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HONG KONG, Jan. 8, 2025 /PRNewswire/ -- On January 7, Hong Kong-listed Yeahka (9923.HK) announced a proposal to issue and place 19.15 million shares to raise capital from external investors for expanding the Group's overseas operations and artificial intelligence (AI) business. The offering has been completed, with participation from several internationally renowned long-term and multi-strategy funds. The subscription was significantly oversubscribed, with demand exceeding several times the offering amount. According to the announcement, approximately 40% of the net proceeds from the subscription will be used to expand the Group's overseas footprint in various business sectors across Asia. Another 40% will be allocated to investment in research and development, particularly focusing on integrating AI into proprietary software to enhance the competitiveness of the Group's digital business ecosystem. The remaining 20% will be used for working capital and general corporate purposes. Yeahka is a technology platform based on payment services, listed on the Hong Kong Stock Exchange in June 2020. Its main business segments include one-stop payment services, merchant solutions, and In-store e-commerce services. Overseas expansion has been a key focus for Yeahka in recent years. In 2024, the company's overseas business maintained rapid growth in the first three quarters, with third-quarter overseas Gross Payment Volume (GPV) increasing by nearly 50% year-on-year. Yeahka continues to expand its customer base, attracting internationally recognized brands such as Bvlgari, Chow Tai Fook, Rolex, MCM, and Bee Cheng Hiang, among others. In a recent disclosure, Yeahka revealed that its payment brand became a member of UnionPay International in October 2024 and has begun technical integration. Previously, Yeahka had already connected to Visa and Mastercard payment channels. In terms of clients, compared with the domestic market, Yeahka has broken industry boundaries to acquire clients in new sectors such as automotive and watches, as well as additional high-profile international brands. Furthermore, through its subsidiary Fushi Technology, Yeahka has broadened its service offerings, jointly promoting digital merchant solutions. As of now, its client portfolio includes over 200 global and regional brands, such as Starbucks, MUJI, Pizza Hut, New Balance, Levi's, KOI, Mr. Coconut, and more, spanning Southeast Asian markets like Singapore, Indonesia, Vietnam, and Malaysia, with over 20,000 retail locations. Notably, Fushi Technology has revealed plans to launch an AI Agent application tailored for the restaurant industry in Southeast Asia, aimed at helping businesses enhance efficiency and refine operations. The application is planned to land its first Singaporean brand client in the first half of 2025. Moving forward, Fushi will collaborate with Ascentis, a leading Singaporean CRM company it has acquired, to develop and deploy AI-driven marketing agents. This innovation will enable businesses to autonomously plan and execute marketing campaigns and manage customer relationships using natural language processing.
Empowering businesses with strategic support for a smooth and successful entry into Japan's dynamic market TOKYO, Jan. 7, 2025 /PRNewswire/ -- Colorful Inc., a trusted partner in global IT and business solutions, is venturing into new territory and is excited to announce the launch of its Japan Market Entry Services. This comprehensive service offering is designed to help businesses from the APAC region navigate the complexities of establishing a presence in Japan, providing tailored strategic guidance and operational support to help businesses navigate Japan's unique market dynamics and successfully tap into its growth opportunities. Tailored Support for APAC Businesses Entering the Japanese market requires precision, strategy, and deep local expertise. At Colorful Inc., we are dedicated to helping businesses achieve early profitability and sustainable growth. Through comprehensive market analysis, strategic business model design, and continuous growth planning, we pave the way for your success. With our expert guidance, the challenges of market entry and expansion transform into opportunities for lasting financial achievement. Our Japan Market Entry Services include the following: Marketing: Strategic Market Entry & Customer AcquisitionWe help businesses turn market entry into a strategic advantage. From developing tailored market strategies to generating leads through multi-channel approaches, our marketing expertise ensures you enter the Japanese market with confidence and precision. Sales: Strategic Revenue Acceleration in JapanOn top of local market penetration, our sales solutions help you build robust sales channels, foster valuable partnerships, and optimize your sales processes to accelerate revenue generation and business growth. Advisory & Consulting: Strategic Growth & Risk MitigationWe provide expert advice across key areas, including company incorporation, pricing strategies, financial planning, and compliance. Our consulting services are designed to ensure your business remains resilient and prepared for sustainable growth in Japan. Business Support: Seamless Operations & AdministrationFrom company incorporation support to recruitment and staffing solutions, we handle the operational and administrative complexities of launching and running your business in Japan, allowing you to focus on your core business and strategic goals. A Unique Advantage: Leveraging IT Expertise and Global Reach Colorful Inc. stands apart from other service providers by combining the advantages of being part of an IT group with deep local knowledge of the Japanese market. While traditional market entry services are often offered by accounting firms or consultants, Colorful Inc. integrates IT solutions and digital-driven insights with business operations expertise, giving clients an edge in Japan's competitive and technologically advanced landscape. As part of a global IT group, Colorful Inc. is able to connect businesses to a powerful network of over 1,000 partners across various industries in Japan and worldwide. This unique network offers businesses unmatched access to resources, industry-specific knowledge, and local market connections that are critical to overcoming challenges in the market entry process. Our comprehensive, tech-enabled approach ensures that businesses don't just enter Japan but thrive in the market long-term. "Colorful Inc.'s ability to offer market entry services backed by a global IT network allows us to deliver solutions with a level of flexibility, insight, and scalability that sets us apart from traditional service providers," said Akino Iijima, CEO of Colorful Inc. "We empower businesses in the APAC region to enter Japan with confidence, offering tailored solutions that meet their unique needs." For more information, visit our service site at https://colorful-inc.jp/en/japan-market-entry/ or contact us here. Strength in Every Color, Power in Unity At Colorful Inc., we believe that innovation thrives when diverse perspectives come together. As part of a global IT enterprise group, we blend expertise and endless possibilities to help businesses succeed in dynamic markets like Japan. Through our comprehensive services, we aim to create a space where every individual's "color" shines. Website: https://colorful-inc.jp/en/japan-market-entry/ Visit Us on Social Media: LinkedIn Address: 3-51-10 Sendagaya, Shibuya-ku, Tokyo 151-0051 PORTAL POINT HARAJUKU Market Entry Divisionmarketentry@colorful-inc.jp
ANAHEIM, Calif., Jan. 7, 2025 /PRNewswire/ -- In a groundbreaking move set to transform the metal cutting industry, OMTech proudly introduces its latest innovations: the FC-22 and the FC-22C Fiber Laser Cutters. These compact marvels combine exceptional power with unmatched precision, making them the ultimate entry point for businesses or individuals venturing into professional metal cutting. OMTech Launches FC-22 & FC-22C Metal Laser Cutters The FC-22 and the FC-22C boast an impressive 1500W of laser power, effortlessly slicing through tough metals, including stainless steel up to 4mm (0.16 inches) thick and carbon steel up to 10mm (0.39 inches). With a cutting speed of 27.56 inches per second, these machines deliver both speed and accuracy for optimal metal-cutting results. "The FC-22 and FC-22C represent OMTech's commitment to empowering businesses with cutting-edge technology that's both powerful and accessible," said Samson Yang, the COO of OMTech. "We've designed these machines to be the perfect stepping stone for those looking to elevate their metal cutting capabilities." Optimize Safety Safety is paramount in the FC-22's design. The fully-enclosed structure, coupled with an OD8+ grade observation window, ensures complete protection from laser leaks. The FC-22C's semi-enclosed configuration also enhances safety, while additional safety relays and interlocks provide peace of mind, allowing operators to focus on their craft without worry. The FC-22 and FC-22C's compact nature make them ideal for industrial and at-home workshops alike, while the ample safety features keep the workplace protected. Cut More with Expansive Workspace Despite its compact footprint, the FC-22 and FC-22C don't compromise on workspace. Their 23.6 x 23.6-inch cutting area offers the flexibility to tackle a wide range of projects. The FC-22 even includes front and back pass-throughs that accommodate materials up to 24.8 inches wide, granting users more versatility. This feature makes the FC-22 and the FC-22C ideal for applications from custom signage and metal fabrication to architectural design. Ready-to-Go Out of the Box One of the FC-22 and FC-22C's standout features is its plug-and-play functionality. Thanks to the built-in water chiller and laser supply, these metal laser cutters are ready for immediate use upon delivery. This instant setup capability minimizes downtime and accelerates the return on investment for businesses. Superior Technology In addition to the FC-22 and FC-22C's extremely user-friendly setup, these metal cutters utilize a MAX fiber laser source. MAX laser sources are renowned for their reliability and performance and represent some of the best technology in the industry. This choice of laser source ensures consistent, high-quality cuts across various materials and thicknesses. OMTech's commitment to customer success extends beyond the machine itself. The FC-22 and FC-22C have a comprehensive package including laser operating software, a voltage stabilizer, an exhaust fan, and an industrial water chiller. Furthermore, OMTech provides in-person machine installation, training from US technicians, and ongoing US-based technical and customer support. "At OMTech, we're not just selling machines; we're providing complete solutions that help businesses thrive," Samson added. "The FC-22 and FC-22C are a testament to our dedication to innovation, quality, and customer service." About OMTech OMTech stands at the forefront of laser technology innovation, offering a wide range of products catering to professional and hobbyist needs. The FC-22 and the FC-22C are only some of the newest additions to OMTech's expanding line of laser engravers and cutters, with predecessors like the K40+, Polar Series, Maker Series, and Pronto Series. With their constant innovation and commitment to excellence, OMTech continually pushes the boundaries of laser applications, driven by a passion for innovation, quality, and customer satisfaction. The introduction of the FC-22 and FC-22C Metal Laser Cutter further solidifies OMTech's position as a leader in the laser industry, providing businesses with the tools they need to bring their creative visions to life more efficiently and safely. Currently, OMTech is offering a 15% discount on the FC-22 and FC-22C Fiber Laser Cutters during the pre-sale period from January 6th to 26th. Originally priced at $27,500, you can get the all-inclusive package FC-22 for just $23,375. Similarly, the FC-22C is now available for $21,675, a great deal compared to its original price of $25,500. For more information on the OMTech FC-22 and FC-22C Fiber Laser Cutters, please visit OMTech's website.
Acquisition delivers an expanded customer base with a deep global subject matter expertise network that further powers CUBE's RegBrain AI across its industry proven SaaS RegPlatform™ CUBE continues to see strong organic customer growth in its well-established enterprise sector whilst also accelerating growth across the mid-market sector 2024 was a year of strategic milestones for CUBE including the partnership with Hg, expanding its global footprint across six main hubs, the acquisition of Reg-Room and Thomson Reuters Regulatory Intelligence and Oden businesses, together with pivotal board and executive appointments LONDON, Jan. 3, 2025 /PRNewswire/ -- CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), has today formally announced the completion of its acquisition of the Thomson Reuters Regulatory Intelligence and Oden businesses on 31 December 2024. The acquisition of these global businesses is another step forward in CUBE's growth plans as a leader in regulatory intelligence. It will supplement and enhance CUBE's ability to deliver significant scale across many of the world's leading and systemically important financial institutions. CUBE's global customer base will expand to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries. CUBE's Founder and CEO, Ben Richmond, said: "The completion of this acquisition is a major milestone for CUBE in a year that has seen many important milestones including our strategic partnership with Hg, the acquisition of Reg-Room, and the acquisition of Thomson Reuters Regulatory Intelligence and Oden businesses." "Thomson Reuters is best known in the industry for providing regulatory analysis and subject matter expertise combined with world-leading journalism and news," said Ben Richmond. "The powerful combination of CUBE's AI and the years of human generated content curated by Thomson Reuters Regulatory Intelligence and Oden subject matter experts sets us apart in the industry. This new dimension at CUBE will accelerate innovation and drive further growth and opportunity in 2025 and beyond." Following the announcement of its strategic partnership with Hg in March 2024, CUBE has now completed two transformational US-based acquisitions across three businesses whilst continuing to assemble a highly experienced executive team. CUBE's continued impressive growth saw its presence in the enterprise sector surpassing 200 customers and now represents around 40% of Tier 1 financial institutions globally. In the mid-market sector, serving small and medium sized enterprises, CUBE now has near 800 customers. With this growth CUBE solidified its global footprint by establishing offices across its six main hubs focused on customer support and implementation; with the number of employees at CUBE doubling to near 700 and a comparable increase in the number of countries where CUBE's employees are located, which now totals 15 countries. Ben Richmond said: "We are excited to welcome all of our new colleagues to CUBE – 2025 promises to be yet another significant year for the business as we continue to deliver further innovation focused on automating regulatory compliance and risk management for our customers." The definitive agreement was originally announced in May 2024 and terms were not disclosed.
Acquisition delivers an expanded customer base with a deep global subject matter expertise network that further powers CUBE's RegBrain AI across its industry proven SaaS RegPlatform™ CUBE continues to see strong organic customer growth in its well-established enterprise sector whilst also accelerating growth across the mid-market sector 2024 was a year of strategic milestones for CUBE including the partnership with Hg, expanding its global footprint across six main hubs, the acquisition of Reg-Room and Thomson Reuters Regulatory Intelligence and Oden businesses, together with pivotal board and executive appointments LONDON, Jan. 2, 2025 /PRNewswire/ -- CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), has today formally announced the completion of its acquisition of the Thomson Reuters Regulatory Intelligence and Oden businesses on 31 December 2024. The acquisition of these global businesses is another step forward in CUBE's growth plans as a leader in regulatory intelligence. It will supplement and enhance CUBE's ability to deliver significant scale across many of the world's leading and systemically important financial institutions. CUBE's global customer base will expand to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries. CUBE's Founder and CEO, Ben Richmond, said: "The completion of this acquisition is a major milestone for CUBE in a year that has seen many important milestones including our strategic partnership with Hg, the acquisition of Reg-Room, and the acquisition of Thomson Reuters Regulatory Intelligence and Oden businesses." "Thomson Reuters is best known in the industry for providing regulatory analysis and subject matter expertise combined with world-leading journalism and news," said Ben Richmond. "The powerful combination of CUBE's AI and the years of human generated content curated by Thomson Reuters Regulatory Intelligence and Oden subject matter experts sets us apart in the industry. This new dimension at CUBE will accelerate innovation and drive further growth and opportunity in 2025 and beyond." Following the announcement of its strategic partnership with Hg in March 2024, CUBE has now completed two transformational US-based acquisitions across three businesses whilst continuing to assemble a highly experienced executive team. CUBE's continued impressive growth saw its presence in the enterprise sector surpassing 200 customers and now represents around 40% of Tier 1 financial institutions globally. In the mid-market sector, serving small and medium sized enterprises, CUBE now has near 800 customers. With this growth CUBE solidified its global footprint by establishing offices across its six main hubs focused on customer support and implementation; with the number of employees at CUBE doubling to near 700 and a comparable increase in the number of countries where CUBE's employees are located, which now totals 15 countries. Ben Richmond said: "We are excited to welcome all of our new colleagues to CUBE – 2025 promises to be yet another significant year for the business as we continue to deliver further innovation focused on automating regulatory compliance and risk management for our customers." The definitive agreement was originally announced in May 2024 and terms were not disclosed. Logo - https://mma.prnasia.com/media2/2589617/CUBE_Logo.jpg?p=medium600
BEIJING, Dec. 18, 2024 /PRNewswire/ -- A report from China Daily Velile Mngonyama, a production manager at YOA Cable, which was set up by a Wuhan-based company. CHINA DAILY Enterprises in Wuhan city, Central China's Hubei province, are expanding toward global markets under the Belt and Road Initiative, cultivating a large number of professionals and boosting local economic and social development. Eight years ago, YOFC, a Wuhan-based enterprise specializing in the production and sale of fiber-optics and cables, set up Yangtze Optics Africa Cable, or YOA Cable, in Durban, South Africa. Velile Mngonyama, a local production manager of YOA Cable, recalled that to start production smoothly, he and seven other colleagues, as the first group of foreign technical personnel, went to Wuhan in August 2016. There they completed a full set of training, from fiber-optic technology and equipment maintenance to production management, within a month. "When joining YOA Cable, I started from scratch, and it was the Chinese engineers at YOFC who patiently taught me how to use equipment and manage the production," he said. Today, YOFC has established eight production bases in countries involved in the BRI, with more than 50 overseas offices, serving more than 100 countries and regions. In Manila, the capital of the Philippines, a steaming bowl of hot dry noodles has become a regular on the table of Rayan Nalua, senior technical manager of the Philippine subsidiary of Wuhan FiberHome International Technologies. When he first joined the company 10 years ago, Nalua was a local technical engineer in the network operations and maintenance team. "At that time, my Chinese leaders and colleagues were very tolerant and gave me many opportunities," he said. Expanding to major cities such as Manila, Cebu and Davao, FiberHome Philippines has become an industry leader with more than 15,000 employees and launched projects across the country. Ivo, a Bulgarian employee of Wuhan-based HGTECH, an industrial tech enterprise producing laser equipment, said: "China develops rapidly, and the company innovates quickly as well. I enjoy this competitive atmosphere and want to do better." In 2012, he came to study mechanical engineering at Huazhong University of Science and Technology and graduated with a master's degree in 2018. At the time, HGTECH was expanding into the European market and recruiting talents from home and abroad. At HGTECH, new self-developed products are emerging continuously. Initially unfamiliar with these products, Ivo took the initiative to search for information to understand the uses, performance, and advantages of the products, and how to provide solutions when issues arise. Soon after, Ivo secured his first order in Bulgaria, also HGTECH's first in the country. "Working in a high-level company requires continuous learning of new knowledge and mastering new skills," Ivo said. In Addis Ababa, the capital of Ethiopia, Demeke Lule of Humanwell Pharmaceutical Ethiopia, a subsidiary of Wuhan-based Humanwell Healthcare, talked about his achievements over the past few years. "The pharmaceutical industry is a high-tech industry, and I want to learn advanced pharmaceutical knowledge to produce high-quality drugs urgently needed by Africans," Lule said. From equipment names to specific uses, from machine buttons to operating procedures, under the guidance of Chinese masters, he learned step-by-step. In 2019, Lule became the quality department's instruments head and was appointed as the executive manager of the quality department in 2022, responsible for process management, equipment maintenance, and training new employees. Meanwhile, 36-year-old Kristian Kumpumaki, a Swedish language specialist at Transn, an internet-based language services provider in Wuhan, said he hopes to bridge the gap of cultural exchange and mutual learning, allowing the world to understand the real China. In 2008, filled with curiosity and a longing for Chinese culture, he came to China. "I knew some information about China from the internet and news, and I really wanted to see what the real China was like." He first took a semester of Chinese language classes at the University of International Business and Economics. After completing his studies, he moved to Shenzhen, Guangdong province, to work and continue studying Chinese. A Chinese friend once asked him to help translate a Swedish-language document, but he could not accurately translate it into Chinese. He turned to the internet, dictionaries and teachers, trying everything he could, but in the end, he only managed a rough translation. "That was my first experience with translation, far from achieving 'faithfulness, expressiveness, elegance', but it sparked my interest in translation," Kumpumaki said. He began to study translation, reading Chinese works and practicing Chinese expressions. Whenever someone asked him to help with translation, he did his best, considering it an opportunity for practice. Gradually, his translation skills improved significantly, and he could translate among Chinese, English and Swedish, even doing part-time translation work at some companies. While he did translation, Kumpumaki became more fascinated by Chinese culture and decided his career direction: to be the best possible translator. "Many foreigners do not understand the real China. I want to showcase and interpret Chinese wisdom that drives human civilization development, through my translation work, to the world." In early 2023, he joined Transn, becoming a full-time translator. Soon after, the company undertook a translation project of a well-known foreign automotive manufacturer, and Kumpumaki independently translated a part of it. "Translation in the automotive field involves many technical terms, which I was initially unfamiliar with. But my colleagues were very skilled; they taught me to understand the precise meaning of each word and how to translate more accurately," he said, adding that translating thousands of pages was very challenging, but with the help of his colleagues, he successfully completed the task. As the BRI continues to advance, the demand for multilingual translation and language services from various countries is increasing. Transn's overseas business is expanding in areas such as goods trade, service trade and e-commerce.
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