Tiger Brokers adds ASX to its Online Trading & Mobile App

SINGAPORE, Sep 18, 2020 – (ACN Newswire) – Tiger Brokers, the NASDAQ-listed, Xiaomi-backed online brokerage focused on global trading across the world's top markets, announced the addition of the Australian Securities Exchange (ASX) to its mobile and online trading application, Tiger Trade. This brings the current number of exchanges available to regional investors to 6; the US, Hong Kong, China, Singapore, and Australia: the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, Hong Kong Stock Exchange (HKEX), Singapore Stock Exchange (SGX), and since Monday, the ASX.

The addition of ASX to Tiger Trade's offering addresses regional investors' increasing appetite for equities, even during the current COVID-19 pandemic: Tiger Brokers witnessed a surge in account openings especially during June to August, with an increase of 43% y-o-y following the addition of SGX to the platform on June 8. With the ASX seeing an average daily on-market trading volume of AU$5.4 billion (S$5.36 billion) in July, up 21% y-o-y, it was natural that Tiger Brokers would want to provide access to ASX trading on its platform and to expand its offerings to potential ASX investors.

Mr Eng Thiam Choon, CEO of Tiger Brokers Singapore, said, "Tiger Brokers believes that technology is a strong enabler to providing convenient access for retail investors to meet their investing needs. The access to another popular stock exchange like the Australian Securities Exchange will allow investors to further diversify their investment portfolio."

Demand for Overseas Exchanges

The top 10 stocks traded on the Tiger Trade platform included Tesla, Alibaba, Apple and Netflix from US exchanges, Tencent and Alibaba from Hong Kong, rounded out by banking stocks, glove makers and Singapore Airlines (SIA) in Singapore. Across exchanges, the sectors most traded were ihealthcare, followed by the technology sector.

"Industries like healthcare and technology have seen tremendous interest from retail investors, and surging stock prices. Tiger Trade has also seen an increased number of transactions in these stocks. We are also seeing retail investors more comfortable using online trading platforms such as ours, similar to the financial industry as a whole, which is rapidly digitizing. With more people at home, the consumption of technology has risen, and Tiger Brokers is well placed to meet that rising trend," said Mr Eng.

Mr Wu Tianhua, CEO of Tiger Brokers, commented, "A major increase in new customers in Q2 2020 as well as a strong growth momentum in total client assets is indicative of the appeal of our service offerings to both retail and institutional clients. The improvement of these key business metrics showed strength in the business amidst the COVID-19 induced market volatility."

Tiger Brokers Singapore is able to tap the expertise and insight of its parent UPFintech Holdings (NASDAQ: TIGR) in helping drive fintech innovation in Singapore and Southeast Asia. UPFintech Holdings focus is on global Chinese investors. UPFintech's Q2 earnings shared positive momentum with revenue growth of 121.8% y-o-y to US$30.1 million, on trading volume of US$46.8 billion. Client assets hit a high of US$8.3 billion as of June 30, an increase of 132.9% from a year earlier. UPFintech led the rankings of underwriters among brokerages for US IPOs during H1 2020. Despite COVID-19, UPFintech assisted many firms in settling sizable orders, showing the group's capability to serve its 500+ institutional and corporate clients. Earlier this month, it received approval for five new Financial Industry Regulatory Authority, Inc. ("FINRA") licences in the United States.

The Tiger Trade mobile app is available for download at Apple App Store and Google Play store.
Apple App Store: https://apps.apple.com/sg/app/id1023600494
Google Play Store: https://play.google.com/store/apps/details?id=com.tigerbrokers.stock

For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: Tiger@preciouscomms.com / media@tigerbrokers.com.sg
Phone: +65 9667 3157 or +65 9152 0086

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Yan Zhi: Promote the Entrepreneurial Spirit in Global Expansion

SINGAPORE, Sep 11, 2020 – (ACN Newswire) – China's top executives from state-owned and private enterprises recently gathered for a press conference organised by China's State Council Information Office (SCIO) in Beijing to talk about entrepreneurship and the role of innovation in the development of enterprises. The event saw participation from among China's top business leaders including Ning Gaoning, Chairman of Sinochem; Liu Yonghao, Chairman of New Hope Group; Zhou Yuxian, Chairman of China National Building Materials Group; and Yan Zhi, Chairman of ZALL Group ("ZALL").

Yan Zhi, Chairman of ZALL Holdings Ltd (Photo credit: The State Council Information Office of China)

Yan Zhi, Chairman of ZALL shared, "I feel that it is very important, especially during this unprecedented crisis, such as the Covid-19 pandemic, to promote the entrepreneurial spirit which is a mindset that embraces the love for his or her hometown; social responsibility; positive attitude; and innovation. ZALL has managed to grow our footprint across the world underpinned by our values as we ride the wave of globalisation and innovation, and I envisaged this trend to continue."

As one of the first companies in China to operate traditional wholesale markets, logistics, and ports, ZALL has developed Asia's largest B2B offline-to-online trading ecosystem in China and Southeast Asia. Combining online platforms, offline marketplaces and supply chain networks, ZALL empowers customers, merchants and enterprises with access to more convenient, efficient and accurate services, from trading, logistics to property and finance.

"We are developing a new generation of global intelligent trading platform powered by the application of new advanced technologies, such as Artificial Intelligence, Blockchain, Big Data, and modern supply chain management that will become the driving force and catalyst for China's "dual-circulation" economy," added Mr Yan.

ZALL Smart Commerce Group., the global e-commerce entity under ZALL, recently reported that 2020 first half-year revenue grew by 3 per cent year-on-year to reach RMB 35.76 billion (USD 5.24 billion), and achieved net profit of RMB 281 million (USD 41.14 million), despite the impact of the Covid-19 pandemic. Revenues from supply chain management and trading business largely contributed to the Group's total turnover at around RMB 34.96 billion (USD 5.12 billion).

Commodities Intelligence Centre (CIC), Singapore's first physical commodity B2B e-trading platform powered by blockchain technology also saw revenues cross USD 1 billion in its 2020 first-half revenues, surpassing its entire 12 month revenues from 2019. As a joint venture between ZALL Smart Commerce Group Ltd., Singapore Exchange (SGX) and Global eTrade Services (GeTS), CIC offers a global intelligent trading platform to more than a dozen countries, helping companies to reduce transaction costs, optimise the efficiency of their supply chains across cross-border trading, financing, logistics, compliance and risk management; achieving greater trading synergies globally.

ZALL is also one of the nine bidders who made the shortlist for the Singapore wholesale digital banking license with only three licenses set to be awarded by end-2020. The digital bank foray will mark ZALL's fourth major project in Singapore since 2018, as it aims to bridge the funding gap and support the expansion of local SMEs and micro-SMEs into Asia.

With a strong commitment towards social responsibility, ZALL was the first company to activate and mobilise their global supply chain networks and resources to deliver emergency supplies within 48 hours of the lockdown to the Wuhan epicentre. The Group has provided 11 air cargo shipments of medical supplies, including masks, and personal protective gear to 556 hospitals and medical institutions in Hubei province in China, and has setup seven emergency hospitals and three fangcang sheltered hospitals to alleviate the severe hospital bed shortage at the epicentre.

Beyond supporting China's fight against Covid-19, ZALL has stepped up efforts to empower governments around the world in the fight against Covid-19, and has published two e-books that is translated into more than 20 different languages to share their knowledge and experience with fighting the pandemic in China and Wuhan. The Group also donated a total of RMB 185 million of medical supplies to 16 countries and regions around the world, including Singapore and affected countries, such as Japan, France, Czech Republic, Cambodia, Indonesia, Peru, Ecuador as well as Central And West African countries.

"As an entrepreneur, the basic spirit that one must have is to love one's country and hometown, and if one is not even able to love their hometown, we can't really expect them to love anything else," said Yan Zhi.

About ZALL Smart Commerce Group

ZALL Smart Commerce Group is a leading Chinese B2B e-commerce group (ranked 166th of Fortune China 500 companies) with a global footprint across the world and is listed on three exchanges on HKSE, NYSE and SSE. ZALL Group develops and operates Asia's largest B2B offline-to-online trade ecosystem in China and Southeast Asia, including Singapore, with more than 30 B2B platforms in China, US and Singapore, and a GFA of more than 10 million sqm of wholesale trade centres in China. In 2018, ZALL Group achieved a GMV of more than RMB 600 billion (US$85.2 bn), serving over 1 mil SME customers worldwide.

ZALL has also obtained a virtual banking licence and currently operates Z-Bank in China since 2017, one of China's Top 5 digital banks that has supported more than 5.5 million SME and individual customers. For more information, please visit http://en.zallcn.com/

For media queries
PRecious Communications for ZALL

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Accounting & Finance Show Asia 2020 Goes Virtual

SINGAPORE, Sep 11, 2020 – (ACN Newswire) – The Accounting & Finance Show Asia 2020 will run virtually this year at the end of a year of unprecedented disruption. While digital technology has been revolutionising accounting, financial and HR management for many years across Asia, the need for businesses of all sizes to adopt technology and digitise has never been more urgent.

The show, returning for its third year, will look different. It will continue to bring together the latest technology and solutions, the experts, the SMEs, the enterprises, and the accountancy practices. The difference? This year the show will run as a 100% online virtual event to ensure that the accounting and finance community can continue to come together, network, learn from one another and identify solutions to help their business now and for the future.

Attendees will gather virtually, from the comfort of their desks, joining from across the Asia for two days of discovery and learning.

The virtual exhibition hall will feature a wide range of companies, from market leaders through to the latest start-ups showcasing products and services designed to help SMEs, enterprises and accounting firms alike to transform their accounting, financial management, and business processes.

Xero returns once again as the Show's Title Sponsor and will be joined by a range of its app partners, who will present fully integrated solutions in the Xero Connected App Partners Pavilion. Xero and its app partners will also be joined by international giants such as Intuit QuickBooks, DocuSign, Western Union, and Kaplan as well as innovative Asian companies such as Osome, HReasily and Zave.

The exhibition will provide attendees with a unique opportunity to discover and review a wide range of accounting software platforms, ERP solutions, document management systems, payments solutions, payroll software, practice management tools, analytics and reporting technologies and much more.

In addition to the exhibition hall, you will also have the chance to view a wide range of on-demand Tech Demos in our Tech Showcase so that you can compare and review different solutions designed to help digitalize and streamline your business, without leaving your desk or picking up the phone!

Show visitors will not only have access to the virtual exhibition, they will also have the chance to build their own conference agenda from five channels of educational, practical and expert-led content running throughout the two days:

– Digital Innovation
– Accounting Tech: Adopt
– Accounting Tech: Connect & Grow
– Digital Practice
– Cash & Treasury

You will be in fantastic company. With over 4,000 accountants and finance professionals set to attend the show you will be able to connect with other attendees and even set up one-to-one virtual calls, right in the platform, to make business connections, share experiences and learn about the latest solutions available to help your business.

Details of the 2-day Virtual Show are follows:

Accounting & Finance Show Asia 2020
Free Admission
3-4 November 2020
Virtual Conference

About Terrapinn

Terrapinn is an international events media business with 30 years' experience developing best in class conferences and exhibitions across a wide range of key industry verticals. With our global footprint and offices in London, New York, Singapore, Sydney, Dubai and Johannesburg, we've been sparking ideas, innovations and relationships that transform businesses. In Asia we run 17 pan Asian events; Telecoms, Enterprise Technology, Life Sciences, Transportation, Accounting, Logistics, Education and Renewable Energy sectors. Our events attract 1,000-10,000 attendees, in 2020 total attendance across all shows will be in excess of 70,000.

For more information, please contact:
Cindy Thongson
Marketing Executive
Terrapinn Pte Ltd
Tel: (65) 6322 2710
Email: cindy.thongson@terrapinn.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

More Impactful Partnership to Address Asia’s ‘Gathering Food Security Storm’ Urged by Regional Plant Science Industry

SINGAPORE, Sep 1, 2020 – (ACN Newswire) – As the Food and Agriculture Organization (FAO) of the United Nations (UN) convened virtually to begin its Regional Conference for Asia and the Pacific, CropLife Asia took the opportunity to raise the growing threat posed by a number of factors to the region's food supply and the critical need for shared, sustainable solutions driven by stakeholder collaboration across the food value chain.

"Our regional supply of safe and nutritious food is being threatened like never before," said Dr. Siang Hee Tan, CropLife Asia Executive Director. "These unprecedented times call for an unprecedented response — including strong partnership among the region's food supply stakeholders.

"In the fields, regional farmers are contending with limited natural resources, increasingly erratic weather, and a greater number of weeds, diseases and pests with which to contend. Sadly, the COVID-19 pandemic has only added to the pressure on our regional growers as well as the larger food supply chain.

"The meetings this week are a great opportunity to bring our regional food supply stakeholders closer together in delivering shared solutions. It's critical that we use this opportunity to drive more impactful partnership across the food supply chain and meet the challenges posed by the gathering food security storm we face in Asia."

Earlier this year, the UN's 2020 State of Food Security & Nutrition in the World concluded that almost 690 million globally went hungry in 2019. The research also indicated that Asia is home to the greatest number of undernourished people.

In another policy brief released by the UN recently, The Impact of COVID-19 on Food Security and Nutrition, serious concerns were also raised regarding the effect COVID-19 is having globally on the most vulnerable parts of society already experiencing hunger and malnutrition.

Plant science continues to play a crucial role in helping feed our growing global population. Biotech crops are developed with improved traits such as increased yield, better resistance to pests and/or improved nutrition, among others. These traits are important tools that enable farmers to meet global challenges such as food insecurity. Meanwhile, farmers continue to rely on crop protection products to produce more food on less land and raise productivity per hectare. Without crop protection products, 40 percent of global rice and maize harvests could be lost every year and losses for fruits and vegetables could be as high as 50-90 percent.

About CropLife Asia

CropLife Asia is a non-profit society and the regional organization of CropLife International, the voice of the global plant science industry. We advocate a safe, secure food supply, and our vision is food security enabled by innovative agriculture. CropLife Asia supports the work of 15 member associations across the continent and is led by six member companies at the forefront of crop protection, seeds and/or biotechnology research and development. For more information, visit us at www.croplifeasia.org.

For more information please contact:

Duke Hipp
Director, Public Affairs & Strategic Partnerships
CropLife Asia
Tel: +65 6221 1615

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Rimba Raya launches Seruyan River Cleanup Movement 2020

Seruyan, C Kalimantan, INDONESIA, Aug 29, 2020 – (ACN Newswire) – In celebration of World River Day on September 27, Rimba Raya Conservation (Rimba Raya) has partnered with the Seruyan Regency Environmental Agency to launch the Seruyan River Cleanup Movement 2020 #satusampahseribubencana (one waste, one thousand disasters).

Rimba Raya Technical Director Moch. As'ari addressing the opening ceremony at Seruyan River Cleanup Movement 2020

Head of Environmental Agency Priyo Widagdo hitting the gong to mark the opening of Seruyan River Cleanup Movement 2020

The movement was launched with an opening ceremony in the pendopo (official house) of the Seruyan Regent, with the theme "Waste-Free River, Healthy Community, Beautiful Village".

"We believe that this movement will make the people of Seruyan feel more responsible toward their own environment and appreciate the local and the planet's health," said Moch. As'ari, Technical Director of Rimba Raya.

"Our target is to collect 8 tons of waste from 11 villages and two sub-districts all along the Seruyan River," said Sylviana Andhella, Executive Director of Rimba Raya.

During the Seruyan River Cleanup Movement, Rimba Raya will hold several activities. This will include writing and drawing competitions for primary to senior high school students to inspire and encourage the younger generation to be more aware of their environment and the need to protect it.

Rimba Raya will collaborate with Balai TN Tanjung Putting National Park and Orangutan Foundation International (OFI) in these activities, which will be conducted until the final event, on the 17th of September.

At the opening ceremony, the Head of the Seruyan Regency Environmental Agency said, "With this series of activities, we hope to create awareness, and an ongoing motivation to care for the environment and keep the rivers clean. With our continued efforts, we hope that the Seruyan river will become a destination for tourists which will certainly have a positive impact on the economic growth of this region."

Rimba Raya Biodiversity Reserve is a project that focuses on Ecosystem Restoration. It aims to restore and preserve the tropical peat swamp forest which is essential habitat for orangutans and is managed under the principles of ecology, economic and social management.

Rimba Raya acts as a vital buffer zone for TN Tanjung Putting National Park. The project implements initiatives that positively impact 14 villages across two sub-districts (Seruyan Hilir and Danau Sembuluh) in the Seruyan Regency, Central Kalimantan.

Rimba Raya initiatives are developed by InfiniteEARTH with a focus on assisting local communities to improve their economic status and embrace the positive impacts of being a REDD+ project.

"We need to engage and empower local people to actively contribute to preserving the peat swamp forest. If we work together, we can protect mother earth and keep her from harm," said Djonni Andhella, President Director of Rimba Raya.

Rimba Raya empowers local community members to play a role in protecting and conserving the peat forest with a long-term philosophy, "Local Community. Forest. Climate". The project aims to work towards consistently achieving the UN's SDGs, both within the project area and the bordering villages.

In addition to the Seruyan River Cleanup movement, Rimba Raya, in cooperation with the Seruyan Regency Public Health Office, has launched the Floating Clinic Initiative aiming to provide health services to communities along the Seruyan River. These services include general public health, prenatal care, pediatric care for children, as well as improved nutritional advice and supplies.

To build awareness, we have also introduced a 'Peatland Education Program' for primary school students, conducted in cooperation with the Peatland Restoration Agency.

All the proposed activities are conducted in accordance with COVID-19 health protocols which include social distancing, the wearing of protective masks and no mass crowding.

Frita Junita
Communication Officer, Rimba Raya Conservation
Email: rimbarayajakarta@gmail.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Pactera and Eutech Form Partnership

SINGAPORE, Aug 25, 2020 – (ACN Newswire) – Pactera, a leading IT solution company with 25 years of history and nearly 30,000 employees, and Eutech today jointly announced a partnership to bring smart building and workplace design solutions to clients in the Asia Pacific and Oceania region.

Collaboration between Pactera OctoIoT and Eutech IVIVA

The partnership brings together the proven Pactera OctoIoT platform and unique data management technique with Eutech IVIVA, a workplace cloud that provides a broad range of applications and technologies for the implementation of solutions for the Digital Workplace, Smart Buildings and Smart Precincts.

"We are very pleased to enter the strategic Asia Pacific and Oceania partnership with Eutech, which provides a variety of digital transformation solutions for the global real estate and building market," stated JinSong Li, Executive Vice President, General Manager of APAC Business Group, Pactera. "Pactera has a broad regional presence and in-depth localized capabilities for IT and consulting. Leveraged by Eutech's industry-leading digital solutions, we firmly believe that our new partnership with Eutech will support clients' digital transformations and bring new value to the marketplace."

Under this partnership, together Pactera and Eutech will help clients utilize the solutions that deliver step-change improvements in productivity, cost, and efficiency over the entire building life cycle. The partnership brings extensive Pactera's experience in IoT implementation, IT consulting, and digital transformation, combined with the Eutech IVIVA platform enabling smart, interactive environments that delight tenants and visitors.

"Organisations are increasingly looking to connect their physical and digital workspaces to enable a more resilient and productive workplace," said Dr. Hari Gunasingham, Founder and CEO, Eutech. "Eutech's mission is to enable this by redefining the way people, places, and things interact. Our partnership with Pactera is a key initiative in this mission. We are looking to co-innovate and co-create disruptive workplace solutions that bring together Pactera's leading-edge technologies and capabilities in IoT and AI, and Eutech's IVIVA Workplace Cloud."

About Pactera

Pactera is a Global Technology company with 29,000 employees worldwide committed to delivering Digital-themed consulting, UX interaction, IT implementation and Operations services to customers. Pactera creates business value for Fortune 2000 companies by accelerating business innovation, enabling new growth, improving operational efficiency and transforming the user experience.

Website: https://apac.pactera.com
CONTACT: info_apac@pactera.com

About Eutech

Eutech is a global software company specializing in the design, development and implementation of next-generation solutions and services for the global construction and real estate industries. Eutech's product portfolio includes IVIVA, a Workplace Cloud that brings together a broad range of applications and technologies for the implementation of solutions for the Digital Workplace, Smart Buildings and Smart Precincts. Eutech is headquartered in Singapore, with operations across Asia, Australia, the Middle East, and Europe. The company has implemented over 300 million square feet of projects.

Website: https://www.iviva.com
CONTACT: info@ecyber.com

Related Images
Collaboration between Pactera OctoIoT and Eutech IVIVA

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62124

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

INDONESIA: BUMN Go Global is the Accurate Strategy in Midst of Pandemic

JAKARTA, Aug 21, 2020 – (ACN Newswire) – Christovita Wiloto, Founder of IYE! Indonesian Young Entrepreneurs, believes that the BUMN Go Global strategy issued by the Minister of State Owned Enterprises (BUMN) is exactly what Indonesia needs right now, especially in the midst of a global economic recession due to the Covid-19 pandemic.

State-Owned Enterprises (BUMN) Minister Erick Thohir(R) and BUMN Deputy Minister Budi Gunadi Sadikin in Jakarta, Wed (8/19/20). (Antara Photos / Adam Bariq)

Indonesia Young Entrepreneurs, otherwise known as IYE!, is a global network of young Indonesians with entrepreneurial spirit across all industries. With over 50,000 members based all around the world, this organization acts as a platform to bring together young minds that are resilient and have integrity.

"The launch of the BUMN Go Global strategy as we enter a world recession due to the Covid-19 pandemic is very timely. Even countries as strong as the United States and China have been overwhelmed by this mega disruption. These new circumstances level the playing field so that countries are now in a position of equal opportunities within the global business playing field," explained Christovita Wiloto.

Known as a reliable global entrepreneur with an extensive international network, BUMN Minister Erick Thohir is believed to be able to direct BUMNs to be more active on a global scale.

"Under the leadership of Erick Thohir, the opportunities for SOEs to be more active at the global level has widened through the BUMN Go Global program," Christov said.

BUMN Minister Erick Thohir and Minister of Foreign Affairs Retno Marsudi initiated the BUMN Go Global economic diplomacy program. The goal of the program is to improve Indonesia's supply chain. BUMNs are encouraged to acquire foreign companies, many of which are beginning to stagger during this time of global recession.

State-Owned Enterprises Minister Erick Thohir explained that the BUMN GO Global program is an effort to develop and uplift the Indonesian business world towards the international level. He said there were two big goals of the program, which includes marketing BUMN products as well as improving supply chains in Indonesia.

"So this is not a program that is just for show. But it really has to be able to improve the ecosystem of our nation," said Erick.

From the marketing side, Erick said that Indonesia's state-owned companies currently already have various products that are recognized by various countries. Examples of products that are already well known in other countries include vaccines produced by Biofarma as well as products of the defense industry, and these can be improved even more.

Christov also observed that there are actually quite a number of Indonesian state-owned companies that have already successfully penetrated the global market. These companies include Telkomcel, PT Bank Negara Indonesia (Persero) Tbk, Bank BRI, Bank Mandiri, PT Semen Indonesia (Persero) Tbk., PT Pertamina (Persero), PT Wijaya Karya (Persero) Tbk., Kimia Farma Dawaa, and many more.

"But it is not enough that BUMN Go Global, we also want to participate in improving the supply chain in Indonesia. We know that, so far, Indonesia has only been a market for other global companies, but how long will this go on? What we can expect from acquiring several global companies overseas is a simple objective, namely to improve Indonesia's supply chain," Erick asserted.

Erick further said that Indonesia actually has two advantages, namely a large market and rich natural resources. However, on the other hand, Indonesia is still facing challenges related to logistics and technology. For that reason, these are the areas that he intends to fix.

For more information, please contact:
PowerPR | Indonesia Investment Forum

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKTDC Summer Sourcing Weeks | Go ONLINE builds a business success

HONG KONG, Aug 12, 2020 – (ACN Newswire) – The COVID-19 pandemic has led to physical exhibitions around the world being cancelled or postponed. However, despite this impediment to economic activity, sourcing demand has continued to grow. The Hong Kong Trade Development Council (HKTDC) acted swiftly to change its strategy at the onset of the pandemic, actively developing new business channels and services. The HKTDC's most recent online exhibition has concluded successfully, laying the foundation for a future hybrid model that combines physical and online trade fairs.

Summer Sourcing Weeks | Go ONLINE, an online trade fair organised by the Hong Kong Trade Development Council, concluded on 7 August, attracting more than 13,000 registered quality buyers from 118 countries and regions.

Over 4,500 video meetings were arranged during the online exhibition for buyers and exhibitors to forge collaborations amid the global pandemic.

Multiple webinars and online symposiums were held, including "Tech Trends Symposium 2020 – The Future of Intelligent Connectivity", "Asian Lighting Forum 2020 – Shaping the Future of Lights" and "WGSN Presents: Lifestyle & Interiors Trends Spring/Summer 2021", attracting more than 31,000 views.

In view of the pandemic, nine of the HKTDC's planned physical exhibitions (see below) were migrated to an online exhibition, Summer Sourcing Weeks | Go ONLINE. The exhibition employed innovative online solutions which combined key elements of business matching from physical fairs to facilitate business discussions between buyers and exhibitors.

Benjamin Chau, HKTDC Deputy Executive Director, said: "The uncertainties created by the COVID-19 pandemic have led more small and medium-sized enterprises (SMEs) to focus on online promotions and operations, which has quickly become the 'new normal' for conducting business. Given that the pandemic has prevented buyers and exhibitors from meeting in person, the HKTDC has introduced online business matching to enable networking and deal-making."

Click2Match, the business matching platform employed at Summer Sourcing Weeks | Go ONLINE, used big data and artificial intelligence (AI) to automatically match exhibitors with prospective buyers, enabling both parties to forge closer business connections. The HKTDC also leveraged the strong business networks of its 50 global offices and the support of its Hong Kong team to offer real-time assistance to buyers and exhibitors, enhancing their confidence and readiness to discuss business online. The expertise of HKTDC colleagues combined with sophisticated technologies led to a successful outcome, with more than 4,500 video meetings arranged.

Summer Sourcing Weeks | Go ONLINE creates global sourcing opportunities

Summer Sourcing Weeks | Go ONLINE concluded on a high note on 7 August. The online exhibition featured more than 1,300 exhibitors and attracted over 13,000 registered quality buyers from 118 countries and regions. During the fair period, multiple webinars were held to enable global suppliers and buyers to stay abreast of the latest market intelligence amid the pandemic, attracting more than 31,000 views. The most popular webinars included "Tech Trends Symposium 2020 – The Future of Intelligent Connectivity", "Asian Lighting Forum 2020 – Shaping the Future of Lights" and "WGSN Presents: Lifestyle & Interiors Trends Spring/Summer 2021". Summer Sourcing Weeks | Go ONLINE also boosted traffic to the online hktdc.com Sourcing platform, with the number of page views reaching 1.5 million, a year-on-year increase of 60%.

Gifts and lighting the most-searched products

The majority of overseas buyers joining the online exhibition came from Mainland China, India, Indonesia, Japan, the Philippines, Singapore and the United States, confirming the global nature of the exhibition. In addition, the HKTDC invited numerous major buyers to participate through the online platform, including representatives from Sichuan Impression Property Group Co Ltd, Guangdong Sanyuan McDonald's Food Company Limited, and Chengdu Ito Yokado Electronic Commerce Co Ltd from the Mainland; Eslite Spectrum from Taiwan; Amazon India; Singapore's Lightcraft Pte Ltd; Supervalu Inc and NeweggBusiness Inc from the US; Elgin from Brazil; and local representatives from Gap International Sourcing Limited.

Analysing the consolidated figures for the online exhibition, the product categories most searched for were, in order of popularity, gifts, lighting, medical and healthcare products, mobile phones and accessories, desktop organisers, clocks, audio speakers, watches, backpacks, and auto parts and accessories.

Online exhibition boosts business deals

Summer Sourcing Weeks | Go ONLINE featured the Click2Match business matching platform, using multiple new technologies to enhance matching efficiency. It also covered meeting scheduling, video meeting, live chat and online seminars run by industry experts, all of which helped to provide a better online sourcing and networking experience for buyers and exhibitors. Participants on both sides agreed that the online exhibition helped them connect and continue making deals in the face of a difficult trading environment.

Jun Wong, Managing Director of fashion manufacturer MsEnvy Corporation Limited, said her company had successfully connected with new customers through the platform. "The unique Click2Match business matching platform in Summer Sourcing Weeks | Go Online is a timely and effective tool that has helped us to find potential buyers amid the pandemic. A Japanese retailer and a buyer from the United Arab Emirates expressed their interests in buying our new collections based on their patterns. We expect that the initial orders from these two new buyers will amount to US$50,000," Ms Wong said.

Mainland Chinese manufacturer Ningbao Hongyi Garment Co Ltd showcased its "Alice in the Wonderland" collection through the online exhibition. Pearl Yu, the company's General Manager, said: "We have successfully connected with three new buyers via the Click2Match platform. A buyer from the Netherlands sourcing promotional gifts wants us to produce homewear based on his own designs – an order valued at US$50,000," Ms Yu said.

Ognjen Vucic, Managing Director of Linea Media from Montenegro, said: "Building trust with new suppliers during the lockdown period has been difficult for buyers. The HKTDC's innovative Click2Match customised business matching platform has made it much easier to make connections and is likely to facilitate orders worth around US$50,000 for our company."

Survey: buyers still want physical fairs

The HKTDC conducted an online survey during the fair period which found that more than 70% of exhibitors were participating in an online exhibition for the first time. Nearly 70% of exhibitors surveyed said they achieved their objectives for joining the fair, including generating new sales leads and meeting new customers, leveraging online platforms to promote and launch new products, as well as promoting their company image and brand. Over 40% of respondents agreed that they will utilise both online and offline channels for future promotions.

For buyers, 80% of those surveyed indicated they were participating in an online exhibition for the first time, while 80% of respondents said their objectives for joining the fair were achieved, including finding new products and suppliers, gathering market intelligence and gauging product trends. Over 80% of buyers surveyed found the communication tools of Click2Match useful for connecting with exhibitors, saying that the exhibitors referred by AI largely matched their product and service areas (84%).

Moreover, nearly 70% of buyers said they would consider participating in the HKTDC's physical fairs again in the coming 12 months, showing that physical events remain crucial for buyers and exhibitors to establish connections and build trust during trading. Additionally, nearly half (46%) of the buyers surveyed consider the hybrid online and offline model to be the future trend for sourcing.

HKTDC upgrades digital sourcing platform

Mr Chau noted that the global sourcing model is becoming more focused on digital solutions following the pandemic, and it is envisaged that an online and offline hybrid model will be adopted for future HKTDC trade exhibitions. The HKTDC's online sourcing platform, hktdc.com Sourcing, provided the perfect complement to Summer Sourcing Weeks | Go ONLINE. While the former offers a year-round online showcase for suppliers, the online exhibition brought together suppliers and buyers for specific collaborations.

As the pandemic persists, the HKTDC will organise its next online exhibition, Autumn Sourcing Week | ONLINE, in November. Meanwhile, it is also working to upgrade the hktdc.com Sourcing platform, using advanced technological solutions to enhance matching efficiency and ensure that SMEs can continue to make deals during the peak sourcing season.

* The nine physical exhibitions that were switched to the Summer Sourcing Weeks | Go ONLINE include the HKTDC Hong Kong International Lighting Fair (Spring Edition), HKTDC Hong Kong Electronics Fair (Spring Edition), HKTDC International ICT Expo, Hong Kong International Medical and Healthcare Fair, HKTDC Hong Kong Houseware Fair, HKTDC Hong Kong International Home Textiles and Furnishings Fair, HKTDC Hong Kong Fashion Week, HKTDC Hong Kong Gifts & Premium Fair, and the Hong Kong International Printing & Packaging Fair.

To see more comments from exhibitors and buyers, please visit: https://bit.ly/3fMeCOl

Summer Sourcing Weeks | Go ONLINE official website: https://ssw.hktdc.com/
HKTDC Media Room: http://mediaroom.hktdc.com
Please download more photos from here https://tinyurl.com/y2ck3bez


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 trade publications, research reports and digital news channels. For more information, please visit: http://www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Christine Kam, Tel: +852 2584 4514, Email: christine.kam@hktdc.org Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Software AG partners with Universitas Gajah Mada (UGM) to drive digitalization in Indonesian Government Sector

Yogyakarta, Indonesia, Aug 10, 2020 – (ACN Newswire) – Software AG has announced a strategic partnership with Universitas Gajah Mada (UGM), Indonesia's leading public University, to drive digitalization in the Indonesian Government Sector and prime UGM graduates entering the job market. The partnership will begin with two initial steps:

The first, an Educational Webinar on August 14, open to all government officials.

Software AG and UGM will host a Webinar on Digital Transformation in the Indonesian Government Sector.
UGM will present their most recent findings, including challenges to the digitalization efforts of government bodies in Indonesia, and recommend strategies for a fast start to becoming a truly digitalized government.
Software AG will showcase highly relevant use cases from various government bodies in the US, UK, Germany, Singapore and Australia.

The second step is an Academic Partnership.

Software AG will provide a market-oriented education through UGM, giving graduates entering the job market an excellent head start, forming an integral and critical part of the digital transformation of the nation.

Prof Ir Panut Mulyono, Rector of UGM, said, "A close collaboration between the private sector and academia is essential. This is in line with our Minister of Education and Culture Nadiem Makarim's Independent Campus Policy, where universities are encouraged to develop partnerships with world class companies. With the upcoming Webinar, we provide thought leadership, views and ideas for the government sector to digitally transform in a safe and sustainable way; and with the Academic Partnership we are upskilling our students to support this transformation with a highly qualified workforce in the future."

Anneliese Schulz, President of Software AG Asia Pacific Japan, said, "What excites me the most is the opportunity to support upskilling student talent into world class tech professionals, who will contribute to the development of the nation. And when we look into government digitalization efforts in Indonesia and elsewhere, integration is a key enabler to modernize and innovate. As the world leading integration technology provider, we can share proven use cases from various sectors as well as the key learning from government bodies worldwide which will benefit Indonesia greatly."

The Ministry of Administrative Reform measured the e-government maturity level over 616 government institutions in 2018, and concluded that a majority of government institutions have been implementing e-services, particularly for internal work. However, these e-services share common problems: lack of integration, unsustainability, and low use, pointing to an absence of integrated and holistic policy, and partial planning and strategies in implementing e-government. Before 2018, there was no guidance and standard to develop e-services. As a result, "many government institutions in Indonesia have only developed partial e-services, even in the sake of innovation." (GovAsia https://tinyurl.com/yyvsn3k6)

About UGM
Gadjah Mada University is a public research university located in Yogyakarta, Indonesia. Officially founded on 19 Dec 1949, UGM is one of the oldest and largest institutions of higher education in the country, and among the best in many areas. Following its internationalisation programme, the setting at UGM continues to grow in an Indonesian as well as international atmosphere.

About Software AG
We reimagine integration, spark business transformation and enable fast innovation on the Internet of Things so you can pioneer differentiating business models. We give you the freedom to connect and integrate any technology – from app to edge. We help you free data from silos so it's shareable, usable and powerful – enabling you to make the best decisions and unlock entirely new possibilities for growth. Learn more about Software AG and Freedom-as-a-Service at www.softwareag.com.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

INDONESIA: Finding the Right Momentum for ‘BUMN Go Global’

JAKARTA, Aug 6, 2020 – (ACN Newswire) – Indonesian Minister of BUMN (State-Owned Enterprises) Erick Thohir, promoting the vision behind his BUMN Go Global program and cooperation between the ministries required to make the program work, has been articulate in encouraging the country's massive State-Owned Enterprise (SOE) sector, presently more than 100 companies and 800,000 employees, into action towards developing more rapidly in the global business arena, while inking a Memorandum of Understanding (MoU) for Economic Diplomacy and Support of the program with Retno Marsudi, the Minister of Foreign Affairs.

JAKARTA – The Minister of BUMN (SOEs) Erik Thohir[L] and Minister of Foreign Affairs Retno Marsudi[R] signing an MoU in Economic Diplomacy for the 'BUMN Go Global' program. (July 17)

Based on dynamic data collected from key govt representatives, Indonesia's SOE sector accounted for some US$17.5 billion in outbound investment last year, commercially reaching around the world, but as Erick Thohir points out, without any particular strategy. The Go Global agreement between the ministries is expected to remedy this situation, increase the value of SOE investments abroad, and encourage the country's export performance. In addition, the cooperation area also includes match making efforts between SOEs and foreign investors interested in making inbound investments into Indonesia in accordance with their sectors of interest.

"BUMN launched its Go Global program to support Indonesia's Supply Chain in marketing products in strategic markets. Now this is a special momentum because there is a common awareness and vision to encourage the development of BUMN (SOEs) in the global market, so as to increase the number of SOE outbound transactions and investment value, and advance Indonesia's leadership abroad," says BUMN Minister Thohir, at 50, one of the youngest members of Jokowi's second cabinet, and a successful media tycoon known internationally for his former ownership of football teams D.C. United and Inter Milan.

So far, several State-Owned Enterprises have ventured overseas, among them PT INKA, which has established a joint railroad project with the Bangladesh government, defense SOEs that export various products such as the Elite G2 Pistol, Bullet Ammunition, Medium Tanks, Cargo Ships, CN 235-220 Planes, and others. In addition, Bio Farma has produced and marketed polio vaccines in various countries such as Angola, Somalia and Ethiopia.

To achieve Erick Thohir's lofty BUMN goals, the two Ministries agreed to the possibility of forming a tactical team consisting of representatives of the two Ministries as well as BUMN representatives who have the readiness and capacity to carry out outbound investment. This special tactical team will collaborate as exploratory partners in identifying investment opportunities and access to capital through to the implementation of investments and the protection of Indonesian investments abroad. The MoU is valid for up to four years, and will be regularly monitored and evaluated.

"The formation of the Go Global Joint SOE Team between the Ministry of Foreign Affairs and the Ministry of SOEs is intended to synergize the development of SOEs in the global market and increase cooperation with strategic partners," says Foreign Affairs Minister, Retno Marsudi. "It is hoped that the cooperation and assistance regarding economic diplomacy can expand the partnership network, the potential for BUMN investment and the opportunity to market SOE products on the international scene."

"Thus, the BUMN Go Global program has two main objectives," says Erick Thohir. "The first objective is to market SOE products that have already established some demand in multiple countries or markets, while the second objective is to improve the Supply Chain in Indonesia. In the past, Indonesia was only ever seen and treated as a domestic market. The BUMN Go Global program also hopes to help facilitate SOEs in acquiring enterprises in foreign countries. This will in turn ultimately rectify the supply chain in Indonesia."

Christovita Wiloto, Founder of IYE! (Indonesian Young Entrepreneurs), is optimistic about the BUMN Go Global strategy, saying, "It's about time that Indonesia's State Owned Enterprises go global and it's only natural that we are no longer satisfied only competing domestically. While it's true that our domestic market is full of potential and should not be neglected, Go Global is the strategy that should be implemented as soon as possible so that Indonesia may not only survive, but thrive."

Indonesia Young Entrepreneurs, known as IYE!, is a global network of young Indonesians with entrepreneurial spirit, across all industries. With over 50,000 members based around the world, the IYE! organization acts as a platform to bring together young minds that are resilient and have integrity. In regards to the BUMN Go Global strategy, Christov asserts that SOEs and the business world in Indonesia are ready and more than capable of competing at the global level.

What we urgently need is to solidify a clear and consistent strategy that will give guidance to the Go Global program. The steps that the Ministry of BUMN and the Ministry of Foreign Affairs have taken have been celebrated by tens of thousands of Indonesian Young Entrepreneurs across Indonesia, who are already fighting to break into the global market with a plethora of goods and services that they have continued to develop and perfect, Christov emphasized.

"The Go Global strategy has the potential to lift the standard of quality among Indonesian businesses in all aspects, whether it be integrity of individual character to the sophistication of the goods and services themselves. At the same time, this program will introduce a variety of disruptions in all aspects, which will work to turn the wheels of revolution within the world of business in Indonesia, in an integrated manner," Christov further explained. "Strike while the iron is hot: taking advantage of the moment, when the momentum is right in Indonesia."

BUMN Minister Erick Thohir believes that the country has reached a stage with a special momentum in its capacity to develop SOEs for the global market, and to advance Indonesia's leadership in the international arena. The factors supporting this are, among others, a common awareness and vision to encourage the development of SOEs in the global market, which acts to increase the number of transactions and the value of outbound SOE investment, as well as advance Indonesia's leadership abroad.

Collaboration between Indonesian government agencies has been intensified by the recent Onward Indonesia Cabinet, so the Indonesian economy will have the power to recover quickly following the COVID-19 pandemic. Moreover, this collaboration is further fortified by an aggressive strategy which ensures that every step taken promotes Indonesian competitiveness in an increasingly fierce global market.

For more information, please contact:
PowerPR | Indonesia Investment Forum

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com