JS Global Lifestyle Wins “Listed Company with the Best Investment Potential” Award

SHENZHEN, China, Dec. 3, 2020 — JS Global Lifestyle Company Limited ("JS Global" or "the Company") announced that the Company has won the "Listed Company with the Best Investment Potential" award at the 10th Hong Kong International Finance Week and China Securities "Golden Bauhinia Award" Ceremony.

The award recognition reflects improved market confidence in the company’s investment potential and was reviewed by the Listed Companies Association of Beijing, Chinese Securities Association of Hong Kong, and Chinese Financial Association of Hong Kong among other trusted professional authorities.

After 30 years of development, China’s capital market has fostered a growing number of global companies that have created innovative services and products for the rest of the world. The recognition of JS Global Lifestyle as one of the Listed Companies with the Best Investment Potential at this Forum is also a testimony to the continued vitality of Chinese companies.

Rooted in Chinese and U.S. markets, JS Global Lifestyle is a global leader in innovative, high-quality small household appliances which incorporates three major brands: Shark, Ninja and Joyoung. JS Global Lifestyle achieved another milestone in 2019 with annual revenue reaching over $US 3 billion, up 12.5 percent year on year. In face of the challenge of the global economy and the COVID-19 pandemic, JS Global Lifestyle has readjusted its sales strategies at home and abroad to seize business opportunities during this unprecedented global crisis.

"It is our honor to share JS Global’s experience with the experts and executives at the Hong Kong International Financial Forum," said Han Run, CFO of JS Global Lifestyle.

"JS Global Lifestyle is actively committed to national development initiatives and the rapid development of the Guangdong-Hong Kong-Macao Greater Bay Area especially the relaxing of finance rules to ride the wave of economic transformation spearheaded by technology and innovation to enhance its status as a global leader in high-quality, innovative small household appliances," she added.

Delivering services and products to meet new consumption demands driven by the new economy and the exciting development of video live-streaming, JS Global has expanded its userbase by exploring these new digital services to create new sales channels. In addition, the company also created a new retail operation model to match the company’s development. The company’s performance is bucking the trend as a result.

Despite the difficulties Joyoung experienced over the last few months, such as the closure of brick and mortar stores, the brand has achieved positive growth in domestic sales in the first quarter of 2020 through the new retail modal and live streaming marketing to reach more potential customers. Shark and Ninja have also quickly adjusted their sales strategies and strengthened their e-commerce platforms. They have launched a series of new products, such as VacMop, Foodi indoor oven, double-basket air fryer and high-end intelligent navigation sweeping robot, which consumers have taken a shine too.

Now, JS Global Lifestyle ranks sixth globally in the small household appliance industry, and third among small household appliance-focused companies. Following its rapid expansion in Europe in recent years, JS Global Lifestyle now ranks second in the UK’s upright vacuums market and is gradually developing its German and French markets. At the same time, JS Global Lifestyle benefits from its management team’s excellent leadership and as a result, has seen optimized operating costs, improved operating efficiency and increased speed to research, develop and release products. It also allows for compatibility in the design of Chinese and American products to help consumers in these markets better understand and experience high-quality product design.

Related Links :

http://www.jsgloballife.com

Gubagoo Releases Revolutionary Automotive Digital Retailing Platform


Powering Asbury Automotive’s new eCommerce offering ‘Clicklane’, Virtual Retailing 2.0 is now available to dealers nationwide.

BOCA RATON, Fla., Dec. 3, 2020 — Gubagoo – the leading provider of digital retailing, conversational commerce, chat, and messaging solutions for Automotive Dealerships – announced a powerful new release of its industry-leading Virtual Retailing platform.

With online car sales soaring across the nation, there has never been a more compelling time for automotive dealers to embrace digital retailing. The industry is quickly moving from early adopters to the tipping point of wide adoption, with the pandemic having accelerated dealerships’ demand for online eCommerce tools.

Built on a conversational commerce platform, Gubagoo’s Virtual Retailing has been a market leader since its introduction in 2019. The platform allows customers to purchase a vehicle online, and arrange delivery to their door.

The new release provides real-time, data-driven trade-in values, VIN-specific F&I products personalized to the driver, and is the only retail platform offering an automotive loan marketplace with more than 30 lenders including online contracting and signature.

"The entire process of purchasing a vehicle can be completed in the same amount of time as it takes to purchase groceries, online," said Brad Title, CEO of Gubagoo. "With an integrated, seamless transition between online and in-store, any dealer, anywhere in the country, can now offer the ultimate frictionless car-buying experience for their customers."

Asbury Automotive Group, one of the nation’s largest dealership groups, has launched Clicklane, their full eCommerce solution, powered by Gubagoo’s Virtual Retailing 2.0 platform. Close collaboration between Asbury and Gubagoo was key to the innovation leaps made in this new release.

"Gubagoo’s new release of Virtual Retailing was the only solution that could meet our demanding standards for the end-to-end eCommerce experience we envisioned for Clicklane," said David Hult, CEO of Asbury. "Their execution and support have been flawless, and their product is positively a game-changer."

Asbury Automotive’s press event can be viewed online: https://www.asburyauto.com/clicklane/watch

From the beginning, Gubagoo’s approach to automotive eCommerce has been to ensure that consumers enjoy a fast, fun, and easy purchasing experience.

Gubagoo’s Virtual Retailing and messaging tools empower dealers to monitor, engage, and connect with consumers in real-time, through chat, text, Messenger, or video conferencing. Providing guided assistance online and offline is key to staying connected to consumers through the buying journey.

"Websites by-and-large are cold and lonely," said Title. "Consumers need guided assistance without the sales pressure."

Virtual Retailing 2.0 was previewed to dealerships at the Automotive Analytics and Attribution Summit, hosted by author, speaker, and automotive influencer Brian Pasch. In a recent podcast, Pasch emphasized the importance of being able to serve customers in real-time, rather than "chasing leads" after customers leave the website, as critical to seeing success from digital retailing.

"Our data shows that when you engage and serve customers while they’re in your online showroom, you will sell more cars at a lower cost," said Pasch.

Many dealerships who have adopted Gubagoo’s Virtual Retailing, or switched from another digital retailing provider, have seen exciting results.

"Our results from Virtual Retailing have been very strong," shared Nate Sato, Director of Digital Marketing at Ken Garff Automotive Group. "There’s no question – our customers love the experience, and our team is thrilled."

"Creating a comfortable, enjoyable experience is the key to winning the hearts of consumers," added Title. "We are very excited to partner with dealerships across the country to help future-proof their online strategy. With Gubagoo’s Virtual Retailing 2.0, dealers’ can expect a significant increase in their online sales."

For a demo of the new release of Virtual Retailing, have a chat with the team at Gubagoo.com, or email hello@gubagoo.com.

About Gubagoo

Gubagoo is the leading provider of conversational commerce and retail solutions for both automotive dealerships and OEMs. Used by more than 7,000 dealerships worldwide, and over 90% of the top 150 dealer groups in America, Gubagoo’s messaging platform instantly connects consumers to dealerships through live chat, text, video, Facebook Messenger, and other digital messaging channels, converting high quality leads, appointments, and sales for dealerships.

Gubagoo’s Virtual Retailing platform provides an end-to-end buying experience on dealership websites. Customers are able to buy a car online with real-time support from dealership personnel, and have the vehicle delivered at the dealership or their door. For more information, visit gubagoo.com.

Logo – https://mma.prnasia.com/media2/1357574/Gubagoo_Logo.jpg?p=medium600

Related Links :

http://gubagoo.com

Wondershare Repairit Online: A Free and Reliable Video Repair Platform

The one-stop solution provider to repair corrupt videos in different formats

VANCOUVER, BC, Dec. 3, 2020 — Wondershare announces a key expansion of its product offering with the formal release of the new video repair tool Wondershare Repairit Online. This new tool is completely free to use and doesn’t require any software download. 

Wondershare Repairit Online: A Free and Reliable Video Repair Platform
Wondershare Repairit Online: A Free and Reliable Video Repair Platform

Wondershare Repairit Online, allows users to quickly repair videos in three different formats, MP4, MOV, and 3GP, as well as preview 30-second video segments before saving. Repairit Online offers up to 10 free video file repairs per day, per user.

"Repairit Online is a versatile online video repair option that comes to you absolutely free of charge," said Kevin Zhu, Product Director of Wondershare Repairit." It is not only reliable, but also fast, it easily outperforms its competitors in terms of information safety and performance."

Some notable features of Wondershare Repairit Online include but are not limited to:

  • It’s Seamless: Fix corrupted video files in only 3 simple steps and a few minutes.
  • Ensures Quality: Repairs videos without damaging their original quality, structure, or integrity. Also fixes issues related to quality such as black screen, freezing, flickering, stuttering, blur, audio out of sync, no sound, etc.
  • Availability: Available for all video playback issues and component damages such as metadata, index, header, footage, frame, slide, parameters, etc.
  • User Privacy: Repairit was designed adopting the latest security technologies, only the users can access their uploaded or local files.
  • Fixes Error Codes: Fixes a wide spectrum of video errors.

To learn more about Wondershare Repairit Online, please visit https://recoverit.wondershare.com/online-video-repair.html

And for the latest Wondershare Repairit news and updates, follow us on YouTubeFacebook, Instagram and Twitter.

About Wondershare:

Founded in 2003, Wondershare is a global leader in software development and a pioneer in the field of digital creativity. Our technology is powerful, and the solutions we provide are simple and convenient. That’s why we’re trusted by millions of people in over 150 countries worldwide. We help our users pursue their passions so that, together, we can build a more creative world.  

www.wondershare.com

Media Contact
Ellen Cheng
Wondershare
ellenc@wondershare.com

Related Links :

http://www.wondershare.com

Cloud, Cybersecurity, and Modernization Will Power Digital Business Models and Increased IT Spending, say Global 2000 Executives: Infosys – HFS Research

– Report delineates impact of COVID-19 across industries; causing seismic shifts in business transition

– 51 percent organizations consider remote work or hybrid workforce model to be the way forward

BENGALURU, India, Dec. 3, 2020 — Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, together with HFS Research unveiled a market study titled, ‘Nowhere to Hide: Embracing the Most Seismic Technological and Business Change in our Lifetime.’ Focusing on how the COVID-19 pandemic has impacted businesses across industries, this joint study by Infosys and HFS Research revealed that numerous organizations have accelerated the adoption of automation, digital business models, and the hyper-scale cloud to respond to customer needs quickly and competitively. The report also brought to fore a shift in corporate mindset to advocate change and digitize businesses.

The world changed overnight as COVID-19 created a state of upheaval and economic uncertainty, deeming the real-time prediction of complex risk scenarios as critical. The HFS Research spotlights the emergence of dynamic digital organizations energized by technology that has opened avenues for rapid progression and business growth. The report further highlights that more than digitizing processes, digital transformation is about business leaders reshaping existing business models and exploring new ways of uniting people, data, and processes to create value for their customers. The Infosys-HFS Research additionally emphasizes the strategies implemented by successful companies in various industries (G2K) to survive and thrive in the post-pandemic economy.

For the study, HFS Research, in partnership with Infosys, surveyed 400 Global 2000 executives to understand how businesses can survive and thrive in the economy riddled with the pandemic. It offers perspectives to develop an outlook for IT and business services in the current geopolitical environment.

Key findings:

  • Bigger impact: Almost 70 percent of respondents believe that COVID-19 will have a bigger impact than the 2008 downturn with budgets, supply chains, employee availability, and customer intimacy being impacted the most.
  • Businesses that will thrive: The public sector, banking, insurance, healthcare, life sciences, and the high-tech industry respondents are relatively confident as they see emerging opportunities for making appropriate investments amid the crisis.
  • Protecting the business: At least 65 percent of respondents are insulating their business from volatility by building diverse customer pools and investing in an agile business model. 
  • Digitize and Adapt: Over 60 percent of enterprises plan to accelerate their digital transformation initiatives and over 70 percent plan to change their product and service portfolio to drive greater customer value.
  • Critical IT investments to compete: Investing in creating a virtual, secure, and cloud-enabled IT environment that enables remote working at scale (virtualization, collaboration, security). Investments in the cloud, cybersecurity, and modernizing core IT apps and infrastructure are at the top of the priority heap.
  • Increased IT spending: Enterprises expect to increase their spending the most on business and digital consulting, followed by IT infrastructure services (including cloud). They expect the demand for IT and business process services to pick up to serve the dual purpose of driving digital while saving cash.
  • Unleash your people to thrive. Nearly 90 percent of organizations realize they need to reposition to unleash people in the new reality. Post-COVID, working arrangements will change dramatically. Only 37 percent prefer a return to an office-based environment. The work culture will evolve from siloed working to interdisciplinary collaboration.

Pravin Rao, Chief Operating Officer at Infosys said, "Post-COVID, we have witnessed accelerated scaling of digital across most enterprises. The strategic investment in cloud, cybersecurity, and modernization is not only helping businesses sharpen their focus on end-to-end customer journeys but also enabling them to do a lot more with much higher agility. With so much at stake to drive customer centricity and productivity, investment in employees and ensuring their well-being is of paramount importance. In a distributed work environment such as today, employees are an important centerpiece within the companies’ strategy framework and therefore, it is imperative for organizations to see how the hybrid work model can be made more effective, productive, resilient, and secure."

"A new dawn will emerge as the fog clears. We must embrace this brave new business world where a perfect alignment of business outcomes and their enabling technologies demand all our focus and creativity. We are living through the emergence of dynamic digital organizations where people are energized by technology, where they plug into business experiences that are progressing rapidly to places where the possibilities are limitless, where the future is unravelling before our eyes.  What we have experienced – inside of a single year – is the coming together of people to confront their fear of change to face the reality that their organization will sink without it," said Phil Fersht, CEO and Chief Analyst, HFS Research.

For a full copy of the report, please click here  

Methodology

HFS Research, in partnership with Infosys, surveyed 400 Global 2000 executives to understand how businesses can survive and thrive in the pandemic economy and to develop an outlook for IT and business services in the current geopolitical environment. HFS segmented the research findings according to its four phases of pandemic shock response: crisis, stabilization, realization, and unleashing people.

About Infosys Ltd.

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.

Safe harbor:

"Certain statements in this release concerning our future growth prospects and financial expectations are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding Covid-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2020. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law."

The Fitbit Sense In-Depth Review – The Shinier Versa

Fitbit launched the Fitbit Versa series a few years ago. The first Fitbit Versa looked a lot like a now-defunct Pebble watch. There is a good reason to that, but we are not going to get into it.

All I wanted to say there is that I personally really wanted a Pebble smartwatch when they existed. Their smartwatch is unlike whatever smartwatch that was available at the time. They were not running any fancy Operating System (OS) that overcomplicates a smartwatch at the time and either slowed down the watch, or even reduce its battery life by half. They actually look very pretty as well, in my opinion anyway.

When they came up with the Versa 2, Fitbit pushed a few more upgrades to it. It had Fitbit Pay too, which is technically an e-wallet solution by Fitbit themselves. They said that they will be working with local banks and merchants to make the feature available, we have not seen much from that yet. We are still waiting for a wider adoption by merchants. Gyms and fitness centres, in our minds, would be the perfect places to start.

 Design wise though, it looked slightly more modern than the first Versa with rounded of corners on the display. It maintained a physical button, we liked that. The display looks a little sharper and better too, for some reason.

Then they introduced the Fitbit Versa 3 and Fitbit Sense in 2020. To be fair, both are very similarly designed. If you do not know Fitbit devices, you might mistake them as the same smartwatch.

The Fitbit Versa 3 and Fitbit Sense are not that dissimilar in terms of function and features too. It is to the point that the website for both devices tell you pretty much the same things. They are a little different though, the two.

Unlike the Versa 2 as well, the two new devices from Fitbit comes with a new generation strap that is not interchangeable with the older wrist straps. So, if you upgraded from a Versa 2, you have to retire the older straps you might have bought as well.

What is the difference between the Fitbit Sense and Fitbit Versa 3 though? Which is the smartwatch for you? Could you still walk away with a Fitbit Versa 2 at this point and be happy? We tested the MYR 1,498 Fitbit Sense to tell you.

Design

As we mentioned earlier, the Fitbit Sense has a very similar design language to the Fitbit Versa 3, save for the glossy bezel top of the case surrounding the glass that houses a 1.58-inch AMOLED display. The body, according to Fitbit at least, is premium stainless steel. That explains its glossy exterior.

The unit we have is the black colour option with black strap. You can opt for a Soft Gold option with a Lunar White strap. To be honest, the Soft Gold looks better in photos or renders. When we unboxed the Black on Black variant though, we found that we liked the finish more than we thought.

The design language is technically just an evolution of the Versa series from Fitbit, rather than a complete redesign. It is a little more rounded off in the corners of both the body and the display. It is still a square-ish design, not quite rounded. In a sense (no pun intended), the new Fitbit still looks very much like it is part of the Versa line-up.

The added curves though make the device look a little more modern than before. The Sense looks more at home and more subtle than the older devices. Of course, the black finish does help it blend into the wrist a little bit more.

The glossy rings surrounding the display is what differentiates it from the regular Fitbit Sense. The Gloss finish is only interrupted by two small plastic looking bars on both sides of the smartwatch though. We suspect that the plastic inserts are important for the Sense to receive GPS signals properly, or even for a more stable Bluetooth connection.

The biggest noticeable difference when you pick up the device though is the missing physical button. The Fitbit Sense, as well as the Versa 3 is now relying on a haptic button on the left side of the smartwatch. The ‘button’ does not even look like a normal button, it looks like a dimple, or recess on the flush body of the Sense. Not that we are saying it is an odd-looking thing.

In our opinion, the buttonless approach keeps the body look a bit tighter. We think that it looks good to without a physical button on the side. It keeps the body look flush without interruptions in its lines.

You find that the Fitbit Sense also retains a mic hole that you notice on the Versa 2 on the back plate (or at least part of it). But there is an additional recess on the body that houses two additional holes, one larger than the other. The holes look like they house an additional mic and a loudspeaker unit.

The Fitbit Sense’s speaker unit and mics work with Amazon’s Alexa and supposedly Google Assistant. For now, only Amazon Alexa activation is available for the wristwatch. Google Assistant should be available later in the year, according to Fitbit. The speaker and mic units also indicate that the Fitbit Sense is built with a capability to answer phone calls directly on the wrist. As of now though, we could not get the function to work yet. We are told that the feature will be available in a later update.

Then there is the shiny reflective silver plate that covers the bottom with Fitbit’s new type of 4-pin magnetic charger. This also means you cannot use your older Versa or Versa 2 chargers to charge your Fitbit Sense, although they have similar designs. To be fair the Fitbit Versa, Versa Lite, and Versa 2 has more in common with each other than the Fitbit Sense and Fitbit Versa 3, in terms of design.

The shiny reflective plate that is also stainless-steel houses the heart rate sensor that scans your heart rate in real time as you wear the device. It also houses a built-in blood oxygen sensor now, something that the older Versa does not have. But the Sense is also supposed to come with an EKG sensor, which explains the shiny metal surface. Sadly, the feature is not yet available in Malaysia, because of that, you cannot access the EKG function of the Fitbit Sense yet.

The strap is a new type of strap that Fitbit calls an infinity band. It is very different from the older quick release strap that you see on the Fitbit Versa 2 and older. They claim that the material should feel better on the skin too, more comfortable. We do have to admit that the new band is slightly softer than before.

The latch mechanism on the older Versa smartwatches are very similar with the quick release straps of regular watches, which opens up possibilities for third-party strap makers to convert their straps into a Fitbit strap. Thing is, the lugs on the Fitbit Versa has a very unique shape to it that might not play nice with general watch straps.

On the Sense, they turned away from the general quick release mechanism and went back to their own quick release design that has worked in their own favour for the longest time. That also reduces the amount of ‘affordable’ or third-party options that you can find on the likes of Shopee or Lazada. Instead, now you have to go back to Fitbit for a different coloured or types of strap for your Fitbit Sense and Versa 3 that properly fits. Spoiler alert, they are not exactly cheap.

The Infinity Band that you get when you buy the Fitbit Sense has an incredibly unique latch mechanism that really secures the watch to your wrist. It only has a small metal latch part that inserts into the pre-made holes in the silicon strap. Once that is latched, you insert the extra ‘tail’ to the other hole on the strap, to keep things nice and tidy. That also means that there is no annoying metal latch that might catch on fabrics or cut into your skin if you strap your Sense too tightly. You still can go for the traditional type of metal buckle strap though; you just have to head to Fitbit’s website (or Official Online Store on Lazada) for different options. Again, you must get it from Fitbit to make sure that the strap actually fits. There is not much in choices yet though in terms of straps for the Fitbit Versa 3 and Sense.

The new lug mechanism is a clever one though. It is much easier to work with than the regular quick release lug. That also means that detaching and changing straps is a 5-second job. All you need to do to take the straps off is just push the tabs slightly and pull the straps away from the Sense. To attach a new strap is even easier than that, just push a new strap in and you are done. The new proprietary lugs also allow the straps to open wider on your wrist, which also means that it should fit bigger wrists better and more comfortably.

Features

Of course, when you buy a smartwatch you want it packed to the brim with different functions and features. Other than packing many watch faces you can choose from, the watch should tell you information like your heart rate, your breathing patterns, where you are, your past, your future, and even what you eat (we are exaggerating on some of these of course). It should be your secondary smartphone that you plonk on your wrist. You should not need to take out your smartphone to see what is on your smartphone.

Notifications

With the Fitbit Sense, you do not really need to take out your smartphone to know what is on your smartphone. Everything that your smartphone gets, your Fitbit Sense can get also. We are talking in terms of notifications, as per the subheading.

We said ‘can’, and not ‘will’. That is because you can choose what notifications the Fitbit Sense takes and which notifications to ignore. You can just set the watch to vibrate and notify you when emails come in, for example. If you wish to ignore Whatsapp for that entire day, you can even turn notification off for Whatsapp.

All these are done through Fitbit’s app. You do not have to dig around to find the notification settings too. You just enter the app, click on your Fitbit device from the app, and the notification settings should be right in that home screen.

Notifications are quite instant too, meaning you will not be missing important calls even if your device is on silent. Notifications are also very dependent on your device though. If you have turned off notification of an app on your smartphone, the notification will most likely not reach your Fitbit Sense as well, by default.

Having notifications on your smartwatch is quite a standard affair these days though. Most smartwatches will also continue to give you vibrate notifications throughout the night if you let it. This is one of those.

Unlike the Fitbit Versa 2 that I personally had, the Fitbit Sense does not automatically turn to sleep mode at your set bedtime. You need to turn the smartwatch on and turn it to sleep mode manually instead. Sleep mode also means that your Always-On Display is turned off to save battery and to allow you to sleep in complete darkness. That, while muting all kinds of notifications, except for the alarms already set on your Fitbit.

Rather than violently shaking your wrist to bits with the alarm function, the watch also has something called Smart Alarm. This is a technology unique to Fitbit watches too. The watch learns your sleep patterns and wakes you up at the most appropriate time before the set alarm time. The most appropriate time also means when you are in the ‘light sleep’ stage of your sleep. That is also not to interfere with your sleep patterns, and you wake up easier, and less grumpy

Fitbit App

The Fitbit App has evolved to one of the best smart wear companion apps available today. It has evolved from just being a smart fitness tracker to an integrated smart wear app. You can track your activities on it. Fitbit is also one of the brands to integrate real-time heart rate monitoring in their smartwatches and that translates to the app as well. It is also your sleep tracker, and your daily organiser, sort of.

In that regards, we would like to see some integration between the Fitbit app with the clock app on your smartphone. The current app does not keep track of the alarms you have on your smartphone, which also means that you have to manually set the alarm on the Fitbit Sense yourself. While the Fitbit app allows you to input your own bedtime and your wake-up time, it does not share that information with the smartwatch to automatically set an alarm for you to wake up. It does remind you that it is nearing your bedtime though, via your smartwatch and smartphone.

You can have an integrated calendar though, via the Agenda App by Fitbit. The Agenda app automatically syncs with any calendar app you have on your smartphone. That also means that you can keep track of your events, or meetings, or appointments from your wrist as well. If you set your calendar app to notify you on an event, you can get that same notification on your Fitbit Sense. The Agenda app itself too will notify you of an appointment.

Of course, the Fitbit app is more than just about managing your Fitbit Sense, or just controlling notifications. It is also your sleep tracker, and everything about your fitness fit into one. Technically it is your Today app that is also on your Fitbit Sense.

Of course, the information available to you is very dependent on the hardware on your wrist. The Fitbit Sense is a unique smartwatch in the range of Fitbit smartwatches because it has a skin temperature sensor for when you sleep, and something called an EDA (Electrodermal Activity) scanner. The Fitbit Sense also has an EKG sensor which is not really used or activated in Malaysia yet.

Skin temperature apparently plays quite an important role in your health. Your skin temperature should typically reflect your core internal temperature with minimal variations. Variations in your skin temperature can determine your health status. That is also why it is important to keep the variation pattern of your skin temperature. The measurements are done mostly when you sleep though, with the Fitbit Sense. The issue is, if you want access to the variation data it is behind Fitbit Premium paywall. If you opt not to pay the MYR 43.99 a month fee, you only get a daily average data.

EDA meanwhile is a measurement of your skin perspiration corelating to your heart rate too. This is a measure of stress levels, technically speaking. So yes, the watch tells you if you are stressed our or not. It even helps you ‘relax’ with some basic meditation programs. Mental health is important too, you know.

Before we forget, the Fitbit App only allows you to have one Fitbit Versa or Sense device paired to the app. That means if you have a Versa 2, you might want to think of selling it or giving it away to your loved ones.

Fitbit Premium

If you pay the MYR 43.99 a month for Fitbit premium, you get more than just daily average readings of your skin temperature. You get to find out what it means too. You also get access to a more comprehensive sleep and heart rate data instead of the basic average tracking that you get.

Perhaps the biggest push for you to get a Fitbit premium subscription though is daily exercise recommendations and regimes. Those might prove useful in this work from home situation. But you get a more in-depth analysis of your sleep patterns too, which might be useful the next time you see your doctor. Exclusive to the Fitbit Sense, you get even meditation recommendations and programs on top of exercise regimes and recommendations.

While subscription-based services are a norm these days, there are certain things that we thought should not be behind a paywall. Yes, Apple does charge for more functionalities and services for their Apple Watch, but they do not hold information back. You still get all the data that the Apple Watch could track for you, whether you pay for it or not.

The Fitbit Premium subscription forces Fitbit’s customers to pay for data that users might want or need for their own analysis. Things like heart rate during sleep, or even movement data when you sleep is not something that you should keep behind your pay wall, in our opinions. You could, however, access your heart rate data during your sleep by just heading to your heart rate monitor though. In that case, why not just make the collected data available to your sleep analysis in the first place?

Once you start paying for the subscription though, you get access to more than just data. You can get access to a personal health or fitness advisor. You get access to Fitbit’s tailored health, diet, and fitness programmes via Fitbit Coach. Some of them are genuinely great programs to get active with in this pandemic situation. On that front, we can agree on the subscription. We still do not see the point of paying just for accessing that little bit more data though. You might as well spend your money on something like a Samsung Galaxy Watch for that.

The Non-Button

Before I go on and mislead you, there is still a button on the Fitbit Sense, I am not contradicting myself. The Fitbit Sense has a button still, a regular single button like the older Fitbit Versa. It is not a regular button with spring mechanism though. It is a haptic touch button, like the ones you might be used to with the Fitbit Charge, for example.

The only thing is that I do find that kind of button on a wristwatch quite annoying. With a regular button, while it does spoil the clean lines a little bit, you get a tactile feedback of knowing when the button is pressed. With a touch button, you hardly know.

The only good thing is that the touch button on the Fitbit Sense is a pressure sensitive button. That also means that you have to press the button like you mean it for it to respond. It even works with a glove; just in case you are curious. But that also means that just a small pressure on the button might turn the watch on. It even triggers if you push it against your own wrist.

While that is not perfect, it is the same set of problems you are presented with when there is a traditional button in the way too. While the traditional button is gone to be replace with this pressure sensitive sensor thing, it is still placed at the left side of the device like any Fitbit fitness tracker does. That little dimple too is helpful since it is deep enough that your thumb or finger can feel it when you reach for it. Then again, you cannot go wrong with placing your thumb in the middle of the left section of the Fitbit Sense.

Charge Quickly and Openly

The new charger is not the clamp style charging dock that you are used with traditional Fitbit fitness trackers anymore. That also means that you cannot be re-using your old Fitbit Versa or Versa 2 charger. Even the Versa 3 has moved away from that old clamp style charger, by the way.

The charging dock is a much smaller package now that you can fit in your electronic pouch in an instant. Smaller also means that it is easier to lose, so you might want to keep that in mind. But smaller is also better for travels and convenience.

Because the charger does not clamp either side of the Fitbit smartwatch anymore, the buttons are now exposed. The exposed button helps with setting up the device for the first time. You need the charger to get your device up and running anyway. But with the buttons exposed, you can get the screen to work without moving your watch around without looking like a crazy person too.

Once you set it up, you might still want to look at the watch when it is charging to check if it is fully charged and even check the time of day. The exposed button is a great improvement in that aspect. When you pick it up too, you will still be charging your device, because magnet.

The new charger is a magnetic charger so it will automatically stick to your device to charge when you place the Sense near it, neat. But the magnetic charger also means that the charging pins are put in a completely different layout compared to the older Versa devices (it does not have to, but why not). That also means that you cannot use this charger to charge your older devices. In that case, make sure you find the old charger if you want to pass on the older device to your family or friends. In this pandemic situation also, we encourage you to give the older device a thorough clean before passing it on.

The new charger is also even faster than before. If you managed to get the battery flat on the Fitbit Sense, the charger gets you up and running again in 12 minutes, provided you have the right charger. This is also part of their marketing blurb; “a full day’s charge in 12 minutes”. That is not full charge though.

We do find this claim to be quite true. If you find that your smartwatch battery has dwindled a little bit to near empty, you get it plugged to the charger, get changed, do your quick toilet break, wear your shoe, tie it down, and you are ready to get going again for a whole day technically. A full charge will typically take about an hour or so too, which also means that you might want to include a quick shower and grooming into that routine before heading out and you are ready to take on even more days with the Fitbit Sense. We will talk more about the battery life later though

OLED Display

We usually include this section in performance. The issue here is, on a smartwatch, the display is more of a feature to have than a performance gauge. Most smartwatch displays are not high-resolution, high-speed, ultra-bright displays that you use to perform digital magic with anyway.

The display on the Fitbit Sense though is still a very pretty display that we have expected since the Versa 2. Like the Versa 2 as well it has an OLED display with super black blacks and vivid colours. Fitbit did not officially mention the resolution of the display because it is truly unimportant.

The OLED display is also bright enough under direct sunlight which is brilliant because you still can see it when you are out and about, at least I can. You might want to choose watch faces that has plenty of blacks too though. The reason for that is so that the Fitbit Sense does not blind you when you are trying to see it in the middle of the night, or when you are in a movie theatre. It also ensures that you do not disturb other people in the theatre, or your partner who is most likely fast asleep.

But OLED displays has more things going for it. For example, because it is more power efficient, your battery life is extended compared to normal smartwatches. That, or you can make your package a lot smaller than necessary packing smaller sized batteries. Thanks to that too, Always-on Display is possible, and looks great because the colours are so vivid.

Performance

The performance of a smartwatch is determined mostly by the virtues of its functions though. To us, the experience that you are going to have with the smartwatch is more important that how fast it churns numbers. So, what if the watch packs a Qualcomm Snapdragon 800 series (it does not), It is not like I can play games on the watch anyway (there are no games in the Fitbit app market). What is important then is how fast we can work with it, and how much more convenience we get with the watch.

User Interface

The Fitbit Sense comes with Fitbit’s own User Interface (UI) and Operating System (OS). It is an interface unique to Fitbit’s smartwatches and we foresee it in future smartwatches. They did not mention what sort of hardware the Fitbit Sense comes with to run the OS, just that it runs.

We like the layout of the Fitbit OS very much on the Versa and the Versa 2. They make plenty of sense with big icons occupying the display as you scroll through the interface. Looking at notification is as straightforward as pulling the display down as well, very sensible. While scrolling from bottom to up gives you up to date information from weather, to your heart rate and what not. On the left of the watch face screen is your quick settings like sleep mode or Always-on Display mode.

Everything is where they are meant to be and very intuitive after the first minutes of use. The icons are big and easy to read on the tiny display that is the smartwatch. What we find very annoying on most smartwatches is that the icons for apps or functions are very small on the display. That also means that you need a high degree of precision to make the watch work. Fitbit’s OS only allows you to display four app icons on one menu scree, which also means that you most likely will get the right apps to launch the first touch. Even the quick settings menu only has six big buttons on the screen.  The only issue then is that you have to do a bit more scrolling that usual. Not a deal breaker still.

The UI can lag a little sometimes. We actually hoped that Fitbit improved their OS a little bit or put something a little more powerful to accommodate the sensors and make the UI feel a little smoother. Instead, the same lag when you input and when changing screen that the Versa 2 had can also be seen here. Even opening apps can be quite slow with the Fitbt Sense. There is just no sense of consistency in that too, one app opens in an instant, and another app takes forever to open and load.

Still, at least the app layout looks consistent most of the time. There are plenty of blacks that is used on the UI, which is also good because it makes the whole top looks like the display. Of course, the information screen is shown in a certain area of the display with quite large bezels (for smartwatches).

Most of Fitbit’s app screens has a center background glow too to add some flair and visual drama to the app. When the app is open, the app is laid out like a list, which also makes plenty of sense. It helps you comb through all the important information quickly and makes everything looks bigger and more accessible. The only issue is that scrolling through can be a bit of a pain sometimes because the display registers your touch as a press rather than scroll from time to time. So, you need to be a bit more precise here.

Navigating through the watch is also easy enough. You click to open an app, you click through again to access a specific information, and you press the single button on the side to get it out to the home screen. To go back to the previous screen, simply swipe from the left to right of the display. The button can also have a programmable long-press function. We set ours to launch Music, but you can easily set it to do other things like launch an app on your Fitbit Sense.

Yes, you can control the music app on your smartphone with the watch as well. With the Spotify app you can control Spotify on any device that is playing music with your Spotify account. But the Music app allows you to control the music that you play through your Bluetooth paired smartphone device regardless of the app you use (Tidal is not on Fitbit’s app store). Of course, to enable this you would have to dig into the settings a little bit and allow Sense Control under Music Control. This is a definite improvement over the previous Versa 2 and Versa music control. We also find the Spotify App to be a little finnicky for our liking, working 80% of the time and not working for the remainder of the time because it cannot detect any devices playing on your device for some reason.

You can easily load up music into the device too though via the app if you have Deezer. We do not have Deezer, which also means that it is quite pointless for us to try connecting our Bluetooth earphones to Fitbit Sense also at this point. Fitbit says that the Sense can connect up to eight Bluetooth devices, including a Bluetooth speaker. Still, if you have Deezer, you might want to do that so that you do not have to bring your smartphone out for a quick run.

There are also plenty of watch faces you can choose from in their app market too. While you cannot find the same faces as the Apple Watch or Samsung’s Galaxy Watch, or even stuff from Android Wear, there are plenty of selections from Fitbit’s app market that you will not be bored with the watch face. Either that, or you will find one that suits you in terms of visuals and information load.

Exercise mode

According to Fitbit’s website, the Fitbit Sense has over 20 exercise modes with SmartTrack. You can set your own exercises and set your own goals based on all the exercises. You can go as basic as a simple running, bikes, circuit training, hiking, HIIT, Golf, and even martial arts. Kickboxing is even put into its own category here. The only thing we have done with the watch is go for a quick run though (I am not very fit).

In some of these exercise modes, like running and bike mode, the Fitbit Sense is connected to GPS to track your location and creates a pathway. Of course, the GPS data is also used to measure the distance you have travelled, and even your pace. You can refer to all these data collected on your Fitbit app too, to make life easier.

Of course, like any other modern Fitbit devices, the Fitbit Sense also automatically jumps into exercise mode when it detects your heart rate spiking above a certain rate for a prolonged period. In that sense, you do not need to go into individual exercise modes all the time just to get your Fitbit to log data. The only issue is, it might not detect the sport that accurately, which also means you might need to go back into the watch to get it into the correct mode.

However, it does not contain all the right exercise modes too. One of the most popular past-times or sport in Malaysia is Badminton, which also happens to be my game of choice. That also means that the only mode I can set the Fitbit Sense to, in this sense, is either Tennis, or just let it go to regular sport mode, like I have done on the Fitbit Versa 2.

In those modes it accurately tracks your heart rate and puts it in a nice chart for you to look at after your exercise. It even tells you when your heart rate is at a fat burning stage and what not. Thankfully, in regular sport mode, not much information is hidden behind Fitbit’s Paywall.

Most of the exercise modes can also be tweaked a little bit before you set off on your exercises. You can set them to collect all sorts of data like lap times, number of steps, average speeds, calories burnt, target heart rate, target time, and what not. All the exercise mode can have largely the same data sets too. Of course, not all the data that is being collected are useful to the exercise you are doing at that time. For example, lap times and lap count data are a little pointless in Tennis.

Battery Life

We touched a little bit on the new fast-charging dock. We touched a little bit also on how fast it charges. In all our tests, the Fitbit Sense charges in about an hour if you plug it to the right power source. Of course, Fitbit does not include their own power brick for the charger. They only give the dock with an open USB Type-A end.

This practice is not new for Fitbit though. They have never (in our knowledge) included a power brick to charge your device with. While it is quite unthinkable, it is not such a crazy idea. When you have decided to buy a Fitbit device today, you would already be using a smartphone that comes with a power brick with a USB Type-A port to charge your smartphones. If not, you would also have an extra OEM power brick lying somewhere. If you do not even have that you can plug your charging dock into a PC’s USB port, and it will still charge the Fitbit Sense with a slightly lower charge speed, but it will still charge.

While observing its charge speed (yes, we actually put a stopwatch while watching the charge on the Fitbit Sense go up), we found that the Fitbit Sense will charge fully in about an hour no matter the charge state of the battery. The Fitbit Sense will charge very quickly when there is little to no charge in the Fitbit Sense (with a dedicated charger). The charging speed slows down after a while though, we suspect to extend the battery shelf life. But we also notice that fast charging the device accumulates a heap of heat on the Fitbit Sense, which might not be too comfortable on your wrist right after the charge.

That also means that charges will take about an hour or so before the display lights up to tell you that it is fully charged. Once charged, the Fitbit Sense is quoted to last about 6 full days (a full day for their claim is 24 hours). Keep in mind that the quoted battery life does not consider Always-on Display, which we are using. In our use case we get about four to five days in battery life. It also depends if the watch is constantly on your wrist all-day. A typical use case in my personal experience is wearing the watch only when I am going to bed, heading out, or going for an exercise (at home or out).

Of course, you could save battery by turning off Always-on Display. Your choice of watch face could also dramatically affect its battery life. More blacks, for example, on your watch face uses less resources on the display and therefore consumes less battery life.

While we never got six days out of the Fitbit Sense, it does not mean that the battery life is less than average. The last time we got battery life longer than the Fitbit Sense was from a Garmin smartwatch without a touch sensitive LCD as its main interaction interface. To be fair, those Garmin devices are in their own class as adventure and fitness focused smartwatches.

That said though, even 4 days in battery life is already at least twice or three times more than what you can get from an Apple Watch and most Android Wear devices these days. The Samsung Galaxy Watch 3 could hold itself up to about 3 days at a maximum with all its function on. In that sense, for something that you rely on inside and outside your house, 4 days in battery life is nothing short of amazing and something anyone can appreciate. Of course, Fitbit devices have always been known to have an exceptionally long battery life from a package no bigger than your automatic watch at home.

We also appreciate how small and compact the charging dock is. We mentioned this earlier, we know, but bear with us a little bit here. The charger can be easily packed into my electronics pouch for a quick trip to a foreign land; Singapore let us say. The charger could be easily left at home though if I am only abroad for two nights since the battery holds a charge for about four days for me. Packing the charger for a ‘just-in-case’ situation though is easy enough and does not add bulk and weight to our bags. We like this even better than the older clamp style charging dock that does not sit properly anywhere.

The Fitbit Sense – Sensible All-Rounder

The Fitbit Sense is not just a small improvement over the older Versa line-up though. It is not a Versa+, not really. It may look and feel similar, but I think that it sits in a slightly different category. It technically is a more premium Fitbit Versa 3 in a sense, I admit. But the whole form factor and functionality is a big improvement over the Versa 2. The newer ergonomics slightly more rounded and softer shape of the Fitbit Sense makes it look more modern, more ‘stealth’. It looks like it belongs on the wrist as a fashion item now. It is stylish.

Then there is the same great UI that we are very easily used to from the Versa series. The OLED display makes everything looks sharper than before and better. We may not agree too much with their shift to a proprietary strap lugs, but it is much easier to work with compared the Versa 2. In that sense, it is a big sensible upgrade.

All these things are packaged in a body that holds a speaker and mic that can theoretically work with phone calls, and even Google Assistant. It already works with Amazon’s Alexa, so the other two should work nicely too. Inside the body is also a potentially game changing feature that is disabled only because of regulation irregularities in the country. Once it is available though, it would be an especially important feature.

You also get more than 2 days of battery life with it, which also means you need not worry about its charge or whether or not it will faithfully serve you through the day without dying. You do not need to carry its charger everywhere you go to0, you do not even need to take it off at work. Even if you need to carry its charger, it is so small and light that you can throw it in your gear bag quickly without adding bulk.

We admit though that we are not in total agreement of the paywall that Fitbit puts up for certain extra information from their trackers. You are already paying a premium for these items. The Fitbit Sense will set you back MYR 1,498, more expensive than any other Fitbit that you can buy today. The most expensive Fitbit in the range of Fitbit fitness trackers only comes with 6 months of Fitbit Premium trial, not even one year. We think that this is a little ridiculous given the timing of its launch too.

The Fitbit Sense is an MYR 350 premium over the Fitbit Versa 3, though. In a lot of sense, they are the same sort of smartwatches with one or two differences in material choice and sensors packed in. They offer the same battery life too, with also over 20 exercise modes. The display is technically similar, alongside the very familiar UI from Fitbit. That also means you can get the same watch faces.

At this point, because the Fitbit Sense is a little crippled by certain restrictions, the Fitbit Versa 3 would seem like a better buy since it is cheaper. We agree with that too. You get a less flashy matte finish case too, which contributes to the ‘stealth’ look better. You do not get unnecessary functions with the Versa 3 too, so that is that. With those out of the way, it should be quite a straightforward choice for you at this point.

Tencent Cloud powers up Global Tourism Economy Forum’s first-ever hybrid edition

Hybrid event helps amplify the conversation on tourism economy beyond geographical boundaries, empowering businesses to go global more effectively through comprehensive digitized conferencing and business matching solutions

HONG KONG and MACAO, Dec. 3, 2020 Tencent Cloud, the cloud business of Tencent, today announced its support of the Global Tourism Economy Forum · Macao 2020 (GTEF or the Forum), which will be held in a hybrid (online & offline) format for the first time ever under the "New Normal", to break through geographical and time zone barriers for global audience. Hosted by the Secretariat for Economy and Finance of the Macao SAR Government, the 9th edition of GTEF will take place on December 9 under the theme of "Solidarity and Innovation: Reshaping Tourism in the New Global Economy". The forum powered by Tencent Cloud will be presented in 3 main sessions starting with a GTEF Welcome Session from 12:15 to 14:30 (GMT+8), followed by the Main Program at MGM Macau to be live broadcast at GTEF official website from 14:30 to 19:15 (GMT+8). The entire program will be replayed from 12:15 to 19:15 (GMT+1) for global audience.

Norman Tam, General Manager, International Business Group of Tencent, said, "Going online has become more essential in sectors such as the MICE and tourism industries as the digital trend pushes further upward under the new normal. We are glad to extend our collaboration further with GTEF this year, providing broadcasting and online business matching solutions to help businesses in the travel and tourism sector to go global and be more connected. We look forward to enabling more organizations in the tourism sector and other industries to capture opportunities through Tencent Cloud’s advanced technologies and innovation in the future."

Pansy Ho, Vice Chairman and Secretary-General of GTEF, said, "Due to the pandemic, this year’s planning efforts for GTEF have faced many challenges. But as an international tourism city, a World Centre of Leisure and Tourism, as well as a core city of the Greater Bay Area, Macao kept its promise in holding the GTEF annually. Such determination reflects GTEF’s commitment to maintain its responsibility towards global citizens, to promote Macao, its motherland, and the world’s sustainable development of the tourism economy. GTEF will continue on in full-force in the spirit of solidarity and innovation, using technology to hold a hybrid online and offline format to breakthrough geographical and time zone barriers, allowing attendees from all corners of the world to attend the Forum. Together, we join hands to explore innovative solutions, embracing the ‘New Normal’ of the tourism economy."

Moderated by 4 celebrity hosts, Martina Fuchs, Carol Yu, Liu Xin, and Anita Mendiratta, the forum brings together more than 40 Chinese and international government, industry, and academic leaders to discuss the development of world tourism in the face of the pandemic and explore important insights and innovative technology on tourism under the "New Normal". This year’s event marks the second collaboration between GTEF and Tencent Cloud since 2019. GTEF 2020 is utilizing Tencent Cloud’s live broadcasting and online business matching capabilities to bring the event to a wider audience in real time.

  • Live Video Broadcast and Video-On-Demand: Through Tencent Cloud, the GTEF will allow the conversation on tourism economy to go beyond geographical boundaries and provide businesses a way to go global more effectively. Integrated with the GTEF website, the forum programs will feature livestreamed video feeds in four languages, viewable by audience members from mainland China, Hong Kong, Macao, Asia and all over the globe. The event will also be available after its live broadcast via video-on-demand.
  • Online Business Matching and Networking Platform: With business matching opportunities being an integral part of the annual GTEF, the segment is set to be held online this year leveraging Tencent Cloud’s solution, allowing businesses to connect without boundaries. Assuring higher efficiency, GTEF participants are able to register and make appointments as well as business matches on a dedicated online platform before the event. Successful matches will be notified via SMS, and would be made to conduct their online interaction via VooV Meeting, a seamless online conferencing tool powered by Tencent Cloud.

Through the support from Tencent Cloud’s innovative technologies, GTEF engages more industrial leaders to exchange insights on the global tourism development, reaches to global audience, opens up opportunities for local businesses to develop new partnerships and explores business leads in the industry around the world, remotely and seamlessly.

About Tencent

Tencent uses technology to enrich the lives of Internet users.

Our communications and social platforms, Weixin and QQ, connect users with each other and with digital content and services, both online and offline, making their lives more convenient. Our targeted advertising platform helps advertisers reach out to hundreds of millions of consumers in China. Our FinTech and business services support our partners’ business growth and assist their digital upgrade.

Tencent invests heavily in talent and technological innovation, actively promoting the development of the Internet industry. Tencent was founded in Shenzhen, China, in 1998. Shares of Tencent (00700.HK) was listed on the Main Board of the Stock Exchange of Hong Kong in 2004.

Media Contact

Irene Fung
Current Global
ifung@currentglobal.com 

WeTrade Group Inc. Reports Third Quarter 2020 Unaudited Financial Results

BEIJING, Dec. 3, 2020 — WeTrade Group Inc. ("Wetrade" or the "Company") (US: WETG), an emerging growth company engaged in the business of providing technical services and solutions via its membership-based social e-commerce platform, today reports its unaudited financial results for the third quarter ended September 30, 2020.

Mr. Pijun Liu, Chief Executive Officer of Wetrade, commented, "We are very pleased to report our markets and businesses continue to prove resilient in the face of a challenging macro-environment of COVID-19. Our third quarter results were above our expectations across the group from the top line to the bottom line. Revenue and net income were recorded $2.01 million and $0.74 million respectively. Our Q3 gross margin reached 78.7%, proving our strong profitability." 

Mr. Liu continued, "The competition among merchants on mainstream ecommerce platforms in China is intensifying, which creates opportunities for WeChat e-commerce(micro-business) and benefits its service providers like us. As a new decentralized model, WeChat e-commerce is the inevitable development of the next era and small and medium-sized merchants are the inevitable choice to seize traffic. Our customers are adapting to a new cadence in this environment, and we continue to adapt to support them in their evolving ways of working. The number of WeChat e-commerce users is expected to reach 100 million, 200 million and 360 million by the end of 2020, 2021 and 2022 respectively, demonstrating micro-business is a high-growth industry with a large total addressable market. To address this market, we independently developed a cloud intelligent system ("YCloud") for WeChat e-commerce through big data learning, social connection building, multi-channel data analysis, etc. We are engaging in providing better cloud intelligent solutions for micro-business users."

Mr. Kean Tat Che, Chief Financial Officer of Wetrade, commented, "We are very pleased to see that the Company maintains a sustained and rapid development. The revenue growth this quarter mainly comes from the Company’s technology and supply chain empowerment which enables customers to rapidly expand their consumer groups and establishing solid consumer base form a stable repurchase. YCloud in Q3 has served many customers including 12 million individuals, 60,000 Wechat group owners and over 2,000 hotels. Looking forward, we will focus on in-depth empowerment of new applications in the vertical field of WeChat e-commerce business, providing more scene-based applications and seeking new partnerships to explore new opportunities."

Third Quarter of 2020 Financial Results

For the Three Months Ended September 30,

($ millions, except per share data)

2020

2019

% Change

Revenue

2.01

NM

Gross Profit

1.58

NM

Gross Margin

78.7%

-%

NM

Operations Profit/(Loss)

1.18

(0.11)

NM

Net Income/(Loss)

0.74

(0.11)

NM

Earnings/(Loss) Per Share

0.00

(0.00)

NM

*Notes: pp represents percentage points

Revenue

Total revenue was $2.01 million for the three months ended September 30, 2020, compared with nil for the same period of last year, which was mainly due to increase in service revenue generated from auto-billing management system from micro-business users.

Cost of Sales

Total cost of sales was $0.43 million for the three months ended September 30, 2020, compared with nil for the same period of last year.

Gross profit and gross margin

Gross profit was $1.58 million for three months ended September 30, 2020, compared with nil for the same period of last year. 

Gross margin was 78.7% for the three months ended September 30, 2020, compared with nil for the same period of last year.

Operations Profit/(Loss)

General and administrative expenses increased by $0.30 million, or 267.0%, to $0.41 million for the three months ended September 30, 2020 from $0.11 million for the same period of last year. The increase was mainly due to increase in the payroll expenses as a result of 77 new staffs were recruited during the period.

Operations profit was $1.18 million for the three months ended September 30, 2020, compared with operations loss of $0.11 million for the same period of last year.

Net Income (loss)

Net income was $0.74 million for the three months ended September 30, 2020, compared with net loss of $0.11 million for the same period of last year. Basic and diluted earnings per share was nil for the three months ended September 30, 2020, compared with nil for the same period of last year.

Nine months ended September 30, 2020 Financial Results

For the Nine Months Ended September 30,

($ millions, except per share data)

2020

2019

% Change

Revenue

2.89

NM

Gross Profit

2.37

NM

Gross Margin

82.2%

-%

NM

Operations Profit/(Loss)

1.76

(0.26)

NM

Net Income/(Loss)

1.31

(0.26)

NM

Earnings/(Loss) Per Share

0.00

(0.00)

NM

*Notes: pp represents percentage points

Revenue

Total revenue was $2.89 million for the nine months ended September 30, 2020, compared with nil for the same period of last year, which was mainly from the service revenue generated from auto-billing management system from customers.

Cost of Sales

Total cost of sales was $0.52 million for the nine months ended September 30, 2020, compared with nil for the same period of last year.

Gross profit and gross margin

Gross profit was $2.37 million for nine months ended September 30, 2020, compared with nil for the same period of last year. 

Gross margin was 82.2% for the nine months ended September 30, 2020, compared with nil for the same period of last year.

Operations Profit/(Loss)

General and administrative expenses increased by $0.36 million, or 142.0%, to $0.62 million for the nine months ended September 30, 2020 from $0.26 million for the same period of last year. The increase was mainly due to increase in the payroll expenses as a result of 77 new staffs were recruited during the period.

Operations profit was $1.76 million for the nine months ended September 30, 2020, compared with operations loss of $0.26 million for the same period of last year.

Net Income/(loss)

Net income was $1.31 million for the nine months ended September 30, 2020, compared with net loss of $0.26 million for the same period of last year. Basic and diluted earnings per share was nil for the nine months ended September 30, 2020, compared with nil for the same period of last year.

Financial Condition

As of September 30, 2020, the Company had cash and cash equivalents for $6.79 million, compared to $6.59 million as of December 31, 2019. Net cash used in operating activities was $1,042,610 for the nine months ended September 30, 2020, compared to $509 for the same period of last year. Net cash provided by financing activities was $0.84 million for the nine months ended September 30, 2020, compared to $0.22 million for the same period of last year.

About WeTrade Group Inc.

WeTrade Group Inc. is an emerging growth company engaged in the business of providing technical services and solutions via its membership-based social e-commerce platform and the Company targets to provide technical and auto-billing management services for 100 million micro-business users in China. Wetrade has conducted its business operations in mainland China and trial operation in Hong Kong, Philippines and Singapore.  WeTrade has also formed the long-term technical cooperation with Yuetao App, Daren App, Yuebei App, Jingdong App, Yuedian App and Lvyue App. For more information, please visit http://www.wetradegroup.net.

Forward-Looking Statements

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company’s encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission.

For more information, please contact:

WeTrade Group Inc.
ir@wetradegroup.net

Ascent Investor Relations LLC
Tina Xiao
+1-917-609-0333
tina.xiao@ascent-ir.com  

 

WETRADE GROUP INC

BALANCE SHEETS

(All amounts shown in U.S. Dollars)

September 30,
2020

December 31,
2019

(unaudited)

(audited)

ASSETS

Current Assets:

Cash and Cash Equivalents

$

6,787,535

$

6,591,128

Accounts Receivables

1,030,920

Other receivables

276,400

Prepayments

197,097

Non current Assets:

Right of use assets

2,832,007

Intangible asset, net

77,196

Prepaid expense

10,327

Total Assets:

11,211,481

6,591,128

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:

Accrued expenses

220,412

32,000

Tax payables

556,802

Amount due to related parties

416,500

1,754,515

Lease liabilities, current

304,973

Total Current Liabilities

1,498,687

1,786,515

Lease liabilities, non- current

2,581,882

Total Liabilities

4,080,569

1,786,515

Stockholders’ Equity:

Common Stock; $0.00 per share par value; 305,451,498 issued and outstanding at September 30,

2020 and 300,222,000 issued and outstanding at December 31, 2019*

Additional Paid in Capital

6,057,520

222,020

Share to be issued

5,000,000

Accumulated other comprehensive income (loss)

183,673

Retained Earning/ (Accumulated Deficit)

889,719

(417,407)

Total Stockholders’ Equity

7,130,912

4,804,613

Total Liabilities and Stockholders’ Equity

$

11,211,481

$

6,591,128

*Share and per share amounts have been retroactively adjusted to reflect the increased number of shares resulting from a 1:3 stock split. 

 

WETRADE GROUP INC

STATEMENTS OF OPERATIONS

Unaudited

Three

 Months

ended S

eptember

30

2020

Three

Months

 ended

September

30

2019

Nine

 Months

 ended

September

 30,

2020

 From

 inception to

 September 30, 2019

Revenue:

Service revenue, non-related party

518,269

$

518,269

Service revenue, related party

1,493,829

2,370,192

Total Revenue:

2,012,098

2,888,461

Cost of revenue

(427,647)

(515,195)

Gross Profit

1,584,451

2,373,266

Operating Costs and expenses:

General and Administrative

407,067

110,921

617,216

255,010

Operations Profit/ (Loss)

1,177,384

(110,921)

1,756,050

(255,010)

Other income/ (loss)

38,939

39,060

Net Profit/ (Loss) before Income Tax

1,216,323

(110,921)

1,795,110

(255,010)

Income tax expense

475,431

487,984

Net income (loss) attributable to noncontrolling interest

740,893

(110,921)

1,307,126

(255,010)

Other Comprehensive Income (Loss)

Foreign currency translation adjustment

244,292

183,826

Total comprehensive Income (Loss)

985,185

(110,921)

1,490,952

(255,010)

Basic and Diluted Net Income (Loss) per share:

0.00

(0.00)

0.00

(0.00)

Weighted average number of shares outstanding*; Basic and

Diluted

308,704,888

300,073,998

304,166,073

300,024,666

*Share and per share amounts have been retroactively adjusted to reflect the increased number of shares resulting from a 1:3 stock split.

 

WETRADE GROUP INC

STATEMENTS OF CASH FLOWS

 From the

period

March 28,

2019

For the

Period

September

30, 2020

 (Inception)

to

September 

30,2019

(unaudited)  

(unaudited) 

Cash Flows from Operating Activities:

Net Income/ (Loss)

$

1,307,126

(255,010)

Changes in Operating Assets and Liabilities:

Trade Receivables

(1,028,044)

Other receivables

(275,629)

Prepaid expenses

(206,845)

Amount due to related parties

(560,020)

144,501

Intangible assets

(76,980)

Accrued expenses

187,839

110,000

Tax payables

555,248

Right of use assets

(824,106)

Lease liabilities

878,801

Net Cash Flows Used in Operating Activities:

(1,042,610)

(509)

Cash flow from financing activities:

Proceeds from issuance of common stock

835,500

222,020

Net cash provided by financing activities:

835,500

222,020

Effect of exchange rate changes on cash

403,517

Change in Cash and Cash Equivalents:

196,407

221,511

Cash and Cash Equivalents, Beginning of Period

6,591,128

Cash and Cash Equivalents, End of Period

$

6,787,535

221,511

Supplemental Cash Flow Information:

Cash paid for interest

$

Cash paid for taxes

PT. ALTO Network Partners with INETCO to Secure Indonesia’s National Payment Gateway

INETCO’s real-time payment fraud detection platform increases the security of every end-to-end payment transaction

VANCOUVER, Canada, Dec. 3, 2020 — INETCO Systems Limited, a leader in real-time payment fraud prevention, today announced that PT. ALTO Network (ALTO), a National Payment Gateway for Indonesia, has chosen the INETCO Insight software to deliver world-class performance and security monitoring. This partnership further supports the National Non-Cash Movement and Bank Indonesia’s National Payment System vision.

ALTO is Indonesia’s leading provider of end-to-end payment switching and digital banking solutions. Licensed by Bank Indonesia as the institution that implements the National Payment Gateway (GPN) to uphold the interconnection and interoperability of Indonesia’s national payment system. Providing services to 40+ issuing and acquiring member banks, ALTO connects to 100,000+ automated teller machines (ATMs) and 1,000,000+ electronic data capture (EDC) machines across Indonesia. In September 2020, ALTO announced a partnership with Visa for domestic debit-card transaction processing. ALTO implemented the INETCO Insight payment monitoring and analytics platform to comply with Visa security regulations and guarantee the stability and safety of every end-to-end payment transaction.

 "Payment fraud is greatly under regulated in Indonesia," said Patricco Baron, CTO at PT. ALTO Network. "Together, with world-class partners such as INETCO, we can actively work to prevent card present and card-not-present fraud attacks. We want to make customers feel safe when it comes to digital payment migration and help our member banks protect themselves against financial loss and a tarnished reputation – neither of which can be easily recovered." 

The ALTO fraud risk team relies on INETCO Insight to identify and analyze transaction-level payment fraud attacks in milliseconds – before major financial loss, customer risk or reputational harm occurs. The round trip performance of every domestic ATM, debit and inter-bank funds transfer transaction is correlated and profiled in real-time, giving ALTO complete visibility across 120+ links that include:

  • From every issuing and acquiring member bank to the ALTO Retail Payment Solution (RPS) switch
  • From the ALTO RPS switch to the host authorization points

In addition to visibility across the end-to-end payment journey, INETCO Insight decodes all protocol message fields contained within each transaction, including message types, card numbers, amounts, transaction dates and times, response codes, terminal IDs and ISO 8583 messages. These are the data fields that the ALTO fraud risk team uses to meet Visa security requirements, and to feed proactive rules-based alerts, fraud analytics, predictive machine learning models and real-time risk scoring for each individual customer – instantly updated every time a transaction occurs.  

"INETCO is dedicated to helping ALTO deliver world-class payment security and service excellence to all their member banks and customers," says Bijan Sanii, CEO of INETCO. "We have a proven track record of increasing the safety and stability of payment transactions, and are excited by the opportunity to drive financial inclusion and the adoption of non-cash payments across Indonesia." 

You can read the full ALTO case study here.

About ALTO

Founded in 1994, PT. ALTO Network (ALTO) is Indonesia’s leading provider of end-to-end bank switching and digital payment solutions. Licensed by Bank Indonesia as the institution that implements the National Payment Gateway (GPN), ALTO’s business has grown from shared ATM Network, to the provision of digital end-to-end solutions with extensive domestic ATM network, GPN’s debit transaction processing services, real-time payment disbursement, cross-border remittance transactions, QR code payment system, card-not-present transactions, and other value-added services. ALTO is currently servicing 40+ issuing and acquiring major banks and major non-banks, handling over 25 million transactions per month with a connection to 100,000+ automated teller machines (ATMs) and 1,000,000+ electronic data capture (EDC) machines across Indonesia. For more information, visit https://www.alto.co.id/

About INETCO

INETCO® builds smart technology that increases the reliability, safety and value of every digital and self-service payment. Our real-time transaction monitoring and analytics platform, INETCO Insight, has been selected by leading banks, payment service providers and retailers – in over 35 countries – to accelerate their digital transformation strategies and to speed up the detection of payment fraud and performance issues threatening to impact revenue, reputation and the end customer experience.

Website: https://www.inetco.com 
Twitter: @INETCOInsight 
Facebook: www.facebook.com/INETCO 
LinkedIn: www.linkedin.com/company/inetco 
YouTube: http://www.youtube.com/inetcoinsight

INETCO, INETCO Insight, the INETCO logo, and the INETCO Insight logo are trademarks or registered trademarks of INETCO Systems Ltd. All other trademarks are the property of their respective owners.

Related Links :

Home

Databricks Launches SQL Analytics to Enable BI on Data Lakes


First in the industry to realize Lakehouse vision, Databricks delivers up to 9x better price/performance than traditional cloud data warehouses

SAN FRANCISCO, Dec. 3, 2020 — Databricks, the data and AI company, recently announced the launch of SQL Analytics, which for the first time enables data analysts to perform workloads previously meant only for a data warehouse on a data lake. This expands the traditional scope of the data lake from data science and machine learning to include all data workloads including business intelligence (BI) and SQL. Now, organizations can empower data teams across data engineering, data science, and data analytics to work on a single source of truth for data. SQL Analytics realizes Databricks’ vision for a lakehouse architecture that combines data warehousing performance with data lake economics, resulting in up to 9x better price/performance than traditional cloud data warehouses. SQL Analytics is now available in public preview.  For more information, join the December 10th webinar: Lakehouse Architecture: From Vision to Reality. Register for free, here.

A lakehouse architecture simplifies data and AI for organizations. In the past, data teams had to maintain proprietary data warehouses for BI workloads and data lakes for data science and machine learning workloads, because no single data platform could meet the performance needs of BI and the flexibility needs of data science. Expensive and complicated to maintain, this coexistence of legacy architectures has created data silos that slow innovation and stifle data team productivity. A lakehouse addresses this by running all workloads through a single architecture.

Shell chose Databricks to be one of the foundational components of its Shell.ai platform. "Shell has been undergoing a digital transformation as part of our ambition to deliver more and cleaner energy solutions. As part of this, we have been investing heavily in our data lake architecture. Our ambition has been to enable our data teams to rapidly query our massive datasets in the simplest possible way. The ability to execute rapid queries on petabyte scale datasets using standard BI tools is a game changer for us. Our co-innovation approach with Databricks has allowed us to influence the product roadmap and we are excited to see this come to market." Dan Jeavons, GM Data Science

"It is no longer a matter of if organizations will move their data to the cloud, but when. A lakehouse architecture built on a data lake is the ideal data architecture for data-driven organizations and this launch gives our customers a far superior option when it comes to their data strategy," said Ali Ghodsi, CEO and co-founder of Databricks. "We’ve worked with thousands of customers to understand where they want to take their data strategy, and the answer is overwhelmingly in favor of data lakes. The fact is that they have massive amounts of data in their data lakes and with SQL Analytics, they now can actually query that data by connecting directly to their BI tools like Tableau."

SQL Analytics is built on Delta Lake, an open format data engine that adds reliability, quality, and security, to a customer’s existing data lake. Customers are able to avoid storing multiple copies of data, as well as locking data up in proprietary formats. To deliver BI-performance on a data lake, SQL Analytics makes use of two unique innovations. First, it provides easy-to-use auto-scaling endpoints that keep query latency consistently low under high user load. Second, it uses Delta Engine, Databricks’ unique polymorphic query execution engine, to complete queries quickly against both large and small data sets. With native connectors for all major BI tools, including Tableau and Microsoft Power BI, customers can easily integrate SQL Analytics into their existing BI workflows to conduct analytics on much fresher, more complete data than ever before. SQL Analytics also provides a SQL-native query and visualization interface to allow analysts, data scientists, and developers without access to traditional BI tools to build dashboards and reports that can be easily shared within their organization.

"Now more than ever, organizations need a data strategy that enables speed and agility to be adaptable," said Francois Ajenstat, Chief Product Officer at Tableau. "As organizations are rapidly moving their data to the cloud, we’re seeing growing interest in doing analytics on the data lake. The introduction of SQL Analytics delivers an entirely new experience for customers to tap into insights from massive volumes of data with the performance, reliability and scale they need. We’re proud to partner with Databricks to bring that opportunity to life."

The lakehouse architecture is widely supported by Databricks partners including:

  • BI Partners: Tableau, Power BI, Qlik, Looker, Thoughtspot
  • Ingest Partners: Fivetran, Fishtown Analytics, Matillion, Talend
  • Catalog Partners: Collibra, Alation
  • Consulting Partners: Slalom, Thorogood, Advancing Analytics

"Databricks SQL Analytics is a critical step in the most important trend in the modern data stack: the unification of traditional SQL analytics with machine-learning and data science," said George Fraser, CEO at Fivetran. "Companies make huge investments in centralizing and curating data, and they should be able to make those investments once and then implement multiple analytical paradigms in a unified environment. The Lakehouse architecture supports that."

This announcement comes on the heels of impressive momentum Databricks has achieved over the past year. The company achieved a $350M+ revenue run rate as of Q3 2020, up from $200M in Q3 2019, and is now among the fastest-growing enterprise software cloud companies on record. It has achieved global growth, doubling its headcount in the UK, Netherlands, Germany, and Sweden, and growing 5x in Australia and India over the last year. Databricks has 1,500 employees worldwide, and thousands of data teams leverage its Unified Data Analytics Platform across all industries and verticals.

QUOTE SHEET

Atlassian: "At Atlassian, we need to ensure teams can collaborate well across functions to achieve constantly evolving goals," said Rohan Dhupelia, Data Platform Senior Manager, Atlassian. "A simplified lakehouse architecture would empower us to ingest high volumes of user data and run the analytics necessary to better predict customer needs and improve the experience of our customers.  A single, easy-to-use cloud analytics platform allows us to rapidly improve and build new collaboration tools based on actionable insights."

Shell: "Shell has been undergoing a digital transformation as part of our ambition to deliver more and cleaner energy solutions. As part of this, we have been investing heavily in our data lake architecture. Our ambition has been to enable our data teams to rapidly query our massive datasets in the simplest possible way. The ability to execute rapid queries on petabyte scale datasets using standard BI tools is a game changer for us. Our co-innovation approach with Databricks has allowed us to influence the product roadmap and we are excited to see this come to market." Dan Jeavons, GM Data Science

Wejo: "At Wejo, we’re collecting data from more than 50 million accessible connected cars to build a better driving experience. Databricks and a robust lakehouse architecture will allow us to provide automated analytics to our customers, empowering them to glean insights on nearly 5 trillion data points per month, all in a streaming environment from car to marketplace in seconds." (Daniel Tibble, Head of Data)

Yipitdata: "As a company focused on providing data-driven research to our customers, the massive amount of data in our data lake is our lifeblood.  By leveraging Databricks and Delta Lake, we have already been able to democratize data at scale, while lowering the cost of running production workloads by 60%, saving us millions of dollars.  We’re excited to build on this momentum by leveraging the Databricks lakehouse architecture that will further empower everyone across our organization – from research analysts to data scientists – to interchangeably use the same data, helping us to provide innovative insights to our customers faster than ever before." (Andrew Gross, Director of Engineering)

Press Contact:
Keyana Corliss
Head of Global Communications
Keyana.Corliss@databricks.com

Logo – https://mma.prnasia.com/media2/1160675/Databricks_Logo.jpg?p=medium600

Climatetrade announces a partnership with Algorand and Investment from Borderless Capital


VALENCIA, Spain, Dec. 2, 2020  — Climatetrade, a blockchain-marketplace for CO2 carbon offsetting, announced today it will leverage the Algorand, a scalable, secure and decentralized digital blockchain technology network. to bring its technology to the next level. In addition, Borderless Capital has participated in the € 1 Million seed round of Climatetrade to support the company’s strategic plan and expansion goals.

Climatetrade is leading the market in terms of bringing transparency and traceability into carbon markets with blockchain solutions, offering its services to large corporations such as Iberia, Melià Hotels, Cabify, Telefónica, and many others. Climatetrade gives its users access to a marketplace where they can  directly offset their carbon footprint by selecting the most suitable carbon credits, along with  the records of all their transactions in a private dashboard.

Climatetrade and its customers will be using Algorand as its primary infrastructure layer and leveraging its capabilities for carbon offsetting. The key benefits to using a public blockchain network to transact and create an open marketplace for carbon credit trading are greater efficiency, transparency and inclusivity.

"Climatetrade’s selection of Algorand to power a global marketplace for carbon offsetting is a major shift in how organizations can achieve carbon neutrality," said W. Sean Ford, COO of Algorand. "By making carbon offsetting more easily accessible and efficient, Climatetrade is poised to make a far reaching environmental impact through its vast network — all with blockchain."

"After analysing several technology providers and rigorous due diligence, we chose Algorand as the blockchain infrastructure to power our platform. We have no doubt, Algorand is the perfect solution due to its flexible architecture, low transaction fees and scalability of transactional performance. In addition, they are the only pure proof-of stake (PPoS) network and we have an aligned business vision," said  Francisco Benedito, CEO of Climatetrade."

Borderless Capital invests in category-leading businesses creating economic value in the borderless economy. This investment will enable Climatetrade to open markets in the United States. The next stop on Francisco’s itinerary will be Silicon Valley, where Climatetrade is planning to open its first office to start commercializing its innovative solutions to those American companies that wish to reaffirm their commitment to sustainability by offsetting their CO2 emissions.

"Borderless is the right partner for us as they have the experience with businesses that integrate blockchain at their core. We are sure that will help ClimateTrade to expand faster and complement our strategy perfectly," said Francisco Benedito.

"We are excited and proud to join ClimateTrade. The use of Algorand technology and blockchain for making the planet a better place is at core of our investment philosophy and mindset," said David Garcia, CEO and Managing Partner of Borderless Capital.

This alliance will enable Climatetrade to position itself as the reference for the climate markets worldwide and to progressively create an exponential organization able to make a real impact in the world.

About Climatetrade
Climatetrade is a Spanish company whose main objective is to help companies achieve their sustainability goals by offsetting CO2 emissions and financing climate change projects.

Pioneering the development of its Blockchain marketplace, Climatetrade has recently launched an API that allows the acquisition of carbon neutral products and services from customers of the different companies integrating this solution.

About Algorand Inc.
Algorand Inc. built the world’s first open-source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products. The Algorand protocol is the brainchild of Turing Award-winning cryptographer Silvio Micali. Algorand Inc., a technology company dedicated to removing friction from financial exchange, is powering the DeFi evolution by enabling the creation and exchange of value, building new financial tools and services, bringing assets on-chain, and providing responsible privacy models.

About Borderless Capital
Borderless Capital is a modern financial institution investing capital and building financial products that accelerate access, bootstrap adoption, and create value globally through the Algorand borderless economy.

Media contact: algorand@dittopr.co

Logo – https://techent.tv/wp-content/uploads/2020/12/climatetrade-announces-a-partnership-with-algorand-and-investment-from-borderless-capital.jpg