Monthly Archives: October 2020

PR Newswire

Yeahka’s Consumer Cloud Platform Listed as Registered Blockchain Information Service Provider by CAC to Explore Blockchain Application for Coupons

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SHENZHEN, China, Oct. 31, 2020 — YEAHKA LIMITED ("Yeahka" or the "Company", stock code: 9923.HK), a leading technology platform in China, announced that its proprietary consumer cloud and blockchain-powered coupon platform (the "Consumer Cloud Platform") has been included in the fourth set of blockchain information service providers released on 30th by the Cyberspace Administration of China (CAC).

Yeahka’s Consumer Cloud Platform aims to provide merchants with solutions for store management and traffic-driving customer acquisition. So far, the platform has served almost 20,000 merchants to date, of which the majority issue coupons with the main product "YueHuiQuan" on consumer cloud platform and develop their own private traffic are restaurants, and snack and beverage vendors.

In terms of specific applications, any coupon transaction that takes place on the Consumer Cloud Platform can be traced, which allows coupons to be securely and reliably traded and regifted. Leveraging the data immutability of blockchain, the Consumer Cloud Platform creates a trusted and standalone network that operates independently of any third parties. It also makes it easier for the government to track the creditworthiness of merchants, manage commercial services, and protect consumer rights.

On January 10, 2019, the CAC published the Administrative Provisions on Blockchain Information Services, which became effective on February 15, 2019. As of today, the Internet regulator has released four sets of domestic blockchain service providers, involving a total of 1015 companies and projects. The compliance document of service providers aims to provide an effective legal basis for the provision, use, and management of blockchain information services.

Companies named so far have included major Chinese Internet giants, such as Tencent (00700.HK), Alibaba (9988.HK), Baidu (BIDU.US) and JD.com (JD.US), which indicates that blockchain technology will be applied to a wide range of situations and sectors.

Through the Consumer Cloud Platform, Yeahka will further explore its potential of applying blockchain technology to specific applications involving coupons. While optimizing the experience for both merchants and consumers, the Company will enhance its data analysis capabilities around private traffic and operations of coupons to optimize marketing efforts and boost the business growth for merchants.

About YEAHKA LIMITED (9923.HK)
YEAHKA LIMITED ("Yeahka" or the "Company") is a leading payment-based technology platform in China providing payment and technology-enabled business services to merchants and consumers. According to Oliver Wyman, we are the second largest non-bank independent QR code payment service provider in China, with approximately 14.0% market share in terms of transaction count in 2019. The Company’s value proposition is a cohesive ecosystem that enables seamless, convenient and reliable payment transactions between merchants and consumers, and leveraging its vast customer base and data assets accumulated from payment services, to further offer a rich variety of technology-enabled business services, including (i) merchant SaaS products, which help customers improve their operational efficiency, (ii) marketing services, allowing customers to effectively reach their target markets, and (iii) fintech services, which cater to customers’ financial needs.

PR Newswire

Thundercomm Brings Strong 5G Line-up to Japan IT Week Autumn

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MAKUHARI, Japan, Oct. 31, 2020 — Thundercomm, a world-leading IoT product and solution provider, takes part in the 11th Japan IT Week Autumn to demonstrate its strengths in developing products and solutions for smart city, smart industry, smart home, and smart vehicles with its advanced 5G, AI, and edge computing technologies.

The cutting-edge 5G products and solutions

The rapid development of 5G technologies is inaugurating a new era that features a potential market. Thundercomm is far-sighted enough to have had its 5G deployment since the early days of this emerging technology. So far, the company has achieved splendid outcomes, including TurboX™ T55 SOM, TurboX™ T55 Development Kit, 5G MiFi, and 5G CPE solutions, etc.

The TurboX™ T55 series SOM integrates Qualcomm’s Snapdragon X55 5G modem-RF system, so that it can support both 5G Sub-6 GHz and mmWave bands, as well as SA and NSA modes. It also has rich variants of LGA and M.2 form factors. The integrated GNSS receiver can support GPS/GLONASS/BeiDou/Galileo/QZSS with dual L1 and L5 bands.

TurboX™ T55 DK based on T55 SOM, can support various connections with the Host AP such as Wi-Fi 6 (by QCA6391), 1GbE port and USB 3.1Type-C. The development kit running on Linux contains various interfaces that can connect with Windows, Android, or Ubuntu Operation System.

Thundercomm 5G offerings can be widely applied in fields such as VR/AR, V2X, intelligent manufacturing, intelligent energy, telemedicine, wireless entertainment, drone, personal AI assistant, and smart city. On top of that, Thundercomm also provides customized services covering product designing, developing, and testing to help clients accelerate the commercialization of their 5G Products.

The widespread deployment of 5G mobile networks accelerates the adoption of augmented and virtual reality as well as robotics. At this trade show, Thundercomm also demonstrates compelling XR and robot customer use cases built on Thundercomm solutions.

The amazing robot and XR technologies

Thundercomm has profound experience and expertise in the IoT field. Based on Qualcomm RB3 and RB5 robotics platform, Thundercomm has developed extensive applications to empower developers and manufacturers to create the next generation of high-compute, low-power robots and drones for the consumers, enterprises, defense, industrial and professional service sectors. Thanks to its long-making efforts in the field, Thundercomm is highly phrased by its clients and has conducted strategic cooperations with many famous tech companies such as OrionStar and SIASUN.

Two appealing XR products are displayed at Thundercomm’s booth as well. They are TurboX™ XR based VUZIX AR remote cooperation glasses and Lenovo Thinkreality A6, which represent Thundercomm’s capabilities in the field, that have been proved by dozens of clients globally.

Combined with the 5G communication module TurboX™ T55, Thundercomm has built a complete 5G + XR/robotics solutions with strong performance and connectivity. Thundercomm can support their customers in multiple technical fields covering from dedicated product development to 5G connection, to quickly verify product concepts and accelerate product mass production.

About Thundercomm

Thundercomm, headquartered in San Diego, is a joint venture between ThunderSoft and Qualcomm. Thundercomm was established to accelerate innovation in the Internet of Things and automotive industry, providing one-stop solutions powered by Qualcomm Technologies. Through its capabilities in operating systems including Android, Linux, and others, abroad software and on-device AI technology portfolio acquired from ThunderSoft, and a global sales and support network, Thundercomm is a valuable and trusted partner to global customers aiming to build high-quality, next-generation products and shorten time-to-commercialization. Learn more at www.thundercomm.com

Related Links :

http://www.thundercomm.com

PR Newswire

Exchange between ChantsWood (Beijing) Information Technology Co., Ltd. and ZHOU Qian, Renowned Chinese Expert on Electric Power Communication

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BEIJING, Oct. 31, 2020 — ChantsWood (Beijing) Information Technology Co., Ltd. has recently cordially invited Ms. ZHOU Qian, renowned Chinese expert in electric power communication, for an in-depth dialogue on the Trend of Electric Power Development in the Future.

In October 2020, Ms. ZHOU has become a member of Institute of Electrical and Electronics Engineers (IEEE).

As the largest non-profit professional technical association in the world, IEEE engages in the research and development in electric, electronic, computer engineering and science-related fields. Setting over 900 industrial standards in terms of aerospace, information technology, electric power and consumer electronics, IEEE finds its way to becoming an influential international academic organization.

Ms. ZHOU Qian, a senior engineer with rich experience in electric power communication, believes that development of smart grid cannot be separated from support of high-efficient electric power communication network. In the future, communication development shall promote update of cloud, service-oriented and open-ended IT framework. It should also connect production, flow, distribution and consumption of energy industry based on flexible and high-elastic cloud platform to support reliable and safe operation of grid business application and various kinds of platforms and realize connection and integration with the national industrial internet platform.

Moreover, the application of the Internet of Things technology in smart grid will enhance overall perceptions of power production scheduling, support reliable, efficient and safe operation of smart grid, promote intellectualization of operating management, and enable big data analysis and artificial intelligence application. The construction of smart grid relies on the development of a communication network that has broadband, high-reliability, low-latency, wide-coverage, flexible terminal access and two-way interaction ability.

Lastly, in China’s next five-year plan, digital transformation on the power system will strengthen research and application of new technologies, including cloud computing, big data, artificial intelligence, mobile application and 5G communication. Meanwhile, it proposes a higher standard of power grid for safeguarding network information.

Ms. ZHOU said, "It’s a great honor to become a member of Institute of Electrical and Electronics Engineers, and invited to the webinar with ChantsWood (Beijing) Information Technology Co., Ltd.. I hope to strengthen communications with industry participants in future and jointly promote the development of power communication industry."

ChantsWood (Beijing) Information Technology Co., Ltd. specializes in information technology services. The company offers professional service based on customers’ personalized demands. Relying on professional team, advanced technology and superior service, the company won Jinzun Award- Top 10 Innovative Brands of Chinese Good Companies in 2019 and paved it way to becoming the benchmark enterprise in the field.

About ChantsWood (Beijing) Information Technology Co., Ltd. 

ChantsWood (Beijing) Information Technology Co., Ltd. provides customized new-generation of IT infrastructure solutions to customers by combining professional solutions in the fields of information safety, cooperative communication and IT service management with its leading fusion system, virtualization and software definition technologies.

Thanks to years of experience in system integration and professional service, as well as a broad customer base in the fields of finance, telecommunication, manufacturing, energy, traffic, logistics, media and healthcare, the company enjoys a wide business and service network throughout the mainland of China, and constantly maintains rapid and steady business growth since its establishment.


Biography of ZHOU Qian

Ms. ZHOU Qian has been working in Guizhou Power Grid Corp. since 1991 her participation in the field of electric power communication. Many of the research projects and papers she participated in have received provincial and ministerial awards. Her papers have been published in state key journals and won key prizes.

  • "Brief Discussion about Establishing Corporate Management Information System and Electric Power Administration, and Dispatching Telephone Computer Management of Guizhou." Published in Supplement of Guizhou Electric Power Technology, 1999.
  • "Discussion about the Call Center and Its Relevant Technologies", published in Guizhou Electric Power Technology Issue No.6, 2001. The paper was awarded the first prize of 2000 Guizhou Power Grid Communication Papers Evaluation by Guizhou Electric Power Dispatching and Communication Bureau and Guizhou Society of Electrical Engineering and included in 2000 Guizhou Society of Electrical Engineering Excellent Proceedings.
  • "The Constructing Experience of Guizhou Electric Power Dispatching and Exchanging Network Platform." Published in Telecommunications for Electric Power System Issue No.12, 2004.
  • "Administrative Switching Network and Dispatch Switching Network — Q Signaling Is Used to Connect Two Switching Platforms." Published in Guizhou Electric Power Technology, Issue No.9 in 2006.
  • "Realization of Emergency Protection of Guizhou Electric Power Dispatching Telephone During Ice Disaster." Published in the supplement 1 of Guizhou Electric Power Technology in 2008. It was awarded the Third Prize of Guizhou Power Grid Anti-ice and Power Protection Technology Forum issued by Guizhou Society of Electrical Engineering and included in the 2008 Excellent Proceedings of Anti-ice and Power Protection.
  • "Discussion on Construction of Guizhou Electric Power Dispatching and Switching Network after Ice Disaster." Published in Guizhou Electric Power Technology 2008 Supplement 2. The paper was awarded the Second Prize of Anti-ice and Power Protection Essay by Guizhou Electric Power Information Communication Co., Ltd., and included in the Proceedings of the Tenth Youth Academic Conference of Chinese Society for Electrical Engineering.
  • "Discussion on the Construction Thought of the New Generation Guizhou Electric Power Administration Switching Network" won the Second Prize of Anti-ice and Power Protection Essay by Guizhou Electric Power Information Communication Co., Ltd.
  • "VoIP in Guizhou Power Dispatch Communications in Construction" was included in Proceedings of the 2010 Annual Meeting of Chinese Society for Electrical Engineering.
  • "Upgrading and Reconstruction of Power Dispatch Switching Network Based on VoIP." Published in Electric Power Issue No.8, 2011. It was included in Proceedings of 2011 National Electric Power Enterprise Informatization Conference.
  • "The Application of VoIP Technology in Power Dispatch Communication Network" was included in Proceedings of the 2nd China Power Grid Dispatching Intelligent Development Summit.

In 2018，Ms. ZHOU published two EI papers, namely "Parallel Deblocking Filtering Algorithm On GPU" (EC3010) and "A Novel Real-Time Video Mosaic Block Detection Based On Intensity Order and Shape Feature" (EC3011) in Tenth International Conference on Digital Image Processing (ICDIP 2018) Volume 10806.

A book titled Research and Application of Power Communication Technology (ISBN 978-7-115-52167-5), published in Oct. 2019 contains Ms. ZHOU’s new paper—"Research on Application of Service Quality Evaluation System in Power Video Communication Support System".

PR Newswire

MingZhu Logistics Holdings Limited Announces Partial Exercise of Underwriter’s Over-Allotment Option

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SHENZHEN, China, Oct. 31, 2020 — MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), a China-based trucking services provider, today announced that ViewTrade Securities, Inc., who acted as the underwriter and sole book-runner of the Company’s underwritten initial public offering ("IPO"), has exercised the partial over-allotment option and purchased an additional 350,000 ordinary shares of the Company at the IPO price of $4.00 per share. As a result, the Company has raised $13,400,000 in gross proceeds, before underwriting discounts and commissions and offering expenses, through the issuance of a total of 3,350,000 common shares in the IPO.

A registration statement relating to the securities being sold in this offering was declared effective by the Securities and Exchange Commission (SEC) on September 30, 2020. The offering of these securities was made only by means of a prospectus, forming a part of the registration statement. A copy of the final prospectus related to the offering may be obtained, when available, from ViewTrade Securities, via email: IB@Viewtrade.com or standard mail at ViewTrade Securities, 7280 W Palmetto Park Rd, #310, Boca Raton, FL 33433, Attn: Prospectus Department. In addition, a copy of the final prospectus relating to the offering may be obtained via the SEC’s website at www.sec.gov.

About MingZhu Logistics Holdings Limited

Founded in 2002 and Headquartered in Shenzhen, China, MingZhu is 3A-grade trucking services provider, offering both network density and broad geographic coverage to meet customers’ diverse transportation needs. The Company operates two regional terminals in Guangdong Province and Xinjiang Autonomous Region, respectively, with a mix of self-own fleets of tractors and trailers and subcontractors’ fleets. More information about MingZhu can be found at: www.szygmz.com/en/

About ViewTrade Securities Inc.

ViewTrade Securities Inc. ("ViewTrade Securities"), is a global provider of brokerage, investment banking, corporate, advisory and trading platform services.

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 trucking 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.  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:
Dennis Tan
Email: company@szygmz.com
Phone: (+86) 150-1854-1833

Investor Relations:
Sherry Zheng
Email: shunyu.zheng@weitian-ir.com
Phone: (+1) 718-213-7386

Related Links :

http://www.szygmz.com/en/

PR Newswire

Wondershare EdrawMax: Major Update Includes Template Gallery and More

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Wondershare EdrawMax is a diagramming tool you can use to visualize ideas faster with more collaboration from team.

VANCOUVER, B.C, Oct. 31, 2020 — Wondershare EdrawMax has released an updated version with several advanced features. One of the biggest changes is the new Template Gallery which will allow users to share  diagrams and learn from team members and other professionals. After updating users will also have access to a formula editor, an upgraded symbol library editor, and other new design features.

 

EdrawMax has been around for 16 years and is considered an ideal cross-platform diagramming tool for Windows, Mac, and Linux. There is even a web-based platform for users who prefer to work online. The application can be used to create over 280 different types of diagrams such as flowcharts, organizational charts, Gantt charts, UML models, ERDs, genograms, floor plans, and more. It is the best beginner-friendly Visio alternative and allows the importing of Visio files.

"The updated EdrawMax 10.1.4 has an intuitive design that makes it easier than ever to make high quality diagrams. We have also included a Template Gallery, letting our users share their designs and experience," says Edwin Wang, product director of Wondershare Edraw. "Now, users just have to create one account to access EdrawMax on Windows, Mac, Linux or the web-based online platform."

Updates include:

  • EdrawMax Template Gallery: thousands of templates and designs sorted into explorable categories. Share your diagrams and get inspired.
  • One account for all platforms: a single EdrawMax account gives you access to both the desktop application and the web-based tool.
  • Formula editor: a built-in formula editor you can use to insert equations and formulas into your diagrams.
  • Customize symbols and libraries: there have been several updates to the library including numerous symbols and designs. Create professional diagrams in less time.
  • New themes and designs: there are 20 new themes and 10 new color schemes. Easily customize your diagrams.
  • Import VSSX: improved importing for Visio files and importing of VSSX files (Visio Stencil files).

Pricing and Compatibility

Wondershare EdrawMax is available for Windows, Mac, Linux and as a web-based online platform. It is priced at $245 USD for a lifetime plan or $99 USD for one year. English, French, German, Japanese, Chinese and Spanish versions are all available.

For all the latest EdrawMax news and updates, visit edrawsoft.com/edraw-max/ or follow us on YouTube, Instagram, Facebook and Twitter.

YouTube Video: https://youtu.be/neTfPiHhee8 

About Wondershare

Founded in 2003, Wondershare is a global leader in software development and a pioneer in the field of digital creativity. With powerful technology, the solutions we provide are simple and convenient, making Wondershare trusted by millions of people in more than 150 countries worldwide. We help our users pursue their passions so that, together, we can build a more creative world. www.wondershare.com

Related Links :

http://www.wondershare.com

PR Newswire

Wondershare MindMaster: Get Better Ideas

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The latest version of Wondershare’s user friendly mind mapping software has been released with advanced community, utility, and Gantt chart features as well as better security.

VANCOUVER, BC, Oct. 31, 2020 — Wondershare MindMaster announces new utility and community features with its latest update. Whether you’re an executive, a researcher, or even a student you’ll be able to jump into MindMaster and start structuring your ideas – which will make it easier for you to start generating more. MindMaster’s major improvements include community integration, multiple pages, file encryption, a formula editor, and more import options from programs like Microsoft Word.

 

"MindMaster is a powerful mind mapping tool for almost any platform from Windows to iOS to Linux. The newly updated user community encourages you to share your mind maps so everyone can be inspired by others’ ideas and work," says Edwin Wang, Product Director of Wondershare MindMaster. "After conducting numerous tests and revisions, we finally came up with an improved interface for MindMaster that’s easy for anyone to use."

Features of Wondershare MindMaster include:

  • MindMaster Mind Map Community: share mind maps and get inspired by other community members working in your field. Access thousands of mind maps sorted by category.
  • Improved UI: the brand-new interface features an intuitive design that allows you to focus on your ideas.
  • Multi-page option: add multiple pages in a single file and switch between them easily.
  • Export as Gantt chart: create a Gantt chart with a single click and export it to PDF.
  • Word to mind map: generate a mind map by importing a document from Microsoft Word.
  • Encrypt files: encrypt files and secure them with password protection.
  • Presentation editor: change the names of slides or delete slides.
  • Formula editor: insert Math and Physics equations directly into mind maps.

Pricing and Compatibility

Wondershare MindMaster is available for Windows, Mac, Linux, Android, iOS and as a web-based platform. It is priced at $59 USD for an annual plan and $145 USD for a lifetime plan (limited time offer).

For all the latest MindMaster news and updates, visit edrawsoft.com/mindmaster/ or follow us on YouTube, Instagram, Facebook and Twitter.

YouTube Video: https://youtu.be/IUjltp8a8OI 

About Wondershare

Founded in 2003, Wondershare is a global leader in software development and a pioneer in the field of digital creativity. With powerful technology, the solutions we provide are simple and convenient, making Wondershare trusted by millions of people in more than 150 countries worldwide. We help our users pursue their passions so that, together, we can build a more creative world. www.wondershare.com    

Media Contact
ellenc@wondershare.com

Related Links :

http://www.wondershare.com

PR Newswire

Wondershare VidAir: Better Video Marketing for Business

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VANCOUVER, BC, Oct. 30, 2020 — Wondershare has launched a new online marketing tool and video editor designed to make video marketing easier on small businesses: Wondershare VidAir. VidAir is a video creation platform with templates, free resources, and easy-to-use editing functions. Creating video content for your marketing campaigns has never been easier.

Now you can easily create high-quality marketing videos for your business with VidAir online video maker.

Wondershare VidAir: Better Video Marketing for Business
Wondershare VidAir: Better Video Marketing for Business

Video has become an essential part of content marketing because of its potential for reach and engagement. Making an attractive marketing video usually takes a lot of time and energy. Creating high-quality marketing videos quickly on a budget has become the key to success for many small to medium sized businesses.

"VidAir is easy to use and affordable. You pay 90% less with us than our with our competitors, and the videos you make will be high quality," said Kevin Yong, Product Director of Wondershare VidAir. "To speed up and simplify video creation, VidAir includes a lot of templates and resources like stock footage, text effects, music, and photos. You can create a professional promotional video minutes."

VidAir’s Key Features

  1. Creative video templates: there are templates for a variety of themes like beauty, fashion, food, tourism, gaming, real estate, and more.
  2. Built-In resources: over 10,000+ resources are included such as video clips and photos.
  3. Customizable text effects: customized the size, font, and color of your text to make your brand stand out.
  4. User-friendly interface: it is easy for anyone to get started, even if you’ve never made a video before.

Price and Compatibility

VidAir is available on Chrome, Safari, and Firefox browsers. The price is $9.99 USD/month or $5.99 USD/month for the annual plan.

Find more details here: https://vidair.wondershare.com/

For all the latest VidAir news and updates, follow us on Facebook and Instagram.

About Wondershare:

Founded in 2003, Wondershare is a global leader in software development and a pioneer in the field of digital creativity. Our technology is powerful, and the solutions we provide are simple and convenient. That’s why we’re trusted by millions of people in over 150 countries worldwide. We help our users pursue their passions so that, together, we can build a more creative world.  

www.wondershare.com

Media Contact
Ellen Cheng
Wondershare
ellenc@wondershare.com

Related Links :

https://vidair.wondershare.com/

http://www.wondershare.com

PR Newswire

‘Dual circulation’: A crucial step for China’s economic development in new era

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BEIJING, Oct. 30, 2020 — A news report by China.org.cn on the 5th plenary session of the 19th central committee of the CPC and China’s "dual circulation":

 

The fifth plenary session of the 19th Central Committee of the Communist Party of China (CPC) concluded on Oct. 29. The session discussed and adopted the CPC Central Committee’s proposals for the formulation of the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035. The principal idea of the 14th Five-Year Plan is to foster a new, dual-circulation development architecture with the domestic circulation as the mainstay, and with domestic and international development reinforcing each other.

The world today is undergoing profound changes rarely seen in a century. The global spread of COVID-19 has brought about more uncertainties and destabilizing factors. This has sent the world economy into recession, and caused a further contraction in international trade and investment. Meanwhile, some countries are blaming globalization for such issues as the hollowing out of industries, the widening wealth gap, and increasing political tensions. China is thus facing significant external headwinds.

Since the start of reform and opening-up over four decades ago, China has risen to become the world’s second largest economy. It is currently the largest manufacturer, the largest merchandise trader, and the holder of the largest foreign exchange reserves. It also ranks second in the world for attracting foreign investment and the consumption of goods. Its contribution rate to global economic growth has exceeded 30% for several years in a row. China is marching on its journey to fully build a modern socialist country. However, it still faces unbalanced and inadequate development.

Therefore, China has been working to foster a new, dual-circulation development architecture. This aims to remove the barriers existing in domestic circulation, and further unleash the potential of domestic markets, so as to support a higher level of circulation externally. This is not a short-term response by the country to deal with the epidemic and changes in the international environment. Instead, the move reflects China’s long-term strategic countermeasures under a global perspective, and is a crucial step in China’s economic development during the new era.

With a focus on domestic circulation, the model does not in fact mean complete isolation. On the contrary, it will lead to higher levels of opening-up. The "dual circulation" strategy is not the same as an international circulation in its narrow sense regarding foreign trade, capital, and foreign direct investment. Rather, it covers finance, currency, the flow of people, the spread of technologies, the flow of information and data, climate change, environmental protection, elimination of the wealth gap, the accomplishment of U.N. sustainable development goals, etc. It is a general circulation for industrial, supply and service chains with wider scopes, expanded areas, and higher levels.

The new, dual-circulation development architecture is a roadmap for China’s long-term overall economic development. It will also become an open and inclusive global economic engine which enjoys strong vitality and bright economic prospects.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm

‘Dual circulation’: A crucial step for China’s economic development in new era
http://www.china.org.cn/video/2020-10/30/content_76860335.htm

 

Related Links :

http://www.china.org.cn

PR Newswire

Banggood Kicks Off 11.11 Global Shopping Festival with $1 Pre-sale Deposit Offer

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GUANGZHOU, China, Oct. 30, 2020 — Banggood, a leading cross-border e-commerce retailer, officially kicked off its 11.11 Global Shopping Festival on October 28. To accompany the Shopping Festival, Banggood has launched a number of innovative offers and mini-games to bring users a richer and more enjoyable shopping experience, including its new Price Storm pre-sale deposit feature, which will continue until Black Friday. Banggood has also united influencers and internet celebrities from different regions through a series of live broadcasts, in order to reach a larger global audience and spread the joy of shopping festivals.

Banggood’s Price Storm feature allows users to make a $1 deposit to grab the lowest price and secure their purchase ahead of the 11.11 Global Shopping Festival. From 4:00PM (UTC+8) on November 2 to 3:59PM (UTC+8) on November 10, users can pre-order sale products by paying a deposit of $1 or $3. After putting down their deposit, users enjoy a cash discount, which will be credited when the balance payment is made, and the final payment is due between 4:00PM (UTC+8) on November 10 and 4:00PM (UTC+8) on November 12. Users who have made a deposit will see their pre-order and outstanding balance under the "My Reserved" section, with a reminder to pay before the end of the Shopping Festival.

"Customer experience and creating genuine, sustainable value for customers have always been crucial components of Banggood’s development strategy. We have introduced our pre-sale deposit feature to sufficiently prepare in advance and bring users a better shopping experience. With the pre-sale deposit, Banggood can expedite the dispatch and delivery process, so that customers can receive and use the products they have purchased as quickly as possible," said Qin Peng, Banggood’s Chief User Experience Officer.

In addition to the pre-sale deposit, Banggood will be offering advance purchase for VIP Club members with an exclusive membership discount. Typically falling on the 9th of every month, Banggood will use November’s VIP Day as an opportunity to reward members with advance purchase opportunities ahead of the 11.11 Global Shopping Festival — giving VIPs first access to the widest range of products at the best price. Banggood will also introduce member-only offers worth millions of US dollars and shipping coupons for VIP customers to give them the ultimate shopping experience. Banggood’s VIP Program has been updated with more valuable benefits for the members. Click here for latest information about Banggood’s VIP Club.

Banggood will be bringing back its much-loved Banggood Live for the 11.11 Global Shopping Festival, with a dedicated Banggood Live section on the website and APP. The massive event will see more than 80 celebrities from over 20 countries live streaming and interacting with users, with more thousands of products across 100 brands showcased during the 48-hour event. In addition to gaining a deeper understanding of products they are interested in through the host’s product experiences, live unboxing events and more, users will receive exclusive coupons during the live stream that can be redeemed whilst watching the broadcast. Last but not least, Banggood has prepared $10,000 gifts, which will be distributed to users between November 10 and 12.

Benefits of the sale are not constrained to the mentioned above. 10% off site-wide coupons are available by downloading Banggood APP through Huawei App Galley. Stay tuned with Banggood and Huawei’s social media to get the latest news.

About Banggood

Founded in 2006, Banggood is a leading e-commerce company running its website www.banggood.com and pages on other platforms to offer tens of millions of registered users more than 500,000 types of products, covering from consumer electronics to clothing. Banggood is headquartered in Guangzhou, China, the city of the supply chain, with a global reach in North America, Europe, Asian Pacific, South America and the Middle East. For more information, please visit: https://www.banggood.com/aboutBanggood.html

Media Contact
Zoeh Zheng
Phone: +86-134-5028-6595
Email: pr@Banggood.com

 

Related Links :

https://www.banggood.com

Business, News

HUAWEI’s Display Woes Coming to an End

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Huawei’s status as the world’s largest smartphone maker might be jeopardy soon, as the company scrambles to get key parts for its popular phones. Issues began slightly over two years ago with the U.S. trade ban which prevented Huawei from trading with U.S. companies. More recently, the trade ban was expanded to include every company in the supply chain. This led to further complications as it meant that not only couldn’t Huawei get access to Google services for it’s Android based smartphones, it couldn’t trade with any company including chip-makers Qualcomm and Broadcom and even non-U.S. companies intending to trade in the country. 

However, things are taking a turn as Samsung Display has received a license from the U.S. government to supply its panels to Huawei Technologies. The company is the first company outside the U.S. known to have been given a license to trade with Huawei.

While the news is definitely a turn of events in Huawei’s favour, it could be the least of the company’s concerns as it has still able to source displays from BOE, a new Chinese display manufacturer. That said, Samsung Display is definitely a welcomed supplier as the company is one of the largest manufacturers is renown for its display quality.

Unfortunately, Huawei’s outlook is still bleak as the company is running low on supply for its Kirin SoCs. The U.S. ban is still affecting the company’s supply chain when it comes to working with fabricators which are able to collaborate and create their chips.