Monthly Archives: December 2020

PR Newswire

General-purpose Robotics Company Flexiv Closes Series B Funding of Over 100M USD

Leave a comment

SANTA CLARA, Calif., Dec. 31, 2020 — World-leading general-purpose robotics company Flexiv Ltd. has closed an over 100m USD Series B round with major investors including Meituan, Meta Capital, New Hope Group, Longwood, YF Capital, Gaorong Capital, GSR Ventures and Plug and Play, marking the largest single-round fundraising ever in the field of general-purpose robotics.

Rizon
Rizon

"The strategic funding from leading companies and funds in various industries will mainly be used for mass production and marketing, new market development, and cutting-edge R&D. We will continue focusing on automation transformation of the manufacturing industry, while exploring new applications in a broader range of industries including services, agriculture, logistics, medical care, and so on. With business opportunities from new investors that cover almost every industry, we will be able to develop and refine our products and robot AI in a diversity of real application scenarios, which greatly benefits our development of the most advanced general intelligence and robotics technology," said Shiquan Wang, co-founder and CEO of Flexiv.

Flexiv Ltd. is a world leading general-purpose robotics company that focuses on developing the best human-inspired robotics and AI technologies and applying them across all industries. Four years after its founding, Flexiv has completed its core hardware and software products development with over 100 technical patents submitted, and has validated its primary business model, now becomes ready for further business expansion.

In 2019, Flexiv completed its series A+ with accumulated funding of 22m USD. In April 2019, Flexiv officially launched its first product, the world’s first adaptive robot Rizon. In 2020, Rizon received global recognition for its design and product value by winning both the iF Design Award and German Innovation Award. The company has manufactured over 100 adaptive robots and developed a number of reliable and unique industrial applications after dedicating tremendous amount of time and resources in product verification and iterative optimization in the fields.

With its state-of-the-art technology and highly cost-effective solutions, Flexiv has received repurchase orders from several renowned clients in the automotive, 3C electronics, and Internet industries across China, North America, Europe, and South Korea.

Flexiv’s earliest investor, Richard Lim, Managing Director of GSR, said: "Flexiv’s breakthroughs in cutting-edge technologies for general robotics has pushed the boundaries of industrial automation and intelligence. The team has great industry perspectives and research capabilities. We are delighted to have worked together with Flexiv when they were initially founded at Stanford University and look forward to supporting their efforts to make intelligent robotics an integral part in different industries."

"Flexiv developed adaptive robots with sophisticated force control system and cutting-edge AI technology that mimic human behavior, bringing the versatility and intelligence of robots to a whole new level. Notably, Flexiv has now achieved mass production and successfully validated its customer value and core business model. We believe that Flexiv’s products will bring unique value to a much broader range of application scenarios, and effectively accelerate the transformation and automation in different industries," said Bin Yue, the founding partner of Gaorong Capital. 

Flexiv researches and develops key proprietary technologies in-house, including robotic manipulator hardware, servo control system, force/torque sensors, robotic operation and development system and different types of algorithms. This ensures the product’s distinct advantages and outstanding performance.

In addition, research results from Flexiv’s AI team have been published in top-notch academic journals such as Nature-machine intelligence and Engineering where the concept of general-purpose intelligent agent system has been defined for the first time and have broken world records of different benchmarks in multiple AI-related fields for 18 times.

"I’m very pleased to see that Flexiv has paved a unique path of robotic hardware and software technologies to bring the capability of force control robots to real world applications. The Rizon robot, which establishes an effective fusion of advanced force control and cutting-edge algorithms, represents a major milestone for future robotics development," commented by Oussama Khatib, Chair of IFRR and director of the Stanford Robotics Lab.

About Flexiv

Flexiv Ltd. is a global leading general-purpose robotics company, focusing on developing and manufacturing adaptive robots which integrate industrial-grade force control, computer vision and AI technologies. The company provides innovative turnkey solutions and services based on Flexiv robotic systems to customers in a variety of industries. Founded in 2016, Flexiv has established offices in Silicon Valley, Shanghai, Beijing, Shenzhen, and Foshan.

PR Newswire

Flipclutch Research: WIMI’s Dr. Guo on the development prospects and applications of holographic optical field acquisition

Leave a comment

HONG KONG, Dec. 31, 2020 — Flipclutch Research, a market research organization in Hong Kong, recently released a research report on ‘ The development and application prospect of holographic technology: light field collection’. This report comes from the scientific research paper of Dr. Guo of WIMI Hologram Cloud, which explains the development and application of holography in detail and provides us with valuable information. The report is detailed as follows.

"Holography" comes from the Latin vocabulary, and its meaning is: all, compound. According to the current common knowledge in the mainstream technology field, holography specifically refers to "holographic technology", which is a technology for reproducing diffracted light emitted by objects. The holographic technology uses the principle of interference to record the light wave messages of the object, and uses the principle of diffraction to reproduce the light wave messages of the object, helping users to store all the light information of the object. Thus, the observer can observe the different positions of the object in all directions, and the stored light information record sall the light distribution in the three-dimensional space. Therefore, holographic technology is also a kind of optical storage and reproduction technology.

The earliest holographic technology was discovered by Denise Gabor (1900-1979), a Hungarian physicist, who won the Nobel Prize in Physics in 1971. However, this technology was first used in electron microscopes to record and display electronic holograms. The earliest use in the field of optics was after the invention of laser technology in 1960.

Holographic recording is different from ordinary photography. An ordinary camera only records the intensity of the object’s light field. The hologram records the intensity of the reference light and the object light after interference. When it needs to be reproduced, it is only necessary to use the reference light to show the amplitude of the object light that fully characterizes the object information.

The hologram production process uses a laser. The laser beam is strictly split 1:1 by a beam splitter. One beam of light shines on the surface of the object to be photographed, and the other beam directly shines on the photosensitive film (holographic dry plate). Moreover, this light is also called the reference beam. When the object beam is reflected by the object, its reflected beam is also irradiated on the film, completing the hologram shooting process.

There are several major characteristics of holograms: 1. Omni-directional information recording. The holographic picture records the omnidirectional and comprehensive illumination information of the object, so that the object can be observed from different angles during observation. 2. Learning the whole picture from the parts. When part of the holographic picture is damaged, the whole picture of the object can still be seen from the remaining part. 3. The amount of stored information is huge, and multiple holographic photos can be recorded hierarchically on the holographic film. Moreover, they will not interfere with each other when displaying the picture.

Based on the characteristics of holograms mentioned above, the application prospects of holograms are quite broad, but it is not an easy task to collect light fields to form a hologram in the early stage of technological development. Early technical methods were either expensive, such as using the aforementioned laser to irradiate objects, or using camera arrays; or collecting information was limited and inefficient, for example, the light field acquisition systems based on a fixed turntable. After 2000, with the development of digital camera shooting technology and light field shooting technology gradually attracted the attention of researchers, the light field collection technology of the single camera came into being. Until now, the light field collection technology has truly reached the civilian level.

The common light field shooting techniques are divided into two categories: integral imaging and aperture coding imaging:

Among them, integral imaging is achieved by adding a microlens array or a micro mirror array in front of the sensor to realize the collection of images of the light field viewpointsin different directions. There are more well-known integral imaging devices, including the lens array lens launched by Adobe, the Pelican lens array camera on the mobile phone, the Lytro light field camera, the R series light field camera of Ray trix, and so on.

The shooting based on the compressed light field is to add an optical mask between the camera lens and the sensor to achieve compression encoding of the light entering the camera aperture. The more well-known equipment is the prototype of the light field camera developed by Babacan et al. They proposed to use the method of encoding mask and programmed aperture to capture light field viewpoints in different directions, which can obtain light field with high spatial resolution.

Among them, the microlens array has the advantages of low cost and small size, but its disadvantage is that the image resolution loss is serious. The coding imaging technology has the advantages of small size, no loss of resolution, but its advantages are low signal-to-noise ratio and low light field quality.

From the perspective of the development of light field cameras, encoding-based light field acquisition equipment breaks the mutual restriction between angular resolution and viewpoint image resolution. The redundant information in the light field can be removed through machine learning, and the light field can be restored from a small amount of information. In the future 4K era, the advantage of not losing resolution will be the focus of this technology.

In the near future, when light field acquisition equipment develops to a sufficiently high resolution, as well as has fast enough acquisition speed, and cheap, the light field data, as a kind of rich media data, is stored in a large amount of non-overlapping data that can be passed through a single point. The complete picture of data information will become a new data treasure house for data scientists to research and mine. In particular,unexpected achievements may be obtained in many fields, such as holographic recognition, holographic payment, holographic authentication, and so on.

About Flipclutch

Flipclutch Team is a leading market research company in Hong Kong. They have established a professional and proprietary research platform for financial markets, focusing on emerging growth companies and technologically leading companies. Flipclutch team is professional in market research reports, industry insights & financing trends analysis. For more information, please visit http://www.Flipclutch.com

PR Newswire

Hoymiles Launches S-Miles Cloud, New Powerful Real-time Solar Power Station Monitoring Platform on Mobile App and Browser

Leave a comment

HANGZHOU, China, Dec. 31, 2020 — Hoymiles Power Electronics Inc. ("Hoymiles"), a leading microinverter manufacturer, has recently unveiled the all-new S-Miles Cloud Platform for real-time visualized monitoring of solar power generating equipment. Key field equipment can be connected to the S-Miles Cloud Platform. With the IoT-supported data collection devices, the platform can track the output effectiveness of arrays, provide status updates on individual modules, and notify of any malfunctions.

Hoymiles New Solar Power Station Monitoring Platform - S-Miles Cloud
Hoymiles New Solar Power Station Monitoring Platform – S-Miles Cloud

"Our new and improved version of the monitoring platform is in line with Hoymiles’ mission to make electric energy ‘smarter’, improve cloud data processing capabilities and extend the data response time of edge computing gateways. Through providing a broad array of smart monitoring, operations-based, and maintenance functionality, we can provide more value for our customers, and that’s our main focus," said Zhao Yi, Deputy General Manager and R&D Center Director of Hoymiles.

Accessible as a mobile app or via a web browser, the S-Miles Cloud Platform offers a powerful and easy-to-use portal to effectively maintain solar power stations. Through the user-friendly installation process, integrating the Platform into an existing array can be quick and simple. The newly upgraded platform features a clean and simple dashboard interface which was designed with end-users in mind to allow for clearer visual data displays and additional options for in-depth analysis. The upgrade also includes a real-time progress tracking feature for hardware updates, which displays a progress bar and provides detailed explanations of any errors that occur.

Supporting the improved end-user display is an optimized technical structure that collects, analyzes and distributes data. The upgraded S-Miles Cloud Platform now can offer synchronized data analysis, and in being a cloud-based application, data processing is completed through parallel computing architecture which allows for optimal usage of all CPUs within the cluster and supports an open application programming interface for cross-platform communications, data sharing, and remote operation via TCP socket connection. The Platform is also compatible with Hoymiles’ newest and most advanced hardware offerings of the DTU-Pro, DTU-Lite and new Sub-1G version microinverters.

Through the standardization of data across a power station, operators can make more accurate data-driven decisions regarding onsite operations that enable optimized energy output. The new S-Miles Cloud Platform not only provides accurate and timely status reports but also includes new indicators to display self-generated energy inputs and output for the solar station, to more clearly map overall power generation status.

About Hoymiles

Founded in 2012, Hoymiles is one of the leading microinverter manufacturers providing MLPE (Module-Level Power Electronics) solutions for solar investors and end-users. Hoymiles’ microinverters (4 in 1 unit & 2 in 1 unit) are recognized for their technology, ranking as the top microinverter globally through CEC weighted efficiency test by CSA Group for three consecutive years.  Currently, Hoymiles’ microinverters are used in generous commercial and domestic rooftop installations in various countries and regions including America, Europe and Asia.

PR Newswire

Wondershare Cares about Consumer Confidence and Builds Deep Connections with Users

Leave a comment

As a global leader in the field of digital creativity, Wondershare has always paid attention to users’ behavior and feedback.

VANCOUVER, BC, Dec. 31, 2020 — Believing that consumer confidence can drive products to improve, Wondershare highly values every customers’ opinion and has continuously updated product lines based on user experience and feedback, ultimately making a close connection with them.

Wondershare Cares about Consumer Confidence and Builds Deep Connections with Users
Wondershare Cares about Consumer Confidence and Builds Deep Connections with Users

 

Due to the coronavirus pandemic, customer experience is transforming fast. Now more than ever, consumers spend more time online and interact with service suppliers 24/7/365. According to research by the American Marketing Association, the conversational marketing platform market will experience stunning growth through 2026.

"As the global environment continues to lean into remote work, the trend pushes every company to transform their digital experiences to address the new customer journey," said Shaan Jahagirdar, Vice President of Wondershare. "The impact between our products and users are a two-way street. No matter the feedback from social media, email, live chat, or other channels, we all listen to and follow up to improve them."

  • Wondershare Follows User Stories and Feedback on Social Media

Key opinion leaders (KOL) have been a popular marketing tool for quite a few years already, but recently a shift from key opinion leader to key opinion consumer (KOC) marketing has become a new trend starting in 2020. Different than KOLs, KOCs are real consumers who decide which product they want to try and review without a huge fan base.

Considering the impact of KOCs, Wondershare was compelled to promote a new marketing attempt in that field, which attracted a lot of users to share their stories about Wondershare products on social media including areas such as daily life, gaming, technology testing, photography, videography, and tutorials.

For example, a 17-year-old boy used Wondershare Filmora to edit "A Day in The Life of a Content Creator" video and published it on his YouTube Channel, which received a lot of praise from other viewers. He replied that these comments greatly encourage him to create more videos through Filmora.

"It’s the most affordable, versatile video editor out there for beginner editors," another user commented for Wondershare Filmora on Twitter. "It isn’t complex for people who want to start making videos and has a friendly user interface."

These online reviews are highly important for other users’ decision-making process. To spread more credible voices and build brand awareness, Wondershare will encourage and support more users to share their own opinions and product reviews with the objective of understanding their feedback on social media.

  • Users Participate in the Improvement of Wondershare Products

On the other hand, Wondershare also concentrated on improving the user experience. This November, Wondershare established a "Wondershare Ambassador" volunteer team in Japan, to help the product to move more in line with the localized market. Those who are interested can apply to participate in either display of software, operation, or new features.

In the first stage, the recruitment team received more than 300 application emails with a lot of attachments such as picture descriptions and video recordings. The feedback contained various aspects from the copyright issues, product use issues, suggestions, and other comments for Wondershare product lines.

So far, there are 40 volunteers who have become ambassadors and keep in touch with the team. The next time the product upgrades, Wondershare can contact them to receive more feedback. Plus, Wondershare will build a deeper cooperation with them, such as helping them become KOCs who can continuously provide optimization suggestions and content regarding products.

Although it has been a tough and challenging year for everyone, there can still be some hope and joy taken from the ordeal. Wondershare cares about product services and user experience. With rapid development, Wondershare will continue to strengthen the tracking of user’s feedback and upgrade products, to blend the humanity of the brand with the creativity of users.

For all the latest news and updates, please visit the official website or follow us on YouTube, Instagram, Facebook and Twitter.

Media Contact
Ellen Cheng
Wondershare
ellenc@wondershare.com 

PR Newswire

Uplive to Exclusively Livestream Bella’s New Year’s Eve 2021 Event Featuring Bella Thorne, Diplo, and Many More World-Renowned Celebrities and Influencers

Leave a comment

Globally livestreamed event forecasted to reach over 300 million followers

LOS ANGELES, Dec. 31, 2020 — Asia Innovations Group Limited (AIG), a leading global operator of mobile social platforms and services, today announced its leading independent live social video platform Uplive, with its over 160 million global users, will be the exclusive livestreaming partner for Bella’s NYE 2021 Event, a one-of-a-kind New Year’s celebration co-organized by Wexicans and Filthy Fangs Records led by Bella Thorne and Dani Thorne, aka Com3t.

Uplive to Exclusively Livestream Bella’s New Year’s Eve 2021 Event Featuring Bella Thorne, Diplo, and Many More World-Renowned Celebrities and Influencers
Uplive to Exclusively Livestream Bella’s New Year’s Eve 2021 Event Featuring Bella Thorne, Diplo, and Many More World-Renowned Celebrities and Influencers

Among the artists featured in the livestreamed live music festival will be triple-threat actress, singer, and director Bella Thorne; three-time Grammy-winning DJ, rapper, songwriter, and record producer Diplo; rapper Waka Flocka Flame; DJ and producer Murda Beatz, Dani Thorne, aka Com3t, EDM’s newest Kandi Queen, as well as top influencers in the US and Latin America including Jay Alvarez, Caeliyt, and Kimberly Shantal and Uplive hosts Jon Klaasen and Queenbuenrostro who in aggregate reach over 300 million social media followers.

"We are proud to be the exclusive livestreaming platform for Bella’s NYE 2021 Event, partnering with some of the most famous artists and influencers in the world and broadcasting live from a scenic tropical location," stated Christine Xu, General Manager of Uplive USA. "We are excited that the Uplive user community and Bella and her friends’ followers can join together online and celebrate NYE 2021 using Uplive’s unique, live interactive social video platform."

Bella Thorne stated, "My friends and I are thrilled to share the New Year’s Eve 2021 experience with the rest of the world via Uplive. We hope the festival brings joy, happiness and optimism to all of our friends around the world."

Andy Tian, Chief Executive Officer and Co-founder of AIG, stated, "To say that 2020 has been a stressful year is an understatement. We are extremely grateful to be able to bring friends together as a global community through music and entertainment during these difficult times. Live social has emerged as the key technology platform that has shaped the way people connect with each other, display their talents and share their lives. We hope that this unique live streamed festival will lift people’s spirits and promote feelings of sharing, closer connections, and the simple joy of music."

Bella’s NYE 2021 Event will begin at 11:00 AM PST on December 31, 2020, while participating influencers will start livestreaming on Uplive beginning on December 28, 2020. Viewers can access the livestream event by downloading Uplive from the Apple App Store or Android Google Play Store or click on the link in bio @uplive.usa on IG.

Amid the global pandemic, the event will adhere to strict health and safety standards. The event has limited attendance to a select number of artists and influencers, event attendees and staff. COVID-19 tests will be required for all event attendees and staff, and strict safety measures and social distancing will be enforced during the event.

Uplive will donate a portion of the event’s proceeds to Victoria’s Voice Foundation, a non-profit organization whose mission is to save at-risk lives by raising awareness of drug addiction, overdose prevention and rehabilitation.

Tickets are available now. For further details, please visit: https://h5.upliveapp.com/uppro/Bella_Thorne_NYE.html

About Uplive

Owned by Asia Innovations Group, Uplive is the largest independent video-centric live social apps globally (excluding Mainland China) as measured by monthly average users (MAU) in the nine months ended September 30, 2020.

Launched in July 2016, Uplive enables video social users to live stream to the world, sharing their talents and building connections, in real time, with users across the globe. Uplive currently serves over 160 million users across more than 200 countries and regions globally. Twitter recognized Uplive as one of the most influential international brands in 2019.

About Asia Innovations Group

Asia Innovations Group Ltd (AIG) leads the evolution of the online interactive entertainment space in emerging markets, with a focus on live social, providing an engaging platform for real-time, interactive, instant social experiences between users.  AIG operates a portfolio of category-leading live social products including video centric live social (Uplive), dating centric live social (Lamour, FancyU and Wink), and fan centric live social (SupreFans) categories. Together, AIG’s product portfolio serves 270 million users across more than 200 countries and regions globally.

Founded in 2013, AIG is a global company focused on emerging market regions including Southeast Asia, the Middle East, North Africa, Pan-India, and South America. AIG has offices in Ho Chi Minh City, Kuala Lumpur, Jakarta, Hong Kong and Taipei, etc.

AIG is led by online and social media pioneers who have built some of the world’s most recognized consumer technology products while holding senior roles at Tencent, Google, and Microsoft, and Zynga.

PR Newswire

JA Solar Supplied 88MW Modules for Indian Solar Plant Developed by Juniper

Leave a comment

BEIJING, Dec. 31, 2020 — JA Solar recently announced its supply of 88MW modules to Gujarat Urja Vikas Nigam Limited (GUVNL) project developed by Juniper, one of the largest PV project developers in the local market, which opens a new chapter for the two companies on cooperation.

Led by a team with significant experience in conceptualizing, building and developing renewable energy assets, Juniper is a renewable energy power producer and operator for solar projects. Based on the cooperation, the two sides intend to strengthen cooperation in the future to promote the development of PV industry in the Indian market.

Since its official entry into the Indian market in 2015, JA Solar has won high recognition in the local market and favored by many local PV project developers with its reliable product quality, stable financial advantages and solid industry reputation. Through close cooperation with local developers, JA Solar will further deepen localized operation and provide quality products and services to Indian customers.

Related Links :

https://www.jasolar.com/

PR Newswire

Color Star Technology Announced Strategic Partnership with Two UAE Companies

Leave a comment

NEW YORK, Dec. 31, 2020 — Color Star Technology Co., Ltd. (Nasdaq CM: CSCW) (the "Company", or "Color Star"), an entertainment and education company that provides online entertainment performances and online music education services, today announced that Color China Entertainment Limited, its wholly owned subsidiary, has formally reached a long-term strategic partnership with two United Arab Emirates ("UAE") companies, Multiple Events Dubai U.A.E ("Multiple Events UAE") and Hunter International Travel & Tourism LLC. Dubai U.A.E ("Hunter International UAE"). The parties expect to use their respective advantages to collaborate on cultural performance, cross-border tourism, entertainment education, and brand promotion.

Multiple Events UAE is registered in Dubai, UAE. Its business covers film and television production, exhibitions, conferences, and consulting. Since its establishment, the company has organized and facilitated international cultural exchange projects with many multinational media companies. In 2007 and 2008, Multiple Events UAE cooperated with Hong Kong Phoenix Satellite TV ("Phoenix TV") and produced two bilingual documentaries, "Half Sea and Half Flame" and "The Sheikh’s Sunrise and Sunset", which reflected the social and cultural development of the UAE. Between 2009 to 2011, as the official authorized institution of Phoenix TV, Multiple Events UAE organized the Phoenix TV Miss Chinese Cosmos contest in the Middle East region.

Hunter International UAE is registered with the Dubai Tourism Bureau, UAE. The company has hundreds of business partners in countries all over the world. In 1992, it was selected by the Chinese Consulate General in Dubai to host a delegation from China National Tourism Administration. In September 1992, it became the general agent of China International Travel Service to serve Chinese tourists visiting the UAE and to organize Middle Eastern customers’ exhibitions in China.

The cooperation with the two well–established UAE companies will add to the Company’s strategic layout in the Middle East. By 2021, Color Star expects to establish an offline training base in the UAE and offer online and offline Arab cultural entertainment performances.

"Color Star strives to become a top global internet entertainment company. We have built strategic partnerships in Southeast Asia, Europe and America, and now in the Middle East. The launch of our Color World App on December 31, 2020 will further promote our geographic reach and provide strong technological and internet boost to our international presence." Commented Biao Lu, CEO of Color Star.

About Color Star Technology

Color Star Technology Co, Ltd. (Nasdaq CM: CSCW) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries Color China Entertainment Ltd. and CACM Group NY, Inc. The Company’s online education is provided through its Color World music and entertainment education platform. More information about the Company can be found at www.colorstarinternational.com.

Forward-Looking 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 guarantee 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 educational and training services market in China and other countries where CSCW conducts its business; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. 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 U.S. Securities and Exchange Commission, 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 unless required by applicable laws, regulations or rules.

For more information, please contact:

Sherry Zheng
Weitian Group LLC 
Email: shunyu.zheng@weitian-ir.com  
Phone: +1-718-213-7386

Related Links :

http://www.colorstarinternational.com

PR Newswire

Inaugural Shanghai Electric Cup ‘Industrial App’ Awards Given to 16 Outstanding Entries, Empowering Digital Innovation for Energy Industry

Leave a comment

SHANGHAI, Dec. 31, 2020 — Shanghai Electric (the "Company") (SEHK: 02727, SSE: 601727), the world’s leading manufacturer and supplier of electric power generation equipment, industrial equipment and integration services, has recently concluded a five-month industrial innovation application competition. The inaugural ‘Shanghai Electric Cup’ was launched in July this year with the support of the Shanghai Municipal Commission of Economy and Informatization and the Shanghai Industrial Internet Association. Aimed at fostering an environment of digital innovation, the competition saw 140 entries from around the world take a total of 16 prizes.

The first time to organize this event, Shanghai Electric took the opportunity for the company’s internal and external teams to promote industrial innovation and accelerate digital transformation. The theme of the competition aimed to push applicants to develop practical applications for use in industrial settings, and called for a focus on connecting four concepts – smart cities, smart energy, smart manufacturing and smart transportation – four areas that outline the future direction of Shanghai Electric.

Of the 140 entries from domestic and international teams, the top three prizes were awarded to 16 projects, ten of which were from Shanghai Electric and six from other companies. The Company’s Central Research Institute signed project incubation agreements with four of the award-winning external teams. Shanghai Electric Digital Technology (SEDT) and other six companies reached an ecosystem cooperation agreement for SEunicloud, Shanghai Electric’s industrial internet platform.

About the competition and the unveiling of the winners, Shanghai Electric President, Huang Ou said, "On the path of improving our skills in 3D design and industrial applications, the extraordinary achievements of those participants we see in this year’s contest are the small steps in accelerating the digital transformation of Shanghai Electric, but those joint efforts have amounted to a huge step forward for the entire company."

"From digitizing product models to business models, this competition has laid the foundation for Shanghai Electric to build a new ecosystem for SEunicloud, as well as gathered a specialized team to speed up the digital transformation of our company," he added.

Also unveiled at the awards ceremony, the upgraded SEunicloud Industrial Internet Platform 2.0 revealed improvements in terms of the integration of Artificial Intelligence (AI), Business Intelligence (BI), and Creative Intelligence (CI). With these upgrades, the platform will further accelerate Shanghai Electric’s digital transformation and marks yet another substantial step forward in the construction of Shanghai Electric’s Industrial Internet.

The 2.0 release features a new AI big data module capable of providing data value displays and business analysis for a multitude of industrial scenarios. The upgraded Business Intelligence module utilizes fast data processing and visualization tools to produce intuitive displays and enable intelligent analysis across huge datasets. In addition, through an inbuilt visual development integrated system, the platform can be used as an InaaS (Innovation-as-a-Service) platform.

Shanghai Electric’s focus on digitization and development is reflected in a consistently high R&D investment rate of over 3.4%. This number is intended to be higher for development in new industries, predicted at an increase of 6% from 2019, and investment in pre-research and development which is expected to see an increase of 11%.

Related Links :

http://www.shanghai-electric.com

PR Newswire

Victor Ai awarded Forbes 2020 Top 100 Venture Capitalist in China

Leave a comment

BEIJING, Dec. 31, 2020 — Recently, Forbes released the 2020 Top 100 Venture Capitalist list in China, the definitive ranking of the top investors of this year. Victor Ai is awarded one of the top 100 venture capitalists of this year in China. He is recognized for his excellent leadership and investment capabilities, and pioneer entrepreneurial initiatives in the field of cutting-edge smart economies. Neil Shen from Sequoia China, Hans Tung from GGV Capital and Hurst Lin from DCM Capital are among the list.

This list is created to honor and acclaim the individuals who remain clear-eyed and eager to invest in growth and innovation in China. Victor Ai stands out in 2020 as the one among the most world-renowned individuals for his forward-thinking, strategic management and strong leadership skills. Over the past 11 years, he has closed over 100 deals with an AUM exceeding USD 10 billion. Over the last four years he has closed a series of signature deals in the new economy sector including amongst others, SenseTime, iQiyi, Netease Cloud Music, Xpeng Motors, NIO, Meituan as well as JD Logistics and China UnionPay.

In addition to his distinguished work in investment, Victor Ai is also a successful and forward-thinking entrepreneur. He founded Terminus Group in 2015, a world leading smart service provider, pioneering the new wave of high technology. Terminus Group always seeks to refine its business solutions and takes pride in its advancements made in the field of artificial intelligence of things (AIoT) and AI CITY establishment worldwide. As the only Chinese Premier Partner of the Expo 2020 Dubai, Terminus Group will be more active on international markets and further expand into Middle East, Southeast Asia and others.

By continuously refining its AI CITY projects, Terminus Group remains persistent in integrating more advanced digital solutions into one holistic multi-purpose digital platform to achieve the highest standard of urban digital services. Terminus Group will continue to contribute to the rapidly transforming world by creating valuable partnerships, engaging people, and eventually leading the era of the digital transformation worldwide.

According to Forbes, 29 Chinese companies went public on the U.S. stock exchanges, eight of which accomplished that goal in the third quarter of 2020. The total number of Chinese companies listed on the stock exchanges has reached 290, with the year 2020 surpassing the numbers from the last year by far.

About Forbes 2020 Top 100 Venture Capitalist in China

The list recognizes top 100 venture capitalists in China. It closely monitors the performance of China’s 200 most robust venture capital firms, which all have taken amazing opportunities by both being ahead of the curve and making even bigger and more aggressive bets on their future success. This data-driven list has been created based on the interviews with the investors and qualitative analysis of submissions by the companies’ partners in the past 5 years. 

PR Newswire

Dada Group Celebrates Top 10 Milestones and Achievements of 2020

Leave a comment

SHANGHAI, Dec. 31, 2020 — Dada Group (Nasdaq: DADA) ("Dada" or the "Company"), China’s leading local on-demand delivery and retail platform, is proud to celebrate the Company’s top 10 achievements of 2020.

Dada Group's Top 10 Milestones and Achievements of 2020
Dada Group’s Top 10 Milestones and Achievements of 2020

"In a year marked by uncertainty, Dada has consistently offered consumers a safe and efficient shopping experience while achieving impressive growth and geographical expansion", said Philip Kuai, Founder, Chairman and Chief Executive Officer of Dada Group. "We’re proud of our progress this year and remain focused on bringing people everything on demand. We look forward to continuing our momentum and building on our success in 2021 and beyond."

Key milestones in 2020 include:

  • Battle Against Coronavirus: At the onset of the COVID-19 pandemic in early 2020, Dada Group launched its "Contactless Delivery" service. JDDJ partnered with retailers to launch "Daojia Fresh Market" and set up the "Daojia Secured Sourcing Alliance." Hundreds of thousands of Dada Now riders were on the front lines of the battle against COVID-19, delivering critical supplies to households across China. Dada is pleased to have played a key role in supporting the safety and wellbeing of citizens around the country.
     
  • Listing on NASDAQ: On June 5, 2020, the eve of the Company’s 6th anniversary, Dada Group successfully listed on the NASDAQ stock exchange, becoming the first Chinese on-demand retail company to go public in the U.S. Analyst Reports from Goldman Sachs, Morgan Stanley, Haitong International and other domestic and international investment banks have noted Dada’s strong market positioning and long-term prospects.
     
  • Expansion into Lower-Tier Cities: Dada is committed to providing on-demand shopping and delivery services to customers across China, and both Dada Now and JDDJ are accelerating the geographic expansion of their businesses into lower-tier markets. To date, Dada Now and JDDJ cover more than 2,600 and 1,200 counties and cities, respectively. The lower-tier market has become a major growth driver for JDDJ, with sales in those cities increasing by more than 170% year-on-year in the third quarter of 2020.
     
  • Technological Empowerment: With its vision to "Bring People Everything On Demand," Dada Group is a technology-driven company that works to accelerate the development of on-demand retail and improve digitalization capabilities. Dada’s Haibo system provides omni-channel digital solutions for retailers, and has been deployed in more than 1,500 large- and medium-sized supermarket chain stores. Additionally, Dada’s Smart Distribution SaaS system opens its technical capabilities to help chain brands improve the efficiency of delivery and management for their own delivery teams.
     
  • Supermarket O2O Leadership: JDDJ has established partnerships with over 2/3 of the 100 largest supermarket chains in China. In 2020, JDDJ strengthened its existing partnerships with leading supermarkets including Walmart, Yonghui Supermarket and CR Vanguard, while also establishing new partnerships with dozens of regional leaders such as Ouya Supermarket, Zhenhua Supermarket, Sanhe Supermarket, Zhebei Supermarket, Guihe Supermarket and Sifang Street. JDDJ ranked first in market share of supermarket O2O platforms in China and has helped consumers across the country enjoy quality products and one-hour delivery services.
     
  • Enhanced Partnerships with Brands: JDDJ has partnered with more than 130 domestic and international fast-moving consumer goods (FMCG) brands, establishing itself as a leading platform for brand marketing and sales growth. In 2020, JDDJ announced enhanced partnership agreements with Yili, Mengniu, P&G, Unilever, Mars Wrigley, Pepsi, Nestle, and other household names. Events including "Super Brand Day," "Super Fan Day" and "Super CP Day" have supported the marketing and branding efforts of Dada’s partners.
     
  • Channel and Product Expansion: Through JD.com’s Omni-channel Fulfillment Program, retailers can be integrated into JD.com through JDDJ, allowing them to increase their online traffic and user base. While JDDJ’s core business is in the supermarket category, the smart phone business grew at a high rate with more than 6,000 online stores on JDDJ this year. New categories such as pets, beauty and clothing also steadily grew.
     
  • New Delivery Record: On November 12th, Dada Now’s daily delivery orders exceeded 10 million, setting a new record. In addition to record-breaking delivery order performance, the overall delivery fulfillment rate during the Singles Day Festival was over 99%, demonstrating Dada’s seamless business model and leadership in the on-demand retailing logistics industry.
     
  • New Service Expansion: In 2020, Dada Now expanded its service boundaries and launched new capabilities such as order pickup and collection. Dada Pickup provides services including crowdsourcing pickers and digital picking management for supermarkets to help stores reduce costs. In terms of collection, Dada Now works with JD Logistics to improve the efficiency of order collections and the user shipping experience.
     
  • Delivery Capacity Upgrades: In 2020, Dada Now upgraded the capacity of its three logistics networks: intra-city delivery, last-mile delivery and individual delivery. For intra-city delivery, Dada Now launched the "Dedicated Delivery" service for chain brands, creating a "stationed + crowdsourcing" mixed model to reduce costs, increase efficiency and meet personalized distribution needs of each brand. For last-mile delivery, Dada Now upgraded the training and assessment of riders to ensure the quality and efficiency of deliveries. For individual deliveries, Dada Now launched a "Credit Riders" service to deliver high-value orders. The Company also created a "one-to-one" delivery service to meet the differentiated needs of individual users and small- and medium-sized merchants.

About Dada Group

Dada Group is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China’s largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The Company’s two platforms are inter-connected and mutually beneficial. The Dada Now platform enables improved delivery experience for participants on the JDDJ platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform. In June 2020, Dada Group began trading on the Nasdaq Global Market, under the ticker symbol "DADA."

 

Related Links :

http://imdada.cn