Formula E: The Watch, the Team, the Car…

LA CHAUX-DE-FONDS, Switzerland, Aug. 30, 2014 /PRNewswire/ —

– The Future is Electric 

– TAG Heuer to premiere FIA Formula E Championship season at special VIP press event in Beijing


– TWO PIONEERS: The leader in prestigious and high-end chronographs joins forces with the world’s first-ever electric car open championship

Uber-cool Swiss watch brand TAG Heuer will mark the start of the world’s first electric car race season on 31st August with a king-sized VIP party in Beijing, home of the new championship’s electrifying season opener.

To view the Multimedia News Release, please click:


The event officially inaugurates the pioneering Swiss brand’s latest adventure in motor-racing, which starts 13 September in Beijing and closes 27 June, 2015 in London. TAG Heuer is the Official Watch, Partner and Timekeeper of the FIA Formula E Championship for all ten events, a role it has played several times over the decades, for major motor-racing series and circuit around the world, from Formula One in the 1970s to Indy 500 in 20XX and the Monaco Grand Prix today.

“Cars have fueled and inspired this brand since its earliest days,” said Stephane Linder. We invented the first dashboard counters back in 1911, partnered with Ferrari in Formula One in the 1970s, have been part of the most wining team in the sport, McLaren Mercedes, since 1985, and backed champions from Juan-Manuel Fangio in the 50s to Jenson Button and Stephane Ogier in 2014. Now we are proud to be part of the world’s newest and most innovative open championship-a path-breaking initiative that, like TAG Heuer, is a fusion of engineering, technology, sport, science, and design – all combining to drive the change towards a better tomorrow.”

In all, 10 cities will play host to the Formula E series, including Putrajaya, Malaysia,  Buenos Aires, Argentina, Punta del Este, Uruguay, Miami and Long Beach in the United States, and Berlin and Monte Carlo in Europe.

TAG Heuer’s colors and crest will line the street circuits of each Formula E city. They will also be worn by the crew and car of TAG Heuer’s other Formula E partner: China Racing Formula E Team and its drivers Nelson Piquet, Ho-Pin Tung and Antonio Garcia.


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Analytics, Personalization and Monetization Differentiates Global Online Video Platforms

— In order to remain competitive, vendors must create tighter technology partnerships to provide customers with value-added services, finds Frost & Sullivan

MOUNTAIN VIEW, Calif., Aug. 27, 2014 /PRNewswire/ — The global online video platform (OVP) market is set to double by 2019 as video rapidly becomes a critical means of stakeholder communication and collaboration for enterprises globally. Due to content proliferation and the bring your own device (BYOD) trend, OVP’s are becoming an essential fixture as media and entertainment (M&E) companies are urged to economically deliver video to fast-growing, fragmented video-enabled consumer devices. 

A new analysis from Frost & Sullivan, Analysis of the Global Online Video Platforms Market, finds that the market earned revenue of $369.4 million in 2013 and is estimated to reach $800.2 million by 2019.

For complimentary access to more information on this research, please visit:

“As more niche content finds its way online and intense competition causes customers to differentiate on content selection, time to market, and quality of experience, OVPs will be critical to ensure business success for M&E firms,” said Frost & Sullivan Digital Media Industry Analyst Anisha Vinny. “The inability of M&E organizations to handle the complexity of publishing video online is particularly fuelling the demand for OVPs that can manage and monetize video assets.”

Where budgets are constrained and in regions where the economy has yet to pick up, OVP deployments are slower, which in turn makes home-grown solutions or YouTube popular substitutes. Security concerns around handling branded Intellectual Property (IP) in the cloud and the lack of enterprise-wide video strategies also present challenges.

In addition, there is also confusion around what constitutes an OVP owing to the number of features, including transcoding, DRM, analytics and multi-platform delivery. From a customer’s perspective, comparing various product features, pricing and deployment options is complicated. This lack of market awareness around exact capabilities of an OVP makes consumer education and the right messaging critical.

“Investing in tighter technology partnerships to provide customers with value-added services and critically analyzing product portfolios to make partner versus acquire decisions will be key to maintaining a competitive edge in this market,” noted Vinny. “Even if they do not cultivate a strong local presence, OVP vendors must at least invest in building relationships with reseller channels in Latin America, the Middle East and Asia-Pacific to widen their market scope.”

As a result, offering analytics, metrics and personalization that enable companies to derive value from their video assets will help OVP vendors differentiate themselves in the evolving market.

Analysis of the Global Online Video Platforms Market is part of the Digital Media ( Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Big Data Analytics Market, Global Lecture Capture Solutions (LCS) Market, Global Video and Ad Insertion Server Market, Global Media and Entertainment Solutions for the Cloud, and Global Enterprise Video Webcasting Solutions. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Analysis of the Global Online Video Platforms Market

Clarissa Castaneda
Corporate Communications – North America
P: +1.210.477.8481
F: +1.210.348.1003

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361 Degrees Announces 2014 Interim Results

HONG KONG, Aug. 19, 2014 /PRNewswire/ — 361 Degrees International Limited (“361 Degrees” or the “Company”, together with its subsidiaries, the “Group”; HKSE stock code: 1361), one of the leading sports brand enterprises in China, announces its results for the six months ended 30 June 2014.

Financial Highlights

For the six months

ended 30 Jun




Turnover (RMB million)




Operating profit (RMB million)




Profit before taxation

(RMB million)




Profit attributable to equity shareholders (RMB million)  




Basic EPS (RMB cents)




Interim dividend per share

RMB5.0 cents

(HK6.2 cents)

RMB4.0 cents

(HK5.1 cents)


Profitability ratios (%)

Gross margin



+0.7 p.p.

Operating margin



+2.0 p.p.

Net margin



+2.3 p.p.

Effective income tax rate



+2.3 p.p.

Costs as percentage of turnover (%)

Research and Development



+0.1 p.p.

Admin staff costs



Advertising and Promotion



-1.5 p.p.

Rack subsidies



+2.1 p.p.

Cash position (RMB million)

As at

30 Jun 2014

As at

31 Dec 2013


(RMB million)

Net cash position




Net cash generated from

operating activities




Whilst the Chinese economy decelerated to slower growth in the first half of 2014, the sportswear industry remained poised for a recovery as the twin effects of a stock overhang and heavy discounting subsided. Although consumer sentiment remained relatively subdued in the face of uncertain economic times, there are increasing signs that retailers are starting to return to profitability even if competition remained intense.

Against such a competitive environment, 361 Degrees held its own ground, registering a turnover of RMB2.1 billion for the six months ended 30 June 2014 (first half of 2013: RMB2.0 billion), an improvement of 4.6%. This is despite having reported lower trade fair orders but delayed deliveries carried forward into this financial year helped bolster turnover. Gross profit margin showed a marginal growth of 0.7 percentage point to 39.7% as a result of lower sourcing costs which more than offset the reduction in wholesale pricing.

With the Group maintaining tight cost discipline, both selling and distribution as well as administration expenses were controlled to a lower level as compared with the same period last year, enabling an operating profit of RMB361.1 million, which is an 18.0% improvement than that achieved in the first half of 2013.

Profit before taxation, at RMB368.8 million (first half of 2013: RMB280.5 million) jumped 31.5%, primarily due to an unrealized gain on a revaluation of the outstanding convertible bonds. Taxation remained at a relatively higher rate due to losses in the non-operating offshore subsidiaries.

The improved performance arising from the above-mentioned favorable factors enabled the Group to report a net profit attributable to equity shareholders of RMB263.4 million (first half of 2013: RMB205.3 million), equivalent to basic earnings per share of RMB12.7 cents, which is 28.3% higher than that of the same period last year.

On the operation side, a number of initiatives taken by the Group over the last two years have helped to put the retail operations on a much stronger footing. Stores which have not been profitable were encouraged to be closed whilst distributors, having been given better terms, were requested to pass on some of the benefits in their pricing to retailers. In addition, the Group has spent a total of RMB125.6 million (first half of 2013: RMB78.0 million) as rack subsidies directly to the retailers in the form of custom-made racking shelves and related fixtures.

For stores which are large enough to carry the product lines of 361 Degrees Kids and Innofashion to convert into composite or “3-in-1” stores, store traffic has visibly improved. As at 30 June 2014 there are now 1,007 such composite stores, many of which are in prime pedestrian streets. This augurs well for future retail profitability especially as product education and training of these retailers have further improved customer service.

Above all, the Group’s investment in research and development has now produced a strong portfolio of products that are attractively-priced and yet highly competitive in performance. These have been well-accepted in the marketplace and there is further room for improvement in both pricing and volume.

Financially, the Group remains in an enviably sound financial position as the operations continue to generate very strong cash flows, with a net inflow of RMB 768.9 million (2013: RMB323.2 million). The net cash position of the Group as at 30 June 2014 further improved to RMB2.7 billion, an increase of 734.6 million, compared with the end of last year. Accounts receivable has been brought under better control, with the average trade and bills receivables turnover days now falling to 165 although much more work remains to be done.

On the back of the improved results and a positive outlook for the second half-year, the Board of Directors has declared an interim dividend of RMB5.0 cents (first half of 2013: RMB4.0 cents) to be paid to shareholders on 17 September 2014. The Group will endeavor to maintain its dividend policy of not less than 40% of each year’s earnings to be paid as dividends.

Looking ahead into the second half of 2014, the Group will continue to invest in product innovation and differentiation as well as strengthening the brand equity through further promotional activities. With the network shaping up as composite stores to offer all product lines of the Group, the Group is confident that retail profitability will ultimately drive further growth. This will be evident in the full year results for 2014, which should represent a significant improvement from that of last year.

To see the full version of this release, including financial tables, click here:

About 361 Degrees International Limited

361 Degrees International Limited is one of the leading sports brand enterprises in China, possessing brand marketing, research and development, design, manufacturing, distribution and retail capabilities. The Group’s products include footwear, apparel, accessories and equipment for sport and leisure uses. The Group has established an extensive supply chain management system through proprietary and sub-contracted manufacturing operations; and an exclusive distribution and retail network in China through distribution via authorized distributors.

For further information, please contact:

361 Degrees International Limited

Mr. Y F Chen
Vice-President, Investor Relations
361 Degrees International Limited

iPR Ogilvy & Mather

Natalie Tam / Charis Yau / Janis Lai / Candy Tam
Tel:        +852-2136 6182 / +852-2136-6183 / +852-2169-0646 / +852-3920-7626
Fax:      +852-3170-6606

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Infinitus Advocates Daily Walk for 10,000 Steps

HONG KONG, Aug. 15, 2014 /PRNewswire/ — A recent research in UK has found that 36 is the age when we suddenly realize the importance of health. Rather than waiting for a health warning call, we might as well protect our lifeline proactively.

With substantial proof of direct linkage between health and walking, Infinitus, MCMIA Foundation and Hong Kong Trade Development Council (HKTDC) jointly initiate the “Infinitus Daily Walk for 10,000 Steps” Campaign to advocate walking as a daily habit, and the kick-off ceremony took place at Hong Kong Convention and Exhibition Center on 14 August. 

Vice Commissioner of State Administration of Traditional Chinese Medicine of P.R.C. Mr Yu Wenming, Secretary for MCMIA Foundation Ms. Vivien Chou, Director of Exhibitions Market Development, HKTDC, Ms. Loretta Wan, and Senior Vice President of LKK Health Products Group (LKKHPG) Mr. Harry Yeung, signed on the giant T-shirt at the ceremony to unveil the “Infinitus Daily Walk for 10,000 Steps” Campaign. Meanwhile, Infinitus also launched the “Most Beautiful 10,000-Step Walking Path Award”, and called on HK citizens to vote at

“Daily Walk for 10,000 Steps” originates from Infinitus’ unique health philosophy. “Infinitus” is the core brand of LKKHPG, and it has formulated a set of simple yet feasible practice guidance called “Missing Link of Four Regulations” as follows to foster the nurturing of healthier lifestyles among the public.

  • Diet: More vegetable less meat, eat until 70% full
  • Living: Power nap for 20 minutes and sleep before 23:00
  • Exercise: Daily walk for 10,000 steps
  • Emotion: Positive thinking

To promote “Daily Walk for 10,000 Steps”, Infinitus has already organized “Infinitus World Walking Day” in the Chinese mainland since 2010 and harvested great popularity and fruitful results. This year, the event started in June, and would walk into 12 cities all year long. Moreover, it is also coming to Hong Kong in the near future, and inviting HK citizens and foreign visitors to experience the fun and health through walking.

At the ceremony, Mr. Harry Yeung, Senior Vice President of LKKHPG and Spokesperson of Infinitus, said,” Through promoting walking at this year’s ICMCM, we aim to promote our health philosophy and the “walking day” to go global to more areas. Meanwhile, we hope more and more people from Hong Kong and abroad can become aware of benefits of walking and start to walk daily for better health.”

Samson Su

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MoveIt4: Your Key to Getting and Staying in Shape this Summer

IRVINE, California, Aug.12, 2014 /PRNewswire/ — With the summer season in full swing, now is the perfect time to get in shape for all of those fun upcoming beach and pool parties. Keeping yourself fit and healthy can seem like a daunting task, but with a solid plan in place and MoveIt4 on your side, you’ll be rocking your new fit self with confidence before you know it!

The best way to reach your fitness goals is to come up with a solid plan and stay focused on your achievements. Once you begin to see your progress, continuing to follow your plan will become easier and you will gain the confidence you need to keep moving forward. If you’re not sure how to come up with a fitness plan, visit MoveIt4 for great tips and nutrition advice. You can also follow their Facebook and Twitter feeds for daily help on how to stick to your fitness plan.

As the first part of your plan, focus on making your diet as healthy as possible: cut back on processed foods, fill up on all of the fresh fruits and vegetables that are now in season, and drink plenty of water to stay hydrated. Experts say that you should drink at least half of your body weight in ounces of water each day. Also, studies show that making your water ice cold will force your body to work harder and burn calories by maintaining its core temperature.

After ensuring your nutritional goals are set, it’s time to work out that body! Your first step should be to include plenty of cardio into your daily routine, and with the warm days the best place to do that is outdoors. If you are stuck in class all day, use your lunch break to incorporate a brisk half-hour walk into your day. Instead of driving to the grocery store this weekend, bike there and strap on a backpack to carry your food home. After work, go for a jog in your neighborhood while watching the sun set. Get creative: think of all the fun and different ways you can incorporate cardio into your schedule.

Next you will want to tone all of those muscles that you have been working out, which might sound difficult at first. However, the good news is that summertime provides plenty of ways to incorporate water sports into your fitness plan, which helps you tone quickly. Swimming, kayaking, bicycling, beach volleyball and tennis are all excellent ways to build muscle.Whatever toning exercises you choose, you’ll want to pay special attention to your abs and glutes, as those are the areas most prevalent during swimsuit season.

Now that you’re well on your way to achieving your summer fitness goals, you will want make sure to continue to stay motivated throughout the rest of the year. Consider planning ways to remain active when the seasons change by participating in a fall event, such as a charity run or group hiking trip. Check the MoveIt4 website for daily inspiration and don’t forget to reward yourself for all of your hard work, you deserve it!

“Just about everyone can get in shape and stay that way with the right motivation,” said Martin Matthews, Chairman and CEO of Interush. “MoveIt4 does an fantastic job of helping people stay on track with their fitness goals.”

The MoveIt4 website strives to turn information into inspiration for healthy living, and shows people how to take fitness and endurance and turn it into fun. People interested in staying fit and healthy can visit the MoveIt4 website for a variety of articles, tips, expert advice and celebrity mentor stories, all designed to increase wellbeing and quality of life.

MoveIt4 is powered by Interush, Inc. of Irvine, California. Interush, Inc. markets within the rapidly expanding information technology sector in Japan, Taiwan, Hong Kong, Mainland China, the U.S. and Canada. For more information, visit

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G.H.MUMM House of Champagne Supports Paris Saint-Germain on Their Inaugural Trip to Asia

HONG KONG, Aug. 2, 2014 /PRNewswire/ — G.H.MUMM, a brand known for glorifying iconic moments, is celebrating with Paris Saint-Germain on its first trip to Asia. The prestigious House of champagne became the official international* champagne sponsor for the legendary Paris Saint-Germain football club in 2013. The deal sees a five-year international partnership between the two iconic French brands.

G.H.MUMM House of Champagne supports Paris Saint-Germain on their inaugural trip to Asia

G.H.MUMM House of Champagne supports Paris Saint-Germain on their inaugural trip to Asia


The official Asia Summer Tour began with a pre-season game in Hong Kong against the local and undefeated league champion’s team, Kit Chee, on 29th July, 2014 at the Hong Kong Stadium.

G.H.MUMM celebrated the team’s arrival in the region by auctioning a G.H.MUMM Jeroboam – a global icon of victory, signed by the Paris Saint-Germain team. The event took place at the prestigious Hublot Gala dinner held at the Ritz Carlton, Hong Kong. All proceeds will go to the Hong Kong Jockey Club Football programme – a social initiative co-organised by Hong Kong Jockey Club and Kit Chee Football Club which helps the youth football development programmes in Hong Kong.

Paris Saint-Germain General Manager Jean-Claude BLANC said: “G.H.MUMM is a great symbol of victory and we are delighted with our long-term partnership with such an iconic leading House of Champagne.”

Philippe GUETTAT, Chairman and CEO for G.H.MUMM House of Champagne, said: “We are delighted to be part of Paris Saint-Germain’s success and inaugural journey into Asia. Our international partnership is a natural fit for us. G.H.MUMM shares the same values of victory, and quest for excellence.

Many Asian fans are already familiar with G.H.MUMM Champagne through its successful 14-year sponsorship of Formula 1 ®. This new partnership with Paris Saint-Germain represents an exciting phase for G.H.MUMM as it continues its presence in the international scene and growth within the APEC region.

*Outside France 

To download the images & for further news, visit G.H.MUMM Press room

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Twitter: @PSG_inside


About G.H.MUMM 

G.H.MUMM is part of Martell Mumm Perrier-Jouet, the prestigious cognac and champagne business of Pernod Ricard, world’s co-leader in Spirits & Wines. With its distinguished heritage dating back to 1827, G.H.MUMM is the leading international champagne House in France and third worldwide*. G.H.MUMM Cordon Rouge, recognisable by its red ribbon-a symbol of excellence-is the perfect embodiment of the spirit of the House: it stands out through the freshness and intensity of its style, which successive generations of cellar masters have successfully maintained and handed down. * IWSR 2012. Website:  

About Paris Saint-Germain 

Three years ago, Paris Saint-Germain set itself the goal of becoming a global sports brand by embodying in everything it does and in all its communications the values of elegance, excellence and respect that are associated with Paris whose name its brand so proudly bears.

French champions and quarter-finalists in the UEFA Champions League during the 2014 season for the second consecutive year, the first stages of the club’s project bear witness to its aim to join the very top flight European clubs. Paris Saint-Germain is very active in the media sector, particularly through PSG TV, available on the Internet in 3 versions (French, English and Spanish), and published online in 8 versions which attracts a total of 15 million page views and 1,5 million one-off visitors on average per month (with over 18% from overseas). Paris Saint-Germain is the top-ranked French club on social networks with over 20 million fans and followers (club, teams and players combined).

For media enquiries
Talk PR
Sherawaye HAGGER and Katerina TILLSON
T: +44(0)20-7268-6100
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G.H.MUMM House of Champagne – Communications Department
Stephanie MINGAM

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