The China International Import Expo spurs global cooperation in intelligent industry and information technology


SHANGHAI, Jan. 15, 2021 — The China International Import Expo (CIIE), the world’s largest import-themed expo, will be held for the fourth time in Shanghai from November 5 to 10, 2021.

The Intelligent Industry Information Technology Exhibition Area of the CIIE
The Intelligent Industry Information Technology Exhibition Area of the CIIE

Thousands of exhibitors and hundreds of thousands of buyers from across the globe have descended on Shanghai in the past three years to reap the benefits offered by the expo. With its growing exhibition space and influence, the CIIE is becoming a must-attend event for international businesses every November.

For companies in the field of intelligent industry and information technology that are looking to tap into the huge Chinese market, the expo is a prime opportunity you cannot afford to miss out on.

The Intelligent Industry Information Technology Exhibition Area of the third CIIE attracted more than 300 enterprises from nearly 40 countries and regions, and had an exhibition area of more than 70,000 square meters.

Despite the COVID-19 outbreak, the area welcomed many newcomers last year, including Cheniere Energy, one of the largest liquefied natural gas producers in the United States. The company had a 150-sq-m booth to display its new technologies and products.

Epson and Konica Minolta made their debuts at the third CIIE. Leading brands in the electric industry including GE, Hitachi, Siemens, and Schneider Electric also showed up at the expo.

Famous engineering machinery makers including Caterpillar, John Deere and Volvo, and top-ranking printing technology brands including Epson, Brother and Canon were also among the exhibitors.

The exhibition area also featured the Energy Conservation and Environmental Protection Subsection, which focused on key fields such as water saving, new energy, resource recycling and environmental protection.

A new special subsection for integrated circuit exhibitors will debut at this year’s CIIE, the CIIE Bureau recently announced.

Along with the newly added subsection, a special committee for the integrated circuit industry will also be established to serve as an advisory body, a move aligned with the expo’s aim to become more specialized in different industries.

Previously, the CIIE established a special committee on industrial digital transformation, which is committed to integrating the whole industrial chain of industrial digital transformation and offering advanced digital transformation solutions to enterprises in the field of industrial production to help them increase efficiency and improve quality.

In short, participating in the CIIE provides a prime gateway into understanding and benefiting from China’s market of 1.4 billion people.

Registration for the Business Exhibition of the 4th CIIE is now open.

Visit https://www.ciie.org/ciie/f/book/register?locale=en to register.
Sign up before January 31, 2021, to enjoy the early-bird offer.

Contact: Ms. Nie Qingxin
Tel.: +86-21-67008870/67008988

 

Related Links :

https://www.ciie.org

“Coffee Matters” Praised for Telling China’s Poverty Relief Story Well

BEIJING, Jan. 15, 2021 — On November 27th, 2020, Coffee Matters, a Chinese-English bilingual short animation film was jointly released by China Story Database and Fuxing Road Studio, and soon attracted extensive attention globally. It was broadcast on the "China Screen" at New York Times Square on Jan. 13, 2021, Beijing Time.

"Coffee Matters" is praised for telling China's poverty relief story well.
"Coffee Matters" is praised for telling China’s poverty relief story well.

It tells a story about how a coffee bean travels across the seas to China, and eventually helps the once impoverished hinterland of S.W. China’s Yunnan province shake off poverty and achieve prosperity.

This touching story is from a short film titled Coffee Matters.

The 3.34-minute short film shows the cultural and economic interactions between China and the West brought by small coffee beans, and connects the overseas viewers to China’s poverty alleviation campaign. This film went viral after being released on major media and social networking platforms in China and has achieved 400 million views globally so far.

Hu Zhaoming, Spokesperson of the International Department of the CPC Central Committee retweeted it immediately saying "When coffee beans traveled to China, home of tea, and when the taste of daily life meets the needs of livelihoods, a story unfolds how coffee beans help people escape poverty. Fuxing Road Studio and the China Story Database have jointly released an animated short film, ‘Coffee Matters.’ Just like tasting a cup of fresh-made, mellow coffee, we hope you enjoy this video."

Targeted poverty alleviation is an innovative policy to ensure the achievement of the anti-poverty efforts. In its anti-poverty endeavor, Yunnan has been promoting development of coffee industry in its hinterland where policies of poverty alleviation go deep among residents and local conditions are suitable for coffee growing, providing the world with Chinese experience. The short film begins with coffee, the indispensable element in Westerners’ daily life, and proceeds with integrating China’s "coffee poverty-relief" story into the video at the same time. James Kimonyo, Ambassador of the Republic of Rwanda to China said: "How successful China’s industrialized anti-poverty model has been. The mellow coffee from Yunnan tells the story of China’s targeted poverty alleviation, and we will share and exchange with China on their experience and best practices to apply them in our country."

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Caption: "Coffee Matters" is praised for telling China’s poverty relief story well.

Asia-Pacific Contact Center Applications Market to See Buoyant Growth, Thanks to Analytics

Inbound contact routing will continue to dominate the market, but analytics will witness the strongest growth, finds Frost & Sullivan

SANTA CLARA, Calif., Jan. 15, 2021 — Frost & Sullivan’s recent analysis, Digitization and Cloud Migration Transforming Asia-Pacific Contact Center Applications Market, Forecast to 2026, finds that COVID-19 has accelerated the rate of migration from on-premise solutions to cloud-based services, given the need to provide outstanding customer experience (CX) remotely. Although the region is a price-sensitive market, the mature markets of Australia, New Zealand, Japan, Singapore, Hong Kong, South Korea, and Taiwan are ready to invest significantly to deploy cloud-based, sophisticated applications. However, required investments are higher in these countries than in China, India, Malaysia, Thailand, Indonesia and the Philippines. The buoyant market in the region comprised of on-premise and cloud applications is expected to grow from $719.5 million to $966.5 million by 2026 at a compound annual growth rate (CAGR) of 4.3%. 

Asia-Pacific Contact Center Applications Market to See Buoyant Growth, Thanks to Analytics
Asia-Pacific Contact Center Applications Market to See Buoyant Growth, Thanks to Analytics

For further information on this analysis, please visit: http://frost.ly/51k

"From an application perspective, inbound contact routing (ICR) will continue to dominate the application market throughout the forecast period, whereas analytics will witness the strongest growth as contact centers will consider it a service differentiator," said Arpan Bid, Information & Communication Technologies Research Analyst at Frost & Sullivan. "Additionally, looking at adoption of contact center applications by vertical, the banking, financial services and insurance (BFSI) industry will be the leader in deploying contact center applications, followed by telecommunications."

Bid added, "Similarly, government and education, E-commerce, and healthcare are poised to be the fastest-growing sectors during the COVID-19 pandemic. The retail industry will grow relatively faster after the pandemic."

Ending lifecycles for existing vendor platforms, refreshing the applications of core segments, adding new channels and providing richer integrations will drive the APAC contact center applications market, presenting lucrative growth prospects for market participants, including:

  • Introducing new technologies such as predictive analytics and machine learning to enhance capabilities, add value, and remain competitive.
  • Encouraging contact centers to integrate systems and apps outside the contact center to support digital transformation strategies.
  • Offering rich and easy-to-use contact center analytics capabilities as enterprises increasingly source end-to-end analytics solutions for their business needs.
  • Providing work-from-home (WFH) solutions, AI-enabled bots, Robotic Process Automation (RPA), and automation tools as contact centers are compelled to increasingly invest in advanced tools to manage the fallout from the COVID-19 pandemic.

Digitization and Cloud Migration Transforming Asia-Pacific Contact Center Applications Market, Forecast to 2026 is the latest addition to Frost & Sullivan’s Information & Communication Technologies research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion

Digitization and Cloud Migration Transforming Asia-Pacific Contact Center Applications Market, Forecast to 2026

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E: melissa.tan@frost.com

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CES 2021 AIPHAS Smart Ward Total Solution Helps Raise Nurses’ Efficiency and Reduce Operation Costs

TAIPEI, Jan. 15, 2021 The outstanding solutions offered by AIPHAS earned them selection by Taiwan Tech Arena (TTA) as one of the 100 featured Taiwanese startups showcased at CES 2021.

Aipha-Call is a plug-n-play smart nurse call system that can quickly and easily upgrade hospital wards. Each plug-n-play Aipha-Call forms a WiFi mesh system that keeps every Aipha-Call connected while acting as a Bluetooth and WiFi portal for other IoT devices.
Aipha-Call is a plug-n-play smart nurse call system that can quickly and easily upgrade hospital wards. Each plug-n-play Aipha-Call forms a WiFi mesh system that keeps every Aipha-Call connected while acting as a Bluetooth and WiFi portal for other IoT devices.

The average nurse is directly responsible for the care of 9 patients and is on-call for up to 30+ patients at any given time. Moreover, nurses work on average 1-2 hours overtime most every day.

AIPHAS sees the problem and wants to help. AIPHAS has built a smart ward solution to let nurses respond to call events 10 times faster and help nurses keep an eye on ward safety and patient safety to prevent emergent incidents such as fires and falls.

This system helps raise nurses’ efficiency and cuts down on overtime wages to the tune of over $150K per year. The most exciting part is that system installation requires just 3-5 days, allowing hospitals to benefit from AIPHAS’s smart boost almost immediately, saving time and money.

AIPHA Helps Hospitals in Different Ways

Aipha-Call is a plug-n-play smart nurse call system that can quickly and easily upgrade hospital wards. Each plug-n-play Aipha-Call forms a WiFi mesh system that keeps every Aipha-Call connected while acting as a Bluetooth and WiFi portal for other IoT devices.

Aipha-Eye is a thermal monitor system that watches over ward beds. The system immediately sends out an alert when abnormal environmental heat or patient activities are detected, pushing real-time notifications when something goes wrong. Together with Aipha-Call, Aipha-Eye sends notifications to medical personnel when abnormal heat is detected before a fire starts and when patients need assistance to get out of bed.

Aipha-Board is an integrated center for medical personnel to better manage the entire nurse station. Aipha-Board contains each patient’s status in detail as well as all notifications from Aipha-Call, Aipha-Eye, and other connected IoT devices. Aipha-Board can display across devices so that medical personnel stay informed anytime, anywhere.

AIPHAS is the most innovative smart-ward solution from management tools and IoT devices to service. As a total solution provider, AIPHAS values system design, software & hardware integration, and product design.

AIPHAS may be used in hospitals, nursing homes, and long-term care institutions. AIPHAS built immediate connectivity in 6+ hospitals within our first 6 months in business, and are continuing to deepen AIPHAS’s partner relationships with each.

AIPHAS Is Here to Help the Aging Society in Taiwan

Aiphas Co-Founder Veronica Chung is a former investment analyst at Tatung Corp. and VC funds. Chung received her BS in Economics from "National Taipei University". Aiphas Co-Founder Michael Huang formerly held an AI Lead position at Melten and a Research Analyst position at Academia Sinica. Huang earned his MS in Robotics from the University of Michigan.

Aiphas solutions come right at the time Taiwan is becoming a super-aged society, in which 20 percent or more of the population will be 65 years of age or older. These trends are continuing, with this portion of the population expected to rise to 40 percent around the year 2065, meaning one elderly person for every 1.2 persons of childbearing age. This proportion was one to five just last year.

CES 2021 TTA – VR Pavilion: https://pse.is/3bd5r8

CES 2021 Taiwanese Startup ACSI Gives New Technological Shine to Traditional Chinese Medical Treatments

TAIPEI, Jan. 15, 2021 — Chinese medicine has been receiving increased attention worldwide. These traditional therapeutic treatments are now being combined with modern technology and integrated into Western medicine. Acupuncture, for example, is being widely adopted and trusted by patients and doctors. However, more serious but rarer side effects of acupuncture have also been observed to occur, including collapsed lung (pneumothorax), which accounts for 1.5% of incidents. Thus, a more precise and safer method is being introduced by Advanced Control & System Integration Laboratory (ACSI) under the Handheld Automatic Acupuncture System (HAAS) project, according to Taiwan Tech Arena.

HAAS is a handheld, AI-enabled device that identifies acupoints and positioning using AI image recognition technology.
HAAS is a handheld, AI-enabled device that identifies acupoints and positioning using AI image recognition technology.

Technology Is No Longer Limited to Western Medicine

HAAS is a handheld, AI-enabled device that identifies acupoints and positioning using AI image recognition technology. This makes acupuncture significantly safer than before. In addition, HAAS automatically identifies suitable acupoints for different symptoms based on AI decision making and big data.

Furthermore, HAAS is equipped with different acupoint stimulation modules. The acupuncture module autonomously drops needles to stimulate acupoint positions and provide real-time acupuncture according to the user’s symptoms. The physiotherapy module covers techniques such as moxibustion, the massage gun, and far infrared. This product not only provides more convenient, independent treatment and rapid health recovery effects to achieve personal health care assistance but also provides professional traditional Chinese medicine education assistive devices.

Using HAAS is simple and straightforward. First, after entering the symptoms or acupoints into the mobile app, the AI system confirms the user’s requirements and identifies the acupoints automatically. Simply by operating the device in accordance with the HMI instructions on phone, HAAS will treat the body with AI-controlled acupoint stimulation.

Research results show that both patients and healthy individuals may experience enhanced self-immunity functions and improved symptoms (or even full recovery to health) after treatment with HAAS.

A Steadily Growing, Worldwide Market

The traditional Chinese medicine (TCM) market in China is growing steadily and is expected to reach $844 billion RMB (US$123 billion) in revenue by 2023.

In May 2019, the United Nations World Health Organization (WHO) included traditional Chinese medicine (TCM) in the Global Medical Outline of Diseases ICD for the first time. Since then, TCM has received growing attention in many Western countries, with an increasing number of researchers and clinicians devoting themselves to TCM research.

Innovative Cross-field Applications Are in the DNA of Startups

Advanced Control and System Integration (ACSI) Laboratory is a professional artificial intelligence vision solutions provider. ACSI has over 7 years of experience in the development of vision-based biomedical engineering, advanced driving assistance systems (ADAS), autonomous cars, embedded system technologies, and proprietary high-performance mechatronics solutions. ACSI is dedicated to creating innovation value through the development of TCM-related and adjacent technologies and autonomous cars and by identifying the needs of emerging-market customers.

They have also developed many advanced driver assistance systems (ADAS) and vehicle dynamic controls, focusing on control algorithm development and deployment, including various methods based in nonlinear control theory, robust optimal control, predictive control, machine learning, artificial intelligence, reinforcement learning for vehicle dynamic control systems, adaptive cruise control systems, and adaptive collaborative vehicle control systems.

Its previous success in hardware has helped ACSI develop cross-field applications such as HAAS. This innovative and interesting product has been selected by Taiwan Tech Arena (TTA) as one of the 100 featured Taiwanese startups showcased at CES 2021.

CES 2021 TTA – VR Pavilion:https://pse.is/39znlv

Dada Group’s JDDJ Announces New Partnerships with More Than 20 Leading Regional Supermarket Chains in China

SHANGHAI, Jan. 15, 2021 — Dada Group (Nasdaq: DADA) ("Dada" or the "Company"), China’s leading local on-demand delivery and retail platform, announced that Dada’s local on-demand retail platform, JD Daojia ("JDDJ") has accelerated its geographic expansion into lower-tier markets and established new partnerships with more than 20 regional supermarket leaders including Ouya Supermarket, Zhenhua Supermarket, Sanhe Supermarket, Zhebei Supermarket, Guihe Supermarket and Sifang Street in late 2020.

With the formation of these agreements, JDDJ have established partnerships with more than 2/3 of the Top 100 supermarket chains in China. In addition to signing new partnerships in 2020, JDDJ also strengthened existing partnerships with other leading retailers and grocers including Walmart, Yonghui Supermarket and CR Vanguard. JDDJ ranks first in market share for supermarket O2O platforms in China and has helped consumers across the country enjoy quality products and reliable one-hour delivery services.

JDDJ's posters at a Zhenhua Supermarket
JDDJ’s posters at a Zhenhua Supermarket

Huijian He, the Vice President of Dada Group, said, "The lower-tier market has become a major growth driver and an important part of our development strategy for JDDJ. The platform will continue to accelerate business expansion into lower-tier cities and establish partnerships with more of China’s top supermarkets and regional leaders to jointly develop the local on-demand retail market, bringing one-hour delivery to more consumers in lower-tier cities."

As of September 30, 2020, JDDJ’s local on-demand retail service covered approximately 1,200 cities and counties in China, and Dada Now, the local on-demand delivery platform, served more than 2,600 cities and counties. Leveraging its retail, logistics and digital empowerment capabilities, Dada Group has promoted digital transformation, empowering supermarkets and other retailers to help them achieve online-offline integration and improve sales. Since partnering with Dada in 2020, Ouya and Zhenhua have benefited greatly from their collaboration with Dada:

  • Ouya Supermarket: Dada’s Haibo system has also offered Ouya omni-channel digital solutions that integrate product management, user operation, fulfillment optimization, marketing events, and data boards. Moreover, Ouya’s membership service was launched on the JDDJ platform to synchronize the benefits of online and offline membership. To date, Ouya locations in Changchun, Jilin Province, have been integrated into JDDJ platform.
  • Zhenhua Supermarket: Dada and Zhenhua have collaborated on multiple initiatives including marketing events and product management. To date, Zhenhua’s stores in Qingdao and Yantai have been integrated on JDDJ and all stores in the Shandong Province, including those in Liaocheng, Weihai, Weifang, Linyi and Dongying, as well as stores in Hebei Province will launch on the platform by mid-2021.

Yuehua Shi, the General Manager of Zhenhua Supermarket, said, "Digitization is the prevailing trend of Chinese retail. Through JDDJ’s digital empowerment capabilities, Zhenhua Supermarket will further enhance its marketing campaign and product management, acquiring online users and achieving rapid growth through O2O channels. With our deep expertise in the market of Shandong Province, Zhenhua Supermarket looks forward to working with JDDJ to develop the local market and provide consumers with a more convenient on-demand shopping experience."

About Dada Group

Dada Group is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China’s largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The Company’s two platforms are inter-connected and mutually beneficial. The Dada Now platform enables improved delivery experience for participants on the JDDJ platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform. In June 2020, Dada Group began trading on the Nasdaq Global Market, under the ticker symbol "DADA."

Related Links :

http://imdada.cn

Pearl Abyss Renews Shadow Arena’s Gameplay Systems

SEOUL, South Korea, Jan. 15, 2021 — Pearl Abyss announced today that its action-packed PvP Shadow Arena‘s gameplay systems have been renewed following player feedback. Shadow Arena will now provide an easier and more strategic gameplay that focuses on team-based play.  

Pearl Abyss Renews Shadow Arena’s Gameplay Systems
Pearl Abyss Renews Shadow Arena’s Gameplay Systems

Shadow Arena has unified all play modes into "Trio Mode," bringing different contents from existing modes to Trio Mode to make changes that will allow players to adapt quickly and make the gameplay more enjoyable. The existing modes such as Solo are still available in Custom Mode. 

The renewed gameplay also allows players to focus on collaborative play and team management strategies with three types: Brawler, Dealer, and Support. Brawlers have high HP and defense skills. Dealers have the ability to kill opponents with quick attacks while Supports can protect or heal their team members.   

All players can now become more strategic with their Heroes with the new skills added to the Black Spirit Skills. In addition to Dark Shift and Blink, players can use the new skills like the Matchlock to inflict strong damage and Hand of Healing to heal team members instantly. 

A Shop system is also available in which players can specialize their Hero capabilities. Items can be purchased with Tokens obtained by defeating monsters and Heroes. Moreover, the game Result screen now shows the opposing team’s information including their AP, DP, Kill, and Death count.  

Visit the official website, Discord, Facebook, YouTube, and Twitter for more information.    

About Shadow Arena 

Shadow Arena is Pearl Abyss’ action-packed PvP game that is currently available in Early Access on Steam. Based on the world of Black Desert, Shadow Arena features fierce battles in which 4 teams of 3 players each compete to become the ultimate victor on the battlefield. Players can choose from a variety of Heroes, each with their own unique fighting style. To climb to the top of the pack, players must slay monsters to gain buffs and collect tokens, which they can use to buy their gear. Impeccable skill execution and well-timed evasive maneuvers are also critical in securing victory.

BOE’s active matrix Micro LED wins Innovative Display Application Product Award of the Year at CES 2021


LAS VEGAS, Jan. 15, 2021 — This year’s Consumer Electronics Show (CES 2021) kicked off in a first-ever all-digital format on January 11, Pacific Time. A cohort of well-known consumer electronics companies participated in the show online. During the event, BOE was ranked among the 2020-2021 Top 10 CE Brands, and its proprietary active matrix Micro LED using a glass substrate won an Innovative Display Application Product Award of the Year.

The Top 10 CE Brands list is one of the most influential rankings in the global consumer electronics industry. BOE has stayed on the list for nine years in a row. The Innovative Display Application Product Award is granted to the most innovative and prospective display products of the year based on indicators in multiple dimensions. With peak brightness of up to 1,500 nits and a contrast ratio of 1,000,000:1, BOE’s award-winning active matrix Micro LED fused into a glass substrate boasts a variety of advantages such as no splash screen, lower power consumption and better brightness uniformity. It is driven with high efficiency, more eye-friendly and allows splicing in any sizes. Additionally, it is the world’s first seamless Micro LED using a glass substrate through the lateral processing technology.

Mini/Micro LEDs are among the most promising new-type display technologies. In recent years, BOE has redoubled efforts in the development of Mini/Micro LED technologies and industries. As one of the company’s "1+4" business groups, the Mini LED Business Group mainly provides next-generation LED display solutions empowered by glass substrate and PCB semiconductor technologies and million-level advanced packaging technologies, and has achieved fruitful results. In addition to the award-winning active matrix Micro LED, BOE has also launched a plethora of display products such as 75-inch 8K Mini LED and 65-inch Mini LED, which deliver extraordinary display effects through glass substrate Mini LED backlight and HDR technologies. Thanks to their strengths, BOE’s cutting-edge Mini/Micro LED display solutions enjoy great potential in a wide range of fields including commercial display, business conferences, performances and sporting events.

As an innovation-driven global IoT company, BOE has been dedicated to technological innovation and stood out on global tech stages like the CES, with ever-growing brand value and international influence. Going forward, BOE will continue to deliver smart living experiences with its innovative products and services.

www.boe.com

Future FinTech Group Inc. Announces the Closing of $15 Million Registered Direct Offering

NEW YORK, Jan. 15, 2021 — Future FinTech Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the Company"), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it closed the registered direct offering of 3,000,000 share of its Common Stock at a purchase price of $5.00 per share on January 13, 2021. The gross proceeds of this offering are $15,000,000. The Company issued a total of 3,000,000 shares of its Common Stock in the offering.  The net proceeds from this offering will be used for growth capital and general working capital purposes.

A.G.P./Alliance Global Partners acted as the sole placement agent for the offering.

All offers were made only by means of a prospectus, including a prospectus supplement pursuant to the Company’s effective shelf registration statement and base prospectus contained therein. The shelf registration statement on Form S-3 (File No. 333-224686) relating to the offering was previously filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective on December 11, 2020. A prospectus supplement related to the offering was filed with the SEC on January 13, 2021 and is available at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, and these securities cannot be sold in any state in which this offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. 

For further details of this transaction, please see the Current Report on Form 8-K filed with the SEC on January 12, 2021, as amended which may be viewed at www.sec.gov.

About Future FinTech Group Inc.

Future FinTech Group Inc. ("Future FinTech", "FTFT" or the "Company") is a leading blockchain e-commerce company and a service provider for financial technology incorporated in Florida. The Company’s operations include a blockchain-based online shopping mall platform, Chain Cloud Mall ("CCM"), a cross-border e-commerce platform (NONOGIRL), an incubator for blockchain based application projects. The Company is also engaged in the development of blockchain based technology and services as well as financial technology services. For more information, please visit http://www.ftftex.com/.  

Safe Harbor Statement

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2019 and our other reports and filings with SEC. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

It’s Official; Fitbit is now Google’s. What Does This mean?

CES 2021 is well under way. But we are not talking about CES at this point. No, we are talking about the merging of giants.

Google is undoubtedly one of the most successful tech companies you will ever see in your lifetime, beside Amazon, Microsoft, and Apple. They started out in the Search Engine industry in the midst of the MSN and Yahoo! boom. They bloomed and grew to surpass two of their biggest competition at the time and now they are in everything. They are in applied sciences, corporate backend solutions, automotive, smartphones, computing, and even your homes.

They are also on your wrists with the guise of Android Wear. They do not make any watch hardware on their own though. They have always relied on their partners like Fossil, Motorola, OPPO, and even Vivo to design and create their own iteration of what an Android Wear watch should look like. This situation might change soon though.

As per Google’s Blog post alongside Fitbit’s one in their own blogs too, Fitbit is now a part of Google. As of the 14th of January 2021, Google and Fitbit finally concludes their deal. Google has officially acquired Fitbit.

As we mentioned also, Fitbit is also a giant. They are a giant in their field, the fitness tracker and smart wear field. They have revolutionised the smart wearable devices market in more ways than one.

They are, technically, the largest standalone smartwatch making company in the world currently. They have a more complete product range than any other smartwatch maker in the world right now too. They have simple fitness trackers that look like wristbands and can be easily hidden. They also have full on smartwatches now in their Fitbit Versa line-up. The Versa and Sense watches are clearly also a side effect of them acquiring Pebble a while ago.

Now though, they are a part of Google. What does this mean for you Fitbit users?

On the surface, Google says that this acquisition has always been more about hardware instead of software. They want Fitbit watches and wrist bands. They basically wanted to experiment making their own smart wearable in the future, like how they experimented with smartphone manufacturing when they acquired HTC years ago. They are still making their own hardware today with the Pixel line-up. They have an amazing line-up of Chromebooks too.

The only thing they have not been making on their own then, are smart watches and smart wearables. With Fitbit as part of Google, now they can. So, according to Google, it is not about software and data.

In terms of software though, Google has a thing or two to learn from Fitbit and vice versa. We at techENT love our Fitbit Versa devices because they are so simple to work with. Their interface is easy to understand and navigate it becomes second nature when you acclimatise with them.

We also think that the Fitbit line-up could use a little bit of Google’s magic touch. In that case, they will be easier to pair with Android smartphones, faster too, and probably even more intuitive to connect. We find that these are our biggest pain points using the Fitbit devices. Of course, there is the subject of software integration too. Currently Fitbit’s collected data does not sync to Google’s own fitness app. Maybe we might see a merging of the two apps. At the same time, we doubt we will see that integration happening too soon because Fitbit also has the premium subscription segment.

Source: TechPP

Google has ensured that they will not touch Fitbit’s data pool at this time. They also confirmed that Fitbit’s user data will not be used for Google Ads purposes at this time. From the blog posts from both sides too, it seems that Fitbit will continue business as usual at this time. Which also means that Fitbit devices will remain Fitbit devices for a little longer.

In Google’s blog post, Rick Osterloh’s statement also reads, “the combination of Fitbit’s leading technology, product expertise and health and wellness innovation with the best of Google’s AI, software and hardware will drive more competition in wearables and make the next generation of devices better and more affordable”. We are more excited about this than anything. It means that you can start expecting Google smartwatches soon. You might want to expect some changes in Fitbit’s software approach now too. We hope that it is for the better on both parties. You might even get an Android Wear update for your Fitbit Sense.

Still, we see this as a win-win situation. At this time anyway, the acquisition and merging of the two giants in their space may prove to be just what both companies needed for the uncertain times ahead. For us consumers, we only care about their upcoming devices, and we are expecting them to be miles better than what we have now. Google Watch anyone?

Source: Google Blog, Fitbit Blog