99% of PS4 games will be Playable on the Playstation 5 according to Sony

With the pending arrival of Sony’s long-awaited next-generation console: the PlayStation 5, many are looking for more information about the system’s new UI and for more concrete information on how the backward compatibility will work on the PS5. To cut the issue down to size, one of the biggest questions is whetherr you’ll be able to play PS4 games on the new console.

After much speculation and confusion, Sony has officially announced that approximately 99 percent of the over four thousand titles available on the PS4 will be playable on Playstation 5 consoles. So far, only 10 games are off the list which: DWVR, Afro Samurai 2 Revenge of Kuma Volume One, TT Isle of Man – Ride on the Edge 2, Just Deal With It!, Shadow Complex Remastered, Robinson: The Journey, We Sing, Hitman Go: Definitive Edition, Shadwen, and Joe’s Diner.

Source: Sony

System architect Mark Cerny expressed that the company has been testing the best 100 most played PS4 diversions, and “nearly” all of them will be working as intended when the Playstation 5 arrives. Sony has moreover guaranteed it has, as of now, tried “hundreds of titles” and will be testing “thousands more as we move toward dispatch”. This mean you will likely be able to play games that you have purchased on the PS4 and play them on PS5. Although, we haven’t heard from Sony just yet on how backwards compatibility will work when it comes to digital libraries from the PlayStation Store. That said, Sony strongly suggested to run your PS4 games on PS5 before buying any add-ons or DLC to ensure there is no any other ‘error or unexpected behavior’ occur while playing.

Sony has already done a public tear down of the PS5 and given us an in-depth look at the console’s specs and features. These include an NVMe SSD for super-fast load times, ray-tracing support, a built-in 4K Blu-ray player, backwards compatibility with thousands of titles in the PS4’s game library and a massive cooling system. With all these powerful specs and PS5’s Game Boost Feature, it is expected that compatible PS4 titles will run more smoothly and have a higher frame rate than on the PS4.

Thin, Light, Stylish – Meet the Lenovo Yoga Slim 7i Carbon

Lenovo’s Carbon line up has long been reserved for its premium ThinkPad line up which the company gears for corporations. However, this year, Lenovo is trying something new by bringing the Carbon’s signature thin and light form factor to its Yoga line up. Joining the recently announced Yoga Slim 7i and Slim 7i Duet, the Yoga Slim 7i Carbon enhances Lenovo’s portfolio with an even more premium laptop focusing on the thin and light form factor.

The new Lenovo Yoga Slim 7i Carbon weighs only 966 grams but packs specifications to allow you to be productive on the go. The laptop brings the signature carbon fiber build of the ThinkPad Carbon to the Yoga line up bringing both durability and a lightweight build. The material boasts the company’s proprietary second generation Web-Core 2.0 Carbon Fiber with enhance rigidity and durability while reducing the material weight by up to 40%.

The chassis isn’t the only thing that the Yoga Slim 7i Carbon has going for it. It comes either an 11th Generation Intel Core i7-1165G7 or a Core i501135G7 bringing capable performance complemented by Intel’s new IRIS Xe graphics. There are options for either 8GB or 16GB of dual channel DDR4 RAM with options of up to 1TB PCIe M.2 SDD storage.

The Yoga Slim 7i Carbon comes with a 13-inch Quad HD display with a 16:10 aspect ratio. The display panel has 100% coverage of the sRGB gamut and has been certified by TÜV-Rheinland to be low blue light emitting. The panel also has Dolby Vision and Atmos optimisations, according to Lenovo. The display comes with super slim, 3mm bezels which allow for a more immersive experience. The hinge has 180° of rotation.

On the connectivity end, the Yoga Slim 7i Carbon comes with 2 USB Type C ports with support for Thunderbolt 4, PD 3.0, DisplayPort 1.4 and USB 4; 1 USB Type C with support for PD3.0, DisplayPort 1.4 and USB3.2 and an audio combo jack. It also supports WiFi 6 (802.11ax) and Bluetooth 5.0. It also supports Windows Hello with its IR camera.

Pricing & Availability

The Lenovo Yoga Slim 7i Carbon will be available in Moon White for MYR4,399. Release date is to be confirmed.

depa Joins Forces with Partners to Organize Thailand Smart City Week 2020

Showcasing Digital Technologies to Steer People-Centric Smart City Development

BANGKOK, Oct. 12, 2020 The Digital Economy Promotion Agency (depa) led by President/CEO, Dr. Nuttapon Nimmanphatcharin, teams up with partners to hold a press conference on the launch of Thailand Smart City Week 2020 to exhibit of advanced digital technologies related to smart city development. For the first time in Thailand, it will be carried out in the Real Digital event under the REAL Solutions for REAL People in the REAL Smart Cities concept, where people will see a new smart city development vision through the adoption of advanced digital technologies in order to enhance sustainable urbanization. The event is expected to inspire smart city leaders to find digital-based solutions to develop smart cities with a central goal to create a magnificent milestone in smart city development in Thailand and ASEAN.

depa Joins Forces with Partners to Organize Thailand Smart City Week 2020, Showcasing Digital Technologies to Steer People-Centric Smart City Development
depa Joins Forces with Partners to Organize Thailand Smart City Week 2020, Showcasing Digital Technologies to Steer People-Centric Smart City Development

Planned activities are as follows:

1. Smart City PLAYS: Demonstration of digital technology and innovation adoption, showcasing innovations associated with smart city development. It aims to improve the quality of Thai society in collaboration with public and private sectors, including CU Smart City, Flower Labs solution at Pak Klong Talad, and Creator Space at True Digital Park.

2. Smart City LEARNS: Meet a range of experts who will share knowledge about smart city development through the use of digital innovations. There are training sessions and online seminars which will be streaming live via Facebook Live at Smart City Thailand Office.

3. Smart City HACKS: The event collaborates with Techsauce to launch Thailand Smart City Week 2020 Hackathon to provide people with an opportunity to find the right digital solutions to directly tackle the problems of the city to achieve the sustainability in smart urbanization.

4. Smart City MEETS: Exhibition of advanced digital technologies created to accelerate smart city development. They are innovated by the participating digital developers. It will be conducted through the Virtual Exhibition, which is the first full-scale in Thailand. It presents an ample opportunity for developers to succeed in business negotiations through real-time communication via online platforms in the new-normal style.

The event opens to the public free of charge for students and general people from October 16 – 22, 2020. Attending the event virtually can be made at scw.smartcitythailand.or.th or www.smartcitythailand.or.th or facebook.com/smartcitythailand. Any inquiries, contact Smart City Thailand Office, depa, Tel +66 2026 2333.

Related Links :

http://www.smartcitythailand.or.th

BenQ Launches GW2780T Eye-care Monitor and Monitor Light ScreenBar to Protect Consumers’ Eye Health

BenQ’s advanced eye-care technologies and sleek ergonomic designs power the latest work and study setup in a screen-centric world

SINGAPORE, Oct. 12, 2020 — BenQ, the world-leading provider of digital lifestyle innovations, today launched the GW2780T Eye-care Monitor and Monitor Light ScreenBar, a powerful combination to safeguard eye health for any work and study environment. GW2780T is the 27-inch edition of its popular predecessor GW2480T 24-inch monitor, featuring the latest eye-care technologies and height adjustment stand; complemented by the ScreenBar, an intelligent clip-on monitor light with advanced sensors and dimmable features designed for consumers’ viewing comfort.

BenQ Launches GW2780T Eye-care Monitor and Monitor Light ScreenBar to Protect Consumers' Eye Health
BenQ Launches GW2780T Eye-care Monitor and Monitor Light ScreenBar to Protect Consumers’ Eye Health

With the existing work-from-home regulations due to COVID-19, Singaporeans continue to spend a disproportionate amount of time at their home office, creating a need for intelligent digital products that maintain and protect eye health in our screen-centric world.

"The ongoing pandemic has normalised remote working and learning on a large scale, resulting in an increase in average screen time for both adult and young digital consumers. The launch of BenQ’s GW2780T Eye-care Monitor and Monitor Light ScreenBar in Singapore is paving the way for new concepts of home productivity and entertainment setups while safeguarding consumers’ eye health," said Jeffrey Liang, President of BenQ Asia Pacific. "The monitor-ScreenBar duo boasts intelligent features and intuitive designs to optimise the productivity corner, a commitment that BenQ continues to uphold for office workers and students who are experiencing higher screen time after the pandemic."

GW2780T – Eye-care monitor designed for remote working and learning

The latest model in BenQ’s G-Series LED monitors, the GW2780T Eye-care Monitor offers the user many vision health-focused features, including BenQ’s exclusive Brightness Intelligence Technology (B.I.). As screen time increases, computer users are more susceptible to eyestrain caused by improper lighting from ambient light and display light, as well as reflection glare. This could potentially contribute to the prevalence of myopia in Singapore, which is currently amongst the highest in the world.

The GW2780T Eye-care Monitor uses B.I. to automatically adjust the screen light to suit the user’s surrounding environment, adapting brightness and enhancing dark areas on the display without overexposing bright regions. 

Engineered for safe and optimal screen time, both the GW2480T and GW2780T Eye-care Monitors offer pairing options with laptop, tablet, and even smart phone, allowing the user to enjoy the comfort of big screen projection, with the help of Flicker-Free Technology and Low Blue Light Technology.

The GW2780T is a valuable addition to any home office or study room as its height adjustment stand allows for optimal customisation in terms of the display height, tilt, pivot, and swivel—all of which ensure that anyone in the family can comfortably maintain a proper viewing distance and correct sitting posture.

ScreenBar – An Amazon US bestseller now available in Singapore

An original invention by BenQ, the ScreenBar is a cutting-edge e-reading monitor light that features exclusive auto-dimming feature, asymmetrical optical design, and a patented clip, removing the need for a lamp base and additional table space.

What makes the Monitor Light ScreenBar top off the line is its 14 adjustable brightness levels and 8 colour temperature levels (from 2.7K to 6.5K), maximising the user’s efficiency and comfort. The auto-dimming feature, thanks to built-in ambient light sensors, detects the surrounding brightness and illuminates the workstation with the proper brightness and colour temperature.

The USB-powered ScreenBar also features an asymmetrical optical design that only illuminates the desk and does not shine on the screen, avoiding reflective glare.

BenQ’s Monitor Light ScreenBar can be paired with a wide range of monitors, offering the user unmatched product versatility and optimal viewing experience regardless of their environment.

The GW2780T Eye-care Monitor and Monitor Light ScreenBar retails at SGD339 and SGD159 (before GST) and are now available exclusively at BenQ Store on Lazada.

Read more about the GW2780T Eye-care Monitor and Monitor Light ScreenBar here.

About BenQ Corporation

Founded on the corporate vision of "Bringing Enjoyment ‘N’ Quality to Life", BenQ Corporation is a world-leading human technology and solutions provider aiming to elevate and enrich every aspect of consumers’ lives. To realize this vision, the company focuses on the aspects that matter most to people today – lifestyle, business, healthcare and education – with the hope of providing people with the means to live better, increase efficiency, feel healthier and enhance learning. Such means include a delightfully broad portfolio of people-driven products and embedded technologies spanning digital projectors, monitors, interactive large-format displays, audio products, cloud consumer products, mobile communications and lifestyle lighting. Because it matters.

GW2780T – Technical Specifications

Display

Screen Size

27

Panel Type

IPS

Backlight Technology ‎

LED backlight

Resolution (max.)

1920×1080

Brightness

250

Native Contrast(typ.)

1000:1

Viewing Angle (L/R;U/D) (CR>=10)

178/178

Response Time

5ms

Aspect Ratio

16:9

Display Colours

16.7 Mil.

Colour Gamut

72% NTSC

Display Area(mm)

597.60×336.20

PPI

93

DCR (Dynamic Contrast Ratio) (typ.)

20,000,000 : 1

Colour Bit

8 bits

Audio

Built-in Speaker

2Wx2

Headphone Jack

Yes

Audio Line In

Yes

Monitor

Product Colour

Black

Colour Temperature

Normal (6500°K) / Reddish (5700°K) / Bluish (9300°K) / User Mode

OSD Language

18 Languages (English / Francais / Deutsch / Italiano / Espanol / Polish / Czech / Hungarian / Romanian / Dutch / Russian / Swedish / Portuguese / Japanese / Chinese / S-Chinese / Arabic/ Korean)

HDCP

1.4

VESA Wall Mount

100×100 (mm)

AMA

Yes

Eye Care

Flicker-free Technology

Yes

Low Blue Light

Yes

Brightness Intelligence (B.I.)

Yes

Connectivity

D-sub

D-sub x1

HDMI

HDMI (v1.4) x1

DisplayPort

DisplayPort (v1.2) x1

Power

Voltage Rating

100 – 240V

Power Supply

Built-in

Power Consumption (on mode.)

32W

Power Consumption (based on Energy Star)

18W

Dimension and Weight

Dimensions (HxWxD mm)

552x612x239 (Highest)

430x612x239 (Lowest)

Net Weight (kg)

6.6

Gross Weight (kg)

8.7

Tilt (down/up)

-5˚ -35˚

Swivel (left/right)

N/A

Pivot

90˚

Height Adjustment (mm)

140

Environmental Standards

Energy Star

Yes

EPEAT

Yes

Compliant Standards

TCO

7.0

Certification

Windows® Compatible

Windows®10, Windows®8.1, Windows®8, Windows®7

ScreenBar – Technical Specifications

Lighting

Light source

Dual colour LED‎

Colour Rendering Index

Ra>95

Illuminance

1000 Lux in the centre (height 45cm)

Luminous Flux

320lm‎

Colour Temperature‎

2700~6500K

Power Input‎

5V USB port‎

Power Consumption

5W (max.)

Materials

Aluminium alloy, Polycarbonate

Dimension

45cm x 9.0cm x 9.2cm

Net Weight

0.53kg

Media Contact

Name: Hans LI Chen
BenQ Corporation
Email: Hans.LI.Chen@BenQ.com

Name: Joel Seet
Ying Communications
Email: Joel.Seet@finnpartners.com  

Photo – https://photos.prnasia.com/prnh/20201009/2945112-1?lang=0

iQIYI’s Hit Suspense Drama “The Bad Kids” to Premiere in Japan in 2021

iQIYI’s hit Mist Theater dramas successfully distributed in overseas markets including Japan, South Korea, Singapore, Malaysia, Hong Kong and Macau

BEIJING, Oct. 11, 2020 — iQIYI Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, is pleased to announce that it has reached an agreement with WOWOW, Japan’s leading premium satellite television station, to release its hit suspense The Bad Kids, in Japan in early 2021.

iQIYI’s Hit Suspense Drama “The Bad Kids” to Premiere in Japan in 2021
iQIYI’s Hit Suspense Drama “The Bad Kids” to Premiere in Japan in 2021

As part of iQIYI’s Mist Theater, a content library dedicated to iQIYI’s original suspense dramas, The Bad Kids is the first Chinese series that is directly acquired by WOWOW and the first Chinese modern drama shown on its channel. 

A representative from WOWOW says: "It’s a great honor to cooperate with iQIYI. The Bad Kids has received rave reviews since its release in China, and we are looking forward to receiving the same response among the Japanese audience."

Presented by iQIYI and co-produced by Eternity Pictures, The Bad Kids is a 12-episode suspense series that tells the story of three kids in a small coastal town who accidentally witness a murder. The hit suspense drama, produced by Han Sanping and directed by Xin Shuang, features a star-stud cast led by Qin Hao and Wang Jingchun. Since its release, The Bad Kids has received positive reviews from nearly 800,000 viewers on the influential media review platform Douban, with an average score of 9.2 out of 10, making it the then highest rated Chinese TV series released in 2020 and a breakout hit in China. Recently, The Bad Kids has received five nominations for the 2nd Asia Contents Awards organized by the prestigious 25th Busan International Film Festival.

The Bad Kids is one of the series under Mist Theater which has achieved success in overseas distribution. The other four series under Mist Theater have also secured overseas release. Kidnapping Game has already aired on Singtel TV in Singapore, which is also planning to air Sisyphus and The Long Night soon. The Mist Theater series are also broadcasted on iQIYI HD Channel on Astro, a leading media brand in Malaysia. Part of Mist Theater series will be also aired on mainstream TV stations in overseas markets such as Japan, South Korea, Hong Kong and Macau.

The successful overseas distribution of Mist Theater series and the release of The Bad Kids through WOWOW TV in Japan has proven that Chinese streaming media platforms, led by iQIYI, have the capability to consistently produce high-quality original content.  Meanwhile, their genre-based content development and innovative exploration of content distribution models have attracted great interest from overseas markets. iQIYI’s premium content has been well received among overseas audiences, gaining international recognition and bringing Chinese dramas to the global arena.

About iQIYI, Inc.
iQIYI, Inc. is an innovative market-leading online entertainment service in China. Its corporate DNA combines creative talent with technology, fostering an environment for continuous innovation and the production of blockbuster content. iQIYI’s platform features highly popular original content, as well as a comprehensive library of other professionally-produced content, partner-generated content and user generated content. The Company distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI, big data analytics and other core proprietary technologies. iQIYI attracts a massive user base with tremendous user engagement, and has developed a diversified monetization model including membership services, online advertising services, content distribution, live broadcasting, online games, IP licensing, online literature and e-commerce.

 

Preparations for Asian Games Hangzhou 2022 pick up pace

A series of promotional events and launches start the two-year countdown to Hangzhou’s sporting showpiece

HANGZHOU, China, Oct. 10, 2020A news report from China Daily:

The 19th Asian Games Hangzhou 2022 will be held from Sept 10 to 25, 2022 in Hangzhou, capital of East China’s Zhejiang province. China Daily is teaming up with the organising committee of the Games to spotlight the preparation for and facts about the Hangzhou Asian Games.

The two-year countdown event for the 19th Asian Games Hangzhou 2022 is held in Hangzhou, Zhejiang province, on Sept 22. XIAO DA/CHINA DAILY
The two-year countdown event for the 19th Asian Games Hangzhou 2022 is held in Hangzhou, Zhejiang province, on Sept 22. XIAO DA/CHINA DAILY

Preparations for the 19th Asian Games Hangzhou 2022 are already in full swing and the Hangzhou Asian Games Organising Committee has held various activities to celebrate the two-year countdown in September.

A canoeing relay was held on Sept 6 in Hangzhou, host city of the Games, as a "teaser" to the celebration.

Representatives attend the launch ceremony of the International Etiquette Contest for the 19th Asian Games Hangzhou 2022, on Sept 27. CHINA DAILY
Representatives attend the launch ceremony of the International Etiquette Contest for the 19th Asian Games Hangzhou 2022, on Sept 27. CHINA DAILY

Five hundred canoe enthusiasts from all walks of life, led by famous athletes and representatives, set off from the Qiantang River in Hangzhou, and completed the relay through the waters of Qiandao Lake, the Xin’an River and Fuchun River across several counties of the city.

In each section, a team of 19 participants served as leading navigators, symbolizing the aspiration for the Hangzhou Asian Games.

Among them was 11-year-old Shen Xuanhong, who led the way through the Qiandao Lake section.

Despite his young age, he has been canoeing for three years.

"It usually takes me at least an hour and a half to get this far, but this time I finished in less than an hour."

"There were thrilling moments, like encountering big waves and getting hit by another boat, but overall it was pretty good," said Shen, gasping and smiling after completing the 7-kilometer course. Former two-time Olympic canoeing champion Meng Guanliang called on the public to live a green and healthy life during the relay event, adding that such events help more people develop a better understanding of aquatic sports, as well as of the Asian Games as a whole.

In addition to Hangzhou, Zhejiang’s other co-hosting cities of Ningbo, Wenzhou, Jinhua, Shaoxing and Huzhou also staged aquatic sports competitions and other sports-themed activities.

They were accompanied by events held across the province in cities, such as Jiaxing, Quzhou, Zhoushan, Taizhou and Lishui.

As part of the two-year runup to the event, on Sept 12, a garden party kicked off on the Hubin Pedestrian Street around the scenic West Lake in the city.

Plush toys of Feifei, the mascot for the 4th Asian Para Games, were also launched to the market that same day.

In addition, as a hit on the street, Hushang livestreaming space, China’s first outdoor 5G livestreaming studio, was designated as the livestreaming area for the Asian Games’ officially licensed products.

To date, more than 300 licensed products across nine categories have been launched for Hangzhou 2022, most of which were displayed at the garden party.

All official prestige partners of the Hangzhou Asian Games set up themed exhibition areas along the street, such as China Mobile, Alibaba and Hangzhou-based automaker Geely. For example, visitors can experience augmented reality soccer, watch the Asian Games using virtual reality technology, and watch the Asian Games live in HD at the 5G space station set up by China Mobile.

Alibaba Group’s Tmall platform also set up a booth to promote its online running event on Taobao, an online shopping app. Users can record their steps as they go about their daily routine, and for each 5 kilometers they achieve, they can win an Asian Games souvenir.

Furthermore, on Sept 22, HAGOC unveiled the sports pictograms for the Games, and initiated a global appeal for the slogan of the volunteers.

The sports pictograms, covering 40 sports and 59 disciplines, adopted the same design style as the Games’ emblem "Tides Surging", featuring smooth lines and dynamic graphics.

"The idea is derived from a kind of fete in ancient China and I hope more people will come to understand that the Asian Games is not only a competition, but also a gathering and networking event," said Yuan Youmin, designer of the pictograms and an associate professor at the China Academy of Art.

They will be employed in a variety of scenarios, including competitions, venue signs, public relations campaigns, broadcasting and souvenirs.

The HAGOC also started a global appeal for the slogan of the volunteers. Applicants can submit their proposals online, by post or on-site at the HAGOC office over the next five weeks.

Sept 22 also saw the launch ceremony for an Asian Games-themed documentary, which will take four Asian Games-related figures as its four leading characters, including former world badminton champion Li Lingwei, the Beijing Asian Games’ torch designer Bo Feng, Asian Games souvenir collector Wang Xiaowen and Wu Zike, who was the first person in the city to donate funds for the Hangzhou Asian Games.

An art performance is staged during the event. XIAO DA/CHINA DAILY
An art performance is staged during the event. XIAO DA/CHINA DAILY

"SMART HANGZHOU 2022", the first one-stop digital mini-program in Asian Games history, was released on the same day. Available through the Alipay app, it offers information on six aspects of the Games, featuring tickets, food, accommodation, transportation, famous scenic spots and shopping information in Hangzhou and other co-hosting cities. The HAGOC will take full advantage of the city’s strength in the digital economy sector in a bid to hold a smart Asian Games, said Chen Weiqiang, deputy secretary-general of the Games’ organising committee and vice-mayor of Hangzhou.

http://subsites.chinadaily.com.cn/en/2020-09/30/c_542235.htm

Related Links :

http://chinadaily.com.cn

Recon Technology, Ltd Reports Financial Results for Fiscal Year 2020

BEIJING, Oct. 10, 2020 — Recon Technology, Ltd. (Nasdaq: RCON) ("Recon" or the "Company"), a China-based independent solutions integrator in the oilfield service and environmental protection, electric power and coal chemical industries, today announced its financial results for fiscal year 2020.

Fiscal 2020 Financial Highlights:

  • Total cost of revenues for fiscal year 2020 decreased by 36.4% to $6.5 million (RMB46.2 million).
  • Gross profit for fiscal year 2020 was $2.8 million (RMB19.6 million). Gross profit margin for fiscal year 2020 was 29.8%, an increase of 0.6 percentage points compared to fiscal year 2019.
  • Net loss attributable to Recon for fiscal year 2020 was $2.7 million (RMB19.2 million), or $0. 59 (RMB4.16) per basic and diluted share, compared to $3.5 million (RMB24.0 million), or $0.92 (RMB6.49) per basic and diluted share for the fiscal year 2019.

Management Commentary

Mr. Shenping Yin, co-founder and CEO of Recon, stated, "The COVID-19 pandemic had a significant impact on our operation of the second-half of fiscal 2020, resulted in a delay in project performance timeline and thus delayed recognition of revenue. Nevertheless, we are pleased with our ability to handle such challenge and we believe our delayed projects will be completed methodically as social and overall conditions in China resume. We’re also very proud that our clients remained stable and we believe our strategy to establish long term cooperation with clients valuing our essential automation solution and value-added services will help us reposition our business by bringing more resources through companies that want to adopt effective online and industrial automotive solutions and Internet-of-Things in China."

"We believe Recon has been prepared for larger projects in automation and environmental protection segments. We never stop improving our business structure and focusing on opportunities that can leverage our knowledge and experience in energy industry. We believe all our current efforts will drive our long-term net profit growth targets," concluded Mr. Yin.

Fiscal 2020 Financial Results:

Revenue

Total revenues were approximately RMB65.8 million ($9.3 million), representing a decrease of 35.8% compared to fiscal year 2019.

Automation products and software. Revenues from automation products and software decreased to approximately RMB51.4 million ($7.3 million), representing a decrease of 19.1% from fiscal year 2019. The decrease was primarily due to the postponed acceptance of several projects and less expenditures budgeted by Shenhua Group and decreased orders from Xinjiang East Hope New Energy Co., Ltd.

Equipment and accessories. Revenue from equipment and accessories decreased to approximately RMB14.2 million ($2.0 million), representing a decrease of 40.6% from fiscal year 2019, mainly due to less demand of the Company’s products by oilfield companies as a result of low oil price.

Oilfield environmental protection. Revenue from oilfield environmental protection decreased by 99.2% to almost nil for this period, mainly affected by late acceptance inspection of the Company’s Gansu production project, thus orders were not fulfilled and revenue was not recognized during the fiscal year 2020.

Cost and Margin

Total cost of revenues decreased by 36.4% to approximately RMB46.2 million ($6.5 million), mainly due to the decreased cost in line with revenue.

Gross profit decreased to approximately RMB19.6 million ($2.8 million), representing a decrease of 34.4% from fiscal year 2019. Gross margin was maintained at a same level of 29.8%, compared to a 29.2% of last year. Specifically, gross margin for automation and equipment segments were all improved during fiscal year 2020. The Company expects that the gross margin for oilfield environmental protection segment will be back to a 40% level when the treatment process is completed and revenue is recognized.

Operating Expenses

Total operating expenses decreased to approximately RMB39.8 million ($5.6 million), representing a decrease of 26.5%.

Selling and distribution expenses. Selling and distribution expenses were approximately RMB4.4 million ($0.6 million), representing a 51.3% decrease from fiscal year 2019. This decrease was mainly caused by less traveling expenses and entertainment expenses as the Company tried to control its operating expenditure, as well as the restriction on travelling and outdoor activities imposed by PRC government due to the COVID-19 during the fiscal year 2020.

General and Administrative Expenses. General and administrative expenses was approximately RMB26.1 million ($3.7 million), representing a 36.7% decrease from fiscal year 2019. The decrease was mainly due to the decrease in stock-based compensation expense.

Research and development expenses. Research and development expenses were approximately RMB7.0 million ($1.0 million), representing an increase of 7.6% from fiscal year 2019. This increase was primarily due to more expenses spent on design of new automation platform systems.

Net Loss

Loss from operations was RMB20.2 million ($2.9 million), representing a decrease of 22.0% from fiscal year 2019, which was a loss of RMB25.8 million.

Basic and diluted EPS. Basic and diluted net loss per share were RMB4.16 ($0.59), compared to RMB6.49 ($0.92) in fiscal year 2019.

Financial Condition

As of June 30,2020, the Company had cash of RMB30.3 million ($4.3 million), compared to RMB4.5 million as of June 30, 2019. As of June 30, 2020, the Company had working capital of RMB64.1 million ($9.1 million), while as of June 30, 2019, the Company had working capital of RMB55.7 million. The increase was mainly contributed to securities offerings during May and June of 2020.

Net cash used in operating activities was RMB5.2 million ($0.7 million) for fiscal year 2020, compared to net cash used in operating activities of approximately RMB32.2 million for fiscal year 2019. Net cash used in investing activities was RMB2.1 million ($0.3 million) for fiscal year 2020, compared to RMB13.5 million for fiscal year 2019. Net cash provided by financing activities was RMB33.2 million ($4.7 million) for fiscal year 2020, compared to net cash provided by financing activities of RMB3.5 million for fiscal year 2019.

Exchange Rate

The translation of RMB amounts into U.S. dollars are included solely for the convenience of readers and have been made at the rate of RMB7.06973 to $1.00, the approximate exchange rate prevailing on December 31, 2019.

About Recon Technology, Ltd.

Recon Technology, Ltd. (RCON) is China’s first non-state-owned oil and gas field service company listed on NASDAQ. Recon supplies China’s largest oil exploration companies with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measures for increasing petroleum extraction levels, reducing impurities and lowering production costs. Since 2017, the Company has expanded its business operations into other segments of the broader energy industry including electric power, coal chemicals, renewable energy and environmental protection in the energy and chemical industries. Through the years, Recon has taken leading positions on several market segments of the oil and gas field service industry. Recon also has developed stable long-term cooperation relationships with its major clients, and its products and service are well accepted by clients. For additional information please visit: www.recon.cn.

Safe Harbor Statement

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, the effect of novel coronavirus and other health matters on target markets, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

IR contact:

In China:

Ms. Liu Jia
Recon Technology, Ltd.
Phone: +86 (10) 8494-5799
Email: info@recon.cn

 

 

 

 

RECON TECHNOLOGY, LTD

CONSOLIDATED BALANCE SHEETS

As of June 30

As of June 30

As of June 30

2019

2020

2020

ASSETS

RMB

RMB

U.S. Dollars

Current assets

Cash

¥

4,521,325

¥

30,336,504

$

4,291,042

Notes receivable

3,073,680

4,180,885

591,378

Trade accounts receivable, net

68,535,282

48,244,015

6,824,026

Trade accounts receivable- related party, net

3,409,912

3,068,920

434,093

Inventories, net

1,270,523

1,985,723

280,877

Other receivables, net

5,665,593

6,350,802

898,309

Loans to third parties

4,960,000

3,200,377

452,687

Purchase advances, net

1,343,576

178,767

25,286

Contract assets, net

4,633,940

31,537,586

4,460,933

Prepaid expenses

192,837

198,294

28,048

Prepaid expenses – related parties

217,600

Total current assets

97,824,268

129,281,873

18,286,679

Property and equipment, net

3,661,321

29,756,879

4,209,055

Construction in progress

21,524,994

Land use right, net

1,307,887

1,280,648

181,145

Investment in unconsolidated entity

31,078,971

31,541,850

4,461,536

Long-term other receivables, net

440,015

3,640

515

Prepayments for construction in progress

1,144,098

Operating lease right-of-use assets (including ¥Nil and ¥803,503
($113,654) from a related party as of June 30, 2019 and 2020, respectively)

2,549,914

360,681

Total Assets

¥

156,981,554

¥

194,414,804

$

27,499,611

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities

Short-term bank loans

¥

2,500,000

¥

9,520,000

$

1,346,586

Trade accounts payable

14,089,293

23,034,347

3,258,163

Other payables

2,246,410

2,609,486

369,107

Other payable- related parties

2,290,873

4,498,318

636,279

Contract Liabilities

120,000

3,486,033

493,093

Accrued payroll and employees’ welfare

1,384,529

1,917,635

271,246

Investment payable

6,400,000

6,400,000

905,268

Taxes payable

2,180,847

1,108,288

156,765

Short-term borrowings

1,081,096

200,000

28,290

Short-term borrowings – related parties

9,010,525

10,230,746

1,447,120

Long-term borrowings – related party – current portion

780,797

847,346

119,856

Operating lease liabilities – current (including ¥Nil and ¥450,728
($63,755) from a related party as of June 30, 2019 and 2020, respectively)

1,328,976

187,981

Total Current Liabilities

42,084,370

65,181,175

9,219,754

Operating lease liabilities – non-current (including ¥Nil and ¥352,775
($49,899) from a related party as of June 30, 2019 and 2020, respectively)

1,210,088

171,165

Long-term borrowings – related party

8,196,204

7,379,253

1,043,782

Total Liabilities

50,280,574

73,770,516

10,434,701

Commitments and Contingencies

Equity

Common stock, ($ 0.0925 U.S. dollar par value, 20,000,000 shares
authorized; 4,361,634 shares and 7,202,832 shares issued and outstanding
as of June 30, 2019 and June 30, 2020, respectively) *

2,712,773

4,577,233

647,441

Additional paid-in capital

250,624,798

282,505,455

39,959,870

Statutory reserve

4,148,929

4,148,929

586,858

Accumulated deficit

(164,780,885)

(184,027,586)

(26,030,358)

Accumulated other comprehensive gain

2,909,936

2,825,731

399,694

Total stockholders’ equity

95,615,551

110,029,762

15,563,505

Non-controlling interests

11,085,429

10,614,526

1,501,405

Total equity

106,700,980

120,644,288

17,064,910

Total Liabilities and Equity

¥

156,981,554

¥

194,414,804

$

27,499,611

 

 

 

RECON TECHNOLOGY, LTD

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

For the years ended June 30,

2018

2019

2020

2020

RMB

RMB

RMB

USD

Revenues

Revenues – third party

¥

84,135,037

¥

98,657,433

¥

65,760,651

$

9,301,722

Revenues – related party

577,009

3,726,894

Revenues

84,712,046

102,384,327

65,760,651

9,301,722

Cost of revenues

Cost of revenues – third party

80,097,834

70,316,198

46,154,255

6,528,433

Cost of revenues – related party

464,027

2,202,765

Cost of revenues

80,561,861

72,518,963

46,154,255

6,528,433

Gross profit

4,150,185

29,865,364

19,606,396

2,773,289

Selling and distribution expenses

8,013,353

9,076,266

4,417,413

624,835

General and administrative expenses

34,687,317

41,288,351

26,120,099

3,694,644

Provision for (net recovery of) doubtful accounts

(841,242)

610,776

2,203,531

311,685

Research and development expenses

3,215,653

3,133,545

7,042,385

996,132

Operating expenses

45,075,081

54,108,938

39,783,428

5,627,296

Loss from operations

(40,924,896)

(24,243,574)

(20,177,032)

(2,854,007)

Other income (expenses)

Subsidy income

371,650

1,149,016

1,210,318

171,197

Interest income

68,028

40,391

54,746

7,744

Interest expense

(897,521)

(1,589,045)

(1,451,890)

(205,367)

Income (loss) from investment in unconsolidated entity

(959,905)

462,879

65,473

Impairment loss of investment in unconsolidated entity

(4,037,736)

Foreign exchange transaction gain (loss)

(4,068)

56,603

(17,720)

(2,506)

Other income

65,539

162,585

78,417

11,092

Other income (expense), net

(4,434,108)

(1,140,355)

336,750

47,633

Loss before income tax

(45,359,004)

(25,383,929)

(19,840,282)

(2,806,374)

Income tax expenses

16,230

398,477

282,322

39,934

Net loss

(45,375,234)

(25,782,406)

(20,122,604)

(2,846,308)

Less: Net loss attributable to non-controlling interests

(1,302,913)

(426,501)

(875,903)

(123,895)

Net loss attributable to Recon Technology, Ltd

¥

(44,072,321)

¥

(25,355,905)

¥

(19,246,701)

$

(2,722,413)

Comprehensive loss

Net loss

(45,375,234)

(25,782,406)

(20,122,604)

(2,846,308)

Foreign currency translation adjustment

1,765,249

1,393,843

(84,205)

(11,911)

Comprehensive loss

(43,609,985)

(24,388,563)

(20,206,809)

(2,858,219)

Less: Comprehensive loss attributable to non-controlling
interests

(1,302,913)

(426,501)

(875,903)

(123,895)

Comprehensive loss attributable to Recon Technology,
Ltd

¥

(42,307,072)

¥

(23,962,062)

¥

(19,330,906)

$

(2,734,324)

Loss per common share – basic and diluted

¥

(19.19)

¥

(6.49)

¥

(4.16)

$

(0.59)

Weighted – average shares -basic and diluted

2,296,693

3,908,833

4,624,615

4,624,615

 

 

 

RECON TECHNOLOGY, LTD

CONSOLIDATED STATEMENTS OF CASH FLOWS    

For the years ended

2018

2019

2020

2020

RMB

RMB

RMB

U.S. Dollars

Cash flows from operating activities:

Net loss

¥

(45,375,234)

¥

(25,782,406)

¥

(20,122,604)

$

(2,846,308)

Adjustments to reconcile net loss to net cash used in
operating activities:

Depreciation and amortization

1,119,049

1,124,011

1,609,700

227,689

Gain from disposal of equipment

(78,285)

(89,156)

(12,611)

Provision for (net recovery of) doubtful accounts

(841,242)

610,776

2,203,531

311,685

Provision for slow moving inventories

65,245

65,380

56,817

8,037

Amortization of right of use assets

1,408,551

199,237

Reversal of interests expense

(81,096)

(11,471)

Restricted shares issued for management and employees

15,462,124

21,288,204

7,944,835

1,123,782

Loss (income) from investment in unconsolidated entity

959,905

(462,879)

(65,473)

Impairment loss of investment in unconsolidated entity

4,037,736

Restricted shares issued for services

3,050,896

845,781

33,927

4,799

Changes in operating assets and liabilities:

Notes receivable

2,116,998

922,282

(1,107,205)

(156,612)

Trade accounts receivable

11,972,175

(40,461,376)

18,428,088

2,606,619

Trade accounts receivable-related party

(3,409,912)

Inventories

(5,012,984)

(1,197,529)

(1,124,935)

(159,120)

Other receivable

(1,717,096)

(928,882)

(206,146)

(29,159)

Purchase advance

(296,903)

5,784,669

1,210,309

171,196

Contract assets

(127,325)

7,554,745

(26,938,013)

(3,810,332)

Prepaid expense

318,759

316,845

(5,457)

(772)

Prepaid expense – related parties

(217,600)

217,600

30,779

Operating lease liabilities

(1,419,402)

(200,772)

Trade accounts payable

(2,706,304)

(400,034)

8,205,660

1,160,675

Other payables

(179,507)

(861,620)

(23,600)

(3,338)

Other payables-related parties

(102,563)

(920,584)

2,207,445

312,239

Deferred revenue

(1,174,585)

Advance from customers

27,756

(37,856)

3,366,033

476,119

Accrued payroll and employees’ welfare

140,828

784,095

533,109

75,407

Accrued expenses

9,425

1,333

Taxes payable

(269,358)

1,748,934

(1,085,213)

(153,501)

Net cash used in operating activities

(19,569,820)

(32,212,172)

(5,230,676)

(739,873)

Cash flows from investing activities:

Investment in unconsolidated entity

(4,037,736)

(4,205,080)

Purchases of property and equipment

(1,503,410)

(1,735,956)

(85,974)

(12,161)

Proceeds from disposal of equipment

32,000

900

127

Payments for land use right

(1,361,969)

Repayments from loans to third parties

435,250

1,000,000

11,239,623

1,589,824

Payments made for loans to third parties

(1,960,000)

(4,000,000)

(9,480,000)

(1,340,928)

Payments and prepayments for construction in progress

(9,157,103)

(4,606,823)

(3,782,912)

(535,086)

Net cash used in investing activities

(17,552,968)

(13,547,859)

(2,108,363)

(298,224)

Cash flows from financing activities:

Proceeds from short-term bank loans

45,000

2,500,000

9,520,000

1,346,586

Repayments of short-term bank loans

(45,000)

(2,500,000)

(353,620)

Proceeds from short-term borrowings

4,600,000

1,081,096

200,000

28,290

Repayments of short-term borrowings

(4,900,000)

(1,000,000)

(141,448)

Proceeds from short-term borrowings-related parties

20,188,318

5,000,000

17,415,000

2,463,319

Repayments of short-term borrowings-related parties

(21,332,036)

(5,000,000)

(16,195,000)

(2,290,753)

Proceeds from long-term borrowings-related party

10,000,000

Repayments of long-term borrowings-related party

(371,975)

(684,191)

(747,630)

(105,751)

Proceeds from sale of common stock, net of issuance costs

65,004,531

26,141,051

3,697,603

Refund of capital contribution by a non-controlling
shareholder

(200,000)

Capital contribution by non-controlling shareholders

3,700,000

850,000

405,000

57,286

Net cash provided by financing activities

76,888,838

3,546,905

33,238,421

4,701,512

Effect of exchange rate fluctuation on cash

1,765,249

1,393,873

(84,203)

(11,906)

Net (decrease) increase in cash

41,531,299

(40,819,253)

25,815,179

3,651,509

Cash at beginning of year

3,809,279

45,340,578

4,521,325

639,533

Cash at end of year

¥

45,340,578

¥

4,521,325

¥

30,336,504

$

4,291,042

Supplemental cash flow information

Cash paid during the year for interest

¥

868,042

¥

1,542,381

¥

1,400,462

$

198,093

Cash paid (received) during the year for taxes

¥

(22,671)

¥

2,002

¥

282,322

$

39,934

Non-cash investing and financing activities

Shares issued to settle salary payable

¥

1,554,908

¥

¥

$

Issuance of common stock in exchange of shares of FGS,
net of issuance costs

¥

¥

21,433,796

¥

$

Investment payable in exchange of interest of FGS

¥

¥

6,400,000

¥

$

Right-of-use assets obtained in exchange for operating
lease obligations

¥

¥

¥

1,228,963

$

173,834

Inventories used for fixed assets

¥

¥

¥

409,735

$

57,956

Payable for construction in progress

¥

3,096,781

¥

5,694,980

¥

732,513

$

103,613

Receivable for disposal of property and equipment

¥

81,900

¥

¥

110,000

$

15,559

Payable for issuance cost of common stock

¥

¥

¥

374,696

$

53,000

The accompanying notes are an integral part of these consolidated financial statements.

* Retrospectively restated for effect of stock split on December 27, 2019.

 

 

Related Links :

http://www.recon.cn/

Aqara Launches HomeKit Secure Video Camera Hub G2H on Amazon US

NEW YORK, Oct. 9, 2020 — Aqara, a provider of smart home products, announced the launch of the long-awaited G2H camera hub in the US. The camera hub will be available on Aqara Amazon store starting from October 9, 2020.

Aqara Camera Hub G2H
Aqara Camera Hub G2H

The G2H camera features the HomeKit Secure Video ("HSV") support, and works seamlessly with other HomeKit compatible devices. The HSV support allows the G2H to stream video footage via Apple’s Home app, and store 10 days of recordings on supported iCloud accounts without any extra fees* and via end-to-end encryption. Any activity that the G2H detects can be analyzed by the home hub device to determine if humans, animals, or moving objects are present, and users can receive notifications based on the information.

The G2H camera also features

  • Motion detection and mobile notification
  • Abnormal sound detection and human shape detection
  • Real-time 2-way audio allowing live conversation with loved ones and pets
  • One-click video messages
  • 1080p Full High Definition recording
  • 140-degree ultra wide angle lens
  • IR night vision
  • Rotatable magnetic stand for easy installation

Moreover, the G2H has the Zigbee hub function, allowing it to control all other Aqara sensors and controllers to realize use cases such as home guard, smart control, and data reporting. The product also offers a unique function, Event Timeline, on the Aqara Home app. It records and marks all triggering events of Aqara sensors and controllers that connect to one’s home, and displays such events on a configurable timeline, so that users can check all events by a click on the timeline without fast forwarding the footage.

Combined with the other Aqara devices and additional features from the Aqara Home App, Aqara’s G2H camera hub is a great option for existing and new Aqara smart home users who want to find better ways to control, automate, and safeguard their homes.

To celebrate the launch, Aqara is offering a 1-week-only 25% discount for G2H purchasers on its Amazon store. Use the code AQARAG2H to order your G2H camera hub , and the offering is valid through October 15.

About Aqara

Founded in 2016, Aqara is a leading smart home provider with offices in New York and Shenzhen. We provide comprehensive smart home products and solutions that are beautifully designed, affordable and easy to use. Our products range from variety of sensors to switches, curtain controllers, and door locks, and we have opened more than 400 Aqara Home stores globally to provide more personalized smart home solutions.

We continue to expand our global footprint in the United States, EU, Russia, Southeast Asia, Korea and China, and our online devices have covered 192 countries and territories, serving more than 2 million customers. We aspire to bring smart home technology to every household around the world.

For more information, please visit our website https://www.aqara.com/en/home.html and follow our social platforms.

*iCloud subscription of 200GB or more is required

 

Related Links :

Home

iHuman Inc. Announces Pricing of Initial Public Offering


BEIJING, Oct. 9, 2020 — iHuman Inc. (NYSE: IH) ("iHuman" or the "Company"), a leading childhood edutainment company in China, announced today the pricing of its initial public offering of 7,000,000 American Depositary Shares ("ADSs"), each representing five class A ordinary shares of the Company, at a public offering price of US$12.00 per ADS. The ADSs are expected to begin trading on the New York Stock Exchange on October 9, 2020 under the ticker symbol "IH." The offering is expected to close on October 14, 2020, subject to customary closing conditions.

The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 1,050,000 additional ADSs. The total gross proceeds of the offering, before deducting underwriting discounts and commissions and offering expenses payable by iHuman, are expected to be US$84.0 million if the underwriters do not exercise their over-allotment option, and US$96.6 million if the underwriters choose to exercise their over-allotment option in full.

Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. are acting as joint bookrunners and underwriter representatives for the offering. Tiger Brokers (NZ) Limited is acting as a joint bookrunner for the offering. CMB International Capital Limited and CLSA Limited are acting as co-managers for the offering.

iHuman’s registration statement relating to the offering has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release is being issued pursuant to and in accordance with Rule 134 under the Securities Act of 1933, as amended.

The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained, when available, by contacting the following underwriters:

(1) Credit Suisse Securities (USA) LLC, Attention: Prospectus Department at 11 Madison Avenue, New York, NY 10010-3629, United States of America, or by calling 1-800-221-1037, or by email at newyork.prospectus@credit-suisse.com;

(2) Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, via telephone: 1-800-831-9146 or via email at prospectus@citi.com.

About iHuman Inc.

iHuman Inc. is a leading childhood edutainment company in China that is committed to transforming learning into a fun journey for every child. Benefiting from a legacy that combines a strong educational foundation and decades of experience in childhood education with cutting edge technology and an outstanding reputation for original entertainment content, iHuman provides children with unique, interactive, and entertaining learning experiences. The Company’s comprehensive suite of innovative and high-quality products and services caters to the educational needs of kids at school and at home, both online and offline, and covers diverse subjects, including Chinese learning, English, mathematics and critical thinking, literacy and reading, Chinese culture, STEM and other subjects. iHuman’s line-up of highly effective edutainment products and services include interactive and self-directed learning apps, as well as learning materials and smart learning devices. With solid pedagogy, deep understanding of children’s education and psychology, as well as advanced technology capabilities in gamification, AI/AR technologies, and big data analysis, iHuman believes it will continue to provide learning experiences that are both educational and fun for children in China and all over the world through its integrated suite of childhood edutainment products and services.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about iHuman’s beliefs and expectations, are forward-looking statements. Among other things, the description of the public offering in this announcement contain forward-looking statements. iHuman may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: iHuman’s growth strategies; its future business development, financial condition and results of operations; its ability to continue to attract and retain users, convert non-paying users into paying users and increase the spending of paying users, the trends in, and size of, China’s edutainment market; its expectations regarding demand for, and market acceptance of, its products and services; its expectations regarding its relationships with business partners; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in iHuman’s filings with the SEC. All information provided in this press release is as of the date of this press release, and iHuman does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

iHuman Inc.
Ms. Jung Chang
Phone: +86 10 5780-6606
E-mail: jungchang@ihuman.com

Christensen
In China
Mr. Eric Yuan
Phone: +86-13801110739
E-mail: Eyuan@christensenir.com

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
E-mail: lbergkamp@christensenir.com

Related Links :

http://www.ihuman.com

[VMWorld 2020] WMware Tanzu Harnesses the Power of Kubernetes

VMWorld is happening now and coincidently, NVIDIA’s GPU Technology Conference is also happening. Both are happening online, obviously with the current pandemic situation. In NVIDIA’s most recent keynote, they made an announcement to tell the world that they have just formed a partnership with VMWare to enhance their virtualisation capabilities via NVIDIA’s new GPU based computing solutions.

Today’s start of the show though is not NVIDIA, although they have made some very interesting announcements and progress. Today sees VMWare embracing Kubernetes as a big part of their business. Today is the day of Tanzu.

Kubernetes

Source: Kubernetes

What is Kubernetes? First of all, no; this is not the first time we look into the technology. Secondly, the technology is nothing new, Google has been playing with Kubernetes for the longest time, and other solutions providers have hopped on to the technology for years now.

Kubernetes, in the words of Red Hat, is a container orchestration platform. The keyword, that I missed out on purpose, is Open Source. That also means that anyone has access to it, improve on it, and improvise it for their own use. It is a technology developed by Google engineers for Google’s own use at one point, but because Google is Google, they made it an open source platform.

In simpler words, Kubernetes group processes and application databases into cubes (or containers). These cubes can be called upon whenever an application requires a certain data or run certain processes. That also means that you do not need to necessarily store your application database with your application. It can be kept and shifted around anywhere, even on cloud. It is even clever enough to stack and unstack itself depending on requirements and loads on your hardware. If something fails, you do not lose all your data, because containers. This is the magic of Kubernetes, and it could benefit plenty of enterprises.

The VMware Tanzu

Source: VMware

This is where VMware’s Tanzu comes in. The Tanzu portfolio is not exactly a pure Kubernetes workflow platform. It runs microservices, other sort of containers and Kubernetes as well. To put it plainly, it is an application breakdown tool. It breaks down a large application or database into smaller containers, run them as microservices or work with them as Kubernetes containers, and you get a service that is accessible not only in your office, but at the café down the road as well.

Yes, it sounds generally like what other container type application and tool does. Because it is exactly that but made native to VMWare’s tools. Tools like this allow companies to add capabilities to their applications and processes while keeping them running in tip top conditions. They call this DevOps.

The whole idea of running Tanzu on the VMware platform is to quickly deploy your applications on cloud. Because it is VMware as well, Tanzu is specifically built on Kubernetes to enhance their virtualisation solutions like vSphere and VMware Cloud Foundation. That also means that Tanzu is a cloud solution more than anything. It is also technically a Kubernetes management tool to simplify Kubernetes for users. So, it helps you, as VMware’s clients (if you are, when you are, whichever it may be) get started with Kubernetes nearly on the get go.

They may be a little late to the game of deploying Kubernetes and even fully harnessing the power of Kubernetes. They are also not going to be the last adopters of Kubernetes. In some sense too, they are simplifying Kubernetes by a factor of 10 for their customers.

Source: IT Hollow

In this case as well, customers might already have their own Kubernetes and container management tools in their workflow at this point. VMware says that customers still can benefit from Tanzu even if they have a Kubernetes workflow already. According to VMware, Tanzu does not just stop at Kubernetes. It is a suite of tools designed to ease workloads and centralise management efforts for customers. In that sense, integrating Tanzu into an existing Kubernetes workload and process is just a matter of matching what is required via Tanzu’s Mission Control platform.

Why Tanzu and Kubernetes?

Here is the thing though, how does this change our lives? How does VMware with Kubernetes power change our lives? After all, we are all just end-users.

If you work in a corporate environment, at this time of Pandemic, you would most likely be spending more time working remotely more than anything else. Imagine yourself, multiplied by more than a few hundred. There are hundreds, or even thousands of you and your colleagues trying to access your company’s intranet systems. You and your colleagues are going to be accessing the company’s systems to simply key in new data, or pull a previous data, or even share some work information with your colleagues 20KM away.

Imagine if you need to access the whole chunk of applications to do any of that. Imagine if all your colleagues need to access a single application server for all their minor processes too. That could slow down your entire workflow. Kubernetes and container platforms help spread that workload to ease load on a single server and ensure that everyone gets to do what they need to do without overloading your PC and the cloud platform.

Essentially, this is also kind of how your smartphone app works. Your smartphone apps access what you ask it to access when you need it. That way, it saves plenty of storage space in your smartphone, and ensure that millions of others can also access the app and its services when there is demand.

So, why is Tanzu important? It allows your company to do exactly whatever that we have just explained and described. Except that your organisation’s IT department can do it faster, from a single management platform instead of accessing a completely different system. With vSphere, the management can be done across multiple server sites too, thanks to VMware’s know how in machine virtualisation. All this, just so that you will not notice any difference when you work from home, and in the office.

To know more about VMware, their services and solutions, and Tanzu, you can head over to their website.