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Geekplus transforms SME logistics with robotics, driving profitability and achieving 99.9987% order accuracy at YesAsia

HONG KONG, Jan. 22, 2025 /PRNewswire/ — Geekplus, a global leader in mobile robotics and automation solutions, continues to demonstrate how small and medium-sized enterprises (SMEs) can achieve greater operational efficiency and profitability. YesAsia, a leading e-commerce platform specializing in Asian beauty and lifestyle products, faced increasing e-commerce demand and labor challenges. In response, they partnered with Geekplus to implement the Shelf-to-Person System, which has driven substantial improvements in warehouse efficiency, order accuracy, and cost savings over the past two years.

YesAsia Geekplus Performance Factsheet
YesAsia Geekplus Performance Factsheet

A recent survey conducted by Geekplus, aimed at assessing the impact of these automation solutions on YesAsia’s operational team, revealed extraordinary results:

  • 100% Positive Feedback: All respondents indicated measurable improvements across all areas of operation, including order fulfillment and labor efficiency.
  • 99.9987% Picking Accuracy: YesAsia’s order fulfillment process now operates with near-perfect precision, ensuring customers receive exactly what they ordered.
  • 65% Reduction in Manual Workloads: Automation has drastically reduced manual workload on repetitive tasks, enabling staff to focus on higher-value tasks and improving overall productivity.
  • Above-expectation performance: YesAsia’s operational team indicated that the performance in key categories such as AMR and Solutions, Labor, and Order Fulfillment not only met but exceeded expectations, demonstrating the transformative impact of Geekplus’ technology.

These operational improvements have contributed not only to enhanced day-to-day functions but also to financial growth. The survey findings underscore the powerful role of automation in enabling SMEs to scale efficiently while maintaining high levels of customer satisfaction. As a result of this success, YesAsia plans to expand its investment in Geekplus automation solutions with the opening of a second smart warehouse at the Mapletree Logistics Hub in Tsing Yi in 2025.

Kevin Guo, VP Head of APAC Region at Geekplus, said, “The ability for SMEs to leverage automation without huge upfront costs is critical. Our solutions empower businesses like YesAsia to scale and compete efficiently in a crowded market.” YesAsia’s story is a powerful example of how robotics can transform SME logistics, enabling them to compete with larger enterprises.

About Geekplus

Geekplus is a global leader in mobile robotics technologies, providing innovative warehouse automation solutions that enhance operational efficiency, scalability, and flexibility. With over 770 global industry leaders relying on Geekplus, the company is at the forefront of transforming logistics operations worldwide. Founded in 2015, Geekplus has over 900 employees, with offices in the United States, Germany, the United Kingdom, Japan, South Korea, Mainland China, Hong Kong SAR, and Singapore.

About YesAsia

YesAsia is a leading e-commerce platform known for delivering high-quality Asian lifestyle products to customers globally. Recognized for its extensive catalog and reliable shipping services, YesAsia has built a strong reputation in the international market.

Media Contact

Wensy Lee
Marketing Manager, APAC
Geekplus
Email: wensy.lee@geekplus.com

 

YesAsia Geekplus Survey
YesAsia Geekplus Survey

Laos Assesses Over LAK 6 Trillion in Damages from 2024 Natural Disasters

Laos Assesses Over LAK 6 Trillion in Damages from 2024 Natural Disasters

On 21 January, the National Disaster Management Committee estimated that the cost of damages caused by monsoon flooding and landslides in 2024 exceeded LAK 6 trillion (USD 276.3 million).  

Supported by the Luxembourg Government, The Luxembourg House of Financial Technology (LHoFT) and the Asian Development Bank (ADB) Announce the 2nd Edition of Catapult | SE Asia 2025

Fintechs with impact backed by Government Initiative

LUXEMBOURG, Jan. 22, 2025 /PRNewswire/ — The Luxembourg House of Financial Technology (LHoFT) announces the second edition of Catapult: Inclusion Southeast Asia, an acceleration program dedicated to advancing financial inclusion across the ASEAN region. In partnership with the Asian Development Bank (ADB), this year’s program will take place at the 5th Asia Finance Forum in April 2025, highlighting Luxembourg’s commitment to fostering innovation and sustainable development in emerging markets.

Supported by the Luxembourg Government, The Luxembourg House of Financial Technology  (LHoFT) and the Asian Development Bank (ADB) Announce the 2nd Edition of Catapult | SE Asia 2025  Fintechs with impact backed by Government Initiative!
Supported by the Luxembourg Government, The Luxembourg House of Financial Technology (LHoFT) and the Asian Development Bank (ADB) Announce the 2nd Edition of Catapult | SE Asia 2025 Fintechs with impact backed by Government Initiative!

Building on Success: A New Chapter for Financial Inclusion

The second edition of Catapult: Inclusion Southeast Asia will convene fifteen of ASEAN’s most promising fintech startups, selected for their innovative solutions addressing financial accessibility challenges in their regions. The program will kick off in Manila, Philippines, from April 7 to 11, 2025, with a dynamic agenda of workshops, networking events, and mentoring sessions. The journey continues in Luxembourg from June 16 to 20, 2025, offering participants the unique opportunity to integrate into the global financial ecosystem.

“Catapult Southeast Asia: a must on the calendar of any startup looking to scale and make a significant impact. The program opened our eyes about the potential of our business in growing not only within our country but also creating more impact to the entire region.” says Vincent Roy Mendoza,  CEO Farmvocacy from the Philippines, one of the standout Fintechs awarded in the inaugural cohort in 2024.

Luxembourg’s Leadership in Financial Inclusion

For over a decade, Luxembourg has been at the forefront of sustainable finance, allocating 1% of its Gross National Income (GNI) to Official Development Assistance (ODA) and hosting most of the world’s microfinance investment vehicles. The Catapult program builds on this commitment, with over 100 fintechs from emerging markets in Africa and Asia having already participated in its previous editions.

A Partnership to Drive Transformative Impact

The collaboration with the Asian Development Bank (ADB) represents a significant advancement in enhancing the influence and effectiveness of Catapult: Inclusion Southeast Asia. With ADB’s extensive expertise in fostering social and economic development across Asia and the Pacific and the LHoFT Foundation’s global network and fintech innovation platform, the partnership is uniquely positioned to empower startups. Together, the initiative aspires to boost scalable solutions that address pressing financial inclusion challenges, driving meaningful and sustainable change across Southeast Asian communities.

ADB plays a vital role in regional development by utilizing loans, grants, and technical assistance to foster inclusive growth and eliminate poverty in a region where 263 million people survive on less than $1.90 a day. Its collaborative strategy—mobilizing financial resources and facilitating policy discussions—perfectly aligns with the LHoFT Foundation’s goal of creating inclusive financial ecosystems.

Christine Engstrom, Senior Director Finance Sectors Group at ADB, stated, “The Asian Development Bank is proud to continue collaborating with LHoFT whose efforts have been pivotal in fostering fintech innovation and creating inclusive financial systems.  We are committed to empowering fintech startups and fostering sustainable growth in the region through initiatives like Catapult: Inclusion Southeast Asia.  We want to recognize the significant contributions of the Luxembourg Ministry of Finance, whose unwavering support for the Financial Sector Development Partnership Special Fund has been instrumental in driving financial inclusion and innovation across Southeast Asia.” 

The LHoFT Foundation, a public-private partnership based in Luxembourg, promotes fintech innovation by linking global startups with talent, expertise, and market opportunities. Its collaborative efforts with governments, regulators, and financial institutions cultivate an environment conducive to advancing financial inclusion worldwide. Together, ADB and LHoFT create a powerful synergy in this program, driving impactful solutions for underserved communities.

LHoFT CEO, Nasir Zubairi, expressed, “Catapult: Financial Inclusion Southeast Asia has demonstrated the power of fintech to bridge markets and foster sustainable growth. This program underscores Luxembourg’s commitment to being a pivotal hub for global financial innovation and inclusion.”

A Program Designed for Growth and Collaboration

The 2025 edition will include tailored workshops, pitch sessions, and mentorship led by industry experts from the financial services, microfinance, and fintech sectors. The program offers unique access to crucial resources and networks, allowing startups to enhance their solutions, attract investment, and build strategic partnerships.

Catapult: Inclusion Southeast Asia not only strengthens fintech ecosystems within ASEAN but also connects them with Europe. By fostering cross-regional collaboration, the program provides the platform for impactful, scalable financial technology initiatives that address the diverse needs of underserved populations.

APPLY by February 23, 2025 to be part of the 2nd Cohort.

The LHoFT and the ADB invite fintech startups that are actively advancing financial inclusion in Southeast Asia. Eligible companies must demonstrate a commitment to serving underserved and unbanked populations by providing them with access to innovative financial products and services. Eligible sectors include AgriTech, InsurTech, Digital Payments, Microfinance, Green Finance, RegTech, and more.

Applicants should be based in or active within Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, or Vietnam. Companies must be incorporated or registered, with a business stage ranging from MVP or prototype to generating revenues with paying users. Funding stages from pre-seed to Series B are accepted.

Follow us on LinkedIn for updates throughout the program:
www.linkedin.com/company/the-lhoft 

Application and Eligibility

Fintech startups focused on sectors such as AgriTech, InsurTech, Digital Payments, Microfinance, Green Finance, and more, are encouraged to apply. The program is open to companies based or active in Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.

Apply by February 23, 2025: https://shorturl.at/PFMkB

Learn More about the program:  https://lhoft.com/catapult-inclusion-southeast-asia-2025/

Read about last year’s edition: https://lhoft.com/insights/catapult-inclusion-southeast-asia-concludes/

About the LHoFT Foundation

The LHoFT Foundation is a public-private sector initiative that drives technology innovation for Luxembourg’s financial services industry, connecting the domestic and international fintech community to develop solutions that shape the world of tomorrow. The LHoFT Foundation offers an innovation platform that provides fintech startups with access to talent, expertise, funding, and market opportunities. The LHoFT Foundation also works with government agencies, regulators, and industry associations to foster a supportive and inclusive fintech ecosystem in Luxembourg.

For more information, please visit: https://lhoft.com/   

For more details, contact us at info@lhoft.lu  

Follow us on Twitter: @The_LHOFT

Follow us on LinkedIn: www.linkedin.com/company/the-lhoft

About the Asian Development Bank (ADB)

The Asian Development Bank (ADB) is a regional bank that envisions a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty in the region. Despite the region’s many successes, it remains home to a large share of the world’s poor: 263 million living on less than $1.90 a day and 1.1 billion on less than $3.20 a day.

ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development. ADB maximizes the development impact of its assistance by facilitating policy dialogues, providing advisory services, and mobilizing financial resources through co-financing operations that tap official, commercial, and export credit sources.

For more information, please visit: https://www.adb.org/

Yaber Celebrates a Joyful Start to 2025 with T2 Projector and Google Pixel 9 Giveaway

HONG KONG, Jan. 22, 2025 /PRNewswire/ — Yaber, a prominent name in the entertainment projector industry, has teamed up with 9to5Google and Google to mark the start of 2025 with an exclusive giveaway. This collaboration features the Google Pixel 9 and Yaber T2 projector, offering customers a unique opportunity to experience cutting-edge technology from two innovative brands.

Yaber celebrates 2025 with T2 projector and Google Pixel 9 giveaway
Yaber celebrates 2025 with T2 projector and Google Pixel 9 giveaway

Yaber has gained recognition in the entertainment projector market for its innovative designs and premium features. In 2024, it launched the K3 home theater and T2 outdoor portable series, both acclaimed for winning prestigious honors, including MUSE, American, and French design awards, as well as the Visual Grand Prix (VGP) award, alongside their JBL audio integration. At CES 2025, Yaber introduced the K300s, the world’s most compact ultra-short throw laser projector, earning a CES 2025 Innovation Award and Best of CES 2025 recognition from media outlets like Android Authority, Stuff, Trusted Reviews, and Yanko Design.

Enter now to participate in the giveaway on 9to5Google:

  • Sign up by entering your name and email.
  • Share the giveaway and follow Yaber on Facebook and Twitter to boost your chances.

Entries close on February 16, 2025. 

About Yaber 

Founded in 2018, Yaber redefined home entertainment by introducing the world’s first entertainment projector, pioneering a new category in the industry. Today, its innovative projectors have delivered immersive experiences to users in over 120 countries, making Yaber a trusted name in global home entertainment.

The letter “Y” in Yaber embodies the youthful vigor and innovative spirit of Generation Y. It’s not just a symbol, but a unique representation of youth identity and attitude towards life, infusing the brand with rich cultural connotations of youthfulness within simplicity. 

Committed to excellence, Yaber has been pushing the boundaries of audiovisual innovation, crafting projectors that inspire richer, more vibrant lifestyles. Its achievements are recognied with prestigious accolades, including the Red Dot, IDEA, VGP, and CES Innovation Awards.

For the latest updates, visit www.yaber.com as Yaber continues to redefine excellence in entertainment.

JelloX Aims to Improve Patient-Centered Care with AI-powered 3D Digital Pathology

First shared at a recent Japanese Society of Digital Pathology meeting, the company is forging a global alliance with a leading US medical institution and other organizations to harness technology for better patient care and outcomes in oncology.

TAIPEI, Jan. 22, 2025 /PRNewswire/ — JelloX Biotech Inc., a Taiwan-based startup focused on cancer pathology, is unveiling its vision for AI and 3D digital pathology to advance patient-centered care. The vision was first detailed publicly by Dr. Yen-Yin Lin, CEO of JelloX, during the August 2024 Annual Meeting of the Japanese Society of Digital Pathology. JelloX continues to distinguish itself as an early adopter of AI and 3D imaging applied to cancer pathology.

“Technological advancements and the recent surge in AI have reshaped the future of healthcare, enabling the extraction of valuable insights that will have real benefits for patients,” shared Dr. Lin. “3D pathology can offer at least 50 times more information than conventional 2D methods, providing pathologists with a more comprehensive understanding of a tumor’s biology. The power of such a diagnostic tool lies in its ability to help pathologists stratify and personalize, matching the right patients with the right treatment at the right time. This ultimately leads to better prognosis, quality of life, and more patient-centered care.”

Improving patient-centered care with technology

JelloX has previously estimated that 40% of cancer patients can benefit from AI-analyzed 3D imaging for pathology by expanding feasibility of treatment options like immunotherapy. Due to the complexity of cancer and variability between cases, these technologies hold significant promise for oncology, particularly in addressing the challenge of limited information from conventional methods. With the increased sampling rate via 3D imaging analyzed by AI, pathologists have more actionable insights regarding the tumor, assisting them in making a wholistic diagnosis.

Patients who were previously excluded from immunotherapy due to undetected biomarker expressions, resulting from the limitations of current techniques, may now have a renewed opportunity. With its improved sensitivity, 3D pathology can not only identify cases previously classified as “false negatives” but also enable early cancer detection. This allows for earlier treatment initiation, leading to an improved quality of life for patients.

For healthcare providers, this means matching the right patients to the right drugs at the right time. For patients, more precision for diagnosis, treatment, and timing means lowered risk of misdiagnosis, minimized patient costs, and better prognosis—ultimately to more patient-centered care and better quality of life.

A visionary new platform

Dr. Lin continued: “The fight against cancer is not a one-on-one battle, so partnerships are crucial to accomplish this. JelloX has embraced collaboration across countries and industries to build an AI-powered 3D pathology platform together.”

In collaboration with a leading US medical center and other partners, JelloX is developing a platform that can address multiple pain points for patients and the healthcare industry. The platform will leverage JelloX’s software, MetaLite®, which recently received 510(k) clearance from the US Food and Drug Administration.

In addition to the benefits for patients, an AI-powered 3D pathology platform that continuously grows could greatly accelerate biomarker research and benefit the healthcare industry. Over time, the platform could continue to grow more precise at cancer diagnosis as it learns from sample biomarkers paired with anonymized patient outcome data. Also, as the platform finds novel biomarkers, it could facilitate development of new technologies and their commercialization.

About JelloX Biotech Inc.

Based in Hsinchu, Taiwan, JelloX Biotech Inc. is a startup which focus on advancing cancer pathology through 3D digital imaging and AI technology. 

For more information, please visit: https://jellox.com/en/home/

Samsung Biologics reports fourth quarter and fiscal year 2024 financial results

  • Recorded Q4’24 consolidated revenue of KRW 1.26 trillion
  • Recorded FY’24 consolidated revenue of KRW 4.55 trillion
  • Poised for further growth with expanded capacity and new service offerings

INCHEON, South Korea, Jan. 22, 2025 /PRNewswire/ — Samsung Biologics (KRX: 207940.KS), a global contract development and manufacturing organization (CDMO), today announced financial results for the fourth quarter and fiscal year 2024.

“2024 has been a year of steady progress for Samsung Biologics as we expanded collaboration with both pharma and biotech companies, supported by our focus on operational and quality excellence,” said John Rim, CEO and President of Samsung Biologics. “We have been able to continue delivering on our commitments by investing in capacity, modality, and geographic expansion. We expect another year of growth through the opening of Plant 5, launch of ADC services, and continued investment in innovative technologies and sustainability. These efforts will enable us to better address the evolving needs of our clients at the right time.”

FOURTH QUARTER & FISCAL YEAR 2024 RESULTS

In the fourth quarter of 2024, Samsung Biologics achieved a consolidated revenue of KRW 1.26 trillion while operating profit stood at KRW 325.7 billion. This growth was driven by the increased contribution from Plant 4 and full utilization of Plants 1 through 3.

Full-year 2024 consolidated revenue was at KRW 4.55 trillion, a 23% increase from KRW 3.69 trillion in 2023. Operating profit increased by 19%, totaling to KRW 1.32 trillion.

[Consolidated Earnings, KRW billion] 

Q4’24

Q4’23

YoY

Change

FY24

FY23

YoY

Change

Revenue

1,256.4

1,073.5

+182.9

(+17.0%)

4,547.3

3,694.6

852.7

(+23.1%)

Operating
Profit

325.7

350.0

-24.3

(-6.9%)

1,320.1

1,113.7

206.4

(+18.5%)

EBITDA

476.5

491.9

-154

(-3.1%)

1,919.2

1,603.5

315.7

(+19.7%)

On a standalone basis, Samsung Biologics recorded a revenue of KRW 3.50 trillion and an operating profit of KRW 1.32 trillion in 2024. In the fourth quarter of 2024 alone, the company posted a revenue of KRW 950.4 billion and an operating profit of KRW 314.7 billion.

Samsung Biologics has served over 110 clients, including 17 of the worlds’ top pharma companies, reinforcing its position as a trusted partner in the biopharmaceutical industry. These partnerships supported the company in surpassing a total contract value of USD 4.3 billion in 2024, contributing to a cumulative contract value of USD 16.3 billion. The company achieved 340 regulatory approvals as of December 2024, underscoring its commitment to quality and operational excellence.

FISCAL YEAR 2025 OUTLOOK

Full Plant 4 operations are expected to drive further revenue growth, while Plant 5 at Bio Campus II, scheduled to begin operations in April 2025, will expand the company’s total production capacity to 784,000 liters. The company is also considering the construction of a sixth plant to proactively respond to the growing demand for biologics, which would increase total production capacity to 964,000 liters upon board approval.

The dedicated ADC facility will address the growing need for ADC-based therapeutics by supporting the delivery of next-generation biomedicines. Additionally, the company’s innovative platforms S-HiCon™, S-Tensify™, S-AfuCHO™, and S-OptiCharge™ will offer clients enhanced flexibility, productivity, and quality for successful drug development.

Samsung Biologics plans to further optimize operational efficiency and project timelines by investing in AI and digital transformation to automate systems and facilities. The company is also expanding its drug product (DP) capabilities, with a fully automated pre-filled syringe DP line projected to be CGMP-ready by 2027.

Samsung Biologics continues to actively advance sustainability efforts. As a member of the Sustainable Markets Initiative’s Health Systems Task Force, the company is committed to developing practical guidelines for decarbonizing healthcare supply chains in collaboration with global leaders in public and private health sectors. By strengthening partnerships with suppliers and incorporating ESG principles into the value chain, Samsung Biologics aims to drive meaningful progress in its sustainability initiatives.

About Samsung Biologics Co., Ltd.

Samsung Biologics (KRX: 207940.KS) is a fully integrated, end-to-end CDMO service provider, offering seamless development and manufacturing solutions from cell line development to final aseptic fill/finish as well as laboratory testing support for the biopharmaceutical products we manufacture. Our state-of-the-art facilities are CGMP compliant with bioreactors ranging from small to large scales to serve varying client needs. Maximizing operational efficiency and expanding our capabilities in response to growing biomanufacturing demand, Samsung Biologics offers a combined 604 kL total capacity at Bio Campus I. The company launched Bio Campus II with the construction of Plant 5, which will be operational in April 2025, adding 180 kL biomanufacturing capacity. Additionally, Samsung Biologics America enables the company to work in closer proximity to clients based in the U.S. and Europe. We continue to upgrade our capabilities to accommodate our clients by investing in an ADC facility, mRNA technologies, and additional aseptic filling capacity. As a sustainable CDMO partner of choice, we are committed to on-time, in-full delivery of the products we manufacture with our flexible manufacturing services, operational excellence, and proven expertise.

Samsung Biologics Contact
Claire Kim, Head of Global Marketing Communications
cair.kim@samsung.com 

2025 Japan Prize Laureates Announced

TOKYO, Jan. 22, 2025 /PRNewswire/ — The Japan Prize Foundation announced the winners of the 2025 Japan prize on January 22, 2025. Prof. Russell Dean Dupuis of the USA has been awarded the Japan Prize in the fields of Materials Sciences and Production, and Prof. Carlos M. Duarte of Spain has been awarded the Japan Prize in the fields of Biological Production, Ecology/Environment.

– Field Eligible for the Award: Materials Sciences and Production
Prof. Russell Dean Dupuis
Image:
https://cdn.kyodonewsprwire.jp/prwfile/release/M000319/202501152911/_prw_PI1fl_tS7bGu5Q.jpg

– Field Eligible for the Award: Biological Production, Ecology/Environment
Prof. Carlos M. Duarte
Image:
https://cdn.kyodonewsprwire.jp/prwfile/release/M000319/202501152911/_prw_PI2fl_75vq5Xm9.jpg

For this year’s Japan Prize, Prof. Dupuis is being recognized for his distinguished contributions to the development of metalorganic chemical vapor deposition technology for compound semiconductor electronic and optoelectronic devices, and pioneering contribution to its large-scale commercialization; and Prof. Duarte is being recognized for his contribution to the understanding of marine ecosystems in a changing Earth, especially through pioneering research on Blue Carbon.

For the 2025 Japan Prize, the Foundation asked approximately 15,500 prominent scientists and engineers from around the world to nominate researchers working in this year’s fields. It received 149 nominations for the fields of Materials Sciences and Production, and 72 nominations for the fields of Biological Production, Ecology/Environment. This year’s winners were selected from a total of 221 nominees.

About the Japan Prize

The establishment of the Japan Prize in 1981 was motivated by the Japanese government’s desire to create an internationally recognized award that would contribute to scientific and technological development around the world. With the support of numerous donations, the Japan Prize Foundation received endorsement from the Cabinet Office in 1983.

The Japan Prize is awarded to scientists and engineers from around the world who have made creative and dramatic achievements that help progress their fields and contribute significantly to realizing peace and prosperity for all humanity. Researchers in all fields of science and technology are eligible for the award, with two fields selected each year in consideration of current trends in scientific and technological development. In principle, one individual in each field is recognized with the award, and receives a certificate, a medal, and a monetary prize. Each Award Ceremony is attended by the reigning Emperor and Empress, heads of the three branches of government and other related officials, and representatives from various other elements of society.

For more information, please visit the official website: https://www.japanprize.jp/en/index.html

CP AXTRA Partners with Tencent Cloud: Catalysing a Digital Transformation in Retail

Newly signed agreement encompasses IaaS and artificial intelligence solutions to enhance customer experience, competitive edge and operational capabilities

BANGKOK, Jan. 22, 2025 /PRNewswire/ — Tencent Cloud and CP AXTRA unveiled a strategic collaboration with the goal of accelerating digital transformation in retail. Leveraging Tencent Cloud’s cutting-edge cloud-based infrastructure and AI-driven solutions in bolstering digital capabilities, CP AXTRA aims to enhance customer experience and operational efficiency, as well as improve its business outcomes.

The MoU was signed by Mr. Jimmy Chen, Vice President of Tencent Cloud International and Managing Director of Southeast Asia (right), and Mr. Tarin Thaniyavarn, Group Chief Technology & Data Officers and Group Chief E-Commerce Officer, CP AXTRA Public Company Limited (left).
The MoU was signed by Mr. Jimmy Chen, Vice President of Tencent Cloud International and Managing Director of Southeast Asia (right), and Mr. Tarin Thaniyavarn, Group Chief Technology & Data Officers and Group Chief E-Commerce Officer, CP AXTRA Public Company Limited (left).

CP AXTRA, is an operator of Asia’s leading B2B and B2C retailers, Makro and Lotus’s, based in Thailand, with operation across 10 countries. Over 30 years of wholesale and retail experience, CP AXTRA is a trusted partner for customers, offering a comprehensive range of products and services. Today, it manages over 2,600 offline stores in Thailand and Asia, with strong online presence.

To enhance its service offerings, CP AXTRA has entered a strategic partnership with Tencent Cloud, aiming to accelerate digital transformation and adopt AI technologies across the company. This collaboration leverages Tencent Cloud’s profound expertise in industry-specific solutions, coupled with comprehensive support from its team of industry experts to drive CP AXTRA’s digital journey.

To formalize the partnership, a Memorandum of Understanding (MoU) ceremony was held in Bangkok, attended by high-level representatives from Tencent Cloud International and CP AXTRA. The MoU was signed by Mr. Jimmy Chen, Vice President of Tencent Cloud International and Managing Director of Southeast Asia, and Mr. Tarin Thaniyavarn, Group Chief Technology & Data Officers and Group Chief E-Commerce Officer, CP AXTRA Public Company Limited. The ceremony was also witnessed by Mr. Zhang Yun Ming, Deputy Minister from the Ministry of Industry and Information Technology China, and Mr. Prasert Jantararuangtong, Deputy Prime Minister and Minister of Digital Economy and Society of Thailand.

The partnership encompasses Tencent Cloud’s Infrastructure-as-a-Service (IaaS) and artificial intelligence solutions to enhance CP AXTRA’s efficiency across various business aspects, including assortment range optimization, demand forecasting, pricing and promotions analysis, with the aim to elevate customer experience.

Looking ahead, CP AXTRA and Tencent Cloud are also exploring opportunities to leverage AI solutions and machine learning tools for sales forecasting and warehouse management.

Poshu Yeung, Senior Vice President, Tencent Cloud International, said, “Tencent Cloud is pleased to further solidify our presence in the retail sector by adding CP AXTRA, another major top-tier retailer, to our portfolio. We look forward to helping CP AXTRA boost its digitalization and AI efforts through our highly reliable and high-quality solutions, products and services with the goal of bolstering the retail leader’s business outcomes.”

Tarin Thaniyavarn, Group Chief Technology & Data Officers and Group Chief E-Commerce Officer, CP AXTRA Public Company Limited, said, “CP AXTRA is glad to be partnering with Tencent Cloud, benefiting from its cutting-edge IaaS and AI solutions. This partnership underscores our commitment to using top-tier technology to enhance our customer experience, competitive edge and operational capabilities, reinforcing our retail leadership in the region.”

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.

About CP AXTRA

CP AXTRA Public Company Limited, is an operator of Asia’s leading wholesaler and retailer, Makro and Lotus’s. The Company is based in Thailand, with operation across 10 countries. CP AXTRA is committed to fulfilling people’s lives with good health, love, joy, and well-being, by providing solutions and meeting customers’ daily needs with technology, innovation, and operational excellence.

With over 30 years of retail experience, CP AXTRA is a trusted partner for both B2B and B2C customers, offering a comprehensive range of products and services. Today, it manages over 2,600 offline stores in Thailand and Asia, with strong online presence.