Phoenix Group Doubles Down on Mining Dominance with USD 187 Million Bitmain Deal, Following Historic Partnerships and IPO Success

ABU DHABI, UAE, Jan 10, 2024 – (ACN Newswire) – Phoenix Group PLC, the Middle East’s premier Bitcoin mining powerhouse and a global leader in blockchain technology, continues its meteoric rise with a landmark USD 187 million deal for cutting-edge mining machines from industry giant Bitmain. This strategic acquisition comes hot on the heels of their record-breaking partnerships with Whatsminer, announced in December 2023, and the company’s monumental IPO on the Abu Dhabi Securities Exchange (ADX) in the same month. These combined moves solidify Phoenix Group’s position as a dominant force in the global mining landscape and a rising star in the tech world.

“This latest deal, following our successful IPO and partnerships, signals our relentless pursuit of excellence and solidifies our leadership in this dynamic space,” declared Bijan Alizadehfard, Co-Founder & Group CEO of Phoenix Group. “Partnering with titans like Bitmain and Whatsminer equips us with the best tech, fuels our growth, and redefines the future of efficient and sustainable mining.”

Following the historic Whatsminer partnership and a phenomenal IPO that saw the company’s share price soar to 2.32 AED (USD 0.63) with a market cap of 14.5 billion AED (USD 3.95 billion) as of January 4th, 2024, the Bitmain deal further amplifies Phoenix Group’s hashing power and market share. This combined firepower positions the company as a global contender, rewriting the narrative of the mining industry with each strategic move.

But for Phoenix Group, it’s not just about numbers. It’s about building a better future. The company remains dedicated to green practices, integrating hydro cooling technology in collaboration with both Bitmain and Whatsminer. This unwavering commitment to sustainability positions them as pioneers, leading the industry towards a cleaner future.

“Our environmental responsibility is core to our values,” emphasized Munaf Ali, Co-Founder & Group MD of Phoenix Group. “Partnerships like these, coupled with our commitment to hydro cooling, pave the way for a greener blockchain future.”

Phoenix Group’s relentless pursuit of excellence, strategic partnerships, unwavering commitment to sustainability, and impressive IPO success all paint a picture of a company on a mission. This double whammy of industry-leading deals – Bitmain and Whatsminer – is a testament to their ambition: to rewrite the global mining landscape and emerge as the undisputed leader, one strategic move at a time.

Key Highlights:

– Phoenix Group acquires USD 187 million worth of top-tier Bitcoin mining machines from Bitmain.

– This move follows the company’s historic multi million dollar partnership with Whatsminer and a successful IPO on the ADX.

– The combined acquisitions significantly increase Phoenix Group’s hashing power and market share.

– Phoenix Group remains dedicated to eco-friendly mining practices through hydro cooling initiatives.

– The acquisition of the Bitcoin mining machines was executed through a related party.

About Phoenix Group PLC

Phoenix Group PLC is a global leader in blockchain technology and the Middle East’s premier Bitcoin mining powerhouse. Founded in 2017, the company has carved its niche in the tech landscape through its unwavering commitment to innovation, operational excellence, and sustainable practices. With a diversified portfolio spanning across various tech ventures, Phoenix Group is poised to shape the future of blockchain technology and reshape the global mining landscape.

Social Links
X (Former Twitter): https://twitter.com/phoenixgroupuae
LinkedIn: https://www.linkedin.com/company/phoenixgroupuae/

Media Contact
Brand: Phoenix Group PLC
Email: info@phoenixgroupuae.com
Website: https://phoenixgroupuae.com/press/

SOURCE: Phoenix Group PLC

LQR House Announces Board Meeting for a Special Dividend up to $1.00 per Common Share

MIAMI BEACH, FL, Jan 10, 2024 – (ACN Newswire) – LQR House Inc. (the “Company” or “LQR House”) (NASDAQ:LQR), a niche e-commerce platform specializing in the spirits and beverage industry, is pleased to announce that the Company’s Board of Directors will convene a meeting to deliberate on the proposed distribution of a special dividend, demonstrating its commitment to supporting shareholders of record.

The meeting, scheduled for Friday, January 12, 2024, will focus on the potential distribution of a special dividend of up to $1.00 per common share to eligible shareholders. This decision reflects LQR House’s ongoing efforts to enhance shareholder value and recognize the loyalty and support of its investor community.

As a forward-thinking company dedicated to creating value for its stakeholders, LQR House has consistently strived to align its strategies with the interests of its shareholders. The proposed special dividend underscores the Company’s confidence in its financial position and outlook, as well as its commitment to delivering returns to investors.

CEO Sean Dollinger expressed enthusiasm about the potential special dividend, stating, “At LQR House, we recognize the importance of rewarding our shareholders for their continued trust and support. This special dividend is a tangible demonstration of our commitment to enhancing shareholder value and acknowledging their role in our success.”

The meeting will provide an opportunity for the Board of Directors to assess the Company’s financial performance, evaluate the current market conditions, and decide on the best course of action to maximize shareholder benefits.

About LQR House Inc.

LQR House intends to become a prominent force in the wine and spirits e-commerce sector, epitomized by its flagship alcohol marketplace, cwspirits.com. This platform seamlessly delivers a diverse range of emerging, premium, and luxury spirits, wines, and champagnes from esteemed retail partners like Country Wine & Spirits. Functioning as a technology-driven hub, LQR House utilizes software, data analytics, and artificial intelligence to elevate the consumer experience. CWSpirits.com stands out as the go-to destination for modern, convenience-oriented shoppers, providing a curated selection of alcohol products delivered to homes across the United States. Beyond its role as an e-commerce leader, LQR House is a marketing agency with a specialized focus on the alcohol industry. The company measures campaign success by directly correlating it with sales on CWSpirits.com, demonstrating a proven return on investment. Backed by an influential network of over 550 figures in the alcohol space, LQR House strategically drives traffic to CWSpirits.com, enhancing brand visibility. LQR House intends to disrupt the traditional landscape of the alcohol industry, driven by its dedication to providing an unparalleled online purchasing experience and delivering tailored marketing solutions.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Shareholders can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement on Form S-1 filed with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement on Form S-1 and other filings with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov.

Investor and Media Contact: info@lqrhouse.com

SOURCE: LQR House Inc.

Global Blockchain Show, Dubai, to gather Blockchain and Web3 experts, provide networking opportunities

DUBAI, Jan 9, 2024 – (ACN Newswire) – VAP Group, a leader in Web3 & Crypto Innovation, to host the biggest blockchain event in the heart of Dubai at Grand Hyatt Dubai from 16-17 April 2024.

Global Blockchain Show Dubai is gearing up to welcome more than 7000 attendees, 300 speakers, 120 sponsors, and 3000 firms who will unite from different regions of the world to network, learn, experience leadership sessions, and showcase their projects and products with a common goal of promoting blockchain and web3 industry.

Among the attendees and speakers, the Global Blockchain Show Dubai will have C-level executives, managers, consultants, corporates, investors, and even governments who will stand to gain valuable insights from this blockchain event and participate in networking opportunities to build collaborations and partnerships.

VAP Group has been leading the AI and Blockchain consulting domain for more than a decade now and is committed to promoting blockchain innovation among young entrepreneurs and crypto enthusiasts. The organization has strategically chosen Dubai for the #GlobalBlockchainShow2024 as the city boasts a futuristic and innovative atmosphere with government support for the decentralized economy and a global blockchain hub that provides access to professionals and experts in this field.

Attendees will have the opportunity to hear from an esteemed lineup of industry leaders. Lennix Lai, the Chief Commercial Officer of OKX, brings over 15 years of crypto and financial expertise, leading OKX’s evolution into a DeFi and NFT powerhouse. Alexandre Dreyfus, CEO of CHILIZ & SOCIOS.COM, boasts a rich digital entrepreneurial journey, pioneering blockchain-based fan engagement for major sports entities. Dominic Williams, the brain behind the Internet Computer Project, will delve into the future of blockchain tech. Additionally, speakers like Alex Fazel of SwissBorg, David Palmer from Vodafone, Maria Vovchok of Dubai Blockchain Center, and Alex Belov of Coinstelegram will offer their insights on the transformative potential of blockchain across various sectors.

Vishal Parmar, the CEO of VAP Group, says “At the Global Blockchain Show in Dubai, we’re shaping the future of Blockchain and Web3. Beyond gathering diverse insights, we’re uniting to drive industry transformation and shape tomorrow’s possibilities.”

There will be engaging networking opportunities and panel discussions on Blockchain advancements and production cases.

Among other Blockchain events, the Global Blockchain Show wins the race with its unique networking opportunities. While most events keep this session for the end of the show, the Global Blockchain Show will have networking sessions throughout the event starting from day one.

Global Blockchain Show Dubai is all set to be a powerhouse to craft engaging digital experiences and captivate global audiences where young entrepreneurs and investors can become trendsetters in their journey through the billion-dollar blockchain and crypto industry, which has recently become popular on exponential levels.

The event will also hold an exclusive after-party on the hottest beachfront of White Beach, Dubai, which features ultra-luxurious cabanas, restaurants, and infinity pools. Even during the after-party, attendees can build collaborations and partnerships with blockchain professionals and organizations to catapult development, drive growth, and create employment opportunities.

Global Blockchain Show Dubai is getting ready to be a powerhouse, craft engaging digital experiences, and captivate global audiences where young entrepreneurs and investors can become trendsetters in their journey through the billion-dollar blockchain and crypto industry, which has recently become popular on exponential levels.

As we move into 2024, our Blockchain and Web3 enthusiasts at VAP Group will be embracing the immense potential of the technology and helping bridge the gap between the centralized and decentralized worlds by hosting the largest #GlobalBlockchainShow2024.

About Global Blockchain Show

VAP Group is delighted to introduce the Global Blockchain Show, an extraordinary platform poised to redefine the landscape of blockchain technology. This eagerly anticipated event brings together visionaries, industry leaders, and pioneers from across the globe for an unparalleled exploration of blockchain’s transformative power.

Join Global Blockchain Show for a dynamic gathering on 16 th -17 th April 2024, at Grand Hyatt, Dubai where the brightest minds converge to unlock the potential of blockchain technology. From thought-provoking keynote speeches to interactive panel discussions and hands-on workshops, the Global Blockchain Show curated by VAP Group promises to delve into the cutting-edge applications and disruptive potential of blockchain across diverse industries. This is more than a conference; it’s a catalyst for the evolution of decentralized solutions, digital economies, and innovative paradigms. Embrace the opportunity to be at the forefront of this revolution and engage with the latest trends and advancements shaping the future of blockchain technology. Secure your place today and become part of a global movement shaping the future of blockchain innovation.

To book tickets: https://www.globalblockchainshow.com/tickets/

For media inquiries, exclusive interviews, or press passes, please reach out to:
Nupur Aswani
Director – Media & PR, VAP Group
7874711416 | Nupuraswani@vapgroup.co

Avance Clinical: Latest Analysis Reveals 65% of US Biotechs Struggle to Identify Suitable CRO Partner

SAN FRANCISCO, CA, Jan 9, 2024 – (ACN Newswire) – Avance Clinical, the leading Australian and North American CRO for biotechs announced today that new industry analysis shows 60-65% of US biotechs face challenges identifying the right sized CRO partner that can deliver at every phase of their drug development program. The report found this directly affected clinical programs and budgets.

View the report here

The report also found that 50% of biotechs engaged with more than one CRO over the course of their clinical program potentially impacting knowledge transfer, timelines and budget.

The new analyst report from Frost & Sullivan examined the challenges biotechs face during the CRO selection process saying “biotechs are increasingly wanting to partner with mid-sized, agile, and responsive CROs with a proven ability to rapidly advance quality clinical programs”.

“There is a perception among biotechs that large multinational CROs are less responsive and unable to adapt to the fast-paced nature of biotech demands,” according to the report.

Additionally, it noted that biotechs currently faced multiple challenges including a decline in biotech funding, a rise in drug development complexity, evolving FDA regulatory review processes, and costly delays caused by slow patient recruitment.

The report concluded that biotechs, especially those aiming to meet investor milestones, need to select the right CRO from the start.

The report outlined the key criteria US-biotechs use to identify the right CRO including:

1. Established site relationships
2. Scientific excellence
3. Quality compliance and data excellence
4. Cost competitive
5. Patient recruitment solutions
6. Agile and responsive
7. Accelerated timelines
8. Regulatory approval track-record
9. Ability to expand to multi-regional global phases
10. Access to latest technologies (including Artificial Intelligence & Machine Learning)

The report emphasized that biotechs were seeking CROs with established site relationships and highlighted that Avance Clinical now has more than 1,250 US-based sites in their GlobalReady Site Partnership Program to support US biotechs accelerate their clinical trials.

Each site has been accredited by Avance Clinical for data quality, patient centricity, and streamlined processes designed meet rigorous clinical timelines.

In addition, the report found a regulatory affairs track-record was a key selection criteria saying in-house regulatory expertise was the most attractive option for biotechs. It found that Avance Clinical is one of the only Australian/US mid-sized CRO with an inhouse regulatory affairs team experienced in FDA, EMA and China FDA approval processes.

Avance Clinical presented the report at JPM and Biotech Showcase 2024 where the team is taking meetings.

Avance Clinical has been recognised by Frost & Sullivan for the past 4 years with the prestigious Frost & Sullivan Asia-Pacific CRO Best Practices Leadership Award.

CEO Yvonne Lungershausen said “We have shown, with our high growth and industry-leading repeat business rates that our focus on gold standard technology paired with solution-orientated clinical experts is the mix our biotech clients need for clinical success”.

“Avance Clinical’s GlobalReady model is designed to extend biotechs’ investments so they can achieve greater clinical development milestones with reduced spend, all with the assurance of FDA accepted data,” she said.

GlobalReady gives our biotech clients conducting their early phase studies in Australia and New Zealand a seamless journey into the US to continue their clinical development programs, retaining the same high-quality CRO, which reduces time and cost and delivers quality FDA accepted data.

GlobalReady also enables US biotechs to conduct their mid to late phase studies in the US and expand to multi-regional locations.

In addition, the attractive 43.5% rebate on clinical spend in Australia, offers clients the opportunity to utilize our North American operations expertise and team, whilst maintaining services in Australia to maximise their rebate potential.

Find out more:

Learn about the GlobalReady model here https://www.avancecro.com/avance-clinical-north-america-operations/
For more information about the benefits of running your next study with Avance Clinical contact us: enquiries@avancecro.com

About Avance Clinical

Avance Clinical is the largest premium full-service Australian and North American CRO delivering quality clinical trials, with globally accepted data, in Australia, New Zealand and the US for international biotechs. The company’s clients are biotechs completing Phase I to Phase III of their drug development program that requires fast, agile, and adaptive solution-oriented clinical research services.

Frost & Sullivan Awards

Avance Clinical, a Frost & Sullivan Asia-Pacific CRO Market Leadership Award recipient for the past four years, has been providing CRO services in the region for more than 26 years.

Pre-clinical through to mid to late phase

Avance Clinical offers pre-clinical services with their experienced ClinicReady team right from pre-clinical through to Phase III clinical services leveraging significant Australian Government incentive rebates of up to 43.5% and rapid start-up regulatory processes.

With experience across more than 120 indications, the CRO can deliver world-class results and high-quality internationally accepted data for FDA and EMA review.

Technology

Avance Clinical uses state-of-the-art technology and gold standard systems across all functional areas to provide clients with the most effective processes. Medidata, Oracle, TrialHub, Certinia, Salesforce, Zelta and Medrio are just some of the technology partners.

www.avancecro.com

Media Contact:
Avance Clinical
Kate Thompson
media@avancecro.com

doola Raises Strategic Investment From HubSpot Ventures to Scale Support of Small Businesses Globally and Democratize Access to the US Financial Ecosystem

NEW YORK, Jan 9, 2024 – (ACN Newswire) – doola announced today that they have raised a strategic round of investment from HubSpot Ventures to scale support of the next generation of small businesses globally. The new investment comes less than one year after the company secured $8 million in series A funding. HubSpot joins a group of existing investors that includes Nexus Venture Partners, the Y Combinator Continuity Fund, Hustle Fund, Jacqueline Reses, Dharmesh Shah, Ankur Nagpal, Rohini Pandhi, Sahil Bloom, Arjun Sethi and Prasanna Sankar.

doola + Hubspot Ventures

doola’s signature Business-in-a-Box™ for LLCs simplifies the process of forming a company, along with long-term post-formation support for entrepreneurs worldwide. Business owners no longer need to piece multiple solutions together, from company formation to obtaining an Employer Identification Number (EIN) and opening and managing bank accounts; doola streamlines every step. With the innovation economy flourishing, doola supports business builders of all shapes, sizes, and backgrounds in their entrepreneurial endeavors by allowing them to focus on their crafts while the platform seamlessly takes care of unsexy, yet required backend business management functions, like tax compliance and bookkeeping.

“Our investment in doola signifies our strong belief in the potential of the small business community and our commitment to supporting its growth,” said Brandon Greer, Head of HubSpot Ventures. “doola’s mission and innovative ‘business-in-a-box’ solution aligns with our goal to empower entrepreneurs everywhere, and we look forward to working together to help global business builders grow better.”

Arjun Mahadevan, Founder and CEO of doola, said, “As doola supports the next generation of founders, solopreneurs, and side hustlers in not just starting but running and growing their businesses, there is an immense amount to learn from HubSpot. The ability to more tightly integrate with HubSpot to help our customers increases the likelihood that they’ll succeed. At the end of the day, talent is everywhere, but opportunity is not and partnering with HubSpot allows us to scale faster towards our mission of helping 1B founders turn their dream idea into their dream business.”

About doola

doola (YCombinator S20) helps entrepreneurs form U.S. LLCs, C Corps, and DAO LLCs by supporting customers through the incorporation process so they can confidently collect payments, build credibility, stay legal, and make more money. doola provides company formation, an EIN, a U.S. address and bank account, access to U.S. payments, a free tax consultation, U.S. tax support, a phone number, $1,000,000 in startup perks, and more. Today, thousands of companies have launched with doola, and these founders didn’t need a U.S. social security number to benefit from doola’s products and services. To date, doola has raised $13M in venture capital from YCombinator, Nexus Venture Partners, the YC Continuity Fund and more (HQ: New York City).

Contact Information
Arjun Mahadevan
Founder & CEOarjun@doola.com

SOURCE: doola

View the original press release on newswire.com.

HKTDC & UOB Research: 85% of GBA businesses prioritise ASEAN sales

HONG KONG, Jan 9, 2024 – (ACN Newswire) – About 85% of businesses in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) plan to maintain or grow their sales to the ASEAN bloc of countries in the next three years, according to a research report released by the Hong Kong Trade Development Council (HKTDC) and UOB today. The report – Navigating Connectivity: Exploring ASEAN Opportunities for the Greater Bay Area – also indicated that Malaysia, Singapore, Thailand and Vietnam were the top sales markets for expansion-minded GBA businesses, while Vietnam remained top choice for procurement and production outsourcing.

Overall, the report shed some light on why GBA businesses found ASEAN appealing. The sheer scale of the ASEAN market was singled out by 55.9% of research respondents as a key catalyst for their expansion plans. Scale was ahead of the 49.6% accorded to government incentives and investment policies and 32.8% which cited enhanced e-commerce access.

The HKTDC-UOB survey conducted in the third quarter of last year took the form of a questionnaire completed by 671 GBA enterprises, supplemented by in-depth interviews with a representative number of GBA businesses.

More GBA companies plan to expand into ASEAN markets

The survey found more than 70% of respondents planned to expand to ASEAN in the next three years, compared with 60% in a similar survey conducted in 2021. The number is even higher for those already established in ASEAN, with 96% of such businesses planning to maintain or expand operations in the next three years.

GBA companies across the four surveyed sectors – consumer goods; business, professional and financial services; real estate, hospitality and construction; and technology, media and telecommunications – all saw Malaysia, Singapore and Thailand as having the greatest potential to thrive in. In terms of industrial goods, GBA businesses considered Malaysia, Singapore and Vietnam their priority markets. Malaysia’s popularity across companies in the four sectors was considerably higher than in the 2021 survey.

Key challenges

GBA businesses regarded navigating local government policies and regulations (48.6%) as the key challenge to expanding their market share within ASEAN, followed by cultural or language barriers (38.7%) and difficulties in obtaining talent (26.4%). This differs notably from the 2021 survey, which identified inadequate infrastructure, difficulties in finding the right local partners and the increasing cost of doing business as the top three challenges.

Mrs Christine Ip, CEO – Greater China, UOB, said: “UOB is dedicated to driving business connectivity between ASEAN and China. We see the a strong trend among GBA enterprises to spread their wings abroad and boost long-term growth. With our cross-border and customised financial solutions, foreign direct investment advisory services and a deep understanding of local markets, sector knowledge and partnership ecosystem, we help to reduce barriers of cross-border expansion, address supply chain risks and minimise financing costs for customers. Since the inception of the UOB Foreign Direct Investment Advisory unit in 2011, we have supported nearly 4,000 companies to successfully enter ASEAN markets. This success underscores the Bank’s commitment to doing right by our customers.”

Hong Kong’s connectivity with GBA and ASEAN

In another key finding, most GBA businesses had a particularly high regard for Hong Kong’s strong connectivity with both the GBA and ASEAN bloc – more than 70% of respondents accorded the city a score of seven or more out of 10. Hong Kong’s expertise in service provision was seen as essential for sustained success in the ASEAN market and also its most admired asset. Hong Kong scored highly for its expertise in legal compliance, cross-border infrastructure finance and logistics. This was seen as an endorsement of the quality of services the city provides and an indication of the massive contribution Hong Kong is set to make as the GBA continues to prosper.

Commenting on the findings, Mr Louis Chan, Deputy Director of HKTDC Research, said: “This survey confirms both the bold and outward-looking nature of the GBA’s overall development strategy, while highlighting the essential role Hong Kong can play in ensuring this initiative reaches its full potential. It shows beyond doubt that synergy between the GBA members assures them of a better future than they could have achieved alone.”

Mrs Ip added: “In tandem with the promotion of free trade agreements, technology empowerment and higher business plans, the findings show we stand at the crossroads of burgeoning investment opportunities between Greater China and ASEAN. Hong Kong has a unique position as a super connector and value-adder, driving financial innovation, facilitating cross-border trade and nurturing economic prosperity to shape a future where business connectivity in this dynamic region knows no boundaries.”

Regional integration, digitalisation and cost management essential for ASEAN success

Overall, 53.7% of GBA companies noted that geographic economic integration initiatives, particularly the Regional Comprehensive Economic Partnership (RCEP), were likely to boost their chances of success within ASEAN, followed by digitalisation (51.9%) and cost management, including moving production to lower-cost locations (40.8%).

Most respondents credited the effectiveness of RCEP at streamlining and accelerating trade between the region’s most dynamic economies – including Mainland China, Indonesia, Malaysia, Singapore, Thailand and Vietnam – as the main reason for its success.

Surveyed enterprises also believed digitalisation had been crucial for the maintenance of economic and supply chain resilience amid the unprecedented impact of the pandemic. They also viewed digitalisation as a key productivity driver, reducing operational costs and facilitating business and investment expansion in the region. In all, 23.2% of companies saw digitalisation as a priority for their business which was likely to boost their chances of successfully entering the ASEAN market.

Related materials

• HKTDC Research: https://research.hktdc.com/en

• The report in Chinese – Navigating Connectivity: Exploring ASEAN Opportunities for the Greater Bay Area can be downloaded from the websites of HKTDC and UOB Hong Kong.

Photos Download: https://bit.ly/48CTRkg

Christine Ip, CEO – Greater China, UOB (right) and Louis Chan, Deputy Director of HKTDC Research (left), release the Navigating Connectivity: Exploring ASEAN Opportunities for the Greater Bay Area research report

Louis Chan, Deputy Director of HKTDC Research

Christine Ip, CEO – Greater China, UOB

Media enquires
HKTDC’s Communications & Public Affairs Department:
Frankie Leung, Tel: (852) 2584 4298, Email: frankie.cy.leung@hktdc.org
Clayton Lauw, Tel: (852) 2584 4472, Email: clayton.y.lauw@hktdc.org

UOB Hong Kong:
Susanna Liu, Tel: (852) 2123 7537, Email: susanna.liuwy@uobgroup.com
Sarah Tsang, Tel: (852) 2123 7536, Email: sarah.tsangsw@uobgroup.com

Yuan Tung Financial Relations:
Agnes Yiu, Tel: (852) 3428 5690, Email: ayiu@yuantung.com.hk
Hing-fung Wong, Tel: (852) 3428 3122, Email: hfwong@yuantung.com.hk

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

About UOB

UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For nearly nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within and connecting to ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to helping businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.

Dubai Taxi (DTC) Launches Regular Taxi Service for People of Determination

DUBAI, Jan 9, 2024 – (ACN Newswire) – The Dubai Taxi Co PJSC (“DTC”), a leading provider of comprehensive mobility solutions in Dubai, has announced the launch of a new service for people of determination (POD), enabling them to book regular taxis through “DTC App”.

Importantly, it includes the option for users to avail of the same 50% discount that is offered with the dedicated service for people of determination. The system is designed to be accessible for holders of the Sanad card for people of determination in Dubai, enabling them to use this service efficiently and electronically.

The new initiative comes in line with DTC’s commitment to improving services for people of determination, adhering to the highest international standards in public and transport services.

It also reflects the company’s social responsibility and its efforts to introduce smart initiatives that support the government’s goals of integrating and empowering people of determination in the community, thereby enhancing their happiness and quality of life.

Innovative proactive services

Abdullah Ibrahim Al Meer, Acting Chief Business Transformation Officer at DTC, emphasized that the launch of the new service reflects the company’s commitment to continually enhance its services and offer an innovative model of smart and proactive services. “We look forward to enhancing customer satisfaction, particularly among people of determination,” Al Meer added.

“DTC has always strived to align its services with the needs of people of determination, in compliance with the highest global standards, and we will continue to do so to provide them with top-tier transportation services and contribute significantly to Dubai’s reputation as an inclusive city for people of determination,” he further said.

Al Meer noted that there has been a growing demand for DTC’s vehicles designed for people of determination. Consequently, the launch of this digital service is part of the company’s efforts to expand and streamline the provision of transportation services for this group by leveraging modern and efficient methods. This service enables people of determination, including residents, visitors, and tourists, to access regular taxi services conveniently and swiftly, further enhancing their mobility.

Speed and flexibility

Dubai Taxi Company currently offers the “People of Determination Taxi” service through its smart application, featuring modern vehicles equipped with state-of-the-art amenities to ensure a comfortable and convenient transportation experience. The service guarantees safe and reliable transportation options for people of determination, available round the clock.

Dubai Taxi Co App

The “DTC App” is one of the useful public transport apps in Dubai facilitating residents to book exclusive, safe and comfortable taxis and limousines. The app allows users with multiple taxi and payment options, for instance, direct payment or through the credit card. The Dubai Taxi Co App can be downloaded on Android or iOS.

Contact:
The Dubai Taxi Co PJSC (DTC)
Email: media@dtc.gov.ae
URL: https://dubaitaxi.ae/en

Positioning Asia’s Shared Services as Engines of Transformation and Innovation

SINGAPORE, Jan 9, 2024 – (ACN Newswire) – The 27th edition of Shared Services & Outsourcing Week Asia 2024 held in Singapore from 15 to 18 October 2024, promises to focus on solidifying Asia’s competitive advantage in the global Shared Services map.

The shared service industry in Asia has seen an upwards trajectory with the market size expected to grow at a compound annual growth rate of 23.7% by 2028 – especially as automation and digital transformation reshape the landscape of shared services in Asia. Based on a recent survey, 88% of SSOs in Asia are planning to accelerate their digital transformation efforts. Coupled with that, the increased cost-to-serve, complex geopolitical affairs and recent entry of Generative AI have forced SSOs and GBSs to rethink their strategy.

The 27th Asian Shared Services & Outsourcing Week 2024 is committed to congregate the region’s shared services thought leaders, decision makers, influencers, across various functions such as IT, HR, Procurement, Strategy, Operations, and many more.

Ms Krishna Mawani, Conference Director of SSOW Asia, shared that “We have been putting together the SSOW Asia series for 26 years now, and year on year we hear how the shared service industry has significantly evolved. Being at the forefront of the industry, we have witnessed the growth of the region’s shared service centres and their evolution from providing traditional, transactional services to core business support – and we know this has not been an easy journey. We salute all shared services and GBS leaders in the industry for their tenacity and ability to dynamically adapt to these changing requirements and needs. 2024 will no doubt be an interesting year for everyone, and we look forward to welcoming our leaders back with us in October 2024.”

27th Asian Shared Services & Outsourcing Week 2024, the #1 Regional Shared Services Event spanning across four action-packed days, is proud to present an ensemble of 50+ distinguished speakers and an impressive 140+ regional shared services thought leaders. On top of the 2-day jammed-packed conference lineup with keynote speakers, the event also features an exclusive pre-conference guided site visit – for attendees to experience first-hand how world-class Shared Services Centers operate. Plus, a post-conference SSON Masterclass day, bringing Asia’s SSO & GBS leaders together to examine today’s most pressing issues on Diversity, Equality & Inclusion (DEI) and Intelligent Automation.

Importantly, SSON’s Shared Services & Outsourcing Impact Asia Awards will be taking place on the evening of the Main Conference Day 1 on 16 October 2024. This is a globally recognised, annual industry awards ceremony, which honours and celebrates SSOs and service delivery teams who have exceeded industry standards in their SS&O initiatives.

For businesses seeking to showcase their technological solutions and services, 27th Asian Shared Services & Outsourcing Week 2024 is now open for sponsorship opportunities –thought leadership slots and booths. Sponsors will have exclusive opportunities to demonstrate thought leadership and engage with Shared Services leaders in the region. Act quick, as slots are limited. View sponsorship guide here: https://bit.ly/SSOWAsia2024Guide

For Shared Services & GBS professionals looking to attend to gain insights and learn best practices from case studies and panel discussions, early bird tickets are available for a limited time, so act fast to take advantage of discounted rates. Additionally, we are pleased to offer team discounts of up to 40% for group bookings, making it easier for your entire team to attend and benefit from this transformative experience together.

Don’t miss out on this opportunity and purchase your tickets now: https://www.ssonetwork.com/events-ssowasia/srspricing

About IQPC

At its core IQPC is a global business to business event company that has embraced the digital age. We are the go-to source for online and offline events, information, education, networking, and promotion for executives across industries.

About SSON

SSON has been running conferences in Asia for 20+ years and has seen the market move from single function transactional centres to complex global business services. Through our network, we are seeing a market poised and ready to transform. As the leading shared services & outsourcing platform, we can help you meet your specific business goals and objectives through a variety of fully customizable products and packages.

Media Contact:
Joyce Sng
Senior Marketing Manager
IQPC Asia Pte Ltd
joyce.sng@iqpc.com.sg

Contents.com $18 Million in Series B Funding to Fuel Global Expansion and Technological Advancements for AI Content Creation and Orchestration

NEW YORK, Jan 9, 2024 – (ACN Newswire) – Contents.com today announces a new Series B funding round of $18 million, supported by major European and American venture capital funds.

This funding aims to consolidate its leadership position in the market for generating and orchestrating multilingual content for medium and large enterprises, thanks to its proprietary all-in-one technology platform based on artificial intelligence. AI is revolutionizing the way people acquire information and satisfy their thirst for knowledge.

Founded in 2021, Contents.com has rapidly expanded its international presence, now boasting clients in Europe, Latin America, North America, and Asia. Worldwide, medium and large enterprises use the Contents.com SaaS technology platform to manage integrated and coordinated workflows for producing multilanguage and multi-format digital content, including images and videos. The Contents.com platform offers an optimized user experience, integrated with major CMS, eCommerce, and DAM solutions in the enterprise sector. It simplifies the use of the most famous international LLMs (Large Language Models) to produce original content, thereby reducing time and costs while maintaining quality. This facilitates the work of the marketing, ecommerce, and media management departments of client companies.

Since its establishment in 2021, Contents.com has experienced remarkable growth, attracting thousands of customers globally, including several billion-dollar companies, and achieving double-digit year-over-year growth. The company’s mission is to integrate AI seamlessly into business operations. This funding will enhance their technological capabilities and expand their global team, reinforcing their leadership in the AI content creation industry.

Sinergia Venture Fund of Alkemia Capital is leading Contents.com’s operation, with participation from Thomson Reuters Ventures and others. The capital raised from this initiative is earmarked for significant expansion of Contents.com’s international business. This includes enhancing their technological capabilities and solutions, as well as a strategic increase in their corporate staff, with a particular emphasis on growing their Innovation Technology and Sales teams.

“In an era where innovation drives progress, Contents.com aims to assist global companies to stay ahead. On this extraordinary journey, our fundraising philosophy has remained the same: to seek not just funding, but collaborations that align with our values and innovative vision. Series B isn’t just a financial milestone, but a demonstration of our bold challenge to the conventions of the tech world. This funding will push us beyond traditional boundaries, revolutionizing high-quality, multilingual content creation globally. We’re committed to transforming global communication, connecting ideas and cultures through AI-based advanced solutions. Together with our partners, we’re redefining the global tech landscape, making an impact well beyond our corporate growth. We are here with Contents.com to influence global content creation,” declares Massimiliano Squillace, CEO & Founder of Contents.com.

“We are excited about our role as the lead investor in the recent capital increase of Contents.com. Our trust in Massimiliano, the founder, and his exceptional team is the foundation of this decision. We strongly believe in their vision and Contents.com’s innovative approach to the generative AI market. The generative AI market is in a phase of exponential growth, with forecasts indicating a global market value that could exceed $50 billion by 2026. This technology is opening new frontiers in various sectors, from digital marketing to industrial automation. Contents.com is perfectly positioned to capitalize on these opportunities and drive innovation in this rapidly evolving sector,” says Simone Cremonini, Partner of Sinergia Venture Fund of Alkemia Capital.

“The Contents.com team has built an application that enables the practical use of generative AI for enterprise content creation. We are excited to work with them to bring the application’s rich capabilities to our teams and to our customers so that in turn, they can create high quality multilingual content,” says Tamara Steffens, Managing Director of Thomson Reuters Ventures.

For this Series B transaction, Contents.com was represented by Orrick, Herrington & Sutcliffe LLP. An experienced team led by Partner Attilio Mazzilli and Of Counsel Livia Maria Pedroni provided strategic legal advice, underscoring Orrick’s commitment to supporting innovation and growth in the technology sector.

About Contents.com

Contents.com is Series B company leader in AI content creation for enterprise, providing a robust AI platform that facilitates the generation of diverse content types including text, audio, video, and animations. The platform is equipped with advanced tools tailored to support a variety of content needs. Its innovative Brand Voice service stands out, allowing businesses to craft content that resonates with their unique brand identity through AI-driven customization. Designed for a wide range of users, from small bloggers to large corporations, Contents.com makes content creation more efficient, creative, and accessible in multiple languages, catering to a global audience.

For more information, please visit the website www.contents.com and follow us on LinkedIn

Press Contacts
Email: hello@contents.com
Press Office Email: press@contents.com

Via Paolo da Cannobio, 9 – 20122 Milan
304 S Jones Blvd #6089 – Las Vegas, NV 89107

Contact Information
Sara Brianzoni
PR & Event Manager EMEA
sbrianzoni@contents.com

Martina Relli
PR & Event Specialist
mrelli@contents.com

Source: Contents.com

2024 HKTDC Hong Kong Toys & Games Fair, Baby Products Fair, Stationery & School Supplies Fair open today

HONG KONG, Jan 8, 2024 – (ACN Newswire) – The first round of Hong Kong Trade Development Council (HKTDC) 2024 trade shows, the 50th HKTDC Hong Kong Toys & Games Fair, 15th HKTDC Hong Kong Baby Products Fair and 22nd Hong Kong International Stationery & School Supplies Fair, jointly organised by the HKTDC and Messe Frankfurt (HK) Ltd, launched today at the Hong Kong Convention and Exhibition Centre. The three physical fairs will run concurrently until 11 January and bring together more than 2,600 exhibitors to showcase a wide range of inspiring toys, quality baby products and creative stationery.

HKSAR Government Financial Secretary Paul Chan, HKTDC Chairman Dr Peter KN Lam, HKTDC Executive Director Margaret Fong and HKTDC Toys Advisory Committee Chairman John Tong officiated the Joint Opening Ceremony of the Toys & Games Fair and Baby Products Fair this morning. Marking the 50th edition of Toys Fair, past chairmen and members of the HKTDC Toys Advisory Committee, industry leaders and international buyers joined the ceremony and enjoyed engaging videos and a photo gallery of Toys Fairs over the past five decades.

Paul Chan, HKSAR Government Financial Secretary said at the opening ceremony: “As Hong Kong’s ‘Toy Story’ continues to evolve with support of events like this, so does our position as a preferred destination for MICE (meetings, incentives, conventions and exhibitions) events in Asia. The convention and exhibition industry has long been an important contributor to our city’s overall economy. It attracts high-spending overnight business visitors, spurring economic activities and creating business and employment in sectors such as tourism, retail and catering.”

Sophia Chong, Deputy Executive Director of the HKTDC, said: “Over the five decades – from the first Toys Fair in 1975 to the golden 50th anniversary this year – we have turned “Made in Hong Kong” into a world-renowned label, and the name is now known as a guarantee for quality products at a good price. As the first round of HKTDC trade shows in 2024, the fairs are themed Innovative Play: A Legend Across Time, signifying the shift in Hong Kong’s toy industry. Starting as plastic toy manufacturers in the past, the Hong Kong toy industry has moved towards brand-name development, and transitioned into developing STEM educational toys, smart toys, digital games and green toys. Now Hong Kong’s top-notch toy industry still plays a key role in the global market, while the 50th Toys & Games Fair becomes a must-go trade fair for international toy industry workers.”

The three fairs draw over 2,600 exhibitors from 35 countries and regions, including Hong Kong, Mainland China, Asia, Europe and the US, presenting a large variety of innovative toys, quality baby products and creative stationery. The HKTDC has proactively arranged nearly 200 buying missions and invited various organisations including importers, shopping centres, franchised stores, retail chains, buying offices and e-commerce platforms to send representatives, creating business opportunities for enterprises from around the world, she added.

Upgraded Asian Toys & Games Forum tomorrow explores Asian toy market

The International Trade Centre reports that sizeable emerging markets such as the mainland, Indonesia, Vietnam, India and Poland continue are driving global toy sales, with Asia and the ASEAN market enjoying great potential. The ASEAN market has become a key export destination for the Hong Kong toy industry. Southeast Asia’s share of Hong Kong toy exports grew from 8.4% in 2021 to 17.8% in 2022. Between January and November last year, the figure even reached 20.4%.

The upgraded Asian Toys and Games Forum – themed Unlocking the Asian Market: Insights for the Toy Industry – will be held tomorrow. International toy and game industry experts from AIJU Technological Institute, Naver Z, Euromonitor International and SGS will discuss market trends and share views on toy industry development and opportunities. They will analyse the needs of different customer groups, provide insights for the industry to develop potential markets, explore hot topics such as hybrid physical-digital toys and artificial intelligence, as well as how toy firms can implement sustainable development goals and obtain certification. Hong Kong Toys Council Chairman Bryant Chan will host the panel discussion on Forging Collaborative Approaches to Create Engaging Play Experiences.

Fair seminars will cover such topics as green toy trends, sustainable maternity and baby product market development, toy safety and regulations, toy compliance, testing and certification, keeping visitors up to date on market trends.

Photo gallery recaps half century of the fair’s development

As an Asian flagship industry exhibition, the Toy & Games Fair marks its 50th edition this year. The HKTDC celebrates the milestone with the Toys & Games Fair Photo Gallery, showcasing valuable photos and videos of past fairs, offering visitors a walk down memory lane to recap the fair’s growth over half a century.

New zones and pavilions debut today, including the ODM Hub and Collectible Toys Zone in Kidult World, where a 30-cm Bulkyz Collections figurine of Terry Gogard from Street Fighter is among the exhibits. The pre-painted action figure vividly portrays Terry Gogard’s unique muscle silhouettes, giving a sense of his strength. The movable joints also make the figure a dynamic one. A two-metre Ultraman figurine and 1.5-metre tall Hong Kong Machines model outside Hall 3B give visitors photo opportunities.

The new Green Toys zone showcases products incorporating green and environmentally friendly elements. For buyers’ easy reference, toy and stationery fairs presents more than 200 exhibitors with a Green Leaf label, identifying environmentally friendly products and exhibitors.

Baby Products Fair, Stationery & School Supplies Fair present international brands

The Baby Products Fair brings together five group pavilions this year, including the return of well-received pavilions from Korea, Singapore and Hong Kong Children, Babies, Maternity Industries Association, while the Selection of Europe and Zhejiang’s Huzhou pavilions debut, presenting quality baby products such as baby fashion, health and bath items, as well as maternity supplies.

The Toy and Baby Products’ Brand Name Gallery returns, showcasing over 220 renowned toy brands and more than 40 baby product brands, including Eastcolight, Hape, Welly, ClassicWorld, Rastar, Masterkidz, AURORA, Tutti Bambini, Cozynsafe, ABC Design and Marcus & Marcus. Highlighted products include the Yippy highchair, a convenient, practical and durable seat that suits all members of a household.

Jointly organised by the HKTDC and Messe Frankfurt (HK) Ltd, the Hong Kong International Stationery & School Supplies Fair will feature the latest school and office supplies, creative art supplies and gift stationery. The organisers continue to cooperate with renowned industry associations in different regions, including China Stationery and Sporting Goods Association, Malaysia Stationery Importers and Exporters Association and The Federation of Stationers and Booksellers Association of Malaysia.

Under the hybrid EXHIBITION+ model, the Click2Match smart-matching platform for online business meetings augments the physical exhibitions. This year, the HKTDC also offers the Scan2Match service for buyers to scan QR codes at exhibitor booths with the HKTDC Marketplace App, bookmarking favourite suppliers. This will allow them to extend face-to-face interaction to the online platform and help exhibitors connect with more opportunities after physical fairs close.

Fair Websites
HKTDC Hong Kong Toys & Games Fair: http://hktoyfair.hktdc.com/
HKTDC Hong Kong Baby Products Fair: http://hkbabyfair.hktdc.com/
Hong Kong International Stationery & School Supplies Fair: http://hkstationeryfair.com/

Photo download: https://bit.ly/3Hb4aAg

The physical Hong Kong Toys & Games Fair, Hong Kong Baby Products Fair and Hong Kong International Stationery & School Supplies Fair open today. The four-day fairs run until 11 January at the Hong Kong Convention and Exhibition Centre, bringing together more than 2,600 global exhibitors from 35 countries and regions

Paul Chan, Financial Secretary of the HKSAR Government (front row, fourth right), Dr Peter KN Lam, Chairman of the HKTDC (front row, fourth left), Margaret Fong, Executive Director of the HKTDC (front row, third right), and John Tong, Chairman of the HKTDC Toys Advisory Committee (front row, third left), officiated the Joint Opening Ceremony of the Toys and Games Fair and Baby Products Fair this morning

The HKTDC presents the Toys & Games Fair Photo Gallery showcasing engaging photos and videos of past fairs, offering visitors a walk down memory lane to recap the fair’s growth over half a century

A two-metre Ultraman figurine and 1.5-metre tall Hong Kong Machines model outside Hall 3B give visitors a photo opportunity

A 30-cm Bulkyz Collections figurine of Terry Gogard from Street Fighter is among the exhibits in Collectible Toys Zone in Kidult World. The pre-painted action figure vividly portrays Terry Gogard’s unique muscle silhouettes, giving a sense of his strength. The movable joints also make the figure a dynamic one

For buyers’ easy reference, toy and stationery fairs presents more than 200 exhibitors with a Green Leaf label, identifying environmentally friendly products and exhibitors

Toys and Baby Products fairs continue to carry the Brand Name Gallery, showcasing over 220 renowned toy brands and more than 40 baby product brands. Highlight products include the Yippy highchair, with a convenient, practical and durable design that suits all members of a household

The Selection of Europe make their debut, presenting quality baby products such as baby fashion, health and bath items and maternity supplies

The Hong Kong International Stationery & School Supplies Fair features the latest in creative art supplies, gift stationery, school and office supplies

Media enquiries
HKTDC’s Communications & Public Affairs Department:
Jane Cheung, Tel: (852) 2584 4137, Email: jane.mh.cheung@hktdc.org
Agnes Wat, Tel: (852) 2584 4554, Email: agnes.ky.wat@hktdc.org

About HKTDC