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ARB to spin off its IoT Business via a listing on NASDAQ

The listing aims to accelerate the expansion and growth of its IoT business, raising a minimum gross proceeds of USD4 million (based on the issue price of at least USD4 per issue share)

Its IoT-business arm, ARB IoT Group Limited (“AIGL”) would enable the Group to unlock the value of its investment in the IoT business and efficiently allocate resources for its next phase of growth
AIGL Group has built up an IoT development ecosystem to help customers seize opportunities brought by new digital technologies with 4 business lines in IoT segment.
The proposed listing is expected to be completed tentatively by 4Q 2022, barring any unforeseen circumstances and is subject to all required approvals.

KUALA LUMPUR, MALAYSIA Media OutReach 12 August 2022 – Main Market-listed information technology (“IT”) software and platform provider ARB Berhad (“ARB” or “Group”) proposes to list ARB IOT Group Limited (“AIGL”), an indirect wholly-owned subsidiary of ARB Berhad on the NASDAQ Stock Exchange as a spin-off exercise of its IoT business arm (“Proposed Listing”).

AIGL provides a wide range of IoT system services, such as system integration and system support service. A filing with Bursa Malaysia today shows that the Proposed Listing will unlock the value of its investment in the IoT business and efficiently allocate resources to accelerate the expansion and growth of its IoT business.

ARB Berhad Executive Director Dato’ Sri Larry Liew Kok Leong (拿督斯里刘国良) said: “This Proposed Listing will be a new milestone for the Group. AIGL has a robust growth prospect given the evolving demand for new technology trends such as Artificial Intelligence (AI), cloud computing, robotic process automation, Internet-of-Things (IoTs) and hyper-connectivity, which continues to gain momentum.

Driven by favourable factors such as rapid urbanisation, a proliferation of technology and mobile devices and a shift from traditional agriculture to IoT agriculture in ASEAN countries, AIGL aims to be one of the top IoT players in the ASEAN region, particularly in agriculture, property development and logistics industries. “We intend to set up a regional hub for IoT technology in Singapore to support this initiative,” Dato’ Sri Larry said.

“To remain competitive in this fast-paced and ever-evolving industry, we need to invest strongly in the business operation, strategic acquisition and our research & development activities. The spin-off of our IoT business through a listing on the US NASDAQ Stock Exchange will help to provide us with the funding to pursue these expansion and growth opportunities.”

Dato’ Sri Liew also added that a successful listing of AIGL on the NASDAQ Stock Exchange will allow the Group to gain better recognition as a separate listing status, enhancing its corporate reputation, business profile and visibility which in turn will enable it to achieve greater market penetration.

“It’s not just financial flexibility that we are looking at with the listing of AIGL. As a standalone entity, AIGL will achieve greater market penetration and a wider customer base,” Liew said.

He also pointed out that the AIGL’s investor base could be widened through the participation of the global investing community, given the prominence of the NASDAQ Stock Exchange among global investors.

As for ARB, it would unlock the value of its investment through the share offering exercise under the Proposed Listing, thus enhancing the value for its shareholders.

AIGL expects to continue to deliver profitable growth, generate robust cash flow, and return capital to shareholders while maintaining a strong balance sheet. The Company will continue to prioritise opportunities by collaborating with the potential M&A targets to expand its geographical presence by taking advantage of cross-border business opportunities from 2022 onwards.

The filing with Bursa also shows that AIGL has built up an IoT development ecosystem to help customers address the challenges and opportunities of new digital technologies. Accordingly, AIGL Group has been organised into 4 business lines: IoT Smart Home & Building, IoT Smart Agriculture, IoT System Development, and IoT Gadget Distribution.

It added that the proposed utilisations of the proceed from the listing of AIGL on the NASDAQ Stock Exchange will be for the strategic acquisitions and investment activities of the Group, working capital and general corporate purposes, estimated listing expenses and research & development activities.

Going forward, Dato’ Sri Liew shared that the Group is in a good position to expand its business regionally and will accelerate the expansion of its IoT business by gaining new market share. Aside from that, AIGL will expand its customer base by growing its direct sales force and regional sales channels in new markets. The Company will also push towards operational improvement to drive earnings growth, expand margin and improve cashflow.

Barring any unforeseen circumstances and subject to all the required approvals being obtained, the Board of ARB expects the proposed listing of AIGL on the NASDAQ Stock Exchange to be completed by the fourth quarter of 2022.
Hashtag: #ARB

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

About ARB Berhad

ARB Berhad (“ARB” or “Company”) is incorporated in Malaysia under the ACT in October 1997 and was listed on the Main Market of Bursa Malaysia Securities Berhad in February 2004.

The Company is primarily an IT software and platform provider company.

It’s business operates predominantly in two (2) business areas:
1. Enterprise Resource Planning (“ERP”) – designing and reselling of customised ERP solutions
2. Internet of Things (“IoT”) – integrated solutions in the systems, engineering, procurement, commissioning, and management of IoT systems

Its expertise lies in empowering businesses through digital transformation and technology integration

Udokan Copper receives first BelAZ dump trucks for industrial mining

MOSCOW, RUSSIA Media OutReach – 12 August 2022 – Udokan Copper, the developer of Russia’s largest and one of the world’s biggest copper deposits, has received the first batch of 136-tonne BelAZ dump trucks as it prepares to begin industrial copper mining. The company will also consider using electric hybrid trucks in the future to reduce emissions during the works.

The trucks are designed to transport quarried materials in difficult climatic and mining conditions and will provide the technological capabilities to develop the Udokan copper deposit, located in Russia’s Far East near the border with China. The vehicles, each weighing 107 tonnes, are highly manoeuvrable and can operate under temperatures ranging from -50 to 50ᵒC, while ensuring the safety and comfort of their drivers.

In July 2020, Udokan Copper started developing the deposit as part of the works at the Western mine pit. The Company plans to develop two sections of the mine pit during the first phase of the project. The BelAZ trucks will enable open-pit mining at the site to reach a projected 15 million tonnes per year. A total of 15 vehicles will be delivered by February 2023, rising to 58 by the end of 2023, to be used to transport ore for crushing, floatation, and smelting at the mining and processing plant.

Aleksei Yaschuk, First Deputy CEO and COO at Udokan Copper, said:

“As part of our mining and capital works, we have already set up the sites, roads, and dumps needed for excavating overburden. As of today, we have excavated more than 2 million tonnes of by-product at the mine pit. In the future, the Company is ready to consider using BelAZ diesel-electric hybrid dump trucks, which will allow us to reduce atmospheric emissions and operating costs by saving fuel.”


Hashtag: #UdokanCopper

About Udokan Copper

Udokan Copper was founded in 2008 to develop the Udokan copper deposit. Located at Transbaikal Krai in the Russian Far East. It is part of the diversified holding company USM. The Udokan deposit, with over 26 million tonnes of copper reserves, is the largest new deposit in Russia. The JORC compliant copper grade is 1.05%.

As part of the project, a mining and metallurgy facility will be commissioned to produce copper cathode and sulphide concentrate, with annual copper production expected at 135,000 tonnes.

New Times Energy issues profit alert and expects to post a profit of HK$200 to HK$220 million for first half of 2022

HONG KONG SAR – Media OutReach12 August 2022 New Times Energy Corporation Limited (“the Company” or “New Times Energy”, together with its subsidiaries, the “Group”, HKSE stock code: 0166) is pleased to announce that, the Group expects to record a profit after tax of approximately HK$200 million to HK$220 million for the six months ended 30 June 2022 as compared to a loss of approximately HK$22 million for the same period in 2021. The Company considers the turnaround in the results was primarily attributable to the contribution of operating profits of its Canadian subsidiary, NTE Energy Canada Ltd. (NTEC).

NTEC is headquartered in Calgary, Alberta and operates over 800 producing wells in various oil and gas fields across the provinces of Alberta and British Columbia, with current oil and gas production of over 12,700 barrels of oil equivalent per day (95% natural gas) and was able to realize substantial positive cash flow from surging commodity prices. The Group also owns a 1,200 acres multi-use site (“NTE Discovery Park”) at Campbell River, British Columbia which is leased to tenants in industries including but not limited to green data centers, modular homes construction, and vertical farming.

NTE Discovery Park has entered into agreements with CubicFarm® Systems Corp. (“CubicFarms”) (TSX:CUB), a leading chain agricultural technology company, in relation to the purchase of 26 CubicFarm System indoor growing modules and setting up vertical farming operations to provide efficient, localized food supply solutions. Using CubicFarms’ CEA technology and given 90% of leafy green vegetables consumed in British Columbia are imported, NTE Discovery Park aims at providing local communities with better access to delicious fresh food year-round without importing over long distances, thereby reducing the carbon footprint of food delivered to consumers. It plans to expand with the sale and manufacturing of an additional 100 modules in the near future.

[Additional information and media on Discovery Park can be accessed at the Group’s corporate website: www.nt-energy.com.]

Hashtag: #NewTimesEnergy

About New Times Energy Corporation Limited

New Times Energy Corporation Limited (HKSE stock code: 166), headquartered in Hong Kong, is an international resource company that operates natural gas weighted assets in Alberta and British Columbia and is taking steps to transform its business model into clean and sustainable energy, in its effort to be a part of the global “Energy Transition” that is underway, with social responsibility towards the environment and climate change at the forefront.

Crypto Exchange Bybit Branches Out in India with Learning and Earning Campaign

  • Leading exchange help users rise up to “enormous opportunities” in crypto
  • Exclusive offers for Indian users to trade with confidence and ease at Bybit

VICTORIA, SEYCHELLES – Media OutReach – 12 August 2022 – Bybit, the third most visited cryptocurrency exchange in the world with more than 7 million users, announced a series of offers for Indian users with unprecedented rewards and bonuses from Aug. 12, 10AM UTC to Sept. 1, 10AM UTC.

The campaign in India seeks to improve crypto literacy and offer a frictionless and safe trading experience for traders of all levels. Bybit is poised to be a one-stop crypto destination offering spot, derivatives, staking and earning products and services, complete with an NFT marketplace and advanced tools to automate trading strategies.

New users in India can enroll in three simple steps: learn, practice and share. The first 1,000 traders to sign up will get to share a $10,000 rewards pool and take part in a NFT giveaway. Eligible users are also entitled to up to $420 in bonus through the Bybit referral program.

The learning benefits include tutorials on trading basics and “Bybit 101” videos:

“We are rolling out this educational and promotional campaign in India in response to the demand from the fast-growing communities in the region. India is a vibrant and unique economy with a rising, digitally savvy middle class looking for innovative solutions to diversify into digital assets and capture the enormous opportunities in the crypto economy,” said Ben Zhou, co-founder and CEO of Bybit.

“Crypto offers the opportunity of a lifetime for our generation, and to reap the benefits people need access to technology and knowledge. Choosing a secure and trusted platform is step one,” said Zhou. “We are in the business of supporting the delivery of crypto’s promise by building the fastest, safest and most reliable platform for all things crypto,” he added, referring to Bybit’s record of 99.9% uptime and its high-throughput trading engine capable of processing 100,000 transactions per second.

Hashtag: #Bybit

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

For more information please visit:

For updates, please follow Bybit’s social media platforms on








Schneider Electric makes steady progress toward 2025 sustainability targets

HONG KONG SAR – Media OutReach – 12 August 2022 – Schneider Electric, the leader in the digital transformation of energy management and automation, announced today the results of its sustainable impact program for the second quarter of 2022.

Schneider’s Sustainability Impact (SSI) scored 4.17 out of ten, relative to its 4.70 year-end target. The SSI dashboard measures Schneider’s Environmental, Social and Governance (ESG) performance. It details the progress made on each of the company’s global and local sustainability goals relative to long-term commitments on climate, resources, trust, equal opportunities, generations, and local communities.

“Our planet is burning, literally. We have to face the reality in front of us and keep accelerating our sustainability efforts,” said Gwenaelle Avice-Huet, Schneider Electricity’s Chief Strategy and Sustainability Officer. “As an Impact company, we are convinced that we can help each other with technology, collaboration, and trust. Advancing on our Sustainability Impact program is not about ESG compliance. It’s about embarking and working with our entire ecosystem of employees, clients, suppliers, and partners to progress together.”

Second quarter 2022 sustainability highlights

  • Schneider Electric’s EcoStruxureTM solutions helped customers and suppliers make significant decarbonization progress and reduce their CO2 emissions by 381 million tonnes since 2018. In June, Schneider Electric and Hitachi Energy agreed to collaborate on green electricity solutions for renewables, data centers, mining and other sectors of industry.
  • Schneider Electric just expanded its biodiversity pledge to use only deforestation-free wood across its supply chain and operations by 2030.
  • Schneider Electric provided +1.1 million people with access to green electricity in Q2 2022, bringing it to +6.4 million since January 2021.
  • In 2022, 82% of Schneider employees feel confident to report an unethical conduct. A good progress since last year (+1pt) in its commitment to provide a trusted environment and Speak Up culture.
  • Schneider Electric launched its Sustainability School to educate employees on climate and social issues and encourage them to take action and deliver impact in every aspect of their lives.
  • Schneider Electric’s teams in countries and regions continue to play a specific role in ensuring the maximum impact of their locally-led sustainability initiatives, including projects in France, USA, China and India.

Detailed results and highlights of the SSI program are presented in the Q2 2022 report.

Because of its robust sustainability programs with concrete and measurable progress, Schneider Electric continues to link its financing instruments to the Group sustainability trajectory. During the first half of the year, the Group set up a €2,7 Billion euros bank facilities with a pricing indexed on the annual performance of the Schneider Sustainability Impact (SSI).

Recent sustainability awards and recognition:

Read more about Schneider’s Sustainability Impact results and highlights:

Schneider Electric’s Environmental, Social and Governance (ESG):

Hashtag: #Sustainability #ESG #Impactcompany

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

Follow us on:





Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on

Virtuos Bolsters Southeast Asian Presence With Launch of Game Development Studio in Kuala Lumpur

Founded by local games industry pioneers, Virtuos Kuala Lumpur supports the growth of Malaysia as a regional game development hub through talent training and jobs creation

SINGAPORE – Media OutReach – 12 August 2022 – Virtuos, a leading global video game development company, today announced the official launch of its studio in Kuala Lumpur, Malaysia. Virtuos Kuala Lumpur delivers full game development, engineering, and art production services to some of the world’s biggest game developers and publishers. It is part of Virtuos’ global network of studios, which has contributed to iconic games including Assassin’s Creed, Call of Duty, Demon’s Souls, Final Fantasy, Horizon Forbidden West, and Medal of Honor: Above and Beyond for Meta Quest 2.

Left to right: Boon Yan Toh, Mufizal Mokhtar, Ian Ng Siong Yoong, Noorazhar Mohd Noor, and Johaness Reuben

Left to right: Boon Yan Toh, Mufizal Mokhtar, Ian Ng Siong Yoong, Noorazhar Mohd Noor, and Johaness Reuben

Helmed by Mufizal Mokhtar as General Manager, Virtuos Kuala Lumpur was founded by a team that includes veteran AAA game developers with over 20 years of experience each, and who have returned home to launch the studio. The team comprises Boon Yan Toh as Studio Operations Director, Ian Ng Siong Yoong as Studio Production Director, Noorazhar Mohd Noor as Senior Lead Artist, and Johaness Reuben as Technical Art Director. Since the studio’s soft launch in early 2021, its team has grown to 90 employees.

Mufizal Mokhtar, General Manager at Virtuos Kuala Lumpur

Mufizal Mokhtar, General Manager at Virtuos Kuala Lumpur

“I am pleased to return home to build Virtuos Kuala Lumpur alongside some of my closest friends and pioneers in the industry,” said Mufizal. “We are excited to play an active part in Malaysia’s game development industry and the growth of its digital ecosystem. Thanks to the support of the Malaysian Government and our global Virtuos network, we look forward to welcoming the best talent to our multicultural team and making games better, together.”

At the forefront of Malaysia’s growing games industry

The launch of Virtuos Kuala Lumpur will be a significant addition to Malaysia’s fast-developing video games sector. In collaboration with the Malaysian government, Virtuos will focus on further expansion and the training of new talent.

Datuk Arham Abdul Rahman, CEO of MIDA, said, “The exponential growth of the global gaming industry has been remarkable as this industry presents many opportunities and a huge potential for growth. The establishment of a Virtuos studio in Malaysia is in line with our efforts to attract creative quality investments, which contribute to a rich and diverse digital media sector and create high-value job opportunities, allowing many young talent to pursue their passion for gaming by making a global impact with fun, creative and original IP conceptualized and developed in Malaysia”.

He added, “With the global gaming revenue projected to reach USD219.90 billion in 2022, continuous technological advancements in the gaming industry are significantly leveling up the way games are created and improving the overall gaming experience for the users. MIDA will continue to play an active role in promoting the gaming industry which will contribute to a sustainable digital ecosystem and position Malaysia atop the list of digital nations. We want to assure companies such as Virtuos that Malaysia can be your home, and we stand ready to support the growth of this industry.”

Mahadhir Aziz, CEO of MDEC, said, “MDEC would like to congratulate Virtuos on their expansion to Malaysia. As a globally-renowned video game development company, their presence is evidence of the nation’s vibrant creative digital content ecosystem, and further proof of our role as the regional hub of choice. Virtuos’ commitment towards developing digital talent and creating high-value job opportunities is aligned to the goals of Malaysia Digital. MDEC is looking forward to collaborating closely with Virtuos in supporting their future endeavours”.

Gilles Langourieux, CEO of Virtuos, said, “With the launch of Virtuos Kuala Lumpur, we are excited to contribute to Malaysia’s digitalization and growth as a regional game development hub. We have ambitions to grow our local headcount to 300 by the end of 2025, and become one of Malaysia’s top studios that deliver full-cycle game development expertise and quality projects for our partners worldwide.”

Strategically located between Virtuos’ Singapore headquarters and its largest Asian studios in China and Vietnam, Kuala Lumpur is a natural expansion for Virtuos worldwide. The expansion also builds upon Virtuos’ launches in Lyon and Montreal, as well as its acquisitions of Glass Egg in Ho Chi Minh City and Volmi in Ukraine this year.

Hashtag: #Virtuos #MIDA #MDEC #MYMDEC #HeartofDigitalASEAN #SayaDigital

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

About Virtuos

Founded in 2004, Virtuos is a leading global video game development company headquartered in Singapore with studios across Asia, Europe, and North America. With over 3,000 full-time professionals, Virtuos specializes in game development and art production for AAA consoles, PC, and mobile titles, enabling its partners to generate additional revenues and achieve greater operational efficiency.

For over a decade, Virtuos has successfully delivered high-quality content for more than 2,000 projects and its clients include 18 of the top 20 digital entertainment companies worldwide. More information at .

Virtuos Kuala Lumpur is actively hiring and welcoming applicants interested in embarking on this next phase of growth with the studio. For more information, please see open positions or contact .

About Malaysian Investment Development Authority (MIDA)
MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channel.

About Malaysia Digital Economy Corporation (MDEC)
Malaysia Digital Economy Corporation (MDEC) is a government agency under the purview of the Ministry of Communications and Multimedia Malaysia entrusted to lead Malaysia’s digital economy forward. Incorporated in 1996 to oversee the development of the MSC Malaysia initiative, MDEC’s primary mandate today is to accelerate the growth of digitally-skilled Malaysians, digitally-powered businesses and digital investments in Malaysia. MDEC is focused on creating inclusive, high-quality growth through the nationwide digitalisation initiatives that are in line with the Government’s Shared Prosperity Vision 2030 and firmly establishing Malaysia as the Heart of Digital ASEAN.

To find out more about MDEC’s initiatives, please visit www.mdec.my or follow:
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Appier continues its strong growth momentum and raises full-year guidance second quarter in a row

Significant growth, profitability and international expansion to underscore Appier’s focus in second half of 2022

Highlights and achievements for the second quarter of fiscal year 2022

  • Revenue increased to 4.4 billion yen with the highest YoY growth rate of 56% over the last three years
  • Gross profit grew 57% YoY
  • Revenue from the US and EMEA markets increased over 9 times YoY and represented 12% of total revenue
  • Achieved EBITDA margin of 5% with EBITDA profit of 213 million yen
  • Operating margin improved by 7 percentage points YoY and EBITDA margin improved by 6 percentage points YoY
  • Achieved 30% YoY growth in customer numbers with a record high last twelve months net revenue retention of 127.3% and lowest ever customer churn rate of 0.62%
  • Upward revision of full year forecast from 17.8 billion yen to 18.5 billion yen, with YoY revenue growth rate further accelerated to 46% from 41%


Appier’s second quarter performance summary

TAIPEI, TAIWAN – Media OutReach – 12 August 2022 – Appier Group Inc (TSE: 4180), henceforth referred to as Appier, today announced its financial results for the second quarter of fiscal year 2022. Appier’s robust growth in the second quarter was attributed to three key factors. Firstly, AI-powered solutions continue to deliver measurable returns for clients, prompting them to continue or expand their partnerships with Appier; secondly, Appier has achieved continued success in the US and EMEA given their large digital economies; and finally, substantial growth and expansion into other verticals in AsiaPacific has further deepened Appier’s market presence.

Appier’s continuing improved sales productivity and increasing usage from existing customers drove its revenue to 4.4 billion yen, with a historic high growth rate of 56% year-on-year (YoY), and gross profit grew by 57% YoY. Sustaining the momentum from its first quarter, Appier’s revenue from US and EMEA increased over 9 times YoY and represented 12% of its total revenue, a reflection of the company’s expectations for robust demand and profitable growth in light of international expansion.

Appier’s AI technologies and product differentiations are crucial in defining and setting the pace of business growth. As more enterprises seek measurable profit returns, turning marketing spending into predictable returns solidified Appier clients’ digital deployment in the industry race to adapt smarter and more effective solutions. The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) saw a 6 percentage points YoY improvement, while operating margin improved by 7 percentage points YoY.

Robust demand from customers across different regions

The growth in the number of customers adopting more than two Appier solutions, along with considerable new customer wins, demonstrates Appier’s strong business resilience. Appier’s recurring revenue currently constitutes over 95% of its total revenue, which drove Appier’s annual recurring revenue (ARR) to 16.6 billion yen with a YoY growth rate of 53%. Emerging growth drivers across different regions will continue to fuel this momentum with more predictable business opportunities.

Appier’s AI technology plays an increasingly important role in privacy-focused and ROI-oriented markets. Appier’s last twelve months (LTM) net revenue retention (NRR) grew to a historic high of 127.3%, with its number of customers increasing to 1,228 with a 30% YoY growth. Customer churn rate also decreased to 0.62%, the lowest in Appier history.

New customers were mainly from the e-commerce and entertainment industries (34% and 25% of total new customers, respectively), driven by post-COVID demand for digital transformation and changing consumption patterns.

Customers in Northeast Asia continued to account for the largest share of global revenue at 62%, followed by Greater China (19%), US and EMEA (12%) and Southeast Asia (7%). Appier’s ongoing successful international expansion played an instrumental role in its growth this quarter. This remarkable growth can be attributed to the US and EMEA’s position as the world’s largest digital economies, along with increased product offerings and a bigger total addressable market (TAM). Further expansion to top-tier customers in other verticals also deepened Appier’s market presence.

Profitable growth in the second half of 2022

Appier revised up its guidance for the fiscal year to reflect its outperformance in the second quarter, forecasting 18.5 billion yen total revenue for the year, with YoY revenue growth rate further accelerated to 46% from 41%. A profitable second half of the year is expected given stronger revenue growth and better operating leverage. Appier’s recession-proof offerings, higher business resilience and larger TAM are key drivers for this guidance revision for 2022.

Guidance in gross profit has outpaced top-line growth to 9.6 billion yen with 54% YoY growth rate. Operating loss has been revised to 84 million yen, with significant improvements compared to Appier’s original guidance and getting closer to breaking even, while full-year positive EBITDA profit has been revised to 1.07 billion yen with a 2,423% YoY growth rate.

Appier provides predictable returns on customers’ marketing spending, with its solutions offering direct revenue or profit impact in over 80% of customers. Furthermore, large enterprise customers with more than 10 billion yen annual revenue currently constitute over 90% of Appier revenues, underlining higher business resilience to overall macroeconomic conditions. Appier continues to maintain a market-leading presence in Asia Pacific, alongside further expansion to other verticals and geographies.

“Our strong momentum over the past two quarters underscores Appier’s significant growth alongside our customers. In particular, we achieved our highest year-on-year growth rate in the past three years. Our international expansion strategy continues to bear fruit for us, as the US and EMEA grew to form 12% of our total revenues at Appier,” said Dr. Chih-Han Yu, CEO and co-founder of Appier. “We are confident our solid business metrics will continue to see us through the second half of the year. Turning AI into ROI by making software intelligent will enable us to have a better chance at winning customers and transforming their budgets and investments into visible, high returns, helping them to better cope with market uncertainties and potential risks through Appier’s AI technologies and product differentiations.”

ROI-driven intelligent AI solutions empower product synergies

Appier’s solutions maximize customers’ product synergies and bring about lasting effects throughout the customer journey. Customers can now turn AI into ROI and exploit their full-funnel data with higher efficiency across all stages. Appier believes that AI is the key component in the 1st party data world and offers businesses cutting-edge software that enables real-time and precise prediction and advertising through three innovative approaches:

  • Synergic AIXON and AIXPERT bundled solutions: Businesses can benefit from inferred insights generated from 1st party data, allowing them to further optimize their marketing spending through higher AI accuracy and timely user insights. Applying these insights to auto-adjusting budget and bidding strategies will enable businesses to make smarter campaign decisions and seize potential business opportunities.
  • Combined AIQUA and BotBonnie solutions: With a single unified interface, businesses can now form an omnichannel customer journey map across multiple conversational channels (LINE, Messenger, WhatsApp, etc.) and owned channels (website, app) and gain a deeper understanding into user profiles. Businesses can then leverage these behavioral insights to take immediate action with tailored, real-time and personalized notifications triggered by user behavior along the journey.
  • AiDeal’s smart promotion: Businesses can now use the power of Machine Learning and Deep Learning to predict and update hesitation scores along the user journey and dynamically generate the most optimal offering to individuals based on their purchase hesitancy. Through this, businesses can maximize the ROI uplift of campaigns without sacrificing profitability.

With these, Appier is uniquely positioned to help its customers tackle the entire customer journey across all aspects of the funnel. Appier’s solutions are designed to help customer-centric companies build brand loyalty with their customers by arming them with a 360° view of the customer, using AI to deliver any actionable insights and turn a visitor into a customer, and a customer into a loyal one.

Appier continues to focus on market-driven transformation and these cross-product synergies are a result of Appier’s ethos towards innovation. This is further underpinned by Appier’s customers’ growth and demand for digitalization as Appier remains committed to helping customers with their digital transformation journey and helping them deliver the best customer experience.

Hashtag: #Appier

About Appier

Appier (TSE: 4180) is a software-as-a-service (SaaS) company that uses artificial intelligence to power business decision-making. Founded in 2012 with a vision of democratizing AI, Appier now has 17 offices across APAC, Europe and US, and is listed on the Tokyo Stock Exchange. Visit for more company information and visit for more IR information.

HyD holds “Building and Maintaining Highway Infrastructure through Innovation in Highways Department” exhibition in celebration of HKSAR 25th anniversary

HONG KONG SAR – Media OutReach – 12 August 2022 – To celebrate the 25th anniversary of the establishment of the Hong Kong Special Administrative Region, the Highways Department (HyD) is holding “Building and Maintaining Highway Infrastructure through Innovation in Highways Department” exhibition from today (August 12) to August 21. Members of the public are invited to visit.

Caption

“The main theme of the exhibition is ‘Road Construction and Maintenance – Unleash The Power of Innovation’. Through real-life examples of the HyD’s work, visitors can learn more about the department’s innovation initiatives. These include the “Roadbot 2″ being the world’s first intelligent robot system with full cognitive abilities in understanding its surroundings for placing and collecting traffic cones and lanterns, which enhances safety of workers carrying out road works; drone-based remote sensing technologies for monitoring tree health conditions, which help to enhance the overall landscape quality across Hong Kong’s road network; the first high-precision mobile laser scanning and imagery system adopted by the Government for the territory-wide surveying work; and the leading-edge building information modelling technology for managing the whole construction project cycle holistically,” a spokesman for the HyD said.

A highlight of the exhibition is the 270-degree panoramic view “Immersive Hall”, which offers a first-hand and fully immersive experience for visitors to understand more about the planning, design, construction and maintenance of Hong Kong’s public road network. In addition, informative panels, interesting interactive question-and-answer games with gifts and photo-taking booth are available for visitors to get a deeper understanding of the HyD’s daily work.

Details of the exhibition:
Date: August 12 to 21
Time: 11am to 9pm
Venue: Event Hall, UG/F, Olympian City 1, West Kowloon

Hashtag: #HighwaysDepartment

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