Tag Archives: ECM

PR Newswire

Poq Partners with AppsFlyer to Power More Effective Data-Driven App Commerce Decision Making

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Marketing analytics and attribution specialist integrates with leading app commerce software platform to help retailers unlock the power of mobile campaign data

LONDON, Jan. 14, 2021 — Native SaaS retail mobile app platform, Poq, today announces the beta launch of its standard integration with mobile analytics and attribution provider, AppsFlyer.

The integration is the result of a partnership between the two companies that will enable Poq mobile app clients to rapidly scale their app commerce marketing efforts and drive more effective customer acquisition and retention campaigns for their apps.

Developing, delivering and measuring app marketing campaigns can be challenging for retailers, where visibility of downloads and in-app interactivity attribution is limited. In addition, the ability to ‘deep link’ customers straight back into the app from any channel can be resource-intensive to maintain.

By integrating the AppsFlyer software development kit (SDK) onto the Poq platform, joint clients will gain greater insights into how their mobile apps are performing and driving growth, in comparison to other channels such as mobile web. Beyond measurement and attribution, the AppsFlyer platform is able to offer clients a number of other valuable features, such as ad fraud protection, audience management and uninstall attribution measurement.

Poq’s partnership with AppsFlyer comes at a vital time for retailers, where app shopping growth is forecast to outstrip web-based channels as a result of an accelerated shift to digital in the wake of the COVID-19 pandemic. It also comes as Poq released a number of complimentary ad-tech solutions last year that have allowed its clients to effectively run customer acquisition and retention campaigns on Apple Search Ads, Google App Campaigns and Facebook.

This standard platform integration will enable all Poq customers to use the AppsFlyer deep-linking solution (OneLink) and its Smart Banner Feature, as well as kickstart attribution campaigns. As retail mobile app marketing strategies develop in sophistication, Poq customers will also have the ability to add paid-for additional features to their pricing plan at any time.

Sheenu Aggarwal, App Marketing Specialist, Poq said: "AppsFlyer is a great partner and, like Poq, has proven success with a number of retailers globally. So, this partnership presents our clients with a massive opportunity to really grow their app commerce business and accurately attribute that success to their apps. The partnership we’re launching is vital for integrating what are becoming increasingly lucrative apps into the overall digital mix and optimising the customer journey for our retailers."

Russell Burden, Director of Partner Development, AppsFlyer added: With the retail industry changing rapidly, it’s never been more important for marketers to have the tools and data needed to make accurate, better-informed strategic decisions around their mobile marketing campaigns. Through this partnership, we’re able to offer just that, giving retailers the opportunity to quickly and easily get up and running with mobile marketing campaigns, attribution measurement and other insights."

All Poq customers will have access to the benefits and solution of this partnership from early 2021, following the beta launch. Please contact Poq to find out more.

About Poq

Poq is a Software-as-a-Service app platform that empowers retailers to create highly-effective and fully-customized mobile apps that provide a superior shopping experience. These apps allow retailers to build stronger brands, sell more products, deepen customer loyalty and deliver highly relevant content, communications and rewards. Poq clients include global brands and retailers such as; Belk, Holland & Barrett, Feelunique, Missguided, Hotel Chocolat, Kurt Geiger, M&Co and more.

To learn more, visit poqcommerce.com.

About AppsFlyer

AppsFlyer, the global attribution and marketing analytics leader, empowers marketers to grow their business and innovate with a suite of comprehensive measurement solutions. Built around privacy by design, AppsFlyer takes a customer-centric approach to help 12,000+ brands and its marketplace of 8,000+ technology partners make better business decisions every day, while delighting their end-users.

To learn more, visit appsflyer.com.

Press contacts

Poq: Charlotte Simons-Dukes, e: charlotte.simons-dukes@poqcommerce.com, +44(0)20 3794 4120

AppsFlyer: Francesca D’Arcy-Orga, email: francesca.d@appsflyer.com, +44(0)20 3318 8649

 

Related Links :

Poq: Native Mobile App Platform
PR Newswire

Dada Group’s JDDJ Releases White Paper Discussing On-Demand Consumption of Mobile Phones

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More Than 6,000 Electronics Stores Launched on JDDJ as of December 2020

Mobile Phones Become One of the Most Important Opportunities in On-Demand Retail

BEIJING, Jan. 13, 2021 — Dada Group (Nasdaq: DADA) ("Dada" or the "Company"), China’s leading local on-demand delivery and retail platform, is pleased to announce that JDDJ’s Data Research Institute today released its 2020 White Paper, "On-demand Consumption of Mobile Phones." The White Paper states that as digital transformation brings new sales engines for electronics stores and establishes online service standards, mobile phones have become the category with the most potential in the field of on-demand retail, outside of fresh food and groceries.

JD Daojia ("JDDJ"), the local on-demand retail platform of Dada Group, collaborates with electronics stores to promote online purchases of mobile phones across the country. JDDJ achieved a new milestone at the end of 2020 with more than 6,000 online electronics stores and 150 partner dealers on the platform. As a result, the mobile phone category was the fastest-growing category for JDDJ in 2020.

Huijian He, the Vice President of Dada Group, said, "Mobile phones offer the most promising opportunities for growth in the age of on-demand retail. With the vision of ‘Bringing People Everything on Demand’, JDDJ has expanded its presence in lower-tier cities and seeks to collaborate with more electronics stores, bringing its convenient one-hour delivery service to a growing consumer base."

The White Paper notes that more than 90% of consumers choosing JDDJ are attracted by its one-hour delivery service. Consumers prefer JDDJ’s one-hour delivery rather than standard overnight or next day shipping options. To ensure the safety of high-value orders, Dada Now, the local on-demand delivery platform of Dada Group, selects specially qualified riders who have undergone training through the Dada Now smart logistics system.

Additionally, the average delivery time for mobile phones in 2020 was cut by 17% compared with 2019, with the fastest order was delivered in a mere 10 minutes. The combination of speed, security and steadily improved efficiency has resulted in high customer satisfaction, and 84% of consumers report being satisfied with the one-hour delivery service. The White Paper also notes that JDDJ has extended its mobile phone business to Harbin, Heilongjiang Province in the north;to Haikou, Hainan Province in the south; and to Lincang, Yunnan Provence in the west.

JDDJ and JD.com began their in-depth partnership to create an omni-channel fulfillment program in 2020, building an extensive online and offline retailing ecosystem for one-hour delivery. The partnership enables users who place an order on JD.com to receive the product from nearby stores on JDDJ’s platform and enjoy Dada Now’s home delivery service. The partnership has been successful so far, and according to JDDJ’s data, sales through JD’s omni-channel fulfillment program on 12.12 event were twice of that on 11.11 event in 2020.

"Dada Group is an important partner for JD’s omni-channel strategy," said Daniel Tan, President of JD Retail’s Mobile Business Unit. "JD Mobile and JDDJ have created a micro e-commerce shopping ecosystem that not only helps retailers improve their efficiency, but also gradually changes consumers’ online consumption habits. Together, we can harness the advantages of our combined supply chain logistics technologies and knowledge to get back to what’s most important in e-commerce: direct contact with consumers."

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

Dada Group’s Jun Yang: On-Demand Delivery Empowers Local Retail by Cutting Costs and Improving Efficiency

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SHANGHAI, Jan. 8, 2021 — Dada Group (Nasdaq: DADA) ("Dada" or the "Company"), China’s leading local on-demand delivery and retail platform, today announced that Jun Yang, Dada’s Co-Founder, Director and Chief Technology Officer, attended and delivered remarks at China Federation of Logistics & Purchasing’s ("CFLP") 2020 China E-Commerce Logistics Conference in Shanghai.

Dada Group’s Jun Yang delivered a keynote speech at CFLP’s China E-commerce Logistics Conference
Dada Group’s Jun Yang delivered a keynote speech at CFLP’s China E-commerce Logistics Conference

CFLP is the only social organization in the logistics industry approved by the State Council in China, and is authorized by the government to perform functions in foreign affairs, science and technology, trade statistics and standards drafting and revising. CFLP’s mission is to promote the innovation and development of Chinese logistics and supply chain technologies.

At the 11th annual "China E-Commerce Logistics Conference" hosted by CFLP, representatives from governments, associations, media and business shared their thoughts about innovation and ways to promote the sustainable development of the logistics and on-demand delivery industry. Mr. Yang delivered a keynote speech entitled "Efficiency First: How On-Demand Delivery Empowers Local Retail." He discussed the rapidly increasing demand for online retail and the explosive growth of store-to-person and person-to-person delivery in product categories including supermarkets, fresh vegetables, medicine, pick-up and retail services. He also explained how Dada Now, the local on-demand delivery platform of Dada Group, empowers retailers by cutting costs and improving efficiency.

"Efficiency is a crucial driver for the development of the on-demand logistics industry," said Mr. Yang. "Dada Now plays an important role in improving efficiency and shaping the sustainable development of the industry, and as a partner to many brands and retailers, Dada Now is committed to exploring new opportunities to strengthen its platform and technology."

Dada believes that in the age of on-demand retail, each brick-and-mortar store needs a system for customized order fulfilment. This requires delivery platforms to instantly match the capacity, supply and demand based on the store situation. To meet this need, Dada Now has established a "crowdsourcing and stationed" capacity model, in which Dada Now uses big data to not only dynamically match crowdsourcing capacities and mixed capacities for delivery, but also account for factors such as time of day, intensity of demand and order type to ensure timely delivery. According to Dada’s data, stores that adopt this customized mixed capacity model are 10-20% more efficient at delivering orders – saving them both time and money.

In addition, Dada Now also offers a premium "Dedicated Delivery" service, which provides stores all-round operational support services, including customer service response, data analysis and personnel support. Partners also have the option to request specially trained riders who must complete a training and pass an evaluation before being permitted to process the store’s orders.

Dada pays close attention not only to its partnered stores and products, but also to the quality of its riders. Since the first half of 2020, Dada Now has used a smart logistics system and big data to identify riders with high performance. These elite "Credit Riders" then become the main candidates to deliver high-value products orders, such as digital goods, mobile phones, documents, invoices and wine.  

At the conference, Dada Group also received the annual "Safety Management Award," and Dada Now’s Credit Riders program won the "Innovative Practice Award." Can Deng, Dada Now’s Logistics Manager at the Wuhan station, was honored as "Anti-Epidemic Pioneer" by CFLP.

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

Ruten Japan 2020 year end promotion with best buy items & Omiyage

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TOKYO, Jan. 8, 2021 — Ruten Japan features the best-selling items from its website last year and the latest 2021 products in Japan for the "2020 Year End Best Buy" promotion to reward all customers’ hard efforts throughout 2020. The "2020 Year End Best Buy" campaign mainly promotes eight categories of items such as cosmetics, name-brand products, video games, snacks to global customers on Ruten website. In the meanwhile, Ruten Japan offers free international shipping service when purchasing over US$50. During this difficult time with pandemic, Ruten Japan has everyone’s back.

Ruten Japan 2020 year end best buy promotion recommend hot deals & Omiyage
Ruten Japan 2020 year end best buy promotion recommend hot deals & Omiyage

The demand for online shopping is on the rise. Ruten Japan’s CEO, Yun Su pointed out that due to the 2020 pandemic, global customers have more demands on internet shopping. In the meanwhile, it also elevated the waves of cross-national online shopping. By offering free international shipping service when purchasing over US$50, Ruten Japan has given its customer the best free shipping deal. Hence, Ruten Japan has the advantage of having over 60 million Japanese products. This advantage can satisfy global shoppers’ thirst for various Japanese items. Ruten Japan is dedicated to providing more diverse and higher quality Japanese products to customers around the globe.

In addition to the eight recommended categories, Ruten Japan also launched a large collection of well-known Japanese Omiyage brands. Based on the budgets of its global customers, Ruten Japan recommended limited Omiyage items within three different price ranges. Those items included crackers from Akai Bohshi, Gaufres from Tokyo Fugetsudo, affordable gift packages from Kitakaro, LeTAO, high-end packages from Ginza Sembikiya, Cigare rolls from Yoku Moku, coffee, tea and other assorted items available for customers. For customers who want to deliver gift packages for friends or for themselves straight from Japan, Ruten Japan is the most direct and convenient choice.

"2020 year end Best Buy"
https://en.ruten.co.jp/campaign/20201229

"Japan’s Most Popular Omiyage"
https://en.ruten.co.jp/campaign/0108

Ruten Japan
https://en.ruten.co.jp/

Note: Ruten Japan’s designated 13 delivery countries and regions are: Singapore, Hong Kong, Vietnam, Taiwan, Canada, New Zealand, England, Indonesia, Macau, Malaysia, Philippines, Thailand, and Korea 

PR Newswire

Poq Appoints Jay Johnston as New Chief Executive Officer

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Leading SaaS-based mobile app commerce provider announces the promotion of its Chief Technology Officer to Chief Executive Officer in order to drive the business forward in its next phase of growth

LONDON, Jan. 8, 2021 — Leading Software-as-a-Service (SaaS) app platform Poq has today announced the appointment of Poq Chief Technology Officer (CTO), Jay Johnston, to the role of Chief Executive Officer (CEO).

The new leadership appointment is effective immediately and sees Johnston take over the CEO role from Poq’s co-founder, Øyvind Henriksen; Henriksen will continue to play an active role in platform roadmap and product development as Senior Vice President of Product Strategy.

"Jay is a leader in every sense of the term, and has done a great job in the executive team ever since he joined Poq. I’m delighted that he’s now stepping up to take the reins of the company," Henriksen said. "Jay also has a strong understanding of the entire business, is loved by the team and well respected by our clients. Moreover, Poq is in an excellent position to capitalise on the accelerated growth of ecommerce and, with his leadership, we can rise to the occasion and importantly help our clients seize the opportunities ahead."

Johnston stated: "I am both delighted and humbled to accept the role and the responsibility of leading the great team we have at Poq. We achieved much to be proud of in 2020, and the scene is set for an even more exciting and ambitious year in 2021. I look forward to building on these strong foundations in order to create a clear framework for the company’s vision, plan, targets and accountabilities that will capture our growing ambitions and harness the opportunity to further grow our success in helping our clients create best-in-class mobile commerce apps."

In addition, Johnston will join the Poq board, together with Euan Menzies, who also joined the company in 2018 and serves as Chief Financial Officer.

Speaking on behalf of the board, Jonathan McKay, Poq’s Chairman, said: "Poq has just achieved another year of solid growth, despite the unprecedented challenges presented by Covid-19. Jay brings with him the kind of operational, communications and leadership skills that we are convinced will deliver further success for both Poq and its customers going forward. We also look forward to capitalising on the huge opportunities ahead with both Jay and Euan as newly appointed members of Poq’s board, especially as 2021 will be such a pivotal year for mobile."

About Poq

Poq is a Software-as-a-Service app platform that empowers retailers to create highly effective and fully-customised mobile apps that provide a superior shopping experience. These apps allow retailers to build stronger brands, sell more products, deepen customer loyalty and deliver highly relevant content, communications and rewards. Poq clients include global brands and retailers such as; Belk, Cotton On, francesca’s, Feelunique, Missguided, Hot Topic, Kurt Geiger and more. To learn more, please visit poqcommerce.com.

__________
Notes to the editor

Press contact
Poq: Charlotte Simons-Dukes, e: charlotte.simons-dukes@poqcommerce.com, t: +44 (0) 203 794 4120

 

PR Newswire

AirPay FinTech expands eCommerce partnership with UnionPay and launches Alipay campaign with high-end retailers in Australia

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  • eCommerce merchants can accept UnionPay Online Payment via AirPay FinTech, with extra Chinese marketing support
  • Black Diamond campaign is well accepted by shoppers during Boxing Day

MELBOURNE, Australia, Jan. 7, 2021 — Australia marketing & payment service provider AirPay Financial Technologies "AirPay FinTech" announces eCommerce partnership with UnionPay, a leading international payment network, to offer UnionPay Online Payment in Australia.

In June 2020, AirPay FinTech first launched its UnionPay QR code acquiring services in Australia. UnionPay QR code payment is accepted at over 29 million merchants in mainland China and is accepted in 33 countries and regions outside mainland China.

Co-founder of AirPay FinTech Simon Tse said, "In response to the growing demand for online payment & Chinese marketing services, we have further expanded UnionPay partnership to eCommerce landscape."

"We had a joint venture, ToPay, with leading media group Today Australia last year, and we foresee more strategic partnership, merging & acquisition in 2021," said Tse.

Co-founder of ToPay Stanley Yan said, "We are thrilled to integrate UnionPay Online Payment into our ToPay bill payment product. UnionPay is a popular payment method for overseas Chinese students, providing them a simple and convenient way to pay for tuition fee & everyday bills."

"We look forward to launching UnionPay Online Payment onto new eCommerce platform Umall," said Yan.

In December, AirPay FinTech partnered with Alipay to launch "Black Diamond" campaign to key luxury retailers. Black Diamond is the most privileged membership category within Alipay. By scanning a unique QR code, Alipay users can redeem the best exchange rate offered by Alipay. The campaign is well accepted by Chinese shoppers during Boxing Day.

About AirPay Financial Technologies

AirPay FinTech provides one-stop marketing & payment services for merchants to better communicate with Chinese consumers via marketing, media and payment intelligence. Retail clients include Gucci, YSL, BV, Balenciaga, Alexander McQueen, Givenchy, Valentino, MaxMara, Moncler, Off-White, Harrolds, Marais, Mulberry, Furla, Victoria’s Secret, BrasNthings, Adidas, Champion, Glue Store, Sneakerboy, Culture King, AliceMcCall, Aje, etc.

AirPay FinTech offers Shopify & AsiaPay online payment plugins for online retailers.

About ToPay

ToPay is an app-based bill payment product powered by AirPay FinTech and is embedded within Today Australia app.

Along with the strategic partnership with Gobbill, ToPay is selected as one of the finalists in Finnie Awards 2020.

Related Links :

https://www.airpayfintech.com/

PR Newswire

AsiaPay partners with Zip for buy-now-pay-later payment

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SYDNEY, Jan. 5, 2021 — AsiaPay, the leading digital payment service and technology player in Asia, is pleased to offer merchants in Australia the ability to accept digital mobile wallet payment via Zip, with a simple, secure, and private way to pay that’s fast and convenient.

Zip is a leading player in the digital retail finance and payments industry, offering point-of-sales credit and digital payment solutions. Zip is focused on offering transparent, responsible and fairly priced solutions to consumer’s and SME’s.

This relationship allows AsiaPay to provide a holistic integrated digital payment processing service for eCommerce and digital merchants across Australia. Zip users will experience increased acceptance at these merchants in the local markets, providing consumers with a "buy now and pay later" installment service for their ePurchases by offering Zip as an alternative payment option.

"This strategic agreement will bring more flexible payment methods and excellent consumer experience to customers," said Joseph Chan, CEO of AsiaPay. "In this new era of digital globalization, digital innovation and disruption change the way we live and do business. There is continued merchant demand for a complete integrated payment acceptance solution across prevailing payment methods to optimize sales conversion and better serve the customers globally especially in digital channel payments. We are honored to work with Zip to provide its users with greater payment convenience and acceptance at digital merchants of AsiaPay throughout Asia.”

About AsiaPay

Founded in 2000, AsiaPay, a premier electronic payment service, and technology player strive to bring advanced, secure, integrated, and cost-effective electronic payment processing solutions and services to banks, corporate and e-Businesses in the worldwide market, covering an array of international credit card, debit card, prepaid card, netbanking, eWallet, and QR, as well as cash collection.

AsiaPay is an accredited payment processor and payment gateway solution vendor for banks certified ISO and PF for serving merchants, certified international 3-D Secure vendors for Visa, MasterCard, American Express, and JCB. AsiaPay offers its variety of award-winning payment solutions that are multi-currency, multi-lingual, multi-card, and multi-channel, together with its advanced fraud detection, payment analytic, and management solutions.

Headquartered in Hong Kong, AsiaPay offers its professional ePayment solution consultancy and quality local service support across its other 15 offices in Asia including Australia, New Zeland, Thailand, Philippines, Singapore, Malaysia, Mainland China, Taiwan, Vietnam, Indonesia and India. For more information, please visit www.asiapay.com.au and www.paydollar.com.au

About Zip

Zip is a safe, simple and interest-free account, offering you the ability to buy now and pay later, on your terms. Zip is ASX listed under Zip Co Limited (ASX: Z1P), with head office operations based in Sydney, Australia. Our mission is to make finance fairer for everyone. For more information, please visit https://zip.co/

Related Links :

http://www.asiapay.com.au

PR Newswire

Blue Hat Announces Further Growth of Xunpusen Following Company’s Strategic Acquisition in 2020

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Subsidiary Reported RMB30 million (USD $4.5 million) in First Four Months; Expects Additional Contracts in Early 2021

XIAMEN, China, Jan. 4, 2021 — Blue Hat Interactive Entertainment Technology ("Blue Hat" or the "Company") (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced that the Company’s operating subsidiary, Xunpusen Technology Co., Ltd. ("Xunpusen"), generated approximately RMB30 million (approximately USD $4.5 million) in revenue in the first four months of operation.

Since its acquisition earlier this year, the Company has continued to develop and utilize Xunpusen’s mobile marketing and hosting expertise to both support and grow Blue Hat’s traditional mobile and gaming business while seeking new channels to expand the Company’s customer base and leverage relationships. 

Xunpusen recently signed a cooperation agreement with China Mobile Communications Group Guangdong Co., Ltd. ("China Mobile") for a series of telecom value-added service and Internet Data Center ("IDC") contracts. IDC is a place to host a group of hosting enterprises, merchants, or web servers, an infrastructure on which models of e-commerce operate securely, and a platform to support businesses and their business alliances in implementing value chain management for their distributors, suppliers and customers.

Specifically, these IDC agreements can enable larger companies to promote and sell products using Xunpusen’s expertise in message marketing and integrated solutions. Following the agreement with China Mobile, both companies have worked to secure agreements from larger multi-national companies in addition to Blue Hat’s existing product portfolio.

The Company believes that Xunpusen’s contribution to revenue could potentially be in excess of RMB100 Million (USD $15.6 million) on an annualized basis.

Mr. Xiaodong Chen, CEO of Blue Hat, stated, "We are very pleased with the development of Xunpusen. Initially, our goal was to utilize direct marketing and sales techniques to further our relationships with larger companies and increase sales of Blue Hat’s core product portfolio. The deployment of 5G technology, coupled with the acceleration of mobile utilization throughout 2020 has also created opportunities in the internet data center business. We expect that the recent agreement with China Mobile will lead to further agreements due to the surge in data volume and the strong downstream demand. We will keep investors closely apprised of our progress."

About Blue Hat

Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games, and toys with mobile game features. The Company’s interactive entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com. The Company routinely provides important information on its website.

Forward-Looking Statements 

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company’s SEC filings. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements.

Contacts:

Blue Hat Interactive Entertainment Technology

Phone: +86 (592) 228-0010

Email: ir@bluehatgroup.net

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.bluehatgroup.com

PR Newswire

Dada Group Leads in One-Hour Delivery as Chinese E-Commerce Grows Amid the Pandemic and Beyond

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Service Benefits Brands, Retailers and Consumers in First through Fourth Tier Cities

SHANGHAI, Jan. 4, 2021 — Dada Group (Nasdaq: DADA) ("Dada" or the "Company"), China’s leading local on-demand delivery and retail platform, is offering one-hour delivery to customers across China. Since the onset of COVID-19, the e-commerce industry in China has grown significantly and an increasing number of consumers prefer to have goods delivered directly to their home. Today, as COVID-19 restrictions are eased and consumers begin to return to normal shopping habits, this preference for on-demand consumption remains unchanged.

Dada Group developed its on-demand retail services over the past 6 years, empowering and creating value for its partners. Dada Group’s 2020 third quarter financial report shows its geographical and category expansion, as well as the Company’s growing number of partnerships. Philip Kuai, Dada Group’s Founder, Chairman and CEO, noted in an interview with Bloomberg TV in October last year that the home delivery services provided by Dada Group have been expanding in recent years, with COVID-19 as a catalyst.

Dada Group has a presence in first through fourth-tier cities and consumption patterns in lower-tier cities are different from those in first-tier cities. Consumers in lower-tier cities tend to have lower incomes, but face minimal pressures from housing loans and living expenses. Price-sensitive consumers also seek quality products and young people in lower-tier cities have spending power like those in first and second-tier cities.

JDDJ, Dada’s on-demand retail platform, partners with more than 100,000 merchants nationwide to provide high-quality products, ensuring consumer demand across a variety of categories. Dada Now, Dada’s local on-demand delivery platform, offers one-hour delivery services for high-quality goods to consumers in lower-tier cities.

According to Bain & Company and Tencent Smart Retail’s report "Turning COVID-19 into Opportunity and Acquiring Customers: Construction of Self-Controlled Traffic Platform of Brands," consumer behavior in the wake of COVID-19 shows a trend toward "going online." China Securities pointed out in its research report that as the on-demand delivery industry grows, we usher in an era of everything being delivered to the home. Consumers have developed a habit of shopping online, and many consumers choose "home delivery business" for fresh food and daily necessities, helping retailers and brand owners attract customers and ensure repeated orders.

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

Xiaobai Maimai Announces the Closing of P2P Disposition Agreement

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BEIJING, Dec. 30, 2020 — Xiaobai Maimai Inc. (NASDAQ: HX), formerly known as Hexindai Inc. ("Xiaobai Maimai", the "Company", or "we"), a social e-commerce platform in China, today announced the closing of the assignment and assumption agreement dated December 16, 2020, by and among Beijing Hexin Yongheng Technology Development Co., Ltd. ("Hexin Yongheng"), a wholly-owned subsidiary of the Company, Kuaishangche Automobile Leasing Co., Ltd. ("Kuaishangche"), a company not directly associated with the Company but controlled by Mr. An, the CEO and Chairman of the board of directors of the Company, Hexin E-Commerce Company Limited ("Hexin E-Commerce"), and individual shareholders of Hexin E-Commerce ( the "Agreement"). The closing of the Agreement took place on December 30, 2020. Prior to the closing, Hexin Yongheng had assigned and transferred to Kuaishangche the control over Hexin E-Commerce, and Kuaishangche had delivered the assignment consideration of RMB 5 million to Hexin Yongheng (the "Disposition"). As a result of the Disposition, Kuaishangche has become the primary beneficiary of and controls Hexin E-Commerce, and has assumed all assets and liabilities of Hexin E-Commerce and its subsidiaries, excluding any of its rights, titles, interests or claims in Wusu Hexin Yongheng Commercial and Trading Co., Ltd. ("Wusu Company"), which remains as the Company’s consolidated variable interest entity.

The Company launched its social e-commerce platform in May 2020 as a new business line. After the Disposition, the Company will continue to develop and invest in its social e-commerce business to take advantage of China’s fast-growing e-commerce industry.

Mr. Xiaobo An, Founder, Chairman and Chief Executive Officer of Xiaobai Maimai, commented, "We are encouraged by the solid progress we have made to fully transform our business into a social e-commerce platform – Xiaobai Maimai. We will continue to improve the product and service offerings on Xiaobai Maimai to cater to the ever-changing demands of consumers, and at the same time continue to explore new business opportunities to tap into the huge potential of social marketing and e-commerce in China."

About Xiaobai Maimai Inc.

Xiaobai Maimai Inc. (NASDAQ: HX), formerly known as Hexindai Inc., ("Xiaobai Maimai" or the "Company"), is a social e-commerce platform based in Beijing, China. The Company collaborates with domestic e-commerce platforms and offers users a wide selection of high-quality and affordable products on its social e-commerce platform. Leveraging its cooperation with mainstream e-commerce platforms and services marketplaces, and its data analytics algorithm and operating system, the Company continues to identify and introduce cost-efficient products and attract users to its platform and generate higher user satisfaction to realize the platform’s fast growth.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the Company’s goals, strategies and expansion plans; its future business development, financial condition and results of operations; its ability to attract and retain new users and to increase revenues generated from repeat users; its expectations regarding demand for and market acceptance of its products and services; its relationships and cooperation with e-commerce platforms and services marketplaces; trends and competition in China’s e-commerce market; the expected growth of the Chinese e-commerce market; Chinese governmental policies relating to the Company’s corporate structure and the e-commerce industry; and general economic conditions in China. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law.

For more information, please visit ir.xiaobaimaimai.com

For investor inquiries, please contact:

The Company

Investor Relations
Ms. Zenabo Ma
Email: ir@xiaobaimaimai.com

Christensen

In China
Mr. Eric Yuan
Phone: +86-10- 5900-1548
E-mail: Eyuan@christensenir.com

In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com

Related Links :

https://ir.xiaobaimaimai.com/