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Tuas Power partners with NEFIN to bid for 100MW electricity import from Malaysia and explores solutions to address power intermittency from clean energy

SINGAPORE – Media OutReach – 30 July 2021 -Tuas Power, Singapore’s market leader in power generation and electricity retailing, signed a Memorandum of Understanding earlier in June with NEFIN, a leading solar photovoltaic developer and investor in carbon neutrality solutions, to jointly bid for the 100 megawatts (100MW) of zero-carbon electricity import from Malaysia into Singapore. 

To support the Singapore Government’s move to enhance energy security through leveraging on regional power grids, Tuas Power and NEFIN are participating in this initiative with the aim to help overcome the challenges of clean energy import and to develop best practices for the industry.

Mr. Michael Wong, Chief Operating Officer of Tuas Power, said, “Tuas Power is taking a wholistic view to find a sustainable and reliable blend of electricity generated from renewable and fuel-based sources to feed into the national grid. Arising from our sustainable energy eco-system approach, Tuas Power is actively exploring the combined use of solar power and other renewable sources or low-carbon solutions to achieve a zero-carbon electricity import. At the same time, we are exploring solutions that address the intermittency of solar power during non-generating hours.” 

Tuas Power is Singapore’s leading electricity retailer, and is committed to bringing cleaner, more cost-competitive energy to its customers. With its knowledge and experience, Tuas Power has helped them develop and implement many energy efficient programmes. It has a large pool of customers from the data centre, semiconductor and petrochemical industries who are interested to take up the clean energy import.

Mr. Bor Hung Chong, NEFIN’s Head of Business Development and Managing Director for NEFIN Malaysia, commented, “NEFIN is a market leader in distributed solar project development in Malaysia. We have a track record of many customers who have signed up to 20 years of Power Purchase Agreements (PPA) with us, and we are excited to partner Tuas Power to foray into electricity imports into Singapore. If successful in our joint bid, it will allow NEFIN to bring its extensive experience in implementation of renewable energy projects and provision of carbon-neutral solutions to sustain the energy landscape of Singapore.”

 

NEFIN Malaysia is a Malaysian company under the project development arm of the wider NEFIN Group and specialises in project development and implementation of renewable energy projects in the Southeast Asia region, with Malaysia as one of NEFIN Group’s key markets. NEFIN Malaysia is a market leader in providing zero-carbon solutions, including distributed solar project development and has developed several iconic projects such as the largest commercial solar PPA in Malaysia of more than 10 selected Lotus’s (formerly TESCO) stores in its first phase and the completion of the first solar PV project for Puratos Group in Malaysia. NEFIN Malaysia also provides carbon neutrality related consulting and technical advisory services for its clients.

About Tuas Power Ltd

Tuas Power is a key provider of energy solutions and multi-utilities in Singapore. The company is a member of China Huaneng Group, one of the largest and most forward-looking power producers in China and the world.

Tuas Power has a licensed capacity of 2,670 MW, and is a leading power generation company in Singapore. It has five combined cycle plants and a steam plant in its power station in the Tuas industrial region, and develops efficient and environmentally responsible energy solutions through its retail arm. Tuas Power also supplies utilities such as steam, high-grade industrial water, demineralised water and waste water treatment services in Tembusu, Jurong Island, and provides solid industrial waste treatment through its waste-to-resource plant in Tuas.

About NEFIN Group


NEFIN Group is a regional renowned carbon neutrality solutions provider and investor with a bespoke unified energy management platform committed to achieve carbon neutrality for organizations. Founded by a core management team of DuPont Solar Business, the management team has grown into a well-rounded team of engineers, legal experts, investment bankers and techno-commercial experts with the combined experience of over 40+ years of project development in Asia and 50+ years of engineering experience. NEFIN Group has collectively delivered over 300MW of utility-scale, commercial, and industrial rooftop solar systems regionally. As a strong cohesive team, NEFIN Group is able to offer a comprehensive 360 degree assessment and full-suite of services on socially responsible and commercially viable projects through innovative approaches to technology under its unified energy management platform. NEFIN believes the future of the world is everyone’s responsibility and strives to redefine energy boundaries towards a sustainable future. Please refer to NEFIN’s website www.nefinco.com for more information.

#NEFINGroup

Authorities Blame Weak Local Currency for High Egg Prices

Egg and eggs

Authorities in Laos have said that a weakened Lao Kip is to blame for the increase in egg prices.

Hmong-American Gymnast Sunisa Lee Wins Olympic Gold

Hmong-American Sunisa Lee wins Gold at Olympic Games
Hmong-American Sunisa Lee wins Gold at Olympic Games (Photo: Teen Vogue)

At just 18 years old, Sunisa “Suni” Lee has become the first Hmong-American to win gold at the Olympic Games.

K-pop Belts Out Another Record on Twitter with the Highest Number of Tweets in a Year

SEOUL, SOUTH KOREA – Media OutReach – 30 July 2021 – K-pop continues to dominate the conversation on Twitter globally, even during unprecedented times. Fans turn to Twitter to connect with their favorite K-pop artists and the #KpopTwitter community around the world. In the recent year between the period from July 1, 2020 to June 30, 2021, there were 7.5 billion Tweets about K-pop, setting yet another record for the most number of Tweets annually related to K-pop.

K-pop conversations around the world: Countries Tweeting the most about K-pop

Passionate and vibrant #KpopTwitter conversations continue to reverberate around the world as K-pop fans connect with each other. Indonesia, the Philippines, Thailand, South Korea, and the United States are the top countries with the highest number of K-pop related Tweets.

 

K-pop popularity continues to grow: Countries with the most K-pop fans on Twitter

From Asia Pacific to South America, the global K-pop fanbase continues to grow on Twitter. Peru and Colombia join the top 20 countries list with the most number of people Tweeting about K-pop.

Introducing the most discussed K-pop artists

For the first time, we are announcing the top 20 most talked about K-pop artists so that fans can celebrate their favorite artists on Twitter. BTS (@BTS_twt), NCT (@NCTsmtown), BLACKPINK (@BLACKPINK), and EXO (@weareoneEXO) are among the most discussed groups.

Newcomer TREASURE (@treasuremembers), who debuted just in August last year, emerged fifth on the inaugural list in a spectacular entrance. Since August 2020, TREASURE have already conducted four #TwitterBlueroom Live Q&A sessions across six months while actively engaging with their fans on Twitter. Similarly, new boy band ENHYPEN (@ENHYPEN) that only debuted in late November last year is ranked seventh.

Here are the most Retweeted Tweets from each of the Top 5 most discussed K-pop artists (*Period: 2020.07.01 ~ 2021.06.30)

●      BTS: https://twitter.com/BTS_twt/status/1303343927676731392

●      NCT: https://twitter.com/NCTsmtown/status/1308330220563308546

●      BLACKPINK: https://twitter.com/BLACKPINK/status/1366402849685590022

●      EXO: https://twitter.com/weareoneEXO/status/1391770182922629123

●      TREASURE: https://twitter.com/treasuremembers/status/1406584320760770562

 

Twitter Blueroom LIVE program connects artists with fans in the new normal

#TwitterBlueroom continues to connect fans globally to their favorite K-pop artists by bringing exclusive interviews and Q&A sessions for them to get closer to their idols. From 2PM (@follow_2PM), a second-generation K-pop group with a comeback after five years, to third-generation Kpop groups like DAY6 (@day6official) and iKON (@YG_iKONIC), artists and K-culture leaders engaged with their fans in real time on #TwitterBlueroom. ITZY (@ITZYofficial), one of the hottest K-pop girl groups, hosted a LIVE Q&A with over one million viewers while JUSTB (@JUSTB_Official), who just debuted last month, did so via a showcase live-streamed on #TwitterBlueroom, bringing fans from all over the world together virtually.

 

Watch these Blueroom sessions again:

●      2PM (@follow_2PM) 7/3: https://twitter.com/follow_2PM/status/1411263519912173572

●      DAY6 (@day6official) 7/2: https://twitter.com/day6official/status/1410885968211726339

●      iKON(@YG_iKONIC) 3/5: https://twitter.com/YG_iKONIC/status/1367671185656279044?s=20

●      ITZY (@ITZYofficial) 5/2: https://twitter.com/ITZYofficial/status/1388795702390628357

●      JUST B (@JUSTB_Official) 6/30: https://twitter.com/JUSTB_Official/status/1410191562143789064

 

YeonJeong Kim, Head of Global K-pop Partnerships at Twitter, said, “Whether they are global powerhouses or emerging stars, K-pop fans are talking about and engaging with their favourite artists regularly on #KpopTwitter. Culturally, we have seen the phenomenal rise of K-pop across the world, but this trend is not new on Twitter as we have experienced the growth in conversation first-hand. We will continue to work with artists and their labels to bring more content for the K-pop community.”

 

In 2021, K-pop is bigger than ever – there is always something happening on #KpopTwitter, from #TwitterSpaces to #TwitterBlueroom, and more. If you missed an event, catch up on what has happened on the Twitter blog. Here are some of the top moments from 2021 so far:

●      #SMTOWN_LIVE delivered a message of Hope… Generated 12 M Tweets!

●      SEOTAIJI concert “Quiet Night” grabbed 3.2M viewers worldwide on Twitter

●      Twitter brings #FanTweets to #Kpop starting with #BLACKPINK #ROSÉ

●      #BTS_Butter spread Twitter with 300M Tweets globally in 1 month

●      88rising #AsiaRisingTogether livestream on Twitter to #StopAsianHate

●      Kpop Generation Analysis: BTS set an example for the 4th gen on Twitter

●      World Music Day Celebration #KpopTwitter Campaign

●      3 of the top 5 most listened-to Twitter Spaces are K-pop artists (GOT7 Bambam, NCT, TWICE)

Join the #KpopTwitter conversation with other fans and your favorite K-pop idols today!

About Twitter, Inc.

Twitter is what’s happening and what people are talking about right now. To learn more, visit about.twitter.com and follow @Twitter and @TwitterKorea. Let’s talk.

#Twitter

Second Quarter 2021 Citi Residential Property Ownership Survey

Over half of respondents optimistic about home prices as pandemic situation improves, despite reduced interest in property ownership

HONG KONG SAR – Media OutReach – 29 July 2021 – Citi Hong Kong conducted a survey in June 2021 on residential property ownership in Q2 2021, examining the impact of the COVID-19 pandemic on local residents’ attitudes towards residential property ownership. According to the survey results:

  • With the COVID-19 pandemic being eased, Q2 2021 witnessed a significant recovery of confidence in the property market. Over half of the respondents believed that property prices would rise in the coming year. Only about 10% of respondents were pessimistic about the property market, a lower percentage compared with the previous quarter.
  • 14% of respondents expressed interest in property ownership, down from the previous quarter. Based on the survey results, it was projected that close to 500,000 people toured new home developments in May and June this year.
  • 7% of respondents considered it was a good time to buy a home in Q2 2021, a figure that remains higher than those recorded throughout the eight-year period between 2012 and 2019, before the COVID-19 outbreak.
  • Approximately half of the respondents mentioned they have higher levels of household income than expenditure, down from nearly 60% recorded in the previous quarter. With close to 40% of respondents who just managed to strike a balance between income and spending, the survey findings show a lower percentage of respondents with surplus funds.
  • With the improving pandemic situation, “zero local COVID-19 infections” were recorded for most of the days in Q2 2021, which helps boosting respondents’ confidence in rising property prices. However, there is a drop in the percentage of respondents expressing interest in purchasing a home, probably due to fewer respondents having surplus funds.

 

Over half of respondents expect a rise in property prices in the coming year; based on the survey findings, an estimated 500,000 people toured new home developments in May and June this year

 

According to the results of the Q2 2021 survey, 7% of respondents considered Q2 2021 a good/an excellent time to buy a home, a percentage similar to that of the previous quarter but higher than that recorded throughout 2012 to 2019, the eight-year period before the pandemic outbreak.

 

In Q2 2021, 14% of the respondents expressed interest in buying a home, a slightly lower figure compared with the previous quarter. Estimated based on the survey findings, about 495,000 people visited a show flat in May and June this year, up nearly 10% compared with the previous quarter. This shows that more people have gone house-hunting amid the gradually easing pandemic.

 

Indicating a continued recovery of confidence in the property prices in the coming year, 54% of respondents were optimistic about a rise in property prices, up from 33% in the previous quarter, while 35% of the respondents expected property prices to remain unchanged. The percentage of respondents holding bearish views on the property market also fell to 12% this quarter from 20% in the previous quarter, reflecting stronger confidence in rising property prices. This view was probably fueled by the significantly improving pandemic situation, as “zero local infections” were recorded on most of the days in June this year, when the survey was conducted. However, when respondents were asked about their household income and expenditure, approximately 50% of them mentioned having higher household income than expenses, down from the close to 60% recorded in the previous quarter. 36% of the respondents just managed to strike a balance between income and spending, compared with 14% who considered themselves to spend more than their household income. The survey findings reflect a lower percentage of respondents with surplus funds compared with the previous quarter. This is probably one of the reasons contributing to the reduced level of interest in purchasing a home.

 

If you do not own any property now, taking your current standard of living and family finances into consideration, do you think it is a good time to purchase a home now?

 

Percentage of Respondents

 

Q2 2020

Q3 2020

Q4 2020

Q1 2021

Q2 2021

A good/an excellent

time to purchase

11%

10%

8%

7%

7%

Neutral

35%

36%

39%

37%

38%

A bad/terrible

time to purchase

54%

54%

54%

56%

55%

 

How interested are you in purchasing a property now?

Percentage of Respondents

 

Q2 2020

Q3 2020

Q4 2020

Q1 2021

Q2 2021

Very/rather
interested

21%

17%

17%

17%

14%

Neutral

27%

28%

27% 

29%

28%

Very/rather
uninterested

52%

55%

56%

54%

58%

 

How do you think home prices will trend in the next 12 months?

 

Percentage of Respondents

 

Q2 2020

Q3 2020

Q4 2020

Q1 2021

Q2 2021

Upward

33%

23%

22%

33%

54%

Flat

34%

34%

43%

47%

35%

Downward

33%

43%

36%

20%

12%

 

“The survey results show a recovery of confidence in the property market in Q2 2021,” said Josephine Lee, Head of Retail Bank at Citi Hong Kong. “More than half of the respondents expected property prices to rise in the coming year, and the number of respondents who considered it a good time to buy a property in Q2 2021 has remained at a higher level compared with that seen before the pandemic outbreak. However, fewer respondents with surplus funds were recorded, which may explain the reduced level of interest in buying a property. Amid the continued improvement in the pandemic situation, the economy is expected to recover further. We recommend that interested homebuyers comprehensively assess their financial condition and seek an appropriate mortgage plan as part of the detailed planning necessary to fulfil their dream of home ownership.”

 

Citibank commissioned the University of Hong Kong Social Sciences Research Centre to conduct the survey, interviewing a random sample of more than 500 Hong Kong respondents by phone in June 2021. Since 2010, Citibank has been conducting quarterly surveys on the Hong Kong housing market to assess the current state of home ownership in the SAR, gauge public intentions towards home ownership, and track public expectations of future housing price trends.

Source: Citibank Q2 2021 Residential Property Ownership Survey

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

#Citi #Citibank

EV Dynamics Joins Forces with Quantron through a Share Swap to Form a New Electric Vehicle Powerhouse

HONG KONG SAR – Media OutReach – 29 July 2021 – Ev Dynamics (Holdings) Limited (the “Company”, formerly known as China Dynamics (Holdings) Limited; Stock Code: 476, together with its subsidiaries, collectively “Ev Dynamics” or the “Group”), which provides new energy vehicles and technology integrated solutions, has signed a share swap agreement with Quantron AG (“Quantron”), a Germany-based company engaging in inner city e-mobility and regional passenger and freight transport, in a bid to expand its global new energy vehicle production, engineering, marketing and sales, and after-sale service setup.

 

Pursuant to the agreement, Ev Dynamics has conditionally agreed to subscribe for 6,459 subscription shares of Quantron, representing approximately 10.18% of the enlarged share capital of the German company, at a consideration of EUR5,000,000 (equivalent to approximately HK$45,848,191). The consideration shall be satisfied by the Company via allotment and issuance of 254,712,175 consideration shares at HK$0.18 per share to Quantron.

 

The issue price of HK$0.18 represents a premium of approximately 44.00% to the closing price of HK$0.125 per share as quoted on The Stock Exchange of Hong Kong Limited on 28 July 2021, being the last trading day prior to the date of the agreement.

 

Upon completion of the deal, the Company will hold a total of 9,157 shares of Quantron, representing approximately 14.43% of the enlarged share capital of the German company.

Mr. Miguel Valldecabres Polop, CEO of Ev Dynamics (left) and Mr. Andreas Haller, member of the board and founder of Quantron (right) believe that the share swap is another milestone in the strategic growth of the two companies.

 

Mr. Miguel Valldecabres Polop, CEO of Ev Dynamics, said: “The share swap will enable both companies to speed up profitable growth and reap synergies from sharing technical knowhow and respective market coverage. With the favourable policies and market trend of electrification of passenger and freight transports, Quantron has continued to receive substantial purchase orders and service quotations from customers and source e-platform and e-vehicle components from the Group to meet customer demand. The transaction will allow us to leverage the business network and experience of Quantron in Europe, giving us a good opportunity to expand into the light and medium e-delivery trucks market in Europe. Ev Dynamics will become one of the production plants for Quantron.”

 

Mr. Andreas Haller, member of the board and founder of Quantron, said: “Quantron and Ev Dynamics will jointly develop zero-emission electric vehicles, hydrogen bus and logistic vehicles. The products and services will be designed and engineered by Quantron, which is well developed in Germany and Europe, where Ev Dynamics will manufacture the vehicles. The two companies will evaluate strategic partnerships with fuel cell technology companies. We believe the share swap is another milestone in the strategic growth of the two companies.”

 

Mr. Michael Perschke, international advisor of EV Dynamics, added: “Quantron is a dominant player in the European electric vehicle market and Ev Dynamics is a prominent player in China’s new energy commercial vehicle sector. By joining forces, both companies will gain access not only to new markets but also additional engineering capabilities.”

About Ev Dynamics (Holdings) Limited (Stock Code: 476)

Ev Dynamics (Holdings) Limited is a pioneer and a prominent player in China’s new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power system and its key components. The Group has production base in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America.

#EvDynamics

About Quantron AG

Quantron AG is a system provider of clean battery and hydrogen-powered e-mobility for commercial vehicles such as trucks, buses and vans. In addition to new electric vehicles, the wide range of services offered by the innovation forge includes the electrification of used and existing vehicles, the creation of individual overall concepts including the appropriate charging infrastructure as well as rental, financing and leasing offers and driver training. Quantron AG also sells batteries and integrated customised electrification concepts to manufacturers of commercial vehicles, machinery and intralogistics vehicles. The German company from Augsburg in Bavaria is a pioneer and innovation driver for e-mobility in passenger, transport and freight traffic.

Mobile Esports Takes Off Across Southeast Asia

Tencent, Newzoo white paper highlights new business models, career opportunities

PHNOM PENH, CAMBODIA / MANILA, PHILIPPINES / HANOI, VIETNAM – Media OutReach – 29 July 2021 – Esports is taking off across Southeast Asia, leading to the emergence of innovative business models and new career opportunities in the region, according to a white paper co-developed by Tencent, the world leading internet company, and Newzoo, the leading provider of games and esports data and insights.

PUBG Mobile

According to the data from Newzoo, the compound annual growth rate (CAGR) for esports revenue in Southeast Asia is forecast at +20.8% from 2019 to 2024 and should reach US$72.5 million in 2024. The growth rate is nearly double the global CAGR of +11.1% for the sector.  

Games & Esports KV

 

The white paper, titled Games & Esports: Bona Fide Sports, also noted that, unlike the developed economies of North America and Western Europe, where esports has grown from a more-sophisticated IT infrastructure, Southeast Asia’s growth is fueled by a more-affordable mobile-first gaming preference. A 2021 consumer insight study conducted by Newzoo with respondents from Southeast Asia showed that a whopping 82% of the total online population in the region plays mobile games. Meanwhile, 39% of respondents are mobile-first gamers, spending the most time playing mobile games.

James Yang – Director of PUBG MOBILE, Global Esports, Tencent Games

 

At an industry roundtable hosted by Tencent and Newzoo, esports sector panelists agreed that the region will benefit from ongoing trends and developments in the games industry.

 

“We are seeing the rise of esports from being played via traditional PCs and consoles to mobile esports, and this is influenced by new developments in improved mobile hardware, cloud gaming and 5G networks,” said James Yang, Director of PUBG MOBILE Global Esports, Tencent Games.

 

Esports as an economic multiplier

Other panelists including game developer and publisher, Riot Games; one of the top esports organization in Indonesia, Bigetron Esports; Vietnam’s Recreation and eSports Association (VIRESA) as well as a member from Malaysia’s Asia Pacific University of Technology & Innovation (APU) described Southeast Asia as a dynamic region. Esports is having a positive economic impact there, with the emergence of creative business models and new career opportunities within the esports ecosystem.

 

“Esports is fast-growing and becoming an integral part of the local games market. By the end of 2021, it is expected that Southeast Asia will hit 42.5 million esports audiences. Newer esports organizations will be founded, tournament organizers will enter the market, including broadcast companies and specialized marketing agencies,” said Hugo Tristão, Head of Esports at Newzoo.

 

The widespread interest among the public about esports has also changed how content will be shared and consumed. For instance, the shift from publisher-owned tournament broadcasts to “watch parties” led by influencers will disrupt how media rights are awarded. This will also have a spillover effect in terms of how sponsorship marketing for esports evolves.

 

Positive momentum

Additionally, the growth of esports in Southeast Asia has spawned new career opportunities. Apart from players turning their passion into a professional career, there are now completely new jobs and job categories, including content creators, social media influencers, “shoutcasters”, managers and coaches thrown into the fray. Larger esports organizations even have a back office to support essential business operations, such as marketing and finance.

 

Esports is also gaining credibility and acknowledgement in academic circles. In Malaysia, the Asia Pacific University of Technology & Innovation (APU) offers skills-based esports certification programs. In Indonesia, esports is also shaping up as a viable professional career path for talent.

 

The inclusion of esports as a medal sport in the recent SEA Games 2019 underscores the significance and appeal of this industry in Southeast Asia. Mobile esports, especially, will experience significant growth in the coming years, supported by technological advancements, strategic investments aimed at sustaining the ecosystem and increased recognition as a real sport with talents, skills, competition, and entertainment.

 

The impact of the pandemic

Despite the ongoing pandemic, the esports industry in Southeast Asia has taken challenges in stride. Service providers, developers, publishers and event organizers have responded by investing in technologies to enhance gameplay and the competition environment for fair play, as well as online tournament experience for fans watching online.

 

Throughout 2020, PUBG MOBILE competitions racked up more than 200 million hours in viewership. Tencent’s Yang noted that more people watch gameplay and esports tournaments online, even if some of them do not play the game. He said he expects the new user fan base gained during the pandemic to be sustained when people return to their new normal routine. And roundtable participants said they believe hybrid events, which with both online and offline components, will likely become more common after the pandemic.

 

The white paper concluded that Southeast Asia’s uniquely mobile-first gaming preference means sector growth is poised to continue in the years to come, and mobile esports will be the mainstay of gaming in this region.

 

“Esports is a significant trend that few can ignore, and stakeholders from within the industry and outside of it will benefit by coming together to further develop and enhance the ecosystem. It’s no doubt a catalyst that will spur the growth of various relevant industries with innovations in the region and across the world,” said Yang.

 

The industry white paper is available for free download on https://tencent.blog/sea-esports

 

APPENDIX: Key Takeaways from the White Paper

 

1.  Covid-19 Pivots Shift in Game-Viewing Behavior

The Covid-19 pandemic has accelerated esports viewership and pushed all service providers, developers, publishers and event organizers in the esports industry to up their games and invest in technologies to enhance gameplay, competition environment, as well as online tournament experiences for fans watching online. It is expected that most of the additional engagements arising from this period will stick after the pandemic, and hybrid events will become more common.

 

2.  Southeast Asia’s First Screen – A “Mobile-First” Region

Younger population influences the shift to a ‘mobile first’ mentality where the region’s increasing online population and high smartphone penetration contribute significantly to the growth of mobile esports. As infrastructure and internet connectivity continue to improve, it will play a part to enable the growing gaming ecosystem in the region.

 

3.  Mobile Esports Contributes to Social and Economic Benefits

Esports is going mainstream in Southeast Asia with fast-rising recognition in recent years. In this digital era, esports provides opportunities for corporate sponsors to target demographics that may be difficult to reach through the traditional marketing channels. All said, the potential of the industry is tremendous. It is fast shaping up as a viable career path where talents train to be professional esports players while concurrently pursuing academic studies. Esports education is no longer conceptual, and proper accreditation for esports education is now being offered. Supportive policies from governments in the region will continue to provide the impetus for future growth.    

 

4.  Esports Offers Equal Access to Everyone

Esports is a more inclusive and diverse activity intent on offering equal opportunity to everyone pursuing a career in the sector. In addition to the economic benefits, a thriving esports industry also contributes toward the betterment of the society by uniting people from different backgrounds socially and demographically – society and social status, gender, race, age and physical ability. 

About Tencent

Tencent is a world-leading internet and technology company that develops innovative products and services to improve the quality of life of people around the world.

Founded in 1998 with its headquarters in Shenzhen, China, Tencent’s guiding principle is to use technology for good. Our communication and social services connect more than one billion people around the world, helping them to keep in touch with friends and family, access transportation, pay for daily necessities, and even be entertained.

Tencent also publishes some of the world’s most popular video games and other high-quality digital content, enriching interactive entertainment experiences for people around the globe.

Tencent also offers a range of services such as cloud computing, advertising, FinTech, and other enterprise services to support our clients’ digital transformation and business growth.

Tencent has been listed on the Stock Exchange of Hong Kong since 2004.

#Tencent

About Newzoo

Newzoo is the world’s leading provider of games and esports data and insights. With over a decade of market expertise, Newzoo is proud to help some of the most successful entertainment, technology, and media companies around the world, such as EA, Bloomberg, PepsiCo, Vodafone, target their audience, track competitors, increase brand awareness, spot opportunities, and make strategic and financial decisions. Newzoo’s product portfolio includes the Global Games and Global Esports & Live Streaming Market Reports, proprietary Consumer Insights profiling consumer behavior and preferences in 33 key markets across the globe, Newzoo Pro, Expert, and Consulting. For any questions, get in touch at press@newzoo.com.

#Newzoo

OctaFX Celebrates Ten Years in Business

KUALA LUMPUR, MALAYSIA – Media OutReach – 29 July 2021 – In 2021, global broker OctaFX celebrates its tenth anniversary. There is no denying that this Forex player is already a seasoned veteran and industry leader in many regions, successfully competing with both local and global companies.

 

Such a milestone in a company’s life is an excellent occasion to look back on its key achievements, so that’s what OctaFX has done, presenting us their ten significant results for ten years of operation. 

 

Here is what has been shared with the public:

  • 7.5 million Forex trading accounts opened;
  • 230,000 Trade and Win gifts delivered;
  • over 520,000 followers on social media
  • 43 Forex industry awards received
  • over 100 countries with happy OctaFX clients
  • 500 million trades executed on the platform since the beginning
  • more than 40 charity initiatives launched within Corporate Social Responsibility Strategy
  • 5,500,000 clients’ questions answered in person
  • 1,300 educational webinars on Finance, Investment, and Forex
  • more than 4,600 active IB partners from all over the world.

 

These numbers show not only the broker’s success but also the impact of its diversified activities on local communities, especially within the social dimension.

 

In the foreseeable future, we can expect the expansion of the global broker’s activities in many directions both on global and regional levels. 

 

OctaFX is a global broker that provides online trading services worldwide since 2011. It offers a state-of-the-art trading experience to over 7 million trading accounts globally. OctaFX has won more than 40 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 activities.

 

#OctaFX