Asia Pacific Daily – Breaking News, Asia Pacific, World, China, Business, Lifestyle, Travel, Special Report, Video, Photo…

To download APD News app

1. Please scan the QR Code 2. Download and install APD News App

Meituan-Dianping and Tencent Further Strengthen Partnership Through Strategic Cooperation Between Maoyan and Weying

BEIJING, Sept. 25, 2017 /PRNewswire/ -- Meituan-Dianping, China's largest service-focused e-commerce platform, announced that one of its key investments Tianjin Maoyan Culture Media Co. ("Maoyan"), China's leading online movie ticketing platform, and Weying Technology ("Weying") have agreed on a strategic cooperation to form a new company "Maoyan Weying." The combined company is well positioned to become an impactful internet and entertainment platform in China. Meituan-Dianping, Tencent, Enlight Media and Weying will continue to hold the majority stake of the combined company. Incubated and supported by Meituan-Dianping, Maoyan has become the number one online movie ticketing platform in China and a rising service provider in China's film industry by expanding into cinema marketing, film distribution and promotion, and data analysis. One of the most important film distribution and promotion companies in China, Maoyan successfully promoted Asian blockbusters such as Mr. Donkey, Some Like It Hot, Line Walker, Big Fish & Begonia, and Your Name. It has also developed a strong business in music, concerts and other show ticketing services. Meituan-Dianping is committed to promoting an "Eat Better, Live Better" lifestyle to people in China. Commenting on the cooperation, Mr. Xing Wang, CEO of Meituan-Dianping, said "Meituan-Dianping is pleased to have played a significant role in this strategic cooperation and looks forward to supporting the further development of the new combined company as an important shareholder. We are confident that the combination of Meituan-Dianping's mega services platform, WeChat, and Maoyan Weying will provide better experiences to customers on our platforms and facilitate advancement in China's online entertainment industry." Martin Lau, President of Tencent, stated "The new company created from the transaction will not only strengthen the 'Internet+Movie' integrative platform but also build up a complete chain involving many entertainment-related areas including movies and shows, providing all around support for the entire film stream from production companies to cinemas. In addition to supporting the new company through platforms like WeChat and QQ, Tencent will also partner with Maoyan Weying in many areas such as film, live shows, video, and technology, greatly strengthening our ability to better serve the needs of customers in entertainment and further enhancing user experience." This new industry achievement also marks a new step in the strengthening partnership between Meituan-Dianping and Tencent, a major initial shareholder of Weying Technology and long-term partner of Meituan-Dianping. According to the strategic cooperation agreement, the combined company will consolidate the two companies' businesses with Maoyan as a foundation. Maoyan will enter all of its businesses into the combined company, including its movie and show ticketing services, film investment and promotion, and other industry services. Weying's movie ticketing business, show business and other related assets will also go into the combined company. Changtian Wang, founder and CEO of Enlight Media, will serve as Chairman of the combined company. Ning Lin, CEO of Weying, will serve as the Vice Chairman. Zhihao Zheng, CEO of Maoyan, will serve as CEO. About Meituan-Dianping Meituan-Dianping is China's largest service-focused e-commerce platform, connecting more than 260 million young annual active buying consumers with more than three million annual active local merchants across the whole China, from tier one cities to minority counties, processing 20 million orders on a single day. Under its "Eat Better, Live Better" mission, the Company offers a one-stop daily life services platform aiming to improve overall way of life for consumers through its dominant leadership in more than 200 service and product categories. Meituan-Dianping leverages its platform strategy to drive constant product upgrades through technology innovation and empowering local businesses by boosting industry efficiency through digital, internet and mobile solutions. Meituan-Dianping is the industry leader across its four major business groups: In-Store Dining, the largest and most comprehensive online dining platform in China; Lifestyle & Entertainment (previously "In-Store Others"), the online market leader across multiple verticals, including weddings, beauty, mom & kids, KTV, renovation, and other leisure and entertainment services; On-Demand Delivery, the world's largest and most efficient delivery platform; and Travel & Leisure, with offerings covering accommodation, domestic travel, outbound travel, and transportation. For enquiries, please contact: Meituan-Dianping Jane Zuo Investor Relations Email: zuozhen@meituan.com FTI Consulting Daniel Wong Phone: +852 3768 4549 Email: daniel.wong@fticonsulting.com   Marie Peterson Phone: +86 21 2315 1131 Email: marie.peterson@fticonsulting.com   View original content:http://www.prnewswire.com/news-releases/meituan-dianping-and-tencent-further-strengthen-partnership-through-strategic-cooperation-between-maoyan-and-weying-300524924.html

Aussie Teen Brings Global Bra Campaign to New York

BRISBANE, Australia, Sept. 25, 2017 /PRNewswire/ -- Amy Mason @GirlsUnderCoverAUS 17 year-old Amy Mason has become Australia's first lingerie influencer as she helps women find the confidence to get a bra fitting. Today in New York, Times Square is spreading her message loud and clear through a billboard, as she breaks the stigma about girls finding a supportive and well fitted bra.For high-res images, please visit the Multimedia News Release:http://news.medianet.com.au/girlsundercoveraus/aussie-teen-global-bra-campaign Girls Undercover is a newly created social account inspiring girls globally to get fitted! She is trying to break the stigma around bra fittings and bras, encouraging all girls to get fitted no matter what size and shape they are. Girls Undercover has already gained thousands of views on her video about this important subject via Facebook.   Amy was shocked at stats and believed that something needed to be done now! "Statistics show 90% of girls under the age of 21 have never had a bra fitting, and 80% are wearing the wrong size bra," Amy says. Amy, a Brisbane, QLD, Australian Senior in her last year of High School has now taken it upon herself to make a difference. Amy's global mission to get every girl under the age of 21 fitted for a bra and to break the stigma surrounding the subject – to make them aware how simple yet important it is to be fitted.  "Teens live on their phones; social media is my generation's way of getting messages out there and what better way to inspire young girls than to share this important message." Amy explains, "If women don't wear the right bra they can cause breast tissue damage which can be irreversible." Growing up in her family's lingerie business, Amy knows the importance of wearing the right size bra but she is amazed at the number of girls that have never had a fitting before. She grew up sorting through bras and knew bra sizes before she knew the alphabet.      Amy recently attended VidCon Australia, hosted in Melbourne, where she was surprised that many girls are too scared to get fitted. "Everywhere you go, you can see girls wearing the wrong size bra. It is very upsetting when there is an easy solution. For some reason getting a bra fitted is a taboo subject these days and girls don't realise the damage they can do to their bodies." But she is not stopping there. Amy now wants other women to be role models and ambassadors and would love to see others get behind this cause to encourage the younger generation to look after their bodies and feel proud. Amy is asking Youtube Creators, singers and celebrities to do a 15sec endorsement to further aware younger girls of the importance of finding the right fit. She has been going to lingerie trade shows in Paris, New York and London since she was 5 and recently gained work experience in the UK at the world's largest lingerie company – Panache. Amy is not paid or belongs to any company and is sharing this message to help others. *** Ends*** Please contact us for Time Square Image. Interview Dates available. New York 25th September to 27th September Back home in Australia 29th September Contact Details: FB:  www.facebook.com/girlsundercoveraus/  YT: girlsundercover T: @girlsundercov3rInstagram: girlsundercoveraus  View original content with multimedia:http://www.prnewswire.com/news-releases/aussie-teen-brings-global-bra-campaign-to-new-york-300522645.html

Big Four banks more influential than BRICS' peers

Bank of China (BOC) was ranked the first among banks of BRICS countries in the newly modified Bank Internationalization Index (BII), according to a report jointly released by the Academy of Internet Finance (AIF) of Zhejiang University and the International Monetary Institute (IMI) of Renmin University of China on Sept 23. Based on the new index in the report, titled East or West, Home is Best? — Are banks becoming more global or local?, the Standard Bank of South Africa took the second spot, India's Bank of Baroda the third, VTB Bank of Russia the 4th and Bank Bradesco of Brazil the 16th rank. The report said the four big State-owned banks, BOC, China Construction Bank (CCB), Agricultural Bank of China (ABC) and Industrial and Commercial Bank of China (ICBC) have proven to be more influential and better recognized globally than their peers from developing economies. The ICBC occupied the fifth spot, the report said. "2016 has witnessed the sluggish recovery of the world economy and increasing policy uncertainty risks across the globe. China's economy maintained a slower but stable performance. With the supply-side structural reform pushing forward domestically, the Belt and Road Initiative, and cooperation with the BRICS economies were also strengthened," said Professor Ben Shenglin, dean of AIF. Within the BRICS, India and South Africa each had three banks in the top 10; while both China and Russia had two banks. But the disparity is less obvious among the developing economies with BRICS economies receiving a mean BII value of 10.38, according to the report. Three indicators: stock of overseas assets; performance of overseas operations; and global market layout were studied in the BII. The banks included not only multinational banks with a large number of overseas assets, but also medium- and small-sized shareholding commercial banks just starting to expand overseas. The report drew from a diverse data set including 49 international banks in Europe, America, Asia and Africa. The dynamics of BII index can be "a good reflection of the development of bank internationalization over the past decade,” Ben said. The BII index has been fluctuating within a 23-26 range over the past decade, trending downward in the aftermath of the financial crisis around 2009 but started picking up in 2013, followed by a slowdown in 2015 due to the sluggish global economy, according to the report. Banks from developed economies have maintained a stable and high level of internationalization, the report said. However, as developing economies have been catching up with remarkable achievements, the gap has been narrowing gradually year-on-year. (CHINA DAILY)

Top Stories

Belt&Road

Daily average of 20 enterprises settle down in Horgos

Some 4,894 enterprises settled down in the city of Horgos, in northwest China's Xinjiang Uygur Autonomous Region, in the first half of this year, China News Agency reported. According to Chen Chen, an official from the city's Market Supervision Administration, 2,406 enterprises settled down in the city in 2016, representing a daily average of at least six enterprises. In the first half of 2017, that figure exceeded 20. These enterprises are placing much hope in the future of Horgos, a frontier city along the traditional Silk Road thanks to the remarkable achievements regarding the Belt and Road Initiative, Chen said. Constant media coverage had further promoted the city domestically and abroad. The city's beneficial investment policy is also a great lure for enterprises. Boshihao Group, a Shenzhen-registered firm that develops and produces robots, registered in Horgos at the end of last year, producing 2,000 robots in the first half of this year. "We are exploring the markets in central Asia as well as Xinjiang," said Min Jianbo, general manager of the Group's Xinjiang branch. "The Belt and Road provides great opportunities for us," Min added. (BELT AND ROAD PORTAL)

2017-08-10

Ministry of Commerce: further promote Belt and Road construction

Belt and Road construction made remarkable progress in the economic and trade sector in the first half of this year, while the Belt and Road Forum for International Cooperation in May achieved a series of important economic and trade outcomes. Commerce Vice Minister Qian Keming said recently that plans had been made to implement the agreements, turn the desire for promoting economic globalization into genuine actions, and push forward Belt and Road construction in scope and depth. An increasing number of countries and international organizations are coming to actively participate in the Belt and Road Initiative. In May, China successfully hosted the Belt and Road Forum for International Cooperation, which promoted Belt and Road construction to an all-time high, and created a strong motivation and much positive energy to solve current problems faced by many economies and boost economic globalization. Qian said achievements had been made in four aspects during the first half of this year. Firstly, trade cooperation was deepened. China actively expanded imports from Belt and Road countries, optimized the trade structure that was more open to each other and facilitated overall trade expansion. Secondly, investment cooperation was increased. China has continued to improve its policies and strengthen investment services, along with encouraging companies to invest in the countries along the Belt and Road routes. In the first half of this year, total investment in these countries was US$6.6 billion, with contracted projects worth US$71.4 billion, up 38.8 percent year-on-year. Thirdly, China continued to promote the construction of economic and trade cooperation zones in other countries. Chinese companies were encouraged to operate according to market requirements and to take development strategy, resources, market demand and other factors into consideration when building such zones. Fourthly, the construction of free trade zones was accelerated. At the Belt and Road Forum for International Cooperation, President Xi Jinping delivered a keynote speech and announced a series of significant measures, while witnessing the conclusion of over 270 agreements. Xi also announced the nation would hold the first China International Import Expo in 2018. Qian said the Ministry of Commerce was now making preparations for it, hoping to draw worldwide participation. Meanwhile, the ministry would properly implement major foreign aid measures, support developing countries in their economic development and improve people's wellbeing, and properly implement the agreements with related countries and international organizations to deepen Belt and Road economic and trade cooperation and benefit more countries and people. (BELT AND ROAD PORTAL)

2017-08-10