Yearly Archives: 2020

PR Newswire

HelloTalk, the world’s largest language exchange app, releases over 70 free courses in six languages for COVID-19 education and language learning content for those in isolation

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SHENZHEN, China, April 24, 2020 /PRNewswire/ — HelloTalk, a global language learning app and community with 20 million users, is offering a series of free online courses for self-quarantined language learners to pick up a new language through the app without leaving their home.

More than 70 on-demand and large-scale live classes are now available for free in six languages (English, Chinese, Japanese, Korean, French, and Spanish), which are taught using HelloTalk’s e-learning platform. New courses have been added specifically for COVID-19 education, in an effort to help users communicate more clearly with doctors or seek assistance while studying, working, or traveling in a foreign country.

Non-medical related topics are discussed in a livestream format, such as how to maintain productivity while working from home. To date, these courses are available to those living in Mainland China, Japan, Korea, the United States and Europe.

HelloTalk also launched a number of community activities in response to the pandemic, including a shared moment of silence with more than 30,000 users across the globe for those affected by COVID-19.

Along with courses, HelloTalk enables individuals around the world to learn a new language while staying home by chatting with native speakers right from their phone during the quarantine. Each partner teaches the other their native language for free, which is referred to as a “language exchange.” This provides a unique opportunity to chat about the coronavirus situation with locals while learning a new language.

Users are able to engage with each other in multiple ways. One-on-one conversations can be conducted through text, voice, and video calls. Powerful language learning tools like instant translations, corrections, and transliterations help partners converse easily, even without having a firm grasp of their target language. Additionally, users can post and participate in public discussions, which is helpful for understanding the pandemic from a local’s perspective.

HelloTalk’s vision is to use their platform to build a community that strives for cultural understanding and inclusiveness. “Our hope is to spread positivity throughout the world, and in doing so, narrow down the gap between races and cultures. We believe fostering and improving communication among all humans can have an extraordinary impact on uniting us and reducing conflict in the world,” said HelloTalk founder and CEO, Zackery Ngai.

About HelloTalk, Ltd.

Launched in 2012 by Zackery Ngai, HelloTalk is one of the world’s largest language learning and cross-cultural exchange apps. The service is used by 20 million users in 200 countries to learn languages by communicating with each other. HelloTalk uses a proprietary algorithm to best match language partners who are studying each other’s native language, which is called a “language exchange.” AI assisted learning tools are built into the app to make conversing in a foreign language easier, including instant translations, transliterations, transcriptions, partner corrections, and more. HelloTalk also provides course content as both self-guided lessons and livestream classes with instructors. More than 150 languages are supported, such as Chinese, English, Japanese, French, Korean, German, Spanish, Italian, Arabic, Thai, and Hindi.  

HelloTalk introduction video: https://www.youtube.com/watch?v=h57FcWLEveE

For more information about the HelloTalk app, visit www.hellotalk.com. Join HelloTalk on Twitter at twitter.com/hellotalkapp, and Facebook at facebook.com/hellotalk.

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PR Newswire

Mindtree Closed FY20 With Highest Ever Deal Wins of $1.2B and Revenue Growth of 9.4% in CC Terms

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WARREN, New Jersey and BANGALORE, India, April 24, 2020 /PRNewswire/ — Mindtree, a global technology services and Digital transformation company, guiding its clients to achieve faster business outcomes, announced its consolidated results today for the fourth quarter ended March 31, 2020 as approved by its board of directors.

“Our relentless focus and client-first approach have resulted in robust Q4 performance on multiple dimensions – revenue growth of 1.9% in constant currency, expansion of operating margin by 150 basis points and record deal wins of $393M,” said Debashis Chatterjee, Chief Executive Officer and Managing Director. “Looking ahead to fiscal 2021, we anticipate softness in demand due to the unprecedented COVID-19 pandemic. However, we’re well equipped to handle the global crisis based on the business continuity plan we have successfully implemented to ensure the health and safety of our employees while fully supporting our clients worldwide. We remain confident that we will continue to create value for our clients, drive profitable growth, develop future-ready talent and maximize shareholder value.”

Key financial highlights:

Quarter ended March 31, 2020

  • In USD:
    • Revenue at $278.4 million (growth of 1.2% q-o-q / 6.3% y-o-y)
    • Net profit at $28.2 million (growth of 1.8% q-o-q/ on y-o-y basis flat)
  • In INR:
    • Revenue at ₹20,505 million (growth of 4.3% q-o-q / 11.5% y-o-y)
    • Net profit at ₹2,062 million (growth of 4.7% q-o-q / 3.9% y-o-y)

Year ended March 31, 2020

  • In USD terms:
    • Revenue at $1088.8 million (growth of 8.7%)
    • Net profit at $88.5 million (decline of 17.7%)
  • In Rupee terms:
    • Revenue at ₹ 77,643 million (growth of 10.6%)
    • Net profit at ₹ 6,309 million (decline of 16.3%)

Other highlights:

  • Clients:
    • 307 active clients as of March 31, 2020
    • $10 million clients grew by 1, total 23
  • People:
    • 21,991 Mindtree Minds as of March 31, 2020
    • Trailing 12 months attrition is 17.4%
  • BOTs*:
    • Automation is playing a significant role in modernizing our technology service delivery, enhancing both efficiency and speed-to-results for our clients. We are proud to report our BOTs strength that autonomously work along-side our Mindtree Minds, enabling our team to do more and accomplish larger goals
    • We have 764 BOTs employed as of March 31, 2020

*Software that acts autonomously, free from any interference, human or otherwise, to perform a significant task which will otherwise be performed by a human

  • Q4 deal wins with leading global clients:

New Clients:

    • For one of the leading providers of supplemental and life insurance products in North America, Mindtree has been chosen as a strategic partner in a multi-year deal to enhance client experience through digital transformation services for their clients
    • For a travel technology leader, Mindtree has been chosen to manage the outsourced product development covering the large portfolio of airlines, hotels, travel agencies and airports
    • For a leading manufacture in outdoor maintenance and gardening equipment, Mindtree has been awarded a multi-year application development and maintenance services contract as part of the DevOps Transformation Journey. As part of the deal, Mindtree would also help the client to migrate Data Center from a 3rd party provider to client’s own Date Center

Existing Clients:

    • Mindtree won the strategic annuity deal with an existing leading real estate services company to implement end to end digitally enabled technology services and help them embark on digital transformational journey. This deal is strategic not only from a size perspective but also encompasses multi service offerings cutting across IT life cycle. The same was announced as one of our recent press releases 
    • Mindtree to provide application development, testing and support services for a niche technology player that specializes in benefits administration
  • Recognition:
    • Mindtree has been recognized as a Market Leader in Digital Business Solutions in US by Information Services Group (ISG), a leading global technology research and advisory firm.
    • Mindtree has been recognized by ISG as an Archetype Leader in Digital Transformation for capabilities in Continuous Testing, AGILE Development, Digital Business dedication and vision and future investment.
    • Mindtree has been recognized for ‘Excellence in Learning Technology’ and ‘Excellence in Diversity & Inclusion’ by Business World HR excellence awards 2020
  • Announcements
    • The Board of Directors have recommended a final dividend of 100% (Rs 10 per equity share of par value Rs 10 each) for the financial year ended March 31, 2020 which is subject to the approval of shareholders at the Annual General Meeting

About Mindtree

Mindtree (NSE: MINDTREE) is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage. “Born digital,” in 1999 and now a Larsen & Toubro Group Company, Mindtree applies its deep domain knowledge to 300+ enterprise client engagements to break down silos, make sense of digital complexity and bring new initiatives to market faster. We enable IT to move at the speed of business, leveraging emerging technologies and the efficiencies of Continuous Delivery to spur business innovation. Operating in more than 15 countries across the world, we’re consistently regarded as one of the best places to work, embodied every day by our winning culture made up of over 21,000 entrepreneurial, collaborative and dedicated “Mindtree Minds.”

To learn more about us, visit www.mindtree.com or follow us @Mindtree_Ltd

Safe harbour

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. The conditions caused by the COVID-19 pandemic could decrease customer’s technology spending,  affecting  demand for our  services, delaying prospective customers’ purchasing decisions, and impacting our ability to provide on-site consulting services; all of which could adversely affect our future revenue, margin and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

For more information, contact:
INDIA
Tanuja Singh
Mindtree
+91-9741000266
Tanuja.Singh@mindtree.com

UNITED STATES
Erik Arvidson
Matter Communications
+978-518-4542
earvidson@matternow.com

EUROPE                                                                                              
Edward Stevenson
Hotwire
+44-(0)-783-459-7877
Edward.Stevenson@hotwireglobal.com

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PR Newswire

Fang Announces Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results

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BEIJING, April 24, 2020 /PRNewswire/ — Fang Holdings Limited (NYSE: SFUN) (“Fang” or the “Company”), a leading real estate Internet portal in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019.

Fourth Quarter 2019 Highlights

  • Total revenues were $49.3 million, a decrease of 26.7% from $67.3 million in the corresponding period of 2018.
  • Operating loss from continuing operations was $21.0 million, compared to an operating income from continuing operations of $21.1 million in the corresponding period of 2018. 
  • Net loss was $26.2 million, compared to a net loss of $29.4 million in the corresponding period of 2018.

Fiscal Year 2019 Highlights

  • Total revenues were $219.7 million, a decrease of 8.5% from $240.0 million in 2018.
  • Operating income from continuing operations was $24.1 million, an increase of 145.7% from $9.8 million in 2018.
  • Net loss was $7.7 million, compared to a net loss of $114.9 million in 2018.

“In 2019, we had challenges but also achievements,” commented Mr. Jian Liu, CEO of Fang. “For the year of 2020, challenges and opportunities co-exist because of the potential effects of COVID-19. I believe our new initiatives, including online live broadcastings, online exhibitions and VR live, will be strong drivers of our business.”

Fourth Quarter 2019 Financial Results

Revenues

Fang reported total revenues of $49.3 million in the fourth quarter of 2019, a decrease of 26.7% from $67.3 million in the corresponding period of 2018.

  • Revenue from marketing services was $18.9 million in the fourth quarter of 2019, a decrease of 35.0% from $29.1 million in the corresponding period of 2018, mainly due to the decrease in aggregate market demand.
  • Revenue from listing services was $12.7 million in the fourth quarter of 2019, a decrease of 25.3% from $16.9 million in the corresponding period of 2018, mainly due to the decrease in the number of paying customers.
  • Revenue from leads generation services was $14.4 million in the fourth quarter of 2019, an increase of 16.2% from $12.4 million in the corresponding period of 2018.
  • Revenue from financial services was $1.4 million in the fourth quarter of 2019, a decrease of 69.2% from $4.6 million in the corresponding period of 2018, mainly due to the decrease in average loan receivable balance.

Cost of Revenue

Cost of revenue was $4.1 million in the fourth quarter of 2019, a decrease of 41.6% from $7.0 million in the corresponding period of 2018, primarily due to the decline in sales and the optimization in cost structure.

Operating Expenses

Operating expenses were $68.4 million in the fourth quarter of 2019, an increase of 74.3% from $39.2 million in the corresponding period of 2018.

  • Selling expenses were $26.3 million in the fourth quarter of 2019, an increase of 78.9% from $14.7 million in the corresponding period of 2018, mainly due to the increase in promotional expense.
  • General and administrative expenses were $42.1 million in the fourth quarter of 2019, an increase of 71.6% from $24.5 million in the corresponding period of 2018, mainly due to the increase in staff related costs.

Operating (Loss)/Income from Continuing Operations

Operating loss from continuing operations was $21.0 million in the fourth quarter of 2019, compared to operating income from continuing operations of $21.1 million in the corresponding period of 2018.

Change in Fair Value of Securities

Change in fair value of securities for the fourth quarter of 2019 was a loss of $3.5 million, compared to a loss of $31.4 million in the corresponding period of 2018, mainly due to the fluctuation in market price of investments in equity securities.

Income Tax Benefits/Expenses

Income tax benefits were $3.4 million in the fourth quarter of 2019, compared to an expense of $23.7 million in the corresponding period of 2018.

Net Loss

Net loss was $26.2 million in the fourth quarter of 2019, compared to a net loss of $29.4 million in the corresponding period of 2018.

Fiscal Year 2019 Financial Results

Revenues

Fang reported total revenues of $219.7 million for 2019, a decrease of 8.5% from $240.0 million in 2018.    

  • Revenue from marketing services was $94.6 million for 2019, a decrease of 3.8% from $98.4 million in 2018.
  • Revenue from listing services was $63.5 million for 2019, a decrease of 22.4% from $81.7 million in 2018, mainly due to the decreased number of paying members in listing services.
  • Revenue from leads generation services was $43.3 million for 2019, an increase of 103.3% from $21.3 million in 2018, driven by the increase in effectiveness of services and customer acceptance.
  • Revenue from financial services was $9.6 million for 2019, a decrease of 47.1% from $18.1 million in 2018.

Cost of Revenue

Cost of revenue was $26.5 million for 2019, a decrease of 42.9% from $46.4 million in 2018, primarily due to cost savings from optimizing our core business.

Operating Expenses

Operating expenses were $174.6 million for 2019, a decrease of 7.2% from $188.3 million in 2018.

  • Selling expenses were $73.6 million for 2019, an increase of 24.6% from $59.1 million in 2018.
  • General and administrative expenses were $101.1 million for 2019, a decrease of 21.8% from $129.2 million in 2018, mainly due to the decrease in bad debt.

Operating Income from Continuing Operations

Operating income from continuing operations increased from $9.8 million in 2018 to $24.1 million for 2019.

Change in Fair Value of Securities

Change in fair value of securities for 2019 was a loss of $46.1 million, compared to a loss of $167.4 million in 2018, mainly due to the fluctuation in market price of investments in equity securities.

Income Tax Benefits

Income tax benefits were $12.5 million for 2019, a decrease of 34.2% from $19.0 million in 2018, primarily due to the effect of change in fair value of equity securities and the reversal of previously recorded ASC 740 (FIN 48) income tax and interest liability.

Net Loss

Net loss was $7.7 million for 2019, compared to a net loss of $114.9 million in 2018.

Business Outlook

Based on current operations and market conditions, Fang’s management predicts a positive net income for the year of 2020, which represents management’s current and preliminary view and is subject to change.

Conference Call Information

Fang’s management team will host a conference call on the same day at 8:00 AM U.S. Eastern Time (8:00 PM on the same day, Beijing/Hong Kong time). The dial-in details for the live conference call are:

International Toll:

+65 67135600

Toll-Free/Local Toll:

United States

+1 877-440-9253 / +1 631-460-7472

Hong Kong

+852 800-906-603 / +852 3018-6773

Mainland China

+86 800-870-0075 / +86 400-120-0948

Direct Event Passcode

1578624#

Please register in advance of the conference using the link provided below. Upon registering, you will be provided with participant dial-in numbers, Direct Event passcode (1578624#) and unique registrant ID. Get prompted 10 min prior to the start of the conference. Enter the Direct Event Passcode above (1578624#), and your unique Registrant ID, followed by the pound or hash (#) sign to get into the call.

Direct Event online registration: http://apac.directeventreg.com/registration/event/8819045

A telephone replay of the call will be available after the conclusion of the conference call from 11:00 AM ET on April 24, 2020 through 9:59 AM ET May 2, 2020. The dial-in details for the telephone replay are:

International Toll:

+61 2-8199-0299

Toll-Free/Local Toll:

United States

+1 855-452-5696 / +1 646-254-3697

Hong Kong

+852 800-963-117 / +852 3051-2780

Mainland China

+86 400-602-2065 / +86 800-870-0206

Conference ID:

8819045

A live and archived webcast of the conference call will be available on Fang’s website at http://ir.fang.com.

About Fang

Fang operates a leading real estate Internet portal in China in terms of the number of page views and visitors to its websites. Through its websites, Fang provides primarily marketing, listing, leads generation and financial services for China’s fast-growing real estate and home furnishing and improvement sectors. Its user-friendly websites support active online communities and networks of users seeking information on, and other value-added services for, the real estate and home furnishing and improvement sectors in China. Fang currently maintains approximately 74 offices to focus on local market needs and its website and database contains real estate related content covering 665 cities in China. For more information about Fang, please visit http://ir.fang.com.

Safe Harbor Statements

This press release contains 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. Such forward-looking statements are 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,” “is expected to,” “anticipates,” “aim,” “future,” “intends,” “plans,” “believes,” “are likely to,” “estimates,” “may,” “should” and similar expressions, and include, without limitation, statements regarding Fang’s future financial performance, revenue guidance, growth and growth rates, market position and continued business transformation. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Fang’s control, which may cause its actual results, performance or achievements to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, without limitation, the impact of Fang’s transformation back to a technology-driven Internet platform and the impact of current and future government policies affecting China’s real estate market. Further information regarding these and other risks, uncertainties or factors is included in Fang’s filings with the U.S. Securities and Exchange Commission. Fang does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

Fang Holdings Limited

Unaudited Condensed Consolidated Balance Sheets[1]

(in thousands of U.S. dollars, except share data and per share data)

ASSETS

December 31,

December 31,

2019

2018

Current assets:

Cash and cash equivalents

181,702

171,183

Restricted cash, current

218,112

245,474

Short-term investments

118,979

16,043

Accounts receivable, net

67,369

58,687

Funds receivable

8,372

5,474

Prepayments and other current assets

32,954

27,894

Commitment deposits

188

191

Loans receivable, current

60,490

117,602

Amounts due from related parties

369

–

Current assets of discontinued operations

–

26,289

Total current assets 

688,535

668,837

Non-current assets:

Property and equipment, net

695,457

727,739

Land use rights

–

33,153

Loans receivable, non-current

–

6,249

Deferred tax assets

6,362

2,202

Deposits for non-current assets

618

902

Restricted cash, non-current portion

42,452

6,990

Long-term investments

341,946

373,233

Other non-current assets

39,400

4,558

Non-current assets of discontinued operations

–

573

Total non-current assets

1,126,235

1,155,599

Total assets

1,814,770

1,824,436

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:

Short-term loans

267,029

297,811

Short term bond payable

102,779

–

Deferred revenue

136,859

142,473

Accrued expenses and other liabilities

118,977

118,924

Customers’ refundable fees

5,538

3,976

Income tax payable

3,834

2,383

Amounts due to related parties

9,227

19

Current liabilities of discontinued operations

–

35,327

Total current liabilities

644,243

600,913

Non-current liabilities:

Long-term loans

182,321

123,215

Convertible senior notes

169,146

254,435

Deferred tax liabilities

84,964

97,578

Other non-current liabilities

138,001

150,837

Non-current liabilities of discontinued operations

–

2,258

Total non-current liabilities

574,432

628,323

Total Liabilities  

1,218,675

1,229,236

Equity:

Class A ordinary shares, par value Hong Kong Dollar (“HK$”) 1 per share,
600,000,000 shares authorized for Class A and Class B in aggregate, issued
shares as of December 31, 2018 and December 31, 2019: 72,069,645 and

71,775,686; outstanding shares as of December 31, 2018 and December 31,
2019: 65,004,587 and 65,403,005

9,244

9,286

Class B ordinary shares, par value HK$1 per share, 600,000,000 shares
authorized for Class A and Class B in aggregate, and 24,336,650 shares and
24,336,650 shares issued and outstanding as at December 31, 2018 and
December 31, 2019, respectively

3,124

3,124

Less: Treasury stock

(123,226)

(136,615)

Additional paid-in capital

528,357

517,802

Accumulated other comprehensive loss

(93,070)

(75,837)

Retained earnings

270,973

276,746

Total Fang Holdings Limited shareholders’ equity

595,402

594,506

Noncontrolling interests

693

694

Total equity

596,095

595,200

TOTAL LIABILITIES AND EQUITY

1,814,770

1,824,436

Unaudited Condensed Consolidated Statements of Comprehensive Loss[1]

(in thousands of U.S. dollars, except share data and per share data)

Three months ended

Year ended

December 31,

December 31,

December 31,

December 31,

2019

2018

2019

2018

Revenues:

Marketing services

18,919

29,117

94,639

98,377

Leads generation services

14,414

12,407

43,300

21,303

Listing services

12,662

16,948

63,471

81,741

Value-added services

1,712

1,381

5,893

5,182

Financial services

1,426

4,637

9,561

18,060

E-commerce services

191

2,787

2,847

15,384

Total revenues

49,324

67,277

219,711

240,047

Cost of revenues:

Cost of services

(4,086)

(6,995)

(26,472)

(46,392)

Total Cost of Revenues

(4,086)

(6,995)

(26,472)

(46,392)

Gross Profit

45,238

60,282

193,239

193,655

Operating (expenses) income:

Selling expenses

(26,290)

(14,692)

(73,568)

(59,064)

General and administrative expenses

(42,099)

(24,539)

(101,080)

(129,224)

Other income

2,197

5

5,477

4,427

Operating (loss) / Income from continuing
operations

(20,954)

21,056

24,068

9,794

Foreign exchange gain/loss

(46)

(606)

153

(598)

Interest income

4,319

1,910

9,200

10,202

Interest expense

(9,006)

(5,217)

(25,932)

(21,174)

Investment income, net

86

1,011

2,644

6,816

Realized gain on sale of available-for-sale
securities

(721)

148

861

761

Change in fair value of securities

(3,450)

(31,361)

(46,062)

(167,402)

Government grants

184

584

927

1,224

Other non-operating loss

–

(7)

–

(30)

Loss before income taxes and noncontrolling
interests from continuing operations

(29,588)

(12,482)

(34,141)

(160,407)

Income tax benefits(expenses)

Income tax benefits

3,370

(23,697)

12,495

18,989

Net (loss) income from continuing operations,
net of income taxes

(26,218)

(36,179)

(21,646)

(141,418)

Income from discontinued operations, net of income
taxes

–

6,777

13,937

26,509

Net loss

(26,218)

(29,402)

(7,709)

(114,909)

Net loss attributable to noncontrolling interests

(1)

2

(1)

2

Net loss attributable to Fang Holdings Limited
shareholders

(26,217)

(29,404)

(7,708)

(114,911)

Earnings per share for Class A and Class B ordinary shares and per ADS:

Basic

(0.29)

(0.33)

(0.09)

(1.29)

Diluted

(0.29)

(0.33)

(0.09)

(1.29)

Earnings from continuing operations per share for Class A and Class B ordinary shares and per ADS:

Basic

(0.29)

(0.41)

(0.24)

(1.59)

Diluted

(0.29)

(0.41)

(0.24)

(1.59)

Earnings from discontinued operations per share for Class A and Class B ordinary shares and per ADS:

Basic

–

0.08

0.16

0.30

Diluted

–

0.07

0.15

0.29

Weighted average number of Class A and Class B ordinary shares outstanding and ADSs outstanding:

Basic

89,739,655

89,180,170

89,510,533

88,749,432

Diluted

89,739,655

90,473,173

90,073,715

91,994,057

[1] Impact of the Separation of China Index Holdings Ltd (NASDAQ: CIH) (“CIH”) on the Company’s Financial Statements: The separation of CIH represents a strategic shift of Fang and has a major effect on Fang’s results of operations, the business operated by CIH has been reclassified as discontinued operations. For the periods presented in this press release, the assets and liabilities of the discontinued operations are presented separately on the consolidated balance sheets, and the results of the discontinued operations, less applicable income taxes, are reported as a separate component of income, which is income from discontinued operations, on the consolidated statements of comprehensive income (loss).

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PR Newswire

TCL Communication Wins both the 2020 IF and Red Dot Design Awards

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HONG KONG, April 24, 2020 /PRNewswire/ — TCL Communication is proud to accept the recent recognition from both the 2020 IF Design Award and the 2020 Red Dot Design Award for the TCL Pro 10 Smartphone. The company also was awarded another 2020 Red Dot Design Award for the TCL AC1200 Wifi Router, and a 2020 IF Design Award for the TCL PLEX Smartphone.

TCL 10 Pro and TCL LINKHUB Wi-Fi Router AC1200
TCL 10 Pro and TCL LINKHUB Wi-Fi Router AC1200

These industry awards coincide with their global unveiling of the TCL 10-Series smartphone lineup this month. The awards are from two world-renowned international competitions with over 6,000 entries this year. The criteria are based on a comprehensive evaluation of design, innovativeness, and functionality. As of today, TCL accounts for 13% of the global market and is growing the brand value beyond Asia into North America, European Union, United Kingdom and APAC. TCL is using its reputation as a world-leading TV brand and manufacturer to support their branded smartphone product line. TCL is also excited in creating a vibrant and wide-ranging C-IOT Portfolio of products to support connected home ecosystems. So beyond smartphones, TCL is also offering products such as the 5G CPE Home Station, Mesh Routers, Wi-Fi Routers, and Smart Watches. All of these new products will carry the dependability and reliability that TCL is known for. TCL intends to enter the mid-range market and deliver the best product for the money while ensuring a premium experience for the user.

“As one of the world’s leading consumer electronic brands, expanding the TCL base into the mobile business ensures that we are the only Chinese end-to-end manufacturer that offers a fully integrated smart ecosystem encompassing all aspects of life,” said Kevin Wang, CEO of TCL Industrial Holdings. “This capacity for a single company to produce all the products related to the connected devices from phones to routers will allow for the consumer to have an entire system that is intentionally designed to work seamlessly along with being affordable. This is an exciting and worthwhile venture for both the brand and consumer.”

The strategy of TCL to support the C-IOT fully and offer consumers a complete seamless product line is an efficient endeavor and long overdue for the current state of digital ecosystems. When all the components can be supplied from the same manufacturer and engineering teams, the system will work better. This strategy is meant for both commercial and private usage and supports the networking of both for work and study from home, and leisure activities.

TCL 10 Pro: NXTVISION is the cutting edge offering the first curved AMOLED Display.

The award-winning TCL 10 Pro comes in Ember Gray and Forest Mist Green color options. Featuring a sleek, TCL-made 6.47-inch FHD+ curved AMOLED display, TCL 10 Pro uses a sophisticated curved design boasts perfectly symmetrical details, a matte finish on the back for a smooth in-hand feel and an anti-glare screen with a unified, sleek profile. Its curved design allows the screen to “fall” off the edge with minimal bezels to achieve a high screen-to-body ratio and includes Edge Bar shortcuts to quickly access apps one-handed. An array of quad-cameras lens is embedded in a stylish stripe on the rear of the phone, consisting of a 64MP high-res camera, 2.9μm big pixel low-light video cam, 123-degree super wide-angle camera and macro camera.

By leveraging NXTVISION technology to produce nearly accurate colors and enhanced image and video quality, the TCL 10 Pro joins a select group of smartphones on which Netflix is available in HDR10 unlocking a wide range of HDR content with increased contrast and enhanced colors at an affordable price point. The display has also passed TÜV Rheinland Low Blue Light Certification, which protects the user’s eye from harmful blue light without distorting colors.

TCL LINKHUB Wi-Fi Router AC1200 – The data center of your connected home

The award- winning TCL LINKHUB Wi-Fi Router AC1200 is capable of covering up to 120 square meters and supporting up to 64 devices. Powered by the same MU-MIMO and Beamforming technology, it can communicate with multiple wireless devices simultaneously while ensuring a fast and stable connection for each device.

Moreover, the LINKHUB Wi-Fi Router AC1200 brings incredible and robust Wi-Fi coverage to users’ homes. It comes with 6dBi high-gain antennas that greatly expand the wireless coverage to every corner of large homes or offices. Additionally, the AC1200 dual-band Gigabit Ethernet speeds allow users to enjoy ultra-fast and reliable multiple HD video streaming and lag-free, multi-player gaming with a speed of up to 1200Mbps. There are also four Gigabit Ethernet ports, which allow users to connect wired devices directly for internet access. Simple multiple configuration is available for users to set up and control devices, including Web UI, Dedicated APP and All-in-One APP.

ABOUT TCL

TCL is one of the world’s fastest-growing consumer electronics companies, and a global leading television and mobile device brand. Incorporated in Hong Kong, China. TCL operates its own manufacturing and R&D centers worldwide with products sold in more than 160 countries throughout North America, Latin America, Europe, the Middle East, Africa and Asia Pacific. TCL specializes in the research, development and manufacturing of consumer electronics ranging from TVs (TCL Electronics: 1070.HK), mobile phones, audio devices and smart home products.

TCL is a registered trademark of TCL Technology Group Corporation (000100.SZ). All other trademarks are the property of their respective owners. For more information, please visit http://www.tcl.com/global/en.html.

PRESS CONTACT
yijing.zhao@yyoungpr.com

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PR Newswire

Educational Platform Toolshero Offers Global Support in Self-development During Quarantine

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ROTTERDAM, Netherlands, April 24, 2020 /PRNewswire/ — The Coronavirus has surprised us worldwide and forced many people to stay indoors. In trying to make the best of the situation, students and professionals are finding ways to study and work from home. And as the usual day-to-day activities become less or no longer possible, the daily hustle and bustle is replaced with quiet time. This creates new opportunities. For those who want to use this valuable time to educate, develop and empower themselves, Toolshero offers immediate support.

Toolshero ambassador Sheryl Lynn
Toolshero ambassador Sheryl Lynn

Toolshero is an educational platform that makes personal and professional development attainable for everyone by making access to knowledge easy and affordable. During quarantine, toolshero will provide our global community with free access to its online platform for a full month. This gives visitors access to 750+ practical scientific articles on a wide range of topics such as leadership, communication, creativity, marketing, psychology and personal development. These high-quality articles are enriched with templates, worksheets and images, making learning easier and faster.

More than 10 million people in over 100 countries already use the toolshero platform and with its continuous expansion, toolshero is realizing its vision of contributing to a more empowered world. “I’m very proud to be a toolshero ambassador,” says international DJ and former beauty queen Sheryl Lynn Baas. “Especially during these challenging times, I think it’s amazing that toolshero is offering global support. Ever since I competed at Miss World in 2006 and founded the Sheryl Lynn Foundation, education and empowerment have been my advocacy, so I’m excited to help spread the good news!”

More information

Toolshero supports people worldwide to empower themselves through an easily accessible and high- quality educational platform for personal and professional development. The goal is to provide students, professionals, scientists and interested people everywhere with the opportunity for growth by offering them educational tools for further self-development. This valuable know-how can be used in daily practices and the gained expertise of our platform users can be shared with the people around them. This is how we empower our world together.

Kindly visit www.toolshero.com/subscribe for more information.

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PR Newswire

New Hitachi Vantara Virtual Storage Platform Drastically Lowers Data Storage Costs and Simplifies Data Infrastructure Management for Midsize Enterprises

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BANGKOK, April 24, 2020 /PRNewswire/ — Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501), today introduced Hitachi Virtual Storage Platform (VSP) E990, the company’s new storage platform for midsize enterprise customers.

The E990’s high performance and low latency supercharge business applications, and industry-leading data de-duplication guarantees storage cost reductions. Hitachi Ops Center‘s powerful artificial intelligence (AI)-driven management software can also dramatically simplify storage provisioning for AI, machine learning (ML) and containerized applications. The E990 with Hitachi Ops Center provides an NVMe all-flash option for Hitachi Vantara’s family of solutions for midsize enterprises, adding to a broad portfolio of powerful infrastructure solutions that feature best-in-class performance and include Hitachi’s signature 100% data availability guarantee for businesses of all sizes.

The company also unveiled EverFlex from Hitachi Vantara, a program that provides simple, elastic and comprehensive acquisition choices for the E990 and the entire Hitachi Vantara portfolio. EverFlex adds consumption-based pricing models that range from basic utility pricing, to custom outcome-based services, to Storage as a Service. It will align IT spend with business use for midsize enterprises, enabling effective ways to lower cost, avoid wasting capacity and eliminate disruption.

Industry-Leading Deduplication Reduces Storage Costs

With data volumes forecast to rise to 23%[1] and data storage budgets growing only 10%[2] on average, midsize enterprises urgently need solutions to reduce storage costs. The new Hitachi VSP E990 with Hitachi Ops Center delivers industry-leading 4:1 data deduplication – twice that of Hitachi’s closest competitor – guaranteeing to free up 75% of storage capacity[3].

AI-Enhanced Management Tools Radically Simplify Storage Provisioning

Industry analyst firm 451 Research, now a part of S&P Global Market Intelligence, suggests 43%[4] of storage buyers feel unprepared to support increased future demands. Hitachi Vantara VSP E990 combined with Ops Center directly addresses this challenge. Ops Center’s AI-enhanced management streamlines storage delivery by up to 90%[3] for demanding applications. It also reduces manual storage provisioning tasks by up to 70%[3] and delivers root cause issue analysis four times faster to accelerate troubleshooting.

Trusted Performance that Won’t Break the Bank

Hitachi Vantara VSP E990 addresses the data infrastructure reliability challenges that many enterprises continue to face: One-third of enterprises still suffer outages[5] or significant performance degradation as a result of storage reliability issues. VSP E990 delivers Hitachi Vantara’s long-standing leadership in reliability to midsize enterprises at a price point they can afford. It features an all-NVMe architecture with the industry’s leading and lowest-cost IOPS (as low as $0.03 per IOPS) and ultra-low latency for the most resource-hungry business applications.

Predictable Pricing and Flexible Consumption

New EverFlex adds greater choice in consumption-based pricing models that make pricing predictable for cloud-like storage usage. It starts by enabling customers to pay only for what they use and align technology spending with business use to reduce costs by up to 20%[3], eliminating the need to pay for the essential reserve capacity that every installation needs. Added services are available to further reduce costs and avoid disruptions to business by providing outcome-based operational services that help deliver more consistent service levels without placing additional burden on staff.

VSP E990 is Supercharged for Partners, too

The VSP E990 is ideal for partners to deliver innovation and benefits important to midsize enterprise customers. Hitachi Vantara continues to invest in its predictable, profitable and pioneering partner program with enablement tools, marketing resources and incentives designed for distributors and resellers focused on midsize enterprises. Read the blog post by Hitachi Vantara Channel Chief Kimberly King to learn more about the opportunity VSP E990 presents for partners and to read commentary from the company’s global partner community.

Supporting Quotes

“With its Virtual Storage Platform E990 system, Hitachi is upping the ante in midrange storage. The VSP E990 is an all-NVMe system that is both storage-class memory (SCM) and NVMe-over-fabric (NVMEoF) ready, can scale to nearly 6 million IOPS and well over 16 petabytes of effective capacity, provides a ‘no questions asked’ 4:1 data reduction guarantee based on just compression and deduplication, and is backed by Hitachi’s 100-percent data availability guarantee,” said Eric Burgener, research vice president, Enterprise Infrastructure Systems, Platforms and Technologies, IDC. “Midrange enterprises that need room to grow for their mission-critical workloads should look at the compelling value proposition offered by the Hitachi VSP E990.”

“The VSP E990 is really compelling, especially the software,” said Eros Tibor, Team Coordinator, Central European Data Center Compute & Storage Team, KBC Group. “I would buy it.”

“Hitachi Vantara has led the storage industry for decades with proven, reliable data solutions that are time-tested for performance, availability and scalability and backed by our pioneering 100% data availability guarantee,” said Joe Ong, Vice President and General Manager, ASEAN at Hitachi Vantara.

“The VSP E990 storage solution is highly applicable to mid-size and enterprise customers in ASEAN that value cost savings, or that may need modular systems to scale, especially in the hybrid cloud space,” he added.

“A best-in-class, all-flash NVMe storage solution, the VSP E990 is as reliable as high-performance enterprise infrastructure, yet it has agility, which is critical for stability. The robust solution together with the Hitachi Ops Center and AIOps works harder, so that our customers can work smarter for their customers.” 

Availability

Hitachi VSP E990, Hitachi Ops Center and EverFlex are available globally from Hitachi Vantara and its network of partners.

Additional Resources

[1] 451 Research, S&P Global Market Intelligence: “Voice of The Enterprise: Storage, Organizational Dynamics 2019”

[2] 451 Research, S&P Global Market Intelligence: “Voice of The Enterprise: Storage, Budgets and Outlook 2020”

[3] Based on Hitachi Vantara internal testing and/or industry-standard benchmarks against published claims of competitive products

[4] 451 Research, S&P Global Market Intelligence: “Voice of The Enterprise: Storage, Workloads and Key Projects 2019”

[5] 451 Research, S&P Global Market Intelligence: “Voice of The Enterprise: Storage, Vendor Evaluations 2019”

Connect With Hitachi Vantara

About Hitachi Vantara

Hitachi Vantara, a wholly-owned subsidiary of Hitachi, Ltd., guides our customers from what’s now to what’s next by solving their digital challenges. Working alongside each customer, we apply our unmatched industrial and digital capabilities to their data and applications to benefit both business and society. More than 80% of the Fortune 100 trust Hitachi Vantara to help them develop new revenue streams, unlock competitive advantages, lower costs, enhance customer experiences, and deliver social and environmental value. Visit us at www.hitachivantara.com.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focusing on Social Innovation Business combining its operational technology, information technology and products. The company’s consolidated revenues for fiscal 2018 (ended March 31, 2019) totaled 9,480.6 billion yen (USD85.4 billion), and the company has approximately 296,000 employees worldwide. Hitachi delivers digital solutions utilizing Lumada in five sectors including Mobility, Smart Life, Industry, Energy and IT, to increase our customer’s social, environmental and economic value. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

HITACHI is a trademark or registered trademark of Hitachi, Ltd. All other trademarks, service marks, and company names are properties of their respective owners.

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Consumer Electronics, Contributed, Lifestyle

Picture Perfect: Choosing the Best Projector Resolution for Your Needs

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It started with The Magic Lantern in 1895, one of the earliest recorded functional projectors in history, the technology behind projectors today challenges the concept of flexibility, mobility and visual quality. The projector has evolved in so many aspects but one that is particularly significant: the projector resolution.

Projector resolution significantly affects the image quality and our viewing pleasure; it is a measure of clarity & size of the output image. ‘Resolution’ refers to the number of pixels on screen. A pixel is the smallest element on a screen display which produces a complete image when put together. Hence, greater resolution produces greater image quality.

What are the resolution formats available?

Resolution formats vary depending on the intended input/output device and purpose:

Resolution Format
SVGA (800 x 600 pixels)An affordable option for business, large venues and classrooms to project simple data, charts and short clips.
XGA (1024 x 768 pixels)Following the advancement of technology and computers, the XGA format became the native resolution for most desktops and laptops.
WXGA format (1280 x 800 pixels)The widescreen version of the XGA, a common resolution suited to movie-viewing and video gaming.
WUXGA (1920 x 1200 pixels)A standard format for modern desktops and laptops, commonly equipped in large venues due to its bright and high-definition content projection.

Why should we choose a higher resolution at work and schools?

The greater the number of pixels = The higher the resolution = The greater the image quality. When it boils down to image quality, high-resolution formats enrich the quality and detail of charts, graphs, texts and high-definition videos resulting in a sharper, cleaner image[1]. These details are vital for effective classroom learning.

A projector for your home cinema experience

Additionally, high-resolution projectors for home entertainment is an investment for avid moviegoers and film enthusiasts as it allows for an at-home cinematic experience. This allows you to control the quality of your experience to completely immerse yourself in cinematic adventures with more privacy and intimacy.

ResolutionsRecommended Usage
720p (1280 x 720 pixels)An economical choice for movie projection and is compatible with the standard HDTV format
1080p (1920 x 1080 pixels)The standard format for home theatre, commonly used for 1080i/1080p HDTV broadcast and Blu-ray formats
4K UHD (4096 x 2160 pixels)The highest resolution for moving pictures, this means crisp visuals with quality cinematic experience within the comfort of your home

How do we choose the right projector resolution?

It all depends on your content. To guarantee viewing quality and pleasure, the projector’s resolution must be compatible with the content output. For example, the WXGA resolution is best suited with 720p videos and a HD resolution with Blu-ray discs and 1080i HDTV[2]. The projected image quality depends on both the resolution of the content and the projector itself. You may compromise on the content’s quality if the resolution of your input device doesn’t match the resolution of your projector. This happens when your input device (laptop/smartphone), a WUXGA format is projected through XGA formatted projector. The number of pixels will be reduced to fit within the ratio of your projector, reducing the display quality. Hence, making a careful choice in a projector that matches or is higher than the resolution of the input device is necessary to guarantee fine image quality, minimum compression and maximum compatibility[3].

You should opt for solutions that include exceptional image quality with a low total cost of ownership accompanied with excellent reliability and service[4]. Unsurprisingly enough, Epson can provide these and more! Investing in a quality projector, no matter the physical setting and content can improve performance, productivity and ultimately – viewing pleasure.

[1] https://epson.com/projector-guide-how-to-buy-a-projector-resolution

[2] https://electronics.howstuffworks.com/gadgets/high-tech-gadgets/video-projector-buying-guide1.htm

[3] https://www.projectorpoint.co.uk/projector-resolution

[4] https://epson.com/projectors-and-displays

Lifestyle, News

Netflix US Gets Exclusive Rights to Pokémon’s Latest Series: Pokémon Journeys

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Pokémon has become one of the most valuable intellectual properties (IPs) in the world. What started off as a role playing game on the original Nintendo Gameboy, is now a multibillion dollar household name. Most recently, the Pokémon Company released the latest generation games, Pokémon Sword and Shield, on the Nintendo Switch. It has since announced much anticipated expansions to the Galar region; the first of which, Isle of Armour, due out in June.

In classic style, each new region introduced also signals a new adventure for the long running anime. Pokémon’s anime started off in 1997 in Japan and found its way to Western audiences a year later. With Ash Ketchum’s adventures well underway in Japan, the anime is now slated to make its US debut exclusively on Netflix as a Netflix Original.

The new series will follow protagonist Ash Ketchum as he travels the world with his Pikachu. The new series kicks off when Ash and Pikachu meet Goh, an extremely curious boy who looks to catch every Pokémon including the mythical Mew. The duo are appointed as official research fellows by Professor Oak’s prodigy, Professor Cerise. The series will follow the duo as they work towards becoming the ultimate Pokémon Master and catch ’em all around the Pokémon world.

Pokémon Jouneys: The Series will debut with 12 episodes on June 12, 2020. Netflix and the Pokémon Company International will be adding new episodes every quarter after. The new series joins a growing catalogue of Netflix originals which encompass licensed and Netflix produced shows on the platform.

PR Newswire

EnigmaSoft Releases SpyHunter for Mac to Combat Mac Malware’s Unprecedented Rise

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DUBLIN, April 24, 2020 /PRNewswire/ — EnigmaSoft Limited has released SpyHunter for Mac, a powerful malware detection and removal product that brings advanced security and optimization technologies designed for and compatible with macOS®. Although historically it was commonly perceived that Mac® computers were more secure and not as susceptible to malware attacks as Windows systems, this perception has changed dramatically in recent years as Mac malware prevalence and complexity has expanded exponentially across the globe according to various reports.

SpyHunter for Mac - Free Malware Detection & Removal Tool
SpyHunter for Mac – Free Malware Detection & Removal Tool

SpyHunter for Mac is an anti-malware application that has been designed from the ground up to equip Mac users with the necessary tools to help keep their computer systems safe from today’s complex and ever-evolving malware threats. SpyHunter for Mac’s multi-layer scanner detects ransomware, trojans, viruses, botnets, adware, potentially unwanted programs, vulnerabilities, privacy issues (e.g., cookies), and unknown objects.

SpyHunter for Mac includes a vulnerability scanner that detects reported vulnerabilities in installed apps, which could potentially compromise a Mac system’s security and lead to data breaches, ransomware attacks and other disruptive issues. 

SpyHunter for Mac users can take advantage of its Optimization scan which offers easy-to-use features that locate and identify large and/or duplicate files that may unnecessarily waste valuable disk space. It can also flag unnecessary files such as application caches, app leftovers and other hard-to-locate files that users can selectively remove to free up additional disk space.

SpyHunter for Mac’s intuitive App Uninstaller feature provides users with a convenient way to easily uninstall unwanted apps. SpyHunter for Mac’s Startup Manager allows users to configure and fine-tune their Mac system startup settings to optimize the system boot process and custom tailor the user experience.

SpyHunter for Mac includes the Spyware HelpDesk, a built-in 24/7, one-on-one customer support service that directly connects SpyHunter subscribers and EnigmaSoft’s on-staff technical experts to provide assistance with malware issues.

To learn more and download SpyHunter for Mac (FREE!), please visit https://www.enigmasoftware.com/products/spyhunter/. 

About EnigmaSoft Limited
EnigmaSoft Limited is a privately held Irish company with offices & global headquarters in Dublin, Ireland. EnigmaSoft is best known for developing and distributing SpyHunter 5 & SpyHunter for Mac, advanced anti-malware apps. SpyHunter detects & removes malware, enhances Internet privacy, & eliminates security threats – addressing issues such as malware, ransomware, trojans and other malicious threats affecting millions of computer users.

Connect with EnigmaSoft: Twitter | Facebook | LinkedIn | YouTube

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PR Newswire

Pintec Selected as 2020 Asia Pacific “FinTech Fast 101” by IDC

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BEIJING, April 24, 2020 /PRNewswire/ — Pintec is included in the 2020 update of its FinTech Fast 101 research, released by IDC Financial Insights (IDC) in March 2020, which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. The research refers to fast-growing fintech players from China, India, Indonesia, Singapore, Hong Kong, Thailand, Malaysia, the Philippines, Vietnam, South Korea, and Australia. The list outlines 41 the fastest growth fintech players in China market.

IDC applied its Triple U framework – ubiquity, utility, and usability – to determine this year’s FinTech 101 list. The framework evaluates fintech data across the key metrics including addressable market, customer adoption, investments, alliances and partnerships, innovation, chance of survival, and marketing. In this year’s FinTech 101 research, IDC defined fintech as new models for financial services offered through “nontraditional” vendors. It refers to the companies themselves as well as their products mostly focusing on start-ups delivering services built around the new models and technologies.

As a leading fintech solutions provider, Pintec is committed to providing intelligent technical solutions to business and financial partners, enabling them to provide financial services to end users efficiently and effectively. In recent years, Pintec’s state-of-the-art technical service solutions have served lots of financial and business institutions. Key partners include ICBC, aiBank, East West Bank, China Telecom, China Unicom, Ctrip, Qunar etc.  

In April 2020, Pintec established partnership with international technology giants Automation Anywhere and Blue Prism to help financial institutions drive digital transformation with Robotic Process Automation (RPA), an advanced tool to automate business processes. Going forward, Pintec will continue leverage its strong capabilities in technological innovation and rich experience in financial business to develop intelligent products to better serve the financial market worldwide.

About Pintec

Pintec is a leading fintech solutions provider. With its mission to “Power the Future of Finance”, Pintec aims to advance financial services by providing customized and modular fintech solutions to its financial and business partners, including point-of-sale financing solutions, personal installment loan solutions, business installment loan solutions, wealth management solutions and insurance solutions. The company operates a unique SaaS Plus service model. In addition to the industry-leading SaaS service platform, Pintec also offers a full suite of value-added solutions to its customers, including decision support, traffic enhancement, joint operations, and advisory services. Pintec has cooperated with a number of business and financial partners, including but not limited to Xiaomi, Qunar, Ctrip, China Telecom BestPay, Vip.com, Minsheng Securities, Orient Securities, Yunnan Trust, Guoyuan Securities, Bank of Nanjing, East West Bank, China National Investment & Guaranty Corporation, Fullerton Financial Holdings. On October 25, 2018, Pintec was officially listed on the Nasdaq Global Market with American depositary shares trading under the symbol “PT”.

For more information, please visit www.Pintec.com

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