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VT Holdings Co., Ltd. (7593, First Section, Tokyo Stock Exchange) Issues Operating Performance for the Six Months Ended Sept. 30, 2017

TOKYO, Nov. 21, 2017 /PRNewswire/ -- VT Holdings (TOKYO: 7593) is pleased to announce its results for the six months ended September 30, 2017. Summary of Results During the first six months of the year, new car sales in Japan were favorable, rising 11.8% year on year. However, in VT Holdings' core automotive business, combined sales of new and used cars totaled 47,226 units, up 10,473 units, or 28.5%, year on year. During the six months ended September 30, 2017, VT Holdings recorded consolidated net sales of JPY97,991 million (up 33.4% YoY), operating income of JPY3,187 million (up 4.8% YoY), ordinary income of JPY3,382 million (up 11.0% YoY) and profit attributable to owners of parent of JPY1,771 million (up 4.8% YoY). In the automotive business, the Company's sales amounted to JPY92,888 million (up 30.7% YoY), with operating income of JPY2,892 million (down 9.8% YoY). Within the automotive business, overall sales of new cars for the Group as a whole, including overseas sales, amounted to 19,117 units (up 42.7% YoY). This sharp year-on-year rise in unit sales compared with the previous year led to increases in segment sales and income and bolstered profitability. In the used car segment, overall sales for the Group as a whole were 28,109 units (up 20.3% YoY). Although up substantially on a unit basis year on year, sales rose but income was down slightly, reflecting sluggish export and domestic market prices. Within the automotive business, the service segment generated sales and profit increases, but in the rent-a-car segment income was down slightly despite higher sales, due in part to depreciation and amortization on vehicles in line with model changes. In the housing-related business, sales came to JPY5,007 million (up 115.3% YoY), and operating income was JPY508 million (up 437.5% YoY). In the housing-related business, the Company is developing the condominium business in Aichi and Gifu prefectures. In the detached homes segment, the Company also is expanding its locations in Tokyo, Osaka and Nagoya. Performance was extremely favorable in the condominium business due to orders for and deliveries of completed condominiums. Performance was also generally robust in the detached homes segment. Total assets as of September 30, 2017, were JPY129,655 million, up JPY8,161 million from JPY121,493 million on March 31, 2017. VT Holdings Co., Ltd. (7593, First Section, TSE) "Summary of Consolidated Financial Results for the Six Months Ended September 30, 2017" is available here: http://www.vt-holdings.co.jp/eng/ir/library/pdf/20171115_2Q.pdf. Release Disclaimer This release is for the purpose of providing information to serve as a reference for investment decisions and not for the purpose of soliciting investment. Please make your own judgment on final decisions such as investment policy, timing and selection. Please be advised that we do not assume any responsibility for damages caused by this service. Release Inquiries Borderless IR Co., Ltd. Sixth Floor, Toyo Building 1-2-10 Nihonbashi, Chuo-ku, Tokyo 103-0027 JAPAN TEL: +81-3-4588-6706 info@b-ir.co.jp Borderless IR specializes in the overseas distribution of IR content, including the dissemination of newsletters and annual reports providing the latest information and main strengths of Japanese companies directly to overseas investors through leading global media, corporate information database services and mailing lists. Borderless is also engaged in supporting other global IR efforts. View original content:http://www.prnewswire.com/news-releases/vt-holdings-co-ltd-7593-first-section-tokyo-stock-exchange-issues-operating-performance-for-the-six-months-ended-sept-30-2017-300560145.html

With support of QQ-AR technology, Justice League's box office take in China exceeds RMB 400 million recently

QQ-AR becomes the new trump card for Chinese social network giant Tencent SHENZHEN, China, Nov. 21, 2017 /PRNewswire/ -- Tencent Holdings Limited ("Tencent", SEHK: 00700), Chinese internet conglomerate Tencent has recently made strides in the domain of augmented reality (AR) by launching a new QQ-AR scanning feature for Justice League, the latest addition to DC's slate of animated films. With the support of the QQ-AR functionality, the film opened in China with 400 million yuan (approx. US$60.3 million) in box office receipts on the first day. In addition, the latest share price indicated that Tencent's market value has surpassed Facebook. Fans can enter the virtual world of Justice League by simply using the QQ-AR scanning feature to capture the Chinese way of indicating the number "6" with one hand. In addition, the QQ doll, a custom image that was created for the film using QQ-AR technology, has become a popular cartoon figure on Chinese social networks. QQ&Justice League co-branded doll With an interactive virtual reality (VR) approach, QQ-AR has demonstrated its unique value in terms of the publicity and distribution of the films that support the technology. Citing an example, the AR scanning feature specially launched for Spider-Man: Homecoming had garnered 11 million users. Anne Wong, senior vice president and head of marketing at Universal Pictures International China, said that the deployment of Tencent's QQ-AR for Justice League has allowed the company to promote the film in China in a new and compelling manner. Tencent also rolled out the QQ-AR open platform, allowing anyone, even if they have no experience in AR development, to create their own AR experiences.   Industry watchers have weighed in: with further penetration into the promotion and distribution side of films and the release of the open platform, QQ-AR can be expected to become available in multiple forms and to further promote the implementation and popularization of AR technology. View original content with multimedia:http://www.prnewswire.com/news-releases/with-support-of-qq-ar-technology-justice-leagues-box-office-take-in-china-exceeds-rmb-400-million-recently-300560049.html

NetEase Cloud Music Hits 400 Million User Mark

BEIJING, Nov. 21, 2017 /PRNewswire/ -- NetEase Cloud Music (NCM) now has 400 million users, continuing on its unprecedented growth trajectory in the China market relative to other music services, with NCM having only launched in 2013. In June this year, a QuestMobile research study showed that NetEase Cloud Music app's year-on-year monthly active user growth rate was 44%, making it the fastest-growing music service among all of the music apps in China. NCM's base comprising high-quality users in China's Tier 1 and Tier 2 cities, and skewed toward 15-35 year olds, represents some of the most engaged users on the internet currently. Beyond the standard metrics of streaming and downloading, NCM's users are also one of the most active in generating playlists, with more than 410 million playlists generated at a phenomenal daily rate of 620,000, and saved songs in playlists being shared at a daily rate of 5 million. Another factor for NCM's high level of user engagement is its in-built social network and user comments. On a daily basis, users generated more than 1.5 million comments - a rather remarkable level of interaction with more than 400 million comments overall. Mathew Daniel, NCM's Vice-President, International, elaborated: "Consumption of international music on our music service comprises more than 30% of all usage - over-indexing compared to other music services in China, with increased listening in electronic/dance music, hip-hop, soundtracks and rock genres being significant." At the same time, NCM has extended its dominant role in Chinese music by announcing a strategic partnership with Asian music service KKBox to establish the world's largest promotional platform for Chinese music. This alliance originates from a shared music vision as well as a joint pursuit of music objectives built on the common strengths of both parties' platforms combined with product features. The collaboration will be helpful in identifying premier Chinese music and providing more diverse music content to users, which would create a ripple effect that paves the way for promoting artists across the global Chinese-speaking diaspora, and ultimately, establishing the largest promotional platform for Chinese music on a global scale. Zhu Yiwen, CEO of NetEase Cloud Music, noted that music has two lives - one is its creation and the other, its effective dissemination. The value of music is reflected in how it is disseminated and shared, as great music deserves to be spread and infect audiences widely. "A music platform provides good customer service by enabling users to discover and share great music. Furthermore, it must serve musicians, effectively spreading and promoting their musical work and boosting their output of further outstanding work," Zhu Yiwen commented. To this end, NCM and KKBox will collaborate in numerous areas, including promoting playlists, concert tours, short videos, and sponsoring original music. The online and offline interaction, facilitated by diversified dissemination tools, will build a sound platform-based ecosystem for promoting premier music by identifying the value of music, as well as attracting and amassing users. KKBox has had a long partnership with NetEase Cloud Music. Chris Lin, CEO of KKBox, stated, "Yiwen and I have been exchanging ideas on products and technologies and we indeed agree on many product concepts. I really appreciate NetEase Cloud Music's efforts to promote great music." He reiterated that NetEase Cloud Music and KKBox share the same vision in providing artists with more opportunities to promote their songs on a global scale.   View original content:http://www.prnewswire.com/news-releases/netease-cloud-music-hits-400-million-user-mark-300560137.html

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