HKTDC: 93% of international buyers used online sourcing platforms during pandemic

HKTDC’s latest survey reveals hybrid fairs as the future

The COVID-19 pandemic has caused significant disruption to global sourcing patterns. According to a new survey commissioned by Hong Kong Trade Development Council (HKTDC) Research, the vast majority of international buyers (93%) have used online sourcing platforms since the pandemic began, with more than 85% attending virtual fairs to meet their sourcing needs. However, most buyers surveyed said they would prefer to source via physical fairs (63%) or hybrid fairs (59%) once travel restrictions are lifted.

HKTDC Director of Research Irina Fan said physical fairs and hybrid fairs are the future as the two formats can complement each other.

HKTDC’s Irina Fan – hybrid and physical fairs are complementary
Commenting on the findings of the survey, HKTDC Director of Research Irina Fan said: “The survey reflects that more buyers have been choosing to purchase online due to the pandemic. However, this makes it difficult to perform tasks such as product examination and evaluation as well as supplier authentication. We believe that physical fairs and hybrid fairs are the future, with the two complementing each other.”

The HKTDC commissioned independent research institution Ipsos to conduct the study, titled “B2B Online Sourcing: A Buyer Behaviour Study Towards Recovery”, between May and October 2021, interviewing about 600 international buyers from Association of Southeast Asian Nations (ASEAN) countries, Australia, Europe, Mainland China and the United States to gauge their views on international sourcing patterns following the onset of the pandemic.

According to the survey, 93% of respondents said they had used online sourcing platforms during the past 12 months where they conducted more than 60% of their sourcing on average; 43% said they had engaged more suppliers than they did prior to the pandemic using online sourcing platforms; 46% said they had sourced a wider variety of products; 42% said they had sourced more frequently; and 44% said the average value per order had increased.

Top three reasons to use online sourcing platforms
Ms Fan said that there are three top reasons for buyers to use online sourcing platforms, namely, to search for new suppliers and make enquiries (70%), to compare products and prices (66%), and to identify the latest product trends (57%). “In the wake of the pandemic, many industries are committed to organising virtual fairs to strengthen the connection between international buyers and suppliers. These events have been well received by the industry, with the survey showing that more than 85% of buyers surveyed had participated in virtual fairs in 2021.”

In addition, buyers rated the overall effectiveness of online sourcing through web platforms, websites, mobile apps and virtual meetings at an average of 7.4 out of 10, seeing them as fairly effective overall. When asked about the main pain points associated with using online sourcing platforms, 61% of respondents said it was the inability to examine products physically, while other major barriers were the risk of fraud (56%), insufficient product details and images (54%), unresponsive suppliers (49%) and uncertified products (49%).

Can virtual fairs supersede physical fairs?
Regarding future sourcing preferences, 63% of buyers responding in the survey said they would prefer to source via physical fairs while 59% of buyers would prefer hybrid fairs once travel restrictions are lifted. Among the buyers surveyed, those from Mainland China and ASEAN countries expressed most enthusiasm for hybrid fairs, followed by buyers from Europe, the United States and Australia.

Ms Fan pointed out that while international buyers have accepted virtual fairs out of necessity, and reduced travel costs and other expenses associated with attending physical fairs, the general consensus remains that virtual fairs will not supersede physical fairs. Physical and virtual fairs both have their own merits, and hybrid fairs that combine the two formats will continue to be another choice for international buyers.

The survey also showed that buyers who prefer hybrid fairs were more likely to register a higher average spend per order (in the range of US$50,000-$100,000+) compared with counterparts who prefer physical or virtual fairs. This suggests that hybrid fairs could be well positioned to facilitate more lucrative business opportunities.

Ms Fan added that the key digital features buyers would like to see at hybrid fairs include the ability to easily search and acquire exhibitor information, scheduling meetings with exhibitors before, during and after the physical tradeshow, and having access to useful communication tools such as instant messaging, file sharing and business card sharing. Other services such as seminar livestreaming and recordings, virtual meetings, and artificial intelligence-enabled exhibitor as well as product recommendations were also sought-after features of great benefit to buyers and exhibitors alike.

Main survey findings
– Buyers who used online sourcing platforms in the past 12 months
Yes 93%
No 7%

– Buyers who joined virtual fairs in the past 12 months
Yes 85.5%
No 14.5%

– Buyers’ sourcing preferences in post-COVID-19 era
Physical fairs 63%
Hybrid fairs 59%
Virtual fairs 37%
Online sourcing platforms 21%

– Change in sourcing behaviours due to COVID-19*
Variety of products sourced | Number of suppliers engaged | Sourcing frequency | Average value per order
Increased 46% | 43% | 42% | 44%
Remained unchanged 38% | 31% | 30% | 33%
Decreased 15% | 26% | 27% | 24%

– Top 3 reasons to use online sourcing platforms
Search for new suppliers and make enquiries 70%
Compare products and prices 66%
Identify the latest product trends 57%

– Pain points associated with using online sourcing platforms
Unable to examine the products physically 61%
Risk of fraud 56%
Insufficient product details and photos 54%
Unresponsive suppliers 49%
Uncertified products 49%

* Percentages may not add up to 100% due to rounding.

References
– HKTDC Research website: http://research.hktdc.com/
– International Sourcing for 2022 and Beyond: Insights Into How Buyers and Suppliers Are Optimising Online Sourcing Moving Forward https://research.hktdc.com/en/article/MTAyMTMxMzA5MQ
– Photo download: https://bit.ly/3OfdBAZ

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Media enquiries:
HKTDC’s Communication and Public Affairs Department
Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.org

Society Pass spins-off Leflair into Leflair Group, appoints Group CEO; to become next Super Distributor Nexus in SEA’s Lifestyle Retail Ecosystem

  • Society Pass Inc (SoPa) has restructured Leflair’s Vietnam operations, spinning-off Leflair Group, an integrated lifestyle retail ecosystem for Southeast Asia’s 100B+ USD retail market.
  • SoPa also announces the appointment of Loic Gautier, Co-founder and Former CEO of Leflair, as Leflair Group CEO, and Ngo Thi Cham, Vietnam Country Head of SOPA, as Leflair Group COO.
  • As CEO of Leflair Group, Loic will be responsible for managing Group P&L, sourcing and acquisitions to enlarge the Leflair ecosystem, expanding across Southeast Asian markets.

Society Pass Inc (SoPa) (NASDAQ: SOPA), a leading Southeast Asian loyalty and ecommerce ecosystem, today announced the completion of restructuring Leflair’s Vietnam operations with the spin-off of Leflair Group (LFGroup). Along with this restructuring, SoPa has appointed Loic Gautier as Chief Executive Officer of the new Leflair Group. Ngo Thi Cham, Vietnam Country Head of SoPa and current Managing Director of Leflair, will become the Leflair Group’s Chief Operating Officer and work alongside Loic in driving the business towards its next stage of growth.

As a result of this corporate restructuring, the Leflair Group is set to become Southeast Asia’s next lifestyle retail super distributor nexus, evolving from a single discounted platform to a lifestyle retail ecosystem, providing shoppers with an integrated and unique shopping experience from online to offline. The Leflair Group will continue to pursue acquisition of companies in the e-commerce, lifestyle retail and online advertising verticals.

Ray Liang, CFO of SoPa Group, commented, “After the IPO of SoPa last year, we have been working on a new strategy for Leflair, in order to maximize its potential as a destination for lifestyle shopping in Southeast Asia. To facilitate this, we are happy to welcome back Loic Gautier as Group CEO, joining our executive team and becoming the driving force of Leflair Group in the future. At SoPa, hiring key talent is among our top priorities, and we always welcome Leflair’s old talents to return, and work with the team to carry Leflair to new heights. Having Loic return as the CEO of Leflair Group ensures continuous and sustainable growth for Leflair in the years to come. The new recruitment also enables us to carry out larger plans for Leflair, evolving from a single online platform to become a true ecosystem for lifestyle shopping.”

Since its IPO on the Nasdaq last year, SoPa has focused on M&A activities to expand the ecosystem with other online platforms across 6 verticals: lifestyle, F&B, travel, digital media, and B2B software and loyalty technology in the top three V.I.P countries of Southeast Asia – Vietnam, Indonesia, Philippines. Through these business lines, SoPa improves the interconnectedness and support within its ecosystem, fulfilling its mission to connect millions of registered consumers with thousands of registered merchants across Southeast Asia.

With this appointment, Loic will be responsible for managing Leflair Group’s growth and expansion strategy to bring the Leflair platform to other Southeast Asian countries, as well as managing future acquisitions to expand the group to other smaller segments within the lifestyle retail industry.

As CEO of the new Leflair Group, Loic said, “It’s an honor to receive SoPa’s trust. With this spin-off, Leflair now has a new medium to maximize its full growth potential. By pivoting from a single platform to an integrated lifestyle retail ecosystem, we seek to connect all players within the lifestyle retail value chain, from brand distributors, to offline stores, ecommerce platforms and delivery companies. The new vision makes Leflair a pioneer in redefining the lifestyle and ecommerce retail market across Southeast Asia.”

According to Loic, Leflair Group is working on ambitious plans for the period ahead, aiming for extensive funding rounds and a roadmap to IPO in the near future. To learn more, please visit websites www.thesocietypass.com and www.leflair.com.

About Society Pass
Society Pass is a leading loyalty and data marketing ecosystem that operates multiple e-commerce and lifestyle platforms across its key markets. Its business model focuses on collecting user data through the expected circulation of its universal loyalty points. It seamlessly connects consumers and merchants across multiple product and service categories fostering organic loyalty. Since its inception, SoPa has amassed over 1.6 million registered consumers and over 5,500 registered merchants/brands on its platform. It has invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its Platform’s consumers, merchants, and acquisitions.

Society Pass provides merchants with #HOTTAB Biz and #HOTTAB POS, a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user profile analytics, and convenient financial support packages for small and medium-sized enterprises. In addition, SoPa operates Leflair.com, Vietnam’s leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, and Handycart.vn, a leading online restaurant delivery service based in Hanoi, Vietnam. For more information, please visit http://thesocietypass.com.

About Leflair
Based in Ho Chi Minh City, Leflair is an online premium outlet for Fashion, Beauty and Home Furnishing products. Launched in December 2015, Leflair had been selling more than 2,500 brands via its flash-sales model. SOPA acquired Leflair’s assets in February 2021, relaunching the platform in September 2021, and spinning off the Leflair Group in April 2022. For more information, please visit https://leflair.com.

Media Contact
Precious Communications for SoPa
sopa@preciouscomms.com
+65 6303 0567

The Place Holdings and Stellar Lifestyle to Collaborate on Various Digital Initiatives to Shape the Future of Digital Media and Tap New Opportunities in the Digital Economy

SGX mainboard-listed company, The Place Holdings Limited (“The Place Holdings”, the “Company” and together with its subsidiaries, the “Group”), is pleased to announce that it has entered into a non-binding Memorandum of Understanding (“MOU”) with Stellar Lifestyle Pte. Ltd. (“Stellar Lifestyle”), a business arm of SMRT Corporation Ltd., to jointly collaborate to shape the future of digital media and tap new opportunities in the digital economy.

From left to right: Mr. Fan Xianyong, CEO of The Place Holdings, Mr Ji Zenghe, Executive Chairman of the Place Holdings, Mr. Seah Moon Ming, Chairman of SMRT Corporation Ltd, Mr. Tony Heng, President of Stellar Lifestyle

Creating vibrant transit destinations through continuous innovation and a desire to make our everyday touchpoints better, Stellar Lifestyle is the largest managing agent of retail and advertising spaces in Singapore’s rail network.

Notably, both The Place Holdings and Stellar Lifestyle aim to build Singapore’s first Sky Screen, a suspended video screen that will be an enhanced version of Beijing’s iconic attraction, (“Shimao Tianjie Sky Screen”).

As a high-tech visual extravaganza, the Sky Screen is envisaged as a new attraction in Singapore that will be integrated with smart digital technology system and immersive media, boosting new business vibrancy and creating new possibilities in digital media solutions.

Shimao Tianjie Sky Screen is located at No. 9 Guanghua Road, Chaoyang District, Beijing, the heart of Beijing’s Central Business District (CBD) and it is one of the largest sky screens in Asia with 7,500 sqm of LED lights across a space of 250m long and 30m wide, offering a spectacular light show experience with high-resolution imagery and state-of-the-art, immersive sound systems as well as technological features that enable interactivity.

Pioneering new experiential marketing experiences, Shimao Tianjie Sky Screen has established a strong brand and continues to be a popular venue and platform for various events, advertisements and media.

The Group recently announced a separate MOU to undertake two acquisitions that includes the licensing of the Intellectual Property Rights for the use in the operation and management of Shimao Tianjie Sky Screen and the acquisition of certain assets and businesses relating to Shimao Tianjie Sky Screen. More information on Shimao Tianjie Sky Screen can be accessed at www.theplacebeijing.com.

Mr. Seah Moon Ming, Chairman of SMRT Corporation Ltd, said, “The Place Holdings has an impressive business track record of more than 30 years in developing market-leading media, tourism, and real estate businesses.

As a financial, aviation and technology hub, Singapore is one of the most connected countries in the world. It is a good springboard for The Place Holdings and Stellar Lifestyle to showcase the convergence of 5G, new technologies and media concepts to bring greater value to businesses and consumers.

This MOU signifies our desire to jointly develop experiential solutions through leading-edge technology for smart commuter-station connections. We are confident that this would pave the way for greater business success together.”

Mr. Ji Zenghe, Executive Chairman of The Place Holdings, said, “Innovative visual experiences and new digital media technology continue to play a pivotal role in boosting mindshare among consumers as our physical and digital worlds come closer together.

As Singapore’s largest managing agent of retail and advertising spaces in Singapore’s rail network, Stellar Lifestyle has created a thriving ecosystem that includes F&B, shopping and digital solutions.

Through this strategic collaboration, we aim to combine our unique complementary strengths in enhancing smart commuting and creating innovative digital media solutions within this ecosystem.

This is an important milestone for the Group as we deepen our business roots in Singapore and create new value propositions with our capabilities in immersive media and digital technologies.”

Mr. Ji added, “With the Sky Screen’s visual extravaganza and technology features, we aim to contribute to the vibrancy and diversity of Singapore’s retail and tourism landscape by creating unique and engaging experiences.

Together with Stellar Lifestyle’s extensive touchpoints across Singapore, there are significant opportunities to continuously improve our service offerings and experience to targeted audiences and to redefine the future of digital media solutions.”

This document is to be read in conjunction with The Place Holdings’ exchange filings on 31 March 2022, which can be downloaded via www.sgx.com.

About The Place Holdings Limited
(SGX Code: E27)

Listed on the Mainboard of the Singapore Exchange, The Place Holdings Limited (“The Place Holdings”, the “Company” and together with its subsidiaries, the “Group”), focuses on integrating traditional businesses with omni-channel strategies and digital solutions (such as “new-retail” solutions, last mile logistics, immersive virtual reality technology, enterprise intelligent connectivity) to harness new growth opportunities in the digital economy.

The Group has established a strong business platform to create new value propositions within its 3 core business pillars:

1. Property development and property management activities
2. Cultural tourism and related “new retail” businesses
3. Integrated media-related businesses with management & operation rights

The Group is backed by the key management team of The Place Investment Group, a multi-billion PRC conglomerate that has a strong track record for its extensive business portfolio in tourism, media, property management, biomedical technology investments and international trade.

Embolden with a new business approach and forward-looking corporate culture, The Place Holdings is expanding our business presence of profitable businesses with high growth potential in Singapore and China through organic and inorganic initiatives.

For additional information, please visit www.theplaceholdings.com

About Stellar Lifestyle

Transit Retail & Advertising Solutions

Stellar Lifestyle, a business arm of SMRT Corporation Limited, has expertise in property and retail management, media and digital advertising solutions. We create vibrant transit destinations and lifestyle experiences to make our everyday touchpoints better. Our growing portfolio includes mall management and outdoor media & digital engagement platforms. We are also the largest managing agent of retail and advertising spaces in Singapore’s rail network.

Issued on behalf of The Place Holdings Limited and Stellar Lifestyle by 8PR Asia Pte Ltd.

For further information, please contact the following:

Mr. Zhang Wei
Chief Strategy Officer
The Place Holdings Limited
Tel: (65) 6781 8156
Fax: (65) 6781 8159
Email: zhangwei@theplaceholdings.com

SMRT Corporate Communications
Tel: (65) 9822 0902
Email: media@smrt.com.sg

Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com

Society Pass (SoPa) Reports Full Year 2021 Financial Results, Sees 891% Year on Year Revenue Growth

  • Revenue grew 891% (from $52,453 for fiscal year ended December 31, 2020 to $519,885 for fiscal year ended December 31, 2021) driven primarily by revenues from the LeFlair lifestyle platform
  • SoPa is well capitalized for planned acquisitions of food & beverage, lifestyle, travel, merchant software companies in VIP (Vietnam, Indonesia, and Philippines) countries of SEA
  • SoPa expects to launch the Society Pass loyalty points platform in 2Q 2022, which SoPa believes will help substantially increase it online users and merchants across the VIP region

Society Pass Incorporated (SoPa) (Nasdaq: SOPA), a leading Southeast Asia loyalty and ecommerce ecosystem, reported its financial results for its fiscal year ending 31 December 2021.

The Company’s total revenues increased over eight hundred and ninety percent year on year mainly as a result of the relaunch of its Leflair lifestyle e-commerce business in September 2021. “2021 has been a strong year for SoPa in spite of the impact from the Delta and Omicron variants. Despite only operating in only the last four months of 2021, Leflair recognized monthly double digit revenue growth in the fourth quarter. With the region rapidly pivoting to recovery, we expected to see robust eCommerce growth in both transaction volume and basket size. SoPa’s healthy pipeline and strategy for acquiring rapidly growing eCommerce platforms will allow us to capture that exciting growth. We expect 2022 to be a stellar year for SoPa as we continue to build out our next generation loyalty platform and acquire more leading e-commerce companies in SEA”, said Dennis Nguyen, Founder, Chairman and CEO of Society Pass.

Key Highlights:

  • Total revenue grew by 891% primarily attributed to the acquisition of the Leflair lifestyle platform
  • The Company is well capitalized to rollout its business plan with cash on hand growing over 4,400% to $23.2 million, primarily due to the completion of its Nasdaq listing IPO in November 2021 (SoPa also completed a $11.5 million (gross proceeds) follow-on public offering in February of 2022)
  • Since its inception, Society Pass has acquired 4 eCommerce businesses in Southeast Asia namely; #HOTTAB, Leflair, and Handycart in Vietnam, as well as Pushkart in Philippines

In 2022, SoPa expects further growth as the SEA countries shift to focus on economic recovery. The Company also expects to launch of Society Points in Q2 2022, which it expects to increase profit margins and drive customer retention for merchants. In addition, SoPa plans to make additional acquisitions in 2022 that will generate additional revenue synergies and create cost efficiencies as part of the expanding SoPa ecosystem.

About Society Pass
Society Pass is a loyalty and data marketing ecosystem that operates multiple e-commerce and lifestyle platforms across its key markets. Its business model focuses on collecting user data through the expected circulation of its universal loyalty points. It seamlessly connects consumers and merchants across multiple product and service categories fostering organic loyalty. Since its inception, SoPa has amassed over 1.6 million registered consumers and over 5,500 registered merchants/brands on its platform. It has invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its Platform’s consumers, merchants, and acquisitions.

Society Pass provides merchants with #HOTTAB Biz – a convenient order management app for business partners on SoPa.asia, and #HOTTAB POS – a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user profile analytics, and convenient financial support packages for small and medium-sized enterprises.

In addition, SoPa operates Leflair.com, Vietnam’s leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, and Handycart.vn, a leading online restaurant delivery service based in Hanoi, Vietnam. For more information, please check out: http://thesocietypass.com/

Media contact
PRecious Communications for SoPa
sopa@preciouscomms.com

HKTDC MarketingPulse and eTailingPulse draw more than 25,000 viewers

  • Top marketers help industry players keep tabs on global trends

MarketingPulse and eTailingPulse, Asia’s premier marketing and e-tailing events organised by the Hong Kong Trade Development Council (HKTDC), concluded successfully yesterday. Held under the theme “Together, We Create”, the two-day virtual forum brought together more than 60 marketing executives, brand representatives, advertising elites and e-commerce experts from around the globe to share their success stories and insights. Thirty-two seminars and workshops were held during the event, attracting more than 25,000 viewers to tune in from 52 countries and regions.

The two-day MarketingPulse and eTailingPulse concluded successfully yesterday. The forum attracted more than 25,000 viewers from 52 countries and regions.

Ecommerce becoming more synchronised and digitised
With the pandemic reshaping the traditional marketing landscape, many small and medium-sized enterprises (SMEs) have turned to e-tailing to tap into new business opportunities. On the first day of the forum, Barry Thomas, former Head of Global Customer Marketing & Future of Commerce at The Coca-Cola Company, offered his perspective on the opportunities and trends that e-commerce presents. “The future of e-commerce will be operated on those more digitised, synchronised and unified data platforms. Macro marketplaces are being formed that brands and SMEs are eager to partner with. Companies have to think how the business will evolve in the next five to 10 years and invest in talents and capital for future development,” Mr Thomas said.

Younger generation’s preferences need to be understood
Mengfei Wang, Head of Commercial Marketing Department at social media and e-commerce platform Xiaohongshu, explored how social commerce can help brands connect with digitally savvy young consumers in Mainland China. “Young customers are looking to enhance their lifestyle and improve their well-being. By analysing search results and trends, we can get a better understanding of our customers and recommend products and services that meet their needs,” Ms Wang said.

Meanwhile, San Zang, Head of Marketing Planning Department, Marketing Center, at the integrated video sharing site BiliBili, gave her own insights into the next-generation youth market in the mainland, saying: “The younger generation is better educated, and they have different sets of values and preferences. They are also fond of good stories relating to brands and products and will participate in campaigns which they appreciate, being vocal about it and sharing their experiences.”

Metaverse opens up new world of opportunity
Justin W Hochberg, CEO and Co-founder, Virtual Brand Group, envisioned the game-changing retail experience that will be unlocked by the metaverse. “The metaverse will be a new platform for companies to explore new opportunities, attract new customers globally and to build long-term relationships with them. Brands and businesses have to be willing to be innovative, make good use of data and act fast,” Mr Hochberg said.

Brand purpose strategies drive sustainability push
Jeff Chen, Co-founder of SLOWOOD Ltd, shared his success stories in applying brand purpose strategies to drive sustainable enterprise development. “By promoting behavioural change to consumers, raising their awareness of sustainability issues and encouraging them through a sense of accomplishment, we believe everyone in the community can finally achieve sustainable living by taking ‘tiny steps forward’,” Mr Chen said.

The MarketingPulse and eTailingPulse online platforms will remain open until 30 April. During this period, industry participants can continue to make use of the platforms’ various features and review the content of this year’s seminars and previous events.

Websites:
– MarketingPulse: https://marketingpulse.hktdc.com/en/
– eTailingPulse: https://etailingpulse.hktdc.com/en/
– Photo download: https://bit.ly/3wiZaFl

Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:
Janet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.org

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

HKTDC MarketingPulse and eTailingPulse open today

60+ global experts examine future of marketing and e-commerce

Asia’s premier marketing and e-tailing events, MarketingPulse and eTailingPulse, kicked off their two-day run today. Organised by the Hong Kong Trade Development Council (HKTDC), the two-in-one virtual forum has brought together more than 60 marketing executives, brand representatives, advertising elites and e-commerce experts from around the world to examine the latest global trends in marketing and e-commerce and share their success stories.

In her welcome remarks at MarketingPulse, Margaret Fong, Executive Director of the HKTDC, said the forum will demonstrate how brands can create value for customers, consumers, societies and the world and engender new marketing and e-tailing experiences.
More than 60 marketing chiefs, advertising elites and e-commerce experts have gathered at the forum to examine brand promotion and creative strategies and share practical marketing tactics.
Legendary marketer Keith Weed, former Global Chief Marketing & Communications Officer at Unilever, spoke at today’s forum.

The theme for this year’s conference is “Together, We Create”. In her welcome remarks this morning, Margaret Fong, Executive Director of the HKTDC, said: “The forum will demonstrate how to create value for customers, consumers, societies and the world and engender new marketing and e-tailing experiences. We have invited industry experts from across the world to lead discussions on new trends and growth opportunities and help industry players learn about harnessing virtual worlds to drive business in the real world. In addition, the forum will examine the latest market trends and e-tailing opportunities in Mainland China and explore the rejuvenation and sustainable development of brands.”

Sustainability and digital innovation under the spotlight
This morning, legendary marketer Keith Weed, former Global Chief Marketing & Communications Officer at Unilever, hosted a session to envision the future of the marketing industry. He advised participants to prepare for a rapidly changing world by embracing tech, data, content and sustainability. “Businesses need to spend a lot more time to think about where the world is going, how can we get to the future first, and what we can do to react in an agile way. In these challenging times we have to find out what extra we can do and bring to consumers through our brands to help us navigate our way,” Mr Weed said. John Schoolcraft, Chief Creative Officer of Swedish drinks manufacturer Oatly, shared his experience in transforming oat drinks into a sustainable lifestyle icon and driving growth at the same time through brand purpose strategies.

Also joining the forum was Tina Chao, Chief Marketing and Digital Customer Experience Officer of McDonald’s Hong Kong. She shared tips on creating online-to-offline customer experiences through innovative promotional campaigns. “An ideal consumer experience is truly personalised and attuned to customers’ needs. Every element of a customer journey has to be designed in a way that each customer can participate in, make their own message and pass it on to share their brand love,” Ms Chao said.

Riding the metaverse and NFT wave
Eminent speakers were also invited to shed light on how brands can ride on the metaverse wave and examine developments such as virtual humans and new entertainment, non-fungible tokens (NFTs), NFT products and marketplaces, and virtual retail using gamified experiences. Among those sharing their insights were Sebastien Borget, Co-founder and COO of The Sandbox; Asher Rapkin, Director (Global Business Marketing, Facebook App and Emerging Platforms) at Meta; Melody Hildebrandt, Chief Information Security Officer of FOX and President of its subsidiary, Blockchain Creative Labs (BCL); Justin Hochberg, Co-founder and CEO of Virtual Brand Group; Wesley Ng, CEO and Co-Founder of CASETiFY; and Gary Liu, CEO of the South China Morning Post.

Exploring omnichannel retail and e-commerce trends
The second day of the forum will focus on omnichannel commerce and the latest developments in Asian e-tailing, including direct-to-customer (D2C), social commerce, video and livestreaming commerce, entertainment marketing and more. Marketing and e-commerce experts, including Takumi Kato, CEO at Shanghai Ezaki Glico Foods Co Ltd, Yajuan Wong, Chief Marketing Officer at Xiaohongshu, and San Zang, Head of Marketing Planning Department, Marketing Center of BiliBili, will reveal how brands and marketers can leverage innovative marketing strategies to engage young consumers in Mainland China markets.

Practical workshops and business-matching facilitate digital transformation
Tomorrow will also see a series of digital marketing and e-tailing workshops offering a wealth of practical marketing knowledge and advice for participants. Representatives from companies such as EventX, iClick, Hivestack, Meltwater, Google and Meta will share strategies for social commerce, video and influencer marketing, virtual events and programmatic digital out-of-home advertising for brand promotion. Alongside the illuminating discussions, a one-on-one online business matching service is provided through the conference’s online platform, where local marketing and e-tailing experts will offer professional advice while showcasing their solutions.

Find the latest programme and speaker list at https://marketingpulse.hktdc.com/en/. Media representatives wishing to join MarketingPulse and eTailingPulse online, can email their requests to janet.ch.chan@hktdc.org.

Photo download: https://bit.ly/34O9ie2

Websites:
– MarketingPulse: https://marketingpulse.hktdc.com/en/
– eTailingPulse: https://etailingpulse.hktdc.com/en/
– Conference programme: https://marketingpulse.hktdc.com/en/programme/Conference
– Speaker list: https://marketingpulse.hktdc.com/en/speaker/Speakers

Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:
Janet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.org

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

WARC Rankings 2022: Media 100 revealed – the world’s most awarded campaigns and companies for media excellence

Ranked #1: Campaign: Undercover Avatar | Agency: MediaCom New York | Network: Mindshare | Holding Company: WPP | Brand: L’Enfant Bleu | Advertiser: Unilever | Country: USA

WARC Rankings – Media 100, the ultimate independent global benchmark for media excellence, is now released featuring the most awarded campaigns and companies in the world. The top ten most highly ranked campaigns and companies in the 2022 WARC Media 100 are:

Compiled by WARC, the international marketing insights company, the Media 100 (www.warc.com/rankings/media-100) is produced by combining the results of the industry’s most important global and regional media award shows tracked throughout 2021. The awards tracked are determined by a worldwide industry survey and in consultation with the WARC Rankings Advisory Board (www.warc.com/rankings/about).

#1 Campaign: Undercover Avatar for L’Enfant Bleu by Havas Sports & Entertainment Paris
French child welfare association L’Enfant Bleu harnessed the power of Fortnite, the hugely popular video game, by creating an undercover in-game avatar enabling children to confide their concerns about abuse during lockdown. The impact of the campaign resulted in the French government working on solutions to turn video games into new ways to identify abused children.

In second place is Dogvertising for Pedigree by MediaCom Zagreb and Go2Digital Zagreb. The campaign delivered personalised advertising by DOOH technology based on dog detection. In third is Media That ‘Eats’ Pollution for Volkswagen by PHD London. To launch VW’s first fully-electric vehicle, the ID.3, they painted OOH ads using a unique air purifying paint.

#1 Media Agency: MediaCom New York
With five highly placed campaigns in the top 100 for Ally, Uber, Walgreens and Duracell, MediaCom New York has stormed up the rankings to claim global pole position. Mindshare Shanghai is in second place with eight campaigns ranked. PHD London rises to third place, up from 40th, with two campaigns, including Media That ‘Eats’ Pollution ranked #3.

Sasha Savic, CEO, MediaCom US, said: “Topping the WARC Media 100 is a defining moment for MediaCom U.S., and we could not be more honored for the recognition.

Delivering transformative campaigns is all down to our amazing people working with some of the most ambitious marketers in the world. I am most proud that the #1 ranking comes from wins across our breadth of expertise, whether data creativity, content partnerships, gaming, or social impact. My sincerest thanks to every person at MediaCom in the U.S., our clients, and our partners. This one is all yours.”

#1 Media Network: Mindshare
For a second consecutive year, taking top place is Mindshare, with seven agencies in the top 50 contributing to its tally of points. Hot on its heels and closing the points gap is MediaCom in second place and PHD Worldwide is in third, up from fourth.

Adam Gerhart, Global CEO, Mindshare, said: “The WARC 100 isn’t just about a single awards show or one campaign – it’s a celebration of being the best of the best and we’re delighted to be recognised as the most creative media network in the world for the third year running! We couldn’t do it without the unwavering energy of our teams and the liberating collaboration of our partners and clients, so thank you to everyone for helping us to continue to create media experiences that have an impact and change the world.”

#1 Holding Company: WPP
No change for the top three networks for the past five years, with WPP retaining its pole position, Omnicom Group in second place and Interpublic Group in third.

#1 Brand: L’Enfant Bleu
Newcomer to the WARC Rankings, French child welfare association L’Enfant Bleu is top brand with its outstanding and impactful campaign Undercover Avatar. Pedigree is in second place following a three year absence from the top 50. Online US bank Ally enters the the top 50 brands for the first time in third position.

Pauline Grison, Communications Director, L’Enfant Bleu, said: “L’Enfant Bleu is very proud to be #1 brand and #1 campaign in the WARC Media 100 Rankings with “Undercover Avatar”! More than a communication campaign, this device allowed us to come into contact with hundreds of children in danger in less than a month. After this period, we were much more visible in the media, and had a 200% increase in calls from witnesses of child abuse. This honour is therefore really symbolic for all these children.”

#1 Advertiser: Unilever
Multinational consumer goods company Unilever retains its number one spot for the third consecutive year. Brewing giant AB InBev, moves up one place to second. The Government of New Zealand, which has steadily climbed the Media 100 Rankings over the past couple of years, is now in third place.

Conny Braams, Chief Digital and Marketing Officer, Unilever, said: “It’s excellent to see Unilever featured in the top three of both the WARC Media 100 and Creative 100 Rankings. Retaining the number one spot in media excellence for the third year in a row is testament to the world-leading expertise of our Global Media team and agency partners, who seamlessly navigate a dynamic media landscape to build brands and drive conversion at the same time.”

#1 Country: USA
No change in the top three from last year, with USA retaining its #1 ranking, followed by the UK in second place and China in third.

Summing up, David Tiltman, SVP, Content, WARC, said: “The WARC Media 100 shows the growing influence of gaming on the media landscape. More clients are showing an understanding of the nuances of gaming beyond simple product placement or ads in games. Top campaign L’Enfant Bleu created an avatar within video game Fortnite that allowed children at risk of abuse to talk in confidence without their parents’ knowledge, and Ally Bank created a virtual island within the Animal Crossing game and created its own ‘turnip exchange’ to demonstrate its ‘smarter way to bank’ credentials to Millennials.”

The WARC Media 100 has been compiled by applying a rigorous, unbiased and transparent methodology (www.warc.com/rankings/media-100/methodology).

The WARC Media 100 Ranking can be viewed in full here (www.warc.com/rankings/media-100). It includes the world’s top 100 awarded campaigns for media, top 50 media agencies, agency networks, brands, advertisers, countries and top holding companies. The campaigns, case studies, credits and subsequent insights reports are available to WARC Rankings subscribers. The WARC Creative 100 has been announced and can be viewed here (www.warc.com/rankings/creative-100). The WARC Effective 100 will be revealed on 17 March.


About WARC – The global authority on marketing effectiveness
WARC is an Ascential company. Ascential delivers specialist information, analytics and ecommerce optimisation platforms to the world’s leading consumer brands and their ecosystems. Our world-class businesses improve performance and solve problems for our customers by delivering immediately actionable information combined with visionary longer-term thinking across Digital Commerce, Product Design and Marketing. We also serve customers across Retail & Financial Services. With more than 2,000 employees across five continents, we combine local expertise with a global footprint for clients in over 120 countries. Ascential is listed on the London Stock Exchange.

For over 30 years WARC has been powering the marketing segment by providing rigorous and unbiased evidence, expertise and guidance to make marketers more effective. WARC services include 96,000+ case studies, best practice guides, research papers, special reports, advertising trend data, news & opinion articles, as well as webinars, awards, events and advisory services. WARC operates out of London, New York, Singapore and Shanghai, servicing a community of over 75,000 marketers in more than 1,200 companies in 100+ markets and collaborates with 50+ industry partners.

About WARC Rankings – Media 100
The WARC Media 100 is a ranking of the world’s most awarded campaigns and companies for media. It compiles the results of award shows that ran the year prior to its publication (e.g. the 2021 rankings reflect the results of award shows that ran in 2020).

The Media 100 has run since 1999 (formerly part of the Gunn Report) and sits alongside two other rankings: the WARC Creative 100 (formerly the Gunn Report), and the WARC Effective 100 (formerly the WARC 100) which has ranked effectiveness since 2014.

To compile the WARC Media 100, WARC tracks different advertising competitions around the world — all of them require entrants to show the impact of media on the campaign. Campaigns (and the brands and agencies behind them) are awarded points based on the prizes they win in those competitions.

The WARC Media 100 methodology follows the approach of the WARC Effective 100 methodology, which was developed in consultation with an independent third party: Douglas West, professor of marketing and programme director at King’s College, London.

In order of overall show weighting, following shows are included in this year’s rankings:
Global:
Cannes Lions (media categories), Festival of Media, Effies (media categories), M&M Awards, WARC Media Awards, Adweek Media Plan of the Year, Internationalist Awards, I-COM Data Creativity Awards, MMA Smarties, World Media Awards, D&AD (media categories)

Regional:

APAC: Spikes Asia (media categories), Tangrams, Festival of Media APAC, MMA Smarties APAC, Effie APAC plus local markets (media categories)

Europe: Eurobest (media categories), IAB Mixx Awards Europe, MMA Smarties Europe, EACA Euro Effie plus local markets (media categories), Campaign Media Awards

Middle East & Africa: Festival of Media MENA, Dubai Lynx (media categories), Loeries (media categories), MMA Smarties MENA, Effie MENA plus local markets (media categories)

LATAM: Festival of Media LATAM, El Ojo de Iberoamerica (media categories), MMA Smarties LATAM, Effie LATAM plus local markets (media categories)

North America: Festival of Media North America, MMA Smarties North America, Effie North America plus local markets (media categories)

Contact:

Amanda Benfell
Head of PR & Press
amanda.benfell@warc.com

WARC Rankings 2022: Creative 100 revealed – the world’s most awarded campaigns and companies for creativity

Ranked #1: Campaign: #wombstories | Agency: Publicis Milan | Network: Ogilvy | Holding Company: Omnicom Group | Brand: Burger King | Advertiser: AB InBev | Country: USA

WARC Rankings – Creative 100, the ultimate independent global benchmark for marketing celebrating creative excellence, is now released featuring the most awarded campaigns and companies in the world. The top ten most highly ranked campaigns and companies in the 2022 WARC Creative 100 are:

Compiled by WARC, the international marketing insights company, the Creative 100 (www.warc.com/rankings/creative-100) Ranking is produced by combining the results of the industry’s most important global and regional creative award shows tracked throughout 2021. The awards tracked are determined by a worldwide industry survey and in consultation with the WARC Rankings Advisory Board (www.warc.com/rankings/about).

#1 Campaign: #wombstories for Bodyform/Libresse/Libra by AMV BBDO London
The most creatively celebrated campaign of 2021, #wombstories for feminine hygiene brand Bodyform/Libresse/Libra, used the power of storytelling to embrace the complexity and reality of womanhood. Whilst heartbreaking, the campaign by AMV BBDO London, is designed to tackle taboos and make women proud of their bodies.

Nicholas Hulley and Nadja Lossgott, Chief Creative Officers, AMV BBDO, said: “Wombstories has been our most profound and complex undertaking – both emotionally and technically. Daring to listen and dive into the darker side of people’s experiences with their wombs and wrestling an octopus of a campaign with so many arms that all had to live up to our ambition of creativity and empathy. But complexity is worth it, to leave millions of people feeling understood and, in many cases, reach out to each other to finally share their womb stories.”

In second place is True Name for Mastercard by McCann New York. The campaign demonstrated its support for the LGBTQIA+ community in the USA by launching the first payment product where people could feature their chosen name on their card. Third, is Donation Dollar, a campaign for Royal Australian Mint by Saatchi & Saatchi Melbourne, whereby a donation coin was created to support charities.

#1 Creative Agency: Publicis Milan
Up from third place last year, crowning agency Publicis Milan has four campaigns in the top 100: for Diesel (x2), Heineken and Barilla. AMV BBDO London follows closely behind with two campaigns, one for Macmillan Cancer support as well as the highest ranked #wombstories. Africa Sao Paulo is in third place with four campaigns for House of Lapland, SporTV, Folha de SP and Associacao Brasileira de Psiquiatria.

Bruno Bertelli, Global Chief Creative Officer, Publicis Worldwide, said: “Being ranked number 1 Agency of the Year in the WARC Creative 100 Ranking is testament to hard work, a proven model of data and creativity and the bravery of our people and clients. We continue to push each other to go further and be better and it is paying off. Congratulations to everyone at Publicis Italy.

#1 Creative Network: Ogilvy
Retaining its top spot for a second consecutive year is Ogilvy, with four agencies in the top 50 contributing points to its total, including DAVID Miami and DAVID Madrid both ranked in the top five. Publicis Worldwide and DDB Worldwide follow in second and third place respectively.

Liz Taylor, Global Chief Creative Officer, Ogilvy, said: “It’s thrilling to be named the most creative network in the world by WARC. Earning this designation for the second consecutive year speaks to the hard work and dedication of our teams across the globe who continuously deliver unforgettable ideas that have an impact for our clients. This accomplishment is also a testament to the borderless creativity that unites our network across geographies, capabilities, and cultures. I want to thank everyone at Ogilvy for their contributions, and our brave and valued clients for their partnership, collaboration, and trust.”

#1 Holding Company: Omnicom Group
Omnicom Group moves up one place to take pole position. WPP drops to second place and Interpublic Group remains in third.

#1 Brand: Burger King
Fast-food chain Burger King is top creative brand for the fourth consecutive year, with six campaigns ranked in the top Creative 100 for four markets – Mexico, Spain, UK and USA. Bodyform/Libresse/Libra follows in second place, and Mastercard is in third, up from #25 last year.

#1 Advertiser: AB InBev
Brewing giant AB InBev, which has steadily climbed the Creative 100 Rankings over the past few years, takes top spot this year. Restaurant Brands International drops to second, and Unilever climbs to third place up from seventh last year.

Pedro Earp, Chief Marketing Officer, AB InBev, said: “We are humbled to be ranked number one in creativity. Our journey over the last five years has embedded creativity into our core resulting in significant business growth. This transformation has defined AB InBev by its creative excellence, strategic boldness and accelerated innovation. While our work is not over, today, we raise a glass to our people and our partners who have made it their mission to create a future of more cheers.”

#1 Country: USA
USA retains its place as the most creatively awarded market in the world by far. The UK remains second, and France moves up to claim third place.

Summing up, David Tiltman, SVP, Content, WARC, said: “The top campaigns from the Creative 100 Ranking show how marketers are increasingly trying to highlight untold stories. Many give a voice to sections of society that may not have been properly represented in the past – for example, #wombstories and The Bread Exam focus on women’s health and the conversations around it. We’ve also seen campaigns addressing the LGBTQIA+ community’s need for individual recognition, amplifying the voices of Black youth, and showing the danger that Mexican journalists face daily. All explored important issues that have historically been ignored.”

The WARC Creative 100 has been compiled by applying a rigorous, unbiased and transparent methodology (www.warc.com/rankings/creative-100/methodology).

The WARC Creative 100 Ranking can be viewed in full here (www.warc.com/rankings/creative-100). It includes the world’s top 100 awarded campaigns for creativity, top 50 creative agencies, agency networks, brands, advertisers, countries and top holding companies. The campaigns, case studies, credits and subsequent insights reports are available to WARC Rankings subscribers.

About WARC – The global authority on marketing effectiveness
WARC is an Ascential company. Ascential delivers specialist information, analytics and ecommerce optimisation platforms to the world’s leading consumer brands and their ecosystems. Our world-class businesses improve performance and solve problems for our customers by delivering immediately actionable information combined with visionary longer-term thinking across Digital Commerce, Product Design and Marketing. We also serve customers across Retail & Financial Services. With more than 2,000 employees across five continents, we combine local expertise with a global footprint for clients in over 120 countries. Ascential is listed on the London Stock Exchange.

For over 30 years WARC has been powering the marketing segment by providing rigorous and unbiased evidence, expertise and guidance to make marketers more effective. WARC services include 96,000+ case studies, best practice guides, research papers, special reports, advertising trend data, news & opinion articles, as well as webinars, awards, events and advisory services. WARC operates out of London, New York, Singapore and Shanghai, servicing a community of over 75,000 marketers in more than 1,200 companies in 100+ markets and collaborates with 50+ industry partners.

About WARC Rankings – Creative 100
The WARC Creative 100 is a ranking of the world’s most awarded campaigns and companies for creativity. It compiles the results of award shows that ran the year prior to its publication (e.g. the 2022 rankings reflect the results of award shows that ran in 2021). The Creative 100 (formerly the Gunn Report) has run since 1999 and sits alongside the WARC Media 100 and the WARC Effective 100.

To compile the WARC Creative 100, WARC tracks different creative advertising competitions around the world. Campaigns and the brands and agencies behind them are awarded points based on the prizes they win in those competitions.

The WARC Creative 100 methodology follows the approach of the WARC Effective 100 methodology, which was developed in consultation with an independent third party: Douglas West, professor of marketing and programme director at King’s College, London.

In order of overall show weighting, the following shows are included in this year’s rankings:

Global:
Cannes Lions International Festival of Creativity
D&AD
The One Show
Clio Awards
London International Awards (LIA)

Regional:
APAC: Spikes Asia, Adfest
Europe: Eurobest, Golden Drum
Middle East & Africa: Dubai Lynx, Loeries
LATAM: El Ojo de Iberoamerica

Contact:

Amanda Benfell
Head of PR & Press
amanda.benfell@warc.com

Caldwell Announces International Alliance Partnership with Australia-Based Johnson Partners

Talent acquisition firm The Caldwell Partners International Inc. (TSX:CWL); (OTCQX:CWLPF) today announced an international alliance partnership with Johnson Partners, a next generation consulting firm working in board search, executive search and leadership succession with offices across Australia.

In connection with the alliance, Johnson Partners has acquired the business of Caldwell’s non-owned New Zealand licensee, and integrated Caldwell’s Australian team, expanding Johnson Partners’ position as one of the leading executive search firms in Australasia. Johnson Partners will become Caldwell’s exclusive external search partner for Australia and New Zealand, and Caldwell will become Johnson Partners’ exclusive external search partner for North America and the United Kingdom.

“Johnson Partners is one of the region’s most successful and influential executive search firms, widely recognized for their long-lasting collaborative partnerships with clients,” said Chris Beck, president of Caldwell. “This reciprocal alliance is beneficial in several ways. First, it will allow us to jointly conduct transformative searches across the globe at the very highest levels of management and operations, with a keen eye towards delivering outstanding outcomes for our clients. Second, we believe this considerable expansion with the Johnson Partners team will drive greater worldwide revenue opportunities for Caldwell, further creating value for our shareholders.”

“Caldwell’s breadth and reputation for combining innovative technology with outcome-oriented service and high-level expertise makes them the ideal organization to partner with on a global basis,” said Jason Johnson, managing partner of Johnson Partners. “This is a ground-breaking agreement for our firm, enabling us to be the leading board advisory and executive search firm with premier capability, track record and performance in Australasia, and opening up collaborative opportunities with Caldwell’s partner teams in the Americas and Europe. Similarly, this gives Caldwell expanded reach into Asia Pacific through a partnership with a leading firm that is expanding in the region. This ensures a global network well positioned to support our clients for international cross-border work at board, chief executive and C-suite levels.”

As Caldwell’s New Zealand operation was a licensee relationship and not owned, there was no consideration between Caldwell and Johnson Partners with respect to the transaction. Caldwell’s licensing agreement with Caldwell New Zealand has been cancelled and succeeded by the international affiliate partnership with Johnson Partners.

About Johnson Partners
Johnson Partners is a next generation consulting firm working in board search, executive search and leadership succession. Founded by Jason Johnson, one of the region’s most successful and influential executive search consultants, the firm focuses on a new client-inspired model that is transforming the executive search industry. Johnson Partners connects the world’s top organizations with the premier leadership they need to transform their organizations, outperform the competition and achieve their business goals.

About Caldwell Partners
Caldwell Partners is a technology-powered talent acquisition firm specializing in recruitment at all levels. Through two distinct brands – Caldwell and IQTalent Partners – the firm leverages the latest innovations in AI to offer an integrated spectrum of services delivered by teams with deep knowledge in their respective areas. Services include candidate research and sourcing through to full recruitment at the professional, executive and board levels, as well as a suite of talent strategy and assessment tools that can help clients hire the right people, then manage and inspire them to achieve maximum business results.

Caldwell Partners’ common shares are listed on The Toronto Stock Exchange (TSX:CWL) and trade on the OTCQX Market (OTCQX:CWLPF). Please visit our website at www.caldwell.com for further information.

Forward-Looking Statements
Forward-looking statements in this document are based on current expectations that are subject to the significant risks and uncertainties cited. These forward-looking statements generally can be identified by use of statements that include phrases such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “foresee,” “may,” “will,” “likely,” “estimates,” “potential,” “continue” or other similar words or phrases. Similarly, statements that describe our objectives, plans or goals also are forward-looking statements. The Company is subject to many factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statement including, but not limited to, software that we license from third parties, our ability to successfully recover from a disaster or other business continuity issues, successfully integrating or realizing the expected benefits from our acquisitions, adverse operating issues from acquired businesses, our ability to attract and retain key personnel; exposure to our partners taking our clients with them to another firm; the performance of the US, Canadian and international economies, including the impact of pandemic diseases; competition from other companies directly or indirectly engaged in executive search; liability risk in the services we perform; potential legal liability from clients, employees and candidates for employment; cybersecurity requirements, vulnerabilities, threats and attacks; damage to our brand reputation; our ability to align our cost structure to changes in our revenue; adverse governmental and tax law rulings; our ability to generate sufficient cash flow from operations to support our growth and fund any dividends; technological advances may significantly disrupt the labour market and weaken demand for human capital at a rapid rate; foreign currency exchange rate fluctuations; affiliation agreements may fail to renew or affiliates may be acquired; marketable securities valuation fluctuations; increasing dependence on third parties for the execution of critical functions; volatility of the market price and volume of our common shares; potential impairment of our acquired goodwill and intangible assets; and disruption as a result of actions of certain stockholders or potential acquirers of the Company. For more information on the factors that could affect the outcome of forward-looking statements, refer to the “Risk Factors” section of our Annual Information Form and other public filings (copies of which may be obtained at www.sedar.com). These factors should be considered carefully, and the reader should not place undue reliance on forward-looking statements. Although any forward-looking statements are based on what management currently believes to be reasonable assumptions, we cannot assure readers that actual results, performance or achievements will be consistent with these forward-looking statements, and management’s assumptions may prove to be incorrect. Except as required by Canadian securities laws, we do not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by us or on our behalf; such statements speak only as of the date made. The forward-looking statements included herein are expressly qualified in their entirety by this cautionary language.

For further information, please contact:
Investors:
Chris Beck, President and Chief Financial Officer
Caldwell
cbeck@caldwell.com
+1 (617) 934-1843

Media:
Caroline Lomot, Director of Marketing
Caldwell
clomot@caldwell.com
+1 (516) 830-3535

Jason Johnson, Founder & CEO
Johnson Partners
+61 414 793 980
jason@johnsonpartners.co

SOURCE: Caldwell Partners International, Inc.

Maxim Group LLC Initiates Coverage of Society Pass (SoPa)

  • SoPa’s fast growing ecommerce ecosystem in SEA offers lifestyle, F&B, merchant payment software and loyalty programs
  • The company was added to the Russell 2000 Index in December, 2021
  • Growth drivers include the relaunch of the Leflair luxury site in Vietnam (1.5M+ registered users), a growing F&B merchant platform, a loyalty points program, and future M&A.
  • SoPa’s current cash of US$33M and no debt are sufficient to fund M&A and organic growth plans for the next 3 years
  • Maxim Group projects significant revenue growth from US$1M in 2021, to US$38M in 2023

Society Pass Incorporated (SoPa)(Nasdaq: SOPA), Southeast Asia’s fastest growing loyalty and ecommerce ecosystem today, announced that Maxim Group LLC (Maxim) has announced that they have initiated equity research of SoPa and published their initial Equity Research Report, dated February 24, 2022.

In its report, Maxim highlighted the following key growth drivers for SoPa:

  • Large and growing South and Southeast Asia markets that are shifting towards digitalization
  • Launch of Society Points in 2H22 which is high margin and should increase customer retention.
  • Technology for data and loyalty programs should grow e-commerce.
  •  Relaunch of Leflair in 2H21, which is a top-five luxury ecommerce site in Vietnam. Leflair generated ~$9M in revenue in 2019.
  • Grow merchant-related fees from partnership program, POS devices, software, and vendor finance offerings.
  •  Grow new customers through event marketing with strategic partners, digital/social media engagement, and joint marketing with merchants.
  •  Roll up smaller ecommerce-related companies. Opportunities are available at low multiples as target companies have fewer alternative forms of capital. Acquisition targets can generate revenue and expense synergies as part of the Society Pass ecosystem.

Maxim also highlighted the successful track record of SoPa Chairman and CEO, Dennis Nguyen in building out and selling businesses in China and Southeast Asia.

Dennis Nguyen, CEO of Society Pass said “The publication of this report is another exciting milestone for Society Pass so soon after our IPO. Investors continue to have a positive view of the Southeast Asian investment opportunity and this report will bring greater awareness and understanding to the market of our plans to build Southeast Asia’s fastest growing ecommerce and loyalty ecosystem.”

About Society Pass
Society Pass is a loyalty and data marketing ecosystem that operates multiple e-commerce and lifestyle platforms across its key markets. Its business model focuses on collecting user data through the expected circulation of its universal loyalty points. It seamlessly connects consumers and merchants across multiple product and service categories fostering organic loyalty. Since its inception, SoPa has amassed over 1.6 million registered consumers and over 3,500 registered merchants/brands on its platform. It has since invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its Platform’s consumers, merchants, and acquisitions.

Society Pass provides merchants with #HOTTAB Biz – a convenient order management app for business partners on SoPa.asia, and #HOTTAB POS – a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user’s profile analytics, and convenient financial support packages for small and medium-sized enterprises. All tools offered above will allow businesses to attract and retain customers through personalized interaction based on analytics with a high profit margin.

In addition, SoPa operates Leflair.com, Vietnam’s leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, and Handycart.vn, a leading online restaurant delivery service based in Hanoi, Vietnam. For more information, please check out: http://thesocietypass.com/

Media contact
PRecious Communications for SoPa
sopa@preciouscomms.com