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PR Newswire

Gaabor, the dark horse in big promotion, featured on semi-monthly Shopee magazine

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MANILA, Philippines, Nov. 26, 2021 — As the annual Double-eleven Super Shopping Festival has come to an end, the sales of big promotions on the Shopee platform have been released one after another, about which the good news is coming one after another. Among them, the home appliance brand Gaabor ranked the fifth place in the small kitchen appliances category in Southeast Asia and the second place in the kitchen & dining category, so it was featured on the semi-monthly Shopee Magazine for the first half of November.

Gaabor, the dark horse in big promotion, featured on semi-monthly Shopee magazine
Gaabor, the dark horse in big promotion, featured on semi-monthly Shopee magazine

In recent years, the consumers in Southeast Asia are becoming more and more attracted by and enthusiastic about brand products. During the Double-eleven promotion on Shopee, the home appliance brand Gaabor, which has only been in the Southeast Asian market for more than a month, has made outstanding achievements and gained a place in the home appliance market in Southeast Asia by virtue of its powerful brand competitiveness.

Touch-and-go online sale

Since the Gaabor brand launched the online e-commerce platforms in the Philippines, Thailand, Vietnam, Indonesia, and Malaysia simultaneously in September this year, it had successfully built a sound e-commerce sales network in various markets. With the help of social media, news and PR, live streaming and other channels, the visitors were attracted from outside the site to the official Shopee Mall store in various forms; supplemented by the efforts of a professional data team, the excellent results were finally achieved in this double-eleven promotion.

Expanding the market with quality

High-quality products are the best advertisement of the brand. Gaabor has always been focusing on the R&D and production of high-quality home appliances, constantly optimizing the product structure, and actively launching smart kitchen cooking series, smart personal care series, smart home cleaning series and other high-quality products in the Southeast Asian market, providing consumers with an all-round smart home life experience.

Gaabor, providing an all-round smart home life experience
Gaabor, providing an all-round smart home life experience

Among them, the best-selling Gaabor air fryer series during the double-eleven promotion integrates a number of Gaabor core technologies, which can cook food in an oil-free and healthy way while retaining more moisture, ensuring a delicious and juicy taste, so the users can enjoy the delicious experience brought by Gaabor.

The Gaabor home appliance brand is committed to providing users with ingenious and quality products constantly, hoping to bring people a better home life experience, so that people can become loving, share love and pass on love. Facing the current challenging market conditions affected by the epidemic, Gaabor brand is still growing steadily in the market competitiveness relying on the advantages of its brand strength and continuous improvements.

Gaabor, share delicacy dass love.

To learn more about Gaabor’s products, please visit Gaabor’s official store:
Shopee: https://tinyurl.com/k8xkank5
lazada: https://tinyurl.com/ztupuckv

Gaabor’s official website: www.gaabor-global.com

Media contact: yang, yang.shao@jetcommerce.cn

PR Newswire

Changhong’s High-end Household Appliance Brand CHiQ Enters Singapore Market

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SINGAPORE, Nov. 26, 2021 — CHiQ, a high-end smart home appliances brand owned by Chinese consumer electronics producer Changhong, made its formal entry into Singapore in November 2021, with the launch of flagship stores on two of the country’s mainstream e-commerce platforms, Shopee and Lazada, enabling the brand to better reach and serve Singaporean consumers.

Ethan Pu, head of CHiQ for Southeast Asia, explained that CHiQ is making its next-generation Android smart TV that features full screen, 4K ultra-high definition and frameless design, M8T, available on the two e-commerce platforms. With strong competences in television R&D and related technologies, CHiQ has continuously improved the quality of its products while enhancing user experience over the past few years by creating smart household appliances that meet the expectations of consumers through collaborations with numerous name-brand multinational companies, including Google, Netflix and Dolby.

CHiQ Android M8T Launched in Singapore
CHiQ Android M8T Launched in Singapore

During this year’s Double 11 shopping season, CHiQ recorded impressive growth in TV sales that far exceeded expectations as a result of the launch of a pre-sale via the Shopee flagship store. Notably, Changhong provides next-day-delivery service in Singapore thanks to its in-country warehousing and logistics facilities. In mid-October, CHiQ signed a strategic cooperation agreement covering logistics across the Southeast Asian region with express delivery service provider Best Express. The tie-up facilitates the brand’s achievement of zero-distance communications and high-speed logistics across the region supported by the integration of product loading and delivery functions.

CHiQ is expanding rapidly in European and Southeast Asian countries as well as in Australia by establishing a presence across local mainstream sales channels and e-commerce platforms. Given the continued rise in sales in these markets where its products have gained increasing popularity among local consumers, the brand is planning to launch e-commerce businesses in Malaysia and Vietnam, among other new markets.

Going forward, CHiQ plans to continue improving the quality of its products and services through the synergy of multiple product lines while deepening its commitment to Southeast Asian markets by expanding sales channels, with the aim of delivering a smarter home experience to consumers across the region.

Founded in 2014, CHiQ has been on a mission to create a better future for all by building a well-known international household appliance brand led by smart home products. The brand’s parent Changhong has become a multinational firm that has established 5 manufacturing facilities and 13 subsidiaries globally, with its products available in more than 150 countries and regions worldwide.

PR Newswire

USLAM Air 5.0™ Transformed from UBTECH Empowers AIRROBO Robot Vacuums

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HONG KONG, Nov. 5, 2021 — AIRROBO (air-robo.com), the smart home appliance brand with a focus on AI-enabled technologies, supported by world-leading AI and humanoid robotic company, UBTECH Robotics, today introduced USLAM Air 5.0 TM, the much-anticipated technology empowered by UBTECH Robotics for its robovacs. The USLAM Air 5.0™ allows AIRROBO robovacs to intelligently and accurately navigate and position themselves with smarter map building and targets identifying capabilities.

AIRROBO & UBTECH Robotics
AIRROBO & UBTECH Robotics

LiDAR technology and SLAM algorithm are the core technologies of any type of robot. UBTECH Robotics’ powerful USLAM technology has empowered the sub-brand AIRROBO, deriving USLAM Air 5.0TM, which solves real-life problems in household cleaning automation with high efficiency, accuracy and stability, not crashing into chairs and tables before it cleans up nor getting pets tangled and messing up floors, for example.

AIRROBO Robot Vacuum P10, T9 and T10+
AIRROBO Robot Vacuum P10, T9 and T10+

What is USLAM?

After five years of technological development, UBTECH Robotics possesses a variety of proprietary core techs in the field of humanoid robots, including the multi-source sensor SLAM system, lightweight semantic real-time map reconstruction, scenario-based autonomous perception and comprehension, navigation planning, and decision control. Based on these achievements, UBTECH Robotics has independently developed USLAM (autonomous positioning and navigation system), which integrates the functions of Localization, Mapping, Navigation and Perception. USLAM not only enables a plug-and-play system for multiple sensors, it also makes positioning and navigation more Efficient, Accurate and Stable.

What is USLAM Air 5.0TM?

USLAM Air 5.0TM is derived from USLAM which has been validated and optimized through application in the field of humanoid robots for 5 years. By supporting Cloud-Based Intelligent Service Robot Cruzr in 2017, Autonomous Indoor Monitoring Robot AIMBOT in 2019, UV-C Disinfection Robot ADIBOT in 2020, and Intelligent Humanoid Service Robot Walker in 2021, UBTECH Robotics’ powerful USLAM system, has promoted the development of positioning and navigation technology and the implementation of a wider range of applications in the robotic industry.

Core Technologies

  • Combined laser and visual navigation for large-scene high-quality mapping
  • Multi-sensors take account of strong robustness and high accuracy
  • Dynamic and timely path-planning and 3D all-round autonomous obstacle avoidance

UBTECH Robotics empowers AIRROBO by applying the systematic integration of autonomous positioning and navigation technology to smart home appliances like robovacs. Therefore, USLAM Air 5.0TM was derived from USLAM. "Air" indicates and symbolizes the lightweight semantic algorithm, which can be interpreted as less requirements on the hardware, due to a more delicate algorithm. "Air" also represents the brand identity of AIRROBO. In practical application, USLAM Air 5.0TM enables high-quality mapping in large or small living space, multi-sensor millimeter-level high-precision positioning, dynamic path planning and 3D all-around autonomous obstacle avoidance. In view of the above, AIRROBO robovacs "think, understand and respond"* better in terms of mapping, navigation, planning, perception, positioning, cleaning, safety and user experience. (LiDAR technology is a sensing method that uses light in the form of a pulsed laser to measure ranges for better navigation only, protecting users privacy.)

"In recent years, as the pursuit of high standard of living has increased, robot vacuum cleaners in China and the global market have been iteratively upgrading to meet the trend of an aging population, increased pet ownership, and younger residential owners. With smart appliances entering millions of households, different sizes of living space and complex indoor environment have become a challenge for the smart home industry," said Tommy Zhang, general manager of AIRROBO.

Over the years, UBTECH Robotics has put robots into use in many fields, among which, USLAM has processed more than 100,000 kilometers of course data* for accurate navigation in large scenarios. The total area of USLAM’s autonomous map construction has exceeded one million square meters*. The positioning accuracy of USLAM has reached centimeter level as well as control accuracy at 1 millimeter level*. USLAM recognizes over a thousand target identifications*, and has supported the real-time construction of object-level semantic maps.

About AIRROBO

AIRROBO is a smart home appliance brand with a focus on AI-enabled technologies. Supported by world-leading AI and humanoid robotic company, UBTECH Robotics, AIRROBO is aiming to bring the most cutting-edge technology to more and more households around the globe, making smart home a new norm of life.

* While using, the LiDAR on the device will build a map for cleaning path planning only. Please rest assured that we fully understand the importance of personal privacy. The mapping will only be used to extract feature lines for cleaning navigation and will not be used for any other purpose other than cleanups.

Contact: Johnny Liang
Email: jianhao.liang@ubtrobot.com

PR Newswire

Leading the New Trend：130th Canton Fair Initiates “Bee and Honey” Virtual Tour

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GUANGZHOU, China, Oct. 19, 2021 — The ongoing 130th Canton Fair initiates the "Bee and Honey" Virtual Tour, which gives buyers a vivid, immersive experience of the Canton Fair from a close distance, enabling buyers to connect with China’s intelligent manufacturing industry online, quickly find suppliers as well as enjoy better online attending experience. The activity has attracted over 150,000 global buyers to watch online from October 16-18.

Visit https://fbuyer.cantonfair.org.cn/en/account/new-buyer/register for more opportunities.

The first Virtual Tour activity was launched with the theme of "Chinese Smart Manufacturing Leads Smart Life". Haier, BS Group, Chigo, Gree, Galanz and other brand companies in the Exhibition Section of Electronics and Household Electrical Appliances participated in the event and had close interaction with audiences, showing the smart development trend of this industry.

"Bee" and "Honey" also explores new building materials, unlocks high-quality lifestyle, enjoys parties that feature the young generation and sports, while discovering new fashion retail of food and sustainability, covering the exhibition area from building materials, daily consumer goods, gifts, sporting goods, textiles and clothing, food and products from rural areas.

“Bee and Honey” Virtual Tour
“Bee and Honey” Virtual Tour

Chinese smart manufacturing brings new fashion to business opportunities

The Virtual Tour features many new products that showcase future lifestyle to global buyers. Haier is exhibiting AQUA laundry, voice control washing machine, smart kitchenware and smart living room. Gree presents a magic cube that can offer convenient and timely remote management of home appliances such as air conditioner and curtains in the bedroom.

An Intelligent autopilot aircraft is a highlight at EHang with a maximum flying altitude reaching 150 meters. It can be widely used in public transportation, tourism, logistics and medical emergency, offering a brand-new solution for tackling urban traffic challenges.

Shenzhen Amos Sweets & Foods Co.,Ltd has presented their Amos 4D creative fruit-flavor block jelly, which kids can use it as building blocks. The candies have been welcomed by kids from the United States, Canada, Australia, South Korea, Japan and many other countries.

Moreover, "Bee" tasted the well-known Shifeng Longjing tea at Zhejiang Tea Group booth, discussing the tea history with exhibitors, using livestream marketing to help exhibitors promote their products.

Visit https://fbuyer.cantonfair.org.cn/en/account/new-buyer/register for more opportunities.

8 Virtual Tour activities, combining online showcases and physical exhibitions, have demonstrated new technology and trends from Chinese intelligent manufacturing industry, bringing a shopping festival for businesses who are not able to come to the Canton Fair. Buyers have been able to find their potential suppliers and raise inquiries during the tour.

The Virtual Tour sets up a new platform model that enables "buy and sell globally" without time and space limitation, offering new opportunities for global buyers to discover Chinese intelligent manufacturing and explore the Chinese market.

Visit https://fbuyer.cantonfair.org.cn/en/account/new-buyer/register for more opportunities.

Related Links :

https://www.cantonfair.org.cn/en/

PR Newswire

Expo 2020: Haier Smart Home Makes its Mark in the Carbon Neutral World with Customized Magnetic Bearing Centrifugal Chiller Solution at China Pavilion

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DUBAI, UAE, Oct. 8, 2021 — Haier Smart Home ("Haier", Shanghai: 600690), the world’s leading home appliance brand and smart home ecosystem builder, has made waves globally with its customized Magnetic Bearing Centrifugal Chiller system ("the System") at Expo 2020 Dubai, which kicked off on October 1. The system was used at the "The Light of China" Pavilion — one of the largest pavilions at this year’s Expo.

Expo 2020: Haier Smart Home Makes its Mark in the Carbon Neutral World with Customized Magnetic Bearing Centrifugal Chiller system at China Pavilion.
Expo 2020: Haier Smart Home Makes its Mark in the Carbon Neutral World with Customized Magnetic Bearing Centrifugal Chiller system at China Pavilion.

Fully customized by Haier Commercial Air Conditioning, the System integrates a number of leading global technologies, including Magnetic Bearing Centrifugal Chiller and multiple connections through an IoT hub. Haier air conditioning includes features such as self-connectivity, self-energy saving and self-operation, with different solutions tailored for individual spaces within the Pavilion. Haier’s air conditioning system was realized to cover the entire space whilst reducing energy consumption — leaving a cool and comfortable first impression for visitors.

Haier Commercial Air Conditioning adapted the system to maintain efficient and stable operations and run without degradation in an environment where temperatures soar to 50°C. "In response to the unique air conditioning requirements of Dubai’s tropical climate, Haier has added a separate vapor-liquid separator to mitigate high ambient temperatures, which can leave the shaft vulnerable to the impacts of coolant during the compressor start-up process," Zhan Jie, General Manager of Haier Commercial AC Overseas Market introduced. "In addition, the compression system features both a high and low-pressure side for different ratios, and Haier’s patented high-pressure ratio shutdown control scheme effectively protects the compressor bearings."

The System has also been customized to account for the shortage of local water resources in Dubai and the unique conditions required for seawater desalination. The System uses air-cooling to save precious water resources. Furthermore, the internal configuration of the air conditioning features a customized high static pressure duct and ball spout jet were customized for the overall design of the China Pavilion.

Haier Commercial Air Conditioning has further adapted its system to different settings throughout the conference –  maintaining a constant temperature and humidity level for open area, whilst ensuring to operates with customized frequency conventions for enclosed spaces. The heat exchanger helps the space meet fresh air volume standards, while the offices have an energy-saving solution to reach healthy air requirements of 30m³/h/person.

In line with global trends towards carbon neutrality, Haier Commercial Air Conditioning designed its system to reduce carbon emissions and support the development of green venue spaces. The system halves energy and electricity requirements compared to ordinary central air-conditioning systems — even under the rigorous demands of Dubai’s high temperatures.

For more information about Haier Smart Home, please visit here.

PR Newswire

WIN a Car This Diwali with coocaa’s Massive Festive Celebration*

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NEW DELHI, Oct. 1, 2021 — This Diwali, coocaa TVs has taken festivities to new heights. coocaa TVs has pledged to make one of its consumers a lucky winner of a brand new car!

From September 29th to November 4th (Big billion day and Big Diwali Sale), coocaa TVs & Flipkart have partnered together to gift one lucky shopper a brand-new car on buying any of coocaa’s TVs on Flipkart!

WIN a Car This Diwali with coocaa’s Massive Festive Celebration
WIN a Car This Diwali with coocaa’s Massive Festive Celebration

As an innovative Internet TV brand, coocaa is well-recognised as 2013’s Guinness World Record holder for the largest Smart TV sales acquired in a single day, and ranking 2nd for the biggest sales volume in 2020 in the world.

Today, coocaa is a leading provider in smart TV technology and has successfully become a friend of today’s younger generation. In Hyderabad, coocaa owns two factories, which produce more than 3 million units for home appliances annually, winning itself rising fame and popularity in India.

This Diwali, coocaa introduces its champion products to its Indian fans. The all-new coocaa S6G Pro & S3U Pro Smart TV are now available with a BIG promotional campaign on Flipkart!

The S6G Pro (available in 43", 50" and 55"), following its recent campaign during the AFF Suzuki Cup 2020, has become a hit across the golden generation in Southeast Asia. Powered by Android 10, S6G Pro contains brilliant features such as One-click Google Assistant, with ultra-low lag and latency.

Just like the S6G Pro, The S3U PRO Smart TV ensures a pleasant screen-sharing experience by providing reliable connectivity. With S3U PRO’s extra-large screen bolstered by coocaa’s German Picture Quality Lab, intelligent noise reduction technology and Dolby Audio sound effects, you are guaranteed with a remarkable home-viewing and gaming experience.

Ready to WIN BIG? This Diwali promotion might be a golden chance for you to get a new car or even your first car! Don’t miss this coocaa & Flipkart promotion between September 29th to Nov. 4th, where YOU might be the chosen one to own a coocaa TV AND a car in one go! Shop right now at https://bit.ly/3iiL679 (Terms & conditions applied*)

TIP: Follow coocaa on Facebook  (@coocaa) or Instagram (@coocaa_india) and join coocaa’s quiz session on FB, Instagram and Flipkart this month to win multiple prizes and vouchers for your new coocaa TV!

#coocaacoolcar

PR Newswire

Timetable for the automatic redemption procedure in Electrolux

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STOCKHOLM, Sept. 27, 2021 — The Extraordinary General Meeting held on August 27, 2021 resolved to distribute a total of SEK 4,886 m (corresponding to SEK 17.00 per share) to the shareholders of Electrolux, through an automatic redemption procedure including a 2:1 share split, a reduction of the share capital by redemption of shares, and an increase of the share capital by way of a bonus issue.

The following dates apply to the automatic redemption procedure:

Date (2021)

Activity

October 1

Last day of trading in the Electrolux share including right to receive redemption share.

October 4

First day of trading in the Electrolux share following share split, excluding right to receive redemption share.

October 5

Record date for share split and for receipt of redemption shares.

October 6

First day of trading in redemption shares.

October 21
(adjusted date)

Last day of trading in redemption shares.

October 25

Record date for redemption.

October 28

Payment of redemption amount.

Electrolux has applied for a listing of the redemption shares at Nasdaq Stockholm. In connection herewith, Electrolux has adjusted the last day of trading in the redemption shares at Nasdaq Stockholm to October 21, 2021 (previously estimated to October 22, 2021). All other dates in the timetable remain unchanged.

An information brochure containing the updated timetable and further information about the redemption procedure is available at 

www.electroluxgroup.com/egm2021

For further information, please contact:

Sophie Arnius, Head of Investor Relations, +46 70 590 80 72

Electrolux Press Hotline, +46 8 657 65 07

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/electrolux/r/timetable-for-the-automatic-redemption-procedure-in-electrolux,c3421323

The following files are available for download:

https://mb.cision.com/Main/1853/3421323/1472930.pdf

Press Release Electrolux Share Redemption_English
PR Newswire

ICCPP Ushers “Powder-free” Atomization Technology with Next-Generation GENE TREE Ceramic Cores

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SHENZHEN, China, Sept. 18, 2021 — ICCPP, a global atomization company, has unveiled its first-ever ceramic core technology brand GENE TREE at the 2021 Nano-tech Ceramic Core Global Online Launch Conference on September 16. The release of GENE TREE marks a revolution in electric atomization R&D while also introducing a new generation of ceramic core products into the industry.

2021 Nano-tech Ceramic Core Global Online Launch Conference
2021 Nano-tech Ceramic Core Global Online Launch Conference

Themed "The Future of the Core", the conference emphasized the continued development and innovations of electronic atomization technology, as well as demonstrating ICCPP’s determination to shape the future of the industry. Its new GENE TREE nano-tech ceramic core products promise to improve the efficiency and stability of atomization and increase product lifespan.

"GENE TREE is the culmination of countless hours of R&D and almost a decade of experience in electric atomization technology. We are thrilled to launch our breakthrough research achievement with the international community and usher in the future of ceramic cores," said ICCPP CEO EVEREST Zhao.

ICCPP has established a 300-strong R&D team. GENE TREE nano-tech ceramic core products were realized by this team after over 1,000 days spent on repeating technical explorations and scientific experiments and tens of thousands of hours spent refining one thousand sets of ceramic core material formulations. In addition, the R&D team overcame a series of technical production challenges to ensure mass-produced ceramic cores were at a world-class level in terms of resistance consistency and appearance.

GENE TREE Ceramic Cores
GENE TREE Ceramic Cores

With the "powder-free" concept, GENE TREE products harness raw materials made from new environmentally-friendly mineral materials, which migrate and diffuse into the three-dimensional network ceramic skeleton at a high temperature. Following this, the grain micro-structure is rebuilt and the multi-phase co-existence structure improves the ceramic toughness. Meanwhile, dispersion is distributed in the three-dimensional ceramic skeleton to form a lipophilic matrix layer, which can improve the lipophilicity and oil storage of porous ceramic. Atomization tests have demonstrated that the temperature of the ceramic heating surface and atomization remains stable between four to 11 watts.

Unlike other products, GENE TREE’s safe operation power range can also be raised from 8 watts to 11 watts to fully meet the requirements of different products. The heating film remains stable in temperature and the GENE TREE supports continuous atomization for 4000 seconds — increasing its lifespan by five times compared with other mainstream products.

As ICCPP’s first ceramic core product, GENE TREE has garnered widespread attention from the industry since its launch. With plans to ramp up production capacity and sales for B2B clients, GENE TREE has established itself as a key player straight out of the gate, as well as the leader in electric atomization technology.

About ICCPP

ICCPP is a global technology group with nearly a decade of experience in technology research and development, product design, manufacturing, brand building and other fields. Its products and services are distributed in more than 70 countries and regions, with approximately 30 million users.

Tingkai Xu
kai@voopootech.com
+86-15957944779

PR Newswire

JS Global Lifestyle reports 2021 interim results, with net profit doubling year-on-year

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HANGZHOU, China, Aug. 30, 2021 — JS Global Lifestyle (01691.HK) announced its interim results for 2021. For the six months ended June 30, 2021, the Group reported total revenue of US$2.24 billion, up 47.8% year-on-year. Net profit for the reporting period was US$218 million, up 104.0% year-on-year, reflecting a strong overall performance.

The interim results shows that JS Global Lifestyle’s revenue has increased significantly since the beginning of 2021, despite great pressure from a tightened supply chain, rising inflation and the uncertainties caused by the COVID-19 pandemic. The increase was driven by the steady demand for product in North America and APAC, as well as JS Global Lifestyle’s continued expansion in the European market. The significant increase in net profit was mainly attributable to the global team’s efforts to control and leverage costs while ensuring that retailers never ran out of stock.

Efforts in four areas to maintain growth

In the first half of 2021, JS Global Lifestyle focused its efforts in four areas: deep insights into consumer expectations, outstanding product innovation and design capabilities, brand engagement driven by advantages in marketing, and an omnichannel distribution model with high penetration.

In recent years, consumption trends have changed significantly, with an increase in the proportion of shopping that is done online, the participation of social media in the decision-making process, a shift in consumers’ preferences towards high-end products and services, branded products with high added value, and increased expectations when it comes to the appearance of the goods. The COVID-19 pandemic further changed consumer expectations and shopping habits for small home appliances.

Based on its in-depth insights into the consumer market, JS Global Lifestyle in the first half of 2021 developed several new categories and products, including the Ninja CREAMi which can make ice cream and milkshakes from everyday ingredients, the Ninja professional cold-pressed juicer, the Shark air purifier, the Joyoung Y521 high-speed blender without the need to pre-wash ingredients by hand, the F921 intelligent electric cooker with a carbon steel kettle, and the T21 steam scrubber. The new products have all been launched.

In the new consumer era, the way brands communicate with shoppers and the purchase decision-making process have both changed. In this context, JS Global Lifestyle has leveraged the opportunities presented by online shopping, increased the use of new media to reach consumers, enhanced communication and interactions with consumers, and improved the awareness and reputation of its brands and products.

At the same time, JS Global Lifestyle has continued focusing on international expansion by partnering with local sales teams and major retailers to launch products while continuing to build a closed shopping loop by integrating online and offline channels. In the online segment, JS Global Lifestyle worked closely with platforms such as Amazon and Tmall, while, as for offline, the company secured prime locations at retailers in various markets, while adding more of its brand stores in shopping malls, to ensure that products are available to shoppers regardless of what channel they choose.

Multi-pronged measures to focus on sustainable long-term growth

Comparing H1 2021 financials with those for the same period in 2020 and 2021, JS Global Lifestyle not only saw significant year-over-year growth in revenue and net profit, but also maintained high profitability through supply chain synergies, product portfolio optimization and cost control, with net margin improving by 2.7 percentage points year-over-year.

Since 2020, JS Global Lifestyle has achieved growth amid a market downturn, increasing its market share in existing categories and steadily advancing its expansion of new categories and in international markets. Looking ahead, despite the uncertainties in the macro market environment, JS Global Lifestyle expects to continue innovating its products and categories and developing new ones, to maintain rapid growth by providing consumers with better solutions for small appliances.

To drive sustainable long-term growth, JS Global Lifestyle plans to leverage its leading position in the global market by innovating products, expanding categories and sales networks, maximizing synergies, strengthening brand awareness, and enhancing consumer engagement, as well as seek out strategic partnerships and acquisitions.

About JS Global

JS Global Lifestyle Company Limited (Hong Kong: 1691) is a world leading producer of small household appliances. It ranks fifth globally in the small household appliance industry and third among small household appliance-focused companies. It primarily operates three major brands: Shark, Ninja and Joyoung. The Company’s success is centered around its deep understanding of consumer needs, and is built on its strong product innovation and design capability powered by a global research and development platform, marketing strengths driving high brand engagement, and an omni-channel distribution coverage with high penetration. For more information, please visit www.jsgloballife.com

Related Links :

http://www.jsgloballife.com

PR Newswire

Qeeka Home 2021 Interim Revenue Up 66.5% to 524 Million RMB

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SHANGHAI, Aug. 27, 2021 — On August 24, Qeeka Home (01739.HK, operator of Jia.com in China) (the "Company"), a SaaS enabled solution platform serving China’s interior design and construction sectors, released its H1 2021 financial results. For the first half year of 2021, the Company’s total revenues increased by 66.5% year-over-year to 524 million RMB (approx. US$81 million), while revenue from the SaaS and Extended Services business rose by 38.4% to 309 million RMB. Adjusted net profit attributable to shareholders improved to 20.54 million RMB, up 286.3% year on year.

The solid growth in revenue was attributed to Qeeka Home’s implementation of its SaaS strategy, which assisted home improvement and interior design firms in adapting to industry changes and in embracing new industrial forms. The roll-out of the strategy helped the home improvement sector recover, while significantly enhancing the Company’s operational efficiency. "Aggressive and effective empowerment initiatives have helped us to increase the amount of business we receive from our active paying merchants and enhance their stickiness, as well as significantly heighten our appeal to the home improvement firms and interior designers that have not yet registered on our platform," said Qeeka Home chairman and CEO Deng Huajin.

Revenue from the main business grew 38.4%, with SaaS services as the core driver

As one of the largest service platforms serving China’s home improvement sector, Jia.com continued the roll-out of its SaaS service platform strategy, providing home improvement firms with comprehensive business solutions covering marketing, supply chain procurement and SaaS services, helping them to improve their core competitiveness in terms of marketing, branding and supply chain, to precisely target potential customers, reduce costs and increase efficiency, while empowering them to expand efficiently.

During the first half of 2021, the minor COVID-19 outbreaks in China nevertheless impacted industrial production and people’s daily lives. Against this backdrop, the digital transformation of virtually every industry in China became an inevitable "must do". For a long time, the home improvement and interior design sectors, due to their inherent nature, had been characterized by many pain points such as low access threshold, long industry chain, great dependence on offline delivery and difficulties in standardization and transformation. The pandemic hit home improvement firms that had not yet started their digital transformation hard, leaving them struggling or even experiencing negative growth.

Having been a player in the home improvement and interior design sectors for many years, Qeeka Home has collected a massive amount of industry data and practical experience by virtue of having served tens of thousands of firms. This has led Qeeka Home to be a driver in improving the efficiency of the industry by empowering the digital upgrade of the firms. The Company supports across-the-board digital upgrades of home improvement firms covering all chains, providing a practical path for the firms to cope with the COVID-19 crisis and realize rapid transformation.

The interim report shows that Qeeka Home’s businesses currently consist of two main segments – SaaS and Extended Service Business as well as Interior Design, Construction and other Business. The SaaS and Extended Service Business segment is further broken down into sub-segments including SaaS, Marketing Services and Supply Chain Service. As the Company’s core business, the SaaS and Extended Service Business booked revenue of 309 million RMB for the first half, up 38.4% year-on-year. SaaS subscription fees reached 15.33 million RMB, up 52.5% year-on-year, while marketing revenue rose to 265 million RMB, up 38.8%.

Qeeka Home said that the solid growth was mainly driven by the increase in revenue from the SaaS and Extended Service Business due to the increase in the number of active paying merchants, and by the continuous optimization and adjustment in the Company’s internal structure. This has improved the organizational and operational capabilities of the team and resulted in significant cost reduction and efficiency gains. At the end of the first half of 2021, the number of new paying merchants on the platform had climbed to 1,082, with a merchant retention rate of 93%, a testament to the company’s sound growth.

With the gradual increase in the industry-wide digitalization rate, Qeeka Home’s SaaS-enabled strategy began to serve as the industry’s digital infrastructure, providing a one-stop solution to the home improvement firms that need to digitize their marketing, operation and supply chain services. Meanwhile, the strategy also became Qeeka Home’s core growth driver.

Active paying merchants increase by 33.8%: improving industrial efficiency through digitalization

China’s home improvement and interior design market is valued at some trillion RMB, with demand for home improvement and the outfitting of new homes remaining stable. According to the 2020 China Internet Home Improvement Industry Report published by Fastdata, the overall size of the market in 2020 had reached 2.61 trillion RMB. Despite the market’s massive size, the Matthew Effect of accumulated advantage in the industry is obvious. The digitalization rate is low, with only 9.7% of transactions happening online and only 19.2% of the firms having undertaken or in the process of digitalizing. As a result, actively embracing digital transformation has become a consensus across the industry.

As a professional service platform serving the industry, Qeeka Home, by grasping the opportunities brought about by the industry’s ongoing digital transformation, has adjusted and optimized its own development logic and service system. The Company has also put further focus on integrated SaaS solutions for home improvement firms based on SaaS subscription services, which are synergistically empowered by marketing services, supply chain procurement and innovative value-added services. In other words, Qeeka Home hopes to use its rich big data and technology-enabled capabilities to help home improvement firms solve the operational inefficiency and frequent inability to truly compete due to the lack of digitalized operations.

Qeeka has assumed a leadership role in the provision of home improvement and interior design SaaS solutions. As for digital marketing, Qeeka Home has not only collected a huge number of sales leads, but also helped home improvement and interior design firms achieve efficient transformation by optimizing big data matching, building a high-quality home improvement content ecosystem, upgrading user protection plans and creating live streaming tools.

In terms of supply chain empowerment, Qeeka Home has joined forces with many high-quality building materials brands in China and abroad, to create a comprehensive supply chain covering main materials, accessories and soft furnishings, helping the firms procure products via digital means, greatly reducing back-end procurement costs and improving procurement efficiency. Enhanced offerings have also become another venue for attracting new customers.

Digital marketing and supply chain empowerment can better help home improvement firms reduce costs and increase efficiency, and Qeeka Home’s innovative value-added services can better help these firms improve service quality and establish a good brand image, enhancing their ability to provide superior services. Qeeka Home’s special services include the Qijia Bao consumer protection plan and the Merchant Service Integrity Alliance. The Qijia Bao consumer protection plan is so well known across the industry that it is often referred to as the sector’s "Alipay" (China’s leading merchant payment solutions provider), and has become a standard service that protects the rights and interests of users on the Jia.com platform. The Merchant Service Integrity Alliance requires the firms in the Alliance to meet credible service standards by setting up dynamic labels.

Both the Qijia Bao consumer protection plan and the Merchant Service Integrity Alliance both act as incentives for merchants to strive to provide excellent service process and quality, protecting shoppers’ interests. After years of iteration and optimization, all of Qeeka Home’s special services have matured and earned good reputations. Qeeka Home empowers merchants with its good brand image and standardized services, which not only strengthens the shoppers’ trust in the merchants, but also enhances the merchants’ capabilities.

Data shows that the number of active paying merchants on the Jia.com platform increased by 33.8% to 5,667 during the first half of 2021. The merchant loss rate dropped by half while the retention rate was further improved. The 93% retention rate is the result of the merchants’ satisfaction with Qeeka Home’s services. Home improvement firms that opt for digital transformation are the direct beneficiaries of Qeeka Home’s SaaS empowerment strategy, while the improvement in the competitiveness and service quality of the firms will ultimately benefit consumers and do wonders for the user experience.

Qeeka Home plans to continue consolidating its position as the most impactful home improvement SaaS service provider in China, while continuing to expand its partnerships with merchants based on its SaaS strategy, in a move to further improve merchant retention rate, help home improvement firms improve their services and management capabilities, further reduce costs and increase efficiency, and enhance user experience.

About Qeeka Home

Qeeka Home (01739.HK, domestic operator of Jia.com) is one of the largest SaaS enabled solution platforms in Interior Design & Construction (IDC) Industry in China. The company provides marketing service, supply chain service and other innovative value-added services to thousands of IDC service providers through the SaaS platform. Qeeka also operates several well-known IDC brands in China and provides consumers with capital protection and independent inspection services. Qeeka Home was founded in 2007 and listed on the main board of HKSE on 2018.

For more information, please contact:

Qeeka Home CFO
Mr. Leo Kang
Phone: (+86) 021-61740163
E-mail: ir@qeeka.com