Tag: Venture Capital

Singapore’s Commodities Intelligence Centre Signs Investment Agreement to Establish Its Overseas Digital Trade Platform in Chongqing’s Guoyuan Port

SINGAPORE, Jun 17, 2021 – (ACN Newswire) – Singapore-based Commodities Intelligence Centre (CIC) has signed an investment agreement with Chongqing Liangjiang New District Management Committee. The agreement will see an investment commitment of RMB 10 million (S$2.07 million) by CIC to establish its overseas digital trade platform in China's Guoyuan Port in Chongqing Municipality. The agreement was formally inked by Mr Luo Lin, Deputy Secretary of the Party Working Committee and Director of the Management Committee of Chongqing Liangjiang New Area and Mr Peter Yu, Chief Executive Officer of CIC, at the "Chongqing Liangjiang New Area Key Technology Innovation Projects Virtual Signing Ceremony". CIC's parent company, ZALL Smart Commerce Group (2098.HK), also announced its plans to invest in Guoyuan Port for their projects in West China.


The project is expected to contribute towards the China-Singapore (Chongqing) Connectivity Initiative, and will be able to tap on CIC platform capabilities in Singapore to enable data interconnection and interoperability and grow a vibrant commodity trading ecosystem in Guoyuan Port. The move comes as CIC is stepping up efforts to expand its global supply chain network and provide companies with increased access to market opportunities in China and Southeast Asia, helping them uncover new business opportunities, reduce transaction costs and achieve greater trading synergies globally amid the pandemic.

Mr Peter Yu, Chief Executive Officer of CIC, shared, "The need to strengthen the digital connectivity of the world's supply chain ecosystem is more important than ever today. CIC is proud to have inked this strategic agreement to establish our overseas digital trade platform in Chongqing, an important region that connects the Yangtze River Economic Belt and the Belt and Road route. This investment affirms our continued commitment to expand our technology-enabled global B2B trading ecosystem that would enable businesses to reap the benefits of the global digital trade economy on the back of the world's largest trade pact, the Regional Comprehensive Economic Partnership (RCEP) and China's dual circulation strategy, with greater digital trade connectivity between China and ASEAN."

Leveraging the strategic connectivity advantages of the China-Singapore (Chongqing) Multimodal Transportation Demonstration Base, the new International Land-Sea Trade Corridor (ILSTC) and other international trade channels of the Chongqing Guoyuan Port National Logistics Hub, CIC's digital trade platform would provide global trading services, such as transaction matching, customs declaration and clearance, supply chain logistics, trade finance, and global trade compliance to facilitate the development of an international commodities trading cluster in Guoyuan Port. The platform could also help accelerate the opening up of China's inland economy and drive global commodity trading and investments into Chongqing, thereby bringing about deeper economic integration with China's Belt and Road Initiative and the country's western provinces and regions.

Located in the core part of Chongqing's Liangjiang New Area, Guoyuan Port is a logistics hub integrating "water, rail, and road transport" of China's inland rivers, and is the only port-type national logistics hub in west China. CIC's project signing comes amid deeper Sino-Singapore cooperation under the China-Singapore (Chongqing) Connectivity Initiative, and increased investments by Singapore enterprises into Chongqing in sectors such as aviation, financial services, logistics and information and communication technology.


About Commodities Intelligence Centre

The Commodities Intelligence Centre (CIC) is a global trading platform for physical commodities including Ferrous & Non-Ferrous Metals, Chemicals & Plastics, Oil & Petroleum, and Agri Commodities. Officially launched in Singapore on 12 Oct 2018, CIC is a Joint Venture between China-based ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX) to build trade connectivity through digital marketplaces and to grow a vibrant trading ecosystem in Singapore.

CIC aims to revolutionize commodity trading and facilitate cross-border trade through deal matching, trade finance, supply chain logistics, track and trace and global trade compliance. Since its establishment in October 2018, CIC has achieved a GMV (Gross Merchandise Volume) of more than US$13.4 billion (S$17.6 billion), with over 5,800 registered users covering markets including Singapore, Malaysia, Indonesia, India, China, among other countries in Asia. For more information, please visit www.cic-tp.com

For media enquiries, please contact
Email: CIC@preciouscomms.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Tech, innovation, growth markets key to business recovery: HKTDC to focus on 14th Five-Year Plan opportunities

HONG KONG, Jun 11, 2021 – (ACN Newswire) – In the face of continuing challenges in the global economy resulting from the pandemic, the Hong Kong Trade Development Council (HKTDC) will focus on helping businesses capture opportunities in Mainland China and other markets, especially in sectors that can ride on opportunities arising from the mainland's "dual circulation" strategy and 14th Five-Year Plan, as well as industry developments in technology, healthcare and sustainability.

In addition to promoting the city's overall advantages, services and products, the HKTDC will offer online and offline services for Hong Kong companies to speed up business expansion in the mainland market, using the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) as a bridgehead. It will also explore tripartite partnerships with mainland enterprises in overseas markets, especially the Association of Southeast Asian Nations (ASEAN).

HKTDC Chairman Dr Peter Lam said that the past few years have been full of challenges, but the HKTDC will continue to work hard in helping businesses diversify and enhance their capabilities with sustainability and the adoption of technology and innovation as a core theme. He added that as parts of the world continue to tackle the pandemic while others are gradually recovering, Mainland China and its early recovery has been driving economic growth both internally and externally.

"We will create opportunities for businesses in both markets and industries. Apart from large-scale events, we will also strengthen our support and training services to help Hong Kong businesses capture opportunities arising from the mainland's 14th Five-Year Plan and 'dual circulation' strategy, taking the Guangdong-Hong Kong-Macao Greater Bay Area as an entry point. As such, we just launched a GoGBA one-stop platform to support Hong Kong companies, and we will help them partner with mainland enterprises to tap international markets through the city's two-way platform," Dr Lam said.

Market opportunities: the GBA and "Dual Circulation" strategy

Following the launch of the GoGBA one-stop platform yesterday (10 June), the HKTDC is planning to organise SmartHK in Guangzhou on 8 December, highlighting the city's international networks and innovative professional services which are complementary to the Greater Bay Area development. Business matching meetings will be held to promote cooperation between mainland enterprises and Hong Kong services providers in the areas of finance, IT, infrastructure, design and more. A high-level mission led by senior government officials and commercial delegations will explore opportunities with their counterparts in the GBA.

Chic HK will be held in Shenzhen from 10-12 December to promote quality Hong Kong brands, stylish designs and technology and innovation products. It will be held in an online-to-offline format, allowing consumers to make purchases on the spot or online. A business mission will be held concurrently to connect Hong Kong traders with potential mainland buyers and partners, helping them to expand their nationwide retail networks.

The HKTDC will also introduce a new Star CEOs seminar series in which the top management of major mainland and overseas enterprises will share how the city's international business platform and professional services helps mainland companies tap opportunities in global markets, hoping this will attract more mainland companies to set up offices in Hong Kong. The HKTDC will set up a Hong Kong Pavilion in selected mainland trade fairs such as the China International Import Expo where Hong Kong's role in facilitating merchandise and service trade between the mainland and the rest of the world will be highlighted.

High-potential sectors: technology, healthcare and intellectual property

The 14th Five-Year Plan supports Hong Kong in consolidating and enhancing its competitive advantages. In addition to the traditional sectors such as finance, maritime and trading, it also supports the city to develop into an international innovation and technology hub and a regional intellectual property (IP) trading centre.

As such, the HKTDC will also launch a new Innotech Starter Programme in partnership with government agencies, incubators, R&D centres and universities to provide support and create opportunities for start-ups that are interested in expanding business in the Greater Bay Area. The HKTDC is also planning to organise seminars in Guangzhou, Nanjing and Beijing to promote Hong Kong's IP solutions in technology and innovation, as well as IP trade-related services. It will also further enrich the content of Asia IP Exchange and encourage different industries to step up adoption of homegrown innovative technology, especially patented technologies in environmental protection, sustainability, healthcare and well-being, building and construction and more.

Besides, demand for healthcare services is growing in Asia. As an international financial centre, Hong Kong is now the world's second-largest bio-tech fund-raising centre through initial public offerings. Together with a sound IP protection regime and a wealth of experts in commercialising innovations, the city is ready to become a healthcare innovation and investment hub. The HKSAR Government and the HKTDC will jointly organise the inaugural Asia Summit on Global Health on 24 November to attract investment, publicise the city's technology-related achievements and promote collaboration among industry players from Mainland China, Hong Kong and overseas.

Focusing on biotechnology, medical devices and drugs, digital health, community health and wellness, the Summit will help participants connect with investors and leading bio-tech companies in the Greater Bay Area.

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 Contact
HKTDC Communications and Public Affairs Department
Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org
Susanna Sin, Tel: +852 2584 4294, Email: susanna.kc.sin@hktdc.org

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKTDC launches GoGBA one-stop platform

HONG KONG, Jun 10, 2021 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) has announced the launch of the GoGBA one-stop platform, a new business support programme that helps companies access the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Consisting of digital information and business tools, advisory services and training as well as promotional and networking activities, the GoGBA one-stop platform offers multi-faceted business support online and offline.
The GoGBA one-stop platform was launched at this morning's online ceremony in Hong Kong and Shenzhen. The officiating guests in Hong Kong included (from L) Erick Tsang, Secretary for Constitutional and Mainland Affairs of the HKSAR; Dr Peter K N Lam, Chairman of the HKTDC; Carrie Lam, Chief Executive of the HKSAR; Edward Yau, Secretary for Commerce and Economic Development of the HKSAR; and Margaret Fong, HKTDC Executive Director.

GoGBA WeChat mini programme (QR Code)


At today's launch event, which took place via a virtual link between Hong Kong and Shenzhen, Carrie Lam, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), and Qin Weizhong, Deputy Secretary of Shenzhen Municipal Committee of the Communist Party of China and Mayor of Shenzhen Municipal People's Government, officially launched the GoGBA WeChat mini programme – a digital information and business tool – and the HKTDC GBA Centre located at the HKTDC's Shenzhen office. Several memorandums of understanding (MoUs) were also signed with the Leading Group Office of Guangdong on Construction of Guangdong-Hongkong-Macao Greater Bay Area, the China Council for the Promotion of International Trade Shenzhen Municipal Committee, the People's Government of Shenzhen Futian District and five cities and districts in the GBA (Qianhai in Shenzhen, Nansha in Guangzhou, Hengqin in Zhuhai, Dongguan and Zhongshan), to expand the network of support for Hong Kong companies. After the ceremony, two webinars were held where companies that are already operating successfully in the GBA shared their business insights on how to succeed in the region.

Dr Peter K N Lam, Chairman of the HKTDC, said: "The GBA offers huge opportunities for businesses from Hong Kong and around the world. Our GoGBA WeChat mini programme is a useful digital tool to complement our physical support centres in Hong Kong and Shenzhen, and other parts of the GBA through our partners. As more and more businesses look for prospects in the GBA, the HKTDC is here to help."

One-stop platform covers three major service areas

In line with the HKSAR Chief Executive's 2020 policy address, the GoGBA one-stop platform aims to help Hong Kong small and medium-sized enterprises (SMEs) tap into the GBA with three major support components:

1. Digital tool for cross-border business

The GoGBA digital platform, which consists of the GoGBA WeChat mini programme digital messaging platform, comes into service effective today. The GoGBA digital platform is run in collaboration with the government offices of Guangdong province and municipal governments in the GBA, providing important information on the region including updates on policies and subsidies, listings of related business and trade organisations, regional guides, and information on GBA government services and applications. It also offers practical tools such as weather forecasts, cross-border transportation information, interactive maps, details of public services, and income tax reminders. Media friends can scan the WeChat QR code included in this press release to download the GoGBA digital platform.

2. Advisory services and training

The HKTDC's Shenzhen office has set up the HKTDC GBA Centre to strengthen its support to SMEs interested in exploring the GBA market. Together with the HKTDC SME Centre in Hong Kong, the centres will organise a series of seminars and workshops, sharing sessions and advisory activities in group or individual formats, equipping companies with the practical knowledge and skillsets needed to succeed in the GBA.

The MoUs signed today will see the introduction of GoGBA Business Support Centres in Shenzhen (Qianhai), Guangzhou (Nansha), Zhuhai (Hengqin), Dongguan and Zhongshan. The HKTDC targets to introduce the centres in all nine mainland cities in the GBA, establishing a comprehensive support network that can connect companies with partners and consultants from across the GBA.

In addition, the HKTDC's Transformation Sandbox (T-box) programme will extend its services from Hong Kong to Shenzhen and other cities in the GBA. Together with the Digital Academy and E-Tailing Academy, the HKTDC will provide advisory workshops related to e-commerce and digital business as well as marketing solutions and other digital platforms.

3. HKTDC online and offline activities

The HKTDC has utilised various digital technologies to organise exhibitions and conferences, and will continue to plan and organise business missions and networking events by adopting a new "digital and physical" format for its major events and activities. It will also continue to enhance the hktdc.com Sourcing platform. The "Guangdong-Hong Kong Co-operation Week" will be held with the People's Government of Guangdong Province in December to promote Hong Kong products and services through flagship promotional events – SmartHK in Guangzhou and ChicHK in Shenzhen.

The HKTDC will continue its outreach efforts to help Hong Kong and overseas companies, and enterprises from other GBA cities, to establish connections, providing business matching sessions and advice on seeking business opportunities. The Council is currently planning to organise a wide range of activities in the mainland, including exhibitions and conferences, to help Hong Kong enterprises promote their products and services, explore business opportunities in GBA cities and gain practical experience at the same time.

GoGBA WeChat mini programme (QR Code) https://tinyurl.com/5pnps82r

HKTDC SME Centre
Tel: +852 1830 668
Fax: +852 3693 4938
E-mail: smecentre@hktdc.org
Address: Ground Level, Hong Kong Convention and Exhibition Centre, 1 Expo Drive, Wan Chai, Hong Kong

HKTDC GBA Centre
Tel: +86-0755-82280112
Fax: +86-0755-82280114
E-mail: shenzhen.office@hktdc.org
Address: Unit 2405-06, Jindi Centre, Shennan Road 2007, Futian District, Shenzhen

Hong Kong and overseas companies share key to success in GBA

Representatives from Hong Kong and overseas companies gathered at this morning's launch event to share their success stories in capturing opportunities in mainland GBA cities through Hong Kong. Sharing their experiences in two separate sessions were Yan Lau, General Manager of Dongguan Dailywin Watch; Tommy Cheng, Founder and CEO of MY Super eCommerce Company; Jason Choi, Founder of DimYeah Studio & EGGY; Dawn Chui, General Manager – Pacific Rim of ORCA Asia; Joe Wan, CEO of Tricor Hong Kong; and Jefrey Hironaka Santo, Managing Director for Asia of Mundial.

ORCA is a Canadian company specialising in technology solutions for the treatment of food waste. Dawn Chui, General Manager – Pacific Rim of ORCA, said the pandemic has accelerated awareness of the need for food waste treatment in Hong Kong, and that an increasing number of hotels, campuses and restaurants are interested in their solutions. She said the company is optimistic about the mainland market. "The National 14th Five-Year Plan mentioned the issue of food waste management so we see great potential in venturing into this market. Hong Kong is the perfect springboard to Mainland China, with its free flow of capital very beneficial to corporate finance and one of the factors that encouraged us to establish a Hong Kong branch."

Yan Lau, General Manager of Dongguan Dailywin Watch, said the company set up its factory in Dongguan in the 1980s. Now, its Hong Kong headquarters is responsible for import, export, accounting and auditing functions, while the design, manufacturing and sales activities are carried out in Dongguan. Mr Lau said the company has put a big effort into building its own brand and last year launched the SAGA Moon Mars series to celebrate the achievements of the mainland's aerospace industry along with Dailywin's own achievements. During the pandemic, the company has shifted the focus to its online business and domestic sales, adopting new strategies such as e-commerce livestreaming with influencers and deploying new e-commerce and social e-commerce retail models. These new strategies have proved beneficial in helping the company's expansion in the mainland market.

Photo download: https://bit.ly/3gbhI1G

About HKTDC

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

Media enquiries:
HKTDC Communications & Public Affairs Department
Snowy Chan, Tel: +852 2584 4525, Email: snowy.sn.chan@hktdc.org
Angel Tang, Tel: +852 2584 4544, Email: angel.hc.tang@hktdc.org

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

New AppsFlyer Report Finds View-through Attribution Impacts Ad Clicks and App Installs

SINGAPORE, Jun 7, 2021 – (ACN Newswire) – AppsFlyer, the global attribution leader, today released its inaugural View-Through Attribution (VTA) Report. From Q4 2020 until February 2021, the report looked at impressions, examined video content, and VTA campaigns performance across 6 SEA countries (Vietnam, Thailand, Malaysia, Singapore, Indonesia, and the Philippines) and 9 Industries (Shopping, Travel, Gaming, Finance, Entertainment, Education, Food & Drink, Lifestyle, and Health & Fitness) with the objective to provide marketers with insights into how right attributions could capture true consumer journey, increase optimization and drive benefits.

The report found that ads and videos are so immersive and engaging that users do not necessarily interact with the ad immediately because they do not want to leave the video experience midway. These users said they expect to engage with brands in a meaningful way as they claimed to be 1.5X more likely to purchase an item. Video exposure is impactful and influences purchase behavior. Incorporating VTA can help allocate credit in line with true consumer behavior.

In a study by Nielsen and Teluna, commissioned by TikTok For Business, consumers on video platforms said they will continue browsing content before moving to external websites or apps, with YouTube users supporting 60% of this statement, 58% on TikTok, 45% on Instagram and 40% on Facebook. This means that marketers should look beyond immediate click behaviour to accurately measure brand engagement.

VTA is an important metric to accurately measure the true user journey, since many users will purchase an item or install an app at a later stage. The report found that all SEA markets have at least VTA windows of 24 to 48 hours with up to 83.8% conversion rate.

"Constantly looking to expand our horizons, we are pleased to announce the all-new inaugural view-through attribution report. Southeast Asia's flourishing video content landscape is providing advertisers with novel ways to tap into new opportunities when engaging customers in a rapidly evolving ecosystem. We encourage marketers to use the report to utilise key data and insights on how best to maximise their campaign performances and understand the interconnections between determining metrics, behaviours and trends across Southeast Asian mobile app users," states Ronen Mense, President and Managing Director for APAC, AppsFlyer.

Video ad inventories have become a growing mechanism in Southeast Asia, especially amid Southeast Asia's flight to digital, accounting for 40% of all programmatic ad spends in the region. From this, short video ads of approximately 10 seconds drive installs or post-install events on platforms such as TikTok, making it a popular choice for advertisers to utilise in their campaigns. The rise of video has turned marketers towards using VTA models to best attribute their marketing efforts, compared to when using non-video inventories. The VTA Report also emphasised that marketers still need to incorporate a call to action to encourage conversion – as Impression-to-Install still remains somewhat low.

The report also found that due to the longer consideration process for "high-involvement" verticals, higher VTA is seen. Amongst all verticals examined, Finance in particular showed that despite fewer video impressions, more conversions were accredited to view-through attribution. High VTA rates were also seen in other verticals such as eCommerce and Media & Entertainment, with the lowest VTA rate seen in Gaming – averaging out at slightly less than a day across all countries. Marketers should therefore consider re-calibrating their attribution models according to their vertical and incorporate VTA as an important metric for conversions, as many users may not convert upon their first view.

Additional highlights from the report:

– Key festivities such as Singles' Day and New Year and lockdowns play an important role in peaks in clicks in the Food and Drink vertical, driven by VTA in Singapore and Indonesia.
— Health & Fitness apps in particular saw a spike in Southeast Asian markets in October, especially Indonesia, Thailand and Vietnam, mainly as a result of cross-regional awareness campaigns. A similar outcome was seen in December during the transition to the new year with health and fitness, and shopping apps.

– Marketers that are able to measure and optimize a CTA and VTA method have seen success in their campaigns.
— In Southeast Asia, ecommerce, media & entertainment, and finance are the verticals with the highest CTA + VTA and are able to optimize ads by 113% faster with low spend.
— TikTok data shows industries such as Finance, E-commerce and Media and Entertainment recorded at least 22.8% VTA conversions when compared with CTA conversions across Southeast Asia in 2020 and VTA conversions can go up to 90.8%.

– The importance of the VTA model: if the average attribution window for one vertical is one day, an Install registered by a viewer would be accredited as most users in Southeast Asia need access to WiFi to download an app.

– Singapore, being a more developed market, has a longer average attribution window of close to 1.5 days unlike just over a day in Philippines and Thailand as consumers in established economies take a longer time to convert.

– iOS 14.5's Ad Tracking Transparency feature is still being implemented and will change the app economy and ability to measure campaigns. However, Apple's SKAdNetwork, an API for measurement of ad campaigns, continues to provide advertisers with a VTA measurement option, while maintaining the privacy of the users. This emphasises that advertisers should still consider VTA as part of iOS14 dedicated campaigns. TikTok has supported SKAN CTA since the rollout of iOS 14.5 in late April 2021. Starting from June 2021, TikTok has also started to support SKAN VTA via an open beta, with more tests to be conducted before an official general release.

The AppsFlyer report analysed over 14,600 apps, 10.39 billion installs, and 6.3 billion remarketing conversions, and takes into account both click-through attribution (CTA) and view-through attribution (VTA). CTA looks at installs made after clicking on an ad while VTA registers ad impressions that result in an install without the user immediately clicking on an ad. The app may sometimes be installed a day or two later and helps to outline a typical customer's journey.

To view the full report, visit: https://www.appsflyer.com/resources/others/vta-insights-southeast-asia/

About AppsFlyer

AppsFlyer, the global attribution leader, empowers marketers to grow their business and innovate with a suite of comprehensive measurement and analytics solutions. Built around privacy by design, AppsFlyer takes a customer-centric approach to help 12,000+ brands and 8,000+ technology partners make better business decisions every day. To learn more, visit www.appsflyer.com.

Media Contact
PRecious Communications for AppsFlyer
appsflyer@preciouscomms.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Moglix raises $120 million, joins unicorn club as valuation jumps to $1 Billion

Singapore, May 17, 2021 – (ACN Newswire) – Moglix has reached an important milestone by becoming the first industrial B2B commerce platform, in the manufacturing space, to become a unicorn. The company is said to be valued at $1 billion in its latest $120 million Series E funding round. The latest investment was led by Falcon Edge Capital and Harvard Management Company (HMC). This round of funding also saw participation from its existing investors, Tiger Global, Sequoia Capital India and Venture Highway.



Moglix Founder & CEO Rahul Garg



Moglix is India's largest and fastest growing B2B commerce platform in the industrial & MRO procurement space with a clear first-mover advantage. The Company is building an operating system for manufacturing that provides its customers a full stack service covering procurement, packaging, supply chain financing and highly integrated software.

Rahul Garg, Founder & CEO, Moglix, said:

"We started six years ago with a firm belief in the untapped potential of the Indian manufacturing sector. We had the trust of stalwarts like Ratan Tata, and a mission to enable the creation of a $1 trillion manufacturing economy in India. Today, as we enter the next stage of our evolution, we feel this financing milestone is a testimony to our journey of innovation and disruption.

In these unprecedented times, we have pledged our support and disruptive thinking to help solve the challe nge of effective distribution and sharing of oxygen concentrators covering 1M+ people in the country. Globally, we have also been instrumental, in this and the last year, in streamlining the PPE supply-chain and distribution across 20+ countries.

We are glad that Falcon Edge Capital and Harvard Management Company (HMC) have partnered with us in this journey. Falcon Edge, with its deep roots in the Middle East and Europe and an understanding of public companies will guide us through the next phase of our journey."

Speaking on the occasion, Navroz D. Udwadia, Co-Founder of Falcon Edge Capital said, "We have studied and tracked Moglix for years, driven by our global experience in investing in online MRO platforms. We are strong believers in Rahul, his first mover advantage, his full-stack solution for under-serviced customers and his ability to drive robust unit economics. Moglix's distinctive customer value proposition and ROI are visible in its outstanding customer and revenue retention numbers. We believe Moglix is now well poised to scale and we are thrilled to back the Company in the next phase of its growth."

Tiger Global, which participated in the Series D round in 2019, has also invested in the latest round. Scott Shleifer, partner, Tiger Global Management, said, "We remain excited about the team, market opportunity, and continued innovation. Moglix is a market leader and we expect they will grow rapidly with high returns on capital."

Moglix was founded in 2015, by IIT Kanpur and ISB alumnus Rahul Garg. Moglix provides solutions to more than 500,000 SMEs and 3,000 manufacturing plants across India, Singapore, the UK and the UAE. Several manufacturing majors such as Hero MotoCorp, Vedanta, Tata Steel, Unilever and PSUs such as Air India and NTPC procure indirect material through the Moglix platform. Moglix has a supply chain network of 16,000+ suppliers, 35+ warehouses and logistics infrastructure. With close to 500,000+ SKUs, its marketplace, www.moglix.com is the largest e-commerce platform in the industrial goods category in India.

Moglix also has an award-winning suite of software products for contract management and B2B Commerce. Global FMCG giant Unilever uses the platform for ~$30 billion of material spend annually in 70+countries. Moglix recently launched Credlix, a supply chain financing platform for suppliers and manufacturers and expects to power INR 1000 crore of financing in the coming year.

This latest round of funding takes the total funds raised by Moglix to $220 Million. Accel Partners, Jungle Ventures and Venture Highway have been the earliest investors in the company. Moglix has in-subsequent rounds received investments from leading global venture capital funds such as Tiger Global, Sequoia Capital India, International Finance Corporation and Composite Capital among others. Mr. Ratan Tata, Chairman emeritus, Tata Sons had invested in the start-up in 2016. Leaders from the start-up and manufacturing communities such as Mr. Kalyan Krishnamurthy, CEO Flipkart, Mr. Vikrampati Singhania, MD, JK Fenner and Mr. Shailesh Rao, Ex-Google have been investors in Moglix.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Commodities Intelligence Centre and ZALL Group Wins Gold and Silver Awards at The 2021 Asia-Pacific Stevie Awards

SINGAPORE, May 14, 2021 – (ACN Newswire) – Commodities Intelligence Centre (CIC), a physical commodities B2B e-trade platform, announced today that it has won the prestigious Gold Stevie(R) Award for "Innovation in Business-to-Business Services". Its parent company, ZALL Smart Commerce Group (ZALL Group), a leading Chinese B2B e-commerce group with a global presence, has also received the Silver Stevie Award winner for "Best Corporate Response" in fighting against the spread of the COVID-19 pandemic. CIC and ZALL Group were conferred this honour at the 2021 Asia Pacific Stevie Awards, which publicly recognises the achievements and positive contributions of organisations and working professionals worldwide.

Peter Yu, Chief Executive Officer of Commodities Intelligence Centre and Vice President of ZALL Group, shared, "CIC and ZALL Group are deeply honoured and proud to win the 2021 Asia-Pacific Stevie Awards. During the height of the pandemic, our teams at ZALL Group and CIC played a key role as the first responder towards government efforts in fighting the Covid-19 pandemic. The team delivered millions of masks and emergency medical supplies to countries worldwide by tapping on our global technology-enabled ecosystem, network and resources."

"Amid supply chain disruptions, CIC continued to drive innovation with its B2B service offerings, empowering SMEs in Singapore and in Asia with their digital transformation journeys, reinventing their business models with more substantial global supply chain capabilities from sourcing to last-mile delivery and fulfilment during such challenging times. The awards not only affirms the hard work of our teams, but it also validates our global technology leadership position within the B2B etrade segment," added Peter.

Being part of the global supply chain ecosystem, ZALL Group was able to tap on CIC's integrated online platform and offline global supply chain logistics capabilities to mobilize immediate efforts for the Group's international procurement and supply of medical supplies. As such, ZALL Group was able to provide humanitarian assistance in areas where there was greatest shortage in medical aid and equipment. ZALL Group also managed to secure assistance from governments, embassies and civil aviation authorities around the world for designated green lanes for expedited customs clearance amid global lockdown restrictions.

ZALL Group has since delivered 11 air cargo shipments and over 8.75 million quality personal protective equipment (PPE) worth RMB185 million (S$38.1 million), including masks, protective clothing, goggles, gloves and disinfectants, to China, and over 5 million masks to 16 countries around the world. The Group was also among the first to set up seven emergency hospitals and three shelter hospitals in China, and published two e-books on Emergency Hospitals and Fangcang Shelter Hospitals to support the global fight against the pandemic. There were more than 1 million downloads for these e-books worldwide.

Supporting Asia's SME Ecosystem With Technology

A joint venture between ZALL Smart Commerce Group (ZALL Group), Global eTrade Services (GeTS) and the Singapore Exchange (SGX), CIC uses blockchain technology to offer a one-stop integrated value-added services that aims to revolutionise commodities trading by facilitating cross-border business-to-business (B2B) trades, helping companies to uncover new business opportunities, reduce transaction costs and achieve greater trading synergies globally. Its platform and technologies have helped SMEs to accelerate their digital transformation and safeguard their business risks amid global disruptions, enabling companies to trade with confidence with greater transparency, traceability and security. In 2020, the number of customers on CIC's platform grew by 26 per cent as compared to 2019 to reach over 5800 registered users.

Over the past year, CIC has partnered with the Singapore Business Federation (SBF) via their "Rising in Support of Enterprises (RISE)" Programme to help SMEs cope with the challenges of the pandemic by tapping on CIC's business intelligence service DataPro, providing SMEs access to a wide database of over 2 billion records of customs and trade data from more than 110 countries across Asia, Europe and the Americas. It has also jointly launched a "Digital Silk Road" initiative led by ZALL Group, and joined Singapore's Blockchain for Trade & Connectivity (BTC) Network, which aims to help SMEs embrace adopt CIC's blockchain solution TradePro for their business needs and to promote greater trading efficiency and transparency across global supply chains.

The Asia-Pacific Stevie Awards are the only business awards program to recognize innovation in the workplace in all 29 nations of the Asia-Pacific region. The Stevie Awards are widely considered to be the world's premier business awards, conferring recognition for achievement in programs such as The International Business Awards for 19 years.

Nicknamed the Stevies for the Greek word for "crowned," the winners will be celebrated during a virtual (online) awards ceremony on Wednesday, 14 July.

Gold, Silver and Bronze Stevie Award winners were determined by the average scores of more than 100 executives around the world acting as judges in March and April. Information about the 2021 Asia-Pacific Stevie Awards can be found at this link, https://www.asia.stevieawards.com/2021-stevie-winners.


About Commodities Intelligence Centre (CIC)

The Commodities Intelligence Centre (CIC) is a global trading platform for physical commodities including Ferrous & Non-Ferrous Metals, Chemicals & Plastics, Oil & Petroleum, and Agri Commodities. Officially launched in Singapore on 12 Oct 2018, CIC is a Joint Venture between China-based ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX) to build trade connectivity through digital marketplaces and to grow a vibrant trading ecosystem in Singapore.

CIC aims to revolutionise commodity trading and facilitate cross-border trade through deal matching, trade finance, supply chain logistics, track and trace and global trade compliance. Since its establishment in October 2018, CIC has achieved a GMV (Gross Merchandise Volume) of more than US$13.4 billion (S$17.6 billion), with over 5,800 registered users covering markets including Singapore, Malaysia, Indonesia, India, China, among other countries in Asia.

About ZALL Smart Commerce Group

ZALL Smart Commerce Group is a leading Chinese B2B e-commerce group (ranked 166th of Fortune China 500 companies) with a global footprint across the world and is listed on three exchanges on HKSE, NYSE and SSE. ZALL Group develops and operates Asia's largest B2B offline-to-online trade ecosystem in China and Southeast Asia, including Singapore, with more than 30 B2B platforms in China, US and Singapore, and a GFA of more than 10 million sqm of wholesale trade centres in China. In 2018, ZALL Group achieved a GMV of more than RMB 600 billion (US$85.2 bn), serving over 1 mil SME customers worldwide. ZALL has also obtained a virtual banking licence and currently operates Z-Bank in China since 2017, one of China's Top 5 digital banks that has supported more than 5.5 million SME and individual customers.

Since 2018, ZALL has invested in five projects in Singapore, including the Commodities Intelligence Centre (CIC), Singapore's first physical commodity eTrading platform (B2B) powered by blockchain technology; ezbuy.sg, Singapore's leading global online shopping platform; ZMA Smart Capital, an online trade finance company; ZALL Chain Technology, a blockchain solutions company. For more information, please visit http://en.zallcn.com/

About the Stevie Award

Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Sponsors and partners of the 2021 Asia-Pacific Stevie Awards include Adobo Magazine, PR Newswire Asia, and the Korea Business Communicators Association.

For media queries
Email: ZALL@preciouscomms.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKTDC’s Start-up Fiesta kick-starts today

HONG KONG, May 5, 2021 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) today announced the launch of the inaugural Hong Kong Start-up Fiesta campaign that will run in May and June. Comprising a full range of activities organised by the HKTDC and other organisations, the aim of the campaign is to support and foster the local start-up eco-system and help innovative new companies capture business opportunities amid the challenges of the pandemic.
Speaking at today's ceremony to mark the launch of the Hong Kong Start-up Fiesta campaign, HKTDC Assistant Executive Director Stephen Liang said the HKTDC will work with different organisations to co-create a series of start-up-focused activities in May and June.


Stephen Liang, Assistant Executive Director, HKTDC (front row, second from right), Jason Chiu, Chairman, Hong Kong Start-up Council (front row, from right) and Mark Lo, CEO, AMTD (front row, from left) took a group photo with the 10 selected scale-ups for the Start-up Express Master League, including Contact Beverage, CYC Motor, Film Players, Gense Technologies, Incus, Koofy Development Limited, MAD Gaze, Return Helper, MedEXO Robotics and Miscato.


MAD Gaze employs mixed reality (MR), virtual reality (VR) and augmented reality (AR) to produce the next generation of smart eyewear.



The number of start-ups in Hong Kong has more than doubled over the past six years, surging from 1,558 in 2015 to 3,360 in 2020. In order to empower local start-ups, the HKTDC will work with different organisations for Start-up Fiesta, including Cyberport, Hong Kong Science and Technology Parks, InvestHK, universities and the start-up community, to co-create about 20 different start-up-focused activities. Anchored by the Start-up Express Master League and annual Start-up Express Pitching Final, the campaign also features a series of booster workshops, mentorship programmes and networking events.

Speaking at today's opening ceremony, HKTDC Assistant Executive Director Stephen Liang said the HKTDC would continue its commitment to supporting entrepreneurs in expanding their businesses, in addition to promoting the city's capabilities in innovation and technology. "The COVID-19 pandemic has had a big impact on the global economy, which means start-ups need our help more than ever. Giving start-ups the chance to use their creativity to explore business opportunities will help them continue to grow during this challenging time. The debut Start-up Fiesta campaign enlists the support of different organisations in the ecosystem, co-creating an array of activities to promote local entrepreneurship."

Start-up Express Master League promotes local scale-ups

The Start-up Fiesta kicked off with the Start-up Express Master League, which aims to encourage and support local entrepreneurs, selecting programme alumni that have demonstrated the most vigorous business growth since joining the cohort. The selected scale-ups will be granted an extra year of marketing support from the programme to help them build their brands.

The 10 scale-ups joining the Start-up Express Master League were selected based on their business resilience, growth and expansion strategy. They include Contact Beverage, CYC Motor, Film Players, Gense Technologies, Incus, Koofy Development Limited, MAD Gaze, Return Helper, MedEXO Robotics and Miscato.

At today's opening ceremony, the companies shared their experiences in overcoming obstacles and working to achieve breakthroughs during the pandemic. Among them, Contact Beverage has combined technology with traditional wisdom to produce the Lify smart beverage device. Using the Internet of Things, big data and smart mobile technologies, Lify aims to provide natural remedies and beverages in the simplest and most effective way. The company is also looking to launch its innovation in overseas markets with the help of networking and promotional activities organised by the HKTDC.

Another start-up, Incus, has developed disruptive source separation technology that can separate different human voices in complex environments with real-time processing. MAD Gaze is smart glasses company employing mixed reality (MR), virtual reality (VR) and augmented reality (AR) technologies to create the next generation of eyewear. The company recently launched its latest smart glasses model, which allows users to experience the benefits of AR, and has successfully expanded its global footprint with the HKTDC's support.

The winning scale-ups in the Start-up Express Master League will be able to join a range of local and international activities and events, exploring networking opportunities with potential investors, buyers and business partners. They can also participate in exhibitions and conferences organised by the HKTDC in Hong Kong that have a dedicated start-up zone, such as the Asian Financial Forum, the Hong Kong Electronics Fair (Spring & Autumn Editions) and the Hong Kong International Medical and Healthcare Fair. Moreover, they will also have the opportunity to join the Hong Kong Pavilion at international exhibitions such as the Consumer Electronics Show (CES) in Las Vegas in the United States and the Mobile World Congress (MWC) event in Barcelona, Spain, to broaden their connections and experience.

Fourth Start-up Express helps start-ups to grow

Start-up Express, a start-up development programme launched by the HKTDC, is returning for its fourth edition to assist local start-ups in building connections, exploring markets, seeking partners and developing brand awareness. Applications are invited until 12 May and the programme will culminate in the Pitching Final on 29 June, with the winners given the opportunity to join local and overseas trade promotions and activities organised by the HKTDC, as well as exhibit at international start-up events to expand their business networks.

"Start-up Express has been giving tremendous support to local start-ups over the past three years, helping them explore global markets, seal major orders and win international awards, assisting them in growing their businesses to the next level. With the global economy severely impacted by the pandemic, it is harder than ever for start-ups to find funding and business partners, making it all the more important to assist them in promoting their innovative technologies to corporations," Mr Liang said.

The shortlisted start-ups in last year's Start-up Express mainly focused on areas such as artificial intelligence, big data, biotech, the Internet of Things, fintech and robotics. In 2021, more new technologies are explored, including augmented reality, virtual reality, green tech, health tech and retail tech. In recent years, environmental, social, and governance (ESG) criteria have become increasingly important among venture capitalists and corporations, so the Social Impact Award has been established to recognised innovative and ground-breaking start-up ideas that create real social impact.

Holistic support for start-ups

Co-organised with the Hong Kong Startup Council, Enterprise Connect: Solution Day will be held in mid-June and invites start-ups in medtech, food tech and wellness tech to present their ideas under the theme "Well Being Tech", pitching to business users and fostering collaboration between start-ups and user enterprises. Co-organised with The Hong Kong Federation of Youth Groups, the Young Founders' Camp equips young entrepreneurs via brainstorming workshops and mentorship sessions, offering a testing ground for them to implement their start-up ideas through HKTDC-organised events such as SmartBiz Expo and Entrepreneur Day. Meanwhile, the success stories of various Start-up Express alumni will be brought together in the Start-up Express Digital Book: A Journey to Success.

Partner organisations of the Start-up Fiesta, including W-Hub, Entrelink, Advantage Austria, Junior Achievement Hong Kong and more, will organise various seminars and workshops to provide networking opportunities to support local start-ups.

Attracting investors

The AMTD Group is the Sole Strategic Partner of Start-up Express for the third consecutive year. Calvin Choi, Chairman of the Board of Directors and Chief Executive Officer of AMTD Group, Founding Chairman of the Greater Bay Young Entrepreneurs Association ("GBYEA"), Vice Chairman of Greater Bay Area Homeland Youth Community Foundation and the Vice President of China Young Entrepreneurs Association believes that core values and fundamental business models for start-ups must be solid, sustainable and resilient. Accordingly, there will be opportunities available for the more ready start-ups no matter during good times or bad times, and even during extreme situations such as the COVID pandemic, as long as the entrepreneurs have clear vision and strategy to navigate beyond status quo to rise up as a winner in due course.

"The global economy has been severely affected by the pandemic, and inevitably this has also impacted the investment sentiment. This makes it even more crucial for founders of start-ups to embrace developments and visions beyond the current points in time but into a sustainable long term future," Mr Choi shared his perspectives, given that the AMTD Group has invested in many start-ups around the world, paying close attention to factors such as the comprehensiveness of business solutions, cross-region and cross-platform features, growth trajectory, sustainability, scalability and the team's vision and resilience.

Websites
– Hong Kong Start-up Fiesta: https://hkstartupfiesta.hktdc.com
– Start-up Express: http://info.hktdc.com/startupexpress/en/index.html
– HKTDC's media room: http://mediaroom.hktdc.com/en
– Photo download: https://bit.ly/3b3DP7s

Media enquiries
Please contact the HKTDC Communications & Public Affairs Department:
Christine Kam, Tel: +852 2584 4514, Email: christine.kam@hktdc.org

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Futu SG’s New Referral Programme “Share leh!” Rewards Users for Sharing

Singapore, May 4, 2021 – (ACN Newswire) – Futu Singapore Pte. Ltd. (“Futu SG”), a wholly-owned subsidiary of Futu Holdings Limited (Nasdaq:FUTU) announced the launch of its new “Share leh!” campaign on its latest one-stop investment platform, moomoo, which aims to further boost the idea of inclusivity and connectivity within the investing community. The campaign, which runs from 1 May to 31 May 2021, will provide benefits to both new and seasoned users.

In line with the company’s mission to “make investing easier and not alone”, Futu SG has come up with an enhanced referral programme where new users and their friends are able to earn up to 20 Twitter (TWTR) shares*, which have a net worth doubling more than what was offered during the last campaign (one was previously able to earn up to S$600 cash coupon). In addition, users who had opened an account prior to the campaign can still enjoy benefits from the new referral programme as their list of referrers gets reset back to zero.

Under the “Share leh!” campaign, new users will now receive 1 free Apple (AAPL) share, along with 180 days commission-free trading for US, HK & SG markets, free level 2 market data for US stocks and free level 1 real-time market data for SGX securities per new account opening with a minimum deposit of either S$2,700, US$2,000 or HK$16,000 before 1500 hrs on 31 May 2021*.

The key motivation behind Futu SG’s new campaign is the results from its previous survey on investing trends amongst Gen Z and Millennials, which found that many young investors have developed a greater interest in investing and have begun taking greater ownership of their finances. As “FOMO” (Fear of Missing Out) is highly undesired among these demographics, Futu SG hopes that its campaign would bring about an engaging social community that promotes a sense of inclusivity and culture to all users.

As highlighted by the campaign name, Futu SG hopes to show users how they will be rewarded by sharing offers, insights, profits graphs, and investment ideas to their peers. In addition, moomoo app provides an open forum known as the moo community which allows its users and clients to share investment ideas, ask questions and exchange insights through posts and live-streams. Features that are available in the community include digital content, tasks & missions and analytical guides for both new and seasoned investors. The moo community was created to boost the idea of making investing “not alone”, and seeks to help investors enrich their investing knowledge and establish rapport with other investors. Futu SG hopes that these initiatives will highlight how investment is never a lonely journey for users and that they will always have the backing of moo community.

Since its launch in Singapore this March, moomoo powered by Futu has received much success to date, having seen robust growth momentum and encouraging user feedback. The platform currently has more than 13 million users worldwide and possesses one of the fastest growing investor communities in the region which enables users to stay up-to-date of the latest investment trends.

Another testament to Futu Holdings Limited’s success is its achievement of the Fintech Award under the Trading Services category in the Singapore Business Review Awards 2021 for the launch and creation of moomoo.

Recognising the importance in having both user-friendly designs and advanced product features, Futu Holdings Limited designed moomoo with a slick interface which provides wide product offerings of market accessibility, data options, low commissions and user fees to reduce friction in accessing global investable products. moomoo app also includes AI-driven data screeners and easy-to-analyse trading charts, facilitating the convenience of trading across multiple markets with its multi-currency facility.

“We are very thankful to have received the SBR Awards and are confident that this is a positive sign of the success from our digitalisation efforts. Since establishing in 2012, we have always been on a mission to improve the investing experience of users through product upgrading and have dedicated over 70% of our employees to research and development. We also recognised that investing should not be a difficult and lonesome process and have therefore placed great emphasis on social elements. We believe that our latest campaign of rewarding users for sharing will show our commitment in being there for them along every step of the way,” says Leaf Li, Founder & CEO of Futu.

*Terms and conditions apply. The full terms and conditions and disclaimer can be found at https://j.moomoo.com/003U7L. This advertisement has not been reviewed by the Monetary Authority of Singapore. In Singapore, capital market products and services in moomoo are offered by Futu Singapore Pte. Ltd.

About moomoo

moomoo Inc. is a wholly-owned subsidiary of Futu Holdings Ltd, which is an advanced technology company transforming the investing experience by offering a fully digitised trading and wealth management platform. moomoo’s mission is to provide any level of investors with an intuitive and powerful investing platform by using technology. We keep improving customer’s experience and driving industrial innovation backed by independent technological research and development (R&D) capabilities on the whole trading process and our creative internet operating model. Capital markets products and services on moomoo are offered by Futu Singapore Pte. Ltd. to persons in Singapore, or to persons in jurisdiction where such offers are permitted. Futu Singapore Pte. Ltd. is a wholly-owned subsidiary of Futu Holdings Limited.

About Futu Singapore Pte. Ltd

Futu Singapore Pte. Ltd. is a wholly-owned subsidiary of Futu Holdings Limited. Futu Singapore Pte. Ltd. (www.futusg.com) is a capital markets services licence holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000).

About Futu Holdings Limited

Futu Holdings Limited (NASDAQ: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitised trading and wealth management platform. Pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The organisation’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.

For all media queries, please contact:
Ashley Tan
FPR
T: 6438-2990
E: FUTU-SG@financialpr.com.sg



Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Moomoo Inc. clinches Title Sponsorship for Yahoo Finance?s Exclusive Livestream of the 2021 Berkshire Hathaway Shareholders Meeting

Singapore, Apr 29, 2021 – (ACN Newswire) – Moomoo Inc, an all-in-one digitalised stock trading and wealth management platform and a wholly owned subsidiary of Futu Holdings Ltd (Nasdaq: FUTU), announced today that it has been selected as the title sponsor of the 2021 Berkshire Hathaway Shareholders Meeting live stream event. Yahoo Finance is the exclusive live stream host for the event which will be held on Saturday, 1 May 2021 beginning at 12:30 pm ET.

Berkshire Hathaway’s Annual Shareholders Meeting, known as the “Woodstock for Capitalists”, is one of the most well attended shareholder meetings in the world. In the new normal, the event will be broadcast remotely. Yahoo Finance will connect moomoo’s 13 million users to the only destination for investors and professionals to hear directly from billionaire investor Warren Buffett.

Millions of people around the world are expected to tune in to hear Chairman and CEO Warren Buffett, Vice Chairman Charlie Munger, Vice Chairman of Non-Insurance Operations Greg Abel and Vice Chairman of Insurance Operations Ajit Jain share their insights on economic recovery, today’s markets, the company, and more.

Mr. Leaf Hua Li, Founder & CEO of FUTU, said: “We are honoured to be selected as the Title Sponsor for Yahoo Finance’s live stream of Berkshire Hathaway’s Shareholder Meeting. The walls of access are tumbling down in this digital world and it is our privilege to provide our users with this opportunity.

There is always so much to learn from Berkshire Hathaway and Warren Buffett, one of the greatest investors of our times. We look forward to seeing a lively discussion on our moo community platform, with industry experts commenting and interpreting these nuggets of wisdom for our users.”

Created with the intention of fulfilling its mission in making investing “not alone”, the moo community serves as a platform for users to post investment ideas and trading history as well as interact directly with over 700 companies, fund managers, media and key opinion leaders through posts and live-streaming. On a daily basis, it has more than 1 million active users, over 310,000 user-generated content and over 3,000 posts. FUTU will be streaming the show live on its moomoo app, which is available in the Apple App Store or Google Play Store.

As an incentive to download the app for first time users, Futu Singapore is offering the following with a SGD 2,700 deposit for every account opening*:

– 1 Free Apple (AAPL) Share
– Cash coupon of SGD 30
– 90 days unlimited commission-free trading for US, HK & SG markets
– Free level 2 market data for US Stocks

The schedule of the live coverage is below, with special guests and interviews for the pre and post shows to be announced at a later date.

Yahoo Finance Livestream Programming Schedule:

· 12:30pm ET Yahoo Finance pre-show

· 1:30pm ET Shareholder Q&A with Warren Buffett, Charlie Munger, Ajit Jain, and Greg Abel

· 5:00pm ET Berkshire Hathaway business meeting

· 5:30pm ET Yahoo Finance post-show

· 6:00pm ET Livestream ends

The programme will also be broadcasted live on Yahoo Finance.

*Terms and conditions apply. The full terms and conditions and disclaimer can be found at https://j.moomoo.com/003U7L . This advertisement has not been reviewed by the Monetary Authority of Singapore. In Singapore, capital market products and services in moomoo are offered by Futu Singapore Pte. Ltd.

About Futu Holdings Limited

Futu Holdings Limited (NASDAQ: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitised brokerage and wealth management platform. Pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The organisation’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.

About Futu Singapore Pte. Ltd

Futu Singapore Pte. Ltd. is a wholly-owned subsidiary of Futu Holdings Limited. Futu Singapore Pte. Ltd. (www.futusg.com) is a capital markets services licence holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000).

About moomoo

moomoo Inc. is a wholly-owned subsidiary of Futu Holdings Ltd, which is an advanced technology company transforming the investing experience by offering a fully digitised brokerage and wealth management platform. moomoo’s mission is to provide any level of investors with an intuitive and powerful investing platform by using technology. We keep improving customer’s experience and driving industrial innovation backed by independent technological research and development (R&D) capabilities on the whole trading process and our creative internet operating model. Capital markets products and services on moomoo are offered by Futu Singapore Pte. Ltd. to persons in Singapore, or to persons in jurisdiction where such offers are permitted.

For all media queries, please contact:

Ashley Tan / Jass Lim
FPR
T: 6438-2990
E: FUTU-SG@financialpr.com.sg



Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Commodities Intelligence Centre (CIC) Sees 26% Jump in Registered Customers in 2020

SINGAPORE, Apr 16, 2021 – (ACN Newswire) – Singapore-based Commodities Intelligence Centre (CIC) – a Joint Venture between the ZALL Smart Commerce Group (ZALL), Singapore Exchange (SGX) and Global eTrade Services (GeTS) – has announced strong growth in FY2020, driven by the urgency for supply chains to digitalise during the pandemic. In 2020, the number of customers on the platform grew by 26 per cent as compared to 2019 to reach 5800 registered users. Among the commodities traded on the platform include ferrous and non-ferrous metals, agricultural products, plastics and chemicals, and oil products. The total cumulative gross merchandise volume (GMV) on the CIC platform grew by over US$3.1 billion (S$4.1 billion) to reach US$13.4 billion (S$17.6 billion), an increase of more than 30 per cent from 2019.

Peter Yu, Chief Executive Officer of CIC shared, "By making our platform and technologies affordable and easy to use, SMEs are able to easily onboard the platform and make use of these digital tools to grow their businesses. With global disruptions such as COVID-19 and the recent Suez Canal incident, we want to help SMEs build more sustainable and resilient businesses that can endure these challenging times as they grow and expand in Asia and to achieve greater trading synergies globally."

According to the UOB SME Outlook Survey 2021, 34 percent of SMEs find digital adoption costly to implement, and yet companies who have digitally transformed one or more departments, or their entire business, have seen a significantly higher revenue growth. One of the Singapore SMEs who have benefited from CIC's platform is Go Holdings, a cullet supplier in Southeast Asia. Tapping on CIC's business intelligence service DataPro, it has been able to access a wide database of over 2 billion records of customs and trade data from more than 110 countries across Asia, Europe and the Americas. This has allowed them to uncover new markets and diversify their trading operations, and connect with reliable partners and suppliers that align with their business goals. Alongside this, CIC also recently introduced a convenient Know-Your-Customer (KYC) service that helps SMEs with their due diligence to better manage their business risks.

Huang Zhi Rong, Business Development Executive of Go Holdings, shared, "As a general trading company from a traditionally offline industry, the thought of digitalization can be daunting and challenging as this is often costly and resource intensive, and it takes up time and effort. However, digital platforms such as CIC, has allowed us to gain a competitive edge in the market, especially during the Covid-19 pandemic, by providing us with valuable market insights to guide our decision making and has enabled us to tap on the right information sources to strategize our business plans that has brought about profound changes to our import and export trade businesses." Go Holdings is currently a subscriber of CIC's DataPro services.

Over the past year, CIC has embarked on numerous initiatives to support SMEs in their digital transformation journey. In May 2020, CIC worked with Singapore Business Federation (SBF) to support SMEs under the "Rising in Support of Enterprises (RISE)" programme during the height of the pandemic. In December 2020, it has also jointly launched a "Digital Silk Road" initiative led by ZALL, and joined Singapore's Blockchain for Trade & Connectivity (BTC) Network, which aims to help SMEs embrace the power of digitalisation to uncover new trading opportunities and to promote greater efficiency and transparency across global supply chains.

With sustainability becoming increasingly important for companies, CIC is also focusing more efforts to support commodity trading that contributes towards climate change and environmental sustainability, such as clean and renewable energy, as it aims to groom more than ten Global Commodity Champions over the next three to five years on the back of the world's largest trade pact, the Regional Comprehensive Economic Partnership (RCEP) and China's dual circulation strategy.

"At Go Holdings, we have also focused on environmental sustainability. Although it has not been an easy journey for us, we have taken steps to become a sustainable company, from our selection of partners and vendors that share our common values, to our internal processes that promotes the use of sustainable materials and a culture of Reuse, Reduce and Recycle among our employees", added Huang Zhirong of Go Holdings.


About Commodities Intelligence Centre (CIC)

The Commodities Intelligence Centre (CIC) is a global trading platform for physical commodities including Ferrous & Non-Ferrous Metals, Chemicals & Plastics, Oil & Petroleum, and Agri Commodities. Officially launched in Singapore on 12 Oct 2018, CIC is a Joint Venture between China-based ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX) to build trade connectivity through digital marketplaces and to grow a vibrant trading ecosystem in Singapore.

CIC aims to revolutionize commodity trading and facilitate cross-border trade through deal matching, trade finance, supply chain logistics, track and trace and global trade compliance. Since its establishment in October 2018, CIC has achieved a GMV (Gross Merchandise Volume) of more than US$13.4 billion (S$17.6 billion), with over 5,800 registered users covering markets including Singapore, Malaysia, Indonesia, India, China, among other countries in Asia. For more information, please visit www.cic-tp.com.

For media queries
Email: CIC@preciouscomms.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com