GreenTree Hospitality Group Ltd. Reports First Quarter 2021 Financial Results
InvestChile's Portfolio of Projects Grew by 28% in the First Half of 2021
New Venture Capital Fund Based in New Zealand Launched by Successful U.S. Tech Executive
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Eccogene Announces Completed First-in-human of ECC0509 in Phase 1a Clinical Trial in Australia
Ping An Launches Pilot of Digital RMB Insurance Policies with Bank of China in Shenzhen
Cloopen Group Holding Limited to Report Second Quarter 2021 Financial Results on August 11, 2021 Eastern Time
The Infinity Group: Alternative Financing Options Spark Opportunities for African Businesses
TrueGreen secures $110m in new funding to advance Nexport Mobility Group to deliver electric vehicle advanced manufacturing for NSW
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A Smooth Home Journey to Myra Alam
Myra partners with Maybank Islamic HouzKEY to make homeownership dreams come true.KUALA LUMPUR, Malaysia, July 28, 2021 /PRNewswire/ -- True or true, nobody likes to go through the tedious process of purchasing a home. Luckily for Myra Alam's potential homeowners, they're now given the chance to realise their homeownership dream without the hassle through the company's partnership with Maybank Islamic's homeownership financing solution, HouzKEY. Myra Alam’s third phase Type F HouzKEY intends to help first and second homebuyers to enter the exciting world of homeownership with ease. It offers many financial benefits for those looking to settle down in their dream home by assisting potential homeowners that ensures a smoother homebuying process. New homebuyers can also take advantage of incentives such as the Home Ownership Campaign (HOC), which runs until 31 December 2021, MOT, SPA, and discounts for eligible Bumiputera homebuyers. To top this off, Myra complements these exciting benefits with its properties that are built with premium quality, location, and uniqueness in mind. With the help of HouzKEY and government initiatives, the time has come for Myra Alam fans to take the first steps toward owning a premium, well-designed home in the township. With that in mind, Myra Alam is introducing the launch of its third phase – the Type F and Type D units. Phase 3's Type D units offer homeowners an extra built-up of 2,294 sqft for intermediate and end lots, and 2,396 sqft for corner lots built on land starting from 22' x 70', with the option of having more indoor and outdoor space. With 16 units, these homes are available for aspiring homeowners from RM569,000. Type F on the other hand comes with a built-up measuring 2,002 sqft for intermediate and end lots and 2,104 sqft corner lots. Each of the 49 units comes with a smaller land size starting from 20' x 70', which includes 4 bedrooms en-suite bathrooms, functional indoor space and a bigger guest bedroom - all starting from a fair price of RM554,000. This new development will give homeowners the prospect of personalizing their home as it was built upon the idea of flexibility to convert extra space into additional rooms while also emphasising green living. All in all, Puncak Alam is a growing township with room for further development together with great accessibility to LATAR and Dash Highway. Residents from Myra Alam can expect new shoplots, schools, and hospitals to be built in the area.
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Crown Group on the Hunt for New Development Sites
Leading luxury apartment developer open to joint venture collaborationsSYDNEY, July 28, 2021 /PRNewswire/ -- Leading international property developer, Crown Group is planning to build up its apartment development pipeline over the next five to ten years as it remains cautiously optimistic of Australia's economic recovery and the health of the apartment property market. Crown Group Chairman and Group CEO Iwan Sunito says the Group will be expanding in Sydney and are looking at opportunities in Melbourne and Brisbane. "We do have sufficient projects in our book currently however we do want to start preparing for the next five years," Mr Sunito said. "The market is more realistic than three to five years ago as foreign groups and state-owned enterprises have left the market. "The market contracted due to the Government's policy on foreign buyers having to pay double the stamp duty as well as difficulty in finding access to funding. "Covid-19 and the shutdown of the international border also dramatically impacted Australia's residential apartment market, where foreign buyers used to make up at least 50 per cent of purchasers," he noted. "While the international border remains closed, growth will be hampered significantly. This is why we're now looking at development deals, he said. "We know that owners of development sites are becoming more realistic in their price expectations and the terms of their sales arrangements." Build to Rent Mr Sunito said one of the areas the Group wants to diversify into is the build to rent area. "We are looking for strategic locations within close proximity to transport as the key deciding factor on where to purchase. Crown Group's hybrid Build-to-Rent offer, SKYE Suites which combines short and medium term stay accommodation has seen 85 per cent occupancy since opening and generates an income of $1.3 million per month. It currently has three properties located at the Sydney CBD, Green Square and Parramatta. "This shows that the market dynamic is changing," Mr Sunito says. "There's enough local tourists to occupy our hotels. We're not reliant on foreign travellers," he says. Potential collaborations Mr Sunito confirmed he has been in negotiations with a number of groups interested in joint venturing with a trusted partner with a solid track record in development delivery and value enhancing, quality innovative design. Details of new confirmed joint ventures and partners will be announced progressively throughout the next 12 months. "They know that Crown Group has deep capacity and capability in developing high density developments with luxurious, resort-style amenities. They are also highly confident in the future value of their return and the yield on that return is what they are looking to achieve." Cautious and measured optimism Despite the international border remaining closed, Crown Group remains confident in the future based on initiatives such as government stimulus packages such as Jobkeeper which has buoyed Australia's economy. This has also occurred in other major developing countries around the world, Mr Sunito notes, such as in the US, the Biden Government plans to inject $US6 trillion to boost the economy. "Property prices have risen in the US in the last 12 months, which is not dissimilar to Sydney," Mr Sunito noted. "There is such a shortfall of city apartments. The FHB grant really only impacts the house and land market due to the price point. It's barely making an impact in the apartment market as apartments in the inner city are upwards of $1 million." Shortfall of apartments will create a crisis of supply in the inner-city "The city will experience a crisis of supply which will in turn push the price growth even further in inner city apartment developments," Mr Sunito said. Crown Group is approaching this expansion in a cautious and measured way, the Group Chairman and CEO added. "The international border may not be open for several years. We are optimistic but cautiously optimistic in our growth strategy," he said. The company has become globally recognised most recently for its iconic developments, Arc by Crown Group in the heart of Sydney and Infinity by Crown Group at Green Square, both of which have won multiple international design and construction awards. Mr Sunito said we're now looking to create communities which offer the very best of modern apartment living with premium, resort-style amenities, anchored by modern shopping and retail precincts and vibrant, curated dining and hospitality environments. For further information on the project developer Crown Group, visit https://www.crowngroup.com.au/
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IMAX China Reports Half-Year 2021 Financial Results
GREATER CHINA HIGHLIGHTS (Note: Percentage and other changes refer to first-half 2020 unless otherwise noted) A profitability turnaround to US$21.3 million adjusted net profit, compared to US$15.5 million net loss in prior year period. IMAX China delivered a strong revenue rebound to US$53.4 million for the first half of 2021, up from US$6.7 million a year ago, including technology sales and maintenance revenue of US$31.7 million, 25% higher than that of first-half 2019. The IMAX China network reached 759 systems as of June 30, 2021. Including 237 in the backlog, Greater China contracted network reached close to a 1,000-theater milestone. Approval of an interim dividend of approximately US$9.7 million (US$0.028 per share), up from US$7 million historically on an increased payout ratio of 50%. SHANGHAI, July 28, 2021 /PRNewswire/ -- IMAX China Holding, Inc. ("IMAX China" or the "Company", HKSE: 1970) today reported half-year 2021 Greater China revenue of US$53.4 million, up from US$6.7 million a year ago, driven by strong year-over-year recovery in box office and increased installation activities. Adjusted net profit reached US$21.3 million, compared to US$15.5 million net loss in first-half 2020. For adjustments to profit (loss) for the period and a full detail of financial results, please refer to the interim results announcement posted with the Hong Kong Stock Exchange or on the Investor Relations section of the IMAX China web site (http://www.imax.cn/investor). "Our strong first-half revenue and earnings rebound to levels approaching that of 2019 underscores the rising value of IMAX to Chinese consumers, filmmakers and exhibitors," said Richard L. Gelfond, Chairman of IMAX China. "A year into reopening, we are pleased to see the accelerating shift to theatrical blockbusters and increasing involvement of IMAX DNA in content production has further strengthened IMAX China's positioning in the post-pandemic entertainment ecosystem. Our record local language box office demonstrates our opportunity to gain further market share as local content gravitates towards high production value genres. We look forward to building on the momentum as we capitalize on a strong pipeline of blockbusters, both Hollywood and local language, for the rest of the year and into 2022," said Mr. Gelfond. "We started off 2021 on a strong note with record-breaking New Year's Day and Chinese New Year opening weekend box office, continued network growth and expansion in new theater signings," said Edwin Tan, CEO of IMAX China. "IMAX China has become the go-to entertainment choice as consumers increasingly seek for premium experience and exhibitors look to differentiate their offerings. Our growing indexing across both Hollywood and local language blockbusters gives us greater confidence in our continued market share gain as major Hollywood tentpoles return to theaters starting second-half of the year." IMAX China Dividend IMAX China today announced that its Board of Directors approved the payment of an interim cash dividend of US$0.028 per share, or approximately US$9.7 million in total, based on the total number of shares in issue as of June 30, 2021. The dividend payment is based on an increased payout ratio of 50% of net income from 2021 onwards, up from 33% during the pre-COVID years of 2017 to 2019. Network Update The Company delivered further network expansion with a total of 759 systems in the IMAX® theatre network in Greater China as of June 30, 2021, of which 384 operate under full revenue sharing arrangements, 108 under hybrid revenue sharing arrangements and 267 operate under sales arrangements. The Company installed 23 new and upgraded theater systems during first-half 2021, compared to 3 installations in first-half 2020. The Company signed agreements for 12 theater systems during first-half 2021, bringing total backlog to 237 systems as of June 30, 2021. Signings were headlined by a four Laser theater deal with Broadway across iconic commercial locations in Shanghai. Greater China Key Metrics Six months ended Jun 30, 2021 2020 Greater China Signings Sales 5 12 Revenue Share 3 0 IMAX with Laser Upgrade 0 10 Sales renewals 4 0 Total 12 22 Greater China Theatre Installations Sales 10 1 Revenue Share 12 2 IMAX with Laser Upgrade 1 0 Total 23 3 Greater China Network Commercial Multiplex 743 699 Institutional 16 15 Total 759 714 Greater China Backlog 237 271 IMAX Greater China Box Office US$132.8 million US$7.4 million Film Count Mainland China 15 0 HK/ Taiwan Only 3 8 Total 18 8 Sale of Investment In February 2021, the Company sold its 7,949,000 shares of Maoyan for a net gain of US$2.7 million. The gain was transferred from other comprehensive income to retained earnings upon disposal and as a result, the gain was not included in the Company's adjusted net profit for the first half of 2021. Conference Call The Company will host a conference call today at 8:00 AM Hong Kong Time to discuss its half-year 2021 financial results. To access the call via telephone, interested parties in the US and Canada should dial (866) 548-4713 approximately 5 to 10 minutes before the call begins. Hong Kong callers should dial 800-961-105/ 852-3008-1527 and other international callers should dial (647) 484-0477. The conference ID for the call is 4804674. A replay of the call will be available via webcast at www.imax.cn/investor/l-en or via telephone by dialing (888) 203-1112 (US and Canada), or (647) 436-0148 (international), or 800-901-108 (Hong Kong). The Conference ID for the telephone replay is 4804674. About IMAX China IMAX China is a subsidiary of IMAX Corporation, and was incorporated as a limited liability company under the laws of Cayman Islands. IMAX China was established by IMAX Corporation specifically to oversee the expansion of IMAX's business throughout Greater China. Shares of IMAX China trade on the Hong Kong Stock Exchange under the stock code "1970." About IMAX Corporation IMAX Corporation, an innovator in entertainment technology, combines proprietary software, architecture and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX theatres to connect with audiences in extraordinary ways, and, as such, IMAX's network is among the most important and successful theatrical distribution platforms for major event films around the globe. IMAX Corporation is headquartered in New York, Toronto and Los Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of June 30, 2021, there were 1,654 IMAX Theater Systems operating in 85 countries and territories, including 1,569 commercial multiplexes, 12 commercial destinations and 73 institutional locations. On October 8, 2015, shares of IMAX China, a subsidiary of IMAX Corporation, began trading on the Hong Kong Stock Exchange under the stock code "1970". IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D Experience®, The IMAX Experience®, IMAX Is Believing® and IMAX nXos® are trademarks of IMAX Corporation. More information about IMAX Corporation can be found at www.imax.com. You may also connect with IMAX on Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube (www.youtube.com/imaxmovies). This press release contains forward looking statements that are based on IMAX Corporation and IMAX China management's assumptions and existing information and involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such forward looking statements. Important factors that could affect these statements include, but are not limited to, references to future capital expenditures (including the amount and nature thereof), business and technology strategies and measures to implement strategies, competitive strengths, goals, expansion and growth of business, operations and technology, plans and references to the future success of IMAX Corporation, IMAX China or any other consolidated subsidiaries of IMAX Corporation (each, a "Group Member", and collectively, "IMAX Group") and expectations regarding the future operating, financial or technological results of any Group Member. These forward-looking statements are based on certain assumptions and analyses made by the IMAX Group in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. However, whether actual results and developments will conform with the expectations and predictions of any Group Member is subject to a number of risks and uncertainties, including, but not limited to, risks associated with investments and operations in foreign jurisdictions and any future international expansion, including those related to economic, political and regulatory policies of local governments and laws and policies of the United States and Canada; risks related to IMAX Group's growth and operations in China; the performance of IMAX DMR films; the signing of theater system agreements; conditions, changes and developments in the commercial exhibition industry; risks related to currency fluctuations; the potential impact of increased competition in the markets within which any Group Member operates; competitive actions by other companies; the failure to respond to change and advancements in digital technology; one Group Member's largest customer accounting for a significant portion of its revenue and backlog; risks related to new business initiatives; conditions in the in-home and out-of-home entertainment industries; the opportunities (or lack thereof) that may be presented to and pursued by a Group Member; risks related to cyber-security; risks related to any Group Member's inability to protect its intellectual property; general economic, market or business conditions; the failure to convert theater system backlog into revenue; changes in laws or regulations; the failure to fully realize the projected cost savings and benefits from any Group Member's restructuring initiative; and other factors, many of which are beyond the control of any Group Member. These factors, other risks and uncertainties and financial details are discussed in IMAX Corporation's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Related Links :http://www.imax.com
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Noah Holdings Limited Announces US$10 Million Strategic Investment in iCapital Network®
SHANGHAI, July 28, 2021 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH), a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors, today announced that it has made a US$10 million strategic equity investment in US-based iCapital Network[1] ("iCapital"), the leading global financial technology platform driving access to and efficiency in alternative investment for the asset and wealth management industries. This round of financing for iCapital was led by Temasek. "We are pleased to form a strategic partnership with iCapital," commented Ms. Jingbo Wang, co-founder, CEO and Chairwoman of Noah, "iCapital hosts top-tier overseas private equity and hedge fund products on its platform, and their operational model is highly synergetic with Noah's online, digital, and intelligent transformation strategy. Through our partnership, we expect to offer more high-quality global private equity and hedge fund products for our clients, and expand the international distribution channel for Gopher Asset Management, further strengthening Noah's competitive advantage in product diversity and our International presence. We are committed to increasing shareholder value by making synergetic investments and forming strategic partnerships. We are very happy to establish a cooperation with iCapital to drive the continuous development of Noah's overseas business." ABOUT NOAH HOLDINGS LIMITED Noah Holdings Limited (NYSE: NOAH, BBB-) is a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors. In the first quarter of 2021, Noah distributed RMB27.1 billion (US$4.1 billion) of investment products. Through Gopher Asset Management, Noah had assets under management of RMB154.1 billion (US$23.5 billion) as of March 31, 2021. Noah's wealth management business primarily distributes private equity, public securities and insurance products denominated in RMB and other currencies. Noah delivers customized financial solutions to clients through a network of 1,246 relationship managers across 82 cities in mainland China, and serves the international investment needs of its clients through offices in Hong Kong, Taiwan, United States, Canada and Singapore. The Company's wealth management business had 384,021 registered clients as of March 31, 2021. As a leading alternative multi-asset manager in China, Gopher Asset Management manages private equity, real estate, public securities, credit and multi-strategy investments denominated in Renminbi and other currencies. For more information, please visit Noah at ir.noahgroup.com. SAFE HARBOR STATEMENTS 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," "confident" and similar statements. Among other things, the outlook for 2021 and quotations from management in this announcement, as well as Noah's strategic and operational plans, contain forward-looking statements. Noah may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, 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 Noah's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause Noah's actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: its goals and strategies; its future business development, financial condition and results of operations; the expected growth of the wealth management and asset management market in China and internationally; its expectations regarding demand for and market acceptance of the products it distributes; its expectations regarding keeping and strengthening its relationships with key clients; relevant government policies and regulations relating to its industries; its ability to attract and retain qualified employees; its ability to stay abreast of market trends and technological advances; its plans to invest in research and development to enhance its product choices and service offerings; competition in its industries in China and internationally; general economic and business conditions in China; and its ability to effectively protect its intellectual property rights and not to infringe on the intellectual property rights of others. Further information regarding these and other risks is included in Noah's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 20-F. All information provided in this press release and in the attachments is as of the date of this press release, and Noah does not undertake any obligation to update any such information, including forward-looking statements, as a result of new information, future events or otherwise, except as required under the applicable law. [1] Institutional Capital Network, Inc., and its affiliates (together, "iCapital Network" or "iCapital") Related Links :http://www.noahwm.com
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Tricor Group Signs a Sale and Purchase Agreement to Acquire PT ASA Indonesia Expanding its Portfolio in Payroll, Accounting and Tax with a Stronger In
HONG KONG, July 28, 2021 /PRNewswire/ -- Tricor Group (Tricor), Asia's leading business expansion specialist, has signed a sale and purchase agreement to acquire PT ASA Indonesia. Tricor is the largest provider of corporate services in APAC, serving 50,000+ client entities across its 21-market footprint with a concentrated focus in ASEAN in recent years. A positive move for PT ASA Indonesia, this acquisition will provide local and cross-border clients access to Tricor's global best practices and innovative solutions and service offerings. Founded in 2004, PT ASA Indonesia is a leading corporate services provider offering comprehensive services in payroll, tax, accounting and corporate secretarial functions. The firm primarily assists international companies looking to expand into Indonesia. Of the firm's 200+ clients, 80% are multinational corporations (MNCs) with headquarters that span 10 countries in ASEAN, APAC and around the globe. With Tricor Indonesia operating for over 11 years in Indonesia, this transaction aims to further enhance the firm's presence in the country, strengthen its ability to provide payroll, accounting and tax compliance services to its local and international clients operating in Indonesia and expanding across ASEAN. Lennard Yong, Tricor Group CEO, said: "Rivaled only by China and India, Indonesia is the third-fastest growing economy in the G20 and continues to lure foreign investors and MNCs. Thanks to recent developments, such as the Regional Comprehensive Economic Partnership (RCEP), pan-Asian supply chains continue to pull the economic center of gravity closer toward ASEAN and bolster foreign direct investment (FDI) opportunities throughout the region. The addition of PT ASA Indonesia strengthens our client proposition and will proliferate our marketing-leading corporate service solutions throughout Indonesia, ASEAN and across APAC." Jimmy Budhi, Founder, PT ASA Indonesia, said: "By joining forces with Tricor, we see a clear opportunity to become the market leader in Indonesia's expanding corporate services. Indonesia is among the most desirable markets for foreign trade and investment, especially as it continues to attract inbound investment from neighbouring countries in ASEAN and APAC. This strategic collaboration not only strengthens our abilities to support domestic and foreign clients in navigating the challenging regulatory environment of Indonesia but also deepens our footprint to help MNCs expand globally. By combining PT ASA Indonesia's expertise with Tricor's globally recognized strength in corporate services, our team is well-positioned to be the one-stop service provider for corporate clients locally and throughout the region." For more information, please contact:HONG KONG SAR (GROUP OFFICE)Sunshine FarzanTricor Services LimitedGroup Head of Marketing & CommunicationsTel: (+852) 2980 1261Email: Sunshine.Farzan@hk.tricorglobal.com About Tricor Group Tricor is the leading business expansion specialist in Asia, with global knowledge and local expertise in business, corporate, investor, human resources & payroll, corporate trust & debt services, fund administration and strategic business advisory. Tricor provides the building blocks for, and catalyzes every stage of clients' business growth, from incorporation to IPO. Tricor has had a rapid expansion through organic growth and development as well as partnerships, mergers and acquisitions. The Group today has over 50,000 client entities globally (including 20,000 client entities in Mainland China), a staff strength of over 2,800 and a network of offices in 47 cities across 21 countries / territories. Our client portfolio includes over 1,800 companies listed in Hong Kong SAR and Mainland China, ~600 companies listed in Singapore and Malaysia, and more than 40% of the Fortune Global 500 companies, as well as a significant share of multinationals and private enterprises operating across international markets. In March 2017, Permira became the controlling shareholder of Tricor, alongside management. Visit: www.tricorglobal.com About PT ASA Indonesia ASA is the leading corporate service provider in Indonesia. ASA is currently trusted to handle more than 200 clients from many countries around the world. With over than 30 types of services it offers and well-connected global affiliations across the globe, ASA is considered one of the most complete business services providers in Indonesia. ASA team has a proven track record with certifications which are testament to its management team capability.Related Links :https://www.tricorglobal.com/
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Premia Partners launches Premia China STAR50 ETF at TER of 0.58% p.a. as low-cost tool for opportunities from China's growth in hardcore technolo
HONG KONG, July 28, 2021 /PRNewswire/ -- Premia Partners, a leading ETF provider in Hong Kong, announces today listing of Premia China STAR50 ETF on HKEX. This physically replicated ETF offers the most cost-efficient and convenient access to emerging leaders on STAR Board of the Shanghai Stock Exchange. Premia China STAR50 ETF (Tickers: 3151 HKD / 9151 USD/ 83151 RMB) with total expense ratio (TER) of 0.58% p.a., tracks the SSE Science and Technology Innovation Board 50 Index, covering the 50 largest STAR Board companies by market capitalisation. The strategy captures China's emerging leaders across strategic industries characterized by hardcore technology, high R&D and scientific innovations ranging from semiconductor, new materials, green economy to biotech, biomedical cold chain provider and more. The strategy also provides diversification benefits given low correlation with China ADRs and mainstream global markets. "We are delighted to launch the ETF at this opportune time as investors increasingly become interested in the STAR Board as they broaden China allocation for long term growth opportunities," said Rebecca Chua, Managing Partner of Premia Partners. "Consistent with all Premia ETFs, it is designed as a low-cost and transparent allocation tool for international investors to access STAR Board opportunities, which are not fully accessible through the Stock Connect." "The STAR 50 Index is the first flagship index to capture the most representative stocks and CDR constituents of the STAR Board, with broad representation and distinct innovation industry focus," said Suyuan Lu, General Manager of China Securities Index Company (CSI). "We have maintained very good rapport with Premia Partners through our years of collaboration, and look forward to working more closely together, to assist international investors better access the China opportunities through more relevant and best practice solutions." About Premia Partners Founded in 2016, Premia Partners is one of the leading ETF managers from Hong Kong, dedicated to building low-cost, efficient, best practice ETFs for Asia. As of July 28th 2021, Premia Partners manages 9 ETFs including Premia CSI Caixin China New Economy ETF which is the 4th largest China A-shares ETF in Hong Kong. For more information on Premia ETFs covering China, Emerging ASEAN, Asia Innovative Technology, Vietnam, China high yield bonds, China government bonds and US Treasury, please visit www.premia-partners.com Related Links :http://www.premia-partners.com
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The World's First Social Impact Cryptocurrency ELONGATE Announces Incorporation
BERN, Switzerland, July 28, 2021 /PRNewswire/ -- The social impact cryptocurrency Elongate announces full incorporation in a multi-entity structure. The highly anticipated incorporation of Elongate became official this week as their two newly formed bodies set to launch. In detail, Elongate will form as two legally independent and collaborative entities with the first being the EG Association which will focus on governing social impact activities such as donations, charity events, fundraising, etc. The second entity will be ELONGATE Global which will focus on governing the technology platforms and disruptive technological development. The World’s First Social Impact Cryptocurrency ELONGATE Announces Incorporation. Lorenzo Andree will now take on the role of the President and Founder of the EG Association leading the real-world global social impact work that Elongate has come to be known for. The board of the EG Association will consist of Armin Keyani, Malik Bakrim, Eugeniu Cujba, and additional board members that have yet to be named. Of equal importance, the ELONGATE Global is built upon a leadership board that consists of Hasan Aziz, Rani Barbara, Alexander Gambon, Brian Lobeda, Gene Rhode, and Austin Worrell. The two entities, though legally distinct, will work together with an overall shared vision and mission to create a lasting social impact by continuing to redefine the power of cryptocurrency. Hasan Aziz, who currently leads the overall operations for Elongate, says: "For Elongate, incorporation means that the cryptocurrency is able to achieve its life-changing social impact goals by having a dedicated team of experts from around the world. I am confident that the two entities can effectively work together to shape the future and direction of Elongate. Elongate's Chief Brand Officer Alexander Gambon had this to say, "With the incorporation finally complete, we can accelerate on quite a number of exciting things, especially focused on the token, our community, and our shared mission to create lasting social impact. This is just one massive stepping stone for Elongate!" Visit the Elongate website and learn more about the world's first and biggest charitable cryptocurrency that is transforming the world through social impact: https://www.elongate.cc/. Related Links :https://www.elongate.cc/
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The FTX Foundation Group Launches the FTX Climate Program
FTX Climate program includes carbon neutral initiatives, research funding, special projects, and carbon removal solutions ANTIGUA, July 28, 2021 /PRNewswire/ -- The FTX Foundation Group, a collective group consisting of companies owned by Sam Bankman-Fried and related contributors ("FTX Foundation"), today announced the launch of the FTX Climate program. This global initiative is the first major program launched by the FTX Foundation and is centered around four ambitious goals: 1) meeting FTX Trading Limited's ("FTX") commitment to becoming carbon neutral this year, 2) funding research and policy initiatives that will have an outsized impact on the climate crisis, 3) supporting the growth of carbon removal solutions and 4) funding other climate related special projects. FTX CEO Sam Bankman-Fried commented on today's news, "FTX Climate is an important step for us in leaving the planet in a better place than it is today. We consider ourselves lucky to live in the world as we do, and we feel a responsibility to make sure future generations get to experience it as well. When we announced our commitment to becoming carbon neutral in May, we said we were going to do this right and find a holistic and impactful way to address climate change. This is just the first of many programs we plan to undertake in order to effectively support organizations trying to save our planet." Carbon Neutrality FTX & the FTX Foundation publicly committed to spending a minimum of $1 million this year to offset the environmental impact of cryptocurrency mining and storage. As a result, the FTX Climate program has already purchased over $1 million (or 100,000 tons) in carbon offsets through two organizations, BurnStoves and Pachama: BurnStoves created an inexpensive and environmentally friendly stove for African countries. The sale of 7,000 VER carbon credits will allow BurnStoves to increase scale and reduce the cost of the stoves they produce. Pachama allows corporations to buy forest based carbon offsets from projects around the world. FTX Climate has purchased 93,000 carbon credits to support the Kootznoowoo project in Alaska, Bajo Calima y Bahía Málaga project in Colombia, and the Nicaforest project in Nicaragua. Research & Policy Funding FTX Climate is dedicated to furthering research on how best to solve the climate crisis and how public policy can be shaped to effect change. In support of that, FTX Climate has committed over $500,000 combined to three organizations working on research and policy initiatives relating to climate change: Giving Green, CarbonPlan, and the Good Food Institute. Further information on these organizations and the commitments made to them can be found on the Research & Policy page of the FTX Climate website. Carbon Removal Another key area of focus for FTX Climate will be Carbon Removal, with the program committing $1,000,000 to permanent carbon capture and storage. While there have been great strides made in terms of renewable energy, Carbon Removal looks to mitigate and hopefully reverse the impacts of climate change that we're already seeing by extracting carbon dioxide from the atmosphere and storing it permanently. While no solutions exist currently to conduct carbon removal at a globally relevant scale for a feasible cost, the $1 million committed by the FTX Climate program is being set aside to work with the organizations looking to make this into a globally effective solution. Special Projects As its first special project, FTX Climate has also made a three-year commitment to The Honnold Foundation to install solar panels in the places they are needed the most. This year, FTX has committed $50,000 to help complete the current joint effort between the Honnold Foundation and the Ceibo Alliance with an additional $100,000 per year to be committed in 2022 & 2023 in order to fully fund two new solar panel projects in the Amazon. The FTX Foundation is centered around the FTX team's desire to live in a world where everyone has the same opportunities. With the pledge of one percent of all net fees going towards charitable giving, the FTX Foundation manages and disperses these funds to the most effective organizations around the world. The FTX Foundation has already earmarked more than $10 million for charity this year with more than 3 million dollars already donated to support a variety of charities including those addressing the recent flooding in the Henan Province in China and the oxygen crisis in India. To learn more about the FTX Climate program, please visit: FTX Climate About FTX FTX.COM is a cryptocurrency exchange built by traders, for traders. It offers innovative products, including industry-leading derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens and an OTC desk. FTX.COM strives to be an intuitive yet powerful platform for all kinds of users, and to be the most innovative exchange in the industry. FTX.COM has grown quickly since its founding, becoming one of the most respected cryptocurrency exchanges in the world in less than 2 years. To learn more about FTX.COM, please visit: https://ftx.com/ FTX.COM is not available to US residents or residents of other prohibited jurisdictions, as set out in its Terms of Service. About FTX.US FTX.US is a US-regulated cryptocurrency exchange, built from the ground up. Our mission is for FTX.US to grow the digital currency ecosystem, offer US traders a platform that inspires their loyalty and become the market leading US cryptocurrency exchange by volume over the next two years. To learn more about FTX.US, please visit: https://ftx.us/ Media Contact: Jay MorakisM Group Strategic Communications (for FTX)+1 646-859-5951ftx@mgroupsc.com
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WageCan Provides Best Multifunctional Digital Asset HR & Payroll Solutions
IRVINE, Calif., July 27, 2021 /PRNewswire/ -- Blockchain payment adoption is growing fast because it offers an easy way to send and receive payments on a global scale. In a world where people are using the Internet for all types of services, crypto is definitely the future. Besides promising the easiest way to manage asset portfolios for all kinds of digital asset management, WageCan is taking another giant step toward providing progressive business experience solutions. We continue to expand into new areas to meet the ever-growing demand for accessible avenues to multifunctional digital asset HR & Payroll solutions simultaneously. WageCan has launched cutting-edge multifunctional digital asset HR & Payroll solutions with a focus on miners, international companies, startups, and gig economy workers looking to pay employees or vendors online with cryptocurrency. It helps you with workforce management, benefits, compliance around the world, and provides complete automation of your HR and Payroll systems. Other than that, WageCan supplies one-stop wealth management services for users to invest in the portfolio once users receive their wages on the platform and further create considerable wealth. Here's all you need to know about the best service WageCan offers: what it is, how it works, and why any business running in the 21st century needs to get on board this productivity gravy train. To show you how exactly WageCan digital asset HR & Payroll systems can provide flexibility to accommodate your needs and even boost your wealth, here are the main features about us: I. HR System: Employer and employee portals and easy onboarding efficiently Multiple permission settings Everything is visible on the dashboard so that employers or freelancers can keep everything under control with no effort APIs available for Integration Track and calculate paid personal and leave requests Applicant tracking in recruiting Payroll Scheduling Check personal salary history record Cross-border payments with multi-currency support II. Payroll System: Multi-cryptocurrency payments to employees and receive wages anywhere around the world Seamlessly shift between digital currencies/assets on the go Simplified cross-border payments for a global workforce Offer bonus or commission in cryptocurrency Instant, fast, and low-cost transaction Offer a variety of salary options: Accept a portion or all of their salaries in cryptocurrency into the encrypted wallet Deposit into prepaid debit cards or virtual cards which can be used daily Get access to WageCan digital asset investment to the mainstream with even a small percentage of the salary periodically and boost your wage Easy to pay contractors or employees living in remote areas with the options mentioned above Invest part of the salary in BTC, ETH, Stablecoins, and other DeFi projects on the WageCan platform to get enhanced earning potential property High-security on-chain, transparent, better in combating fraud, with the leading cybersecurity firm In conclusion, cryptocurrencies strengthen globalization by removing the hurdles to hire people around the globe. WageCan's multifunctional digital asset HR & Payroll solutions can benefit both employees and employers, allowing for more freedom over funds and fast global payments. Our goal is simple: "Build Something Great" - delivering "ease, innovation, and sophistication in one neat package." Learn more about WageCan's mission and commitment to HR & Payroll Solutions at service@wagecan.com.
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Survey of Japan Digital Transformation (DX) progress in the Real Estate Industry 2021
The speed of DX has accelerated drastically during the past year due to the COVID-19 pandemic compared to the previous survey conducted in June 2020 TOKYO, July 28, 2021 /PRNewswire/ -- A result of survey was announced by GA technologies Co.,Ltd. (Headquarters: Minato City, Tokyo; CEO: Ryo Higuchi; Securities Code: 3491; "the Company") on Friday 16th July, regarding how the real estate industry is embracing the wave of digital transformation. The speed of digital transformation ("DX") has accelerated drastically during the past year due to the COVID-19 pandemic compared to the previous survey conducted in June 2020（※1). In this article, we will focus on the analysis on how real estate companies have been dealing with this DX movement that has been taking place in the industry. The survey was jointly conducted by ITANDI, Inc., a member of GA technologies groups among 6 other companies and 1 organization conducting business in the PropTech industry. The mission of ITANDI is to make the real estate transaction process easier and smoother by bringing technology into the entire process. ITANDI, Inc. (Headquarter at Minato, Tokyo/ CEO: Shinpei Noguchi) UPDATA CO., Ltd. (Headquarter at Shibuya, Tokyo/ CEO: Masanobu Okamura) WealthPark Co., Ltd. (Headquarter at Minato, Tokyo/ CEO: Ryuta Kawada) Servithink Co.,Ltd. (Headquarter at Shinjuku, Tokyo/ CEO: Shinji Namura) Spacely, Inc.(Headquarter at Shibuya, Tokyo/ CEO: Hiro Morita) Linough Inc.(Headquarter at Bunkyo, Tokyo/ CEO: Kiyoshi Takizawa) LEEWAYS Inc. (Headquarter at Shibuya, Tokyo/ CEO: Shigenori Makiguchi) Real Estate Tech Association for Japan (Headquarter at Minato, Tokyo / Representatives: Masayuki Akagi, Shigenori Makiguchi) Survey conducted by 7 companies and 1 organization Result summary of how the real estate industry has been dealing with the idea of digital transformation "Is your company making any progress on DX aspect?", More than 90% of companies answered "Yes": which exceeds 90% and it is 1.5 times compared to last year. "What is your purpose of making this transformation?", about 85% answered, "To improve business efficiency". Most companies pointed out that "It is hard to hire professionals with adequate DX skills and knowledge" when it comes to the obstacles in the process of DX. This also shows that the lack of people with proper DX knowledge and skills has continually been an issue for most companies. When it comes to the annual budget willing to spend on DX aspect, over 50% answered "more than 1,000,000 JPY", and 18% answered "more than 10,000,000 JPY" in which we can see a serious progress being made by the entrepreneurs. We can see an increase of willingness about installing the electronic application system, and we are positive that the installation rate will rise gradually. After the COVID-19 pandemic broke out, installation rate of tools for supporting remote working has increased significantly, including "online meeting system", "App for property owners / portal site service", "electronic application system", "electronic contract system" and "VR / online tour system". More than 83% of the companies answered, "Want to install an electronic application/contract system". 30% answered that "the preparation is underway"; however, 20% of the companies are "Interested about the option but are uncertain about how to operate and which system to choose. Why do real estate companies start to make this digital shift? When it comes to the purpose of bringing in technology into the business process, more than 90% of the companies answered that they have been doing some forms of DX compared to the previous survey, which the result was 60%. There is 1.5 times increase from the result this time in a short term of 1 year. For this shift, more than 85% mentioned that the improvement of the overall work efficiency is the major reason for such change. Things the companies find difficult during the process of this transformation When it comes to obstacles of making this shift, "Hard to find the right person with adequate skills and professional knowledge about DX." tops the list, followed by the "lack of budget". In the previous survey, we could also find in 60% of the companies' such reasons as the "lack of the knowledge and skills, know-how needed for this transformation", "Hard to hire and maintain such human resources", "Hard to find such person with appropriate skills to lead the team and take the initiative of the transformation". From this result, we can see that "Lack of appropriate human resources with adequate DX knowledge and skills" has continue to be a major issue for most companies wanting to make the shift. Annual budget willing to spend on the digital transformation aspect About how much a company is willing to spend annually on making this DX, 67% answered with "More than 500,000 JPY", followed by "More than 1,000,000 JPY", which is more than 50% company's answer . There are even 18% of companies which are willing to spend "More than 10,000,000 JPY" to make such shift. Progress on the actual installation of rate tools / Customer satisfaction "Systems, tools for web meetings" takes the No.1 position for both installation rate and customer satisfaction. "Real estate infrastructure system" and "property data management system" are also popular systems when it comes to actual installation following by "VR / online house tour system", "Chatting tools", "CRM system". These systems also gain high installation rates due to the increasing need for remote work and online meetings in the industry. Other than these, the need for "Electronic application/ contract system(s)" also is on the rise, we are positive about the increase regarding the installation rate in this category from now on. On the other hand, industry-exclusive services such as the "Online document (important matters) system", "Property price estimation system using AI" both have gained more than 50% of customer satisfaction based on the real estate survey we conducted. Progress of DX tool installation rate in the industry pre/post COVID-19 pedantic "Online meeting system" and "App for property owners/info/ portal site" have the highest needs after the COVID-19 pandemic broke out followed by "Electronic application system", "Electronic contract system". We can see that tools that are able to deal with the remote working style are the most popular due to the global pandemic. Willingness of installing the electronic contract system According to the survey, 83% of the companies are willing to shift to an electronic contract system which explicitly shows that the need for online system is rising. 30% of the companies are already in the process of making such shift. However, there are still 20% which feels uncertain about which system to choose. Conclusion It has been a year since the initial breakout of the COVID-19 pandemic. The DX movement of the industry is moving faster than ever since the people's understanding about DX is also changing drastically. Along with the change in work style and amendments of the related regulations, we are expecting to see an even faster movement of this transformation. Although we are happy to see some positive changes this DX could bring to the world, we also find that the industry is facing several obstacles that prevent companies from taking the further aggressive steps. The companies and organization carried out this survey are professionals in the real estate industry and are eager to make contributions to the process in this DX that is happening. Summary of the survey Research time: June 3, 2021 - June 25 Number of replies received: 219 companies /237 people Gathering method: Online survey About ITANDI ITANDI Inc. CEO: Shinpei Noguchi URL: https://www.itandi.co.jp/Office: 40F, Mitsuisumitomo Roppongi Grand Tower, Roppongi 3-2-1, Minato, Tokyo Year of Founding: June, 2012 Capital: 36,000,000 JPY Services: BtoB software services development and operation : ITANDI BB Real estate DX services development and operation: ITANDI BB + Self-tour type house hunting platform development and operation: OHEYAGO About GA technologies GA technologies Co., Ltd. CEO: Ryo Higuchi URL: https://www.ga-tech.co.jp/en/Office: 40F, Mitsuisumitomo Roppongi Grand Tower, Roppongi 3-2-1, Minato, Tokyo Year of Founding: March, 2013 Capital: 72,859,9831JPY (As of June 30, 2021) Services: PropTech real estate services platform: RENOSY (Portal media, Real estate agent service, real estate dealing, renovation service, property management) SaaS type of BtoB PropTech products development Data research and analysis using AI Overseas real estate platform service targets at the Greater China area: Shenjumiausuan, overseas PropTech business Major group companies: ITANDI, Inc, Modern Standard Co, Ltd., Shenjumiausuan Co.,Ltd and other 8 companies
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Deep Longevity Repurposes a Blood Aging Clock for Saliva Samples
HONG KONG, July 27, 2021 /PRNewswire/ -- Endurance RP Limited's ("Endurance Longevity" or the "Company" and together with its subsidiaries, the "Group"; stock code: 0575.HK) wholly owned subsidiary Deep Longevity, Inc, a leading provider of deep biomarkers of aging and longevity is pleased to announce the publication of its Frontiers in Aging article "Adapting blood DNAm aging clocks for use in saliva samples with cell-type deconvolution". Blood is the most popular human tissue used for clinical analysis. It is a liquid tissue that permeates all other organs and thus reflects the state of the whole organism. Blood is also preferred by most biogerontologists, who study the aging process and its footprints. In the meantime, drawing blood is a painful procedure that requires an appointment with a clinic — something many consumers are unwilling to do. Saliva is a much easier tissue to collect, for example, with home kits. Last year Deep Longevity released the most accurate epigenetic aging clock — DeepMAge. It uses the information about DNA modification to estimate one's pace of aging, which has been shown to be associated with cancer, dementia, and irritable bowel disease. However, DeepMAge could only be used with blood samples, which limited the range of its use-cases. The Frontiers publication demonstrates how the same blood-trained model can be repurposed for saliva samples with practically no drop in performance. Originally, DeepMAge could predict human age with 20.9 years of error when used on saliva, but the new adjustment restored its accuracy to 4.7 years. The adjustment makes use of the inherent heterogeneity of saliva samples that consist of variable proportions of epithelial and immune cells. These cell types age at a different speed, and when they are mixed together the organismal pace of aging is obfuscated. Cell-type deconvolution method EpiDISH allows to obtain the composition of a saliva sample with no additional information needed. Combining this method with a blood aging clock salvages its performance. Now, DeepMAge and other blood-trained aging clocks can be easily applied to saliva, which enables a variety of consumer-friendly applications of the biogerontological models. About Deep Longevity Deep Longevity is a wholly owned subsidiary of Endurance Longevity (SEHK:0575.HK), a publicly-traded company. Deep Longevity is developing explainable artificial intelligence systems to track the rate of aging at the molecular, cellular, tissue, organ, system, physiological, and psychological levels. It is also developing systems for the emerging field of longevity medicine enabling physicians to make better decisions on the interventions that may slow down or reverse the aging processes. Deep Longevity developed Longevity as a Service (LaaS)© solution to integrate multiple deep biomarkers of aging dubbed "deep aging clocks" to provide a universal multifactorial measure of human biological age. Originally incubated by Insilico Medicine, Deep Longevity started its independent journey in 2020 after securing a round of funding from the most credible venture capitalists specializing in biotechnology, longevity, and artificial intelligence. ETP Ventures, Human Longevity and Performance Impact Venture Fund, BOLD Capital Partners, Longevity Vision Fund, LongeVC, co-founder of Oculus, Michael Antonov, and other expert AI and biotechnology investors supported the company. Deep Longevity established a research partnership with one of the most prominent longevity organizations, Human Longevity, Inc. to provide a range of aging clocks to the network of advanced physicians and researchers. https://www.deeplongevity.com/ About Endurance Longevity (Stock code: 0575.HK) Endurance Longevity is a diversified investment group based in Hong Kong currently holding various corporate and strategic investments focusing on the healthcare, wellness and life sciences sectors. The Group has a strong track record of investments and has returned approximately US$298 million to shareholders in the 21 years of financial reporting since its initial public offering. www.endurancerp.comRelated Links :http://www.endurancerp.com
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Webull Financial Announces Winners of Three-Year Anniversary Giveaway
Independent Broker Dealer Awards Three Winners with New Tesla Model 3, Following Month-Long ContestNEW YORK, July 27, 2021 /PRNewswire/ -- Webull Financial LLC, an independent, self-directed broker dealer focused on zero-commission trading and in-depth market data, is pleased to announce the winners of its 3rd anniversary promotion. The month-long contest awarded three Webull traders a Tesla Model 3. The in-app promotion, which was open to traders of all experience levels, required participants to complete tasks to receive opportunities to spin the Webull Anniversary Wheel. The tasks included sharing the event to social media, opening a Webull brokerage account (for participants without existing accounts), and referring new users to the platform. Each spin awarded one entry into a lottery for a Tesla Model 3 and guaranteed a free stock or a Level 2 Quotes subscription (powered by Nasdaq TotalView). "We were excited to see the amount of Webull traders who participated in this promotion," said Anthony Denier, CEO of Webull. "Webull wouldn't be where we are today without our loyal customer base, and we are so grateful to have them along for the ride. We can't wait for the continued evolution of our app and all that is to come in the next three years and beyond." Out of the nearly 224,000 users who participated in Webull's 3rd Anniversary Promotion, the three winners that were drawn are Dustin Boike of Fayette, IA; Alex Moore of Pearl City, IL; and Jason Pennington of Maryville, TN. All shall receive their very own Tesla Model 3 in Fall/Winter of 2021. "I have been a loyal Webull customer since October of 2020. I've always been interested in investing and when I found out that Webull offers zero-commission trading, I was intrigued," said winner Dustin Boike. "I downloaded the app and was instantly impressed by how easy it was to navigate around. The information, tools, and data Webull provides is very helpful for all traders. And of course, I appreciate the promotions! Thanks Webull for having an amazing app and my new Tesla!" This contest concluded just prior to the launch of fractional share trading across the Webull platform. For more information about Webull, please visit www.webull.com. About Webull Financial Webull Financial LLC is a broker-dealer registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). The headquarters of Webull Financial LLC is located at 44 Wall Street, New York, NY, USA. Related Links :http://www.webull.com
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Asia School of Business Launches Inaugural ASB101K Entrepreneurship Competition
MYR101,000 cash for grand prize winner plus added benefits from Microsoft and additional partners for finalists KUALA LUMPUR, Malaysia, July 27, 2021 /PRNewswire/ -- The AirAsia Innovation and Entrepreneurship Centre at Asia School of Business (IEC@ASB) launches the inaugural ASB101K Entrepreneurship Competition. Aimed at building a dynamic entrepreneurial ecosystem in Southeast Asia (SEA), registration is now open to teams of tertiary students and early stage startups from around the region. On top of gaining exposure to coaching and bootcamps delivered by mentors from ASB and the regional startup and VC ecosystem, teams will vie for the total prize money of MYR 262,000 and additional benefits from competition partners including Microsoft. Star Up! Start High! Join the ASB 101K Competition. Following in the footsteps of the MIT100K Entrepreneurship Competition which has been running since 1989 (notable past participants include now public-listed HubSpot and Akamai amongst many others), ASB101K also seeks to jumpstart ventures offering innovative technology-driven scalable solutions in the areas of Agriculture, Education, Environment, Finance, Healthcare, ICT, and other sectors. Divided into two tracks, ASB101K welcomes student teams from various disciplines at any level of study from tertiary level institutions across SEA to register for the competition via the Student Track. Meanwhile, early stage start-ups registered anywhere in SEA after 1 January 2019 are eligible to participate under the Start-Up Track. The competition will reward the most scalable, sustainable and innovative business solution that addresses a genuine business problem with respect to its target market. Respective track winners will be awarded MYR101,000 each. Further, there are additional perks for the Semi-finalist Teams, from competition partners. "At IEC@ASB, our vision is to become the primary entrepreneurial and intrapreneurial advisory in Malaysia and beyond. We know that success for any venture is not a given; however, the chances of thriving for the long term is infinitely greater with a robust and dynamic entrepreneurial ecosystem. We intend to be an integral part of this entrepreneurial ecosystem, which is why we are extremely proud to launch this competition," says Prof. Loredana Padurean, Associate Dean and Faculty Director for Action Learning and the Innovation and Entrepreneurship Center at Asia School of Business. The competition involves three rounds. In Round 1 (Executive Summary), a total of 100 teams will be shortlisted. At the end of Round 2 (Business Model), 24 finalists will advance to Round 3 (Presentations). The latter two rounds will kick off with boot camps to help participating teams solidify their business model and improve their pitching skills respectively. Due to the pandemic, initial rounds will be held virtually, while the location of Round 3 is still pending, depending on the situation at the time. It is the ASB's hope that the final leg of the competition will be held in person, so that participants can take advantage of their state-of-the-art campus grounds in Kuala Lumpur. "In creating future ready leaders for Asia, our emphasis will be on developing smart and sharp skills in the participants via the bootcamps. To nurture the ecosystem further, we will also involve our students, faculty, alumni, partners and investors at different stages throughout the competition," added Subramonia Sarma, Senior Director of Action Learning and the Innovation and Entrepreneurship Center at Asia School of Business. Through Microsoft's partnership with ASB101K, semi-finalists will receive certification vouchers valid up to six months after the competition from the tech giant. These vouchers from Microsoft will provide the semi-finalists with the opportunity to receive certification programmes worth up to USD$180 in the areas of Artificial Intelligence and Data Analytics. K Raman, Managing Director at Microsoft Malaysia commented, "Digital innovation is essential to any economy, driving tremendous impact for all. We are pleased to be collaborating with the Asia School of Business' ASB101K, empowering future leaders with the skills and resources they need to succeed. We look forward to bearing witness to the emergence of a new generation of startups and entrepreneurs." Registration for ASB101K and Round 1 submissions are open from now till 1 September 2021. For more information on ASB101K or to register, visit https://asb101k.com/. About Asia School of Business Asia School of Business (ASB) was established in 2015 by Bank Negara Malaysia in collaboration with MIT Sloan School of Management to be a premier global business school, a knowledge and learning hub infused with regional expertise, insights and perspectives of Asia and the emerging economies. ASB's degree and executive education programs have been globally-acclaimed for leading the way in management education. Through its award-winning Action Learning based curriculum, in partnership with the corporate community and students from across the world, ASB is committed to developing transformative and principled leaders who will contribute towards advancing the emerging world and beyond. To learn more about Asia School of Business, visit their website at https://asb.edu.my/, or check out their LinkedIn, Instagram and Facebook pages. About Innovation and Entrepreneurship Center at Asia School of Business (IEC@ASB) The Innovation and Entrepreneurship Center (IEC) was designed with the belief that everyone can be an innovator and entrepreneur through the right tools, mentorship, and interventions. This center for innovation and entrepreneurship provides innovation and entrepreneurship programs to ASB students, corporate partners, universities, non-profit organizations, and youth organizations all while managing FabLabKL, one of Malaysia's first makerspaces. Related Links :https://asb.edu.my/
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Zhongchao Inc. Builds A Platform for Breast Cancer Tiered Diagnosis and Treatment Improvement To Promote the Equalization of Breast Cancer Diagnosis a
SHANGHAI, July 27, 2021 /PRNewswire/-- Zhongchao Inc. (NASDAQ: ZCMD) ("Zhongchao" or the "Company"), a healthcare services company offering patient management, online healthcare information, professional training and educational services, today announced that for the first half of 2021, around 100,000 users had completed the learnings through the Breast Cancer Tiered Diagnosis and Treatment Improvement Platform ("Platform") built and operated by the Company. There are approximately 2.5 million breast cancer patients in China, with more than 400,000 new cases each year. The 5-year survival rate for patients with early-stage breast cancer is up to 90% compared to less than 40% for patients with advanced breast cancer. The Healthy China 2030 Guideline outlines the goal of increasing the overall 5-year cancer survival rate by 15% by 2030. The overall treatment level of breast cancer in developed regions of China is now close to the level of the developed countries. However, many breast cancer patients are diagnosed at the advanced stage, and the level of treatment varies from region to region. As a result, in order to improve the survival rate of breast cancer patients, the capacities of breast cancer diagnosis and treatment in grassroots and underdeveloped areas are essentially important. Tiered diagnosis and treatment is an important system implemented by the National Health Commission, which aims to rationalize the allocation of medical resources and promote the equal availability of basic medical and health services, covering over 90% of the regions nationwide. National Health Commission had announced the Technical Plan for Breast Cancer Tiered Diagnosis and Treatment, enabling many breast cancer patients to receive standardized treatment at the grassroots level. There are currently approximately 4 million grassroots health care providers in China. To achieve the goal of expanded tiered diagnosis and treatment, it is necessary to provide training on standardized treatment for primary health care providers. The Platform is a standardized diagnosis and treatment education platform. Through the construction of the clinical competence model, multi-dimensional lecture format, and real-time guidance by authoritative experts, the Platform provides comprehensive training for doctors and county medical institutions nationwide regarding the breast cancer diagnosis and treatment in prefecture-level as well as application of advanced breast cancer treatment technology in primary medical and health institutions. Renowned experts in the field of breast cancer in China, such as Prof. Shao Zhimin, Prof. Jiang Zefei, Prof. Xu Binghe and Prof. Jin Feng have joined the platform as lecturers or instructing experts. The Platform is built and operated by the Company and jointly supported by China Primary Health Care Foundation, Cancer Hospital of Chinese Academy of Medical Sciences, Beijing Cancer Hospital, Fudan University Shanghai Cancer Center, Tianjin Medical University Cancer Institute and Hospital, AstraZeneca, etc. With the continuous launch of innovative drugs, the market size of China breast cancer drugs continues to grow. By the end of 2020, the market size of China breast cancer drugs was 50.1 billion Yuan with an 11.33% year-over-year increase, and it is expected to increase to 73.9 billion Yuan in 2024. Moreover, with the implementation of tiered diagnosis and treatment, companies and organizations in the pharmaceutical field are devoting more attention and resources to the primary care market, and there is a huge market opportunity for the education and training of millions of primary care health service personnel. About Zhongchao Inc. Incorporated in 2012 with headquarter offices in Shanghai and Beijing, China, Zhongchao Inc. is an online provider of healthcare information, professional training and educational services to healthcare professionals under its "MDMOOC" platform (www.mdmooc.org) and to the public under its "Sunshine Health Forums" platform (www.ygjkclass.com) in China. The Company also provides patient management services through its subsidiaries. More information about the Company can be found at its investor relations website at http://izcmd.com. Safe Harbor Statement This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the professional training and educational services market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact: At the Company: Pei Xu, CFO Email: xupei@mdmooc.org Phone: +86 21-3220-5987 Investor Relations: Sherry Zheng Weitian Group LLCEmail: shunyu.zheng@weitian-ir.com Phone: +1 718-213-7386
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Nisun International Announces Partnership with JD.com to Jointly Develop Supply Chain Services for E-Commerce Business
SHANGHAI, July 27, 2021 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun" or the "Company") (NASDAQ: NISN), a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced that Fanlunke Supply Chain Management (Shanghai) Co., Ltd, a controlled affiliate of the Company, has signed a partnership agreement with Beijing Jingdong Century Information Technology Co., Ltd ("JD"), a subsidiary of JD.com, China's leading technology driven e-commerce company transforming to become a leading supply chain based technology and service provider. Under this agreement, the two groups will enter a joint cooperation to develop supply chain services targeting the e-commerce industry. Beijing Jingdong Century Information Technology Co., Ltd is wholly-owned by Beijing Jingdong Century Trading Co., Ltd and a subsidiary of JD.com. Under this cooperation, the two groups will lean on their respective logistics networks, supply chain resources, and technologies, to complement each other's advantages and collaborate to develop integrated supply chain solutions targeting the e-commerce industry, deploying JD's e-commerce platform and prioritizing customer experience. Through this cooperation, Nisun will further integrate the upstream and downstream of supply chain logistics and improve efficiency to provide comprehensive products and sales solutions. "This partnership with China's e-commerce giant marks another important step for Nisun in the deployment of our long-term growth strategy while providing an opportunity for us to expand our presence in the e-commerce field," said Mr. Xiaoyun Huang, Chairman and Chief Executive Officer of Nisun International. "In addition, making use of JD's advantages in traffic, logistics, and warehousing, Nisun can accelerate its growth in the supply chain industry while improving its capacity and efficiency in supply chain management. This partnership will allow us to improve product and service offerings and remain focused on our goals to meet customer demands while creating value for shareholders." About Nisun International Enterprise Development Group Co., Ltd Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its rich industry experience, Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries, Nisun provides users with professional solutions for technology supply chain management, technology asset routing, and digital transformation of tech and finance institutions, enabling the industry to strengthen and grow. At the same time, Nisun continues to deepen the field of industry segmentation through industrial and financial integration, by cultivating/creating an ecosystem of openness and empowerment. Nisun has built a linked platform that incorporates supply chain, banking, securities, trust, insurance, funds, state-owned enterprises, among other businesses. Focusing on industry-finance linkages, Nisun aims to serve the upstream and downstream of the industrial supply chain while also assisting with supply-side sub-sector reform. For more information, please visit http://ir.nisun-nasdaq.com/index.html. Cautionary Note Regarding Forward-Looking Statements This press release contains information about Nisun's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Nisun encourages you to review other factors that may affect its future results in Nisun's registration statement and in its other filings with the Securities and Exchange Commission. Nisun assumes no obligation to update or revise its forward-looking statements as a result of new information, future events or otherwise, except as expressly required by applicable law. Contacts: Nisun International Enterprise Development Group Co., LtdInvestor RelationsShaokang (Ken) LuTel: +86 (21) 2357-0055Email: lushaokang@cnisun.com ICR, LLCTel: +1 203 682 8233Email: nisun@icrinc.com Related Links :http://www.fintaike.com
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MINISO Delivers RMB 5 Million of Emergency Supplies to Aid Henan Flood Relief Effort
GUANGZHOU, China, July 27, 2021 /PRNewswire/ -- Lifestyle product retailer MINISO, has committed to donating RMB 5 million of emergency supplies to aid the disaster relief operations in central China's Henan province, after a severe flood caused by extremely heavy rainfall in the region. In response to the crisis, MINISO swiftly implemented the emergency rescue scheme, organized staff to dispatch relief supplies from six warehouses across the country to support those in most immediate need. In response to the crisis in Henan, MINISO swiftly implemented the emergency rescue scheme, organized staff to dispatch relief supplies from six warehouses across the country to support those in most immediate need. The first batch of supplies worth RMB 350,000, including bottled water and convenience food, has been dispatched from the Wuhan warehouse, which will be followed by a second batch that includes over 115,000 bottles of water in an effort to mitigate drinking water shortage caused by the flood. The second and third batches of relief supplies, including 9,600 boxes of drinking water worth more than 800,000 yuan, arrived in Xinxiang City on May 24, and the third batch arrived in Weishi County, Kaifeng City on May 25, and were respectively received by the local Red Cross. "In the face of this devastating natural disaster, the Chinese people have once again shown enormous tenacity and solidarity in ensuring people's safety and rebuilding their homeland. The donation is our endeavor to serve and support the affected communities and the front-line rescue workers by providing vital supplies in their time of need," said MINISO's Vice President of Marketing Robin Liu. Since its establishment, MINISO has initiated multiple charity projects and taken concrete actions to help support children, women and those who suffer from serious illness and disasters. In recent years, MINISO has ramped up efforts in channeling its resources to address the challenges of people in need, seeking new ways to positively impact the communities around it and working with its partners in various sectors to create a new philanthropy ecosystem in all over the world. Earlier this year, together with China Charities Aid Foundation for Children (CCAFC), a leading Chinese NGO established to provide support to marginalized and vulnerable children in China for their education, health and growth, MINISO launched a charity project for female, an initiative that offers health and well-being education to "left-behind" girls to help them raise awareness about personal hygiene and sanitation. Under the joint initiative, MINISO also aims to harness the sprawling influence of this platform to bring the attention of the public and companies to the health conditions of young girls living in rural areas, improving access to sanitary projects for them. "MINISO places social responsibility at the forefront of our business visions and objectives, constantly exploring new charity models through diverse and cross-border partnerships. Building on our own business advantages, we wish to maximize our ability in transforming the charity landscape in China and beyond, bringing meaningful changes to people in need. Looking forward, MINISO will continue to promote the development of charitable programs by providing more education projects, life essentials and services to vulnerable communities," said Robin Liu. About MINISO MINISO is a lifestyle product retailer, offering high-quality household goods, cosmetics, food, and toys at affordable prices. Since its first store opened in Guangzhou in 2013, MINISO has opened more than 4,587 stores in over 95 countries and regions. With a focus on sleek design and fun trends, its mission is to enable everyone to enjoy life's little surprises.
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Eventus Systems wins Trade Surveillance Product of the Year in 2021 Risk Technology Awards
Second win in category for Validus platform AUSTIN, Texas and LONDON, July 27, 2021 /PRNewswire/ -- Eventus Systems, Inc., a leading global provider of multi-asset class trade surveillance and market risk solutions, today won the award for Trade Surveillance Product of the Year in the 2021 Risk Technology Awards. The firm won the comparable honor in 2019, also for its Validus platform that now provides not only trade surveillance and risk monitoring but also anti-money laundering and transaction monitoring. The Risk Technology Awards recognize those vendors doing the most to help the industry meet its various challenges in the fields of asset liability management (ALM), credit and operational risk, as well as wider enterprise risk management. Winners are determined by a panel of judges, selected by the editors of Risk.net, including technology users, risk management practitioners and members of the editorial team. Erin Joyce, Manager, Risk Technology Awards, said: "The judges prized Eventus' balance of offerings that span the current state of innovation with impressive and forward-thinking features such as its use of AI and a complete audit trail of all automations." Eventus CEO Travis Schwab said: "It's truly gratifying to earn this recognition from the distinguished panel of judges that Risk.net assembled. We've been on a steep growth trajectory since winning this award last time, broadening our staff, capabilities and geographical presence – but maintaining our laser focus on market expertise, close collaboration with our clients, flexibility, customization and scalability." Eventus last year made hundreds of enhancements to Validus, including new capabilities for anti-money laundering (AML) and transaction monitoring, along with extensive functionality and features for its trade surveillance and risk monitoring capabilities. The firm also introduced new automation tools, enabling clients such as digital asset market centers to far more efficiently self-manage their surveillance models and cast a wide net for alerts, sifting through the noise and better highlighting which alerts require human review. In June, Eventus won Best Market Surveillance Tool in the 2021 WatersTechnology Asia Awards, following its selection in April as Best Sell-Side Market Surveillance Provider in WatersTechnology's 2021 Sell-Side Technology Awards, as well as Best in RegTech in Markets Media's Markets Choice Awards for the second consecutive year. About Eventus Systems Eventus Systems is a leading global provider of multi-asset class trade surveillance and market risk solutions. Its powerful, award-winning Validus platform is easy to deploy, customize and operate across equities, options, futures, foreign exchange (FX), fixed income and digital asset markets. Validus is proven in the most complex, high-volume and real-time environments of tier-1 banks, broker-dealers, futures commission merchants (FCMs), proprietary trading groups, market centers, buy-side institutions, energy and commodity trading firms, and regulators. The company's rapidly growing client base relies on Validus and Eventus' responsive support and product development teams to overcome its most pressing regulatory challenges. For more, visit www.eventussystems.com. Related Links :https://www.eventussystems.com
