Latest news with #DavidChung
Yahoo
2 days ago
- Business
- Yahoo
51Talk Online Education Group to Present on the Emerging Growth Conference on June 17, 2025.
51Talk Online Education Group invites individual and institutional investors as well as advisors and analysts, to attend its real-time, interactive presentation on the Emerging Growth Conference. SINGAPORE, June 12, 2025 /PRNewswire/ -- 51Talk Online Education Group (the "Company") (NYSE American: COE ), a global online education platform with core expertise in English education, is pleased to announce that it has been invited to present on the Emerging Growth Conference on June 17, 2025. The next Emerging Growth Conference is presenting on June 17, 2025. This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company's investor relations vice president David Chung in real time. Mr. David Chung will perform a presentation and may subsequently open the floor for questions. Please submit your questions in advance to Questions@ or ask your questions during the event and Mr. David Chung will do his best to get through as many of them as possible. 51Talk Online Education Group will be presenting at 9:05 AM Eastern time for 30 minutes. Please register here to ensure you are able to attend the conference and receive any updates that are released. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on and on the Emerging Growth YouTube Channel, We will release a link to that after the event. About the Emerging Growth Conference The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in a time efficient manner. The Conference focus and coverage includes companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long term growth. Its audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts. All sessions will be conducted through video webcasts and will take place in the Eastern time zone. About 51Talk Online Education Group 51Talk Online Education Group (NYSE American: COE) is a global online education platform with core expertise in English education. The Company's mission is to make quality education accessible and affordable. The Company's online and mobile education platforms enable students to take live interactive English lessons, on demand. The Company connects its students with a large pool of highly qualified teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students. CONTACTS: 51Talk Online Education Group David ChungInvestor Relations Vice Presidentdavidchung@ Jinling WangInvestor Relations Managerwangjinling@ View original content: SOURCE 51Talk Online Education Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
25-05-2025
- Business
- Forbes
David Chung, The Visionary Behind Farmacy, The Rootist And ILabs, Talks Beauty Tariffs—And His Boldest Venture Yet
David Chung, founder and CEO of iLabs, headquartered in Mahwah, NJ, with global operations. When Modere, a 23-year-old health and wellness MLM, abruptly shut down on April 11, 2025, it left thousands of direct-selling distributors without income or warning. It reignited age-old questions about the viability of multi-level marketing models, as the Utah company joined a domino line of similar companies—like Beautycounter, Seint, Rodan + Fields, Epicure,—that have recently shuttered or quick-pivoted to affiliate marketing. Despite the fallout, serial beauty entrepreneur David Chung remains steadfast in his vision for Amare Global, a mental wellness and supplements company he acquired last year for an estimated $60 to $80 million. 'I wasn't actively looking to buy another company, but ... I looked into it and saw a lot of potential, despite the challenges.' His goal: to redefine what direct selling can be in beauty and wellness. 'I'm always hungry to grow and make a difference—not just financially, but by bringing value to society,' says Chung, a philanthropist and advocate for Korean-American and AAPI communities. Known for creating beloved brands like Farmacy Beauty and The Rootist, Chung is no stranger to innovation. With Amare Global, he sees an opportunity to essentially rebrand the MLM model—offering transparency, science-backed products, and a more sustainable path to income. 'My journey as an entrepreneur started from humble beginnings,' he reflects. David grew up in South Korea before moving to Queens, NY at age 11. His mother, Judith, opened a small cosmetics shop, which expanded into the Cici Korean Shopping Center. Chung witnessed how his mother's brick-and-mortar helped shape and build Koreatown in New York City. In honor of her, Chung created the Judith Ehm Foundation to support public charities that help Korean-Americans, Asian-Americans, and the broader community with education, social services, and healthcare. David Chung's mother, Judith Chungwon Ehm Chung, was one of the pioneers of Korea Town on 32nd Street in New York City, and a central figure in the Korean American community for decades. 'She passed on a mindset of perseverance and grit that still drives me today,' he says. By the age of 25, Chung opened his first business, Nova Imports, and became a distributor for luxury Italian designer Emilio Pucci. He soon expanded into beauty, launching retail stores like Mona's in New Jersey and Cosmetic World in California, which sold luxury skincare brands like Dior and La Prairie. In 2003, he created his own high-tech skincare line, 3LAB, which became a top seller at Barneys New York. To enhance product innovation, Chung founded Englewood Lab, a New Jersey-based R&D and manufacturing hub that served over 100 global brands, including L'Oréal and Clinique. In 2018, he sold a majority stake in Englewood Lab for $53.7 million, shifting focus to Farmacy, a clean skincare brand he had founded in 2015. Farmacy pioneered a 'farm to face' philosophy, using responsibly sourced ingredients and bypassing raw material vendors to work directly with farmers. 'We had to remove 80% of the ingredients and replace them with cleaner, natural materials,' Chung said. 'We launched with Sephora and never looked back. And it ended with a beautiful exit.' The brand's star product, Green Clean Makeup Meltaway Cleansing Balm, became a cult favorite. The company's rapid rise led to a reported $350 million acquisition by Procter & Gamble in 2021, according to the Korea Economic Daily. Building on that success, Chung in 2023 launched iLabs, a vertically integrated product development and manufacturing center in NJ serving both indie and global beauty brands. It offers R&D, formulations, and other turnkey contract manufacturing services for skin, body and hair brands. Its sprawling, state-of-the-art headquarters in New Jersey, employs his team of chemists, scientists and engineers. He later added Morae Packaging to offer sustainable packaging solutions. He then founded The Beauty Bank to incubate branding, digital marketing, PR and e-commerce operations for its brands. Today, Chung oversees nearly 1,000 employees across his portfolio of companies. The Beauty Bank developed branding for The Rootist, a haircare line focused on scalp health and sustainability, which launched exclusively with Sephora North America in February 2024. Its ultra-concentrated formulas minimize water and packaging waste. 'Most shampoos and conditioners contain 70 to 90% water,' Chung explains. 'That means unnecessarily large bottles and excessive plastic waste are moving around the world to landfills.' Chung's latest venture—his acquisition of Amare Global in January 2024—aims to leave a larger legacy. Founded in 2016 by Hiep Tran, Amare offers wellness supplements rooted in gut-brain axis research, a field that links gut health to emotional wellbeing. The challenge? Amare operates through a direct-sales model. But Chung is undeterred. He believes Amare represents the future of wellness—and of direct selling itself. Here he discusses how his vertically integrated iLabs ecosystem paired with his philosophy of grit and giving back is the perfect formula for rebranding and restructuring Amare. Before we discuss your latest venture, let's talk tariffs. How will the tariffs affect cosmetic manufacturing and packaging, and iLabs in particular? China has been hit harder than any other country, and if these tariffs stick around or get worse, it could make it nearly impossible for us to continue sourcing materials from there. That's especially challenging when it comes to packaging materials for beauty products, which is where we're feeling the most impact. This shift is opening new opportunities for iLabs. Luckily iLABs has manufacturing in both the U.S. and South Korea, which is a low tariff jurisdiction. Some of the skincare brands that used to manufacture abroad and ship to the U.S. are now reaching out to us to produce here instead. From a formula perspective, our R&D expertise allows us to help our customers switch out raw materials from China to low-tariff countries. We also have our own packaging company, Morae Packaging, so we directly manufacture glass and plastic components which avoids tariff uncertainty from China. So, while the situation isn't easy, it's also pushing us—and our partners—to be more agile. It gives iLabs the opportunity to step up as a go-to partner for brands that want to manufacture closer to home, move faster, and reduce risk in a changing global market. Let's move on to Amare. In a climate where MLMs are not welcomed with open arms, why did you choose to acquire Amare? I wasn't actively looking to buy another company, but one of my employees introduced me to Amare, which was facing a financial crisis. I looked into it and saw a lot of potential, despite the challenges. The company was mismanaged—financially and strategically—and had made some costly mistakes with a previous acquisition. But I knew that with my resources, experience, and the companies I've built, like iLabs and Rootist, I could turn it around. Within months of acquisition, we paid off debt and restructured operations. What's next for Amare? In 2025, Amare is on track for over $200 million in net sales. Our vision is to grow that to $1 billion within the next three years. We've already implemented key changes: a new management team and centralized operations for materials and manufacturing. Sales and marketing remain in Utah, but we're building operations in New Jersey. This isn't just another direct selling company. We're reshaping the future of direct sales into what we call Next Generation Marketing. Traditional MLM models are outdated. People learn about products on Instagram, TikTok, and YouTube, and live shopping platforms. Our sellers should be able to educate, promote, and earn income in real time and from a direct website or social platform. Its future is affiliate-driven and transparent. How does Amare address mental wellness issues? This category is broad and urgent—people are dealing with stress, sleep disorders, focus issues, and more. Amare's products, like Happy Juice and our cognitive support supplements, are grounded in clinical research and proven efficacy. But this business isn't just about supplements; it's a platform for total self-care: focus, sleep, emotional balance, and community. We currently have over 40,000 brand partners and around 50,000 active consumers. My goal is to equip our partners with the right tools—especially digital and video content—so they can educate others and share products authentically. Not every product is right for every person. Transparency matters. What's your long-term vision for Amare? There will be no private equity investors. I want to build something special without outsiders interfering with their quest for fast profits. I don't need fast profits because I have built a sustainable ecosystem of beauty R&D and manufacturing operations. I tell my team: don't obsess over profit. Focus on relationships, service, and reputation. For example, if an iLabs manufacturing client can't pay full on time, we still deliver our best service. That's how you build long-term trust and a premium brand. This is where many private equity firms fail. They look only at numbers and forget the people who made the business successful. That's how great companies like Beautycounter and Rodan+Fields have been damaged by private equity. The Rootist Densify Collection You are already known for Farmacy and The Rootist that have become bestsellers in Ulta and Sephora. Why take this risky move and acquire Amare? Farmacy was born out of a vision for clean beauty. It aligned with an emerging generation of consumers who cared about sustainable ingredients, and the planet. But Amare gives me something deeper—a chance to build a business while helping others. The Rootist was born from a similar idea—solving the root cause of hair issues with smart, waterless formulations. Why ship big bottles that are 80% water? We created compact, high-tech products and packages that actually deliver results. It's innovation with intention. You've been a leader for Asian-American communities long before the pandemic spurred the AAPI empowerment movement. After my mother passed away two years ago, I started Judith Ehm Foundation in her honor. It supports Korean-American communities and nonprofits globally. Amare also has its own nonprofit arm, Caring Hands, helping communities in Mexico, the Philippines, and beyond. Giving back is part of our DNA. With Amare now part of your portfolio of companies, what is next for you as a serial beauty entrepreneur? Keep evolving, keep innovating, and keep leading with purpose. I believe the next generation of beauty and wellness will be defined by authenticity, mental strength, and meaningful impact. This is my dream. This is my legacy. And I'm just getting started.
Yahoo
12-05-2025
- Business
- Yahoo
51Talk Online Education Group to Present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference May 15th
Company invites individual and institutional investors, as well as advisors and analysts, to attend online at SINGAPORE, May 12, 2025 (GLOBE NEWSWIRE) -- 51Talk Online Education Group (NYSE American: COE) based in Singapore, and focused on global online education, today announced that its Investor Relations Vice President David Chung will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on May 15, 2025. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors. DATE: May 15th TIME: 11:00 a.m. ESTLINK: REGISTER HERE This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates. Participation is free of charge. 51Talk Online Education Group: Fourth Quarter 2024 Financial and Operational Highlights Gross billings for the fourth quarter of 2024 were US$21.4 million, a 93.4% growth from the fourth quarter of 2023. Net revenues were US$16.2 million for the fourth quarter of 2024, a 117.3% increase from US$7.5 million for the fourth quarter of 2023. The number of active students with attended lesson consumption was approximately 74,200 in the fourth quarter of 2024, representing an 83.2% increase from approximately 40,500 for the fourth quarter of 2023. About 51Talk Online Education Group 51Talk Online Education Group (NYSE American: COE) is a global online education platform with core expertise in English education. The Company's mission is to make quality education accessible and affordable. The Company's online and mobile education platforms enable students to take live interactive English lessons, on demand. The Company connects its students with a large pool of highly qualified teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students. About Virtual Investor Conferences®Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. CONTACTS:51Talk Online Education Group David Chung Investor Relations Vice President Jinling Wang Investor Relations Manager wangjinling@ Virtual Investor Conferences John M. ViglottiSVP Corporate Services, Investor AccessOTC Markets Group (212) 220-2221johnv@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-02-2025
- Yahoo
Boyle Heights hit-and-run leaves pedestrian in critical condition
Police are searching for a hit-and-run driver who left a pedestrian in critical condition in Boyle Heights. On Feb. 5, the victim, a 49-year-old man, was crossing 1st Street, west of Fresno Street shortly before 9 p.m. As he crossed the road, an oncoming Honda Odyssey minivan struck the man, leaving him in critical condition. Surveillance footage from the Los Angeles Police Department showed the driver did not stop to check on the injured man and instead, continued speeding away. Paramedics transported the man to a local hospital where he remains in critical condition. The suspect's vehicle is a silver, older model (1999-2004) Honda Odyssey. A reward of up to $25,000 is available to anyone who provides information leading to the suspect's identification, apprehension and conviction. 'Drivers are reminded that if they become involved in a collision, they should pull over and stop as soon as it is safe to do so, notify emergency services, and remain at the scene to identify themselves,' LAPD said. Anyone with information on the incident is asked to contact LAPD Investigator David Chung at 213-486-0760 or e-mail 34458@ The public can also call the LAPD at 1-877-527-3247. Anonymous tips can be provided to L.A. Regional Crime Stoppers at 1-800-222-8477 or online at Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
