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Moloco looks to South East Asia to propel further growth

From customer success stories to new regional leadership team, the machine learning firm taps on sea of opportunity in the fastest-growing region

SINGAPORE – Media OutReach – 16 November 2022 – Moloco, a leader in machine learning solutions for growth and monetization, announced today that digital assets exchange Atom Asset Exchange (AAX) and live streaming application Bigo Live are utilizing Moloco Cloud Demand Side Platform (DSP) to fuel their growth in the South East Asia region.

Powered by Moloco’s proprietary machine learning algorithms, the Moloco Cloud DSP empowers growth marketers to leverage their own unique, first-party data to increase the returns on their advertising campaigns. Moloco Cloud DSP uses Deep Neural Networks to provide rapid and sustained return on ad spend (ROAS) through machine-scale automation. The prediction models are constantly updated, enabling marketers to consistently maximize return of investments on any goal: cost per install (CPI), cost per action (CPA), and ROAS.

AAX, the first exchange to use the Satoshi Standard (SATS) to drive the adoption of Bitcoin as well as the first to be powered by LSEG Technology, partnered with Moloco to better target high quality users who would not only download their app, but also sign-up and deposit. Together with Moloco, AAX created dynamic pricing ads, starting initially with 4 markets before expanding the campaign to encompass 40 markets covering Asia, Europe, South America, Africa and the Middle East. Overall, the campaign exceeded CPA targets by 75% on Android and 25% on iOS.

Meanwhile, live streaming application Bigo Live was also able to leverage Moloco’s Cloud DSP service for enhanced advertising. Developed by Singapore-based BIGO Technology, Bigo Live utilizes Artificial Intelligence and Real Time Communications to connect diversified communities around the world. The Bigo Live team partnered with Moloco to identify valuable, active users that would support their global expansion. Moloco brought to the table access to global inventories, enabling Bigo Live to expand to over 20 geographies, and guidance on iOS StoreKit Ad Network (SKAN) adoption when Apple’s SKAN system first debuted. The campaign also conducted A/B testing on creatives to enable further data-driven optimizations. Ultimately, the campaign exceeded CPA and CPI goals by 10-15%, depending on the geography.

To support Moloco’s continued expansion in South East Asia, the firm has further announced the appointments of Yu-Sien Low as Head of Demand Side Platform (DSP) Business, SEA & ANZ and Junho Lee as Head of Retail Media Platform (RMP) Business, SEA & ANZ to head up its two flagship business units.

Yu-Sien Low first joined Moloco in May 2021 as Director, Head of Account Management for Greater China and South East Asia. She previously worked in Google Singapore in the account management team and drove operational excellence. Prior to Moloco she was Head of Mid-Market, SEA in Criteo Singapore where she joined as a founding member.

“I’m honored to spearhead Moloco’s expansion in three of our most dynamic markets – South East Asia, Australia and New Zealand. We live in an era where ‘walled gardens’ like Facebook or Google threaten to block access to data and, by consequence, growth opportunities. Through Moloco’s deep learning and machine learning technology, I look forward to leveling the playing field and supporting companies of all shapes and sizes in unlocking their potential,” said Yu-Sien Low, Head of DSP Business, SEA & ANZ.

Junho Lee will head up Moloco’s RMP Business in SEA and ANZ to enable eCommerce players to drive Retail Media transformation with the right level of technologies. Before joining Moloco, Lee worked for Amazon Web Services for 6 years where he contributed in building new business practices over partner ecosystems and scalable cloud sales practices. He also held roles at leading IT companies including Samsung Electronics, Vodafone, and SK Telecom

Junho Lee, Head of RMP Business, SEA & ANZ said, “It’s a critical time for eCommerce marketplaces in South East Asia, Australia and New Zealand. As they look for solutions to propel their next stage of growth, Retail Media presents a market value of USD$100 billion in 2022 with rapid growth expected over the next 5 years. I’m excited to bring Moloco’s Machine Learning-based solution to market to transform eCommerce marketplaces and drive higher ROAS for merchants with relevant and personalized sponsored product recommendations based on real-time shopper behavior.”

For further information, please visit: www.moloco.com

Hashtag: #Moloco

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 .

About AAX

AAX is a top-tier digital assets exchange that caters to a global audience, with a vision of bringing the benefits of digital assets to everyone. Through an accessible range of products and by contributing to the conversation about digital assets and culture, we aim to empower the estimated 96% of people worldwide who do not yet own Bitcoin and other digital assets to build better and more inclusive economies.

Favored by more than three million users in over 160 countries, AAX is the first exchange to use the Satoshi Standard (SATS) to drive the adoption of Bitcoin. We are also the first to be powered by a world-class matching engine, offering high-yield savings packages, 200+ spot pairs, deeply liquid futures markets, regular discounts on major tokens, and a range of on-and off-ramp products.

About Bigo Live

Bigo Live is one of the world’s fastest-growing social live streaming platforms where users broadcast in real-time to share life moments, showcase their talents, and interact with people from around the world. Bigo Live has more than 400 million users in over 150 countries that represent 22 different languages. Launched in March 2016, Bigo Live is owned by BIGO Technology, an RTC (Real Time Communications) based products and services technology company based in Singapore.

For more information on Bigo Live please visit Bigo.tv or download Bigo Live on the App Store or Google Play.

Avery Dennison expands energy storage portfolio with electric vehicle battery solutions

Automotive industry in the region set to gain, with a full range of durable, dependable, safe, and sustainable products for the electric vehicle sector

SINGAPORE – Media OutReach – 16 November 2022 – Avery Dennison Corporation (NYSE:AVY), a leader in global materials science and manufacturing, has launched a range of products and solutions specially engineered for the electric vehicle (EV) battery ecosystem.

With supportive regulatory frameworks and economic incentives, a steady fall in battery prices, and the ambition to reach net-zero emissions, Asia Pacific sees accelerated adoption of EVs in the region, with new specifications coming to light, resulting in the need for a broader range of pressure-sensitive solutions that ensure durability, dependability, safety, and sustainability for the EV battery.

Avery Dennison’s comprehensive EV battery portfolio features advanced products that address every element of a lithium-ion battery, from cell to module to pack, providing various bonding and protection solutions for its components. The portfolio also features pressure-sensitive labels durable enough to carry critical information throughout the battery’s lifespan. In addition, the company uses radio-frequency identification (RFID) as part of its supply chain process and product optimization.

Hyo Xi, Director of Energy Storage at Avery Dennison APAC, said, “The battery is the heart of an electric vehicle. Despite its growing complexity, the future of EV battery production remains bright. With Avery Dennison’s long history in the automotive industry, our unique combination of materials expertise, and end-to-end technology, we believe our cutting-edge products will enable us to meet the EV industry’s unique demands and provide an all-rounded solution to our customers.”

Avery Dennison is mindful of the environmental impact of its materials and looks to build sustainable attributes into all its solutions, while efficiently using its resources. This includes designing their adhesives, facestocks, liners, and radio-frequency identification products to be recyclable.

“Connecting pressure-sensitive materials with sustainability builds upon the company’s foundation as an industry leader with strong commitments to innovation that minimize waste and carbon emissions, contributing to a circular economy,” Hyo Xi added.

Hashtag: #AveryDennison

Avery Dennison

Avery Dennison is a materials science and manufacturing company specialized in the design and manufacture of a wide variety of labeling and functional materials. Our expertise and global scale enable us to deliver innovative, sustainable and intelligent solutions to customers all over the world. Learn more at .

NaRaYa Announced as Official Sponsor of APEC Voices of the Future 2022 Held in Thailand

BANGKOK, THAILAND – News Direct – 16 November 2022 – NaRaYa, a lifestyle brand that offers handbags and accessories to customers worldwide, has signed on as official sponsor of APEC Voices of the Future 2022, which will be held in Bangkok, Thailand in parallel with the APEC CEO Summit 2022 between November 13-18, 2022.

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Under this year’s theme, “Open. Connect. Balance.” with an emphasis on readiness to drive APEC forward to be open to all opportunities, connect in all dimensions, and balance in all aspects. NaRaYa is the sponsor of the APEC Voices of the Future 2022 program, as well as designing and producing a special bag collection for programme members and meeting attendees. On November 14, the company will host a special event at its headquarters for the delegates to attend.

The APEC Voices of the Future program was first launched in 1998 in Kuala Lumpur, Malaysia. The event aims to provide opportunities for young people from 21 APEC economic zones to engage in activities that promote the exchange of perspectives and solutions on issues related to the future of economies in the Asia-Pacific region, where they discuss the challenging issues, opportunities, and solutions with the same objective as the APEC summit. Youth leaders will also be able to listen to the visions of executives from the world’s leading companies attending the APEC CEO summit.

NaRaYa was founded in 1989, in Bangkok, Thailand by Mr. Vassilios Lathouras and Ms. Wasna Roongsaenthong. NaRaYa’s products are artistically crafted, using high-quality materials to produce uniquely designed handbags and accessories at reasonable prices for everyone. The company is constantly developing products and expanding its product line to meet the ever-changing needs of consumers, while also supporting local communities across Thailand by providing job opportunities and generating income for locals.

“We are delighted to be a part of the APEC Voices of the Future 2022 program, which provides a platform for the younger generation to have their voices heard and to showcase their full potential to the world, and we are honored to be a part of their journey,” said Pasin Lathouras, Chief Corporate Strategy Officer of NaRaYa. Lathouras added, “I firmly believe in providing opportunities for the new generation, and I’m inspired by what they are doing to make the world a more equal, sustainable, and greener place. More and more people are becoming aware of global issues that are occurring around the world, and the younger generation has become the forefront in raising these issues.”

For more information about NaRaYa, please visit our website www.naraya.com

For more information about APEC VOTF 2022, please visit www.apecvoicesofthefuture.org/

Company Website
https://www.naraya.com/

Hashtag: #NaRaYa

GS1 Hong Kong Summit 2022 The Future is Now: Enabling Growth through “IDD” (Innovation, Disruption, Digital Transformation)

HONG KONG SAR – Media OutReach – 15 November 2022 – The GS1 HK Summit 2022 (“the Summit”) was held successfully today at the HK Convention & Exhibition Centre attracting more than 1,000 cross-industry delegates from Hong Kong and the Greater Bay Area (GBA) joining in-person and online. The Summit welcomes over 30 business leaders from sectors covering retail, F&B, property development, professional services, technology, financial services, to explore hot topics about sustainable value chain, digital trade finance, digital retail, metaverse, smart operations, trading in GBA, crisis and opportunities in F&B, etc.

(From left to right)
Ms. Anna Lin, Chief Executive, GS1 Hong Kong;
The Hon Peter Shiu, Legislative Council Member;
The Hon Jeffrey Lam, Executive Council & Legislative Council member;
Mr. Liu Yajun, Deputy Director-General of Economic Affairs Department & Head of Commercial Office, Liaison Office of the Central People’s Government in the HKSAR;
Ms. May Chung, Vice Chairman GS1 Hong Kong;
Mr. Michael Wong, Acting Financial Secretary, The Government of the HKSAR;
Prof. Sun Dong, Secretary for Innovation, Technology and Industry, The Government of the HKSAR;
Dr. Bernard Chan, Under Secretary for Commerce and Economic Development;
The Hon Frankie Yick, Legislative Council Member;
The Hon Duncan Chiu, Legislative Council Member.

Themed “The Future is Now: Enabling Growth through ‘IDD'”, the Summit was inaugurated by Guest of Honour Mr. Michael Wong, Acting Financial Secretary of the HKSAR Government, who delivered the opening address. He noted that the National 14th Five-Year Plan indicates clear support for Hong Kong’s development into an international I&T hub, and the HKSAR Government has set forth forward-looking initiatives in terms of land development, promoting R&D, strengthening talent pool and more to complement. Examples include developing the Hong Kong-Shenzhen Innovation and Technology Park (HSITP) in the Lok Ma Chau Loop, or initiating Digital Economy Development Committee (DEDC) to tap into the counsel of experts for high-quality digital industry development.

He believed that with cross-industry stakeholders gathered at today’s Summit for meaningful exchange on innovation and technology development, it would help foster business collaborations in a big way.

Ms. May Chung, Vice-chairman of GS1 Hong Kong said in her welcome address that even as the pandemic-induced disruptions remain, there are opportunities within the crisis. She added that the 3 next big developments and focus of GS1 HK are vital to merchants embracing the changes and opportunities in the digital era, including 1QR, a QR code that connects consumers to diverse information covering product specification, benefits, nutrient value, authentication and traceability information; digital trade financing solution that is built on the trusted trade data over ezTRADE platform, designed to reliving SMEs’ cash-flow issue; and the data intelligence-based smart operations solution for better business decision making.

Ar. Donald Choi, Executive Director and CEO of Chinachem Group kicked off the Summit with a keynote speech titled “Enabling the Transformation Journey Through Innovation and Disruption”. He underscored the importance of fusing entrainment, retail, F&B, co-working space and culture to deliver an integrated carnival-like unique experience, in order to turn consumer into loyal customer. In the various plenary sessions and track sessions that followed, thought-leaders from a mix of industries shared how technology and sustainability are reshaping the future of retail, finance, healthcare and other sectors. In Entrepreneur Forum, the top executives of various F&B companies shared their experience and success formula, on how to withstand adversity and thrive through the pandemic.

Ms. Anna Lin, Chief Executive of GS1 HK, thanked the guests and delegates and offered a few key takeaways, “Digitalization and smart technology adoption will sustain their momentum across businesses. Companies can start with the basics, by adding a unique digital ID as passport for online and offline trade. Secondly, business should continue to strengthen supply chain, digitally connect with trading partners, enabling visibility and consumer transparency. Lastly, data is the new currency that we need to derive meaningful insight, to help make better business decision.”

Hashtag: #GS1HongKong

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

About GS1 Hong Kong

Founded by the Hong Kong General Chamber of Commerce in 1989, GS1 Hong Kong is the local chapter of GS1®, which supports companies’ digitalisation to enhance supply chain transparency and efficiency, ensure product authenticity, and facilitate online and offline commerce with global supply chain standards (including GTIN & barcodes) and a full spectrum of standard-based platforms, solutions and services.

Currently, GS1 HK has around 8,000 corporate members covering close to 20 industries including retail consumer goods, food and food services, healthcare, apparel, logistics as well as information and technology. By engaging with communities of trading partners, industry organisations, government, and technology providers, GS1 HK is fostering a collaborative ecosystem with the vision of “Smarter Business, Better Life”.

Headquartered in Brussels, Belgium, GS1® is a not-for-profit, standards organisation that has 115 national chapters serving 150 economies globally. For more information, please visit .

Road Accidents Kill 71 People in October

Photo Credit: Laopost

Laos recorded 71 deaths in October and according to the Traffic Police department, the most deaths and accidents occurred in Vientiane Capital.  

Organizations Discuss Sustainable Development Opportunities in Vientiane Capital

A series of events on sustainable development took place in Vientiane Capital between 10-11 November.

DHL: Incoming capacity poses fresh challenges for ocean freight

SINGAPORE – Media OutReach – 15 November 2022 – The DHL Ocean Freight Market Update Report November 2022 is now available. Below are highlights of the latest developments of the global ocean freight market in this monthly analysis by DHL Global Forwarding.

  • Demand outlook – Various events such as war in Ukraine, the energy crisis and inflation are lowering consumer spend, and thus demand in goods. “With the downward shift in market rates, it is crucial to provide our customers with the best solutions to optimize their costs in the months to come,” said Kelvin Leung, CEO, DHL Global Forwarding Asia Pacific.
  • Capacity – With a huge number of new large containerships hitting the water in 2023 at a time of stagnating demand, the liner shipping market might be headed towards structural overcapacity which could impact profits.
  • China – While port-related congestion issues in Europe and the U.S. have lessened, supply chain disruptions are continuing in China which show no signs of easing pandemic-driven restrictions, thus dampening both international trade and China’s own economic growth.
  • “We are closely monitoring the situation in China, and hope to see some loosening of the restrictions by next year. This would allow manufacturers to plan production and deliveries more efficiently. It would also boost growth and confidence in the important Chinese domestic market,” added Leung.

  • Economic outlook – The latest PMI surveys signalled that the downturn in global economic activity is showing no sign of relenting. Bennett Parrish, Global Economist at J.P.Morgan, added, “With demand weak, geopolitical and market volatility high, and inflationary pressures still elevated, the growth outlook remains downbeat for the remainder of the year.”
  • The eurozone economy looks set to contract in the fourth quarter given the steepening loss of output and deteriorating demand picture seen in October. The U.S. economy is also struggling with manufacturing activity growing at its slowest pace.
  • Shifting rates – The combination of a lowered demand, along with growing capacity, has led to a drop in rates. Across many trade lanes, cargo volumes are weakening, and spot freight rates are projected to move back to pre-pandemic levels.

The DHL Ocean Freight Market Update is a monthly report by DHL Global Forwarding which tracks and analyses the latest developments of the global ocean freight market. Read the full analysis on DHL’s Logistics of Things here.

Hashtag: #DHL

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 380,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 81 billion euros in 2021. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve net-zero emissions logistics by 2050.

Melco’s Jade Dragon honored as Macau’s one and only Black Diamond restaurant by Trip.com Gourmet 2022 Global Elite Restaurant List

MACAU SAR – Media OutReach – 15 November 2022 – Melco Resorts & Entertainment announces Jade Dragon, its signature Cantonese fine-dining restaurant at City of Dreams, continues to uphold its status as Macau’s one and only Black Diamond restaurant by Trip.com Gourmet 2022 Global Elite Restaurant List for the second consecutive year.

Jade Dragon is further recognized by Michelin Guide Hong Kong Macau 2022 with Three Michelin-Stars and Black Pearl Restaurant Guide 2022 with Three Diamonds, being the only restaurant in Macau to achieve the highest honors in all three prestigious culinary ranking platforms. Jade Dragon presents exquisite culinary masterpieces created with the freshest seasonal ingredients and delectable delicacies. With spectacular designer décor and superlative personalized service, the restaurant sets the benchmark for fine dining in Macau.

Jade Dragon’s honors and awards include:

  • Trip.com Gourmet Global Elite Restaurant List 2021-2022 (Black Diamond)
  • Black Pearl Restaurant Guide 2018, 2020 – 2022 (Three Diamonds)
  • Black Pearl Restaurant Guide 2019 (Two Diamonds)
  • Michelin Guide Hong Kong Macau 2019 – 2022 (Three Stars)
  • Michelin Guide Hong Kong Macau 2016 – 2018 (Two Stars)
  • Michelin Guide Hong Kong Macau 2014 – 2015 (One Star)
  • Forbes Travel Guide Five-Star Awards 2014 – 2022
  • SCMP 100 Top Tables 2014 – 2022
  • Wine Spectator Best of Award of Excellence 2014 – 2022
  • Tatler Dining Best Restaurants Hong Kong & Macau 2017 – 2021 (Best Restaurant)

The recently announced Trip.com Gourmet’s 2022 Global Elite Restaurant List also presented Alain Ducasse at Morpheus a Diamond accolade while at City of Dreams and Studio City’s Pearl Dragon each garnered Platinum Gold awards. Additionally, City of Dreams’ L’ATTITUDE, Studio City’s Spotlight and Kiku and Altira Macau’s Ying each won Gold awards.

Mr. David Sisk, Melco’s Chief Operating Officer of Macau Resorts, said, “The achievements highlight Melco’s ongoing contribution towards Macau’s development as a world center of tourism and leisure, and our commitment to elevating the city’s presence on the global culinary scene as a UNESCO-designated Creative City of Gastronomy. We are grateful for the work of our wonderful F&B teams and thank the organizers for the recognition. We will continue to provide a safe environment in which we welcome back visitors and locals as they experience Melco’s diversified and memorable offerings.”

Trip.com Gourmet‘s Global Elite Restaurant List was launched in 2016 to provide travelers with accessible food and restaurant recommendations. The 2022 edition of the Global Elite Restaurant List covers restaurants spanning across 66 Chinese cities. Restaurants are selected based Trip.com user reviews and assessments by an expert jury panel. The five tiers of the awards include Black Diamond, Diamond, Platinum, Gold and Silver.

Hashtag: #Melco

About Melco Resorts & Entertainment Limited

The Company, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau (), an integrated resort located at Taipa, Macau and City of Dreams (), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs (), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company is currently developing City of Dreams Mediterranean () in the Republic of Cyprus, which is expected to be the largest and premier integrated destination resort in Europe. The Company is currently operating a temporary casino, the first authorized casino in the Republic of Cyprus, and is licensed to operate four satellite casinos (“Cyprus Casinos”). Upon the opening of City of Dreams Mediterranean, the Company will continue to operate the satellite casinos while operation of the temporary casino will cease. For more information about the Company, please visit .

The Company is strongly supported by its single largest shareholder, Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited and is substantially owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.