TOM Group

WeLab and Astra Complete the Acquisition of Bank Jasa Jakarta

Retrieved on: 
Monday, September 19, 2022
Allianz, Group, Health, BJJ, Acquisition, Growth, Financial Services Authority (Indonesia), Information technology, Partnership, Industry, Sequoia Capital, Mining, Subscription business model, Environment, Foundation, Small and medium enterprises in Mexico, CK Hutchison Holdings, Ownership, Technology, WeLab Bank, Astra, Solution, TOM Group, Science and technology in Asia, Financial assistance (share purchase), SATU, CITIC Bank International, Ecosystem, World, Financial services, OJK, MSME-Champions, Education, WeLab, TFB, World Bank Group, International Finance Corporation, Cryptocurrency, Renewable energy

HONG KONG, Sept. 19, 2022 /PRNewswire/ -- WeLab, a leading pan-Asian fintech platform, today announced the completion of the acquisition of an Indonesian commercial bank, PT Bank Jasa Jakarta (BJJ), together with PT Astra International Tbk (Astra), one of Indonesia's largest public companies. The completion is marked by the issuance of acquisition approval by the Financial Services Authority (OJK). For this transaction, a WeLab-led consortium, Welab Sky Limited (WeLab Sky), participated in the acquisition together with Astra's subsidiary PT Sedaya Multi Investama (Astra Financial). The WeLab-led consortium has drawn wide-spread support from existing and new investors, including Allianz X, Boyu Capital, Horizons Ventures, SCBX Group[1] and TFB (Taipei Fubon Bank) Capital.

Key Points: 
  • For this transaction, a WeLab-led consortium, Welab Sky Limited (WeLab Sky), participated in the acquisition together with Astra's subsidiary PT Sedaya Multi Investama (Astra Financial).
  • With the acquisition completed today, WeLab and Astra each holds 49.56% of BJJ shares, becoming the majority shareholders and joint controllers of the bank.
  • This is WeLab's second strategic partnership initiative with Astra since the formation of a fintech lending joint venture, PT Astra WeLab Digital Arta (AWDA), in 2018.
  • WeLab operates in three markets under multiple brands, including WeLend, and WeLab Bank in Hong Kong, various business lines in Mainland China, Maucash and a digital bank in Indonesia.

WeLab and Astra Complete the Acquisition of Bank Jasa Jakarta

Retrieved on: 
Monday, September 19, 2022
Allianz, Group, Health, BJJ, Acquisition, Growth, Financial Services Authority (Indonesia), Information technology, Partnership, Industry, Sequoia Capital, Mining, Subscription business model, Environment, Foundation, Small and medium enterprises in Mexico, CK Hutchison Holdings, Ownership, Technology, WeLab Bank, Astra, Solution, TOM Group, Science and technology in Asia, Financial assistance (share purchase), SATU, CITIC Bank International, Ecosystem, World, Financial services, OJK, MSME-Champions, Education, WeLab, TFB, World Bank Group, International Finance Corporation, Cryptocurrency, Renewable energy

HONG KONG, Sept. 19, 2022 /PRNewswire/ -- WeLab, a leading pan-Asian fintech platform, today announced the completion of the acquisition of an Indonesian commercial bank, PT Bank Jasa Jakarta (BJJ), together with PT Astra International Tbk (Astra), one of Indonesia's largest public companies. The completion is marked by the issuance of acquisition approval by the Financial Services Authority (OJK). For this transaction, a WeLab-led consortium, Welab Sky Limited (WeLab Sky), participated in the acquisition together with Astra's subsidiary PT Sedaya Multi Investama (Astra Financial). The WeLab-led consortium has drawn wide-spread support from existing and new investors, including Allianz X, Boyu Capital, Horizons Ventures, SCBX Group[1] and TFB (Taipei Fubon Bank) Capital.

Key Points: 
  • For this transaction, a WeLab-led consortium, Welab Sky Limited (WeLab Sky), participated in the acquisition together with Astra's subsidiary PT Sedaya Multi Investama (Astra Financial).
  • With the acquisition completed today, WeLab and Astra each holds 49.56% of BJJ shares, becoming the majority shareholders and joint controllers of the bank.
  • This is WeLab's second strategic partnership initiative with Astra since the formation of a fintech lending joint venture, PT Astra WeLab Digital Arta (AWDA), in 2018.
  • WeLab operates in three markets under multiple brands, including WeLend, and WeLab Bank in Hong Kong, various business lines in Mainland China, Maucash and a digital bank in Indonesia.

MioTech Strengthens Regional and International Leadership with Appointment of ex-MSCI's Jack Lin

Retrieved on: 
Monday, August 22, 2022
Janus, Software, CEO, Technology, Moody's Investors Service, Janus Capital Group, JPMorgan Chase, Carbon, Head, Intelligence, HSBC, Investment, Social responsibility, TOM Group, Leadership, ESG, ZhenFund, Amundi Pioneer, GIC, Amundi, Franklin Templeton Investments, Industry, Growth, Climate change, AI, Adoption, Management, Renewable energy, Asia-Pacific, MSCI

HONG KONG, Aug. 22, 2022 /PRNewswire/ -- MioTech, the AI-based sustainability data and technology provider, announced today the appointment of finance veteran Jack Lin as President effective immediately.

Key Points: 
  • HONG KONG, Aug. 22, 2022 /PRNewswire/ -- MioTech, the AI-based sustainability data and technology provider, announced today the appointment of finance veteran Jack Lin as President effective immediately.
  • With over 20 years of experience and leadership in the financial industry, Lin will provide MioTech with further depth and strategic guidance to accelerate international growth and innovation plans.
  • Jack Lin was previously Managing Director and Head of APAC Client Coverage at MSCI (MSCI:US), the world-renowned index, ESG and portfolio analytics provider.
  • At MioTech, Lin will provide visionary and strategic leadership as well as drive expansion across different markets.

MioTech Strengthens Regional and International Leadership with Appointment of ex-MSCI's Jack Lin

Retrieved on: 
Monday, August 22, 2022
Janus, Software, CEO, Technology, Moody's Investors Service, Janus Capital Group, View, JPMorgan Chase, Carbon, Head, Intelligence, HSBC, Investment, Multimedia, Social responsibility, TOM Group, Leadership, ESG, ZhenFund, Amundi Pioneer, GIC, Amundi, Franklin Templeton Investments, Industry, Growth, Climate change, AI, Adoption, Renewable energy, Management, Asia-Pacific, MSCI

HONG KONG, Aug. 21, 2022 /PRNewswire/ -- MioTech, the AI-based sustainability data and technology provider, announced today the appointment of finance veteran Jack Lin as President effective immediately.

Key Points: 
  • HONG KONG, Aug. 21, 2022 /PRNewswire/ -- MioTech, the AI-based sustainability data and technology provider, announced today the appointment of finance veteran Jack Lin as President effective immediately.
  • With over 20 years of experience and leadership in the financial industry, Lin will provide MioTech with further depth and strategic guidance to accelerate international growth and innovation plans.
  • Jack Lin was previously Managing Director and Head of APAC Client Coverage at MSCI (MSCI:US), the world-renowned index, ESG and portfolio analytics provider.
  • At MioTech, Lin will provide visionary and strategic leadership as well as drive expansion across different markets.

WeLab Bank Launches GoWealth and Becomes Asia's 1st Purely-digital Bank to Launch Digital Wealth Advisory Solution

Retrieved on: 
Thursday, July 7, 2022
Bank, Debit card, CK Hutchison Holdings, WeLab, Probability, Sequoia Capital, WeLab Bank, World Bank Group, Allianz, Growth, Securities and Futures Commission, Sale, Goal, Industry, TOM Group, Risk, Allianz Global Investors, Data, Technology, Accreditation, Security (finance), International Finance Corporation, Goal-based investing, EUR, Risk management, Head, Hong Kong Monetary Authority, Solution, HKMA, Instagram, Science and technology in Asia, World, Comment, Multimedia, Donor managed investment account, Khazanah Nasional, Financial services, Tutoring, Health insurance

HONG KONG, July 7, 2022 /PRNewswire/ -- WeLab Bank (or "the Bank"), the virtual bank dedicated to curating intelligent banking experience, announced that it had become Asia's 1st purely-digital bank independent of traditional banking groups in major Asian markets to launch digital wealth advisory solution1as its GoWealth Digital Wealth Advisory (GoWealth) rolled out to market today. Over the two-month trial period, the innovative solution achieved a satisfactory result in the goal-setting flow for over 65,000 visitors. 70% of reviewers expressed that they were looking forward to the official product launch. GoWealth combines the fintech strength of WeLab Bank with the investment expertise of Allianz Global Investors (AllianzGI), one of the world's leading asset management firms, empowering customers to reach their financial goals on "autopilot" with an end-to-end approach.

Key Points: 
  • Understanding these pain points, WeLab Bank is determined to digitalize and democratize wealth advisory through GoWealth.
  • On this occasion, by launching GoWealth, we are proud to become Asia's 1st purely-digital bank to launch a digital wealth advisory solution1.
  • WeLab Bank trail-blazes digital wealth management services through GoWealth, backed by its fintech experience and AllianzGI's investment management expertise.
  • Welab Bank Limited ("WeLab Bank" or the "Bank"), is a homegrown virtual bank licensed by the Hong Kong Monetary Authority ("HKMA").

MioTech Opens Singapore Office, Expanding Climate and ESG Solutions to the Southeast Asia Market

Retrieved on: 
Wednesday, June 29, 2022
ZhenFund, View, CEO, Carbon, HSBC, Data, Climate change, Intelligence, ESG, Goal, Industry, TOM Group, GIC, Investment, Technology, Software, General manager, Social responsibility, Moody's Investors Service, JPMorgan Chase, Knowledge, Multimedia, Film, Renewable energy

Simultaneously, MioTech supports the corporate sector in achieving their sustainability goals, engaging companies to report ESG data and carbon footprints to stakeholders.

Key Points: 
  • Simultaneously, MioTech supports the corporate sector in achieving their sustainability goals, engaging companies to report ESG data and carbon footprints to stakeholders.
  • "Singapore plays a critical role in connecting Asia and the world, possessing a wealth of talent and established ESG regulations.
  • Joining the Singapore market enables MioTech to have a greater influence on the world," said Thomas Yap, General Manager at MioTech.
  • To complement its increased presence in the region, MioTech also launched its Singapore and Southeast Asia ESG dataset which marks the region's first-to-market ESG data coverage.

MioTech Opens Singapore Office, Expanding Climate and ESG Solutions to the Southeast Asia Market

Retrieved on: 
Wednesday, June 29, 2022
ZhenFund, CEO, Carbon, HSBC, Data, Climate change, Intelligence, ESG, Goal, Industry, TOM Group, GIC, Investment, Technology, Software, General manager, Social responsibility, Moody's Investors Service, JPMorgan Chase, Knowledge, Film, Renewable energy

Simultaneously, MioTech supports the corporate sector in achieving their sustainability goals, engaging companies to report ESG data and carbon footprints to stakeholders.

Key Points: 
  • Simultaneously, MioTech supports the corporate sector in achieving their sustainability goals, engaging companies to report ESG data and carbon footprints to stakeholders.
  • "Singapore plays a critical role in connecting Asia and the world, possessing a wealth of talent and established ESG regulations.
  • Joining the Singapore market enables MioTech to have a greater influence on the world," said Thomas Yap, General Manager at MioTech.
  • To complement its increased presence in the region, MioTech also launched its Singapore and Southeast Asia ESG dataset which marks the region's first-to-market ESG data coverage.

MioTech Recruits ex-Pinduoduo Tian Xu as Chief Operating Officer

Retrieved on: 
Thursday, March 24, 2022
Cloud, NASDAQ, ZhenFund, Investment, Climate change, Moody's Investors Service, PDD, Alibaba Group, ESG, Social responsibility, Medicine, CEO, B2B, Intelligence, Carbon, Software, History of science and technology, Technology, JPMorgan Chase, GIC, BIDU, MBA, TOM Group, Ali Baba, Solution, Organizational founder, VP, HSBC, Efficiency, Commerce, Education, IPO, BABA, AI, MIT, Renewable energy, Pinduoduo, Xu, Finance

HONG KONG, March 23, 2022 /PRNewswire/ -- MioTech, Asia's leading ESG and sustainability solutions provider, announced today that Tian Xu has joined as Chief Operating Officer.

Key Points: 
  • HONG KONG, March 23, 2022 /PRNewswire/ -- MioTech, Asia's leading ESG and sustainability solutions provider, announced today that Tian Xu has joined as Chief Operating Officer.
  • In addition to the domestic markets, Xu has a proven track record in identifying and scaling new market spaces overseas.
  • At MioTech, Tian Xu will oversee various operational aspects of the company, with a focus on optimizing efficiency and capability across business lines.
  • "The key role Tian played in growing Alibaba, Baidu, and Pinduoduo really impressed us," said Jason Tu, MioTech Co-founder & CEO.

MioTech Recruits ex-Pinduoduo Tian Xu as Chief Operating Officer

Retrieved on: 
Thursday, March 24, 2022
Cloud, NASDAQ, ZhenFund, Investment, Climate change, Moody's Investors Service, PDD, Alibaba Group, ESG, Social responsibility, Medicine, CEO, B2B, Intelligence, Carbon, Software, History of science and technology, Technology, JPMorgan Chase, GIC, BIDU, MBA, TOM Group, Ali Baba, Solution, Organizational founder, VP, HSBC, Efficiency, Commerce, Education, IPO, BABA, AI, MIT, Renewable energy, Pinduoduo, Xu, Finance

HONG KONG, March 24, 2022 /PRNewswire/ -- MioTech, Asia's leading ESG and sustainability solutions provider, announced today that Tian Xu has joined as Chief Operating Officer.

Key Points: 
  • HONG KONG, March 24, 2022 /PRNewswire/ -- MioTech, Asia's leading ESG and sustainability solutions provider, announced today that Tian Xu has joined as Chief Operating Officer.
  • In addition to the domestic markets, Xu has a proven track record in identifying and scaling new market spaces overseas.
  • At MioTech, Tian Xu will oversee various operational aspects of the company, with a focus on optimizing efficiency and capability across business lines.
  • "The key role Tian played in growing Alibaba, Baidu, and Pinduoduo really impressed us," said Jason Tu, MioTech Co-founder & CEO.

Valued to be $33.1 Billion by 2026, Outdoor Advertising Slated for Robust Growth Worldwide

Retrieved on: 
Wednesday, March 16, 2022
JCDecaux, Growth, Time, Advertising, Intelligence, Forecasting, Pattison Outdoor Advertising, Lamar Advertising Company, Captivate Network, School, Hospital, Players, Plasma, Organization, DOOH, COVID-19, Adoption, Urban, CAGR, Lists of countries and territories, TOM Group, Bell Media, Movement, Digital, Contextual advertising, Research, Industry, GIA, Internet, SAN, Outdoor, LIVE, Marketing, Pharmaceutical industry, Creative industries, Others

Companies:185 - Players covered include Adams Outdoor Advertising; APG|SGA SA; Bell Media; Burkhart Advertising, Inc.; Captivate Network; Clear Channel Outdoor, Inc.; Clear Media Limited; Daktronics, Inc.; EPAMEDIA; Euro Media Group S.A.; Fairway Outdoor Advertising; Focus Media Holding Limited; JCDecaux SA; Lamar Advertising Company; Outfront Media, Inc.; LIVE BOARD, Inc.; Pattison Outdoor Advertising; Primedia Outdoor; Strer Media SE; TOM Outdoor Media Group; Zoom Media, Inc. and Others.

Key Points: 
  • Companies:185 - Players covered include Adams Outdoor Advertising; APG|SGA SA; Bell Media; Burkhart Advertising, Inc.; Captivate Network; Clear Channel Outdoor, Inc.; Clear Media Limited; Daktronics, Inc.; EPAMEDIA; Euro Media Group S.A.; Fairway Outdoor Advertising; Focus Media Holding Limited; JCDecaux SA; Lamar Advertising Company; Outfront Media, Inc.; LIVE BOARD, Inc.; Pattison Outdoor Advertising; Primedia Outdoor; Strer Media SE; TOM Outdoor Media Group; Zoom Media, Inc. and Others.
  • Outdoor advertising is among the many sectors that is expected to post recovery signs all through 2021.
  • With adoption of outdoor advertising formats moving beyond the conventional boundaries of the retail sector, emerging end-user industries include the financial services industry (i.e.
  • The U.S. Market is Estimated at $6.6 Billion in 2022, While China is Forecast to Reach $5.8 Billion by 2026
    The Outdoor Advertising market in the U.S. is estimated at US$6.6 Billion in the year 2022.