Malabar Gold & Diamonds Continues Rapid Expansion; Opens its 300th Global Showroom in Dallas, USA

DALLAS, TX, Feb 4, 2023 – (ACN Newswire) – The grand inauguration of the 300th global showroom of Malabar Gold & Diamonds, the 6th largest jewellery retailer globally with a strong retail network of 300 showrooms across 10 countries, was held in Dallas, USA.



Ms. Susan Fletcher, Collin County Commissioner and Mr. Jeff Cheney, Mayor of Frisco, Texas, jointly inaugurated the showroom in the presence of Mr. Shamlal Ahamed, Managing Director, International Operations. The event was virtually attended by Mr. M P Ahammed, Chairman, Malabar Group; Mr. KP Abdul Salam, Vice-Chairman, Malabar Group; Mr. O Asher, Managing Director, India Operations, other team members, well-wishers and dignitaries.

"It is a moment of great pride for us as we touch the 300th mark with this new showroom in Dallas, USA. We started off with a small showroom in Calicut, Kerala, India and today, in less than 30 years, we have a strong retail presence of 300 showrooms across 10 countries; all thanks to our customers, shareholders, employees and other stakeholders. We will continue to strengthen our retail presence in the regions where we have established a robust presence, as well as enter new markets with our differentiated products, services and assurances. The acceptance and patronage received by the brand gives us the confidence to further speed up the expansion process in becoming the No. 1 jewellery retailer globally," said Mr. MP Ahammed, Chairman, Malabar Group.

Malabar Gold & Diamonds currently operates in 10 countries and has immediate expansion plans into the UK, Bangladesh, Australia, Egypt, Canada, Turkey, South Africa. The future expansions are expected to create approximately 6,000 job opportunities in the retail, manufacturing, technical and management areas related to jewellery trade.

"Malabar Gold & Diamonds has played a vital role in making Indian jewellery more acceptable and trustworthy at the global level in recent years. We are now crafting unique experiences targeting the individual and specific preferences of our customers. As the design discovery and initial decision-making of most customers are happening online these days, we are focusing greatly on strengthening our omnichannel retail strategy, for which we are making use of the services of global technology giants like Microsoft, IBM, Accenture, E&Y, Deloitte etc..," said Mr. Abdul Salam KP, Vice Chairman, Malabar Group.

Malabar Gold & Diamonds is renowned globally for offering an unparalleled jewellery buying experience with convenience, and customer-friendly policies along with the 'Malabar Promise' of incomparable quality and service assurance. Malabar Promise includes assured lifetime maintenance from any of the showrooms across 10 countries, guaranteed buyback, IGI and GIA-certified diamonds ensuring 28-point quality check of global standards, zero deduction gold exchange, complete transparency, 916 hallmarked pure gold, responsible sourcing, fair price policy and fair labour practices.

"We are very excited about our future growth plan and will immediately be expanding into new markets, including the UK, Bangladesh, Australia and Canada, followed by Egypt, Turkey & South Africa. Apart from this, we will further strengthen our retail footprint within the existing markets as well. We constantly make efforts to evolve in line with the diverse preferences of our multicultural and multinational customers, as part of which we will focus further on product variety and a superior shopping experience, in addition to opening more stand-alone stores for local customers of the respective regions," said Mr. Shamlal Ahamed, Managing Director, International Operations, Malabar Gold & Diamonds.

The new showroom in Dallas has a stunning display of more than 30,000 jewellery designs from 20 countries across gold, diamonds, precious gems and platinum, catering to the design preferences of those residing in and around Dallas.

"We have an ambitious retail expansion plan in India as well, especially in the North and Central Indian states and are gearing up in a big way to enter new territories as well by setting higher standards in the jewellery trade. We understand the sensitivity of the industry and ensure compliance through responsible sourcing, ethical business practices, and transparent and professional fund management. Our association with trade bodies, financial houses, and government regulators help to ensure that our operations are infallible globally," said Mr. O Asher, Managing Director, India Operations, Malabar Gold & Diamonds.

"We will further strengthen our manufacturing capabilities to support our retail expansion drive globally. We will also be hiring skilled artisans and related staff as part of this process. This will also further bolster our mission, 'Make in India, Market to the World.' Keeping in line with the brand's outlook as a responsible jeweller, all our ongoing and upcoming facilities have and will be designed to provide safe and pleasant working conditions to the employees," said Mr. Nishad AK, Group Executive Director, Manufacturing & B2B, Malabar Group.

Malabar Group believes that the most successful companies are those which integrate responsibility and sustainability into their core business and commit 5% of their profit to support socially responsible purposes both in India and abroad, since its inception in 1993. Hunger, Health, Education, Women Empowerment, Housing and Environment are the key focus areas for the Group.

About Malabar Gold & Diamonds

Malabar Gold & Diamonds was established in 1993 and is the flagship company of Malabar Group, a leading diversified Indian business conglomerate.

With an annual turnover of $4.1 billion, the company currently ranks as the 6th largest jewellery retailer globally and today has a strong retail network of 300 outlets spread across 10 countries in addition to multiple offices, design centers, wholesale units and factories spread across India, Middle East, Far East & USA. The group, owned by more than 4,000 shareholders, has more than 16,500 professionals from over 26 countries working towards its continued success. Malabar Gold & Diamonds also features an online store www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favorite jewelry at any time and on any day from the comfort of their homes.

The group also operates MGD, Lifestyle Jewellery, a retail concept offering trendy and light weight jewellery that represents the independent and the modern woman through its designs and collections.

CSR has been the primary commitment of the group since its inception; integrating ESG (Environmental, Social & Governance) principles into the core business. The key CSR focus areas of Malabar Group are Hunger, Health, Education, Women Empowerment, Housing, and the Environment. The ESG goals of the organization are periodically strengthened by integrating responsibility and sustainability to remain a socially conscious and responsible organization. The group contributes 5% of its profit to such initiatives in the same country of operation.

Ganesh Somwanshi
ganesh@bloomingdalepr.com
Managing Director- APAC

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

Society Pass (Nasdaq: SOPA) Engages ThinkEquity to Facilitate Stock Repurchase Program of Up to US$2 Million Commencing on 01 February 2023

SINGAPORE, Feb 1, 2023 – (ACN Newswire) – Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that its Board of Directors has approved a stock repurchase program authorising the repurchase of up to US$2 million of its common stock, commencing on 01 February 2023.

Dennis Nguyen, Founder, Chairman and Chief Executive Officer, comments, "We are pleased to announce the approval of this share repurchase program, providing us with a significant tool to generate shareholder value. As of 31 December 2022, SoPa has approximately US$19 mn of cash and zero long-term debt. Given our closing stock price of $1.11 on 31 January 2023, our current undervalued market capitalisation presents an extremely attractive opportunity to buy our common shares at a significant discount to their intrinsic value. Our well capitalised cash position, which translates into approximately $0.70 per share, and strong revenue generation allow SoPa to build out our next generation fintech and e-commerce ecosystem in SEA through paradigm shifting acquisitions and fund this stock repurchase program."

The Company engaged ThinkEquity LLC to purchase shares of the Company's common stock from time to time in the open market at prevailing market prices, in privately negotiated transactions or other means in compliance with applicable federal securities laws. The timing and amount of stock repurchases under the program, if any, will be at the discretion of management, and will depend on a variety of factors, including price, available cash, general business and market conditions and other investment opportunities. Any shares acquired will be available for general corporate purposes. Information regarding share repurchases will be available in the Company's periodic reports on Form 10-Q and 10-K filed with the Securities and Exchange Commission or as otherwise required by applicable federal securities laws. The Company had approximately 26.6 million shares outstanding as of 20 January 2023.

About Society Pass Inc.

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

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

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

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

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

Cautionary Note Concerning Forward-Looking Statements

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

Media Contacts:
PRecious Communications
sopa@preciouscomms.com

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

Job Market in Malaysia Thrives with 65% Increase in Retail Hiring: foundit Insights Tracker

KUALA LUMPUR, Feb 1, 2023 – (ACN Newswire) – Malaysia recorded a robust 21% year-on-year growth in e-recruitment activity in December '22 compared to the same month a year ago, according to the foundit Insights Tracker (fit), formerly published as Monster Employment Index (MEI). The growth is attributed to the country easing travel restrictions and opening its borders. The company Monster APAC & Middle East was rebranded as foundit in 'December 2022.

The Index stands at 76 with 3% month-on-month growth, driving a spree in hiring activity in December '22. According to fit, the job market has shown noteworthy growth month over month, projecting a continuous demand in the job market. Moreover, over the last three months, there has been a robust 10% growth in hiring across sectors, indicating a persistent demand in the labour market.

The retail industry experienced an impressive 65% increase in hiring activity year-over-year, primarily due to robust retail sales and an upward trend in consumer sentiment. The easing of Covid rules and regulations, fast-growing retail business, along with borders reopening to boost import/export and resume travel have aided the boost in retail jobs. Similar trends were observed in the hospitality sector, where job demand increased significantly by 55%. With a 34% increase in hiring activity, the BFSI sector also maintained its upward trend.

Commenting on job trends for December 2022, Sekhar Garisa, CEO, foundit APAC & ME, said, "The job market in Malaysia is showing strong and sustained demand, as reflected in the impressive growth numbers reported by the foundit Insights Tracker. This is a testament to the country's success in easing travel restrictions and reopening its borders, which has led to a surge in demand across various sectors, particularly in retail, hospitality, and BFSI. The overall picture is of resilience and growth, even though some sectors have experienced difficulties due to global economic uncertainty. We believe that this trend will persist in the upcoming months."

Other sectors that showed encouraging growth in December '22 are Logistic, Courier/ Freight/ Transportation, Shipping/ Marine (+32%), Oil and Gas (+1%), Production/Manufacturing, Automotive and Ancillary (+2%) and Engineering, Construction and Real Estate (+2%) sector from the year-ago level. The advertising, Market Research, Public Relations, Media and Entertainment industry also saw tremendous growth (+15%) in December 22, led by a surge in digital marketing initiatives and artificial intelligence (AI) deployment.

While the Index reflects a year-on-year hiring dip in IT, Telecom/ISP, and BPO/ITES by 13%, the monthly hiring demand in the sector has seen a notable increase. However, hiring in this sector has slowed in recent months, primarily due to ongoing global economic uncertainties.

Online recruitment surpassed the year-ago level in 8 of the 9 occupation groups monitored by the tracker, with Hospitality & Travel leading the charge at (+212%). This is due to the opening of land and air borders as the country has completely eased out of the Covid-19 pandemic and opened its land borders with Singapore. This factor has also contributed to the positive growth in Sales & Business Development job roles (+28%). The increased penetration of digitization across all sectors, followed by a pickup in Finance & Accounts (+29%) roles, registered an increased demand and has maintained resolute growth rates since April '21. However, among all monitored functions, customer service is the only one to have registered a de-growth of 17% in December '22.

The foundit Insights Tracker is a comprehensive monthly analysis of online job posting activity conducted by foundit. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, the foundit Insights Tracker (FIT) presents a snapshot of employer online recruitment activity nationwide.

Period for the report
The period considered for the foundit Insights Tracker (fit) data is 1st to 31st December, 2022.

About foundit – APAC & Middle East

foundit, formerly Monster (APAC & ME), is a leading talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. Since its inception, the company has assisted over 75 million registered users to find jobs, upskill, and connect with the right opportunities across 18 countries. Over the last two decades, the company has been a catalyst in the world of recruitment solutions with advanced technology, seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalized job searches, and precision hiring. foundit strongly believes that a job title doesn't define one's potential and leverages technology to dig deeper to curate opportunities central to the needs and aspirations of each user.

To learn more, about foundit in APAC & Gulf,

Visit: www.foundit.my | https://www.foundit.in| https://www.founditgulf.com | https://www.foundit.sg | www.foundit.com.ph | www.foundit.com.hk | https://www.foundit.id

Contact:
Namrata Sharma
Namrata.sharma@adfactorspr.com
+6581383034

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

Institutional Analyst: Society Pass (Nasdaq: SOPA) Acquiring and Incubating Startups in the Heart of the Asian Silicon Valley

SINGAPORE, Jan 25, 2023 – (ACN Newswire) – Institutional Analyst Inc ("Institutional Analyst") issues Equity Research Report on Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem.

Click here to view the full Institutional Analyst Equity Research Report. https://internetstockreview.com/initiating-coverage-on-society-pass-sopa/

Summary Points:

– Southeast Asia: the Asian Silicon Valley – SEA, including Indonesia, Philippines, Singapore, Thailand, and VietNam much like Northern CA, is widely known for having 100's of thousands of well-educated, technology-savvy entrepreneurs. In sum, there are thousands of companies that could potentially be acquired, partially acquired, or incubated by Society Pass to generate shareholder value.

– Visionary and experienced founder – Led by Dennis Nguyen, a University of Chicago Booth School of Business MBA graduate and entrepreneur, and former mergers and acquisition Investment Banker at Citigroup, Credit Agricole Indosuez, and Daiwa Securities. His over 25 years of Asia-based investment banking and venture capital experience, along with his team of bankers in identifying and bringing fast-growing technology start-ups to the acquisition negotiating table, creates a true sky-is-the-limit operating scenario.

– Strong revenue generation in 2023 – Operating at breakneck speed to take advantage of the market turbulence over the past few years and currently, SoPa's acquisitions-focused business model has quickly assembled a portfolio of seven exciting and growing companies, each exhibiting breakthrough potential to generate over US$100 million in group sales in 2023.

– Huge and growing user and merchant base – SoPa's seven portfolio companies have amassed 3.3 million registered users and 205,000 registered merchants.

– Healthy balance sheet and strong cash levels – Currently, SoPa has nearly $20 million in cash, compared to a market capitalization of just $26 million today. It's worthy to note Mr. Nguyen controls 7.7 million shares and has voting control of over 70% of the shares.

– Strong technology and marketing teams – SoPa's team of software developers rapidly improves the product or service offerings of its portfolio company, while its team of eCommerce marketing experts rapidly grows the subscriber base of such start-up.

– In house accounting, legal and corporate restructuring experts – SoPa has at its resource, business, accounting, funding, legal, and corporate structure experts. Things that if ignored, can and often do later crush the dreams of even the most talented technology start-up founder.

About Society Pass Inc.

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

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

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

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

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

Cautionary Note Concerning Forward-Looking Statements

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

Media Contacts:
PRecious Communications
sopa@preciouscomms.com

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

HKTDC’s four major focus areas create opportunities via Hong Kong

HONG KONG, Jan 19, 2023 – (ACN Newswire) – As Hong Kong reopens its doors to Mainland China and the world at large, the Hong Kong Trade Development Council (HKTDC) will roll out a full season of global trade fairs and conferences, coupled with a plethora of overseas promotions, to create opportunities for the Hong Kong, Mainland and international business communities.

The HKTDC also welcomes the further relaxation of quarantine measures announced by the Hong Kong SAR Government today, and will work together with the Government to attract Mainland Chinese and overseas business people to return to Hong Kong and accelerate Hong Kong's commercial and trade development.

HKTDC Chairman Dr Peter K N Lam said: "As travel between Hong Kong and Mainland China and the world has resumed, we are delighted to experience the vitality of our events last week, which welcomed international business leaders from some 100 countries to participate physically and online. Looking ahead, we will align our strategy to support the Hong Kong SAR Government's policies and the 14th Five-Year Plan to reinvigorate the city's economy, and have prepared a full programme of fairs, conferences, overseas promotions and support activities throughout the year, giving full play to Hong Kong's unique advantages of being backed by the motherland and connected to the world. We also aim to reinforce Hong Kong's role as a global business hub and help international, Mainland and local businesses connect and succeed."

Having successfully concluded several major events, including the Asian Financial Forum and fairs focused on toys and games, babies, stationery, and wine and spirits that welcomed business people from some 100 countries, the HKTDC's strategy for 2023-2024 will support the Hong Kong SAR Government's policies to strengthen the city's economy and its status as a global business hub, while integrating Hong Kong further into national economic development.

HKTDC's 2023-2024 major work focus is as follows:

1) Help Hong Kong attract investment and talent by creating opportunities that bring international and Mainland companies to do business via Hong Kong:
– With the Hong Kong-Mainland China border reopening, the HKTDC will focus on opportunities arising from the 14th Five-Year Plan;
– The HKTDC will leverage Hong Kong's role as an international financial and trading hub to attract global companies to do business through Hong Kong;
– To mark the Belt and Road Initiative's 10th anniversary, the HKTDC will enrich the content of this year's Belt and Road Summit;
– The HKTDC will promote Hong Kong's role in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) to both the Mainland and overseas markets, with its GoGBA programme and Guangdong-Hong Kong Cooperation Week in May, featuring SmartHK in Guangzhou and ChicHK in Shenzhen as anchor events;
– To attract more overseas companies to do business via Hong Kong, the HKTDC will organise overseas missions led by Hong Kong SAR Government officials, and sector-based China Overseas Investment (COI) missions;
– We will enrich our deal-making work through our major conferences, including Asian Financial Forum, Belt and Road Summit and other industry events, to facilitate tripartite cooperation between Hong Kong service providers, Mainland investors and overseas project owners.

2) Tell Hong Kong stories to overseas business communities by utilising the HKTDC's network of 50 offices worldwide and 47 Hong Kong Business Associations:
– The HKTDC will focus on key regions within ASEAN and RCEP;
– The long-awaited overseas mega promotion, Think Business, Think Hong Kong, will be held in Thailand in July to promote the Hong Kong brand together with the Hong Kong family of organisations, while other seminars and webinars will be held in other markets around the world;
– The HKTDC will organise Hong Kong pavilions at major expos and fairs, such as China International Fair for Trade in Services in Beijing, CIIE in Shanghai, China International Consumer Products Expo in Haikou (Hainan Expo), Consumer Electronics Show in Las Vegas, Nuremberg International Toy Fair and MIDO Eyewear Show in Milan.

3) Reinforce pillar industries and develop emerging industries in Hong Kong by promoting key opportunities in tech and innovation, medical and healthcare, and sustainability and integrating these into our pillar industry events:
– In addition to supporting year-round sourcing with HKTDC's Exhibition+ model and Click2Match digital service, the HKTDC will consolidate the tech-oriented fairs in April and launch the new Business of Innovation and Technology Week with the new InnoEx, replacing the International ICT Expo. We will also strengthen BIP Asia Forum's focus on IP to help commercialise and expand technology advancements;
– An expanded version of International Healthcare Week, integrating the Asia Summit on Global Health and Hong Kong International Medical and Healthcare Fair, will be held in May to reinforce Hong Kong's position as a premier medical and healthcare innovation and investment platform;
– With Eco Expo as the anchor event, we will expand the promotion of sustainability across other HKTDC platforms by highlighting the theme at major conferences and trade fairs, launching an ESG track under the Transformation Sandbox (T-Box) SME support programme and other platforms; In addition, the ESG track will be featured at major industry events, including Asian Financial Forum, Asian Logistics, Maritime and Aviation Conference and more.

4) Support enterprises, especially SMEs and start-ups, with year-round support programmes:
– The HKTDC will continue with its Support Scheme for Pursuing Development in the Mainland to help Hong Kong companies operating in the mainland, with T-Box for Hong Kong SMEs, GoGBA platform for Hong Kong and international companies tapping the GBA market, Start-up Express for start-ups as well as with Design Gallery (DG) to promote local brands and designs;
– The younger generation will also be able to expand their horizons by joining HKTDC's Trade Ambassador Programme (TAP) to learn about Hong Kong's different industries and opportunities, especially in the GBA.

The HKTDC remains committed to connecting businesses with opportunities via Hong Kong, promoting the city's advantages to the global business community and strengthening its role as a world-class business hub, and a two-way investment and trade platform for GBA, ASEAN and RCEP.

For details of HKTDC's work focus, please visit: https://aboutus.hktdc.com/en/

About HKTDC

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

Media enquiries
HKTDC's Communications & Public Affairs Department:
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org
Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org

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

Want to Inspire Your Students to Make the Grade? Surprise Them with a Yowie!

NEW YORK, NY, Jan 19, 2023 – (ACN Newswire) – Teachers, are you looking for a way to welcome your class to an excellent new school year? Let Yowie help!

The delicious, surprise-inside chocolate is the perfect way to start the new school year off right! Yowie World is looking to reward six lucky classes with 3 free boxes of Yowie! To enter the contest, just fill out your contact information at https://yowieworld.com/teacher-competition/. The winner will be drawn on February 16, 2023.

Yowie Surprise-Inside Chocolate is made with 100% milk chocolate, sustainably sourced and Rainforest Alliance Certified and contains no GMOs or nuts – making it the perfect treat for the whole class! Yowie can be found at Coles supermarkets nationally, as well as IGA, Woolworths, Big W, The Reject Shop, and Kmart. Find Yowie near you at https://yowieworld.com/collect/#wheretobuy.

The best part? When you use Yowie in the classroom, a teacher's science lesson for the day has a hands-on component. Each Yowie chocolate treat contains a life-like endangered animal collectible and comes with an informational leaflet inside, full of interesting facts about the hand-painted collectible. A treat and a science lesson in one! Plus, if you visit YowieWorld.com/Activities you'll find an impressive hub of teacher-approved activities that are perfect for new semester fun!

Who are the Yowie? They include six characters: Rumble, Boof, Squish, Nap, Ditty and Crag. Each Yowie is responsible for protecting a different animal habitat and are friends with all the animals who live there. The Yowie are ALWAYS ready to jump into action to come to the defense of wild animals and the habitats they protect. Learn all about the Yowie at YowieWorld.com.

Explore more of the wonderful world of Yowie on Facebook, or look for @YowieWorld on Instagram. You can also find easy, interactive, and educational craft projects and games on Yowie's YouTube channel and on Pinterest.

About Yowie

Yowie is best known for its flagship product, the Yowie surprise-inside chocolate. Each Yowie product is created in the shape of the Yowie characters and contains limited-edition collectible animal toys and a full-color leaflet featuring a picture of the real-life animal, its profile and level of endangerment. Yowie's social media channels and website allow collectors to learn more about the animals and their world while having loads of fun through games and competitions. The combination of tasty, clean-label treats, fun animal toys and a digital platform encourages kids to learn about the natural world and understand its need for protection. For more information visit www.yowieworld.com.

Contact:
Devin Mainville
devin@kmkmedia.com
(779) 221-3764

SOURCE: Yowie Group

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

Society Pass, Inc. (SOPA) / NusaTrip Expands Services to Philippines

SINGAPORE, Jan 17, 2023 – (ACN Newswire) – NusaTrip, Indonesia's first IATA-certified online travel agency (OTA) and the travel vertical of Society Pass Incorporated (Nasdaq:SOPA), today formally announces the opening of its second Southeast Asia (SEA) regional office in Philippines.

The market for Filipino tourists and foreign workers is sizable. According to the Philippine Overseas Employment Administration's (POEA) data, approximately 2.3 million overseas Filipino workers (OFWs) were deployed in 2019. In 2021, OFW was estimated to be 1.83 million, up from 1.77 million in 2020. Based on the Department of Tourism's November 2022 report, 73% of the 2.025 million visitors to the Philippines are foreign tourists, whereas 27% are OFWs. In 2023, the Department of Migrant Workers (DMW) aims to increase the number of overseas Filipino workers. The majority of OFWs work in the service sector, such as domestic help, healthcare, engineering, and construction. By 2020, Asia employed 83.6% of OFWs, followed by Europe, America, and Australia.

NusaTrip CEO Johanes (Joe) Chang elaborates, "Considering the market's size and potential, the Philippines is an essential market for our ecosystem. NusaTrip aims to be the promotion partners for the Philippines tourism boards and become the travel hub that helps to connect overseas Filipinos with their home country. We are excited to collaborate with the local businesses. It will accelerate and improve the quality of our synergies and customer growth rate in Southeast Asia. In addition, given Philippines' countless scenic spots and picturesque beaches, NusaTrip will focus on promoting thousands of hotels into our platform and provide leisure alternatives for international travelers".

Leveraging the momentum of the travel and tourism industry recovery post-COVID-19 pandemic, NusaTrip is expanding its offering beyond air travel. NusaTrip aims to extend its flight content with more travel inspirations and relevant options, so everyone will always find something to explore and somewhere to fly to. On the business side, NusaTrip connects worldwide flight content through streamlined integration with low-cost and full-service airlines from multiple points of sale and enables global distribution at ease via its proprietary technology, the NusaXchange platform.

Nusatrip regional offices will focus on creating more variety of marketing initiatives and managing existing business relationships with airlines, hotels, and tourism promotion board partners.

"We are very excited to welcome NusaTrip and look forward to the collaboration with our local businesses. I believe it will benefit our business partners and customers," said Arbie Christie Pagdangan, Country Manager for Society Pass in the Philippines.

About NusaTrip

Founded in 2013, NusaTrip is an IATA-licensed online travel agency that serves both local and global customers and partners by optimizing cutting-edge technology and providing 24/7 customer-centric support team-as-a-service. NusaTrip is now a member of Society Pass (Nasdaq: SoPa) ecosystem. For more information, please visit: https://www.nusatrip.com.

About Society Pass Inc.

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

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

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

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

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

Cautionary Note Concerning Forward-Looking Statements

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

Media Contacts:
Rosa Milyarna – NusaTrip Indonesia
Rosa@nusatrip.com

NusaTrip / Society Pass ID PR Representatives
Elisabeth ( elisabeth.winiartati@gmail.com | +62813375150220)
Angga ( anggahadi@gmail.com | +6281213858388)

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

First three trade fairs in 2023 conclude successfully

HONG KONG, Jan 12, 2023 – (ACN Newswire) – The latest trade fairs organised by the Hong Kong Trade Development Council (HKTDC) recorded encouraging traffic and exhibitor participation, with many buyers placing orders at the fairground. The recent reopening of the Hong Kong-Mainland China border and resumption of international travel has helped drive the industry's enthusiastic response, allowing buyers and exhibitors to seize opportunities.


The HKTDC Hong Kong Toys & Games Fair, the HKTDC Hong Kong Baby Products Fair, and the Hong Kong International Stationery & School Supplies Fair, jointly organised by the HKTDC and Messe Frankfurt (HK) Ltd concluded successfully.

More than 120 renowned brands were featured at the Brand Name Gallery at the Toys & Games Fair and Baby Products Fair, including 4D Master, Eastcolight, Hape, KEEPPLEY, Ming the Minibus, Welly, Winfun, Marcus & Marcus and more.

Smart-Tech Toys and Kidult World were highlighted product zones at the Toys & Games Fair, attracting the attention of many buyers.


Across four days, the 49th HKTDC Hong Kong Toys & Games Fair, 14th HKTDC Hong Kong Baby Products Fair and the 21st Hong Kong International Stationery & School Supplies Fair welcomed over 21,000 buyers from some 100 countries and regions who participated physically and online. More than 12,200 buyers attended the three fairs in-person.

Non-local buyers travelled from near and far to join the physical fairs, including Mainland China, ASEAN, India, Japan, Korea and Taiwan. European buyers came from, amongst others, the Czech Republic, France, Hungary, Italy, Poland and the United Kingdom, while buyers from the Middle East and Brazil, Chile and the United States took part as well.

While the physical part of the three fairs came to a close today, exhibitors and buyers can continue to connect online until 19 January. The first three trade fairs of the year adopted the HKTDC's new EXHIBITION+ model, which includes not only the physical shows, but also virtual access facilitated by its smart business matching platform Click2Match, connecting exhibitors and buyers online. As of today, the HKTDC has arranged over 1,000 business meeting sessions.

HKTDC Deputy Executive Director Ms Sophia Chong said: "The HKTDC has promoted the fairs in the past few months, and actively invited quality exhibitors and buyers from around the world to participate in-person. Following the resumption of quarantine-free travel between the mainland and Hong Kong, we are happy to see buyers from Mainland China, ASEAN and the wider Asia region, Europe and the Americas travel to Hong Kong for the fairs. Business travel in Hong Kong is gradually returning to normal, with industry being more optimistic about the future. This is welcome news for our upcoming fairs."

Creating more global business opportunities with the border re-opening

This year's fairs featured an assortment of new products from more than 1,000 exhibitors. A long-term supporter of the Hong Kong Toys & Games Fair, Eastcolight (Hong Kong) Limited, introduced their AR educational toys at the event. Co-founder Ms Salley Sze said: "It is exciting to see that global buyers are back in Hong Kong this year. We have met with overseas buyers from Brazil, France, Israel, Italy, Russia and Turkey who are very interested in our products. We are confident in the fair's business results."

Xiamen Baby Pretty Products Co., Ltd has been participating in the Hong Kong Baby Products Fair since 2009, which has helped expand their export business over the years. CEO Mr Sam Yang appreciated the quality of buyers this year and revealed that his company has met with 80 to 90 new buyers from Southeast Asia and Turkey. While their existing customers have confirmed US$2 million worth of orders, they have also received on-site orders worth US$200,000-300,000 from four new buyers.

Ms Malwina Jaworska, Acting Director of Product Development Department of 4Kraft Sp. z o.o., a baby products company in Poland, said: "Through the HKTDC's Click2Match smart business matching platform, we have found a new supplier from Hong Kong who can provide quality strollers with nice designs. We plan to buy US$850,000 worth of strollers from them. We have also reserved a budget of US$7 million for buying baby beds and high chairs at the fair."

Sales manager Mr Scott Wen of Mirage International Industries, a US exhibitor at the Stationery & School Supplies Fair is satisfied with the fair results. "It's clear that industry players are eager to get back to in-person business. We have had inquiries from Korea, Japan, the Netherlands, the USA, the Philippines, France, Germany, Hong Kong, and even the Middle East and India".

Scientific educational, kidult and green toys lead the future of play

At the flagship Hong Kong Toy Industry Conference 2023 on 10 January, key toy industry trends were unveiled by speaker Mr Clifton Chiu, Research Analyst of Toys and Games of Euromonitor International.

He noted that the rise of scientific educational and kidult toys and the impact of sustainability will be in the spotlight. Mr Chiu added that scientific educational toys were a perfect product for families looking to mix education and entertainment for their children during the pandemic with limited outdoor activities and schooling. Also, kidults, mainly young professionals, are willing to spend their disposable income on collectible toys and blind boxes that let them relive their childhood.

Another key trend is sustainability, many big players have adapted manufacturing and packaging methods in accordance with the sustainability concerns of consumers. The Toys & Games Fair has various themed zones, such as Smart-Tech Toys and Kidult World, together with a special Green Toys label introduced this year, to help buyers identify and source the popular product categories in the industry. For more comments from exhibitors and buyers, please visit the following websites:

HKTDC Hong Kong Toys & Games Fair: https://www.hktdc.com/event/hktoyfair/en/success-stories
HKTDC Hong Kong Baby Products Fair: https://www.hktdc.com/event/hkbabyfair/en/success-stories
Hong Kong International Stationery & School Supplies Fair: https://www.hktdc.com/event/hkstationeryfair/en/success-stories

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/3GUCRtx

About HKTDC

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

Media enquiries
HKTDC Communications & Public Affairs Department:
Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.org
Kate Chan, Tel: +852 2584 4239, Email: kate.hy.chan@hktdc.org
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org

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

Chris Cassidy Joins Mojix as President and Chief Commercial Officer

Boca Raton, FL, Jan 11, 2023 – (ACN Newswire) – Mojix, a leading inventory management and supply chain traceability enterprise SaaS platform, is pleased to announce that Chris Cassidy has joined the company as President and Chief Commercial Officer. This announcement comes as the direct result of the tremendous success Mojix has attained over the past several years, as the company has recorded significant growth and improvements in revenue, customer expansion, and product innovation. Supporting these achievements, the company has developed strategic partnerships for serialization and RFID Barcoding used by leading food & beverage, luxury brand, manufacturing, industrial, aerospace & defense, and retail clients across the globe.


Chris Cassidy


Dan Doles, Mojix CEO, said, "Chris joins Mojix with more than 20 years of executive leadership in various supply chain management roles and brings deep domain expertise and a stellar track record working with leading global enterprises on digital transformation and supply chain optimization. Chris is a recognized expert in supply chain management, logistics, and enterprise supply chain SaaS solutions, across both customer operations, strategy, sales and marketing. We are excited to partner with Chris to further our long-term strategic vision and provide value to our customers as a best-in-class item-level traceability SaaS platform."

Before joining Mojix, Chris was EVP & Chief Revenue Officer at Trax Technologies. Previously, he held various supply chain leadership positions of increasing responsibility at Gartner, UPS, and GSK. He holds a BS in Industrial Engineering from Georgia Tech and an executive programme certification in supply chain management at MIT.

Pete Leibman, Managing Director of Peak Rock Capital, added, "the Board is thrilled to have Chris join the executive leadership team at Mojix, and exemplifies our commitment to drive accelerated growth in the years to come."

Chris stated, "I am both humbled and honored to be named President and Chief Commercial Officer of Mojix. I am excited to drive further acceleration of the company's growth as we continue to lead the industry in customer satisfaction, global program delivery and product innovation for end-to-end visibility and traceability. The aim is to continue leveraging the maturing serialization and RFID barcoding technology solutions with the purpose of driving smarter and intelligent insights. Through collaboration and innovation with our customers and strategic partners, our advances in bringing together the physical and financial data flows will empower global enterprise manufacturers, distributors, and retailers to improve visibility and traceability for optimized financial performance of their Supply Chain networks during these most uncertain of times. Our times require both an agile and resilient supply chain to manage cost-to-serve and inventory assets."

About Mojix

Mojix is a global leader in item-level supply chain intelligence software. The firm is leading the way in traceability solutions utilizing its high security, globally scalable cloud-native SaaS platform. Founded in 2004, the Company has deep domain expertise in serialization technologies such as RFID, NFC, and print-based marking systems. Mojix builds business intelligence from event-triggered actions tracking billions of unique identities, following item lifecycles from source to shelf. Companies can leverage the seamlessly integrated data to increase their sales and operational efficiency, reduce major risks and enhance their customer experience. With offices across the United States, Europe and South America, Mojix is now a recognized expert in end-to-end, item-level track and trace, product authentication and automated inventory management. Learn more at www.mojix.com

About Peak Rock Capital

Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. Peak Rock's equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and performance improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock's credit platform invests across capital structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and growth-oriented businesses. Peak Rock's real estate platform makes equity and debt investments in small to mid-sized real estate assets in attractive, growing geographies. For further information about Peak Rock Capital, please visit www.peakrockcapital.com.

Editorial/Media Contacts
Jim Donaldson, Sr. Director, Corporate Communications
Mojix, Inc
(314) 223-4779
jim.donaldson@mojix.com

Helene de Lailhacar, VP Marketing
Mojix, Inc.
(33) 6 70 61 72 22
helene.delailhacar@mojix.com

(c) Mojix, Inc. Mojix and ytem are registered trademarks of Mojix, Inc.

SOURCE: Mojix, Inc

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

Plotting toy market’s future – from e-commerce to NFTs

HONG KONG, Jan 11, 2023 – (ACN Newswire) – Industry players should catch up on trends, especially on technology use, as the world returns to normal this year, delegates at the Hong Kong Toys Industry Conference 2023 heard. The conference covered a plethora of the industry's pressing issues, trends and aspirations themed "The Future of Play".


The Hong Kong Toys Industry Conference 2023 The Future of Play covered many pressing industry issues, trends and prospects.

In the panel discussion E-Commerce is Shaping the Way for Toys Industry, moderator Stanley Lee, President, E-Commerce Association of Hong Kong, invited the three speakers to share insights: Yoyo Ng, General Manager of iClick Interactive Asia Group Limited; Betty Tse, Associate Business Development Director of AlipayHK and Raymond Choy, Founder of Toy2R Group Limited.


The one-day conference on 10 January was co-organised by the Hong Kong Trade Development Council (HKTDC), the Federation of Hong Kong Industries, the Hong Kong Toys Council and the Toy Manufacturers' Association of Hong Kong Limited, running concurrently with the HKTDC Hong Kong Toys & Games Fair, the HKTDC Hong Kong Baby Products Fair and the Hong Kong International Stationery & School Supplies Fair.

Key trends

Three key toy-industry trends were explored by the conference's first speaker Clifton Chiu, Research Analyst – Toys and Games of Euromonitor International, as he noted that the rise of scientific educational toys, kidult toys and the impact of sustainability will be in the spotlight.

Mr Chiu said scientific educational toys were a perfect product for families looking to mix education and entertainment for their children during COVID-19 pandemic lockdowns, which limited outdoor activities and schooling. He said kindergarteners in Hong Kong had increased access to scientific educational toys that enriched different aspects of their learning, such as mathematics and vocabulary whereas Singapore had implemented robotics and programming into their primary school curriculum since 2018.

He said kidults, mainly young professionals, were willing to spend their disposable income on collectable toys such as blind boxes that let them relive their childhood. Kidults could afford to spend US$15,000 on a pair on Jimmy Choo x Sailor Moon limited edition boots but he believed more brands may see the potential for monetising nostalgia.

Sustainability had increasingly impacted the manufacturing and packaging of toys and games with many big players such as Lego consulting consumers and adapting manufacturing and packaging methods in accordance with the sustainability decisions of consumers, Mr Chiu said. For instance, Mattel's Barbie Loves the Ocean Series is made with recycled plastics collected from the ocean.

"Toys and games are no longer just a problem for kids alone. It is an industry of mostly multi-generational feel that has and will continue entertain everyone no matter how old you are or wherever you live," Mr Chiu concluded.

Where and what to look into

In the second session, The Key to Success – Things You Need to Know, three industry veterans shared their intelligence.

Drawing on years in the industry, Salley Sze, co-founder of Eastcolight (Hong Kong), noted that it was essential to develop a good brand which helped build up confidence for existing and prospective customers which would eventually be translated into potential business. Then she offered advice on hardware and software, from manufacturing to people management, from quality control to meeting various international standards, as well as from marketing and promotions to being socially responsible that help lead to success.

Arnoldo Concepcion, Co-Chief Operating Officer of Animoca Brands, said web3 technologies were at an early stage of development but use of nonfungible tokens (NFT, blockchain technologies) that allowed users to use experience and interaction to engage in digital lives. This had huge potential in toy industry applications. Web3 technologies could allow an RPG (role-playing) video game user who built a castle, for example, to create different types of experience such as inviting friends to visit the castle or to rent out the virtual building, which created value for the players, he noted.

Mr Concepcion also introduced the decentralised governance concept allowing participants to own platform, as opposed to a central party that could make decisions that may or may not be good for the ecosystem and participants. "These concepts are at a very early stage and it's time for a lot of ideas to flourish and be developed and experimented with," he stressed.

Noletta Chiu, Executive Director of Medialink Group Limited, said the licensing industry was a multi-billion dollar global market and best-selling items were mostly licensed characters. Matching target customers with trending products alongside innovative marketing were key success points in toy licensing.

The new game to play

In the panel discussion E-Commerce is Shaping the Way for Toys Industry, moderator Stanley Lee, President, E-Commerce Association of Hong Kong, invited the three speakers to share insights.

Yoyo Ng, General Manager of iClick Interactive Asia Group Limited, introduced attendees to the company's proprietary omni channel marketing platform which fulfils data-driven marketing automation objectives. The market intelligence platform, she added, offered audience insights which can help formulate digital marketing strategies for Hong Kong, Mainland China and around the world. "The beauty of digital is everything can be measurable, and thus we are able to identify and also measure the conversions for all the clients," she explained.

Betty Tse, Associate Business Development Director of AlipayHK, said widespread acceptance of online shopping and electronic payments during the pandemic allowed merchants to analyse transactions and come up with products that fitted the needs and interests of consumers. This led Alipay to launch a digital market platform in May last year that allowed merchant partners in Hong Kong to reach out to its 1.3 billion mainland users. Also, the company was building up a global alliance with Japan, Korea, elsewhere in Asia and Europe so digital wallets are connected globally to facilitate effective marketing and payment convenience.

Raymond Choy, Founder of Toy2R Group Limited, said the company used to design toys and manufactured in the mainland while selling to Europe through their distributors. This was made impossible during the pandemic. The company explored the NFT market in the mainland in order to survive, which proved a great success. For instance, the company launched three limited designs of its hero character QEE, each with 10,000 copies, on the Alipay platform in October 2021, which were sold out in 95 seconds.

The e-commerce platform suited small to medium sized companies and manufacturers most, especially for handling trade of small quantities, Raymond emphasised. "Manufacturers should invest time and money to try [e-commerce] and then you will get good results," he advised.

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/3QxAwce

About HKTDC

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

Media enquiries
HKTDC's Communications & Public Affairs Department:
Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.org
Kate Chan, Tel: +852 2584 4239, Email: kate.hy.chan@hktdc.org
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org

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