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Linker Vision Unveils Groundbreaking Large Vision Model at NVIDIA GTC, Leading the New Era of Vision AI
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TCL CSOT's World's First 14" 2.8K Inkjet Printing Hybrid OLED Display Wins AWE Award
Blue Hat Interactive Entertainment Technology Announces Corporate Refocus into AI Financial Services
ProLogium Showcases Path to De-carbonization with Its Exclusive Solid-State Battery at Taipei Net Zero City Expo
oneZero and Finalto Asia boost Asia-Pacific liquidity for trading customers
MHP and LMU Munich publish Industry 4.0 Barometer 2024
Kingdee International Announces FY2023 Results - Continuous high-quality growth for cloud services business
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HKBN Empowers SPOs with Free Phishing Email Assessment - Results showed 10% failure rate, nearly double the global benchmark for NGOs
HONG KONG, March 19, 2024 /PRNewswire/ -- In response to the surge in phishing attacks over recent years, HKBN Group (HKBN) has collaborated with Green Radar, a leading cybersecurity and innovation technology company, to conduct free phishing email drills for ten social profit organisations (SPOs). This initiative aims to enhance SPO employees' alertness, equipping them with the skills to effectively identify and mitigate the potential risks from suspicious phishing attempts. HKBN conducted free phishing email drills for ten social profit organisations. This initiative aims to enhance SPO employees’ alertness of cybersecurity. (From left) Wilson Tang, HKBN Co-Owner and Chief Information Security Officer; Dr. Wan Lap Man, Executive Director of Hong Kong Playground Association; and Li Tin Lun, Administrative Head of Hong Kong Christian Service. The phishing email assessment was conducted in February this year, simulating the most prevalent hacking tactics observed in recent years. Nearly 10,000 employees from ten participating SPOs were involved and received highly realistic phishing emails. These deceptive messages, offering "first-come-first-served" gift giveaways, lured recipients to click on embedded links and give up their personal information. The result revealed that employees from all ten SPOs were vulnerable to the phishing emails. Notably, about one-tenth (10.7%) of the approximately 10,000 employees failed to identify the phishing emails, a figure that is nearly twice as high as the global average failure rate of 5.5%[1] for non-profit organisations. Alarmingly, 43.6% of those who failed also clicked on spam links and submitted sensitive personal information, including their names and email addresses. Overall, these findings underscore the need for heightened vigilance among Hong Kong's SPO community regarding phishing emails. Among the ten SPOs that participated in the assessment, four indicated that they had suffered losses due to phishing attacks, while eight acknowledged that their employees lacked adequate technical knowledge in cybersecurity. Although most SPOs have implemented cybersecurity measures internally, (for example, eight SPOs said they have an alert mechanism in place for cyberattacks, and seven SPOs had updated their cybersecurity measures in the past year), more than half of them (six SPOs) admitted that they had either not provided any cybersecurity awareness training or had only provided one session in the past year. Wilson Tang, HKBN Co-Owner and Chief Information Security Officer said, "The rapid development of artificial intelligence has led to an upsurge in phishing attacks. The Hong Kong Computer Emergency Response Team Coordination Center (HKCERT) recorded the highest number of phishing incidents in five years last year[2], reflecting the urgent need for all sectors of society to enhance cybersecurity. SPOs serve the public and handle data from numerous stakeholders, the risks they are facing are definitely not lower than those of private enterprises. In our assessment, all participating SPOs fell victim to phishing. When just one employee opens a malicious email, he or she could fall into hackers' traps, which can potentially lead to financial losses and other damaging outcomes." Li Tin Lun, Administrative Head of Hong Kong Christian Service said, "Cybersecurity is critically important, but most SPOs are often constrained by budgets as they prioritise resources on operations and community care. We are grateful to HKBN for stepping up its support through this programme, which will go a long way to enhancing cybersecurity awareness and know-how in the social sector. Furthermore, we would also like to call on the industry to allocate more resources to safeguarding the personal data and interests of different stakeholders." As part of its commitment to fostering digital inclusion, HKBN established the HKBN SPO IT Club in 2023, offering voluntary services such as cybersecurity and IT training to the community. For those who wish to receive more support in cybersecurity can register to join the HKBN SPO IT Club and receive free consultation services. HKBN Enterprise Solutions will be organising a complimentary seminar on phishing prevention and mitigation, scheduled for 15 April 2024. Click here for more details. [1] Source: Phishing Benchmarking Analysis Center | KnowBe4 [2] Source:HKCERT Releases Annual Information Security Data and Forecasts About HKBN Group Headquartered in Hong Kong with operations spanning across Hong Kong, Macau and mainland China, HKBN Group is a leading integrated telecommunications and technology services provider. The Group provides a full range of one-stop, high-quality information and communication technology (ICT) solutions and an unlimited services portfolio. HKBN's extensive tri-carrier fibre infrastructure covers over 2.55 million residential homes and 8,100 commercial buildings and facilities across Hong Kong. Committed to creating a lasting positive impact to wherever it operates, HKBN embraces a core purpose to "Make our Home a Better Place to Live" and has received a highest possible rating of AAA in MSCI's 2022 ESG Ratings assessment in environment, society and governance. The Group is managed by hundreds of Co-Owners (supervisory and management level Talents in the Group) who invested their savings to buy shares of HKBN Ltd. (SEHK Stock Code: 1310). For more information about HKBN Group, please visit https://www.hkbn.net/group/en.
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Enfinity Global completes a minority sale of its 400 MW operating portfolio in the United States to Kyushu Electric
MIAMI, March 19, 2024 /PRNewswire/ -- Enfinity Global Inc., a leader in renewable energy, today announced the successful completion of a minority sale in its 400 MW U.S. operating portfolio to Kyushu Electric Power Co. Inc. (Kyushu Electric), a leading Japanese utility. Kyushu Electric has now a 40% equity interest in this portfolio, while Enfinity Global retains 60% and serves as the long-term asset manager of the portfolio. Enfinity Global completes a minority sale of its 400 MW operating portfolio in the United States to Kyushu Electric In September 2023, Kyushu Electric and Enfinity Global signed a definitive agreement for this deal which includes 28 operational solar PV power plants located in California, North Carolina, and Idaho. Enfinity's plans to build its 11.6 GW proprietary pipeline in the U.S. over the next few years and pursue further investment opportunities both in M&A transactions and agreements with renewable energy developers. The company recently announced the acquisition of 546 MW of solar assets under development from CS Energy in Colorado. "Our strategy is to partner with investors such as Kyushu Electric that share similar long-term values and goals in the energy markets where we operate", said Carlos Domenech, CEO of Enfinity Global. "Enfinity is a natural partner for investors looking for scale in renewable energy, addressing decarbonization targets, and obtaining attractive returns while having a reliable operational partner on the ground. We are grateful for the trust Kyushu Electric has placed in Enfinity Global". About Enfinity Global Enfinity Global Inc., together with its subsidiaries, is a US-based leading renewable energy and sustainability services company established in 2018. The company owns a portfolio of 21.6 GW of renewable energy and storage projects, including operational assets, under construction, and in different stages of development. With offices across US, Europe, Japan, and India, the company aims to make a significant contribution to a sustainable net zero carbon economy. Enfinity's leadership team is one of the most experienced global teams in renewables and brings over $37 billion of financing experience in the renewable energy sector with over 15 GW of developed and acquired solar and wind assets. www.enfinity.global Important Notice This press release contains projections and pro forma financial information based upon assumptions which are inherently uncertain and unpredictable. Actual results may differ materially from those discussed in, or implied by, the statements in this press release. This press release and any projections or pro forma information contained herein represent only our management's current estimates as of the date of this release and have not been subject to independent audit. We assume no duty to update the information contained in this press release. We make no representation or warranty as to the accuracy or completeness of the information contained in this press release. Photo - https://mma.prnasia.com/media2/2365376/Solar_Power_Plant_in_North_Carolina.jpg?p=medium600Logo - https://mma.prnasia.com/media2/1907378/Enfinity_Global_Logo.jpg?p=medium600
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Enfinity Global completes a minority sale of its 400 MW operating portfolio in the United States to Kyushu Electric
MIAMI, March 19, 2024 /PRNewswire/ -- Enfinity Global Inc., a leader in renewable energy, today announced the successful completion of a minority sale in its 400 MW U.S. operating portfolio to Kyushu Electric Power Co. Inc. (Kyushu Electric), a leading Japanese utility. Kyushu Electric has now a 40% equity interest in this portfolio, while Enfinity Global retains 60% and serves as the long-term asset manager of the portfolio. Enfinity Global completes a minority sale of its 400 MW operating portfolio in the United States to Kyushu Electric In September 2023, Kyushu Electric and Enfinity Global signed a definitive agreement for this deal which includes 28 operational solar PV power plants located in California, North Carolina, and Idaho. Enfinity's plans to build its 11.6 GW proprietary pipeline in the U.S. over the next few years and pursue further investment opportunities both in M&A transactions and agreements with renewable energy developers. The company recently announced the acquisition of 546 MW of solar assets under development from CS Energy in Colorado. "Our strategy is to partner with investors such as Kyushu Electric that share similar long-term values and goals in the energy markets where we operate", said Carlos Domenech, CEO of Enfinity Global. "Enfinity is a natural partner for investors looking for scale in renewable energy, addressing decarbonization targets, and obtaining attractive returns while having a reliable operational partner on the ground. We are grateful for the trust Kyushu Electric has placed in Enfinity Global". About Enfinity Global Enfinity Global Inc., together with its subsidiaries, is a US-based leading renewable energy and sustainability services company established in 2018. The company owns a portfolio of 21.6 GW of renewable energy and storage projects, including operational assets, under construction, and in different stages of development. With offices across US, Europe, Japan, and India, the company aims to make a significant contribution to a sustainable net zero carbon economy. Enfinity's leadership team is one of the most experienced global teams in renewables and brings over $37 billion of financing experience in the renewable energy sector with over 15 GW of developed and acquired solar and wind assets. www.enfinity.global Important Notice This press release contains projections and pro forma financial information based upon assumptions which are inherently uncertain and unpredictable. Actual results may differ materially from those discussed in, or implied by, the statements in this press release. This press release and any projections or pro forma information contained herein represent only our management's current estimates as of the date of this release and have not been subject to independent audit. We assume no duty to update the information contained in this press release. We make no representation or warranty as to the accuracy or completeness of the information contained in this press release.
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Geek+ and Ferag Announce APAC Supply and Integration Partnership
BEIJING, March 19, 2024 /PRNewswire/ -- Geekplus, the global leader in mobile robot and smart logistics solutions, today announced a partnership with Ferag APAC. This partnership empowers Ferag APAC to supply, install, and service Geekplus equipment, establishing a comprehensive solution provider for the Asia-Pacific region. Geekplus is the leader in mobile robot and smart logistics solutions. This strategic alliance unites the Geekplus cutting-edge suite of Goods-to-Person mobile robotic solutions with Ferag's systems integration expertise and advanced warehouse software to offer clients across the Asia-Pacific region a fully integrated warehouse system. Karl Friesenbichler, Managing Director for the Asia Pacific at Ferag, conveyed his enthusiasm about the partnership. "I am delighted to partner with Geekplus for the sales and implementation of their robotics," he said. "Many of our clients, including Myer — who has notably installed three Geekplus models: the Tote-to-Person, Shelf-to-Person and sorting solutions — are already reaping the benefits of Geekplus robots." Lit Fung, head of international business at Geekplus, said: "Our strategic partnership with Ferag has been instrumental in supporting our market growth in the Asia-Pacific region. By leveraging their experience and adhering to the highest quality and service standards in system integration, we are ensuring efficient operations in our clients' distribution centers. We are excited about the prospects of more projects going live as a result of our collaboration with Ferag." Known for pioneering solutions in order fulfillment, Geekplus caters to more than 1,000 international clients. Founded in 2015, Geekplus holds a strong market presence in the United States, Germany, the United Kingdom, Japan, South Korea, Mainland China, the Hong Kong SAR, and Singapore. UPS, Catch.com.au, Adidas, CEVA, DB Schenker, Kuehne+ Nagel, Wal-Mart, Toyota, and others have all upgraded their intralogistics processes with Geekplus solutions. Specializing in the development and delivery of comprehensive intralogistics solutions, Ferag is a Swiss family-owned enterprise with its headquarters in Hinwil, Zurich, Switzerland. For over 65 years, they have been recognized as the world market leader in the development, design, and distribution of material flow systems, catering to a diverse array of applications. Their commitment to exemplary quality and innovation, combined with unparalleled system integration services and advanced warehouse software, positions Ferag as the ultimate one-stop shop. They consistently meet their clients' exacting requirements with solutions that are both timely and within budget.
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Telkomsel and Huawei Inaugurate Indonesia's First 5G Smart Warehouse and 5G Innovation Center
JAKARTA, Indonesia, March 19, 2024 /PRNewswire/ -- Leading telecommunications provider Telkomsel and global ICT solutions provider Huawei have inaugurated Indonesia's first 5G Smart Warehouse and 5G Innovation Center in Bekasi Regency, West Java. This landmark facility showcases the potential of 5G technology to transform warehouse management, boosting operational efficiency and creating new opportunities for the logistics industry to support the digital economy leapfrog towards the Golden Indonesia Vision 2045. Telkomsel and Huawei inaugurating Indonesia's first 5G Smart Warehouse togther with other partners The inauguration ceremony was officiated by Mr. Long, CEO of Huawei Indonesia, and attended by dignitaries including Dr. Ir. Ismail MT, Director General of Resources Management and Equipment of Posts and Informatics, Ministry of Communication and Informatics; Indra Mardiatna, Telkomsel Director of Network; Derrick Heng, Telkomsel Marketing Director; Mahendra Rianto, Chairman of the Indonesian Logistics Association; and representatives from Bandung Institute of Technology, Telkom University, and other representatives from industry partners. Director General Dr. Ir. Ismail MT emphasized, "Huawei's 5G Smart Warehouse stands as both a wake-up call and a quintessential model for the ecosystem, demonstrating the immediate and seamless integration of 5G technology into digitalization efforts. This integration evidently yields innovative solutions that extend benefits beyond the logistics sector to a multitude of industries. Such advancements are attainable solely through the concerted efforts of all stakeholders, united in the pursuit of accelerating the nation's digital transformation." Mr. Long, CEO of Huawei Indonesia, highlighted Huawei's commitment to supporting the government and industry players to unlock Indonesia's digital opportunities. "At last year's Solo 5G summit, together with industry partners, we pledged to boost the 5G ecosystem. The 5G Smart Warehouse is a testament to the value that 5G technology can bring to traditional industries in Indonesia," he stated. Indra Mardiatna, Telkomsel Director of Network remarked, "Aligned with Indonesia's vision of pioneering innovations that propel the nation's advancement, Telkomsel remains steadfast in its commitment to deliver superior connectivity, pioneering solutions, and inventive services designed to foster empowerment and catalyze expansive opportunities for entrepreneurial growth within the country. We are optimistic that the deployment of the 5G Smart Warehouse alongside the 5G Innovation Center's conceptual solutions will inaugurate a transformative era for professionals within the logistics sector, particularly by enhancing managerial competencies and amplifying the operational efficacy of warehousing systems. With the unwavering support of the government, courtesy of the Ministry of Communication and Information, and through synergistic partnerships with stakeholders including Huawei, industry associations, and the academic community, Telkomsel pledges to persist in championing the rapid evolution of Indonesia's digital commerce and economic landscape, with a focus on inclusive and sustainable progress" The digital economy, which is expected to be a major catalyst for Indonesia's economy in the future, requires the backing of an efficient and effective logistics industry. Based on data from the Ministry of National Development Planning/Bappenas, Indonesia's logistics costs have decreased from 23.5% to 14.29% of gross domestic product by 2023. Benefits of the 5G Smart Warehouse Indonesia's first 5G Smart Warehouse The 5G Smart Warehouse leverages advanced technologies like IoT and big data analytics to streamline operations, enhance safety and security, increase efficiency, and reduce energy consumptions and lower potential unexpected losses. Warehouse managers can use digital twins and real-time data analysis to optimize inventory management and prevent stockouts. The 5G network also facilitates swift and accurate communication between staff and autonomous guided vehicles (AGVs), ensuring efficient goods movement. Additionally, intelligent security systems powered by video and infrared sensors ensure warehouse safety. Huawei's 5G BTS technology powering the warehouse features an energy consumption of just 5 watts, equivalent to a single energy-saving light bulb, making it a sustainable solution for the future.
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SUNMI's 3rd generation flagship products shine at CHINASHOP 2024, joining hands with numerous partners to create new business scenarios
March 13th - March 15th, National Exhibition and Convention Center (Shanghai) witnessed the grand opening of the 24th China Retail Trade Fair. SHANGHAI, March 19, 2024 /PRNewswire/ -- SUNMI Technology once again made a striking appearance at CHINASHOP. As one of the leading companies in China's retail industry, SUNMI showcased a series of remarkable products and solutions, showcasing seamless tech-business fusion and a fearless drive to push boundaries. SUNMI booth draws a steady stream of visitors. Star Products Lead the Trend of Commercial Digital Innovation From the first day of the event, SUNMI's booth became the most popular, drawing attention with its prominent LED screen spanning the entire top. SUNMI's 3rdgeneration star products, including the SUNMI T3 PRO series, D3 MINI series, D3 PRO, V3 MIX, joined hands with the million-level new energy hardcore off-road vehicle, the U8, to make a stunning appearance. Together, they showcased China's top-level technology products, highlighting exquisite craftsmanship and quality, making them the undeniable focus of the show. At the exhibition, SUNMI unveiled the pre-release of the Smart Desktop Terminal SUNMI D3 PRO, which continues the design style of the SUNMI's third-generation family. It features a metal aluminum body and a 15.6-inch HD display, equipped with a Qualcomm chip, supporting fingerprint unlocking with a power-on button, and can flexibly choose a 10-inch secondary screen and scanning module. The Smart Scale Terminal S2L CC, using AI technology to accurately identify weighing goods, has realized the automation of label printing, bringing a brand-new self-service experience to the supermarket industry. The "Qualcomm X SUNMI SUPER POS" solution jointly launched by SUNMI and Qualcomm made its domestic debut at this exhibition. This is also the industry's first product to use the Qualcomm Snapdragon chip to carry the Windows operating system and form a commercial cash register solution. The "Qualcomm X SUNMI SUPER POS" speeds up global POS cross-platform transformation, offering a low-power, high-performance, lightweight, and stylish experience for Windows system users. Furthermore, the widely praised T3 PRO series, D3 MINI series, and V3 MIX caught the eye of numerous attendees. SUNMI also showcased its robust software capabilities, such as the iF International Design Award SUNMI OS 4.0 and the SUNMI DMP, offering partners professional, efficient, and secure device management and content control. Jointly building new business scenes with over 20+ ecological partners, embracing digital trends At this CHINASHOP, SUNMI's booth invited a number of ecological partners to jointly create rich business scenes, including 24 scenes such as new tea drinks, fast food, hotels, pet supermarkets, group meals, Tiktok local life and retail, bringing immersive experiences to the audience. At the same time, many outstanding partners also brought exciting on-site speeches, not only bringing more inspiration and innovation to the industry but also providing audiences with deep insights. About SUNMI SUNMI is an IoT company which is committed to bring businesses smart IoT devices and supporting integrated cloud services, to build an interconnected world and finally achieve Business 4.0.
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JOYY Reports Fourth Quarter and Full Year 2023 Financial Results: Third Consecutive Year of Profitability, Global MAU Resumes Growth
SINGAPORE, March 19, 2024 /PRNewswire/ -- JOYY Inc. (NASDAQ: YY) ("JOYY" or the "Company"), a global leading technology company, announced its unaudited financial results for the fourth quarter and full year of 2023. During the fourth quarter, JOYY's revenue came in at US$570 million. The Company's core business segment BIGO generated revenues of US$491 million, up 3.1% year over year. For the full year of 2023, JOYY's revenue reached US$2.27 billion, with BIGO contributing US$1.92 billion. Due to continued optimization of operational efficiencies and strong execution, JOYY delivered continued profitability for the third consecutive year. The Company's net profit and non-GAAP net profit1 for the full year of 2023 reached US$302 million and US$293 million, with GAAP and non-GAAP net margins1 of 13.3% and 12.9%, respectively. The BIGO segment's operating profit and non-GAAP operating profit1 for the full year of 2023 reached US$230 million and US$288 million, with GAAP and non-GAAP operating profit margins1 of 12.0% and 15.0%, respectively. Notably, all social entertainment products under the BIGO segment were profitable in 2023. In addition, Hago generated its first-ever positive operating cash inflow for the year. Creating and returning value to its shareholders remains an important priority for JOYY. Over the course of 2023, JOYY repurchased shares and distributed cash dividends in an aggregate amount of US$355 million, equivalent to 121.5% of its annual non-GAAP net profit1. From 2020 to 2023, JOYY has in total distributed approximately US$1.38 billion in capital returns. Mr. David Xueling Li, Chairman and Chief Executive Officer of JOYY, commented, "2023 proved to be a year of progress. Importantly, global average mobile MAUs resumed year-over-year growth for three consecutive quarters. Our relentless optimization of operational efficiencies led to continued profitability for the third consecutive year. During the fourth quarter, BIGO sustained its top line recovery, with revenue increasing by 3.1% on an annual basis, driven by a steady 7.9% year-over-year growth in its number of paying users." "In 2024, globalization through localization remains our foremost strategy and the cornerstone for our global success. We will continue to cultivate our content and social ecosystems to steadily grow our thriving user community and reinforce our leadership in core geographic regions. We will dedicate our resources to build our core strengths, and carefully explore long-term growth opportunities. By driving innovations in both our products and operations, we expect to further diversify our revenue streams and capture long-term sustainable growth." Full Year 2023 Financial Highlights Net revenues for the full year of 2023 were US$2,267.9 million. Net income attributable to controlling interest of JOYY for the full year of 2023 was US$301.8 million, compared to US$128.9 million in 2022. Non-GAAP net income1 attributable to controlling interest and common shareholders of JOYY for the full year of 2023 increased by 46.8% to US$292.5 million from US$199.3 million in 2022. Non-GAAP net income margin1 for the full year of 2023 was 12.9%, compared to 8.3% in 2022. Fourth Quarter 2023 Financial Highlights Net revenues were US$569.8 million in the fourth quarter of 2023. Net income attributable to controlling interest of JOYY in the fourth quarter was US$45.8 million, compared to net loss of US$377.5 million in the corresponding period of 2022. Non-GAAP net income1 attributable to controlling interest and common shareholders of JOYY in the fourth quarter was US$64.2 million, compared to US$50.0 million in the corresponding period of 2022. Fourth Quarter and Full Year 2023 Business Highlights According to data.ai (formerly known as App Annie), Bigo Live was ranked as the World's #2 Social App by consumer spend in 20232. Bigo Live's global success stems from its diversified content ecosystem and constantly evolving social interaction features. In the fourth quarter, Bigo Live maintained its user growth momentum, with MAUs increasing by 4.5% year over year to 38.4 million. Growth was observed across several key regions, with year-over-year MAU increases of 10.9% in Europe, 8.4% in the Eastern Pacific Region, and 12.6% in the Middle East. Bigo Live's revenue and paying users sustained their recovery trend and sequential growth. During the fourth quarter, Bigo Live organized a series of events to discover both outstanding creators across various domains and inspire new and diverse content creation. In October, Bigo Live hosted the second season of its BIGO's Most Talented creator contest in North America. This event attracted talented dancers, singers, musicians, magicians, comedians, and more. Bigo Live also unveiled a brand-new creator incentive program across major regions around the world. While Bigo Live continued to support experienced professional streamers and PUGC, this program placed a stronger emphasis on new amateur streamers and UGC. As well as generous economic rewards, Bigo Live provided comprehensive training courses for amateur streamers, helping newcomers to develop their skills and learn the ropes of successful streaming. The UGC incentive program has already attracted over 300,000 amateur streamers as of the end of 2023. In January, BIGO successfully held its annual flagship event, the BIGO Awards Gala, in Las Vegas. The online livestream of the event attracted over 1.2 million viewers from across the globe. This year, Bigo Live also hosted regional galas in various locations, including Indonesia, Vietnam, and the Philippines. In the fourth quarter, Bigo Live's Family-based activities encouraged users to further explore and engage in Family events. On a sequential basis, revenue contributed by Family members increased by 5.7%. The number of contracted streamers in Families rose by 16.5% and average DAUs in Families increased by 5.5%. Throughout the fourth quarter, Bigo Live personalized the user experience by refining recommendation algorithms for its diverse user base. The next-day user retention rate in the fourth quarter rose by 2.3% sequentially, while average viewer time spent per session surged by 6.4%. By refining and optimizing the overall matching process, Bigo Live successfully leveraged Real Match to cultivate a greater number of stable user connections. In the fourth quarter, the total number of connections increased by 23.3% sequentially, and the number of direct chat messages between matched users grew by 14.8%. In 2023, Likee maintained its strategic focus on its core Middle East and Europe markets and implemented a series of targeted operational and product optimizations to drive user recovery and stimulate monetization growth. The number of Likee's paying users grew for four consecutive quarters during 2023. In terms of monetization, Likee's revenue for the full year was up year over year in 2023. Additionally, the recovery of DAUs in the Developed Countries Region (especially Europe), an evolving creator services ecosystem, and a more established business and creator marketplace, all contributed to Likee's advertising revenues growing by nearly 2.5 times for the full year of 2023. Thanks to the steady progress on diversifying its monetization channels and disciplined spending, Likee has achieved its first full-year profitability in 2023. Likee also achieved significant breakthroughs in key markets in 2023. According to data.ai (formerly known as App Annie), Likee was ranked as Saudi Arabia's #3 Social App by consumer spend in 20232. In the fourth quarter, Likee introduced text and image posting features alongside new monetization options, enabling user subscriptions for both video collections and individual videos. These features offer creators greater flexibility in terms of content formats, opening up new opportunities for monetization. During the fourth quarter, Likee continued to enhance its content production quality, leading to 2.7% sequential growth in average user time spent. Thanks to upgraded interactive features, overall user engagement, as measured by the ratio of DAUs to MAUs, improved by 2.2% in the same period. According to data.ai (formerly known as App Annie), Hago secured Top 10 positions in both Indonesia and the Philippines among social apps, in terms of consumer spending2. Thanks to enhanced monetization in its core markets, Hago achieved its first full-year operating cash flow break-even in 2023. During the fourth quarter, Hago's innovative year-end events and compelling new operational features drove sequential revenue growth. Furthermore, user social interactions also improved during the fourth quarter. Average time spent per user in social channels increased by 4% sequentially, surpassing 99 minutes. Average time spent per user in multi-guest voice rooms saw a similar trend, increasing by 4.9% over the same period. 1. For details of the non-GAAP measures, including the reconciliations of GAAP measures to non-GAAP measures, please refer to the press release titled "JOYY Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results" issued by the Company on March 19, 2024. 2. Based on data.ai (formerly known as App Annie)'s State of Mobile report published in January 2024.
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Discover BLUETTI AC240 All-Weather Power Solution: Power Beyond Limits, Rain or Shine
SYDNEY, March 19, 2024 /PRNewswire/ -- BLUETTI, the pioneer in portable power solutions, will launch another IP65-rated Water Resistant Portable Power Station, the AC240, on April 2nd. This latest offering marks a significant leap forward from its predecessor the AC60, with increased power and faster charging. Designed to thrive in harsh environments, the AC240 is a game-changer for adventurers and emergency responders alike. IP65-rated Protection Against All Elements Even in adverse weather conditions, the AC240 ensures that water stays out while the power stays on. It's impervious to dust and resistant to low-pressure water jets from any angle, thanks to its patented technology and design, including independent air ducts, sealed electronic compartments, double-layer protected ports, and more. Comprehensive Outdoor Power Solution At around 72 lbs (33kg), the AC240 conveniently fits into any car trunk for portable power needs. Boasting a formidable 2,400W output, it effortlessly powers a range of devices such as air conditioners, microwaves, heaters, and coffee makers. Its 1,536Wh LFP battery can sustain a 20 cu. ft. fridge (1.2kWh/day) for at least one day. Featuring multiple outlets, including AC outlets, USB-A, USB-C, and a 12V/30A RV port, the AC240 caters to diverse power needs. Supporting rapid max 2,400W AC charging and compatibility with various solar panels for up to 1,200W solar intake, the AC240 provides constant clean power for self-sustained adventures. Expandable Power, Uninterrupted Backup The AC240 is expandable with up to four B210 expansion battery packs, 2,150Wh each, for a combined capacity of 10,136Wh. These packs also double as independent, water-resistant power banks with three DC outputs and various charging options. Additionally, the AC240 promises an uninterrupted power supply with its responsive UPS function, which detects outages and switches to battery power within just 15 milliseconds—industry-leading speed. Availability and Pricing of the BLUETTI AC240 The BLUETTI AC240, backed by a 6-year warranty, will be purchasable on BLUETTI's official website and Amazon store starting April 2nd, with exclusive early bird pricing. About BLUETTI Committed to a sustainable future, BLUETTI provides affordable green energy storage solutions for both indoor and outdoor use. Through initiatives like the LAAF (Lighting An African Family) program, BLUETTI has empowered over 100,000 African families in off-grid regions. With a dedication to innovation and addressing customer needs, BLUETTI has established itself as a trusted industry leader across more than 100 countries worldwide.
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FinVolution Group Experienced Strong Business Growth and Global Expansion in 2023, Financial Report Shows
SINGAPORE, March 19, 2024 /PRNewswire/ -- FinVolution Group (NYSE: FINV), a leading fintech company, today announced its financial results for the full year of 2023, highlighting significant global expansion and technological advancements throughout the year. In 2023, FinVolution Group recorded a net revenue of US$1,767.3 million, marking a growth of 12.7% year-on-year, and a net profit of US$335.7 million, up 4.5%. Major operational indicators also experienced an uptick, with US$27.4 billion in facilitated transaction volume and US$9.5 billion in loan balance, up 10.8% and 4.3%, respectively. Continued Business Expansion Established in 2007, FinVolution is committed to providing inclusive finance solutions to underserved borrowers and small business owners in the pan-Asian region. Despite macroeconomic challenges in 2023, the Group continued to expand its business globally. The cumulative number of borrowers served in China, Indonesia, and the Philippines reached nearly 30 million, a net increase of around 3 million new borrowers over the previous year. The company's funding sources became more diversified as well, with partners expanding to 94 financial institutions as of December 31, 2023. Since 2018, FinVolution has consistently returned value to its shareholders through a combination of share repurchases and dividends. In 2023, the company returned approximately US$160 million to its shareholders, comprising US$62 million in dividends and US$98 million through share buybacks. Over the past six years, FinVolution has cumulatively repurchased shares totaling around US$280 million, demonstrating its confidence in its business outlook and its commitment to enhancing shareholder value. Global Reach FinVolution has strategically extended its global footprint since 2018, establishing localized online lending platforms "AdaKami" in Indonesia and "JuanHand" in the Philippines. Concurrently, it has empowered fintech companies across six countries with its industry-leading AI voice service platform "Blu." As FinVolution cemented its market foothold in Indonesia and the Philippines, its overseas lending platforms had cumulatively served 4.8 million borrowers by the end of 2023. A larger user base contributed to an 85.9% year-over-year increase in international revenue to US$301 million. Throughout 2023, international transaction volume and outstanding loan balance soared to US$1.1 billion and US$177.8 million, up 84.7% and 57.5%, respectively. FinVolution's Philippine brand has become one of the strongest players in the local market, with new borrowers increasing over 188%, transaction volume and outstanding loan balance surging over 200% year-over-year. In 2023, the brand was honored to be a founding member of the Consumer Lending Association of the Philippines. Tiezheng Li, CEO of FinVolution Group, commented, "Our 'Local Focus, Global Outlook' strategy will continue to guide us as we embark on 2024. Going forward, we remain committed to serving borrowers in our existing markets while working to deliver innovative financial services to more borrowers in new markets, propelling our healthy and sustainable development." Technological Innovation As a tech-driven company, FinVolution has also crafted an industry-leading suite of comprehensive technology solutions, adapting to financial markets in different countries. The company increased its research and development investment by 4% year-on-year in 2023 to US$72 million. Breakthroughs were achieved in AI microfinance service platform construction, visual anti-fraud technology, and multi-language chatbot. In view of a rapidly evolving international business landscape and a diverse overseas market environment, FinVolution's R&D team has developed anti-fraud technology tailored to global markets. They utilized accumulated expertise in graph algorithms and visual algorithms to accurately identify and block frauds powered by generative AI, with an identification accuracy rate of 98.8% and a recall rate of 95.3%. FinVolution continued to upgrade its multi-language chatbot "Blu" in 2023, integrating Chinese, English, Spanish, Tagalog, and Bahasa into the languages covered by this flagship product. The accuracy rates of the chatbot in voice recognition and effective interaction intent recognition both exceed 90%, leading to a 20% improvement in business scenario conversion effects. AI chatbot is now widely used in customer service processes on FinVolution's platforms, handling 80% of customer communication tasks and serving more than 20 fintech platforms across six countries. FinVolution has also strengthened its commitment to small business owners through technology and product development. In 2023, the company launched "Hailu Cloud System," an intelligent platform for small- and micro-merchant services in China. The system covers the entire microfinance business processes, enhancing the digital operational capacity of small- and micro-enterprises and offline stores. Since its launch, the Hailu Cloud System has served over 500,000 users. Optimization of Risk Control System In 2023, FinVolution maintained a stable low-level credit risk profile and its percentage of better quality borrowers (clients with the lowest financial risk) held steady at 94.5%, thanks to its industry-leading credit risk assessment and fraud detection technologies. Throughout the year, FinVolution intervened in suspected fraudulent activities an average 4,000 times a day, on the back of its leading risk control system, which features big data analytics, artificial intelligence, and voiceprint recognition at its core. Throughout the year, it thwarted over 30,000 fraud attempts, enabling users and institutions to avoid losses totaling nearly US$77.5 million. [END] About FinVolution Group FinVolution Group is a leading fintech company that connects millions of borrowers as well as small business owners with financial institutions. Founded in 2007 and listed on the New York Stock Exchange in 2017, we have been at the forefront of the pan-Asian credit technology industry, pioneering innovative technologies in credit risk assessment, fraud detection, big data, and artificial intelligence. With a proven track record of robust growth in pan-Asian countries, we have established leading fintech platforms in China, Indonesia, and the Philippines.
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Innodisk Showcases Edge AI Integration at NVIDIA GTC
SAN JOSE, Calif., March 19, 2024 /PRNewswire/ -- Innodisk, a leading global AI solution provider, is demonstrating its edge AI integration expertise at NVIDIA GTC in San Jose, USA. Innodisk specializes in integrating and developing customizable AI solutions that can be scaled across various industries. The company actively shares its research and practical implementation of edge AI with industries worldwide, showcasing how its camera modules integrate with NVIDIA's specialized AI visual technology. Innodisk Showcases Edge AI Integration at NVIDIA GTC Advancing Smart Factory Solutions At GTC, Innodisk is presenting smart manufacturing solutions powered by NVIDIA Metropolis for Factories technology, featuring AOI defect detection. The demonstration highlights the EV2U-SGR1 low-light USB camera module's ability to enhance smart factory efficiency by overcoming dim lighting constraints. This module's unique lens specifications and customized 3A functions (auto-focus, auto-exposure, auto-white balance) ensure clear product detail capture and precise quality inspection, even in low-light conditions common in manufacturing environments. Additionally, its application extends to safety and security, enabling comprehensive and accurate factory monitoring for enhanced safety. "The AI tools and frameworks from NVIDIA drive innovation, complemented by Innodisk's customer-focused approach and deep integration experience, transforming AI into practical solutions," explained Randy Chien, Chairman of Innodisk. "This customer-centric approach is key to bridging advanced AI technology with real-world industry solutions." The AI applications Innodisk is showcasing at GTC use key development tools from the NVIDIA AI Enterprise, an end-to-end, cloud-native software platform. This includes the NVIDIA TAO Toolkit for model training, the NVIDIA Triton Inference Server for model deployment and management, and the DeepStream SDK for AI inference, all packaged as microservices that can be controlled by intuitive REST-APIs. NVIDIA AI Enterprise accelerates data science pipelines and streamlines the development and deployment of production-grade AI applications. This strategic adoption enabled significant savings in validation and facilitated highly flexible end-to-end customization services. Responding to the growing demand for edge AI hardware, Innodisk is showcasing industrial-grade SSDs, memory products, and expansion modules at GTC. It emphasizes the durability and adaptability of its products, essential for maintaining edge AI system operations. By integrating Aetina's AI equipment and leveraging group resource integration, Innodisk empowers customers' AI applications to meet diverse industry demands. Visit Innodisk at booth 338 during GTC to explore the company's customizable AI solutions. For more information, please visit: http://www.innodisk.com
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Cognizant to apply generative AI to enhance drug discovery for pharmaceutical clients with NVIDIA BioNeMo
Cognizant's AI and industry expertise, combined with the NVIDIA BioNeMo generative AI platform, create a strong foundation to improve outcomes in the healthcare and life sciences sectors TEANECK, N.J., March 19, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) is advancing the application of generative AI (gen AI) technology with the NVIDIA BioNeMo platform to solve complex challenges of drug discovery in the life sciences industry, such as improving productivity in the development process and increasing the speed at which new, life-saving treatments can be brought to market. Traditional drug discovery methodologies are process intensive and require the analysis of vast repositories of scientific literature and clinical data in order to reveal relevant insights. Moreover, traditional methods are burdened with high costs and long development lifecycles with a high rate of failure. By leveraging gen AI technologies, clinical researchers can rapidly sift through extensive datasets, more accurately predict interactions between drug compounds and create new, viable drug development pathways. "More than any other technological breakthrough in recent decades, generative AI has the potential to revolutionize the way new drugs are researched, developed and brought to market, making the creation of lifesaving discoveries faster, smarter and more accessible to all," said Anna Elango, EVP, Cognizant's Core Technologies & Insights. "By collaborating with NVIDIA, Cognizant can open the path to realizing this vision safely, responsibly and cost-effectively for our life sciences clients." By leveraging its deep life sciences and AI domain expertise and NVIDIA's pretrained, industry-specific generative AI models offered as part of BioNeMo, Cognizant aims to give clients access to a suite of model-making services, including pretrained models, cutting-edge frameworks, and APIs, that offers clients the quickest path to train and customize enterprise models using their proprietary data. The offering is intended to enable this with reduced manual intervention for data analysis, and without the need to write elaborate code and build or maintain infrastructure. "Generative AI will drive the next wave of enterprise productivity gains across industries, enabled by the NVIDIA AI Enterprise software platform," said Alvin DaCosta, VP, Global Consulting Partner Organization, NVIDIA. "Using NVIDIA BioNeMo, Cognizant will help provide its life sciences clients with advanced, secure and reliable AI services to drive improved outcomes with custom drug discovery applications." Cognizant collaborates with leading global firms in pharmaceuticals, biotech and medical devices, covering the entire life sciences value chain from R&D to digital health. This work contributes to the industry's ability to enhance science, improve patient outcomes, and increase business value, by enabling a patient-centric approach and better interactions with healthcare professionals. Cognizant's life sciences offerings support more than 120 global manufacturing lines and more than 18 million patients with medical device company products. Cognizant intends to pursue additional applications by collaborating with NVIDIA in areas such as manufacturing and automotive engineering, where gen AI has the potential to enhance productivity, optimize costs and bring innovation to market more quickly. Cognizant intends to establish an NVIDIA AI Center of Excellence this year to further innovate with NVIDIA technologies, including the NVIDIA Metropolis, NVIDIA Omniverse and NVIDIA AI Enterprise platforms, for the benefit of clients across industries around the world. About CognizantCognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at www.cognizant.com or @cognizant. For more information, contact: U.S. Name Ben Gorelick Email benjamin.gorelick@cognizant.com Europe / APAC Name Christina Schneider Email christina.schneider@cognizant.com India Name Rashmi Vasisht Email rashmi.vasisht@cognizant.com
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Advantech Deepens NVIDIA Collaboration, Expanding Partnership as Global Distributor of NVIDIA AI Enterprise Software
TAIPEI, March 19, 2024 /PRNewswire/ -- Advantech (2395.TW) today announced it has extended its collaboration with NVIDIA to become the first Taiwan-based company to become an official distributor of industrial PCs that are certified with the NVIDIA AI Enterprise software platform for the development and deployment of production-grade AI applications, including generative AI. The recently announced NVIDIA AI Enterprise 5.0 will offer users a catalog of microservices, including NVIDIA NIM, a set of microservices for optimized inference on more than two dozen popular AI models. The software platform will enhance global enterprise productivity through industrial-grade edge computing, software and services. "Advantech is committed to advancing its edge AI products and services. Through our existing Advantech Institute framework, we aim to train nearly 200 edge AI talents and experts. We strive to provide customers with comprehensive product offerings, as well as timely and professional technical services, ultimately aiming to accelerate the development and implementation of AI solutions at the edge," stated Miller Chang, President of Advantech's Embedded IoT Group. According to Magic Pao, Advantech's Associate Vice President of the Industrial Cloud & Video Group, most customers in the industrial AI market are looking for GPU solutions that offer powerful performance and adaptability. "As the possibilities of AI applications expand, customers are also seeking ways to accelerate their development efficiency. That's where NVIDIA AI Enterprise software and microservices come in handy," he explained. Advantech's End-to-End Edge AI Solutions Powered by NVIDIA AI Enterprise Advantech offers a comprehensive suite of solutions powered by NVIDIA AI products and services, include: GPU Modules: SKY GPU cards are ideal for precise computer vision and analytics, delivering reliable performance over time.GPU Servers: SKY series servers support up to 10 x NVIDIA GPUs and are designed for big data analysis, with improved acoustic and thermal management.GPU Workstations: AIR-500 series products, certified by NVIDIA and Ubuntu, support up to four NVIDIA RTX professional GPU cards and powerful processors for data-driven applications.Advantech Tier-1 Services: Global service teams offer localized technical support to expedite NVIDIA AI Enterprise adoption, helping ensure system stability and seamless integration of edge-to-cloud solutions. Following this announcement, Advantech is gearing up to roll out edge AI systems that are compatible with NVIDIA AI Enterprise in Q2. Through ongoing collaboration with NVIDIA, Advantech aims to assist customers in developing AI solutions across various sectors. CONTACT: Rachel Hung, rachel.hung@advantech.com.tw
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iWALK Presents Exclusive Easter Discounts: Introducing Mini Charging Marvel for Apple Watch and iPhone
NEW YORK, March 19, 2024 /PRNewswire/ -- iWALK, a leading brand in portable charging solutions, is thrilled to announce an exclusive Easter discount sale on Amazon, offering discounts of up to 48% off selected products. This limited-time promotion provides the perfect opportunity for customers to find the ideal Easter gifts while enjoying unbeatable savings. The discounted lineup comprises: iWALK LinkPod 4: Enjoy a 22% discount. iWALK LinkPod Pro: Avail a 20% discount. iWALK PowerGrip Slim: Get a whopping 30% discount. This promotion is an excellent opportunity for customers to acquire premium iWALK charging solutions at unbeatable prices. In addition to the discount sale, iWALK is excited to introduce its latest innovation, the iWALK LinkPod W Mini. This revolutionary product boasts several outstanding features: Small Size: Remarkably lightweight and compact, ideal for travel, and effortless portability. With a capacity of 5000mAh, it ensures stable and reliable charging wherever you go. Compatible with Apple Watch/iPhone: Specifically designed to support various Apple Watch and iPhone models, including the latest ones, ensuring seamless compatibility. 15W Fast Charging Output: Equipped with a built-in cable that supports 15W fast charging, enabling rapid charging for your devices. Specially Designed: Features a built-in foldable stand for convenient desktop placement. The built-in cable can also be used as a handle or keychain for added versatility. Simultaneously Charge Multiple Devices: With built-in cables and an integrated magnetic charging module, it enables simultaneous charging of both your Apple Watch and iPhone 15, enhancing convenience. iWALK LinkPod W Mini We are excited to offer our customers exclusive discounts on our premium products and introduce the innovative iWALK LinkPod W Mini," said a spokesperson for iWALK. "We believe these offerings underscore our commitment to providing cutting-edge solutions that cater to the evolving needs of our customers. Don't miss out on this opportunity to grab top-quality charging solutions at unbeatable prices. Visit Amazon on March 21st to take advantage of these incredible offers. About iWALK Founded in 2003, iWALK, the original brand of docking batteries, has been a leading force in exploring and developing the mobile power field and cell phone accessories field. With our popular product series including the LinkPod series, the MAG-X series, the Universal series, and more, iWALK aims to provide global consumers with more practical and aesthetic products, making people's lives more convenient and enjoyable. Official Amazon store: https://www.amazon.com/iwalk(Available in US/JP/UK/DE/CA/FR/IT/ES/AU)Official Website: https://en.iwalk.net/
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CIMB Bank Pops Up at Orchard Road
Segmented into two different phases, the pop-up kicks off with the "House of CIMB x ShopBack", aimed at revolutionising retail experiences. Visitors stand a chance to win giveaways. Leveraging emerging technologies such as Augmented Reality (AR), visitors get to participate in scavenger hunts and find vouchers. SINGAPORE, March 19, 2024 /PRNewswire/ -- CIMB Singapore proudly announces the launch of the CIMB pop-up, a two-phased immersive escapade aimed at providing Singaporeans a differentiated, fun and interactive experience in the heart of the city. Launch of ‘House of CIMB x ShopBack’ outside Mandarin Gallery, at Orchard Road. (Photo credit - CIMB Singapore) Take part in the AR scavenger hunt to find surprises and unique vouchers (Photo credit - CIMB Singapore) CIMB Singapore CEO, Victor Lee, at the launch of the House of CIMB x ShopBack (Photo credit - CIMB Singapore) The unique pop-up experience is set to blend physical and virtual environment to create a truly phygital[1] experience. Located at Orchard Road, in front of Mandarin Gallery, the first phase of the pop-up, which features a deals extravaganza with over S$100,000* worth of giveaways, will run from 16 to 31 March 2024 (11am to 9pm daily). The second phase, which advocates three pillars of wellness – physical, mental/spiritual, and financial – will open from 6 to 21 April 2024 (11am to 9pm daily). "We continuously seek out partnerships to be part of CIMB's ecosystem to deliver a comprehensive banking experience for our customers while empowering them with the skills and knowledge to take charge of their financial well-being. By partnering with ShopBack, we aim to offer exclusive rewards and special deals with a variety of merchant options that our customers can enjoy when they visit the pop-up." said CEO of CIMB Singapore, Victor Lee. Offering Differentiated Experiences with Two Phases: 16 – 31 March 2024: "House of CIMB x ShopBack" The "House of CIMB x ShopBack" brings together leading retail brands like Pelago by Singapore Airlines, Samsung, LOOKFANTASTIC, Myprotein, and Under Armour, to offer shoppers a suite of captivating and animated "rooms" with enticing promotions and exclusive deals. In addition, this immersive event features an AR scavenger hunt, allowing visitors to explore the pop-up booth to hunt for gift boxes, revealing surprises and unique vouchers. Participants can look forward to over S$100,000* worth of giveaways, including a S$1,000 Shopping Spree in the House's Social Contest Giveaway, a Live Auction featuring coveted items, S$1 deals from top brands, a Lucky Draw with Samsung S24s, 100% cashback (capped at S$150) by Pelago by Singapore Airlines, and more to be won. New customers who apply for a CIMB Credit Card onsite will receive S$250* ShopBack Reward Code. Be the first eligible applicant at 12pm daily and receive an additional S$100* Fairmont Singapore & Swissôtel The Stamford voucher. Additionally, linking and spending with CIMB Credit Cards on ShopBack offers up to S$120* cashback. ShopBack envisions the pop-up as a sequel to the record-high eCommerce shopping trips made through its application last year, with almost double year-on-year growth for select categories. "We're proud to announce our first 2024 online-to-offline partnership with CIMB Singapore, marking a significant step towards integrated, omni-channel consumerism," said Fern Nannaphat, General Manager of ShopBack Singapore. "This initiative underscores our commitment to being at the forefront of the exciting retail transformation; to empower customers to optimise their spendings into savings with our unique, stackable cashback offerings." 6 – 21 April 2024: CIMB presents the Wellness Hub The second phase of the campaign, happening from 6 to 21 April 2024, is set to introduce a wellness hub designed to enhance physical, mental, and financial wellbeing, promoting a lifestyle centered around wellness. Visitors can look forward to deepening their financial knowledge through informative sharing sessions, experiencing meditation through VR technology which allows them to foster resilience and self-discovery, and participating in immersive exercises such as thematic spin classes while surrounded by visuals projected on the walls, and photo opportunity with a rare bicycle. Media Factsheet – List of Activities Room Partner Activity Lobby CIMB Check-in at the CIMB LobbyRegister and kickstart your Augmented Reality Scavenger Hunt! Find all 6 'Octos' to unlock a secret voucher link to purchase a S$1 voucher on ShopBack app, and enter the Lucky Draw. Stand to win up to S$10,000* worth of giveaways. Powder Room LOOKFANTASTIC Snap selfies at the LOOKFANTASTIC Powder Room Snap and tag @cimbbanksg , @shopbacksg , and @lookfantastic_sg for a chance to win a S$1,000* shopping spree. Arcade Myprotein Claw yourself a free gift at the Myprotein ArcadeScan the QR and check-in to the ShopBack Challenge for your token! Gym Under Armour Work out at the Under Armour Gym Test your strength at the punching machine! Living Room Samsung Test the latest gadgets in the Samsung Living RoomTry the new Samsung S24 and other devices here. Bedroom Pelago by Singapore Airlines Plan your next holiday and spin for a free gift at the Pelago by Singapore Airlines BedroomScan the QR and check-in for a free spin! *Terms and Conditions apply. [1] Phygital is the blending of digital experiences with physical ones. About CIMB Bank CIMB is one of ASEAN's leading banking groups and Malaysia's second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM62.4 billion as of 31 December 2023. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in eight ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam, Myanmar and Philippines). Beyond ASEAN, the Group has market presence in mainland China, Hong Kong and UK. CIMB has one of the most extensive retail branch networks in ASEAN with 601 branches and around 33,000 employees as at 31 December 2023. CIMB's investment banking arm is one of the largest Asia Pacific-based investment banks, which together with its award-winning treasury & markets and corporate banking units comprise the Group's leading wholesale banking franchise. CIMB is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand. Located in ASEAN's global financial gateway, Singapore is one of our most important markets with approximately 1,000 employees serving over 500,000 customers. CIMB Singapore services include: Banking products and services Treasury products and services Investment banking Asset management About ShopBack The ShopBack Group is Asia-Pacific's leading shopping, rewards, and payments platform, serving over 40 million shoppers across 11 markets. In 2023, the Group expanded its offerings into Germany, signaling its entry into the European market. Driven by the vision to be the world's most rewarding way to shop, ShopBack is dedicated to saving members money and time, while delivering delightful experiences with every purchase. The platform also enables merchants and brands to engage with their members in a cost-effective manner. Founded in 2014, ShopBack now powers over US$4 billion in annual sales for over 20,000 online and in-store partners. Facilitating upwards of half a million transactions daily, ShopBack continues to provide value to both members and merchants through its innovative offerings. Notably, its payment solution, ShopBack Pay, offers members a convenient and rewarding payment option at checkout.
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SK hynix Begins Volume Production of Industry's First HBM3E
SK hynix extends success of HBM3, marking first case in industry to mass produce HBM3E Supply to a customer comes in 7 months after development announced; best-in-class performance to lead level of AI capabilities to world's best SK hynix to cement position as global top provider of AI memory technology, while keeping up business competitiveness SEOUL, South Korea, March 19, 2024 /PRNewswire/ -- SK hynix Inc. (or "the company", www.skhynix.com) announced today that it has begun volume production of HBM3E*, the newest AI memory product with ultra-high performance, for supply to a customer from late March. The company made public its success with the HBM3E development just seven months ago. * HBM (High Bandwidth Memory): A high-value, high-performance memory that vertically interconnects multiple DRAM chips and dramatically increases data processing speed in comparison to conventional DRAM products. HBM3E, the extended version of HBM3, is the fifth generation of HBM following HBM, HBM2, HBM2E and HBM3 SK hynix being the first provider of HBM3E, a product with the best performing DRAM chips, extends its earlier success with HBM3. The company expects a successful volume production of HBM3E, along with its experiences also as the industry's first provider of HBM3, to help cement its leadership in the AI memory space. In order to build a successful AI system that processes a huge amount of data quickly, a semiconductor package should be composed in a way that numerous AI processors and memories are multi-connected. Global big tech companies have been increasingly requiring stronger performance of AI semiconductor and SK hynix expects its HBM3E to be their optimal choice that meets such growing expectations. The latest product is the industry's best in all the aspects required for an AI memory including speed and heat control. It processes up to 1.18TB of data per second, equivalent to processing more than 230 full-HD movies (5GB each), in a second. As AI memory operates at an extremely high speed, controlling heat is another key qualification required for AI memories. SK hynix's HBM3E also comes with a 10% improvement in heat-dissipation performance, compared with the previous generation, following application of the advanced MR-MUF** process. ** MR-MUF (Mass Reflow Molded Underfill): The process of stacking semiconductor chips, injecting liquid protective materials between them to protect the circuit between chips, and hardening them. The process has proved to be more efficient and effective for heat dissipation, compared with the method of laying film-type materials for each chip stack. SK hynix's advanced MR-MUF technology is critical to securing a stable mass production on the supply side of the HBM ecosystem as pressure on the chips being stacked can be reduced, while warpage control is also improved with adoption of this process. Sungsoo Ryu, Head of HBM Business at SK hynix, said that mass production of HBM3E has completed the company's lineup of industry-leading AI memory products. "With the success story of the HBM business and the strong partnership with customers that it has built for years, SK hynix will cement its position as the total AI memory provider." About SK hynix Inc. SK hynix Inc., headquartered in Korea, is the world's top tier semiconductor supplier offering Dynamic Random Access Memory chips ("DRAM"), flash memory chips ("NAND flash") and CMOS Image Sensors ("CIS") for a wide range of distinguished customers globally. The Company's shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.
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XenithIG Awarded Malaysia Digital Status
The Malaysia Digital Status gives XenithIG access to benefits that helps the company grow and serve its customers better, while creating new opportunities for Malaysia's digital economy SINGAPORE, March 19, 2024 /PRNewswire/ -- Xenith Infrastructure Group (XenithIG), a critical network infrastructure provider serving hyperscalers, data centre operators, carriers, and enterprise clients throughout the Asia Pacific (APAC), has been awarded Malaysia Digital Status by the Malaysian Government through the Malaysia Digital Economy Corporation (MDEC), the agency leading the digital transformation of the Malaysian economy. The Malaysia Digital Status is an accolade that entitles qualified companies access to incentives, rights, and privileges from the Government of Malaysia; for example, world-class physical and information infrastructure, and flexibility to employ local and foreign knowledge workers. It gives XenithIG greater capacity and agility to operate, grow, expand, or invest anywhere in Malaysia. "We are honoured to be recognised by the Malaysian Government through MDEC and thrilled that the Malaysia Digital Status will give us access to benefits that can help XenithIG grow and serve our customers better, while creating new opportunities for Malaysia's digital economy," said Luke Mackinnon, XenithIG's CEO. "The award underscores our commitment to the APAC market and our sustained investments in a region that is undergoing tremendous growth in demand for critical network infrastructure." "We warmly welcome XenithIG into the Malaysia Digital family, and we are excited to support XenithIG's growth goals in Malaysia and APAC," said Mahadhir Aziz, MDEC's CEO. "With its wholly-owned, high-capacity dark fibre infrastructure and an executive team with deep know-how, XenithIG brings along talent, expertise, technology, and innovation to our region which will become a part of our thriving digital ecosystem in Malaysia. Working with enterprises such as XenithIG reinforces our nation's strategy to energise our digital economy. We look forward to partnering XenithIG on its growth in Malaysia and beyond." XenithIG's new, custom, state-of-the-art digital infrastructure as well as other dark fibre services and solutions are expected to be available in Johor and Kuala Lumpur later in 2024. The new infrastructure, services, and solutions will help meet the needs of organisations with demanding connectivity requirements, such as hyperscalers and OTT operators in Malaysia. The provision of XenithIG's dark fibre network infrastructure, services, and solutions will create resilient infrastructure, generate new jobs, cultivate new skillsets, and promote innovation in Malaysia, contributing to inclusive and sustainable industrialisation and economic growth. About XenithIG XenithIG brings robust, critical network infrastructure to companies operating in APAC. With its wholly-owned, high-capacity dark fibre infrastructure, XenithIG connect data centres, cable landing stations and other key network interconnection points with the newest, state-of-the-art dark fibre optic cables. XenithIG's critical infrastructure assets are robust, underground, company-owned and operated, and capable of being quickly commissioned to bring customer's operations online in days, not weeks or months. The XenithIG executive team has the deep, proven expertise required to meet the challenges posed by the complex connectivity landscape in some of the largest and densest data centre markets in the world. www.xenithig.com
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TEHTRIS unveils exclusive background and evidence of RosyStyle Affair
PARIS, March 19, 2024 /PRNewswire/ -- TEHTRIS, a leading company in the automatic, real-time, non-human-action neutralization of cyberattacks, has just published its latest Threat Intelligence report, revealing, for the first time, the intricate details of an international fraud of almost 40 million euros, perpetrated on an online investment platform called RosyStyle. A large-scale case targeting individuals via RosyStyle platform After the arrest of a few members of its cybercriminal group, this case could easily have gone unnoticed. However, TEHTRIS reveals behind-the-scenes details of this fraud, centered on bogus online investments, as well as evidence that the cybercriminal group remains active. Overview of the RosyStyle case: Status: Despite the arrest of some members, the cybercriminals continued to defraud numerous retail investors, enticing them to transfer large sums of money to their bank accounts. Exclusive Evidence: from IP addresses to websites, TEHTRIS unveils exclusive screenshots of login pages and platform's backend interface, as well as evidence of the criminals' access to victims' bank transactions. Persistent activity: beyond the initial case, the compromised source code has been adapted under several different brand names. Cybersecurity is a collective responsibility "Our vision of cybersecurity goes far beyond the conventional role of a solution provider. We are committed to understanding, anticipating and mitigating threats to ensure the protection of public and private organizations of all sizes, as well as individuals, in the digital economy. By offering not only cybersecurity solutions, but also vital information to arm them against evolving threats, we aspire to be a trustful source of information, thus contributing to a safer digital future for all," explains the TEHTRIS team. About TEHTRIS Founded in 2010, TEHTRIS is the publisher of the TEHTRIS XDR PLATFORM, hyper-automated cyber defense solution that detects and neutralizes cyberattacks in real time, without human action. With its "Security & Ethics by design" approach, TEHTRIS provides users with a holistic vision of their infrastructure, while guaranteeing data protection. TEHTRIS XDR PLATFORM is compatible with market security solutions via its APIs and integrated orchestrator. The solution monitors, analyzes and neutralizes threats for major organizations in transport, engineering, services and government. TEHTRIS keeps a constant watch on cybercrime and listens closely to its customers, helping them to minimize risks and deal with the unpredictable. In 2020, TEHTRIS raised a record €20 million in Series A funding and a second €44 million in Series B funding in 2022. https://content.tehtris.com/threatintelfebruary24 Contact: tehtrisPR.france@axicom.com