Triller Inc. Secures $310 Million Equity Funding from Global Emerging Markets (GEM) in connection with Upcoming Public Listing

Company Expects to be Publicly Trading in Early Q4 Under Symbol “ILLR”

LOS ANGELES, Sept. 29, 2022 (GLOBE NEWSWIRE) — Triller Inc.(“Triller”) and GEM Global Yield LLC SCS (“GGY”) today announced a binding $310 million investment from GEM, the Luxembourg based private alternative investment group, in the form of a share subscription facility. Under the agreement, GEM will provide Triller with up to $310 million in equity capital for a 36-month term following a public listing of Triller’s common stock.

Triller will not be obligated to draw the full $310 million but can do so in part or in whole at its discretion. Triller will control both the timing and amount of all drawdowns and will issue stock to GEM on each drawn down from the facility. Triller will also issue warrants to GEM, further aligning the interests of the companies.

Triller filed its private S-1 with the U.S. Securities and Exchange Commission last month and is submitting what it anticipates being the final S-1 concurrently with the closing of this facility. The expectation is that trading will commence in early Q4 2022.

“Triller has been growing tremendously,” said Mahi de Silva, CEO and Chairman of Triller. “At our inception in 2019, we were a zero-revenue company; now we are on track to break $100 million in revenue this year. The Triller app has been downloaded more than 350 million times, and the company works with dozens of the world’s largest brands and thousands of top artists, disrupting the entire creator community.”

Triller has 10 business lines, eight of which are at break-even or profitable, and effectuates 750 million interactions per quarter, each of which is a potential monetizable transaction for the company in the future.

With the capital infusion from GEM, Triller will be able to make additional acquisitions to strengthen its toolbox for the creator community and reach breakeven or profitability in the short-term. Assuming it draws upon the full $310 million equity facility, Triller will have raised more than $600 million dollars and, upon its IPO, will be virtually debt free.

“Triller is breaking all the rules of the closed garden systems. It is challenging the way the old establishment takes advantage of creators and users by keeping 99 percent of the money within the system for itself,” said De Silva. “The reason the industry is so set on MAU, DAU and the like is that is how much time someone spends within one company’s particular closed garden and means that the social networks ‘own’ the user, revenue, brand and information.

“Triller breaks that system wide open. As an open garden, our goal is to put the power back in the hands of the creators and users, allowing creators and brands to connect directly. We provide tools to maximize those connections and how well each can be monetized. In addition, looking at the number of interactions we facilitate helps us to forecast future revenue since each one of those is a potential transaction fee for us.”

About Triller Inc.

Triller is the AI-powered open garden technology platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller encourages its influencers to post the content created on the app across different social media platforms and uses proprietary AI technology to push and track their content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller additionally owns VERZUZ, the live-stream music platform; combat sports brands Triller Fight Club, Triad Combat and BKFC; Amplify.ai, a leading customer engagement platform; FITE.tv, a premier global PPV, AVOD, and SVOD streaming service; Thuzio, a leader in B2B premium influencer events and experiences; Fangage, a platform for creators to engage fans and monetize content and Julius, a platform for brands and agencies to harness creators for social engagement and social commerce.

About GEM
Global Emerging Markets (“GEM”) is a $3.4 billion, Luxembourg based private alternative investment group with offices in Paris, New York and The Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in over 70 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments. For more information: http://www.gemny.com

Tony Freinberg
President, Edendale Strategies
tony@edendalestrategies.com
(310) 614-1435

Vinamilk recognized as “The 6th Most Valuable Dairy Brand” globally in 2022 by Brand Finance

HO CHI MINH CITY, Vietnam, Sept. 29, 2022 /PRNewswire/ — Vinamilk, Vietnam’s leading dairy manufacturer has reached a new milestone by being ranked 6th position in the Top 10 Most Valuable Dairy Brands by Brand Finance.

Brand Finance offered Vinamilk’s brand value certificate to the company’s representative

The US$2.8 billion valuation this year sees an impressive 18% increase as compared to 2021, reaffirms Vinamilk’s leading position. Specifically, in the dairy segment, the brand was ranked the Most Potential Dairy Brand and continues to appear in the Top 5 Strongest Dairy Brands, coming in 2nd place – a remarkable result for Vinamilk as the only Southeast Asia representative in the Top 10 ranking for both brand value and strength. Vinamilk also leaves its footprint in major Food rankings such as Top 30 Most Valuable Food Brands and Top 10 Strongest Food Brands.

Vinamilk’s brand value growth (2019 – 2022)

Furthermore, according to the nationwide report, Brand Finance also recognized Vinamilk as the Most Valuable Food Brand in Vietnam.

“The significant role of the brand is well aware by Vinamilk throughout the development of the company, especially in F&B and the dairy industry in particular. Throughout our 46-year journey, Vinamilk has continuously built the company’s brand value in accordance to our core pillars – product quality, service and our reputation amongst consumers”, said Mrs. Bui Thi Huong, Vinamilk Chief Director of Admin, HR & PR.

Vinamilk’s recent activities in Australia Fine Food trade fair

She also believes Vietnamese businesses will focus and put all their effort in achieving higher rankings on global rankings, affirming the position and value of Vietnamese national brands.

Every year, Brand Finance puts 5,000 of the world’s biggest brands in 29 industries throughout 39 countries under its test. With an integrated measurement method, considering various brand factors such as impact, health and reputation, investment and others combined with financial and survey data, the annual Food and Drink report published by Brand Finance provides brand health assessments in a transparent, fair and objective manner.

The changes when compared to Brand Finance’s 2021 report suggest that brands that invest in intrinsic strength, as well as focus on core values and long-term vision, are more likely to overcome uncertainty in turbulent times, and are developing further through innovation and continuity to meet growing consumer needs.

Vinamilk’s investments have also been positively recognized by other local and international organizations. The Brand Footprint 2022 report published by Worldpanel, Kantar signified Vinamilk’s decade-long achievements in maintaining leading positions in the Top 10 Most Chosen Dairy Brands in Vietnam.

In addition, Vinamilk was also honored for the 10th consecutive time in Forbes Vietnam’s 50 Best Listed Companies and has been recognized as one of “Vietnam Value” brands by VIETRADE since 2010.

Present in 57 countries and territories with a total accumulated export turnover of US$2.75 billion, Vinamilk continues to research and develop new products to increase its penetration to key export markets.

Since the beginning of 2022, the company has actively participated in a number of international trade activities and food fairs in China, Dubai, Japan, South Korea, and Australia to introduce Vinamilk’s range of products, as well as seeking opportunities for its international expansion.

About Vinamilk

Founded in 1976, Vinamilk is the leading dairy company in Vietnam which is listed among the Top 40 largest nutrition companies in the world by revenue and Top 10 of the world’s most valuable dairy brands. Vinamilk currently manages 17 factories, 15 dairy farms in Vietnam and overseas.

Photo – https://mma.prnewswire.com/media/1910811/1.jpg
Photo – https://mma.prnewswire.com/media/1910812/Vinamilk_Brand_Value_Graph__1.jpg
Photo – https://mma.prnewswire.com/media/1910813/KDQT__c_1.jpg

Strengthening Risk Analysis for Humanitarian Planning: Integrating disaster and climate risk in the Humanitarian Programme Cycle (May 2022)

During the last decade, the costs of humanitarian appeals increased by 400%. According to OCHA’s financial tracking service, more than 50% of the costs for international humanitarian response could not be covered in 2021. Between 2030-2050, the impacts of climate change are anticipated to lead to skyrocketing humanitarian costs exceeding USD 20 billion per year. While around 50% of disaster impacts can be predicted with varying degrees of confidence, only a fraction of funding is dedicated to risk reduction and preparedness, underscoring the need for more risk-sensitive humanitarian planning and action. In the Pathway for Peace study, the United Nations and World Bank produced a business case to show that conflict prevention, besides saving millions of lives, is also economically beneficial: preventing outbreaks of violence would create net savings close to USD 5 billion per year. Similarly, a study commissioned by USAID looking at Ethiopia, Kenya and Somalia, Economics of Resilience to Drought6, quantified the savings from earlier response: investing in more proactive responses to avert humanitarian crises could reduce the cost to international donors by 30%, as well as protecting billions of dollars of income and assets for those most affected.

 

Source: UN Office for Disaster Risk Reduction

Bid Notice

It is to be recalled that Ethiopian government has issued bid notice for privatization of 8 sugar factories. Accordingly, for companies interested to submit expressions of interest for the bid transaction are cordially invited to access the Ministry of Finance website https://www.mofed.gov.et  –  in addition to referring the document attached herewith. InvestmentTeaser2

 

Source: Ethiopian Embassy UK

Symposium on Child Health Held

Haramaya University College of Health and Medical Sciences conducted a symposium under the theme of “Determinants of Child Health” on September 21, 2022 in Harar.

Haramaya University College of Health and Medical Sciences Chief Executive Director, Dr. Ahmed Mohammed, warmly welcomed guests from the University of Florida and the Gates Foundation.

In his welcoming speech, Dr Ahmed said the College is excited to show the guests a sneak peek of current project activities and discuss potential future collaborations.

Partners from University of Florida (USA) and Bill & Melinda Gates Foundation availed themselves at Haramaya University College of health and Medical Sciences to extend their collaboration with the University.

Dr. Ahmed said that the College’s vision is to rise to excellence: envisioning to be world-class health research, education, and service center by 2045.This includes research excellence, internationalization, synergistic integration, and education and healthcare advancement.

The staff members are ready to “RISE to the occasion” and work together to improve the lives and health of eastern Ethiopia’s surrounding communities and people, he added.

Haramaya University President, Dr. Jemal Yousuf, on his part indicated that Haramaya University is working in collaboration with partner organizations.

He thanked the Foundation for the national capacity created by the project supported by the Bill and Milinda Gate Foundation, especially the modern laboratory that was used to test for the recent global outbreak of Covid-19.

Dr. Jemal explained that the meeting was held to explain the findings of the University in terms of research and to continue the work started with partner organizations.

On the symposium, ten papers were presented by concerned bodies from both Universities (Partner organizations) on a wide range of topics.

Following the presentations, suggestions were forwarded and questions were raised and discussion was made on how to strengthen and expand the collaboration.

 

Source: HARAMAYA University

Partnerships for Rays of Hope Initiative Key in Supporting Cancer Care: Scientific Forum Closes

Stakeholders must work together to amplify their efforts to deliver impactful, sustainable, innovative cancer care that reaches everyone in need, participants of the IAEA Scientific Forum organized on the side-lines of the General Conference concluded today.

According to the World Health Organization (WHO), one in six deaths around the world can be attributed to cancer, with 70 per cent of deaths occurring in low- and middle-income countries. One-third of all cancers can be prevented and some of the most common forms — including cervical, breast, head and neck, and colorectal cancers — can be cured with the right combination of skills, training, and technology in radiation medicine. However, such technology is not available to everyone, with radiotherapy, for example, often a life-saving technique, accessible only to 10 per cent of people in low-income countries.

“We have a moral responsibility not to let these people die. The new IAEA initiative called Rays of Hope is for everyone, it is raising hope,” said IAEA Director General Rafael Mariano Grossi at the two-day Forum during which experts, doctors, patient advocates, private sector representatives and high-level speakers from countries discussed the way forward. “Rays of Hope needs you, all of you,” Mr Grossi said. “We must unify our distorted efforts and translate them into very specific results.”

At the event, which took place on the side-lines of the IAEA’s 66th general Conference, Rays of Hope was highlighted by speakers as the main tool for further cooperation. The initiative was launched in 2022 at the African Union Summit and builds upon the Agency’s six decades of expertise in nuclear science to diagnose and treat different types of tumours.

To leverage the IAEA experience and to establish and expand diagnostic and treatment services, the Agency and key stakeholders — including governments, the private sector, financial institutions, other international organizations such as WHO, development agencies and professional societies — agreed on the need to continue working together as a collation of partners, to forge new partnerships, and to strengthen those that exist. Such partnerships need to be built on a global but also a regional level, and one way would be to leverage centres of excellence, that could provide much of the training and quality assurance to countries nearby, through Rays of Hope, participants heard.

Speakers also agreed on the need to tap into diverse funding sources to extend the reach of Rays of Hope, which has to date received roughly €12 million in funding. During the General Conference, several partners presented new donations in support of the initiative, including Belgium, which announced its largest ever financial contribution; the Principality of Monaco, which signed its first multi-year agreement with the IAEA in support of the flagship cancer initiative, and the Korea Nuclear International Cooperation Fund (KONICOF), which gathered donations from the South Korean public to support cancer control in Ethiopia through Rays of Hope. Algeria also offered its help in training personnel for the region.

The Forum concluded that funding can be used to harness the international community’s help in making a long-term difference to address the gap between a country’s capacities and its growing needs. Such an approach should be tailored to every country and built upon four pillars: supporting capacity-building and training, boosting innovation, enhancing the sustainability of services, and procuring equipment. Setting up and operating a radiotherapy unit able to treat 500 patients per year, participants heard, can cost USD 7.5 million.

Five sessions at a glance

Five sessions spread over a day and a half focused on different elements of how to improve cancer care. Following statements of the high-level speakers in the opening session, the speakers in the first session discussed the important role of and access to radiation technologies in the medical management of cancer patients around the world. “Radiotherapy offers both cure and symptom control for patients with cancer. I strongly believe the global community has enough resources to make meaningful changes in countries where radiotherapy is needed the most,” said Soehartati Gondhowiardjo, a radiation oncologist and senior consultant at the Cipto Mangunkusumo National General Hospital in Indonesia about radiotherapy, which is still not available in 20 countries in the world.

Speakers also emphasized the need to upscale access to imaging and nuclear medicine, essential for the management of cancer patients. “Improving access to medical imaging and nuclear medicine can save millions of lives, and provide a return on investment of up to US$179 for every US$1 spent,” said Andrew Scott, Director of the Department of Molecular Imaging and Therapy at the Austin Health in Australia.

Speakers from Armenia, Australia, Brazil, Belgium, Indonesia, Kenya, and South Korea discussed the importance of regional assistance, the transmission of knowledge and ways of how to overcome challenges such as shortages in funding, lack of skilled workforce, and latest technologies.

The second session focused on boosting quality, safety, and sustainability in the delivery of cancer care for all. Speakers from Algeria, Colombia, India, Thailand, and the United States explained the importance of quality assurance programmes, which are key for high-level quality diagnosis and treatment. They also discussed how to bolster regional cancer institutions, develop regional anchor centres, and establish collaborative networks in all aspects of radiation medicine, including through Rays of Hope.

Successful examples implemented in countries have been presented, such as a centralized model of affordable cancer care for low- and middle-income countries. Such model, as presented by Rajendra Badwe, Director at the Tata Memorial Centre and Cancer Hospital in India, offers affordable and accessible cancer care and takes into account the magnitude of cancer, unique subtypes, and trends in incidence and mortality.

The third session showcased the vital role of innovation in meeting the growing global need for cancer care and the IAEA’s role in fostering this development. Speakers from Argentina, Egypt, Japan, Poland, and Zimbabwe discussed the importance of access to modern technology including online training in expanding cancer care services and challenges in overcoming it. “By supplementing the face-to-face training with the use of online tools providing interactive consultations and radiotherapy planning practice, we could close the gap of radiation oncology worldwide,” said one of the speakers, Tomoaki Tamaki, Professor at the Fukushima Medical University in Japan.

Several innovative national and regional approaches were highlighted, such as a virtual multidisciplinary tumour board called AFRONET as presented by Ntokozo Ndlovu, clinical oncologist from the University of Zimbabwe.

The fourth session looked at how to incorporate uses of radiation medicine within the wider cancer control continuum through country examples. One such example is the IAEA-WHO framework for developing comprehensive cancer centres. “WHO and IAEA combined efforts to set up a framework for creating centres that provide a full spectrum of cancer services in addition to the delivery of safe radiation,” said Mary Gospodarowicz, radiation oncologist from the Princess Margaret Cancer Centre at the University of Toronto in Canada about this initiative.

Other speakers from Cuba, France, Malaysia, Morocco, Singapore, and WHO also discussed the role of global cancer initiatives including the ones from WHO and the role of safety and security in radiation medicine.

The fifth and closing session featured a high-level panel on the importance of partnerships and collaborations in promoting access to cancer care through the IAEA’s Rays of Hope initiative. During this session, Director General Grossi joined Annette Owttrim, CEO of ASPEN Medical in Fiji, Idrissa Dia, Director of the Economic and Social Infrastructure Global Practices Department at the Islamic Development Bank (IsDB) and Greg Perry, Assistant Director General of the International Federation of Pharmaceutical Manufacturers and Associations, highlighting the importance of resource mobilization and outreach to a broad partnership base including the private sector and financial institutions.

“We are trying to bring people together, we are trying to be agile, and offer packages that are operational quickly,” said Mr Grossi closing the Forum. “The objective is to show results, and show them soon.”

 

Source: International Atomic Energy Agency

External Curriculum Review Workshop Conducted

On September 22, 2022, at the University’s resource center, Haramaya University College of Health and Medical Science, in collaboration with the College of Education and Behavioral Sciences, held an external curriculum review workshop for two new postgraduate programs: MSC in Pediatrics Development and Rehabilitative Nursing, and MA in Developmental Disability.

The Ministry of Education, the Deborah Foundation Center, the Harari and Oromia Region Education and Health offices, as well as other relevant stakeholder representatives participated in the workshop.

Dr. Ahmed Mohammed, Chief Executive Director of Haramaya University College of Health and Medical Sciences, stated during the program’s opening ceremony that the curriculum review is expected to have a significant positive impact on the sector’s underserved populations. Dr. Ahmed continued by pointing out that a recent study by prospective graduates of Haramaya University’s College of Health and Medical Sciences in the Harari Region through the Team Task Oriented Training (TTP) program reveals that in one district (woreda) only, there are more than 50 children with various developmental disabilities that require special support, and this confirms the problem’s size and scope.

Dr. Ahmed added that because there is a lack of understanding in the neighborhood, even moms who give birth to kids with developmental problems experience social isolation. This curriculum is different because it is developed in conjunction with people with disabilities, and that makes it very important because it helps children to get support and supervision, and it creates a society with an educated workforce that has awareness and knowledge about their different abilities and problems, according to Dr. Ahmed.

In the final discussion, it was stated that children with various health problems and developmental disabilities face an isolation problem in their communities, schools, and even within their families. That makes the problem serious.

Finally, Haramaya University receives an appreciation certificate from the Deborah Foundation.

 

Source: HARAMAYA University