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iQIYI Releases 'Tough Out' Under a New Distribution Model with Elemeet
BEIJING, Nov. 25, 2020 /PRNewswire/ -- iQIYI Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative, market-leading online entertainment service in China, is pleased to announce that its co-produced documentary, Tough Out, will begin screening in movie theaters from on December 11th under a new distribution model with Elemeet. iQIYI Releases 'Tough Out' Under a New Distribution Model with Elemeet iQIYI discovered Tough Out at the 9th CNEX Chinese Documentary Forum and helped promote the documentary to wider audiences. Telling the story of a group of troubled teenagers learning to play baseball with a famous baseball coach, the film was awarded "Best documentary" and "Audience Choice" awards at the 14th FIRST International Film Festival. The film was rated 8.8/10 on Douban, the Chinese equivalent of Rotten Tomatoes. Apart from Tough Out, another iQIYI co-produced film, Balloon, has begun screening in theaters on November 20th. Directed by renowned Tibetan director, Pema Tseden, Balloon was screened in the Horizons section at the 76th Venice International Film Festival. Recognition for Tough Out and Balloon has proved iQIYI's commitment to working with outstanding content creators. The Company has signed a strategic cooperation with film screening platform Elemeet to co-launch an innovative distribution model with full-cycle services including integrated online-offline promotion and distribution support. This will improve income from the box office and the internet, and address the issue of discontinuity when a movie is scheduled in multiple window periods across different channels. Leveraging Elemeet's screening on-demand resources in movie theaters and iQIYI's online distribution capacity, both parties will work together to select quality films, evaluating them based on artistry, social influence and market potential, and customize distribution plans, providing young film professionals with funding and staffing resources to better promote and distribute their work. Other than Tough Out and Balloon, more films were announced for distribution under this new model, including Summer Blur, a film that won awards at the Pingyao Film Festival and the Pusan International Film Festival, and Damp Season, which was in competition at the 2020 Rotterdam International Film Festival.
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Private Network Deployments Will Generate Revenues in Excess of US$64 Billion by 2030
Industrial manufacturing, energy production, and logistics sectors driving deployments LONDON, Nov. 25, 2020 /PRNewswire/ -- With enterprise 5G maturing, the importance of private networks for the enterprise domain will continue to grow. According to new research by global tech market advisory firm ABI Research, the demand for private network deployments will be driven primarily by heavy industry verticals. Industrial manufacturing, energy production (including mining, oil and gas, and logistics) alone will generate private network revenues of US$32.38 billion by 2030, representing half of the US$64 Billion overall private network revenues. "These findings show the importance of private networks, particularly for automating mission- or even life-critical use cases, that require the highest possible network reliability and availability and are characterized by a high degree of network integrity to prevent data from leaving the enterprise premises," says Leo Gergs, Research Analyst for 5G Markets at ABI Research. "Enterprises that require network slicing capabilities to separate mission-critical from non-mission-critical use cases within the same physical network will turn to private networks." Two main factors are causing the surge in private network demand. Gergs explains, "First, there is a huge rise in demand for automation and enterprise digitization. What has started with Industry 4.0 is now exacerbated by the aftermath of the global COVID-19 outbreak. Enterprises in industrial manufacturing, logistics, and oil and gas are now accelerating their digitization plans to reduce their dependency on manual labor availability and increase the resilience of their business operations against sudden disruptions to supply chains. The second is the addition to the demand-side effect." Gergs continues, "The market for private network deployments will also benefit from a supply-side effect. The freeze of Release 16 gives enterprises the much-needed reassurance of 5G capabilities for enterprise-grade connectivity, which allows chipset and module manufacturers to grow the device ecosystem for compatible hardware. The maturing device ecosystem, in turn, drives down prices per module and therefore makes the deployment of private 5G network more cost-efficient, which will spur additional interest from enterprises." There is a growing number of private network offerings emerging on the market to address this rising opportunity. While private network operators like Ambra, Citymesh or Edzcom are threatening traditional CSPs' market share by monetizing managed services other than connectivity, hyperscalers like AWS, Google, IBM, and Google are launching their private network offerings in co-creation efforts with telco players. In addition, software companies like Athonet or Quortus benefit from trends toward network virtualization, which allows them to offer a virtualized core network either through System Integrators or to enterprises directly. "These breathtaking developments show the amazing pace at which this market is evolving. Against this backdrop, it is important that all players in the enterprise connectivity domain develop a durable business strategy to profit from this rising market," concludes Gergs. These findings are from ABI Research's Private Networks for Enterprise application analysis report. This research is part of the company's 5G Markets research service, which includes research, data, and analyst insights. Based on extensive primary interviews, Application Analysis reports present in-depth analysis on key market trends and factors for a specific technology. About ABI ResearchABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com. Contact Info: Global Deborah Petrara Tel: +1.516.624.2558 pr@abiresearch.com Logo - https://mma.prnasia.com/media2/276887/abi_research_logo.jpg?p=medium600 Related Links :http://www.abiresearch.com
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Ruhnn Announces Receipt of Preliminary Non-Binding "Going Private" Proposal
HANGZHOU, China, Nov. 25, 2020 /PRNewswire/ -- Ruhnn Holding Limited ("ruhnn" or the "Company") (NASDAQ: RUHN), a leading internet key opinion leader ("KOL") facilitator in China, today announced that its board of directors (the "Board") has received a preliminary non-binding proposal letter, dated November 25, 2020, from three founders of the Company, Min Feng, Lei Sun and Chao Shen (together with their respective affiliates, the "Buyer Group"), proposing to acquire all outstanding Class A ordinary shares, including Class A ordinary shares represented by American depository shares (the "ADSs," each representing five Class A ordinary shares), and Class B ordinary shares (together with the Class A ordinary shares, the "Shares") of the Company not already owned by the Buyer Group for US$0.68 per Share (or US$3.4 per ADS) in cash in a going private transaction (the "Proposed Transaction"). A copy of the proposal letter is attached hereto as Exhibit A. The Board has formed a special committee consisting of independent directors Cecilia Xiaocao Xu, Junhong Qi and Tina Ying Shi to evaluate and consider the Proposed Transaction. The Board cautions the Company's shareholders and others considering trading in its securities that the Board just received the non-binding proposal letter from Min Feng, Lei Sun and Chao Shen and no decisions have been made with respect to the Company's response to the Proposed Transaction. There can be no assurance that any definitive offer will be made, that any agreement will be entered into or that the Proposed Transaction or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required by applicable law. About Ruhnn Holding Limited Ruhnn Holding Limited is a leading KOL facilitator in China. The Company connects influential KOLs who engage and impact their fans on the internet to its vast commercial network to build the brands of fashion products. Ruhnn pioneered the commercialization of the KOL ecosystem in China, and operates under both platform and full-service models. The Company's platform model promotes products sold in third-party online stores and provides advertising services on KOL's social media spaces to third-party merchants. The full-service model integrates key steps of the e-commerce value chain from product design and sourcing and online store operations to logistics and after-sale services. As of September 30, 2020, the Company had 180 signed KOLs with an aggregate of 295.3 million fans across major social media platforms in China. For more information, please visit http://ir.ruhnn.com. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from ruhnn's management in this announcement as well as ruhnn's strategic and operational plans contain forward-looking statements. Ruhnn may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ruhnn's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; trends in the internet KOL facilitator industry in China and globally; competition in the Company's industry; fluctuations in general economic and business conditions in China; and the regulatory environment in which the Company operates. Further information regarding these and other risks is included in the Company's filings with the SEC, including its registration statement on Form F-1, as amended, and its annual reports on Form 20-F. All information provided in this press release is as of the date of this press release, and ruhnn does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: In China: Ruhnn Holding LimitedSterling SongSenior Director of Investor RelationsTel: +86-571-2825-6700E-mail: ir@ruhnn.com The Piacente Group, Inc.Emilie WuTel: +86-21-6039-8363E-mail: ruhnn@thepiacentegroup.com In the United States: The Piacente Group, Inc. Brandi PiacenteTel: +1-212-481-2050E-mail: ruhnn@thepiacentegroup.com Exhibit A Non-Binding Proposal Letter from the Founders November 25, 2020 The Board of DirectorsRuhnn Holding Limited11F, Building 2, Lvgu Chuangzhi Development Center788 Hong Pu RoadJianggan District, Hangzhou 310016People's Republic of China Dear Directors: We, Messrs. Min Feng, Lei Sun and Chao Shen, are pleased to submit this preliminary non-binding proposal (this "Proposal") to acquire all outstanding Class A ordinary shares (the "Class A Ordinary Shares"), including Class A Ordinary Shares represented by American depository shares (the "ADSs", each representing five Class A Ordinary Shares), and Class B ordinary shares (together with the Class A Ordinary Shares, the "Shares") of Ruhnn Holding Limited (the "Company") that are not already beneficially owned by any of us or any of our respective affiliates in a going private transaction (the "Transaction"). Our proposed purchase price is US$0.68 per Share (or US$3.4 per ADS) in cash. We believe that our proposal provides an attractive opportunity for the Company's shareholders. Our proposed purchase price represents a premium of approximately 10.4% to the closing trading price of the ADSs on November 24, 2020, the last trading day prior to the date hereof and a premium of 27.2% to the volume-weighted average price during the last 60 trading days. We currently beneficially own approximately 42.7% of the total issued and outstanding Shares and 87.8% of the total voting power of the Company, based on the Company's latest outstanding number of Shares as publicly disclosed. We are confident in our ability to consummate the Transaction as outlined in this Proposal. The principal terms and conditions upon which we are prepared to pursue the Transaction are set forth below. 1. Purchase Price. We propose to acquire all of the outstanding Shares (including Class A Ordinary Shares represented by ADSs), other than those beneficially owned by any of us or any of our respective affiliates, at a purchase price equal to US$0.68 per Share (or US$3.4 per ADS) in cash. 2. Financing. We intend to finance the Transaction with our cash on hand and third party equity and/or debt financing (if required). We are confident that we can timely secure adequate financing to consummate the Transaction, if such financing is required. 3. Due Diligence. Parties providing financing (if any) may require a timely opportunity to conduct customary due diligence on the Company. We have engaged King & Wood Mallesons LLP as our legal counsel. We would like to ask the Board to accommodate such due diligence request and approve the provision of confidential information relating to the Company and its business to possible sources of financing subject to a customary form of confidentiality agreement. 4. Definitive Documentation. We are prepared to promptly negotiate and finalize the definitive agreements (the "Definitive Agreements") providing for the Transaction. We expect that such Definitive Agreements with respect to the Transaction will contain representations, warranties, covenants and conditions which are typical, customary and appropriate for transactions of this type. 5. Process. We believe that the Transaction will provide superior value to the Company's shareholders. In considering this proposal, you should be aware that we are interested only in pursuing the Transaction and we do not intend to sell our stake in the Company to any third party. 6. Confidentiality. We will, as required by law, promptly file a Schedule 13D with the U.S. Securities and Exchange Commission to disclose this Proposal. However, we trust you will agree with us that it is in our mutual interests to ensure that we proceed in a confidential manner, unless otherwise required by law, until we have executed Definitive Agreements. 7. No Binding Commitment. This proposal is not a binding offer, agreement or an agreement to make a binding offer. This letter is our preliminary indication of interest and does not contain all matters upon which agreement must be reached in order to consummate the proposed Transaction, nor does it create any binding rights or obligations in favor of any person. A binding commitment will result only from the execution of Definitive Agreements, and then will be on the terms and conditions provided in such documentation. In closing, we would like to express our commitment to working together to bring this proposed Transaction to a successful and timely conclusion. Should you have any questions regarding this proposal, please do not hesitate to contact us. We look forward to hearing from you. Sincerely yours, /s/ Min Feng Min Feng /s/ Lei Sun Lei Sun /s/ Chao Shen Chao Shen
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2020 Global Terrorism Index: Deaths from terrorism reach five-year low, but new risks emerge
LONDON, Nov. 25, 2020 /PRNewswire/ -- Globally deaths from terrorism fell for the fifth consecutive year in 2019 to 13,826, a 15 per cent decrease from the prior year In North America, Western Europe and Oceania, far-right attacks have increased by 250 per cent since 2014 - they are higher now than at any time in the last 50 years 63 countries recorded at least one death from terrorism, the lowest number since 2013 The global economic impact of terrorism was US$16.4 billion in 2019, a decrease of 25 per cent from the previous year ISIL's centre of gravity moves to sub-Saharan Africa with total deaths by ISIL in the region increasing by 67% ISIL and their affiliates were also responsible for attacks in 27 countries in 2019 The 2020 Global Terrorism Index (GTI) has found that deaths from terrorism fell for the fifth consecutive year since peaking in 2014. The number of deaths has now decreased by 59 per cent since 2014 to 13,826. Conflict remains the primary driver of terrorism, with over 96 per cent of deaths from terrorism in 2019 occurring in countries already in conflict. The annual Global Terrorism Index, now in its eighth year, is developed by leading think tank the Institute of Economics and Peace (IEP) and provides the most comprehensive resource on global terrorism trends. The largest decreases in deaths occurred in Afghanistan and Nigeria, however they are still the only two countries to have experienced more than 1,000 deaths from terrorism. The fall in deaths was also reflected in country scores, with 103 improving compared to 35 that deteriorated. This is the highest number of countries to record a year-on-year improvement since the inception of the index. Despite the overall fall in the global impact of terrorism, it remains a significant and serious threat in many countries. There were 63 countries in 2019 that recorded at least one death from a terrorist attack, and the largest increase in terrorism occurred in Burkina Faso – where deaths rose by 590 per cent. Other countries to deteriorate substantially are Sri Lanka, Mozambique, Mali and Niger. Some of the other key findings: The ten countries with the highest impact from terrorism are: Afghanistan, Iraq, Nigeria, Syria, Somalia, Yemen, Pakistan, India, Democratic Republic of Congo and the Philippines For the second year in a row South Asia is the region most impacted by terrorism, while Central America and the Caribbean region recorded the lowest impact MENA recorded the largest regional improvement in terrorism for the second consecutive year, recording the lowest number of deaths since 2003 Steve Killelea, Executive Chairman of IEP: "As we enter a new decade we are seeing new threats of terrorism emerge. The rise of the far-right in the West and the deteriorations in the Sahel are prime examples. Additionally, as seen in the recent attacks in France and Austria, many smaller groups sympathetic to ISIL philosophies are still active. To break these influences three major initiatives are needed – to break their media coverage and online social networks, disrupt their funding and lessen the number of sympathisers." The GTI uses a number of factors to calculate its score, including the number of incidences, fatalities, injuries and property damage. The Taliban remained the world's deadliest terrorist group in 2019; however, terrorist deaths attributed to the group declined by 18 per cent. ISIL's strength and influence also continued to decline, for the first time since the group became active it was responsible for less than a thousand deaths in any one year. Despite the decrease in activity from ISIL in the Middle East and North Africa, ISIL's affiliate groups remain active across the world, with 27 countries recording an attack by ISIL or its affiliates. Sub-Saharan Africa has been hit the hardest, with seven of the ten countries with the largest increases in terrorism deaths residing in the region. ISIL affiliates are mainly responsible for the increase with 41 per cent of all ISIL related deaths occurring in sub-Saharan Africa. For North America, Western Europe, and Oceania, the threat of far-right political terrorism has been rising over the past five years. In these regions far-right incidents increased by 250 per cent between 2014 and 2019. There were 89 deaths attributed to far-right terrorists in 2019. Over the past decade measures of societal resilience have been falling in many of the economically advanced economies. This trend is likely to continue because of the extended economic downturn caused by COVID-19, which is likely to increase political instability and violence. Since COVID-19 was declared a global pandemic by the World Health Organization (WHO) in March 2020, preliminary data suggests a decline in both incidents and deaths from terrorism in most regions in the world. However, the COVID-19 pandemic is likely to present new and distinct counter-terrorism challenges. It is important that counter-terrorism initiatives are not curtailed because of decreases in government expenditure due to the economic downturn. Reductions in international assistance for counter-terrorism operations in MENA and sub-Saharan Africa could prove to be counter-productive. Thomas Morgan, Senior Research Fellow at IEP, explains the findings: "Between 2011 and 2019, riots and violent demonstrations in the West increased by 277 per cent. There are serious concerns that the deteriorating economic conditions will lead to more people becoming alienated and susceptible to extremist propaganda." The fall in terrorism has also been accompanied by a reduction in the global economic impact of terrorism, decreasing by 25 per cent to US$16.4 billion in 2019. Compared to other forms of violence such as homicide, armed conflict, and military expenditure, terrorism is a small percentage of the total global cost of violence, which was equal to US$14.5 trillion in 2019. However, the true economic impact of terrorism is much higher as these figures do not account for the indirect impact on business, investment, and the costs associated with security agencies in countering terrorism. Notes to Editors The full GTI 2020 report and interactive map are available at: visionofhumanity.org or economicsandpeace.org Follow: @GlobPeaceIndex Like: facebook.com/globalpeaceindex Global Terrorism Index (GTI) The GTI by the Institute for Economics & Peace provides a comprehensive summary of the key global trends and patterns in terrorism over the last 18 years. The report ranks 163 countries (99.7 per cent of the world's population) according to how impacted they are by terrorism. The indicators include the number of terrorist incidents, fatalities, injuries and property damage. Global Terrorism DatabaseThe GTI uses data from the Global Terrorism Database (GTD) datasets on terrorism by the National Consortium for the Study of Terrorism and Responses to Terrorism (START), a Department of Homeland Security Center of Excellence led by the University of Maryland. It provides the most comprehensive resource on global terrorist trends. Institute for Economics & Peace The Institute for Economics & Peace (IEP) is the world's leading think tank dedicated to developing metrics to analyse peace and to quantify its economic value. It does this by developing global and national indices, including the annual Global Peace Index, calculating the economic cost of violence and understanding Positive Peace which is the attitudes, institutions and structures that create and sustain peaceful societies. Logo - https://mma.prnasia.com/media2/792052/IEP_Logo.jpg?p=medium600
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WeChat Mini Program Helps Japanese Merchants Achieve New Cross-border E-commerce Growth in Chinese Market despite the Pandemic
TOKYO, Nov. 20, 2020 /PRNewswire/ -- The rampant global pandemic in 2020 has battered the retail industry in Japan, with those retailers heavily reliant on foreign consumers and tourists most affected. WeChat Applet Helps Japanese Merchants Achieve New Cross-border E-commerce Growth in Chinese Market despite the Pandemic Facing a stagnant tourism market and restricted foot traffic in brick-and-mortar locations, the retail industry is trapped in a financial downturn. Against this background, cross-border e-commerce solutions, mostly dominated by WeChat Mini Programs, have received much attention. By setting up cross-border direct-mail online stores in WeChat and leveraging products in the WeChat ecosystem including Mini programs, Official Accounts, WeChat Groups and livestreaming, more and more Japanese brick-and-mortar retailers have successfully connected with Chinese consumers, bringing much needed relief and recovery to businesses. From this emerging market trend, TSURUHA Drug stands out especially as a key player. Diversion through WeChat Ecology Achieves up to 20% Share Ratio for TSURUHA Applet As the largest cosmeceuticals group in Japan, TSURUHA Drug officially launched its TSURUHA Drug WeChat Mini Program in October 2020. Unlike physical stores which charge a consumption tax on top of products, the Mini Program store exclusively sells products at prices exempt from this tax and offers 1400+SKUs, allowing Chinese consumers to shop for cosmeceuticals online at home. According to public data, WeChat has more than 1.2 billion monthly active users in China and worldwide, and WeChat Pay has more than 800 million monthly active users. Utilizing WeChat Mini Program as part of a merchant's cross-border business strategy provides access to these 1.2 billion WeChat users and prospective customers. On this basis and facilitated by the social sharing function of WeChat, friends and WeChat groups can be directed to share information. In addition, official accounts, recommendation upon payment, and other marketing capabilities can help facilitate continuous user conversions and bring incremental users to merchants' applets. In the TSURUHA Drug WeChat Mini Program, the Mini Program, product pages, coupon activity and other information can be shared promptly via WeChat social chains, enabling compelling word-of-mouth product recommendations and special offers among friends, creating exposure and increased conversion for brand owners. According to the Mini Program's background data, the share ratio of the TSURUHA Drug Applet is as high as 20%, which means that for every five persons, there is one actively involved with the sharing and recommending of the Mini Program, bringing additional traffic and business growth to the brand. As said by Miura Kazuyuki, Managing Director of TSURUHA: "With WeChat, TSURUHA Drug is able to connect with 1.2 billion Chinese consumers and focus on transforming corporate and brand fans into core fans and building private domain traffic pools by leveraging private domain tools such as official accounts, WeChat communities, and Mini Programs, which help TSURUHA achieve business growth while better supplying quality local Japanese products to consumers across China." Compared with the time and space limits imposed by physical stores, the merchants use WeChat Mini Programs to make available their shops 24/7, enabling Chinese consumers to do "cloud shopping" at home at any time. Through the "Mini Program + community + official account", WeChat not only helps TSURUHA Drug form an "integrated online and offline independent brand management position", but also builds a core environment to activate and maintain fans. The official account lies at the entrance to traffic acquisition and maintenance, while the community is the site of traffic growth and maintenance. Finally, the Mini Program enables transaction conversion, thus enabling a total private domain transformation platform to be built. Since its launch, the TSURUHA Drug Mini Program has achieved significant transactions growth, reaching about 50% of their offline WeChat payment sales in the same period of 2019 during its opening period. Moreover, the average number of visits to the TSURUHA Drug Mini Program is up by 80 times per day, with high user viscosity and strong shopping demand. Uniquely different from other e-commerce platforms, WeChat Mini Program can drive user traffic and user data accumulation back to merchants themselves, which is useful for merchants to continue their operations and build their brand data assets. In addition, compared with the original "once-for-all deal" (the idea of consumers returning to China after a once-off offline purchase), it can more effectively improve the re-purchase rate of Chinese consumers and bring continuous growth to merchants. According to the background profile data of the Mini Program, more than 70% of users are female, which makes TSURUHA Drug confident in the increment of Chinese market, "with the help of the WeChat Mini Program, we shift from physical stores in Japan to an online platform facing China, providing Chinese consumers with a new channel to buy Japanese cosmeceutical products. We've had pretty good growth since we started a month ago, and this is just the beginning."
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Mobile Communication App Eyecon is Available in the AppGallery
The unique communication app will now be available in the official Huawei app store.SHENZHEN, China, Nov. 25, 2020 /PRNewswire/ -- Eyecon, a mobile application that enhances communication by automatically adding photos to your phone dialer, contacts, and address book, has launched on AppGallery. Explore Eyecon on AppGallery Benefits of Eyecon Eyecon features a unique callerID and dialer, enabling users to see a picture of their caller, creating a convenient, visually appealing, and friendly way for people to communicate. The app analyzes each user's activity, offering personalized features to make their mobile interactions more efficient. Eyecon's algorithm matches the user and meta-data to provide a complete, hassle-free visual callerID, dialer, and address book, setting them apart from other applications and creating a truly unique experience for its users. Currently used by more than 3 million active callers daily, Eyecon users can now take advantage of a free one-month premium version. Eyecon is continuously innovating new ways to communicate and interact with friends and family. With the inclusion of Toki, users can benefit from "Walkie-Talkie" style calls worldwide. The app has been downloaded over 45 million times. The Eyecon team intends to continue to revolutionize the way people communicate with their contacts and make Eyecon the must-have application on AppGallery. Technology Support from Huawei Eyecon has integrated seven Huawei Mobile Services (HMS) Core kits with its app as a testament to its confidence in Huawei and the partnership. The ML Kit is an automatic speech recognition (ASR) feature enabling users to input a contact search by stating their desired contact name out loud instead of typing. Huawei IAP allows users to purchase Eyecon Premium, offering full spam protection, 40+ themes, more photos, VIP support, and disables ads. Other integrations include the Analytics Kit, Account Kit, Ads Kit, Push Kit, and more. "Our partnership with Huawei has been a match-made-in-heaven from Day 1. The synergies between Huawei and Eyecon are perfect and we look forward to many years of collaboration together," said Yuval Samson, Co-Founder and COO of Eyecon. AppGallery – One of the Top Three App Marketplaces Globally Launched in over 170 countries and regions, AppGallery is committed to meeting their 500 million active users' diverse yet focused needs. The app marketplace actively seeks out partnerships with global and local developers to invite them on board the platform. This approach allows AppGallery to remain an open and innovative app distribution platform accessible to all. AppGallery recognizes the importance and contributions of its developers and is dedicated to their success. AppGallery provides full-spectrum operational support for developers worldwide as well as several developer-centric initiatives, empowering developers to innovate further in app development. For more information, please visit the Huawei Developer website at https://developer.huawei.com/consumer/en/ or the Huawei Developer Forum at https://forums.developer.huawei.com/forumPortal/en/home
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Popular Mobile App PlantSnap Has Been Released in the AppGallery
The plant-recognition application will now be available in the official Huawei app store.SHENZHEN, China, Nov. 25, 2020 /PRNewswire/ -- PlantSnap, a mobile application that allows users to instantly identify plants with just a few clicks, while also connecting them with a global community of plant and nature enthusiasts, has been released in AppGallery. Explore PlantSnap on AppGallery "PlantSnap is thrilled to partner with Huawei and join the AppGallery. People in mainland China are concerned about the environment and are taking great measures to protect it, and PlantSnap will now be able to help their effort," said Eric Ralls, Founder and CEO of PlantSnap, Inc. "We wouldn't have had access to that market without Huawei's help." Delivering PlantSnap Benefits to Users PlantSnap allows users from all over the world to interact with an online social community of nature and plant lovers. Users from around the globe can: Get together any time of the year and post photos to discuss gardening and nature conservation Learn more about protecting the planet See photos taken from all over the world in the map feature, updated every day in the "Explore" section The app has been downloaded over 42 million times and has more than 700 thousand plants in its database. Currently, PlantSnap is available in 37 languages and it is used in roughly 200 countries around the world every day. Through their partnership with the Huawei AppGallery, the PlantSnap team is excited to better serve their growing community of plant and nature enthusiasts around the globe. Technology Support from Huawei "Huawei has provided us with every resource, from phones for testing to budget for partnership marketing and development," said Ralls. "The capabilities and services provided by HMS were easily interchangeable inside our existing infrastructure, which made the whole migration process seamless." Many Huawei kits were integrated into the application, including Account Kit, In-App Purchases Kit, Analytics Kit, Remote Configuration, Auth Service, Push Kit, Location Kit, and more. Huawei also played a crucial role in helping PlantSnap obtain the licensing needed to be published and sold in mainland China, where there are currently over 850 million potential users. AppGallery - One of the Top 3 App Marketplaces Globally Launched in over 170 countries and regions, AppGallery is committed to meeting the diverse yet focused needs of its 500 million active users. The app marketplace actively seeks out partnerships with global and local developers to invite them on board the platform. This allows AppGallery to remain an open and innovative app distribution platform that is accessible to all. AppGallery recognises the importance and contributions of its developers and is fully dedicated to their success. AppGallery provides full-spectrum operational support for developers worldwide as well as several developer-centric initiatives, empowering developers to innovate further in app development. For more information, please visit the Huawei Developer website at https://developer.huawei.com/consumer/en/ or the Huawei Developer Forum at https://forums.developer.huawei.com/forumPortal/en/home
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JOOX delivers K-pop's best and brightest for 5th straight year with 2020 MAMA livestreaming and VOD, for users in Hong Kong, Indonesia, Malaysia,
This most-anticipated global music festival is expected to bring its first-ever online award show experience, opening a new world under the new normal through the power of musicHONG KONG, Nov. 25, 2020 /PRNewswire/ -- Korean culture is undeniably on an unstoppable roll, filling 2020 with explosive highlights, including BTS's "Dynamite" dominating and making history on Billboard; Blackpink winning the hearts of fans and even brands all over the world; and "Parasite" bagging the biggest win on the movie red carpet. With the glorious rise of K-pop culture to global prominence, it is only fitting to end 2020 with a bang by celebrating everything awesome about its ultra-talented pool of artists! This is why, despite a challenging year felt by the global music industry, the Mnet ASIAN MUSIC AWARDS (MAMA) is returning strong this year, presenting a new virtual global music festival that further connects fans and artists! 2020 Mnet ASIAN MUSIC AWARDS (MAMA) JOOX, Asia's most dedicated music platform, is once again delivering the brightest year-end party by broadcasting this year's MAMA for the fifth straight year, proving its commitment to contributing to the K-pop genre's meteoric rise. The full K-pop experience is also elevated by advanced AI technology to the next level, with simultaneous AI-powered subtitle translation on JOOX, making sure that fans won't miss a step and enjoy the content they love without language barriers. Your favorite K-pop stars will be out and shining bright on December 6, 2020 (Sunday) for 2020 MAMA, which will be fully presented online for the first time in its history! BTS, GOT 7, IZ*ONE, MAMAMOO, MONSTA X, NCT, SEVENTEEN, TOMORROW X TOGETHER, TREASURE, TWICE and more are expected to show ground-breaking stages and mega-stage performances! Promising a celebration like no other with the theme "NEW-TOPIA", 2020 MAMA aims to present fans a new world amid the new normal brought about by the current pandemic bolstered by the power of music. Proving the growing anticipation from fans around the world, the number of fan votes already topped last year's total votes. Voting period will continue until December 5 on the MAMA official website! Who will win the coveted prizes and be named 2020's Artist of the Year and Worldwide Fans' Choice award? Which of your favorite hits will bag the Song of the Year award and Album of the Year award? Stay tuned on who this year's big winners are in 2020 MAMA on JOOX, with a star-studded nominees' list that includes BLACKPINK, BTS, EXO, IU, Seventeen, TWICE, Zico and many more! Check out JOOX's extensive K-pop karaoke catalogue including Blackpink's latest hits and sing along with your favorite songs to support your beloved idols too! MAMA 2020 (December 6) Red Carpet Award Ceremony Hong Kong 3 PM local time 5 PM local time Indonesia & Thailand (exclusive) 2 PM local time 4 PM local time Malaysia (exclusive) 3 PM local time 5 PM local time Myanmar (exclusive) 1:30 PM local time 3:30 PM local time Poshu Yeung, Vice President of Tencent IBG, said, "K-Pop is growing stronger than ever as a pop culture phenomenon. Not only is JOOX proud to be delivering MAMA, the most sought-after K-Pop annual event, straight to K-Pop fans' hearts and minds for the 5th consecutive year, we are also glad to be continuously expanding our music library and karaoke catalogue with the hottest K-Pop tracks." Can't get enough of K-pop? Replay your favorite 2020 MAMA performances and award presentations again and again through six months of video-on-demand on the JOOX app! You can sing and dance with the stars whenever you like! Always stay on the beat of the latest and the hottest K-pop tracks! Enjoy your favorite K-Pop music and live performances anytime, anywhere by downloading JOOX on both the Apple App Store and Google Play Store. Download now to start your premium music journey today! Download now to start your premium music journey today! About JOOX JOOX is a music app made for music lovers. With more than 30 million songs in its music library from all over the world, JOOX connects you to your favourite artists, songs, albums and personalized playlists. Users can discover great new music with recommended songs and radio stations that fit your taste and mood. JOOX is now available on iOS, Android and Desktop (Windows/Mac), allowing users to enjoy a free high quality music experience anytime, anywhere. About Mnet ASIAN MUSIC AWARDS Presented by CJ ENM, Mnet ASIAN MUSIC AWARDS(MAMA) is Asia's largest music awards ceremony, acclaimed by fans around the world for its gigantic performances and elaborate stage production, which has introduced Korea's top-notch production abilities to global audiences.Each year MAMA attracts the biggest artists in music from Asia, like BTS, TWICE, MONSTA X, ITZY, and GOT7, as well as the worldwide superstars including Snoop Dogg, Dua Lipa, and the Black Eyed Peas. MAMA's began in 1999, as the Mnet Music Video Daesang, then later became the Mnet KM Music Festival (MKMF), sparking the growth of the Korean music industry. In 2009, MKMF was renamed the Mnet Asian Music Awards. In 2010, the massive award show began touring Asia each year, starting in Macau and followed by 2011 MAMA in Singapore. MAMA has been held in Hong Kong since 2012, highlighting the event's pan-Asian popularity. Starting 2018, MAMA expanded its previously one-day event to span across multiple Asian countries to promote exchanges between different Asian music markets. MAMA is further expanding its presence as a iconic global music festival by taking MAMA online this year to a global audience. Not only has MAMA become a significant year-end music awards ceremony, it has also blossomed into an extravagant international music event packed with groundbreaking performances. About CJ ENM CJ ENM is Asia's leading entertainment and merchandising company headquartered in Seoul, Korea. Its entertainment division engages in a wide array of businesses across the industry spectrum including media content, music, film (CJ Entertainment), performing arts, and animation, providing its top-notch original content to various media platforms. CJ ENM has taken part in globally acclaimed content including the Academy Award-winning film Parasite, the Tony Award-winning musical Kinky Boots, record-breaking box office hits Roaring Currents, Extreme Job, Ode to My Father, along with sought-after television series such as Crash Landing On You, Mr. Sunshine, Guardian: The Lonely and Great God, Grandpas Over Flowers, I Can See Your Voice and more. To offer the best K-culture experiences worldwide, CJ ENM presents KCON and KCON:TACT, the world-renowned fan festivals celebrating Hallyu and Mnet Asian Music Awards (MAMA), Asia's largest music awards. Media Contacts: Charmaine Leeclee5@currentglobal.com Related Links :https://www.joox.com
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JCDecaux Transport launches programmatic trading capabilities for Hong Kong International Airport advertising
HONG KONG, Nov. 25, 2020 /PRNewswire/ -- JCDecaux Transport, the number-one Out-of-Home (OOH) media company in Hong Kong*, has announced the launch of its partnership with VIOOH, an automated planning and trading platform enabling programmatic trading of digital OOH inventory. This will make trading digital OOH easier than ever for Hong Kong International Airport (HKIA) advertising. Hong Kong International Airport advertising DOOH available for Programmatic trading VIOOH's programmatic platform connects HKIA's premium advertising inventory to leading DSPs and key buyers, enabling intelligent trading in near real-time and enhancing campaign efficiency and effectiveness. Programmatic technology is making digital OOH more accountable, flexible, and precise. By using VIOOH's existing connections with some of the world's leading demand side platforms (DSPs) means advertisers can now include digital OOH in their omni-channel campaigns to deliver a more unified brand experience, driving engagement and influencing consumer behavior. Furthermore, the platform promotes transparent trading and measurement which allows digital buyers to plan, target and report when and where advertising messages have been displayed, including to which audiences, delivering a better buyer experience. As an industry leader in digitalization, JCDecaux Transport leverages consumer insight and technology to source new and relevant audience segments to optimize audience reach. Automated Audience Targeting, by which audiences can be qualified and quantified with Airport Audience Measurement (AAM), the first international audience measurement system for the airport industry, offers standardized global metrics to measure airport audiences. AAM is built based upon algorithms calculating the main components of audience measurement, including number of unique passengers, reach and frequency, and total number of viewed impressions. Advertisers can specifically target their audiences and subsequently deliver contextually relevant advertising messages at the right time, right location, and to the right audience. While programmatic OOH allows more precise audience targeting and flexible trading in managing when, where, and how many impressions can be reached, data-driven decisioning, trigger-based buying, and in-flight optimization will enable brands to maximize their campaign budgets and impact. Kitty Lo, General Manager, Retail Experience, Retail and Advertising of Airport Authority Hong Kong, said, "We are excited to be the first major international airport to launch programmatic DOOH for advertising inventories and further enhance HKIA's advertising digital transformation. We believe programmatic buying is the future trend, and introducing this new platform at HKIA will elevate passenger engagement to a whole new level." Shirley Chan, Managing Director of JCDecaux Transport, said, "Hong Kong International Airport advertising is embracing the new era of digitalization, we are excited and keen to utilize the new data-led audience targeting and programmatic capabilities of VIOOH to provide advertisers with innovative and interactive solutions to connect with the right audience, with the right messages, at the right time along the passenger journey at HKIA." About JCDecaux Transport JCDecaux Transport is the main subsidiary of the JCDecaux Group, the number-one outdoor advertising company worldwide. Established in 1976, JCDecaux Transport is the market leader in outdoor advertising in Hong Kong and has been managing the advertising concessions for the Hong Kong International Airport since its opening in 1998. The company also operates the advertising concessions for MTR Corporation, Macau International Airport, Pacific Place Passages, and Ngong Ping 360. About VIOOH VIOOH is a leading global digital out of home marketplace. Launched in 2018 and with headquarters in London, VIOOH's platform connects buyers and sellers in a premium marketplace, making OOH easily accessible. Being a world-leading supply side platform (SSP) working with the most significant demand-side platforms (DSPs) in the fast-growing global programmatic OOH sector, VIOOH has connected to more than 15 demand-side platforms (DSPs) including The Trade Desk, Active Agent, MediaMath, Pladway, Splicky and Verizon Media, enabling advertisers to trade digital OOH programmatically across ten markets: the US, UK, Germany, the Netherlands, Belgium, Austria, Denmark, Finland, Italy and Hong Kong, with the ambition of operating across 12 markets by the end of the year. Led by a team of digital OOH and programmatic tech experts, VIOOH is pioneering the transformation of the OOH sector, championing its role in enhancing omni-channel digital campaigns through the use of programmatic capabilities and data. *annual Media Benchmarking Survey 2020, Marketing Magazine
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Global Telco Cloud Revenue Will Grow to US$29.3 Billion by 2025
ABI Research's latest whitepaper highlights 36 transformative technology stats you need to know for 2021 OYSTER BAY, N.Y., Nov. 25, 2020 /PRNewswire/ -- Global telco cloud revenue will grow to US$29.3 billion by 2025, up from US$8.7 billion in 2020, at a 5-year Compound Annual Growth Rate (CAGR) of 27%. The telco cloud growth will be driven primarily by cloud infrastructure-related investments, such as Virtual Network Functions (VNFs), Management and Network Orchestration (MANO), and Cloud Native Functions (CNFs). By 2025, the telco cloud market will be worth US$10 billion in North America, US$9 billion in Asia-Pacific (APAC), and US$8.2 billion in Europe, forecasts global tech market advisory firm, ABI Research in its new whitepaper, The 36 Transformative Technology Stats You Need to Know for 2021. This introduction of cloudified environments in the telco business landscape also presents some shifts in the value chain. For example, telcos are now being presented a second option of telco cloud deployment—the multi-vendor approach, in which different network equipment vendors are responsible for different components of the telco. "While this approach seems to provide some benefits, such as avoiding single-vendor lock in, it also requires substantial coordination of effort, not only through robust MANO, but also between stakeholders during certain key phases of the telco cloud deployment, such as the design and planning phase," explains Kangrui Ling, 5G Core and Edge Networks Research Analyst at ABI Research. Another 5G Core and Edge Networks trend highlighted in the whitepaper: 5G network slicing stands to create approximately US$8.9 billion by 2026 at a CAGR of 76%. "Arguably that is a drop in the bucket for Communication Service Provider (CSP) service revenue. CSPs continue to possess strong network assets, namely low-latency, last-mile access and core network capabilities," Don Alusha, Senior Analyst at ABI Research points out. But for the broader industry, capturing significant new growth opportunity will vary in line with their corresponding digitization initiatives and readiness to adopt new technologies like 5G core networks and cloud-native principles. Conversely, hyperscalers like Microsoft and Amazon are cognizant of these dynamics and are positioning themselves accordingly with telco-specific solutions like Amazon Web Services (AWS) Wavelength and Microsoft Azure Edge Zones, particularly on edge computing deployments. "Though moderate in the next 5 years, new value creation abounds, but the jury is still out who captures what parts of the bigger emerging 5G edge and network slicing ecosystem," Alusha says. About the whitepaper, Stuart Carlaw, ABI Research's Chief Research Officer says, "We have selected, from among the many millions of data points ABI Research creates each year, to focus on some enlightening data points that matter in the year ahead. Aspects like Tiny Machine Learning (TinyML), private cellular networks, Open Radio Access Network (RAN), blockchain, smart manufacturing platforms, and even connected cows point to how technology advancements are allowing our physical world to be better connected, managed, and efficient. The forecasts presented in this paper may be easy to dismiss but are very important directional indicators of the technology-enabled world of the future." Download The 36 Transformative Technology Stats You Need to Know for 2021 to learn more. You are welcome to share this link with your readers. About ABI Research ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com. Contact Info: Global Deborah Petrara Tel: +1.516.624.2558 pr@abiresearch.com Logo - https://mma.prnasia.com/media2/276887/abi_research_logo.jpg?p=medium600 Related Links :http://www.abiresearch.comhttp://www.abiresearch.com
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Mackie Teams Up with Dynamic Music for Distribution in Australia
Strengthening its global network, Mackie announces a new distributor in Australia. BOTHELL, Wash., Nov. 25, 2020 /PRNewswire/ -- Today Mackie announces a partnership with Dynamic Music to support the availability of its products in Australia, placing additional focus and energy in revitalizing the iconic brand. "Dynamic Music is delighted to partner with LOUD Audio to distribute Mackie [products] in Australia. Mackie's growth since its launch in 1988 has been extraordinary and the brand is now an icon in the music industry," said Greg McNamara, General Manager of Dynamic Music. "Millions of users worldwide own and rely on Mackie products to deliver their audio solutions. Mackie's history and ongoing culture of quality and innovation make it a perfect fit for Dynamic Music's catalogue of leading brands." Dynamic Music was established in 1966 and is a leading importer and distributor of top-quality audio equipment and musical instruments in Australia. "We are proud and excited to bring the quality and power of Mackie to Australia," said Ralph Quintero, Vice President of Sales and Marketing. "Dynamic Music provides music enthusiasts with the best audio products from around the world and we are thrilled to be included in that category. We are very impressed with Dynamic Music's understanding of the Australian market. Between our team's synergies, and the strategy in place, we are very excited about our future in Australia." Dynamic Music can be found online at dynamicmusic.com.au and contacted directly for more information on Mackie products available in Australia: +61 2 9939 1299 info@dynamicmusic.com.au About MackieMackie is a live sound and recording gear brand offering affordable products, for everyone from beginners to professionals, that don't sacrifice reliability or performance; founded on the idea that good pro audio gear wasn't just for the deep pockets, huge production companies, and fancy studios. With over 30 years in the industry, Mackie is still making gear that sticks to the original vision; to make pro-quality gear for real people, real artists, and real engineers that don't buy gear because it is expensive, but because it's good. Mackie is a subsidiary of LOUD Audio, LLC. For more information on Mackie, visit www.mackie.com. For more information on LOUD Audio, LLC, visit www.loudaudio.com. ContactSamantha Linssamanthal@lotus823.com Photo - https://mma.prnasia.com/media2/1341789/mackie_dynamic_pr.jpg?p=medium600 Related Links :http://www.mackie.com
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iClick Interactive Asia Group Limited Reports 2020 Third-Quarter Unaudited Financial Results
- Reaches Another Record Quarter in Key Financials -- Enterprise Solutions Business Extends Record-breaking Growth for Four Consecutive Quarters - HONG KONG, Nov. 24, 2020 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, today announced unaudited financial results for the third quarter ended September 30, 2020. Three Months Ended September 30, 2020 2019 Percentage change (US$ in thousands) (Unaudited) Financial Metrics: Revenue Marketing solutions 60,124 51,555 17% Enterprise solutions 8,781 2,613 236% Total revenue 68,905 54,168 27% Gross profit 20,121 13,557 48% Net (loss)/income (7,097) 863 N/M Adjusted EBITDA[1] 4,701 1,446 225% Adjusted net income/(loss)[1] 2,424 (517) N/M Diluted adjusted net income/(loss) per ADS[1] 0.03 (0.01) N/M Operating Metrics: Gross billing 167,084 180,182 (7)% [1] For more details on these non-GAAP financial measures, please see the tables captioned "Unaudited Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this press release." "We have delivered record revenue and gross profit in the third quarter of 2020, as China continues to recover from the coronavirus pandemic," said Jian "T.J." Tang, iClick's Chief Executive Officer and Co-Founder. "Revenue for the third quarter was US$68.9 million, an increase of 27% from the same period of last year, while our gross profit rose to US$20.1 million, up 48% on a year-over-year basis. We recorded a net loss of US$7.1 million, primarily due to the fair value losses of convertible notes and derivative liabilities, as our stock price performance remained strong during the third quarter of 2020. However, our adjusted EBITDA increased by 225% year-over-year to US$4.7 million. In addition, we had adjusted net income of US$2.4 million in the third quarter of 2020. This marks the fourth consecutive quarter of adjusted net income. These solid results of operations are strong evidence of our brand customers' recognition of the value added by our data-driven solutions. "These strong financial results were driven by continued growth in both our Marketing Solutions and Enterprise Solutions segments. The Marketing Solution segment, our core business, reached record revenue with a 17% year-over-year increase to US$60.1 million. Just as encouraging, the higher-margin Enterprise Solutions segment also set a revenue record with a 236% increase year-over-year to US$8.8 million in the third quarter of 2020. This was the fourth consecutive quarter of sequential growth in the Enterprise Solutions segment, and we reiterate our optimism regarding the future growth potential of this business, driven by a robust outlook for 'smart retail'." "Following the equity financing in September, our cash position has become stronger, and we are well-capitalized not only to execute our business plan even better but also to seek M&A opportunities more actively as part of our growth strategy," T.J. continued. "Lastly, the coronavirus epidemic has brought rapid changes to online consumer behaviour in China and we will continue to monitor the pandemic's impact on our operations and keep our investors informed." Third Quarter 2020 Results: Revenue for the third quarter of 2020 grew to US$68.9 million, up approximately 27% from US$54.2 million for the same period of the prior year, attributable to the increase in contributions from existing Marketing Solutions and Enterprise Solutions. Revenue from Marketing Solutions grew to US$60.1 million for the third quarter of 2020, up approximately 17% from US$51.6 million for the third quarter of 2019, primarily as a result of growing market demand from specified action marketing campaigns. Revenue from Enterprise Solutions was US$8.8 million for the third quarter of 2020, up approximately 236% from US$2.6 million for the third quarter of 2019, primarily due to the increasing need for online and offline consumers' behavioral data integration. Gross profit for the third quarter of 2020 was US$20.1 million, representing an approximately 48% increase compared with US$13.6 million for the third quarter of 2019, mainly due to continual expansion of the Company's Marketing Solutions and contribution from higher-margin Enterprise Solutions. Total operating expenses were US$20.0 million for the third quarter of 2020, compared with US$15.8 million for the third quarter of 2019. Higher expenses are attributed to the increase in share-based compensation expense of US$1.2 million and an additional expected credit loss provision of US$2.6 million in view of the uncertainties associated with COVID-19. Operating income was US$0.1 million for the third quarter of 2020, compared with an operating loss of US$2.3 million for the third quarter of 2019. This improvement was a result of the strong growth in gross profit, which was partially offset by the increase in operating expenses. Net loss totalled US$7.1 million for the third quarter of 2020, compared with net income of US$0.9 million for the third quarter of 2019. This was mainly because of (i) the fair value losses of convertible notes of US$1.4 million in the third quarter of 2020, compared to the US$2.9 million fair value gain of convertible notes in the third quarter of 2019, and (ii) the fair value losses of derivative liabilities of US$6.3 million in the third quarter of 2020. Net loss attributable to the Company's shareholders per basic and diluted ADS for the third quarter of 2020 were US$0.08, compared with a net income attributable to the Company's shareholders per basic ADS of US$0.02, and a net loss attributable to the Company's shareholders per diluted ADS of US$0.02 for the third quarter of 2019. Adjusted EBITDA for the third quarter of 2020 rose to US$4.7 million, compared with US$1.4 million for the third quarter of 2019, mainly due to the strong growth in gross profit of US$6.6 million, which was partially offset by a US$4.2 million increase in operating expenses. For a reconciliation of the Company's adjusted EBITDA from net (loss)/income, its most comparable GAAP measure, please refer to "Unaudited Reconciliations of GAAP and Non-GAAP Results." Adjusted net income for the third quarter of 2020 was US$2.4 million, compared with an adjusted net loss of US$0.5 million in the third quarter of 2019. For a reconciliation of the Company's adjusted net income/(loss) from net (loss)/income, its most comparable GAAP measure, please refer to "Unaudited Reconciliations of GAAP and Non-GAAP Results." Gross billing[2] was US$167.1 million for the third quarter of 2020, representing a 7% decrease compared with US$180.2 million for the third quarter of 2019. This decline was primarily due to the Company's efforts to optimize its client base to achieve better credit control and to retain and attract customers with a strong financial position amid macroeconomic uncertainties. As of September 30, 2020, the Company had cash and cash equivalents, time deposits and restricted cash of US$128.0 million, compared with US$61.1 million as of December 31, 2019. Share Repurchase Program On January 15, 2020, the Company announced a share repurchase program in which it may purchase its own ADSs with an aggregate value of up to US$10.0 million over the 12-month period ending on December 29, 2020. As of September 30, 2020, the aggregate value of purchased shares was approximately US$0.7 million. [2] Gross billing is defined as the aggregate dollar amount that clients pay the Company after deducting rebates paid and discounts given to. Outlook Based on the information available as of the date of this press release, iClick provides the following outlook for the fourth quarter of 2020 and updated guidance for the full year given actual results from the first three quarters of fiscal 2020: Fourth Quarter 2020: Revenue is estimated to be between US$73 million and US$76 million. Revenue from Enterprise Solutions is estimated to be between US$8.5 million and US$10.5 million. Gross profit is estimated to be between US$20.5 million and US$23.5 million. Full Year 2020: Revenue is estimated to be between US$240 million and US$260 million. Gross profit is estimated to be between US$70 million and US$75 million. Adjusted EBITDA is estimated to be between US$14 million and US$17 million. The above outlook is based on current market conditions and reflects the Company's preliminary estimates of market and operating conditions, expected foreign exchange fluctuation, and customer demand, which are all subject to change. Please also refer to the factors set out under the section titled "Safe Harbor Statement." We noted that the advertising budgets recovered across-the-board during the third quarter, as a result of the relaxation of restrictions on economic and social life due to a slowdown of COVID-19 cases in China. Based on the current commercial environment, we anticipate that brands may allocate more of their advertising budgets to mobile and online targeted marketing, with the potential to benefit our mobile and performance-focused Marketing Solutions business. Brands may also see the importance of online and offline consumer behavioural data integration and analysis, which may favour our Enterprise Solutions business in the long run. With iClick's diversified customer base of stable, top-tier brands, and the Chinese government's efforts to contain the spread of the coronavirus, we remain cautiously optimistic for the rest of the year and 2021. However, outbreaks of COVID-19 around the world may continue to impact market conditions and potentially trigger a longer period of global economic slowdown. This could affect the overall sentiment and advertising budgets of our branding customers, which in turn may impact our Marketing Solution business in the short term. The rapid development and fluidity of the current situation precludes any prediction as to the ultimate adverse impact of COVID-19. Management will continue to closely monitor the outbreak's impact on our operations and financial results this year and will particularly focus on business retention and accounts receivable recoverability. Conference Call The Company will host an earnings conference call at 8:00 AM U.S. Eastern Time on November 24, 2020 (9:00 PM Beijing/Hong Kong time on November 24, 2020). A live and archived webcast of the conference call will be available on iClick's investor relations website at http://ir.i-click.com. Dial-in details for the conference call are as follows: United States: +1-888-346-8982 International: +1-412-902-4272 Hong Kong: +852-800-905945 Mainland China: +86-4001-201203 Participants please ask to join the iClick Interactive Asia Group Limited conference call. A replay of the conference call will be accessible by phone one hour after the conclusion of the live call at the following numbers, until December 1, 2020: United States: +1-877-344-7529 International: +1-412-317-0088 Canada: +1-855-669-9658 Replay Access Code: 10149740 About iClick Interactive Asia Group Limited iClick Interactive Asia Group Limited (NASDAQ: ICLK) is an independent online marketing and enterprise data solutions provider that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, our proprietary platform possesses omni-channel marketing capabilities and fulfils various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and is currently operating in ten locations worldwide including Asia and Europe. For more information, please visit ir.i-click.com. Non-GAAP Financial Measures The Company uses adjusted EBITDA, adjusted net income/(loss), and diluted adjusted net income/(loss) per ADS, each a non-GAAP financial measure, in evaluating the Company's operating results and for financial and operational decision-making purposes. The Company believes that adjusted EBITDA, adjusted net income/(loss), and diluted adjusted net income/(loss) per ADS help identify underlying trends in the Company's business that could otherwise be obscured by the effect of the expenses and gains that the Company includes in net loss. The Company believes that adjusted EBITDA and adjusted net income/(loss) provide useful information about the Company's operating results, enhance the overall understanding of the Company's performance and allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision-making. Adjusted EBITDA, adjusted net income/(loss), and diluted adjusted net income/(loss) per ADS should not be considered in isolation or construed as an alternative to net loss or any other measure of performance or as an indicator of the Company's operating performance. Investors are encouraged to review the historical non-GAAP financial measures to the most directly comparable GAAP measures. Adjusted EBITDA, adjusted net income/(loss), and diluted adjusted net income/(loss) per ADS presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company's data. The Company encourages investors and others to review the Company's financial information in its entirety and not rely on a single financial measure. For more information on these non-GAAP financial measures, please see the table captioned "Unaudited Reconciliations of GAAP and Non-GAAP results" set forth at the end of this press release. These non-GAAP financial measures were presented with the most directly comparable GAAP financial measures together for facilitating a more comprehensive understanding of operating performance between periods. Safe Harbor Statement This announcement contains forward-looking statements, including those related to the Company's business strategies, operations and financial performance. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's fluctuations in growth; its success in implementing its mobile and new retail strategies, including extending its solutions beyond its core online marketing business; its success in structuring a CRM & Marketing Cloud platform; relative percentage of its gross billing recognized as revenue under the gross and net models; its ability to retain existing clients or attract new ones; its ability to retain content distribution channels and negotiate favourable contractual terms; market competition, including from independent online marketing technology platforms as well as large and well-established internet companies; market acceptance of online marketing technology solutions and enterprise solutions; effectiveness of its algorithms and data engines; its ability to collect and use data from various sources; ability to integrate and realize synergies from acquisitions, investments or strategic partnership; the duration of the COVID-19 outbreak and its potential impact on the Company's business and financial performance; fluctuations in foreign exchange rates; general economic conditions in China and other jurisdictions where the Company operates; and the regulatory landscape in China and other jurisdictions where the Company operates. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: In China: In the United States: iClick Interactive Asia Group Limited Core IR Lisa Li Tom Caden Phone: +86-21-3230-3931 #892 Tel: +1-516-222-2560 E-mail: ir@i-click.com E-mail: tomc@coreir.com (financial tables follow) ICLICK INTERACTIVE ASIA GROUP LIMITED Unaudited Condensed Consolidated Statements of Comprehensive Loss (US$'000, except share data and per share data, or otherwise noted, unaudited) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Revenue 68,905 54,168 176,053 142,733 Cost of revenue (48,784) (40,611) (126,054) (103,190) Gross profit 20,121 13,557 49,999 39,543 Operating expenses Research and development expenses (1,174) (1,423) (3,474) (4,272) Sales and marketing expenses (9,035) (10,569) (26,151) (31,437) General and administrative expenses (9,819) (3,856) (20,946) (10,694) Total operating expenses (20,028) (15,848) (50,571) (46,403) Operating income/(loss) 93 (2,291) (572) (6,860) Interest expense (772) (476) (1,787) (1,013) Interest income 742 110 1,104 324 Other gains, net 1,652 759 3,040 1,971 Fair value losses on derivative liabilities (6,343) — (11,466) — Fair value (losses)/gain on convertible notes (1,426) 2,938 (4,433) 946 (Loss)/income before income tax expense (6,054) 1,040 (14,114) (4,632) Share of losses from an equity investee (16) (217) (85) (231) Income tax (expense)/benefit (1,027) 40 (1,347) 13 Net (loss)/income (7,097) 863 (15,546) (4,850) Net loss attributable to noncontrolling interests 545 550 1,642 987 Net (loss)/income attributable to iClick Interactive Asia Group Limited's ordinary shareholders (6,552) 1,413 (13,904) (3,863) Net (loss)/income (7,097) 863 (15,546) (4,850) Other comprehensive income/(loss): Foreign currency translation adjustment, net ofUS$nil tax 3,671 (1,591) 4,283 (1,502) Comprehensive loss (3,426) (728) (11,263) (6,352) Comprehensive loss attributable to noncontrolling interests 466 550 1,581 987 Comprehensive loss attributable to iClick Interactive Asia Group Limited (2,960) (178) (9,682) (5,365) Net (loss)/income per ADS attributable to iClick Interactive Asia Group Limited — Basic (0.08) 0.02 (0.19) (0.07) — Diluted
Pocket Memory, the Corporation Specializing in Creating VR Content, Introduces the Virtual Fashion Lifestyle Mobile app "P.Cle"
- The virtual fashion platform suitable for the environmentally conscious, contactless generation- Meaning of clothing and fashion expanded through virtual clothing- Let's dress up, customize looks, and share!SEOUL, South Korea, Nov. 24, 2020 /PRNewswire/ -- Pocket Memory, the Korean corporation specializing in the creation of VR content, released its new mobile app "P.Cle" on November , 2020 via app stores in North America. "P.Cle" is a mobile app designed to change the way people perceive fashion and clothing, as users can freely change or stylize their outfits. This helps minimize time and money spent on daily fashion and resolves issues of environmental pollution caused by fast fashion. With "contactless" consumption, brought about by the Corona pandemic, becoming a new worldwide trend, this new platform is expected to instill fresh energy into the sluggish fashion market while proposing a new lifestyle to consumers. Last month, Boston Consulting Group announced that sales of fashion distribution companies had decreased by 35 percent year-on-year and forecasted that the number of luxury stores would drop by a whopping 45 percent. Nonetheless, the fashion market showed growth online, where contactless activities continued. Prada saw a twofold increase in sales and Bottega Veneta recorded a fourfold increase on the Internet. Pocket Memory, the Corporation Specializing in Creating VR Content As the fashion and beauty lifestyle sectors are forecasted to bounce back aided by the latest cutting-edge, IT industries, such as IoT, AI, and VR, technologies incorporating style and beauty are also expected to increase. The new fashion lifestyle app "P.Cle", proposed by Pocket Memory, is expected to distinguish itself from existing styling services. Built with highly advanced technologies, the mobile app can recognize the user's poses in photographs and automatically change outfits via simple touches. The virtual lifestyle app "P.Cle" will add the merits of VR to the user's reality, offering looks with fully personalized, fail-proof clothing regardless of the user's body shape or color. Such services can help resolve over 1.9 million cases involving refunds or returns due to unwanted variations of material, color, or fit during online shopping. This virtual experience can also help reduce waste in the fashion industry, contributing to the improvement of the environment. Through providing the realistic feel of fashion and expressing users' individuality, this mobile app is expected to prove its worth over time. "Since clothing, one of man's three essential elements, has been realistically applied to the virtual field, consumers can express themselves without spending so much time and money. The service offers a new meaning and an alternative in the current contactless era," says the president of Pocket Memory. The app is available for download from Google Play Store and other app stores.
JOOX delivers K-pop's best and brightest for 5th straight year with 2020 MAMA (Mnet ASIAN MUSIC AWARDS) livestreaming and VOD, EXCLUSIVELY for us
This most-anticipated global music festival is expected to bring its first-ever online award show experience, opening a new world under the new normal through the power of musicKUALA LUMPUR, Malaysia, Nov. 24, 2020 /PRNewswire/ -- Korean culture is undeniably on an unstoppable roll, filling 2020 with explosive highlights, including BTS's "Dynamite" dominating and making history on Billboard; Blackpink winning the hearts of fans and even brands all over the world; and "Parasite" bagging the biggest win on the movie red carpet. With the glorious rise of K-pop culture to global prominence, it is only fitting to end 2020 with a bang by celebrating everything awesome about its ultra-talented pool of artists! This is why, despite a challenging year felt by the global music industry, the Mnet ASIAN MUSIC AWARDS (MAMA) is returning strong this year, presenting a new virtual global music festival that further connects fans and artists! 2020 Mnet ASIAN MUSIC AWARDS (MAMA) JOOX, Asia's most dedicated music platform, is once again delivering the brightest year-end party by broadcasting this year's MAMA for the fifth straight year, proving its commitment to contributing to the K-pop genre's meteoric rise. The full K-pop experience is also elevated by advanced AI technology to the next level, with simultaneous AI-powered subtitle translation on JOOX, making sure that fans won't miss a step and enjoy the content they love without language barriers. Your favorite K-pop stars will be out and shining bright on December 6, 2020 (Sunday) for 2020 MAMA, which will be fully presented online for the first time in its history! BTS, GOT7, IZ*ONE, MAMAMOO, MONSTA X, NCT, SEVENTEEN, TOMORROW X TOGETHER, TREASURE, TWICE and more are expected to show ground-breaking stages and mega-stage performances! Promising a celebration like no other with the theme "NEW-TOPIA", 2020 MAMA aims to present fans a new world amid the new normal brought about by the current pandemic bolstered by the power of music. Proving the growing anticipation from fans around the world, the number of fan votes already topped last year's total votes. Voting period will continue until December 5 on the MAMA official website! Who will win the coveted prizes and be named 2020's Artist of the Year and Worldwide Fans' Choice award? Which of your favorite hits will bag the Song of the Year award and Album of the Year award? Stay tuned on who this year's big winners are in 2020 MAMA on JOOX, with a star-studded nominees' list that includes BLACKPINK, BTS, EXO, IU, Seventeen, TWICE, Zico and many more! Check out JOOX's extensive K-pop karaoke catalogue including Blackpink's latest hits and sing along with your favorite songs to support your beloved idols too! MAMA 2020 (December 6, Sunday) Red Carpet Award Ceremony Malaysia (exclusive) 3 PM local time 5 PM local time Angie Tan, Head of JOOX Malaysia, said, "K-Pop is growing stronger than ever as a pop culture phenomenon. Not only is JOOX proud to be delivering MAMA, the most sought-after K-Pop annual event, straight to K-Pop fans' hearts and minds for the 5th consecutive year, we are also glad to be continuously expanding our music library and karaoke catalogue with the hottest K-Pop tracks." Can't get enough of K-pop? Replay your favorite 2020 MAMA performances and award presentations again and again through six months of video-on-demand on the JOOX app! You can sing and dance with the stars whenever you like! Always stay on the beat of the latest and the hottest K-pop tracks! Enjoy your favorite K-Pop music and live performances anytime, anywhere by downloading JOOX on both the Apple App Store and Google Play Store. Download now to start your premium music journey today! Related Links :https://www.joox.com
Sixty-one Prominent Business Leaders and Organisations Lauded at The Asia Pacific Enterprise Awards 2020 Regional Edition
SINGAPORE, Nov. 24, 2020 /PRNewswire/ -- Enterprise Asia is pleased to present an impressive list of sixty-one outstanding award recipients at the Asia Pacific Enterprise Awards (APEA) 2020 Regional Edition. These leading figures have set and proven themselves consistent and exceptional entrepreneurial spirit in going above and beyond expectations during this unprecedented year. Sixty-one Prominent Business Leaders and Organisations Lauded at The Asia Pacific Enterprise Awards 2020 Regional Edition Established in 2007, APEA recognises outstanding entrepreneurs and organisation representing the best the industry has to offer. An initiative by Enterprise Asia, the region's leading NGO, APEA is the largest regional recognition programme, with over 3,000 nominations received each year, and less than one-tenth of that receiving the awards in all 14 markets. This year, Enterprise Asia has rebranded its flagship programme – APEA, from Asia Pacific Entrepreneurship Awards to Asia Pacific Enterprise Awards with two additional enterprise awarding categories - Inspirational Brand Award and Fast Enterprise Award in bid to further recognise championing enterprises in strong reputation and thriving growth. This brings APEA to a total of four awarding categories – Master Entrepreneur, Corporate Excellence, Inspirational Brand, and Fast Enterprise. Due to the impact of the pandemic, APEA 2020 Regional Edition was commenced virtually on 20 November 2020 with the theme of 'Accelerating Growth Beyond Borders'. The theme objective is to unlock boundaries and shifting businesses to move beyond adaption and lead with impact. The APEA has gathered distinguished business leaders and organisations across 14 countries and markets into one unparalleled platform in fostering the continuity of sustainable entrepreneur growth in Asia. With Corporate Excellence Award category winning recipients leading with 40% out of the four award categories have further shown that enterprises has demonstrated effective organisational capability to deliver consistent business results during this unprecedented year. Even in difficult times, these organisations have remained committed and aligned to their employees, stakeholders as well as their organisational purpose and values. "During such turbulent times, it can be tempting to forgo social responsibility for a business model that focuses solely on the bottom line," said Richard Tsang, President at Enterprise Asia. "What we have to realise is that today, having a purpose and building a sustainable, profitable business go hand in hand." Richard added, "In this situation of crisis, people – consumers, investors, everyone, are looking for inspiration and leadership now more than ever. Without standing for something, you can't inspire or lead. It is purpose-driven companies that are proving more resilient and also leading the way forward." Among the notable winners of the APEA 2020 Regional Edition include Dennis Anthony Uy, CEO of Converge ICT Solutions Inc. from the Philippines, Hoe Kian Choon, CEO of CUCKOO International (MAL) Sdn Bhd from Malaysia; Chanin Vanijwongse, CEO of Habitat Group Co., Ltd. from Thailand and David Chiem, Founder, CEO & Executive Chairman of MindChamps PreSchool Limited from Singapore under the Master Entrepreneur Category; Further esteemed winning organisations are NU SKIN Enterprises Hong Kong, LLC from Hong Kong, Piaggio Vehicles Pvt Ltd from India, Rizal Commercial Banking Corporation (RCBC) and UHS Essential Health Philippines, Inc from the Philippines under the Inspirational Brand Category; Lead8 Hong Kong Limited from Hong Kong, Prince Bank PLC from Cambodia and White Cloak Technologies, Inc from the Philippines under the Fast Enterprise Category; Aditya Birla Capital Limited from India, Aerospace Industrial Development Corporation from Taiwan, AIA Company Limited from Thailand, Arvato Systems Malaysia Sdn Bhd from Malaysia, BDO Unibank, Inc from the Philippines and Engro Fertilizers Limited from Pakistan under the Corporate Excellence Category. APEA 2020 Regional Edition is supported by All India Association of Industries, India Thai Chamber of Commerce, Malaysian Chamber of Commerce (Hong Kong & Macau) Limited, Singapore-Thai Chamber of Commerce, The Chamber of Hong Kong Listed Companies. PR Newswire as the Official News Release Distribution Partner, Avanguardia Group Sdn Bhd as the Official Production Partner, BusinessWorld, Commercial Times, Esquire Philippines, Hong Kong Economic Times, Kumparan, Indonesia, SME Magazine, The Asian Entrepreneur, and The Nation as media partners. RECIPIENT LIST OF ASIA PACIFIC ENTERPRISE AWARDS 2020 REGIONAL EDITION MASTER ENTREPRENEUR CATEGORY NAME DESIGNATION, ORGANISATION AND INDUSTRY COUNTRY AND REGION Dato' Sri Liew Kok Leong Group Executive Director ARB Berhad Telecommunications & ICT Industry Malaysia Andres Pira Founder & Chief Executive Officer Blue Horizon Developments Co., Ltd. Property Development Industry Thailand Dennis Anthony Uy Chief Executive Officer Converge ICT Solutions Inc. Telecommunications & ICT Industry The Philippines Hoe Kian Choon Founder & Chief Executive Officer Cuckoo International (MAL) Sdn Bhd Consumer Goods Industry Malaysia Dr Victor Wong Hon Keung Chief Executive Officer Ego Finance Limited Financial Services Industry Hong Kong Sopacha Dhumrongpiyawut Chief Executive Officer Gunkul Engineering Public Company Limited (GUNKUL) Mining & Energy Industry Thailand Chanin Vanijwongse Chief Executive Officer Habitat Group Co., Ltd. Property Development Industry Thailand Antonio Chan Vice Chairman King Wai Group (Thailand) Public Company Limited Property Development Industry Thailand Christine Hau Co-Founder & Executive Director Lead8 Professional Business & Services Industry Hong Kong David Chiem Founder, Chief Executive Officer & Executive Chairman MindChamps PreSchool Limited Education & Training Industry Singapore Danny Luk General Manager of NU SKIN Hong Kong and Macau NU SKIN Enterprises Hong Kong, LLC Direct Selling Industry Hong Kong Steven Pun Chief Executive Officer Protech Electronics & Technology Limited Electrical & Electronic Industry Hong Kong Manish Mehan Chief Executive Officer & Managing Director thyssenkrupp Elevator (India) Pvt. Ltd. Engineering Industry India Choi Man Shing Chairman Vincent Medical Holdings Limited Healthcare, Pharmaceuticals & Biotechnology Industry Hong Kong Donn Gamboa Co-Founder & Chief Executive Officer White Cloak Technologies, Inc. Telecommunications & ICT Industry The Philippines Dato' Dr Ir Sr Tony Cheng Vice President Zhong Ao Home Group Limited Property Development Industry Hong Kong FAST ENTERPRISE CATEGORY COMPANY INDUSTRY COUNTRY AND REGION B+W Builders Private Limited Construction Industry Singapore Biocare Manufacturing Sdn Bhd Healthcare, Pharmaceutical & Biotechnology Industry Malaysia Chong Lek Engineering Works Sdn Bhd Construction Industry Malaysia Clement Shield (Security Specialist & Event Organiser) Limited Professional Business & Services Industry Hong Kong Global Stones Pvt Ltd Manufacturing Industry India ILLEGEAR Sdn Bhd Electrical & Electronic Industry Malaysia Lead8 Professional Business & Services Industry Hong Kong MODE Aesthetics Personal Services Industry Singapore Nilecon (Thailand) Co., Ltd. Professional Business & Services Industry Thailand Prince Bank PLC Financial Services Industry Cambodia SOCOE Sdn Bhd Telecommunications & ICT Industry Malaysia T ONE Capital Pte Ltd Professional & Business Services Industry Singapore Topserve Service Solutions, Inc. Professional Business & Services Industry The Philippines Wellaholic Pte Ltd Personal Services Industry Singapore White Cloak Technologies, Inc. Telecommunications & ICT Industry The Philippines INSPIRATIONAL BRAND CATEGORY COMPANY INDUSTRY COUNTRY AND REGION 24/7 Customer Philippines Inc. Professional & Business Services Industry The Philippines ACM Landholdings, Inc. Property Development Industry The Philippines Blue Horizon Developments Co., Ltd. Property Development Industry Thailand CUCKOO International (MAL) Sdn Bhd Consumer Goods Industry Malaysia DEPO Auto Parts Ind. Co., Ltd. Manufacturing Industry Taiwan Genius Toy Taiwan Co., Ltd. Manufacturing Industry Taiwan Habitat Group Co., Ltd. Property Development Industry Thailand ILLEGEAR Sdn Bhd Electrical & Electronic Industry Malaysia Insular Health Care, Inc. Healthcare, Pharmaceuticals & Biotechnology Industry The Philippines MindChamps PreSchool Limited Education & Training Industry Singapore Multisys Technologies Corporation Telecommunications & ICT Industry The Philippines NU SKIN Enterprises Hong Kong, LLC Direct Selling Industry Hong Kong Piaggio Vehicles Private Limited Automotive Industry India Rizal Commercial Banking Corporation (RCBC) Financial Services Industry The Philippines UHS Essential Health Philippines, Inc. Direct Selling Industry The Philippines CORPORATE EXCELLENCE CATEGORY COMPANY INDUSTRY COUNTRY AND REGION ACM Landholdings, Inc. Property Development Industry The Philippines Aditya Birla Capital Limited Financial Services Industry India Aerospace Industrial Development Corporation Professional Business & Services Industry Taiwan AIA Company Limited Financial Services Industry Thailand Animoca Brands Corporation Limited Telecommunications & ICT Industry Hong Kong ARB Berhad Telecommunications & ICT Industry Malaysia Arvato Systems Malaysia Sdn Bhd Professional Business & Services Industry Malaysia Aspire Systems Pvt Ltd Telecommunications & ICT Industry India BDO Unibank, Inc. Financial Services Industry The Philippines Blue Horizon Developments Co., Ltd. Property Development Industry Thailand Clement Shield (Security Specialist & Event Organiser) Limited Professional Business & Services Industry Hong Kong EB Frozen Food Sdn Bhd Food & Beverages Industry Malaysia Electronics & Engineering Pte Ltd Electrical & Electronic Industry Singapore Engro Fertilizers Limited Manufacturing Industry Pakistan Everbest Soya Bean Products Sdn Bhd Food & Beverages Industry Malaysia Everise Holdings Pte Ltd Professional Business & Services Industry Singapore FrameMotion Studio Sdn Bhd Media & Entertainment Industry Malaysia Geo Energy Resources Limited Mining & Energy Industry Singapore Gunkul Engineering Public Company Limited (GUNKUL) Mining & Energy Industry Thailand Habitat Group Co., Ltd. Property Development Industry Thailand Indosat Ooredoo Telecommunications & ICT Industry Indonesia Inspiro Professional Business & Services Industry The Philippines Medialink Group Limited Media & Entertainment Industry Hong Kong Nu Infinity Sdn Bhd Professional Business & Services Industry Malaysia PT Palma Serasih Tbk Agriculture Industry Indonesia PT Wijaya Karya (Persero) Tbk. Construction Industry Indonesia Shrinkflex (Thailand) Public Company Limited Manufacturing Industry Thailand Titansoft Pte Ltd Telecommunications & ICT Industry Singapore Tricor Services Limited Professional Business & Services Industry Hong Kong Vincent Medical Holdings Limited Healthcare, Pharmaceuticals & Biotechnology Industry Hong Kong About Enterprise Asia Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generation. For further information, visit www.enterpriseasia.org. About Asia Pacific Enterprise Awards Launched in 2007, the Asia Pacific Enterprise Awards is the region's most prestigious awards for outstanding entrepreneurship, continuous innovation and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices and growth in entrepreneurship. As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation only networking powerhouse. The program has grown to encompass 14 countries and markets all over Asia. For further information, visit www.apea.asia Related Links :http://www.enterpriseasia.org
Accelerating Growth Beyond Borders with Asia Entrepreneurship Forum 2020
SINGAPORE, Nov. 24, 2020 /PRNewswire/ -- Enterprise Asia, Asia's leading non-governmental organisation for entrepreneurship hosted its first virtual Asia Entrepreneurship Forum (AEF) 2020 on 20 November 2020 which has permitted global reach, flexibility, and interactivity among delegates. Accelerating Growth Beyond Borders with Asia Entrepreneurship Forum 2020 The Forum themed "Accelerating Growth Beyond Borders", heads on to accelerate real growth in a post-Covid-19 world through three key elements – Resilience, Reinvention, and Transformation. The Forum was convened over 500 C-suite level executives and business leaders from Cambodia, Hong Kong, India, Indonesia, Malaysia, Pakistan, The Philippines, Singapore, Taiwan, Thailand, and other parts of the region. Upon this pivotal time, the Forum gathers industry leaders to forge a plan for the future - addressing key actions for survival and to better position organisations at the point of recovery. Industry-shaping speakers navigated on new strategies for resilience, the ability to reinvent capabilities and activate transformation to protect against disruptions of all kinds, towards a sustainable and resilient business environment. "The pandemic may perhaps be a rude awakening for organisations and leaders to move forward beyond adaption and consider new strategies for resilience." Tan Sri Dr. Fong Chan Onn, Chairman of Enterprise Asia shared at his officiating speech. He further added, "It also presents a great opportunity to reinvent capabilities and activate transformation to protect against disruption to all kinds in the future." Among the speakers were Aftab Ahmed, Country Head, Citi Country Officer and Managing Director of Citibank Philippines; Darren Yong, Head of Technology, Media and Telecommunications Asia Pacific, Head of Client and Market Development Asia Pacific of KPMG Services; Sabrina Ho, Founder and CEO of Half the Sky; Roger Loo, Executive Director, Management Consulting of BDO Singapore; Dung Nguyen, Country Leader of Concentrix Vietnam; Patricia Yim, General Manager of IBM ASEAN; Joydeep Bose, Managing Director & Global Head, Human Resources of Olam International Limited and Azlan Zainal Abidin, Chief Enterprise Business Officer of Celcom Axiata. Aimed at the urgency of reorientating and re-evaluating strategic future-proof business plans, the Forum's purpose is to ensure that building resilient future objectives are translated into actions. The Forum has explored topics such as the role of culture in transforming organisations in times of crises, courageous leadership in times of new normal, business environment and opportunities far-beyond Covid-19. AEF was supported by All India Association of Industries, India Thai Chamber of Commerce, Malaysian Chamber of Commerce (Hong Kong & Macau) Limited, Singapore-Thai Chamber of Commerce, The Chamber of Hong Kong Listed Companies. PR Newswire as the Official News Release Distribution Partner, Avanguardia Group Sdn Bhd as the Official Production Partner, BusinessWorld, Commercial Times, Esquire Philippines, Hong Kong Economic Times, Kumparan, Indonesia, SME Magazine, The Asian Entrepreneur, and The Nation as media partners. About Enterprise Asia Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generation. Please visit https://www.enterpriseasia.org/ for more information. About the Asia Entrepreneurship Forum Asia Entrepreneurship Forum is an open platform that brings global business leaders and the entrepreneurial community together to foster a synergistic business environment for leaders to connect, collaborate, and unite as a colossal voice to foster opportunities. This year, with the theme "Accelerating Growth Beyond Borders", be ready to be inspired by accomplished industry professionals and thought leaders through our virtual business platform, on how they transform, and advance under disruptive changes in a post-Covid 19 world to shape a resilient future. The greatest threat in times of turbulence is not the turbulence itself but fail to lead during crisis and unable to grow after. Please visit https://apea.asia/regional/asia-entrepreneurship-forum-2020/ for more information. Related Links :https://www.enterpriseasia.org
PR Newswire Publishes 2020 Tech Media Pitching Kit
The resource enables PR professionals to adapt their pitching approach and connect with tech journalists and influencers in a COVID-19 world HONG KONG, Nov. 24, 2020 /PRNewswire/ -- PR Newswire today released its 2020 Tech Media Pitching Kit -- offering brands advice on how to pitch to tech reporters in the new normal. The advice was gathered from tech journalists and influencers across 9 markets in the Asia-Pacific region from August to September 2020. PR Newswire's 2020 Tech Media Pitching Kit The COVID-19 pandemic has accelerated digital adoption in businesses with the prevalent use of technology, from cloud-based services, collaborative platforms to cybersecurity solutions. As technology such as the Internet of Things, 5G network and Artificial Intelligence continue to transform industries, there will be more opportunities for brands to share tech stories with the media. The 2020 Tech Media Pitching Kit highlights key trends, events and topics within the industry to equip PR professionals with up-to-date and effective pitching tips. Download the kit here or start with the main takeaways below. Smartphones, 5G and IoT remain key interestsThe 2020 Tech Media Pitching Kit reveals that half of the surveyed journalists and influencers said they are most interested in the trending topics of new smartphones, 5G and IoT. Others are keeping an eye out for topics such as electric vehicles and the business performance of tech companies."I'm always looking forward to more updates on frontier technology -- 5G, Internet of Things, Artificial Intelligence, Machine Learning, Virtual Reality, Augmented Reality, Quantum Computing, etc -- and stuff that is on the boundaries of what IT can do," said Rahul Joshi, Head of Content at Jicara Media."Large-scale technology and auto shows will be our focus. I'm interested in cutting-edge technology that involves electric vehicles and those powered by alternative energy sources," said Xiang Ou, Deputy Editor-in-Chief of TMTPost. Tech journalists predict pandemic-related technology trends to emerge in 2021Tech journalists predict that most of the technology introduced next year will be related to the new normal. These technologies could be aimed at helping people adapt to working from home and provide protection against viruses."The trend of consumer technology supporting work, study and entertainment activities at home will be interesting. Examples include laptops and smartphones with long battery life and cameras that are suitable for online meetings. Other trends are health-related smart technology such as portable ultraviolet-c (UV-C) lamps that guard against viruses and health start-ups on areas like telemedicine," said Fitraya Ramadhanny, Managing Editor of Detikinet, Detik.com's technology section. A different format is necessary for virtual eventsAs virtual events are expected to continue, tech reporters told PR Newswire the biggest mistake brands make is trying to replicate a traditional press conference online. Digital events should be more concise, engaging and interactive."Digital events should be more concise. Stage presence and audience engagement cannot be mimicked on a Zoom call. Traditional presentation decks tend to be packed with secondary info or repetition of a brand's history and achievements. Get to the point - get your media into breakout rooms where they can readily engage with relevant spokespeople if they wish to, or directly access press materials," explained Zachary Chan, Editor at HWM Singapore & HardwareZone.com. The biggest turnoffs for tech journalists: Email blasts, repeated calls and emails on the same topicApart from pitching advice, the 2020 Tech Media Pitching Kit also reveals actions that will deter reporters from covering stories. Irrelevant and untargeted email pitches is an ineffective method to communicate with reporters and multiple calls and emails on the same pitch is also discouraged. A customised press release with multimedia elements will increase the chances of media pick-up."Many PR agencies send out press releases for the same client almost every day, which is very frustrating. Your client's release is not a memo, so choose carefully which releases you send to the media," said Purjono Agus Suhendro, CEO & Editor-in-Chief of TechnoBusiness Media."Most of my fellow journalists do not like receiving press releases in PDF format because it is difficult to access. We prefer that press release information is included as body text in emails. The emails can include attachments such as fact sheet and high-resolution photo. Do not issue multiple releases based on the same products just to meet your client's demands," said Bambang Dwi Atmoko, Chief Editor of Gizmologi. For more pitching advice and insights into the tech industry, download the 2020 Tech Media Pitching Kit here. About PR Newswire PR Newswire, a Cision Ltd. company, is a leading global provider of news distribution and earned media software and services. In conjunction with Cision's cloud-based communications product suite, PR Newswire's services enable marketers, corporate communicators, and investor relations officers to identify key influencers, engage target audiences, craft and distribute strategic content, and measure meaningful impact. Combining the world's largest multi-channel, multi-cultural content dissemination network with comprehensive workflow tools and platforms, PR Newswire powers the stories of organizations around the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, the Middle East, Africa and Asia-Pacific regions.
