Technology
MoonFox Analysis|Balancing Fat Gain and Loss In Summer: Dining and Fitness Consumption Surge in Tandem
Published
2 months agoon
By
About us: Aurora Mobile (NASDAQ: JG) established in 2011, is a leading customer engagement and marketing technology service provider in China. Its business includes notification services, marketing growth, development tools, and data products. As its sub-brand, MoonFox Data is a leading expert in data insights and analysis services across all scenarios, aiming to help companies gain market insights and empower precise decision-making.
SHENZHEN, China, Sept. 29, 2024 /PRNewswire/ —
I. Data Overview: Restaurant Consumption Soars in Popular Tourist Cities, Coupled with Olympic Fever Sparking a New Fitness Boom
The summer tourism peak has driven a significant rise in dining consumption. As people increasingly seek enhanced travel experiences, culinary adventures have become an indispensable part of their trips. In several top tourist destinations, dining consumption hit its peak during the summer months. For example, in Chengdu, the restaurant industry saw stable growth in dine-in consumption from July onwards, with orders from out-of-town tourists rising by over 36% YoY. According to MoonFox iApp data, the average MAU (Monthly Active Users) in the mobile internet group purchase & food delivery industry surpassed 570 million during the 2024 summer holiday, increasing by more than 20 million users compared to June, and 14 million YoY.
On the aspect of fitness consumption, the summer spending boom, coupled with the “Olympic Fever”, has sparked and sustained the nation’s enthusiasm for exercise. MoonFox iApp data reveals that the mobile internet fitness sector averaged over 260 million MAU during the 2024 summer holiday, with 704,000 new users joining each day. According to Vipshop data, sales in several popular sports and outdoor gear categories, including trail running shoes, quick-dry T-shirts, sport-style polo shirts, and children’s sun-protective clothing, achieved more than 100% growth YoY.
Group Buying & Food Delivery Industry MAU Stats
Average of Summer 2024
Increase Over June 2024
YoY Growth Over Summer 2023
571.6 million
+21 million
+14.1 million
Fitness & Sports Industry User Stats
Average MAU of Summer 2024
Average Daily New Users in Summer 2024
Average Daily Activations Per User in Summer 2024
262.2 million
704 thousand
2.2 times
Data Source: MoonFox iApp;
Data Cycle: July – August 2024
II. Dining Consumption: Meituan’s Online Dining Services Lead the Pack, While Regional Specialty Restaurants Become a Key Driver of Summer Dining Growth
During the summer vacation period, Meituan, the online dining delivery aggregator platform, recorded an average DAU count of 120 million, marking a 2.8% increase compared to June. Meituan implemented a series of consumer support initiatives across both its online food delivery services and offline restaurant support, including brand marketing, consumer subsidies, and technological upgrades. These measures helped brand merchants accommodate the surge in summer dining UV while meeting the diverse needs of consumers. Meanwhile, Dianping, the platform focused on offline consumption reviews, saw an average DAU of 25.835 million, reflecting a 16.5% increase from June. This upward trend indicates that with the arrival of summer, consumers have become more reliant on detailed information and objective user reviews when making dining and offline consumption decisions during travel, contributing to the rise in platform user activity.
In contrast to the growth trend observed in group purchase and consumption service platforms, the performance of food delivery service platforms during the summer vacation period appeared somewhat sluggish. Influenced by the summer travel surge, people preferred dining out to enjoy offline culinary experiences. As the two major players in the food delivery market, Ele.me and Meituan Food Delivery both experienced a slight decline in their average DAU counts compared to the June averages during the summer period.
Monthly Average DAU for Online Dining Services app (Unit: 10,000)
Meituan
Dianping
Ele.me
Meituan Food Delivery
202406
11804.1
2217.9
2250.0
819.0
202407
12030.9
2534.2
2217.5
805.3
202408
12246.9
2632.8
2228.1
821.6
Data Source: MoonFox iApp;
Data Cycle: June – August 2024
Meituan’s Recent Initiatives in Dining Services Busines
Marketing Initiatives: Constructing Online Brand Presence
– In summer 2024, McDonald’s partnered with Meituan to explore the “321” growth model, with three live streaming events and two distribution channels, achieving a 151% YoY increase in Meituan group purchase transactions at offline stores.
Consumption Promotion Initiatives: Energizing Summer Consumption Vitality
– Henan: Launched the “Meituan Food Delivery Local Recommendations” themed marketing campaign, which includes creating an online “Local Recommendations” section and providing consumer subsidies, allowing residents and tourists to enjoy local specialty dishes.
– Tianjin: Initiated the “Summer Night Snack Carnival” promotional activity, offering discounts, red envelopes, and subsidies for popular summer food items such as crayfish, cold drinks, barbecues, and snacks, actively fostering Tianjin’s nighttime consumption market and enriching the city’s evening dining experience.
Technical Initiatives: Launch of Meituan Drone Delivery Routes
– On August 16, Meituan launched Beijing’s first drone delivery route at the Great Wall’s Badaling section, providing tourists with services like heat relief and emergency supply deliveries.
Regarding offline restaurant consumption, summer travelers are increasingly demanding higher-quality dining experiences at their destinations, seeking deeper emotional satisfaction and cultural identification. Meanwhile, benefiting from their strong ability for endorsement, content platforms have become crucial catalysts for regional specialty restaurants and trending food brands to gain widespread popularity. Through promotion on platforms like TikTok and Xiaohongshu, specialty restaurant brands can rapidly expand their influence and attract more consumers. For instance, TikTok launched the “Food Discovery on TikTok” campaign to unearth and recommend high-quality eateries and culinary experiences across various regions. During the peak summer travel season, this model of combining online promotion with offline experiences not only provides consumers with new avenues to discover and explore cuisine but also brings new growth opportunities for food and beverage brands.
Driven by the influx of tourists and the ecological impact of content platforms, the customer UV index of regional specialty restaurant brand outlets has shown significant growth trends. According to MoonFox Data, in Beijing, the customer UV index of Quanjude’s offline stores increased by 27.1% MoM in July 2024. As reported by CCTV.com, since July, the number of dine-in orders in the Beijing area has increased by over 40% YoY. In Changsha, Chayanyuese and Wenheyou, as major IP-driven trending brands, also achieved MoM growth in their customer UV indices of 4.2% and 10.7% respectively in July.
Changes in Customer UV Index for Offline Specialty Restaurant Brand Outlets
Brand
Customer UV Index Growth for Offline Stores in July 2024
Beijing: Quanjude
MoM growth +27.1%
Changsha: Chayanyuese
MoM growth +4.2%, YoY growth +31.2%
Changsha: Wenheyou
MoM growth +10.7%
Data Source: MoonFox iBrand
Data Cycle: July 2024
Recent Strategic Initiatives by Content Platforms in the Food and Beverage Sector
TikTok: Creating Branded IP for Restaurant Exploration Content
– The “Food Discovery on TikTok” campaign, initiated by TikTok’s official life services division, presents users with cuisines from different regions and flavors through various themes and topics, such as “Where is the Magical Spicy Hot Pot?” This initiative closely integrates online UV with offline food consumption, offering users more diverse culinary choices and experiences across different regions.
Xiaohongshu: Leveraging Endorsement To Strengthen Local Dining Services
– Xiaohongshu has launched group purchase services for restaurants in 49 core cities nationwide, with a commission rate of 0.6% and temporarily waiving deposits. This aims to attract more restaurant businesses to the platform, enriching its content ecosystem while meeting users’ demands for food and beverage group purchases, thus accelerating the expansion and improvement of its culinary business landscape.
Xiaohongshu Topic Popularity
Topic Name
Total Views
#BestFoodCityRecommendations
239 million
#BestFoodCity
1.4802 million
#SummerVacationFood
1.203 million
#FoodCity
652,700
Data Source: XH Data Data Cycle: As of September 5, 2024
Overall, during the summer vacation period, online platforms met consumers’ diverse needs for food delivery and in-store dining through convenient services and abundant promotional activities. Meanwhile, offline specialty restaurants attracted significant attention from tourists and local consumers through unique cultural experiences and culinary delights. As consumers increasingly pursue higher quality and cultural depth in their dining experiences, and content platforms continue to promote regional specialty restaurant brands, the organic combination of product strength and content creation capabilities among food and beverage businesses will gradually become the main driver of sustained growth in the catering industry.
III. Sports Consumption: “Sports+” Scenarios Become Summer Consumption Hotspots, Enhancing the Social Attributes of Sports
Riding the wave of Olympic fever, sports and fitness apps have seen an increase in user engagement. In youth sports, the App of Jump Rope Every Day, which focuses on providing sports management for primary and secondary school students, achieved an average DAU of 1.164 million during the summer vacation, a 21.0% increase compared to June. This growth reflects the importance parents and students place on utilizing vacation time to improve athletic abilities and enhance physical fitness. It also indicates the increasing popularity and recognition of the “Sports + Education” integration model. To sustain the momentum of youth sports during holidays, Jump Rope Every Day organized jump rope competitions in various regions, with multiple events attracting over 300,000 primary and secondary school students.
In adult fitness, Apps like Qu Dong Will Go and GIANT RideLife successfully combined sports with social interaction by offering online activities, offline events, and themed competitions, fostering the development of sports communities. During the summer vacation, their average DAUs increased by 23.7% and 4.5% respectively compared to June. This growth highlights the effectiveness of the “Sports + Communities” model in expanding the user base, promoting the popularization of sports and increasing participation through community power. Users enjoy social benefits while pursuing a healthy lifestyle through convenient online participation and offline physical interaction, thus improving the consistency and motivation for exercise.
Monthly Average DAU of Sports and Fitness Apps
App
July – August Average DAU (Unit: 10,000)
Growth Compared to June
Qu Dong Will Go
7.1
23.7 %
Lefit
19.7
21.9 %
Jump Rope Every Day
116.4
21.0 %
GIANT RideLife
5.8
4.5 %
Data Source: MoonFox iApp;
Data Cycle: July 2024 – August 2024
As a leader in “Sports + Communities” mode, the app “Keep” once again demonstrated its influence and innovation during this year’s summer vacation. While providing diverse sports courses for users, Keep constructed a comprehensive sports community integrating sports socialization, professional guidance, and healthy lifestyle experiences through offline event planning. They innovated multiple “Sports+” scenarios, such as the “8.8 National Sports Festival”, “Cycling Carnival”, and “Surfers Festival”. By integrating elements of entertainment, cuisine, and culture, combined with co-branding collaborations, special courses, and interactive games, Keep provided users with diverse sports scenario experiences. For example, they collaborated with food brands to launch free meal challenge activities, breaking down barriers between sports and culinary circles and enriching the content and depth of sports activities.
Keep’s Summer Activities in 2024
National Sports Festival
– Keep launched the “8.8 National Sports Festival” on August 8, National Fitness Day, attracting user participation through diverse and innovative activities: Signing new-generation athletes as brand ambassadors and releasing the Heart Fire Ignited brand TVC; Collaborating with mobile games to launch online running and special courses; Partnering with six major food brands to promote “Eat and Exercise Activity”, encouraging users to win free meals through exercise. These diverse activities lowered the barriers to exercise, ignited users’ enthusiasm for sports, and promoted a national fitness culture.
Cycling Carnival
– Keep and Uni-President Green Tea jointly organized the “Keep Curious × Uni-President Green Tea Smile Cycling Carnival” themed “Smile Cycling”. Through diverse cycling events such as couple races, individual races, and team relays, combined with band performances and bicycle stunts, participants were provided with an integrated cycling experience of competition, entertainment, and interaction. The event also included a Limited 72 Hours of Love warm-up to add a romantic atmosphere for the Qixi Festival. The cycling carnival not only promoted a green and healthy lifestyle but also fostered the development of national fitness and cycling culture.
[Surfers Festival] Event
– Keep organized a summer outdoor event [Surfers Festival] themed “Surfing Freely, To Make Yourself Shine” at Sun and Moon Bay in Wanning, Hainan. The event included three main areas: Happy Sports Island, Free Experience Island, and Love Convergence Island, offering diverse sports experiences such as surfing, beach frisbee, and yoga. Additionally, there were entertainment segments like markets and after-parties. The event aimed to promote outdoor sports, attract thousands of users to participate, and enhance brand influence and deep user interaction through a combination of online engagement and offline experiences.
IV. Industry Trends: County-level Markets Activate Catering Growth, Social Attributes Drive Sports Consumption
1. County-level and Lower-tier Markets Poised to Spark New Growth Poles in Catering Consumption
County-level and lower-tier markets are playing an increasingly crucial role in China’s current consumer market. As the economy develops and residents’ income levels rise, the consumption potential of these markets is gradually being unleashed, becoming a new engine for catering consumption growth. On one hand, the impact of holiday economics on county-level catering markets is progressively strengthening. The holiday tourism market shows a clear downward trend, with young people’s enthusiasm for “county tourism” causing small county tourism growth to outpace that of big cities. With the rise of county-level tourism markets and the continued warming of “culinary tourism”, the county-level catering industry is embracing tremendous development opportunities. For the county-level catering industry, while deeply exploring local characteristics, it is essential to strengthen integration and interaction with the tourism industry, forming a virtuous cycle of “tourism + cuisine”. On the other hand, the urban-rural income gap in China is gradually narrowing, with the ratio of per capita disposable income between urban and rural residents decreasing from 2.88 to 2.45. Driven by lifestyle upgrades, catering consumption is becoming increasingly popular among county residents. MoonFox iMarketing data shows that in the mobile internet group purchase and food delivery industry, users from third-tier cities and below account for 46.1%. The digital infrastructure of the county-level catering market is gradually improving, providing a better development environment for catering consumption.
2. Overcoming Catering Industry Involution Requires Dual Drivers of Product Strength Consolidation and Content Innovation
In the current catering market, the phenomenon of “involution” is increasingly prominent, with severe homogeneous competition and frequent price wars challenging the sustainable development of the catering industry. According to media reports, about 460,000 catering enterprises suspended operations in Q1 of this year, with this number rising to nearly 600,000 in Q2. For catering enterprises to break through this situation, they must recognize that relying solely on price wars or imitating others is no longer sustainable. Overcoming catering involution urgently requires the dual core driving forces of product strength consolidation and content innovation. In terms of product strength, focus should be placed on dish innovation and development, launching new products that align with changing consumer tastes to win the market through differentiated competition. Simultaneously, developing regionally characteristic dining themes and designing innovative consumption experience scenarios tailored to different consumer groups is crucial. Regarding content strength, in Q1 of this year, the Guiding Opinions on Promoting High-Quality Development of the Catering Industry issued by the Ministry of Commerce and other 8 departments mentioned guiding platform enterprises in the catering field to provide technical training and UV support for small and micro businesses, creating a symbiotic development ecosystem between platforms and merchants. For catering businesses, it is necessary to strengthen cooperation with catering content platforms, enhance emotional connections with consumers through innovative content marketing methods, storytelling of brand narratives, and dissemination of food culture.
3. Sports Market UV Drives Incremental Growth, Social Attributes Become Key Engine for Sports Consumption Growth
The rise in health awareness and the hosting of popular sports events have made the sports market a new high ground for UV. The integration of social attributes has transformed sports from mere exercise into a form of social interaction. Group sports, fitness challenges, and other activities satisfy people’s social needs while also driving the growth of sports consumption. Sharing workout check-ins and fitness achievements in WeChat Moments not only showcases personal healthy lifestyles but has also become a new form of social currency. Driven by social attributes, the sports consumption market is undergoing a transformation. Consumers are no longer simply purchasing sports equipment or services; they place more value on the social experiences and personal growth throughout the entire sports process. Against this backdrop, brands need to establish closer connections with consumers through social platforms, enhancing user brand loyalty by creating attractive content and interactive experiences.
Our Information:
Website: https://www.moonfox.cn/
Contact number: 400-888-0936
Contact us:
Name: Felix
Title: Director of Sales, Industry Insight Division
Tel: +86 -13366276383
Email: zhouzt@jiguang.cn
Address: 608/F, Tower B, Wintrust Center, No. 1 Xidawang Road, Chaoyang District, Beijing, China
Name: Janette Zhou
Title: Marketing Manager
Tel: +86-13928239332
Email: zhouxt@jiguang,cn
Address: 608/F, Tower B, Wintrust Center, No. 1 Xidawang Road, Chaoyang District, Beijing, China
View original content:https://www.prnewswire.com/news-releases/moonfox-analysisbalancing-fat-gain-and-loss-in-summer-dining-and-fitness-consumption-surge-in-tandem-302261852.html
SOURCE Aurora Mobile Ltd
You may like
Technology
Reolink Black Friday Sales 2024 – Enjoy Early Saving Today
Published
15 minutes agoon
November 15, 2024By
LOS ANGELES, Nov. 15, 2024 /PRNewswire/ — Black Friday is just around the corner, enjoy early Black Friday security camera deals to enhance home security sooner. Reolink, an innovative leader in intelligent visual technology for the home, is offering diverse range of security cameras, enabling consumers to keep a vigilant eye on their home’s safety.
From now to November 18th, visit the Reolink website and its Amazon store to get the industry-leading 4K continuous recording battery camera Altas PT Ultra, 4K 180° color night vision battery camera Argus 4 Pro, 2K Dual-Band Wi-Fi Battery Doorbell, along with Argus 3 Pro and E1 Zoom.
Reolink Altas PT Ultra with Solar Panel (Save 31%, now $249.99)
Altas PT Ultra is an industry-leading 4K pan & tilt battery camera that offers continuous recording with a blindspot-free view. Equipped with a powerful 20000mAh battery, it can deliver a 96-hour 4K continuous recording on a single charge. The ColorX technology delivers day&night true-color vision without the needs of spotlights or infrared lights. Originally $359.99, it’s $249.99 during the sale, offering a significant 31% discount.
Reolink Argus 4 Pro with Solar Panel (Save 30%, now $229.99)
Argus 4 Pro is the world’s first 4K battery-powered camera with ColorX Night Vision and dual image stitching technology, providing a 180° blindspot-free view. Its battery life is 30% longer than the average battery-powered cameras in the market, reducing the frequency of charging. Originally $329.99, it’s $229.99 during the sale, offering a remarkable 30% discount.
Reolink Battery Doorbell (Save 30%, now $153.99)
Battery Doorbell features 2K/4MP resolution and captures a full head-to-toe view with no subscription fees. It can run on battery power or be hardwired for consistent operation, offering flexible installation and power supply solutions. Battery Doorbell can support Reolink Home Hub for local storage of video recordings and centralized management of cameras. Originally $219.99, it’s $153.99 during the sale, offering an amazing 30% discount.
Black Friday may be on the horizon, but from today until November 18th, customers can dive into early Reolink Black Friday sales. From now until November 18th, customers can purchase coupons for just a few dollars on the Reolink website. These coupons can be combined with Reolink Black Friday discounts and redeemed for up to $40 from Nov. 19 to Dec. 2. Visit Reolink website and its Amazon store to score the best security camera deals.
About Reolink
Reolink offers smart security solutions for homes and businesses, aiming for a seamless security experience with its wide range of products. Serving millions globally, it provides video surveillance and protection, standing out for its commitment to security technology innovation.
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/reolink-black-friday-sales-2024—enjoy-early-saving-today-302306481.html
SOURCE Reolink Innovation Inc.
Technology
AEKE Reimagines Home Fitness Experience with Launch of AI-Powered Smart Home Gym K1 on Kickstarter
Published
15 minutes agoon
November 15, 2024By
NEW YORK, Nov. 15, 2024 /PRNewswire/ — AEKE is redefining home fitness with the launch of the Smart Home Gym K1, set to debut on Kickstarter this December 3rd. The all-in-one, AI-powered gym with an auto-foldable and movable design brings a new level of accessibility and efficiency to fitness by transforming any space into a hyper-personalized training hub.
Taking up just 0.3 square meters, the new AEKE K1 features an AI coaching system that empowers users to train smarter other than harder.
Key Features of the AEKE K1:
AI-Driven Personalization: Leveraging advanced AI, the K1 builds custom workout plans and courses, adapting them based on individual progress and goals through a six-dimensional body assessment.Precision Motion Tracking: Powered by high-sensitivity AI cameras and powerful 5T chips, our self-developed vertical AI Model ensures precise tracking, offering real-time feedback on form, speed, and balance and rep count.Compact-Smart Design: With its sleek, compact design, the K1 easily integrates into any room, blending in without dominating home space.No Ongoing Fees: Access all the features and updates with no subscriptions, making it a cost-effective solution.Complete Training Solution: Catering to a range of fitness goals from weight loss to muscle gain, the K1 includes a variety of workout programs from strength training to yoga to keep exercise routines diverse and effective.Targeted Strength-Building Strategy: With advanced algorithms built by AEKE, K1 adapts intensity as users grow stronger, backed by professional strength training plans and data-driven performance insights to help users stay on track.Personalized and immersive experience: Motion gaming and exercise competition, a 2.1-channel Bluetooth speaker and customer can customized their own music playlist during course make it more immersive and fun.
“We are hugely grateful to our crowdfunding supporters for enabling us to create an innovative fitness experience. I’ve seen firsthand how financial, time, and space constraints hold many people back from accessing quality fitness instruction. Inconsistent training levels can also make it tough for people to find reliable trainers and see results, even after investing time and money. The K1 removes common barriers to fitness and makes professional fitness training accessible to everyone, helping them more efficiently achieve their goals, no matter their schedule or space,” said Loong, COO of AEKE.
With the Kickstarter campaign launching this month, early backers can be among the first to embark on a unique fitness journey offered by the award-winning AEKE K1, which has clinched the German Red Dot Award, the American IDA Design Award, and the International CMF Design Award since it was unveiled.
Currently, AEKE is gearing up for crowdfunding and is offering many benefits for customers who place a deposit. For more details and to get updates, visit aeke.com
About AEKE
Founded in 2022, With a team of over 200 industrial sports scientists, hardware engineers, and AI experts, AEKE combines AI technology with a human-centric approach to deliver the most intelligent and effective fitness experience.
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/aeke-reimagines-home-fitness-experience-with-launch-of-ai-powered-smart-home-gym-k1-on-kickstarter-302305600.html
SOURCE AEKE
Technology
UST Opens New Office and Generative AI Experience Center in Cyberjaya, Malaysia
Published
16 minutes agoon
November 15, 2024By
Inauguration of third delivery center in Malaysia positions the country as the focal point for UST’s expansion in Southeast Asia
CYBERJAYA, Malaysia, Nov. 15, 2024 /PRNewswire/ —UST, a leading digital transformation solutions company, has opened a new office and state-of-the-art Generative AI Experience Center in Cyberjaya, Selangor, Malaysia. This facility will act as a hub for innovation and collaboration, bringing together leaders and thinkers at the forefront of the Generative AI space to drive digital transformation in Southeast Asia and beyond.
The new Cyberjaya facility is UST’s third delivery center in Malaysia and will develop cutting-edge AI solutions for use in a diverse range of market sectors, including banking, manufacturing, retail, O&G, telecom, and education. The GenAI Center of Excellence in Malaysia will elevate customer experiences across Southeast Asia to improve both the engineering services and the digital portfolio of UST. A key focus area will be developing custom Large Language Models (LLMs) tailored to specific business needs. Additionally, work conducted at the Center of Excellence will empower cloud, infrastructure, and cybersecurity applications, automating backend tasks and digitising front-end user experiences, benefiting both engineering and GBS teams.
The facility was formally opened on November 11, as part of a ceremony featuring notable tech industry leaders and government officials including: Y.A.B. Dato’ Seri Amirudin Bin Shari, Menteri Besar (Chief Minister) of Selangor state; Wan Murdani Wan Mohamad, Senior Vice President of Malaysia Digital Economy Corporation (MDEC); Puan Nor Suhaila Binti Saat, Director, Sepang Municipal Council; Kamarul Ariffin Abdul Samad, Chief Executive Officer, Cyberview Sdn Bhd; TS Koay, Managing Director Dell Technologies Malaysia, Chai Ping Chua, Country Site Leader Experian Malaysia, Sunil Balakrishnan, CVO & Global Head of Center Operations, UST; Gilroy Mathew, Sr Vice president, UST; and Amar Chhajer, Vice President & Country Head Malaysia, UST.
“The opening of this advanced new delivery center will enhance our ability to support the growing Malaysian and Southeast Asian markets and positions us for further growth in this dynamic region. UST’s focus on Generative AI aligns with the current digital landscape and will empower businesses to harness the potential of AI and automation to drive digital transformation. We’re grateful for the support of our partners and stakeholders, who has been instrumental in fostering a strong tech community here in Malaysia. UST’s focus on Generative AI aligns with the current digital landscape and will empower businesses to harness the potential of AI and automation to drive digital transformation,” said Amar Chhajer, Vice President & Country Head – Malaysia, UST.
“UST is a key partner in our mission to develop digital infrastructure and nurture local tech talent. The UST Gen AI Center of Excellence is exactly the type of forward-thinking initiative that will help propel Malaysia into the next phase of digital evolution. It will be a catalyst for research and development in AI, helping to unlock new opportunities and insights across a wide range of sectors. UST’s commitment to Malaysia’s thriving tech ecosystem has been instrumental in helping transform this sector of our economy. Over the past decade, UST has invested in developing over 10,000 engineering professionals in Malaysia, contributing to the creation of a dynamic and resilient digital ecosystem,” said Y.A.B. Dato’ Seri Amirudin Bin Shari, Menteri Besar (Chief Minister) of Selangor state.
UST began operating in Malaysia in 2006, opening its first center in Penang in 2011. This location also became home to UST’s first Infinity Lab in 2020, supporting innovation that has helped UST expand operations throughout Southeast Asia. UST Malaysia has grown to become one of the company’s biggest delivery center locations in the world and there are currently over 1,500 USsociates in Malaysia. UST Malaysia has two delivery centers in Penang. UST is certified as a ‘Great Place to Work’ in Malaysia.
About UST
Since 1999, UST has worked side by side with the world’s best companies to make a powerful impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Our digital solutions, proprietary platforms, engineering expertise, and innovation ecosystem turn core challenges into impactful, disruptive solutions. With deep industry knowledge and a future-ready mindset, we infuse innovation and agility into our clients’ organizations–delivering measurable value and positive lasting change for them, their customers, and communities around the world. Together, with 30,000+ employees in 30+ countries, we build for boundless impact–touching billions of lives in the process. Visit us at www.UST.com
Media Contacts, UST:
Tinu Cherian Abraham
+1 (949) 415-9857
Merrick Laravea
+1 (949) 416-6212
Neha Misri
+91-9284726602
Roshni Das K
+91 7736795557
media.relations@ust.com
Media Contacts, India:
Adfactors PR
ust@adfactorspr.com
Media Contacts, U.S.
S&C PR
+1-646.941.9139
media@scprgroup.com
Makovsky
ust@makovsky.com
Media Contacts, U.K.:
FTI Consulting
UST@fticonsulting.com
Logo: https://mma.prnewswire.com/media/1422658/UST_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ust-opens-new-office-and-generative-ai-experience-center-in-cyberjaya-malaysia-302305931.html
Reolink Black Friday Sales 2024 – Enjoy Early Saving Today
AEKE Reimagines Home Fitness Experience with Launch of AI-Powered Smart Home Gym K1 on Kickstarter
UST Opens New Office and Generative AI Experience Center in Cyberjaya, Malaysia
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
Peloton Unveils Holiday 2022 Creative Campaign Highlighting How Motivation Transcends Beyond the Workout
These ’90s fashion trends are making a comeback in 2017
Why You Should Build on #NEAR – Co-founder Illia Polosukhin at CV Labs
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
NEAR End of Year Town Hall 2021: The Open Web World, MetaBUILD 2 Hackathon and 2021 recap
Trending
-
Technology4 days ago
Decode economic ties between GBA and Colombia from a cup of coffee
-
Technology4 days ago
Cangzhou Forum Seeks to Deepen Ties Between Chinese and Central/Eastern European SMEs
-
Technology2 days ago
Aspen Aerogels, Inc. to Present at the Barclays 15th Annual Global Automotive and Mobility Tech Conference
-
Technology2 days ago
Medcrypt Expands Strategic Partnerships with BioT, Extra Security, RTI and Stratigos Security to Enhance Cybersecurity in Medical Devices
-
Technology5 days ago
The Hottest Dog Bronchial Health Supplement on Shopee in 2024
-
Coin Market5 days ago
BTC $77K rally won't spark overvaluation fears like stocks: Bitwise CEO
-
Coin Market5 days ago
Bitcoin breaks $79K and 'no rash action is needed,' says analyst
-
Coin Market5 days ago
Near plans to build world’s largest 1.4T parameter open-source AI model