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JD.ID and TECNO reached a deep strategic cooperation to help the new wave of overseas sales growth of Chinese brands

JAKARTA, INDONESIA – Media OutReach – 25 November 2021 – The Double Eleventh shopping spree has gradually radiated to Southeast Asia. Taking JD.COM as an example, there is an 11.11 shopping spree in China, and JD.ID has launched the Flash Sale 11X accordingly.

https://youtu.be/lZYH42ThuHg

 

With a population of 270 million, Indonesia is the most populous country in Southeast Asia, which is undoubtedly a hotly contested spot for Southeast Asian markets. Among them, JD.ID has naturally become a bridge for Chinese brands to go overseas, and TECNO is one of the Chinese brands that can not be ignored. Earlier, JD.ID and TECNO have announced a strategic partnership. Since then, JD.ID has officially become the national agent of TECNO.

 

Shenzhen Transsion Holding Co., Ltd., a parent company of TECNO, is mainly engaged in the design, research and development, production, sales and brand operation of smart terminals with mobile phones as the core. In 2018, Transsion Holdings became the leader of the mobile phone market in Africa, with a market share of 48.71%, accounting for almost half of the African market. In the Top 100 list of “Most Favourite Brands of African Consumers in 2020/2021” published by African Business, TECNO, itel and Infinix, the three major mobile phone brands of Transsion, ranked 6th, 21st and 25th respectively.

 

Under the difficult situation of epidemic, JD.ID hopes to open up a brand-new market for TECNO and realize further expansion based on Africa and looking at Southeast Asia.

 

It is worth mentioning that JD.ID was launched in Indonesia for the first time in November 2015, which is a cross-border e-commerce platform jointly established by JD.COM and local Indonesian companies. After several years of development, as of the end of June 2021, there were about 50 bonded warehouses and overseas warehouses in JD.ID, with a total management area of over 500,000 square meters. There were nearly 1,000 international transportation routes such as self-operated charter flights, international maritime, China-Europe railway express and international trucks, and the international supply chain network reached more than 220 countries around the world.

 

Since its establishment, JD.ID has always been committed to establishing a stable and efficient supply chain infrastructure in Indonesia, providing one-stop service of “fully furnished” for Chinese brands to enter Indonesia.

 

#JD.ID

Excess spending and hard feelings: expert tips on how to go through Black Friday without wasting time and money by OctaFX

The fintech company OctaFX called several international financial experts together and prepared a top-5 list of valuable tips on how to make your Black Friday experience as smooth as possible.

KUALA LUMPUR, MALAYSIA – Media OutReach – 25 November 2021 – The global Forex broker OctaFX continues the initiative for one of the major annual events in consumer economics—Black Friday.

Since Forex brokers worldwide are in a festive Black Friday mood, they have prepared many promotions and special offers for their clients. It stands to reason that OctaFX, with the help of some prominent financial advisors, went ahead and created a guide with five expert tips on how to get through the Black Friday season with as few bumps in the road as possible. The key principle is to prepare, plan, and act following a well-developed financial strategy.

 

Move your capital like chess pieces

That’s right. You have to strategically manoeuvre your funds in such a way that the sums you are ready to spend are available at the right time if you want to get in on these feverish Black Friday discounts. Moreover, as in Forex trading, you should develop an investment plan beforehand. The better you implement it, the more money you will have at your disposal since profits would enter the process midway through. These excess savings can then be used for further investment or withdrawn and spent.

 

The cost-benefit ratio of your purchased item plays a role, as well.

 ‘Always double-check other sites and compare item prices. To do that, I usually use Amazon. Remember, only buy what you think you will frequently use in the next six months. Black Friday Sales are generally targeting an impulsive purchase due to the discounts, which might not even be a huge sale at all’, says Vito Henjoto, founder and chief analyst at Zenifix.

 

‘To analyse’ is the name of the game

As alluded to above, complete preparation is vital. Be mindful of trends and markets. If you know your way around and scout for the best discount offers, your advantage over the competitors will be significant. Always look for products of interest in the markets you are used to analysing. Successful traders come to Forex well-prepared, and immediately distinguish themselves from traders who act on sheer luck and coincidence.

 

Regulate your emotions

Do not allow yourself to fall into a state of impulsive buying. Saying ‘no’ to items that weren’t originally on your shopping list is the same as sticking to a preconceived investment plan. If you take your time and be mindful of those emotions, you’re less likely to succumb to impulsive moves that ultimately lead to losses. Phases like these might appear suddenly, out of a rush of so-called ‘fear of missing out’. There will always be new opportunities to invest and buy..

 

Gero Azrul, the author of the bestselling ‘BBmastery The Game Changer’, reinforces this point by advising:

‘Bear in mind. This is a waiting game. You wait for the exact timing to get more value on your spending. So from now on, save money, remain patient, and maintain a crystal clear picture of what you want. “Impulse buying” is a state of mind you want to avoid at any cost’.

 

On the lookout for manipulations

Unsuspecting customers usually assume that any marketing campaign has only good intentions implanted in their offers. Unfortunately, this is not the case. Misdirection, and sometimes even outright fraud, is very much in play during such seasons.  You certainly don’t want to fall prey to them. Instead, investigate the trustworthiness, security, and track record of those online sellers and organisations you engage with. Make sure to compare retail prices before Black Friday sales.

 

‘I participate in sales myself. Discount is significant to justify more value to the customer. But as a customer, you must be able to see real value and real discount and compare the two. Often, these are being manipulated and operated as sales tools’, reiterates Gera Azrul, Speaker on the ‘International Trader’s Fair in Malaysia’.

 

So do not take steep discount prices for granted—even during Black Friday. Do the research beforehand and double-check prices all the time instead of blindly clicking the ‘buy’ button.

 

Getting rid of the fear of spending

Once your financial strategy is in place, it’s time to let go of the fear—namely, the fear of spending. Trust the time and intellectual labour you have invested in developing this blueprint of financial conduct and goals. Having that secured, the spending process will have natural boundaries and potentially new purposes even. One such purpose could prove that smart spending (akin to ‘investing’ at this point) is likely to lead to subsequent earnings, perhaps even to a constant income in the mid- or long-term.

 

Preparation is fundamental. The best practice is expressed in a well-elaborated financial strategy. Actually, this is as true for the consumer economy as it is for Forex trading. This plan is like a rock in a turbulent sea if by ‘turbulent sea’ we mean the utter chaos and opportunities that accompany sale seasons such as Black Friday, or periods of high market fluctuations related to the Foreign Exchange domain.

 

If you stick to your plan, your chances of success in achieving your goals will increase considerably. Of course, the plan should be flexible enough for adjustments if circumstances swing in different directions.

Therefore, at the risk of sounding overcautious or boring: Developing a plan ‘B’ and even a plan ‘C’ can help you profitably get through​​the Black Friday season and others like it.

 

About OctaFX

OctaFX is a global broker that provides online trading services worldwide since 2011. It offers a state-of-the-art trading experience to over 6.6 million trading accounts worldwide. In addition, the company is well-known for its promotions and high service standards. OctaFX has won more than 45 awards since its foundation, including the Best ECN Broker 2020 award from World Finance and, more recently, the 2021 ‘Best Forex Broker Asia’ award and the 2020 ‘Most Transparent Broker’ award from Global Banking & Finance Review and Forex Awards, respectively. The company is well-known for its social and charity activity.

#OctaFX

Can Restaurants Serve Alcohol Under New Covid-19 Restrictions in Laos?

Service of alcohol


The service of alcohol in restaurants has long been a feature of Covid-19 restrictions in Laos since the pandemic began, however, the latest restrictions have left restaurateurs uncertain.

ECOVACS ROBOTICS Reimagines Household Cleaning in the Philippines With 9-in-1 DEEBOT T9 and DEEBOT N8 Launch

“The Best DEEBOT Lands in the Philippines”

MANILA, PHILIPPINES – Media OutReach – 25 November 2021 – ECOVACS ROBOTICS, the world’s leading home service robotics maker, today is bringing its world-renowned smarter cleaning experience to the Philippines with the launch of a brand new campaign, “The Best DEEBOT Lands in the Philippines.” It will introduce the DEEBOT T9 Family, the company’s flagship product family, and the DEEBOT N8 Family, ECOVACS’ advanced robotic vacuum cleaner, to help Filipino families enjoy hands-free and effectively superior cleaning with robotic vacuum cleaners that are more powerful and intelligent than ever before.



The new launch answers what Filipino consumers wanted: smart products to make homecare simpler and multi-tasking easier. With the DEEBOT T9 and DEEBOT N8 Families, ECOVACS answers their needs by offering the latest innovative and efficient cleaning experience.

The DEEBOT T9 Family is ECOVACS’ flagship robotic vacuum cleaner. It integrates cutting-edge features from other industries and the company’s industry-leading innovation to go beyond the conventional robotic vacuum cleaning experience. They include:

 

Upgraded ECOVACS HOME App Improves Obstacle Avoidance and Navigation:

o    The upgraded TrueDetect 3D 2.0 technology, with a range of 70-350 millimeters, quickly detects different obstacles at a distance. It allows the DEEBOT T9 to detect objects ten times more accurately than traditional infra-red technology.

o    The combination of TrueDetect 3D 2.0 and TrueMapping 2.0 with 3D Maps allows users to quickly locate the robotic vacuum cleaner and manage various cleaning tasks on the fly.

  • Built-in Air Freshener Provides Luxurious Cleaning Experience

o    The DEEBOT T9 is the first in the industry to clean floors and freshen the air simultaneously. The built-in air freshener eliminates musty and pet odors, while a fan at the bottom spreads the fragrance evenly. Users can operate the air freshener, which uses replaceable capsules that can last up to 60 days, via the ECOVACS HOME App.

  • OZMO Pro 2.0 and Auto-Empty Station Expands Cleaning Performance

o    The latest OZMO™ Pro 2.0 Electric Oscillating Mopping System has a newly designed motor and movement structure that minimizes noise while its 3,000 Pa suction power enhances cleaning performance. With a high-frequency vibration of up to 480 times per minute, the Mopping System is comparable to electric mops.

o    The DEEBOT T9 uses disposable mopping pads with specially-designed microfibers to absorb water evenly, efficiently capture dust, and reduce residual water stains. The composite structure removes stubborn stains on the floor. 

 

The DEEBOT N8 Family combines premium-grade features that continue ECOVACS’s commitment to superior cleaning but are more affordable. They include:

  • TrueDetect 3D Technology Adds Precision To Object Detection

o    DEEBOT N8 Family uses the ECOVACS’s TrueDetect 3D technology to avoid collisions and getting entangled with millimeter-level precision. It recognizes dark surfaces better and detects the smallest obstacles, including shoes, wire cords, and small toys. It is ten times more accurate than traditional infrared technology.

 

  • Maps With 2x Coverage and 4x Accuracy

o    The TrueMapping laser-based mapping and navigation technology creates floor maps in seconds, allowing the DEEBOT N8 Family to intelligently navigate and find the optimal cleaning paths for each home.

o    The DEEBOT N8 Family dToF laser detection doubles the distance recognition capabilities and improves object recognition by four-fold. It can detect objects as small as two millimeters 10 meters away. Using industry-leading algorithms, the N8 Family can scan, map, and plan an efficient cleaning path faster and with more precision — a welcome benefit for larger homes. The Virtual Boundary™ function via the ECOVACS Home App restricts robot movements for privacy.

  • More Powerful Cleaning With Upgraded Suction Power

o    The Revolutionary Pressure-Retention System delivers energy-efficient high vacuum pressure at a surprisingly low noise level. The Max+ mode increases the suction power of the DEEBOT N8 and N8+ to 2300 Pa for higher performance.

 

  • OZMO™ Vacuuming and Mopping all at Once

o    The ECOVACS signature OZMO™️ Mopping System can efficiently clean the whole house without repeatedly stopping to top up the water tank. Sensors on the DEEBOT N8 Family improve cleaning efficiency, and users can manually manage the water yield using the ECOVACS HOME App.

o    OZMO™️ Mopping technology uses upgraded disposable mopping pads to remove over 99% of bacteria.

  • Intelligent Control for Remote Cleaning Management

o    The ECOVACS HOME App allows users to set the optimal cleaning schedules using smartphones or smart home devices such as the Amazon Echo/Dot and Google Home. The upgraded advanced mapping function allows users to customize the cleaning plan for each room.

 

Enjoy Hands-free Cleaning With Auto-Empty Station

The Auto-Empty Station eliminates the need for users to manually empty the robot dustbins by storing the contents in its large-volume 2.5L disposable dust bag, which users all-natural paper materials and has space for up to 30 days of dust. Users can manage the Auto-Empty Station via their ECOVACS HOME App. It is compatible with all the DEEBOT T9 and N8 Family models.

 

Pricing and Availability

The DEEBOT T9 and DEEBOT N8 Families are available today on Lazada (https://www.lazada.com.ph/ecovacs-official-store). The suggested retail prices of DEEBOT T9: PHP49,990, T9 with Auto-Empty Station: PHP69,990, N8 PHP36,990, N8 with Auto-Empty Station: PHP56,990, and standalone Auto Empty Station: PHP19,990.

 

As part of the 12.12 Mega promotion on Lazada, the above models are available at up to 58% discounts from December 1, 2021. The promotion also includes DEEBOT OZMO 950 at discounted with PHP13,490.

 

For more information, please visit ecovacs.com or connect with us on Facebook (https://www.facebook.com/ecovacs.ph) and Instagram (https://www.instagram.com/ecovacs_philippines).

About ECOVACS ROBOTICS

Innovating Since Day One – Creating the Intelligent Home.

At ECOVACS ROBOTICS, we care about innovating solutions to enhance your lifestyle. Based on a deep understanding of use cases and consumer experiences, we design robots that help you “live smart, enjoy life.”

With over 20 years of design and industry-leading research, we have led the market as homes become more intelligent and responsive. We are building a world where your home asks less of your attention, becomes more seamless and powerful, and frees you to spend more time doing what you love.

#ECOVACSROBOTICS

Hang Lung Celebrates Construction Milestone with Heartland Residences in Wuhan Topped Out

HONG KONG SAR and WUHAN, CHINA – Media OutReach – 25 November 2021 – Heartland Residences in Wuhan, the inaugural project of Hang Lung Properties‘ premium serviced residences brand on the Mainland, held a topping-out ceremony, marking an important construction milestone toward the Company’s vision of creating compelling spaces that enrich lives. The ceremony was hosted by Mr. Peter Leung, Director – Project Management; Mr. Patrick Chan, General Manager – Project Management; Mr. Billy Ip, General Manager – Heartland 66; and Mr. Ming Mak, General Manager – Property Sales (Mainland) of Hang Lung Properties, with representative from Shanghai Construction Group also in attendance.

Mr. Peter Leung, Director – Project Management (fifth from the right); Mr. Patrick Chan, General Manager – Project Management (third from the left); Mr. Billy Ip, General Manager – Heartland 66 (second from the right); and Mr. Ming Mak, General Manager – Property Sales (Mainland) of Hang Lung Properties (fourth from the left), with government officials and representative from Shanghai Construction Group, officiated at Heartland Residences Topping-out Ceremony in Wuhan

 

Heartland Residences Overview (Under Construction)

Mr. Weber Lo, Chief Executive Officer of Hang Lung Properties, said, “The launch of Hang Lung Residences forms a crucial part of our long-term business development strategy. By extending the Company’s existing business while realizing our goal to be the ‘pulse of the city’, we aim to drive sustainable growth while maximizing the value of our Mainland investment properties. We are confident that Heartland Residences, with its prime location in the business center, seamless connectivity network, and world-class design and construction, will further enhance the premium positioning of Heartland 66 and herald a new era in premium living on the Mainland.”

 

Mr. Peter Leung, Director – Project Management of Hang Lung Properties said, “As we celebrate the topping out of Heartland Residences, we pay tribute to everyone involved in making this inaugural project a success. We would like to thank the government departments for providing their invaluable advice and support as well as our main contractor, Shanghai Construction Group, and our sub-contractors, who have strived for the highest quality standards in the construction. Together with our teams, here in Wuhan and at our Hong Kong headquarters, the dedication to this project clearly demonstrates Hang Lung’s commitment to enriching the lives of the communities we serve by building a sustainable future together.”

 

Located in the inner ring of Wuhan, Heartland Residences covers 130,000 square meters with 500 units and a luxurious three-story clubhouse of 5,000 square meters. Seamlessly connected to the Heartland 66 shopping mall and office towers, Heartland Residences benefits from a range of educational and medical facilities, greeneries, 5-star hotels, and other amenities with a one-to-three-kilometer radius. Engaging internationally renowned award-winning architects and designers, the project’s interiors, landscaping, rooftop pool, and luxurious clubhouse reflect a premium urban living experience.

 

Heartland Residences, as the inaugural project of Hang Lung Residences, will be open for pre-sale in the first half of 2022. Pre-sales of the Residences projects in Wuxi, Kunming and Shenyang will be scheduled in 2022 and 2023. As the Hang Lung Residences brand gains momentum and extends its reach across our national network, the Company will further strengthen its position as a leading commercial property developer.

 

About Hang Lung Properties

Hang Lung Properties Limited (stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is recognized for leading the way in enhanced sustainability initiatives in real estate as it pursues sustainable growth by connecting customers and communities.

At Hang Lung Properties – We Do It Well.

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

#HangLungProperties

Kenanga Investment Bank Announces 37.4% Rise In Net Profit for First Nine Months Ended 30 Sept 2021

KEY HIGHLIGHTS

9M2021 vs 9M2020

  • Net Profit at RM86.5 million, up by 37.4%
  • Net Income at RM586.3 million, up by 1.4%
  • Operating Expense at RM490.7 million, down by 1.7%
  • Return on Equity at 11.3%, up from 9%
  • Earnings Per Share at 11.86 sen, up by 32.1%
  • Net Equity Trading Investment Income at RM56.0 million, up by 40.2%
  • Market Share of Retail Stockbroking at 23.5%, up from 21.9%
  • Asset Under Administration (AUA) at RM16.3 billion up by 18.4%

KUALA LUMPUR, MALAYSIA – Media OutReach – 25 November 2021 – Malaysia’s leading independent investment bank, Kenanga Investment Bank Berhad (“Kenanga” or the “Group”) today announced a net profit of RM86.5 million for the nine months period ended September 30, 2021 (“9M21”), a 37.4% jump from RM63 million for the same period last year (“9M20”).

 

Year-to-date (YTD) net income stood at RM586.3 million, up by 1.4% from the previous corresponding period, while operating expense reduced marginally to RM490.7 million.  Annualised Return on Equity (ROE) based on 9M21 is at 11.3% compared to 9.0% at 9M20.

 

The strong earnings were mainly due to higher contribution from stockbroking and investment management businesses, as well as, share of profits from the joint venture with Rakuten Trade Sdn Bhd.

Its Stockbroking division achieved a PBT of RM68.8million for 9M21 vis a vis RM52.7million from the same period last year, mainly due to higher net interest, improved net trading and investment income, as well as, lower credit loss expenses. Net equity trading investment income increased to RM56.0 million, up 40.2% from the corresponding period. The division continued to grow its market share, particularly in the retail segment, from 21.9%, to 23.5%, reinforcing its position as one of the largest retail brokers in the marketplace. During the same period, Rakuten Trade, achieved yet another milestone, with the fast-growing online trading platform surpassing 200,000 registered accounts. 

 

Its Investment and Wealth Management division registered record high PBT, surging over three folds to RM20.6 million in the nine-month period compared to RM7.6 million in the same period last year. The significant increase was attributed to higher performance fee and management fee income generated on the back of increased assets under administration (AUA) and sales agency force. AUA stood at RM16.3 billion, up 18.4% from the same period last year.

 

For the quarter under review, net revenue and profit before tax were impacted by the weakening trading volumes on Bursa Malaysia, which resulted in lower net brokerage and trading and investment income. For Q3 2021, net revenue stood at RM202.6 million, while profit before tax stood at RM26.3 million.

 

“With the gradual reopening of all economic sectors and lifting of restrictions, underpinned by the progress of COVID-19 vaccination campaign, deployment of stimulus measures and the unleashed pent up demand, we remain cautiously optimistic of the country’s economic outlook into the new year,” commented Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad.

 

“Having said that, we are witnessing a deceleration in trading activities not just on Bursa Malaysia, but also on some of the other major bourses around the world. This will likely have some impact on our following quarter’s revenue, but on the whole, benefiting from the strength of our diversified revenue streams, we are on track to conclude the year on a footing comparable to the performance last year,” added Datuk Chay.

 

“With our business model centred on digitalisation, and the continued practice of prudence throughout our operations, we are in a good position to continue growing the business and deliver long-term shareholder value,” said Datuk Chay.

For more information on Kenanga Group, please visit www.kenanga.com.my.

 

About Kenanga Investment Bank Berhad (15678-H)

Established for more than 45 years, Kenanga Investment Bank Berhad (“the Group”) is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing.

The Group has garnered a host of awards and accolades reflecting its strong market position. It was awarded under the categories of Best Overall Equities Participating Organisation by Bursa Malaysia, Best Overall Derivatives Trading Participant, Best Structured Warrant Issuer, Best Retail Equities Participating Organisation, Best Institutional Equities Participating Organisation Investment Bank; along with Best Trading Participant and Best Institutional Equities Participating Organisation and for Equity and Financial Derivatives for 18 consecutive years. The Group was also accorded the title of Best Institutional Derivatives Trading category by Bursa Malaysia.

The Group continues to be a regular and repeat recipient of distinguished industry accolades, such as the Lipper, Fundsupermart and Morningstar awards. For its continued efforts towards community outreach and employee volunteerism, the Group was awarded the coveted company of the year award for environmental awareness and sustainability at Sustainability & CSR Malaysia Awards 2020.

Today, Kenanga Investment Bank Berhad is an award-winning leading independent investment bank in the country with a continuous commitment towards driving collaboration, innovation, and digitalization in the marketplace.

#Kenanga

Laos Confirms 1,504 New Cases of Covid-19

Covid-19 Update


Laos has recorded 1,504 new cases of Covid-19 across the country today and one death.

Bank of Laos Orders Phousy Group Suspend Welnance Cryptocurrency Operations

Bank of the Lao PDR


The Bank of Laos has ordered Phousy Group to cease operations of its Cryptocurrency exchange known as Welnance.