Tag Archives: ECM

PR Newswire

HKBN and HOME+ Join Forces to Deliver Breakthrough Shopping Rewards to 5G Mobile Services Customers

Leave a comment

HONG KONG, April 23, 2021 — HKBN Group ("HKBN") and HOME+ are thrilled to spoil HKBN’s 5G mobile services customers with up to HK$2,800 in online shopping e-coupons. By subscribing to HKBN’s brand new 5G mobile plans, customers will enjoy not just blazing speed of a quality 5G network but also free HOME+ e-cash coupons, allowing them to experience the convenience and quality products at HOME+. An HKBN’s latest unlimited data 5G mobile plans (first 20GB at 5G speeds, unlimited 4.5G thereafter) starts at just HK$298*.

 

One-stop e-shopping platform HOME+ is jointly operated by HKBN with leaders of multiple industries. HKBN enjoys a unique market edge with HOME+, bringing wave after wave of exciting offers to its 1 million residential customers, penetrating 1/3 of all Hong Kong households, and over 100,000 corporate customers.

Ben Yeung, Co-Owner & Chief Commercial Officer – Business Development & Partnership of HKBN said, "Offering market-disruptive packages is part of our DNA that sustains HKBN’s pioneering status.  Our debut of high calibre 5G services for personal and corporate customers, bundled with generous HOME+ e-cash coupon giveaways, is a breakthrough value combination for the market."

June Lam, CEO of HOME+ , said, "We help businesses do more business on our rapidly growing e-shopping platform by not charging merchants fixed slotting fees or annual fees, allowing them to extend their marketing reach at far lower costs. We’re pleased to work with HKBN to offer its 5G users HOME+ e-cash coupons, which they can use to shop over 10,000 products on HOME+. In addition, we offer an extensive range of latest 5G smartphones at very attractive prices."

Customers of HKBN’s 5G mobile services will be able to access 3 Hong Kong’s strongest 5G network enjoying a blazing fast speeds and ultra-low latency 5G experience. To date, 3 Hong Kong boasts 5G coverage of 99%^ including over 600 indoor and outdoor premises and facilities across Hong Kong, like major transportation systems, shopping malls, skyscrapers, hospital complexes, hotels and university campuses and more.

Brand New HKBN 5G Mobile Services Plans

Unlimited Data* Plans

Basic Plans

Monthly fee*

HK$298

HK$338

HK$238

HK$278

Non existing
selected HKBN residential customers

Additional HK$10

Data speed

5G

Local data

20GB

30GB

20GB

30GB

Local data
speed thereafter

 

Unlimited local data* at 4.5G speeds
upon reaching the above 5G local
data limit

 

 

Top-up local 5G data at
HK$388/100GB or HK$30/5GB

 

Contract period

24 months

Admin fee

HK$18

Bonus rewards

HK$2,000

e-cash coupons

for e-shopping platform HOME+

HK$2,400

e-cash coupons

for e-shopping platform HOME+

HK$600

e-cash
coupons

for e-shopping platform
HOME+

HK$800

e-cash
coupons

for e-
shopping platform
HOME+

+

Free 6-mth HKBN SAFE cybersecurity solution (3 Devices)

+

Free 12-mth myTV Super Box (Alpha Pack)

 

+

Free 12-day Travel Pocket Wi-Fi

HKBN’s 5G mobile services will allow its customers, especially users of flagship devices, to experience downloading a 1GB file in 10 seconds — 10 times faster than 4G. This opens up not just infinite entertainment possibilities but a whole new paradigm of business efficiency and applications for enterprises. For a limited time, residential customers signing up for HKBN’s 5G mobile services plans will enjoy HK1,300 discount off Samsung Galaxy S21 5G series handsets. For more details about HKBN’s mobile services, please visit:
 https://www.hkbn.net/personal/mobile/en/select-plan/5G  

Brand new 5G services plans are also available for HKBN Enterprise Solutions customers. Please call the hotline 128 1111 for details. 

* Applicable for existing selected residential customers. Terms and Conditions apply. Subject to the Fair Usage Policy (C).

^ Based on 3HK’s test results in relation to 3HK’s 5G network and population distribution of Hong Kong conducted in January 2021.

About HKBN Group

HKBN Group ("HKBN" or the "Group"), headquartered in Hong Kong with operations spanning across Asian markets like Hong Kong, Macau, mainland China, Singapore and Malaysia, is a leading integrated telecommunications and technology services provider. Through three core brands, Hong Kong Broadband Network, HKBN Enterprise Solutions and HKBN JOS, the Group offers comprehensive one-stop Information and Communications Technology ("ICT") solutions that include broadband, data connectivity, cloud and data centre, managed Wi-Fi, business continuity services, system integration, cybersecurity, mobile services, roaming solutions, digital solutions, voice and collaboration, stationery and supplies that are cumulative to our one-stop-shop offering of Transformation as a Service (TaaS) and OTT entertainment. HKBN’s tri-carrier fibre infrastructure in Hong Kong covers over 2.4 million residential homes and over 7,400 commercial buildings and facilities. Committed to creating a lasting positive impact to wherever it operates, HKBN embraces a Core Purpose to "Make our Home a Better Place to Live". The Group is managed by hundreds of Co-Owners (supervisory and management level Talents in the Group) who invested their savings to buy shares of HKBN Ltd. For more information about HKBN, please visit www.hkbn.net/en.

About HOME+

HOME+ is a brand-new online shopping platform jointly supported by Hong Kong’s leading businesses, including HKBN, Dah Chong Hong, Kerry Logistics and more. HOME+ brings merchants of all types and sizes under a shared economy platform, enabling them to share resources and strengths and forge fruitful partnerships. HOME+ brings a "plus" to modern home living with a diverse range of quality merchandise covering wholesome foods, in-the-trend appliances, health supplements, personal care goods, and many more. Shop now at: home-plus.hk

Related Links :

http://www.hkbn.net/en

PR Newswire

Gree Announces High Efficiency Smart Home Appliances On Amazon US

Leave a comment

ZHUHAI, China, April 20, 2021 — Gree Electric Appliances, INC., a world leader for air conditioners and home appliances, launched a series of home appliances on Amazon US. The initial innovative offerings include window air conditioners, dehumidifiers Chalet, and portable air conditioners Shiny. Delivering a convenient and comfortable home experience to US consumers, the new portfolio offers a wider range of efficiency levels and functions to suit most every size room and user need with Gree’s most cutting-edge technology.

Gree Window Air Conditioner

Gree Window Air Conditioner
Gree Window Air Conditioner

The newly launched window air conditioner incorporates functions of cooler, dehumidifier, and fan. By utilizing the most advanced compressors and the new R32 refrigerant, Gree window air conditioner can quickly cool down your space while keeping zero harm to the environment. It is available in 8,000 BTU and 10,000 BTU options for rooms from 350 sq.ft. to 450 sq.ft., with three modes of Auto, Energy Saving, and Sleep, as well as 3 speeds and a 24-hour timer, to accommodate diverse consumer demands and room sizes. When operating as a dehumidifier, it can remove up to 73 pints of moisture per day. And it can also be used in the fan-only mode when you need some fresh air. It is a perfect fit for those who need an all-purpose air conditioner for various scenarios.

The all-new Gree window air conditioner also comes with a unique "I FEEL" smart temperature control design, enabling it to sense and adjust the indoor temperature more accurately. If the controller receives an I FEEL command, it will work to the ambient temperature value sent per 10 minutes once by the remote controller.

With a LED display and remote control, it can monitor and adjust intuitively the temperature and settings from anywhere in the room. It also has an automatic cleaning prompt and a high-density filter to keep the air clean and hygienic. In addition, the compact design of Gree window air conditioner enables consumers to install and operate it easily.

In addition to the window air conditioner, Gree also announces the portable air conditioner Shiny is available on Amazon.

Gree Window Air Conditioner
Gree Window Air Conditioner

Gree Dehumidifier "Chalet"

The company also introduced a new portable dehumidifier "Chalet" that provides three types of customized modes that remove up to 21/35/50 pints of water every 24 hours for consumers. Notably, a 50 pint Chalet with a pump can drain water to a height of 5M.

Chalet will stop running if the water bucket fills up, helping save time and use the automatic drainage function by hooking up a 3/4-inch dehumidifier drain hose to your dehumidifier. Furthermore, Chalet features a new design of wind turbine blades. The peak sound level is 46 decibels (when using high speed), quieter than a private suburban street or a normal conversation at home.

Having gained the Energy-Star, chalet can quickly remove moisture from the air without running up your utility bill. It is good for environmental protection and costs 30% less to operate than non-Energy Star appliances.

Gree Dehumidifier
Gree Dehumidifier

With a global vision, Gree products are sold widely to more than 160 countries and regions. Since 2005, Gree has topped No.1 in production and sales volume of residential air conditioners for 14 consecutive years, contributing $29.02 billion in sales revenue. Expanding the company’s business in the US online channel is a part of Gree’s strategy to strengthen local customers’ experience.

Gree offers the Window Air Conditioner, the Dehumidifier Chalet and the Portable Air
Conditioner Shiny now on Amazon.com. Additionally Gree is offering a 10% off discount on Window Air Conditioner and Dehumidifier using the code "GREEUS10", valid from April 19th to April 25th to celebrate the launch.

About Gree:

Gree is a well-established home appliances brand. Founded in 1991, Gree was only a company that assembled residential air conditioners. Now it has grown into a diversified global technological industrial group by expanding its business to air conditioners, home appliances, high-end equipment and communication equipment under three brand names: GREE, KINGHOME and TOSOT. Believing its business philosophy of passion, innovation and realization, Gree strives to build a centenary air conditioning enterprise and create a better life for humankind. For more information visit http://global.gree.com/.

 

Related Links :

http://global.gree.com

PR Newswire

Vipshop Filed 2020 Annual Report on Form 20-F

Leave a comment

GUANGZHOU, China, April 16, 2021 — Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced that the Company has filed its annual report on Form 20-F that includes its audited financial statements for three years ended December 31, 2020 with the Securities and Exchange Commission on April 16, 2021. The annual report is available on the Company’s website at ir.vip.com. Holders of the Company’s securities may request a copy of the Company’s annual report free of charge according to the instructions provided on the Company’s website.

About Vipshop Holdings Limited

Vipshop Holdings Limited is a leading online discount retailer for brands in China. Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. For more information, please visit www.vip.com.

Related Links :

http://www.vip.com

PR Newswire

Evergreen Products Sets its Sights on E-Commerce, NFT’s and the Future of Fashion

Leave a comment

HONG KONG, April 16, 2021 — Evergreen Products Group Limited (stock code: 1962.HK; "Evergreen" or the "Group"), a leading wholesaler of synthetic and real hair wigs and extensions, has begun to develop and invest in digital wigs, which will be a new product line in the virtual fashion space, by using the technology of non-fungible tokens ("NFTs") in their long-term business strategy.

"We took a hard look at our position during the COVID crisis," said Mr. Chang Yoe Chong Felix, Chief Executive Officer of Evergreen, "Since we are already a market leader in the traditional wholesale business segment, we realized we owed it to ourselves and our customers to be much more aggressive about becoming more digital. E-commerce is only the beginning."

Following this sentiment, Chang intends to build a whole new product line in the virtual fashion space, implementing proprietary NFT technology to make unique digital wigs, targeting the rising demographic of "digital natives", i.e. consumers who are online all the time and experience the world through a mobile-first lens.

"We realized we have to look beyond just ‘digital’ and ‘e-commerce’, and we have to figure out the next generation digital economies," said Chang.

Similar to other players in the NFT space, these wigs will be unique. "If you buy one of our digital wigs, you will be able to use it everywhere you live digitally and seamlessly. Imagine being able to ‘wear’ our wigs in your social media posts, during live video stream or on an audio-video call. Your wigs go where you go."

Chang is adamant that now is the time to jump into the space. "There are so many platforms out there. We feel this will deliver tangible value to our customers and in a very cool kind of way. We are especially excited about the upcoming release of Apple and Samsung augmented reality ("AR") glasses. Imagine having an ‘always on’ feature on these platforms. You could literally walk around with your personal fantasy wig in AR. It could even be made out of fire or diamonds or both."

The Group is working on launching a direct-to-customer (D2C) e-commerce platform powered by AR. The web-AR experience will allow customers to ‘try out’ wigs before buying. The browser-based feature will be a frictionless implementation, making the feature available without the need for installing an application or special software.

To execute all of these, the Group has commissioned the services of Hong Kong based Shadow Factory Limited, a leading provider of extended reality ("XR") content and software, to assist with the advisory and technical execution. "As with many legacy businesses, we know we need a major overhaul. That means we also have a lot of room to grow and a lot of untapped value. That’s why we went to Shadow Factory. They have a great track record for helping companies realize their full potential."

NFT is a unit of data on a digital ledger called a "blockchain", where each NFT can represent a unique digital item. NFTs can represent digital files such as art, audio, videos, items in video games and other forms of creative work.

About Evergreen Products Group Limited (Stock Code: 1962.HK)

Founded in 1962, Evergreen is one of the leading global manufacturers of hair goods. Since its establishment, with in-depth industry knowledge and reputed for its quality products and comprehensive product portfolio, the Group has built up unique competitive advantages in the global hair goods market. Headquartered in Hong Kong, the Group has three production centres and five production centres in China and Bangladesh, respectively. The Group employs more than 25,000 people around the world and operates in Bangladesh, Hong Kong, China, Japan and the United States.

About Shadow Factory Limited

Founded in 2016 and headquartered in Hong Kong, Shadow Factory Limited is the leading VR/AR production company in immersive content development and digital strategy. As a full service creative and tech studio, they are specialists at implementing next-generation XR services with enterprise clients across the world.

PR Newswire

Diebold Nixdorf Wins Red Dot Product Design Award for its Retail Self-Service Solution

Leave a comment

EASY eXpress Max recognized for its combination of functionality, design and its user-friendly and convenient operation

BERLIN, April 12, 2021 — Diebold Nixdorf (NYSE: DBD), a world leader in driving connected commerce for the retail and banking industries, has been awarded the prestigious Red Dot Award: Product Design 2021 for its retail self-service solution, EASY eXpress Max. Internationally recognized as the authority for product design quality, The Red Dot Awards, presented by Design Zentrum Nordrhein-Westfalen, are selected by 50 independent designers, design professors and trade journalists. Diebold Nixdorf’s system was honored by the expert panel for its exemplary combination of functionality and design and its user-friendly and convenient operation.

Diebold Nixdorf’s EASY eXpress Max is created for high-engagement retail environments. The platform-based approach ensures the solution is easily adaptable to changing business needs and consumer demands.
Diebold Nixdorf’s EASY eXpress Max is created for high-engagement retail environments. The platform-based approach ensures the solution is easily adaptable to changing business needs and consumer demands.

Diebold Nixdorf’s EASY eXpress Max, part of the DN SeriesTM EASY family of self-service solutions, is created for high-engagement environments. The platform-based approach ensures the solution is easily adaptable to changing business needs and consumer demands. The large, interactive touchscreen opens up new opportunities to attract and connect with consumers and is pivotal to delivering the best user experience. The highly engaging, self-service solution meets the needs of modern consumers and offers a modular approach to digital payment methods by providing an interchangeable cash rack and a security scale for greatest flexibility. 

Dr. Peter Zec, founder and CEO of the Red Dot Award, said: "The winners of the Red Dot Award: Product Design 2021 were particularly impressive this year. The design of their products is excellent, in terms of both the aesthetic and the functionality. It’s not easy to prevail in such a strong field of competitors and to win over our jury. Consequently, I want to congratulate the laureates very sincerely on their success."

Hermann Wimmer, senior vice president, Global Retail, at Diebold Nixdorf said: "We are honored to have been recognized with the Red Dot Award. We developed the DN Series EASY family of self-service solutions to offer customer-oriented systems with future-proof designs."

About the Red Dot Design Award:

In order to appraise the diversity in the field of design in a professional manner, the Red Dot Design Award breaks down into the three disciplines of Red Dot Award: Product Design, Red Dot Award: Communication Design and Red Dot Award: Design Concept. The Red Dot Award is one of the world’s largest design competitions. In 1955, a jury convened for the first time to assess the best designs of the day. In the 1990s, Red Dot CEO Professor Dr. Peter Zec developed the name and brand of the award. Ever since, the sought-after Red Dot award has been the revered international seal of outstanding design quality. Further information available at www.red-dot.de.

About Diebold Nixdorf

Diebold Nixdorf, Incorporated (NYSE: DBD) is a world leader in enabling connected commerce. We automate, digitize and transform the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 22,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.

Twitter: @DieboldNixdorf

LinkedIn: www.linkedin.com/company/diebold 

Facebook: www.facebook.com/DieboldNixdorf

YouTube: www.youtube.com/dieboldnixdorf

Photo – https://techent.tv/wp-content/uploads/2021/04/diebold-nixdorf-wins-red-dot-product-design-award-for-its-retail-self-service-solution.jpg

Logo – https://techent.tv/wp-content/uploads/2021/04/diebold-nixdorf-wins-red-dot-product-design-award-for-its-retail-self-service-solution-2.jpg

Related Links :

http://www.DieboldNixdorf.com

PR Newswire

Future Fintech Group Inc. Announces $35 Million Registered Direct Offering Priced At-the-market Under Nasdaq Rules

Leave a comment

NEW YORK, Apr. 1, 2021 — Future FinTech Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the Company"), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it has entered into a definitive agreement with institutional investors for the purchase and sale of 5,737,706 shares of its common stock at a price of $6.10 per share for gross proceeds of approximately $35 million in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about April 6, 2021, subject to the satisfaction of customary closing conditions.

A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.

The Company intends to use the net proceeds from this offering for growth capital and general working capital purposes.

This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-224686) previously filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective on December 11, 2020. A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these 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 any such state or jurisdiction.

About Future FinTech Group Inc.

Future FinTech Group Inc. ("Future FinTech", "FTFT" or the "Company") is a leading blockchain e-commerce company and a service provider for financial technology incorporated in Florida. The Company’s operations include a blockchain-based online shopping mall platform, Chain Cloud Mall ("CCM"), a cross-border e-commerce platform (NONOGIRL), an incubator for blockchain based application projects. The Company is also engaged in the development of blockchain based technology and services as well as financial technology services. For more information, please visit http://www.ftftex.com/.  

Safe Harbor Statement

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2019 and our other reports and filings with SEC. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

PR Newswire

JD.ID Partners with MoEngage To Amplify Customer Retention

Leave a comment

The leading online retailer and customer engagement platform join forces to support buyers and sellers, delivering the highest-quality products to consumers at the right time

JAKARTA, Indonesia, April 1, 2021 — JD.ID, the Indonesian subsidiary of Chinese e-commerce giant JD.com and one of the leading online retailers in the country, has teamed up with MoEngage to improve customer retention by bringing highly-personalized, contextualized, and engaging content to more than 20 million people.

The e-commerce industry in Indonesia has grown steadily as consumers have rapidly shifted to digital services for working, socializing, and shopping as a result of the pandemic. As consumers become more digitally savvy, small-medium sized enterprises (SMEs) have also been encouraged to take their businesses online to reach more customers throughout the country. Since its inception, JD.ID has been committed to helping small business owners and entrepreneurs easily showcase their products online, which in turn provides more selection of high-quality products for shoppers.

"JD.ID has long been committed to supporting both buyers and sellers, helping consumers find the best products while providing retailers with opportunities to effectively showcase their inventory," said Leo Haryono, CMO at JD.ID. "It’s critical that we keep pace with accelerating digitalization and ensure we’re meeting our customers’ needs by delivering them the most relevant information at their point of need. MoEngage is the ideal partner to help us create and distribute timely, personalized content to consumers, helping us to retain current customers, obtain new ones and give our SME sellers access to more business."

JD.ID also aims to grow its presence throughout Indonesia, targeting second and third-tier cities as well as major metropolitan areas. One of the challenges that comes with it is to be able to meet the unique needs of their users from different regions. With MoEngage, JD.ID will be able to personalize their communication to users from different regions at scale and provide relevant, timely information about products and offerings.

"E-commerce in Indonesia is growing at an unprecedented rate and platforms like JD.ID are leading the way in making digital services more accessible," said Saurabh Madan, General Manager, SEA & A/NZ at MoEngage. "MoEngage is dedicated to helping brands achieve and exceed their customer engagement goals, and we’re pleased to be working with JD.ID to help them continue to scale throughout the vast archipelago of Indonesia, reaching more people at the right time with the right products."

JD.ID joins the growing list of e-commerce companies in Indonesia and around the world that trust MoEngage to deliver a consistent experience across multiple devices and touchpoints. The AI-enabled customer engagement platform’s customers include Bukalapak, Flipkart, Landmark Group, Mashrek Neo, Blibli, CIMB, and Kredivo, among others.

Source: https://www.moengage.com/in-the-news/jd-id-partners-with-moengage-to-amplify-customer-retention/

About MoEngage

MoEngage is an insights-led engagement platform built for customer-obsessed marketers and product owners, enabling hyper-personalization at scale across multiple channels. With AI-powered automation and optimization, brands can analyze audience behavior and engage consumers at every point of their purchasing journey. More than 1,000 brands across 35 countries use MoEngage to send 50 billion messages to 500 million consumers every month. MoEngage has been recognized as a leader in its space by Gartner, Forrester and G2. With offices in nine countries, MoEngage is backed by investors including Eight Roads, F-Prime Capital, Matrix Partners, Helion Ventures, Exfinity Ventures and Venture East. To learn more, visit www.moengage.com.

Media Contact:

Lakshmi Harikumar
Director of Marketing
South-East Asia
+919739016836
lakshmi.Harikumar@moengage.com

Related Links :

http://moengage.com

PR Newswire

Crypto.com Visa Card Spending Grew 55% Per User in 2020, Online Spending Up 117%

Leave a comment

For the first time, Crypto.com shares transaction data for its Visa Card, showing strong growth in overall user spending, especially for online purchases and cross-border transactions

HONG KONG, April 1, 2021 — Today, Crypto.com released its Consumer Spending Insights Report for 2020, which details spending trends and data for its Visa Card—the most widely-available card of its kind in the world. The first look into spending trends for the Crypto.com Visa Card, the report found that overall spending per user in 2020 grew 55% YoY, with a 117% increase in online spending relative to overall spending growth, notably for the categories of housing, household goods, groceries, and cross-border transactions. Cardholders shopped with merchants in 143 countries, nearly half of which are in the U.S. (24%) or in the UK (23%). The report reveals strong overall growth for the card, and significant changes in user spending habits resulting from  the pandemic.

As the pandemic began spreading globally early last year, spending with the Crypto.com Visa Card followed a similar trajectory to the OECD’s Consumer Confidence Index (see chart below), with drops in both occurring in the first four months of 2020. As consumer confidence returned (yellow line), Crypto.com Visa Card spending per user (blue line) recovered quickly, ending the year with 55% more spending than 2019.

Crypto.com Spending Index
Crypto.com Spending Index

Infographic – https://techent.tv/wp-content/uploads/2021/04/crypto-com-visa-card-spending-grew-55-per-user-in-2020-online-spending-up-117-3.jpg

 

Spending Categories

Among all spending categories for the Crypto.com Visa Card in 2020, groceries saw the most growth, increasing from 17% to 20% during the year. Meanwhile, the share of spending on restaurants and transportation fell below 10% (see chart below).

Spending habits were also impacted by border restrictions and quarantine measures, as billions of people were forced to limit travel and in-person activities. Compared to overall growth, housing and household goods spending rose 47% in 2020, while spending on hotels and dining fell behind with -21% growth.

Crypto.com Spending Categories
Crypto.com Spending Categories

Infographic – https://techent.tv/wp-content/uploads/2021/04/crypto-com-visa-card-spending-grew-55-per-user-in-2020-online-spending-up-117.jpg

Additionally, 2020 spending on travel, dining, and ticketing all saw significantly negative growth, with ticketing experiencing the worst decline at -50% since 2019.

Online vs. In-Store

Overall, online spending with the Crypto.com Visa Card grew 117% relative to overall growth. Despite the pandemic, in-store spending also rose, but by a more moderate 33%, indicating an overall increase of card usage for a wide range of purchases.

The Crypto.com Visa Card Consumer Spending Insights Report for 2020 also looks at top food delivery platforms and supermarkets/department stores by region:

 

Region

Top Food Delivery Platforms

Top Supermarkets & Department Stores

UK & Europe

Uber Eats, Just Eat, Deliveroo

Lidle, Tesco, Aldi

North America

DoorDash, Uber Eats, Instacart

Walmart, Kroger, Publix

APAC

GrabFood, foodpanda, Uber Eats

Woolworths, FairPrice, Aldi

 

Kris Marszalek, Co-founder and CEO of Crypto.com said: "As our Crypto.com Visa Card availability continues to expand globally, so too are the ways in which people are using it. This granular spending data gives tremendous insight into where, how, and for what purchases the card is being used globally, and reveals significant spending behavioral changes driven by the pandemic. We’re excited by the diversity of transactions shown in the data, as crypto continues its mainstream push and as we continue to expand what is already the most widely available card of its kind into more markets."

First introduced in Singapore in 2018, the Crypto.com Visa Card is the largest Visa card program of its kind, and is currently available in the U.S., Canada, 31 countries in Europe, and the APAC. Last month, Crypto.com expanded its partnership with Visa, which granted the company Visa principal membership. This new partnership enables Crypto.com to begin direct issuance of its card in Australia, and allows the company to have a direct relationship with cardholders. Crypto.com plans to scale its card program to many more markets around the world, and began offering virtual cards in Europe this month, so users can start spending without waiting for their physical cards to arrive.

About Crypto.com

Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet. Recently launched, Crypto.com NFT is the premier platform for collecting and trading NFTs, curated carefully from the worlds of art, design, entertainment, sports.

Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.

Crypto.com is headquartered in Hong Kong with a 1,000+ strong team. Find out more by visiting https://crypto.com

Logo – https://techent.tv/wp-content/uploads/2021/04/crypto-com-visa-card-spending-grew-55-per-user-in-2020-online-spending-up-117-2.jpg

PR Newswire

Dada Group’s JDDJ Celebrates Sixth Anniversary with Key Retail and Brand Partners Awards Ceremony Held Online

Leave a comment

SHANGHAI, March 29, 2021 — Dada Group (Nasdaq: DADA) ("Dada"), China’s leading local on-demand delivery and retail platform, today announces that JDDJ ("JD Daojia"), the on-demand retail platform of Dada, holds its second "Retail and Brand Partners Awards Ceremony" online and jointly recommends the "2020 Retail Digitalization Innovation Cases" together with China Chain Store Association (CCFA), to celebrate JDDJ’s 6th anniversary.

JDDJ’s second "Retail and Brand Partners Awards Ceremony" recognized 45 leading retail and brand partners for their tremendous contributions to improve service and win the recognition of customers on the platform. The three major awards include "Best Strategic Partner for Categories of the Year", "Most Growing Partner of the Year" and "Best Marketing Partner of the Year".

Among them, JDDJ named Walmart, Yonghui Supermarket, CR Vanguard, Pagoda, Neptune Drugstore and other 11 merchants as "Best Strategic Partner for Categories of the Year", which recognized for their long-term collaborative partnerships and achievements in omni-channel expansion, technology innovation and brand marketing, jointly promoting the development of digital transformation of the retail industry in China.

Beijing Hualian Supermarket, Zhongbai Supermarket, 30 Fresh, Jianshengyuan Drugstore, Lenovo Laiku, Watson’s and other 12 merchants were awarded "Most Growing Partner of the Year" by JDDJ. The platform partners with retailers in all categories, including supermarkets, pharmaceuticals, beauty and electronics stores.

Meanwhile, JDDJ also recognized Mengniu, Yili, Yihai Kerry, Mars Wrigley, Nestle and other 6 brand owners as "Best Marketing Partner of the Year". In the past year, JDDJ and these brand partners worked together to create many omni-channel marketing campaigns, bringing consumers closer, digital marketing more accurate and efficient, and jointly building a new ecology of omni-channel marketing on the platform.

"In the era of micro-e commerce, the booming on-demand retail has become the biggest opportunity and digital transformation is the focus of the retail industry in China. In the past year, digitalization, omni-channel and all-category strategies have become the key words, and JDDJ has created many excellent practice cases together with retail partners," said Philip Kuai, Founder, Chairman & CEO of Dada Group. "We would like to express our most sincere gratitude to all our ‘new friends’ and ‘old partners’. Thank you for your support, help and trust as always. JDDJ will never compete with retailers and brands, but continues to empower them to create a win-win situation together with everyone."

"Digital transformation has become a major trend in China’s retail industry, during which a number of pioneering retail enterprises and leading digital empowerment platforms like JDDJ spring up," said Jianzhen Peng, Secretary General of CCFA. "Together with JDDJ, we have systematically recommended the representative, applicable and worthy cases of retail digital transformation on the platform in 2020. We hope these cases can serve as a business development reference for more retail partners."

This year’s JDDJ 415 Anniversary Shopping Festival will be launched from April 8 to 18. During the period, JDDJ partners with leading supermarket chains in China, including Walmart, Yonghui Supermarket, CR Vanguard, BBG Supermarket, Aeon, Jiajiayue, Lotus and famous brands, such as Yili, Mengniu, P&G, Unilever, Yihai Kerry, Mars Wrigley, PepsiCo, Nestle, as well as over 100,000 merchant stores on the platform to create an "One-hour Shopping Carnival". This provides consumers in nearly 1,400 counties and cities in China with "one-hour delivery" services for all categories of products, such as supermarket groceries, fresh meat and eggs, daily necessities, mobile phones and electronics, beauty and clothing.

In order to ensure the safe and timely delivery of consumers’ orders during the festival, Dada Now, the local on-demand delivery platform of Dada Group, has played a key role as the intra-city logistics infrastructure. Before the promotional season, Dada Now has analyzed and anticipated the delivery demand in advance, optimized the efficiency of delivery capacity and improved the stability of its smart logistics system.

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

Circle Launches Comprehensive NFT Platform & Marketplace Payments Solution

Leave a comment

Accelerates Mainstream Adoption by Enabling NFT Platforms to Accept Both Traditional and Crypto Payments

Circle unveils plans to support BTC and ETH payments, as well as storage, custody and transfer of NFT assets

BOSTON, March 27, 2021 — Circle, a global financial technology firm that provides payments and treasury infrastructure for internet businesses, today announced a comprehensive payments solution for non-fungible token (NFT) marketplaces and storefronts that enables them to accept credit card and crypto payments alike in order to attract more mainstream audience adoption. Circle today also unveiled forthcoming features that will be made available over the coming months, including support USDC, BTC and ETH payments, NFT custodial services, and yield-generating Circle accounts for NFT market operators.

NFT marketplaces have surged in popularity over the past 12 months, but broad-based mainstream adoption is lagging due to the complexity of payment transactions, which usually require the use of cryptocurrencies. Circle’s NFT solution simplifies buying and selling by enabling platforms to accept credit card payments alongside crypto, all with a seamless user experience. This makes NFT transactions easier by encouraging greater engagement, platform expansion and support for creators worldwide through the marriage of traditional payment rails and leading digital dollar stablecoin USD Coin (USDC).

NFTs have seen a meteoric rise in recent months – as platforms like NBA Top Shot skyrocket in popularity (Top Shot has seen a 400% increase in sales over the past 30 days) and digital art becomes mainstream (iconic auction house Christie’s recently offered the first purely digital artwork with the auction of Beeple’s Everydays for $69M). In February 2021 alone, sales volume across major NFT marketplaces grew nearly 800%, to more than $200M.

"This is not only an important and valuable trend for marketplaces and creators, it represents incredible demand from customers – for collectibles, artwork, moments, and really anything that can be tokenized on the blockchain," said Jeremy Allaire, Circle Co-founder and CEO. "Circle looks forward to supporting the industry – creators, platforms, marketplaces, storefronts and customers – with our solution for enabling a user-friendly, mainstream payments experience with the power of crypto connectivity and USDC."

With Circle’s payments and treasury infrastructure, NFT marketplaces and storefronts can create a seamless user experience for buyers and sellers alike:

  • Build upon Circle’s Payments, Payouts and Digital Dollar Accounts APIs to process transactions and use the Circle Account to maintain a scalable treasury infrastructure on the backend, making platform management easier than ever.
  • Choose to offer traditional and crypto payment options, or abstract crypto entirely from the user – all in service of greater convenience and efficiency alike.

Over the coming months, Circle plans to release a range of features aimed at NFT marketplaces, storefronts and platforms:

  • Support for BTC & ETH payments. NFT markets will be able to easily accept BTC and ETH as payment and payout methods, allowing both crypto HODLers and new mainstream users to pay with fiat and crypto.
  • Storage, Custody and Transfer of NFT assets. Circle’s digital asset account infrastructure and APIs will enable NFT markets and properties to easily store NFT assets with best-in-class digital asset custody services, while also enabling their customers to transfer standard NFTs in and out of their markets and services.
  • Treasury and Yield Services. NFT markets are digital asset native businesses, and with funds and treasury accounts held with Circle, NFT developers can take advantage of Circle’s new high-yield digital dollar accounts*, enabling idle working capital to earn between 4-8% APY on USDC.

These new areas of focus are just the beginning as Circle continues to build and partner with the leading projects, developers and brands that are innovating in the NFT commerce space.

This comes at a time of explosive growth for USDC, whose market cap is more than $10B and has more than doubled in 2021 alone. Dollar stablecoins like USDC have quickly become the preferred currency of NFT marketplaces and storefronts as they offer a convenient funding source for end users as well as the ability to streamline their operations and stay crypto-native as needed. In the future, Circle plans to expand its roadmap by accepting ETH payments as well as providing custody for NFTs.

For more information, contact our team, and read more about our NFT solution here.

About Circle
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle’s platform has supported over 100 million transactions worth tens of billions of dollars, with nearly 10 million retail customers, over a thousand businesses, while storing and securing more than $5 billion in digital currency assets. Circle is also a principal developer of USD Coin (USDC), which together with Coinbase and the Centre Consortium oversees the standards and protocol for what has become the fastest growing, regulated, fully reserved stablecoin. USDC now stands at more than $10 billion market cap and is adding nearly $300 million net new digital dollars in circulation every week. Today, Circle’s transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through programmable internet commerce. Learn more at https://circle.com

*Service offered through Circle International Bermuda Limited. Offering subject to business approval, geographical availability, and regulatory authorization, and there is no guarantee that the product will become available in a specific timeframe, or to a specific customer group or geography. Service offered through Circle International Bermuda Limited. It is anticipated that Circle International Bermuda Limited will enter into lending arrangements with one or more institutional borrowers, including Genesis Global Capital, LLC. You should carefully conduct your own investigations and analyses in connection with any participation in this product, including its objectives, risk factors, fees, and expenses and the information set forth in these materials. All prospective participants in the products described herein are advised to consult with their legal, accounting and tax advisers regarding any potential participation. Rates are purely indicative and are subject to change pending availability, approval and market conditions. Additional information is available upon request.

Logo – https://mma.prnasia.com/media2/1220689/Circle_Logo.jpg?p=medium600

Related Links :

http://www.circle.com

https://www.circle.com