Stripe and JCB Sign MOU for Global Partnership
 
JCN Newswire
May 17, 2018
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Enabling JCB brand payment at merchants around the world using the Stripe payment platform

San Francisco and Tokyo - (ACN Newswire) - Stripe, Inc. and JCB Co., Ltd. announced the signing of an MOU for a global partnership aiming for JCB brand acceptance at all internet merchants using the Stripe payment platform.

Stripe provides multicurrency payment processing for tens of thousands of merchants worldwide, from startups to major corporations. Stripe officially launched in Japan in 2016, and has served a wide variety of online business. JCB, the only international payments brand based in Japan, has a global payment acceptance network to serve the over 110 million JCB cardmembers living in 24 countries and regions.

The global partnership will enable JCB brand acceptance at merchants using the Stripe payment solution, in any local currency around the world. Stripe merchants will be able to access a wider range of consumers, and JCB cardmembers, in turn, will be able to purchase products and services from Stripe merchants.

"Our partnership with JCB will enable Stripe merchants in Japan to begin accepting payments from more than 110 million JCB cardmembers - and hundreds of thousands of Stripe businesses outside of Japan will also soon be able to accept payments from JCB customers," said Claire Hughes Johnson, COO of Stripe. "With less than 6% of commerce in Japan today online, there's an enormous opportunity to enable a whole new generation of online businesses in Japan and around the world."

Kimihisa Imada, President of JCB International, the international operations subsidiary of JCB, remarked, "Signing the global partnership MOU with Stripe, which provides multicurrency online payment processing to merchants around the world, gives us a way to offer even more convenient payment to our JCB cardmembers worldwide. JCB is committed to providing more attractive products and services to our customers now and in the future".

About Stripe
Stripe is a technology company that builds economic infrastructure for the internet. Businesses of every size - from new startups to public companies like Salesforce and Facebook - use Stripe's software to accept online payments and run technically sophisticated financial operations in more than 100 countries. More than 50% of Americans made a purchase using Stripe in the past year. Headquartered in San Francisco, with nine global offices in North America, Europe, Australia, and Asia, Stripe helps new companies get started and grow their revenue, and established businesses accelerate into new markets and launch new business models. Over the long term, Stripe aims to increase the GDP of the internet.

About JCB
JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide. For more information, please visit:www.global.jcb/en/

Contact: Kumiko Kida
JCB Co., Ltd.
Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-pr@info.jcb.co.jp

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Shopee announces M2030 partnership and pledges commitment to defeat Malaria in the region
 
May 10, 2018
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Thailand, 9 May 2018 - Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, announced its commitment to help defeat malaria in the region as part of a long-term partnership with M2030, a brand created by Asia Pacific Leaders Malaria Alliance (APLMA), and supported by the Global Fund. M2030 brings consumers and companies together in a mission to end malaria in the Greater Mekong Sub-region and in Indonesia by 2030. In support of this cause, Shopee will spearhead a series of campaigns and activations in the coming months. Other M2030 partners include the Tahir Foundation, DT Families Foundation, Yoma and the Dentsu Aegis Network.

Malaria is the world’s oldest and deadliest disease, taking nearly half a million lives every year, of which are mostly children under the age of five and pregnant women. Chris Feng, Chief Executive Officer of Shopee, said, "We are happy to be coming onboard as one of M2030’s pioneer brand partners in support of their mission to eliminate malaria in the Asia Pacific region by 2030. This issue strikes close to home, and as a company that is committed to using technology to improve the lives of consumers across the region, we are determined to play our part to help drive awareness and raise funds to support the elimination of malaria. We hope that all Shopee users can join us in supporting this cause.”

M2030 made its official launch announcement at an international Malaria Summit on 18 April in London, jointly hosted by the RBM Partnership to End Malaria and the Bill & Melinda Gates Foundation. The Summit brought together major public, private and multi-sector entities announcing their commitments and plans to accelerate the fight against malaria. The summit saw around 700 participants in attendance, including Zhou Junjie, Chief Commercial Officer of Shopee, and keynote addresses from Bill Gates; Hon Penny Mordaunt, UK Secretary of State for International Development; Hon. Julie Bishop, Minister of Foreign Affairs, Australia and other global leaders from the public and private sectors. During the launch conference, M2030 shared its commitment to work closely with its partners to drive awareness across the region and raise USD 5 million by 2020.

"Malaria used to impact millions of lives in Asia-Pacific. However, through smart investments and effective tools, we have halved the number of malaria cases and deaths over the past 15 years,” said Patrik Silborn, co-founder of M2030 and Senior Director Resource Mobilization at APLMA. “Now, for the first time ever, we’re bringing together businesses and consumers in Asia to defeat malaria in the region.”

“We’re delighted to have Shopee come onboard as one of our pioneer brand partners for this cause,” he added. “With Shopee’s extensive reach of over 115 million users across the region, we are confident that together we can make a positive difference.”

For more information, visit -https://shopee.co.th/M2030DefeatingMalaria
Visit the M2030 official website at -https://m2030.org/

About Shopee

Shopee is the leading e-commerce platform in Southeast Asia and Taiwan. It is a platform tailored for the region, providing customers with an easy, secure and fast online shopping experience through strong payment and logistical support. Shopee aims to continually enhance its platform and become the region’s e-commerce destination of choice.

Shopee has a wide selection of product categories ranging from consumer electronics to home & living, health & beauty, baby & toys, fashion and fitness equipment.

Shopee, a Sea company, was first launched in Singapore in 2015, and has since expanded its reach to Malaysia, Thailand, Taiwan, Indonesia, Vietnam and the Philippines. Sea is a leader in digital entertainment, e-commerce and digital financial services across Greater Southeast Asia. Sea's mission is to better the lives of consumers and small businesses with technology, and is listed on the NYSE under the symbol SE.

For more information, please contact:

Shopee (Thailand) Co., Ltd.
Vararat Chevavichavankul
Shopee Thailand
093-956-5563
au.chevavichavankul@shopee.com

Kanokwan Akkaranukul
Shopee Thailand
089-453-5630
katook.akkaranukul@shopee.com

Sikkhawan Chotpradit
Shopee Thailand
087-390-2159
gift.chotpradit@shopp.com
Triple Eight Ideas Co., Ltd

Kanokporn Yaovapongaree (O)
061-942-3635
kanokporn@888ideas.com

Natiprada Kaewmanee (Noon)
092-636-6516
natiprada888ideas.com

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The Impact of Internet on E-Commerce Market
 
Apr 16, 2018
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Internet- the most transforming invention in human history, the most dynamic fragment of technology, evolving ever so rapidly that it has come down to the irony that we humans are catching up with the internet rather than it catching up with us. The advent of technology has opened many doors for us in all spheres. Today even imagining a day without smartphones may crank up our routines. The internet has seeped into our lives to such an extent that now its impact is almost non-reversible.

One hardly can be a part of tech-dominated society without connectivity. Today, everything from grocery shopping to car cleaning has a dedicated online store. Therefore, it is imperative for the enterprises to reach out to millions by connecting with them through the internet.

Internet- The driving force behind E-commerce

The truth of the matter is, Internet sells fast. Selling through websites is the fastest growing method of trading worldwide. There are two main forms of e-commerce:

• Business to business (B2B) trading where companies trade and exchange information using the World Wide Web.

• Business to consumer (B2C) trading where companies deal directly with customers through web pages, and ordering is carried out online.

There are many different types of products and services that are traded on line including books, CDs, holidays, and insurance.

Nowadays, the consumers can purchase goods online too, basically a business to consumer transactions where a consumer can select the product online and order it, the company will deliver it at his/her residence. Everything is done and controlled by the internet.

Expansion of E-commerce through internet

Thanks to the mid-2000 internet boom for online shopping, online trading, businesses online, etc., e-commerce has flourished and spread like wildfire. Now the net has become an indispensable part of the structure of a business. Before the advent of internet, a business model was geographically constrained by the limits of the area of the business. Everything, from socializing to grocery stores and stock markets, has been e-zoned. Ever since the hit of internet, the business has turned into e-commerce, thus opening itself to millions of customers that it could previously not reach out to before.

Internet Generating Employment through E-commerce

The Internet accounts for a significant portion of global GDP. The consumption and expenditure related to internet alone can be comparable to that of agriculture or energy sector.

Being a vast mosaic of economic activity, the internet regularly hosts millions of daily online transactions and communications. Because of this, it generates direct and indirect employment on a daily basis. Millions of people are getting gainfully employed in skilled and semi- skilled jobs through the internet whether it is for programmers or website developers, or freelance writers. The advantage to internet is that it gives the comfort of switching your work space as well; one can work from home too if one wants. Which is a great benefit for new mothers, or disabled persons or people who prefer working in the comfort of their homes.

Results in Cheaper and Better Quality Products and Services

Internet is such a boon in our lives. Indeed, the world has become one tiny global village and this has also resulted in a massive customer base for e-commerce websites. With every website and online store competing against one another for monopolising over the sector, the competition just gets tougher for them. The customers are the real winners in this situation. In a bid to win, these stores work on different strategies like enhancing the quality of products and services, slashing prices, bringing out lucrative offers and schemes for long term investments, etc. At the end of the day, it’s a win-win for the customers as they get massive discounts of products and services. It is the time for customers to make the most of this and shop smartly. There are several websites like Zoutons which offer coupons for other e-commerce websites. One should make use of such coupons to get the best deal possible.

Making Shopping Easier for the Customer

Consumers of today have more places and ways to shop than ever. They are not just limited to their local markets. Today, they can shop, sitting in India, from any store around the world. The e-commerce websites have made things as easy as they can be. Door to Door delivery, customer reviews and added information about the products, multiple payment options, reliable customer services to name a few. E-commerce websites are actually investing in providing comfort to their buyers and giving them the most convenient and relaxed experience, as when the prices cut down on products everywhere, this is many a times, what it comes down to- giving customers a satisfactory experience.

Mobility Emerged as a New Driver of E-commerce

With the increase in numbers it is clearly evident that mobile phones lead the E-commerce market it is crucial for the enterprises to up their game and be a part of the mobile phones to reach bigger numbers in terms of their sales. In this era of smartphone technology and growth in mobile internet traffic, a significant impact can be witnessed in e-commerce sector too. Mobile phone users are slowly moving from desktop version to mobile app usage and this is evident with the changing traffic to few top e-commerce stores in India. 44% of the Amazon traffic is coming through mobile devices as per 2016 Recode statistics. At this time, one can only switch up their game and join the app frenzy.

E-commerce has made huge impact on business culture. Customer can shop online in privacy of their own houses. This has also strengthened small businesses to be completely online or modify their marketing strategies. With the advent of the internet technology, E-commerce has been affected in all spheres, be it retailer picture, or products and services quality or promotions and schemes. Costumer’s approach to spending money and purchasing has also been permanently altered. It is undeniable that this is all to stay and that the dynamic trends on internet will continue to pressure companies to change their marketing strategies.

Photo by Daniel von Appen on Unsplash

 
 
InfoComm Southeast Asia to Debut May 2019 in Bangkok
 
Mar 23, 2018
Category:

New trade show brings the leading pro-AV and integrated experience technologies to one of the world's most exciting emerging markets

FAIRFAX, Virginia, March 23, 2018 /PRNewswire/ -- AVIXA™, the Audiovisual and Integrated Experience Association, in partnership with InfoCommAsia Pte Ltd, is pleased to announce it will debut its InfoComm Southeast Asia show May 15-17, 2019, at the Bangkok International Trade and Exhibition Centre (BITEC).

"Southeast Asia is one of the largest and most exciting emerging economic blocs in the world," said Richard Tan, Executive Director of InfoCommAsia. "It has always been our mission to help our partners open doors to new and emerging markets. In addition to our more established shows in China and India, which have seen great success year after year, we are confident that our new platform in Southeast Asia will achieve that same success. We see a lot of market potential in the region."

Comprising Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam, the Southeast Asia region is currently the seventh-largest economy in the world and is projected to be the fourth largest by 2050, according to the Association of Southeast Asian Nations (ASEAN). It is united politically and economically via ASEAN, which has pushed hard collectively in recent years to accelerate economic development and break down trade barriers. To that end, the ASEAN Economic Community (AEC) was formed with the goal of developing a single market. According to a study by the Asian Development Bank and International Labour Organisation, up to 14 million jobs could be generated within ASEAN by 2025.

With the addition of InfoComm Southeast Asia, AVIXA now hosts four shows in Asia-Pacific, including Beijing InfoComm China, Chengdu InfoComm China, and InfoComm India. The Bangkok show will feature an exhibition showcasing world-class pro-AV and experiential communications technologies, as well as an education summit with extensive learning opportunities.

According to AVIXA's 2017 AV Industry Outlook and Trends Analysis Asia-Pacific, the East Asian pro-AV market's value will increase by about 35 percent between 2016 and 2022. The industry was projected at $17.7 billion in 2017 and is expected to reach $23.3 billion in 2022.

China's One Belt, One Road initiative, a massive investment in development of infrastructure and trade routes across Europe and Asia-Pacific, is prompting economic growth in Asia-Pacific. Between 2013 and 2016, roughly $60 billion was spent under the initiative, and the Chinese government plans to spend up to $150 billion per year for the next five years.

"AVIXA is continually evaluating burgeoning pro-AV markets where support and resources can help spur growth," said AVIXA Chief Executive Officer David Labuskes, CTS®, CAE, RCDD. "A show in Southeast Asia represents a big step in that direction by providing a platform for the latest in transformative pro-AV technology, industry best practices, and thought leadership. We're excited to see this region grow so dramatically and impact the overall progression of the AV industry globally."

The inaugural InfoComm Southeast Asia will run May 15-17, 2019, at the Bangkok International Trade and Exhibition Centre (BITEC). For more information, visitwww.infocomm-sea.com.

About AVIXA
AVIXA is the Audiovisual and Integrated Experience Association, producer of InfoComm trade shows around the world, co-owner of Integrated Systems Europe, and the international trade association representing the audiovisual industry. Established in 1939, AVIXA has more than 5,400 members, including manufacturers, systems integrators, dealers and distributors, consultants, programmers, live events companies, technology managers, content producers, and multimedia professionals from more than 80 countries. AVIXA members create integrated AV experiences that deliver outcomes for end users. AVIXA is a hub for professional collaboration, information, and community, and the leading resource for AV standards, certification, training, market intelligence and thought leadership. Additional information is available at avixa.org.

About InfoCommAsia
InfoCommAsia Pte Ltd extends its influence through three marquee shows: Beijing InfoComm China, Chengdu InfoComm China, InfoComm India, and InfoComm Southeast Asia.

Each show comprises an exhibition that showcases the world's most cutting-edge and in-demand inventions, and a summit that presents learning opportunities. Bringing together industry players and top-level decision-makers from across all industries, the shows enable industry players to tap into the vast potential presented by the pro-AV and integrated experience technology markets of each country and region.

PRESS CONTACTS:

Krystle Murphy, Communications Manager, AVIXA
Email: kmurphy@avixa.org
Phone: +1.703.279-6366

David Lim, Senior Director, InfoCommAsia Pte Ltd
Email: davidlim@infocommasia.com
Phone: +65 9683 5275

Source: AVIXA

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eBay-Fujian Cross-Border E-commerce Summit opens in Fuzhou
 
Mar 14, 2018
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FUZHOU, China, March 14, 2018 /PRNewswire/ -- U.S.-based on-line auction giant eBay on Tuesday announced a new plan to help more Chinese brands seek business potential overseas.

The "Thousand Sails Plan" was published at the eBay-Fujian Cross-Border E-commerce Summit, held March 13 and 15 at the Fuzhou Strait International Conference and Exhibition Center. This Summit is led and organized by China (Fujian) Pilot Free Trade Zone in Fuzhou.

Under the plan, eBay aims to help a thousand Chinese brands to enter overseas markets through its e-commerce platform. The company will offer support with its experience in big data, market analysis and marketing resources.

Excellent brands and sellers whose overseas sales volume grew from zero to over a million U.S. dollars within a year on eBay were awarded at the summit.

In January, eBay and Linca Industrial (Fujian) Group Co., Ltd. inaugurated a cross-border e-commerce industrial park in China (Fujian) Pilot Free Trade Zone in Fuzhou, capital of east China's Fujian Province. The park is the first industrial park with a full industry chain of cross-border e-commerce in China.

"Linca has grasped the opportunity of Belt and Road Initiative and preferential policies in Fujian in recent years to fasten the construction and operation of logistics and industrial parks. By combining e-commerce with finance, payment, training and exhibition services, we have laid solid foundation in relevant industries and services. We hope this summit can become a benchmark in cross-border e-commerce in China," said Chen Longji, board chairman of Linca.

"As leader and promoter of global cross-border e-commerce, eBay hopes this summit can work as a platform for sellers, manufacturers as well as service providers in logistics, finance and IT to join hands and work together to make the e-commerce industry bigger and stronger," said John Lin, chief executive officer of eBay Greater China.

"Fuzhou has held a series of cross-border e-commerce events over the past year. These events have greatly promoted the upgrading of traditional export enterprises and industries such as logistics, payment and finance. This year, China (Fujian) Pilot Free Trade Zone in Fuzhou will help 100 domestic companies to explore overseas markets including the European Union, Japan, Australia and India via e-commerce platforms such as eBay and Amazon," said Liang Yong, deputy director of the Fujian Pilot Free Trade Zone.

Established in 1995 in California, eBay is one of the largest, most dynamic e-commerce platforms in the world. The company has been the top choice for many Chinese companies to explore overseas markets.

Fujian is the second largest cross-border e-commerce exporting province in China and registered an annual growth of over 35 percent in cross-border e-commerce exports over the past three years. The capital city of Fuzhou is home to many manufacturers and e-commerce sellers.

Source: China (Fujian) Pilot Free Trade Zone in Fuzhou

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Colt and PCCW Global Demonstrate Speedy Payment Settlements using Blockchain Technology
 
JCN Newswire
Mar 14, 2018
Category:

The Proof of Concept undertaken by Colt and PCCW Global reduced inter-carrier settlement time from hundreds of man-hours per month to less than a minute

LONDON - (ACN Newswire) - Colt Technology Services and PCCW Global, the international operating division of HKT, have collaborated with Clear, a blockchain start-up company, to demonstrate that inter-carrier settlement times can be reduced from hours to minutes by blockchain technology.

The objective of this Proof of Concept (PoC) was to ascertain if the advantages offered by blockchain technology could be applied to make inter-carrier settlements more efficient, reliable, and scalable.

This PoC was specifically focused on the settlement area of wholesale voice minutes, as the majority of telecom operators have similar processes for these transactions.

Today, despite the financial importance of these settlements to wholesale carriers, they still involve manual transactions which are costly for all parties. In the trial, the application of blockchain's decentralised, cryptographically enforced, immutable ledger technology resulted in tens of thousands of call records being analysed and settled in a few minutes. Using blockchain technology, hundreds of hours of manual work were reduced to seconds of automated verification and settlement.

Furthermore, blockchain technology adds an extra layer of security and trust to transactions in an industry where sensitive and proprietary information is frequently exchanged, fraud is rife, and dispute resolution can be lengthy and complex.

Most of today's blockchain technologies lack solutions for scalability, contract privacy and enterprise grade business logic, all critical for an industry wide settlement and clearing platform. However, through the use of proprietary technologies, this PoC demonstrated the viability of a blockchain-based wholesale trading system.

Both Colt and PCCW Global are members of the ITW Global Leaders' Forum (GLF), where discussions on blockchain have featured heavily, and it was in this forum that the collaboration was cemented. GLF aims to foster an environment within the telecom industry that focuses on ubiquity and interoperability among providers. This PoC was centred around these themes by attempting to understand how a technology such as blockchain can benefit the sector as a whole.

Carl Grivner, Chief Executive Officer of Colt, said, "It is our goal to create a more agile, customer oriented organisation, and one way in which we are doing this is by exploring the benefits of disruptive technologies, such as blockchain. Collaborating with PCCW Global and Clear is ground breaking, as we have demonstrated how blockchain can transform the way we conduct business in the telecom industry."

Marc Halbfinger, Chief Executive Officer of PCCW Global and the Chairman of the GLF, said, "Everyone is talking about blockchain but the use cases in the telecom industry have been fairly limited until now. Whilst this deployment is currently only at the PoC stage, through our collaboration with Colt we are eager to demonstrate how the many potential uses of blockchain across our industry can deliver value by improving the ways in which we interoperate."

Gal Hochberg, Chief Executive Officer of Clear, said, "It is exciting for any business to create something that has the power to truly innovate how an entire industry operates. This PoC marks the beginning of how blockchain is set to revolutionise the telecom sector."

During two separate demonstrations, one of which took place at the Pacific Telecommunications Council annual conference in January 2018, the PoC showcased the use of blockchain to positively settle payments for inter-carrier voice traffic. It reduced what can take several weeks, and sometimes months, of intense manual labour down to less than a minute.

"This PoC could also see the beginning of a cryptocurrency model where, rather than exchanging cash to settle transactions, carriers could move to a token-based credit environment. If successful, such a model could be rolled out beyond the carrier community to other technology service providers," concluded Mr. Grivner.

About Colt

Colt aims to be the leader in enabling customers' digital transformation through agile and on-demand, high bandwidth solutions. The Colt IQ Network connects over 800 data centres across Europe, Asia and North America's largest business hubs, with over 25,000 on net buildings and growing.

Colt has built its reputation on putting customers first. Customers include data intensive organisations spanning over 200 cities in nearly 30 countries. Colt is a recognised innovator and pioneer in Software Defined Networks (SDN) and Network Function Virtualisation (NFV). Privately owned, Colt is one of the most financially sound companies in its industry and able to provide the best customer experience at a competitive price. For more information, please visitwww.colt.net.

About PCCW Global

PCCW Global is the international operating division of HKT, Hong Kong's premier telecommunications service provider, which is majority-owned by PCCW Limited. Covering more than 3,000 cities and 150 countries, the PCCW Global network supports a portfolio of integrated global communications solutions which include Ethernet, IP, fiber and satellite transmission solutions, international voice and VoIPX services, managed network & security services and our expanding "as-a-service" solutions including OTT video and Unified Communications.

PCCW Global is headquartered in Hong Kong, and maintains regional centers in Belgium, China, France, Greece, Japan, Korea, Singapore, South Africa, the United Arab Emirates, the United Kingdom and the United States of America. To learn more about PCCW Global, please visitwww.pccwglobal.com.

About HKT

HKT (SEHK: 6823) is Hong Kong's premier telecommunications service provider and leading operator in fixed-line, broadband and mobile communication services. It meets the needs of the Hong Kong public and local and international businesses with a wide range of services including local telephony, local data and broadband, international telecommunications, mobile, and other telecommunications businesses such as customer premises equipment sales, outsourcing, consulting, and contact centers.

HKT offers a unique quadruple-play experience in Hong Kong delivering media content on its fixed-line, broadband Internet access and mobile platforms jointly with its parent company, PCCW Limited.

HKT also provides a range of innovative and smart living services beyond connectivity to make the daily lives of customers more convenient, whether they are at home, in the workplace, or on the go. For more information, please visitwww.hkt.com.

About Clear

Clear builds blockchain-based wholesale services clearing and settlement platforms for entire industries, and the economies that support them. Using smart-contracts and state-of-the-art cryptography, Clear's technology platforms enable enterprises to transition from current inefficient and manual processes to real-time trading and clearing on a global scale without compromise. By partnering with industry leaders, sustainable supporting economies are created, fostering evolution and innovation for the benefit of all participants. Clear aims to build a global infrastructure that allows organizations to leverage the opportunities and meet the challenges created by digital transformation, reduce costs and increase coordination and cooperation. Let's make it Clear. To learn more about Clear, please visitwww.clearx.io.

For further information, please contact:
Nola Pocock
Colt
Tel: +447917714377
Email: nola.pocock@colt.net

Ivan Ho
PCCW Group
Tel: +85228838747
Email: ivan.wy.ho@pccw.com

Roni Shani
Clear
Tel: +1 6467608118
Email: roni@clearx.io

Issued by Colt Technology Services.

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LUXIFY announces a strategic investment from Heart Media Group
 
Mar 09, 2018
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Hong Kong, March 9 2018 --( ASIA TODAY )-- LUXIFY, the world’s largest online luxury marketplace announced today a strategic partnership and investment from Singapore-based Heart Media Group.

A first mover in Asia, LUXIFY launched in 2013 has been a favorite destination for luxury enthusiasts and collectors. LUXIFY is an online marketplace with a global reach which connects affluent buyers and established luxury dealers. From supercars to yachts, luxury watches, handbags, rare antiques, LUXIFY offers one of the Internet's largest collections of luxury products and experiences for sale with an inventory worth more than US$ 160 billion.

With Heart Media Group’s presence in several key Asian markets and a global footprint with LUXUO.com on the luxury online sphere, LUXIFY is set to further strengthen its positions across Asia and globally. “This is a substantial turning point for us as we welcome Heart Media as a shareholder and strategic partner. The synergies with Heart Media are clear and this investment validates the strong growth LUXIFY has enjoyed over the past 5 years. This partnership will add great value to our dealers by providing a whole new affluent audience for their products” said Alexis Zirah, CEO of LUXIFY.

This investment in LUXIFY by Heart Media further enlarges the digital portfolio of Asia’s leading luxury lifestyle media and event group. Olivier Burlot, CEO at Heart Media Group, commented “The strategic partnership and investment in LUXIFY is an important step for Heart Media. We look forward to exploring all possible synergies between LUXIFY and our Group. Through our premier events, online presence and database of affluent consumers, we are fully confident that we will further strengthen LUXIFY’s first mover advantage as the leading global luxury marketplace”.

Heart Media’s strategic partnership with LUXIFY is a reflection of digital’s increasingly pivotal role in informing and educating consumers as well as providing access to direct purchases.

-------------

About LUXIFY.com
Luxify is the world’s leading luxury marketplace. Headquartered in Hong Kong, Luxify has been the go-to destination for luxury enthusiasts and collectors since 2013. From supercars to luxury watches, handbags to rare antiques; on Luxify, affluent consumers can access one of the Internet's largest collections of luxury products and experiences for sale from the finest luxury brands and dealers around the world.

For more information, email at concierge@luxify.com or contact us at +852 3618 5858.

About Heart Media Group

Heart Media is the publisher of LUXUO.com, LUXUO.my, L’OFFICIEL Singapore, L’OFFICIEL Malaysia, MEN’S FOLIO, ART REPUBLIK, WOW, WOW Jewellery, L’OFFICIEL HOMMES Singapore. Heart Media is also the co- organizer of the RENDEZVOUS series of hi-end events which connect with the region’s affluent and brand-conscious consumers through their chosen lifestyle activities. Heart Media’s media and events have established solid reputations in their respective sectors. Heart Media is also an investor in ADITUS, the first platform on the Blockchain connecting luxury merchants and crypto-affluentswww.aditus.net). Heart Media is regarded as one of Asia's most dynamic media and event powerhouse.

For more information, email at info@heart-media.com or contact us at +65 6733 9931

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Nswitch Selected as the First TUNE Certified Partner in APAC Region
 
Feb 21, 2018
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February 21, 2018 10:00 PM Hong Kong Time - SEOUL, South Korea--(BUSINESS WIRE)--Nasmedia (KOSDAQ:089600) (CEO Kenny Chung), a digital media advertising agency in KT Group of Korea, announced that its proprietary app marketing platform ‘Nswitch’ has been selected as a Certified Partner by TUNE. As a result, Nswitch has been the first TUNE Certified Partner in the APAC region.

On February 12, TUNE announced its new Certified Partners in 2018 through its official website and their marketing channel. The newly selected advertising platforms include Nswitch, Dynalyst, AdAction Interactive, Global wide media and Affle. Of the approximately 1,500 mobile advertising platforms integrated with TUNE, only a total of 33 platforms are registered as the TUNE Certified Partners.

TUNE Certified Partner is defined as a global advertising platform certified by TUNE, mobile analytics and performance marketing platforms. It provides best practices to marketers and advertisers who want to promote app marketing so that clients can get better marketing results.

To become a TUNE Certified Partner, it is necessary to proceed the ‘TUNE Certified Partner Program’. The TUNE Certified Partner Program is divided into three sections in total and 15 details, and can be chosen as a Certified Partner only if all the requirements are met through a rigorous screening process.

In addition, after being selected as a TUNE Certified Partner, it should go through ongoing examination every year to maintain as a Certified Partner.

Byungjo Kim, who is in charge of general affairs for Nswitch in Nasmedia, gave his impression and plans regarding this nomination saying "Nswitch has consistently made efforts to provide better marketing effectiveness to advertisers as a front-runner in Korean market," “We will strive to become and settle as a global advertising platform beyond the Asian market."

Meanwhile, as of February 2018, Nswitch is currently in the second place on TUNE’s global install volume ranking, right behind Google Adwords. Therefore, there is much attention towards the move of Nswitch henceforth as a global advertising platform.

Nswitch website:http://www.nswitch.co.kr/
TUNE website (related to CPP):https://www.tune.com/blog/tune-welcomes-five-new-certified-partners/

Contacts
Nasmedia
Jessica Jang, +82 2 2188 7406
mobilep3@nasmedia.co.kr

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Decoding the ‘Private Message’ Culture
 
Jan 29, 2018
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E-commerce vendors expanding into Southeast Asia need a unique sales model for each country. Increasingly, Southeast Asians living in Taiwan and Southeast Asian online celebrities are emerging as the key to social media-based e-commerce.

E-commerce is still in the fledgling stage in Southeast Asia. Most consumers still habitually shop in brick-and-mortar stores where they can see and touch the products. Many harbor doubts about the security and trustworthiness of online shopping platforms.

Aside from trust issues, internet infrastructure is still relatively undeveloped in some Southeast Asian countries. Little bandwidth and slow internet speeds make browsing on mobile devices a tedious affair as images downloads are slow or full of errors, hampering local e-commerce development.

A survey by international consulting firm PwC indicated that consumers in Southeast Asia favor shopping via mobile phone and social media apps more than consumers in other countries.

If consumers don’t trust e-commerce platforms, finding the right product online is as difficult as looking for a needle in a haystack. However, since mobile phone use is widespread, Southeast Asian consumers are much more open to shopping in the social media world through apps such as Instagram, Facebook or Line.

“The biggest obstacle to online shopping for Southeast Asian consumers is [the lack of] trust,” observes Tai Fan-chen, deputy head of the Commerce Technology Application Research Division of the Commerce Development Research Institute (CDRI).

Although each country has a distinct culture and background, Tai says, Southeast Asian nations have one point in common - they all greatly value personal contact.

Therefore, social media platforms that provide such a “human touch” are very popular and an important channel for reaching out to potential customers. Comparable to direct selling, this type of e-commerce model exploits interpersonal relationships to generate profits or entice people into making a purchase.

When you ask Taiwanese and Malaysian e-commerce companies what is indispensable to know when one wants to be successful in the Southeast Asian market, they will inevitably tell you: Private message or chat room economy.

What is Meant by Private Message Culture?

Private message culture means that customers use social media platforms and messaging apps to ask all kinds of questions about a product before they decide to place an order.

They inquire about product features such as size, measurements and price, or want to know how to place an order: how to navigate the site, make a money transfer, accept a delivery, and so on. While online shoppers in Taiwan are used to these logistics processes from order to delivery, inexplicable problems can crop up anywhere along the way in Southeast Asia.

“What occurs most often is that people ask you how to place an order; people here are used to letting you help them order,” explains Zhi Qing Wong, a customer representative at the Malaysian subsidiary of Taiwanese cosmetics company All Young.

“Many people are lazy,” remarks Ng Shern Yau, co-founder and COO of Hong Kong-based Logistics Worldwide Express (LWE), which uses Malaysia as its logistics and customer service hub. Ng points out that some people get in touch not to ask the price, but rather to haggle about the price, which would not be possible if they order through a website. “Malaysians like to haggle,” notes Ng.

Consumers in different markets also differ. Shoppers in the Philippines tend to be impulse buyers, whereas Malaysian consumers tend to hesitate and think over purchase decisions for some time.

“They love chatting; I once spent an hour answering a customer's questions, but he waited a month before placing his order,” recalls Eng Sin Yee, customer representative at Taiwanese online cosmetics and body care retailer Shopping99.

Hsu Yi-chih, general manager of Vacanza Accessory, a jewelry vendor who is also active in Malaysia and Vietnam, points out that communication with new customers is time-consuming and therefore costly. Consumers expect an exchange of several private messages, and even after all their questions have been answered, they do not necessarily make a purchase. “They want to chat with you to confirm that you are a real person,” Hsu points out. (Read: Appealing to Southeast Asian Markets with Taiwanese Quality)

In Taiwan, online vendors often use endorsements by Internet stars or manage social media communities because this has proven the most effective approach for building reputation and trustworthiness in Southeast Asia.

Southeast Asian Graduates in Taiwan Manage Social Media Communities

Shopping99 counts among the Taiwanese online vendors who expanded into overseas markets at an early date. Last summer, the company made a second attempt to win the Malaysian market, relying on Malaysians living in Taiwan to manage social media communities in their home country from Taiwan.

Shopping99 co-founder and chief marketing manager Sharon Peng has hired Malaysians who graduated from universities in Taiwan and put them in charge of marketing, social media, customer service and promotional live broadcasts because they know best how to communicate with Malaysian consumers.

A mobile phone, two hosts, three products and four spotlights are all it takes to get rolling for a live broadcast on the latest must-have beauty products sold on Shopping99.

“You definitely won’t find this in Malaysia…,” the two Malaysian hosts, Fang Wan-yi and Huang Hsin-yi, tell their live audience. The pair, who speak Mandarin, English and Cantonese aside from their mother tongue Malay, smoothly switch from one language to another when introducing products. During the broadcast, they occasionally respond to online messages from viewers.

The live broadcasts take place two to three times per week lasting 20 minutes to half an hour. During the program, Fang and Huang not only advertise the products but also present life in Taiwan. They once did a live broadcast from an Ay-Chung Flour-Rice Noodles outlet, and also filmed an episode comparing different bubble milk teas.

“We don’t do live broadcasts only to sell stuff; sometimes it is to build brand recognition and intimacy,” notes Peng. The broadcasts help convince customers that Shopping99 is a legitimate shopping website and enlivens the fan community so that people ask questions when they consider a purchase.

Aside from managing their own social media communities, the fastest way for companies to boost their brands is to directly partner with online influencers who take advantage of their popularity and their fans’ trust to feature products in their videos.

Teaming Up with Internet Celebrities

“Online celebrities and online models are not the same. Online celebrities must have their own ideals. What we are doing now is steering online celebrities’ focus away from simply viewer numbers to gaining their viewers’ trust,” explains Kokee Lau, general manager Greater China for Malaysian online artist management agency Red People. Taiwanese online cosmetics retailer 86shop collaborates with Red People to boost the site’s popularity in Malaysia through online influencers.

Shopping99 also once invited Philippine online celebrity Sachzna Laparan, who has more than a million followers, to Taiwan. During the four-days, three-night trip she not only promoted products in live broadcasts but also food and fun activities in Taiwan, which greatly boosted interaction with her fans.

Marketing by Compatriots Engenders More Trust

Another trend that has recently emerged is Taiwanese companies collaborating with Southeast Asian social media influencers who live in Taiwan to promote their products among migrant workers and immigrants from Southeast Asia.

Indonesian national Anny Ting has lived in Taiwan for 16 years. She is well-known among Taiwan’s Indonesian community as the host of an award-winning radio program. Ting also works as a translator, voice-over artist and, most recently, in a new capacity as live broadcast celebrity.

As a Muslim, Ting often wears a headscarf. She is known for her acute fashion sense and ability to pick the right colors, and is often asked where she buys her headscarves.

“Sister, I want to buy the same scarf as yours,” is a request Ting often hears from migrant workers.

Last October, a Taiwanese headscarf maker asked Ting to present their products. So she launched live broadcasts on social media such as Facebook and Line promoting cosmetics, health and body care, make-up brushes and wireless karaoke microphones, eliciting an overwhelming response from her audience.

Ting reveals that of all the products she has endorsed, the headscarves have so far proven most popular, while clothing and body care are also selling well. On average, customers spend between NT$1,000 and NT$2,000 per purchase. Clearly, this is a previously overlooked market segment.

Ting is convinced that “trust” is the key reason why her live broadcasts became a success. “Because I used to be a migrant worker, the Indonesians in Taiwan feel that I am one of them,” she notes.

Evidently, understanding the market, localizing marketing and building trust among consumers are the keys to e-commerce success in Southeast Asia.

Translated from the Chinese article by Susanne Ganz

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GrabPay launches next phase of growth with new Managing Director for GrabPay in Singapore, Malaysia, and Philippines
 
Jan 09, 2018
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Ooi Huey Tyng adds more than 25 years of experience from senior payments roles in Southeast Asia incl. Visa, DBS, UOB, and Citi
Appointment comes as GrabPay successfully onboards 1,000 merchants in Singapore for 2017

Singapore, 8 January 2018 – Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today announced it has appointed Ooi Huey Tyng as Managing Director, GrabPay Singapore, Malaysia, and Philippines. Based in Singapore, Huey Tyng brings on board more than 25 years of experience in senior positions at global banks and leading payments providers. Following shortly after a number of GrabPay milestones to end 2017, this appointment underlines the scale of the payments platform’s ambitions coming into 2018.

Huey Tyng joins Grab from Visa, where she was the Country Manager for Singapore and Brunei. During her time, Huey Tyng drove the company’s innovation and digital roadmap as well as the strategic engagement of regional banks headquartered in Singapore. Prior to that, Huey Tyng held leadership roles at DBS, UOB, and Citi among others, where she was responsible for managing retail cards businesses, co-branding and rewards partnerships, as well as engagement with merchants. Huey Tyng also served as a representative to the MAS Payments Council and the Committee on the Future Economy (CFE).

“Huey Tyng brings deep leadership expertise from some of the region’s premier banks and payments providers. Her experience with our current and potential payments partners will be invaluable as GrabPay moves into its next phase of growth. Millions of people in Singapore, Malaysia and the Philippines are still heavily dependent on cash. Huey Tyng’s skills in forging business partnerships across each country will enable us to bring more merchants and consumers into the cashless future faster,” said Jason Thompson, Managing Director, GrabPay Southeast Asia.

Commenting on her new role, Huey Tyng says, “It’s an exciting moment to join Grab. There are unique opportunities and challenges in the payment space for each country in Southeast Asia. For instance, even in highly-developed Singapore, more than 20,000 merchants remain primarily cash-based. With GrabPay, we can complement the work of our partners and offer millions of consumers in Singapore, Malaysia, and the Philippines the opportunity to go cashless.”

To close out 2017, GrabPay onboarded a total of 1,000 merchants in Singapore, reaching its target a mere two months after launching its in-store and in-restaurant payments service. For 2018, the payments platform will continue to focus on Singapore’s more than 20,000 local, cash-based merchants who will see the most immediate benefits from adopting cashless. In Malaysia, GrabPay was granted the e-money licence by Bank Negara Malaysia, Malaysia’s central monetary authority. As a result, consumers in Malaysia will be able to pay with Grab in restaurants, shops and online, starting in the first half of 2018. End of December, Grab also moved beyond transport in the Philippines to launch its peer-to-peer (P2P) fund transfer feature. In the cash-heavy Philippines, this feature enables Grab consumers to send GrabPay Credits to one another in an instantaneous, simple and secure way.

As Grab plans to expand all payments services across SEA in 2018, these milestones continue to mark Grab’s transformation from Southeast Asia’s largest on-demand transportation platform to the region’s #1 consumer internet platform.

Today, the Grab platform facilitates more than 3.5 million transactions daily. To support the growth of the GrabPay platform, Grab also made a number of business announcements in 2017:

  • The appointment of Jason Thompson, a former Managing Director for EMEA and Asia at Euronet, to lead GrabPay as Managing Director, GrabPay Southeast Asia.
  • The acquisition of Kudo, one of Indonesia’s leading O2O (online to offline) ecommerce platforms, followed by a partnership with leading payments services PayTren to form Indonesia’s largest network of more than 3 million micro-entrepreneurs
  • The appointment of Vikas Agrawal as CTO of GrabPay and Ongki Kurniawan as Managing Director of GrabPay Indonesia
  • The launch of a revamped GrabRewards platform, one of Southeast Asia’s largest loyalty programmes with more than 160 Rewards partners

    SOURCE / Grab

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