Monthly Archives: January 2021

PR Newswire

Yiwugo Development Conference and 2020 Yiwugo Top 10 Vendors Award Ceremony was Successfully Held

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YIWU, China, Jan. 23, 2021 — Yiwugo.com, the official website of the Yiwu Commodity Market, which is the largest commodity wholesale market in the world, held the Yiwugo Development Conference & the 2020 Yiwugo Top 10 Vendors Award Ceremony on the afternoon of January 21 at Yiwu Marriott Hotel. Representatives at the conference discussed the paths of the transformation and upgrading of the physical wholesale market.

2020 Yiwugo Top 10 Vendors
2020 Yiwugo Top 10 Vendors

Top 10 Vendors are awarded, contributing to the development of their own brands

The Yiwugo Top 10 Vendors Award, which has been held for the 9th consecutive year, provided a platform for vendors in the Yiwu market to develop their own brands. Ten enterprises including Zhang Weichao Socks Firm, Beicheng Stationery Firm, Bole Stationery Firm, Shifeng Socks Firm, DuoAi Toy Firm, Yiwu Hanfan Ribbon Co., Ltd., Yiwu Mingcan Knitting Co., Ltd., XUPING JEWELRY, Yiwu Aishang Daily Necessities Factory, and Jinhua Lvkang Plastics Factory won the honorary title of "2020 Yiwugo Top 10 Vendors". This year the award of "Top 10 Broadcasters" was also launched for live-stream broadcasters. Zhang Weichao Socks Firm, which ranked first in the "Top 10 Vendors", was also the top winner of the "Top 10 Broadcasters".

Wholesale trade needs more flexible trading modes faced with the continuous shortening of the circulation chain

With the broader use of digital technology in the industry, the information flow and logistics have accelerated and shortened the commodity circulation chains to some extent. From the multi-level consumption and circulation chain featuring "manufacturer -> multi-level wholesaler -> retailer -> final consumer" in the past, to the emerging consumption model of "manufacturer -> final consumer", wholesale business requires more flexible trading methods. Faced with these changes, representatives at the conference and vendors participating in the conference learned about the new concepts brought by the "new wholesale modes" such as "online development of the offline market", "shortening the circulation chain", and "reshaping the trading scenarios", and explored how to improve business models and processes to keep up with the development of the time and seek further and better development.

Yiwugo has tried to launch cloud warehousing services to empower vendors as they enter a new era of wholesale

Faced with more flexible trading modes, vendors need more support and assistance to effectively transform their business models. Yiwugo has tried to adopt the Internet + warehousing intelligent management model to provide vendors with services of better quality at lower cost including warehousing management, drop-shipping, logistics transportation, and express delivery in response to the pain points facing vendors after receiving small retailing orders. By providing these services, Yiwugo helps more vendors accelerate the transition to a more flexible trading model, thus benefiting from the development.

PR Newswire

Flipclutch Research: The wave of 5G+AR technology is coming, WIMI increases investment in AR product applications

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HONG KONG, Jan. 22, 2021 — The "first year of 5G" in 2020 has brought about a boom in VR and AR in the capital and the entire application market. According to the "VR/AR Industry Report for the First Half of 2020", AR (augmented reality) related financing in the first half of 2020 is more than three times higher than VR, reaching 5.51 billion yuan, and they mainly concentrated in AR hardware, underlying related technologies, and application layer.

AR stands for augmented reality, is a technology that calculates the position and angle of the camera image in real-time, and adds corresponding images, videos, and 3D models.In the future, the TV in the living room, the central control screen in the car, and even a thermometer and hygrometer will not need to be physically present. Instead, users can see it through AR glasses. When users can virtualize a giant screen in front of their eyes at any time, users will not need to worry about whether should buy a 5.4-inch or 6.7-inch phone.

In the process of AR popularization, 5G plays an important role. 5G+AR has become the new frontier of science and technology, and AR content applications developed around 5G have gradually increased. Meanwhile, they have been promoted to consumers, and have received positive feedback from the market.

Holographic AR is full of science fiction elements. In the future, with the application development of AR equipment and the assistance of 5G, the product introduction period of AR technology is bound to usher in rapid growth.

WIMI Hologram Cloudutilizes its strong technical capabilities and infrastructure to provide excellent products and services. WIMI’s core business is holographic AR technology for software engineering, media manufacturing services, as well as cloud and big data.

WIMI is a holographic cloud comprehensive technical solution provider. Its business covers multiple links of the Hologram AR technology, including Hologram computer visual AI synthesis, Hologram visual presentation, Hologram interactive software development, Hologram AR online and offline advertising, Hologram ARSDK payment, as well as 5G Hologram communication software development. WIMI’s commercial application scenarios are mainly concentrated on five professional fields, including home entertainment, light field theater, performing arts system, commercial publishing system, and advertising display system.

AR has a very large market. Digi-Capital predicts that by 2021, the global VR/AR market will reach 108 billion U.S. dollars. In the meantime, mobile AR will become the main driving force for the growth, and the AR market will reach 83 billion U.S. dollars.

As a holographic AR company listed on NASDAQ, WIMI Hologram Cloud is also committed to exploring the application fields of holographic AR. Moreover, it has a leading AR holographic application platform in China, which is currently mainly used in entertainment, advertising, education, and other industries. Besides, its hardware environment is relatively mature, which is very beneficial to the development of software and content in these fields.

With the continuous emergence of holographic products from various technology companies, WIMI is also constantly conducting research on cutting-edge holographic AR technology and disruptive technological innovation. It is reported that WIMI has officially announced the establishment of the "Holographic Academy of Science" and the launch of the "Scientist Funding Program" to focus on scientific research and support technological entrepreneurship.

The holographic technology of WIMI, in simple terms, is through AR holographic technology, allowing viewers to watch the true restoration of holographic characters or scenes with the naked eye. The simulation degree is as high as 98%, and the user experience can be described as breathtaking.

WIMI has established a comprehensive holographic AR content library. The format of holographic AR content covers from 3D models to holographic short videos. As of December 31, 2018, there are a total of 4654 ready-to-use AR holographic content, which can be used for WIMI’s holographic AR products and solutions, covering a wide range.In addition, WIMI’s content library is enriched with copyrighted content licensed from third parties. WIMI also cooperates with various content owners, including brand owners, film producers, and talent agents, to transform high-quality IP into AR.

WIMI is committed to providing content value-added services for the large entertainment industry based on visual technology, creating a large entertainment image ecosystem from the four aspects of "technology", "data", "marketing" and "layout", and empowering the content industry with artificial intelligence technology.

VR/AR is one of the most anticipated application scenarios in the 5G era. In response to the integration of the development of 5G and augmented reality, China issued the "Notice on Promoting the Accelerated Development of 5G", requiring the further promotion of 5G+VR/AR and other applications to promote new consumption. Driven by policies, it is expected that 5G+AR in China will develop faster, laying an important foundation for the accelerated growth of the augmented reality market.WIMI will also follow the trend of AR development and grasp these business opportunities brought by AR.

About Flipclutch

Flipclutch Team is a leading market research company in Hong Kong. They have established a professional and proprietary research platform for financial markets, focusing on emerging growth companies and technologically leading companies. Flipclutch team is professional in market research reports, industry insights & financing trends analysis. For more information, please visit http://www.Flipclutch.com

PR Newswire

Gridsum Holding Inc. to Hold Extraordinary General Meeting of Shareholders

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BEIJING, Jan. 22, 2021 — Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today announced it has called an extraordinary general meeting of shareholders (the "EGM"), to be held on February 22, 2021 at 10:00 a.m. (Beijing time), at Gridsum, South Wing, High Technology Building, No. 229 North 4th Ring Road, Haidian District, Beijing 100083, People’s Republic of China, to consider and vote upon, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger, dated September 30, 2020 (the "Merger Agreement"), among the Company, Gridsum Corporation, an exempted company with limited liability incorporated under the laws of the Cayman Islands ("Parent"), and Gridsum Growth Inc., an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Parent ("Merger Sub"), the plan of merger (the "Plan of Merger") required to be filed with the Registrar of Companies of the Cayman Islands in connection with the Merger (as defined below), and the transactions contemplated by the Merger Agreement and the Plan of Merger, including the Merger.

Pursuant to the Merger Agreement and the Plan of Merger, at the effective time of the Merger, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly-owned subsidiary of Parent (the "Merger"). If the Merger is completed, the Company will become a privately-held company, and, as a result of the Merger, the Company’s American depositary shares ("ADSs"), each representing one class B ordinary share of the Company, par value US$ 0.001 per share (the "Class B Ordinary Shares"), will no longer be listed on the NASDAQ Global Select Market and the Company’s American depositary shares program will terminate. In addition, the ADSs and the Class B Ordinary Shares represented by the ADSs will cease to be registered under Section 12 of the Securities Exchange Act of 1934 following the completion of the Merger.

The Company’s board of directors (the "Board"), acting upon the unanimous recommendation of a special committee of Board, composed solely of directors who are unaffiliated with any person participating as a buyer or rollover securityholder in the Merger or any member of the management of the Company, authorized and approved the execution, delivery and performance of the Merger Agreement, the Plan of Merger, and the consummation of the transactions contemplated thereby, including the Merger, and resolved to recommend that the Company’s Shareholders vote FOR, among other things, the proposal to authorize and approve the Merger Agreement, the Plan of Merger and the consummation of the transactions contemplated thereby, including the Merger.

Shareholders of record at the close of business in the Cayman Islands on February 8, 2021 are entitled to attend and vote at the EGM or any adjournment thereof. ADS holders as of the close of business in New York City on January 27, 2021 will be entitled to instruct Citibank, N.A., the ADS depositary, to vote the Class B Ordinary Shares represented by the ADSs at the EGM.

Additional information regarding the EGM and the Merger Agreement can be found in the transaction statement on Schedule 13E-3 and the definitive proxy statement attached as Exhibit (a)-(1) thereto, as amended, filed with the U.S. Securities and Exchange Commission (the "SEC"), which can be obtained, along with other filings containing information about the Company, the proposed Merger and related matters, without charge, from the SEC’s website (www.sec.gov), or at the SEC’s Public Reference Room at 100 F Street NE, Washington, D.C. 20549. In addition, copies of these documents can also be obtained, without charge, by contacting Eric Yuan, at +86-10-5900-1548 or by email at Eyuan@christensenir.com, or by contacting Mr. Tip Fleming, at +1 917 412 3333 or by email at tfleming@christensenir.com.

SHAREHOLDERS AND ADS HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSED MERGER AND RELATED MATTERS.

The Company and certain of its directors and officers may, under SEC rules, be deemed to be "participants" in the solicitation of proxies from the Company’s shareholders with respect to the proposed Merger. Further information regarding persons who may be deemed participants, including any direct or indirect interests they may have, is set forth in the definitive proxy statement relating to the Merger.

This announcement is for information purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell any securities or a solicitation of any proxy, vote or approval with respect to the proposed transaction or otherwise, nor shall it be a substitute for any proxy statement or other filings that have been or will be made with the SEC.

About Gridsum

Gridsum Holding Inc. (NASDAQ: GSUM) is a leading provider of cloud-based big-data analytics and AI solutions for multinational and domestic enterprises and government agencies in China. Gridsum’s core technology, the Gridsum Big Data Platform and the Gridsum Prophet: Enterprise AI Engine, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsum’s customers to identify complex relationships within their data and gain new insights that help them make better business decisions. The Company is named "Gridsum" to symbolize the combination of distributed computing (Grid) and analytics (sum). As a digital intelligence pioneer, the Company’s mission is to help enterprises and government organizations in China use data in new and powerful ways to make better-informed decisions and be more productive.

For more information, please visit http://www.gridsum.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "may," "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Forward-looking statements involve inherent risks and uncertainties. Many factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the substantial doubt about the Company’s ability to continue as a going concern, duration and impact of the COVID-19 pandemically, uncertainties as to how the Company’s shareholders will vote at the extraordinary general meeting in connection with the Merger, the possibility that competing offers will be made, the possibility that financing for the Merger may not be available, the possibility that various closing conditions for the Merger may not be satisfied or waived, and other risks and uncertainties discussed in documents filed with the U.S. Securities and Exchange Commission by the Company. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.

Investor Relations

Gridsum
ir@gridsum.com

Christensen

In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
Email: Eyuan@christensenir.com

In U.S. 
Mr. Tip Fleming 
Phone: +1 917 412 3333 
Email: tfleming@christensenir.com

Related Links :

http://www.gridsum.com

PR Newswire

INTEGRATED MEDIA TECHNOLOGY LIMITED Announces Changes to The Board of Directors

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SYDNEY, HONG KONG and NEW YORK, Jan. 22, 2021 — Integrated Media Technology Limited (NASDAQ: IMTE) ("IMTE" or the Company), announced on January 19, 2021 changes to its Board with the appointment of Mr. Luis Puyat to its Board of Directors and the change of status of Mr. Uwe Parpart from Independent non-Executive Director to Executive Director.

With effect from January 15, 2021, Mr. Puyat will serve as an Independent non-Executive Director and a member of the Board’s Audit Committee and Remuneration Committee. The size of IMTE’s Board was increased from five to six members with Mr. Puyat’s appointment.

Mr. Puyat is currently the Chief Executive Officer of VGP Investments, Inc. a privately held PE firm based in Makati, Metro Manila. Mr. Puyat is also the Executive Director of privately funded First Sovereign Asset Management, Inc. Prior to this, Mr. Puyat was involved in the Puyat family owned Manila Bank from 1986 to 2007, acting as the president from 1994 to 1999, and as Chairman of the Board from 1999 to 2007.

On the same date, Mr. Uwe Parpart’s status was changed from Independent non-Executive Director to Executive Director. Mr. Parpart also resigned from the Audit Committee.

Mr. Con Unerkov. Chairman and CEO of IMTE, stated, "We are pleased to welcome Mr. Luis Puyat as a new Independent non-Executive Director to the IMTE Board. Mr. Puyat is an accomplished financial executive with over 25 years of relevant experience. He is an ideal addition to IMTE’s team as we continue to drive our business strategy forward especially with our new securities research and risk analysis business in China that was recently announced through an investment in Greifenberg Capital Limited.".

As announced on December 29, 2020, IMTE entered into an agreement acquiring up to 60% of Greifenberg Capital Limited to provide risk analysis on China’s securities markets. Our Director Mr. Uwe Parpart who has over 30 years of experience as a senior executive in the finance industry will manage the roll out of this business. Accordingly, Mr. Parpart’s status as a Director changes from Independent non-Executive Director to Executive Director.

Mr. Uwe Parpart, IMTE’s new Executive Director commented, "I have known Luis for over three decades. His extensive experience in the banking and asset management industry in Asia will be extremely helpful in guiding our strategic efforts in research and risk analysis for China’s fast-growing securities industry. We are very excited to have Luis join IMTE’s Board of Directors."

Mr. Puyat commented, "I am familiar with IMTE’s overall business and the new financial services initiative in China. I have known Mr. Parpart for over three decades and collaborated with him on banking ventures on several occasions in the past. I am confident that I can contribute, in particular, to the successful commercialization of IMTE’s securities markets undertaking. I look forward to working with the skilled board of directors as we continue to execute our strategy, drive profitability and enhance value for all our shareholders."

About Integrated Media Technology Limited

Integrated Media Technology Limited. is engaged in the business of glass-free 3D (also known as autostereoscopic 3D) display, the manufacture and sale of nano coated plates for air filters, the sale of electronic glass and financial research and data services. The three new business operations in air filters, electronic glass and financial research services are expected to form the foundation of our future growth strategy.

For more information, please visit www.imtechltd.com.

Safe Harbor Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding IMTE’s expectations, intentions, strategies, and beliefs pertaining to future events or future financial performance. Actual events or results may differ materially from those in the forward-looking statements because of various important factors, including those described in the Company’s most recent filings with the SEC. IMTE assumes no obligation to update publicly any such forward-looking statements, whether because of new information, future events or otherwise. For a more complete description of the risks that could cause our actual results to differ from our current expectations, please see the section entitled "Risk Factors" in IMTE’s annual reports on Form 20-F and interim reports on Form 6-K filed with the SEC, as such factors may be updated from time to time in IMTE’s periodic filings with the SEC, which are accessible on the SEC’s website and at http://www.imtechltd.com.

Related Links :

http://www.imtechltd.com

https://www.imtechltd.com

PR Newswire

CLPS Incorporation Invests in E-Commerce to Diversify Its Business Model

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HONG KONG, Jan. 22, 2021 — CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), today announced its strategic investment, through its wholly owned subsidiary, ChinaLink Professional Services Co. Ltd., in Shanghai Shier Information Technology Co., Ltd. ("SSIT"), an e-commerce services provider. CLPS has indirectly taken 35% ownership stake in SSIT as part of the Company’s growth strategy to diversify its business model.

SSIT develops and offers e-commerce platform products integrated with rebate program as its main and unique feature. Its products include the "Group Store", an online one-stop shop platform exclusive for an enterprise’s employees; and "Duoshouji", a mobile application available for all Android and iOS users. SSIT has partnered with over 10 leading e-commerce companies, catering to hundreds of brands in China and to its over 100,000 registered users, of which more than 50% are active users. SSIT has attracted a large scale, long standing, and loyal customer base as a result of its well-received platform among the enterprises’ users.

The advent of mobile internet and 5G technology defines the ever-changing trend for acquiring online traffic. This trend is expected to be a more efficient way compared to traditional and costly methods such as search engine optimization (SEO), search engine marketing (SEM) and social media promotion, among others.

Over the years, CLPS has been focused on the business-to-business (B2B) model, and its partnership with SSIT now paves the way to penetrate the business-to-consumer (B2C) through enterprise employee data outreach. In addition, CLPS and SSIT have agreed to integrate more financial products and services into the Group Store as part of an enterprise’s development strategy, leveraging the Company’s expertise in the financial industry.

Mr. Henry Li, Chief Operating Officer of CLPS, said, "The investment in SSIT marks our attempt to enter the B2C business. We are optimistic that this investment will not only generate and improve our financials, but will also complement the respective competitive advantage in B2B and B2C to build an online traffic platform, a new engine of attracting potential clients and a vehicle to fulfill our future business model diversification."

About CLPS Incorporation

Headquartered in Hong Kong, CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global leading information technology ("IT"), consulting and solutions service provider focusing on the banking, insurance and financial sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial industry, including large financial institutions in the US, Europe, Australia, Southeast Asia and Hong Kong, and their PRC-based IT centers. The Company maintains 18 delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Baoding, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Suzhou. The remaining eight global centers are located in Hong Kong SAR, USA, UK, Japan, Singapore, Malaysia, Australia, and India. For further information regarding the Company, please visit: http://ir.clpsglobal.com/, or follow CLPS on Facebook, LinkedIn, and Twitter.

Forward-Looking Statements

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. Forward-looking statements include statements with respect to the Company’s 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 the Company’s 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 such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company’s financial and operational performance in the second half and full year of fiscal 2020, its expectations of the Company’s future performance, its preliminary outlook and guidance offered in this presentation, as well as the risks and uncertainties described in the Company’s most recently filed SEC reports and filings. 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.

Contact: 

CLPS Incorporation
Rhon Galicha
Investor Relations Office 
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com

Related Links :

http://www.clps.com.cn

PR Newswire

Tuya Started the Year with the AI+IoT Business Conference Sharing IoT Insights in Italy and Europe

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DÜSSELDORF, Germany, Jan. 22, 2021 — The year 2021 started directly with the AI+IoT Business Conference Europe, organized by Tuya Smart, a leading IoT development platform. Instead of a one-day event, it is divided into 10 special events, each with a regional focus. The conference kicked off with Italy on January 19, 2021. With the theme "Italy – Game Breaker for Smart Lighting", it provides outlook and insight into the Italian smart lighting market by the Italian industry leaders.

Inside homes, color lights are emerging as a component of wellness connected to the concept of "human central lighting" defined by the European lighting manufacturers associations. The application fields are small systems, composed of less than 100 units, installed in homes and small commercial environments and offices.

While seeing the increased demand for smart lighting, many companies detect the Italian market as one of the most important markets. For example, for Tuya Smart, Italy is in the top 3 in activation and activated devices in Europe, based on the Tuya platform’s data. During the last couple of years, the IoT sector’s market value has been experiencing steady growth in Italy.

AI+IoT Business Conference — TED-Style Tour Events (Europe | Online) Italy
AI+IoT Business Conference — TED-Style Tour Events (Europe | Online) Italy

IoT Air Sanitizers

Since the advent of COVID-19, Beghelli Group has recently added a family of air sanitizers specifically designed to fight the virus and reduce the spread of the infection. Many models integrate IoT devices based on Wi-Fi communication capability to enable their remote control.

The SanificaAria air sterilizers are special devices using ultraviolet light, which is confined inside the devices, with no possible harm for the users, for the ambient air’s disinfection. The air is conveyed into the disinfection chamber by some fans. All microorganisms are deactivated by the UVC light at 254nm. Each SanificaAria device is Wi-Fi connected by a Tuya radio module to enable its remote control through the IoT platform’s functions.

Lighting as Part of a Complete Ecosystem Solution

Emanuele Monti, Vice General Manager of Kon.El.Co. S.p.A., who has launched the smart home product line "HeySmart" in 2018, detects lighting as a core part of a complete solution, next to video-surveillance and automation. A solution comprehensive of a well-defined and complete ecosystem for the end-user. To do so, the benefit lies in combining different brands of the own-brand family. Now offering almost 50 products, such as cameras, lighting devices such as led strips, and all kinds of bulbs, offer smart plugs, smart multi-plugs, and IR controllers in the automation sector.

And the demand in the smart home category is constantly increasing, despite the COVID-19 pandemic. Monti certainly declared that 2020 had been the year in which the HeySmart project has established its position in the market, reaching today over 40,000 registered devices within the App. More than 30,000 only during this year, which are very significant numbers. About 30,000 devices are constantly connected and active. But the smart home market in Italy is just at its beginning, as Monti projected a growth curve, from now to the end of 2021, to reach over 70,000 devices in the market, actively and constantly connected.

For more information: https://www.tuya.com/event/abc/eur 

About Tuya Smart

Tuya Smart is a leading global IoT development platform with a unique, all-in-one offering of cloud + connectivity + app that makes it easy and affordable for brands, retailers, and OEMs to make their products smart. Tuya’s platform has smart-enabled more than 200,000 products in hundreds of categories worldwide, serving over 230,000 developers globally. Tuya is internationally operated with headquarters in the U.S., Germany, India, Japan, Colombia, and China.

PR Newswire

OKExChain launches Swap and Farm DApps, allowing users to increase their OKT earnings

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VICTORIA, Seychelles, Jan. 22, 2021 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is delighted to announce that the team behind the open-source blockchain OKExChain has launched two decentralized applications, OKEx Swap and OKEx Farm, on the protocol. Both these new features, along with the opening of the OKT/USDT Farm Pool commenced today at 10:00 am UTC. 

OKT withdrawals also opened at the same time, giving OKT holders the ability to stake OKT along with USDT in Swap to earn OKT-USDT LP tokens. These can then be used to stake in the OKT-USDT Farm Pool for additional earnings, such as mining new OKT.

The OKEx Swap and Farm initiatives have been enabled by the initial stability testing of the OKExChain mainnet that generated tens of thousands of OKT block rewards (according to OKExChain’s block reward rules). These tokens have not yet been allocated, meaning that OKT holders can unlock significant rewards by mining OKT on-chain.

The size of the reward will be voted on by the OKT/USDT whitelist pool on Jan. 26 at 10:00 am UTC. If the vote is approved, a snapshot will be taken according to the blocks that voted in favor, and the accumulated OKT will be distributed according to the proportion of OKT-USDT LP tokens that they had staked in the OKExChain Farm pool when the proposal was approved.

The amount of OKT that users can mine is equal to the number of tokens staked divided by the total number of tokens in the Farm Pool, multiplied by the cumulative amount of OKT. After the cumulative OKT allocation is complete, users can continue to mine through the OKT-USDT Farm Pool. Staking starts as soon as the Farm function is launched. 

"The phased launch of OKExChain is moving along at a very encouraging pace. Already after completion of the initial stage, we have seen its native token, OKT, commanding an all-time high of $86.54 in its first days of trading on the OKEx platform. We’re thrilled that the team behind OKExChain has been able to provide OKT holders with even more benefits through the Swap and Farm initiatives and to see OKExChain expanding its utility," commented OKEx CEO Jay Hao.

In addition to staking and mining rewards via OKEx Swap and Farm, OKT provides users with further immediate utility and benefits, including voting rights and transaction-fee payments for decentralized exchanges and other DeFi applications built on the network. OKT is currently available to trade on the OKEx platform with zero fees on all trading pairs for the first 30 days.

For further information on OKEx Swap and OKEx Farm DApps, please visit the OKEx Support Center here.

About OKEx

A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

PR Newswire

Baidu to Hold Extraordinary General Meeting on March 1, 2021

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BEIJING, Jan. 22, 2021 — Baidu, Inc. (Nasdaq: BIDU) ("Baidu" or the "Company"), a leading Internet platform and AI company, today announced that it will hold an extraordinary general meeting of shareholders (the "EGM") at 11:00 a.m. on March 1, 2021 (Beijing time) at the address of No. 10 Shangdi 10th Street, Haidian District, Beijing, the People’s Republic of China.

A proposal of changing the Company’s authorized share capital by one-to-eighty subdivision of shares ("Share Subdivision") will be submitted to Baidu’s shareholders to be considered and voted upon at the EGM. Subject to the approval of the Share Subdivision at the EGM, Baidu’s board of directors (the "Board") has approved a change in the American depositary share ("ADS") ratio proportionate to the Share Subdivision from ten (10) ADSs representing one (1) Class A ordinary share to one (1) ADS representing eight (8) Class A ordinary shares (the "ADS Ratio Change"), to take effect on March 1, 2021. For Baidu’s ADS holders, the percentage interest in the Company represented by each ADS will not be altered, and the impact on the Company’s per-ADS trading price on Nasdaq is neutral. Holders of ADSs need not take any action in regards to the ADS Ratio Change.

The Board has fixed the close of business on January 28, 2021 (Eastern Standard Time) as the record date (the "Record Date") for determining the shareholders entitled to receive notice of, and to attend, the EGM or any adjourned or postponed meeting thereof. Holders of record of the Company’s Class A or Class B ordinary shares, par value US$0.00005 per share, at the close of business on the Record Date are entitled to notice of, and to vote at, the EGM or any adjournment or postponement thereof. Holders of the Company’s ADSs who wish to exercise their voting rights for the underlying Class A ordinary shares must act through the depositary of the Company’s ADS program, The Bank of New York Mellon (the "Depositary"). The notice of the EGM, which sets forth the resolutions to be submitted to shareholder approval at the meeting, is available on the Company’s website at http://ir.baidu.com.  

About Baidu

Baidu, Inc. is a leading search engine, knowledge-and-information centered Internet platform and AI company. The Company’s mission is to make the complicated world simpler through technology. Baidu’s ADSs trade on the NASDAQ Global Select Market under the symbol "BIDU". Currently, ten ADSs represent one Class A ordinary share.

Contacts

Investors Relations, Baidu, Inc.
Tel: +86-10-5992-8888
Email: ir@baidu.com

Related Links :

http://www.baidu.com

PR Newswire

China Distance Education Holdings Limited Files Annual Report on Form 20-F

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BEIJING, Jan. 22, 2021 — China Distance Education Holdings Limited (NYSE: DL) ("CDEL", or the "Company"), a leading provider of online education and value-added services for professionals and corporate clients in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended September 30, 2020 with the Securities and Exchange Commission. The annual report can be accessed on the Company’s investor relations website at http://ir.cdeledu.com under the section titled "Financials – Annual Reports."

CDEL will provide a hard copy of its complete audited financial statements for the fiscal year ended September 30, 2020, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to our IR representatives stated below, or in writing to China Distance Education Holdings Limited, 18th Floor, Xueyuan International Tower, 1 Zhichun Road, Haidian District, Beijing China, 100083.

About China Distance Education Holdings Limited

China Distance Education Holdings Limited is a leading provider of online education and value-added services for professionals and corporate clients in China. The courses offered by the Company through its websites are designed to help professionals seeking to obtain and maintain professional licenses and to enhance their job skills through our professional development courses in China in the areas of accounting, healthcare, engineering & construction, legal and other industries. The Company also offers online test preparation courses for self-taught learners pursuing higher education diplomas or degrees, and practical accounting training courses for college students and working professionals. In addition, the Company provides business services to corporate clients, including but not limited to tax advisory and accounting outsourcing services. For further information, please visit http://ir.cdeledu.com.

Contacts:

In China:

China Distance Education Holdings Limited
Jiao Jiao
Tel:  +86-10-8231-9999 ext. 1826
Email: IR@cdeledu.com

The Piacente Group, Inc. 
Jenny Cai 
Tel: +86-10-6508-0677
E-mail: dl@tpg-ir.com

In the United States: 

The Piacente Group, Inc.    
Brandi Piacente
Tel: +1 212-481-2050
Email: dl@tpg-ir.com

PR Newswire

MediWelcome Soars 26% in Trading Debut

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Pharmaceutical Giant CSPC Pharma Becomes the Largest Placee Join Forces to Expand Internet Hospital Services

HONG KONG, Jan, 22, 2021 — Mediwelcome Healthcare Management & Technology Inc. ("MediWelcome") commenced trading of its shares on the Main Board of SEHK on 19 Jan, 2021. The stock code of MediWelcome is 2159. Shares of MediWelcome were actively traded and opened at HK$4.00, up 33% against its issue price of HK$3.00. It surged to the day’s high at HK$4.81 before closing at HK$3.79, up 26% over its issue price. Total transaction volume was approximately 101 million shares, with an aggregate turnover of approximately HK$403 million.

CSPC Pharma Becomes the Largest Placee of the International Offering
Co-operation Between the Two Deepened

CSPC Pharmaceutical Group Limited ("CSPC Pharma"; stock code: 1093), a leading pharmaceutical listed company in Hong Kong, has been allotted 8,000,000 shares, representing approximately 32% of 25,000,000 Shares, the final number of Offer Shares under the International Offering, and approximately 4% of total issued share capital upon listing. As a result, CSPC Pharma has become the largest placee of the International Offering.

At the end of 2020, MediWelcome announced a strategic partnership of internet hospital services with CSPC Pharma. They launched a "Stroke Patients Standardised Post-Treatment Management Project" through MediWelcome’s internet hospital platform to provide one-stop post-treatment services, including consultation, visiting, checking, medicine delivery to the stroke patients in China. The project has already launched in Shanghai and Jilin, and will promote to the whole country to create a standardised post-treatment management ecosystem for Chinese stroke patients. Becoming the largest placee, CSPC Pharma undoubtedly shows its confidence in MediWelcome’s execution abilities in internet hospital services. The co-operation between MediWelcome and CSPC Pharma will trigger the Group’s innovation in the new business and will drive the business development of the Group.

Commenting on the positive reception from market in its trading debut, Mr. Shi Wei, Chairman of the Board and Executive Director, said, "The successful listing on SEHK marks a significant milestone of the Company’s business development. I would like to express our deepest gratitude to our investors for their recognition and support. Also, I am grateful for CSPC Pharma joining our International Offering. CSPC Pharma has been our long-term strategic partner. And now it has also become our shareholder, which showed its full trust in MediWelcome. I believe our co-operation will be deepened as CSPC Pharma is one of our shareholders now and will lay a solid foundation for the expansion and the development of our new business, so we will have a broader developmental prospect. The cheering stock performance is the best demonstration of the Company’s capabilities and investors’ confidence. Looking ahead, we will continue our business development at internet hospital services and we will be able to foster sustainable growth with a view to striving for optimal returns for our shareholders."