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HONG KONG, Dec. 21, 2023 /PRNewswire/ -- The Ministry of Investment of Saudi Arabia (MISA), Regal Hotels Group and Cosmopolitan International Group are pleased to announce the signing of a Memorandum of Understanding (MoU) to jointly explore a strategic partnership in hotel development and management. The MoU aims to establish a non-exclusive framework for cooperation and collaboration between the parties, pooling their expertise and resources to promote green tourism and hospitality projects in Mainland China, the Kingdom of Saudi Arabia, and Hong Kong. [From Left to Right] Mr. Ahmad F.Jamal, Mr. Ayidh Alyami, Ms. Poman Lo, Mr. Jimmy Lo The potential partnership will aim to leverage the combined strengths of Regal Hotels and Cosmopolitan, renowned for their expertise in developing and operating hotel brands, together with MISA's expertise in shaping and driving investment into high value tourism opportunities. Regal Hotels is committed to proptech and the development of green and sustainable projects, with a strong focus on innovation and technological advancements aiming to integrate cutting-edge technologies and sustainable practices into their hospitality and real estate projects. Additionally, Cosmopolitan expects to contribute its experience and expertise in project management of real estate and hotel development projects in Mainland China and Hong Kong. Furthermore, Regal Hotels and Cosmopolitan will evaluate opportunities to invest in an asset management platform through joint ventures, investment funds, and/or publicly listed companies in the Kingdom of Saudi Arabia and/or Hong Kong. The objective of the MoU is to acquire, own, develop, and manage a network of sustainable hotels, serviced apartments, and centers of innovation under the "iclub" brand of Regal Hotels. This initiative aims to foster tourism, innovation, and technology exchange between China and the Kingdom of Saudi Arabia. "This MoU is another step forward in our plans to continuously assess ways and means of building our presence in the tourism, innovation, and sustainability sectors. Tourism is a key sector of investment as we drive towards Vision 2030. In 2022, Saudi Arabia attracted more than 18 million inbound visits, more than any other Arab nation, and with an estimated 11% annual growth rate over the next decade. We look forward to exploring new opportunities with Regal Hotels and Cosmopolitan as we look to elevate our tourism products and services in the Kingdom," said Mr. Saleh Al-Khabti, MISA's Deputy Minister of Investment. "We are delighted to partner with MISA to accelerate our shared vision of becoming a global leader in delivering world-class services through our hospitality management expertise and embracing sustainable technologies," said Ms. Poman Lo, Vice Chairman and Managing Director of Regal Hotels International Holdings Limited. "Regal Hotels is committed to developing a leading network of hotels and innovation centers that drive the sustainable transition through digital and green transformation. With a preliminarily estimated size of USD 5 billion for the MISA partnership, we are excited to explore partnership opportunities with both public and private investors." Mr. Jimmy Lo, Vice Chairman and Managing Director of Cosmopolitan International Holdings Limited said, "We look forward to working with MISA and ecosystem investors to launch an asset management platform for acquiring and developing a sustainable network of 'iclub Hotels' and innovation centers. We are excited and shall consider favourably any attractive and appropriate proposal for Cosmopolitan International to serve as the listed investment vehicle for this platform."
First Party Data Solution Increases CPMs for Publishers by 26% and Lowers CPCs for Advertisers by 33%Direct Publisher Relationships Result in 72% of Ad Spend to Direct Supply NEW YORK, Dec. 21, 2023 /PRNewswire/ -- As 2023 draws to a close, TripleLift, the ad tech platform elevating digital advertising across every screen, wraps a 2023-year marked by innovation, strategic partnerships, and a commitment to economic inclusion and sustainability. With the launch of first-party data solution TripleLift Audiences, along with partnerships that bolster the offering, the ad tech platform made significant leaps in demonstrating effectiveness and delivering results for advertisers and publishers. Bolstering ExpertiseAmazon Ads veteran Ed Dinichert joined this year as Chief Revenue Officer to lead the 200+ person global team, oversee customer success, and help retail media networks expand their platform offerings. Adolfo Villagomez and Tony Wells also joined as independent board directors. Both have worked for decades at leading brands, including Verizon and The Home Depot. Their additions further TripleLift's ability to deliver in the retail media and data addressability spaces. Superior Audiences: The First-Party Data SolutionThe launch of TripleLift Audiences (TLA) in 2023 is more than a technological advancement; it's a paradigm shift in how advertisers and publishers understand the power of first-party data. September marked the release of the industry's first-ever large-scale test results showing that its recently launched targeting solution is effective across the web, including in cookie-constrained environments. With 28,600 domains already available, TLA has delivered a remarkable CPM increase of 26% for publishers and a 33% lower cost-per-click (CPC) for advertisers. TripleLift's commitment to solving cookie depreciation with first-party data extends beyond mere numbers; it's about empowering partners with insights that fuel success. Premium Quality: Direct Publishers InventoryTripleLift's pursuit of effectiveness in 2023 led to the onboarding of more than 200 new direct publisher partners in open web and CTV, a number that belies the quality and influence these partnerships bring to the advertising ecosystem. Including Plex, these online and CTV, solidify TripleLift's reputation as the go-to platform for premium content. TripleLift's supply chain health is a testament to the company's long-standing network curation, validated by Jounce's findings of 98% coverage, 97% authorization in ads.txt and app-ads.txt, and 99% listing in sellers.json. With 72% of ad spend going to direct supply, dedication to ensuring a clean, transparent and trustworthy supply chain is paramount. TripleLift works with 80%+ of comScore 200 Ad-Supported Publishers and delivers 2 trillion+ monthly global impressions across North America, EMEA, LATAM, APAC, and MENA. Effective Advertising: Powerful Creative TechInvestment in formats in 2023 represents more than a financial commitment—it's a pledge to redefine the creative landscape. In-feed, integrated ads, and branded video formats are not just advertisements; they are experiences carefully crafted to captivate audiences. Advertiser data underscores the efficacy and demonstrates statistically significant increases in revenue and CPMs for publishers. Native advertising, as exemplified in Hearst and CafeMedia case studies, remains as a potent force in the industry, outperforming display, social, and competitors. The statistics tell a compelling story—42% more likely to capture consumer attention than banners, a 100% revenue boost for Hearst, and a 41% revenue surge for CafeMedia. In CTV, TripleLift has not just entered the arena; they have become the game-changer. Partnerships with premium publishers like Samsung, DIRECTV, and Plex TV underscore the trust placed in TripleLift. With a 70% average increase in CTV premium publisher revenue YoY, Live Sports Lookbook, and an extensive library of 30+ packages, they are not just keeping pace but setting the tempo. The Adelaide partnership, launched in 2023, has elevated offerings and actively contributed to industry benchmarks. TripleLift inventory consistently outperformed Adelaide's CTV benchmarks by 8%, a testament to the quality of TripleLift placements and the strength of this partnership. Sustainability: Scope 3 CommitmentTripleLift announced in April a commitment to Scope 1 and 2, and Scope 3 reductions to lower each by more than 50% by 2030. has always been at the forefront of some of the world's most significant issues and is dedicated to going green and lowering emissions on a global scale. The company has fully committed to reducing absolute scopes 1 and 2 GHG emissions by 51.33% by 2030. Additionally, TripleLift commits to reducing Scope 3 GHG emissions related to air, hotel, and car travel by 55% per full-time team member by 2030. Both are science-based target (SBTI) reduction goals and are 1.5ºC aligned. TripleLift also partnered with Patch, the platform scaling unified climate action, to offset carbon emissions by investing in the Clearloop Panola County Solar Project, a female and minority-led supplier. These internal efforts added to the client initiative, the GREEN Exchange Traded Deal, which gives advertisers another way to use their dollars to keep the planet green. Intentional Investment: Increasing Economic Inclusion & SustainabilityOnboarding 5,838 UNREP sites (Underrepresented Publishers) in 2023 is not just about numbers but driving economic inclusion. TripleLift initiatives have influenced $90M in ad spend, driving change across over 90 accounts. Corporate Social Responsibility is not just a checkbox; it's a commitment. TripleLift's vast inventory of publishers gives advertisers access to 220 Billion monthly impression avails across diverse-owned sites. These packages include inventory among publishers owned by Women, LGBTQ+, Blacks, Latinx, and Asian American Pacific Islanders (AAPI). As TripleLift wraps up an exceptional 2023, the journey doesn't end here; it evolves. Every partnership, initiative, and innovation is not just a step forward; it's a statement of intent—to push boundaries, foster connections, and redefine the future of advertising. About TripleLiftWe're TripleLift, an advertising platform on a mission to elevate digital advertising through beautiful creative, quality publishers, actionable data and smart targeting. Through over 1 trillion monthly ad transactions, we help publishers and platforms monetize their businesses. Our technology is where the world's leading brands find audiences across online video, connected television, display and native ads. Brand and enterprise customers choose us because of our innovative solutions, premium formats, and supportive experts dedicated to maximizing their performance. We are part of the Vista Equity Partners portfolio. As an NMSDC certified minority owned business, we qualify for diverse spending goals and are committed to economic inclusion. Find out how TripleLift raises up the programmatic ecosystem at triplelift.com.
SHENZHEN, China, Dec. 21, 2023 /PRNewswire/ -- TCL Electronics, a leading consumer electronics brand and the world's top two TV brand, today announced its presence at the annual Consumer Electronics Show (CES), taking place in Las Vegas in January 2024. The company will showcase over a hundred cutting-edge products, demonstrating its leading technology portfolio spanning 15 product categories, including QD-Mini LED TVs, TCL FreshIN air conditioners, TCL Free Built-in Series refrigerators, washing machines, feature-rich mobile devices, AR glasses, commercial displays, one-stop smart energy solutions and more. As a leading company in premium large-screen TVs and Mini LED technology, TCL is set to present its latest breakthroughs in display technology at CES 2024 and unveil one of the world's largest QD-Mini LED TVs to audience in the North American region for the first time. In addition to the award-winning home theater systems, the company will introduce one of the industry's first smart connected mobile device entertainment solutions which combine smartphones, tablets, smart glasses, and other devices. Among these, the latest NXTPAPER display technology optimized for the human eyes and the RayNeo AR glasses with revolutionary full-color 3D head-up display and powerful AI capabilities will be revealed. Together with its renowned partners worldwide, TCL continues to inspire greatness for global users through a variety of groundbreaking collaborations, including its role as the Official TV Partner of the National Football League (NFL) in the United States. In addition, TCL will demonstrate its commitment to a greater and more sustainable future through its latest environmental, social, and governance (ESG) initiatives. TCL has witnessed consistent growth throughout the first three quarters of 2023. Notably, TCL TVs ranked first in overall shipment in the Philippines, Australia, Myanmar, and Pakistan. Shipment of TCL TVs in the North American region increased 11.4% YoY, placing the company third in terms of shipment in the United States. Elsewhere, TCL TVs were second in France and third in the Czech Republic and Sweden in terms of shipment. For mobile devices, TCL smartphones ranked top three in Android phone shipment in North America. Other TCL products including air conditioners and RayNeo's AR and XR glasses are also leading global markets with their latest, innovative features. For more details, please refer to the below: TCL CES 2024 Press ConferenceDate & Time: 11 AM (PST), January 8, 2024Location: Mandalay Bay, Islander Ballroom in the North Convention Center TCL CES BoothDate: January 9-12, 2024Location: Las Vegas Convention Center, Central Hall #18708 About TCL Electronics TCL Electronics (1070.HK) is a leading consumer electronics brand and leader in the global television industry. TCL now operates in more than 160 markets around the world. The company specializes in the research, development, and manufacturing of consumer electronics products ranging from TVs, audio, home appliances, mobile devices, smart glasses, commercial displays, and more. Visit the TCL website at https://www.tcl.com.
Delivers Highly Demanded Visual Performance with Cinematic Video Quality and Ultra-Smooth Gaming Experience SHANGHAI, Dec. 21, 2023 /PRNewswire/ -- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of visual processing solutions, today announced the newly launched HONOR 90 GT smartphone incorporates the Pixelworks X series visual processor. The processor provides specific solutions to enhance the visual experience for different types of displayed content, resulting in cinematic video quality and ultra-smooth gaming experience. Additional features of the X series visual processor, such as color calibration, skin tone protection, and smooth brightness control, also enabled the HONOR 90 GT to deliver more immersive and vivid visual quality across various visual scenarios. Powered by the Snapdragon® 8 Gen 2 Mobile Platform from Qualcomm Technologies, Inc. and Pixelworks visual processor, the HONOR 90 GT smartphone embodies strong overall visual processing capability and superb display quality. Cross-scenario application of MotionEngine® technology reproduces the original artistic intent of visual content on smartphones. For game content, Pixelworks visual processing solution boosts the frame rate of games up to 120fps, which makes motion scenes and the movements of characters look smoother and more consistent, without impacting the original artistic intent of game creators. With the adoption of a distributed computing architecture, the incorporated MotionEngine® technology offloads intensive image rendering pressure from the GPU by undertaking up to 2/3 of the rendering workload while obtaining a high frame rate experience up to 3 times on the display end. This allows end users to enjoy immersive high frame rate gaming with lower power consumption and device temperature, as well as longer play time. Pixelworks' Rendering Accelerator SDK has also been integrated into popular mobile games such as Total Football to offer great convenience and flexibility for game development teams to leverage multiple advanced algorithms built into the Pixelworks visual processor to improve the rendering efficiency and picture quality of mobile games, thus ensuring HONOR 90 GT users an excellent IRX gaming experience. For video, the content-optimized motion processing can boost the frame rate in video Apps up to 60fps, which effectively mitigates video judder resulting from frame rate mismatch between content and the display, thus providing increased visual smoothness and stability for native frame rate content. Specific to movie content, consumers can enjoy dedicated cinematic motion mode brought by Pixelworks' visual processor on the HONOR 90 GT. The fine tuning of frame rate for movie content is based on the unique characteristic of individual scenes, which makes action scenes more vivid and static scenes more serene, while faithfully reproducing the intended unique artistic style of the movie. This video optimization has also been adapted for multiple mainstream video Apps and media players, including iQIYI, Tencent Video, Bilibili, Youku, Tencent Sports, VLC and MXPlayer. Device-specific screen calibration with high color accuracy delivers authentic and detailed color reproduction. Every HONOR 90 GT smartphone is factory-tuned with patented display calibration technology from Pixelworks and supports color gamut of 100% DCI-P3 and sRGB, reproducing true-to-life colors as seen in most real-world visual scenarios. In addition, the calibrated flesh tone solution ensures color accuracy across all display modes to convey true-to-life skin tones for all content involving real people. Pixelworks' visual processing solution also provides finely tuned and automatic luminance control that enables ultra-smooth display brightness transitions in response to changes in ambient light. This ensures that the displayed colors remain consistently true and natural with enhanced eye comfort. "We are pleased to continue our collaboration with Pixelworks on the HONOR 90 GT smartphone." said Yu Xiuhui, GM of HONOR Number Products. "The HONOR 90 GT is committed to offering affordable prices with premium product quality and top-notch performance, catering to the diverse application needs of a broad consumer base. In terms of visual experiences, the HONOR 90 GT smartphone, equipped with Pixelworks' visual processor, not only gives full play to the color display potential of the screen but also features in-depth optimization for gaming and video experiences. This optimization fully presented the thrill of gaming through exquisite picture quality and silky-smooth operating experience across a diverse range of gaming titles. Likewise, the dramatic tension in movies through meticulously crafted frames and a distinctive cinematographic language has also been completely expressed to the audience. This enables consumers to immerse themselves and enjoy a seamless experience in any visual scenario." "Congratulations on the launch of the HONOR 90 GT smartphone!" said Ting Xiong, President of Pixelworks China. "As the latest demonstration of HONOR's high-performance products, the HONOR 90 GT smartphone, equipped with Pixelworks' visual processor, seeks to fully satisfy the demands of all daily visual scenarios. Whether for movie enthusiasts or gamers, the smartphone provides end users with an immersive visual experience. Concurrent with the thriving development of the domestic film and gaming industries, there is growing demand from consumers for high-quality content. The market is undergoing a discernible shift from quantity to quality, and each high-quality frame of content often carries the intricate artistic ideas of creators. Flawlessly presenting this content and the genuine intent of creators through the IRX gaming experience on mobile devices is a shared goal of both Pixelworks and HONOR. We believe that our efforts on the HONOR 90 GT smartphone will meet and exceed consumers' expectations." About HONOR Established in 2013, HONOR is a leading global provider of smart devices. We are committed to becoming a global iconic tech brand and enabling a smart life across all scenarios and all channels, for all people. With a strategic focus on innovation, quality and service, HONOR is dedicated to developing technology that empowers people around the globe to go beyond through its R&D capabilities and forward-looking technology, as well as creating a new intelligent world for everyone with its portfolio of innovative products. For more information, please visit HONOR online at www.hihonor.com. About Pixelworks Pixelworks provides industry-leading content creation, video delivery and display processing solutions and technology that enable highly authentic viewing experiences with superior visual quality, across all screens – from cinema to smartphone and beyond. The Company has more than 20 years of history delivering image processing innovation to leading providers of consumer electronics, professional displays and video streaming services. In July 2023, Pixelworks announced its new IRX gaming experience brand. As a brand targeted at smartphone users, IRX is grounded on Pixelworks' profound visual processing and rendering technologies coupling with in-depth tuning services with consideration on games' characteristic. This combination leverages Pixelworks' expertise to optimize the performance and display quality for various mobile games, thus providing end users with unparalleled mobile gaming experiences. For more information, please visit the company's web site at www.pixelworks.com. Note: Pixelworks, MotionEngine and the Pixelworks logo are trademarks of Pixelworks, Inc. Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated, registered in the United States and other countries. Qualcomm Snapdragon is a product of Qualcomm Technologies, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners. Investor Contact:Brett L PerryShelton GroupP: 214-272-0070E: bperry@sheltongroup.com
SEOUL, South Korea, Dec. 21, 2023 /PRNewswire/ -- Alijas, leading digital cosmetic company from South Korea, is proudly introduce its cutting-edge Cosmetic AR Filter Marketing Services, CRE-AR, to the vibrant cosmetic market in the USA. Tailored for DIGITAL COMETIC companies, marketing firms, and businesses within the beauty industry seeking to leverage the power of Augmented Reality (AR) filters, CRE-AR represents a pivotal step in Digital cosmetics marketing innovation. To explore CRE-AR and other innovation from Alijas, visit www.alijas.co.kr and www.cre-ar.co.kr or follow @cre_ar.official on Instagram and TikTok. CRE-AR of Alijas: Redefining Cosmetic Marketing with Revolutionary AR Filters in the US Consumer behavior is rapidly evolving, driven by technology's remarkable advancements, notably AR. This innovative technology enriches the shopping experience by overlaying computer-generated contents onto our surroundings. Fueled by artificial intelligence, AR market expected to grow to USD 174.47 billion by 2028, Alijas recognizes the United States as a vital beauty hub, embracing diverse preferences. Using advanced AR tech, Alijas tailors bespoke filters for cosmetic brands seeking innovative ways to engage their audiences. As Cho Ki Yong, CEO of Alijas emphasized, "We aim to redefine marketing in beauty industry and position ourselves as the go-to provider for cutting-edge AR filters, offering unmatched opportunities for enhanced brand visibility and engagement on social platforms." Through CRE-AR, brands can create personalized and inclusive AR filters that cater to a wide spectrum of skin tones, facial features, and beauty styles. Alijas has already demonstrated the potential of CRE-AR by posting Shiseido's AR filter on TikTok. The results were remarkable, garnering 80,000 views and over 800 filter usage videos within just four days. This success underscores the viral effect of social media-based filters, proving their significant role in cosmetic product promotion. "With CRE-AR, Alijas pioneers a transformative approach to cosmetic marketing, seamlessly blending innovation and beauty. More than just a service, CRE-AR underscores our commitment to revolutionize marketing and establish strong connections with consumers in the digital era," said Cho Ki Yong. About Alijas Established in 2019, Alijas swiftly became a digital beauty trailblazer by harmonizing technology with beauty, aiming to democratize and redefine beauty's essence for today's digital era. Based in South Korea, the company's expertise spans an array of innovative endeavors, including makeup guide video production, digital makeup creation, virtual makeup masks, digital beauty content, research and laboratory experiments in digital cosmetics, alongside other innovative 3D and VR content.
Platform connects like-minded people for low-pressure, virtual connections through customizable avatars SEOUL, South Korea, Dec. 21, 2023 /PRNewswire/ -- The AI and mixed reality startup illuni is announcing the global beta launch of Moii, a virtual, avatar-based social connection platform. Offering low-pressure social interactions in an immersive 3D world, Moii offers a novel, engaging way for younger people to meet others with common interests and make new friends virtually. Download Moii to enjoy a free trial with unlimited access: Google Play Store: https://play.google.com/store/apps/details?id=com.illuni.moii&hl=en_US Apple Store: https://apps.apple.com/us/app/moii-avatar-voice-chat/id6456406927 Moii’s unlimited access allows 1:1 matching with users from around the world for virtual socializing. "The global beta launch of Moii is a dream come true," commented Byung-Hwa Park, CEO of illuni. "In just a short time, we've already seen people from over 30 countries matching and enjoying conversations with like-minded people from around the world. Moii is not just an app; it's a community that facilitates connections between similar people by transcending social inhibitions and geographic borders." Around the world, people are growing increasingly connected online and through mobile devices, while busy schedules mean less time and energy for younger people to meet new friends. Moii is harnessing these trends and virtually connecting people with similar interests from around the world for a fun, low-pressure way to socialize. Moii allows users to express themselves through personalized avatars in a vibrant 3D virtual world, and its interest-based matching system connects users based on shared interests and profile parameters. This format fosters organic and meaningful interactions while reducing social pressure from meeting new people in-person. Going a step further, engaging elements like mini-games and conversation prompts on the platform make interactions more enjoyable while facilitating deeper connections. Virtual avatars in Moii are customizable, and interactions take place in a rich 3D world, accessible from mobile devices. Based on its design, Moii is ideal for: People with certain hobbies or interests in common to connect and have conversations about these topics regularly Younger people who want to connect and tell their stories to others in a low-pressure environment Making new friends in other countries and across cultures, including for language exchange partnerships Since its beta version release in November, Moii has seen users from around the world join and make new friends. To learn more about Moii: https://moii.net About illuni Focused on developing mixed reality services using proprietary AI technology, illuni is a startup whose notable works include Storyself (https://storyself.com) and Moii. For more information: https://www.illuni.com/
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