Yearly Archives: 2020

PR Newswire

RevBits announces issuance of U.S. patent for unique product security architecture using zero-knowledge encryption

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Provides Maximum Data Protection in Browsers and Dashboards

MINEOLA, New York, Sept. 8, 2020 — Cybersecurity software provider RevBits today has announced that the United States Patent and Trademark Office (USPTO) has issued U.S. Patent No.US10579542B2 covering technology which provides the security of zero-knowledge encryption for data in transit and at rest, while providing the ease and efficiency of implementation of encryption within the user’s browser.


"As part of our ongoing commitment to provide our customers with the most advanced cybersecurity software solutions to protect their most valuable assets, we are continuously investing to improve the internal security of our solutions," said David Schiffer, CEO. "As our PAM solution manages access for all privileged accounts in a company, it is extremely important  to be well protected against attempts to intercept and potentially abuse its data. The technology covered in this new patent allows us to take this protection to a new level." 

"Using a combination of different encryption and decryption algorithms and keys we make sure that any critical data which is exchanged between browsers and servers is fully protected at all times," said Mucteba Celik, CTO. "All data at transit is double encrypted and data at rest stays in an encrypted state at any time, hence the zero-knowledge encryption. As a result any hostile attempt to access data stored at the servers will fail."

RevBits provides cybersecurity software for privileged access management, endpoint protection, email security and deception technology.  Implementation of this patented architecture in the dashboards of their solutions provides RevBits’ customers with yet another important security feature that up to now was not available in the market.

About RevBits
Established in 2018, RevBits is an innovative cybersecurity company that is dedicated to provide their customers with superior protection based on expert knowledge. RevBits is headquartered in Mineola, NY with offices in Princeton, NJ, Boston, MA and Antwerp (Belgium). For more information on RevBits please visit www.revbits.com

CONTACT INFORMATION:

Company Name:

RevBits, LLC

Contact Name:

Neal Hesterberg

Phone Number:

609 516 2846

Email Address:

neal.hesterberg@revbits.com

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Related Links :

https://www.revbits.com

PR Newswire

OKEx Jumpstart to Support OKB Mining on Its Platform

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VALLETTA, Malta, Sept. 8, 2020 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has announced that its cryptocurrency project accelerator, OKEx Jumpstart, will now support mining on its platform. OKB holders can stake their OKB tokens 14 days before each new Jumpstart project is launched to earn high rewards and staking incentives while enjoying the secure and robust infrastructure that the OKEx exchange provides.

OKEx Jumpstart Mining will allow OKB holders to participate for high yields from OKB staking, with an individual limit of between 100 and 5,000 OKB and a total cap of 8 million OKB. Unlike other existing protocols, there is no lock-up period necessary, and users can decide to unstake at any time, as generous yields are calculated by the minute. 

Participation in Jumpstart Mining begins 14 days before the next new project is launched. 48 hours after their initial tokens are staked, trading can begin. Yield is calculated by minute dividing the total staked OKB amount by the individual’s staked total.

Through the Jumpstart Mining initiative, OKEx aims to create even wider interest for its Jumpstart projects as well as continue to drive value for its adopted utility token OKB by offering holders further incentives. OKB holders can also stake their tokens in a safe environment free from lock-up periods or some of the protocol vulnerabilities experienced in the DeFi space. 

OKEx CEO Jay Hao said:

"We are really excited by this latest initiative, as it deepens our commitment to OKB holders to continue to drive value and utility for the token. Now, they can stake their OKB and earn high rewards in a safe way that lets them unstake their tokens at any time, as the yield is calculated every minute. This gives them an alternative to practices like yield-farming in DeFi where they can earn rewards for locking up their tokens without exposure to some of the risks on current protocols."

According to the OKB Ecosystem Report for August, holders can now take advantage of as many as 76 partnerships outside of the OKEx exchange that allow them to use the OKB token for payment for a range of services including loans, mortgages, tourism and travel, entertainment, C2C services, trading services, and social networking.

OKB holders can also enjoy increased privileges on the OKEx exchange from discounted trading fees to early investment access in Jumpstart projects. Last month, OKB registered a record high burn volume of $21 million in its ninth round of Buy-Back & Burn, further restricting supply and proving more value to its users. 

For further details, please stay tuned to OKEx’s Twitter.

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.

Logo – https://photos.prnasia.com/prnh/20200526/2813046-1-LOGO?lang=0

Related Links :

http://www.okex.com/

PR Newswire

“Halal Restaurant Week Korea 2020” is coming online: KTO presenting “Halal TV” videos for Muslim tourists who miss Korea

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SEOUL, South Korea, Sept. 8, 2020 — Korea Tourism Organization ("KTO", led by President Ahn Young-bae) will broadcast "Halal TV" for about two months from Sep. 14 to Nov. 16 on its YouTube channel (https://www.youtube.com/c/WOWKOREASUPPORTERS) to promote the beauty of Korean tourism for potential Muslim tourists although overseas travel is limited due to the COVID-19 pandemic.

KTO’s "Survey on Muslim Tourists’ Travel to Korea" revealed that many Muslims find the lack of Halal restaurants inconvenient during their visit to Korea. Accordingly, the tourism organization has hosted an annual event called "Halal Restaurant Week Korea" for the past few years to address this issue. The main point of the event is to provide reliable information about Muslim-friendly restaurants serving Halal foods and special offers, including discount coupons.

This year, however, KTO carries out an online promotion for the event as it has become difficult for Muslim tourists to physically visit Korea due to the global pandemic. It plans to post new Halal-themed videos on its YouTube channel. The first video is titled "Halal K-Food Cooking Studio," showing Halal-safe Korean food recipes that are also easy to follow. Hosted by Chef Choi Gwang-ho (winner of MasterChef Korea Season 3), it features easy recipes for some of popular Korean dishes, such as Bibimbap, Tteokbokki, and K-Ramyeon (noodles), using ingredients easily found outside Korea.

In the second video called "Halal Restaurant Tasty Party," Muslim expats in Korea will share their views on some of well-known Halal restaurants across Seoul. It will be hosted by Zahid Hussain, who used to be on a popular Korean show called "Non-summit TV Talk Show". The panels will introduce some of the restaurants participating in the Halal Restaurant Week Korea event and promote a variety of Halal foods, ranging from traditional ones such as Shakshouka and Kebab to fusion dishes such as Halal Bulgogi.

A total of 10 videos will be uploaded every Monday from Sep. 14 to Nov. 16 on KTO’s YouTube channel (https://www.youtube.com/c/WOWKOREASUPPORTERS). In particular, an online promotional event will be organized, where viewers will get a chance to win gift cards when they post the photos or videos of making the dishes introduced on Halal TV’s first video ("Halal K-Food Cooking Studio") on their social network accounts and leave the link in the comments, or write comments about the video.

PR Newswire

‘Lord of Heroes’ Worldwide Release for iOS, Android

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SEOUL, South Korea and SAN FRANCISCO, Sept. 7, 2020 — Clovergames has released Lord of Heroes worldwide on September 7th., the Mobile RPG known for immersive story and attractive characters.

'Lord of Heroes' Launches Worldwide on September 7
‘Lord of Heroes’ Launches Worldwide on September 7

Lord of Heroes has been introduced on several social media by Crunchyroll, one of the biggest American anime, manga streaming websites, and have gotten high expectations from the market ever since. The game has successfully reached over 2 million pre-registered players from 143 countries including the United States, Brazil, France and Russia.

Lord of Heroes is an RPG game which has a storyline of recruiting heroes while expanding the territories and revolutionizing the world. Moreover, it does not include any discriminative content such as gender, race, religion and age. It has received a lot of attention from various players, especially from generation Z.

Last March, Lord of Heroes was pre-released in the Republic of Korea, and was featured in both Google Playstore and Appstore. Users gave high credits to the immersive story and recruitable characters without any random factors. Lord of Heroes has been reviewed by 51k users and reached an average score of 4.7 from both stores. Lord of Heroes will be available globally in 8 languages, including high-quality localization for English, German, Italian, French, Russian, and more.

Lord of Heroes is now available for both Android and Apple iOS. More information can be found at Lord of Heroes Official Facebook page, including a special pre-registration coupon which contains Gold, Mystic Soulstone and Random Artifact Box.

Related Links :

http://www.clovergames.com

PR Newswire

AUKEY Launches its First 20W Power Delivery Wall Charger

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The Tiny Yet Powerful Omnia Nano Wall Charger Could be Fully Compatible with iPhone 12

SHENZHEN, China, Sept. 7, 2020 — Global charging pioneer AUKEY® today launches the new Omnia Nano 20W PD Wall Charger, the first 20W Power Delivery charger from the company. This compact wall charger could be ideal for fast-charging the upcoming iPhone 12, portable gaming consoles, tablets, and laptops, and incorporates both Power Delivery 3.0 and Quick Charge 2.0. Combining both fast charging technologies in one port is extra-efficient and makes this tiny charger extremely versatile. It means you can fast-charge an iPhone, then switch to fast-charging a Samsung Galaxy device using the same port.

AUKEY Launches its First 20W Power Delivery Wall Charger
AUKEY Launches its First 20W Power Delivery Wall Charger

"This charger is AUKEY’s first wall charger with an output of 20W, which we think is the ideal power output for users with the upcoming iPhone 12 series," explains Fei Sha, GM of AUKEY. "AUKEY has worked very hard over the past year to reduce the size and weight of chargers, and this model is a continuation of that work. This is a charger that gives you all the power you need from the smallest possible size".

Could be ideal for iPhone 12

One of the eye-catching features of the AUKEY Ultra Minima 20W Charger is the 20W output, which could fit perfectly with the upcoming iPhone 12. And with a body only slightly larger than Apple’s 5W smartphone charger and weighing just 33 grams, this charger is small enough to comfortably fit in your pocket.

Tiny Yet Powerful

The charger features a single USB-C port capable of outputting up to 20W using the Power Delivery standard, which is enough wattage to charge a Nintendo Switch or even a compact MacBook.

Product Specifications:

Omnia Nano 20W PD Wall Charger

  • Model: PA-B1
  • Technology: Power Delivery 3.0, Quick Charge 2.0
  • Input: 13.5-28V / 4A (DC5521 port), 5-20V / 5A (USB-C port)
  • USB-C Output: DC 5V 3A, 9V 2.22A (20W Power Delivery 3.0), DC 5V 3A, 9V 2A, 12V 1.5A (18W Quick Charge 2.0)
  • Max Power Output: 20W
  • Dimensions: 28.8 x 28.8 x 30.5mm / 1.13″ x 1.13″ x 1.20″
  • Weight: 33g / 1.16oz

For more information, please visit AUKEY Official Web or follow on social media @AUKEYofficial.

About AUKEY

AUKEY is a global charging leader that provides a variety of charging solutions all under one roof. With 15 years of experience in the charging industry, and specializing in USB-C Power Delivery fast charging, AUKEY was a pioneer of GaN tech in chargers. In addition, AUKEY is an innovator of cutting-edge technologies such as AUKEY OmniaChip, Dynamic Detect, and is the producer of the world’s smallest PD chargers.

 

Related Links :

https://www.aukey.com

PR Newswire

Taiwan Innotech Expo (TIE) Showcases Strong Ecosystems in the Post-Pandemic World, Deploying Ahead in Four Areas to Embrace the Smart Future

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TAIPEI, Sept. 7, 2020 — Over 1,000 innovative technologies will lead Taiwan into a smart future. The annual Taiwan Innotech Expo, which brings together industry, government and academia, will be launched at Taipei World Trade Center Hall 1 on September 24, 2020. The Expo exhibitions will revolve around "Resilient Taiwan for a Smart Future" under the themes of "Future Tech", "Innovation Pilot" and "Sustainability". By creating a diversified trading platform, combining local innovation dynamics and regional advantages, and connecting ASEAN countries with Europe, the US, and Japan, Taiwan will become a global IP hub for technology R&D and trading to spread its innovation around the world and promote its "smart value."

The Taiwan Innotech Expo 2019 attracted a large number of domestic and foreign visitors.
The Taiwan Innotech Expo 2019 attracted a large number of domestic and foreign visitors.

Embrace the era of innovation and intelligence with the help of big data

This year, the "Innovation Pilot" theme will demonstrate more than 100 innovative technologies and visualize the transition to the hyper digitization era. This theme consists of four topics: Hyper Automation, IoT, Multi Experience, and New Health. Each of the topics will be presented in different highlights such as the Defense Tech, the Disaster Management Solutions, Future Mobility, and Epidemic Prevention Tech.

Driving the Future of Smart Manufacturing with Hyper Automation

Industry 4.0 is a popular research topic in modern manufacturing industries. From new forms of manufacturing to the transformation of traditional manufacturing, the hyper automation section will look into advanced technologies that combine machine computing and AI techniques as well as future autonomous machines. The aim is to upgrade traditional industries with innovative technologies.

  • Highlights: AIWin’s Fabric AI-AOI
    AIWin has developed an AI-driven AOI system for the Taiwanese textile industry to help customers develop application solutions that can address their pain points. By combining AI software and deep learning technology, the system can achieve an optical resolution of 0.014 mm/pixels, a detection rate of more than 95%, and a speed of 25 meters/minute. It can identify all kinds of defects automatically. Unlike other AI technologies that require massive amounts of data, this system enables users to build AI models quickly to reduce human fatigue.
  • Highlights: Explosion-proof Robots
    Explosion-proof robots designed for bomb disposal experts are disruptor devices and Explosive Ordnance Disposal (EOD) robots for homemade bombs. The liquid disruptor device uses a small amount of explosives which gather the energy of water to fire a high-pressure jet of water to destroy the shells of the bombs or the firing chain, thus reducing the damage of explosion. A specially designed robotic arm which can track the operator’s movements is then used. The operator can move the gripper to a desired location easily through an intuitive control panel to remove bombs precisely or dismantle them with a liquid disruptor device.

Create New Business Opportunities by Connecting Digital Services with IoT

This is especially true in the world of IoT, which employs artificial neural networks to create extensively comprehensive communications and relationships between humans and devices. In the areas of digital governance, digital payment/Fintech, 5G, AI, IoT, and big data in the cloud, edge computing, fog computing, and cloud computing technologies have converted our life into digital data consisting of 1 and 0.

  • Highlights: 5G NR cells and core technology
    Driven by the rapid growth of 5G networks, Industrial Technology Research Institute (ITRI) and Institute for Information Industry (III) have developed a virtualized 5G-NR small cell composed of radio components, physical layers, L2/L3 software, and 5G core software. Compliant with the 3GPP 5G R15 standards, the system leverages the O-RAN architecture. These two organizations also work with Taiwanese server and network communications vendors to boost the global presence of the system. By controlling network virtualization technology and seizing the business opportunities of O-RAN ahead of, Taiwan can reduce reliance on foreign vendors’ technology while becoming a global export hub of 5G equipment.

Building Smart Life with Seamless Transition between Physical and Virtual Worlds

Virtual and real worlds are merging due to the rise of VR/AR applications. The rapid development of imaging and motion sensing technology allows us to gain more VR/AR experiences in smart applications including traffic, environments, homes, wearable devices, and education.

  • Highlights: Cycle Boxer
    Cycle Boxer is the world’s first fitness equipment combining cycling and boxing to improve physical and mental health as well as brain functions. The scientific and interactive punch pad can train brain reaction while enhancing memory, response abilities, and collaboration between the eye and hand. Punch signals are displayed in different colors and patterns and music is played during exercise to provide immersive experience.

Deploying Ahead with New Healthcare Technology

The comprehensive healthcare concept driven by the progress of pharmaceutical and biomedical technologies covers every aspect of life, from food to clothing, shelter, and transportation, as well as problems related to aging, illness, and death. Technology, services, and networks have been adopted to help people manage their health.

  • Highlights: Disposable Medical Coveralls
    To respond to COVID-19, Taiwan has produced state-of-the-art medical coveralls in addition to face masks. The coveralls manufactured by Makalot Industrial for front-line medical staff have passed multiple P3-level tests including sewn seam strength, tearing strength, moisture permeability, hydrostatic pressure, penetration of synthetic blood, and viral penetration. These coveralls are completely made in Taiwan, from materials to the final products.

Strong Participation from International Brands

Apart from exhibitors from 69 countries including leading brands such as Siemens, Corning, NSTDA (National Science and Technology Development Agency of Thailand), Microsoft, Logitech, and Cisco, many small and medium-sized enterprises will also participate in Taiwan Innotech Expo 2020. This event serves as not only a platform to showcase innovative technologies from around the world but also a global IP hub without national boundaries.

Event Details

Taiwan Innotech Expo 2020
Date: September 24-26, 2020
Location: Taipei Word Trade Center Hall 1
Website: https://tie.twtm.com.tw/
Executive Unit (Organizer): Industrial Technology Research Institute

Related Links :

https://tie.twtm.com.tw

PR Newswire

Indonesia Cloud Computing Association (ACCI) and Jakarta Smart City Support World Cloud Show to Unlock Indonesia’s Cloud Potential

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The Jakarta edition of World Cloud Show will take place on 8th September 2020. The virtual conference will aim to unearth trends, strategies and critical investment opportunities impacting cloud adoption in Indonesia with global technology leaders.

JAKARTA, Indonesia, Sept. 7, 2020 — Indonesia’s fast-growing digital economy is significantly enabling the use of cloud technology in the country. With one of the fastest-growing cloud markets in the Asia-Pacific region, Indonesia’s flourishing digital economy is opening new doors for major cloud players like Alibaba and Microsoft to invest in hyperscale facilities. To drive more digital business opportunities in Indonesia’s cloud industry, the country will play host to the first edition of Trescon’s World Cloud Show on 8th September 2020. Supported by the Indonesia Cloud Computing Association (ACCI) and Jakarta Smart City, the virtual conference will convene stakeholders of the cloud computing ecosystem in Indonesia including government authorities to highlight and discuss core data strategies and digital infrastructures that will drive the next phase of cloud adoption in a post Covid-19 era. The show will be hosted on the newly launched virtual events platform, Vmeets.

World Cloud Show, Jakarta
World Cloud Show, Jakarta

"Indonesia has positioned itself as a strategic regional hub in Southeast Asia. With vehement support from the government, the country’s maturing market has provided a conducive environment to drive digital business opportunities," said Mohammed Saleem, Founder and CEO of Trescon. He further added, "World Cloud Show will digitally connect key players in the cloud computing world to help Indonesia foster a connected ecosystem with strong disaster recovery capabilities."

The conference will explore Indonesia’s Cloud computing market by essentially focusing on Cloud Compliance with intelligent, context-aware AI; Multi-cloud adoption and modernizing information architecture; General privacy challenges vs. GDPR specific challenges and compliance and security in a regulated industry; to name a few.

Some of the leading industry experts speaking at the event include:

  • Bambang Dwi Anggono, Director of eGovernment, Ministry of Communication and Information Technology (MCIT) Indonesia
  • Dr. Fei Fei Li, Vice President of Alibaba Group, President, Database Products Business Unit, Alibaba Cloud Intelligence, Utah
  • Edy Susanto, Director, Cloud and Enterprise Business at Microsoft Indonesia
  • Setiaji Head of ICT – Digital Services, West Java Province, Indonesia
  • Juan Intan Kanggrawan, Head of Data Analytics, Jakarta Smart City, Indonesia
  • Anders Rahm Nilzonz, Director of Cloud Center of Excellence, Volvo Group, Sweden
  • Johnson Lopulisa, Head Of Information Technology, The Jakarta Post, Indonesia

World Cloud Show will feature powerful keynotes, panel discussions, technology use-cases, industry solutions, applied cloud showcases and the latest go-to-market innovations. Set in an interactive online environment, participants can also engage with speakers in Q&A sessions and network with solution providers in virtual exhibition booths, private consultation rooms and private networking rooms.

World Cloud Show Jakarta is officially sponsored by: Gold Sponsors – Alibaba Cloud; Microsoft and Qubole, Inc. Bronze Sponsor – Cloud Ace, Inc. and Exhibitor – NeoSOFT Technologies

About World Cloud Show

World Cloud Show gathers pre-qualified CIOs, CEOs, CTOs, Heads of Research, Industry Practitioners, IT Decision Makers and Experts in Cloud Computing among others from cross industry verticals across Indonesia.

Register https://jakarta.worldcloudshow.com/free-pass-registration

Photo – https://photos.prnasia.com/prnh/20200907/2909659-1?lang=0

PR Newswire

58.com Announces Shareholders’ Approval of Merger Agreement

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BEIJING, Sept. 7, 2020 — 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China’s largest online market place for classifieds, today announced that at an extraordinary general meeting of shareholders held today, the Company’s shareholders voted in favor of, among other things, the proposal to authorize and approve the execution, delivery and performance of the previously announced agreement and plan of merger, dated as of June 15, 2020 (the "Merger Agreement"), among the Company, Quantum Bloom Group Ltd, an exempted company with limited liability incorporated under the laws of the Cayman Islands ("Parent"), and Quantum Bloom Company Ltd, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Parent ("Merger Sub"), and the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the "Plan of Merger"), pursuant to which Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of the Parent (the "Merger"), and to authorize and approve the consummation of any and all transactions contemplated by the Merger Agreement and the Plan of Merger, including the Merger.

Approximately 61% of the Company’s total outstanding Class A ordinary shares and Class B ordinary shares, par value US$0.00001 per share (each, a "Class A Share" and "Class B Share," respectively), including Class A Shares represented by the Company’s American depositary shares (the "ADSs"), attended the extraordinary general meeting by proxy. Each shareholder has one vote for each Class A Share or 10 votes for each Class B Share. These shares represented approximately 65% of the total outstanding votes represented by the Company’s total ordinary shares outstanding at the close of business in the Cayman Islands on the record date of August 14, 2020. The Merger Agreement, the Plan of Merger and the transactions contemplated thereby, including the Merger, were approved by over 75% of the total votes cast at the extraordinary general meeting.

Completion of the Merger is subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement. The Company will work with the other parties to the Merger Agreement towards satisfying all other conditions precedent to the Merger set forth in the Merger Agreement and complete the Merger as quickly as possible. If and when completed, the Merger would result in the Company becoming a private company and its ADS would no longer be listed or traded on any stock exchange, including the New York Stock Exchange, and the Company’s ADS program would be terminated.

About 58.com Inc.

58.com Inc. (NYSE: WUBA) operates China’s largest online market place for classifieds, as measured by monthly unique visitors on both its www.58.com website and mobile applications. The Company’s online marketplace enables local business users and consumer users to connect, share information and conduct business. 58.com’s broad, in-depth and high quality local information, combined with its easy-to-use website and mobile applications, has made it a trusted marketplace for consumers. 58.com’s strong brand recognition, large and growing user base, merchant network and massive database of local information create a powerful network effect. For more information on 58.com, please visit http://www.58.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Any statements that are not historical facts, including statements about 58.com’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the possibility that financing may not be available; the possibility that various closing conditions for the transaction may not be satisfied or waived; and other risks and uncertainties discussed in documents filed with the SEC by the Company, as well as the Schedule 13E-3 transaction statement and the proxy statement filed by the Company. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is current as of the date of the press release, and 58.com does not undertake any obligation to update such information, except as required under applicable law.

For more information, please contact:

58.com Inc.
ir@58.com

Christensen

In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
E-mail: Eyuan@christensenir.com

In the U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

Related Links :

http://www.58.com

PR Newswire

China’s Largest K12 Online Education Platform Zuoyebang Sees 390% Surge in Paid Users This Summer

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BEIJING, Sept. 7, 2020 — On August 31, Zuoyebang, China’s largest online education startup providing tutoring to primary and secondary students, released its performance for summer 2020 season. Zuoyebang continues to lead China in paying course students, growth rate and scale of users, while its student acquisition costs are the lowest in China’s online education industry.

Over the summer, Zuoyebang’s total paid live streaming course enrollments grew 390% year-on-year to 7.8 million total enrollments. More than 1.71 million students opted for courses with no discounts, which was an increase of 350% year-on-year. Of these students, over 67% were converted from Zuoyebang’s Super APP, an online learning assistance platform – significantly reducing the cost of new student sign-ups and allowing the company to keep its recruitment costs at less than half the industry average.

To date, Zuoyebang has reached over 50 million total daily active users and 170 million monthly active users across its suite of mobile education apps. In addition, more than 60% of all users live outside China’s first- and second-tier cities – furthering the provider’s commitment to an inclusive education.

"Zuoyebang’s continued success comes as a result of our innovative use of new technologies and ongoing traffic acquired from the Zuoyebang Super APP. Our unique strategy enables us to achieve both scale and efficiency and sets us up with strong foundations for future growth," said Chen Gongming, Co-founder of Zuoyebang.

"The more functional and comprehensive Zuoyebang is, the better the user experience. As students use the Zuoyebang Super APP, we gather valuable data that allows us to deliver tailored course recommendations specific to their educational needs," added Luo Liang, Zuoyebang’s Vice President.

Online education has boomed in China in recent years, and this upward trend is set to continue. Throughout the first half of 2020, over 194 million Chinese K12 students have made the switch from offline to online learning on the wake of the pandemic.

"Looking ahead, Zuoyebang will explore opportunities to develop new courses and expand with new business models. We remain agile and fully committed to developing education for our students. The possibilities are truly endless," said Gongming.

About Zuoyebang

Zuoyebang was established in 2015. As the largest K12 online education platform in China, Zuoyebang offers a comprehensive suite of services including the Zuoyebang Super App, Zuoyebang Live Courses App, Zuoyebang Oral Arithmetic App. Zuoyebang currently has over 800 million users registered in total, with over 50 million daily active users and over 170 million monthly active users. Headquartered in Beijing, Zuoyebang has 11 branches across the country including Wuhan, Xian and Jinan. The edtech startup currently employs over 22,000 staff nationwide and plans to recruit an additional 10,000 staff to assist in job creation in the first half of 2020. At the end of June, Zuoyebang completed its Series E financing of US $750 million.

PR Newswire

Daya Dimensi Global (DDG) officially rebrands to HR Path

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JAKARTA, Indonesia, SINGAPORE and HO CHI MINH CITY, Vietnam, Sept. 7, 2020 — Daya Dimensi Global (DDG) is excited to officially announce their rebranding to HR Path, which will encompass the entire Asia Pacific region that includes HR Path offices in Indonesia, Singapore, Vietnam, Philippines, India and New Caledonia.

"The launching of HR Path rebranding is a great achievement for our business. Our three business lines are to advise, implement, and run – combined to create and support the best end-to-end HR performance solutions for our clients. Expanding through Asia Pacific, with more professional expertise and transferring worldwide knowledge, HR Path joins forces in fulfilling what customers need." said Francois Boulet, Co-Chief Executive Officer of HR Path.

 "We are excited to be officially branded as HR Path and will continue to deliver world class Human Resource transformation projects, staying true to our core values of customer first, quality solutions and end user adoption. We are looking forward to the new chapter in HR Path and further expansion in the region. We’re only just getting started."  said Casper Nel, Managing Director South East Asia, DDG

Indonesia’s Managing Director, Andi Wibisono also said, "We have acknowledged that the launching of HR Path brand is an evolution in our business and have established a stronger team, wider connections to opportunities. We have earned trust from customers around Asia Pacific as an SAP SuccessFactors partner and will continue to grow this trust now as a global leader in Human Resources and we are here to face the transformation challenge.

With the HR Path Asia Pacific rebranding, we gain more leadership, wider development, and deeper experiences that meet the best expectation and better solutions for both the HR Path team and clients.

About HR Path

HR Path, an expert and a major player in Human Resources, helps companies for whom human capital is essential in their digital transformation. Advise, Implement & Run are the 3 business lines of HR Path which contribute to the corporate HR performance. Founded in Paris (France) in 2001, its 1000 talents support more than 1,300 clients in 18 countries. To this date, its turnover is of $125 million.

More information: www.hr-path.com

Follow HR Path on LinkedIn: https://www.linkedin.com/company/hr-path

Press contact:
Fabienne Latour
Vice President, Marketing and Communication
HR Path 
Fabienne.LATOUR@hr-path.com

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