Tag Archives: HOU

PR Newswire

P&G and Shopee inspires home shopping with ‘Show Me My Home’ experiential microsite in Southeast Asia

Leave a comment

SINGAPORE, April 30, 2020 /PRNewswire/ — Procter & Gamble (NYSE:PG), a leading fast-moving consumer goods company, announces collaboration with Shopee, a leading e-commerce platform in Southeast Asia and Taiwan, with the launch of Show Me My Home*, an online campaign that simulates the household environment to provide consumers with a seamless and easy online shopping experience.

P&G products available on Shopee's Show Me My Home Campaign
P&G products available on Shopee’s Show Me My Home Campaign

This collaboration sees P&G coming in with the shopper insights and innovations, and Shopee’s platform and technology to offer users across the region a fun, engaging and convenient way to shop. A first-of-its-kind initiative, Show Me My Home features a one-stop shop offering P&G products (see appendix for full list) categorized by rooms and will be available via a dedicated P&G microsite on Shopee’s platform. A staggered launch of the microsite will be available to consumers in key SEA markets including Malaysia, Indonesia, Singapore, Vietnam, Thailand and the Philippines.

With a shared vision to serve the region’s increasingly savvy digital consumers at scale, this campaign is designed to enable consumers to feel and experience the products by bringing the element of reality onto a digital platform. “At P&G, we are always looking for ways to innovate in order to serve our consumers better. Online shoppers today want the information they need when they need it, at the click of a mouse or a swipe of a tablet or smartphone,” says Kim Dong Hyun, Regional Director, eCommerce, APAC Middle East Africa. “And retailers have only milliseconds to grab their attention and complete any transaction. The collaboration with Shopee reflects P&G’s commitment to provide consumers with convenient access to P&G products as we broaden our capabilities online through upcoming, relevant and meaningful engagement with our consumers. With a platform like Shopee, we are able to serve even more consumers across the region and integrate value-added services such as localized payment and shipping options.”

Ian Ho, Regional Managing Director at Shopee, said, “At Shopee, we are constantly innovating to improve our platform, features and offerings in response to the latest industry trends and users’ evolving preferences. As e-commerce becomes increasingly prevalent, it is crucial that we continue to upgrade the online shopping experience; to make it even more fun, personalised and engaging. We are pleased to collaborate with P&G who shares this same vision to pilot the novel Show Me My Home initiative, and to offer a one-of-a-kind experiential shopping journey for our shoppers across the region.”

The Show Me My Home microsite will feature various activities and exclusive content to provide shoppers with a fun and engaging experience when shopping for P&G products on Shopee. This includes curated content on hygiene tips and tricks on Shopee Feed, a special P&G edition of Shopee’s classic Flip & Match game, exclusive live streams on Shopee Live featuring popular Key Opinion Leaders streaming from their homes.

*Link will go live 2 May 2020, 00:00hrs SGT – 4 May 23:59hrs SGT

Photo – https://photos.prnasia.com/prnh/20200429/2789571-1-a?lang=0

About Procter & Gamble

P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and information about P&G and its brands.

About Shopee

Shopee is the leading e-commerce platform in Southeast Asia and Taiwan. It was launched in 7 markets in 2015 to connect consumers, sellers, and businesses in the region. Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. It offers a wide product assortment, supported by integrated payments and logistics, as well as popular entertainment features tailored for each market. Shopee is also a key contributor to the region’s digital economy with a firm commitment to helping brands and entrepreneurs succeed in e-commerce.

Shopee is a part of Sea Limited (NYSE:SE), a leading global consumer internet company. In addition to Shopee, Sea’s other core businesses include its digital entertainment arm, Garena, and digital financial services arm, SeaMoney. Sea’s mission is to better the lives of consumers and small businesses with technology.

Appendix

Country

 

Category of products

P&G Brands

Malaysia

Fabric, Haircare, Skincare, Shave, Home, Feminine Care, Oral Care, Health Care

Dynamo®, Downy®, Fab®, Pantene®, Head & Shoulders®, Herbal Essence®, Rejoice®, Hair Recipe®, Gillette®, Venus®, Joy®, Ambi Pur®, Febreze®, Whisper®, Oral B®, Olay®, Vicks®

Vietnam

Diapers, Fabric, Haircare, Skincare, Shave, Feminine Care, Oral Care, Safeguard

Pampers®, Ariel®, Downy®, Tide®, Pantene®, Head & Shoulders®, Herbal Essence®, Rejoice®, Oral B®, Gillette®, Venus®, Whisper®, Olay®, Safeguard®

Indonesia

Diapers, Fabric, Haircare, Skincare, Shave, Feminine Care, Oral Care, Health Care

Pampers®, Downy®, Pantene®, Head & Shoulders®, Herbal Essence®, Rejoice®, Gillette®, Venus®, Whisper®, Oral B®, Olay®, Vicks®

Singapore

Diapers, Fabric, Haircare, Skincare, Shave, Home, Feminine Care, Oral Care, Health Care

Pampers®, Dynamo®, Downy®, Tide®, Pantene®, Head & Shoulders®, Herbal Essence®, Gillette®, Venus®, Joy®, Ambi Pur®, Febreze®, Whisper®, Oral B®, Olay®, Vicks®, Tampax®, Always®, Bounce®, Bounty®, Charmin®

Thailand

Diapers, Fabric, Haircare, Skincare, Shave, Home, Oral Care, Safeguard, Feminine Care

Olay®, Oral B®, Pampers®, Downy®, Pantene®, Head & Shoulders®, Herbal Essence®, Rejoice®, Gillette®, Venus®, Ambi Pur®, Safeguard®, Whisper®

Philippines

Diapers, Fabric, Haircare, Skincare, Shave, Home, Feminine Care, Oral Care, Safeguard, Health Care

Pampers®, Ariel®, Downy®, Tide®, Pantene®, Head & Shoulders®, Herbal Essence®, Rejoice®, Secret®, Old Spice®, Gillette®, Venus®, Joy®, Ambi Pur®, Whisper®, Oral B®, Olay, Safeguard®, Vicks®
PR Newswire

Touchless Entry with Ultraloq U-Bolt Pro Smart Lock and Donation Program

Leave a comment

FREMONT, Calif., April 30, 2020 /PRNewswire/ — U-tec, the Fremont based Smart Lock company, is featuring their Ultraloq U-Bolt Pro, which will allow people to open their lock without touching it.

“The touchless features that the Ultraloq U-Bolt Pro offers, like auto-unlock, unlocking with your smartphone, using Alexa and Google Assistant, even using your Apple Watch, adapt perfectly to this unprecedented times. People can upgrade to an Ultraloq U-Bolt Pro in their house, health care facility, warehouse, or any other place where they need frequent access. With these features, they don’t need to touch their lock, and this will lower the risk of getting Coronavirus,” said Guillermo Montalvo, Marketing director of U-tec.

Ultraloq U-Bolt Pro 6-in-1 Smart Deabolt
Ultraloq U-Bolt Pro 6-in-1 Smart Deabolt

The options the Ultraloq U-Bolt Pro offers for a touchless entry are:

  • Via the smartphone App
  • Voice Control
  • Auto Unlock
  • Apple Watch

With the U-tec App that is available for iOS and Android, people can fully control their Ultraloq U-Bolt Pro, like unlocking and locking, all of it without touching it.

Alexa and Google Assistant need to be paired with the Ultraloq U-Bolt Pro and an Ultraloq Bridge, and this will allow users to use voice commands to unlock or lock the door. 

Auto Unlock feature uses the users’ GPS to determine the proximity to their door, and then via Bluetooth, it will communicate with the Ultraloq U-Bolt Pro to trigger the function.

Similar to the Auto Unlock feature, Apple Watch will communicate via Bluetooth, with an Apple Watch users will be able to unlock or lock the door.

As the situation intensifies daily, U-tec just announced a donation program. When a customer purchases any Ultraloq Smart Lock on their Website, they will donate 10 meals to the San Francisco-Marin Food Bank, to help people who may now be facing hunger as a result of lost hours, wages, or jobs. 

San Francisco-Marin Food Bank
San Francisco-Marin Food Bank

About U-tec

U-tec leads connected smart door lock revolution. Located in Fremont, California, U-tec invents and manufactures Ultraloq Whole-Home Smart lock system that fits into any lifestyle that lets consumers access every door in a true keyless way. They have complete control of who comes and goes via smartphone even they are away. Temporary access can be granted to guests, dog walker, babysitter, or service provider remotely. Ultraloq smart lock integrates seamlessly with major smart home platforms to intelligently interact with other smart devices, which provides unlimited possibilities.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/touchless-entry-with-ultraloq-u-bolt-pro-smart-lock-and-donation-program-301048175.html

PR Newswire

The New Roborock S6 MaxV Sets Innovative Navigation Standard in Home Robotics

Leave a comment

HONG KONG, April 29, 2020 /PRNewswire/ — Roborock, developer of ultra-intelligent vacuum cleaners, today introduces its latest product innovation, the Roborock S6 MaxV. This premium addition to the company’s S-Series lineup is the first Roborock vacuum to include a stereo camera, allowing advanced obstacle avoidance technology called ReactiveAI. In addition, it’s the first product to be powered by a Qualcomm® APQ8053 processor chip from Qualcomm Technologies, Inc. – giving the MaxV cutting-edge on-device AI and connectivity performance. Its ReactiveAI enables the vacuum to not only recognize, but also avoid a range of common robot trapping obstacles, meaning people, especially parents and pet owners, can run their robotic vacuums with fewer worries than ever before.

Roborock S6 MaxV Robotic Vacuum
Roborock S6 MaxV Robotic Vacuum

“The seamless integration of ReactiveAI with our advanced laser technology allows the Roborock S6 MaxV to estimate the size and location of common obstacles and the best way to clean around them, setting the standard for our smartest navigational robot vacuum yet,” said Richard Chang, CEO of Roborock. “The powerful image processing technology behind it has led us to work with Qualcomm Technologies for the first time, a journey we are delighted to begin as we continue to imagine the next generation of robotic vacuums to navigate today’s world.”

This vision is echoed by Dev Singh, senior director of business development and head of autonomous robotics, drones and intelligent machines at Qualcomm Technologies, Inc. “The advancements that Roborock has made in the Home Robotics industry these past years are remarkable,” said Singh. “We’re thrilled to work with Roborock on their first product to launch with a stereo camera and a Qualcomm APQ8053 heterogeneous processor – powering the MaxV with cutting-edge on-device computation performance plus long-lasting battery life – in an effort to bring the next generation of innovative robot vacuums to life.”

Advanced Obstacle Recognition and Avoidance

  • Stereo camera – The Roborock S6 MaxV is equipped with a stereo camera on the front that captures detailed images at a maximum speed of 30 fps, allowing powerful image processing to recognize and avoid common obstacles including pet waste, scales (weighing), or shoes.
  • ReactiveAI – This obstacle avoidance technology utilizes a Convolutional Neural Network for image processing – trained on tens of thousands of images and powered by a fast and powerful Qualcomm® APQ8053 processor.

Roborock’s Most Powerful Robot Vacuum Yet

  • Powerful suction – With its 2500Pa of suction, which offers 25% more suction power than its predecessor the S6, the S6 MaxV is Roborock’s most powerful vacuum cleaner ever launched, now picking up even finer dirt from hard floors and reaching deeper into carpets.
  • Battery life – The S6 MaxV also has an extra-large 5200mAh battery – allowing it to clean for up to three hours (in quiet mode). Smart Top-Up allows the robot to recharge just enough to complete a large clean when needed.

Beyond Hardware

  • Multi-level maps – New clever software features are continually being introduced. In particular, multi-level mapping technology, a feature in high demand by customers, allows the robot to automatically recognize different levels of a home.
  • Every floor can now have its own set of No-Go Zones and No-Mop zones, and the already popular automatic room recognition feature – which automatically splits each level into rooms – can also be extended to multiple floors.

The Roborock S6 MaxV will be available in the US at the end of Q2 for $749 RRP.
In addition, the company also added the Roborock E4 to its E-Series lineup today. The robotic vacuum, available on Amazon for $299, features precision sensors and an internal map, enabling it to know where it has cleaned and what areas still remain.

For more information on either product visit us.roborock.com. 

About Roborock

Roborock specializes in the research, development, and production of robotic home cleaners and other cleaning appliances. It develops and produces robot vacuums under its Roborock brand, as well as creating robot vacuums for one of China’s largest technology companies, Xiaomi. Each robot it builds is designed to fulfill a singular purpose: To give people more time to spend on the things they love. Currently, Roborock is available in 40 countries, including the U.S., Germany, France and Spain. The company operates out of four locations, with offices in Beijing, Shanghai, Shenzhen, and Hong Kong.

Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated, registered in the United States and other countries.

Qualcomm APQ8053 is a product of Qualcomm Technologies, Inc. and/or its subsidiaries.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/the-new-roborock-s6-maxv-sets-innovative-navigation-standard-in-home-robotics-301049138.html

PR Newswire

Huntkey Develops Car Air Purifiers for Global Markets

Leave a comment

SHENZHEN, China, April 26, 2020 /PRNewswire/ — Huntkey, a leading global provider of power solutions, is developing and testing its car air purifiers for global markets after its successful launch in China. The car air purifier is portable and small as a water cup that is well-suited for cars, and most importantly, it features photocatalyst filters to efficiently enhance its purification ability.

Huntkey Car Air Purifiers:
https://en.huntkey.com/products/air-purifiers/

Photocatalyst is a catalyst that is can energized by ultraviolet (UV) light then to make it easier for a chemical reaction more likely to happen, in a photocatalytic air purifier, it is typically a substance called titanium dioxide. By this means, a photocatalyst air purifier is able to clean air by decomposing airborne hazards instead of absorbing them, and this is a key difference between photocatalyst air purifiers and the ordinary ones.

In the Huntkey’s car air purifier, the photocatalyst uniformly adheres to a substrate forming a film that lots of photocatalyst particulars are exposed to the surface and they can perform efficiently, which is called the photocatalyst filters. Activated by UV light, the photocatalyst filters will decompose at least 99% of the viruses, bacteria and volatile substances from smells into carbon dioxide and water, resulting in no secondary pollution that is usually caused by means of absorbing in many ordinary air purifiers.

However, photocatalyst can’t solve the problem of some particulates, like dust and smoke. To ensure high purifying effect, the car air purifier combines photocatalyst filters with a HEPA filter to form a comprehensive and strong system that is able to remove a whole range of air pollutants. It features two air inlets near the bottom, HEPA and photocatalyst filters, as well as an ultraviolet lamp in the middle, and one air outlet on the top. The polluted air firstly will be pre-filtrated by the HEPA filter to remove particles, and than sterilized by the photocatalyst filters to kill viruses and bacteria, finally fresh air will come out from the outlet.

In the car air purifier, the photocatalyst filters are built-in parts that don’t need to be replaced or renewed regularly since they are non-consumable, while the HEPA filter is detachable that it is packed independently. One car charger and micro USB cable are also included in the package. To meet different preferences, three color options – red, golden and grey for the air purifier will be available.

For more information, please visit: http://en.huntkey.com/  

About Huntkey

Huntkey Enterprise Group, founded in 1995 and headquartered in Shenzhen, is a member of The International Power Supply Manufacturer’s Association (PSMA) and a member of The China Power Supply Society (CPSS). With branch companies in the USA, Japan and other areas, and cooperating factories in Brazil, Argentina, India and other countries, Huntkey has specialized in the development, design, and manufacturing of PC power supplies, industrial power supplies, surge protectors, adapters and chargers for many years. With its own technologies and manufacturing strength, Huntkey has served Lenovo, Haier, DELL, Bestbuy and many other large enterprises for years, and has received unanimous recognition and trust from most of the customers.

Cision View original content:http://www.prnewswire.com/news-releases/huntkey-develops-car-air-purifiers-for-global-markets-301047227.html

PR Newswire

Educational Platform Toolshero Offers Global Support in Self-development During Quarantine

Leave a comment

ROTTERDAM, Netherlands, April 24, 2020 /PRNewswire/ — The Coronavirus has surprised us worldwide and forced many people to stay indoors. In trying to make the best of the situation, students and professionals are finding ways to study and work from home. And as the usual day-to-day activities become less or no longer possible, the daily hustle and bustle is replaced with quiet time. This creates new opportunities. For those who want to use this valuable time to educate, develop and empower themselves, Toolshero offers immediate support.

Toolshero ambassador Sheryl Lynn
Toolshero ambassador Sheryl Lynn

Toolshero is an educational platform that makes personal and professional development attainable for everyone by making access to knowledge easy and affordable. During quarantine, toolshero will provide our global community with free access to its online platform for a full month. This gives visitors access to 750+ practical scientific articles on a wide range of topics such as leadership, communication, creativity, marketing, psychology and personal development. These high-quality articles are enriched with templates, worksheets and images, making learning easier and faster.

More than 10 million people in over 100 countries already use the toolshero platform and with its continuous expansion, toolshero is realizing its vision of contributing to a more empowered world. “I’m very proud to be a toolshero ambassador,” says international DJ and former beauty queen Sheryl Lynn Baas. “Especially during these challenging times, I think it’s amazing that toolshero is offering global support. Ever since I competed at Miss World in 2006 and founded the Sheryl Lynn Foundation, education and empowerment have been my advocacy, so I’m excited to help spread the good news!”

More information

Toolshero supports people worldwide to empower themselves through an easily accessible and high- quality educational platform for personal and professional development. The goal is to provide students, professionals, scientists and interested people everywhere with the opportunity for growth by offering them educational tools for further self-development. This valuable know-how can be used in daily practices and the gained expertise of our platform users can be shared with the people around them. This is how we empower our world together.

Kindly visit www.toolshero.com/subscribe for more information.

Logo – https://techent.tv/wp-content/uploads/2020/04/educational-platform-toolshero-offers-global-support-in-self-development-during-quarantine.jpg
Photo – https://techent.tv/wp-content/uploads/2020/04/educational-platform-toolshero-offers-global-support-in-self-development-during-quarantine-1.jpg

PR Newswire

COVID-19 Pandemic Impact: Freight Activity Falls After Historic Rise with Disruption Ahead – Double Digit Impact Expected in Q2

Leave a comment

ABI Research whitepaper identifies the short-and long-term impacts the global pandemic will have on Freight Transportation and Logistics

OYSTER BAY, New York, April 21, 2020 /PRNewswire/ — It is no surprise that the COVID-19 outbreak has led to panic buying of items such as toilet paper and sanitizing supplies. However, this buying behavior has led to a massive need for trucks to help restock stores, shrinking the capacity available for other products. The result is a historically tight trucking market that has dropped 20% in volume in just the last two weeks, states global tech market advisory firm, ABI Research.

“Rising costs, shrinking capacity, and panicked customers are shaking up the freight transportation and logistics markets,” says Susan Beardslee, Principal Analyst at ABI Research. The American Association of Port Authorities sees 1Q volume decreased by at least 20%, including blank sailings, which may cost carriers US$1.9 billion. Rail freight is also impacted with intermodal down by approximately 50%, including from California’s Long Beach and Los Angeles ports (the leading container ports in the United States and the busiest in the Western Hemisphere). Global air cargo volumes for the last month are expected to be down 9%. New restrictions on passenger travel from much of Europe to the United States will further affect air cargo capacity. DHL alone is reporting an impact of US $79 million to February earnings. All of this adds to the already existent decreases due to the China-U.S. tariff tensions.

“In the short term, there has been more than a six-week delay in shipments for cargo sourced from China. Other markets from Vietnam to Mexico often rely on Chinese components and raw materials, creating a knock-on effect to the supply chain, including transportation and logistics. The initial loss of road transport demand has begun in the ports and is moving to the warehouses and inland routes. Cargo capacity demand in China is beginning to demonstrate some initial signs of growth, with airfreight between China and the United States growing 27% over the last 14 days, creating a demand/supply imbalance,” Beardslee explains. This capacity challenge will move to containers (stranded outside of China) and trucks. However, as the virus has continued to spread outside of China, government actions have included restrictions on travel from 26 European countries to the United States. “Belly cargo” (air cargo) is transported via passenger flights, estimated to be 50% of all air cargo. When this capacity is drastically removed between Europe and the United States, availability will be significantly impacted and spikes in pricing are expected.

“In the longer term, there is little visibility to forecast, which will have a material impact on transportation and logistics this year. The virus is now impacting the global supply chain, with a current estimate of 113 countries identified as reporting cases. Transportation requirements will be hard to predict. Both capacity and pricing swings are anticipated across transportation modes, with the associated impact to shippers worldwide,” says Beardslee.

Shippers need to evaluate options and model changes across modes of transportation, considering interruptions, delays, and significant price increases. Both manufacturers and retailers need to develop prioritization plans for customers, potentially with set limits per customer. Systems integration whenever possible (ERP, Transportation Management System (TMS), Warehouse Management System (WMS)), along with predictive analytics/scenario modeling, is ideal. “Finally, keep in mind that as some countries begin to scale up production and transportation, others may move into containment strategies to address an outbreak. This will require near-real-time visibility across modes and the flexibility to adjust everything from inventory quantities and locations to substitution whenever possible,” Beardslee advises.

For a clearer picture of the current and future ramifications of COVID-19 across technologies and industries, download the whitepaper Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets.

About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research’s global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. 

ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info:                                                              

Global                                                             
 Deborah Petrara                                                           
Tel: +1.516.624.2558                                                    
pr@abiresearch.com      

Logo – https://techent.tv/wp-content/uploads/2020/04/covid-19-pandemic-impact-freight-activity-falls-after-historic-rise-with-disruption-ahead-double-digit-impact-expected-in-q2.jpg  

PR Newswire

Vestiaire Collective Raises €59 Million to Support Its Community in Changing the Fashion Industry for a Better Tomorrow

Leave a comment

PARIS, April 21, 2020 /PRNewswire/ —

  • The new round brings on board Korelya Capital, funds managed by Fidelity International, Vaultier7 and Cuir Invest
  • Existing shareholders Eurazeo (Eurazeo Growth & Idinvest Venture funds), Bpifrance, Vitruvian Partners, Conde Nast, Luxury Tech Fund and Vestiaire Collective’s CEO, Max Bittner also reinvest
  •  The round will be used to:
    –     Continue transforming the fashion system while offering a smart, circular and responsible alternative to throw-away fashion
    –     Jointly explore the expansion of the global business into Japan and Korea through Korelya Capital, backed by Naver
    –     Expand the launch of Direct Shipping service in the US

Ahead of Earth Day’s 50th anniversary and in this unprecedented period of uncertainty, Vestiaire Collective, the leading global platform for desirable pre-owned fashion today announces the completion of a €59 million round of financing, existing shareholders reinvest alongside new investors Korelya Capital, which is backed by Korean technology conglomerate Naver, funds managed by Fidelity International,  Vaultier7, a specialist female-led consumer fund, and Cuir Invest, which is backed by the French Leather industry.

The current economic and ecological crisis are accelerating an existing shift in consumer mindset, driven by growing criticism of waste-producing business models, and increased desire for purpose-driven brand action. As a company, Vestiaire Collective is committed to limiting the waste produced by the fashion industry, by keeping clothes out of landfill and increasing the number of times they are worn today, for a better tomorrow.

As the leading global resale platform, this round demonstrates that the Vestiaire Collective model embodies the future of the fashion industry and unifies growing consumer sentiments. Following the COVID-19 crisis, we expect:

  • Further adoption of online shopping, but more importantly an increased focus on social values and communities, with more people supporting each other.
  • Consumers are set to become increasingly resourceful as they look to resale as an additional way to raise funds and find unexpected value in their wardrobe.
  • Environmental concerns will further drive a more conscious approach to consumption, as 20% of consumers expect to reduce their clothing consumption following the crisis*.

Vestiaire Collective has seen deposits and orders quickly rebound to the pre-COVID 19 baseline or above. During this challenging period this clearly demonstrates customer demand for circular business models, both now and looking ahead to the future of the rapidly evolving retail landscape.  

Vestiaire Collective encourages a move away from throwaway fashion towards quality that lasts and holds value. We believe that today, our community of over 9 million fashion activists will be proud to lead by example and spread the word converting more consumers to the cause. Because in the end, it’s not the big, impressive statements that will make the most impact, but the meaningful change taken every day by individuals, no matter how small or large. We trust Vaultier7 as members and ambassadors of the Vestiaire Collective community to help us build on this momentum by expanding in the most thoughtful way. We are also excited by their extraordinary network which will  support us in further unlocking underutilized personal luxury goods to meet the demand of buyers globally.

This new round of funding will also allow for further acceleration of Vestiaire Collective international business beyond the countries where the company’s community is already well established. Currently, over 80% of the French headquartered company’s transactions are already generated cross-border.

Thanks to Korelya Capital, which is backed by Korean technology conglomerate Naver, Vestiaire Collective will jointly explore the expansion towards Japan, the biggest resale market in the world, and Korea in 2020 and beyond.

Finally, this round will help us continue to drive ambitious growth in the US market and further develop our successful Direct Shipping model. Launched in Europe in September 2019 the service is increasingly popular with a growing number of customers. Currently already over 50% of orders in the EU are fulfilled through the new service, which is also growing at a rate of +60% MoM. The model will be launched in the United States in early summer followed by Asia before the end of 2020.

Max Bittner, CEO of Vestiaire Collective - Investment Announcement
Max Bittner, CEO of Vestiaire Collective – Investment Announcement

Max Bittner, Vestiaire Collective’s CEO comments:

“I am personally convinced that this unprecedented period of disruption will not only challenge where we shop but how we shop. Vestiaire Collective was built during the 2008 crisis, and proves today how it can help people in their daily life to make the most out of their belongings, but also to access fashion in a sustainable and conscious way. Everyday, I feel proud and amazed by our global community of fashion activists who are leading the way towards a brighter future.”

Paul Degueuse, General Partner of Korelya Capital says,

“As we all take a step back and contemplate the way we live, we believe consumption patterns are on the verge of a deep structural evolution, and C2C platforms have a strong role to play here. We see in Vestiaire Collective an emerging leader and catalyst of this upcoming disruption. We are extremely enthusiastic to support Vestiaire Collective and its founders in its expansion. There are tremendous opportunities for growth in Asia, and we look forward to helping the company accelerate its expansion in this part of the globe.”

Vaultier7 comments:

“Vestiaire Collective has transformed the way people consume desirable and luxury fashion with its trusted and inspirational resale model and we are truly proud to be there at this time to support them in their mission, and support buyers and sellers across the globe on their path to cautious, minded consumption, values which are more important than ever and which are at the core of Vaultier7.”

Frank Boehly, Président of SIC SA investor Cuir Invest, says,

“Cuir Invest is happy to support Vestiaire Collective, as it is a company with an impressive management team, and huge growth potential. We have been impressed by the technological quality of the solution, by the quality and the dynamism of the management team, and by their intelligent and sustainable approach to fashion. We truly believe that Vestiaire Collective can become the world leader in their sector.”

NOTES TO EDITORS:
*McKinsey Covid-19 response in Apparel and fashion study 

About

About Vestiairecollective.com Vestiaire Collective is the leading global platform for desirable pre-owned fashion. Curated by its trusted community of fashion lovers, members inspire one another whilst selling and buying unique pieces from each other’s wardrobes. Encouraging consumers to join the circular economy as a sustainable alternative to throw-away fashion, the platform is unique due to its highly engaged community, its rare desirable inventory and its authenticity and quality control process. Launched in Paris in October 2009, Vestiairecollective.com has over 9 million members across 90 countries worldwide with offices in Paris, London, New York, Milan, Berlin and Hong Kong. Over 60,000 new items are submitted by its community of sellers every week, which enables buyers to search amongst highly coveted and sold out fashion pieces whilst participating in the circular fashion movement. @vestiaireco

ABOUT VAULTIER7

Founded by experienced dealmakers Montse Suarez and Anna Sweeting, and backed by elite investors, Vaultier7 is the UK’s first specialist investment fund dedicated to partnering high growth category creators and disrupters in the converging sectors of Beauty & Personal Care, Health & Wellness and Lifestyle.

Vestiaire Collective - Investment Announcement
Vestiaire Collective – Investment Announcement

Photo – https://techent.tv/wp-content/uploads/2020/04/vestiaire-collective-raises-e59-million-to-support-its-community-in-changing-the-fashion-industry-for-a-better-tomorrow-1.jpg 
Photo – https://techent.tv/wp-content/uploads/2020/04/vestiaire-collective-raises-e59-million-to-support-its-community-in-changing-the-fashion-industry-for-a-better-tomorrow-2.jpg
Logo – https://techent.tv/wp-content/uploads/2020/04/vestiaire-collective-raises-e59-million-to-support-its-community-in-changing-the-fashion-industry-for-a-better-tomorrow.jpg

PR Newswire

Blue Hat Holds “Smart Immersive Education Classes” Experience Session for Xiamen Preschool Principals

Leave a comment

XIAMEN, China, April 16, 2020 /PRNewswire/ — Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT), a producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, today announced that principals from 20 preschools in Xiamen were invited for a tour of the Company in which they were able to experience Blue Hat’s new range of smart AR immersive educational products first hand and participate in an in-depth information sharing session.

The event, organized by the Blue Hat Preschool Education Research Institute, also marked the opening of Blue Hat’s new Smart Immersive Education Classes Experience Center at Blue Hat’s headquarters, used to demonstrate Blue Hat’s new product range to potential clients.

At the event preschool principals had the opportunity to experience the products, including Blue Hat’s “Smart Immersive Cognitive Education Classes,” “Smart Screen Immersive Education Classes” and “Smart Immersive Physical Education Classes” firsthand, with a discussion session also held in which participants gave suggestions regarding future product iterations and applications.

“The application and use of AR technology, in terms of both hardware and software, is just beginning in the education industry,” said Mr. Xiaodong Chen, Chief Executive Officer of Blue Hat. “AR technology combines the physical with the virtual, and is a perfect complement for leading educational approaches such as situational learning and constructivism. Blue Hat is delighted with the success of this latest event, which confirms the market recognition and acceptance of our Smart Immersive Education Classes, and has significantly increased the profile of our products in Xiamen. In the future we intend to hold more of these events across China to enhance market recognition and promote a new data-based, smart and immersive style of preschool education.”

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.

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:

Lexie Zhang
Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
Email: ir@bluehatgroup.net

Sam Martin
The Foote Group
Phone: +86 187-0160-0950
Email: sam@thefootegroup.com

Cision View original content:http://www.prnewswire.com/news-releases/blue-hat-holds-smart-immersive-education-classes-experience-session-for-xiamen-preschool-principals-301041822.html

PR Newswire

Tukatech Introduces Industry’s First Virtual Digitizing and Home Printing

Leave a comment

LOS ANGELES, April 16, 2020 /PRNewswire/ — There have been many firsts for Southern California based Tukatech Inc. Today, the leader in fashion technology announced the first ever virtual digitizing and home plotting/printing system to the apparel industry. These new features, accessible through TUKAcad subscription, allow users to digitize patterns on any flat screen and print them in the comfort of their home, no need for a clunky station with large digitizing and plotting equipment.

Tukatech Introduces Industry’s First Virtual Digitizing and Home Printing
Tukatech Introduces Industry’s First Virtual Digitizing and Home Printing

Users can access the Virtual Digitizer in TUKAdesign (pattern making and grading system) to trace physical patterns using a flat screen monitor in place of a digitizing board. Digital photos or scans of patterns can also be imported for a more flexible workspace.

Plotting is now possible with any home printer. The new printing tool breaks the pattern pieces across a grid of standard-sized pages. A simple layout guide shows where to join the pages, at which point the pattern pieces can be cut out with scissors. Watch an overview of Virtual Digitizing and Home Printing.

“As people continue to work from home due to COVID-19, these new features become significant for designers and pattern makers. They can easily equip themselves with a complete end-to-end solution without the bulk. One CAD system, a monitor and a printer are all you need,” says Sean Kim, Director of Technical Services at Tukatech.

Earlier in January, Tukatech disrupted the industry with the first ever Automatic Pattern Making solution, TUKA-APM. With TUKA-APM, a person of any skill level can complete a graded pattern in seconds. “Since the start of Tukatech in 1995, my focus has and remains to simplify the product development process. Tukatech is known to be the innovators of fashion technology and the first to introduce many new features and solutions,” says Ram Sareen, Founder and CEO of Tukatech. “The virtual digitizer and home plotting features not only simplify the process but put less strain on those strapped with cash and do not have a digitizer or a plotter in their current budget. This is an affordable and quality option for home businesses to help run their business,” continues Sareen.

For more information about TUKAcad subscriptions please visit: www.tukaweb.com/subscriptions.

About Tukatech – Tukatech was founded in 1995 with the objective to have pattern makers create patterns digitally on the computer. On their silver anniversary, Tukatech is an influential fashion technology company known worldwide for innovative solutions and superior technical support. They are the industry’s leading provider of fashion software and machinery for product development, cloud collaboration, and garment manufacturing. Visit us at: https://tukatech.com/.

Contact: tukateam@tukatech.com