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The 3rd Conference of Great Business Partners signs $21.21 deals for 444 projects
JINAN, China, March 30, 2023 /PRNewswire/ -- The 3rd Conference of Great Business Partners（CGBP）hosted by the CPC Shandong Provincial Committee and the Shandong Provincial People's Government opened in Jinan on March 29, 2023. The conference achieved fruitful results, with a total of 444 industrial projects signed for a combined investment of $100.53 billion. According to Information Office of the People's Government of Shandong Province, the conference signed 444 deals in total, including 112 foreign funded projects with a total investment of 21.21 billion US dollars, and 257 local-funded projects with a total investment of $79.32 billion. Among them there were 236 manufacturing projects, mainly in the fields of emerging industries such as new energy, new materials, high-end equipment manufacturing, and new-generation information technology, as well as 75 projects for talent cooperation. During the conference, a key cooperation projects signing ceremony was successfully held for 50 investment and talent cooperation projects. Among them, there were 20 foreign-funded projects with a total investment of 3.45 billion US dollars; 20 local-funded projects with a total investment of 14.59 billion US dollars , and 10 talent cooperation projects as well. Over 763 guests from 15 countries attended the conference, including 71 Fortune 500 companies such as ZF Friedrichshafen AG, 23 State-owned enterprises such as China General Technology Group, and 77 of Top 500 Chinese enterprises such as Gree Electric Appliances, iFlytek, JD.com, and Geely Auto, as well as many new forces such as "Unicorn Companies", " Gazelle Enterprises ", and "specialized and innovative" high-tech enterprises. There were also academicians, Changjiang Scholars, Mount Taishan Scholars, leaders of well-known universities and research institutions with close cooperation with Shandong, business association leaders, overseas Chinese community representatives. The 3rd Conference of Great Business Partners held a special event for Shandong cuisine, where various delicacies from 16 cities in Shandong Province were showcased. While promoting the culture and stories of Shandong cuisine, it also gathered the power of Shandong people from home and abroad to serve their hometowns, innovate and start businesses, and promote the " Attracting investment and Talents" strategy. The 3rd Conference of Great Business Partners is an important institutional event for Shandong to attract investment and talent from a wider range and at a higher level, and accelerate the construction of a strong modern province in the new era. Since 2018, it has successfully held two sessions and has become a bright business card for Shandong's opening-up.
Latino Talent Takes Over Los Angeles: Uplive Presents Izzy and Legend Meet & Greet
LOS ANGELES, March 30, 2023 /PRNewswire/ -- Uplive, Asia Innovations Group(ASIG)'s flagship live social platform, is proud to present the Izzy & Legend Meet & Greet on April 2, 2023, at the Sheraton Los Angeles San Gabriel. Through this event, fans will have the opportunity to meet Izzy and Legend in person and see firsthand how hard work and dedication, coupled with creativity, can lead to great success. This event is part of ASIG's ESG efforts to support diversity and inclusion in entertainment, inspiring underrepresented groups, including Latinos and minorities, to pursue their dreams. The Meet and Greet event will include a general session and a VIP After Party. During the general session, fans will have the opportunity to meet and take a picture with Izzy and Legend for free when they download Uplive. Fans attending the VIP After Party will enjoy a unique experience where they can mingle with Izzy, Legend, and other special guests, as well as live performances by Izzy and Legend. Izzy, whose passion for writing lyrics has led him to grow a substantial following on social media, has over 1.4 million followers on TikTok and 97.5k followers on Instagram. Legend, known for his hilarious comedy videos, has amassed over 18.5 million followers on TikTok and 1.4 million followers on Instagram. Both artists have made a significant impact on the Latino community and will be recognized at an awards ceremony following the Meet and Greet. The event is sponsored by ASIG's Uplive, one of the leading live social platforms with a user base of over 400 million across 150 regions. Uplive's commitment to fostering human connection through innovative technology has made it a top global live-streaming app. Its success is evident in its ranking among the top consumer spend apps in APAC and being one of the fastest-growing live social platforms globally. Uplive's sponsorship of events like this is part of its commitment to ESG initiatives and making a positive impact on the world. Uplive's ESG values: Advance, Impact, and Guard, demonstrate its dedication to empowering users from all walks of life across the world. Through its focus on ESG initiatives, Uplive is not only creating a successful business model but also contributing to a better future for all. "We are proud to support talented Latino artists like Izzy and Legend through events like this Meet and Greet. It aligns with our commitment to ESG and our belief in the power of diversity to inspire people from all backgrounds to succeed in the entertainment industry." said Christine Xu, the CEO of ASIG North America. The event will be free to attend for the general Meet and Greet and tickets for the VIP After Party with live performances will be available for purchase. Tickets can be obtained through Eventbrite (https://bit.ly/3JwCDKn) or by visiting https://www.uplivex.com/meetandgreet For press and media inquiries as well as sponsorship opportunities, please email Mary.Zou@asiainnovations.com About Asia Innovations Group Asia Innovations Group Limited (Asia Innovations) is a leading live social company with 400 million registered users located in over 150 regions worldwide. Asia Innovations has an integrated portfolio of social, gaming and e-commerce platforms designed to foster meaningful human connection. Asia Innovations operates in eighteen offices around the globe that offer deep local market knowledge across all major emerging markets to augment the company's cutting-edge technology and scalable global infrastructure. The company's portfolio includes leading apps such as Uplive, the global live video platform, CuteU and Lamour, the dominant dating apps in global emerging markets. Its e-commerce platform, Hekka Fashion, offers an online shopping experience that brings accessible fashion to users around the world. As champions for creativity, opportunity and inclusivity for all, Asia Innovations leverages its innovative products globally to empower creators, catalyze social impact, and safeguard a positive online environment. For more information, please visit https://www.asiainnovations.com. Izzy & Legend Meet & Greet
Human-made shooting stars to inspire interest in space and collect vital climate data in the mesosphere
SKY CANVAS is the world's first human-made shooting star project and aims to bring people all over the world together to witness an unprecedented collective experience that will inspire scientific curiosity and advance our understanding of climate change. TOKYO, March 30, 2023 /PRNewswire/ -- ALE Co., Ltd. today announces the global launch of its spectacular project SKY CANVAS, set to transform the night sky into a celestial showcase for human-made shooting stars that can collect important atmospheric data in the mesosphere. Previously, it has been difficult to gather meaningful data from this layer of the Earth's atmosphere, as weather balloons or aircraft cannot fly high enough, and it is too low to be observed by satellites. Sky Canvas London To support its mission, ALE has launched the SKY CANVAS Community Club to engage current and future space fanatics to discuss and learn about space and space sciences, with a focus on the development of sustainable space exploration. Those who want to be a part of space science history can buy a SKY CANVAS VIP PASS NFT to get the chance to be one of the first people to ever witness a human-made shooting star, to help to crowdfund and kickstart a new wave of climate science and space edutainment and to make a vital contribution to charity. "Our aim is to contribute to the sustainable development of humankind and to bring space closer to all of us, by expanding the area of human activity beyond Earth to discover, collect and apply essential data from space," explained Dr. Lena Okajima, founder and CEO of ALE. "As a first step, I founded ALE to create the world's first human-made shooting star, to inspire wonder and to spark scientific curiosity." "In the future, by combining critical climate research with a new form of space entertainment we believe we can further our scientific understanding of climate change while also inspiring curiosity and interest in people all over the world about space and the universe." ALE will continue to own and develop the core technology behind SKY CANVAS's human-made shooting stars, to realize its threefold vision: to establish strategic partnerships across industry and academia to leverage its technology and enable scientific climate research into atmospheric data. to establish and grow a new "space entertainment" market category. to create innovative new digital content to achieve sustainable growth in this market. For further information www.skycanvasglobal.com. Photo - https://mma.prnasia.com/media2/2043494/Sky_Canvas_London.jpg?p=medium600Photo - https://mma.prnasia.com/media2/2043493/Sky_Canvas_San_Francisco.jpg?p=medium600Photo - https://mma.prnasia.com/media2/2043492/Sky_Canvas_Kyoto.jpg?p=medium600 Sky Canvas San Francisco Sky Canvas Kyoto
ADA CELEBRATES RECORD-BREAKING FIVE YEARS
The company achieved five times growth in top line revenue, serving over 3,000+ large brands and developed 1,200 digital talents across 11 countries SINGAPORE, March 29, 2023 /PRNewswire/ -- Integrated growth agency ADA celebrated its momentous 5-year anniversary today. Formed in 2018, ADA has grown multi-fold in its solutions, capabilities, markets and people. Over the past five years, ADA has supported over 3,000 enterprises in their digital transformation journeys to better understand fast-evolving consumer behaviours and successfully engage with new-age consumers. Srinivas Gattamneni, CEO of ADA (2nd from left) flanked by Guest of Honour His Excellency Katsuhiko TAKAHASHI, Ambassador of Japan to Malaysia (3rd from left); and shareholders Tomoyuki Shionoya, GM, Sumitomo Corporation (1st from left) and Daichi Nozaki, VP, Softbank Corporation (1st from right); at ADA’s 5th Anniversary “Digital Awesomeness Continued” event, celebrating ADA’s record-breaking 5 years. Some of ADA Asia's key achievements over the past five years include: Launched the first of its kind integrated media, creative, tech, ecommerce, customer engagement services, which has gained significant traction. Won over 220 APAC industry awards for our clients' outstanding work. Solid triple digit year-on-year (YoY) business growth since 2018, culminating in top line revenue of approximately USD300 million. Operating profit crossed USD20 million, and company remained profitable in 4 of the 5 years since inception. Achieved a diverse and equitable workplace with 50:50 gender ratio across metrics. Developed the largest Southeast Asia talent pool of 1,200 specialists in ecommerce and digital marketing. Attracted founding investors, Axiata, Softbank Corp & Sumitomo Corporation to support ADA's growth. "In our five years of operation, pride of the achievement goes to our amazing 1,200 ada-ians across 11 countries in APAC, who through their vision, creativity, grit and determination built a company from ground up. ADA is pioneering outcome-based solutions that is powered by data, technology, and content, which proved successful for our clients during their transition to digital. As a result, we were able to record five times business growth and transformed many brands," said Srinivas Gattamneni, Chief Executive Officer at ADA. Since its inception in 2018, ADA has been at the forefront of driving digital transformation in the region. With offices in 11 markets across Asia and a team of about 1,200 digital experts, ADA has supported some of the largest and most respected brands in the region including Procter & Gamble, Unilever, Etiqa Insurance, Petronas, DBS Bank, Laneige, Nestle, Watsons, Burger King, and Toyota. Looking ahead, ADA plans to continue innovating with a number of exciting initiatives on the horizon ─ focusing on connected analytics, marketing, commerce and customer experience solutions to grow clients' top line. The company will be investing in new technologies such as conversational chatbots, Customer Data Platforms, and AI-powered technologies, while expanding its footprint in existing markets and exploring new ones. ADA also aims to deepen its partnerships with leading companies in the data and AI space, to bring more value to its clients. "While the historic growth has been satisfying, we remain focused to develop into a broader APAC champion as an integrated growth partner for enterprises. In future, we will be expanding into India, South Korea and Japan to leverage the capabilities we have built to serve large markets. We will continue to broaden and deepen our offerings across the marketing, commerce and customer engagement solutions to provide our clients with tangible solutions and insights for them to succeed in an increasingly competitive and complex business landscape," said Gattamneni. About ADA ADA provides services that enable enterprises and brands to drive topline growth through digital marketing and sales transformation across Asia. It operates three data-driven service segments: i. Marketing Solutions: provides performance marketing, which enables clients to reach consumers efficiently on social media, native ads, display ads and search marketing; creative solutions to drive user engagement and conversation rates; and marketing technology transformation involves consultation on the implementation of managed services that enable brands to achieve superior customer experiences with technology platforms. ii. Ecommerce Solutions: provide brands with end-to-end store management to fulfil enablement on marketplaces, social channels, third party messaging channels and owned websites. iii. Customer Engagement Solutions: used by enterprises to enhance customer support and communicate with consumers in real-time through SMS, WhatsApp and other messaging applications. ADA, which operates 11 offices across Asia with approximately 1,200 employees, was formed in 2018 and is headquartered in Singapore and Malaysia.
Jersey Finance Hosts Reception to Formally Launch Singapore Presence
SINGAPORE, March 30, 2023 /PRNewswire/ -- Jersey Finance formally launched its new presence in Singapore and its refreshed South-East Asia market outreach strategy at a special reception this week (28 March). Hosted at Eden Hall, the residence of the British High Commissioner to Singapore, Her Excellency Kara Owen CMG, Her Excellency personally opened the reception, and was joined in giving a welcome address by the Government of Jersey's Assistant Chief Minister with Responsibility for Financial Services, Deputy Elaine Millar, and Jersey Finance Chief Executive Officer, Joe Moynihan. The reception was attended by around 100 guests including Government of Jersey officials, the Director General of the Jersey Financial Services Commission (JFSC), Jill Britton, as well as local and visiting industry professionals. The British Chamber of Commerce supported the event. The official launch follows on from Jersey Finance's appointment at the end of last year of Yiow Chong Tan as Business Development Director for the South East Asia market, based in Singapore. With extensive business and corporate finance experience in the Asian markets, Yiow will play a key role in delivering Jersey Finance's new South East Asia strategy, working closely with Shanghai-based Maria McDermott, Business Development Consultant at Jersey Finance. Having built a strong reputation within the Greater China region since 2005, and having opened an office in Hong Kong in 2009, Jersey Finance has cited Singapore as a key complementary hub that can help further extend the global reach of Jersey's financial services industry and bring its corporate, private wealth and alternative funds proposition to key growth markets across the South East Asia region. During the visit to Singapore, Joe Moynihan and Deputy Millar also joined a roundtable event for Jersey and Singaporean firms focussing on the growing relationships between Jersey's financial services industry, Singapore and the wider South East Asia region. Commenting on the new Singapore presence, Joe Moynihan, Chief Executive Officer, Jersey Finance, said: "A key part of our global markets strategy is to diversify our international connectivity as an international finance centre, and our refreshed South East Asia strategy is a critical part of that. Our new presence in Singapore will both complement the existing profile we have built up over many years through Hong Kong and also strengthen relationships in other markets in the region where we feel we have a really strong story to tell – supporting both inbound and outbound investor capital. "Critically, we see Singapore and Jersey as natural partners and believe that Jersey can play a really positive role within the region too, supporting Singapore's own ambitions. Both Jersey and Singapore have successfully created a specialist proposition for international investors built on high standards, a framework of internationally endorsed regulatory standards and a passionate belief in the value of global connectivity." Deputy Millar added: "There are many similarities between Jersey and Singapore, as both are jurisdictions that have carved out a successful niche as centres of excellence for professional services and, increasingly, sustainable finance and fintech. The Government of Jersey continues to be focussed on its objective of enhancing Jersey's international relationships and this new presence in Singapore is a really positive step in supporting that. The focus of our relationship with Singapore is one of cooperation and collaboration, and I have no doubt that Jersey Finance establishing a presence here will only strengthen that relationship." Jersey has been building closer ties with Singapore for some years, with this year marking ten years since Jersey and Singapore signed a Double Taxation Agreement. Meanwhile, research from the Centre for Economics and Business Research quantifying the full extent of Jersey's global economic footprint has found that the capital intermediated through Jersey equates to £46 billion of GDP in Asia each year, supporting in excess of 2.4 million jobs in the region. For a short video on Jersey's presence in South East Asia and case studies on how Jersey firms are expanding their footprint with clients and investors in the region, visit Jersey Finance' website at https://jsy.fi/40B9QuU.
ProWein 2023: Wine of Moldova Commits to Go Sustainable
DÜSSELDORF, Germany, March 30, 2023 /PRNewswire/ -- March 21st 2023: Over the last year, Moldova, with a population of 2m, has opened its doors to over 600,000 refugees from its neighbor, Ukraine. This generosity has earned this former Soviet republic, the description of 'the small country with the big heart'. Now, the Moldovan wine industry has unveiled plans for an ambitious programme of sustainable development, as key stakeholders seek $500 million of investment in new vineyards, increased capacity, and technological innovation over the next five years. This bold vision was mapped out during the 2023 edition of ProWein, where Robert Joseph led a panel discussion entitled "Wine of Moldova - 10 Revolutionary Years of Building a National Wine Brand." A lively debate appraised how "a small, dynamic winemaking country as Moldova can compete with global giants." Elizaveta Breahna, Interim Director of National Office of Wine; Caroline Gilby MW, a long-time expert on the wines of the region, Poland's first Master of Wine; Wojciech Bońkowski, all took part in the panel discussion. They analysed Moldova's efforts to increase its international cachet, including the relative merits of prioritising indigenous grape varieties over international varieties and – Joseph's preference – blends of the two. One of the industry's key goals is to become a world-class tourism destination, with a 50% increase in wineries offering hospitality. Wojciech Bońkowski comments: '10 Revolutionary Years of Building a National Wine Brand' isn't simply a slogan – it neatly encapsulates the incredible transformation of the nation's vineyards and wineries. Despite the trade embargo imposed by the Russian Federation, the wine industry has played a significant role in the country's economy, contributing around 3% of GDP and 8% of total exports and to the livelihood of over 50 thousand families in the rural areas." According to Caroline Gilby MW: "Today, Moldovan winemakers have embraced the challenge of meeting the requirements of Western markets and have made impressive progress. They came together and changed the country's wine landscape." As a national brand, Wine of Moldova is committed to repositioning the former Soviet Republic as Eastern Europe's leading exporter of premium wines. Moldovan wines have won 5,014 international awards over the past decade. To quote Robert Joseph, "Moldova's unique story, diverse grape collection, and ideal growing conditions put it in an excellent position to prioritize sustainable winemaking with a new generation of ambitious winemakers." Video: https://www.youtube.com/watch?v=Y9mMzz9YXk4
Tony Robbins To Close the Global PRIORITY Summit Held by FII Institute
MIAMI, March 29, 2023 /PRNewswire/ -- The Global PRIORITY Summit, powered by FII Institute, has announced that Tony Robbins, #1 New York Times bestselling author, entrepreneur, philanthropist, and one of the top international life and business strategists, will be closing the event on its second day. The summit, held on March 30 & 31, 2023, will bring together world leaders in the areas of business, government, academia, civil society, technology, and media to engage in game-changing discussions and shape the global agenda. This summit is guided by FII Institute's mission to make an Impact on Humanity, and anchored by its PRIORITY Report, which reveals the top priorities for individuals around the world. For over four and a half decades, millions of people have enjoyed the warmth, humor, and transformational power of Tony's personal development events. These elements will undoubtedly be incorporated into the Miami summit's DNA as it aims to draw a roadmap for humanity in these challenging times. Prolific speaker Tony Robbins is sure to motivate the changemakers in the room to navigate the challenges before them, take action for good, and work together towards a brighter future for humanity as the event draws to a close. About FII Institute: THE FUTURE INVESTMENT INITIATIVE (FII) INSTITUTE is a new global non-profit foundation with an investment arm and one agenda: Impact on Humanity. Global and committed to Environmental, Social and Governance (ESG) principles, we foster great minds from around the world and turn ideas into real-world solutions in five critical areas: Artificial Intelligence (AI) and Robotics, Education, Healthcare and Sustainability.
Adriel to Power AdOps Marketing Solution for LG Electronics
Adriel partners with LG Electronics to successfully manage ad campaigns and boost business efficiency using an AdOps platform. AUSTIN, Texas, March 29, 2023 /PRNewswire/ -- Adriel, a global ad tech company led by CEO Sophie Eom, has partnered with LG Electronics, a leading electronics company, as its AdOps (Advertising Operations) solution provider. Through this partnership, Adriel has demonstrated that AdOps can be effectively used to run ad campaigns by marketing and data teams of all sizes, from ambitious startups and SMBs to global enterprises. Adriel is one of the first companies to introduce AdOps as a modern alternative to legacy marketing tools in South Korea, the US, and Europe. AdOps is a BI (Business Intelligence) solution that helps marketers monitor, manage, and analyze advertising data scattered across over 600 channels, including Google, Meta, TikTok, LinkedIn, Pinterest, and Google Analytics, on a single dashboard. AdOps automates tedious, manual tasks, such as data collection, processing, and client reporting, centralizes operations in a single place, and visualizes them in real time. By setting up an automated end-to-end ecosystem that brings disparate data sources together, AdOps can effectively reduce redundant tasks while mitigating data errors and delayed insights. It also provides insights to maximize ROI (return on investment) through analyzed data, ensuring successful advertising campaigns. With Adriel's AdOps solution, LG Electronics can now compare and analyze all advertising data on one dashboard and easily manage ad operations, such as deciding which ads to run and where to allocate budget for maximum ROI. According to LG Electronics' Sales Headquarters official statement, "We believe AdOps will enable us to run more efficient advertising campaigns as it minimizes the time required to analyze ad data." "The fact that LG Electronics, a leading company in 'customer-centric management,' has chosen AdOps to understand its customers and the market is an exciting opportunity for Adriel," the company's CEO Sophie Eom said. "We will continue to strengthen our technology and services so that all companies, regardless of their size, workforce, or industry, can successfully market with AdOps." About Adriel Founded in 2017, Adriel is a business intelligence software company that empowers modern marketing teams to manage and optimize omnichannel marketing seamlessly. Adriel's no-code AdOps platform integrates with 650+ data sources (advertising platforms, analytics tools, MMPs, and databases) to centralize real-time data, insights, and teams on a single workspace. Request a demo or start reporting for 14 days free here. More information is available through:Website: https://www.adriel.com/ LinkedIn: https://www.linkedin.com/company/adrielmarketing/ Media ContactSamy BarbierGrowth ManagerEmail: email@example.com
"Bleach: Brave Souls" SAFWY Step-Up Summons: Untold Stories: Six Begins Friday, March 31st
TOKYO, March 29, 2023 /PRNewswire/ -- KLab Inc., a leader in online mobile games, announced that its hit 3D action game Bleach: Brave Souls, currently available on smartphones, PC, and PlayStation 4, will hold the Spirits Are Forever With You (SAFWY) collaboration campaign starting from Friday, March 31st, 2023. See the original press release (https://www.klab.com/en/press/) for more information. Bleach: Brave Souls will hold the Spirits Are Forever With You (SAFWY) collaboration campaign starting from Friday, March 31st, 2023. Users can look forward to the debut of SAFWY collaboration versions of Gin Ichimaru and Mayuri Kurotsuchi in the SAFWY Untold Stories: Six Step-Up Summons. Don't miss out on other limited-time in-game campaigns such as the Free SAFWY & CFYOW Summons where you can get one guaranteed 5 star character. Users can look forward to the debut of SAFWY collaboration versions of Gin Ichimaru and Mayuri Kurotsuchi in the SAFWY Untold Stories: Six Step-Up Summons. Don't miss out on other limited-time in-game campaigns such as the Free SAFWY & CFYOW Summons where you can get one guaranteed 5 star character. In addition, the SAFWY Summons PV Campaign will be held from Tuesday, March 28th in celebration of the collaboration Summons. In-game items will be given to all users based on the number of participants so be sure to check it out. SAFWY Untold Stories: Six Step-Up Summons: https://www.youtube.com/watch?v=JF78qmgxH5c Everyone Gets In-Game Presents, SAFWY Summons PV Campaign Begins To celebrate the release of SAFWY Step-Up Summons: Untold Stories: Six, we are holding a PV campaign. How to Enter Twitter1. Follow the official Bleach: Brave Souls Twitter account (@Bleachbrs_en)2. Like or retweet the SAFWY Step-Up Summons: Untold Stories: Six PV Instagram1. Follow the official Bleach: Brave Souls Instagram account (@bleachbravesouls_official)2. Like the SAFWY Step-Up Summons: Untold Stories: Six PV Discord1. Follow the official Bleach: Brave Souls Discord server2. Go to the "SAFWY Summons PV Campaign" channel and react to the SAFWY Step-Up Summons: Untold Stories: Six PV Overview of Bleach: Brave Souls Platform: iOS /Android™/PC/PS4™Genre: 3D ActionPrice: Free-to-play (In-game purchases available)Official Website: https://www.bleach-bravesouls.com/en/Official Twitter Account: @bleachbrs_enOfficial Facebook Page: https://www.facebook.com/BleachBS.enOfficial YouTube Channel: https://www.youtube.com/channel/UC1QJ4uNQeijEx0jlo4nqauAOfficial Instagram: @bleachbravesouls_officialOfficial Discord: https://discord.com/invite/bleachbravesoulsCopyright: © Tite Kubo/Shueisha, TV TOKYO, dentsu, Pierrot © KLabGames Download hereApp Store: https://itunes.apple.com/app/id1003168863Google Play: https://play.google.com/store/apps/details?id=com.klab.bleachSteam: https://store.steampowered.com/app/1201240/BLEACH_Brave_SoulsPlayStation Store: https://store.playstation.com/concept/10002097
A Contestant Crosses 199 Islands to Participate in the Largest Religious Competition in the World
RIYADH, Saudi Arabia, March 29, 2023 /PRNewswire/ --The Indonesian contestant Diaa UlDin bin Nizaruldin crossed 199 islands separating the province of Aceh, his hometown, from the rest of the provinces of Indonesia to reach neighboring Malaysia, as his first stop on his journey to Otr Elkalam, where he acquired the performance talent that led him to complete his journey to Riyadh to participate in the show this year after he failed to participate in the first version of the competition last Ramadan. The Indonesian contestant Diaa UlDin bin Nizaruldin, who crossed 199 Islands to participate in Otr Elkalam competition in Saudi Arabia. In the fifth episode of Otr Elkalam, one of the initiatives of the Saudi General Entertainment Authority, Nizaruldin competed against his Afghan counterpart Ghayath Al-Hashemi in the Adhan track. Nizaruldin convinced the jury of his vocal talents and perfect control over his vocal layers. So, he got the majority of votes and qualified for the next stage of the competition. In the recitation track, the competition witnessed tender and emotional recitations and voices that inspired reverence and reflection. The Iranian contestant Yunus Shahmradi, who learned Quran recitation at the hands of his father, performed with a beautiful voice that touched the ears and hearts of the listeners. From Turkey, the reciter Fatih Kaya, who began his journey with the Quran by learning Tajwid, had good talents that led him to the competition. However, Kaya's journey ended today after his Iranian rival won the highest share of the votes of the jury. Otr Elkalam is one of the prominent Ramadan TV shows. It combines words of revelation (the Holy Quran) with the eloquent call to prayer delivered by the best and most beautiful voices in the world. The competition episodes can be watched on the show's YouTube channel through the link: https://www.youtube.com/@OtrElkalam. The show has allocated prizes totaling $3.3 million to the winners, which is the largest financial prize in the history of international competitions of this kind. The first-place winner in the Quran recitation track gets $ 800,000, while the first-place winner in the adhan track gets $534,000. Contact: ThamerThamer@syaq.net +966558444937
Amazon Ads Veteran Ed Dinichert to Join TripleLift as Chief Revenue Officer
Leads 200+ person global team, oversees customer success, and directs burgeoning commerce media offering NEW YORK, March 29, 2023 /PRNewswire/ -- Ad industry veteran Ed Dinichert is joining TripleLift, the digital media platform on a mission to elevate advertising across every screen, as Chief Revenue Officer. The move comes at an inflection point for the company and the digital ad industry more broadly. New data privacy requirements, a shakeup in platform influence, and a shift in spend to connected television and retail media networks are signaling an immense level of current and future change. Dinichert joins TripleLift from Amazon Ads. During his 10 years at the company, he launched and piloted the Ad Tech Sales and Services teams, encompassing Amazon DSP, Amazon Marketing Cloud and Sizmek Ad Suite adoption. Earlier in his tenure, he was Country Director and employee #1 for Amazon Ads in France. Before Amazon, Dinichert was a long-time executive at 24/7 Real Media (WPP Group), an OG programmatic media company. "My experience at Amazon has been incredibly formative. It has been a privilege to contribute to the success of a company that has become so important to consumers, sellers, agencies and advertisers alike," said Ed Dinichert, incoming CRO of TripleLift. "TripleLift's unique position in programmatic reminds me of my early days at Amazon: a distinctive set of solutions and a central position in the ecosystem where they win only when all of their constituents win. There is so much upside due to this differentiation." TripleLift, which is best known for its founding Native Ads product and its highly rated customer service, has been evolving over the last five years. Its product offerings have proliferated into CTV, online video, display and advanced first-party data targeting. And it is now applying its technology to help retailers, who have a high bar for creative, enhanced measurement and privacy requirements, to grow their media networks across the web. "Anyone who knows Ed knows he's a uniquely talented leader, and one that cares deeply about putting customers and people first," said Dave Clark, CEO at TripleLift. "As TripleLift continues to innovate at the intersection of high-impact creative ad formats and first party data targeting, Ed's character and experience emerged as a natural choice to lead our efforts to deepen our partnership with publishers, advertisers and retail media networks. We couldn't be more thrilled to welcome him to the team." "Programmatic media is often thought of as a commodity," says Dinichert. "I know full well from my experience that this is not always the case. TripleLift's reputation in the marketplace is one of premium formats, innovative solutions and unparalleled service. I see a world of opportunities thanks to these assets, and cannot wait to use the voice of our customers to continue to transform our industry at TripleLift. It is always Day One in the Digital Advertising space." Dinichert begins with TripleLift on April 17 and will report to Clark. About TripleLiftWe're TripleLift, an advertising platform on a mission to elevate digital advertising through beautiful creative, quality publishers, actionable data and smart targeting. Through over 1 trillion monthly ad transactions, we help publishers and platforms monetize their businesses. Our technology is where the world's leading brands find audiences across online video, connected television, display and native ads. Brand and enterprise customers choose us because of our innovative solutions, premium formats, and supportive experts dedicated to maximizing their performance. As part of the Vista Equity Partners portfolio, we are NMSDC certified, qualify for diverse spending goals and are committed to economic inclusion. Find out how TripleLift raises up the programmatic ecosystem at triplelift.com.
HSM Convergence Accelerating to Deliver a US$229 Million Service-Based Market Opportunity by 2027
NEW YORK, March 29, 2023 /PRNewswire/ -- Hardware Security Module (HSM) technologies continue accelerating toward application-first market solutions. Underpinned by converged platform offerings, vendors now focus on the opportunities delivered from a service-based perspective, according to a new report by global technology intelligence firm ABI Research. "The strict separation between general-purpose and payment HSMs is dissolving quickly," explains Michela Menting, Cybersecurity Applications Research Director at ABI Research. "In their latest flagships, many HSM original equipment manufacturers opt to provide just one converged hardware platform tailored to the applications through software packages." Most HSM OEMs seek to provide all the necessary certifications (FIPS 140-3, PCI PTS HSM v2, and increasingly CC+ EAL) as a baseline for that converged hardware. The differentiation then becomes a software and licensing matter that can be easily modified and configured remotely, enabling users to service new applications as their business evolves. This malleability from a software perspective is key to unlocking the potential of the service-based HSM opportunity, whether managed or hosted (HSM-as-a-Service). Both for enterprise users and managed service providers, it allows for repurposing the HSM for other applications without purchasing new hardware. Further, with advances in hardware capabilities for multi-tenancy and virtualization, HSMs can offer greater multi-usage performance. ABI Research forecasts service-based revenue to reach US$229 million globally by 2027. "Better understanding by enterprises of the need to leverage trusted services for their cloud migration and digital transformation is a significant driver for HSM applications, with OEMs targeting new markets and use cases not only in the enterprise (SMBs) but also in manufacturing, automotive, telco, and utilities. The HSM market is constantly evolving and ripe for innovation," Menting concludes. Top HSM OEMs in the space include Crypto4A, Entrust, Futurex, IBM, Kryptus, Marvell, Sansec, Securosys, Thales, and Utimaco. These findings are from ABI Research's Hardware Security Modules market data report. This report is part of the company's Cybersecurity Applications research service, which includes research, data, and ABI Insights. Market Data spreadsheets are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight where opportunities lie. About ABI Research ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today. ABI Research是一家国际科技情报公司，为全球科技领袖、创新人士和决策者提供实用的市场研究和战略性指导。我们密切关注一切为各行各业、全球经济和劳动市场带来颠覆性变革的创新与技术。 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 firstname.lastname@example.org
Jun & Lina Liu Foundation, Established by ATIF CEO Mr. Liu Jun, Officially Launches
LAKE FOREST, Calif., March 29, 2023 /PRNewswire/ -- ATIF CEO Jun Liu's family charity foundation, Jun & Lina Liu Foundation, has been formally established with a focus on education, environmental protection, healthcare, and cultural fields. The foundation aims to become a trustworthy, participatory, and sustainable non-profit organization. Through its work in education development, environmental protection, healthcare, and public talent cultivation, as well as infrastructure construction, the foundation hopes to raise awareness and encourage individuals to take responsibility and action toward creating a better life. To implement its projects effectively and make a deep impact, the foundation will initially prioritize the field of education. Education is a century-long endeavor that requires a solid foundation to support human culture and technological advancements. Only by strengthening education and innovation in science and technology can infinite development opportunities be explored. With a focus on positive social benefits, extensive public services, and international operational standards, the foundation will lead by example. Additionally, by leveraging the advantages of the internet, it will create a networked public welfare platform that everyone can participate in, promoting the integration of public welfare volunteer services and professional public welfare projects to drive more people to participate and promote more positive and small changes. Public welfare is a crucial indicator of social civilization, representing a set of values, moral behaviors, and social causes. It is the product of human self-development and social progress, as well as a manifestation of boundless love beyond individual interests. Mr. Jun Liu has always adhered to the belief that "social responsibility is the primary responsibility of enterprises and even individuals" and has devoted himself to charity and public welfare work across the country. At the outbreak of the COVID-19 pandemic, Mr. Liu took proactive action and donated urgently needed medical supplies multiple times to aid in the fight against the epidemic. Currently, Mr. Liu's family charity foundation relies on family funds as its source of funding. However, as the foundation grows, Mr. Liu hopes to join forces with various parties to develop and promote standardized public welfare projects, advocating for public participation and working together to support public welfare causes and create more value for society. About ATIF ATIF Holdings Limited (NASDAQ: ATIF) is a Lake Forest-based business consulting company that specializes in providing professional IPO, M&A advisory, and post-IPO compliance services to small and medium-sized companies seeking to go public on a stock exchange in the United States. The company has a proven track record in successfully delivering comprehensive U.S. IPO consulting services to clients primarily in the United States but also internationally. The mission of ATIF is to provide one-stop, comprehensive consulting services that guide clients through the complex and often challenging process of going public. ATIF recognizes the complexity and challenges associated with the process of going public, and endeavors to simplify it while ensuring optimal outcomes for its clients through its comprehensive consulting services. ATIF has been awarded the "Golden Bauhinia Award", the highest award in the financial and securities industry in Hong Kong, for "Top 10 Best Listed Companies". Forward-Looking Statements Certain statements in this press release are "forward-looking statements" within the meaning of the "safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, "estimated," "projected," Words such as "expect", "anticipate", "predict", "plan", "intend", "believe", "seek", "may", "will", "should", "future", "propose" and variations of these words or similar expressions (or the opposite of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements do not guarantee future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control and may cause actual results or achievements to differ materially from those discussed in the forward-looking statements. Important factors include future financial and operating results, including revenues, income, expenses, cash balances and other financial items; Ability to manage growth and expansion; Current and future economic and political conditions; The ability to compete in industries with low barriers to entry; The ability to obtain additional financing to fund capital expenditure in the future. Ability to attract new customers and further enhance brand awareness; Ability to hire and retain qualified management and key staff; Trends and competition in the financial advisory services industry; Pandemic or epidemic disease; Except as required by law, the Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, the Company cannot assure you that such expectations will turn out to be correct, and the Company cautions you that actual results may differ materially from the expected results expressed or implied by the forward-looking statements we make. You should not interpret forward-looking statements as predictions of future events. Forward-looking statements represent only the beliefs and assumptions of our management as of the date such statements are made. The above forward-looking statements are made as of the date of this press release.
Kuaishou Technology Announces Fourth Quarter and Full Year 2022 Financial Results
HONG KONG, March 29, 2023 /PRNewswire/ -- Kuaishou Technology (HK:1024) (the "Company" or "Kuaishou"), a leading content community and social platform, today announced its financial results for the fourth quarter and full fiscal year ended December 31, 2022. Fourth Quarter 2022 Key Highlights Average DAUs on Kuaishou APP were 366.2 million, representing an increase of 13.3% from 323.3 million for the same period of 2021. Average MAUs on Kuaishou APP were 640.0 million, representing an increase of 10.7% from 578.0 million for the same period of 2021. Average daily time spent per DAU(1) was 133.9 minutes, representing an increase of 12.6% from 118.9 minutes for the same period of 2021. Total GMV of e-commerce transactions facilitated on our platform(2) was RMB312.4 billion, representing an increase of 30.0% from RMB240.3 billion for the same period of 2021. Total revenue increased by 15.8% to RMB28.3 billion from RMB24.4 billion for the same period of 2021. Online marketing services and live streaming contributed 53.4% and 35.5%, respectively, to the total revenue. The other 11.1% came from other services. Gross profit increased by 26.9% to RMB12.9 billion from RMB10.1 billion for the same period in 2021. Gross profit margin in the fourth quarter of 2022 was 45.5%, improving from 41.5% for the same period of 2021. Operating profit from the domestic segment(3) was RMB1.3 billion, compared to an operating loss of RMB847.4 million for the same period of 2021. Full Year 2022 Key Highlights Average DAUs on Kuaishou APP were 355.7 million, representing an increase of 15.4% from 308.2 million in 2021. Average MAUs on Kuaishou APP were 612.7 million, representing an increase of 12.6% from 544.2 million in 2021. Average daily time spent per DAU(1) was 129.2 minutes, representing an increase of 15.9% from 111.5 minutes in 2021. Total GMV of e-commerce transactions facilitated on our platform(2) was RMB901.2 billion, representing an increase of 32.5% from RMB680.0 billion in 2021. Total revenue increased by 16.2% to RMB94.2 billion from RMB81.1 billion in 2021. Online marketing services and live streaming contributed 52.1% and 37.6%, respectively, to the total revenue. The other 10.3% came from other services. Gross profit increased by 23.8% to RMB42.1 billion from RMB34.0 billion in 2021. Gross profit margin in 2022 was 44.7%, improving from 42.0% in 2021. Operating profit from the domestic segment(3) was RMB192.1 million, compared to an operating loss of RMB8.7 billion in 2021. Mr. Cheng Yixiao, Co-founder and Chief Executive Officer of Kuaishou said, "We embraced the challenges in 2022 with an unyielding commitment to elevating our inclusive and diverse ecosystem and optimizing the experiences and returns for our users, content creators, advertisers and merchants. With the continuous improvement of our commercial ecosystem and operational efficiency, adjusted EBITDA for the full year of 2022 turned positive. We also set new records in the average DAUs and MAUs on Kuaishou App, as well as average daily time spent per DAU in the fourth quarter of 2022. Meanwhile, our revenues increased by 16.2% year-over-year to RMB94.2 billion in 2022, which was primarily attributable to the steady growth of our online marketing services, live streaming business and e-commerce business. Our full-year e-commerce GMV increased by 32.5% year-over-year to RMB901.2 billion. At the same time, we incorporated social responsibilities into our corporate culture and operations to promote sustainability, equality and inclusive growth. Looking forward, we will continue to build on and accelerate our strong momentum to deliver long-term value to our ecosystem participants and shareholders." Fourth Quarter 2022 Financial Review Revenue from our online marketing services increased by 14.0% to RMB15.1 billion for the fourth quarter of 2022, from RMB13.2 billion for the same period of 2021, primarily attributable to the growth in the number of advertisers and the increased advertising spending from advertisers, especially from our e-commerce merchants, driven by the increased traffic on our platform, diversified product portfolio and refined operation based on industry attributes. Revenue from our live streaming business increased by 13.7% to RMB10.0 billion for the fourth quarter of 2022, from RMB8.8 billion for the same period of 2021, as a result of the 20.4% year-over-year growth in average MPUs, which was supported by consistent enrichment of content supply, continuous optimization of our live streaming ecosystem and algorithms. Revenue from our other services increased by 33.7% to RMB3.2 billion for the fourth quarter of 2022, from RMB2.4 billion for the same period of 2021, primarily attributable to the growth of our e-commerce business, as a result of the growth in e-commerce GMV. The growth in our e-commerce GMV was driven by an increase in the number of active merchants, number of active e-commerce paying users and average order value. Other Key Financial Information for the Fourth Quarter of 2022 Operating loss was RMB1.2 billion, significantly narrowed from RMB5.8 billion for the same period of 2021. Operating profit from the domestic segment(3) was RMB1.3 billion, compared to an operating loss of RMB847.4 million for the same period of 2021. Adjusted net loss(4) was RMB45.3 million, narrowed substantially from RMB3.6 billion for the same period of 2021. Adjusted EBITDA(5) was RMB1.9 billion, compared to adjusted EBITDA of negative RMB1.3 billion for the same period of 2021. Full Year 2022 Financial Review Revenue from our online marketing services increased by 14.9% to RMB49.0 billion in 2022 from RMB42.7 billion in 2021, primarily attributable to the growth in the number of advertisers and the increased spending from advertisers, especially from our e-commerce merchants, driven by the increased traffic on our platform, diversified product portfolio and refined operation based on industry attributes. Revenue from our live streaming business increased by 14.2% to RMB35.4 billion in 2022 from RMB31.0 billion in 2021, as a result of 19.4% growth in average MPUs, which was supported by the consistent enrichment of content supply, evolving collaboration strategy with talent agencies and continuous optimization of our live streaming ecosystem and algorithms. Revenue from our other services increased by 31.4% to RMB9.8 billion in 2022 from RMB7.4 billion in 2021, primarily attributable to the growth of our e-commerce business, as a result of the growth in e-commerce GMV. The growth in our e-commerce GMV was driven by an increase in the number of active merchants, number of active e-commerce paying users and the improved repeat purchase rate. Other Key Financial Information for the Full Year of 2022 Operating loss was RMB12.6 billion, significantly narrowed from RMB27.7 billion in 2021. Operating profit from the domestic segment(3) was RMB192.1 million, compared to an operating loss of RMB8.7 billion in 2021. Adjusted net loss(4) was RMB5.8 billion, narrowed substantially from RMB18.9 billion in 2021. Adjusted EBITDA(5) was RMB1.8 billion, compared to adjusted EBITDA of negative RMB13.0 billion in 2021. Total available funds(6) reached RMB44.7 billion as of December 31, 2022. Notes: (1) Key operating data are those on Kuaishou App for the periods indicated(2) Placed on or directed to our partners through our platform(3) Unallocated items, which consist of share-based compensation expenses, other income, and other gains/(losses), net, are not included.(4) We define "adjusted net loss" as loss for the year or period adjusted by share-based compensation expenses, fair value changes of convertible redeemable preferred shares, and net fair value changes on investments.(5) We define "adjusted EBITDA" as adjusted net loss for the year or period adjusted by income tax expenses/(benefits), depreciation of property and equipment, depreciation of right-of-use assets, amortization of intangible assets, and finance (income)/expense, net.(6) Total available funds included but not limited to cash and cash equivalents, time deposit, financial assets and restricted cash. Financial assets mainly included wealth management products and others. Business Review Our fourth quarter results represent the culmination of a year marked by strong execution amid changing macro dynamics. Our user and content ecosystem was more vibrant than ever as we continued to grow the depth and breadth of our content, enhance services on our platform, and deploy more efficient user acquisition strategies. In the fourth quarter of 2022, we set new records in the average DAUs and MAUs on Kuaishou App, as well as average daily time spent per DAU. To unlock the massive value in our traffic, which continues to grow despite the enormous base, we implemented long-term initiatives in areas such as brand promotion, infrastructure, and ecosystem governance while deepening our operations in online marketing services and e-commerce, leading to continued gains in both mindshare and market share among advertisers and merchants. In particular, our e-commerce GMV increased by 30% year-over-year in the fourth quarter of 2022, despite the supply and fulfillment disruptions in the industry caused by COVID-19. This successfully took our full-year e-commerce GMV beyond RMB900.0 billion. More importantly, we achieved our growth objectives in parallel with operating efficiency gains and more rationalized spending. In the fourth quarter of 2022, our domestic business more than tripled its operating profit quarter-over-quarter, bringing its full-year operating profit into positive territory. Our Group's adjusted EBITDA also turned positive for full-year 2022. User and content ecosystem In the fourth quarter of 2022, we continued to improve user acquisition efficiency by upgrading our user growth strategy, further enriched our creative ecosystem, and strengthened the supply of high-quality content. Through our algorithm-based learning system targeting different user groups, we also holistically optimized our operating metrics, such as user time spent and interactions, to improve user retention. In the fourth quarter of 2022, average DAUs and MAUs on Kuaishou App both hit record highs, reaching 366.2 million and 640.0 million, respectively, representing a year-over-year increase of 13.3% and 10.7%, respectively. In addition, average daily time spent per DAU on Kuaishou App increased by 12.6% year-over-year to 133.9 minutes in the fourth quarter of 2022. This steady growth in our user traffic demonstrates the strong appeal of our short video and live streaming community. It is also a testament to the fact that Kuaishou has become a one-stop platform for more users to find useful and interesting short video and live streaming content and to obtain services. With respect to our user growth strategy, we continued to refine our personalized strategy and operations through algorithms, and consistently optimized user retention costs. In addition, we have been actively exploring user acquisition opportunities by leveraging more high-quality native short videos and live streaming content. In addition to our growing number of high-quality users, the vitality of Kuaishou's community has also been continuously increasing. By the end of 2022, pairs of mutual followers on Kuaishou App reached a cumulative 26.7 billion, increasing by 63.4% year-over-year. In addition, in the fourth quarter of 2022, average daily short video interactions (including likes, comments, and forwarding, etc.) increased by more than 50% year-over-year. With a robust creative ecosystem as our foundation, we continued to enrich our content supply across various verticals. Specifically, we further strengthened our leadership in the short play segment. In 2022, our Project Astral (星芒計劃) has produced over 200 short plays in total, of which over 100 short plays have each received more than 100 million views accumulatively by the end of 2022. We are also actively striving to commercialize our short plays via advertising, e-commerce and paid content to build a sustainable, win-win ecosystem for creators and our platform. With respect to knowledge-based content, we created Kuaishou New Knowledge (快手新知), a pan-knowledge IP currently covering more than 10 fields such as education, humanities, art, and science. The number of news-related videos uploaded by the media institutions in the fourth quarter of 2022 more than doubled year-over-year. Meanwhile, users who were prompted by major events to consume news on our platform have gradually become our loyal users. Separately, popular variety shows have also had a positive impact on new user acquisition and fortified our brand image in users' mindsets. For example, the Jay Chou's Online Friends Club held in November 2022 recorded a peak concurrent views of over 11.3 million and received over 1.1 billion likes, making it a hot topic on the entire internet. In addition to the efforts above, we consistently optimized our search function. In the fourth quarter of 2022, nearly 400.0 million users on Kuaishou App used Kuaishou search every month on average, and the average number of daily searches nearly doubled year-over-year. Our efforts to map users' search patterns and understand their search mindset not only provided more accurate content solutions for users, but also more room for the growth of our online marketing and e-commerce services. Online marketing services In 2022, we faced challenges from a slowdown of the online advertising market due to the macro economy headwinds. As consumption recovered after the domestic pandemic control policies were eased in December 2022, Kuaishou outperformed the industry in growth by virtue of our continuously growing traffic, rich product portfolio, and enhanced organizational efficiency. In the fourth quarter of 2022, revenue from online marketing services increased by 14.0% year-over-year, accounting for 53.4% of total revenue. We provided advertisers with comprehensive industry solutions and elevated the performance and conversion efficiencies of advertising solutions through refined operations, algorithms, and products with in-depth integration of industry attributes. We launched more efficient advertisement performance assurance to our advertisers, coupled with the enhancement of underlying algorithm strategy, which led to more steady spending. With a focus on the holistic health of our advertising ecosystem, we promoted advertiser growth via various channels and through proactive, industry-specific support policies and other measures. The number of our advertisers maintained a rapid growth momentum year-over-year in the fourth quarter of 2022. The main growth driver of our online advertising services in the fourth quarter of 2022 was the healthy development of advertising services for our native e-commerce merchants. As the macro economy and consumption gradually recovered, fueled by various e-commerce promotion events in the fourth quarter of 2022, revenue from our e-commerce merchants continued to grow at a healthy pace, particularly in sectors such as Fast Moving Consumer Goods (FMCG) and food and beverage. We also improved advertising conversion through a dual strategy, employing both short video and live streaming, which further improved short videos' proportion to our online marketing revenue. In addition, the advancements we made in our original content programs allowed us to tap further into our organic traffic pool. This helped native e-commerce advertisers enhance traffic efficiency across public and private domains and realize their long-term business targets. With regard to brand advertising, we increased our brand advertising inventory and optimized our sell-through rates by leveraging key promotions and our own marketing programs in the fourth quarter of 2022. We also boosted these results by continuously iterating our brand advertising products. During our Double 11 Sales Promotion, we teamed up with Henan TV to organize the China Chic Ceremony evening gala, which we customized to our advertisers' needs. Through individualized content planning and co-creations with KOLs, we achieved high-quality content dissemination while realizing commercial value. Advertisers have further recognized the value of promoting brands on the Kuaishou platform, driving an over 20% year-over-year increase in our brand advertising revenue. E-commerce In the interest of fostering long-term trust among consumers and merchants on our platform, we have taken various initiatives, including building merchandise infrastructure and enhancing our ecosystem governance. These efforts are intended to develop a worry-free "trust-based community" for merchants and consumers. In the fourth quarter of 2022, the disruptions in merchandise supply and fulfillment caused by the pandemic challenged the traditional e-commerce peak season. We responded swiftly to ensure logistics capacity and the availability of e-commerce streamers. These actions, coupled with our algorithm-based and targeted promotions, minimized the pandemic's impact on user experience. As a result, our e-commerce GMV maintained fast growth in the fourth quarter of 2022, up 30% year-over-year, successfully taking our full-year e-commerce GMV beyond RMB900.0 billion. On the supply side, we focused on long-term initiatives, including merchant operations, brands, and merchandise infrastructure. We continued to onboard new merchants with an emphasis on growing the number of high-quality active merchants. We upgraded our "service provider team" to our "merchant development department" by integrating the capabilities of our service providers and our products and traffic capabilities to provide a one-stop service for merchants, especially high-potential small and medium-sized merchants that need support, helping them make a smooth transition from cold starts to sales ramp-up. We updated our store scores system based on merchandise quality, logistics timeliness, and service competencies, to better identify high-quality merchants for traffic support and more refined tiered operations. Furthermore, we continued to strengthen the relationship modeling between long-term high-value users and merchants through algorithms, which significantly contributed to the increase of the overall GMV. At the same time, we further improved the accuracy of merchandise recommendation and matching, and the live streaming GPM of public domain traffic in the fourth quarter of 2022 continued to maintain a rapid year-on-year growth. As a result, the number of monthly active merchants grew by over 50% year-over-year in the fourth quarter of 2022, while the average monthly unit store sales of leading merchants increased by double digits year-over-year. We achieved strong progress in brand e-commerce in the fourth quarter of 2022 on the back of grand sales promotions in the quarter. Leveraging high-quality public domain traffic and the trust-based private domain in our dual-engine model, we established an end-to-end path from "recommendation" to "transaction", driving consistent growth in brand GMV, including Kwai Brands (快品牌). Overall brand GMV grew at an accelerated pace quarter-over-quarter and its share of our total e-commerce GMV expanded further to almost 30% in the fourth quarter of 2022. For Kwai Brands, we focused on the development and support of high-quality Kwai Brands and launched our Super Kwai Brands (超級快品牌) event to increase brand exposure, and reinforced brand awareness through integrated online and offline activities. As a result, Kwai Brands delivered GMV growth of over 80% year-over-year during the November 6 Grand Promotions. We also set up a disqualification system for lower performers to make sure Kwai brands are able to continue to provide high quality products and services. As a result, Kwai Brands achieved better results in its return and repeat purchase rates compared with the overall platform in 2022. For more established brand merchants, in the fourth quarter of 2022, we fully harnessed our high-quality KOL resources and helped refine their product and content operations to better cater to our ecosystem and users. This fostered more blockbuster products and facilitated deeper connections with brand followers, altogether resulting in a dual surge in the brands' share of voice and share of sales. In the fourth quarter of 2022, the number of brands with sales above RMB100.0 million increased by over 50% year-over-year, demonstrating growing recognition of Kuaishou's user value and unique e-commerce ecosystem. In 2022, the number of brand merchants maintained rapid growth, and more than 90% of these merchants were active brand merchants. To further strengthen our merchandising capabilities, we continued to increase the accuracy, diversity, and coverage of product labels, gaining deeper insights into merchandise pricings, brand attributes, and transaction trends. At the same time, we profiled "good merchandise" for Kuaishou users based on users' needs before, during, and after sales. We continually optimized the system from the moment the merchandise landed on our platform, providing relevant, reliable, and high-quality information to elevate users' shopping experience. We also incorporated merchandise characteristics into our algorithm-based recommendation system to enhance user-merchandise matching efficiency and users' product awareness, further fortifying their shopping mindsets. On the consumption side, we improved user conversion efficiency by refining our user operation strategies and consistently optimizing our subsidy promotion based on algorithm. In these efforts, we benefitted from our efficient identification of potential consumers. In the fourth quarter of 2022, monthly active paying users increased further year-over-year and quarter-over-quarter, representing a penetration rate of high double digits. Monthly purchase frequency also improved quarter-over-quarter, while average order value expanded year-over-year and quarter-over-quarter. Moreover, our user review system gradually matured. With an increased weight of user satisfaction metrics in our algorithms, we achieved a consistent decline in negative merchandise feedback and customer complaint rates (CCR), demonstrating notable improvements in the e-commerce shopping experience with us. In addition, upholding the standard of "reliable quality and worry-free after-sales services", we have rolled out over 20 consumer rights and interests protection services on our platform. Meanwhile, our coverage of e-commerce orders with trusted-purchase and other protections grew by 460% compared with 2021. Live streaming In the fourth quarter of 2022, live streaming revenue increased by 13.7% year-over-year to RMB10.0 billion, reaching a historical high. Average MPUs for live streaming grew by 20.4% year-over-year to 58.4 million. Our efforts to consistently diversify our content offerings, optimize our live streaming ecosystem, and iterate our algorithms propelled these achievements. We continued to strengthen our cooperation with top talent agencies and streamers while attracting more high-quality streamers to join our platform. We also launched a recruitment policy to sign up top-notch streamers and promote the development of live streaming as a profession. To enrich high-quality live streaming content supply in various verticals on our platform, we introduced vertical programs in folk music, opera, and dance in our annual live streaming ceremony. Importantly, we have attached increasing importance to the healthy and sustainable development of our live streaming ecosystem. For example, through the Top 100 Streamer Selection, we encouraged leading streamers from all walks of life to continue providing users with high-quality live streaming content. We also skewed our traffic support to accelerate growth and improve the retention for new streamers, while guiding the traditional KOLs to further enhance content quality. Through refined recommendations and algorithms, we improved the conversion of users' rewarding behavior in the public domain based on the generalized modeling of users' gifting interests, growing our public domain live streaming revenue by over 150% year-over-year in the fourth quarter of 2022. In addition, we made continuous efforts to expand live streaming usage scenarios and build associated infrastructure to better satisfy users' and business partners' needs. In the fourth quarter of 2022, average daily resume submissions on Kwai Hire (快聘) more than doubled compared with the first quarter of 2022. Meanwhile, cumulative transactions volume on Ideal Housing (理想家) exceeded RMB10.0 billion just half a year after its launch. Overseas In terms of our overseas business, we continued to focus on developing our markets in key countries, optimizing resource allocation and elevating operational efficiency. These efforts helped us further improve the bottom line of our overseas business. In addition to optimizing our customer acquisition costs across all channels, our overseas user base achieved healthy, steady growth. Through rich, constructive content offerings, we built user mindsets for consuming news on our platform, as well as short plays and other content verticals in which we excel. Moreover, we kept upgrading our products and algorithms to further strengthen user engagement, with average daily time spent per DAU growing to over 65 minutes in our overseas markets. We also steadily improved our commercial ecosystem and enhanced our monetization capabilities, leading to rapid revenue expansions in the overseas markets. On the advertising front, we constantly created success cases and expanded our advertiser base. Through refined customer operations, we empowered advertisers to broaden their brand influence and achieve more growth upside. In terms of live streaming, we onboarded more streamers and talent agencies, which enriched our content offerings and deepened our live streaming penetration. Meanwhile, we continued to grow our live streaming revenue via refined operations and diverse operational activities. Additionally, we have been actively exploring e-commerce opportunities in the overseas markets. Corporate social responsibilities Leveraging our advanced short video and live streaming capacity, as well as our equitable traffic allocation mechanism, Kuaishou has built an inclusive, trust-based digital community for hundreds of millions of users, empowering participants from all walks of life to explore new usage scenarios, new opportunities, and new business models, advancing the integration of digital technology and the real economy, and facilitating the development of the digital economy and Digital China. Since we commenced its operation in 2021, Kwai Hire has reinvented a trust-based recruitment process and a live streaming recruitment model, connecting job seekers and enterprise recruiters on our digital-native platform. Benefiting from matching efficiency and premier user experience unique to an online recruitment model, live streaming recruitment has become a major recruitment channel for enterprise recruiters and blue-collar job seekers in Kunshan, Jiangsu Province. Kwai Hire has formulated a new Kunshan Model (昆山模式) of live streaming recruitment, combining core features of "digitalized human resources service", "digitalized enterprise recruitment process", and "digital empowerment by platform". Business outlook Looking ahead, we will continue making strides in upgrading our infrastructure, algorithms, usage scenarios and the multiple growth engines of our business, in tandem with our endeavor to further optimize cost structure and improve our operating efficiency. We are confident that our efforts to create value for all our ecosystem participants, with our inclusive and balanced traffic distribution strategy, will draw more users and creative talents to our platform, as such taking our unique, trust-based user and content community to new heights. With continual enhancements to our user experience and commercial ecosystems, we look forward to further unlocking major monetization opportunities fostered by the massive scale of our traffic in both our private and public domains, our strong user engagement, high e-commerce repeated purchase rates at our platform, and our superior advertising conversion performance. In 2023, through relentless efforts to meet the needs and even exceed the expectation of our users and achieve better returns for our business partners, we will strive to strengthen our market position in online marketing and e-commerce, while creating additional shareholder value through improved monetization and efficiency enhancement measures that drive sustainable profitability over the long-term. About Kuaishou Kuaishou is a leading content community and social platform with its mission to be the most customer-obsessed company in the world. Kuaishou has relentlessly been focusing on serving its customers and creating value for them through the continual innovation and optimization of its products and services. At Kuaishou, any user can chronicle and share their life experiences through short videos and live streams and showcase their talents. Working closely with content creators and businesses together, Kuaishou provides product and service offerings that address various user needs that arise naturally, including entertainment, online marketing services, e-commerce, online games, online knowledge-sharing, and more. Forward-Looking Statements Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "might", "can", "could", "will", "would", "anticipate", "believe", "continue", "estimate", "expect", "forecast", "intend", "plan", "seek", or "timetable". These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include our business outlook, estimates of financial performance, forecast business plans, growth strategies and projections of anticipated trends in our industry. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, many of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in the future. Underlying these forward-looking statements are a large number of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstance occurring after the date of this press release or those that might reflect the occurrence of unanticipated events. For investor and media inquiries, please contact Kuaishou Technology Investor RelationsEmail: email@example.com CONDENSED CONSOLIDATED INCOME STATEMENT Unaudited Audited Three Months Ended Year Ended December 31, September 30, December 31, December 31, December 31, 2022 RMB'000 2022 RMB'000 2021 RMB'000 2022 RMB'000 2021 RMB'000 Revenues 28,292,284 23,128,413 24,430,260 94,182,522 81,081,513 Cost of revenues (15,415,716) (12,425,410) (14,281,697) (52,051,359) (47,051,808) Gross profit 12,876,568 10,703,003 10,148,563 42,131,163 34,029,705 Selling and marketing expenses (9,739,839) (9,130,341) (10,229,580) (37,120,984) (44,175,898) Administrative expenses (1,034,485) (1,059,353) (919,756) (3,921,001) (3,400,316) Research and development expenses (3,445,952) (3,533,090) (4,016,063) (13,784,176) (14,956,247) Other income 450,616 687,184 222,516 1,547,498 1,026,742 Other (losses)/gains, net (350,201) (279,595) (995,834) (1,410,452) (225,251) Operating loss (1,243,293) (2,612,192) (5,790,154) (12,557,952) (27,701,265) Finance income/(expense), net 106,772 68,258 (56,730) 165,574 (38,536) Fair value changes of convertibleredeemable preferred shares - - - - (51,275,797) Share of losses of investments accounted for using the equitymethod (26,585) (31,386) (24,771) (138,683) (86,658) Loss before income tax (1,163,106) (2,575,320) (5,871,655) (12,531,061) (79,102,256) Income tax (expenses)/benefits (383,908) (137,081) (331,088) (1,158,299) 1,025,155 Loss for the period (1,547,014) (2,712,401) (6,202,743) (13,689,360) (78,077,101) Attributable to: — Equity holders of the Company (1,547,078) (2,713,263) (6,202,042) (13,690,732) (78,073,643) — Non-controlling interests 64 862 (701) 1,372 (3,458) (1,547,014) (2,712,401) (6,202,743) (13,689,360) (78,077,101) CONDENSED CONSOLIDATED BALANCE SHEET Audited As of December 31, 2022 RMB'000 2021 RMB'000 ASSETS Non-current assets Property and equipment 13,214,811 11,050,654 Right-of-use assets
CNN's Growing Bangladesh spotlights the innovators at the frontline of the country's sustainable growth
A week of special coverage airs March 27-31, with a 30-minute program airing April 1 HONG KONG, March 29, 2023 /PRNewswire/ -- In a brand-new 30-minute program, CNN's Growing Bangladesh explores how the country is gearing up for sustainable growth – both economically and environmentally. The low-lying nation is one of the most climate-vulnerable in the world, and its changemakers are finding localized solutions for Bangladesh's challenges, from flood-proof homes to solar-powered pay-as-you-go microgrids. CNN’s Growing Bangladesh spotlights the innovators at the frontline of the country’s sustainable growth CNN first meets Marina Tabassum, an award-winning architect with landmark designs such as Bangladesh's Museum of Independence Monument. Tabassum bases most of her projects in her home country of Bangladesh, drawing from the country's rich history, culture, and needs – with a focus on creating better homes and lives for Bangladeshi people. Standing at the frontline of climate change mitigation, she is developing flatpack bamboo homes for those affected by flooding. Her work aims to make a difference and embrace social responsibility, while celebrating the heritage of her home country. With nearly 50 percent of Bangladesh's population employed in agriculture, and more than 70 percent of its land used for farming, Fahad Ifaz and his friends knew that this was a core sector worth transforming. They founded iFarmer in 2019, which aims to increase farmers' income and productivity by providing bundled services for finance, timely advisories, education, modern farming technology, and access to inputs and the right markets. With more than 87,000 farmers registered on the platform, the company has revolutionized the agricultural sector in Bangladesh by facilitating more than $19 million in funding support for farmers across the country and helping to sell nearly 190,000 tons of produce. CNN then speaks to Salma Islam, head of projects, fundraising and communications at SOLshare, a startup hoping to kickstart the electric vehicle (EV) revolution in Bangladesh, with the country aiming to cut transport emissions by 3.4 million tons CO2eq by 2030 to combat pollution in Dhaka. SOLshare is hoping to upgrade Bangladesh's 2.5 million-strong fleet of three-wheelers, by swapping old lead-acid batteries for more efficient, lighter, lithium-ion ones. The company is bringing clean energy to rural communities, too, by connecting home solar systems to a neighborhood energy network. The company is backed by Sonia Bashir Kabir, the founder and managing director of venture capital fund SBK Tech Ventures. With her finger on the pulse of Dhaka's flourishing startup scene, Kabir focuses on ideas that have the potential to positively impact the masses. Bangladesh's readymade garment industry is one of the largest in the world, and local designer Rokaiya Ahmed Purna wants to revolutionize this by unleashing the country's creativity. Purna's "Design in Bangladesh" platform will launch later this year, funded by the profits from the sales of a vegan leather sneaker she designed in collaboration with German footwear brand EKN. The sneaker takes inspiration from the jackfruit tree in her childhood home, and Purna claims that this product is the first to be designed in Bangladesh and made in Europe. Purna's platform will give opportunities to Bangladeshi designers, and she hopes that this can show the world the country's creative flair and get international recognition for the nation's designs. CNN also talks to Taslima Miji, founder of leather goods manufacturer Leatherina. The company designs many of their bags in-house and is committed to making a difference in the leather industry by sourcing responsibly and cutting waste. Miji tells CNN that the company is also focused on empowering women in the workplace with ethical and socially inclusive policies that supports and empowers its largely female workforce. Growing Bangladesh trailer: https://bit.ly/40CVQAV Growing Bangladesh images: https://bit.ly/3JYiHRZ Airtimes for 30-minute special: Saturday, 1st April at 1:30pm and 11pm HKTSunday, 2nd April at 9:30am HKTMonday, 3rd April at 4:30am HKT About CNN International CNN's portfolio of news and information services is available in seven different languages across all major TV, digital and mobile platforms, reaching more than 475 million households around the globe. CNN International is the number one international TV news channel according to all major media surveys across Europe, the Middle East and Africa, the Asia Pacific region, and Latin America and has a US presence that includes CNNgo. CNN Digital is a leading network for online news, mobile news and social media. CNN is at the forefront of digital innovation and continues to invest heavily in expanding its digital global footprint, with a suite of award-winning digital properties and a range of strategic content partnerships, commercialised through a strong data-driven understanding of audience behaviours. CNN has won multiple prestigious awards around the world for its journalism. Around 1,000 hours of long-form series, documentaries and specials are produced every year by CNNI's non-news programming division. CNN has 36 editorial offices and more than 1,100 affiliates worldwide through CNN Newsource. CNN International is a Warner Bros. Discovery company.
Ragnarok Origin achieved 8,000,000 pre-registration milestone! Official Launch to commence on April 6th, along with the release of ROO Ambassadors TVC
SINGAPORE, March 29, 2023 /PRNewswire/ -- Ragnarok Origin returns with a fresh, new version, bringing back memories of youth! Ragnarok Origin by Gravity Game Hub reached 8 million pre-registrations within weeks! In honour of this accomplishment, it was announced that the official launch will commence on April 6th, launching across multiple platforms - iOS, Google Play, Huawei AppGallery, OPPO App Market, and the official PC client. Players will be able to pre-install the client on April 6th at midnight to gain instant access to the Midgard continent once the servers go live! Ragnarok Origin achieved 8,000,000 pre-registration milestone! Official Launch to commence on April 6th, along with the release of ROO Ambassadors TVC! Ragnarok Origin stays true to the classic "Ragnarok Online" gameplay by flawlessly recreating the mystical landscapes of the Midgard continent while re-introducing the six classic classes and the job system. Furthermore, the game departs from conventional MMO gameplay and explores an innovative gameplay style. The AFK leveling and card system provides players with an enjoyable and relaxing leveling journey. With fashionable outfits, customizable characters, and adorable pets and mounts, players can look forward to a fun, unique gaming experience. Official Launch of Ragnarok Origin coming soon; Ambassadors' TVC to be released! In addition to the announcement of the official launch date for Ragnarok Origin, GGH has unveiled an exclusive TVC featuring the game ambassador, Yassi Pressman. Check out the game's sneak peek here! https://youtu.be/RtOtDPqvnBE Yassi Pressman is a celebrity in The Philippines who has a strong influence in modeling, acting, singing, and gaming. With over 20 million followers on social media, she is an avid gamer, and has even founded her own gaming guild. As the ambassador for The Philippines, she will join adventurers in embarking on a new journey in Ragnarok Origin. Official Launch of Ragnarok Origin coming soon; Ambassadors’ TVC to be released! Ragnarok Origin TVC featuring Yassi Pressman is presented by the same production crew that produced the original Ragnarok Online TVC. The video shows a recreated Izlude Bar and Yassi Pressman as a wizard reunited with her old friends who used to play Ragnarok Online together. They are seen fighting against Baphomet in the Midgard continent, where the camera later pans out to view the players' realistic and immersive surroundings, decorated with RO elements. Ragnarok Online has connected adventurers from all over the world to interact with one another and to create many unforgettable memories together, similar to "First Love". Ragnarok Origin has been developed with this concept of "First Love". For returning players, the developers hope that "First Love" will provide new encounters and new experiences for both fresh and veteran players. Official Launch of Ragnarok Origin coming soon; Ambassadors’ TVC to be released! Pre-registration is ongoing, Lucrative rewards await! The Ragnarok Origin official launch is coming soon, and many activities await adventurous players! The events lined up for this festive season are open to all RO players, and will definitely bring back memories. All players should install the client beforehand while waiting for the server to go live. The pre-registration event for Ragnarok Origin is still ongoing, with tons of prizes to be won! Pre-register through Ragnarok Origin's official website today and stand a chance to walk away with some attractive rewards! Pre-registration is ongoing, Lucrative rewards await! To stay updated on the latest news and events on Ragnarok Origin, be sure to follow our official Discord community and Facebook page! Facebook: https://roo.pub/3z1VSXoDiscord: https://roo.pub/3lBK3nAPre-registration Link: https://roo.pub/3LJzFok About Gravity Game HubEstablished in 2021, Gravity Game Hub (GGH) Pte Ltd is a game publisher and developer focusing on online and mobile games. Gravity Game Hub is committed to delivering an interactive gaming experience and creating a dynamic community for all players in South East Asia.
The Embodiment of Nature's Strength "Igneous" Arrives in Black Desert Mobile
SEOUL, South Korea, March 29, 2023 /PRNewswire/ -- Pearl Abyss announced today that the new class "Igneous" has arrived in Black Desert Mobile. The arrival of the new class brings with it an array of events to celebrate his appearance. The Embodiment of Nature’s Strength “Igneous” Arrives in Black Desert Mobile Wizard awakens to become Igneous, the embodiment of nature's strength who has reached the pinnacle of magic. He possesses an ability to use the elemental powers of "Marg," the Fire Guardian, and "Arne," the Water Guardian. With the "Godr Sphera" as his Main Weapon, and the "Elemental Grimoire" as his Sub-Weapon, Igneous uses elemental power to trap enemies and strike them down with blazing fires. His elemental magic is capable of restricting enemy movement and attacks while deploying massive area-of-effect attacks to easily overcome multiple foes. Igneous starts with 4 active skills and learns additional skills by leveling up. His most deadly skills are as follows: Aqua Jail Explosion: Igneous creates a barrier of ice-cold water to trap and overwhelm enemies. Calamity: Igneous unleashes his rage onto a wide area with burning flames. Bolide of Destruction: Igneous summons a powerful fireball and hurls it to the ground. No enemies shall remain where it drops. Savantgarde: Igneous remains calm and collected amidst an inferno of rage to maintain control of the battlefield. A variety of events have begun to celebrate Igneous' arrival in Black Desert Mobile, including daily missions and special log-in events. Moreover, Adventurers can receive "Igneous' Arcana" from their in-game mailbox every day until April 10. This and other items can be exchanged for Sun Crystals, Dimensional Fragments, and Shadow Knots. Visit Black Desert Mobile's official website for more information. Watch the Igneous' video: Trailer: https://youtu.be/MvzAOJKb9VA Combat showcase: https://youtu.be/6OK1lY6g8RQ Preview: https://youtu.be/lph8CvvkRV8 About Black Desert IP The Black Desert IP is Pearl Abyss' open-world action MMORPG franchise with cutting-edge visuals and skill-based combat that redefines the genre. With the most developed character customization system of any game currently on the market, users can break out of the norm and make unique characters that truly represent themselves. Its intuitive controls, beautifully designed world, and extensive lore will excite both newcomers and veterans of MMO games and action RPGs. Pearl Abyss is currently servicing the Black Desert IP, which has gained 50 million players across the world on PC, mobile, and console.