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Revolutionary Model Aligns Insurance Premium with Real-Time Sales Data and AI, Supporting Hong Kong's Online Sellers and Merchants HONG KONG, Dec. 2, 2024 /PRNewswire/ -- YAS and QBE Hong Kong today announced the launch of the region's first "Pay-As-You-Sell" product liability insurance. Underwritten by QBE and distributed exclusively through YAS, this innovative insurance solution leverages technology from Assureful, an insurtech firm, to deliver an insurance product designed specifically for merchants selling on major online marketplaces like Amazon, eBay, and Shopify. This new solution offers flexible and reliable insurance policy coverage to Hong Kong enterprises seeking risk management support for their individual e-commerce business models in the US market. The policy covers liabilities such as bodily injury and property damage, personal injury, as well as medical payments. Creating a New Standard in On-Demand Insurance Hong Kong is well-positioned to capture the opportunity as global e-commerce sales are projected to grow from $5.13 trillion in 2022 to $8.09 trillion by 2028. According to the World Trade Organization (WTO), Hong Kong was ranked as the world's 10th largest exporter of merchandise trade in 2023. Additionally, the Hong Kong Trade Development Council has revised the city's trade growth forecast for 2024 upward from a robust 9% to 11%. These positive indicators highlight the tremendous potential for e-commerce sellers and merchants in Hong Kong. Traditionally, projected sales figures are used to determine yearly premiums. However, with this launch, Hong Kong e-commerce sellers will receive fair and dynamic monthly premium pricing tied directly to their online sales activity. This is made possible as the 'on-demand' insurance model integrates seamlessly with all major e-commerce platforms including Amazon, Shopify, and eBay; and utilises live sales projections and data, as well as incorporates product liability insurance coverage tailored to the US market requirements. The result is a streamlined and cost-effective approach, leveraging artificial intelligence (AI) that analyses risk profiles and needs, thus ensuring that merchants are not excessively or under insured, thereby providing them with the appropriate coverage. Hong Kong's online merchants can access the YAS website (https://campaign.yas.io/payasyousell) for a "Pay-As-You-Sell" Product Liability Insurance real-time quotation. Pioneering the Next Evolution of Insurance William Lee, Co-Founder of YAS, opined, "We are delighted to announce this strategic partnership with QBE Hong Kong and Assureful. This partnership offers Hong Kong merchants a solution that scales with their business and helps them launch out into the global market. We are using real time data for AI risk profiling to do 21st century insurance, yet another step towards crowning Hong Kong as the international insurance centre." Lei Yu, CEO of QBE North Asia and Regional Head of Distribution, said, "We are proud to pioneer the 'Pay-as-you-sell' concept for product liability insurance for local merchants, through this tie-up with YAS and Assureful. Given the vast market opportunity in e-commerce, Hong Kong-based merchants need a global insurance provider with the track record and requisite expertise like QBE, who can give them the confidence and peace of mind in executing more cross-border trading." Rohit Nair, Founder and CEO of Assureful, added, "We're thrilled to bring our e-commerce data-driven capability to Hong Kong and join forces with QBE and YAS. Launching ahead of the seasonal surge, this solution is perfect for Hong Kong merchants ready to scale in the competitive U.S. market." For additional information, visit https://campaign.yas.io/payasyousell About YAS YAS is offering real time and AI data-driven on-demand embedded solutions. Licensed under Hong Kong's Insurance Companies Ordinance, YAS empowers individuals and businesses with scalable protection options. YAS Digital Limited (IA License No. FA2648) is registered in accordance with the Insurance Companies Ordinance (Cap. 41 of the Laws of Hong Kong) as an insurance agent for distribution of insurance products in Hong Kong. www.yas.io About QBE Hong Kong QBE Hong Kong is part of QBE Insurance Group and has been serving Hong Kong for more than a century. Today, QBE Hong Kong operations include QBE Hongkong & Shanghai Insurance Limited and QBE Mortgage Insurance (Asia) Limited. As a leading general insurer, QBE Hong Kong provides a comprehensive range of non-life insurance solutions for both business and personal customers. QBE Hong Kong operates through an extensive network of professional insurance agents and brokers. To learn more about QBE Hong Kong, please visit www.qbe.com/hk About Assureful Assureful, a leading innovator in eCommerce insurance, delivers bespoke coverage solutions designed to facilitate safe growth for online businesses. Operating from offices in the US and the UK, Assureful is renowned for its precision in identifying consumer product risks. Leveraging advanced Generative AI technology, the company achieves unparalleled accuracy in risk assessment, enabling superior underwriting outcomes and empowering businesses to scale with confidence. www.assureful.com
Sales Ban Enforced on NUC(Kuvings)'s Primary Juicer Models on Amazon SEOUL, South Korea, Dec. 2, 2024 /PRNewswire/ -- Hurom, a global leader in juicing technology as the pioneer of low-speed extraction methods, announced successful enforcement of its patent against NUC(Kuvings) on Amazon's U.S. platform. This action resulted in a sales ban on NUC(Kuvings)'s primary juicer models. Since its founding in 1974, Hurom has dedicated over 50 years to provide customers with the latest innovations in juicing technology, including developing the world's first vertical screw juicer in 2005 and establishing the industry standard for vertical juicers. The company remains focused on promoting health through the introduction of new technology to foster the growth of the wellness culture. Recently, Hurom has encountered increased instances of unauthorized use of its patent technology in global markets, such as China, the U.S., and Europe. To protect its core technology, Hurom announced a comprehensive global patent enforcement strategy earlier this year. This recent case was resolved through Amazon's APEX (Amazon Patent Evaluation Express) process (APEX ID: 15060613361), resulting in a sales ban on the infringing products. As of July 11, 2024, Amazon's U.S. platform implemented a sales ban on five of NUC(Kuvings)'s main models, including the REVO830W, EVO820GM, C7000S, C7000W, and C7000P, distributed by over nine vendors, such as Kuvings USA and GlobalEcom. Amazon's APEX process starts with a report of suspected infringement, followed by a review from a neutral third-party evaluator. If a product is determined to infringe on a patent, it is subsequently removed from Amazon's listings. Following this action, Hurom's intellectual property team has initiated further legal proceedings through the European Unified Patent Court (UPC) against infringing manufacturers and distributors. Additionally, the Korea Trade Commission (KTC) has launched an investigation into NUC(Kuvings) for alleged unfair trade practices related to patent infringement. To support a healthier and fair global ecosystem, Hurom is committed to ongoing and proactive patent enforcement efforts. Jaewon Kim, CEO of Hurom, stated, "We can no longer overlook the unauthorized use of Hurom's patented technology. Through decisive action, we will protect the healthy and fair ecosystem that both Hurom and our customers value. However, in line with Hurom's patent licensing policy, we are open to allowing genuine users access to our patented technology to support a shared commitment to wellness."
SYDNEY, Dec. 1, 2024 /PRNewswire/ -- Booking.com's annual Travel Predictions research* reveals how Australian travellers are 'rewriting the playbook' in 2025 by defying the rules of conventional getaways and as a result, forging new connections with themselves, their loved ones, those they meet along the way, as well as the destinations they visit. Some of the trends for the year ahead include: Noctourism – Travellers will be focused on building connections with the universe as they ditch the daylight crowds for midnight magic. In 2025, nearly two-thirds (57%) of Australian travellers are considering visiting dark sky destinations with star bathing experiences (65%), star guides (53%), once-in-a-lifetime cosmic events (59%), and constellation tracking (49%) top of the stellar adventure list. AI = Alternative Itineraries – In 2025, we'll see innovations being leveraged to help tourists meet the needs of the destinations they hope to experience. Almost two-thirds (61%) of Aussie travellers will use technology to make informed decisions and find authentic experiences. AI-powered tools, like Booking.com's AI Trip Planner, are set to play a pivotal role in shaping these journeys, with 29% of Aussie travellers interested in using AI to curate trips. Boyz II Zen – Male travellers are abandoning popular expectations and 'bro culture' cliches to switch off from the stresses of everyday life (24%), rest and rejuvenate (24%), in pursuit of mental health benefits (20%) and personal growth (25%). Building connections, both old and new, will be crucial with 11% considering a men-only trip to tackle feelings of loneliness, more than a quarter (29%) looking to make new friendships and 13% looking to improve their relationship-building skills with friends and family. For more information about Booking.com's 2025 Travel Predictions, please visit https://www.booking.com/articles/travelpredictions2025.html To download the Travel Predictions 2025 report visit HERE. About Booking.com: Part of Booking Holdings Inc. (NASDAQ: BKNG), Booking.com's mission is to make it easier for everyone to experience the world. By investing in the technology that helps take the friction out of travel, Booking.com's marketplace seamlessly connects millions of travelers with memorable experiences every day. For more information, follow @bookingcom on social media or visit globalnews.booking.com.
MELBOURNE, Australia, Nov. 28, 2024 /PRNewswire/ -- Global fashion giant SHEIN will bring the ultimate Giftorium experience to life, right in time for the festive season. The SHEIN Giftorium will arrive at Oz Comic-Con Melbourne Xmas Edition for an unmissable experience December 7-8th. On offer will be a vibrant collection of beauty, fashion, home & living products - free and redeemable through participation in various games available at the activation - alongside experiences that will showcase SHEIN's one-stop-shop range of on-trend and affordable products perfect for Holiday gifting. Oz Comic-Con is Australia's premier pop culture event gathering fans of comics, movies, TV, anime, gaming, and more. A celebration of all things geek culture featuring exciting panels, cosplay competitions, and exclusive meet-and-greets with stars from the world of film, TV, and gaming. Oz Comic-Con Melbourne Xmas attendees can immerse themselves in a range of SHEIN gifting essentials; Jewellery & Accessories, Home & Living, Office & School Supplies, Toys & Games, and Beauty & Health throughout the SHEIN Giftorium. As well as SHEGLAM being a hero moment. "Our SHEIN Giftorium experience at Oz Comic-Con will provide attendees the unique experience of selecting their favourite items and festive gifts, whether for themselves or loved ones, through engaging and interactive experiences," said a SHEIN Spokesperson. "Our aim is to connect face-to-face with consumers, with no sales functions taking place at the event itself, the goal is to engage directly with attendees and showcase our range of ultimate Christmas gifting. "But the experience doesn't end there - on display will be a select range of key items as a part of the Giftoirum event, however, online is where all our Australian customers can look to dive into the full range available across SHEIN for festive gifting. "Our customers will find everything under the sun related to fashion and lifestyle, all at cost-effective prices. With an easy shopping process including free returns, customers can shop efficiently from anywhere," said a SHEIN spokesperson. With unstoppable style and unbeatable fits, the SHEIN Giftorum experience continues online with a wide product range spanning fashion & beauty, home & lifestyle, accessories, kids, toys & games, electronics & tech accessories, office & school supplies - and so much more. The extensive range ensures that Aussies can find something special for everyone on the list, making holiday shopping a breeze. Embrace the convenience and variety SHEIN offers and make this Christmas memorable with gifts that delight and inspire. SHEIN Giftorium at Oz Comic-Con Melbourne Xmas Edition December 7-8, Melbourne Convention & Exhibition Centre: ozcomiccon.com/melbourne-xmas-edition/* Shop SHEIN for Holiday gift guide ideas: https://au.shein.com/
HONG KONG, Nov. 28, 2024 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (Nasdaq: ICLK), a renowned online marketing and enterprise solutions provider in Asia that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced unaudited financial results for the six months ended June 30, 2024. Six Months Ended June 30, 2024 2023 Percentagechange (US$ in thousands) (Unaudited) Financial Metrics: Revenue from continuing operations Marketing Solutions 9,324 12,663 (26) % Enterprise Solutions 4,896 4,330 13 % Total revenue from continuing operations 14,220 16,993 (16) % Gross profit from continuing operations 8,096 9,276 (13) % Net loss from continuing operations (1,269) (10,275) N/M Net loss from discontinued operations (5,104) (18,294) N/M Diluted net loss from continuing operations per American Depositary Shares ("ADS") (0.12) (1.01) N/M Operating Metrics: Gross billing 23,060 29,983 (23) % "I am pleased to report that our continuing operations recorded an improvement in gross margin to 56.9% in the first half of 2024 from 54.6% in the first half of 2023, and we saw the increase in enterprise solutions revenue by 13% year-over-year. The Company will continue to focus on improving the financial performance and cash flows, while exploring strategic opportunities for broader business growth.", said Mr. Jian Tang, Chairman, Chief Executive Officer and Co-Founder of iClick. "We continue monitoring and evaluating operations and market trends proactively in order to optimize our business and enhance profitability. We have recently completed the disposal of our mainland China Enterprise Solutions business and demand side Marketing Solutions business. The results of these businesses are presented under discontinued operations." First Half Year of 2024 Results on Continuing Operations: Revenue for the first half of 2024 was US$14.2 million, compared with US$17.0 million for the first half of 2023. Revenue from Marketing Solutions declined to US$9.3 million for the first half of 2024, compared with US$12.7 million for the first half of 2023. It was resulted from our strategic contraction of lower margin and higher risk businesses, with weaker demand from clients on advertising spending due to uncertainty in the macro-economic environment. Revenue from Enterprise Solutions was US$4.9 million for the first half of 2024, improved from US$4.3 million in the first half of 2023 due to the increasing demand for digital transformation and services. Gross profit for the first half of 2024 was US$8.1 million, compared with US$9.3 million for the first half of 2023. With the effort of reducing lower margin and higher risk businesses, and a rising revenue contribution from the higher-margin Enterprise Solutions business, gross profit margin increased to 56.9% for the first half of 2024 from 54.6% for the first half of 2023. Total operating expenses were US$12.4 million for the first half of 2024, decreased from US$14.1 million for the first half of 2023. The change was primarily due to our cost optimization execution, which resulted in reduction of staff cost and savings on promotional expenses. The expected credit losses provision of trade receivables was also reduced because of our close monitoring of cash collection. Net loss from continuing operations was US$1.3 million for the first half of 2024, significantly improved from the net loss of US$10.3 million for the first half of 2023, mainly due to no impairment of equity investments in the first half of 2024, which we recorded US$5.6 million in the first half of 2023. Operating loss was reduced by US$0.6 million. Net loss from continuing operations attributable to the Company's shareholders per basic and diluted ADS for the first half of 2024 was US$0.12, compared with a net loss attributable to the Company's shareholders per basic and diluted ADS of US$1.01 for the first half of 2023. Gross billing1 from continuing operations was US$23.1 million for the first half of 2024, compared with US$30.0 million for the first half of 2023, mainly as a result of our continued strategy of reducing lower margin and higher risk businesses, as well as clients' reduced advertising spending. Net loss from discontinued operations was US$5.1 million for the first half of 2024, compared with the net loss of US$18.3 million for the first half of 2023, mainly due to cost optimization, and gain on disposal of discontinued operations amounting to US$2.6 million in the first half of 2024. As of June 30, 2024, the continuing operations of the Company had cash and cash equivalents, time deposits and restricted cash of US$70.2 million, compared with US$41.3 million as of December 31, 2023. About iClick Interactive Asia Group Limited Founded in 2009, iClick Interactive Asia Group Limited (NASDAQ: ICLK) is a renowned online marketing and enterprise solutions provider in Asia. With its leading proprietary technologies, iClick's full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. For more information, please visit https://ir.i-click.com. 1 Gross billing is defined as the aggregate dollar amount that clients pay the Company after deducting rebates paid and discounts given to. Safe Harbor Statement This announcement contains forward-looking statements, including those related to the Company's business strategies, operations and financial performance. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve inherent risks and uncertainties. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. For investor and media inquiries, please contact: In China: In the United States: iClick Interactive Asia Group Limited Core IR Catherine Chau Tom Caden Phone: +852 3700 9100 Tel: +1-516-222-2560 E-mail: ir@i-click.com E-mail: tomc@coreir.com (financial tables follow) ICLICK INTERACTIVE ASIA GROUP LIMITED Unaudited Condensed Consolidated Statements of Comprehensive Loss (US$'000, except share data and per share data, or otherwise noted, unaudited) Six Months Ended June 30, 2024 2023 Continuing operations Revenue 14,220 16,993 Cost of revenue (6,124) (7,717) Gross profit 8,096 9,276 Operating expenses Research and development expenses (311) (265) Sales and marketing expenses (4,381) (8,826) General and administrative expenses (7,704) (5,052) Total operating expenses (12,396) (14,143) Interest expense (32) (117) Interest income 598 591 Other gains/(losses), net 2,560 (5,756) Loss before income tax expense and share of losses from an equity investee (1,174) (10,149) Share of losses from an equity investee (37) (19) Loss before income tax expense (1,211) (10,168) Income tax expense (58) (107) Net loss from continuing operations (1,269) (10,275) Net loss attributable to non-controlling interests 111 9 Net loss from continuing operations attributable to iClick Interactive Asia GroupLimited's ordinary shareholders (1,158) (10,266) Discontinued operations Loss from operations of discontinued operations (7,666) (18,305) Income tax (expense)/credit (23) 11 Gain on disposal of discontinued operations 2,585 - Net loss from discontinued operations (5,104) (18,294) Net loss attributable to non-controlling interests 32 49 Net loss from discontinued operations attributable to iClick Interactive Asia Group Limited's ordinary shareholders (5,072) (18,245) Net loss (6,373) (28,569) Net loss attributable to iClick Interactive Asia Group Limited's ordinaryshareholders (6,230) (28,511) Net loss from continuing operations (1,269) (10,275) Other comprehensive loss: Foreign currency translation adjustment, net of US$nil tax (13) (131) Comprehensive loss from continuing operations (1,282) (10,406) Comprehensive loss from continuing operations attributable to non-controllinginterests 111 49 Comprehensive loss from continuing operations attributable to iClick Interactive Asia Group Limited's ordinary shareholders (1,171) (10,357) Net loss from discontinued operations (5,104) (18,294) Other comprehensive income: Foreign currency translation adjustment, net of US$nil tax - 301 Comprehensive loss from discontinued operations (5,104) (17,993) Comprehensive loss from discontinued operations attributable to non-controlling interests 32 20 Comprehensive loss from discontinued operations attributable to iClickInteractive Asia Group Limited's ordinary shareholders (5,072) (17,973) Comprehensive loss attributable to iClick Interactive Asia Group Limited'sordinary shareholders (6,243) (28,330) Net loss from continuing operations per ADS attributable to iClick Interactive Asia Group Limited's ordinary shareholders — Basic (0.12) (1.01) — Diluted (0.12) (1.01) Net loss from discontinued operations per ADS attributable to iClick InteractiveAsia Group Limited's ordinary shareholders — Basic (0.51) (1.79) — Diluted (0.51) (1.79) Net loss per ADS attributable to iClick Interactive Asia Group Limited's ordinary shareholders — Basic (0.63) (2.80) — Diluted (0.63) (2.80) Weighted average number of ADS used in per share calculation: — Basic 9,955,943 10,178,966 — Diluted 9,955,943 10,178,966 ICLICK INTERACTIVE ASIA GROUP LIMITED Unaudited Condensed Consolidated Balance Sheets (US$'000, except share data and per share data, or otherwise noted, unaudited) As ofJune 30, 2024 As ofDecember 31,2023 Assets Current assets Cash and cash equivalents, time deposits and restricted cash 70,239 41,264 Accounts receivable, net of allowance for credit losses of US$1,558 and US$1,571 as of June 30, 2024 and December 31, 2023 respectively 11,210 13,535 Other current assets 15,813 11,516 Discontinued operations 54,454 93,488 Total current assets 151,716 159,803 Non-current assets Other assets 3,727 3,596 Discontinued operations 112 305 Total non-current assets 3,839 3,901 Total assets 155,555 163,704 Liabilities and equity Current liabilities Accounts payable 3,310 4,462 Bank borrowings 36,932 1,965 Other current liabilities 23,830 20,200 Discontinued operations 56,607 93,445 Total current liabilities 120,679 120,072 Non-current liabilities Other liabilities 221 551 Discontinued operations 1,463 1,829 Total non-current liabilities 1,684 2,380 Total liabilities 122,363 122,452 Equity Ordinary shares – Class A (US$0.001 par value; 80,000,000 shares authorized as of June 30, 2024 and December 31, 2023, respectively; 38,752,446 shares and 44,477,356 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively) 39 45 Ordinary shares – Class B (US$0.001 par value; 20,000,000 shares authorized as of June 30, 2024 and December 31, 2023, respectively; 5,034,427 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively) 5 5 Treasury shares (218,396 shares and 6,398,616 shares as of June 30, 2024 and December 31, 2023, respectively) (39) (28,656) Other reserves 31,853 65,731 Total iClick Interactive Asia Group Limited shareholders' equity 31,858 37,125 Non-controlling interests 1,334 4,127 Total equity 33,192 41,252 Total liabilities and equity 155,555 163,704
SEOUL, South Korea, Nov. 27, 2024 /PRNewswire/ -- ASNO is a vegan beauty brand which has a concept of protecting animals in Arctic and Antarctica, which are endangered due to environmental pollution. Its products formulated with non-irritating, natural, vegan and active ingredients. They are free of harmful ingredients such as allergenic and comedogenic ingredients. Furthermore, ASNO supports 100% vegan beauty (cruelty-free) and use sustainable materials for packaging. For now, they have hypoallergenic vegan sheet mask called 'Rescue Squad' and daily skincare products for sensitive skin 'Everlasting Youth Preserve Cream' 'Multi-Vitamin Gentle Purifying Cleanser' 'Vital Greens 80 Calming Toner' 'A.C.E Cleansing Oil'. Photo: https://img.hankyung.com/pdsdata/pr.hankyung.com/uploads/2024/11/products.jpg ASNO is actively expanding its overseas exports, driven by the growing global interest in K-beauty. Starting with the Beauty World Japan in Osaka in 2023, ASNO participated in KCON JAPAN in 2024, securing over $200,000 worth of export contracts in Japan sole. In mid-September, the brand also took part in the "2024 Seoul K-Beauty Pop-up Store" held in Dubai, not only promoting the brand but also showcasing its products. Additionally, from October 29, ASNO participated in the "2024 Korea Business Expo Vienna" held in Vienna, Austria, and successfully completed the event. Following these international ventures, the company has been actively exporting to the Czech Republic and Slovakia through KOTRA's Prague trade office, marking its continued global presence. Photo: https://img.hankyung.com/pdsdata/pr.hankyung.com/uploads/2024/11/Seoung-Min-Song-CEO-of-ASNO.jpg Seoung Min Song, CEO of ASNO, stated, "By participating in the Dubai pop-up store and the Korea Business Expo Vienna, we received various offers to enter both online and offline distribution channels. It was a great opportunity to expand into new markets and further promotion of the brand. In addition, we recently launched our product in Amazon. I am very excited to present our brand to potential customers in America." He continued, "We will make every effort to ensure that ASNO becomes a beloved K-beauty brand not only in Asia but also in Europe and the Americas."
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