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Tourism Sector Boosts Thailand GDP Growth to 4.5% in Q3

Thailand

Thailand’s revitalized tourism sector has given the country a much-needed economic boost, with gross domestic product (GDP) reaching a 4.5% year-on-year expansion in the third quarter.

Laos Cabinet Meeting Tackles Six Issues

The November cabinet meeting at the Prime Minister's Office | (Photo: KPL)
The November cabinet meeting at the Prime Minister's Office | (Photo: KPL)

The Government of Laos held its monthly cabinet meeting on Monday and Tuesday this week in Vientiane Capital. The meeting discussed solutions to issues such as improving the business environment and tackling economic hardship.

AIA is the first to bring a bespoke sustainable thematic fund from Robeco to the Singapore ILP market

AIA Sustainable Multi-Thematic Fund is differentiated by its focus on delivering measurable and positive impact

SINGAPORE – Media OutReach – 24 November 2022 – AIA Singapore today launched the AIA Sustainable Multi-Thematic Fund, making it the first bespoke sustainable thematic fund in Singapore for investment-linked products (ILPs). The sustainability fund will be available to customers through AIA’s comprehensive ILP offerings. It is also the first sustainability fund AIA has launched in Singapore.

Liu Chun Yen, Chief Investment Officer, AIA Singapore and member of the Sustainability in Insurance Committee (SIC) in Singapore says, “We are seeing increasing understanding on the importance of integrating sustainability factors into customers’ portfolio selection and investment decisions. The AIA Sustainable Multi-Thematic Fund is managed by Robeco, a leading Netherlands-based investment firm that has been at the forefront of sustainable investing. Robeco stands out for its commitment to driving real-world impact across key sustainable themes while delivering long-term financial returns.”

Robeco is recognised for their leading expertise in sustainable and thematic investing[1]. Robeco actively collaborates with financial institutions as part of their commitment to making financial markets more sustainable.

Nayan Patel, CEO of Robeco Singapore says, “We are delighted to work with AIA in launching the AIA Sustainable Multi-Thematic Fund for the Singapore ILP market. Robeco has been a leader in sustainable investing since 1995. In the past years, we have seen the growing number of investors adding impact goals to their financial objectives in their investment portfolios. Robeco is among the first asset managers to consider the real-world impact while capturing the investment opportunities from sustainable themes. In working with partners such as AIA, who are also committed to a more sustainable world, we will help to bring diversified impact investing to more ILP investors.”

Colin Graham, Head of Multi-Asset Strategies Robeco says, “The AIA Sustainable Multi-Thematic Fund offers investors a genuinely ambitious way of gaining exposure to the most significant sustainability themes of our time. All this in one diversified global equity portfolio. Robeco have been pioneers in thematic investing since the launch of our Sustainable Water Equities fund in 2001, one of the world’s first sustainable water strategies. So, our thematic fund range brings a new dimension to traditional wealth managers’ equity fund selection, focusing on value chains and product life cycle. AIA, in partnership with Robeco, is thinking beyond the traditional sector/region equity framework and are offering diversification through a combination of high conviction thematic strategies.”

The sustainability fund aims to outperform the MSCI World Index (Net Return) by pursuing investable themes that benefit from sustainability megatrends and which actively address social and environmental challenges, taking into account their real-world positive impact. The fund is focused on companies that contribute positively to one or more of the six themes, which include Sustainable Healthy Living, Smart Energy, Sustainable Water, Smart Materials, Smart Mobility and Circular Economy. The fund also seeks to manage market volatility through portfolio construction that optimises risk-adjusted return to provide stable long-term performances.

The bespoke multi-thematic fund consists of underlying strategies focused on sustainable outcomes.

Growing interest in sustainable investing

Sustainability is increasingly factored into investment-making decisions as more Singaporeans are beginning to understand the importance of environmental, social and governance (ESG) principles. In a recent survey conducted by the industry, it was found that 82 per cent of Gen Z and about 65 per cent of young millennial investors have ESG investments[2]. More and more investors are seeking financial products and services that are aligned to their personal values.

In a 2022 Singapore survey by WealthLens[3], it was revealed that nearly four in five of respondents (86 per cent) have sustainable investing and/or ESG funds in their investment portfolio. The survey also shared that close to half of respondents (47 per cent) are only interested to invest in companies with good ethical policies.

Commitments to the local community

AIA Singapore has also been ramping up its sustainability efforts in the local community. The company established the AIA Better Lives Fund in 2021 to help raise funds for children, youths, and families in need. The funds raised will go toward creating greater access and opportunities for education, growth, and development. These initiatives are part of the AIA One Billion movement which aims to engage a billion people across the region to live Healthier, Longer, Better Lives by 2030.

In 2021, AIA Singapore pledged S$5 million to the National Parks Board’s (NParks) registered charity and Institution of Public Character (IPC), the Garden City Fund, with the goal of planting 16,666 trees in Singapore’s parks and nature areas over five years. This is the largest contribution by an organisation to the OneMillionTrees movement and Garden City Fund’s Plant-A-Tree programme, to date.

As part of AIA Singapore’s Green Pledge to help create more urban green spaces across the city, the company will plant a tree for each customer who purchases from a select range of AIA investment-linked products[4] from 24 November 2022 to 31 December 2023 and invests in the AIA Sustainable Multi-Thematic Fund for a period of at least six months.

For more information on the AIA Sustainable Multi-Thematic Fund, please visit: https://www.aia.com.sg/en/help-support/funds-information/aia-sustainable-multi-thematic-fund.html


[1] https://www.robeco.com/sg/key-strengths/

[2] https://www.straitstimes.com/business/invest/esg-investing-not-just-for-millennials-and-gen-z-survey

[3] WealthLens™ 2022. Singapore Study (August 2022) Agility Research & Strategy. Powered by Affluential™

[4] AIA Singapore will plant a tree for each customer who purchases selected investment-linked product(s) such as AIA Pro Achiever 2.0 S$, AIA Pro Lifetime Protector II and AIA Invest Easy S$ – Cash & SRS, from 24 November 2022 to 31 December 2023, and invest in the AIA Sustainable Multi-Thematic Fund for at least 6 months. The number of trees for this campaign is capped at 4,000 trees during the period of 24 November 2022 to 31 December 2023.

Hashtag: #AIA

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

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR(1), Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR(2), and a 49 per cent joint venture in India.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$330 billion as of 30 June 2021.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 39 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).

About Robeco
Robeco is a pure-play international asset manager founded in 1929 with headquarters in Rotterdam, the Netherlands, and 16 offices worldwide. A global leader in sustainable investing since 1995, its integration of sustainable as well as fundamental and quantitative research enables the company to offer institutional and private investors an extensive selection of active investment strategies, for a broad range of asset classes. As at 30 June 2022, Robeco had EUR 178 billion in assets under management, of which EUR 171 billion is committed to ESG integration. Robeco is a subsidiary of ORIX Corporation Europe N.V.

Notes:
1. Hong Kong SAR refers to Hong Kong Special Administrative Region.
2. Macau SAR refers to Macau Special Administrative Region.

ROSEN, A LEADING LAW FIRM, Encourages Compass Minerals International, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – CMP

New York, New York – Newsfile Corp. – November 23, 2022 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Compass Minerals International, Inc. (NYSE: CMP) between October 31, 2017 and November 18, 2018, both dates inclusive (the “Class Period”), of the important December 20, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Compass Minerals securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Compass Minerals class action, go to https://rosenlegal.com/submit-form/?case_id=8924 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 20, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants repeatedly assured investors that the continuous mining and continuous haulage (“CMCH”) upgrade at the Goderich mine, the largest underground rock salt mine in the world located in Ontario, Canada, was on track to materially reduce costs and boost Compass Minerals’ operating results starting in 2018. However, defendants’ statements were misleading because they failed to tell investors that costs at the Goderich mine were increasing rather than decreasing. The Compass Materials class action lawsuit further alleges that defendants also misrepresented the amount of salt Compass Minerals was able to produce at Goderich using the new CMCH equipment and failed to disclose how the known and ongoing production shortfalls it was experiencing were reasonably expected to reduce its future operating income. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Compass Minerals class action, go to https://rosenlegal.com/submit-form/?case_id=8924 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

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

NTT Launches 360 Observability to Optimise Application Performance and Reduce Multi-Cloud and Hybrid IT Complexity

New Managed Service Powered by Cisco Full-Stack Observability Provides End-to-End Visibility Across Network, Infrastructure, and Applications

HONG KONG SAR – Media OutReach – 24 November 2022 – NTT Ltd., a leading infrastructure and services company, today announced the launch of 360 Observability. The managed service allows organisations to achieve deep visibility over their cloud-native applications, and hybrid IT and multicloud infrastructure correlated to business context across the entire IT stack.

It combines end-to-end maturity assessments of architectures and strategies tied to desired business outcomes and KPIs, and application monitoring for comprehensive visibility into contingent performance issues so teams can quickly remediate problems.

Today, modern applications operate in highly complex, distributed environments. Teams often struggle to deliver secure, exceptional and reliable digital experiences because they lack insights tied to business outcomes.

NTT’s 360 Observability, powered by Cisco Full-Stack Observability, moves beyond domain monitoring with a fully integrated approach to application performance, digital experiences, resource optimisation, multi-cloud infrastructure, and network and application security. With 360 Observability, teams can proactively identify, prioritise and resolve the most important issues that could impact the user experience and the overall business.

“For more than 30 years, NTT has helped clients with digital and cloud transformation. Our observability solution marks a new chapter for NTT and our clients,” said Oscar Garcia, Global SVP of strategy and technology, NTT Managed Cloud Services. “With Cisco technology, clients will have an end-to-end performance view across systems, applications, multiple clouds and networks using advanced analytics and automation to transform operations and deliver a superior customer experience.”

360 Observability has two components:

  • Observability Maturity Assessment: Provides the expertise and knowledge required to improve performance management and operational maturity, allowing teams to align to business and IT goals and objectives. This assessment identifies architectures and strategies to achieve desired business outcomes along with measurable KPIs.
  • Multi-cloud Application Monitoring: Provides data-driven application performance insights from the browser and mobile app to application middleware and backend databases. It includes a team of observability engineers and consultants who provide technical support and advisory tasks to operate and optimise the observability platform.

Key features of 360 Observability include application and infrastructure health checks, customisable monitoring dashboards, intelligent alerts and reports, and fault isolation and acceleration capabilities. Year-round proactive application monitoring provides businesses with real-time, comprehensive visibility into the full stack of available data, while observability assessments optimise costs and performance. This maximises digital business revenue, promotes proactive issue identification at the root, and empowers rapid remediation.

“Increasingly, customers want the flexibility to consume the most advanced observability and analytics as a managed service,” said Alexandra Zagury, VP of Partner Managed and as-a-Service Sales at Cisco. “NTT’s 360 Observability demonstrates how these capabilities can be jointly developed and delivered, built on a foundation of Cisco Full-Stack Observability, to help our shared customers achieve superior digital experiences, drive revenue, and accelerate digital transformation.”

Find out more about NTT’s 360 Observability solutions, here.

Hashtag: #NTT #360Observability

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

About NTT Ltd.

As part of NTT DATA, a USD 30 billion IT services provider, NTT Ltd. is a leading IT infrastructure and services company serving 65% of the Fortune Global 500 and more than 75% of the Fortune Global 100. We lay the foundation for organisations’ edge-to-cloud networking ecosystem, simplify the complexity of their workloads across multi-cloud environments, and innovate at the edge of their IT environments where networks, cloud and applications converge. We offer tailored infrastructure and ensure consistent best practices in design and operations across all of our secure, scalable and customisable data centers. On the journey towards a software-defined future, we support organisations with our platform-delivered infrastructure services. We enable a connected future.

Visit us at

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Discover more on and follow us on Twitter at .

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at . Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.

Shanghai Data Exchange Goes International, Becomes New Channel for Foreign Digital Business

SINGAPORE – Media OutReach – 24 November 2022 – The first stop of the Global Data Ecosystem Conference 2022 kicked off in Singapore on the afternoon of Nov. 22. The Singaporean stop is themed “International Data Trading Practice and Data Ecosystem Construction” and will have Singaporean government departments and agencies, as well as well-known international institutions and companies, as guests. The conference aims to promote the high-level opening-up of the data factor market, activate internal technology and capital flows and trade logistics relying on data flows, share data exchange practices, and co-build a new global data ecosystem according to the Digital Economy Partnership Agreement (DEPA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and other internationally generally accepted rules for the digital economy.

The Singaporean stop is an important part of this year’s conference. It is hosted by the Shanghai Data Exchange under the guidance of the organizing committee of the Global Data Ecosystem Conference and co-hosted by Yicai Media Group, with the help of SGTech, the leading trade association for Singapore’s tech industry, the International Data Spaces Association, Cosco Shipping Technology, and Chinese blockchain conglomerate OKG.

The success of the Singaporean stop is a good start for the conference. It helps build access to the international data factor market and data exchange, pursues and strives for development with a global perspective, advances the construction of a new global data ecosystem, and is also a significant gateway.

The conference will reportedly hold 20 high-level forums in Shanghai, Singapore, Shenzhen, Chongqing, and Hefei on the themes of “Basic Institutional Theories for Data Factors,” “Laws, Standards, Rules for Data Factors,” “Data Factor Exchange Ecosystem,” “Key Technologies for Data Factor Circulation,” “Data Factor Asset Practice,” and “Global Cooperation of Data Factors.” More than 500 data ecosystem companies and professional agencies, as well as over 200 guest speakers, will participate in the conference to discuss new forms, patterns, and development directions of the data ecosystem and promote data factor circulation and the development of the digital economy.

Shanghai and Singapore Share Opportunity as China Opens Up

The report to the 20th National Congress of the Communist Party of China stressed accelerating the development of the digital economy, further integrating the digital economy with the real economy, and building internationally competitive digital industry clusters. The digital economy is becoming a key force in reorganizing global factor resources, reshaping the global economic structure, and changing the global competition pattern. It is also an important foundation for accelerating the transformation of human society and promoting the construction of digital civilization. China is speeding up the application to join the CPTPP and the DEPA to match the world’s leading international rules on the digital economy, expand the opening up of the digital economy, and promote the orderly flow of data. Singapore has been successful in building a data factor market in recent years, and SGTradex, a data-sharing and exchange platform based on trade logistics, and SGFinDex, a data-sharing platform based on finance, have laid a solid foundation for Singapore’s digital economy.

With the mission of “building a data factor market and promoting data capitalization,” the Shanghai Data Exchange has set up the first overseas branch, in line with the positioning of building a national data exchange. The Shanghai Data Exchange picked Singapore as the first stop for “going overseas” and officially established a liaison office there to lay the foundation for the construction of the Shanghai Data Exchange’s international department, bridge Shanghai and Singapore, and promote the interconnection of their data ecosystems, so as to provide experience for international data flow principles and step up the global layout of the digital business ecosystem. Lu Yong, vice president of the Shanghai Data Exchange, and Antoine Cadoux, chief executive officer of SGTraDex Services, jointly unveiled the Shanghai Data Exchange-Singapore Liaison Office.

Heavyweight Guests Discuss About New Ecology of International Data Exchange

Lu Yong introduced the scale, main driving forces, development speed, and other factors of China’s data circulation and exchange market in a keynote speech named “Data Factor Market Building in China.” He noted that the “data ecosystem,” a concept first proposed by China, plays an indispensable role in data generation, innovative use, data circulation and exchange, data technology innovation, data governance and management, and others. China’s experience in data ecosystem development will be beneficial to promote the integrated development of the international data ecosystem, Lu pointed out.

Antoine Cadoux, Boris Otto, managing director of the Fraunhofer ISST and deputy chairman of the IDSA Board, and Lars Bäumann, IDSA ambassador to China, gave keynote speeches on data exchange practice sharing, telling their experiences in data exchange in Singapore and Europe.

In recent years, global companies have been working to create unified systems and platforms for data management, API services, and more. Kam Yoke May, engineering productivity director of the Government Technology Agency of Singapore, gave a keynote speech on “API Exchange (APEX),” demonstrating the innovative practice in public data opening and sharing.

James Liu, director of Financial Services at Google, made a speech titled “Make the World a Better Place Through Innovation & Disruptive Technology.” David Ng, Deloitte SEA Consulting, AI & Data director, gave a keynote speech on “Data Service Provider Practice.”

Since the Covid-19 pandemic, the global digital economy has entered a new stage. Alternative data covering a wide range of sources are widely used in various fields and have become an important production factor in the digital economy era, making the analysis and evaluation of alternative data an indispensable part of an economic situation analysis and business decision-making. The event featured a “Fireside Chat” themed “Alternative Data Innovation in Asset Management,” moderated by Jay Shen, senior expert of BAM Asia Pacific Data Strategy Partnership. Andrew Sun, chief revenue officer of CriAT, Alice Zhang, sales director of Datayes, David Dcolella, general manager of YipitData, and Lu Yong attended the event to discuss the innovative application and value of alternative data in different fields.

Xiao Shiqi, product director of OKLink, talked about “Web 3.0 Technology & Data Exchange.” He said that Web 3.0 is essentially a data evolution driven by technological innovation, as well as an industry ecology dedicated to data capitalization. Xiao believes that Web 3.0 can provide new ideas and solutions for the development of the data factor market from the aspects of data, technology, and application. Blockchain data, as an important part of the future data factor market, is greatly relevant to the future of cutting-edge innovations, including the blockchain industry and Web 3.0. However, as it is still in an early stage, the blockchain data industry needs more institutional players to promote the common prosperity of its ecology and the data factor market.

Hashtag: #YicaiMediaGroup

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

Moloco Announces Daisuke Yokokawa as VP, Global Marketing

Meta and Google veteran brings a robust background in adtech and e-commerce

SINGAPORE – Media OutReach – 24 November 2022 – Moloco, a leader in machine learning and growth solutions for performance marketers, today announced the appointment of Daisuke Yokokawa as Vice President, Global Marketing. Based in Singapore, Yokokawa will lead Moloco’s marketing teams globally, responsible for Product Marketing, Communications, Growth Marketing, and Brand Marketing. Yokokawa will also serve as the site lead for Moloco’s Singapore office.

Daisuke Yokokawa

Daisuke Yokokawa

Mr. Yokokawa’s appointment comes at a transformative time for Moloco. Moloco Cloud DSP, the company’s flagship product, is seeing significant growth as mobile marketers, now more than ever, rely on Moloco for consistent and scalable return on ad spend for their mobile ad campaigns. Additionally, Moloco Retail Media Platform for e-commerce marketplaces attracts attention as the only retail media solution focusing on the unique needs of marketplaces. It enables their merchants to create ad campaigns that increase discoverability and sales through relevant ad placements to the right shoppers at the right time.

“With Daisuke’s deep background in advertising, e-commerce, and global brand strategy, he is uniquely positioned to further Moloco’s continued growth. His experience aligns with our priority to position Moloco as the leader in performance ad-tech powered by machine learning, requiring fully optimized teams and robust partnerships to do so,” said Sunil Rayan, Chief Business Officer, Moloco.

As a senior leader with experience in consumer and business marketing in the global technology sector, Yokokawa brings a track record of growing businesses and brands through strategy design, launching innovative marketing programs across the customer life cycle, and building championship teams in geographically distributed and diverse cultures.

Yokokawa has held senior marketing roles at Meta, as Director of Marketing for Southeast Asia & Emerging Markets, and at Google, where he held product and business marketing positions in the US and Japan. Additionally, he held roles at Rakuten, The Boston Consulting Group, and Unilever. Most recently, he was Head of Retail Marketing APAC at Coinbase.

“Moloco’s vision of using its machine learning technology to bring more equity to the global economy for businesses of all sizes is inspiring. The products are best in class for optimized ad performance and, combined with its leadership and culture, it makes Moloco a great team to join,” said Daisuke Yokokawa, VP Global Marketing, Moloco.

Hashtag: #Moloco

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

About Moloco

Moloco’s goal is to make the digital economy more equitable and profitable by delivering advanced machine learning to companies of all sizes. With Moloco’s machine learning platform for growth and performance, every app publisher and online retailer can now unlock the value of their unique, first-party data. Moloco Cloud DSP enables performance marketers to scale user acquisition quickly and achieve greater lifetime value through battle-tested prediction models. Moloco Retail Media Platform enables online retailers and marketplaces to establish their own performance ad business. Moloco was founded in 2013 by a team of former Google machine learning engineers. Headquartered in Redwood City, Calif., Moloco has nine offices across the US, UK, Korea, China, Japan, and Singapore. For more information, visit .

Pattern Sees Accelerated Growth During Singles’ Day for Second Consecutive Year

Double 11 GMV for the company rose 180% year-over-year, outperforming the market and setting revenue records in China for its partner brands.

HONG KONG SAR – Media OutReach – 24 November 2022 – Pattern, the category leader for global ecommerce acceleration, recently closed another successful Singles’ Day sales event—driving accelerated growth for its partner brands during the world’s largest online shopping festival.

Pattern’s total gross merchandise value (GMV) in China during the 2022 Singles’ Day sales period was up 180% over the previous year—outperforming the market, which saw comparable GMV generated during Singles’ Day 2022 to the previous year.

Throughout the event, Pattern analysts observed strong demand for high-quality foreign products—a signal that Chinese shoppers are continuing to pursue quality over price. Health-related products, in particular, saw elevated demand driven by consumer preferences for prioritising personal health.

“A robust Double 11 sales event demonstrates the resilience of China’s economy, especially in the face of global economic headwinds, COVID-19 outbreaks, and supply chain disruption,” said Pattern Chief International Officer Chris Vincent. “As the second-largest economy in the world, China continues to be one of the most exciting opportunities for Western brands to expand their customer bases and drive growth.”

Pattern’s unique business model, local expertise, and patented ecommerce acceleration technology were all factors in the company’s 2022 Singles’ Day success. Partner brands that have been trading with Pattern in China for more than a year experienced an 88% uplift in sales year over year, on average, with many seeing their products in the top 10 of their respective categories.

“There’s nothing we love more than helping brands accelerate their growth, especially during a massive sales event like 11.11,” said Pattern Asia General Manager Arthur Cheung. “The strong result we delivered during Singles’ Day speaks to our relentless drive to support our brand partners in adapting to China’s unique ecosystem—leveraging a mixture of on and off-platform advertising, live streaming, influencer marketing, and localised content that resonates with Chinese shoppers.”

As the ecommerce and marketplace accelerator of choice for hundreds of consumer brands, Pattern acts as a trade partner and master distributor in key markets. The company is in the top 5% of all authorised Tmall trade partners, is one of the largest Amazon sellers in the world, and supports brands to accelerate sales on hundreds of critical marketplaces— including JD.com, Lazada, Shopee, Coupang, and eBay.

Pattern manages every aspect of a brand’s marketplace presence while providing actionable-data transparency and real-time visibility of key success metrics. Unlike other trade partners in the region, Pattern leverages a stock-buy model that creates uniquely aligned incentives and synergies that are proven to drive accelerated growth on Tmall and across hundreds of global marketplaces.

In addition, Pattern’s consulting team helps brands navigate the increasing complexity of online commerce—leveraging the latest data science to uncover opportunities for growth in China and throughout the Asia-Pacific region.

To learn how Pattern’s ecommerce acceleration platform can supercharge your brand’s ecommerce growth in China and beyond, please visit pattern.com/hk-en

Hashtag: #Pattern

About Pattern

Pattern is the category leader for global ecommerce and marketplace acceleration in China and beyond. Since its founding in 2013, Pattern has profitably grown to more than 1,200 employees operating from 22 global locations. Hundreds of global brands depend on Pattern’s ecommerce acceleration platform every day to drive profitable revenue growth on D2C websites and across hundreds of global marketplaces—including Tmall, JD.com, Lazada, Shopee, and Coupang. To learn more, visit or email press@pattern.com