Technology

Industry leaders convene at AVCJ Private Equity Forum 2024 in Hong Kong

Published

6 hours ago

November 21, 2024

HONG KONG, Nov. 20, 2024 /PRNewswire/ — Asian Venture Capital Journal (AVCJ), part of Mergermarket and the leading provider of private equity and venture capital intelligence in Asia, this week hosted its 37th Annual AVCJ Private Equity Forum. The event saw a wide range of discussions among leading private equity and venture capital participants from around the world. Leading contributors included Matthew Michelini, Head of APAC, Apollo Global Management, Harvey Schwartz, CEO of Carlyle, and Jeffrey Perlman, CEO of Warburg Pincus.

The AVCJ Private Equity Forum brings together over 3,300 senior investors, advisors, and regulators from Asia and more than 50 geographies across the globe. The forum is a valuable opportunity to share insights and forge partnerships, at a time when the global private equity investment revival has yet to extend to Asia, according to Mergermarket data.

Yana Morris, Chief Content Officer, ION Analytics, said, “This is a crucial and fascinating time for the leaders in the private equity and venture capital industry globally. The wealth of experience and knowledge at this week’s event is testament to the convening power of ION Analytics as a forum for exchanging the ideas, innovations, and insights that are crucial to the PE and VC community.”

Day one focused on ESG. Sessions addressed issues such as the future of ESG engagement, how industry leaders are practically approaching climate adaption, and how Asian LPs’ approaches to ESG compare to their global peers. Tim Burroughs, Managing Editor, Global Private Funds and AVCJ, reflected in the opening remarks on how industry ESG debates have progressed in recent years.

The second day’s agenda featured the Private Equity Leaders, Venture Capital, and Limited Partners Summits. These summits included sessions on Asia’s key areas for value creation and the potential pitfalls of an AI bubble: crucial topics given that most AI deals are targeted in China, according to Mergermarket data.

In the opening keynote, Jeffrey Perlman, CEO of Warburg Pincus, discussed implications of the changing macroeconomic conditions for the firm’s investment strategy, and why its approach to Asia is extending from emerging to developed markets. “We find that investors want to play Asia in a more diversified way, and that has impacted how we construct our platform in the region. We’ve already done this in real estate, where the business is truly pan-Asian, and there are opportunities for private equity to expand beyond emerging Asia on the back of that,” he said. “Two-thirds of global growth is expected to come from Asia over the next decade.”

The day also featured a fireside chat between Samson Wong, Chief Investment Officer for Private Markets at the Hong Kong Monetary Authority, and Harvey Schwartz, CEO at Carlyle. Mr. Schwartz set out the firm’s views on the current investment environment globally and in Asia and emphasized that “pricing risk correctly” is important for successful investing in today’s complex environment. “We don’t look to avoid risk,” he said. “We certainly don’t look to take excessive risk, but what we look to do is price the risk component correctly and determine whether or not we can add value to the enterprise.” They also discussed how GP-LP partnerships have evolved, and the issues that will shape the next era for private markets.

The third day featured a keynote interview between Yana Morris, Chief Content Officer at ION Analytics, and Matthew Michelini, Head of APAC, Apollo Global Management. The pair held an insightful discussion about trends and opportunities in private markets and how the industry is evolving, offering an in-depth vision for future growth amid changing industry dynamics.

“At Apollo, we have positioned our business in front of massive tailwinds and we continue to build and evolve our capabilities to serve these market opportunities. In Asia in particular, there’s significant demand for safe-yielding strategies across mature markets like Japan, Australia and Korea, and opportunities to partner with insurers and institutions in the region on retirement solutions,” said Mr. Michelini.

To download key Mergermarket data around private dealmaking in Asia, view a summary of the conference, and to register for future events, please visit the Mergermarket website.

About ION

ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/

About ION Analytics

ION Analytics delivers personalized, targeted data and market intelligence to banks, investors, and corporates, helping clients find opportunities and drive better decisions in markets ranging from equities and fixed income to infrastructure and private equity. For more information, visit https://iongroup.com/analytics/

About Mergermarket

Mergermarket is the premier provider of global proprietary M&A intelligence, data, and AI-driven predictive analytics. With access to coverage of 1.4 million companies, almost 3,000 sponsors, and powered by 300 journalists and analysts globally, we bring transformative M&A insight and a competitive edge to capital markets professionals, shaping the future of M&A. For more information, visit https://info.mergermarket.com/

About AVCJ

AVCJ, a service of ION Analytics, is the leading provider of Asian private equity and venture capital information and intelligence. For more than 30 years, Asia’s deal-making industry has relied on AVCJ’s insightful editorial coverage, reliable data, intelligent analysis, and market-leading conferences to conduct their day-to-day business from deal sourcing, and due diligence to fundraising and exits. For more information, visit https://www.avcj.com/

All product and company names herein may be trademarks of their registered owners.

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SOURCE ION

Technology

Cangzhou Hosts Premiere Chinese Cultural Showcase

Published

18 minutes ago

November 21, 2024

The Fifth China (Cangzhou) Fine Traditional Chinese Culture Network Film Festival Excellent Films Promotion Evening Celebrates Cinematic Excellence

CANGZHOU, China, Nov. 21, 2024 /PRNewswire/ — A news report from xinhuanet:

The Fifth China (Cangzhou) Fine Traditional Chinese Culture Network Film Festival Excellent Films Promotion Evening was held at Cangzhou Stadium on the evening of November 18. The event highlighted 52 outstanding film and television productions, offering insights into the creative processes behind each work. The evening was not only a showcase of cinematic excellence but also marked the launch of a new initiative: the roll-out of the first batch of dedicated film sets and locations specifically designed for the production of online films and series.

The festival, centered on the preservation and promotion of China’s traditional culture, has become a significant cultural institution in Cangzhou. Since its initiation on June 20, 2024, it has amassed an impressive array of 3,136 works, including 80 streaming movies, 2,989 short films, 53 digital shorts, and The Lion City Impressions Series, a collection of 14 films that together offer a vivid portrayal of the vibrant city of Cangzhou. The collection not only highlights the diversity but also the enhanced quality of submissions compared to previous years.

Traditional culture is akin to a pearl in the sea, with online films and TV shows acting as the vessels that navigate these valuable traditions into the future. Culture only becomes impactful when it is deeply rooted and gains momentum. The films and TV shows selected for this initiative are deeply entrenched in real life, engaging viewers and fostering the creative evolution and innovative growth of China’s traditional culture. This strategic approach not only highlights cultural significance but also positions Cangzhou as an emerging economic powerhouse.

The rising tides of the Bohai Sea have shaped a vast and dramatic landscape, while the convergence of nine rivers fosters a fertile land of prosperity. The masterfully crafted Grand Canal has nourished this ancient city, enriching it with a deep cultural heritage. During the promotional event, several sites were designated as the first batch of film locations – Nanchuan Old Street, Cangzhou Garden Expo Park, the China Grand Canal Intangible Cultural Heritage Exhibition Hall, Cangzhou Dahua Industrial Heritage Cultural Area, Nandagang Migratory Bird Habitat, Cangzhou Iron Lion and the Ancient City Ruins Park, Wuqiao Acrobatics World, Xianxian Danqiao, Ancient Government Office of Hejian, MengCun Bajiquan International Training Center, and Huanghua Port Industrial Tourism Scenic Area.

Cangzhou, a city with a cultural lineage that stretches back thousands of years, is rich in historical significance. In recent years, the city has succeeded in transforming its vast cultural resources into high-quality business ventures, converting cultural ‘soft power’ into robust ‘hard support’ for economic growth. Since its launch in 2018, the China (Cangzhou) Fine Traditional Chinese Culture Network Film Festival has continually enhanced its offerings and embraced cutting-edge formats. It has earned accolades and widespread acclaim from industry experts and the public alike, significantly boosting its visibility, influence, and appeal as a premier cultural brand.

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SOURCE xinhuanet

Technology

Gravity Announces Global Launch of Idle Mobile RPG “Poring Rush”

Published

18 minutes ago

November 21, 2024

– Various types of Porings emerge at different levels. Enjoy the Fun of Creating Custom Poring Combinations to Enhance Combat

– “Poring Rush” is available for download and play in global markets, excluding Korea, Japan, China, Vietnam, Netherlands, Belgium, Russia, Iran, and Cuba.

SEOUL, South Korea, Nov. 21, 2024 /CNW/ — Gravity, a global gaming company, officially launched the idle mobile RPG “Poring Rush” on November 21 across global markets.

The mobile RPG can be accessed in multiple regions through the Google Play Store and Apple App Store, except in Korea, Japan, China, Vietnam, Netherlands, Belgium, Russia, Iran, and Cuba. The game supports ten languages, including Korean, English, Simplified and Traditional Chinese, Thai, Indonesian, and Portuguese.

As the title suggests, “Poring Rush” is an adventure game featuring a variety of Porings. Players can create their own cute Poring combinations to enhance attributes like HP, attack, and defense, which can then be used in battle. Higher-tier Porings become more accessible as summoning levels increase, while frequent summons improve the chances of obtaining Porings with powerful skills.

Character customization, inspired by the signature charm of Ragnarok IP characters, includes various costumes and mounts for personalization. As summoning levels increase, the probability of summoning higher-tier Porings grows, and the more summons performed, the greater the chance to obtain Porings with powerful skills.

The official launch version introduces engaging content such as research labs, ruins, farms, altars, and the Magic Castle. In the ruins, players can explore stages with mounts to collect valuable resources. In the farm, they can grow and harvest different crops, earning rewards based on their level. Shrines grant skill effects like increased attack damage based on progression, while the Magic Castle offers a match-3 mini-puzzle game to earn essential resources.

To celebrate the official launch, a variety of exciting in-game events will take place. The ongoing 7-day mission event provides special item rewards for completing daily tasks, with a cute cat mount awarded for finishing all missions. Additional rewards are available during the first launch week, based on the number of skill books used, with exclusive bonuses granted upon completing all missions. Time-limited rewards are also distributed through push notifications during this period. Additionally, the official “Poring Rush” Discord community hosts events such as a sign-up celebration, friend invitation contests, and a creator contest, offering generous rewards for participants.

Kenneth Noh, Head of Gravity’s Global Mobile Business Team, commented, “Poring Rush embraces the cute and familiar charm of Porings, iconic characters from Ragnarok Monsters.” “This game will appeal not only to Ragnarok fans but to anyone who enjoys unique and fun combat with Porings,” he added. “To celebrate the global launch, in-game and community events are being held with plenty of exciting rewards, and we invite everyone to join in!”

For more details on the global launch of Poring Rush, visit the official website at https://poringrush.gnjoy.com.

[Gravity official website] http://www.gravity.co.kr
[Poring Rush website] https://poringrush.gnjoy.com
[Poring Rush Facebook webpage] https://www.facebook.com/PoringRush/
[Poring Rush Discord community] https://discord.gg/JPMBGvxK3c

Contacts
Gravity Co., Ltd.
Kwon Kuk Moon, Gravity Global Mobile Business Unit
moon@gravity.co.kr

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SOURCE Gravity Co., Ltd.

Technology

Hisense Announced the Best Smart Home Offers with the “UNLOCK FOR BLACK FRIDAY” Campaign

Published

18 minutes ago

November 21, 2024

QINGDAO, China, Nov. 21, 2024 /PRNewswire/ — Hisense, a leading brand in global consumer electronics and home appliances, is doubling down on automating your life from better to smarter this Black Friday with its “Unlock for Black Friday” campaign. As technology seamlessly integrates into daily lives, Hisense’s AI-powered appliances offer personalized comfort and convenience. Get ready to embrace the future of home living! Stay ahead of the curve and equip your home, Hisense has it all, and at an unbeatable price!

Optimize your comfort with Hisense Air-conditioner Energy Pro X, driven by AI Smart Eye and TMS Control System technology. Effortlessly detecting your position, it optimizes temperature, humidity, air flow direction, and speed, ensuring customized comfort in every corner of your home. The HI-NANO feature sterilizes germs and bacteria by releasing double ion groups, removing airborne contaminants. Enjoy a friendly environment with high energy efficiency, awarded a top EU energy efficiency rating of A+++.

Experience the smart connected life with the Hisense Refrigerator BCD-522W, serving as the control center to your smart home and featuring a 21-inch TFT bult-in screen for unified control. The Food Inventory feature intelligently manages food storage and expiration reminders, with AI-tech to suggest ideal recipes. Within the large liter-capacity, Triple Temp Zone technology regulates temperature and humidity across all three sections, preventing food odor mixing. The My Fresh Choice feature in the lower right compartment enables conversion from a fridge to freezer with an -18°C~+5°C temperature setting. Synch a smartphone to the fridge touchscreen to copy shopping lists or mirror to play favorite games. As your kitchen companion, an intelligent voice assistant offers hands-free control of home appliances.

Save to sit-back and relax with Hisense Series 7S Washer & Dryer for laundry day with its 6.86-inch TFT touchscreen and seamless integration with ConnectLife app. Features like AI Super Wash automatically matches the perfect washing cycle for your laundry by weighing and sensing what you put in. AI Super Dry cleverly picks the correct drying cycle for each load. With Smart Link, simply pair the dryer with your washing machine, and once your clothes are finished washing, the perfect drying cycle will be already programmed.

Don’t miss the chance to elevate your kitchen with other great campaign deals, including the spacious Hisense Slide-In Electric Range HFE3501CPS with large 5.8 cu. ft. capacity and sleek built-in design; the Hisense 16-place Free Standing Dish Washer HS693C90BXAU featuring versatile wash programs and quiet operation; the Hisense ChefMate Microwave HMAS4211DSV with a generous 42-liter capacity and Smart Inverter Technology; or the Hisense Wine Cabinet JC230W with Dual Temp Zone for the wine connoisseur!

About Hisense

Hisense is a leading global home appliance and consumer electronics brand. According to Omdia, Hisense ranked No. 2 globally for TV shipments and No. 1 in 100″ TVs in both 2023 and H1 2024. The company has expanded quickly to operate in more than 160 countries and specializes in multi-media goods, home appliances, and intelligent IT information.

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SOURCE Hisense