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IFF and BASF Collaborate on the Virtual Pharma Assistant Platform ZoomLab™

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Collaboration brings acclaimed IFF products to BASF’s digital, predictive formulation platform

NEW YORK, Nov. 9, 2023 /PRNewswire/ — IFF and BASF today announced a collaboration between the Pharma Solutions divisions of both companies, to onboard IFF’s leading product brands in pharmaceutical excipients into BASF’s Virtual Pharma Assistant platform – ZoomLab™. The platform is a science-based digital tool designed to rapidly and accurately predict the best excipients needed for the development of new pharmaceutical formulations to help overcome formulation challenges.

The collaboration between IFF and BASF aligns with the companies’ shared values on customer-centricity and the goal to bring a seamless digital experience to more formulators worldwide. Powered by BASF’s proprietary algorithm, ZoomLab™ enables customers to predict advanced formulations based on the properties of their active ingredients and target dosage profiles. It also allows them to make customizations, offering a range of ingredients to choose from – including IFF’s renowned high-quality excipients. Customers will receive data-driven guidance in choosing the optimal formulation to suit their needs in minutes, saving them valuable time, resources, and costs in the early phases of formulation development while minimizing ingredient waste.

"At IFF, we apply a customer-centric approach to problem-solving throughout the drug development process," said Angela Strzelecki, president, Pharma Solutions, IFF. "We are committed to being the partner our customers can count on, and now – thanks to our exciting partnership with BASF on ZoomLab™ – we are helping even more customers innovate and overcome their formulation challenges. The addition of our renowned ingredients into this platform enhances the ability of ZoomLab™ to predict the best formulations and accelerates the launch of more innovative products across the global pharmaceutical market which will benefit manufacturers and patients around the world."

In the first phase of the collaboration, IFF’s leading binder technology – Avicel® microcrystalline cellulose (MCC) and super disintegrant Ac-Di-Sol® croscarmellose sodium will be available to users in ZoomLab™’s Excipient Database and throughout the various ZoomLab™ modules. Formulators and ZoomLab™ users will benefit through this broadened access to excipients to help solve their formulation challenges.

"Our partnership with IFF aligns well with our commitment to provide exceptional value to our customers through our digital Virtual Pharma Assistants. Including IFF products within ZoomLab™ underlines our ambition to continuously develop ZoomLab™ into the leading industry platform giving users access to a broad range of excipients and makes it even easier to create formulations quickly," said Jeffrey DeAlmeida, senior vice president, BASF Pharma Solutions and Nutrition & Health, Americas. "We will continue to deepen our collaboration on ZoomLab™ in the future including more content and features for users."

ZoomLab™ is a science-based digital tool that allows formulators to predict their next drug’s starting formulations and solve other formulation challenges. ZoomLab™ is available online. Learn more about ZoomLab™ on Virtual Pharma Assistants (basf.com).

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Welcome to IFF

At IFF (NYSE: IFF), an industry leader in food, beverage, health, biosciences and scent, science and creativity meet to create essential solutions for a better world – from global icons to unexpected innovations and experiences. With the beauty of art and the precision of science, we are an international collective of thinkers who partners with customers to bring scents, tastes, experiences, ingredients and solutions for products the world craves. Together, we will do more good for people and planet. Learn more at iff.com, X (Twitter) , FacebookInstagram, and LinkedIn.

©2023 International Flavors & Fragrances Inc. (IFF). IFF, the IFF Logo, and all trademarks and service marks denoted with TM, SM or ® are owned by IFF or affiliates of IFF unless otherwise noted. All Rights Reserved.

About BASF

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €87.3 billion in 2022. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.

Contact:
Lisa M. Miree-Luke
Global Communications Director, Pharma Solutions
+1 302-927-9234
[email protected] 

John Bell 
Global Communications Manager – Pharma Solutions (EN/OK)
+1 848-200-8874
John.bell@basf.com

Source : IFF and BASF Collaborate on the Virtual Pharma Assistant Platform ZoomLab™

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

A Closer Look at China-Indonesia Cooperation on Jakarta-Bandung HSR

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BEIJING, Nov. 9, 2023 /PRNewswire/ — A news report from China Report ASEAN:

On September 7, the Jakarta-Bandung High Speed Railway (Jakarta-Bandung HSR), jointly built by China and Indonesia, opened, cutting the travel time between the two Indonesian cities from 3.5 hours to 40 minutes. Commercial operation will start at the beginning of October.

Connecting Indonesia’s capital Jakarta and the fourth largest city Bandung, the high-speed railway stretches 142 kilometers with stops at four stations (Halim, Karawang, Padalarang, and Tegalluar) and a maximum speed of 350 km/h. It is the first overseas construction project to fully use Chinese railway systems, technology, and industrial components, and investment, construction, and operation are managed by PT Kereta Cepat Indonesia-China (KCIC), a joint venture between an Indonesian consortium of four state-owned companies and China Railway International Co., Ltd.  The railway is expected to greatly improve local transportation, boost development of industry along the route, and facilitate economic and social progress throughout the country.

On September 6, Chinese Premier Li Qiang inspected the Jakarta-Bandung HSR during his visit to Indonesia. After arriving at Halim Station, Premier Li listened to a report on the construction of the railway before taking the train to inspect Karawang Station. He noted that the Jakarta-Bandung HSR is Southeast Asia’s first high-speed railway and a flagship cooperation project between China and Indonesia under the Belt and Road Initiative (BRI). Chinese President Xi Jinping and Indonesian President Joko Widodo both tracked the progress of the project closely. The railway not only represents aspirations for improved living standards, but also serves as a successful example of the region’s developing countries working together to realize modernization.

Why High Speed Rail?

With over 10 million residents, Jakarta is the capital of Indonesia and the political and economic center of the country. Bandung is the provincial capital of West Java and the country’s fourth largest city with a population of about 2 million. Before the Jakarta-Bandung HSR, the railway connecting the two cities was over a hundred years old, so outdated that the train could only reach a speed of about 50 km/h, making the journey quite lengthy and uncomfortable for passengers.

The direct distance between the two cities is merely 100 kilometers, but people had to spend at least three hours on the train, which could stretch to four or five hours if the weather turned bad or a traffic problem emerged. The situation would turn even worse during major festivals such as Ramadan, when it often took an entire day to shuttle between Jakarta and Bandung.

"Infrastructure is a great leverage for human development," said Ridha Wirakusuah, Chief Executive Officer of Indonesia Investment Authority (INA). He suggested that improved infrastructure has been a major factor driving China’s radical development achievements and empowering it to become an economic power so quickly. 

In 2008, the Indonesian government first announced plans to build a high speed railway between Jakarta and Surabaya, the second largest city in the country. The entire route would stretch over 700 kilometers in total, and the Jakarta-Bandung HSR is the first leg of the project to be completed. 

In November 2014, Indonesian President Joko Widodo was invited to experience the Beijing-Tianjin Intercity Railway and was impressed by the speed, safety, and comfort of China’s high-speed railway. "Indonesia will build its own high-speed railway," said Widodo, after which cooperation between China and Indonesia on the construction of Jakarta-Bandung HSR officially commenced. 

Why China?  

When Xie Feng, now China’s Vice Minister of Foreign Affairs, served as Chinese ambassador to Indonesia, he revealed in an interview that Japan also bid on the project. In 2011, Japan submitted a feasibility plan for the Jakarta-Bandung HSR. 

According to Indonesia’s National Medium Term Development Plan 2015-2019, the country planned to enhance construction of large infrastructure across 12 fields within five years. However, the country’s budget could not fund everything planned, so Indonesia’s state-owned enterprises as well as foreign and domestic private companies were encouraged to participate.

During the bidding for the Jakarta-Bandung HSR project, the Indonesian government hired the independent international consulting organization Boston Consulting Group to evaluate the Chinese and Japanese plans to guarantee fairness and impartiality in bidding. Indonesian President Joko Widodo expressed hope that the railway would become a business-to-business project instead of a government-to government activity. "The railway should not strain the budget or cause financial stress on the country, and the design should include as many Indonesian characteristics as possible," he said.

In April 2015, China sent engineers to Indonesia to survey the natural conditions for the construction of the railway. They realized that the regions along the line were covered with tropical rainforests and sparsely populated but abundant in dangerous insects and animals. And natural hazards such as volcanoes, landslides, and reservoir bank caving presented daunting geological obstacles. Wearing masks, gripping walking sticks and lugging 20 kilograms of instruments, the Chinese engineers traveled more than 300 kilometers and survived several earthquakes to produce a feasibility report of more than 400 pages before the deadline.

The plan China proposed fully recognized and respected Indonesia’s request to "not use state budget and not give any sovereign guarantee." China promised in its final proposal to "facilitate Indonesia’s local production, use locally produced raw materials, machines and equipment, and create as many jobs as possible by hiring Indonesian workers, technicians, and managers." China also agreed to transfer its technologies to support the long term development of Indonesia’s railway industry.

On March 26, 2015, Indonesian President Joko Widodo visited China and signed a memorandum of understanding (MOU) on China Indonesia cooperation on Jakarta-Bandung HSR. On April 22, Chinese President Xi Jinping visited Indonesia and signed a framework document on the implementation of the Jakarta-Bandung HSR. On August 19, China submitted a feasibility report on the Jakarta-Bandung HSR. On September 2, China won the project and became the builder of the first high-speed railway in Indonesia and Southeast Asia. 

The KCIC was established in 2015 right after Indonesia officially chose China to build the railway. Indonesian companies together hold a 60 percent stake in KCIC and the Chinese partner holds the remaining 40 percent stake, which guaranteed Indonesia’s control of the project. 

On January 21, 2016, a groundbreaking ceremony for Jakarta-Bandung HSR was held at Walini Station, marking the official commencement of construction.

Overcoming Obstacles

The Jakarta-Bandung HSR was originally scheduled to open on May 31, 2019, but construction fell behind due to a series of difficulties. 

The first was land acquisition. Since the land needed for construction was all on densely populated Java, land ownership involved various entities such as state-owned enterprises, private enterprises, and individuals. Relevant parties conducted long and tedious discussions on specific compensation, which held up construction of the railway. 

Another problem was the complex geological environment along the line. According to China State Railway Group Co., Ltd. (China Railway), the Jakarta-Bandung HSR is located at the intersection of the Eurasian plate, the Pacific plate, and the Indian Ocean plate, which makes the region especially prone to earthquakes and volcanic eruptions. Therefore, the engineering team spent considerable time collecting large-scale geological maps and satellite images of the region to mark major geological issues such as volcanoes, fault zones, and potential landslides and carrying out detailed on-site geological mapping to analyze the causes and changing rules of regional subsidence and other unfavorable geological characteristics. These efforts provided technical support for the railway to bypass regions with bad geological conditions. 

Railways in Indonesia are more vulnerable than any in China to problems such as earthquakes and lightning, so engineers upgraded the technologies for the HSR. According to construction participants, the trains tailored for the railway adopted intelligent sensing technology and were equipped with an earthquake monitoring and warning system. 

The train design of the Jakarta Bandung HSR also incorporated local cultural and religious characteristics.  The train carriages offer prayer rooms, and demonstrate strong and distinctive Indonesian features in appearance and interior design. The trains are decorated with traditional Indonesian batik patterns and painted in silver and red, reminiscent of the Indonesian national flag. Red polygonal patterns symbolizing "auspicious clouds" were spray-painted on the noses of the trains as well as the joints between train carriages, imitating the skin texture of the Komodo dragon, the national animal of Indonesia.  Because of the special colors and shapes, the trains were dubbed "Red Komodo" by the Indonesian people. 

According to China Railway statistics, a total of 45,000 Indonesian employees have been trained since construction of the Jakarta-Bandung HSR began. Many attended formal training institutions, some learned as apprentices from senior Chinese technicians, and others received on-site training. The project helped train many local workers in multiple fields including welding, electronics, machinery, and concrete pouring, and created a total of 51,000 jobs for Indonesia.

In November 2022, in the presence of the leaders of China and Indonesia, the Jakarta-Bandung HSR was opened for trial operation, and the various indicators and parameters were all within normal range, determining that the first trial operation attained a complete success. On September 7, 2023, the Jakarta-Bandung HSR was officially put into operation, marking Indonesia’s entry into the high-speed railway era as well as a landmark achievement of the China-Indonesia cooperation under the BRI.

Calling the high-speed railway a road to integration, openness, and shared prosperity, Premier Li Qiang said that it will not only shorten the time and space distance between cities, but also promote the optimization and upgrading of industrial structure and empower economic development along the route. He said that China is willing to share experience with Indonesia on harnessing the potential of high-speed rail to develop industries and cities. 

Paulus Rudolf Yuniarto is a Jakarta based scholar who works as a researcher at the Indonesia National Research and Innovation Agency (BRIN). He called the positive impact of the Jakarta-Bandung HSR obvious because it cuts travel time between the two cities, making the travel more efficient and comfortable. "The advanced technologies adopted by the railway will effectively improve urban transportation by alleviating traffic pressure, improving traffic efficiency, and providing environmentally friendly means of transport," said Yuniarto. "I am looking forward to taking the train and experiencing its speed and performance first-hand."

Source : A Closer Look at China-Indonesia Cooperation on Jakarta-Bandung HSR

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

Tencent Cloud and Digital Edge Join Forces to Revolutionize Connectivity in Indonesia

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JAKARTA, Indonesia, Nov. 9, 2023 /PRNewswire/ — Tencent Cloud today announced its collaboration with Digital Edge, a trusted and forward-looking data center platform company, to improve connectivity via integration with the Edge Peering Internet Exchange (EPIX) at EDGE1 data center in Jakarta, operated by PT Ekagrata Data Gemilang ("EDGE DC"). This strategic joint effort enables Tencent Cloud to directly access the EPIX platform, facilitating seamless and efficient data exchange. By joining forces with Digital Edge, Tencent Cloud demonstrates its commitment to fostering connectivity and strengthening digital infrastructure in emerging markets, including Indonesia.

EPIX is an exceptional carrier-neutral Internet exchange that offers ultra-high-speed connectivity, powered by a robust, redundant network platform. It serves as a valuable tool for all peering participants, including Carriers, ISPs, Content Providers, and Enterprises, facilitating swift and cost-effective exchange of IP traffic. Whether the goal is to optimize network performance, enhance redundancy, or reduce operational costs, EPIX stands as the ideal platform to connect with the global network.

Tencent Cloud’s entry as one of the pioneering cloud service providers to join EPIX in Jakarta highlights its strong confidence in the Indonesian cloud market. With a robust global infrastructure network spanning 26 geographic areas and 70 availability zones, including two data centers in Jakarta, Indonesia, Tencent Cloud offers over 400 technologies and connectivity solutions to support enterprise-grade digital transformation. By establishing local data centers, Tencent Cloud brings its services closer to customers and users, reducing data access delays and accelerating digital transformation for businesses and organizations throughout the country, in compliance with regulatory requirements and provides additional disaster recovery options across the Asia-Pacific region.

Jimmy Chen, Vice President of Tencent Cloud International and Managing Director of Southeast Asia, said, "We are pleased to further establish ourselves as a major international cloud services provider, hand-in-hand with EPIX in Jakarta. This achievement is a testament to our 20+ years of experience in technological innovation and our robust infrastructure foundation. By establishing this connection, we are taking a significant step towards promoting connectivity in emerging markets and driving the advancement of digital infrastructure. We are genuinely excited about the vast opportunities this collaboration presents and remain fully committed to accelerating the digital transformation across diverse industries in Indonesia."

Jonathan Chou, Chief Product Officer of Digital Edge, said, "Digital Edge is committed to offering diverse connectivity options to our colocation customers, including providing internet exchanges to enable peering and foster a thriving digital ecosystem within our data centers. Through working with leading cloud services providers such as Tencent Cloud, we are able to further our mission to bridge the digital divide and bolster digital infrastructure across Asia’s fast-growing markets, including Indonesia."

About Tencent Cloud
Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.

Source : Tencent Cloud and Digital Edge Join Forces to Revolutionize Connectivity in Indonesia

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

China Unicom and Huawei Help Exquisite Automotive Deploy a Commercial 5G-Advanced Flexible Production Line

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Observers watch industrial robots working based on instructions wirelessly transmitted at high speeds via 5G-Advanced indoor base stations

BAODING, China, Nov. 9, 2023 /PRNewswire/ — Recently, China Unicom and Huawei began to help the Baoding Automation Technology Branch of Exquisite Automotive Systems Co., Ltd. ("EA") deploy a commercial 5G-Advanced flexible production line that features ultra-high reliability and ultra-low latency.

At Great Wall Motor’s factory in Baoding, Hebei, 5G-Advanced equipment is being used in the car roof production line. Traditional industrial control relies on wired networks to realize the serial connection and control of terminal equipment. However, after a certain period of operations, wire abrasion in mobile application scenarios, such as robot arms, slide units, and swiveling tables, often results in production interruptions, causing an average of about 60 hours of downtime a year.

5G-Advanced networks provide ultra-high reliability and ultra-low latency, making them the perfect choice for high-end core manufacturing processes that require high response speeds. Wireless industrial networks can completely eliminate the constraints of wires. Compared to wired networks, the 5G-Advanced solution facilitates easier network deployment and can better support flexible manufacturing. 5G-Advanced networks also boost efficiency by integrating multiple functions, such as data collection (IT) and industrial control (OT) functions that are provided by two separate private lines in wired networks.


Observers watch industrial robots working based on instructions wirelessly transmitted at high speeds via 5G-Advanced indoor base stations

Located in Baoding, Hebei, EA is a subsidiary of Great Wall Motor Co., Ltd. (GWM), and has an annual turnover of more than CNY2 billion. EA is responsible for the development of intelligent equipment and the design and integration of automated production lines for GWM and other auto companies.

At the press conference, Yuan Zhanjiang, Deputy General Manager of EA’s Industry Intelligence Department, stated, "Digitalization is a must for the transformation and upgrade of manufacturing enterprises. 5G-Advanced features ultra-high reliability, low latency, and easy deployment. These features have been verified in EA’s 5G-Advanced industrial Internet lab, and will soon start supporting our commercial production lines. We will seize the opportunity presented by enterprise transformation and upgrade, and leverage digital technologies to continually improve our smart manufacturing capabilities, and contribute to the transformation and upgrade of GWM and the wider manufacturing industry."


Yuan Zhanjiang, Deputy General Manager of EA’s Industry Intelligence Department, speaking at the press conference

Today, many countries view industrial digital transformation as a new driver of economic growth. Therefore, they are striving to make manufacturing increasingly digital, connected, and intelligent. Digital operation capabilities are now a must for manufacturing enterprises, and flexible smart manufacturing is continuously gaining traction.


Fan Ji’an, Chief Big Data Scientist of China Unicom, speaking at the press conference

Fan Ji’an, Chief Big Data Scientist of China Unicom, pointed out that China Unicom is accelerating the construction of digital infrastructure and deepening integrated innovation in digital technologies. Fan said. "Powered by 5G-Advanced, industrial applications are moving from auxiliary production to core production systems. We are seeing more typical 5G-Advanced applications appear in key scenarios, further driving the manufacturing industry to go digital."

China Unicom believes that 5G-Advanced applications can create greater value for enterprises. "We are willing to work with all sectors to create new momentum for innovation, and promote high-quality development by integrating the digital and real economies," Fan continued.

The global industry is actively promoting the development of 5G-Advanced. During the Global Mobile Broadband Forum that concluded last month, 13 global operators, including China Unicom, jointly launched the first wave of 5G-Advanced networks, marking the transition of 5G-Advanced from technical verification to commercial deployment. 2024 will mark the first year of 5G-Advanced’s commercial use.

Source : China Unicom and Huawei Help Exquisite Automotive Deploy a Commercial 5G-Advanced Flexible Production Line

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

China-ASEAN Integration Thrives on Shared Cultural Ties and Mutual Benefits

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BEIJING, Nov. 9, 2023 /PRNewswire/ — A news report from China Report ASEAN:

China’s Belt and Road Initiative is now in its tenth year. Practical experience has shown that the countries that comprise the Association of Southeast Asian Nations (ASEAN) make up a favorable region for Chinese entrepreneurs to expand their overseas endeavors, a region that has the potential to evolve into a model area for the BRI.

From a geographical perspective, China and ASEAN share adjacent maritime territories. Throughout history, from the era of Emperor Wu of the Han Dynasty to the voyages of the Ming Dynasty’s seafarer Zheng He, Chinese merchants have explored the maritime routes of Southeast Asia. Singapore, Malaysia, Indonesia, the Philippines, and Brunei all share a common time zone and their strategically advantageous geographical locations, well-developed transportation networks by sea, land, and air collectively serve as China’s southern gateway to the world. Furthermore, Vietnam, Laos, Myanmar, Thailand, and Cambodia are connected to the China’s southwest inland regions via the Pan-Asia Railway Network.

There are approximately 50 million overseas Chinese and Chinese expatriates worldwide, with approximately 78 percent residing in ASEAN countries. These individuals maintain Chinese traditions, sharing common roots and language. They have not only adapted to foreign lands for generations but have also integrated with both Western and Eastern cultures and economies. They possess in-depth knowledge of the technological, cultural, legal, and economic aspects of ASEAN countries, as well as China’s cultural, economic, and institutional landscapes. This shared heritage, customs, and linguistic affinity make them the most likely and well-versed partners for Chinese entrepreneurs venturing abroad, rendering ASEAN countries the natural choice for Chinese overseas expansion.

In terms of economic structure, China, as a developing nation, boasts a diverse industrial landscape and enormous scale. Currently, it is the world’s largest developing nation and the leading global player in merchandise trade. China’s new products, technologies, and business models have the potential to stimulate development in developing and less-developed ASEAN countries. Through the business activities promoted by the BRI, which encourage mutual engagement and collaboration, China can facilitate the partial transfer of its industries and elevate the scale of industries in ASEAN. This reflects the international division of labor and resource allocation inherent in large-scale production. The strong demand from ASEAN underscores this need. As of July 2023, China had established over 6,500 direct investment enterprises in ASEAN, with the cumulative bilateral investment exceeding $380 billion.

In terms of demand, China boasts the world’s largest and most diversified manufacturing sector, necessitating substantial production input. The ASEAN countries, on the other hand, possess abundant natural and societal resources, capable of cost-effectively supplying the raw materials and semi-finished products required by China’s manufacturing sector. By the end of 2022, bilateral trade between China and ASEAN had reached $975.34 billion, a 12-fold increase over two decades. China has maintained its position as ASEAN’s largest trading partner for 14 consecutive years, while ASEAN has been China’s top trading partner for three consecutive years. China not only offers access to a vast consumer market but also provides world-class infrastructure and digital economic development, enabling ASEAN countries to rapidly improve their infrastructure and business environments, fostering sustainable economic growth.

In terms of resources, the involvement of ASEAN’s 10 nations, along with China in international free trade agreements like ASEAN 10+1, ASEAN 10+3, and the Asia-Pacific RCEP 10+5, emphasizes the active cooperation of all these nations. This cooperation integrates resources, leverages individual strengths, addresses weaknesses, and optimizes international resource allocation. It facilitates the effective alignment of regional supply chains, industrial chains, and value chains, enabling shared development, negotiation, and collaboration. This synergy is transforming the Asia-Pacific region into the world’s most economically dynamic area. On one hand, China supports ASEAN’s development through technology, solutions, and financial aid. On the other hand, ASEAN provides support to China’s structural adjustments and supply-side reforms through high-quality resources such as raw materials.

In summary, ASEAN’s development relies on China’s economic engine, while China’s development necessitates resource alignment with ASEAN. Their harmonious integration, interaction, and mutual benefit make them a perfect match.

The article is from Dr. Albert Chen Yongquan. Dr. Albert Chen Yongquan is the president of Asia Pacific Economic Review.

Source : China-ASEAN Integration Thrives on Shared Cultural Ties and Mutual Benefits

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

Xinhua Silk Road: N. China's Suning thrives with e-commerce

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BEIJING, Nov. 9, 2023 /PRNewswire/ — In recent years, Suning County in north China’s Hebei Province has vigorously implemented the strategy of developing through e-commerce, with open platforms gathering momentum, cross-border logistics extending in all directions, and the e-commerce ecology becoming increasingly complete. The county has become a hot spot for e-commerce and Internet celebrities.

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So far, Suning has more than 40,000 registered online stores, directly and indirectly creating jobs for more than 80,000 people, and the sales revenue has exceeded 15 billion yuan (about 2.06 billion U.S. dollars). 

The county’s economy is making steady progress towards the goal of prosperity for its people and economic growth for the county.

Original link: https://en.imsilkroad.com/p/337025.html

Source : Xinhua Silk Road: N. China's Suning thrives with e-commerce

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Taiwan's Local Brand HI TAO KE Unveils Lunar New Year Gift Boxes, Targets Festive Gift Market

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PINGTUNG, Nov. 9, 2023 /PRNewswire/ — In this festive season, finding the perfect gift to convey heartfelt sentiments can be quite a challenge. However, Taiwan’s local brand HI TAO KE, a brand of Rong Hong Daily Groceries Ltd., has set out to be a savior for people, making this task much easier! HI TAO KE has thoughtfully curated a selection of nearly 50 items, allowing customers to customize their gift choices according to their preferences. What’s even more appealing is their price range, ranging from 499 to 1299 Taiwanese dollars, all elegantly packaged in large gift boxes., 

But where does the story of HI TAO KE begin?

"HI TAO KE" is a well-established local brand with a 40-year history deeply rooted in Taiwan’s Xiao Liuqiu. Initially, they specialized in selling refreshing beverages, but over time, they transformed into an online e-commerce brand. Throughout this journey, HI TAO KE has consistently embodied the spirit of the coastal people of Xiao Liuqiu. They source all their ingredients and seafood from local fishermen, ensuring the use of the freshest produce. Their dedication to hand-picking high-quality seafood is evident in their range of seafood snacks and various souvenirs, all brimming with deep affection for Xiao Liuqiu. Their four decades of refined craftsmanship not only reflect their commitment to quality but also convey heartfelt gratitude to their esteemed customers. The old shop continues to uphold the principles of being ‘affordable, delicious, and high-quality.’ This is why customers can’t stop praising their products after trying them.

When it comes to gift-giving, making a positive first impression while bringing joy to the recipient’s heart is essential. HI TAO KE ensures that their Lunar New Year gift boxes will not disappoint this year. With orders pouring in from Taiwan, Hong Kong, and various locations worldwide, HI TAO KE‘s Lunar New Year gift offerings are certain to leave a lasting impression that satisfies both the giver and the recipient.

For more information, visit HI TAO KE’s official website at https://www.wuguidong6.com/ and explore their blog at https://www.wuguidong6.com/pages/blog to delve deeper into this proud Taiwanese local brand. Don’t miss the opportunity to give your loved ones a special gift this Lunar New Year!

Source : Taiwan's Local Brand HI TAO KE Unveils Lunar New Year Gift Boxes, Targets Festive Gift Market

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

China National Sports Group and Singapore's White Group Sign China-Singapore International Sports Industry Strategic Cooperation

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China National Sports Group and Singapore

BEIJING, Nov. 9, 2023 /PRNewswire/ — China National Sports Group and Singapore’s White Group have formally signed a strategic partnership agreement to collaborate on various aspects, while jointly launching the "Sino-Singapore International Sports Industry Fund". The initial size of the fund stands at RMB 2 billion, which will be leveraged for acquiring the rights of top-tier international sporting events and constructing the "Sino-Singapore International Sports City" in the Guangdong–Hong Kong–Macao Greater Bay Area.


China National Sports Group and Singapore’s White Group formally signed a strategic partnership agreement at the Beijing Sports Center.

The signing ceremony was held at the Beijing Sports Center, attended by Gu Haoning, Secretary of the Party Committee and Chairman of China National Sports Group, Peh Chin Hua, Executive Chairman and President of White Group, Wei Weige, Deputy Secretary of the Party Committee and Vice President of China National Sports Group, Qiu Qiangsheng, Vice President of China National Sports Group, Wei Shengfan, General Manager of Chinese Tennis Sports of Beijing; and members of White Group.

Considering top-level sporting events and top-quality venues as core resources of the sports industry, China is committed to ramping up its investments in these crucial sectors. Operating under the General Administration of Sport as a state-owned enterprise with shareholders including the Chinese Olympic Committee, China National Sports Group has aggregated resources to establish this investment fund with White Group that will be eventually expanded to RMB 6 billion, with White Group contributing RMB 4.2 billion and China National Sports Group contributing RMB 1.8 billion.

Both parties will work together to create a closed-loop business model in which sporting events help to increase the popularity of venues, while content drives the utilization and design of physical spaces. The collaboration will also extend to the development of sports training, the management of star athletes, platforms for digital sporting events, e-sports research and operations, sports data research, and sports rehabilitation and training programs, among others.

Mr. Gu Haoning said: "China’s sports industry has embarked on a remarkable journey over the past few decades, evolving from a less significant position to one of strength and importance. In recent years, attention at the national level combined with supportive policies have created an unprecedented focus on the sports industry. Meanwhile, Singapore’s government and relevant investment firms have maintained an optimistic outlook on China’s long-term economic growth and are seeking opportunities to expand their investments in the country. The trade relationship between China and Singapore is characterized by mutual synergies, open communication between governments and businesses, and a strong willingness to collaborate. Leveraging mutual trust and market compatibilities, China National Sports Group and White Group are joining hands to drive the development of the sports industry. This collaboration marks an exciting step toward the future."

Mr. Peh Chin Hua said: "We are deeply honored to have the opportunity to join forces with China National Sports Group, and we look forward to achieving remarkable milestones in the world of sports. Collaboratively, we will acquire the rights to and operate some of the world’s most prestigious international sporting events. In this fortunate collaboration between our two nations, we are thrilled to join forces to support the international sports industry, fostering its steady and healthy development, and making a positive contribution to global peace in our interconnected world."

The strategic cooperation between China National Sports Group and White Group marks a new chapter in the international sports industry, not only opening doors to further cooperation within the sports sector, but also representing a significant opportunity to strengthen the bond of friendship between China and Singapore, with sports as a unifying link.

 

Source : China National Sports Group and Singapore's White Group Sign China-Singapore International Sports Industry Strategic Cooperation

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