BEIJING, Nov. 7, 2023 /PRNewswire/ — Executives of many multinational companies have expressed their confidence in the Chinese market and vowed to further expand their businesses in the country, as they explore opportunities at the ongoing China International Import Expo (CIIE) in Shanghai.

As the world faces profound economic challenges and risks, China’s vast market and persistent opening-up offer great opportunities for businesses from around the world, several global business leaders from a wide range of countries and fields such as chips and healthcare told the Global Times on Monday.

Meanwhile, Chinese officials said that the CIIE is a vivid example of China’s opening-up efforts and its move to expand cooperation and share development opportunities with the world, noting the country will continue to further open up its market.

This year’s CIIE has attracted more than 280 Global Fortune 500 companies and industry leaders, a record number since the expo was first held in 2018. Highlighting great importance that global businesses attach to the expo, top executives, including CEOs, of many multinational companies also attended the event in person.

After the opening ceremony on Sunday, the CIIE also organized a tour of the expo for global business leaders, and more than 160 executives from nearly 100 multinational companies from 18 countries participated. Many executives spoke highly of the CIIE’s role in boosting cooperation as well as the broader Chinese market.

"The world economy is facing unprecedented challenges and requires the impetus for recovery. China has consistently adhered to the fundamental national policy of opening up to the outside world and has remained committed to the correct direction of economic globalization," Brice-Audren Riché, CEO of Lesaffre, a global fermentation giant headquartered in France, told the Global Times on Monday.

Riché said that China continues to strive to cooperate with the world and make its market a global opportunity, and the CIIE serves as an international platform for sharing these opportunities. "As a multinational enterprise, Lesaffre has experienced the benefits of this opportunity and is confident in increasing investment in China."

Many multinationals have become what some describe as "hardcore fans" of the CIIE, having attended all the editions of the expo, which they say is a platform not only for inking business deals but also for getting first-hand information about new market trends and innovations.

Noting that L’Oréal is one of such hardcore fans of the CIIE, Fabrice Megarbane, president of L’Oréal North Asia and CEO of L’Oréal China, said that the expo allows industry leaders to work together with smaller companies. "We have been here since Day One and we’ve been increasing our presence," Megarbane told the Global Times on Monday.

Many global businesses in fields such as chips that have been in the crosshairs of the US’ intensifying technological crackdown against China are also actively participating in the CIIE to stay in the Chinese market.

"The annual CIIE has continued to demonstrate China’s long-term resolve to foster an open and cooperative market environment, and the spirit of openness embodied by the CIIE is consistent with ASML’s pursuit of open cooperation," Shen Bo, senior vice president of ASML and president of ASML China, told the Global Times.

Continuous opening-up

The enthusiasm of multinationals at the CIIE underscored the rising attractiveness of the Chinese market for global businesses, thanks to its steady economic recovery, continuous opening-up and improving business environment, despite rising protectionism and geopolitical tension around the world, business leaders said.

"We’ve seen China emerge quite positively post-COVID, with strong links on health and well-being," Miles Hurrell, CEO of New Zealand-based dairy producer Fonterra, told the Global Times on Monday. "This is my fourth visit to China this year, and on every one of these I continue to see innovation to the fore … The range of products, the number of customers here really highlight the role China plays in the international market for me."

While China’s economy has been facing serious downward pressure, it has also been rebounding steadily. In the third quarter, China’s GDP expanded 4.9 percent year-on-year, beating some forecasts. While challenges and risks remain, China’s economy is expected to meet the annual growth target of around 5 percent, which will make it one of the fastest-growing major economies.

"The Chinese market has maintained stable growth over the past few decades. Despite the complex global situation in recent years, the Chinese economy has remained stable. It can be said that China is an important country leading the global economic recovery and a market in which multinational companies are eager to participate deeply," Riché said.

Such positive sentiment about the Chinese market is also shared by many foreign businesses, according to a survey released on Monday. The survey, conducted by HSBC, showed that 87 percent of foreign companies surveyed said that they would expand their businesses in China thanks to the economic recovery.

In addition to the economic recovery, China’s opening-up and other efforts to improve the business environment for foreign enterprises have also helped boost global businesses’ confidence in the Chinese market.

Zhang Xiao, senior vice president and president of Greater China of Varian, a US-based healthcare firm, highlighted China’s emphasis on advancing high-standard opening-up and continuing to make economic globalization more open, inclusive, balanced and beneficial to all. "We fully agree with and actively support this, and it also strengthens Varian’s confidence in continued investment and development in China," Zhang told the Global Times in an interview last week

At a routine press conference on Monday, Wang Wenbin, spokesperson of the Chinese Foreign Ministry, said China will continue to promote opening-up with greater market opportunities, better integration of rules, greater innovation momentum and greater inclusiveness and sharing.

Source : Global business leaders at CIIE eye expansion in China market

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BEIJING, Nov. 7, 2023 /PRNewswire/ — A Report From GLOBAL TIMES ONLINE:

The "Travelogue of China" media exchange activity held in north China’s Hebei Province and Tianjin Municipality concluded on Oct. 28, 2023.

Over the course of five days, 14 journalists from 13 countries, including Argentina and Brazil, were invited to witness China’s endeavors in building a green China and the remarkable achievements in the coordinated development of the Beijing-Tianjin-Hebei region.

In Tianjin, the journalists visited a smart container terminal with zero carbon emissions in Tianjin Port, the Jizhou mine site ecological restoration project, and other projects that highlight China’s strong commitment to developing its digital economy while also prioritizing green development.

"I’m impressed by the terminal’s remarkable speed of construction, the application of AI and unmanned operation technologies. It’s a true testament to China’s advancements in the field," expressed Leticia Martinez, a journalist from Argentina.

Journalists participating in the "Travelogue of China" media exchange activity pose for a group photo in Tianjin Port.

After exploring the Jizhou mine site ecological restoration project, Liliana Padilla Guerrero, a journalist from Mexico, expressed her admiration for China’s advanced technologies and their potential to benefit her own country, which also relies on mining for development.

Foreign journalists attend a symposium during their visit to the Jizhou mine site ecological restoration project.

The journalists were impressed by China’s trendy and innovative robots when they visited the Tangshan Robot Experience and Exhibition Center in Tangshan city of Hebei Province.

"I’m particularly impressed by the firefighting robots and robots designed to remind elderly people to take medications. China’s technological progress and development in the field of robotics are truly noteworthy," said Martinez.

Journalists take pictures of a robot that can stir-fry food at the Tangshan Robot Experience and Exhibition Center.

The foreign journalists also explored Tianjin’s local specialty food, folk culture, and other cultural elements.

Aliana Abadi, a journalist from Venezuela, learns to to make jianbing guozi, or pancake with crispy fried dough sheet, in Tianjin.

They had a captivating experience during their visit to the Tianjin Folk Museum, fully immersing themselves in a cultural tour and embracing the unique charm of the city.

Juliano Dip Lencioni, a Brazilianjournalist, learns to wave Zhongfan, or flagpole.

The "Travelogue of China" media exchange activity kicked off in May 2023. It was guided by the Cyberspace Administration of China and co-hosted by the China Public Diplomacy Association (CPDA) and Global Times Online (huanqiu.com).

Source : "Travelogue of China" media exchange activity concludes

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Antech to offer UK veterinary professionals a complete and flexible diagnostics portfolio spanning reference labs, in-house diagnostics, imaging and software

WARWICK, England, 7 Nov. 2023 /PRNewswire/ — Antech, the full-service veterinary diagnostics business that is part of the Science & Diagnostics division of Mars Petcare, today announced the opening of a new UK veterinary diagnostics laboratory in Warwick on 15 November. This expands Antech’s UK lab network, which also includes Southfields Veterinary Specialists Diagnostic Laboratory and the Dick White Referrals Diagnostic Laboratory.

Antech launches first comprehensive veterinary diagnostics offering in the UK, including a new state-of-the-art reference laboratory

Antech, a trusted partner in delivering veterinary diagnostics for more than 35 years, brings to the UK a complete portfolio that spans reference laboratory services, in-house diagnostics, comprehensive imaging and technology solutions, advanced telemedicine services and innovative rapid diagnostics.

Antech’s UK offerings will include KeyScreen™, a DNA-based GI parasite screening solution and the most advanced in veterinary medicine; AIS RapidRead™, the fastest, most accurate rapid imaging technology that enables diagnosis in under ten minutes; and coming soon, Nu.Q®, a breakthrough innovation that measures nucleosomes to screen and monitor for canine cancer.

Nefertiti Greene, President, Mars Science & Diagnostics said: "At Mars Science & Diagnostics we are focused on enabling pets to live their healthiest lives through science, data and technology. We are continuing to bring this vision to life by establishing a full-service veterinary diagnostics offering in the UK, which spans reference labs, in-house diagnostics, imaging and software solutions. Our aim is to help UK veterinary care teams achieve the best pet health outcomes, in support of our purpose: A BETTER WORLD FOR PETS™."  

Dr. Christian M. Leutenegger, Vice President of Research and Development at Antech said: "Excellence in diagnostics enables vets to decide the best treatment approach for pets. We have brought innovative technologies and solutions backed by scientific rigour and data-driven insights to veterinary professionals for more than 35 years. We are excited to establish this new reference lab in the UK and, for the first-time, support veterinarians throughout the country with our full-service offering and most advanced technologies."

Find out more at the London Vet Show 

To mark its UK launch, Antech will be at the London Vet Show 16-17 November, 2023.

Veterinary teams will have the opportunity to hear firsthand from Antech’s experts, including head of clinical pathology Dr Butty Villiers and head of anatomic pathology Dr Rachel Pittaway, about the latest innovations and diagnostics developments, with an exciting programme of live educational sessions – from unravelling haemostasis testing to uncovering the "twist in the tail" with urine problems.

Antech invites attendees of the London Vet Show to find out more about their offering – and pick up a free backpack – by visiting them at stand G10.

Alternatively, more information can be found on the Antech website: http://antechdiagnostics.co.uk 

About Mars Science & Diagnostics  

Mars Science & Diagnostics is a division of Mars Petcare, a diverse business dedicated to one purpose: A BETTER WORLD FOR PETS™. Science & Diagnostics brings together the power of leading pet health science with expertise across diagnostics, data, and technology to improve outcomes in pet health. Our veterinary diagnostics businesses include Antech, Heska, scil and SYNLAB Vet and our offering spans in-house diagnostic laboratory instruments and consumables, including rapid assay diagnostic products and digital cytology services; local and cloud-based data services; practice information management software and related software and support; reference laboratories; veterinary imaging and technology; education; and telemedicine with board-certified specialist support services. Our at-home diagnostics offering includes Whistle with smart devices to monitor pet health and Wisdom Panel, the world’s most accurate pet DNA test. For 60 years, our Waltham Petcare Science Institute has been advancing science to better understand pet health.

Visit us at http://antechdiagnostics.co.uk. Follow us on Instagram,  LinkedIn, and Facebook.

Source : Antech launches first comprehensive veterinary diagnostics offering in the UK, including a new state-of-the-art reference laboratory

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Fine-grained basalt tool is 51.3cm long and likely more than 200,000 years old Appears to be the world’s largest ‘hand axe’ dating to the Lower-Middle Palaeolithic period Royal Commission for AlUla’s research teams are continuing to unlock ancient mysteries

ALULA, Saudi Arabia, Nov. 7, 2023 /PRNewswire/ — A team of researchers working in AlUla, north-west Saudi Arabia, has discovered what is likely to be the largest stone ‘hand axe’ artefact found anywhere in the world. Initial field assessment suggests that this giant artefact dates to the Lower-Middle Palaeolithic period and is over 200,000 years old.

Hand Axe In Situ – Qurh Plain AlUla

The hand axe was discovered by an international team of archaeologists working with The Royal Commission for AlUla (RCU), directed by Dr Ömer ‘Can’ Aksoy and Dr Gizem Kahraman Aksoy of TEOS Heritage. The team has been surveying a desert landscape to the south of AlUla, called the Qurh Plain, looking for evidence of human activity in antiquity.

The team has already been successful in discovering archaeological artefacts showing this forbidding land supported a vibrant community from the early Islamic period, and now the discovery of this rare and unique object promises to write a new chapter of human history in Arabia and beyond.

Made of fine-grained basalt, the stone tool measures 51.3cm long and has been worked on both sides to produce a robust tool with useable cutting or chopping edges. At this stage a function can only be guessed, but despite its size the tool fits comfortably in two hands.

The survey is still ongoing, and this find is only one of more than a dozen similar, though somewhat smaller, Palaeolithic hand axes that it has discovered. It is hoped that further scientific research will reveal more details about the origins and function of these objects and the people who made them, hundreds of thousands of years ago.

Dr Ömer Aksoy, Project Director, said: "This hand axe is one of the most important finds from our ongoing survey of the Qurh Plain. This amazing stone tool is more than a half a meter long (length: 51.3 cm, width: 9.5 cm, thickness: 5.7 cm) and is the largest example of a series of stone tools discovered on the site. An ongoing search for comparisons from across the world has not come up with a hand axe of equal size. As such this may well be one of the largest hand axes ever discovered."

In addition to this Qurh Plain Survey, RCU currently oversees 11 other archaeological specialist projects conducting fieldwork in AlUla and nearby Khaybar. This ambitious research programme is being conducted with the aim to further unlock the mysteries of antiquity in this region. This extraordinary discovery highlights how much there is still to learn about the human history of Saudi Arabia.

Archaeology is a vital element in RCU’s comprehensive regeneration of AlUla County as a leading global destination for cultural and natural heritage.

The 12 archaeological missions underway during the fall 2023 season, from October to December, constitute one of the world’s largest concentrations of archaeological research and conservation. The work will continue with additional missions planned in winter and spring 2024.

The fall 2023 season boasts a remarkable international gathering of more than 200 archaeologists and related cultural heritage specialists, representing experts from countries including Australia, France, Germany, Italy, the Netherlands, Saudi Arabia, Switzerland, Syria, Tunisia, Turkey and the UK. Many of the projects are a continuation of ongoing research, which has involved the training and mentoring of more than 100 archaeology students from Saudi Arabia.

In September, the inaugural AlUla World Archaeology Summit showcased AlUla’s position as a hub of archaeological activity. The summit attracted more than 300 delegates from 39 countries and generated interdisciplinary conversations with the goal of connecting archaeology to wider communities. 

About the Royal Commission for AlUla

The Royal Commission for AlUla (RCU) was established by royal decree in July 2017 to preserve and develop AlUla, a region of outstanding natural and cultural significance in north-west Saudi Arabia. RCU’s long-term plan outlines a responsible, sustainable, and sensitive approach to urban and economic development that preserves the area’s natural and historic heritage while establishing AlUla as a desirable location to live, work, and visit. This encompasses a broad range of initiatives across archaeology, tourism, culture, education, and the arts, reflecting a commitment to meeting the economic diversification, local community empowerment, and heritage preservation priorities of the Kingdom of Saudi Arabia’s Vision 2030 programme.

About TEOS Heritage

Based in Izmir, Turkey, Teos is an independent heritage consultancy specialising in Western Asia. TEOS provides archaeological and architectural advice and guidance, along with a wide range of heritage assessment work and site surveys. Its particular skills are in archaeological fieldwork, recording of heritage sites, preparation of reports and publications, and heritage management strategies.

Dr Omer Aksoy and Giulia Edmond Measuring the Hand Axe

Observing the Hand Axe via Magnifying Lamp

Three Hand Axe Artefacts from Qurh Plain AlUla

Source : GIANT STONE 'HAND AXE' DISCOVERED IN ALULA SET TO REWRITE ANCIENT HISTORY OF THE REGION

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STOCKHOLM, Nov. 7, 2023 /PRNewswire/ — July–September 2023

Net sales increased by 1 percent to SEK 7,265m (7,196). Gross profit increased by 3 percent to SEK 2,433m (2,361). EBITDA rose by 5 percent to SEK 848m (808). Adjusted EBITDA1 increased by 5 percent to SEK 943m (901). Profit after tax for the quarter was SEK 46m (-4,765). Basic earnings per share were SEK 0.05 (-5.69) and diluted earnings per share were SEK 0.05 (-5.69). Cash flow from operating activities was SEK 862m (727).

January–September 2023

Net sales increased by 4 percent to SEK 21,213m (20,361). Gross profit increased by 10 percent to SEK 7,015m (6,394). EBITDA rose by 14 percent to SEK 2,256m (1,984). Adjusted EBITDA1 increased by 22 percent to SEK 2,642m (2,165). The loss after tax for the period was SEK -102m (-4,717). Basic earnings per share were SEK -0.12 (-5.81) and diluted earnings per share were SEK -0.12 (-5.81). Cash flow from operating activities was SEK 1,061m (1,535).

"With stable margins and strong cash flow, we can again turn our focus towards growth ."
                                        – Laurinda Pang, CEO

Significant events during the quarter

Sinch was named as a leader in the first-ever Gartner Magic Quadrant for CPaaS. Sinch MessageMedia announced that two-way SMS capabilities have been integrated with Zoho Desk and the HubSpot Service Hub. Sinch partnered with the American Automobile Association to develop a new service that makes it possible for AAA members in need of road assistance to use satellite connections for chat services when they are out of cellular range. Sinch launched a new product for Elastic SIP Trunking that is now available in an open beta version. A complement to existing Sinch voice services, the product allows business customers to easily buy flexible voice capacity via sinch.com.

Significant events earlier this year

On January 12, 2023, credit facilities of SEK 6,500m and USD 110m were extended by one year. The new maturity date is February 2026. Sinch launched "Operator Connect for Partners" on 23 March, which makes it possible for service providers and other partners to offer voice calling services via Microsoft Teams. It was announced on May 25 that Sinch was named a leader in IDC MarketScape for CPaaS. The cost reduction program that was announced in mid-2022 achieved the announced reduction targets in Q2 2023.

Significant events after the end of the quarter

Sinch announced a new operating model to accelerate its organic growth. The new model increases the focus on customers, unlocks cross- and upselling, and leverages the company’s global scale in Product and R&D. Implementation of the new model implies thorough integration of multiple acquired entities into joint organizations so that efficiency gains and cost synergies can be reinvested into initiatives that drive growth. See the press release for more information.

1) Adjusted EBITDA is reported to clarify performance in underlying operations. See Note 2.

Invitation to webcast and phone conference

Sinch will present the interim report in a webcast and phone conference on Tuesday, 7 November 2023 at 14:00 CET. Watch the presentation at investors.sinch.com/webcast.

To participate via phone conference, register using the following link: https://conference.financialhearings.com/teleconference/?id=2001051.
After you register, you will be given a phone number and conference ID to log into the conference.

For additional information, please contact:

Ola Elmeland, Investor Relations
+46 72 143 34 59
[email protected]

Thomas Heath, Chief Strategy Officer and Head of Investor Relations
+46 72 245 50 55
[email protected]

Roshan Saldanha, Chief Financial Officer
+46 73 660 24 19
[email protected]

About Sinch

Sinch helps businesses engage with their customers through cloud services for customer communications. More than 150,000 customers, including many of the biggest tech companies in the world, use the Sinch Customer Communications Cloud and the secure and reliable Sinch Supernet for messaging, voice calls and email. Sinch has delivered profitable growth since the company was founded in 2008. The company is headquartered in Stockholm, Sweden and its stock is traded on Nasdaq Stockholm: XSTO:SINCH.

CONTACT:

Ola Elmeland
Investor Relations
Directorinvestors@sinch.com

The following files are available for download:

https://mb.cision.com/Main/22250/3870450/2411261.pdf

Sinch_2023Q3_ENG

Source : Sinch AB Interim report, January-September 2023

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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

LENZING, Austria, Nov. 7, 2023 /PRNewswire/ — A strong commitment to achieving textile circularity, forging industry partnerships, and realizing value chain innovation are infused in Lenzing and the TENCEL™ brand’s strategic DNA. This year, the company continued to introduce exciting collaborations and initiatives, launching innovative products and creating added value for supply chain partners.

Incorporating TENCEL™ branded fibers, Japanese denim mill Kaihara and Lenzing have elevated their long-standing partnership this year, developing several innovative denim garments with finishing technology by Jeanologia. The capsule collection showcases Kaihara’s craftsmanship and the versatility of TENCEL™ fibers in high-end denim fashion worldwide.

Lenzing and Kentaur also launched a collection of uniforms for culinary professions. These innovative uniforms are made from a blend of 50% TENCEL™ branded lyocell fibers with REFIBRA™ technology and 50% recycled polyester, to give textile waste a second life while maintaining a high level of quality and comfort.

Regarding fibers, Lenzing has extended the REFIBRA™ technology to LENZING™ ECOVERO™ branded viscose fibers with 20% of recycled content, and announced the expansion of the production of their EU Ecolabel certified[1] responsible viscose fibers at Lenzing’s Purwakarta site in Indonesia. The site will also produce LENZING™ ECOVERO™ black specialty fibers by the end of 2023.

To address the industry’s increasing supply chain complexities, Lenzing partnered with supply chain solutions company project44™ to pioneer a real-time ocean shipment tracker that aims to enhance the transparency of the global fiber supply chain through greater carbon emission visibility. The tracker empowers Lenzing’s customers with accurate real-time insights on fiber orders, supporting Lenzing’s commitment to digital transformation and supply chain transparency in textiles and nonwovens. 

The launch of the pilot "Start with the Original" campaign in China strives to enhance awareness of the correct usage of trademarks to safeguard industry partners and consumers. Harold Weghorst, Global Vice President of Marketing & Branding, Lenzing AG reaffirmed the education and training initiatives of the campaign that will help sustain a healthy business environment in the domestic ecosystem.

Shedding light on transparency, Caroline Ledl, Head of Global Product and Application Management at Lenzing AG, echoed Lenzing’s on-going commitment to drive systemic change and advance low-impact business practices throughout the whole value chain.

To learn more about the latest developments from TENCEL™, visit TENCEL.com.

[1] EU Ecolabel for textile products (license no. AT/016/001)

Source : Lenzing Advances Circularity Through Strategic Industry Partnerships and Value Chain Innovation

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HANOI, Vietnam, Nov. 7, 2023 /PRNewswire/ — coocaa, the top-selling brand on Vietnam’s e-commerce platform, has celebrated a great success, truly realized Top Tech Meets Life. In September, its 55-inch smart TV achieved outstanding sales and setting a record, surpassing 2,000 units on its debut day. Similarly, the coocaa Big Screen 70C9 Google TV, available since September, has also achieved sales surpassing 500 units. These impressive milestones underline the profound trust and appreciation Vietnamese consumers have for the coocaa brand and its products. Guided by the mission "Top Tech Meets Life," coocaa remains dedicated to enhancing people’s lives through convenient and comfortable technological advancements.

With the 11.11 event approaching, coocaa warmly extends an invitation to consumers to experience the exclusive allure of its large-screen televisions. For those purchasing the 70-inch theater-like 70C9 TV, an incredible year-round lowest price, equivalent to that of a 55-inch TV, awaits. Alongside this special offer, consumers can enjoy various perks. These include discounts of up to 60% and an abundance of giveaways such as floor cleaners, juicers, Bluetooth earphones, and more. However, these giveaways are limited in quantity and will be given on a first-come, first-served basis. Moreover, coocaa offers a range of other exciting TV options for consumers to explore, including models like the 55S3U PRO and 55Y72, each showcasing exceptional performance and design, making them ideal choices for family entertainment.

coocaa TV——55Y72 PRO & 70C9（Top Tech Meets Life）

The 55S3U Pro, coocaa’s flagship product, presents the industry’s lowest price for a 55-inch TV. Equipped with far-field voice control, rapid response, and a remarkable 97% voice recognition rate, it seamlessly integrates convenience into daily life, affirming coocaa’s commitment to pioneering technology for an enriched lifestyle. Meanwhile, the 70C9 delivers an ultimate audiovisual experience, providing a theater-like effect right at home. With its expansive 70-inch screen, it offers the experience of immersing yourself in thrilling action movies, making you feel like you’re part of the scenes. The combination of Dolby Vision and HDR 10+ , can entirely immerse yourself in every sequence of the film. More please visit: https://bit.ly/3soutPB

Aligned with the brand’s promotional strategy of "Top Tech Meets Life," coocaa consistently offers the public televisions that represent unparalleled value, ensuring everyone can relish the convenience that technology brings. This dedication mirrors coocaa’s unwavering commitment to providing high-quality, cost-effective televisions, incorporating cutting-edge technology to enrich daily life.

Source : Top Tech Meets Life—-Technology brand coocaa makes it easy for families to enjoy high-quality life

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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