Tag Archives: ECM

PR Newswire

Evermos, an Indonesian Social-Commerce Platform, Seeks to Add Fairer Economy Discussions to The Davos Agenda 2021

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BANDUNG, Indonesia, Feb. 17, 2021 — As part of the World Economic Forum’s Davos Agenda 2021, Evermos, a West Java’s social-commerce platform for Indonesian Muslim products, Evermos, unveiled an article on helping Indonesian MSMEs increase their competitiveness. Evermos presented the paper at the World Economic Forum’s Davos Agenda 2021 held on January 25-29, 2021.

The current system discourages small Indonesian businesses from investing in growth. (photo: Evermos)
The current system discourages small Indonesian businesses from investing in growth. (photo: Evermos)

World Economic Forum’s Davos Agenda 2021 was attended by world leaders, such as Prime Minister of India, Narendra Modi, Chancellor of Germany, Angela Merkel; President of France, Emmanuel Macron; Softbank CEO Masayoshi Son; Minister of Trade of the Republic of Indonesia. Muhammad Lutfi; and Minister of Foreign Affairs of the Republic of Indonesia, Retno Marsudi.

This year’s forum discussed world impact topics, including COVID-19’s effect on society and the economy, building a fairer economy, transcending geopolitical boundaries, the goodwill of technology, and new strategies to save the earth.

Among these topics, Indonesian SMEs’ economic rate drew particular attention at The Davos Agenda 2021 World Economic Forum Annual Meeting.

The Davos Agenda 2021 highlighted several of the articles case studies, including an Evermos’ article about Mr. lyus, a hijab producer in Bandung, who experienced a significant growth from 2015-2017. During that time, Mr. lyus produced 150,000 headscarves per day. However, this later declined by 80%, resulting in reduced income for his employees.

A significant reason is a by-product of imports flooding the market, some of which are illegal. On average, a container of imported goods can contain around 250,000 to 450,000 headscarves.

Unfair trading practices in this sector have major implications for retailers like Mr. Iyus. He analysed how foreign manufacturers observe which products were in high demand, and within six months, they flooded the market with similar but cheaper products.

To increase his compete, Mr. Iyus had to innovate with a new winning product, and within 6 months, he quickly started production to get a profit. However, he noticed that his global competitors use marketing intelligence to gain an unfair advantage and shortened his winning product lifecycle. Due to time and capital constraints, Mr. Iyus is reluctant to expand his business. The situation has created a vicious cycle among small and medium-sized enterprises (SMEs) in Indonesia.

Cheaper imported products have made SMEs’ reluctant to initiate medium -to long-term investments, causing low productivity and inefficient production; making them less competitive with global players.

This vicious cycle at the SMEs level creates another smaller vicious cycle, which impacts the welfare level of the workers. Low productivity of the SMEs then reduces their income, which in turn decreases the education level of their children. It later causes the next SMEs generation to experience skills shortages and low income as well.

Considering the long-term impact, people should start switching to buying local products, to increase money velocity and revive the local economy.

Arip Tirta, President of Evermos, said, "If we don’t buy local products, SMEs will lose against global value chains. Whenever we buy a local product, we help revive the economy by keeping money in circulation through product owners, vendors, employees, and other related parties. It keeps the economy flowing. Improvements in quality and experience are important, but more important is the need to support local producers and their endeavours."

SMEs have contributed support approximately 97% of employment in Indonesia, absorbing most low-skilled workers. They also contribute to over 60% of Indonesia’s Gross Domestic Product (GDP) and have helped raise the quality of life by helping millions of people out of poverty.

Indonesia’s large and growing market presents opportunities to expand local production’s impact. However, there is a need to create more products’ in more significant quantities and more varieties. Something Indonesia is yet to do.

The next question: How can Indonesia break this vicious cycle? People need to focus on single links of the chain by doing any or all of the following:

  1. Go local or go home. Inspire people to buy local products, even though there are alternative cheaper products.
  2. Think long-term. Encourage SMEs to think of medium to long-term investment to remain globally competitive.
  3. Productivity as an engine for growth. Focus on skills training and technology adoption to increase productivity.
  4. The best offence is defence. Create effective trade policies to protect SMEs, with a more data-driven market intelligence approach.

If people can break this chain, Indonesia can create a virtuous cycle conducive to SMEs to think about medium and long-term growth. Productivity, efficiency, and higher profits will be made and strengthen local products’ global competitiveness.

Another approach is to create a significant breakthrough by breaking the cycle of our heavy reliance on SMEs and focusing on improving skilled workforce, while transforming them into high-skill workers.

A vicious cycle is difficult to stop, but it is not impossible if all players work together and fight for the SME’s welfare together as a country.

PR Newswire

Vipshop to Announce Fourth Quarter and Full Year 2020 Financial Results

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GUANGZHOU, China, Feb. 16, 2021 — Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced that it plans to release its fourth quarter and full year 2020 financial results on Thursday, February 25, 2021 before market open. The Company will hold a conference call on Thursday, February 25, 2021 at 7:30 am Eastern Time or 8:30 pm Beijing Time to discuss the financial results.

All participants wishing to join the conference call must pre-register online using the link provided below. Once pre-registration has been complete, participants will receive dial-in numbers, a passcode, and a unique registrant ID. To join the conference, simply dial the number in the calendar invite you receive after pre-registration, enter the passcode followed by your PIN, and you will join the conference instantly.

Conference ID

#2154516

Registration Link

http://apac.directeventreg.com/registration/event/2154516

The replay will be accessible through March 5, 2021 by dialing the following numbers:

United States Toll Free: +1-855-452-5696
International: +61-2-8199-0299
Conference ID: #2154516

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://ir.vip.com.

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

Dada Group Discusses Industry Insights and Walmart Partnership at Retail Week’s ‘Accelerating Ecommerce Week’ Virtual Event

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SHANGHAI, Feb. 12, 2021 — Dada Group (Nasdaq: DADA) ("Dada" or the "Company"), China’s leading local on-demand delivery and retail platform, was invited to attend and share industry insights at Retail Week’s 2021 ‘Accelerating Ecommerce Week’ virtual event. As an expert in this area and the only Chinese representative, Dada Group’s general manager of product operations, Dora Guo took part in a panel focused on balancing final-mile profitability and productivity. She discussed Dada’s latest logistics and delivery innovations to reduce costs and improve efficiency.

Dora Guo discussed Dada’s latest logistics and delivery innovations to reduce costs and improve efficiency
Dora Guo discussed Dada’s latest logistics and delivery innovations to reduce costs and improve efficiency

Taking place entirely online, the two-day event hosted by Retail Week magazine is one of the retail industry’s most influential and prestigious annual forums. This year, the focus of the event was on how the retail industry landscape has changed as a result of the COVID-19 pandemic and how industry players around the world are responding and adapting to these new circumstances. Through a combination of panel discussions, an online networking mixer and master-class-style keynote presentations from industry experts representing companies including Ascential, Shopify and DLA Piper, participants discussed how to better attract and retain customers and drive value across their businesses.

Speaking on the panel, Ms. Guo said: "With the ‘Amazon effect’ leading to rising expectations from customers for faster delivery speeds, providing delivery efficiency while maintaining low operational costs has become an important way for retailers to provide differentiated services for their customers. Over the past six years, Dada Group has built a specified on-demand delivery system designed to optimize delivery time and provide exceptional service."

Dada Group successfully integrated Dada Now and JDDJ to develop a leading platform for local, on-demand delivery in China. Focused on supporting retailers and brand owners to connect online and offline sales systems, JDDJ, the largest on-demand retail platform in China’s supermarket segment, offers streamlined logistics solutions that can also assist in driving new online traffic and sales through O2O channels. For local delivery between merchants and individuals, Dada Now, the largest open on-demand delivery platform in China, offers effective and efficient solutions that allows for direct point-to-point and trackable distribution without having to rely on other third party vendors. Dada Group sees innovation as an integral part of business success and continues to focus on R&D to improve technical efficiency and customer value.

The Company’s focus on micro-ecommerce and last-mile delivery has positioned Dada Group for long-term partnerships with high-volume retailers. In June 2016, the Company signed a strategic partnership with Walmart to offer their stores in China access to last-mile delivery services. Since then, Dada Group has grown to become the exclusive provider of delivery services for the global retailer’s more than 400 stores across the country. Sam’s Club, a members-only retailer and part of the Walmart family, has also greatly benefited from its three-year partnership with Dada Now, which enables quick delivery on more than 1,000 products and has seen a tenfold increase in daily delivery order volume from a single warehouse. The collaboration with Sam’s Club is about providing exceptional customer service; Dada riders delivering from Sam’s Club are outfitted in customized cross-brand uniforms and are given specialized training. Additionally, through this partnership, Sam’s Club customers are able to receive orders before stores even open.

Throughout the panel, Ms. Guo discussed these partnerships and highlighted the role and value service providers like Dada Group bring to the table: "On-demand delivery from warehouses to consumers can be extremely complex with scattered demand, wild fluctuations in peak orders and a number of different delivery points. These problems can only be solved by relying on specialized technical applications utilizing big data and AI."

With the rise of social ecommerce, Dada Group looks to provide superior delivery support and coordination to credible key opinion leaders. Given the potential negative impact of a sudden influx of orders for single products on an unprepared individual or small team, Dada Group has developed applications to support O2O live streaming events and effectively bridge the gap between online and offline shopping experiences. The Company has also been involved in platform-exclusive marketing campaigns such as "Super Brand Day" to help brands expand their reach and provide customers with great deals.

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

TradingCrypto Introduces New Website, Featuring Cutting-Edge Trading Platform

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LONDON, Feb. 12, 2021 — Amidst a rise in demand for online trading services in 2021, as a result of volatility in the markets, online trading brokerage TradingCrypto has announced that its new trading website is on air, and that registration has already surpassed expectations since its launching, earlier this year.

"We’re flattered by the trust our new traders have put in us, and we certainly don’t take it for granted," said Donald Reilly, TradingCrypto’s spokesperson, in response to the news. "We’ve put a whole lot of effort into this new website, deploying the most recent technology to ensure a speedy, secure and user-friendly interface and experience."

Bringing something new to the world of trading

The brand has taken the highest standards of customer service on one hand, and enjoying the benefit of reputation on the other. That is why TradingCrypto has taken every means necessary in order to provide the best support and service available, as current and joining traders can attest.

"The key principle, by which our decisions have been made ever since we were at our founding stage, is that our success must be a result of our customers’ success," added the spokesperson. "That is why it was important for us to offer something on this website that they cannot get anywhere else: a new standard of ultra-fast support service, handling any request or issue that may come up, on a 24/6 basis."

The new website, tradingcryp.com, offers a wide array of tradable crypto coins, but is not limited to this type of assets. Traders can choose from a wide variety of stocks, commodities, indices, and forex pairs as well.

About TradingCrypto

Founded by an elite selection of brokers and analysts, all with years in the business of online trading, TradingCrypto aims at basing itself as a leading trading platform in 2021. Its users have a wide variety of assets to choose from, with full access to all relevant market charts, research data, analytics and many other tools. All actions can be executed via the MetaTrader web platform, suitable for all kinds of devices – including tablets and mobile phones – and via the brand’s proprietary app. tradingcryp.com plans on introducing several more benefits in the near future.

Related Links :

https://tradingcryp.com

PR Newswire

Future FinTech Group Inc. Announces the Closing of $11.9 Million Registered Direct Offering

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NEW YORK, Feb. 12, 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 closed the registered direct offering of 2,000,000 shares of its Common Stock at a purchase price of $5.95 per share on February 11, 2021. The gross proceeds of this offering are $11,900,000. The Company issued a total of 2,000,000 shares of its Common Stock in the offering. The net proceeds from this offering will be used for growth capital and general working capital purposes.

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

All offers were made only by means of a prospectus, including a prospectus supplement pursuant to the Company’s effective shelf registration statement and base prospectus contained therein. The shelf registration statement on Form S-3 (File No. 333-224686) relating to the offering was previously filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective on December 11, 2020. A prospectus supplement related to the offering was filed with the SEC on February 11, 2021 and is available at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, and these securities cannot be sold in any state in which this offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. 

For further details of this transaction, please see the Current Report on Form 8-K filed with the SEC on February 10, 2021, as amended which can be viewed at www.sec.gov.

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

Trip.com Group to Hold Extraordinary General Meeting on March 18, 2021

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SHANGHAI, Feb. 11, 2021 — Trip.com Group Limited (Nasdaq: TCOM) ("Trip.com Group" or the "Company"), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management, today announced that it will hold an extraordinary general meeting of shareholders (the "EGM") at 9:00 a.m. on March 18, 2021 (Beijing time) at the address of Building 16, Sky SOHO, 968 Jin Zhong Road, Shanghai, the People’s Republic of China.

A proposal of changing the Company’s authorized share capital by one-to-eight subdivision of shares ("Share Subdivision") will be submitted to Trip.com Group’s shareholders to be considered and voted upon at the EGM. Subject to the approval of the Share Subdivision at the EGM, Trip.com Group’s board of directors (the "Board") has approved a change in the American depositary share ("ADS") ratio proportionate to the Share Subdivision from eight (8) ADSs representing one (1) ordinary share to one (1) ADS representing one (1) ordinary share (the "ADS Ratio Change"), to take effect on March 18, 2021. For Trip.com Group’s ADS holders, the percentage interest in the Company represented by each ADS will not be altered, and the impact on the Company’s per-ADS trading price on Nasdaq is neutral. Holders of ADSs need not take any action in regard to the ADS Ratio Change.

The Board has fixed the close of business on February 16, 2021 (Eastern Standard Time) as the record date (the "Record Date") for determining the shareholders entitled to receive notice of, and to attend, the EGM or any adjourned or postponed meeting thereof. Holders of record of the Company’s ordinary shares, par value US$0.01 per share, at the close of business on the Record Date are entitled to notice of, and to vote at, the EGM or any adjournment or postponement thereof. Holders of the Company’s ADSs who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, The Bank of New York Mellon (the "Depositary"). The notice of the EGM, which sets forth the resolutions to be submitted to shareholder approval at the meeting, is available on the Company’s website at http://investors.trip.com.

About Trip.com Group Limited

Trip.com Group Limited (Nasdaq: TCOM) is a leading one-stop travel service provider consisting of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group enables local partners and travelers around the world to make informed and cost-effective bookings for travel products and services, through aggregation of comprehensive travel-related information and resources, and an advanced transaction platform consisting of mobile apps, Internet websites, and 24/7 customer service centers. Founded in 1999 and listed on Nasdaq in 2003, Trip.com Group has become one of the largest travel companies in the world in terms of gross merchandise value.

Related Links :

https://www.ctrip.com/

PR Newswire

Senmiao Technology Announces Expansion of Cooperation with China’s Leading E-commerce Services Platform Meituan

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CHENGDU, China, Feb. 5, 2021 — Senmiao Technology Limited ("Senmiao") (NASDAQ: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the signing of a strategic cooperation agreement that expands upon a previously announced partnership with Shanghai Lutuan Technology, an affiliate of Meituan (HK: 3690). Meituan is China’s leading e-commerce platform for services, focused on its "Food + Platform" strategy to build a multi-level technology service platform.

Following the initial success of the Senmiao-Meituan cooperation in Chengdu, this new strategic cooperation agreement sets the framework for future collaborations between the parties in other cities in China. As part of its strategy, Senmiao next anticipates building out a total solution for ride-hailing drivers in Guangzhou, which will include financing arrangements, rentals, integration of safety features, as well as the launch and development of Senmiao’s proprietary online ride-sharing platform.

If Senmiao’s platform is selected by the rider or by the Meituan application, the order will then be distributed to registered drivers on the platform for viewing and acceptance. Senmiao earns commissions for each completed order based on a certain percentage of the value of the order.

Xi Wen, Senmiao’s Chairman and Chief Executive Officer, stated, "We are thrilled to have established this framework for expanding our cooperation with Meituan. We believe this is a testament to the positive results and feedback we have received from our initial work with Meituan in Chengdu, and we look forward to bringing the same type of excellent service and convenience to people in Guangzhou and beyond. We believe Meituan’s leading platform provides Senmiao with the significant exposure needed to drive our online ride-sharing platform’s growth as a mobile ride-hailing service in China. At the same time, we look forward to bringing increased value and accessibility to Meituan users all over China through this cooperation."

About Senmiao Technology Limited

Headquartered in Chengdu, Sichuan Province, Senmiao provides automobile transaction and related services including sales of automobiles, facilitation and services for automobile purchase and financing, management, operating lease, guarantee and other automobile transaction services. Senmiao also operates its own ride-hailing platform aimed principally at the growing online ride-hailing market in Senmiao’s areas of operation in China. For more information about Senmiao, please visit: http://www.senmiaotech.com.

Cautionary Note Regarding Forward-Looking Statements 

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements also are subject to risks, uncertainties and assumptions, including those detailed from time to time in the Senmiao’s filings with the SEC, and represent Senmiao’s views only as of the date they are made and should not be relied upon as representing Senmiao’s views as of any subsequent date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances. 

For more information, please contact:

At the Company:

Yiye Zhou

Email: edom333@ihongsen.com

Phone: +86 28 6155 4399

Investor Relations:

The Equity Group Inc. 

In China

Adam Prior, Senior Vice President

Lucy Ma, Associate

(212) 836-9606

+86 10 5661 7012

aprior@equityny.com 

lma@equityny.com 

Related Links :

http://www.senmiaotech.com/

PR Newswire

Dada Group’s JDDJ Releases Sales Report on Consumption Trends During Chinese New Year

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SHANGHAI, Feb. 5, 2021 — Dada Group (Nasdaq: DADA) ("Dada" or the "Company"), China’s leading local on-demand delivery and retail platform, today announced that JD Daojia (JDDJ), Dada’s on-demand retail platform, released its "Sales Report on Consumption Trends During Chinese New Year 2021," which compiles official sales data on the platform from January 16 to February 4.

Dada Group’s JDDJ and Dada Now work diligently to maintain the pace of one-hour delivery for Chinese New Year
Dada Group’s JDDJ and Dada Now work diligently to maintain the pace of one-hour delivery for Chinese New Year

Chinese New Year is a traditional holiday that typically drives widespread travel as people return home for family reunions. This year, due to the COVID-19 pandemic, many residents have chosen to stay home and stay put. Instead of going out, consumers are placing orders for the festivities online to deliver to family, and Dada’s one-hour delivery is streamlining the process. JDDJ’s data shows that the number of orders that users placed from a city other than their own was twice that of the comparable period last year, led by Beijing, Shenzhen and Guangzhou.

During the reporting period, sales of festival gift boxes on JDDJ increased 3x compared to the prior year. Among them, sales of cookie and coffee gift boxes increased 4x and 3x respectively. Additionally, some western-style foods have increased in popularity as well. Compared to last year, sales of salad increased 40x on JDDJ, while sales of brandy increased 11x and pasta 4x. Milk, mushrooms, oranges, potatoes and chicken breasts were the top selling products on JDDJ during the Festival.

The report predicts that as more consumers place orders on local on-demand retail platforms represented by JDDJ, their consumption habits will include not only food, but all categories of products. Consumers have also been spending on games and entertainment to enjoy during the festivities. Sales of poker and mahjong doubled, and sales of mobile phones on the platform increased 20x year-on-year, with the iPhone 11, iPhone 12 and Huawei Mate 40 Pro being the most popular devices.

Sales of pandemic-related products also increased significantly on JDDJ, reflecting consumers’ concerns about their health. Compared to the same period last year, sales of masks on the platform increased 9x, sales of hand sanitizer increased 3x and sales of disinfectants doubled.

"Through our commitment to ‘bring people everything on demand,’ JDDJ consistently provides consumers in China with an extensive variety of products through the one-hour delivery service provided by Dada Now," said Philip Kuai, Founder, Chairman and CEO of Dada Group. "In January, Dada Group announced that JDDJ and Dada Now would stay open during Chinese New Year in February. Through these two platforms, we are proud to maintain the highest level of safety, while ensuring trustworthy and efficient services for customers across the country."

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

ISSA and INFORMA Markets Solidify Partnership in China Asia’s Flagship Cleaning Industry Event

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SHANGHAI, Feb. 4, 2021 — ISSA and Informa Markets have solidified a strategic partnership to serve the Chinese global cleaning industry through the launch of an ISSA Pavilion at Informa’s China Clean Expo. More than 35,000 industry leaders and 600+ companies from around the globe are convening at the China Clean Expo (CCE) March 30 – April 2, 2021 for a 4-day event being held at the Shanghai New International Expo Centre (SNIEC) in Shanghai, China.

"ISSA is very happy to further expand our strong global partnership with Informa Markets by offering the ISSA pavilion at this year’s China Clean Expo," said Dianna Steinbach, ISSA Vice President of International Services. "This is a natural continuation of the ongoing relationship between ISSA China and the CCE show, combining ISSA’s more than 10 years of experience educating and serving the Chinese cleaning industry with CCE’s more than 21 years of providing a national platform for cleaning professionals to meet, network and do business."

The CCE show was launched when China’s cleaning industry began to develop. Over the past 21 years it has grown into China’s leading cleaning event serving the community of facility managers and cleaning service providers. Today CCE is a part of Hotel & Shop Plus – the mega event gathering real estate developers, hotels and shopping malls, brings the cleaning industry more potential buyers and business opportunities in the commercial cleaning field.

"We are happy to work closely with Informa Markets US and ISSA to launch the ISSA Pavilion on the CCE 2021 show floor. It will not only bring international advanced experience and ideas to China’s fast-growing cleaning industry but also will introduce overseas innovative equipment, products and solutions to the huge China market. By joining forces and sharing resources, I believe together we can promote better development of the cleaning industry!" said XQ Zhang, Managing Director of Sinoexpo Informa Markets.

Visitors can source new cleaning solutions for commercial, cleaning, industrial cleaning, public utilities, municipal environmental sanitation, indoor environment purification and property, provided by international and local Chinese companies.

The CCE event features a series of activities themed as "Intelligence and Craftsmanship" including summit forums, China Cleaning Skill Competition, Smart Cleaning Show and Golden Palace & Golden Diamond 2.0 Awards Ceremony, connecting the whole industry and promoting the development of China’s cleaning industry.

The ISSA Pavilion at China Clean Expo will be a hub offering ongoing education and networking, surrounded by a selection of innovative exhibitors displaying new solutions. Located in Exhibit Hall N3, the ISSA Pavilion is near key show features such as the Epidemic Prevention Zone and European Brand Zone. Additionally, the pavilion is conveniently located near Forum Area B where ISSA Pavilion exhibitors and speakers can participate in forums, deliver elevator pitches and conduct panel discussions.

WHO SHOULD ATTEND?

The ISSA Pavilion at China Clean Expo establishes a framework for communication and awareness best practices throughout the world and more specifically in the Chinese market.

The ISSA Pavilion is ideal for providers of cleaning and facility management products and solutions looking to grow their reach in the Chinese market.  Companies seeking to reach key decision-makers within the Chinese market have an opportunity to not only build brand awareness abroad but to improve company positions as a leading player in the worldwide cleaning industry.

This high-profile area will attract executive decision makers from commercial cleaning, industrial cleaning, hospitality, retail, public utilities, municipal environmental sanitation, indoor environment purification and other public venues of all sizes seeking to improve operating procedures.

IN-PERSON EXHIBIT & DIGITAL OPPORTUNITIES

The ISSA Pavilion at China Clean Expo offers flexible opportunities that enable companies around the world to showcase products and services in-person during the four-day event. Additionally, it delivers online brand awareness offerings throughout the year.

NEW & GROWING STRATEGIC PARTNERSHIPS

INTERNATIONAL EXPANSION EFFORTS

Remaining of the utmost priority, ISSA and Informa Markets continue to source new opportunities to provide member value and outstanding content by scaling exhibitions and experiences globally. The continued partnership will enable the worldwide cleaning industry to flourish and bring value to the global cleaning community as part of its mission to change the way the world views cleaning.

Paired with the growing family of events, ISSA also brings to the partnership a wide offering of international certifications, accreditations such as GBAC STAR™ Facility Accreditation, training, market intelligence, market expansion consulting, business networking and many other benefits to each local region.

One example of the marriage between ISSA’s industry knowledge and Informa’s event expertise was the ISSA Biorisk Symposium Series hosted in late 2020 in China, India and Thailand, which brought together esteemed international experts on infection prevention with local industry and government leaders to discuss the ongoing needs to protect public health and return citizens safely to the built environment.

ISSA & INFORMA GLOBAL SHOWS PORTFOLIO

TheISSA & Informa Global Shows Portfolio has become the single platform where all industry specialists converge. Across all B2B tradeshows, conferences and educational symposiums in the portfolio, ISSA and Informa take pride in disseminating knowledge, enhancing education, connecting buyers and sellers, and promoting the advancement of cleaning technologies to enhance a healthy and sustainable living environment.

As the evolving impacts of COVID-19 ripple through communities, the world has faced unforeseen challenges. Dynamic global markets are forcing organizations to innovate at a blinding speed to stay ahead. Rapid advances in technology are providing both opportunities and challenges for testing leaders. The ISSA & Informa Global Shows Portfolio provides a unique platform for professionals to join in the conversation with peers as experienced business leaders share ways to lead through innovation.

"The portfolio of ISSA & Informa Global Shows maintains the unified objective of changing the way the world views cleaning. We’re honored and excited to expand and start serving more global communities. We have a record number of exciting events taking place around the world including Europe, China, India, Southeast Asia, Australia, Latin America, Canada and the United States," said Lindsay Roberts, Group Director, Informa Markets US.

For further information on ISSA Global Shows, visit https://www.issashow.com/en/industry/issa-global-shows.html.

CHINA CLEAN EXPO (CCE)

Asia’s Flagship Cleaning Industry Event – CCE, launched in 2002, has become one of the largest meeting points of the Asian cleaning industry and the most valuable channel accessing Chinese cleaning manufacturers, suppliers, distributors, and buyers. The event showcases a wide range of products from commercial cleaning, industry cleaning, public cleaning, municipal cleaning, and personal and home care.

China is now the hub of the worldwide cleaning production equipment, tools, and chemicals. Buyers have the unique opportunity to source from a large amount of product in different qualities and price ranges. A variety of products are exhibited at the Expo, such as cleaning machinery, sanitary tools and accessories, cleaning chemical agent, sanitation supplies, antibacterial disinfection equipment, and solid waste treatment equipment. CCE, which provides one-stop professional cleaning solutions for commercial, cleaning, industrial cleaning, public utilities, municipal environmental sanitation, indoor environment purification, and property, is an important channel for internationally famous brands to understand and enter China’s market. For further information visit chinacleanexpo.com.

HOTEL & SHOP PLUS

As the first professional trade show concentrating on engineering sourcing and industry communication for hotels and commercial space in China, Hotel & Shop Plus has attracted the attention of the whole industry once launched in 2017.

Co-organized by Shanghai Sinoexpo Informa Markets International Exhibition Co., Ltd., China Tourist Hotels Association, China Commerce Association for General Merchandise, China Association of Lighting Industry and China Architectural Culture Centre, Hotel & Shop Plus combines diverse categories closely connected with hotels and commercial space including design, operation, furniture, cleaning, smart retail and franchise. The mega event aims to build and expand the industry ecosphere centered by Hotel & Shop Plus and provides a one stop purchasing platform of construction and operation for hotels and commercial space.

Covering the exhibition space of 210,000 sqm, Hotel & Shop Plus 2019 witnessed the presence of 3,000+ exhibitors showcasing their products and services to 147,166 visitors from 105 countries and regions. For more information, please visit https://en.jiagle.com/cs-hotelplus/.  

ISSA, THE WORLDWIDE CLEANING INDUSTRY ASSOCIATION

With more than 9,300 members—including distributors, manufacturers, manufacturer representatives, wholesalers, building service contractors, in-house service providers, residential cleaners, and associated service members—ISSA is the world’s leading trade association for the cleaning industry. The association is committed to changing the way the world views cleaning by providing its members with the business tools they need to promote cleaning as an investment in human health, the environment, and an improved bottom line. Head quartered in Northbrook, IL, USA, the association has regional offices in Mainz, Germany; Whitby, Canada; Parramatta, Australia; Seoul, South Korea; and Shanghai, China. For more information, visit www.issa.com.

INFORMA MARKETS
Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. We provide marketplace participants around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, targeted digital services and actionable data solutions. We connect buyers and sellers across more than a dozen global verticals, including Pharmaceuticals, Food, Medical Technology and Infrastructure. As the world’s leading market-making company, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.

ISSA SHOW NORTH AMERICA

The ISSA Show North America exhibition and conference brings together executives and leaders from all segments of the commercial and residential cleaning industries. This annual event is produced in partnership by Informa Markets and ISSA, the worldwide cleaning industry association, and is the leading platform for manufacturers, distributors, and facility service providers to connect, do business, and share information. In addition to an expansive exhibit hall, the show offers a robust education program where attendees learn the latest trends from industry experts, discuss best practices with peers, and earn technical training and professional certification. For more information, visit issashow.com.

PR Newswire

Unbxd collaborates with Google Cloud to offer AI-powered commerce search on Google Cloud for retail stores

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SAN MATEO, Calif., Feb. 4, 2021 — Unbxd Inc., a leading provider of AI-powered Commerce Search and Product Discovery solution today announced a collaboration with Google Cloud. As part of the collaboration, Unbxd will deliver its commerce search service, hosted on Google Cloud, to retail customers. Unbxd will also leverage Google Cloud’s advanced Search, Recommendations, and AI technologies to better enable product discovery for retail customers.

In order to transform and modernize digital commerce,  retailers are looking to deliver compelling customer experiences and accelerate transformation by leveraging new capabilities and services in a highly scalable and reliable infrastructure. They are looking to create shopper interactions with the online store in a way that is contextual, relevant, and personalized.

"We at Unbxd are delighted to collaborate with Google Cloud to offer AI-powered commerce search as a service, powered by Google Cloud AI technologies, to retail stores. Digital modernization has become a prime initiative for the retail segment. Our collaboration with Google Cloud will help rapidly deploy and offer an amazing customer journey, all the while empowering merchants to align creatively and easily with their business objectives," says Pavan Sondur, CEO and Co-Founder at Unbxd.

"Our collaboration with Google is a step towards accelerating our journey to that mission. Hosting our solution on Google cloud not only adds performance, security, and credibility to our solution but also differentiates it from the rest in the market. We are excited to work with Google in making eCommerce modernization a reality across the globe!"

"Retailers must have a deep understanding of each of their customers to earn and maintain their loyalty. We have a comprehensive list of production-ready solutions at Google Cloud Marketplace that enables enterprises to run their businesses with efficiency and ease. By working with Unbxd we are helping retail customers further take advantage of technologies to modernize and strengthen their eCommerce strategies," says Nirav Sheth, Director, ISV & Partner Sales, Google Cloud.

About Unbxd

Unbxd is an AI-driven eCommerce search platform that understands shoppers’ intent and connects them to the products they are most likely to buy — across purchase journeys. Unbxd powers search for more than 1300+ eCommerce sites across 40+ countries. The Unbxd product discovery solution is custom-built to be deployed across verticals such as Fashion, Healthcare, Pharma, Autoparts, Home Decor, B2B, and Mass Merchants. For more information, please visit unbxd.com or follow them on LinkedIn.

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