• The new “Singapore Cross-border Brand Launchpad” program, which is developed together with Enterprise Singapore and the Singapore Business Federation, will help over 100 local Singapore MSMEs to launch and scale their brands, access export opportunities in the United States in the next two years
• As of May 2023, sales from Singapore sellers on Amazon global sites achieved double-digit growth YoY, and hit record performance during Prime Day 2023
• Accelerated e-commerce export by MSMEs poised to nearly double revenues from S$1.7 billion in 2022 to S$3.9 billion by 2027, new study from Access Partnership reveals

SINGAPORE – Media OutReach – 24 July 2023 – (NASDAQ: AMZN) – Amazon Global Selling today introduced the ‘Amazon Global Selling Singapore Cross-border Brand Launchpad’ program, in collaboration with Enterprise Singapore (EnterpriseSG) and Singapore Business Federation (SBF), to equip local entrepreneurs with cross-border e-commerce skills^[1] and help them access burgeoning opportunities of this sector and build a long-term global business. The program will help over 100 local Singapore micro, small and medium enterprises (MSMEs^[2]) to launch and scale their brands through Global Selling in the next two years and help at least 300 Singapore companies to equip them with knowledge set of cross-border e-commerce through a long-term knowledge collaboration.

A first by Amazon Global Selling in Singapore, the program will help over 100 eligible local MSMEs launch their brands and scale in the United States (U.S.) with dedicated and tailored account management support and resources. Notably, MSMEs will receive support in areas including advisory on business growth and solutions, optimization of marketing and analytics tools, and know-how on achieving product standards certification in line with local regulations.

Additionally, as part of a long-term knowledge collaboration, Amazon Global Selling is working with SBF to develop a dedicated cross-border e-commerce learning series for at least 300 Singapore companies. This will feature key topics including introduction to cross-border e-commerce business model, solutions to tackle common global e-commerce challenges, and relevant digital economy skills such as product selection and preparation, overseas market and consumer research, digital brand building and tools, performance optimization, cross-border logistics, and more. With seminars, business review, and business matching, the knowledge collaboration aims to empower local companies to develop a global business on the worldwide playing field.

Global e-commerce has grown at an average rate of 12%^[3] over the last several years and this is forecasted to continue into the future. Within e-commerce, the cross-border Business-to-Consumer (B2C) e-commerce market is experiencing growth with a global CAGR of nearly 28.4% during 2020-2027^[4]. “Cross-border e-commerce is becoming increasingly crucial for the success of MSMEs. To fuel their long-term growth, we recognize the significance of local collaborations and local support,” said Anand Palit, Head of Amazon Global Selling, Southeast Asia. “We look forward to growing our efforts with Enterprise Singapore and Singapore Business Federation to help local businesses seize the potential of the ever-expanding cross-border e-commerce and write the new chapter of Singapore MSME’s transformation story.”

“To strengthen their competitive edge, businesses must equip themselves with the capabilities to explore new markets and adopt differentiated go-to market strategies. The size and vibrancy of the e-commerce market in the U.S. presents significant opportunities for Singapore businesses,” said Soh Leng Wan, Assistant Chief Executive Officer, EnterpriseSG. “We are excited to partner with Amazon Global Selling to help Singapore businesses build their capabilities in cross-border e-commerce and unlock new drivers of growth.”

“SBF is pleased to partner with Amazon Global Selling and EnterpriseSG to launch the “Amazon Global Selling: Singapore Cross-border Brand Launchpad” today. This partnership will help Singapore businesses develop the necessary know-how to reach customers in the U.S., which is one of the most diverse in the world with an enormous growth potential for consumer brands. We look forward to do more with Amazon Global Selling to accelerate cross-border e-commerce adoption by Singapore companies,” said Kok Ping Soon, CEO of Singapore Business Federation.

High growth potential for Singapore MSMEs with cross-border e-commerce

The value of B2C e-commerce sales earned by Singapore firms from overseas sales has the potential to nearly double from S$1.7 billion in 2022 to S$3.9 billion by 2027, if they invest in cross-border e-commerce. These are findings from the newly launched ‘Local Sellers, Global Consumers: Capturing the e-commerce export opportunity in Singapore’ study, which surveyed over 300 MSMEs from Singapore. The study, prepared by consulting firm Access Partnership, analyses the size of Singapore’s e-commerce export potential, the perspective of local MSMEs, and best practices to achieve that potential.

MSMEs are optimistic about the demand for online shopping. The study found that 82% of Singaporean MSMEs believe that e-commerce is critical for their ability to export. When asked the reasons for using e-commerce to export, MSMEs value the access to marketing tools that boost their product visibility internationally (48%) and ease of engaging with overseas customers online (47%). Other reasons cited include the ability to access a large number of overseas countries (44%) and the growing demand for online shopping (39%).

Amidst the opportunities for growth through cross-border e-commerce, the capability and knowledge barriers faced by MSMEs are a lack of capability in managing digital platforms and a lack of knowledge on e-commerce export business models, which are what the knowledge collaboration aims to address.

To download ‘Local sellers, Global consumers 2022: Capturing the e-commerce export opportunity in Singapore’, visit https://accesspartnership.com/local-sellers-global-consumers-2022-capturing-the-e-commerce-export-opportunity-in-singapore/.

Singapore brands are emerging on the global stage

Today, more than 60% of sales in Amazon’s store are from independent sellers—most of which are small and medium-sized businesses—providing a vast selection of amazing products, competitive prices, and great convenience for consumers^[5] . Many Singapore sellers have already started their e-commerce journeys on Amazon stores. As of this May, sales from Singapore sellers on Amazon global sites have achieved double-digit growth YoY, and have hit record-breaking performance during Prime Day this year.

HYDRAGUN, a local brand providing health and wellness massagers and products, is an example of a passion project that has scaled to global audiences. “Hydragun was an idea born from my training injury that quickly became an opportunity to offer high-quality, premium recovery essentials to people all over the world who suffer from body aches and pain. Whether you are young or old, active or otherwise, pain is something that everyone would experience at some point—and my team and I aim to innovate and create recovery solutions to help people feel good, get better and live their best lives. As Hydragun continues to expand globally, Amazon presents a unique opportunity to directly reach a wide base of customers. They are one of the key levers to helping us achieve our mission of reaching 1 million households by 2025,” said Aloysius Chay, co-founder of HYDRAGUN.

To learn more about the millions of small and medium-sized businesses growing with Amazon, visit: aboutamazon.com/supporting-small-businesses. More information about selling on Amazon can be found here: https://www.amazon.sg/sell. And sellers who are interested in the program can register in this link.

Hashtag: #Amazon #Ecommerce #GlobalSelling

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

About Amazon Global Selling

Amazon Global Selling helps businesses from anywhere in the world to launch a global business, reach Amazon customers around the world and build international brands. Through selling on Amazon online stores, sellers of different types and scale can reach millions of Amazon customers worldwide, including 200 million+ Prime customers in overseas Amazon online stores; and more than five million business and institutional buyers in the USA, Europe, and Japan.

For more information about selling on Amazon, please visit http://sell.amazon.sg

Source link

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.

The Largest Post-Pandemic STEAM Competition in Hong Kong

HONG KONG SAR – Media OutReach – 24 July 2023 – Trumptech, the leading edtech company and the Official LEGO® Education Partner in Hong Kong, has successfully held the FIRST® LEGO® League 2022-23, attracting a record-breaking 85 schools and nearly 150 teams from around the city. With its transformative approach to STEAM education, this competition represents the largest of its kind in the region following the global pandemic.

The FIRST® LEGO® League offers annual international STEAM competitions, drawing participation from over 100 countries worldwide. Students, using LEGO® Education kits to achieve their goals, explore STEAM topics and boost their 21st-century skills. The event also aligns with Hong Kong’s chief executive’s 2022 policy address, aiming to promote STEAM education “for all”, “for fun”, and “for diversity” in primary and secondary schools. This initiative intends to include more I&T learning elements in the curriculum, designate coordinators in all publicly-funded schools to plan STEAM education holistically, and arrange professional training for teachers in at least 75% of publicly-funded schools.

“The FIRST® LEGO® League competition embodies our commitment to inspire and cultivate the future leaders of STEAM,” said Ming Kwok, CEO of Trumptech. “By providing students with an immersive, hands-on learning experience, we are empowering them to develop creative problem-solving abilities and technological literacy that will prove essential in the world of tomorrow.”

This year’s competition offered a range of categories for kindergarteners, primary, and secondary school students, ensuring a holistic development and application of STEAM skills throughout their academic journey.

Students prepared for four critical aspects of the competition: The Robot Game, Innovation project, Robot Design, and Core Values. Through these segments, they had the chance to design and program robots, propose creative solutions to global issues, and present their projects to professional judges.

Participating teams consisted of 2-6 students, guided by 1-2 coaches. They were equipped with LEGO® Education SPIKE™ Prime core and expansion kits, FLL Challenge annual field set (mission maps and field models), teacher and student guides, and the Robot Performance Competition Guide.

The competition rewarded students across multiple areas, such as Robot Design, Innovation project, and Team Collaboration, with the opportunity for winners to attend the international competition in China, US, Europe and Australia.

Beyond the competition, Trumptech offers comprehensive STEAM learning services and support, including FLL competition workshops, FLL competition training courses, SPIKE Prime student interest classes, and SPIKE Prime fun days for entire grades. These opportunities allow preparation for the competition and easy integration into the curriculum.

“We are proud of the achievements of all the teams this year and excited about the potential of these young learners,” added Mr. Kwok. “The future of STEAM is in their hands, and we at Trumptech are committed to helping them explore, innovate, and lead.”

In addition to Trumptech, the FIRST® LEGO® League 2022-23 was supported by multiple parties, including Strategic Partner the Hong Kong Federation of Youth Groups, Co-organisers the Hong Kong Association for Computer Education (HKACE) and the Institution of Engineering and Technology (IET), and venue sponsor THEi and Vocational Training Council of Hong Kong.

The policy address and Trumptech’s efforts are converging to form a robust foundation for promoting I&T development in Hong Kong. The success of the FIRST® LEGO® League competition is a testament to this commitment.

Award winners of the Primary School Division

Award winners of Secondary School Division

Hashtag: #FirstLegoLeague #Trumptech #尊科教育

https://www.linkedin.com/company/trumptech-edu/
https://www.facebook.com/Trumptechhk/
Youtube: https://www.youtube.com/channel/UCIb3AIHUQHv65dYdTi9Gyxg?view_as=subscriber

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

Source link

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.

SINGAPORE – Media OutReach – 24 July 2023 – Chubb today announced the promotion of Adrian Habils to Head of Property, Asia for its general insurance business. He is currently the Deputy Property Manager for Chubb in Australia & New Zealand.

In his new role, Habils will be responsible for the financial performance of Chubb’s Property portfolio in Asia. He will have an interim reporting line to Paul McNamee, Regional President of Asia Pacific, and will be based in the Singapore Regional Office from 1 October 2023.

Habils has more than 20 years’ experience working in property insurance. He commenced his career at Chubb’s predecessor company as a Property Underwriting Manager in Adelaide, Australia in 2008, and since then has held various property underwriting and management roles in Australia. In his new position as Head of Property in Asia, Habils will be responsible for driving best-in-class underwriting, sales and servicing standards across the property portfolio in the region.

On announcing Habils’ appointment, McNamee said, “Adrian is an experienced leader with deep property insurance expertise. He is passionate about our business and has been instrumental in shaping the property portfolio in Australia and New Zealand. As an organisation, we remain focused on promoting from within and we look forward to Adrian moving into his new role where he will continue to drive our property business forward in Asia.”

Hashtag: #Chubb

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

About Chubb

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 34,000 people worldwide.

Additional information can be found at: www.chubb.com.

Source link

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.

Utilize Coda’s In-market expertise and resources to grow your audience and margin.

SHANGHAI, CHINA – Media OutReach – 24 July 2023 – Coda, the world’s largest provider of cross-border content monetization solutions, will be joining the 20th anniversary of ChinaJoy (China Digital Entertainment Expo and Conference) in Shanghai this year.

Coda’s monetization solutions and insights are leading the industry. At #Chinajoy2023, you’ll have the chance to explore how Coda is transforming out-of-app content monetization in gaming, live streaming and more. From pay-in to pay-out, Coda is dedicated to making it easier to grow your business globally.

Commenting on Coda’s participation at the upcoming event, Steven Zhou, Managing Director, Publisher Partnerships, China, commented: “When you think of an explosive growth in gaming and tech, you think of China. China is home to some of the most ambitious and successful games teams and innovators in the world and Coda couldn’t be more excited to be here. ChinaJoy 2023 marks an extraordinary opportunity for Coda to showcase our world-class content monetization solutions and connect with publishers looking to unlock their true international potential.”

Founded in 2011 and headquartered in Singapore, Coda is trusted by the world’s leading game publishers, including miHoYo, Tencent, ByteDance, Activision Blizzard, Electronic Arts (EA) and Riot Games, to grow their audiences globally. Over 300 game and digital content publishers partner with Coda to unlock new revenue at lower cost by reaching paying players through out-of-app content monetization solutions that seamlessly connect to in-mobile games.

“By working together, we can overcome barriers, grow international audiences, and establish thriving gaming ecosystems that extend beyond geographical boundaries. We’re looking forward to reconnecting with our partners and getting acquainted with new industry players to talk about growing globally as partners,” Steven Zhou added.

Coda is your streamlined partner for secure, compliant monetization solutions and scalable, direct-to-consumer expertise.With Coda, publishers can focus on creating content and games and not have to deal with the complexities of payment operations or the intensive legwork involved in growing globally.

Coda’s B2B and B2C channel, platform and payment solutions are trusted by the world’s top publishers to grow revenue and customer engagement in 65+ markets with ease:

Channel solutions

• Through Codashop, our independent webshop for digital content, we connect publishers to over 10 million monthly players and consumers worldwide, while xShop extends the reach of publishers’ Codashop integration by making their content available on a range of e-commerce sites and other consumer-facing platforms.

Platform solutions

• Our D2C webstores help publishers monetize players and consumers directly with industry leading strategies and expertise. Partnering with Coda also gives publishers access to over 10 years of proven intelligence using the latest in conversion and monetization analytics.

Payment solutions

• Codapay is our seamless API service that allows publishers to accept 300+ local payment methods on their own website. Coda also recently launched Payouts, where we ensure publishers’ local content creators and partners are paid promptly through their preferred payment channels. Outside of gaming, Bigo Live, owned by China’s JOYY Inc, is amongst leading publishers that is already benefiting from payouts.

In China, Coda has partnered with top Chinese publishers to help monetize their most popular titles across diverse markets, from Indonesia to Brazil. Coda breaks down barriers between these publishers and their international fans by making in-game currencies and content available for secure and easy purchase in over 300 local payment methods. Coda remains firmly committed to helping Chinese publishers grow globally and unlock new revenue from paying fans across the world.

Backed by Smash Capital, Insight Partners, GIC, Apis Partners and GMO Global Payment Fund, Coda has been named one of the fastest-growing companies in APAC by the Financial Times, a Technology Pioneer by the World Economic Forum and the Best Payment Solutions Provider for the game Industry (Global) by Global Brand Magazine.

Call to Action:
Visit the BTOB Exhibition Area, booth B205 in Hall W4 to find out more about Coda’s leading digital content monetization solutions.
Hashtag: #Coda #Gaming #Payments #ChinaJoy #Crossborder

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

About Coda

Founded in 2011, Coda is the global leader in content monetization solutions for gaming publishers. We connect over 300 publishers, including gaming’s biggest names like miHoYo, Tencent and ByteDance, to 10M+ customers in 65 markets through 300+ payment methods. Coda’s flagship solutions include Codapay, our direct payments integration on publishers’ websites, and Codashop, the preferred destination for in-game content purchases for millions of gamers worldwide. Coda also expands publishers’ reach across super-apps and e-commerce sites through xShop. Backed by Smash Capital, Insight Partners, GIC, Apis Partners, and GMO Global Payment Fund, we’re recognized as a fast-growing APAC company, Technology Pioneer, and the Best Payment Solutions Provider for the Gaming Industry.

Source link

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.

Evolution and Renewal of Excellence

SUZHOU, CHINA – Media OutReach – 24 July 2023 – The 5th China Best Managed Companies (“BMC”) List, with the theme “Driving the Innovation Journey to Excellence”, was announced today at the China BMC Awards Ceremony in Suzhou, Jiangsu. More than 100 guests, including representatives of the core management teams of the award winners, renowned entrepreneurs, representatives of domestic and international partners, and business elites, were present to mark the occasion.

BMC, a Deloitte global program with 30 years of history, landed in China in 2018. The event is now in its fifth year, and this year saw the first awards for China BMC Gold Award winners (winners for five consecutive years). China BMC is sponsored by Deloitte China in conjunction with the Bank of Singapore, KUST Business School, Harvard Business Review (Chinese edition), and local business associations. It is backed by a rigorous screening process that identifies and witnesses private companies with advanced management concepts and superior management levels that can inspire more Chinese companies to focus on long-term, balanced, and sustainable development.

As the only international award in China that comprehensively evaluates the management systems of private enterprises, the BMC program brings together exemplary private enterprises in China, demonstrates the power of excellence, motivates more private enterprises to create internal change, and externally shapes “social enterprises” and sustainable development benchmarks in China.

After six months of interviews with entrepreneurs and research by experts, 58 companies were selected for the 5th BMC program, including 11 newcomers, 16 Gold Award winners, and 31 consecutive winners. The selected companies had combined revenue of RMB1.8 trillion, accounting for about 1.5% of China’s GDP, and have maintained profitable growth from 2018 to 2022, with average compound revenue growth of 17%, demonstrating their “power of excellence”.

Of the 58 winners, 58% are in the industrial manufacturing and consumer (including retail) sectors, suggesting that even the most traditional industries can work wonders in an economic downturn if they are driven by the engines of management excellence, breakthroughs in high-speed innovation, and enduring corporate cultures. In addition to the 69% of enterprises from Guangdong, Beijing, Shandong, Jiangsu, and Shanghai, outstanding private enterprises from other provinces and cities now represent nearly a third of the list, indicating that the overall strength of more local private enterprises is increasing and there are many potential champions to be discovered.

Frank Xu, Deloitte Private China Managing Partner, says, “The BMC program utilizes Deloitte’s “Criteria for Management Excellence” global framework to comprehensively evaluate candidates’ strategy, capability, commitment, and financial strength, as well as providing continuous insights into the outstanding management practices of China’s leading private sector companies.

“During the ups and downs of the economic cycle, many BMC companies have gone through transformation and upgrading, completing their evolution of excellence. It is not easy for BMC Gold Award winners to not only possess superior financial indicators, but to also thrive across economic and business cycles to achieve resilient growth.”

Zhao Jian, Best Managed Companies Program Managing Partner, adds, “Through interviews and research with BMC experts, we found that the average R&D investment of this year’s award-winning listed companies is much higher than the average among A-share companies, and they have excelled in internationalization development. BMC awardees’ continuous excellence and evolution in the face of external challenges lie in their sustained “integrated innovation”, which makes enterprises more market-sensitive, more sustainable in R&D, more forward-looking in products, and more far-reaching in brand influence.

“BMC enterprises have succeeded not only through product and technology innovation, but also possess more innovative digital means to strengthen customer insights, address social needs, lead their industries to create change, and have the awareness to transform their material and business values into team values and a sense of mission, inspiring their people and maintaining enterprise vigor and vitality. This sense of diversity and innovation is driving BMC’s award winners progress towards being world-class companies.”

Teresa Lee, Alternate Chief Executive and Head of Greater China of Bank of Singapore’s (BOS) Hong Kong Branch, says, “BOS is delighted to be the co-sponsor and judge of the China BMC Award for the fifth consecutive year. We will continue to work together with the BMC program to pass on the spirit of entrepreneurial excellence and help more Chinese private enterprises achieve greater social value and impact in the Asia-Pacific region.”

Prof. Xu Yan, Associate Dean of HKUST Business School, said, ” Innovation and change is the key to business success. As the co-initiator and strategic academic partner of the BMC program, HKUST Business School is committed to working with partners to promote the BMC program. Through the application of professional knowledge in business and management research, HKUST Business School will continue to help Chinese enterprises enhance their management, and augment their impact in the areas of internationalization experience, innovation management, corporate governance, and management systems.”

Liu Xiao, General Manager of Harvard Business Review China (Chinese edition), adds, “Private enterprises are vital force in China’s economy. Harvard Business Review is committed to providing thoughtful management insights and sharing leading management practices to help Chinese enterprises shape their influence in a fast-developing business world and tell more Chinese stories well.”

At the 5th BMC Awards Ceremony, 58 award winners that exemplify the theme of “Journey of Innovation”, discussed how to achieve “Evolution of Excellence” through multi-dimensional innovation in product and technology, organization and back-office, and customer and advanced insights. Deloitte China will use BMC as a platform to invite more outstanding Chinese private enterprises to speak jointly to the world, delivering the important co-creation of platforms and enterprises and continuing to build the influence of China’s outstanding private companies.

(Attached is the 5th “China Best Managed Companies” List)

Disclaimer

This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms or their related entities (collectively, the “Deloitte organization”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.

No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication. DTTL and each of its member firms, and their related entities, are legally separate and independent entities.

Hashtag: #Deloitte

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

About Deloitte China

Deloitte China provides integrated professional services, with our long-term commitment to be a leading contributor to China’s reform, opening-up and economic development. We are a globally connected and deeply locally-rooted firm, owned by its partners in China. With over 20,000 professionals across 30 Chinese cities, we provide our clients with a one-stop shop offering world-leading audit & assurance, consulting, financial advisory, risk advisory, business advisory and tax services.

We serve with integrity, uphold quality and strive to innovate. With our professional excellence, insight across industries, and intelligent technology solutions, we help clients and partners from many sectors seize opportunities, tackle challenges and attain world-class, high-quality development goals.

The Deloitte brand originated in 1845, and its name in Chinese (德勤) denotes integrity, diligence and excellence. Deloitte’s professional network of member firms now spans more than 150 countries and territories. Through our mission to make an impact that matters, we help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients.

Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which are separate and independent legal entities, provide services from more than 100 cities across the region.

Please see www.deloitte.com/about to learn more.

Source link

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.

SINGAPORE – Media OutReach – 21 July 2023 – Shopee Singapore celebrated the achievements of its sellers and announced a suite of initiatives to empower businesses at Seller Summit 2023.

The theme of the Summit is “Win with Shopee: Roadmap to year-end sales success”.

Reaffirming its commitment to enhancing the seller experience, Shopee introduced the following key initiatives to its sellers at the virtual event to help them grow their businesses on the platform:

1. Next Day Delivery (NDD) – Available to selected retailers, NDD benefits sellers by giving users greater certainty on delivery arrangements and supporting buyers’ urgent purchases.

2. Coins Cashback Program – Shopee increased its priority platform vouchers and daily vouchers under the Coins Cashback Program to boost the sales of participating sellers on this program. In addition, Shopee offers preferential shipping rates for local sellers on this program.

3. A tailored digital banking experience – Sellers can tap on MariBank’s business banking suite to support their business growth. Mari Business Loan provides sellers with a ready cash line to meet their evolving business needs. In addition, Mari Business Account offers sellers a competitive interest rate of 2.5% p.a., without additional costs and fees to operate their accounts.

4. 30% Off Shopee Live – With 30% vouchers applied to all products sold on Shopee Live from 8pm to 11pm daily, sellers can take advantage of a growing livestream audience and engage buyers in real-time under this new livestream campaign.

Ian Ho, Vice President, Shopee, said, “Small and Medium Enterprises are a critical part of Singapore’s economy. They are a major driver of economic growth and job creation in Singapore. Shopee is grateful for their long-standing support and trust in our platform. As the e-commerce industry continues to transform, we remain committed to adapting to the evolving needs of businesses and helping sellers grow and scale online.”

Utilising holistic solutions to achieve business growth

Singapore-based online Home & Living store, Multiple x Choice (MXC), saw the opportunity to expand its business and reach more online users on Shopee. MXC leveraged Shopee’s expertise to organise and automate its business processes. In doing so, MXC expanded its business’ capacity in accepting larger orders and managing its fulfilment process.

With the support of Shopee, MXC observes that its business operations have improved. It now has additional time to focus on product sourcing and marketing strategies. Since joining Shopee, MXC’s business has expanded steadily and grown multi-fold over the past three years. Its followers have also grown from about 2,000 in 2020 to 21,300 today.

Employing Shopee Flash Deals and Shopee Ads, MXC garners high traffic and strong interest from new customers on its new arrivals and key products. It attests to the benefits of Shopee Affiliate Marketing Solution (AMS), which amplifies its brand presence through Shopee’s network of partners. It also works with Key Opinion Leaders in its livestreams during its Christmas campaign and giveaways on Shopee Live.

Khloe Leong and Phoebe Mok, co-founders of Multiple x Choice (MXC), said, “We continue to serve our customers’ needs and expand our customer base by curating more MXC products. We are thankful that Shopee provides sellers like us with a wide range of marketing tools and seller programs, which increase our exposure and enable us to grow our business. Together with Shopee, we believe that we can create a fun, engaging and meaningful shopping experience through e-commerce.”

Expanding reach with engagement tools

Agiontex, a homegrown seller of eco-friendly home care products, also attests to the ease of becoming a seller on Shopee. The one stop service Shopee offers makes it convenient for Agiontex’s customer management and order fulfillment. Agiontex also uses the Shopee Xpress pick up service for timely order deliveries.

Agiontex has seen its revenue tripled since operating on Shopee three years ago. It has plans to focus on affiliate marketing to boost sales traffic in 2023. To reach out to a large pool of online consumers, Agiontex will continue to participate in Seller Center campaigns and promote its products on Shopee Live.

Wong Jiewei, Sales and Marketing Manager at Agiontex, said, “We encourage businesses to onboard with Shopee as its seller support and customer service are top-notch. Shopee has supported our business goals from the beginning and has helped our business to grow. It has enabled Agiontex to reach out to a new customer base while facilitating timely order fulfillment.”
Hashtag: #Shopee

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

Shopee

Shopee is the leading e-commerce platform in Southeast Asia & Taiwan. Shopee promotes an inclusive and sustainable digital ecosystem by enabling businesses to digitalise and grow their online presence, helping more people access and benefit from digital services, and uplifting local communities.

Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. Shopee is also a key contributor to the region’s digital economy with a firm commitment to helping homegrown brands and entrepreneurs succeed in e-commerce.

Shopee is part of Sea Limited (NYSE: SE), a leading global consumer internet company. Sea’s mission is to better the lives of consumers and small businesses with technology through its three core businesses: Shopee, Garena and SeaMoney.

Source link

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.

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 21 July 2023 – Bybit, the world’s third most visited crypto exchange, has unveiled its newly revamped VIP program. With a focus on enhancing user satisfaction and optimizing trading opportunities, the revamped VIP program introduces a range of new features and benefits.

Notable changes include revised fee rates for takers and makers across different VIP tiers. Bybit has lowered the taker fee rates while increasing the maker fee rates to beat rival crypto exchanges by offering unparalleled value to VIP and PRO clients. The updated fee structure ensures that traders enjoy a more lucrative and exciting trading environment.

Bybit has also expanded its PRO levels from three to five tiers. Current VIP users can now instantly upgrade to PRO Level when the proportion of their API transactions exceeds 20%. PRO users benefit from a more favorable maker rate, ensuring a competitive edge in their trading activities.

The level thresholds have also been adjusted to better reflect user activity, with PRO3 encompassing a transaction volume range of 500M to 1B, PRO4 spanning 1B to 2B, and PRO5 catering to volumes exceeding 2B.

As part of the VIP program update, the fee rates for these grades have been fine-tuned to further benefit traders. Precisely, the rates have been adjusted as follows: 0.035% reduced to 0.03% for PRO3, 0.0325% reduced to 0.0275% for PRO4, and 0.03% reduced to 0.025% for PRO5.

Finally, Bybit has meticulously fine-tuned option levels and rates, ensuring an optimized trading experience for options traders.

“Our unwavering commitment at Bybit lies in equipping traders worldwide with the means necessary to best navigate the waters of the contemporary crypto market,” said Ben Zhou, co-founder and CEO. “The revamped VIP Program is a substantial stride toward realizing this vision, promising key service improvements for our clientele.”

More From Bybit

• Bybit VIP Program
• What Is Bybit VIP: An Exclusive Premium Trader Experience
• Bybit Takes VIP Program to the Next Level With Major Upgrades and Improvements

Hashtag: #Bybit #BybitListens #NextLevelOpportunities

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

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent 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, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports..

For more information please visit: https://www.bybit.com/

For updates, please follow: Bybit’s Communities and Social Media

https://discord.com/invite/bybit
https://www.facebook.com/Bybit
https://www.instagram.com/bybit_official/
https://www.linkedin.com/company/bybitexchange/
https://www.reddit.com/r/Bybit/
https://t.me/BybitEnglish
https://www.tiktok.com/@bybit_official
https://twitter.com/Bybit_Official
https://www.youtube.com/c/Bybit

Source link

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.