Technology

Yeahka Announces 2024 Interim Results

Published

4 months ago

August 28, 2024

Strengthened Commercialization across Payments and Digital Commerce Ecosystem
Remarkable Overseas Expansion Progress
Wider AI Technology Application

HONG KONG, Aug. 28, 2024 /PRNewswire/ — Yeahka Limited (“Yeahka” or the “Company,” Stock Code: 9923.HK), a leading payment and digital commerce technology platform in China, is pleased to announce its interim results for the six months ended June 30, 2024 (the “Reporting Period” or the “first half”).

Business and Financial Summary

Our one-stop payment services continue to lead the industry and our market-leading position in app-based payments is solidified, with peak daily transaction counts reaching nearly 60 million;Against the backdrop of the high base in the same period last year and macroeconomic volatility, our gross payment volume (GPV) for the six months ended June 30, 2024 was RMB1,166.2 billion, representing a decrease of 17.8% compared to the same period in 2023;Commercialization capability was solid with our payments fee rate maintaining at 12.3 basis points (bps);Revenue for the six months ended June 30, 2024 was RMB1,577.7 million, representing a decrease of 23.5% from the same period in 2023;Revenue contribution from non-payment digital commerce services, comprising merchant solutions and in-store e-commerce services, continue to increase, with their percentage to total revenue increasing from 11.0% for the six months ended June 30, 2023 to 14.6% for the same period in 2024;Overall gross profit margin increased from 17.7% for the six months ended June 30, 2023 to 19.0% for the same period in 2024;Gross profit contribution from non-payment digital commerce services continue to increase, with their percentage to total gross profit increasing from 52.6% for the six months ended June 30, 2023 to 69.1% for the same period in 2024;Driven by our wider application of artificial intelligence, selling and administrative expenses decreased by 11.2% for the six months ended June 30, 2024 compared to the same period in 2023;Finance costs reduced by 6.2% for the six months ended June 30, 2024 compared to the same period in 2023;Profit for the Period amounted to RMB32.6 million for the six months ended June 30, 2024, exceeding the amount for the full year of 2023; andGearing ratio decreased to 41.1% as at June 30, 2024 on the back of the Company’s early repurchase of its convertible bonds using its internal cash flow.

Mr. Luke Liu, Chairman of the Board and Chief Executive Officer, said, “Amid the macroeconomic volatility in the first half of 2024, we remain steadfast to our long-term vision being an all-rounded commerce enablement services provider to merchants. We made more progress increasing synergies beyond payments into other business lines, more international expansion and wider application of AI. We believe this provides higher quality of bases to seize many opportunities in the longer game and to deliver sustainable profits and value to our stakeholders. We made great strides overseas winning over 200 global brands covering more than 20,000 stores. Our investment company, Fushi, also offers proprietary and localized merchant solutions that satisfy demands from world-renowned customers. It is ramping up its products & verticals coverage. Overseas markets, especially developed ones, have many pockets with attractive economics and relatively high willingness to pay. This paves the way for a very wide channel of profits to come. On AI and technology, we also further integrated large language models for both revenue-generating and cost-optimizing purposes. Our new products helped merchants automate price setting to optimize monetization. We empowered them with precise marketing and automatic content generation tools to raise sales conversion. We also applied to our own customers servicing system, thereby meaningfully driving down our selling and administrative expenses. Our ESG efforts were also recognized internationally, for instance, in S&P Global’s 2024 Sustainability Yearbook and ranked first in our industry in China. Our business uplifts underserved merchants and consumers in communities locally and abroad. In this year’s first half, we increased energy usage utilization rate by 7% through constructing green data centers and treated 12 million risky transactions with wider adoption of AI.”

Mr. Vincent Chan, General Manager of Capital Markets, added, “We upped both our non-payment services’ commercialization and share of revenue and profit contribution. This makes our service offerings even more comprehensive and resilient than before. These non-payment businesses also enhanced their profit margins year over year. We also significantly increased sales efficiencies in our in-store e-commerce services and there is a visible pathway to run-rate profitability in the second half and sustainable growth in the years to come for this business. We also advanced our one-stop payment services’ business model with wider regions covered in underserved markets, further diversified & resilient sets of verticals penetrated, more profitable customer segments served and broader customer acquisition channels through deeper collaboration with strategic partners. We served more large-and-medium-sized merchants leveraging the network and partnerships with over 5,000 SaaS providers and over a hundred of banks as we scaled our product and region coverage. Our one-stop offerings of payments plus other commerce enablement services also gave us a unique edge in digitizing for and satisfying the various demands of large-and-medium-sized merchants. We therefore maintain our market leadership with a strengthened foundation. Our proposition has always been to leverage our extensive payments platform to fully digitize merchants all around their commerce. Such full-suite technology remains our edge over others in being more agile scaling up. And now is increasingly about “Going global”, as we play a more important role in the global journey of digitization.”

Outlook

Mr. Luke Liu concluded, “We are committed to being the go-to commerce enablement services provider for merchants. Whilst maintaining our established market leadership in the one-stop payment services segment. We strive to continue accelerating the growth and profit contribution of other services including merchant solutions and in-store e-commerce services as we upgrade our intrinsically synergistic business model. We have a strong foundation underscored by technical set-up, merchants servicing insights and business network domestically and beyond to further our progress in international expansion into attractive segments and widespread application of AI tools for both commercialization and efficiency purposes. By being steadfast to our vision and business model upheld for over a decade, such strategies will build a natural moat against further externalities whilst equipping us with early mover advantage capturing emerging opportunities on a much wider scale in the long-term.”

About YEAHKA LIMITED (Stock Code: 9923.HK)

Yeahka is a leading payment-based technology platform empowering businesses, dedicated to creating value for merchants and consumers. We are committed to expanding an independent digital commerce ecosystem by (i) providing seamless, convenient, and reliable payment service to merchants and consumers through our one-stop payment service business, (ii) enabling merchants to better manage and drive business growth through our merchant solutions business, and (iii) offering consumers high-value local lifestyle services through our in-store e-commerce service business.

For more information, please visit https://www.yeahka.com/

Investor and media inquiries, please contact:

Yeahka Limited
IR Team
E-mail: ir@yeahka.com

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SOURCE Yeahka

Technology

Yaber Achieves 100% YOY Sales Growth during Black Friday and Gears Up for CES 2025

Published

45 minutes ago

December 27, 2024

LAS VEGAS, Dec. 27, 2024 /PRNewswire/ — Yaber reported a remarkable 100% year-over-year sales surge during Black Friday. The T2 outdoor projector, featuring a built-in battery and handle-to-stand design, ranked among Amazon’s Top 3 “Most Wished For” list. Meanwhile, the L2s projectors, available in exclusive Pantone colors, sold out shortly after launch.

Yaber T2 projector is currently available at Christmas sale on Amazon and the official Yaber website. Meanwhile, pre-orders for the L2s projectors in exclusive Pantone colors will reopen in mid-January 2025.

This year, Yaber further expanded its global retail presence, debuting at the iconic Selfridges in the UK and securing placements in MediaMarkt across EMEA, Canada’s London Drugs, Saudi Arabia’s EXTRA, Belgium’s FNAC, Greece’s PUBLIC, Czech Republic’s Datart, Japan’s Bic Camera and Yodobaxi, and Malaysia’s premier IOI City Mall and Plaza Low Yat.

Looking ahead, Yaber is set to unveil its first ultra-short-throw laser projector and a new Keith Haring-inspired entry-level model at CES 2025. The launch event will take place at 4:00 PM PST, January 6, 2025 at Caesars Palace, Las Vegas. Visit Yaber’s booth in South Hall 1-30808 at Las Vegas Convention and World Trade Center (LVCC) from January 7-10 to discover more.

About Yaber

Founded in 2018, Yaber redefined home entertainment by introducing the world’s first entertainment projector, pioneering a new category in the industry. Today, its innovative projectors have delivered immersive experiences to users in over 120 countries, making Yaber a trusted name in global home entertainment.

The letter “Y” in Yaber embodies the youthful vigor and innovative spirit of Generation Y. It’s not just a symbol, but a unique representation of youth identity and attitude towards life, infusing the brand with rich cultural connotations of youthfulness within simplicity.

Committed to excellence, Yaber has been pushing the boundaries of audiovisual innovation, crafting projectors that inspire richer, more vibrant lifestyles. Its achievements are recognised with prestigious accolades, including the Red Dot, IDEA, VGP, and CES Innovation Awards.

SOURCE Yaber Technologies Co., Ltd

Technology

Bybit Web3 Wallet Integrates Tonstakers: The First of Its TON Staking Offerings to Expand DeFi Opportunities

Published

45 minutes ago

December 27, 2024

DUBAI, UAE, Dec. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange,is excited to announce the integration of Tonstakers, the leading liquid staking protocol on the TON blockchain, into its Web3 Wallet. This marks the first of Bybit Web3’s TON staking offerings, reinforcing its commitment to expanding decentralized finance (DeFi) opportunities for its users.

With this integration, Bybit Web3 Wallet users can now seamlessly stake Toncoin ($TON) and receive $tsTON (Tonstakers LST) in return. The value of $tsTON increases relative to $TON every 26 hours, ensuring competitive rewards while contributing to the growth and success of the TON ecosystem. The integration also opens the door for 130 million users in the TON ecosystem to access TON staking directly within the Bybit Web3 Wallet.

Bybit is dedicated to simplifying DeFi adoption by providing intuitive and user-friendly staking experiences. This milestone partnership with Tonstakers enables users to unlock annual returns estimated between 3% and 5% APY, with rewards automatically compounded, further cementing Bybit’s role as a leader in DeFi accessibility.

Why Tonstakers Matters: The First of Its Kind
Tonstakers is the inaugural partner in Bybit Web3’s TON staking initiative, setting a new standard for staking services. With a total value locked (TVL) exceeding $260 million and a significant market share in the liquid-staked TON sector, Tonstakers offers Bybit Web3 Wallet users unparalleled access to TON staking benefits:

Effortless Staking: Securely stake $TON with ease, thanks to the user-friendly interface within the Bybit Web3 Wallet.Earn $tsTON Rewards: Receive tokenized staked Toncoin ($tsTON), which can be leveraged within DeFi applications across the TON ecosystem.Explore DeFi Liquidity: Engage with Tonstakers Earn to provide liquidity using $tsTON, unlocking diverse earning opportunities.

“Bybit Web3 is proud to deepen our integration with the TON blockchain, a crucial step in our mission to foster a thriving and interconnected Web3 ecosystem,” said Emily Bao, Head of Bybit Web3. “This integration empowers our users with seamless and trusted access to TON liquid staking pools and unlocks valuable earning opportunities. As a strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3, creating simple, easy, and accessible solutions that bring the benefits of decentralized finance to a wider audience. We believe this integration will significantly contribute to the growth and success of the TON ecosystem.”

Start Staking Today To begin staking your $TON and earning with $tsTON, visit https://www.bybit.com/en/web3/staking and discover the power of Bybit Web3 Wallet’s integration with Tonstakers. Bybit Web3 Wallet currently supports a wide range of staking services beyond TON tokens, including ETH, USDT, USDC, bbSOL, SUI, and more.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit Web3, please visit Bybit Web3.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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SOURCE Bybit

Technology

Youth Square “YS School Cultural Festival 2024” Winter Edition

Published

45 minutes ago

December 27, 2024

Exhibition of Three Major Popular Anime, with Over Forty Youth Performers and Local Creative Units
Helping Young People Unleash Their Potential

HONG KONG, Dec. 27, 2024 /PRNewswire/ — The theme of this year’s youthfest@HK is “Nurture Positive Thinking”, “Promote Innovation” and “Inspire Creativity”. As one of the highlights of the festival, “YS School Cultural Festival 2024” adopts the theme “Plus Ultra: Beyond PB Limits”, encouraging young people to push their own limits in every opportunity and challenge, striving to achieve new personal best. “YS School Cultural Festival 2024” comprises the Summer and Winter edition, offering a multitude of diverse and enriching experiences to participants. Following the summer’s excitement from the Paris Olympics, “YS School Cultural Festival 2024” brought everyone thrilling basketball competitions and various sports experiences. The Winter edition kicked off on December 9 at Youth Square, featuring a series of exciting programmes for young people to share and exchange their passion and insights on anime, cosplay, and idol groups.

One of the highlight events of “YS School Cultural Festival 2024” Winter Edition is “Doujin Fan Fest 2024”, which was held on December 14–15, 2024, at the Y Theatre, 2/F, Youth Square. This two-day anime extravaganza brought together over 20 popular idol and cosplay groups and performers to showcase their talents and energy. Additionally, more than 20 local groups showcased their incredible creativity in the Market, offering a wide array of originally-created items and idols and anime related products. “Doujin Fan Fest 2024” also offered numerous workshops, including Hanfu makeup and styling experiences, cosplay wig styling and hair accessory design, providing participants with hands-on opportunities to explore their interest and potential.

“Doujin Fan Fest 2024” Empowers Youth to Showcase Talents and Unlock Potential

Participants of “Doujin Fan Fest 2024” shared that they gained a lot from the event, with many describing it as a highly rewarding experience. Popular idol Una expressed that the vibrant atmosphere of the festival made a lasting impression on her. She praised that the event provided her a platform to showcase her individuality and share her passion for stage performances and singing with fellow enthusiasts. Meanwhile, Bibi, the instructor of the Cosplay Wig Styling Workshop, revealed that this was her first time hosting a workshop. She was inspired by the strong eagerness to learn displayed by the participants, which led her to consider developing advanced courses or creating tutorial videos. Her goal was to provide and share more learning resources about Cosplay wig styling.

Promoting Chinese Culture through the “Hanfu Makeup and Styling Experience Workshop”

Another key highlight of ” Doujin Fan Fest 2024″ was the “Hanfu Makeup and Styling Experience Workshop”, where participants learned Hanfu makeup techniques, classic bun hairstyles, and even had the chance to try on Hanfu outfits to create their own personalized looks. The workshop was highly popular among youngsters.

The workshop instructor, Bing-gan, emphasized the importance of promoting Hanfu culture, explaining that it helps young people deepen their understanding of Chinese history and the cultural significance behind Hanfu. For example, the central seam of the garment symbolizes the Confucian concept of the “Doctrine of the Mean,” carrying profound meaning. Bing-gan stated, “I hope students can use Hanfu as a gateway to explore Chinese culture, including its history, philosophy, aesthetics and experience the richness of Chinese heritage.” One of the participants, Joyce, shared her excitement, “this workshop taught me advanced makeup techniques and Hanfu hairstyle designs that are rarely offered elsewhere. I also learned that Hanfu comes in so many styles and has such diverse and beautiful designs!”

Another highlight of the “YS School Cultural Festival 2024” Winter Edition is “Ani-com Fantasy 2024”. It features the “Anime Exhibition” at the Y Exhibition Platform, 1/F, Youth Square, as well as in the public space on the 5th and 6th floors. The exhibition showcases instagrammable “check-in” hotspots on three popular anime, “Haikyuu!!”, “Kuroko’s Basketball” and “Mashle: Magic and Muscles”. An interactive basketball game area allows participants to become basketball players and showcase their shooting skills. Additionally, on December 13, 2024, a free anime screening was held, allowing anime fans to revisit classic films “Haikyuu!! The Movie: Talent and Feelings” and “Haikyuu!! The Movie: Battle of Concepts”, indulging themselves in the world of anime.

Please download high resolution photos here.

Youth Square

Youth Square is a government venue and a youth development initiative launched by the Home and Youth Affairs Bureau. Facilities include the 643-seat Y Theatre, Y Studio, Y Platform, multipurpose area, office, retail shop and the Y Loft which has 148 guest rooms. Youth Square aims to be the hub of territory-wide youth development activities for youth to develop their potential. Youth Square has been conducting events under various themes, including music, dance, arts and culture.

6G model is Youth Square’s guiding principle. 6G refers to Groom, Growth, Glow, Green, Global Vision and Give Back.

Official website: http://www.youthsquare.hk

Y Loft

Y Loft is conveniently located, 3-minute walk from Chai Wan MTR Station. The 148-room Y Loft is located in Youth Square’s Main Block and Hostel Block. Room selection includes Twin, Twin Room with Balcony, Triple, House of Six, Duplex and Accessible Rooms. Accessible Rooms, with widened corridor and more space, are designed to deliver the same comfort and peace of mind to visitors with disabilities.

View original content:https://www.prnewswire.com/apac/news-releases/youth-square-ys-school-cultural-festival-2024-winter-edition-302339589.html

SOURCE Youth Square, Y Loft, New World Facilities Management Company Limited