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Archive for October 31st, 2011

YPX Cayman Completes Second Round of Financing

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

SHANGHAI, Oct. 31, 2011 /PRNewswire-Asia/ — YPX Cayman Holdings Co.,Ltd. ( 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 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

A Taiwanese rice cake offered in C9

“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.


Written by asiafreshnews

October 31, 2011 at 5:54 pm

Posted in Uncategorized

Thomson Reuters Launches New Solution for Competitive Intelligence

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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:

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

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

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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.

Seoul Metropolitan Government, South Korea
Tel: +82-2-727-0024 / +82-2-3707-8768 (In Korean only)
SOURCE Seoul Metropolitan Government

Written by asiafreshnews

October 31, 2011 at 10:41 am