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Kamet Capital Accelerates Growth with Transformative Investments Uniquely Sourced and Accessed Through Founders Network

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SINGAPORE, Sept. 10, 2024 /PRNewswire/ — Kamet Capital (“Kamet”), a leading multi-single-family office headquartered in Singapore, has revolutionised its private investments selection by leveraging deeply on its extensive Founders Network, roots as a family office, large GP network, and access to individuals with deep industry expertise.

Since 2018, Kamet has meticulously curated a selective portfolio of over 20 hard-to-access private deals. Despite a harsh private investment winter over the last two years that affected valuations and proved challenging for fund-raising and exits, Kamet’s investments yielded returns of up to 8x, with an impressive 70% exit rate within just six years.

The Kamet Edge: The Founders Network

Kamet’s investment formula for private investment is “Deep Insights, Access to Deals, Ability to Invest”. At the heart of Kamet’s success lies the Founders Network, an exclusive alliance of industry titans that do not just open doors – they create them. By melding deep sector knowledge, expertise, and extensive business connections, the Founders Network has greatly enhanced Kamet’s ability to source unique deals and secure preferential access to high-impact investments. Beyond capital, the Founders Network provides mentorship and strategic guidance to promising start-ups, positioning them for growth and market leadership.

In addition to this unique access via the Founders Network, Kamet’s investment philosophy centres on a deep understanding of business models, securing preferential access to company information via board seats and leadership on the cap table and closing transactions quickly and precisely.

Global Impact, Local Expertise

Focused on high-growth sectors across North America, China, and Southeast Asia (SEA), Kamet looks to invest in disruptors who can be future global champions in the tech, healthcare, and consumer sectors. By leveraging deep local knowledge and international trends, Kamet seeks to identify disruptive technologies and opportunities others overlook, with a proven track record of backing future market leaders. With a preference for investing in tech-enabled businesses established by founders and platforms or with major investors from technology backgrounds, Kamet looks to invest in companies and shape tomorrow’s industries. From their investments into China’s largest online recruitment platform to SEA’s digital health pioneers and North America’s cloud revolution, Kamet’s investments are redrawing the innovation map across continents.

Technology:

China’s Online Recruitment Star: Kanzhun Limited (BOSS Zhipin) [Deal exited via IPO]

Kamet invested in Kanzhun Limited, creator of the BOSS Zhipin platform, China’s largest online recruitment platform. Focused on simplifying the online job search with its proprietary software and its AI (Artificial Intelligence) enabled insights, Kanzhun’s services would be critical in the reflation and recovery of China’s economy.   

US Disruptor: Pax8’s Meteoric Rise

Revolutionising the Managed Service Provider (MSP) space through AI capabilities and SaaS, Pax8 facilitates a seamless outreach for small- and medium-sized businesses to catch up with new technology trends while strengthening vendor relationships with enterprise software giants.

Healthcare:

SEA Healthcare Champion: Doctor Anywhere

One of Kamet’s standout investments in the region, Doctor Anywhere (DA), capitalised on the growing demand for healthcare solutions in a rapidly evolving region. Kamet was the earliest investor in DA and provided significant mentorship via its Founders Network to DA’s board and founder. Over the last six years, Kamet witnessed the financial growth of the company and followed through on six more follow-on investment funding rounds, with many other institutional partners now brought onto the cap table.  

India’s Trophy Dialysis Provider: Nephroplus [Deal exited via primary and secondary sale]

Kamet invested in Nephroplus after thorough due diligence and assessment of India’s local macroeconomic environment, significant demand for dialysis treatment in the region, an already established footprint from the company, and strong financial support from a GP that Kamet partners with. Despite a significant correction in India’s PE space (with 2023 deal counts way below 2020 levels, smaller cheque sizes for individual deals, and deal values falling by 35% from 2022 to 2023), Kamet was able to exit with a strong multiple on its only investment in India. It underscores Kamet’s capabilities in deal selection and gaining deal access.

 Consumer:

A Hidden Gem Unveiled: J&T Express’ Remarkable Journey [Deal exited via IPO]

Kamet invested in this global logistics service provider business at an opportune time when e-commerce businesses were taking off in SEA. While most investors then were negative about a China-gene logistic start-up in Indonesia, Kamet was identified this unique opportunity through their deep local knowledge in both China and SEA. Their early investment in J&T Express paid off when the firm went public on the Hong Kong Stock Exchange in October 2023 (the second-largest IPO on HKSE since 2022).

Next Generation’s Jewel: KKV

A popular lifestyle store from China that has successfully expanded into the shores of SEA (Indonesia, Malaysia) in an explosive wave, KKV has redefined the retail platform bridging next-generation new consumers with new speciality brands. Through experiential shopping experiences facilitated through tech-driven operations and inventory management, KKV has proven its ability to scale further through new store expansions within China and overseas.

Charting the Future of Investments

As Kamet continues to push the boundaries of strategic investment, the firm remains committed to identifying the next wave of transformative technologies and business models. With its finger on the pulse of innovation across three dynamic regions, Kamet has set its sights on shaping the future of industries ranging from healthcare and logistics to cloud computing and beyond.

“At Kamet, we don’t just invest in companies – we invest in the future,” declares Kerry Goh, Kamet Capital’s Founder, CEO and CIO. “Our global perspective, coupled with our deep local insights, allows us to spot and nurture the disruptors of tomorrow. We’re not content with following trends; we aim to create them.”

To learn more about how Kamet Capital is reshaping the investment landscape and to explore potential partnerships, visit https://kametcapital.com/

About Kamet Capital

Kamet Capital is a leading wealth management firm headquartered in Singapore, pioneering the multi-single-family office model in Asia. Founded in 2017, Kamet Capital is dedicated to serving ultra-high-net-worth families and individuals with a comprehensive suite of services that include investment management, wealth planning, international mobility solutions, household management, administrative support, and philanthropy. Our innovative approach combines the personalised attention of a single-family office with the robust capabilities and efficiencies of a multi-family office to cater to the dynamic needs of affluent families and founders across Asia. With a commitment to excellence and innovation, Kamet Capital continues to shape the future of the family office sector, providing unparalleled support and strategic solutions to ensure the prosperity and growth of our clients’ legacies.

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SOURCE Kamet Capital

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On Track for A Low Carbon Future: CRRC to Unveil Passenger and Freight Rail Transit and Full Life-Cycle System Solutions at InnoTrans 2024

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BERLIN, Sept. 22, 2024 /PRNewswire/ — Under the theme of On Track for A Low Carbon Future, CRRC Corporation Limited (“CRRC”, SHA: 601766) will display its line-up of passenger and freight transportation offerings, alongside full life-cycle system solutions, at InnoTrans 2024 in Berlin, Germany. Highlighting the event, two innovative, eco-friendly, and intelligent trains will make their world premiere: the CINOVA H2 New Energy Intelligent Intercity Train and the Autonomous Rail Rapid Transit (ART) 2.0, at Stand 210, Hall 4.2 of the venue.

Green Intelligent Passenger Transport Solutions

CRRC will showcase its environmentally responsible and intelligent passenger transport solutions, which include the Intelligent EMU, Intercity/Regional EMU, Intelligent Urban Rail Transit, and New Energy Passenger Transportation. These offerings cater to every speed level and application scenario, envisioning a future of passenger transport that is faster, greener, smarter, and more cost-effective.

The exhibition will highlight standout products that are redefining passenger mobility, including the 350 km/h High-Speed Intelligent EMU, the CINOVA 2.0 New Intelligent Intercity/Regional EMU, the 160 km/h Hydrogen Full-Automatic Intelligent Regional Train, and the Autonomous Rail Rapid Transit (ART).

Diversified Freight Transport Solutions

CRRC introduce a wide range of heavy-duty, fast, and environmentally responsible solutions during the event. To address the growing demand for higher freight capacity, CRRC plans to unveil several new products, among them, the 24-axle Freight Electric Locomotive and the 45-ton Axle Load Ore Car. The 350 km/h High-Speed Freight EMU, the fastest and the most spacious in the industry, will be a focal point. In line with the global push for green transportation, CRRC will launch its serialized new energy locomotives, including the diesel-battery hybrid locomotive, the power battery locomotive, and the hydrogen-battery hybrid locomotive, with power levels from 1000KW to 2000KW. The diversified solutions offer more choices for the global railway freight industry.

Full Life-Cycle System Solutions

CRRC will showcase its expertise beyond just train units with the Train-Ground Integrated Electromechanical System (TIES), a game-changer that centers on the vehicle and incorporates all related operating scenarios. The system reconstructs, integrates, and optimizes the electromechanical system for power supply, signaling, track, depot and passenger service scenarios. It exemplifies the Train-Ground Integration concept, driving overall efficiency gains across disciplines and throughout the entire vehicle-road-station-depot lifecycle.

Focusing on user experience and the diverse needs of the global rail transit market, CRRC will give a detailed presentation on its Digital Life-Cycle System Solution (DLS) at the event. The flexible solution accommodates various city sizes and populations through tailored system designs that support diverse business models such as PPP (public-private partnership), system integration, and electro-mechanical turnkey projects.

For more information about CRRC at the exhibition, please visit https://www.crrcgc.cc/en/.

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SOURCE CRRC Corporation Limited

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Reshaping Future Lifestyles: Markor Unveils AI Strategy at the Apsara Conference

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BEIJING, Sept. 21, 2024 /PRNewswire/ — On September 19, the 2024 China Apsara Conference, a major annual event for the Chinese cloud computing industry, commenced in Hangzhou. Over three days, industry representatives, media professionals, and numerous AI technology enthusiasts gathered to witness the event’s grandeur.

This year’s summit, themed “AI on Cloud: Recharging• Innovating • Transforming,” spotlighted the evolution of cloud computing across various sectors in the AI era, presenting the world’s largest showcase of generative AI applications. Industry giants including NVIDIA, Intel, Alibaba Cloud, and Tesla were in attendance. Markor distinguished itself as the sole home furnishing company represented at the summit, presenting its cutting-edge “AI Smart Home” system, which introduced a new era of AI-driven home consumption experiences, attracting significant attention.

Live at the Scene: Markor’s AI Smart Home Takes a Giant Leap Forward

From its transition to new retail in recent years to its embrace of AI, the home furnishing industry’s exploration and implementation of AI have drawn immense attention. It has been recognized as a long-term strategy that will influence the future of urban living and people’s quality of life.
In 2023, dubbed the first year of AI in China, Markor led the industry by launching its AI-powered home application, “AI Smart Home.” This program integrates cutting-edge AI model technology with a curated selection of best-selling products, offering features such as a home knowledge encyclopedia, lifestyle analysis and recommendations, design style suggestions, furniture recommendations, and one-click product replacements, providing users with 24/7 intelligent home design and easy home setup solutions.

The AI Smart Home system revolutionizes traditional home setup processes, enabling users to enjoy services conveniently via mobile devices. At the summit, Markor provided live demonstrations of the AI Smart Home system, with an interactive area for hands-on experiences. The system’s ease of use, wide range of style options, instant results, one-click sharing, and seamless purchasing capabilities ushered in a new era, allowing attendees to transition from imagining AI-powered home setups to instantly experiencing full-room services. The audience was left impressed and full of praise.

As the world’s first AI multimodal model for professional interior design, and the only AI application to incorporate a large language model in home furnishing retail, the AI Smart Home offers flexible and dynamic solutions that go beyond pre-existing layout-generated designs. It represents a groundbreaking leap in the home industry, emerging as a leading tool that reshapes service ecosystems.

Open, Shared, and Collaborative AI Business Achievements Define AI’s Sustainable Future

As a traditional home furnishing retailer closely tied to people’s daily lives, the success of AI Smart Home is no coincidence. Markor’s global strategy and presence ensure that the brand remains open and internationally competitive. Whether through prestigious awards or its global manufacturing footprint, each leap in innovation is supported by its competitive edge.
Since the beta launch of AI Smart Home by Markor Furnishings, a home furnishing brand under Markor, it has recorded over 50,000 page visits in a short time, with tens of thousands of users generating sales orders worth tens of millions of yuan. This achievement has boosted confidence in the traditional industry’s digital transformation.
A representative of Markor at the summit stated, “AI represents openness, and Markor has always embraced the times through an open ecosystem to meet users’ needs. With over 20 years of accumulated lifestyle experience, we aim to extend the reach of quality living experiences through AI interaction and expansion. The true sustainable future of AI lies in achieving shared success among users, brands, and technology platforms.”

It is evident that Markor is not simply focused on app development; it is committed to a long-term strategy that builds AI-driven lifestyles and reshapes business models. By creating personalized shopping experiences and innovating marketing models that cater to new consumer demands, Markor’s AI-based tools like “AI Xiaomei” and “AI Smart Home” serve as personalized recommendation and virtual design solutions. The company is poised to further enhance its services by leveraging AI to accurately predict market trends, optimize advertising effectiveness, and upgrade customer solutions, thus driving marketing conversion opportunities. Through disruptive shopping experiences and business models, Markor aims to become the world’s first AI-driven home furnishing brand with a fully digital and intelligent shopping experience.

Pioneering Future Living with AI: Unlocking New Opportunities

Markor is committed to leveraging technological convenience, unlocking potential, and sharing technological benefits. As a trailblazer in quality living, its development path consistently follows a “science + art” approach, which has proven to be a long-term strategy in line with current market trends. In 2024, Markor was honored with the title of “Outstanding Home Furnishing Brand Enterprise of 2024.” Its sub-brand, Markor Furnishings, reached a new brand value of over 32.2 billion yuan, securing a spot in the “Top 100 New Quality Home Brands of 2024” and winning the “Home Service Excellence Award” for the 13th consecutive year.
Backed by its national-level Industrial Design Center, robust R&D systems, and global operational capabilities, Markor continues to invigorate the ecosystem through digitalization, intelligence, and supply chain integration. With AI Smart Home as the bridge, Markor is reigniting public interest and confidence in AI’s potential and advancing the commercialization of AI technologies like natural language processing. It is building a continually open-source platform for both DTC end-users and B2B interior designers.
In July 2024, Markor hosted the “Art + AI + Life” forum in Beijing and launched a national AI painting and design competition, further embedding AI practices in the industry. In September, it signed a strategic partnership with the AI technology leader Shengshu Technology to break new ground in product design, manufacturing, marketing content innovation, and service experience. This collaboration will fuel the company’s efforts toward smart, personalized home furnishing upgrades, setting new benchmarks in the industry. These initiatives underscore Markor’s determination to use AI to enhance its future competitiveness.

Democratizing design empowers everyone to shape their dreams and take control of their future. Markor’s ongoing AI strategy not only provides opportunities for those pursuing a better life but also highlights new possibilities in the ever-evolving home living landscape.

 

View original content:https://www.prnewswire.com/news-releases/reshaping-future-lifestyles-markor-unveils-ai-strategy-at-the-apsara-conference-302255015.html

SOURCE Markor International Home Furnishings

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Huawei Launches the ICT Talent Cultivation Solution and Smart Campus Exhibition Center

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SHANGHAI, Sept. 23, 2024 /PRNewswire/ — At HUAWEI CONNECT 2024, Huawei launched the ICT Talent Cultivation Solution at the global education summit themed Cultivating ICT Talent to Amplify Education Intelligence. In addition, Huawei and University of Shanghai for Science and Technology (USST) jointly launched a smart campus exhibition center to help cultivate well educated ICT talent and accelerate intelligent transformation of the education industry.

Participants of the solution launch were: Youssef Ben Halima, Advisor to the Minister of Higher Education and Scientific Research of Tunisia; Dr. Suthiporn Truktrong, Acting Vice President of Prince of Songkla University; Hu Yining, Deputy Director and Doctoral Tutor of the Network and Information Center, Southeast University; Li Junfeng, Vice President of Huawei and President of the Global Public Sector; Liu Jiansheng, President of Huawei Learning & Certification Services Dept; and Sun Gang, Director of Huawei ICT Talent Partner Development Dept.

Huawei ICT Talent Cultivation Solution Empowers Various Industries

As the global digital economy and ICT industry rapidly develop, the need for ICT talent is on the rise. To help cultivate well educated ICT talent, Huawei has developed an innovative ICT talent cultivation solution. This solution provides comprehensive ICT courses, powerful industry ecosystem advantages, and a global professional trainer system. By providing a one-stop digital talent development platform, innovative teaching resources, and practical training tools, this solution helps universities accelerate ICT talent cultivation and support high-quality development of the digital economy.

Huawei has collaborated with over 2700 universities and educational institutions worldwide to train new ICT professionals who meet market demands. Specifically, Huawei works with Shenzhen Polytechnic University to continuously improve teaching quality by jointly developing new curricula, training teachers, and building training bases. So far, more than 4800 students have passed Huawei’s certifications and are taking up positions in informatization, contributing to the advancement of the digital economy and industry.

Li Junfeng, Vice President of Huawei and President of the Global Public Sector, said that Huawei has a strong commitment to the education industry and has partnered with colleges and universities worldwide to gather successful practices in digital and intelligent transformation. Based on customer demands and their characteristics, Huawei teams up with partners to deliver scenario-based solutions and services such as ICT Talent Cultivation, Smart Classroom 3.0, Scientific Research Computing, and Smart School Campus.

Smart Campus of USST Sets a Global Benchmark

Huawei and USST have collaborated to create a smart campus exhibition center that showcases advanced concepts and serves as a model for smart campus construction in China and beyond. To build an all-digital intelligent university, USST focuses on the two main aspects of data and application. It also and works with Huawei to promote the implementation of one-stop online service, management, and learning, thoroughly boosting management efficiency and service levels.

Zhao Ming, Vice President of USST, said that the university is dedicated to accelerating intelligence in education and building a first-class university of science and engineering with outstanding features. USST will continue to promote intelligent education and optimize teaching, research, and management to grow into a smarter educational institution.

Huawei plans to keep delving into the education sector and prioritizing customer needs. We will collaborate with international partners to develop cutting-edge technologies and solutions as well as hasten the digital and intelligent transformation of education, creating smarter campuses, and fostering more forward-thinking, high-caliber professionals.

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View original content:https://www.prnewswire.co.uk/news-releases/huawei-launches-the-ict-talent-cultivation-solution-and-smart-campus-exhibition-center-302255026.html

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