SHENZHEN, China, Nov. 19, 2024 /PRNewswire/ -- The grand launch of the "LubTop2024 Annual Review Rankings," themed "Intelligent Innovation, Green Navigation," took place on November 15th. The event is organized by China Lubricant Information Network (sinolub.com) and Lubricant Market, with support from industry-leading organizations and numerous mainstream media outlets. This event reviews the achievements made over the past year in the lubricant industry and automotive aftermarket across areas like branding, technology, and products. By documenting technological breakthroughs and innovations in business models, and through an open, fair, and impartial evaluation mechanism, it aims to present a comprehensive view of the market's brand landscape. The goal is to offer more objective insights into brand development for channel partners and consumers, ultimately assisting them in making more informed purchasing decisions.
Since its establishment in 2013, the LubTop China Lubricant Industry Annual Awards and Automotive Service Competitiveness Evaluation (hereafter referred to as the "LubTop Awards") has been held annually, with this year marking its 12th edition. The LubTop Awards is dedicated to the mission of "Setting Industry Benchmarks, Inspiring the Future of the Industry." It aims to guide the advancement of lubricant products and technologies, while injecting new vitality into the sustainable development of the industry and fostering cross-sector integration.
As one of the most influential national evaluations in the lubricant and automotive aftermarket sectors, the LubTop Awards is widely regarded by the industry as the "Oscars of the Year", where international giants and renowned Chinese brands converge, achieving cross-sector collaboration. It serves as a hallmark of quality and a testament to the industry's status.
Developing New-Quality Productivity in Services
Driving the development of new-quality productivity in services to support Chinese modernization, deepening industry chain interactions, and fostering cross-sector integration are the key features of the "LubTop2024 Annual Awards". This year's awards focus on a brand evaluation system based on five core dimensions: innovation-driven growth, market win-win collaboration, user experience, industry leadership, and green development.
In today's landscape of profound global industrial restructuring and the wave of the new energy revolution, how will the lubricant industry embark on a new journey toward high-quality development? The LubTop2024 Annual Awards for the Chinese Lubricant Industry aims to address these pressing questions. With the theme "Intelligent Innovation, Green Navigation," it seeks to ignite a transformative storm where intelligence and sustainability intertwine, propelling the entire industry towards a qualitative leap on the paths of technological innovation and green development.
The "LubTop2024 Annual Ranking" will select its honorees based on a comprehensive process starting with the pre-qualification of corporate submissions, followed by quality inspections carried out by a third-party authoritative organization, which hold veto power (disqualification right). The final ranking is determined through a combination of online user voting (accounting for 30% of the score), professional market research (20%), assessments by a panel of expert mentors (40%), and media observation and commentary (10%). Utilizing both online and offline big data along with intelligent algorithms, the LubTop Brand Honor Index is generated. This index will establish the definitive list for the LubTop2024 China Lubricant Industry Annual Ranking and culminate in a grand award ceremony that will be announced globally.
Empowering a New Ecosystem of Cross-Industry Integration
The "LubTop2024 Annual Ranking" is dedicated to facilitating interaction within the lubricant industry chain, pushing the boundaries of cross-industry integration to new heights by incorporating application scenarios from the automotive and equipment sectors. It aims to expand the ranking event's influence across various industries including automobile manufacturing, construction machinery, electric power petrochemicals, cement mining, machine tools and metal processing, logistics and transportation, auto repair and maintenance, as well as among distributors and vehicle owners. The objective is to spread positive narratives and promote the good reputation of the industry.
China, as the world's largest automotive market, has consistently led in global rankings for vehicle production and sales, new energy vehicle (NEV) output, and overall vehicle ownership. It has also become the largest exporter of automobiles globally. Building on this foundation, China has developed a comprehensive and interconnected automotive industry system, creating a trillion-yuan automotive service market. Within this vast market, leading companies in sectors like lubricants, tires, and automotive repair are serving as key players, driving industry growth through commercial innovation and cross-sector integration.
Jointly initiated by Shanyang Auto and NEV Insight, and co-hosted by China Lubricant Information Network and China Tire Business Network, the "2024 Annual Automotive Service Competitiveness Awards" will be held in parallel with the LubTop2024 Annual Lubricant Industry Awards and ApexTire2024 China Tire Annual Selection. This awards event aims to conduct in-depth research and authoritative evaluations to comprehensively assess and recognize outstanding brands, products, and services in areas such as lubricants, tires, batteries, auto repair chains, and automotive culture.
Intelligent Innovation, Green Navigation
Striving Diligently, Moving Forward with the Times. In today's China, innovation and creation are continuously leading social development and progress. In 2023, we focused on "New Quality, New Momentum" to envision a grand future blueprint for the lubricant industry. By 2024, this vision will no longer serve merely as a guiding direction but will emphasize concrete actions and results. The theme "Intelligent Innovation" highlights that in an AI-driven era, technological innovation stands as the core driver of new productivity. Lubricant companies are not only expected to achieve breakthroughs in product performance but also to implement comprehensive smart upgrades in production and service models. This reflects their strategic wisdom in navigating the rapidly changing market. The focus is on driving product and service innovation to enhance market value and customer experience, thereby cultivating and serving new productivity.
"Green Navigation" focuses on the low-carbon and environmentally friendly transformation in the context of the new energy revolution, promoting sustainable development. By optimizing product research, development, and production processes, the industry aims to drive energy conservation and emissions reduction across the entire supply chain, establishing green benchmarks for the industry and aligning with high-quality development to support Chinese modernization.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Intelligent Innovation, Green Navigation: LubTop 2024 Lubricant Industry Annual Ranking Grand Launch
Intelligent Innovation, Green Navigation: LubTop 2024 Lubricant Industry Annual Ranking Grand Launch
SINGAPORE, Nov. 19, 2024 /PRNewswire/ -- Mega Matrix Inc. ("MPU" or the "Company") (NYSE American: MPU), today announced that the English version of the emotional short drama When My Son Choose His Wife is now available on FlexTV, its world-leading short drama streaming platform. Set against the glamorous backdrop of a wealthy family, a meticulously planned wedding unveils hidden truths beneath the surface.
Hazel, a prominent business magnate in Jiangcheng, postpones her medical treatment for her son Evan's wedding, only to be drawn into an elaborate scheme orchestrated by her future daughter-in-law, Layla. Mistaking Hazel as a threat to her marriage, Layla publicly confronts her during the wedding, leaving Hazel humiliated. Swayed by Layla's sweet words, Evan misunderstands his mother deeply, causing their relationship to deteriorate to an all-time low.
As Hazel's health worsens, she longs for her son's understanding and support but is met with Evan's indifference. Manipulated by Layla, Evan continually disappoints Hazel until she decides to sever ties with her son and cut off his financial support. Stripped of his wealthy status, Evan finally sees Layla's true colors and regrets his actions.
MPU operates the world's leading short drama streaming platform FlexTV, currently distributing short drama content to over 100 countries worldwide, covering multiple language versions such as English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. It has won the favor of audiences around the world with its high-quality short dramas and excellent user experience. The English version of When My Son Choose His Wife premiered on November 19, exploring profound themes of family, love, and humanity. This gripping drama delves into love and pain, trust and betrayal, where every choice shapes destinies. To discover more exciting series, please visit https://www.flextv.cc/.
#Family #Relationships #Wealth #ShortDrama #FlexTV #MPU
About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect wholly owned subsidiary of the Company. Mega Matrix Inc. is a Cayman Islands corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.
Key Metrics
The numbers for our key metrics, which include our total active users (TAU), total paying users (TPU), average membership and top-up streaming service revenue per active user (ARPU), and average membership and top-up streaming service revenue per paying user (ARPPU), are calculated using internal company data based on the activity of user accounts. We define an active user as a user who has downloaded and opened the FlexTV app at least once. We define a paying user as a user who has registered for a membership or has topped up, provided a method of payment, and is entitled to access FlexTV services (this membership or topping up does not include participation in free trials or other promotional offers extended by FlexTV to new users). We define ARPU as average membership and top-up streaming services revenue generated by each active user in one quarter. We define ARPPU as average membership and top-up streaming services revenue generated by each paying user in one quarter. We use these metrics to assess the growth and health of the overall business and believe that ARPU best reflects our ability to attract, retain, engage and monetize our users, and thereby drive revenue. While these numbers are based on what we believe to be reasonable estimates of our user base for the applicable period of measurement, there are inherent challenges in measuring usage of our products across large online and mobile populations around the world. In addition, we are continually seeking to improve our estimates of our user base, and such estimates may change due to improvements or changes in technology or our methodology.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company's new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company's future results of operations are subject to additional risks and uncertainties set forth under the heading "Risk Factors" in documents filed by the Company with the Securities and Exchange Commission ("SEC"), including the Company's latest annual report on Form 10-K, as amended, filed with the SEC on August 19, 2024, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company's inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company's assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.
Disclosure Channels
We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:
X (f/k/a Twitter):
twitter.com/MegaMatrixMPU
Facebook:
facebook.com/megamatrixmpu
facebook.com/flextvus
LinkedIn:
linkedin.com/company/megamatrixmpu
TikTok:
tiktok.com/@flextv_english
YouTube:
youtube.com/@FlexTV_English
The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.
For inquiries, please contact: Info@megamatrix.io
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Mega Matrix Announced that the English Version of Short Drama "When My Son Choose His Wife" Premiered on FlexTV on November 19
