Monthly Archives: May 2021

PR Newswire

Hong Kong Data Report Unveils Virtual Banks’ Combative Market Strategies Contributing to an Uprise in Virtual Banking Industry

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HONG KONG, May 7, 2021 — It’s been around a year since eight virtual banks started to operate in Hong Kong. Recent news has reported on the industry facing challenges in making profits in their first year of business despite throwing in money and resources. Leveraging proprietary Data Management Platform (DMP) and sophisticated data analytics capability, Vpon Big Data Group ("Vpon"), an Asia’s leading big data company, has recently released the inaugural report on Hong Kong’s virtual banking industry, exploring the potential and unveiling user profile and significant trends on these digital-first challenger banks.

The report suggested 24/7 operations attributed to higher accessibility of banking services in residential district and higher user’s activeness at midnight, generally from 1 a.m. to 4 a.m. Virtual banks are not only popular among the younger generation, but also digital learners and further extend to entertainment lovers. Unlike traditional banking users who are devoted in finance-related ads, virtual banking users are deemed as technologically adept populations, being more active in engaging in toys & games and electronic gadgets.

Stand Out from the Fierce Battlefield of Banking Industry

Despite the challenging business environment, the report projected an impressive growth of the virtual banking sector over the past year by launching various initiatives for brand building to lure potential customers. Some of them have acted in concert with different market pre-conditions and government benefits to formulate specific offerings, such as account opening rewards, high deposit interest rate and maximum cashback to attract new customers.

The report revealed that virtual bank users are highly enthusiastic about the mentioned offers. For instance, ZA Bank was the first to offer promotional package upon Government’s Cash Payout Scheme to attract users, which resulted in a 500% growth rate of new install. Fusion Bank, on the other hand, collaborated with a TV channel by sponsoring digital red packets and cash coupons worth over HKD 20 million. Meanwhile, Mox Bank leveraged strategic cooperation and became the first virtual bank in Hong Kong to launch credit on card service, aiming to turn loss into profit as a mid-to-long-term market strategy.

Riding on the Experience of Hong Kong as a Primitive Reference for Regional Markets

According to Vpon’s owned data analytics platform — AppVois, the emergence of virtual bank also attributes to an increasing penetration of banking and finance-related Apps to 89%. Without doubt, virtual bank is gradually becoming a catalyst that drives Hong Kong banking system revolution and fully unleashed the potential and opportunities in this market.

The ongoing pandemic situation presents a mix of opportunities and challenges for the new incumbents, not merely in Hong Kong but also countries/regions intending to or developing cutting-edge banking system. Riding on the experience of Hong Kong, new entrants in other regions can also learn and refer to Hong Kong as an example for the boosting virtual banking development.

For full report: https://reurl.cc/R6N1Ye

Please contact us if you have any further enquiries. (marketing@vpon.com)

The data provided in this publication are derived from Vpon’s database and pledges to comply with the requirements of the Laws of Hong Kong. We ensure compliance of our platform with the strictest standards of security and confidentiality.

The information and material contained in this site are for general references only. If you intend to rely on or avoid taking any action based on the contents of this publication, you are strongly suggested to obtain professional advice. Vpon makes no express or implied representation, warranty, or guaranty as to the accuracy, appropriateness or completeness of any information contained in this publication.

About Vpon

Vpon Big Data Group ("Vpon") is a leading big data company in Asia focused on big data analytics capability built with cutting-edge technology with the broadest set of mobile data across Asia in delivering effective mobile data-driven marketing solutions. Supported by the accumulation of massive data from 900 million mobile devices, and strategic partnerships with premium media resources across APAC, Vpon provides clients with customized data-centric marketing solutions, including data analytics, branding and cross-border marketing solutions. Headquartered in Taiwan, Vpon was established in 2008 and is currently operating in seven locations in Asia Pacific, including Hong Kong, Shenzhen, Taipei, Singapore, Bangkok, Tokyo and Osaka. If you wish to know more about Vpon, please do not hesitate to check www.vpon.com.                                        

Related Links :

http://www.vpon.com

PR Newswire

ISLE 2021 to open in Shenzhen World on May 10, in China’s LED Production Hub

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SHENZHEN, China, May 8, 2021 — ISLE, the International Large Screen Display, Audio-visual System, Signs and LED Exhibition, is set to open on May 10, in Shenzhen World Exhibition & Convention Center (Shenzhen World), a new venue just 7 kilometers away from Shenzhen Airport.

ISLE 2021 Floor Plan
ISLE 2021 Floor Plan

With latest technologies and solutions from 1200+ exhibitors, taking 80,000 square-meter exhibition area, ISLE 2021 covers the whole industry supply chain in large screen display, LED lighting, audio-visual system, signs and LED.

Highlights of ISLE 2021

Five Scenario-based Display Zones
 ISLE 2021 will introduce five segmented display areas, each providing a scenario-based solution for products like LED, Audio-visual and signs:

  1. Smart Screen Application in 5G Rich Media,
  2. VR/AR Award-winning Production,
  3. Digital Signage,
  4. Digital Creative Arts,
  5. All-in-one LED Display.

ISLE Online Showroom & All-Star Live Show
 ISLE Online Showroom is the channel created to provide 7 X 24h business surfing in 12 categories, 590 market segments with tens of thousands of products. ISLE Online Showroom Link:
https://www.isle.org.cn/showroom?lang=EN

ISLE All-Star Live Show gives live broadcasting of the event and its major exhibitors. ISLE 2021 Live Show Link:
https://www.isle.org.cn/media/live?lang=en

Hundreds of New Products Launch
 ISLE exhibitors are tech savvy and trend-setting. Hundreds of new products will debut in ISLE 2021, including:

LG: world’s first AI Micro LED—"LG MAGNIT", with full black coating and chip on board technology.

Unilumin’s 4th generation LED "UMini", with 20000:1 contrast, 180° visual angle, 2000nit brightness, 130% NTS color gamut and 40% more energy saving.

Leyard’s latest micro-pitch LED display "TX series", with outstanding brightness, contrast, seamlessness. It has distributed signal processing features and support DCI P3 Color Gamut.

Absen will debut its new MicroLED with proprietary HCCI technology and packaged with inverted COB, to achieve a ultra-black surface coating effect and high ambient light contrast, with enhanced light efficiency and low power consumption.

Ledman’s latest 8K Micro LED，with 125% NTS color gamut, 16BIT grayscale and 3840HZ refresh.

LianTronics "Vmini" display, with 170°+visual angle, 20000:1 contrast, IP65 protection to resist water splashing and dust.

 AOTO "SID" All-in-one Display, features with 6mm ultra-thin frame and 19.8mm cabinet thickness. The overall weight of SID is 50% lower than peers. Efficiently integrated with AI algorithm, the optimal viewing brightness can be precisely adjusted.

Gloshine  CL series for stage performance: with thinner and lighter cabinet, easy to install and dismantle, ±80° connection, multiple display can be connected to achieve 360° visual angle, giving stunning stage effect.

MAXHUB 150" All-in-One LED Display: with built-in interactive and mirroring technology – including multi-device screen sharing and synchronized writing – make the MAXHUB All-in-One LED Display an ultra-clear total solution.

Cedar Electronics’ 0.4mm fine pitch COB display, and 2D/3D fusion DCI-P3 COB Screen for cinema.

Top Industrial Forums
 20 industrial forums and workshops will be hosted during ISLE 2021, including China’s Top Video-conferencing Products Appraisal, jointly hosted by ISLE organizer and LED Display Application Branch of China Optics and Optoelectronics Manufacturers’ Association.

For more details, please check
https://www.isle.org.cn/?lang=en 

PR Newswire

Growatt wins TÜV Rheinland’s All Quality Matters Award for its ARK battery

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SHENZHEN, China, May 8, 2021 — Growatt’s ARK battery achieves outstanding performance in TÜV Rheinland’s PVE Test Program and wins All Quality Matters Award at Solar Congress 2021. The Award recognizes Growatt’s first-rate battery energy storage solution for residential use.

Growatt wins TÜV Rheinland’s All Quality Matters Award for its ARK battery
Growatt wins TÜV Rheinland’s All Quality Matters Award for its ARK battery

"At Growatt, our team is dedicated to product innovation and focuses on product quality. And we’re very pleased that Growatt’s ARK battery is recognized by TÜV Rheinland for its outstanding safety and reliability performance," said Lisa Zhang, Growatt Marketing Director.

In TÜV Rheinland’s test program, ARK battery is given All Quality Matters Award for achieving first-rate performance in various safety and reliability tests including charge/discharge cycling performance test, initial charge/discharge energy measurement, battery high rated charge/discharge performance test and high/low temperature charge/discharge performance test.

Growatt is one of the few manufacturers in the industry that develops its own storage batteries and hybrid inverters and provides entire solar energy storage solutions. The company’s R&D team also develops its own Battery Management System (BMS) and hybrid inverter to provide multi-level protections for solar energy storage systems.

Growatt’s ARK battery uses cobalt-free Lithium-iron-phosphate (LFP) materials for improved safety. The company adopts modular design for ARK battery, which not only makes installation easy but provides substantial flexibility of storage capacity for customers.

To deliver excellent customer experience, Growatt provides one-stop service and technical support for its solar PV and battery storage solution. "In addition to that, we are able to improve service efficiency by using our monitoring solutions for software upgrade, remote troubleshooting and more, and reduce operation and maintenance (O&M) expenses for installers," Zhang concluded.

About Growatt
Growatt is a global leader of smart energy solutions and provides residential, commercial and large scale PV inverters, energy storage, microgrid systems and smart energy management solutions. Growatt ranks among global top 10 PV inverter suppliers according to IHS Markit and Wood Mackenzie. Founded in 2010, Growatt has established an extensive network with 20 branches worldwide. By the end of 2020, Growatt had shipped over 2.6 million inverters to more than 100 countries around the world.

Contact: Whiskey Lu, whiskey.lu@growatt.com

Related Links :

http://www.growatt.com

PR Newswire

Xi Jinping Takes Inspiration from Classic Text in Call for Greater Harmony between Humans, Nature

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BEIJING, May 8, 2021 — A report from CCTV+:

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Chinese President Xi Jinping has on many occasions stressed the need for greater efforts to protect the ecological environment, with Xi taking his inspiration from classic works and looking to promote the shift towards a greener, low-carbon lifestyle to ensure harmony between humans and nature.

Xi quoted from the ancient Chinese classical text ‘Zi Zhi Tong Jian’, or ‘Comprehensive Mirror in Aid of Governance’, first published almost a millennium ago, in a speech delivered at the opening of the Beijing Horticultural Expo back in April 2019.

During this speech, Xi acknowledged that: "industrialization, while generating unprecedented material wealth, has incurred serious damage to Mother Nature."

These remarks came against the backdrop of growing concern over the effects of climate change, as well as worries that fossil fuels could soon run out if humans continue to burn at the current rate, while key resources such as land, water and energy are all becoming more limited.

"’Well-measured use of natural resources’ is the key to ecological conservation," Xi told the expo.

"We need to promote a simpler, greener, and low-carbon lifestyle, oppose excessiveness and wastefulness, and foster a culture of living green and healthy," the president said.

"Looking up at night, we are awed by the many stars in the sky. Planet Earth is the only home for mankind. We must protect this planet like our own eyes, and cherish nature the way we cherish life," Xi said.

China’s latest five-year plan also paves the way for its promise of peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060. The 14th Five-Year Plan (2021-2025) vows to lower energy consumption per unit of gross domestic product (GDP) and carbon dioxide emissions per unit of GDP by 13.5 percent and 18 percent, respectively, during the next five-year period.

In the past 10 years, China has ranked first globally in terms of the increase in forest resources, with its afforestation area exceeding 70 million hectares. Meanwhile, 90 percent of terrestrial ecosystem types and 85 percent of key wild animal populations are under effective state protection. China has also pledged to increase the forest stock volume by six billion cubic meters by 2030 from the 2005 level and bring its total installed capacity of wind and solar power to over 1.2 billion kilowatts.

Link: https://www.youtube.com/watch?v=6pbnX22aokU

https://mma.prnasia.com/media2/1506023/video.mp4?_=1
PR Newswire

Keep an open mind and see for yourself

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BEIJING, May 8, 2021 — A news report by China.org.cn on the difference between "what people say" and "what you see":

Was there ever a time when "what you’d been told" and "what you saw" were totally at odds with each other? We often hear people say that Russians are tough people who keep bears as pets, or that Germans are rigid and have no sense of humor. When it comes to China, for many people, words like "conservative" and "lack of freedom" probably spring to mind. But is that really the case?

 

On the question-and-answer site Quora, the question "which country have you visited that turned out to be nothing like how it is depicted" created quite a lot of buzz recently. The top post is about China. The user said that having grown up in the 1980s and ’90s, when China-U.S. relations remained very tense, China was described to him at school in "villainous terms." But after moving to the country, he discovered that it was nothing like he’d been led to believe: Though China differs from the U.S., Chinese people are friendly, live normal lives and care about others. In the meantime, the nation is staunch in upholding their national sovereignty. At the end of his answer, the user encourages people not to believe the hype and to come and see things for themselves. Many in the comments section shared his opinions about China.

Under the same topic, a user from the U.K. shared how his opinions of people in the U.S. changed after spending a few months there. Similar stories about countries like Russia and Iran were also commented on.

Such answers are not unexpected. Take China for example: Vloggers from other countries have recorded the real China with their cameras, discussing how safe they feel walking alone at night, or the dramatic transformations of Chinese villages. What they saw themselves turned out to be completely different from what they’d heard.

Be it the huge gulf between "what others say" and "what you see," or the transformation of opinions after experiencing, these all speak to one point: The indirect information we get, either filtered through other people’s views or influenced by politics, are always limited. For Chinese, every day they see how diverse and inclusive the country is. They have also seen firsthand the efforts that China is making on various fronts. But it’s easy to understand why people from different cultures, used to different political systems, misunderstand China. When you don’t know a country, especially one hugely different from your own, it’s a lot easier to go along with a stereotype than it is to try and understand.

Even a coin has two sides, and in the same way, stereotypes can never capture every aspect of a vast country. The world is such a big place that it’s worth putting aside your preconceptions and experiencing it with an open mind.

You’re welcome to visit China and see for yourself.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm
Keep an open mind and see for yourself
http://www.china.org.cn/video/2021-05/07/content_77472459.htm

PR Newswire

Aaseya Receives the Client Innovation Award for Social Responsibility from Pega

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HYDERABAD, India, May 8, 2021 — Aaseya, Pega Gold Partner, received the Client Innovation Award for Social Responsibility from Pegasystems at PegaWorld iNspire 2021. This prestigious award from Pega recognizes Aaseya for the excellence in delivery and innovation of a COVID-19 rapid response solution for StepChange Debt Charity.

The solution developed on the Pega Platform™ and Pega Customer Service supports up to 10,000+ concurrent users hosted on Pega Cloud.  It facilitates the end-to-end processing of applications for financial relief due to the COVID-19 debt situation.

Quickly designed and built within weeks, the StepChange CVPP product assesses candidate suitability with six online questions. Those that qualify are routed to complete a more detailed income and expenditure analysis that helps StepChange develop its assistance plan. CVPP also leverages Pega Chat to support online conversations between the applicant and StepChange experts.

Commenting on the award, Pankaj Jain, Aaseya CEO, said, "We are honored to receive this award from Pega. It is testimony to the in-depth Pega expertise, cross-industry domain knowledge, and consultative delivery capabilities of the 400+ strong Aaseya professional services team. In the last three and half years, we have come to be recognized as a partner of choice for clients who look to engage a transformative provider of Pega solutions and services." Adrian Bignall, Global Head of Sales & Customer Success for Aaseya, said, "We are privileged to receive this award as well as being able to support StepChange, who deliver a vital service to UK Citizens at this challenging time."

"Pega is pleased to present the Client Innovation Award for Social Responsibility to Aaseya for the outstanding work they have delivered to our joint customer StepChange Debt Charity. We look forward to growing our partnership with Aaseya during 2021," said Carola Cazenave, vice president, global partner ecosystem, Pegasystems.

About Aaseya

Aaseya is a leading professional services company specialising in Digital Transformation through the rapid delivery of Low Code and Digital / Robotic Process Automation Technologies. Aaseya’s 400 consultants specialise in the agile delivery of the Pega Platform, delivering faster time-to-business value for their customers. Aaseya’s Gold Partnership status with Pega is based on its significant Pega Practice size and the large number of successful Pega implementations.

Aaseya operates in 10 countries, working with Banking, Insurance, Manufacturing, and Government organisations, delivering innovative enterprise solutions in the areas of Customer Experience, Business Operations, Legacy Modernization, Case Management, and CRM. Aaseya is a subsidiary of YASH Technologies, a Global System Integrator, with 6,000 employees serving 400 customers globally, specialising in delivering business transformation through IT. 

Visit us at www.aaseya.com and www.yash.com

 

PR Newswire

Dreame to Live Stream the Launch of Smart Home Cleaning Appliances on May 8

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BEIJING, May 7, 2021 — Dreame Technology is going to launch a series of smart home cleaning appliances worldwide on May 8, live streaming via Facebook, YouTube and AliExpress. Under the theme of "Our Home, Our Life, Our Dreame", the global event will unveil Dreame’s new flagship products, including Dreame Bot L10 Pro Robot Vacuum and Mop, Dreame Cordless Stick Vacuum T30, V11 SE, V12 and Dreame Bot Z10 Pro Auto-Empty Robot Vacuum and Mop, Dreame Bot W10 Auto-Cleaning Robot Vacuum and Mop.

With the theme of “Our Home, Our Life, Our Dreame”, Dreame Technology to launch the next generation smart home cleaning products
With the theme of “Our Home, Our Life, Our Dreame”, Dreame Technology to launch the next generation smart home cleaning products

"This event echoes with Dreame’s vision, empowering smart home cleaning technology to improve people’s life and making home a better place to enjoy with loved ones. I believe people will find their ideal product that satisfies their unique needs in this event," said Frank Wang, International Marketing Director of Dreame Technology.

Dreame Bot L10 Pro Robot Vacuum and Mop

Armed with intelligent LiDAR navigation, Dreame Bot L10 Pro Robot Vacuum and Mop immediately generates an editable map and an efficient cleaning route during the first cleaning. It can automatically identify objects such as furniture, cable, slippers and avoid them intelligently in advance, reducing the risk of getting stuck or collided. Dreame Bot L10 Pro also features 4,000Pa strong suction power, 2.5h ultra-long run time, APP and voice control, as well as smart water control for mopping.

Dreame Cordless Stick Vacuum T30, V11 SE and V12

Generally regarded as a top-notch cordless stick vacuum, Dreame T30 highlights a powerful suction of 190AW and 90min ultra-long runtime to provide an unparalleled deep cleaning experience. Its intelligent HD screen allows users to get a grip on cleaning with ease, covering key information such as cleaning mode, battery power, dust level in real time.

Dreame’s premium cordless stick vacuum V12 and V11 SE generate an industry-leading powerful suction of 185AW and 150AW respectively, which can thoroughly remove stubborn dirt on carpets and hard floors.

Dreame Bot Z10 Pro and Dreame Bot W10 Robot Vacuum and Mop

Coupled with an auto-empty base, Dreame Bot Z10 Pro enables automatic dirt disposal. Its 4L large dust bag can hold up to 65 days of dirt and debris, which requires minimal maintenance. Dreame Bot W10 can vacuum, sweep, mop, wash and dry the mop for a complete hassle-free cleaning performance. 

The launch event will be on live in English, French, Spanish and German via Facebook, YouTube and AliExpress. Limited free gifts and discounts will be available during the live streaming. Subscribe to the live launch event and get exclusive offer for Dreame Bot L10 Pro:

https://www.dreame-technology.com/products/l10-prelaunch

Please refer to the following timeline to join the event.

Youtube, Facebook

May 8th, 19:00-19:30, CET

May 8th, 10:00-10:30, PST

May 9th, 1:00-1:30, UTC+8

AliExpress English

May 8th, 19:00-20:00, CET

May 8th, 10:00-11:00, PST

May 9th, 1:00-2:00, UTC+8

AliExpress French

May 8th, 20:00-21:00, CET

May 8th, 11:00-12:00, PST

May 9th, 2:00-3:00, UTC+8

AliExpress Spanish

May 8th, 20:30-21:30, CET

May 8th, 11:30-12:30, PST

May 9th, 2:30-3:30, UTC+8

AliExpress German

May 8th, 21:30-22:30, CET

May 8th, 12:30-13:30, PST

May 9th, 3:30-4:30, UTC+8

About Dreame Technology 

Established in 2015, Dreame Technology, an innovative consumer product company, focuses on smart home cleaning appliances with the vision to improve global users’ life quality through technology.

Follow us on Facebook, Instagram and Twitter.

For more information, please visit https://www.dreame-technology.com.

Related Links :

https://www.dreame-technology.com/

PR Newswire

TCP Group attends the first CICPE, contributing to the development of the Hainan Free Trade Port

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HAIKOU, China, May 7, 2021 — Hosted by China’s Ministry of Commerce and the Hainan provincial government, the first China International Consumer Products Expo (CICPE) , the largest consumer goods boutique exhibition in the Asia-Pacific region, is being held at the Hainan International Convention and Exhibition Center. TCP Group, the inventors and owners of the Red Bull brand and trademarks in China and globally, have brought its diversified product portfolio from its global ‘House of Brands‘, including Red Bull, to CICPE. While bringing classic flavor and even more innovative products to Chinese consumers, TCP is also contributing to Hainan’s development as an international hub for tourism consumption.

TCP’s booth at the first China International Consumer Products Expo
TCP’s booth at the first China International Consumer Products Expo

TCP’s participation in CICPE is not only a homeward journey marking the company’s return to Hainan, where it first entered the China market nearly three decades ago, but also signals TCP’s commitment to supporting Hainan’s development as an important new global window for opening up, sharing, innovation and cooperation. TCP is committed to providing Chinese consumers with high-quality and legal Red Bull products and hopes to contribute to China’s beverage industry and the wider economy through a strategy focused on long-term investment and constant innovation. TCP also aims to support the development of the Hainan Free Trade Port by contributing to the implementation of the Overall Plan for the Hainan Free Trade Port through practical actions and facilitating greater cooperation with high-quality resources in the global consumer economy.

The product line of TCP’s Global Brand House
The product line of TCP’s Global Brand House

At CICPE, Red Bull’s booth was launched under the theme "Red Bull’s Homecoming and Innovation for the Future", demonstrating TCP’s determination to pursue cooperation for common growth with Hainan. The booth features the gold can Red Bull, representing joint prosperity and excitement. The main body of the booth is surrounded by streamlined ribbons, which symbolize the feeling of returning home. The red, yellow, and blue colors of the main body complement each other, representing the commitment of TCP and the Hainan Free Trade Port to look back at the past together, make progress together, and innovate for the future.

TCP’s booth at the first China International Consumer Products Expo
TCP’s booth at the first China International Consumer Products Expo

In addition to the creative booth design, TCP also brought its global ‘House of Brands’ product lines to the exhibition. Red Bull®️An Nai Ji Drink and Red Bull®️Vitamin Flavor Drink, the Red Bull products that have been favored by consumers since their launch, have attracted significant attention at the exhibition site. These two products were successfully launched after TCP announced a new business model and new partnerships in June 2019, with the aim of continuing to deepen its presence in the Chinese market. Red Bull® An Nai Ji Drink, featuring American ginseng extract, is a new flavor for the Red Bull product line launched by TCP, mainly aimed at members of China’s younger generation who are constantly willing to try new things. Red Bull® Vitamin Flavor Drink, as a hero product of TCP Group, is aimed at the brand’s many loyal Chinese consumers who are fans of the classic taste of Red Bull.

In addition to Red Bull, TCP also brought Ready, one of Thailand’s most popular premium energy drinks, and Sponsor, Thailand’s number one electrolyte drink, as well as the best-selling functional drink Mansome and Sunsnack.

Visitors try TCP products at Red Bull booth
Visitors try TCP products at Red Bull booth

As an international brand that has invested in the Chinese market for nearly 30 years, TCP has a deep and longstanding relationship with Hainan. Wenchang is the ancestral homeland of Mr. Chaleo Yoovidhya, the inventor of Red Bull. In 1993, Red Bull’s first factory in China, Hainan Red Bull Energy Drink Co. Ltd. was established in Qiongzhou. Mr. Saravoot Yoovidhya, CEO of TCP Group, pays close attention to the local development of Hainan and the business layout in China, hoping to make contributions to local economic development with the help of the influence of the Red Bull brand.

Keynote Speech for CICPE from Mr. Saravoot Yoovidhya
Keynote Speech for CICPE from Mr. Saravoot Yoovidhya

Discussing the significance of the first CICPE and the strategic layout of TCP’s future business, Mr. Saravoot Yoovidhya said, "TCP and the Yoovidhya family view CICPE as an incredible opportunity to pursue common development together with the Hainan Free Trade Port. At the same time, under the guidance of the 14th Five-Year Plan and the Long-Range Objectives through 2035, TCP will further promote the transition of the industry towards a model focused on upgrading consumption, driving innovation, and fostering more sustainable development, all with a view to better meeting the needs of Chinese consumers."

PR Newswire

Clarivate Announces 2020 Revenue Cycle Awards Recipients

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Winners of the annual award include ThedaCare Regional Medical Center, University of Iowa Hospitals & Clinics and Essentia Health

LONDON, May 7, 2021 — Clarivate Plc (NYSE: CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced the 2020 winners of the annual Revenue Cycle Awards, issued by Healthcare Business Insights to US based companies since 2012. The Revenue Cycle Awards recognize healthcare organizations for achieving outstanding performance on revenue cycle KPIs, based on data from their most recent and preceding full fiscal years. The 2020 Revenue Cycle Awards recipients are: ThedaCare – WI, University of Iowa Hospitals & Clinics – IA and Essentia Health – MN.


The Revenue Cycle Awards were established in 2012 to recognize hospitals and health systems demonstrating strong performance on revenue cycle KPIs that indicate the fiscal health of an organization. While this year’s recipients faced challenges common to the entire healthcare community, at the onset of the pandemic, each participant adjusted operations to support staff and increased communication with patients to prevent the spread of COVID-19. For example, many expanded remote work for revenue cycle staff and developed workflows to meet increased demand for telehealth services. While adapting to these unforeseen challenges, leaders at these organizations were preparing for CMS price transparency regulations, which took effect in 2021, and managing ongoing improvement initiatives intended to further increase efficiency and accuracy in revenue cycle operations.

Winners were selected based on multiple KPIs, and the studied metrics were adjusted for the COVID-19 pandemic. In past years, metrics have been heavily focused on financial outcomes. For the 2020 Awards, that focus was lessened, and new metrics were included to assess the effectiveness of revenue cycle operations, such as the percentages of initial denials attributed to varying root cause categories, which provides insight into the efficiency and accuracy of staff workflows. Evaluation also included narratives provided by awards entrants describing recent revenue cycle initiatives, COVID-19 pandemic response, and more.

Beth Reed, Principal Analyst at Clarivate for Healthcare Business Insights solutions, said: "Innovation is at the heart of every successful growth strategy. Now, more than ever, hospitals and health systems must be flexible, able to adjust operations when needed to ensure the best care can be provided. It was important to acknowledge the effects of the COVID-19 pandemic in this year’s awards process. Each participant demonstrated their commitment to the health and safety of their staff and patients during a time of upheaval."

While all award recipients have high-performing revenue cycles in common, they represent varied segments of the healthcare landscape as defined by annual net revenue.

2020 Revenue Cycle Awards Winners:

$251 MILLION TO $1 BILLION NET REVENUE – ThedaCare

Based in Neenah, Wisconsin, ThedaCare includes seven hospitals and more than 30 clinics. The system includes five critical access hospitals and two general acute-care hospitals. ThedaCare features 460 beds and has generated approximately $734 million annual net revenue. The system operates under a partnership with Ensemble Health Partners, which provides full revenue cycle outsourcing.

Key achievements:

  • Top decile performance on first-pass appeal success rate in most recent fiscal year: 89.08%
  • Top decile year-over-year improvement on cost to collect: 29.40% decrease
  • Improved business office staff accuracy and efficiency, as well as payer relations, by integrating robotic process automation and AI into claim status workflows and account follow-up prioritization

$1 BILLION TO $2 BILLION NET REVENUE — University of Iowa Hospitals & Clinics

Based in Iowa City, Iowa, University of Iowa Hospitals & Clinics is an academic health system featuring an 860-bed hospital and more than 200 clinics. The system has generated approximately $1.9 billion net revenue.

Key achievements:

  • Top decile performance on percentage of dollars initially denied by payers due to insufficient clinical documentation in most recent fiscal year: 1.32%
  • Top decile performance on percentage of patients pre-registered before scheduled service in most recent fiscal year: 83.18%
  • Demonstrated leadership and community commitment by mitigating a local natural disaster’s effects on patient access to care during summer 2020, such as by identifying revenue cycle team members who could not work remotely due to power outages and developing safety protocols to prevent COVID-19 infection while they were brought back onsite temporarily

$2 BILLION+ NET REVENUE — Essentia Health

Based in Duluth, Minnesota, Essentia Health includes 14 hospitals, more than 70 clinics, several postacute and nonacute living facilities, and more, across Minnesota, Wisconsin, and North Dakota. The system features 1,150 beds and has generated approximately $2.0 billion net revenue.

Key achievements:

  • Top decile performance on percentage of patient payments made online in most recent fiscal year: 91.15%
  • Top decile year-over-year improvement on percentage of patients pre-registered before scheduled service: 90.67% improvement
  • Modified patient-facing revenue cycle processes to provide a positive in-person experience (such as through curbside registration) and virtual experience (such as through remote patient monitoring) during the pandemic

Clarivate and its Healthcare Business Insights solutions, is a proud partner to over 2,000 hospitals and health systems in the United States. We support healthcare leaders by optimizing performance, engaging and retaining employees, and providing insights to help navigate the evolving market – all while putting the patient first. As part of the Revenue Cycle Awards program, throughout 2021, Clarivate will highlight the work behind the numbers with exclusive content, connecting leaders from the winning organizations with the healthcare community. Submissions for the 2021 Revenue Cycle Awards will open later this year.

For more information, visit https://www.healthcarebusinessinsights.com/.

About Clarivate
Clarivate™ is a global leader in providing solutions to accelerate the lifecycle of innovation. Our bold mission is to help customers solve some of the world’s most complex problems by providing actionable information and insights that reduce the time from new ideas to life-changing inventions in the areas of science and intellectual property. We help customers discover, protect and commercialize their inventions using our trusted subscription and technology-based solutions coupled with deep domain expertise. For more information, please visit clarivate.com.

Media Contact
Catherine Daniel
media.enquiries@clarivate.com

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CASETiFY Launches Sporty Capsule Collection with Champion® Athleticwear

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The collaboration brings Champion’s iconic aesthetic to limited-edition lifestyle accessories

HONG KONG AND LOS ANGELES, May 7, 2021 — Global lifestyle brand CASETiFY today announced its first collaboration with Champion Athleticwear. The limited-edition collection draws inspiration from Champion’s collegiate legacy, giving CASETiFY’s signature accessories a fresh, sporty look. Customers can join the waitlist for priority access to shop the Champion x CASETiFY collection at casetify.com/champion, with products shipping worldwide on launch day, May 21, 2021.

The collaboration brings Champion’s iconic aesthetic to limited-edition lifestyle accessories
The collaboration brings Champion’s iconic aesthetic to limited-edition lifestyle accessories

As the latest partner to join the CASETiFY Co-Lab program, Champion inspires a winning lineup of custom products, paying tribute to its long-running reputation as a leader in making authentic athletic apparel. The Champion x CASETiFY collection introduces limited-edition tech accessories and new lifestyle products, incorporating genuine materials associated with both brands, such as Champion’s iconic Reverse Weave™. For this collaboration, customers can find reimagined jocktags, Champion graphics, and vintage logo throwbacks on CASETiFY’s military grade Impact series, Material Cases, and Crossbody styles, retailing for $40 USD and up. The new sweatshirt-inspired accessories are part of CASETiFY’s year-long 10th anniversary celebration, which introduces new products paying homage to its partners, launching throughout 2021.

"Bringing on a brand partner like Champion is a game changer for CASETiFY," said Wes Ng, CEO and co-founder of CASETiFY. "We’re two brands that value innovation and pushing the boundaries of our industries, so we’ve carried that mission into this collection. These designs are made to summon your inner champion."

In support of CASETiFY’s mission for self-expression, the collaboration offers new ways to customize accessories, giving names and monograms a spirited shout-out in an authentic Champion design, retailing for $45+ USD. Spanning an inclusive range of iPhone case sizes, customers are invited to dress their tech in new sporty styles including cotton-blend jersey, reflective mirror surfaces and branded Champion patches. Additionally, customers can match their gear with complementing accessories in two collections, the Logomania Collection and the Jocktag Collection, compatible with iPhone, AirPods, grip stands and more, retailing for  $25 USD – $75 USD.

"We are extremely excited to partner with CASETiFY to create custom designed Champion tech accessories for our fans," said David Robertson, Director Champion Global Brand Marketing.  "Bringing our designs to lifestyle products is a natural extension for Champion as we aim to provide sleek, expressive style on and off the field. iPhones and AirPods have become ingrained in our day-to-day lives, so it’s been a really fun, creative process for CASETiFY and our team to collaborate on unique designs that liven up our favorite tech products."

Also joining the collaboration is CASETiFY’s newly launched custom water bottle, giving Champion fans a sustainable addition to their active lifestyle, retailing for $50+ USD. The stainless steel bottle is crafted in CASETiFY’s proprietary Hydrafy™ technology, to provide leak-resistant, double-wall vacuum insulation and keep beverages at temperature.

Champion x CASETiFY launches worldwide on casetify.com/champion, with shipping to more than 100+ countries, starting on May 21. To learn more about the collaboration, CASETiFY products and retail locations, visit online and follow CASETiFY on Instagram, Facebook, and Twitter.

About CASETiFY

Founded in 2011, CASETiFY is recognized as the first and largest global platform for custom tech accessories. The leading Gen Z casemaker not only delivers high quality products to millions of customers around the world, but every case is inspected top to bottom for a stylishly slim, drop-proof accessory. Fans of the brand often look to CASETiFY for special edition collaborations with top creatives and talents across industries. Members of the CASETiFY Co-Lab program include Moncler Genius, Vetements, DHL, Coca-Cola, The Pokémon Company, streetwear label BAPE, and global K-Pop group BTS. For more information on CASETiFY, its stores, partners and products, visit www.CASETiFY.com.

About Champion®

Since 1919, Champion Athleticwear has offered a full line of innovative athletic apparel for men and women including activewear, sweats, tees, sports bras, team uniforms, footwear and accessories. Champion uses innovative design and state-of-the-art product testing to ensure uncompromised quality and innovative apparel for its consumers. Champion Athleticwear can be purchased at department stores, sporting goods, specialty retailers, and at Champion.com. For more information, please contact us at 1-800-315-0563 or at Facebook.com/Champion, follow us on Twitter @Championusa or on Instagram @Champion. Champion is a brand of HanesBrands. (NYSE:HBI).