NEW YORK, Sept. 25, 2024 /PRNewswire/ — Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud developer platform service provider, will present its latest AI-driven products and solutions at GITEX GLOBAL 2024 in Dubai, United Arab Emirates, from October 14th to 18th.

As the economic epicenter and a beacon of technological innovation in the Middle East, Dubai has made significant strides in fostering AI adoption in recent years through the implementation of incentivizing policies. The city strives to transform into a “future city,” with AI at its core, and a smart city as its blueprint. Aligning with this vision, GITEX GLOBAL 2024 has embraced the theme “AI Everything,” uniting technology innovators, AI developers, data scientists, government leaders, and industry experts from diverse sectors to harness the potential of AI and propel the region’s industrial progress.

Embracing this ethos, Tuya has selected “AI in All Sustainable Spaces” as its exhibition theme. By leveraging its groundbreaking technological prowess in AI and related domains, Tuya aims to collaborate with global developers to enhance spatial intelligence in Middle Eastern cities, notably Dubai, thereby accelerating the development of sustainable smart cities.

Revolutionary AI-driven, Diverse, and Innovative Products and Solutions

The Middle East has embarked on a journey of economic diversification and smart transformation, with AI serving as a key technology that provides critical support and acceleration.

For instance, Saudi Arabia’s “Vision 2030” strategy has catalyzed significant investments into intricate smart city initiatives. A PwC report forecasts that by 2030, AI will contribute nearly 14% to the UAE’s GDP and 12.4% to Saudi Arabia’s, underscoring the immense market potential in the region.

Capitalizing on these vast prospects, Tuya aims to further propel the AI transformation in the Middle East by introducing an array of AI-driven products and solutions spanning smart commercial, smart travel, and smart community applications. These include intelligent parking lot lighting solutions featuring AI-enabled seamless debugging and low-carbon sports initiatives powered by AI, among others. These groundbreaking solutions not only enhance the intelligence of urban spaces but also significantly enrich people’s daily lives, while inspiring creative ideas among global developers.

Multiple Energy-saving Solutions to Create Smart and Sustainable Spaces

Amidst the relentless urbanization in the Middle East, the region’s burgeoning population underscores the urgency to mitigate emissions. In light of mounting environmental challenges, Middle Eastern nations like Saudi Arabia and the United Arab Emirates have embarked on a mission to redefine their energy development goals, striving to expedite the transformation of their energy landscape.

In line with this transformative trend, Tuya remains at the forefront of AI innovation, poised to introduce a comprehensive suite of AI-driven energy solutions. These encompass Tuya’s solar storage energy management systems, building energy management systems, and campus energy solutions, among others. By harnessing intelligent, efficient, and eco-friendly technologies, Tuya aims to propel various urban spaces towards a low-carbon, sustainable future, fostering a greener, more resilient environment for all.

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TUYA Global Developer Summit in the Middle East Region

In addition to showcasing innovative solutions and products, Tuya will also hold the 2024 TUYA Global Developer Summit (Dubai) during GITEX GLOBAL 2024. Jointly orchestrated by Tuya and Alibaba Cloud, this event serves as a key platform for global developers to delve into and share the latest advancements in AI technology applications.

Tuya has the distinct honor of inviting industry leaders from Alibaba Cloud, Dubai Electricity and Water Authority, McKinsey, and MLG to shed light on the latest AI industry trends, enabling developers to capitalize on the global AI market. With the guidance of these prominent figures, numerous business collaboration opportunities will arise, giving a new boost to the smart industry’s continuous development.

GITEX GLOBAL 2024 undoubtedly brings unprecedented development opportunities for Tuya, global developers, and major manufacturers. Through in-depth exchanges on the application of AI technology, participants will be inspired with infinite creative sparks, gradually promoting the deep integration and collaborative development of the global technology ecosystem, and jointly achieving the rapid construction and development of global smart cities.

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Tokens will be exclusively allocated by selected Launchpool projects, and generated for Binance Launchpool users to hold and trade in the pre-market on the Binance platform. All Binance users can engage with pre-market trading before spot listing.

DUBAI, UAE, Sept. 25, 2024 /PRNewswire/ — Binance, the leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume, today introduced Binance Pre-Market. Selected Binance Launchpool token subscriptions will be made available for pre-market trading on Binance Pre-Market, giving Launchpool participants greater utility, and expanding trading opportunities on Binance for all users.

Pre-market trading lets users take an early position before a token’s spot market listing, allowing the community to express their market sentiment of a particular token project. Each pre-market trading period will target to end at least four hours before spot trading starts and Binance will issue a separate announcement about the official spot listing.

Binance is the only crypto exchange to offer pre-market spot trading whereby tokens will be exclusively allocated and generated for users to hold and trade in the pre-market on the Binance platform.

Binance will announce when a Launchpool project is selected for pre-market trading and the respective pre-market start date. Users continue to subscribe to Launchpool as normal and receive their allocated tokens. Once the pre-market period starts, all Binance users can trade the Pre-Market tokens, which will have a “Pre-Market” tag for easy identification.

Through Pre-Market trading, Binance is also providing opportunities for selected projects to engage users earlier in their lifecycle.

Benefits of Binance Pre-Market include:

• Early market entry: Users can buy or sell their tokens ahead of the spot market listing.
• Stringent token vetting: All tokens undergo the same stringent vetting process on Binance.
• Most liquid exchange: Binance is the largest and most liquid digital asset exchange, offering greater demand for users’ trading positions.
• No additional fees: Users pay only the standard Binance spot trading fees, which are already highly-competitive in the market.
• More utility for Binance Launchpool users: Launchpool subscribers can take advantage of early market movements to trade their allocated tokens within the Pre-Market on the Binance platform.

Vishal Sacheendran, Binance Head of Regional Markets, commented, “We built Binance Pre-Market to meet user demand for pre-market spot trading, and enhance the Binance ecosystem so users can enjoy greater utility and token projects can extend their lifecycle on our platform. Binance has always been focused on delivering for our users and we continue to invest in features to give our users the best experience we can.“

The launch of Binance Pre-Market follows other recent product releases that continue to enhance the user journey on the Binance platform. Binance announced Binance SOL Staking and Super Earn this quarter, and introduced Megadrop and HODLer Airdrop earlier this year.

For more information about Binance Pre-Market, please refer to the FAQ here.

Disclaimer: Digital asset prices may be subject to significant price volatility. The value of your investment may go down or up, and you may lose the entire amount invested. You are solely responsible for your investment decisions and Binance is not liable in any way for any losses that you may incur. Past performance is not a reliable indicator of future performance and Binance does not in any way provide any assurance or make any representation as to future performance. You should only invest in products you are familiar with and where you understand and fully accept the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. The trading price of a digital asset during the Pre-Market trading period and after the Pre-Market trading period is ultimately dependent on a number of factors, including market sentiment and there may not be a direct correlation between the two. This material should not be construed as financial advice. Binance does not in any way guarantee or provide any assurance or representation that you will receive any specific reward, or any return over time. In the event that a Launchpool offer fails, for any reason whatsoever, the associated Pre-Market token listing will be canceled and all Pre-Market Tradable Assets will be delisted in accordance with Binance’s Pre-Market delisting process, details of which are available here. This feature may not be available in certain countries and to certain users. This content is not intended for users/countries to which prohibitions/restrictions apply. For more information, see our Terms of Use and Risk Warning.  In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.

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About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 200 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com

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LONDON, Sept. 25, 2024 /PRNewswire/ — Fospha, a measurement and attribution company, has revealed that brands are significantly underinvested in Paid Social channels. On average, eCommerce companies spend just 27.5% of Paid Social’s profitable maximum, leaving substantial headroom to scale profitably. The numbers are striking, and symptomatic of widespread reliance on Last Click attribution, which overvalues demand capture channels, and undervalues demand generation.  

Fospha released this data in their latest State of eCommerce report for H2 2024. The report takes a deep dive into the latest industry data to reveal where brands are missing out on millions of dollars in ad revenue and which channels have the most headroom for growth going into peak period.

The report stands out as a strategic asset for digital marketers, eCommerce leaders, and marketing strategists looking to optimize advertising spend and implement data-driven growth strategies.

Why the State of eCommerce Report H2 2024 is a Must-Read Resource

Fospha works with 150+ leading ecommerce brands globally with over $1 billion in ad spend under management, granting them unparalleled access to the latest data on how brands are advertising.

This report unveils how major platforms’ KPIs are trending in 2024 and what this means for brands heading into peak period.

Key highlights of the report include:

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• Profitable Headroom: The degree of headroom left to scale Paid Social and Google channels.
• Efficient Acquisition: The #1 channel for efficient new customer acquisition.
• Peak Period Strategy: The growth channel you need to be leveraging during peak.
• Full-Funnel Strategy: For platforms like Meta, TikTok and Snapchat.

“This is our most comprehensive cross-channel analysis yet. This report is packed full of every insight you’ll need ahead of peak—including how, where, when, and why to scale up every channel in your arsenal,” says Jamie Bolton, VP of Growth at Fospha.

About Fospha

Fospha is pioneering a new approach to cross-channel digital marketing measurement. With no-code implementation, clients are live in 2 to 3 weeks with a year of full funnel performance modelled, ensuring complete privacy safety.

Read the report here: https://www.fospha.com/soe-h2-2024.

For more information, visit www.fospha.com and follow us on LinkedIn and Twitter for the latest updates.

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Media contact: 
Snezhina Kashukeeva
[email protected]

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