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HONG KONG SAR - Media OutReach - 19 September 2023 - Alibaba Pictures Group Limited ("Alibaba Pictures" or the "Company," HKEX: 1060), an integrated entertainment platform featuring "content + technology" under the Alibaba Digital Media and Entertainment Group, and Alibaba Investment Limited, a wholly-owned subsidiary of Alibaba Group Holding Limited ("Alibaba Group") (NYSE: BABA and HKEX: 9988 (HKD counter) and 89988 (RMB counter)), are pleased to announce the entry into a share purchase agreement, pursuant to which Alibaba Pictures had conditionally agreed to acquire the entire equity stake of Pony Media Holdings Inc. (the "Target Company"), the operator of "Damai" brand. By further expanding the upstream presence of "Damai" brand in live entertainment industry value chain, such as events production and promotion, venue operation and artist management, the Company aims to strengthen scale advantages and barriers to entry, and further build brand awareness for its offline entertainment business. Through "Damai" brand, the Target Company (along with its subsidiaries) is a leading provider of live performances, including concerts, musical festivals, livehouse performances, plays, sports events and exhibitions in the PRC. The Target Company engages in the full life cycle of live performances, including production, promotion and ticketing, and served over 1.8 million events with over 100 million registered customers cumulatively. "We believe this transaction heralds a new chapter for the new Alibaba Pictures. Before today's announcement, we have already established deep connection with Damai through our exclusive service agreement, and accumulated over 20 million Taomai VIP members to date," said Mr. Jie Li, President of Alibaba Pictures. "Following the transaction, we will strive to integrate our resources, expand presence along industry value chain, drive development through technology innovation, and ultimately create value to our customers and shareholders." The aggregate consideration shall be US$167 million (equivalent to approximately HK$1,307 million) and shall be satisfied by the Company allotting and issuing 2,513,028,847 consideration shares to Alibaba Investment Limited at an issue price of HK$0.52 per share, based on the volume weighted average price of the Company's ordinary shares listed on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") for thirty (30) consecutive trading days immediately preceding the agreement date. Immediately after the issue of the consideration shares, Alibaba Group will increase its shareholding in Alibaba Pictures to approximately 54.26%. J.P. Morgan Securities (Asia Pacific) Limited acted as Financial Adviser to the Company. Subject to the fulfillment of certain conditions precedent, including obtaining approval from Independent Shareholders in a special general meeting, the transaction is expected to be closed in the fourth quarter of 2023. For more information, please refer to Company's announcement published on the Stock Exchange dated September 19, 2023. Hashtag: #AlibabaPicturesThe issuer is solely responsible for the content of this announcement.About Alibaba Pictures Alibaba Pictures was incorporated in Bermuda and its shares are listed on the Main Board of the Stock Exchange. The Company is an entertainment platform driven by the Internet at its core, with full coverage across the industry chain. The core business of the Group includes three major segments: content, technology and IP merchandising and commercialization. These segments encompass (i) investment in and production and distribution of entertainment content, such as film and drama series, both domestically and internationally; (ii) digitalization in the entertainment sector, including platform ticketing, digital intelligence business and other technology products; and (iii) centered around content IP, provision of professional services such as IP development and operation, and production and distribution of IP derivatives, respectively. For more information, please visit https://ir.alibabapictures.com/
iShopChangi blossoms this spring with an irresistible Spring Sale! Throughout the month of March, explore an array of new finds, from chic wardrobe must-haves to essential travel gear, all at GST-absorbed and tax-free prices. But that's not all! Revel in the spirit of International Women's Day by treating yourself to a selection of luxury fashion, beauty, and wellness items from women-led brands accelerating action in Singapore. Plus, take advantage of additional discounts of up to 60% with stackable sitewide promo codes — because who doesn’t love extra savings?SINGAPORE - Media OutReach Newswire - 6 March 2025 - From now to 31 March 2025, travellers and non-travellers can step into spring with iShopChangi's vibrant array of Spring Sale delights. Embrace the new season with exclusive deals, refreshing everything from fashion wardrobes to beauty routines and travel essentials as you discover spectacular savings on renowned brands like GUCCI, SK-II and Braun Büffel. Simultaneously celebrate your strength, your achievements, and your journey this International Women's Day by supporting female-led brands on iShopChangi, and top off your spree with seamless gift-wrapping and rapid on-demand delivery. Blossoms this spring with an irresistible Spring Sale! Seize the Seasons' Best Deals Explore an exquisite collection spanning luxury fashion, cutting-edge beauty products, and essential travel gear, all tax-free. Spotlighting female-led brands like Dr. Ora, Scent Journer, and Bohème SG, every choice is designed to enhance your style and self-care rituals. Whether refreshing your wardrobe or upgrading your travel must-haves, find everything you need to rejuvenate in style. Unlock incredible savings with these exclusive promo codes — your ticket to a spring shopping spree! Spring Sale (For Non-Travellers and Travellers) From now till 31 March 2025 Code Description 25MAR12 12%* off with min. spend S$150, capped at S$50 25MAR20 20%* off with min. spend S$500, capped at S$250 25MAR18MC 18%* off with min. spend S$350, capped at S$80 (For Mastercard payment methods only) *T&Cs and product exclusions apply. Refer to https://www.ishopchangi.com/en/campaigns/march-spring-2025 for full terms and conditions. Spring-Inspired Essentials Celebrate the season by refreshing your fragrance collection with GUCCI Women's 2-Pc Flora Gorgeous Gardenia Eau De Parfum Spring Gift Set, embodying a bouquet of free-spirited joy and positive energy, now available for S$228.30. Enhance your spring with MAISON MARGIELA REPLICA Springtime in a Park EDT, where lily of the valley and jasmine mingle with joyful pear notes, now priced at S$194. Travel Essentials for March Getaways Gear up for your holiday travels with the Anker MagGo Ultra-Slim 10000mAh Qi2 Certified 15W Power Bank A1664, boasting the slimmest design for maximum portability and power, now at just S$99.88, after a 29% discount. Complement your journey with the stylish and durable Braun Büffel Ismael Luggage in Black, meticulously crafted from polycarbonate and lined with nylon, available for S$366.06. Travel-Exclusive Beauty Finds and Spirits Dive into the exquisite world of travel exclusives with the DIPTYQUE Set Mini Candles (Baies, Roses, Figuier, Ambre, Tubéreuse), a symphony of lush berries, blooming roses, fig tree, warm amber, and delicate tuberose, creating a captivating scent experience for your home, now available for S$125. Rejuvenate your skin with the SK-II Facial Treatment Essence 230ml Duo Set, SK-II's most awarded product enriched with over 90% PITERA™ for radiant skin, priced at S$491.80. Elevate your spirits collection with the Isle of Leomhann - Inaugural Edition, an elegant single malt matured in oloroso sherry casks, available for S$131.60 after a 30% discount. Round off your selection with the Monkey Shoulder Blended Malt Scotch Whisky, a rich blend of three Speyside malts, now just S$55.20 Essentials to Power a Women in Her Lifestyle Celebrate International Women's Day by empowering her with essentials that blend fashion and function. Opt for the TISSOT Chemin des Tourelles Powermatic 80 34 mm, a timeless watch crafted in the Swiss tradition, now at S$1,200. Complement her professional attire with the elegant Braun Büffel Cedore-NP Medium Top Handle Bag in Soft Grain Leather, available for S$513.04 after a 20% reduction. Elevate her multitasking capabilities with a selection of smartwatches & wearables from top brands, perfect for staying fit and productive. Don't miss the exclusive discount on the Samsung Galaxy Watch7 40mm Bluetooth, now as S$448, ensuring she accelerates into action with style and efficiency. International Women's Day Exclusive Finds to Empower Her Style Celebrate International Women's Day on iShopChangi with exclusive offerings from pioneering women who are reshaping beauty and fashion. Wynnie Tham, founder of Dr. Ora, has harnessed the power of nutrition in her beauty and skin supplements brand to transform skin care. Her passion for holistic beauty is encapsulated in the Dr. Ora Crystal Luxe Collagen, now available for S$85.90, designed to rejuvenate and hydrate the skin deeply. Joyce Lian of Scent Journer brings her banking acumen to the world of perfumery, creating gender-neutral scents that transcend labels. Her dedication is reflected in The Blooming Jewel Eau De Parfum, a fragrance that blossoms like a spring garden, available for S$46. Veronique Manchharam of Bohème SG infuses her love for travel into her jewellery designs, offering pieces that celebrate individuality and freedom. The Orchidea Double Earrings, inspired by Singapore's national flower, are perfect for expressing personal style and are priced at S$252 after a 20% discount. Elevate your spring shopping with exclusive gift-wrapping services*. Choose from a selection of elegant gift boxes to add a sophisticated touch to your presents for just S$5. And for those last-minute surprises, take advantage of rapid On-Demand Delivery—order by 5PM (Monday - Saturday) and receive your items within just 2 hours, with a reduced delivery fee of S$10 (from S$20) till the end of March. Spring into Luck & Savings with iShopChangi This spring, try your luck with the all-new Changi Millionaire Experiences. Spend S$50 or more on iShopChangi or use Changi Pay to double your chances of winning a bespoke luxury experience per quarter, and/or a Porsche Taycan. Plus, get access to exclusive Changi Editions premiums – the perfect way to celebrate the new season in style. And there's more for newcomers! For new iShopChangi shoppers, the rewards start immediately. Use the promo code <ISCNEW20> at checkout with a minimum spend of S$79 to enjoy an extra S$20 off your first purchase. New to Changi Pay? Enjoy S$10 off your first purchase of S$50 or more when you use Changi Pay at checkout. As a non-traveller, you can cart out at tax-absorbed prices on iShopChangi and have your items delivered to you for free when you spend at least S$59 and provide a Singapore residential address for delivery. Alternatively, pick up selected products from the T2 Arrival (Public Area) iShopChangi Counter. If you are travelling, enjoy the ultimate convenience and flexibility by shopping for your favourite items up to 30 days in advance and as close as 12 hours before your flight. Collect your order at the various Departure and Arrival Collection Centres. Alternatively, have it conveniently delivered to a local residential address for free with a minimum spend of S$59; an S$8 delivery fee applies for orders below S$59. Hashtag: #ishopchangihttps://www.ishopchangi.comhttps://www.facebook.com/iShopChangihttps://www.instagram.com/ishopchangiThe issuer is solely responsible for the content of this announcement.iShopChangiiShopChangi was launched in 2013 as an extension of Changi Airport’s promise to deliver greater comfort and convenience to travellers in its suite of airport retail offerings. Passengers can browse and purchase tax- and duty-free products across all terminals between 30 days to 12 hours pre-flight on the e-store – and choose to collect their items at Collection Centres within departure, upon arrival or have them delivered free in Singapore. Providing easy access to over 30,000 products across 900 brands and exclusives such as Changi First product launches, the site has since received global recognition with its award for Best Website – Retail Customer Facing at The Moodies: the Airport and Travel Retail Digital Media Awards 2018. In early 2020, the e-commerce store started to retail a selection tax- and duty-absorbed products to Singapore-based residents without the need to fly.
KUALA LUMPUR, Malaysia, March 6, 2025 /PRNewswire/ -- Wahed, a global Shariah-compliant fintech has appointed Shahril Hamdan to its Board of Directors. Wahed, an Islamic robo-advisor, appoints Shahril Hamdan to its Board of Directors. Shahril Hamdan built a multi-sector career in the public, private, and digital media spaces over the last 15 years. He notably held the position of Economic Director in the Prime Minister's Office and was a member of the National Economic Action Council. He was a consultant at McKinsey and Company and later became the CEO of Destini Oil, a Malaysian oilfield services company. Shahril was recently appointed Head of Southeast Asia and Managing Director at GP Bullhound, a global tech advisory and investor with over USD1 billion in AUM and 13 offices across Europe, US and Asia. This built on his previous VC and private markets experience syndicating angel and venture investments into Malaysian tech startups and later on founding a consultancy firm Watchtower Advisory where he advised international investors, asset managers and entrepreneurs with an interest in Malaysia and the broader Southeast Asian region. His more public profile also includes co-hosting and co-owning Keluar Sekejap, a Malaysian digital media company anchored on its main podcast covering policy, politics and current affairs. Shahril holds a MSc in Race, Ethnicity, and Postcolonial Studies from the London School of Economics, where he was the recipient of the 2011 Hobhouse Memorial Prize. Prior to this, he gained a BA in Economics from the University of Manchester. On this appointment, Shahril commented, ''I am delighted to join the board at Wahed. Wahed's mission of furthering financial inclusion through creating best-in-class and values-based financial products is one I resonate with deeply and I look forward to supporting its growth ambitions. Mohsin Siddiqui, Wahed CEO said, "We are pleased to welcome Shahril to Wahed. His unique understanding of the financial landscape in Southeast Asia, in particular the private markets, is valuable to us. We have always envisaged the region to be a global hub for Wahed and we are excited to bring Shahril's expertise in realizing this vision and continuing to grow our presence. About Wahed Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides portfolio options to clients that align with their risk appetite. Wahed's services have already attracted over 400,000 customers globally. For more information, visit: www.wahed.com
KUALA LUMPUR, Malaysia, March 6, 2025 /PRNewswire/ -- Wahed, a global Shariah-compliant fintech has appointed Shahril Hamdan to its Board of Directors. Wahed, an Islamic robo-advisor, appoints Shahril Hamdan to its Board of Directors. Shahril Hamdan built a multi-sector career in the public, private, and digital media spaces over the last 15 years. He notably held the position of Economic Director in the Prime Minister's Office and was a member of the National Economic Action Council. He was a consultant at McKinsey and Company and later became the CEO of Destini Oil, a Malaysian oilfield services company. Shahril was recently appointed Head of Southeast Asia and Managing Director at GP Bullhound, a global tech advisory and investor with over USD1 billion in AUM and 13 offices across Europe, US and Asia. This built on his previous VC and private markets experience syndicating angel and venture investments into Malaysian tech startups and later on founding a consultancy firm Watchtower Advisory where he advised international investors, asset managers and entrepreneurs with an interest in Malaysia and the broader Southeast Asian region. His more public profile also includes co-hosting and co-owning Keluar Sekejap, a Malaysian digital media company anchored on its main podcast covering policy, politics and current affairs. Shahril holds a MSc in Race, Ethnicity, and Postcolonial Studies from the London School of Economics, where he was the recipient of the 2011 Hobhouse Memorial Prize. Prior to this, he gained a BA in Economics from the University of Manchester. On this appointment, Shahril commented, ''I am delighted to join the board at Wahed. Wahed's mission of furthering financial inclusion through creating best-in-class and values-based financial products is one I resonate with deeply and I look forward to supporting its growth ambitions. Mohsin Siddiqui, Wahed CEO said, "We are pleased to welcome Shahril to Wahed. His unique understanding of the financial landscape in Southeast Asia, in particular the private markets, is valuable to us. We have always envisaged the region to be a global hub for Wahed and we are excited to bring Shahril's expertise in realizing this vision and continuing to grow our presence. About Wahed Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides portfolio options to clients that align with their risk appetite. Wahed's services have already attracted over 400,000 customers globally. For more information, visit: www.wahed.com Photo - https://mma.prnasia.com/media2/2633147/Shahril_Hamdan__1_Wahed.jpg?p=medium600
HONG KONG, Feb. 28, 2025 /PRNewswire/ -- QMMM Holdings Limited (Nasdaq: QMMM) (the "Company" or "QMMM Holdings"), a digital media advertising, virtual avatar & virtual apparel technology service provider in Hong Kong, today announced that on February 26, 2025, the Company received a letter from the Listing Qualifications staff of The Nasdaq Stock Market ("Nasdaq") notifying the Company that based on the closing bid price of the Company for the period from January 8, 2025 to February 25, 2025, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share. Nasdaq has provided the Company with an 180 calendar days compliance period, or until August 25, 2025, in which to regain compliance with Nasdaq continued listing requirement. In the event that the Company does not regain compliance in the compliance period, the Company may be eligible for an additional 180 calendar days, should the Company meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and is able to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. However, if it appears that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company's securities will be subject to delisting. The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq's continued listing requirement. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement. About QMMM Holdings Limited QMMM Holdings is an award-winning digital advertising and marketing production services company. More information about the Company can be found at: https://www.qmmm.io/ Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC, which are available for review at www.sec.gov. For more information, please contact: QMMM Holdings LimitedPhone: +852 3549 6889Email: info@qmmm.io
Digital media standards underlie every advance CAMBRIDGE, Mass., Feb. 13, 2025 /PRNewswire/ -- A new report by MIT Technology Review Insights explores how emerging tech is remaking the media and entertainment industries—opening new business opportunities for the technologically savvy. The report, "Designing the future of entertainment," is produced in partnership with Nokia and is based on in-depth interviews with media and entertainment executives, startup founders, industry analysts, and experts. Among the organizations represented are PwC, Seneca College, StoryFit, Databricks, Twyn, Enders Analysis, MIT Sloan School of Management, and Nokia. "As the report concludes, media and entertainment brands are often in the tech vanguard, but they sometimes struggle to reorient their business models during periods of disruption," says Arvin Patel, chief licensing officer new segments for Nokia."They should embrace AI, forge new alliances, and think creatively about routes to monetization." The findings are as follows: AI is turbocharging media production and democratizing the creative process, but it also poses substantial threats and challenges for the industry. Entertainment is moving from cautious experiments to wider-scale deployment of AI. So far, use cases include audience predictive analytics, virtual production, automating tasks like editing and captioning, and powering efficiency improvements in areas like animation and dubbing. Hardware, infrastructure, and connectivity will be crucial enablers of next-generation content. Key technical advances supporting new forms of content include edge and on-device processing improvements and the bandwidth and speed to enable multi-user and interactive experiences. Improved connectivity and device innovation will be key to delivering next-generation content and experiences. Digital media standards underlie every advance. Digital media technologies and standards are the soft infrastructure behind all digital entertainment, and they will be essential to more complex, interactive, and "live-ish" experiences of the future, including gaming, sports/esports, music, and the metaverse. Media and entertainment brands have often been tech vanguards, but they also struggle to reorient their business models during these transitions. They should forge new alliances, take an expansive view of their ecosystem to include non-traditional partners and think creatively about routes to monetization. "The media and entertainment landscape is entering a transformative era where AI is no longer just a tool but a catalyst for creative reinvention and operational efficiency," says Laurel Ruma, global director of custom content for MIT Technology Review. "Success in this new era will require balancing experimentation with responsibility and embracing the evolving digital standards. AI should be seen as a partner in creativity, amplifying human ingenuity rather than replacing it." Download the full report now. For more information please contact: Natasha ContehHead of CommunicationsMIT Technology Review Insightsnatasha.conteh@technologyreview.com About MIT Technology Review Insights MIT Technology Review Insights is the custom publishing division of MIT Technology Review, the world's longest-running technology magazine, backed by the world's foremost technology institution—producing live events and research on the leading technology and business challenges of the day. Insights conducts qualitative and quantitative research and analysis in the U.S. and abroad and publishes a wide variety of content, including articles, reports, infographics, videos, and podcasts. And through its growing MIT Technology Review Global Insights Panel, Insights has unparalleled access to senior-level executives, innovators, and entrepreneurs worldwide for surveys and in-depth interviews.
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