Euromonitor International

Grab targets Group Adjusted EBITDA breakeven by H2 2024 as it accelerates path to profitability

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Tuesday, September 27, 2022
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Grab Holdings Limited (NASDAQ: GRAB) announced today at its first Investor Day that it is targeting to achieve breakeven on a Group Adjusted EBITDA1 basis by the second half of 2024, as it accelerates its path to profitability.

Key Points: 
  • Grab Holdings Limited (NASDAQ: GRAB) announced today at its first Investor Day that it is targeting to achieve breakeven on a Group Adjusted EBITDA1 basis by the second half of 2024, as it accelerates its path to profitability.
  • This document also includes references to non-IFRS financial measures, which include: Adjusted EBITDA, Segment Adjusted EBITDA and Segment Adjusted EBITDA margin.
  • Segment Adjusted EBITDA is a non-IFRS financial measure, representing the Adjusted EBITDA of each of our four business segments, excluding, in each case, regional corporate costs.
  • Segment Adjusted EBITDA margin is a non-IFRS financial measure calculated as Segment Adjusted EBITDA divided by Gross Merchandise Value.

Roborock ranks first among robot vacuum makers globally in terms of sales of high-end models

Retrieved on: 
Tuesday, September 13, 2022
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BEIJING, Sept. 9, 2022 /PRNewswire/ -- According to data recently released by Euromonitor, worldwide retail sales of robot vacuums exceeded 15 million units in 2021, representing a compound annual growth rate in excess of 20% over the past five years. In particular, the Asia-Pacific region accounted for some 44.2% of the total, making it the world's largest robot vacuum market. High-end robot vacuums, generally priced at over US$500, deliver far superior performance in terms of intelligence and cleaning efficiency when compared with standard models. Last year, high-end models made up over 30 per cent of the total sales of robot vacuums. Several high-end brands, including Roborock and iRobot, together occupied over 80% of the global market. Most notably, Roborock ranked first among robot vacuum manufacturers worldwide in terms of sales of high-end models for the 12 months from July 2021 to June 2022.

Key Points: 
  • In particular, the Asia-Pacific region accounted for some 44.2% of the total, making it the world's largest robot vacuum market.
  • High-end robot vacuums, generally priced at over US$500, deliver far superior performance in terms of intelligence and cleaning efficiency when compared with standard models.
  • Last year, high-end models made up over 30 per cent of the total sales of robot vacuums.
  • Most notably, Roborock ranked first among robot vacuum manufacturers worldwide in terms of sales of high-end models for the 12 months from July 2021 to June 2022.

Roborock ranks first among robot vacuum makers globally in terms of sales of high-end models

Retrieved on: 
Tuesday, September 13, 2022
AVC, Efficiency, Love, Growth, IRobot, Environment, Intelligence, Yoy, Technology, Super Brand Mall, R, Awareness, Multimedia, Tmall, Xiaomi Smart Home, Renewable energy, Milk, Euromonitor International

BEIJING, Sept. 13, 2022 /PRNewswire/ -- According to data recently released by Euromonitor, worldwide retail sales of robot vacuums exceeded 15 million units in 2021, representing a compound annual growth rate in excess of 20% over the past five years. In particular, the Asia-Pacific region accounted for some 44.2% of the total, making it the world's largest robot vacuum market. High-end robot vacuums, generally priced at over US$500, deliver far superior performance in terms of intelligence and cleaning efficiency when compared with standard models. Last year, high-end models made up over 30 per cent of the total sales of robot vacuums. Several high-end brands, including Roborock and iRobot, together occupied over 80% of the global market. Most notably, Roborock ranked first among robot vacuum manufacturers worldwide in terms of sales of high-end models for the 12 months from July 2021 to June 2022.

Key Points: 
  • In particular, the Asia-Pacific region accounted for some 44.2% of the total, making it the world's largest robot vacuum market.
  • High-end robot vacuums, generally priced at over US$500, deliver far superior performance in terms of intelligence and cleaning efficiency when compared with standard models.
  • Last year, high-end models made up over 30 per cent of the total sales of robot vacuums.
  • Most notably, Roborock ranked first among robot vacuum manufacturers worldwide in terms of sales of high-end models for the 12 months from July 2021 to June 2022.

HKTDC Hong Kong Watch & Clock Fair and Salon de TE open today

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Wednesday, September 7, 2022
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HONG KONG, Sept 7, 2022 - (ACN Newswire) - The 41st HKTDC Hong Kong Watch & Clock Fair and 10th Salon de TE, organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades & Industries Ltd, opened today with more than 200 exhibitors taking part.

Key Points: 
  • HONG KONG, Sept 7, 2022 - (ACN Newswire) - The 41st HKTDC Hong Kong Watch & Clock Fair and 10th Salon de TE, organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades & Industries Ltd, opened today with more than 200 exhibitors taking part.
  • To identify watch design talents and promote creativity, the HKTDC, the Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades & Industries Ltd co-organised the 39th Hong Kong Watch and Clock Design Competition.
  • This brand-new project has been launched by the Hong Kong Watch Manufacturers Association Ltd, supported by the HKTDC, the Federation of Hong Kong Watch Trades & Industries Ltd and the Hong Kong Design Institute, and is funded by the "Trade and Industrial Organisation Support Fund" of the Trade and Industry Department of the Hong Kong Special Administrative Region (HKSAR) Government.
  • - Hong Kong Watch & Clock Fair: https://hkwatchfair.hktdc.com

HKTDC Hong Kong Watch & Clock Competition promotes innovation

Retrieved on: 
Tuesday, September 6, 2022
Quartz, Dai, COVID-19, Research, Public affairs, Non-fungible token, Night, The Open Group, FH, Watch, Twitter, Elasticity, Belgrade Fair – Hall 1, The Moment, Time, Moment, Industry, Convention center, Transformation, Hong Kong Watch & Clock Fair, Student, Association, Hong Kong Design Institute, Polytechnic, Federation of the Swiss Watch Industry, Blockchain, General manager, Hong Kong Trade Development Council, SME, Exhibition, Euromonitor International, Race Against Time, LinkedIn, Federation, United Kingdom, Growth, Tega Industries Ltd., APAC, StarTrack, Phillips, Communication, HKTDC, Border, Maguire v Sydney Organising Committee for the Olympic Games (2000), HKCEC, Conference, Geisha, 88 Generation Students Group, Film, Entertainment, Tutoring, Clockmaker

HONG KONG, Sept 6, 2022 - (ACN Newswire) - The 41st HKTDC Hong Kong Watch & Clock Fair and 10th Salon de TE, organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades and Industries Ltd, will run from 7 to 11 September at the Hong Kong Convention and Exhibition Centre (HKCEC).

Key Points: 
  • HONG KONG, Sept 6, 2022 - (ACN Newswire) - The 41st HKTDC Hong Kong Watch & Clock Fair and 10th Salon de TE, organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades and Industries Ltd, will run from 7 to 11 September at the Hong Kong Convention and Exhibition Centre (HKCEC).
  • The 39th Hong Kong Watch & Clock Competition, is hosted by the HKTDC Hong Kong Watch & Clock Fair 2022 Organising Committee, and co-organised by the Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades & Industries Ltd. Competition results have been officially announced and all winning and finalist entries will be on display during the Watch & Clock Fair.
  • Open Group champion of the 39th Hong Kong Watch & Clock Design Competition: "Geisha"
    The HKTDC, the Federation of Hong Kong Watch Trades & Industries Ltd and the Hong Kong Watch Manufacturers Association Ltd co-organised this year's Hong Kong International Watch Forum, inviting watch association representatives from Mainland China, France, Germany, Hong Kong, Japan and Switzerland to discuss trade performance in their respective regions.
  • - Hong Kong Watch & Clock Fair: https://hkwatchfair.hktdc.com
    The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade.

UK Leads Europe in Card Fraud Loss Reduction with £49 Million Drop in 2021

Retrieved on: 
Tuesday, September 6, 2022
Personal Finance, Technology, Finance, Security, Fintech, Banking, Professional Services, Software, Data Analytics, Data Management, Partnership, National, NYSE, Telecommunication, Authentication, Euromonitor International, Solution, CNP, Tourism, Tanjungpinang, UK Finance, Senior Consultant, FICO, APP, Adoption, Supreme court, Payment service provider, SCA, Silicon, United Kingdom, Climate, Industry, Growth, National Police Corps, BSN, Travel, Cryptocurrency, Online shopping, Fraud

Denmark and Sweden achieved the highest percentage decreases in losses while the UK reduced card fraud losses by 49 million, the largest decline in the region.

Key Points: 
  • Denmark and Sweden achieved the highest percentage decreases in losses while the UK reduced card fraud losses by 49 million, the largest decline in the region.
  • Only four countries of the 18 studied improved their card fraud performance in 2021.
  • The downward trend in card fraud losses is mirrored by an upward trend in fraud P2P payments in the UK.
  • This extra layer of security is likely to have contributed to some of the reduction in UK CNP (card not present) fraud losses.

Hi-Tech meets High End: How S'Young International is shaking up beauty's retail model in China for International Brands

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Thursday, September 1, 2022
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"China provides a new opportunity for overseas beauty brands and now is the time to break into the market," says Marshall Chen, Co-founder and CEO of S'Young International.

Key Points: 
  • "China provides a new opportunity for overseas beauty brands and now is the time to break into the market," says Marshall Chen, Co-founder and CEO of S'Young International.
  • "Our CP model has already helped many niche brands navigate the sophisticated omni-channel market.
  • Currently many International brands only sell online, cross border through Hong Kong, due to previous animal testing legislation constraints.
  • S'Young International has been that answer for many brands for over 16 years and will continue to introduce global niche luxury brands to Chinese consumers.

Hi-Tech meets High End: How S'Young International is shaking up beauty's retail model in China for International Brands

Retrieved on: 
Thursday, September 1, 2022
Partnership, Plant, Technology, Love, CEO, Digital technology, Legislation, Philosophy, Tick tock, CP, Exhibition, Euromonitor International, Life, WeChat, Solution, Genesis, Collection, Smell, Freedom, Cosmetics, Multimedia, International, CAGR, IFS, Lab, Taste, Environment, Artist, AI, Marketing, QR, Retail, Online shopping, Beauty

"China provides a new opportunity for overseas beauty brands and now is the time to break into the market," says Marshall Chen, Co-founder and CEO of S'Young International.

Key Points: 
  • "China provides a new opportunity for overseas beauty brands and now is the time to break into the market," says Marshall Chen, Co-founder and CEO of S'Young International.
  • "Our CP model has already helped many niche brands navigate the sophisticated omni-channel market.
  • Currently many International brands only sell online, cross border through Hong Kong, due to previous animal testing legislation constraints.
  • S'Young International has been that answer for many brands for over 16 years and will continue to introduce global niche luxury brands to Chinese consumers.

Official Release at IFA 2022: Jackery Introduces Its Fastest Ultra-Charging System

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Wednesday, August 31, 2022
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The Jackery Solar Generator 1000 Pro is perfect for families and individuals who like to enjoy life outdoors.

Key Points: 
  • The Jackery Solar Generator 1000 Pro is perfect for families and individuals who like to enjoy life outdoors.
  • Coinciding with the premium release, the entry-level Jackery Solar Generator 1000 Pro 160W is also being introduced at IFA 2022 featuring two Jackery SolarSaga 80W solar panels that was newly designed this year.
  • Top-level recharging speed efficiency means that users can recharge anywhere and everywhere, utilizing the sun's energy with maximum speed and efficiency.
  • The Jackery Explorer 1000 Pro power station stores electrical power converted by the solar panels which collect solar energy from direct sunlight.

JE Cleantech (JCSE) Announces Results for H1 2022, Revenue of S$7.2 Million and Net Income of S$147,000

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Wednesday, August 31, 2022
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Net income for the reporting period has been S$147,000, lower than the S$616,000 reported for the first six months of 2021.

Key Points: 
  • Net income for the reporting period has been S$147,000, lower than the S$616,000 reported for the first six months of 2021.
  • JE Cleantech is well positioned to capture growth opportunities.
  • We are actively widening our product offerings and exploring new markets to bring sustainable returns to our shareholders and investors."
  • The contract, which has been closed through its subsidiary, Hygieia Warewashing Pte Ltd., is valued at approximately S$9.3 million (around US$6.7 million).