Asia Fresh News

Asia Fresh Stories

Archive for October 2011

YPX Cayman Completes Second Round of Financing

leave a comment »

Company aims to build a large F&B chain platform with leading investors

SHANGHAI, Oct. 31, 2011 /PRNewswire-Asia/ — YPX Cayman Holdings Co.,Ltd. (http://www.ypxfood.com/zh-cn/) announced today the closing of its second round fundraising. The company has secured US$20 million from leading global venture capital firms including Qiming Ventures, Hotung Investment and Mitsui Global Investment. They also attracted personal investments from renowned entrepreneurs such as former DBS Bank and Singapore Airlines Chairman Mr. Koh Boon Hwee and Nasdaq-listed 51Job.com founders Mr. Norman Lui and Mr. Michael Feng Yunlei. With this new fund, YPX Cayman will quickly open more stores in the Eastern and Northern part of China; in line with its strategy of building a large fast casual food and beverage (F&B) chain platform.

A C9 Store
(http://www.prnasia.com/sa/2011/10/18/20111018122325915652-org.jpg)

A Taiwanese rice cake offered in C9
(http://www.prnasia.com/sa/2011/10/18/20111018122638705925-org.jpg)

“I feel extremely honored to be recognized and trusted by so many well-known investment firms and entrepreneurs. China has an enormous potential for a business like ours and we are poised to double our growth over the next one year. Whilst doing so, we simultaneously strive to perfect our food and services, and endeavor to continuously improve on our management and efficiency. Ultimately, we aim to build a multi-brand F&B platform in China by bringing in more brands with the help from our investors,” said YPX Cayman Chief Executive Officer Chris Tay.

Mr. Hans Tung, Managing Director of Qiming Ventures, said: “Qiming Ventures was the sole investor of YPX Cayman’s in its first round of financing. We have been supporting the company since the day one. I am very proud of the team’s professionalism and execution skills. I strongly believe that with a great team, a F&B platform can be just as successful as an internet company’s platform.”

Ms. Jennifer Huang, President of Hotung Investment, which led the second round of financing, said: “In China, Chinese-style casual F&B is a more attractive option for consumers than western-style casual F&B. The key of establishing a strong footprint in the market is to provide products and services with a higher price/performance ratio as well as standardization of production and management. YPX Cayman is definitely working towards this direction.”

Mr. Shunsuke Masaki, Head of Consumer Investment, Mitsui Global Investment, added: “We’re glad that YPX Cayman is striving to achieve the strategic goal of building a casual F&B chain platform. We believe that under the leadership of existing executives, the company will meet the goal. Mitsui Global Investment has invested in more than 15 F&B companies in Japan and we hope to make more brands available in China through YPX Cayman.”

About YPX Cayman Holdings Co.,Ltd.

Founded in Shanghai in 2010, YPX Cayman focuses on the management of casual (F&B) chain in China. CLOUD 9, the company’s first brand, mainly focuses on the Taiwanese casual F&B and snacks segment. The brand now has 10 stores in Shanghai and is expected to open stores in Beijing and markets around Shanghai by the end of this year. The company’s management team, with a combined of over 80 years of experience in the F&B chain management, continuously improves their standard and management level, valuing quality as their first goal. The company aims to establish a large platform in the casual F&B chain in China.

About Qiming Ventures

With offices in Shanghai, Beijing and Hong Kong as well as the Seattle, Qiming Ventures manages funds exceeding US$1 billion and is dedicated to investing in the high-growth promising enterprises in China. The company invested and successfully nurtured these companies to IPO: Jiayuan, ChinaCache and Taomee. It has investments also in category leaders like Vancl, eHi, Xiaomi, PPS TV, Arrail and Kaixin001.

About Hotung Investment

Hotung Investment, a venture capital company with over 20 years of experience, focuses on investing in the high-tech and high-growth companies in China and the US. The company has over 140 successful exits through the initial public offering in main capital markets. Notable investment cases in China include Vancl, Lakala, ku6, CGEN Digital and Bitauto.

About Mitsui Global Investment

Mitsui Global Investment, a wholly-owned subsidiary of Mitsui, focuses on investing in high growth enterprises worldwide. Headquartered in Tokyo, the company has set up offices in Beijing, Shanghai, Silicon Valley and New York and has built a network covering Japan, the US and China. With its global network and resources, Mitsui Global Investment helps its portfolios expand in overseas markets by providing them with strong cross-sector, cross-border support. Mitsui Global Investment’s investments in China include iSoftStone, Prudent Energy and Ftuan.

SOURCE YPX Cayman

Written by asiafreshnews

October 31, 2011 at 5:54 pm

Posted in Uncategorized

Thomson Reuters Launches New Solution for Competitive Intelligence

leave a comment »

Cortellis(TM) set to transform life sciences information market with unrivalled drug R&D content and latest information management technology

TAIPEI, Oct. 28, 2011 /PRNewswire-Asia/ — Thomson Reuters today announced the launch of Cortellis(TM), the next generation solution for the life sciences industry that brings together the company’s best-in-class drug research and development data and the latest information management technology, to transform the way pharma and biotech professionals access and use data across the entire drug research and development life cycle.

The technology will enable companies to access data hosted within Cortellis and merge it with their own data, or with public data sources. A key element of the technology is that it will widen access to Thomson Reuters data, allowing customers access through an API (application programming interface), and a Software Development Toolkit, enabling customers to build tailored applications that meet the specific needs of their end-users.

Designed to meet the competitive intelligence needs of pharma and biotech companies of all sizes, Cortellis, includes Thomson Reuters trusted competitive intelligence content, now combined with powerful new tools to support more detailed analysis of the drug pipeline and licensing opportunities.

The solution offers up-to-the minute information on the global drug pipeline, as well as deal information, patent filings, plus breaking industry news and conference coverage, integrated with striking new visualization tools, including a pipeline competition matrix and a pipeline funnel charting tool.

“The launch of Cortellis is a major event for both Thomson Reuters and the life sciences industry,” said Jon Brett-Harris, Executive Vice President at Thomson Reuters. “The way in which the industry wants to use and interact with our information is changing and we have responded to this demand, creating an innovative solution to facilitate this. We are confident Cortellis will exceed the expectations of our clients, offering them the prospect of faster, more informed decisions than was previously possible.”

Thomson Reuters Cortellis delivers impressive search speeds and more relevant results due to an all new search engine and a highly intuitive user interface with new indexing and ontologies. The new search engine allows for rapid free-text searching, making it possible for users to search across the solution’s entire drug data without the need to design complex search strategies.

The Cortellis solution is also compatible with mobile devices, including smartphones and tablet devices, providing a more interactive user experience, and the freedom to search and stay informed while on the go.

To learn more about Cortellis, please visit: cortellis.thomsonreuters.com

Thomson Reuters

Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 55,000 people and operates in over 100 countries. For more information, go to http://thomsonreuters.com.

SOURCE: Thomson Reuters

Written by asiafreshnews

October 31, 2011 at 3:39 pm

Posted in Uncategorized

Seoul Ranks as 7th Global Power City Among 35 Cities

leave a comment »

SEOUL, South Korea, Oct. 28, 2011 /PRNewswire-Asia/ — Seoul was placed seventh in the Global Power City Index (GPCI) among 35 world cities. The GPCI, the representative index that measures international power of major cities, has been conducted by the Mori Memorial Foundation since 2008.

According to the Foundation, 35 of the world’s major cities are selected and evaluated based on six functions, including Economy, Research & Development (R&D), Cultural Interaction, Livability, Ecology and Natural Environment, and Accessibility and four global actors who are leading the urban activities in their cities, which are managers, researchers, artists, and visitors, and one local actor (residents).

Seoul proved itself as a draw for researchers, maintaining its fifth position in the R&D function for the second year in a row. Notably, Seoul’s ranking in the Cultural Interaction function to 14th from 17th greatly contributed to the city’s rise in comprehensive ranking. Seoul also moved up in position in other functions including Livability to 24th from 26th, Environment to 16th from 17th, and Accessibility to 8th from 10th.

Acknowledging the potential of R&D for new growth, Seoul has put more efforts into the establishment of international research networks, attracting overseas research institutes to the city.

Fraunhofer Research Institute of Germany and Bell Lab of the United States opened in Seoul in 2009, and RSS of Russia opened in 2011. With the internationally recognized overseas research institutes coming to South Korea, Seoul has laid the foundation to induce advanced R&D technologies in universities and research institutes. In addition, Seoul signed agreements with Solvay, a Belgian chemical company, and Toray, the world’s leading carbon composite material manufacturer, to open their R&D centers in the city.

The City has also carried out various projects to support cultural and artistic activities, facilitate art markets, and foster Seoul’s unique cultural brands to diversify the city’s cultural assets and raise its attractiveness.

Furthermore, Seoul has been making aggressive efforts to realize a level of air quality in the city by strengthening controls on fine dust particles and taking measures to lower emissions of diesel cars.

Seoul will continue to develop and implement balanced policies aimed at achieving enhanced quality of life and international competitiveness, improving citizens’ health, welfare and living environment, and creating new growth engines.

Contacts:
Seoul Metropolitan Government, South Korea
Tel: +82-2-727-0024 / +82-2-3707-8768 (In Korean only)
Email: seoulpress@gmail.com
SOURCE Seoul Metropolitan Government

Written by asiafreshnews

October 31, 2011 at 10:41 am

Global Mall Players Set for Next Week’s ICSC RECon Asia 2011

leave a comment »

Annual International Council Shopping Centers event runs Nov 2-4 at Intex Shanghai

SHANGHAI, Oct. 27, 2011 /PRNewswire-Asia/ — With headline speakers teed up and exhibition space long sold out, the International Council of Shopping Centers is set for Wednesday’s opening of ICSC RECon Asia 2011 at Intex Shanghai. The event runs November 2-4.

This is the sixth regional edition of the Council’s annual convention and exhibition series, which draws together academic and government experts and the world’s top executives in retail, retail real estate development, leasing, management and lending to focus on industry issues and trends.

This year’s speakers and panelists include executives from Mango China, Walmart Asia, GAP, Inter IKEA Center, Disney Store, Starbucks, Taubman Asia — the regional arm of US mall giant Taubman Centers.

“Our speakers testify to RECon Asia’s growth as a genuine platform for global industry players not only for exploring Asia’s possibilities, but also speaking to Asia about its opportunities and challenges,” said ICSC Asia Pacific Director Tan Guan Heng.

With China rapidly urbanizing and increasingly focused on developing its domestic economy, coherent shopping center development and management become crucial. Inevitably, consumer spending — only 37% of GDP compared to 60% or more in developed economies — will account for a much bigger share of the Chinese economy.

While this year’s event focuses on China, delegates can hear how different industry players view prospects across Asia as they compare and contrast PRC opportunities with those in their home markets. In short, RECon Asia sessions remain anchored in the wider Asian context.

The conference will tackle issues ranging from urban planning and currency risk to the changing interplay of international brand retailers and how shopping centers cope as more brands consolidate into fewer ownership groups.

In addition to conference sessions, ICSC will again operate its RECon Academy, which offers enrollees a chance to drill down into two crucial areas to professional development, namely management training and leasing.

“We’ve had a remarkable run-up to this year’s event,” Tan said. “Our exhibition space sold out faster than I’ve ever seen. Academy seats disappeared just as quickly and, judging from delegate registrations so far, it looks like we’ll see a full house when last-minute opening day registrations are toted up.”

RECon Asia 2011’s major exhibitors and sponsors include: AEON Mall, Ayala Land, Inter IKEA Centre Group, Insite Asset Management Group, McDonald’s, SCP, Starbucks, Taubman Asia, Taubman TCBL, The Link REIT and Yangguang Co. Ltd.

http://www.icsc.org/2011APC

About the International Council of Shopping Centers (ICSC)

Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 55,000 members in over 90 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials. As the global industry trade association, ICSC links with more than 25 national and regional shopping center councils throughout the world. For more information, visit http://www.icsc.org.

Contact:

Cat Chan
+86-130-4416-3241
cchan@icsc.org

SOURCE﹛International Council of Shopping Centers (ICSC)

Written by asiafreshnews

October 27, 2011 at 2:48 pm

Posted in Uncategorized

Thailand Flooding — Marsh Advice on Business Resiliency Preparation

leave a comment »

Thailand Flooding — Marsh Advice on Business Resiliency Preparation

SINGAPORE and BANGKOK, Oct. 26, 2011 /PRNewswire-Asia/ — As the worst floods in over 50 years continues to affect Thailand, Marsh, the world’s leading insurance broker and risk advisor, outlines steps that businesses should take to help them prepare before and during the emergency.

Flood Preparation

— Activate your Business Continuity Management procedures. Assemble
emergency response teams to review plans and decision timelines.
— Identify any suppliers that might be affected by the floods, review
contingency plans, and make alternative arrangements as needed.
— If a decision is made to close a facility, check the availability of
key personnel and agree on when to close the facility and the time
required to shut down operations and evacuate personnel. To ensure
safety of personnel, no-one should be allowed to remain on site unless
approved by local authorities, and personnel should stay clear of
low-lying coastal areas. Remain in contact with employees and ensure
that contact lists are current.
— Relocate, as required, any hazardous materials that could react with
water.
— Identify, back up, and/or relocate vital records. Cover valuable
equipment, furniture, and other property susceptible to water damage.
— Check all emergency and communications equipment, including generators
and radios. Ensure that generators will start automatically and that
power transfers properly. Fill oil and fuel tanks to capacity. Verify
that all fire protection equipment and systems are in service.
— Follow local media reports to stay current with the flood’s progress
and any advisory and mandatory evacuation orders.
— Address access to your site after the floods recede. In extreme
conditions, this will be controlled by public authorities. Assemble
supplies for the emergency response team.

Marsh’s property risk, business continuity, and crisis management experts are available to assist clients with any necessary preparations as well as post-event.

Marsh’s local dedicated claims team and client executives can also support clients in their business recovery in the event that they are impacted. The local teams are supported by our regional and international claims teams, including a team of specialists for large or complex claims. To file a claim, contact your client executive or contact:

Duncan Buchanan
Thailand Country CEO
Tel: +66-2695-7103
Email: duncan.buchanan@marsh.com

Somlurk Suwanpakdeechit
Thailand Claims Leader
Tel: +66-2695-7136
Email: somlurk.suwanpakdeechit@marsh.com

Marsh’s Disaster Recovery Portal

Marsh’s Disaster Recovery Portal ( http://usa.marsh.com/Insights/DisasterRecovery.aspx ) provides Marsh specialists’ contact information and regularly updated information for clients. Marsh has also set up a hotline to which clients can direct insurance questions and file formal claims notifications.

About Marsh

Marsh ( http://www.marsh.com/ ), the world’s leading insurance broker and risk advisor, teams with its clients to define, design, and deliver innovative industry-specific solutions that help them protect their future and thrive. It has over 24,000 colleagues who collaborate to provide advice and transactional capabilities to clients in over 100 countries. Marsh is a member of Marsh & McLennan Companies ( http://www.mmc.com/ ), a global professional services firm with 52,000 employees worldwide and annual revenue exceeding US$10 billion, which is also the parent company of Guy Carpenter (http://www.guycarp.com/ ), the risk and reinsurance specialist; Mercer ( http://www.mercer.com/ ), the provider of HR and related financial advice and services; and Oliver Wyman ( http://www.oliverwyman.com/ow/index.html ), the management consultancy. Its stock (ticker symbol: MMC) is listed on the New York, Chicago and London stock exchanges. Follow Marsh on Twitter @Marsh_Inc.

SOURCE: Marsh

Written by asiafreshnews

October 27, 2011 at 12:27 pm

Posted in Uncategorized

First-ever Line-honours for Singapore Sailing Team in International Regatta

leave a comment »

SINGAPORE, Oct. 26, 2011 /PRNewswire-Asia/ — The Audi ultra finished the VinaCapital Hong Kong to Vietnam Race 2011 (19-21 October) with line-honours — the first-ever Singapore registered yacht to manage this, following its line-honours victory in the previous week’s China Coast Regatta in Hong Kong.

The Audi ultra is one of the world’s most advanced ocean racing yachts with a 26-strong crew consisting of experienced international sailors and 12 of Singapore’s most promising young sailors.

After sailing in good winds for the first 90 per cent of the race, the Audi ultra looked set to break the monohull record but the attempt over the 656 nm course was compromised when the 27.5m yacht experienced wind squalls up to 26 knots, a blown spinnaker and damage to the bow.

Still, crossing the line in 43h 44m 24s, the Audi ultra team was less than an hour off Grant Wharington’s 2004 monohull record in supermaxi Wild Thing.

Ludde Ingvall, co-owner of the Audi ultra said, “After top speeds at over 26 knots, a tropical thunderstorm in the night between Thursday and Friday off the coast of Vietnam brought rain so intense that you could not see many metres in front of you. The wind became very erratic and then non-existent.

“However, we got the desired line-honours and won, finishing several hours ahead of the competition. I am very proud of the newly-formed Singaporean Audi ultra racing team and have no doubt of its capability to achieve further successes,” finished Ingvall.

The week before, the team had taken on the region’s most experienced yachtsmen and crossed the line first in four of seven China Coast Regatta’s races.

Tan Wearn Haw, who skippered the Audi ultra for majority of the China Coast Regatta races said: “Our sailors did very well in tough international competition”.

“We have built the breadth of sailing experience in Singapore and will cycle more sailors through this exciting and unique offshore racing programme, brought on by owners, Ingvall and Singapore-based entrepreneurs Thomas Zilliacus and Ron Creevey. The Audi ultra will continue to develop opportunities for Singaporean sailors to have a career in big boat sailing and make Singapore the Asian kingpins in offshore racing,” said Tan, who is also the CEO of Singapore Sailing Federation.

The Audi ultra will now be preparing for the 2011 Phuket King’s Cup Regatta held on 3-10 December.

 

SOURCE Audi Singapore Pte Ltd.

Written by asiafreshnews

October 27, 2011 at 12:16 pm

Posted in Uncategorized

EF Releases Its Latest Mobile App: EF MyWords, the Ultimate 5-Minute Word Workout

leave a comment »

 
HONG KONG, Oct. 25, 2011 /PRNewswire-Asia/ — Forget endless drills, boring lessons, and out-of-touch books – English language learning has been turned on its head with EF MyWords, a new mobile 5-minute word workout. The mobile app is available for free at the App Store http://itunes.apple.com/US/app/ef-mywords-english/id393088047?mt=8.

(Photo: http://www.prnasia.com/sa/2011/09/26/20110926115810543950.html )

Students cite that language learning can be time consuming and overwhelming. To solve this, EF Education First( http://www.ef.com ), the world’s leading education company, introduced EF MyWords. EF MyWords breaks through the clutter to provide a structured, accelerated approach based on 5 learning exercises — Recognition, Listening, Recall, Visualization and Pronunciation — curating a daily list of eight words, targeted using student skill level and learning history.

“Our mobile initiatives give students a convenient and flexible way to practice English,” says Bill Fisher, EF Englishtown CEO. “We are focused on perfecting the fastest way to learn a language. EF MyWords is another step in that direction.”

EF MyWords represents how mobile and digital technology are changing education and augmenting traditional textbooks with images, audio, and voice recognition.

MyWords is the latest update in EF’s investment in mobile, which includes a growing constellation of apps, both standalone tools and classroom aids. In addition to EF High Flyers, an iPad app for children learning English, EF has brought its full courseware, EF Englishtown, to the iPad, including interactive lessons, high quality movies, and individual progress tracking.

In its brick and mortar schools, EF Education First continues to invest in innovation. With EF’s upcoming classroom app for its language schools, teachers will be able to seamlessly share content with their students. With plans to invest in thousands of iPads across EF’s 400 schools, the future of education has arrived.

About EF Education First

Established in 1965 with the mission to “break down barriers in language, culture, and geography”, EF Education First( http://www.ef.com ) (EF) is the world’s leading international education company. With a network of 400 schools and offices, including the world’s largest online English school www.englishtown.com, EF specializes in language training, educational travel, academic degrees, and cultural exchange programs, having helped 15 million students worldwide. EF published the English Proficiency Index (www.ef.com/epi), measuring English ability across the world.

http://www.ef.com/about-ef/press/release/news_19_10_2011

http://www.englishtown.com/online/dp/press_10-25-2011.aspx

For media inquiries, please contact:

Eric Feng
Phone: +852-2111-2370
Email: press@ef.com
SOURCE EF Education First

Written by asiafreshnews

October 26, 2011 at 12:06 pm

Posted in Business & Finance