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PR Newswire

Onion Global Enhances Collaboration with MOOKLOOK and Schiff in China

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GUANGZHOU, China, Oct. 28, 2021 — Onion Global Limited ("Onion Global", the "Group" or the "Company") (NYSE: OG), a next-generation lifestyle brand platform that incubates, markets and distributes the world’s fresh, fashionable and future brands to young people in China and across Asia, today announced that it will enhance its collaboration with MOOKLOOK, a leading Japanese skin care brand, and Schiff, a leading manufacturer of dietary supplement in the USA, and its sub brands Move Free, MegaRed, Airborne and Digestive Advantage by becoming their authorized distributor in China. Under this collaboration, Onion Global will provide both brands with a full range of brand management services in China, including brand positioning, marketing, and new sales channel establishment across Onion Global’s O’Mall platform and other cross-border platforms.

Mr. Cong (Kenny) Li, Founder and CEO of Onion Global, commented, "These collaborations are yet another testament to the recognition that we receive amongst our global brand partners for our well-established upstream supply chain network, diversified sales channels, and precision marketing capabilities. These strengths, combined with our key downstream operating competences allows us to be a select partner for global brands coming to China."

"MOOKLOOK and Schiff recognized the value of our brand incubation capabilities, thereby deepening their collaboration with us to manage their product lines in China," Mr. Li continued. "Our latest strategy is to unite "Technology, Health and People", as we believe people’s focus on health will continue to be a major trend, and superior product technology will help us build stronger barriers from market competition. These factors will be the focus of our future R&D and incubation of products, as we continue to increase our consumer base by leveraging our omni-channel and vertical content dissemination marketing. The healthcare and beauty industry have been an increasingly popular trend within the younger generation in recent years, hence, we are specifically targeting the opportunities in this blue ocean market. Moving forward, we will continue to expand our partnerships with other leading high-tech brands to accelerate our penetration into the new big healthcare and beauty consumption sector and help overseas brands expand their presence in China."

MOOKLOOK’s product lines are innovated and created by the Science and Technology Research Institute of Skin Care, which is ranked top 3 in Japan for its advanced anti-aging beauty technology. Schiff is known as one of the most trustworthy and recognized nutrition and healthcare brands in the USA by balancing nature and science while nourishing and improving life and health.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, the Company’s forecasts, general observation of the industry and business outlook, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "expects," "anticipates," "target," "aim," "future," "intends," "plans," "believes," "potential," "estimates" "continue," "is/are likely to," or other similar statements. Further information regarding these and other risks is included in Onion Global’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Onion Global does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Onion Global Limited

Onion Global Limited (NYSE: OG) is a next-generation lifestyle brand platform that incubates, markets and distributes the world’s fresh, fashionable and future brands, which we refer to as "3F brands," to young people in China and across Asia. The Company’s mission is to be the dream factory of lifestyle brands for young people. The Company’s platform offering an integrated solution to develop, market and distribute new and inspiring branded products, thereby reshaping the lifestyle shopping and consumer culture in China. Onion Global Limited has been listed on New York Stock Exchange since May 2021.

For more information, please visit: http://ir.msyc.com/.

Investor Relations Contact

In China:
Onion Global Ltd.
Investor Relations
E-mail: ir@msyc.cc

Christensen
Mr. Eric Yuan
E-mail: eyuan@christensenir.com
Tel: +86-10-5900-1548

In United States:
Christensen
Ms. Linda Bergkamp
E-mail: lbergkamp@christensenir.com
Tel: +1-480-614-3004

Related Links :

http://ir.msyc.com/

PR Newswire

Gold is the Color of Autumn Deals

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Tomato Interactive Holds the First Golden October ‘GO DAY’ Shopping Festival for Saving More

NEW YORK, Oct. 23, 2021 — Tomato Interactive is proud to curate the first Golden October – ‘GO DAY’ shopping festival. It will be held from October 11th to November 3rd, kicking off autumn with twenty-four days of epic deals and the best quality products has to offer.

‘GO DAY’ shopping festival – Brand Collection
‘GO DAY’ shopping festival – Brand Collection

The shopping extravaganza will deliver users over 15 top brands and buzzworthy items across many categories, including home, beauty, electronics, and more, along with the best product benefits and never-before-seen exclusives.

Tomato Interactive provides businesses with an opportunity to market their products to millions of customers worldwide who are excited to shop for great deals and high quality.

Catch Top Goods on GO DAY

Deals start on October 11th. Beginning on that day, users can start shopping exclusive offers and discounts, including:

ECOVACS ROBOTICS has led the market as homes become more intelligent and responsive by building a world where home asks less of attention and becomes more seamless and powerful.

DEEBOT N8 PRO+ brings a hands-free and effectively superior cleaning experience for customers. Powered by TrueDetect 3D obstacle detection and avoidance technology, TrueMapping laser-based mapping and navigation technology, together with the compatibility of the Auto-Empty Station, the DEEBOT N8 PRO+ delivers a cleaning experience that reduces direct human interaction, providing a safe and hassle-free environment for families. DEEBOT OZMO T8 AIVI features ECOVACS’ optimized AIVI™ (Artificial Intelligence and Visual Interpretation) Technology for faster obstacle recognition and advanced mopping and vacuuming performance. The DEEBOT OZMO T8 AIVI is also the winner of the internationally respected iF Design Award for 2020.

SmallRig designs and builds complete accessory solutions for content creations with cameras, gimbals, and mobile phones.

SmallRig Professional Phone Video Kit provides one-stop solutions for mobile videography. It includes a phone cage, a microphone, a LED light, and a tripod, extending the possibilities in creations. SmallRig Portable Beauty-enhancing LED Lamp L10 provides 0-100% brightness control and 360-degree lighting selection, adapting to multiple scenarios for customers’ vlog, work, and study.

XTEP is a professional sportswear brand with an impressive product portfolio and extensive global distribution networks. The latest XTEP JLIN2 professional basketball shoes, co-designed by Jeremy Lin, will make its world debut on the GO DAY shopping festival; NAP is a designer brand producing high-quality loungewear and home furnishing products to modern women. NAP emphasizes modernity, simplicity and fashion, providing products for consumers strives for freedom and abundance; Dreame Technology is dedicated to creating and innovating high-end cleaning appliances by leveraging endless creativity and remarkable engineering. With an impressive portfolio of core inventions boasting more than 150 core patents and a workforce consisting mainly of engineers from world-class universities, Dreame Technology ceaselessly strives to enhance the quality of life of global users.

Consumers will also be provided with options of the following brands: ClicBot, CUPSHE, Fommos, moody, simorr, SKYWORTH, imoo, comfee, URBAN REVIVO, and Xiaomi.

More information about special offers will be revealed during the shopping festival, so keep up-to-date on the ‘GO DAY’ shopping festival www.shopgoday.com. 

Covering a wide range of products, the ‘GO DAY’ shopping festival enables top brands to show their inspiration and creation to customers on a broader stage. As the festival organizer, Tomato Interactive will continuously devote itself to enhance the global influence of brands and help companies bring more valuable products to buyers.

The shopping season is already underway and the ‘GO DAY’ shopping festival is just around the corner.

About Tomato Interactive

Tomato Interactive Ltd. was founded in Hong Kong to provide global influencer marketing, global media buy, online advertising, and global integrated marketing in over 180 countries and regions. Tomato Interactive helps connect brands and consumers globally and locally. It developed a unique influencer marketing model and strategy to help brands deliver their brand values in overseas markets. The service ranges from initiation of the creative idea, strategic consulting, influencer selection and communication, content quality assurance, and data & marketing analysis.

 

PR Newswire

Planful Empowers Amarenco Group to Streamline Complex Consolidation and Reporting Processes

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Leading Independent Solar Power Producer in the UK and Europe Eliminates Use of Spreadsheets and Improves Planning and Reporting Capabilities with Planful Platform

REDWOOD CITY, Calif., Oct. 13, 2021 — Planful Inc., the pioneer of end-to-end financial close, consolidation, and financial planning & analysis (FP&A) cloud software, today announced that Amarenco Group, a leading solar IPP active in Europe, the Middle East, and Asia Pacific that develops, finances, builds, and operates commercial and utility-scale solar PV projects, deployed the Planful platform to automate the financial close processes and to upgrade the company’s planning and reporting capabilities. RSM UK, a valued Planful partner and the leading provider of audit, tax, and consulting services to middle market leaders, worked alongside Planful on the customer implementation.

Amarenco Group, headquartered in Ireland with offices around the globe, was previously using spreadsheets to consolidate more than 300 separate entities that use a variety of currencies. Siobhán Rice, Group Financial Controller at Amarenco, was looking to modernize how her team manages the company’s complex consolidation needs and bring efficiencies to their statutory reporting. 

"Our goal was to replace spreadsheets with a modern cloud platform that automates our complex monthly elimination and consolidation processes," said Rice. "The Planful platform delivered those capabilities, while integrating with our existing technology stack, resulting in a 60% reduction in our monthly close cycle time. We’ve found the Planful consolidation and reporting solutions to be intuitive and with the level of support and engagement from RSM UK and Planful, we expect to further reduce our close process time and are excited to expand to additional Planful use cases."

At Planful Perform 2021, the company announced a range of customer experience enhancements, from focused customer engagement programs to pre-packaged Planful Now quick-start offerings. These transformative customer experience initiatives produced impressive customer satisfaction results, including an average Support CSAT (Customer Satisfaction) score of 92%, as well as a 96% customer referenceability rate for Planful implementations.

"Bringing rapid time-to-value, via the best user experience, to our customers worldwide is of the utmost importance to the Planful team," said Kimberly Simms, Chief Customer Officer, Planful. "Our cloud platform is allowing Amarenco Group to streamline their finance and accounting processes, so they can spend more time analyzing information to help the business make better financial decisions."

About Planful
Planful (formerly Host Analytics) is the pioneer of financial planning & analysis (FP&A) and consolidations cloud software. The Planful platform is used by the Office of the CFO around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and visual analytics. More than 900 customers, including Boston Red Sox, Del Monte, TGI Friday’s, and 23andMe, rely on Planful to accelerate cycle times, increase productivity, and improve accuracy across the end-to-end FP&A process. Planful is a private company backed by Vector Capital, a leading global private equity firm. Learn more at www.planful.com.

Additional Resources
Hear from Planful customers
Explore FP&A use cases
Discover Continuous Planning
Join the conversation on social media: LinkedIn, Twitter, or Facebook.

Contact
press@planful.com

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Related Links :

http://www.planful.com

PR Newswire

NextSmartShip Releases Next-Gen AI-Powered Order Fulfillment SaaS for Global Shopify Brands

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SHENZHEN, China, Oct. 11, 2021 — NextSmartShip, the leading GLOCAL order fulfillment partner for DTC (Direct-to-Consumers) brands, released its next-gen AI-powered order fulfillment SaaS (Software-as-a-Service) platform "Fulfillship".

The brand-new system features a perfect integration with Shopify and a more flexible, user-friendly and smarter order fulfillment experience. It can auto-sync orders at milliseconds level, keep track of inventory levels across multiple warehouses in real-time, and allow even a starter to easily manage Shopify store orders at zero cost with no minimum order requirement.

"Lacking a powerful and simple order management system has been the Achilles’ heel for most Shopify stores. With a one-stop solution like Fulfillship, online merchants can now enjoy a hustle-free order fulfillment experience with much less investment of cash and time," said William Yu, the CEO and founder of NextSmartShip.

"We wouldn’t say it is a product solely developed by NextSmartship team, because as guided by our genes, we have involved many of our current clients throughout the development process and as a result Fulfillship was greatly improved with their valuable advice and ideas. This co-development process will become our norm and I believe it will bring Fulfillship to a new level very soon."

"LISTEN TO CLIENTS" has been one of the core philosophies at NextSmartShip. With this in mind, it launched a brand-new green packaging solution last month to help e-commerce merchants to shift towards a green journey, and held the very first free-entry virtual global summit on September 10th to share necessary knowledge and critical resources for sellers to survive and thrive in this post-pandemic era.

As Fulfillship set sail today, Shopify brands are now able to save much of their cost in shipping, ERP software, and heavy manpower for handling data calculation and analysis. NextSmartship will continue to harness its core technologies to activate new functions and serve clients’ growing needs towards winning the market.

What’s unique about Fulfillship

Easier

  • Easy to install, one-click in market places like Shopify;
  • Easy to learn in less than 5 minutes with FAQs, video tutorials and live-training;
  • Easy to use, multi-language and intuitive UI.

Smarter

  • Smart shipping options recommendation;
  • Auto order-sync at milliseconds level and smart order information review;
  • Complete and accurate delivery status track of each package;
  • Fully streamlined process enabling much higher processing efficiency and accuracy.

Ever-Evolving

  • More platforms and marketplaces to be supported;
  • Frequent integration of new features;
  • Continuous optimization.

To view more details of the next-gen order fulfillment SaaS – Fulfillship, or try it out now for free, please visit: http://fulfillship.nextsmartship.com

About NextSmartShip

NextSmartShip is a tech-centered GLOCAL logistic powerhouse that strives to help DTC brands of different sizes to elevate their e-commerce business into the next big thing.

With a short history from 2019, the company has been helping thousands of global DTC brands to gain exceptional growth via its professional, stable, and affordable fulfillment services. It now delivers over a million packages per year to international destinations.

For media inquiries, please contact: daniel.camilo@nextsmartship.com

PR Newswire

Instacart Acquires FoodStorm, Introduces New Prepared Meals and Order-Ahead Enterprise Technology Solution for Retailers Across North America

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Instacart Will Integrate FoodStorm’s Technology into Its Leading Enterprise Offering, Enabling Retail Partners to Automate Their Catering and Prepared Foods Operations & Provide Customers with a More Seamless Grocery Meals Experience 

FoodStorm’s Talented Team Will Join Instacart as Part of the Acquisition

SAN FRANCISCO, Oct. 8, 2021 — Instacart, the leading online grocery platform in North America, today announced its acquisition of FoodStorm, a SaaS order management system (OMS) that powers end-to-end order-ahead and catering experiences for grocery retailers. With this acquisition, Instacart is expanding its enterprise technology portfolio to further support its retail partners’ ecommerce needs, investing in more innovative technology solutions that help retailers grow, compete, and better meet the evolving needs of their customers. 

The process for ordering prepared foods from grocers typically requires customers to call the store or place an order in-person – a labor-intensive and inefficient process that often results in both missed sales opportunities for retailers and a cumbersome customer experience. FoodStorm helps solve this problem by creating a more seamless experience for both retailers and customers. FoodStorm has developed a comprehensive SaaS offering that covers multi-channel ordering – ecommerce, phone or in-store kiosk – order management, and payment and fulfillment. Its technology also integrates easily with a large variety of third-party systems including point of sale systems (POS) and offers customer relationship management (CRM) capabilities that help grocers collect feedback, market their offerings and leverage promotional features. 

FoodStorm was founded 14 years ago and has developed strong partnerships with a number of Instacart’s existing retail partners including Albertsons Companies banners Balducci’s and Kings Food Markets, as well as Bi-Rite Market, Mollie Stone’s Markets, Uncle Giuseppe’s and Roche Brothers Supermarkets. Looking ahead, Instacart will make FoodStorm’s technology available to more retailers through Instacart’s leading enterprise technology offering. In addition to acquiring FoodStorm’s technology and tools, Instacart is also excited to welcome the talented FoodStorm team, which is based in the U.S. and Melbourne, Australia to Instacart.

"As a retailer enablement platform, Instacart is focused on growing our partners’ businesses by investing in innovative new technologies and services that deliver significant value to them and their customers," said Mark Schaaf, Chief Technology Officer, Instacart. "Our goal is to help our retail partners increase their sales and ensure more of their customers’ everyday meals come from the grocery store. That’s why we’re excited to welcome the talented FoodStorm team to Instacart and integrate their end-to-end order-ahead and catering platform into Instacart’s leading enterprise offering. For retailers, this new enterprise solution helps them bring even more of their inventory online, enhance their ecommerce capabilities, grow their business and meet the evolving needs of their customers. And, for customers, this unlocks a healthier, more affordable alternative to restaurant delivery – creating an easier way for people to order prepared foods online directly from their favorite grocers." 

Order-ahead technology solutions provide grocery retailers with a significant growth opportunity. On the Instacart platform, customers who purchase prepared foods and catering items like hot and cold side dishes, cakes and sushi from the grocery store have significantly larger baskets and shop more frequently than those customers who do not. For retailers, order-ahead items and prepared foods are also typically more profitable than traditional groceries like produce and package goods.  

"I’m incredibly proud of what the FoodStorm team has achieved for our partners. We’ve developed market-leading software that makes it easier for grocers to execute on prepared food and catering orders more efficiently, and track everything from one central location. This is a huge growth opportunity for grocers, and we’ve seen increased demand for our products as more customers are searching for seamless online and in-store ordering capabilities," said FoodStorm CEO Rob Hill. "Grocery is an incredibly complex retail category, making the need for enterprise-grade solutions like FoodStorm and Instacart critical to the long-term success of the industry we all rely on to put food on our tables. We’re excited about this next chapter as we join the Instacart team and create new ways for retailers to serve the ever-changing needs of their businesses and customers." 

"Delivering a world-class customer experience and excellent prepared foods is the mission of our business, and FoodStorm and Instacart have helped us do just that," said Russell McVeigh, Catering Director at Uncle Giuseppe’s Marketplace. "Once we deployed FoodStorm’s technology, online sales doubled and we were able to be more innovative with our menus because of the increased visibility FoodStorm’s platform provides. Both FoodStorm and Instacart have been critical to our growth and ability to serve our customers, and we’re excited to see what compelling enterprise products they’ll develop together."

"Both Instacart and FoodStorm have been important partners in bringing our business online and have opened up brand new sales and customer service channels for us," said Adam Laliberte, Director of Food Services at Roche Brothers Supermarkets. "Before FoodStorm, our software systems weren’t compatible with our catering needs and we had a limited online presence which meant we were missing out on a huge opportunity. Because of Foodstorm’s flexible and easily configurable technology, we’ve seen an increase in our catering business and have the ability to manage this increase more efficiently so that our teams can focus more on our customers. I’m thrilled that they are now joining forces with Instacart and we’re excited to see what enterprise offerings they’ll bring to market together."

Instacart’s enterprise technology today powers the comprehensive ecommerce platforms of more than 175 local, regional and national grocers across North America, including Costco Canada, Heinen’s, Sprouts, The Fresh Market, and Wegmans. Instacart first began offering enterprise technology to grocery partners in 2017. Since then, the company has continued to make significant investments in its enterprise business, scaling its engineering team and developing new technologies for grocers.  

About Instacart 
Instacart is the leading online grocery platform in North America. Instacart shoppers offer same-day delivery and pickup services to bring fresh groceries and everyday essentials to busy people and families across the U.S. and Canada. Instacart has partnered with more than 600 beloved national, regional and local retailers, including unique brand names, to deliver from nearly 55,000 stores across more than 5,500 cities in North America. Instacart’s platform is available to over 85% of U.S. households and 80% of Canadian households. The company’s cutting-edge enterprise technology also powers the ecommerce platforms of some of the world’s biggest retail players, supporting their white-label websites, applications and delivery solutions. Instacart offers an Instacart Express membership that includes reduced service fees and unlimited free delivery on orders over $35. For more information, visit www.instacart.com. For anyone interested in becoming an Instacart shopper, visit https://shoppers.instacart.com/.

Instacart Acquires FoodStorm
Instacart Acquires FoodStorm

 

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Related Links :

http://www.instacart.com

PR Newswire

Paper.id Launches B2B Buy Now Pay Later – Geared to Help Indonesian SMEs Ramp Up, And Out, of COVID

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JAKARTA, Indonesia, Oct. 6, 2021 — Paper.id, Indonesia’s largest B2B invoicing startup with US $640million in invoices processed since the start of the year, announces the launch of Buy Now, Pay Later (BNPL) for small to medium businesses. For customers that opt-out of financing, Merchants can still take advantage of BNPL through a new feature called "Get Paid Faster" (GPF). These features will provide desperately needed financing to more than 200,000 SMEs in Indonesia. 

From left to right: Jeremy Limman (CEO & Co-Founder), Yosia Sugialam (CTO & Co-Founder) and Anthony Huang (COO)
From left to right: Jeremy Limman (CEO & Co-Founder), Yosia Sugialam (CTO & Co-Founder) and Anthony Huang (COO)

Paper.id is releasing these products to address a major pain point of SMEs coming out of COVID. Many SMEs had to constrict their business activities under COVID and are finding it hard to ramp up with new consumer demand without a source of capital financing.  Post-pandemic, payment liquidity to suppliers is currently at 75 days, 32% slower than pre-pandemic rates according to research by Atradius. This creates strain on cash flow across the supply chain. Due to cash flow constraints, an average of 1 or 2 retail businesses go out-of-business in Indonesia each day.

To facilitate underwriting, earlier this year, Paper.id brought in strategic investor Buana Sejahtera Group, who owns a group of companies in the finance, logistics, and hospitality sectors to expand Paper.id’s financing capabilities and tap into a more traditional supply chain. "We have invested in several companies especially in the fintech and payment space in Indonesia that we thought can synergize well with our group core business and other investments. We see Paper.id, with its unique offering of invoicing, payment, and fintech, as a startup that can not only digitize and unlock financing capabilities for our ecosystem, but also for other supply chain in Indonesia," said Simon Pratama, Director of Buana Sejahtera Group.

"Based on our own internal data, most SME B2B buyers only have the option of paying their suppliers through cash or bank transfer. We unlock more options for the buyer with a BNPL and digital payment options, including credit card, regardless if the supplier actually provides payment terms or not. The exciting news is this will be made available to all of Paper.id’s existing digital invoicing customers," said Yosia Sugialam, Co-founder of Paper.id. At launch, Paper.id has validated more than three thousand invoices for BNPL.

The product flow can begin from either the Supplier or a Buyer. If a supplier wants to utilize the Get Paid Faster product, it can start by invoicing its buyer through Paper.id invoicing platform. Then, the buyer can acknowledge that the invoice is correct and contain the right information such as the quantity, product information and price. Validated invoice by validated suppliers and buyers, can seamlessly get instant payment from Paper.id ahead of its supposed payment term with a small fee.

Similarly, from the Buyer side, the buyer can input a purchase invoice or payout request to pay their suppliers with the digital payment options, including credit card, provided by Paper.id, regardless of the fact that their Suppliers have such payment option or not. Should the buyer require a term extension, they can seamlessly opt into the BNPL payment method that Paper.id provides, then repay at a later date. Instead of paying at purchase, or even within 1 week, buyers can set a payment plan to extend payment by 30 days.

As the pandemic has further stabilized in Indonesia, the impact on SMEs in Indonesia still lingers, both positively and negatively. "The current state of the pandemic provides a unique opportunity for us to further help the SMEs back in business and bring more options for them to alleviate their cashflow crunch both operationally and financially. These two solutions have seen tremendous growth in the past few months," said Jeremy Limman, Paper.id Co-founder and CEO. Paper.id has provided more than USD 10 million supply chain based financing and claimed that digital payment volume has tripled after the introduction of these two products.

While the free invoicing and bookkeeping still continues to grow, Paper.id sees the accelerated growth and adoption through these digital financing and payment products complete the trifecta of B2B transactions: Invoice / Business Document, Payment, and Financing. "We have observed that a company that utilizes the financing, tends to use digital payment and invoicing as well. This becomes a positive feedback loop that keeps reinforcing itself, transforming and digitizing the whole supply chain," Yosia concurred. "We are excited to see this digitization momentum, and looking ahead to not only transform multiple supply chain across different segments, but also empower the suppliers and buyers with the payment and financing options that they need," Jeremy closes.   

About Paper.id

Paper.id is a full stack B2B Invoicing & Payment Platform that helps companies send, track and match documents, reconciling and opening digital payment options, and providing supply chain-based financing. Founded at the end of 2016, Paper.id can integrate with large enterprise’s existing ERP system through APIs, or become an end to end solution for SMEs, thus connecting and digitizing the whole supply chain. The past two years, Paper.id has processed more than USD 1 billion worth of invoices in its platform  

Media Contact

Arrayyan Firdaus (Community & Partnership Associate)
+62 896-4981-0015
array.firdaus@paper.id

 

PR Newswire

Joy Spreader Group Buys Back HK$120 Million Worth of Shares for Inclusion in its Share Incentive Plan

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BEIJING, Oct. 3, 2021 /PR Newswire/ — Joy Spreader Group (HKG: 6988, "the Group") announced on September 30, 2021 that the trustee of the Group’s Share Incentive Plan had purchased 42.35 million of its shares from the market for a total consideration of some HK$120 million (approx. US$15.6 million) at an average price of HK$2.85 (approx. US$0.37) per share in accordance with the rules of the Plan and will hold the shares in the interest of the participants of the Plan.

The Share Incentive Plan announced in June aims to recognize the contributions of some of the Group’s directors, employees, consultants and advisors in a move to retain them to assist with the company’s future growth and expansion. 

The implementation of the Plan fully demonstrates the Group’s strong confidence in its business prospects. Going forward, the firm plans to continue implementing its share repurchase program based on market conditions. 

For more information about Joy Spreader Group Inc., please visit here.

 

Related Links :

http://www.joyspreader.com.cn

PR Newswire

Global Technologies divests AEi – MycronicAB

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STOCKHOLM, Oct. 2, 2021 — Mycronic’s Global Technologies division has divested Automation Engineering, Inc. (AEi) to Singapore-based ASM Pacific Technology.

AEi, which was acquired by Mycronic in 2016, develops, manufactures, and sells innovative and market leading solutions for precision Camera Module Assembly and Test (CMAT) systems used in electronics products. AEi provides a comprehensive product portfolio of fully-automated active alignment solutions, used to assemble camera modules and to measure and verify quality during volume production. The equipment is modular and adapted to customer requirements. The largest customer segment is the automotive industry.

"Our goal has been to find an owner with an existing broad offering towards the automotive industry, who in addition has a technological leadership position in active alignment solutions for camera and sensor assembly and thus can leverage AEi’s technology and know-how. We believe we have found such an owner in ASM Pacific Technology," says Michael Chalsen, Sr VP Global Technologies at Mycronic.

"We greatly look forward to continuing to develop AEi’s global market and technology leadership position together with ASM Pacific Technology and enabling full line solutions for the automotive and adjacent markets," says Jean Marc Peallat, General Manager, AEi.

The transaction is expected to be finalized in the fourth quarter of 2021 or first quarter of 2022, subject to customary closing conditions and regulatory approvals.

For additional information, please contact:
Michael Chalsen
Sr VP Global Technologies
Tel: +1 978 495 9418, e-mail: michael.chalsen@mycronic.com

Sven Chetkovich
Director Investor Relations
Tel: +46 70 558 39 19, e-mail: sven.chetkovich@mycronic.com

About Mycronic

Mycronic is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic’s headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, Netherlands, Singapore, South Korea, United Kingdom and United States. Mycronic is listed on Nasdaq Stockholm. www.mycronic.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/mycronic-ab/r/global-technologies-divests-aei,c3423991

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PR Newswire

WIN a Car This Diwali with coocaa’s Massive Festive Celebration*

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NEW DELHI, Oct. 1, 2021 — This Diwali, coocaa TVs has taken festivities to new heights. coocaa TVs has pledged to make one of its consumers a lucky winner of a brand new car!

From September 29th to November 4th (Big billion day and Big Diwali Sale), coocaa TVs & Flipkart have partnered together to gift one lucky shopper a brand-new car on buying any of coocaa’s TVs on Flipkart!

WIN a Car This Diwali with coocaa’s Massive Festive Celebration
WIN a Car This Diwali with coocaa’s Massive Festive Celebration

As an innovative Internet TV brand, coocaa is well-recognised as 2013’s Guinness World Record holder for the largest Smart TV sales acquired in a single day, and ranking 2nd for the biggest sales volume in 2020 in the world.

Today, coocaa is a leading provider in smart TV technology and has successfully become a friend of today’s younger generation. In Hyderabad, coocaa owns two factories, which produce more than 3 million units for home appliances annually, winning itself rising fame and popularity in India.

This Diwali, coocaa introduces its champion products to its Indian fans. The all-new coocaa S6G Pro & S3U Pro Smart TV are now available with a BIG promotional campaign on Flipkart!

The S6G Pro (available in 43", 50" and 55"), following its recent campaign during the AFF Suzuki Cup 2020, has become a hit across the golden generation in Southeast Asia. Powered by Android 10, S6G Pro contains brilliant features such as One-click Google Assistant, with ultra-low lag and latency.

Just like the S6G Pro, The S3U PRO Smart TV ensures a pleasant screen-sharing experience by providing reliable connectivity. With S3U PRO’s extra-large screen bolstered by coocaa’s German Picture Quality Lab, intelligent noise reduction technology and Dolby Audio sound effects, you are guaranteed with a remarkable home-viewing and gaming experience.

Ready to WIN BIG? This Diwali promotion might be a golden chance for you to get a new car or even your first car! Don’t miss this coocaa & Flipkart promotion between September 29th to Nov. 4th, where YOU might be the chosen one to own a coocaa TV AND a car in one go! Shop right now at https://bit.ly/3iiL679 (Terms & conditions applied*)

TIP: Follow coocaa on Facebook  (@coocaa) or Instagram (@coocaa_india) and join coocaa’s quiz session on FB, Instagram and Flipkart this month to win multiple prizes and vouchers for your new coocaa TV!

#coocaacoolcar

PR Newswire

Dada Haibo System Awarded Best Practice Case of Retail Technology Innovation

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SHANGHAI, Sept. 22, 2021 — Dada Group (Nasdaq: DADA), China’s leading local on-demand delivery and retail platform, is pleased to announce that its Dada Haibo omni-channel online retail operating system was awarded the 2021 Best Practice Case of Retail Digital Transformation and Technology Application by China Chain Store & Franchise Association (CCFA).

Dada Haibo System integrates the operations of marketing, products, users, account reconciliation and order fulfillment in a systematic, digitalized, and standardized platform, which has significantly improved operating efficacies and reduced cost for a lot of leading retailers in China. According to the latest list of 2020 China’s Top 100 supermarket chains released by CCFA, 45 of the Top 100 supermarkets have been adopting the system.

The deployment of Dada Haibo system at Wangzhongwang Supermarket, a leading supermarket chain in Jiangxi Province, has been acknowledged by CCFA for its impressive digital transformation. This merchant had hoped to boost sales through O2O channels, but was struggling with losses caused by a lack of detailed operational data. By adopting Dada Haibo system, they were able to automate financial reconciliation process for omni-channel businesses. And Dada Haibo’s visualized dashboard enables them to analyze operational data across dimensions, including sales channels, stores, product categories and SKUs. Through adopting the Haibo System, the merchant’s omni-channel O2O sales increased by over 50% from previously. In addition, the profit margin of their O2O business improved by 3.5 times.

"Since our cooperation with Dada Group was established, Wangzhongwang has made rapid progress in new retail and achieved wonderful growth in digital operations and O2O business," said Rong Hu, Chairman of Wangzhongwang Supermarket.

As of the end of August, Dada Haibo System had been adopted by more than 4300 retail chain stores, up significantly from 3300 stores as of the end of April, and the number keeps going up. Haibo system has already been proven that’s able to increase the efficiency of retailers’ O2O business and also to increase partners’ revenue from O2O business.  Last year, Dada Haibo system was also awarded the 2020 China’s Best Practice Case of Retail Digitalization by CCFA.

About Dada Group

Dada Group is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China’s largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The Company’s two platforms are inter-connected and mutually beneficial. The Dada Now platform enables improved delivery experience for participants on the JDDJ platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform. In June 2020, Dada Group began trading on the Nasdaq Global Market, under the ticker symbol "DADA."

 

 

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