Hong Kong, PRC, Jan 5, 2023 – (ACN Newswire) – China South City Holdings Limited (the "Company" or the "Group", SEHK stock code: 1668.HK) is pleased to announce that China South International, a direct wholly-owned subsidiary of the Company, has entered into an investment agreement with Shenzhen Shenji No.1 Industrial Park Investment and Operation Co., Ltd. under Shenzhen SEZ Construction and Development Group Co., Ltd. ("SZCDG"), pursuant to which the latter has agreed to subscribe for 69.35% new shares of "China South City Xi'an" at a cash consideration of RMB5 billion (equivalent to approximately HK$5.58 billion). Upon completion of the transaction, the Group's shareholding in "China South City Xi'an" will be reduced from 100% to 30.65% and "China South City Xi'an" will cease to be a subsidiary of the Group and the transaction is subject to the approval of the independent shareholders of China South City. RMB2.86 billion of the subscription proceeds from this transaction will be used to repay the Group's shareholder loans, which will provide additional working capital for the Group, reduce the Group's gearing ratio and significantly improve its liquidity. The signing of this investment agreement marks another step forward in the cooperation between the Company and SZCDG, and represents SZCDG's strong support for the Group's operation and development. the consideration of the transaction approximates the carrying value of the net assets of China South City Xi'an as of 30 September 2022, which fully demonstrates SZCDG's high recognition of the Group's asset value and future development.
As disclosed in the announcement of the Company, China South City Xi'an is principally engaged in development and operation of integrated logistics and trade centres, and is located at the Xi'an international trade and logistics park, which is an open economic pilot zone and a core area for modern service industry established with strong support from the Xi'an government. China South City Xi'an has a total planned land area of approximately 10.00 million sq. m. and the total planned GFA of approximately 17.50 million sq. m. As of 30 September 2022, China South City Xi'an has acquired land with a total planned GFA of approximately 4.17 million sq. m. and has completed the construction of approximately 2.41 million sq. m., including a commodity trading centre, a logistics park and other ancillary facilities. In addition, business operation in China South City Xi'an covers various industries, including hardware materials and machinery products, curtains and fabrics, textile and clothing, leather and fur, automobile and motorcycle parts, building and decoration materials, 1668 New Times Square, outlets, crossborder e-commerce, Central Asia and ASEAN product exhibition centre, etc., on its trade centre premises, of which the commercial complex, 1668 New Times Square, was included in Shaanxi Provincial Key Project in 2019 and 2020.
During the year, SZCDG fully leveraged its strategic leadership role as a state-owned enterprise in various aspects to facilitate the Group's long-term and stable development. Firstly, in terms of senior management appointments, Mr. Li Wenxiong, chairman of SZCDG, was appointed as Co-Chairman and Non-Executive Director of the Group, while Mr. Wan Hongtao and Mr. Qin Wenzhong were appointed as the Group's Vice president and the Group's Chief Financial Officer respectively, and were also appointed as executive directors, thereby continuously strengthening the Group's senior management team. In addition, SZCDG continued to provide financial support to the Company during the year to improve the Company's operations and improve its liquidity. In May 2022, the subscription by SZCDG was officially completed, whereby the Company issued and allotted 3.35 billion new shares to SZCDG under the special mandate and subscription agreement and received total proceeds of HK$1,909.5 million, significantly improving the Company's overall capital and financial strength while welcoming a state-owned background. In July 2022, the Group entered into an agreement with SZCDG for the transfer of 50% equity interest in First Asia Pacific Group Company Limited at a consideration of RMB1,257 million; in the same month, SZCDG supported the extension of the terms of five offshore US dollat senior notes of the Company by way of keepwell agreement. In November 2022, subsidiaries of SZCDG have taken the lead in setting up an equity investment fund with a total size of approximately RMB11 billion and coordinated with the Group to work closely with relevant banks to promote the formation of a syndicated loan, thus providing another strong financial support for the Group's future growth, and the China South City Xi'an transaction is the first step under this plan.
In terms of business, with the investment by SZCDG, the Company has entered into strategic cooperation with seven major enterprises, including a strategic cooperation agreement with Pengcheng Smart Sharing Technology (Shenzhen) Co., Ltd. and Shenzhen Planning Institute under SZCDG. In addition, as recommended by SZCDG, China South City reached a cooperation agreement with Shenzhen International Holdings to effectively revitalize its assets and further strengthen its cash flow by transferring its Qianlong Logistics' two high-standard logistics and warehousing projects in Zhengzhou and Hefei. By taking a series of proactive measures, China South City reduced its gearing ratio to 63.8% and recorded a net asset value of approximately HK$3.71 per share.
About China South City
China South City Holdings Limited ("China South City", stock code: 1668.HK) is a leading developer and operator of large-scale integrated logistics and trade centres in China, and has positioned itself to be "world-class integrated trade and logistics centre, digital centre, innovation centre and living centre".
As an industry leader, China South City insists on serving the nation by promoting the transformation and upgrading of regional economy and new urbanisation, and has developed a diversified and flexible business model with core business formats covering professional wholesale markets, warehousing, logistics and distribution, integrated commercial, e-commerce, convention and exhibition, daily life facilities and integrated property management, etc. It has developed and operated projects in Shenzhen, Nanning, Nanchang, Xi'an, Harbin, Zhengzhou, Hefei and Chongqing. China South City has a core subsidiary, the Business Management Division, as well as various branded professional companies such as Huasheng Commercial, China South City Logistics Group, First Asia Pacific Property Management ( associated company), China South City Micro-credit and Huacaitong Digital Technology.
In 2014, Tencent Holdings Limited invested in China South City, and the two parties used their respective resource advantages to start new exploration of China South City's business model; in 2022, SZCDG became the single largest shareholder of China South City, bringing the resource advantages of state-owned enterprises to China South City to start a new chapter of high-quality integrated development. For more information, please visit the Company's website at http://www.chinasouthcity.com/
Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com
Tag: Transport & Logistics
Startups rapidly emerging from Central Japan – local entrepreneurs explain why
Central Japan, Dec 2, 2022 – (ACN Newswire) – Central Japan, the region in which the new anime-themed park famous for its sci-fi fantasy machines and vehicles debuted earlier last month, is quickly becoming the homeland of startups paving the way towards the future of mobility. Earlier this week, the Japan External Trade Organization (JETRO), together with the Central Japan Startup Ecosystem Consortium, organized a tour to show the media how this lesser-known part of Japan, compared to Tokyo, Osaka or Kyoto, was rapidly giving birth to local entrepreneurs – as the result of education, collaboration, and homegrown determination. The century-old industry and network of suppliers in Aichi, Nagoya and Hamamatsu is also opening up to collaborate with startups from all corners of the world.
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1. Education
Yukiko Konishi, vice director of the Startup Promotion Office at Nagoya University, or NU, explained how rival universities in the Central Japan region started to join forces to form the Tokai Network for Global Leading Innovation Platform (Tongali) in 2015. Today, 18 universities stand behind a vision to "cultivate human capital that creates and delivers value leading to the future and enriching people, society, and earth" through entrepreneurship education. In 2020, over 4000 high school students to scholars and graduates participated in Tongali's educational events and programs. As a Tongali co-founder and Startup consortium member, she noted NU was a staple in the outcome of this endeavor. 67 entrepreneurs (as of November 2022) who took flight from NU including Optimind, a Forbes 30 Under 30 Asia 2020, and Acompany, a Forbes 30 Under 30 Japan 2021.
Three NU startups shared their stories. Deep-tech startup Tier IV's chief strategy officer, Ko Miyoshi, explained their world's first open-source software for autonomous driving, which runs on multiple platforms and provides full-stack solutions for the commercialization of intelligent vehicles. Called Autoware, its the equivalent of "Intel inside" for autonomous driving, adopted by over 500 companies across the globe. Toyota's battery-electric shuttle buses and Robo Taxi also partner with TIER IV, while Taiwanese manufacturer Foxconn has agreed to a joint development project for autonomous personal cars with a precondition of Autoware in future EV platforms.
On the Delivery Robot front, we turned the spotlight on Dr. Jude Nwadiuto from Nigeria, a postdoctoral fellow at Nagoya University. Receiving a Ph.D. in autonomous driving and robotics from Nagoya University, the founder and CEO of Fainzy Technologies demonstrated how the warm and cute-looking Mira X and ZiBot models were more seriously gun-ho than meets the eye, going beyond just delivering the payload. Mira X's artificial intelligence (AI) can avoid getting stuck by predicting its path and detecting when food is taken, with a 3D Holographic fan for advertising quality. And ZiBot can make highly accurate decisions from AI-based demand forecast data collected through 360-degree environment sensing.
Another lab-born startup, PotStill's demonstration was a fine blend of technology and psychology. PotStill was established in August 2020 to develop a "driver agent that promotes the improvement of driving behavior", and elemental technology for reducing accidents of elderly drivers based on human interaction research. PotStill director Takahiro Tanaka Ph.D., a designated professor at the Institute of Innovation for Future Society at NU, took participants on a test drive with an adorable 8-inch-tall robot alerting for speeding or stop signs in a relatively narrow residential area.
2. Collaboration
The City of Nagoya's Innovation Department stressed Central Japan's startup ecosystem provides everything a startup needs. On top of the local government's generous support, the region has everything from startup hubs and venture finance to business matching sessions with highly trained workers in many specialized fields, such as mobility. Representatives from Aichi prefecture and Japan's largest incubation hub-to-be, STATION Ai, added that "the region invites entrepreneurs and capitalists from all corners to facilitate state-of-the-art open innovation by infusing new ideas with local craftsmanship." Participants witnessed a few examples:
Home-grown startup SkyDrive's Hiroyuki Murai, chief strategy officer, showed renderings of their new SD-05 two-seater flying car scheduled to fly at the 2025 World EXPO. His team comprises industry specialists from diverse backgrounds, including Bombardier and BAE Systems. But he also stressed that they would not have come this far without the partner ecosystem supporting them in mass production, flight control, charging facilities, parts procurement, leasing, and port architecture.
Koji Ishizuka, senior director of the Electrification Systems Business Group at DENSO, praised Urban Air Mobility (UAM) startups for accelerating technological advances, which would take far longer with larger established enterprises. Ishizuka described how their alliance with Honeywell led them to develop a propulsion solution for German air taxi startup Lilium's All-Electric Jet. DENSO and Honeywell have global project teams in Japan, the EU, and the United States, to expand their Electric Propulsion Unit supply for a growing UAM market demand.
In addition to the collaborative nature of the local business community, Dr. Yoshihiro Takiguchi, president of The Graduate School for the Creation of New Photonics Industries (GPI), described how the city's location, landscape, and climate, made it a microcosm of the nation. "The unique environment, combined with close ties between academia, industry, government, and finance, makes the region a perfect testing ground for startups, regardless of where they are headquartered," added Hamamatsu City officials.
3. Determination
Another recurring theme participants heard throughout the tour was "social purpose." Shunsuke Toya, CEO of ProDrone, explained how a flying mini-truck concept was the answer to their aspiration to solve societal challenges such as aging or inaccessible communities, maritime disasters, and terrorist attacks. Their belief led them to develop a variety of industrial drones specially designed for goods delivery, sea & air integration, long-range heavy-duty, and surveillance. Earlier this year, they partnered with a pharmacy chain to deliver medicines to remote areas of Japan. However, they are determined to go further with a macho-drone that can carry a payload of 50 kilograms over a distance of 50 kilometers.
eve autonomy, founded by Yamaha Motor and TIER IV, is an automated cargo transportation service for factories. Given the shrinking population in Japan, balancing human labor reduction and the safety of the plants is a pressing issue. Business development manager Iwakazu Nishikawa described how their award-winning products outperform conventional AGVs, which had difficulties operating between multiple buildings. Before the joint venture, AGVs, or Automated Guided Vehicles, could neither cope with congested traffic on-premise, maneuver irregularities such as ditches/manholes or slopes nor divert from a fixed guided route.
Director Haruyoshi Toyoda, Hamamatsu Photonics Central Research Laboratory, and his team demonstrated what the microscopic photonic sensing technologies embedded deep inside various daily products do. Autonomous driving would not be without the technology used in high-resolution Light Detection and Ranging (LiDAR). It is a remote sensing technology that measures distance by irradiating laser light on objects and catching the light reflected with a photosensor. Furthermore, the team said, "we are committed to continuously improving the performance of our lasers and sensors because it is a vital ingredient to achieve fully autonomous driving."
Participants also learned that the element of sound (or noise) was an unsung hero in driving safety. The operating officer of Yamaha Corporation, Electronic Devices Division, Nobukazu Toba explained how their longstanding expertise in acoustic research is being applied to Electric Vehicles (EVs) available today. EVs are silent. However, noise helps pedestrians know that a vehicle is approaching. Likewise, an accelerating sound helps drivers recognize speed. He also indicated that the company is in discussions with a Finnish startup to equip cars with warning sound signals (ie. bells and whistles in the driver's seat) coupled with vibrating features to discriminate from which direction the danger originates. "Acoustics and vibration have a lot in common."
Keiko Ihara, a Japanese race car driver, and first female driver to stand on the FIA World Endurance Championship (WEC) podium in 2014, founded Future Inc. two years ago to save her hometown's economy from deteriorating because of the pandemic. The series of carbon-neutral, maximum efficiency, lightweight e-bikes she designed takes many of its cues from racing cars. But her ultimate goal is to create a mobility-sharing service connected to a regional online portal of e-commerce, delivery, clinics, internet banking, and govt services. The grand vision of this new business model will not only revive local resorts and tourist spots, as she initially sought, but may even transform petrol stations into evolving community centers where people come together.
"The funds raised by startups in Japan are small compared to other parts of the world," noted Ihara in her talk. However, she cited Prime Minister Kishida positioning 2022 as the first year for actively fostering the founding of startups. "I believe clusters and pockets of communities all over Japan will start to connect to form an even bigger network of ecosystems. Because," she humbly added, "there is only so much you can do alone."
About the Central Japan Startup Ecosystem
There are 371 startups in Central Japan, of which 150 are university-launched. An estimated 18.615 billion yen (as of July 2022) of funds have been raised, in addition to accelerator programs, financial support systems, and innovative university seeds. Collaborative partnerships with Station F, INSEAD, BLOCK71, Paris&Co, Bpifrance, Venture Cafe, Plug and Play, Israel Innovation Authority, Tsinghua University, China Medical University, National University of Singapore, The University of Texas at Austin, Stanford University, North Carolina State University, University of Nebraska and the Indian Institute of Technology Hyderabad attract a diverse range of entrepreneurs to the region. For more information, please visit https://central-startup.jp/en.
Scheduled to open in 2024, STATION Ai will be a world-first, top-notch global innovation center. The center will provide a one-stop, one-loop link to world-class startup support programs through liaison with leading-edge startup support bodies and universities. Please visit https://www.aichi-startup.jp/english/support/.
About the Central Japan region
In July 2020, Aichi prefecture, the City of Nagoya, and Hamamatsu City of Shizuoka became one of the four regional Startup Ecosystem Global Base Cities groups designated nationwide by the cabinet office. The GDP of this region is 44,093.2 billion yen (as of 2019), mainly attributed to key industries such as Automotive, Aerospace, Machine Tools, Production Machinery, Iron and Steel, Musical Instruments, and Photonics/Electronics. The region's mission is to positively impact society by bringing the future of mobility to our doorsteps as soon as possible. The 6,731 km2 area is currently home to 8.29 million people, out of which over 300 thousand are foreign nationals – and will be a home-from-home for entrepreneurs and startups who share the same will and passion. In addition, various chill-out activities such as surfing, hiking, camping, paragliding, and ski/snowboarding are easily accessible. At the same time, seasonal marathon events and Formula One races are also hosted in adjacent cities. Furthermore, the American Chamber of Commerce, Tokai Japan Canada Society, Chubu Walkathon & International Charity Festival, and Nagoya Vegan Gourmet Festival are opportunities to meet like-minded locals.
Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com
Asian Logistics, Maritime and Aviation Conference concludes
HONG KONG, Nov 23, 2022 – (ACN Newswire) – With a lengthy history as a global trading port, Hong Kong this week hosted the 6th edition of Hong Kong Maritime Week. The week's flagship event was the 12th Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), which came to a close today. This signature two-day event for the maritime, air freight, logistics and supply chain management sectors and shippers from diverse manufacturing industries drew more than 90 industry experts and leaders sharing insights at over 30 sessions. ALMAC this year attracted more than 14,000 online and physical participants from over 50 countries and regions.
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Themed "The Future of the Sustainable Supply Chain: Connectivity, Collaboration, Innovation", the hybrid-format conference attracted industry players from around the world who expanded business connections and explored partnership opportunities both face-to-face and virtually. Satellite conference venues across Mainland China, the wider Asian region, Australia and Europe also hosted physical events. In addition to relaying the conference from Hong Kong, some satellite venues invited experts to address logistics issues and share their experiences as well as join face-to-face exchanges and business matching activities.
Collaboration on supply chain integration to create opportunities
In the first Power Dialogue session, industry leaders discussed how Regional Comprehensive Economic Partnership (RCEP) economies create opportunities by integrating regional trade and supply chains, and discussed strategic plans to capture opportunities. Daryl Tay, President, North Asia District of UPS Parcel Delivery Service, said RCEP opened huge opportunities in Asia. Regional collaboration was the key, so it was important to help SMEs understand the agreements and capitalise on RCEP opportunities.
GBA, decarbonisation and sustainable development
Connectivity is a major component of cooperation among the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) cities. The two maritime forums on day one brought together experts from maritime and technology sectors to examine Hong Kong's unique role as an international maritime hub. Speakers discussed shipping sustainability, decarbonisation and digitalisation through practical collaborative action and uncovered potential opportunities and benefits switching to sustainable and digitalised shipping. Simon Bennett, Deputy Secretary General of International Chamber of Shipping, said moves towards sustainable supply chains through measures, such as greener fuels, played a key role in supply chain optimisation. Limited time meant it was important that economic measures be developed at a global level because, despite positive progress, investors needed a prompt signal, while fuel producers and shipowners should have incentives to invest in new fuel uptake.
Exhibitors showcase logistics solutions
Complementing the conference, an exhibition featured more than 50 stalls showcasing supply chain solutions and innovative logistics technologies to help SMEs enhance supply chain management. The HKTDC organised business matching meetings for participants and exhibitors to facilitate collaboration.
Hong Kong Maritime Week flagship event
ALMAC is the flagship event of Hong Kong Maritime Week, organised by the Hong Kong Maritime and Port Board. The sixth Hong Kong Maritime Week runs from 20 to 26 November to showcase the vibrant Hong Kong maritime industry and promote Hong Kong as a preferred base for maritime business.
ALMAC: https://www.almac.hk/main/en/
Photo download: https://bit.ly/3V2OPqy
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
Please contact Impact Communications Company:
Cindy Chung, Tel: +852 9166 0827, Email: cindy.chung@impact-cc.com
Raymond Lee, Tel: +852 6539 4089, Email: raymond.lee@impact-cc.com
HKTDC's Communications & Public Affairs Department:
Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.org
Clementine Cheung, Tel: +852 2584 4514, Email: clementine.hm.cheung@hktdc.org
Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org
Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com
The 12th Asian Logistics, Maritime and Aviation Conference Opens
HONG KONG, Nov 22, 2022 – (ACN Newswire) – The 12th edition of the Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and Hong Kong Trade Development Council (HKTDC), opened today at the Hong Kong Convention and Exhibition Centre (HKCEC) in person and online. This year's ALMAC is expected to attract over 14,000 viewers from over 50 countries and regions. At this annual signature event for the maritime, air freight, logistics and supply chain management sectors and shippers from different industries, more than 90 industry experts and leaders will share their insights at close to 30 sessions.
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Dr Peter K N Lam, Chairman of the HKTDC welcomed international delegates to the conference, saying: "In the past year, economies have confronted a myriad of challenges, not least the pandemic, war, inflation and rising energy prices. No country or region, including Hong Kong, is immune to these developments. This attests to how connected our world is today. We may live on opposite sides of the world from each other, but the phenomenon of globalisation has, particularly over the last few decades, intertwined our fates ever closer. The logistics, maritime and aviation industries are a principal driver and guardian of our interconnectedness. In today's increasingly globalised world, they flourish most in an environment of stability. The resilience and sustainability of global supply chains guarantee their continued growth. The disruption and delays caused by the pandemic in the past three years have highlighted an urgent need to assess how we can manage supply chains differently, so they are better equipped to withstand future challenges."
Paul Chan, Financial Secretary of the HKSAR, officiated at the online opening, saying: "There is clear and compelling direction in the National 14th Five-Year Plan and the development plan for the Greater Bay Area. Together, they confirm Hong Kong's future as both an international shipping centre and a premier international aviation hub. To achieve those goals, Hong Kong will continue to integrate into our country's overall economic development. We will fully embrace the boundless opportunities they present us, in logistics – and a great deal more. There is, strategic direction, too, in this year's theme: 'The Future of the Sustainable Supply Chain: Connectivity, Collaboration, Innovation.' It hammers home what we need to realise the future we want."
International speakers analyse the latest trends in the global logistics, shipping and air freight industries
This year's conference featured a wide range of panel discussions and forums with a strong line-up of speakers. Global industry leaders discussed international and regional collaboration, the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the Regional Comprehensive Economic Partnership (RCEP), innovation and technology, and sustainable developments from a variety of perspectives.
In the keynote address this morning, Xiangchen Zhang, Deputy-Director General of the World Trade Organization, examined how governments and businesses in the international arena may join forces to mitigate the impact of supply chain disruption.
"Challenges and opportunities are the two sides of the same coin. To address common challenges in global supply chains, we will rely on connectivity, collaboration and innovation," said Zhang.
This was followed by the Plenary Session featuring global business leaders, including Mathieu Renard Biron, Managing Director of Global Freight Forwarding of Kerry Logistics, Ludovic Renou, CEO of CMA CGM China and Wilkie Wong, Chief Financial Officer of Esquel Group, who discussed how business evolution and supply chain transformation can steer business growth and achieve sustainable development amidst the current economic climate by building connectivity, fostering collaboration and driving innovation.
Mathieu Renard Biron said: "Given all the disruptions of supply chain in the past two years, more opportunities will be coming from Asia while leading to the change of people's expectations and experiences." He added that collaborations and partnerships are needed to foster innovation. The use of AI machine learning technology, for example, is part of our new normal.
Air Freight Forum: Hong Kong as an international aviation hub in the post-pandemic era
As an international aviation hub, the Hong Kong International Airport (HKIA) is one of the busiest and most advanced airports in the world. The Air Freight Forum, co-organised with the Airport Authority Hong Kong, discussed HKIA's "Airport City" vision covering the third runway, express air cargo terminal expansion, the new premium logistics centre, staff training strategies and the synergy created by HKIA and airports in Mainland China.
Maritime Forum: The Way forward
Connectivity is a major component of cooperation among GBA cities. In the first of two Maritime Forums on day one, leaders from the maritime and technology sectors examined Hong Kong's role as an international maritime hub in the GBA. Industry experts engaged in conversation on shipping sustainability, decarbonisation and digitalisation in the second Forum.
The Power Dialogue, titled "Asia for Asia – Powering the Growth of Supply Chain Networks", featured Kian Chuan Chang, Regional Director of Customs Brokerage & Trade Compliance of GEODIS APAC (Holdings), Wingco Lo, Executive Vice President of The Chinese Manufacturers' Association of Hong Kong, Daryl Tay, President, North Asia District of UPS Parcel Delivery Service and Eva Tsang, Assistant Vice President and Executive Director Opal Cosmetics Group. They looked at how RCEP creates opportunities through the integration of regional trade and supply chains and shared their strategic plans for capturing future opportunities.
In the Thematic Session, Terence Chiu, Commissioner of the Hong Kong Export Credit Insurance Corporation, together with Ivy Tse, Co-Chief Executive Officer and Co-Founder of FreightAmigo, shared how businesses can capture opportunities created by supply chain integration in the GBA. This session provided practical insights and solutions for SMEs looking for expansion into the GBA.
Tech experts at InnoTalks underscored game-changing innovative solutions and technologies that are driving advancements in modern logistics and smart supply chain development, helping companies to stay ahead of shifting consumer demands and expectations.
Asian Logistics, Maritime and Aviation Exhibition: Connecting logistics technology and solution providers with shippers
Over 50 exhibitors showcased their latest logistics and supply chain solutions, and innovative technologies to help SMEs enhance their global supply chain management. The HKTDC also arranged business matching sessions for participants to drive more business cooperation.
In addition to the main physical event in Hong Kong, the HKTDC organised ALMAC satellite conferences in Chengdu, Fuzhou, Wuhan, Taiwan, Budapest, Edinburgh, Hamburg, Milan, Paris, Sydney and Warsaw. In addition to running a live broadcast of the Conference, some experts participated in selected satellite venues to address logistics issues and shared experiences from a local perspective.
Shipper's Forum shares latest fulfilment trends
The newly introduced Shippers' Forum, titled "E-commerce Fulfillment in Asia", will be held tomorrow (23 November) with Jenny Hui, General Manager of eBay Hong Kong, Taiwan and Global Emerging Markets sharing latest fulfilment trends and best practices for delivering reliable and agile fulfilment solutions.
In the Power Dialogue on the same day, Pippo Au, Head of Supply Chain of Maxim's Group and Suzanne Cheung, Head of Public Affairs, Communications and Sustainability of Swire Coca-Cola Hong Kong, will highlight how companies are marching towards a sustainable supply chain.
In the Closing Session, Chee Choong Ng, Senior Vice President & Managing Director Hong Kong & Macau, DHL Express (Hong Kong), Fox Chu, Partner of McKinsey, John Parkes, Managing Director – Integrated Logistics of Kerry Logistics and Graziano Terenzi, CEO of Inglobe Technologies, will discuss the metaverse and how the logistics industry can make use of robotics, extended reality, augmented reality and other technologies to drive industry development.
Flagship event of Hong Kong Maritime Week
ALMAC is Hong Kong Maritime Week's flagship event and is organised by the Hong Kong Maritime and Port Board and supported by the Hong Kong Logistics Development Council.
ALMAC: https://www.almac.hk/main/en/
ALMAC programme: https://almac.hktdc.com/conference/almac/en/programme
ALMAC speaker list: https://almac.hktdc.com/conference/almac/en/speaker
Photo download: https://bit.ly/3TZdIC6
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
Please contact Impact Communications Company:
Cindy Chung, Tel: +852 9166 0827, Email: cindy.chung@impact-cc.com
Raymond Lee, Tel: +852 6539 4089, Email: raymond.lee@impact-cc.com
HKTDC's Communications & Public Affairs Department:
Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.org
Clementine Cheung, Tel: +852 2584 4514, Email: clementine.hm.cheung@hktdc.org
Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org
Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com
The 12th Asian Logistics, Maritime and Aviation Conference takes place on 22 and 23 November
HONG KONG, Nov 14, 2022 – (ACN Newswire) – The 12th edition of the Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the Hong Kong Trade Development Council (HKTDC) and Government of the Hong Kong Special Administrative Region (HKSAR), will be held on 22 and 23 November at the Hong Kong Convention and Exhibition Centre (HKCEC) in person as well as online. ALMAC is one of a number of large-scale trade events organised by the HKTDC in Hong Kong in the past few months. This year's ALMAC is expected to attract over 14,000 participants from over 50 countries and regions.
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Under the theme, "The Future of the Sustainable Supply Chain: Connectivity – Collaboration – Innovation", ALMAC will examine issues faced by global businesses, such as the new normal supply chain, current challenges, opportunities through international and regional collaboration and future direction of sustainable development.
ALMAC brings together participants from logistics, maritime, air freight and supply chain management sectors to gain insights, exchange market intelligence and explore business opportunities. In addition to the main physical event in Hong Kong, ALMAC will organise satellite conference venues in various locations, including Chengdu, Chongqing, Fuzhou, Wuhan, Taiwan, France, Germany, United Kingdom and Hungary. In addition to running a live broadcast of the conference, some satellite venues will invite experts to address logistics issues and experiences from a local perspective and participate in face-to-face exchanges.
"The macroeconomic environment has been very turbulent, due to a series of factors from inflation, aggressive rate hike and currency fluctuation to geopolitical tensions and energy and food crisis. Against all these uncertainties, this year's ALMAC will focus on how businesses can work together to cope with the challenges in the supply chain, climate change and the economic recovery. Other areas of discussion will include the opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the Regional Comprehensive Economic Partnership (RCEP) and the innovative solutions and technologies that are driving advancements in modern logistics and smart supply chain development. ALMAC is a powerful platform to connect the global industry and I would encourage all shippers, including traders, exporters and manufacturers, to join the conference to understand the issues faced by the industry and capture new opportunities," said Dr Patrick Lau, HKTDC Deputy Executive Director.
Exploring the current business landscape
Around 80 industry experts in logistics, maritime, air freight and supply chain will speak in person or virtually. On day one, Hong Kong Special Administrative Region Chief Executive John Lee will deliver remarks, followed by a keynote address by Xiangchen Zhang, Deputy-Director General of the World Trade Organization, who will examine how governments and businesses in the international arena may join forces to mitigate the impact of supply chain disruption; the climate change crisis on global trade; and the post-pandemic economic recovery, while fostering greater economic inclusion for equitable growth and stabilising the international supply chain towards achieving sustainable development.
At the Plenary Session, ALMAC will invite global business leaders, including Mathieu Renard Biron, Managing Director of Global Freight Forwarding of Kerry Logistics, Ludovic Renou, CEO of CMA CGM China and Wilkie Wong, Chief Financial Officer of Esquel Group, to speak on how business evolution and supply chain transformation can steer business growth and achieve sustainable development across the current economic landscape building connectivity, fostering collaboration and driving innovation in the vibrant business environment, in order to navigate the new normal.
In the Power Dialogue on day one, titled "Asia for Asia – Powering the Growth of Supply Chain Networks", Kian Chuan Chang, Regional Director, Customs Brokerage & Trade Compliance of GEODIS APAC (Holdings) Pte. Ltd., Wingco Lo, Executive Vice President of the Chinese Manufacturers' Association of Hong Kong, Daryl Tay, President, North Asia District of UPS Parcel Delivery Service Limited, and Eva Tsang, Assistant Vice President and Executive Director of Opal Cosmetics Group Limited, will discuss how RCEP creates opportunities through integration of regional trade and supply chains and share their strategic plans for capturing future opportunities.
In the Thematic Session, Terence Chiu, Commissioner of the Hong Kong Export Credit Insurance Corporation, together with Ivy Tse, Co-Chief Executive Officer and Co-Founder of FreightAmigo, will share their insights on business strategies for the GBA, and how to capture the business opportunities created by supply chain integration in the GBA. The talk will provide workable insights and practical solutions for SMEs that want to expand markets in the area.
InnoTalks to explore smart tech in the supply chain
Technology advancements are not constrained by geographic boundaries and changes how companies operate and reshape the future of the logistics industry. James Leung, Vice President and Key Account of Geek+, Tim Liu, Vice President, Marketing of Neolix Technologies Co., Ltd. and Julian Ma, Founder and CEO of Inceptio Technology will share game-changing innovative solutions and technologies that are driving advancements in modern logistics and smart supply chain development, helping companies to stay ahead of shifting consumer demands and expectations.
Air Freight Forum to discuss Hong Kong as an international aviation hub in the post-pandemic era
The Hong Kong International Airport (HKIA) is one of the busiest and most advanced airports and continues to consolidate its status as an international aviation hub. In 2021, HKIA handled five million tons of cargo and retained its position as the world's busiest cargo airport for 10 consecutive years.
On the first day of the Conference, the Air Freight Forum, co-organised with the Airport Authority Hong Kong, will invite Marco Bloemen, Managing Director of Seabury Cargo, Samuel Lee, General Manager of DHL Express Central Asia Hub and Yin Daxue, CEO of Hong Kong Cingleot Investment Management Limited, to discuss HKIA's "Airport City" vision covering the third runway, express air cargo terminal expansion, the new premium logistics centre, staff training strategies and the synergy created by HKIA and the airports in Mainland China.
Maritime Forum to examine the GBA and sustainable development
Edward Liu, Partner of Haiwen & Partners LLP and Principal Representative of International Chamber of Shipping (China) Liaison Office, will examine Hong Kong's unique role as an international maritime hub. The global maritime industry is transitioning and there is an urgency to identify tangible action plans for sustainable development to achieve the International Maritime Organisation's 2050 greenhouse gas reduction target.
The second Maritime Forum will invite Simon Bennett, Deputy Secretary General of International Chamber of Shipping, Anne-Sophie Zerlang Karlsen, Head of Ocean Operations, Asia Pacific of Maersk, Michael Karlsen, CEO of Onomondo and Michael Fitzgerald, Group Deputy Chief Financial Officer of Orient Overseas Container Line Ltd, to discuss shipping sustainability, decarbonisation and digitalisation through practical collaborative action and uncover the potential opportunities and benefits from switching to sustainable and digitalised shipping.
Leading e-commerce marketplace to share success story
The rise of e-commerce has led to several challenges for online retailers and warehouses, as companies and customers look for a transparent, cost-effective, flexible, omnichannel fulfilment that can meet their respective demands.
The newly added Shippers' Forum will be held on the second day (23 November) with Jenny Hui, General Manager of eBay Hong Kong, Taiwan and Global Emerging Markets sharing the latest fulfilment trends and best practices for delivering reliable and agile fulfilment solutions that shape the future development of e-commerce.
Major global business trend creating smart and sustainable supply chain
Sustainability is a popular topic on the world's supply chain agenda. In the Power Dialogue, Suzanne Cheung, Head of Public Affairs, Communications and Sustainability of Swire Coca-Cola Hong Kong, will share best practices of and carbon reduction approaches to integrating sustainability with the corporate core values and supply chain management for driving business growth and co-creating sustainable global development.
HKTDC has organised two Supply Chain Management & Logistics Forums with The Hong Kong Shippers' Council and GS1 Hong Kong, respectively. For Supply Chain Management & Logistics Forums I, industry experts Lyan Law, Head, Industry 4.0 and Industrial Drone Solution of the Hong Kong Productivity Council, Felix Wong, Sales Director of Acquaintance Enterprises Limited, will share smart and agile supply chains through innovations. For the Supply Chain Management & Logistics Forums II, Ben Au, General Manager of Empower SCM Ltd., Johnny Wong, Director, Supply Chain Asia Pacific of Bausch & Lomb HK Limited and Rick Woo, Co-founder of LOST, will talk about smart and innovative supply chains and operational strategy transformation from an omnichannel model to a meta-channel model.
In the Closing Session, Chee Choong Ng, Senior Vice President & Managing DirectorHong Kong & Macau, DHL Express (Hong Kong) Limited, Fox Chu, Partner of McKinsey, John Parkes, Managing Director – Integrated Logistics of Kerry Logistics and Graziano Terenzi, CEO of Inglobe Technologies, will discuss the metaverse and how the logistics industry can make use of robotics, extended reality, augmented reality and other technologies to drive industry development.
During ALMAC 2022, the discussions are complemented by an exhibition featuring over 50 exhibitors showcasing logistics and supply chain solutions, innovative technology and operating systems, which help SMEs enhance their global supply chain management. The HKTDC will be arranging business matching sessions for participants to drive more business cooperation.
The forums will gather many notable speakers, including: (the sequence is sorted alphabetically by the speakers' surnames)
– Simon Bennett, Deputy Secretary General, International Chamber of Shipping
– Edward Liu, MH, Partner, Haiwen & Partners LLP., Principal Representative, International Chamber of Shipping (China) Liaison Office
– Mathieu Renard Biron, Managing Director – Global Freight Forwarding, Kerry Logistics
– Chee Choong Ng, Senior Vice President & Managing Director, Hong Kong & Macau, DHL Express (Hong Kong) Limited
– Terence Chiu, Commissioner, Hong Kong Export Credit Insurance Corporation
– Daryl Tay, President, North Asia District, UPS Parcel Delivery Service Limited
– Ludovic Renou, Chief Executive Officer, CMA CGM China
– Eva Tsang, Assistant Vice President and Executive Director, Opal Cosmetics Group Limited
– Jenny Hui, General Manager, eBay Hong Kong, Taiwan and Global Emerging Markets
– Ivy Tse, Co-Chief Executive Officer & Co-founder, FreightAmigo
– Anne-Sophie Zerlang Karlsen, Head of Ocean Operations, Asia Pacific, Maersk
– Wilkie Wong, Chief Financial Officer, Esquel Group
– James Leung, Vice President, Key Account, Geek+
– Xiangchen Zhang, Deputy-Director General, World Trade Organization
– Mr Michael Fitzgerald, Group Deputy Chief Financial Officer, Orient Overseas Container Line Ltd
Members of the media wishing to interview speakers can email interview requests to raymond.lee@impact-cc.com or cindy.chung@impact-cc.com by 18 November 2022. For the latest programme and speaker list, please visit: https://www.almac.hk/main/en/.
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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
Please contact Impact Communications Company:
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HKTDC's Communications & Public Affairs Department:
Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.org
Clementine Cheung, Tel: +852 2584 4514, Email: clementine.hm.cheung@hktdc.org
Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org
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SCGL and JWD announce merger to combine strength to leverage regional business expansion
BANGKOK, Oct 27, 2022 – (ACN Newswire) – SCG Logistics Management Company Limited ("SCGL") and JWD InfoLogistics PCL (SET: JWD), the two leading logistics and supply chain service providers at the ASEAN level together announced a crucial merger deal to form a partnership under SCG JWD Logistics PCL (SCGJWD) in a move to combine strength and increase the service level capability to become the largest Integrated Logistics and Supply Chains Solutions Provider in the ASEAN region with a wide variety of integrated services to cover all industrial groups to increase the opportunities for exponential growth derived from the customer bases of the two companies, while drawing up a strategy to expand the businesses in the ASEAN region.
Mr. Charvanin Bundikitsada, Chairman of the Executive Committee and Chief Executive Officer of JWD Pcl. (JWD), revealed that the Company has moved ahead to merge the Company with SCG Logistics Management Company Limited (SCGL), which is a subsidiary of Siam Cement PCL (SCC), following the Company's Board of Directors' Meeting on October 26, 2022 resolving to propose to the shareholders' meeting to consider and approve the merger between JWD and SCGL.
In this merger transaction, JWD will issue new ordinary shares to the amount of not more than 791,020,363 million shares and offer them as private placements (PP) to the existing shareholders of SCGL at the price of 24.02 baht per share as compensation for the transfer of all SCGL ordinary shares in a share swap. Following the completion of the share swap, SCGL's existing shareholders will hold shares in JWD in the proportion of not more than 43.7 percent of all JWD's voting shares after the transaction.
In this regard, JWD will convene the Extraordinary General Meeting of Shareholders No. 1/2022 on December 8, 2022 at 1:30 p.m. at Banthat Thong Meeting Room, 6th Floor, JWD Store it!, after setting the record date to finalize the list of bona fide shareholders on November 10, 2022, to consider and approve the merger plan and the capital reduction and the increase of the Company's registered capital to 905,510,153.00 baht from the original 509,999,971.50 baht through the issuance of new ordinary shares as previously stated. The merger transaction of SCGL and JWD is expected to be completed within Q1/2023.
Upon completion of the merger transaction, JWD will change its name to SCG JWD Logistics PCL with the SET-registered abbreviation of SJWD for share trading in the Stock Exchange of Thailand, The new Company will be managed jointly by Co-Chief Executive Officers (Co-CEOs) – Mr. Bunn Kasemsup, representing SCGL, and Mr. Charvanin Bunditkitsada, representing JWD. SCGJWD will proceed with the internal restructuring after the merger, when SCGJWD will accept the entire business transfers (EBT) of SCGL. This process is expected to be completed by the fourth quarter of 2023.
This merger combines the individual strengths of the two companies perfectly. These include JWD's expertise in specialized products such as temperature-controlled goods, hazardous goods and automotive, etc., while SCG is the expert in industrial products such as steel & construction materials, paper & packaging, and consumer products, etc. This synergy will help to increase the capability to provide logistics services from upstream to downstream along with a large variety of service models covering warehousing, supply chain and multimodal logistics, as well as the opportunity to create more synergy in the future. Moreover, the customer bases of both parties do not overlap significantly, thus growth from expanded customer base of both parties and the acquisition of a large customer base from within the SCG group will help to maintain growth and effectively reduce business volatility.
In terms of cost and management, the merger will immediately make SCGJWD the largest integrated logistics and supply chain service provider in ASEAN. This will result in the expansion of the businesses, the integration of key support departments, as well as the promotion of the application of shared resources for maximum benefit.
The business opportunities that the two parties have planned together can be summed up in three parts: (1) Increased revenue from cross-sale and up-sale from the existing customer bases of SCGL and JWD along with more cost savings; (2) The creation of added value to the existing services that both parties are experts in, such as cold storage, automotive warehousing, hazardous goods storage and multimodal transport, etc.; (3) Seamless connection of all service bases in the ASEAN region through the application of successful business models in Thailand to foster growth abroad; (4) Provide D2C (Direct to Consumer) services to meet the changing customer needs through private storage for rent, logistics for eCommerce businesses, and express logistics; and, (5) Continuously improve the scope of services in new businesses such as industrial real estate and software development services for logistics management.
"This merger deal is a large and important undertaking that we have carefully considered to be in the best interest of shareholders. This move will enable us to grow robustly and sustainably in the challenging and volatile market conditions. Both JWD and SCGL are two perfectly fitted jigsaw puzzle pieces, with each having a different customer base that can strengthen the other. With the strong potential of SCGJWD, we will be able to create boundless and sustainable growth, and will be able to deliver the solutions that are truly a One Stop Service."
Mr. Bunn Kasemsup, Managing Director of SCG Logistics Management Co., Ltd., said the merger with JWD is considered to be the combination of expertise of the two leading companies in logistics businesses to further increase the service capability and ramp up the growth of the businesses. SCGL has the expertise in providing logistics and supply chain services for the industrial groups and various consumer goods that have been garnered by providing logistics services for companies in the SCG Group and general customers, as well as the continuous investment in the development of innovation and technology. These include the control tower logistics and supply chain management control, telematics system to track the data on the delivery routes and to forward warnings to drivers, the automated storage and retrieval system (ASRS), and others. At the same time, SCGL also runs Taksapipat School that is tasked with safe driving training for truck drivers and forklift operators.
Moreover, SCGL has businesses in many countries as a result of the business expansion to support the business development of the SCG Group, namely in Vietnam, Indonesia, Cambodia, Lao PDR and the Philippines. The company is capable of providing cross-border logistics services from Thailand through Lao PDR and Vietnam to China, and barge transport to neighboring countries such as Cambodia and Myanmar. Also in the portfolio is the international sea-borne shipping service that can merge with that of JWD's to expand the scope of services to other countries in the ASEAN region.
SCGL has a plan to broaden the rail and air logistics services. Thus, upon the merger with JWD, we will be able to expand the network of multimodal transport services that will become much more comprehensive, to help optimize cost management and create added value for the business. This is important because the transportation of goods by ships and rail carries a lower cost than by road. The larger customer base will increase the opportunity in the hauling of both inbound and outbound cargo. In addition, more importance will be placed on sustainability, such as being "Green Logistics", with the focus being on better care for the environment and society through the reduction of energy consumption including the use of electric transport vehicles (EV) and utilizing energy from solar roofs atop the warehouses, etc.
On the cooperation in the expansion of businesses abroad, we consider Vietnam, Indonesia and the Philippines as countries with high potential due to their above-average economic growth over and above the regional median. Therefore, there exists a need for warehouses and logistics service providers to support the expansion of the industries, while increasing the investment on the construction of more warehouses in these countries to foster regional growth.
"Upon this merger, we will become the leader in logistics and supply chain services, with the strength in providing the most comprehensive Integrated Logistics and Supply Chain Solutions in the ASEAN region, along with innovations and modern technology to carry out business operations. Also important is that we possess a strong brand recognition in both SCGL for its professionalism, and JWD for its experience in specialized logistics services. All these factors will enable us to become the business leader in the region," Mr. Bunn concluded.
Released for JWD InfoLogistics PLC by MT Multimedia Co Ltd
Yuttachai Praikanahok (Tle), T: +66 (0)91 736 2866 or +66 (0)2 612 2081 ext. 125, E: Yuttachai.p@mtmultimedia.com
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Xiamen Xiangyu Co., Ltd.: A Giant of Commodity Supply Chain Service, Reaching Record High Results in the Last Three Quarters
HONG KONG, Oct 26, 2022 – (ACN Newswire) – On the evening of Oct. 26, Xiamen Xiangyu Co., Ltd. (600057. SH) released the Q3 financial results. In the first three quarters of 2022, the Company achieved operating revenue of RMB 391.8 billion, with a year-on-year growth of 13.74%; achieved the net profit attributable to the shareholders of the parent company amounted to RMB 2.17 billion, with a year-on-year growth of 31.23%; achieved the return on equity of 15.26%, up 1.91 percentage points YoY. The Company's operating revenue and net profit attributable to the shareholders of the parent company both hit a record high in the same period, and the operating efficiency continued to improve.
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Xiamen Xiangyu is the leading commodity supply chain service company in China, with manufacturing enterprises in China as the main target group, and is committed to providing tailored supply chain solutions and one-stop services, including commodity procurement distribution, logistics, supply chain finance, information consulting, etc., to reduce circulation costs, improve circulation efficiency, assist manufacturing enterprises in cost-saving and profit-increasing, and earn service revenue. Xiamen Xiangyu has been operating commodities covering metals and minerals, agricultural products, energy and chemicals, new energy products, etc., and the key categories are ranked among the top in the industry. At present, the Company has taken the lead in the industry to build up a network for logistics service systems with "road transportation, rail transportation, water transportation and warehousing" as the core, covering the whole country and connecting with overseas, constructing a differentiated competitive edge.
In the first three quarters of 2022, the recurrence of the COVID-19 epidemic, geopolitical tensions, and commodity price shocks put higher requirements on the management and risk control capabilities of commodity supply chain companies. Xiamen Xiangyu said, in the face of multiple challenges, the Company maintained strategic stability, continuously optimized customer structure, enriched the commodity portfolio, consolidated logistics support, improved the risk control system, moreover, effectively responded to industry cycle fluctuations and external risk issues; on this basis, we seized the opportunity to expand market share and explore business opportunities to ensure that the overall operation remains sound.
According to the third quarter financial report, the service volume for manufacturing enterprises in Xiamen Xiangyu accounted for more than 50%, and the bulk commodity business segment in the cargo volume reached 141 million tons. The supply chain operating results in categories such as aluminum, new energy products, and soybeans achieved significant growth, among which the revenue of the new energy products supply chain reached RMB 14.7 billion, up 151% YoY; achieved the gross profit RMB 385 million, up 245% YoY.
In recent years, Xiamen Xiangyu has been favored by more and more investment institutions with its complete business system, steady pace of development, and promising prospects. In the first half of 2022, Xiamen Xiangyu was held by five mainland social security funds at the same time, making it one of the most popular listed companies favored by social security funds in the A-share market.
Looking ahead, Xiamen Xiangyu will anchor the strategic vision of "Becoming A World-class Supply Chain Service Company", continue to optimize the customer structure, commodity portfolio, business model, and profit model, enhance the risk control system, improve the level of comprehensive income, and strive to exceed the 2022 annual operating target.
Click here for the full report: Xiamen Xiangyu Co., Ltd. Report for Third Quarter of 2022
http://www.sse.com.cn/disclosure/listedinfo/announcement/c/new/2022-10-27/600057_20221027_3_QazgirXb.pdf
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Retail SaaS major Unicommerce eyes to double its transaction volumes in Southeast Asia
Singapore, Sep 22, 2022 – (ACN Newswire) – Unicommerce, an integrated SaaS platform for post-purchase experience management, is experiencing rapid growth across Southeast Asia. Currently processing over 2.5 million annual transactions, the company eyes to double transaction volumes to reach 5 million by December 2022. In its first year of operations, the company has signed up over 30 clients across Singapore, Indonesia, Malaysia, and the Philippines.
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Unicommerce is bullish on the growth of e-commerce in Southeast Asia. The company has already established its local presence with a sales and customer service team in Singapore, Indonesia and the Philippines, and is also planning to establish a local entity in the coming months.
Unicommerce's expansion into Southeast Asia comes as e-commerce volumes spike and companies seek an integrated platform to handle the entire post-purchase transaction flow. Being a sector- and size-agnostic platform, Unicommerce solutions have been successfully deployed by a range of retail brands looking to build a robust online presence and re-engineer their operations and processes to achieve maximum consumer connection. Some of the leading brands that Unicommerce works with within the SEA region are Edamama, Locad PayO Asia, Amilo, Business Engineers, and Luxurious Craving, among others. The company's clients in SEA include fashion brands, beauty, and personal care brands, fulfilment providers, and logistic service providers. The SaaS platform is also one of the finest omnichannel platforms that powers 2,000+ stores and 7,000+ warehouses across India.
During and post-pandemic, there is a surge in online shopping to avoid the spread of the virus. As the e-commerce and retail industry grows with multiple online shopping platforms, the supply chain has become an increasingly complex process, and companies rely heavily on technology to optimize operations.
Unicommerce's SaaS platform enables brands to streamline the supply chain with an integrated SaaS solution for inventory, order, and warehouse management. The unique, award-winning platform for post-purchase experience management helps brands and marketplaces manage operations across multiple online sales channels and physical distribution points while maintaining a smooth inventory flow to meet user expectations. The company also enables marketplaces to streamline processes with its multi-vendor management solution.
Talking about the expansion plans, Mr Kapil Makhija, CEO of Unicommerce, says, "Our clients in Southeast Asia are focused on building a strong digital presence and looking for technology solutions. Our platform enables them to enhance the post-purchase experience and achieve operational excellence. Unicommerce's robust and easy to integrate SaaS platform are well-suited to meet client needs which is reflected in our rapid growth. We are delighted to partner with many leading brands and look forward to expanding our presence across Southeast Asia."
Edamama, one of the leading brands in the Philippines, has deployed Unicommerce's Dropship Fulfillment, Vendor Management solution, and Personalized E-commerce solutions to manage different vendors and offer personalized shopping experiences to consumers. The automation by Unicommerce has enabled the company to manage operations across 400+ registered vendors and 1,000+ brands, while seamlessly maintaining 30K+ live catalog counts and allowing the brand to dispatch tens of thousands of items per month with a 99.99% fulfillment rate.
Unicommerce's growth into Southeast Asia and also Middle East Asia is built on its decade-long experience and leadership position in the diverse and dynamic Indian market, where the company processes 500 million annual transactions. The company works with some of the leading brands and companies of India including Marico, Bestseller, House of Anita Dongre, Netmeds, Mamaearth, mCaffeine, and many more.
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MMI Asia Hosts Pre-Launch Conference as a Prelude to transport logistic and air cargo Inaugural Tradeshow in Southeast Asia
Key industry leaders DHL Express, International Air Transport Association (IATA) and SAP gathered to discuss the latest industry trends and developments in a post-COVID environment
Singapore, Sept 13, 2022 – (ACN Newswire) – The transport logistic and air cargo Southeast Asia (tlac SEA) was officially inaugurated at an event today at the Marina Bay Sands Convention Centre, with the presence of key industry players including the International Air Transport Association (IATA), SAP, and DHL Express.
Organised by MMI Asia, the regional subsidiary of Messe München GmbH, the event welcomed about 100 industry stakeholders in-person across the logistics business ecosystem from airports, airlines, freight forwarders, technology enablers, service providers and shippers to association partners and government agencies. The conference is a prelude to the Southeast Asian edition of the transport logistic and air cargo (tlac) series, which includes the flagship show in Germany as well as other editions in India, China, Turkey and the United States. The inaugural Southeast Asian edition will be held in Singapore in September 2023.
MMI Asia’s CEO and Managing Director, Michael Wilton expressed: “The logistics trade was adversely impacted by a widespread slowdown brought on by the pandemic. The pace of the scene’s development was considerably compressed due to its paucity of channels for industry players to network and exchange trends, developments, and solutions.”
Julia Kwan, Group Project Director of MMI Asia added: “We observed an explosion of engagement among ecosystem players. The pre-launch conference generated an active discourse surrounding macro-market trends, discussing prospects centred on strategic expansions as new technologies, business models, markets and competitions take shape. Insightful findings, discussions, and observations emerged during the event that will inform future trends and developments. The key themes for the 2023 conference have been identified as Digitalization, Resilience and Sustainability.”
Transport, Logistics and Air Cargo Sectors Poised for a Strong Comeback
Singapore Tourism Board (STB) and MMI Asia previously signed a Memorandum of Understanding on 15 November 2021, to establish a partnership to host multiple Southeast Asian editions of tlac trade shows in Singapore starting in 2023. The industry can expect the rollout of new content, programmes, and exhibition components for upcoming trade shows.
The pre-launch conference provided the industry with a glimpse of the inaugural show in 2023, which will be a pivotal catalyst to the sector’s growth as global and regional travel pick up pace.
Poh Chi Chuan, Executive Director, Exhibitions & Conferences, STB said: “We are glad to see MMI Asia riding on the strong recovery of the Meetings, Incentives, Conventions and Exhibitions (MICE) industry in Singapore so that stakeholders from the transport, logistics and air cargo sectors can gather to address pertinent issues and exchange knowledge on the latest trends and innovations. The anchoring of transport logistic and air cargo Southeast Asia in Singapore reinforces our reputation as a leading hub for business leaders to expand their business development efforts and network. We look forward to welcoming delegates to a successful launch of the tradeshow in 2023.”
Future-Proofing Post-Covid Logistics Infrastructure
Industry leaders such as IATA, DHL Express, Avnet, and Enterprise Singapore weighed in on the state of the current market and its journey towards future-proofing. Panel discussions were joined by other speakers from SAP, CargoAi, DB Schenker, The Logistics & Supply Chain Management Society, Group Concorde, Kuehne + Nagel andPageGroup.
Lim Ching Kiat, Managing Director, Air Hub Development of Changi Airport Group said: “Over the past two years, the Covid-19 pandemic, as well as other disruptions, further demonstrated the importance of air cargo’s role in maintaining global trade and supply chains. Changi Airport, being strategically located in Asia, plays a key role in supporting intra-Asia and inter-continental air cargo flows, especially for pharmaceutical and perishable products. We are excited to welcome the Southeast Asia edition of the TLAC tradeshow in Singapore – we are confident this event will help facilitate dialogue and foster exchange of ideas among key air cargo players.”
The inaugural SEA edition of transport logistics and air cargo (tlac SEA) will be held in Singapore at the Marina Bay Sands Convention Centre, 13 – 15 September 2023. Exhibitors will include airlines, air and sea ports, transport and airline management, logistics providers, technology providers, and many others.
For more information, please visit www.transportlogisticsea.com.
About transport logistic and air cargo
transport logistic: The world’s leading trade fair for logistics, mobility, IT, and supply chain management has been taking place in Munich since 1978. Also part of transport logistic is air cargo Europe the industry gathering for the international air freight industry.
About transport logistic and air cargo Southeast Asia
transport logistic Southeast Asia is the latest edition of the world’s largest trade show for transportation and logistics industry. It is poised to become the most influential meeting place for logistics, mobility, IT and supply chain management in ASEAN region.
Based on the established concept of the Munich exhibition, and benefiting from the extensive global network of Messe München, transport logistic Southeast Asia edition will bring together the world’s leading service providers, to meet, network and trade with top buyers from the region. The event will also comprise of a high-level summit whereexpert speakers will share key trends and insights on some of the most forward-looking topics.
air cargo, the international industry gathering for the global air freight industry, will be co-located with transport logistic for the Southeast Asia edition. The event is poised to be one of the most important business platforms for the air cargo sector, where international air cargo professionals will convene to network, make new contacts, develop upcoming markets and explore joint business potential.
air cargo’s Southeast Asia edition will bring together exhibiting companies from the air cargo sector like airlines, airports, forwarding agents, cargo handling companies, express services, logistics providers and others.
About MMI Asia Pte. Ltd
Messe München GmbH (MMG) is one of the leading exhibition organizers worldwide with more than 50 of its own trade shows for capital goods, consumer goods and new technologies. Every year, a total of over 50,000 exhibitors and around three million visitors take part in more than 200 events at the exhibition center in Munich, at the ICM – Internationales Congress Center München and the MOC Veranstaltungscenter München as well as abroad. MMG is the owner and organizer of the world-leading transport logistics and air cargo trade fair organized every two years in Munich. A full subsidiary of Messe München GmbH (MMG), MMI Asia established in Singapore in 1992, is now embarking on a significant growth and expansion program, bringing some of MMG’s world-leading brands to the ASEAN market. transport logistic and air cargo Southeast Asian editions are organized by MMI Asia Pte Ltd. For more information, please visit www.mmiasia.com.
About Changi Airport Group
Changi Airport Group (Singapore) Pte Ltd (CAG) (www.changiairportgroup.com) was formed on 16 June 2009 and the corporatisation of Singapore Changi Airport (IATA: SIN, ICAO: WSSS) followed on 1 July 2009. As the company managing Changi Airport, CAG undertakes key functions focusing on airport operations and management, air hub development, commercial activities and airport emergency services. CAG also manages Seletar Airport (IATA: XSP,ICAO: WSSL) and through its subsidiary Changi Airports International, invests in and manages foreign airports. As one of Asia’s most connected international aviation hubs, Changi Airport links Singapore to over 120 cities globally, with over 80 airlines operating more than 4,000 weekly flights. Jewel Changi Airport, a multi-dimensional lifestyle destination, opened in April 2019, adding to Changi Airport’s shopping and dining offerings of close to 500 F&B and retail outlets. The world’s most awarded airport, Changi has won over 600 accolades for its consistent and excellent airport staff service, passenger experience and safety standards.
About Singapore Tourism Board (STB)
The Singapore Tourism Board (STB) is the lead development agency for tourism, one of Singapore’s key economic sectors. Together with industry partners and the community, we shape a dynamic Singapore tourism landscape. Webring the Passion Made Possible brand to life by differentiating Singapore as a vibrant destination that inspires people to share and deepen their passions. For more information, please visit www.stb.gov.sg.
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SF Intra-City Interim Revenue Reached RMB4.48 billion, with 28% Growth in Revenue from External Customers
HONG KONG, Aug 30, 2022 – (ACN Newswire) – Hangzhou SF Intra-City Industrial Co., Ltd. ("SF Intra-City" or the "Company", together with its subsidiaries the "Group"; stock code: 9699), the largest third-party on-demand delivery service platform in China(2) , today announced its interim results for the six months ended 30 June 2022 (the "Period"). The interim results showed steady revenue growth, further increases in gross profit and gross margin, and continued improvement in core business indicators, resulting in a solid performance.
Results Highlights
— Revenue was RMB4,481.1 million, with external revenue growth(1) reaching 28%
— Gross profit and gross profit margin improved significantly, as the Group successfully achieved a gross profit of RMB180.2 million and gross profit margin of 4.0%
— Net loss margin has continued to improve over the years, narrowing significantly to 3.2%
— Revenue from intra-city delivery service increased by 29.2% YoY to RMB2,929.2 million, representing 65.4% of total revenue
— Revenue from the strong performance of non-food delivery scenarios increased 32.4% YoY to RMB1,051.2 million
— Annual active merchants reached 299,000, representing YoY growth of 31.2%, and the Group has served over 2,900 brand customers cumulatively
— With further optimization of scale and efficiency, diversified product coverage and a multi-scenario business model, SF Intra-City reported promising results once again
During the Period, intra-city delivery to consumers, non-food scenarios(3) and continued expansion in lower-tier cities(4) became the main drivers for the business, while the Group's diversified revenue structure strengthened its resilience. The Group saw its core business indicators continue to improve, achieving solid revenue growth to RMB4,481.1 million, an increase of 20.8% over the same period last year. Gross profitability further improved, with the Group achieving a gross profit of RMB180.2 million and a gross profit margin of 4.0%. During the Period, the Group's net loss margin continued on its multi-year trajectory of improvement, narrowing to 3.2% compared with the same period last year. These results were attributable to enhanced economies of scale and network effect, differentiated services driving high-value orders, technology integration and scheduling to achieve optimal efficiency of the Group's delivery network and continuously refined management and operation to improve resource utilization efficiency and productivity.
SF Intra-City said, "Following our successful full year performance, we are pleased that the Company continued to achieve encouraging interim results this year. Despite the challenges from the macro environment and the impacts of the pandemic, we continued to develop new delivery scenarios and expand our business, while maintaining steady growth in revenue as our core business indicators continued to improve. It is also great to see that we successfully achieved a significate improvement in gross profit and gross margin."
Business Review
Maintained High Growth in Intra-City Delivery Service
Revenue from intra-city delivery service increased by 29.2% year-on-year ("YoY") to RMB2,929.2 million, benefiting from the continuing increase in demand driven by enriched intra-city on-demand delivery scenarios, changes in consumer habits driven by the pandemic, and continued expansion in both non-food delivery scenarios and lower-tier cities. In particular, non-food delivery scenarios posted strong performance, with revenue increasing by 32.4% YoY to RMB1,051.2 million. Revenue in lower-tier cities grew 41.0% YoY to RMB1,035.4 million as the Group further expanded its geographical coverage and enriched its service matrix, driving the development of on-demand delivery services infrastructure in lower-tier cities. During the Period, the proportion of mid-to-long-distance (over 3km) orders increased, while the average delivery time and fulfillment-in-time rate remained at a high level, and the performance quality only fluctuated slightly during the peak time of festivals and holidays. The number of cities that commenced night-time (24 hours) delivery services increased to 777.
Intra-city Delivery to Merchants
The number of annual active merchants reached 299,000, representing a YoY increase of 31.2%, and the Group served over 2,900 brand customers cumulatively. Thanks to the Group's high-quality, stable and customer-centric services, its customer loyalty and retention rate have improved, with the retention rate for its Top 100 key account customers increasing to approximately 90%. Revenue from intra-city delivery to merchants was RMB 2,156.4 million, up 23.1% YoY. Driven by the pandemic and the new consumption era, consumer habits have increasingly shifted toward a trend of "bring all you need to your side", which has in turn generated more on-demand delivery needs. The Group has continued to broaden its coverage across product categories and strengthen its product delivery capabilities. Demand for high value-added service scenarios such as local e-commerce and local services remained high, driving YoY revenue growth of 104.3% and 47.8% for these scenarios, respectively. In particular, revenue generated from delivery services provided to the supermarket, retail, pharmaceutical and 3C industries achieved a YoY increase of 71.3%.
SF Intra-City also strategically cooperated with SF Holding Group's ecosystem participants to create integrated solutions for customers, namely "front-end warehousing + mid-end trunk + intra-city on-demand delivery". Through resource synergy and capacity integration, these solutions broaden customer reach and increase customer loyalty for both parties. Service to Credit Customers(5) with SF Holding Group led to a RMB86.7 million revenue contribution, representing YoY growth of 115.5%, mainly due to improved service capabilities which enabled SF Intra-City to deepen its cooperation with SF Holding Group to meet more customer needs.
Intra-city Delivery to Consumers
During the Period, the revenue from intra-city delivery to consumers grew 50.1% YoY to RMB772.8 million, benefiting from the increasing penetration of intra-city on-demand delivery service driven by consumers' growing demand for timeliness and convenience in daily life and business scenarios, consumers' recognition of and trust in the SF Intra-City brand and easy access to its services through various channels and SF Intra-City's continuously improving reach, conversion and activation of individual users. With the pandemic catalyzing personal daily and office demands, the running errands business surged by more than 100%. The annual active consumer base continued to expand, reaching 12.3 million, representing YoY growth of 55.0%.
In the first half of 2022, the Group continued to optimize the quality of its products and services for individual consumers. By providing high-standard services and a standardized collection and delivery process, the Group enables consumers to enjoy better delivery experiences. Meanwhile, considering that the majority of orders from consumers consist of mid-to-long-distance deliveries or non-standard service needs, the Group has built a team of "pioneer riders" exclusively dedicated to individual consumer orders to achieve better performance in order-pick-up rate, completion rate and fulfillment-in-time rate. Even during peak times such as holidays, our fulfillment-in-time rate fluctuated by no more than 3.0%.
Last-mile Delivery Advantage Further Strengthened through High-Quality Service
Revenue from last-mile delivery service increased by 6.8% to RMB1,534.8 million. The rider pool is integrated through a comprehensive national scheduling network. Whole-city delivery capacity coordination and scheduling enables SF Intra-City to adapt to different business and customer needs and maintain stable performance quality. The disruption of express delivery in certain areas due to the pandemic lockdown measures put the last-mile business under pressure and caused a short-term slowdown in growth. However, the Group also saw the rapid recovery of business after improvement in the pandemic situation, accompanied by the deepening of cooperation scenarios with key customers and product innovation. Not only has last-mile delivery service enabled the Group to further expand its network and achieve network effect and economies of scale, it has also improved riders' income, strengthened riders' long-term loyalty and reduced our fulfilment cost.
Technology Empowers Improvements in Rider Network
The CLS adopted by the Group has three core functions, namely business forecast and planning, integrated order recommendation and dispatching and real-time operation monitoring, enabling the Group to optimize the scheduling of riders in different industries and scenarios across complex delivery networks. The Group's highly efficient real-time order dispatching system supports the complex delivery network, which has different layers of geographical coverage, including store level, business district level and city level. With the aforementioned threefold delivery network, the Group is able to dynamically and flexibly adjust order dispatching, shorten delivery time and lower delivery costs. In order to further improve its terminal delivery capability and deploy its smart delivery network, the Group successfully launched its on-demand drone delivery service, providing a new service experience for intra-city on-demand delivery of goods.
The Company concluded, "In the face of the complex external environment and the challenges of the pandemic, and thanks to our riders and staff, who remained their posts, SF Intra-City was proud to actively participate in the anti-pandemic efforts through supply delivery work with other stakeholders, as well as through helping merchants and consumers solve their 'last-mile' difficulties. Looking ahead, we will continue to broaden our range of service scenarios and industry solutions, optimize our business structure, and enhance our value by creating differentiated service capabilities, so as to ensure high-quality and stable consumer experience and empower merchants' business operations. We firmly believe in the long-term value of local lifestyle services and real-time services and will strive to realize profitability and create long-term value for our shareholders."
About Hangzhou SF Intra-City Industrial Co., Ltd. (stock code: 9699.HK)
SF Intra-City focuses on the emerging opportunities of intra-city on-demand delivery services. Since 2019, SF Intra-City has operated as an independent legal entity to capture the growth opportunities arising from the new consumption trends. SF Intra-City adopts a multi-scenario business model, providing full coverage of delivery scenarios for all types of products and services. The Company's extensive service coverage, ranging from mature scenarios such as food delivery to growth scenarios such as local retail, local e-commerce and local services, has enabled it to respond to the evolving customer needs resulting from the development and upgrade of the local consumer market. For more details, please visit company's website: https://ir.sf-cityrush.com/en/investor-relations/.
(1) External revenue is total operating revenue less revenue from connected transactions with SF Holding and its affiliated companies
(2) Ranking is based on independent third-party order volume in China in 2021, according to iResearch. The calculation of order volume takes into account the number of orders sourced independently by the market players, excluding orders from related parties.
(3) "non-food delivery scenarios" refers to local consumption scenarios that are unrelated to food delivery scenarios, mainly comprising local retail, local e-commerce and local services.
(4) "lower-tier cities" refers to cities, counties and towns that are in the third tier or below.
(5) "Credit Customers" refers to certain existing customers who have entered into Master Service Agreements with SF Holding and/or its associates in respect of a variety of delivery and logistics solution service products SF Holding Group and/or its associates offers.
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