YOHO eCommerce unveils “YOHO AI Assistant” to Enhance Shopping Experience, Introduce “Best Deal Guarantee” to Train the Pricing Algorithm

Mar 1, 2024 | Business

Yoho Group Holdings Limited (“YOHO” or the “Group”; Stock Code: 2347), a leading e-commerce platform in Hong Kong, is pleased to announce that as a pioneer in Hong Kong’s e-commerce landscape, it has been actively exploring the synergistic integration of AI technology with retail experience, with a commitment to revolutionizing the online shopping experience for every online consumer. To celebrate its 11th anniversary, the Group officially unveiled its AI e-commerce blueprint and launched YOHO AI Assistant, a personal AI shopping assistant on the YOHO platform, to comprehensively address customers’ various shopping queries. In addition, in gratitude for the longstanding support and trust of its vast consumer base, YOHO is launching a citywide shopping promotion and activities with the theme “Best Deal Guarantee” during the 11th Anniversary Thanksgiving Festival to celebrate with its customers.

Exciting Debut of YOHO AI Assistant

YOHO AI Assistant serves as a personal AI shopping assistant for each customer, embodying the five core objectives of personalization, professionalism, convenience, efficiency, and cost-effectiveness. It is equipped to provide eight major shopping assistance functions, including comprehensive product information, personalized product search, insightful product comparisons, comprehensive price comparisons, aggregated product reviews, professional product recommendations, 24-hour customer service, and shopping reminders. These features will be rolled out and made available in phases. The YOHO team is dedicated to further enhancing the Group’s AI strategy, integrating data across the entire platform to efficiently apply it to customer service, AI conversational shopping interactions, and other areas, with the aim of significantly improving the customer experience. For more details about YOHO AI Assistant, please visit https://bitly.ws/3ey2K.

YOHO Celebrates its 11th Anniversary Thanksgiving Festival with the Citywide “Best Deal Guarantee” Shopping Promotion

Since its inception, YOHO has adhered to the philosophy of “offering an extensive range of quality products at affordable prices”. In 2019, the Group successfully developed an in-house “automatic pricing system” that utilizes an algorithm to determine the optimal pricing and discounts for products, thereby assisting consumers in making the most competitive shopping decisions. Marking its 11th anniversary, the Group has strategically introduced the “Best Deal Guarantee” offer. From 1 March to 31 March 2024, YOHO members who identify the same product available at a lower public price in another Hong Kong store within 24 hours of their purchase on the YOHO platform are eligible to apply a price difference refund of up to HK$1,000.

Furthermore, YOHO will host a 13-day citywide flash sale event starting from 1 March to 13 March 2024. An extensive selection of flash sale deals will be launched precisely at midnight each day, featuring selected themes from over 60,000 products. The categories include major appliances, mobile phones, computers, beauty and skincare devices, games, kitchen appliances, supplements and vitamins. Additionally, the Thanksgiving Festival will feature a special “Fixed Price $11” promotion, offering a variety of limited-quantity products at a flat rate of HK$11. In addition to the best price guarantee and flash sales, YOHO is partnering with Mastercard, BoC Pay, AlipayHK, and X Pay to offer various payment discounts, with savings of up to HK$500.

Ms. Kathy Tsui, Co-founder and Chief Operating Officer of Yoho Group, said, “Amid the complex and ever-changing external geopolitical and economic landscape, the Hong Kong economy still faces significant challenges that cannot be underestimated. YOHO is acutely aware of consumers’ strong demand for products with great cost-effectiveness. Coinciding with the YOHO 11th Anniversary Thanksgiving Festival, we are genuinely launching a vast array of offers and privileges to reciprocate our customers’ support. Additionally, as an e-commerce player persistently leveraging technology to enhance the shopping experience, we believe in the transformative potential of AI technology on the future retail ecosystem. Consequently, we are actively engaging with leading global AI firms to research and develop applications and integrations of AI technology. We are thrilled to announce the launch of the YOHO AI Assistant Beta version on 28 February, marking a pivotal milestone in the YOHO AI e-commerce blueprint. Looking forward, YOHO will further amplify our market strategy, embracing innovative thinking and technological advancements to provide an unparalleled intelligent shopping experience, with the ambition of expanding from a local Hong Kong e-commerce platform to the global market.”

For more details on YOHO’s 11th anniversary promotion, please visit https://bitly.ws/3exhY

About Yoho Group Holdings Limited (Stock Code: 2347)

Yoho Group Holdings Limited, Hong Kong’s first B2C e-commerce company listed on the HKEX main board, operates on the online-merge-offline (OMO) business model. It has more than 1.1 million registered users and more than 2,290,000 monthly active users and offers a diverse product portfolio covering approximately 60,000 SKUs (with a focus on consumer electronics and home appliances). According to Frost & Sullivan 2020/21 data, Yoho ranked first as an e-commerce platform with a primary focus on consumer electronics and home appliances in Hong Kong in terms of website traffic and recorded the highest online retail sales of consumer electronics and home appliances among all Hong Kong e-commerce platforms.


Topic: Press release summary

JD Duarte: eCommerce Trailblazer Uncovers How AI Revolutionizes Fraud Prevention, Safeguarding Online Businesses

Jun 14, 2023 | Business

JD Duarte, an eCommerce trailblazer, uncovers the transformative power of artificial intelligence (AI) in revolutionizing fraud prevention, empowering online businesses to proactively detect and prevent fraudulent activities, safeguarding their financial well-being and reputation.

San Jos, Costa Rica – WEBWIRE –

JD Duarte, a trailblazing eCommerce expert and industry leader, has uncovered how artificial intelligence (AI) revolutionizes fraud prevention, safeguarding online businesses from financial losses and reputational damage. With the increasing sophistication of online fraudsters and the growing need for robust security measures, JD Duarte provides invaluable insights into the transformative power of AI in detecting and preventing fraudulent activities.

As eCommerce continues to thrive and online transactions become more prevalent, businesses face the constant challenge of protecting themselves and their customers from fraudulent activities. Traditional fraud prevention methods are no longer sufficient to combat the ever-evolving tactics employed by cybercriminals. JD Duarte delves into how AI-driven technologies can revolutionize fraud prevention and enable businesses to stay one step ahead in the ongoing battle against fraud.

Key aspects of JD Duartes exploration into AI-powered fraud prevention include:

Advanced Fraud Detection: AI-powered algorithms and machine learning techniques have the capability to analyze vast amounts of data and identify patterns that human analysts may overlook. JD Duarte emphasizes how AI can detect anomalies, detect fraudulent behavior in real-time, and continuously learn from new data to enhance fraud detection accuracy. By leveraging AI, businesses can proactively identify and prevent fraudulent activities before they cause significant damage.

Behavioral Analysis: AI-driven fraud prevention systems can analyze user behavior and detect deviations from normal patterns, providing an additional layer of security. JD Duarte explains how AI can analyze various data points such as browsing habits, purchase history, and interaction patterns to establish a baseline of normal behavior for each customer. Any deviations from this baseline can trigger alerts and help identify potential fraud attempts, allowing businesses to take immediate action.

Transaction Risk Scoring: AI algorithms can assign risk scores to individual transactions based on various factors, including customer behavior, transaction details, and historical data. JD Duarte demonstrates how AI can evaluate risk levels in real-time, enabling businesses to prioritize their fraud prevention efforts and focus on high-risk transactions while minimizing disruption to genuine customers. This dynamic risk-scoring mechanism enhances fraud detection accuracy and reduces false positives.

Adaptive Fraud Prevention: One of the key advantages of AI in fraud prevention is its ability to adapt and evolve. JD Duarte highlights how AI systems can continuously learn from new data, adapt to emerging fraud trends, and refine their fraud prevention models. This adaptability allows businesses to stay ahead of fraudsters who are constantly devising new techniques, ensuring that fraud prevention measures remain effective in an ever-changing landscape.

AI has revolutionized fraud prevention by enabling businesses to detect and prevent fraudulent activities in real-time, said JD Duarte. By leveraging the power of AI, businesses can safeguard their operations, protect their customers, and maintain trust in the online marketplace.

JD Duarte provides consulting services, workshops, and resources to help businesses implement AI-powered fraud prevention strategies and enhance their security measures.

About Jose Daniel Duarte

JD Duarte is originally from Heredia, Costa Rica. He has been an entrepreneur and business owner for more than 20 years. He divides his time between his existing operations and researching new investment possibilities.

Future Electronics Offers One of the Largest Available-to-Sell Inventories in the Industry

Oct 31, 2020 | Tech

Future Electronics is a global leading distributor of electronic components with worldwide headquarters in Montreal. The company is proud to offer one of the largest available-to-sell inventories in the world.

Future Electronics operates on a single integrated global IT platform where customers can source parts from their worldwide inventory to manufacture anywhere in the world, with the same high level of service and traceability anywhere.

Whether customers are looking for New Product Introductions or full-scale production volumes for a mass market, Future Electronics is uniquely-positioned in the electronic components sector to offer available-to-sell inventory and true bonded inventory for its customers. Backed by three modern, automated Distribution Centers, orders can be processed and fulfilled with one of the latest order cutoff times and high precision.

Whether purchasing online or offline with the support of Future Electronics sales teams, products can be sourced from their worldwide inventory, allowing its customer base to get the necessary parts on time, every time.

For more information, please contact Future Electronics: www.FutureElectronics.com/Contact-Us.

About Future Electronics

Future Electronics is a global leader in electronics distribution, recognized for providing customers with global supply chain solutions, custom-tailored engineering services and a very extensive variety of electronic components. Founded by Robert G. Miller in 1968, Future Electronics believes its 5000 employees are its greatest asset, with 170 offices in 44 countries. Future Electronics is globally integrated, with a unified IT infrastructure that delivers real-time inventory availability and access to customers. With the highest level of service, the most advanced engineering capabilities, and the largest available-to-sell inventory in the world, Future’s mission is always to Delight the Customer®. For more information, visit www.FutureElectronics.com.

###

Future Electronics Promotes Extended Order Cut-Off Times

Oct 23, 2020 | Tech

Future Electronics, a global leading distributor of electronic components, is promoting their extended order cut-off times.

Future Electronics’ three modern, automated Distribution Centers were strategically placed in order to process same-day shipments quickly and accurately.

The flagship North American Distribution Center is located in the Memphis area with direct proximity to carrier hubs, and to one of the world’s largest cargo airports. The EMEA Distribution Center, located in Leipzig, Germany, is a focal logistics point in Central Europe, also in close proximity to carrier hubs. The strategically-located Singapore, Asia Distribution Center is located in Asia’s established logistics hub, right near the Changi Airport.

Future Electronics’ automated material handling process, along with its modern warehouse management systems, significantly reduce order processing times and fulfill orders with precision. For example, qualified priority customer orders can be fulfilled from receipt to shipment in a mere 15 minutes, following the most stringent quality standards of the industry.

For more information about the capabilities of Future Electronics Distribution Centers, please visit:

www.FutureElectronics.com/About-Future/Distribution-Centers.

About Future Electronics

Future Electronics is a global leader in electronics distribution, recognized for providing customers with global supply chain solutions, custom-tailored engineering services and a very extensive variety of electronic components. Founded by Robert G. Miller in 1968, Future Electronics believes its 5000 employees are its greatest asset, with 170 offices in 44 countries. Future Electronics is globally integrated, with a unified IT infrastructure that delivers real-time inventory availability and access to customers. With the highest level of service, the most advanced engineering capabilities, and the largest available-to-sell inventory in the world, Future’s mission is always to Delight the Customer®. For more information, visit www.FutureElectronics.com.

Future Electronics Launches New Online Bill of Materials Tool

Oct 16, 2020 | Tech

Future Electronics is a global leading distributor of electronic components with worldwide headquarters in Montreal. The company is pleased to announce their new online Bill of Materials tool for a more intuitive customer experience.

Future Electronics worked closely with many stakeholders over several months of dedication and effort to launch this new feature that comes fully-equipped to be a complete and centralized source of information for the whole manufacturing process from design to production.

A precise and accurate BOM is essential in the world of electronic components distribution. Future Electronics’ BOM tool features its comprehensive global inventory network of raw components, assembly information, quantities and additional essential information needed to build and complete a fully-shippable product. Customers can import or export their lists and add products in many ways, in addition to saving their lists on their online account profile for easy access.

To access the Future Electronics online Bill of Materials tool or create your account, please visit: www.FutureElectronics.com/BOM.

About Future Electronics

Future Electronics is a global leader in electronics distribution, recognized for providing customers with global supply chain solutions, custom-tailored engineering services and a very extensive variety of electronic components. Founded by Robert G. Miller in 1968, Future Electronics believes its 5000 employees are its greatest asset, with 170 offices in 44 countries. Future Electronics is globally integrated, with a unified IT infrastructure that delivers real-time inventory availability and access to customers. With the highest level of service, the most advanced engineering capabilities, and the largest available-to-sell inventory in the world, Future’s mission is always to Delight the Customer®. For more information, visit www.FutureElectronics.com.

Media Contact

Claudio Caporicci
Global Director Marketing Communications & Advertising
FUTURE ELECTRONICS
www.FutureElectronics.com
514-694-7710
Claudio.Caporicci@FutureElectronics.com

###