The 12th Asian Logistics, Maritime and Aviation Conference Opens

HONG KONG, Nov 22, 2022 – (ACN Newswire) – The 12th edition of the Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and Hong Kong Trade Development Council (HKTDC), opened today at the Hong Kong Convention and Exhibition Centre (HKCEC) in person and online. This year's ALMAC is expected to attract over 14,000 viewers from over 50 countries and regions. At this annual signature event for the maritime, air freight, logistics and supply chain management sectors and shippers from different industries, more than 90 industry experts and leaders will share their insights at close to 30 sessions.
Dr Peter Lam, HKTDC Chairman, said the disruption and delays caused by the pandemic in the past three years have highlighted an urgent need to assess how we can manage supply chains differently, so they are better equipped to withstand future challenges.

The opening session was officiated by Paul Chan, Financial Secretary of the HKSAR.

The 12th edition of the Asia Logistics, Maritime and Aviation Conference, jointly organised by HKTDC and Government of the Hong Kong Special Administrative Region, opened today at the Hong Kong Convention and Exhibition Centre (HKCEC) in a hybrid format.


Dr Peter K N Lam, Chairman of the HKTDC welcomed international delegates to the conference, saying: "In the past year, economies have confronted a myriad of challenges, not least the pandemic, war, inflation and rising energy prices. No country or region, including Hong Kong, is immune to these developments. This attests to how connected our world is today. We may live on opposite sides of the world from each other, but the phenomenon of globalisation has, particularly over the last few decades, intertwined our fates ever closer. The logistics, maritime and aviation industries are a principal driver and guardian of our interconnectedness. In today's increasingly globalised world, they flourish most in an environment of stability. The resilience and sustainability of global supply chains guarantee their continued growth. The disruption and delays caused by the pandemic in the past three years have highlighted an urgent need to assess how we can manage supply chains differently, so they are better equipped to withstand future challenges."

Paul Chan, Financial Secretary of the HKSAR, officiated at the online opening, saying: "There is clear and compelling direction in the National 14th Five-Year Plan and the development plan for the Greater Bay Area. Together, they confirm Hong Kong's future as both an international shipping centre and a premier international aviation hub. To achieve those goals, Hong Kong will continue to integrate into our country's overall economic development. We will fully embrace the boundless opportunities they present us, in logistics – and a great deal more. There is, strategic direction, too, in this year's theme: 'The Future of the Sustainable Supply Chain: Connectivity, Collaboration, Innovation.' It hammers home what we need to realise the future we want."

International speakers analyse the latest trends in the global logistics, shipping and air freight industries

This year's conference featured a wide range of panel discussions and forums with a strong line-up of speakers. Global industry leaders discussed international and regional collaboration, the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the Regional Comprehensive Economic Partnership (RCEP), innovation and technology, and sustainable developments from a variety of perspectives.

In the keynote address this morning, Xiangchen Zhang, Deputy-Director General of the World Trade Organization, examined how governments and businesses in the international arena may join forces to mitigate the impact of supply chain disruption.

"Challenges and opportunities are the two sides of the same coin. To address common challenges in global supply chains, we will rely on connectivity, collaboration and innovation," said Zhang.

This was followed by the Plenary Session featuring global business leaders, including Mathieu Renard Biron, Managing Director of Global Freight Forwarding of Kerry Logistics, Ludovic Renou, CEO of CMA CGM China and Wilkie Wong, Chief Financial Officer of Esquel Group, who discussed how business evolution and supply chain transformation can steer business growth and achieve sustainable development amidst the current economic climate by building connectivity, fostering collaboration and driving innovation.

Mathieu Renard Biron said: "Given all the disruptions of supply chain in the past two years, more opportunities will be coming from Asia while leading to the change of people's expectations and experiences." He added that collaborations and partnerships are needed to foster innovation. The use of AI machine learning technology, for example, is part of our new normal.

Air Freight Forum: Hong Kong as an international aviation hub in the post-pandemic era

As an international aviation hub, the Hong Kong International Airport (HKIA) is one of the busiest and most advanced airports in the world. The Air Freight Forum, co-organised with the Airport Authority Hong Kong, discussed HKIA's "Airport City" vision covering the third runway, express air cargo terminal expansion, the new premium logistics centre, staff training strategies and the synergy created by HKIA and airports in Mainland China.

Maritime Forum: The Way forward

Connectivity is a major component of cooperation among GBA cities. In the first of two Maritime Forums on day one, leaders from the maritime and technology sectors examined Hong Kong's role as an international maritime hub in the GBA. Industry experts engaged in conversation on shipping sustainability, decarbonisation and digitalisation in the second Forum.

The Power Dialogue, titled "Asia for Asia – Powering the Growth of Supply Chain Networks", featured Kian Chuan Chang, Regional Director of Customs Brokerage & Trade Compliance of GEODIS APAC (Holdings), Wingco Lo, Executive Vice President of The Chinese Manufacturers' Association of Hong Kong, Daryl Tay, President, North Asia District of UPS Parcel Delivery Service and Eva Tsang, Assistant Vice President and Executive Director Opal Cosmetics Group. They looked at how RCEP creates opportunities through the integration of regional trade and supply chains and shared their strategic plans for capturing future opportunities.

In the Thematic Session, Terence Chiu, Commissioner of the Hong Kong Export Credit Insurance Corporation, together with Ivy Tse, Co-Chief Executive Officer and Co-Founder of FreightAmigo, shared how businesses can capture opportunities created by supply chain integration in the GBA. This session provided practical insights and solutions for SMEs looking for expansion into the GBA.

Tech experts at InnoTalks underscored game-changing innovative solutions and technologies that are driving advancements in modern logistics and smart supply chain development, helping companies to stay ahead of shifting consumer demands and expectations.

Asian Logistics, Maritime and Aviation Exhibition: Connecting logistics technology and solution providers with shippers

Over 50 exhibitors showcased their latest logistics and supply chain solutions, and innovative technologies to help SMEs enhance their global supply chain management. The HKTDC also arranged business matching sessions for participants to drive more business cooperation.

In addition to the main physical event in Hong Kong, the HKTDC organised ALMAC satellite conferences in Chengdu, Fuzhou, Wuhan, Taiwan, Budapest, Edinburgh, Hamburg, Milan, Paris, Sydney and Warsaw. In addition to running a live broadcast of the Conference, some experts participated in selected satellite venues to address logistics issues and shared experiences from a local perspective.

Shipper's Forum shares latest fulfilment trends

The newly introduced Shippers' Forum, titled "E-commerce Fulfillment in Asia", will be held tomorrow (23 November) with Jenny Hui, General Manager of eBay Hong Kong, Taiwan and Global Emerging Markets sharing latest fulfilment trends and best practices for delivering reliable and agile fulfilment solutions.

In the Power Dialogue on the same day, Pippo Au, Head of Supply Chain of Maxim's Group and Suzanne Cheung, Head of Public Affairs, Communications and Sustainability of Swire Coca-Cola Hong Kong, will highlight how companies are marching towards a sustainable supply chain.

In the Closing Session, Chee Choong Ng, Senior Vice President & Managing Director Hong Kong & Macau, DHL Express (Hong Kong), Fox Chu, Partner of McKinsey, John Parkes, Managing Director – Integrated Logistics of Kerry Logistics and Graziano Terenzi, CEO of Inglobe Technologies, will discuss the metaverse and how the logistics industry can make use of robotics, extended reality, augmented reality and other technologies to drive industry development.

Flagship event of Hong Kong Maritime Week

ALMAC is Hong Kong Maritime Week's flagship event and is organised by the Hong Kong Maritime and Port Board and supported by the Hong Kong Logistics Development Council.

ALMAC: https://www.almac.hk/main/en/
ALMAC programme: https://almac.hktdc.com/conference/almac/en/programme
ALMAC speaker list: https://almac.hktdc.com/conference/almac/en/speaker
Photo download: https://bit.ly/3TZdIC6

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 Impact Communications Company:
Cindy Chung, Tel: +852 9166 0827, Email: cindy.chung@impact-cc.com
Raymond Lee, Tel: +852 6539 4089, Email: raymond.lee@impact-cc.com

HKTDC's Communications & Public Affairs Department:
Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.org
Clementine Cheung, Tel: +852 2584 4514, Email: clementine.hm.cheung@hktdc.org
Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org

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

MRHB: Exclusive Web3 Partner of World Halal Summit, Mints Soulbound NFTs for Attendees

DUBAI, Nov 22, 2022 – (ACN Newswire) – MRHB.Network, the world's first decentralized finance platform devoted to halal crypto asset solutions, is joining the World Halal Summit as an official Web3 partner and will be providing 'soulbound tokens' (SBT) for the thousands of expo attendees.


The World Halal Summit, taking place this year from November 24-27, 2022, is the largest halal conference in the world – the last World Halal Summit attracted over 31 thousand attendees from 96 different nations. The conference is held annually in Istanbul, Turkey, and is focused on contemporary challenges and opportunities in the halal industry. This year's primary theme is "For a Sustainable Trade: Explore All the Aspects of the Halal Industry". Topics that will be covered at the summit's many keynote addresses and panel discussions include current trends in the halal sector and new directions in the halal market.

"We have always been big supporters of halal expos around the world, and are proud to be Official Partner of the World Halal Summit this year," said MRHB DeFi CEO and founder Naquib Mohammed. "There has been tremendous interest in crypto and digital assets by Muslim communities in recent years. MRHB is the world's first Web3 platform offering decentralized financial services that are truly halal from the ground up and we are truly grateful for the opportunity to share these solutions with the community of the World Halal Summit."

Notable speakers at this year's World Halal Summit include the Head of the Turkish government's Department of Participation Finance, the Acting Department Head of the Turkish Halal Accreditation Agency, and the Director of the Turkish government's Department of Participation Finance. Dozens of other speakers from a wide variety of industries and countries will also be present.

Get Soulbound NFT Tickets Minted by MRHB DeFi

As the exclusive Web3 partner of World Halal Summit, MRHB (pronounced 'Marhaba') is the sole producer of NFT tickets to the event. The NFT tickets are more than just collectible pictures – they provide real utility as verifiable proof that the conference-goers have purchased tickets to the World Halal Summit.

MRHB is minting NFT tickets which are soulbound tokens – non-transferrable NFTs that cannot be sold or traded with other people. Originally conceived by Ethereum co-founder Vitalik Buterin, soulbound tokens act as identity and reputation tokens in a decentralized society.

USD10K worth of Gold tokens to be won on TijarX Gold Rush

To celebrate their newly launched commodities exchange TijarX, MRHB DeFi is also awarding a total of US$10 thousand in Gold Standard ($AUS) halal tokenized gold to lucky winners of their 'Gold Rush' Campaign. To participate and have a chance to win physical gold-backed tokens (ticker 'AUS'), users must purchase a minimum of US$100 worth of AUS on TijarX, MRHB DeFi's decentralized commodities exchange or DEX. The gold tokens are backed by the physical gold bars held in the vaults of MRHB's regulated (since 1974) bullion partner – Ainslee Bullion.

TijarX can be accessed on Sahal Wallet, a multi-chain, multi-asset self-custodial halal crypto wallet available on iOS and Android. Prizes will be distributed in AUS as follows:

– $5K prize to the highest AUS net buyer
– $3K prize to the second-highest AUS net buyer
– $1K prize to the third-highest AUS net buyer
– 10 X $100 prizes to 10 lucky draw winners

Follow MRHB on Twitter ( https://twitter.com/marhabadefi ) to get the latest updates on the trading contest.

The MRHB Vision: Empowering, Ethical and Easy

MRHB DeFi's halal decentralized finance platform empowers the world's 1.8 billion Muslims and those looking for a more ethical gateway into the opportunities of web3 and digital assets, The Islamic Finance market is US$3 trillion in size and promotes ethical, transparent and fair business practices .

"The cryptocurrency space is a risky place with limited or no halal crypto asset options," Naquib said. "I founded MRHB DeFi to be a one-stop-solution for users searching for more ethical and non-interest-based approaches to DeFi solutions. I am confident our TijarX Gold Rush campaign will attract summit attendees who are looking for an easy way to invest in physical gold, silver and crypto assets via their phone."

Sahal Wallet acts as a super App for all of MRHB DeFi's halal finance services, including the SouqNFT marketplace – where World Halal Summit NFTs are minted and halal compliance NFT certificates are also hosted – as well as the TijarX commodities exchange, home to tokenized precious metals by Gold and Silver Standard. Every token and product on the platform undergoes a strict halal vetting procedure to ensure all assets are Shariah compliant. The world's first halal crypto income and staking solution will both launch in the next few months, with four more launches scheduled for 2023 including interest-free financing, decentralized philanthropy (DePhi), an entrepreneur launchpad and decentralized autonomous governance.

The company launched their $MRHB token last December in an oversubscribed IDO, raising over US$4.5 million. The majority of their investors came from their enthusiastic community of over 70 thousand ethics-conscious supporters from 106 different countries. The company has since gone on to win the 2022 Global Brand Awards as the "Best New Islamic Crypto Platform". Nasdaq and InvestorPlace have also featured the MRHB token as a "killer crypto" to invest in.

MRHB DeFi is supported by a number of partners and investors, including Polygon Technology, Sheesha Finance, Australian Gulf Capital, NewTribe Capital, Blockchain Australia, Mozaic, Contango Digital Assets, ZKSync, Acreditus Partners, EMGS Group, Sinofy Group, Sukhavati Protocol and MKD Capital, amongst others.

About MRHB.Network

MRHB means 'welcome' and is the world's first Web3 platform that empowers the community with an ethical and halal approach to decentralized finance. By following values-based financial and business principles, we are creating a trusted ecosystem where both experts and novices can safely and easily access the full power of DeFi.

Our diverse team comprises researchers, technocrats, influencers, Islamic fintech experts, business entrepreneurs and industry professionals, who have all come together to ensure that MRHB fulfills its impact mission to benefit society as a whole with DeFi, by bridging the gap between faith-conscious communities and the blockchain world.

MRHB DeFi Network Official Channels
Website: https://mrhb.network
Twitter: https://twitter.com/marhabadefi
Telegram: https://t.me/mdf_official
Telegram Announcements: https://t.me/marhabadefi_ANN
YouTube: https://www.youtube.com/c/MarhabaDeFi
Medium: https://medium.com/@mrhbdefi
LinkedIn: https://www.linkedin.com/company/marhabadefi
Discord: https://discord.com/invite/DubSjKmkBX
Facebook: https://www.facebook.com/MRHBDeFi
Telegram (Arabic): https://t.me/mdf_arabic
Telegram (Russian): https://t.me/marhabadefi_russia
Telegram (Turkish): https://t.me/MarhabaDefiTR
Telegram (Persian): https://t.me/mrhbdefi_persian
Telegram (Urdu/Hindi): https://t.me/MRHBDeFi_Urdu_Hindi
SouqNFT Marketplace: https://souq.mrhb.network

Media Contact
cecilia@marhabadefi.com
dean@yourPRstrategist.com

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

World’s Longest-Running AI Show Series Arrives in India

By bringing together some of the brightest minds from the AI and ML landscape to discuss their applications and their scope in the future in India’s new normal, the 39th global edition of World AI Show, organized by Trescon, will focus on mapping AI adoption in India’s enterprises and explore the prospects of future technologies.

BANGALORE, INDIA, Nov 22, 2022 – (ACN Newswire) – Owing to the increased digitization of numerous industries, there is a rise in the demand for AI-integrated systems throughout India. The country is adopting AI quickly due to a thriving IT sector and an increase in the use of cloud-based apps. Taking these developments into the consideration, the 39th global edition of World AI Show, slated to take place on November 23, 2022, at The Leela, Mumbai, will highlight endeavors and pioneering advancements in the AI ecosystem in India.

The event will address significant developments in India’s AI, ML, IA & Robotics environment, providing insights on a variety of government initiatives aimed at increasing internet access and promoting services like e-governance, e-banking, e-education, and e-health.

Speaking about Denodo’s presence at World AI Show, Ravi Shankar, Sr. Vice President & CMO, Denodo says, “To improve the results of AI and ensure that business value is delivered, the quality of the data being used will be key. We are now shifting from model-centric AI where the focus was on the tuning of the model and processing of the data, to data-centric AI, where data and its suitability is now more of a focus to derive better results. To better manage enterprise data, organizations will look to platforms that focus on delivering data with consistency, accuracy and trust. Platforms that help AI projects accelerate the delivery of insights and drive business improvements. Join us at the World AI Show to hear about the Denodo platform a how it provides a logical data architecture that helps organizations leverage their data more effectively and efficiently which helps to drive better business outcomes.”

While discussing the importance of AI, Soummo Bose, Head of AI, Tata Steel, explains, “AI learns from & enhances Human Intelligence rather than competing with it. AI is immensely data hungry, and it needs to be nurtured like a child in its development phase for it to learn the appropriate skill/behavior. Companies need to intently cultivate a data culture while being patient with an AI’s development.”

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

The event will feature some of the most prominent thinkers in the Indian AI, ML, IA & Robotics landscape, including:

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

“In recent years, the Government of India has set up multiple initiatives to boost AI development in the country. These include the launch of the National Artificial Intelligence Mission in 2020, which has a budget of Rs 1.5 billion (US$ 21 million) over five years, and the setting up of an AI development center in Bangalore. In addition, the government has also been working on developing AI standards and has set up a task force to develop a National Strategy for AI. With World AI Show, we hope to draw attention to India’s advantageous environment for the development of global AI,” Mithun Shetty, CEO, Trescon

Event partners at the 39th edition of World AI Show India include:

Knowledge Partner: Deloitte
Gold Partner: Alteryx | Uniphore
Silver Partners: Denodo | Exotel
Premium Bronze Partner: Automation Anywhere
Bronze Partner: Nividous
Exhibitor: Intelimek

For more information visit: World AI Show, India

About World AI Show, India

World AI Show is a thought-leadership-driven, business-focused, global series of events that takes place in strategic locations across the world. As part of the world tour, the India edition is gathering pre-qualified CIOs, CEOs, CTOs, Heads of AI, Chief Digital Officers, Heads of Innovation, and International AI experts from the industry.

The show features exciting keynotes, enterprise use-case presentations, product showcase, panel discussions and tech talks to discuss the latest challenges for the sector arising out of the pandemic situation. Witness next-gen AI solutions from global leaders and explore its relevance and impact on your organization.

About Trescon

Trescon is a global business events and consulting firm that provides a wide range of business services to a diversified client base. Trescon is founded and managed by a group of specialists with more than 8 decades of combined expertise in successfully developing business events, trainings and consulting for corporates, governments, associations and high-net-worth individuals across the world. Our advisory board members comprise of an ever-growing exceptional mix of senior-level industry veterans and successful tech entrepreneurs.

With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high-quality business platforms for our clients.

For further details about the announcement, please contact:
Nupur Aswani
Head – Media, PR and Corporate Communications, Trescon
+91 95559 15156 | media@tresconglobal.com



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

aCommerce to Launch New EcommerceIQ Connector To Power Shopify Stores With Fulfillment Services in SEA

BANGKOK, Nov 22, 2022 – (ACN Newswire) – aCommerce (SET: ACOM) is excited to announce the impending release of a connector to seamlessly connect the data streams between Shopify and aCommerce's proprietary omnichannel order management platform – EcommerceIQ.

Mr. Paul Srivorakul

Mr. Roberto Kauffman


This connector is the answer to many brands' woes, as ecommerce managers struggle to keep track of multiple sales channels switching between marketplaces, social commerce, and direct-to-consumer dashboards to monitor their online business.

"We are thrilled about the upcoming release of what this new connector can bring to our clients and the wider market," said Roberto Kauffmann, aCommerce's Group Chief Product Officer. "For our brand clients, this Shopify and EcommerceIQ turnkey integration-as-a-service allows us to simply add and operate Shopify stores as an additional channel. Likewise, brands wishing to launch a store or existing Shopify merchants, can now easily scale up their business by tapping into our fulfillment and other EcommerceIQ services almost instantly. It also provides clients with centralized multichannel monitoring and insights that are vital for professional ecommerce."

Slated to be released as early as January 2022, this connector enables the smooth flow of products, inventory, sales orders, returns, delivery updates, and all related data between EcommerceIQ and Shopify.

"Direct-to-consumer is a crucial piece of the puzzle. With the new public integration, our clients will have a 360 view of their operations, where they can manage and optimize their ecommerce business. This is an opportunity for brands and merchants to leverage their existing marketplace presence and create an efficient multi-channel strategy," said Paul Srivorakul, aCommerce Group Chief Executive Officer.

With this new Shopify to EcommerceIQ connector, managing, monitoring, optimizing, and making informed multi-channel decisions becomes much easier.

Streamlined Ecommerce Operations

EcommeceIQ is the leading SaaS ecommerce enablement platform in Southeast Asia, it gives businesses the ability to manage and scale ecommerce processes from end to end. The world's top brands are now using the platform's proprietary technology as it streamlines operations and allows effortless scalability and monitoring capabilities.

This connector natively connects Shopify with EcommerceIQ. It aims to eliminate the tedium of managing multiple ecommerce channels from different dashboards, allowing EcommerceIQ clients to start selling directly to consumers without altering the current workflow.

The connector is secured by the EcommerceIQ proprietary tokenized module and will automatically consume and synchronize order information, inventory, and pricing control through a unified panel.

Bringing D2C to Southeast Asia

aCommerce and Shopify are at the forefront of enabling direct-to-consumer ecommerce in Southeast Asia. The partnership is structured to empower brands and merchants to get their products directly to consumers in the most cost-efficient way by lowering or even eliminating upfront store setup, implementation costs, and revenue sharing.

On its release, aCommerce existing partners will have the exciting opportunity to be among the first to opt-in and sample the powerful capabilities of a webstore with full EIQ integration. The connector will then be brought to the broader market in the next few months following the pilot.

Making Ecommerce Easy

aCommerce designed the integration to be easy and painless. With just a few clicks, businesses can be on their way to managing their entire marketplace and D2C channels directly from EcommerceIQ, optimizing anything from merchandise to content.

Demo sessions for potential new users are now underway. If your brand is looking to simplify the management of your marketplace, or Shopify online store, or looking to set up a new D2C channel visit us at www.ecommerceiq.asia, or www.acommerce.asia/shopify-plus-d2c for more information.

About aCommerce

aCommerce is the leading end-to-end ecommerce enabler in Southeast Asia. We drive brands to achieve their ecommerce goals with high-performance digital marketing, online store development & management, data & analytics, customer care, fulfillment, and delivery services. The aTeam, our 700+ staff across the region is dedicated to providing seamless integration between offline & online, with 5 fulfillment centers driving global leading clients to e-commerce success. Click to learn more about EcommerceIQ ( https://ecommerceiq.asia/ ) and aCommerce ( https://www.acommerce.asia/ ).

Released for aCommerce Group by MT Multimedia Co Ltd
Wasana Wongsiri (Jiab), T: +66 84 359 0659, E: wasana.w@mtmultimedia.com

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

Ni Hsin Group Unveils Two TAILG EBIXON EV Motorcycle Models

KUALA LUMPUR, Nov 22, 2022 – (ACN Newswire) – Ni Hsin EV Tech Sdn. Bhd., a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad (Bursa: NIHSIN, 7215)), today unveiled two models of the TAILG EBIXON EV Motorcycles.
Managing Director of NH EV TECH, Khoo Chee Kong

Mr. Chee Kok Hee, Secretary General of Malaysia Motorcycle and Scooter Dealers Association; Mr. Lee Kun Feng, Vice President of Dongguan Tailing Motor Vehicle Co., Ltd; Yang Berbaqhagia Dato' Zailani Hj Hashim, Director General of Road Transport Department; Yang Berbahagia Dato' Seri Rosman Mohamed, Chairman of Ni Hsin Ev Tech Sdn. Bhd.; and Mr. Khoo Chee Kong, Managing Director of Ni Hsin Ev Tech Sdn. Bhd. [L-R]


The models, the TAILG EBIXON BOLD and TAILG EBIXON TORQ, in the personal and commercial use categories, respectively, are assembled at the Group's manufacturing facilities in Seri Kembangan, Selangor.

Khoo Chee Kong, Managing Director of NH EV TECH, said, "After more than two years of hard work, from the conceptualisation, R&D, experimentation, trial and error, and close collaboration with our formidable partner, Dongguan Tailing Motor Vehicle Co., Ltd, we finally achieved the milestone with the launching of our TAILG EBIXON EV Motorcycles – the Game Changer for Ni Hsin Group."

The Group started selling coffee from motorcycles in line with BLACKBIXON's concept of cafe@home cafe@office cafe@anywhere where the BLACKBIXON Coffee Bike can quickly deliver coffee ordered through e-commerce platforms.

Khoo explained, "The first motorcycle we experimented with was an internal combustion engine (ICE) motorcycle which was not efficient as it was burdensome and costly, and we wanted a vehicle that is environmentally friendly. After a series of trials and experiences, an electrical motorcycle that was clean and has zero tailpipe emission was successfully developed, as our BLACKBIXON Coffee Bike last year."

"We soon realised that there is a market for this purpose-built machine. The COVID-19 pandemic brought about a spike in e-commerce and hence the demand for delivery services. Motorcycles are a popular choice for its quicker delivery time and low maintenance. In light of global warming, EV motorcycles make perfect sense as they are energy efficient and cheaper to maintain."

"There are lots of opportunities for the use of EVs, with the government providing incentives in the form of tax reliefs for the assembly or manufacturing of EVs, component parts, and the development of EV ecosystems such as charging facilities. The government as well as government-linked companies (GLCs) are also expected to adopt the use of EVs. Also, the global electric scooter and motorcycle market is estimated to grow at a CAGR of 10.2% to US$93.9 billion by 2031 from US$35.3 billion in 2021."

"Our target is to sell 15,000 units of TAILG EBIXON EV Motorcycles a year over the next three years covering the Asia Pacific region. We are deep in negotiations with several organisations, GLCs, government agencies and dealers to promote, market and distribute our EV motorcycles in the region. Our business model includes outright sale and rent-to-own modules to businesses as well as consumers."

The Group's venture into the manufacture and assembly of EV motorcycles underscores its commitment to social and environmental responsibilities while creating a green revenue stream in carbon trading, in which emissions are treated as either carbon credits or offsets that can be sold in a carbon market such as Bursa Securities Malaysia Berhad's voluntary carbon market (Bursa VCM), to be opened by the end of 2022.

Ni Hsin's EV motorcycle business generates carbon offsets that can be sold to other companies to reduce their carbon footprint. The Bursa VCM will, besides providing transparency in the carbon credit market, boost investments in high-quality offsetting projects such as planting trees or shifting to cleaner fuels.

In conjunction with the unveiling of the two TAILG EBIXON EV Motorcycle models, Ni Hsin will also sign Memorandum of Agreements with several esteemed and well-connected organisations, including MIMOS Berhad, Projek Lintasan Kota Holdings Sdn Bhd (PROLINTAS), HAI-O Enterprise Bhd and PT Winn Pratama Indonesia to assist in the marketing, promotion and distribution of these EV motorcycles.

Ni Hsin Group Berhad: NIHSIN [Bursa: 7215] [RIC: NHSN:KL] [BB: NHR:MK], http://www.ni-hsin.com/

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

Society Pass (Nasdaq: SOPA)/ NusaTrip Collaborates with Periksa.id to Promote Indonesia’s Wellness, Health, and Medical Tourism Recovery Strategy

SINGAPORE, Nov 22, 2022 – (ACN Newswire) – Nusatrip, the Indonesia-based Online travel agent (OTA) and travel platform of Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) leading data-driven loyalty, fintech and e-commerce ecosystem, today announces an official partnership with Periksa.id, a Jakarta-based leading health-tech solutions company, to enable and introduce flight search engine services in over 200 hospitals and clinics across 13 provinces in Indonesia. Periksa's network covers over 200,000 doctors, medical workers, and over 1.5 million daily patients. The partnership strengthens NusaTrip's commitment to developing more vibrant travel services for all consumers, business partners, and stakeholders in Indonesia and throughout SEA.


Wellness, Health, and Medical Tourism have been one of the Ministry of Tourism and Creative Economy's strategies for industry revival since the pandemic of COVID-19 hits. According to Future Market Insights Global and Consulting Pvt. Ltd., the global Medical Tourism market is expected to be valued at US$ 5.2 Billion in 2022 and is projected to grow at a CAGR of 30.5% between 2022 and 2032, totaling around US$ 75 Billion by 2032.

"We believe that our technology and services can serve a broader range of travel demands and purposes than just leisure. Our collaborations pave the way and build a roadmap in contributing to Indonesia's wellness, health, and medical tourism industry," says Johanes (Joe) Chang, NusaTrip's CEO.

Joe further highlights NusaTrip's mission to become a world-class OTA and the most reliable partner that offers a wide range of travel and tourism-related products, services, and experiences to our customers and business partners globally. As the travel industry recovers, NusaTrip continues working within the larger digital ecosystem of Society Pass[1] to offer richer travel products and services for our consumers and partners across Indonesia and Southeast Asia.

NusaTrip aims to improve the efficiency of the emergency travel or medical evacuation for patients in need and to support the home care or onsite health care services offered by many doctors, hospitals, and clinics. As NusaTrip's partner of choice, the Indonesian health technology company, Periksa.id has been providing an extensive solution to digitize and improve the quality of healthcare facility services in Indonesia.

The Founder and CEO of Periksa.id, Sutan Imam Abu Hanifah explains, "Our new collaborative feature will help doctors and medical staff to easily check the airline's schedule and seat availability for various arrangements, from purchasing tickets for patients in care who are in need of emergency travel or medical evacuation, assisting doctors on business trips such as regular meetings and attending conferences, to helping medical staffs in finding good deals for their short break or recharge."

He adds that through the collaboration, Periksa.id users can now use and exchange their loyalty points for travel-related products and services on NusaTrip, and the company has received positive feedback since its launch.

The collaboration of NusaTrip and Periksa.id is one of many partnerships to come in gearing up towards the recovery of the travel industry in Indonesia and SEA by 2023/ 2024, following the OTA's acquisition in July 2022 by Society Pass, a global digital commerce ecosystem and loyalty platform company operating in 5 major markets in SEA. With strong support and the new digital ecosystem from Society Pass, NusaTrip enhances its capability to embark on regional expansion and unlimited avenues to grow more channels and revenue streams.

[1] NusaTrip is the travel vertical and part of Society Pass Inc. next-gen digital ecosystem and loyalty platform.

About Periksa.id

Periksa.id is an Indonesian health technology company that provides an end-to-end cloud-based web and mobile application-as-a-solution that digitize workflow, resources, services, payment, and medical record database management in small-to-large local general-to-specialist, private to state-owned hospitals and clinics in the 1st to 3rd tier cities across the country since its establishment in 20017. For more information, please check out: https://www.periksa.id.

About NusaTrip

Founded in 2013, NusaTrip is an IATA-licensed online travel agency that serves both local and global customers and partners by optimizing cutting-edge technology and providing quality customer-centric support team-as-a-service. NusaXchange platform is the travel technology built to consolidate worldwide flight content through streamlined integration with low-cost and full-service airlines from multiple points of sale and enables its global distribution at ease.

NusaTrip is a member of Society Pass Incorporated (Nasdaq: SOPA) ecosystem, with headquarters in Jakarta and representative offices in Singapore, Thailand, Vietnam, and the Philippines. For more information, please check out: https://www.nusatrip.com.

About Society Pass Inc

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

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

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

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

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

Cautionary Note Concerning Forward-Looking Statements

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

Media Contacts:
Rosa Milyarna – NusaTrip
rosa@NusaTrip.com

PRecious Communications
sopa@preciouscomms.com

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

Keen Interest from Thai Business Community to Collaborate with Hong Kong on New Opportunities

HONG KONG, Nov 21, 2022 – (ACN Newswire) – More than 200 Thai business leaders today joined a lunch seminar organised by the Hong Kong Trade Development Council (HKTDC) in Bangkok, affirming the Thai business community's confidence in Hong Kong's role to help businesses in the region grow and tap into opportunities in Hong Kong and Mainland China.
The luncheon seminar was held today with the theme "Hong Kong-Thailand: Enterting a New Era of Opportunities".

HKTDC Chairman Dr Peter K N Lam giving opening remarks.

Supattanapong Punmeechaow, Deputy Prime Minister and Minister of Energy of the Kingdom of Thailand delivered remarks.

Hong Kong business delegation led my HKSAR Chief Executive, John Lee, meets with the Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Kingdom of Thailand, Han Zhiqiang, in Bangkok on 20 November.


The seminar was organised as a key closing event of a high-level business mission to Bangkok, led by the Chief Executive of the Hong Kong Special Administrative Region (HKSAR), Mr John Lee, and supported by the HKTDC.

Despite the pandemic, the Thai business community has shown keen interest in using Hong Kong as a springboard for their business expansion, fundraising and investment partnerships.

The business mission wrapped up a three-day programme of meetings and networking with leading Thai businesses to update them on the latest prospects in Hong Kong, including the city's strategic investment in innovation and technology, the latest overseas talent and enterprise attraction measures. There were also fruitful exchanges about opportunities in the Guangdong-Hong Kong-Macau Greater Bay Area and the development of the Northern Metropolis in Hong Kong.

HKTDC Chairman Dr Peter K N Lam said, "From this exchange, we can see that Thai businesses have full confidence in Hong Kong. They have keen interest in regards to, in particular, Hong Kong's role as an international financial centre and a springboard to the Guangdong-Hong Kong-Macau Greater Bay Area. Following the resumption of international travel connecting Hong Kong, we hope this mission will help Hong Kong businesses find more opportunities in Thailand and ASEAN."

The HKTDC is planning a large-scale "Think Business, Think Hong Kong" business promotion campaign in Thailand in July next year, to showcase Hong Kong as a hub for connecting global businesses as well as Hong Kong products and services to the Thai business community. More Thai business are expected to join.

Through its worldwide network of 50 offices, the HKTDC continues to engage in overseas outreach through business missions and local events and activities.

Photo Download: https://bit.ly/3TUnvJT

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 Communications and Public Affairs Department:
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org

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

The GrowHub Innovations Company and Tangobar Announce Partnership for Sustainable Regional Community Development and ASEAN market penetration

SINGAPORE, Nov 21, 2022 – (ACN Newswire) – The GrowHub Innovations Company ("The GrowHub"), Asia Pacific's only Web 3-enabled plug-and-play ecosystem builder for food traceability and carbon credits, announced its strategic partnership with Kyoto's leading craft canning producer and food experience provider Tangobar LLC. ("tangobar"). Tangobar is committed to the development of canned foods using local agricultural and marine products as well as food promotion events. The GrowHub will be providing its proprietary Web-3 technology to Tangobar to support the sustainable development of the local community in Kyoto Prefecture (Kyoto by the Sea) and the penetration of its products in the ASEAN market.
Tangobar Food Education Program – Oyster

Kumihama Bay


With a goal of maximizing local food resources, knowledge, and techniques to promote the diversity of Kyoto's rich landscape, Tangobar seeks to create a harmonious relationship between food producers and consumers to develop a sustainable food culture that is beneficial for all. The GrowHub's mission of fostering sustainable and conscious trade and providing authentic food that consumers can trust via Web-3 technology aligns with Tangobar's efforts to contribute to the local environment and communities.

The GrowHub's unique blockchain solution, which enables direct two-way communication with consumers, will enable Tangobar to tell the rich story of its products and the local community in northern Kyoto while providing them the insights needed to expand and create demand for their product offerings among ASEAN consumers. By creating demand for food experience programs and local food processing, Tangobar hopes to contribute to new employment opportunities and sustainable economic growth in the region.

Dr. Daiki Nakaoka, the Country Head of The GrowHub Japan shared, "We are very pleased to partner with Tangobar, which contributes to the sustainable development of local communities. While many rural areas in Japan have wonderful food resources, they are faced with the challenges of increasing employment opportunities for locals and re-innovating food experience programs with environmental considerations. This partnership significantly enhances the opportunities for local communities to thrive in ASEAN in a sustainable manner."

According to the ASEAN Food and Nutrition Security Report 2021, the shift in food retailing is resulting in increased consumption of unhealthy foods and diminishing the often critical role of informal traders in meeting the food and nutrition needs of communities. It is crucial for food producers to showcase transparency and provide extensive background on ingredients/products to end food consumers. By scaling-up sustainable agricultural practices in ASEAN, The GrowHub supports the livelihoods of small-scale food producers, while helping curb carbon gas emissions to push back impending catastrophe.

Mr. Naoya Seki, Founder, and CEO of Tangobar mentioned, "The GrowHub is a key player in distributing products that contribute to the development of a sustainable environment and society in ASEAN. It is beyond challenging to scale local food resources to potential consumers beyond Japan. As such, The GrowHub comes in as a bridge to enable us to communicate directly with ASEAN consumers. Through this, we are better able to tailor our products according to the needs and demands of new audiences. We are looking forward to our strong partnership with The GrowHub and future roadmaps for consumers to visit our production facilities in Kyoto."

With the mission of "bringing consumers and producers closer together", Tangobar commits to utilise local food resources, food knowledge, and techniques to improve the holistic well-being of people and nature. Moving forward, The Growhub will continue to strengthen Tangobar's food offerings in the landscape and contribute to the sustainable development of local food communities in ASEAN.

About The GrowHub Innovations Company

The GrowHub Innovations Company (www.thegrowhub.co) is Asia Pacific's only Web 3-enabled technology plug-and-play ecosystem builder focusing on food traceability and carbon credits. The GrowHub has strong and exclusive relations with the government bodies in Western Australia and Singapore – Food Innovation Precinct Western Australia (FIPWA) and PEEL Development, Shire of Murray. Currently, in eight markets across Australia and Asia Pacific, The GrowHub offers access to trusted premium products at affordable rates through the development of new agri-food and blockchain technologies emerging from our innovation centre at FIPWA. With the capital, network, and expertise, we use technology to improve the experience of "farm-to-fork". From crunching data to enable producers to improve yields, to leveraging statistics to enable better transportation of produce, to the information on the quality of food you pay for at the table, our blockchain technology allows for full food traceability across the supply chain – so that you can trust in the food you eat. To find out more about GrowHub please visit: https://thegrowhub.co/

About Tangobar

Tangobar is a company engaged in the development of canned and other processed foods, and food experience programs, mainly in the Kyoto by the Sea area. With the MISSION of "bringing consumers and producers closer together", tangobar is engaged in the business of delivering the attractiveness of local foods by utilizing local food resources, food knowledge, and techniques. In rural areas such as the Kyoto by the Sea area, there is nature such as oceans and mountains that nurtures rich foods that are not found in urban areas. Many food producers in these areas benefit from that nature. What we want to convey is the story that nature and people mutually create by the time the food reaches our mouths. By communicating these stories, we aim to create a relationship between the people who produce the food and the people who eat it. We believe that this relationship will lead to a sustainable food environment that is healthy for both people and nature, where the people who eat the food, the people who produce the food, and nature all care for each other. To find out more about Tangobar please visit: https://www.tangobar.co.jp/

For Media Enquires, Please Contact:
PRecious Communications for GrowHub
growhub@preciouscomms.com

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

Gotion High-tech and VinES Vietnam base break ground at a joint venture battery factory

HONG KONG, Nov 21, 2022 – (ACN Newswire) – November 18, the joint venture battery factory by Gotion High-Tech and Vietnam VinGroup was officially opened in Vietnam Ha Tinh Economic Development Zone. The project is expected to achieve an annual production capacity of 5GWh, scheduled to be in operation by the end of 2023, which is the first LFP battery factory in Vietnam.



The factory was jointly invested by Gotion High-tech, and VinES (a member of VinGroup). Gotion High-tech holds 51% of the shares and VinES holds 49%. According to the plan, The project has a scale of 14 hectares with a design capacity of 5GWh/year and is expected to be completed and put into operation by the end of 2023. To meet the demand for LFP batteries for VinFast new energy vehicle batteries.

At the Groundbreaking ceremony, Li Zhen, Chairman of Gotion High-Tech, said: VinGroup is the most respectable enterprise in Vietnam. The battery factory jointly built by Gotion High-tech and VinGroup will support the battery needs of VinFast's electric vehicles. It will not only contribute to the energy revolution, climate-friendly and economic development of Vietnam but also contribute to the energy civilization of human society.

Since the beginning of this year, the globalization strategy of Gotion High-tech has been continuously implemented. In June, the company reached strategic cooperation with JEMSE of Argentina to establish a joint venture production line of battery-grade lithium carbonate in Jujuy Province of Argentina. At the same time, the German Gotion was officially unveiled, which started the pace of "made in Europe" Gotion batteries. In July, the company's General Depositary Receipts (GDR) rang the bell on the SIX Swiss Exchange; In September, it signed a strategic cooperation agreement with Sumec to promote the export business of energy storage products. According to the company's plan, by 2025, it is expected to achieve 300GWh annual production capacity of global production capacity, including 100GWh overseas, to help achieve global carbon neutrality.


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

L’Oreal Groupe, together with Hotel Shilla and Anchor Equity Partners, launches SHIHYO, a newly created luxury beauty brand

SHANGHAI, Nov 21, 2022 – (ACN Newswire) – L'Oreal Groupe, together with Hotel Shilla and Anchor Equity Partners, is launching a newly created luxury beauty brand 'SHIHYO' through Loshian, a third-party joint venture. This is the first time L'Oreal is launching a new beauty brand through a joint venture.
"SHIHYO" is a new luxury beauty brand launched by L'Oreal Groupe, together with Hotel Shilla and Anchor Equity Partners through a joint venture Loshian


SHIHYO, which means "the wisdom of time," is a newly created skincare beauty brand inspired by the Asian wisdom of the 24 seasons. SHIHYO embodies the healthy energy of nature, powered by herbal sciences.

The new brand is based on the naturality of 24 herbal ingredients harvested at the peak of each season, combined with proven efficacy based on scientific research and innovation. All formulas include the signature ingredient called ShiHyo24, a patented, nutrient-rich concentrate of the 24 herbal ingredients infused with fermented rice water and ginseng water.

SHIHYO offers 24 different types of ampoules featuring 24 herbal ingredients, along with other skincare products such as facial cleanser, essence, and cream, as well as scalp care products such as shampoo and conditioner.

SHIHYO leverages L'Oreal's longstanding beauty expertise, Hotel Shilla's luxury retail channels, and Anchor's robust financial business model. SHIHYO's 1st flagship store, the "Seoul Garden," will open in the coming months at The Shilla Seoul Hotel in Korea, with the ambition of engaging with consumers and offering an immersive experience with an extensive luxury beauty product range.

Cyril Chapuy, President of L'Oreal Luxe, said, "L'Oreal LUXE is very pleased to announce the launch of SHIHYO through a partnership with Hotel Shilla and Anchor Equity Partners. Rooted in an exceptional traditional wisdom and knowledge of naturality, SHIHYO represents the epitome of Asian luxury beauty. Empowered by science, SHIHYO delivers the highest skincare quality thanks to its signature patented ingredient, offering the most elevated luxury beauty experience."

In-Gyu Han, COO of Hotel Shilla, said, "SHIHYO is a luxury beauty brand that brings out the best of naturality and efficacy with seasonal ingredients directly sourced from local farmers in Korea. With our rich retail expertise married with L'Oreal's strong brand building capabilities, we believe SHIHYO will elevate the desire for natural, luxury beauty in Asia."

Sanggyun Ahn, Managing Partner of Anchor Equity Partners, said, "We are glad to join this partnership to support the growth of the most unique brand in Asia and globally. We have full confidence that SHIHYO will meet the discerning consumers' needs with new luxury beauty routines."

About L'Oreal Groupe

For over 110 years, L'Oreal, the world's leading beauty player, has devoted itself to one thing only: fulfilling the beauty aspirations of consumers around the world. Our purpose, to create the beauty that moves the world, defines our approach to beauty as inclusive, ethical, generous and committed to social and environmental sustainability. With our broad portfolio of 35 international brands and ambitious sustainability commitments in our 'L'Oreal for the Future' programme, we offer each and every person around the world the best in terms of quality, efficacy, safety, sincerity and responsibility, while celebrating beauty in its infinite plurality.

With 85,400 committed employees, a balanced geographical footprint and sales across all distribution networks (e-commerce, mass market, department stores, pharmacies, hair salons, branded and travel retail), in 2021 the Group generated sales amounting to 32.28 billion euros. With 20 research centers across 11 countries around the world and a dedicated Research and Innovation team of over 4,000 scientists and 3,000 tech professionals, L'Oreal is focused on inventing the future of beauty and becoming a Beauty Tech powerhouse. More information on https://www.loreal.com/en/mediaroom

About L'Oreal North Asia Zone

L'Oreal North Asia Zone was established in 2021 as L'Oreal Groupe regrouped the geographical scope of its zones to give greater coherence to consumer behaviour and to create synergy within the region. The North Asia Zone comprises of five geographically and culturally connected markets of Mainland China, Hong Kong, Taiwan, Japan and South Korea.

L'Oreal North Asia Zone is the second largest region within the Group, accounting for 30.5% of the Group's global sales in 2021. Situated in the most beauty intense region with more than one-third of the world's total beauty consumers, L'Oreal North Asia shapes the future of beauty with its innovation centers in Shanghai, Tokyo and Seoul, while investing in beauty tech transformation as one of the three beauty tech hubs globally. Here, our mission is to strategize, create and activate a powerful ecosystem around the North Asia Beauty Triangle as a competitive edge to unleash sustainable growth for all and inspire the world.

Media contact:
Linda YAN / linda.yan@loreal.com

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