Fintech PR

AliExpress Marks Choice Anniversary with Deals and New Ambassadors

Published

9 months ago

February 29, 2024

SINGAPORE, Feb. 29, 2024 /PRNewswire/ — AliExpress, an international online retail marketplace under Alibaba International Digital Commerce Group, is celebrating the first anniversary of its Choice initiative and the related Choice Day sale with an unprecedented five-day promotional event—the longest of its kind in the platform’s history. Offering discounts of up to 60% on a select range of items, the event is crafted to deliver a shopping experience that honors the diversity of its customer base.

The sale is set to begin precisely at midnight on March 1, aligning with the local time zones of AliExpress’ key markets including Brazil, France, Mexico, the Middle Eastern region, Poland, South Korea, Spain, the UK and the US. Customers within these regions will have the opportunity to enjoy a highly anticipated and personalized shopping celebration, with tailored offerings rolled out as the sale goes live in each locale.

Unveiling GCC Brand Ambassadors

In an exciting development, AliExpress proudly introduces athletes Salem Al-Dawsari and Firas Al-Buraikan as its new brand ambassadors representing the Gulf Cooperation Council (GCC) region. The appointment highlights AliExpress’ focus on connecting with its diverse customer base in strategic markets.

To mark this significant announcement, AliExpress will extend an exclusive offer to its users ordering from Saudi Arabia during the Choice Day sale. Shoppers who make purchases of over US$200 on the event page in a single day stand a chance to secure a jersey with a digital signature from one of the brand ambassadors. Limited to only 30 jerseys each day, these exclusive editions are offered on a first-come, first-served basis. This distinct promotion exemplifies AliExpress’ commitment to offering its customers unique and exciting experiences.

Enticing Offers Across the Globe

As the promotion unfolds, customers from various regions will enjoy a host of benefits. Tiered discount codes will allow savings of up to US$50, and free shipping will be available in over 50 markets for orders meeting minimum spend requirements. Shoppers in areas such as Japan, Mexico, the UAE and the US will benefit from free shipping on orders over US$10, while consumers in France, Germany and Spain, among other European markets, will enjoy similar perks with a €10 threshold. In South Korea, free shipping kicks in at ₩5000, and in Brazil, at R$60.

Supporting free returns in 15 markets such as Australia and Poland, AliExpress endeavors to provide a worry-free shopping experience and reinforce the customer’s right with a straightforward return process. Additionally, in select regions such as Belgium, the Netherlands, Spain and the UK, the Choice service provides delivery within as little as five days, catering to consumers’ need for speed and reliability.

Surging Popularity and Order Growth

Introduced in March 2023, the Choice service has been pivotal to AliExpress’ rapid growth, reinventing the cross-border shopping experience with free shipping, free returns and swift-delivery commitments. The appeal of Choice has significantly bolstered AliExpress’ popularity among global consumers.

In Spain, for example, AliExpress captured the position of the second most-visited e-commerce site in December 2023, according to statistics from Club Ecommerce and EGI Group. AliExpress’ monthly active user base in South Korea soared to 7 million in November 2023, almost doubling on a year-over-year basis, as reported by mobile analytics firm WiseApp.

On the corporate front, Alibaba Group Holding Limited’s financial results for the quarter ending December 31, 2023 disclosed a remarkable 60% surge in AliExpress’ order volume. This boost has contributed to a 44% year-over-year increase in revenue for Alibaba International Digital Commerce Group, consistently exceeding market forecasts for six straight quarters.

As it commemorates the Choice service’s first anniversary, AliExpress extends an invitation to consumers worldwide to revel in a celebration of discounts and exclusive promotions, all crafted to deliver an unparalleled shopping experience.

About AliExpress

Launched in 2010, AliExpress is a business-to-consumer (B2C) e-commerce platform enabling global consumers to buy directly from manufacturers and distributors in China and around the world. In addition to the global English-language version, the AliExpress platform is also available in 17 other languages. AliExpress is part of Alibaba International Digital Commerce Group.

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View original content:https://www.prnewswire.co.uk/news-releases/aliexpress-marks-choice-anniversary-with-deals-and-new-ambassadors-302075428.html

Fintech PR

Fintica AI and Legend Arb of Hong Kong Announce Strategic Investment and Partnership

Published

5 minutes ago

November 28, 2024

CISION (PR Newswire)

HONG KONG, Nov. 27, 2024 /PRNewswire/ — Fintica AI Ltd, a leading innovator in next-generation AI solutions for capital markets, and Legend Arb Trading Limited, a Hong Kong-based proprietary trading firm with a global footprint across major financial hubs such as Shanghai, Taiwan, and Singapore, have announced a strategic investment and partnership.

Through this collaboration, Legend Arb has made a strategic investment in Fintica AI, strengthening the partnership between the two companies. This alliance will empower Legend Arb to advance its quantitative trading capabilities by harnessing Fintica AI’s unique unsupervised artificial intelligence technology. The partnership also aims to launch innovative new products and solutions. Simultaneously, Fintica AI will expand its business development efforts and market presence in Hong Kong and the Greater China region.

Kace Lam, Chief Executive Officer of Legend Arb, stated:
“Legend Arb is excited to collaborate with Fintica AI and its world-class AI technology team, known for pioneering advancements in quantitative modeling for financial markets. By combining Fintica AI’s deep academic and R&D expertise with our robust trading experience, we are poised to unlock significant value and drive innovation in quantitative trading strategies.”

Philippe Metoudi, Chief Executive Officer of Fintica AI, remarked:
“This partnership with Legend Arb represents a significant step forward in our mission to revolutionize the financial markets with advanced AI solutions. By joining forces, we can harness our respective strengths, explore the untapped potential of Hong Kong and Greater China’s financial sector, and deliver transformative innovations that shape the future of quantitative investment.”

About Fintica AI Ltd:
Fintica AI is a leading fintech company specializing in advanced AI solutions for capital markets. Its flagship platform, Spectrum MRI, delivers state-of-the-art tools for identifying market regimes across asset classes, including equities, fixed income, and commodities. By offering predictive analytics and robust risk-management capabilities, Fintica AI empowers investment managers, quantitative analysts, and strategic allocation teams with cutting-edge decision support tools. Headquartered in Tel Aviv, the company maintains a strong presence in major global financial hubs, driving innovation and excellence in the financial industry.

About Legend Arb Trading Limited:
Legend Arb is a Hong Kong-based proprietary trading company with a global presence in major financial centers like Shanghai, Taiwan, and Singapore. Specialized in pricing of Chinese-related products, equity index futures, and commodities futures, Legend Arb acts as a committed market maker to provide liquidity for HKEX and SGX.

For further information:
Visit www.fintica-ai.com
email [email protected].

View original content:https://www.prnewswire.co.uk/news-releases/fintica-ai-and-legend-arb-of-hong-kong-announce-strategic-investment-and-partnership-302317533.html

Fintech PR

24 Exchange Receives SEC Approval of its New National Securities Exchange, “24X National Exchange”

Published

3 hours ago

November 27, 2024

CISION (PR Newswire)

24X National Exchange Plans to be the First Exchange to Offer U.S. Equities Trading 23 Hours-Per-Day on Weekdays

STAMFORD, Conn., Nov. 27, 2024 /PRNewswire/ — 24 Exchange announced today that it has received approval from the U.S. Securities and Exchange Commission to operate 24X National Exchange as the first national securities exchange in the U.S. that allows trading of U.S. securities 23 hours each workday. The extended hour trading is subject to Equity Data Plans making changes that would facilitate overnight trading hours and 24X National Exchange making an additional rule filing with the SEC confirming the changes and the Exchange’s ability to comply with the Securities Exchange Act.

24X National Exchange will be subject to the SEC’s ongoing regulatory oversight and full range of investor protections. The new Exchange will enable retail and institutional customers anywhere in the world to trade in U.S. equities via broker-dealers who are approved members of 24X National Exchange.

24X National Exchange will be launched in two stages. A first stage will open in the second half of 2025, with the Exchange operating from 4:00AM ET to 7:00PM ET on weekdays. The second stage, which will launch once the conditions noted above are met, will offer trading in U.S. equities from 8:00PM ET on Sunday through 7:00PM ET on Friday. A one-hour operational pause will occur during each trading day to accommodate routine software upgrades and functionality testing.

24 Exchange CEO and Founder Dmitri Galinov said: “The SEC’s approval of our new exchange is a thrilling development that the 24X Team has been working toward for many years. Traders are most at-risk when the market is closed in their geographic location. 24X National Exchange will seek to alleviate this problem by facilitating around-the-clock U.S. equities trading for broker-dealers and their institutional and retail customers.”

As the first national securities exchange approved by the SEC to operate 23 hours each weekday, subject to the conditions noted above, 24X National Exchange will initially focus on capturing the expanding demand in the APAC region for overnight liquidity in U.S. equities.

The 24X National Exchange will run on a proven, state-of-the-art technology platform provided by MEMX Technologies. The new Exchange’s executive team will place a high priority on enhancing client experience through continuous technology innovations and improvements.

“With this historic SEC approval in place, we will build and operate a customer-driven Exchange that can rapidly align with market demands and adapt quickly to client feedback,” Galinov added. “We look forward to bringing a superior trading experience to global customers. 24X National Exchange will deliver the cost efficiency, speed, resilience, and adaptability that the company’s financial institutional customers have long come to expect.”

24X National Exchange will close on U.S. market holidays, similar to the schedules maintained by the NYSE and Nasdaq.

24 Exchange through 24X Bermuda Limited, an affiliate of 24X National Exchange, will continue to offer FX NDFs, Swaps and Spot trading to institutional clients. Since its launch in 2019, 24 Exchange’s multi-asset offering through a single trading interface has enabled clients to access increased liquidity at lower cost.

About 24 Exchange

24 Exchange allows market participants to seamlessly exchange their exposures at the lowest possible cost. 24 Exchange’s mission is to enable members to initiate the most cost-effective trades across a growing range of asset classes, 24 hours a day. 24 Exchange lowers the cost of exchanging assets in the global markets while delivering creative and unique workflows catered to each asset class. More information is available at https://24exchange.com/.

Media Contact:
Eric Andrus, KARV
[email protected]
Phone: +1 (212) 333-0275

View original content:https://www.prnewswire.co.uk/news-releases/24-exchange-receives-sec-approval-of-its-new-national-securities-exchange-24x-national-exchange-302317888.html

Fintech PR

HPOS10I Lands on ByVotes to Get Community Backing for Bybit Listing

Published

6 hours ago

November 27, 2024

CISION (PR Newswire)

hpos10i-lands-on-byvotes-to-get-community-backing-for-bybit-listing

DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, unveiled a new candidate for a potential Bybit Spot listing via ByVotes, HPOS10I (HarryPotterObamaSonic10Inu). Voting is now open for Bybit users with an opportunity to divide a prize pool of 1,800,000 HPOS10I.

From now to Nov. 29, 8AM UTC, supporters of HPOS10I may cast their votes for the project in two simple steps: deposit eligible assets into their Bybit account to produce a holdings snapshot, and head over to ByVotes to cast their votes. With sufficient votes from the community, the project will be listed on Bybit Spot, and the voters will receive a share of the airdrop from HPOS10I.

The iconic memecoin was the first of its kind to fuse the realm of fantasy and the chaotic lure of crypto, leaving its mark in crypto history since its launch in May 2023. It is known for its vibrant community, the Sproto Gremlins, an NFT collection of 3,333 exclusive unique manifestations of HPOS10I’s egregore.

Bybit has recently revamped ByVotes to raise the bar for listing requirements and yield more power to the community. Users now have more control over the number of votes they get by increasing holdings or by referrals, while unlocking more earning potentials from project listings.

The new mechanism enhanced both project quality and community engagements. A variety of tokens have achieved 100% listing odds via ByVotes, including CHILLGUY, LUCE, and NEIROCTO, among others. Multiple projects featured exclusive airdrops for the community that helped them become listed on Bybit Spot.

ByVotes provides an arena for niche projects where participants stand to be rewarded from various prize pools if the projects they vote for succeed in getting listed status on Bybit Spot: ByVotes Spot.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media