| | MAY 20238IN FOCUSSEPHORA SEA NAMES JENNY CHEAH AS MD OF ASIA REGIONBITGET INTRODUCES $100 MILLION WEB3 FUND FOR CRYPTO PROJECTS IN ASIAJenny Cheah has been named the Managing Director of Southeast Asia, Oceania, and South Korea by Sephora, the largest omni-channel prestige cosmetics retail brand in the world. She will answer directly to Sephora Asia President Alia Gogi.Jenny's 25-year career with LVMH started as a management trainee at DFS, where she developed the leadership abilities and business knowledge needed to control various business functions, from business development and management to merchandising and retail operations. Jenny moved to Bulgari, where she spent seven years establishing the brand, directing the development of South Asia, and eventually serving as President of Greater China."Jenny is joining Sephora at a truly exciting time as the prestige beauty market rebounds after Covid. With her robust knowledge of the prestige industry and Southeast Asia, she will play an instrumental role in our ambition to continuously elevate the Sephora experience to create the most loved beauty community in the world", said Alia Gogi, President of Sephora Asia.Jenny Cheah, Managing Director of Sephora Southeast Asia, Oceania and South Korea added, "I'm beyond excited to join Sephora at a time when we continue to reimagine, redefine and challenge the perception of beauty. Our corporate purpose that is deeply anchored in empowering the extraordinary in each and all of us, is something that I profoundly believe in, and I can't wait to work with my amazing teams across Southeast Asia, Oceania and South Korea to bring this to life".The only international beauty omni-retailer, Sephora operates almost 3,000 places of sale in 36 markets. The company's success is built on innovation, a carefully chosen product portfolio, industry-leading digital capabilities, and distinctive customer experiences. The company introduced exclusive services, free workshops, and technological features to create a seamless experience for the omni-beauty consumer when it opened its first `Store of the Future' in Singapore last year. During the Hong Kong Blockchain Week, Bitget, a well-known bitcoin derivatives and copy trading platform, announced the opening of its Bitget Web3 Fund. By investing in venture capital that is Web3-friendly and an extraordinary Web3 company, the fund, which has a $100 million initial investment, seeks to assist the development of the next generation of crypto projects.Bitget's `Move beyond derivative' plan for 2023 places an emphasis on the growth of the Web3 ecosystem and promotes a favourable outlook on the market for digital currencies. The Bitget Web3 Fund will concentrate on VCs and projects worldwide, but will give preference to partners in Asia who have a clear path, an accomplished team, and creative answers to pressing issues. Numerous VCs have expressed interest in working with the Bitget Web3 Fund, including Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker, and ABCDE Capital."We can see that Web3 space is evolving rapidly and many projects deserve the support to further advance such development and make Web3 a truly global phenomenon, as Web2 had once become. That is why the Bitget Web3 Fund will strive to seek out projects that have the most impact on this process. We are taking a fully conscious and responsible approach in this regard and know how important accountability is when dealing with any innovative project requiring investments. We strive to support financial innovation in Asia and believe that our platform can act as a reliable, convenient, and secure link between the worlds of DeFi and CeFi. Our team of analysts has already outlined the criteria for project selection and will adhere to them strictly", as Gracy Chen, the Managing Director of Bitget, commented on the launch of the new fund.Bitget has backed various programmes to encour-age the use of cryptocurrencies. The exchange has purchased many Web3 applications and committed to supporting Juventus Women's Team as a general sponsor and sleeve sponsor for the 2022­2023 sea-sons. To improve Bitget users' Web3 browsing, the exchange recently bought the BitKeep wallet, a Web3 access gateway with over 9.5 million users. To encour-age individual initiatives and group spirit, Bitget is also planning events and competitio.
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