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PR Newswire

Rokt appoints CFO, Deputy CFO & Chief People Officer to prepare for next stage of growth

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E-commerce tech company continues to invest in strengthening the executive team with appointment of new CFO, Michael Gordon, Deputy CFO, Laura Mineo and Chief People Officer, Lisa Craven

NEW YORK, July 13, 2020 — Rokt, the global leader in e-commerce marketing technology, today announced that their vision to make e-commerce smarter, faster and better is further strengthened with the appointment of former Greenlit Brands executive, Michael Gordon, Goldman-Sachs alumni, Laura Mineo and leadership executive, Lisa Craven in the roles of Chief Financial Officer, Deputy Chief Financial Officer, and Chief People Officer respectively. Gordon and Mineo will oversee the finance and legal operations of the business, working closely with CEO, Bruce Buchanan and the board of directors to manage the continuing  acceleration of global growth. Craven will oversee people operations, learning & development and recruitment, signaling Rokt’s ongoing commitment to investment in its 225+ group of employees.

Rokt welcomes former Greenlit Brands executive, Michael Gordon, Goldman-Sachs alumni, Laura Mineo and leadership executive, Lisa Craven in the roles of Chief Financial Officer, Deputy Chief Financial Officer, and Chief People Officer respectively.
Rokt welcomes former Greenlit Brands executive, Michael Gordon, Goldman-Sachs alumni, Laura Mineo and leadership executive, Lisa Craven in the roles of Chief Financial Officer, Deputy Chief Financial Officer, and Chief People Officer respectively.

Gordon, who was previously Group CFO and MD of Group Services for Greenlit Brands Pty Limited in Australia & New Zealand, was instrumental in guiding the business from a turnover of USD$170m to a USD$1.65 billion vertically integrated retailer including the brands Freedom, Snooze, Fantastic, Plush, OMF, Best & Less and Harris Scarfe.

Mineo joins the Rokt team from Goldman Sachs in New York, where she most recently served as Executive Director, Firmwide Strategy. Mineo brings invaluable experience across mergers and acquisitions and capital markets across multiple industries and geographies. Mineo will take on the role of SVP Strategy in addition to her role as Deputy CFO.

Craven, who was previously consulting for Rokt, has an extensive career in leadership development, organizational design, people and culture initiatives, diversity & inclusion and human resources. Previously Global Chief People Officer at Sizmek, Craven has also served as a lecturer at Macquarie University, Janice Newman Institute and Drew University. Craven brings experience leading large-scale global teams in organizational effectiveness, and will use this to help drive a culture that attracts, and retains the best, and brightest talent.

“We are delighted to welcome Michael, Laura and Lisa to the Rokt executive team” said Rokt CEO, Bruce Buchanan. “In Michael & Laura, we are incredibly lucky to have two individuals with such strong expertise and a deep understanding of financial operations join at a pivotal time for the company. As we now target the next growth arc from ARR$100m to $1b, Gordon and Mineo’s global experience and knowledge of both private and publicly listed businesses will enable us to double down on our preparedness for scalability and the financial events we will consider on our trajectory.

Buchanan continued, “As a people first organization, Lisa is one of our most pivotal hires. Her expertise in organizational effectiveness and leadership development will be crucial in further deepening  our people first culture, and helping us scale as we grow our business and look to continue to accelerate our recruitment across the globe.

“Rokt has quickly cemented their position as the leading technology company in e-commerce marketing and is poised to have even more significant global impact through continued innovation in research and development.” said Gordon. “I am excited to be joining such an inspirational business and look forward to working alongside the executive team to help drive this company through to the next stage of growth.”

“In what has been such an unprecedented year, it’s exciting to see a company such as Rokt thriving and innovating to keep up with, and exceed their clients’ needs.” commented Mineo. “During times of agility, financial rigor and strategic direction is more important than ever. I’m excited to come on board and help take this company to new heights of success.”

“Having spent some time recently with Bruce, and the wider executive team at Rokt I was delighted at having the opportunity to join the team in a full time capacity.” added Craven. “Rokt has embraced the people first mentality, pushing forward initiatives to ensure their values and culture are at the heart of every decision they make. I look forward to coming on board to amplify Rokt’s already significant investment in its greatest asset – it’s people.”

Rokt, who recently closed US$48m in their Series C investment round, has transformed e-commerce in over 11 countries by identifying that when customers are buying online as a consumer or on behalf of a business, they increasingly expect more personalized and relevant experiences. Rokt’s proprietary technology, machine learning and AI makes e-commerce smarter, faster and better. By unlocking the hidden potential in every single Transaction Moment™, Rokt enables clients to stay ahead of their competition, and deliver a more relevant customer experience. Rokt currently solves complex e-commerce challenges for global clients including Live Nation, Staples, Groupon, GoDaddy, Expedia and Wells Fargo.

For more information on Rokt, please visit rokt.com.

For more information on the announcement, please contact press@rokt.com.

ABOUT ROKT

Rokt makes e-commerce smarter, faster and better. When customers are buying online, they increasingly expect more personalized and relevant experiences. Rokt uses real time data and decisioning to deliver the next best action for each person in each Transaction Moment™.

Founded in Sydney, Rokt now operates in the US, Canada, UK, France, Germany, Australia, New Zealand, Singapore, The Netherlands, Spain and Japan. Our clients include Live Nation, Staples, Groupon, GoDaddy, Expedia, Wells Fargo, Vistaprint and HelloFresh. 

Rokt unlocks the hidden potential in every single Transaction Moment™.

Learn more at rokt.com.

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PR Newswire

“Hong Kong E-commerce Development Summit” & “E-Commerce Youth Entrepreneurship Scheme” drives e-commerce development in Hong Kong and promotes youth entrepreneurship

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HONG KONG, July 10, 2020 — Co-hosted by Guangdong Hongkong and Macau Youth Enterpreneurship Incubator, together with the Hong Kong eCommerce Research Centre, and organized by Bonjour Technology, the "Hong Kong E-commerce Development Summit" & "E-Commerce Youth Entrepreneurship Scheme" was officially launched today at Bonjour Group Centre in Bonjour Tower. The "Hong Kong E-commerce Development Summit" discussed how the converging of capital flow, logistic flow and data flow empower the e-commerce industry to become the main driving force of Hong Kong’s future economic development and young entrepreneurship. "E-Commerce Youth Entrepreneurship Scheme" also kicked off today, aiming to encourage and assist university students in Hong Kong to kickstart their own career in e-commerce without any costs; and to promote the development of e-commerce in Hong Kong.

Hong Kong E-commerce Development Summit

The Summit gathered the e-commerce industry’s top-level professionals, including the representatives of six e-commerce associations, namely Hong Kong Federation of E-commerce, Hong Kong Entrepreneurs Association, Hong Kong Internet and e-Commerce Association, Hong Kong Federation of E-commerce, Hong Kong Cross-border E-commerce Association and Hong Kong Blockchain Industry Association, as well as representatives from leading e-commerce enterprises including Alibaba, Tencent, JD, eBay and Google, to discuss how the synergy of capital flow, logistic flow and data flow empowers the e-commerce industry and capitalizes Hong Kong’s traditional advantages to build a successful e-commerce service system in the Greater Bay Area. The Summit also focused on how e-commerce becomes the main driving force of Hong Kong’s future economic development, how new technologies and new economies promote the development of traditional local enterprises, as well how enterprises benefit from e-commerce to encourage young entrepreneurs. The Summit aimed to strengthen the local enterprises’ understanding on e-commerce and further drive the development of the retail industry.

E-Commerce Youth Entrepreneurship Scheme

The Scheme was hosted by Guangdong Hongkong and Macau Youth Enterpreneurship Incubator, and organized by Bonjour Technology, aiming to at nurture young local e-commerce entrepreneurs and enhance the development of e-commerce in local businesses. The Scheme will take on 1,000 Hong Kong university students. Students who are interested in the scheme can apply online starting from today (see attached QR Code) and will have the opportunity to develop their own e-commerce businesses on the systematic and comprehensive sales platform established by Bonjour Technology. Bonjour Technology invested approximately HK$50 million to provide professional trainings and assist participants to start their own businesses with ease so as to enhance the development of e-commerce in local businesses

Mr. Clement J W CHEN, JP, Honorary Chairman of Guangdong Hongkong and Macau Youth Enterpreneurship Incubator, said: "The development of e-commerce has become a new trend. We hope to bring innovative business opportunities to the young generation. By providing various resources and trainings on our platform, we aim to nurture a group of e-commerce entrepreneurs. We encourage the youngsters to take on challenges and grasp the opportunity to join this E-Commerce Entrepreneurship Scheme, with a hope to drive e-commerce development in Hong Kong and act as a catalyst to  the development of Hong Kong’s e-commerce enterprise ecosystem."

PR Newswire

COOCAA to Kick off Grand Promotion on LAZADA in the Philippines, Offering Huge Benefits to Customer

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MANILA, Philippines, July 10, 2020 — COOCAA is about to kick off its mid-year promotion campaign on LAZADA, an e-commerce platform in Southeast Asia, on July 15th. Through diversified marketing approaches, COOCAA is going to provide Filipino consumers with a wide range of shopping benefits and brand-new audio-visual experiences at home.

For this grand promotion, COOCAA recommends 50S6G and 55S3N to Filipino consumers. As star products of COOCAA, these two models feature superior configuration and functionality.

Among them, 50S6G is a high-end TV product, which breaks the visual and audio borders with an infinity screen design, 4K Dolby high-definition image quality and DTS surround sound configuration, allowing users to enjoy a theater-level experience. Besides, it is equipped with the Android 9.0 system, AI technology, voice control, and ultra-high-definition (UHD) Netflix streaming, YouTube browsing, screen mirroring with other functions, providing users with a smart home life of fashion and technology. (For details, https://bit.ly/2O4gG97)

COOCAA to Kick off Grand Promotion on LAZADA in the Philippines, Offering Huge Benefits to Customer
COOCAA to Kick off Grand Promotion on LAZADA in the Philippines, Offering Huge Benefits to Customer

The 55S3N UHD TV is an extremely cost-effective highlighted new product equipped with the Dolby audio/visual effects, 4K UHD image quality, and DTS surround sound configuration. Thanks to ultra-HD Netflix streaming, YouTube browsing, screen mirroring and other functions, it enables users to enjoy the fun brought by smart TV and brings a more convenient and user-friendly TV watching experience. (For details, click https://bit.ly/31SDiBq)

COOCAA to Kick off Grand Promotion on LAZADA in the Philippines, Offering Huge Benefits to Customer
COOCAA to Kick off Grand Promotion on LAZADA in the Philippines, Offering Huge Benefits to Customer

In addition to these star products it recommends, COOCAA will also unveil multiple smart TV series at this campaign and offer a few shopping benefits including “Share for Discount” to consumers.

On the day of the grand promotion, COOCAA will offer consumers 50% discount vouchers on live streaming as well as commemorative T-shirts, backpacks and other shopping gifts. Eligible consumers will be entitled to COOCAA audio systems. On top of that, COOCAA will randomly pick 715 lucky consumers during the promotion period and present each of them with a COOCAA earbud. Notably, the one who spends the most on that day will be rewarded with a Switch Lite.

With unprecedented discount, generous benefits and prizes, diversified interactions, and super-quality COOCAA smart TVs, the COOCAA July 15 LAZADA Mid-Year promotion will open up unlimited possibilities for users to improve the quality of life and obtain high-end audio-visual experience. What else are you waiting for? Follow COOCAA Store on LAZADA (https://bit.ly/3f8BqIB) or @COOCAA social network now to get more event updates!

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PR Newswire

SpaceTravel to partner with UnionPay, The Embassy of the Republic of Indonesia & Bali Tourism Promotion Board to Bolster Bali Tourism Industry through launch of BUBU App

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Unlocking Post Covid Tourism Potential Through Digital Transformation

BALI, Indonesia, July 10, 2020 — SpaceTravel, UnionPay International, and the Bali Tourism Promotion Board, supported by the Embassy of the Republic of Indonesia in Singapore, yesterday officially kicked off their partnership to offer BUBU, a lifestyle app for tourists in Bali. Singapore-based startup, SpaceTravel, will develop this app as this partnership hopes to embrace digitisation to bolster the Bali tourism industry through its recovery.

This partnership was announced at a webinar yesterday "Digitisation to Unlock Tourism Potential Post-Covid". The event was attended by His Excellency Ngurah Swajaya, the Ambassador of the Republic of Indonesia to Singapore, Mr. Muhammad Neil El Himam, Director for Application & Governance of Digital Economy – Ministry of Tourism and Economy Creative of the Republic of Indonesia, Dr. Putu Saroyini, Vice-Chair Bali Tourism Promotion Board, Mr. Wenhui Yang, General Manager, UnionPay International (UPI) Southeast Asia, Mr .Ping Teck Huat, CEO of SpaceTravel Pte Ltd, and other distinguished guests.  

BUBU is an all in one application that allows tourists to Bali to navigate, book accommodation, transport and look for merchant offers, whilst giving merchants the ability to gain insights about and reward consumers when they spend.

In his opening address, Ambassador Ngurah said that since the pandemic Covid-19, the government has developed and rolled out a comprehensive strategy for the development of the Indonesian Tourism in line with the Cleanliness, Health, and Safety (CHS) protocol.

"The plan to reopen is gradual and emphasizes the importance of developing confident, safety, and quality tourism. Reopening borders has been discussed in the ASEAN context," he said.

Following him, Mr. Neil El Himam shared with attendees several marketing strategies which tapped on digitisation to increase quality tourist visits to Indonesia in the future. This included Indonesia Care, which taps on VR, Big Data, and blockchain to promote virtual, seamless tourism to future tourists to Bali.

"While we don’t hope to replace the in person experience, tourists can now preview what they will be seeing on the trip before they embark on it," he remarked.

Similarly, Dr. Putu Saroyini stressed the use of mobile applications to engage the Chinese tourist market, which accounted for close to 20 percent of the country’s 18,000 daily visitors pre-Covid. Dr. Putu highlighted that the BUBU App taps on the human desire to gain rewards for their actions, which will encourage them to spend while travelling.

"This gamification feature will promote a higher user engagement, which I believe will make it the ideal choice for travellers when they come to Bali," she said.

This was a sentiment echoed by Mr. Ping, who urged offline businesses to be quick in adopting digitisation to reach out to potential tourists while observing safety.

"With the help of local tourism boards and UnionPay, we are able to engage these merchants directly and connect them with potential customers in a contactless and hygienic way," he said.

Mr. Wenhui Yang, General Manager of UPI Southeast Asia further added, "We are pleased to be part of this partnership, to bring more value to our Cardholders, merchant acquirers, and Bali merchants alike.

"This app makes it easier for tourists to not only find their way around Bali, but to easily find and pay for exciting merchant offers when visiting the famed island of the Gods," he said.

In Bali, the province’s success in fighting COVID-19 has resulted in the Indonesian government expressing interest in reopening its door on 11 September 2020. This has caused much excitement for industry players, who see this as an opportunity for business recovery and even growth.

UnionPay is accepted at almost all merchants in Bali now, and in many parts of Indonesia. UnionPay serves the world’s largest Card base of over 8 billion and is one of the fastest growing international payment networks, now accepted in 179 countries and regions.

SpaceTravel also plans to conduct other webinars like best practices for businesses to stay connected to consumers during this challenging time, dialogues with local businesses on how they pivoted to ensure the proper roll-out of the COVID-19 safe distancing measures, and training on tools across the Facebook platform.

Technical support for BUBU is provided by Huawei Cloud.

Related Links :

http://www.unionpayintl.com

PR Newswire

Lemnisk Unveils Significant Platform Enhancements

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Lemnisk releases several significant platform enhancements including probabilistic user data stitching, AI-based recommendations for new business verticals and deeper app and multi-channel personalization capabilities

BANGALORE, India, July 8, 2020 — Lemnisk, the world’s first real-time cross-channel marketing automation system built on an intelligent and secure Customer Data Platform (CDP), today announced the general availability of key features and enhancements to its product offering.

Lemnisk’s platform has been further upgraded this year with various enhancements such as probabilistic user data stitching across adtech and martech and social data sources, AI-based product recommendations, support for retail and e-commerce verticals, as well as deeper app personalization capabilities.

All of these features along with the existing capabilities like Ramanujan, an AI engine to orchestrate single user journeys, are now also available on a new and intuitive user interface that’s winning praise from customers for its ease of use.

The company is committed to building products around the key needs of its customers – acquiring new customers, engaging at scale with existing customers, and driving better RoI from the existing marketing stack and initiatives.

“We have emerged as one of the leading CDP players in Asia and the Middle East. Right from tying up with the biggest bank in UAE to forming a solid relationship with a leading South East Asian insurance brand to signing up India’s largest private bank, we’ve had a very successful run in the market so far. This year, we were also recognized by Forrester Research as a Leading Real-Time Interaction Management (RTIM) provider in its ‘Now Tech: RTIM, Q2 2020’ report,” said Subra Krishnan, CEO, Lemnisk.

Earlier this year, Lemnisk also expanded its support for verticals outside Banking, Insurance, and Financial Services. Customers in Retail, E-Commerce, Travel and Hospitality, and other verticals can also sign up for their acclaimed and proven Customer Data Platform.

“Our goal in 2020 is to effectively use our platform in tackling COVID-19 and the post pandemic digital imperative for our clients. With an AI-powered CDP as the bedrock, real-time marketing automation can transcend to a whole new level for marketers. Lemnisk’s tightly integrated and organic customer data platform can be a single tool that can effectively play the role of a first party DMP, Marketing Automation and Multi-Channel Personalization combined. This can bring significant simplification and cost efficiencies for marketers in the current environment,” added Subra.

About Lemnisk

Lemnisk Customer Data Platform delivers superior customer experiences that result in increased conversions, retention, and growth for enterprises. The key capabilities include:

  • Uniquely resolve a user in real-time across different data sources and channels
  • Create 1:1 personalized experiences for each user across multiple marketing channels
  • Orchestrate individual customer journeys on the right channels at the right time using a proprietary in-built AI engine called Ramanujan

Headquartered in Bangalore, Lemnisk has offices in Singapore, Dubai and Boston. Lemnisk is ISO 27001 and ISO 27018 certified.

Contact:
Rahul Thomas Mathew
Vice President – Marketing and Strategic Partnerships
rahul.mathew@lemnisk.co
+91-70191-82094

PR Newswire

Farmmi Expands Use of Online and Cloud-based Sales & Marketing Platforms to Drive Growth

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LISHUI, China, July 7, 2020 — Farmmi, Inc. (“Farmmi” or the “Company”) (NASDAQ: FAMI), an agriculture products supplier in China, today announced it has been expanding the use of online and cloud-based sales and marketing platforms to drive growth in sales of its Shiitake mushrooms, Mu Er mushrooms, other edible fungi and agricultural products. The Company has attended various online fairs and sales events, such as the Cloud Canton Fair (the Canton Fair held online), the Cloud Live Sales Event held by the Economic and Commercial Bureau of Liandu District, Liandu District Fusion Media Center, and Liandu District Market Supervision Administration, and the 2020 Online Export Agricultural Products Fair held by the Zhejiang Export Agricultural Products Virtual Expo (Global Station). Farmmi also joined the government’s procurement cloud computing service platform The Company’s increased focus on strategically using online marketing tools and platforms is helping to drive sales with new customers and has resulted in multiple additional repeat orders in China, the U.S. and Israel, and other markets worldwide.

Ms. Yefang Zhang, Farmmi’s Chairwoman and CEO, commented, “With the onset of the global COVID-19 pandemic, we quickly prioritized the health and safety of our employees and customers. Temporary business shut-downs, social distancing and the implementation of broader safety measures made traditional marketing based on large gatherings no longer practical. From there we made the strategic decision to upgrade and accelerate our use of digital technology and platforms, and our online and cloud-based sales and marketing efforts. Farmmi has fully embraced and supported the move online for important events like the newly renamed Cloud Canton Fair and the 2020 Online Export Agricultural Products Fair. These sales and marketing platforms are helping us to move additional products online, find new markets, develop new business opportunities, and inject new momentum to further promote the digital transformation of enterprises.” 

Ms. Zhang continued, “We are working to take advantage of online trading, broaden online cooperation channels and increase sales, as we leverage our online, cloud and digital programs to transfer sales channels online through limited promotions, while implementing group purchase discounts and other online marketing programs, ranging from webcasts to intuitive 3D product presentations. We view this as a major driver of future economic growth. We are encouraged by the positive, broad customer support for the new technologies and Cloud-based apps, which allow the customers to communicate and make purchases more efficiently and conveniently, while enhancing their overall buying experience. Over the long-term, we remain committed to maintaining an integrated online and offline presence, innovating our business model, and achieving our fully upgraded digital transformation, as we build value for the Company and shareholders.”

About Farmmi, Inc.

Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a leading agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and many other sought-after agricultural products. The Company’s Farmmi Liangpin Market serves as a global trading platform for Chinese geographical indication agricultural products and is one of the largest platforms for consumers to access locally sourced agricultural products. For further information about the Company, please visit: http://ir.farmmi.com.cn/.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including the potential impact of COVID-19 on our business within and outside of China.  These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

Related Links :

http://ir.farmmi.com.cn/
PR Newswire

BEST Inc. Further Expands its Express Delivery Services in Southeast Asia

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Launches its technology-enabled parcel delivery services in Malaysia, Cambodia and Singapore to address rising e-commerce demand

HANGZHOU, China, July 2, 2020 — BEST Inc. (NYSE: BEST) (“BEST” or the “Company”), a leading integrated smart supply chain solutions and logistics services provider in China, today announced its further expansion into Southeast Asia.

BEST Inc.'s express sortation center in Kuala Lumpur, Malaysia
BEST Inc.’s express sortation center in Kuala Lumpur, Malaysia

 

BEST’s launch of express delivery services in Malaysia, Cambodia and Singapore follows its entry into Thailand and Vietnam last year and marks another significant step forward in the Company’s ambitions to build an efficient logistics network with extensive coverage in Southeast Asia.

 

The Company also announced to elevate its international logistics solutions by launching cross-border services between China and the five markets in Southeast Asia this month.

Johnny Chou, Founder, Chairman and CEO of BEST Inc., said, “We are excited to develop our logistics networks in Southeast Asia, a key focus area of our global strategy. The outbreak of COVID-19 accelerated and amplified consumers’ reliance on e-commerce and created even larger potential opportunities in the region. We are confident that our technology-enabled logistics services and high-quality express delivery options will be a critical service component for both merchants and consumers, during both this difficult period and beyond it.”

By leveraging its asset-light model and successful experience in Thailand and Vietnam, BEST plans to be operating a total of twelve sortation centers and around 400 service stations across Malaysia, Cambodia and Singapore over the next three years. This includes two customized flagship sortation centers in Kuala Lumpur and Phnom Penh that will be equipped with cutting-edge automation equipment, such as high-speed automatic sorting lines and dimension-weight-scanning systems.

According to joint research by Google, Temasek and Bain & Company, with 360 million mobile-savvy Internet users, Southeast Asia’s e-commerce sector is on track to reach US$150 billion by 2025 from US$38 billion in 2019. In order to meet rising e-commerce demands and evolving customer needs, BEST is offering next-day delivery options for major areas of Thailand and same-day deliveries in Ho Chi Minh City and Hanoi in Vietnam. The Company’s total parcel volume from Southeast Asia reached 8.8 million parcels in the first quarter.

BEST is also eyeing opportunities to provide additional services in the region, including supply chain management, freight delivery, and truckload capacity brokerage, with plans to operate in Indonesia and the Philippines in the near future.

SAFE HARBOR STATEMENT

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as BEST’s strategic and operational plans, contain forward-looking statements. BEST 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. Statements that are not historical facts, including statements about BEST’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: BEST’s goals and strategies; BEST’s future business development, results of operations and financial condition; BEST’s ability to maintain and enhance its ecosystem; BEST’s ability to continue to innovate, meet evolving market trends, adapt to changing customer demands and maintain its culture of innovation; fluctuations in general economic and business conditions in China and other countries in which BEST operates, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in BEST’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and BEST does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

ABOUT BEST INC.

BEST Inc. (NYSE: BEST) is a leading integrated smart supply chain solutions and logistics services provider in China. Through its proprietary technology platform and extensive networks, BEST offers a comprehensive set of logistics and value-add services, including express and freight delivery, supply chain management and last-mile services, truckload service brokerage, international logistics and financial services. BEST’s mission is to empower business and enrich life by leveraging technology and business model innovation to create a smarter, more efficient supply chain. For more information, please visit: http://www.best-inc.com/en/.  

 

Related Links :

https://www.best-inc.com/

PR Newswire

Atome Launches ‘Buy Now, Pay Later’ Solution In Singapore

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“Buy now, pay later” checkout option partners 500 retailers at launch, helping local retail industry grow online sales during COVID-19

SINGAPORE, July 1, 2020 — Atome, a leading technology start-up headquartered in Singapore, has launched a “buy now, pay later” solution to support the recovery of Singapore’s retail sector during and beyond COVID-19. As businesses adjust to new consumer trends such as contactless payment, physical safe distancing measures and online shopping, Atome works by splitting bills into three equal, zero interest instalments over time. This is done by either scanning a QR code at a physical shop or choosing Atome during checkout on partner merchants’ websites. Consumer benefits include convenience, increased affordability and greater transparency compared to traditional payment methods like cash or credit cards.

At launch, Atome already partners with 500 merchants, including marquee brands in popular verticals like fashion (Playdress, Lovet, Melissa shoes, Hush Puppies), beauty (Spa Esprit Group, Beauty Emporium, Kimage Salon), home decor (Star Living, Houze), lifestyle (Herschel, Bynd Artisan, Cocomi) and electronics (iStudio, Epic Gear). In the first three months since its soft launch, Atome has seen an 11X growth in gross transaction volume on its platform. Since the circuit breaker started in March, it has also seen a 230 per cent growth in online transactions. 70 per cent of Atome’s customers are millennials aged between 20-40 years old.

Atome’s partner merchants have seen:

  1. 17% average increase in conversions
  2. 30% average increase in order size
  3. Brand exposure through Atome’s mobile app, website, Facebook and Instagram

David Chen, CEO of Atome, said: “The way people shop has irreversibly changed. Retail has irreversibly changed. The shift towards online began before COVID–19 but this has now accelerated.  Businesses have to adapt quickly and find new sources of revenue and new ways to serve existing as well as new customers.  As we’ve seen, having Atome as a checkout option in merchants’ online — as well as physical — stores makes a big difference, especially among digital savvy millennials. It’s a win-win for both retailers and their customers.”

The app is available on the App Store and on Google Play.

About Atome

Founded in 2016, Atome is a subsidiary of ADVANCE.AI, a Series-C big data and AI company headquartered in Singapore which is part of a Temasek-backed consortium applying for Singapore’s digital wholesale banking licence. Atome has helped over 10 million customers gain access to credit throughout Southeast Asia in its vision to create a better life for consumers through greater financial access and technology.

Media contact:

Michael de Waal-Montgomery
Ellerton & Co. Public Relations
Email: michael@ellerton.sg
Mobile: +65 9186 3762

PR Newswire

Trip.com Group Announces Completion of the Put Right Offer for Its 1.99% Convertible Senior Notes due 2025

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SHANGHAI, June 30, 2020 — Trip.com Group Limited (Nasdaq: TCOM) (“Trip.com Group” or the “Company”), a leading provider of online travel and related services, including accommodation reservation, transportation ticketing, packaged tours and in-destination services, corporate travel management, and other travel-related services, today announced that it has completed its previously announced put right offer relating to its 1.99% Convertible Senior Notes due 2025 (CUSIP No. 22943F AH3) (the “Notes”). The put right offer expired at 5:00 p.m., New York City time, on Monday, June 29, 2020. Based on information from The Bank of New York Mellon as the paying agent for the Notes, US$395,240,000 aggregate principal amount of the Notes were validly surrendered and not withdrawn prior to the expiration of the put right offer. The aggregate purchase price of these Notes was US$395,240,000. The Company has accepted all of the surrendered Notes for repurchase and has forwarded cash in payment of the same to the paying agent for distribution to the applicable holders. Following the settlement of repurchase of these Notes, the total number of ordinary shares of the Company on a fully diluted basis will be reduced by 0.9 million shares.

Materials filed with the Securities and Exchange Commission (the “SEC”) will be available electronically without charge at the SEC’s website, http://www.sec.gov. Documents filed with the SEC may also be obtained without charge at the Company’s website, 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

Tuniu Has Regained Compliance with Nasdaq’s Minimum Bid Price Requirement

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NANJING, China, June 29, 2020 — Tuniu Corporation (Nasdaq:TOUR) (“Tuniu” or the “Company”), a leading online leisure travel company in China, today announced that it received a notification letter (the “Compliance Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market Inc. (“Nasdaq”) dated June 26, 2020, indicating that the Company has regained compliance with the Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”) and the matter is closed.

On May 18, 2020, Tuniu received a notification letter (the Deficiency Notice”) from the Nasdaq indicating that the closing bid price for the Company’s American depositary shares (the “ADSs”), each representing three Class A ordinary shares of the Company, was below the minimum bid price of $1.00 required for continued listing under Nasdaq Listing Rule 5450(a)(1) for 30 consecutive business days. According to the Deficiency Notice, if at any time during the tolling period or 180 day compliance period, the closing bid price of the Company’s security is at least $1.00 for a minimum of ten consecutive business days, the Nasdaq will provide the Company written confirmation of compliance and the matter will be closed. According to the Compliance Notice, the closing bid price of the Company’s ADSs has been at $1.00 per ADS or greater for 10 consecutive business days from June 12 through June 25, 2020, and the Company has regained compliance with the Minimum Bid Price Requirement and the matter is closed.

About Tuniu

Tuniu (Nasdaq:TOUR) is a leading online leisure travel company in China that offers a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu covers over 420 departing cities throughout China and all popular destinations worldwide. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Tuniu may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, 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 Tuniu’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 are not limited to the following: Tuniu’s goals and strategies; the growth of the online leisure travel market in China; the demand for Tuniu’s products and services; its relationships with customers and travel suppliers; the Company’s ability to offer competitive travel products and services; Tuniu’s future business development, results of operations and financial condition; competition in the online travel industry in China; relevant government policies and regulations relating to the Company’s structure, business and industry; the impact of the COVID-19 on Tuniu’s business operations, the travel industry and the economy of China and elsewhere generally; and the general economic and business condition in China and elsewhere. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tuniu does not undertake any obligation to update such information, except as required under applicable law.