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The World´s First Foldable 165-inch Micro LED TV - C SEED introduces the M1 Redefining Luxury and Style
Following in the footsteps of the award-winning C SEED 201 TV, the brand new C SEED M1 takes the stage. This is the first foldable 165-inch Micro LED TV and the latest evolution in luxury AV technology WIENER NEUDORF, Austria, Feb. 25, 2021 /PRNewswire/ -- C SEED proudly presents the revolutionary M1, marking a new state of the art package in TV technology and design: A sculpture-like column rises silently from the floor, unfolding an enormous 165" 4k Micro LED TV display with a high precision frame machined from a solid block of aviation-grade aluminum alloy to provide the ultimate TV experience. The C SEED M1 - The World´s First Foldable 165-inch Micro LED TV, Credit: C SEED 4k Micro LED technology creates amazingly vibrant colors and a truly stunning resolution. A special screen surface treatment displays the all-important black deep and accurate like never before. In addition to on-board HDR Plus (High Dynamic Range), C SEED´s Adaptive Gap Calibration Technology (AGC) renders borders between the display´s wings totally invisible. "Trendsetting contemporary uncluttered, free from all visual ballast. In these environments, big wall-mounted TV screens are an anachronism in modern interior design," says C SEED Managing Partner, Alexander Swatek. "Therefore, C SEED took a totally different path and came up with a revolutionary design." Designer Stefan Pani created a smart, convincing frame design with an invisibly integrated high performance speaker system that rises silently from the ground, unfolds and then settles smoothly on a strikingly elegant base. Function follows form here, visually very coherent, luxuriously minimalist and with an exciting, progressively elegant tension. The M1 smoothly continues the C SEED legacy that started with the award-winning C SEED 201 TV by Porsche Design Studio. Building upon almost a decade experience in designing and manufacturing luxury TVs for high end indoor, outdoor and marine applications, C SEED has again picked the uncompromising best in design, engineering and technology. The C SEED M1 is available in four elegant colors and a choice of casings to match all tastes, space requirements and settings. "The M1 provides unique entertainment in brilliant quality without compromising the character of a room – the one ideal solution for integrating large TV systems into spacious contemporary interior design", says C SEED Managing Partner Alexander Swatek. VIDEO LINK: https://youtu.be/fSfNzsY0LSU C SEED M1 MEDIA KIT: https://www.cseed.tv/en/news-press/press.html www.cseed.tv Picture is available at AP Images (http://www.apimages.com) Contact: Lea Sepac Basic, Marketing Manager C SEED ENTERTAINMENT SYSTEMS GMBHM +43 676 704 7999 LSB@CSEED.TV The C SEED M1 - The World´s First Foldable 165-inch Micro LED TV, Credit: C SEED Related Links :http://www.cseed.tv
Glory Star Enters Market for Intelligent IoT Terminals to Drive Development of Content Services
BEIJING, Feb. 25, 2021 /PRNewswire/ -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading mobile and online digital media and entertainment company in China, today announced that it has signed a content service agreement (the "Agreement") with Hangzhou Beiying Network Technology Co., Ltd. ("Hangzhou Beiying"), a subsidiary of Dangbei Network Technology Co. Ltd. ("Dangbei Network"), the leading smart home entertainment solution developer and manufacturer. The Company has received the initial payment of RMB6 million from Hangzhou Beiying under the Agreement. The Company believes that the cooperation with Hangzhou Beiying will further catalyze the development of the Company's content services business and therefore help to increase the long-term growth momentum of the Company's enterprise value. Under the Agreement, Glory Star will distribute its high-quality content, such as its unique domestic short-form video matrix, Cheers lifestyle video series, PGC interactive live streaming events, and more, on Hangzhou Beiying's multiple intelligent terminals and smart hardware equipment markets, including but not limited to Dangbei Market, SONY TV, Baidu App Market, Skyworth TV, Konka TV, Haier TV, Xiaomi TV, Panasonic TV, Wasu TV, XGIMI Projector, and JmGo Projector. In addition, the Company will also launch an updated version of its CHEERS Video App designed specifically for large screens. As part of its new consumption model, the Company plans to utilize smart algorithms to provide high-quality short-form video content and e-commerce services that are tailored to the preferences of hundreds of millions of large screen users, which will further promote the development of the Company's content services in the domestic market for intelligent IoT terminals. Glory Star owns multiple registered copyrights and provides high-quality and original short-form videos on its CHEERS Video platform. Over the years, the Company has been committed to expanding its short-form video content across various fields, such as e-commerce, live streaming, marketing, education, and lifestyle services. This has led to the development of the Company's unique content-based new consumption model in China. Through its cooperation with Hangzhou Beiying, the Company will utilize its competitive strengths in short- and medium-form video content creation, user operation management, big data analysis, and algorithms, as well as Hangzhou Beiying's mature intelligent terminal ecosystem. As a result, the Company will be able to provide more immersive and interactive experiences to its users in order to meet their needs across a wider range of consumption scenarios. At the same time, such advantages will also enable the Company to deepen its collaborations with IoT industry partners. By integrating digital content and digital technology with intelligent IoT terminals, the Company will further enrich the lives of its users and enhance its users' smart living experiences in multiple scenarios. About Dangbei Network Technology Co. Ltd.Founded in 2013, Dangbei Network Technology Co. Ltd. ("Dangbei Network") designs and manufactures large screen home entertainment solutions with award winning engineering and innovation in premium quality and style. Dangbei Network's product lines include hardware, such as smart home entertainment projectors and the super TV box, as well as software, such as Dangbei OS, Dangbei Store, customized large screen content for TVs and projectors, and apps. As a result of its strategic partners, professional team, and investors, including Shunwei Capital, Haitong, and Suning Group, Dangbei Network has grown into a leading developer in the intelligent TV network industry, serving more than 300 million global users. In China, Dangbei Market is the number one store for large screen applications, with 80% of the total market share. Additionally, Dangbei projector ranks in the top 3 spots for projectors on JD.com and TMall, the biggest ecommerce platform in China. About Glory Star New Media Group Holdings LimitedGlory Star New Media Group Holdings Limited is a leading mobile entertainment operator in China. Glory Star's ability to integrate premium lifestyle content, including short videos, online variety shows, online dramas, live streaming, its Cheers lifestyle video series, e-Mall, and mobile app, along with innovative e-commerce offerings on its platform enables it to pursue its mission of enriching people's lives. The company's large and active user base creates valuable engagement opportunities with consumers and enhances platform stickiness with thousands of domestic and international brands. Safe Harbor StatementCertain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions ) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; and other factors listed in the Company's Annual Report on Form 10-K for the year ending December 31, 2019 and in other filings made by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release. ContactsGlory Star New Media Group Holdings LimitedYida YeEmail: email@example.com ICR LLC.Sharon ZhouTel: +1 (646) 308-0546Email: firstname.lastname@example.org
Cellwize awarded by Frost & Sullivan for Accelerating innovation with its Cloud-based open CHIME Platform and by that simplifying the 5G journey
CHIME integrates open and traditional RAN technologies using AI-driven network automation to reduce costs, expedite time to market, and increase interoperability SANTA CLARA, Calif., Feb. 25, 2021 /PRNewswire/ -- Based on its recent analysis of the global open radio access network (RAN) orchestration market, Frost & Sullivan recognizes Cellwize with the 2021 Global Entrepreneurial Company of the Year Award. With the ability to optimize next generation networks, Cellwize's vendor-agnostic CHIME platform accelerates turnaround times of 5G deployments. Its advanced technology automates the entire multi-vendor RAN ecosystem through open application programming interfaces, transforming the RAN from a monolithic environment into a programmable open RAN. Cellwize "The 5G era introduces a host of disruptive technologies that create unique growth opportunities for network operators and enterprise customers", said Frost & Sullivan Brent Iadarola, Vice President, ICT. "Cellwize's core differentiator is its open development ecosystem that allows service providers to thrive in an increasingly complex, multi-vendor environment. With a cloudified, open, microservices-based architecture, the CHIME platform supports flexible API-driven business models that enable a range of compelling use cases and innovative applications, which basically simplifies the operators' new complex reality." Cellwize serves more than 30 network operators across the Americas, Europe, and Asia-Pacific, and collaborates with leading partners and system integrators. It has built a robust ecosystem that leverages each partner's core competencies to personalize offerings for customers. Ultimately, its open network applications and development ecosystem enhances operating efficiency and accelerates customers' business outcomes. The company has developed a set of automated services that supports self-development and empowers operators to create their own algorithms and applications through open APIs. Cellwize addresses the numerous algorithms across different vendors by harnessing AI and high-level automation technology to guarantee consistent quality without manual inputs. "Cellwize has demonstrated that its platform can seamlessly scale across different parts of distinct networks, automating considerable elements of the network process," noted Iadarola. "Proven use cases have confirmed the viability and unprecendented agility of the CHIME platform." Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value as well as speed in response to market needs. The award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence. Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry. About Frost & Sullivan For six decades, Frost & Sullivan has been 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. Contact us: Start the discussion. Contact: Lindsey Whitaker P: +1 (210) 477-8457E: email@example.com About Cellwize Cellwize is all about enabling the networks of the future today. With CHIME, our cloudified and AI-driven RAN automation and orchestration platform, we enable mobile network operators (MNOs) to accelerate 5G network deployment and go-to-market, as well as improve the ROI on their network investments. Even in the most complex and dynamic of network environments, CHIME enables operators to connect to any application and any vendor, as well as co-create on top of the platform, delivering unprecedented ease, speed, and agility. With the future of 5G already here, CHIME is helping leading MNOs all over the world to launch and leverage their next generation networks and face the future with confidence. Learn more at www.cellwize.com. Media contact Cellwize Laura RaananGK for CellwizeLaura@gkpr.com +972 50-671-1772 Photo - https://mma.prnasia.com/media2/1444401/cellwize_award.jpg?p=medium600 Related Links :http://www.frost.com
Foreigners Enjoy the Spring Festival in China
BEIJING, Feb. 25, 2021 /PRNewswire/ -- A report from Science and Technology Daily: Compared with the spring festivals before the COVID-19 pandemic, the celebration in this year is quite different. Many Chinese people chose not to go back to hometown as people are encouraged to stay where they are and celebrate the Spring Festival, so did a group of foreigners who work in China. Two foreigners shared their stories of how they have celebrated the Spring Festival. Vikash Kumar Singh: I finished the translation of Qinqiang, and I like to be a messenger of cultural exchange between China and India Coming from India, Vikash Kumar Singh has been living in China for more than ten years and speaks Chinese very fluently. He now works as a teacher of Hindi at Beijing Foreign Studies University. Vikash had been translating Qinqiang, a critically acclaimed novel by Jia Pingwa, for almost two years. When the winter holiday began, Vikash had more time to work on the translation and managed to finish it before the Chinese new year. As part of a Chinese and Indian literature translation and publication program supported by both governments, Vikash thought that the translation of literary works like Qinqiang into Indian languages would open a window for Indian people, through which they can have a better understanding of China. "I would like to thank for the support from both governments for this program," said Vikash, "this is quite helpful for the mutual understanding of people from both countries." Getting this long-lasting work done, Vikash felt very relaxed. A lot of people chose to stayed in Beijing for the Spring Festival, which made the city more lively. Shopping malls, cinemas and restaurants were quite full. Vikash told the reporter that most of his friends also stayed in Beijing. They visited each other and talked about how they celebrate new year in their home country such as Indonesia and Bulgaria. And they felt it was also cool to stay in Beijing and enjoy the Spring Festival like this. As a typical "Haidian District" parent who highly values children's education and future development, Vikash often actively interacts with the parents of his child's classmates. According to Vikash, they even conducted heated discussion on the topic of "helping children to get admitted to the primary school" during the holiday. The cunning novel coronavirus has haunted people for almost one year. To contain COVID-19, people have been encouraged to stay where they are for the upcoming Spring Festival in China. "This is for the sake of personal and public safety." Vikash said, "If these are not considered, it will cause a lot of trouble." Vikash also spoke to his family in India about his experience of the unique holiday by phone. Besides, he introduced the customs of celebrating the spring festival in detail. Through the transnational dissemination of traditions and cultures, such as festivals and novels, Vikash deepened the mutual understanding of people from China and India with his profession. To some extent, he is becoming an "messenger of cultural exchange" in the new era. Jose Roberto : The Cooperation Between China and Brazil Fighting Against COVID-19 Warms People's Heart Jose Roberto, who has a nice Chinese name Fan Tianyang, is the science and technology counsellor at the Embassy of the Federation Republic of Brazil in Beijing. This is the first time that he celebrated the Spring Festival in China since he came to China in 2019. Roberto enjoys walking around Ritan Park, near his working place. "China's anti-pandemic measures have been successful in reducing the number of cases," he said. Roberto told Science and Technology Daily that he has spent the whole year of 2020 in China. He believes that Beijing now has a very high degree of urban economic activity because of the government's prompt response and effective measure. "I see changes happening in China every day." He noted. Although there are occasional COVID-19 cases emerging, the government can take timely measures and people observe the rules. As a result, people's daily life is getting back to normal gradually. The COVID-19 pandemic has caused trouble for the whole world. Roberto believes that people have to be patient, and keep on doing their own job well when the pandemic hits. "We also learned from the experience here. I mean the first control measures, the scientific articles that have been published in key magazines," Roberto said, regarding the fight against COVID-19, "at the very beginning, Brazil sent supplies here to China. We sent masks and then we received masks as well. This shows that we work together." Roberto said: "I would emphasize the health agencies' collaboration as very effective under a difficult environment. "Sometimes we could not send or speed up all the supplies as fast as we wanted. The whole world had logistical limits at that time, but we did work together and that was a very good example of collaboration. And this is still ongoing." Two of the main vaccines being used in Brazil depend on supplies made in China Roberto expressed his appreciation: "Thanks to this collaboration and other efforts, vaccines are available in Brazil and other countries." When talking about his vision for 2021, Roberto noted, although the world is still suffering from the COVID-19 pandemic, he has full confidence in the close communication between China and Brazil in the coming year. Authors: Fang Linlin, Yu Haoyuan, Lu Zijian, Long Yun, Zhang Jiaxin
Vipshop Reports Unaudited Fourth Quarter and Full Year 2020 Financial Results
Conference Call to Be Held at 7:30 A.M. U.S. Eastern Time on February 25, 2021GUANGZHOU, China, Feb. 25, 2021 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter and Full Year 2020 Highlights Total net revenue for the fourth quarter of 2020 increased by 22.0% year over year to RMB35.8 billion (US$5.5 billion) from RMB29.3 billion in the prior year period. Total net revenue for the full year of 2020 increased by 9.5% year over year to RMB101.9 billion (US$15.6 billion) from RMB93.0 billion in the prior year. GMV for the fourth quarter of 2020 increased by 25% year over year to RMB59.3 billion from RMB47.6 billion in the prior year period. GMV for the full year of 2020 increased by 11% year over year to RMB165.0 billion from RMB148.2 billion in the prior year. Gross profit for the fourth quarter of 2020 increased by 12.1% year over year to RMB7.8 billion (US$1.2 billion) from RMB7.0 billion in the prior year period. Gross profit for the full year of 2020 increased by 2.9% year over year to RMB21.3 billion (US$3.3 billion) from RMB20.7 billion in the prior year. Net income attributable to Vipshop's shareholders for the fourth quarter of 2020 increased by 67.7% year over year to RMB2.4 billion (US$374.1 million) from RMB1.5 billion in the prior year period. Net income attributable to Vipshop's shareholders for the full year of 2020 increased by 47.1% year over year to RMB5.9 billion (US$905.3 million) from RMB4.0 billion in the prior year. Non-GAAP net income attributable to Vipshop's shareholders for the fourth quarter of 2020 increased by 33.4% year over year to RMB2.6 billion (US$394.8 million) from RMB1.9 billion in the prior year period. Non-GAAP net income attributable to Vipshop's shareholders for the full year of 2020 increased by 25.0% year over year to RMB6.3 billion (US$960.7 million) from RMB5.0 billion in the prior year. The number of active customers for the fourth quarter of 2020 increased by 37% year over year to 53.0 million from 38.6 million in the prior year period. The number of active customers for the full year of 2020 increased by 22% year over year to 83.9 million from 69.0 million in the prior year. Total orders for the fourth quarter of 2020 increased by 30% year over year to 227.3 million from 174.6 million in the prior year period. Total orders for the full year of 2020 increased by 22% year over year to 692.4 million from 566.3 million in the prior year. Mr. Eric Shen, Chairman and Chief Executive Officer of Vipshop, stated, "We are delighted to have finished the year of 2020 with strong financial and operational results in the fourth quarter. The growth in our number of active customers in the fourth quarter of 2020 continued to accelerate, reaching 37% year over year. Our GMV in the quarter has also shown strong growth momentum, with total GMV increasing by 25% year over year to 59.3 billion from 47.6 billion in the prior year period, driven by a strong 28% year-over-year increase in apparel-related GMV. We are glad that our customers, old and new, are recognizing the value of our differentiated offerings, as exemplified by a 10% year-over-year increase in our conversion rate in the fourth quarter of 2020. Looking ahead, we will continue to be keenly focused on our merchandising strategy, while at the same time, enhancing our big data and technological capabilities to cater to the diversified needs of a broader customer base, particularly in our core categories, aiming to further expand our market share in China's discount retail market." Mr. David Cui, Chief Financial Officer of Vipshop, further commented, "We continued to deliver accelerated topline growth in the fourth quarter of 2020, driven by the strong growth in our number of active customers, of which new customers grew even faster on a year-over-year basis. In addition, our net income grew faster than our revenues, demonstrating enhanced profitability, and we generated robust free cash inflow for the trailing twelve months ended December 31, 2020. We believe these successes result from our focus on offering our customers desirable merchandises at deep discounts, while providing them with superior shopping experience. We are committed to continuing to offer value to our customers while helping our brand partners grow their business and monetize their excess inventory quickly and effectively, ultimately generating sustainable return for our shareholders." Fourth Quarter 2020 Financial Results REVENUE Total net revenue for the fourth quarter of 2020 increased by 22.0% year over year to RMB35.8 billion (US$5.5 billion) from RMB29.3 billion in the prior year period, primarily driven by the growth in the number of total active customers. GROSS PROFIT Gross profit for the fourth quarter of 2020 increased by 12.1% year over year to RMB7.8 billion (US$1.2 billion) from RMB7.0 billion in the prior year period. Gross margin for the fourth quarter of 2020 was 21.9%, as compared with 23.9% in the prior year period. OPERATING EXPENSES Total operating expenses for the fourth quarter of 2020 were RMB5.4 billion (US$830.9 million), as compared with RMB5.4 billion in the prior year period. As a percentage of total net revenue, total operating expenses for the fourth quarter of 2020 decreased to 15.2% from 18.3% in the prior year period. Fulfillment expenses for the fourth quarter of 2020 were RMB2.2 billion (US$335.6 million), as compared with RMB2.1 billion in the prior year period. As a percentage of total net revenue, fulfillment expenses for the fourth quarter of 2020 decreased to 6.1% from 7.0% in the prior year period, primarily attributable to the change in fulfillment logistic arrangement. Marketing expenses for the fourth quarter of 2020 were RMB1.7 billion (US$261.1 million), as compared with RMB944.1 million in the prior year period. As a percentage of total net revenue, marketing expenses for the fourth quarter of 2020 were 4.8%, as compared with 3.2% in the prior year period, primarily attributable to increased investment in customer acquisition. Technology and content expenses for the fourth quarter of 2020 decreased to RMB272.4 million (US$41.7 million) from RMB362.2 million in the prior year period. As a percentage of total net revenue, technology and content expenses for the fourth quarter of 2020 decreased to 0.8% from 1.2% in the prior year period. General and administrative expenses for the fourth quarter of 2020 were RMB1.3 billion (US$192.5 million), as compared with RMB1.7 billion in the prior year period. As a percentage of total net revenue, general and administrative expenses for the fourth quarter of 2020 decreased to 3.5% from 5.9% in the prior year period. INCOME FROM OPERATIONS Income from operations for the fourth quarter of 2020 increased by 45.9% year over year to RMB2.6 billion (US$396.9 million) from RMB1.8 billion in the prior year period. Operating margin for the fourth quarter of 2020 increased to 7.2% from 6.1% in the prior year period. Non-GAAP income from operationsfor the fourth quarter of 2020, which excluded share-based compensation expenses and amortization of intangible assets resulting from business acquisitions, increased by 30.2% year over year to RMB2.8 billion (US$432.1 million) from RMB2.2 billion in the prior year period. Non-GAAP operating income margin for the fourth quarter of 2020 increased to 7.9% from 7.4% in the prior year period. NET INCOME Net income attributable to Vipshop's shareholders for the fourth quarter of 2020 increased by 67.7% year over year to RMB2.4 billion (US$374.1 million) from RMB1.5 billion in the prior year period. Net margin attributable to Vipshop's shareholders for the fourth quarter of 2020 increased to 6.8% from 5.0% in the prior year period. Net income attributable to Vipshop's shareholders per diluted ADS for the fourth quarter of 2020 increased to RMB3.51 (US$0.54) from RMB2.14 in the prior year period. Non-GAAP net income attributable to Vipshop's shareholders for the fourth quarter of 2020, which excluded (i) share-based compensation expenses, (ii) tax effect of share-based compensation expenses, (iii) impairment loss of investments, (iv) amortization of intangible assets resulting from business acquisitions, (v) tax effect of amortization of intangible assets resulting from business acquisitions, (vi) investment gain and revaluation of investments excluding dividends, (vii) tax effect of investment gain and revaluation of investments excluding dividends, and (viii) share of loss in investment of limited partnerships that are accounted for as equity method investees, increased by 33.4% year over year to RMB2.6 billion (US$394.8 million) from RMB1.9 billion in the prior year period. Non-GAAP net margin attributable to Vipshop's shareholders for the fourth quarter of 2020 increased to 7.2% from 6.6% in the prior year period. Non-GAAP net income attributable to Vipshop's shareholders per diluted ADS for the fourth quarter of 2020 increased to RMB3.70 (US$0.57) from RMB2.84 in the prior year period. For the quarter ended December 31, 2020, the Company's weighted average number of ADSs used in computing diluted income per ADS was 696,098,755. BALANCE SHEET AND CASH FLOW As of December 31, 2020, the Company had cash and cash equivalents and restricted cash of RMB12.8 billion (US$2.0 billion) and short term investments of RMB7.3 billion (US$1.1 billion). For the quarter ended December 31, 2020, net cash from operating activities was RMB7.2 billion (US$1.1 billion), and free cash flow, a non-GAAP measurement of liquidity, was as follows: For the three months ended Dec 31, 2019 RMB'000 Dec 31, 2020 RMB'000 Dec 31, 2020 US$'000 Net cash from operating activities 6,091,889 7,227,682 1,107,691 Add: Net impact from Internet financingactivities (1,231,955) (90,565) (13,880) Less: Capital expenditures (1,135,856) (499,787) (76,596) Free cash inflow 3,724,078 6,637,330 1,017,215 Full Year 2020 Financial Results Total net revenue for the full year of 2020 increased by 9.5% year over year to RMB101.9 billion (US$15.6 billion) from RMB93.0 billion in the prior year, primarily driven by the growth in the number of total active customers. Gross profit for the full year of 2020 increased by 2.9% year over year to RMB21.3 billion (US$3.3 billion) from RMB20.7 billion in the prior year. Gross margin for the full year of 2020 was 20.9%, as compared with 22.2% in the prior year. Income from operations for the full year of 2020 increased by 22.8% year over year to RMB5.9 billion (US$898.1 million) from RMB4.8 billion in the prior year. Operating margin for the full year of 2020 increased to 5.8% from 5.1% in the prior year. Non-GAAP income from operations for the full year of 2020, which excluded share-based compensation expenses and amortization of intangible assets resulting from business acquisitions, increased by 19.0% year over year to RMB6.8 billion (US$1.0 billion) from RMB5.8 billion in the prior year. Non-GAAP operating income margin for the full year of 2020 increased to 6.7% from 6.2% in the prior year. Net income attributable to Vipshop's shareholders for the full year of 2020 increased by 47.1% year over year to RMB5.9 billion (US$905.3 million) from RMB4.0 billion in the prior year. Net margin attributable to Vipshop's shareholders for the full year of 2020 increased to 5.8% from 4.3% in the prior year. Net income attributable to Vipshop's shareholders per diluted ADS for the full year of 2020 increased to RMB8.56 (US$1.31) from RMB5.92 in the prior year. Non-GAAP net income attributable to Vipshop's shareholders for the full year of 2020, which excluded (i) share-based compensation expenses, (ii) tax effect of share-based compensation expenses, (iii) impairment loss of investments, (iv) amortization of intangible assets resulting from business acquisitions, (v) tax effect of amortization of intangible assets resulting from business acquisitions, (vi) investment gain and revaluation of investments excluding dividends, (vii) tax effect of investment gain and revaluation of investments excluding dividends, and (viii) share of loss in investment of limited partnership that is accounted for as an equity method investee, increased by 25.0% year over year to RMB6.3 billion (US$960.7 million) from RMB5.0 billion in the prior year. Non-GAAP net margin attributable to Vipshop's shareholders for the full year of 2020 increased to 6.2% from 5.4% in the prior year. Non-GAAP net income attributable to Vipshop's shareholders per diluted ADS for the full year of 2020 increased to RMB9.08 (US$1.39) from RMB7.38 in the prior year. For the full year of 2020, the Company's weighted average number of ADSs used in computing diluted earnings per ADS was 690,180,050. For the full year of 2020, net cash from operating activities was RMB11.8 billion (US$1.8 billion), and free cash flow, a non-GAAP measurement of liquidity, was as follows: For the trailing twelve months ended Dec 31, 2019 RMB'000 Dec 31, 2020 RMB'000 Dec 31, 2020 US$'000 Net cash from operating activities 12,290,183 11,820,444 1,811,562 Add: Net impact from Internet financing activities (5,542,083) (1,226,467) (187,964) Less: Capital expenditures (4,277,673) (2,271,896) (348,183) Free cash inflow 2,470,427 8,322,081 1,275,415 Business Outlook For the first quarter of 2021, the Company expects its total net revenue to be between RMB27.2 billion and RMB28.2 billion, representing a year-over-year growth rate of approximately 45% to 50%. These forecasts reflect the Company's current and preliminary view on the market and operational conditions, which is subject to change. Exchange Rate The Company's business is primarily conducted in China and the significant majority of revenues generated are denominated in Renminbi. This announcement contains currency conversions of Renminbi amounts into U.S. dollars solely for the convenience of the reader. Unless otherwise noted, all translations from Renminbi to U.S. dollars are made at a rate of RMB6.5250 to US$1.00, the effective noon buying rate on December 31, 2020 as set forth in the H.10 statistical release of the Federal Reserve Board. No representation is made that the Renminbi amounts could have been, or could be, converted, realized or settled into U.S. dollars at that rate on December 31, 2020, or at any other rate. Conference Call Information The Company will hold a conference call on Thursday, February 25, 2021 at 7:30 am Eastern Time or 8:30 pm Beijing Time to discuss its financial results and operating performance for the fourth quarter and full year of 2020. All participants wishing to join the conference call must pre-register online using the link provided below. Once pre-registration has been complete, participants will receive dial-in numbers, a passcode, and a unique registrant ID. To join the conference, simply dial the number in the calendar invite you receive after pre-registration, enter the passcode followed by your PIN, and you will join the conference instantly. Conference ID #2154516 Registration Link http://apac.directeventreg.com/registration/event/2154516 The replay will be accessible through March 5, 2021 by dialing the following numbers: United States Toll Free: +1-855-452-5696 International: +61-2-8199-0299 Conference ID: #2154516 A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.vip.com. About Vipshop Holdings Limited Vipshop Holdings Limited is a leading online discount retailer for brands in China. Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. For more information, please visit www.vip.com. 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 business outlook and quotations from management in this announcement, as well as Vipshop's strategic and operational plans, contain forward-looking statements. Vipshop may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (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 Vipshop's beliefs and expectations, are forward-looking statements. 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 statement, including but not limited to the following: Vipshop's goals and strategies; Vipshop's future business development, results of operations and financial condition; the expected growth of the online discount retail market in China; Vipshop's ability to attract customers and brand partners and further enhance its brand recognition; Vipshop's expectations regarding demand for and market acceptance of flash sales products and services; competition in the discount retail industry; the potential impact of the COVID-19 to Vipshop's business operations and the economy in China and elsewhere generally; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Vipshop's filings with the SEC. All information provided in this press release is as of the date of this press release, and Vipshop does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Use of Non-GAAP Financial Measures The condensed consolidated financial information is derived from the Company's unaudited interim condensed consolidated financial statements prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), except that comparative consolidated statements of income and cash flows for the period presented and detailed footnote disclosures required by Accounting Standards Codification 270, Interim Reporting ("ASC270"), have been omitted. Vipshop uses non-GAAP net income attributable to Vipshop's shareholders, non-GAAP net income attributable to Vipshop's shareholders per diluted ADS, non-GAAP income from operations, non-GAAP operating income margin, non-GAAP net margin attributable to Vipshop's shareholders, and free cash flow, each of which is a non-GAAP financial measure. Non-GAAP net income attributable to Vipshop's shareholders is net income attributable to Vipshop's shareholders excluding (i) share-based compensation expenses, (ii) tax effect of share-based compensation expenses, (iii) impairment loss of investments, (iv) amortization of intangible assets resulting from business acquisitions, (v) tax effect of amortization of intangible assets resulting from business acquisitions, (vi) investment gain and revaluation of investments excluding dividends, (vii) tax effect of investment gain and revaluation of investments excluding dividends, and (viii) share of loss in investment of limited partnerships that are accounted for as equity method investees. Non-GAAP net income attributable to Vipshop's shareholders per diluted ADS is computed using non-GAAP net income attributable to Vipshop's shareholders divided by weighted average number of diluted ADS outstanding for computing diluted earnings per ADS. Non-GAAP income from operations is income from operations excluding share-based compensation expenses and amortization of intangible assets resulting from business acquisitions. Non-GAAP operating income margin is non-GAAP income from operations as a percentage of total net revenue. Non-GAAP net margin attributable to Vipshop's shareholders is non-GAAP net income attributable to Vipshop's shareholders as a percentage of total net revenue. Free cash flow is net cash from operating activities adding back the impact from Internet financing activities and less capital expenditures, which include purchase and deposits of property and equipment and land use rights, and purchase of other assets. Impact from Internet financing activities added back or deducted from free cash flow contains changes in the balances of financial products, which are primarily consumer financing and supplier financing that the Company provides to customers and suppliers. The Company believes that separate analysis and exclusion of the non-cash impact of (a) share-based compensation, (b) impairment loss of investments, (c) amortization of intangible assets resulting from business acquisitions, (d) investment gain and revaluation of investments excluding dividends, and (e) share of loss in investment of limited partnerships that are accounted for as equity method investees add clarity to the constituent parts of its performance. The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses these non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of (1) non-cash share-based compensation expenses, (2) impairment loss of investments, (3) amortization of intangible assets resulting from business acquisitions, (4) investment gain and revaluation of investments excluding dividends, and (5) share of loss in investment of limited partnerships that are accounted for as equity method investees. Free cash flow enables the Company to assess liquidity and cash flow, taking into account the impact from Internet financing activities and the financial resources needed for the expansion of fulfillment infrastructure and technology platform. Share-based compensation expenses and amortization of intangible assets have been and will continue to be significant recurring expenses in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. One of the key limitations of free cash flow is that it does not represent the residual cash flow available for discretionary expenditures. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Vipshop Holdings Limited Reconciliations of GAAP and Non-GAAP Results" at the end of this release.  "Gross merchandise value (GMV)" is defined as the total Renminbi value of all products and services sold through the Company's online sales business, online marketplace platform, offline stores, and Shan Shan Outlets during the relevant period, including through the Company's websites and mobile apps, third-party websites and mobile apps, Vipshop offline stores and Vipmaxx offline stores, as well as Shan Shan Outlets that were fulfilled by either the Company or its third-party merchants, regardless of whether or not the goods were delivered or returned. GMV includes shipping charges paid by buyers to sellers. For prudent considerations, the Company does not consider products or services to be sold if the relevant orders were placed and canceled pre-shipment and only included orders that left the Company's or other third-party vendors' warehouses.  Non-GAAP net income attributable to Vipshop's shareholders is a non-GAAP financial measure, which is defined as net income attributable to Vipshop's shareholders excluding (i) share-based compensation expenses, (ii) tax effect of share-based compensation expenses, (iii) impairment loss of investments, (iv) amortization of intangible assets resulting from business acquisitions, (v) tax effect of amortization of intangible assets resulting from business acquisitions, (vi) investment gain and revaluation of investments excluding dividends, (vii) tax effect of investment gain and revaluation of investments excluding dividends, and (viii) share of loss in investment of limited partnerships that are accounted for as equity method investees.  "Active customers" is defined as registered members who have purchased from the Company's online sales business or the Company's online marketplace platforms at least once during the relevant period.  "Total orders" is defined as the total number of orders placed during the relevant period, including the orders for products and services sold through the Company's online sales business and the Company's online marketplace platforms (excluding, for the avoidance of doubt, orders from the Company's offline stores and outlets), net of orders returned.  Non-GAAP income from operations is a non-GAAP financial measure, which is defined as income from operations excluding share-based compensation expenses and amortization of intangible assets resulting from business acquisitions.  Non-GAAP operating income margin is a non-GAAP financial measure, which is defined as non-GAAP income from operations as a percentage of total net revenues.  "ADS" means American depositary share, each of which represents 0.2 Class A ordinary share.  Non-GAAP net margin attributable to Vipshop's shareholders is a non-GAAP financial measure, which is defined as non-GAAP net income attributable to Vipshop's shareholders, as a percentage of total net revenues.  Non-GAAP net income attributable to Vipshop's shareholders per diluted ADS is a non-GAAP financial measure, which is defined as non-GAAP net income attributable to Vipshop's shareholders, divided by the weighted average number of diluted ADS outstanding for computing diluted earnings per ADS.  Free cash flow is a non-GAAP financial measure, which is defined as net cash from (used in) operating activities adding back the impact from Internet financing activities and less capital expenditures, which include purchase and deposits of property and equipment and land use rights, and purchase of other assets.  Net impact from Internet financing activities represents net cash flow relating to the Company's financial products, which are primarily consumer financing and supplier financing that the Company provides to its customers and suppliers. Vipshop Holdings Limited Unaudited Condensed Consolidated Statements of Income and Comprehensive Income (In thousands, except for share and per share data) Three Months Ended Twelve Months Ended December 31,2019 December 31,2020 December 31,2020 December 31,2019 December 31,2020 December 31,2020 RMB'000 RMB'000 USD'000 RMB'000 RMB'000 USD'000 Product revenues 28,062,306 34,111,067 5,227,750 88,721,311 97,449,712 14,934,822 Other revenues (1) 1,256,798 1,663,874 255,000 4,273,107 4,408,777 675,675 Total net revenues 29,319,104 35,774,941 5,482,750 92,994,418 101,858,489 15,610,497 Cost of revenues (22,318,374) (27,927,515) (4,280,079) (72,314,190) (80,573,181) (12,348,380) Gross profit 7,000,730 7,847,426 1,202,671 20,680,228 21,285,308 3,262,117 Operating expenses: Fulfillment expenses (2) (2,052,916) (2,189,585) (335,569) (7,317,706) (6,878,991) (1,054,251) Marketing expenses (944,100) (1,703,582) (261,085) (3,323,927) (4,284,274) (656,594) Technology and content expenses (362,160) (272,379) (41,744) (1,568,107) (1,221,264) (187,167) General and administrative expenses (1,732,020) (1,256,115) (192,508) (4,064,264) (3,748,548) (574,490) Goodwill impairment loss (278,263) 0 0 (278,263) 0 0 Total operating expenses (5,369,459) (5,421,661) (830,906) (16,552,267) (16,133,077) (2,472,502) Other operating income 144,162 164,011 25,136 645,413 707,855 108,483 Income from operations 1,775,433 2,589,776 396,901 4,773,374 5,860,086 898,098 Investment gain and revaluation of investments (30,529) 200,276 30,694 166,932 980,868 150,325 Impairment loss of investments (43,973) (38,114) (5,841) (127,589) (43,160) (6,614) Interest expense (14,740) (6,269) (961) (86,004) (67,357) (10,323) Interest income 70,287 155,255 23,794 217,027 449,017 68,815 Foreign exchange loss (35,162) (98,021) (15,022) (935) (160,097) (24,536) Income before income tax expense and share of gain of equity method investees 1,721,316 2,802,903 429,565 4,942,805 7,019,357 1,075,765 Income tax expenses (313,802) (384,660) (58,952) (983,554) (1,130,016) (173,183) Share of gain of equity method investees 2,488 29,468 4,516 27,182 30,015 4,600 Net income 1,410,002 2,447,711 375,129 3,986,433 5,919,356 907,182 Net loss(income) attributable to non-controlling interests 45,556 (6,898) (1,057)
Unity, Adobe, Snap, and Facebook Among 12 AR Companies Identified by ABI Research as Key Innovators
LONDON, Feb. 25, 2021 /PRNewswire/ -- Global tech market advisory firm ABI Research examined the current Augmented Reality(AR) market and identified 12 AR solution providers in both consumer and enterprise markets that are leading in their area of expertise through novel solutions. Hardware, software, and services all saw innovation during 2020, with exciting growth in content creation, ease of access and distribution, and consumption. "In the last couple of months, efforts from AR players have gravitated toward democratizing AR content creation, enriching capabilities, and simplifying distribution processes to empower creators and encourage the development of more efficient and realistic AR experiences," says Eleftheria Kouri, Research Analyst at ABI Research. "The democratization of AR content creation not only expands the nature of AR use cases and decreases development costs but also builds a foundation for the next generation of AR devices." Hot tech innovators include leading AR content creation tools such as Unity, Adobe, Snapchat Lens Studio, and Spark AR (Facebook). These innovators are investing in tools and processes that minimize the need of advanced coding skills and decrease costs of 3D content creation. At the same time, they assist creators to leverage the capabilities of Artificial Intelligence (AI) and Machine Learning (ML) to make context aware, responsive, and realistic AR experiences. All are essential both for complex enterprise use cases such as 3D model visualization as well as consumer focused content like retail. Innovating in the retail space is L'Oreal. This pioneer in the cosmetic industry, has used advancements in AI and AR to turn the makeup virtual try on from a gimmicky concept to a decision-making tool. L'Oréal's AR solution has been integrated with the Snap Camera desktop app, allowing users to virtually wear makeup during video calls on various social platforms. This solution allows the brand to remain engaged with consumers throughout the pandemic. AR Quick Look (Apple) is another innovator in the retail space. AR Quick Look is a feature of ARKit, which enables users to preview 3D models and place virtual content on any surface in any real-world environment that is recognized by an Apple device thanks to ARKit spatial tracking. Users can interact with virtual content by moving and scaling it. Remote assistance got a boost from the pandemic and Realwear and TeamViewer rose to the challenge. RealWear devices are designed to support remote workers and hands-free tasks in hazardous environments, thanks to voice control and noise cancelation algorithms and personal protective equipment compatibility. TeamViewer Pilot, is an AR-based remote support solution suitable for troubleshooting PC problems, assisting with automotive issues or household repairs, and maintaining assignments for manufacturing facilities in remote or international locations. The COVID-19 pandemic and the establishment of remote work/learning/entertainment at home and the need for telehealth service has unlocked opportunities for new AR providers and use cases to get established in the market, beyond popular use cases like enterprise remote expertise and consumer gaming. For instance, Spatial is a holographic collaboration platform that addresses the lack of physical contact and interaction at traditional video calls through human avatars. Another novel company is Immersiv.io, which specializes in the sports industry and leverages AR, AI, and computer vision technologies for interactive stadium experiences at home. XR Health is a AR/VR health provider that delivers VR devices to a patients' location, allowing them to continue mental wellness therapies in the comfort of their home rather than in-person visits therapists. Young students forced to learn at home are benefitting from Designmate, which specializes in creating 3D animated content, simulations, and quizzes for young students. The apps have been designed with an intuitive UI, allowing young students to explore and understand complex topics such as the human brain and plant life cycles with the assistance of AR technology. "2020's challenges also brought opportunity and will bring about not only more ubiquitous access and usage of AR and VR content, but improvements to existing platforms. While innovation is most seen in smaller, newer companies, AR and VR have a healthy mix; larger companies can still be innovative and impactful in a nascent market. Focus from major players like Facebook and Apple still drive the market forward, while smaller companies can fill in gaps. Going forward, M&A will play an increasingly common role in the immersive markets for this reason," concludes Eric Abbruzzese, Research Director for ABI Research. These findings are from ABI Research's Hot Tech Innovators: AR Content report. This report is part of the company's Augmented and Virtual Reality research service, which includes research, data, and ABI Insights. Hot Tech Innovators reports focus on companies at the forefront of transformational innovation, particularly those that are younger and less well-known than the incumbents, at the technological forefront of their markets, developing new business models, destabilizing the current market and prime acquisition targets. About ABI Research ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com. Contact Info: Global Deborah Petrara Tel: +1.516.624.2558 firstname.lastname@example.org Logo - https://mma.prnasia.com/media2/276887/abi_research_logo.jpg?p=medium600 Related Links :http://www.abiresearch.com
Actimedia PR & Digital Named 'Fashion & Lifestyle Agency Of The Year'
NEW DELHI and MUMBAI, India, Feb. 25, 2021 /PRNewswire/ -- Actimedia PR & Digital, one of India's leading media communications companies, was conferred the 'Fashion & Lifestyle Agency of the Year' award at the recently concluded IPRCCA ceremony held at Hyatt Regency, New Delhi. Actimedia has specialized in fashion and lifestyle PR consulting for over two-decades, having closely worked with some top names in the space. The agency also took home a Silver in Events & Experiential Marketing for OML; a Silver in Influencer Impact for Havaianas and a Bronze in Travel & Tourism for Switzerland Tourism. "We are delighted with these wins in our maiden foray into the awards season. Actimedia prides itself on being the first agency to specialize in the then emerging lifestyle space back in 1998. Twenty-two years later we've only gotten better at what we do. We've added extensively to our repertoire of clients and reshaped brands through our wealth of experience over the years. I would like to thank all my partner brands for entrusting us with the responsibility of providing them the lifestyle edge," said Amitabh Saksena, Founder & Managing Director, Actimedia PR & Digital. "At Actimedia, we work with a curated list of brands and are focused on making them shine in their respective areas of work. Our teams work with a strong sense of ownership on their brands, so we feel validated with these awards. All the hard work and internal practices we've put in place to serve our clients in the best possible way have paid off," says Trupti Vasudev, CEO & Director, Actimedia PR & Digital. Some of the brands Actimedia has worked with include L'Oreal Paris, Maybelline New York, Garnier, Lancôme, Neutrogena, Clean & Clear, Biotherm, Sula Wines, Bira 91, Kingfisher Swimsuit Calendar, Sahara Force India F1, Tommy Hilfiger, Nautica, Arrow, Louis Phillipe, Van Heusen, Disney, Puma, Reebok, Onitsuka Tiger, Bata, Skechers, Grand Hyatt Mumbai, JW Marriott Mumbai, Hyatt Regency Mumbai; Alila Diwa Goa, Kurumba Resorts Maldives, Sheraton Park Chennai, F. Bar & Lounges, Good Earth, Christies & Bonham's. Its current partners brands include Endemol Shine, Graphic India, Emerald Media, Metro Shoes, Norwegian Cruise Line, London & Partners, Switzerland Tourism, OML, LimeRoad, Nodwin Gaming, Inorbit Malls and DeBeers Forevermark, to name a few. Media Contact: Shruti Makharia, email@example.com
Comscore and Samba TV Announce Expansion of Connected TV Data Partnership to Australia
Continuing global expansion of Comscore's cross-platform measurement powered by Samba TV's first-party connected TV data in APAC region RESTON, Va., Feb. 25, 2021 /PRNewswire/ -- Comscore (NASDAQ: SCOR), a trusted partner for planning, transacting, and evaluating media across platforms, today announced the expansion of its TV measurement footprint to Australia, driven by its partnership with Samba TV, the leading global provider of omniscreen advertising data and audience analytics. The new connected TV (CTV) measurement solution, launched last year in select European markets, has now reached this key market in the Asia-Pacific (APAC) region. "We are delighted to be extending our TV measurement capabilities to Australia," said Bill Livek, CEO, Comscore. "As a leader in TV measurement in the U.S., we are in a unique position to harness our valuable data capabilities in partnership with Samba TV and create an unmatched measurement offer – across platforms and around the world." Comscore's cross-platform smart TV measurement capabilities will enable advertisers in Australia to understand how to reach valuable audiences. Clients will be able to evaluate the impact of their advertising and its effectiveness at driving key outcomes. The new capabilities will also allow advertisers to access brand level competitive advertising insights as well as overall category insights, to understand the media landscape in Australia and APAC. "Australia enjoys the largest per capita digital media spend in the world. As the media landscape and consumption patterns evolve faster than ever, it is imperative to add CTV measurement as a source of truth to the media industry in Australia," said Samba TV Co-founder and CEO Ashwin Navin. "We are excited to leverage our massive, global scale of smart TV data to augment the capabilities of leading measurement companies like Comscore to address the complexity of today's media landscape in Australia and APAC." As a result of this partnership, notable clients have already commenced new TV measurement projects in Europe and now Australia. Comscore and Samba TV plan to continue expansion into additional regions throughout 2021. About ComscoreComscore (NASDAQ: SCOR) is a trusted partner for planning, transacting and evaluating media across platforms. With a data footprint that combines digital, linear TV, over-the-top and theatrical viewership intelligence with advanced audience insights, Comscore allows media buyers and sellers to quantify their multiscreen behavior and make business decisions with confidence. A proven leader in measuring digital and TV audiences and advertising at scale, Comscore is the industry's emerging, third-party source for reliable and comprehensive cross-platform measurement. About Samba TVSamba TV enables the next generation TV experience powered by its first-party data, helping viewers engage with relevant media and empowering brand marketers to quantify that engagement. Samba TV's insights are built on the world's most comprehensive source of real-time viewership data across broadcast, cable, over-the-top, and digital media. Invented in 2011, Samba TV's ACR is integrated at the chipset level across 20 of the top Smart TV brands globally (the most in the industry) analyzing the content on screen in real-time, regardless of source. Samba TV delivers unbiased, comprehensive viewership data addressable through more than a billion devices around the world. The world's leading brands leverage Samba TV to quantify media investments and amplify them across all the screens we use to watch video. For more information, please visit www.samba.tv. Related Links :http://www.comscore.com
Confluent Appoints Ingram Micro as Singapore Distributor, Helping More Enterprises Harness the Full Power of Event Streaming
SINGAPORE, Feb. 25, 2021 /PRNewswire/ -- Confluent, Inc., the event streaming platform pioneer, announced today that it has teamed with global technology provider Ingram Micro to deliver its market-leading event streaming platform to more customers in Singapore. By harnessing the power of data in motion, event streaming enables companies to deliver the next generation of applications across a number of use cases including customer experience, fraud detection, supply chain optimization, patient monitoring, fleet management, IoT sensor Ingestion and Cyber security. Current Confluent customers in Singapore and across APAC include Bank Rakyat Indonesia, DBS Bank, Disney + Hotstar, and SGX (Singapore Exchange). "Our agreement with Ingram Micro is an important milestone in supporting the increasing demand for event streaming platforms in Asia," said Damien Wong, Vice President of Confluent APAC. "Through this relationship, more companies in Singapore - and further throughout Asia in the near future - will be able to harness the full power of data in motion at massive scale." Ingram Micro is the world's largest technology distributor, with deep expertise in technology solutions, mobility, cloud, and supply chain solutions, enabling its business partners to operate efficiently and successfully in the markets they serve. Ingram Micro operates in 160 countries, including China Hong Kong, Singapore, and across Southeast Asia. "We're excited to partner with Confluent so our customers can advance their digital transformation initiatives," said Francis Choo, VP & CCE, ASEAN HK, Global Partner Engagement - APAC, Ingram Micro. "Ingram Micro will leverage our position as a market leader in value distribution with a vast infrastructure and go-to-market (GTM) expertise to deliver a joint GTM strategy in Singapore and the rest of Asia, helping organizations solve fundamental problems and enacting true transformation via event streaming." In addition to Singapore, the Confluent and Ingram Micro agreement also spans China Hong Kong, Indonesia, Malaysia and Thailand and will extend to other parts of Asia this year. Confluent started operations in Asia Pacific in 2018 to meet the rapidly growing demand for event streaming in the region. Confluent has offices globally and in the Asia Pacific region, offices in Singapore, Australia, India, China Hong Kong and South Korea. The Rise of Event Streaming and Confluent In the digital economy, data is always in motion, powering rich customer experiences and efficient, data-driven applications. If you've ever found a new favorite series on a streaming service thanks to the service's recommendation or received a credit card fraud alert on your phone the moment the activity occurred, you've been a part of this shift. Customers have grown to expect these personalized real-time experiences, which is why every company's ability to adapt to this new reality is critical today. Yet, while the imperative for businesses to quickly adapt to this new paradigm has changed, most organizations' infrastructure has not. Organizations are held back from delivering these experiences by the limitations of batch processing and legacy platforms - these companies have to get better, or they'll get beat. The solution is an architecture that supports data in motion - event streaming, a category of computing that enables any business to stream, store, and process data in real time. This infrastructure is now a required part of the stack for modern application. Confluent was created by the original founders of Apache Kafka to ensure that any company can harness the power of event streaming at scale. Confluent launched the industry's first event streaming platform built for the enterprise. In 2020, Confluent brought the core attributes of cloud computing to event streaming through Project Metamorphosis. Now, it's easier than ever for companies to realize the full power of event streaming - when it serves as a central nervous system for the entire organization. With event streaming acting as a central nervous system, all the data within an organization becomes instantly available to all applications and people in real time. As a result, new business can be uncovered, customer experiences exceeded, and new operational efficiencies realized. Additional Resources: See how Confluent is helping its customers transform their businesses: https://www.confluent.io/customers/ Learn more about Confluent: https://www.confluent.io/ Follow Confluent on Twitter: https://twitter.com/confluentinc Press Contact for APAC: Jessica Schwarze at firstname.lastname@example.org About Confluent Confluent, founded by the original creators of Apache Kafka®, pioneered the enterprise-ready event streaming platform. With Confluent, organizations benefit from the first event streaming platform built for the enterprise with the ease of use, scalability, security, and flexibility required by the most discerning global companies to run their business in real time. Companies leading their respective industries have realized success with this new platform paradigm to transform their architectures to streaming from batch processing, spanning on-premises and multi-cloud environments. Confluent is headquartered in Mountain View and London, with offices globally. To learn more, please visit www.confluent.io. Download Confluent Platform and Confluent Cloud at www.confluent.io/download. Confluent and associated marks are trademarks or registered trademarks of Confluent, Inc. Apache® and Apache Kafka® are either registered trademarks or trademarks of the Apache Software Foundation in the United States and/or other countries. No endorsement by the Apache Software Foundation is implied by the use of these marks. All other trademarks are the property of their respective owners. Media Contact InformationJessica Schwarzejschwarze@confluent.io Related Images confluent-appoints-ingram-micro-as.jpg Confluent appoints Ingram Micro as Asia Distributor Derk van Ogtorp, Alliances Director, APAC at Confluent; Damien Wong, VP, APAC at Confluent; Francis Choo, VP & CCE, ASEAN HK, Global Partner Engagement - APAC, Ingram Micro; and Eunice Lau, Managing Director, Singapore, Ingram Micro
Smaato's Digital Ad Tech Platform is a Data-Privacy Compliant, Self-Serve Ad Server and Monetization Solution That Gives Publishers Controls to B
Digital Advertising Technology Platform Smaato enters the new era of privacy with an omnichannel approach, extending reach for marketers across all channels while giving publishers controls to create their own walled gardens SAN FRANCISCO, Feb. 25, 2021 /PRNewswire/ -- Smaato's screen, device, format, environment and revenue-model agnostic platform is designed to enhance end-user experiences. Publishers and marketers can rest assured that user data remains protected, while the most highly relevant ads reach Smart TVs, desktops and mobile devices around the globe. "Advertising is much more than performance and metrics. It's about capturing a moment and re-living an experience where metrics are the outcome of the positive experience," says Smaato CEO Ajitpal Pannu. "As we enter a new era of privacy and shift away from targeting as the primary objective toward experiences as the focus, we as an industry are tasked with finding new ways to create experiences for end users. Meeting audiences where they are, across any device, ad environment and ad format - all while maintaining user privacy - means putting publishers in control of their data, as well as integrating monetization into their content strategy." Smaato's self-serve platform and free ad server allow publishers greater transparency, flexibility, and increased competition from advertisers. The result is higher revenues. Smaato's Customer Data Platform allows publishers to manage their valuable first-party data so advertisers deliver only the most relevant ads to premium audiences around the world through the programmatic pipes. "Publishers protect and manage their non-PII data inside the Smaato platform with complete ownership, creating their own walled gardens. This allows them to build packages of audience segments and communicate those segments via programmatic direct deals with advertisers," says Pannu. "In turn, this empowers marketers to reach the right audiences, resulting in better user experiences. All the while, quality is at the forefront of their relationship with supply sources. "We have built solutions that benefit publishers, marketers and, ultimately, their audiences who seek valuable experiences rather than to be targeted. In fact," adds Pannu, "we embrace the new era of user privacy. It allows our publisher-focused platform [SPX] to demonstrate how to solve complexity with simplicity from a programmatic-ready ad server built for display, native and video." Smaato's Digital Ad Tech Platform is the only omnichannel ad server and monetization solution with controls to make monetization simple. Publishers bring their first-party data and manage display, native and video inventory on one self-serve platform. Marketers access premium publishers and audiences within a publisher's own environment, ensuring the highest-quality inventory. To learn more, visit www.smaato.com. Media Contact InformationCarrie Pittmancarrie.email@example.com
iQIYI Exclusive Drama "My Heroic Husband" Becomes China's First Mega-hit Show of 2021
Second show in iQIYI's history to achieve a content popularity index of 10,000, following Story of Yanxi PalaceBEIJING, Feb. 24, 2021 /PRNewswire/ -- iQIYI Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, is pleased to announce that its exclusive historical comedy series My Heroic Husband has received widespread popularity and acclaim, achieving a content popularity index of 10,000 and making it China's first mega-hit show in 2021. It is only the second series to achieve a popularity index of over 10,000 following Story of Yanxi Palace in 2018. iQIYI Exclusive Drama “My Heroic Husband” Becomes China’s First Mega-hit Show of 2021 Rather than simply counting views to gauge content popularity, iQIYI uses a proprietary index system that draws on a range of user behavior data such as interaction and shares on social media. By gathering and analyzing a significant amount of data, iQIYI's content popularity index can assess user feedback and thus serves as an important indicator of content quality and popularity. Featuring timely and important themes such as gender equality and freedom, My Heroic Husband tells the story of a modern businessman who travels back in time and ends up in the body of a man about to be married into a family of merchants. By revealing the stereotypes that exist in contemporary society, the show has struck a chord among viewers and triggered heated discussion, continuously breaking the popularity index records and becoming China's biggest hit of 2021 so far. My Heroic Husband has set new records for its popularity at iQIYI and maintained the top position on Enlightent, Maoyan, Lighthouse, Guduodata, Vlinkage, and other major media lists. Following the show's rise in popularity, the hashtags #MyHeroicHusband and #TVdramaMyHeroicHusband have garnered 2.12 billion and 1.13 billion views respectively. In addition, topics related to the show have been among the top 230 most-searched terms. To satiate viewers who are clamoring for the latest episodes, iQIYI has announced that from February 24, two episodes will be released at 8pm China standard time each day from Sunday to Wednesday, with VIP members enjoying the benefit of being able to first view six episodes. In recent years iQIYI has produced and released many quality dramas with various themes that have met the diversified demands of users while communicating positive values on thought-provoking, realistic topics. For example, Story of Yanxi Palace won the hearts of global viewers with its innovative plot, interesting characters, well-designed content, and display of traditional Chinese culture. Since its release in 2018, the drama has reached audiences across 80-plus countries and regions. It was covered by over 100 global mainstream media agencies and made it to the top of Google's global hot TV series list in 2018. Following this, The Thunder, Go GoSquid!, and other dramas were released to widespread public and critical acclaim, topping national popularity charts. Meanwhile, The Bad Kids, The Long Night, and other dramas in the "Mist Theater" series have maintained sustained popularity at home while also successfully released to overseas markets. This run of hit shows is further validation of the Company's strong dedication to producing world-class content that promotes cultural exchange and bolsters confidence in the rise of China's entertainment industry. Chief Content Officer at iQIYI Wang Xiaohui said that My Heroic Husband is the latest in a long line of phenomenal hits released by the Company. "We are glad that our commitment to creating quality and diversified content has been recognized by viewers. That is the key force driving us to produce successful original content, and also the force behind the overall development of China's entertainment offerings. Going forward, we remain committed to producing high-quality content. By doing so we can show global audiences that China's entertainment industry is capable of producing world-class content while also serving as a role model for the domestic production of movies and series."
Elston Materials Evolves its Construction Supply Chain in response to Covid-19 With HokuApps
HokuApps Transforms Elston's Essential Business Operations to Enable Online Ordering, Contactless Delivery, and More.CHICAGO, Feb. 24, 2021 /PRNewswire/ -- For more than 45 years, Chicago-based, Elston Materials, has been a leading supplier of concrete and other masonry products. Like many family-owned businesses, they adhered to their tradition of personal, face-to-face service. But when Covid hit the economy, in-person ordering and pick up was no longer an option. However, by partnering with HokuApps, a global player in next-generation digital transformation services, Elston Materials chose to embrace enterprise mobility in response to Covid-19. Replacing their older system with a modern, agile mobile platform has allowed them to keep their operations running despite pandemic limitations. Working with HokuApps, Elston Materials has been able to automate its business through a robust e-commerce application that successfully enabled contactless deliveries and minimized physical interaction. The app allows customers to select from a wide range of building materials and ready-mix supplies and easily place orders with Elston Materials. The company can cater to both credit and non-credit customers, who can pay either upon the order or through a monthly or quarterly billing cycle for regular clients. In addition to being a powerful tool for its customers, the HokuApps-designed solution has made the delivery of materials much more efficient. That app provides order details, navigational assistance, real-time driver geo-tracking, and delivery confirmations along with client feedback. "The mobile app created by HokuApps met and exceeded our expectations," said Alex Puig, CEO of Elston Materials, LLC. "They helped us get through the transition to an all-digital system, which has greatly improved accuracy of our records, as well as saved valuable time and money for our staff. Our customers love the ability to order directly through their mobile phone, sometimes directly from a job site, and to know that the supplies they need for a critical project will arrive quickly." "It's one of our great pleasures to bring independent legacy businesses like Elston Materials into the digital age," said Nand Kapoor, Director of HokuApps. "Our experience in working with hundreds of companies worldwide has led us to anticipate any potential problems and has given us insight into what works and what does not. We can make the sometimes overwhelming transformation to a digital business as smooth as possible." About HokuApps HokuApps is the fast-growing rapid application development platform that empowers organizations to develop innovative technology solutions incredibly fast. With a cutting-edge automated development engine, HokuApps can build custom solutions for any part and any size of the business 10X faster and at a fraction of cost. This technology platform has enhanced mobile and data integration capabilities to enable companies to speedily deploy mobile and web applications. HokuApps empowers organizations to usher in their digital transformation journey to better engage with customers, partners, and employees. Related Links :https://www.hokuapps.com/
Trend Micro updated its blog saying vulnerabilities discovered in SHAREit have been fixed
SINGAPORE, Feb. 24, 2021 /PRNewswire/ -- SHAREit today issued a statement regarding Trend Micro's updates on its earlier reports, which says they have acknowledged that the vulnerabilities discovered earlier in the SHAREit app have been fixed. The report had pointed out potential security vulnerabilities in the SHAREit app earlier. SHAREit became aware of it and responded promptly to investigate the report. After that, SHAREit released a patch to address the alleged vulnerabilities. The company is pleased to share that after conducting relevant checks, the Trend Micro research team has acknowledged and confirmed the safety of the SHAREit app in their blog and advised users to download the latest version of the app available in the Google Play Store. Please find the updated article here. As a leading file sharing, content streaming and gaming platform, the company always been committed to protecting users' security and privacy to the highest standard while continuously adapting and updating the SHAREit app to meet potential security threats. SHAREit is fully committed to complying with all applicable laws and regulations in the countries and regions it operates in, while moving forward with the vision to democratize digital content globally and make it easily accessible by everyone. SHAREit About SHAREit SHAREit is one of the world's largest offline and online platforms that provides file sharing, content streaming and gaming services. It has a strong market presence in South Asia, South East Asia, Middle East and Africa. SHAREit was recognized as the fastest growing media publisher globally for H1'2020 by AppsFlyer and also as the 2nd Top SEA Headquartered Media Publisher worldwide by downloads in 2020 by App Annie. The app is owned by Smart Media4U Technology Pte. Ltd. headquartered in Singapore.
After Hardware Shipments Drop 28% in 2020, Automakers Look to Niche Applications for the Aftermarket's Lifeline
LONDON, Feb. 24, 2021 /PRNewswire/ -- Sales and revenues in the aftermarket for automotive applications have been threatened by almost ubiquitous OEM embedded systems, free smartphone applications that replace automotive hardware (e.g., Waze), and inadequate retail strategies. After a drop of 28% in 2020, fostered by the COVIID-19 pandemic, aftermarket hardware shipments will grow by only 12% until 2026, finds global tech market advisory firm ABI Research. "The aftermarket landscape is undergoing a transformation. Multi-application devices struggle to deliver value to the consumer and are dying out, giving place to low cost dedicated hardware that fulfills niche customer requirements not addressed by OEM embedded systems or smartphones. Naturally, niche applications have a lower market opportunity. Thus, the aftermarket will experience market shrinking in the coming years, with more favorable circumstances in emerging economies," explains Maire Bezerra, Smart Mobility & Automotive Research Analyst at ABI Research. "With the dire projections, a portion of the market will stop shipping hardware to become Telematics Service Providers (TSPs) instead, specializing in data crowdsourcing and selling data to B2B players via data marketplaces, especially in Europe with the Extended Vehicle Concept." Stolen vehicle tracking solutions, which accounted for 51% of aftermarket connections in 2020, vary from vehicle recovery related services only, coupled with other telematics services, or associated with an insurance policy. They have the highest adoption among all aftermarket connected car applications and are perfectly suited for countries with a unique combination of a growing economy and high theft rates, such as Brazil. The application is expected to reach 88 million subscriptions by 2026. Consumer infotainment devices accounted for 32% of all aftermarket subscriptions and all aftermarket shipments in 2020. Unlike UBI and stolen vehicle trackers, these solutions are mostly sold via MNOs channels, such as AT&T, T-Mobile, and Verizon, and are easier to sell as they can be integrated into existing clients' data plans for a small monthly added cost. Nevertheless, shipments are in decline due to the increase in smartphone apps and embedded systems. Insurance telematics made 17% of all aftermarket connected vehicle subscriptions in 2020, with a flat growth from 2019. A timid and steady rise will perpetuate in the next years because the UBI segment is yet to achieve maturity. While TSPs such as Octo Telematics and IMS use their data analytics expertise to offer insurers tools to improve driver behavior, insurers' business models lack the required level of customer engagement to secure customer loyalty, resulting in unsatisfactory ROI. Despite the challenges, there are opportunities in the aftermarket, especially concerning data monetization. There is a consensus that valuable driving and driver data generated from diverse data collection methods are not being used to its full potential to generate new revenue streams. Apart from notable examples such as Arity, most TSPs and insurers are still very traditional and lack the marketing approach required to create solid business models. "The transformation of the data collected into actionable knowledge that delivers value to the final consumer or increases profit, such as accurate customer churn prediction or data-driving cross-selling, is the main industry challenge. Moreover, dedicated solutions for underserved players in the value chain, such as keyless services for dealers that enable contactless test drives of vehicles pre-selected online, are a profit-making opportunity," Bezzera concludes. (Sample: These findings are from ABI Research's Automotive Aftermarket Technologies and Business Models application analysis report. This report is part of the company's Smart Mobility & Automotive research service, which includes research, data, and analyst insights. Based on extensive primary interviews, Application Analysis reports present in-depth analysis on key market trends and factors for a specific technology. About ABI Research ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com. Contact Info: Global Deborah Petrara Tel: +1.516.624.2558 firstname.lastname@example.org Logo - https://mma.prnasia.com/media2/276887/abi_research_logo.jpg?p=medium600 Related Links :http://www.abiresearch.com
Bambuser AB Publishes Year-End Report for 2020
Accelerating global demand drives +1,403 percent net sales growth in Q4 while ongoing commitment to platform development yields new products & capabilities.STOCKHOLM, Feb. 24, 2021 /PRNewswire/ -- Bambuser today publishes its Year-End Report for 2020, which reveals a significant increase in net sales as demand for the Company's Live Video Shopping technology continues to grow. The report, which can be found at bambuser.com/ir, provides details of the Company's financial performance throughout 2020. Additionally, it outlines key developments during Q4 2020, with updates on enterprise customer acquisition and retention, further platform development and ongoing strategic growth initiatives. Highlights include: Customer Updates Number of active customers increased 105 percent from Q3 to Q4. Beauty, fashion and luxury lead growth, with new customers including adidas, Esprit, Veepee and FARFETCH as well as expansions of previously-announced deals with Clarins, Tommy Hilfiger and ETAM. Home and food/beverage emerge as strong categories with customers like Cervera, Mixtiles and Your Superfoods. Creative implementations such as Svenskt Tenn's immersive holiday experience, Kjell & Company's Black Friday marathon and the Klarna/NA-KD Livestyle series demonstrate platform flexibility while driving impressive results. Platform Development Technology integrations with leaders such as Shopify & Salesforce grow white-label opportunities. New platform capabilities like Dual Hosting, ADA compliance and external camera compatibility increase usability across an array of demanding customer scenarios. Added functions such as Floating Action Button Previews and sharing from timestamp or prescreen increase ability to drive awareness and catalyze social engagement. Financial Performance Full year 2020 (January - December 2020) Net sales showed strong growth, reaching SEK 31.1 million (3.2) through December, an increase of 872 percent YoY. Total income: SEK 42.4 million (4.4). EBIT: SEK -63.7 million (-19.9) Net income: SEK -63.8 million (-19.6). Earnings per share: -0.39 SEK (-0.29) Cash flow from operating activities: SEK -35.5 million (-17.7). Cash at the end of the period: SEK 317.8 million (15.6). Fourth quarter of 2020 (October - December 2020) Net sales growth accelerated in Q4, reaching SEK 13.8 million (0.9), an increase of +1,403 percent YoY. One-time purchase agreement with First Bank of 4.0 million classified as other operating income. In Q4, Live Video Shopping drove 95 percent of Bambuser's net sales, and this proportion continues to climb each month. Total income: SEK 20.6 million (1.5). EBIT: SEK -41.6 million (-5.9). End of Period MRR: SEK 4.0 million. Net income: SEK -41.6 million (-5.5). Earnings per share of -0.25 SEK (-0.09). For environmental and cost reasons, Bambuser AB has decided not to print the report. A printout may be distributed to shareholders upon request. This disclosure contains information that Bambuser is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on February 24, 2021, 07:00 CET. Contact information Maryam Ghahremani, CEO | +46 8 400 160 02 | email@example.com or visit bambuser.com/ir Certified Adviser Erik Penser Bank AB | +46 8 463 83 00 | firstname.lastname@example.org About Bambuser AB Bambuser is a software company specializing in interactive live video streaming. The Company's primary product, Live Video Shopping, is a cloud-based software solution that is used by customers such as global e-commerce and retail businesses to host live shopping experiences on websites, mobile apps and social media. Bambuser was founded in 2007 and has its headquarters in Stockholm. This information was brought to you by Cision http://news.cision.com https://news.cision.com/bambuser/r/bambuser-ab-publishes-year-end-report-for-2020,c3294468 The following files are available for download: https://mb.cision.com/Main/15749/3294468/1377899.pdf Press Release https://mb.cision.com/Public/15749/3294468/98f2d00b1409a976.pdf Bambuser Year-End-Report 2020
CNN Film School launches to celebrate the art of filmmaking and support the talent of the future, in association with Genesis
HONG KONG, Feb. 24, 2021 /PRNewswire/ -- This week sees the launch of a new series and initiative from CNN that shines a spotlight on the art of visual storytelling and, in the process, supports up and coming talented filmmakers. CNN Film School launches to celebrate the art of filmmaking and support the talent of the future, in association with Genesis CNN Film School is an editorial global cross-platform initiative supported by luxury automotive brand Genesis in an advertising and sponsorship partnership established by CNN International Commercial (CNNIC). At the heart of CNN Film School is a new digital series of videos and articles about the art of filmmaking. The series will speak with leading directors, journalists, technicians and talent in the film and television industry about what it takes to create outstanding stories through video. Throughout this year, content will be published on a dedicated CNN Film School digital hub covering the essential elements and technical topics that enable visual storytelling. Including masterclass videos from notable filmmakers, the aim of the series is to show the magic of filmmaking and inspire and educate the next generation of storytellers across the globe. In this spirit, CNN Film School will include a student fellowship programme where four university students from South Korea and the U.S. will have an opportunity to develop their own micro-documentaries. Each student will receive a US$15,000 grant for their film productions as well as professional mentorship and project oversight by the CNN team working on this project to turn their creative dreams into realities. Their final productions will be uploaded onto the CNN Film School website and a screening event for the fellows will also take place later this year to showcase their passion projects. In addition to sponsoring the CNN Film School series and fellowship, the commercial partnership with Genesis includes the production of three branded content films by CNNIC's global brand studio Create. These films will invite audiences to join artists on their creative process, starting in March with a film featuring Jinnie Seo, an installation artist from South Korea, looking at how she derives inspiration from nature, traditional Korean culture and her own memories. "It is always a privilege to make great things with partners that share the same values and beliefs. We are delighted to collaborate with our long-standing partner Genesis again to inspire young filmmakers and contribute to the future of the industry. The aim of CNN Film School, the student fellowship and the branded content films is to reveal and celebrate the artistry behind the power of video storytelling and remarkable stories," said Rob Bradley, Senior Vice President, CNN International Commercial. "It is a great pleasure for Genesis to have an opportunity to collaborate with CNN. Through our partnership, we believe that our shared values and beliefs toward the young generation especially in the film industry and art will be effectively delivered. We hope our support of the film school videos, fellowship student program, and branded content films will lead young filmmakers to have an inspiration of their future work," said Ina Lee, Vice President, Genesis Global Customer Experience Group. About CNN International Commercial CNN International Commercial (CNNIC) is responsible for the business operations of CNN's properties outside of the United States. All commercial activities for brands such as CNN International, CNN en Español, CNN Arabic, CNN Style and CNN Business are aligned within the division. This encompasses the advertising sales, sponsorship partnerships, commercial content development, content sales, brand licensing, distribution and out-of-home operations, business development and marketing for the world's leading international news provider. CNNIC is a recognised industry leader in international advertising sales and its use of award-winning commercial content, produced through its Create unit and driven by its advanced data usage and digital capabilities, has resulted in strong and enduring partnerships with many of the world's most recognised brands. Its Content Sales and Licensing unit has relationships with more than 1,000 affiliates ranging from licensing the CNN brand through to content supply contracts as well as offering consultancy services. CNNIC has offices across the world, with key hubs in London, Hong Kong and Miami. For more information visit http://commercial.cnn.com About Genesis Genesis is a global luxury automotive brand that delivers the highest standards of performance, design, safety, and innovation. Embodying its unique design language "Athletic Elegance," Genesis offers a range of models including the G70 sport sedan, G80 executive sedan, the flagship G90 sedan, the GV80 sport utility vehicle and plans to add more to its lineup. The Genesis brand is one of the highest-ranked brands in the automotive industry by respected, third-party experts including North American Car of the Year, Consumer Reports and J.D. Power and more. For more information on Genesis and its new definition of luxury, please visit https://www.genesis.com
Huawei opens the first DIGIX Lab in Asia Pacific to empower developers to build a digital future
SINGAPORE, Feb. 24, 2021 /PRNewswire/ -- Huawei Mobile Services (HMS) today announced the opening of DIGIX Lab in Singapore, its first in the Asia Pacific region to serve as an innovation hub for mobile app developers in the region to drive idea exchange, business growth and collaboration. Equipped with AR, VR, AI, HMS Core kits and other open technological capabilities, the Lab offers a space for developers to connect and experience the full range of HMS developer resources. The DIGIX Lab services can also be accessed online, allowing developers across the region to make use of the resources virtually. "In the era of 5G, HMS aims to build a '1+8+N' all-scenario mobile ecosystem and empower developers and partners in the region to innovate and build a digital future. The new DIGIX Lab serves as an all-encompassing innovation hub to give developers the boost they need to succeed. Huawei will continue to strengthen our collaboration with partners and institutions in the community and cultivate a resilient, evolving pool of tech talents in the Asia Pacific region" said Shane Shan, Director of Asia Pacific Huawei Consumer Cloud Service. Under the "1+8+N" Seamless AI Life strategy, the smartphone serves as One (1) centre, and Huawei's ecosystem partners connect across Eight (8) supporting Huawei devices to create a fully connected IoT environment consisting of Endless (N) services. HMS supports this strategy by bridging innovative mobile apps and IoT products through Huawei's hardware and software capabilities. Together with Huawei's AI-powered system and cloud computing solution, it ultimately establishes an all scenario AI living for Huawei end users. Connect, Communicate, and Collaborate at Huawei DIGIX Lab DIGIX Lab is divided into three main zones where developers, partners and tech enthusiasts can connect, communicate and collaborate within the community: Experience zone: An area for visitors to experience Huawei's "1+8+N" all-scenario ecosystem. This area displays the latest smartphone models, and eight different types of Huawei devices including tablets, PCs, smart wearables and VR smart glasses. In addition, third party IoT home products supported by HUAWEI HiLink are also exhibited here. Engage zone: A multipurpose zone with a collaborative area and training rooms to support community building. Developer programmes such as trainings, workshops, industry and networking events will be held in this area. Meanwhile, tech enthusiasts or individual developers can also book the space to host community events related to mobile app development. Enable zone: This zone consists of three meeting rooms where developers who are facing challenges while developing an app can meet with Huawei engineers or business teams to get hands-on support. Four debug terminals are also available at the lab to support developers with the resource requirement. Visitors from all around the region can tour the DIGIX Lab virtually via https://developer.huawei.com/consumer/en/DIGIXLab-Offline?page=0. Besides walking through the space digitally, online visitors can learn about HMS' latest developer resources and offerings, join Huawei's Developer Programs and webinars and get connected to technical support. Additionally, developers can access featured remote services such as Cloud Debugging and Cloud Testing, allowing them to debug and test run apps remotely on any of the latest Huawei devices, including the popular HUAWEI P Series and HUAWEI Mate Series. Fuelling developer innovations through Huawei Mobile Services Ecosystem The opening of DIGIX Lab complements other tools and programmes available to developers in the region to fuel innovation through the HMS ecosystem. HMS recently launched HUAWEI Developers app, an official open platform for Huawei developers to manage their apps backend system, access the latest developer activities and receive event notifications on the go. Additionally, HMS will introduce three developer community programmes in APAC this year, including the HUAWEI Student Developers (HSD), the HUAWEI Developer Groups (HDG) and the HUAWEI Developer Experts (HDE) to help developers of all levels grow with the HMS ecosystem. Developers in APAC will also be able to sign up for training courses to learn how to deploy HMS development tools into their apps and receive the "Huawei Developer Certification" upon course completion. Adding value to app owners and developers with HMS The HMS ecosystem has achieved rapid growth globally and it is now the top three largest mobile ecosystem in the world with over 700 million global users. As of the end of 2020, there are over 2.3 million HUAWEI Developers registered – a 77% increase over one year. App owners who wish to integrate their apps into the HMS ecosystem, will be able to reach out to HMS' strong user base through its hybrid, multi distribution platforms, such as HUAWEI AppGallery, HUAWEI Browser and Petal Search. The latest version of HMS Core 5.0, which consists of 56 open capabilities and 12,981 APIs, provides comprehensive functions to support developers to integrate apps easily. Besides, developers can also access to HMS local technical teams to seek assistance during the process. Moving forward, HMS will continue its investment in the technological capabilities and provide localised operational support to developers to foster mobile innovation in an evolving landscape.