CENTRESTAGE Virtual Runway Shows Begin Today

HONG KONG, Sep 17, 2020 – (ACN Newswire) – Organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by Create Hong Kong (CreateHK) of the Government of the Hong Kong Special Administrative Region, the CENTRESTAGE virtual runway shows premiere today (17 September) and run through to Saturday (19 September). Combining traditional fashion shows with computer-generated imagery, these unique runway shows feature the latest collections from more than 40 Hong Kong and Asian designers.



The CENTRESTAGE virtual runway shows officially begin today. Combining traditional fashion shows with computer-generated imagery, these unique runway events feature collections from more than 40 Hong Kong and Asian designers.


Fashion Hong Kong spotlights eight homegrown designers that have taken part in New York or London Fashion Week events organised by the HKTDC, including Mountain Yam (brand: 112 mountainyam), Angus Tsui (brand: ANGUS TSUI), Bettie Jiang (brand: Bettie Haute Couture), design duo Jessica Lau and Walter Kong (brand: BLIND by JW), Doris Kath Chan (brand: DorisKath), Glori Tsui (brand: METHODOLOGY), Sun Lam (brand: SUN=SEN) and Yeung Chin (brand: YEUNG CHIN).


The "Next in Cheongsam" runway show features the latest collections from two designer brands, SPARKLE by Karen Chan – Modern Cheongsam and THE SPARKLE COLLECTION – Modern Couture to showcase the aesthetic of old Hong Kong.



Entering its fifth year, CENTRESTAGE presents "A World of PHYGITAL" as its central theme in 2020. In view of the uncertainties brought about by the COVID-19 pandemic, CENTRESTAGE has set out to redefine the way fashion shows are presented by combining physical and digital elements. It has created a fashion extravaganza that enables brands to overcome geographical and time limitations to showcase their latest designs to buyers and fashionistas.

In addition to the virtual runway shows, the HKTDC has collaborated with Vogue Hong Kong to build a brand-new digital platform that introduces designers and their brands and collections. The CENTRESTAGE website has aggregated 240 brands from 23 countries and regions, including 130 new joiners such as Korean streetwear brand FlenoSeoul (under Gyeonggi Creative Fashion Studio Korea) and Taiwanese canvas craft brand Guang Fu Hao.

Benjamin Chau, HKTDC Deputy Executive Director, said: "This year presents a very challenging time for economies and businesses around the world. Despite the disruptions brought by the pandemic, the fashion industry is still forging ahead. In response to the current situation, CENTRESTAGE has successfully transformed into a digital fashion platform with a series of virtual runway shows, showcasing the latest collections from Hong Kong and Asian brands to fashion lovers and media from around the world. I am pleased to see designers overcoming challenges by coming up with creative responses to the 'new normal', launching their collections on the HKTDC's online platform to gain exposure and expand their networks."

Fashion Hong Kong – "Space Odyssey"-themed opening fashion show

The creativity and imagination of designers and fashion brands have not been held back by the pandemic. The premiere of the Fashion Hong Kong show marks the start of six spectacular virtual runway shows. Fashion Hong Kong spotlights eight homegrown design units that have all taken part in New York or London Fashion Week events, including Mountain Yam (brand: 112 mountainyam), Angus Tsui (brand: ANGUS TSUI), Bettie Jiang (brand: Bettie Haute Couture), design duo Jessica Lau and Walter Kong (brand: BLIND by JW), Doris Kath Chan (brand: DorisKath), Glori Tsui (brand: METHODOLOGY), Sun Lam (brand: SUN=SEN) and Yeung Chin (brand: YEUNG CHIN).

The opening show has a "Space Odyssey" theme, fusing various new designs with different virtual planets and eye-catching visual effects to take the audience on a creative journey. The audience can enjoy shopping discounts offered by the brands and also get the chance to win limited-edition items by joining an online giveaway campaign. The deadline for the giveaway is 11:59 pm today (17 September). More details can be found on the Fashion Hong Kong official Instagram account. https://www.instagram.com/hktdcfashionhk/?hl=zh-hk

Following on from Fashion Hong Kong will be the "Next in Cheongsam" runway show featuring the latest collections from two designer brands: SPARKLE by Karen Chan – Modern Cheongsam and THE SPARKLE COLLECTION – Modern Couture. The former has invited Fung Yau-choi, a master of cheongsam sewing, which is listed as one of Hong Kong's items of intangible cultural heritage, to craft an original silk collection. The latter brand focuses on gown designs in an East-meets-West style. The show has also taken Neon Hong Kong as its stage design inspiration to illustrate the aesthetic and mood of old Hong Kong.

Other not-to-be-missed runway shows include "FASHIONALLY Collection #15" and two Designers' Collections Shows, "Taipei in Style" and "Hong Kong en Vogue", which will be premiered online on 18 and 19 September respectively.

Two-day countdown to the long-awaited YDC 2020 final

Another CENTRESTAGE highlight will be the Hong Kong Young Fashion Designers' Contest (YDC) 2020 Final on 19 September. Fourteen shortlisted candidates will compete for five awards this year, including a new category – the My Favourite Collection award. Members of the public can vote for their favourite collection among the YDC finalists to win a HK$2,000 e-Gift Coupon sponsored by Hysan Place. The voting deadline is midnight tomorrow (18 September).

Running from now until 30 September, the "CENTRESTAGE in Town" citywide campaign features fashion-related promotions partnering with fashion malls, restaurants, hotels and fashion-focused cultural landmarks in the city and featuring fashion showcases, workshop and shopping and dining offers. Members of the public are encouraged to join in to celebrate this iconic fashion event.

Websites
– CENTRESTAGE: www.centrestage.com.hk
– Fashion Hong Kong: www.fashionhongkong.com
– Hong Kong Young Fashion Designer's Contest (YDC): www.fashionally.com
– YDC 2020 "My Favourite Collection" Lucky Draw: https://vote.fashionally.com/en/index.php
– CENTRESTAGE in Town: https://centrestage.com.hk/en/event/centrestageintown/index.php

Details of CENTRESTAGE 2020 Virtual Runway Shows
17-19 September, Thursday to Saturday
Note: All fashion shows will be premiered on the HKTDC CENTRESTAGE website www.centrestage.com.hk

17 September 2020 (Thursday)

Fashion Hong Kong
Time: 3pm (GMT +8)
Brands: 112 mountainyam (designer: Mountain Yam), ANGUS TSUI* (designer: Angus Tsui), Bettie Haute Couture* (designer: Bettie Jiang), BLIND By JW* (designer: Jessica Lau & Walter Kong), DorisKath (designer: Doris Kath Chan), METHODOLOGY (designer: Glori Tsui), SUN=SEN# (designer: Sun Lam), YEUNG CHIN* (designer: Yeung Chin)
Celebrity model: Omi Kwong, Hong Kong Open TV host
*2020 London Fashion Week AW2020 participants; #2020 New York Fashion Week FW2020 participant

Designers' Collection Show: Next in Cheongsam
Time: 3:15pm (GMT +8)
Brands: SPARKLE by Karen Chan – Modern Cheongsam (designer: Karen Chan),
THE SPARKLE COLLECTION – Modern Couture (designer: Karen Chan)

18 September 2020 (Friday)

FASHIONALLY COLLECTION #15
Time: 3pm (GMT +8)
Brands: ARTO. (designer: Arto Wong), Charlotte Ng Studio (designer: Charlotte Ng), FromClothingOf (designer: Shirley Wong), KEVIN HO (designer: Kevin Ho), Lapeewee (designer: Yannes Wong), REDEMPTIVE (designer: Wilson Choi), SFZ&SON (designer: Sonic Lam), Tak L. (designer: Tak Lee), YMDH (designer: Jason Lee)

Designers' Collections Show: Taipei in Style
Time: 3:15pm (GMT +8)
Brands: CHENG PAI CHENG (designer: Cheng Pai-cheng), CHERNG (designer: Cherng-Hann Lee), MARQUESS & HOMA (designer: Homa Hou), Ysanne (designer: Mei Chu Wang)

19 September 2020 (Saturday)

Designers' Collection Show: Hong Kong en Vogue
Time: 3pm (GMT +8)
Brands: Mary Yu (designer: Mary Yu), ALPS Annie Ling (designer: Annie Ling), Ejj Jewellery (designer: Elaine Shiu), JUNW Natural (designer: Jun Wong), Oplus2 (designer: Otto Tang), Syra J. (designer: Jocelynn Chu)

Hong Kong Young Fashion Designers' Contest 2020
Time: 8:45pm (GMT +8)
(Click here https://tinyurl.com/y6a6o2wo to download photos + Fashion Hong Kong & Next in Cheongsam lookbook)

*Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organizers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Communications and Creative Industries Branch of the Commerce and Economic Development Bureau, Create Hong Kong, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.

About Create Hong Kong

Create Hong Kong (CreateHK) is a dedicated agency set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) in June 2009. It is under the Communications and Creative Industries Branch of the Commerce and Economic Development Bureau and dedicated to spearheading the development of creative industries in Hong Kong. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, and promoting Hong Kong as Asia's creative capital and fostering a creative atmosphere in the community. CreateHK sponsors the CENTRESTAGE since 2019 to promote Hong Kong's fashion design. Website: www.creathek.gov.hk.

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via 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

Contact:
Snowy Chan, Tel: +852 2584 4537, Email: snowy.sn.chan@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

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
ZALL@preciouscomms.com

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

HR Tech Festival Asia Online 2020 Unites the HR Community in Asia to Navigate the New Era of HR and People Management

SINGAPORE, Sep 9, 2020 – (ACN Newswire) – Covid-19 has become the accelerator for one of the biggest workplace transformations of our lifetime. Fundamentals have changed and the future is driven by smart technologies and leadership agility for organizational success. HR Tech Festival Asia Online 2020, organized by HRM Asia, is the platform to unite regional HR leaders and industry professionals across all sectors to rethink, reimagine and transform their navigation strategy to spur post recovery and cope with the new norm.

The dynamic three-day event expects 5000 C-suite and HR practitioners to convene online on 29 September – 1 October 2020 to learn from 70 thought leaders and explore the latest technology and solutions from international HR technology brands.

"Year 2020 is an exceptional year that herald in the new era of HR and the workplace. To show solidarity with the HR community, we have decided to offer complimentary access to our flagship event, HR Tech Festival Asia Online. Our event provides a conducive platform for business leaders and HR practitioners to engage in active discussions on building the workforce for the new norm." says Joanna Bush, Managing Director of HRM Asia.

Navigate the new era of HR and the workplace through knowledge exchange

With 70 thought leaders sharing their HR strategy and prediction on the future of work in the new era of HR, the conference addresses the pertinent trends and best practices around 8 topics – Technology, Communication, Leadership, Employee Experience, Learning & Development, Recruitment, Wellbeing, and Diversity and Inclusion. Attendees can also expect to glean insights on the macro development within the region from the ASEAN Future of Work conference track, where the Singapore Ministry of Manpower and tripartite partners will share their vision to build a future-ready workforce.

"Readying our businesses and workforce for the future of work is a crucial step to realising ASEAN's economic potential. The addition of a new conference track on the ASEAN Future of Work seeks to enhance Singapore's contribution to ASEAN's continued social dialogue and capability building to achieve inclusive and sustainable growth for our people," said Mrs Josephine Teo, Minister for Manpower and Second Minister for Home Affairs.

Industry luminaries and thought leaders to look out for include:

– Josephine Teo, Minister, Ministry of Manpower and Second Minister, Ministry of Home Affairs, Singapore
– Zaqy Mohamad, Senior Minister of State, Ministry of Defence and Ministry of Manpower, Singapore
– Dr Ha Thi Minh Duc, Deputy Director General, International Cooperation Department, Ministry of Labor, Invalids and Social Affairs, Viet Nam
– Chihoko Asada-Miyakawa, Regional Director for Asia and the Pacific, International Labour Organization
– Josh Bersin, Global Industry Analyst, Dean, Josh Bersin Academy
– Dave Ulrich, Professor at University of Michigan and Partner, RBL Group
– Brian Sommer, Founder and President, TechVentive Inc.
– Pambudi Sunarsihanto, Human Resources Director, Blue Bird Group
– Elisa Mallis, APAC Managing Director, Center for Creative Leadership (CCL)
– John Sumser, US-based Futurist & Technology, Commentator

Innovations and technologies to support organisations to rethink and transform HR strategies

Attendees can look forward to exploring more than 50 international exhibiting companies, the largest online gathering in Asia. These leading international brands will be showcasing their latest technologies and HR solutions that can help organisations chart their new course in navigating the change in people management and the new era of HR. Technologies and products on offer cover the entire spectrum of HR and attendees can engage "face-to-face" with the exhibitors for a live product demonstration via the event platform. Returning brands and new partners include ADP, Ascender HCM, Cornerstone OnDemand, First Advantage, Globalization Partners, Grab for Business, Pymetrics, SkillSoft, SumTotal, Qualtrics and Workforce Singapore.

The exhibition also features a Start-up Zone which offers attendees a glimpse into the future where innovative solutions and upcoming technology may emerge as the new norm of the future. Start-ups at the zone include ePaySlip, Haury Solutions, IoTalents, MindFi, Panalyt, Smart WFM and more.

Seminar sessions at PowerTalks offers an opportunity for attendees to enrich their learning through the case study and HR technology application sharing from the exhibitors.

Recognising HR excellence across Asia and fostering innovation

Celebrating the outstanding achievements of the region's top HR leaders, companies and teams, HR Fest Award 2020 (29 September) will see 33 finalists to vie for the top award in six different categories namely:

– Employer Of Choice
– HR Team Of The Year
– Best HR Leader (Individual award)
– Best Use Of Technology
– Best Workplace Culture And Engagement (<500 Employees)
– Best Workplace Culture And Engagement (>500 Employees)

Besides recognising HR excellence in Asia, HR Tech Festival Asia Online also serves as a platform that fosters innovation through the HR Tech PitchFest. This pitching competition offers emerging start-ups and entrepreneurs the opportunity to pitch their innovative and disruptive ideas to a multi- disciplinary panel of HR practitioners and business leaders. Attendees can join the excitement and look out for the most innovative 16 start-ups compete for the final 5 spots to pitch in front of a panel of four judges for a chance to win from a prize pool worth USD100,000.

"The HR Tech Festival Asia Online 2020 is the ideal platform for practitioners in human development to find out what's new across ASEAN. If you are in HR, consulting, L&D, CSR or in a career transition, you will find out how HR Tech Festival Asia event contributes to your success. ASEAN Human Development Organisation is looking forward to network and share ideas on the future of work, leadership, organisational change and how to meet ASEAN's human challenges." says Dr Bob Aubrey, Founder and Strategic Advisor of the ASEAN Human Development Organisation

HR Tech Festival Asia Online is proud to partner with ASEAN Human Development Organisation and its regional HR association members and organisations to curate the event to meet the needs of the HR profession and contribute to the development of the profession. Access to the event is complimentary for HR professional in Asia.

HR Tech Festival Asia Online 2020 will take place from 29 September-1 October 2020 from 10am-4pm (GMT +8) daily. For more information, visit www.hrtechfestivalasia.com.

About HRM Asia

HRM Asia is a multi-platform network helping to build and celebrate the professional HR community in Asia-Pacific. Across our dedicated print magazine, digital content, and world-class events, we provide an array of thought-leading HR discussion and information to HR professionals of all ranks in Singapore and across the region.

HRM Asia is proudly owned by LRP Publications. LRP Publications is a broad-based media company serving business and education professionals. Specialising in the fields of education administration, education law, education technology, federal employment, human resources, workers' compensation and disability, and ergonomics, the company publishes hundreds of books, pamphlets, newsletters, videos and online resources.

For more information, please contact:

Chua Yee Ling
Marketing Director, HRM Asia
+65 6423 4631, yeeling@hrmasia.com.sg

Elaine Lee
Marketing Manager, HRM Asia
+65 6423 4631, elaine@hrmasia.com.sg


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

Dusit International charts expansion of ASAI Hotels to meet the challenges of the new normal, opens its first hotel under the new affordable lifestyle brand in Bangkok

BANGKOK, Sep 2, 2020 – (ACN Newswire) – Dusit International, one of Thailand's leading hotel and property development companies, will begin rolling out its new ASAI Hotels brand this September with the opening of ASAI Bangkok Chinatown in the heart of the city's renowned Chinatown district, followed by six more properties all operating under a thoughtfully lean hotel concept Dusit believes will be key to sustainable and profitable growth in the new normal.



ASAI Bangkok Chinatown


ASAI Bangkok Chinatown's thoughtfully designed rooms emphasise in-stay essentials such as superior quality beds, high-pressure rain showers, luggage space, and a work desk with USB charging station.


Self-check-in kiosks are available at the hotel's fourth-floor hub.



Designed to link millennial-minded travellers with authentic local experiences in the world's most vibrant neighbourhoods, ASAI Hotels is Dusit's sixth hotel brand and represents the company's expansion into the affordable lifestyle segment of the lodging spectrum. Its other brands – namely Dusit Thani, dusitD2, Dusit Princess, Dusit Devarana, and Elite Havens – cover upper-midscale through to luxury.

Drawing on Dusit's unique brand of Thai-inspired gracious hospitality, ASAI Hotels is positioned to offer lean-luxury by providing thoughtfully pared-back services while focusing on in-stay essentials. Large communal spaces featuring sustainable and locally inspired lifestyle and dining experiences will be central to its offerings.

Starting this September, the brand will initially serve domestic travellers seeking authentic experiences in Bangkok's historic Chinatown district and culturally rich Old Town. Another ASAI hotel will open within 12 months in Bangkok's stylish Sathorn district, followed by three ASAI Hotels in Cebu, the Philippines; one ASAI hotel in the old Yankin area of Yangon, Myanmar; and one ASAI hotel in Kyoto, Japan.

Dusit International believes the ASAI Hotels concept is well-positioned to meet the challenges of a post-COVID-19 world and deliver long-term value for hotel owners, investors and other key stakeholders.

"With its highly agile management structure, streamlined designs, and limited personnel, the ASAI Hotels business model is compact, sustainable and efficient, and ultimately serves as a cost-effective, fitting solution for continuing to grow our business and expand our presence in the new normal," said Ms Suphajee Suthumpun, Group CEO, Dusit International. "By expanding our offerings across the lodging spectrum, we are not only tapping into the fast-growing market of millennial-minded customers who desire local experiences, but we are also offering new stay experiences to our existing customers too.

Collaborations with local restaurateurs and artisans, and sustainable sourcing of produce, are just some of the elements we have in place to capture the attention of the market as a whole, and we believe this integrated community approach will be vital to success in our industry following the deep social and economic impact of COVID-19."

Opening on 15 September, ASAI Bangkok Chinatown features 224 thoughtfully compact rooms (ranging from 18 – 26 sq m). Each room's contemporary and clean design emphasises in-stay essentials, such as superior quality beds, high-pressure rain showers, luggage space, and a work desk with USB charging station. A large communal area, meanwhile, includes large and comfortable work areas, a small gym, a bar highlighting craft beers and creative cocktails, a large courtyard with organic herb garden, and Jam Jam restaurant serving a creative twist on local and international favourites.

Located adjacent to Yaowarat Road, only 100 metres from Wat Mangkon MRT underground station, the hotel also puts guests in the heart of a vibrant neighbourhood renowned for its lively fresh markets, historic temples, traditional shophouses, hidden coffee shops and a vast array of streetside eateries. The Rattanakosin Island area, home to the Grand Palace and Wat Pho, is only two stations away on the MRT. The city's major commercial districts can also be easily reached via the underground network.

"Easily accessible and equipped to cater to the needs of all kinds of travellers, from solo and groups to business and leisure, ASAI Bangkok Chinatown is a great option for lodging in Bangkok's fascinating Old Town," said Mr Siradej Donavanik, Managing Director, ASAI Holdings Company Limited, which operates ASAI Hotels. "We have all the elements in place to appeal to the tastes of modern travellers who appreciate sustainability and who want to experience the true essence of a destination. From our minimalist, locally inspired design with considerate technological touches, to our unique locally-inspired lifestyle and dining experiences, our hotel is set to become a hub of the community, offering highly comfortable, affordable stays for our curious and dynamic guests, and serving as an attractive and happening venue in which to work, rest, eat and play for Bangkokians at large."

Mr Donavanik is confident that there are many people throughout Thailand who would like to come and experience Bangkok's Old Town while discovering a new spin on Dusit's renowned high standards of service and hospitality.

"As the only international hotel chain in the area, we have a strong advantage, and we look forward to leveraging it to bring value to all of our stakeholders – guests, customers, employees, and owners alike."

In line with ASAI Hotel's overall concept, Live Local, each hotel in the ASAI portfolio will be geared to reflect its local character in terms of design, style and restaurant offering. This approach will be further evident when ASAI Hotels opens its second hotel, in Bangkok's Sathorn district, which will fully embrace the modernity of its inner-city setting to offer a complementary-yet-distinctive stay experience that differentiates it from the Chinatown property.

About Dusit International

Established in 1948, Dusit International is a leading hospitality group listed on the Stock Exchange of Thailand. Building on its two core areas of business – Hotels & Resorts and Hospitality Education – the company has expanded its operations over the past four years to comprise five business units. The additional units include Foods, Property Development, and Hospitality-Related Services. Today, the company's property portfolio comprises more than 300 distinctive hotels, resorts and luxury villas operating under six brands across 14 countries worldwide, as well as two leading hospitality colleges with campuses in Thailand and the Philippines. Following a three-pronged strategy for sustainable growth, including balance, expansion and diversification, the company has recently expanded into food production, on-demand hospitality services, and property development to reach new markets and add further recurring streams of revenue to the company. For more information, please visit www.dusit-international.com

Official photos of Dusit Hotels & Resorts can be downloaded at medialib.dusit.com

Media Contact:
Sureerat Sudpairak | Director of Marketing Communications | Dusit International
Tel: +66 (0) 2200 9999 ext. 3321 | Mobile +66 (0) 89 006 8697 | Email: sureerat.sp@dusit.com

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

Moms on Watch Condemns Lack of Diversity at Prolacta; Demands Prolacta’s Leadership Team Reflect the Communities it Serves

LOS ANGELES, CA., Sep 2, 2020 – (ACN Newswire) – Moms on Watch, a watchdog group dedicated to making mother's milk safe, affordable, and accessible, is demanding that the leadership of Prolacta Biosciences Inc. reflect the communities it serves.

Moms on Watch highlights the following statistics:

– It appears that there is only 1 woman serving on the 8-person Board of Directors
– Out of 17 people listed as Executives on the Prolacta website, only 4 are women
– It does not appear that there is even ONE person of color on either the Board of Directors or Executive Team

Moms on Watch had the following statement:

"It is shocking that Prolacta, a billion dollar company with hundreds of millions in revenue in the business of selling breast milk has an executive team that would fit well in the world of Mad Men. And if you look at the allegations against Prolacta: anti-competitive business practices, labor standard violations, sexual harassment, anti-LGBT discrimination; it is clear that they operate like an old boys club right out of the 1950s. Our group of moms believe that at the root of all of these allegations is a male-dominated chauvinist culture which emphasizes short term profits over all else and where wealthy and powerful men can engage in misconduct with impunity. Prolacta must join the 21st Century."

Moms on Watch is aware of the following allegations against Prolacta:

1. A lawsuit (LA Superior Court Docket 19STCV37738) filed in October of 2019 by a former Director of Human Resources, Jacqueline Roeder, points to a systemic culture of racist, sexist and homophobic comments. These include allegations that VP of Operations made fun of an employee for being a lesbian and, together with CEO Scott Elster, declined to hire a candidate due to his sexual orientation. The lawsuit also cites pay disparities between male and female employees and a culture of inappropriate remarks by top executives.

2. The lawsuit from that same former HR Director also alleges an even more disturbing and potentially fraudulent practice of using milk donors' DNA for research without their authorization. These allegations, if true, potentially amount to fraud.

3. Prolacta is currently in late stage litigation with a small Oregon based milk bank called Ni-Q LLC based on allegations that Prolacta fraudulently obtained bogus patents (US District Court of Oregon, Case No. 3:17-cv-934-SI).

4. Some of the reviews on job site Glassdoor again point to disturbing comments made by executives and a toxic good ol boy network where friends of Scott Elster are promoted over more qualified candidates. Accounts of inappropriate comments aren't even limited to Glassdoor. One former employee recalls Scott Elster telling her that her "pregnant belly was disgusting" and that she shouldn't have another baby.

5. Prolacta has sued Medolac, a Public Benefit corporation, in a case legal observers have called frivolous and predatory. This case appears like an attempt for Prolacta to silence competition and bury a smaller competitor in legal fees.

"Moms on Watch believes that companies, like people, should be given a presumption of innocence. Each individual allegation or battle may have a reasonable explanation but taken together there does not appear to be any reasonable explanation for a company of Prolacta's size being allegedly engaged in anti-competitive business practices, sexual harassment, discrimination, and misuse of DNA. Prolacta's deafening silence amidst these mounting allegations combined with the seeming failure of board members to start an independent investigation illustrates that the company isn't even trying to seem like a good corporate citizen anymore."

Moms on Watch is aware that a class action attorney is investigating allegations of Prolacta's misuse of breastmilk donor DNA.

Alan Romero of ROMERO LAW in Pasadena, CA can be reached at (626) 396-9900 or on his cellphone at (626) 383-3391.

Contact Information:
Ciera Jefferson
Email: MomsonWatch2020@gmail.com
https://www.momsonwatch.org/
Phone: 310 862-2377

This news release was issued through EmailWire – the global newswire with press release distribution services: http://www.emailwire.com.

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

Trintech Enhances Its Enterprise System of Accounting Intelligence with Release of Cadency 9.0

DALLAS, TX / ACCESSWIRE, Aug 14, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today announced the release of Cadency 9.0. The latest update to Cadency's comprehensive System of Accounting Intelligence offers new, innovative support for transaction and account reconciliation, journal entry, systems integrations, artificial intelligence and overall usability for large enterprises.

"As our customers continue to focus on agility and sustainability during this time, the enhancements we have made in Cadency 9.0 deliver greater controls, enhanced visibility, increased efficiencies and certainty of accurate financial reporting that our large enterprise customers demand," said Michael Ross, Chief Product Officer at Trintech. "We've continued to heavily invest in Cadency's System of Accounting Intelligence to ensure these enterprises have the visibility and control to manage every aspect of the financial close from one central cloud-based platform, whether they are in the office or working remotely."

As a central part of the update, Cadency 9.0 consists of several foundational enhancements to improve the Cadency user experience; providing intuitive, easy-to-use and standardized functionality that drives greater efficiencies in your daily workflows. A new, collapsible sidebar navigation allows users to navigate to any page with a single click, reducing the overall time spent navigating between pages. In addition, the reporting experience has also been enhanced with streamlined navigation, search, edit, export, view, and run/schedule capabilities to reduce the time and effort of generating reports.

Cadency 9.0's transaction and account reconciliation enhancements are designed to enhance the speed, accuracy and transparency for what ultimately creates the foundation of a reliable financial statement. Customers will gain greater visibility into overdue journals, decreasing overall financial risk by ensuring SLA's are being enforced per policy and the journals are approved on time. In addition, the introduction of Aged Item Email Notifications will provide greater transparency and control into the management of reconciliations.

Trintech has also made extensive investments in its System of Integration with the addition of two new APIs, Cadency GL Reconciliations API and Cadency Close Task Field API. These integration and automation capabilities increase your organization's efficiency by reducing the manual period-end close activities and time spent supporting an audit, reduce your cost as fewer manual hours are spent on task management and audit preparation, and reduce the risk of a miss in an audit or key control by requiring supporting documentation on those critical tasks.

Lastly, in order to provide our customers with additional controls into computing actionable risk ratings on their journals, we have further invested in our Financial Controls AI(TM) capabilities with the addition of 3 new evaluation criteria to our Risk Rating Engine (RRE): Intra-company transactions, topside Journal Entries and period-end adjustments.

Cadency(R) is the only System of Accounting Intelligence that combines all financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management, compliance and reporting.

About Trintech

Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech's portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kristina Pereira Tully
Vested
650-464-0080
trintech@fullyvested.com

SOURCE: Trintech, Inc.

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

Trintech Enhances Its Enterprise System of Accounting Intelligence with Release of Cadency 9.0

DALLAS, TX / ACCESSWIRE, Aug 14, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today announced the release of Cadency 9.0. The latest update to Cadency's comprehensive System of Accounting Intelligence offers new, innovative support for transaction and account reconciliation, journal entry, systems integrations, artificial intelligence and overall usability for large enterprises.

"As our customers continue to focus on agility and sustainability during this time, the enhancements we have made in Cadency 9.0 deliver greater controls, enhanced visibility, increased efficiencies and certainty of accurate financial reporting that our large enterprise customers demand," said Michael Ross, Chief Product Officer at Trintech. "We've continued to heavily invest in Cadency's System of Accounting Intelligence to ensure these enterprises have the visibility and control to manage every aspect of the financial close from one central cloud-based platform, whether they are in the office or working remotely."

As a central part of the update, Cadency 9.0 consists of several foundational enhancements to improve the Cadency user experience; providing intuitive, easy-to-use and standardized functionality that drives greater efficiencies in your daily workflows. A new, collapsible sidebar navigation allows users to navigate to any page with a single click, reducing the overall time spent navigating between pages. In addition, the reporting experience has also been enhanced with streamlined navigation, search, edit, export, view, and run/schedule capabilities to reduce the time and effort of generating reports.

Cadency 9.0's transaction and account reconciliation enhancements are designed to enhance the speed, accuracy and transparency for what ultimately creates the foundation of a reliable financial statement. Customers will gain greater visibility into overdue journals, decreasing overall financial risk by ensuring SLA's are being enforced per policy and the journals are approved on time. In addition, the introduction of Aged Item Email Notifications will provide greater transparency and control into the management of reconciliations.

Trintech has also made extensive investments in its System of Integration with the addition of two new APIs, Cadency GL Reconciliations API and Cadency Close Task Field API. These integration and automation capabilities increase your organization's efficiency by reducing the manual period-end close activities and time spent supporting an audit, reduce your cost as fewer manual hours are spent on task management and audit preparation, and reduce the risk of a miss in an audit or key control by requiring supporting documentation on those critical tasks.

Lastly, in order to provide our customers with additional controls into computing actionable risk ratings on their journals, we have further invested in our Financial Controls AI(TM) capabilities with the addition of 3 new evaluation criteria to our Risk Rating Engine (RRE): Intra-company transactions, topside Journal Entries and period-end adjustments.

Cadency(R) is the only System of Accounting Intelligence that combines all financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management, compliance and reporting.

About Trintech

Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech's portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kristina Pereira Tully
Vested
650-464-0080
trintech@fullyvested.com

SOURCE: Trintech, Inc.

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

Industry-Leading Enterprises Continue to Choose Trintech to Automate their Record to Report Process

DALLAS, TX / ACCESSWIRE, Aug 12, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today announced that industry-leading organizations are continuing to partner with Trintech to automate the Record to Report process. As these complex organizations focus on scaling their business and face the new challenges of the pandemic era, they demand a seamless, integrated, and configurable solution with end-to-end encryption, supporting 100s of ERP instances including SAP(R), Oracle(R) and NetSuite(R). Trintech counts the majority of the Fortune 100 among its client roster.

"We have seen our clients pivot quickly and realize the benefits of having a comprehensive solution in place that supports a fully-operational virtual ecosystem," says Teresa Mackintosh, CEO of Trintech. "As any organization serving large enterprises knows – and this is especially true right now – you need to be able to offer more than point or narrow solutions. You need a consistent partner with a comprehensive end-to-end solution that can work remotely with existing ERPs and handle real complexities in scale, performance, security, diversity, and regulatory and geographic requirements. We call it "Enterprise Grade" financial accounting software, and this enterprise expertise is at our core."

Trintech's Cadency solution is the only System of Accounting Intelligence (SOAI) that combines end-to-end financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management, and compliance. In addition, it leverages innovative technologies, such as Artificial Intelligence (AI), Risk Intelligent RPA(TM) (RI RPA), and ERP Bots for further efficiencies and to support your financial transformation journey as your business evolves and grows.

"We are finding that more and more large enterprises are discovering the value of choosing a firm that is more than a vendor — a consistent partner who provides reliable industry expertise and a complete, end-to-end solution that can scale with their growth," said Russ Hubbard, Chief Revenue Officer of Trintech. "A perfect example of this is a client of ours, a Fortune 10 premier health innovation company that went through a $70B merger and chose to replace BlackLine with Cadency. They believed Cadency was the only solution that could standardize and transform their financial processes globally as they combined their retail and insurance organizations."

DXC Technology, an organization resulting from the merger of Computer Sciences Corporation and Hewlett Packard Enterprise's Enterprise Service segment, also chose Trintech's Cadency solution, displacing BlackLine, for over 3,000 global users. The firm needed a solution that could integrate seamlessly with SAP(R) and provide full visibility and control across the entire global organization rather than merely implementing a workflow tool. DXC Technology has implemented Cadency Reconciliation Certify, Close, and Journal Entry and has also started to deploy Trintech's ERP Bots to gain further efficiencies.

In order to improve its R2R process, ABB partnered with Trintech and Capgemini to implement Trintech's Cadency solution in support of new processes, a drive for automation, and significant change management. After choosing to implement Cadency over BlackLine, ABB has achieved a single, standardized approach to balance sheet management on a global scale. Reconciliations have required less manual effort due to increased automation and the application of a risk-based strategy. ABB is now able to focus on the risk rating of their balance sheet, with high-risk accounts, such as bank accounts, being reconciled each month with low risk accounts on a less frequent reconciliation cycle.

Furthermore, a global, industry-leading office experience solution provider and a Fortune 150 real estate firm both recently came to Trintech from BlackLine, needing a more complete Record to Report solution with a proven compliance framework ideal for large enterprises. In another instance, a Fortune 20 retailer who previously used the BlackLine solution as a workflow tool for their account reconciliations decided to implement Trintech's Cadency solution to support a broader financial transformation initiative that extended well beyond their limited BlackLine implementation.

"We don't provide a one-size-fits all solution, and that's by design – a truly effective solution for the office of finance shouldn't be," said Mackintosh. "The needs and requirements of mid-sized organizations versus large enterprises are vastly different which is why Trintech has invested in two solutions, Adra and Cadency, to ensure we provide our customers with the most effective solution for their organization. When a competitor has only one solution to offer, it often means sacrificing a customer's requirements versus providing solutions built specifically to a customer or market's unique needs. As we continue to see Adra gain traction in the North American market, we're confident we'll see Trintech succeed in competitive displacements in the mid-market segment going forward as we are observing in the Enterprise market."

About Trintech

Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech's portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kristina Pereira Tully
Vested
650-464-0080
trintech@fullyvested.com

SOURCE: Trintech, Inc.

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

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 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

Contact:
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

JCB and Shopee announce strategic partnership to offer greater flexibility and savings to Southeast Asian online shoppers

SINGAPORE & TOKYO, Jul 21, 2020 – (ACN Newswire) – Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., enter into a regional agreement to provide online merchants and shoppers with enhanced payment options. Through this collaboration, the two homegrown Asian brands will jointly provide quality e-commerce and payments services for the Southeast Asian market.





The partnership will launch in July 2020 in Indonesia, Thailand and Vietnam, followed by Singapore and the Philippines in the following months. JCB will offer year-round and seasonal discounts and an additional safe and secure payment method for shoppers. Shopee will also promote participating stores that support JCB.

Yoshiki Kaneko, President and Chief Operating Officer, JCB International Co., Ltd. said, "JCB is proud to be working with Shopee, a market leader in e-commerce segment, as we further commit to supporting our customers in the fast-growing Southeast Asia region. In particular, as consumer shopping habits shift to online and businesses digitalise their activities, we want to be able to further cater to these evolving needs. Over the past 10 years, Southeast Asia has been a growth market for JCB and we're confident that together with Shopee, we can provide high-quality payments services for businesses and consumers, and continue to grow together with the region. Going forward, JCB and Shopee will continue to provide attractive and convenient services for our customers."

A joint report by Google, Temasek and Bain & Company, found that the Southeast Asia internet economy has soared to $100 billion in 2019, more than tripling in size over the last four years. By 2025, the region's internet economy is expected to grow to $300 billion. The report also estimates that 150 million Southeast Asians have bought or sold things online, up three times from 2015[1].

Terence Pang, Chief Operating Officer, Shopee, said: "We are honoured to be a strategic business partner with JCB. As homegrown brands, both Shopee and JCB are deeply committed to supporting local Southeast Asian markets and businesses. This partnership further strengthens our ecosystem to enable brands and sellers in Southeast Asia to capture the opportunities in online commerce. For our shoppers, they will benefit from having another secure payment method and enjoy additional promotions. This is even more crucial in this new normal as commerce is increasingly done online and we need to be able to support diverse habits and preferences. We believe that JCB will bring added value to our ecosystem and look forward to accelerating the digital economy in Southeast Asia together."

Shopee has experienced good growth in Q1 2020. According to App Annie, in Southeast Asia and Taiwan, Shopee emerged as the top in the Shopping category by average monthly active users and downloads, and also the total time spent in-app on Android. With more Southeast Asian consumers going online through their mobile, Shopee is also focused on driving digital payments in the region. In 2019, Shoppe launched ShopeePay, its own integrated mobile wallet.

JCB, the only international payment brand born in Japan, started its overseas expansion in 1981 by building acceptance of travel destinations for Japanese card members. Since the early 2000s, JCB has focused on expanding its international issuing business to Asian markets, and especially for the last ten years, JCB has been committed to, and has focused its efforts on the fast-growing Southwest Asian market. And its card members in Thailand, Vietnam, Indonesia, the Philippines, Myanmar and Singapore have more than doubled between 2017 and 2019. JCB is pushing forward the e-commerce segment, which is showing a remarkable progress because of economic growth and the diversification of lifestyles in recent years. JCB is also actively adopting new technologies to enhance customer's payment experience including contactless technology which is used for payments such as public transportation.

[1] "e-Conomy SEA 2019 report."
https://www.blog.google/documents/47/SEA_Internet_Economy_Report_2019.pdf. Accessed 2 Jul. 2020.

About Shopee

Shopee is the leading e-commerce platform in Southeast Asia and Taiwan. It was launched in 7 markets in 2015 to connect consumers, sellers, and businesses in the region.

Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. It offers a wide product assortment, supported by integrated payments and logistics, as well as popular entertainment features tailored for each market. Shopee is also a key contributor to the region's digital economy with a firm commitment to helping brands and entrepreneurs succeed in e-commerce.

Shopee is a part of Sea Limited (NYSE:SE), a leading global consumer internet company. In addition to Shopee, Sea's other core businesses include its digital entertainment arm, Garena, and digital financial services arm, SeaMoney. Sea's mission is to better the lives of consumers and small businesses with technology.

About JCB

JCB is a global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 34 million merchants as well as cash advance locations around the world. JCB cards are now issued in 24 countries and territories, with more than 140 million cardmembers. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

Contact

JCB Co., Ltd.
Kumiko Kida, Ayaka Nakajima
Corporate Communications Department
Tel: +81-3-5778-8353
E-Mail: jcb-pr@jcb.co.jp

Shopee
Scott Lai
Regional Marketing – PR
Tel: +65 9819 2323
E-Mail: scott.lai@shopee.com

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