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AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year

Retrieved on: 
Wednesday, March 13, 2024

AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year

Key Points: 
  • AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year
    (Hong Kong, February 23, 2024) – AGTech Holdings Limited (“AGTech” or the “Group”, HKEX stock code: 8279) today announced its second interim results for the twelve months ended December 31, 2023.
  • • EBITDA of the Group for the 12-Month Period was approximately HK$39.5 million (Twelve months ended December 31, 2022: Negative EBITDA of approximately HK$37.7 million).
  • The profit for the 12-Month Period was approximately HK$29 million (12 months ended December 31, 2022: loss of approximately HK$131 million).
  • The change from operating loss to profit was mainly due to: (1) the increase in total revenue; (2) the increase in net finance income.

PUMA and Tencent Forge Partnership to Pioneer an Innovative Comprehensive E-commerce Business Model

Retrieved on: 
Sunday, January 21, 2024

Shirley Li, General Manager of PUMA China, Fan Yijin, General Manager of Tencent Ad Sales and Operations, and Wang Mo, General Manager of Tencent Smart Retail Vertical Industry Ecology attended the signing ceremony.

Key Points: 
  • Shirley Li, General Manager of PUMA China, Fan Yijin, General Manager of Tencent Ad Sales and Operations, and Wang Mo, General Manager of Tencent Smart Retail Vertical Industry Ecology attended the signing ceremony.
  • Driven by digitization, integrating Tencent’s social ecosystem resources and cutting-edge technologies, PUMA joins forces with Tencent to build a novel model to improve the quality and efficiency of consumer services.
  • Shirley Li said that PUMA has consistently introduced innovative products, upgraded services, and elevated consumer experience to extend the magic of sports.
  • The collaboration with PUMA allows Tencent to integrate internal resources and meet PUMA's digital operation requirements, indicating more predictable growth.

Global E-Commerce Market Forecast Report 2023-2030: Digitalization and Technology Drive the Multi-Trillion Market's Meteoric Rise - ResearchAndMarkets.com

Retrieved on: 
Friday, January 19, 2024

Like different market segments, the retail sector is also witnessing great revolution thanks to the continued digitalization, and the arrival of Abstract advanced technology.

Key Points: 
  • Like different market segments, the retail sector is also witnessing great revolution thanks to the continued digitalization, and the arrival of Abstract advanced technology.
  • Global e-commerce marketing is becoming an critical element of companies strategy, in which, it contributes significantly to the monetary improvement of a country.
  • Online advertising tools inclusive of Google classified ads Instagram, wechat and Facebook commercials additionally drive global e-commerce market growth.
  • Apparel and add-ons reign best in the global e-commerce market, securing the very best market share.

Global E-Commerce Market Forecast Report 2023: Market to Grow by $28.75 Trillion by 2030 with Rakuten, Amazon, Alibaba, Walmart, eBay, Zalando, Otto, and JD.com at the Forefront of Growth

Retrieved on: 
Tuesday, January 16, 2024

Global E-Commerce market size is projected to reach US$ 47.73 Trillion by 2030.

Key Points: 
  • Global E-Commerce market size is projected to reach US$ 47.73 Trillion by 2030.
  • Global E-commerce market is growing at a CAGR of 12.22% from 2022 to 2030.
  • Additionally, growth in seamless and uninterrupted Internet offerings is predicted to boost the on-line shopping publicity of consumers thereby favorably impacting the normal E-commerce market growth.
  • Online advertising tools inclusive of Google classified ads Instagram, wechat and Facebook commercials additionally drive global e-commerce market growth.

Hebei: China International Digital Economy Expo Attracts Foreign Merchants Seeking Cooperation

Retrieved on: 
Wednesday, December 27, 2023

SHIJIAZHUANG, China, Dec. 27, 2023 /PRNewswire/ -- Recently, the 2023 China International Digital Economy Expo was held in Shijiazhuang, Hebei.

Key Points: 
  • SHIJIAZHUANG, China, Dec. 27, 2023 /PRNewswire/ -- Recently, the 2023 China International Digital Economy Expo was held in Shijiazhuang, Hebei.
  • They expressed desires to deepen cooperation with China in the digital economy sector, bringing more quality Chinese products and technologies to their home countries.
  • He wished for companies in China's digital economy sector to provide professional consultation to guide their way of better tapping into the digital economy in Turkiye's economic development.
  • He recognized China as one of the most technologically advanced countries, which is why he attended the expo, believing it could help boost Nigeria's economy.

Elon Musk aims to turn Twitter into an 'everything app' – a social media and marketing scholar explains what that is and why it's not so easy to do

Retrieved on: 
Thursday, August 10, 2023

His recent announcement might have left you wondering what an everything app is and whether you need really one.

Key Points: 
  • His recent announcement might have left you wondering what an everything app is and whether you need really one.
  • If everything apps are so great, why isn’t there one that’s widely used in the U.S. already?
  • As someone who studies how consumers use social media and what that means for digital marketing, I find the idea of an everything app intriguing.

What is an everything app?

    • Essentially it’s a fusion of many apps you may often use, like Instagram, Uber, WhatsApp and PayPal.
    • The intended goal of an everything app is to simplify daily tasks by saving time and effort needed to use multiple platforms.
    • It has become an essential app for over 1 billion users and is an important marketing tool for many businesses.

Privacy and security concerns

    • This extensive amount of tracking raises concerns about surveillance and user profiling, especially in countries with weak data protection laws.
    • Some countries have banned or are considering banning WeChat because of security concerns.
    • To address privacy concerns, I believe everything apps need to be transparent about their data collection practices.
    • Users will be more open to embracing an everything app if they have the means to manage their privacy settings and delete their data.

Building a user base

    • Advertising can motivate someone to download an app, but word of mouth is often far more effective.
    • Good security and privacy aren’t enough to build a strong user base – the app also needs to be easy to use.
    • There’s also the possibility that some U.S. users may not buy into the idea of an everything app.
    • But, whether it’s X or not, I think there’s certainly room in the U.S. for an everything app to move in.

Flywire Partners with Tencent Financial Technology to Streamline Global Tuition Payments from China

Retrieved on: 
Thursday, July 13, 2023

Through this direct partnership with Tencent, Flywire further streamlines the payment experience for students looking to make international tuition and other education-related payments from China.

Key Points: 
  • Through this direct partnership with Tencent, Flywire further streamlines the payment experience for students looking to make international tuition and other education-related payments from China.
  • Responding to increased demand for seamless, digital payment experiences
    The partnership between Flywire and Tencent Financial Technology applies the same, seamless experience Chinese consumers are used to in their daily transactions to cross-border education payments.
  • The partnership between Tencent Financial Technology and Flywire aims to rectify this gap and meet consumer demand for a seamless payment experience.Through Flywire, Chinese students can pay their education institution using Weixin Pay in their own currency (Renminbi).
  • Wenhui Yang, General Manager, Tencent Financial Technology Asia Pacific, said, "We are always looking for better ways to serve our users.

Newcomers highlight opportunities for Canadian banking in new Simplii poll

Retrieved on: 
Thursday, July 6, 2023

More than half (57 per cent) of respondents say financial institutions could do more to cater to newcomers, and even more say they found applying for a Canadian bank account confusing (61 per cent).

Key Points: 
  • More than half (57 per cent) of respondents say financial institutions could do more to cater to newcomers, and even more say they found applying for a Canadian bank account confusing (61 per cent).
  • "It's this focus combined with our no-fee offering that's driving Simplii to become the bank of choice for newcomers."
  • "With more than 460,000 new immigrants entering the country each year, and more than 500,000 international students attending our educational institutions, attracting newcomers is vital for Canadian banks," said Barry Choi, a Canadian personal finance expert.
  • The results are based on unweighted data from a randomly selected Newcomer population from a National sample outgo (balanced to Gen Pop).

IHG Hotels & Resorts Taps FreedomPay to Transform Commerce Technology

Retrieved on: 
Monday, June 26, 2023

Philadelphia, Pennsylvania, June 26, 2023 (GLOBE NEWSWIRE) -- IHG Hotels & Resorts , one of the world’s leading hospitality companies, has selected the FreedomPay Commerce Platform as its next generation payment technology to be used at close to 4,000 IHG properties in the U.S. and Canada, across notable brands such as InterContinental Hotels & Resorts, Kimpton Hotels & Restaurants, Hotel Indigo and Holiday Inn Express hotels.

Key Points: 
  • Philadelphia, Pennsylvania, June 26, 2023 (GLOBE NEWSWIRE) -- IHG Hotels & Resorts , one of the world’s leading hospitality companies, has selected the FreedomPay Commerce Platform as its next generation payment technology to be used at close to 4,000 IHG properties in the U.S. and Canada, across notable brands such as InterContinental Hotels & Resorts, Kimpton Hotels & Restaurants, Hotel Indigo and Holiday Inn Express hotels.
  • A global leader in hospitality technology, FreedomPay’s fully integrated payments will bring the highest level of speed, security and flexibility to IHG hotels and their guests.
  • “By partnering with FreedomPay, we will be able to provide guests with easier, faster and more secure payment options and lower costs for owners,” said Peter Palli, Senior Vice President, Hotel, Owner & Commercial Products and Platforms at IHG Hotels & Resorts.
  • Its fully integrated, patented technology offers unparalleled flexibility and options for enterprises operating across borders, industries and point-of-sale and merchant service providers.

Gaotu Techedu Announces First Quarter of 2023 Unaudited Financial Results

Retrieved on: 
Tuesday, May 30, 2023

Accordingly, we expect to achieve annual effective growth and generate a meaningful positive net operating cashflow for the full year 2023.

Key Points: 
  • Accordingly, we expect to achieve annual effective growth and generate a meaningful positive net operating cashflow for the full year 2023.
  • Shannon Shen, CFO of the Company, added, "Guided by our profitable growth strategy, we materially improved our efficiency during the first quarter of 2023.
  • Basic and diluted net income per ADS were RMB0.44 and RMB0.42, respectively, in the first quarter of 2023.
  • Non-GAAP basic and diluted net income per ADS were RMB0.51 and RMB0.49, respectively, in the first quarter of 2023.