Y Soft Unveils Premium 3D Lesson Plans and Special EDU Bundle to Help Educators Use 3D Printing in STEAM Curriculum

— New exclusive be3D Academy lesson plans available only to YSoft be3D eDee customers

BRNO, Czech Republic and DALLAS, April 21, 2020 /PRNewswire/ — Y Soft Corporation, the leading enterprise workflow solutions provider, today announced premium 3D lessons in YSoft be3D Academy and a new 3D/2D EDU bundle designed to save schools money by combining their regular 2D print management needs with Y Soft 3D printers. 

3D printing in education is a growing market with more and more educational institutions adopting fleets of 3D printers to help STEAM classes illustrate difficult concepts, enhance hands-on interactive learning, and drive class engagement. To help support those efforts, Y Soft worked with educators to develop YSoft be3D Academy. The online library of 3D curriculum features comprehensive lesson plans, guides, videos, models, and presentations. It provides everything needed to conduct a STEAM subject lesson using 3D printing. A model database provides additional models that teachers can use to build their own lessons

While standard be3D Academy 3D lessons are available for anyone to use for free, Y Soft now provides premium 3D lesson plans exclusively for all eDee customers, including those that purchase the new EDU bundle. Premium lessons have the same rich resources as standard content, but only eDee customers can access them. Premium lessons are available today, and more will be added quarterly.

“These premium lessons, and the ones that follow, demonstrate our resolve to provide educators with easy to use and easy to follow lesson plans that help keep students engaged whether in a classroom or even at home,” commented Elke Heiss, Chief Marketing Officer, Y Soft. She added, “We’ve learned from schools that these lessons have helped teachers quickly ramp up their home learning classes during the current work/study at home situation caused by COVID-19.”

EDU Bundle

Y Soft also announced a new affordable education-focused EDU bundle that includes everything a school needs to start leveraging 3D printing in their classrooms. With scarce resources, educators need to be efficient in their print services offerings while finding new ways to engage students in learning. The EDU bundle combines print management for a school’s 2D printers and 3D printers, accomplished through YSoft SafeQ, the company’s print management and document capture software. Combining their print management options and leveraging available grant monies allows schools to justify the investment into 3D printing.

The EDU bundle includes: 

  • YSoft be3D eDee printer, a desktop 3D printer with an enclosed chassis for safety 
  • Three years of free access to premium 3D lessons in YSoft be3D Academy
  • DeeControl layering software, easy-to-use PC/Mac application for 3D print preparation 
  • Intelligent software including:
    • YSoft SafeQ for secure access, the ability to print at any 2D or eDee printer and usage reports 
    • Notifications and pictures during print progress, job completion alerts 
  • Beginner’s Accessory Kit
  • Student/faculty ID Card Reader 
  • Filaments: 3000 grams each of black, white and orange 

Ms. Heiss stated, “This bundle helps schools create an opportunity for students to excel in STEAM subjects and ready them for their future careers at an affordable cost. When a school chooses the be3D eDee solution, they get YSoft SafeQ to manage their 2D and 3D print needs, a unique value only Y Soft can offer.”

The education bundle also includes 3D print training, multi-year support, and installation. Full details can be found at https://be3dacademy.ysoft.com/en/3d-print-solution.

About Y Soft 
Y Soft develops intelligent Digital Transformation office solutions for enterprise, SMB, and Education that empower employees to be more productive and creative. Our YSoft SafeQ® workflow solutions platform enables businesses to manage, optimize and secure their print and digital processes and workflows. Our 3D print solutions are focused in the Education sector where they provide unique ease of use and safety benefits, while utilizing YSoft SafeQ software for seamless 3D print management.  

Founded in 2000, the company is headquartered in Brno, Czech Republic, with offices in North and Latin America, Europe and Middle East/Africa (EMEA) and the Asia Pacific region (APAC). For more information, please visit www.ysoft.com. 

Global:
Steven Knuff
Senior Manager, Global PR and Analyst Relations
steven.knuff@ysoft.com  
+1 512 810-3207

Czech Republic:
Jiří Kocourek
jiri@parco.cz  
+420 775 630 41

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Sogou Inc. Files its Annual Report on Form 20-F

BEIJING, April 21, 2020 /PRNewswire/ — Sogou Inc. (NYSE: SOGO) (“Sogou” or “the Company”), an innovator in search and a leader in China’s internet industry, today announced that the Company filed with the Securities and Exchange Commission its Annual Report on Form 20-F for the fiscal year ended December 31, 2019. The Annual Report is available on the Company’s investor relations website at http://ir.sogou.com/.

The Company will provide a hard copy of the Annual Report containing the audited consolidated financial statements of the Company, free of charge, to a shareholder or holder of the Company’s American depositary shares upon written request.   

About Sogou

Sogou Inc. (NYSE: SOGO) is an innovator in search and a leader in China’s internet industry. With a mission to make it easy to communicate and get information, Sogou has grown to become the second largest search engine by mobile queries and the fourth largest internet company by MAU in China. Sogou has a wide range of innovative products and services including the Sogou Input Method, which is the largest Chinese language input software for both mobile and PC. Sogou is also at the forefront of AI development and has made significant breakthroughs in voice and image technologies, machine translation, and Q&A, which have been successfully integrated into our products and services.

For investor enquiries, please contact:

Jessie Zheng
Sogou Investor Relations
Tel: +86 10 5689-8068
Email: ir@sogou-inc.com 

For media enquiries, please contact:

Rachael Layfield
Brunswick Group
Tel: +86 10 5960-8600
Email: sogou@brunswickgroup.com

Cision View original content:http://www.prnewswire.com/news-releases/sogou-inc-files-its-annual-report-on-form-20-f-301044349.html

Source: Sogou Inc.

COVID-19 Pandemic Impact: Freight Activity Falls After Historic Rise with Disruption Ahead – Double Digit Impact Expected in Q2

ABI Research whitepaper identifies the short-and long-term impacts the global pandemic will have on Freight Transportation and Logistics

OYSTER BAY, New York, April 21, 2020 /PRNewswire/ — It is no surprise that the COVID-19 outbreak has led to panic buying of items such as toilet paper and sanitizing supplies. However, this buying behavior has led to a massive need for trucks to help restock stores, shrinking the capacity available for other products. The result is a historically tight trucking market that has dropped 20% in volume in just the last two weeks, states global tech market advisory firm, ABI Research.

“Rising costs, shrinking capacity, and panicked customers are shaking up the freight transportation and logistics markets,” says Susan Beardslee, Principal Analyst at ABI Research. The American Association of Port Authorities sees 1Q volume decreased by at least 20%, including blank sailings, which may cost carriers US$1.9 billion. Rail freight is also impacted with intermodal down by approximately 50%, including from California’s Long Beach and Los Angeles ports (the leading container ports in the United States and the busiest in the Western Hemisphere). Global air cargo volumes for the last month are expected to be down 9%. New restrictions on passenger travel from much of Europe to the United States will further affect air cargo capacity. DHL alone is reporting an impact of US $79 million to February earnings. All of this adds to the already existent decreases due to the China-U.S. tariff tensions.

“In the short term, there has been more than a six-week delay in shipments for cargo sourced from China. Other markets from Vietnam to Mexico often rely on Chinese components and raw materials, creating a knock-on effect to the supply chain, including transportation and logistics. The initial loss of road transport demand has begun in the ports and is moving to the warehouses and inland routes. Cargo capacity demand in China is beginning to demonstrate some initial signs of growth, with airfreight between China and the United States growing 27% over the last 14 days, creating a demand/supply imbalance,” Beardslee explains. This capacity challenge will move to containers (stranded outside of China) and trucks. However, as the virus has continued to spread outside of China, government actions have included restrictions on travel from 26 European countries to the United States. “Belly cargo” (air cargo) is transported via passenger flights, estimated to be 50% of all air cargo. When this capacity is drastically removed between Europe and the United States, availability will be significantly impacted and spikes in pricing are expected.

“In the longer term, there is little visibility to forecast, which will have a material impact on transportation and logistics this year. The virus is now impacting the global supply chain, with a current estimate of 113 countries identified as reporting cases. Transportation requirements will be hard to predict. Both capacity and pricing swings are anticipated across transportation modes, with the associated impact to shippers worldwide,” says Beardslee.

Shippers need to evaluate options and model changes across modes of transportation, considering interruptions, delays, and significant price increases. Both manufacturers and retailers need to develop prioritization plans for customers, potentially with set limits per customer. Systems integration whenever possible (ERP, Transportation Management System (TMS), Warehouse Management System (WMS)), along with predictive analytics/scenario modeling, is ideal. “Finally, keep in mind that as some countries begin to scale up production and transportation, others may move into containment strategies to address an outbreak. This will require near-real-time visibility across modes and the flexibility to adjust everything from inventory quantities and locations to substitution whenever possible,” Beardslee advises.

For a clearer picture of the current and future ramifications of COVID-19 across technologies and industries, download the whitepaper Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets.

About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research’s global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. 

ABI Research提供开创性的研究和战略指导,帮助客户了解日新月异的技术。 自1990年以来,我们已与全球数百个领先的技术品牌,尖端公司,具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info                                                             

Global                                                             
Deborah Petrara                                                           
Tel: +1.516.624.2558                                                    
pr@abiresearch.com      

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Audiens Bolsters Its Innovative Customer Data Platform with $8M Strategic Investment from Tech Giant NHN

The Audiens Customer Data Platform (CDP) gives digital marketers the ability to instantly personalize their data on their terms, get more out of their customer data and cut the waste from their advertising spend

SAN JOSE, California and CAMBRIDGE, United Kingdom, April 21, 2020 /PRNewswire/ — Audiens, a global independent customer data platform and audience management tool, has received an $8M (£6.5 M) cash investment from South Korea’s NHN Corp. This is the first investment in a European technology company for NHN. The investment accelerates Audiens international expansion plans and strengthens the team in key European markets.

In addition to enriching the Audiens CDP product, the investment opens a new channel for NHN data technology to reach global customers beyond South Korea.

Jonathan Brech, previously Chief Commercial Officer at Audiens, has been appointed CEO to lead the expanded business along with Marko Maras, founder of Audiens, will now head-up product strategy and innovation. Brech was previously the CEO at Cambridge Data, which advised major organizations to develop world-class data-driven capabilities.

NHN has vast quantities of consumer behavior data and is one of the few tech giants outside the western walled gardens of Amazon, Google, Facebook, Apple and Microsoft. Their focus on cloud, data, advertising, fintech and entertainment will enable Audiens to deliver unique competitive audience insight.

With the investment, Audiens plans to augment its plug and play audiences to deliver automatic audience identification and prioritization technologies. They’ll use advanced data processing techniques based on cloud data experience and machine learning techniques from NHN. The company will also embed new standard mathematical models into their CDP and ramp-up data science capabilities to embed better consumer behavior models in the audience management platform.

“Powerful industrial-strength functionality is moving out of the IT and business information domain and directly to the marketing user, to control and evolve, Audiens gives marketers instant visibility on their audience behavior,” said Jonathan Brech, CEO of Audiens. “Our audience management platform also lets marketing collaborate with colleagues on which ‘nudges’ work best to push different audiences to the next most desirable outcome — whether that’s buying media in a smarter way or messaging via email, messenger platform, etc. It’s a much faster way of understanding and responding to the way your consumers are behaving.”

“Audiens has a unique vision to automate audience identification and optimization using data science and machine learning techniques,” said JS Lee, Director of NHN. “By supporting them with our data science, technology and advertising leadership, plus our extensive customer insight data, we can deliver an exciting marketing game-changer.”

“The continued evolution of CDP’s as a result of the elimination of third-party data shows the strength of the CDP platform to marketers. CDPs are a critical technology to any marketer who needs to turbocharge their first-party data and build and manage audiences for engaging marketing campaigns,” said Brech. “CDP’s are the new must-have model for high-impact marketing and this investment from NHN proves the value of our technology platform.”

“Adding NHN’s technology and data science muscle to the simplicity and easy deployment of Audiens CDP platform, gives our global customers the ability to create marketing campaigns that create value faster for their brand,” added Brech. “The investment accelerates our data science studio capabilities and augments our international sales and marketing program.”

Customers, including ING, Iper and Unieuro, use Audiens to optimize their marketing, grow customer lifetime value by up to threefold and achieve up to 50% savings in advertising cost per acquisition (CPA).

For more information about Audiens and their audience management platform, go to www.audiens.com. For more information about NHN go to https://www.nhn.com.

Media contact: press@audiens.com

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Tradewind Finance Supports Businesses with Fast and Flexible Financing Solutions

NEW YORK, April 21, 2020 /PRNewswire/ — Tradewind Finance, an international trade finance company, is offering more flexible financing solutions to address the economic and operational upheaval businesses are presently facing due to the COVID-19 pandemic. The solutions that have been rolled out are intended to help buyers and sellers overcome cash flow and supply chain challenges during a time of global disruption. This includes Tradewind Finance’s move to finance payment terms of up to 180 days for new shipments. With a longer financing period available, suppliers can offer extended payment terms to their buyers. Overall, suppliers and buyers can build a more transparent and trusting relationship with the help of international trade finance companies who can work with both business partners to grow and succeed together.

As supply chains are rattled, the firm is staying attuned to their clients’ needs and is maximizing their efforts to curb these disruptions. They are providing creative solutions to their clients faced with various scenarios, such as those who are forced to hold onto goods that have already been produced.

Not only is Tradewind Finance creating working capital for their clients and alleviating stress on supply chains with more lenient financing parameters, but they are also offering these solutions to new businesses who are interested in their services to help them through the impacts of the current global crisis. The firm works with exporters and importers across a myriad of industries, including medical supplies, seafood, electronics, and apparel.

Tradewind’s trade finance services have helped companies for over 20 years by accelerating cash flow to their businesses. During this challenging period for companies everywhere, Tradewind’s global chief financial officer and senior executive officer Peter Maerevoet insists that trust and collaboration between buyers and suppliers is the key to viability over other immediate fixes that can destroy companies in the long run.

Recently, Maerevoet was approached by Sourcing Journal, a leading apparel and textile publication that serves a worldwide readership of sourcing executives, supply chain executives and others within the industry, to weigh in on the havoc that has been wrought on retailers and suppliers in the fashion sector.  Tradewind Finance has been instrumental in financing the apparel and textile industry for two decades and can help charter fashion companies to safer waters during the current period.

With the unprecedented impacts of COVID-19, retailers and suppliers have to choose whether to cooperate under these new circumstances to preserve partnerships, or instead think of their own survival in the short term, no matter the cost. Maerevoet shares his thoughts on why trust and collaboration are critical in the Sourcing Journal article titled, “Collaboration, Compassion Key for Supply Chain Crisis Management”, in which he was featured:

“Relationships with mutual trust have a much better chance to survive crises than some opportunistic or tactical price-driven relationships.” “I think that’s something you will see in the next couple of months that a lot of these opportunistic relationships… will stop forever or at least for a couple of years. And those strategic relationships where people have had mutual trust for many years will survive the crisis and they’ll even be stronger.”

As businesses look to survive — and even thrive — in a period with negative impacts that permeate all facets of the world, Tradewind Finance is providing much-needed support to weather the storm. With the firm’s cash flow solutions, credit protection, and facilitation of longer payment terms, buyers and suppliers can maintain their business partnerships and overcome cash flow hurdles.

Contact info:
Tradewind Finance
contact@tradewindfinance.com
212-765-4349
https://www.tradewindfinance.com/

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Tech & Tonic Episode 10 – Apple and Google on the Same Page?

In this week’s Tech & Tonic Podcast, which was also a livestream in the morning, it is just the two of us again. We explored plenty of things that came out last week though. We spoke about the collaboration between Google and Apple. We think that there is going to be a significant long-term benefit to the collaboration for the health care industry.

Apple also launched their brand-new Apple iPhone SE last week. The iPhone SE is meant to be their latest, and most affordable Apple iPhone. It still packs an A13 Bionic processor though, so it comes packing with power.

We also discussed about OnePlus’ new flagship, the OnePlus 8. In that, we spoke about how similar it is to another flagship that was launched earlier this year. Still, it seems like a good flagship contender for 2020.

We finally unboxed the HUAWEI MatePad Pro too (unboxing later this week). We discussed about how we actually liked the device. Of course, without Google’s Mobile Services, we feel that it is a little lacking somehow. Still, we like it.

That brought us to another topic of mobile ecosystems though. Is HUAWEI Mobile Services a good alternative to the Google Play ecosystem? Should you even consider it. We spoke about that, and more in the latest Tech & Tonic!

Is Privacy Our Sole Concern With Contact Tracing Technology?

This week the Guardian reported an alleged ‘standoff’ between the NHSX (the digital innovation arm of the NHS) and tech giants Google and Apple regarding the deployment of contact tracing technology aimed at curbing the spread of the Covid-19 virus. The debate is on two predominant issues; first, the base technology to be used and second, how the data will be stored.

Sidestepping the first issue which sees Google and Apple aiming to implement their feature directly on a device’s operating system while the NHSX version requires a downloadable dedicated application, this article will focus on the issue of privacy arising from the second issue.

In essence, Apple and Google have insisted that if there is to be any collaboration between the NHSX and them for the purposes of contact tracing the storage of all data will have to be decentralised. The NHSX, on the other hand, is pushing for centralised storage of data.

What’s the difference?

Before deciding on one system or another, it’s best to understand the basics of the distinction between these systems.

A centralised system has a single storage point and controller of the data collected. The central controller of the data may grant access to other users but remains ultimately responsible for the system as a whole. A centralized system is relatively easy to set up and can be developed quickly. Such a system is very useful where continuous modifications to the parameters of the system are expected or where the use of the data needs to be adapted for different purposes.

In contrast, a decentralised system has multiple controllers of data all of whom collect and store copies of the data on their respective systems. This system allows for quicker access to data and less risk of downtime as a fault with one controller will not necessarily affect the others.

The third form known as a distributed system in which there is no single central owner at all and instead gives collective ownership and control to each user on the network is unlikely to be used by either party.

Each system has its advantages and disadvantages and to make a decision between a centralised and a decentralised system the NHS and the tech giants will need to take into consideration a range of issues including:-

  1. The overall effectiveness of the technology;
  2. The adaptability of the system to the shifting demands of research;
  3. The cost of deployment and maintenance;
  4. Whether or not the system is a security risk for the user;
  5. Whether there are compliance concerns.

Why is a decentralised system so important?

Google and Apple have been clear that the reason for a proposed decentralised system is to avoid the risk of mass government surveillance presently or in the future. This is a genuine concern as the data being collected will be directly related to a user’s location and medical history. Although not absent from criticism, this position is the preferred option and has been supported by academics and numerous civil rights groups including the Electronic Frontier Foundation and the American Civil Liberties Union. 

Still, the European position is split with the seven governments supporting the project known as the Pan-European Privacy-Preserving Proximity Tracing (PEPP-PT) which proposes a centralised repository of data and a growing following for the Decentralised Privacy-Preserving Proximity Tracing (DP-3T) advocating a decentralised system.

The NHS itself may not be intent on surveillance however being publicly funded draws immediate speculation to its government links. In addition, both the NHS and the UK government have had a poor record of handling large scale IT projects such as the failed £11bn National Programme for IT, scrapped in 2011 and the plans for a paperless NHS by 2018 which could not even take off.

What about the NHS position?

Unfortunately, the focus on privacy risks coupled with the NHS’s bad track record in the field of technology projects have detracted from the core issue at hand – What does the NHS need right now to curb the spread of the Covid-19 virus?

Ross Anderson, an advisor to the NHS on its contact tracing application highlighted the problem with a decentralised system:-

…on the systems front, decentralised systems are all very nice in theory but are a complete pain in practice as they’re too hard to update. We’re still using Internet infrastructure from 30 years ago (BGP, DNS, SMTP…) because it’s just too hard to change… Relying on cryptography tends to make things even more complex, fragile and hard to change. In the pandemic, the public health folks may have to tweak all sorts of parameters weekly or even daily. You can’t do that with apps on 169 different types of phone and with peer-to-peer communications.

(https://www.lightbluetouchpaper.org/2020/04/12/contact-tracing-in-the-real-world/)

The Covid-19 virus took approximately 2 months to infect 100,000 UK residents and the spread has shown few signs of a slowing infection rate. Time is critical in this situation and correspondingly, flexibility in adapting to the constantly changing nature of the infection is a necessity. Decentralised systems do not allow for rapid evolution.

In addition, we should consider that unlike centralised systems, decentralised systems are often unencrypted. While trying to prevent a government from carrying out surveillance, the Google and Apple system may inadvertently open itself up to more security problems than expected. In fact, they have themselves admitted this risk stating that nothing is “unhackable”.     

As a second consideration, the API that Google and Apple will release will likely have strict limitations on the type of data that may be collected. For example, the NHS would not be able to gather a list of every person a user has been in contact with based on user proximity. Instead, it will utilise a more manual version of contact tracing involving sending every phone in the system a list of other phones that have been reported as contagious, and asking the user whether they have “seen this user” Such a system relies heavily on user verification which is often incorrect or simply disregarded.

Key location data which may be used for developing population flow maps and anticipating the further spread of the virus will likely not be made available under Google and Apple’s current proposal. It is also important to note that data from contact tracing could be used beyond the scope of curbing the spread of the virus i.e. for decisions on directing the flow of emergency aid, development of temporary healthcare facilities, deployment of healthcare equipment and personnel.   

What has been going on elsewhere?

Contrasting the UK’s situation, the Asian experience, having less stringent data protection regulations, have taken remarkably different approaches to Europe in general.

Hong Kong, for example, introduced the mandatory use of an electronic wristband connected to a smartphone application to enforce quarantine for arrivals from overseas. Users refusing to adopt this requirement are refused entry into the country.

South Korea won praise for both tracking and publishing data relating to affected person’s travel routes and affected areas, the data being collected through the government’s application as well as numerous independent applications. Residents also receive numerous location-based emergency messages and are not allowed to opt-out of this function.

China’s measures, which have come under considerable question, see a private entity collaboration through the Alipay Health Code. Citizens are given a ‘traffic light’ status that determines the restrictions that will be imposed on them. Although the exact basis for determining a person’s status is not known the status has widespread application including restriction of access to certain public facilities and payment systems.

Privacy concerns of these measures aside, all these countries have seen a considerable reduction in the spread of the Covid-19 virus. While it would be premature to suggest that this is solely attributable to the contact tracing measures implemented there is no doubt that the quick and extensive deployment of the technology has contributed to the battle against the virus’ spread which begs the question:

Is privacy getting in the way?

In 1890, Brandais and Wallace, pioneers of modern day privacy wrote:-

…To determine in advance of experience the exact line at which the dignity and convenience of the individual must yield to the demands of the public welfare or of private justice would be a difficult task…

The UK and indeed Europe are at this juncture and need to decide on the cost of the compromise as the death toll and infection rate continue to increase. History reminds us that the greatest privacy and surveillance violations occurred when the world was focused on a raging war and in fact it is times like this that we must be most vigilant about rights.    

Xinhua Silk Road: International economic, trade, tourism festival spurs dev. of E China’s Yangzhou

BEIJING, April 21, 2020 /PRNewswire/ — The 2020 China Yangzhou Flowery March International Economic, Trade and Tourism Festival kicked off on April 18 in Yangzhou of east China’s Jiangsu Province with 36 key projects contracted at the opening ceremony.

It is learned that 178 projects with a gross investment of 187.83 billion yuan will be contracted during the festival, involving advanced manufacturing, modern services and sci-tech cooperation.

The project signing ceremony at the 2020 China Yangzhou Flowery March International Economic, Trade and Tourism Festival. (Photo/Voice of Yangzhou)
The project signing ceremony at the 2020 China Yangzhou Flowery March International Economic, Trade and Tourism Festival. (Photo/Voice of Yangzhou)

During the festival, the city will issue tourism and catering cards to visitors through online and offline channels to let them enjoy a cash rebate, aiming at expediting the building of a well-known international cultural tourism city and fostering the recovery of the service sector.

The festival also witnessed the unveiling ceremony of “Food Capital of the World”.

As a city with a history of 2,500-odd years, Yangzhou was rated as China’s fourth “Food Capital of the World” in 2019 after Chengdu in southwest China’s Sichuan, Shunde District of Foshan in south China’s Guangdong, and Macao.

As a member of the UNESCO Creative Cities Network, Yangzhou has taken a comprehensive set of actions in response to the COVID-19 outbreak, and introduced specific measures to support local catering sector, Ernesto Ottone Ramírez, Assistant Director-General for Culture of UNESCO, said via video connection.

He believed Yangzhou has the ability to get through the crisis with its strong cultural resources and gastronomic traditions.

Yangzhou will ramp up efforts in developing industrial clusters involving automobiles and parts, high-end equipment, and new power equipment, microelectronics and software and information service, and high-end textiles and clothing, ocean engineering equipment and high-tech ships, biomedicine and new medical devices, food, and aviation, said Zhang Baojuan, Mayor of Yangzhou.

The city is facing unprecedented development opportunities brought by the Yangtze River Delta integration, the Grand Canal Cultural Belt and other national development plans. The convenient modern transport, profound cultural heritage and sci-tech innovation, international and standardized business environment, and convenient living environment together make Yangzhou an ideal place to live, work and start businesses, said Xia Xinmin, Secretary of CPC Yangzhou Municipal Committee.

It’s reported that the Flowery March International Economic, Trade and Tourism Festival has been held for 19 consecutive years, and has become an important platform for promoting Yangzhou’s economic and trade cooperation and cultural exchanges at home and abroad.

See the original link: https://en.imsilkroad.com/p/312895.html

Photo – https://photos.prnasia.com/prnh/20200421/2781004-1?lang=0

Tencent Music Entertainment Group to Report First Quarter 2020 Financial Results on May 11, 2020 Eastern Time

SHENZHEN, China, April 21, 2020 /PRNewswire/ — Tencent Music Entertainment Group (“Tencent Music”, “TME”, or the “Company”) (NYSE: TME), the leading online music entertainment platform in China, today announced that it will report its unaudited financial results for the first quarter of 2020 after the U.S. market closes on Monday, May 11, 2020.

Tencent Music’s management will hold a conference call on Monday, May 11, 2020, at 8:00 P.M. Eastern Time or 8:00 A.M. Beijing Time on Tuesday, May 12, 2020, to discuss the financial results. Listeners may access the call by dialing the following numbers:

United States Toll Free: 

+1-888-317-6003

International:

+1-412-317-6061

Mainland China Toll Free:

400-120-6115

Hong Kong Toll Free: 

800-963-976

Access Code:

4624371

The replay will be accessible through May 18, 2020, by dialing the following numbers:

United States Toll Free:

+1-877-344-7529

International:

+1-412-317-0088

Access Code:

10142408

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.tencentmusic.com/.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME) is the leading online music entertainment platform in China, operating the country’s highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. Tencent Music’s mission is to use technology to elevate the role of music in people’s lives by enabling them to create, enjoy, share and interact with music. Tencent Music’s platform comprises online music, online karaoke and music-centric live streaming services, enabling music fans to discover, listen, sing, watch, perform and socialize around music.

For more information, please visit ir.tencentmusic.com.

Investor Relations Contact

Tencent Music Entertainment Group
ir@tencentmusic.com
+86 (755) 8601-3388 ext.871720

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Vestiaire Collective Raises €59 Million to Support Its Community in Changing the Fashion Industry for a Better Tomorrow

PARIS, April 21, 2020 /PRNewswire/ —

  • The new round brings on board Korelya Capital, funds managed by Fidelity International, Vaultier7 and Cuir Invest
  • Existing shareholders Eurazeo (Eurazeo Growth & Idinvest Venture funds), Bpifrance, Vitruvian Partners, Conde Nast, Luxury Tech Fund and Vestiaire Collective’s CEO, Max Bittner also reinvest
  •  The round will be used to:
    Continue transforming the fashion system while offering a smart, circular and responsible alternative to throw-away fashion
    Jointly explore the expansion of the global business into Japan and Korea through Korelya Capital, backed by Naver
    Expand the launch of Direct Shipping service in the US

Ahead of Earth Day’s 50th anniversary and in this unprecedented period of uncertainty, Vestiaire Collective, the leading global platform for desirable pre-owned fashion today announces the completion of a €59 million round of financing, existing shareholders reinvest alongside new investors Korelya Capital, which is backed by Korean technology conglomerate Naver, funds managed by Fidelity International,  Vaultier7, a specialist female-led consumer fund, and Cuir Invest, which is backed by the French Leather industry.

The current economic and ecological crisis are accelerating an existing shift in consumer mindset, driven by growing criticism of waste-producing business models, and increased desire for purpose-driven brand action. As a company, Vestiaire Collective is committed to limiting the waste produced by the fashion industry, by keeping clothes out of landfill and increasing the number of times they are worn today, for a better tomorrow.

As the leading global resale platform, this round demonstrates that the Vestiaire Collective model embodies the future of the fashion industry and unifies growing consumer sentiments. Following the COVID-19 crisis, we expect:

  • Further adoption of online shopping, but more importantly an increased focus on social values and communities, with more people supporting each other.
  • Consumers are set to become increasingly resourceful as they look to resale as an additional way to raise funds and find unexpected value in their wardrobe.
  • Environmental concerns will further drive a more conscious approach to consumption, as 20% of consumers expect to reduce their clothing consumption following the crisis*.

Vestiaire Collective has seen deposits and orders quickly rebound to the pre-COVID 19 baseline or above. During this challenging period this clearly demonstrates customer demand for circular business models, both now and looking ahead to the future of the rapidly evolving retail landscape.  

Vestiaire Collective encourages a move away from throwaway fashion towards quality that lasts and holds value. We believe that today, our community of over 9 million fashion activists will be proud to lead by example and spread the word converting more consumers to the cause. Because in the end, it’s not the big, impressive statements that will make the most impact, but the meaningful change taken every day by individuals, no matter how small or large. We trust Vaultier7 as members and ambassadors of the Vestiaire Collective community to help us build on this momentum by expanding in the most thoughtful way. We are also excited by their extraordinary network which will  support us in further unlocking underutilized personal luxury goods to meet the demand of buyers globally.

This new round of funding will also allow for further acceleration of Vestiaire Collective international business beyond the countries where the company’s community is already well established. Currently, over 80% of the French headquartered company’s transactions are already generated cross-border.

Thanks to Korelya Capital, which is backed by Korean technology conglomerate Naver, Vestiaire Collective will jointly explore the expansion towards Japan, the biggest resale market in the world, and Korea in 2020 and beyond.

Finally, this round will help us continue to drive ambitious growth in the US market and further develop our successful Direct Shipping model. Launched in Europe in September 2019 the service is increasingly popular with a growing number of customers. Currently already over 50% of orders in the EU are fulfilled through the new service, which is also growing at a rate of +60% MoM. The model will be launched in the United States in early summer followed by Asia before the end of 2020.

Max Bittner, CEO of Vestiaire Collective - Investment Announcement
Max Bittner, CEO of Vestiaire Collective – Investment Announcement

Max Bittner, Vestiaire Collective’s CEO comments:

“I am personally convinced that this unprecedented period of disruption will not only challenge where we shop but how we shop. Vestiaire Collective was built during the 2008 crisis, and proves today how it can help people in their daily life to make the most out of their belongings, but also to access fashion in a sustainable and conscious way. Everyday, I feel proud and amazed by our global community of fashion activists who are leading the way towards a brighter future.”

Paul Degueuse, General Partner of Korelya Capital says,

“As we all take a step back and contemplate the way we live, we believe consumption patterns are on the verge of a deep structural evolution, and C2C platforms have a strong role to play here. We see in Vestiaire Collective an emerging leader and catalyst of this upcoming disruption. We are extremely enthusiastic to support Vestiaire Collective and its founders in its expansion. There are tremendous opportunities for growth in Asia, and we look forward to helping the company accelerate its expansion in this part of the globe.”

Vaultier7 comments:

“Vestiaire Collective has transformed the way people consume desirable and luxury fashion with its trusted and inspirational resale model and we are truly proud to be there at this time to support them in their mission, and support buyers and sellers across the globe on their path to cautious, minded consumption, values which are more important than ever and which are at the core of Vaultier7.”

Frank Boehly, Président of SIC SA investor Cuir Invest, says,

“Cuir Invest is happy to support Vestiaire Collective, as it is a company with an impressive management team, and huge growth potential. We have been impressed by the technological quality of the solution, by the quality and the dynamism of the management team, and by their intelligent and sustainable approach to fashion. We truly believe that Vestiaire Collective can become the world leader in their sector.”

NOTES TO EDITORS:
*McKinsey Covid-19 response in Apparel and fashion study 

About

About Vestiairecollective.com Vestiaire Collective is the leading global platform for desirable pre-owned fashion. Curated by its trusted community of fashion lovers, members inspire one another whilst selling and buying unique pieces from each other’s wardrobes. Encouraging consumers to join the circular economy as a sustainable alternative to throw-away fashion, the platform is unique due to its highly engaged community, its rare desirable inventory and its authenticity and quality control process. Launched in Paris in October 2009, Vestiairecollective.com has over 9 million members across 90 countries worldwide with offices in Paris, London, New York, Milan, Berlin and Hong Kong. Over 60,000 new items are submitted by its community of sellers every week, which enables buyers to search amongst highly coveted and sold out fashion pieces whilst participating in the circular fashion movement. @vestiaireco

ABOUT VAULTIER7

Founded by experienced dealmakers Montse Suarez and Anna Sweeting, and backed by elite investors, Vaultier7 is the UK’s first specialist investment fund dedicated to partnering high growth category creators and disrupters in the converging sectors of Beauty & Personal Care, Health & Wellness and Lifestyle.

Vestiaire Collective - Investment Announcement
Vestiaire Collective – Investment Announcement

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