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Lanvin Group Announces New CEO

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NEW YORK, Dec. 8, 2023 /PRNewswire/ — The board of Lanvin Group (NYSE: LANV) today announced that Joann Cheng, the group’s founding Chairman and Chief Executive Officer, has informed the board that she has decided to step down from her roles to pursue new endeavours outside the group. Consequently, the board has appointed Mr. Huang Zhen as the new Chairman and Mr. Eric Chan as CEO of the group, effective as of December 7th.

The board of Lanvin Group expressed its deep appreciation for Joann Cheng’s dedication to the group since its founding and wished her the best in her future career.

Joann Cheng, outgoing Chairman and CEO of Lanvin Group, said, "The past six years at Lanvin Group have been some of the most fulfilling of my career. What started as an idea in 2017 has now become a listed company on the New York Stock Exchange, with a solid track record of growth. Lanvin Group has a portfolio of five world-class brands, all of which are being reinvigorated with new leaders in place to take them to the next level in the global luxury goods market. With the recent successful launch of the first Lanvin Lab collection, the appointment last week of the new CEO at Sergio Rossi and the imminent announcement of a new Creative Director at Lanvin, I am pleased to be stepping away from the group, with a clear creative direction set, and all the building blocks in place for the next phase of growth."

Lanvin Group’s new Chairman, Mr. Huang Zhen, is a Director of Fosun Group and currently serves as Executive Director and Executive President at Fosun International. He has also held a number of board roles and chairmanships with other listed consumer companies.

The group’s new CEO, Eric Chan, currently serves as Co-Chairman of Greater Yuyuan Commercial Development Group. He previously held senior roles at SECOO Group, K11 Concepts under Hong Kong New World Development Group, Wharf Group, CB Richard Ellis, Hong Kong MTR Corporation and Four Seasons Hotels & Resorts Group. As a seasoned executive, Mr. Chan has over 30 years’ experience across a wide commercial spectrum, including omni-channel shopping platforms, luxury commercial real estate projects, as well as offices and high-end hotels and resorts. His appointment comes at a time when Lanvin Group is embarking on an important next phase of growth, centred around retail expansion for all its brands in North America, Europe, Asia and the Middle East.

Huang Zhen, Chairman of Lanvin Group, said, "We are delighted to welcome Eric Chan as Lanvin Group’s new CEO. His extensive real estate and consumer experience will be invaluable as we drive the next phase of the group’s growth and expand our footprint globally."

Eric Chan, CEO of Lanvin Group, said, "I am delighted to be joining Lanvin Group at this exciting time in its development. We have great leaders across all our brands, a clear creative direction set for the coming years, and an exciting consumer engagement strategy spanning digital and retail. We see significant opportunities ahead to build out our international presence."

 

 

About Lanvin Group

Lanvin Group is a leading global luxury fashion group headquartered in Shanghai, China, managing iconic brands worldwide including Lanvin, Wolford, Sergio Rossi, St. John Knits, and Caruso. Harnessing the power of its unique strategic alliance of industry-leading partners in the luxury fashion sector, Lanvin Group strives to expand the global footprint of its portfolio brands and achieve sustainable growth through strategic investment and extensive operational know-how, combined with an intimate understanding and unparalleled access to the fastest-growing luxury fashion markets in the world. Lanvin Group is listed on the New York Stock Exchange under the ticker symbol ‘LANV’.

For more information about Lanvin Group, please visit www.lanvin-group.com, and to view our investor presentation, please visit https://ir.lanvin-group.com.

Enquiries:

Media
Miya He
[email protected]

Investors
James Kim
[email protected]

Source : Lanvin Group Announces New CEO

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DAY TWO OF HONG KONG INVESTOR SUMMIT TACKLES MEGATRENDS IMPACTING THE PLANET'S EIGHT BILLION CITIZENS

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DAY TWO OF HONG KONG INVESTOR SUMMIT TACKLES MEGATRENDS IMPACTING THE PLANET’S EIGHT BILLION CITIZENS

HONG KONG, Dec. 9, 2023 /PRNewswire/ — The Future Investment Initiative PRIORITY Summit Hong Kong today reconvened leaders from finance and government for a second day to address global matters of concern to humanity.


DAY TWO OF HONG KONG INVESTOR SUMMIT TACKLES MEGATRENDS IMPACTING THE PLANET’S EIGHT BILLION CITIZENS

 

One thousand global investors, policy makers, innovators and business leaders were joined by counterparts from across Asia to discuss ‘megatrends’ including the unstoppable rise of Asia as an economic power, the impact of technology on lifestyles and jobs, and the deployment of capital between diverse markets and economies.

The day began with a presentation by FII Institute CEO Richard Attias and COO Rakan Tarabzoni of the Priority Compass Report, a global survey of 53,000 people across 23 countries. The survey revealed a sharp drop of 20% worldwide in people’s overall satisfaction with their lives, with respondents reporting concerns over cost of living, loneliness, technology, and climate concerns. 65% of people in countries polled are worried about day-to-day living costs. Loneliness has leaped up the list of concerns, with 41% of Asia’s population reporting frequent feelings of loneliness. 55% of people worldwide are worried about access to affordable and accessible healthcare and climate concerns continue to deepen as 78% of people across the Global South are worried about pollution.

Laurence Moroney, Lead AI Advocate at Google addressed concerns about AI and the risk of biases emerging because of reliance on narrow English language datasets. Moroney pointed out that 60% of information on Web 2.0 is generated by bots.

He also argued that innovators in AI need to account for distinctive local cultural identities in the development of AI models and explained that Google’s Gemini is working to condense and preserve cultures into small models, allowing people to interact with, learn about, and preserve individual distinctive cultures.

A panel discussion on cost of living heard Jerry Li, Founder and Managing Partner eWTP Arabia Capital describe data as the new oil, a resource driving innovation and progress. The 120 zettabytes (120, 000,000,000,000,000,000,000 bytes) generated in 2023 is expected to increase by over 150% in 2025, to 181 zettabytes.

During a panel discussion on the future of work Edith Yeung of Race Capital suggested that AI will free people from doing the things that they do not want to do, freeing them for more meaningful activities. The average person will spend 90,000 hours at work over a lifetime.

Raymond Yuan, CEO & Chairman CTH Group pointed out synergies between blockchain and AI starting to emerge in healthcare, life sciences, as well as financial services. The global Blockchain Market size was estimated to be approximately $7.4 billion in 2022 and the global artificial intelligence market $428 billion.

A panel of leading Asian venture capitalists debated ways in which Asia can grow vibrant and successful startup ecosystems, with $22.3 billion invested in Asian startups between July and September 2023.

Discussing the impact of investment on longevity and ageing Joshua Fink, Founder Luma Group, explained that revolutionary regenerative medicine, inspired by Nobel Prize-winning research, can reverse cells to a pre-disease state, offering hope against genetic diseases.

His Royal Highness Prince Faisal bin Bandar bin Sultan, Chairman, Saudi Esports Federation described the spectacular growth of gaming over the last 20 years at 12% per year. By the end of 2023 it is projected there will be 3.75 billion gamers in the world.

In a ‘titan of industry’ fireside chat with Sir Martin Sorrell, Richard Attias and Sorrell surveyed the global media sector, worth $950 billion, with digital projected to comprise 70% by 2025. On the future of platforms such as TikTok Sorrell explained that with young people’s views being shaped by new forms of social media, issues surrounding data safety and privacy will continue. Discussing ‘hyper personalization’ he pointed out that Coca Cola is thinking about the potential for AI to target individual messages to consumers.

Rakan Tarabzoni, COO, FII Institute presented the summit with FII’s inclusive ESG tool, launched to help companies in emerging markets improve sustainability and help investment capital find current and future performance leaders. The tool, which has been made publicly available will address biases inbuilt in other ESG methods and may unlock a $5.4 trillion funding gap of investments into emerging markets.

In the final session HE Kjell Magne Bondevik former Prime Minister of Norway and President, Oslo Centre for Peace and Human Right declared himself convinced that businesses that take more seriously the concerns of common people will be the businesses that will thrive in the future.

The FII Institute has worked with HKEX and consulting firm Deloitte to offset the carbon emissions generated by the summit, by purchasing credits on the HKEX Core Climate exchange, exemplifying a shared conviction that purposeful markets and business can serve humanity as a force for good.

During the summit BOC International signed a strategic cooperation framework agreement with SPIC International Finance (Hong Kong) Company Ltd. on green finance, bond investment and issuance, and global capital management. The signing was witnessed by Mr. Paul Chan, Financial Secretary of Hong Kong SAR.

The summit, held in partnership with Hong Kong Exchanges and Clearing Limited (HKEX), took place at HKEX Connect Hall.

The FII PRIORITY Summit Hong Kong continues conversations held in Riyadh last month. It is part of an ongoing global programme of summits, to be held next year in Miami (February) Brazil (June) and Africa (September))

Richard Attias, CEO of the Future Investment Initiative Institute said:

"I should like to thank Hong Kong Government, the Hong Kong Exchange and the people of this fabulous city for the welcome they have shown us this week. As the world charts its forward course we must be mindful at every turn of the issues that matter. Whether it’s cost of living, developing new modes of payment, new social media platforms, or poverty, it is investment and innovation that can make the difference. The investors and innovators here this week have taken these issues seriously and the conversations and hard work will continue as we strive for a better tomorrow."

For media inquiries, please contact:
Email: [email protected]

About FII Institute

The Future Investment Initiative (FII) Institute is a global non-profit foundation driven by data with an investment arm and one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.

 

Source : DAY TWO OF HONG KONG INVESTOR SUMMIT TACKLES MEGATRENDS IMPACTING THE PLANET'S EIGHT BILLION CITIZENS

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Xinhua Silk Road: E.China's Lianyungang launches media campaign to demonstrate fruitful results under BRI

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BEIJING, Dec. 8, 2023 /PRNewswire/ — This year marks the 10th anniversary of the China-proposed Belt and Road Initiative (BRI). Lianyungang City in east China’s Jiangsu Province launched this year a media campaign called "New Era, New Engine, New Journey to the West" to showcase its industrial development, investment cooperation, logistics trade, and cultural exchange achievements under the BRI.

The campaign involves research interviews conducted both at home and abroad with countries and regions participating in the BRI.

From May to September this year, media from Lianyungang interviewed domestic cities including Shanghai, Ningbo, Qingdao, Zhengzhou, Xi’an, and Horgos, as well as Kazakh cities of Zharkent, Almaty and Astana.

From October 9 to November 17 this year, media published some articles about Lianyungang’s collaboration with these cities in the construction of the new Eurasian land-sea multimodal "transportation artery" and exchanges in the fields of economy, culture, and education.

The China-Kazakhstan (Lianyungang) logistics cooperation base, launched in 2014, is the first entity project under the BRI. Acting as a dry port in the Horgos-Eastern Gate special economic zone and the West China-West Europe international transport corridor, it has become an important platform for products from Central Asian countries to reach seaports.

Over the past decade, Lianyungang has mulled efforts in cultural exchanges. This August, a library in Almaty set up a special bookshelf dedicated to the culture of Lianyungang, promoting dialogue between different civilizations through mutual learning and understanding.

Lianyungang also held a international youth talent exchange event this August to promote university cooperation with Kazakhstan.

Original link: https://en.imsilkroad.com/p/337601.html

Source : Xinhua Silk Road: E.China's Lianyungang launches media campaign to demonstrate fruitful results under BRI

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Playground AI EYES Moves Beyond Smartphones with "Another Eyes"

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AI EYES, The Beginning Of Multi-Wearables

SINGAPORE, Dec. 8, 2023 /PRNewswire/ — Singapore-based global IT company Playground, with hubs in South Korea and Vietnam, is set to unveil ‘AI EYES,’ a groundbreaking innovation in the 2024 wearable device market. Going beyond technological advancements, this premium wearable device deeply integrates artificial intelligence into everyday life, redefining user experiences. AI EYES, equipped with high-performance cameras, cellular connectivity, Wi-Fi, GPS, and a robust battery, offers an intuitive user interface based on the Android platform.


AI EYES, The Beginning Of Multi-Wearables

AI EYES significantly enhances convenience in daily life, maximizing practicality in various situations. For instance, through its personal assistant feature, users can manage schedules and easily make calls and send text messages with voice commands. Additionally, the built-in AI camera automatically captures important moments, storing them in the cloud for convenient access anytime. These functionalities can be beneficial in diverse situations such as business meetings, childcare assistance, learning support for adolescents, healthcare monitoring and companionship for the elderly, and travel.

Playground actively seeks partnerships with global giants such as Samsung, Google, AWS, and SoftBank, engaging in talks for distribution collaborations with telecom companies worldwide. AI EYES is set to transcend smartphone limitations, offering users advanced connectivity and communication methods. The project goes beyond typical product development, delving into societal and cultural changes through AI and wearables, marking a notable milestone in technological progress.

Playground is actively seeking partnerships with global companies like Samsung, Google, AWS, SoftBank, and is in discussions for distribution collaborations with telecommunications companies worldwide. AI EYES is expected to go beyond the limitations of smartphones, providing users with new connectivity and communication methods through its rich features and enhanced convenience.

Playground’s AI EYES project goes beyond simple product development, exploring societal and cultural changes through the combination of AI and wearable technology. The launch of AI EYES appears to be a significant milestone opening new horizons in technological advancement.

About Playground

Playground operates in various fields, including the development of artificial intelligence, blockchain technology, online game development, O2O platforms, and smartphone operating system development, providing an optimal experience for users.

Playground Official Channels: Website | Facebook | Twitter | Youtube AiEYES Official Channels: Website | Facebook | Twitter | Youtube | Tiktok 

 

Source : Playground AI EYES Moves Beyond Smartphones with "Another Eyes"

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

HEYTEA, China's New Style Tea Originator, Takes Stage in the U.S. with Broadway Opening

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HEYTEA New York Store

With its first store in New York, HEYTEA aims to refresh the U.S. market with a new generation of tea products.

NEW YORK, Dec. 9, 2023 /PRNewswire/ — HEYTEA, the originator of Chinese new style tea, has landed on the big screen in Times Square with today’s announcement of its official entry into the U.S. market. The trailblazer in China’s new style tea, HEYTEA operates over 3,000 stores in China and has a significant presence across Asia. With this opening on Broadway, HEYTEA seeks to revolutionize the way that new-generation tea products are created and enjoyed in the U.S.


HEYTEA New York Store

HEYTEA’s first U.S. store officially opened today. The store is located in the heart of Broadway, in Midtown. New York landmarks such as Times Square, the Empire State Building and Madison Square Garden are within a 10-minute walk.

HEYTEA’s innovative new-generation Chinese tea is always made from fresh fruits, fresh tea leaves, and premium milk, with no compromises on the quality of the ingredients. In contrast, much of the "bubble tea" currently being sold is made from instant tea powder with artificial additives. HEYTEA will be the first Chinese new style tea brand selling products made with genuine, high-quality ingredients in the U.S.

"Cheese Tea"
The initial innovation of HEYTEA was the introduction of Cheese Tea. Not cheese in the traditional sense, but a cold tea with a thick, frothy, cream cheese-flavored foam on top. The foam is made with cream cheese, milk, cane sugar, and a little sea salt, and adds enjoyable taste and texture sensations to the product. 

The store will offer three categories of its foundational products: Refreshing Real Fruit Teas, Real Dairy Milk Teas, And Refreshing Finest Teas. Offerings such as Very Grape Cheese (Original), Very Grape HEYTEA (Original), Mango Grapefruit Sago, Roasted Brown Bobo Milk (Original), and Regal Aqua Green Jasmine Cheese (Original) may sound exotic to many New Yorker’s ears, but they are formulated to bring the HEYTEA experience to visitors of the Midtown location. The pricing is moderate, ranging from $3.99 to $7.49 (excluding additional toppings) with an average pre-tax price of $6.33.

The Originator Accelerates Global Expansion
Founded in 2012 in Jiangbianli, Guangdong Province, China, HEYTEA was the first brand to introduce fresh tea leaves and premium milk instead of instant tea powder and artificial additives to create cheese tea, a sweet cheese or ice cream flavored foam that sits on top of an ice-cold tea. The concept revolutionized the entire Chinese tea industry by providing healthier and more interesting tea products.

At its inaugural stores, in Shanghai and Beijing, HEYTEA drew hours-long lines of patrons, establishing itself as a rising star in the market, and China’s premier new-generation consumer brand.

It played a pivotal role in introducing new style tea brands to China’s high-end shopping centers, often adjacent to luxury brand stores, HEYTEA not only maintains innovative designs that set trends for other Chinese brands but also engages in co-branding ventures with companies including FENDI, Adidas, W Hotel among others, and influential figures in the fashion industry such as Hiroshi Fujiwara.

The first Chinese new style tea brand to go global, HEYTEA launched its first overseas store in Singapore in 2018, with over 3,000 cups of tea were sold every day during the opening period.

Significance of the New York City Market Entry
HEYTEA’s U.S. debut is a testament to its unwavering commitment to ushering in a new era of tea enjoyment. While the company has previously entered global markets i.e., the United Kingdom, Australia, and Canada, the U.S. offers a multitude of new opportunities.

"As the initial entry point for HEYTEA into the U.S. market, New York City holds extraordinary significance for the growth of our brand," said Yujia Gu, VP of Strategy at HEYTEA. "By providing high-quality products and services, we aspire to deliver a joyful brand experience to consumers in NYC and beyond, contributing to the ongoing development of the U.S. tea industry."

With its Midtown Broadway debut at 1407 Broadway, between West 38th and 39th streets, HEYTEA demonstrates the significance of, and its confidence in, the U.S. market. In the future, HEYTEA will continue to bring quality products and exciting new brand experiences to American consumers.

About HEYTEA
HEYTEA is the originator of new style tea. In 2012, HEYTEA began under humble circumstances in Jiangbianli, Guangdong, China. Armed with the principal of using only REAL ingredients and NO artificial flavors or colorants, HEYTEA created the first Cheese Tea by blending cheese foam with fresh tea. With its mission and vision of "Promoting Quality, Living Joy," HEYTEA is committed to rejuvenating traditional tea culture and making high-quality tea products available to all consumers. In 2018, HEYTEA opened its first international store in Singapore, bringing new style tea to a larger global community. Currently, HEYTEA has more than 3,000 stores worldwide.

For more information about HEYTEA, please visit: www.heytea.com.

 

Source : HEYTEA, China's New Style Tea Originator, Takes Stage in the U.S. with Broadway Opening

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Bybit Unveils Its Web3 Vision: Pioneering Simplicity, Openness, and Equality in the Decentralized Ecosystem

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DUBAI, UAE, Dec. 8, 2023 /PRNewswire/ — Bybit, the world’s third-largest crypto exchange by volume, today unveiled its forward-thinking Web3 vision on its 5th anniversary, aimed at creating a decentralized ecosystem that is Simpler, Open, and Equal for all.

"Our Web3 vision is an extension of our promise to be the Crypto Ark, safeguarding user assets and seamlessly integrating them into the world of crypto. We want to help bridge more users from Web2 into Web3, by building a decentralized ecosystem that’s simpler, open and equal for all," said Ben Zhou, Co-founder and CEO of Bybit.

Bybit’s Web3 Mission and Values: Openness Redefined

At the core of Bybit’s Web3 vision lies a commitment to openness. Bybit aims to be open to all builders, creators, and partners in the blockchain space. This translates into a commitment to collaboration, exploration and innovation with our community and partners to build an environment where blockchain technology empowers everyone equally.

Bybit’s goal is to connect and open up currently segregated walled systems into an unified experience that connects users seamlessly across various Web3 ecosystems, platforms and services.

Unlocking the Promise of Web3

Bybit’s strategic approach to achieving its Web3 vision is multifaceted, encompassing infrastructure, application, ecosystem and user engagement initiatives:

Opening Up and Simplifying Access to Web3 Bybit Web3 will introduce multi-wallet integration, seamlessly blending ease with advanced technology, empowering users to manage both custodial wallet and MPC wallets for various uses. Users can easily access dApps, NFT marketplaces, and the entire spectrum of Web3 features and services directly from the Bybit Wallet. This streamlined approach allows users to conveniently manage their DeFi portfolios, encompassing buying, selling, trading, swapping, and staking DeFi assets, all within a few clicks on a single platform. Deepening Ecosystem Partnerships, Equalising Access to Opportunities Building upon a successful 2023 marked by empowering partners to embrace the Web3 space, such as the Oracle Red Bull Racing Velocity series, Bybit will continue to upgrade its Web3 infrastructure, foster more partnerships with prominent blockchain ecosystems and projects, including the launch of its revamped NFT marketplace. Users can expect a more diverse and dynamic marketplace, a broader range of curated digital assets, and increased liquidity, all of which will facilitate easier participation in the opportunities within the DeFi and NFT space. Brands and businesses seeking to transition into or harness the Web3 space can look forward to enhanced support, such as tailored programmes and collaborative initiatives, empowering them to harness opportunities presented by the evolving decentralized landscape. Bringing Simplicity, Enjoyment, and Rewards to Web3 Bybit is dedicated to injecting fun and rewards into the open exploration of Web3 for all users and partners, cultivating a more inclusive and participatory experience in the decentralized realm. The community can anticipate more support, incentives and initiatives empowering them to develop their research, analysis, and investment skills, as well as to build and expand the Crypto Ark and Bybit Web3 ecosystem together.

"In a world where division prevails, we aim to build an ecosystem that breaks down barriers and enables equal opportunities for everyone," adds Ben.

"This unwavering commitment aligns with Bybit’s broader vision to democratize access to the transformative power of Web3, ensuring that its benefits extend far beyond the realms of technology and finance."

#Bybit  #TheCryptoArk #BybitWeb3

About Bybit

Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X (Twitter) | Youtube

Source : Bybit Unveils Its Web3 Vision: Pioneering Simplicity, Openness, and Equality in the Decentralized Ecosystem

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Xinhua Silk Road: Ice collecting festival kicks off in NE. China's Harbin

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Workers collect ice from the Songhua River in Harbin, capital of northeast China

BEIJING, Dec. 8, 2023 /PRNewswire/ — An ice collecting festival kicked off in northeast China’s Harbin on Thursday, marking the beginning of the snow and ice tourism season of the "ice city".


Workers collect ice from the Songhua River in Harbin, capital of northeast China’s Heilongjiang Province, Dec. 7, 2023. (Xinhua/Wang Jianwei)

Ice collecting has been a time-honored custom in the city. After Major Snow, or "Da Xue," the 21st of the 24 Solar Terms on the Chinese lunar calendar, which falls on Dec. 7 this year, local people take tools to the frozen Songhua River to collect ice cubes,which will be used in icehouses for food storage and for the materials of ice sculptures. The custom has now turned to a major festival, which attracts visitors from all over the world.

A Harbin citizen Zhou Jie came in advance to watch the ice collecting closely. "I didn’t expect such a grand scene of ice collecting. It’s so interesting," said Zhou.

Apart from ice collecting, tourists can also enjoy local food and ice sports during the festival.

Huang Jing, a first-time comer and a local resident, enjoyed hot and fresh dumplings on the ice and experienced snow and ice vibe during the festival. Huang sincerely invited nationwide tourists to Harbin as the Harbin Ice and Snow World is about to open.

It is learned that Harbin ushers in the ice and snow season each year with the ice collecting festival. This year’s Harbin ice and snow season will be organized into four thematic sections and feature seven major series of activities. With the launch of over a hundred ice and snow events, the city is committed to building itself as an internationally renowned destination for snow and ice tourism.

The snow and ice tourism is becoming a major growth engine of Harbin and Heilongjiang Province. According to an industrial report released by China Economic Information Service, the Heilongjiang snow and ice tourism development index stood at 185.5 in 2022, up 9.38 percent year on year, with a growth rate of 65.95 percent in the investment of the industry.

The province will seek high-quality development of its ice and snow economy, unleashing the potential of its special natural endowment, said He Jing, head of the Heilongjiang Provincial Department of Culture and Tourism.

Original link: https://en.imsilkroad.com/p/337600.html

Source : Xinhua Silk Road: Ice collecting festival kicks off in NE. China's Harbin

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ChipMOS REPORTS 20.3% YoY INCREASE IN NOVEMBER 2023 REVENUE

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HSINCHU, Dec. 8, 2023 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported a 20.3% year over year increase for its unaudited consolidated revenue for the month of November 2023. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$31.26 to US$1.00 as of November 30, 2023.

Revenue for the month of November 2023 was NT$1,873.9 million or US$59.9 million, representing a decrease of 4.9% from October 2023, and an increase of 20.3% from November 2022. The Company noted that while it continues to be impacted by broader market softness, it is concurrently benefitting from improved inventory stabilization and demand recovery in certain markets, including its memory products.

Consolidated Monthly Revenues (Unaudited)

November 2023

October 2023

November 2022

MoM Change

YoY Change

Revenues

   (NT$ million)

1,873.9

1,970.0

1,558.3

-4.9 %

20.3 %

Revenues

   (US$ million)

59.9

63.0

49.8

-4.9 %

20.3 %

About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide. 

Forward-Looking Statements:
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company’s other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

[email protected] 

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

[email protected]

Source : ChipMOS REPORTS 20.3% YoY INCREASE IN NOVEMBER 2023 REVENUE

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network