VestLink's Xinno (Cross-Innovation) Week leverages the power of Seattle tech hub to make China inroads for local startups
 
May 15, 2018
Category:

SEATTLE, May 16, 2018 /PRNewswire/ -- VestLink, a Seattle-based innovation platform, kicked off its inaugural 2018 Cross-Border Innovation (Xinno) Week on Sunday with an open-to-the-public Opening Day featuring the best of tech talent, entrepreneurs and investors from across the Pacific North-West and China to discuss emerging technology trends such as AI, Machine Learning, IoT, Blockchain, EdTech, HealthTech and FinTech.

VestLink is a platform for connecting Seattle-based global innovators with the China market. Founder and CEO Amy Du says there are logistic and cultural challenges involved in fostering collaboration between US and Chinese companies and their aim is to bridge these gaps:

"We need to bring these partners onto the same platform, into the same room, for them to have a mini conversation and the goal for that conversation is not to just meet and greet, but to become a starting point for people to explore interest and then have the opportunity to follow up and foster real partnership and real investment and that's why we created Xinno Week."

Seattle's population is one of the fastest growing in the US. San Francisco for its part lost 24,000 people, many of whom simply jumped ship and headed north to The Emerald City. The US Census revealed that from 2016 to 2017 Seattle was the only metropolitan center north of the Sunbelt to have more people moving in than leaving.

People came for more affordable living, a better lifestyle, but more pertinently, they came to work in tech.

Of all new office jobs created in Seattle over the past two years, 69% have been in tech. IBM, Intel, Google, Apple - they're all here. China's big players - Baidu, Alibaba and Tencent - have all followed suit. In an era of growing cross-border innovation and collaboration, Chinese firms are now coming to Seattle too, to recruit, collaborate, invest, and acquire.

VestLink CEO Amy Du experienced this all first hand when she became one of the very first consultants at Chinese systems integrator Digital China to be sent to Seattle to assist Microsoft. Through her connections on both sides of the Pacific, Amy introduced a local startup to one of China's biggest IT consulting firms iSoftStone; iSoftStone later acquired the startup and set up its US HQ in Seattle, where Amy ultimately took up the role of Vice-President, Worldwide Services.

Yet in promoting China-Seattle collaboration and investment, Seattle needs to do more than overcome cultural differences; they must compete for attention with Silicon Valley's decades-long history as a high-tech hub.

VestLink was created to fill this gap in Seattle. It now runs its own co-working space and incubation center designed specifically for startups with an interest in China. It also welcomes Chinese company, government or investment delegations almost every other week to host events and connect with local entrepreneurs.

In education and research, Seattle finds itself locked in a similar scenario. University of Washington (UW) with its world-class computer science faculty still generates far less companies from its graduate pool than does Stanford.

Still, UW's in-house incubator program Co-Motion recently partnered with Beijing's prestigious Tsinghua University to co-launch the Global Innovation Exchange in the first-ever case of an official Chinese educational institution setting up its own brand abroad. In total, Co-Motion has produced 81 startup companies since 2013. It all points to a very encouraging trend in Seattle-China innovation collaboration.

Just last year, Amazon in cooperation with United Innovation Services (UIS) opened their Qingdao-AWS Joint Innovation Center in China to promote AWS cloud services application in the market and provide startups with technical training and funding support.

Vice-President of Amazon Web Services (AWS) Dorothy Nicholls is the tech giant's highest ranking Chinese employee. She says Amazon represents a great case study of a company that entered China over ten years ago yet is still transforming today and finding their identity in the China market:

"So we ask ourselves: what do we want to be? What's our strength to the Chinese consumers? You really have to take a step back. I think the bottom line for me… here is a US company trying to appeal to consumers in China, and we really have to figure out what's our differentiation and what model we can have that's defensible, that cannot be easily copied."

Dorothy joined a group of more than 30 speakers and panelists present on Xinno Opening Day, including senior executives of 12 unicorns, to discuss the trends of cross-border collaboration.

"My team and I are looking to promote the technology and culture of the City of Jinan, and to attract local talents and companies here in Seattle to the city," says Zhaocun Xie, chief executive of Lixia District in Jinan, who signed the contract with VestLink Group to establish the "Seattle Cross-border Innovation and Collaboration Center" on Xinno Opening Day. Bin Yin, CEO of UIS, a China-based incubator and fund which oversees the operations of over 20 science and technology parks located both in China and the US, is also participating in the week-long event.

Two more participants were Doctors Xuchen Yao and GuoGuo Chen, cofounders and former CEO and CTO respectively of Kitt.ai. PhD graduates at John Hopkins, Yao and Chen (both Chinese nationals) decided to move to Seattle to found their own startup; there they enrolled in the Allen Institute for AI where they developed a framework to build and power chat bots and voice-based applications. Within only a couple of years, the company was acquired by Baidu, which then went on to open its local R&D center. Amy Du says that for firms wanting to strengthen their competitive advantages in technologies like AI and Machine Learning, this "makes sense"; the best way being to set up an R&D center, the quickest to acquire a creditable local firm.

Yao and Chen represent just two instances of a huge influx of Chinese students that now accounts for a massive 50% of Seattle's entire international student body. 3.4% of the population speak Chinese. China's FDI (foreign direct investment) into the city continues to grow. More signs that Seattle is well set to facilitate further collaboration with Chinese companies.

VestLink has flown out investment partners from China and the Bay area for Xinno Week. Eight local startups, selected on the basis of their significant traction and interest in building cross-border collaboration with China will also be pitching to these US and China-based investors.

About Xinno Week

Xinno Week provides a platform for entrepreneurs, innovators, business and industry leaders to connect and gain valuable insights of technology and investment trends in both the US and China markets, to discuss emerging opportunities and foster future partnerships and collaboration. The event is jointly hosted by the Chinese Chamber of Commerce in Washington State (CCCWA), VestLink, MSUP and the Chinese Young Professionals Association (CYPA). Xinno Week kicks off in Seattle this Sunday 13 May.

About VestLink

VestLink is a leading platform for connecting global innovators with the China market. Entrepreneurs, angel investors and venture capitalists are able to leverage VestLink's large and rapidly growing network of startups and innovators to connect with investment opportunities in AI, Machine Learning, Big Data, IoT, CloudTech, HealthTech, FinTech, EdTech, RetailTech, smart cities and AR/VR. Its Seattle-based incubation center and co-working space, supported by its consulting expertise and team of seasoned mentors, creates an environment to accelerate startup growth with a unique focus on cross-border business and collaboration.

Please visit -https://www.xinnoweek.org/ for more information.

Source: VestLink

 
 
Shopee announces M2030 partnership and pledges commitment to defeat Malaria in the region
 
May 10, 2018
Category:

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

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
COMPUTEX Advancing to Israel Looking to Build Global Technology Ecosystems with Israeli Hi-Tech and Startup Companies
 
May 09, 2018
Category:

In order to establish the Taiwan-Israel bilateral economic and trade promotion, Mr. James Huang, Chairman of TAITRA, Taiwan External Trade Development Council, led a delegation of 14 representatives to visit Israeli hi-tech and startup companies from April 27 to May 4, hoping to develop concrete cooperation opportunities. Delegation representatives included Mr. Walter Yeh, President & CEO of TAITRA and other TAITRA representatives as well as high-level representatives from Lite-On Technology, Hotung International Company, Global Monte Jade Science & Technology Association, Epoch Foundation (Garage+), and CDIB Capital Innovation Advisors.

In addition to visiting Israeli companies, TAITRA also held a Seminar on Taiwan AIoT Industry & COMPUTEX 2018 at the Carlton Hotel in Tel Aviv on April 30th. The seminar attracted 85 participants in the field of IoT, AI, startups, and media. After the seminar, TAITRA delegates and Israeli entrepreneurs networked and exchanged ideas. Media that attended the seminar included more than 10 mainstream and technology media such as Forbes Israel, The Jerusalem Post, The Times of Israel, Yedioth and Israel Hayom.

Taking advantage of the occasion, Mr. Walter Yeh, President & CEO of TAITRA and Mr. Gadi Ariely, Director General of the Israel Export Institute, signed an MOU. TAITRA Chairman, Mr. James Huang stated that through this memorandum of understanding, the two parties would assist each other in promoting trade activities, exchange market information, and assist Taiwan small and medium enterprises to strengthen collaboration and connect with Israeli companies.

Mr. Paul Kuoboug Chang, Representative of Taipei Economic and Cultural Office in Tel Aviv, Ms. Talia Goshen, Manager of Asia Pacific International Collaboration Division, Israel Innovation Authority, Mr. Miky Admon, Director of Hi-Tech Department of Israel Export Institute, and Ms. Daniela Kandel, Director of Global Finder Network, Start-Up Nation Central were invited to the seminar as distinguished guests to deliver remarks. The Israeli guests shared their views on of how Israel and Taiwan complement each other in the high-tech industry. Taiwan's strengths lie in the production of ICT and IoT related hardware products while high-tech companies in Israel specialize in IoT and AI software application development. Business cooperation between these two countries will create a win-win situation for both.

At the seminar, invited speakers, Mr. Vincent Chang, Director of Industrial IoT, Advantech, Mr. Bruce Bateman, Chief Technology Advisor of Lite-On Technology, and Ms. Josephine Chao, President of Epoch Foundation, shared their views on Taiwan smart manufacturing, smart city IoT solutions and the development of Taiwan's startup ecosystem. The seminar led to great responses from the country's high-tech and start-up companies.

The 2018 COMPUTEX will be exhibited at the Taipei World Trade Center Halls 1 and 3, Taipei Nangang Exhibition Center Hall 1, and Taipei International Convention Center from June 5 to 9. It has attracted more than 1,600 exhibitors from 28 countries to participate. During the seminar, Ms. Emilia Shih, Deputy Executive Director of TAITRA, introduced the development of IoT and AI in Taiwan and the preview of COMPUTEX 2018 highlights to the Israeli media and attendees.

As one of the world’s leading ICT, IoT and startup show, COMPUTEX, will continue its transformational momentum from the past two years while adding new elements to the exhibition. This year, COMPUTEX will focus on six themes: AI, 5G, Blockchain, IoT, and Innovations & Startups and Gaming & VR. The fifth-generation mobile communications and blockchain are the new themes this year. 5G giants Qualcomm and Ericsson, and IBM, the leader of blockchain application technology, will participate in the COMPUTEX FORUM organized by TAITRA as keynote speakers to share the latest trends in global 5G and blockchain.

The InnoVEX exhibit at COMPUTEX, going into the third year, is offering a startup lineup better than the previous years. More than 300 startups from 19 countries are participating, a 10% exhibitor growth compared to 2017. The proportion of international teams is 40% of which one-third are startups in the field of artificial intelligence, including five startups from Israel. In addition, 13 country pavilions organized by the European Union, the Netherlands, Belgium, France, Spain, Poland, Malaysia, Mexico and South Korea will also be displayed in this exhibition area, which is a threefold increase over last year.

 
 
Holdex Integrates Blockpass KYC App into ICO Checkout Platform
 
JCN Newswire
May 03, 2018
Category:

HONG KONG - (ACN Newswire) - Blockpass and Holdex have announced a partnership to offer streamlined Know Your Customer (KYC) and Anti-Money-Laundering (AML) identity verification solutions to Holdex clients.

Blockpass serves as the much needed identity solution for the blockchain and cryptocurrency ecosystem. The rapidly growing sector has been bolstered by a surge in Initial Coin Offerings (ICOs) and billions of dollars of investment without verifying the identity of investors. Fearing money laundering, terrorist financing and ponzi schemes, governments globally are implementing greater regulation of ICOs and the blockchain sector in general, requiring stricter KYC and AML compliance. Such identity verifications take several days or weeks to complete, slowing down user onboarding and leading to significant costs as high as 20% of operating budgets.

Blockpass is simplifying the way businesses of all sizes perform regular KYC functions by offering a shared regulatory compliance service for humans, companies, objects and devices. Holdex strives to make ICOs easy and affordable by building reliable, flexible and user friendly tools to support crypto crowdfunding campaigns. In doing so, Holdex ensures that campaigns will be the most secure and compliant by providing ICOs with top KYC and AML checks and reports.

"The partnership means that Holdex customers will soon have access to a tool that provides even greater compliance for the ICO and crypto funding process, alleviating what has been an expensive and time consuming process," said Blockpass CMO Hans Lombardo. "This is the next step in bringing ICOs into regulated mainstream industries."

"Traditional fundraising tools are complex and not available for everyone. However, blockchain technology has enabled ICOs as a new way to support ideas and fuel them. Holdex is on a mission to make ICOs easy and affordable for startups. By providing a simple tool to create and manage ICO campaigns, at Holdex we want to make sure bad actors are excluded. This is why integration with Blockpass will provide Holdex an extra layer of KYC/AML compliance," said Holdex co-founder and Director Vadim Zolotokrylin.

About Blockpass IDN
The goal of Blockpass IDN -http://www.blockpass.org/ is global realization of identity for the Internet of Everything. Through the use of blockchain technology and smart contracts, Blockpass is a production ready Regtech platform offering shared regulatory and compliance services for humans, businesses, objects and devices. As this identity system supports verification of humans (KYC), objects (KYO) and connected devices (KYD), it will enable the development of new applications that rely on a trusted connection between human, corporate, and device identities. Registered in Hong Kong, Blockpass IDN is a joint venture of Infinity Blockchain Labs and Chain of Things. Blockpass IDN licenses its technology from the non-profit Blockpass Foundation, registered in the Isle of Man.

About Holdex
The Holdex platform -https://holdex.io enables ICO campaign setup without you having to code a single line or maintain the infrastructure. Our solution covers and supports the whole process from whitelisting, promo and referral campaign management to issuing and distributing your tokens.

Media contact:
Caitlin Betts
T: +852 9733 4935
E: press@blockpass.org

 
 
Contact
Company JCN Newswire
Contact Tiara Liu
Telephone +81-3-5791-1821
E-mail info@japancorp.net
Website
How to Keep Your Workforce Safe Online
 
May 02, 2018
Category:

In today’s world, we spend most of our time online whether it’s for business or for pleasure; therefore, it’s vital to keep ourselves, and our employees, safe when online. From entering personal data when ordering online to emailing sensitive data, the way that your employees share and interact online could be putting your company at risk of a serious data breach without you even realizing it.

No matter how hard you work as an individual to stay safe online, if your workforce is not educated and continues to make poorly informed choices then this will affect the future safety of your company. While most staff do not enjoy attending training workshops, or even if you provide online modules to complete, then you may be met with some resistance at first. However, explain the relevance of why you are completing training to keep your workforce safe online. If you highlight the benefits of this to your colleagues, emphasizing that the knowledge they acquire will also keep their kids and family safe, then you are sure to have an employee base that is ready to learn how to make positive improvements in the future.

If your company is in need of better online safety, be sure to keep these tips at the forefront of your mind if you want to ensure that your colleagues and crucial business data are kept out of the reach of opportunists.

Keep your passwords safe

It might sound incredibly obvious, but you will need to start by reviewing how passwords are stored across your firm and whether they’re strong enough. Chances are, you are bound to find colleagues who still write down their passwords on scraps of paper or worse stick them to their desktop monitor. Remember that once cyber-criminals have access to an employee password, they will be able to get into your network just by logging in – resulting in a serious data breach that will damage your company.

To limit such risks, ensure that your colleagues change their passwords regularly, and keep any passwords that they choose secure by using random combinations of digits and letters, rather than information that can be easily hacked such as the name of their first pet, their date of birth or even the names of their children. The stronger the password, the more difficult it is for hackers to make their way into your network, meaning that your workforce will be kept safe and secure.

While most employees will grumble at the thought of updating their passwords, there are easy ways to improve the passwords in your company. For example, sites such as Security Baron provide reviews and guidelines for keeping passwords safe and secure, in addition to the best password managers you could consider using in your firm. Once your passwords are kept updated and safe, the risk of a breach will drop.

Basic education

If you want to ensure that your colleagues remain safe and protected online, then you will need to provide some basic in-house training and support. If you have part of your workforce that uses telecommute or works at home, then make sure that they also understand the importance of having up to date anti-virus protection in place and make sure that they also use firewalls and anti-spyware on their home machines also.

Basic education will ensure that your workforce remains safe, no matter if they are working or using their computer for leisure. If your company celebrates safety and security, as one of your key values, then it is crucial that you include cyber security and best protocols for any work that is completed online or on your company network in this also. However, it is important that you do not create a fear-based environment, and by providing a basic education you can explain to colleagues that you are looking to make changes to improve their current working environment. If you do not already include online protocols and best processes to follow as part of your onboarding or regular safety training, then now is the time to do so.

Crisis protocols

Finally, if you are looking to keep your workforce safe, then you will need to ensure that you have an up to date and relevant crisis protocol in place in the event that your firm gets hacked or a data security breach occurs. Make sure that all of your colleagues are educated and aware what actions should occur in the event of a communications breach. From social media to important company files or data being hacked and shared online, it is up to you to ensure that your workforce knows exactly how to respond in the event of an emergency. There are many options from briefing your IT team, to even making sure that you have stock phrases ready for your communications department, it certainly pays to plan ahead so that you are prepared in case of any emergency. Remember that your colleagues will have learned not to share any confidential information online as part of your new and improved safety training, so they should now be calm and professional under pressure.

If you want to ensure that your company continues to operate safely and efficiently, then it is vital that your workforce remain safe and informed, so that they make the right decisions when accessing information online. Be sure to keep any passwords safe and ensure that colleagues change their passwords regularly and make sure that colleagues do not choose obvious names or information as part of their company password. Provide a basic education so that even remote workers are kept protected, and make sure that you highlight the importance of cyber security for all employees across your business. Finally, have a crisis protocol in place so that your staff know what to do in the event of a breach. Once your staff have been briefed, and your workforce is prepared, you can rest safe in the knowledge that your company is no longer at risk of being compromised.

Photo by Markus Spiske on Unsplash

 
 
Five Tech-Driven Consumer Trends Reshaping Commerce
 
Apr 30, 2018
Category:

29 April 2018 – Rapid advances in mobile technology and Internet accessibility are revolutionising shoppers’ behaviour at a breathtaking pace, with digital-savvy consumers driving fundamental change in businesses and the market. Five key relevant trends and the need for commerce to keep up with them to stay relevant were underlined at a 27 April seminar themed “Top 5 Global Digital Consumer Trends in 2018”, held during the 33rd HKTDC Hong Gifts & Premium Fair at the Hong Kong Convention and Exhibition Centre.

The seminar was presented by Michelle Evans, Global Head of Digital Consumer Research, Euromonitor International, the world leader in global strategic research for consumer markets.

As the overseer of Euromonitor’s research on today’s digital consumers, she noted there are now 3.6 billion global Internet users, or half of the world’s population, with 53 per cent saying they would be lost without the Internet – a clear indication of “the Internet getting more and more entwined in our daily lives.”

Ms Evans defined three “Internet megatrends” that directly affect commerce: ‘Connected Consumers’, namely tech-savvy shoppers; ‘Shopping Reinvented’, the trend towards seamless shopping by smartphone; and ‘Experience More’, reflected by today’s consumers spending more on experiences than ‘things’.

Technology serves as an enabler of all these megatrends, she said, with 28 per cent of Connected Consumers using a phone to compare prices in shops on a weekly basis.

Ms Evan went on to identify five key trends on how technological advances are reshaping the way consumers shop and spend.

Trend 1: Digital life converges in super apps

The first of these trends is the so called ‘super apps’ – multi-functional, all-in-one apps such as China’s WeChat, combining almost every aspect of a consumer’s world from utilities, lifestyle and finances to shopping and communication into a single mobile platform.

“WeChat is this revolution’s posterchild, giving the world a preview of where the Internet is going,” said Ms Evans.

In the meantime, Western tech titans including Alphabet, Apple and Facebook are “tiptoeing into the area”, with Facebook the closest, she said.

China’s leadership is understandable, she noted, given the world’s most populous nation dominates mobile Internet subscriptions with more than 1.1 billion, approximately three times the number in the United States. With China’s “mobile first mentality”, WeChat is also the top social platform globally, with more than a billion users.

“Old habits die hard in the US, with an established way of doing things,” she said, “while Asia-Pacific consumers have embraced all-in-one super apps, because they offer a cohesive experience.” The implications for businesses is that a “new breed of competitors is emerging”, responsive to evolving consumer expectations.

Trend 2: Data as the new currency

There is a clear reason why tech giants like Apple, Microsoft, Amazon and Facebook, along with Chinese counterparts such as Alibaba and Tencent, are valued highest in the world, said Ms Evans – because they possess the most data.

This means they can craft individually tailored experiences for consumers, in high demand because today’s consumers all “want to be seen as distinct from one another, and desire unique experiences and individually-tailored stories”, said Ms Evans, adding this is the second digital-age consumer trend.

Artificial Intelligence can greatly empower this personal touch, illustrated by Netflix recommending films or TV series based on what a viewer has recently watched; or Amazon recommending similar books, she explained.

On the flip side, she said “data privacy issues continue to plague data uptake”, with Facebook hitting the headlines and 50 per cent of consumers considering target ads an invasion of privacy. Empowerment is now shifting to consumers, she noted, as the European Union’s “sweeping new privacy laws” threaten fines of four per cent of global revenue, or €20 million, for infringement. “Even companies exporting to Europe can be at risk,” she cautioned.

Trend 3: Keeping the tab open

The new digital era is also boosting the business model of subscription purchasing, said Ms Evans. While baby boomers, Generation X and Generation Z have been wary of subscriptions, 50 per cent of Millennials are now embracing it – most notably for entertainment, such as movie streaming and gaming. This is another new trend, noted Ms Evans.

The boom in subscriptions like Netflix is now spreading to food and beauty. “Subscription is reinventing consumption,” she said. The day is coming when Artificial Intelligence in the forthcoming Internet of Things era will predict when we are running out of detergent, for example, based on past purchasing pattern, and know when we need to replenish.

But again, there is a flip side. “Machine-led commerce will re-define what brand loyalty means,” she cautioned. “By signing-up to automated orders, such as detergent, subscription locks-out other players, now left on the outside looking in. So it’s a bit frightening.”

Trend 4: Mobile wallets going global

Another consumer trend is the use of the mobile wallet, said Ms Evans. Consumers are in motion, traveling more than ever before, with China a major driver of growth as the world’s fastest-growing travel market – predicted to take 225 million international trips by 2030. Since they expect the same payment convenience wherever they go, the playbook of card networks opens for “global expansion, strengthening the upward trend of digital payments”, said Ms Evans.

Most prominently, Alipay, the mobile-based payment tool of China’s e-commerce giant Alibaba, is “moving west as Chinese spending power grows”, forging global partnerships to make spending easier on the go. Already supporting payments in 27 currencies across 30 countries, Alipay has even extended as far as Los Angeles taxis.

As such, Euromonitor expects US$3 trillion in payments expected to be made via mobile device by 2022, with China reaching US$2.1 trillion and the US accounting for US$1.6 million, together contributing to 75 per cent of the market. “Mobile payments are a big space to watch,” she said.

Trend 5: Outlets will get their tech injection

Despite the growth in e-commerce, physical outlets – such as shops, stores, restaurants and entertainment venues – will always “remain a critical part of the consumer journey”, said Ms Evans. “But digital is changing a number of competitive realities,” she said, as the trend moves towards outlets utilising various technologies to “reimagine the experience”.

Ms Evans predicted more and more near-field communication (NFC) tags, 3D imaging and virtual and augmented realities in retail outlets, noting that Britain’s Thomas Cook travel agency now enables customers a sneak preview of where they can book holidays with VR headsets. Tottenham Hotspur football club is this year opening a new state-of-the-art stadium promising the “ultimate game day experience”, complete with mobile entry and sales. Self-service pubs are pouring craft beer on tap via mobile, with waiting staff no longer present to serve, but mostly to provide IT tech support.

“Technology is re-inventing the way commerce is unfolding,” Ms Evans added. “Outlets are getting a tech injection, leveraging a plethora of technology re-imagining new spaces. It’s important that business and commerce keeps up with these trends to stay relevant in the future.”

Fair Details:
Gifts & Premium Fair
Printing & Packaging Fair

Hours
27-29 April (Fri-Sun), 9:30am-6:30pm
30 April (Mon), 9:30am-5pm

27 April (Fri), 10:30am-5:30pm
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30 April (Mon), 9:30am-3:30pm

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HKTDC Media & Webcast Centre, Expo Drive Entrance, HKCEC
Room 105, AsiaWorld-Expo

Media Enquiries
Please contact the HKTDC's Communications & Public Affairs Department:

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- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
Internet Economy Summit 2018 Unlocked Insights on Digital Innovation
 
Apr 12, 2018
Category:
Tags:

Global leaders from start-ups to internet giants shared views on the future of business

HONG KONG, April 12, 2018 /PRNewswire/ -- The Internet Economy Summit (IES) kick-started its annual conference at the Hong Kong Convention and Exhibition Centre today. Co-organised by the Hong Kong SAR Government and Cyberport with the China Internet Development Foundation as the supporting organisation, this year's two-day Summit brought together thought leaders from MNCs, internet technology giants, investors, enterprises and up-and-coming start-ups to exchange unique insights and winning strategies in the global internet economy. Themed under "New Impetus for the New Economy", the Summit had attracted more than 1,400 attendees on the first day.

Continuing the discussions at the Asia-Pacific Business Forum held at Cyberport just right before the Summit, IES 2018 switched course to dig into the digital economy's development opportunities in Hong Kong and in the region. The Summit celebrated an all-encompassing agenda -- including the Visionary Forum, Chambers Forum, Entrepreneurship Forum, and Technovation Forum, bringing together more than 50 notable speakers to spur discussions on internet technology applications, smart city development, next-generation of businesses, innovation and entrepreneurship, as well as technological advancement and business applications of artificial intelligence, cloud computing, cybersecurity and internet of things.

The Hon. Mrs. Carrie LAM CHENG Yuet-ngor, Chief Executive of the Hong Kong SAR Government, officiated the Summit's opening together with other guests of honor including the Hon. Mr. Nicholas YANG, Secretary for Innovation and Technology of the Hong Kong SAR Government, Ir. Allen Yeung, Government Chief Information Officer of the Hong Kong SAR Government, Dr. Shamshad AKHTAR, Under-Secretary-General of the United Nations and Executive Secretary of the Economic and Social Commission for Asia and the Pacific, and Ms. QI Xiaoxia, Director General, Bureau of Hong Kong, Macao and Taiwan Affairs. The Summit's Visionary Forum featured leaders from top notch technology companies including Mr. Winston CHENG, President of International of JD.com, one of China's largest online retailers; Mr. Zhong Xiangqun, Chief Operating Officer of Bank of China (Hong Kong); Mr. Yossi VARDI, the most influential serial entrepreneur in Israel and Mr. MU Rongjun, Co-Founder and Senior Vice President of Meituan-Dianping, the online lifestyle trading platform of US$30 billion valuation.

Other prominent speakers on the list include representatives from Didi Chuxing, Illumio, Ping An Technology, Amazon Web Services, Facebook and Google; as well as founders of local unicorns such as GOGOVAN, an incubatee groomed by Cyberport, who have all developed unique value propositions and winning business strategies in the midst of internet economy.

As industry leaders shared at the Summit, digital technologies have both redefined enterprise business models and brought about drastic changes in consumer behaviours. Mr. Winston CHENG, President of International of JD.com, talked about the transformation of traditional business model with smart technologies as catalysts, and the enhancement of consumer engagement with AI and big data technologies. With FinTech redefining the banking industry, Mr. ZHONG Xiangqun, Chief Operating Officer of Bank of China (Hong Kong), shared his insights on how banks have been transforming in the path of digitalisation in order to provide clients with more personalised value-added services. Mr. MU Rongjun, Co-founder & Senior Vice President of Meituan-Dianping, also illustrated how the company has enhanced users' dining experience and created new business and job opportunities in the market riding on various digital applications.

Dr. Lee George LAM, Chairman of Cyberport said, "The internet economy has redefined the world's social and economic landscape, transcending all geographical and cultural boundaries. It also has changed the way how businesses and organisations operate and succeed. As a key driver of Hong Kong's development of digital technology, Cyberport has been relentlessly incubating local start-ups and helping them succeed in the new economy. By working hand-in-hand with the Hong Kong SAR Government and industry partners, I am confident that the digital technology sector in Hong Kong will continue to thrive, become the new impetus for Hong Kong's economy, and create sustainable socio-economic value to our city."

Dr LAM also expressed his gratitude for the tremendous support from industry partners and sponsors, such as Bank of China (Hong Kong), whose contribution was indispensable to the success opening of the Summit.

Source: Hong Kong Cyberport Management Company Limited

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Beijing InfoComm China 2018 Opens with Action-packed Showcase on the Future of Business
 
Apr 11, 2018
Category:

Visionary Business Leaders and Decision-Makers Met over 350 and International Exhibitors, and Benefited from Firsthand Encounters with Business-transforming Professional AudioVisual and Integrated Experience Solutions

Beijing - 11 April 2018 --( ASIA TODAY )-- Beijing InfoComm China, Asia Pacific’s premier exhibition and conference for Professional AudioVisual (Pro-AV) and Integrated Experience solutions, opened today at the China National Convention Centre, Beijing. Running till 13 April, the 13th edition of the Exhibition and Summit continues to set new benchmarks, solidifying its reputation as the region’s biggest showcase of its kind, with over 350 local and overseas exhibitors – 56 of whom are participating for the first time – and a record number of new-to-World and new-to-Asia products and solutions being launched.

THE EXHIBITION: Action-Packed Showcase of Ground-breaking Technologies

Artificial Intelligence, Internet of Things, VR/AR, Networked Audio over IP, Digital-Analog Hybrid Audio Systems, and smart technology are some of the game-changing technologies that are being presented and demonstrated by over 350 exhibitors.

Beijing InfoComm China continues to attract strong international participation with representation of more than 70% of the showfloor being global brands from Asia, Europe and the United States. They add diversity and vibrancy as they bring new solutions and perspectives on the future possibilities for businesses in a digitally-driven world.

The under-one-roof showcase of a wide array of Pro-AV and Integrated Experience solutions leveraging these technologies is a compelling reason for businesses and practitioners to visit the Show.

DAY ONE VISITORS: Industry and Business Leaders who Appreciate the Importance of Future Marketplace Knowledge

Judging by the buzz in the exhibition halls, along with support coming from members of collaborating industry trade associations – including China Information World, Guangdong New Energy Vehicle Industry Association and Digital Signage Multimedia Alliance Taiwan – the 3-day show is poised to attract another strong visitor turnout.

“The technological landscape is evolving very rapidly and many businesses are having difficulty grasping its impact and adopting appropriate measures to navigate the disruptions,” said Richard Tan, Executive Director of InfoCommAsia. “InfoComm China has become the focal point in the Asia Pacific Pro-AV ecosystem, uniquely placed to facilitate businesses in their sourcing and adoption of the right technologies and solutions to transform their business models for sustainable growth.”

THE SUMMIT: Expert Insights into Changing Technological Trends and Impact on Business

Held concurrently with the Exhibition over the three days, the Summit is the educational platform of the Show, and complements the display of hardware and solutions on the exhibition floor. The Summit attracts industry luminaries who deliver presentations on Pro-AV developments, trends and critical marketplace issues as well as opportunities that Pro-AV solutions present. It also attracts collaborations with industry associations and media in organizing conferences pertinent to businesses in the respective industries.

Collaborators for the 2018 Summit include China Information World, Guangdong New Energy Vehicle Industry Association and Digital Signage Multimedia Alliance Taiwan. The close to 60 free-to-attend learning sessions include the keynote presentation at the opening ceremony delivered by Mr. Cheol Kim, Asia Marketing Director, Retail Solutions Division (RSD), Intel IoT Group.

Over the next two days of the Summit, delegates can look forward to insightful sessions by more industry leaders.

Day Two (12 April)

  • Deep Understanding of Interactive Learning Space by Zhang Ye, Technical Sales Manager, Extron Electronics (Shanghai) Co., Ltd
  • Smart Classroom Makes a Leap - Construct a Highly-efficient Education Environment by Jerry Hung, Vice President, BXB Electronics Co., Ltd.
  • Embracing New Experience on Portable Wireless Video Service by Emma Huang, Trainer, SZ Reach Tech Co., Ltd.
  • Forecast on Pro-AV Distribution Technology by Leo Li, Founder & CTO, DigiBird Technology Co., Ltd.
  • Exploration of Interactive Design of Data Visualization by Halley Han, CEO, Ventuz China
  • How to Eliminate Audio Feedback in Meeting Rooms by Kane Zhang, Asia Pacific Senior Applications Engineer, Biamp Systems
  • Decrypting HDCP and EDID by Xiaozheng Lu, President, Luxi Electronics Corp

    Day Three (13 April)

  • The HDBaseT Installer Expert Program by Louis Zhang, Technical Expert, HDBaseT Alliance
  • In-depth analysis of CobraNet, Dante and AVB port redundancy by Kane Zhang, Asia Pacific Senior Appcations Engineer, Biamp Systems
  • 4K, 8K TV, HDMI 2.1, Video Trend and Application by Xiaozheng Lu, President, Luxi Electronics Corp

    MAKING SENSE OF CHANGING TECHNOLOGIES

    As the technological landscape continues to evolve, the way communities are organized and the way people learn, live and consume services will change in tandem. It is thus imperative for businesses to leverage technology to further efficiently and cost-effectively deliver products, solutions and services; and to meaningfully engage and excite their audience.

    Pro-AV and Integrated Experience technologies are critical nodes and important interfaces throughout the entire supply chain. Through its central position in the Pro-AV and Integrated Experience ecosystem, InfoComm China continues to play a critical role in helping businesses understand and adopt technology applications to enhance sustainability.

    ###

    SHOW ORGANIZER
    InfoCommAsia Pte Ltd is the region’s preeminent organizer of tradeshows for the Professional AudioVisual (Pro-AV) and Integrated Experience industries. Through industry-leading shows in China, India and Southeast Asia, InfoCommAsia connects global and regional Pro-AV and Integrated Experience purveyors as well as end-users across industries with the most important markets of Asia Pacific.

    MEDIA CONTACTS
    Overseas
    Agnes Au
    T: + 852 3520 3638
    F: + 852 3520 3618
    E: agnes.au@baobab-tree-event.com

    China
    Fifi Feng
    T: + 86 10 5624 8915
    F: + 86 10 6413 6369
    E: fifi.feng@baobab-tree-event.com

    - ASIA TODAY News Global Distribution http://www.AsiaToday.com

  •  
     
    Delta Showcases Data Center Solutions at DCD>Indonesia 2018
     
    Apr 11, 2018
    Category:
    Tags:

    Jakarta, Indonesia, April 5, 2018– Delta Electronics (Thailand) PCL. subsidiary, Delta Energy Systems (Singapore) Pte. Ltd., showcased Delta’s latest data center infrastructure solutions at DCD>Indonesia 2018. Datacenter Dynamics (DCD) hosted the summit for next-generation data center & cloud infrastructure at the Ritz-Carlton Jakarta. In its 6th year, the annual event brings together business and technology thought-leaders to discuss and find digital-era opportunities for the data center and cloud infrastructure industry in Indonesia.

    At the event, Delta highlighted the Data Center Infrastructure Management (DCIM) solution. Mr. Jesse Zhuo, Delta Design Manager, came from Taiwan to give an on-site DCIM demonstration with a translation by the Indonesian Delta engineer Mr. Dadang. Many of the Delta partners and customers who attended the demonstration showed high interest in the single-platform software system that offers CIOs and IT managers a central view to track critical information and carry out controls. DCIM’s excellent Power Usage Effectiveness (PUE) guarantees cost-effective and environment-friendly data center operations for customers. In addition, Delta displayed the Amplon RT series (single phase) RT6 kVA, N series (single phase) N3 kVA UPS, Ultron series (three phase) HPH20 kVA UPS. Delta’s UPSs boast maximum available power, unsurpassed energy efficiency and superior power performance that make them a top power protection choice for many data centers.

    Delta leverages its core competencies to drive innovation in its power management solutions and power protection for data centers. With best-in-class thermal management and energy saving synergy, Delta data center solutions offer customers add-value in terms of reliability, convenience and Total Cost of Ownership (TCO) optimization.

    -END-

    Media Contact
    -------------------
    Pornsuda
    pornsuda@deltaww.com
    02 709 2800
    Delta Electronics

    - ASIA TODAY News Global Distribution http://www.AsiaToday.com

     
     
    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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