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PoPMaxCrypto has secured the U.S. MSB (Money Services Business) license, reflecting a significant advancement for cryptocurrency exchanges

PoPMaxCrypto has secured the U.S. MSB (Money Services Business) license, reflecting a significant advancement for cryptocurrency exchanges

SINGAPORE – Media OutReach – 23 August 2023 – PoPMaxCrypto’s recent approval by the U.S. Currency Services Business implies that the exchange has undergone and cleared meticulous governmental regulatory checks and has obtained official authorization to operate.

https://www.popmaxcrypto.org/msb_registration.pdf

As an officially recognized MSB, PoPMaxCrypto will adhere to the U.S. Anti Money Laundering (AML) and Know Your Customer (KYC) policies. This adherence ensures that all customers involved in transactions are verified, and the exchange’s capital flow is kept transparent, secure, and within the legal bounds.

The founder of PoPMaxCrypto announced that acquiring the MSB license represents a considerable step in the exchange’s evolution, marking their commitment to furnishing a dependable, secure, and user-oriented trading platform that suits their customer needs.

PoPMaxCrypto exchange will facilitate the trading of an array of cryptocurrencies, inclusive of Bitcoin, Ethereum, and Litecoin, offering services for recharge, withdrawal, and trading.

The exchange also plans to offer an assortment of trading tools and features to aid users in making informed trading decisions. These tools will provide real-time market data, chart analysis, and varied transaction order types.

PoPMaxCrypto aims to secure a position among the globe’s leading cryptocurrency exchanges, continuously striving to deliver premium services and collaborating with regulatory bodies to ensure the exchange’s operations comply with legal requirements and secure user transactions.

For cryptocurrency investors and traders, PoPMaxCrypto’s successful acquisition of the MSB license offers the security of transacting on a legally recognized and regulated platform.

PoPMaxCrypto promises to stay focused on refining the user experience and constantly enhancing the exchange’s functions and services, inviting user feedback and recommendations to aid them in better fulfilling user requirements.

Hashtag: #PoPMaxCrypto

The issuer is solely responsible for the content of this announcement.

About PoPMaxCrypto

PoPMaxCrypto is an international frontrunner in the arena of cryptocurrency exchanges, committed to delivering a secured, reliable, and user-friendly trading platform. With the acquisition of the U.S. MSB license, PoPMaxCrypto vows to persist in its endeavour to join the ranks of the world’s premier cryptocurrency exchanges.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

ROSEN, SKILLED INVESTOR COUNSEL, Encourages Applied Digital Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – APLD

Hong Kong Baptist University-led research discovers new therapeutic target for irritable bowel syndrome

New York, New York – Newsfile Corp. – August 22, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Applied Digital Corporation (NASDAQ: APLD) between April 13, 2022 and July 26, 2023, both dates inclusive (the “Class Period”), of the important October 11, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Applied Digital securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Applied Digital class action, go to https://rosenlegal.com/submit-form/?case_id=17336 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 11, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Applied Digital had overstated the profitability of its datacenter hosting business and its ability to successfully transition into a low-cost AI Cloud services provider; (2) Applied Digital’s Board of Directors was not independent within the meaning of NASDAQ listing rules; (3) accordingly, Applied Digital had overstated the efficacy of its business model and failed to maintain proper corporate governance standards; (4) the foregoing, once revealed, was likely to subject the Company to significant financial and/or reputational harm; and (5) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Applied Digital class action, go to https://rosenlegal.com/submit-form/?case_id=17336 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

NaaS Technology Inc. Announces Plans to Acquire Swedish Leading EV Charging Infrastructure Supplier Charge Amps for $66.4 m

NaaS Technology Inc. Announces Plans to Acquire Swedish Leading EV Charging Infrastructure Supplier Charge Amps for $66.4 m

STOCKHOLM, SWEDEN – Media OutReach – 22 August 2023 – NaaS Technology Inc. (NASDAQ: NAAS), a leading electric vehicle (EV) charging service company, has announced plans to acquire Charge Amps AB (“Charge Amps”), a Swedish EV charging solutions provider for approximately SEK 724 million (US$66.4 million) of 100% of the issued and outstanding shares. The deal marks a landmark initiative of NaaS’ expanded global layout after its acquisition early this June of over 89% stake in Sinopower HK, the biggest one-stop solar PV service provider in HK.

As a leading Sweden-born EV infrastructure supplier, Charge Amps has pioneered the market specializing in home and destination AC charging solutions. For over a decade, Charge Amps’ broad portfolio of intelligent, sustainable, user-friendly, and aesthetically pleasing product offerings has been proven by its 22% local market share with an established international footprint in 13 markets. Sustainability as the entrenched Company DNA is manifested throughout the whole production chain as well as other commitments being a participant of the UN Global Compact.

Set in the fossil-free transition, significant uptake in EV sales and its strongly-correlated charging infrastructure are out of step regarding the growth curve and supply-demand relationship. Europe, leading the shift towards vehicle electrification, is expected to sell nearly 62 million EV by 2030, as indicated in a Arthur D. Little analysis. The report also states that the build-up of a dense and well-developed charging infrastructure and software management are required, illustrated by an installed charger base of nearly 50 million by 2030, thus calling for synergy between EV infrastructure manufacturers and integrated service providers.

“We are very pleased to welcome the Charge Amps brand and team into the NaaS platform, marking an important milestone as we continue to expand into the international market,” Alex Wu, Co-founder, President and CFO of NaaS, stated. “We are very optimistic about the prospects of EV penetration in Europe and the overall charging service capacity. We are confident that we can work with the Charge Amps team to further strengthen its leading position in the EV charging space. We have also developed an integration plan that will see new products launched through the Charge Amps channels. I firmly believe this acquisition will bring value to our shareholders.”

Olle Tholander, CEO of Charge Amps comments: “There is strong interest from global investors in our market currently, and in Charge Amps specifically. We have been overt about our efforts in recent years to determine the best solution for the Company’s long-term strategy and growth plan. We believe that NaaS has both the expertise and financial strength to support Charge Amps’s growth journey under the same brand in Europe with an expanded product offering and the means to expedite the Company’s expansion plans. With NaaS’ extended product portfolio, Charge Amps will not only be able to bring more competitive and purposeful solutions to users, but also accelerate the transition to an electrified life and open the gateway to a smarter ecosystem.”

The deal will engage the parties in all-rounded and deep integration from technology, product, personnel, capital, and market perspectives. Charge Amps’ technological innovation and market channel capability will serve as a strategic step for NaaS to carry out localized services in Europe and achieve business synergy throughout the whole chain towards a broader scope of global business layout, aiming as a one-stop EV charging solutions provider.

As of March 31, 2023, NaaS’ extensive network has connected over 575,000 chargers and 55,000 charging stations. In the first quarter of 2023, charging volume transacted through NaaS’ network reached 1,023 GWh, an increase of 112% YoY; gross transaction value transacted through NaaS’ network showed an increase of 107% YoY.

Hashtag: #NaaSTechnology

The issuer is solely responsible for the content of this announcement.

About NaaS Technology Inc.

NaaS Technology Inc. (NASDAQ: NAAS), listed in Nasdaq on June 13, 2022, is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group. NaaS provides charging station operators and EV owners with online and offline charging solutions and non-charging value-added services. NaaS also serves charger manufacturers, OEMs and other industry partners, helping to make charging faster, more convenient, with a superior customer experience – and in the process of improving operational efficiency for all parties on the industry value chain. Learn more at:

About Charge Amps

Charge Amps is a leading Sweden-born provider of innovative and sustainable charging solutions for electric vehicles. Charge Amps develops smart and user-friendly products for use in homes, offices, and public places. Charge Amps was founded in 2012 in Stockholm, Sweden, and is undergoing rapid international expansion, with 120 employees in seven countries, and sales across 15 markets. For more information, visit

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

Moody’s downgrades PTTGC to Baa3 with negative outlook

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Thailand Business News

Moody’s Investors Service has downgraded PTT Global Chemical Public Company Limited’s issuer rating and other ratings due to concerns about the company’s high leverage and challenging market conditions in the petrochemical sector.

Key TakeawaysMoody’s has downgraded PTT Global Chemical’s issuer rating and related notes due to the company’s high leverage and challenges in the petrochemical sector.PTTGC’s ability to reduce its debt through internal cash flows will be hindered by industry conditions and soft demand for petrochemicals.Despite the expected gradual earnings improvement over the next few years, PTTGC’s debt levels remain high and will likely exceed its current rating level.

PTTGC’s leverage has increased due to weak earnings and high debt levels following an acquisition. Moody’s expects the company’s ability to reduce its debt through internal cash flows to be hindered by industry conditions.

At the same time, Moody’s has downgraded (1) to Baa3 from Baa2 the rating on the backed senior unsecured notes issued by GC Treasury Center Company Limited (GCTC), a…

Moody’s downgrades PTTGC to Baa3 with negative outlook

[Addressing Talent Shortage] JCI North District: Unlocking Talent Potential Beyond Background and Education

[Addressing Talent Shortage] JCI North District: Unlocking Talent Potential Beyond Background and Education
HONG KONG SAR – Media OutReach – 22 August 2023 – According to a recent statistical survey conducted by the government which was announced on June 20, the number of job vacancies in private organizations has surged by 45% or 24,050 positions compared to the previous year. The total employment and job vacancy numbers in the surveyed industries, after seasonal adjustment, a 1% and 7.6% increase respectively compared to December of the previous year. As a result, there is a growing demand for foreign labor across different sectors.

Mr. Lai Ming Kong, President of the JCI North District (left 1), Mr. Dixon Kwok, Managing Director of York Joint (Hong Kong) Limited (left 2), Mr. Jeffery Tsang, Assistant to the Chairman of Neway Group Holding Limited (right).
Mr. Lai Ming Kong, President of the JCI North District (left 1), Mr. Dixon Kwok, Managing Director of York Joint (Hong Kong) Limited (left 2), Mr. Jeffery Tsang, Assistant to the Chairman of Neway Group Holding Limited (right).

The JCI North District conducted the “Milestone to Success!” program, aiming to identify the untapped talent in Hong Kong. The program has involved interviewing various company owners and discovering that a portion of Hong Kong’s talent pool has been overlooked. Among the industries affected by labor shortages, the construction sector stands out.

Mr. Dixon Kwok, Managing Director of York Joint (Hong Kong) Limited, said, “By hiring rehabilitated youth, we can cultivate fresh talent for the construction industry, enhance workplace competitiveness, and encourage them to acquire skills qualifications and construction industry licenses. Therefore, we can ensure their future employability in relevant construction roles. This provides rehabilitated youth with career aspirations, a sense of achievement, and opportunities for upward mobility. We have witnessed the growth of a rehabilitated youth who initially started in a clerical role but, through further education and training, has been promoted to a managerial position within our company, leading a team of 30 to 100 workers. This success story proves that anyone can change if they are willing to do so.”

In addition, publicly listed companies have their unique perspectives on talent requirements. Mr. Jeffery Tsang, Assistant to the Chairman of Neway Group Holding Limited (Stock Code: 0055), shared his insights, “Strong communication skills are essential for young individuals from diverse backgrounds to succeed in their job search and enter into the workforce. When considering the hiring of young adults from different backgrounds, our company does not discriminate based on past experiences or personal backgrounds. The most crucial factors in our hiring decisions are the values, self-confidence, life goals, and effective communication skills of the job seekers. Effective communication is vital for young professionals in any industry, as it reflects their understanding and ability to grasp work instructions. Additionally, academic degrees only signify a person’s academic knowledge. Even without formal education, if a job seeker shows interest in a particular industry, their performance may not be inferior to others and could even be outstanding.”

President of the JCI North District: Focusing on the Upward Mobility of Hong Kong Youth

The President of the JCI North District, Raymond emphasized, “To address the talent shortage in Hong Kong, we should not only rely on importing foreign labor but also tap into the potential of local young people and vulnerable communities as valuable talent resources. By providing them with adequate learning opportunities and suitable job placements, in collaboration with relevant organizations, we can pave the way for Hong Kong’s future. By nurturing the key talents of the next generation, we will be better equipped to tackle the current and future social challenges that lie ahead.”

Over the past six months, various industries in Hong Kong have been grappling with manpower shortages. While some sectors have suggested importing foreign labor as a solution, there are still untapped talent resources within Hong Kong, such as rehabilitated youth. Moreover, the requirements of businesses have evolved, with academic degrees no longer being the sole indicator of a candidate’s potential. Employers now place greater emphasis on communication skills.

Hashtag: #MilestonetoSuccess

The issuer is solely responsible for the content of this announcement.

About the “Milestone to Success” Program

The “Milestone to Success ” series aims to explore the considerations of businesses and organizations when hiring talents through interviews. Through lectures, visiting and workshops, the program aims to raise awareness among businesses and organizations about the untapped talent resources in Hong Kong. Therefore, this program is dedicated to promoting attention to talent resources from diverse backgrounds and the upward mobility needs of young individuals

About the organizer Junior Chamber International North District

Junior Chamber International North District was established in 1985. It is one of the 21 chapters under the Junior Chamber International Hong Kong. Young people participate in work projects to serve society, train, and improve themselves, and create positive changes. When the association was founded, it was based in the North District. With the association’s development, members are now from all districts in Hong Kong.

Sponsor:
HKJC Foundation, Wofoo Foundation

Supporting Organizations:
Newaygroup Holdings ltd, The Hong Kong Association of Financial Advisors Limited, KamKEE CAtering Grp., Christian Zheng Sheng College, FQEducation Charity Foundation, Hope Consulting Limited, The Peak Hunter, Hong Kong Youth Unified Association, The Hong Kong Federation of Youth Groups, Tank Creation Limited, Loft 206 Limited, Onkin Mall, WEB BEES Limited

Special Thanks

York Joint (Hong Kong) Limited

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

Tongcheng Travel Posts Strong Earnings Growth in 1H2023 On Sustained Nationwide Travel Boom

Tongcheng Travel Posts Strong Earnings Growth in 1H2023 On Sustained Nationwide Travel Boom

Adjusted Net Profit Rises by 207% to RMB1,096 Million Average MPUs and APUs Reach All-time Highs

HONG KONG SAR – Media OutReach – 22 August 2023 – Tongcheng Travel Holdings Limited (“Tongcheng Travel” or the “Company”, together with its subsidiaries the “Group”, stock code: 0780.HK), an innovator and leader in China’s online travel industry, today announced its unaudited consolidated results for the six months ended 30 June 2023 (the “period under review” or “1H2023”).

1H2023 Highlights with Year-on-year Change

Robust Revenue and Earnings Grew to New Heights

· Revenue increased by 79.6% to RMB 5,452.4 million

· Adjusted EBITDA rose by 110.5% to RMB 1,538.0 million; adjusted EBITDA margin increased by 4.1 percentage points to 28.2%

· Adjusted net profit surged by 207.0% to RMB 1,096.0 million; adjusted net margin widened by 8.3 percentage points to 20.1%

Diversified Online and Offline User Acquisition Channels

· Average MAUs increased by 27.7% to 282.5 million

· Average MPUs rose by 44.6% to 41.8 million

· About 87% of registered users resided in non-first-tier cities in China

Cores Businesses Achieved Record High Revenues

· Transportation ticketing services rose by 75.8% to RMB 2,877.3 million. Domestic air ticket volume in Q2 2023 grew by 40% compared with the pre-pandemic level in Q2 2019

· Accommodation business grew by 73.9% to RMB 1,889.7 million. Domestic room nights sold grew by over 130% compared with the pre-pandemic level in Q2 2019

· Revenue from others* increased by 118.8% to RMB 685.5 million

* Others mainly include revenues from advertising services, hotel management services, corporate travel services, membership services and attraction ticketing services.

Note: MAU: monthly active users; MPU: monthly paying users; APU: annual paying users

Mr. Ma Heping, Executive Director and Chief Executive Officer of Tongcheng Travel, said, “2023 marks a new chapter for China’s travel industry. We are thrilled to see continued strength and accelerated quarter-on-quarter sequential growth in domestic demand alongside soaring travel enthusiasm. Remarkable increases were seen in our traffic with both MPUs and APUs reaching record levels, primarily attributable to our diversified online channels and effective user engagement. As non-tier-one cities have become increasingly popular travel destinations, our established leadership and deep penetration in these markets enable us to further harness rising opportunities through full-service offerings geared towards exceptional customer experience, thereby driving our long-term sustainable growth.”

Diversified Traffic Channels, Increased User Engagement

Tongcheng Travel further diversified traffic sources by exploring online and offline channels, especially in underpenetrated lower tier cities. Consistent efforts were made to better engage and serve users through the Tencent Ecosystem. During the period under review, it optimized Weixin Search functions and co-launched a WeChat Pay campaign in Hong Kong to interact with users in the region. It continued collaborating with Tencent games while incorporating e-sports and sponsoring popular music festivals with Tencent Music to boost exposure among younger audiences. These initiatives effectively drove user acquisition and engagement.

Transportation Ticketing and Accommodation Reservation Business Reached New Highs

Driven by volume growth, transportation ticketing revenues, which accounted for 52.8% of the total revenue, achieved record high results of RMB 2,877.3 million on a 75.8% increase during the period under review. Through consistent effort to build a more diverse user base to further penetrate the market, domestic air ticket volume in Q2 2023 increased by 40% compared to the same period in 2019. The accommodation business, which contributed 34.7% of the total revenue, continued to set new revenue and volume highs. Revenue from this business grew by 73.9% to RMB 1,889.7 million. The number of room nights sold in Q2 2023 increased by more than 130% compared to Q2 2019.

New Hotel Management Business to Diversify Revenue Streams

The Group took steps to diversify its business to bring in new growth impetus. It has further developed the hotel management business by expanding the hotel brand portfolio to include low- to high star-rated hotels. It has also tapped into the leisure travel market through acquisitions of travel agencies. Elong Hotel Technology Group set up by the Group had signed contracts with nearly 2,000 hotels and had 15 million members. In the first half of 2023, revenues from others, including advertising services, hotel management services, corporate travel services, membership services and attraction ticketing services, recorded a 118.8% growth to RMB 690 million.

Leveraged Technology Edge to Enable Smart Digitization of Travel Industry

Tongcheng Travel is committed to applying its technology edge to contribute to a highly efficient travel ecosystem. It uses AI-powered robots to provide more efficient customer service and worked closely with business partners to proactively explore the application of Artificial Intelligence Generated Content (AIGC) in its business operations. Moreover, it utilizes its technology edge and innovation capabilities to assist upstream suppliers to expedite smart digitalization of the China’s travel industry.

On top of that, it established cooperation with Chengdu Shuangliu International Airport to help the airport develop a transit system to attract transit passengers and established a strategic partnership with Henan Province Airport Group to help it develop combined transport solutions, integrated membership programs, and digitalization platforms. Furthermore, through its comprehensive hotel PMS brand matrix, the Company provided SaaS solutions to more individual and chain hotels as well as alternative accommodation to optimize their operational efficiencies.

ESG Efforts for Sustainable Development Won Recognition

Tongcheng Travel’s dedication to corporate sustainability has earned its inclusion for the first time in The Sustainability Yearbook (China) by S&P Global. In light of the full recovery of the travel industry, it initiated a training program on digital operation and marketing of rural tourism for tourism professionals from Sichuan province, to help stimulate and accelerate the growth of the rural economy. Moreover, it collaborated with over 200 hotels across China to offer college entrance examinees and their parents free stationery, water, and comfortable rest areas.

Mr. Ma added, “Going forward, we will continue to leverage our competitive advantages in terms of diversified traffic sources, solid market position, flexible operation strategy, and advanced technological capabilities. We will further enhance our products and services to provide more satisfying experience to our users. We will also seize market opportunities and look into international business potential. At the same time, we will explore investment opportunities that align with our strategies to support future business growth to generate long-term sustainable value for our stakeholders and communities.”

Hashtag: #TongchengTravel

The issuer is solely responsible for the content of this announcement.

About Tongcheng Travel Holdings Limited (HKSE Stock Code: 0780.HK)

Travel is a one-stop shop for users’ travel needs. With the mission “make travel easier and more joyful”, Tongcheng Travel offers a comprehensive and innovative selection of products and services covering nearly all aspects of travel, including transportation ticketing, accommodation reservation, tourist attraction ticketing, and products including package tour, self-guided tour and cruise, including a wide array of transportation and leisure travel scenarios primarily through its online platforms, which comprise its Tencent-based platforms, its proprietary mobile apps, quick apps and other channels.

As a technology-driven company, Tongcheng Travel leverages big data and AI capabilities to better understand the preferences and behaviors of users, thereby offering users customized products and services. Tongcheng Travel has a strategic focus on lower-tier cities in China and seized opportunities there supported by its diversified traffic sources, product innovation capability and flexible operation strategies. Through the in-depth understanding of user experience and advanced technological capabilities, Tongcheng Travel has been revolutionizing what consumers expect from the online travel industry, making the entire travel process more convenient, personalized and enjoyable than ever. Tongcheng Travel aims to develop and apply its advanced technology to transform from an online travel agency to intelligent travel assistant.

For more information, please visit the Group’s website at

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

Arrow Electronics Empowers Startups with Design Engineering and Supply Chain Capabilities for Developing Robotics and AIoT Devices in the Greater Bay Area

Arrow Electronics Empowers Startups with Design Engineering and Supply Chain Capabilities for Developing Robotics and AIoT Devices in the Greater Bay Area

SHENZHEN, CHINA – Media OutReach – 22 August 2023 – Global technology-solutions provider Arrow Electronics, Inc. hosted its annual “Arrow Technology Showcase” event today in Shenzhen, China.

33f016fe5de4beef3d74606e856a402.jpg

With the theme of “Guiding Technovators to a Better Tomorrow”, the event brought together hundreds of technology companies, manufacturers, solution providers, and tech startups across the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in southern China. The event showcased over 100 components, systems, applications, and solutions, focused on robotics, AIoT (Artificial Intelligence of Things), and smart energy.

GBA, a megalopolis with a total population of over 86 million and an estimated GDP of around USD1.8 trillion in 20221, is home to one of the most vibrant and thriving communities of technology innovators and entrepreneurs in China. As tech startups and innovative companies strive to develop more practical and robust technology solutions to harness the potential of digitalization, decarbonization, and electrification, they often face increasing engineering and ever-complex supply chain challenges. As a global technology solutions provider, Arrow provides best-in-class engineering, supply chain expertise, and global ecosystem support to help enable these innovators and entrepreneurs in overcoming technological and supply chain challenges and bringing their creative and innovative ideas to market faster.

Empowering innovators in the GBA and beyond

Arrow established its first open lab at Hong Kong Science Park (HKSTP) in 2016. The lab has since served as a center of excellence for hundreds of local engineers and creators to solve engineering problems and accelerate the idea-to-prototype-to-production journey. To further support the broader GBA region, Arrow has launched a new open lab at Xbot Park in Dongguan, an industrial city in GBA.

“XbotPark is a global startup incubator focused on robotics and smart hardware, dedicated to offering the necessary mentorship, ecosystem support, funding access, and technology resources it takes for startups to grow and succeed. We are excited to collaborate with Arrow and gain their support of our high-potential tech start-ups, not just in Dongguan but also the broader GBA region. Arrow brings a wealth of technologies, from microelectronics and sensors to connectivity and edge platform, as well as design engineering expertise, and supply chain services. These resources and capabilities are essential for startups and innovators to maximize their business potential,” said Zexiang Li, co-founder of XbotPark.

Nurturing robotics innovators

China’s robotics market is expected to be worth USD17.4 billion with an annual growth rate of 22 percent, according to the China Robotics Industry Development Report2. Industrial robots are valued at USD8.7 billion, service robots at USD6.5 billion, and specialized service robots at USD2.2 billion.

Direct Drive Tech, a Dongguan-based company specialising in the R&D and production of robot joint and motion solutions, showcased its latest wheeled-leg robots at Arrow’s showcase event. As a graduate of XbotPark incubation program, Direct Drive is committed to eliminating reduction gearboxes and creating direct drive precision power solutions worldwide. “With the support of global technology companies such as Arrow, we can gain access to ecosystem resources that allow us to reach a broader market and fully maximize our growth potential with our robot actuator and highly efficient power solutions,” said Jet Yin, global marketing director of Direct Drive Tech.

As part of the Arrow and HKSTP co-incubation training program launched since 2021, Arrow’s engineering team has offered free robotic and AIoT technology training to over 400 engineers enrolled in the program. Direct Drive’s wheeled-leg robot has been featured as one of the open platform tools in the robotic technology training program.

HengZi Future, a developer of consumer-grade robotic products and a current incubatee of XbotPark incubation program, also showcased its latest consumer-grade pet robots at the event.

“As we continue to enhance our robotic product offerings and scale up our business, we look forward to gaining access to Arrow’s comprehensive portfolio of advanced electronic components, design engineering resources, and go-to-market support,” said Pei Heng Song, founder and CTO, Hengbot Innovation.

As the first electronics hardware lab established in XbotPark, Arrow’s open lab occupies a total space of 1,200 square meters with engineering equipment and testing modules and an open collaboration area. This enables local and international startups to design, develop and test their products and solutions effectively.

“Cross-disciplinary cooperation and technology integration are key to fostering continuous innovations and sustainable development in today’s highly competitive and rapidly evolving market landscape,” said Arthur Jiang, Arrow’s president for its Asia-Pacific components business. “Technology companies and startups constantly face challenges from competing research and product development needs and evolving demands for product features to a shifting supply chain landscape. By offering our global network of resources, industry insights, and in-market presence, we act as a trusted technology partner who can guide and help them take their ideas from imagination to innovation.”
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1 https://www.bayarea.gov.hk/en/about/overview.html#:~:text=The%20total%20area%20is%20around,RMB%2013%20trillion%20in%202022.

2 https://dsj.guizhou.gov.cn/xwzx/gnyw/202208/t20220823_76224575.html

Hashtag: #ArrowElectronics

The issuer is solely responsible for the content of this announcement.

About Arrow Electronics

Arrow Electronics guides innovation forward for over 210,000 leading technology manufacturers and service providers. With 2022 sales of $37 billion, Arrow develops technology solutions that help improve business and daily life.

Learn more at arrow.com/fiveyearsout

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

OMNI Tuna Wins Gold Award for Best Vegan Fish in Vegan Food & Living Awards

OMNI Tuna Wins Gold Award for Best Vegan Fish in Vegan Food & Living Awards

LONDON, UNITED KINGDOM – Media OutReach – 22 August 2023 – Food Tech company OmniFoods has endeavoured to bring healthy and sustainable products through innovation, OmniFoods is proud to announce that the OMNI Tuna has been awarded the Gold Award for Best Vegan Fish in the Vegan Food & Living Awards. This recognition further solidifies OMNI’s commitment to delivering innovative and delicious plant-based seafood alternatives.

omnituna pack shot w award icon (1).png

To celebrate this remarkable achievement, OMNI invites diners to indulge in the exquisite flavours of its award-winning OMNI Tuna at select locations. Starting from today, diners can visit Pastan in London, Manchester and Bristol to experience the exclusive OMNI Tuna Menu, featuring mouthwatering dishes such as OMNI Tuna Caesar Salad and OMNI Tuna Mac & Cheese. Each dish showcases the versatility and culinary possibilities of OMNI Tuna, providing a delightful dining experience for both vegans and seafood enthusiasts alike.

For those in the Cwmbran area, The Queen Inn presents an opportunity to savour the tantalising OMNI Tuna Menu, which includes the OMNI T*na & Sweetcorn Mayo Salad and the OMNI T*na Sweetcorn Mayo Wrap. These delectable creations highlight the incredible taste and quality of OMNI Tuna, delivering a satisfying plant-based alternative that leaves a lasting impression on diners.

For more information about OMNI Tuna and to explore the full range of OMNI products, please visit www.omnifoods.co.

Hashtag: #OMNI

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About OmniFoods

OmniFoods, the food innovation arm under Green Monday Holdings, is a global leading plant-based food company. The OmniFoods’ brand ranges from OMNI Pork, Seafood, Beef & Chicken to OMNI Chef solutions like Appetisers & Entrees, with a goal to make food for all people and all cuisines. With R&D in Canada and distribution network in over 20 markets, OmniFoods’ products have received various international awards & accolades – OMNI Mince and OMNI Luncheon were awarded a One-star Great Taste Award in 2021, and OMNI Golden Fillet received the Silver Quality Award in the Monde Selection 2022 and voted as the best Vegan fish by PETA UK. OMNI Tuna received the Gold Award for ”Best Vegan Fish” in UK’s No.1 vegan magazine, Vegan Food & Living’s Product Awards 2023.

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