SinoPac Holdings Awarded at the Asia Responsible Enterprise Awards 2021 for Investment In People, Green Leadership, and Corporate Governance Categorie
Coway Achieves a Grand Slam at the World's Top 3 Design Awards
ADDX Expands China Footprint With US$200-million Agreement Linked To China's Offshore Investment Scheme
Kiatnakin Phatra-backed ADDX Expands China Footprint With US$200-million Agreement Linked To China's Offshore Investment Scheme
ADDX Expands China Footprint With US$200-million Agreement Linked To China's Offshore Investment Scheme
AlgoGroup acquires and launches three FMCG brands following fresh round of financing from Requina Capital
Metropolitan Premium Properties is listing the most expensive luxury penthouse currently in Dubai
MINISO Group Announces Acquisition of Remaining Stake in a Joint Venture for its Headquarters Building Project
Investment App MAKMUR Raises Seven-Digit Seed Funding to Advance Features and People Development
CP Kelco Extends Distribution Relationship with Azelis in Australia and New Zealand
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Ping An Voted Most Outstanding Company in China - Insurance Sector by Asiamoney for Fourth Year in a Row
HONG KONG and SHANGHAI, Sept. 24, 2021 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEX: 2318; SSE: 601318) announced that Ping An has been voted the Most Outstanding Company in China – Insurance Sector in the Asia's Outstanding Companies Poll 2021 by Asiamoney. This is the fourth consecutive year Ping An has won this title. The Asiamoney poll, covering 13 Asia Pacific capital markets, recognizes Asia's most outstanding listed companies in each market and sector in areas such as financial performance, management team excellence, investor relations and corporate social responsibility. This year, more than 1,070 fund managers, buy-side analysts, bankers and research analysts cast nearly 6,000 votes to select the 191 most outstanding listed companies. In 2021, Ping An continues to execute its "finance + technology" and "finance + ecosystem" strategies. It is pursuing high quality development, driven by the reform of Ping An Life and digital empowerment. The Group continues to explore innovative business models to strengthen its ecosystems in financial services, healthcare, auto services and smart city services. In the first half of 2021, Ping An achieved a 21.0% annualized operating ROE, with operating profit attributable to shareholders of the parent company rising 10.1% year-on-year to RMB81,836 million. Operating profit of the technology business for the first half of 2021 increased 14.2% year-on-year to RMB48,809 million. The Group will pay an interim dividend of RMB0.88 per share in cash, up 10.0% year on year. Ping An also continues to improve corporate governance and integrate the core philosophies and standards of Environmental, Social and Corporate Governance (ESG) into its corporate management. This year, Ping An adopted the best practices of global corporate governance, optimized the structure of the board of directors, and enhanced the independence and diversity of the board of directors. Among its 15 board members, approximately 53% have overseas working experience. All board members maintain a high level of professionalism and have extensive practical experience in key fields including corporate management, legal, investment, insurance, banking, finance and technology. Ping An actively supports decarbonizing the global economy. The Group announced a comprehensive upgrade of green finance activities in five areas: green company, green assets, green insurance, green public welfare and green technology. As of June 30, 2021, Ping An's total responsible investment amounted to nearly RMB1.21 trillion and the balance of green loans reached RMB57.1 billion. Ping An has pledged to increase its green investment and green credit to RMB400 billion and its green insurance to RMB250 billion by 2025. Ping An also aims to achieve carbon neutrality across the company's operations by 2030. In terms of social responsibility, Ping An continues to promote its Ping An Rural Communities Support Program. As of June 30, 2021, the Group provided RMB36.024 billion for poverty alleviation and industrial revitalization. Ping An said, "We thank the capital market for its recognition of our corporate governance, overall strategy, operating performance, shareholder returns and corporate social responsibility. We have enhanced our corporate governance structure and integrated financial business under the brand philosophy of 'Expertise makes life simple.' We are committed to providing customers with 'worry-free, time-saving and money-saving' integrated financial services. Ping An will continue to explore and adopt the best practices of leading global companies, and create sustainable value for our shareholders, employees, society and the environment." About Ping An GroupPing An Insurance (Group) Company of China, Ltd. ("Ping An") is a world-leading technology-powered retail financial services group. With over 223 million retail customers and 627 million internet users, Ping An is one of the largest financial services companies in the world. Ping An focuses on two over-arching domains of activity, "pan financial assets" and "pan health care", covering the provision of financial and health care services through our integrated financial services platform and our ecosystems; in financial services, health care, auto services and smart city services. Our "finance + technology" and "finance + ecosystem" transformation strategies aim to provide customers and internet users with innovative and simple products and services using technology. As China's first joint stock insurance company, Ping An is committed to upholding the highest standards of corporate reporting and corporate governance. The Group is listed on the stock exchanges in Hong Kong and Shanghai. Ping An ranked 6th in the Forbes Global 2000 list in 2021 and ranked 16th in the Fortune Global 500 list in 2021. Ping An also ranked 49th in the 2021 WPP Kantar Millward Brown BrandZTM Top 100 Most Valuable Global Brands list. For more information, please visit www.group.pingan.com and follow us on LinkedIn - PING AN. Related Links :http://www.group.pingan.com
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First Singapore Fintech Achieves International Recognition To Elevate Trust In Digital Payment
CubePay certified by TÜV SÜD in ISO/IEC 27001 and ISO/IEC 27701.SINGAPORE, Sept. 24, 2021 /PRNewswire/ -- Cube Payment Services Pte Ltd (CubePay), a leading digital payment financial technology company headquartered in Singapore, announced achieving both Information Security Management System (ISMS): ISO/IEC 27001 and Privacy Information Management System (PIMS): ISO/IEC 27701 certifications – a hallmark recognition for a first Singapore financial technology company to obtain the dual international certifications (please see footnote). These certifications mark another important milestone in CubePay's commitment to providing responsible innovation and trustworthy digital payment solutions to acquirers, merchants, and consumers. The ISO/IEC 27001 and ISO/IEC 27701 certificates were officially presented to CubePay in an event held at TÜV SÜD PSB Singapore on 24 September 2021. From left to right: Ms. Tan May Shan, Chief Operating Officer and Co-Founder, CubePay. Mr. Benjamin Chua, Chief Technology Officer and Co-Founder, CubePay. Mr. Clement Teo, Senior Vice President - Business Assurance (ASEAN), TÜV SÜD. Adding to Payment Card Industry's Data Security Standard (PCI-DSS) Level 1 accreditation since 2016, the newly attained ISO/IEC accreditations have enhanced CubePay's proactive cybersecurity strategy in risk management, threat prevention, and data privacy safeguard. Recent research shows the need to address rising cybercrimes as digital technology becomes deeply intertwined with businesses and consumer lifestyle choices: 94% of consumers in APAC are considering using emerging payment methods in 2021, and security concern is top of mind for consumers (Source: Mastercard). 38% of merchants report losing 6% or more of their revenue to payment fraud (Source: WorldPay). Singapore cybercrimes made up 43% of all crimes reported in 2020 (Source: Cyber Security Agency of Singapore). Mr Benjamin Chua, Chief Technology Officer and Co-Founder of CubePay, says, "As Singapore journeys to become a leading Smart City, borderless digital payment is increasingly becoming the preferred payment mode. Behind the scenes, we constantly update our cybersecurity strategy to meet the evolving threats. We have adopted ISO/IEC 27001 and ISO/IEC 27701 gold standards to assure our customers – We make no compromises when it concerns payment security and data privacy." Mr Clement Teo, Senior Vice President - Business Assurance (ASEAN) at TÜV SÜD PSB Singapore, says, "We congratulate CubePay on this major achievement, for being the first Fintech company in Singapore to attain both ISO/IEC 27001 and ISO/IEC 27701 accreditations with TÜV SÜD PSB Singapore. These accreditations will inspire greater trust among partners of CubePay's digital payment ecosystem." The ISO/IEC 27001 and ISO/IEC 27701 certificates were officially presented to CubePay in an event held at TÜV SÜD PSB Singapore on 24 September 2021. TÜV SÜD and CubePay have co-authored a case study on CubePay's accreditations, available at TÜV SÜD's website: https://www.tuvsud.com/en-sg/resource-centre/case-studies/cube-payment-services. About CubePay Cube Payment Services Pte Ltd (CubePay) is a privately-held Singapore-headquartered digital payment financial technology company. Since 2014, CubePay is a trusted partner in Singapore's digital payment ecosystem. It has forged long-standing partnerships with leading payment technology companies, networks, processors, acquirers, merchants. CubePay operates the RadiumOne Merchant Payment Platform that simplifies digital payment. More information: https://www.cubepayment.com. Issued by: CubePay MarketingEmail: press@cubepayment.com Footnote (1)CubePay is the first Singapore Fintech company to achieve ISO/IEC 27001 Information Security Management System (SAC) and ISO/IEC 27701 Privacy Information Management System (NABCB) accreditations by the Certification Body of TUV SUD PSB Singapore. APPENDIX NOTES TO EDITORS: About the Accreditations ISO (the International Organization for Standardization) and IEC (the International Electrotechnical Commission) form the specialized system for worldwide standardization. More information: www.iso.org. Information Security Management System certification (ISO/IEC 27001)More information:https://www.tuvsud.com/en-sg/services/auditing-and-system-certification/iso-27001 Privacy Information Management System certification (ISO/IEC 27701)More information:https://www.tuvsud.com/en-sg/services/auditing-and-system-certification/iso-27701 Source References https://www.mastercard.com/news/ap/en/newsroom/press-releases/en/2021/may/pandemic-alters-spending-habits-in-apac-drives-rapid-shift-to-emerging-payment-technologies/https://offers.worldpayglobal.com/rs/850-JOA-856/images/WDP_223_GPR_SURVEY_REPORT_FINAL.pdf?mkt_tok=ODUwLUpPQS04NTYAAAF99Q6zWA3LDJe4LgR_ht6JTcZVi3HMxG9CuPa4q0qZPPlEaXM0Bm_osdtXhcjKLCOVsMx_8tNK3VZydrjieW62guL04QcbF74LjnSAbuiSpDS7y-Uhttps://www.csa.gov.sg/News/Press-Releases/ransomware-incidents-online-scams-and-covid19-related-phishing-activities-dominated-cyber-landscape-in-2020 Related Links :https://www.cubepayment.com
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The 2021 Annual Conference on Multinational Corporations Investment in Guangdong will be held from 27th to 29th September
GUANGZHOU, China, Sept. 24, 2021 /PRNewswire/ -- The 2021 Annual Conference on Multinational Corporations Investment in Guangdong will be held from 27th to 29th September in Guangzhou, South China's Guangdong province, announced Department of Commerce of Guangdong Province, the organizer, on Thursday. It has been a new effort of the provincial government based on the previous investment conferences between Guangdong and US and between Guangdong and Europe. The annual meeting aims to promote the engagement of the MNCs to grow with the emerging Guangdong-Hong Kong-Macao Greater Bay Area and participate in the strategic development of Guangdong, according to the organizer. So far more than 200 entrepreneurs and senior executives of nearly 170 MNCs and international organizations -- from 16 countries and regions -- have confirmed to attend the conference. The corporations include a number of Fortune Global 500 companies, such as Siemens, Panasonic, GE, ExxonMobil, P&G, Hyundai, Johnson & Johnson, Mitsubishi Shoji and Sanofi. During the three-day conference, the provincial government will officially issue the measures to encourage the MNCs to set up their Chinese or regional headquarters in Guangdong. Attracted by the "powerful supporting measures", an increasing number of MNCs are expected to invest in Guangdong in the next few years, thriving the headquarters economy as a result, said the organizer. Department of Commerce of Guangdong will announce 22 celebrities, from economic and commercial circles home and abroad, to be the province's first group of Global Investment Advisers during the conference. Together with the provincial government, the advisers will promote the business environment of Guangdong, convey the business information to the global community and attract top projects and talents across the globe to invest and settle in the province, said the organizer. Guangdong has been a major destination for foreign investment in China. Totally 350 out of the Fortune Global 500 companies of 2019 had funded nearly 2,400 subsidiaries in Guangdong by the end of 2020, with registered capital surpassing $180.7 billion accumulatively, show the official figures. To better serve the investors, the provincial government will publicize visual investment maps for 20 strategic industrial clusters of Guangdong, containing the information including the industrial data, major industrial parks, leading companies, relevant policies, contacts and business environment. Besides, the participants will be accessible to 7 field trips to a couple of cities in Guangdong and 9 forums during the conference.
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JULO Launches Complete Features of Digital Credit, Empowers Indonesia to Live Your Life
JAKARTA, Indonesia, Sept. 24, 2021 /PRNewswire/ -- Established in Indonesia as technology company, PT. JULO Teknologi Finansial (JULO) launches digital credit with comprehensive features including cash and non-cash transactions. The official launch of JULO Digital Credit is being introduced through "Hidupkan Hidupmu" (Live your Life) campaign that empowers Indonesia to live their life to the fullest with JULO Digital Credit. As a fully licensed peer-to-peer lending player, JULO is committed to providing credit access to millions of consumers across Indonesia and driving financial inclusion in the country. Indonesian Fintech JULO launches complete features of digital credit to encourage empowerment through financial stability With the launch of JULO digital credit, users can utilize their - up to 15 million IDR (1 thousand dollar USD) - limit for various transactions, including fund withdrawal, fund transfer, phone credit top up, utilities bill payment, e-wallet top-up, e-commerce and QRIS payment. Latest JULO feature QRIS (Quick Response Indonesia Standard) enables users to transact at any of 8 million QRIS enabled merchants nationwide. In addition, with the low interest rate from 0.1% per day, users will be able to manage cashflow and fulfill their financial needs easily from their smartphone. JULO's CEO & Co-founder, Adrianus Hitijahubessy states, "JULO product transformation is designed to cater digital transactions easily on top of the regular cash loan. We believe JULO digital credit would not only provide financial access to Indonesians but also empower them to increase their quality of life." "This year, we've seen significant increases in consumer demand as we record more than 100% growth in disbursement from the year of 2020 year to date," adds Adrianus Hitijahubessy. Puri, one of JULO users, admits that JULO has been helping her in fulfilling her essential needs. "I use the JULO fund withdrawal feature to fulfill my needs. Moreover, it has been such a breeze in the process," explains Puri. Ariyanto, another JULO user says, "The digital credit has really helped me to step up during this hardship. I can buy some necessities with it." Beside launching the new JULO credit digital, JULO encourages Indonesians to be empowered in achieving life goals. The empowerment project started by inviting audiences to share their salutation to their surroundings on social media. This invitation is well appreciated by the public with more than 100 participants taking part in this campaign and posting their salutes across platforms. One of the participant @dr**ny gave her salutation to teachers and tweeted "Salute to teachers who take online teaching to a whole new level. You guys are my inspiration. #HidupkanHidupmu (#LiveYourLife)". Head of Marketing JULO, Mikhal Anindita states, "It's great to see the enthusiasm and participation in Hidupkan Hidupmu campaign. Through this campaign, JULO wants to share appreciation to everyone who aspires to move forward and fulfill their life. In this unideal pandemic period, we really need the positive vibes to empower ourselves to conquer life challenges that we face." As one of the biggest developing countries worldwide, the 40% financial literacy rate in Indonesia has become a challenge to financial practitioners (OJK Financial Literacy Survey, 2020). One of the renowned financial literacy platforms, Overheard Keuangan shares his agreement. "Majority of Indonesians have a lack of understanding in utilizing credit facilities. Many of them were trapped into consumptive habits. In reality credit facilities can be beneficial when used wisely where it could eventually stimulate Indonesia economic growth altogether. My salute goes to JULO who is committed to boost financial literacy besides doing its business." adds the content creator. To date, 70% of JULO digital credit loans have been used for life improvement, such as business capital, house renovation, healthcare and education purposes. JULO believes product transformation to digital credit combined with continuous financial education would enable customers to use the digital credit product effectively and eventually customers could empower themselves to live their life to the fullest. About JULO JULO is a digital credit company that is revolutionizing access to financial products for millions of emerging consumers in Indonesia. The company has developed the first digital data-driven credit underwriting and risk assessment platform to process consumer credit applications and determine their creditworthiness using its mobile app. Founded at the end of 2016, JULO has expanded nationwide. JULO is based in Jakarta and is backed by leading venture capital firms. JULO has been officially licensed as the provider under OJK circulation No KEP-16/D.05/2020 on 19 May 2020. JULO has been downloaded by more than 5 million users and facilitated credit access to hundreds of thousands of customers. JULO has won several awards namely; Winner of Indonesia Fintech Festival (2016), Winner of UN Fintech Challenge (2018), and Winner of Inclusive Fintech 50 (2019). For more information, please visit https://www.julo.co.id Related Links :https://www.julo.co.id/
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Pasternack Launches New Series of Mechanically Tunable Waveguide Gunn Diode Oscillators
New Oscillators Cover WR-90, WR-42 and WR-28 Waveguide Sizes and Support X, K and Ka Bands IRVINE, Calif., Sept. 24, 2021 /PRNewswire/ -- Pasternack, an Infinite Electronics brand and a leading provider of RF, microwave and millimeter wave products, has released a new line of waveguide Gunn diode oscillators that are ideal for electronic warfare, electronic countermeasures, microwave radio systems, military and commercial communications systems and more. pe waveguide gunn diode oscillators Pasternack's new mechanically tunable waveguide Gunn diode oscillators cover WR-90, WR-42 and WR-28 waveguide sizes and support X, K and Ka bands. All models in this line operate at 50 ohms and incorporate a mechanical tuning screw to fine tune the output frequency for specific applications. They deliver output power levels up to +18.5 dBm typical and utilize Indium Phosphide (InP) Gunn diodes that yield higher output power, higher efficiency and lower AM noise than GaAs counterparts. These waveguide Gunn diode oscillators feature compact package designs that are highly reliable and designed to meet MIL-STD-202 test conditions for shock, vibration, altitude and humidity. They are available in rugged compact package designs with operational temperature ranges from -40°C to +85°C. "Our new lineup of waveguide Gunn diode oscillators is truly innovative with desirable waveguide sizes covering popular frequency bands and utilizing InP semiconductor technology that yields higher output power with higher efficiency and lower AM noise. Plus, these models are available in-stock with no MOQ," said Tim Galla, Product Line Manager. Pasternack's new waveguide Gunn diode oscillators are in-stock and available for immediate shipment. For inquiries, Pasternack can be contacted at +1-949-261-1920. About Pasternack:A leader in RF products since 1972, Pasternack is an ISO 9001:2015 certified manufacturer and supplier offering the industry's largest selection of active and passive RF, microwave, and millimeter wave products available for same-day shipping. Pasternack is an Infinite Electronics brand. About Infinite Electronics:Based in Irvine, Calif., Infinite Electronics offers a broad range of components, assemblies and wired/wireless connectivity solutions, serving the aerospace/defense, industrial, government, consumer electronics, instrumentation, medical and telecommunications markets. Infinite's brands include Pasternack, Fairview Microwave, L-com, MilesTek, ShowMeCables, NavePoint, INC Installs, Integra Optics, PolyPhaser, Transtector, KP Performance Antennas, RadioWaves & Aiconics. Infinite Electronics serves a global engineering customer base with deep technical expertise and support, with one of the broadest inventories of products available for immediate shipment. Press Contact: Peter McNeil Pasternack 17792 Fitch Irvine, Calif. 92614 (978) 682-6936
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Manulife appoints Pankaj Banerjee as new Chief Distribution Officer, Asia
HONG KONG, Sept. 24, 2021 /PRNewswire/ -- Manulife today announced the appointment of Pankaj Banerjee as its new Chief Distribution Officer, Asia. His appointment is effective 24 September 2021. Pankaj Banerjee, Chief Distribution Officer, Asia, Manulife Pankaj joins Manulife's Asia Division Executive Committee reporting to Anil Wadhwani, President & CEO, Asia. He will also be a member of the company's Global Leadership Team. Pankaj will be responsible for growing, developing, and digitising Manulife's agency force across its Asia markets. He will also focus on further strengthening Manulife's bancassurance capabilities, while driving the adoption of digital channels and tools. He succeeds Vibha Coburn, who currently serves as CEO of Manulife Malaysia. Pankaj brings over 20 years of experience in the insurance industry across Asia. He joins Manulife from AIA, where he most recently served as CEO, Group Partnership Distribution, covering all markets of AIA Group. Pankaj was previously CEO of AIA Sri Lanka, where he led various business transformation initiatives, including the development of a full-time quality agency model. Before AIA, Pankaj was with Prudential for nearly 10 years working across Southeast Asia, including serving as the founding CEO of Prudential Cambodia. "Pankaj is highly regarded in the insurance industry for his work on expanding and deepening distribution, while driving solid results," said Wadhwani. "His vast experience will help further progress our digitisation and growth ambitions within our agency force and bancassurance partnerships across Asia, fulfilling our commitment to make the lives of millions more customers every day better." About Manulife Manulife Financial Corporation is a leading international financial services provider that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and our global wealth and asset management segment, Manulife Investment Management, serves individuals, institutions and retirement plan members worldwide. At the end of 2020, we had more than 37,000 employees, over 118,000 agents, and thousands of distribution partners, serving over 30 million customers. As of June 30, 2021, we had CAD$1.3 trillion (US$1.1 trillion) in assets under management and administration, and in the previous 12 months we made $31.3 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 155 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong. Contacts Augustine Kwan (Media Relations)Manulife+852 6772 8037Augustine_Kwan@Manulife.com Eileen Tam (Investor Relations)Manulife+852 9030 5618Eileen_Tam@Manulife.com
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Dominica's Climate Agency to Develop Comprehensive Database to Strengthen Small Businesses
LONDON, Sept. 24, 2021 /PRNewswire/ -- In a feat to diligently bolster the region's economy, the Climate Resilience Execution Agency for Dominica (CREAD) is working to create a landmark database to help more than 8,000 small businesses. The database aims to offer key analytical tools for assessing and enhancing the performance of MSMEs, mobilising support for the sector to increase capabilities, access to finance, and providing an improved structure. Established shortly after Hurricane Maria, CREAD intends to streamline the government's commitment to incorporating resilience in various sectors like micro, small and medium enterprises (MSME) in Dominica. CREAD's MSME Business Advisor, Elijah Leblanc, began creating the database along with an in-depth MSME Database Project Survey to help provide targeted interventions to benefit the sector, especially after seeing the economic impact of the COVID-19 pandemic. "Micro, small and medium enterprises (MSME) of Dominica are one of the key drivers of economic growth while contributing to productivity, employment and innovation; therefore, [CREAD] must encourage and strengthen the resilience of a sector which contributes significantly to the country's GDP," sited the Climate Agency. Already sharing CREAD's vision, the Prime Minister of Dominica, Hon. Roosevelt Skerrit said, "We are well aware of the potential contribution for growth of these small businesses, and their contribution to household income and the economy. Therefore, we continue to create the enabling environment to facilitate the expansion of the small business subsector," in his 2021-2022 budget address. Recognising the importance of Dominica's MSMEs within the context of the Climate Resilience and Recovery Plan (CRRP) is an essential venture for CREAD as one of its goals remains a 5 percent sustainable and inclusive economic growth by 2030. One of the key supporters of this revelation is Dominica's Citizenship by Investment (CBI) Programme. After Hurricane Maria, the Programme was instrumental in the nation's swift recovery and has funded significant resilience projects on the island. The Programme entirely finances the construction of thousands of climate-resilient homes, supports the ongoing construction of a geothermal plant and endorses the country's ecotourism sector. Introduced in 1993 and ranked the best in the world, Dominica's CBI Programme provides vetted high net worth individuals and their families a route to second citizenship after investing in the Economic Diversification Fund or buying into selected real estate options. After undergoing meticulous security checks, successful applicants gain access to increased global mobility to over 140 countries and territories, alternative business routes and the chance to pass down citizenship for generations to come. Contact:pr@csglobalpartners.comwww.csglobalpartners.com
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Bears have upper hand in the short term, but long-term uptrend remains intact, says Kalkine Media
SYDNEY, Sept. 24, 2021 /PRNewswire/ -- The year 2021 has been a great one, with global markets continuing their one-sided rally towards all-time highs. The S&P/ASX 200 also marked its lifetime high of 7,632.8 on 13 August 2021, delivering a year-to-date (YTD) return of 10.78%. Bears have upper hand in the short term, but long-term uptrend remains intact, says Kalkine Media The major constituents of the index have had a major role in contributing to this bull run. Australia's largest miner, BHP Group had rallied 25.56% to AU$54.55 this year, on the back of escalating iron-ore prices. However, the recent softening of iron ore prices has eaten away its entire YTD return. Rio Tinto has also seen a sharp dip lately, eroding its peak YTD return of 20.64% to -11.14%. The big four banks – CBA, WBC, NAB and ANZ – are still holding onto their strong YTD returns of 21.35%, 28.6%, 19.07% and 19.34%, respectively. *Note: The referenced data in this report has been sourced from REFINITIV. Price information as on 23 September 2021. Is the market overbought now? 144 stocks in the ASX200 index are holding their ground with a positive YTD return, while only 56 stocks have fallen this year. Trend analysis of the broader market suggests a tough fight between bulls and bears, with respect to their relative momentum compared to their simple moving average. A total of 99 constituents of the S&P/ASX 200 are trading above their 60-day average, out of which 71 are above their short-term 30-day average. While, 129 stocks are trading below 30-day average, out of which and 101 are below their 60-day average. Kalkine believes that the long-term trend analysis is still weighted towards bulls. Of the 200 constituents of the S&P/ASX200, 129, i.e., 64.5% of the pack are comfortably trading above their 200-day moving average, which is considered to the be the "line of control" for bulls and bears. The remaining 71 stocks are trading in the bear's territory. Based on the way the short term and long-term momentum are set up, bulls might seem to be in control from a long-term perspective, but the short-term momentum is turning in bear's favour. Kalkine Media's research aims to analyze and understand the stock markets and its underlying risks and rewards. (www.kalkinemedia.com). Contact Details: honey.bhargava@kalkinepr.comRelated Links :https://kalkinemedia.com
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FWD Group Holdings Limited announces filing of registration statement for proposed initial public offering
HONG KONG, Sept. 24, 2021 /PRNewswire/ -- FWD Group Holdings Limited ("FWD Group"), a fast-growing and leading pan-Asian life insurer, today announced that it has filed a registration statement on Form F-1 (the "Registration Statement") with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of American depositary shares ("ADSs"), representing Class A ordinary shares of FWD Group. The number of ADSs to be offered and the price range for the proposed offering have not yet been determined. FWD Group has applied to list its ADSs on the New York Stock Exchange under the symbol "FWD." Morgan Stanley & Co. LLC, Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC, HSBC Securities (USA) Inc. and CMB International Capital Limited are serving as representatives of the underwriters and joint book-running managers for the proposed offering. The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from any of the following sources: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 2nd Floor, 180 Varick Street, New York, New York 10014, United States, by telephone at +1 (917) 606-8487. Goldman Sachs (Asia) L.L.C., Attention: Prospectus Department, 200 West Street, New York, New York 10282, United States, by telephone at +1 (212) 902-1171 or by email at prospectus-ny@ny.email.gs.com. J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, United States, by telephone at +1 (866) 803-9204. HSBC Securities (USA) Inc., 452 Fifth Avenue, New York, NY 10018, United States, by telephone at +1 (877) 429-7459 or by email at ny.equity.syndicate@us.hsbc.com. CMB International Capital Limited, 45th Floor, Champion Tower, 3 Garden Road, Central, Hong Kong, by telephone at +852-3761-8753. The Registration Statement relating to the proposed sale of these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy these securities be accepted, prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. About FWD Group FWD Group is a pan-Asian life insurance business with approximately 10 million customers across 10 markets, including some of the fastest growing insurance markets in the world. Established in 2013, FWD is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD is committed to changing the way people feel about insurance. For more information please visit www.fwd.com
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FP Markets has been crowned 'Best Global Value Forex Broker' and 'Best Trading Experience in the EU' at the Global Forex Awards 20
Traders voted FP Markets 'Best Global Value Broker' for the THIRD consecutive year, and FP Markets also scooped the 'Best Forex Trading Experience Award in the EU' for 2021 LIMASSOL, Cyprus, Sept. 24, 2021 /PRNewswire/ -- FP Markets has been awarded the "Best Global Value Forex Broker" and "Best Forex Trading Experience in the EU" at the Global Forex Awards 2021. FP Markets has been crowned "Best Global Value Forex Broker" and "Best Trading Experience in the EU" at the Global Forex Awards 2021 The Global Forex Awards 2021 is celebrating its 4th edition as an international award ceremony rewarding forex retail businesses both globally and regionally and champions cutting-edge technology, low-cost trading, comprehensive market research tools, advanced educational programs, and world-class customer service for direct to consumer/trader businesses. FP Markets' Head of Europe, Middle-East and Africa, Craig Allison, hailed the victory: "For the third consecutive year, FP Markets has been voted the 'Best Global Value Forex Broker' proving that our commitment to providing superior trading experiences for our customers is paying off. Picking up the 'Best Forex Trading Experience in the EU' for the first time is also an honour, and being appreciated by new traders around the world shows that we are heading in the right direction and demonstrates that FP Markets is increasingly recognized globally as the best destination for clients for overall trading experience given our market-leading tight spreads and award-winning fast execution. The appreciation from our own traders is doubly satisfying as we continue to strive to improve FP Markets' products and services." FP Markets offers over 10,000 trading instruments offering traders access to CFDs across Forex, Indices, Commodities, Stocks, and Cryptocurrencies, making it one of the largest offerings in the industry and offers eight platforms, including MT4, MT5 and Iress. Over the past 16 years, FP Markets has learned that the combination of consistently tight spreads and fast execution, coupled with cutting-edge platforms, a wide product range, and first-rate customer support are the key ingredients that give serious traders the confidence to trade. Since the year of its establishment in 2005, Australia's Best Forex Broker 2020 continues to expand its product offering, giving traders the ability to trade under some of the best trading conditions in the industry. Notes to Editors About FP Markets: FP Markets is an Australian-regulated global Forex Broker with more than 16 years of industry experience. FP Markets offers highly competitive interbank Forex spreads available from 0.0 pips and leverage up to 500:1*. Download FP Markets' Mobile App and trade on-the-go across several powerful online platforms like MetaTrader4, MetaTrader5, WebTrader, and IRESS. The company's outstanding 24/5 multilingual service has been recognized by Investment Trends as home to some of the most content clients in the industry, having been awarded "The Highest Overall Client Satisfaction Award" five years running from Investment Trends. FP Markets has been awarded the "Global Forex Value Broker" in three consecutive years (2019, 2020, 2021) at the Global Forex Awards. For full details of our wide-ranging offering, visit https://www.fpmarkets.com. Related Links :https://www.fpmarkets.com
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Sohu Announces Completion of Sale of Sogou Shares
BEIJING, Sept. 24, 2021 /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU) ("Sohu" or the "Company"), China's leading online media, video and gaming business group, today announced the completion of the transaction contemplated by the Share Purchase Agreement, dated September 29, 2020 and amended on December 1, 2020 and further amended on July 19, 2021, by and among the Company, the Company's indirect wholly-owned subsidiary Sohu.com (Search) Limited ("Sohu Search"), and TitanSupernova Limited ("Parent"), an indirect wholly-owned subsidiary of Tencent Holdings Limited ("Tencent"), in which Sohu Search sold all of the Class A ordinary shares, par value $0.001 per share, of Sogou Inc. (NYSE: SOGO)("Sogou") and Class B ordinary shares, par value $0.001 per share, of Sogou owned by Sohu Search to Parent at a purchase price of $9.00 per share (the "Sohu/Tencent Sogou Share Purchase"). Sohu received gross consideration of approximately $1.18 billion in cash from the Sohu/Tencent Sogou Share Purchase, and no longer has any ownership interest in Sogou. As previously announced, Sogou is a party to a definitive Agreement and Plan of Merger, dated September 29, 2020 and amended on December 1, 2020 and further amended on July 19, 2021 (as so amended, the "Sogou Merger Agreement"), by and among Sogou, Parent, and two other wholly-owned subsidiaries of Tencent, THL A21 Limited and Tencent Mobility Limited. Pursuant to the Sogou Merger Agreement, Parent was merged with and into Sogou (the "Sogou Merger"), with Sogou continuing as the surviving company, effective shortly after the completion of the Sohu/Tencent Sogou Share Purchase. The Sohu/Tencent Sogou Share Purchase and the Sogou Merger resulted in Sogou becoming a privately–held company wholly-owned indirectly by Tencent. Safe Harbor Statement This announcement includes statements that constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. Statements that are not historical facts, including statements about Sohu's and Sohu management's beliefs and expectations are forward-looking statements. Any such statements are based on current plans, estimates, and projections, which involve inherent risks and uncertainties. The Company cautions you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. The Company does not undertake any obligation to update any forward-looking statement or other information included in this press release, except as may be required by applicable law. About Sohu.com Limited Sohu.com Limited (NASDAQ: SOHU) is China's premier online brand and indispensable to the daily life of millions of Chinese, providing a network of web properties and community based/web 2.0 products which offer the vast Sohu user community a broad array of choices regarding information, entertainment and communication. Sohu has built one of the most comprehensive matrices of Chinese language web properties, consisting of the mass portal and leading online media destination www.sohu.com; developer and operator of online games www.changyou.com/en/; and online video website tv.sohu.com. Sohu's corporate services consist of online brand advertising on Sohu's matrix of websites. Sohu also provides multiple news and information services on mobile platforms, including Sohu News App and the mobile news portal m.sohu.com. Sohu's online game subsidiary Changyou develops and operates a diverse portfolio of PC and mobile games, such as Tian Long Ba Bu ("TLBB"), one of the most popular PC games in China. Changyou also owns and operates the 17173.com Website, a game information portal in China. Sohu, established by Dr. Charles Zhang, one of China's internet pioneers, is in its twenty-fifth year of operation. For investor and media inquiries, please contact: In China: Ms. Pu Huang Sohu.com Limited Tel: +86 (10) 6272-6645 E-mail: ir@contact.sohu.com In the United States: Ms. Linda Bergkamp Christensen Tel: +1 (480) 614-3004 E-mail: lbergkamp@christensenir.com
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SPDB and Huawei Launch the SPDB Finwarehouse, Incorporating Digital Finance into Warehousing
SHENZHEN, China, Sept. 23, 2021 /PRNewswire/ -- Shanghai Pudong Development Bank (SPD Bank) and Huawei presented the SPDB Finwarehouse Solution at HUAWEI CONNECT 2021. The solution is one of the biggest milestones in joint innovation for financial digitalization. It is also a step towards consolidating the Bank of Things, as the solution uses IoT to secure movable property pledges, making every object identifiable, every alarm traceable, and every item trustworthy. Last year, SPD Bank and Huawei released the Bank of Things White Paper, which proposes a new financial services model and system. Following this, SPD Bank began to apply innovative digital technologies to promote the Bank of Things, partnering with Huawei to "dive into digital". SPDB Finwarehouse is one of the important initiatives that has resulted from this partnership and direction. The solution is designed for industrial supply chains and is an innovative way to manage pledges for movable warehousing properties. Previously an area of financial services that wasn't seeing extensive digitalization, movable properties represent an innovation market space worth billions of yuan. SPDB Finwarehouse: Secure and Easy Management of Movable Properties Often, movable properties are subject to several risks. For example, ownership may not be clear, so property is pledged several times. At the same time, supervision companies may not always be completely ethical, which is why adulteration is likely to occur. Even if supervision is precise, it is costly without digital means. And without a disposal platform, goods are difficult to monetize. In response to these issues, SPD Bank has designed a more precise and trustworthy solution. SPDB Finwarehouse uses RFID, weighing devices, and blockchain PDA devices to record objective information directly at the warehouse. Inbound goods are matched with financing and lending, while outbound goods are linked with repayment. This makes goods supervision a lot easier and more effective. The solution also helps accurately determine the value of goods. It integrates verified trade, perception, and market information, and uses it to determine ownership, valuation, and efficient disposal. Essentially, logistics, commercial, capital, and information flows become centralized, providing the necessary data to properly valuate movable assets. Both upstream and downstream enterprises can now access accurate financial services, which cover the entirety of the supply chain. Illustration: SPDB Finwarehouse: Trustworthy, manageable, and easy-to-dispose movable properties Trustworthy Asset Pool Powered by Smart IoT Logistics and warehouses frequently use digital technologies. As such, Huawei and SPD Bank are deploying intelligent IoT devices at warehouses along with introducing AI capabilities and multi-dimensional data verification. This transforms regular warehouses into financial ones, integrating financial services into management and business processes. Based on the HUAWEI CLOUD platform, SPDB Finwarehouse makes every object identifiable, every alarm traceable, and every item trustworthy. The solution features the following technologies: Distributed RFID positions objects within meters, takes stock automatically, and tracks items in real time. With Pangu models, most models can be reused, reducing the number of samples required for training and shortening the project development period. The Huawei IoT platform implements GUI-assisted modeling, flexibly defines and builds models, and centrally manages them. It cross-validates data through digital twin technology, and performs comprehensive risk analysis on the goods, processes, personnel, and environment of the warehouse. Monitoring Center Ensures Authenticity of Inbound Goods In the SPDB Finwarehouse Monitoring Center, operators can easily verify the authenticity of inbound goods. They can count cargo stacks through Pangu models and verify them using the scanning code, weight data, and trade background data. "SPDB Finwarehouse is a pilot digital finance project. We have performed an in-depth evaluation on the needs of the enterprise service market. Now, we need to continue looking for ways to transform our business logic and rebuild our technical capabilities in order to keep up digitalization." — said by Mr. Chen Haining, GM of the IT Department at SPD Bank. He added, "By integrating digital technologies into industries, we can use digital capabilities to drill down into the supply chain scenarios of various real economy industries. SPD Bank looks forward to working with Huawei to integrate finance with the real economy." In a world where everything is connected, new scenarios and business models will continue to emerge. "Huawei and SPD Bank will continue to innovate, providing leading technology products and full-stack cloud infrastructure solutions for digital finance upgrades. We will use technology innovation for faster financial services upgrades, working together to further interconnect industries with tailored financial innovation." — said by Mr. Jason Cao, President of Global Financial Business Unit, Huawei Enterprise BG, "Huawei has contributed its full-stack technologies to work on SPDB Finwarehouse with SPD Bank. With our customers, we are diving into digital and promoting the upgrade of digital finance. We hope to drive the real economy forward with the power of finance. Huawei is committed to helping financial institutions as they constantly upgrade their agility, intelligence, industry services, and ecosystem construction. We are helping financial institutions along their digital transformation journey and building a fully connected, intelligent, and ecosystem-based finance industry together." SPD Bank and Huawei set up a joint innovation lab in 2018, which has led to several successful projects. In August 2020, they signed a comprehensive strategic cooperation agreement, and together published The Bank of Things White Paper — a major milestone. SPD Bank will focus on user experience, apply digital technologies, and innovate with industries such as retail, communications, transportation, and healthcare, to boost the digital economy. In a world where everything is connected, finance, technology, and industry will be closely linked. Huawei and SPD Bank are drawing on the power of cloud-based FinTech to serve the community, enable customers, and create new industry value. Huawei hosts HUAWEI CONNECT 2021 online from September 23 to October 31. The theme of this year's event is Dive into Digital. We're going to dive deep into the practical application of technologies like cloud, AI, and 5G in all industries, and how they can make organizations of all shapes and sizes more efficient, more versatile, and ultimately more resilient as we move towards economic recovery. For more information, please contact our local team or check out https://www.huawei.com/en/events/huaweiconnect Related Links :http://www.huawei.com/cn
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Newmark Global Corporate Services Sets Course for Global Growth with International Leadership Team
Newmark's strategy to create superior corporate service solutions is continuing apace with international hires of CRE veterans, each with expertise of pivoting client property portfolios to accelerate business performance NEW YORK, Sept. 23, 2021 /PRNewswire/ -- Newmark Group, Inc., headquartered in the U.S., announces the expansion of its Global Corporate Services business under the stewardship of a highly-seasoned international leadership team – part of the company's broader strategy to offer unrivalled real estate solutions to clients in key regions throughout the world. Newmark's Global Corporate Services (GCS) group has experienced an intensive growth period. In 2021, GCS has added over a dozen new senior experts, including Chief Executive Officer Richard Bertasi in New York City, and earned 231 new business assignments from 195 discrete clients in the first half of the year alone. As Newmark has invested in its global expansion through hiring and acquisitions, it has increased its international footprint, including the recent addition of Knotel, a global flexible workspace provider. The growth of Newmark GCS strengthens its suite of services, which dynamic businesses increasingly require, including global and regional portfolio strategies; lease administration; project management; facilities management; workplace strategies; human experience and culture development; emerging technology solutions; and safety and wellness programs—particularly in response to the COVID-19 crisis. Joining Bertasi on the GCS leadership team are five top commercial real estate veterans, each of whom bring extensive expertise from working at the forefront of corporate real estate, across the U.S. Europe and Asia-Pacific markets: Michael Runicles – Chief Operating Officer, Global Corporate Services, based in Singapore Runicles specializes in complex global partnerships, having partnered with the world's leading companies across 105 countries to create business solutions, adopt new technologies, products and services. He joins Newmark GCS as COO after a role with CBRE Global Workplace Solutions, where he sat on the company's executive board for 15 years, most recently as COO Asia Pacific leading the Real Estate Advisory, Project Management and Facility Management business. Previously, Runicles launched Johnson Controls' first global market unit to serve the technology and industrial sectors. Luis Morejon – Global Lead Facilities Management, Global Corporate Services, based in California, U.S.Morejon will lead facilities management services for Newmark GCS, leveraging over 18 years of international experience as a senior executive for corporate real estate and facilities management across Europe, Asia, and the Americas. Through his roles with Bank of the West-BNP Paribas and Deutsche Bank Corporate Real Estate and Services (CRES), Morejon has generated multi-million-dollar cost efficiencies through portfolio optimization initiatives for retail and corporate properties. Amy O'Brien, Senior HR Business Partner, Global Corporate Services, based in North Carolina, U.S.O'Brien joins Newmark GCS as Senior HR Business Partner to help GCS people and operations thrive globally. She previously held national and regional leadership roles at JLL, including as Vice President of Sourcing and Partnerships, where she provided program leadership of all sourcing, partnership, and growth objectives for an e-commerce platform. O'Brien also served in regional leadership roles for sourcing and procurement, and was responsible for hiring, onboarding and training new employees. Hannah Fisch - Senior Director, Operations, Global Corporate Services, based in New York, U.S.A seasoned operations leader, Fisch joins Newmark GCS as Senior Director, Operations, and as a software product owner for global flexible workspace options. With over a decade of experience across sectors and international organizations, she is skilled at developing and scaling processes, leveraging data to inform strategic decision making, and launching products to market. Fisch is multilingual and has proven cultural insights to help GCS expand its global operations. Chris Van Hoeymissen - Executive Managing Director, GCS Corporate Development, based in Brussels, Belguim Van Hoeymissen will serve as Executive Managing Director, GCS Corporate Development after working in senior management roles during key transition periods at Morgan Stanley, Cushman and Wakefield, and Deutsche Bank. For over two decades, he has worked to deliver operational excellence and complex change programs, including his governance of Deutsche Bank's global outsourcing process. Other recent additions to the GCS leadership team include Garrett Cannon, Co-Head of Information and Technology, previously Head of Real Estate and Asset Management for Bridgewater Associates, and Nicole Holder, Client Services Controller, leading Client Finance & Accounting, a proven expert in real estate and investment management. Holder led the structure and operationalization of the international legal entities for Newmark, and prior to joining Newmark was the Controller at BloombergSen. Additionally, in recent months, GCS has added senior hires and industry veterans: Marisa Austin, Jessica Baldassare, Tania Chaplin, Jack Conway, Will Epperson, Michael Hall, Daniel Leonardi, Jason Linn and Gus Poulopoulos to bolster expert talent in the areas of operations, procurement and communications. "Our differentiated strategy of designing solutions for each individual client is backed by Newmark's unconstrained commitment to investing in superior services on a global scale," said Newmark GCS Chief Executive Officer Rick Bertasi. "We are assembling a world-class team with the skills, experience and capabilities to help clients pivot property portfolios and flex space to compete in their chosen markets. Particularly as businesses contemplate their headquarters, satellite and remote office strategies, our ability to provide multi-faceted advisory to address increasingly complex business challenges, from strategy to workplace design to workforce enablement, is what the market is demanding." About Newmark Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Our comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, growing startups to leading companies. Newmark generated revenues in excess of $2.2 billion, over the trailing twelve months ending June 30, 2021. To learn more, visit nmrk.com or follow @newmark. Discussion of Forward-Looking Statements about NewmarkStatements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K. Related Links :https://www.nmrk.com/
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Dogness Expands Intelligent Pet-Tech Products Lines on Boqii
DONGGUAN, China, Sept. 23, 2021 /PRNewswire/ -- Dogness (International) Corporation ("Dogness" or the "Company") (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM and private label pet products, today announced it is expanding availability of its intelligent pet-tech products with Boqii Holding Limited ("Boqii" or the "Company") (NYSE: BQ), a leading pet-focused platform in China. Boqii will now make Dogness' intelligent pet-tech products available, including the Company's Smart Fountains, Smart Feeders and more, while continuing to provide products from Dogness' traditional product portfolio. Silong Chen, Chairman and Chief Executive Officer of Dogness, commented, "We are pleased to be expanding our relationship with Boqii, which shares our commitment to product and customer experience excellence. Boqii has a leading market position in China, one of the world's largest and fastest growing markets. We look forward to building upon our reliable supplier status, as we provide Boqii's customers with the intelligent pet-tech products they are seeking to enhance their pets' health and quality of life." Dogness has built an integrated sales platform across all channels, with major customers including, Anyi Trading, Petco, Trendspark, PetSmart, Pet Value, Walmart, Target, IKEA, SimplyShe, Pets at Home, PETZL, and Petmate, and online shopping platforms, such as Amazon, Chewy.com, Target.com, HomeDepot.com, Loews.com, Wayfair.com, JD, Tmall and Taobao, as well as live streaming sales platforms hosted by influencers. About Boqii Holding Limited Boqii Holding Limited (NYSE: BQ) is a leading pet-focused platform in China. We are the leading online destination for pet products and supplies in China with our broad selection of high-quality products including global leading brands, local emerging brands, and our own private label, Yoken and Mocare, offered at competitive prices. Our online sales platforms, including Boqii Mall and our flagship stores on third-party e-commerce platforms, provide customers with convenient access to a wide selection of high-quality pet products and an engaging and personalized shopping experience. Our Boqii Community provides an informative and interactive content platform for users to share their knowledge and love for pets. About Dogness Dogness (International) Corporation was founded in 2003 from the belief that dogs and cats are important, well-loved family members. Through its smart products, hygiene products, health and wellness products, and leash products, Dogness' technology simplifies pet lifestyles and enhances the relationship between pets and pet caregivers. The Company ensures industry-leading quality through its fully integrated vertical supply chain and world-class research and development capabilities, which has resulted in over 200 patents and patents pending. Dogness products reach families worldwide through global chain stores and distributors. For more information, please visit: ir.dogness.com. Forward Looking Statements No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customers' businesses and end purchasers' disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China and the U.S., our ability to attract and retain highly skilled professionals, client concentration, industry segment concentration, reduced demand for technology in our key focus areas, our ability to successfully complete and integrate potential acquisitions, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Dogness may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. Related Links :http://www.dogness.com
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Happiness Biotech Announced Another Electric Vehicle Transaction of Over $14 Million With Ruili
NANPING, China, Sept. 23, 2021 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), a China-based company engaging in the business of production of nutraceutical and dietary supplements, providing e-commerce solutions, and the sales of automobile, today announced that Taochejun (Fujian) Automobile Distribution Co., Ltd. ("Taochejun") and its subsidiary have signed agreements with Guang'an Ruili Trading Co., Ltd ("Ruili") to purchase 1350 of the model Bestune B30 EV 400. Bestune, previously known as Besturn, is an automotive marque owned by the Chinese automaker FAW Group. Bestune B30 is the first model developed by FAW's all-new A- segment platform. This model is outstanding in comfort, performance and stability. According to the agreements, Taochejun purchased 1350 pure electric vehicle "Bestune B30 EV 400", with a total consideration of approximately RMB95 million (approximately $14.7 million). Ruili is a large auto trading company in Sichuan Province, China, which has a wide range of business relationships and social resources in Sichuan. The Company previously purchased the model of "e-Bora" together with Ruili in this June and has successfully sold all the e-Bora models. "We are very happy to cooperate with Ruili again. Taochejun gained a lot of valuable experience from our previous transaction with Ruili. We believe this transaction will further consolidate the long-term cooperative relationship between the two sides. After the integration and resource accumulation of Taochejun in the past few months, the distribution capacity of the platform has been greatly strengthened. We have obtained pre-sale orders for most of the 1350 electric vehicles, and we are confident that the sales will be completed in a short time," said Mr. Xuezhu Wang, CEO of the Company. About Happiness Biotech Group Limited Headquartered in Nanping, China, Happiness Biotech Group Limited currently has three business lines: nutraceutical and dietary supplements, e-commerce and auto sales. The nutrition and dietary supplements business is focusing on the research, development, manufacture and marketing of various products made from Chinese herbal extracts and other ingredients. Over the past 17 years, we have established a product portfolio consisting of 23 PRC National Medical Products Administration registered "Blue-Cap" SKUs of nutraceutical and dietary supplements products. Our e-commerce business focuses on offering e-commerce solutions, including advertising and information technology services to small and medium-sized enterprises in China. We also run our online stores which carries our products of dietary supplements and other selected products sourced from the small and medium-sized enterprises in China. Our mission for the e-commerce business is to enable small and medium-sized enterprises to fully leverage the power of e-commerce to grow rapidly. Our automobile sales adopts the B2B business model and is committed to optimizing the auto supply chain by connecting car dealers on our online automobile sales platform and offering the overall services for purchasing automobiles. For more information, please visit: www.happ.org.cn Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China, the COVID-19 outbreak and its impact on our operations and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Related Links :http://www.FJXFL.com
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3i Inc. Raises US$24M in Oversubscribed Series A Funding Round
SEOUL, South Korea, Sept. 23, 2021 /PRNewswire/ -- 3i Inc., an industry-leading immersive experience company specializing in metaverse technology, artificial intelligence, augmented and virtual reality, and a member of Born2global Centre, completed an investment of nearly $24M (₩28B Won). The round included $20M from new financial and strategic investors and $4M from existing investors. SV Investment led the round, with other participants including Korean Development Bank, LB Investment, DS Asset, YG Investment, Intops Investment, Enlight Ventures, NBH Capital, and Korea Asset Investment Securities. 3i Inc. CI Founded in 2017, 3i has 34 technology patents and includes two brands: Pivo and Beamo. Pivo is a platform business sitting at the intersection of hardware, software, and content focused on empowering everyday creators around the world with its Pivo Pod, a portable AI-powered smart pod, and suite of mobile apps that extend the capabilities of any smartphone and simplify rich content creation. Beamo is an enterprise-grade digital twin solution for mission-critical businesses and sites. Beamo creates a dynamic digital twin that allows enterprises to conduct remote inspections, maintain equipment remotely, collaborate with remote teams and provide the most immersive navigation of mission-critical assets. "3i is a company which is growing dramatically in B2B digital twin solutions using AI and AR/VR technologies and B2C video content creation platform", said Joo-wan Jeong, Director at SV Investment. He added, "I made this investment because I believe 3i will be able to grow into the only global player that possesses both technology and content in the integrated metaverse". 3i plans to use the funds raised to develop new products and expand its metaverse platform business. Additionally, 3i plans to invest significantly in scaling out the company with multiple open roles in recruiting, marketing, customer success, design and engineering, as well as key investments in the 3i brand experience in the market over the next year. Ken Kim, CEO of 3i said, "The metaverse is the next-generation platform, where soon, all media flows are expected to move. Our products and solutions help enterprises and content creators leap onto the metaverse much more easily, seamlessly, and quickly than ever before, changing the way the physical world interacts with the digital world". For more detailed information on 3i Inc., visit www.3i.ai. About 3i Inc. 3i Inc. (www.3i.ai) provides both hardware and software solutions that transform the way the physical world interacts with the digital world. With 29+ nationalities of employees working in more than 8 countries, 3i is a truly global and distributed company. Its solutions leverage state-of-the-art technologies such as AI/ML and AR/VR to help our customers create the most immersive experiences through rich content and digital twins. We believe 3i solutions will accelerate the creation of the metaverse through digital transformation, digitalization of content, and business workflows. About Pivo Pivo (www.getpivo.com) helps empower everyday creators to overcome the challenges of creation and produce high-quality, immersive content by providing smart, affordable enhancement tools, both hardware and software, that extend the capturing capabilities of smartphones. About Beamo Beamo (www.beamo.ai) is an enterprise-grade digital twin solution for mission-critical facilities and sites. We make it natural for you to capture your most critical assets, augment them with tribal knowledge and collaborate from anywhere. Beamo's state-of-the-art hardware and software platform simplifies and accelerates this for all enterprises. About Born2Global Centre Born2Global Centre (www.born2global.com) is a full-cycle service platform for global expansion. Since its inception in 2013, Born2Global has been setting the standard for successful startup ecosystem as the main Korean government agency under the Ministry of Science and ICT. Born2Global has expanded and transformed startups to be engaged, equipped and connected with the global market. Media Contact 3i Inc.: pr@3i.aiBorn2Global Centre: jlee@born2global.com
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Forming Synergy, BRI's Businesses Driven From, By And For The Indonesia Micro Segments
JAKARTA, Indonesia, Sept. 23, 2021 /PRNewswire/ -- Following the creation of Ultra-Micro (UMi) Holding company, PT Bank Rakyat Indonesia (Persero) Tbk (IDX:BBRI) ("BRI") is strengthening its efforts in the ultra-micro sector. With PT Pegadaian (Persero) and PT Permodalan Nasional Madani (Persero) or PNM, the synergy has reinforced BRI's sustainable growth, particularly among stakeholders to emphasise value creation specifically for grass root economy. SENYUM, Ultra Micro Service Center - BRI, Pegadaian, and PNM Co-location The synergy formation in the ultra-micro ecosystem will strengthen BRI's sources of sustainable growth providing greater value to stakeholders, especially to BRI shareholders. Future BRI shareholders will be encouraged by retail shareholders, especially those from MSMEs, and BRI employees to strengthen business growth originating and managed by the ecosystem in the micro segment providing added value. The increase in BBRI's share ownership by all employees is vital to increase employee engagement to advance the company. Meanwhile, ownership (shares) by MSME actors create customer loyalty through consistent empowerment of Indonesian businesses. BRI's focus and strength in the Micro segment is backed by capital market observer and Founder of Indonesia Superstocks Community Edhi Pranasidhi and Senior Faculty of the Indonesian Banking Development Institute (LPPI) Trioksa Siahaan. "Given the promising potential of this segment, the synergy will add more value to the investors as micro sectors proved to be highly resilient during the pandemic," Edhi Pranasidhi said. Following the establishment of UMi Holding, BRI, PNM, and Pegadaian will provide comprehensive financing services, particularly to ultra-micro customers without access to formal financing. Highlighting the strength of each entity, UMi Holding will create an equal access to savings, payments, and investments for micro and ultra-micro businesses. "The synergy will potentially increase our economic growth by 0.2%-0.3%, while improving financial inclusion and literacy in Indonesia," added Pranasadhi. In June 2021, the total amount of BRI's microloans was 39.44 percent of all loans. As a result of the synergy from the establishment of the Umi Holding, BRI is anticipating that the total amount of its micro loans will reach at least 45% of its total loan portfolio by 2025. Trioksa Siahaan, said, "With the wider market base and potentials in micro-business sector, BRI is putting more emphasis on cross-selling and potential uses of database approaches." NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR JAPAN.
