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  • Former Criteo Exec and CEO of BuzzFeed Japan Joins Sojern to Lead Asia-Pacific Expansion
    Top APAC Digital Media Executive Aims to Accelerate Growth in Asia-Pacific for Sojern SINGAPORE, March 25, 2019 /PRNewswire/ -- Sojern, the leading provider of digital marketing solutions for the travel industry, today announced the appointment of Masahiro Ueno as Vice President of Asia-Pacific (APAC). Ueno joins Sojern from BuzzFeed Japan, a joint venture set up by BuzzFeed and Yahoo Japan, where he was CEO. Bringing more than 20 years of leadership experience to the role, Ueno will oversee growth across the wider APAC region including Singapore, Hong Kong, Australia, and New Zealand. Max Ueno, Vice President of Asia-Pacific (APAC) at Sojern Already a familiar face to many in this region, Ueno has significant experience having formerly held CEO and President positions at top companies in Japan including BuzzFeed, Criteo, Become, Overture, and DoubleClick. Ueno successfully grew the APAC Criteo business from four employees to over 250 across six regional offices representing over 20 percent of Criteo's global revenue. This announcement comes on the heels of a $120 million financing round by TCV in Sojern following rapid growth in the APAC region. Sojern's Chief Revenue Office, Stephen Taylor said: "Masahiro has a proven track record of success in APAC. He has clearly demonstrated his expertise in building high performing organisations that combine the right blend of people, processes and technology in a rapidly evolving digital market. We are delighted he will bring his strong leadership, digital expertise, and operational discipline to further accelerate growth and build on the current momentum Sojern has in the region." The hiring of Ueno, who will be based in the company's Singapore office, comes at a time when the APAC travel market is soaring. APAC flight departures are up 9.6 percent in 2018. According to the World Travel and Tourism Council, APAC tourism will double in the coming decade reaching almost $1.2 trillion by 2026. As the industry grows, so will the demand for brands to match travellers with personalised marketing offers, whilst overcoming the challenges of precisely targeting consumers across multiple devices, channels, and platforms. Ueno commented, "I am excited to join Sojern at this stage of their growth in APAC as this region is predicted to lead global ad spend growth this year. Sojern has the right technology and expertise to provide a truly unique solution that helps travel brands move customers from dream to destination. Sojern's approach fills a unique gap for travel marketers: its cross-channel approach leverages unique audience data to more effectively drive marketing ROI for travel brands. It's exactly what the APAC region needs." Sojern has in excess of 100 clients across the APAC region including the likes of Scoot and Marina Bay Sands. About Sojern Sojern is built on more than a decade of expertise analyzing the complete traveler path to purchase. The company drives travelers from dream to destination by activating multi-channel branding and performance solutions on the Sojern Traveler Platform for more than 8,500 customers around the globe. Recognized as a Deloitte Technology Fast 500 company six years in a row, Sojern is headquartered in San Francisco, with teams based in Berlin, Dubai, Dublin, Hong Kong, Istanbul, London, Mexico City, New York, Omaha, Paris, Singapore, and Sydney. Photo - https://mma.prnewswire.com/media/839791/4__30_of_41___1.jpg Logo - https://mma.prnewswire.com/media/249299/sojern_logo.jpgRelated Links :http://www.sojern.comhttps://www.sojern.com/
  • Huntkey Releases 4 More LED Desk Lamps
    SHENZHEN, China, March 23, 2019 /PRNewswire/ -- Huntkey, a leading global provider of power solutions, has recently released 4 more of its multi-functional LED desk lamps with dimming system and eye protection functions for global use. The lamp models include HL-E200, HL-E300, HL-E400 and HL-E500. https://en.huntkey.com/wp-content/uploads/2019/03/1.jpg https://en.huntkey.com/products/led-lighting/desk-lamp/ HL-E200The HL-E200 is a compact desk lamp that can be easily handled. It features a high-end brown leather body which is made from ABS, and a dimmable lamp with 3-grade CCT adjustment. It has a built-in lithium battery with large capacity, a color rendering index higher than 80 to meet daily use demands. HL-E300The HL-E300 is a snow white lamp equipped with a stepless dimming system, providing the user with a super easy way to control its brightness. It utilizes eye-care technology to produce soft light that protects eyes with no radiation and flicker. It features a super slim goose neck as its stand, which is capable of providing a 360-degree lighting angle. It's simplistic designed, with a total white and polished appearance, which makes it a tasteful addition to home and office. HL-E400The HL-E400 is made from silicone and ABS, an opaque thermoplastic characterized by resistance to heat and impacts. It offers 3 optional color temperatures and a 5-step of dimming choice, which is designed for the user to fit his or her mood. It also provides a 360-degree of lighting angle for convenient use, and produces soft light to protect eyes. HL-E500The HL-E500 is a well-designed lamp with a power output of 10W. It produces soft light that is verified comfortable for eyes. Applied with smart-touch technology, it allows the user to easily and steplessly change its correlated color temperature from2700 to 5500K. It is integrated with 2 shafts between its base, stand and light cover, which makes it foldable to provide different lighting angles. Model Specifications HL-E200 Power: 5W LED Nightlight Battery Capacity: 2000mah Luminous Flux: 240LM CRI: Ra>80 Color: Brown CCT: 2700-5500K Dimensions: 9.5*7.2*50cm ETL, FCC Certified HL-E300 Power: 6W Adapter: DC12V/0.5A Luminous Flux: 380LM CRI: Ra>80 Color: White/Black CCT: 4000K Dimensions: 18*12.5*37.5cm ETL, FCC Certified HL-E400 Power: 7W Adapter: DC12V/1A Luminous Flux: 330LM CRI: Ra>80 Color: Black CCT: 2700-5500K Dimensions: 15.5*14*60cm ETL, FCC Certified HL-E500 Power: 10W Adapter: DC12V/1A Luminous Flux: 400LM CRI: Ra>80 Color: White/Black CCT: 2700-5500K Dimensions: 18*12.5*37.5cm ETL, FCC Certified   About Huntkey Huntkey Group, founded in 1995 and headquartered in Shenzhen, is a member of The International Power Supply Manufacturer's Association (PSMA) and a member of The China Power Supply Society (CPSS). With branch companies in the USA, Japan and other areas, and cooperating factories in Brazil, Argentina, India and other countries, Huntkey has specialized in the development, design, and manufacturing of PC power supplies, industrial power supplies, surge protectors, adapters and chargers for many years. With its own technologies and manufacturing strength, Huntkey has served Lenovo, Huawei, Haier, DELL, ZTE, Bestbuy and many other large enterprises for years, and has received unanimous recognition and trust from many customers. For more information, please visit website: https://en.huntkey.com/   View original content:http://www.prnewswire.com/news-releases/huntkey-releases-4-more-led-desk-lamps-300817389.htmlRelated Links :http://en.huntkey.com
  • Initial Animation Produced by HTC VIVE Gloomy Eyes, EP1, The Encounter Won the Best Storytelling Award at SXSW Film Festival
    Three consecutive festival award winning experience, the Premier Received Positive Remarks in the US TAIPEI, Taiwan, March 23, 2019 /PRNewswire/ -- The SXSW Film Festival has announced that the best storytelling award went to the VR animation, Gloomy Eyes, EP1, The Encounter produced by HTC VIVE, the leading brand in smartphone and VR innovative design in collaboration with the French VR production company Atlas V. SXSW 2019 Film Festival - Jury Award Winner “Gloomy Eyes” Gloomy Eyes is the first VR animation HTC VIVE produced in collaboration with international collaborator. The series consists of a trilogy. The sexy celebrity Colin Farrell was invited to dub the film in the first episode. Another VR film The Making Of, produced by HTC VIVE under the umbrella film series project 5x1, directed by Midi Z was also nominated by SXSW Film Festival for its Virtual Cinema session. Both films have entered the finalists of "Best 360 video", "Best Storytelling", and "Best use of immersive arts". At the Austin Premier, Gloomy Eyes and The Making Of gathered the longest queue for experiencing the films. Audiences gave the fine 6K quality of HTC VIVE PRO thumbs up. Many of them even felt "hungry" after seeing the dumpling-eating scene in The Making Of. The VR animation Gloomy Eyes, EP1, The Encounter was produced by HTC VIVE VR Content Center in collaboration with Atlas V, a famous French animation company in collaboration with the Argentinian studio 3DAR, the European broadcaster Arte and the US studio RYOT. Liu Szu-Ming, Vice president of HTC VIVE VR Content Center and co-producer of Gloomy Eyes, EP1, The Encounter said: "I am very pleased that after the recognition by the Sundance Film Festival, Gloomy Eyes, EP1,The Encounter won the best VR short film award at the 38th Brussels International Animation Film Festival on the 10th; while it won the best storytelling award in SXSW festival, winning awards from three film festivals. It is truly a breakthrough for HTC VIVE, who devotes to the development of HTC VIVE originals." HTC VIVE VR Content Center has developed various VR production in the past two years, and also created the VR commercial theater management system. Besides the production of the VR animation Gloomy Eyes, the global screening of Gloomy Eyes will help the distribution of HTC VIVE content in the European, American and Asian markets. After learning Gloomy Eyes, EP1, The Encounter has received the award, producer Antoine Cayrol said with pleasure: "All the Gloomy Eyes, EP1, The Encounter team is very grateful for being awarded Best Storytelling piece of the Virtual Cinema at SXSW. Innovation in technology and groundbreaking storytelling have always been the heart of this unique festival. And today is the first year that emerging storytelling is receiving official awards, it feels like a very special to us." The game engine real-time computing is applied to Gloomy Eyes, EP1, The Encounter with the mobility of HTC VIVE 6DoF (6 degrees of freedom). Viewers are allowed to freely walk around when watching the films as wandering in the world of animation. The story narrates that a boy has no choice but escape into a forest to avoid the bounty hunter since he stole the belongings from the chief of the village. He then falls in love with a girl he meets during the journey. View original content to download multimedia:http://www.prnewswire.com/news-releases/initial-animation-produced-by-htc-vive-gloomy-eyes-ep1-the-encounter-won-the-best-storytelling-award-at-sxsw-film-festival-300817132.html
  • Jimu Group Limited Announces 2018 Annual Results
    Profit before Taxation Amounts to 1.874 Million Loan Facilitation Business Emerges as Growth Driver Hong Kong, March  23, 2019 /PRNewswire/ -- Jimu Group Limited (the "Company", stock code: 8187.HK, or together with its subsidiaries collectively referred to as the "Group"), focusing on businesses of footwear design and development and loan facilitation, is pleased to announce the annual results of the Company for the year ended 31 December 2018 (the "Period") today. Various uncertainties continue to cloud the global economy. Under this depressed retail market, the sales revenue of the Company's footwear business dropped significantly. However, the Company's loan facilitation business has achieved remarkable result which has reduced the impact from the depressed retail market. As a result, during the Period, the Group recorded revenue of approximately HK$219,353,000, a slight decrease of 7.3% compared year-on-year, and profit before taxation of HK$1,874,000. The Group also posted net loss of HK$3,991,000, significantly narrowed from 2017's HK$9,009,000 million loss, resulted with a loss per share at HK$0.83 cents. Among which, benefited from the growing loan facilitation business, the Company achieved turnaround and recorded quarterly profit in the third quarter of 2018, and the profit further increased to HK$14,410,000 in the fourth quarter. The Board do not recommend the payment of annual dividends this year (2017: No dividends). Accomplishments of Loan Facilitation Business The Group started the loan facilitation business in April 2018. The business sector had a strong growing momentum in 2018, which had already recorded profit in the third quarter, and further expanded the profit to HK$19,911,000 in the fourth quarter. Overall, this business sector recorded annual revenue of approximately HK$96,226,000, and generated profit of HK$24,296,000. The Group mainly provides consulting and credit assessment services to customers in the third and fourth tier cities in China to help them to obtain financing at reasonable cost. Through personal outreach to small and micro enterprise owners, continuous education on financing solutions, data collection and analysis and consultation, the Group aims to assist the customers to obtain appropriate financing solutions from third parties such as financial institutions and/ or other financing platforms, and also provide continuous customer support. As the end of December 2018, the Group has already set up over 40 branch offices across different regions in China to provide assistance to customers with financing needs, with a particular focus on small and micro enterprise owners in third and fourth tier cities in China, who in general, compared to the small and micro enterprise owners in first tier cities, have weaker knowledge or access of financing solutions available in the market, and shows greater market potentials. Mr. Dong Jun, Executive Director and Chairman said, "We believe that China government's emphasis on the development of facilitating inclusive finance is going to pose ample opportunities for the Group; therefore we are optimistic about the future development of the loan facilitation business and would be willing to devote more resources into it." Footwear Business Facing Downward Pressure The Group offers formal and casual footwear for men, women and children to its customers. Resulting from various global uncertainties, in particular, the continuous impact of the Brexit, sluggish economic growth in the EU and the US-China trade dispute which adversely affected customer sentiment, as well as more intense competitions in the footwear industry which led to declining revenue and depressing profit margins. The Group continued to strive for a better footwear business performance. In the fourth quarter in 2018, the footwear business made improvements and recorded revenue growth and thus relatively mild quarterly loss as compared with the first three quarters. However, the footwear business still recorded a net loss in 2018. During the Period, the footwear business suffered from a great reduction in revenue to HK$123,127,000, resulting in a net loss of HK$10,135,000. Prospects Riding on the financial services experiences and skills accumulated by the controlling shareholders of the Group in mainland China, the Group actively participated in the microfinance services market in mainland China. Its loan facilitation business, which was newly launched in 2018, has already been the major driving force of the Group's business. Although we anticipate 2019 will be a challenging year due to the economic uncertainties, the Group is optimistic about the future development of the loan facilitation business and will devote more resources into it, including but not limited to increasing geographical coverage, expanding target customer group and other upstream/ downstream expansion. For its footwear business, the Group adopted certain cost-cutting measures and slowed down certain business plan for the footwear business in view of declining revenue and business performance. In future, the Group will evaluate the current business model and viability of the footwear business in the long-term so as to create the most value for its shareholders. Mr. Dong Jun said, "Looking forward, we are actively modifying the business model for the footwear business, and, based on the development of the loan facilitation business, seeking for more opportunities in the financial sector to strive for diversification growth and sustainable development." -The End- About Jimu Group Limited(Stock code: 8187.HK) Jimu Group Limited, formerly EverSmart International Holdings Limited ("EverSmart"), listed on the GEM of Stock Exchange of Hong Kong Limited in 2016. The Company is principally engaged in the design, development and production of footwear, and is also engaged in the provision of logistics management service and financial services. Hitherto, the Company achieved outstanding business development with its business sectors and partners now covering Hong Kong, mainland China and about 30 other countries and regions in the world. In October 2017, the Asia Matrix Investments Limited, the controlling shareholder of EverSmart, entered into a sale and purchase agreement with Jimu Group Holdings Limited, selling 350,400,000 shares of the Company to Jimu Group Holdings, which accounted for 73.00% of the issued shares of the Company. Jimu Group Holdings acquired 50% or more of the voting rights of the Company. In March 2018, Ever Smart declared its change of company name, logo, stock short names and company websites to "Jimu Group Limited" to replace "Ever Smart International Holdings Limited", which had been used for identification purpose only. The Company is principally engaged in the design, development and production of footwear, as well as logistics services. Currently, the Group has already built a diverse global customer portfolio and developed close relationship with manufacturers in the major footwear processing regions in PRC, and reaching sales orders from dozens of countries across the world. Starting from 2018, the Group entered into a new journey by providing loan facilitation services to customers in relatively underserved markets. It successfully leveraged on the experience and understanding of its shareholders, quality customer services and strong analytics skills to have set up significant number of loan facilitation branch offices across China to serve micro-enterprises, individual businessmen and cultivators in third and fourth tier cities with efficient and pragmatic loan facilitation service, and assist them to obtain appropriate financing solutions from third parties such as financial institutions and/ or other financing platforms. With the wide coverage of its services across cities in China, its venture has yielded very encouraging results which is believed to be one of the driving forces of the Company to further strengthen the Group's business diversity strategy and future sustainable development.
  • Hublot and Ferrari Open a New Chapter in Their Collaboration With the Classic Fusion Ferrari GT Watch
    Classic Fusion Ferrari GT BALE, Switzerland, March 23, 2019  /PRNewswire/ -- Since the very start of their collaboration in 2011, Hublot and Ferrari have always created watches with a unique design and motorisation. Each new edition introduces a new style. This year, Hublot presents an elegant and contemporary piece that draws inspiration from the "Gran Turismo" universe. The launch of the Classic Fusion Ferrari GT watch – with its extremely innovative design which integrates the new UNICO manufacture movement in a body with distinctive and dynamic lines - sees Hublot and Ferrari write a new chapter in their collaboration. Hublot Classic Fusion Ferrari GT 3D Carbon To keep updated, follow: #ClassicFusionFerrariGT #HublotFerrari The long-term collaboration between Hublot and Ferrari is one of a kind and an endless source of creative inspiration that builds on the common values these two prestigious houses share. The constant drive for innovation and refinement behind the unstoppable creative impetus of both Ferrari and Hublot has come to life in the Big Bang Ferrari, the MP-05 LaFerrari and the Techframe. The collaboration first drew inspiration from the racing world and Formula 1, with the Big Bang Ferrari editions. In 2017, Hublot and Ferrari expanded to the universe of GT, with the Techframe Ferrari Tourbillon Chronograph specifically created to celebrate the 70th anniversary of Ferrari. This year the collaboration goes a step further in this world, which has always defined a travel philosophy that combines tradition, elegance and technical perfection. "Driving over long distances at high speed in comfort and with style." This is what the "Gran Turismo" spirit is about. The term also defines a category of limited-production, very high-performance luxury cars. The GT world is one of innovation and refinement, with a passion for mechanics performance and innovation and an appreciation for elegance and beauty. To pay homage to the "Grand Touring" cars, Hublot and Ferrari have now combined for the first time their sense of aesthetic creativity and mechanical innovation in a Classic Fusion, a watchmaking chassis that is both traditional and modern, in line with the stylistic codes of the GT universe. Another first: the famous UNICO manufacture movement has been integrated into a 45-mm-diameter Classic Fusion case. This is the second of Hublot's own chronograph calibres, unveiled in 2018 (HUB1280). Protected by four patents, this self-winding flyback chronograph movement, with 4 Hz frequency (28'800 A/h) and a column wheel that can be seen from the dial side, has technical specifications that are fit for a champion with, in particular, a thickness of only 6.75 mm and 3-day power reserve that is very useful for day-to-day life. The entirely new Classic Fusion Ferrari GT is available in three different cases: Titanium (limited edition of 1,000 pieces), King Gold (limited edition of 500 pieces) and 3D Carbon (limited edition of 500 pieces). All-new in the Fine Watchmaking world, 3D Carbon is a polymer matrix composite (PMC) made of three-dimensional fibres. This high-tech material, which is very popular in motorsport, has outstanding qualities of resistance and, in the case of the Classic Fusion Ferrari GT, offers a lightweight but solid layer of protection, to the UNICO manufacture movement. Designed by the "Centro Stile Ferrari", the new Classic Fusion Ferrari GT draws inspiration from the GT designed and crafted in the Maranello workshops. Its design is very contemporary; Hublot worked on the motor and Ferrari on the body. One of the main design features of the Classic Fusion Ferrari GT is the case, conceived as a true concentrical suspended element that enhances the dial presence and the sophisticated manufacturing making process. For this purpose, the "Centro Stile Ferrari" designers applied their expertise, building bridges between automotive design and watchmaking motorisation, and thereby proving that they love to work and surpass themselves on other projects than those linked to cars. Entirely different yet resolutely complementary to the Techframe launched in 2017, the Classic Fusion Ferrari GT is a watch for lovers of fine mechanical pieces who want to display a contemporary and refined style. The dial is transparent thanks to the use of sapphire crystal and reveals the high-precision mechanics of the UNICO HUB1280 calibre, with the famous Prancing Horse appearing at 12 o'clock. Each and every detail has been subjected to meticulous finishing touches like the red thread around the sapphire crystal with anti-reflective coating, a stylistic reference to the legendary Ferrari colour. The straps of the Classic Fusion Ferrari GT have been subtly created in black rubber and dressed in Schedoni leather, like the seats of the Maranello historical race cars. Round like a racing tachometer, the new Classic Fusion Ferrari GT is a piece for our time, with particular attention paid to the ergonomics and a thickness of only 13.15 mm, a rarity for an integrated flyback chronograph. This innovatively designed, airy watch of rare elegance opens a major new chapter in the partnership of excellence between Hublot and Ferrari. HUBLOT Founded in Switzerland in 1980, HUBLOT is defined by its innovation, which began with the highly original combination of gold and rubber. This "Art of Fusion" stems from the imagination of its visionary Chairman, Jean-Claude Biver, and has been driven forward by CEO Ricardo Guadalupe since 2012. The release of the iconic, multi-award-winning Big Bang in 2005 paved the way for new flagship collections (Classic Fusion, Spirit of Big Bang), with complications ranging from the simple to the highly sophisticated, establishing the extraordinary DNA of the Swiss watchmaking house and ensuring its impressive growth. Keen to preserve its traditional and cutting-edge expertise, and guided by its philosophy to "Be First, Different and Unique", the Swiss watchmaker is consistently ahead of the curve, through its innovations in materials (scratch-resistant Magic Gold, ceramics in vibrant colours, sapphire), and the creation of Manufacture movements (Unico, Meca-10, Tourbillon). HUBLOT is fully committed to creating a Haute Horlogerie brand with a visionary future: a future which is fused with the key events of our times (FIFA World Cup™, UEFA Champions League™, UEFA EURO™ and Ferrari) and the finest ambassadors our era has to offer (Kylian Mbappé, Usain Bolt, Pelé). Discover the HUBLOT universe at our network of boutiques located in key cities across the globe: Geneva, Paris, London, New York, Hong Kong, Dubai, Tokyo, Singapore, and at HUBLOT.com       TECHNICAL SPECIFICATIONS     REFERENCE CASE CASE-BACK BEZEL Titanium: 526.NX.0124.VR Limited to 1000 pieces King Gold: 526.OX.0124.VR Limited to 500 pieces 3D Carbon: 526.QB.0124.VR Limited to 500 pieces   Titanium : Microblasted Titanium King Gold  : 18K King Gold Carbon : Carbon 3D Fiber   Diameter: 45mm Thickness: 13.15mm Water resistance: 10 ATM (100m) Titanium and 3D Carbon : Microblasted Titanium and Sapphire crystal   King Gold  : Microblasted 18K King Gold and Sapphire crystal       Titanium : Microblasted Titanium Polished black-plated Titanium lower bezel   King Gold : Microblasted 18 K King Gold Polished black-plated Titanium lower bezel   Carbon 3D: Polished black Ceramic Microblasted Titanium lower bezel   4 H-shaped Titanium screws DIAL MOVEMENT STRAP & BUCKLE PRICE (On 20th of March 2019)   Sapphire crystal   HUB1280: UNICO Manufacture Self-winding Chronograph flyback movement with column wheel Frequency: 4Hz (28'800 A/h) Power reserve: 72 Hours No. of Components: 354 Jewels: 43     Schedoni Leather Strap and black Rubber   Titanium: Titanium deployant buckle clasp   King Gold: 18K King Gold and Black-plated Titanium deployant buckle clasp   3D Carbon: Black Ceramic and black-plated Titanium Deployant buckle clasp   Titanium : 20'900 CHF 21'700 EUR 22'000 USD 18'200 GBP   King Gold : 36'900 CHF 38'300 EUR 38'800 USD 32'100 GBP   3D Carbon : 25'900 CHF 26'900 EUR 27'300 USD 22'600 GBP   Click here to download the pictures Stay updated with #HublotBaselworld #Hublot Hublot Classic Fusion Ferrari GT King Gold   Hublot Classic Fusion Ferrari GT 3D Carbon 2   Hublot Classic Fusion Ferrari GT Titanium   Hublot Classic Fusion Ferrari GT 3D Carbon   Hublot Classic Fusion Ferrari GT King Gold 2   Photo - https://mma.prnewswire.com/media/839788/Hublot_Classic_Fusion_Ferrari_GT_3D_Carbon.jpg   Photo - https://mma.prnewswire.com/media/839824/Hublot_Classic_Fusion_Ferrari_GT_King_Gold.jpg   Photo - https://mma.prnewswire.com/media/839820/Hublot_Classic_Fusion_Ferrari_GT_3D_Carbon_2.jpg   Photo - https://mma.prnewswire.com/media/839821/Hublot_Classic_Fusion_Ferrari_GT_Titanium.jpg   Photo - https://mma.prnewswire.com/media/839822/Hublot_Classic_Fusion_Ferrari_GT_3D_Carbon.jpg   Photo - https://mma.prnewswire.com/media/839823/Hublot_Classic_Fusion_Ferrari_GT_King_Gold_2.jpg     Related Links :http://www.hublot.com/
  • Arçelik to Acquire Singer Bangladesh Operations for $75 Million
    Arçelik continues to expand its footprint in Asia-Pacific, announcing the acquisition of Retail Holdings Bhold BV which is the majority shareholder of Singer Bangladesh, one of the leading home appliances retailers and manufacturers in Bangladesh for $75 million The deal is key to Arçelik's strategy of creating a continuous and strong presence along the historical Silk Road ISTANBUL, March 23, 2019 /PRNewswire/ -- Arçelik (IST: ARCLK), a leading player in the home appliances industry, has signed an agreement to acquire Retail Holdings Bhold BV which has a majority stake in Singer Bangladesh Limited (SINGERBD), one of the leading home appliance retailers and manufacturers in Bangladesh, to expand its foothold further in Asia-Pacific. Under the agreement, Arçelik's wholly owned subsidiary Ardutch B.V., will acquire Retail Holdings B.V., the company that controls 57 percent of Singer Bangladesh shares in a deal worth of $75 million. Arçelik CFO Polat Şen, Koç Holding Consumer Durables Group President Fatih Kemal Ebiçlioğlu, Arçelik CEO Hakan Bulgurlu   Founded in 1905 and headquartered in Dhaka, Singer Bangladesh has an extensive product portfolio, ranging from refrigerators to washing machines, televisions to air conditioners. It has top two positions in major product groups as well as the largest retail distribution network in Bangladesh appliance market. Singer Bangladesh has 1,507 employees and it reported 2018 revenues of $164 million. Singer Bangladesh's reported EBITDA and net income are $20 million (12.4%) and $11 million (6.7%) respectively. Arçelik has been intensively growing in Asia-Pacific in the last decade with greenfield investments in China, Thailand, Pakistan, and India in a bid to establish a trade corridor along the historical Silk Road. Koç Holding Consumer Durables Group President Fatih Kemal Ebiçlioğlu said: "This acquisition is another significant step on our Silk Road strategy. Bangladesh is one of the fastest-growing economies in the world, and it will further accelerate in the medium to long term. The market offers huge potential with its expanding middle class and young population. We will combine our global expertise, scale and knowledge with the strong market position of Singer Bangladesh equipped with its strong brand image, for further product developments to grasp the local market needs." Arçelik CEO Hakan Bulgurlu said; "Over the next decade, the growth in our industry will come from Asia-Pacific. Singer Bangladesh is a strategic fit for us, and this deal is a unique opportunity to invest in Bangladesh, a market which holds a great untapped potential. Singer Bangladesh has a strong brand heritage, extensive retail network, and a talented management team. We will continue to build on these strengths by pushing new boundaries and creating strong synergies across retail management, production, purchasing and product sourcing. Our mid-term target is to become the market leader in the major product groups." Stephen H. Goodman, Retail Holdings Chairman, President and CEO, noted "The Singer Bangladesh business will benefit significantly from the sale as Arçelik is a much larger and financially much stronger company, with a commitment to and a world-wide reputation in the home appliance sector. Following the sale, Singer Bangladesh will continue to have a royalty-bearing license from SVP Worldwide, the owner of the Singer trademark, to use "Singer" in the company name and the "Singer" brand on its stores, products and services." ABOUT ARÇELİK Founded in 1955 Arçelik has operations in the durable consumer goods industry with production, marketing and after-sales services, Arçelik offers products and services in 146 countries with its 30,000 employees, 21 different production facilities in 8 countries (Turkey, Romania, Russia, China, South Africa, Thailand, Pakistan and India),  34 sales and marketing companies all over the world and  12 brands (Arçelik, Beko, Grundig, Blomberg, ElektraBregenz, Arctic, Leisure, Flavel, Defy, Dawlance, Voltas Beko and Altus). Arçelik is listed on Istanbul Stock Exchange. http://www.arcelikglobal.com ABOUT RETAIL HOLDINGS BHOLD BVRetail Holdings Bhold B.V. is a Dutch private company with limited liability, incorporated in Amsterdam on January 29, 1990. The Company has been a member of the Retail Holdings/Singer Group and has been acting as a holding company. ABOUT SINGER BANGLADESHSinger is the largest retailers of consumer durables in Bangladesh, with 385 company owned stores. Singer commenced operations in the region in 1905. Today Singer sells all categories of household consumer durables under the Singer and third-party brands. The company also has over 700 wholesale dealers. Singer Bangladesh is 57% owned by Retail Holdings Bhold B.V. (The Netherlands) and the remainder of shares of the company are publicly traded in DSE and CSE. http://www.singerbd.com Logo - https://mma.prnewswire.com/media/839270/Arcelik_Logo.jpgPhoto -  https://mma.prnewswire.com/media/839285/Arcelik.jpg Related Links :http://www.arcelikglobal.com
  • Phoenix New Media Announces Definitive Agreement to Sell Investment in Yidian
    BEIJING, March 23, 2019 /PRNewswire/ -- Phoenix New Media Limited ("Phoenix New Media", "ifeng" or the "Company") (NYSE: FENG), a leading new media company in China, today announced that it has entered into a share purchase agreement (the "SPA") with Run Liang Tai Management Limited ("Run Liang Tai") to sell 32% of the total outstanding shares of Particle Inc. ("Particle") to Run Liang Tai and its designated entities (the "Proposed Buyers") for a total consideration of US$448 million in cash (the "Proposed Transactions"). Particle owns Yidian Zixun ("Yidian"), a rapidly-growing personalized news and lifestyle information application in China that allows users to efficiently define and explore individualized content over mobile devices. The Company currently owns approximately 37.63% of the total outstanding shares of Particle on an as-if converted basis and is expected to own approximately 5.63% if the Proposed Transactions are completed. As previously announced by the Company, the Company entered into a binding letter of intent (the "LOI") for the Proposed Transactions on February 23, 2019. The Proposed Buyers have paid cash deposit of US$100 million to the Company, and the Company and the Proposed Buyers entered into the SPA on March 22, 2019, the deadline set forth in the LOI. Completion of the Proposed Transactions, however, are still subject to certain closing conditions (the "Closing Conditions"), including but not limited to approvals by the board of directors and shareholders of the Company's parent company, Phoenix Media Investment (Holdings) Limited (including any related necessary approval by The Stock Exchange of Hong Kong Limited), as well as approvals, consents and waivers, as applicable, of other shareholders of Particle. There is no assurance that the Proposed Transactions will ever be closed. As previously announced by the Company, the Company may be required to return the US$100 million of deposit to the Proposed Buyers together with interests, and may be required to pay liquidated damages, if the Proposed Transactions fail to close for certain reasons. While the SPA includes substantially the same terms as set forth in the LOI, the Company also agreed in the SPA that it will (i) pay liquidated damages of US$40 million and otherwise fully compensate the Proposed Buyers if the Company materially breaches its representations, warranties and obligations under the SPA, and (ii) pay to the Proposed Buyers additional compensation calculated at an annual rate of 6% for the period in which the Company has held the US$100 million of deposit if the Proposed Transactions fail to close before July 22, 2019 or within such longer period as agreed by the parties due to failure to obtain approvals by the board of directors and shareholders of Phoenix Media Investment (Holdings) Limited for the Proposed Transactions. "We are moving one more step closer towards realizing the return on our investment in Yidian,"said Mr. Shuang Liu, Chief Executive Officer of iFeng. "We believe that selling partial ownership of Yidian to a strategic buyer will help maximize Yidian's growth potential as well as fuel our own growth in the long-run." About Phoenix New Media Limited Phoenix New Media Limited (NYSE: FENG) is a leading new media company providing premium content on an integrated platform across Internet, mobile and TV channels in China. Having originated from a leading global Chinese language TV network based in Hong Kong, Phoenix TV, the Company enables consumers to access professional news and other quality information and share user-generated content on the Internet and through their mobile devices. Phoenix New Media's platform includes its ifeng.com channel, consisting of its ifeng.com website and web-based game platform, its video channel, comprised of its dedicated video vertical and mobile video services, and its mobile channel, including its mobile Internet website, mobile applications and mobile value-added services. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Phoenix New Media's strategic and operational plans, contain forward-looking statements. Phoenix New Media may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Phoenix New Media's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of the online and mobile advertising, online video and mobile paid service markets in China; the Company's reliance on online advertising and MVAS for the majority of its total revenues; the Company's expectations regarding demand for and market acceptance of its services; the Company's expectations regarding the retention and strengthening of its relationships with advertisers, partners and customers; fluctuations in the Company's quarterly operating results; the Company's plans to enhance its user experience, infrastructure and service offerings; the Company's reliance on mobile operators in China to provide most of its MVAS; changes by mobile operators in China to their policies for MVAS; competition in its industry in China; and relevant government policies and regulations relating to the Company. Further information regarding these and other risks is included in the Company's filings with the SEC, including its registration statement on Form F-1, as amended, and its annual report on Form 20-F. All information provided in this press release is as of the date of this press release, and Phoenix New Media does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries please contact: Phoenix New Media LimitedQing LiuEmail: investorrelations@ifeng.com ICR, Inc.Jack WangTel: +1 (646) 405-4883Email: investorrelations@ifeng.com View original content:http://www.prnewswire.com/news-releases/phoenix-new-media-announces-definitive-agreement-to-sell-investment-in-yidian-300817103.html
  • Vivo Announces to Empower Gamers' Conquest at PUBG MOBILE Club Open 2019 by Tencent Games and PUBG Corporation
    Being the official smartphone partner, Vivo showcases its commitment to connect with gamers around the world SHENZHEN, China, March 23, 2019 /PRNewswire/ -- Today, Vivo announced the partnership with the world's leading mobile game- PlayerUnknown's Battlegrounds Mobile (PUBG MOBILE) by Tencent Games and PUBG Corporation as the title sponsor of the upcoming PUBG MOBILE Club Open 2019, one of the biggest mobile gaming tournament in the world. Vivo will provide the official smartphones for the PUBG MOBILE Club Open 2019, which players from ten regions across the globe will be leveraging to battle their way through the Spring & Fall Split, for the total prize pool of $2.5M USD. This global partnership reinforces Vivo's commitment to bringing an ultra-smooth gaming experience to connect with consumers through meaningful partnerships. PUBG MOBILE Club Open 2019 Vivo thrives to be at the forefront of the eSports industry to best serve its consumers. The partnership with PUBG MOBILE is a key milestone especially given that it is a leading mobile game developed by Tencent Games and PUBG Corporation that has over 200 million fans per download excluding China, Korea, and Japan. As one of the biggest mobile gaming tournaments in the world, PUBG MOBILE Club Open 2019 is a strong opportunity to showcase Vivo's vision of 'enjoying the extraordinary' by bringing global players a true gaming experience like no other. This global partnership will unfold and strengthen Vivo's position in being an innovative and stylish brand that always puts our consumer experience first. The PUBG MOBILE STAR CHALLENGE 2018 was watched by over 230 million viewers and drew in over 5,000 live attendees at the global finals in Dubai. The qualifying round of PUBG MOBILE Club Open 2019 will begin on March 22, 2019. The Spring Split Global Finals will be hosted in July this year, with the Fall Split Global Finals following in December. "We are excited to partner with Vivo, as they have a strong reputation in being innovative and putting the consumer's needs first. As an innovative brand ourselves, this partnership highlights our dedication to bring the best experience possible to our players and fans around the world. This partnership is just the beginning, we want to continue building a strong portfolio of partnerships with industry-leading companies, such as Vivo, to provide the best mobile gaming experience possible," said Vincent Wang, General Manager of Global Publishing Department, Tencent Games. About Vivo Vivo is a leading global technology company committed to creating trendsetting smart mobile products and services. Vivo is devoted to forming a vibrant mobile internet ecosystem, and currently owns and operates an extensive network of research operations, with R&D centers in the US (San Diego) and China (Dongguan, Shenzhen, Nanjing, Beijing and Hangzhou). These centers focus on the development of cutting-edge consumer technologies including 5G, AI, mobile photography and next-generation smartphone design. Vivo has over two hundred million users enjoying its mobile products and services around the world. Vivo is present in 18 markets globally and features offline retail stores in over 1,000 cities worldwide. About PUBG MOBILE PUBG MOBILE is developed by Tencent Games and PUBG Corporation and based on PLAYERUNKNOWN'S BATTLEGROUNDS, the original PC and Xbox One gaming phenomenon that took the world of interactive entertainment by storm in 2017. Up to 100 players parachute onto a remote island to do battle in a winner-takes-all showdown. Players must locate and scavenge their own weapons, vehicles and supplies, and defeat every player in a visually and tactically rich battleground that forces players into a shrinking play zone. PUBG MOBILE is available to download for free on the App Store and Google Play. For more information, please visit the official PUBG MOBILE accounts on Facebook, Twitter and YouTube. Photo - https://mma.prnewswire.com/media/824375/Vivo_logo.jpg Photo - https://photos.prnasia.com/prnh/20190322/2411500-1
  • AGTech Announces 2018 Annual Results
    HONG KONG, March 22, 2019 /PRNewswire/ -- AGTech Holdings Limited ("AGTech" or the "Company", HKEX stock code:08279) today announced its annual results for the year ended December 31, 2018. John Sun, Chairman and Chief Executive Officer of AGTech said, "2018 has been a challenging yet rewarding year for AGTech as we continue to realize the potential of being a part of the Alibaba family, we advanced our business on many strategic fronts. Over the past year, we continued to promote synergy by integrating our resources, identifying ways to leverage and complement Alibaba Group's vast network and new retail initiative, putting in place the necessary business and commercial arrangements. Strategic initiatives such as lottery distribution within Alibaba's retail channels, optimizing the lottery channels on mobile Taobao & Alipay, launch of our sports interactive casual product during the 2018 World Cup are all synergies we have managed to create within the Alibaba ecosystem. As the exclusive lottery platform of Alibaba Group and Ant Financial Group, we will continue to strengthen cooperation with other Alibaba Group's networks, provide more innovated initiatives across different products, channels, technology and marketing campaigns to help expand the access and popularity of lottery, and thereby contributing to the healthy development of the lottery industry of PRC." "As a leading lottery manufacturer and supplier in China, our hardware division continues to support and work with China lottery authorities, with lottery terminals deployed in major provinces across China. Our technical research and development team will continue to bring innovative products to the market in enhancing experience for both lottery retail owners and customers. " "Gamepind, the mobile gaming platform launched by our overseas joint venture with PayTm Group, continues to be a strategic growth area for our company. Gamepind will continue to build on its growing user base, paving way to further commercial and monetization opportunities in capturing the growing market in India. Looking forward, we will continue to seek strong suitable local partners in selected international markets to further leverage our platforms of games and entertainment offerings to serve more customers globally in the future." "On the international front, AGTech participated in the 2018 World Lottery Summit held in Buenos Aires, Argentina as one of four Gold Contributors of the World Lottery Association (WLA). The WLA is committed to advancing the interests of state-authorized lotteries globally, adhering to the strictest standards of social responsibility, responsible gaming, security and risk management. We believe that this will affirm our contribution to the positive growth and development of lottery in China and around the world." "Importantly, we continued to invest in our future, laying the necessary foundation for our team, systems, technology and infrastructure to be well positioned towards our initiative to become a data technology company. As the exclusive lottery platform of Alibaba Group and Ant Financial Group, our ability to capture the opportunities as it relates to the potential resumption of online lottery distribution will be better than ever. Our games and entertainment teams will continue to develop additional interactive social and sports-related offerings. AGTech's initiative as a data enabler through big data applications, which we expect to be witnessed in our upcoming co-operation with the Guangdong Sports Lottery Center on the construction of a comprehensive lottery network service platform, is the foundation that is required towards empowering digitization to our industry. We believe that our commitment to innovation, coupled with our perseverance and focus on the long term, will significantly reward our shareholders and their patience in the future. " 2018 Key Financial Highlights Revenue of the Group for 2018 amounted to approximately HK$168.6 million representing a decrease of approximately 44.2% over 2017. Revenue contributions were mainly derived from lottery hardware, lottery games and systems, provision of distribution and ancillary services, games and entertainment business in the PRC. The decrease in revenue for the year was caused by a decrease of approximately HK$86 million in revenue from the games and entertainment division and a decrease in sales of lottery hardware of approximately HK$60.3 million, partially offset by an increase of approximately HK$6.7 million in revenue from the lottery games and systems and an increase of approximately HK$5.9 million in revenue from the provision of distribution and ancillary services. The profit for 2018 was approximately HK$317 million (2017: loss of approximately HK$370 million). The change from loss to profit for the year was mainly attributable to several non-cash and non-operating items relating to the fair value changes of convertible bonds and contingent consideration payables under the Score Value Transaction. In 2018, other operating expenses were approximately HK$114 million (2017: approximately HK$210 million), the decrease was primarily due to the decrease in expenses incurred in connection with the games and entertainment business. -END- About AGTech Holdings Limited AGTech was incorporated in Bermuda and its shares are listed on the GEM (Stock Code: 08279). AGTech is an integrated technology and services company engaged in the lottery and mobile games and entertainment market with a focus on China and selected international markets. A member of the Alibaba Group with around 400 employees, AGTech is the exclusive lottery platform of Alibaba Group and Ant Financial Group. AGTech's businesses are broadly divided into two categories: Lottery (including hardware, games and systems,  provision of distribution and ancillary services); and Games and Entertainment. AGTech is a Gold Contributor of the World Lottery Association (WLA), an associate member of the Asia Pacific Lottery Association (APLA), and an official partner of the International Mind Sports Association (IMSA). For more information, please visit http://www.agtech.com
  • AAHRPP Accredits Three More Research Organizations
    Two in the U.S., one in Taiwan attain the gold standard WASHINGTON, March 22, 2019 /PRNewswire/ -- The Association for the Accreditation of Human Research Protection Programs today announced its first accreditations for 2019: a research institute in Massachusetts, a health care delivery system in California and a hospital in Taiwan. The three newly accredited organizations are: Harvard Pilgrim Health Care Institute, LLC, of Harvard Pilgrim Health Care, Inc., Boston, Massachusetts Memorial Health Services, Fountain Valley, California National Cheng Kung University Hospital, Tainan, Taiwan "These organizations join more than 600 entities worldwide in committing to shared high standards for safe, ethical research," AAHRPP President and CEO Elyse I. Summers said. "Their AAHRPP designation offers assurances—to potential partners, the scientific community and the general public—that study participants are protected and research results can be trusted." The emphasis on universal standards is intensifying, in part, because of the trend toward multisite, multi-institutional research. In this environment, the common ground of AAHRPP accreditation can ease the way for successful collaboration. "The benefits of a common standard are significant and, as the gold standard, AAHRPP accreditation is the logical choice," Summers said. "We continue to work toward one standard worldwide—one accreditation at a time." To earn AAHRPP accreditation, organizations must show that they have built extensive safeguards into every level of their research operation and that they adhere to high standards for research. AAHRPP has accredited organizations across the United States and in Belgium, Brazil, Canada, mainland China, India, Mexico, Republic of Korea, Saudi Arabia, Singapore, South Africa, Taiwan and Thailand. All major U.S. independent institutional review boards have earned AAHRPP accreditation. In addition, 70 percent of U.S. medical colleges and 85 percent of the top National Institutes of Health-funded academic medical centers are either AAHRPP accredited or have begun the accreditation process. NIH, the world's largest public funder of research, has earned accreditation, as has Pfizer, Inc., the largest industry sponsor of clinical research. About AAHRPP: A nonprofit organization, AAHRPP provides accreditation for organizations that conduct or review human research and can demonstrate that their protections exceed the safeguards required by the U.S. government. To learn more, visit http://www.aahrpp.org. FOR MORE INFORMATION CONTACT: Michelle Feige Executive Vice Presidentmfeige@aahrpp.org (202) 783-1112 Logo - https://mma.prnewswire.com/media/224365/aahrpp_logo.jpg Related Links :http://aahrpp.orghttp://www.aahrpp.org
  • Tan Mujiang Comes to Canada
    JURONG, China, March 22, 2019 /PRNewswire/ -- On March 8th, Tan Mujiang's first flagship store (H002) in Canada opened at the Scarborough shopping center in Toronto. The shopping mall is home to 230 shops and Tan Mujiang is situated in the busiest area of the mall, adjacent to Pandora and other international brand stores. H002, Tan Mujiang’ s flagship shop in Canada On the opening day, Tan Mujiang attracted many customers into the store with its eye-catching Chinese logo and a lute performance. Many Chinese were surprised to see traditional Chinese wooden combs abroad, and many locals were impressed by the oriental charm and exquisite craftsmanship of the combs. They found that besides just combing their hair, the exquisite combs could also be a great gift for family and friends. Tan Mujiang is the sole listed company in the wooden comb industry worldwide. They have created more than 40 accurate processes to improve their products, which are made from the natural materials of traditional Chinese handicrafts and feature beautiful shapes, smooth lines, exquisite texture, rich colors and fine hand feel, perfectly integrating traditional culture and modern fashion. Since December 2013, Tan Mujiang has acquired more than 80 patents and provides supplies to more than 1,200 shops all over mainland China, 4 in Hong Kong, 1 in Singapore, and some online shops on Amazon and eBay. H002 is Tan Mujiang's second overseas store opened in 2019 after the store at HONGKONG Telford Plaza. They plan to open 12 overseas stores this year. Zhang Chuanjin, the offline market director said, "Our goal is to popularize our brand by operating our own franchise shops all over the world and not only get orders from overseas businessmen." Tan Mujiang has set up a national general franchising model and hopes to find some franchisees who are interested in their brand. The franchising model includes significant self-developing space and comprehensive support, including market research, location selection, opening preparation guidance, personnel training, store decoration, marketing demonstration and post-sales service, to ensure that the store can operate smoothly and successfully. Tan Mujiang will increase their investment in overseas market promotion. In addition to participating in grand international exhibitions, they will release their brand and product information on popular overseas social media platforms and hold a series of promotion activities for overseas stores. Those interested in Tan Mujiang and want to learn more can contact: Dan Dai+86-511-87186978-8022tmjhwxx@ctans.com View original content to download multimedia:http://www.prnewswire.com/news-releases/tan-mujiang-comes-to-canada-300817041.html
  • Huntkey Will Release Its Portable 90W Type-C charger to Global Markets in the Middle of 2019
    SHENZHEN, China, March 22, 2019 /PRNewswire/ -- Huntkey, a leading global power solution provider, is developing its portable 90W Type-C for overseas markets. https://en.huntkey.com/wp-content/uploads/2019/03/90w-type-c-charger.png The Type-C port is becoming more and more popular in people's daily life, It can be found in cellphones, notebooks, tablets, and other smart devices. Many brands of Type-C chargers have already been released to markets, but a 90W Type-C charger is still difficult to find globally. To meet the demand for fast charging speeds and high charging efficiency, Huntkey has started to develop its own 90W Type-C charger since the beginning of 2019. The final product will be released around July. Besides the high charging efficiency and good quality, the portable design is another unique selling proposition. The 72*72*32mm size will make it convenient to carry even with a small handbag. Model: HKA09020045-2VType: Wall MountInput: 100-240V, 50/60Hz, 2.0AOutput: 5V/3A, 9V/3A, 15V/3A, 20V/4.5AFast Charging: QC3.0+ & PD3.0 TechnologiesEasy Connecting: USB Type-C Port & CableEfficiency Level: VIDimensions(mm): 72*72*30Warranty: 2 Years As a professional provider of power solutions, and a representative factory for many famous international brands in the world, Huntkey can provide professional custom-built services to its partners. About Huntkey Huntkey Group, founded in 1995 and headquartered in Shenzhen, is a member of The International Power Supply Manufacturer's Association (PSMA) and a member of The China Power Supply Society (CPSS). With branch companies in the USA, Japan and other areas, and cooperating factories in Brazil, Argentina, India and other countries, Huntkey has specialized in the independent design, research, development and manufacturing of IT products such as switching power supplies, computer chassis, monitors and adapters, consumer products such as chargers for mobile phones and other electronic products, smart home products such as smart power strips, smart home appliances and smart LED lights, charging piles, and power for new energy vehicles (charging generator, DC/DC, etc.) for many years. With its own technologies and manufacturing strength, Huntkey has been serving the top 3 brand customers in several industries such as information technology, personal computer, mobile phone, retailing and so on. Huntkey has received unanimous recognition and trust from most of the customers. For more information about Huntkey, please visit https://en.huntkey.com Contact Ferris LiaoTel: +86-755-89606658E-mail:huntkey@huntkeydiy.com View original content:http://www.prnewswire.com/news-releases/huntkey-will-release-its-portable-90w-type-c-charger-to-global-markets-in-the-middle-of-2019-300816893.htmlRelated Links :http://en.huntkey.com
  • Hong Kong Airlines debuts Chris Cosentino's Business Class menu on Los Angeles - Hong Kong route
    HONG KONG, March 22, 2019 /PRNewswire/ -- Hong Kong Airlines has launched a brand new Business Class menu for its customers travelling out of Los Angeles International Airport (LAX) from 22 March 2019. Designed exclusively by celebrity chef and television personality Chris Cosentino, the new LAX Business Class menu is an adaption of his current San Francisco Business Class menu and comes with a slight twist to cater to the preferences of Southern California travellers. Chef Chris Cosentino Chris Cosentino is the chef and owner of San Francisco restaurant, Cockscomb, where he reinterprets classic San Francisco dishes by adding his own unique twist. He is also known as the winner of Top Chef Masters, a contestant on The Next Iron Chef and for his appearance in Iron Chef America in addition to his extensive work raising awareness and funds for Chefs Cycle in support of No Kid Hungry, a national charity fighting to end childhood hunger. Chef Cosentino collaborated with Hong Kong Airlines in late 2017 to design a comprehensive menu of 12 dishes, including a series of appetizers, main courses and desserts to be rotated regularly on the airline's service from San Francisco International Airport (SFO) to Hong Kong. His Business Class inflight menu was officially launched on the SFO inaugural flight to Hong Kong on 25 March 2018 and has received positive feedback from Hong Kong Airlines' customers for his "big in flavour, rich in texture" dishes. "When the opportunity came for me to work with Hong Kong Airlines to make delicious inflight meals in Business Class, I jumped at the chance," said Chef Cosentino at a media preview event in Los Angeles on Thursday. Using my years of education and experiences to create meals that would not only satisfy but excite the guests at 10,000 feet up and giving a fresh new approach to what inflight food can be has been a complete joy. Launching our new menu on the Los Angeles-Hong Kong route is very exciting. I am looking forward to flying on the first flight showcasing the menu," he added. (Second from Left) Mr Chris Birt, Hong Kong Airlines Director of Service Delivery, and Chef Chris Cosentino Passengers travelling from Los Angeles can expect a hearty and cohesive three-course menu prepared by Chef Cosentino. Known for his creative use of ingredients and attention to balance, Hong Kong Airlines' customers will be treated to Chef Cosentino's refreshing appetizers such as Kohlrabi Caesar, shrimp, Parmesan and sourdough croutons followed by main courses featuring different proteins on rotational basis. They include his take on the traditional recipe of chicken piri piri with Piquillo pepper, potatoes, Castelvetrano olives and oregano or red wine braised beef short rib with white bean puree, fennel al Forno, pickled peppers and confit garlic cooked to perfect tenderness and more. No meal is complete without dessert and Chef Cosentino's signature panna cotta with strawberries and balsamic vinegar is set to charm Hong Kong Airlines' passengers with its delightful flavours. Please refer to appendix for Chef Cosentino's full menu.  Chicken piri piri with Piquillo pepper, potatoes, Castelvetrano olives and oregano   Charred avocado and shrimp louie Hong Kong Airlines has also introduced a new selection of wines to complement its Business Class inflight meal offerings. They include Canyon Road Cabernet Sauvignon from California, Lake Chalice 'The Nest' Sauvignon Blanc from New Zealand as well as J. Moreau & Fils Chardonnay and Merlot Cabernet Sauvignon from France to pair with different meal options. Mr Chris Birt, Hong Kong Airlines Director of Service Delivery said: "Hong Kong Airlines always strives to deliver the best services to our customers. We launched our menu partnership with Chef Cosentino exactly a year ago on our San Francisco route. His menu has proven to be such a hit with our Business Class customers that we are excited to now bring his signature innovative and creative cuisine to those flying with us from Los Angeles." Hong Kong Airlines' Los Angeles service was launched in December 2017 and was the airline's first destination in the continental United States. The daily service is currently operated by Airbus A350, one of the newest and most technologically advanced aircraft in the world. In September 2018, Hong Kong Airlines introduced its new Business Class product on the Los Angeles route, reaffirming its commitment to serve the USA market with its best products and services. High-resolution photos of Chef Cosentino's menu are available at https://goo.gl/5KCAAu About Hong Kong Airlines Established in 2006, Hong Kong Airlines is a full-service airline firmly rooted in Hong Kong. The airline flies to nearly 40 destinations across Asia Pacific and North America, and currently maintains 85 interline and 20 codeshare agreements with multiple airline partners and ferry service providers. Hong Kong Airlines operates one of the youngest fleets in the world. It has been awarded the internationally acclaimed four-star rating from Skytrax since 2011. For more information, please visit http://www.hongkongairlines.com or our social media channels on Linkedin, Twitter, Instagram and Facebook. Appendix Chris Cosentino's Business Class menu on Los Angeles - Hong Kong route Appetiser - Charred avocado and shrimp louie- Kohlrabi Caesar with shrimp, Parmesan and sourdough croutons- Pate de campagne with cornichons, radish and mustard- Marinated Monterey Bay sardines with cauliflower, raisins and capers Main course- Chicken piri piri with Piquillo pepper, potatoes, Castelvetrano olives and oregano- Red wine braised beef short rib with white bean puree, fennel al forno, pickled peppers and confit garlic - Alaskan cod with gigante beans with broccoli rabe salsa verde- Slow roasted lamb neck with creamy polenta roasted carrots and Ararat spice Dessert- Chocolate cremeaux with fennel pollen shortbread cookies- Panna cotta and strawberries in balsamic vinegar sauce- Ginger dates sticky toffee cake topped with whipped cream and dried sugar dates- Poached pear in red wine sauce with creme fraiche and lemon thyme Photo - https://photos.prnasia.com/prnh/20190322/2411602-1-a Photo - https://photos.prnasia.com/prnh/20190322/2411602-1-b Photo - https://photos.prnasia.com/prnh/20190322/2411602-1-c Photo - https://photos.prnasia.com/prnh/20190322/2411602-1-d Photo - https://photos.prnasia.com/prnh/20190322/2411602-1-e Related Links :http://www.hongkongairlines.com
  • YuppTV Bags the Digital Broadcast Rights for VIVO IPL 2019 for Australia, Continental Europe, and South East Asia
    Cricket fans in Australia, Continental Europe, Singapore, Malaysia, and Sri Lanka can catch all the action live on YuppTV YuppTV also acquired rights for RoW: including South & Central America, Central & South East Asia ATLANTA, March 22, 2019 /PRNewswire/ -- YuppTV, the world's leading OTT platform for South-Asian content, has acquired the digital broadcasting rights for VIVO IPL 2019 outside of India. With this development, cricket fans across the globe can catch all the action of Season 12 of the world's biggest T20 tournament, right as it unfolds.  YuppTV Bags the Digital Broadcast Rights for VIVO IPL 2019 for Australia, Continental Europe, and South East Asia   YuppTV is bringing the highly engaging action to all of its existing and new users in Australia, Continental Europe, Singapore, Malaysia, Sri Lanka and RoW including South & Central America and Central & Southeast Asia. Commenting on the announcement, Mr. Uday Reddy, Founder & CEO, YuppTV, said, "We are glad to acquire the digital broadcasting rights for the IPL 2019 and would be enabling on-the-go-access to all the action unfolding in the Season 12 of IPL. We are determined to provide our global audience with convenient and real-time access to their favourite sporting action, through a wide gamut of internet-enabled devices." As one of the biggest and most-awaited cricketing extravaganzas, Season 12 of Indian Premier League will finally hit the stands on March 23. Promising an enthralling season, the 8 teams will be headed against each other in a total of 60 matches. The season will open with the defending champions, Chennai Super Kings taking on Royal Challenger Bangalore.  Cricket fans in Australia, Continental Europe, Singapore, Malaysia, Sri Lanka and RoW including South & Central America and Central & Southeast Asia can catch all the action from IPL 2019 on YuppTV. They may log on to https://www.yupptv.com/cricket/ipl-2019/live-streaming or access the same via the YuppTV app on smart TVs, smart Blu-ray players, streaming media players, gaming consoles, smartphones, and tablets. About YuppTV: YuppTV is one of the world's largest internet-based TV and On-demand service provider for South Asian content, offering more than 200 TV channels and 3000+ movies in India. YuppTV, received funding from Emerald Media, a platform established by leading global investment firm KKR, wherein Emerald Media acquired a significant minority stake in the company for US$50mn. YuppTV had earlier raised its Series Around of funding from Poarch Creek Indian Tribe of Alabama. Media Contact: Shivam Agarwalshivam@yupptv.com Photo - https://mma.prnewswire.com/media/839836/Uday_Reddy.jpgLogo - https://mma.prnewswire.com/media/839837/YuppTV_Logo.jpg
  • Innergie 2019 New Products Launch
    The Best USB-C Power Solutions for Laptops & Mobility TAIPEI, Taiwan, March 22, 2019 /PRNewswire/ -- Innergie, a brand of Delta, the leading provider of consumer power products and solutions announced today the launch of their new products including 65U, 65W, 18W and 27M among others. Innergie expects to provide consumers with a full range of USB-C charging solutions with high efficiency and better performance, such as laptop adaptor, smartphone charger, more mobile device charger to meet the needs of users in different charging scenarios. "We designed these charging products not only to protect the devices safety but also to be more energy efficient at the same time," said Innergie Business Director PS Tang. With the promise of the best quality controls in design, R&D, top-notch materials guaranteed and the insert/dropping test, users can save electricity and maximize efficiency while charging at the office, home or on the go and made their digital experience better. For Laptop Adaptor - Innergie 65U Laptop Adapter (International) This ultra-small laptop adapter with surprisingly powerful performance for most laptop adapters, displays Innergie's extraordinary abilities of design and performance. Unlike normal products, Innergie's exclusive 3D circuitry design make the smallest adapter on the market and with the dimensions of just 3x3x6 cm³, just 1/3 the size of most other adapters, it's the smallest in its class.  The Innergie 65U laptop adapter including 6 tips can work with the majority of laptop brands such as ASUS, Acer, Dell, HP and Lenovo along with others. Designed in compact size with only 3x3x6 cm³ to fit any available socket space, it never takes up more room than a charger reasonably requires. Charge with 3 travel plugs anywhere around the world and pack light and easy to carry along. Innergie 65U Laptop Adapter-this ultra-small laptop adapter with surprisingly powerful performance for most laptop adapters. - Innergie 65W USB-C Adapter USB PD with the built-in USB-C charging cable: there are 5 different voltages (5V, 9V, 12V, 15V & 20V) to support smartphone, tablet or laptop charging; you always have the right cable for your USB-C devices. The ultra-small USB-C adapter with surprisingly powerful performance for most USB-C devices including laptops, gaming devices and even the MacBook Pro (13-inch model) etc. High quality control: instead of the usual ABS plastic, Innergie's products do not deform during anti-shock, fire-resistant, and durable PC material testing. Superb Durability: strict swing tests guarantee this cable is more durable, more flexible, and able to bend at any angle, giving you a more reliable USB-C cable than the original one. Innergie 65W USB-C Adapter- USB PD with the built-in USB-C charging cable to giving powerful performance - Innergie 18W USB-C Charging Connector The Innergie 18W works with Innergie universal laptop adapters to give you a convenient way to extended capabilities of an extra USB-C charging port. USB PD charging: Full support for USB PD mobile devices in 5V and 9V outputs, even for the latest iPhone series fast-charging. 2-in-1 charging: laptop and mobile phone can charge at the same time, using the Innergie laptop charger to 90W, and charging USB-C mobile device to 18W. The smartest and most powerful: when the tip is not connected, USB-C supports your devices charging up to 60 watts/smart adjustment charging (20V/3A). Innergie 18W USB-C Charging Connector-works with its universal laptop adapters to give you a convenient way to extended capabilities of an extra USB-C charging port For mobile - Innergie 27M USB-C Wall Charger A compact dual USB-C & USB port wall charger could charge multiple devices at the same time. With the built-in smart chip, the Innergie 27M can automatically detect any mobile devices to deliver optimal power for ultimate speed charging. Compact design size, only 5x5x3 cm³, allows it to fit in anywhere. Innergie 27M USB-C Wall Charger - a compact dual USB-C & USB port wall charger could charge multiple devices at the same time Where to buy Please discover the safest mobile chargers at http://bit.ly/2Wb94U9 and find more new product in Amazon https://reurl.cc/r97qE . Specifications 65U 65W 18W 27M Input AC input 100-240V AC / 1.6A 50-60Hz AC input 110-240V AC / 1.5A 50-60Hz DC input 19.5V DC / 4.63A Max. AC input 100-240V / 1.2A 50-60 Hz Output DC output 19.5V DC / 3.33A USB output5V/3A,9V/3A, 12V/3A,15V/3A, 20V/3.25A USB output5V DC / 3A9V DC / 2A20V DC / 3A Max* USB output USB-A: 5V DC / 2.4A USB-C: 5V DC / 3A Output power 65W 65W 18 – 60W 27W Dimensions (LxWxH) 30.4 x 30.4 x 60 mm 66.4 x 66.4 x 28.4 mm 50 × 24.4 × 11 mm 55 × 47.8 × 28.2 mm Weight 85g 215g 15.9g 81g Protection InnerShield™ InnerShield™ InnerShield™ InnerShield™ About Innergie Innergie, a brand of Delta, is a leading provider of consumer power products and power solutions.  Launched in 2008, Innergie builds on the innovation of Delta Group, a world leader in power management with over 40 years of advanced technical experience.  As an energy-saving solutions provider, Delta's businesses encompass power electronics, energy management, and smart green life. Innergie belongs to the business group of Smart Green Life in Delta. With expertise in compact power technology, Innergie designs and produces solutions for the home, workplace, and a mobile lifestyle.  For more information, please visit our website at http://www.myinnergie.com About Delta Delta, founded in 1971, is a global provider of switching power supplies and thermal management products with a thriving portfolio of smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities.  As a world-class corporate citizen guided by its mission statement, "To provide innovative, clean and energy-efficient solutions for a better tomorrow," Delta leverages its core competence in high-efficiency power electronics and its CSR-embedded business model to address key environmental issues, such as climate change.  Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents. Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to CSR. Since 2011, Delta has been listed on the DJSI World Index of Dow Jones Sustainability™ Indices for 8 consecutive years. In 2017, Delta was selected by CDP (formerly the Carbon Disclosure Project) for its Climate Change Leadership Level for the 2nd consecutive year. For detailed information about Delta, please visit: http://www.deltaww.com View original content to download multimedia:http://www.prnewswire.com/news-releases/innergie-2019-new-products-launch-300816913.html
  • WuXi AppTec Reports Strong 2018 Annual Results
    Revenue RMB9,614 Million, up 23.8% (25.4% at Constant Exchange Rate) Year-Over-Year Net Profit Attributable to Owners of the Company RMB2,261 Million, up 84.2% Year-Over-Year Diluted EPS RMB 2.21, up 70.0% Year-Over-Year SHANGHAI, March 22, 2019 /PRNewswire/ -- WuXi AppTec Co., Ltd. (stock code: 603259.SH / 02359.HK), a leading global pharmaceutical and medical device open-access capability and technology platform company with global operations, announces its audited annual results for the year ended December 31, 2018 today. All financials disclosed in this press release are prepared based on International Financial Reporting Standards (or "IFRS"). Financial Highlights Strong revenue growth of 23.8% year-over-year to RMB9,614 million. Applying a constant exchange rate, revenue grew 25.4% to RMB9,739 million. We continued to enhance capabilities and build capacity across all segments, while investing in the latest technologies to expand our service offering. We particularly benefited from a surging increase in business from China-based customers, and biotech customers globally. Gross profit grew 16.6% year-over-year to RMB3,777 million. Gross profit margin was 39.3%.[1] Excluding the impact of foreign exchange loss, gross profit margin was 39.9%. Net profit attributable to owners of the Company increased 84.2% year-over-year to RMB2,261 million, due to strong operations execution coupled with an extraordinary gain of RMB616 million from the fair value change of our investment portfolio.  Adjusted non-IFRS net profit attributable to owners of the Company grew 23.3% year-over-year to RMB1,742 million. Diluted EPS and adjusted non-IFRS EPS increased by 70.0% and 13.9%, respectively. Operational Highlights We acquired 1,400+ new customers, and our active customers count reached 3,500+. - All of the top 20 global pharmaceutical companies are our customers. - We achieved 100% retention rate for our top 10 customers. - We continue to expand our biotech customer base rapidly as our integrated R&D platform enables them to efficiently and effectively discover and develop products. For our success-based drug discovery services, in 2018 we filed 27 new-chemical-entity INDs for our customers with the NMPA (China National Medical Products Administration) and obtained 17 CTAs (clinical trial approval). As of December 31, 2018, we have cumulatively submitted 55 new-chemical-entity IND filings with NMPA for our customers and obtained 34 CTAs. Our small molecule CDMO/CMO segment provided services to 650+ projects, including 40 in Phase III clinical trials and 16 that have been commercialized.  We became the first CMO services provider under China's newly implemented MAH (Market Authorization Holder) policy and began commercial manufacturing services for two products, including: Ganovo®, developed by Ascletis Pharma for treatment of Hepatitis C and Elunate®, developed by Hutchison MediPharma for treatment of colorectal cancer. In the highly-specialized field of cell and gene therapy, we provided CDMO services for 30 clinical stage cell and gene therapies projects; 25 in phase I and 5 in phase II/III. Our fast growing clinical research services business helped one multinational company's PD-1 antibody obtain market approval in China. We also helped a domestic company's break-through drug obtain market approval for the treatment of colorectal cancer. In addition, we helped the BLA submission of the first CD20 biosimilar product in China. In July 2018, we acquired an Austin, Texas based clinical research CRO WuXi Clinical Development, Inc. (carrying on business as ResearchPoint Global). This acquisition has allowed us to expand our global clinical trial service offering to both China based companies and US based companies for their global clinical development. To support future growth, we are significantly expanding capacity including: chemistry laboratory expansion in our Tianjin site and new Qidong site; new cell and gene therapy GMP facilities in our Philadelphia site and Wuxi Jiangsu site; API GMP manufacturing facilities in our Changzhou site; a new medical device testing laboratory in Suzhou, and a new biology research laboratory in San Diego, California. Management Comments "2018 was an incredible year for the global healthcare industry and a fantastic one for our company," said Dr. Ge Li, Chairman and CEO. "The industry experienced significant progress as new innovative drugs address increasingly complex indications with remarkable results.  And with the drug approval timeline greatly accelerated, the number of new drugs approved for market in the United States and in China has reached a record high. We were proud to see that 39 out of the 59 new drugs approved by the FDA came from our customers and we are committed to continually investing in our capabilities and capacity to consistently provide the highest level of service in this rapidly-changing environment."  "We are grateful to our investors who continue to believe in our vision. The capital they provide drives our growth reinforcing the confidence they have in our management team and our business model. In May and December of 2018, we successfully listed on the Shanghai Stock Exchange and the Main Board of the Hong Kong Stock Exchange, respectively." "Our 'Follow the Project / Follow the Molecule / Follow the Customer' strategy continues to deliver stellar results. All along, we continued to successfully execute on our business plan achieving revenue of RMB9,614 million, representing growth of 23.8% year-over-year. Applying a constant exchange rate, our revenue grew 25.4% to RMB9,739 million. Revenue growth was broad-based across all business segments; especially our China-based laboratory services, CDMO/CMO services and clinical research and other CRO services. In addition to investments in our operations, i.e. new talent, new laboratories and facilities, our unique ecosystem that we are relentlessly building provided additional opportunities for us to effectively put our capital to use laying the foundation for future growth." "WuXi AppTec is committed to enable innovation worldwide, catalyzing and benefiting from the continuous transformation of the healthcare ecosystem," Dr. Li continued. "Once the platform boasts enough scale and depth, the long tail effects will be truly dramatic. Looking forward, we are now entering an unprecedented golden age with the healthcare ecosystem emerging, where an ever-increasing number of participants are able to play a role at different stages of innovation. Through our integrated platform, more and more institutions, scientists, hospitals, and doctors will realize their dreams of innovation. In doing so, we will undoubtedly help bring vital medicine to patients faster." Full-Year 2018 IFRS Results 2018 revenue increased 23.8% year-over-year to RMB9,614 million. Applying a constant exchange rate, revenue increased 25.4% year-over-year to RMB9,739 million. - Our China-based laboratory services revenue increased 24.1% year-over-year to RMB5,113 million. We fully leveraged our platform to attract more customers, especially "long-tail" customers, while expanding services to our existing customers. - We grew our CDMO/CMO services revenue 28.0% year-over-year to RMB2,699 million by diligently executing our "follow the molecule" strategy. As our customers' projects move into late stage, we progress alongside of them by providing process validation services all the way through to commercial manufacturing services. - Our US-based laboratory services revenue increased 6.1% year-over-year to RMB1,204 million. Revenue growth was driven by our cell and gene therapies CDMO services and partially offset by a decline in medical device testing services. Cell and gene therapies CDMO services revenue grew 7.5% and 28.4% in the first half of 2018 and second half of 2018, respectively. - Our clinical research and other CRO services revenue increased 64.2% year-over-year to RMB585 million. Revenue growth was mainly driven by the substantial increase of the domestic drug clinical trial market as well as significant improvement of our services in terms of quality, scale and capabilities. - Across all segments, we benefitted from the rapid rise of pharmaceutical innovation in China experiencing 55.5% year-over-year revenue growth from China-based customers. 2018 gross profit increased 16.6% year-over-year to RMB3,777 million. Gross profit margin was 39.3%, slightly lower than 41.7% in 2017[2] primarily due to a decrease in gross profit of US-based laboratory services and RMB appreciation against USD in the first half of 2018. Applying a constant exchange rate, the gross profit margin would be 39.9%. 2018 IFRS net profit attributable to owners of the Company increased 84.2% year-over-year to RMB2,261 million. We experienced significant synergies across business segments by fully leveraging the strength of our "integrated end-to-end" R&D services platform. In addition, we experienced an extraordinary gain of RMB616 million from the fair value change of our investment portfolio. Full-Year 2018 Non-IFRS Results 2018 non-IFRS net profit attributable to owners of the Company increased 75.5% year-over-year to RMB2,464 million. This excludes RMB46 million share-based payments, RMB22 million listing expenses for the offering of our A shares and H shares, RMB116 million foreign exchange-related losses and RMB19 million amortization of intangible assets acquired.  Full-Year 2018 Adjusted Non-IFRS Results Excluding a further RMB750 million realized and unrealized gains from our venture investments and RMB28 million losses from our joint ventures, 2018 adjusted non-IFRS net profit attributable to owners of the Company increased 23.3% year-over-year to RMB1,742 million in 2018. [1] If prepared under Accounting Standard for Business Enterprises of PRC, the gross profit grew 16.8% year over year to RMB 3,793 million. Gross profit margin was 39.5%. [2] If prepared under Accounting Standard for Business Enterprises of PRC, 2018 gross profit increased 16.8% year-over-year to RMB 3,793 million. Gross profit margin was 39.5%, slightly lower than 41.8% in 2017. About WuXi AppTec WuXi AppTec is a leading global pharmaceutical and medical device open-access capability and technology platform company with global operations. As an innovation-driven and customer-focused company, WuXi AppTec provides a broad and integrated portfolio of services to help our worldwide customers and partners shorten the discovery and development time and lower the cost of drug and medical device R&D through cost-effective and efficient solutions. With its industry-leading capabilities such as small molecule drug R&D and manufacturing, cell therapy and gene therapy R&D and manufacturing, drug R&D and medical device testing, WuXi platform is enabling more than 3,500 innovative collaborators from more than 30 countries to bring innovative healthcare products to patients, and to fulfill WuXi's dream that "every drug can be made and every disease can be treated." Forward-Looking Statements This presentation may contain certain "forward-looking statements" which are not historical facts, but instead are predictions about future events based on our beliefs as well as assumptions made by and information currently available to our management. Although we believe that our predictions are reasonable, future events are inherently uncertain and our forward-looking statements may turn out to be incorrect. Our forward-looking statements are subject to risks relating to, among other things, the ability of our service offerings to compete effectively, our ability to meet timelines for the expansion of our service offerings, and our ability to protect our clients' intellectual property. Our forward-looking statements in this presentation speak only as of the date on which they are made, and we assume no obligation to update any forward-looking statements except as required by applicable law or listing rules. Accordingly, you are strongly cautioned that reliance on any forward-looking statements involves known and unknown risks and uncertainties. All forward-looking statements contained herein are qualified by reference to the cautionary statements set forth in this section. Use of Non-IFRS and Adjusted Non-IFRS Financial Measures We provide non-IFRS net profit attributable to owners of the Company and earnings per share for the year of 2017 and 2018, which exclude share-based compensation expenses, listing expenses for offering of our A shares and H shares, foreign exchange-related gains or losses and amortization of intangible assets acquired in business combinations. We further provide an adjusted non-IFRS net profit attributable to owners of the Company and earnings per share for the year of 2017 and 2018, which exclude realized and unrealized gains or losses from our venture investments and joint ventures. Neither is required by, or presented in accordance with IFRS. We believe that the adjusted financial measures used in this presentation are useful for understanding and assessing our core business performance and operating trends, and we believe that management and investors may benefit from referring to these adjusted financial measures in assessing our financial performance by eliminating the impact of certain unusual and non-recurring items that we do not consider indicative of the performance of our core business. However, the presentation of these adjusted non-IFRS financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with IFRS. You should not view adjusted results on a stand-alone basis or as a substitute for results under IFRS, or as being comparable to results reported or forecasted by other companies. View original content:http://www.prnewswire.com/news-releases/wuxi-apptec-reports-strong-2018-annual-results-300816989.htmlRelated Links :http://www.wuxiapptec.com
  • Legal Sea Foods partners with CP Foods on premium products
    BOSTON, March 22, 2019 /PRNewswire/ -- Boston-based upscale restaurant chain Legal Sea Foods (LSF) has selected Charoen Pokphand Foods (CP Foods) to co-pack premium shrimp products for distribution in North America. Charoen Pokphand Foods PLC (CPF) Sharing the same view, Mr. Roger Berkowitz, CEO of Legal Sea Foods, and Dr. Sujint Thammasart, COO (Aquaculture Business Unit) of CP Foods, said it is a proud moment for both companies to jointly introduce premium quality seafood, under the Legal Sea Foods brand, to North American consumers. Within the partnership, CP Foods will produce numerous fresh frozen and high quality items with shrimp sourced from its biosecure aquaculture farms. The products were distributed under the Legal Sea Foods brand, and launched at the Seafood Expo North America and Seafood Processing North America or Boston Seafood Show 2019, the largest Seafood exposition in North America, during March 17 - 19, 2019. It is the main venue where thousands of buyers and suppliers from around the world attend the three-day exposition to meet, network and do business. Attending buyers represent importers, exporters, wholesalers, restaurants, supermarkets, hotels, and other retail and foodservice companies.Both companies share similar values in delivering the freshest and highest quality seafoods from responsible supply chains. "Legal Sea Foods has a long history of serving premium seafood to its more than 7 million restaurant customers annually, a success which is rooted in our fundamental belief in food safety and quality," said Mr. Berkowitz."All of our shrimp are raised in closed system, environment-friendly farms and are fed with feed utilizing fishmeal certified by the Global Standard for Responsible Supply (IFFO RS). Our shrimp feed, seeds, farms and processing plants are recognized as best-in-class within the aquaculture industry, while Legal Sea Foods is the number one seafood brand in America. This makes for a very synergistic partnership," said Mr.Thammasart. About Legal Sea Foods Established in 1950, Legal Sea Foods is an upscale American restaurant chain. The current company headquarters is located in Boston. The group operates 37 restaurants, serving over 7 million customers annually. In addition to running a retail products division, Legal Sea Foods also operates an online fish market and ships fresh fish across the United States. The company implements the highest standards for quality, sanitation and safety at every step -- from purchase, to processing, to shipping and finally, to preparation in the restaurants. About CP Foods Charoen Pokphand Foods PCL (CP Foods) is a global and integrated agro-industrial and food company, delivering high-quality products from operations situated in 17 countries, with 4 billion consumers combined. The company operates its business on the principle of "Corporate Social Responsibility Towards Sustainability" under 3 pillars - Food Security, Self-Sufficient Society and Balance of Nature," which supports the UN Global Compact principles and the Sustainable Development Goals (SDGs). CP Foods is a leading shrimp farmer, processor and exporter, utilizing modern technologies throughout its operations. It offers fresh seafood products from a responsible supply chain, certified by international organizations. The company is also a proud member of global organizations, such as the UN Global Compact, SEABOS, GSSI, and Seafood Task Force, driving sustainable and positive changes across the world. As a result of its sustainability initiatives, the company is currently listed in a number of notable indices, such as the DJSI Emerging Markets, the FTSE4Good Emerging Index, and the Stock Exchange of Thailand's SET 50.For more information, please contact: Charoen Pokphand Foods PCL (CP Foods)Tel. +66-2766-7343-5, +662-631-0641, +662-638-2713Email: pr@cpf.co.th Photo - https://photos.prnasia.com/prnh/20190322/2411591-1
  • CooTek's Short Video Community App VeeU Expands Into Vietnam
    SANTA CLARA, Calif., March 22, 2019 /PRNewswire/ -- CooTek (NYSE: CTK), the developer of the short video community app VeeU, has released a customized version of the app with short video content relevant to users in Vietnam. "VeeU's short video community has been widely accepted by many users in Vietnam," commented Mr. Henry Yao, Senior Product Director at CooTek. "By providing the Vietnamese users with more relevant videos, we hope to quickly become the most popular platform for users there to share and watch short and funny videos."  Last year, VeeU ranked as the top Google Play entertainment app in Thailand. The short video content offered to users in Thailand by VeeU has also been well received. VeeU's success in Thailand has helped to expand its audience in Vietnam. "With VeeU rapidly gaining popularity in the region, we rapidly took action to strengthen its competitiveness in Vietnam. For example, we are looking into partnering with multi-channel networks ("MCNs") to expand the amount of relevant video content for the Vietnamese community," added Mr. Yao. As one of CooTek's rapidly growing content-rich portfolio apps, VeeU has expanded into Vietnam to support the growth of CooTek's DAU and revenue. Average daily active users ("DAUs") of CooTek's portfolio apps surged 483% year-on-year in December 2018, which led to impressive year-on-year net revenue growth of 259% for the full year 2018. As the main driver of revenue growth, portfolio apps accounted for approximately 63% of CooTek's advertising revenue in 2018. About CooTek (Cayman) Inc. CooTek is a fast-growing global mobile internet company. The mission of CooTek is to empower everyone to express themselves and enjoy relevant content seamlessly. The Company's user-centric and data-driven approach has enabled it to release appealing products to capture mobile internet users' ever-evolving content needs and helps it rapidly attract targeted users. Focusing on 5 verticals of fitness, news and short videos, healthcare, lifestyle and entertainment, CooTek has developed multiple rapidly growing content-rich portfolio apps with news feed to deliver relevant content. For more information, please visit: https://www.cootek.com/ Follow us on Facebook and Twitter: https://www.facebook.com/CooTekInc/ and https://twitter.com/CooTek Safe Harbor Statement This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. CooTek may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about CooTek's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: CooTek's mission and strategies; future business development, financial conditions and results of operations; the expected growth of the mobile internet industry and mobile advertising industry; the expected growth of mobile advertising; expectations regarding demand for and market acceptance of our products and services; competition in mobile application and advertising industry; and relevant government policies and regulations relating to the industry. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and CooTek does not undertake any obligation to update such information, except as required under applicable law. For investor enquiries, please contact: CooTek (Cayman) Inc.Ms. Ivy Lu Email: IR@cootek.com  Christensen In China Mr. Christian Arnell  +86-10-5900-1548  carnell@christensenir.com In US  Ms. Linda Bergkamp  +1-480-614-3004 lbergkamp@christensenir.com View original content:http://www.prnewswire.com/news-releases/cooteks-short-video-community-app-veeu-expands-into-vietnam-300816911.htmlRelated Links :https://www.cootek.com
  • WeChat Pay Supports Merchants Expanding Businesses by Bringing its Ecosystem to the World
    HONG KONG, March 22, 2019 /PRNewswire/ -- WeChat Pay today unveils its latest strategy for cross-border payment business at the WeChat Pay Overseas Partner Conference 2019. Themed on 'One for Billion', the conference encourages service providers and merchants across the world to expand their businesses by reaching out and engaging the Chinese travelers through WeChat ecosystem. Close to 1,600 guests including representatives from global merchants and outstanding service providers from China and overseas, gathered in Hong Kong to explore the new opportunities with WeChat Pay's smart ecosystem. WeChat Pay smart life scenarios experience at the conference. "In the past five years, the progress of mobile payment technology development in China has received global attention, and the digitization of all walks of life has continued at a rapid pace. The real driving force behind this is not just a payment tool, but also the supports of third-party service providers from the various industries. They are the true representatives of digital innovation in China," said Li Peiku, Vice-President of WeChat Pay. The wide variety of functions available within the WeChat Ecosystem will help overseas merchants to smoothly accelerate the digitalization process, in order to better serve Chinese tourists overseas. According to the latest data released at the conference, in 2018, the monthly average transaction volume saw an increase of 500% year-on-year, while the total transaction value increased 400%. Meanwhile, the number of service providers witnessed a year-on-year increase 300%, and the number of merchants accepting WeChat Pay increased 700%. WeChat Pay is now available in 49 markets outside of the Chinese mainland, supporting cross-border payment transactions in 16 currencies. WeChat Pay Unveils Five Key Areas of its Cross-Border Business Making a purchase is not only about payment. The entire experience throughout the consumer journey is important to conclude the transaction. WeChat Pay is looking closely into the overall customer experience, and exploring more smart living solutions to cover retail, F&B, and fashion, municipal services and many other aspects of daily life. At the conference, WeChat Pay unveils five key areas of its cross-border business: To expand its cross-border payment into more markets and to support more currencies. To promote smart checkout solutions and improve the shopping experience for consumers. To promote self-service F&B ordering solutions to ease the communication that involves different and multiple languages. To promote the usage of AI-based solutions in the fashion and beauty industries that enable virtual fitting and makeup testing. To explore more solutions in areas, such as overseas consular services, medical care, education and other social services. WeChat Pay has successfully developed many case studies in offering smart living solutions. For example, at Heytea Hong Kong, users can order through WeChat's Mini Programs to avoid queue and collect their orders in store when it is ready. In Japan, Fuji-Q Highland guests can purchase tickets and check queuing time via WeChat's Mini Programs to better plan their visit for different rides and activities, ensuring a smoother visitor's experience. WeChat Pay is also expanding its scope in other tourism and travel-related solutions. Today, close to 20 Chinese embassies and foreign consulates around the world are offering WeChat Pay services, which means that Chinese citizens can now make payments using WeChat Pay at these embassies and consulates in emergency, for instance replacement requests of their travel documents. WeChat - Connect people to businesses Across Multiple Scenarios With outbound travel becoming easier and an increase in personal income levels, the Chinese outbound travel market continues to expand. In 2018, more than 149 million Chinese tourists travelled abroad with a 14.7% increase on the same period for the previous year[1]. Meanwhile, the consumption of outbound Chinese tourists exceeded US$120 billion, and per capita overseas consumption exceeded RMB 13,000[2]. WeChat Pay not only assists the domestic service providers in mainland China to expand overseas, but also continues to optimize its overall training system to help overseas service providers and merchants to achieve a two-way communication with the Chinese travelers for better customer experience. [1] "2018 Tourism Market Overview", Ministry of Culture and Tourism of the People's Republic of China [2] "2018 Chinese Tourist Outbound Travel Report", China Tourism Academy and Ctrip Photo - https://photos.prnasia.com/prnh/20190322/2411480-1
  • WeChat Pay Supports Merchants Expanding Businesses by Bringing its Ecosystem to the World
    HONG KONG, March 22, 2019 /PRNewswire/ -- WeChat Pay today unveils its latest strategy for cross-border payment business at the WeChat Pay Overseas Partner Conference 2019. Themed 'One for Billion', the conference encourages service providers and merchants across the world to expand their businesses by reaching out and engaging Chinese travelers through WeChat ecosystem. Close to 1,600 guests, including representatives from global merchants and outstanding service providers from China and overseas, gathered in Hong Kong to explore the new opportunities with WeChat Pay's smart ecosystem. WeChat Pay smart life scenarios experience at the conference. "In the past five years, the progress of mobile payment technology development in China has received global attention, and the digitization of all walks of life has continued at a rapid pace. The real driving force behind this is not just a payment tool, but also the support of third-party service providers from the various industries. They are the true representatives of digital innovation in China," said Li Peiku, Vice-President of WeChat Pay. The wide variety of functions available within the WeChat Ecosystem will help overseas merchants to smoothly accelerate the digitalization process, in order to better serve Chinese tourists overseas. According to the latest data released at the conference, in 2018, the monthly average transaction volume saw an increase of 500% year-on-year, while the total transaction value increased 400%. Meanwhile, the number of service providers witnessed a year-on-year increase of 300%, and the number of merchants accepting WeChat Pay increased 700%. In Korea, the number of merchants accepting WeChat Pay increased over 300% in 2018. WeChat Pay is now available in 49 markets outside of the Chinese mainland, supporting cross-border payment transactions in 16 currencies. WeChat Pay Unveils Five Key Areas of its Cross-Border Business Making a purchase is not only about payment. The entire experience throughout the consumer journey is important to conclude the transaction. WeChat Pay is looking closely into the overall customer experience, and exploring more smart living solutions to cover retail, F&B, and fashion, municipal services and many other aspects of daily life. At the conference, WeChat Pay unveils five key areas of its cross-border business: To expand its cross-border payment into more markets and to support more currencies. To promote smart checkout solutions and improve the shopping experience for consumers. To promote self-service F&B ordering solutions to ease the communication that involves different and multiple languages. To promote the usage of AI-based solutions in the fashion and beauty industries that enable virtual fitting and makeup testing. To explore more solutions in areas such as overseas consular services, medical care, education and other social services. WeChat Pay has successfully developed many case studies in offering smart living solutions. For example, at Heytea Hong Kong, users can order through its WeChat's Mini Programs to avoid the queue and collect their orders in store when it is ready. For another scenario in Japan, Fuji-Q Highland guests can purchase tickets and check queuing times via its WeChat's Mini Programs to better plan their visit for different rides and activities, ensuring a smoother visitor's experience. WeChat Pay is also expanding its scope in other tourism and travel-related solutions. Today, close to 20 Chinese embassies and foreign consulates around the world are offering WeChat Pay services, which means that Chinese citizens can now make payments using WeChat Pay at these embassies and consulates if they encounter an emergency, for instance, replacement requests of their travel documents. WeChat - Connect People to Businesses Across Multiple Scenarios With outbound travel becoming easier and an increase in personal income levels, the Chinese outbound travel market continues to expand. In 2018, more than 149 million Chinese tourists travelled abroad, a 14.7% increase on the same period for the previous year[1]. Meanwhile, the consumption of outbound Chinese tourists exceeded US$120 billion, and per capita overseas consumption exceeded RMB 13,000[2]. While WeChat Pay is assisting the domestic service providers in mainland China to expand overseas, WeChat Pay also continues to optimize its overall training system to help overseas service providers and merchants to achieve a two-way communication with the Chinese travelers for better customer experience. [1] "2018 Tourism Market Overview", Ministry of Culture and Tourism of the People's Republic of China [2] "2018 Chinese Tourist Outbound Travel Report", China Tourism Academy and Ctrip Photo - https://photos.prnasia.com/prnh/20190322/2411483-1
  • MINISO Cooperates with Marvel Studios, Releasing 2000 Superheroes Peripheral Products
    GUANGZHOU, China, March 22, 2019 /PRNewswire/ -- On March 13, with the theme of "Meeting the Heroes", MINISO's new product release meeting was held in Guangzhou, China. The world's well-known retail brand MINISO officially announced the cooperation with globally renowned top IP Marvel to develop a series of peripheral products, which will be put on sale in over 100 countries. MINISO announced the official cooperation with the world’s top IP Marvel. The MINISO x MARVEL products exhibition area was set up at the new product release meeting. There were as many as 2000 Marvel products on display, including Spider-man, Captain America, Iron Man, Hulk, Captain Marvel, Thor and Black Widow. This time, the copyright owner of Marvel has granted authorization to MINISO in 123 countries, covering five continents. The licensed products covered 13 product categories of MINISO, which was unprecedented for Marvel. Mr. Ye Guofu, the global co-founder and CEO of MINISO, said that Marvel is the world's top IP with a wide range of influence and appeal. He loved the Marvel movies personally, and watched almost every movie of Marvel. Ye believed that good products should serve the masses instead of serving a small part of people. This is the reason why MINISO would cooperate with Marvel after developing cooperation with Hello Kitty, Adventure Time, We Bare Bears, Pink Panther, Pantone and Sesame Street. MINISO will continue to follow the principle of high quality and affordable price, and bring authentic peripheral products with first-class quality and affordable price to marvel fans around the world. Ada Dou, the executive vice-president of MINISO Commodity Center, indicated that there were three major factors for Marvel to cooperate with MINISO: the retail terminal covering the whole world; the principle of high quality and affordable price; and the high standard product design and quality control. Marvel has formed a subtle complementary relationship with the main consumer groups of MINISO. With this cooperation, Marvel can open up the female market, while MINISO can attract more male consumers through its series of products at the same time, Ada said. The peripheral products launched by MINISO in cooperation with Marvel are not only excellent in product design and quality, but also very competitive in price. An exquisite mug, for example, costs as little as RMB 7.9 on the market, while a Marvel superhero ornament only costs RMB 10 in MINISO, which is almost one tenth of the similar products in some boutiques. As for MINISO, cost-effective products are always a powerful weapon to open up the global market. With this concept, MINISO was able to quickly enter the retail market in more than 80 countries within 5 years. According to MINISO's official data, there are more than 3500 MINISO stores throughout the world so far, with RMB 17 billion turnover in 2018. Photo - https://photos.prnasia.com/prnh/20190322/2411390-1
  • MINISO Cooperates with Marvel Studios, Releasing 2000 Superheroes Peripheral Products
    GUANGZHOU, China, March 22, 2019 /PRNewswire/ -- On March 13, with the theme of "Meeting the Heroes", MINISO's new product release meeting was held in Guangzhou, China. The world's well-known retail brand MINISO officially announced the cooperation with globally renowned top IP Marvel to develop a series of peripheral products, which will be put on sale in over 100 countries. MINISO announced the official cooperation with the world’s top IP Marvel. The MINISO x MARVEL products exhibition area was set up at the new product release meeting. There were as many as 2000 Marvel products on display, including Spider-man, Captain America, Iron Man, Hulk, Captain Marvel, Thor and Black Widow. This time, the copyright owner of Marvel has granted authorization to MINISO in 123 countries, covering five continents. The licensed products covered 13 product categories of MINISO, which was unprecedented for Marvel. Mr. Ye Guofu, the global co-founder and CEO of MINISO, said that Marvel is the world's top IP with a wide range of influence and appeal. He loved the Marvel movies personally, and watched almost every movie of Marvel. Ye believed that good products should serve the masses instead of serving a small part of people. This is the reason why MINISO would cooperate with Marvel after developing cooperation with Hello Kitty, Adventure Time, We Bare Bears, Pink Panther, Pantone and Sesame Street. MINISO will continue to follow the principle of high quality and affordable price, and bring authentic peripheral products with first-class quality and affordable price to marvel fans around the world. Ada Dou, the executive vice-president of MINISO Commodity Center, indicated that there were three major factors for Marvel to cooperate with MINISO: the retail terminal covering the whole world; the principle of high quality and affordable price; and the high standard product design and quality control. Marvel has formed a subtle complementary relationship with the main consumer groups of MINISO. With this cooperation, Marvel can open up the female market, while MINISO can attract more male consumers through its series of products at the same time, Ada said. The peripheral products launched by MINISO in cooperation with Marvel are not only excellent in product design and quality, but also very competitive in price. An exquisite mug, for example, costs as little as RMB 7.9 on the market, while a Marvel superhero ornament only costs RMB 10 in MINISO, which is almost one tenth of the similar products in some boutiques. As for MINISO, cost-effective products are always a powerful weapon to open up the global market. With this concept, MINISO was able to quickly enter the retail market in more than 80 countries within 5 years. According to MINISO's official data, there are more than 3500 MINISO stores throughout the world so far, with RMB 17 billion turnover in 2018. Through constant cooperation with world famous IPs, on the one hand, MINISO makes use of the appeal of IPs to promote product sales; on the other hand, it also makes use of the influence of IPs to enhance brand awareness and reputation, and explores a unique "MINISO model" in the home furnishing market. Photo - https://photos.prnasia.com/prnh/20190322/2411390-1
  • WeChat Pay Supports Merchants Expanding Businesses by Bringing its Ecosystem to the World
    HONG KONG, March 22, 2019 /PRNewswire/ -- WeChat Pay today unveils its latest strategy for cross-border payment business at the WeChat Pay Overseas Partner Conference 2019. Themed 'One for Billion', the conference encourages service providers and merchants across the world to expand their businesses by reaching out and engaging Chinese travelers through WeChat ecosystem. Close to 1,600 guests, including representatives from global merchants and outstanding service providers from China and overseas, gathered in Hong Kong to explore the new opportunities with WeChat Pay's smart ecosystem. WeChat Pay smart life scenarios experience at the conference. "In the past five years, the progress of mobile payment technology development in China has received global attention, and the digitization of all walks of life has continued at a rapid pace. The real driving force behind this is not just a payment tool, but also the support of third-party service providers from the various industries. They are the true representatives of digital innovation in China," said Li Peiku, Vice-President of WeChat Pay. The wide variety of functions available within the WeChat Ecosystem will help overseas merchants to smoothly accelerate the digitalization process, in order to better serve Chinese tourists overseas. According to the latest data released at the conference, in 2018, the monthly average transaction volume saw an increase of 500% year-on-year, while the total transaction value increased 400%. Meanwhile, the number of service providers witnessed a year-on-year increase of 300%, and the number of merchants accepting WeChat Pay increased 700%. In Japan, the transaction volume, the total transaction value and the number of merchants accepting WeChat Pay in June 2018 increased more than 6 times compared with the same period of 2017. WeChat Pay is now available in 49 markets outside of the Chinese mainland, supporting cross-border payment transactions in 16 currencies. WeChat Pay Unveils Five Key Areas of its Cross-Border Business Making a purchase is not only about payment. The entire experience throughout the consumer journey is important to conclude the transaction. WeChat Pay is looking closely into the overall customer experience, and exploring more smart living solutions to cover retail, F&B, and fashion, municipal services and many other aspects of daily life. At the conference, WeChat Pay unveils five key areas of its cross-border business: To expand its cross-border payment into more markets and to support more currencies. To promote smart checkout solutions and improve the shopping experience for consumers. To promote self-service F&B ordering solutions to ease the communication that involves different and multiple languages. To promote the usage of AI-based solutions in the fashion and beauty industries that enable virtual fitting and makeup testing. To explore more solutions in areas such as overseas consular services, medical care, education and other social services. WeChat Pay has successfully developed many case studies in offering smart living solutions. For example, at Heytea Hong Kong, users can order through its WeChat's Mini Programs to avoid the queue and collect their orders in store when it is ready. For another scenario in Japan, Fuji-Q Highland guests can purchase tickets and check queuing times via its WeChat's Mini Programs to better plan their visit for different rides and activities, ensuring a smoother visitor's experience. WeChat Pay is also expanding its scope in other tourism and travel-related solutions. Today, close to 20 Chinese embassies and foreign consulates around the world are offering WeChat Pay services, which means that Chinese citizens can now make payments using WeChat Pay at these embassies and consulates if they encounter an emergency, for instance, replacement requests of their travel documents. WeChat - Connect People to Businesses Across Multiple Scenarios With outbound travel becoming easier and an increase in personal income levels, the Chinese outbound travel market continues to expand. In 2018, more than 149 million Chinese tourists travelled abroad, a 14.7% increase on the same period for the previous year[1]. Meanwhile, the consumption of outbound Chinese tourists exceeded US$120 billion, and per capita overseas consumption exceeded RMB 13,000[2]. While WeChat Pay is assisting the domestic service providers in mainland China to expand overseas, WeChat Pay also continues to optimize its overall training system to help overseas service providers and merchants to achieve a two-way communication with the Chinese travelers for better customer experience. [1] "2018 Tourism Market Overview", Ministry of Culture and Tourism of the People's Republic of China [2] "2018 Chinese Tourist Outbound Travel Report", China Tourism Academy and Ctrip Photo - https://photos.prnasia.com/prnh/20190322/2411482-1
  • Sunlands Technology Group Announces Unaudited Fourth Quarter and Full Year 2018 Financial Results
    2018 full year net revenues increased by 103.5% year-over-year2018 full year gross billings (non-GAAP) increased by 35.0% year-over-year2018 full year new student enrollments[1] increased by 35.6% year-over-year BEIJING, March 22, 2019 /PRNewswire/ -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China's online post-secondary and professional education, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2018. Fourth Quarter 2018 Financial and Operational Highlights Net revenues were RMB568.8 million (US$82.7 million), representing a 65.0% increase year-over-year. Gross billings (non-GAAP) were RMB759.8 million (US$110.5 million), representing a 5.8% decrease year-over-year. Gross profit was RMB490.3 million (US$71.3 million), representing an 84.8% increase year-over-year. Net loss was RMB183.7 million (US$26.7 million), representing a 57.1% decrease year-over-year. Net loss margin, defined as net loss as a percentage of net revenues, decreased to 32.3% from 124.1% in the fourth quarter of 2017. New student enrollments were 119,746, representing a 10.8% decrease year-over-year. As of December 31, 2018, the Company's deferred revenue balance was RMB3,286.0 million (US$477.9 million). Full Year 2018 Financial and Operational Highlights Net revenues were RMB1,974.0 million (US$287.1 million), representing a 103.5% increase from the full year 2017. Gross billings (non-GAAP) were RMB3,214.4 million (US$467.5 million), representing a 35.0% increase from the full year 2017. Gross profit was RMB1,643.6 million (US$239.1 million), representing a 105.5% increase from the full year 2017. Net loss was RMB927.0 million (US$134.8 million), representing a 0.9% increase from the full year 2017. Net loss margin decreased to 47.0% from 94.7% in the full year 2017. New student enrollments were 526,014, representing a 35.6% increase from the full year 2017. [1] New student enrollments for a given period refers to the total number of orders placed by students that newly enroll in at least one course during that period (including those students that enroll and then terminate their enrollment with the Company). Mr. Tongbo Liu, Chief Executive Officer of Sunlands, said, "2018 marked a year of strategic positioning and advancements for our Company. We completed our IPO, launched our AI-powered personalized study program, and broadened our graduate and post-graduate program offerings. We ended the year at the top end of our fourth quarter revenue guidance and narrowed our net loss margin. "In 2018, we started to explore innovative ways to attract more students to our online learning platform. One of our biggest achievements was initiating free trials. By offering potential students our upgraded free trials withintroductory seminars and free short-courses, we believe we can increase average gross billings, conversion rates and sales efficiency over the longer-term. "Our mission is to transform education with technology and innovation to make learning experiences enjoyable and rewarding. In line with these ideals, in 2018, we also began pursuing more user-friendly marketing tactics to introduce potential students not only to Sunlands' online STE platform, but to a broader range of our best-in-class programs. As we strengthen our brand awareness, we are capable of reaching a larger pool of prospective students who may benefit from our courses. In 2019, we will be focused on attracting more students to our platform by expanding our free trials with even more course offerings. We believe these initiatives will help develop online learning habits for more students, transferring them from offline to online, and enhance a stronger brand for Sunlands over the longer-term. "As a pioneer in the massive and evolving online post-secondary and professional education market, we are dedicated to providing a comprehensive online continuing education ecosystem, powered by our proprietary software that is tailored to each student's learning patterns. In 2019, we will look to further expand our business and gain market share. Empowered by our one-to-many live streaming model, we plan to broaden our course offerings to serve a larger student base and leverage our premier AI-technology and industry leading online education platform to create additional value for our students, teachers, partners and investors," Mr. Liu concluded. Mr. Steven Yipeng Li, Chief Financial Officer of Sunlands, said, "The continuous growth in the number of students[2] drove our growth in the fourth quarter, with our net revenues and gross profit increasing by 65.0% and 84.8%, respectively, year-over-year. Expanding our free trials with introductory seminars enabled us to enhance our sales productivity and efficiency, and our net loss margin decreased to 32.3% during the quarter from 124.1% in the fourth quarter of 2017. We plan to further invest in our growth by continuing to acquire and engineer best-in-breed content for our platform that supports our student acquisition efforts and maintains our leadership in the online post-secondary and professional education market." [2] Number of students for a given period refers to the total number of orders placed by students which remain in their respective service periods. Financial Results for the Fourth Quarter of 2018 Net Revenues In the fourth quarter of 2018, net revenues increased by 65.0% to RMB568.8 million (US$82.7 million) from RMB344.7 million in the fourth quarter of 2017. The increase was mainly driven by the growth in the number of students in the fourth quarter of 2018 compared to the fourth quarter of 2017, following new student enrollments continuous increase over the past years. Cost of Revenues Cost of revenues decreased by 1.1% from RMB79.4 million in the fourth quarter of 2017 to RMB78.5 million (US$11.4 million) in the fourth quarter of 2018. Gross Profit Gross profit increased by 84.8% to RMB490.3 million (US$71.3 million) from RMB265.3 million in the fourth quarter of 2017. Operating Expenses In the fourth quarter of 2018, operating expenses were RMB699.7 million (US$101.8 million), representing a 0.2% increase from RMB698.0 million in the fourth quarter of 2017. Sales and marketing expenses increased by 2.5% to RMB530.1 million (US$77.1 million) in the fourth quarter of 2018 from RMB517.3 million in the fourth quarter of 2017. The increase was mainly due to increases in spending on branding and marketing activities, including investments in broadening Sunlands' search engine and mobile application channels. General and administrative expenses decreased by 15.5% to RMB142.6 million (US$20.7 million) in the fourth quarter of 2018 from RMB168.7 million in the fourth quarter of 2017. The decrease was mainly due to significant share-based compensation expenses recognized in the fourth quarter of 2017. Product development expenses increased by 125.6% to RMB27.0 million (US$3.9 million) in the fourth quarter of 2018 from RMB11.9 million in the fourth quarter of 2017. The increase was primarily due to an increase in the number of employees and compensation paid to Sunlands' course and educational content professionals and technology development personnel during the quarter. Net Loss Net loss for the fourth quarter of 2018 was RMB183.7 million (US$26.7 million), compared with RMB427.8 million in the fourth quarter of 2017. Basic and Diluted Net Loss Per Share Basic and diluted net loss per share was RMB26.68 (US$3.88) in the fourth quarter of 2018. Cash and Cash Equivalents and Short-term Investments As of December 31, 2018, the Company had RMB1,248.8 million (US$181.6 million) of cash and cash equivalents and RMB1,028.6 million (US$149.6 million) of short-term investments, respectively, compared to RMB559.5 million of cash and cash equivalents and RMB353.1 million of short-term investments, respectively, as of December 31, 2017. Deferred Revenue As of December 31, 2018, the Company had deferred revenue balance of RMB3,286.0 million (US$477.9 million). Capital Expenditures Capital expenditures were incurred primarily in connection with purchases of buildings and IT infrastructure equipment necessary to support Sunlands' operations. Capital expenditures were RMB263.1 million (US$38.3 million) in the fourth quarter of 2018, compared to RMB307.2 million in the fourth quarter of 2017. Financial Results for the Year of 2018 Net Revenues For the year of 2018, net revenues increased by 103.5% to RMB1,974.0 million (US$287.1 million) from RMB970.2 million in the year of 2017. The increase was mainly driven by the growth in the number of students in the year of 2018 compared to 2017, following new student enrollments continuous increase over the past years. Cost of Revenues Cost of revenues increased by 94.0% from RMB170.3 million in the year of 2017 to RMB330.4 million (US$48.1 million) in the year of 2018. The increase was primarily due to the increase in compensation for our faculty members, which mainly included teachers and mentors, as we continued to retain our existing faculty members and attract new faculty members. Gross Profit Gross profit increased by 105.5% to RMB1,643.6 million (US$239.1 million) from RMB799.9 million in the year of 2017. Operating Expenses For the year of 2018, operating expenses were RMB2,672.5 million (US$388.7 million), representing a 54.7% increase from RMB1,727.6 million in the year of 2017. Sales and marketing expenses increased by 59.3% to RMB2,152.8 million (US$313.1 million) from RMB1,351.8 million in the year of 2017. The increase was mainly due to increases in (i) our sales and marketing compensation; and (ii) spending on branding and marketing activities, including investments in broadening our search engine and mobile application channels. General and administrative expenses increased by 29.4% to RMB443.7 million (US$64.5 million) from RMB342.9 million in the year of 2017. Product development expenses increased by 131.3% to RMB76.0 million (US$11.1 million) from RMB32.9 million in the year of 2017.The increase was primarily due to an increase in compensation for our course and educational content professionals and technology development personnel during the quarter. Net Loss Net loss for the year of 2018 was RMB927.0 million (US$134.8 million), compared with RMB918.7 million in the year of 2017. Basic and Diluted Net Loss Per Share Basic and diluted net loss per share was RMB147.27 (US$21.42) in the year of 2018.    Capital Expenditures Capital expenditures were incurred primarily in connection with purchases of buildings and IT infrastructure equipment necessary to support Sunlands' operations. Capital expenditures were RMB518.4 million (US$75.4  million) and RMB398.9 million for the years ended  December 31, 2018 and 2017, respectively.  Outlook For the first quarter of 2019, Sunlands currently expects net revenues to be between RMB550.0 million to RMB570.0 million, which would represent an increase of 35.3% to 40.3% year-over-year. The above outlook is based on the current market conditions and reflects the Company's current and preliminary estimates of market and operating conditions and customer demand, which are all subject to substantial uncertainty. Exchange Rate The Company's business is primarily conducted in China and all of the revenues are denominated in Renminbi ("RMB"). This announcement contains currency conversions of RMB amounts into U.S. dollars ("US$") solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to US$ are made at a rate of RMB6.8755 to US$1.00, the effective noon buying rate for December 28, 2018 as set forth in the H.10 statistical release of the Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on December 28, 2018, or at any other rate. Conference Call and Webcast Sunlands' management team will host a conference call at 7:30 AM U.S. Eastern Time, (7:30 PM Beijing/Hong Kong time) on March 22, 2019, following the quarterly results announcement. The dial-in details for the live conference call are: International: +1-412-902-4272 US toll free:  +1-888-346-8982 Canada toll free: +1-855-669-9657 Mainland China toll free:  400-120-1203 Hong Kong toll free: 800-905-945 Hong Kong: +852-3018-4992 Please dial in 10 minutes before the call is scheduled to begin. When prompted, ask to be connected to the call for "Sunlands Technology Group." Participants will be required to state their name and company upon entering the call. A live webcast and archive of the conference call will be available on the Investor Relations section of Sunlands' website at http://www.sunlands.investorroom.com/ A replay of the conference call will be available 1 hour after the end of the conference call until March 29, 2019. International:  +1-412-317-0088 US toll free: +1-877-344-7529 Canada toll free: 855-669-9658 Replay access code: 10129493 About Sunlands Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), formerly known as Sunlands Online Education Group, is the leader in China's online post-secondary and professional education in terms of gross billings in 2017, according to iResearch. With a one-to-many, live streaming platform, Sunlands offers various degree and diploma-oriented post-secondary courses as well as online professional courses and educational content, to help students prepare for professional certification exams and attain professional skills. Students can access its services either through PC or mobile applications. The Company's online platform cultivates a personalized, interactive learning environment by featuring a virtual learning community and a vast library of educational content offerings that adapt to the learning habits of its students. Sunlands offers a unique approach to education research and development that organizes subject content into Learning Outcome Trees, the Company's proprietary knowledge management system. Sunlands has a deep understanding of the educational needs of its prospective students and offers solutions that help them achieve their goals. About Non-GAAP Financial Measures We use gross billings and EBITDA, each a non-GAAP financial measure, in evaluating our operating results and for financial and operational decision-making purposes. We define gross billings for a specific period as the total amount of cash received for the sale of course packages, net of the total amount of refunds paid in such period. Our management uses gross billings as a performance measurement because we generally bill our students for the entire course tuition at the time of sale of our course packages and recognize revenue proportionally over a period. EBITDA is defined as net loss excluding depreciation and amortization, interest expense, interest income, and income tax expenses. We believe that gross billings and EBITDA provide valuable insight into the sales of our course packages and the performance of our business. These non-GAAP financial measures should not be considered in isolation from, or as a substitute for, their most directly comparable financial measure prepared in accordance with GAAP. A reconciliation of the historical non-GAAP financial measures to their respective most directly comparable GAAP measure has been provided in the tables included below. Investors are encouraged to review the reconciliation of the historical non-GAAP financial measures to their respective most directly comparable GAAP financial measures. As gross billings and EBITDA have material limitations as an analytical metric and may not be calculated in the same manner by all companies, it may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider gross billings and EBITDA as a substitute for, or superior to, their respective most directly comparable financial measures prepared in accordance with GAAP. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure. Safe Harbor Statement This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Sunlands may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Sunlands' beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: Sunlands' goals and strategies; its expectations regarding demand for and market acceptance of its brand and services; its ability to retain and increase student enrollments; its ability to offer new courses and educational content; its ability to improve teaching quality and students' learning results; its ability to improve sales and marketing efficiency and effectiveness; its ability to engage, train and retain new faculty members; its future business development, results of operations and financial condition; its ability to maintain and improve technology infrastructure necessary to operate its business; competition in the online education industry in China; relevant government policies and regulations relating to Sunlands' corporate structure, business and industry; and general economic and business condition in China Further information regarding these and other risks, uncertainties or factors is included in the Sunlands' filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Sunlands does not undertake any obligation to update such information, except as required under applicable law. For investor and media enquiries, please contact: Yingying LiuIR DirectorTel: +86 182 5691 2232Email: ir@sunlands.com   The Piacente Group, Inc.  Brandi PiacenteTel: +1-212-481-2050Email: sunlands@tpg-ir.com Ross WarnerTel: +86-10-5730-6201Email: sunlands@tpg-ir.com   UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except for share and per share data, or otherwise noted) As of December 31, As of December 31, 2017 2018 RMB RMB US$ ASSETS Current assets      Cash and cash equivalents 559,459 1,248,810 181,632      Short-term investments 353,070 1,028,564 149,598      Prepaid expenses and other current assets 48,993 124,908 18,169      Amounts due from related parties 250,096 - -      Deferred costs, current 55,073 180,657 26,275 Total current assets 1,266,691 2,582,939 375,674 Non-current assets      Property and equipment, net 525,288 559,511 81,377      Intangible assets, net 1,552 1,369 199      Deferred costs, non-current 43,187 146,610 21,324      Long-term investments 3,300 30,009 4,365      Other non-current assets 129,641 418,700 60,897 Total non-current assets 702,968 1,156,199 168,162 TOTAL ASSETS 1,969,659 3,739,138 543,836 LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' DEFICIT LIABILITIES Current liabilities     Accrued expenses and other current liabilities (including accrued expenses         and other current liabilities of the consolidated VIEs without recourse to         Sunlands Technology Group of RMB223,298 and RMB241,204 as of         December 31, 2017 and December 31, 2018, respectively) 235,900 455,284 66,218     Deferred revenue, current (including deferred revenue, current of the consolidated VIEs         without recourse to Sunlands Technology Group of RMB1,325,954 and         RMB1,765,085 as of December 31, 2017 and December 31, 2018, respectively) 1,325,954 1,765,085 256,721     Payables to acquire buildings (including payables to acquire buildings of the         consolidated VIEs without recourse to Sunlands Technology Group of RMB180,390         and nil as of December 31, 2017 and December 31, 2018, respectively) 240,390 61,540 8,951     Long-term debt, current (including long-term debt, current of the consolidated VIEs         without recourse to Sunlands Technology Group of RMB nil as of December          31, 2017 and December 31, 2018) - 32,500 4,727 Total current liabilities 1,802,244 2,314,409 336,617   UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS-continued (Amounts in thousands, except for share and per share data, or otherwise noted) As of December 31, As of December 31, 2017 2018 RMB RMB US$ Non-current liabilities     Deferred revenue, non-current (including deferred revenue, non-current of the consolidated VIEs without recourse to Sunlands Technology Group of          RMB784,474 and RMB1,520,940 as of December 31, 2017 and December 31,         2018, respectively)       784,474 1,520,940 221,212 Other non-current liabilities (including other non-current liabilities of the consolidated           VIEs without recourse to Sunlands Technology Group of nil and RMB135 as of           December 31, 2017 and December 31, 2018, respectively) - 17,147 2,494 Long-term debt, non-current (including long-term debt, non-current of the consolidated           VIEs without recourse to Sunlands Technology Group of RMB nil as of            December 31, 2017 and December 31, 2018) - 225,625 32,816 Total non-current liabilities 784,474 1,763,712 256,522 TOTAL LIABILITIES 2,586,718 4,078,121 593,139 MEZZANINE EQUITY      Series A convertible redeemable preferred shares 292,000 - -      Series B convertible redeemable preferred shares 601,605 - -      Series B+ convertible redeemable preferred shares 131,104 - - TOTAL MEZZANINE EQUITY 1,024,709 - - SHAREHOLDERS' DEFICIT      Ordinary shares (par value of US$0.00005, 1,000,000,000 shares         authorized; 4,329,000 and nil shares issued and outstanding         as of December 31, 2017 and December 31, 2018, respectively) 1 - -     Class A ordinary shares (par value of US$0.00005, 796,062,195 shares authorized; nil and 1,818,383 shares issued as of December 31, 2017 and December 31, 2018, respectively; nil and 1,773,301 shares         outstanding as of  December 31, 2017 and December 31, 2018, respectively) - 1 -     Class B ordinary shares (par value of US$0.00005, 826,389 shares authorized; nil and 826,389 shares issued and outstanding as of December 31, 2017 and December 31, 2018, respectively) - - - Class C ordinary shares (par value of US$0.00005, 203,111,416 shares authorized; nil and 4,265,286 shares issued and outstanding     as of December 31, 2017 and December 31, 2018, respectively) - 1 -     Treasury stock - - -      Additional paid-in capital 289,674 2,391,822 347,876      Accumulated deficit (1,922,748) (2,849,770) (414,482)      Accumulated other comprehensive (loss)/income (8,759) 118,827 17,283 Total Sunlands Technology Group shareholders' deficit (1,641,832) (339,119) (49,323) Noncontrolling interest 64 136 20 TOTAL SHAREHOLDERS' DEFICIT (1,641,768) (338,983) (49,303) TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' DEFICIT 1,969,659 3,739,138 543,836   UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in thousands, except for share and per share data, or otherwise noted) For the Three Months Ended December 31, 2017 2018 RMB RMB US$ Net revenues 344,657 568,799 82,728 Cost of revenues (79,376) (78,515) (11,420) Gross profit 265,281 490,284 71,308 Operating expenses      Sales and marketing expenses (517,330) (530,100) (77,100)      Product development expenses (11,948) (26,956) (3,921)      General and administrative expenses (168,732) (142,613) (20,742) Total operating expenses (698,010) (699,669) (101,763) Loss from operations (432,729) (209,385) (30,455) Interest income 6,753 23,421 3,409 Interest expense - (2,171) (316) Other income, net 170 1,179 171 Loss before income tax expenses (425,806) (186,956) (27,191) Income tax expenses - - - (Loss)/gain from equity method investments (1,993) 3,288 478 Net loss (427,799) (183,668) (26,713) Less: Net loss attributable to noncontrolling interest (78) (1) - Net loss attributable to Sunlands Technology Group (427,721) (183,667) (26,713) Net loss per share attributable to ordinary shareholders of  Sunlands Technology Group:      Basic and diluted (100.64) (26.68) (3.88) Weighted average shares used in calculating net loss     per ordinary share:      Basic and diluted 4,249,989 6,883,286 6,883,286   UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Amounts in thousands) For the Three Months Ended December 31, 2017 2018 RMB RMB US$ Net loss (427,799) (183,668) (26,713) Other comprehensive (loss)/income, net of tax effect of nil: Change in cumulative foreign currency translation adjustments (25,775) 1,820 265 Total comprehensive loss (453,574) (181,848) (26,448) Less: comprehensive loss attributable to noncontrolling   interest (78) (1) - Comprehensive loss attributable to Sunlands Technology Group (453,496) (181,847) (26,448)   SUNLANDS TECHNOLOGY GROUP RECONCILIATION OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES (Amounts in thousands) For the Three Months Ended December 31, 2017 2018 RMB RMB Net revenues 344,657 568,799 Less: other revenues (2,025) (697) Add: tax and surcharges 12,493 21,879 Add: ending deferred revenue 2,110,428 3,286,025 Less: beginning deferred revenue (1,659,084) (3,116,225) Gross billings (non-GAAP) 806,469 759,781 Net loss (427,799) (183,668) Add: income tax expenses - - depreciation and amortization 2,813 8,013 interest expense - 2,171 Less: interest income (6,753) (23,421) EBITDA (non-GAAP) (431,739) (196,905)   UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in thousands, except for share and per share data, or otherwise noted) For the Years Ended December 31, 2017 2018 RMB RMB US$ Net revenues 970,162 1,973,985 287,104 Cost of revenues (170,261) (330,376) (48,051) Gross profit 799,901 1,643,609 239,053 Operating expenses      Sales and marketing expenses (1,351,811) (2,152,830) (313,116)      Product development expenses (32,862) (76,022) (11,057)      General and administrative expenses (342,906) (443,691) (64,532) Total operating expenses (1,727,579) (2,672,543) (388,705) Loss from operations (927,678) (1,028,934) (149,652) Interest income 13,578 70,355 10,232 Interest expense - (2,171) (316) Other income, net 276 32,090 4,667 Loss before income tax expenses (913,824) (928,660) (135,069) Income tax expenses - - - (Loss)/gain from equity method investments (4,890) 1,710 249 Net loss (918,714) (926,950) (134,820) Less: Net (loss)/income attributable to noncontrolling interest (136) 72 10 Net loss attributable to Sunlands Technology Group (918,578) (927,022) (134,830) Net loss per share attributable to ordinary shareholders of  Sunlands Technology Group:      Basic and diluted (232.80) (147.27) (21.42) Weighted average shares used in calculating net loss     per ordinary share:      Basic and diluted 3,945,864 6,294,870 6,294,870   UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Amounts in thousands) For the Years Ended December 31, 2017 2018 RMB RMB US$ Net loss (918,714) (926,950) (134,820) Other comprehensive (loss)/income, net of tax effect of nil: Change in cumulative foreign currency translation adjustments (8,759) 127,586 18,557 Total comprehensive loss (927,473) (799,364) (116,263) Less: comprehensive (loss)/income attributable to noncontrolling interest (136) 72 10 Comprehensive loss attributable to Sunlands Technology Group (927,337) (799,436) (116,273)   SUNLANDS TECHNOLOGY GROUP RECONCILIATION OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES (Amounts in thousands) For the Years Ended December 31, 2017 2018 RMB RMB Net revenues 970,162 1,973,985 Less: other revenues (5,978) (6,961) Add: tax and surcharges 34,712 71,779 Add: ending deferred revenue 2,110,428 3,286,025 Less: beginning deferred revenue (727,569) (2,110,428) Gross billings (non-GAAP) 2,381,755 3,214,400 Net loss (918,714) (926,950) Add: income tax expenses - - depreciation and amortization 8,109 25,778 interest expense - 2,171 Less: interest income (13,578) (70,355) EBITDA (non-GAAP) (924,183) (969,356)   View original content:http://www.prnewswire.com/news-releases/sunlands-technology-group-announces-unaudited-fourth-quarter-and-full-year-2018-financial-results-300816934.html
  • PJAM requested a meeting with the independent directors of SinoPac FHC (2890 TT) to explain its Ethical Management Committee's responsibility and performance
    - As well as its compensation structure and employment strategy - The meeting request was denied 10 days later by the Investor Relations Department of SinoPac FHC TAIPEI, Taiwan, March 22, 2019 /PRNewswire/ -- PJ Asset Management Company Limited ("PJAM") and its affiliates, currently own more than 5% of the outstanding shares of SinoPac Financial Holdings Company Limited ("SinoPac FHC" or "Company"), issued a meeting invitation to the independent directors of SinoPac FHC on March 11, 2019. The main purpose of the invitation is to hold a face-to-face meeting between PJAM's management team and three independent directors of SinoPac FHC, and to help PJAM understand the efforts of SinoPac FHC 's corporate governance reinforcement and independent directors' involvement in the implementation process. The meeting agendas include (1) SinoPac FHC's Ethical Management Committee's responsibility and performance; (2) SinoPac FHC and its subsidiaries' compensation structure; (3) SinoPac FHC and its subsidiaries' employment strategy and hiring policy. The original letter in Chinese can be found on PJAM's official website http://www.pjam.com.tw/. On Mar 20 2019, PJAM received the response letter from the Department of Investor Relations of SinoPac FHC, which has clearly rejected PJAM's meeting request. The letter, which is reproduced below, provided the Company's explanation of the refusal to PJAM. While SinoPac FHC emphasized its commitment to a better corporate governance, PJAM is disappointed with the result and shall continue to urge the Company's board to proactively participate in investor communication, rather than put Department of Investor Relations sole steward of shareholders' communication. The original letter in Chinese can be found on PJAM's official website http://www.pjam.com.tw/. Dear PJAM, The set-up of Department of Investor Relations within SinoPac FHC is to be responsible for investor communication and to ensure that all shareholders' suggestions, concerns and disputes can be dealt properly by the department. The aforementioned subjects including our Ethical Management Committee's responsibility and performance, the subsidiaries' employment strategy and hiring policy were put forth to our audit committee. The audit committee members in accordance with the Company's past practice will assign and delegate the Department of Investor Relations to take charge the matters and respond to your request in due course. Media contact: Pamela Wu+886-2-2791-6668 #712pamela.wu@pjam.com.tw View original content:http://www.prnewswire.com/news-releases/pjam-requested-a-meeting-with-the-independent-directors-of-sinopac-fhc-2890-tt-to-explain-its-ethical-management-committees-responsibility-and-performance-300816917.htmlRelated Links :http://www.pjam.com.tw/
  • Lear Invests in Israel-Based Maniv Mobility Venture Capital Fund
    SOUTHFIELD, Mich. and SHANGHAI, March 22, 2019 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has invested in an Israel-based venture capital fund managed by Maniv Mobility that is focused on advancing mobility technology. Lear Invests in Israel-Based Maniv Mobility Venture Capital Fund The investment, which is being made through Lear Innovation Ventures (LIV), enables future collaboration and deepens Lear's involvement in the mobility technology ecosystem. Maniv Mobility's portfolio and investing activities are largely focused on Israeli start-up companies in the connected, autonomous, ridesharing and mobility sectors, as well as on investments in the U.S. and other markets. "Maniv is recognized as one of the premier investment funds focusing on the key trends in the automotive market, which makes it a great opportunity for LIV," said John Absmeier, Lear's Chief Technology Officer. "This is an exciting time of transformation for the industry, and Israel is at the forefront of the flourishing auto tech sector. We look forward to this strategic partnership and the innovations that will come from both start-ups and established companies that are driving the future of mobility." The partnership is not Lear's first mobility investment in Israel. In 2017, Lear acquired EXO Technologies, an Israeli developer of high accuracy vehicle positioning technology designed to meet the demands of the industry and drive change through increased accuracy, reliability and functional safety for ADAS and Autonomous driving applications. About Lear Corporation Lear Corporation Lear is one of the world's leading suppliers of automotive seating systems and electrical systems (E-Systems). Lear serves every major automaker in the world, and Lear content can be found on more than 400 vehicle nameplates. Lear's world-class products are designed, engineered and manufactured by a diverse team of approximately 169,000 employees located in 39 countries. Lear currently ranks #148 on the Fortune 500. Lear's headquarters are in Southfield, Michigan. Further information about Lear is available at lear.com or follow us on Twitter @LearCorporation. Lear is where passion drives possibilities. About Maniv Mobility Maniv Mobility is a leading venture capital fund dedicated exclusively to a new mobility future. Investing in early-stage startups, Maniv seeks out ideas around automotive connectivity and data, autonomous vehicle technologies such as sensors and software, and novel business models. With deep connections throughout the global automotive industry, policy and technology communities, Maniv leverages its network to provide hands-on support to its growing portfolio. For more information, visit http://www.maniv.com Photo - https://photos.prnasia.com/prnh/20190315/2404664-1 Related Links :https://www.lear.com/
  • Annual Omnisend Research: Custom Marketing Automation Rises, Performs Better Compared to Industry Standards
    LONDON, March 22, 2019 /PRNewswire/ -- Omnisend's annual statistics report shows that marketers who design custom automation workflows around customer behavior and demographics have better performing workflows overall. The infographic, created from original data and statistics on segmentation, omnichannel marketing automation, and campaign timing can be found in The 2019 Omnichannel Marketing Automation Statistics Report. Omnisend, omnichannel marketing automation platform for ecommerce, has released their annual report on campaign performance in marketing automation. The 2019 Omnichannel Marketing Automation Statistics Report released data on key Omnisend marketers and analyzed over 2 billion campaigns sent from nearly 12,000 brands. It's common knowledge in the ecommerce industry that 7 of 10 carts are abandoned. Cart recovery automation workflows have proven to be effective in recovering that lost revenue. According to the report, cart recovery automation workflows perform well for digital marketers, earning back 2.35% of potentially lost revenue. In comparing other automation workflows for online retail, welcome automation workflows came in behind cart recovery, earning 2.24% of orders for Omnisend marketers. As many digital marketers offer an incentive for email capture, it comes as no surprise that these campaigns are successful. However, the report also highlighted a growing trend among online marketers: more marketers than ever before are creating custom automation workflows tailored to their customers behavior. These campaigns performed best overall, counting open rates at 52.7%, well above industry averages for any other kind of automation workflow. Custom automation campaigns also tend to capture customer attention even longer, providing the highest click through rate of campaigns analyzed at 17.27%. While orders from custom automation workflows still lag behind at 1.82%, they still perform better overall when counting open and click through rates. Omnisend CEO, Rytis Lauris, commented: "This data shows the rising trend of creating custom automation workflows for ecommerce marketers. When marketers are able to tailor their workflows around their own specific customers and target them accordingly, they'll have better results overall. We hypothesized this for some time, but the data coming from 2018 proves this trend." About Omnisend:Omnisend is an omnichannel marketing automation platform that empowers digital marketers with sophisticated marketing automation. Leveraging email marketing and several other channel integrations, Omnisend easily integrates with ecommerce stores. Omnisend is listed in G2Crowd's selection of the Top 50 Products for Marketers 2019. Related Links :https://www.omnisend.com
  • Canon celebrates 10 successful years in Macau serving enterprises across the Guangdong-Hong Kong-Macao Greater Bay Area
    HONG KONG, March 22, 2019 /PRNewswire/ -- Canon Hongkong Company Limited (Macau Branch) (CMAC), celebrated its 10th anniversary with a special "Meet the Future" event at Wynn Macau, where the company unveiled Canon's vision for the future of imaging technology and its role in helping Macau achieve its goals under the "one center, one platform" strategy. Officiating the event were Mr. Shunichi Morinaga, President & CEO of Canon Hongkong, and Mr. Philip Chan, Director and General Manager of Business Imaging Solution & Production Printing Group, Canon Hongkong, who also expressed their gratitude to the honorable guests, dealers and business partners in attendance. Emphasizing his confidence in the Macau market, Mr. Morinaga said, "Canon will continue to pursue innovation in longstanding business segments such as cameras, inkjet printers and multifunctional devices, focusing on four new businesses: commercial printing, network cameras, healthcare and industrial equipment." Grand vision, high expectations The Macau SAR Government's "one center, one platform" strategy -- which calls for the dual transformation of Macau into a global tourism center as well as a commercial and trade platform between China and Portuguese-speaking countries -- demonstrates the importance of information-sharing in today's world, one in which images are playing an increasingly important role. Canon Optical Technology, for example, is being widely applied not only in cameras that are designed for daily use, but also in broadcasting lenses for TV stations around the world. While the Cinema EOS System combines 4K image quality and Canon Color Science, future technology will feature even sharper 8K resolution, revealing the smallest details through exceptionally high-quality images and enabling more production freedom than ever.  Mr. Morinaga said, "For the past 10 years, Canon has participated in the growth of this vibrant city through its distinctive imaging technology. By integrating our propriety imaging technology with the latest IT technology, and following our unique definition of IoT -- 'Imaging of Things' -- CMAC is poised to serve Macau with innovative products and solutions well into the future." The "Imaging of Things" approach is embedded in Canon's product designs to enhance connectivity between the physical and virtual worlds. Through the company's imaging technologies, from scanning and capturing to processing and output, it aims to strengthen bonds between people and objects and increase interaction. Such a transformative journey involves a huge amount of digitalization to reshape every aspect of a business. Mr. Chan said, "While we expect enterprises the Greater Bay Area (GBA) can transform at a gradual pace overall, we will accelerate this process with our professionals for enhanced business mobility and efficiency. The ultimate goal is to elevate the customer experience by aligning with the government's 'one center, one platform' initiative and helping corporations -- especially the hospitality and tourism industries -- achieve digital transformation." He added that by applying advanced technologies such as artificial intelligence and Robotic Process Automation (RPA), businesses will be able to focus more on critical decision-making and better prepare for future expansion. Utilizing the latest Canon technologies to "Meet the Future" Canon's Unified Business Platform (UBP) intelligent business management solutions are designed to help enterprises in the GBA to achieve digitalization, manage their businesses more effectively and facilitate cross-border operation. Intelligent business solutions for hospitality and tourism Hospitality and tourism, the cornerstones of the Macanese economy, are two industries that stand to benefit from integrating intelligent solutions for higher levels of optimization and standardization. Canon pointed to the example of a major multinational hotel management group that successfully boosted its efficiency through UBP Antelope, which acts as a single platform connecting various systems, synchronizing data from different departments and coordinating workflows across branches. As a result, the company was able to reduce its human resource costs by 70% and additional delivery service costs by 80%, while the average time it spent on managing documents decreased from 20 manpower days to just eight. Canon said UBP Antelope can also help hospitality and tourism enterprises to enhance the customer experience. Antelope helps hotels streamline their reservation processing by automatically importing reservation data received through existing booking systems for digital form generation. This means customers no longer need to sign paper forms during check-in; instead, digital forms and e-signatures result in a more systematic document management and help companies achieve a higher level of environmental sustainability. Enhanced workplace mobility Another UBP solution, the mobile business platform MobileWork 3.0, allows data from multiple sources to be consolidated into a single database so that staff can collaborate and communicate across locations and departments via the platform. Colleagues can connect mobile devices with the platform to execute multiple tasks, such as human resources, workflow and document management, anytime and anywhere. Besides, important activities can be monitored via the platform's My Tasks feature, which enables multiple tasks to be assigned to particular staff and makes it simplier for project managers to keep track of working status and progress at once. With MobileWork 3.0,  all tasks can be ensured to be completed on time, leading to optimized business operations and stronger cross-border management. The MobileWork 3.0 platform is also directly connected to Canon multifunctional device (MFD) imageRUNNER ADVANCE Generation 3 Third Edition user interface which automatically uploads scanned documents to the platform and initiates digital workflow for further handling by relevant departments. The integration of MobileWork 3.0 with Robotic Process Automation (RPA) results in the elimination of manual operations for tedious, repetitive tasks, helping documents reach departments instantly and reducing work completion lead times through digitalized workflow, better business mobility and enhanced cross-departmental collaboration. High level of security Data security is another chief area of Canon's focus that can never be neglected. For businesses to take advantage of cross-border collaboration, their data protection standards must adhere to stringent international guidelines. Canon's advanced technology offers comprehensive security and ensures that corporate data is well protected. Its Antelope platform also allows users to customize access for individual staff members and provides audit log analysis for accurate document tracking. Canon's MFDs verify systems at the device startup stage. The identification of any unauthorized program keeps the MFD from powering on, eliminating the risk of malicious hacking. In addition, MFD syslog information is synchronized with Security Information and Event Management (SIEM) solutions, providing administrators with real-time alerts about abnormal activities. With improved device usage transparency, enterprises can design defensive strategies and ensure a high level of security. Efficient cloud platform Another feature of Canon UBP, Capture +, further enhances the MFD user experience. The automated data capturing technology of this cloud-based feature helps with time-consuming administration works. Capture + extracts valuable data from scanned documents via the cloud platform and automatically names the file. By replacing manual operations and minimizing the potential for manual input error, Capture + expedites the entire document management process, enabling human resourcesto focus on decision-making, strategic planning and creative works and enhance business efficiency. Mr. Shunichi Morinaga, President and CEO of Canon Hongkong delivered his opening speech at the Macau 10th Anniversary Luncheon, “Meet The FUTURE – Creating Possibilities in The Greater Bay Area”.   Mr. Shunichi Morinaga, President and CEO of Canon Hongkong and Mr. Philip Chan, Director and General Manager of Business Imaging Solution & Production Printing Group, Canon Hongkong, toasted to the guests to celebrate the 10th anniversary of Canon Macau.   Mr. Shunichi Morinaga interacted with guests and exchanged opinions about how to best utilize innovative technologies, embracing the future of Greater Bay Area.   About Canon Hongkong Company Limited Canon Inc. (TSE:7751 / NYSE:CAJ) was founded in 1937 in Japan. Its predecessor, Precision Optical Instruments Laboratory, produced Japan's first 35 mm focal-plane-shutter camera "Kwanon" in 1934. Canon Inc. eventually expanded into the photocopying and printing industries, launching Japan's first plain-paper copier NP-1100 in 1970 and the world's first inkjet printer BJ-80 in 1985. Through the years, Canon Inc. has acquired in-depth experience in digital imaging product manufacturing, and research and development. It is a leader in the development of innovative products and holds the most technology patents in the imaging industry. Canon Inc. also makes a significant contribution to the promotion of photography. Today, Canon Inc. has a strong global presence and is one of the most important market players in the imaging, office and industrial product categories. As of 31 December 2018, Canon's global revenue was US$35.6 billion. One of the company's first offices in Asia, Canon Hongkong Co., Ltd. (CHK) was established in 1971. It is responsible for the sales, marketing and after-sales services for all Canon product lines in Hong Kong and Macau. With the solely owned subsidiary Canon Business Solutions (Guangdong) Co., Ltd." established in 2018, the company can also provide intelligent total business solutions and professional services to companies in the Greater Bay Area. CHK adheres to Canon's corporate philosophy of "kyosei", which encourages the company and its staff to participate in social, charitable and environmental activities in the community. CHK implements internationally-recognized management systems and has achieved ISO 9001, ISO 14001, ISO 27001 (Canon Digital Production Center) and OHSAS 18001 certification. For more information about Canon Hongkong, please visit our website: https://hk.canon/. Photo - https://photos.prnasia.com/prnh/20190322/2411419-1-a Photo - https://photos.prnasia.com/prnh/20190322/2411419-1-b Photo - https://photos.prnasia.com/prnh/20190322/2411419-1-c Logo - https://photos.prnasia.com/prnh/20190322/2411419-1LOGORelated Links :https://hk.canon/
  • Odakyu Group Starts "2019 SAKURA Campaign"
    - Member Companies of Odakyu Group in Shinjuku, Hakone, Enoshima and Kamakura to Join Hands in Welcoming Tourists from Abroad - TOKYO, March 22, 2019 /PRNewswire/ -- The Odakyu Group started a "2019 SAKURA Campaign" from Friday, March 15, to Sunday, April 21, 2019. There are numerous cherry blossom-viewing spots along the Odakyu lines, such as Hakone and Kamakura in Kanagawa Prefecture. Hakone, where the time when cherry trees bloom differs from area to area, is a particularly popular spot because visitors can enjoy viewing cherry blossoms over a longer period than in Tokyo. The "2019 SAKURA Campaign" is designed to ensure tourists from abroad will enjoy viewing cherry blossoms along the lines. An overview of the campaign is as follows. SAKURA Campaign website: https://odakyu-season.jp/ 1. Special page opened on cherry blossoms along Odakyu lines on Odakyu Group's global website A campaign page is in place on Odakyu Railway's global website, carrying information on cherry blossoms, such as maps of cherry blossom-viewing spots, in English, Chinese (simplified/traditional), Korean and Thai in real time. 2. Goods featuring cherry blossoms and hotel coupons to be presented to those who post photos of cherry blossoms along the lines If campaign participants take photos of cherry blossoms along the Odakyu lines and upload them to their Instagram accounts with the hashtag "#OdakyuSakura" and "@odakyu_japan" or submit them to the campaign website's Chinese (simplified characters) version, the photos will be published on the campaign site. Moreover, accommodation coupons for a pair of people, coming together with round-trip tickets for "Romancecar" limited express trains and Hakone Freepasses, will be presented to one person selected by lot from among campaign participants, while goods featuring cherry blossoms will be presented to five others. *If participants post their photos to their Instagram accounts, they can enter a prize draw on condition that they follow Odakyu's campaign account (odakyu_japan). Image1: Hakone's imagehttps://kyodonewsprwire.jp/img/201903204473-O1-cGwf23O0 3. Original novelty goods featuring cherry blossoms to be presented to all those who show photos of cherry blossoms to OdakyuOdakyu will present original novelty goods featuring cherry blossoms (chopsticks or paper fans) to all those who show tablet computers or smartphones showing photos of cherry blossom -- which they have uploaded to the designated websites -- at 12 locations including Odakyu Sightseeing Service Center or information offices along the line. Image2: Novelty goodshttps://kyodonewsprwire.jp/img/201903204473-O2-8b7Q0TTP 4. 500-yen coupons for use at Odakyu Group to be presented A 500-yen coupon that can be used at designated Odakyu Group facilities is presented to each passenger who buys "Hakone Freepass" or "Hakone Kamakura Pass" or "Fuji Hakone Pass" for adults, which allow unlimited rides within designated areas at reasonable prices, at Odakyu Sightseeing Service Center in Tokyo's Shinjuku Station between March 15 and March 24. Campaign website: https://www.odakyu.jp/english/springcampaign/ (English/ simplified Chinese/ traditional Chinese) Image3: Posterhttps://kyodonewsprwire.jp/img/201903204473-O3-rAC5kbAq About Odakyu Electric Railway Co., Ltd.Odakyu Electric Railway, established in 1948, is one of Japan's major private railway companies. With the "Shinjuku" central transportation terminal in the capital of Japan, Odakyu lines extend to "Hakone," one of Japan's foremost hot spring tourist destinations, and "Enoshima-Kamakura," the historical seaside town close to the city center. The lines are used not only for sightseeing but also by two million commuters traveling to work every day. In addition to transportation, Odakyu conducts a variety of other businesses, primarily in the Tokyo and Kanagawa areas, such as department stores, supermarkets, real estate, hotels and restaurants.  Related Links :https://odakyu-season.jp/
  • iPinYou Partners with Weibo to Provide a More Integrated Advertising Solution across Social and Programmatic Platforms
    WASHINGTON, March 22, 2019 /PRNewswire/ -- iPinYou, China's leading programmatic platform, recently partnered with Weibo to integrate their Chinese consumer data and media inventory into iPinYou's programmatic platform. This integration helps international brands navigate and decipher China's complex media landscape and maximize advertising efficiency. Grace Huang, founder and CEO of iPinYou, stated, "iPinYou values highly the integration with Weibo DMP. The platform, with its social-oriented and information-hosting nature, allows iPinYou to offer clients more integrated advertising solution to boost marketing efficiency." Social media in China is evolving rapidly with a different landscape than in western societies. Baidu, Alibaba, and Tencent (BAT) dominate nearly every aspect of the Chinese internet, with core businesses ranging from web search to social media. The digital media oligopoly of BAT underlies a unique consumer journey in China, which demands more sophisticated media buying solutions for international brands. Social media has unique advantages that can help brands engage new audiences. Chinese internet users are highly connected and engaged in virtual social communities and iPinYou partnered with Weibo to help brands connect with these audiences. Their data management platform (DMP) allows advertisers to further target audiences based on users' social media behavior including account-based engagement, brand followers, and hashtags. Ads run on the platform are posted in unique formats, such as their 9 square ads, and are embedded with deep-links to bring customers back to the company's app. Retargeting prospected new audiences is crucial for advertisers to boost marketing efficiency and generate a positive ROI. iPinYou helped one international e-commerce client retarget shoppers to bring them back to its mobile app to complete purchases.The campaign generated 3.5 times more return on ad spend compared to traditional portal remarketing campaigns. iPinYou worked with advertisers to better identify the valuable signals of consumer interest and intent through API integration or third-party tracking which enables mobile app activity post-backing and also provides data insights to clients. This type of integrated data and media solution helps brands to connect with and convert precise audiences across multiple channels and helps marketers to achieve their marketing goals. Leveraging iPinYou's holistic programmatic platform and integrated social media capabilities, marketers can successfully maximize the return on their advertising dollars and increase overall marketing efficiency. For more information, please contact iPinYou at international@ipinyou.comRelated Links :http://www.ipinyou.com.cn/?defaultLocale=en
  • Hyatt Regency Bali to Welcome 800 Guests & Partners at the Housewarming Party
    BALI, Indonesia, March 22, 2019 /PRNewswire/ -- Re-establishing as a new Balinese aesthetic in Sanur area, Hyatt Regency Bali hosted a re-opening party on Thursday, March 21, 2019, entitled Housewarming Party. Bringing a concept of warm welcome to an easy evening with your loved ones, the event was attended by over 800 guests coming from Singapore, Japan, United States, and Indonesia, including government officials, notable business owners, influencers, and local community. Kecak dance directed by Ketut Lanus was performed by students of the Indonesian Art Institute and was created specifically for this inauguration.   Guests from various circles shared their moments in the iconic lobby of the Hyatt Regency Bali. "Our purpose is not merely to mark the re-opening party, but also to bring back long time Hyatt friends and all supporters. That's what the Housewarming name stands for, that we will consistently emphasize on our identity to embrace a new luxury feeling in maximum warm and friendly nuances," said Bulan Bharata, Public Relations Manager of Hyatt Regency Bali. Formerly known as Bali Hyatt, Hyatt Regency Bali is one of Bali's hospitality icons known for its authentic Balinese design and secluded beach for over four decades. Set amid of 9 hectares lush landscaped tropical garden, during the event, all guests got a chance to experience a new convenience version of ultra-luxury hospitality. The event took place in different hotel areas, from the elegant open-air lobby, to Wantilan courtyard as the location of the inauguration ceremony, as well as poolside, Omang Omang and Pizzaria as dining and entertainment area. "We invited hundreds of guests to join in hotel tour, thus they could further explore the new facilities and room of the hotel. We purposefully used all our areas in the hotel, so guests can experience our new home," added Bulan.   With the new reopening concept that embraces Balinese warm spirit in abundant greenery and extensive new facilities, Hyatt Regency Bali is confident to bring new bright future for Sanur, as stated by Jefri Darmadi, President Director of Jakarta Setiabudhi International, developer of the new Hyatt Regency Bali.   "We are committed to work hand in hand with the community and to consistently grow Sanur area, as the magic of Sanur has special meaning for us. In an effort to remark Sanur as the new Bali's luxury hub, we're now focusing on future luxury residential and lifestyle retail project's development, on the land across the road," said Jefri Darmadi. After finishing major renovation for five years, Hyatt Regency Bali was officially re-opened in December 2018, adding the new modern spirit through tropical swimming pools, outdoor and indoor spa complex, as well as the only 500-meter-long white beach in Sanur's area. As mentioned by Hyatt Asia Pacific President, David Udell, during the inauguration, the hotel has always been committed to offer authentic Balinese resort experience. "At the time, it (Bali Hyatt) broke new ground with its Indonesian-style architecture, which went against the grain of the Western-style hotel designs that were popular at that time. Hyatt Regency Bali is a continuation of the Bali Hyatt legacy and an embodiment of the Hyatt Regency brand," said David Udell.   The inauguration was concluded with a torch lighting by David Udell and Jefri Darmadi continued by flash-mob style Kecak dance performance choreographed by renowned Balinese dance master, Ketut Lanus. Guests were then ushered by bleganjur, Balinese dance and music troops, to the dining area. To strengthen the new legacy of Hyatt Regency, the resort will consistently renew the facilities, including the upcoming launch of Shankha Spa's complex and Camp Hyatt for locally-inspired activities for kids, in end of second quarter 2019. To access media kit online, click here. Media Contact: Bulan BharataPublic Relations ManagerT: +62 361 28 1b234 / E: bulan.bharata@hyatt.com Photo - https://photos.prnasia.com/prnh/20190322/2411383-1-a Photo - https://photos.prnasia.com/prnh/20190322/2411383-1-b
  • Livestock Taiwan Expo held in Taipei on Oct 31, recruiting exhibitors now
    TAIPEI, Taiwan, March 22, 2019 /PRNewswire/ -- The 3rd edition of Livestock Taiwan Expo & Forum, an exclusive trade show in Taiwan and initiated by UBM Taiwan and Malaysia, will be held at Taipei Nangang Exhibition Center from 31st Oct to 2nd Nov, 2019.  The utility of IoT- and bio- technologies put into livestock business has been well developing in Taiwan. With the support of local authority, Council of Agriculture (COA), UBM aims to recruit innovative, eco-friendly and sustainable livestock products.  It is expected to advocate environmental zero-burden and harm-reducing as well as efficient productivity and food safety from farm to table.  "The utility of IoT- and bio- technologies put into livestock business has been well developing in Taiwan.  We strongly believe Taiwan will play an important role to raise stakeholders' awareness of technology adoption within Asia-Pacific regions," remarked Sabine Liu, General Manager of UBM Taiwan.   Livestock Taiwan Expo & Forum is the largest livestock trade fair launched in Taiwan.  UBM has foreseen the sprung-up business opportunities for automation manufacturing companies would attract industrial players' enthusiastic participation.  This year, UBM targets 350 participated exhibitors to provide diverse husbandry farming technologies and solutions. "The more consumers concern about food safety, the more husbandry farmers would be urged to improve their farming equipment," said Wang Chien-Pei, Secretary General of Taiwan Poultry Association.  He continued, "We're glad to have Livestock Taiwan held in Taipei.  It's a business hub and friendly city to attract international elites and enterprises.  None of industrial player would ever miss this comprehensive B2B trading platform." There are 4 thematic areas planned at the show, in which they are 'Breeding and Genetics,' 'Circular Economy,' 'Nutrition and Healthcare' and 'Smart Farming Equipment'.  The participated exhibitors include SKOV A/S, Big Dutchman, Kutlusan, Nabel, Kolowa Ventilation, Easy Fone Enterprise, Major Science, Life Rainbow Biotech, BSF Agritech, San Heh Pharmaceutical, and more.  A total of 1,600 square meters had been reserved. Launched concurrently with Aquaculture Taiwan and Asia Agri-Tech, the 3rd edition of Livestock Taiwan Expo & Forum contains a series of forums, technical seminars and business match making programmes within three-day exhibition.  For more exhibitor information, please contact Ms. Sophia Lu (TEL: +886-2-2738-3898). About UBM Asia Asia Agri-Tech Expo & Forum is organised by UBM, which in June 2018 combined with Informa PLC to become a leading B2B information services group and the largest B2B Events organiser in the world. Please visit http://www.ubm.com/asia  for more information about our presence in Asia. About news release, please contact Ms. Joy Chou   For exhibitor inquiry, please contact Ms. Sophia Lu   UBM Asia Ltd., Taiwan Branch TEL: +886-2-2738-3898 FAX: +886-2-2738-4886 Email: aat-tw@ubm.com Website: http://www.aquaculturetaiwan.com http://www.livestocktaiwan.com    There are 4 thematic areas planned at the show, in which they are ‘Breeding and Genetics,’ ‘Circular Economy,’ ‘Nutrition and Healthcare’ and ‘Smart Farming Equipment’. The 3rd edition of Livestock Taiwan Expo & Forum contains a series of forums, technical seminars and business match making programmes.   The 3rd edition of Livestock Taiwan Expo & Forum contains a series of forums, technical seminars and business match making programmes.     Photo - https://photos.prnasia.com/prnh/20190321/2410273-1-a Photo - https://photos.prnasia.com/prnh/20190321/2410273-1-b Photo - https://photos.prnasia.com/prnh/20190321/2410273-1-c Logo - https://photos.prnasia.com/prnh/20190321/2410273-1LOGO Logo - https://photos.prnasia.com/prnh/20170222/8521701055LOGO Related Links :http://www.ubm.com/asia
  • MobiFone Enters $3.5-Trillion App Economy with mobifoneGo
    Leading Vietnamese Carrier Launches New Content Services Using Syntonic's Revenue Generation Platform HANOI, Vietnam, March 22, 2019 /PRNewswire/ -- Syntonic, a leading mobile technologies and services provider, today announced that MobiFone Telecommunications Corporation ("MobiFone"), one of the leading mobile operators in Vietnam, has launched its new mobifoneGo service, built entirely on Syntonic's Revenue Generation Platform to capture new app-economy revenue streams. mobifoneGo offers consumers unlimited access to popular apps for a fixed daily or monthly fee. mobifoneGo offers consumers unlimited, data-free access to popular apps for a fixed daily or monthly fee. The new mobifoneGo service represents the first deployment of the newly-expanded Syntonic Revenue Generation platform, which now enhances its mobile advertising services with mobile commerce and content monetization capabilities. Syntonic has created the only unified platform for acquiring, engaging and monetizing a mobile audience throughout the entire customer journey. "We're thrilled to support MobiFone and our partner TLC in the launch of mobifoneGo," said Gary Greenbaum, Syntonic CEO. "This is a great customer endorsement of our end-to-end solution. MobiFone will deploy the entire unified platform, including our new mobile commerce services which make it easy and convenient for customers to purchase mobifoneGo app bundles using funds available in their carrier prepaid or postpaid account." Initially, the mobifoneGo service will support content subscription bundles with unlimited access for a fixed fee. Future services will integrate sponsored data and data rewards that engage and reward customers for specific actions, paid for by advertisers and content providers. mobifoneGo will launch with 16 "app bundles," including popular apps such as WhatsApp, Gmail, Grab, Skype, and Spotify, which can be purchased in either daily or monthly subscription packages. With a subscription, consumers have unlimited online access to their apps, which does not count against their data plan. The mobifone app is now available in the Google Play Store and coming soon to the App Store. Learn more at mobifonego.vn About MobiFone Established in 1993, MobiFone was the first mobile operator in Vietnam and currently serves nearly 50 million subscribers. About Syntonic Syntonic (ASX: SYT) unlocks the value of mobile data. Operators worldwide use Syntonic's easy-to-deploy Revenue Generation Platform to capture new revenue streams from mobile data and the app economy. Syntonic's award-winning software, services, and support span mobile advertising, content monetization, and online commerce, enabling mobile carriers, app publishers, content providers and advertisers to engage their audience and customers throughout the entire lifecycle. Learn more at http://www.syntonic.com. Photo - https://mma.prnewswire.com/media/839634/mobifoneGo2.jpg   Logo - https://mma.prnewswire.com/media/294833/syntonic_logo.jpg Related Links :http://www.syntonic.com/
  • Tencent Announces 2018 Fourth Quarter and Annual Results
    HONG KONG, March 21, 2019 /PRNewswire/ -- Tencent Holdings Limited ("Tencent" or the "Company", 00700.HK), a leading provider of Internet value added services in China, today announced the unaudited consolidated results for the fourth quarter of 2018 ("4Q2018") and audited consolidated results for the year ended December 31, 2018 ("FY2018"). FY2018 Key HighlightsRevenues: +32% YoY, non-GAAP profit attributable to equity holders of the Company: +19% YoY Total revenues were RMB312,694 million (USD45,561 million[1]), an increase of 32% over the year ended December 31, 2017 ("YoY"). Operating profit was RMB97,648 million (USD14,228 million), an increase of 8% YoY. Operating margin was 31%, down from 38% last year. Profit for the year was RMB79,984 million (USD11,654 million), an increase of 10% YoY. Net margin decreased to 26% from 30% last year.  Profit attributable to equity holders of the Company for the year was RMB78,719 million (USD11,470 million), an increase of 10% YoY. Basic earnings per share were RMB8.336. Diluted earnings per share were RMB8.228. On a non-GAAP[2] basis, which excludes certain non-cash items and certain impact of M&A transactions: Operating profit was RMB92,481 million (USD13,475 million), an increase of 13% YoY. Operating margin decreased to 30% from 34% last year. Profit for the year was RMB80,292 million (USD11,699 million), an increase of 21% YoY. Net margin decreased to 26% from 28% last year. Profit attributable to equity holders of the Company for the year was RMB77,469 million (USD11,288 million), an increase of 19% YoY. Basic earnings per share were RMB8.203. Diluted earnings per share were RMB8.097. 4Q2018 Key Highlights  Revenues: +28% YoY, non-GAAP profit attributable to equity holders of the Company: +13% YoY Total revenues were RMB84,896 million (USD12,370 million), an increase of 28% over the fourth quarter of 2017 ("YoY"). Operating profit was RMB17,288 million (USD2,519 million), a decrease of 33% YoY. Operating margin decreased to 20% from 39% last year. Profit for the period was RMB14,026 million (USD2,044 million), a decrease of 35% YoY. Net margin decreased to 17% from 33% last year.  Profit attributable to equity holders of the Company for the quarter was RMB14,229 million (USD2,073 million), a decrease of 32% YoY. Basic earnings per share were RMB1.505. Diluted earnings per share were RMB1.489. On a non-GAAP basis, which excludes certain non-cash items and certain impact of M&A transactions: Operating profit was RMB22,388 million (USD3,262 million), an increase of 2% YoY. Operating margin decreased to 26% from 33% last year. Profit for the quarter was RMB20,240 million (USD2,949 million), an increase of 10% YoY. Net margin decreased to 24% from 28% last year. Profit attributable to equity holders of the Company for the quarter was RMB19,730 million (USD2,875 million), an increase of 13% YoY. Basic earnings per share were RMB2.087. Diluted earnings per share were RMB2.065. Mr. Ma Huateng, Chairman and CEO of Tencent, said, "In 2018, we continued to enhance our services within our established Consumer Internet domain, and strengthened our initiatives in capturing the emerging Industrial Internet opportunities, while sustaining healthy financial metrics. Users and enterprises embraced the powerful functionalities of our Mini Programs, which became the largest and most vibrant ecosystem of their kind in China. We expanded our mobile game publishing presence globally and extended our digital content capabilities in China.  We widened our leadership in mobile payment and enriched our FinTech service offerings. Our organizational upgrade, together with our ongoing investments and innovations, position us to drive the evolution of Consumer Internet and to unleash the potential of Industrial Internet for both our partners and ourselves."  4Q2018 Financial Review Revenues from our VAS business increased by 9% to RMB43,651 million for the fourth quarter of 2018 on a year-on-year basis. Online games revenues were RMB24,199 million, broadly stable compared to the fourth quarter of 2017. Social networks revenues grew by 25% to RMB19,452 million. The increase mainly reflected growth in revenues from digital content services such as live broadcast services and video streaming subscriptions. Revenues from our online advertising business increased by 38% to RMB17,033 million for the fourth quarter of 2018 on a year-on-year basis. Social and others advertising revenues increased by 44% to RMB11,846 million, primarily contributed by an increase in advertising revenues derived from Weixin Moments, Mini Programs and QQ KanDian. Media advertising revenues grew by 26% to RMB5,187 million, mainly reflecting contributions from our media platforms such as Tencent Video and Tencent News. Revenues from our other businesses increased by 72% to RMB24,212 million for the fourth quarter of 2018 on a year-on-year basis. The increase mainly reflected higher revenues from our FinTech and cloud services, as well as film and television production business. Profit attributable to equity holders of the Company decreased by 32% to RMB14,229 million for the fourth quarter of 2018 on a year-on-year basis. The decrease was greatly affected by non-cash expenses related to capital raising at a subsidiary in the fourth quarter of 2018, coupled with substantial deemed disposal gains relating to the capital activities of certain investee companies (such as the IPOs of Yixin, Sea and Sogou) in the fourth quarter of 2017. Non-GAAP profit attributable to equity holders of the Company increased by 13% to RMB19,730 million. Other Key Financial Information for 4Q2018 Share-based compensation was RMB2,459 million, up 31% YoY. EBITDA was RMB27,180 million, up 17% YoY. Adjusted EBITDA was RMB29,701 million, up 18% YoY.Capital expenditure was RMB4,564 million, down 8% YoY.Free cash flow was RMB28,623 million, up 18% YoY. As at December 31, 2018, net debt position totalled RMB12,170 million. Fair value of our stakes in listed investee companies (excluding subsidiaries) totalled RMB238,040 million as at December 31, 2018. Business Review and Outlook 1.    Company Strategic Highlights 2018 marked the 20th anniversary of the founding of the Group. Throughout our history, we have constantly been embracing changes in users' needs, technologies and market conditions to stay at the forefront of our industry. In October, we initiated a strategic organisational upgrade to extend our strengths in the Consumer Internet and to capture the opportunities of the Industrial Internet. This strategic upgrade is intended to enable us to drive the convergence of social, content and technology trends, and to better serve enterprises, as well as consumers. During the year, we stepped up our investment in innovation and technologies to stay competitive in the evolving Internet industry. We enriched our social platforms with a broader portfolio of digital content, as well as online and offline services, thus deepening our connection with our users, advertisers, merchants and enterprise partners. Through these initiatives, we strengthened our market leadership in social, games, digital content, and payment, contributing to continuing growth across our core business segments. We made the following key achievements in our core businesses: Our social communications platforms, Weixin and QQ, represent the largest social communities in China in terms of MAU. The combined MAU of Weixin and WeChat increased to approximately 1,098 million by the end of 2018. Weixin further penetrated lower tier cities and covered a wider age group of users. On average, over 750 million Weixin users read friends' posts on Moments per day. Mini Programs are now widely adopted by users and enterprises, setting the industry trends for connecting online users to offline scenarios. DAU grew rapidly and daily visits per user increased by 54% year-on-year. Mini Programs cover more than 200 service sectors and connect with our users via multiple channels, including shortcuts in the chat interface, our in-app search function and offline Mini Programs QR Codes. In addition to connecting with online users, Mini Programs enable developers to achieve cross-platform development and instantaneous deployment for their products and services. We empower developers with cloud-based development kits, enhancing the development efficiency, particularly for long-tail developers. Daily visits to long-tail Mini Programs increased significantly, accounting for 43% of the total daily visits to Mini Programs. Overall MAU of QQ increased to 807 million by the end of 2018. We stayed engaged with young users as QQ introduced innovative and AI-empowered features to make its chat experience more fun and interactive. We offer entertainment-oriented content in verticals including eSports, comics and live streaming services to cater to the entertainment needs of millennial users. In particular, we further increased the user engagement of QQ KanDian, a popular news feed service among young users, through enriching its content with video feeds. We have built up a content ecosystem covering online games, literature, video, music, news and comics. For online games, we are the leading platform globally by revenue and users. Our technical strength supports the operation of multiple PC and mobile blockbuster game titles, serving hundreds of millions of active users every day. Internationally, our subsidiary Riot Games operates the highest-MAU PC game, League of Legends, and we operate the highest-MAU smart phone game, PUBG MOBILE. Through our partnerships with and investments in global leaders such as Epic Games (creator of Fortnite) and Supercell (creator of Clash of Clans), we support the innovation and growth of the global game industry. In China, our popular smart phone games expanded our user base and increased time spent. We have taken the lead in introducing the Healthy Gameplay System to assist parents in managing the amount of time their children spend playing games. We upgraded the system last September by introducing measures to strengthen real-name verification, and implementing game time limits for children players, as well as spending alerts to their parents. Our Tencent Game Guardian Platform enables parents to engage with their children and track their in-game activities online. We recently provided teachers access to this platform to enhance their engagement with their students who play games. These initiatives built a pilot case for the China game industry and, we believe, help position it for sustainable and healthy growth in the long run. Leveraging our rich IP portfolio, we provide digital content to our users across online media platforms.  Our total digital content subscription counts exceeded 100 million by the end of 2018, up 50% year-on-year. High quality content, better IP protection, enhanced streaming capabilities and convenience of mobile payment were the growth drivers for our digital content subscription business.  Tencent Video is the leading online video streaming platform in China in terms of mobile DAU and subscriptions, generating the highest revenues in the online video market in China through subscriptions and advertising. TME is the leading online music entertainment platform in China, operating the country's most popular and innovative music apps – QQ Music, Kugou Music, Kuwo Music and WeSing. In December 2018, we listed TME on the New York Stock Exchange. News feeds, short videos and mini videos contributed substantially to traffic on our media and distribution platforms including Tencent News, QQ KanDian, Mobile QQ Browser and Weishi. During 2018, we enhanced the monetisation potential of our platforms through connecting more advertisers, across more platforms, with more accurate user targeting capabilities. For social advertising, we increased our advertising inventory through adding the second ad unit in Weixin Moments, and we started to insert ad units into Mini Programs. For media advertising, we completed the system revamp of our news advertising in early 2018. Leveraging our enhanced recommendation algorithms, steady traffic growth and rising fill rates, our news feed business significantly grew its advertising revenues.  Our video advertising outpaced the industry in terms of its revenue amount and revenue growth rate, due to the popularity of our content, especially self-commissioned content, and the strong growth in sponsorship advertising revenue.  As part of the Company's strategic reorganisation, we merged our advertising sales teams to provide better marketing solutions, data analytics, and ad placement processes for our advertisers, thus enhancing their ROIs. Payment is one of the key infrastructure platforms of the Company, enabling us and our merchant partners to complete transactions for online and offline services. We extended our market leadership as the leading mobile payment platform by active users and number of transactions in China. Our total daily payment transaction volume exceeded 1 billion for 2018, driven by rapid growth in commercial payments, which represented more than half of the number of transactions. Our commercial payment revenue more than doubled year-on-year in 2018. Our payment platform connects with tens of millions of merchants and monthly active merchants increased over 80% year-on-year in the fourth quarter of 2018. We boosted our payment penetration in the food and retail industries thanks to features such as our Mini Programs and Scan-to-Pay solution. In Hong Kong, we launched the first-of-its-kind cross-border mobile payment service in October 2018, which enables WeChat Pay Hong Kong users to conduct RMB-denominated transactions funded by Hong Kong dollars. This cross-border mobile payment service now covers approximately 1 million merchants in Mainland China, including taxi-hailing, food ordering, and high-speed railway ticketing services. The transaction volume of WeChat Pay Hong Kong increased more than 10 times year-on-year. We launched WeChat Pay Malaysia services in August, offering online transactions such as mobile credit top-ups, flight and bus ticket purchases, and offline transactions at retail outlets, such as supermarkets, fashion and beauty stores. Globally, we are expanding our footprint by supporting China outbound travelers to make cross-border payments in overseas destinations, and we now offer real-time tax refund services for Weixin Pay users in over 80 airports. Weixin Pay is now available in 49 markets outside Mainland China, supporting cross-border payment transactions in 16 currencies. Building on our payment user base, we offer FinTech services to under-served consumers, conveniently and at low cost. LiCaiTong, our wealth management platform, helped manage over RMB600 billion of customer assets as of the end of 2018. WeBank, our associate with an online banking business, achieved rapid growth in the outstanding loan balance of its micro-loan product for consumers, WeiLiDai. WeBank also expanded its loan services to enterprises, serving the financing needs for small and micro businesses customers through WeiYeDai. Tencent Cloud is the foundation for our smart industry solutions. We integrate our cloud computing technology with AI and data analytics capabilities, to assist the digital transformation of various industries. Our online security capabilities enhance the stability and reliability of our cloud solutions. During 2018, Tencent Cloud maintained market leadership in verticals such as online games and streaming video leveraging our industry know-how and solid infrastructure. We now serve over half of the China-based games companies and are expanding overseas. We expanded our customer base rapidly for Internet services via strategic partnership in verticals. Key categories include eCommerce, social media and community, handset manufacturer app stores and smart transportation. We have further expanded our presence in other key industries such as financial and retail sectors. We are the partner of choice for top banks including BOC, CCB and CMB. Majority of top online finance companies and insurance firms are our clients. Our retail cloud solutions build on our unique properties such as Official Accounts and Mini Programs to increase retailers' consumer engagement, enhance their marketing ROI via our consumer targeting and anti-fraud technologies, and upgrade internal operations using AI, LBS and big data technologies. In addition to growing our core businesses organically, we make strategic investments in best-in-class companies so we can focus our management attention and company resources on our own core platforms, while capturing emerging opportunities in adjacent verticals through investee companies. We have invested in more than 700 companies. More than 100 investees were valued at over USD1 billion each. Among which, over 60 went public. We enrich our IP portfolio including games, video, music and literature via upstream investments, and broaden user reach and engagement via investments in vertical platforms. We work with businesses that can expand our offerings to meet evolving user needs, and accelerate the adoption of our enterprise services and products, such as O2O and smart retail companies, which has helped our payment service penetration and advertiser base expansion. And, we use investments as a tool for better understanding frontier technologies which will become important to our future, such as connected cars, Internet-facilitated healthcare, and quantum computing. Our investments have created value for our investee companies by offering them access to our large user base, and providing them infrastructure, technology and capital support to bolster their growth. 2.    Company Financial Performance In fiscal year 2018 Revenues increased by 32% year-on-year, primarily driven by FinTech services, social and video advertising, and digital content subscriptions and sales. Operating profit increased by 8% year-on-year. Non-GAAP operating profit increased by 13% year-on-year. Profit attributable to equity holders of the Company increased by 10% year-on-year. Non-GAAP profit attributable to equity holders of the Company increased by 19%. 3.    Company Business Highlights Operating Information As at 31 December 2018 As at 31 December 2017 Year- on-year change As at 30 September 2018 Quarter- on-quarter change (in millions, unless specified) MAU of QQ 807.1 783.4 3.0% 802.6 0.6% Smart device MAU of QQ                                      699.8 683.0 2.5% 697.9 0.3% Combined MAU of Weixin and WeChat 1,097.6 988.6 11.0% 1,082.5 1.4% Smart device MAU of Qzone 532.4 554.0 -3.9% 531.1 0.2% Fee-based VAS registered subscriptions 160.3 134.6 19.1% 154.1 4.0% Communication and Social Weixin and WeChat: Combined MAU was 1,098 million, up by 11.0% year-on-year. Hundreds of millions of social videos are uploaded and shared on the Weixin platform every day. We enriched our user experience via a new video function that allows users to share 15-second mini video clips with AI-recommended background music with friends. WeChat Work, an enterprise application integrated with Weixin, allows companies to deepen engagement with customers, digitalise user profiles for data analytics, facilitate office administration and enhance internal communication. It is seeing particularly rapid adoption by large enterprises, providing a showcase for SMEs. Approximately 80% of the top 500 enterprises in China are now registered as WeChat Work corporate users. QQ: Smart device MAU was 699.8 million, up by 2.5% year-on-year. Smart device MAU for users aged 21 years or below increased by 13% year-on-year. We further increased young user stickiness by enhancing the video recording functions and news feed features. We launched AI-powered filters and stickers for video chat, increasing the number of short and mini videos shared by young users by over 50% year-on-year. For QQ KanDian, we added a bullet chatting function within video and enhanced video feed recommendation algorithms, boosting the click-through volume and increasing user time spent. QQ KanDian daily video views rose over 300% year-on-year. Online Games For 2018, our smart phone games business achieved RMB77.8 billion revenues (including smart phone games revenues attributable to our social networks business), up 24% year-on-year; for the fourth quarter, it achieved RMB19.0 billion revenues, up 12% year-on-year. We released 9 licensed games in the fourth quarter, most of which were role playing games. The industry regulator re-started issuing game monetisation license ("banhao") approvals in December 2018, after a nine-month suspension. A total of 8 Tencent games (including 7 smart phone games and 1 PC game) have received approval so far, including role playing games, strategy, casual and functional genres. Since there is a sizeable backlog for the banhao applications in the industry, our scheduled game releases will initially be slower than in some prior years. We have implemented our upgraded Healthy Gameplay System in 39 smart phone games, including our most popular titles such as Honour of Kings, QQ Speed Mobile, Cross Fire Mobile, Naruto OL Mobile and MT4. The system has resulted in minors spending significantly less time in the affected games, but immaterial impact on time spent by adult players. In China, we increased our market share in smart phone games in terms of active users. We enhanced user engagement across multiple genres. For action titles, QQ Speed Mobile's anniversary promotions increased its DAU sequentially. Cross Fire Mobile introduced a season pass to encourage in-game engagement. For role playing games, we launched several IP-based games that attracted fans of popular anime and comic franchises such as Battle through the Heavens, Naruto OL Mobile and Samurai Spirits. For MOBA, Honour of Kings organised its flagship eSports event KPL Fall Final in December, attracting over 75 million unique viewers for the live broadcast. In international markets, PUBG MOBILE achieved breakout success, becoming the most popular game globally by MAU, and was named the Best Game of 2018 by Google Play. Our investee companies' success added to our proven track record of working with category leaders in the games industry. For example, Supercell's new MOBA game Brawl Stars was the most downloaded game in 50 markets after its global launch in December 2018. And, Epic Games' Fortnite continued its phenomenal success, topping US iOS Grossing Chart in the fourth quarter. Sea's first self-developed game, Free Fire, was the fourth most downloaded game globally in 2018, according to App Annie. Our PC client games business achieved approximately RMB50.6 billion revenues, down 8% year-on-year, for 2018, and approximately RMB11.2 billion revenues for the fourth quarter, down 13% year-on-year as users continue to shift time to mobile. League of Legends introduced its first season pass and increased average user time spent, with active users growing sequentially after a China team won the World Championship in November 2018. We released a sequel to NBA2K in China, significantly expanding the total user base of this popular basketball franchise. We launched two new internally developed PC games, Iris Fall and Bladed Fury, to better serve niche audience interests. Digital Content Our fee-based VAS subscriptions were up by 19.1% year-on-year to 160.3 million, mainly attributable to growth in video and music subscriptions. Tencent Video expanded its subscription counts to 89 million, up 58% year-on-year, driven by premium content and cross-promotions. We released sequels to popular self-commissioned IPs, extending the longevity and monetisation opportunities of these IPs. These included Candle in the Tomb Season 3 in the drama category, the Land of Warriors Season 2 in Chinese anime, and Once Upon A Bite in documentary (whose related IP program, Flavorful Origins, we licensed to Netflix for distribution outside China). We upgraded our VIP loyalty program to offer subscribers different tiers of privileges. We maintained healthy engagement trends with video views per DAU up over 40% year-on-year, as consumers watched more short-form videos. We are the leading streaming platform for sports fans in China, featuring 40 top global sports IPs, including the 4 major sports leagues in the US. We distribute sports content in live programs, news feeds and short videos formats across Tencent Sports, Tencent News, Tencent Video, Mobile QQ Browser and WeiShi. Since we began licensing NBA live streaming rights in 2015, we have expanded the total audience size for NBA games in China. Over the period, average daily unique visitors per live-streamed NBA game in China have tripled. Online Advertising Our online advertising business achieved RMB58.1 billion revenues, up 44% year-on-year, for 2018, and RMB17.0 billion revenues, up 38% year-on-year, for the fourth quarter. Social and Others advertising grew to RMB39.8 billion, up 55% year-on-year for the full year, and RMB11.8 billion, up 44% year-on-year for the fourth quarter, driven by Weixin Moments, Mini Programs, QQ KanDian and our mobile advertising network. We received positive feedback from advertisers after the launch of the second daily ad unit for Moments, and the overall ad fill rates remained high. About 50% of Moments' DAU were shown the second ad unit, and Moments ad click-through rates remained at healthy levels. Media advertising revenues amounted to RMB18.3 billion, up 23%, for the full year, and RMB5.2 billion, up 26%, for the fourth quarter. Among which, video advertising revenues increased by 34% year-on-year for 2018 and 21% year-on-year for the fourth quarter. The increase in the fourth quarter was driven by more video views and sponsorship advertising for our popular self-commissioned variety shows. Our news advertising revenues picked up year-on-year in the latter half of the year, recovering from our system revamp. Media feed advertising revenues grew by over 10 times year-on-year. Others Our other businesses grew revenues by 80% year-on-year for the year 2018, primarily contributed by FinTech and cloud services. The increase in FinTech revenues was driven by our take-rate on commercial transactions collected from merchants, cash withdrawal fees and credit card repayment charges collected from users, and the service fees from financial institutions for the distribution of FinTech products such as WeiLiDai and the wealth management products on our LiCaiTong platform. In January 2019, we completed the transition to the centralised clearing and settlement system and moved all custodian cash to the accounts of the People's Bank of China. As we added more use cases online and offline for our payment services, our payment active users increased robustly year-on-year. Users' transaction frequency and value per transaction also increased. Weixin Pay launched a new user interface enabling easier access to new features including virtual subsidiary cards for parents and children. We enhanced account management tools for merchants, including cash register, book-keeping and revenue sharing settlement functions. LiCaiTong enlarged its user base, reaching 100 million accumulated users by end of 2018. We expanded our FinTech services by rolling out LingQianTong, which enables users to invest the unused cash balance in their Weixin Pay accounts in funds.  Our cloud revenues increased by over 100% to RMB9.1 billion for the year 2018. Paying customers more than doubled year-on-year in the fourth quarter of 2018. Tencent Cloud's global infrastructure covered 25 regions and operated 53 availability zones as of the end of 2018. We developed and launched new IaaS and PaaS products in the fourth quarter. In addition to strengthening our leadership in games and video verticals, we further promoted our presence in financial and retail cloud services, leveraging our AI and security capabilities. 4.    Company Outlook and Strategies for 2019 Looking ahead, we will invest in core infrastructure and frontier technologies to embrace the trend of the Industrial Internet, while continuing to drive the evolution of the Consumer Internet. We will enable our enterprise partners to better connect with our users via an expanding, open and connected ecosystem. Utilising our innovation and technology capabilities, we seek to assist a range of industries in undergoing digital upgrades and transformation. For our social communications platforms, we will strengthen connections between our users with digital content, as well as online and offline services. We will also enhance connections with enterprises leveraging Mini Programs, Weixin Pay and WeChat Work. For online games, we will strengthen our game portfolio through enhancing our internal R&D capability and external partnerships. We will further expand our overseas business through exploring new game genres and strengthening our overseas publishing capability. For digital content, we will continue to invest and grow our subscription business. For advertising, we will strengthen our user targeting capabilities to further increase our ROIs to advertisers and relevance to consumers. For FinTech, we will drive innovation in our payment product development and add new payment use cases. We will also expand our FinTech solutions and product portfolio to cater to the wealth management and financial needs of our users. For cloud, we will integrate our advanced cloud computing capability, data analytics, AI and security solutions, to develop customised solutions for various industries such as retail, financial, transportation, healthcare and education. We will assist enterprises in upgrading and innovating for the digital age. For other detailed disclosure, please refer to our website http://www.tencent.com/ir, or follow us via Weixin Official Account (Weixin ID: Tencent_IR): Tencent Holdings Limited QR code   [1] Figures stated in USD are based on USD1 to RMB6.8632 [2] Non-GAAP adjustments excludes share-based compensation and M&A related impact such as net (gains)/ losses from investee companies, amortisation of intangible assets and impairment provision About Tencent Tencent uses technology to enrich the lives of Internet users. Our social products Weixin and QQ link our users to a rich digital content catalogue including games, video, music and books. Our proprietary targeting technology helps advertisers reach out to hundreds of millions of consumers in China.  Our infrastructure services including payment, security, cloud and artificial intelligence create differentiated offerings and support our partners' business growth.  Tencent invests heavily in people and innovation, enabling us to evolve with the Internet.    Tencent was founded in Shenzhen, China, in 1998.  Shares of Tencent (00700.HK) are traded on the Main Board of the Stock Exchange of Hong Kong.  Non-GAAP Financial Measures To supplement the consolidated results of the Group prepared in accordance with IFRS, certain additional non-GAAP financial measures (in terms of, operating profit, operating margin, profit for the period, net margin, profit attributable to equity holders of the Company, basic EPS and diluted EPS), have been presented in this press release. These unaudited non-GAAP financial measures should be considered in addition to, not as a substitute for, measures of the Group's financial performance prepared in accordance with IFRS. In addition, these non-GAAP financial measures may be defined differently from similar terms used by other companies. The Company's management believes that the non-GAAP financial measures provide investors with useful supplementary information to assess the performance of the Group's core operations by excluding certain non-cash items and certain impact of M&A transactions. In addition, non-GAAP adjustments include relevant non-GAAP adjustments for the Group's material associates based on available published financials of the relevant material associates, or estimates made by the Company's management based on available information, certain expectations, assumptions and premises. Forward-Looking Statements This press release contains forward-looking statements relating to the business outlook, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control.  These forward-looking statements may prove to be incorrect and may not be realised in future. Underlying the forward-looking statements is a large number of risks and uncertainties. Further information regarding these risks and uncertainties is included in our other public disclosure documents on our corporate website. CONSOLIDATED INCOME STATEMENT RMB in millions, unless specified Unaudited Audited 4Q2018 4Q2017 2018 2017 Revenues 84,896 66,392 312,694 237,760     VAS 43,651 39,947 176,646 153,983    Online advertising 17,033 12,361 58,079 40,439     Others 24,212 14,084 77,969 43,338 Cost of revenues (49,744) (34,897) (170,574) (120,835) Gross profit 35,152 31,495 142,120 116,925 Gross margin 41% 47% 45% 49% Interest income 1,350 1,156 4,569 3,940 Other (losses)/ gains, net (2,139) 7,906 16,714 20,140 Selling and marketing expenses (5,730) (6,022) (24,233) (17,652) General and administrative expenses (11,345) (8,811) (41,522) (33,051) Operating profit 17,288 25,724 97,648 90,302 Operating margin 20% 39% 31% 38% Finance costs, net (1,372) (859) (4,669) (2,908) Share of profit/(loss) of associates and joint ventures 16 (120) 1,487 821 Profit before income tax 15,932 24,745 94,466 88,215 Income tax expense (1,906) (3,123) (14,482) (15,744) Profit for the period 14,026 21,622 79,984 72,471 Net margin 17% 33% 26% 30% Attributable to:     Equity holders of the Company 14,229 20,797 78,719 71,510     Non-controlling interests (203) 825 1,265 961 Non-GAAP profit attributable to equity holders of the   Company 19,730 17,454 77,469 65,126 Earnings per share for profit attributable to    equity holders of the Company    (in RMB per share) - basic 1.505 2.206 8.336 7.598 - diluted 1.489 2.177 8.228 7.499   CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME RMB in millions, unless specified Audited 2018 2017 Profit for the year 79,984 72,471 Other comprehensive income, net of tax: Items that may be subsequently reclassified to profit or loss Share of other comprehensive income of associates and joint ventures 23 907 Net gains from changes in fair value of available-for-sale financial assets - 16,854 Transfer to profit or loss upon disposal of available-for-sale financial assets - (2,561) Currency translation differences 4,133 (9,316) Other fair value gains 181 756 Items that will not be subsequently reclassified to profit or loss Net losses from changes in fair value of financial assets at fair value through    other comprehensive income (16,391) - Other fair value losses (170) (50) (12,224) 6,590 Total comprehensive income for the year 67,760 79,061 Attributable to:     Equity holders of the Company 66,339 78,218     Non-controlling interests 1,421 843   OTHER FINANCIAL INFORMATION RMB in millions, unless specified Unaudited Audited 4Q2018 4Q2017 2018 2017 EBITDA (a) 27,180 23,278 110,404 89,724 Adjusted EBITDA (a) 29,701 25,127 118,273 95,861 Adjusted EBITDA margin (b) 35% 38% 38% 40% Interest and related expenses 1,345 839 4,898 3,060 Net (debt)/ cash (c) (12,170) 16,332 (12,170) 16,332 Capital expenditures (d) 4,564 4,975 23,941 13,585 Note: (a)    EBITDA consists of operating profit less interest income and other gains/losses, net, and plus depreciation of property, plant and equipment as well as investment properties, and amortisation of intangible assets. Adjusted EBITDA consists of EBITDA plus equity-settled share-based compensation expenses. (b)    Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenues. (c)     Net (debt)/cash represents period end balance and is calculated as cash and cash equivalents, plus term deposits and others, minus borrowings and notes payable. (d)    Capital expenditures consist of additions (excluding business combinations) to property, plant and equipment, construction in progress, investment properties, land use rights and intangible assets (excluding media contents, game licenses and other contents).   CONSOLIDATED STATEMENT OF FINANCIAL POSITION RMB in millions, unless specified Audited As at December 31 2018 2017 ASSETS Non-current assets   Property, plant and equipment 35,091 23,597   Construction in progress 4,879 3,163   Investment properties 725 800   Land use rights 7,106 5,111   Intangible assets 56,650 40,266   Investments in associates 219,215 113,779   Investments in redeemable instruments of associates - 22,976   Investments in joint ventures 8,575 7,826   Financial assets at fair value through profit or loss 91,702 -   Financial assets at fair value through other    comprehensive income 43,519 -   Available-for-sale financial assets - 127,218   Prepayments, deposits and other assets 21,531 11,173   Other financial assets 1,693 5,159   Deferred income tax assets 15,755 9,793   Term deposits - 5,365 506,441 376,226 Current assets   Inventories 324 295   Accounts receivable 28,427 16,549   Prepayments, deposits and other assets 18,493 17,110   Other financial assets 339 465   Financial assets at fair value through profit or loss 6,175 -   Term deposits 62,918 36,724   Restricted cash 2,590 1,606   Cash and cash equivalents 97,814 105,697 217,080 178,446 Total assets 723,521 554,672 EQUITY Equity attributable to equity holders of the Company   Share capital - -   Share premium 27,294 22,204   Shares held for share award schemes (4,173) (3,970)   Other reserves 729 35,158   Retained earnings 299,660 202,682 323,510 256,074 Non-controlling interests 32,697 21,019 Total equity 356,207 277,093 LIABILITIES Non-current liabilities   Borrowings 87,437 82,094   Notes payable 51,298 29,363   Long-term payables 4,797 3,862   Other financial liabilities 3,306 2,154   Deferred income tax liabilities 10,964 5,975   Deferred revenue 7,077 2,391 164,879 125,839 Current liabilities   Accounts payable 73,735 50,085   Other payables and accruals 33,312 29,433   Borrowings 26,834 15,696   Notes payable 13,720 4,752   Current income tax liabilities 10,210 8,708   Other financial liabilities 1,200 -   Other tax liabilities 1,049 934   Deferred revenue 42,375 42,132 202,435 151,740 Total liabilities 367,314 277,579 Total equity and liabilities 723,521 554,672   RECONCILIATIONS OF IFRS TO NON-GAAP RESULTS   As reported Adjustments Non-GAAP RMB in millions, unless specified Share-based compensation (a) Net (gains)/ losses from investee companies (b) Amortisation of intangible assets (c) Impairment provision (d)                                             Year ended December 31, 2018 Operating profit 97,648 7,900 (31,168) 524 17,577 92,481 Profit for the year 79,984 10,654 (32,121) 4,142 17,633 80,292 Profit attributable to equity holders 78,719 10,325 (32,696) 3,964 17,157 77,469 Operating margin 31% 30% Net margin 26% 26%                                            Year ended December 31, 2017 Operating profit 90,302 6,253 (17,816) 490 2,794 82,023 Profit for the year 72,471 7,080 (18,112) 1,841 3,124 66,404 Profit attributable to equity holders 71,510 6,875 (18,051) 1,706 3,086 65,126 Operating margin 38% 34% Net margin 30% 28% Note: (a)   Including put options granted to employees of investee companies on their shares and shares to be issued under investee companies' share-based incentive plans which can be acquired by the Group, and other incentives (b)   Including net (gains)/losses on deemed disposals/disposals of investee companies, fair value changes arising from investee companies, and other expenses in relation to equity transactions of investee companies (c)   Amortisation of intangible assets resulting from acquisitions, net of related deferred tax (d)   Impairment provisions for associates, joint ventures, AFS (2017) and intangible assets arising from acquisitions   RECONCILIATIONS OF IFRS TO NON-GAAP RESULTS   As reported Adjustments Non-GAAP RMB in millions, unless specified Share-based compensation (a) Net (gains)/ losses from investee companies (b) Amortisation of intangible assets (c) Impairment provision (d)                                             Unaudited three months ended December 31, 2018 Operating profit 17,288 2,459 1,579 198 864 22,388 Profit for the period 14,026 2,879 517 1,882 936 20,240 Profit attributable to equity holders 14,229 2,804 (125) 1,814 1,008 19,730 Operating margin 20% 26% Net margin 17% 24%                                            Unaudited three months ended September 30, 2018 Operating profit 27,861 2,011 (20,949) 127 13,513 22,563 Profit for the period 23,405 3,531 (20,840) 916 13,411 20,423 Profit attributable to equity holders 23,333 3,458 (20,819) 876 12,862 19,710 Operating margin 35% 28% Net margin 29% 25%                                            Unaudited three months ended December 31, 2017 Operating profit 25,724 1,874 (6,281) 112 424 21,853 Profit for the period 21,622 2,146 (6,229) 474 358 18,371 Profit attributable to equity holders 20,797 2,084 (6,189) 442 320 17,454 Operating margin 39% 33% Net margin 33% 28% Note: (a)   Including put options granted to employees of investee companies on their shares and shares to be issued under investee companies' share-based incentive plans which can be acquired by the Group, and other incentives (b)   Including net (gains)/losses on deemed disposals/disposals of investee companies, fair value changes arising from investee companies, and other expenses in relation to equity transactions of investee companies (c)   Amortisation of intangible assets resulting from acquisitions, net of related deferred tax (d)   Impairment provisions for associates, joint ventures, AFS (2017) and intangible assets arising from acquisitions Photo - 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  • OPIM launches Spectron FX Fund
    HONG KONG, March 22, 2019 /PRNewswire/ -- OP Investment Management Ltd. ("OPIM"), Asia's leading hedge fund platform, is partnering with Spectron Capital to launch Spectron FX Fund, which is Cayman-domiciled and for professional investors only. The absolute return fund will deploy fundamental, macro FX strategies expressed through G10 currencies. Founded by Mr. Chuan Hong, the Fund will deploy two strategies. The first uses a top-down approach by analyzing macroeconomic data to monitor currency volume, prices, and cycles to trade currency spots. The second is a tactical strategy that will incorporate technical factors and examine historical price patterns to determine the strength of market trends affecting G10 currency pairs. Signals generated from both strategies will help determine the holding period of the positions. In the short term, these can be intraday, while medium to long term positions can range from three to six months. "Last year, the economic outlook for all major economies worsened, so central banks became cautious about changing interest rates, remaining more dovish this year. As a result, the market expects lower volatility in G10 currencies, so the fluctuation of these currency prices will stay in a tighter range," said Mr. Hong. "Our dynamic strategy will take advantage of these sudden price movements during these currency cycles." Mr. Hong is the founding member of Spectron Capital, and the sole portfolio manager of Spectron FX Fund, having built his track record on over 6 years of proprietary trading experience in FX. Mr. Hong received his Bachelor of Science Degree in Chemistry from Imperial College London. "Spectron FX Fund is a great opportunity for Asian allocators to gain global exposure to macro themes outside of traditional equities, a strategy which has the tactical flexibility to generate absolute returns in different economic cycles and market conditions," remarked Alvin Fan, Chief Executive Officer of OP Investment Management. About OP Investment Management Ltd.OPIM is a leading Hong Kong based asset management company established and licensed since 2004 with Hong Kong Securities and Futures Commission (the "SFC") to carry out Type 4 (advising on securities) and 9 (asset management) regulated activities under the provisions of the Securities and Futures Ordinance (Cap.571) (the "HK SFO"). The company is also a member of the Oriental Patron Financial Group and associate of OP Financial Investments Ltd. (Hong Kong publicly listed 1140.HK). OPIM partners with emerging managers to develop innovative strategies for institutional and professional investors. OPIM's institutional fund platform attracts both managers and investors from around the world working with the industry's best business partners in alternative asset management. Website: http://www.opim.com.hk About the Oriental Patron Financial GroupFounded in 1993, Oriental Patron Financial Group is an independent financial services group based and fully licensed in Hong with the Hong Kong Securities and futures Commission (the "SFC"). Oriental Patron provides a diverse range of financial securities from Advisory to Investing, Financing to Securities and Research. Disclaimer This document is issued by OP Investment Management Limited ("OPIM"). This document, and the website of OPIM (www.opim.com.hk) has not been reviewed by the Securities and Futures Commission of Hong Kong.   This document is solely for information purposes and is not intended as an offer, a solicitation of offer or a recommendation, to deal in shares of securities or any financial instruments. Past performance and the predictions, projections, or forecasts on the economy, securities markets or the economic trends of the markets are not necessarily indicative of the future or likely performance of OPIM, any funds managed by OPIM, or any future funds to be launched under the Sunrise SPC Platform. Information herein is believed to be reliable at time of publication but OPIM does not warrant its completeness or accuracy and is not responsible for error of facts or opinion nor shall be liable for damages arising out of any person's reliance upon this information. Any opinion or estimate contained in this document may subject to change without notice. This document may not be published, circulated, reproduced or distributed without the prior written consent of OPIM.Related Links :http://www.opim.com.hk
  • Lead8's Qianhai Guanze Mixed-Use Development wins Best Conceptual Design Category at S.ARCH International Architecture Awards
    HONG KONG, SHENZHEN, China and HAVANA, March 22, 2019 /PRNewswire/ -- Lead8, the award-winning international firm of Architects, Masterplanners, Interior and Graphic Designers has been awarded The S.ARCH International Architecture Award for the Best Conceptual Design Category Urban Project for its design of the Qianhai Guanze mixed-use development in Shenzhen, China. Central Courtyard Aerial View   Main retail entrance The S.ARCH International Architecture Awards recognises excellence in architecture and urbanism, architectural diversity, and exemplary sustainable architecture implementations of projects and structures around the world. Particular attention is given to building/design schemes that use local resources and innovative design solutions. "This award is such an honour for us, especially given the focus is on sustainable architecture. This is something very close to our hearts and our design philosophy at Lead8. Accepting this award for a project in Shenzhen, China, here in the heart of beautiful Havana, is also gratifying," said Co Founder and Executive Director, Claude Touikan, who accepted the award on behalf of all of Lead8 in Havana, Cuba on 6 March, 2019. Located in a new financial district in Shenzhen, China, Qianhai Guanze is a 420,000 sqm mixed-use development overlooking the Shenzhen River waterfront, integrating two Class A office towers, a five-star hotel, 50,000 sqm of retail mall and two serviced apartment buildings. Lead8 helmed the project masterplanning, retail architecture, interior design and serviced apartments' facade, in collaboration with developer Horoy Holdings. Goetssch Partners (GP), is directing the architectural design for the two office towers and the hotel. The holistic design is the creation of a dynamic, highly visible landmark for the city. The project vision is to create a new urban destination with alternative outdoor experiences, retail and commercial activities for the community. Embracing the city's commitment to green design, Qianhai Guanze mixed-use development is driven by the concept of 'Town-within-a-Garden', and manifests in the form of a public urban park that helps to reconnect people with nature, while functioning as a green community asset. Green roofs and walkways, garden spaces and landscaped plazas connect pedestrians with the outdoor environment and to the public transportation system, as well as to adjacent sites and neighbouring developments. The five-level retail podium, connecting the office and residential towers, acts to anchor the development. "Qianhai Guanze mixed-use development creates a forward-looking identity for this new financial district," said David Buffonge, Co Founder and Executive Director of Lead8. "Its prominent location along Qianhai's green belt makes the development an inspiring urban environment for living, entertaining and work in Shenzhen. We are pleased to play a part in creating this unique development that will encourage interaction between people across different spaces." Qianhai Guanze mixed-use development is designed with an emphasis on the outdoor environment and connected living, and is due for completion in 2020. About Lead8Lead8 is an international architecture and design practice driven by creativity, integrity and excellence in design. We are a diverse, passionate group of architects and creative explorers who take pride in the global experience of our staff, spread across our studios around the world. We create new horizons in design thinking, delivering bespoke masterplanning, architecture, interiors, and graphic design services to create world-class, cutting-edge design solutions tailored to the needs of our clients and the communities we impact. Constantly striving towards greater creativity and innovation makes us agile, savvy and ever relevant in the global marketplace. Visit www.lead8.com for more information.All images©Lead8 International Limited High-Res Files Available on Request Photo - https://photos.prnasia.com/prnh/20190321/2410140-1-a Photo - https://photos.prnasia.com/prnh/20190321/2410140-1-b Related Links :http://www.lead8.com
  • Discover the Most Diverse Designs of Lifestyle Products at STYLE Bangkok
    BANGKOK, March 22, 2019 /PRNewswire/ -- STYLE Bangkok, a premier international lifestyle trade fair of Asia, is all set to offer the most comprehensive array of merchandise for diverse lifestyles at its one-stop sourcing platform at BITEC Bangkok, Thailand, from 17-21 April 2019. Discover the Most Diverse Designs of Lifestyle Products at STYLE Bangkok Meticulous planned to ensure highest business successes, STYLE Bangkok also provides opportunity for people in the lifestyle industry to network and build connections at all levels.  And for general visitors, this is the time to be inspired, to learn and to find the ideal products at great bargain prices. Driven by the theme "Crenovative Origin", combining creativity, innovation and originality into product and service design and delivery, the fair covers an exhibition space of 41,000 square meters with approximately 1,600 booths of brands, exhibitions, showcases and educational platforms. The display comes in various zones: Fashion products including apparels, fabric, leather goods, accessories, shoes, bags, sport equipment, travel gears and recreational products in BIFF & BIL Zone. Gift and houseware products including home decorative items, stationeries, toys, spa and wellness products in BIG+BIH Zone. Furniture, bedding and home textiles in TIFF Zone. The Niche Showcase Zone features thoughtfully-designed products catering for particular market segments including: 60+ products for Grand Generation, Mom & Kids products, Pets products and best design of locally-made-and-marketed OTOP products. There are Special Exhibitions and Initiatives including The New Faces Zone which offers opportunity for new entrepreneurs to showcase their creations. Pattern Creator and Functional Textile exhibitions highlight the high caliber of Thai textile designers and manufactures in combining originality and creativity with innovation to meet global consumers demands. Art Zone brings rare art pieces from renowned Thai artists to delight and inspire visitors. Hospitality & Home (H&H) showcases furniture, decors for hotels and accommodations exhibited at the Salone Del Mobile 2019 in Italy. Designers' Room and Talent Thai 2019 showcases creative works from talented Thai designers. Innovation and Design Showcase brings forth the innovative and design products in Thai industry. Innovation and Design Bazaar engages entrepreneurs and start-ups to participate in business matching to leverage marketing opportunity. Innovation plus Design Style Cafe caters to innovative and environmental-friendly products in the relaxing cafe-style atmosphere. DITP Logistic Pavilion offers on-site advice on trade logistics with professional delivery service and other related businesses. For more information, visit http://www.stylebangkokfair.com or call +66(0)-2507-8361-4, DITP Call Center 1169 Photo - https://photos.prnasia.com/prnh/20190320/2408856-1
  • I-ON Communications Corp. Announces Preliminary 2018 Financial Results and Business Updates
    SEOUL, South Korea, March 21, 2019 /PRNewswire/ -- I-ON Communications Co., Ltd.("I-ON" or the "Company"), www.i-on.net, a wholly-owned subsidiary of I-ON Communications Corp. (OTCQB: IONI), a Seoul, South Korea based global enterprise software company focused on delivering leading digital experience, CMS, unstructured data management and digital marketing solutions and services to mid and large private and public sector enterprises, is pleased to announce preliminary financial results for the year ended December 31, 2018. Further details will be available in I-ON's Annual Report on Form 10-K which it expects to be filed on or about March 30, 2019. Total revenue for the fiscal year came in at $6.6 million, which was comprised of higher licensing revenue contribution versus last year or roughly 24% of total revenue, while customized solutions and system integration made up a bulk of the remainder.  Gross income was approximately $1.7 million and the company was once again earnings positive and profitable for the year.  This was despite the significant year over year ramp in sales and marketing spend associated with international expansion and new solution rollouts related to DXP and sports ICT, as well as higher year over year public company related costs, which is expected to continue going forward.  While all geographies and solution offerings contributed to revenue, 2018 was a year during which I-ON´s focus on growth as a new and innovative public company was partially offset by revenue recognition and customer implementation delays experienced domestically throughout the year as cited in recent quarters.  Despite decelerating economic growth felt across East Asia in 2018, recent data suggests overall economic conditions are stabilizing.   The Company notes that its backlog into 2019 remained healthy at over $3 million, while its pipeline of engagements stood at approximately $6 million, comprising of a more diversified mix of PaaS, SaaS and sports ICT potential, in tandem with I-ON's newly forged alliances.  Key customers added during the latter part of 2018 and into 2019 included a major cosmetics company, Samsung Life, DB Insurance, CJ Digital Music and the KLPGA.  More recently, the Company announced Pacific Pro Football League as its first prospective US client, opening up a wide spectrum of sports software and digital marketing focused opportunities beyond South Korea. Balance Sheet I-ON's balance sheet as of the end of December remained healthy with cash and equivalents of over $3 million, total assets of $8 million and shareholders' equity of over $5.5 million.  I-ON continues to have available lines of credit with financial institutions for up to $3.6 million, of which there were no outstanding balances as of the end of December.  More recently in 2019, I-ON paid off the principal and interest related to previously announced convertible note financing consummated during 3Q18.  The Company will continue to opportunistically explore all growth financing alternatives suitable to fund long-term growth and goals and is in discussions with financial institutions and middle market investment banking firms to assist with our financing strategies. Outlook Chairman and CEO, Jae Cheol James Oh commented, "Despite some macro-economic headwinds domestically, we continue to remain focused on growing all facets of our business and will continue to invest accordingly.  In our first year as a public company, we have achieved concrete milestones including establishing new distribution channels and clients in newly targeted markets such as Singapore and U.S., as well as initiating strategies to launch our new digital experience platform (DXP), which will increase our clients' cloud capabilities and enable them to keep up with new features, services and devices for their marketing audiences.  We are also pleased to reaffirm that our current balance sheet remains healthy and we will continue to pursue growth financing avenues as necessary, subject to the right market conditions while looking out in the best interest of shareholders.  Growth through R&D driven solutions and key acquisitions remain core tenets of attaining our previously stated revenue goal of $25 million by 2020."  I-ON's rolling twelve-month pro forma revenue guidance of $15 million remains unchanged, which assumes the consummation of at least one acquisition in the current half of 2019 and modest organic growth across existing its existing solutions offerings.  As previously noted, the Company continues to implement a multi-faceted strategy to attain a revenue run-rate goal of $25 million by 2020, which would likely reflect more international contribution and an improving revenue mix of PaaS and SaaS revenue, yielding higher y/y gross, and operating margins well above 45% and 15%, respectively. About I-ON Communications Corp. I-ON Communications Corp. (www.i-on.net/eng) is a Seoul, South Korea-based software and solutions developer as well as provider founded in 1999.After being awarded its first of six key patents by 2003, I-ON has sold to over 1,600 clients across numerous verticals in both the private and public sectors, primarily throughout South Korea, Japan and Southeast Asia. The Company's core offerings include DXP (Digital Experience Platform) and revolve around unstructured data management, sports software and energy ICT solutions. Forward Looking Statements Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as "Risk Factors" in our filings with the Securities and Exchange Commission ("SEC"). There may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by securities laws. Press/IR Contact:Bruce S. LeeI-ON Communications Co., Ltd.ir@i-on.net View original content:http://www.prnewswire.com/news-releases/i-on-communications-corp-announces-preliminary-2018-financial-results-and-business-updates-300816510.htmlRelated Links :http://www.i-on.net