Connect with us

Technology

Global Times: Traditional Chinese brand vies for global expansion through finance digitalization

Published

4 months ago

on

SHANGHAI, Aug. 13, 2024 /PRNewswire/ — China’s social retail sales surpassed 23 trillion yuan ($3.18 trillion) from January to June, a 3.7 percent increase year-on-year, the National Bureau of Statistics revealed in mid-July. Social consumption is gaining increasing prominence in driving the recovery of the national economy.

In 2023, consumption was a major engine for nation’s economic growth with the contribution rate of final consumption expenditure to economic growth reaching 82.5 percent, a remarkable increase of 43.1 percentage points compared with 2022, official data showed.

As a national cosmetic brand with over 100 years of history, Shanghai Jahwa United Co, Ltd (Shanghai Jahwa) owns multiple well-known brands such as Liushen, Dr. Yu, Herborist and Maxam. Additionally, it undertakes the responsibility of promoting traditional Chinese culture as well as social consumption.

In 2017, Shanghai Jahwa acquired Tommee Tippee, a leading maternal and infant brand in the UK, officially becoming a Shanghai-based multinational company, further enhancing its competitiveness in the global market.

In the face of challenges and responsibilities, the data integration-oriented digitalization transformation launched by Shanghai Jahwa offers solutions for the company’s diversifying operation demand.

Empowered by the analytical capabilities of its digitalized management system, Shanghai Jahwa showed comprehensive advantages in its overseas business operations, becoming a leading cosmetics enterprise based in China and radiating throughout the world.

Enterprises’ digital transformation is a crucial part for building a modern industrial system and the nation’s high-quality development of the economy, said Han Min, a deputy general manager, CFO and board secretary of Shanghai Jahwa, adding that it is also a process full of hope and pain.

During a thorough transformation campaign, Shanghai Jahwa prioritized digitalization in its finance sector to lead the company’s overall digitalized upgrade. The company took sales expenses as a breakthrough by adopting financial management systems targeting distributors and marketing expenses, which effectively resolved relevant expense control issues.

Through the application of a digitalized management system across the financial sector, Shanghai Jahwa has achieved whole-process management to form an operation model with business-finance integration and compliance.

The system connects and simplifies various procedures from pre-approval to post-reconciliation. Notably, it removes unnecessary manual operations, achieving refined, controllable and data-integrated management, according to the company.

Han pointed out that compared with multinational giants such as Procter & Gamble and L’Oréal, Shanghai Jahwa started relatively late in digitalization, but is making efforts to close the gap, including building a digitalized central platform and driving the digital integration of online and offline channels.

“Our company should integrate digital and intelligent transformation into management processes, combining it with traditional elements to create new quality productive forces. This will facilitate international engagement, attract global resources and drive the internationalization of the company,” Han noted.

In 2023, the total retail sales of cosmetics in China amounted to 414.2 billion yuan, representing a year-on-year growth of 5.1 percent. Notably, China’s cosmetics exports reached $6.51 billion, surging by 16.7 percent year-on-year, official data showed.

Benefiting from its digitalization strategy, Shanghai Jahwa recorded a 5.93 percent annual revenue increase in 2023 from the previous year, while net profit of the company’s domestic business saw a significant year-on-year growth of 75 percent, effectively countering external market headwinds such as terminal store suspensions and regulation adjustment.

As an industry leader, Shanghai Jahwa has actively promoted digital and intelligent transformation across the industry, further releasing consumption potential to boost the nation’s economic recovery.

View original content:https://www.prnewswire.com/news-releases/global-times-traditional-chinese-brand-vies-for-global-expansion-through-finance-digitalization-302221746.html

SOURCE Global Times

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Infidigit Welcomes Pinaki Gupta as an Advisor to Foster Leadership and Drive Strategic Growth

Published

48 minutes ago

on

December 26, 2024

By

MUMBAI, India, Dec. 26, 2024 /PRNewswire/ — Infidigit, an AI-enabled digital growth partner known for delivering exceptional results in SEO, CRO, and digital growth, welcomes Pinaki Gupta as Director – Strategy and Oversight. Pinaki’s vast experience in driving business transformation and fostering innovation will be instrumental in shaping Infidigit’s strategic direction and positioning the organisation for long-term success.

With a career spanning global enterprises such as Tata Interactive Systems and MPS Interactive and as the founder of Pisarto, a prominent home decor marketplace, Pinaki has consistently driven innovation and growth. His expertise will play a pivotal role in further scaling Infidigit’s vision and helping it explore untapped opportunities in the dynamic digital marketing ecosystem.

Sharing his thoughts, Pinaki Gupta, said, “Infidigit’s rise as a leader in digital marketing has been remarkable. Kaushal and his team have built an organisation with a strong culture of innovation and performance that truly sets them apart. I am excited to join Infidigit as an Advisor to bring a new perspective and help evaluate business opportunities and accelerate their growth journey. Together, we will focus on building strategic frameworks that ensure Infidigit continues to thrive in an evolving digital-first world.”

Kaushal Thakkar, Founder and Managing Director of Infidigit, said, “Pinaki and I share a long and fruitful professional history, during which I’ve consistently been impressed by his incisive strategic mind. His knack for challenging the status quo and driving transformative change makes him an ideal fit for Infidigit’s ambitious growth trajectory. We’re excited to leverage his mentorship as we reach new heights, fortify our leadership team, and continue delivering exceptional results for our clients.”

Infidigit, under Kaushal Thakkar’s leadership, has consistently set benchmarks in SEO, CRO, and digital growth strategies. With over 100 award-winning campaigns, Infidigit has delivered measurable results across industries. Pinaki’s addition to the leadership team further strengthens its mission of combining innovation, leadership, and performance to help businesses grow sustainably.

About Infidigit:

Infidigit, an AI-enabled digital growth partner, empowers top brands to achieve impactful results through SEO, ASO, CRO, and data-driven digital strategies. At the forefront of AI innovation in marketing, Infidigit is developing a SaaS product to further simplify SEO. With a proven track record of measurable success, Infidigit partners with startups, MSMEs, and enterprises across diverse industries, enabling them to thrive in the digital-first economy. Their commitment to excellence is underscored by over 100 award-winning campaigns recognized by prestigious platforms such as the SMX, APAC Search Awards, ET BrandEquity Shark Awards, Sparkies and Exchange4Media IDMA. Infidigit continues to set new standards in digital marketing, driving sustainable growth and unparalleled success for its clients.

Photo: https://mma.prnewswire.com/media/2586855/INFIDIGIT_Pinaki_Gupta.jpg
Logo: https://mma.prnewswire.com/media/2586856/Infidigit_Logo.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/infidigit-welcomes-pinaki-gupta-as-an-advisor-to-foster-leadership-and-drive-strategic-growth-302339145.html

Continue Reading

Technology

AU NOMO Credit Card: A Smart Way to Leverage Fixed Deposits

Published

2 hours ago

on

December 26, 2024

By

AHMEDABAD, India, Dec. 26, 2024 /PRNewswire/ — AU Small Finance Bank (AU SFB) has unveiled its latest offering, the AU NOMO Credit Card, a groundbreaking financial product that allows individuals to access credit while still growing their savings. This innovative credit card leverages the power of Fixed Deposits (FDs) as collateral, providing cardholders with enhanced purchasing power without compromising their long-term savings goals.

The AU NOMO Credit Card enables users to use their fixed deposits to secure a credit limit, offering a unique opportunity for first-time credit card applicants or individuals wanting to build their credit scores responsibly. This solution particularly benefits those with limited documentation or a lack of traditional credit history.

Key Features of the AU NOMO Credit Card

Contactless Payments: Enjoy secure and seamless tap-and-pay transactions for daily purchases.Card Liability Protection: Safeguards user against unauthorized transactions, card skimming, and online fraud with comprehensive liability coverage.Reward Points Program: User can earn reward points on retail, utility, and insurance transactions to maximize the value of their spending.Milestone Rewards: Unlock additional rewards for meeting specific quarterly spending goals.Lounge Access Benefits: Get complimentary access to domestic airport and railway lounges, subject to meeting spending criteria.Fuel Surcharge Waiver: Save on fuel transactions within a specified range with a surcharge waiver.

Eligibility Criteria

Here’s what one must know for eligibility criteria for AU NOMO credit card: 

Age: 18 to 75 yearsCitizenship: Indian ResidentFixed Deposit: Creation and maintenance of a fixed deposit with AU Small Finance Bank

The AU NOMO Credit Card (Credit Card against FD) offers an easy and seamless application process with a digital interface, making it accessible to anyone looking to leverage their savings for immediate spending power. The card promises to meet the needs of those starting their credit journey and those seeking additional flexibility in their financial dealings.

The AU NOMO Credit Card redefines the traditional approach to credit by allowing users to continue earning interest on their Fixed Deposits while enjoying the purchasing power that comes with a credit card. Whether for essential daily expenses or significant purchases, the AU NOMO Credit Card perfectly balances saving and spending, empowering individuals to achieve their financial goals without compromise.

For more information on the AU NOMO Credit Card, visit https://www.aubank.in/personal-banking/credit-cards/nomo-credit-card

About AU Small Finance Bank

AU Small Finance Bank, one of India’s leading small finance banks, is committed to transforming banking by focusing on customer-centric services and a deep understanding of the Indian market. More details on AU Small Finance Bank and its financial products like credit cards can be found online.

Logo: https://mma.prnewswire.com/media/2556252/5023474/AU_Small_Finance_Bank_Logo.jpg

 

View original content:https://www.prnewswire.com/in/news-releases/au-nomo-credit-card-a-smart-way-to-leverage-fixed-deposits-302338324.html

Continue Reading

Technology

Treat Yourself to a New Christmas Experience by Self-Gifting viaim’s AI Recording Earbuds, Perfect for a More Pleasant and Efficient Workplace

Published

2 hours ago

on

December 26, 2024

By

SINGAPORE, Dec. 26, 2024 /PRNewswire/ — As Christmas approaches, the concept of self-gifting has become more popular with top business executives to help them get into the holiday mood. Especially designed for the office, a gift of AI recording true wireless earbuds launched by viaim, an AI technology hardware company deeply rooted in the smart office sector, can improve work efficiency, thereby lifting the spirits and improving quality of life for busy workplace elites ahead of the busy and stressful holiday period.

The person who understands themselves best is themselves. It is in this spirit that viaim is encouraging people to give themselves some extra love and care during this holiday season because they deserve it. The Christmas self-gifting trend that has been gaining popularity in recent years sees people pay more and more attention to creating a higher quality life for themselves in their busy work lives. Especially towards the end of the year, consumers are choosing to treat themselves with practical and pleasant gifts for Christmas. Earbuds have become a solid choice for self-gifting because of their usefulness in multiple scenarios, allowing users to enjoy a quality listening experience during work meetings and holiday relaxation time.

The amazing features of the Viaim Nano+ and Viaim Air open-ear AI recording true wireless earbuds make them the perfect choice for self-gifting this Christmas

13 language transcription and real-time translation: During the Christmas holidays, many business professionals travel internationally with friends or spend the holidays with family in countries that don’t speak their native language. viaim headphones allow users to communicate with local people around the world, jumping the language barrier and making cross-border communication smoother and the journey more interactive, fun, and memorable.VIAIM AI Smart Assistant: Generate “Summaries“ and “To-Do Lists“ with one click to help quickly complete an annual report or New Year’s business plan, allowing the festive atmosphere to be enjoyed without missing any key points.Flash Record function: Whether it is to conceive new ideas for next year’s project or suddenly think of a perfect Christmas gift list, inspiration during the holidays is often fleeting. Long press the viaim earbuds for one-click flash recording to capture ideas as soon as the spark of inspiration comes to mind.Noise reduction and a comfortable wearing experience: High-quality 45db noise reduction can provide users with a moment of quietness at Christmas parties, and the comfortable and lightweight design is suitable for long-term wear, meaning a quiet and enjoyable listening atmosphere can be enjoyed during the holidays.

Cecile from VIAIM shared: “Christmas is the time of year to relax and be grateful. It is of course a time to give gifts and be generous to others, but we also must remember to be kind to the person that knows us best – ourselves. Through our brand vision of “work smarter, not harder,” we hope to help people find their own special holiday moments in their busy work life by using our super-efficient office earbuds, so that everyone can enjoy a more productive and enjoyable life experience. I would like to personally wish all our customers, both new and old, a peaceful, relaxing, and happy Christmas.”

About VIAIM

VIAIM is an innovative technology company in the consumer-goods sector. With a focus on versatile, multimodal interactions, we strive to provide effective solutions that meet users’ specific needs. By harnessing state-of-the-art technology, we bring our visionary ideals to life, helping people embrace the incredible possibilities the Company offers.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/treat-yourself-to-a-new-christmas-experience-by-self-gifting-viaims-ai-recording-earbuds-perfect-for-a-more-pleasant-and-efficient-workplace-302339158.html

SOURCE VIAIM

Continue Reading

Trending