Monthly Archives: November 2020

PR Newswire

Zoomlion Wows at bauma China 2020 Exhibition with Launch of Next-Gen Intelligent Construction Machinery Securing Over $US3 Billion in Orders

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SHANGHAI, Nov. 27, 2020 — Zoomlion Heavy Industry Science & Technology Co., Ltd. (Zoomlion) has presented its largest outdoor exhibition at bauma China 2020 in Shanghai and launched multiple high-end intelligent products during the three-day international trade fair.

Zoomlion Wows at bauma China 2020 Exhibition with Launch of Next-Gen Intelligent Construction Machinery Securing Over $US3 Billion in Orders
Zoomlion Wows at bauma China 2020 Exhibition with Launch of Next-Gen Intelligent Construction Machinery Securing Over $US3 Billion in Orders

Zoomlion is exhibiting over 50 sets of construction equipment products from nine product lines at bauma China 2020. Through new product releases and online livestreaming events to interact with global customers, Zoomlion has signed orders totaling CNY20 billion ($US3.04 billion) at bauma China as of 26 November.

"The exhibition highlights Zoomlion’s high-end 4.0 generation products and innovative achievements that represent a qualitative leap of intelligence," said Mr. Guo Xuehong, Vice President of Zoomlion.

Taking the lead in the industry with high-end, innovative intelligent products

Zoomlion’s exhibition at bauma China 2020 offered a glimpse into the future of construction machinery with a demonstration of intelligent hoisting minus the operation cab but with a 5G remote control experience center giving the "intelligence" part of the equipment the ability to touch, sense and see.

The ZTC-250NEV is the world’s first electric truck crane which has integrated machine vision, artificial intelligence and 5G communication, it’s a cab-less crane but with "eyes and a brain" to complete smart hoisting tasks with the push of a button.

The ZCC18000 crawler crane has the highest tonnage at the trade fair, boasting great hoisting capacity that makes it a perfect model for wind power hoisting on land and at sea. It’s equipped with Zoomlion’s self-developed no-landing overloading counterweight technology that reduces the area of operation by 60% and delivers industry-leading lifting performance.

Zoomlion also released the ZT68J, a self-propelled straight-arm aerial work platform that sets a world record of 67.5 meters in height, while guaranteeing better performance in off-road operation and intelligent control.

The company’s dry-mix mortar equipment has adopted the patented ultra-high-precision automatic powder metering system Powerdos. The intelligent functions such as hollow boom technology, carbon fiber concrete pipe and man-machine voice interaction and a tower crane ETI smart control system were widely acclaimed by visitors to the fair and global livestreaming audiences alike.

As the global market recovers from the impacts of COVID-19, Zoomlion is persisting with innovative research and development and looks forward to creating and sharing with all partners. The exhibitor hosted a 24-hour livestream in Chinese and English allowing global customers to participate in bauma China 2020.

"Zoomlion has never changed its vision to share the industry’s achievements and co-build the industry’s ecosphere. We are expecting to shape an intelligent and ultimate future in the principles of extensive consultation, joint contribution and shared benefits," said Mr. Guo.

About Zoomlion

Founded in 1992, Zoomlion Heavy Industry Science & Technology Co., Ltd. (01157.HK) is a high-end equipment manufacturing enterprise that integrates engineering machinery, agricultural machinery, and financial services. The company now sells more than 600 cutting-edge products from 56 product lines covering ten significant categories.

Related Links :

http://www.zoomlion.com

PR Newswire

5G Promotes the Upgrading of Traditional Industries and New Smart Digital Life

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GUANGZHOU, China, Nov. 27, 2020 — A report from Science and Technology Daily | IUSTC:

On the morning of November 25, "5G and Media Industry Change and Transformation Forum" of 2020 World 5G Convention was held in Guangzhou.

On the morning of November 25, "5G and Media Industry Change and Transformation Forum" of 2020 World 5G Convention was held in Guangzhou.
On the morning of November 25, "5G and Media Industry Change and Transformation Forum" of 2020 World 5G Convention was held in Guangzhou.

The Chief Official of Science and Technology Daily, pointed out in his opening remark that media should be the "pioneer" in the 5G era, accelerate the application of 5G technology in the media sector and create a good public opinion for the application of 5G technology. Media also need to use objective and rigorous works to transmit scientific and rational points of view to the broad audience while adopting a gentle way of storytelling. In addition, he also introduced Science and Technology Daily’s goal of "One Database, Two Wings and Three Platforms" and using new technologies such as 5G to promote the in-depth integrated development of media.

Li Xudong, Deputy Director of the Department of Science and Technology of Guangdong Province, pointed out that Guangdong province has been actively promoting the development of 5G industrial application. When the 5G era begins and gradually penetrates into all aspects and details of social life, we have every reason to believe that it will bring new changes to the media industry. Li said that this forum will surely provide tremendous impetus for promoting the integrated development of media all over China and accelerating the construction of new mainstream media.

Speaking of how to speed up in-depth media integration, Fang Zhenghui, Deputy Director of China Foreign Languages Publishing Administration, said there are three key points to be emphasized: First, we need to embrace new technologies with a more open attitude; Second, we need to keep track of new technologies with a sharper perspective; Third, we also need to apply new technologies with a more inclusive mind.

In the keynote speech section, elites from well-known media, technology enterprises, academic field and industry at home and abroad conducted in-depth academic discussions or delivered keynote speeches on the application and development of the new round of 5G construction in media.

The guests discussed a series of topics facing the future scientific research status: the contribution of 5G technology international cooperation to the development of human society; the prospect and challenges of 5G technology application in the media sector. Some guests also mentioned that we should promote the development of new media industry chains and the development of new media based on the combination of 5G with AI, VR, blockchain and other technologies.

All guests exchanged views on promoting the application of 5G technology among media from home and abroad and make constructive advice on facilitating global promotion of 5G technology.

They agreed that 5G will provide key technical support for the construction of an intelligent media communication system with all things being a media, human-computer symbiosis, and self-evolution. Its disruptive innovations in the media industry have initially appeared.

Fang Hanting,Vice President of Science and Technology Daily, hosted the meeting.

He Concluded that in the 5G era, especially in the digital economy era, the media is the vane of society. From data-driven, intelligent connection, media think tank to scene-based immersion, pan-centralization, and then to ecological media, we can initially observe the subversive innovation of 5G technology in many aspects of the media industry. For example, with the deepening of data drive, the logical analysis behind the data will become a new field of data news, and some think tank, data, and expert data news producers will gradually become "event terminator."

Looking to the future, 5G technology will surely lead to changes in the media industry. 5G technology has brought about the trend that everything is a media. If each media wants to meet the requirements of the harmonious coexistence of multiple communication subjects (people and smart devices) in the new system, an ecological system must be constructed. This ecological system only has the chance to survive and develop in the 5G era when it meets the requirements of full media, holographic media, full media and full effect media.

Mr. Zhao Jianguo, Deputy Editor-in-Chief of Guangming Daily, Mr. Zheng Bo, Deputy Editor-in-Chief of the Economic Daily, Mr. Cui Baoguo, Professor at School of Journalism and Communication, Tsinghua University, Ms. Li Qin，Professor at the School of Journalism and Communication of Renmin University of China, Ms. Qu Jing, Vice President of Huawei’s Public Affairs and Communications Department, Ms. Hou Mingjuan, Vice President of Qualcomm, Mr. Zhang Jun，General Manager, Corporate Marketing and Public Relations, Tencent, Mr. Wu Junhua, Vice President of iFlytek Co., Ltd, and Mr. Savitskii Alexei, Advisor to the Editor-in-Chief of Sputnik News Agency attended keynote speech section.

PR Newswire

ViewSonic Organized The ColorPro Gallery for ColorPro(TM) Award 2020: Kindness

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BREA, Calif., Nov. 27, 2020 — ViewSonic Corp., a leading global provider of visual and educational solutions, organized the ColorPro Award 2020 Global Photography Contest with four leaders in the creative industry — Blurb, Shoot the Frame (STF), Tinyspace, and TourBox — centered on the theme of kindness to celebrate kindness around the world. Followed by the award ceremony, the ColorPro Gallery website was launched on November 13 to showcase the top 100 entries and to contitune spreading positive energy through these beautiful photographs to the world.

The top 10 winners of the ColorPro Award 2020 Global Photography Contest were selected from more than 2,100 extraordinary photo entries from 18 countries and regions. ViewSonic and partners seek to encourage people to share their precious moments through photographs and to inspire creativity and highlight the meaningful stories happening around us each and every day. Through the vision of ColorPro Award, you would rediscover the world from a different angle.

Visit the online gallery to see the stories behind all these astonishing photos: https://color.viewsonic.com/colorproaward2020/.

1st Prize Winner

Kindness by Antonio Aragon Renuncio, Spain

1st Prize Winner, Kindness by Antonio Aragon Renuncio, Spain (photo credit: ViewSonic)
1st Prize Winner, Kindness by Antonio Aragon Renuncio, Spain (photo credit: ViewSonic)

In Africa, children with disabilities are at high risk of physical, emotional, and sexual abuse, and are often abandoned by their families. Misconceptions and superstitions are prevalent. For example, people say that disabilities are due to divine punishment (with those suffering from disabilities often referred to as "snakes" as they lie on the ground). These children are in dire need of specialized care and attention to improve their quality of life. In Bombouaka, Togo, Kodjo, a 14-year-old child in a wheelchair, helps his classmate with homework before a soccer game in a makeshift classroom at the Don Orione Center — a care center for children with severe physical and intellectual disabilities. Kodjo’s act shows tremendous kindness, love, solidarity, and companionship.

2nd Prize Winner

Harvesting Water Lily by Tanvir Alam, Bangladesh

2nd Prize Winner, Harvesting Water Lily by Tanvir Alam, Bangladesh
2nd Prize Winner, Harvesting Water Lily by Tanvir Alam, Bangladesh

Satla is the largest water lily farming village in Barishal, Bangladesh. Various kinds of water lilies are grown, and almost 10,000 acres of canal and wetland areas are overflowing with these beautiful plants. About 70% of the people in this village are associated with water lily cultivation. The two farmers in the photo are working together to process water lilies in order to sell them in a market, enabling them to support their families.

3rd Prize Winner

Drought Ladies by Chin Leong Teo, Singapore 

3rd Prize Winner, Drought Ladies by Chin Leong Teo, Singapore
3rd Prize Winner, Drought Ladies by Chin Leong Teo, Singapore

Farmers rely on mother nature to take care of their crops. As the global warming crisis escalates, the change of weather patterns become more extreme and unpredictable, resulting in more droughts and floods. This farmer was devastated when seeing the impact of drought on her farmland. Her sister comforts her by showing support, compassion, and companionship. 

One Love One Heart by Sultan Ahmed Niloy, Bangladesh

One Love One Heart by Sultan Ahmed Niloy, Bangladesh
One Love One Heart by Sultan Ahmed Niloy, Bangladesh

According to the Health and Family Welfare Ministry, over 33,000 people are infected with waterborne diseases during the monsoon season from June to September in Bangladesh. As heavy rains in the neighboring Indian state of Assam caused massive floods in Bangladesh, many people were impacted. People helped each other regardless of age, demonstrating that they can overcome the challenges posed by these floods with love, support, and companionship.

A Man Who Feeds the Migratory Birds by Saurabh Narang, Germany 

A Man Who Feeds the Migratory Birds by Saurabh Narang, Germany
A Man Who Feeds the Migratory Birds by Saurabh Narang, Germany

As the sun sets, Mr. Ramnath, who resides on the banks of the Yamuna River near Nigambodh Ghat in Delhi, India, feeds thousands of seagulls who travel there every year between October and March to escape from the harsh Siberian winters. The experience of taking this photograph was very special to Saurabh Narang. It features an incredible scene of humanity and nature while thousands of seagulls are flying overhead.

About ViewSonic

Founded in California, ViewSonic is a leading global provider of visual solutions and conducts business in over 100 countries worldwide. As an innovator and visionary, ViewSonic is committed to providing comprehensive hardware and software solutions that include monitors, projectors, digital signage, ViewBoard interactive displays, and the myViewBoard software ecosystem. With over 30 years of expertise in visual displays, ViewSonic has established a strong position for delivering innovative and reliable solutions for education, enterprise, consumer, and professional markets and helping customers "See the Difference." To find out more about ViewSonic, please visit www.viewsonic.com.

PR Newswire

JinkoSolar to Report Third Quarter 2020 Results on December 7, 2020

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SHANGRAO, China, Nov. 27, 2020 — JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it plans to release its unaudited financial results for the third quarter ended September 30, 2020 before the open of U.S. markets on Monday, December 7, 2020.

JinkoSolar’s management will host an earnings conference call on Monday, December 7, 2020 at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Beijing / Hong Kong the same day).

Dial-in details for the earnings conference call are as follows:

Hong Kong / International:

+852 3027 6500

U.S. Toll Free:

+1 855-824-5644

Passcode:

27311972#

Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call.

A telephone replay of the call will be available 2 hours after the conclusion of the conference call through 23:59 U.S. Eastern Time, December 14, 2020. The dial-in details for the replay are as follows:

International:

+61 2 8325 2405

U.S.:

+1 646 982 0473

Passcode:

319339095#

Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of JinkoSolar’s website at http://www.jinkosolar.com.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial, and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 20 GW for silicon wafers, 11 GW for solar cells, and 25 GW for solar modules, as of June 30, 2020.

JinkoSolar has 9 production facilities globally, and 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, and Australia, and global sales teams in China, United  Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland, and Argentina.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:

Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: ir@jinkosolar.com

Mr. Rene Vanguestaine
Christensen
Tel: + 86 178 1749 0483
Email: rvanguestaine@ChristensenIR.com

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

Related Links :

http://www.jinkosolar.com

PR Newswire

Role of Manufacturing CFO 4.0 Indispensable as Industry Accelerates Digital Transformation Efforts

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SYSPRO study shows a return of business confidence as CFOs step up to spearhead Industry 4.0 in the upturn

SINGAPORE, Nov. 27, 2020 — SYSPRO has today announced new research, which reveals that the role of CFO 4.0 within the manufacturing sector will be crucial as the industry shifts towards increased digital transformation in the ‘new normal’. The study, which was conducted in October 2020 and led by SYSPRO, assessed the sentiment amongst senior level Chief Financial Officers within manufacturing sectors across the US, Canada, Africa and Asia Pacific (including Australia).

SYSPRO 2020 Manufacturing CFO 4.0 Survey Report
SYSPRO 2020 Manufacturing CFO 4.0 Survey Report

 

Sanjay Galal, Chief Financial Officer, SYSPRO Asia Pacific
Sanjay Galal, Chief Financial Officer, SYSPRO Asia Pacific

 

Key findings outlined in the SYSPRO 2020 Manufacturing CFO 4.0 Survey Report include the return of business confidence, the rise a more robust role for the CFO within an increasingly digitised manufacturing sector and the acceleration of Industry 4.0 as a means to overcome future disruptions.

The Imminent Return of Business Confidence

When asked about how their business had fared during the pandemic, 47% of businesses indicated that their enterprise had fared well. This pattern was particularly pronounced in the Asia Pacific region, where 75% of respondents gave an answer of between three and five in terms of how they had fared during the pandemic.

The ability for businesses to weather the COVID-19 storm was particularly prevalent amongst manufacturers involved in the production/distribution of essential goods such as Food & Beverage (25%) during lockdowns as well as those who has the ability to augment their existing digital activities and adapt to ecommerce models.

Drilling down further into the data, size of an organisation also played a vital role in determining its ability to survive the pandemic. Companies with 51+ employees were significantly more likely to report having fared as well as, or better than, expected.

The levels of optimism uncovered by our survey suggest that CFOs – who are increasingly responsible for risk management in their organisations, now see COVID-19 as manageable in a business context, rather than terminal.

The report also indicated an overall return of business confidence, where almost 50 percent of businesses have already recovered or expect to do so by the end of 2020. A further 30 percent expected to return to pre-pandemic trading conditions by the end of Q2 2021.

CFOs in Manufacturing to Play a Vital Role in Recuperation

The study revealed that CFOs will be instrumental in engineering the bounce-back. When asked how they plan to boost their business in the upturn, almost 83 percent of businesses identified cost-cutting including the curbing discretionary spending and reducing overheads as a strategy. Over 70 percent of businesses also indicated that they would be exploring new revenue models with the aim for increased customer engagement through digital channels.

When asked about their immediate priorities for 2021, 70 percent indicated that they would prioritise the maintenance of margins and 67 percent identified the need to manage cashflow, both traditional CFO functions.

Surprisingly; however, the study also revealed that in addition to playing a traditional function, CFOs will also be expected to make informed technology investment decisions as a way of ensuring the interconnectedness of all aspects of manufacturing operations, as well as leveraging Business Intelligence to acquire and assess data that can then be used as the basis for strategic decisions.

The Acceleration of Industry 4.0

While Industry 4.0 has been around for a number of years, the expanded scope of the CFO role will contribute to the acceleration of digital transformation. When asked about areas of technological investment, only 19.3 percent of respondents confirmed that they would replace ageing machinery in 2021. Rather, the emphasis is on investing in technology to make manufacturing smarter and less vulnerable to future disruptions.

In fact, over 52 percent of businesses identified the investment in enterprise technology such as ERP, BI and CRM as a key strategic focus area. The goal here is better clarity and transparency of information across the business to enable enhanced decision-making in real-time. According to Sanjay Galal, CFO, SYSPRO Asia Pacific, "Enterprise Resource Planning and Business Intelligence were identified as vital, thanks to their information-gathering, processing and analysis capabilities. In uncertain trading conditions, better, more accurate and more timeous data allows for smarter decision making, as well as supporting strategic decisions through trend identification and assessment."

The study goes on to reveal that 44% of respondents singled out warehouse and advanced manufacturing process automation as a key focus area. This is to some extent a decision that has been imposed on manufacturing concerns by the pandemic, but it also suggests a longer-term outlook in which many current human roles will be replaced in the name of both efficiency and safety.

"The challenge for the CFO 4.0 will be to continue to deliver financial leadership whilst also focusing on more strategic and operational aspects. In preparing for the role of CFO 4.0, businesses need to embrace technology, empower people through upskilling initiatives and have a clear business case for Industry 4.0." concludes Sanjay.

About SYSPRO

SYSPRO is a global, independent provider of industry-built ERP software designed to simplify business complexity for manufacturers and distributors. Focused on delivering optimised performance and complete business visibility, the SYSPRO solution is highly scalable, and can be deployed on-premise, in the cloud, or accessed via a mobile device. SYSPRO’s strengths lie in a simplified approach to technology, expertise in a range of industries, and a commitment to future-proofing customer and partner success. For more information, visit www.syspro.com.

Media Contact

Venga Tan
Head of Marketing
SYSPRO Asia
Venga.tan@sg.syspro.com
Tel: +65 90214839

Related Links :

http://www.syspro.com

PR Newswire

OKEx resumes withdrawals of digital assets

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Restoring its full range of services for all users

VALLETTA, Malta, Nov. 27, 2020 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has restored its full range of services for its users by reopening withdrawals of all digital assets as of 8:00 am UTC, Nov. 26. The OKEx team ran comprehensive security checks prior to resuming normal operations of the hot wallet system to ensure the safety of users’ funds.

As part of its continued pledge to full transparency, OKEx has always maintained 100% of reserves since its inception. As such, users are able to withdraw funds with no restrictions. Alongside reopening withdrawals, the Malta-based exchange is offering generous loyalty rewards for users as a gesture of appreciation for their support and understanding during this time. 

While all other operations of the exchange remained unaffected, withdrawals from OKEx were temporarily suspended on Oct. 16 to guarantee the safety of users’ assets, which remains OKEx’s number-one priority at all times. Over the years, the exchange has gained unrivaled experience in safely operating digital wallets, assets and transactions with no major security incidents. 

"We are pleased to be back to operating at full capacity, with all trading activity, deposits and withdrawals functioning as expected and security measures in place to ensure the safety of user assets. Beyond continuing to provide more diverse products, trading tools and innovative solutions for our customers, the security of their funds is our primary concern," said OKEx CEO Jay Hao. 

OKEx maintains rigorous security standards to ensure the safety of digital assets through a combination of cold storage and a hot wallet system that is protected by the exchange’s online and semi-online risk-management systems, semi-offline multisignature services, big data risk-management systems and other protection mechanisms. Working together, they check for abnormal behaviors in transaction amount or frequency and delay or refuse any transactions deemed suspicious, thereby quickly preventing large withdrawals from malicious actors.

The exchange also has an extensive backup mechanism in place for private key holders to ensure that each holder can trigger the activation of the backup private key in the event of long-term incapacitation, such as death or memory loss. On this occasion, however, OKEx had failed to take other specific scenarios into account, such as private key holders becoming unreachable due to unforeseen circumstances. 

"We are working hard to restore user trust and will be rolling out a solution to improve our internal processes so that we can try our best to prevent this type of situation from happening in the future," Jay Hao added.

OKEx has secured its reputation and position as a world-leading exchange through its continued innovation and diverse product offering as well as strict adherence to laws and regulations around the world, establishing robust Know Your Customer checks and anti-money laundering mechanisms. Building on its solid platform and loyal user base in conjunction with continued collaboration with regulators, OKEx looks forward to continuing to serve customers and furthering the development of the blockchain space.

About OKEx

A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

                                                

Related Links :

https://www.okex.com

PR Newswire

OneConnect Financial Technology cements presence in Malaysia with new entity; Launch graced by MDEC

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SHENZHEN, China, Nov. 26, 2020 — OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), the leading technology-as-a-service platform provider and an associate of Ping An Insurance Group, reaffirms its commitment as the trusted tech partner for financial institutions in Malaysia with the launch of its new entity, OneConnect Smart Technology (Malaysia) Sdn Bhd. In line with its Southeast Asia expansion strategy, Malaysia is a key growth engine where OneConnect plans to build a local team that stands ready to serve financial institutions across Malaysia and support its regional projects. The launch was graced by Dato’ Ng Wan Peng, Chief Operating Officer of the Malaysia Digital Economy Corporation (MDEC).

Malaysia’s fintech space is thriving

Bank Negara Malaysia (BNM) has launched several initiatives in a move to embrace financial inclusion and the shift in banking habits towards digital channels. These include the announcement last year that it will issue new digital banking licenses and the publication of an Electronic Know-Your-Customer (eKYC) guideline on 30 June 2020. The move has given a boost to the nation’s banking and fintech players that are ready to accelerate digital transformation and adopt fintech innovations.

"Fintech had garnered lots of attention for its astonishing potential in impacting lives and changing economies. Since it appeared, fintech helped enable ordinary people to access financial products securely and efficiently. At the same time, it also accelerated the economic growths of many countries. In order to enhance the development of the fintech ecosystem for this country, the Malaysia Digital Economy Corporation (MDEC) will continue to engage start-ups, investors and innovators from around the world to yield positive outcomes via its continuous efforts in expanding and innovating the fintech industry. As OneConnect has established a regional presence in Malaysia, it reinforces the fact that Malaysia is an attractive investment destination. In fact, many fintech and data ecosystem players come to Malaysia specifically for its vibrant testbed environment and the multi-cultural background of its talent pool and their digital savviness and language proficiency in technical subjects," shared Dato’ Ng Wan Peng, Chief Operating Officer, MDEC.

According to the e-Conomy SEA 2020 Report[1], consumers and SMEs have adopted digital financial services like never before. In Malaysia, over the various Movement Control Order periods, many turned to the Internet for solutions to their challenges. A significant number tried new digital services – 36 per cent of all digital service consumers were new – with 92 per cent of these new consumers intending to continue their behaviour post-pandemic. Year-to-date, Malaysia has also seen a 33 per cent monthly active user growth for select mobile banking apps.

The scene is an important preamble to the ongoing digital transformation taking place in the financial landscape and it signifies a positive sign for OneConnect who has market-ready solutions for insurtech and full-stack digital banking technologies including end-to-end frictionless account opening and onboarding, smart lending, and an eKYC solution that recognises MyKad.

Committed to the growth of Malaysia’s financial sector

OneConnect is committed to being the trusted tech enabler in digital transformation for financial institutions.

Backed by Ping An’s 32 years of experience in the financial industry and an extensive track record as the tech enabler, OneConnect is able to bring to Malaysia the breadth and depth of proven solutions, and journey with its clients through their digital transformation roadmap.

Echoing the same, Tan Bin Ru, CEO (Southeast Asia) of OneConnect Financial Technology, said, "Malaysia is of strategic importance to OneConnect. The country is home to five local banks that are 20 of Southeast Asia’s largest banks, enjoying strong regional presence. Bank Negara Malaysia’s decision to open its door to digital banking bodes well for our Southeast Asia expansion strategy. One of our unique value propositions that our clients value much is the breadth and depth of our solutions which becomes a breeze when they can have a single strategic tech partner to integrate a full suite of digital solutions and work alongside their team through phases of their transformation plan. We see a lot of potential in Malaysia and with our new office being set up, we will be able to contribute our deep market knowledge and ready solutions to the local banks and financial institutions in Malaysia."

She added, "Having served all the major banks and more than half of the insurance companies in China, we have amassed extensive track records in enabling digital transformations for, and accumulated a wealth of bespoke experience in the banking, insurance and ecosystem realms. Since the setting up of our regional headquarters in Singapore in 2018, more than 50 clients across Southeast Asia and other parts of Asia, as well as the UAE and Europe have entrusted us to be their tech expert." 

Serving the needs of leading financial institutions in Malaysia

OneConnect currently serves a global insurance player and three of the top five local banks in Malaysia It has collaborated with RHB Bank and another top five local bank where it collaborated on the development of two firsts-of-its-kind services that were launched in Malaysia recently. It is also collaborating with CIMB Philippines to enhance digital banking technologies in The Philippines.

OneConnect has partnered with RHB Bank to develop an omnichannel platform that fully digitalises the SME loan experience. The omnichannel platform – comprising the RHB Financing (SME) mobile app for customers, a sales app for the bank’s relationship managers and a seamless SME loan management website – utilises OneConnect’s artificial intelligence (AI) and eKYC technologies. Launched in August as Malaysia’s first AI-powered SME financing mobile app, the app automates and simplifies onboarding process where SMEs only need to submit two scanned documents – MyKad and a bank statement – via their mobile phones to apply for loans. The omnichannel platform lets RHB serve SMEs more efficiently by reducing the back-office processes and operating costs. The bank aims to provide RM500 million in financing facilities to support small businesses in the next year.

OneConnect also partnered with another top five local bank to develop a mobile banking app powered by its eKYC solution, making this the first eKYC solution approved by BNM to launch in Malaysia in October. The app is the first in Malaysia launched by a bank to deliver a truly digital onboarding experience without having to visit any physical branch. Customers can open an account and bank safely anytime and anywhere amidst the ongoing pandemic.

Yao Jing, Head of Strategy and Business Development (Singapore and Malaysia), OneConnect Financial Technology, said, "Our deep market knowledge and ready solutions for Malaysia aptly position us to meet the local needs. We are grateful for the trust and confidence that some of the largest financial institutions in Malaysia have given us and we will continue to deepen the relationships with our valued clients. We see ourselves as a strong tech player in this space, and are dedicated to supporting and enabling the digital banking ecosystem here. We will continue to forge collaborations and work closely with financial institutions and other stakeholders, including Bank Negara Malaysia, and nurture the local tech talents as we walk this journey of a transformational landscape together."

OneConnect plans to hire local talents to grow a product and engineering team who will provide support for clients in Malaysia and have the opportunities to work on its regional projects.

About OneConnect Financial Technology

OneConnect (NYSE: OCFT) is a leading technology-as-a-service platform for financial institutions. The Company’s platform provides cloud-native technology solutions that integrate extensive financial services industry expertise with market-leading technology. The Company’s solutions provide technology applications and technology-enabled business services to financial institutions. Together they enable the Company’s customers’ digital transformations, which help them increase revenue, manage risks, improve efficiency, enhance service quality and reduce costs.

Our technology-as-a-service platform strategically covers multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses – from sales and marketing and risk management to customer services, as well as technology infrastructure such as data management, program development, and cloud services.

Annex: Chinese Glossary

English

Chinese

Tan Bin Ru, CEO (Southeast Asia), OneConnect Financial Technology 

陈敏如, 东南亚首席执行官, 金融壹账通

Yao Jing, Head of Strategy and Business Development (Singapore and Malaysia), OneConnect Financial Technology

姚惊, 战略兼业务拓展总经理 (新加坡与马来西亚地区), 金融壹账通

Dato’ Ng Wan Peng, Chief Operating Officer, Malaysia Digital Economy Corporation

拿督黄婉冰, 首席运营官,马来西亚数字经济发展局

 

PR Newswire

Chengdu making strong push to foster next-gen AI technology

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CHENGDU, China, Nov. 27, 2020 — Chengdu, capital city of Southwest China’s Sichuan province, is working to develop a national pilot zone for advancing next-generation artificial intelligence.

Chengdu Supercomputing Center, the first of its kind in Southwest China, started trial operations in September.
Chengdu Supercomputing Center, the first of its kind in Southwest China, started trial operations in September.

The Chengdu municipal government revealed an action plan promoting the development of an AI-centered pilot zone in November.

According to the plan, Chengdu will invest more than 100 billion yuan ($15.2 billion) in over 170 major projects over two years to support the regional AI industry. It will focus on developing a core area, an innovation hub and several industrial parks.

The core zone is the Chengdu Hi-tech Industrial Development Zone, a national-level innovation center in the city. It is projected to have more than 10 billion yuan in AI-related industrial output value by 2022.

The Tianfu New Area, home to the Chengdu Science City, will be a hub of AI innovation. It is estimated that the scale of its AI industry will surpass 5 billion yuan in 2022.

AI technologies will also be applied in 10 industrial parks including Tianfu Smart Production Industrial Park and Qingbaijiang European Industrial Park to support regional industrial upgrades.

In September, Chinese communication technology giant Huawei agreed to build an AI-based big data center in the Chengdu Hi-Tech Industrial Development Zone. The project will result in an integrated big data processing center to serve economic development of Chengdu and its neighboring Chongqing city. There will also be three platforms to support Chengdu’s urban management, AI innovation and digital economy. Huawei’s total investment will be around 10.9 billion yuan.

According to local officials, the urban management platform will support smart development in fields such as traffic, security, healthcare, contingency management, education and environmental protection. The innovation-supporting platform will help local research institutes carry out advanced technology development.

Representatives from Huawei said the big data center will help the company build an industrial chain with products and solutions "developed in Chengdu, manufactured in Chengdu, and applied in Chengdu and beyond". The big data center will support Huawei’s research and development while meeting computing and data storage demand of key industries across the city.

The center will bring Huawei’s advanced technologies in 5G, cloud, AI and computing to serve Chengdu’s new infrastructure projects and smart city construction, the telecoms giant said.

In June, Chinese internet search giant Baidu joined hands with the Chengdu Hi-tech Industrial Development Zone to promote its self-driving taxi service, the Apollo Go Robotaxi, in Chengdu. The movement will support the autonomous driving sector’s development in the city.

Chengdu Supercomputing Center, the first of its kind in Southwest China, started trial operations in September. Government officials said the supercomputing center will strongly support AI industry growth in the region.

A representative from the center said designers had considered using the center to support local AI development even before its construction started. The center can meet various AI computing demands and will help to lower developers’ investment and operational costs.

In the future, the center will attract more computing professionals while establishing partnerships with leading universities and institutes.

To build a national pilot zone for next-generation AI, Chengdu will promote cooperation among universities, research institutions and enterprises for industrialization of research results. The zone is expected to become an important technological engine to drive local growth, making Chengdu and the broader region that encompasses Chengdu and Chongqing an influential innovation hub in China.

The move is expected to create a better development environment for businesses, allowing them to enjoy better infrastructure, data and talent resources, according to local officials.

PR Newswire

Be safe with K-Study – Pay attention to Dain Leaders’ ‘digital tracking platform for international students based on Blockchain.’

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Telecommunications Technology Association (TTA) begins performance test.

SEOUL, South Korea, Nov. 27, 2020 — As Korea has controlled COVID19 quite successfully, ‘K-Quarantine’ has been highly recognized.  More international students wish to come to Korea for studies and the ‘international students’ matching platform based on Blockchain’ developed by Dain Leaders(http://www.dainleaders.com/), a Blockchain edutech specialist of Korea, has attracted attention.  

The ‘international students’ matching platform based on Blockchain’ for safe admissions in the Post-COVID era is the K-Study platform that combines Blockchain with the digital tracking technology to process the entire admissions procedure for K-Study online for safety.

The platform particularly supports the confidentiality of digital documents of international applicants applying for colleges in Korea and secures the credibility of data for the convenience of each college.

Dain Leaders has entered the data credibility verification process. It is led by Telecommunications Technology Association (TTA), a nationally accredited software quality testing certifier, is securing the integrity of data on the Blockchain, security and repairability when saving and restoring data and DB, and technology related to the performance and stability of Blockchain.

In the process, Hanyang University provided the data of 2,000 international applicants and the testbed for verifying the technology and cooperated for the development and testing of digital tracking platform for the college admissions officials handling the admissions documents such as transcripts and degrees.

The platform will be tested for 15 items related to the functionality of Blockchain and about 10 items related to its quality and performance. The test environment will be servers using general CPU and servers and nodes of Blockchain and the target value will be 20TPS. TPS is not the absolute index of performance of Blockchain, but it is required to support a certain level of TPS and block processing speed for the stability of commercial services.   

"After TTA verification, the platform will be released before the end of this year for use by more people, including international students and college officials," said President Moo Ho Lim of Dain Leaders. "Colleges and other educational institutions in Korea can now track international students on the digital platform based on Blockchain through the K-Study Platform."

PR Newswire

China.org.cn: Seminar calls for global poverty reduction innovation, cooperation amidst pandemic

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BEIJING, Nov. 26, 2020 — The 2020 International Seminar on Global Poverty Reduction Partnerships was held in Longnan city, Gansu province, China, on Nov. 24. More than 100 participants from governments, academia, international organizations, NGOs, and the private sector attended the seminar. High-level representatives from the UN, officials from developing countries in Latin America and Africa attended the seminar online.

The 2020 International Seminar on Global Poverty Reduction Partnerships was held in Longnan city, Gansu province, China, on Nov. 24.
The 2020 International Seminar on Global Poverty Reduction Partnerships was held in Longnan city, Gansu province, China, on Nov. 24.

This year’s session was themed on global poverty reduction innovation and cooperation amidst pandemic. The conference provided an opportunity for attendees to learn about poverty reduction practices and achievements and discuss how to narrow the digital divide around the world, help impoverished people benefit from digital innovation, and enhance anti-pandemic cooperation and poverty reduction knowledge sharing.

Gansu’s last eight poverty-stricken counties had been removed from the poverty list, and the province now sees all of its 75 impoverished counties out of poverty, the provincial government announced last Saturday.

Tang Renjian, governor of the People’s Government of Gansu Province, mentioned that Gansu has seen 5.675 million people out of absolute poverty since 2013 and that the local government has provided a total of 83.68 billion yuan of poverty reduction funding since 2016. He also stated that a comprehensive policy system has been implemented to ensure that people stricken by poverty have access to education, medical care, housing, and clean water, completing all the poverty reduction tasks in impoverished areas.

Du Zhanyuan, president of the China International Publishing Group (CIPG) said: "Poverty eradication is part of the world history and is a global endeavor that people have been involved with in various ways for a long time." Du stressed that it is important to combine things like economic development, culture, and digital infrastructure, and it is also vital to protect basic rights through economic development and bridge the digital gap via digital poverty alleviation. 

Chen Zhigang, vice minister of the State Council Leading Group Office of Poverty Alleviation and Development (LGOP), noted that China has made a lot of efforts to offset the negative effects of the COVID-19 pandemic. He emphasized that the country has "established an analysis and response mechanism to effectively prevent people from falling back to poverty and provide targeted assistance." Chen also pointed out that the general public has made efforts to promote poverty reduction by purchasing more than 200 billion yuan (US$30.34 billion) of poverty alleviation-oriented products this year.

Ye Anping, director of the South-South and Triangular Cooperation Division, Food and Agriculture Organization of the United Nations (FAO), stated via live video feed that digital tools and technologies are essential to the development of the food system and sustainable agriculture and emphasized the importance of global access. "The massive reduction of poverty in China over the past 40 years since the reform and opening up is one of the great success stories of modern times in the area of global economic and social development," he stressed. "E-commerce in China is an innovative approach to connecting smallholder farmers and big markets and is evolving rapidly."

Ron Hartman, director of the Global Engagement, Partnership and Resource Mobilization, International Fund for Agricultural Development (IFAD) said via video that poverty reduction is a multifaceted undertaking that requires innovation and that there is "no quick fix." It is very important to balance four major factors related to food — sufficient supply, affordable prices, planetary boundaries, and the needs of small-scale farmers. He told participants that investment in agriculture is two to three times more effective when engaging in poverty reduction than in other areas and that farmers can be helped in four main ways, namely by putting them at center stage with regard to policymakers and other leaders, guaranteeing access to financial services so that they can access key inputs at the right times, ensuring that suitable cutting-edge technologies are available to them, and by strengthening partnerships with entities such as the private sector and civil society.

Stanlake Samkange, senior director of Strategic Partnerships, World Food Programme (WFP), stated that cooperation between China and the WFP is essential via Zoom. He noted that the two have embarked on a new era of partnership in order to end global hunger, eradicate poverty, and support the achievement of the SDGs globally by sharing lessons learned from China’s successful poverty relief and developmental experience, developing partnerships with public and private organizations, and piloting innovative and replicable programs in order to reduce food insecurity and reach the last mile in China and other countries.

Jose Luis Gioja, deputy speaker of the House of Representatives of Argentina and chairman of the Partido Justicialista, remarked via video that his country is willing to further its experience sharing with nations like China in order to inspire solutions for the people who need them most so that the challenges caused by COVID-19 can be addressed. "Seeking a proper way to eradicate poverty is the basis for China and Argentina to enhance our cooperation," he mentioned. "I hope our two countries can strive for a better future without poverty."

Xiang Huangmei, vice president of the Alibaba Group, said that the company has been committed to utilizing digital methods of poverty eradication in China and beyond and remarked that e-commerce-oriented livestreaming is a concrete example of the digital economy. "It’s a demonstration to the power of poverty alleviation through online consumption," she noted.

The multilingual book Keywords to Understand China: Targeted Poverty Reduction and English version of the book The Way Forward 2020: Stories of Poverty Reduction in China were presented to the foreign participants. The former shares China’s poverty alleviation practices, providing its experience to the rest of the world by telling the stories of people’s efforts to eliminate poverty. It aims to boost confidence between countries to join hands together to fight global poverty. The latter is a collection of 25 poverty reduction stories written by 11 writers from a foreign perspective. It focuses on poverty alleviation via industrial development in China’s 15 provinces and regions.

Gao Anming, vice president and editor-in-chief of CIPG, announced the awards associated with the case studies that were submitted for the first compilation of the second call of the Global Solicitation on Best Poverty Reduction Practices.

A half-hour-long livestreaming event devoted to the sale of poverty alleviation-oriented products was held one day before the seminar. With the assistance of the Alibaba Group, 6.5 tons of apples from Gansu’s Li county were sold within the first five minutes of the livestreaming. Dr. Marielza Oliveira, FAO Representative ad interim in China, said that providing high-quality agricultural products to consumers in China and other countries at favorable prices promoted poverty alleviation through online consumption.

The International Seminar on Global Poverty Reduction Partnerships, held for three consecutive years since 2017, plays an important role in strengthening global poverty reduction partnerships. This year’s session was organized by three United Nations Rome-based agencies (RBAs) — FAO, IFAD, and WFP – in cooperation with the China International Publishing Group (CIPG), the People’s Government of Gansu Province, the International Poverty Reduction Center in China (IPRCC), and the China Internet Information Center (CIIC).

Seminar calls for global poverty reduction innovation, cooperation amidst pandemic
http://en.chinagate.cn/2020-11/25/content_76946684.htm