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Fuji Xerox presents Innovation Re:Mix Forum – Future x Smart to re-imagine the future of work

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Fuji Xerox Singapore, a leading provider in document and communications solutions, today held its second Innovation Re:Mix Forum Future x Smart 2019, at the Marina Bay Sands Expo and Convention Centre. The event brought together industry leaders and senior executives to share research insights and enterprise implementation best practices in enabling a future ‘smarter’ workplace.

The full-day conference was opened by Ms. Sara Cheng, Chief Executive Officer, Fuji Xerox Singapore which was followed by a fireside chat with Dr. Lynn Wilcox, Chief Technical Officer, Fuji Xerox Palo Alto Laboratory (FXPAL). Together, they brought to life the laboratory’s revolutionary technologies on IoT (Internet of Things), IoH (Internet of Humans), Human-Sensing and AI (Artificial Intelligence) and how they shape future workplace collaborations.

“Fuji Xerox is committed to empowering our customers’ digital journey through the integration of Machine, Human and Digital Intelligences which is reinforced in the Innovation Re:Mix’s Forum. This is a fantastic platform for out-of-the-box thinking and thought-provoking conversation to uncover a smart, competitive edge in a digital economy,” said Ms Sara Cheng.

The Future x Smart edition featured an exciting line-up of business and thought leaders participating in keynote presentations, panel discussions, and interactive workshops categorised into three themes:

1. Making the shift to the next-generation enterprise

On creating a ‘smarter’ workplace, Dr Lynn Wilcox and Ms Sara Cheng kicked off the enterprise segment with insights on how enterprises can leverage on ambient computing, and enterprise AI to drive productivity, and improve collaboration and communications in an increasingly mobile workforce. She also introduced FXPAL’s human-sensing technology. With the ability to track stress, productivity, and pain levels, the technology could power employee-retention programs in Human Resource, and potentially revolutionise how medical diagnoses are conducted in Healthcare.

Mr. Chooake Wongwattanasilpa, Managing Director and Head of User Experience & Design at DBS, underscored the importance of design thinking in pursuing innovative solutions as he shared how DBS applied structured thought frameworks for problem-solving.

Panel discussions led by business leaders further armed participants with case studies and insights on how enterprises can better redesign their digital journeys for a ‘smarter workplace’ that maximises business productivity and cost-efficiency.

A hands-on application session at an Experiential Workshop, hosted by experts from Fuji Xerox Digital Platform Solutions, allowed participants to envision a re-invented workplace by using the ‘smart work innovation’ concept to uncover inefficiencies in business workflows.

Other noteworthy speakers and panelists at the enterprise track included:

  • Dr Lily Kong, President, Lee Kong Chian Chair Professor of Social Sciences, Singapore Management University
  • Mr. Angus Luk, Chief Information Officer, South APAC at L’Oreal
  • Dr Cyrille Schwob, Asia-Pacific Head of Technology, Airbus
  • Mr. Patrick Kok, Managing Director, Group Operations Great Eastern Life
  • Mr. Simon Partridge, Head of Insurance Industry, Fuji Xerox Asia Pacific
  • Mr. Ho Swee Huat, Regional Principal, Digital Platforms, Smart Work Innovation, Fuji Xerox Asia Pacific
  • Mr. Daniel Ling, Head of Design Thinking, NTUC Income

2. Revitalising business strategies

The SMB (Small and Medium Business) track offered an exclusive peek at critical factors required to build digital-ready SMBs, along with key highlights on how businesses can edge up in competitiveness in an increasingly connected environment.

Mr. Matthew Teo, Executive Manager, Open Innovation Platform, Infocomm Media Development Authority elaborated on how SMBs can tap on available government programmes and grants to help accelerate their digital journeys. During interactive panel sessions, business leaders offered their first-hand experiences in revitalising businesses with digital solutions, embracing new technologies and enriching the workplace.

Other key speakers and panelists were:

  • Mr. Ryan Chioh, Managing Director, FarEastFlora.com
  • Ms. Supriya Singh, Venture Capitalist, Jafco Asia
  • Mr. Frank Phuan, Chief Executive Officer, Executive Director of Sunseap
  • Mr. K Lingam, Head, Services Offering Development, Fuji Xerox Asia Pacific
  • Mr. Abdul Malik, General Manager and Head of Business Development, Oon & Bazul
  • Mr. Alex Chua, Chief Executive Officer, Goldbell Financial Services
  • Mr. Eugene Yeo, Chief Operating Officer, MyRepublic
  • Mr. Ong Wei Ping, Director, Channel Sales and Alliances, Fuji Xerox Singapore

3. Powering omni-channel marketing strategies

Approaching marketing through multiple platforms is increasingly emphasised against the backdrop of a diverse and fragmented media landscape. With the sheer volume of content transmitted through ever-broadening distribution channels, marketers face the challenge of standing out amid digital clutter.

Ms Susie Wong, Chief Digital & Marketing Officer, Fuji Xerox Singapore, opened the segment with her perspective on tackling the issues of digital fatigue and how brands can leverage on print in omni-channel marketing strategies and trends to differentiate themselves from the next run-off-the-mill digital campaign.

Through a series of workshops and discussions, marketing experts presented solutions for delivering impactful customer experiences, as well as prudently capitalising on print and digital solutions as complements of each other. Creating effective marketing campaigns, tapping on new analytics tools, and learning from successful marketing campaigns were just a few of the topics covered in this conference track.

This conference track featured discussions and workshops led by:

  • Mr. Geoff Tan Managing Director, Market Development, SPH Magazines
  • Mr. Tim Webb, Managing Director, Sequebb
  • Mr. Ben Goodman, Managing Director & Head of DX APAC, Adobe
  • Mr. Tim Howard, Associate Director, Graphic Communications Services Marketing, Fuji Xerox Singapore
  • Ms. Rezwana Manhur, Regional Editor of Singapore and Southeast Asia, Marketing Interactive
  • Mr. Enda Kavanagh, Business Development Manager, XMPie
  • Ms. Ayelet Melamed, Head of Marketing, XMPie

Beyond discussions on new trends and opportunities, and exchanges of innovative ideas, delegates were also taken through Fuji Xerox’s augmented-reality paper trail. Set to redefine traditional processes, the experiential showcase delved into the mechanics of workflow automation and how the technology can be seamlessly applied to any function of a business, offering delegates a first look into redesigning workflows.

The conference concluded on a luxurious note at the “Digital Solutions Meet Gem Wonderland”. Themed “A Cut Above The Rest”, the immersive and creative exhibit featured a radical holographic backdrop and 3-D paper gemstone jewellery specially printed with Fuji Xerox’s Iridesse™ Production Press, PrimeLink™ and B9 Series. Delegates navigated through the endless combinations of paper spectacularly reborn in many unique forms and took away their very own customized tea blend, packaged in a brilliantly cut diamond, exclusively printed by the Iridesse™.

“Digital Solutions Meet Gem Wonderland” demonstrated how print can be reimagined in striking, new ways while it underscored the integration of Machine, Digital and Human intelligence, encapsulating Fuji Xerox’s core value propositions in digital transformation as well. With the multi-faceted capabilities offered by today’s print technology, made possible by cutting-edge research and facilitated by accurate, high-powered digital processing, this exhibit was a study in pushing the boundaries of print in order to offer irreplaceable, infinite value in a digital world.

 

SOURCE Fuji Xerox Singapore

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Roborock Reports 2023 Full Year Financial Results

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Achieving Record-breaking Financial Success and Reaching Historic High in Total Assets

HONG KONG, March 28, 2024 /PRNewswire/ — Roborock, a global leader in ultra-intelligent home robotics engineered to simplify daily life, today announced its financial results for the full year ending December 31, 2023.

Roborock achieved remarkable financial success during the reporting period, posting revenue of 8.65 billion Yuan (US$1.22 billion), representing a significant 30.55% Year-On-Year increase. The company recorded a net profit of 2.05 billion Yuan (US$288 million), achieving an annual growth rate of 73.32%.

Roborock’s total assets reached an all-time high of 14.38 billion Yuan (US$2.02 billion), reflecting Year-On-Year growth of 32.71%. These achievements solidify Roborock’s position as one of the leading players in the smart vacuum industry. The company also recorded impressive overseas revenue, growing at a rate of 21.42%, while total robot vacuums shipments surpassed 2 million units.

“Ever since we founded Roborock back in 2014, our long-term mindset and unwavering commitment to focusing on delivering true value to our customers is what has gotten us to where we are today. It’s been an amazing journey, and we are truly proud to emerge as a global leader in smart vacuums.” said Richard Chang, Founder & CEO of Roborock.

“As we approach our 10-year anniversary, we are excited to introduce more of our cutting-edge vacuums, including the S8 MaxV Ultra which we unveiled at CES 2024. This flagship innovation represents our most technologically advanced one-stop cleaning solution to date, underlining our focus on enriching future lifestyles within the smart home ecosystem to enhance the quality of life for our customers worldwide.

Financial Performance Highlights

Sales and Net Profit

  • Total revenue recorded was 8.65 billion Yuan (US$1.22 billion)
  • Of this, 4.23 billion Yuan (US$595 million) is attributed to Roborock’s overseas operations, accounting for 49% of total revenue
  • Roborock’s overseas operation recorded a revenue growth of 21.42% compared to the previous year
  • The company achieved a net profit of 2.05 billion Yuan (US$288 million), with an annual growth rate of 73.32%
  • Roborock’s total assets reached a historic high of 14.38 billion Yuan (US$2.02 billion), reflecting a remarkable 32.71% Year-On-Year growth

Growth across Product Categories

  • Roborock’s total robot vacuums shipments surpassed 2 million units, generating an income of 8.09 billion Yuan income (US$1.14 million) and achieving a Year-On-Year growth of 27.14%
  • Roborock experienced rapid growth across new product categories (product portfolios except robot vacuums), with an income of 554 million Yuan (US$78 million) income and a Year-On-Year growth of 109.4%

Research & Development

  • R&D expenditure amounted to 619 million Yuan (US$87 million), accounting for 7.15% of total revenue. This represents a year-on-year growth of 26.69%
  • During the reporting period, 522 new domestic and overseas patents were filed

Major accounting data and financial indicators in the past 3 years

(Unit: Yuan; Currency: RMB)

2023

2022

Year-On-Year
Growth (%)

Total Assets

14,376,641,614

10,833,053,890

32.71

Net assets
attributable to
shareholders of
listed companies

11,380,526,122

9,556,378,416

19.09

Revenue

8,653,783,788

6,628,716,402

30.55

Net profit
attributable to
shareholders of
listed companies

2,051,217,414

1,183,476,942

73.32

Net profit
attributable to
shareholders of
listed companies
after deducting
non-recurring
gains and losses

1,826,089,668

1,197,719,439

52.46

Net cash flow
from
operating activities

2,185,931,368

1,120,467,567

95.09

About Roborock

Roborock is committed to innovation in researching, developing, and producing home cleaning devices, particularly robotic, cordless, and wet/ dry vacuum cleaners. Every Roborock product has been designed with an eye on solving genuine problems, so Roborock customers can live better lives. Currently, Roborock is available in more than 40 countries, including the U.S., Germany, France, and Spain. The company operates out of four locations, with offices in Beijing, Shanghai, Shenzhen, and Hong Kong. For more information visit https://us.roborock.com/.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of 7.1132 Yuan to US$1.00, the spot exchange rate at the annual reporting date of December 31, 2023. The company makes no representation that the RMB or U.S. dollars amounts referred could be converted into U.S. dollars or RMB, as the case may be at any particular rate or at all.

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Real Estate Investment Trust Market to Reach $4,228.72 Billion, Globally, by 2032 at 5.1% CAGR: Allied Market Research

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PORTLAND, Ore., March 28, 2024 /PRNewswire/ — Allied Market Research published a report, titled, Real Estate Investment Trust Market by Type (Equity REITs, Mortgage REITs, and Hybrid REITs), and Application (Industrial, Commercial, and Residential): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the real estate investment trust market was valued at $2,604.70 billion in 2022, and is estimated to reach $4,228.72 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.

Request Research Report Sample & TOC: https://www.alliedmarketresearch.com/request-sample/A241394

(We are providing report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and COVID-19 Impact Analysis)

124 – Tables 
47 – Charts 
300 – Pages

Prime determinants of growth

The real estate investment trust market is driven by the integration of advanced technologies such as data analytics and proptech solutions. These innovations enhance operational efficiency, streamline decision-making processes, and provide valuable insights into market trends for REITs. On the contrary, AI has the potential to improve operational efficiency across various real estate sectors such as healthcare and hotels, leading to increased demand for data centers and towers that will provide lucrative growth opportunities to the real estate investment trust (REIT) market in the upcoming years.

Report coverage & details:

Report Coverage

Details

Forecast Period

2022–2032

Base Year

2022

Market Size in 2022

$2,604.70 billion

Market Size in 2032

$4,228.72 billion

CAGR

5.1 %

Segments Covered

Type, Application, and Region.

Drivers

AI integration in real estate

Data analytics for capital allocation

Competitive advantage through proptech

Opportunities

Enhanced operational efficiency

Restraints

High initial costs in implementing AI and proptech solutions in real estate

 

Buy This Report (267 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/4apX3B3

The equity REITs segment to maintain its leadership status throughout the forecast period

By type, the equity REITs segment held the highest market share in 2022, accounting for more than two-thirds of the global real estate investment trust market revenue and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the fact that these REITs generate a steady income stream for investors through rents and leases, offering a reliable source of dividend income and long-term capital appreciation. However, the mortgage REITs segment is projected to manifest the highest CAGR of 8.5% from 2023 to 2032. This is attributed to the fact that these REITs provide investors with exposure to the real estate market without the responsibility of owning or managing properties directly. Mortgage REITs typically focus on generating income through interest payments on mortgages, which can be attractive to investors seeking stable returns and passive income.

The industrial segment to maintain its leadership status throughout the forecast period

By application, the industrial segment held the highest market share in 2022, accounting for more than two-thirds of the global real estate investment trust market revenue. This is attributed to the manufacturing and logistics companies that are increasingly realizing that they do not need to own their real estate, creating an opportunity for industrial REITs to acquire more properties crucial to the industrial sector, such as distribution centers. The rise in online sales has led to an increased demand for warehouse space, while supply chain challenges have prompted industrial companies to lease more space for inventory storage. However, the residential segment is projected to manifest the highest CAGR of 7.7% from 2023 to 2032. This is attributed to the increasing demand for REITs, which offer a diversified portfolio of real estate assets and provide consistent income and capital appreciation to investors. Furthermore, the REIT market has been expanding its product offerings to cater to specific sectors within the real estate industry, such as residential properties. This trend aligns with the growing preference for REITs as a means to invest in real estate without the responsibility of managing or owning the properties directly.

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North America to maintain its dominance by 2032

By region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the real estate investment trust market revenue and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the fact that the market’s composition has changed significantly since the Great Financial Crisis, with alternative property types such as data centers, cold storage facilities, cell towers, and healthcare properties comprising 64% of the U.S. REIT market by the end of 2022, according to Bloomberg. Furthermore, REITs have demonstrated robust operational performance and are well-equipped to navigate economic uncertainties, including recessions. However, Asia-Pacific is expected to witness the fastest CAGR of 7.9% from 2023 to 2032. This is attributed to the increasing market capitalization of REITs in the Asia-Pacific region, coupled with the expansion of the REIT universe and the emergence of new markets embracing REIT concepts, which indicates a positive trajectory for the growth of the sector. As more Asian countries plan to introduce their versions of REITs, global investors will have increased opportunities for investment in the region, further fueling the growth of the Asia-Pacific REIT market.

Leading Market Players: –

  • Prologis, Inc.
  • American Tower Corporation
  • Crown Castle
  • Realty Income Corporation
  • VICI Properties
  • Digital Realty Trust
  • Alexandria Real Estate Equities, Inc.
  • Link Real Estate Investment Trust
  • Essex Property Trust
  • SEGRO

The report provides a detailed analysis of these key players in the global real estate investment trust (REIT) market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Inquiry before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A241394

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the real estate investment trust market analysis from 2022 to 2032 to identify the prevailing market opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • The Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network on the real estate investment trust market outlook.
  • In-depth analysis of the real estate investment trust market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as real estate investment trust market trends, key players, market segments, application areas, and market growth strategies.

Real Estate Investment Trust Market Segments:

By Type

  • Equity REITs
  • Mortgage REITs
  • Hybrid REITs

By Application

  • Industrial
  • Commercial
  • Residential

By Region

  • North America (U.S., Canada)
  • Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • Latin America (Brazil, Argentina, Rest of Latin America)
  • Middle East and Africa (Gcc Countries, South Africa, Rest of Middle East And Africa)

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
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DoH Collaborates with Eli Lilly and World Obesity Federation on Obesity Prevention and Management

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In reflection of its commitment to enhance the health of community members,

ABU DHABI, UAE, March 28, 2024 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, signed a Memorandum of Understanding (MoU) with Eli Lilly Suisse SA, a global pharmaceutical company, and the World Obesity Federation (WOF), a global non-profit organisation. The collaboration aims to address priority global healthcare challenges and drive innovative solutions on obesity prevention and management, that will resonate in the Emirate and beyond.  

The MoU was signed by H.E. Dr. Noura Al Ghaithi, Undersecretary of the DOH, Johanna Ralston, Chief Executive Officer at WOF and Irina Zaporozhets, President and General Manager, Middle East and Türkiye (META) Hub at Eli Lilly Suisse SA. Leveraging the parties’ diverse expertise, Abu Dhabi will spearhead a multisectoral initiative to bridge the gaps that have hindered efforts to reduce obesity for many years. This collaboration will focus on empowering healthcare professionals with the skills to effectively manage obesity, generate evidence on economic burden of obesity, drive innovation in prevention and treatment solutions, and raise public awareness about managing obesity.

H.E. Dr. Noura Al Ghaithi, Undersecretary of the Department of Health – Abu Dhabi (DoH) stated: “At the Department of Health – Abu Dhabi (DoH) we are spearheading a new era of proactive health by tackling obesity at its root. The population’s health and longevity remain at the forefront of our priorities, and through our strategic collaboration with Eli Lilly Suisse S.A and the World Obesity Federation (WOF), we aim to empower healthcare professionals, drive innovation in prevention strategies, and foster a culture of health awareness in line with the UAE national strategies. Together, we will build and secure a healthier and vibrant future for generations to come, thus reinforcing Abu Dhabi’s position as a leading destination for healthcare.”

Irina Zaporozhets, President and General Manager, Middle East and Türkiye (META) Hub at Eli Lilly Suisse SA said: “Tackling serious diseases such as obesity demands coordinated action. Collaboration of this nature is critical to delivering better healthcare outcomes for people living with obesity today, and prevention for future generations. We are proud to be signing this agreement, the first of its kind in the UAE and an important step in driving change to advance obesity care.”

Johanna Ralston, CEO, World Obesity Federation said: “The World Obesity Federation welcomes the leadership of the Department of Health – Abu Dhabi in addressing obesity, and our collaboration is aimed at fostering more effective ways of working together across sectors. The complexity of obesity, and the high rates over the world, call for new ways of working together. We believe Abu Dhabi is uniquely positioned to demonstrate success through collaboration and bold leadership.”

The collaboration reflects the parties’ commitment to improving the community’s health and wellbeing, by leveraging their diverse experiences to address the challenges associated with obesity. This is an important step towards developing innovative and effective strategies to combat obesity in the Emirate.

About Department of Health – Abu Dhabi (DoH):

The DoH is the regulatory body of the Healthcare Sector at the Emirate of Abu Dhabi and ensures excellence in healthcare for the community by monitoring the health status of the population. DoH defines the strategy for the health system, monitors and analyses the health status of the population and performance of the system. In addition, DoH shapes the regulatory framework for the health system, inspects against regulations, enforces standards, and encourages adoption of world-class best practices and performance targets by all healthcare service providers in the Emirate. DoH also drives programmes to increase awareness and adoption of healthy living standards among the residents of the Emirate of Abu Dhabi in addition to regulating scope of services, premiums and reimbursement rates of the health system.

For further information on DOH, visit https://www.doh.gov.ae/ and follow on Twitter, Instagram, Facebook, LinkedIn and YouTube.

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DoH MoU with Eli Lilly and WOF

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