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Nearly half of Singapore's small businesses believe a cyberattack is possible this year. Small businesses can capitalise on growth opportunities through digital tools, e-commerce, and new payment technologies. Innovation remains an important ingredient to business growth in 2023. SINGAPORE, March 27, 2023 /PRNewswire/ -- Fears of cyberattacks have risen sharply in Singapore as small businesses ramp up their use of technology. That's one of several important findings from a survey by global professional accounting body CPA Australia. The annual Asia-Pacific Small Business Survey found nearly half (45.2 per cent) of all small businesses in Singapore believe a cyberattack on their business is possible this year. This figure compares to 29 per cent in the previous year. In response to the threat, more than 50 per cent of small businesses reviewed their cybersecurity in the past six months. That figure rose from just over a third in 2021. It's also the third highest result of the 11 Asia-Pacific markets surveyed by CPA Australia. CPA Australia Digital Committee Chair and PwC Singapore Digital Business and Risk Services Leader Greg Unsworth said there are significant opportunities for longer-term growth if small businesses focus on technology. "Small businesses must keep up with new technology to succeed in today's digital economy. However, this investment in digital tools comes with increased cybersecurity risk." Cybercrime in Singapore hit an all-time high of 33,669 reported cases in 2022. This represents a 25.2 per cent jump from the previous year, the latest Singapore Police Force data shows. "Small businesses need to be alert to cyberattacks but it shouldn't stop them from embracing digital opportunities. "Investing in relevant digital tools, embracing new payment technologies and expanding their online presence can help them to streamline operations, tap into new markets, improve customer experience and build brand loyalty. These strategies open up ways to grow their business that have previously been unimaginable," Unsworth said. Funding and incentives to boost Singapore's cyber defences may have encouraged small businesses to increase their cybersecurity in 2022. The survey found that small businesses in Singapore used more technology in 2022 compared with the year before. There was a leap in e-commerce activity. Some 68 per cent of small businesses made at least 10 per cent of their sales online last year, up from 42 per cent in 2021. More than 70 per cent of small businesses generated at least 10 per cent of their sales through digital payment technologies, such as PayPal, Apple Pay and GrabPay. This was an increase of more than 13 percentage points from 2021. Singapore's small businesses are increasingly embracing social media. Last year, 13 per cent said they did not use social media, a big improvement from 27 per cent the year before. The survey results show a strong connection between innovation and small business growth. 21 per cent of local businesses said they intend to introduce a new product, process or service in 2023. CPA Australia Singapore Divisional President Cheung Pui Yuen and CEO of Deloitte Singapore said innovation is necessary for small businesses to stay ahead of the curve. "Innovation is crucial for all businesses, and it is especially important for small businesses. By innovating and finding new ways to bridge the gaps and meet customers' needs, small businesses will be more equipped to thrive in today's competitive marketplace," Cheung said. CPA Australia's Asia-Pacific Small Business Survey About CPA Australia CPA Australia is one of the largest professional accounting bodies in the world, with more than 170,000 members in over 100 countries and regions, including more than 8,600 members in Singapore. CPA Australia has been operating in Singapore since 1954 and opened our Singapore office in 1989. Our core services include education, training, technical support and advocacy. CPA Australia provides thought leadership on local, national and international issues affecting the accounting profession and public interest. We engage with governments, regulators and industries to advocate policies that stimulate sustainable economic growth and have positive business and public outcomes. Find out more at cpaaustralia.com.au
LAS VEGAS, March 26, 2023 /PRNewswire/ -- Leading smart home brand U-tec is set to exhibit its comprehensive product lineup, new products and sub-brands at the 2023 ISC West, the largest security industry trade show in the U.S., which will be held from March 28 to 31 in Las Vegas. The company will be at booth #23067 at the Venetian Expo convention center. Originally established as a smart lock brand, ULTRALOQ, U-tec has evolved to become a top security and automation system products provider, empowering every product line with innovation with advantages in differentiation. It is committed to creating new smart home products with through innovative technologies to help build a smarter and more convenient life. To date, U-tec has served more than 1 million customers worldwide. At 2023 ISC West , U-tec will present the latest ULTRALOQ series products and solutions, including the new Bolt Series and the ULTRALOQ Air SaaS-based cloud platform.U-tec will debut a new intelligent lightbulb brand, Bright, and a smart home security camera brand named Ulticam, as well as the Power series products including smart switches and plugs. "We are excited to participate in the 2023 ISC West trade show. U-tec's growth strategy focuses on leveraging the U-tec whole home control cloud platform as the hub to connect smart locks, lighting, security cameras,switches and plugs, to build a new open and shared smart home ecosystem with the core technologies of AIoT and Cloud," said Clark Ruan, Vice President of U-tec. Bright: Smart lighting is a bright idea Bright is the world's first Wi-Fi mesh smart lighting bulb that enables users to control the lights from anywhere in the world and program the lights to turn off automatically when the room is empty. The product is equipped with voice control, radar human detection and multiple controls to build a more secure home. It blends into the home with lights that dim and change color automatically, plus a High Energy Visible (HEV) light to kill bacteria when no one is around. Ulticam: Your camera, your way Aiming to achieve the "smartest way to keep your family safe," U-tec is launching the newest home security camera that will help users to explore around the home regardless of where they are. The Ulticam series will bring a real sense of security to the home with a built-in-AI chip, people/vehicle/object recognition algorithm, that will connect to the mobile U-tec app, to change the way of protecting the home. Its intuitive user interface makes it a breeze to get notifications to know what's happening at home from anywhere – see, hear and speak to visitors in real time. The 24/7 monitoring and control sends email or text alerts. U-tec's products can be interlinked through IoT and cloud technology, bringing an integrated and comprehensive experience with the mobile app. To further integrate its smart solutions, U-tec is launching ULTRALOQ Air, a cloud-access control platform with unified hardware, software and services that solves the industry pain point of multi-site commercial property management. "U-tec has come a long way in the security industry. We have the core technologies of Wi-Fi Mesh, Edge AI and battery life to create advanced products, as well as the end-to-end integration of R&D, production, design, sales and services that enables us to grow and make life smarter and better for people," said Clark Ruan. For more information, please visit https://u-tec.com. About U-tec Located in Silicon Valley, U-tec is setting new standards for smart home security with its best-in-class design and advanced technologies. Every day, U-tec helps keep more than 1 million North American customers and their assets safe.
HONG KONG, March 24, 2023 /PRNewswire/ -- Newborn Town Inc. (9911. HK) announced its 2022 annual results. In 2022, Newborn Town recorded a revenue of RMB 2,800 million, representing a year-on-year ("YoY") increase of 18.6%. Social networking and innovative business revenue reached RMB 2,557 million and RMB 242 million, respectively. Profit for 2022 increased by 174.2% YoY to RMB 287 million, and profit attributable to the owners of company increased by 145.5% YoY to RMB 130 million. According to the announcement, Newborn Town has witnessed steady growth in its social networking business throughout 2022. The average MAUs of its social apps increased 20.0% year-on-year to 22.91 million. As of December 31, 2022, Newborn Town has achieved over 480 million cumulative downloads of social apps. In addition to consolidating its core social business, Newborn Town continued exploring the synergies between gaming and social networking segments. The latest data shows that TopTop, the game-oriented social product, has ranked top 3 highest-grossing social apps in Gulf Cooperation Council (GCC) countries since its launch. Besides, the average daily time spent by active users reached 60 minutes, and its revenue for Q4 2022 increased by over 30% quarter-on-quarter. Newborn Town also strived to enrich its social app portfolio by exploring new opportunities in the LGBTQ market. In early 2022, Newborn Town was involved in the privatization of BlueCity through its investment fund, and BlueCity was delisted from Nasdaq after the deal was finished in August. According to the latest announcement released on March 23, 2023, Newborn Town has signed the Sale and Purchase agreement to acquire the entire issued share capital of Chizicheng Strategy Investment, a wholly-owned subsidiary of Spriver. Upon completion of the acquisition, Newborn Town will consolidate the financials of BlueCity into the Group's financial statements. As known from the public information, BlueCity was a leading social-networking company in the LGBTQ field which launched the global social app Blued. It's also noteworthy that Newborn Town aims to expand its presence in the overseas market through a combination of seasoned experience in globalization and capabilities of localized operations. And this privatization undoubtedly enabled Newborn Town to make a foray into a market with growth potential. The annual result also indicated Newborn Town's progress in the niche games business. In 2022, Newborn Town officially launched the "Mergeland" series, the niche self-developed synthetic mobile games which Google Play App Stores have highly recommended from over 150 countries. It is reported that Newborn Town, following the steady growth of existing products, looks to continuously develop more niche and casual games, including the synthesis and simulation types, in order to cultivate the second growth curve of the company.
Keystone Event in India to Kick Off Inaugural UA Day NEW DELHI, March 24, 2023 /PRNewswire/ -- The inaugural Universal Acceptance (UA) Day will kick off with a keystone event in New Delhi, India on 27–28 March 2023. Guided by the shared goal of enabling a multilingual Internet for people to use in their own languages and scripts, the event will be hosted by India's Ministry of Electronics and Information Technology (MeitY) through the National Internet Exchange of India (NIXI), in collaboration with the Internet Corporation for Assigned Names and Numbers (ICANN) and the Universal Acceptance Steering Group (UASG). UA is essential for a truly multilingual Internet and a key driver to bringing the next billion users online. UA helps to ensure that all valid domain names and email addresses, regardless of length, language, or script, work in all Internet-enabled applications, devices, and systems. This UA Day event recognizes the Indian government's strong commitment to advancing UA, together with ICANN and the UASG. The high-profile program will feature remarks about the importance of UA from representatives of the Government of India and local business leaders, ICANN's Board Chair Tripti Sinha, ICANN Interim President and CEO Sally Costerton, and a special address by the Internet pioneer Vint Cerf. The two-day event, which will be held at New Delhi's Federation of Indian Chambers of Commerce and Industry (FICCI) auditorium and Manekshaw Center, includes panel discussions, case studies, and networking opportunities with a focus on UA. It will be open to in-person and virtual attendees. "In a region where the majority of our population does not use English, breaking down languages barriers and making the benefits of the Internet accessible to people in their own languages and scripts is a top priority for ICANN," said Jia-Rong Low, ICANN Vice President for Stakeholder Engagement and Managing Director – Asia Pacific. "We are grateful to the Government of India and the UASG for partnering with us to launch the first UA Day." "We are proud to host the inaugural UA Day event in New Delhi," said Anil Kumar Jain, NIXI CEO. "The vast majority of Indians do not communicate in English but in local languages online. Bringing them online is not only a matter of equity, it is also a tremendous business opportunity." "Creating a truly multilingual Internet takes all of us and will benefit all users," said UASG Chair Ajay Data. "By launching the first UA Day we call on everyone to join our effort to make the Internet accessible for people in their own languages and scripts." For more information about UA Day and additional UA Day events, visit the UA Day webpage and read this press release. To register for the event in India, visit the dedicated event website at https://globaluaday.in. What is UA?UA is a technical requirement that ensures all valid domain names and email addresses can be used by all Internet-enabled applications, devices, and systems. While the DNS has changed in recent years, the checks used by many software applications to validate domain names and email addresses remain outdated. Many systems do not recognize or appropriately process new domain names. These domain names include new generic top-level domains (e.g., .photography), Internationalized Domain Names (e.g., एमईआईटीवाई.सरकार.भारत/, 红螺寺.网址, صحة.مصر, стопкоронавирус.рф), and country code top-level domains (e.g., .ไทย). In addition, not all online portals are primed for the opening of a user account with a related email address, which is why awareness of and support for UA is critical for a truly global, multilingual Internet. About ICANNXICANN's mission is to help ensure a stable, secure, and unified global Internet. To reach another person on the Internet, you need to type an address – a name or a number – into your computer or other device. That address must be unique so computers know where to find each other. ICANN helps coordinate and support these unique identifiers across the world. ICANN was formed in 1998 as a nonprofit public benefit corporation with a community of participants from all over the world. About NIXINIXI is a not for profit organization under section 8 of the Companies Act 2013, and was registered on 19th June, 2003. NIXI was set up for peering of ISPs among themselves for the purpose of routing the domestic traffic within the country, instead of taking it all the way to US/Abroad, thereby resulting in better quality of service (reduced latency) and reduced bandwidth charges for ISPs by saving on International Bandwidth. NIXI is managed and operated on a Neutral basis, in line with the best practices for such initiatives globally. .IN is India's Country Code Top Level domain (ccTLD). The Govt. of India delegated the operations of INRegistry to NIXI in 2004. The INRegistry operates and manages India's .IN ccTLD. About the UASGThe UASG is a community-led initiative that was formed in 2015 and funded by ICANN. It consists of representatives from more than 120 companies, governments, and community groups. The UASG works to raise awareness of the importance of UA globally, provide free resources to organizations to help them become UA-ready and measure the progress of UA adoption. To learn more, visit https://uasg.tech/. Universal Acceptance Day: 28 March 2023
Independent research firm recognized Newgen with the highest possible scores in 12 criteria NEW DELHI, March 24, 2023 /PRNewswire/ -- Newgen Software, a global provider of digital transformation platform, NewgenONE, announced that it has been recognized as a 'Leader' in The Forrester Wave™: Content Platforms, Q1 2023, authored by Cheryl McKinnon et al. The Forrester Wave™ evaluated NewgenONE Contextual Content Services Platform among 13 most significant content platform providers based on 26 criteria to help technology management professionals select the right platform for their needs. According to the Forrester report, "Organizations looking for an advanced content platform capable of scaling for heavy workloads and that need deployment flexibility and advanced automation and AI capabilities should consider Newgen." The report also states, "Newgen has strong capabilities for process automation and document generation and some of the most comprehensive embedded intelligent content services…" "We believe this recognition is a validation of our efforts in providing the best-in-class Enterprise Content Management Platform to our customers. Our platform goes beyond conventional content management, helping organizations unlock new possibilities. Enterprises can optimize business operations, increase productivity, and promote collaboration by utilizing NewgenONE," said Mr. Virender Jeet, CEO of Newgen Software. In the evaluation, Newgen scored 4.11 out of 5 in the current offering category and received the highest possible scores in the criteria of content migration, packaged applications, lifecycle management, app design/development tools, intelligent content services, transactional content services, and execution roadmap. Click here to download The Forrester Wave™: Content Platforms, Q1 2023 report About Newgen Software Technologies Limited Newgen is the leading provider of a unified digital transformation platform with native process automation, content services, communication management, and AI/ML capabilities. Globally, successful enterprises rely on Newgen's industry-recognized low code application platform to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. From onboarding to service requests, lending to underwriting, and for many more use cases across industries, Newgen unlocks simple with speed and agility. For more details, visit www.newgensoft.com
XI'AN, China, March 24, 2023 /PRNewswire/ -- In 2022, the number of new technology-based enterprises in Xixian New Area was 1.8 times that of last year, of which the number of new enterprises developed based on sci-tech achievements was 2.5 times that of 2021. The new area identified 490 high-tech enterprises, 2.2 times that of the previous year, according to Xixian New Area Administrative Committee. Meanwhile, 18 Fortune 500 companies and 24 top-performing Chinese firms settled in the new area, which saw its industrial investment, gross industrial output of large enterprises and the output of high-tech industries grew by 81.6 percent, 20.4 percent and 23.1 percent respectively. Behind these impressive development figures are the efforts made by Xixian New Area to incubate, attract and retain enterprises. In order to give full play to the industrial cluster effect, Xixian New Area has set up an industrial belt and ten industrial parks, established 12 key industrial chains such as photovoltaic, hydrogen energy and computer numerical control machine tools, and initially formed modern industrial clusters involving solar energy, hydrogen energy, artificial intelligence and construction machinery. In January this year, Chinese solar energy giant LONGi Green Energy Technology Co., Ltd. settled a project with an annual output of 100GW monocrystalline silicon wafers and 50GW monocrystalline batteries in Qinchuangyuan. The 45.2-billion-yuan industrial project is another move following LONGi's investment of 32.8 billion yuan in Xixian New Area, where the photovoltaic industry base with the largest production capacity in the world will be built. To provide strong human resources support for enterprise development, Xixian New Area established a talent market and started the construction of Xi'an International Talent Port in an all-round way. At present, 253 high-level professionals have been introduced and 22,147 innovative and entrepreneurial professionals are based in the incubator. In addition, Xixian New Area has also made bold explorations in financial empowerment for technological innovation. In February this year, Qinchuangyuan Capital Market opened, creating a one-stop full-cycle financial service platform featuring both online and offline access for enterprises. The new area is building on the strong development momentum to leverage Qinchuangyuan's roles to promote Shaanxi's high-quality growth. On March 14, the local government unveiled a three-year action plan to beef up Qinchuanyuan's innovation-empowerment functions, aiming to turn the incubator into a major platform for the province's deep integration of innovation and industrial chains, a breeding hub for sci-tech firms and a top destination for talent inflow. In an enterprise located in Xixian New Area, west China's Shaanxi Province, several automatic laser resistance trimmers are producing thin film platinum resistance cores at full speed. These tiny parts, seemingly inconspicuous, have addressed one major technical bottleneck facing the Chinese sensor sector, and reduced the original category's production cost by 20 percent. This is China's first automatic production line covering temperature sensitive chips of normal temperature, ultra-low temperature and ultra-high temperature thin films. It belongs to start-up Xi'an Sensecraft Technology Co., Ltd., and is a landmark achievement of Shaanxi in promoting the deep integration of innovation chain and industrial chain. In March 2022, Sensecraft settled in Qinchuangyuan, which is mainly located in Xixian New Area. Committed to creating an innovative highland in west China, Qinchuangyuan is the general platform facilitating innovation-driven development in the western province. With the help of the incubator, the enterprise started office and production site decoration and moved in equipment in July, and in November, the first automatic production line kicked off production, with the first batch of thin film platinum resistance sensors delivered one month later, making an impressive smooth and fast realization of turning technological resources into concrete products. "Since our settlement here, the Qinchuangyuan incubator has provided us with a string of preferential policy support such as free rent for plants and free training in financial management, project declaration, construction and application of intellectual property rights. These supportive policies have put us on a fast track of development," said Luo Yan, general manager with Sensecraft and associate professor with the School of Mechanical Engineering of Northwestern Polytechnical University. The galloping development of Sensecraft is a microcosm of the accelerated gathering of sci-tech innovation resources, the multiplication of sci-tech projects and enterprises, and the breakthrough in cooperation between cities in Xixian New Area in recent years. Looking forward, Xixian New Area will establish a channel facilitating the flow of sci-tech resources within and outside the province, and lay out investment promotion and innovation service centers in areas rich in innovation resources such as Beijing-Tianjin-Hebei area, the Yangtze River Delta and the Pearl River Delta, so as to attract new R&D institutions, innovative incubators and sci-tech service institutions in advanced areas to settle in Xixian, according to Yang Renhua, top official in the new area. "We will also build an international innovation network and an information service platform for international cooperation, attract the developers of world-class foreign science parks to build international science parks in Xixian New Area, and help enterprises go global and introduce new investment," Yang added.
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