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Unlocking the Power of High-Dimensional Simulations with STDE

SINGAPORE, Jan. 15, 2025 /PRNewswire/ — In a world increasingly driven by artificial intelligence and complex computations, tackling the most challenging problems—from modeling galaxies to designing personalized medicine—requires innovation. One such breakthrough is the Stochastic Taylor Derivative Estimator (STDE) developed by researchers at NUS Computing (National University of Singapore) in collaboration with Sea AI Lab.  The paper “Stochastic Taylor Derivative Estimator: Efficient Amortization for Arbitrary Differential Operators” by Zekun Shi (NUS Computing PhD student), Zheyuan Hu (NUS Computing PhD student), Min Lin (Head of Research at the Sea AI Lab) and Kenji Kawaguchi (Presidential Young Professor at NUS Computing) recently won the Best Paper Award at the prestigious NeurIPS 2024 conference.  STDE is a revolutionary method poised to transform how we approach high-dimensional problems. Understanding its impact starts with appreciating the importance of the problems it aims to solve.

Why High-Dimensional Problems Matter

Imagine trying to predict the movements of a million stars in a galaxy. Each star interacts gravitationally with every other star, and these interactions constantly shift. To model such a system accurately, scientists need to calculate countless derivatives that track how forces change over time. Traditional methods struggle with the sheer scale, often taking weeks of computation and vast amounts of memory. These challenges extend far beyond astrophysics. From simulating fluid flows to optimizing smartphone chips, high-dimensional problems are at the heart of countless scientific, engineering, and industrial applications. Faster and more efficient solutions could unlock groundbreaking advancements in fields like renewable energy, climate science, and even healthcare.

What Makes STDE Revolutionary

STDE addresses these challenges with a novel combination of techniques. At its core, it employs Taylor-mode automatic differentiation to compute higher-order derivatives efficiently. But the game-changing aspect is its strategic use of randomness. Rather than calculating every derivative, STDE samples a subset, using mathematical rigor to reconstruct the larger picture accurately. This approach is akin to taking snapshots of a dynamic system rather than recording it continuously, enabling a significant reduction in computational demand.

Moreover, STDE is highly scalable. As problems grow in complexity, its performance remains robust, unlike traditional methods that slow down exponentially. It’s also parallelizable, meaning the workload can be distributed across multiple processors, further speeding up calculations. In a demonstration of its prowess, researchers solved a million-dimensional problem in just eight minutes on a single GPU—a task that would have taken traditional methods weeks.

Real-World Applications

You might think that STDE is only useful for narrow domains of science such as astrophysics, where STDE can simulate galaxy formation, black hole dynamics, and even the evolution of the universe to provide insights into fundamental questions about the cosmos, such as the nature of dark matter and the origins of the universe.  The versatility of STDE has far-reaching implications:

  • Engineering Smarter Devices: Designing and optimizing microchips for smartphones and other devices requires simulations of intricate physical processes. With STDE, engineers could accelerate these simulations, leading to faster, more energy-efficient chips. This could translate to longer battery life and smarter, more capable devices.
  • Advancing Renewable Energy: Simulating airflow around wind turbines or optimizing solar panel efficiency are crucial for sustainable energy solutions. STDE can enhance the detail and speed of these simulations, enabling better designs that maximize energy capture.
  • Transforming Healthcare: Personalized medicine—tailoring treatments to individual patients—relies on understanding complex biological interactions. STDE could simulate how a drug interacts with a patient’s specific biology, improving efficacy and minimizing side effects.
  • Revolutionizing Finance: Financial markets are intricate systems with countless variables. More accurate models powered by STDE could lead to smarter investments, better risk management, and potentially more stable economies.
  • Drug discovery: Drug properties are computed from the high-dimensional interactions between numerous atoms within the chemical molecules. STDE could accelerate the discovery of new drugs by efficiently computing molecule properties, thereby reducing development costs and benefiting patients.

Unlocking New Frontiers

Beyond existing problems, STDE opens doors to exploring uncharted scientific territory. For instance, it could enable detailed simulations of the human brain, capturing the complex interactions among billions of neurons. Such models could unravel mysteries of consciousness, learning, and decision-making. Similarly, in cosmology, it might allow scientists to simulate the behavior of entire galaxies, offering clues to questions as profound as whether we are alone in the universe.

The Stochastic Taylor Derivative Estimator represents a monumental step forward in solving high-dimensional problems. By enabling faster, more efficient, and scalable simulations, it has the potential to revolutionize industries, drive scientific discovery, and address some of humanity’s most pressing challenges. From designing better smartphones to advancing personalized medicine and unravelling the secrets of the universe, the possibilities are endless. STDE isn’t just a leap in computational capability; it’s a bridge to a future where the limits of what we can understand and achieve are redefined.

Read more at: https://www.comp.nus.edu.sg/features/unlocking-power-high-dimensional-simulations-stde/

Celltrion unveils strategic vision for advancing its innovative drug pipeline at the 43rd Annual J.P. Morgan Healthcare Conference

  • Celltrion unveils strategic roadmap for the first time outlining its innovative drug development strategy and its plan to submit 13 Investigational New Drug (IND) application by 2028
  • Company reinforces its commitment to a two-pillar growth strategy focusing on its groundbreaking new drug developments including next-generation antibody drug conjugates (ADCs) and multispecific antibodies

INCHEON, South Korea, Jan. 15, 2025 /PRNewswire/ — Celltrion, Inc. (068270.KS), a leading global biopharmaceutical company, today announced its innovative drug development strategy in the rigorous and cutting-edge field of novel drug therapeutics at the 43rd Annual J.P. Morgan Healthcare Conference in San Francisco, California.

Celltrion’s presentation, titled ‘Unveiling our strategy for advancing innovative drug pipelines’ took place at the main track. Celltrion’s Chairman Jung-Jin Seo and Chief Executive Officer Jin-Seok Seo outlined new drug developments including its next-generation antibody drug conjugate (ADC) platform, with two biobetter ADC candidates CT-P70 and CT-P71. CT-P70 and CT-P71 are ADCs designed to target solid cancers; with CT-P70 focusing on non-small cell lung cancer (NSCLC) and CT-P71 aiming to treat bladder cancer. These therapeutics leverage the new payload ‘PBX-7016,’ which demonstrated low toxicity and high tumor growth inhibition (TGI) effects during its development, positioning it as a platform capable of delivering ‘best-in-class’ therapeutics within the same mechanism of action.

In addition, the company announced its plan to develop dual-payload ADCs that incorporate two distinct payloads with complementary mechanisms of action, aiming to deliver a more potent cytotoxic response to cancer cells.

The company also plans to focus on developing multispecific antibodies that selectively target cancer cells or are activated only under specific conditions. CT-P72 is a tumor-selective multispecific antibody which has demonstrated improved on-target off-tumor toxicity through cytotoxic research results showing clear differences between normal tissue cells and cancer cells.

The next-generation multispecific antibody therapeutics in development will focus on enhancing safety enhancing tumor selectivity by conditional activation with ‘conditionally-active multispecific antibodies (MsAb)’ and maximizing therapeutic potential of tumor killing immune cells with ‘immuno-oncology multispecific antibodies (MsAb).’

“Celltrion redefined biologics and demonstrated our development capabilities in monoclonal antibodies (mAbs), a groundbreaking class of therapeutic agents by achieving the vision of having a portfolio of 11 drugs by 2025,” said Jin-Seok Seo. “We plan to leverage our diverse experience and expertise accumulated in antibody drug development as we accelerate the development of next-generation new drugs, highlighting antibody-drug conjugates (ADCs) and multispecific antibody drugs as the dual driving forces for the company’s future growth.”

Mr. Seo outlined IND submission timelines of its novel drug pipeline with plans to develop 13 new drugs by 2028, including 9 ADCs and 4 multispecific antibodies.

Jin-Seok Seo added, ”Just two years after the full-scale launch of next-generation drug development, four new drug candidates are set to enter clinical trials sequentially, with new drug projects expected to follow every year. Our lead candidates have showcased remarkable progress and outcomes from their preclinical stage, bringing us closer to achieving our vision of becoming a global leader in the new drugs and breakthrough treatments.”

About Celltrion

Celltrion is a leading biopharmaceutical company that specializes in researching, developing, manufacturing, marketing and sales of innovative therapeutics that improve people’s lives worldwide. Celltrion is a pioneer in the biosimilar space, having launched the world’s first monoclonal antibody biosimilar. Our global pharmaceutical portfolio addresses a range of therapeutic areas including immunology, oncology, hematology, ophthalmology and endocrinology. Beyond biosimilar products, we are committed to advancing our pipeline with novel drugs to push the boundaries of scientific innovation and deliver quality medicines. For more information, please visit our website www.celltrion.com/en-us and stay updated with our latest news and events on our social media – LinkedIn, Instagram, X, and Facebook.

FORWARD-LOOKING STATEMENT

Certain information set forth in this press release contains statements related to our future business and financial performance and future events or developments involving Celltrion Inc. and its subsidiaries that may constitute forward-looking statements, under pertinent securities laws.

These statements may be also identified by words such as “prepares,” “hopes to,” “upcoming,” “plans to,” “aims to,” “to be launched,” “is preparing,” “once gained,” “could,” “with the aim of,” “may,” “once identified,” “will,” “working towards,” “is due,” “become available,” “has potential to,” the negative of these words or such other variations thereon or comparable terminology.

In addition, our representatives may make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Celltrion Inc. and its subsidiaries’ management, of which many are beyond its control.

Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them.

Such forward-looking statements necessarily involve known and unknown risks and uncertainties associated with the company’s business, including the risk factors disclosed in its Annual Report and/or Quarterly Reports, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such statements.

Celltrion Inc. and its subsidiaries undertake no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws.

For further information please contact:
Global PR Team
globalpr@celltrion.com

Taiwan’s Startup Hub in Silicon Valley Bridges U.S.-Taiwan Innovation Collaboration and Promotes Taiwan’s Startups to the World

PALO ALTO, Calif., Jan. 15, 2025 /PRNewswire/ — A news report from Business Next Media Corp.:

Minister Liu (fourth from left) poses for a group photo with distinguished guests. From left to right are Qualcomm Vice President of Engineering Sudeepto Roy, JETRO San Francisco Head of Office Yotetsu Hayashi, SkyDeck General Manager Sibyl Chen, Gold Card recipient David Lam, and Mark Birch.

Today, Taiwan marked an important step forward in the global startup landscape by opening an overseas Startup Hub in Silicon Valley. The move demonstrates the Taiwanese government’s continued commitment to leading Taiwan’s innovation ecosystem to the world. Liu Chin-ching, Minister of the National Development Council of Taiwan, was invited to attend the opening event and witnessed the signing of a Memorandum of Understanding (MOU) between Dennis Liu, Managing Director of Startup Island TAIWAN Silicon Valley, and Sibyl Chen, General Manager of Berkeley SkyDeck Accelerator, which will deepen the linkage between Taiwan and the U.S.’s startup resources. The opening event was well attended by the innovation community, including U.S. companies such as Google, Qualcomm, Japan’s JETRO, and Taiwan’s TSMC and Delta, as well as local venture capitalists, university representatives, and teams of outstanding Taiwanese startups, demonstrating Taiwan’s innovative energy in planting its flag in Silicon Valley and its determination to connect with the global startup community.

Taiwan is recognized as a global leader in technology and innovation, especially in the semiconductor field, where it enjoys a global market share of over 60%. In fact, Taiwan’s strength and achievements in innovation are not limited to its renowned manufacturing capabilities. In recent years, Taiwan’s unique market environment and technological soil have fostered a vibrant ecosystem of new ventures, creating a cluster of entrepreneurs developing cutting-edge technologies in a wide range of fields.

In his speech, Minister Liu said that Taiwan’s technology and innovation capabilities are evident to the world. Significant contributions to important development trends such as AI and digital transformation are proceeding apace, and the energy of new venture development is also rapidly increasing, with nearly 10,000 new ventures currently in operation. In recent years, global startups have faced the challenge of a capital winter, and the amount of global startup fundraising in 2023 has declined by nearly 40% compared with the previous year. But Taiwan’s startup fundraising in 2023 has grown against the trend, reaching a record high of US$2.8 billion, with a growth rate of 9.8%.

According to Minister Liu, Taiwan has allocated US$4.56 billion (NT$150 billion) to accelerate the development of its startup ecosystem over the next four years, underscoring Taiwan’s commitment to promoting innovation, fostering entrepreneurial talent, and enhancing global competitiveness. The funds will be used to establish funding programs with universities to promote research, partner with top companies to enhance industry expertise, and more. These initiatives are aimed at establishing Taiwan as a base center for leading-edge technologies and international collaboration.

Minister Liu emphasized the importance of this collaboration, “The opening of the Silicon Valley Startup Hub marks an important step in Taiwan’s efforts to partner with U.S. industry to promote innovation. By promoting the connection between Taiwan’s thriving entrepreneurial community and Silicon Valley, we are building a two-way bridge between the creative ecosystems of the two places, promoting exchanges and collaborations, and moreover, ensuring that our new start-ups will be able to compete and thrive in the global arena.”

In recent years, Taiwan’s government has invested heavily in fostering a strong startup ecosystem through a series of targeted initiatives, including grants, loans and industry awards. These efforts have yielded significant results in the form of a thriving ecosystem of about 10,000 active start-ups in a wide range of sectors, including health technology, energy, sustainability, agriculture, hardware, media and entertainment, and sales and marketing. Strong government-supported programs, including the Asia Silicon Valley Development Plan 3.0, further strengthen this ecosystem by connecting startups to international resources, investors and markets. By creating an environment that encourages innovation and entrepreneurship, Taiwan has become a key player in the global startup ecosystem.

In addition, Taiwan brings unique strengths to Silicon Valley that go beyond world-class advanced manufacturing, a resilient and flexible supply chain, and continued investment in research and development of transformative technologies, including artificial intelligence, biotechnology, and green energy. These strengths are complemented by Silicon Valley’s unrivaled innovative capabilities, creating a close partnership of synergy and collaboration. By combining Taiwan’s industrial strengths with Silicon Valley’s venture capital and disruptive startup ecosystem, this collaboration is expected to drive technological breakthroughs, enhance global competitiveness, and lay the groundwork for sustainable growth in the future.

The establishment of the Startup Island TAIWAN Silicon Valley Hub marks an important step in connecting Taiwan’s thriving startup ecosystem with the global stage. Startup Island TAIWAN will be a two-way bridge between Taiwan and Silicon Valley’s entrepreneurial ecosystem and a hub of talent by providing local communities with co-working space, education and training, conferences, networking events, professional consulting, and entrepreneurial landing services. Through initiatives such as the Employment Gold Card program, Taiwan has strengthened its position as a center for talent, technology and entrepreneurship, and has collaborated to make a positive impact and pave the way for a more connected and innovative future.

Vanpowers Unveiled Advanced Smart System at CES 2025: Redefining the Future of Intelligent Cycling

LAS VEGAS, Jan. 15, 2025 /PRNewswire/ — Vanpowers, a global leader in e-bike innovation, made waves at CES 2025 with its Advanced Smart System, a groundbreaking integration of adaptive technology set to redefine cycling. The four-day event, which concluded on January 10th, saw Vanpowers demonstrating this system in select new bike models launching later this year, offering unparalleled personalization, safety, and connectivity.

Vanpowers at CES 2025

Revolutionary Features Redefining Smart Cycling

The Advanced Smart System seamlessly blends real-time adaptability with intelligent connectivity, creating an intuitive riding experience. Key features showcased at CES include:

  • Advanced Power Management System: This system combines ultra-light motors with industry-leading performance, utilizing dual 48V battery packs for extended range. The IP67-rated protective structure ensures durability in various weather conditions, making it suitable for all-season riding.
  • Dynamic Riding Optimization: Leveraging real-time data, this feature intelligently adjusts motor output to provide optimal assistance on inclines while maximizing energy efficiency on flat terrain. Riders experience a smooth, responsive ride regardless of the landscape.
  • Predictive Range Optimization: By analyzing factors such as rider behavior, terrain, and weather conditions, this system provides precise range calculations. This allows cyclists to plan their journeys with confidence, reducing range anxiety.
  • Smart Connectivity Vanlife App: This comprehensive app offers real-time performance monitoring, over-the-air firmware updates, and advanced anti-theft measures. It also includes community features, allowing riders to connect, share routes, and participate in challenges.

Future Vision and Intelligent E-Bikes

The Advanced Smart System, showcased on select Vanpowers models at CES 2025, including the Urban Cross and Grand Teton, exemplifies the company’s commitment to pushing the boundaries of smart cycling. These models, designed for urban and suburban exploration, feature sleek designs and cutting-edge technology.

No Limits to Freedom: Jim Wilkes’ Inspiring Journey

A highlight of the event was the presence of Jim Wilkes, a Vanpowers loyal customer. Jim, an amputee who was once told he would never ride bikes again, shared his transformative experience with Vanpowers e-bikes.

“When I found out about Vanpowers and rode their bike, it gave me freedom. It was like getting a part of my life back,” Jim explained. He praised both the UrbanCross and UrbanGlide models for their ease of use, long-range capabilities, and hill-climbing prowess. Jim particularly noted the seamless phone integration and the innovative smart features that have been a standout at CES.

Jim Wilkes shares his transformative Vanpowers e-bike journey

“Our presence at CES 2025 demonstrated how we’re setting new standards in e-bike technology,” said Handson [Vice President, E-Bike Global Business]. “By integrating adaptive technology with robust performance, we’re creating smarter, safer e-bikes for riders of all abilities, empowering them to experience cycling freedom without limits.”

As CES 2025 concluded, Vanpowers solidified its position at the forefront of e-bike innovation, with the Advanced Smart System representing a significant step towards a more connected and enjoyable cycling future.

For more information about Vanpowers and its innovative e-bike solutions, visit Vanpowers.com.

CONTACT: press@vanpowers.com.

Asian Art Museum of San Francisco Appoints Dr. Soyoung Lee as Director and CEO

An Esteemed Arts Executive and Trailblazing Asian Art Scholar, Lee will Serve as the Institution’s Next Barbara Bass Bakar Director and CEO

SAN FRANCISCO, Jan. 15, 2025 /PRNewswire/ — The Board of Trustees of the Asian Art Museum Foundation and the Asian Art Commission today appointed Dr. Soyoung Lee as the next Barbara Bass Bakar Director and CEO of San Francisco’s Asian Art Museum—Chong-Moon Lee Center for Asian Art & Culture. She will start in April 2025.

Dr. Soyoung Lee, newly appointed Barbara Bass Bakar Director and CEO of the Asian Art Museum

Lee joins the Asian Art Museum from the Harvard Art Museums where she has served as the Landon and Lavinia Clay Chief Curator since 2018. At Harvard, she led the museums’ artistic vision for collections-building and exhibitions, and its highly regarded Museum Training program, mentoring the next generation of museum professionals. She co-curated the exhibitions Future Minded: New Works in the Collection (2024) and Earthly Delights: 6,000 Years of Asian Ceramics (2022).

“This is an exciting moment for the museum,” said Salle Yoo, Chair of the Asian Art Museum Foundation and Asian Art Commission. “As a leading scholar of Asian art and culture, Dr. Lee brings a deep understanding of what is happening in Asian and Asian American art now, its connection to the past, and a bold vision of where it may lead in the future.”

“I have long admired the Asian Art Museum,” said Lee. “What a singular honor to be leading this premier institution, and in the beautiful city of San Francisco, with its significant connections to the Asia-Pacific region and thriving pan-Asian community. It is thrilling to imagine charting an audacious path for the future of Asian and Asian diasporic art and culture—for everyone to experience.”

Prior to the Harvard Art Museums, Lee spent 15 years at the Metropolitan Museum of Art. As the Met’s first-ever curator for Korean art, Lee transformed the scope and impact of Korean art and culture—at both the museum and, more broadly, in the U.S. cultural landscape. Her publications include Diamond Mountains: Travel and Nostalgia in Korean Art (2018), Silla: Korea’s Golden Kingdom (with Denise Patry Leidy; 2013), and Korean Buncheong Ceramics from the Leeum, Samsung Museum of Art (with Jeon Seung-chang; 2011).

She received her B.A., M.A., and Ph.D. in art history from Columbia University.

Learn more about the Asian Art Museum at www.asianart.org and find the full press release here.

MoneySmart Study: Social Media Drives Financial Decisions Across Singapore and Hong Kong SAR

  • A new study by MoneySmart finds that over half (52%) of adults living in Hong Kong SAR and Singapore now turn to social media as their primary source of financial advice, with YouTube emerging as the most popular platform.
  • The study explored the growing role of social media in shaping financial decisions, with a focus on how it influences decisions around investing, saving, and spending.
  • Nearly three in five (63%) now seek investment advice from social media, showing the platform’s growing role in guiding investment decisions.

SINGAPORE, Jan. 15, 2025 /PRNewswire/ — A newly released study by leading personal finance portal MoneySmart reveals that social media has become a dominant source of financial information, influencing key decisions around investments, savings and spending habits.

The study, which interviewed 2,000 adults in Hong Kong SAR and Singapore, found that more than half (52%) now rely on social media as their main source of financial advice, trumping the likes of family and friends, financial advisors, and personal finance books. Platforms such as YouTube, Instagram and Facebook emerged as the most popular for accessing financial insights.

Nearly half (43%) of those surveyed believe social media has improved their financial knowledge, with 19% using it daily to seek financial tips and advice. According to the study, Millennials are the generation most frequently turning to social media for financial advice, with 53% seeking information at least weekly.

The most popular topics across all age groups include investing (59%), saving (57%) and budgeting (34%).

Social media is shaping our financial behaviour and investments

In today’s digital age, financial information is more accessible than ever, with social media empowering individuals to take a more proactive approach to managing their finances. Nearly a quarter (23%) have changed their spending habits due to social media, with 30% starting a budget, 16% initiating an emergency fund and 11% increasing their retirement savings contributions.

Interestingly, regional preferences emerged, highlighting unique usage patterns in Singapore and Hong Kong SAR. YouTube stands out as the most popular platform for financial advice in both markets, reflecting the possible appeal for video-based learning. However, platform preferences diverge beyond YouTube, with TikTok gaining popularity in Singapore as a hub for short-form financial content, while Whatsapp and LIHKG forums resonate more with Hong Kongers for community-driven discussions.

This diversity in platform usage underscores the importance of adopting tailored strategies to engage and educate consumers effectively across different markets.

Beyond habit shifts, social media is also encouraging Singaporean and Hong Kong SAR adults to make substantial financial decisions. Nearly a quarter (24%) have opened a savings account, while 18% have applied for a financial product such as a credit card or loan due to social media advice.

Investments, in particular, were heavily influenced by social media, with 37% of respondents making investments based on advice seen online, with popular choices including US stocks (45%), bonds (24%), etc. This illustrates how recommendations on social media are actively shaping financial behaviour and underscores the importance of ensuring that consumers are equipped with the skills needed to assess the credibility of financial advice online.

The financial risks of social media

While social media provides broader access to financial information, the study reveals significant risks tied to unverified advice.

Alarmingly, almost 1 in 5 (18%) respondents lost money on investments influenced by online advice, and a further 14% fell victim to financial scams after following social media recommendations. Among those who followed social media advice, 9% reported substantial financial losses. These findings underscore the serious consequences of following poor or even malicious financial advice on social media, with many suffering direct financial losses that could have a lasting impact on their overall financial security.

Adding to these concerns, 70% of respondents encounter financial advice passively through their social media feeds, suggesting that they may be influenced by financial content even when they’re not actively seeking it.

Additionally, a number (12%) of respondents reported feeling more confused or overwhelmed by the sheer volume of financial information on social media, highlighting the need for better guidance. These findings emphasise the real dangers of unverified advice and the critical importance of seeking reliable financial guidance from trusted sources.

Abel Lee, General Manager at MoneySmart Singapore and Hong Kong commented, “Our study reveals a significant shift in how consumers approach financial advice, with social media now taking the lead over traditional sources. While it’s encouraging to see more individuals engaging with their finances, it’s crucial to ensure the credibility and accuracy of the information they rely on. At MoneySmart, we go beyond just connecting consumers to personal finance products through our marketplace. With resources like our blog and licensed insurance specialists, we are committed to providing well-researched advice and practical guidance to help people make sound financial decisions — whether it’s investing, saving, budgeting, choosing the right credit card or loan, or selecting an insurance plan.”

“While social media has made financial advice more accessible, it also comes with risks from unverified sources. In a landscape where unverified advice is prevalent, our focus is to empower individuals with the tools, trusted guidance, and personalised recommendations they need to make informed decisions that lead to positive outcomes,” said Lee.

How to spot poor financial advice and make smarter investment decisions

As financial hubs, Hong Kong SAR and Singapore face shared challenges and opportunities when navigating financial advice on social media. Insights from industry experts in both markets, including Ethel Yow, APAC & ME Social Media and Content Manager at IG Markets and Joe Yu, Chief Marketing Officer at Futu Securities, provide actionable tips to help consumers make informed decisions while avoiding common pitfalls.

  1. Be cautious of bold claims
    Ethel and Joe advise being wary of financial advice that promises guaranteed returns or “risk-free” investments, often framed as clickbait such as “100% win rate strategy” or “How to become a profitable trader.” Sensational headlines are designed to attract attention, but credible sources will offer balanced insights about both potential returns and risks.
  2. Verify the information
    Social media is largely unregulated, meaning anyone can post financial content regardless of expertise. Ethel recommends cross-checking advice with reputable financial news outlets, official company reports, and licensed financial advisers, while Joe suggests a three-pronged approach: verify the source, consult multiple sources and assess the information’s timeliness. Seeking professional advice and carefully evaluating risks are essential steps before making significant financial decisions.
  3. Understand the risks
    Social media offers real-time market sentiment and a variety of investment ideas, which can broaden perspectives. However, Joe warns that emotional triggers like FOMO (fear of missing out) can lead to impulsive decisions that often do not align with sound financial planning.
  4. Balance short-term excitement with long-term goals
    To avoid focusing solely on short-term returns, limit speculative investments to a small portion of your portfolio while balancing them with more stable assets like index funds or bonds. Both experts recommend setting clear financial goals, creating a budget, diversifying investments and regularly reviewing your portfolio to maintain long-term financial stability.
  5. Do your own research and use trusted platforms
    Independent research is critical to understanding the risks, potential returns, and suitability of an investment. Joe emphasises the importance of choosing regulated brokerages, such as those licensed by the SFC in Hong Kong, for secure and transparent transactions. Trusted platforms offer reliable tools and resources that support informed investment decisions.
  6. Stay alert to scams and avoid herd mentality
    Both Ethel and Joe highlight the risks of scams impersonating legitimate entities, such as investment platforms or financial influencers. Always verify the authenticity of information and social media links before acting. Avoid blindly following trends without assessing risks, as impulsive decisions can lead to significant losses.

For more advice on making informed financial decisions, including investing, and to explore the full findings of the study, please visit:

Hong Kong SAR (EN):
https://www.moneysmart.hk/en/online-brokerage/social-medias-influence-on-financial-decisions-ms

Hong Kong SAR (ZH):
https://www.moneysmart.hk/zh-hk/online-brokerage/social-medias-influence-on-financial-decisions-ms

Singapore:
https://www.moneysmart.sg/online-brokerage/social-medias-influence-on-financial-decisions-ms

-ENDS-

For all media enquiries, please contact:
Jasmine Hong
Communications Manager, MoneySmart Group
jasmine.hong@moneysmart.com

Survey Methodology

Research conducted on behalf of MoneySmart by Savanta among 2,000 Singaporean and Hong Kong SAR adults (aged 18+). The survey was carried out online between 2 – 7 October 2024.

About MoneySmart Group

MoneySmart Group is a leading personal finance group in Southeast Asia, encompassing two dynamic brands: MoneySmart and Bubblegum. Bringing together these brands to offer a comprehensive range of financial products, knowledge and advice, MoneySmart Group is dedicated to empowering consumers with clarity, confidence and control over their financial future.

MoneySmart serves as a financial marketplace and content platform for consumers to make informed decisions across a variety of banking, insurance and investment products. We do the hard work of compiling the information and sharing advice to make it easy for you to understand, compare and choose the best personal finance products for you. Our SmartRewards programme also enables customers to earn points on transactions that can be redeemed for rewards.

Under our Bubblegum brand, we create desirable insurance products and experiences, aiming to become the leading digital insurtech brand of the future.

For more information, please visit www.moneysmart.com.

Alcott Global Announces 2025 Leaders in Supply Chain Awards Call for Nominations

Celebrating exceptional leadership in the global supply chain industry

SINGAPORE, Jan. 15, 2025 /PRNewswire/ — Alcott Global proudly announces the launch of the 2025 edition of the annual Leaders in Supply Chain Awards, which recognize outstanding leadership in the global supply chain sector. The awards ceremony will be conducted virtually in September 2025.

Call For Nominations – Leaders in Supply Chain Awards 2025

The event, organized by esteemed executive search firm Alcott Global, acknowledges leaders’ achievements in digitizing operations, advancing sustainability and decarbonization efforts, and fostering diverse and equitable work environments for supply chain teams.

Supply chain professionals and executives worldwide are invited to nominate individuals who have contributed significantly to their organizations in the past year.

The nominations will be accepted until February 28th, 2025.

To qualify as an eligible nominee for the Top 30 Supply Chain Leaders of 2025, participants must hold regional or global roles for 18 consecutive months, encompassing end-to-end supply chain responsibilities in manufacturing companies with revenues exceeding USD 500 million.

Following nominations, eligible candidates will be invited to submit detailed case studies demonstrating their leadership philosophy, digital transformation successes, environmental and social impact initiatives, and diversity breakthroughs.

Industry icons and thought leaders from around the globe will evaluate case studies and performance metrics to identify this year’s top leaders. The jury members will review the case studies the eligible nominees submit, and their evaluations will contribute 75% of the total score. Over 2,000 C-level executives will be invited to vote to determine the remaining 25% of the score. This approach ensures impartiality in the evaluation process and measures the nominees’ impact in the industry beyond their organizations.

Our event fosters cross-industry knowledge exchange, delivering valuable insights for professionals while celebrating the visionaries who inspire, innovate, and push for excellence in supply chain,” said Radu Palamariu, Group CEO at Alcott Global.

For the 2024 edition, we received nominations for 302 exceptional Supply Chain Leaders representing 257 distinguished companies, surpassing the 2023 edition. We anticipate even greater participation in 2025.

The 2025 edition of the Leaders in Supply Chain Awards promises to continue the success of previous years, pushing excellence and inspiring the future through celebrating accomplished leaders’ breakthroughs, strategies, and impact.

The process of uncovering the industry leaders making a difference in 2025 and beyond is officially open. For more information and nominations, please visit the event page:

https://gala.makersmovers.com/

HIXXHOME Smart Birdfeeder and CoolFly App recognized as a House Digest Best of CES 2025

LAS VEGAS, Jan. 15, 2025 /PRNewswire/ — A new smart birdfeeder from HIXXHOME and its companion app from CoolFly have been recognized by Home Digest as a Best of CES 2025 for their innovative features that enhance backyard birding.

Participating in their first CES, HIXXHOME and CoolFly demonstrated the new products outdoors with real bird visitors during the iMpact Connect Smart Home Showcase event nearby the CES venues.

House Digest named the smart bird feeder and app combination as a “top-tier product” in the recent surge of smart bird feeders that are gaining popularity, and awarded it as one of their

The HIXXHOME Bird Feeder with camera features 2.5k HD video quality and a wide 150-degree lens for capturing video of the bird from all angles at the feeder. It is powered by a solar panel, has infrared night vision, and uses AI bird identification to provide real time alerts and what type of bird is at your feeder.  It even has a repellent button that sounds an alarm to scare away squirrels.

The CoolFly app is the world’s first backyard birding app and works as an extension of the HIXXHOME smart bird feeder that allows you to see pictures and videos from the feeder. CoolFly also enables you to share content with other users as part of a bird-watching community. Multiple people can also see what’s happening at one bird feeder through their own accounts, and can discuss what they see within the app.

A few features make CoolFly standout. It provides free AI-powered bird identification, removing unnecessary expenses for bird identification and making the joy of birding accessible to everyone. It also plugs its users into a vibrant global interactive birder community where birders can share photos and videos, like and comment on posts, and engage with other birders worldwide. Dedicated group chats unite users of the same smart bird feeder in a private space, allowing authorized members to conveniently share bird videos and other special moments. The app also integrates a rich and engaging bird knowledge database, covering characteristics, sounds, size, wingspan, weight, diet and more.

CoolFly CEO and Founder Ryan Zhu said during the CES 2025 iMpact Connect Smart Home Showcase, “At CoolFly, we’re not just building a smart birdwatching tool—we’re creating a global community where nature lovers can connect, share, and enjoy birding together. CoolFly is here to bring birdwatchers closer to nature and each other, no matter what device you use.”

The HIXX Bird Feeder with Camera is priced at $129.99 in a selection of colors, and the CoolFly app is free for 30 days, then $5.99 per month or $59.90 per year.

About CoolFly
CoolFly is a pioneering company dedicated to connecting people with nature and fostering connections among birders worldwide through thoughtful tech innovation. CoolFly aims to create a vibrant global community centered around the joys of backyard birding, encouraging sharing and interaction to make birding an enjoyable experience for all. Learn more at the CoolFly website here.