Tag Archives: ECM

PR Newswire

OPAS: A Game-Changer in Post Covid-19 Landscape

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PORTLAND, Ore., May 31, 2021 — We believe that it’s safe to say that Covid-19 will likely be one of the defining events of 2021, and it will further have implications that will keep surfacing for years to come.

The situation is drastically changing, and the amount of people that are deemed safe to gather in a place has reduced from thousands to hundreds to ten. Movie theaters, bars, restaurants, and gyms in most major cities are shutting down. And that’s not all; many office workers are facing new challenges that involve working from home.

Post Covid-19 and the changing trends of online shopping

People are coming to terms with the realities of the post-Covid-19 world, and they understand how difficult it will be for things to go back to normal. To say that we’re living in an unprecedented time feels like an understatement.

One of the main responses we’ve seen to how people are approaching this period of uncertainty and isolation is in severe overnight changes to their shopping behaviors, and that’s not all; the latest travel restrictions have also stopped person-to-person exchanges. From bulk buying to online shopping, people are changing what they’re buying how and when.

Amid this uncertainty, OPAS has emerged as a one-stop shop for all your shopping needs, no matter where you’re living in the world.

What can OPAS do for you?

The post-Covid-19 landscape doesn’t leave much room for international shipping. The main reason for this is the new healthcare regulations. Stores that are operating on a smaller scale don’t have the personnel or experience needed to handle post-Covid-19 international shipping.

OPAS will make sure that you get what you want, no matter where you live. Shopping from the US amid the pandemic has never been easier, thanks to OPAS. OPAS will provide you your own US address so your purchases can get shipped there. Once you have everything you want in your virtual mailbox, you can easily log into your account and request to have your items shipped to your original address in your native country.

No Sales Tax? YES – OPAS can do that for you

Almost every package forwarding company will charge you Sales Tax. Therefore, on every purchase, you will be charged sales tax. OPAS can get you your favorite products without having to pay any sales tax. How is that possible? OPAS is located in the state of Oregon, which has NO SALES TAX. So any product that you’ve shipped to your OPAS address will have no sales tax. This will allow you to save almost 7% to 10% on your purchases compared to other package forwarding companies.

OPAS has emerged as a game-changer for industries and individuals who aren’t willing to compromise on the things they want. OPAS will hand pack each of your products, making sure that they will stay in perfect shape when it reaches your doorstep.

PR Newswire

Meituan Announces Financial Results for the Three Months Ended March 31, 2021

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HONG KONG, May 28, 2021 — Meituan (HKG: 3690) (the "Company"), China’s leading e-commerce platform for services, today announced the unaudited consolidated results of the Company for the three months ended March 31, 2021.

Company Financial Highlights

Thanks to the PRC government’s effective measures to contain the COVID-19 pandemic in China, our businesses experienced strong recovery during the first quarter of 2021. Total revenues increased by 120.9% in the first quarter of 2021 to RMB37.0 billion from RMB16.8 billion for the same period of 2020. Our food delivery and in-store, hotel & travel segments posted stellar growth, realizing an aggregate operating profit by segment of RMB3.9 billion in the first quarter of 2021, an increase from RMB0.6 billion for the same period of 2020. Operating loss for the new initiatives and others segment expanded as we accelerated our investment effort to provide services with more breadth. Both adjusted EBITDA and adjusted net loss for the first quarter of 2021 decreased year-over-year to negative RMB2.4 billion and RMB3.9 billion, respectively. Our net cash flows used in operating activities decreased to RMB4.4 billion in the first quarter of 2021 from RMB5.0 billion for the same period of 2020. We had cash and cash equivalents of RMB17.8billion and short-term treasury investments of RMB35.3 billion as of March 31, 2021, compared to the balances of RMB17.1 billion and RMB44.0 billion as of December 31, 2020, respectively.

"We are proud that our government’s effective containment of COVID has led to a strong recovery in demand for local services consumption in the first quarter. Meanwhile, growth across the different business segments on our platform has been strong, and we are pleased to see that our platform has continued to generate more quality services and value for consumers and merchants, while also reinforcing our strong brand as the leading local services platform in China," said Meituan Founder and CEO Xing Wang.

"We are always open to and ready for change, and are fully committed to our social responsibilities. We will continue supporting the national development strategy of domestic circulation, which will help further stimulate domestic consumption and boost rural revitalization, servicing a larger group of consumers and merchants across different markets with diverse needs," Wang concluded.

Company Business Highlights

Food delivery

Food delivery continued to be an essential service in the post-COVID-19 era, primarily driven by the ongoing evolution of consumer behavior and the increasingly diverse supplies on our platform. Our strength in consumer base, merchant base, and delivery network remained strong and continued to reinforce each other, enabling us to achieve solid growth in the first quarter of 2021. In this quarter, GTV of our food delivery business increased by 99.6% year over year to RMB142.7 billion. Daily average number of food delivery transactions increased by 113.5% year over year to 32.3 million. The average value per order of our food delivery business decreased by 5.5% year over year. Monetization rate of our food delivery business increased to 14.4% from 13.3% in the first quarter of 2021. Subsequently, revenue increased by 116.8% year over year to RMB20.6 billion. Operating profit from food delivery business increased to RMB1.1 billion in the first quarter of 2021 from a loss of RMB70.9 million for the same period of 2020, while operating margin increased to positive 5.4% from negative 0.7%. Our strong business performance in the first quarter of 2021 was a testament to the value we provide and our strong execution capabilities.

Food delivery became not only a necessity and a service needed regularly during work days, but also a high-quality source of food for family gatherings. Especially, as people were encouraged to stay put for Spring Festival, demand for food delivery increased during the holiday this year, compared to same period in previous years. During this Spring Festival, we launched the "Open for Business" initiative, in which we cooperated with millions of merchants to provide consumers with convenient deliveries of quality products including meals, liquor, snacks, groceries, and more. As a result, we have witnessed stronger order volume growth during this Spring Festival period than previous years. In addition, we continued to allocate sufficient resources to our effective membership program and organize various promotional campaigns and optimized operations among different consumption scenarios. We are delighted to see that quarterly transacting users and their purchase frequency both achieved healthy growth year over year, especially in the high-quality consumer base. To satisfy the increasingly diverse and constantly evolving consumer demand, we broadened our service scope to cover more consumption scenarios and longer distance delivery orders. Therefore, order contribution from the breakfast, afternoon tea, and late-night snack categories further increased, and long-distance orders became a more meaningful part of the total orders. The growths reflected consumers’ increasing preference for food delivery and our unparalleled brand awareness among consumers.

On the merchant side, as we continued to refine our merchant operational strategies to be more differentiated and specialized, and on the back of the order volume growth, both our annual active merchants and annual advertising merchants for food delivery grew to record highs in the first quarter of 2021. Meanwhile, sales from high-quality merchants increased, comprising a larger proportion of total orders. Since the introduction of our "New Restaurant Manager" program last quarter, we continued to train more digital-savvy talents and helped them become better adaptable of digital operations. Effectively, the restaurant industry has evolved into one where dining-out and order-in services are equally important to business owners and collaboratively constructive for each other’s growth. It is gratifying to see that our effort to accelerate industry digitization not only generated additional revenue for restaurant owners, but also helped them improve efficiency. Going forward, we will continue to enhance our service quality, diversify our product offerings, provide support for small- to mid-sized merchants, and help promote the vigorous development of the industry.

For the delivery network, in response to the PRC government’s advocacy to stay put for the Spring Festival, we preemptively strategized around our operations to better satisfy consumer demand. In particular, we focused on providing sufficient delivery capacity during the period. We continued to implement our "Tongzhou Project," which we rolled out in the fourth quarter last year to provide welfare to our delivery riders. During the first quarter of 2021, we designed benefits and incentives specifically for the Spring Festival. The total benefits and incentives that we offered for delivery riders surpassed RMB500 million during the seven-day holiday. And we are dedicated to providing deeper understanding and better caring for our delivery riders and helping improve their career path and personal growth. In the first quarter of 2021, we held more panel sessions with delivery riders, listened attentively to their feedbacks, complaints, and suggestions, which we would then appropriately incorporate into our business planning and development. To further enhance efficiency and work experience for the delivery riders, we upgraded the hardware used by the delivery riders, including smart helmets and delivery pick-up lockers at restaurants in some pilot areas. Having an efficient delivery network with sufficient delivery capacity lays the foundation of our food delivery business, which also ensures optimal user experiences. Thus, we will continue to optimize this on-demand delivery network and enhance delivery rider welfare on a continuous basis.

In-store, hotel & travel

Benefitting from the effective containment of the COVID-19 pandemic in China, our in-store, hotel & travel segment fully recovered in the first quarter of 2021. Revenue of the segment increased by 112.7% year over year to RMB6.6 billion in the first quarter of 2021. Operating profit increased 304.0% to RMB2.7 billion in the first quarter of 2021 from RMB680.2 million in the same period of 2020, and operating margin increased to 41.7% from 22.0%.

For in-store dining, since we introduced the "Open for Business" initiative for Spring Festival, both our GTV and transaction volume growths accelerated to historical highs during the Spring Festival this year, and we achieved nearly 30% two-year GTV CAGR in the first quarter of 2021. Gathering dining events fully recovered, and light-meal consumption scenario maintained high growth. We further increased quality supply on our platform and continued to penetrate more high-quality chain restaurants. Our tailored services and innovative transaction-based products continued to support the unique advertising needs from chain restaurants. In March, we refreshed our 2021 "Black Pearl" lists in cities both domestically and abroad. The "Black Pearl" lists are well established among both consumers and merchants as a compass for reputable culinary and other recommendations.

For other in-store services, our two-year revenue CAGR exceeded 30% in the first quarter of 2021 from the same period of 2019. Categories such as medical aesthetics maintained strong growth momentum, while categories such as leisure and entertainment, which were severely impacted during the pandemic, resumed normal growth. We continued to identify the evolving consumption trends, and managed multiple service categories to better satisfy the changing demand from consumers. We also launched various marketing and promotional festivals, such as the "Wedding Festival" and "Back to School Festivals" to help lift merchants’ advertising budgets. As a result, we strengthened our competitive advantages in serving high-quality merchants and fast expanding coverage of small- to mid-sized merchants this quarter.

With respect to our hotel booking business, we achieved over 100 million domestic room nights in the first quarter of 2021, representing a stellar 135.8% year-over-year growth, and a two-year CAGR of 13.3% from the same period of 2019. Although the PRC government’s recommendations for people to stay put during the Spring Festival led to less travelling during the seven-day holiday season this year compared to normal years, consumer demand for hotels continued to rise during the quarter. Notably, we expanded rapidly in high-star hotels, with room night contribution from high-star hotels surpassing 16.7% in the first quarter of 2021, thanks to our continuous investment in supply expansion, customer service, and product experience. With regard to low-star hotels and low-tier cities, we further solidified our existing advantage, enhanced brand awareness, and improved offline traffic conversion.

New initiatives and others

During the first quarter of 2021, we ramped up our investments in new initiatives. Retail, especially the community e-commerce business, continued to be our largest investment area. For the first quarter of 2021, revenues from the new initiatives and others segment increased by 136.5% year over year to RMB9.9 billion, primarily driven by the growth in retail businesses, B2B food distribution services, and ride-sharing services. Operating loss for the segment increased both year over year and quarter over quarter to negative RMB8.0 billion in the first quarter of 2021, while operating margin decreased to negative 81.6%.

The retail business is of strategic importance to us, and fits well into our "Food+Platform" strategy. During the first quarter of 2021, our community e-commerce business, Meituan Select, further expanded its geographical coverage to over 2,600 cities and counties, practically completing our nationwide expansion objective. Despite the seasonally quieter period for retail in February due to the Spring Festival holiday, Meituan Select continued to record healthy growth during the quarter. As the community ecommerce industry is still at early stage, we continued to make substantial upfront investments to enhance our product and service capabilities, incentivize user consumption, and expand our group leader base. We continued to strengthen our warehousing and logistics networks to reach broader consumers, especially in some less-developed regions. We upgraded our commission mechanism for group leaders and designed differentiated operational strategies to inspire their motivation. On the supply side, we continued to enrich our product selections and improved quality management capabilities, to satisfy the growing consumer demand for value-for-money products. We also explored various user acquisition tactics to achieve commendable growth in user base, with both user retention and transaction frequency steadily increasing. Meanwhile, as the business scaled up, we also continued to improve operating efficiency and unit economics of this business during the quarter.

For Meituan Instashopping, we continued to leverage our platform capabilities to fulfill the rising consumer demand for on-demand delivery of local goods and products. In the first quarter of 2021, we channeled more resources into categories, such as supermarkets, flowers, and prepared fruits, fueling the business growth of the quarter. In response to the "stay-put" policy during Spring Festival, we successfully converted many food delivery users into Meituan Instashopping users, leveraging our complex on-demand delivery network. Specifically, we precisely captured the evolving consumption trend from busy-working younger generations and their preference for same-day delivery of holiday goods and gifts. During the week leading up to Valentine’s Day, flowers and gifts sales exploded. Roses, watches, and iPhones were all popular gifts sold on our platform, with sales multiplying by double-digit week over week in the period. Therefore, number of high-ticket size items also grew exponentially, and we successfully further cultivated user habits and consumer mindsets that Meituan delivers everything to their doorsteps.

For Meituan Grocery, we continued to take our service quality and consumer experience as priority. Because of the PRC government’s "stay-put" policy for the Spring Festival this year, consumer demands for grocery and fresh produce rose during the season. We actively prepared inventories and adjusted our supply strategy in advance to meet this growing demands. In addition, we stepped up our delivery rider pays to ensure adequate delivery capacity and to provide our riders with additional benefit for working during the holidays. Moreover, we opened more warehouses in the four cities that we operate in, to increase our warehouse density, capacity, and product selections. As a result, quarterly transacting users grew by more than 400% year over year, and transaction frequency also improved, allowing us to realize higher operating efficiency and better unit economics.

As the leading platform for local services, we continued to provide better products and services to both consumers and merchants, facilitated the acceleration of industry digitization, and created and distributed more value to the society at large. In the first quarter of 2021, our food delivery and in-store, hotel and travel businesses posted another strong growth, thanks to the PRC government’s effective containment of the COVID-19 pandemic. This growth also reflects the strong mindshare that we have cultivated among consumers and merchants as the go-to-destination for local service exploration. In addition, our investment in the retail business enabled us to extend our touch point with consumers to provide them with ever-increasing product selections, particularly for consumers from low-tier markets. We further optimized our on-demand delivery network, while also built a new "next-day" delivery logistics network across the country. On the merchant front, we continued to serve a wide and diverse range of small- to mid-sized merchants, providing a more comprehensive suite of services, such as advertising products, digital tools, B2B food distribution services, and RMS services, to help them improve daily operations. Going forward, with a better use of technology and our commitment in innovations, we will continue to create more long-term value for consumers, merchants, delivery riders, and all the other participants in our ecosystem, and shoulder our social responsibilities.

For the full announcement of Meituan 2021 first quarter results, please visit:
https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0528/2021052800394.pdf

About Meituan

Meituan (HKG: 3690) (the "Company") is China’s leading e-commerce platform for services. With the mission of "We help people eat better, live better," the Company’s platform uses technology to connect consumers and merchants. Service offerings on the platform address people’s daily needs for food, and extend further to broad lifestyle and travel services. Meituan is the world’s leading on-demand food delivery service provider and China’s leading e-commerce platform for in-store dining services. Meituan helps consumers discover merchant information, make informed decisions, complete online and offline transactions and enjoy on-demand delivery. The Company currently owns several household brands in China, including Meituan, China’s leading online marketplace for services, Dianping, China’s leading online destination for discovering local services, Meituan Waimai for on-demand delivery services, and Meituan Bikes for bike-sharing services. Meituan has 569.3 million Annual Transacting Users and 7.1 million Annual Active Merchants as of March 31, 2021. The Company operates in over 2,800 cities and counties in China.

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 realized 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.

For media inquiries, please contact:
Meituan
pr.global@meituan.com   
ir@meituan.com

Edmond Lococo
ICR Inc.
Email: Edmond.Lococo@icrinc.com 
Tel: +86 138-1079-1408

Related Links :

https://www.meituan.com/

PR Newswire

JD Launches Shenzhen-Bangkok All-Cargo Charter Flight

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SHENZHEN, China, May 28, 2021 — JD has opened an all-cargo charter flight between Shenzhen and Bangkok on May 28, the e-commerce giant’s first in the Asia-Pacific region.

Open to small and medium-sized enterprises (SMEs) in both countries, the freight-dedicated route will facilitate delivery of goods from mainland China to customers in Thailand and vice versa within 48 hours.

"JD is excited for this opportunity to leverage our international supply chain resources to strengthen the relationship between Thailand and China, and to facilitate the transport of high-quality Chinese goods going to Southeast Asia and vice versa," said Stard Huang, head of JD’s international logistics business. "We see enormous potential in Southeast Asia, and this is just the first step."

Running between Shenzhen Bao’an Airport and Bangkok Suvarnabhumi Airport three times a week with same-day return, this end-to-end fully self-operated and full-link transportation route will not only greatly increase the speed of cross-border freight, but also provide vigorous support for the development of cross-border business through both Thai and Chinese e-commerce channels, including JD.com and JD’s joint venture in Thailand, JD CENTRAL.

"We’re excited that JD and JD CENTRAL can support SMEs to build robust business between China and Thailand," said Korlarp Suwacharangkul, Chief Marketing Officer of JD CENTRAL. "We’ve seen that cross-border e-commerce between the two countries has huge potential for expansion."

Currently goods exported from China to Thailand through JD’s route are expected to mainly include daily necessities, small household appliances, 3C products and other e-commerce goods; while goods transported from Thailand will mainly comprise fresh produce, supplemented by industrial products such as auto parts.

However, SMEs that aim to expand business into other categories are also welcome to take advantage of JD’s all-cargo freight flight. In the past year, China has further opened its market to foreign goods by implementing beneficial policies with an aim to facilitate robust cross-border trade.  JD has also ramped up efforts to support cross-border e-commerce.

As of December 31, 2020, JD International Logistics has 32 bonded warehouses and overseas warehouses, with a total management area of approximately 440,000 square meters. Through cooperation with international and local partners, JD has established international routes covering more than 220 countries and regions, providing customers with integrated cross-border supply chain services.

PR Newswire

Dada Group Announces Inclusion in MSCI ACWI Index

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SHANGHAI, May 26, 2021 — Dada Group (Nasdaq: DADA) ("Dada"), China’s leading local on-demand delivery and retail platform, is pleased to announce that it will be included in the MSCI ACWI Index, effective after the U.S. market close on May 27, 2021. MSCI Inc., a leading provider of research-based indexes and analytics, announced this inclusion in its May 2021 Semi-Annual Index Review.

As a highly influential global equity index, the MSCI ACWI captures large and mid cap representation across 23 Developed Markets (DM) and 27 Emerging Markets (EM) countries. With 2,974 constituents, the index covers approximately 85% of the global investable equity opportunity set.

The inclusion of Dada Group in the MSCI ACWI Index recognizes its attractiveness to global investors.

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."

Related Links :

http://imdada.cn

PR Newswire

E-Home Household Service Holdings Limited Announces Pricing of Initial Public Offering

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FUZHOU, China, May 14, 2021 — E-Home Household Service Holdings Limited (the "Company"), a household service company based in Fuzhou, China, today announced the pricing of its initial public offering ("Offering") of 5,555,556 ordinary shares at a public offering price of US$4.5 per share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading today, May 14, 2021 under the ticker symbol "EJH".

The Company expects to receive aggregate gross proceeds of US$25 million from this Offering, before deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 666,667 ordinary shares at the public offering price. The Offering is expected to close on or about May 18, 2021, subject to the satisfaction of customary closing conditions.

Proceeds from the Offering will be used for investment in product development, sales and marketing activities, and technology infrastructure; improvement of corporate facilities and other general and administrative matters; acquisition of, or investment in, technologies, solutions or businesses that complement our business; and general corporate purposes.

The Offering is being conducted on a firm commitment basis. Joseph Stone Capital, LLC is acting as the lead underwriter for the Offering. Bevilacqua PLLC is acting as counsel to the Company, and Davidoff Hutcher & Citron LLP is acting as counsel to Joseph Stone Capital, LLC in connection with the Offering.

A post-effective amendment to the registration statement on Form F-1 relating to the Offering was filed with the Securities and Exchange Commission ("SEC") (File Number: 333-233468) and was declared effective by the SEC on May 4, 2021. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from Joseph Stone Capital, LLC, by email at ccao@josephstonecapital.com, by calling +1 888-425-7593 or standard mail to Joseph Stone Capital, LLC, 42 Broadway, Suite 301, New York, NY 10004, USA. In addition, a copy of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About E-Home Household Service Holdings Limited

E-Home Household Service Holdings Limited is a household service company based in Fuzhou, China. The Company provides integrated household services through its website and WeChat platform "e家快服", primarily including home appliance services and housekeeping services. For more information, visit the Company’s website at http://www.ej111.com/ir.html.

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company’s proposed Offering. Specifically, the Company’s statements regarding trading on the NASDAQ Capital Market and closing the Offering are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

For more information, please contact:

Sherry Zheng
Weitian Group LLC
Phone: 718-213-7386
Email: shunyu.zheng@weitian-ir.com

PR Newswire

Nayax Announces the Pricing of its Initial Public Offering

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HERZLIYA, Israel, May 11, 2021 — Nayax Ltd. ("Nayax") announced today the pricing of its global initial public offering of 63,500,000 ordinary shares at a price per share of ILS 10.50 (approx. USD 3.25). The offering comprises 44,000,000 ordinary shares by Nayax and an aggregate of 19,500,000 ordinary shares by three existing shareholders (the "Selling Shareholders"). In addition, Nayax has granted the underwriters a 30-day option to purchase up to an additional 9,525,000 ordinary shares from Nayax, at the initial public offering price. Nayax intends to use the net proceeds of approximately ILS 430 million (approximately USD 132 million) from the initial public offering for financing the expansion of Nayax’s business activities, pursuing its strategy to enter new markets and financing acquisitions. Nayax will not receive any proceeds from the sale of ordinary shares by the Selling Shareholders. The offering is expected to close on May 12, 2021, subject to customary closing conditions.

Yair Nechmad, CEO, chairman and co-founder, stated: "We’re excited to begin this new chapter in Nayax’s journey and we believe it is only the beginning. We look forward to delivering value to our shareholders as we do to our growing number of customers across the globe every day. We’re especially pleased to have completed a successful global offering on the Tel Aviv Stock Exchange. We hope it will pave the way for others to follow."

"This milestone was made possible by the hard work and dedication of our employees and business partners, to whom the board conveys its deep appreciation and gratitude. The IPO process had the full support and guidance of an outstanding team, including the investment bankers of Jefferies Group LLC, sole global coordinator, Oppenheimer & Co. Inc., lead international manager and Leader Capital Markets, lead Israeli manager, the lawyers at Herzog, Fox & Neeman, Davis Polk and Wardwell LLP, Gornitzky & Co. and Latham & Watkins, LLP, the auditors of PwC Israel and the Investor Relations experts of MS-IR LLC."

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

ABOUT NAYAX

Nayax offers a complete cashless payment solution, telemetry, management suite and consumer engagement tools to retailers, including unattended retail. Nayax’ features help operators improve their day-to-day operations and long-term planning and transforms unattended machines into 24/7 retail stores. Nayax also ensures all transactions are secure with EMV transactions and increase revenue by accepting all dominant payment options in each region. As a global company, Nayax’s goal is to help their customers grow their business with their complete merchant account capabilities. Visit www.nayax.com for more information.

Visit www.nayax.com for more information.

The securities referred to in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the securities laws of any state of the United States, and may not be offered, sold, resold or delivered, directly or indirectly, in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. In the United States, any offer of the ordinary shares will be made only to "qualified institutional buyers" as defined in and in reliance on Rule 144A under the Securities Act or another available exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Outside the United States, any offer will be made in accordance with Regulation S of the Securities Act.

Forward looking statement
The information included in this press release contains, or may be deemed to contain, forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995 and the Israeli Securities Law, 1968). Said forward-looking statements, relating to the initial public offering, are subject to uncertainties and assumptions and the actual results may materially differ. All forward-looking statements in this press release are based on information available to Nayax on the date hereof.  All written or oral forward-looking statements attributable to Nayax are expressly qualified in their entirety by the factors referred to above. Nayax does not intend to update these forward-looking statements.

IR Contact:
Miri Segal
MS-IR LLC
msegal@ms-ir.com 
Tel: +1-917-6078654

PR Newswire

TCP Group attends the first CICPE, contributing to the development of the Hainan Free Trade Port

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HAIKOU, China, May 7, 2021 — Hosted by China’s Ministry of Commerce and the Hainan provincial government, the first China International Consumer Products Expo (CICPE) , the largest consumer goods boutique exhibition in the Asia-Pacific region, is being held at the Hainan International Convention and Exhibition Center. TCP Group, the inventors and owners of the Red Bull brand and trademarks in China and globally, have brought its diversified product portfolio from its global ‘House of Brands‘, including Red Bull, to CICPE. While bringing classic flavor and even more innovative products to Chinese consumers, TCP is also contributing to Hainan’s development as an international hub for tourism consumption.

TCP’s booth at the first China International Consumer Products Expo
TCP’s booth at the first China International Consumer Products Expo

TCP’s participation in CICPE is not only a homeward journey marking the company’s return to Hainan, where it first entered the China market nearly three decades ago, but also signals TCP’s commitment to supporting Hainan’s development as an important new global window for opening up, sharing, innovation and cooperation. TCP is committed to providing Chinese consumers with high-quality and legal Red Bull products and hopes to contribute to China’s beverage industry and the wider economy through a strategy focused on long-term investment and constant innovation. TCP also aims to support the development of the Hainan Free Trade Port by contributing to the implementation of the Overall Plan for the Hainan Free Trade Port through practical actions and facilitating greater cooperation with high-quality resources in the global consumer economy.

The product line of TCP’s Global Brand House
The product line of TCP’s Global Brand House

At CICPE, Red Bull’s booth was launched under the theme "Red Bull’s Homecoming and Innovation for the Future", demonstrating TCP’s determination to pursue cooperation for common growth with Hainan. The booth features the gold can Red Bull, representing joint prosperity and excitement. The main body of the booth is surrounded by streamlined ribbons, which symbolize the feeling of returning home. The red, yellow, and blue colors of the main body complement each other, representing the commitment of TCP and the Hainan Free Trade Port to look back at the past together, make progress together, and innovate for the future.

TCP’s booth at the first China International Consumer Products Expo
TCP’s booth at the first China International Consumer Products Expo

In addition to the creative booth design, TCP also brought its global ‘House of Brands’ product lines to the exhibition. Red Bull®️An Nai Ji Drink and Red Bull®️Vitamin Flavor Drink, the Red Bull products that have been favored by consumers since their launch, have attracted significant attention at the exhibition site. These two products were successfully launched after TCP announced a new business model and new partnerships in June 2019, with the aim of continuing to deepen its presence in the Chinese market. Red Bull® An Nai Ji Drink, featuring American ginseng extract, is a new flavor for the Red Bull product line launched by TCP, mainly aimed at members of China’s younger generation who are constantly willing to try new things. Red Bull® Vitamin Flavor Drink, as a hero product of TCP Group, is aimed at the brand’s many loyal Chinese consumers who are fans of the classic taste of Red Bull.

In addition to Red Bull, TCP also brought Ready, one of Thailand’s most popular premium energy drinks, and Sponsor, Thailand’s number one electrolyte drink, as well as the best-selling functional drink Mansome and Sunsnack.

Visitors try TCP products at Red Bull booth
Visitors try TCP products at Red Bull booth

As an international brand that has invested in the Chinese market for nearly 30 years, TCP has a deep and longstanding relationship with Hainan. Wenchang is the ancestral homeland of Mr. Chaleo Yoovidhya, the inventor of Red Bull. In 1993, Red Bull’s first factory in China, Hainan Red Bull Energy Drink Co. Ltd. was established in Qiongzhou. Mr. Saravoot Yoovidhya, CEO of TCP Group, pays close attention to the local development of Hainan and the business layout in China, hoping to make contributions to local economic development with the help of the influence of the Red Bull brand.

Keynote Speech for CICPE from Mr. Saravoot Yoovidhya
Keynote Speech for CICPE from Mr. Saravoot Yoovidhya

Discussing the significance of the first CICPE and the strategic layout of TCP’s future business, Mr. Saravoot Yoovidhya said, "TCP and the Yoovidhya family view CICPE as an incredible opportunity to pursue common development together with the Hainan Free Trade Port. At the same time, under the guidance of the 14th Five-Year Plan and the Long-Range Objectives through 2035, TCP will further promote the transition of the industry towards a model focused on upgrading consumption, driving innovation, and fostering more sustainable development, all with a view to better meeting the needs of Chinese consumers."

PR Newswire

JDDJ and Vinda jointly launched Super Brand Day in more than 200 cities in China

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SHANGHAI, May 7, 2021 — Dada Group (Nasdaq: DADA) ("Dada"), China’s leading local on-demand delivery and retail platform, and Vinda, a leading hygiene company in Asia, are pleased to announce that they have successfully launched the Super Brand Day marketing event on JDDJ, Dada’s on-demand retail platform. Themed of "Vinda’s Space Tour in China", this online and offline event covered more than 200 cities nationwide, and released the movie about Mars exploration, firstly introducing China Aerospace Creation intellectual property into the O2O marketing.


At the Super Brand Day event held by JDDJ and Vinda, the brand spokesperson of Vinda called on the whole family to discover Vinda’s products. Meanwhile, as the brand partner of China Aerospace, Vinda released a movie themed Mars exploration, and launched new tissue product with four layers. It also selected China Aerospace’s iconic scenes of "space travel" and "space exploration" for packaging purposes.

Moreover, this Super Brand Day event has launched innovative online and offline activities, with the omni-channel marketing in an effort to attract customers. Besides, advertisements on WeChat Moments and short videos on Douyin have been targeted at JDDJ and Vinda’s users, improving the brand exposure and efficient marketing.

Nowadays, as the concept of high-quality consumption gains popularity among consumers, they expect household paper of higher value. Leveraging over 100,000 offline stores on its platform, JDDJ has strengthened partnership with Vinda to provide more consumers with high-quality products and one-hour delivery service.

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."

Related Links :

http://imdada.cn

PR Newswire

E-commerce Aggregator, Una Brands, raises USD40 million in Seed Round from heavy hitters to acquire and scale brands in APAC

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SINGAPORE, May 6, 2021 — Singapore-based e-commerce startup, Una Brands, today announced that it has raised a USD40 million Seed Round of equity and debt financing, in one of the biggest seed funding rounds seen regionally. Una Brands will use the capital to buy and scale e-commerce brands based in APAC.

 

Una Brands Singapore-based Co-Founders (from left to right): Tobias Heusch, Kiren Tanna and Kushal Patel
Una Brands Singapore-based Co-Founders (from left to right): Tobias Heusch, Kiren Tanna and Kushal Patel

Kiren Tanna, former CEO of Rocket Internet Asia and Founder of foodpanda and ZEN Rooms, founded Una Brands in 2020. Kiren is backed by four other Co-Founders spread across APAC, namely Adrian Johnston, Kushal Patel, Tobias Heusch and Srinivasan Shridharan.

Kiren Tanna, CEO of Una Brands sees enormous regional growth potential: "We estimate that there are more than 10 million third-party sellers on regional platforms across APAC. The COVID lockdown created a huge surge in e-commerce demand, with a peak demand increase of over 100 per cent in many cases. The lockdown encouraged many people to try shopping online for the first time and has created a behavioural shift in consumer habits."

The funding round, backed by leading global investors, includes 500 Startups, Kingsway Capital, 468 Capital, Presight Capital, Global Founders Capital amongst others. Una Brands has also secured investment from Maximilian Bittner, currently CEO of Vestiaire Collective and former CEO of Lazada.

Khailee Ng, Managing Partner at 500 Startups, believes that Kiren and the team have the technical and personal experience to make Una Brand a global leader in e-commerce. "They are experienced, mature Co-Founders with a track record in creating speed, scale and success," explained Khailee. He added, "Why we invested in Una Brands goes beyond that. Kiren and his team have the right approach, there is a huge and growing e-commerce market in APAC and there is a huge opportunity for consolidation and optimisation."

About Una Brands

Una Brands was founded by e-commerce experts, to provide a fast and fair way for e-commerce business owners to sell their companies. Una Brands buys businesses with a long-term competitive advantage and strong brands and grows them in new markets and on new platforms. Una Brands is platform agnostic, acquiring businesses across leading e-commerce platforms including Amazon, Lazada, Shopee, Shopify and more. For more information on Una Brands, visit https://www.una-brands.com.

For press inquiries, please contact:

Asia PR Werkz
Kimberley Pereira
+65 9226 0061
kimberley@asiaprwerkz.com 

Related Links :

https://www.una-brands.com

PR Newswire

bolttech partners with Tiki to deliver device protection plans for customers

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bolttech’s device protection plans available for devices purchased directly on Tiki’s online marketplace

HO CHI MINH CITY, Vietnam, May 4, 2021 — International insurtech, bolttech, announced its partnership with Tiki, Vietnam’s most trusted e-commerce platform. Through the partnership, bolttech’s device protection plans are available to customers when they purchase a smartphone or tablet on Tiki.

The device protection program with Tiki offers device repair and care services covering accidental and liquid breakage. It includes device replacement for the aforementioned breakage, and includes a convenient doorstep pickup and delivery service.

Mark Simmons, Chief Executive Officer of Device Protection, bolttech said: "Vietnam’s digital revolution is driven primarily by the country’s booming e-commerce industry. We are delighted to partner with Tiki, one of Vietnam’s largest all-in-one e-commerce platforms, to cater to the evolving needs of consumers in Vietnam looking to protect their devices."

In addition to the initial device protection offering, Tiki and bolttech are working to offer other protection and insurance products to Tiki’s customer journeys in the coming months. 

More information about the device protection program can be found here: https://tiki.vn/khuyen-mai/dich-vu-bao-ve-dien-thoai.

About bolttech

bolttech is an international insurtech with a mission to build the world’s leading, technology-enabled ecosystem for protection and insurance. With a full suite of digital and data-driven capabilities, bolttech powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance.

Part of Pacific Century Group, bolttech operates in 14 markets across Asia, Europe and the United States.

For more information, please visit www.bolttech.io.

About Tiki

Tiki is a top all-in-one commerce platform in Vietnam, including the no. 1 trusted e-commerce marketplace, TikiNOW Smart Logistics – an integrated supply chain platform, and Tiki Trading – a retail subsidiary.  

Tiki stands for "Tim Kiem" (Searching) and "Tiet Kiem" (Saving), which is also the vision and mission for the business: becoming a destination where Customers can search for anything they want, save their time and budget.

Starting as an online bookstore in 2010, Tiki has become a top trusted multi-selection e-commerce platform for millions of Vietnamese customers.

For more information, please visit www.tiki.vn.

Related Links :

http://www.bolttech.io