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Ingdan Announces 2023 Interim Results

Highlights of the Interim Results for the Six Months Ended June 30, 2023:

  • The rapid development of AI has accelerated demand for chips. The Group’s AI orders also showed an upward trend, with a total revenue of RMB3,863.5 million during the Period.
  • In the first half of 2023, gross profit recorded approximately RMB482.4 million, net profit was approximately RMB168.1 million, and profit attributable to equity shareholders of the Company was approximately RMB92.5 million.
  • During the Period, Shenzhen Comtech submitted relevant information to the Shenzhen Stock Exchange, which will help further enhance its brand influence and popularity in the industry, as it continues to cultivate the chip market, and provides in-depth services to customers in the industry chain upstream and downstream.
  • Ingdan focuses on the new energy smart battery cloud business with emphasis on two-wheeler battery cloud services, in order to seize the RMB 100 billion ”blue ocean” market opportunity, which would enable the Group to sustain profitability.

HONG KONG SAR – Media OutReach – 31 August 2023 – Ingdan, Inc. (“Ingdan, Inc.” or the “Company”, stock code: 400.HK; with its subsidiaries (the ”Group”)), formerly known as “Cogobuy Group”, a technology service company focusing on serving global chip industry and artificial intelligence (“AI”) and Internet of Things (“IoT”, together “AIoT”) ecosystem, with its core businesses “Comtech” and “Ingdan”, is pleased to announce its unaudited interim results for the six months ended June 30, 2023 (the “first half of 2023” or the “Period”).

Financial Highlights of the First Half of 2023

As of June 30, 2023, the Group recorded a total revenue of approximately RMB3,863.5 million, a YoY decrease of 17.8%; net profit was approximately RMB168.1 million, a YoY decrease of 20.7%; gross profit was approximately RMB482.4 million, a YoY increase of 13.7%. In the first half of 2023, the rapid development of AI technologies has driven the digitalization of various industries, resulting in an increase in demand for chips. Accordingly, the Group’s AI demands have increased. However, as affected by suppliers’ production capacity, there was a supply shortage of AI chips and the delivery of orders has been deferred to the second half of the year. Coupled with the slowdown in the growth of demand for chips in the consumer electronics category, the overall sales dropped. On the other hand, with profits increasing at a compound annual growth rate (CAGR) of approximately 46.1% from 2019 to 2022, the Group’s results for the corresponding period of the prior year grew at a record high. Therefore, as the market demand returns to normal industry level from last year’s chips shortage, the Company’s profit has declined as compared with the same period last year. During the Period, the Group’s profit attributable to equity shareholders of the Company was RMB92.5million. The Group’s cash and bank balances (including short-term bank deposits and pledged deposits) was RMB1,048.7 million. The Group’s bank loans were RMB1,818.8 million, book value of inventories was RMB5,055.2 million, and inventories net of rebates were RMB1,020.8 million. The basic common shares outstanding were 1,394,262,732, and the weighted average number of ordinary shares for the purpose of diluted earnings per share were 1,371,063,000.

Comtech Captured the Demand of AI Chips

In the first half of 2023, the popularity of Generative AI such as ChatGPT has once again driven the AI boom. The thriving AI market trend in China has driven the growth in demand for AI orders from Comtech. However, due to the impact of supply shortage, the inventory of AI chips was insufficient to fulfill the large number of orders, resulted in the delay of deliveries to the second half of the year and the sales volume was affected accordingly. According to forecasts by World Semiconductor Trade Statistics Association, global annual semiconductor sales will decline by 10.3% in 2023 but are expected to grow by 11.8% in 2024 by virtue of a strong recovery.[1] As a technology service platform for the chip industry, Comtech focuses on the application, design, and distribution of IC chips. It covers over 50% of global major high-end chip suppliers and many leading domestic chip makers upstream, as well as tens of thousands of enterprises in five major fields downstream, including smart vehicles, digital infrastructure, industrial interconnection, energy control and big consumption. With the gradual recovery of the domestic economy, the continuous development of the technology industry, and favorable national policies, the outlook for China’s semiconductor industry is optimistic, as it meets increasing demand for chips and brings more growth momentum to the chip business.

Comtech continued to actively push for the development of chips applications during the Period, and has achieved technological breakthroughs in cutting-edge technological features in the industries of AIGC, logistics robots and electronic rearview mirrors for smart vehicles, empowering a number of China’s innovative enterprises in, so as to prepare to capitalize on future market recovery.

  • Comtech has laid out plans in the field of AIGC, vigorously expanded the chips application scenarios and opportunities, and successfully deployed NVIDIA products in a prominent Data Centre in Baoding city, with hosting capacity of 360,000 AI servers, to support the goal of building a demonstration city in the era of artificial intelligence.
  • Comtech actively explored the application fields of mobile robot chips, supported the chip application and design resolution of innovative industries, successfully deployed STMicroelectronics products to warehousing robots, and provided technical training to help the logistics industry break through industry barriers.
  • The smart vehicle market also saw the opening of new opportunities with the electronic rearview mirror industry. Comtech and AMD-XLINX jointly launched the “Smart Vehicle Vision Development Package” to realize various advantages such as self-adaption, low latency, scalability, and customization—to meet the future expansion needs of smart vehicles for cross-domain integration capabilities.

Shenzhen Comtech Continued its Preparation for an A-Share Listing Application

The application for A-Share listing on the ChiNext Board submitted by Comtech’s operating entity, Shenzhen Comtech Limited (“Shenzhen Comtech”) has been confirmed by the Shenzhen Stock Exchange on 30 June 2022. Shenzhen Comtech is preparing for the proposed A-Share listing and has submitted its audited consolidated financial statements for the three years ended December 31, 2020, 2021 and 2022 during the first half of 2023. The proposed A-share listing, if completed, is expected to help further expand the Group’s development in the chip market in Mainland China, and the Company will remain the ultimate controlling shareholder of Shenzhen Comtech and its financial results will still be consolidated into the Company to facilitate the sustainable growth of the Group’s results.

Focusing on New Energy Smart Battery Cloud Business with Emphasis on Two-Wheeled Battery Cloud Services

Ingdan focuses on the new energy industry and is committed to developing the industry for two-wheeler battery replacement and re-utilization. By building a reliable and asset management platform for traceable lithium battery life-cycle data, it provides customized solutions for two-wheeler battery replacement, power re-utilization and energy storage, etc. Ingdan’s proprietary smart battery management platform can monitor real-time battery status, effectively improve battery usage efficiency and cycle, realizing the smart management of the whole battery life cycle, from production calibration, safe operation, asset management, efficiency management, to recycling tracking, etc.

According to the analysis of iResearch Consulting, the number of two-wheeled electric vehicles in China was estimated to be approximately 350 million in 2022. In order to resolve the problems of ”slow recharge, difficult recharge, unsafe recharge, short battery life and high cost”, the business model of ”replace instead of recharge” has been adopted by the industry with an accelerated development pace. According to EVTank’s forecast, the scale of the two-wheel electric vehicle battery replacement service market will exceed RMB 130 billion by 2025.[2]In line with China’s ”double carbon” national goal of reaching carbon peak in 2030 and realizing carbon neutrality in 2060, the upgrade of the energy industry structure is expected to bring about rapid changes in the industry layout. Ingdan strategically focuses on the two-wheeler battery cloud services, aiming at the new market trend of battery cloud in order to seize the RMB 100 billion ”blue ocean” market opportunity, which would enable the Group to sustain profitability while contributing to the advocacy of the product standardization of China’s two-wheeler battery replacement industry, and support the realization of the national ”double carbon” goal.

Outlook

Mr. Jeffrey Kang, CEO of Ingdan, Inc., said, “China’s AI industry has a strong momentum to empower digital transformation in different industries. As the core of artificial intelligence technology, AI chips enable the rapid development and application of the chip industry, driving the Group’s AI chips sales and creating new development opportunities for our chip business. Additionally, with favorable national policies and new economic development opportunities, the chip industry will continue to develop rapidly, and achieve a significant increase in demand as well as technological breakthroughs. The Group’s Comtech will actively leverage its advantages in the industry and technology to capture the opportunities arising from AI-driven chips market to strategize the development of its chip business. In the second half of the year, with the delivery of AI orders, our sales revenue is expected to grow, while Comtech’s earnings for the second half of the year are expected to improve and remain at the similar level as the corresponding period of the previous year.

Looking ahead, the development of AI has risen to the level of national strategy, and will move forward rapidly in China. The Group has actively optimized and improved its business around the AI industry, and is continuously expanding new development opportunities for Comtech and Ingdan, cultivating the chip business, and striving to create a ‘Chips-Devices-Cloud’ ecosystem, to meet the needs of the expanding AI industry. At the same time, the Group is also moving quickly to develop its new energy smart battery cloud business, focusing on the development potential of the two-wheeler battery cloud service field, and mastering the massive big data with the help of “Ingdan Cloud” to seize the RMB 100 billion “blue ocean” market and create a foundation for the Group’s sustainable profitability. In the near term, the Group will continue to make progress on A-Share listing, accelerating the expansion initiatives in the trillion-RMB chip market in China, and add new growth momentum to our core business—with the goal of supporting the Group’s sustainable development and creating long-term returns for shareholders.”

Caution Statement

The information contained in this document has not been independently verified. No representation, warranty or undertaking, express or implied, is made by the Company or any of its affiliates, advisers or representatives as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions presented or contained herein. The information contained in this document should be considered in the context of the circumstances prevailing at the time, is subject to change without notice and the Company makes no undertaking to update the information in this document to reflect any developments that occur after the date of the presentation. It is not the Company’s intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company, or its financial or trading position or prospects. Neither of the Company nor any of its affiliates, advisers or representatives accept any responsibility or have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.

This document may contain statements that reflect the Company’s current intent, beliefs, and expectations about the future as of the respective dates indicated herein. These forward-looking statements are not guarantees of future performance and are based on a number of assumptions about the Company’s operations and factors beyond the Company’s control and are subject to significant risks and uncertainties, and accordingly, actual results may differ materially from those described in these forward-looking statements. Neither the Company nor any of its affiliates, advisers or representatives has any obligation, nor do they undertake, to update these forward-looking statements for any events or developments including the occurrence of unanticipated events that occur subsequent to such dates.


[1] WSTS Semiconductor Market Forecast Spring 2023

https://www.wsts.org/76/Recent-News-Release

[2] 2023年中国两轮电动车行业白皮书

https://report.iresearch.cn/report/202303/4149.shtml

Hashtag: #Ingdan #Comtech

The issuer is solely responsible for the content of this announcement.

About Ingdan, Inc.

Ingdan, Inc. (stock code: 400.HK), formerly known as “Cogobuy Group”, a technology services company serving the global chip industry and artificial intelligence and Internet of Things (“AIoT”) ecosystem, is headquartered in Shenzhen, with offices and branches across major cities in China, including Hong Kong, Shanghai, Beijing, Wuhan, Chengdu, Nanjing, Hangzhou, and Xi’an, as well as overseas branches in Singapore, Israel, and Japan. The Group’s business is divided into “Comtech”, a technology services platform for the chip industry, and “Ingdan”, a platform providing AIoT technology and services. The Group serves the “Chips Devices Cloud” ecosystem along
the AIoT industrial chain, and provides customers with technical integration solutions, marketing solutions, and distribution services. For further information, please refer to the Company’s website at

OnePlus Confirms Launch Date for OxygenOS 14

Evolved to Exceed, OxygenOS 14 will bring users an elevated fast andsSmooth experience powered by innovative algorithms

SHENZHEN, CHINA – Media OutReach – 31 August 2023 – Global technology brand OnePlus announced today that its latest operating system, OxygenOS 14, will launch globally on September 25, 2023. OxygenOS 14 will be one of the first operating systems released based on Android 14 and will introduce a range of exciting features designed to deliver enhanced user experiences.

“OnePlus has been committed to delivering a fast, smooth and steady OxygenOS to our users”, said Kinder Liu, President and COO of OnePlus, “Powered by OnePlus’ latest innovations, OxygenOS 14 will be the most intelligent and intuitive software product in OnePlus’ history.”

The secret behind the fast and smooth experience

Since day one, OnePlus has been dedicated to providing its users with fast and smooth experiences. Now, with OxygenOS 14, this experience has evolved to become “be instinctive and free to control”.

To bring this experience to life, OnePlus is introducing its brand-new proprietary performance platform, the Trinity Engine, to OxygenOS 14. By achieving greater synergy between hardware and software, the Trinity Engine unleashes the full potential of OnePlus handsets to address industry-wide challenges in pursing higher power consumption efficiency, better multi-tasking capability, and more enduring fast and smooth experience. Under the hood of the engine are six innovative technologies, including CPU Vitalization, RAM Vitalization, ROM Vitalization, HyperBoost, HyperTouch, and HyperRendering. When combined, these technologies guarantee a versatile fast and smooth experience in scenarios such as multi-tasking, intensive mobile gaming, and long-term usage.

Caption

With the release of OxygenOS 14, OnePlus continues to move forward and reach upwards by pushing boundaries, embracing change, and delivering exceptional software experiences that resonate with its community.

Hashtag: #OnePlus

The issuer is solely responsible for the content of this announcement.

About OnePlus

OnePlus is a global mobile technology brand that challenges conventional concepts of technology. Founded on the “Never Settle” mantra, OnePlus creates exquisitely designed devices with premium build quality and high-performance hardware. OnePlus thrives on cultivating strong bonds and growing alongside its community of users and fans.

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Asia Carbon Institute: A Voluntary Carbon Credit Registry in Asia Officially Established Setting the Stage for Sustainable Development with Enhanced Carbon Credit Standards

HONG KONG SAR – Media OutReach – 31 August 2023 – Asia Carbon Institute (ACI), a pioneering voluntary carbon credit registry in Asia, officially launches today at the CIC – Zero Carbon Park in Hong Kong. The inaugural ceremony welcomed esteemed Guests of Honour, Mr. Chan Ho Lim, Joseph, JP – Under Secretary for Financial Services & the Treasury, HKSARG, and Dr. Samuel Chui, JP – Director of Environmental Protection, HKSARG, among other distinguished guests and industry leaders. Typhoon signal was hoisted right before and during the event, yet never affected the strong support from the invited guests and representatives from the government, financial, commercial, industrial sectors and stakeholders across the board. Over 150 guests from various sectors, including government, academia, industry, and environmental organizations, joined the event to witness this significant milestone in promoting sustainability in Asia.

Asia’s rapid economic growth and significant greenhouse gas emissions necessitate the adoption of sustainable practices. Voluntary carbon credit standards and registries play a crucial role in incentivizing sustainability and attracting investments. However, the absence of a quality carbon credit standard in Asia hampers market growth and inhibits related ecosystems and businesses in the Region.

To address this pressing need and accelerate the transition to a low-carbon economy in Asia, ACI has been established as a voluntary carbon credit registry. ACI is a non-profit organization dedicated to promoting sustainable climate action throughout Asia and beyond. As a leading voluntary carbon credit standards body and registry, ACI focuses on developing and implementing climate-positive initiatives and tailored solutions that address Asia’s unique environmental challenges and opportunities.

“The inauguration launch of the Voluntary Carbon Credit Registry in Asia by the Asia Carbon Institute reflects the increasing adoption of carbon credit trading by businesses as a strategic response to climate change,” said Mr. Chan Ho Lim, Joseph, JP, Under Secretary for Financial Services & the Treasury, HKSARG. “Voluntary carbon credits are more than just a financial instrument. They have the power to channel private capital towards critical climate action projects, aiding investment in innovative, technology-driven solutions.”

Dr. Samuel Chui, Director of Environmental Protection, HKSARG, expressed his support, saying, “The establishment of ACI aligns perfectly with our goals of mitigating climate change and achieving carbon neutrality. We look forward to collaborations with ACI to promote sustainability and drive the adoption of carbon credit standards in the region.”

During the inaugural ceremony, a Memorandum of Understanding (MOU) was signed between ACI and BSI, a renowned global business standards company. The collaboration aims to enhance ACI’s capabilities in assurance and verification, innovation, the development of new standards, and marketing and communication initiatives.

John Lo, Founder of ACI, expressed his delight at the inauguration and the signing of the MOU, stating, “Today’s launch represents a significant milestone in our journey to promote sustainability and create a vibrant voluntary carbon credit market in Asia. The collaboration with BSI will further strengthen our ability to provide assurance, drive innovation, and establish new standards, ultimately leading to a more sustainable and resilient future.”

Prof. Christine Loh, SBS, JP, OBE – International Advisor of ACI saying, “ACI is a much-needed non-profit platform based in Asia with Hong Kong and Singapore bases. This is what is needed in our region in the era of developing markets to help with a faster pace of decarbonization. We need a platform that understands the conditions in Asia. Congratulations to ACI for doing carbon credit verification and providing a registry, which should be of great interest.”

The inaugural ceremony also featured a panel discussion led by Prof. Christine Loh, SBS, JP, OBE, International Advisor of ACI. Distinguished panelists, including industry leaders from CLP, Sino Group, China Resources Environmental Technology Ltd, and the Climate Commissioner of the Environment and Ecology Bureau of the HKSAR Government, shared their insights on the challenges they face, measures they are implementing, and their expectations of ACI as a platform for short and medium-term actions in addressing carbon-related issues in Hong Kong, Singapore, and Asia.

As the event Keynote Speaker, Ir Dr the Hon LO Wai Kwok, SBS, MH, JP, shared his insight that, “Hong Kong always plays critical, important and functional roles in both international arena and Asia region. While De-Carbonisation is a common goal for everyone, the establishment of ACI Hong Kong chapter today is offering us a unique option of an Asia platform with creditability, transparency and indeed opportunities.”

Similar comments and support were echoed by Ms. Linda Ho, CEO of Green Council during her delivery of the closing remarks. Linda stressed that, “ACI is a platform created and based in Asia engaging international, regional & local professionals to advocate de-carbonisation through high level of governance and collaboration. Both ACI Singapore and Hong Kong Chapters are prepared to serve and work with stakeholders with diversity and professionalism.”

Asia Carbon Institute – A Voluntary Carbon Credit Registry in Asia signifies a significant step toward a sustainable and carbon-neutral future. ACI is committed to promoting robust carbon credit standards, fostering a thriving voluntary carbon credit market in Asia, and driving the region’s transition to a low-carbon economy.

Please click here to download photos

Hashtag: #AsiaCarbonInstitute

The issuer is solely responsible for the content of this announcement.

About Asia Carbon Institute (ACI):

Asia Carbon Institute (ACI) is a leading voluntary carbon credit registry established to promote the adoption of robust carbon credit standards and foster a thriving voluntary carbon credit market in Asia. ACI is dedicated to accelerating the transition to a low-carbon and sustainable economy in the region by driving the adoption of sustainable practices and providing a reliable platform for carbon credit generation, assessment, and validation. As a non-profit organization, ACI prioritizes transparency, credibility, and collaboration with stakeholders to address Asia’s unique climate challenges and seize sustainable development opportunities.

Greater China Retail Supply/Demand Trends – New concepts for a changing market

HONG KONG SAR – Media OutReach – 31 August 2023 – Cushman & Wakefield, a leading global real estate services firm, today released its annual Greater China Retail Supply/Demand Trends report. According to the report, by Q2 2023, the total prime retail property stock in the core markets in the 16 major cities in Greater China we track totalled 106.0 million sq m. Many international and domestic brands either opened their first store or accelerated their business expansion in China, demonstrating an increasing demand for retail space in the market. The total premium core city retail property net absorption across the Greater China market for the first half of the year was 2.66 million sq m. The overall vacancy rate seen in the 16 major cities in Greater China decreased to 11.01% in Q2 2023.

The supply/demand rundown for 18 city core area-level markets in Greater China (Q2 2023)

Source: Cushman & Wakefield Research
Source: Cushman & Wakefield Research

Duke Zhen, Managing Director, Head of Retail Services, China, Cushman & Wakefield, said, “Since 2023, China’s Ministry of Commerce has organised a number of ‘Consumption Boosting Year’ activities and introduced a series of measures to optimise consumption supply and boost consumer confidence. With the implementation of a package of these consumption policies, the Chinese consumer market has fully recovered. Ahead, the size of China’s retail market will continue to expand, with new retail models and technologies expected to drive greater transformation within the retail industry in China and at the same time meet the ever-changing and increasing needs of consumers in the country.”

China’s retail property market is and will continue to be a popular investment destination for investors, developers and retailers, given the measures from the central and local governments to stimulate consumption, Chinese consumers’ continual pursuit in upgrading the goods that they buy, the launch of retail property C-REITs, and the general sustainable development within the overall retail industry.

Shaun Brodie, Head of Business Development Services, East China & Greater China Research Content, Head of Greater China Occupier Research, Cushman & Wakefield said, “In Greater China, consumer demand volume still has potential to be further expanded. Looking forward to the future, a series of policies to promote consumption will be implemented to drive this expansion as well as the upgrading of China’s consumer market. Retailers and landlords of shopping centres will need to keep up with the latest market trends and constantly innovate to meet the increasingly diverse consumption needs of Chinese consumers.”

In order to cater to the changing market and increasingly diversified needs of Chinese consumers, shopping centre owners and retailers will continue to try to broaden the consumption market and innovate new business models and retail concepts. In terms of demand, the main focus trends are and will be as follows:

  • The general boosting of consumption;
  • Chinese brand expansion;
  • Auto brand demand, and;
  • Pop culture-driven development.

Looking ahead, we expect a number of factors, including a series of pro-consumption policies and individual city initiatives, to drive retail market growth.

Beijing

By the end of H1 2023, the total stock in Beijing’s retail market was 16.1 million sq m, of which shopping centres recorded 14.2 million sq m.

With improving consumer sentiment, customer footfall in shopping centres in the city gradually rebounded in H1 2023. Additionally, new store openings were mainly high-end boutiques and the launches of branded first stores, especially in the high-end fashion retail sector. As of H1 2023, the average asking rental in the core submarkets dropped slightly to RMB2,250 per sq m per month, while the vacancy rate remained stable at 10%.

With the gradual recovery of the consumer market, the pace of upgrading and renewal in the Beijing retail market picked up. Around 1 million sq m of new supply is scheduled to enter the market in H2 2023. We expect that the continued enhancement of the retail environment and higher project quality will create new consumption growth points and boost the development of Beijing as an international consumption centre city in the near future.

Shanghai

According to the Shanghai Municipal Bureau of Statistics, the city’s consumer goods retail sales totalled RMB937.8 billion in H1 2023, increasing by 23.5% y-o-y. Strong retail market fundamentals have continued to attract interest in Shanghai’s retail market from brands, investors and developers, as reflected in the launch of five new projects during H1 2023.

By the end of Q2 2023, the overall vacancy rate in the Shanghai mid- to high-end shopping centre market fell to 9.6%, down 0.5 percentage points q-o-q. Demonstrating the strong recovery in the retail market, this is the lowest vacancy rate recorded for the city’s prime retail property market since 2022. Meanwhile, the average first floor asking rent in core areas climbed to RMB1,891.9 per sq m per month, up 0.5% q-o-q.

To capitalise on the opportunities in Shanghai’s expanding consumer market, more overseas and domestic retailers, ranging from fashion to food and beverage (F&B) brands, are planning to enter or further penetrate the retail market with ambitious business expansion plans. Thus, the overall vacancy rate is expected to fall within a reasonable range into the rest of 2023.

Shenzhen

The opening of the Rail In project and Shenzhen MixC Phase III in H1 2023 pushed Shenzhen’s total prime retail stock to 6.4 million sq m.

Shopper footfall in shopping centres displayed a clear improvement in the first half of this year, with demand for F&B and essential goods most active. The citywide vacancy rate subsequently dropped 1.4 percentage points over the half year to 9.0% at the end of Q2. Most landlords hold an optimistic attitude to the future market and as a result, prime space rental levels remained firm at RMB809.4 per sq m per month.

Shenzhen is expected to add 1.1 million sq m of new supply through to end of 2024. Some F&B brands are seeing opportunities and expanding to benchmark projects in the emerging submarkets, albeit with a more cautious attitude. The city is aiming to further develop its consumption centre credentials via shopping promotions, attracting new brands and first stores, and expanding the events sector. Nonetheless, the full resumption of consumer demand will depend upon overall economic recovery, disposable income improvement, and the restoration of consumer confidence.

Guangzhou

In the first half of 2023, the gradual restoration of normal production and living promoted improvement in Guangzhou’s macroeconomic environment. However, the retail property market will take some time to recover. Over the past six months, no new supply completed in Guangzhou’s prime retail market. Thus, total stock remained at 5.01 million sq m.

The increase in operating revenue has brought confidence with some brands now expanding their business. Thus, after experiencing four consecutive quarters of increase, the city’s overall vacancy rate has dropped to 7.0%. Subsequently, the rental level within the core business district has remained robust, supporting the stability of the city’s average rent in the first half of the year.

It is expected that 679,000 sq m of new supply will enter the market through the second half of 2023, making market competition more intense. Looking ahead, the improvement in consumer purchasing power and market confidence is expected to bring further support to Guangzhou’s retail property market.

Chengdu

In H1 2023, the entrance of Joyous Time into the market brought about 200,000 sq m of new supply, pushing the city’s total stock up to 7.98 million sq m. In 2023 Q2, Chengdu’s retail market stock ranked third in the country, trailing only Beijing and Shanghai.

Because most of the new projects are large-scale community commerce or regional projects, rental in Chengdu’s retail market continued to show a downward trend. This quarter, the city’s average rent dropped by 0.59% q-o-q to RMB611.21 per sq m per month. Meanwhile, with the easing of the pandemic, activity within Chengdu’s retail market increased. Subsequently, the city’s overall vacancy fell a further 0.68 percentage points y-o-y to 6.18% in Q2 2023.

In H2 2023, with the entrance of two high-quality retail property projects, Tianfu Joy-City and Tianfu Merchants Garden City, into the market, a new business centre in Chengdu is expected to take shape.

Hangzhou

Since the beginning of this year, the Hangzhou government has systematically promoted the “8+4” policy system, with an all-out effort to generate an economic turnaround. Thanks to this, the city’s consumer market continued to pick up in H1 2023.

The continuously optimised business environment has prompted vitality in the market. During H1 2023, two commercial projects, with a combined 305,000 sq m of new retail space, opened in Hangzhou. Meanwhile, the existing stock of retail properties continued to create strong content drivers through the enrichment of brands, operational innovation and the enhancement of the shopping experience. These moves have helped to strengthen competitive advantages.

Acting as a significant measure to implement the strategy of expanding domestic demand, in the near future, the normalised issuance of consumer infrastructure REITs will help to revitalise the stock assets of prime retail properties in Hangzhou and promote the transformation of the industry’s operating model in the city.

Hong Kong

Over the past six months, with Hong Kong’s border reopening with the world, the number of visitors to the city has increased significantly. The retail market has gradually recovered, and various economic indicators have shown improvement. In addition, the Hong Kong government has distributed consumption vouchers to further stimulate spending in the retail market.

With this positive news, retailers have reviewed and strategised their expansion plans. Among different retail categories, those popular with mainland visitors have benefited the most from the border reopening. Over the last six months, leasing activities have been most active in the pharmacy, jewellery and watch brand sectors.

The gradual recovery of leasing activities has also led to a steady increase in rents on high streets, while the vacancy rates in various submarkets have continued to drop. Significantly, the average vacancy rate fell to about 9% in Q2 2023, which is a three-year record low.

Finally, the consumption pattern of mainland visitors has shifted towards experience-based activities rather than pure consumer-based ones, which has deterred some large brands from expanding.

Taipei

Last year, as vaccination rates rose and restrictions eased, the business districts in Taipei gradually began to recover, boosting retailer confidence in the city and filling vacant units.

By Q2 2023, the vacancy rate in Ximen in particular had dropped for four consecutive quarters, reaching 11.1%. Meanwhile, due to a lack of compelling retailer attraction in the short term, the vacancy rate in Zhongxiao remained at 13.8%. In Zhongshan-Nanjing, retail business activity remained with the submarket’s vacancy rate reaching 5.3% at the end of the fist half of the year.

In the latter half of H2 2023, international tourists are expected to return. Domestic tourism, however, will continue to remain the key driver for consumption in Taipei’s retail market.

Today, in the wake of the pandemic, consumers are now prioritising quality of life, preferences, and unique experiences. The focus for commercial retail spaces in the city is now on creating unique retail environments and shopping experiences rather than just simple product display.

Please click here to download the full report

Hashtag: #Cushman&Wakefield

The issuer is solely responsible for the content of this announcement.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2022, the firm reported global revenue of US$10.1 billion across its core services of valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit .

2023 AI+Intelligent Manufacturing Innovation Conference and Create@Alibaba Cloud “Intelligent Manufacturing Track” Global Finals successfully concluded

NINGBO, CHINA – Media OutReach – 31 August 2023 – The AI+Intelligent Manufacturing Innovation Conference & Create@Alibaba Cloud “Intelligent Manufacturing Track” Global Finals “was held successfully on August 24, 2023 in Haishu District, Ningbo. The conference was attended by leaders of relevant units in Ningbo and Haishu District, experts in the AI and intelligent manufacturing industries, investors, entrepreneurs, and many others, who discussed in depth the industrial transformation and innovative development trend of intelligent manufacturing under the AI wave.

2023 is the “outbreak year” of artificial intelligence, and the AI big model is becoming a key force to empower thousands of industries and lead industrial transformation. At the same time, vigorously developing the artificial intelligence industry and promoting the integration of artificial intelligence and the real economy have also become key measures for regional development, among which the combination of artificial intelligence and trillion-output manufacturing industry has attracted much attention.

According to reports, the Create@Alibaba Cloud “Intelligent Manufacturing Track” Global Finals Global Challenge began in 2015, and it is a global technology entrepreneurship competition brand initiated by Alibaba Cloud, covering nearly 100 cities in more than ten countries worldwide, and is referred to as the “Olympics” in scientific and technological circles. Global Finals of the 2023 Create @ Alibaba Cloud “Intelligent Manufacturing Track” Global Challenge are directed by Ningbo Economic and Information Bureau, hosted by Ningbo Haishu District People’s Government, Alibaba (Ningbo) Co., Ltd., and Alibaba Cloud Computing Co., Ltd., and carried out by Alibaba Cloud Innovation Centre.

Cutting-edge technology plus intelligent manufacturing, 23 innovative enterprises and a number of expert judges gathered in Ningbo.

On the morning of August 24th, 2023 Create @ Alibaba Cloud “Intelligent Manufacturing Track” Global Finals successfully concluded. The competition lasted for 4 months, attracting more than 400 companies from China, the United States, Britain, Germany, India, South Korea and other countries to participate in the competition. After the five major competition areas of the Yangtze River Delta, Beijing-Tianjin-Hebei, Guangdong-Hong Kong-Macao, overseas and Maker in Beijing, 23 innovative companies finally entered the global finals, covering smart sensors, spectrum detection, chip design, intelligent gateways and other fields, including many frontiers such as industrial AI.

Liu Yuan, Partner of Zhen Fund, Zhu Bo, Partner/Deputy General Manager of Zhongyu Zhiyuan, Xu Shance, Founder of Zhuodai Capital, Sun Lili, Partner of Zhuodai Capital, Zhang Aiguo, Managing Director of Bronze Capital, Liang Xiangbing, Investment Director of Ningbo Chengtou Yongcheng, Zhong Xiaoling, Investment Director of Ningbo Yongshuiqiao, Kurnaedi, Senior Investment Manager of Ningbo Kaitou Yanrun Capital, Wang Zhiqin, Senior Investment Manager of Cailletet Capital, Yan Xiaoyong, Investment Manager of Ningbo Angel Guidance Fund, Wei Yiren, Director of Alibaba Cloud Industrial Internet of Things Solutions, and Zuo Xiaoan, Director of Create @ Alibaba Cloud “Intelligent Manufacturing Track” Global Finals, as the judges of this competition, interacted with the finalists.

After fierce competition in the finals, Jilin Qiushi Spectral Data Technology Co., Ltd. won the Global Challenge championship. Sunzhan Technology (Shenzhen) Co., Ltd., Shenzhen Boci Technology Co., Ltd., Paifang Technology (Tianjin) Co., Ltd., Beijing Gengdun Data Technology Co., Ltd., Shanghai Bongding Smart Technology Co., Ltd., Jiangsu Ouruan Information Technology Co., Ltd., Ningbo Jiuzong Intelligent Technology Co., Ltd., Boyun Jianri (Shenzhen) Intelligent Technology Co., Ltd., Beijing Huanyu Lanbo Technology Co., Ltd., AsiaInfo Technology (China) Co., Ltd., ZTE Communications (Nanjing) Co., Ltd. won the “Innovation Application Award”.

Shanghai Shuowu Tiancheng Information Technology Co., Ltd., China Railway 14th Bureau Group Fangqiao Co., Ltd. Intelligent Equipment Branch, starlink, Capital Information Development Co., Ltd., Shanghai Shuyi Intelligent Technology Co., Ltd., Beijing Shangxun Technology Co., Ltd., BANF, Shanghai Shangjian Hanzeng Software Technology Co., Ltd., Mianjie (Beijing) Network Technology Co., Ltd., Eleven companies including Linx Deep Information Technology INC and Hong Kong Phoenix Nirvana Technology Co., Ltd. won the “Innovation Breakthrough Award”, and Shanghai Bongding Smart Technology Co., Ltd. won the “Best Popularity Award”.

Jilin Qiushi Spectral Data Technology Co., Ltd., the winner of this competition, is a research and development service provider of spectral instruments, and has independently developed spectral luminescent materials. Its product line includes “Yi Spectrum” series products, spectral chips and products around which harmful substances in consumer goods are detected and identified online on the platform of smart phones. Founded in 2017, the company has obtained two rounds of financing so far and has achieved KK-level mass production.

Cao Jie, deputy director of Haishu District’s Standing Committee of the People’s Congress and commander-in-chief of Cuibaili Innovation District’s development and construction headquarters, stated in his speech that Haishu District and Alibaba Cloud jointly founded the Create @ Alibaba Cloud “Intelligent Manufacturing Track” Global Finals “Global Challenge,” which is an important starting point for Haishu District to develop intelligent manufacturing clusters and enterprises. As Ningbo’s core city, Haishu District is deeply implementing the legal system strategy of national manufacturing power, network power, and digital power, actively responding to Ningbo’s call to build a global manufacturing innovation capital, a leading city of industrial internet, and a pioneering city of high-quality digital economy development in China, by strengthening the industrial work system, building a functional platform, and focusing on advantageous industries. He also emphasised that Haishu District is steadily embarking on the journey of becoming a leading area of intelligent manufacturing industry in Zhejiang Province, and the demand for high-quality project talents is stronger than ever, urging more outstanding talents and projects to settle in Haishu.

It is understood that in addition to bonuses, the award-winning projects will also have the opportunity to become Alibaba Cloud-related ecological enterprises, receive Alibaba Cloud’s ecological resources support, and provide services such as landing subsidies, talent incentives and financing support provided by Haishu District of Ningbo City.

Open the imagination space of “intellectual creation”, and AI wave promotes the leap-forward development of manufacturing industry.

The AI+ Intelligent Manufacturing Innovation Conference and Finals Awards Ceremony were held successfully on the afternoon of August 24th. Huang Qinbo, deputy director of the Ningbo Economic and Information Bureau, Li Gao, deputy head of Ningbo City’s Haishu District, and Wang Xiaodong, vice president of Alibaba Cloud and head of the intelligent Internet of Things business, each delivered speeches. Furthermore, Wu Heli, executive vice minister of the Haishu District Committee’s Talent Office, shared the theme of “Walking into Haishu” and detailed the Haishu District’s talent plan. The 36Kr Research Institute’s president, Zou Pingzhen, provided a detailed interpretation of the Research Report on the Digital Transformation of China’s Manufacturing Industry in 2023. Alibaba DAMO Voice Laboratory’s product director, John Young, Jiao Zhiliang, deputy general manager of Alibaba Cloud Business Incubation Division, and Zhu Bo, partner/deputy general manager of Zhongyu Zhiyuan, Zhang Aiguo, managing director of Qingtong Capital, Ding Li, co-founder and CEO of Pleisto, and Chen Xianyong, vice president of Flexiv Technology also attended the conference and shared their thoughts on industrial development and venture capital under the new paradigm of AI.

In his speech at the conference, Huang Qinbo, deputy director of the Ningbo Economic and Information Bureau, stated that Ningbo’s manufacturing industry has a solid foundation and a complete industrial system, which provides rich application scenarios and a broad market space for the development of intelligent manufacturing. Many outstanding scholars and entrepreneurs in the fields of intelligent manufacturing and AI have participated in this competition. It is a platform for the integration and development of high-quality projects and capital markets, as well as a platform for the exchange and interaction of talents, projects, and capital. This competition is expected to significantly aid the ecological development of Ningbo’s intelligent manufacturing industry through measures such as policy release, talent gathering, benchmarking demonstration, and ecological assistance. It will continue to promote Alibaba Cloud and Ningbo’s strategic cooperation, as well as provide strong support for Ningbo’s new industrialization development.

In his speech, Li Gao, deputy head of Ningbo’s Haishu District, introduced the district’s history and development prospects, and invited entrepreneurs and entrepreneurs. He stated that in the future, Haishu District will construct an enterprise intellectual upgrading path of “digital workshop-smart factory-future factory” through the deep application of leading enterprises and digital transformation of small and medium-sized enterprises, with the goal of constructing more than 100 digital workshops by 2027.

Wang Xiaodong, vice president of Alibaba Cloud and head of intelligent Internet of Things business, said at the conference that generative artificial intelligence is triggering a new round of technological revolution around the world, and “AI+” has become a new label of intelligent manufacturing. As the world’s leading cloud computing and artificial intelligence technology company, Alibaba Cloud has been committed to using artificial intelligence technology to improve user experience and business efficiency. In the industrial field, Alibaba Cloud will further integrate the capabilities of the Thousand Questions model and Alibaba Cloud Internet of Things platform to provide intelligent solutions for enterprises and make the whole manufacturing process smarter and more efficient. And will use the power of digital technology to continuously serve local industries and innovative enterprises in Ningbo.

Wu Heli, executive deputy director of the Haishu District Committee’s Talent Office, also took the stage to detail the general situation, industrial development, and talent introduction policy of Haishu District to the participants. He stated that the Haishu District has a rich historical and cultural heritage and has always been regarded as the heart of Ningbo, the business district, and the core area of a well-known historical and cultural city. He also demonstrated all aspects of Haishu District, including its distinctive industries, location advantages, key development blocks, comprehensive facilities, and talent introduction plan.

During the conference, Huang Qinbo, deputy director of Ningbo Economic and Information Bureau, Wang Xiaodong, vice president of Alibaba Cloud and head of intelligent Internet of Things business, and Zou Ping, president of 36Kr Research Institute, attended the launching ceremony of the Research Report on Digital Transformation of China Manufacturing Industry in 2023. Zou Ping, President of 36Kr Research Institute, also made a detailed interpretation of the Research Report on Digital Transformation of China Manufacturing Industry in 2023. She deeply analyzed the influence of industrial Internet, artificial intelligence and other technologies on the R&D design, supply chain, manufacturing, marketing and after-sales service of manufacturing industry, and indicated that with the blessing of large model and multi-modal capability, artificial intelligence has the initiative service consciousness, and will penetrate all links of manufacturing industry and realize deeper application in the future.

New business models and innovative approaches will emerge one after the other under the new AI paradigm. John Young, product director of Alibaba DAMO Voice Lab, delivered a keynote speech on “Industry Application Innovation under the New AI Paradigm” at this conference. He stated that in the age of AI change, the model is becoming an increasingly important component of production. He also mentioned the concept of MaaS (Model as a Service) proposed by Alibaba Cloud for the first time in the industry last year, and detailed Alibaba Cloud’s product innovation in the field of big models using Tongyi Listening and Understanding as an example.

The new paradigm of AI is also expected to promote the emergence of a new wave of entrepreneurial upsurge. Liu Yuan, a partner of Zhen Fund, gave a keynote speech on “Thinking about Early Investment in AI Era” and shared the logic behind the investment of Zhen Fund. He introduced in detail the four types of entrepreneurs that Zhen Fund mainly faces, namely “little genius”, “old driver”, “trader” and “technical school”, and analyzed the current situation of AI+ track in terms of technology trends, market development, business model and other aspects, and suggested that entrepreneurs should always be curious and sensitive to cutting-edge technologies and take users and income as their main purposes.

Jiao Zhiliang, deputy general manager of Alibaba Cloud Business Incubation Division, moderated the roundtable forum, and guests included Zhu Bo, partner/deputy general manager of Zhongyu Zhiyuan, Zhang Aiguo, managing director of Qingtong Capital, Ding Li, co-founder and CEO of Pleisto, and Chen Xianyong, vice president of Flexiv Technology. Given the opportunities presented by the combination of AI and intelligent manufacturing, Zhu Bo believes that there is significant room for improvement in the manufacturing and management levels of the manufacturing industry, providing ample market opportunities for startups related to AI and intelligent manufacturing. According to Zhang Aiguo, investment opportunities in the AI+ manufacturing industry are structural, with the key being to find a good scene and demand points. Chen Xianyong and Ding Li shared their perspectives as entrepreneurs. Chen Xianyong demonstrated Flexiv Technology’s adaptive robot. He believes that by incorporating robots and artificial intelligence into the manufacturing process, the factory can truly usher in the intelligent stage. Ding Li, on the other hand, conducted a thorough examination of AI’s capability boundary and future technological development trend in the context of AI’s technological transformation.

The introduction of generative AI is ushering in a new round of industrial revolution. The digital and intelligent transformation faced by the manufacturing industry with trillions of dollars in output value is related not only to the enterprise, but also to the improvement of the country’s overall strength. The conference’s focus remained on the intelligent manufacturing track. Combining cutting-edge technology with regional industrial development not only stimulated the technological and business innovation of more new generation teams, but also added fuel to the fire of establishing a new highland of intelligent manufacturing.

Hashtag: #36Kr

The issuer is solely responsible for the content of this announcement.

Strategic Public Policy Forum: Enhancing Modular Integrated Construction (MiC) Supply Chain in the Greater Bay Area for Hong Kong Development

HONG KONG SAR – Media OutReach – 31 August 2023 – The Centre for Innovation in Construction and Infrastructure Development (CICID) and the MiC Laboratory (MiCLab) of the Department of Civil Engineering, The University of Hong Kong (HKU) held a Strategic Public Policy Forum titled “Modular Integrated Construction (MiC) Supply Chain in the Greater Bay Area for Hong Kong Development: Preliminary Policy Roadmap and Action Plan” on August 30. The event gathered prominent speakers from government, industry and academia to share state-of-the-art research, practices and policies for enhancing the MiC supply chain.

The Centre for Innovation in Construction and Infrastructure Development (CICID) and the MiC Laboratory (MiCLab) of the Department of Civil Engineering, The University of Hong Kong (HKU) held a Strategic Public Policy Forum titled
The Centre for Innovation in Construction and Infrastructure Development (CICID) and the MiC Laboratory (MiCLab) of the Department of Civil Engineering, The University of Hong Kong (HKU) held a Strategic Public Policy Forum titled “Modular Integrated Construction (MiC) Supply Chain in the Greater Bay Area for Hong Kong Development: Preliminary Policy Roadmap and Action Plan” on August 30.

Professor Wei PAN, Acting Executive Vice-President (Administration & Finance) of HKU and Director of MiCLab, delivered the Welcome Remarks. He emphasized the significant growth in MiC adoption in Hong Kong since 2017, but noted that the MiC supply chain faces various technical and management challenges.

“This Strategic Public Policy Research project aims to establish a favourable business environment and recommend a policy roadmap with an action plan for enhancing the MiC supply chain in the GBA for HK development. The forum as part of this research project is to share the preliminary policy roadmap and key findings of the project and to collect feedback from wide stakeholders. The insights and connections forged during this event will contribute to the advancement of not only the MiC supply chain but also the development of a more productive industry and sustainable built environment,” said Professor Pan.

Ir Ricky LAU, JP, Permanent Secretary for Development (Works) of the Development Bureau, HKSAR Government, delivered the Opening and Keynote speech. “CICID is an unfailing partner in supporting government’s initiatives in promoting MiC. This Forum today is a very timely occasion that brings together different industry leaders to offer views on how to enable the healthy development of MiC supply chain in the GBA. The forum represents the collaborative effort of the whole industry in developing the MiC technology and transforming our construction process”, he said.

Other distinguished speakers included Mr Jianming LIANG, President of the Guangdong Construction Industry Association; Ir Dr Conrad WONG, BBS, JP, Vice Chairman of Yau Lee Holdings Limited; Mr Michael LI, JP, Deputy Director of Architectural Services, Architectural Services Department, HKSAR Government; Dr David-John Gibbs, Director (Infrastructure Advisory) of Ernst & Young Transactions Limited; and Mr Kun DING, Executive Director of Yahgee Modular House. They shared their expertise, experience and insights regarding the MiC supply chain in the GBA to facilitate Hong Kong’s development.

In addition, witnessed by Ir Ricky LAU, Permanent Secretary for Development (Works), and Professor David Srolovitz, Dean of Engineering of HKU, Director of MiCLab Prof Wei PAN and Mr Michael LI, Deputy Director of Architectural Services of HKSAR Government jointly signed the Memorandum of Understanding to strengthen the Government-University collaboration on exploring opportunities to develop and promote the effective use of MiC and to support the research and development of MiC in Hong Kong and the Greater Bay Area, followed by the launch of a study on MiC safe lifting supported by the Development Bureau.

Hashtag: #HKU

The issuer is solely responsible for the content of this announcement.

About the forum

The forum is part of the research project entitled “Enhancing Modular Integrated Construction (MiC) Supply Chain in the Greater Bay Area (GBA) for Hong Kong (HK) Development”, led by Professor Wei PAN, Executive Director of CICID, HKU, and funded by the Strategic Public Policy Research (SPPR) funding scheme (Project Number: S2019.A8.013) of HKSAR Government.

About HKU CICID

CICID of HKU was established in 2002, aiming to foster continuous improvements and excellence in the construction industry and infrastructure development in particular, through the development of innovative strategies and techniques. CICID targets to be a “Centre of Excellence” for research, discourse and dissemination of innovations in infrastructure, construction management and methodologies, and interdisciplinary research.

About HKU MiCLab

MiCLab was established in 2020 to lead innovative research in MiC to enhance its widespread uptake and adoption in Hong Kong and beyond. MiCLab involves a team of researchers with diverse research backgrounds covering construction engineering and management, structural engineering and material science, computer and control science, and supply chain management, etc. MiCLab has been conducting systematic research and development on MiC.

Oudomxay Police Seize and Destroy Gambling Items from Underground Casinos

Police destroyed gambling tables on Monday after detaining 5 suspects.

Police in Xay District, Oudomxay Province destroyed gambling items that were earlier seized from illegal casinos and hotels on Monday.

Summer Fun at 7-Eleven with A Touch of Kyoto Style Doraemon Teams Up with Iconic Kyoto Brand SOU•SOU for the First Time Ever

Unveiling a Fresh and Exclusive Japanese Style Homeware Collection

HONG KONG SAR – Media OutReach – 31 August 2023 – The allure of Japanese design is captivating more and more Hongkongers as they seek minimalist yet distinctive pieces to elevate their living spaces. This summer, 7-Eleven is launching an all-new Japanese-inspired homeware collection to add “A Touch of Kyoto Style” to your home. In this first-of-its-kind collaboration, 7-Eleven has teamed up with the beloved Japanese cartoon character Doraemon and the renowned Kyoto-based brand SOU*SOU. The result? An enchanting crossover that blends SOU*SOU’s exquisite prints with the charm of Doraemon, stylishly captured in a series of 8 “A Touch of Kyoto Style” SOU GOOD glasses.

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These SOU GOOD Japanese Style Glasses come in two super cute designs: the SOU GOOD Roly Poly Glass with Lid and the SOU GOOD Dome Glass with Lid. Crafted from crystal-clear borosilicate glass, these glasses showcase a refined Japanese aesthetic, perfect for the summer season. The entire print collection has been lovingly created by Japanese designers from SOU*SOU. Among the standout designs is the whimsical “Number Games” glass, where Doraemon’s mischievous charm blends seamlessly with SOU*SOU’s iconic numeric patterns in vibrant summer hues. First up is the “Suzushiroso” design, featuring calming shades of blue reminiscent of Doraemon himself. Then there’s the “Serenity” design, an elegant nod to the artistry of an Easter egg. And lastly, the “Playful Patterns” design offers a contemporary and vibrant twist on traditional Kyoto motifs. Delicately detailed and full of colour, these prints effortlessly blend simplicity and playfulness and will surely put a smile on your face.

SOU GOOD Roly Poly Glass with Lid Series (four designs) – These glasses epitomise relaxation. With their unique rounded base design, their gentle sway transports you into the world of Doraemon, where all your worries fade away. Crafted from lightweight yet durable borosilicate glass, they’re as clear as a summer day and versatile enough to handle both icy cool refreshments and piping hot brews. Think homemade layered iced coffees or a rainbow of fruit-infused teas. And for those who enjoy a tipple or two, these glasses are perfect for swirling wine, letting it breathe and evolve with each delicate swirl. The multi-purpose lid not only keeps dust at bay but can also be placed at the base of the glass to stabilise it. It also doubles as a handy snack holder for nibbles. What’s more, the lids are adorned with different Doraemon designs – a charming additional detail.

SOU GOOD Dome Glass with Lid Series (four designs) – Brace yourself for a 3D spectacle, as Doraemon’s charming face graces the lids, adding extra excitement to every sip. Place the lids beneath the glass, and you’ll find Doraemon playfully peeking out as you enjoy your drink, creating a charmingly whimsical effect sure to delight you and your guests. The lids can be mixed and matched with different designs, so collect all four for limitless combinations! These glasses aren’t just for drinks – they’re versatile companions for your desk, elegantly storing everything from stationery to makeup brushes or even succulent plants. The possibilities are as endless as your imagination!

The 8 “A Touch of Kyoto Style” SOU GOOD Japanese Style Glasses will be exclusively available at 7-Eleven starting from 7am on 30 August. Calling all Doraemon and SOU*SOU fans – get ready to infuse your home with some Japanese-inspired style today!

‘A Touch of Kyoto Style’ SOU GOOD Japanese Style Glass Product Details

Suzushiroso (SOU GOOD Roly Poly Glass with Lid)

The iconic Suzushiroso pattern by SOU*SOU, combined with Doraemon’s signature blue, makes this glass a true standout. Making its debut in Hong Kong, this eye-catching design features Doraemon’s adorable face on the glass body, giving it a refreshing and minimalist look. Get ready to sip your favourite drinks in style with this cute crossover glass!

Playing with Numbers (SOU GOOD Roly Poly Glass with Lid)

Featuring SOU*SOU’s signature Playing with Numbers pattern and iconic gadgets like the Anywhere Door, Memory Bread, and Bamboo Copter, this vibrant and colourful glass will transport you straight into Doraemon’s whimsical world. Embrace your inner child and enjoy sipping your favourite drinks in this delightful work of art.

Burst (SOU GOOD Roly Poly Glass with Lid)

This design flawlessly fuses SOU*SOU’s timeless aesthetic and the cheeky charm of Doraemon, where delicate pink blossoms meet playful Doraemon motifs – a delightful summer symphony of romance!

Faintly (SOU GOOD Roly Poly Glass with Lid)

SOU*SOU’s soothing blue patterns are perfectly paired with the laid-back charm of Doraemon’s carefree face, evoking the feeling of savouring a hot matcha tea on a leisurely afternoon in a serene Kyoto garden. It’s a moment to unwind, embrace the gentle pace of life, and let your body and soul truly relax.

Chrysanthemum (SOU GOOD Dome Glass with Lid)

In. this design, Doraemon playfully peeks out from a lush bouquet of chrysanthemums, seamlessly blending with SOU*SOU’s signature style. And guess what’s on the vibrant red lid? A mischievous Doraemon sticking out his tongue, bringing a whole lot of cuteness and fun into the mix!

Japanese Alphabet Song (SOU GOOD Dome Glass with Lid)

Drawing inspiration from the Japanese 50 Sounds Song, the enduring patterns of SOU*SOU spring to life in this design. Teamed with the leisurely charm of Doraemon’s iconic face, the cup’s lid boasts a 3D, smiling Doraemon head, adding a fun and whimsical twist!

Playing with Traditional Patterns (SOU GOOD Dome Glass with Lid)

Classic Japanese patterns meet Doraemon’s playful yet confident expressions. This design cleverly captures the essence of Kyoto’s contemporary classic style with a touch of fun.

Smile (SOU GOOD Dome Glass with Lid)

In this design, Doraemon leisurely lounges on a bed of purple blooms in a serene Japanese garden – a scene straight from a serene daydream! And that laid-back expression on the cup lid? Well, it’s practically guaranteed to bring a smile to your face!

WARNING:

  • The purpose of this product is a drinks container, not a toy. Not suitable for children under 4 years old.
  • Children must use this product under adult supervision.


CAUTION:

  • Please avoid sudden temperature changes to prevent glass breakages.
  • If the product is cracked or damaged, please stop using it to avoid injury.
  • Not suitable for dishwasher, oven, open flame or induction cooker cooking. Please stay away from fire and heat sources.
  • This product is not recommended to be heated. If using microwave for heating, not more than 30 seconds and 800W to prevent product overheating and cause burning.
  • Do not microwave when the product is under frozen stage.
  • To avoid burning, when the product contains drinks with 40°C or above, please avoid direct contact with the outside of the glass during taking out.
  • Keep out of reach of children when the product contains hot drinks or right after heating.
  • The slight colour variance on decoration is an acceptable phenomenon.


USE AND CARE:

  • Wash before first use.
  • Do not put the product directly in the freezer or pour boiling water inside.
  • To avoid causing burns, do not overfill the product.
  • Clean this product carefully. Do not use hard items like steel wool, scouring cloth or corrosive cleaners.
  • Please handle the glass material carefully. Do not drop, hit or bump.
  • Do not use any metal or hard objects (such as ice cubes) to knock the product to avoid damaging the glass.
A Touch of Kyoto Style Collectible Programme Details:

Stamp Distribution Details:

From 30 August (7am) to 24 October 2023, customers will receive one stamp upon a $20# purchase and one more stamp for every additional $10 purchase at 7-Eleven stores*.

Redemption Details:

From 30 August (7am) to 27 October 2023, customers can redeem one SOU GOOD Japanese Style Glass randomly with 8 stamps plus $50, or two SOU GOOD Japanese Style Glasses randomly with 12 stamps plus $88.

Exclusive yuu Member Offer:

Promotion period: 30 August to 24 October 2023. Item redemption period in store: From 30 August (7am) to 27 October 2023, yuu Members can redeem one SOU GOOD Japanese Style Glass randomly with 8,800 yuu Points plus $12.

Also launching is the SOU GOOD Ceramic Plate – summer essentials to help you chill out at home. The ceramic dish comes in two styles: ‘Smile’ and ‘Suzushiroso,’ each with a handle for easy snack or dish serving – making meals a snap. It’s microwave-safe, dishwasher-friendly, and crafted from food-grade materials for fuss-free kitchen fun!”

SOU GOOD Ceramic Plate Product Details

SOU GOOD Ceramic Plate (Smile)

Against a backdrop of sky-blue, the flowers appear as if they’ve transformed into soft, fluffy clouds. This surreal design perfectly complements the enchanting Doraemon character, echoing his whimsical world. The food-grade ceramic dish is safe to showcase your culinary creations. Plus, it’s microwave and dishwasher-safe, making it super practical and great value!

Ceramic Dish Size: Approx. 22cm in length
Temperature Tolerance: 0-100°C

SOU GOOD Ceramic Plate (Suzushiroso)

Making its debut in Hong Kong, the fresh new ‘Suzushiroso’ design decorates this dish. Set against a simple white background, it exudes summer vibes. With a super cute Doraemon peeking at you, this irresistible dish will add a touch of style and charm to every meal. What’s more, this food-grade dish is safe for both the microwave and dishwasher. It’s a feast for both your eyes and taste buds. A must-have for any Doraemon or SOU*SOU fans!

Ceramic Dish Size: Approx. 22cm in length
Temperature Tolerance: 0-100°C

WARNING:

  • The purpose of this product is a food container, not a toy. Not suitable for children under 4 years old.
  • Children must use this product under adult supervision.
  • Chipped or cracked products should be discarded.

USE AND CARE:

  • Wash before first use.
  • Sudden changes in temperature may cause damage.
  • Do not put the product into microwave when it is under frozen condition.
  • To avoid overflow, do not overfill the product.
  • Do not use hard items like the steel wool or scouring cloth to avoid scratching when washing.
  • The slight colour variance on decoration is an acceptable phenomenon.
SOU GOOD Ceramic Dish with Handle Redemption Details:

From 30 August (7am) to 27 October 2023, customers can buy one SOU GOOD Ceramic Plate for $79. Limited quantity, while stocks last.

Exclusive yuu Member Offer:

Promotion period: 30 August (7am) to 27 October 2023. Item redemption period in store: From 30 August (7am) to 27 October 2023, yuu Members can redeem one SOU GOOD Ceramic Plate with 8,000 yuu Points plus $35. Limited quantity, while stocks last.

#Excluding the purchase of cigarettes, milk powder, diapers, collectible programme redemption items, online game cards, mobile prepaid sim/mobile sim cards/value-added coupons, Octopus cards/products, Macau Pass cards/products, gift cards, prepaid cards, admission tickets/tickets/stamps, and plastic shopping bag charges. Also excluding payment for the following services including but not limited to: Octopus last 10 transactions printout, prepayment, Pin-On-Receipt, bill payment, donation, top up (including but not limited to Octopus, Macau Pass/MPay, Alipay, WeChat Pay, Tap & Go, TNG, and other e-wallets), fax & photocopying, mobile phone charging services, parcel pick-up and return, locker services, parking fee payment, Inspiration Lake activities, self-service laundry etc. For more details, please visit our website.

Hashtag: #7ElevenHK

The issuer is solely responsible for the content of this announcement.