Stock Market

	price	high	low	%
Dow Jones	28364	28390	28244	0.04 %
S&P500	3453	3454	3437	0.13 %
Nasdaq 100	11749	11763	11684	0.15 %
Euro Stoxx 50	3249	3249	3215	1.28 %
FTSE 100	5913	5916	5860	0.97 %
CAC40	4965	4965	4900	0.61 %
DAX	12843	12844	12751	0.86 %
Hong Kong HSI	24517	24577	24412	0.46 %
Nikkei 225	23609	23670	23519	0.09 %

Dow Jones	28364	0.04%
S&P500	3453	0.13%
Nasdaq 100	11749	0.15%
FTSE 100	5913	0.97%

CAC40	4964	0.59%
Nikkei 225	23609	0.09%
Euro Stoxx 50	3249	1.28%
DAX	12841	0.84%

Tuesday, 20 October 2020, 4:04

Shanghai Disney Resort Launches New Shanghai Disneyland Senior Seasonal Pass for Senior Citizens to Enjoy a New Season of Magic

SHANGHAI, Oct. 20, 2020 /PRNewswire/ -- Shanghai Disney Resort today announced the launch of the first-ever Shanghai Disneyland Senior Seasonal Pass in anticipation of the upcoming Double Ninth Festival. Specially designed for guests aged 65 years old and over, the new Senior Seasonal Pass allows guests to enjoy multiple entries to the theme park throughout the holiday season. Sales of the Shanghai Disneyland Senior Seasonal Pass will begin on October 25, 2020, and Passes will be valid on most weekdays from October 26, 2020 through January 22, 2021.

"As an immersive, family-friendly destination that blends timeless Disney storytelling and innovation, Shanghai Disney Resort is a hub where guests of all ages can come to enjoy magical adventures together," said Joe Schott, President and General Manager, Shanghai Disney Resort. "With the introduction of our new Shanghai Disneyland Senior Seasonal Pass, we are excited to further spread the magic of Shanghai Disneyland, inviting more senior guests to experience the wonders and excitement of repeat visits and embrace their inner child at this magical destination."

Since its Grand Opening, Shanghai Disney Resort has attracted millions of guests across different generations, bringing them together to enjoy a wealth of unforgettable experiences. From beautiful scenic spaces and incredible dining options, to unforgettable stays and immersive attractions that can be enjoyed by guests of any age, Shanghai Disney Resort truly has something for everyone.

With the Shanghai Disneyland Senior Seasonal Pass, senior citizens will be able to take full advantage of many of the park's ongoing and upcoming offerings, visiting with their friends, children and grandchildren to experience what the resort has to offer. From natural beauty and spectacular entertainment, to tranquil gardens, captivating stories, family-friendly attractions, and more, senior guests will be able to immerse themselves in seven lands of child-like wonder and magic.

The Shanghai Disneyland Senior Seasonal Pass is priced at RMB 498 on Shanghai Disney Resort's official channels and provides fantastic value – allowing Pass holders (aged 65 years old and over) to enter the theme park on the majority of weekdays from October 26, 2020 through January 22, 2021 – subject to the Shanghai Disneyland Senior Seasonal Pass Calendar. (Starting October 25, the Shanghai Disneyland Senior Seasonal Pass Calendar will be available to view on the Shanghai Disney Resort Official Website, and is subject to change in instances where the government announces adjustments to holidays and non-working days. Admission is also subject to available park capacity each day).

Guests will be able to purchase a Shanghai Disneyland Senior Seasonal Pass for themselves or as a thoughtful gift for family and friends starting from this year's Double Ninth Festival. From October 25, 2020 until January 21, 2021, the Shanghai Disneyland Senior Seasonal Pass will be available for guests to purchase on multiple Shanghai Disney Resort official online channels, including the Shanghai Disney Resort Official Website and App, Shanghai Disney Resort Official WeChat account, the Shanghai Disney Resort Reservation Center and the Shanghai Disney Resort Official Fliggy Store, and on multiple Shanghai Disney Resort official travel partners' online channels as well. Senior guests will also find the new Pass available for purchase at the Disneytown Guest Services windows, located outside the Shanghai Disneyland Main Entrance. And with this year's fun-filled holiday season already in full swing, the new Shanghai Disneyland Senior Seasonal Pass will allow holders to enjoy a wide array of special Disney seasonal celebrations, including Halloween and Christmas, complete with festive entertainment, celebrations and stunning food, beverage and merchandise offerings.

After purchase, guests can redeem their Senior Seasonal Pass at the Shanghai Disneyland Main Entrance Ticket Booths during the park's announced hours of operation by presenting their Senior Seasonal Pass's order number and the original copy of the Pass holder's valid government ID. All guests are still required to make a reservation by submitting their visitation date and personal information to obtain a Shanghai Disneyland Reservation QR Code prior to their arrival at the park's Main Entrance. Guests can visit the Shanghai Disney Resort Official Website https://www.shanghaidisneyresort.com/ for more information.

SOURCE Shanghai Disney Resort

Tuesday, 20 October 2020, 4:00

TIGA Announces The 2020 Games Industry Awards Finalists

LONDON, Oct. 20, 2020 /PRNewswire/ -- TIGA, the network for video games developers and digital publishers and the trade association representing the video games industry, has announced the list of finalists for the TIGA Games Industry Awards, ahead of the virtual ceremony which will be streamed live on 24, 25^th and 26^thNovember 2020.

This year's finalists are as follows:

1. Best Action and Adventure Game

Dotemu: Streets of Rage 4
Hi-Rez Studios: Rogue Company
Ion Lands: Cloudpunk
Kwalee: Sneak Thief 3D
Playtonic Games: Yooka-Laylee and the Impossible Lair
Sony Interactive Entertainment Europe: THE LAST OF US PART 2
SUPERHOT Sp. Z o. o. : Superhot Mind Control Delete
The Chinese Room: Little Orpheus
Unfold Games: DARQ

2. Best Arcade Game

Ant Workshop: Dead End Job
Dotemu: Streets of Rage
Gunfish Games: Nerve
Kwalee: Crazy Shopping
Kwalee: Jetpack Jump:
Milky Tea: HyperBrawl Tournament
Rebellion: Zombie Army 4: Dead War
Sold Out: Radical Rabbit Stew
Team 17 Digital: Golf With Your Friends

3. Best Casual Game

Kwalee: Draw It
Next Studios: Biped
Outplay Entertainment: Craft Candy Blast
Shadowlair Games: Fuzzball
Sketchbook Games: Lost Words: Beyond the Page
Sumo Sheffield: Spyder
Supersolid: Snake Rivals
Team 17 Digital: Moving Out
The Chinese Room: Little Orpheus

4. Best Social Game

Dotemu: Streets of Rage
Lockwood Publishing: Avakin Life
Marmalade Game Studio: The Game of Life
PlayFusion: Lightseekers
PlayFusion: Warhammer Age of Sigmar: Champions
Supersolid: Home Street

5. Best Educational or Serious Game

Idea Games: Other Wordly
Lowtek Games: A Familiar Fairytale: Dyslexic text Based Adventures
MangaHigh: Minus Miners
NatWest: Island Saver
BBC Bitesize: My First Day at School
BBC Bitesize: Karate Cats Maths
BBC Bitesize: Galaxy Pugs
Playerthree: Ben 10 Omnicode
Sony Interactive Entertainment Europe: Dreams

6. Best Puzzle Game

Curve Digital: Peaky Blinders: Mastermind
Hidden Layer Games: Inmost
Kinoro Games: Hello Human
Kwalee: Line Up: Draw the Criminal
Lykke Studios: Tint
Lozange Lab: Rip Them Off
Mighty Polygon: Relicta
Playerthree: Ben 10 Omnicode
SFB Game: Tangle Tower

7. Best Racing Game

Codemasters: DiRT Rally 2.0 Game of the Year Edition
Codemasters: Project CARS 3
Codemasters: F1 2020
Happy Volcano: You Suck at Parking
Kwalee: Off the Rails 3D
Kwalee: OverTake
Sumo Nottingham: Hotshot Racing

8. Best Role Playing Game

Brave at Night: Yes, Your Grace
Complete Control: Nick World Jr for Nick Jr
International Hobo: Silk
Lockwood Publishing: Avakin Life
Playstack: Mortal Shell
Sony Interactive Entertainment Europe: Ghost of Tsushima

9. Best Strategy Game

Auroch Digital: Megaquarium:
Creative Assembly: A Total War Saga: Troy
Gamecraft Studios: Rogue Summoner
Lozange Lab: Rip Them Off
MangaHigh: Slime Studio
Perchang Limited: Warhammer Quest: Silver Tower
PlayFusion: Warmhammer Age of Sigmar: Champions

10. Creativity in Games Award

Foam Sword: Knights and Bikes
Hidden Layer Games: Inmost
Ion Lands: Cloudpunk
Kingblade Games: Do Not Buy This Game
Sketchbook Games: Lost Words: Beyond the Page
Sony Interactive Entertainment Europe: Dreams
Unit 2 Games: Crayta
Wales Interactive, Good Gate Media, Little Jade Productions: The Complex
3-Fold Games: Before I Forget

11. Heritage in Games Award

Codemasters: F1 2020
Dovetail Games: Train Sim World 2
Future Games of London: Hungry Shark World
Marmalade Game Studio: The Game of Life 2
Inkle: Pendragon
International Hobo: Silk
Sony Interactive Entertainment Europe: MediEvil
Wales Interactive: Maid of Sker
3-Fold Games Ltd: Before I Forget

12. Best VR/AR Game

Fireproof Games: The Room VR: A Dark Matter
nDreams: Phantom: Covert Ops
PlayFusion: Lightseekers
Sony Interactive Entertainment Europe: Dreams
Sony Interactive Entertainment Europe: Marvel's Iron Man
Superbright: In Death: Unchained
Thoughtfish GmbH: Farmstead

13. Diversity Award

BAME in Games
Dovetail Games
IHDC
Kwalee
Payload Studios
Putting the G Into Gaming
Supermassive Games
Testronic: 50% Initiative
Women in Games

14. Best Audio Design

Codemasters: F1 2020
Playtonic Games: Yooka-Laylee and the Impossible Lair
Rebellion: Zombie Army 4: Dead War
Sketchbook Games: Lost Words: Beyond the Page
Sony Interactive Entertainment Europe: Concrete Genie
Sony Interactive Entertainment Europe: The Last of Us Part 2
Sony Interactive Entertainment Europe: Ghost of Tsushima
Sumo Sheffield: Spyder
Unique Horn Studios: Wolcen: Lords of Mayhem

15. Best Visual Design

Atomhawk: XCOM: Chimera Squad
Codemasters: F1 2020
Foam Sword: Knights and Bikes
Future Games of London: Hungry Shark World
Rebellion: Zombie Army Trilogy
Rebellion: Sniper Elite 3 Ultimate Edition
Sony Interactive Entertainment Europe: Dreams
Sumo Sheffield: Spyder
The Chinese Room: Little Orpheus

16. Best Art/Animation/Trailer Supplier

Atomhawk
Liquid Crimson
Realtime UK
Sony Interactive Entertainment Europe

17. Audio Services Supplier

Tazman-Audio
Side Audio
Pitstop Productions
Soundcuts
Universally Speaking

18. Best Education Initiative and Talent Development

Atomhawk
Curzon Software House (Birmingham City University)
Grads in Games
IHDC
Next Gen Skills Academy
Staffordshire University
Sumo Digital
The Centre for Digital Entertainment
University of the West of England

19. Best Educational Institution

Birmingham City University
Bournemouth University
Norwich University
Staffordshire University
University of Gloucestershire
University of Greenwich
University of Hertfordshire
University of Portsmouth
University of the West of England

20. Best Studio 2020: Large

Codemasters
Dovetail Games
Kwalee
Lockwood Publishing
nDreams
Rebellion
Sony Interactive Entertainment Europe/Media Molecule
Sumo Sheffield
Supermassive Games

21. Best Studio 2020: Small

Lab42
Nomad Games
Payload Studios
PlayFusion
Red Kite Games
Sketchbook Games
The Chinese Room
Unit 2 Games

22. Outstanding Leadership Award

Mark Backler, CEO Sketchbook Games
Halli Bjornsson, CEO Lockwood Publishing
David Darling, CBE CEO of Kwalee
Mark Gerhard, CEO PlayFusion
Jason Kingsley OBE and Chris Kingsley OBE Rebellion
Patrick O'Luanaigh, CEO nDreams
Frank Sagnier, CEO Codemasters
Erik Hittenhausen, Chief Service Officer, Testronic
Vickie Peggs, CEO Universally Speaking
Liz Prince, CEO Amiqus

23. Best Publisher

Codemasters
Curve Digital
Kwalee
Rebellion
Sony Interactive Entertainment Europe

24. Best Legal Services Supplier

Eaton Smith LLP
Stevens & Bolton LLP
Wiggin LLP

25. Best QA Provider

GlobalStep
Testronic
Universally Speaking

26. Best Recruitment Agency

Aardvark Swift
Amiqus
Big Planet

27. Best Tax and Accountancy Firm

MHA Henderson Loggie
MMP Tax Ltd
RSM

28. Best Technical Innovation

Codemasters
Nomad Games
Playfusion
Simul
Sumo Sheffield
Tazman Audio
Unit 2 Games

29. Best Services Provider

Atomhawk
Big Planet
Games Jobs Direct
Liquid Crimson
Realtime UK
Side Audio
Simul
Soundcuts
Tazman Audio

TIGA's charity partner for the 2020 Awards is once again SpecialEffect, a fantastic organisation dedicated to using technology to enhance the quality of life of people with physical disabilities through video games.

Dr Richard Wilson, OBE TIGA CEO, said

"The TIGA Games Industry Awards provide the opportunity to celebrate success and highlight achievements. This year more than ever, it's important that our industry comes together and celebrates the achievements of our developers, publishers, educational institutions and service providers. We look forward to revealing the winners at the virtual ceremony.

"I would like to thank everyone who has entered and supported the 2020 TIGA Games Industry Awards and congratulations to all those who have been shortlisted."

"I would also like to express my thanks to our sponsors for generously supporting the TIGA Games Industry Awards programme."

The 2020 TIGA Games Industry Awards are supported by:

* Gold Sponsors: Amiqus; Atomhawk; Lockwood Publishing; Red Kite Games; Sumo Digital; Supermassive Games; and The Chinese Room.

* Silver Sponsors: Codemasters; Dovetail Games; Pearson; Stevens & Bolton LLP and Universally Speaking.

* Bronze Sponsors: Aardvark Swift; Baseline; Birmingham City University; Bournemouth University; CCP Games; Kwalee; Liquid Crimson; MMP Tax; Outplay Entertainment; Space Ape Games; Tazman Audio and Tentacle Zone.

To find more information about the Awards, please go to www.tiga.org/awards and stay up to date by following TIGA on twitter at @TIGAMovement #TIGAAwards hashtag.

About TIGA

TIGA is the network for games developers and digital publishers and the trade association representing the video games industry. Since 2010, TIGA has won 28 business awards and commendations. TIGA focuses on three sets of activities:

Political representation
Media representation
Business services

This enhances the competitiveness of our members by providing benefits that make a material difference to their businesses, including a reduction in costs and improved commercial opportunities. It also means our members' voices are heard in the corridors of power and positively represented in national, broadcast and UK video game trade media.

Get in touch:

Tel: +44-(0)-845 468 2330
Email: info@tiga.org
Web: www.tiga.org
Twitter: www.twitter.com/tigamovement
Facebook: www.facebook.com/TIGAMovement
LinkedIn: http://www.linkedin.com/company/tiga

Tuesday, 20 October 2020, 4:00

Vestiaire Collective x BCG: The Consumer Behind Fashion's Growing Secondhand Market

- The global secondhand market is predicted to grow by a CAGR of 15% to 20%

- Secondhand consumption is largely driven by consumers' desires for affordability, selection availability, and sustainability

- Customer segmentation is key to understanding secondhand commerce

PARIS, Oct. 20, 2020 /PRNewswire/ -- Vestiaire Collective, the leading global community platform for desirable preowned fashion, and Boston Consulting Group have partnered for the second year running to release a new survey, The Consumers Behind Fashion's Growing Secondhand Market, exploring the evolving dynamics of the global resale market. The survey—of 7,000 individuals from six countries—reveals the diverse customer attitudes and behaviors of its respondents, the growing importance of sustainability—among other drivers—in driving the resale boom, and some of the ways luxury brands can benefit from the growing resale market.

The resale market is currently estimated to be worth $30 to $40 billion, with the market predicted to grow by a CAGR of 15% to 20% globally over the next 5 years, and even higher in developed markets, which could see a 100% YoY growth. The expansion is being driven by an increase in the number of customers starting to buy secondhand and by the number of secondhand pieces consumers are purchasing. Combined, these developments are leading to a share of secondhand clothing in people's closets that is predicted to grow from 21% in 2020 to 27% in 2023.

Accelerated Consumer Trends

Although affordability, selection availability, and item uniqueness have contributed to the growing popularity of the secondhand market, the survey reveals that consumers' mounting environmental concerns are also contributing to the secondhand market's growth. This shift has been further accelerated by the pandemic, with 70% of respondents in 2020 saying they feel compelled to shop for preowned goods in an effort to become more sustainable, compared with 62% in 2018.

A Thriving Secondhand Market Drives Sustainable Consumption

The survey also reveals shoppers' wants: to own fewer, better pieces; to reduce overconsumption; and to take better care of what's in their closets. The presence of a thriving preowned market encourages all three goals.

The Upscale Effect: "Buy Fewer, Better Items."
85% of preowned buyers participate to reduce overconsumption by trading up fast fashion to fewer, higher-quality, longer-lasting items.
The Durability Boost: "Take Greater Care of My Things."
70% of fashion consumers say that the existence of a secondhand market encourages them to take better care of the items they own.
The Circular Life Cycle.
60% of sellers would have not given a second life to their pieces without the secondhand market.

Customer Segmentation Is Key to Understanding Engagement in the Secondhand Market

Looking beyond general preferences, the report also identifies six consumer segments, each with distinct attitudes and behaviors, representing the various ways in which participants engage with the secondhand market. The analysis offers valuable insights to help brands better understand the shoppers of today and tomorrow, which will also be useful in recognizing how secondhand consumers may evolve from occasional shoppers of luxury items, for example, to full-fledged brand loyalists.

Luxury Brands Benefit from a Healthy Secondhand Market

There are many ways luxury brands can capture value from the preowned boom, bearing in mind that more than 62% of consumer respondents said they would be more willing to buy from fashion brands that partner with secondhand players. Potential benefits include:

The ability to respond to growing consumer desire for purpose-led organizations, as 60% of consumers want to buy from companies of this type.
Customer acquisition, considering that consumers discover brands through secondhand shopping; among those surveyed, 48% purchased a brand that was new to them through secondhand channels in the past year and would consider buying the same brand again.
Customer loyalty because the secondhand market represents an opportunity to get sellers to buy additional items with the money they earned from their sales; 31% of market participants operate this way.

With 69% of consumers willing to consume more secondhand pieces in the future, the preowned market looks poised to address consumers' growing desire for wardrobes that are unique, of good value, and sustainable.

To learn more about the growing secondhand market—and the wide-ranging motivations of its participants—download the full report at vestiairecollective.com or bcg.com.

Notes to Editor:

Methodology

Based on a survey carried out in June 2020 to 7000 Vestiaire Collective members located in 6 countries (The US, France, Spain, Italy, Germany and the UK).

About Vestiaire Collective:

Vestiaire Collective is the leading global platform for desirable pre-owned fashion. It is dedicated to promoting the circular fashion movement as an alternative to the wasteful and harmful practices of the fast-fashion industry. Curated by its trusted community of fashion activists, members inspire one another whilst selling and buying unique pieces from each other's wardrobes. Encouraging consumers to join the circular economy and adopt a more conscious approach to fashion consumption, the platform is unique due to its highly engaged community, its rare desirable inventory, and high level of trust it has built due to its authenticity and quality control process. Launched in Paris in October 2009, Vestiairecollective.com has over 10 million members worldwide with offices in Paris, London, New York, Milan, Berlin, and Hong Kong. Over 70,000 new items are submitted by its community of sellers every week, which enables buyers to search amongst highly coveted and sold out fashion pieces @vestiaireco

About the Boston Consulting Group (BCG)

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation—inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact.

To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.For more information, go to bcg.com.

Photo - https://mma.prnewswire.com/media/1315770/Vestiaire_Collective_BCG_Secondhand_Market.jpg

Tuesday, 20 October 2020, 4:00

Private Cellular Networks to Generate Over US$64 Billion in Equipment Revenues by 2030

LONDON, Oct. 20, 2020 /PRNewswire/ -- The immense appetite for private networks in the enterprise domain keeps rising and rising. According to new a new forecast by global tech advisory firm ABI Research, private cellular network deployments within the enterprise domain will generate equipment revenues of more than US$64 billion by 2030. While large enterprises (with annual revenues of more than US$1 billion) will drive the market for the next 10 years (accounting for 50% of private networks by 2030), enterprises with annual revenues between US$250 million and US$1 billion will account for 40% of private networks by 2030, with their proportion expected to rise further beyond the forecasting period.

"These numbers underline the huge momentum that we see for private cellular networks as a key enabler for enterprise digitization," says Leo Gergs, Research Analyst for 5G Markets at ABI Research. "As enterprises require highly customized deployment solutions, including deterministic & time sensitive networking and are governed by strict regulations regarding data protection and network integrity, the deployment of a private cellular network will be their first choice."

While large manufacturers like Bosch, Mercedes, or Siemens certainly have the financial resources and the necessary manpower to manage and operate a cellular network on their own, enterprises with annual revenues below US$1 billion do not have the resources nor capabilities to do so. Following a recent ABI Research survey among industrial manufacturers across key markets in Europe, North America, and the Asia-Pacific region, 3 out of 5 manufacturers would prefer their private network to be managed & operated by a third party.

To address this revenue opportunity within mid-tier enterprises, the telco industry needs to develop appealing offerings that take into account the business realities of these enterprises. Since enterprises with revenues of up to US$1 billion face tight budgetary constraints, large upfront investments into network deployment would serve as a true barrier to entry. "To lower this barrier and promote enterprise cellular network deployments, the telco industry needs to bid farewell to CAPEX intensive business models and develop OPEX-based offerings instead. Any such offering should adopt a service-based approach to give enterprise the reassurance of paying only for services they truly need. As a result, the telco industry should be prepared to sacrifice short-term gains for the tremendous opportunity that private cellular in the enterprise verticals domain will unlock in the long-term," Gergs advises.

The need for the telco industry to adapt is underlined by a drastic change in the shape of the competitive landscape that we are witnessing. "The traditional network operators are under attack. On the one hand, we see webscalers like Amazon Webservices (AWS) and Microsoft Azure developing End-to-End solutions for enterprise connectivity. On the other hand, we see more and more specialized network operators like Ambra, Citymesh, and Edzcom, which reserve spectrum assets to provide private cellular for enterprises as a service-based offering. Considering this, network operators need to evolve their business models fast, to protect their slice of the cake from being eaten by anyone else," concludes Gergs.

These findings are from ABI Research's Private Cellular Networks Forecast market data report. This report is part of the company's 5G Markets research service, which includes research, data, and analyst insights. Market Data spreadsheets are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight where opportunities lie.

About ABI Research

ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.

ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。我们帮助客户创造真实的业务成果。

For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info:
Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com

View original content to download multimedia:http://www.prnewswire.com/news-releases/private-cellular-networks-to-generate-over-us64-billion-in-equipment-revenues-by-2030-301155323.html

SOURCE ABI Research

Tuesday, 20 October 2020, 4:00

Vestiaire Collective x BCG: The Consumer Behind Fashion's Growing Secondhand Market

PARIS, Oct. 20, 2020 /PRNewswire/ -- Vestiaire Collective, the leading global community platform for desirable preowned fashion, and Boston Consulting Group have partnered for the second year running to release a new survey, The Consumers Behind Fashion's Growing Secondhand Market, exploring the evolving dynamics of the global resale market. The survey--of 7,000 individuals from six countries--reveals the diverse customer attitudes and behaviors of its respondents, the growing importance of sustainability--among other drivers--in driving the resale boom, and some of the ways luxury brands can benefit from the growing resale market.

The resale market is currently estimated to be worth $30 to $40 billion, with the market predicted to grow by a CAGR of 15% to 20% globally over the next 5 years, and even higher in developed markets, which could see a 100% YoY growth. The expansion is being driven by an increase in the number of customers starting to buy secondhand and by the number of secondhand pieces consumers are purchasing. Combined, these developments are leading to a share of secondhand clothing in people's closets that is predicted to grow from 21% in 2020 to 27% in 2023.

Accelerated Consumer Trends

Although affordability, selection availability, and item uniqueness have contributed to the growing popularity of the secondhand market, the survey reveals that consumers' mounting environmental concerns are also contributing to the secondhand market's growth. This shift has been further accelerated by the pandemic, with 70% of respondents in 2020 saying they feel compelled to shop for preowned goods in an effort to become more sustainable, compared with 62% in 2018.

A Thriving Secondhand Market Drives Sustainable Consumption

The survey also reveals shoppers' wants: to own fewer, better pieces; to reduce overconsumption; and to take better care of what's in their closets. The presence of a thriving preowned market encourages all three goals.

The Upscale Effect: "Buy Fewer, Better Items."
85% of preowned buyers participate to reduce overconsumption by trading up fast fashion to fewer, higher-quality, longer-lasting items.
The Durability Boost: "Take Greater Care of My Things."
70% of fashion consumers say that the existence of a secondhand market encourages them to take better care of the items they own.
The Circular Life Cycle.
60% of sellers would have not given a second life to their pieces without the secondhand market.

Customer Segmentation Is Key to Understanding Engagement in the Secondhand Market

Looking beyond general preferences, the report also identifies six consumer segments, each with distinct attitudes and behaviors, representing the various ways in which participants engage with the secondhand market. The analysis offers valuable insights to help brands better understand the shoppers of today and tomorrow, which will also be useful in recognizing how secondhand consumers may evolve from occasional shoppers of luxury items, for example, to full-fledged brand loyalists.

Luxury Brands Benefit from a Healthy Secondhand Market

There are many ways luxury brands can capture value from the preowned boom, bearing in mind that more than 62% of consumer respondents said they would be more willing to buy from fashion brands that partner with secondhand players. Potential benefits include:

The ability to respond to growing consumer desire for purpose-led organizations, as 60% of consumers want to buy from companies of this type.
Customer acquisition, considering that consumers discover brands through secondhand shopping; among those surveyed, 48% purchased a brand that was new to them through secondhand channels in the past year and would consider buying the same brand again.
Customer loyalty because the secondhand market represents an opportunity to get sellers to buy additional items with the money they earned from their sales; 31% of market participants operate this way.

With 69% of consumers willing to consume more secondhand pieces in the future, the preowned market looks poised to address consumers' growing desire for wardrobes that are unique, of good value, and sustainable.

To learn more about the growing secondhand market--and the wide-ranging motivations of its participants--download the full report at vestiairecollective.com or bcg.com.

Notes to Editor:

Methodology

Based on a survey carried out in June 2020 to 7000 Vestiaire Collective members located in 6 countries (The US, France, Spain, Italy, Germany and the UK).

About Vestiaire Collective:

Vestiaire Collective is the leading global platform for desirable pre-owned fashion. It is dedicated to promoting the circular fashion movement as an alternative to the wasteful and harmful practices of the fast-fashion industry. Curated by its trusted community of fashion activists, members inspire one another whilst selling and buying unique pieces from each other's wardrobes. Encouraging consumers to join the circular economy and adopt a more conscious approach to fashion consumption, the platform is unique due to its highly engaged community, its rare desirable inventory, and high level of trust it has built due to its authenticity and quality control process. Launched in Paris in October 2009, Vestiairecollective.com has over 10 million members worldwide with offices in Paris, London, New York, Milan, Berlin, and Hong Kong. Over 70,000 new items are submitted by its community of sellers every week, which enables buyers to search amongst highly coveted and sold out fashion pieces @vestiaireco

About the Boston Consulting Group (BCG)

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation—inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact.

To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.For more information, go to bcg.com.

Photo - https://mma.prnewswire.com/media/1315770/Vestiaire_Collective_BCG_Secondhand_Market.jpg

SOURCE Vestiaire Collective; BCG

Tuesday, 20 October 2020, 4:00

Vestiaire Collective x BCG: The Consumer Behind Fashion's Growing Secondhand Market

PARIS, Oct. 20, 2020 /PRNewswire/ -- Vestiaire Collective, the leading global community platform for desirable preowned fashion, and Boston Consulting Group have partnered for the second year running to release a new survey, The Consumers Behind Fashion's Growing Secondhand Market, exploring the evolving dynamics of the global resale market. The survey—of 7,000 individuals from six countries—reveals the diverse customer attitudes and behaviors of its respondents, the growing importance of sustainability—among other drivers—in driving the resale boom, and some of the ways luxury brands can benefit from the growing resale market.

The resale market is currently estimated to be worth $30 to $40 billion, with the market predicted to grow by a CAGR of 15% to 20% globally over the next 5 years, and even higher in developed markets, which could see a 100% YoY growth. The expansion is being driven by an increase in the number of customers starting to buy secondhand and by the number of secondhand pieces consumers are purchasing. Combined, these developments are leading to a share of secondhand clothing in people's closets that is predicted to grow from 21% in 2020 to 27% in 2023.

Accelerated Consumer Trends

Although affordability, selection availability, and item uniqueness have contributed to the growing popularity of the secondhand market, the survey reveals that consumers' mounting environmental concerns are also contributing to the secondhand market's growth. This shift has been further accelerated by the pandemic, with 70% of respondents in 2020 saying they feel compelled to shop for preowned goods in an effort to become more sustainable, compared with 62% in 2018.

A Thriving Secondhand Market Drives Sustainable Consumption

The survey also reveals shoppers' wants: to own fewer, better pieces; to reduce overconsumption; and to take better care of what's in their closets. The presence of a thriving preowned market encourages all three goals.

The Upscale Effect: "Buy Fewer, Better Items."
85% of preowned buyers participate to reduce overconsumption by trading up fast fashion to fewer, higher-quality, longer-lasting items.
The Durability Boost: "Take Greater Care of My Things."
70% of fashion consumers say that the existence of a secondhand market encourages them to take better care of the items they own.
The Circular Life Cycle.
60% of sellers would have not given a second life to their pieces without the secondhand market.

Customer Segmentation Is Key to Understanding Engagement in the Secondhand Market

Looking beyond general preferences, the report also identifies six consumer segments, each with distinct attitudes and behaviors, representing the various ways in which participants engage with the secondhand market. The analysis offers valuable insights to help brands better understand the shoppers of today and tomorrow, which will also be useful in recognizing how secondhand consumers may evolve from occasional shoppers of luxury items, for example, to full-fledged brand loyalists.

Luxury Brands Benefit from a Healthy Secondhand Market

There are many ways luxury brands can capture value from the preowned boom, bearing in mind that more than 62% of consumer respondents said they would be more willing to buy from fashion brands that partner with secondhand players. Potential benefits include:

The ability to respond to growing consumer desire for purpose-led organizations, as 60% of consumers want to buy from companies of this type.
Customer acquisition, considering that consumers discover brands through secondhand shopping; among those surveyed, 48% purchased a brand that was new to them through secondhand channels in the past year and would consider buying the same brand again.
Customer loyalty because the secondhand market represents an opportunity to get sellers to buy additional items with the money they earned from their sales; 31% of market participants operate this way.

With 69% of consumers willing to consume more secondhand pieces in the future, the preowned market looks poised to address consumers' growing desire for wardrobes that are unique, of good value, and sustainable.

To learn more about the growing secondhand market—and the wide-ranging motivations of its participants—download the full report at vestiairecollective.com or bcg.com.

Methodology

Based on a survey carried out in June 2020 to 7000 Vestiaire Collective members located in 6 countries (The US, France, Spain, Italy, Germany and the UK).

About Vestiaire Collective:

Vestiaire Collective is the leading global platform for desirable pre-owned fashion. It is dedicated to promoting the circular fashion movement as an alternative to the wasteful and harmful practices of the fast-fashion industry. Curated by its trusted community of fashion activists, members inspire one another whilst selling and buying unique pieces from each other's wardrobes. Encouraging consumers to join the circular economy and adopt a more conscious approach to fashion consumption, the platform is unique due to its highly engaged community, its rare desirable inventory, and high level of trust it has built due to its authenticity and quality control process. Launched in Paris in October 2009, Vestiairecollective.com has over 10 million members worldwide with offices in Paris, London, New York, Milan, Berlin, and Hong Kong. Over 70,000 new items are submitted by its community of sellers every week, which enables buyers to search amongst highly coveted and sold out fashion pieces @vestiaireco

About the Boston Consulting Group (BCG)

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation—inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact.

To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.For more information, go to bcg.com.

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SOURCE Vestiaire Collective; BCG

Tuesday, 20 October 2020, 4:00

Private Cellular Networks to Generate Over US$64 Billion in Equipment Revenues by 2030

Large enterprises will drive the market for private cellular until 2030, but the mid-tier sector will be important for long-term success

LONDON, Oct. 20, 2020 /PRNewswire/ -- The immense appetite for private networks in the enterprise domain keeps rising and rising. According to new a new forecast by global tech advisory firm ABI Research, private cellular network deployments within the enterprise domain will generate equipment revenues of more than US$64 billion by 2030. While large enterprises (with annual revenues of more than US$1 billion) will drive the market for the next 10 years (accounting for 50% of private networks by 2030), enterprises with annual revenues between US$250 million and US$1 billion will account for 40% of private networks by 2030, with their proportion expected to rise further beyond the forecasting period.

"These numbers underline the huge momentum that we see for private cellular networks as a key enabler for enterprise digitization," says Leo Gergs, Research Analyst for 5G Markets at ABI Research. "As enterprises require highly customized deployment solutions, including deterministic & time sensitive networking and are governed by strict regulations regarding data protection and network integrity, the deployment of a private cellular network will be their first choice."

While large manufacturers like Bosch, Mercedes, or Siemens certainly have the financial resources and the necessary manpower to manage and operate a cellular network on their own, enterprises with annual revenues below US$1 billion do not have the resources nor capabilities to do so. Following a recent ABI Research survey among industrial manufacturers across key markets in Europe, North America, and the Asia-Pacific region, 3 out of 5 manufacturers would prefer their private network to be managed & operated by a third party.

To address this revenue opportunity within mid-tier enterprises, the telco industry needs to develop appealing offerings that take into account the business realities of these enterprises. Since enterprises with revenues of up to US$1 billion face tight budgetary constraints, large upfront investments into network deployment would serve as a true barrier to entry. "To lower this barrier and promote enterprise cellular network deployments, the telco industry needs to bid farewell to CAPEX intensive business models and develop OPEX-based offerings instead. Any such offering should adopt a service-based approach to give enterprise the reassurance of paying only for services they truly need. As a result, the telco industry should be prepared to sacrifice short-term gains for the tremendous opportunity that private cellular in the enterprise verticals domain will unlock in the long-term," Gergs advises.

The need for the telco industry to adapt is underlined by a drastic change in the shape of the competitive landscape that we are witnessing. "The traditional network operators are under attack. On the one hand, we see webscalers like Amazon Webservices (AWS) and Microsoft Azure developing End-to-End solutions for enterprise connectivity. On the other hand, we see more and more specialized network operators like Ambra, Citymesh, and Edzcom, which reserve spectrum assets to provide private cellular for enterprises as a service-based offering. Considering this, network operators need to evolve their business models fast, to protect their slice of the cake from being eaten by anyone else," concludes Gergs.

These findings are from ABI Research's Private Cellular Networks Forecast market data report. This report is part of the company's 5G Markets research service, which includes research, data, and analyst insights. Market Data spreadsheets are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight where opportunities lie.

About ABI Research

ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.

ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。我们帮助客户创造真实的业务成果。

For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info:
Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com

Logo - https://mma.prnewswire.com/media/276887/abi_research_logo.jpg

SOURCE ABI Research

Tuesday, 20 October 2020, 4:00

ESChat Launches Push-to-Talk Solution for Samsung Galaxy XCover Pro

SAN LUIS OBISPO, Calif., Oct. 20, 2020 /PRNewswire/ -- ESChat announced today it has fully integrated its Push-to-Talk (PTT) solution with Samsung Galaxy XCover Pro smartphones. The ESChat integration allows users to take advantage of the XCover Pro's dedicated PTT and Emergency Call buttons while providing secure carrier agnostic and cross carrier Push-to-Talk communications. Earlier this year, the companies completed a contract allowing Samsung to offer ESChat to its customers, including those operating on both carrier and enterprise LTE networks.

On commercial carrier networks, ESChat provides native cross carrier communications that are required for inter-agency and inter-business applications. ESChat is approved for U.S. military operational use by the Defense Information Systems Agency (DISA). ESChat is a FirstNet Certified™ solution, and enhanced by Quality of Service, Priority and Preemption (QPP) available to FirstNet subscribers. ESChat also supports Quality of Service (QoS) and RAN priority enhancements on the Verizon Wireless and AT&T commercial networks. In North America, ESChat is the primary PTT offering by T-Mobile and TELUS.

Enterprise LTE networks are becoming the go-to option for customers in remote locations, particularly in markets such as mining or search and rescue (SAR). Enterprise LTE networks operating in the Citizens Broadband Radio Service (CBRS) frequency band are also gaining traction in more traditional LMR markets such as hospitality, logistics, and utilities. Samsung Enterprise LTE network solutions and the XCover Pro device both support CBRS, and when paired with the integrated ESChat solution, can create a powerful communication platform for business and enterprise professionals.

"ESChat's mission is to provide a transparent and secure communication experience between its broadband PTT users and those operating on traditional LMR radios and dispatch consoles," said Josh Lober, President of ESChat. "The XCover Pro offers our users a first-class platform that is both rugged and refined, with a high definition user experience, and excellent audio fidelity and battery performance."

Galaxy XCover Pro is a rugged smartphone designed and engineered for frontline workers across a variety of industries. It completely re-imagines the enterprise-ready smartphone, with a thin and light form factor that is capable of withstanding extreme environments. Galaxy XCover Pro builds on Samsung Galaxy smartphones' premium legacy features, including an immersive display, long-lasting replaceable battery and protection by the Samsung Knox security platform, while also integrating enterprise innovations such as two programmable buttons, and Push-to-Talk and mPOS readiness.

"At Samsung, we pride ourselves on an open, collaborative approach with our B2B partners, offering innovative technology to help build their solutions," said Taher Behbehani, General Manager and Head of Mobile B2B at Samsung Electronics America. "ESChat has developed a unique and compelling solution, leveraging both the CBRS and Push-to-Talk capabilities of this device."

Availability
For more information on XCover Pro, please visit https://www.samsung.com/us/business/products/mobile/phones/galaxy-xcover-pro/. For more information on ESChat solutions, please visit https://www.eschat.com/

About ESChat:
ESChat (www.eschat.com) is the leading solution for carrier independent Secure Push to Talk (PTT) over LTE communications. ESChat includes AES-256 encrypted PTT voice and multimedia (text and image) messaging. ESChat also provides live and historical (bread crumb) tracking and mapping. Used by all branches of the U.S. Military, as well as federal, state and local public safety agencies, ESChat is able to operate over and across any wireless network, including all commercial carriers, private 3G/4G/5G networks and WiFi. ESChat supports standards-based interoperability with LMR radio networks, including P25 via the native Inter RF Subsystem Interface ("ISSI") protocol and DMR via the native Inter Application Interface Specification ("AIS") protocol. ESChat also supports interoperability via RoIP to all LMR radio networks, regardless of radio technology or operating frequency band.

View original content to download multimedia:http://www.prnewswire.com/news-releases/eschat-launches-push-to-talk-solution-for-samsung-galaxy-xcover-pro-301154357.html

SOURCE ESChat

Tuesday, 20 October 2020, 3:53

The largest solar power plant in Bangladesh connected to the grid with Huawei Smart PV Solution

SHENZHEN, China, Oct. 20, 2020 /PRNewswire/ -- Bangladesh's largest solar power plant in Mymensingh is fully installed with Huawei Smart PV solution, in which it has connected to the national grid since the beginning of October. The 73 MW PV power plant would help meet the government's target of generating 10 percent of the country's total electricity using renewable energy by 2021.

Bruce Li, Director of Asia Pacific Digital Power Business, Huawei said, 'Bangladesh is a new market for us however we have seen great momentum in the past year. We are delighted to have worked with our partners in Bangladesh on this exciting 73 MW project in Mymensingh. We look forward to continuing to bring our latest innovations and green energy to the local market and helping the region to accelerate its energy digitalization and transformation.'

Bangladesh is a typical South Asian country where it enjoys up to 2,500 hours of sunshine per year but with a humid and hot climate. With this in mind, the Mymensingh power plant has chosen Huawei Smart PV string inverters, SUN2000-185KTL with IP66 high-level protection and Anti-PID technologies to safeguard the smooth running of the plant with highest yields possible.

Over the past few years, Bangladesh's renewable energy industry has developed rapidly. The local government has set the target installation capacity of 3168 MW in Vision 2021. With more than 30 years of expertise in digital information technology, Huawei is committed to innovate and enable renewable energy to empower each individual, home, and organization.

About Huawei

Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains – telecom networks, IT, smart devices, and cloud services – we are committed to bringing digital to every person, home and organization for a fully connected, intelligent world.

Huawei's end-to-end portfolio of products, solutions and services are both competitive and secure. Through open collaboration with ecosystem partners, we create lasting value for our customers, working to empower people, enrich home life, and inspire innovation in organizations of all shapes and sizes.

At Huawei, innovation focuses on customer needs. We invest heavily in basic research, concentrating on technological breakthroughs that drive the world forward. We have more than 194,000 employees, and we operate in more than 170 countries and regions. Founded in 1987, Huawei is a private company wholly owned by its employees.

For more information, please visit Huawei online at www.huawei.com.

About Huawei FusionSolar

Huawei offers leading Smart PV solutions harnessing more than 30 years of expertise in digital information technology.

By integrating AI and Cloud, Huawei further incorporates many latest ICT technologies with PV for optimal power generation, thus making the solar power plant to be Highly Efficient, Safe & Reliable with Smart O&M and Grid Supporting capabilities and builds the foundation for solar to become the main energy source.

For solar energy users, Huawei launched advanced solution for C&I and residential customers based on the 'Optimal Electricity Cost and Active Safety' concept. By improving the utilization of solar power, Huawei has helped to power millions of residents and hundreds of industries globally.

Huawei will continue to innovate and enable renewable energy to empower each individual, home, and organization.

For more information, please visit Huawei online at https://solar.huawei.com/ or follow us on:

SOURCE Huawei

Tuesday, 20 October 2020, 3:36

Danke Releases 2020 Report on Chinese Millennial Spending Habits

BEIJING, Oct. 20, 2020 /PRNewswire/ -- Phoenix Tree Holdings Limited ("Danke" or the "Company") (NYSE: DNK), one of the largest co-living platforms in China with the fastest growth, recently released a comprehensive survey on the spending behaviors and attitudes of Chinese millennials. The survey revealed that about 66.5% of Chinese millennials and Gen Z consumers have a balanced approach to budgeting and personal spending.

The survey was conducted on Danke's platform starting at the end of September. The survey aimed to better understand the lifestyle and consumption habits of Danke's main tenant demographic, China's millennials and Gen Z. Over 3,700 responses were collected for the survey.

According to the survey, about 63.2% of respondents mentioned that they have additional income streams besides their full-time salary. Respondents with higher salaries were more likely to report having multiple income streams. While 75% of respondents with monthly incomes of RMB15,000 or higher had multiple income streams, 76.1% of those with incomes under RMB3,000, relied solely on one job.

	Do you have additional income streams besides your full-time job?
Yes	63.2%
No	36.8%

All respondents listed rent as their largest monthly cost. Men reported spending the second-largest portion of their budget on food and beverage consumption, while women tended to spend the second-largest portion on daily necessities.

When asked about their attitudes on spending, 66.5% of respondents stated that they had a balanced approach to budgeting, spending where needed but trying to save money where possible. 22.4% of respondents stated that their budgeting philosophy is saving money above all else. The remaining 11.1% of respondents reported making spending decisions based on their mood and impulses. These responses indicate that most young respondents are rational and discerning consumers.

Respondents with higher incomes tended to make more rational spending choices. Amongst respondents with monthly incomes of RMB15,000 or higher, 78.8% claimed to follow a balanced budgeting approach.

Your approach to spending and consumption	Percentage of respondents
I make spending decisions based on my mood and impulses in the moment	11.1%
I prioritize saving money above all else	22.4%
I have a balanced approach to budgeting, spending money where needed, saving where I can	66.5%

Monthly income (in RMB)	Spending attitude breakdown by monthly income
Monthly income (in RMB)	Make spending decisions based on mood and impulses	Prioritize saving money above all else	Prioritize budgeting, spending where needed
Under 3,000	17.0%	26.1%	56.8%
3,000 to 5,000	16.9%	19.8%	63.3%
5,000 to 8,000	14.4%	18.5%	67.1%
8,000 to 10,000	12.9%	15.2%	71.9%
10,000 to 15,000	13.5%	15.2%	71.3%
Above 15,000	9.6%	11.5%	78.8%

The survey also inquired about spending habits. When asked about the most important factor when considering buying an item, 49.7% of respondents said practicality and function, followed by brand reputation (23.1%), price (16.2%) and packaging design (10.9%)

What is the most important factor when you consider buying an item?	Percentage of respondents
Practicality and function	49.7%
Brand reputation	23.1%
Price	16.2%
Packaging design	10.9%
Others	0.1%

When asked about how they prioritize spending discretionary income, 34.5% of respondents said they prioritize investing in themselves by taking classes on fitness, tea ceremony preparation, flower arranging, and foreign languages. 31.7% said they would use discretionary income to improve their current living conditions, while 27.4% said they would put leftover money into their saving account. This response indicates that the younger generations care about self-improvement and educational experiences.

After subtracting for daily expenses, how do you prioritize spending your discretionary income?	Percentage of respondents
Invest in myself by taking classes to learn new skills	34.5%
Improve my current living conditions	31.7%
Place the money in my saving account	27.4%
I don't have much left after daily expenses	6.5%

"Buy now, pay later" is a common spending trend amongst younger generations in China. With credit cards and online consumer credit services now readily available, consumers can now buy products first and pay for them later. Such services enable consumers to pay in installments if the cost is too high to pay off initially. According to the survey, 91.8% of respondents have used credit cards or online consumer credit services such as Alipay Huabei and JD Baitiao. When asked what products they tended to use these services on, male respondents mentioned daily expenditures, consumer electronics such as mobile phones and laptops, and trendy sneakers. Female respondents tended to spend on daily expenditures, apparel and handbags, and consumer electronics such as mobile phones and laptops.

Have you used credit cards or online consumer credit services such as Alipay Huabei and JD Baitiao?	Percentage of respondents
Always use them	45.5%
Sometimes use them	46.3%
Never use them	8.3%

This survey indicates that millennials in China tend to have different attitudes towards spending than previous generations. They are more willing to spend on improving their day-to-day lives and invest in personal development, indicating healthy and balanced consumption habits. The survey also shows that the younger generations are increasingly taking on part-time work or using consumer credit services to supplement their monthly salary and cash-flow needs. Millennials and Gen Z also prioritize self-improvement and experiences as well as buying goods.

ABOUT DANKE

Danke, one of the largest co-living platforms in China with the fastest growth, is redefining the residential rental market through technology and is dedicated to helping people live better. Empowered by data, technology, and a large-scale apartment network, Danke's vibrant and expanding ecosystem connects and benefits property owners, residents, and third-party service providers, and delivers quality and best-in-class services through an innovative "new rental" business model featuring centralization, standardization, and a seamless online experience. Danke was founded in 2015 and is headquartered in Beijing, China. For more information, please visit ir.danke.com.

CONTACTS
Danke PR
Email: pr@danke.com
Greta Bradford

ICR, Inc.
Email: DankePR@icrinc.com
Phone: +86 178-8882-8731

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SOURCE Phoenix Tree Holdings Limited

Tuesday, 20 October 2020, 3:36

Wood Chipper Machines Market Size Worth $472.0 Million By 2027: Grand View Research, Inc.

SAN FRANCISCO, Oct. 20, 2020 /PRNewswire/ -- The global wood chipper machines market size is expected to reach USD 472.0 million by 2027, expanding at a CAGR of 2.3% from 2020 to 2027, according to a new report by Grand View Research, Inc. Rising use of wood chipping machines for reducing tree trunks and branches into woodchips is likely to drive the demand for wood chipping machines.

Key suggestions from the report:

By product type, the drum wood chipper machines segment is estimated to register a significant growth rate over the forecast period owing to the factors such as superior quality chips, extended wear, and easy maintenance offered by the product
The paper and pulp end-use industry accounted for almost 40.0% share of the overall revenue in 2019 due to rising demand for disc wood chippers that offer uniform-sized wood chips that are used as a raw material in the paper and pulp industry
Europe accounted for 30.7% share of the overall revenue in 2019 on account of augmenting demand for disc and drum chippers used on the ends of wood logs for chipping in the forestry sector
The U.S. dominated the North American market by accounting for 73.2% share of the overall revenue in 2019 owing to the exponential demand for mobile disc wood chippers that are majorly used for producing pulp chips
The market is extremely fragmented due to the presence of a wide array of domestic as well as global manufacturers

Read 100 page research report with ToC on "Wood Chipper Machines Market Size, Share & Trends Analysis Report By Product Type (Drum, Disc), By End-use (Paper & Pulp, Forestry & Biomass, Timber Factories & Sawmills), By Region, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/wood-chipper-machines-market

Increasing demand for woodchips that are used as a biomass solid fuel is likely to propel the demand for various types of chippers, including drum, disc, and screw wood chippers, across the globe. Furthermore, the growing utilization of woodchips as raw material for producing wood pulp is expected to augment the market growth over the forecast period.

Advancement in the global forestry industry is expected to propel the demand for a wide array of wood chippers over the forecast period. The extensive demand for wood chipping machines across multiple industries, including paper and pulp, forestry, and furniture, for chipping wood that is used as a raw material is anticipated to drive the market.

The market growth is expected to bolster in the years to come owing to the extensive usage of the product in removing the unnecessary shrubs and branches that are likely to reluctantly result in the landfill. Additionally, the availability of a wide range of wood chippers in different sizes and designs is making the product suitable for various end-use industries, thereby fueling market growth.

Grand View Research has segmented the global wood chipper machines market on the basis of product type, end-use, and region:

Wood Chipper Machines Product Type Outlook (Revenue, USD Million, 2016 - 2027)

Drum
Disc
Others

Wood Chipper Machines End-use Outlook (Revenue, USD Million, 2016 - 2027)

Forestry & Biomass
Paper & Pulp
Timber Factories & Sawmills
Construction
Others

Wood Chipper Machines Regional Outlook (Revenue, USD Million, 2016 - 2027)

North America

The U.S.
Canada
Mexico

Europe

Germany
France
Italy
The U.K.

Asia Pacific

China
India
Japan
Australia

Central & South America

Brazil
Argentina

Middle East & Africa

Saudi Arabia
South Africa

List of Key Players of Wood Chipper Machines Market

Terex
Morbark
Bandit
Vermeer
MTD Products
Peterson
J.P. Carlton
ECHO Bear Cat
MTD Products
Patriot
Brucks
Zenoah
Weifang Fred Machinery
China Foma (Group)
Rivim

Find more research reports on Advanced Interior Materials Industry, by Grand View Research:

Steel Pipes & Tubes Market– Increasing oil & gas production owing to the demand from the transportation industry is one of the prominent growth drivers for the market. The oil & gas industry is the major consumer segment for steel pipes & tubes.
Aerial Work Platform Market– Increasing government investment in the private sector, growing private investment in the real-estate sector, and rapid infrastructure development in the Asia Pacific region are anticipated to surge market growth over the coming years.
Electric Vehicle Insulation Market– Favorable government initiatives to promote the use of green vehicles is expected to drive market growth over the forecast period.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
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Tuesday, 20 October 2020, 3:35

Plant-based Meat Market Size Worth $13.8 Billion By 2027 | CAGR: 19.4%: Grand View Research, Inc.

SAN FRANCISCO, Oct. 20, 2020 /PRNewswire/ -- The global plant-based meat market size is projected to reach USD 13.8 billion by 2027 expanding at a CAGR of 19.4%, according to a new report by Grand View Research, Inc. Growing adoption of vegan lifestyle and diet among health-conscious consumers, especially in developed economies are expected to drive the market growth over the forecast period. Growing concerns regarding animal welfare and Greenhouse Gas (GHG) emission created by the distinguished practices of the meat industry, together with celebrity endorsements of vegan/vegetarian diets are projected to augment the demand for plant-based meat products. The plant-based meat is predominantly consumed in the Hotel/Restaurant/Café (HORECA) sector.

Key suggestions from the report:

The plant-based meat sausages product segment is projected to register the fastest CAGR of 20.5% over the forecast period
Rising preference for plant-based diets and increased sales of sausages through retail channels are anticipated to spur the segment growth
Soy-based products accounted for the largest market share of more than 48% in 2019 on account of high demand due to their protein-rich contents
The rising popularity of the vegan diet, particularly in European countries, has pushed the demand for plant-based meat products in the region
In June 2020, Starbucks, in collaboration with Impossible Foods Inc., introduced the Impossible Breakfast Sandwich, which is made with plant-based sausage, to its menu in most of its locations in the U.S. It was launched as the Starbucks' sustainability initiatives to meet the rising consumer demand for plant-based meat options

Read 145 page research report with ToC on "Plant-based Meat Market Size, Share & Trends Analysis Report By Source (Soy, Pea), By Product (Burgers, Sausages), By Type (Chicken, Fish), By End-user (Retail, HORECA), By Storage, By Region, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/plant-based-meat-market

Key companies in the industry are collaborating with fast-food joints and restaurant chains to promote the adoption of their products. For instance, fast-food joints, such as Burger King, MacDonald's, and Subway, are launching new vegan meat products to capitalize on the industry dominated by health-conscious customers. Plant-based meat burgers are likely to exhibit steady growth over the coming years on account of rising consumer concerns regarding conventional meat products in the wake of the coronavirus pandemic. These types of burgers have low gluten and fat contents, which make them a highly favored product among health-conscious individuals.

Grand View Research has segmented the global plant-based meat market on the basis of source, product, type, end-user, storage, and region:

Plant-based Meat Source Outlook (Revenue, USD Million, 2016 - 2027)

Soy
Pea
Wheat
Others

Plant-based Meat Product Outlook (Revenue, USD Million, 2016 - 2027)

Burgers
Sausages
Patties
Nuggets, Tenders & Cutlets
Grounds
Others

Plant-based Meat Type Outlook (Revenue, USD Million, 2016 - 2027)

Chicken
Pork
Beef
Fish
Others

Plant-based Meat End-user Outlook (Revenue, USD Million, 2016 - 2027)

Retail
HORECA

Plant-based Meat Storage Outlook (Revenue, USD Million, 2016 - 2027)

Refrigerated
Frozen
Shelf-stable

Plant-based Meat Regional Outlook (Revenue, USD Million, 2016 - 2027)

North America

The U.S.
Canada
Mexico

Europe

Germany
The U.K.
France
The Netherlands
Italy

Asia Pacific

China
Japan
Australia & New Zealand

Central & South America

Brazil
Argentina

Middle East & Africa

UAE

List of Key Players of Plant-based Meat Market

Beyond Meat
Impossible Foods Inc.
Maple Leaf Foods (Field Roast & Maple Leaf)
Vegetarian Butcher
Conagra, Inc. (Gardein Protein International)
Kellogg NA Co. (MorningStar Farms)
Quorn
Amy's Kitchen, Inc.
Tofurky
Gold&Green Foods Ltd.
Sunfed
VBites Foods Limited
S Kraft Foods, Inc.
Lightlife Foods, Inc.
Trader Joe's
Yves Veggie Cuisine (The Hain-Celestial Canada, ULC)
Marlow Foods Ltd. (Cauldron)
Ojah B.V.
Moving Mountains
Eat JUST Inc.
LikeMeat GmbH
Gooddot
OmniFoods
No Evil Foods
Dr. Praeger's sensible foods

Find more research reports on Processed & Frozen Foods Industry, by Grand View Research:

Baking Ingredients Market – Rising demand for more shelf-life products coupled with demand for natural products in the final baked product is expected to fuel the market development.
Cheese Powder Market – Rising disposable income coupled with increasing share of working class professionals will boost the growth of the market over the forecast period.
Liquid Flavor Market – Increasing consumer awareness regarding detrimental effects of synthetic chemicals in artificial food ingredients has also prompted demand for natural and organic liquid Flavor.

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Tuesday, 20 October 2020, 3:30

Yeastar to Host a Virtual Launch Event for Its Upcoming P-Series PBX System

XIAMEN, China and DALLAS, Oct. 20, 2020 /PRNewswire/ -- Yeastar (www.yeastar.com), the world's leading provider of SME PBX system, today announced that it will unveil its new product, P-Series PBX System, during a virtual launch event on Tuesday, October 27 at 5:00 p.m. GMT+8, featuring product walk-arounds and a live Q&A session. Already a major player in the SME communications market globally, Yeastar is now looking to serve SMEs that have higher expectations with its new product.

The live event will be streamed on the following platforms:

Yeastar has released a teaser video of what is yet to come revealing some cool features of P-Series PBX System. As a major step in bolstering Yeastar's portfolio, P-Series PBX System converges voice, mobility, presence, call center, web application, collaboration, and more to perform beyond any average PBX system. The launch event will show small to medium sized businesses how they can rely on Yeastar to elevate business communications with a "PBX-Plus-More" system that offers more functionality, convenience, and possibilities.

"We are very excited about the launch of P-Series PBX System and our first live launch event," said Alan Shen, CEO of Yeastar. "With the trend of digital transformation and the new normal of remote working, SMEs' expectations on their PBX systems are on the rise. What they ask for are not merely telephony functionality, but also user experience, ease of management, business productivity, and customer satisfaction. That's why we are bringing the P-Series to the market, to best cater to the dynamic needs of SMEs."

The P-Series PBX System was launched in beta in September and received well by over 400 enthusiastic and experienced beta customers and it will be generally available after the launch event on October 27.

About Yeastar

Yeastar provides cloud-based and on-premises VoIP PBXs for SMEs and delivers Unified Communications (UC) solutions that connect the workforce and clients more efficiently. Founded in 2006, Yeastar has established itself as a global leader in the industry with a worldwide network of value-added distributors and resellers and over 200,000 customers. Yeastar customers enjoy the easy-to-own and easy-to-manage communications solutions that have been consistently recognized for high performance and innovation. For more information about Yeastar, please visit www.yeastar.com.

Media Contact:

Aviva Li
+86-592-5503301 Ext: 6090
marketing@yeastar.com

View original content to download multimedia:http://www.prnewswire.com/news-releases/yeastar-to-host-a-virtual-launch-event-for-its-upcoming-p-series-pbx-system-301154649.html

SOURCE Yeastar Information Technology Co. Ltd.

Tuesday, 20 October 2020, 3:30

Yeastar to Host a Virtual Launch Event for Its Upcoming P-Series PBX System

XIAMEN, China and DALLAS, Oct. 20, 2020 /PRNewswire/ -- Yeastar (www.yeastar.com), the world's leading provider of SME PBX system, today announced that it will unveil its new product, P-Series PBX System, during a virtual launch event on Tuesday, October 27 at 5:00 p.m. GMT+8, featuring product walk-arounds and a live Q&A session. Already a major player in the SME communications market globally, Yeastar is now looking to serve SMEs that have higher expectations with its new product.

The live event will be streamed on the following platforms:

Yeastar has released a teaser video of what is yet to come revealing some cool features of P-Series PBX System. As a major step in bolstering Yeastar's portfolio, P-Series PBX System converges voice, mobility, presence, call center, web application, collaboration, and more to perform beyond any average PBX system. The launch event will show small to medium sized businesses how they can rely on Yeastar to elevate business communications with a "PBX-Plus-More" system that offers more functionality, convenience, and possibilities.

"We are very excited about the launch of P-Series PBX System and our first live launch event," said Alan Shen, CEO of Yeastar. "With the trend of digital transformation and the new normal of remote working, SMEs' expectations on their PBX systems are on the rise. What they ask for are not merely telephony functionality, but also user experience, ease of management, business productivity, and customer satisfaction. That's why we are bringing the P-Series to the market, to best cater to the dynamic needs of SMEs."

The P-Series PBX System was launched in beta in September and received well by over 400 enthusiastic and experienced beta customers and it will be generally available after the launch event on October 27.

About Yeastar

Yeastar provides cloud-based and on-premises VoIP PBXs for SMEs and delivers Unified Communications (UC) solutions that connect the workforce and clients more efficiently. Founded in 2006, Yeastar has established itself as a global leader in the industry with a worldwide network of value-added distributors and resellers and over 200,000 customers. Yeastar customers enjoy the easy-to-own and easy-to-manage communications solutions that have been consistently recognized for high performance and innovation. For more information about Yeastar, please visit www.yeastar.com.

Media Contact:

Aviva Li
+86-592-5503301 Ext: 6090
marketing@yeastar.com

SOURCE Yeastar Information Technology Co. Ltd.

Tuesday, 20 October 2020, 3:19

New Look, New Flavors: Goose Island Officially Unveils Brand New Visual Identity and Variety Pack

SHANGHAI, Oct. 20, 2020 /PRNewswire/ -- Award-winning and leading IPA craft beer brand, Goose Island, has unveiled a brand new visual identity for three classic beers – Goose IPA, Duck Duck Goose, and Goose 312 – kicking off the launch with the release of a new craft beer variety pack. The release of this special variety pack is made even more special by the inclusion of three new beers exclusive to the Chinese market: "Love Spell", "Thirsty Goose", and "Goose Porter". With these unique new visual and flavorful offerings, Goose Island continues to elevate Chinese consumers' craft beer experience.

Classic Brand Elevates Presence with New Image

Goose Island began its legendary journey in Chicago in 1988, driven by founder John Hall's aim of making the best craft beer in America. Carrying that ambition through to today, Goose Island continues to creatively explore the technical possibilities of brewing, resulting in many sought-after craft beers. Over the years, Goose Island has made great contributions to the development of the modern craft beer industry by leading craft beer education and building a culture around the pursuit of exquisite beer. Since entering into the Chinese market in 2016, Goose Island has firmly established itself as the leading IPA brand in the country with its 6-time award-winning IPA and compelling brand experience.

Goose Island's adherence to craft culture lies not just in state-of-the-art craftsmanship or its distinctive brand identity, but in its constant drive towards innovation. Bearing this core principle in mind, Goose Island began upgrading its visual identity. With a modern and premium brand image, Goose Island highlights the quality craftsmanship of its beer, and is looking forward to creating a deeper brand connection with consumers.

With a minimalist design, Goose Island aims to intuitively highlight the key attributes of each beer and the brand, while the revamped packaging creates an increasingly modern image and brings a new life to Goose Island. The iconic black and white goose motif jumps forward from the vibrant background, with a bright and mature texture. Inspired by the flag of the city of Chicago, the bottle features three vertical stripes and four stars as a nod to the urban roots of Goose Island in Chicago. Meanwhile, the illustrations emphasizing "hops" and "wheat" highlight the most important ingredients, while still appealing to craft sensibilities.

Goose IPA

The bold IPA logo stands out against a background of hops that underscore the most important ingredient in this 6-time award-winning beverage.

Duck Duck Goose

As a more sessionable version of classic IPAs, the contrasting colors of light blue and bright orange in the background highlight the pleasantly refreshing qualities of this beer. The continued use of the hops illustration also reminds consumers that despite its lighter body, this beer still contains bright hop aromas and flavors.

Goose 312

With the bold black number "312" against a vibrant yellow background of wheat, Goose Island highlights Chicago's area code to reinforce its urban roots and the key ingredient in this beer.

Innovative Craft Beer Brand Creates New Offerings

With the official launch of the new visual identity, Goose Island has also released their Craft Starter Pack with six beers representative of six different styles, designed to take local consumers on an amazing craft beer journey. The Craft Starter Pack includes "Goose IPA", "Duck Duck Goose", "Goose 312", "Love Spell", "Thirsty Goose", and "Goose Porter". Whether visiting relatives or meeting with friends, the Goose Island Craft Starter Pack can easily satisfy the imaginations of all beer drinkers, and enables everyone to enjoy beer together - anytime and anywhere.

For many years, Goose Island has maintained the philosophy that "we don't need to be the only beer you drink, we just want to be the best beer you drink." With this in mind, the brand has continuously created unique craft beers for Chinese consumers. In this release, Goose Island has unveiled three innovative beers that continue to capture the hearts of local consumers with rich and unique palates. "Love Spell" is made from fresh dragon fruit, creating a vibrant magenta-hued fruity beer. "Thirsty Goose" is a hoppy lager that retains the easy drinking nature of a classic lager, while still featuring bright tropical fruit flavors and aromas from the extra addition of hops. "Goose Porter" is a classic porter offering rich notes of coffee and dark chocolate from its use of roasted malts.

The Craft Starter Pack is now available on the Goose Island Tmall flagship store, JD and Hema – check it out now to enjoy the extraordinary experience of Goose Island!

About Goose Island

Founded in Chicago in 1988, Goose Island has become an internationally recognized award-winning craft brewery and global leader in the IPA category. Goose Island beers have won a variety of awards at acclaimed beer events including the World Beer Championships, World Beer Cup, World Expo of Beer and the Great American Beer Festival (GABF). Most notably, Goose Island Brewery was instrumental in helping kick off the craft beer movement, which has become a worldwide phenomenon.

View original content to download multimedia:http://www.prnewswire.com/news-releases/new-look-new-flavors-goose-island-officially-unveils-brand-new-visual-identity-and-variety-pack-301155527.html

SOURCE Goose Island

Tuesday, 20 October 2020, 3:11

Samvardhana Motherson Automotive Systems Group B.V. Announces the Commencement of the Tender Offer for its 4.875% Senior Secured Notes due 2021

AMSTERDAM, Oct. 20, 2020 /PRNewswire/ -- Samvardhana Motherson Automotive Systems Group B.V. (the "Company") hereby announces that it has commenced a cash tender offer (the "Tender Offer") for any and all of its outstanding 4.875% Senior Secured Notes due 2021 (the "Notes").

The Tender Offer is being made pursuant to a tender offer memorandum dated October 20, 2020 (the "Tender Offer Memorandum") and the related notice of guaranteed delivery (the "Notice of Guaranteed Delivery"), which set forth the terms of the Tender Offer.

The total consideration for each U.S.$1,000 principal amount of Notes purchased pursuant to the Tender Offer will be U.S.$1,012.1875 per U.S.$1,000 principal amount of Notes (the "Tender Offer Consideration") payable only in respect of Notes validly tendered and not validly withdrawn at or prior to 4:00 P.M., London time, on October 28, 2020 (the "Expiration Time") that the Company accepts for purchase. Only Notes validly tendered and not validly withdrawn at or before the Expiration Time will be eligible to receive the Tender Offer Consideration. In addition, the Company will pay accrued and unpaid interest in respect of any Notes purchased in the Tender Offer from, and including, the immediately preceding interest payment date for the Notes to, but not including, the Settlement Date (as defined below).

The following table sets forth certain terms of the Tender Offer:

Title of Security

ISIN / Common Code Nos.

Outstanding Principal
Amount of Notes

Tender Offer
Consideration⁽¹⁾

4.875% Senior
Secured Notes due
2021

ISIN: XS1428468885

Common Code: 142846888

US$25,000,000

US$1,012.1875


(1)	Per U.S.$1,000 principal amount of Notes that are validly tendered at or prior to the Expiration Time and that are accepted for purchase.

The principal purpose of the Tender Offer is to offer a choice of early liquidity to Holders of Notes by providing them with an option for early redemption at their choice via this Tender Offer at the Settlement Date or, otherwise, repayment on the scheduled maturity date for the Notes. All Notes purchased by the Company in the Tender Offer will be held as treasury notes in accordance with the terms of the indenture governing the Notes.

Holders will be permitted to withdraw tendered Notes at any time on, or prior to, the Expiration Time (the "Withdrawal Deadline"), but not thereafter. Holders who validly tender their Notes pursuant to the guaranteed delivery procedures described in the Notice of Guaranteed Delivery must deliver their Notes no later than 10:00 P.M., London time, on the second business day following the Expiration Time.

Subject to the terms and conditions of the Tender Offer being satisfied or waived, and to the Company's right to extend, amend, terminate or withdraw the Tender Offer, the Company will, after the Expiration Time, accept for purchase all Notes validly tendered at or before the Expiration Time and not validly withdrawn at or before the Withdrawal Deadline. The Company will pay the Tender Offer Consideration for Notes accepted for purchase promptly following the Expiration Time, which is expected to be on the third business day following the Expiration Time (the "Settlement Date"). Also, on the Settlement Date, the Company will pay accrued and unpaid interest in respect of any Notes purchased in the Tender Offer from, and including, the immediately preceding interest payment date for the Notes to, but not including, the Settlement Date.

The Company's obligation to accept for purchase, and to pay for, Notes validly tendered and not validly withdrawn pursuant to the Tender Offer, is subject to the satisfaction or waiver of a number of conditions described in the Tender Offer Memorandum. The Company reserves the right, subject to applicable law, in its sole discretion, to waive any of the conditions of the Tender Offer, in whole or in part, at any time and from time to time.

The Company reserves the right, subject to applicable law, in its sole discretion, to (1) extend, terminate or withdraw the Tender Offer at any time or (2) otherwise amend the Tender Offer in any respect. The foregoing rights are in addition to the right to delay acceptance for purchase of Notes tendered pursuant to the Tender Offer or the payment of Notes accepted for purchase pursuant to the Tender Offer in order to comply with any applicable law, subject to Rule 14e-1(c) under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"), which requires that the Company pay the consideration offered or return the deposited Notes promptly after the termination or withdrawal of the Tender Offer.

D.F. King Ltd. is acting as the tender and information agent ("Information and Tender Agent") for the Tender Offer. Any questions regarding procedures for tendering Notes or requests for additional copies of this Tender Offer Memorandum and the Notice of Guaranteed Delivery should be directed to the Information and Tender Agent. Copies of this Tender Offer Memorandum and the Notice of Guaranteed Delivery are also available at the following web address: https://sites.dfkingltd.com/motherson.

DISCLAIMER:

This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any securities. The Tender Offer is being made only pursuant to the Tender Offer Memorandum and related Notice of Guaranteed Delivery, copies of which will be delivered to Holders of Notes.

THE TENDER OFFER MEMORANDUM AND THE RELATED NOTICE OF GUARANTEED DELIVERY SHOULD BE READ CAREFULLY BEFORE A DECISION IS MADE WITH RESPECT TO THE TENDER OFFER. NONE OF THE COMPANY, THE INFORMATION AND TENDER AGENT OR THE TRUSTEE MAKES ANY RECOMMENDATION AS TO WHETHER OR NOT HOLDERS OF NOTES SHOULD TENDER THEIR NOTES.

The Tender Offer does not constitute, and may not be used in connection with, an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not permitted by law or in which the person making such offer or solicitation is not qualified to do so or to any person to whom it is unlawful to make such offer or solicitation.

The Tender Offer is not being made in any Member State of the European Economic Area, other than to persons who are "qualified investors" as defined in the Regulation (EU) No 2017/1129 (as amended, the "Prospectus Regulation"), or in other circumstances falling within Article 1(4) of the Prospectus Regulation.

The Tender Offer is not being made, and has not been approved, by an authorized person for the purposes of section 21 of the Financial Services and Markets Act 2000 (the "FSMA"). Accordingly, the Tender Offer is not being made to the general public in the United Kingdom. This communication is exempt from the restriction on financial promotions under section 21 of the FSMA on the basis that it is only directed at and may be communicated to (1) those persons who are existing members or creditors of the Company or other persons within Article 43 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, and (2) to any other persons to whom these documents and/or materials may lawfully be communicated.


*The Information and Tender Agent for the Tender Offer is:*

D.F. King Ltd.

In Hong Kong:	In London:

Suite 1601, 16/F Central Tower 28 Queen's Road Central Central, Hong Kong Telephone: +852 3953 7231	65 Gresham Street London EC2V 7NQ United Kingdom Telephone: +44 20 7920 9700

Email: motherson@dfkingltd.com Tender Offer Website: https://sites.dfkingltd.com/motherson

Should you have any questions, please contact the Information and Tender Agent at the contact details above. The Tender Offer shall be available online at the Tender Offer Website until the consummation or termination of the Tender Offer

View original content:http://www.prnewswire.com/news-releases/samvardhana-motherson-automotive-systems-group-bv-announces-the-commencement-of-the-tender-offer-for-its-4-875-senior-secured-notes-due-2021--301155519.html

SOURCE Samvardhana Motherson Automotive Systems Group B.V

Tuesday, 20 October 2020, 3:00

One broken bone leads to another, warns IOF on World Osteoporosis Day

NYON, Switzerland, Oct. 20, 2020 /PRNewswire/ -- Today, the International Osteoporosis Foundation (IOF) calls for all adults to be alert to their risk factors for osteoporosis, a disease which can lead to a dangerous, life-threatening spiral of broken bones.

A broken bone (known as a fracture) which occurs following a minor fall in adults aged over 50 years is usually a signal of underlying osteoporosis. After such a fracture - often at the wrist, spine or hip - the risk of having more fractures is very high within the next two years.

Osteoporosis causes bones to become weak and fragile, leaving people at risk of painful and debilitating fractures which too often result in long-term disability and loss of independence. An osteoporosis-related fracture can occur after a minor fall from standing height, or simply from bending to lift a grocery bag. Worldwide, up to one in two women and one in five men aged fifty years or over will be affected by osteoporosis-related fractures in their remaining lifetimes.

Other important risk factors for osteoporosis-related fractures include height loss of more than 4 cm (ca 1.5 inches); long-term use of glucocorticoids ('steroids' to treat inflammation); parental history of hip fracture, being underweight; smoking; excessive alcohol intake; and early menopause, among other factors.

IOF urges adults aged over 50 to take the IOF Osteoporosis-Risk-Check (in 36 languages) at https://riskcheck.osteoporosis.foundation/. If risk factors are identified, it is important to ask for a bone health assessment which may include a Fracture Risk Assessment (FRAX) to estimate 10-year risk of a future fracture.

IOF President Professor Cyrus Cooper stated:

"Given the serious, life-changing impact of fractures, particularly at the hip and spine, it is essential that all adults above 50 years of age be alert to their potential risk factors for osteoporosis. Timely testing and treatment are crucial as effective treatments are able to reduce the risk of fractures by 30 to 70%."

Early management of osteoporosis can prevent much needless suffering and loss of independence. After a hip fracture approximately 40% of patients are unable to walk independently, some 60% require assistance and 33% may be dependent or in a nursing home in the year following the fracture.

Dependence places a heavy burden on both patients and family caregivers, with the burden falling disproportionately on women. A Spanish study of informal caregivers for hip fracture patients found that 77% were women, of which 55% were the patients' daughters.

Professor Cooper added:

"As a disease osteoporosis suffers from dangerous neglect. Despite its enormous burden to patients and their families, approximately 80% of even the most high risk patients who have already fractured are not receiving treatment. Through its Capture the Fracture® initiative, IOF champions the implementation of Post-Fracture Care Coordination Programmes in hospitals worldwide. Such services ensure that patients with fractures are correctly assessed and treated to minimise the risk of experiencing a further fracture, aspects of care that should be requested by anyone who suffers a fracture in older age. We urge health authorities to prioritise bone health and ensure effective post fracture care for all older adults who have sustained fractures. This is the key to reducing the burden of osteoporosis-related fractures on patients, their families and societies around the world."

- Picture is available at AP Images (http://www.apimages.com) -

World Osteoporosis Day (WOD) held annually on October 20 calls for global action to fight osteoporosis and related fractures. www.worldosteoporosisday.org

WOD Partners: Sunsweet, Sandoz, Amgen, UCB, GSK, Kyowa-Kirin

The International Osteoporosis Foundation is the world's largest non-governmental organization dedicated to osteoporosis and fracture prevention. www.osteoporosis.foundation
www.capturethefracture.org

Media Contact:

Laura Misteli
info@iofbonehealth.org
Tel: +41-78-857-1777

Tuesday, 20 October 2020, 3:00

Retail Tech Startup Tiliter Raises $7.5M for Cashierless AI Shopping Technology

Tiliter to increase global footprint as Investec invests through its IEC Australia Fund I

SYDNEY, Oct. 20, 2020 /PRNewswire/ -- Investor demand for innovative emerging companies remains strong with Australian AI tech startup Tiliter completing a $7.5 million capital raise, led by Investec Emerging Companies (IEC).

Eleanor Venture, a tech investment syndicate for angel investors, and New York's Cornell University also participated in the funding round.

Tiliter is a leading artificial intelligence (AI) provider whose technology uses computer vision to recognise products without barcodes.

Its technology automatically identifies items, such as fresh produce, without the need for barcodes, packaging, and price stickers, making it easier for shoppers to manage during self-checkout.

Tiliter is currently focused on the Supermarket vertical and its camera and software system uses AI to pre-select items and remove the need for manual entry, with over 99% accuracy and in under one second.

Karen Chan, Head of Investec's Emerging Companies division, said Tiliter aligned with the Fund's philosophy of investing in companies with high growth potential backed by strong founders.

"We are excited to be working with the Tiliter team and believe this technology solves a very real need for both consumers and retailers in the Australian market and abroad," Chan said.

With retailers increasingly moving towards self-checkout and mobile-checkout options, Tiliter's technology makes it easier and faster for customers to complete their transactions, reduces fraud, costs, and waste for businesses, and addresses the need for contactless purchases in a COVID-19 world. This can all be done with limited integration and no changes to the retailer's IT infrastructure.

Tiliter was founded in 2017 by Marcel Herz, Martin Karafilis, and Chris Sampson. Commenting on the Tiliter team, Chan said, "The Tiliter co-founders are a visionary team, leveraging technology to solve the problems of the future.

"At IEC, we believe in acting as a true partner to our investee companies to provide advice, capital, and connectivity. We look forward to supporting the Tiliter team to reach their global growth aspirations."

Tiliter's early adopters include Woolworths in Australia with over 20 live stores, Countdown in New Zealand, and several retail chains in the U.S., such as New York City's Westside Market.

The company will use the latest funding to accelerate its expansion across Europe and the U.S., with many supermarkets to unveil Tiliter's product recognition technology over the coming months.

CEO and co-founder of Tiliter Marcel Herz welcomed the funding from Investec and noted there had been a 300% increase in scan-and-go adoption in the U.S. over the past year due to COVID, and this growth is expected to rise globally.

"As an industry, we're just at the beginning of how AI combined with computer vision will shape the future for brick-and-mortar and online shopping. It was important that we partner with investors that understand the new dynamics in retail innovation and the massive opportunity arising from this change," says Herz.

One factor many retail technology companies face is the cost and operational overhead to install and maintain their solutions.

"There has been an increased focus for Tiliter to create a plug-and-play solution for retailers and remove the operational friction of adopting cashier-less technology, particularly during the COVID pandemic," says Martin Karafilis, COO and co-founder of Tiliter.

"The end-to-end capability of Tiliter's dedicated hardware and software is an example of how Tiliter's recognition technology can be easily installed and used anywhere in the world at a lower cost than currently offered autonomous store solutions."

About Tiliter:

Tiliter makes software and hardware that uses computer vision to recognise products without barcodes. Tiliter is using machine learning and data analytic algorithms to disrupt industry practices and create the future now. For more information or to schedule a demo, visit www.tiliter.com or contact sales@tiliter.com.

Media Contact: felicity.mullens@tiliter.com

About Investec Emerging Companies:

Investec Emerging Companies (IEC) is a division of Investec Australia. IEC partners with emerging companies to provide them with an integrated capital and advisory offering. The team partners with companies led by strong founders, with high growth potential and a demonstrated track record.

Media Contact: guy@honner.com.au

Related Images

tiliters-co-founders.jpg
Tiliter's Co-Founders
Chris Sampson, Martin Karafilis and Marcel Herz (left to right)

Related Links

Tiliter

View original content to download multimedia:http://www.prnewswire.com/news-releases/retail-tech-startup-tiliter-raises-7-5m-for-cashierless-ai-shopping-technology-301155399.html

SOURCE Tiliter

Tuesday, 20 October 2020, 3:00

Retail Tech Startup Tiliter Raises $7.5M for Cashierless AI Shopping Technology

Tiliter to increase global footprint as Investec invests through its IEC Australia Fund I

SYDNEY, Oct. 20, 2020 /CNW/ -- Investor demand for innovative emerging companies remains strong with Australian AI tech startup Tiliter completing a $7.5 million capital raise, led by Investec Emerging Companies (IEC).