SHANGHAI, Nov. 29, 2023 /PRNewswire/ — In recent years, the Chinese pharmaceutical industry has been undergoing significant changes in its operational methods, driven by improvements in national regulations and changes in user behaviors and attitudes. Traditional operational approaches and marketing techniques of pharmaceutical enterprises are experiencing diminishing marginal effects, prompting an increasing number of pharmaceutical companies to prioritize and upgrade their digital marketing strategies to adapt quickly to these changes.

Zhang Yu, Tencent Health

As the interaction between pharmaceutical companies and domestic digital platform enterprises becomes more closely intertwined, digital platform companies, known for their rapid iteration and flexible adaptation to customer needs, are providing intelligent and customizable professional tools for pharmaceutical enterprises. In 2023, Tencent released NGES, a new-gen customer interaction solution catering to Health Care Professionals (HCP), marking another milestone in the digital practice of the pharmaceutical industry.

Several renowned pharmaceutical companies, including AstraZeneca and Eisai Co, have adopted NGES for digital innovation, reporting progress in compliant operations, precision marketing, and collaborative work. NGES makes communication between pharmaceutical sales representatives and healthcare professionals as smooth as daily conversations on WeChat, with the system automatically handling the materials and summaries required before and after communication. This allows both parties to focus their energy and time on academic efforts.  

What drives Tencent and numerous pharmaceutical companies into this digital innovation? Zhang Yu, Vice President of Tencent Health and the initiator of the NGES project, has witnessed all these changes. At the T-Inspire industry summit on November 17th, he publicly discussed the current needs and pain points in the pharmaceutical industry, as well as how he and his R&D team adopted innovative concepts and model innovation to promote the precise digital upgrade of medical care.

Pharmaceutical Industry amid Tremendous Changes

Previously, pharmaceutical companies focused on core markets in large cities and internal hospital markets, employing a large number of sales representatives for face-to-face communication with customers. They relied on graded questionnaires to gain insight into customer demographics. However, the profit margins of pharmaceutical enterprises narrowed by medical insurance Value-Based Purchasing (VBP) have necessitated cost reduction and efficiency improvement. Additionally, the crackdown on medical corruption has compelled enterprises to rely more on compliant academic promotion for marketing. The rapidly changing market environment has led to a continuous reduction in the number of offline sales representatives, requiring fewer personnel to engage with a larger number of doctors.

Market changes have also brought about a revolution in marketing strategies. Pharmaceutical companies are expanding their target markets from tier-one and tier-two cities to broader regions. Interaction with doctors is no longer confined to hospital departments, with online content marketing and academic conferences becoming increasingly important. In the post-pandemic era, there is a willingness to embrace new online methods such as virtual academic conferences, with AstraZeneca revealing that around 35,000 meetings per month in the Chinese market are held on Tencent Meeting.

The evolution of online communications has enabled pharmaceutical companies to comprehensively understand user behavior data, which is more objective than those from traditional questionnaires and offers a more diverse customer profile. Based on these data, pharmaceutical companies can implement data mining and label analysis. Utilizing the insights from user behavior data, pharmaceutical companies can recommend personalized content, resulting in a more precise marketing strategy.

Behind these needs of pharmaceutical companies, there is a requirement for comprehensive technological support, such as social contact, big data, artificial intelligence, cloud services, and security. Zhang Yu and his team at Tencent Health have astutely perceived that Tencent has the opportunity to excel in this untapped market space.

Tencent’s Vision: Facilitating Professional Interactions in the Healthcare Ecosystem

Tencent, with its rich experience in communication, social media, and online marketing, and boasting a national-level application—WeChat—with over 1.3 billion monthly active accounts, has been actively involved in the digital upgrade across various industries. When talking with pharmaceutical companies, Zhang Yu made it clear that at this pivotal moment in enterprise marketing, Tencent aims to leverage its products and technology to facilitate professional interactions between pharmaceutical enterprises and doctors.

Zhang Yu painted a scenario for executives of pharmaceutical enterprises, emphasizing that many successful stories of pharmaceutical companies demonstrate that WeChat is the most frequently used online tool by doctors. Through various channels on WeChat, pharmaceutical companies can reach customers comprehensively, forming a rich ecosystem for the pharmaceutical industry. He cited an example, "Doctors use WeChat Official Accounts to obtain medical information and knowledge. WeCom also provides a solid foundation for efficient internal collaboration within pharmaceutical companies. Pharmaceutical sales representatives and medical science liaisons can share information, leading to more targeted explanations and more efficient summaries after visits."

"WeChat’s Official Accounts, applets, and Tencent Meeting provide a more convenient way for pharmaceutical sales representatives and doctors to interact online, with data fusion completed in the backend. We have always considered placing HCP at the center, helping pharmaceutical companies find the right audience, push the right content at the right time and in the right way. Ultimately, we have facilitated the integration and innovation of Tencent’s existing resources to create a brand-new NGES for pharmaceutical companies and doctors." added Zhang Yu.

A multinational pharmaceutical company executive told Zhang Yu, "We really need this platform. After the pandemic, there is an urgent need for iteration in our external meeting systems. We have multiple candidate solutions, but we have found that the primary social tool for pharmaceutical sales representatives and doctors is WeChat. When it comes to non-professional meetings, the most widely used tool is WeChat Meeting. Can WeChat be developed into a professional communication platform that complies with the pharmaceutical industry’s regulatory requirements?"

With nearly 20 years of experience in the field, Zhang Yu, faced with the urgent need of pharmaceutical companies for a solution, showed a mix of optimism and a measured approach, "An ancient Chinese poem goes, ‘Moistening things quietly without making a sound,’ depicting the gradual and comfortable process of adaptation. We hope to adapt to the traditional habits and new demands of the pharmaceutical industry through a gentle and soft progressive approach."

Innovative Customer Interaction in the Healthcare Sector

Over the past two years, Tencent Health has continuously upgraded NGES based on user feedback in the healthcare industry, creating an all-encompassing platform for customer interaction within the healthcare sector. The platform consists of three layers, with the top layer featuring a new generation of interactive scenes deeply integrated into the Tencent ecosystem. Leveraging widely-used Tencent products in doctors’ daily lives, such as HCP WeChat, Official Accounts, applets, Tencent Meetings, among others, this layer serves as a bridge connecting pharmaceutical enterprises and healthcare professionals. Through bidirectional interactions with doctors via WeCom, pharmaceutical companies can efficiently advance their digital operations, including customer classification, meeting execution applications, new customer requests, speaker management, offline and online visits, medical inquiries, and collection of doctor perspectives, making academic promotion in healthcare more efficient.

The digitized mid-layer of the platform assists pharmaceutical companies in uniformly recording doctors’ identities and behaviors across different channels, generating high-quality comprehensive data. The data are then mined to create a tag system, offering insights into business operations. The accumulated data in the mid-layer are further analyzed and learned by the underlying medical big model through AI, enabling functions such as automated content generation and intelligent customer service.

Eisai Co., Ltd.is one of the first users  of NGES, and a partner providing extensive feedback and industry insights. Faced with continuous improvement suggestions, Zhang Yu and his team have tried to release multiple versions in a day to meet customer demands.. "The medical industry has a very strong demand for timeliness, especially in the face of digital transformation today. We hope that the platform architecture can, from bottom to top, output complete solutions, reduce delivery thresholds, and shorten project timelines. Of course, we are open and cooperative towards industry partners and welcome reliable collaborators to join this ecosystem, serving customers together and achieving accelerated innovation."

Three Distinct Features of Tencent NGES

Compared to similar digital tools, Tencent NGES boasts three major features.

Integrated All-Channel Marketing: Firstly, it integrates key modules such as CRM, Events, and MCM, completing all-channel marketing scenarios around doctors seamlessly. This integration breaks down data silos within enterprises, forming a unified and complete profile of doctors and representatives, thereby optimizing business operations. Notably, NGES helps address data fragmentation issues caused by using different systems during work, as reported by Eisai Co. Thanks to NGES, the operational maintenance, which previously involved four systems working in parallel, has now been streamlined to just one, leading to cost reduction and significant efficiency improvement.

Strong Social Attributes Based on Tencent Ecosystem: Secondly, NGES leverages the powerful social attributes of the Tencent ecosystem, enabling doctors to interact conveniently with sales representatives through popular applications like WeChat, Tencent Meeting, and applets. This natural fusion of daily communication and academic promotion enhances doctors’ enthusiasm for engagement, providing more diverse communication channels compared to traditional visits.

AI Empowerment from Tencent’s Large Model: Thirdly, NGES benefits from Tencent’s AI capabilities, making Tencent the only service provider in the pharmaceutical industry with self-developed large model capabilities. With the support of large models, more innovative methods can be proposed by enterprise managers, bringing about a revolution in the field of pharmaceutical marketing.

Tencent AI Empowering Innovative Healthcare Scenes

Not long ago, Tencent, in collaboration with the China Academy of Information and Communications Technology, released China’s first vector database standard. The vector database is a foundational component for training AI large models, signifying Tencent’s leading position in the industry. Zhang Yu mentioned that his team has explored the potential of products built with AI large models and listed several typical innovative scenes achieved by NGES through AI large models:

Personalized Material Generation: Through AI-driven interactive tools, NGES utilizes Tencent’s accumulated professional content in the medical industry, combined with compliant content from the enterprise’s material library, to achieve personalized material generation. In various scenarios, it completes professional Q&A, assists representatives in preparing topics and content before visits, and provides action recommendations. Eisai Co. revealed that the company is exploring the application of NGES’s AI technology to enable sales representatives to input different academic topics, allowing the backend to retrieve corresponding content from a vast amount of data, automatically filter and sort it before delivering refined academic presentation.

ASR Speech Recognition in Medical Conferences: In medical conferences, NGES utilizes Automatic Speech Recognition (ASR) technology to accurately convert speech into dialogic transcripts. After the conference, AI can quickly extract key information from the content, generate meeting summaries, offer questions and answers aimed at the meeting content, and even actively highlight compliance risks in the meeting content. Eisai Co. said that the audiences were afflicted with the regional accent of speakers during meetings, but now AI digital finds a way out.

Voice Recognition for Content Reporting: During meetings, NGES employs voice recognition technology to help sales representatives automatically fill in content, improving the efficiency of report submission and gather more valid data. Simultaneously, NGES collects authentic feedbacks from customers, quantifying sales representatives’ competences from multiple dimensions, such as academic capabilities, communication skills, and compliance performance. After a visit, NGES can quickly provide scores for sales representatives’ academic abilities, communication skills, and compliance performance, offering improvement suggestions to continually enhance sales capabilities.

Zhang Yu stated that Tencent Health has mapped out a well-defined plan for the future development of the NGES customer interaction management platform in three years to come. The goal for 2023 is to leverage Tencent’s experience and advantages in product design and user experience to create a product that pharmaceutical companies and doctors will love to use. By 2025, based on the accumulated real data, NGES will extend its empowerment from sales representatives to enterprise executives. Through big data analysis and mining, it will provide insights into business operations, optimize resource allocation and layout, and identify compliance and business risks to support high-quality decision-making.

Source : Zhang Yu with Tencent Health: AI-Driven Customer Interaction Solution NGES Effectively Supports Pharmaceutical Enterprises' Smart Operations

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SHANGHAI, Nov. 29, 2023 /PRNewswire/ — Ping An Health was recently honored with Japan’s Good Design Award, commonly known as the "The oriental Oscar Award of Design", for its outstanding innovation design and user-friendly design.

Recognized as one of the leading design awards worldwide and the most prestigious in Asia, the Japan Good Design Award bases its selections on key criteria including "Humanity", "Essence", "Creativity", "Charm", and "Ethics." Award recipients are celebrated for their innovation in design, offering solutions to common challenges when seeking medical services.

In line with this year’s theme, "The Power to Make Society Better," Ping An Health’s One Minute Clinic stands as a testament to human-centric design. This initiative is notably China’s first proprietary, commercially operated medical and healthcare intelligent terminal. Compact in design, the clinic spans less than 3 square meters, housing an advanced medicine cabinet and a private consultation space. The clinic harnesses Ping An’s AI-driven diagnostic and treatment capabilities, combined with cutting-edge voice recognition technology in healthcare. This setup seamlessly connects users to a vast network of approximately 50,000 internal and affiliated medical professionals, encompassing doctors, fitness experts, nutritionists, and mental health counselors across 22 departments. The One Minute Clinic epitomizes efficiency, offering a range of services from online consultations and prescription issuance to medication procurement, all in a singular, integrated platform.

As a result, the One Minute Clinic earned significant recognition and praise from several judges at the competition. They lauded its innovative design as a one-stop remote terminal, allowing patients to engage in medical consultations and purchase medications in a single, convenient location. Importantly, the platform is especially beneficial for residents in remote areas with limited resources, offering them new avenues for accessing healthcare services. This is made possible through effective collaborations with technology and healthcare providers.

Ping An Health remains committed to its patient-centered ethos, executing an innovative business model that integrates Managed Care, Family Doctor Membership Programs, and Online-to-Offline (O2O) Healthcare Services. Central to this model is the Family Doctor Membership, which orchestrates a seamless blend of online and offline services, bridging in-hospital and out-of-hospital care, and encompassing both medical treatment and overall health management. This approach culminates in a comprehensive, full-cycle service management system. Supported by a robust network of suppliers, advanced service structures, a variety of payment methods, and a strong ecosystem, Ping An Health is swiftly expanding into the corporate health management market. This expansion enables the provision of professional, high-quality, and comprehensive health management services tailored to meet the needs of corporate clients.

Committed to high-quality and sustainable growth, Ping An Health continues to drive innovation in healthcare. Leveraging scientific and technological advancements, coupled with creative design, the company focuses on consistently enhancing its offerings. This strategy aims to boost the efficiency and accessibility of healthcare services, addressing the diverse requirements of various population segments.

Source : Ping An Health Wins Good Design Award for Its Innovative Design

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Sustainability accounting, electric vehicles, battery tech and agritech key growth drivers

SINGAPORE, Nov. 29, 2023 /PRNewswire/ — As the landmark COP28 (28th United Nations Climate Change conference) kicks off this week, the development of climate tech to bring the region closer to the 2015 Paris Agreement targets is in the spotlight. Golden Gate Ventures, a venture capital (VC) fund in Southeast Asia (SEA) founded by Silicon Valley natives, and Venture East, one of India’s longest-standing VC firms, have co-authored "The Essence of Climate Tech for India and Southeast Asia" report.

The report dives deep into how economics, stakeholders, government policies and business models have aligned in recent years, culminating in a rare inflection point that will see key verticals in the climate tech sector grow dramatically along the sustainability road to 2030. In 2022, over US$70 billion was pumped into climate tech investments, nearly double 2021’s record total[1]. SEA and India net a humble 7 percent, but this is set to change dramatically in the next 5 years.

"We are witnessing an unprecedented moment in the history of climate tech. Every single government in SEA and India is doubling down on market-making policy shifts for the first time; key technologies like sustainability accounting, vertical farming, energy efficiency, and electric mobility will reach mainstream adoption in the next five years, and one-fifth of the world’s largest corporations with commitments to net-zero emissions are making impactful changes to their operations. We are on the threshold of a climate tech boom in SEA and India," said Michael Lints, Partner at Golden Gate Ventures. 

"This report gives investors and the startup community the ‘what’ and the ‘why’ of climate tech. From policies to players to the right climate tech propositions, this is literally a blueprint to succeed in the climate tech boom," said Rishika Madan, Investment Analyst at Venture East.

Cracking the Code for Sustainability Accounting

Across SEA and India, the strong regulatory momentum that started in 2019 has taken hold. Tougher requirements on sustainability accounting affect close to 5000 major corporations, creating huge opportunities in developing tools for measurement and reporting. Water, waste and carbon accounting are complex, data-driven areas where there is strong demand for more efficient technologies and services to enable corporations to measure more accurately and frequently.

The policy changes and gradual shifting to a uniform carbon trading system in SEA and India have started a positive chain reaction across the carbon market ecosystem. The total global carbon market is slightly over US$3 billion today and is estimated to grow to a whopping US$33 billion by 2030. Globally, offset demand today is US$1 billion and will grow to US$25 billion by 2030, with India and SEA accounting for US$10 billion[2].

New Opportunities in Electric Mobility and Battery Technology

Regulators across India and SEA are rolling out a range of both demand and supply-side incentives and increasing charging infrastructure with a clear goal of not only increasing adoption but making electric mobility mainstream. The electric vehicle market is disrupting the traditional automotive market, creating a more level playing field for new market entrants when it comes to the entire electric vehicle value chain – from parts production to battery technology. The report dives deep into the regulatory environment in each market in SEA and India, and the consumption patterns, bringing into focus immediate growth opportunities, including the development of the two-wheeler and light commercial vehicle categories. 

The demand for battery technology is rising in tandem with the growing electric vehicle market, with some bright spots for India and SEA. Global metal reserves are primarily concentrated in specific regions with India claiming the limelight as the second-largest aluminium producer in the world; Indonesia emerging as the world’s largest producer of nickel and the second-largest producer of cobalt; and Philippines contributing a growing proportion of the global cobalt supply.

With governments across SEA and India offering incentives to boost battery production and recycling, apart from materials mining, opportunities are emerging in the region for battery management software, materials extraction in batter recycling and second life applications.

Inefficiencies in SEA’s Agriculture Industry are Creating New Opportunities 

The climate discussion has put new pressures on agritech to be more efficient and for food security to increase in sophistication at speed – creating new areas for growth in the region.

Agriculture contributes approximately 10 per cent of the GDP in SEA but employs over 20 per cent of the population; agri-related emissions in the region have grown by a whopping 140 per cent in the last 50 years. The inefficiencies that are rife across the agriculture value chain in SEA are creating new opportunities in improving agricultural inputs to farmers, more environmentally efficient B2B market linkages for produce, and farm advisory services to adapt and even pre-empt climate change impact on output and resources.

Agricultural inputs, outputs and farm advisory services are estimated to be a US$50 billion underserved market in SEA alone based on 2022 estimations[3]. Policy tailwinds driving market access, improvements in agricultural productivity and adoption of more sophisticated technology will further propel SEA’s agritech sector.

"The underlying theme across the report is that the climate tech discussion has created a demand for greater sophistication in sustainability accounting, electric mobility and agritech – the green gold of India and Southeast Asia for the next decade," said Michael Lints.

Note: The following is the link to download a copy of "The Essence of Climate Tech for India and Southeast Asia" report: https://drive.google.com/file/d/1tWAph9XKxxTGn5KE2Tt7R-c1MH0tqgkA/view?usp=drivesdk 

About Golden Gate Ventures

Golden Gate Ventures is a global venture capital firm powering technology and innovation from Southeast Asia. Founded in 2011, Golden Gate Ventures combines the knowledge and experience of Silicon Valley with the passion and dynamism of Southeast Asia. For over a decade we’ve proudly backed some of the region’s most audacious founders and companies behind Southeast Asia’s incredible growth story, such as Carousell, Coda Payments, Carro, Xendit, Paper.id, Alodokter, Homage, Hijra, Rukita, and Locofy. We empower the audacious. For more information, visit goldengate.vc.

[1] https://www.holoniq.com/notes/2022-climate-tech-vc-funding-totals-70-1b-up-89-from-37-0b-in-2021

[2] Climate Tech: What and Why report, page 19

[3] Climate Tech: What and Why report, page 50

Source : Green Gold – India and Southeast Asia's Climate Tech Sector Projected to Hit $350 Billion by 2030: Report

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SURABAYA, Indonesia, Nov. 29, 2023 /PRNewswire/ — It is almost time until the end of year 2023 where new hopes and new opportunities wide open. Now that the world is ready for a total festivities, The Westin Surabaya and Four Points by Sheraton Surabaya, Pakuwon Indah are welcoming guests with the most exciting staycation experience for each member of the family, from Christmas holiday to New Year’s Eve party.

New Year’s Eve Celebration at The Westin Grand Ballroom & Convention Center, Surabaya

Splendid Staycation at West Surabaya’s Favorite Two Hotels in One Building

Two different packages are served to suit every personality. For guests looking for elegant and sophisticated 5-star luxury experiences, The Westin Surabaya presents a special room package, "New Year Escapades." Meanwhile, Four Points Pakuwon Indah offers a "New Year Stayover" room bundling package for those looking for a more sleek and contemporary staying experience. Every package in these properties consists of a 2 Days and 1 Night Room Bundling Package specially designed for guests with a stay passing December 31, 2023. Included in the packages are "Old & New" New Year Gala Dinner and Live Musical Show for two persons at East Java’s largest ballroom, The Westin Grand Ballroom & Convention Center.

"This year’s ‘Old & New’ New Year Gala Dinner brings broadway-themed live shows and a solo concert of Indonesian legendary diva, Vina Panduwinata. We are combining the parties into a night full of glitz and glam with legendary sing-along tunes, bubbly bottles and lavish buffet dinner at the ballroom," explained Tessa Zelyana as the Complex Marcomm Manager. Seraphim Orchestra will serenade the Broadway show with dazzling dance performances from Last Minute, continued with a special throwback-in-time with Vina Panduwinata. The diva will bring around 15 hit songs such as "Burung Camar", "Surat Cinta", and more. Finally, the night will end with a party-to-countdown session with Vinoqi Entertainment; an entertainment group consists of singers, band, and DJ.

Ring in the Christmas Holiday with Universal Studios’ Minions

What is festive holiday without the cheerful occasions for the little ones too? This year, The Westin Surabaya paints Christmas Holiday yellow with Universal Studios’ favorite character, Minions. Starting on December 16 – 31, every Saturday and Sunday, guests can enjoy a special themed of High Tea at Sky Lounge and Brunch at Magnolia Restaurant, while also meet and greet with the cheerful Minions characters.

Media Contact: 

Tessa Hidayat
[email protected] 

Source : From Christmas with Minions to New Year Party with Vina Panduwinata at The Westin Surabaya and Four Points Pakuwon

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Korean logistics company to pursue listing of Indian subsidiary, CJ Darcl on an overseas stock market, submitting pre-IPO review documents to Indian stock market regulator. Leverages relationship with customers and grows the multimodal capabilities with 187 branches across India as of March 31, 2023. INR 42,158.26m in revenue in FY 2023, with revenue growth rate of 14.52% in FY 2023 compared to FY 2022. High growth expected in line with growing importance of logistical competitiveness and "Make in India" initiative.

SEOUL, South Korea, Nov. 29, 2023 /PRNewswire/ — CJ Logistics Corporation ("CJ Logistics") is accelerating expansion into India, one of its key strategic countries. CJ Logistics’ Indian subsidiary CJ Darcl Logistics Limited ("CJ Darcl") plans to secure future investment capital through an initial public offering (IPO). 

CJ Logistics Initiates Overseas Stock Market Listing with IPO for Investment in Indian entity CJ Darcl

CJ Logistics announced that CJ Darcl had successfully submitted a pre-IPO review request to the Securities and Exchange Board of India (SEBI) under title Draft Red Herring Prospectus. 

CJ Logistics took a significant step into the Indian logistics market in 2017 when it acquired a 50% stake in Indian Entity Darcl Logistics Limited and consequently name changed to CJ Darcl Logistics Limited. As of March 31, 2023, CJ Darcl has 187 branches across India, providing comprehensive logistics services, including road, railway, and shipping/coastal transportation, warehousing and distribution (W&D), and project logistics, to more than 2,900 client companies.

CJ Darcl has a competitive edge in being able to offer multimodal services, which include nationwide land and railway transportation, that contribute to its growth. CJ Darcl achieved INR 42,158.26 million in revenue from operations for the year ended March 31, 2023, and INR 1,087.55 million in operating profit for 2022, reflecting an revenue growth rate of 14.52% in FY 2023 compared to FY 2022.

India, surpassing China, has become the world’s most populous country with approximately 1.43 billion people and continues to experience economic growth, achieving a growth rate of 7.2% last year, according to credit rating agency S&P Global Ratings.

The Indian government’s focus on promoting industry is also expected to have a favorable impact. The government has been promoting its "Make in India" policy to boost manufacturing, and as a result, competitiveness in the logistics industry is being recognized as a crucial factor. In line with this, the government also introduced the National Logistics Policy last year, demonstrating a strong commitment to improving the logistics landscape.

DISCLAIMER

CJ Darcl Logistics Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an initial public offering of its equity shares (the "Equity Shares"), and has filed a draft red herring prospectus dated September 27, 2023 (the "DRHP") with the Securities and Exchange Board of India ("SEBI") on September 28, 2023. The DRHP is available on the website of SEBI at www.sebi.gov.in and the website of the book running lead managers, i.e., ICICI Securities Limited, Axis Capital Limited and Mirae Asset Capital Markets (India) Private Limited at www.icicisecurities.com, www.axiscapital.co.in and https://cm.miraeasset.co.in/, respectively and the websites of BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively. Further, the DRHP is available on the website of CJ Darcl Logistics Limited at https://cjdarcl.com/investor-relations/.

Any potential investor should note that investment in Equity Shares involves a high degree of risk. Specific attention is drawn to "Risk Factors" on page 32 of the DRHP. Any decision to invest in Equity Shares described in the DRHP may be made only after the red herring prospectus has been filed with the Registrar of Companies, Delhi and Haryana ("RoC") and must be made solely on the basis of such RHP as there may be material changes from the DRHP to the RHP.

CRISIL Market Intelligence & Analytics (CRISIL MI&A), a division of CRISIL Limited (CRISIL) has taken due care and caution in preparing this report (Report) based on the Information obtained by CRISIL from sources which it considers reliable (Data). This Report is not a recommendation to invest / disinvest in any entity covered in the Report and no part of this Report should be construed as an expert advice or investment advice or any form of investment banking within the meaning of any law or regulation. Without limiting the generality of the foregoing, nothing in the Report is to be construed as CRISIL providing or intending to provide any services in jurisdictions where CRISIL does not have the necessary permission and/or registration to carry out its business activities in this regard. CJ Darcl Logistics Limited will be responsible for ensuring compliances and consequences of non-compliances for use of the Report or part thereof outside India. CRISIL MI&A operates independently of, and does not have access to information obtained by CRISIL Ratings Limited, which may, in their regular operations, obtain information of a confidential nature. The views expressed in this Report are that of CRISIL MI&A and not of CRISIL Ratings Limited. No part of this Report may be published/reproduced in any form without CRISIL’s prior written approval.

Source : CJ Logistics Initiates Overseas Stock Market Listing with IPO for Investment in Indian entity CJ Darcl

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BEIJING, Nov. 29, 2023 /PRNewswire/ — A news report from Beijing Review:

A duty-free shop at the China-Kazakhstan Khorgas International Border Cooperation Center on November 8 (JI JING)

Khorgas was once a busy passage used by traders traveling along the ancient Silk Road. As a border pass, it dates back more than 140 years. Today, it is one of China’s closest overland ports to Central Asia and Europe.

The Belt and Road Initiative, proposed by China 10 years ago with the aim of strengthening connectivity along and beyond the ancient Silk Road routes, has given the old port in Xinjiang Uygur Autonomous Region a modern makeover.

In Mongolian, Khorgas means a place where camels pass, and in the Kazak language, it means a place where wealth is accumulated. The area is home to a number of ethnic groups.

Since the first China-Europe freight train passed through Khorgas Railway Port in 2016, the number of such trains has increased from fewer than 700 to more than 7,000 last year, according to port data. Eighteen railway lines pass through the port to 18 countries, including Germany, Poland and Belgium, carrying more than 200 categories of cargo.

The exported products include electronic products, clothes and cars. Goods imported through the port include agricultural products and food.

Today, the border city’s increasingly convenient transportation and geographic location have attracted many people and businesses to accumulate wealth.

Russian food processing company Golden Katyusha set up shop in the city in 2016. The company has been included in the city’s comprehensive bonded zone since the zone’s establishment in 2020, becoming the first foreign company in the zone. The zone is a specially designated area under the supervision of Chinese customs and enjoys favorable tax policies. For instance, imported infrastructure materials and equipment are exempt from import duties and other related taxes.

The company imports raw materials such as flour and rapeseed oil from Novosibirsk, Russia, and processes them into noodles, cooking oil and biscuits.

Russian wheat flour and rapeseed oil are cheaper and known for their high quality, and are very popular with Chinese consumers, Iurii Basargin, the company’s general manager, told Beijing Review.

The relatively short distance between Novosibirsk and Khorgas and efficient customs procedures allow these materials to arrive in the zone within two days. This, combined with the favorable tax policies, makes Basargin confident about doing business in the city.

China approved setting up the China (Xinjiang) Pilot Free Trade Zone (FTZ) in a circular issued by the State Council, China’s cabinet, on October 31. The FTZ, the first in China’s northwestern border regions, officially started operations on November 1.

FTZs in China are a type of special economic zone. Goods can be imported, processed, manufactured and exported without direct customs intervention.

Each FTZ in China has a specific industrial and economic focus, with a different set of incentives designed to achieve its objectives. FTZ incentives and regulations are aligned with the ongoing policy priorities of the Chinese Government.

Khorgas is one of the three areas included in the Xinjiang Pilot FTZ. According to the circular, the FTZ, composed of parts of Urumqi (the regional capital), Khorgas and Kashgar (another border city), covers a total area of 179.66 square km and will focus on emerging industries, labor-intensive industries and the modern service industry.

The circular called for efforts to transform the zone into a demonstration model of high-quality development for the country’s central and western regions.

Yu Chengzhong, Chairman of Jin Yi Group, an agricultural products trade company in Khorgas, told Beijing Review that the FTZ is expected to boost its trade with Central Asia and Russia, as more convenient and faster trade means a fresher taste of fruits and vegetables.

"In Khorgas, we can feel the country opening up wider, and there are increasingly better policies and more opportunities for businesses," Yu said.

Comments to [email protected] 

Source : Old Xinjiang border pass gets contemporary restyling

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