Alibaba doubling down in Southeast Asia
HANGZHOU, China & SINGAPORE, June 28 (Bernama-BUSINESS WIRE) --Alibaba Group Holding Limited (NYSE: BABA) announced today that it will invest approximately USD1 billion to increase its stake in Lazada Group, the leading e-commerce platform in Southeast Asia, from 51% to approximately 83%. This transaction demonstrates the continued success of Lazada’s business, Alibaba’s confidence in the growth potential of the Southeast Asian markets and its commitment to the region as part of its global strategy. Alibaba will purchase the shares of certain Lazada shareholders at an implied valuation of USD3.15 billion for the company, reflecting a significant increase in the value of Lazada since Alibaba first acquired its majority stake in April 2016. The transaction will increase Alibaba’s total investment in Lazada to over USD2 billion. Lazada will continue to operate under the same brand following this investment. Alibaba’s investment in and collaboration with Lazada have been an important part of expanding Alibaba’s global footprint, providing it with unrivalled access to consumers in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. With only 3% of the region’s total retail sales conducted online, Southeast Asia is expected to offer tremendous growth potential. With Alibaba’s scale, e-commerce know-how and technology expertise supporting the execution of Lazada’s management team, the two businesses have successfully developed a vibrant e-commerce gateway, giving brands and sellers access to the 560 million consumers in the region. The cooperation has also enabled Lazada to invest further in the marketplace, technology, payments and logistics, greatly enhancing its services and providing an unparalleled consumer experience for online shoppers, as well as critical support for the region’s merchants, many of whom are small businesses. “As a market leader, Lazada has demonstrated its ability to execute and further lead the region in products and services with the best consumer experience in Southeast Asia while growing a strong ecosystem that supports small businesses going online,” said Daniel Zhang, CEO of Alibaba Group. “The e-commerce markets in the region are still relatively untapped, and we see a very positive upward trajectory ahead of us. We will continue to put our resources to work in Southeast Asia through Lazada to capture these growth opportunities,” he added. Maximilian Bittner, CEO of Lazada Group, said, “I couldn’t be more excited to deepen our relationship with Alibaba. With their support, we will continue to empower brands and sellers to offer a wide selection of unique assortment to consumers across Southeast Asia while delivering an exceptional customer experience backed by our best-in-class logistics network.” During the past 12 months, both Lazada and Alibaba worked on a number of initiatives to advance e-commerce in Southeast Asia, endeavoring to lower barriers and facilitate borderless commerce. These initiatives include the establishment of an e-fulfillment center in Malaysia which forms part of Alibaba’s Electronic World Trading Platform (eWTP) strategy, advancing “Thailand 4.0”, and launching Taobao Collection in Singapore and Malaysia allowing local customers to shop for high quality products from China. Morgan Stanley Asia Limited acted as exclusive financial adviser for the transaction. About Alibaba Group Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years. About Lazada Group Lazada is the number one online shopping & selling destination in Southeast Asia – present in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Lazada helps more than 100,000 local and international sellers as well as 2,500 brands serve the 560 million consumers in the region through its marketplace platform, supported by a wide range of tailored marketing, data, and service solutions. Lazada offers an excellent customer experience through a wide network of logistics partners and its own first and last mile delivery arm. Safe Harbor Statements This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expect,” “future,” “continue,” “strategy” and similar statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in Alibaba’s filings with the SEC. All information provided in this press release is as of the date of this press release and is based on assumptions that Alibaba believes to be reasonable as of this date, and Alibaba does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Contacts Alibaba Group Rico Ngai, +852 9725 9600 [email protected] or Lazada Group William Gaultier, +65 8459 5766 [email protected] Source: Alibaba Group Holding Limited View this news release online at: http://www.businesswire.com/news/home/20170628005543/en --BERNAMA
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SIHUI, China, June 29, 2017 /Xinhua-AsiaNet/--
Though it is not the place of origin, Sihui, a county-level city of Guangdong province, is called 'the City of Jadeware'. It is well-known for the elaboration of jade from other places. As one of the largest centers of processing and selling jadeware, Sihui is also landed with green ecological landscape, like a jade in Guangdong-Hong Kong-Macao Greater Bay Area. With years' efforts, it has become one of the 100 counties with greatest potential of investment in China by innovatively reconstructing new urbanization and integrating into the Pearl River Delta. http://mrem.bernama.com/viewsm.php?idm=29483 KUALA LUMPUR, June 28 (Bernama) -- Japan International Cooperation Agency (JICA) Malaysia Office, jointly with Economic Planning Unit of Malaysia, organized a seminar “60 Years & Beyond: The Way Forward” on 18 May, 2017 in Putrajaya.
Year 2016 was the 60th year since the first technical trainees visited Japan from Malaysia in 1956, and Year 2017 is the 60th anniversary of diplomatic relationship between Malaysia and Japan. As a commemoration of those anniversaries, the Seminar intended to look back how Japanese Official Development Assistance (ODA) has been walking along the way to social and economic development of Malaysia and to explore the ways to widen the scope of future cooperation of the two countries. At the seminar, Dato Yogeswaran of EPU and Mr. Orikasa of the Embassy of Japan both acknowledged the success of Japanese assistance and complimented JICA’s role in the development process. A keynote speech and a video provided the background and characteristics of Japanese ODA and explained the basis for the success of the cooperation. Guided by Dr. Leon from Sunway University, a panel of 6 speakers then explored various themes of the development cooperation that ranged from industrialization, infrastructure development, waste management to human resource development, private sector and the importance in trade and investment and finally the future of the cooperation, which will likely to take the form of partnership, the next step beyond development cooperation and assistance. Many top management participated in the seminar including those from Centre for Instructor and Advanced Skill Training (CIAST) and Malaysia Productivity Corporation (MPC), both of them have long cooperation history, as well as implementing agencies of on-going projects such as Malaysian Maritime Enforcement Agency (MMEA) and Malaysia-Japan International Institute of Technology (MJIIT). The fact that more than 60 of Ministries/Departments and universities participated in the seminar shows that many Malaysian related recognized the contribution of Japan to social and economic development of Malaysia and people-to-people exchange between Malaysia and Japan through training programmes under the Look East Policy built the foundation of this success. mrem.bernama.com/viewsm.php?idm=29475 KUALA LUMPUR, June 28 (Bernama) -- Malaysia’s leading total coating solutions provider, Nippon Paint Malaysia Group (“Nippon Paint”), celebrated the 10th edition of its premier annual design competition, the Asia Young Designer Award (AYDA), which has impacted more than 10,000 young and talented student designers across 15 countries in Asia namely Malaysia, Singapore, the Philippines, Bangladesh, Thailand, Pakistan, Indonesia, Papua New Guinea, Vietnam, China, Japan, Hong Kong, Taiwan, India and Sri Lanka.
“In the past 10 years, it has always been our pride and joy at Nippon Paint to witness young and talented designers rise-up to the challenge in creating meaningful and innovative designs that are both humanistic and cutting-edge in nature. Through AYDA, we believe with every year that we are able to nurture the new generation as they are the key foundation in establishing a design community guided by creativity and innovation,” said Ms Gladys Goh, Group General Manager of Nippon Paint Malaysia Group. Since 2008, AYDA has evolved from being a competition for young talents to showcase their design ideas into one that offers an avenue for them to engage with renowned industry speakers, gain first hand exposure to personalised coaching, mentoring and skill-building workshops by experienced key figures in the design industry as well as learn from their fellow peers from across borders. The AYDA 2017 theme - You for Tomorrow: Future Living as Envisioned Today is tailored to challenge the foresight and technical abilities of young designers today to anticipate the needs of tomorrow and with those insights, pen down designs that serves the citizens of tomorrow. To provide design students the opportunity to sharpen their skills and knowledge through interactive sharing sessions, the AYDA XChange 2017 showcased two reputable industry captains, namely, Ar Tang Hsiao Seak, Director of Garis Architects and Co-Founder of Gade Design Workshop, Mr. Martin Haeger, Director of HL Design Group. To date, over 4,500 architecture and interior design students have participated in this prestigious competition from a mere 87 entries since its introduction in 2008 and is expected to garner even more entries in 2017. AYDA 2017 is open to Architecture students and Interior Design students. Final date of entry is 3 October 2017, with further competition details available on www.asiayoungdesigneraward.com Source : Perspective Strategies FOR MORE INFORMATION, PLEASE CONTACT: Name : Sam Jo Lene, Ms Tel : 03 - 7491 3138 / 016 – 4833 801 Fax : 03 - 7733 3138 Email : [email protected] --BERNAMA au HOME launching with Z-Wave in July 2017
FREMONT, Calif., June 23 (Bernama-GLOBE NEWSWIRE) -- Sigma Designs® (NASDAQ:SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for connected smart TV platforms and smart home IoT, is pleased to announced that Japan’s largest telco corporation, KDDI, uses Z-Wave as the wireless mesh technology powering their smart home solution, au HOME, designed specifically for network operators. KDDI is growing its lifestyle brand for consumers with the expansion of the popular au mobile service beyond communications into home services aimed to capture a piece of the growing smart home market and extend it in Japan. The fully integrated, plug-and-play smart home service, au HOME, will leverage Z-Wave for a broad array of sensors, outlets, locks, and other connected devices essential for the delivery of optimal home security, automation, and smart metering services. Au HOME with Z-Wave will allow au smartphone users with the service to easily monitor their home on-the-go and control home temperatures, lock doors and windows, control lighting, and measure power consumption. "We are excited to be working with KDDI to bring Z-Wave technology to Japan," said Raoul Wijgergangs, VP of Sigma Designs' Z-Wave Business Unit. "Capitalizing on the smart home market requires thoughtful solutions that address the real challenges faced by both service providers and end consumers. KDDI's system will allow them to easily introduce new smart home technology and allow consumers to expand their smart home functionality without fear of incompatibility. As the market leader and most secure and interoperable smart home protocol, Z-Wave is perfect for powering KDDI's innovative new service." Z-Wave smart home deployments have been at the forefront of new telco initiatives in the U.S. and Europe for many years. The market in Asia is now rapidly closing the gap with all three major providers in Republic of Korea: SK, KT and LGU+, offering programs capped off with this announcement by industry giant, KDDI, in Japan. The au HOME smart home solution with Z-Wave will be available for consumers in Japan at the end of July 2017. About Sigma Designs Sigma Designs, Inc. (NASDAQ:SIGM) is a world leader in enabling smart home convergence. The company designs and builds the essential semiconductor technologies that serve as the foundation for the world’s leading Connected Smart TV platforms, and Internet of Things (IoT) for smart home devices. For more information about Sigma Designs, please visit www.sigmadesigns.com. About Z-Wave Z-Wave technology is an open internationally recognized ITU standard (G.9959). It is the leading wireless home control technology in the market today, with over 1700 certified interoperable products worldwide. Represented by the Z-Wave Alliance, and supported by more than 450 companies around the world, the standard is a key enabler of smart living solutions for home safety and security, energy, hospitality, office and light commercial applications. Z-Wave® is a registered trademark of Sigma Designs and its subsidiaries in the United States and other countries. About KDDI KDDI is a Japanese telecommunications corporation that provides au. KDDI views itself as a "Life Design Company," as our goal is to provide various products and services to revolutionize the lives of customers by helping them design their own lifestyles and liberate themselves from inconveniences to obtain greater freedom. Our Business Management Direction is "Transforming into a Business that Provides Customer Experience Value" and brand message is "New Freedom," so we seek to provide "New Freedom" and "provide customer experience value" on a cornerstone of "customer perspective (liberation)" and "innovation (discovery)." Safe Harbor Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about consumer adoption, and the anticipated features and benefits of Sigma’s products and solutions with respect to Z-Wave and various Z-Wave offerings. Actual results may vary materially due to a number of factors including, but not limited to, consumer and customer acceptance of Z-Wave , Sigma’s ability to deploy and achieve market acceptance for Sigma’s products in its target markets, including the IoT market, the ability of the Z-Wave development kit, chipsets and modules to compete with other technologies or products in these markets as well as other risks that are detailed from time to time in Sigma’s SEC reports, including its report on Form 10-Q..Readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date hereof. Sigma undertakes no obligation to publicly release or otherwise disclose any revision to these forward-looking statements that may be made as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Press Contacts: Mary Miller Sigma Designs +1-510-897-1069 [email protected] Alexandra Crabb Caster Communications +1-401-792-7080 [email protected] SOURCE : Sigma Designs, Inc. --BERNAMA |
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