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PR Newswire

ELEGOO Preps Kickstarter for PHECDA Laser Engraver with Air Purifier Function

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– PHECDA is ELEGOO‘s latest attempt to reduce the entry barriers for laser engraving machines

SHENZHEN, China, April 8, 2023 /PRNewswire/ — ELEGOO, the renowned 3D printing machine brand, has announced the launch of its first laser engraving machine, the PHECDA, on Kickstarter on April 8, 2023, at 2:00 PM UTC. The early-bird price at $240, this machine is expected to become a game-changer with its affordable price and exceptional features, including a unique air purifier function that filters harmful particles, making it the first-ever laser engraving machine with this functionality.


The PHECDA’s most significant attraction is its affordability, as it boasts the same features as other machines on the market but at half the price. For example, the early bird price for the PHECDA 10W is only $240, while the 20W model is only $400, a discount of up to 60% on the market price. In addition to this, customers can also purchase filter cartridge, rotary attachment, honeycomb working panel and air assist on their demand. This remarkable pricing strategy is a testament to ELEGOO’s commitment to making high-performance equipment available to everyone. With this Kickstarter campaign. ELEGOO is setting a new standard when it comes to the price of laser engraving technology.

The PHECDA’s 400mm x 400mm engraving size, up to 20W power, and compatibility with materials such as metal, leather, and wood make it a versatile tool for artists, small business owners, and DIY enthusiasts alike. Additionally, the PHECDA is compatible with a rotary axis module that can engrave cylindrical and curved objects, opening up endless possibilities for customization, which is great for creating personalized gifts and artwork.


The PHECDA’s ultra-affordable pricing demonstrates ELEGOO’s goal of eliminating the stereotype that laser engraving machines are too expensive for the average maker or hobbyist. By providing a highly affordable product with acceptable profit margins, ELEGOO aims to lower the entry barriers for laser engraving machines. This move is expected to increase the number of users and lead to a virtuous cycle of feedback and data that will drive the development of even better and more user-friendly machines in the future.

The PHECDA comes equipped with a revolutionary air purifier that filters out harmful particles generated during the engraving process. The PHECDA’s magnetically sealed light-shielding cover and the smoke-filtering device work together to create a relatively enclosed and silent engraving environment, effectively reducing the emission of harmful gases.

ELEGOO’s commitment to making high-quality, affordable products has propelled them to the forefront of the 3D printing industry, with their products consistently praised for their exceptional value for money. The PHECDA laser engraving machine is no exception, and with its exclusive air purifier functionality, it is expected to be a game-changer in the laser engraving industry.

For more information about the PHECDA laser engraving machine and to support its Kickstarter campaign here starting from April 8, or you can also stay up-to-date with Elegoo on social media through their  Elegoo’s official website.  Facebook, Instagram, Twitter, YouTube, and Tiktok.

PR Newswire

TCL PARTNERS WITH ARSENAL TO ENHANCE CONSUMER ENGAGEMENT IN THE MIDDLE EAST, AFRICA AND EUROPE

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Utilizing innovative Mini LED and QLED TV offerings to unite football fans as they experience new realms of entertainment together.

HONG KONG, April 7, 2023 /PRNewswire/ — TCL, a Global top 2 TV brand, has announced a new partnership with Arsenal Football Club. The collaboration will give Arsenal supporters in the UK, Middle East and Africa more opportunities to engage with the club, while also increasing TCL’s expanding footprint in sport by becoming the club’s Official Regional Consumer Electronics Partner in those markets.

With a mission to Inspire Greatness, TCL understands the impact sport has on people around the world and the new partnership aims to engage supporters around their common passion for football.

TCL PARTNERS WITH ARSENAL
TCL PARTNERS WITH ARSENAL

TCL will provide Arsenal supporters with exclusive club content and exciting deals on a product range including TVs, white goods and home appliances. Supporters will have the opportunity to participate in competitions and games with the lucky winners receiving official Arsenal gifts and merchandise. TCL will also invite its customers to watch live matches at Emirates Stadium as well as meet and greets with current players and legends.

“We are thrilled to partner with Arsenal Football Club, one of the most prestigious football clubs in the world,” said Sunny Yang, General Manager TCL Middle East and Africa. ” This partnership will allow us to bring our innovative and high-quality products to Arsenal’s passionate and loyal supporter base in the Middle East, Africa and the UK. Our values of progression, positivity and inspiration are aligned to those of Arsenal and we’re excited to work together to engage supporters around the world in their common love for football.”

Juliet Slot, Arsenal’s Chief Commercial Officer, said: “We are delighted to welcome TCL to our family of partners. This partnership represents an exciting opportunity for both Arsenal and TCL to engage with our supporters in the Middle East, Africa and the UK. We look forward to working closely with TCL to bring the best viewing experience to our fans in the region.”

Leaders On and Off the Field – The Powerful Pairing of Technology and Sports

TCL recognizes that TVs have the unique ability to connect and inspire people around the world, by immersing them in the action that unfolds on screen. Of all the TV content available, there is undeniably something magical about watching live sport and feeling the exact same emotion that millions of other viewers across the world are feeling at the same time. With its range of XL screens measuring up to 98″, TCL ensures consumers never miss a moment of the action and makes them feel like they are right there on the sidelines.

About TCL

TCL Electronics (1070.HK) is a fast-growing consumer electronics company and a leading player in the global TV industry. Founded in 1981, it now operates in over 160 markets globally. TCL specializes in the research, development and manufacturing of consumer electronics products ranging from TVs, audio and smart home appliances.

PR Newswire

SHEIN X Incubator Program to Recruit 500 New Aspiring Designers and Artists in the U.S. in 2023

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Inaugural SHEIN X Design Summit gathered hundreds of designers and artists for showcases, panels and networking opportunities with fashion industry experts as SHEIN looks to onboard 500 more to the SHEIN X program in the U.S.

LOS ANGELES, April 7, 2023 /PRNewswire/ — On Saturday, April 1, SHEIN, the global e-retailer of fashion, beauty and lifestyle products, hosted the company’s first-ever SHEIN X Design Summit, which gathered hundreds of artists and designers, as well as industry leaders, at City Market Social House in Los Angeles, California. The event celebrated independent designers and encouraged them to leverage the company’s flagship incubator program, SHEIN X, to take their businesses to the next level, no matter their level of experience. Since the program’s launch, 1,500 aspiring designers from the U.S. have been empowered through SHEIN X, and the company is looking to onboard 500 more in the U.S. in 2023.

Marisa Runyon, Laura Kim, Maeve Reily, LaQuan Smith, Gary Wassner (Photo Credit: Virisa Yong/BFA.com)
Marisa Runyon, Laura Kim, Maeve Reily, LaQuan Smith, Gary Wassner (Photo Credit: Virisa Yong/BFA.com)

“The idea for this summit came from SHEIN X designers themselves,” George Chiao, SHEIN’s U.S. president, said at the event. “We’re always looking for feedback from our designers, and several wanted an educational opportunity where they could come together, get to know one another, and learn more about how to build their brands – all while having some fun. We hope we delivered on that today, and we’ll continue to identify ways to empower SHEIN X designers and improve their experience with the program.”

The day-long summit featured designer-dedicated programming and networking opportunities, including panels with LaQuan Smith, designer and founder of LaQuan Smith; Laura Kim, co-creative director at Monse; Maeve Reilly, celebrity stylist; Gary Wassner, CEO of Hilldun Corporation; Evette, co-founder of Act of Faith and founder of EXO Cosmetics; Racquel Natasha, influencer, designer and founder of Natasia swimwear; and Josephine Skriver, model and co-founder of JOJA. There was also a performance from The Future X, where the group announced each member will be partnering with a SHEIN X designer to launch their own capsule collection on SHEIN’s platform.

Attendees onsite had the opportunity to connect with stylists, merchandisers, buyers, influencers and other industry professionals, including top performing SHEIN X designers Armand Medhiri, Kenya Freeman and Valerie Campbell of Freak City, who shared their personal experiences with the program and advice for other aspiring creatives.

“Keep going, keep going, keep going,” said Freeman, who launched her first collection with SHEIN X in 2021. “For me, my career has been a long road, with a lot of twists and turns, but when you wake up each day and know you’re doing what you’re here to do, there’s nothing like it. The SHEIN X program has opened so many doors for me, and I’ve never been more excited for what’s ahead.”

More than 20 SHEIN X designers from around the world also showcased their personal collections at the summit. Following the showcase, SHEIN X designers Danielle Brion, Veronica Diaz Montalvo and Jade Breyon were chosen for a previously announced mentorship opportunity with Kim, while SHEIN X designer Francesca Lazzari was chosen for a mentorship program with Reilly.

From just seven designers when the program launched in January 2021, the SHEIN X incubator program has grown to almost 3,000 designers globally, launching more than 25,000 original creations. SHEIN has invested more than $55 million into the program and guides participants through the end-to-end process, from product development, to manufacturing, to marketing and supply chain logistics. Importantly, SHEIN X designers maintain ownership rights to their SHEIN X designs. Since the launch of SHEIN X, SHEIN X artists and designers around the world have earned over $5 million in commission from the sale of SHEIN X products.

All of the SHEIN X Design Summit panels were livestreamed on the SHEIN app, as well as SHEIN’s official Instagram and TikTok accounts. Video recordings of the panels can be found below and photos from the summit can be found here.

Panels:

ABOUT SHEIN

SHEIN is a global fashion and lifestyle e-retailer committed to making the beauty of fashion accessible to all. We use on-demand manufacturing technology to connect suppliers to our agile supply chain, reducing inventory waste and enabling us to deliver a variety of affordable products to customers around the world. From our global offices, we reach customers in more than 150 countries. To learn more about SHEIN, visit www.SHEINgroup.com.

PR Newswire

JS Global Reports Fiscal Year 2022 Financial Results

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HONG KONG,  March 31, 2023 /PRNewswire/ — JS Global Lifestyle Company Limited (Stock code: 1691.HK) (“JS Global” or the “Company”), a world-leading producer of small household appliances that operates three major brands: Shark, Ninja and Joyoung, today reported its financial results for the fiscal year ended December 31, 2022.

“I am pleased with all we accomplished in 2022 while navigating a challenging global macro environment,” said Wang Xuning, Chairman and Chief Executive Officer of JS Global. “We continued to grow market share in both existing and new categories across the key markets in which we operate. Major product launches in 2022 have already seen incredible success, as they were a key factor in driving a strong finish to the year and are now providing us with significant momentum in 2023. JS Global is highly differentiated by the strength of our brands and our high quality, rapid product innovation that consistently delivers extraordinary value to our consumers globally. We look forward to 2023 as we remain focused on our strategy to deliver sustainable, long-term growth by driving increased sales of our existing products as well as combining powerful technology with appealing designs to develop innovative new products.”

Fiscal Year 2022 Financial Results and Commentary

  • Revenue was US$5,041.2 million for the fiscal year, a decrease of 2.1% compared to the prior year period. On a constant currency basis, revenue increased by 0.7%.
    • SharkNinja’s revenue was US$3,715.9 million for the fiscal year, flat compared to the prior year period. On a constant currency basis, revenue increased by 2.4%.
    • Joyoung’s revenue was US$1,325.3 million for the fiscal year, a decrease of 7.7% versus the prior year period. On a constant currency basis, revenue decreased by 3.7%.
  • Profit was US$357.5 million for the fiscal year, a decrease of 22.4% versus the prior year period.
  • Adjusted Net Profit was US$425.6 million for the fiscal year, a decrease of 15.3% versus the prior year period.
  • Profit Attributed to Owners of the Parent was US$332.3 million for the fiscal year, a decrease of 21.0% versus the prior year period.
  • Adjusted Net Profit Attributed to Owners of the Parent was US$393.8 million for the fiscal year, a decrease of 15.1% versus the prior year period.
  • EBITDA was US$624.5 million for the fiscal year, a decrease of 12.2% versus the prior year period.
  • Adjusted EBITDA was US$673.0 million for the fiscal year, a decrease of 8.2% versus the prior year period.

 Recent Business Highlights

  • JS Global’s revenue has grown by 67.1 % compared to 2019 led by the continued success and expansion of the Shark and Ninja brands, as well as gross profit growth of 66.9% compared to 2019.
  • Shark brand remains the vacuum brand in the U.S., while Ninja brand continues to be the brand in small kitchen appliances in the U.S. Our market share within cleaning appliances grew from 32.0% to 34.6%1, cooking appliances declined from 27.4% to 26.2%2, and food preparation appliances grew from 33.4% to 36.1%3 in the U.S.

Balance Sheet and Cash Flow Highlights

  • As of December 31, 2022, cash and cash equivalents were US$504.1 million, outstanding debt (total borrowings) was US$857.1 million, and gearing ratio (calculated as the total debt (including interest- bearing bank borrowings and lease liabilities) divided by total equity) was 45.6%.
  • Capital expenditures were US$165.3 million for the fiscal year, compared to US$ 149.6 million in the prior year period.
  • JS Global had 3,447,463,000 fully diluted shares outstanding as of December 31, 2022.

Conference Call and Live Streaming Details

  • April 3, 2023 at 7:30 a.m. ET / April 3, 2023 at 7:30 p.m. HKT: JS Global management will host an annual results presentation live stream. Investors can watch the live stream by registering on the following website: https://www.jsgl.com/en/investor/register.html. After registration, investors will receive the link to watch live stream via the registered email.
  • Annual results announcement: https://www.jsgl.com/en/investor/notice.html
  • The presentation and the Q&A section will be in both English and Mandarin and will also be archived and available for replay.
  • You can ask questions in the “question area” of the page or by dialing in using the information below.

Investors can also dial-in to listen the audio of the live stream and to ask questions:

  • United States dial-in: 1-516-226 8028/1800 3876 988
  • Mainland China dial-in: 4008070263/ 023-62737100
  • Hong Kong dial-in: 852-3018 3602/800 931018
  • Singapore dial-in: 65-6407 5649/65-6622 0840
  • United Kingdom dial-in: 44-20-3761 0113/0800 0291098
  • English Passcode: 898958701#
  • Mandarin Passcode: 032514758#

After joining the conference call, participants can press *1 to raise hand to ask a question. Both English and Mandarin questions will be accepted.

Source:

1. The NPD Group/Retail Tracking Service, U.S. dollar sales, January-December 2022 vs. January–December 2021. “Cleaning appliances” include Bare Floor Cleaners, Upright Vacuums, Stick Vacuums, Robotic Vacuums, and Hand Vacuums

2. The NPD Group/Retail Tracking Service, U.S. dollar sales, January-December 2022 vs. January–December 2021. “Cooking appliances” include Air Fryers, Fryers, Electric Grills, Other Electric Grills/Griddles, Multi-Cookers, and Toaster Ovens

3. The NPD Group/Retail Tracking Service, U.S. dollar sales, January-December 2022 vs. January–December 2021. “Food preparation appliances” include Juice Extractors, Traditional Blending, Kitchen System, Single Serve Blending & Processing, and Traditional Food Processors

4. Global Small Home Appliance Industry Independent Market Research, Frost & Sullivan, March 2023

About JS Global

JS Global Lifestyle Company Limited (Stock code: 1691.HK) is a world-leading producer of small household appliances. It ranks fifth globally in the small home appliance industry and third among small home appliance-focused companies.4 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.

About SharkNinja

SharkNinja is an innovation leader in the housewares industry and creator of the familiar household brands Shark® and Ninja®. SharkNinja provides the latest in easy-to-use innovative technology with a growing line of solutions that consist of Shark cleaning and home care products and Ninja kitchen appliances. Products are sold at major retailers and through distributors around the world. Ninja and Shark are registered trademarks of SharkNinja Operating LLC. SharkNinja is a subsidiary of JS Global Lifestyle Company Limited (Stock code: 1691.HK), a leader in small household appliance innovation.

About Joyoung

Joyoung (Stock code: 002242.SZ) is SharkNinja’s sister brand and has become a well-known small household electrical appliance enterprise and one of the market share leaders in China. Joyoung invented the first soymilk maker in China and closely connect the concept to plant-based solutions. With 28 years of experience and over 10,000 patented technologies, Joyoung specializes in the research and development, design, manufacturing, and sale of its innovative product categories including small household appliances, primarily focusing on kitchen appliances. Joyoung is a subsidiary of JS Global Lifestyle Company Limited (Stock code: 1691.HK), a leader in small household appliance innovation.

Media
Edmond Lococo, Managing Director, ICR Inc.
JSGlobalPR@icrinc.com

Company Contacts
Mars Chen, Investor Relations Manager, JS Global Lifestyle
mars.chen@jsgl.com

Arvind Bhatia, VP of Investor Relations at SharkNinja
ABhatia@sharkninja.com

Investor Relations
ir@jsgl.com

PR Newswire

Vipshop Announces US$500 Million Share Repurchase Program

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GUANGZHOU, China, March 31, 2023 /PRNewswire/ — Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China (“Vipshop” or the “Company”), today announced that its board of directors has authorized a new share repurchase program under which the Company may repurchase up to US$500 million of its American depositary shares or Class A ordinary shares until the close of business on March 31, 2025, U.S. Eastern Time. The Company plans to adopt and implement this share repurchase program in accordance with applicable rules and requirements under the Securities Exchange Act of 1934, as amended, and the Company’s insider trading policy.

The Company’s proposed repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The timing and dollar amount of repurchase transactions will be subject to the Securities and Exchange Commission Rule 10b-18 and/or Rule 10b5-1 requirements. The Company’s board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size. The Company expects to fund the repurchases out of its existing cash balance.

About Vipshop Holdings Limited

Vipshop Holdings Limited is a leading online discount retailer for brands in China. Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. For more information, please visit https://ir.vip.com/.

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 as well as Vipshop’s strategic and operational plans contain forward-looking statements. Vipshop 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 Vipshop’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: Vipshop’s goals and strategies; Vipshop’s future business development, results of operations and financial condition; the expected growth of the online discount retail market in China; Vipshop’s ability to attract customers and brand partners and further enhance its brand recognition; Vipshop’s expectations regarding needs for and market acceptance of flash sales products and services; competition in the discount retail industry; the potential impact of the COVID-19 to Vipshop’s business operations and the economy in China and elsewhere generally; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Vipshop’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Vipshop does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Tel: +86 (20) 2233-0732
Email: IR@vipshop.com

PR Newswire

Annual Sales of Home Appliances on Shop Now Platform Increases 9-Fold Year-on-Year

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SHANGHAI, March 27, 2023 /PRNewswire/ — JDDJ and Shop Now, the on-demand retail business jointly launched by JD.com, and Dada Group (Nasdaq: Dada), has reported great growth amidst significant expansion over the last 12 months in recent annual results.

In particular, the home alliance category has seen large growth. In March, JD.com published the “JD.com Helps the High-Quality Development of the Home Appliance Industry White Paper”. The white paper revealed that the home appliance industry is embracing the innovative on-demand retail, to achieve growth.

In 2022, sales in this category on JD Shop Now increased by more than 9 times year-over-year, making it of the most important channels for top home appliance brands.

As the key players in JD.com’s omni-channel service, JD Shop Now and JDDJ has connections to 11,000 brick-and-mortar home appliance stores, which accounts for about 60% of the top home appliance manufacturers and covered 300 cities in China.

As the on-demand retail business in JD.com’s ecosystem, JDDJ provides consumers with a service of “order online, deliver from nearby stores within one hour”. Based on analysis of home appliance trends, JDDJ identified the pain points of physical stores and provided integrated solutions in connecting off- and on-line inventories, user and service digitalization, to optimize cost, efficiency and experience.

As for large and heavy appliances, together with well-known merchants, JDDJ has established a “deliver and install” service, which can be fulfilled as quickly as the next day. The innovative service has greatly improved consumers’ experiences in home appliance consumption.

Since last year, home appliance’s on-demand retail business has been growing rapidly, and the online sales of offline stores are expected to exceed RMB 10 billion yuan in the next two years.

The key of on-demand retail is the digitalization of traditional stores. As the representative of open platform model, JDDJ does not touch the inventory, and brings high quality products and services to consumers together with all-category retailers and brand owners on-board.

By merging the borders of online and offline shopping, the omni-channel retailing model extensively integrates physical and digital channels, resources and capabilities to bring the ultimate experience to consumers while stimulating greater consumer potential.

At present, there is a surging need from retailers and brand owners for access to online traffic and efficient on-demand fulfillment solutions. More retailers are now starting to build their own O2O team and by leveraging JDDJ, they can expand their on-demand retail business rapidly.

About cooperation between Dada Group and JD.com

In October 2021, Dada Group and JD.com jointly launched the Shop Now service, and “Nearby”, a new tab on the homepage of JD.com’s app, which were designed to connect customers to nearby offline stores. The new business was overall undertaken by Dada Group. Shop Now service enhances on-demand location-based retail capabilities of both Dada and JD to provide one-hour retail and delivery services for consumers and partners. By clicking into the new Nearby tab, JD’s roughly 588 million users will have the opportunity to discover offline stores within a 3-5 kilometer radius of their shipping address with a wide array of product offerings.

PR Newswire

U-tec to Launch All-new Smart Home Products at 2023 ISC West

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LAS VEGAS, March 26, 2023 /PRNewswire/ — Leading smart home brand U-tec is set to exhibit its comprehensive product lineup, new products and sub-brands at the 2023 ISC West, the largest security industry trade show in the U.S., which will be held from March 28 to 31 in Las Vegas. The company will be at booth #23067 at the Venetian Expo convention center.

Originally established as a smart lock brand, ULTRALOQ, U-tec has evolved to become a top security and automation system products provider, empowering every product line with innovation with advantages in differentiation. It is committed to creating new smart home products with through innovative technologies to help build a smarter and more convenient life. To date, U-tec has served more than 1 million customers worldwide.

At 2023 ISC West ,  U-tec will present the latest ULTRALOQ series products and solutions, including the new Bolt Series and the ULTRALOQ Air SaaS-based cloud platform.U-tec will debut a new intelligent lightbulb brand, Bright, and a smart home security camera brand named Ulticam, as well as the Power series products including smart switches and plugs.

“We are excited to participate in the 2023 ISC West trade show. U-tec’s growth strategy focuses on leveraging the U-tec whole home control cloud platform as the hub to connect smart locks, lighting, security cameras,switches and plugs, to build a new open and shared smart home ecosystem with the core technologies of AIoT and Cloud,” said Clark Ruan, Vice President of U-tec.

Bright: Smart lighting is a bright idea

Bright is the world’s first Wi-Fi mesh smart lighting bulb that enables users to control the lights from anywhere in the world and program the lights to turn off automatically when the room is empty.

The product is equipped with voice control, radar human detection and multiple controls to build a more secure home. It blends into the home with lights that dim and change color automatically, plus a High Energy Visible (HEV) light to kill bacteria when no one is around.

Ulticam: Your camera, your way

Aiming to achieve the “smartest way to keep your family safe,” U-tec is launching the newest home security camera that will help users to explore around the home regardless of where they are. The Ulticam series will bring a real sense of security to the home with a built-in-AI chip, people/vehicle/object recognition algorithm, that will connect to the mobile U-tec app, to change the way of protecting the home.

Its intuitive user interface makes it a breeze to get notifications to know what’s happening at home from anywhere – see, hear and speak to visitors in real time. The 24/7 monitoring and control sends email or text alerts.

U-tec’s products can be interlinked through IoT and cloud technology, bringing an integrated and comprehensive experience with the mobile app. To further integrate its smart solutions, U-tec is launching ULTRALOQ Air, a cloud-access control platform with unified hardware, software and services that solves the industry pain point of multi-site commercial property management.

“U-tec has come a long way in the security industry. We have the core technologies of Wi-Fi Mesh, Edge AI and battery life to create advanced products, as well as the end-to-end integration of R&D, production, design, sales and services that enables us to grow and make life smarter and better for people,” said Clark Ruan.

For more information, please visit https://u-tec.com.

About U-tec

Located in Silicon Valley, U-tec is setting new standards for smart home security with its best-in-class design and advanced technologies. Every day, U-tec helps keep more than 1 million North American customers and their assets safe.

PR Newswire

Shanghai Jahwa Accelerates Management Change and Upgrades to Lead China’s Cosmetics Industry to A New Era

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SHANGHAI, March 21, 2023 /PRNewswire/ — On March 17, Shanghai Jahwa United Co.,Ltd. (Shanghai Jahwa) held its 2023 Strategic Conference entitled “To Beauty To Youth” to share the company’s development strategy, ESG management and industry trends. Entering its 125th year, Shanghai Jahwa has created several legends in the Chinese cosmetics industry. As the Deputy General Manager, CFO and Board Secretary of the company, Min Han promoted the management change of the company, making Shanghai Jahwa the first beauty company to introduce ESG management model, and led the digital transformation of the company to achieve the integration of industry and finance, empowering business innovation and development.

Green development and harmonious coexistence have become the consensus for more and more international companies. In 2021, Min Han, as the executive of Shanghai Jahwa, promoted the company to introduce the leading ESG management concept in the international capital market and released the “Mid to Long-term Sustainable Development Outline” to accelerate the achievement of carbon peaking and carbon neutrality goals and lead the sustainable development of the company and the consumer industry. ESG requires companies to make more investments in environment, society and governance, such as using biodegradable materials and full-chain recycling along the whole chain, which will inevitably affect the company’s profit in the short to medium term. Min Han led a team to study green and low-carbon, social investment and corporate governance, starting from the company’s long-term development strategic plan. The ESG project received full support from the board of directors in 2021 after nearly two years of repeated demonstration and adequate communication with the board members, and added a medium and long-term performance consideration dimension for the management, so that the implementation of ESG on the ground can be guaranteed. The company takes green environmental protection and carbon neutral as important issues into its daily management, and promoted upstream and downstream enterprises in the industry chain to join the low-carbon ecosystem. Meanwhile, according to the company’s online development and digital transformation needs, issues such as consumer privacy protection and data security are included in the ESG issues, so that the company can enhance data security management awareness while using technology empowering (e.g. AI Face project, CRM database). As of 2022, Shanghai Jahwa has jumped to BBB status in the rating of the internationally renowned indexing company MSCI ESG, and is at the top echelon of the Chinese cosmetics industry.

With the wide application of new technologies such as AI, Blockchain, Cloud and Big Data, it is also imperative for enterprise management to embrace digitalization, which will help enterprises make more efficient and accurate decisions. Min Han mentioned in a previous interview that finance is the first step in corporate reform. As CFO, Min Han advocates accelerating the construction of financial dimensional thinking, business-financial integration and digital management transformation within the company. She proposed that “with value creation as the goal, the digital transformation of finance will be accomplished by means of quantifiable, visualized and optimized data”. Specifically, Shanghai Jahwa takes the opportunity of deep integration of digital technology and financial management to build a digital financial system featuring automated transaction processing, unmanned monthly closing, real-time risk insight, and modeled decision-making. The company has introduced a digital employee “RPA Finance Robot”, which can intelligently review 50% of financial documents and improve human efficiency. In addition, nearly 90% of business documents are intelligently booked and accounting vouchers are generated in 60 seconds, and the issuance of the monthly reports of subsidiaries is significantly shortened from 20 days in 2016 to 5 working days in 2022. The company’s financial system is interconnected with the business system without forming any data silos, and finally the data resources of the whole group are integrated and managed and deeply mined through the data center, creating an informationized and digitalized platform management ecology and enabling the efficient development of the company’s business. In recognition of Min Han’s holistic and forward-looking contributions to the digital transformation of Shanghai Jahwa and his leadership in the reform of management accounting in China, Min Han was awarded the honorary title of “IMA Honorary Management Accounting Leader” certified by IMA.

Within the new context of digital transformation, financial work, as one of the central tasks of enterprise management, is no longer limited to accounting and supervision, but requires business insight, extending its work to the whole business process, understanding the real needs of front-end business, providing business analysis and decision support for business departments, and realizing the integration of business and finance. Take the company’s Herborist brand for an example, the first Chinese herbal skin care brand rooted in the concept of yin-yang balance, which continued to lose market share from 2014-2019. Min Han led the finance team to work with the business unit to examine the brand’s product matrix, new product recruitment rate, repurchase rate, cost analysis of core individual products, brand marketing delivery efficiency, CRM customer retention, POS system single store transaction data, and impact on financial statement revenue and earnings, so that the brand has continued to improve over the past three years and has been awarded $22.5 million in 2021 from a special government program to support its medium to long-term growth.

The reason that Shanghai Jahwa can lead the industry in every stage of its 125 years of development cannot be separated from its advanced, open and inclusive corporate management philosophy and its genetically-rooted Shanghai-style characteristics. ESG management, digital transformation and integration of business and finance outline a beautiful blueprint for Shanghai Jahwa’s development in the medium to long term. Grasping the pulse of the times and integrating the century-old craftsmanship culture, we believe that in the near future, Shanghai Jahwa will bring Chinese beauty to the world.

PR Newswire

Secoo Group: Officially Accesses OpenAI and ERNIE Bot, Luxury Goods Intelligent Marketing Scene Will Be More Accurate

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BEIJING, March 17, 2023 /PRNewswire/ — Recently, Secoo Group (NASDAQ: SECO), a leading online and offline boutique lifestyle platform in Asia, announced that it has officially accessed the AIGC and ChatGPT technologies, and submitted an application for access to the multimodal GPT-4 launched by OpenAI. On February 14, Secoo Group became the first batch of ecological partners of Baidu ERNIE Bot. Today (March 17), it officially entered the experience and access stage.

Next, Secoo will combine the advantages of OpenAI’s multimodal GPT-4 technology and the Chinese version of ChatGPT Baidu ERNIE Bot, and use its own powerful global supply chain advantages and the shopping needs of more than 50 million high-end registered users to achieve interactive dialogue similar to human beings. It will complete product recommendations, selling point explanations, discount promotions, and generate visual images and videos through AI robots, reducing the cost of “shopping guide explanation”. Through the two platforms of OpenAI and ERNIE Bot, Secoo Group can accurately understand user needs, improve its intelligent marketing capabilities, explore more intelligent luxury goods marketing models, and make luxury goods intelligent marketing scenes more accurate.

On 6th February, SECOO Group announced that it would carry out in-depth research and development on AIGC and ChatGPT related technologies, realize interactive dialogue similar to real people through ChatGPT technology, further improve the richness of luxury related text and video content, commodity selling point description and other related content, and significantly improve the conversion rate. The current operation mode of luxury e-commerce has been profoundly, rapidly and completely changed with the rapid pace.

On February 14, SECOO Group (NASDAQ: SECO), Asia’s leading online and offline boutique lifestyle platform, announced that it had joined the first batch of ecological partners of the ERNIE Bot developed by Baidu, the Chinese version of ChatGPT.

About SECOO Group, the world-famous luxury shopping service platform, the only NASDAQ-listed luxury e-commerce in China, with more than 50 million high-end registered users, the well-known online and offline high-quality lifestyle platform in Asia, including more than 100 international famous luxury brands to reach direct cooperation, and more than 3800 high-end brands to gather 400000 goods from around the world, including luxury goods trading, medieval second-hand trading. Meantime, it includes fashion show, identification, maintenance, fashion wear, beauty, 3C digital, food and wine, Chinese famous items, lifestyle goods, high-end hotel reservation and other businesses who are committed to three-dimensional presentation of the world’s good things, high-end lifestyle to every user of SECOO. Give you the beauty of the world!

PR Newswire

ILIFE brings a self-emptying station to its latest robot vacuum and updates its vacuum lineup

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SHENZHEN, China, March 15, 2023 /PRNewswire/ — ILIFE Technology, a world-leading manufacturer and innovator specializing in household cleaning devices, extends its product line to T-series by releasing its newest self-empty robotic vacuum cleaner T10s today. The new product comes with a self-empty station and brings customers 60 days of hands-free cleaning. It will meet the needs for most customers with a surprising price.


High-Performance Self-Emptying Station: Featuring up to 20KPa cyclone dust-collection technology, the self-empty station thoroughly empties the robot’s dustbin in 20 seconds after cleanup in a more efficient way without clogging. The large-volume disposable 2.5L dust bag can hold up to 60 days of dust and debris. So users merely need to empty the dust bag to enjoy total 60 days of hands-free convenience.

Precise LiDAR Navigation with 2X Quicker Mapping: With 4K/S SLAM LiDAR navigation, the robot intelligently maps home floors within seconds and creates the most efficient cleaning path to ensure higher coverage. It can scan and save up to 5 floor maps and users can customize the cleaning mode, suction level, and water level for each room. Equipped with advanced anti-collision sensors, T10s also dodges daily objects on its cleaning way and detects narrow spaces to avoid getting stuck thanks to its ultra-slim design and strong anti-tangling ability.

Remarkable Cleaning with Advanced App Features: Powered by 3000Pa suction, the robot’s 2-in-1 vacuum & mop combo effortlessly captures debris, particles, dust, and stubborn stains for a deep clean on multi-surface from hardwood floors to carpets with its automatic carpet suction boost. Users can get a customized clean based on needs to set up schedules, no-go zones, and more via the app with enhanced features. Alternatively, users can instruct the robot with just a few words by using Alexa or Google Home, “Hey, Alexa, turn on ILIFE robot” to enjoy home cleaning.

Availability&Affordability: T10s is now available for purchase on Amazon and ILIFE official store. Buyers can save $120 with coupon at only $399.99 today for early bird benefit.

Earlier this month, ILIFE also updated its wet-dry vacuum lineup with the ILIFE W90, a 3-in-1 wet dry vacuum cleaner aiming at daily hard floor cleaning, which can vacuum, mop, and wash simultaneously. Though only launched a few days, it was welcomed by the customers with positive feedback. The product is available on Amazon and ILIFE’s official store. It generally retails for $249.99, but buyers can save big at only $179.99.

About ILIFE Technology

Founded in 2010, ILIFE Technology is an intelligent cleaning company focus on cleaning products including robot vacuums, floor washing machine and cordless vacuum cleaners. Follow us on Facebook, Youtube, Instagram. For more information, please visit: https://www.iliferobot.com/.