Tagged: WEB

BAIOO Family Interactive Limited Releases Supplement Information for 2014 Interim Results

HONG KONG, Aug. 15, 2014 /PRNewswire/ — BAIOO Family Interactive Limited (“BAIOO” or the “Company”; stock code: 2100), China’s largest online entertainment destination designed for children, provided the following explanation about the impact on its 2014 First Half Results of the existence of its convertible redeemable preferred shares until April 10, 2014.

In its Announcement published on August 14, 2014, the Company, under IFRS accounting standards, reported a fair value loss of RMB327.7 million on its convertible redeemable preferred shares for the six months ended 30 June 2014 due to the continued increase in the equity value of the Company.

After the Company’s IPO on April 10, 2014, the convertible redeemable preferred shares were converted into common shares of the Company and ceased to exist.

As a result, from this date on, the need to record adjustments for gain(s) or loss(es) in fair value has ceased to exist and no such adjustment will impact the Company’s results for the second half of 2014.

This is why the Company has chosen to focus on its adjusted net profit (up 20.7% year over year) as management believes it better reflects the fundamental performance of the business, currently and going forward.

Fair value Loss of convertible redeemable preferred shares does not result in any forms of cash payment or payable to any parties.

About BAIOO

The Company operates the largest online entertainment destination designed for children as measured by revenue in 2013. Its web portal page, 100bt.com, is a centralized platform for interactive children’s content through which users can access all six of its virtual worlds and entertainment, e-learning and other products and services using one registered account. Representing its core brand values of “Dreams, Friendship and Development,” BAIOO’s virtual worlds and their characters have gained strong awareness among children and parents in China. As the leading provider of interactive online content for children in China, the Company has accumulated an extensive knowledge base and deep understanding of children’s behavior and needs with respect to online activity and consumption. Through BAIOO’s commitment to create a safe and fun environment with age-appropriate content and its understanding of children’s needs, the Company’s products and services have gained the trust of parents and regulators. Leveraging the Company’s competitive strengths, BAIOO plans to pursue a variety of growth strategies, including increasing its addressable market, expanding its online product offerings, strengthening its brand, and continuing to execute its mobile strategy. The Company also intends to leverage its strong brand recognition, expertise in the industry and unique product development and operating model to expand into new international markets over time and is committed to maximizing shareholder value over time.

Logo – http://photos.prnasia.com/prnh/20140814/8521404592LOGO

Baioo Family Interactive Limited Announces 2014 Interim Results

HONG KONG, Aug. 15, 2014 /PRNewswire/ —

Highlights of the First Half of 2014:

  • Total revenues for the six months ended 30 June 2014 were RMB287.8 million, representing a 35.0% increase from RMB213.2 million for the six months ended 30 June 2013
  • Gross profit for the six months ended 30 June 2014 was RMB208.4 million, representing a 23.8% increase from RMB168.4 million for the six months ended 30 June 2013
  • Adjusted net profit for the six months ended 30 June 2014 were RMB140.6 million, representing a 20.7% increase from RMB116.5 million for the six months ended 30 June 2014
  • Adjusted EBITDA for the six months ended 30 June 2014 were RMB160.5 million, representing a 17.8% increase from RMB136.3 million for the six months ended 30 June 2013
  • Average Quarterly Active Accounts (“QAA”) reached 56.2 million, up 3.1% period-on-period
  • Average Quarterly Paying Accounts (“QPA”) were 3.3 million, up 17.9% period-on-period
  • Average Quarterly Average Revenue per Quarterly Paying Accounts (“ARQPA”) was RMB41.9, up 15.1% period-on-period

BAIOO Family Interactive Limited (“BAIOO” or the “Company”; stock code: 2100), China’s largest online entertainment destination designed for children, today released the unaudited consolidated results for the first half of 2014 ended 30 June.

The Company’s revenue for the six months ended 30 June 2014 was RMB287.8 million, representing a 35.0% increase from RMB213.2 million for the six months ended 30 June 2013. Gross profit for the six months ended 30 June 2014 was RMB208.4 million, representing a 23.8% increase from RMB168.4 million for the six months ended 30 June 2013. This was primarily benefited from revenue growth of the Company’s existing major titles such as legend of Aoqi and Aola star, contributing an increase in average quarterly ARQPA.

For the six months ended 30 June 2014, all key operation metrics grew period-on-period. The average QAA for the Company’s online virtual worlds including Aobi Island, Aola Star, Dragon Knights, Light of Aoya, Legend of Aoqi, Clashes of Aoqi, were approximately 56.2 million, up by 3.1% period-on-period. The average QPA for the Company’s online virtual worlds was approximately 3.3 million, up by 17.9% period-on-period as a result of the increasing popularity of the Company’s virtual worlds. The average quarterly ARQPA for the Company’s online virtual worlds was approximately RMB41.9, up by 15.1% period-on-period which is attributed to the increase in monetization rate of the Company’s virtual worlds as their popularity continued to increase.

In the first quarter of 2014, the Company launched the mobile version of Quanquan. In June 2014, the Company also launched Magic Fighter ahead of planned September release date to capture the summer season.

Mr. Billy Wu, the CEO of BAIOO, said “With the trust of both parents and children, we continue to deliver strong performance. Our existing virtual worlds continued to build momentum and our edutainment ecosystem continued to evolve with the progresses we made with WenTa, an online tutorial platform, as well as other products. I am also very pleased to see another new virtual world being added to our portfolio, which will bring more fun and edutainment experiences to our fans in China.”

Outlook

In the fourth quarter of 2014, the Company plans to explore into a new genre of entertainment product targeting the young teenager market characterized by higher user stickiness and revenue per user. With the characters that have a long-lasting appeal to children, the Company is partnering with a production company to produce the first animation movie. The Company signed an agreement in which it provides the intellectual property licenses and the partner picks up all production costs. This unlocks value in the IP at minimal risk.

“We strive for leading the pre-teenage children’s entertainment market as well as exploring new products into the lucrative young teenager market aged between 14-16,” Billy concluded.

– End –

About BAIOO

The Company operates the largest online entertainment destination designed for children as measured by revenue in 2013. Its web portal page, 100bt.com, is a centralized platform for interactive children’s content through which users can access all six of its virtual worlds and entertainment, e-learning and other products and services using one registered account. Representing its core brand values of “Dreams, Friendship and Development,” BAIOO’s virtual worlds and their characters have gained strong awareness among children and parents in China. As the leading provider of interactive online content for children in China, the Company has accumulated an extensive knowledge base and deep understanding of children’s behavior and needs with respect to online activity and consumption. Through BAIOO’s commitment to create a safe and fun environment with age-appropriate content and its understanding of children’s needs, the Company’s products and services have gained the trust of parents and regulators. Leveraging the Company’s competitive strengths, BAIOO plans to pursue a variety of growth strategies, including increasing its addressable market, expanding its online product offerings, strengthening its brand, and continuing to execute its mobile strategy. The Company also intends to leverage its strong brand recognition, expertise in the industry and unique product development and operating model to expand into new international markets over time and is committed to maximizing shareholder value over time.

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 http://www.Interush.com.

NetDragon Websoft Inc. to Report 2014 Interim Financial Results on August 22, 2014

HONG KONG, Aug. 8, 2014 /PRNewswire/ — NetDragon Websoft Inc. (“NetDragon”; Stock Code: 777), a leading developer and operator of online games and mobile Internet platforms in China, today announced that it will report its 2014 interim financial results on Friday, August 22, 2014, after the close of Hong Kong stock market. Following release of the results announcement, NetDragon’s management will host a conference call and webcast to discuss the results at 8:00 PM on August 22, 2014 Hong Kong Time.

Details of the live conference call are as follows:

Time: 8:00 PM Beijing / Hong Kong Time / 8:00 AM Eastern Time, August 22, 2014

International Toll

65-6723-9381

US Toll Free

1-866-519-4004

Hong Kong Toll Free

800-930346

China Toll Free (for fixed line users)

800-8190-121

China Toll Free (for mobile users)

400-6208-038

Passcode

NetDragon

A live and archived webcast of the conference call will be available on the Investor Relations section of NetDragon’s website at http://ir.netdragon.com/investor/ir_events.shtml. Participants in the live webcast should visit the aforementioned website 10 minutes prior to the call, then click on the icon for “2014 Interim Results Conference Call” and follow the registration instructions.

About NetDragon

NetDragon Websoft Inc. (HKSE: 0777) is a leading innovator and creative force in China’s mobile internet industries. Established in 1999, we are a vertically integrated, cutting-edge R&D powerhouse with a series of successful track record including building the No. 1 Chinese online gaming portal – 17173.com, being a pioneer in MMORPGs with our renowned self-developed flagship games such as Eudemons Online and Conquer Online gaining huge popularity amongst players, and creating China’s most influential and most popular smartphone app store platforms under the 91 Wireless business unit, before disposing the business to Baidu in 2013 in a landmark transaction which to date is the largest internet M&A transaction in China. In addition, we are China’s pioneer in overseas expansion, directly operating game titles in a broad number of countries since 2003 and in over 10 languages internationally. In recent years, we are also becoming a major player in the online and mobile education segment with the vision to leverage our mobile internet technologies and know-how to make learning more fun, motivational and effective compared to the traditional classroom learning model.

For investor enquiries, please contact:

NetDragon Websoft Inc.
Ms. Maggie Zhou
Senior Director of Investor Relations
Tel.: +86 591 8754 3120
Email: maggie@nd.com.cn; ndir@nd.com.cn
Website: www.nd.com.cn/ir

E-House to Report Second Quarter 2014 Financial Results on August 20, 2014

SHANGHAI, Aug. 6, 2014 /PRNewswire/ — E-House (China) Holdings Limited (“E-House”) (NYSE: EJ), a leading real estate services company in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2014 before the U.S. markets open on August 20, 2014.

E-House’s management will host an earnings conference call on August 20, 2014 at 8:15 a.m. U.S. Eastern Time (8:15 p.m. Beijing/Hong Kong time).

Dial-in details for the earnings conference call are as follows:

U.S./International:

+1-845-675-0437

Hong Kong:

+852-2475-0994

Mainland China:

+86-10-800-819-0121

Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call. The passcode is “E-House earnings call.”

A replay of the conference call may be accessed by phone at the following number until August 28, 2014:

International:

+1-646-254-3697

Passcode:

84809773

Additionally, a live and archived webcast will be available at http://ir.ehousechina.com.

About E-House

E-House (China) Holdings Limited (“E-House”) (NYSE: EJ) is China’s leading real estate services company with a nationwide network covering more than 250 cities. E-House offers a wide range of services to the real estate industry, including online advertising, primary sales agency, secondary brokerage, information and consulting, offline advertising and promotion and real estate investment management services. E-House has received numerous awards for its innovative and high-quality services, including “China’s Best Company” from the National Association of Real Estate Brokerage and Appraisal Companies and “China Enterprises with the Best Potential” from Forbes. For more information about E-House, please visit http://www.ehousechina.com.

For investor and media inquiries, please contact:

In China:

Michelle Yuan
E-House (China) Holdings Limited
Phone: +86 (21) 6133-0754
E-mail: michelleyuan@ehousechina.com 

Mr. Derek Mitchell
Ogilvy Financial, Beijing
Phone: +86 (10) 8520-3073
E-mail: ej@ogilvy.com

In the U.S.:

Mr. Justin Knapp
Ogilvy Financial, U.S.
Phone: +1 (616) 551-9714
E-mail: ej@ogilvy.com

delivery.com Connects Merchants with Corporate Customers on Hong Kong’s First Major Local Delivery Network

 

HONG KONG, July 22, 2014 /PRNewswire/ — One of the U.S.’s leading online ordering platforms, delivery.com has expanded internationally for the first time with a Hong Kong debut. Soft launched this past spring, delivery.com Hong Kong (hk.delivery.com) is now publicly available to corporate customers to satisfy a hungry demand amongst corporate employees who wish to order meals from their favorite restaurants to their offices. The platform offers a user-friendly, online ordering experience that aggregates a curated selection of high-quality restaurants for corporate customers looking for high quality and healthier options for daily meals or large corporate meetings. In addition to restaurants, hk.delivery.com features a wide range of products, from desserts to cold-pressed juices, organic groceries and more.

Photo – http://photos.prnewswire.com/prnh/20140718/129151
Logo – http://photos.prnewswire.com/prnh/20140718/128632

With the strongest online selection of premium and popular local merchants in Hong Kong, hk.delivery.com is rapidly expanding its merchant portfolio. The site makes menus from quality restaurants, such as Harlan Goldstein’s Comfort, Doppio Zero and Locofama, a few simple clicks away. During the workday’s peak hours, healthy and freshly prepared food is delivered to offices, serving as an excellent solution for team meals or boardroom meetings.

Selecting Hong Kong as its first international market was part of a strategic decision by delivery.com to establish a strong presence across Asia. According to a January Euromonitor study, there is much room for growth in Hong Kong’s delivery services sector; currently only 3 percent of the HK$65 billion revenue generated by full service restaurants comes from food delivery. Independent businesses face enormous overhead costs due to the premium real estate market and sky-high rents.

While food delivery is a logical way to maximize revenues, the technological investment is often beyond smaller independent operators’ means, making hk.delivery.com’s platform an attractive, investment-free and economical way for merchants to increase revenue. “delivery.com has been a great way for us to grow our customer base and explore a new market opportunity. Since joining delivery.com, our lunch orders have increased significantly and we expect to grow further by 20 to 30 percent. I also really love their user friendly website which makes our food look super yummy and enticing,” says King’s Taste operator Lily Hung. Many of delivery.com’s current restaurants in the U.S. can make up to 40 percent of their overall business from takeout and delivery, allowing them to generate significant income without having to increase their brick-and-mortar footprint in high-rent areas.

Furthermore, the Hong Kong corporate work culture mirrors New York and is well suited for major growth in online ordering. Hong Kong employees worked an annual average of nearly 2,300 hours at the office, the fifth-longest number of hours among all global cities according to a Price and Earnings Report by UBS in 2012. Time-pressed employees prefer home delivery/takeaway as a convenient, efficient and time saving way to enjoy meals.

delivery.com Hong Kong’s President (from hk.delivery.com), Didier Bensadoun said, “As a financial hub with a highly concentrated corporate center and residential footprint, Hong Kong is ripe for hyperlocal e-commerce. Long working hours, the growing popularity of team lunches, and an increasingly tech-savvy consumer support the need for a local online marketplace where customers can order high-quality, healthier delivery options, particularly during lunchtime’s peak hours.”

Bringing delivery.com’s decade of e-commerce expertise to Hong Kong, hk.delivery.com is serving a customer base of some of the leading corporate entities in key business districts. The two-sided marketplace allows merchants to list as many or as few dishes on their page, and create new offerings or meal sets according to their service capabilities. The merchant partner just needs to prepare and deliver orders received. “Since joining the delivery.com platform here in Hong Kong delivery.com has brought us plenty of new clients. They get the F&B business and understand how to make online sales work for us,” says James Fisher of Little Burro, Burrito restaurant in Causeway Bay and Sheung Wan.

To become a delivery.com merchant, the only requirement is a fax machine or phone with no upfront fees or investment needed. delivery.com is an attractive, economical and trouble free solution for restaurants looking to capture a larger share of the HK$65 billion food service market in Hong Kong without increasing their spend or square footage.

Initially available for corporate customers, but with future plans to expand into residential areas, the company currently focuses on serving the needs of Hong Kong’s financial and legal industries workers, which are its most active customer base. Hong Kong will have more than 260,000 such positions by 2016, eclipsing New York and London, according to London’s Center for Economics and Business Research.

delivery.com is currently adding more and more of the city’s corporate leaders as ordering clients every day. They can create an account online, enter their location and receive a list of merchants and services in their immediate area. They can then browse selections and order their meals.

About delivery.com

delivery.com empowers the neighborhood economy by enabling customers to order online from their favorite local restaurants, grocery stores, wine and spirits shops, and laundry and dry cleaning providers. Every day more than one million delivery.com customers explore their communities and order from more than 10,000 local businesses while at home, at work, or on the go. With headquarters in New York and a growing presence throughout the U.S. and internationally, delivery.com makes e-commerce an integral part of local daily life, helping customers shop, businesses grow, and neighborhoods thrive.

Notable delivery.com Hong Kong Merchants

Doppio Zero
Happy Cow Ice Cream
Harlan Goldstein’s Comfort
Koh Thai
Little Burro
Locofama
Maya Cafe
PizzaExpress
Noodlemi
Sugo Sushi To Go

WGSN Group Announces Launch of New WGSN.com, Combining the Best of WGSN and Stylesight Into A Single, Global Platform

LONDON, July 21, 2014 /PRNewswire/ — WGSN Group, the knowledge partner for the global style and retail sectors, today announced that the new WGSN.com service will launch on 4thAugust 2014. The product has been designed around the highly respected Stylesight technology which has been enhanced with additional features to create the new super-platform. The new product will be called WGSN and its visual identity reflects the coming together of these two market-leading trend services.

Based on robust customer research, the new WGSN.com will combine new technology with the world’s most talented, commercially creative people to make future trend forecasting as inspirational, accurate and commercially effective as it can be.

WGSN Group offers five pillars of content: consumer intelligence, trend forecasting, commercial product development, retail strategy and data analytics. Within trend forecasting, the new WGSN super-platform will provide technological innovations including fast search, tailored content, increased shareability and a professional design toolkit which will enable sophisticated high resolution zoom, clip functions and extensive print and download facilities.

From August, WGSN.com will also offer an increased scale and breadth of analysis to its 75,000 users. The single platform will offer the viewpoints of content experts from hubs in London, New York, Hong Kong and Sao Paulo, available in five languages.

Steve Newbold, Global Managing Director WGSN Trends, said:

“We are really excited to announce the launch of the new WGSN. We have listened to our customers and taken advantage of technology and innovation to deliver a truly market-changing product. The increased global reach and depth of content within the new platform elevates the value and strength of what WGSN can offer, saving our customers time, helping them collaborate more effectively and giving them even more certainty. Ultimately, it empowers their business to make better decisions and to be more competitive.

Carla Buzasi, who is joining WGSN in the newly created Global Chief Content Officer role, will lead the content strategy across WGSN.com. She will bring considerable content expertise and sound commercial and editorial judgement which will add a further dimension to the Group’s global operations. Carla will also ensure we constantly excel at bringing great content propositions to market which provide a brilliant customer experience,” Steve added.

Catriona Macnab, Chief Creative Officer WGSN, said:

“The strength of our global content experts ensures that our customers will continue to have the most trustworthy, innovative and experienced people giving them a creative and commercial point of view. The new, highly-intuitive, super platform is filled with deep local knowledge from all major regions, giving users fast access to whatever they need to grow their business.”

Isham Sardouk, SVP Chief Creative Officer Stylesight, said:

“Stylesight’s extensive understanding of the American market, the expertise of WGSN in Europe and our combined strength around the world will now come together with all the key features and services our customers need. Our Advisory, research and content teams have mastered the art of deciphering data and applying sharp judgement which helps our clients transform trends into successful creative business. Uniting WGSN and Stylesight will only create more amazing things.”

WGSN is a leading provider of global trend forecasting services. Over the past three years, more than GBP50m has been invested in WGSN Group, including in people, technology, infrastructure, content, innovation and acquisitions.