Aruba introduces ESP, an AI driven, integrated platform for managing networks with AI telemetry and dynamic segmentation.
Bespin Global Raises $75M in Series-C Funding
– The company signed a $75M investment contract with SK Telecom, and existing investors (SK Telecom invested through SK Telecom China).
– The company raised $14M in Series-A, $90M in Series-B, and in total $177M.
– The company said it would continue to grow its domestic market share and expand into new global markets as well.
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SEOUL, South Korea, June 16, 2020 /PRNewswire/ — Mr. John Hanjoo Lee, the CEO of the global cloud management company Bespin Global, announced on May 27th that the company had signed a $75M Series-C funding contract through its holding company, Newberry Global.
Bespin Global has raised $177M so far, including $14M Series-A and $90M Series-B.
SK Telecom participated in this funding round through SK Telecom China. Other investors include DY Holdings.
SK Telecom expects to accelerate its own cloud business with the help of Bespin Global’s leading multi-cloud management capability.
Bespin Global will join forces with SK Telecom, SK C&C, and SK Infosec to develop a 5G cloud-integrated and multi-hybrid management platform based on OpsNow which is Bespin Global’s proprietary cloud management platform.
Bespin Global is the first East Asian company to be positioned in Gartner Magic Quadrant for Public Cloud Infrastructure Professional and Managed Services for four consecutive years and is the first Korean company to be placed in the Leaders quadrant this year. The company supports all major public cloud platforms and offers cloud managed service globally through its proprietary platform, OpsNow. Recognized for its skills and growth, Bespin Global China has a significant presence in the Chinese MSP market. Bespin Global is also quickly expanding in the Middle East & Africa region through its MEA arm.
"The combination of 5G and cloud will accelerate innovation across industries and allow companies to improve their service value," said Yoo Yeong-Sang, the head of MNO business at SK Telecom, "We will lead innovation in 5G by joining hands with software developers, device manufacturers, and global mobile carriers."
John Hanjoo Lee, CEO of Bespin Global, said, "the future of cloud will be shaped by 5G cloud. By collaborating with SK Telecom, we will develop and offer a 5G cloud management platform for the global market. This is a good example of a collaboration between an enterprise and a startup." He added, "we will take this funding as an opportunity to establish this company as a leading player in the cloud industry. We also plan to expand to North America in the second half of this year."
Related Links :
https://www.bespinglobal.com/
SECUI selects Snet SWAN powered by 128 Technology for enhanced “Zero-Trust” Security
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Leading network integrator to offer SECUI software-centric SD-WAN service
BURLINGTON, Massachusetts, June 16, 2020 /PRNewswire/ — 128 Technology, the leader in Session Smart™ Routing, today announced that SECUI Corporation has selected Snet Systems, a leading network integrator headquartered in Seoul, Korea, to offer a highly reliable and secure managed SD-WAN service, called SWAN, powered by 128 Technology’s Session Smart™ Router. Snet Systems and SECUI an information security company and subsidiary of Samsung SDS based in Korea, will work together to offer enterprise customers a networking environment that delivers the agility they need to be more customer-centric and outpace their competitors.
Snet Systems will provide its SWAN solution to SECUI, which will offer Snet its next generation solutions for network security, threat detection, and security management. The two companies will work collaboratively to provide sales and technical support on joint domestic projects where SECUI participates as a new service.
Snet Systems announced in October 2019 it would join the 128 Technology Solution Partner Program, which enables service providers to leverage 128 Technology’s 128T Networking Platform to create new revenue streams. Snet and SECUI will gain several new features from 128 Technology’s router, including application-aware routing, zero trust security, as well as orchestration and automation. These features will drive more efficient use of network bandwidth, security, performance, and simplicity than any other routing platform on the market today.
"We’re excited to partner with SECUI, a true leader in the security space," said Incheol You, Chief Technology Officer, Snet Systems. "The combination of SECUI’s security infrastructure, in addition to our SWAN solution, will result in a powerful offering to enhance our customers’ productivity, bandwidth efficiency and profitability."
"128 Technology’s Zero Trust security approach was a major reason why we decided to partner with Snet," said Byung Soo Kim, Vice President, SECUI. "We’re not interested in network security that’s painted on or relegated to the perimeter. We need a security solution that’s baked into the routing fabric itself and can help us mount simpler and more affordable defenses. Snet SWAN, powered by 128 Technology, was the ideal solution."
"Today’s enterprises need a network that is not only resilient to attacks but can also isolate an attack to the smaller segment within the network," said Kaz Kuroda, Managing Director APAC, 128 Technology. "By partnering with 128 Technology and using its Zero-Trust security model, Snet and SECUI will be able to reduce the risk of security breaches and compliance penalties as well as make it easy to connect and secure remote locations."
To learn more about 128 Technology’s mission to set the network free, visit here.
About SECUI Corporation
SECUI has been concentrating on network security technology development since its founding in 2000. We are now starting to have international security company as a target. SECUI has been recognized for its competence and potential throughout the world, and continuously making new stories with pleasant corporate culture, innovative process, creative thinking and passionate activities. From development, consulting, SI service and more, SECUI’s ethic for management is based on providing best technology, excellent quality and superior products / services to the customers. As a No.1 security company in Korea, we will always comply with our social responsibilities.
About Snet Systems
Snet Systems is Cisco Gold Partner since 2002 in Korea. We have years of comprehensive experience in architecting technology solutions that best fit a customer’s requirements for a next generation network infrastructure. Snet Systems consults, designs, establishes, and maintains all infrastructure of network, security, unified communication, as well as data center solution, Cloud Service, Internet of Thing (IoT), SDN Application, and Mobile Network Solution. In addition, the company has a sustainable growth system through synergy management with its affiliates, Goodus, Goodus Data, Goodus Smart Solutions, and overseas branch offices in Indonesia, China, and Vietnam.
About 128 Technology
128 Technology, a software-based networking company, is on a mission to radically reinvent companies’ digital futures based on a new model for virtual networking called Session Smart™. Session-smart networking enables enterprise customers and service providers to create a service-centric fabric that’s more simple, agile, and secure, delivering better performance at a lower cost. Whether your enterprise is moving your business to the cloud, modernizing the WAN edge, seeking more reliable unified communications or pursuing an industrial internet of things (IIoT) initiative, Session Smart networking re-aligns networks with digital transformation initiatives. Headquartered in Burlington, Mass. along Route 128, ‘America’s technology highway’, the company also has operations throughout North America, South America, Europe and Asia Pacific.
To learn more about 128 Technology, visit www.128technology.com and follow the company on Twitter, LinkedIn and Facebook.
Media Contacts:
Guyer Group for 128 Technology
Kevin Whalen
[email protected]
Kaz Kuroda
Managing Director APAC, 128 Technology
[email protected]
Photo – https://mma.prnewswire.com/media/1180114/128_Technology.jpg
Related Links :
http://www.128technology.com
Introducing the PCT1 From Xovis – the New Passenger Counting Sensor for Public Transportation With Proven In-house 3D Technology
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ZOLLIKOFEN, Switzerland, June 16, 2020 /PRNewswire/ — Xovis has set itself the task of bringing its expertise into the field of public transport. Packed trains at 8 in the morning and empty platforms at 10 in the evening. According to Xovis, what can seemingly be managed easily with minor tweaks to connections, is in reality linked with complex planning. Their passenger counting technology enables efficient timetabling and traffic concepts in the future.
For operators of public transport, designing timetables is one of the most important and most complex tasks. In doing so, the operating hours, time between connections and routes should not be changed arbitrarily, but ideally based on facts instead.
Xovis has been faced with this issue on many occasions. Since 2008, the Swiss company has been exploring how flows of people can be counted and measured. It has developed a technology that has proven successful.
Christian Studer, Chief Product Officer at Xovis, explains: "When carrying out projects in airports, railway stations, shopping malls and pedestrian zones, public transport links often play a central role. After all, managing the flow of people does not end on the platform. Without reliable technology, it is almost impossible for operators of public transport to assess the dynamics of passenger movements or convert this into usable data."
The newly developed Xovis PCT1 – a sensor for automatic passenger counting – is thus tailored specifically to the transport sector. Using the PCT1, it is now also possible to take advantage of the precision offered by Xovis technology in the public transport sector.
Christian Studer comments as follows: "Our 3D sensors have been used around the world in the most diverse branches for over a decade now. These include airports and retailers, but also stadiums, hotels, office buildings and festivals, all of which rely on our solutions. In public transport, the needs are similar, but the associated requirements and applicable standards are different. We therefore adapted our technology according to these conditions and made it suitable for use on vehicles. This has now all been brought together in the PCT1 – our first passenger counting sensor for vehicles. The sensor meets the strict requirements and standards set out for use in buses and trains. The stringent environmental tests were all passed with flying colors."
Automatic passenger counting is just the beginning. As Studer comments: "From experience, we know that the number of people gives a basis on which to work. However, it’s important to understand the behavior of people as a whole. In public transport, this can be how passengers board and alight at different stops, how bikes or strollers are transported or the topic of accessibility for passengers with disabilities. Classic data collection methods where surveys or observations are made on site are neither precise nor efficient. It’s time for passenger analysis to take the next step forward towards digitization."
Click here for the complete news: https://www.xovis.com/en/xovis-insights/detail/we-introduce-the-pct1-our-new-passenger-counting-sensor-for-public-transportation/
Contact
Xovis
Industriestrasse 1
3052 Zollikofen
Switzerland
+41 32 342 04 70
[email protected]
Media Contact
Andreas Pernter
Managing Director Xovis Transportation
[email protected]
The new Xovis PCT1 sensor for automatic passenger counting in public transportation
Logo: https://mma.prnewswire.com/media/1190871/Xovis_Logo.jpg
Photo: https://mma.prnewswire.com/media/1190872/Productshot_Xovis_PCT1.jpg
PDF:https://mma.prnewswire.com/media/1190873/Xovis_Transportation_PCT1_Sensor_Datasheet.pdf
Chinese online learning platform ClassIn and Sony Global Education team up to develop Japan’s post-pandemic teaching system
BEIJING, June 16, 2020 /PRNewswire/ — EEO (Empower Education Online) and Sony Global Education have formed a strategic alliance that will utilise EEO’s, and the world’s largest interactive online education platform, ClassIn, to build a complete OMO (Online-merge-Offline) teaching framework for Japan’s education system.
With the coronavirus pandemic having stabilized in the country, Japan’s students have been returning to school since early April. Most schools are now reopened.
Yet the sudden school closures announced at the end of February that plunged the country’s schools, teachers, students and their parents into a mad scramble for alternatives, exposed the fact that Japan had fallen behind much of the world in introducing technology into the classroom, regardless of a global reputation for innovation.
Once the restrictions and mass lockdowns intended to stop the spread of Covid-19 began being enforced in China in February, then in Japan, South Korea and other countries, EEO’s online learning platform ClassIn witnessed a sudden explosion in usage and business, as schools clutched at new online solutions to keep children in class.
The number of overseas clients, mostly educational institutions in South-East Asia, doubled following the outbreak, while new business continues to emerge from countries such as Indonesia, Vietnam and Singapore.
ClassIn, with its capacity to be adopted across many different learning environments, is, in fact, tailor-made to a global pandemic.
In a few easy steps, teachers and students are able to set up one-to-many online interactive courses and video communication from a laptop. Thus, it enables schools, even in the midst of a global health crisis, to continue teaching, while at the same time providing students a new experience that will hopefully stimulate and motivate them to learn and communicate more while stuck at home.
Not only that, but teachers and students have been responding increasingly positively to the new online learning format and its fun, functional, and growing, set of interactive tools. The most basic of these include a "raise hand" function for students to answer questions, and ‘trophies’ for teachers to "hand out" to students as a reward for answering or performing well.
Since its establishment in 2014, Beijing-based EEO has served the education market in China and across the world, with Its ClassIn platform, launched the following year, now used by in excess of 20,000 educational institutions across 70 countries, which includes over 12 million students who spend an average of 4.3 hours on the platform per month.
Clients include some of the world’s leading educational companies from both China (New Oriental, TAL Education) and abroad (Udacity, Pearson), while the tertiary sector has also embraced ClassIn, with several world-renowned universities in China (e.g. Peking University, China University of Science of Technology, Shanghai Jiaotong University) and abroad (Roland University and Alcala University) adopting the platform. Meanwhile, EEO has partnered with The British Council.
The company has improved the efficacy of the platform over several interactions based on R&D and feedback from educational institutions.
With schools back, many of them adopting an OMO approach, ClassIn is hosting a maximum number of students per day of 2.6 million, with about 500 institutions coming on board each month.
For its part, Sony, which continues to expand technologies for online learning in partnership with Japan’s government under the national GIGA (Global Information and Governance Academic) School Initiative, believes the platform co-developed with ClassIn can provide Japan the best long-distance learning program in the world, while also helping solve other problems such as lack of access to education or imbalanced teacher resources once the pandemic ends.
Sony and EEO plan for an official platform release this year. Both companies plan to explore more in-depth applications of online education after the pandemic, hoping to establish a bridge between online education industries in China and Japan.
In the meantime, EEO continues to work closely with educational organizations across the globe to reduce the pandemic’s impact on education systems.
Sungrow Smart Energy Virtual Show: a bulk of the latest innovations shine in the marketplace
HEFEI, China, June 15, 2020 /PRNewswire/ — Sungrow, the global leading inverter solution supplier for renewables, is unveiling a variety of the latest PV and energy storage innovations at its Smart Energy Virtual Show taking place on June 15-19. The Company bridges channels between participants and industry professionals from authorities including SPE, EASE, and offers exclusive webinars in terms of niche markets and flagship products, illustrating its determination on technical innovation and expansion of global footprints.
Sungrow Virtual Booth
Beyond a virtual booth, latest product portfolio is starring
The fully-immersive virtual booth keeps everybody safe and healthy given the current coronavirus situation. While the intriguing part of the virtual show is not only the distinctive booth design but a dozen of the latest competitive PV and energy storage product portfolios for utility-scale, commercial and residential applications, Which garnered global unique views of over 10,000 on the first day.
Optimized for utility-scale PV plants, Sungrow is debuting comprehensive solutions ranging from 125kW to 6.25MW, for instance, the SG6250HV-MV turnkey solution, a brand-new 1500V multi-MPPT string inverter SG125HX that is compatible with over 500Wp bifacial modules, the world’s most powerful 1500V string inverter SG250HX and its medium-voltage turnkey station MVS6750-LV which is preassembled for easy O&M.
Featured commercial inverters ranging from 33kW to 110kW and residential inverters available from 2kW to 20kW tailored to distributed generation markets are another eye-catching due to the compact design, high productivities and multiple demand satisfied.
Among others, participants can check out Sungrow all-in-one energy storage systems such as a "3MW-1 Hour" system for utility-scale applications and a "50kW-3 Hour" system for commercial projects, which are fully integrated and of high efficiency and safety.
Outlook from professionals, benefiting your business
Drawing on experience gleaned from both fields of solar and energy storage, an unprecedented lineup of speakers gives impactful insights for participants.
Brittney Elzarei, Policy Manager from EASE (European Association for the Storage of Energy), shared the latest ESS policies in the key European markets and changes amid coronavirus on June 15th, indicating that we can expect strong impetus of energy storage development in Europe as it’s a special drive of the local decarbonization and energy transition.
The Europe market outlook 2020-2024 to be presented by Raffaele Rossi, Policy Analyst at SPE (SolarPower Europe) on June 19th is believed to show in-depth guidance for the foreseeable future.
In addition, Sungrow technical and service team is giving expertise on the latest innovations and specific trainings for installers and distributors.
"It is a pleasure to join this remarkable smart energy virtual show, where I can explore key highlights of cutting-edge new products aired exclusively. I’ve also gained reliable and practical insights from speakers and networking slots without restrictions," commented a participant at the virtual show.
Technical innovations never settle
"We keep exploring on technical innovations and are delighted to roll out the latest PV and ESS solutions in this spectacular way. Indeed, the virtual show illustrates our features and embodies more perspectives from our partners which all participants can reap a lot," said James Wu, Vice President of Sungrow.
Being a leading player with over 100GW deployed around the globe, Sungrow is dedicated to the sustainable development and joined RE100 to affirm the commitment to source 100% renewable electricity by 2028. Sungrow, with 100% bankability, is poised to usher in a new prospect of accelerating its steps in fulfilling its mission of "Clean power for all".
About Sungrow
Sungrow Power Supply Co., Ltd ("Sungrow") is the world’s most bankable inverter brand with over 100 GW installed worldwide as of December 2019. Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters, with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial, and residential applications, as well as internationally recognized floating PV plant solutions. With a strong 23-year track record in the PV space, Sungrow products power installations in over 60 countries, maintaining a worldwide market share of over 15%. Learn more about Sungrow by visiting www.sungrowpower.com.
Photo – https://photos.prnasia.com/prnh/20200615/2830728-1?lang=0
Related Links :
http://www.sungrowpower.com
58.com Enters into a Definitive Agreement for Going-Private Transaction
BEIJING, June 15, 2020 /PRNewswire/ — 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China’s largest online classifieds marketplace, today announced that it has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with Quantum Bloom Group Ltd, an exempted company with limited liability incorporated under the law of the Cayman Islands ("Parent") and Quantum Bloom Company Ltd, an exempted company with limited liability incorporated under the law of the Cayman Islands and a wholly-owned subsidiary of Parent ("Merger Sub"), pursuant to which, and subject to the terms and conditions thereof, Merger Sub will merge with and into the Company with the Company being the surviving company and becoming a wholly-owned subsidiary of Parent (the "Merger"), in a transaction implying an equity value of the Company of approximately US$8.7 billion in which the Company will be acquired by a consortium of investors (the "Consortium").
Pursuant to the terms of the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each Class A ordinary share, par value US$0.00001 per share, of the Company (each, a "Class A Ordinary Share," together with each Class B ordinary share, par value US$0.00001 per share, of the Company, each a "Share") issued, outstanding and not represented by American depositary shares of the Company (each, an "ADS," representing two Class A Ordinary Shares) immediately prior to the Effective Time, other than the Excluded Shares and the Dissenting Shares (each as defined in the Merger Agreement), will be cancelled and cease to exist, in exchange for the right to receive US$28.00 in cash without interest, and each outstanding ADS, other than the ADSs representing the Excluded Shares, together with each Share represented by such ADSs, will be cancelled in exchange for the right to receive US$56.00 in cash without interest (the "Merger Consideration").
At the Effective Time, each (i) option to purchase Shares that shall have become vested or is expected to vest on or prior to December 31, 2020 and remains outstanding on the closing date of the Merger (the "Vested Company Option") will be cancelled, and each holder of a Vested Company Option will have the right to receive an amount in cash determined by multiplying (x) the excess, if any, of US$28.00 over the applicable exercise price of such Vested Company Option by (y) the number of Class A Ordinary Shares underlying such Vested Company Option; (ii) option to purchase Shares which is not a Vested Company Option (the "Unvested Company Option") will be cancelled in exchange for an employee incentive award pursuant to terms and conditions to be determined by Parent in accordance with the Company’s 2010 Stock Option Plan and 2013 Share Incentive Plan collectively, each as amended and restated (the "Company Share Plans") and the award agreement with respect to such Unvested Company Option; (iii) restricted share unit that shall have become vested or is expected to vest on or prior to December 31, 2020 and remains outstanding on the closing date of the Merger (the "Vested Company RSU") will be cancelled, and each holder of a Vested Company RSU will have the right to receive an amount in cash determined by multiplying (x) US$28.00 by (y) the number of Class A Ordinary Shares underlying such Vested Company RSU; and (iv) restricted share unit which is not a Vested Company RSU (the "Unvested Company RSU") will be cancelled in exchange for an employee incentive award pursuant to terms and conditions to be determined by Parent in accordance with the Company Share Plans and the award agreement with respect to such Unvested Company RSU.
The Merger Consideration represents a premium of 19.9% to the closing price of the Company’s ADSs on April 1, 2020, the last trading day prior to the Company’s announcement of its receipt of the original "going-private" proposal, and a premium of 19.2% to the volume-weighted average closing price of the Company’s ADSs during the last 15 calendar days prior to its receipt of the original "going-private" proposal.
The Consortium includes Warburg Pincus Asia LLC (together with its affiliated investment entities, "Warburg Pincus"), General Atlantic Singapore Fund Pte. Ltd. (together with its affiliated investment entities, "General Atlantic"), Ocean Link Partners Limited (together with its affiliated investment entities, "Ocean Link"), Mr. Jinbo Yao, chairman of the board of directors (the "Board") and Chief Executive Officer of the Company, and Internet Opportunity Fund LP, an entity controlled by Mr. Jinbo Yao.
The Consortium intends to fund the Merger through a combination of, cash contributions from the investors pursuant to equity commitment letters, rollover equity contributions from certain shareholders of the Company, and the proceeds from certain committed term loan facilities in an aggregate amount up to US$3,500,000,000 from Shanghai Pudong Development Bank Co., Ltd. Shanghai Branch and additional arrangers and underwriters to be appointed by the Consortium.
The Company’s Board, acting upon the unanimous recommendation of a committee of independent and disinterested directors established by the Board (the "Special Committee"), approved the Merger Agreement and the Merger. The Special Committee negotiated the terms of the Merger Agreement with the assistance of its independent financial and legal advisors.
The Merger, which is currently expected to close during the second half of 2020, is subject to customary closing conditions including the approval of the Merger Agreement by an affirmative vote of holders of Shares representing at least two-thirds of the voting power of the Shares present and voting in person or by proxy as a single class at a meeting of the Company’s shareholders which will be convened to consider the approval of the Merger Agreement and the Merger. Mr. Jinbo Yao (together with an entity through which Mr. Yao beneficially owns Shares) and General Atlantic Singapore 58 Pte. Ltd. have agreed to vote all of the Shares and ADSs they beneficially own, which represent approximately 44% of the voting rights attached to the total outstanding Shares of the Company as of the date of the Merger Agreement, in favor of the authorization and approval of the Merger Agreement and the Merger. If completed, the Merger will result in the Company becoming a privately-held company and its ADSs will no longer be listed on the New York Stock Exchange.
Houlihan Lokey (China) Limited is serving as financial advisor to the Special Committee; Fenwick & West LLP is serving as U.S. legal counsel to the Special Committee; Skadden, Arps, Slate, Meagher & Flom LLP is serving as U.S. legal counsel to the Company; Han Kun Law Offices is serving as PRC legal counsel to the Company; and Conyers Dill & Pearman is serving as Cayman Islands legal counsel to the Company.
Wilson Sonsini Goodrich & Rosati, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Kirkland & Ellis LLP and Weil, Gotshal & Manges LLP are serving as international co-counsels to the Consortium. Fangda Partners is serving as PRC legal counsel to the Consortium. Maples and Calder (Hong Kong) LLP is serving as Cayman Islands legal counsel to the Consortium.
Additional Information About the Merger
The Company will furnish to the U.S. Securities and Exchange Commission (the "SEC") a current report on Form 6-K regarding the Merger, which will include as an exhibit thereto the Merger Agreement. All parties desiring details regarding the Merger are urged to review these documents, which will be available at the SEC’s website (http://www.sec.gov).
In connection with the Merger, the Company will prepare and mail a Schedule 13E-3 Transaction Statement (the "Schedule 13E-3"). The Schedule 13E-3 will be filed with the SEC. INVESTORS AND SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE SCHEDULE 13E-3 AND OTHER MATERIALS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE MERGER, AND RELATED MATTERS. In addition to receiving the Schedule 13E-3 by mail, shareholders also will be able to obtain these documents, as well as other filings containing information about the Company, the Merger, and related matters, without charge from the SEC’s website (http://www.sec.gov).
About 58.com Inc.
58.com Inc. (NYSE: WUBA) operates China’s largest online classifieds marketplace, as measured by monthly unique visitors on both its www.58.com website and mobile applications. The Company’s online marketplace enables local business users and consumer users to connect, share information and conduct business. 58.com’s broad, in-depth and high-quality local information, combined with its easy-to-use website and mobile applications, has made it a trusted marketplace for consumers. 58.com’s strong brand recognition, large and growing user base, merchant network and massive database of local information create a powerful network effect. For more information on 58.com, please visit http://www.58.com.
Safe Harbor Statements
This press release contains forward-looking statements 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. Any statements that are not historical facts, including statements about 58.com’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: uncertainties as to how the Company’s shareholders will vote at the meeting of shareholders; the possibility that competing offers will be made; the possibility that financing may not be available; the possibility that various closing conditions for the transaction may not be satisfied or waived; and other risks and uncertainties discussed in documents filed with the SEC by the Company, as well as the Schedule 13E-3 transaction statement and the proxy statement to be filed by the Company. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is current as of the date of the press release, and 58.com does not undertake any obligation to update such information, except as required under applicable law.
For more information, please contact:
58.com Inc.
[email protected]
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: [email protected]
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
E-mail: [email protected]
Related Links :
http://www.58.com
Less Weight, More Power – the ASUS ExpertBook B9 is here for MYR 6,299!
ASUS releases the ASUS ExpertBook B9, the lightest notebook PC made to take care of business with Intel Core vPro from MYR 6,299 onward!
PolyU collaborates with Macau University of Science and Technology to advance diagnosis of COVID-19 pneumonia
HONG KONG, June 15, 2020 /PRNewswire/ — COVID-19 is taking its toll on the world, affecting more than 200 countries and regions. In the face of a surge in cases, rapid diagnosis and identification of high-risk patients for early intervention is crucial for controlling the pandemic. The Hong Kong Polytechnic University (PolyU) is committed to the fight against COVID-19 and has been collaborating with various partners in the prevention and control of the disease. PolyU today announced the launch of a new AI system jointly developed with the Macau University of Science and Technology (M.U.S.T.) in conjunction with other Chinese institutions, to assist in the rapid diagnosis of COVID-19 pneumonia. This research was published in the prestigious international journal Cell, in a paper entitled "Clinically Applicable AI System for Accurate Diagnosis, Quantitative Measurements, and Prognosis of COVID-19 Pneumonia Using Computed Tomography" (link).
(From left) Dr Johnson LAU, Adjunct Professor of the Department of Applied Biology and Chemical Technology of PolyU; Prof. Manson FOK, Faculty of Medicine of Macau University of Science and Technology (M.U.S.T.); Prof. Alexander WAI, Deputy President and Provost of PolyU; and Prof. Kang ZHANG, Faculty of Medicine of M.U.S.T. introduce a new AI system for rapid and accurate diagnosis of COVID-19 pneumonia.
The novel AI-assisted diagnostic system, based on computed tomography (CT) chest imaging, can efficiently distinguish COVID-19 pneumonia from other viral pneumonia, and predict the severity level in 20 seconds, with an accuracy of up to 90% or above. It assists radiologists and physicians in performing a quick diagnosis, especially when the health system is overloaded.
According to Professor Kang ZHANG of the Faculty of Medicine of M.U.S.T. — the first author of the research paper, the research team used a large CT database of 3,777 patients to train and test the AI system to differentiate novel coronavirus pneumonia (NCP) from other common pneumonia and normal controls. This system is able to provide accurate clinical prognosis that can aid clinicians when considering appropriate early clinical management and appropriate resource allocation. It has been developed to assist global clinicians in combating COVID-19.
Dr Johnson LAU, Adjunct Professor of the Department of Applied Biology and Chemical Technology of PolyU, explained that the AI team uses deep learning, semantic segmentation and multiple neural network architectures to create an accurate AI diagnostic system comprising texture analysis, quantitative measurements and diagnosis classification. In addition, based on the international standard for related research on lung lesions, lung, liver damage and relevant clinical indicators, they have also developed a comprehensive rating system to project the emergence of pneumonia severe lesions accurately for the follow-up treatment.
The scientists from PolyU and M.U.S.T. have also collaborated on other projects, including the seroconversion study in SARS-CoV-2 (COVID-19) patients in China, which helped pave the way for further diagnostic and therapeutic development to treat SARS-CoV-2. The study "Seroprevalence of immunoglobulin M and G antibodies against SARS-CoV-2 in China" was also recently published in another prestigious scientific journal Nature Medicine (link).
"Leveraging PolyU’s strengths and our collaborations with different research partners, we are able to contribute to the well-being of humankind. During the outbreak, we have developed a rapid automated diagnostic system to detect COVID-19 and have conducted various scientific experiments related to the pandemic," said Professor Alexander WAI, Deputy President and Provost of PolyU. "Since the establishment of the biotechnology and translational medicine international collaborative platform in 2018, PolyU has been working closely with M.U.S.T. and other partners from the United States and the Greater Bay Area for high-impact research. Our long-term cooperation has paved the way for us to respond quickly, and to use our expertise to develop this new AI system for the diagnosis and prognosis of COVID-19."
Professor Manson FOK, Dean of the Faculty of Medicine of M.U.S.T., remarked that this AI system had been implemented in many hospitals in different countries. M.U.S.T. is collaborating with several prominent universities including Baylor University, University of Buffalo and Stanford University to serve the US populations. He believed this application could soon be adopted in Hong Kong, more regions of Mainland China and worldwide.
COVID-19 is a new and highly contagious virus with over 7 million people infected (as of June 10). Researchers from PolyU and M.U.S.T. with their supportive partners will continue their efforts in COVID-19 research to use scientific technologies to combat this pandemic through prevention, diagnosis, treatment and control.
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http://www.polyu.edu.hk/htm/
Value Xd Changes the Face of Impact Investing With the Launch of Value Xd Impact Platform
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Firm has created the first analytical ecosystem for sustainable impact investment
EXETER, England, June 15, 2020 /PRNewswire/ — Value Xd, the cutting edge and unique cloud-based analytics platform with analytical technology that reinterprets and covers the entire value chain, has today announced the launch of Value Xd Impact – the world’s first analytical ecosystem for sustainable impact investing at the Responsible Investor Digital Festival.
Armen Papazian, Founder and Chief Executive, Value Xd
Dr Armen Papazian, Founder and Chief Executive, Value Xd: "Since the Paris Climate Agreement in 2016 and the conception of the UN Sustainable Development Goals investors have been tasked with aligning their investments with these new targets and objectives. As such, they need flexible and efficient platforms to achieve this, which is why we developed a private analytical ecosystem dedicated to impact investing. The time is now to try and stem the effects of climate change for future generations, and Value Xd Impact can play an integral role."
This groundbreaking platform provides investors with unique modules that create the ability to design their impact responsibly. Value Xd Impact reinterprets the analytical value chain, allowing investors to transfer their ESG and sustainability values to analytical tools in order to maximise their impact and help them deliver on their responsibilities. By doing so, it creates greater efficiency, transparency and effectiveness for investors.
Data is the raw material in all analytical projects; equations and algorithms are the analytical actions that are applied to data, with the outputs then used to make decisions in business and finance. However, in the most commonly used analytics software, equations sit behind the raw material, creating a fundamental architectural issue. Value Xd’s platforms are game changers because the equations sit above and in front of the raw material, as universal abstract tools that can be applied and shared globally at any time. Furthermore, equations on the Value Xd platform are always written in mathematical language, and not coder invented abbreviations. Value Xd Impact breaks the boundaries of responsible, sustainable impact investing and takes it to the next level.
Alex Grigoryan, Founder and Chief Technology Officer, Value Xd: "The technology we have developed is unique and unparalleled. Through innovative coding work, we transformed many of the elements of analytical modelling and presentation, introducing flow and efficiency where there was only tediousness, providing a unique user experience that makes analytics more effective."
Value Xd Impact also provides the user a diverse set of pre-designed and pre-assembled tools. These are offered through the Add-On library which is a living library of downloadable and applicable models serving a specific analytical purpose. These Add-Ons cover a wide variety of topics and fields, relevant to investors and their investee companies, including conventional and commonly used tools along with other new and more holistic ones, such as space value optimisation and other emissions calculators and projectors.
Papazian concludes: "The Covid-19 pandemic has triggered an intense stage in the already ongoing process of digital transformation. What makes this phase very special is that this digital deepening is accompanied by a change of mantra, forcing a radical change in philosophy and approach. From a world that was often driven to compete, we now find ourselves in a world keen to collaborate.
"Indeed, this change of attitude was a critical requirement for our global response to climate change. In this new chapter, technology has become a central conduit of trust, and a cornerstone for value creation, sharing and exchange. Value Xd Impact is designed as an analytical ecosystem for sustainable impact investing, a universe that facilitates and enhances the creation and sharing of analytical intelligence on a global scale."
Click here for a virtual tour of Value Xd Impact
About Value Xd:
Value Xd Ltd is a UK HQ-ed and registered cloud-based analytics platform provider. Value Xd was recently listed as one of the Top 33 Tech Start-ups in the UK by Tech Nation and was ranked 14th in the South West Tech Innovation rankings by Business Cloud.
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