Director-General of Investment Promotion visits Indonesia and Singapore to promote Hong Kong’s business opportunities

HONG KONG, Jan 9, 2023 – (ACN Newswire) – The Director-General of Investment Promotion at Invest Hong Kong (InvestHK), Mr Stephen Phillips, today (January 9) embarked on a duty visit to Jakarta, Indonesia, and Singapore this week as part of the latest efforts of InvestHK to promote Hong Kong's business attractions, including the opportunities arising from the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

Mr Stephen Phillips

During the visit, Mr Phillips will be meeting with representatives of companies from financial services and family offices, innovation and technology, transport, infrastructure and advanced manufacturing, creative industries, and business and professional services sectors to discuss their plans of setting up or expanding operations in Hong Kong and other parts of the GBA.

Mr Phillips will also host a business roundtable cum luncheon for member companies of the Employers' Association of Indonesia in Jakarta to provide an update on business opportunities and talent initiatives in Hong Kong. In Singapore, he will conduct two roundtables jointly organised with the Good City Foundation and the Association of Small & Medium Enterprises respectively, to share with them the latest initiatives and opportunities of the family offices sector in Hong Kong.

Mr Phillips said, "Hong Kong remains the only place in the world where the global advantage and the China advantage come together in a single city. This unique convergence makes Hong Kong the irreplaceable connection between the Mainland and the rest of the world. The city is an ideal location for overseas and Mainland companies, as well as entrepreneurs from around the world, as a base to set up or expand their business in Hong Kong, the GBA, China, and Asia more widely."

He added, "Hong Kong offers Indonesian and Singaporean companies a wide range of routes to growth opportunities. I look forward to sharing with representatives of companies and entrepreneurs the up-to-date and real situation in Hong Kong, and particularly how they can use Hong Kong to seize opportunities, including those arising from the GBA."

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

Hong Kong Investment Promotion Chief visits Indonesia and Singapore to promote Hong Kong’s business opportunities

HONG KONG, Jan 9, 2023 – (ACN Newswire) – The Director-General of Investment Promotion at Invest Hong Kong (InvestHK) of the Government of the Hong Kong Special Administrative Region of the People's Republic of China, Mr Stephen Phillips, today (January 9) embarked on a duty visit to Jakarta, Indonesia, and Singapore this week as part of the latest efforts of InvestHK to promote Hong Kong's business attractions, including the opportunities arising from the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

Mr Stephen Phillips

Surayyah Ahmad on Greater Participation for Nigerian Women in Tech

ABUJA, NG, Jan 2, 2023 – (ACN Newswire) – Surayyah Ahmad, Ethco Group Ltd co-founder and Executive Secretary of Startup AREWA has discussed the underrepresentation of Nigerian women in the tech industry, and women's effective participation and equal opportunities for leadership at all levels of decision-making in the tech ecosystem. She identified several important elements that can raise women's involvement in technology and help the nation achieve a balanced workforce.

Surayyah Ahmad, Ethco co-founder and Executive Secretary, Startup AREWA, discussed underrepresentation of Nigerian women in the tech industry and opportunities for leadership at all levels of decision-making in the tech ecosystem. [Image: Startup AREWA]

"Studies from all across the world are showing that women are underrepresented in the tech industry, despite recent headlines concentrating on tech hiring sprees and the underrepresentation of diverse populations. Although the reasons for this differ, it is known that many people's decision to seek a career in technology dates back to their elementary school years," she says.

Women hold only 18% of undergraduate computer science degrees and 26% of computing occupations, according to the Bureau of Labor Statistics (BLS). Since the 1990s, there has been a decrease in the proportion of women working in computer science-related fields, from 35% to 26% between 1990 and 2013. According to the United Nations, only one in five experts in technical disciplines like artificial intelligence are women.

Only 16% of females at the pre-university level have had tech occupations recommended to them, and only 3% of them originally planned to pursue careers in technology, according to a recent report by Price Waterhouse Coppers (PwC) survey on women in technology. This figure is less in conservative regions such as Northern Nigeria, which, according to a World Bank report, could take more than 40 years to catch up with the country's southern region.

Regardless of the disparity in accessing opportunities, women are starting to develop ideas and lead change through technology in their immediate contexts, despite the disparities in access. Things are gradually changing as more young women become interested in technology. Despite the underrepresentation of women in the tech industry globally, women have demonstrated a remarkable capacity to advance society, such as by reviving small and medium-sized businesses in Nigeria.

Surayyah cited two sisters in Nigeria as an example of this achievement of women in technology. The sisters took the initiative to create an app, which would provide technical support to micro, small, and medium-sized businesses. According to the sisters, Kesandu and Dumebi Nwokolo, the app is intended to assist budding entrepreneurs and serve as a stepping stone that will increase visibility and ostensibly display these abilities, goods and services to the world.

Ms. Odunayo Eweniyi, the Co-founder of Piggy Vest, has opined that in Africa, the normative beliefs that put women in subordination to men as a culture while encouraging patriarchy have put women on the sidelines of critical decision-making around the world. She says, "The lack of women in tech can't be explained away by innate biological differences. It is really down to a combination of systemic bias, men funding men, and a working culture that excludes women."

Surayyah states that more women from Northern Nigeria are coming up with programs to help Northern women get into tech. Start-up Kano run by Aisha Tofa, the Brief Academy run by Farida Yahya, and TTlabs are currently some of the female-led institutions driving the inclusion of northern women in technology, mostly by providing mentoring and sponsorship to technology institutions.

Giving girls early access to technology is a good start, but it's never too late to give women the chance to get the experience they need to start a career in technology. Organizations can create valuable technical talent development programs that promote women and help diversity in representation and ideas, which frequently results in even greater innovation.

"Through job shadowing or internships, these programs give women a chance to learn technical skills that they can use in real life. Participants can learn useful information and meet other people who are interested in the same things they are. Even the experience gained can help develop their talents and launch a technological career," Surayyah said.

About Startup AREWA

Startup AREWA was established to organize, empower and promote the Northern Nigeria technology and Startup Ecosystem, with the overarching goal of using technology and startups as a strategy to combat unemployment and poverty across the Northern Nigeria.

From the first Bootcamp at Bello Memorial Foundation Hall in Kaduna to a series of over 20 Bootcamps across Northern Nigeria, engaging over 5000 Startups with support from innovators and public-private leaders, Startup AREWA is implementing its strategic plan of promoting and providing real-time support to Startups.

Official website: https://startuparewa.ng
Facebook: https://facebook.com/startuparewa
Twitter: https://twitter.com/startuparewa
Instagram: https://www.instagram.com/startuparewa/
Email: hello@startuparewa.ng

For more information, please visit https://startuparewa.ng, write to contact@startuparewa.ng, or call us on +234 90 9685 9999.

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

Dr. Marliyyah Mahmood discusses the Impact of Tech on Women in Northern Nigeria

ABUJA, NG, Jan 2, 2023 – (ACN Newswire) – Dr. Marliyyah A. Mahmood, Women In Tech and Project Manager for Startup AREWA, discusses how technology is enabling and enhancing women's empowerment in Northern Nigeria. She emphasizes some of the fundamental advantages of social media technologies, such as giving women access to a virtual environment where they may express themselves.

Dr. Marliyyah A. Mahmood, Women In Tech, Project Manager for Startup AREWA, spoke on how technology is enabling and enhancing women's empowerment in Northern Nigeria. [Image: Startup AREWA]

"It is impossible to overstate the importance of women in the growth of any nation, state, or community. This is to reiterate the critical role that women's education plays in long-term national development, which begins at home. Women are frequently observed to be the children's first teachers at home. A mother's influence on upbringing in any developing country, and the empowerment of women, has a significant impact on key developmental outcomes like health, education, reproductive patterns, income level, and other factors," said Dr Mahmood.

While a report from PWC in April 2020 states that 41% of micro-businesses in Nigeria are owned by women, a report in EFInA stated that 55% of the financially excluded adults in Nigeria are women, and of the 25.1 million financially excluded in the north, 13.1 million are women. Business transactions are largely cash within informal channels, as business funds are kept at home because financial institutions are concentrated in the state capital, while poor record-keeping from transacting through informal channels in turn hampers eligibility for credit.

The previous census, which was performed in 2006, indicated that women made up around 49.7% of the population of Nigeria. Despite this, Nigerian women (particularly those in the northern region) have not been able to change the long-standing status that society accords to women. There are a number of reasons why women in Northern Nigerian society are treated unequally, the majority of which can be linked to the patriarchal system in place and the general lack of gender awareness among the rural population, including women who have been socialized to accept their subordinate position.

However, with better access to information online, women have developed a greater sense of awareness. Online educational content, blogs videos and social media tools have given women access to a virtual world that provides them with opportunities for self-expression. Digital platforms are aiming to be more inclusive than ever before in light of the changing political conscience. It is now essential, not simply an option, to guarantee women's safety, inclusivity, and a voice at all intersections.

Through online workspaces, more women have recently been able to achieve financial independence. There are now more jobs available for women thanks to specific job postings on numerous online portals. Housewives or moms who have taken extended absences from the workforce now have access to special possibilities to re-enter the workforce. Many websites provide part-time and full-time occupations that people can undertake from home.

In Northern Nigeria, Startup AREWA and Financial Service Innovation (FSI) organized a virtual hackathon on financial inclusion amongst female entrepreneurs within the northern region by proffering simple and easy-to-use fintech solutions to increase more of their participation in setting up businesses. The innovative solutions developed from this hackathon were able to tackle the challenges faced by unbanked and underbanked female entrepreneurs in Northern Nigeria.

Dr. Marliyyah reveals how women now have access to a wide range of created opportunities online as a result of technology advancements. "Technology has helped women affirm their freedom of expression and right to the workforce, which they frequently find difficult to accomplish. This is a really great achievement that shows how it can be utilized to empower those with disadvantaged identities.

"However, it must not be overlooked that having internet access is necessary in order to take use of these virtual prospects. How many women and members of underrepresented groups actually have access to such technology is still an open subject. To ensure that intersectional gaps are filled and that technology and the internet are more widely available, intervention is necessary in this context."

About Startup AREWA

Startup AREWA was established to organize, empower and promote the Northern Nigeria technology and Startup Ecosystem, with the overarching goal of using technology and startups as a strategy to combat unemployment and poverty across the Northern Nigeria.

From the first Bootcamp at Bello Memorial Foundation Hall in Kaduna to a series of over 20 Bootcamps across Northern Nigeria, engaging over 5000 Startups with support from innovators and public-private leaders, Startup AREWA is implementing its strategic plan of promoting and providing real-time support to Startups.

Official website: https://startuparewa.ng
Facebook: https://facebook.com/startuparewa
Twitter: https://twitter.com/startuparewa
Instagram: https://www.instagram.com/startuparewa/
Email: hello@startuparewa.ng

For more information, please visit https://startuparewa.ng, write to contact@startuparewa.ng, or call us on +234 90 9685 9999.

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

TD VC is Launching a $100M Web3 ‘Special Situation’ Fund with $10M in GP Commitments

DUBAI, UAE, Dec 27, 2022 – (ACN Newswire) – TradeDog Group, the parent company of TD VC, announced the launch of their $100 Million Web3 "special situation" fund. The fund announcement comes with a GP commitment of $10 Million. The fund will re-structure and invest in projects with good products and businesses but struggling token markets.

This strategic move is a reflection of the commitment of TradeDog Group to web3 technology and blockchain-based applications. It paves a path for funding web3 initiatives that aim to make web-based services powered by blockchain better and more accessible.

TradeDog will leverage its following of more than 3 million Traders and Investors to build an active trading community for the portfolio of TD VC Fund 2, while TradeDog Market Management (TDMM) will be useful to execute sophisticated strategies in live markets (exchanges & DEXs) if required.

TD VC is a Multi-Strategy fund with a portion allocated to a flagship strategy "special situations investment." Through this, TD VC will provide crypto businesses with tailored injections of capital based on the requirements of the token. The thematic fund will primarily invest in companies with strong fundamental businesses but whose token markets are underperforming. TD VC's goal is to support the long-term growth of the digital ecosystem while maximizing risk-adjusted returns for investors, all underpinned by an emphasis on value, downside protection, and upside optionality.

As the fund's strategic partner, TDeFi will leverage its successful track record as a blockchain startup incubator and support TD VC with a range of deal flow and advisory services.

Rupesh Pednekar will be leading the operations for the fund. He is a partner and a seasoned strategic business leader who will bring his experience in building and growing startups on board as well as extensive technology and institutional financial experience. Rupesh has advised multiple entrepreneurs, startups, and mid-size firms in their growth strategy and venture capital raise as part of a boutique advisory firm. Previously, he spent more than eight years at Moody's Investors Service in New York City, where he led several critical initiatives around regulatory compliance, process and methodology upgrades, and technology transformation. Prior to Moodys, Rupesh successfully led high-impact projects at Verizon Wireless, including the 4G launch, billing systems upgrades, and technology integration for the company's many acquisitions.

Speaking about TD VC's vision for the fund, Pednekar said: "There has been a massive influx of talent from WEB2 to WEB3 and at TD VC we are looking to leverage that and bring about more adoption. There are a plethora of use cases for Web3 technologies and it is changing how value and equity is distributed. We aim to be a catalyst for innovation and believe our funding models will empower creators and disruptors in the web3 space to revolutionize the existing multi-layered blockchain ecosystem."

TD VC's fund will invest in promising young companies and support the limitless possibilities of Web3 tech, allowing entrepreneurs to bring forth innovative projects offering actual value in building the internet on blockchain. TD VC believes the crypto industry must keep volatile markets from getting in the way of innovation driving mass adoption.

About TradeDog Group

TradeDog is a Group of Crypto companies that helps projects in their token life cycle. In addition to TD VC, the companies in the ecosystem consist of TDeFi (https://tde.fi), a Web3 incubator. TDx, a Token launchpad with more than 30,000 whitelisted retail investors. TDMM (https://tdmm.io) enables Liquidity and Markets Management, helping tokens with Price and Volume management. TD Research is a Market Intelligence and on-chain analytics provider.

Website: https://td.vc/

Name: Rishabh Gupta
Designation: Director
Mobile: +91 9045622473
Email: pr@td.vc

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

Heavyweights to speak as AFF opens conference year

HONG KONG, Dec 19, 2022 – (ACN Newswire) – The 16th Asian Financial Forum (AFF), organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), will be held on 11 and 12 January next year in hybrid format.

Ban Ki-Moon, eighth Secretary-General of the United Nations and more policymakers and business leaders will deliver keynote speeches at AFF 2023.

Helen Clark, Former Prime Minister of New Zealand

Christiana Figueres, Co-Founder of Global Optimism and Former Executive Secretary of the United Nations Framework Convention on Climate Change

Themed "Accelerating Transformation: Impact – Inclusion – Innovation", the Forum will include addresses from more than 100 global business leaders, policymakers, financial and wealth management experts, entrepreneurs, tech giants and economists who will share their views on issues related to global finance, economy, trade and sustainability. The Forum will also provide a platform to connect participants for business and investment opportunities to strengthen Hong Kong's status as an international financial centre.

As the restrictions on arrivals have been relaxed, more international business travellers are expected to visit Hong Kong and participate in international conferences. To promote the vitality of the city, the HKTDC has curated a variety of exclusive benefits for AFF delegates from overseas, enriching their stay beyond the two-day forum.

Speakers include the Former Secretary-General of the United Nations (UN), Former Prime Minister of New Zealand and Former Executive Secretary of the UN Framework Convention on Climate Change

As the premier financial and business forum and the first large-scale business exchange event kicking off the new year, AFF assembles more than 100 heavyweight thought leaders to examine ways to formulate better business strategies and develop a blueprint for sustainable growth after a turbulent 2022, and explore how global corporates can work together to create a resilient economic landscape through innovation and inclusion. This year's forum draws a number of policymakers and business leaders to share their views, including the following three eminent keynote speakers:

– Ban Ki-moon, eighth Secretary-General of the UN

Ban Ki-moon served as Secretary-General of the UN between 2007 and 2016. During his tenure, he focused on the response to global challenges, from climate change and economic upheaval to pandemics and food and energy crisis. He will deliver his keynote address and share his insights on coping with global challenges and promoting sustainable development with multilateral cooperation on the first day of Forum (11 January).

– Helen Clark, Former Prime Minister of New Zealand

Helen Clark was the Prime Minister of New Zealand from 1999 to 2008. Throughout her tenure, she engaged widely in policy development and advocacy across the international, economic, social and cultural spheres. She will deliver her keynote address under the theme of equality and diversity on the second day of Forum (12 January).

– Christiana Figueres, Co-founder of Global Optimism and Former Executive Secretary of the UN Framework Convention on Climate Change

Christiana Figueres is an internationally recognised leader fostering climate action. As the Executive Secretary of the UN Framework Convention on Climate Change from 2010 to 2016, she actively coordinated climate change initiatives to jointly deliver the 2015 Paris Agreement. She will discuss the latest trends in climate action and net-zero policies on the second day of Forum (12 January).

Discussion sessions on hot market topics

The two-day Forum will include more than 40 discussion sessions, featuring heavyweight financial, government and business leaders to shed light on major topics, including global economic outlook, regional trade collaborations such as the Regional Comprehensive Economic Partnership Agreement (RCEP) and Guangdong-Hong Kong-Macao Greater Bay Area, asset and wealth management, environment, social and governance (ESG) and green finance, insurance and risk management, family office ecosystem, philanthropy and impact investing, financial inclusion, decentralised finance (DeFi), Web3 and Metaverse, monetary reforms and central bank digital currencies (CBDC) opportunities.

In the main panel discussions, international financial and business leaders including Valerie Baudson, Chief Executive Officer of Amundi; Takeshi Kunibe, Chairman of the Board, Sumitomo Mitsui Financial Group and Sumitomo Mitsui Banking Corporation; Robert F. Smith, Founder, Chairman & CEO of Vista Equity Partners; Mark Tucker, Group Chairman of HSBC Holdings; Dr Jose Vinals, Group Chairman, Standard Chartered; Dr Ridha Wirakusumah, CEO of Indonesia Investment Authority and James Turner, Group Chief Financial Officer, Prudential will examine macroeconomic trends amid the epidemic recovery and external uncertainties, and key market opportunities.

Tackling environmental challenges, energy and food crises has become top of the agenda on global level. Rapid development of Web3 and other financial technologies have also shaped the future of economy. In light of this, AFF will establish the Global Spectrum series, together with the Fireside Chat, to discuss various disruptive innovations and initiatives in society, covering venture capital and start-up ecosystem, transition to net-zero and ESG standard-setting, food security, health equity, metaverse and non-fungible token (NFT) and more. Speakers include Prof KC Chan, Senior Advisor, WeLab; Luanne Lim, Chief Executive, Hong Kong, HSBC; Benedicte Nolens, Head of the Hong Kong Centre, BIS Innovation Hub; Alfred Chuang, General Partner, Race Capital; Andrew Schwabecher, CEO & Representative Director, Japan Computer Vision Corp. and Adam Litle, Chief Executive Officer, Sound Agriculture. The Dialogues for Tomorrow series will also invite forward-looking industry leaders, including Sebastian Fahey, EVP, Managing Director, EMEA and Executive Lead, Metaverse, Sotheby's; Jeremy Coller, CIO, Managing Partner and Founder of Coller Capital and Charles Li, Founder and Chairman of Micro Connect.

AFF Deal Flow in hybrid mode with extended period

In addition to gathering global financial and business leaders to share insights, the HKTDC and the Hong Kong Venture Capital and Private Equity Association will again co-organise the AFF Deal Flow Matchmaking Session. The first two days of the matchmaking meeting (11 and 12 January) will allow participants to meet at the physical Forum venue, and continue online till 17 January with a digital extension, offering investors and project owners prolonged period to connect and explore collaboration opportunities. The matchmaking projects will cover industries ranging from deep technology, digital technology and media, medical technology, education and infrastructure to real-estate services. A function for identifying ESG-integrated projects debuted last year has also been enhanced to facilitate business matching.

Nearly 100 exhibitors showcase new technologies and investment opportunities

The AFF will also house nearly 100 local and overseas exhibitors, international financial institutions, technology companies, start-ups and investment promotion agencies and sponsors including PwC, Standard Chartered Bank, Bank of China, HSBC, UBS, China International Capital Corporation, Huatai International, Hong Kong Exchanges and Clearing Limited and Cyberport to showcase leading financial technologies. Three highlighted zones, including Fintech Showcase, InnoVenture Salon and FintechHK Start-up Salon will allow on-site participants to experience technologies of tomorrow.

Wide array of exclusive discounts and privileges for overseas delegates

As the first large-scale business exchange event in 2023, the HKTDC has curated a variety of exclusive travel, food and hotel discounts and privileges in collaboration with Hong Kong Tourism Board, Klook, LKF Concepts and hotels to encourage AFF delegates from overseas to make the most out of their stay and experience the vitality of Hong Kong outside the Forum.

Participants who register now can enjoy an early bird discount. More activity details, speaker line-up and media registration arrangements will be announced in early January.

Website
– Asian Financial Forum: https://www.asianfinancialforum.com/conference/aff/en
– AFF Programme List: https://www.asianfinancialforum.com/conference/aff/en/info-programme
– AFF Speaker List: https://www.asianfinancialforum.com/conference/aff/en/speaker
– Media Room: http://mediaroom.hktdc.com
– Photo download: https://bit.ly/3FklQrP

Members of the media interested in interviewing AFF 2023 speakers can send an email to tleung@yuantung.com.hk or ayiu@yuantung.com.hk on or before 5 January 2023.

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

Yuan Tung Financial Relations:
Tiffany Leung, Tel: +852 3428 2361, Email: tleung@yuantung.com.hk
Agnes Yiu, Tel: +852 3428 5690, Email: ayiu@yuantung.com.hk
Fung Wong, Tel: +852 3428 3122, Email: hfwong@yuantung.com.hk

HKTDC's Communications & Public Affairs Department:
Katy Wong, Tel: +852 2584 4524, Email: katy.ky.wong@hktdc.org
Snowy Chan, Tel: +852 2584 4525, Email: snowy.sn.chan@hktdc.org
Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.org

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

CleverTap appoints Satyadeep Mishra as Chief Human Resources Officer

MOUNTAIN VIEW, Calif. and MUMBAI, India, Dec 19, 2022 – (ACN Newswire) – CleverTap, the World's #1 Retention Cloud today announced the appointment of Satyadeep Mishra as their new Chief Human Resources Officer. He joins from the hospitality-technology platform, OYO where he worked as the Chief Human Resources Officer for its technology, product, global functions and international markets teams.

With over two decades of experience working with the likes of Jio, Barclays and Bajaj Finserv among others, Satya brings with him a demonstrable history of leading teams and conceptualizing innovative HR strategies across domains of talent acquisition, training & development, and performance management. He also played a pivotal role in the transformational growth journey of Jio's core telecom and digital initiatives.

"We are excited to have Satya onboard. Having nurtured some of the industry's leading experts, quality talent has always been a top priority for CleverTap. And with Satya's immense experience, I have no doubt that he will lead our People Strategy and continue to build on our culture which puts employees first, as we go from strength to strength in our journey as global MarTech leaders", said Sidharth Malik, Chief Executive Officer, CleverTap.

"It's an absolute pleasure to be part of such a dynamic and exuberant team. The growth of CleverTap over the past few years is a testament to the capabilities and dedication of everybody involved with the team. The roles that HR functions play, not just in people strategy, but even in business, have become significant for more companies especially within the era of work from anywhere. I am elated to be working with like minded individuals that understand the importance of retaining and nurturing bright talent. I am confident that together, we can scale new heights and break conventional barriers while creating value not only for our customers, but also for our employees world over", said Satyadeep Mishra, Chief Human Resource Officer, CleverTap.

About CleverTap

CleverTap is the World's #1 Retention Cloud that helps app-first brands personalize and optimize all consumer touch points to improve user engagement, retention, and life-time value. It's the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product.

The platform is powered by TesseractDB(TM) – world's first purpose-built database for customer engagement, offering both speed and economies of scale.

CleverTap is trusted by 1500 customers, including Gojek, ShopX, Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John's, and Tesco.

Backed by leading investors such as Sequoia India, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, Sao Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter.

Forward-Looking Statements

Some of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.

Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements.

CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction

For more information:
SONY SHETTY
Director, Public Relations, CleverTap
+91 9820900036
sony@clevertap.com

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

MX Hub Dubai Announces Launch of its Metaverse Incubator

DUBAI, UAE, Dec 16, 2022 – (ACN Newswire) – Since launching 2 months ago, MX Hub has achieved international recognition as a contributor to Dubai Metaverse strategy of global leadership. Located under the roof of the Dubai Ministry of Economy & Tourism, MX Hub has prepared the first Emtech Rating MX100, aimed at getting top rated companies to participate in the MX Sharing Ecosystem. MX Hub members get a revolutionary framework is designed to help startups accelerate the presence via the Emtech Rating System. The MX Hub Ecosystem provides a virtual office, registration / licensing at a fraction of the cost of setting up your own company in Dubai.

The MX Program Integration is based on a framework of transparency, trust and reporting that includes: Due diligence, inclusion in Rating of top 100 Emerging tech companies, strategic sessions with globally renowned experts, like Brett King, aimed at improving startups' strategy, PR, sales Technical integration with synergetic service provider, to facilitate sales and commercial rollout and participation and exposure across MX100 events.

Cost of MX Hub membership ranges from $2.5k-$5k monthly.

Compare: Instead of $120k + annual costs of running a business in UAE, you'd get representative office, sales representatives and business deals, several times more cost-efficient. MxHub's unique differentiator is geared toward supporting Top Startups the opportunity to drive valuation multiple through targeted execution and participation across the growing global Metaverse Ecosystem.

About MX Hub by Phygital:

A Custom made, first of a kind, Phygital platform, created to help startups and hi-tech companies to find investments, customers and strategic partners, help's investors filter opportunities and make the right investment. Our creative unique physical space is supported by the Virtual twin version with multifunctional options, VIP meeting spaces and chat rooms, to meet investors/clients.

What every member of MX hub gets:
– Pilot projects with selected MX Hub residents. The result: proven technologies of MX Hub residents, offered to MENA companies for export purposes.
– An increase in the valuation of startups via the scaling mechanism of MX – Metabook Sharing economy.
– Licensing synergetic technical tools of MX Hub residents, to reach sustainable competitive advantage, and leadership position.
– Integrated Public, Government and Investor Relations.

"We start with MX Hub event, a sort of "Oscar for Emerging tech startups", which is supposed to aggregate the global interest for MX startups," stated Edward Musinski Managing Director of MX Hub. "MX Hub Members are contributing to Sharing economy of innovators, by paying membership and sharing profit with MX Hub ecosystem,"

Inquires: mx@mxhub.co

Source: Plato Data Intelligence: Platodata.ai

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

Hafary poised to become a key player in Southeast Asia’s ceramic industry – JV to add manufacturing capabilities to its portfolio

Singapore, Dec 16, 2022 – (ACN Newswire) – Hafary Holdings Limited ("Hafary" or the "Group"), the leading distributor of premium ceramic tiles in Singapore has expanded its operations by gaining manufacturing capabilities through the incorporation of a new Joint Venture ("JV") Company, International Ceramics Manufacturing Hub Sdn Bhd ("ICMHSB"). The JV will enable the Group to move upstream and overcome supply chain constraints as well as leverage on majority shareholder Hap Seng Consolidated Berhad's ("Hap Seng") MML brand and its distribution networks to grow sales in Malaysia and the regional export market.

Since 2015, the strong union between the two companies, Hafary and Hap Seng, have provided a steadfast supply of ceramic tiles to the building material industry in the region. 2023 will see Hap Seng and Hafary move to the next level of their integration, with the ceramic manufacturing and distribution business divisions within the Hap Seng Group consolidated under the umbrella of Hafary, arguably one of the most competent players in this industry. The strong synergies are bound to solidify their leadership position in the ceramics industry going forward.

Strengthening core capabilities through a synergistic JV

With over 40 years of industry experience and its extensive distribution capabilities in Singapore, Hafary is well-positioned to capitalise on this regional expansion opportunity. Together with its JV partners, Guangdong ITA Element Building Materials Co. Limited ("ITA") and CNA Pte Ltd ("CNA"), the Group will lease two manufacturing plants in Johor, Malaysia, from Hap Seng Group.

CNA, an established premium tile manufacturer will bring its significant manufacturing capabilities and know-how into the JV. Having operated manufacturing plants in China for over 13 years and in Malaysia for over 3 years, CNA has vast experience in serving international markets like America, EU and Australia. Coupled with ITA's fine expertise in tile design patterns, Hafary is on track to become a key player in Southeast Asia's ceramic industry. To further build on their core capabilities, Hafary has plans to invest approximately MYR40 million to ramp up the plants' production capacity from approximately 16,000 m2 per day to approximately 41,000 m2 per day.

In addition to helming Hap Seng Group's ceramic business division, Hafary will also undertake the distribution of the MML brand of ceramic tiles through its wholly owned subsidiary Hafary Trading Sdn Bhd ("HTSB") for retail, project as well as export markets. With greater control over its supply chain, Hafary will be able to fully capture MML's steadily growing demand and will also be better equipped to take on larger project opportunities.

The road ahead: Forging a path to become key player in the ceramic industry in SEA
These strategic partnerships with Hap Seng's subsidiaries and the synergies that they will generate will help set Hafary on a robust growth trajectory. The joint venture will enhance not only Hafary's distribution outreach but also its production capabilities across Singapore, Malaysia and beyond. With this integration, Hafary strives to address potential supply chain issues in order to stay ahead of the competition. As Hafary continues to scale, it will aim for greater level of efficiency in its operations moving forward.

About Hap Seng Consolidated Berhad

Hap Seng Consolidated Berhad ("HSCB") is a public company listed on the Main Market of Bursa Malaysia Securities Berhad. HSCB is a diversified group with six core businesses namely plantation, property investment & development, credit financing, automotive, trading and building materials. Progressive and forward-looking, the Group's emphasis on value creation, operational excellence and sustainability has enabled the Group to consistently deliver value to our shareholders

About Hafary Holdings Limited

Hafary Holdings Limited ("Hafary") is a public company listed on the Main Board of Singapore Exchange. Hafary is a leading supplier of premium tiles, stone, mosaic,wood-flooring, quartz top and sanitary ware and fittings in Singapore. Leveraging on our strong sourcing and procurement network, we carry a wide variety of surfacing materials from Europe (mainly Italy and Spain) and Asia and supply to our customers at competitive prices.

About CNA Pte Ltd

CNA Pte Ltd ("CNA") focuses on ceramic tile manufacturing and currently have over 3 years' of experience in operating tile factories in Malaysia. CNA has extensive experience in the Ceramic manufacturing factory in China which focuses on high-end ceramic tile designs for international markets.

About Guangdong ITA Element

Guangdong ITA Element ("ITA") is Hafary's existing long term business partner in China and Hafary owned 50% shareholdings in ITA. ITA owned various design patterns in the tiles industry and has design capabilities. Since the establishment of this joint venture, Hafary has been sourcing tiles from ITA.

Issued for and on behalf of Hafary Holdings Limited. by Financial PR
Kamal SAMUEL/Shivam SARAF/Urvija DIWAN
Email: kamal@financialpr.com.sg / shivam@financialpr.com.sg / urvija@financialpr.com.sg
Tel: (65) 6438 2990 / Fax: (65) 6438 0064

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JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group make new strategic investment in operational risk management firm Acin

LONDON, Dec 15, 2022 – (ACN Newswire) – Acin, the global operational risk control data network, today announced it has closed $24 million in Series B funding from a strategic consortium of industry-leading banks, comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group.

The funding round was also supported by existing investors Notion Capital, Talis Capital and Fitch Ventures, the equity investment arm of Fitch Group.

This funding will enable further strategic product development in partnership with investing banks and existing clients. Additionally, it will enable Acin to expand and accelerate into new areas across the financial services industry.

Acin's platform empowers financial institutions to digitise their operational and non-financial risk analysis, using ground breaking data analytic capabilities. Acin has established a network that calibrates data and facilitates the sharing of best practice between firms, underpinned by a standardised library of risks and controls. The results revolutionise the understanding and management of firms' operational and non-financial risk positions accelerating their journey to become safer and more efficient. Minimising operational risk capital is a shared industry ambition and Acin's solution is a key building block.

Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/7475J_1-2022-12-14.pdf

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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