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Archive for March 1st, 2016

Megaport Reports Global Expansion, Revenue Growth, and Strong Customer Acquisition

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BRISBANE, Australia /PRNewswire/ — Megaport Limited (ASX:MP1) today reported its first half yearly earnings to 31 December 2015, including a general market update.

Denver Maddux, Chief Executive Officer, Megaport Limited said:  “We are pleased to report that the markets inAsia Pacific, specifically Australia, continue to grow and generate profit after Direct Network costs, in addition to strong market adoption gains with 31% revenue growth during this half-year. The number of Ports sold increased by 72% and we are happy that Singapore and Hong Kong have shown continued improvement in revenue growth.”

During the half year ended 31 December 2015, the Company undertook two successful capital raisings: A$10 million was raised in August 2015 via a private placement, and A$25 million was raised in December 2015through an Initial Public Offering. These funds provide capital for the Company to complete network expansions into North American and European markets; hire additional sales and engineering professionals; and investigate expansion opportunities into new markets and fund Offer costs.

Key Performance Metrics

Executing on global growth opportunity

The key metrics to the end of December 2015 are:

  • Number of Locations: 46
  • Number of Ports: 504
  • Number of Customers: 253
  • December Revenue: up 29% from July 2015

Market Expansion Update

  • North America: Megaport has completed twelve of its 31 planned locations as at 31 December, with a further six completed as at 29 February 2016. The remaining 13 locations are on track for completion by 30 April 2016. Services are now available in seven of the eight planned metropolitan areas.
  • Europe: rollout has commenced in seven of the 13 planned locations.
  • Total number of Megaport active sites as at 29 February 2016 is 54, up from 36 at the end of July 2015.

The Company has deployed over half of its planned North American footprint and service availability dates are on schedule, while expansion into Europe is well underway.

The Company has signed its first Open Alliance Agreement in North America with Wowrack, based in Seattle, Washington, extending services into its facility. “In addition to executing on our planned core footprint, external demand for elastic interconnectivity to cloud service providers has also shaped Megaport’s deployments,” Maddux said.

The Open Alliance provides a framework to quickly deploy to data centres with demand for direct cloud connectivity.

Another highlight of the Company’s expansion plans includes signing key alliances with CyrusOne and Amsterdam Internet Exchange (AMS-IX) illustrating the demand for elastic connectivity services with both Enterprise data centres and traditional Internet interconnection platforms.

“The need for innovation at the interconnection layer is absolutely clear,” Maddux said. “Both CyrusOne and AMS-IX represent significant opportunities to bring our respective strengths together to provide the next level of interconnection capabilities.

“Enterprise-rich data centre operators like CyrusOne will deliver a strong pipeline for our elastic cloud interconnection services, while AMS-IX enables us to expand our reach in Amsterdam, a major European cloud market.”

Conclusions and Outlook

The Company’s is in a strong position to execute the remaining builds as outlined in the Company prospectus. Rollout consists of 31 locations in North America by 30 April 2016 and 13 locations in Europe. Staffing and talent acquisition remain a core priority as the Company executes on its North America plans and builds the European business unit.

“We are delighted with our team’s execution on the rollout of our core service footprint in North America and their business development efforts to build our ecosystem of service providers,” said Maddux.

“Megaport has the largest Elastic Interconnection network in Asia Pacific, with the greatest reach into the most key data centres. By demonstrating demand for direct, elastic interconnectivity to cloud service providers within Asia Pacific, we have strengthened our relationship with key cloud and network service providers. This is also fuelling demand for Megaport to enable our cloud partners’ direct connectivity services into our expansion markets.”

Megaport operates in 54 data centres across thirteen markets in Australia, New Zealand, Singapore, Hong Kong, and United States and is currently expanding its presence into additional data centres in North America and key markets in Europe, including London, Dublin, Amsterdam, and Stockholm.

To learn more about Megaport’s SDN-based interconnection fabric and continued expansion into North American markets, please visit

Supporting Resources

About Megaport
Megaport is the leading, global, independent and neutral provider of Elastic Interconnection services. Using Software Defined Networking, the Company’s global platform enables customers to rapidly connect their network to other services across the Megaport Fabric. Services can be directly controlled by customers via mobile devices, their computer or our open API. The Company’s extensive footprint in Australia, Asia Pacific, and North Americaprovides a neutral platform that spans many key data centre providers across various markets.

Established in 2013 and founded by Bevan Slattery, Megaport built the world’s first SDN-based neutral elastic fabric changing the way enterprises, networks, and services interconnect. The high demand for interconnects and the need to change the way bandwidth acquisition has pushed Megaport into new markets globally. Megaport has been built by a highly experienced team with extensive knowledge in building large scale global carrier networks. To learn more about Megaport, please visit:

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Source: Megaport

Related stocks: Australia:MP1

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Written by asiafreshnews

March 1, 2016 at 4:25 pm

Posted in Uncategorized

Raspberry Pi 3 now available to order from RS Components and Allied Electronics: latest generation low-cost computer board raises the bar with higher performance, 64-bit support and wireless connectivity

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-Available from RS and Allied, the latest generation Raspberry Pi delivers 50% higher performance than Raspberry Pi 2, and integrates Bluetooth and wireless LAN communications technologies

SYDNEY /PRNewswire/ — RS Components (RS), the trading brand ofElectrocomponents plc (LSE:ECM), the global distributor for engineers, today announced that the new Raspberry Pi 3 Model B credit-card-sized single-board computer from the Raspberry Pi Foundation is now available to order at and Targeting use in industry, in homes and in schools and colleges worldwide, the latest generation of Raspberry Pi incorporates a powerful 64-bit ARM Cortex-A53 quad-core processor to deliver significantly enhanced performance, as well as offering integrated Bluetooth and wireless LAN connectivity as standard for Internet of Things (IoT) development projects.

Raspberry Pi 3 now available to order from RS Components and Allied Electronics: latest generation low-cost computer board raises the bar with higher performance, 64-bit support and wireless connectivity
Raspberry Pi 3 now available to order from RS Components and Allied Electronics: latest generation low-cost computer board raises the bar with higher performance, 64-bit support and wireless connectivity


Raspberry Pi
Raspberry Pi


Building upon the phenomenal success of its predecessors – the Raspberry Pi 1 Model B+ and Raspberry Pi 2 Model B — the Raspberry Pi 3 has significantly upgraded processing capabilities to deliver 50% more performance than Raspberry Pi 2 and approximately ten times more than the original Raspberry Pi 1, allowing it to run even higher-end applications.

The board is based on the Broadcom BCM2837 SoC, which includes an ARM Cortex-A53 quad-core processor running at 1.2GHz, alongside a BCM43438 combo connectivity device, which provides 802.11b/g/n wireless LAN, Bluetooth Classic and Bluetooth Low Energy. BCM2837 integrates a dual-core VideoCore IV multimedia coprocessor, which provides the following:

  • 1.2Gpixels/s of fill rate, 1.8Gtexel/s of texturing rate
  • 29GFLOPs of shader compute throughput
  • OpenGL ES 1.1/2.0 support
  • 1080p60 hardware video decoding
  • 1080p30 hardware video encoding
  • A hardware image sensor pipeline

The Raspberry Pi 3 boots from a micro SD card and uses the NOOBS (New Out Of the Box Software) installation manager. The standard Raspbian operating system install comes bundled with a range of productivity applications, and programming tools including Node-RED; this visual tool provides support for wiring together hardware devices, APIs and online services, making the board ideal for the rapid development and prototyping of IoT projects.

Retaining the same footprint as previous Raspberry Pi incarnations — with its credit-card-sized dimensions of 85 x 56 x 17mm — the Raspberry Pi 3 Model B retains many of the same features and capabilities of the previous generation. These include: the extensive 40-pin GPIO (General Purpose Input Output) connector; four USB connector port; full-HD HDMI; 10/100 Ethernet; 3.5mm audio jack and composite video; camera (CSI-2) and display (DSI) interfaces; and micro-SD card slot. Power input to the board is via its micro-USB socket requiring an external, plug-in power supply unit (PSU).

“We are unveiling the third-generation Raspberry Pi four years to the day after the launch of the original Raspberry Pi board on February 29, 2012,” said Eben Upton, founder of Raspberry Pi. “It also marks the four-year anniversary of our highly successful relationship with RS and Allied, which have played a significant role in its success as leading and trusted sources of products, technologies and information for professional engineers, hobbyists and those looking to make their first steps into the work of programming.”

“Raspberry Pi has taken another important step in its evolution,” said Lindsley Ruth, Chief Executive Officer at Electrocomponents. “Based on the robust and well proven combination of hardware and software of the Raspberry Pi platform, this latest generation board delivers even more processing power together with embedded wireless connectivity, plus software to make it easy for businesses or individuals to develop applications for the Internet of Things. RS and Allied are honoured to once again embark upon another new chapter as a distribution partner for the Raspberry Pi Foundation.”

The new Raspberry Pi 3 offered by RS and Allied is manufactured exclusively in the UK under licence by the distributor. A Raspberry Pi 3 Compute Module I/O Board will also be available shortly from RS and Allied, enabling OEMs to develop their own Raspberry Pi 3 based solutions for many industrial applications.

About RS Components and Allied Electronics

RS Components and Allied Electronics are the trading brands of Electrocomponents plc, the global distributor for engineers. With operations in 32 countries, we offer more than 500,000 products through the internet, catalogues and at trade counters to over one million customers, shipping around 44,000 parcels a day. Our products, sourced from 2,500 leading suppliers, include electronic components, electrical, automation and control, and test and measurement equipment, and engineering tools and consumables.

Electrocomponents is listed on the London Stock Exchange and in the last financial year ended 31 March 2015had revenues of GBP1.27bn.

For more information, please visit the website at

RS Components
Tan Soo Chun
Public Relations Manager – Asia Pacific
Telephone: +65-6430-3324

Edelman Public Relations (Singapore)
Teoh Seet Heng
Telephone: +65-6347-2355

Further information is available via these links:

@RSElectronics; @alliedelec; @designsparkRS

RS Components on Linkedin

RS Components on Weibo

Relevant Links:

Electrocomponents plc

RS Components


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Source: RS Components Singapore

Related stocks: LSE:ECM OTC-PINK:EENEY

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Written by asiafreshnews

March 1, 2016 at 3:10 pm

Posted in Uncategorized

RMB stands fast as the second most active currency in Malaysia for payments with Mainland China and Hong Kong

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-SWIFT’s RMB Tracker shows the Renminbi holds a steady second place for payments between Malaysia and Mainland China/Hong Kong, while the US dollar continues to dominate the corridor

HONG KONG /PRNewswire/ — Recent SWIFT data shows thatMalaysia’s use of the RMB for payments with Mainland China and Hong Kong increased by 68% over the last 12 months and by 214% over the last three years. Since January 2013, the Chinese currency moved from position number three to position number two for payments by value, overtaking the Malaysian Ringgit.

“Despite volatility in China, and widely reported economic slowdown, the South-East Asian markets, such as Singapore, Thailand and Malaysia, have been enhancing RMB payment capabilities, including the establishment of RMB clearing centres. This growth reflects the extensive trading relationships between South-East Asia and China, which continues to be very important for the region,” says Michael Moon, Head of Payments,Asia-Pacific at SWIFT.

In January 2016, the RMB remains the fifth most active currency for global payments by value and accounted for 2.45% of global payments, a slight increase from 2.31% in December 2015. Its activity share is higher than last month even though RMB payments decreased by 5.7% in value, while at a global level, all currencies decreased by 11.2% in value over the same period.

RMB stands fast as the second most active currency in Malaysia for payments with Mainland China and Hong Kong
RMB stands fast as the second most active currency in Malaysia for payments with Mainland China and Hong Kong


RMB's share as an international payments currency
RMB’s share as an international payments currency

About SWIFT and RMB Internationalisation

Since 2010, SWIFT has actively supported its customers and the financial industry regarding RMB internationalisation through various publications and reports. Through its Business Intelligence Solutions team, SWIFT publishes key adoption statistics in the RMB Tracker, insights on the implications of RMB internationalisation, perspectives on RMB clearing and offshore clearing guidelines, supports bank’s commercial RMB product launches and provides in-depth analysis and business intelligence, as well as engaging with offshore clearing centres and the Chinese financial community to support the further internationalisation of the RMB.

The SWIFT network fully supports global RMB transactions, and its messaging services enable Chinese character transportation via Chinese Commercial Code (CCC) in FIN or via Chinese characters in MX (ISO 20022 messages). It offers a suite of dedicated RMB business intelligence products and services to support financial institutions and corporates. In addition, SWIFT collaborates with the community to publish the Offshore and Cross-Border RMB Best Practice Guidelines, which facilitate standardised RMB back office operations.

Please click here for more information about RMB Internationalisation or join our new ‘Business Intelligence Transaction Banking’ LinkedIn group.


SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,800 banking organisations, securities institutions and corporate customers in over 200 countries and territories. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.

For more information, visit or follow us on Twitter: @swiftcommunity and LinkedIn: SWIFT

+44 (0)20 7426 9400


SWIFT does not guarantee the fitness for purpose, completeness, or accuracy of the RMB Tracker, and reserves the right to rectify past RMB Tracker data. SWIFT provides the RMB Tracker on an ‘as is’ basis, and for information purposes only. As a mere informative publication, the RMB Tracker is not meant to provide any recommendation or advice. Any person consulting the RMB Tracker remains solely and fully responsible for all decisions based, in full or in part, on RMB Tracker data. SWIFT disclaims all liability regarding a person’s use of the RMB Tracker. The RMB Tracker is a SWIFT publication. SWIFT © 2016. All rights reserved.

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Source: SWIFT

Written by asiafreshnews

March 1, 2016 at 2:49 pm

Posted in Uncategorized

Trans Pacific Partnership To Be A Hot Topic At the Second Global Footwear Retail Conference

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HONG KONG /PRNewswire/ — As the countdown to the second edition of the Global Footwear Retail Conference (GFRC) to be held at the end of March starts, recent releases about the Trans Pacific Partnership (TPP) suggest cause for optimism in the footwear retail market.

2015 Global Footwear Retail Conference
2015 Global Footwear Retail Conference


Q&A session
Q&A session



The trade deal looks to facilitate investment between 12 countries across the Pacific Rim, which together account for about 40% of the global economy. For footwear, the deal begins to chip away at high tariff rates. One estimate by the Footwear Retailers and Distributors of America puts tariff savings as high as $450 million in the first year of the deal.

Apart from discussing global trade and the impact of the TPP, the GFRC will examine current consumer trends with a particular attention to Millennial fashion consumers and will study the newest developments in the realm of footwear ecommerce.

Now in its second year, GFRC is a leading global event that brings together executives and senior stakeholders from the footwear supply chain.

Last year it attracted over 100 key footwear retailers to Hong Kong to discuss critical issues facing the retail industry. The focus of 2015 was the two largest footwear markets – USA and China – with a combination of keynote lectures and panels discussions.

This year, with the introduction of the TPP deal and the advent of cross-border platforms in China, the GFRC promises to be even more eventful and informative.

So far, the organisers are delighted to announce the participation of the representatives of two major trade associations: Mr. Tommaso Cancellara, General Manager of the Italian Footwear Manufacturers’ Association and Mr.Claude Paquin, Vice President of the French Footwear Federation.

Keynote speaker Ms. Jayne Esteve Cure, Founder, Jayne Fashion Agency, will share her perspective on the millennial fashion consumer and the trends, such as mass customisation and one-to-one retailing, that are expected to kick off in 2016. Also on the panel about consumer trends, luxury product sourcing company and trend spotter Lambert + Associates have confirmed their participation too.

Represented by its Marketing Director, Ms. Carson LiuBelle International (China), the No. 1 woman’s shoe retailer inChina, will be one of a number of brand names in the footwear business to participate in the GFRC.

The 2016 edition of GRFC will be held alongside Fashion Access and APLF – Materials, Manufacturing and Technology 2016 on 31 March, 2016, from 10:00 to 13:00 at the Hong Kong Convention and Exhibition Centre. We are happy to announce that online registration for GFRC is now open. Sign-up for this half-day Conference and other onsite events here today.

For more information, please visit

Notes to Editors

About APLF Limited (
APLF Ltd is a joint venture between SIC Group and UBM Asia. For over two decades, Hong Kong-based APLF Ltd has been providing the global leather and fashion industries with its most important meeting and trading place.

About SIC Group (
SIC Group has been organising international professional events since 1926 for companies working in the leather sector. Its role is to support businesses in their development and offer them work platforms in areas of the world with high potential. With four shows organised each year, SIC Group and its partners can take advantages of expertise that is unique in the world.

About UBM Asia (
Owned by UBM plc listed on the London Stock Exchange, UBM Asia is the largest trade show organiser in Asia and the largest commercial organiser in China, India and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global presence in 24 major cities with 32 offices and 1,300 staff.

With a track record spanning over 30 years, UBM Asia operates in 19 market sectors with 230 events, 28 targeted trade publications, 18 round-the-clock online products for over 2,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world. We provide a one-stop diversified global service for high-value business matching, quality market news and online trading networks.

UBM Asia has extensive office networks in China, Southeast Asia and India, three of the world’s fastest growing B2B events markets. UBM China has 12 offices in the major cities in mainland China, including Beijing, Shanghai,Guangzhou, Hangzhou, Guzhen and Shenzhen, where we organise 90 events. In ASEAN, UBM Asia operates from its offices in Malaysia, Thailand, Indonesia, Singapore, Vietnam and the Philippines with 70 events in this region. UBM India teams in Mumbai, New Delhi, Bengaluru and Chennai organise over 20 events every year across the country.

UBM Asia was awarded ‘Asia’s Most Reliable Trade Show Organizer Award’ in Hong Kong’s Most Valuable Companies Awards (HKMVCA) 2016.

About UBM plc (

UBM plc is a leading global events-led marketing services and communications company. We help businesses do business, bringing the world’s buyers and sellers together at events, online and in print. Our 5,000 staff in more than 20 countries are organised into specialist teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently. Running over 300 events per year UBM is the second largest exhibitions organiser globally and the biggest commercial organiser in the US, mainland China, Indiaand Malaysia.

For more information, go to; follow us on Twitter at @UBM_plc to get the latest UBM corporate news; follow @UBM for news and updates from across the businesses and selected members of UBM’s Twitterati.

For fair details, please contact:
Ms Perrine Ardouin, Director

For media enquiries, please contact:
Ms Kennise Pang, Senior Marketing Communications Executive

APLF Limited
17/F China Resources Building,
26 Harbour Road, Wanchai, Hong Kong
Tel:    +852-2827-6211
Fax:   +852-3749-7346

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Source: UBM Asia

Written by asiafreshnews

March 1, 2016 at 2:35 pm

Posted in Uncategorized

Business Intelligence Vendor Yellowfin to Hold Australian 7.2 Launch Parties

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-Global Business Intelligence (BI) and analytics software vendor, Yellowfin, will hold two celebratory events in Melbourne and Sydney to mark the official launch of its latest BI platform, Yellowfin 7.2.

MELBOURNE, Australia /PRNewswire/ — Register for Yellowfin’s Sydney(Tuesday 15 March) and Melbourne (Thursday 17 March) events HERE:

Register for the global Webinar launch of Yellowfin 7.2 (Wednesday 16 March) HERE:

“Attendees to Yellowfin’s March roadshows in Sydney and Melbourne will be the first to see Yellowfin 7.2 fully launched and in the flesh,” said Yellowfin Managing Director for APAC, Martyn Reeves.  “So come and celebrate with us as we launch Yellowfin 7.2 — the broadest, most shareable BI platform on the planet. Discover a new way of connecting people and their data.”

Yellowfin technology partner, Volpara Solutions, will also deliver a use case presentation during the event. Volpara Solutions will outline how Yellowfin has been integrated into its breast imaging analytics product — to assist breast cancer detection, operator and machine monitoring and management, giving clinicians the information needed to deliver the best possible patient outcomes.

Yellowfin’s Australian launch events will enable attendees to:

  • Be amongst the first to see the full benefits of Yellowfin 7.2 in the flesh
  • Enjoy an excellent information sharing and networking opportunity with fellow BI enthusiasts
  • Learn from industry experts and Yellowfin use case presentations
  • Network with members of Yellowfin’s senior management team
  • Connect with local Yellowfin partners and users

The RSVP deadline for the roadshow, which includes drinks and hors d’oeuvres, is Friday 4 March.  For further details, contact

Attendees are encouraged to engage in the live Twitter conversation during the event under #YFlaunch or @YellowfinBI

To register for Yellowfin’s March launch events in Sydney and Melbourne, GO HERE:

About Yellowfin

Yellowfin is a global Business Intelligence (BI) and analytics software vendor passionate about making BI easy. Founded in 2003 in response to the complexity and costs associated with implementing and using traditional BI tools, Yellowfin is a highly intuitive 100 percent Web-based reporting and analytics solution. Yellowfin is a leader in mobile, embedded and collaborative BI, as well as Location Intelligence and data visualization.

Over 10,000 organizations, and more than 1.5 million end-users across 70 different countries, use Yellowfin every day. For more information, visit

For regular news and updates, follow Yellowfin on Twitter (@YellowfinBI), LinkedIn (Yellowfin Business Intelligence), YouTube (Yellowfin Team) or email to subscribe to Yellowfin’s free e-newsletter.

For further media information, interviews, images or product demonstration, please contact:

Lachlan James, Yellowfin Global Communications Manager on +61 (0)3 8617 4954, +61 (0)431 835 658

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Source: Yellowfin

Written by asiafreshnews

March 1, 2016 at 2:32 pm

Posted in Uncategorized

CLSA Ltd and Clearing Entity, SetClear Renew Long Term Contract with GBST

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SYDNEY  /PRNewswire/ — GBST Holdings Limited (ASX:GBT) a leading global provider of securities transaction and fund administration software for the financial services industry, today announces CLSA Ltd. (“CLSA”) enters into the second phase of a 12 year agreement for its global capital markets platform, GBST Syn~. CLSA and its clearing entity, SetClear Pte Ltd, will replace a number of legacy systems with GBST Syn~, increasing efficiencies whilst further decreasing the total cost of ownership of the platform. With GSBT’s expanded market connectivity capabilities, CLSA is well placed to further integrate its operations into global securities infrastructure.

CLSA is one of Asia’s leading and longest running brokerage and investment groups. As part of its initial operational transformation, it implemented the GBST Syn~ capital markets platform in 2008 to consolidate its existing back and middle office operations from seven platforms to the single, integrated GBST Syn~ system currently in use. GBST Syn~ is the primary processing system for CLSA Post-Trade Processing at its Global Operations Centre in Singaporeas well as London, New York and nine regional offices. It is used for securities processing, from affirmation to settlement and asset servicing.

Today, CLSA will benefit from GBST Syn~ international best practice standards to enable the platform’s ability to scale and meet growth requirements in an era of high volume, high frequency trading, whilst reducing operational and market risk.

Denis Orrock, Chief Executive, GBST Capital Markets said: “We are extremely proud of both the significant operational and cost efficiencies that GBST Syn~ has delivered for CLSA and that CLSA acknowledges the strength of our relationship with this extension of our global contract. It will be an exciting evolution as our scalable technologies continue to enable innovation and growth for bottom line benefits CLSA’s global operations.”

Note for Editors: Photograph of Denis Orrock available on request

About GBST –

GBST (ASX: GBT), provides global technology services to the financial services industry, addressing our clients’ constant needs for innovation, competitiveness and responsive IT that truly enables business. Listed on the Australian Securities Exchange, GBST is headquartered in Brisbane and has offices in Australia, United Kingdom, Hong Kongand Singapore.

Contacts: Denis Orrock, Chief Executive of GBST Capital Markets is quoted in this press release.
For further questions, please email

Source: GBST

Related stocks: Australia:GBT

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Written by asiafreshnews

March 1, 2016 at 2:29 pm

Posted in Uncategorized

UBM and Alibaba B2B Join Hands to Expand Trade Assurance to Overseas Suppliers at Malaysian International Furniture Fair 2016

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KUALA LUMPUR, Malaysia  /PRNewswire/ — The 2016 edition of the Malaysian International Furniture Fair (MIFF)  Southeast Asia’s biggest global furniture market  serves as the first pilot event between Alibaba B2B business unit and UBM in their strategic partnership to build the next generation of O2O sourcing experiences. Alibaba B2B’s participation at MIFF 2016 also marks the roll out of the Trade Assurance Program to suppliers outside of China  a program aiming to boost trust between buyers and sellers on cross-border trading and now Malaysian furniture and furnishing manufacturers through MIFF can also participate.

From (L) Ben Veechai, International Marketing Director of UBM Asia; M Gandhi, Managing Director- ASEAN Business, UBM Asia; Yi Qian, Director of Business Development for Alibaba B2B Business Unit; Dato’ Dr Tan Chin Huat, MIFF Chairman in the media briefing on 29 February 2016
From (L) Ben Veechai, International Marketing Director of UBM Asia; M Gandhi, Managing Director- ASEAN Business, UBM Asia; Yi Qian, Director of Business Development for Alibaba B2B Business Unit; Dato’ Dr Tan Chin Huat, MIFF Chairman in the media briefing on 29 February 2016


Yi Qian, Director of Business Development for Alibaba B2B Business Unit and M Gandhi, Managing Director- ASEAN Business, UBM Asia doing the demonstration at Alibaba and UBM booth at PWTC during MIFF 2016, 1-5 March.
Yi Qian, Director of Business Development for Alibaba B2B Business Unit and M Gandhi, Managing Director- ASEAN Business, UBM Asia doing the demonstration at Alibaba and UBM booth at PWTC during MIFF 2016, 1-5 March.



MIFF 2016 is the first UBM and Alibaba B2B Premier Partner Event selected in the pilot program of the O2O collaboration. For MIFF 2016, Alibaba B2B has created for the first time a specialty membership program which allows international suppliers to enjoy the privileges of the Trade Assurance program. Within this program, buyers through the platform can gain protection coverage starting at US$40,000 from selected MIFF exhibitors should these exhibitors/suppliers fail to meet product quality or shipment time. MIFF exhibitors in return, gain additional benefits of reliability and expand buyer reach by becoming Trade Assured members.

“It is an exciting time for Alibaba B2B working with UBM and in particular with the MIFF pilot program,” says Yi Qian, Director of Business Development for Alibaba B2B Business Unit. “Through this partnership we are able to expand the Trade Assurance program to suppliers outside of China. The program helps to enhance trust between buyers and sellers through visualizing the creditability of participating suppliers, and offering assurance for buyers when problems related to product quality and shipments occur.”

“Working with Alibaba B2B at MIFF as UBM’s first pilot program has proved itself tremendously valuable,” says M. Gandhi, Managing Director of ASEAN Business UBM Asia. “On one hand, MIFF acts as the conduit to help bring’s Trade Assurance program to overseas suppliers and on the other hand we are able to provide truly added value for MIFF exhibitors and buyers.”

All attendees to MIFF 2016 can learn more about the UBM and Alibaba B2B collaboration directly onsite at the two parties’ main stage booth located on level 2 of PWTC. Events at the booth include upcoming UBM and Alibaba Premier Partner Events as well as developments of the O2O Solution debuting in July of this year. Manufacturers and furniture trade buyers can learn more about the benefits of’s Trade Assurance program directly from Alibaba and UBM staff onsite as well as through open seminars covering topics such asReaching overseas buyers on and 7 Practical Tips for Starting your Sourcing Journey.  Interactive “smart glass” visualization of Trade Assurance benefits will also entertain and educate visitors.

For more information about MIFF 2016 including the Alibaba B2B collaboration, MIFF 2016’s lineup of 500+ exhibitors, and the MIFF Furniture Design Competition, please visit

About MIFF (

Malaysian International Furniture Fair (MIFF) is an export-oriented furniture trade show held annually in Kuala Lumpur, Malaysia. It is also a global leading trade show approved by UFI, The Global Association for Exhibition Industry. Since 1995, MIFF has nurtured invaluable partnerships between thousands of buyers and furniture makers across the globe.


The first business of Alibaba Group, ( is the leading platform for global wholesale trade serving millions of buyers and suppliers around the world. Through, small businesses can sell their products to companies in other countries. Sellers on are typically manufacturers and distributors based in China and other manufacturing countries such as India, Pakistan, the United States andThailand.

About UBM plc (

Listed on the London Stock Exchange, UBM plc is a leading global events-led marketing services and communications company. UBM helps businesses do business, bringing the world’s buyers and sellers together at events, online and in print. 5,000 staff located in more than 20 countries are organised into specialist teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently. Running over 400 events per year UBM is the second largest exhibitions organiser globally and the biggest commercial tradeshow organiser in the US, mainland China, India and Malaysia.

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Source: UBM Asia (Malaysia)

Written by asiafreshnews

March 1, 2016 at 12:26 pm

Posted in Uncategorized

Virtual Interactions ‘As Good as Being There’ for Nearly a Quarter of Online Consumers

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NUREMBERG, Germany  /PRNewswire/ — Internationally, 23 percent of online consumers say virtual interactions can be as good as being there in person.

GfK has published findings from a 22-country survey showing that just under a quarter (23 percent) of online consumers agree[1] that virtual interactions with people and places can be as good as being there in person. This compares to just 15 percent who disagree[1].

Opportunities for virtual interactions are increasingly common in daily life – whether its video-conferencing at work, ‘face-timing’ via a smartphone, instant text chat via Facebook or WhatsApp etc, or even exploring cities and venues such as restaurants or museums using Google Street view or 3D-Panorama. But are these interactions as good as being there in person?

Agreement that virtual interactions can be as good as real life peaks with those aged 20-29 and 30-39, with 28 percent and 27 percent respectively agreeing. This puts them comfortably ahead of teenagers, who are the next most ‘virtually minded’ generation, at 22 percent.

Unsurprisingly, agreement falls off rapidly amongst older generations. One in five (20 percent) of 50-59 year olds disagree that virtual interactions can be as good as in-person contact, compared to just 15 percent voting the opposite way. And, for those aged 60 and over, almost a third (27 percent) disagree versus just one in ten (11 percent) who agree.

Brazil and Turkey are most vitually minded; Germany and Sweden are least

Brazil and Turkey top the list for online consumers who believe virtual interactions can be as good as being there in person, with a third (34 percent) in each country claiming this. They are followed by Mexico (28 percent), China(27 percent) and Russia (24 percent).

The other end of the scale is lead by Germany, with nearly a third (32 percent) of online consumers there disagreeing that virtual can be as good as in-person interactions. They are followed by Sweden at 29 percent, and then two ‘tied’ results: the Czech Republic and Belgium at just over a quarter (26 percent) and the Netherlands and UK at just under a quarter (23 percent).

These findings have applications for almost all businesses. Whether it’s using augmented reality to enhance marketing and advertising or embracing video conferencing to bring down travel costs for meetings – knowing which markets and consumer segments are most open to virtual interactions is an essential starting point.

To download the full 22-country findings, visit

“Virtual interactions can be as good as being there in person”

Countries with highest

Countries with highest

agreement (top 2 boxes)

disagreement (bottom 2 boxes)











Czech Republic














Source: GfK

[1]Top two / bottom two box responses from a 7-point scale where “1” means “disagree strongly” and “7” means “agree strongly”

Press contacts, Global PR

Amanda Martin

Stefan Gerhardt

Source: GfK
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Written by asiafreshnews

March 1, 2016 at 9:43 am

Posted in Uncategorized