will – 第 6 页

JCN Newswire

Honda and Hanwa Establish Strategic Partnership for Stable Procurement of Essential Metals

September 7, 2022

TOKYO, Sep 7, 2022 - (JCN Newswire via SEAPRWire.com) - Honda Motor Co., Ltd. (Honda) today announced that it has established a strategic partnership with Hanwa Co., Ltd. (Hanwa), a major Japan-based trading company, toward stable procurement of essential metals for batteries necessary for its electrified vehicles. To realize carbon neutrality for all of its products and corporate activities by 2050, Honda is striving to make battery-electric vehicles (EVs) and fuel cell electric vehicles (FCVs) represent 100% of its global vehicle sales by 2040. Toward this target, Honda is planning to launch 30 EV models globally by 2030 with production volume of more than 2 million units annually.For steady execution of its electrification strategy, Honda established a strategic partnership with Hanwa, a major trading company that has strengths in the field of resource procurement. Through this partnership, Honda will ensure stable procurement in the medium to long term, of essential metals necessary for batteries such as nickel, cobalt and lithium, positioning the mined resources secured by Hanwa at the core. Honda will continue working with a wide range of suppliers to ensure stable supply of necessary resources, that will enable Honda to steadily execute its electrification strategy leading to the realization of Honda's carbon neutrality goal. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Dammam Valley/KSA to acquire the majority of Arcensus GmbH/Germany to accelerate the global implementation of Whole Genome Sequencing in genetic diagnostics and delivery of breakthrough technologies in genomic bioinformatics

September 6, 2022

ROSTOCK, Germany & DAMMAM, KSA, Sep 5, 2022 - (ACN Newswire via SEAPRWire.com) - Dammam Valley in partnership with other investment partners, announce to acquire a majority stake in Arcensus GmbH/Germany. Arcensus, founded by Dr. Arndt Rolfs, a multi-entrepreneur in biotechnology, CEO and founder of several innovative biotech companies, is a digital health and diagnostics company providing comprehensive genomic diagnostic services based on Whole Genome Sequencing.With a cross-functional, international team of geneticists, medical experts and data scientists, Arcensus, one of the world's most innovative genetic biotechnology companies, offers its knowledge and bioinformatic expertise in genomic interpretation together with cutting-edge medical and preventive health applications. The management of Arcensus is convinced that with the worldwide implementation of Whole Genome Sequencing as the first line of genomic testing, the genomic era will start quickly and will conquer the molecular medicine market in a short time.The initiative for the take-over comes from the Kingdom's aim to improve the global speed in implementing genomic testing for the early diagnosis of genetic diseases, mainly in cancer and rare genetic disorders. The financial investment led by Dammam Valley will allow Arcensus to speed up the penetration of the worldwide markets with its innovative solutions. It will be the backbone for developing a comprehensive multi-omic strategy.Dr. Abdulrahman Al-Olayan, CEO of Dammam Valley said, "This is an important step in our global healthcare strategy for KSA, as we believe that the early diagnosis and preventive testing based on real-life genomic expertise with Whole Genome Sequencing is a key ingredient to accelerate the development of, and access to, new future treatments. As a leading technology company in genomic testing, Arcensus GmbH, founded by the visionary multi-entrepreneur, Dr. Arndt Rolfs, is best positioned to provide a deep understanding of bioinformatic technologies and data analytics infrastructure needed not only for the Kingdom of Saudi Arabia but for medical research and development efforts across the globe. A key principle of this is to preserve Arcensus' autonomy. We are delighted that the founder of Arcensus, Dr. Arndt Rolfs, will continue to manage operations, sit on the board and remain a significant shareholder."Dr. Arndt Rolfs, Arcensus founder and CEO, said, "Dammam Valley will be a tremendous partner for the global expansion to us and shares our vision for building a worldwide healthcare platform in modern preventive medicine as well as early diagnostics of all genetic diseases. This important partnership will allow us to increase the investments in our modern technology and services platform, as well as our knowledge-based data extraction of the genomic data."Under the terms of the agreement, Dammam Valley along with other investors will make a double-digit million Euro payment on a fully diluted basis. The parties agree Arcensus to continue its current business model, a network of partnerships and overall objectives following the transaction's closing. The integrity of the proprietary patient data will be maintained, as will the dedicated sales, marketing, and life sciences business activities.About Dammam ValleyEstablished in 2021, Dammam Valley is a semi-government Investment company, solely owned by Imam Abdulrahman bin Faisal University, and with a raised capital of 100,000,000 SAR. It strives to be a source and destination for biotechnology innovation and healthcare in the Middle East and is the Nation's premier hub for evaluating and incubating biotech innovations. Aiming to stimulate investment, support projects, and forge quality partnerships in the fields of Health & Biotechnology, in addition to focusing on numerous other sustainable investments in various fields of interest.About ArcensusArcensus is a digital healthcare and diagnostics company that empowers people to take control of their health. The company provides the highest-standard, secure, trusted, and comprehensive diagnostic service based on Whole Genome Sequencing. Arcensus analyses the complete genetic information in human DNA and identifies the predispositions and reasons for unclear symptoms with the help of cutting-edge bioinformatic technology, including artificial intelligence. The interpretation of the genomic data suggests better treatment options and helps individuals take preventive measures to live a healthier and longer life.From our offices in New Jersey - United States, Rostock and Berlin - Germany, a cross-functional team of genetic experts, medical doctors, and data scientists works to make the most sophisticated and best genetic interpretation with medical and health prevention applications accessible to everyone. For more information, visit https://arcensus-diagnostics.com/.Important Notice and DisclaimerThis press release contains "forward-looking statements" within the meaning of the U.S. federal securities laws. Statements contained herein that are not clearly historical in nature are forward-looking, and the words "anticipate," "believe," "continues," "expect," "estimate," "intend," "project," and similar expressions and future or conditional verbs such as "will," "would," "should," "could," "might," "can," and "may," are generally intended to identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties, and other important factors that may cause Arcensus' actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, negative worldwide economic conditions and ongoing instability and volatility in the worldwide financial markets, the effects of the COVID-19 pandemic on our business and results of operations, possible changes in current and proposed legislation, regulations and governmental policies, pressures from increasing competition and consolidation in our industry, the expense and uncertainty of regulatory approval, including from the U.S. Food and Drug Administration, our reliance on third parties and collaboration partners, including our ability to manage growth and enter into new client relationships, our dependency on the rare disease industry, our ability to manage international expansion, our reliance on key personnel, our reliance on intellectual property protection, fluctuations of our operating results due to the effect of exchange rates, our ability to streamline cash usage, our requirement for additional financing and our ability to continue as a going concern, or other factors.Contact information:Arcensus GmbHAhmad Malik Communication ManagerTel: +49 381 20267000 Email: Ahmad.malik@arcensus-diagnostics.com Dammam Valley Dalal AlsarawiCommunication ManagerTel: 013 333366Email: dalal.alsarawi@dammamvalley.sa www.dammamvalley.saThis press release is issued through EmailWire(TM) (www.emailwire.com) - the global newswire service that provides Press release distribution with guaranteed results. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

JCN Newswire

TOYOTA GAZOO Racing going for gold in Greece

September 2, 2022

TOKYO, Sep 2, 2022 - (JCN Newswire via SEAPRWire.com) - The TOYOTA GAZOO Racing World Rally Team aims to return to the top step of the podium on the legendary Acropolis Rally in Greece on September 8-11, round 10 of the 2022 FIA World Rally Championship.2022 GR YARIS Rally1 HYBRIDMap Acropolis Rally Greece 2022The Acropolis returned to the WRC calendar in 2021, having been an almost permanent fixture up until 2013 with a reputation for rocky mountain roads and high temperatures which combine to create a tough challenge for the cars, tyres and drivers.Kalle Rovanpera, who won the event at the first attempt last year, has a lead of 72 points with four rounds remaining and the possibility to write his name in history in Greece if he can finish the rally on the podium, depending on others' results.After finishing second last time out in Belgium, Elfyn Evans is third in the standings and one of those also still in contention for the drivers' title. Following two podiums in the last two rounds, Esapekka Lappi will contest the Acropolis for the first time since 2014, while Takamoto Katsuta will make his event debut with TGR WRT Next Generation.This year's rally begins with a Thursday night superspecial stage in the Athens Olympic Stadium, which previously hosted the WRC in 2005/06. From there crews head directly west to Loutraki, ready for two passes of the stage of the same name on Friday morning, sandwiching a single pass of the adjacent Harvati. The afternoon journey north to the service park in Lamia includes three more stages: a tyre-fitting zone separates the new Dafni and Livadia tests, which are followed by Bauxites. Saturday consists of two loops of three stages west of Lamia and almost half of the rally's competitive distance. Pyrgos is the longest stage of the weekend at 33.2 kilometres and precedes the returning Perivoli and famous Tarzan test. On Sunday, Elatia-Rengini separates two passes of Eleftherohori, the second forming the rally-ending Power Stage.Quotes:Jari-Matti Latvala (Team Principal)"After being very close to the victory in the last two rallies, we go to Greece really wanting to win, but we know that it won't be easy on such a tough event. The Acropolis is a legendary rally and it's great to have it back on the calendar since last year. We saw that the gravel roads there are generally not quite as rough as they were in the past. This means that, although reliability is still really important, we also need to have a strong level of performance. Kalle took a great victory last year in difficult conditions and rain which is of course not typical in Greece. Repeating that will be difficult now he is running first on the road, especially as most of Friday's stages are run only once, but Kalle has been handling this challenge very well so far this season. Elfyn and Esapekka have also been very strong recently and hopefully they can continue in a similar way in Greece."Elfyn Evans (Driver car 33)"I'm looking forward to the Acropolis Rally. After the high-speed nature of Estonia and Finland, Greece will offer a very different challenge for a gravel rally. Sardinia was the last rough gravel event we had in Europe and we had quite a good feeling with the car there and good speed, even though we didn't get the result at the end of the weekend. There are still things we can improve, and hopefully we can pick up where we left off and keep making steps forward in Greece. Most likely it will be a hot and tough rally like the Acropolis is known for, but we saw last year with the rain that we can't be completely certain about the weather."Kalle Rovanpera (Driver car 69)"Belgium was a difficult weekend for us, so in Greece we just need to get back at the level where we should be and try to have a good rally. The championship is never over until it's over so we can't think about it too much: We're just trying to get good points from each event and control what we can. Greece was a really nice rally for us last year but our chances this time will probably depend a lot on the weather. If it's going to be dry then I think it's going to be really tricky for us to open the road on Friday. If so, it probably won't be much easier for our rivals just behind us, and hopefully we can still make the best of the situation."Esapekka Lappi (Driver car 4)"In Greece we will be going to something that's quite unknown for me. I did the rally once before in 2014 when it was a round of the European championship, but half of it was on asphalt then, so there will be a lot that's new to discover. But I had also not been to Ypres for eight years and we finished on the podium there. So we will try and aim for something similar again this time. We had good speed and a good feeling on similarly rough gravel roads in Sardinia, and hopefully we can find that again in Greece."Please visit www.wrc.com for the latest. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

SeaPRwire

Leading VC Firm, Black3Lab Capital Announces Investment in Ripe Web 3.0 Sectors

September 2, 2022

New York, NY, September 02, 2022 – (SEAPRWire) – Black3Lab Capital, a venture capital firm built to empower web 3.0 companies with potential for global mass adoption, has announced investments in ripe web 3.0 sectors. Black3Lab’s proposed $50 to $100 million fund will focus on building a genuinely feasible economy of web 3.0-fueled products and services for the global populace. In addition to investing in potentially productive web 3.0 sectors, Black3Lab will undertake the enterprise adoption of social media, gaming, and NFTs. At a recently concluded launch ceremony, co-founder of Black3Lab, Alex Chong, announced that the putative investment fund is in partnership with three famous partners. The Black3Lab fund will focus primarily on enriching projects with the potential to accelerate global adoption. “We are hyper-focused on web 3.0 companies with the suitable DNA to integrate with existing conglomerates with millions of customers for Black3Lab portfolio companies to tap. Ultimately, mass user adoption will allow web 3.0 platforms and projects to achieve explosive growth and sustainable revenue generation capabilities,” Alex Chong reveals. Unlike web 2.0, which gave rise to internet giants like Google, Apple, Facebook, etc., web 3.0 promotes user-centric ownership, harmonizing perfectly with human incentives. Speaking about the current web 2.0 internet phase and the rise of centralized tech giants, the co-founder of Black3Lab reiterated Alex Chong’s claims of web 3.0’s potential to deliver at least ten times the market opportunities of the former. “User-centric networks deliver significantly higher and more explosive growth than their centralized competitors. At the core, you can always find more favorable terms for users. Web 2.0 gave birth to a US$10 trillion market, and now web 3.0 has the potential to deliver ten times the market opportunities,” Candy states. The Black3Lab fund will incorporate a dynamic trading strategy that delivers consistent returns of over 30% to investors. Black3Lab Partners Per Alex Chong’s announcement at the launch ceremony held at the Peninsula Hotel, Hong Kong, on 18th August 2022, Black3Lab has partnered with notable media veterans like Bob. Bob led the global collaboration team of some of the biggest media tech companies. He also led Strategies and Partnerships at Forkast—a web 3.0 media ecosystem. Bob recapitulates Candy’s idea of user-centric ownership as the key to driving mass adoption in the emerging web 3.0 space. “Black3Lab Capital is notably unique: We exist not just out of the goal for strong financial returns but to foster the mass adoption of web 3.0 solutions. We believe user-centric ownership will be the key to unleashing the next-generation internet,” Bob says. About Black3Lab Capital Black3Lab Capital is a VC firm founded in Hong Kong. Black3Lab aims to empower web 3.0 companies with maximum potential for accelerated mass success, offering high returns to investors. The team comprises renowned enterprise founders, tech developers, VCs, media executives, and F&B entrepreneurs keen on introducing a more equitable, rewarding, and innovative internet economy. Social Contact Instagram: https://www.instagram.com/black3lab/ Media Contact Brand: Black3Lab Capital Contact: Alex Chong, Co-founder & Partner Email: info@black3lab.com Website: https://www.black3lab.com/ PR provider: https://finpr.agency SOURCE: Black3Lab Capital The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)

ACN Newswire

GOME Retail In 1H 2022 consolidated gross profit margin significantly increased to 19.8%, Cash flows from operating activities improved significantly and positively

September 1, 2022

HONG KONG, Sep 1, 2022 - (ACN Newswire via SEAPRWire.com) - GOME Retail Holdings Limited (HKEX Code: 493. HK, "GOME" or "the Company", and together with its subsidiaries, "the Group")announced its unaudited interim results during the six months ended 30 June 2022 (the "Reporting Period").The consolidated gross profit margin and operating cash flow improved significantly, and construction of the full retail ecological sharing platform has been completedIn 1H 2022, GOME continues to promote the implementation of the "Home . Living" Strategy, and based on the development philosophy from the platform perspective, users' perspective, and technology perspective, the Company created a "full retail ecosystem sharing platform" by establishing and integrating its six business platforms, namely "online platform, offline platform, supply chain platform, logistics platform, big data & cloud platform and sharing and joint development platform". The Group further promoted the grid-based model of "Home Living and Home Services" by implementing the core business strategies of entertainment-oriented marketing, low price, quality service, and technology, striving to meet the all-around consumption and service needs of family users.In the first half of the year, there are various lockdown and control measures in most regions affected by the recurring outbreaks of the pandemic in China, the momentum of economic recovery slowed down, and offline entities were disrupted significantly. And online business was also hit hard since the outbreak of the pandemic because of the disruption to the logistics service. However, with the gradual introduction of the national stimulus package, such as the stimulus to automobile consumption in June, or in July 13 departments including the Ministry of Commerce issued the "Several Measures on Promoting Green and Smart Appliance Consumption" to comprehensively promote the domestic green and smart household appliance consumption, would greatly benefiting the company's business recovery and significant growth in future. In 1H of 2022, the sales revenue of the Group was approximately RMB12,109 million, and the consolidated gross profit margin was approximately 19.81%, increasing substantially by 5.56 percentage points as compared to the corresponding period last year. The Group's operating expenses were approximately RMB4,839 million, which decreased by 3.10% as compared to the corresponding period last year. The Group's loss attributable to the owners of the parent was approximately RMB2,966 million. During the Reporting Period, the Group's cash flows generated from operating activities had significant improvement over the corresponding period last year, achieving a positive net inflow of RMB55 million.Focusing on the main business with a vertical model, reduce the burden in the second half yearThe field of household appliances is the traditional strength of GOME Retail, the Group's strategic focus in the coming period will focus on the main business with the vertical model. GOME will focus on retail sales of household appliances and consumer electronic products, based on the Company's years of experience in the retail field, relying on a large number of offline stores throughout the country and its existing supply chain and after-sales and other infrastructure, to form five main profit models: exhibition (offline boutique experience), marketing (online and offline omni-channel self-management + sharing supply chain), integrated solutions for home electronics products, extension products for wide scope home appliances and value-added services (delivery, after-sales, extended warranty, paid membership operation, etc.), in which the separation of exhibition and sales and adding the new offline display service charging model would benefit our revenue structure optimized. The effect of the transformation has been shown in the 1H 2022, the Group's consolidated gross profit was RMB2.4 billion, and the consolidated gross profit margin was approximately 19.81%, increased by 5.5 percentage points as compared to the corresponding period last year. By closing inefficient stores and expanding franchised stores, GOME will comprehensively optimize the store network layout, strengthening the cost reduction in the second half of the year. Maintaining the coverage of offline stores, the number of offline stores was reduced by 370, and the Company plans to close 30%-35% of inefficient businesses' self-operated stores in the future. Unrelated or loss-making businesses will be spun off, sold, or discontinued, and investment in expensive businesses will be gradually reduced. And since Q2, GOME has optimized personnel allocation, improved employees' quality and professionalism, and effective control the Company's salary costs.Offline stores optimized and upgraded, and the new model helps regain market shareThe Group will build an all-scenario and omni-channel provider of O2O appliances and consumer electronics retail by strengthening technology empowerment and comprehensively improving the operation quality of stores. While retaining 700 high-quality and efficient self-operated stores, the Group plans to add 100 superior city pavilions to optimize the grid-based model and improve the existing sales per unit area; with Gome's high-quality management model and supply chain, the Company will rapidly expand its network layout to cover the first to sixth tier cities nationwide with grid-based coverage to quickly regain its original market advantage.In addition, since July, stores in Chongqing, Wuhan, and other cities have begun to implement the new mode of operation. The new model stores will implement a separate exhibition and sales model to meet consumers' needs for a better product experience in reality. The new model stores focus on four dimensions: function, category, scenario, and sales per employee to provide customers with a more complete service experience. In terms of function, large stores and small stores focus on differentiation and further refinement of product categories; in terms of category, the Company focuses on high-end products and offline scenes of rigid demand to provide consumers with a more intuitive product experience; in terms of scenery, systematically planned store lines and more interactive demos display are used for specific products. Through single-brand multi-dimensional reuse enhancement, further improving efficiency and the sales model, will help to significantly improve sales per employee. The new model is expected to improve the sales per unit area and sales per employee of the stores by more than 40%.Comprehensive upgrade of supply chain model, empower quality productsTo enhance the selection and sales capacity of quality products, upgrading the supply chain model is an indispensable part. In the self-sourcing & underwriting custom model, based on the traditional supply chain, the Company will further increase the proportion of underwriting customization to achieve product differentiation and enhance the profitability of the supply chain. Further, the Company will deepen cooperation with suppliers, implement differentiation strategies, and more precise brand positioning; strengthen in-depth cooperation with head brands and enrich waist brands to empower the selection and sales of quality products and improve inventory turnover, which will be conducive to subsequent business development.Optimize asset structure, promote enterprise structure transformation and management upgradeTo increase the amount of tangible assets held by GOME, the Company acquired the property rights of two properties at a significant discount, GOME Commercial Capital and No. 9 Xiangjiang, which will be built as offline shopping and experience centers. The acquisitions will significantly improve the Company's asset adequacy ratio, enhance the confidence of financial institutions in supporting the Company's business, facilitate the Company's future refinancing and improve its core competitiveness.Moreover, to further professionally improve the profitability of the full-service closed loop of pre-sale, mid-sale, and after-sale and value-added services, the Company plans to acquire from the Controlling Shareholder part of the equity interest of Anxun Logistics at a substantially preferential price. Anxun Logistics has a competitive advantage in the field of large warehousing and distribution, which is a scarce advantageous asset in the market. Anxun Logistics' third-party business accounts for over 48% of its revenue and has good profitability and solid cash flow. It is expected to maintain an average growth rate of 20%-40% in the next five years and a net profit growth rate of over 40%. After the acquisition, it will become a new profit growth point for the Company.Strengthen technology empowerment and strategic cooperation, Actively take social responsibilityIn the first half of 2022, the Company entered into strategic cooperation with Huawei, Tencent, and Alibaba Cloud respectively, focusing on digitalization and big data/cloud for deep technology empowerment. The cooperation with Huawei focused on the digital enhancements of retail business. The strategic cooperation between the Company and Tencent covered big data & cloud, internet technologies, advertising and marketing, and smart stores. Reaching the strategic cooperation with Alibaba Cloud, the two parties will cooperate in the retail business, supply chain, marketing, operations, etc. By strategic cooperation with the top domestic Internet companies, and consolidating the resources and strengths of partners, technology empowers the actual business operation, will expedite the digital and intelligent transformation of approximately 4,000 stores of the Group in China, help to increase the overall scale of the Group, enable the Group to achieve low-cost traffic and precise marketing, enhance consumers' online and offline cross-scenario experience.During the Reporting Period, affected by the outbreaks of the pandemic, the Company is facing an uncertain external business environment. Nevertheless, the Group has always shouldered its social responsibilities by carrying out grid-based business management through its online platform "FUN" APP and offline network of approximately 4,000 GOME stores and developed the role of backbone enterprises internal and external. Internally, the Group strived to protect over 50,000 employees in 776 cities by implementing effective prevention and control measures. Externally, the Group was committed to securing stable supply and prices at all outlets and online platforms during the pandemic, ensuring healthcare products and daily necessities at normal prices. The Group took the initiative to maintain adequate supply and boost consumption during the pandemic by offering to deploy sufficient supplies to regions severely affected. Regarding outlook and prospects, the GOME management team said: "In the future, the Company will efficiently use the omni-retail ecological sharing platform, focus the vertical model on the main business and improve operational efficiency as the main strategic target in the next period, reorganizing the business segments and optimizing the asset structure, in order to cope with the impact of unfavorable market factors such as the pandemic, improve the profitability of the Company; using technological means to help the digital transformation of enterprises and improve consumer service experience. We will promote strategic focus in the existing development process, quickly realize the Company's operational elements, continue to improve operational efficiency, and enhance profitability. At the same time, strengthen interaction with external strategic partners, carry out more in-depth cooperation, and continue to empower each other in terms of goods, services, traffic, and technology, which is expected to achieve better profitability in 2023, reach the best level in history in 2024, and exceed the best level significantly in 2025."About GOME RETAIL HOLDINGS LIMITEDGOME RETAIL HOLDINGS LIMITED was listed on the Hong Kong Stock Exchange in July 2004 (Stock Code: 493HK). Founded in 1987 in China, GOME is a leading technology-driven, experience-based, entertainment-oriented, and socialized "Home . Living" technology retail service provider in China. Under the strategy of "Home . Living", GOME strengthens its technology empowerment and focuses on the retail of home appliances and consumer electronic products as its main business. Moreover, five main profit models have been formed: exhibition (offline boutique experience), marketing (online and offline omni-channel self-management + sharing supply chain), integrated solutions for home electronics products, extension products for a wide scope of home appliances, and value-added services (delivery, after-sales, extended warranty, paid membership operation, etc.).Please visit our website for more information: www.gome.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

JCN Newswire

Newly-established Center of Excellence hosts specialists to guide customers in seamless shift to modernized platforms

September 1, 2022

TOKYO, Sep 1, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu today announced a comprehensive update to bolster its modernization services offerings, boldly reimagining its approach for customers' existing information systems to realize their digital transformation (DX). Fujitsu will work with customers to visualize their current assets including business processes, data, applications, and IT infrastructure to design the ideal DX platform, while providing guidance in streamlining and modernizing systems.Figure 1: Strengthening ModernizationFigure 2: Process of modernizationTo launch this effort, Fujitsu is establishing a new center of excellence (CoE), the Modernization Knowledge Center, which will serve as a focal point for technical information and expertise essential for modernization. This center will begin offering support for customers in the Japan market from September 2022, with global service support to follow.With this move, Fujitsu demonstrates its commitment to delivering an optimal experience for customers with a comprehensive suite of modernization services, encompassing robust specialist support, bolstered by leading-edge technologies to help guide customers on their modernization journeys with confidence and peace of mind.Resilience and agility in information systems for an unpredictable eraAs companies continue to grapple with an increasingly challenging and unpredictable world, the pressure to adapt to changes with agility and resilience grows more intense along with the need to preserve business competitiveness and achieve sustainable management. Traditionally, information systems have been built for the public and financial sectors and for the separate operations that comprise a company's business activities, like production, distribution, sales, and accounting. In many cases, the lack of uniformity in techniques for building systems and data structures means that migration to modern systems can become time consuming, costly, and disruptive to businesses.Fujitsu has been working with customers to modernize legacy systems to overcome the "2025 Cliff" revealed by Japan's Ministry of Economy, Trade and Industry's DX Report.Fujitsu announced end of life and end of maintenance dates for mainframe and UNIX servers (1) as part of its Hybrid IT roadmap in February 2022. To guide its mainframe and UNIX server customers as they navigate the modernization of their systems, Fujitsu draws on end-to-end specialist expertise as well as its world-class technological capabilities in key areas including Computing, Networks, AI, Data & Security, and Converging Technologies to deliver robust, comprehensive modernization services.Fujitsu anticipates that 3,000 customers globally will use its Modernization Services, with 35,000 people engaged with delivering these capabilities, drawing from resources including Fujitsu's network of Global Delivery Centers by fiscal 2025.Strengthening modernization servicesFujitsu's modernization services consist of four key elements: (1) Business and asset visualization; (2) Grand design; (3) Comprehensive information system streamlining; and (4) Modernization. Fujitsu also provides technical assistance for customers who wish to modernize on their own.(1) Visualization of operations and assetsFujitsu leverages a range of process mining tools including "Celonis EMS" (2) and "SAP Signavio" (3) to visualize business processes, inventory master data, data through data analytics, and applications.For application visualization, Fujitsu will conduct structural analysis of applications, working asset analysis, similarity analysis, asset characteristic analysis, and system correlation analysis using its software map (4).(2) Grand DesignIn collaboration with Ridgelinez Ltd. (5) and consulting partners, Fujitsu will create a grand design using frameworks such as the TOGAF Standard (6), a standard of The Open Group, which is one of the methodologies for EA (Enterprise Architecture) (7).(3) Comprehensive information system streamlineSome information system assets are maintained and operated even though they are rarely used. Through visualization, Fujitsu can help customers strategically streamline operating systems assets.(4) ModernizationFujitsu will help modernize and systems by rehosting, rebuilding, conducting service migration, as well as leveraging a variety of tools for rewriting (including "PROGRESSION" (8)) along with other appropriate measures according to individual information system parameters within customers' assets. For IT infrastructure, Fujitsu will support the transition to public cloud and private cloud based on Fujitsu Uvance Hybrid IT offerings.Establishment of new CoE: "the Modernization Knowledge Center"The Modernization Knowledge Center was newly established on September 1st and will serve as a nexus for the collection of technical information and expertise related to modernization. The CoE offers customers access to resources essential to the modernization process, including technical information on mainframe UNIX server open systems, cross-enterprise and cross-industry migration best practices and experience, as well as other information on useful tools, services, and specialized partners.The CoE will draws on a full suite of capabilities and resources, to offer customers support including: (1) collection and organization of internal and external knowledge, (2) promoting information sharing, (3) collaboration with specialized partners that provide various tools and services, (4) providing support for business deals and technical matters, (5) providing feedback on knowledge gained through delivery practices, and (6) insights into the status of modernization of customer systems.(1) End of sales and end of maintenance for mainframe and UNIX servers: Sales of mainframes will end in FY2030 and maintenance will end in FY2035. Sales of UNIX servers will end in FY2029 and maintenance will end in FY2034.(2) "Celonis EMS": Celonis Execution Management System is a solution platform with process mining technology provided by Celonis SE, a cloud software vendor headquartered in Munich, Germany and New York, USA.[3) "SAP Signavio": The product brand name for the process management solution provided by SAP SE.(4) Software map: A mining technology that automatically discovers functional components that implement functions and roles for business, and a tool that visualizes the entire application based on the discovered functional components as a map, available for domestic users in the Japan market.(5) Ridgelinez Ltd.: Head Office: Chiyoda-ku, Tokyo; CEO: Toshiya Imai(6) The TOGAF Standard: The TOGAF Standard, a standard of The Open Group is a proven Enterprise Architecture methodology and framework used by the world's leading organizations to improve business efficiency. The Open Group is a global consortium that enables the achievement of business objectives through technology standards.(7) Enterprise architecture: A design method to create an efficient organization by standardizing and globally optimizing the allocation of resources, business procedures, and information systems of large companies and government agencies.(8) "PROGRESSION": A rewrite solution from Fujitsu North America, Inc.About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

SeaPRwire

LuckyBuy Introduces the New Solution for Acquiring Rare NFTs

August 31, 2022

New York, NY, August 31, 2022 – (SEAPRWire) – Recently, LuckyBuy has announced the release of their new solution for acquiring rare NFTs for users. The wild world of NFTs has taken the crypto world by storm over the past 12 months, and while they are not loved by everyone, they have caught the attention of most due to the sheer number and volume of projects that have sprung up in the space focus on. However the high cost of a single NFT discourages ordinary players. In the past, the scene of harvesting high-value NFTs and Cryptos in small amounts may only exist in a dream. LuckyBuy was launched in July, 2022, where the transparency and fairness could be 100% guaranteed, allowing users to harvest high-value NFT & Crypto by participating in the “Fair hunting” at the lowest price. As the first website to make high-valued NFTs more affordable to the public, LuckyBuy is offerring a solution to increase the liquidity of NFTs and lower the threshold of NFTs without high cost. “In web2.0, people used to win the mobile phone, toys, electrical appliances and other objects they wanted with 1 dollar or even less than 1 dollar. LuckyBuy’s business model has achieved great success in web2.0. Our product R&D department is the original team of this business model. As we didn’t see anyone or any products in web 3.0, we started to think: Why not do this in web3.0 ? Why not set off a revolution in this industry? ” Santos Mario, Lead Product Designer of LuckyBuy said, “The cheapest BAYC is north of $175762, LuckyBuy provides users with oppotunities to harvest high value with 0.1/1 USDT , which lowers the threshold and enables users to win rare NFT with low cost. More innovative gameplay will be constantly launched online and a large number of precious NFTs are upcoming. So it’s quite possible that there will someone get a BAYC for only 1U at LuckyBuy in the future.” With a healthier economic model, Web3’s LuckyBuy subverts the traditional mode. The more users participate in the lottery, the more TOKEN rewards they will receive. LuckyBuy attaches great importance to the contribution of each participant to the platform, all behaviors and contributions of participants will be recorded in the form of points. Lucky Genesis Pass will be released for the first time by the end of next month, which serves as the proof of early users, enabling them to share with the empowerment of the platform. Users with Lucky Genesis Pass will have the right to vote on community proposals, exclusive welfare bonus pool, priority to experience the function, bonus points, and get more airdrops and tokens in the future. LuckyBuy announced that the fund for its investment project with giants now in place. The fund is dedicated to improving product experiences for users and providing long-term, sustainable services. The long-term sustainable development is LuckyBuy’s ultimate goal, and thus they are putting double the effort into delivering value to all of users. Stay tuned for the brand new event of the platform. About safety Winner would obtain complete NFT without worrying about the transparency. Technically speaking, there are three stages of the process: First, After all codes are sold out, data will be translated to HASH and record on the blockchain, and the Random Number 1 is the decimal numbers of the last 8 digits of the hash according to SHA256.Second, the nonce of the 10th block on the Ethereum will be obtained by the system. Random Number 2 is the decimal numbers of the last 8 digits of this nonce.Finally, calculate the Lucky code according to the vertain algorithm (details on the offical website https://luckybuy.io). About LuckyBuy LuckyBuy is a web3-commerce platform with gaming element. Backed by blockchain technology and based on Multi Chains, allowing users to gain high-value NFT & Crypto by participating in the fair “treasure hunt” event at the lowest price. Social Links Discord: https://discord.gg/syUQrngncd Telegram: https://t.me/luckybuyio Twitter: https://twitter.com/LuckyBuy_io Media Contact Brand: LuckyBuy Contact: Media Team Email: business@luckybuy.io Website: https://luckybuy.io SOURCE: LuckyBuy The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)

ACN Newswire

HG Semiconductor Announces 2022 Interim Results

August 31, 2022

HONG KONG, Aug 30, 2022 - (ACN Newswire via SEAPRWire.com) - HG Semiconductor Limited ("HG Semiconductor", together with its subsidiaries, "the Group"; stock code: 6908.HK) is pleased to announce its unaudited consolidated results for the six months ended 30 June 2022 (the "first half of 2022" or the "Period"). Business ReviewDuring the Period, while developing its existing LED beads, the Group continued to expand its business presence in the third-generation semiconductor industry chain. In the first half of 2022, the economic situation in China was challenging due to the pandemic. Supply chains and manufacturing industry were hard hit by various pandemic precautions and control measures, including mandatory lockdowns. The Group's business was inevitably affected. Revenue decreased by approximately 42.4% to approximately RMB43.4 million during the Period (first half of 2021: approximately RMB75.3 million). The Group recorded a loss of approximately RMB51.5 million for the Period (first half of 2021: loss of approximately RMB41.2 million), mainly attributable to the decrease in revenue under the poor market environment with suppressed demand and delayed procurement plans from the Group's customers in China. Loss per share for the Period was approximately RMB9.14 cents (first half of 2021: loss per share of approximately RMB9.70 cents).The management of the Group revealed that since its gradual strategic transformation, the Group remained committed to accelerating its research and development ("R&D") efforts to rapidly expand into the third-generation semiconductor design and production markets, and to providing integrated solutions that offer higher efficiency and keener competitiveness in terms of system costs. The Group is determined to evolve as an integrated device manufacturing ("IDM") enterprise covering full-chain operation including R&D, manufacturing, packaging, testing and sales. Because of the extensive use of GaN in the fast-charging segment, the technology has steadily rolled out to electric vehicles, wireless charging, 5G infrastructure and other areas, pointing to great market potential in the future. The Group will continue to strengthen its business presence along the GaN industry chain, promote the rapid development of various businesses, and speed up GaN production capacity and swiftly move to a period of yielding returns on investment.Active Development of the New-Energy Vehicle and Fast-charging Pile Segment; Accelerated Development of the GaN BusinessDuring the Period, the Group strategically invested in multiple leading third-generation semiconductor enterprises in China and overseas, and actively entered into strategic and framework cooperation agreements, with the aim of leveraging its existing platform and resource advantages and to speed up R&D and the technological applications of GaN. Following the acquisition of GSR GO Holding Corporation (which is primarily engaged in R&D of fast-charging solutions for battery system) and its subsidiaries ("GSR GO Group") the previous year, the Group also focused on high-voltage new energy vehicles by investing in VisIC Technologies Ltd ("VisIC"), an Israel-based developer of GaN-related products, and also focused on consumer products by investing in GaN Systems Inc. ("GaN Systems"), a Canadian GaN technology leader. In the first half of 2022, the Group continued to seek cooperation with domestic and overseas enterprises in the GaN segment, and to develop GaN products alongside related sales and marketing.In March 2022, the Group entered into a strategic cooperation agreement with Cogobuy Group (stock code: 400.HK), a leading enterprise service platform in the integrated circuit industry. The aim of this cooperation includes helping the Group to sell its own chips in China, and to engage the two parties into a long-term strategic cooperation arrangement involving chip application and development. In addition, the Group entered into a strategic cooperation agreement with China Titans Energy Technology Group Co., Limited (stock code: 2188.HK) in May 2022. The two parties will jointly engage in R&D of next-generation fast-charging stations using third-generation semiconductor technology developed by the Group in the next three years, develop fast-charging pile services in Hong Kong, and jointly launch a fast-charging system solution. The Group also entered into a non-legally binding memorandum of understanding with GUH Holdings Berhad (stock code: 3247.KL). Through this cooperation, the Group will expand its sales of fast-charging batteries and GaN components to Malaysia and Southeast Asia with a view to increasing its sources of income.Actively Promoting GaN Site Testing and Positively Contributing to "Carbon Peak" and "Carbon Neutrality"The Group is committed to implementing a strategic transformation by actively developing its third-generation semiconductor business and has established a semiconductor production factory covering more than 7,000 square metres in the Xuzhou Economic and Technological Development Zone in Jiangsu Province, China. At the same time, the Group also owns an R&D centre in Shenzhen that enhances the design and production of materials and components. Alongside its entry into the third-generation semiconductor business last year, the Group is continuing to strengthen its R&D capabilities. During the Period, the Group has applied for the registration of five invention patents, one utility model and one appearance patent. All of the above patent applications have been accepted.Xuzhou GSR Semiconductor Company Ltd., a wholly-owned subsidiary of the Group, entered an important milestone during the Period by conducting the first publicised industry field trial of GaN with GaN systems in the power infrastructure of an internet data centre ("IDC"). The test results showed that the total energy consumption of IDCs could be reduced by 10%. Compared to traditional silicon-based power supplies, this is expected to yield power savings of up to 20%. This energy-saving result potentially increases the profit margins of IDCs, reduces operating costs and lowers energy consumption, supporting a sustainable future as the Group hopes to reduce the carbon footprints of IDCs. As part of the overall drive to achieve a green environment, the use of GaN power transistors for more energy-efficient power supply units and power modules offers a solid technical foundation for the high-quality, green development of IDCs, which also aligns with China's goal of "carbon neutrality".Focusing on R&D; World-class R&D Standards and the Management TeamWhile strengthening its R&D capabilities, the Group has continued to recruit cutting-edge talent and management expertise from the semiconductor industry to provide valuable guidance to its third-generation semiconductor business, and for strategic investment and development. During the Period, the Group's Global Strategic Advisory Committee was formally established. Members of the committee have extensive experience of the GaN semiconductor industry, as well as of strategic investment and development, to provide effective strategies and tactical advice to the Group. Furthermore, the Group engaged a number of experts in the semiconductor sector to manage its Xuzhou Factory and scientific research projects, giving strong technical support to its semiconductor product operations. Core experts include Dr. Chen Zhen, who is in the GaN semiconductor business, and Dr. Thomas Hu, in device design and technical manufacturing of GaN high-electron mobility transistors (HEMT), alongside Mr. Lu Ruilin and Mr. Min Junhui, who each have extensive experience in the semiconductor industry and of wafer fabrication technology and management. These experts bring years of experience in the fields of third-generation semiconductor production and management, mergers and acquisitions, investment, fund management and business administration, and are poised to lead the Group into a bright future.OutlookThe year 2022 has represented a crucial phase of industrial upgrading and the implementation of China's "dual- carbon" policy, with the semiconductor industry thus becoming a focus of attention. The Third-Generation Semiconductor Industry Development Report, issued by the China Advanced Semiconductor Industry Innovation Alliance, predicts that the market for third-generation semiconductor electronic devices in China will be worth nearly RMB20 billion in 2024, with a compound annual growth rate (CAGR) exceeding 40% in the next five years. Consulting firm Grand View Research predicts that the global GaN semiconductor device market will reach US$5.85 billion in 2027, with a CAGR of 20% from 2020 to 2027, as third-generation semiconductors boasting high efficiency and low power consumption become hot items. GaN, as a third-generation semiconductor material, has higher bandgap, and is the material with theoretically the highest enhancement of electro-optical and photoelectric conversion efficiency in theory.At present, third-generation semiconductor devices are moving rapidly into applications in new-energy vehicles, photovoltaic inverters, 5G base stations, power delivery and fast-charging, among other GaN devices are mainly used in 5G base stations. Thanks to the support of the "14th Five-Year Plan", led by the central government, the Group will further develop and explore third-generation semiconductor products, with a particular focus on GaN, and is committed to becoming an IDM enterprise specialising in third-generation semiconductors. Looking ahead, as the Group continues to expand its market presence in GaN, quality and efficiency improvements at related businesses along the industry chain will take place. The future of GaN business should be more than just promising. The Group will continue to promote the construction and commissioning of production lines at its Xuzhou Factory, which is currently undergoing renovation, and for which machinery is being purchased, with production expected to commence by early 2024. The Group will also strengthen its existing business and its R&D capabilities, and in the future, it will continue to cooperate with leading enterprises and attract more semiconductor industry talent to further accelerate R&D and expand the applications of GAN-related products.The management of the Group believes that the increasing popularity of electric vehicles in Mainland China and Hong Kong will provide a promising future for the development and commercialisation of the next generation charging piles in both jurisdictions. The Group will explore every opportunity to establish a strong foothold in the fast-charging battery solution business in both Mainland China and Hong Kong, aims to inject new life into its business development, and bring long-term returns to its shareholders, while at the same time pressing ahead with R&D and the manufacture of GaN-related products, aiming to be the industry leader in supplying third-generation GaN semiconductors to the Greater China market.About HG Semiconductor LimitedHG Semiconductor Limited (6908.HK) is principally engaged in semiconductor product business in China, including the design, development, manufacturing, subcontracting services and sales of light-emitting diode ("LED") beads, new generation of semiconductor gallium nitride ("GaN") chips, GaN components and related application products, as well as fast charging products. Leveraging its industry expertise in LED manufacturing, the Group is dedicated to accelerating its research and development and expansion in the application of GaN related products, with an aim to become a leading semiconductor company with the integration of design, manufacturing and sales of semiconductor chips, as well as providing total solutions with higher efficiency and competitive system cost. For more details, please visit www.hg-semiconductor.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

SeaPRwire

IT.com will showcase all the benefits of its registry at the top global domain event NamesCon 2022

August 30, 2022

The company will participate in-person at the leading professional domain conference NamesCon 2022, that will take place in Austin, Texas (USA), from August 31st to September 3rd inclusive, 2022. AUSTIN, Texas, August 30, 2022 – IT.com joins the agenda of this year’s NamesCon – the top global event for domain professionals – as a Diamond Partner, alongside GoDaddy. IT.com was acquired in 2021 for $3.8 million, marking it as the biggest domain sale of the year. It was purchased by UK-based Intis Telecom, which has been operating globally in the telecommunications and technology sphere for over 14 years, its operations spanning 180 countries across the globe. Now the company is offering the opportunity to purchase global domains within the ‘IT.com’ registry, providing all the benefits of ‘.com’ and beyond. At NamesCon 2022 IT.com will be represented by Joe Alagna, an industry expert, who was CentralNic’s General Manager for North American Markets for 12 years, and then worked for 101domain and the Afilias Registry. As IT.com advisor, he will deliver a keynote, providing in-depth information on the opportunities the new registry brings to the registrars, domain investors and businesses globally. He will show how it can help them to avoid the compromises often associated with regional or exotic domain names. Moreover, he will talk about the unique market propositions of IT.com, such as opportunities for Italian companies and the potential for exploring creative third-level domain cases. The conference is back offline and will be held as an in-person event for the first time since 2020. It will take place in Austin, Texas (USA), from August 31st to September 3rd inc. The IT.com keynote will be delivered on September 2nd from 11:35 to 11:55 CDT. You can register for the conference right here. Media contact Brand: UK Intis Telecom LTD Contact: Andrey Insarov E-mail: info@it.com Website: https://get.it.com/ Telephone: +44 7392000000 SOURCE: UK Intis Telecom LTD The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)

ACN Newswire

Yeahka Announces 2022 Interim Results

August 30, 2022

HONG KONG, Aug 30, 2022 - (ACN Newswire via SEAPRWire.com) - Yeahka Limited ("Yeahka" or the "Company", Stock Code: 9923), a leading payment-based technology platform in China, is pleased to announce the interim results for the six months ended 30 June 2022 (the "period" or "1H 2022").Financial Highlights-- During the period, the Company's total revenue reached RMB1,641.8 million, representing a year-over-year (YoY) increase of 17.1%. -- Gross profit during the period rose 52.1% YoY to RMB529.3 million, gross margin increased from 24.8% to 32.2%, gross profit contribution from non-payment business was 50%.-- Adjusted EBITDA amounted to RMB69.7million, increased by 39.7% compared with the second half of 2021.-- Gross profit of in-store e-commerce services reached RMB92.3million, gross margin reached 57.1%, increased by 76.9% and 6.6 percentage points respectively, compared with the second half of 2021.Operational HighlightsNumber of users and scale of one-stop payment services continued to grow:-- Total gross payment value ("GPV") of the payment services reached RMB1.06 trillion, up 7.4% YoY;-- The number of active payment service merchants increased 24.1% YoY to a historical high of 7.6 million;-- The number of cities covered exceeded 300 nationwide;-- The number of partnership banks increased to nearly 100; the number of independent sales agents in our network reached nearly 16,000; and the number of application programming interface (API) partners on our cloud payment platform exceeded 3,000.In-store e-commerce services grew rapidly and achieved significant results:-- Total gross merchandise value ("GMV") was nearly RMB1.4 billion, up 17.9 times YoY, and 3.2 times compared with the second half of 2021;-- The number of monthly active users ("MAU") reached 19.0 million; -- The number of paying consumers reached nearly 9.7 million, increasing by 578.9% YoY and 136.0% from the second half of 2021;-- Stock keep units (SKU) reached over 205,300, up 1,570.2% YoY and 39.6% from the second half of 2021;-- Number of regional sites exceeded 300.Steady growth for merchant solutions:-- Number of active merchant solutions merchants increased by 25.8% YoY to nearly 1.5 million.Mr. Luke Liu, Chairman of the Board, Chief Executive Officer and Executive Director of the Company, said, "The resurgence of the COVID-19 pandemic has made 1H 2022 challenging by slowing down retail sales growth of consumer goods, and significantly disrupting offline commerce. But for us, because of our broad coverage across over 300 cities and low geographic concentration, we continued to make progress in scaling up and monetizing our commercial digitalized ecosystem. We have been proactively adapting to the new norm in China's internet industry, by being more cost cautious and profitability-driven, which has been demonstrated by our financial performance in the first half - total revenue and gross margin both showed encouraging improvement year over year("YoY"), particularly with gross profit increasing 52.1% to RMB529.3 million, gross margin improving by 7.4 percentage points on a YoY basis, and adjusted EBITDA reaching RMB69.7 million during the period, increasing by 39.7% compared with the second half of 2021."We firmly believe that fast-tracking development in the local lifestyle market brings significant real and quantifiable value to consumers and merchants, because consumers can find intriguing experiences and receive actual discount by using our services, and merchants can boost their revenue and name recognition through our concentrated traffic during a short timeframe. The in-store e-commerce business has experienced strong growth in GMV, with MAU exceeding 19.0 million during 1H 2022, coupled with our effective operations optimization, we have significantly narrowed its loss. Going forward, we will continue to focus on creating user value, driving technology innovation, and taking more social responsibility."Also, with confidence in Yeahka's fundamentals and future strategies, we have purchased a total of 25,533,600 shares of the Company through the restricted share unit scheme, accounting for 5.65% of total shares outstanding. Moreover, on 30 August 2022, we announced an additional US$70 million share purchase scheme, reflecting our continued confidence in Yeahka's growth potential."OutlookOn one-stop payment services, Yeahka will continue to strengthen its sales network, particularly Open-API SaaS partnerships and bank partnerships. Yeahka will also look to embrace new payment standards such as DC/EP. On in-store e-commerce services, Yeahka will put utmost emphasis on improving user experience and focus on narrowing loss, as it is constantly optimizing its cost structure and operating efficiencies. Based on the strong results in the past few months, Yeahka is confident that it will continue to realize tremendous growth in GMV and increase market share. On merchant solutions, leveraging its strong payment merchant network, Yeahka will continue to empower merchants on optimizing digitalized operations and enhancing efficiency. Yeahka has raised US$70 million in July 2022 to strengthen its offshore balance sheet, and will explore overseas opportunities as cross-border travel gradually become available in China.Overall, empowering the real economy and creating values for merchants and consumers has always been Yeahka's core values since its inception in 2011. As Yeahka enters the second half of 2022, the Company may still face challenges from pandemic-driven weakened consumption environment. However, as it has demonstrated with its operating results in 1H 2022, Yeahka will continue to navigate through difficult times, capitalize on the data and traffic in its ecosystem and achieve healthy growth. Yeahka will continue to invest in research and development, enrich its product mix, enhance user experience, increase diversified revenue streams, extend business boundaries, and create sustainable value for shareholders, employees, and society.About YEAHKA LIMITED (Stock Code: 9923.HK)Yeahka is a leading payment-based technology platform dedicated to creating value for merchants and consumers. Our goal is to build an independent and scalable commercial digitalized ecosystem to enable seamless, convenient, and reliable payment services to merchants and consumers, and to further expand into serving merchants and consumers with our diversified product portfolio, which now includes (i) in-store e-commerce services, providing consumers with local lifestyle services of great value, and (ii) merchant solutions, enabling merchants to better manage and drive business growth.Investor and media enquiry:Yeahka LimitedIR teamEmail: ir@yeahka.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Asia’s First Hybrid Online to Offline Festival to Bring Sim Racers and Entertainers Rriley and Haneri to Scape

August 29, 2022

SINGAPORE, Aug 29, 2022 - (ACN Newswire via SEAPRWire.com) - The Legion of Racers, with support from the Singapore Tourism Board, will be organising the HyperDrive Cities (HDC) 2022 Festival from 23 to 25 September. To be held at Orchard Road, this will be Asia's first hybrid online to offline festival that combines live sim racing, entertainment, lifestyle and technology within an urban carnival setting.The HDC will take place during this year's Grand Prix Season Singapore (GPSS) from 23 September to 2 October. GPSS is a collection of innovative race-themed lifestyle experiences that complements the Formula 1 Singapore Airlines Singapore Grand Prix 2022 excitement beyond the track.For three days, the HDC will be held at *SCAPE in Orchard Road and will include feature a regional sim racing championship that follows the inaugural E-Cities Championship held in November 2021, along with an electric go-karting experience and a community sim racing challenge with prizes for the fastest sim racers from the public.The HDC Championships 2022 boasts a prize pool of SGD10,000 with the top winner guaranteed at least SGD3500.In addition, the festival at Orchard Road will also feature the HDC Gameplay Stations, a motorsports-themed gameplay powered by Augmented Reality where participants complete the various Gamemaster challenges to earn NFTs and rare prizes.To cap off the event, an entertainment element will be added to the post-sim race event with Singaporean artistes RRILEY and Haneri, who will both perform a set of three songs each. In addition, DJ NashD, who is the official DJ for local artistes Shigga Shay and hip hop collective Grizzle Grind Crew, will raise the decibels on 23 September from 8pm to 10pm."This is a unique event comprising multiple elements for the community," said Lim Keong Wee, co-founder of the Legion of Racers. "We wanted to create a motorsport festival for everyone, ranging from electric karting for young families to youths and millennials who could watch an entertainment segment at the end of the day that features some of Singapore's hottest music talents."Added RRILEY, who made her debut in 2012 as a founding member of the Sam Willows, "It is just so nice to be performing again and I am so excited to bring my music to a new audience."The event is supported by the Singapore Tourism Board, which oversees the Orchard Road precinct.Ms Guo Teyi, Director, Retail and Dining, Singapore Tourism Board, said: "We welcome the inaugural HyperDrive Cities Festival to Singapore's famous shopping street. With its diverse mix of virtual and in-person experiences, the festival will add buzz to Orchard Road and strengthen its position as a lifestyle destination beyond retail. We invite visitors of all ages to join the festival and reimagine Orchard Road's offerings."Among the partners confirmed for the festival include McLaren, TYCA, Next Level Racing, Logitech G, Monster Energy, and Tarmac Works. A McLaren 720S sportscar will also be on display at the venue during the course of the programme.The simulated track which the sim racers will be racing on is the Orchard Road Street Circuit, which was produced by the Legion of Racers team. For 2022, the track has been extended to include the Somerset and Dhoby Ghaut sub-precincts.The HDC 2022 Festival is set to bring more than 5,000 members of the public to *SCAPE while thousands more will follow the HyperDrive Cities Championships live on Youtube.All photo and visual assets can be downloaded here. https://drive.google.com/drive/folders/1q7-el4f3XXS2zmflJQpjhFXqsRxEbvxGMedia Contact: Melvin Moh melvin@legionofracers.comAbout HyperDrive Cities Festival 2022HyperDrive Cities is the first of its kind to bring sim racing into familiar streets, turning cities into race circuits and unlocking the once-in-a-lifetime experience of racing virtually down urban spaces. The HDC Festival will also feature entertainment acts and RaceHub which allows members of the public to experience driving an electric kart. To find out more please visit www.hyperdrivecities.comAbout Legion of RacersThe Legion of Racers is Singapore's first sim racing entertainment and lifestyle brand which combines the best in motorsports and the gaming world. With a studio in Kallang, the Legion of Racers taps into the world of sim racing and brings together online gamers who play in games such as Assetto Corsa, Assetto Corsa Competizione, Gran Turismo 7, Formula 1, and RFactor2. Follow Legion of Racers on their Facebook @LegionofRacers and on their website at www.legionofracers.com for updates and information about sim racing activities.About the Singapore Tourism BoardThe Singapore Tourism Board (STB) is the lead development agency for tourism, one of Singapore's key economic sectors. Together with industry partners and the community, we shape a dynamic Singapore tourism landscape. We bring the Passion Made Possible brand to life by differentiating Singapore as a vibrant destination that inspires people to share and deepen their passions.More: www.stb.gov.sg or www.visitsingapore.com Follow us: https://www.facebook.com/STBsingapore or https://www.linkedin.com/company/singapore-tourism-board/mycompany/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Yincheng International Holding Announces 2022 Interim Results

August 26, 2022

HONG KONG, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - An established property developer in the PRC focusing on developing quality residential properties in the Yangtze River Delta Megalopolis for customers of all ages, Yincheng International Holding Co., Ltd. ("Yincheng International Holding" or the "Company", together with its subsidiaries, the "Group", Stock code: 1902.HK) is pleased to announce its unaudited consolidated interim results for the six months ended 30 June 2022 (the "Period").During the Period, the Group's revenue increased by approximately 20.9% YoY to approximately RMB 4.58 billion. While the gross profit increased significantly by approximately 95.9% YoY to approximately RMB 1.35 billion, the gross profit margin increased by 11.3 percentage points YoY to approximately 29.5%. Profit for the Period increased by approximately 11.9% YoY to approximately RMB333.7 million. Net profit margin remained roughly the same as that from the same period last year at approximately 7.3%.Key projects achieved favourable sales record The real estate industry in the PRC has undergone a tremendous transition since last year due to various factors including the pandemic, an overall economic decline, industrial downturn and funding difficulties. During the Period, the Group recorded contracted sales of approximately RMB6.57 billion, which drop was in line with the overall trend amongst its peers. In such extremely challenging market conditions, the Group has made great efforts to maintain a stable operation, and vigorous launch for key projects, including Yi He Shan Zhuang in Hangzhou, Dong Wang in Suzhou, Jinlinfu in Taizhou and Huan Le Tian Di in Wenzhou, still bucked the market with excellent performance and became bestselling projects in their respective regions. It indicates that the Group commenced its business in Nanjing and successfully expanded its footprint to other cities in the Yangtze River Delta Megalopolis. During the Period, the contracted sales gross floor area ("GFA") was approximately 308,597 sq.m. while the average selling price of the contracted sales remained relatively stable at approximately RMB21,277 per sq.m., representing an increase of approximately 4.4% YoY.All projects delivered on schedule with a record-high cash collection rate In view of the continuously harsh business environment and facing the common industry problem of tight cash flow just like any other real estate enterprises, the Group has taken a number of measures to maintain sufficient liquidity and stability with its daily operations. There was a comparatively high cash collection rate in the first half of the year with an overall cash collection of approximately RMB8.21 billion, which makes a cash collection rate of 125%. As project delivery has become the focus of the industry and even the entire society, the Group has made "guaranteed delivery" a priority to ensure timely delivery of its projects, so as to protect the interests of home buyers, live up to the market's confidence in the Group and maintain the good market reputation of its brand. In the first half of the year, the Group delivered properties with a total GFA of approximately 158,000 sq.m.. In particular, all projects were delivered on schedule without any breach on contract delivery. The overall delivery rate of the Group in the first half of the year was approximately 85.8% and the delivery satisfaction rate was approximately 86%, both of which were at benchmark level in the industry.Precise deployment in key markets with sufficient land reserves supports future developmentAs a regional deep-cultivation enterprise, the Group has sufficient land reserves and saleable projects to support its future sales. During the Period, the Group had a land bank with an aggregate estimated GFA of approximately 7.19 million sq.m., out of which the land bank with interests attributable to the Group amounted to approximately 4.73 million sq.m, mainly situated in core cities of the Yangtze River Delta Economic Megalopolis and the new first-tier cities, including Nanjing, Zhejiang and southern Jiangsu, accounted for 92% of the total land reserves. As of 30 June 2022, the Group's total saleable GFA was approximately 2.94 million sq.m., with a total saleable value of RMB 62.3 billion and an ASP of approximately RMB21,200/sq.m., providing solid supports to the Group's future revenue and long-term sustainable operation. During the Period, the Group had 61 projects located in 10 cities in the PRC, of which 35 projects were developed and owned by the Group and the remaining 26 projects were developed and owned by the Group's joint ventures and associates.Effective de-leverage yielded remarkable results with strong operation managementWhile striving to achieve stable business growth, the Group is committed to optimizing its debt structure and deleveraging. During the Period, the Group reduced its liabilities, hence the size of interest-bearing liabilities decreased by 14.1% to RMB11.7 billion, compared with the end of 2021. Among which, the short-term borrowings remained at a stable level, showing that the Group continued to manage its liabilities in an orderly manner. The Group's average financing cost was further declined from the end of 2021, and maintained at a relatively low level of 6.7%, maintaining its efficient fund utilization. The financing structure was primarily consisted of bank loans with a lower overall cost, which accounted for 75.6% of the total debt, to safeguard the Group's sustainable operation.Mr. Huang Qingping, the Chairman of Yincheng International Holding, said "In the second half of the year, although there have been improvements in the operating environment of the real estate industry, and both market confidence and transaction volume are expected to recover or resume to a certain extent, given the uncertainties of the COVID-19 pandemic, the continuing trend of economic downturn and the ongoing tight cash flow problem in the industry, real estate enterprises are still facing an overall unfavorable operating environment. The Group believes that private enterprises can no longer be guided by business scale in the future, they should instead strive to have a full understanding of customer and product needs in regional markets and make business decisions swiftly in response to market changes, so as to secure regional market development opportunities. Looking forward, the Group will take the market recovery and rebound as an opportunity to improve its sales and actively minimize potential risks over the course of its operation. Not only will the Group perfect its overall cash flow management to safeguard its business operations, but it will also require its subsidiaries to audit cash flow records (including sales return records), regulate the use of funds and, in particular, to restore liquidity available for allocation by the Group. At the same time, the Group will properly handle its cooperative relationship with suppliers under the current market situation, balance various payment relationships and ensure that all its business units can carry out various business tasks smoothly. the Group will use its best endeavour to maintain normal project development with timely sales and delivery. It will, as a listed real estate enterprise and a reputable local brand, strive to maintain or carry out an appropriate level of commitment and social responsibility of towards its investors, home buyers and the market." Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Q P Group Announces Record-high 2022 Interim Results

August 26, 2022

HONG KONG, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - Q P Group Holdings Limited ("Q P Group" or the "Group"; Stock code: 1412), one of the leading manufacturers of paper-based tabletop games and paper-based greeting cards in the People's Republic of China (the "PRC"), recorded a total revenue of approximately HK$657.8 million, representing a year-on-year increase of approximately 11.6% for the six months ended 30 June 2022 ("6M2022" or the "Period"). The Group's profit attributable to equity holders of the Company was approximately HK$53.7 million, up by approximately 65.1% as compared with that of the six months ended 30 June 2021 ("6M2021"). Basic earnings per share was approximately HK10.09 cents (6M2021: HK6.11 cents).The Board of Directors has resolved to declare an interim dividend of HK3.0 cents per share for 6M2022 (6M2021: HK2.0 cents).Business ReviewDuring the Period, the COVID-19 pandemic continued to affect the global economy and business operations. Despite the challenges, the Group weathered the global supply chain chaos over the past year and its order fulfilment resumed to normal during the Period. Also, the Group successfully captured the business opportunities derived from the strong demand for tabletop games and educational items in the European and the USA markets extending from the previous years and achieved growth in OEM business, with the revenue derived from OEM sales increased by approximately 14.2% year-on-year to approximately HK$566.8 million for 6M2022, which drove the increase in total revenue of approximately 11.6% year-on-year to approximately HK$657.8 million and the increase in net profit of approximately 65.1% year-on-year to approximately HK$53.7 million for 6M2022. Meanwhile, the revenue derived from web sales business during 6M2022 was approximately HK$91.0 million (6M2021: approximately HK$93.2 million); the number of active registered user accounts, which refers to the number of registered user accounts with orders placed via the Group's major websites, amounted to approximately 53,300 as at 30 June 2022 (approximately 54,700 as at 31 December 2021).ProspectsThe Group will continue to stay highly focused on consolidating its business while remaining cautious about the business environment for the rest of the year. As many countries are accelerating steps to roll back COVID-19 restrictions, the Group will actively engage with existing and potential corporate customers in the USA and Europe through exhibitions, trade shows and client visits by its overseas sales representatives to explore OEM business opportunities and foster business relationships. For the web sales business, the development of Q P Market Network ("QPMN"), a business-to-business-to-consumer (B2B2C) online platform offering one-stop product customisation solutions, will continue to be the Group's key strategic focus. Q P Group will make determined efforts to promote the mutually beneficial business model of QPMN to potential partners including brand owners, enterprises, designers and organisations. It will actively network with design communities and institutes to build up QPMN's brand awareness and reputation in the field. Expansion of the product range will be another important part of QPMN's development in the long run, so that the platform can cater to the market demand for diversified customised products and the needs of potential business partners. Besides QPMN, the Group will also introduce new products for its other web sales platforms and market its new launch through crowdfunding so as to further increase its brands' market presence and brand exposure in the global online market.In addition, Q P Group is developing a comprehensive supply chain in Vietnam to expand production capacity and diversify operational risk. The development of a self-owned production plant in Ha Nam Province, Vietnam is in progress, with completion expected to take place in the third quarter of 2023. Mr. Cheng Wan Wai, Founder, Chairman and CEO of Q P Group concluded: "The global economy is widely expected to be buffeted by various uncertain factors and challenges. Q P Group will stay alert and take proactive measures to strengthen our foundation through application of innovative business operating models, steady business expansion and continuous improvement in our operational excellence, so as to pursue business success through stability and create value for our shareholders and society."About Q P Group Holdings Limited (Stock code: 1412)Established in Hong Kong in 1985, Q P Group is one of the leading paper-based tabletop games and paper-based greeting cards manufacturers in the PRC, with production sites in Dongguan and Heshan. Its principal product categories include tabletop games, greeting cards, educational items and premium packaging. Since 2010, the Group has operated web sales businesses to provide online solutions for diversified customised paper products and gift items. Currently, the number of its active registered users has reached over 50,000.Q P Group's major websites are:www.makeplayingcards.comwww.boardgamesmaker.comwww.createjigsawpuzzles.comwww.printerstudio.comwww.gifthing.comwww.maketotebags.comQ P Market Network:www.qpmarketnetwork.comFor more information, please visit: https://www.qpp.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Merdeka at Kuantan 188

August 26, 2022

KUANTAN, Malaysia, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - Kuantan 188, Malaysia's second-tallest tower, will host two major events, the Kuantan 188 International Extreme Challenge (KIEC), their first-ever challenge event since reopening early this year, and Pesta Kuantan 188.En Mohd Shafrul Bin Kadir, Jabatan Belia & Sukan Negeri Pahang; Dato' Sri Haji Mohd Johari, Exco Sumber Manusia, Belia & Sukan; YB Senator Dato' Sri Ti Lian Ker, Timbalan Menteri Belia & Sukan; Dato' Zulkifli Mohamad, Kuantan 188 Managing Director; Man Bai, Malaysian rock singer; Puan Haslina Binti Bahasan, Ketua Jabatan Bahagian Pelaburan dan Penswastaan [L-R]Khairul Azrin Bin Abdullah, Skywalk Operator of Tower Kuantan 188Encik Jamaluddin Ismail, oldest Malaysian base jumper, 67years oldThe KIEC will see a group of people base jumping from the tower in celebration of Merdeka while Pesta Kuantan will be held from 27 August 2022 to 4 September 2022.The launch will be officiated by Deputy Minister of Youth and Sports, YB Senator Dato' Sri Ti Lian Ker and Chairman of the Pahang State Human Resources, Youth, Sports and Non-Governmental Committee YB Dato' Sri Haji Mohd Johari bin Haji Hussain.To promote adventure and outdoor sports, the Ministry of Youth and Sports will continue to support events such as KIEC and work closely with Kuantan 188 to encourage local youth groups to use the Kuantan 188 as their venue of choice.The main focus of the KIEC will be a group of volunteer base jumpers who will jump down 104 metres from the skydeck. There will be a total of 65 jumps from multiple jumpers on 30 August 2022 carrying the Kuantan 188, Pahang and Malaysian flags commemorating 65 years of independence. Among the base jumpers is the country's oldest, 67-year-old Encik Jamaluddin Ismail, from Mentakab, Pahang.Besides Malaysian base jumpers, there will also be participants from United States, Singapore and Indonesia. Other sports will also be held at the same venue, including paintball, drop zone, kickboxing, outdoor zumba and hammock zone while children can enjoy activities at Kuantan 188's Kids Club and Zipline. The festival will also be hosting local brands with a nine-day pop up retail booth to bring awareness to local talent and support local merchandise.To celebrate the birthdays of KDYMM Yang Di Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah and KDYMM Seri Paduka Baginda Raja Permaisuri Agong Tunku Hajah Azizah Aminah Maimunah Iskandariah Binti Almarhum Al-Mutawakkil Alallah Sultan Iskandar Al-Haj, which were on 30 July 2022 and 5 August 2022 respectively, Kuantan 188 will host a concert featuring Man Bai and Joe Flizzow, among others, on 3 September 2022.Tickets for the concert will be on sale via www.gotifi.com, with four categories available for purchase - TIER 1 (RM188), TIER 2 (RM138), TIER 3 (RM88) and TIER 4 (RM58).Pesta Kuantan 188 concert is supported by MAA Group Berhad and Imperium International College and sponsored by Selborn Group, Wawasan Intact Properties, CKS Global Buildility, LBS Bina Group, Cameron Valley Tea and Bharat Group, TAS Leisure, Chili's Bar and Grill and Dancom. Official hotel sponsors include Shahzan Hotel Kuantan and Ramada Suites by Wyndham KLCC.Lucky draw items are powered by Cuckoo, Toush Inspired by Pensonic & Panasonic.To know more about KIEC and Pesta Kuantan 188, check out @kuantan.188 on Instagram, Facebook and TikTok for recent updates, as well as www.kuantan188.com.my. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

SeaPRwire

Sport Fans NFTs launches ahead of World Cup 2022 in Qatar

August 25, 2022

A limited number of 1000 NFTs will be minted for each of the 32 teams. Every NFT holder to get free 1500 airdrops worth about US$300Attractive giveaways include 111 million WFN token airdrops, 1000 PlayStations, 1000 beIN SPORTS devices and a total of US$500,000 worth of prize money for five lucky winners LONDON, UK, August 25, 2022 – (SEAPRWire) – Sport Fans NFTs, a unique sports NFT project, has been launched to the public on Sunday, Aug 21st. The new one-of-its-kind sports NFT project will transform the way fans experience the game and provide a genuine alternative to several existing sports-related NFTs. The first tranche of NFTs is being released ahead of the World Cup 2022. “To start with, all our NFTs will be specifically minted for some of the major tournaments across different sports. And there is no way we would have missed the world’s most popular sporting event – The Football World Cup,” explains Mouttou Viramouttou, Co-founder & Chairman, Brugu Software Solutions, which has been instrumental in developing and promoting the project. For the World Cup 2022, Sport Fans NFTs has announced a total of 32,000 unique NFTs on the basis of a limited number of 1000 NFTs each for every team which has qualified for the tournament. The primary attraction of the project is that every Sport Fans NFT holder will receive a guaranteed airdrop of 1500 WFN tokens. The project has been opened to the public for whitelisting. Other attractive giveaways include 1000 PlayStations, 1000 beIN SPORTS devices and US$500,000 worth of prize money distributed equally among five lucky winners. “We are quite excited to bring on board the millions of die-hard football fans across the world. There is no other sport which brings out the raw passion of the fans as much as football, and now fans are going to get treated for their support,” adds Mouttou. “We have laid special emphasis to ensure that our project is purely based on the progress of the tournament and free of any sort of gambling and betting. Fans get to earn more through airdrops for every match their preferred team plays, irrespective of whether they win or lose,” he adds. Every time a team moves to the next level of the tournament, NFT holders of the respective teams will receive almost double the number of WFN tokens. According to Mouttou, Sport Fans NFTs has been in the works for the past six to eight months and there are plans to launch Fans NFTs for the upcoming Football World Cups in 2026, 2030 and the subsequent editions. For PR inquiry, please contact info@finpr.agency, https://finpr.agency Social Links Twitter: https://twitter.com/sportfansnfts Facebook: https://www.facebook.com/sportfansnfts/ LinkedIn: https://www.linkedin.com/company/sportfansnfts/ Instagram: https://www.instagram.com/sportfansnfts/ Media Contact Brand: Sport Fans NFTs Contact: Venkateswararao Megadula, Chief Experience Officer E-mail: pr@sportfansnfts.com Website: https://www.sportfansnfts.com/ SOURCE: Sport Fans NFTs The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)

ACN Newswire

Chu Kong Shipping Announces 2022 Interim Results, Profit Attributable to the Equity Holders of the Company Significantly Increases by 110.6% to HK$54.9 Million

August 25, 2022

HONG KONG, Aug 25, 2022 - (ACN Newswire via SEAPRWire.com) - Chu Kong Shipping Enterprises (Group) Company Limited ("Chu Kong Shipping", or the "Company", together with its subsidiaries, the "Group"; Stock Code: 560.HK) is pleased to announce its interim results for the six months ended 30 June 2022 (the "Period"). During the Period, the international environment became more complex and severe, while the global epidemic remained severe. However, thanks to the growth of the terminal logistic business, the Group's results during the Period remained promising. In the first half of 2022, the continuous impact of the repeated COVID-19 epidemic and the sharp increase of oil prices led to significant pressure on the Group's business operation. The fifth wave of the epidemic, which broke out in Hong Kong at the beginning of the year, had certain impact on the local ferry and water cultural tourism businesses. The cross-border passenger transportation business operations of the Group were still in a trough due to the epidemic prevention policies. Nonetheless, in the face of the challenges in the external environment, the Group accelerated its business transformation and upgrading, endeavoured to create new drivers for growth and efficiency, and continued to optimise its operation and control model. Subsequently, most of the terminal logistic business was stabilised and showed improvement through active development. During the Period, the Group recorded consolidated revenue of HK$1,601.2 million (1H 2021: HK$1,142.7 million) , representing an increase of 40.1% over the same period last year. Profit for the Period amounted to HK$61.7 million (1H 2021: HK$39.7 million), representing an increase of 55.4% over the same period last year. Profit attributable to the equity holders of the Company amounted to HK$54.9 million (1H 2021: HK$26.1 million), representing an increase of 110.6% over the same period last year. Precisely Grasping Market Opportunities and Continue to Build New Advantages in the Port Logistics BusinessRegarding the freight business, leveraging its advantages of the terminal's network, the Group seized the opportunity to assist Hong Kong's anti-epidemic livelihood supplies transportation project and continued to provide new impetus to local businesses. It focused on improving the layout of the industrial chain and vigorously developed the terminal logistic business market, while carrying out epidemic prevention and control. During the Period, the break bulk cargoes transportation volume recorded 342,000 tons, representing a year-on-year increase of 4.9%. Under the influence of the epidemic, several domestic cities were locked down and the supply of container space and containers was insufficient, the container transportation volume recorded 644,000 TEU. As for the cargo handling business, the container handling volume recorded 571,000 TEU, representing a year-on-year increase of 0.2%. The break bulk cargoes handling volume recorded 4,036,000 tons, representing a year-on-year increase of 6.6%, and the volume of container hauling and trucking recorded 98,000 TEU.During the Period, the Group fully utilised its business advantage as a combination of "transit and port" in the Guangdong-Hong Kong-Macao Greater Bay Area; Chu Kong Transhipment & Logistics Co., Ltd. ("CKTL"), in conjunction with Qingyuan Port, Doumen Port, Zhongshan Port, Zhongshan Huangpu Port, Gaoming Port, Beicun Port, Sanbu Port and many other freight ports, has been successfully opening "Green Passages" and "Synergised Passages" to secure a full logistics chain, in order to realise a smooth integration of consignment consolidation, custom clearance, as well as consignment loading and unloading, which in turn has efficiently supplied medical materials and other resources for anti-epidemic measures, quarantine measures, as well as for daily necessity such as fresh food and grocery items. Being faced with the precarious situation of the fifth-wave epidemic in Hong Kong, the Group has also earnestly fulfilled its corporate social responsibility by making an outstanding contribution to the anti-epidemic work in Hong Kong, which has received extensive coverage by many mainstream media news.Driven by the transportation business of anti-epidemic materials for Hong Kong during the Period, CKTL, Zhongshan Huangpu Port, Doumen Port and Qingyuan Port have significantly improved their operating efficiency. The new warehouse in Tuen Mun was successfully put into operation, and the integrated logistics business has developed rapidly. CKTL and a courier company have jointly operated the warehouse for Regulated Air Cargo Screening Facilities Scheme in Tuen Mun Godown Wharf, which has further enhanced the Group's air freight business volume. CKTL has vigorously developed the business of local construction logistics in Hong Kong, transformed and upgraded the traditional container berth in Yau Ma Tei and built it into a professional engineering logistics loading, unloading and distribution base. The Group has successfully facilitated the logistic project of inner wall bent plate of the tunnel for the Central Kowloon Route, as well as the logistic project of the transitional housing scheme in Kong Ha Wai Village, concentrating on securing the logistics for the Hong Kong Mobile Cabin Hospital and other construction projects supported by the central government concerning the anti-epidemic measures in Hong Kong. Gaoming Port has taken lead to develop cross-border e-commerce business and started a trans-customs transportation business between Foshan Gaoming district and Guangzhou Baiyun International Airport; the express parcel processing facility in Gaoming Port has also successfully launched its cross-border e-commerce direct delivery business. Civet Port has seized the opportunity to successfully develop the operating business of the centralised Zhuhai cross-border freight transfer station, as well as the operation business of the Guangdong-Hong Kong-Macao Logistics Park cross-border freight transfer station. Doumen Port has continued to promote business diversification whilst continuing to develop a comprehensive logistics business and has successfully developed bulk building materials businesses such as remote loading of bridge components for Hong Kong and Macao, and berthing and loading of cement ships for Hong Kong. Doumen Port has also coordinated the existing warehouse resources, completed the qualification examination and acceptance process of supervised designated sites for imported fruits, and prepared to develop business for imported fruits.Steadily Promoting Airport Strategy and Actively Cultivating New Businesses in Passenger Transportation SegmentRegarding the passenger transportation business, the Group actively cultivates new businesses surrounding Hong Kong International Airport, and achieved another key breakthrough in its airport strategy. Hong Kong International Airport Ferry Terminal Services Limited, a member of the Group, has won the project of passenger and baggage service in transit terminal of Hong Kong International Airport, which has, in turn, expanded the Group's cross-border airport passenger service from "sea-air transport" to "sea-land-air transport". The businesses previously developed by Chu Kong Passenger Transport Co., Ltd. related to Hong Kong International Airport have maintained normal operation under the impact of the epidemic, among which, the car-sharing business on the apron of Hong Kong International Airport has maintained steady growth.OutlookIn the second half of the year, the COVID-19 epidemic will continue to exert pressure on the Group's cross-border passenger transportation and its related auxiliary businesses. The Group will actively integrate into the national and regional development landscape, optimise the strategic layout as a breakthrough, accelerate the construction of new development pattern, and plan the strategic layout in the operating segments such as cargo transportation, cargo handling and storage, passenger transportation business, fuel supply, etc. The Group will persistently accelerate its business transformation, upgrade and innovation by broadening its vision of operation and development, adjusting the layout of industrial structure, and integrating advantageous resources to break through development bottlenecks as well as to form development synergies.Firstly, the Group will make every effort to transform and upgrade its logistics business. The Group will actively capture the opportunities in the Hong Kong infrastructure market, and fully utilise the professional engineering logistics loading, unloading and distribution base operated by the Group in Hong Kong, in order to further develop our engineering materials logistics business; the Group will leverage the geographic advantage of the Tuen Mun Godown Wharf to focus on developing the e-commerce logistics, air cargo logistics and duty-free warehousing businesses; the Group will focus on nurturing the e-commerce logistics business at Gaoming Port, improve the capacity of the supporting logistics service, and build a quality cross-border e-commerce custom clearance centre in the Greater Bay Area; the Group will also strengthen the development of the business in Civet Port's centralised cross-border trucking terminal, and promote maintenance and upgrade for its quays and berths to enhance cargo handling capacity.Secondly, the Group will continue to develop new advantages in the passenger transport business. The Group will promote operation integration of its cross-border passenger business, focus on developing potential routes and cancelling routes that have become less competitive in an orderly manner; the Group will continue to actively participate in bidding for strategic and quality projects of Hong Kong International Airport, and strive to become an integrated service provider for Hong Kong International Airport; the Group will enhance the management quality and service capability of its local ferry business, and strengthen the local transportation and public industry in Hong Kong; the Group will prepare to launch the passenger route between Guangzhou Huangpu and urban Hong Kong, as well as the routes between Guangzhou Pazhou, Shunde and Hong Kong International Airport, and actively prepare for the resumption of cross-border passenger routes.Thirdly, the Group will actively develop the water cultural tourism industry. The Group will focus on the project of the "Oriental Pearl" Victoria Harbour tour and will promote the brand building and raise awareness of "Oriental Pearl" to create a platform for water cultural tourism and commercial events in Hong Kong. In the second half of the year, "Oriental Pearl" will realise berth-and-operate in Central Ferry Pier No.8, strengthen exploration of the market potential in urban Hong Kong Island, strengthen the promotion of both online and offline agents, and actively plan for festival-theme events as well as commercial boat charter events.Fourthly, the Group will fully explore the potential of the fuel supply business. The Group will take advantage of Hong Kong scarce local refueling buoy facilities, strengthen cooperation with oil companies, and actively bid for over-the-water fuel supply projects in Hong Kong.Fifthly, the Group will accelerate the implementation of investment projects in countries along the "Belt and Road" initiatives. The Group will accelerate the establishment of logistics business outlets in the ASEAN region, acquisition of investment projects with synergistic value, establish overseas bases, and actively develop markets along the "Belt and Road" initiatives.About Chu Kong Shipping Enterprises (Group) Company LimitedChu Kong Shipping is a listed company incorporated in Hong Kong held by Chu Kong Shipping Enterprises (Holdings) Company Limited and subject to Guangdong Provincial Port & Shipping Group Company Limited. Chu Kong Shipping operates and manages the largest high-speed passenger fleet and network of waterway passenger transport in Guangdong, Hong Kong Macau which is based in Hong Kong and covered the Pearl River Delta ("PRD") and Macau including more than 10 cities such as Guangzhou, Shenzhen, Shunde, Zhongshan, Zhuhai, Dongguan, Jiangmen, Macau and so on. Since the acquisition of Sun Ferry Services Company Limited in May 2020, CKSG has entered the local ferry market in Hong Kong, providing services on five main inner harbour and outlying island ferry routes. Chu Kong Shipping is also one of the largest operators of inland terminal and logistics service in the PRD. Based in Hong Kong, Chu Kong Shipping builds up a network covering more than 20 cities in the PRD, including Zhaoqing, Qingyuan, Foshan, Guangzhou and Jiangmen etc., providing the operation of inland cargo terminals, integrated logistics, international forwarding and solutions to logistic supply chain and so on.For more information, please visit: https://www.cksd.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Subang Parade Holds Merdeka Fiesta to Celebrate National Day

August 24, 2022

KUALA LUMPUR, Aug 24, 2022 - (ACN Newswire via SEAPRWire.com) - A host of family-friendly activities is being rolled out by Subang Parade, a mall owned by Hektar Real Estate Investment Trust (Hektar REIT), taking inspiration from the theme for the country's National Day, "Keluarga Malaysia Teguh Bersama", or "Malaysian Family, Strong Together" while supporting local culture and designers.Subang ParadeJohari Shukri bin Jamil, CEO of Hektar Asset ManagementAptly named Subang Parade Merdeka Fiesta, held over 27-28 August and on 31 August 2022, the activities include fashion shows celebrating Malaysia's rich Batik, Tenun and Songket traditions and showcasing homegrown talents as well as a bazaar featuring locally made and produced merchandise, local cuisine cooking demonstrations, hobby demonstrations and even a petting zoo to bring families, neighbours and friends together.The launch of Subang Parade's one-of-a-kind fashion show on 27 August will feature designers such as Calvin Thoo who is known for his specialization in traditional fabrics.Puan Aldela Puspa bin Nordin, CEO of Hektar Property Services Sdn Bhd, the property manager of Subang Parade said, "Merdeka Fiesta is put together to bring awareness among Malaysians of the rich heritage and common interests, values and history of the country, helping to build a firm foundation for the future. The Batik, Tenun and Songket fashion show as well as the display of mostly locally produced merchandise will be a good showcase of all things Malaysian."Calvin Thoo explained, "Batik is Malaysia. The intricate art of making quality Malaysian batik fabric and tenun weaving remains a traditional process and the skills that are being passed on from generation to generation in family businesses and in associations must be preserved. Batik fabrics has been adopted over the generations from the Malays by the different ethnic groups in Malaysia's multicultural society."There will be a special showcase of the traditional batik and songket handmade and designed by the residents of Penjara Kelantan, a proud initiative under Yang Teramat Mulia Tengku Puan Temenggong Kelantan Tunku Puan Sri Dato' Hajjah Noor Hayati binti Almarhum Tunku Abdul Rahman Putra al-Haj'.Over the three days of the Subang Parade Merdeka Fiesta, there will also be a pet adoption campaign alongside a petting zoo. There will also be tutorials and demonstrations of, among others, makeup and terrarium building. For hijabistas, there are tutorials happening on 28 and 31 August.Dato' Zamzani Abdul Wahab, popularly known as 'Chef Zam', a popular Malaysian celebrity chef, will be showcasing his culinary expertise on 31 August 2022 through several cooking demonstrations. There will also be performances by widely known artistes.Chief Executive Officer of Hektar Asset Management Sdn. Bhd., En. Johari Shukri bin Jamil said, "We are extremely grateful and excited to be able to gather together and share happy experiences in Subang Parade, which is also the first regional mall to open in Selangor in 1988. The Merdeka Fiesta showcases our Malaysian culture and roots that we want to not just uphold but share with the rest of the world. These includes not just our culinary traditions but also our fashion and art as can be seen from the batik and songket designs presented here.""Subang Parade has been the centre for families and workers in the surrounding neighbourhoods for more than 30 years. Since then, the mall has undergone several enhancements and refurbishments to ensure that it remains on top of market trends while catering to our target market. We want to remain a premier gathering place for families and friends in the Klang Valley and we will continue to upgrade facilities as well as introduce new retail brands and services to ensure that they get as much as possible out of their visit to the mall."Subang Parade hopes to welcome everyone in a safe manner and would like all visitors to continue adhering to social distancing and having masks on at all times.Subang Parade: https://www.subangparade.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

New Perspectives for Creators and Collectors: How Stars.Art is Changing the Global NFT Arena

August 24, 2022

DUBAI, UAE, Aug 24, 2022 - (ACN Newswire via SEAPRWire.com) - Nonfungible token (NFT) sales topped $4.4 billion in January and have noticeably decreased in the following months. The May market crash accelerated the decline and caused sales to plunge to $1 billion by June - a 65% drop from January. Ostensibly, the revenue earned by NFT holders is at frustratingly low levels, which through restrictions, market manipulation, and flat-out security vulnerabilities of centralized platforms, can only go as far as exacerbate.Despite all this, some key data indicate that it isn't as apocalyptic as how others made it sound. Despite recent turbulences in the overall market environment, long term perspectives look promising: The global NFT market size is expected to reach $130 billion in 2030, registering a revenue CAGR of 10.7%, according to Emergen Research.Boosting the NFT economy's revenueAiming to make earning revenue more favorable for NFT holders Stars.Art NFT Marketplace has introduced a number of exciting features: One is by offering low to zero trading commissions. Sellers only pay a maximum commission of 0.75% per transaction, while buyers don't pay fees at all. This starkly contrasts with the 2-3% per sale that are charged by leading NFT marketplaces. Aside from this, NFT creators can also customize royalties between 0% to 15%.The other way is by letting users earn passive income through staking features that Stars.Art will soon introduce. NFT staking allows users to generate rewards, usually in the form of tokens, by locking up their NFT assets to either a platform or a liquidity pool. Users would then be able to earn income from their priced NFT possessions without actually selling them. Vladimir Perov, founder and CEO of Stars.Art said, "Our main goal is to remove some common barriers in the user journey and ensure the best conditions in the NFT market for the Stars.Art community. We aim to be the world's number one platform, where the real power will be in the community's hands, which is the principle of decentralization.The Journey of Stars.Art began in 2021, when the NFT and Crypto Market were booming. As a result, the world of blockchain technology is constantly evolving and we are adapting quickly to it by launching Start Art."Decentralization at its coreOne of the main downsides of centralized platforms is that decision-making is vested only in the party controlling the scene, making crucial changes happen abruptly. There have been times when minting and the amount of NFTs that can be created has been limited and certain collections delisted. Worse, centralization has also led to instances of insider trading. All of this happened with the larger community staying uninformed.Stars.Art is shaping up to be an outlier. The platform is DAO-based and community-centric. This means that users have a hand in the decision-making activities of the platform and grants them the power to vote on critical changes once its governance token, STAR, has been launched.Free mintingStars.Art also started a free minting campaign wherein artists can mint Polygon (MATIC) NFT collections and start selling without having to pay the corresponding minting fee. The only cost to the user is the gas fee, which is only applied when an NFT is sold and is moved to the blockchain.In order to reward the most talented artists, Stars.Art will cover the cost of Polygon MATIC gas for those who have an account on the platform linked to their crypto wallet, and an NFT collection listed. Welcome onboard and mint your NFT's for free on Stars.art!About Stars.ArtStars.Art is a 100% secure and reliable platform with a focus on DeFi and Web3. It strives to build a diverse ecosystem with cross-chain architecture that facilitates interoperability. Firstly Stars.Art will operate on the Ethereum and Polygon blockchain. But we keep optimizing the customer journey by making upgrades and improvements. In the near future, the platform will also support several additional blockchains.Official website: https://stars.artTwitter: https://twitter.com/starsartnft?s=11 Medium: bit.ly/3AkBhNYFor further information please contact:David HeinINACTA Communications / Crypto Oasis+971 58 587 6888david@cryptooasis.ae Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

CENTRESTAGE set to open in September

August 23, 2022

HONG KONG, Aug 23, 2022 - (ACN Newswire via SEAPRWire.com) - Organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by Create Hong Kong* (CreateHK) of the Government of the Hong Kong Special Administrative Region (HKSAR), CENTRESTAGE returns to the spotlight from 9 to 11 September. The three-day event will open to fashion buyers and also the general public, featuring a number of in-person as well as virtual exhibitions with visitors able to immerse themselves in augmented reality (AR) and virtual reality (VR) interactive experiences.HKTDC Deputy Executive Director Sophia Chong said the three-day CENTRESTAGE will showcase the latest fashion collections of more than 230 brands from 15 countries and regions.Celebrity artistes Jeannie Chan and Adam Pak wore outfits by DEMO at today's CENTRESTAGE press conference.The CENTRESTAGE ELITES will feature Hong Kong label DEMO (2nd from L, 2nd from R) and Japanese brand Children of the discordance (L, R) presenting their 2023 spring/summer collections.HKTDC Deputy Executive Director Sophia Chong said: "In recent years, innovative ideas have been integrated into the designs, materials, manufacturing, sales and customer experience of the fashion industry, with the advent of new technologies creating even more possibilities. This year's CENTRESTAGE will have "Inclusion and Diversity" as its central theme, with an emphasis on authentic self-expression, projecting a common goal of enabling everyone to express their bold imagination through beauty and aesthetics. The three-day event will feature 20 fashion shows and showcase the latest collections of more than 230 brands from 15 countries and regions. A series of digital experiences have been added in 2022, amplifying the enjoyment of this iconic event."Various designers and brands launch latest collectionsCENTRESTAGE ELITES is the spotlight opening gala show, featuring Hong Kong and Japanese brands DEMO and Children of the discordance - both chosen by Fashion Asia Hong Kong as among the 10 Asian Designers to Watch in 2020. Derek Chan will launch the latest 2023 spring/summer collection of his gender-neutral fashion label DEMO together with co-founder Mite Chan. At the same time, Japanese designer Hideaki Shikama, founder of young fashion label Children of the discordance will be showcasing his collection in Hong Kong for the first time. The show will be livestreamed through the CENTRESTAGE fair website and social media platforms (Facebook and Instagram).The Fashion Hong Kong Runway Show will feature six Hong Kong brands presenting their 2023 spring/summer collections. Participating labels include 112 mountainyam, which uses vivid colours to express confidence; ANGUS TSUI, which highlights sci-fi elements in its designs; BLIND by JW, which merges fashion with art tech; Bettie Haute Couture, which has a focus on bespoke women's clothing; SUN=SEN, which emphasises playfulness in its designs; and V VISSI, which works on promoting social inclusion through fashion design. Sustainability is an important issue to the fashion industry, and this year the designers will debut collections that use sustainable materials. Local enterprise Novetex Textiles Limited has been invited to work with the designers, each of whom will use upcycled fibres from The Billie System to create distinctive designs. In addition, visitors are encouraged to donate their old 100% cotton T-shirts or polo shirts through the Fashion Hong Kong booth, with the first 100 donors getting a limited-edition souvenir made with upcycled materials. A series of "Brand Collection Shows" and "Designer Collection Shows" will be launched over the three days of the event. The former will feature a number of renowned Hong Kong fashion brands while the latter will showcase the best works from different fashion designers. In addition, this year's CENTRESTAGE is honoured to welcome the participation of Fashion Farm Foundation (FFF), which works to promote Hong Kong fashion design. Sponsored by CreateHK, "FFF - Fashion Forward GBA" is an event staged in celebration of the 25th anniversary of the establishment of the HKSAR on the first day of the show, with participating designers including local brands YMDH and Charlotte Ng Studio. The "Hong Kong Kids Fashion Show", which is always eagerly anticipated by fashion-loving parents, will be held on 11 September.CENTRESTAGE helps to nurture local design talentsThis year's event continues to put the focus on up-and-coming local design talents. The seven Hong Kong designer brands that will present in the FASHIONALLY Collection #19 fashion show on day one (9 September) are ARTO., CAR|2IE, FromClothingof, KEVIN HO, Lapeewee, REDEMPTIVE and WHY. In total, three FASHIONALLY Presentation shows will be held on 9 and 10 September with three emerging local fashion labels launching their latest collections, namely Wilsonkaki and new participants Kowloon City Boy and Vo-yage.Another highlight of this year's CENTRESTAGE will be the final of the Hong Kong Young Fashion Designers' Contest 2022 (YDC) on 11 September. The annual YDC has been introducing new faces to the industry every year since 1977. The star-studded judging panel in 2022 includes fashion industry leader, buyers, editors and stylists, with CENTRESTAGE ELITES participating Japanese designer Hideaki Shikama invited as the overseas VIP judge. The 10 shortlisted competitors will compete for four honours, namely Overall Champion, the Excellence Award, the Best Visual Presentation Award and the "My Favourite Collection Award". For the latter, members of the public can vote for their favourite collection online and stand the chance to win one of seven HK$2,000 Lee Gardens Area e-gift coupons sponsored by Hysan Development.Public can venture into the metaverse with new digital experiencesThis year's CENTRESTAGE offers a trip to the metaverse with numerous phygital experiences to enhance visitors' enjoyment. A number of different interactive experiences will be featured at the fairground, such as the CENTREVERSE, jointly developed by Microsoft AltspaceVR and Mirum, where visitors can create their own fashion avatar and interact with others in a virtual world, and even use AR tools to get dressed up. Various seminars will be organised during the show, looking into topics such as how artificial intelligence is being applied in the fashion industry, the development of the metaverse, sustainability in fashion and trend forecasts.CENTRESTAGE will be held alongside the Watch & Clock Fair and Salon de TE, meaning visitors can shop for fashion apparel and quality watches from around the world under one roof. A lucky draw for the special "CENTRESTAGE X Watch & Clock" will be held over the weekend (10-11 September).Websites- CENTRESTAGE: www.centrestage.com.hk- CENETRESTAGE pre-registration link: https://bit.ly/3QNzd7M- Hong Kong Young Fashion Designers' Contest (YDC): www.fashionally.com- CENTRESTAGE in Town: https://centrestage.hktdc.com/ex/centrestageintown/en- Photo download: https://bit.ly/3PKPFVzAbout HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia enquiriesPlease contact the RaconteurMolisa Lau, Tel: +852 6187 7786, email: molisalau@raconteur.hkBetsy Tse, Tel: +852 9742 7338, email: betsytse@raconteur.hkHKTDC's Communication & Public Affairs Department:Snowy Chan, Tel: +852 2584 4537, email: snowy.sn.chan@hktdc.orgAgnes Wat, Tel: +852 2584 4554, email: agnes.ky.wat@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

IKONIC Releases NFT Esports Platform

August 23, 2022

SAN FRANCISCO, CA, Aug 22, 2022 - (ACN Newswire via SEAPRWire.com) - Announcing the launch of IKONIC, the World's First Dedicated NFT Platform for Esports and Gaming Collectibles. The IKONIC platform will be a full-service NFT marketplace that will serve pro-players, gamers, teams, and content creators within the gaming industry; a dedicated marketplace where they can create unique and rare digital items for their fans.IKONIC platform allows esports players and gamers to create NFTs with their gameplay. The IKONIC team realized that some of the most amazing moments in gaming were vanishing just as fast as they were created, and until now, there has not been a way for a player or a fan to own and benefit from fantastic gameplays. IKONIC's ambition is to fuel each gamer's creativity by giving them the ability to turn their passion into profit. Through today's blockchain technology, we can turn esports moments into digital collectibles that will last for eternity. We have so much more than that on the roadmap, because we aim to empower the creator economy, which will open new revenue streams for gamers and esports players. We will merge the cryptoverse and esports, and for the first time, players and fans will - OWN THE MOMENT.There are thousands of esports events every week all around the globe. Still, players cannot get the recognition they deserve. Some of them make better plays than top esports players, but they cannot reach their audience because of the system that is in place. Each player has some fantastic moments, and with IKONIC they can immortalize those moments and earn from their gameplays.We do not forget pro-players; they are our heroes; we cheer for them; we live through them. Ikonic will make it possible for top players to connect with their fans. A place where fans can collect the best gameplay moments.Players will be able to create unique NFTs of their gameplay with a few clicks, and with a click or two more, they will be listed and ready to trade on IKONIC's marketplace. But IKONIC will be much more than that. When we progress into advanced development, the existing marketplace infrastructure and its community will become the foundation for a broader marketplace for game-linked digital assets.The $IKONIC Token will be the key to unlocking rewards for players and fans. Through the $IKONIC Token users will get discounts and have access to specific bonuses within the platform.Soon gamers will have a chance to see our video editing software for advanced NFT creation. The revolutionary NFT Transaction & Performance Analytics will allow every user to analyze data much more effectively -- and efficiently. This year, we will also reveal our Indie Game Launchpad for NFT Games.Led by industry experts IKONIC will be the prime NFT marketplace for the esports and gaming world. Sebastian Ionut Diaconu, CEO of IKONIC, says, "The IKONIC platform allows users to immortalize their outstanding gameplay into video NFTs, the next-gen type of memorabilia for esports. Partnerships and collaborations with the biggest names in esports and rising stars to create IKONIC NFT collections, that will be the foundation for an active ecosystem for the fans, creators, and collectors, with extensive benefits for all participants. In addition to the NFT Marketplace, the Indie Game Launchpad allows game developers and the community to come closer together, get access to exclusive content and in-game items.""Esports players' status as athletes has been disputed for a long time. Creating a legacy through memorable moments captured and stored on Blockchain, earning royalties from these NFTs, and sharing their exceptional capabilities with the world, give them the opportunity to make themselves a legendary or even an IKONIC athlete in the esports world."About IKONICIKONIC is the world's first Esports NFT marketplace. IKONIC aims to bring forth a revolution for gamers, and esports players by offering them the necessary tools to earn from their creations. By combining blockchain technology with state-of-the-art video editing software, IKONIC targets to create a new generation of Esports players that can own their moments. As one of the biggest entertainment industries in the world. Esports should have more freedom, and IKONIC is here to make that dream a reality. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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