Hailiang Education Group Inc. Acquires Jinhua Hailiang Foreign Language School
Charming Fuling: A Changing River Town
Beijing Culture and Tourism Spearheads Post-COVID Travel Recovery with Global Online Strategic Forum: "Restart Travel, Together with Beijing"
Subex launches Partner Ecosystem Management platform
51job, Inc. Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company
Unispace Appoints New Global Leaders to Guide Businesses and Clients out of COVID-19 and Beyond
Asia's First-Ever Digital Assignments Platform That Mimics the Experience of Doing Homework Online, Launches in Indonesia
The Farrer Park Company partners UOB on Singapore's first green loan for a healthcare facility
British Council IELTS Prize Helps Students Make Their Mark Through International Study
ETS Creates ETS Strategic Capital to Tap into New Growth Opportunities in Education
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Enjoy a relaxing tour in west China's Chongqing Beibei with natural and cultural charm
CHONGQING, China, Sept. 16, 2020 /PRNewswire/ -- The 2020 Chongqing Showcase, a livestreaming campaign, held its Beibei District stop to promote local tourism and cultural products. Over ten online platforms joined the livestreaming, enabling viewers to learn about the district's scenery, culture, history and leisure. The livestreaming gained 16.887 million views and 6.898 million likes, according to the Publicity Department of Beibei District. Beibei is located in the north of Chongqing and is nurtured by mountains and rivers. The Chinese character of "Bei" in the Xinhua Dictionary refers specifically to this place. The winding Jialing River makes a beautiful turn here, creating the city landscape surrounded by the Jinyun Mountain and the Jialing River. Jinyun Mountain and the North Hot Spring Jinyun Mountain is named due to constant shrouded white clouds all the year round and colorful morning and sunset cloud scenes, as the ancients called the reddish color as "Jin". Colorful clouds in Jinyun Mountain is one of the 12 famous scenic spots in Chongqing. In 851 AD, famous poet Li Shangyin visited Jinyun Mountain and wrote the famous poem "Written on a Rainy Night to My Wife in the Nort", which goes that "Vainly have you asked about my homing date due, Bashan is soaked through by the evening rain in fall. When shall I be sharing the cozy lamp with you. And recounting the Bashan's evening rain and all?" At the foot of Jinyun Mountain and on the banks of Jialing River, one can enjoy a warm spring shower with a view of the colorful clouds. The North Hot Spring is the most famous hot spring in Chongqing, attracting tourists across the world. Museums and Pier View Beibei is known as the city with some 100 museums as it is home to some 3,000 celebrities and Chongqing's first museum. Liang Shiqiu wrote Ya She Essays in a Beibei's cottage. Lu Zuofu set up the gorge defense bureau on the banks of Jialing River. The Museum of Western China, which was established in Beibei, is like a "Noah's Ark", carrying people's dream of becoming a scientific power... The numerous former residences and memorial halls of celebrities record the cultural responsibility of an era. To learn more about Beibei, however, museum tour is not enough. One can walk to the Jialing River against the breeze to experience the dock at night. The touching music and laughter made people relaxed and happy amid rice fragrance and frog croaking. Time-honored Countryside and Rural Charm Beibei's villages nestle among mountains and rivers. Lu Zuofu, as a pioneer of developing Beibei, together with Yan Yangchu, Liang Shuming and Tao Xingzhi, devoted himself to the exploration of Beibei's rural construction experiment, which features a clean, scenic, orderly, livable environment that is fit for tourism. The beautiful countryside now is full of flowers, with water gurgling at vine-hung Jindao Gorge, the fragrant wintersweet blossoming and willow dancing with wind. Time has passed away quick amid such a relaxing environment, a dream come true after decades of efforts. The Jingangbei Ancient Town and Classic Restoration A stone slab road has witnessed the development of the century-old Jingangbei ancient town. During the reign of Emperor Kangxi (1622-1722), the water wharf thriving on coal rose on the banks of Jialing River in Beibei. Coal mining and transport created the temporary economic prosperity of the Jingangbei. In the new era, the town started a journey of rebirth in the name of the restoration of historical and cultural traditional blocks. Here, you can drink tea and read books, having a dialogue with the ancient sages. You can also go down the river and enjoy a leisurely scroll with mountains, rivers and a scenic urban landscape. The mountain, the river, the forest, the hot spring and the gorge, coupled with profound history and culture, have made Beibei a leisurely and relaxing destination. For more information, please click http://www.beibei.gov.cn/.
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Online English Education Platform 51Talk Reports Its Third Consecutive Quarterly Profit
BEIJING, Sept. 16, 2020 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE:COE), China's leading online English education brand and the first online English education brand listed in the United States, released its second quarter 2020 financial results. In the second quarter, non-GAAP net income was RMB39.6 million, and GAAP net income was RMB32.8 million, amounting to the Company's third consecutive quarter of profitability and becoming China's only online English education brand to achieve it. Online English Education Platform 51Talk Reports Its Third Consecutive Quarterly Profit 51Talk also continued to maintain a high gross margin of more than 70% and record high gross billings of RMB676.4 million. Operating cash flow was RMB172.1 million, a year-over-year increase of RMB72.9 million while net revenue was RMB493.5 million, a 40% increase year-over-year. 51Talk maintains leading position in market share China's K-12 Online English Development Blue Book 2020 ("Blue Book"), released by Southern Weekly, a well-known Chinese media, and the big-data research center of Chinese Academy of Social Sciences, shows that 51Talk ranks first among its industry peers at 46% market share, with the next two peers coming in at 18% and 16%. The Blue Book also shows that Chinese parents believe 51Talk provides the most superior service offering when it comes to improving their children's English listening and speaking skills. The parents also noted that their children's speaking skills improved significantly after enrolling in 51Talk. According to K-12 Online English One-on-One User Trend Research released by CTR Market Research, 51Talk enjoys total brand leadership with its cumulative 100 million classes delivered since its establishment in 2011. Its customer satisfaction rating also ranks first in the industry. Strong market penetration in China and the Philippines fueled consistent profitability In the second quarter of 2020, 71.3% of gross billings from the K-12 one-on-one mass market courses are from non-tier-one cities while 28.7% are from first-tier cities. Over the past two years, the growth of users in non-tier-one cities has exceeded that of first-tier cities. The success of this continuous downward market penetration has enabled 51Talk to attract customers with its competitive pricing, which further contributed to revenue growth. 51Talk's strong market growth has made it possible for its online teachers, a bulk of whom reside in the Philippines, to enjoy better profits with their one-on-one courses. In the three most recent financial quarters, 51Talk has maintained a high gross margin of 70%. Instead of allocating a big chunk of its resources in traditional advertising and marketing, 51Talk focused on teaching quality and effectiveness as well as word-of-mouth referrals, to greatly reduce operating costs. Since 51Talk started its operations in the Philippines, it has developed programs and campaigns to create awareness about the benefits of being an online English teacher. This year, the company welcomed Miss Universe 2015 Pia Wurtzbach as its brand ambassador to attract more Filipino teachers. Philippine teachers now more popular in China In China, parents prefer Filipino teachers compared with counterparts from Europe and United States, according to the CTR Market Research. Although Filipinos are not native English speakers, the Philippine education system as well as businesses, use the English language, and thus the country consistently maintains top English proficiency ratings. Filipino teachers have been studying and learning English as a second language for years, so they are equipped with a deeper and more technical understanding of how to teach the English language. Filipinos also take pride in their strong customer service. They are generally mild-mannered, modest, passionate, enthusiastic, cheerful and patient, which are ideal qualities to possess in order to effectively teach English to young kids. In addition, there is no time difference between the Philippines and China, so students and teachers can easily connect with more flexible class schedules. With all these advantages, Filipino teachers have gradually become the face of online English teachers in China. 51Talk's "Education for All" strategy, its downward market penetration approach, and its high-quality "Filipino Teachers' One-On-One Model" have helped the leading platform achieve excellent results in the second quarter of 2020. Brighter prospects also await the online English education industry as studies have shown that the scale of China's K-12 online education market is expected to exceed RMB304.5 billion in 2020. 51Talk, which leverages "Filipino Teachers' One-On-One Model" with a cost-effective and sustainable strategy, will surely continue to improve profitability in the future.
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51Talk's Dominance in the Online ESL Market Further Fueled by Strong Demand and Increase in Student Numbers
BEIJING, Sept. 16, 2020 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE:COE), a leading online education platform in China, with core expertise in English education, recently released its second quarter 2020 financial results, achieving gross billings of RMB676.4 million, net revenue of RMB493.5 million (an increase of 40% year-over-year), and operating cash flow of RMB172.1 million. Aggressive expansion and partnerships opened new opportunities for Filipinos away from city centers Since first established, 51Talk has carried out localized operations in the Philippines, and over the past nine years, has built a community of over 24,000 high-quality Filipino online teachers. To further advance the online English teaching industry in the Philippines, 51Talk has continuously intensified its local operations. It has successively set up ten operating centers in areas such as Manila, Baguio and Davao City, that in most cases house more than 1,000 online teachers. On September 2nd, 51Talk released the enterprise standard of 51Talk Online Education Service, which proposed the 5A evaluation dimension of a good foreign teacher; each teacher shall be carefully selected according to five aspects: able, accredited, articulate, approachable and accommodating, which will ensure the desired characteristic teaching result. With the help of the 51Talk platform, a large number of highly qualified and well-educated Filipinos have connected with Chinese students, which has effectively provided thousands of livelihood opportunities. It is reported that nearly 93% of Filipino teachers in 51Talk have a bachelor's degree, more than 7% have a master's degree, most of whom majored in education, communications and/or linguistics. In addition, 51Talk has also partnered with the Department of Information and Communications Technology of the Philippines for the implementation of its E-Education Platform Digital Job Training Program, which has created strong awareness about digital employment opportunities especially for people in the countryside where access to jobs are limited. In collaboration with the National Library of the Philippines, 51Talk has activated more than 1,000 public libraries across the country to provide livelihood training. 51Talk also has partnerships with schools and universities in the Philippines to upskill our staff to navigate online teaching even more effectively. Teaching English online now a mainstream livelihood thanks to 51Talk With the efforts of 51Talk in heavily promoting online English teaching as both rewarding and an excellent source of income, more Filipinos have become aware of this home-based online teaching opportunity. For example, one notable 51Talk promotional campaign was the introduction of Miss Universe 2015 Pia Wurtzbach as its brand ambassador, which strengthened its visibility and position as a top foreign enterprise in the Philippines. 51Talk’s Dominance in the Online ESL Market Further Fueled by Strong Demand and Increase in Student Numbers 51Talk’s Dominance in the Online ESL Market Further Fueled by Strong Demand and Increase in Student Numbers Online English teaching has steadily grown as a mainstream and popular livelihood amongst young people in the Philippines. Its popularity expanded even further this year after the pandemic impacted many industries. This prompted the platform to launch a campaign to attract 30,000 online English teachers in 2020. With better flexibility, competitive pay and a more comfortable and safer environment at home, the online English teaching industry has helped improve the livelihood situation of thousands of Filipinos. Being an online English teacher has proven to be a resilient, secure and sustainable career choice in the long run. Online English teaching has a bright future as China's thirst for English education expands Relying on high-quality Philippine education resources, 51Talk has performed outstandingly in China's K-12 online education market. Consequently, it has been able to achieve another financial breakthrough this quarter, maintaining its leading position in market share and seeing the number of active users reaching new highs. According to a report published by K-12 Online English One-on-One User Trend Research, 51Talk ranks first in terms of market share and teaching effectiveness. Since the beginning of this year, Chinese users' awareness of online education and usage rates of related apps have been on the rise. 51Talk's recent financial report shows the number of active students increased from 233,400 to 298,200 this quarter, marking a 27.8% year-over-year jump. With the accelerated expansion of the overall online education market, 51Talk is expected to continue leading the K-12 online education industry. With the increasing demand for high-quality English language education, 51Talk will require even more Filipino teachers to provide high-quality lessons. "51Talk is pleased with the overall performance of its platform as reflected in its Q2 financial report. We owe this success to everyone working hard at 51Talk and to our community of over 20,000 online English teachers in the Philippines who continue to be trusted and reliable partners," said 51Talk Founder and CEO Jack Huang, "51Talk will continue to build a model for Sino-Philippines education cooperation that will usher in a new chapter in cultural exchanges and educational cooperation between the two countries." Photo - https://photos.prnasia.com/prnh/20200916/2919013-1?lang=0
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Fettes College Guangzhou raises the bar for boarding education in China
HONG KONG, Sept. 16, 2020 /PRNewswire/ -- Fettes College Guangzhou has opened on the 1st of September 2020, offering a co-educational boarding and day school with Kindergarten to year 12 school guided by GCSE, A Level and the International Baccalaureate curricula. As one of the UK's top private schools, Fettes College will be partnering for the first time in Asia with Bright Scholar Education, China's largest K-12 school operator. Fettes College Guangzhou raises the bar for boarding education in China Located on an expansive 33-acre bespoke campus designed international architects Broadway Malayan, FCG has been specifically designed to deliver a unique approach to learning. Their are world-class facilities for teaching, sports, music, drama as well as home-from-home boarding houses and green space for reflection and creativity will provide an ideal environment Fettes College Guangzhou raises the bar for boarding education in China Fettes College Guangzhou raises the bar for boarding education in China Through the partnership, Bright Scholar will enable Fettes College to bring to mainland China its special and highly sought after brand of traditional British boarding education, which will be blended with the strength of Chinese scholastics and informed by modern, innovative approaches to teaching and learning. The ethos and guiding principles of Fettes College Guangzhou will be founded on nurturing the individual while fostering a happy well-ordered and caring community with strong family values at its core. "Our mission looks to develop broadly educated, confident and thoughtful individuals who are prepared for life beyond school and all the opportunities and challenges it will bring," said Founding Head of College, Mr Marco Longmore. "The ethos and guiding principles of Fettes College Guangzhou will be founded on nurturing the individual while fostering a happy well-ordered and caring community with strong family values at its core," he added. The FCG campus will set a new standard for schools in China and beyond. An expansive 33-acre bespoke campus is located on a spacious and superbly equipped campus in Zengcheng, bordered by forest and hills and yet within an hour's drive of the centre of Guangzhou and Baiyun International Airport, and just a 1.5 hour drive away from Hong Kong. Designed by international architects Broadway Malayan, it has been specifically designed to deliver a unique approach to learning. Their world-class facilities for teaching, sports, music, drama as well as home-from-home boarding houses and green space for reflection and creativity will provide an ideal environment for children flourish. "At the heart of the world-class holistic education enjoyed by students at Fettes College Guangzhou, lies a close focus on discovery, learning and academic development. Every individual is encouraged to stretch and challenge themselves intellectually and to velop the self-motivation to be the best that they can be. This outcome is achieved through a combination of inspirational teaching from the highly committed staff, a strong work ethic among the students, and a shared ambition to succeed," said Mr Longmore. The curriculum offered at FCG is bilingual and will draw on the strengths and rigour of both Chinese and British pedagogy. It will deliver all the requirements of the Chinese National Curriculum blended with the inquiry-based approach to learning of the International Baccalaureate and will be delivered in a manner that emphasises the essential values of an authentic Fettes education. In this way FCG is confident they will emulate the excellent examination results of pupils at Fettes College and their outstanding success rate in gaining places at leading UK and international universities and colleges. "We understand this is a challenging time throughout the world, yet we have the long-term view that our offering is now more than ever relevant to the young students we will teach; the place from which we come from, and the home that we will establish here in Guangzhou is encapsulated in our motto 'Rooted in China, Globally Minded'," said Mr Longmore. Combining the strengths of Western and Eastern educational practices in this way allows FCG to offer Chinese and international families a unique, world-class bilingual education that will allow its students access to global opportunities in their lives beyond school. About Fettes College Guangzhou (www.fettes.cn) Fettes Guangzhou is a collaborative venture between Bright Scholar, the largest operator of K-12 Schools in China, and Fettes College, a world-renowned British boarding school with 150 years of educational history. Fettes Guangzhou will, without compromise, reflect the full-boarding, co-educational ethos of Fettes College Edinburgh and deliver a truly all-round education. Located on a 33-acre purpose-built campus, the school will be both bilingual and dual-curricular, offering an unrivalled educational experience in China producing highly educated and well-rounded students with the skills to realise their global ambitions. About Fettes College (www.fettes.com) Fettes College is uniquely situated in private, extensive grounds close to the heart of Edinburgh and enjoys the reputation as one of the UK's pre-eminent boarding schools for boys and girls aged 7-18. Renowned for their sector-leading pastoral care and academic excellence, Fettes develops broadly-educated, confident and thoughtful individuals who are prepared for life after Fettes and all the opportunities and challenges it will bring. A strong foundation for the future, a family for life. About Bright Scholar Education Holdings Limited (www.brightscholar.com) Bright Scholar Education Group (formerly Country Garden Education Group) is a world's leading K12 education group and a core alliance enterprise of Country Garden, one of the world's Top 500. Founded in 1994, Bright Scholar has a long history and strong strength of running schools. Currently, it has more than enrolled 51,000 students, 100+ kindergartens, schools and English training centres around the world (including 8 overseasK12 schools and 10 language schools), as well as an information platform of national campus admission -- Bolehui (searching through WeChat applets). The business of Bright Scholar consists of four sectors: domestic K12 education, overseas K12 education, complementary education (including global study tour, camp education, English training, art exam training, international competition and course training, service for studying abroad, and job counselling for international students) and education technology (3i Global Academy). 93.6% of the 2020 AP/A-LEVEL/DP program graduates received admission letters from the world's top 50 universities, including University of Oxford, University of Cambridge and University of Chicago. Photo - https://photos.prnasia.com/prnh/20200916/2918844-1-a?lang=0Photo - https://photos.prnasia.com/prnh/20200916/2918844-1-b?lang=0Photo - https://photos.prnasia.com/prnh/20200916/2918844-1-c?lang=0Photo - https://photos.prnasia.com/prnh/20200916/2918844-1-d?lang=0Logo - https://photos.prnasia.com/prnh/20200916/2918844-1LOGO?lang=0Related Links :http://www.fettes.cn
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World leaders converge to rewrite the HR and Worktech playbook at Asia's largest HR & Worktech conference, People Matters TechHR 2020
- 3,000+ business and talent leaders, HR tech & digital solution analysts, and Worktech startups gathered to rewrite the playbook for the Big Reset at work, virtually SINGAPORE, Sept. 16, 2020 /PRNewswire/ -- The current COVID-19 crisis has called for rewriting the HR and Worktech playbook. It is about embarking on a journey of opportunities, of resetting your focus, accelerating your impact for now and "bouncing forward" to the next. People Matters TechHR 2020 that was held from 7th – 11th September brought together the most progressive business & HR leaders, HR analysts, HR technology experts, and Worktech startups from around the globe to shine the light on the great reset. Silicon Valley legend Guy Kawasaki, Chief Evangelist, Canva in his keynote at TechHR 2020 As Asia's largest HR and Worktech conference, the 5-day virtual conference hosted over 3,000+ HR & business leaders from 55 countries, 67 global speakers and 83 content sessions. Through the 5 days, 8,448 connections were made, 27,423 discussions were created, and the social media reach went up to 34 million with 17,000+ social engagements. "This time, at People Matters TechHR, we wanted to encourage and empower our community to try new things, to learn along the way, and to find answers. If we are able to solve enough problems, not only do we get to survive as businesses, we also get to redefine distinctiveness and business value for our organizations and our industry. Hence, this year's theme was centered on Adaptable HR: The Great Reset," shares Ester Martinez, CEO and Editor-in-Chief, People Matters. Global leaders in their respective fields like Guy Kawasaki, Chief Evangelist, Canva; David Green, MD, Insight 22; Robert Hoyle Brown, Director, Cognizant Future of Work; Holger Muller, Vice President and Principal Analyst, Constellation Research; Jason Averbook, CEO & Co-founder, Leapgen; Jaclyn Lee, CHRO, SUTD; Peck Kem Low, CHRO & Advisor (Workforce Development), Singapore Public Service Division, Prime Minister's Office; Dr. Eugene Fidelis Soh, CEO, Tan Tock Seng Hospital & Central Health; Annella Heytens, Head HR, APJC at AWS; and Colin Brennan, President, Payroll and Cloud, HR & Financial Solutions, Alight Solutions were some of many powerhouse speakers who joined the conference. The Presenting Partner for the conference this year was Alight Solutions. The conference successfully triggered conversations to hit the great reset button in these changing times and build a future-ready digital workforce. Photo - https://mma.prnasia.com/media2/1274807/techhr_2020_kawasaki.jpg?p=medium600 Photo - https://mma.prnasia.com/media2/1274808/techhr_2020_ceo_power_panel.jpg?p=medium600 Media contact: Pushkaraj BidwaiEmail: pushkar.b@peoplematters.inPhone: +91 9910526108 (top left) Peta Latimer, CEO of Mercer Singapore; (top right) Christopher Wehner, MD of BMW Group Asia; (bottom left) Ester Martinez, CEO and Editor-in-Chief, People Matters; and (bottom right) Duncan Hewett, SVP & GM, Asia Pacific & Japan, VMware in the CEO Power Panel at TechHR 2020
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Ambow Education Announces Second Quarter 2020 Financial Results
BEIJING, Sept. 15, 2020 /PRNewswire/ -- Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), a leading national provider of educational and career enhancement services in China, today announced its unaudited financial and operating results for the three-month and six-month periods ended June 30, 2020. Dr. Jin Huang, Ambow's President and Chief Executive Officer, said, "Since various measures that the Chinese government implemented to constrain the COVID-19 outbreak were gradually relaxed during the second quarter, the majority of our schools, tutoring centers and training offices reopened with operations gradually returning to normalcy. As such, our second quarter financial performance significantly improved on a quarter-over-quarter basis, highlighted by a 2,600 basis points increase in Gross Margin. We maintained healthy operating efficiency and profitability with a positive net income in the first half of 2020, demonstrating our capability to navigate the dynamic market during the unprecedented challenging times. Striving for increasing enrollment across all Ambow programs while also deploying stringent cost controls, we are confident in our ability to drive profitable growth and strengthen our leadership position in the career enhancement market in China." "Amid pandemic-related and broad-based economic challenges, we remain focused on delivering high quality educational technologies and services to address personalized learning needs in a dynamic learning environment. With the outbreak of COVID-19, the integration of technology into education was further accelerated, which has significantly boosted the demand for online-based education from both students and professionals. To enhance the learning and teaching experience in the COVID-19 environment, Ambow rolled out its next-generation online-to-offline education SaaS platform, Huanyujun Education Hub, which is equipped with our proprietary technologies including hologram live streaming, AI and IoT, all of which are built on our cloud-based infrastructure. Simultaneously drawing upon our extensive educational resources and assets spanning the globe, we believe this mobile-based platform is uniquely positioned to exploit the booming trend in the e-learning industry across a wide spectrum of educational scenarios," concluded Dr. Huang. Second Quarter 2020 Financial Highlights Net revenues for the second quarter of 2020 decreased by 8.7% to US$22.0 million from US$24.1 million in the same period of 2019. The decrease was primarily due to a reduction in the recognition of deferred revenue in the period as a result of the one-month extension of spring semester 2020 at the Company's K-12 schools, which used to concluded at the end of June, and fewer services provided at the Company's tutoring centers and training offices as a result of social distance and counter measures to COVID-19. This was partially offset by revenue from NewSchool of Architecture and Design, LLC ("NewSchool"), acquired in the first quarter of 2020. Gross profit for the second quarter of 2020 decreased by 14.1% to US$8.5 million from US$9.9 million in the same period of 2019. Gross profit margin was 38.6%, compared with 41.1% for the second quarter of 2019. The decrease in gross profit and margin was mainly attributable to the decrease in net revenues. Operating expenses for the second quarter of 2020 slightly increased by 1.2% to US$8.5 million from US$8.4 million for the same period of 2019. Net income attributable to ordinary shareholders was US$0.7 million, or US$0.02 per basic and diluted share, compared with a net income of US$1.3 million, or US$0.03 per basic and diluted share, for the second quarter of 2019. As of June 30, 2020, Ambow maintained strong cash resources of US$27.2 million, comprised of cash and cash equivalents of US$13.9 million and short-term investments of US$13.3 million. First Six Months 2020 Financial Highlights Net revenues for the first six months of 2020 decreased by 15.9% to US$34.8 million from US$41.4 million in the same period of 2019. The decrease was primarily due to due to a reduction in the recognition of deferred revenue in the period as a result of an one-month extension of spring semester 2020 at the Company's K-12 schools, which used to conclude at the end of June, and fewer services provided at the Company's tutoring centers and training offices, as operations during the period were temporarily suspended due to the outbreak of COVID-19. This was partially offset by revenue from NewSchool, acquired in the period. Gross profit for the first six months of 2020 decreased by 34.6% to US$10.2 million from US$15.6 million in the same period of 2019. Gross profit margin was 29.3%, compared with 37.7% for the first six months of 2019. The decrease in gross profit and margin was mainly attributable to the decrease of net revenues. Operating expenses for the first six months of 2020 decreased by 8.7% to US$15.7 million from US$17.2 million for the same period of 2019. The decrease was primarily attributable to lower expenditures due to the temporary suspension of operations at schools and tutoring centers in the period as part of the national pandemic containment effort, as well as stringent expense controls to improve operating efficiency. Net income attributable to ordinary shareholders was US$1.5 million, or US$0.04 per basic and diluted share, compared with a net loss of US$2.2 million, or US$0.05 per basic and diluted share, for the first six months of 2019. The Company's second quarter and first half 2020 financial and operating results can also be found on its Form 6-K filed with the U.S. Securities and Exchange Commission at www.sec.gov. Exchange Rate Information This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all amounts translated from RMB to U.S. dollars for the second quarter and first half of 2020 are based on the effective exchange rate of 7.0651 as of June 30, 2020; all amounts translated from RMB to U.S. dollars for the second quarter and first half of 2019 are based on the effective exchange rate of 6.8650 as of June 28, 2019; all amounts translated from RMB to U.S. dollars as of December 31, 2019 are based on the effective exchange rate of 6.9618 as of December 31, 2019. The exchange rates were according to the middle rate as set forth in the H.10 statistical release of the U.S. Federal Reserve Board. About Ambow Education Holding Ltd. Ambow Education Holding Ltd. is a leading national provider of educational and career enhancement services in China, offering high-quality, individualized services and products. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in 15 out of the 34 provinces and autonomous regions within China. Follow us on Twitter: @Ambow_Education Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the outlook and quotations from management in this announcement, as well as Ambow's strategic and operational plans, contain forward-looking statements. Ambow may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including but not limited to the following: the Company's goals and strategies, expansion plans, the expected growth of the content and application delivery services market, the Company's expectations regarding keeping and strengthening its relationships with its customers, and the general economic and business conditions in the regions where the Company provides its solutions and services. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Ambow undertakes no duty to update such information, except as required under applicable law. For investor and media inquiries please contact: Ambow Education Holding Ltd.Tel: +86-10-6206-8000 The Piacente Group | Investor RelationsTel: +1-212-481-2050 or +86-10-6508-0677E-mail: ambow@tpg-ir.com AMBOW EDUCATION HOLDING LTD. UNAUDITED CONSOLIDATED BALANCE SHEETS (All amounts in thousands, except for share and per share data) As of June 30, As of December 31, 2020 2019 US$ RMB RMB ASSETS Current assets: Cash and cash equivalents 13,935 98,455 157,600 Restricted cash 2,004 14,160 - Short term investments, available for sale 11,160 78,849 57,487 Short term investments, held to maturity 2,123 15,000 31,000 Accounts receivable, net 2,914 20,589 17,939 Amounts due from related parties 1,030 7,274 2,318 Prepaid and other current assets, net 21,721 153,464 133,296 Total current assets 54,887 387,791 399,640 Non-current assets: Property and equipment, net 21,159 149,489 157,463 Land use rights, net 246 1,737 1,759 Intangible assets, net 8,515 60,156 56,607 Goodwill 8,678 61,313 60,353 Deferred tax assets, net 636 4,497 10,195 Operating lease right-of-use asset 42,476 300,100 257,361 Finance lease right-of-use asset 870 6,150 6,450 Other non-current assets, net 12,419 87,743 70,971 Total non-current assets 94,999 671,185 621,159 Total assets 149,886 1,058,976 1,020,799 LIABILITIES Current liabilities: Short-term borrowings 1,473 10,409 - Deferred revenue * 16,328 115,358 165,111 Accounts payable * 1,561 11,047 14,718 Accrued and other liabilities * 27,428 193,780 192,957 Income taxes payable, current * 26,787 189,253 180,715 Amounts due to related parties * 525 3,706 1,971 Operating lease liability, current * 8,254 58,314 53,512 Total current liabilities 82,356 581,867 608,984 Non-current liabilities: Income taxes payable, non-current * 4,785 33,803 32,152 Operating lease liability, non-current * 36,954 261,087 216,067 Total non-current liabilities 41,739 294,890 248,219 Total liabilities 124,095 876,757 857,203 EQUITY Preferred shares (US$ 0.003 par value;1,666,667 shares authorized, nil issued and outstanding as of December 31, 2019 and June 30, 2020) - - - Class A Ordinary shares (US$0.003 par value; 66,666,667 and 66,666,667 shares authorized, 38,858,199 and 38,883,199 shares issued and outstanding as of December 31, 2019 and June 30, 2020, respectively) 103 731 730 Class C Ordinary shares (US$0.003 par value; 8,333,333 and 8,333,333 shares authorized, 4,708,415 and 4,708,415 shares issued and outstanding as of December 31, 2019 and June 30, 2020, respectively) 13 90 90 Additional paid-in capital 496,698 3,509,224 3,508,745 Statutory reserve 667 4,712 20,185 Accumulated deficit (473,608) (3,346,090) (3,371,815) Accumulated other comprehensive income 2,115 14,941 6,341 Total Ambow Education Holding Ltd.'s equity 25,988 183,608 164,276 Non-controlling interests (197) (1,389) (680) Total equity 25,791 182,219 163,596 Total liabilities and equity 149,886 1,058,976 1,020,799 * All of the VIE's assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets. AMBOW EDUCATION HOLDING LTD. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (All amounts in thousands, except for share and per share data) For the six months ended June 30, For the three months ended June 30, 2020 2020 2019 2020 2020 2019 US$ RMB RMB US$ RMB RMB NET REVENUES Educational program and services 34,771 245,659 282,638 21,994 155,392 164,453 Intelligent program and services 12 83 1,366 10 71 905 Total net revenues 34,783 245,742 284,004 22,004 155,463 165,358 COST OF REVENUES Educational program and services (24,391) (172,324) (172,520) (13,431) (94,891) (94,323) Intelligent program and services (206) (1,458) (4,709) (23) (160) (2,851) Total cost of revenues (24,597) (173,782)
Globalization Partners Named an Industry Leader in NelsonHall's 2020 Global Employer of Record Research Report
Report identifies company strengths including technology, expertise and delivery model BOSTON, Sept. 15, 2020 /PRNewswire/ -- Globalization Partners, which simplifies global business by enabling companies to hire talent in 180+ countries without the complexity of setting up international branch offices or subsidiaries, today announced it has been named an Employer of Record (EOR) industry leader by research firm, NelsonHall, in its first-ever Global Employer of Record Services research report. NEAT Evaluation: Global Employer of Record Services (Overall) The industry deep dive was conducted by Principal Research Analyst, Pete Tiliakos, and focuses on market dynamics driving adoption, how technology is shaping and impacting the industry and includes an evaluation of companies that are providing services. It also looks at the projected growth of the EOR industry which is expected to reach ~$1.1bn by 2024 as it becomes an increasingly ideal option for growing businesses to compliantly employ talent internationally in support of global expansion activities. Pete Tiliakos, Principal HR Technology & Services Analyst, NelsonHall, said: "A key differentiator for global employer of record providers is the ownership and careful compliance management of legal entities in as many major countries as possible to provide in-country expertise and increase the quality and control over the customer experience. With 52 legal entities and growing, Globalization Partners offers the most extensive set of employer of record entities globally, combined with a modern technology platform and user experience, which has positioned them as a leader in the market." The report highlighted Globalization Partners' leadership in the following key areas: Ability to offer multinational firms a "turnkey" compliant global expansion solution including a rapidly deployable, tech-enabled, HR and payroll delivery model in support of >187 countries with 95% of new client demand managed through its own legal entities; Its single proprietary platform technology in support of its global Employer of Record services, including a highly automated, modern, simplified user experience, mobile-enabled ESS/MSS and client tools for managing the employed workers; Deep global HR and payroll compliance expertise supported by established legal entities and resources across 52 locations/countries globally; Low reliance on 3rd parties, giving it a differentiated level of control over the end-to-end delivery model including compliance, data, and security; Strong emphasis and investments in the client/worker experience, maintaining ~97% client satisfaction. "This NelsonHall research supports what we are seeing in the market - that companies of all sizes are increasingly looking to EORs to easily and compliantly expand to new geographies in order to open up new revenue streams and get access to highly skilled talent outside of their home country of operation," said Nicole Sahin, CEO and Founder, Globalization Partners. "Our leadership in the market comes from our never-ending commitment to bring our customers a solution that combines the best technology and unprecedented expertise from our own in-county legal entities that fully support our customers' growth goals in their targeted markets." The report also noted that despite the recent global economic impact of the COVID-19 pandemic, buyers of global EOR services show no signs of stopping their expansion efforts, with EMEA and APAC the top targeted geographies for expansion as borders reopen and economies restart. Download the report here and discover what set us apart. To learn more about Globalization Partners' solutions, please watch this 90-second demonstration. About the ReportNelsonHall's Global Employer of Record (EOR) Services report focuses on the emerging outsourcing service model enabling growing multi-national firms to compliantly employ foreign workers in support of global expansion activities and included a review of the following providers: Globalization Partners, Velocity Global, Safeguard Global, Acumen International, Papaya Global and Shield GEO. This major NelsonHall study provides in-depth analysis detailing what can be achieved by leveraging the latest global EOR solutions in the marketplace. About NelsonHall NelsonHall is the leading global analyst firm dedicated to helping organizations understand the "art of the possible" in digital operations transformation. It provides buy-side organizations with detailed, critical information on markets and vendors (including NEAT assessments) that helps them make fast and highly informed sourcing decisions. And for vendors, NelsonHall provides deep knowledge of market dynamics and user requirements to help them hone their go-to-market strategies. NelsonHall's research is based on rigorous, all-original research, and is widely respected for the quality, depth, and insight of its analysis. About Globalization PartnersGlobalization Partners enables companies to quickly and easily expand internationally across six continents and 187 countries. Our Global Employer of Record (EOR) model allows companies to hire employees in as little as 12 hours without having to navigate complex international legal, tax, and HR issues. When companies find top talent, that team member is put on our locally compliant payroll. We are the most trustworthy solution in the market and offer 24/7/365 premium support services. We have teams and offices worldwide with global headquarters located in Boston and California and regional headquarters in London, Ireland, Singapore and Dubai. Globalization Partners has consistently attained 97% customer satisfaction ratings by making it easy for companies to go global. To find out more, please visit: globalization-partners.com or connect with us via Twitter, LinkedIn, Facebook, or check out our Blog. Contact:Karen PantinasKpantinas@globalization-partners.com617-729-4466 Photo - https://mma.prnasia.com/media2/1273887/global_eor_overall_final.jpg?p=medium600 Logo - https://mma.prnasia.com/media2/723356/Globalization_Partners_Logo.jpg?p=medium600 Related Links :https://www.globalization-partners.com/
Globalization Partners Named an Industry Leader in NelsonHall's 2020 Global Employer of Record Research Report
Report identifies company strengths including technology, expertise and delivery model BOSTON, Sept. 15, 2020 /PRNewswire/ -- Globalization Partners, which simplifies global business by enabling companies to hire talent in 180+ countries without the complexity of setting up international branch offices or subsidiaries, today announced it has been named an Employer of Record (EOR) industry leader by research firm, NelsonHall, in its first-ever Global Employer of Record Services research report. NEAT Evaluation: Global Employer of Record Services (Overall) The industry deep dive was conducted by Principal Research Analyst, Pete Tiliakos, and focuses on market dynamics driving adoption, how technology is shaping and impacting the industry and includes an evaluation of companies that are providing services. It also looks at the projected growth of the EOR industry which is expected to reach ~$1.1bn by 2024 as it becomes an increasingly ideal option for growing businesses to compliantly employ talent internationally in support of global expansion activities. Pete Tiliakos, Principal HR Technology & Services Analyst, NelsonHall, said: "A key differentiator for global employer of record providers is the ownership and careful compliance management of legal entities in as many major countries as possible to provide in-country expertise and increase the quality and control over the customer experience. With 52 legal entities and growing, Globalization Partners offers the most extensive set of employer of record entities globally, combined with a modern technology platform and user experience, which has positioned them as a leader in the market." The report highlighted Globalization Partners' leadership in the following key areas: Ability to offer multinational firms a "turnkey" compliant global expansion solution including a rapidly deployable, tech-enabled, HR and payroll delivery model in support of >187 countries with 95% of new client demand managed through its own legal entities; Its single proprietary platform technology in support of its global Employer of Record services, including a highly automated, modern, simplified user experience, mobile-enabled ESS/MSS and client tools for managing the employed workers; Deep global HR and payroll compliance expertise supported by established legal entities and resources across 52 locations/countries globally; Low reliance on 3rd parties, giving it a differentiated level of control over the end-to-end delivery model including compliance, data, and security; Strong emphasis and investments in the client/worker experience, maintaining ~97% client satisfaction. "This NelsonHall research supports what we are seeing in the market - that companies of all sizes are increasingly looking to EORs to easily and compliantly expand to new geographies in order to open up new revenue streams and get access to highly skilled talent outside of their home country of operation," said Nicole Sahin, CEO and Founder, Globalization Partners. "Our leadership in the market comes from our never-ending commitment to bring our customers a solution that combines the best technology and unprecedented expertise from our own in-county legal entities that fully support our customers' growth goals in their targeted markets." The report also noted that despite the recent global economic impact of the COVID-19 pandemic, buyers of global EOR services show no signs of stopping their expansion efforts, with EMEA and APAC the top targeted geographies for expansion as borders reopen and economies restart. Download the report here and discover what set us apart. To learn more about Globalization Partners' solutions, please watch this 90-second demonstration. About the ReportNelsonHall's Global Employer of Record (EOR) Services report focuses on the emerging outsourcing service model enabling growing multi-national firms to compliantly employ foreign workers in support of global expansion activities and included a review of the following providers: Globalization Partners, Velocity Global, Safeguard Global, Acumen International, Papaya Global and Shield GEO. This major NelsonHall study provides in-depth analysis detailing what can be achieved by leveraging the latest global EOR solutions in the marketplace. About NelsonHall NelsonHall is the leading global analyst firm dedicated to helping organizations understand the "art of the possible" in digital operations transformation. It provides buy-side organizations with detailed, critical information on markets and vendors (including NEAT assessments) that helps them make fast and highly informed sourcing decisions. And for vendors, NelsonHall provides deep knowledge of market dynamics and user requirements to help them hone their go-to-market strategies. NelsonHall's research is based on rigorous, all-original research, and is widely respected for the quality, depth, and insight of its analysis. About Globalization PartnersGlobalization Partners enables companies to quickly and easily expand internationally across six continents and 187 countries. Our Global Employer of Record (EOR) model allows companies to hire employees in as little as 12 hours without having to navigate complex international legal, tax, and HR issues. When companies find top talent, that team member is put on our locally compliant payroll. We are the most trustworthy solution in the market and offer 24/7/365 premium support services. We have teams and offices worldwide with global headquarters located in Boston and California and regional headquarters in London, Ireland, Singapore and Dubai. Globalization Partners has consistently attained 97% customer satisfaction ratings by making it easy for companies to go global. To find out more, please visit: globalization-partners.com or connect with us via Twitter, LinkedIn, Facebook, or check out our Blog. Contact:Karen PantinasKpantinas@globalization-partners.com617-729-4466 Photo - https://mma.prnasia.com/media2/1273887/global_eor_overall_final.jpg?p=medium600 Logo - https://mma.prnasia.com/media2/723356/Globalization_Partners_Logo.jpg?p=medium600 Related Links :https://www.globalization-partners.com/
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SHL Call Center Hiring Solution Increases Customer Satisfaction by 32%
Find the Elusive 'Wow Factor' in Call Center Agents Using SHL's Science and AI-Driven Platform LONDON, Sept. 15, 2020 /PRNewswire/ -- SHL, the market leader in talent innovation, launched its Call Center Hiring Solution, combining realistic call center simulations with scalable, predictive and role-specific assessments. This new solution identifies the highest performing call center agents, reducing turnover and increasing customer satisfaction. SHL's Video Interviewing Capability (PRNewsFoto/SHL) As the world faces all-time high unemployment rates and businesses experience a surge in job applications, call center leaders face an even greater challenge to quickly identify high-performing agents. Hiring the best talent is pivotal to the business in order to deliver high quality service to customers, and over 76% of call center leaders rank "improving the customer experience" as their top business priority. "We have been working with leading call centers and business process outsourcing (BPOs) across the world and have helped them reduce the time to hire by 60%, and increased customer satisfaction scores by 32%," said Arthur Rassias, SHL's Chief Revenue Officer. "These performance metrics are only possible when businesses identify and hire talent who have the 'wow factor' and the potential for long-term tenure in the job." Hiring times have increased by 80% in the past decade and often the best talent receives several competing offers. SHL's Call Center Solution removes this challenge by remotely assessing critical competencies, automating the hiring process, and providing deep insight into fit for the role. Its predictive engine offers scalability to drive faster and fairer hiring decisions, so recruiters can focus on high-value recruiting activities like brand-building to improve the likelihood of success. The Call Center Solution includes an AI-powered suite of language and communication assessments to quickly evaluate a candidate's spoken language, as well as their written English and comprehension skills. It assesses the candidate's Common European Framework of Reference for Languages (CEFR) level -- the international standard of evaluating language proficiency -- and is available in multiple languages and global accents. Finally, SHL's remote end-to-end experience ensures every applicant is treated as a valued customer by providing personalized, insightful feedback at the conclusion of the process. For more information about the Call Center Hiring Solution, visit www.shl.com/bpo-hiring About SHL SHL exists to help you win. At a time of unprecedented change, we provide deep people insights to predict and drive performance. Our world-class talent solutions empower leaders and their teams to make unbiased decisions throughout the employee journey. With 40+ years of talent expertise, cutting-edge assessment science and more than 45 billion data points, we have an unparalleled view of the workforce. SHL partners with organizations of all sizes – from start-ups to multinational firms – worldwide to deliver proven business results from people investments. www.shl.com Contact Kristina Iniguez PR@shl.com Photo - https://mma.prnasia.com/media2/1273704/shl_video_interviewing_capability.jpg?p=medium600 Logo - https://mma.prnasia.com/media2/997807/SHL_Logo.jpg?p=medium600 Related Links :http://www.shl.com
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World Record Parachute Jump to Benefit Climate Refugees
BRISBANE, Australia, Sept. 15, 2020 /PRNewswire/ -- Jump for the Planet, a record-breaking event will see Polish daredevil Tomasz Kozlowski attempt to break the current world record for the highest parachute jump previously held by Felix Baumgartner and Alan Eustace. In 2022 Tomasz Kozlowski will Jump For The Planet to raise funds and awareness for climate refugees Multimedia News Release for video and images:http://news.medianet.com.au/jumpfortheplanet/world-record-parachute Seven years after it was last attempted, the psychologist and mountain rescue expert plans to break the record by freefalling from the stratosphere at a record height of 45km (148,000 feet), as part of the Jump for the Planet crusade raising funds and awareness for climate refugees. According to Oxfam, natural disasters caused by climate change force people to abandon their homes at three times the rate of armed conflicts. The number of "climate refugees" is estimated at a quarter of a billion in the last decade. The 2022 jump will be live-streamed globally from cameras on Kozlowski's suit as he attempts to become the fastest non-powered man in history, exceeding terminal velocity and the speed of sound to reach over 1500 km/h (930 mph). Jump for the Planet includes a series of charity activities raising funds to finance modular buildings that can be readily transported to places affected by cataclysms and assembled into homes, schools, dormitories and more. Eighty percent of each modular home is built from recycling abandoned sea containers and plastic waste and powered exclusively by renewable energy. Jump for the Planet is supported by the Pho3nix Foundation, a non-profit organisation focussed on promoting physical activity as a way to improve children's health and inspire them to follow their dreams. About Tomasz Kozlowski, Founder Jump for the Planet Kozlowski is no stranger to breaking records. In 2014, he recorded the highest parachute jump in Europe (10,735 meters). After the resulting publicity, he realized he could go for more than just records. "I decided that if I jump again, if I do something difficult and extreme, I will use it to support people," he says. In 2017, he jumped 48 times in one day, raising funds for Polish sufferers of serious illness. In 2018, Kozlowski successfully jumped 100 times in one day, raising enough to purchase over 100 specialized wheelchairs for children in need. Kozlowski's latest charity was borne out of fears for his children's future. "In 20-30 years, the climate will be completely changed. We don't know what we're doing to our planet." Image Link:http://asianetnews.net/view-attachment?attach-id=370938 Photo - https://photos.prnasia.com/prnh/20200911/2914341-1?lang=0
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Microland and Microshare sign Global Sales Agreement for Smart Facilities solutions that enable safe return to work amid the pandemic
PHILADELPHIA, Sept. 15, 2020 /PRNewswire/ -- Microshare Inc., a pioneer in workplace and Smart Facilities data capabilities, has signed a global sales and system integration alliance with leading IT infrastructure services company Microland Ltd. Through this partnership, Microland will provide solutions for businesses, governments and other institutions seeking to return to work safely amid the global pandemic. Microland Under this agreement, Microland will provide solutions to customers globally leveraging Microshare's Internet of Things (IoT) Clean = Safe solutions, which include Universal Contact Tracing, Occupancy Monitoring, Predictive Cleaning and other capabilities that build resilience in corporate and government property portfolios. Karthikeyan Krishnan, Senior Vice President and Geo Head - EMEA, Microland, said, "In these unprecedented times, enterprises are looking for intrusion-free, low-cost and easy to deploy solutions. We are very pleased to partner with Microshare to deliver contactless smart solutions that leverage IoT and advanced analytics to enterprises wanting to ensure a safe and comfortable back to work environment for their employees. Microland seeks to transform the operations of the world's largest corporations and public institutions with digital twinning 'sensing-as-a-service' solutions for the post-pandemic world." Manjanath Nayak, Senior Vice President – US Customer Success and Global Head of IIoT, Microland, added, "Post the COVID-19 pandemic, getting the workforce and facilities safely back into production will require a comprehensive and scalable approach. This strategic partnership will bring to bear joint solutions that will recalibrate workspaces with infusion of next generation technologies. Microland intends to combine Microshare's capabilities with its IT infrastructure and IIoT expertise to deliver holistic solutions to its customers." "No one knows precisely what the 'new normal' will entail," says Ron Rock, Co-Founder and Chief Executive Officer of Microshare. "What we do know is that it is no longer acceptable to treat a facility filled with people – whether they're staff, tenants, residents or customers – as simply an inert, brick-and-mortar entity. Together, Microshare and Microland create the data that transforms these facilities into living, breathing assets, complete with the vital signs that tell facilities managers what is going on within their walls." The demand for Microshare's Smart Facilities solutions, which help to secure staff, customers and tenants, has grown rapidly since the emergence of the COVID-19 virus in Q1 2020. Both Microshare and Microland believe a comprehensive approach to building wellness solutions will address their clients' immediate concerns about safety, liability and corporate responsibility, and help them build resilience and sustainability for the long-run. "The global nature of the challenge facing businesses, governments and others who operate commercial real estate right now demands that we seek maximum scale and reach in Microshare's commercial relationships," adds Ron Rock. "We have prioritized a disruptive, quick-to-deploy solution set that can be easily tailored for the needs of a world eager to get back to work, whether they're commercial offices, college campuses, hospitals or factories. We feel like Microland is perfectly situated to help get these capabilities deployed around the world." About Microland Microland's delivery of digital and "Making Digital Happen" allows technology to do more and intrude less. We make it easier for enterprises to adopt nextGen Digital infrastructure. We enable this using our expertise in Cloud and Data Centers, Networks, Digital Workplace, Cybersecurity and Industrial IoT — ensuring the embrace of brilliance is predictable, reliable, and stable. Read more at https://www.microland.com/ About Microshare Microshare™ and our resellers provide "Sensing-as-a-Service" and Digital Twin capabilities for multinational clients in commercial real estate, healthcare, manufacturing and other sectors. Our Clean=Safe suite of Smart Facilities solutions use carefully curated IoT data to reveal previously hidden insights on the safety, efficiency and sustainability of their facilities. Microshare is a proud member of the LoRa Alliance®. Read more at https://www.microshare.io/ Logo - https://mma.prnasia.com/media2/965328/microland.jpg?p=medium600
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Hailiang Education Group Inc. Celebrates 25th Anniversary and Announces Two Strategic Projects and Three Major Actions in the New Era
HANGZHOU, China, Sept. 15, 2020 /PRNewswire/ -- Hailiang Education Group Inc. (Nasdaq: HLG) ("Hailiang Education", the "Company" or "we"), an education and management services provider of K-12 schools in China, today announced the celebration of its 25th anniversary. Since the establishment of the Company 25 years ago, Hailiang Education has been taking "Inclusive of all, brightening the world" as its educational philosophy, and has been deeply involved in the development of private education industry in China. We have developed from a school with a student body of merely 232 to a private education group that sponsors and manages 42 K-12 schools in seven provinces across China, and more than 100,000 students have since graduated from our schools. We've made great contributions to the development of basic education in China. The celebration of the 25th anniversary of Hailiang Education was held at the Hailiang Education Park Gymnasium at 3:00 PM on September 12, 2020 Beijing time. Attendees for the celebration included, apart from our own teachers and students, delegates from 15 universities, such as Peking University, Zhejiang University and Nanjing University, as well as hundreds of Hailiang alumni from all over the world. With China's high requirements for the operations and management of private education, the future development of private education requires school scale, education quality and a brand recognition. This is a challenge, but more importantly, an opportunity for Hailiang Education. After 25 years of rapid development, Hailiang Education has the ability and strength to take on more social responsibilities. Mr. Junwei Chen, Chairman and CEO of Hailiang Education, delivered a keynote speech at the Company's 25th anniversary at the celebration, and officially announced Hailiang Education's great blueprint for the future: Two Strategic Projects, which refer to the project of invigorating education with talents and the project of revitalizing education through technology; and Three Major Actions in the New Era, which refer to actions of revitalizing education in underdeveloped regions, building a highland for outstanding education, and building an education community in the "Belt and Road Initiative" economies. The Project of Invigorating Education with Talents "Leveraging the Best Talents to Train Even Better Talents" Talent development determines the future of an enterprise. The achievement of Hailiang Education is ultimately determined by our talents. We are committed to attracting more young talents and Hailiang alumni to join Hailiang Education. We believe that, as Hailiang Education's management team gets younger and more knowledgeable, Hailiang Education will surely reach the top of China's private education sector at a faster speed. As of August 31, 2020, Hailiang Education had more than 150 talents with overseas study and working experience; 12 teachers with professor equivalent titles, 12 exceptional teachers, 15 Golden Olympiad Competition Training Coaches, and 293 senior teachers; 14 PhD degree holders, and 334 master's degree holders; nearly 100 foreign teachers from more than 20 countries, including the United Kingdom and the United States; 26 graduates from Peking University and Tsinghua University, two of the most prestigious universities in China; 170 graduates from 36 first-class universities such as Zhejiang University, Renmin University, and Nanjing University. In the fiscal year 2019, Hailiang Education recruited 360 teachers, including 18 teachers from Peking University and Tsinghua University. In the future, Hailiang Education will continue to introduce high-end talents from all aspects. Within five years, we expect our talent pool will have 120 teachers with professor equivalent titles/exceptional teachers/Golden Olympiad Competition Training Coaches, 250 graduates from Peking University and Tsinghua University, 150 PhD degree holders, and 1,000 graduates from prestigious universities domestically and globally. By then, all of our teachers will hold bachelor's degrees and most of them will hold master's degrees or above. " Utilizing the Most Comprehensive Training Mechanism to Nurture a New Generation of Hailiang Education Elites Developed for Hailiang Education" Hailiang Education has deepened the reform on the supple of talents, creating a full-life-cycle talent training plan and realizing the internal circulation of Hailiang Education with the aim to recruit more Hailiang alumni for Hailiang Education. The full-life-cycle talent training plan will start from the junior year of high school, by providing students career plan evaluation to guide their future career decisions, by formulating talent training plans together with outstanding universities domestically and globally and achieving curriculum integration and mutual recognition of credits, and by enhancing students' comprehensive ability and professional capability through study trips, internships, and on-the-job teaching to shorten the time to students need to adapt to their positions at Hailiang Education after graduation in the future. In addition, Hailiang Education adopted the most comprehensive training and protection mechanism to develop a new generation of talents and provide support for the future of Hailiang Education. In terms of teaching, evaluation, continuous training, development, and retention of talents, Hailiang Education has formulated a rich and diversified system to provide a platform to ensure teachers' personal growth and enterprise development. In the next three years, Hailiang Education will cooperate with 10-20 top-tier universities in China, including normal universities, and connect with 30-50 foreign universities to achieve a talent pool with strong supply to navigate Hailiang Education's development. The Project of Revitalizing Education through Technology The entire education industry has been facing one continuous challenge - the "isolated island effect". There is insufficient interaction between schools in different regions, and therefore, good resources and experience cannot be shared or transferred. Through the empowerment of technology, "Education + Technology" allows sharing of educational resources to become more available, educational experience to become more replicable, teaching to become more efficient, education to become better, and management to become smarter. It is foreseeable that the rapid development of big data and artificial intelligence will detonate the "nuclear fusion" effect of education in the future. Hailiang Education will take advantage of science and technology to lead the reform of China's basic education, form its own core competitiveness and undertake the important task of "Education + Technology". With the mission of "making school operation easy for everyone", as the master designer, smart education leader, first-class product provider, and school operation management expert of Hailiang Education, Hailiang Education Research Institute will rely on a strong research team, sophisticated professional capabilities, accumulated education experience and high-end strategic partners to offer our students with happier learning experiences, healthier bodies, more knowledgeable minds, and more ideal university destinations. Hailiang Education combines 25 years of education management experience with technology, and cooperates with partners like Tsinghua University, Peking University, Hong Kong University, Alibaba Dharma Academy ad China Unicom to form a powerful pool of resources, curriculum, big data, experiences, and technologies. With the full cooperation and full support of all departments and schools of Hailiang Education, we will strive to complete the research and development of Hailiang Education's know-how of school operations, to reduce the headcount of a standard school by one-third, to improve our brand and education quality, and to fully support the future development of Hailiang Education. In addition, the Hailiang Education R&D Center, invested and constructed by Hailiang Group Co., Ltd. ("Hailiang Group"), a related party, will become a new engine for nurturing advanced educational concepts and technologies, cultivating outstanding talents, and promoting the full development of high-quality education. Hailiang Education R&D Center is committed to become China's first-tier think tank, and leading development of innovations in private education sector. Hailiang Education R&D Centre will aim to become the landmark project of Hailiang Group and an influential project in Hangzhou City, China. We expect to complete Hailiang Education R&D Center by the end of 2021. Three Major Actions in the New Era Revitalizing Education in Underdeveloped Regions In this new era when China is building a moderately prosperous society in all respects, basic education in many county level economies of underdeveloped areas in central and western of China is still behind the rest of China. Hailiang Education will actively promote the "the charity action of revitalizing education in underdeveloped regions", which is to improve the overall education quality in the region by setting up our schools, so that high-quality educational resources can reach more areas in China. By 2025, we expect to serve 2.5 million students and teacher, and to help 500 schools in underdeveloped regions, to comprehensively improve the quality of education and teaching, and facilitate the revitalization of education in underdeveloped areas. Building a Highland for Outstanding Education, Zhuji Hailiang Education Park will turn into a flagship campus of Hailiang Education. For the compulsory education stage, we plan to build high-end primary schools, middle schools and international schools. For the high school stage, the Company will further build up different modules of schools, such as science and technology schools, humanities schools, international schools, art schools, and sports schools. At the same time, Hailiang Education will operate an integrated education center on autism, and pave the road for the employment of disabled youths. Our goal is to become one of the best schools in China by 2035. Building an Education Community in "Belt and Road Initiative" Economies The international headquarters set up by Hailiang Education in Singapore in April 2020 will serve as a bridgehead to comprehensively promote the Company's international talent strategy in "Belt and Road Initiative" economies. Hailiang Education will build our basic education schools in countries along the "Belt and Road Initiative" route, build schools for international students and overseas Chinese students, export our education services overseas through Hailiang Mingyou, and strengthen Hailiang Education branding internationally. By 2025, Hailiang Education expects to have 10 schools outside China and become China's leading education brand globally. About Hailiang Education Group Inc. Hailiang Education (Nasdaq: HLG) is one of the largest primary, middle, and high school educational service providers in China. The Company primarily focuses on providing distinguished, specialized, and internationalized education. Hailiang Education is dedicated to providing students with high-quality primary, middle, and high school, and international educational services and highly valuing the quality of students' life, study, and development. Hailiang Education adapts its education services based upon its students' individual aptitudes. Hailiang Education is devoted to improving its students' academic capabilities, cultural accomplishments, and international perspectives. Hailiang Education operates multilingual programs including Chinese, English, Spanish, Japanese, Korean, and French. In addition, Hailiang Education has launched various diversified high-quality courses, such as Mathematical Olympiad courses, A-level courses, Australia Victorian Certificate of Education (VCE) courses, IELTS courses, TOEFL courses, as well as SAT courses. The Company has also formed an extensive cooperative network with more than 200 educational institutions and universities globally. Hailiang Education is committed to making great effort to provide its students with greater opportunities to enroll in well-known domestic and international universities to further their education. For more information, please visit http://ir.hailiangedu.com. Forward-Looking Statements This press release contains information about Hailiang Education's view of its future expectations, plans, and prospects that constitute forward-looking statements. These forward-looking statements are made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts in this announcement are forward-looking statements, including but not limited to the following: general economic conditions in China, competition in the education industry in China, the expected growth of the Chinese private education market, Chinese governmental policies relating to private educational services and providers of such services, health epidemics and other outbreaks in China, the Company's business plans, the Company's future business development, results of operations, and financial condition, expected changes in the Company's revenue and certain cost or expense items, its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the number of students entrusted by schools, the successful integration of acquired companies, technologies and assets into its portfolio of software and services, marketing and other business development initiatives, dependence on key personnel, the ability to attract, hire, and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property, the outcome of ongoing, or any future, litigation or arbitration, including those relating to copyright and other intellectual property rights, and other risks detailed in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"). Hailiang Education may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Hailiang Education's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, whether known or unknown, and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "will make," "will be," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "endeavor to," "is/are likely to," or other similar expressions. Further information regarding these and other risks is included in our annual report on Form 20-F and other filings with the SEC. All information provided in this press release is as of the date of this press release, and Hailiang Education undertakes no obligation to update any forward-looking statements, except as may be required under applicable law. For more information, please contact: Mr. Litao QiuBoard SecretaryHailiang Education Group Inc.Phone: +86-571-5812-1974Email: ir@hailiangeducation.com Ms. Tina XiaoAscent Investor Relations LLCPhone: +1-917-609-0333Email: tina.xiao@ascent-ir.com Related Links :http://ir.hailiangedu.com
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Local Shoppers Drive New Heights of 'Revenge Consumption', K11 shopping malls in Mainland China and Hong Kong SAR recorded 85% and 35% sales
Five phenomena behind 'experiential consumption' led consumption reboundHONG KONG, Sept. 14, 2020 /PRNewswire/ -- In the midst of the broader revenge consumption trend, there is also a new drive for 'experiential consumption' led by domestic shoppers has sparked a remarkable Q2 sales rebound in K11 shopping malls in Mainland China and Hong Kong SAR. In the second quarter of this year, sales turnover at K11 shopping malls in Mainland China saw quarter-on-quarter growth of 85%, while K11 MUSEA in Hong Kong experienced a 35% rebound from the first quarter. As Mainland China was the first market to see gradual recovery from COVID-19, K11 China captured this opportunity for 'experiential consumption' by connecting shoppers with art, culture, nature, child-friendly activities and bespoke experiences as consumers coming out of months of social-distancing and lockdown due to the COVID pandemic crave new experiences and opportunities to accumulate "knowledge capital" on top of doing some high-quality shopping. This coincides with a three-day round-the-clock shopping campaign at four K11 malls from 7 – 9 August 2020. The result was over RMB100 million in total sales, a four-fold growth from a year earlier. K11 MUSEA in Hong Kong sees revenge consumption as the city gradually recovers from a third wave of COVID-19 K11 Shenyang, China, Weekend Natural Market K11 shopping malls in both Mainland China and Hong Kong continue to appeal to domestic customers and top tier recurring spending consumers, making them more resilient and less exposed to the drop of tourism during the pandemic. Furthermore, in response to changing consumer needs during the pandemic, K11 shopping malls worked with tenants to craft an omni-channel sales approach that digitally transforms and improves the products and services offered, which fueled five phenomena behind a new trend of 'revenge consumption'. K11's Accelerated Digitalisation Unleashes Domestic Shoppers' Accumulated Purchasing Power With travel restrictions still in place and the global COVID-19 situation yet to stabilize, domestic shoppers in both the Mainland China and Hong Kong markets continue to prefer to stay home. K11 Group has been quick to innovate and adapt existing online and offline channels to lead a change in consumption habits and serve customers' changing needs and purchasing preferences. K11 drove online traffic and sales by launching several online sales channels including "K11 Go" on WeChat in Mainland China, which has drawn more than 1.8 million members, and "K11 Live Shop" in Hong Kong. It also ran multiple livestreaming events on popular social media platforms. In addition, K11 MUSEA in Hong Kong provides shopping and meal delivery services for its VIP customers. These innovative digital/online sales channels, which accounted for 15% of overall sales from July to August, have helped K11 mall tenants stay connected with their customers despite social distancing restrictions during the pandemic. The innovations allow tenants to generate sales while fulfilling the fast-changing needs of millennial customers who crave bespoke experiences, curated content and products. Artificial Intelligence-powered CRM+ provides Optimal Customer Experience K11 Group leverages the ecosystem of the New World brand to send marketing information to its large stakeholder network, which helps to drive footfall and sustain a loyal customer base. K11 malls also use an artificial intelligence-powered CRM+ system to understand customers' past consumption habits and preferences to accurately promote the right products that will appeal to them. Currently 60 % of K11 MUSEA customers are K11 members, reflecting customer traction and a tendency among our customers to come back for recurring spending. New Global Restaurants and 'High Tea' Draw Visitors to K11 Despite Pandemic Even though the F&B industry was the first to experience the impact of the pandemic, K11 shopping malls have continued to introduce different gastronomy experiences from all over the world. In Hong Kong, more than 10 new restaurants and bars will debut at K11 MUSEA between August and October, defying overall trends during the pandemic. These include COBO HOUSE and its exquisite gourmet dining, Sushi Wadatsumi which is famous for its Omakase, contemporary Korean vegetarian at Soil to Soul, hotpot flagship COUCOU Reserve, and Greyhound Café Galleria from Bangkok. At Glasshouse Greenery, innovative culinary fusions and specialty catering include noodle bar concept Sexy Crab, truffle specialist Golden Diamond Truffle, all-in-onebox, grab-and-go concept Foodbox, artisanal dessert maker Flakes & Layers by acclaimed model Amanda S, creative cookies brand Cookie Vission, and local craft beer brewery hEROES Beer Co. Restaurants that provide afternoon tea service including Fortnum & Mason's first stand-alone store and restaurant in Asia, Western-Japanese fusion cafe Afternoon Tea TEAROOM, and Artisan Lounge all saw bookings rebound after public gathering restrictions eased. Malls with Vast Open Spaces as Preferred Hang-out Spots for Shoppers and Families Post-COVID K11 MUSEA's ability to provide diversified consumer choices sees shoppers, young couples and families enjoy the full spectrum of goods and services from fashion, luxury buys, dining to children's products, leisure, art and entertainment. Furthermore, outdoor recreational spaces have also become particularly important to the public during the pandemic. The Bohemian Garden and Nature Discovery Park at K11 MUSEA, which is Hong Kong's first urban biodiversity museum and sustainability-themed education park, continues to be popular among families and shoppers who go there to relax in the open air in between shopping. K11 Malls Connect Locals with the World by Cultivating Immersive Consumer Experience in Art, Culture, Nature and Commerce As part of its commitment to create shared value and enrich customers' daily lives through creativity, art and culture, innovation and sustainability, K11 malls have continued to bring unique cultural and art content to the public. These visionary efforts aim to stimulate creativity and build up a wealth of 'knowledge capital' to inspire the boundless imagination of millennials and future generations. K11 MUSEA opened the K11 Art & Cultural Centre and Sculpture Park in August. Covering an area of over 105,000 square feet (9,830 square meters), the multi-purpose cultural space features an inspiring collection of international artworks by globally celebrated artists such as KAWS, Mary Weatherford, Erwin Wurm and Yayoi Kusama. Curation of art pieces across K11 MUSEA represents the exchange of ideas in a multicultural, multilingual society like Hong Kong. About K11 Group K11 Group was founded in 2008 by renowned entrepreneur Adrian Cheng. The unique concept brand combines art and commerce in commercial and residential real estate, and a growing portfolio of brands across different sectors in Greater China and around the world. A destination 10 years in the making, K11 MUSEA, K11 Group's most ambitious Cultural-Retail development, opened its doors in August 2019. Reinvigorating Hong Kong's waterfront, Cheng's vision is to make K11 MUSEA the Silicon Valley of Culture that will facilitate a broader discussion on the interconnectedness of creativity, culture and innovation. In addition to its flagship K11 Art Malls, K11 Group also operates K11 ATELIER, a network of office buildings for the next-generation workforce; luxury residences for worldly travellers K11 ARTUS; open education platform K11 KULTURE ACADEMY; consulting and market research institution K11 Future Taskforce; K11 Art Foundation, China's first not-for-profit to incubate Chinese artists and curators; K11 Craft & Guild Foundation, a foundation that is dedicated to preserving traditional Chinese crafts and bringing them into the future. K11 Group is based in Hong Kong and has operations in Greater China, as well as investments in Europe and the US. Through K11 Group, Cheng's stated aim is to enrich the new consumer's daily life through the power of creativity, culture and innovation. This work will create a new global identity for Chinese millennials as well as cultivate opportunities for communities to thrive, connect, work and shop. By 2025, K11 Group will have gained a footprint in 36 projects (total GFA 2.84million sqm) in ten cities across Greater China. K11 was honoured by Fast Company as one of the most innovative companies in 2019 for its disruptive retail model. Photo - https://photos.prnasia.com/prnh/20200914/2915914-1-a?lang=0 Photo - https://photos.prnasia.com/prnh/20200914/2915914-1-b?lang=0
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Smart Labs Market to Witness a Two-fold Growth by 2023, Says Frost & Sullivan
Growth is expected across all technology pillars that support the smart labs ecosystem, with significant opportunities around robotics, automation, IoT, and AI SANTA CLARA, California, Sept. 14, 2020 /PRNewswire/ -- Frost & Sullivan's recent analysis, Smart Labs as Key Drivers for the Digital Transformation of Diagnostic Laboratories, 2020, finds that rising demand for smart instruments and digital tools within the diagnostics, academic, and commercial research labs will powerfully drive the smart lab market. The thriving market is estimated to nearly double, reaching $4.68 billion by 2023 from $2.39 billion in 2019, registering double-digit growth at a compound annual growth rate (CAGR) of 18.3%. However, the fallout of the COVID-19 pandemic will continue to adversely impact the industry throughout 2020, emphasizing the need for automation to reduce costs and increase efficiency. Photo - https://mma.prnewswire.com/media/1252788/Frost_And_Sullivan_Smart_Labs_Diagnostic_Laboratories.jpg "The traditional lab market will experience a value proposition shift from hardware to digital solutions such as artificial intelligence (AI), big data, and cloud technologies," said Amol Dilip Jadhav, Transformational Health Research Analyst at Frost & Sullivan. "Going forward, in response to the increasing penetration of digitization, instrument and automation vendors will shift their focus towards value propositions aligned with the rise of the app economy." Jadhav added: "The adoption of smart labs by specific application segments presents a way of understanding the impact that will be created through the combination of technologies serving the specific opportunity, such as robotics, internet of things, big data, artificial intelligence and cloud technologies. Additionally, predictive maintenance, real-time data management, and continuous and remote operations present the highest CAGR opportunities, standing at 24.8%, 24%, and 23.8% by 2023, respectively." Smart Lab-as-a-Service, deploying the internet of things (IoT) to standardize workflow, digital twins for performance improvement, and edge computing for real-time data management present immense growth prospects for vendors involved in the smart lab space, including: Optimize workflow and avoid duplicate data to ensure that instrument integration meets user demands. Address interoperability concerns, given the lack of standardization for RFID hardware and software. Improve the performance with digital twins in automatic mode to significantly reduce the testing team's efforts, enabling them to envision scenarios, react promptly and reduce possible human error. Integrate with software vendors and edge analytics solution providers to nurture and build a self-sustaining ecosystem. Smart Labs as Key Drivers for the Digital Transformation of Diagnostic Laboratories, 2020 is the latest addition to Frost & Sullivan's Transformational Health research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. About Frost & Sullivan For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Smart Labs as Key Drivers for the Digital Transformation of Diagnostic Laboratories, 2020MF14 Contact: Mariana Fernandez Corporate Communications P: +1 (210) 348.1012 E: mariana.fernandez@frost.com https://www.frost.comRelated Links :http://www.frost.com
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Color World Announces Debut of the Color World App After its Online Concert Becomes Part of Music History
NEW YORK, Sept. 14, 2020 /PRNewswire/ -- Color Star Technology Co., Ltd. (Nasdaq CM: HHT) (the "Company", "we" or "HHT") officially broadcasted the Color World Online Concert to audiences around the globe via its official platform "Color World" at 9 pm Eastern Time on September 9th. The Color World Online Concert attracted over half a million viewers from mainland China and all over the world. Global Social media networks reached over 10 million hits. More than ten international celebrities including Grammy-winning jazz guitarist Larry Carlton, "Pop Music Queen" Na Ying from mainland China, Hong Kong's legendary singer George Lam, globally-renown pianist Wu Muye, R&B singer-songwriter Ashanti, among others, presented a music feast with remarkable international flavors. Combining showcase performances with proprietary tech tools, the event was equally memorable for moving vocals and masterful instrumentals as well as its sheer technological reach. While the performers took center stage, investors saw yet another emergence of the future's star economy of educational and entertaining content-sharing. Color Star is not only in the business of online concert promotions, it is a technology-driven company set to break past the boundaries between celebrity entertainment and online knowledge-sharing. On its signature platform, Color World, international artists and celebrities have been assembled to produce content that extends beyond a show and more so a variety of courses. More than 40 industry leaders have transitioned from celebrities to celebrity tutors—with the service granting fans access built around mentorship, not just viewership. The courses include music and instruments, film and television, traditional and modern art, and sports, etc. Through the app, developed by its subsidiary Color China, Color World is targeting a broader international market, having already covered more than 30 cities in 5 countries. With the continuous expansion and enrichment of the celebrity tutor library, the platform looks to become an integral part of the lifestyle and culture of its community—notably at its core is the self-improvement phenomenon that rose out of pandemic lockdowns. Color Star Technologies finds itself in step with users that want to connect with others, particularly those they look up to, while never leaving the comfort and peace of mind found at home. Chinese Edition released on September 10, 2020 Android: https://www.color-star.cn/wxappiOS: https://apps.apple.com/cn/app/colorworld/id1529123508 The Company's CEO Biao (Luke) Lu commented, "The Color World Online Concert is just a way to let more people know who we are, to introduce them to our entertainment culture sharing platform the 'Color World' app. In the future, in addition to online concerts, we will also present more highlights from related fields such as celebrity management, entertainment courses, cultural projects, and industry trends. We plan to cast a larger and larger spotlight. And at each step of the way we look forward to the increased attention." About Color Star Technology Co., Ltd. Color Star Technology Co, Ltd. (Nasdaq CM: HHT) offers online and offline innovative knowledge-paid services for music and entertainment industries globally. Its official website is www.colorstarinternational.com. The Company routinely posts important information on its website. Its business operations are conducted through its wholly-owned subsidiaries Color China Entertainment Ltd. and CACM Group NY, Inc. The Company's online education is provided through its Color World music and entertainment education platform. The Company also offers after-school entertainment tutoring in New York via its joint venture entity Baytao LLC. Forward-Looking Statements Certain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include the business plans, objectives, expectations and intentions of the parties following the completion of the acquisition, and HHT's estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: there is uncertainty due to the COVID-19 pandemic and the impact it has had and will continue to have on HHT's operations, the demand for the HHT's products and services, global supply chains and economic activity in general. These and other risks and uncertainties are detailed in the other public filings with the Securities and Exchange Commission (the "SEC") by HHT. Additional information concerning these and other factors that may impact our expectations and projections will be found in our periodic filings with the SEC, including our Annual Report on Form 20-F for the fiscal year ended June 30, 2019. HHT's SEC filings are available publicly on the SEC's website at www.sec.gov. HHT disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. Color Star Technology Co., Ltd. Contact: Investor Relations FinancialBuzzIR™ info@FinancialBuzzIR.com Tele: +1-877-601-1879
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UAE's Mohamed bin Zayed University of Artificial Intelligence and Israel's Weizmann Institute of Science sign first of its kind MoU to colla
ABU DHABI, UAE, Sept. 14, 2020 /PRNewswire/ -- The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) in the UAE and Israel's Weizmann Institute of Science have signed a Memorandum of Understanding (MoU), which will see the two institutes work together to advance the development and use of artificial intelligence (AI) as a tool for progress. His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of the MBZUAI Board of Trustees, and Weizmann Institute President Professor Alon Chen, signed the Memorandum of Understanding (MoU). The MoU, which is the first of its kind to be signed between two higher education institutes from the UAE and Israel, covers a range of opportunities for collaboration, including student and postdoctoral fellows exchange programs, conferences and seminars, various forms of exchange between researchers, sharing of computing resources, and the establishment of a joint virtual institute for AI. This follows the historic Peace Accord agreement, which establishes full normalization of relations between the UAE and Israel. The MoU was signed virtually by His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of the MBZUAI Board of Trustees, and Weizmann Institute President Professor Alon Chen, and was attended by officials from MBZUAI and Weizmann Institute. MBZUAI is the world's first graduate-level, research-based AI university. Based in Abu Dhabi, the University offers MSc and PhD programs in computer vision, machine learning, and natural language processing. MBZUAI is introducing a new model of academia and research in AI, providing students and faculty access to the world's most advanced AI systems to unleash the technology's full potential. The Weizmann Institute of Science is one of the world's top-ranking multidisciplinary research institutions and offers masters' and doctoral-level degrees across five faculties. It is noted for its wide-ranging exploration of the natural and exact sciences. Institute scientists are advancing research on the human brain, artificial intelligence, computer science and encryption, astrophysics and particle physics. Dr. Al Jaber said: "As a pioneering university, MBZUAI seeks out partnerships with leaders in their respective fields to further our collective scientific understanding and push the boundaries of technological innovation. Therefore, I welcome the opportunity to collaborate with such a renowned establishment as the Weizmann Institute of Science. Through this MoU we can leverage the expertise of both our institutes towards using artificial intelligence to address some of the world's most pressing challenges, from COVID-19 to climate change, and beyond." Professor Alon Chen commented: "We are thrilled to have the opportunity to collaborate with this unique, pioneering institution and to advance the field of artificial intelligence together. As a neuroscientist, I believe that AI is the extension of the power and intricacy of the human brain into the digital realm, and the implications will be vast, affecting our lives and our health, and the global economy. It is said that science knows no borders. I have every hope this collaboration, between scientists in the same region will be a shining example of this expression, and will extend the boundaries of human knowledge." Photo - https://mma.prnasia.com/media2/1273070/mbzuai.jpg?p=medium600 Logo - https://mma.prnasia.com/media2/1227419/MBZUAI_Logo.jpg?p=medium600
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Leading University Leverages Nintex Promapp® to Propel Process Excellence
University of Western Australia deploys the process mapping capabilities of the Nintex Process Platform to accelerate process improvement and underpin business continuity PERTH, Australia, Sept. 14, 2020 /PRNewswire/ -- Nintex, the global standard for process management and automation, today announced that The University of Western Australia (UWA) has embarked on the deployment of Nintex Promapp®, the visual and easy-to-use process mapping and management capability of the Nintex Process Platform, to support long-term continuous process improvement across all its faculties and operations. UWA is ranked in the top 100 of universities around the world, based on QS World University Rankings 2020, and provides world-class education, research and community engagement. It has nearly 24,000 students enrolled across three locations in Crawley, Claremont and Albany as well as in satellite educational facilities in Kalgoorlie. The decision to leverage the process mapping capabilities of Nintex Promapp follows a requirement by the university for each faculty and operations area to document, understand and update their processes as well as support a culture of business continuity and improvement. UWA needed to gain a best practice approach to all end-to-end processes from curriculum planning to timetabling and student enrolment, while achieving a more standardised approach and managing process variants effectively. "We looked at several solutions but were impressed with Nintex's ability to give us a whole-of-university approach for end-to-end document processes, as well as accountability and the tactical ability for all staff to easily edit and update processes," says Emma Bailey, Continuous Improvement Manager, at UWA's Office of Service Delivery. The University of Western Australia chose Nintex Promapp because of the software's central information repository where processes and all associated documentation can be maintained, and process owners and experts can own updates and improvements. Processes and procedures are currently being documented in the university's finance, HR and brand, marketing and recruitment teams and will roll out across campus management thereafter. Nintex Promapp is also supporting faculties with distinct requirements such as the Faculty of Health and Medical Sciences , with service delivery in podiatry, dental clinics and rural medical placements, where the tool will help refine process hierarchies and associated documentation for coaching staff. "Other benefits of using Nintex Promapp include the ability to easily move process hierarchies from a high-level process to a really detailed instruction," Bailey says. "The platform enables you to see links across processes and identify processes marked up for action. This will deliver a high-performance culture that is values-led, collaborative, open and ultimately supports all our centralised and remote staff." The university predicts that long-term benefits from process management will include improved internal and external customer service by being able to provide transparency around specific processes. "By having processes documented, we will reduce errors, gain efficiencies, and provide a standard service delivery," adds Bailey. "Process improvement will enable individuals to take responsibility for the processes they own and encourage them to provide feedback on processes they're in, leading to greater staff satisfaction. We will create a working environment in which staff are inspired to give their best in process excellence every day and are motivated to be part of UWA's success." To experience the ease and power of the Nintex Process Platform for managing, automating and optimising processes request a personalised demo at https://www.nintex.com/request-demo/. Media ContactLaetitia SmithNintex laetitia.smith@nintex.com cell: +64 21 154 7114 About NintexNintex is the global standard for process management and automation. Today more than 8,000 public and private sector clients across 90 countries turn to the Nintex Platform to accelerate progress on their digital transformation journeys by quickly and easily managing, automating and optimising business processes. Learn more by visiting www.nintex.com and experience how Nintex and its global partner network are shaping the future of Intelligent Process Automation (IPA). Product or service names mentioned herein may be the trademarks of their respective owners. Logo - https://mma.prnasia.com/media2/700078/Nintex_Logo.jpg?p=medium600 Related Links :http://www.nintex.com
