Fintech PR
Alibaba.com Reveals Growing Global Demand for Smart Fitness and Sustainable Sport Products
B2B buyers purchase new, innovative products items ahead of anticipated January demand for fitness products
LONDON, Dec. 18, 2023 /PRNewswire/ — Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce, has revealed its top B2B buyer sports trends, following a successful exhibition at ISPO, the leading trade fair for the sports industry.
Last month, Alibaba.com attended ISPO in Munich and showcased key features from its platform, including livestream and virtual reality showrooms; spotlighted quality suppliers, and highlighted sector trends to buyers at the trade show.
Alibaba.com found that total number of orders of smart fitness products increased by 51% on a year-on-year* basis. The most popular items in the category include all-in-one exercise machines and multifunctional abdominal wheels, as well as products leveraging cutting-edge technology such as a smart skipping rope equipped with APP intelligent connectivity. These products reflect growing consumer demand for multi-purpose, space-saving and efficient devices.
Alibaba.com data also highlighted a heightened focus on sustainability amongst B2B buyers, with significant growth in the sustainable sport category. Items that featured sustainable materials – such as a 100% biodegradable bio-based material yoga mat – were in high demand as buyers align with evolving consumer preferences ahead of the busy January fitness period.
This has also been matched by growing demand for outdoor fitness. Year-on-year,* Alibaba.com has recorded a 29% increase in online trading gross merchandise value (GMV) for bicycles, as well as a 19% rise in cumulative online GMV for scooters. Growth in these categories has been driven by folding and cargo bikes, as well as folding electric scooters.
Roland Palmer, General Manager of UK, Benelux and Nordics, Alibaba Group, said: “Around the globe, consumers are increasingly demanding products that align with their evolving lifestyles, and this is no clearer than in the sports category. Over the last month, we’ve seen demand for smart and sustainable sports products amongst B2B buyers significantly increase as brands stock up on relevant products ahead of the January fitness boom.”
Christoph Rapp, Head of ISPO Digitize at ISPO said: “We’re pleased to work with Alibaba.com. As a leading platform for global business-to-business commerce, it plays an important role in connecting buyers and sellers from across Europe. Its valuable insights into the sports category will enable more buyers to get ahead and unlock growth in 2024.”
Notes to editors
* Mid-October – Mid-November 2023 compared with the same period in 2022
About Alibaba.com
Launched in 1999, Alibaba.com is a leading platform for global business-to-business (B2B) e-commerce that serves buyers and suppliers from over 200 countries and regions around the world. It is engaged in services covering various aspects of commerce, including providing businesses with tools that help them reach a global audience for their products and helping buyers discover products, find suppliers and place orders online fast and efficiently. Alibaba.com is part of Alibaba International Digital Commerce Group.
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Fintech PR
Vantage Markets Wins “Best Multi-Asset Trading Platform” Award at Forex Expo Dubai
PORT VILA, Vanuatu, Nov. 11, 2024 /PRNewswire/ — Multi-asset broker, Vantage Markets (or “Vantage”) is proud to announce its recent accolade as the “Best Multi-Asset Trading Platform” at Forex Expo Dubai 2024. This esteemed recognition highlights Vantage’s ongoing commitment to delivering a comprehensive and seamless trading experience across a range of asset classes, empowering traders around the globe.
Vantage Markets has been unwavering in its pursuit of trading excellence, continuously enhancing its platform to provide access to forex, indices, commodities, and CFDs, ensuring that traders are equipped with advanced tools and insights for navigating the financial markets. This award underscores the company’s dedication to building a versatile and reliable trading environment for its global user base.
“Over the last 15 years, we have focused on developing a platform that truly meets the demands of today’s traders,” said Marc Despallieres, spokesperson for Vantage Markets. “To be recognised as the ‘Best Multi-Asset Trading Platform’ at such a respected event as Forex Expo Dubai is a proud moment for our team. It reflects our commitment to continuous innovation and our mission to provide a platform that traders can trust and rely on.”
The Forex Expo Dubai is one of the region’s premier events, bringing together brokers, tech leaders, and traders to explore industry advancements and celebrate excellence. Vantage’s recognition at this event reaffirms its role as a leader in multi-asset trading, underscoring its reputation as a trusted choice for traders seeking performance and security.
This award marks another milestone in Vantage Markets’ journey, solidifying its position as a multi-asset broker dedicated to redefining industry standards and delivering a trading environment built for success.
About Vantage
Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.
With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.
trade smarter @vantage
RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.
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Fintech PR
COP28 President calls on Parties to drive and deliver the UAE Consensus
BAKU, Azerbaijan, Nov. 11, 2024 /PRNewswire/ — Dr. Sultan Al Jaber today delivered his handover address as COP28 President on the first day of COP29 in Azerbaijan, concluding a landmark term defined by breakthrough progress across the climate agenda. During the speech he called on all Parties to “prove once again that we can unite, act and deliver” over the next two weeks in Baku.
“By delivering the historic UAE Consensus, we accomplished what many thought was impossible,” Dr. Al Jaber said at a ceremony marking the official transfer of the Presidency to H.E. Mukhtar Babayev.
Negotiators at COP28 had “proved that multilateralism can move the dial and make a difference,” he told delegates. “In the end, determination conquered doubt and your hard work paid off with first after first for climate progress.”
Dr. Al Jaber said that despite COP29 being held at a time of complexity and conflict, “the United Arab Emirates will always choose partnerships over polarization, dialogue over division and peace over provocation.”
In his speech, the outgoing President said he had been “humbled by the experience” and thanked the many people who helped deliver the “historic, comprehensive and groundbreaking UAE Consensus,” including His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, and the entire UAE leadership.
Since its inception at COP28 last year, the UAE Consensus has emerged as the defining point of reference for global climate ambition and sustainable development. It contains a series of firsts across the climate agenda, including agreement on a just, orderly and equitable energy transition, and goals for tripling renewable energy capacity, doubling energy efficiency and ending deforestation by the end of the decade.
“Progress did not end when the gavel came down on the UAE Consensus,” Dr. Al Jaber said. “In the months since the end of COP28, the initiatives we launched have gathered pace.” To date, 55 companies have joined the Oil & Gas Decarbonization Charter (OGDC), covering 44 percent of global oil production. The OGDC is “the most comprehensive private sector partnership on decarbonization to date,” he said.
Highlighting the importance of collaboration, Dr. Al Jaber referenced a summit held earlier this month in Abu Dhabi that brought together leaders in climate, energy, artificial intelligence and in an integrated effort to drive low-carbon growth.
“When sectors work together, we can lift economies and lower emissions. We can make climate and socio-economic progress, and we can turn declarations on paper into decisive action on the ground,” he said.
Progress has also been made in finance, with the Philippines being appointed as the host country for the Board of the Fund for Responding to Loss and Damage. The COP28 President called on Parties to contribute to the fund, which was operationalized and capitalized at COP28 last year. To date, more than $850 million has been pledged to the fund and funding arrangements ALTÉRRA, the world’s largest climate-focused investment fund also launched at COP28, has placed $6.5 billion with impact investors – “a model that must be built on,” Dr. Al Jaber said.
At COP29, Parties must deliver a New Collective Quantified Goal on climate finance that is “robust and capable of fully implementing the UAE Consensus,” Dr. Al Jaber said.
“At COP28, we broke new ground and set many precedents,” he told delegates. One of the most important is the COP Presidencies Troika – a new “mechanism for momentum” uniting the Presidencies of COP28, COP29 and COP30.
The Troika will continue to mobilize multilateral platforms, from the UN to the G20, to “solidify the legacy of the UAE Consensus,” Dr. Al Jaber said, urging all Parties to follow the roadmap it set for keeping 1.5°C within reach.
Dr. Al Jaber closed out his speech with a call to action and some words of advice for the incoming COP29 President H.E. Babayev. He said: “The consensus we achieved in Dubai was historic. Yet history will judge us by our actions, not our words…. Let positivity prevail and let it power the process. Let actions speak louder than words. Let results outlast the rhetoric and remember, we are what we do, not what we say.”
View original content:https://www.prnewswire.co.uk/news-releases/cop28-president-calls-on-parties-to-drive-and-deliver-the-uae-consensus-302301030.html
Fintech PR
SANY Empowers Intelligent Port Construction to Achieve Major Breakthrough
Port of Tianjin tire crane automation transformation project: digital and intelligent solutions to save energy, reduce carbon
SHANGHAI, Nov. 11, 2024 /PRNewswire/ — Sany Marine Heavy Industry Co., Ltd. (“SANY Marine”), the port machinery subsidiary of SANY Group (“SANY”), has achieved a significant breakthrough with its H-Move2.0 intelligent system in the tire crane automation project at the Port of Tianjin. The system has improved the operational efficiency of tire cranes to 20 moves per hour, setting a new standard in the development of green, digital, and intelligent ports. With the upcoming COP29 and the manufacturing industries calling for net-zero development, SANY is firmly taking the path of industrial transformation with concrete actions to reach the carbon goals.
SANY Marine is committed to becoming the technology leader of logistics equipment, providing electric, intelligent, unmanned and integrated solutions for intelligent ports and supporting the green transformation of the global port machinery industry.
Faced with challenges such as energy saving carbon reduction, and intelligent development, the need for anti-shaking and anti-twisting capabilities, and labor shortages, SANY Marine’s intelligent port solutions have provided significant advancements. These include real-time anti-shaking and anti-twisting technologies to ensure automated and safe operations, pushing operational efficiency beyond traditional manual methods.
Leveraging digital twin technologies, the team can predict and simulate the trajectory and position of the containers and adding the spreader lowering action to essential technical functions to achieve exceptional results. The automation efficiency of a traditional tire crane is about 15 to 16 cycles per hour, while the new version integrating GPS, AI visualization, and 3D scanning imaging technologies can significantly improve the signal’s reliability. After four months of test trials, the No.45 machine has improved the automated working efficiency to 20 cycles per hour, surpassing manual labor for the first time in the industry.
By predicting and simulating the trajectory and position of the landing box, the action of lowering the spreader is added to the technical essentials of manual work, and the results are remarkable. The automation efficiency of a traditional tire crane is about 15 to 16 cycles per hour. The newly upgraded system has an abnormal intervention rate of only 2.78 percent and operation ratio reaching 1:6, which means one person can manage up to six RTGs at the same time.
“There is still potential for upgrading our carrier tools and related equipment, through which we can better utilize our resources and elevate the low-carbon and green development,” said Cheng Shidong, director of Urban Transportation Center, Institute of Comprehensive Transportation with the National Development and Reform Commission.
Transitioning to a net-zero future is one of the biggest challenges today, and SANY is taking the economic and industrial opportunities brought by the low-carbon transformation to actively promote the green and low-carbon transition of the traditional construction machinery industry. With New Quality Product Forces as the driving force, SANY will accelerate low-carbon strategy and achieve the green development goals.
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View original content:https://www.prnewswire.co.uk/news-releases/sany-empowers-intelligent-port-construction-to-achieve-major-breakthrough-302301024.html
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