Monthly Archives: July 2021

PR Newswire

New Oriental Education & Technology Group Inc. Cancels Scheduled Earnings Release and Earnings Call

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BEIJING, July 31, 2021 — New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE: EDU and SEHK: 9901), the largest provider of private educational services in China, today announced that in light of the recent regulatory developments, it will cancel the earnings release for the fourth quarter of fiscal year 2021, as well as the corresponding earnings conference call and live webcast previously scheduled at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing Time) on Tuesday, August 3, 2021. The Company will provide further updates at an appropriate time in the future.

About New Oriental

New Oriental is the largest provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental’s program, service and product offerings consist of K-12 after-school tutoring, test preparation, language training for adults, pre-school education, primary and secondary school education, education materials and distribution, online education, and other services. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental’s ADSs, each of which represents one common share. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.

For more information about New Oriental, please visit http://www.neworiental.org/english/.

Contacts

For investor and media inquiries, please contact:
Ms. Sisi Zhao
New Oriental Education & Technology Group Inc.
Tel: +86-10-6260-5568
Email: zhaosisi@xdf.cn

Ms. Rita Fong
FTI Consulting
Tel: +852 3768 4548
Email: rita.fong@fticonsulting.com

Related Links :

http://english.neworiental.org

PR Newswire

Sparrow introduces Sparrow Cloud, the new application security & quality testing as a service at “Black Hat USA 2021”

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LAS VEGAS, July 31, 2021 — Sparrow Co., Ltd, the leader in application security testing, announced on July 29 its participation in "Black Hat USA 2021." Sparrow hosts its virtual booth to introduce its new solutions between August 4 and 5.

This year, Black Hat, one of the world’s largest IT security events, is holding its 24th conference from July 31 to August 5 as a hybrid event due to the COVID-19 pandemic. Attendants may participate in this event free of charge with pre-registration and experience a variety of solutions from global security companies, including Sparrow.

This year, with its new slogan, "Simplify Application Security with Sparrow", Sparrow will introduce two security solutions: ‘Sparrow Cloud’ and ‘Sparrow SCA’. ‘Sparrow Cloud’ is application security as a service that contains the core of Sparrow’s market-leading solutions, Sparrow SAST/SAQT and Sparrow DAST. This cloud-based service helps users to diagnose application security and quality by performing static and dynamic analysis anytime and anywhere at minimum cost.

To effectively enhance application security in the face of increasing cyber threats, it is critical to apply both static and dynamic analysis to the software development life cycle. With Sparrow Cloud, users can run both analyses on a single platform. Its powerful analysis capability and intuitive UI with detailed descriptions of detected vulnerabilities, even developers who are not familiar with security testing tools can easily manage security vulnerabilities.

Sparrow will introduce its open-source management solution, Sparrow SCA, as well. Sparrow SCA automatically identifies open-source software in use and detects security vulnerabilities in the source code and binary.

Ilsoo Chang, Sparrow’s CEO stated "As President Biden stipulates detailed regulation for strengthening security, it is important to prove that the application is developed in a secure environment. Sparrow, with its security solutions, can help companies to proactively respond to cyber threats".

About Sparrow

With its outstanding technology, Sparrow offers solutions to implement DevSecOps into the software development life cycle. The solutions include Sparrow SAST/SAQT, static analysis solution for application security and quality testing, Sparrow DAST, the web vulnerability analysis tool, Sparrow RASP, the operational application self-protection tool, and Sparrow InteractiveHub, the platform for tool-to-tool interaction and vulnerability management. Experience a variety of powerful security solutions with Sparrow.

To experience Sparrow Cloud today, visit https://cloud.Sparrowfasoo.com

Copyright ©2021 Sparrow Co., Ltd. All Rights Reserved

Related Links :

http://www.sparrowfasoo.com

PR Newswire

Rey Announces $10 Million in New Series A Funding to Expand Access to Mental Health through Digital Capabilities

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Led by Optum Ventures and Oxford Sciences Innovation, new funding will propel Rey’s launch of a tech-enabled, on-demand mental health clinic in response to growing demand for high-quality care in an increasingly resource constrained market

AUSTIN, Texas, July 31, 2021 — Rey, a new mental health and wellness company integrating immersive tools and digital interventions with teletherapy, today announced $10 million in new funding, increasing their Series A to a total of $26 million with the round led by Optum Ventures and Oxford Sciences Innovation.

Deepak Gopalakrishna CEO & Founder / Mike Desjadon, Chief Commercial Officer. Photo courtesy of Rey
Deepak Gopalakrishna CEO & Founder / Mike Desjadon, Chief Commercial Officer. Photo courtesy of Rey

The new funding will help Rey expand its consumer reach and provide more people with access to care through personalized services and leading-edge technology. Rey will also absorb OxfordVR and bring to market clinically validated virtual reality (VR) and digital treatments for Phobias, Psychosis, Post-Traumatic Stress Disorder, and Social Avoidance.

"Mental and behavioral health care is rapidly becoming destigmatized, which is great. But that means there is a growing need and reliance on providers to provide this care, which may drive up costs," said Mike Desjadon, chief commercial officer of Rey. "Through our innovative digital care approach, we can flip the script and provide more personalized care at an affordable price to treat a variety of mental health needs."

Launched in April 2021, Rey is working to improve mental health and wellness by combining cognitive behavioral therapy, talk therapy, medication, and clinically validated tech tools, such as VR, to care for people in new ways.

OxfordVR, was founded in 2017 by Dr. Daniel Freeman, Professor of Clinical Psychology at Oxford University. Dr. Freeman pioneered the use of VR in severe mental illness for more than two decades and is the senior scientific advisor to Rey for development of new automated therapeutics. Potential future treatments include Obsessive-Compulsive Disorder and Substance Use Disorder.

"With a big focus on the expansion of online mental health services, the challenge now is for companies to meet the demand," said Deepak Gopalakrishna, founder and chief executive officer of Rey. "We’re integrating validated and innovative therapeutic tools with well-trained providers to ensure people have access to the high-quality care they need while keeping costs low and preventing provider burnout."

To learn more, visit www.getrey.com.

About Rey

Rey is a membership-based, on-demand mental health company on a mission to revolutionize mental health and wellness by improving access to personalized services through technology. Rey combines proven therapeutic interventions, like cognitive behavioral therapy, with clinically validated tools, like virtual reality, to care for a wide range of member needs in new and novel ways. Powered by OxfordVR, a spin-out of Oxford University and a leader in leveraging technology to deliver proven treatment tools in immersive environments, Rey is arming care teams with the tools they need to bring world-class treatments directly to members’ homes. To learn more visit www.getrey.com.

About Optum Ventures

Optum Ventures is the independent venture fund of Optum, a leading information and technology-enabled health services business dedicated to helping make the health system work better for everyone. Optum Ventures invests in digital health companies that use data and insights to help improve consumers’ access to health care services and how care is delivered and paid for, and that make the health care system more reliable and easier to navigate. For more information, visit www.optumventures.com.

Oxford Sciences Innovation 

Oxford Sciences Innovation is a science business builder. We build world-changing businesses, bringing Oxford science to the world faster. Since 2015, we have worked with over 200 of Oxford’s leading academics to build a portfolio of more than 100 companies, worth over $2 billion, all based on Oxford science, created +1,500 new jobs and added +55,000 square-feet of laboratory and startup space; building on Oxford’s renowned research legacy to create a leading science ecosystem. A place where scientific breakthroughs become world-changing businesses. Our portfolio of companies spans four sectors, Life Sciences, Deep Tech, Health Tech and Software & AI, tackling challenges like the diagnosis and treatment of devastating rare diseases and cancer, sustainability, nuclear fusion, quantum computing and cyber-security. For more information, visit www.oxfordsciencesinnovation.com. 

Media Contact:
Meredith Good-Cohn
meredith@oxfordvr.org  
(443) 797-2996

 

Related Links :

https://getrey.com/

PR Newswire

ZENVIA Inc. Announces Closing of Concurrent Private Placement with Twilio Inc.

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SÃO PAULO, July 30, 2021 — ZENVIA Inc. ("ZENVIA") (NASDAQ: ZENV), announced yesterday the closing of its previously disclosed concurrent private placement of 3,846,153 of its Class A common shares to Twilio Inc. in a private transaction ("Concurrent Private Placement") at an offering price of US$13.00 per Class A common share.

ZENVIA raised US$50,000,000 in gross proceeds with the Concurrent Private Placement, and together with ZENVIA’s initial public offering ("IPO") of 11,538,462 Class A common shares at a public offering price of US$13.00 per Class A common share that closed on July 26, 2021, ZENVIA raised in aggregate approximately US$200,000,000 in gross proceeds.

As disclosed into ZENVIA’s effective registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission, part of the net proceeds from the IPO and the Concurrent Private Placement will be used to pay the consideration payable in cash to acquire One To One Engine Desenvolvimento e Licenciamento de Sistemas de Informática S.A. — Direct One and any remaining proceeds will be used for general corporate purposes, which may include investments for the development of software, products or technologies, investments in the international expansion of our operations, funding other opportunistic mergers, acquisitions or investments in complementary businesses, and maintaining liquidity.

About ZENVIA
ZENVIA is driven by the purpose of empowering companies to create unique experiences for customer communications through its unified end-to-end platform. ZENVIA empowers companies to transform their existing customer communications from non-scalable, physical and impersonal interactions into highly scalable, digital first and hyper contextualized experiences across the customer journey. ZENVIA’s unified end-to-end CX communications platform provides a combination of (i) SaaS focused on campaigns, sales teams, customer service and engagement, (ii) tools, such as software application programming interfaces, or APIs, chatbots, single customer view, journey designer, documents composer and authentication and (iii) channels, such as SMS, Voice, WhatsApp, Instagram and Webchat.

Its comprehensive platform assists customers across multiple use cases, including marketing campaigns, customer acquisition, customer onboarding, warnings, customer services, fraud control, cross-selling and customer. retention, among others. As of March 31, 2021, ZENVIA served more than 10,100 active customers throughout Latin America.

Contacts
ZENVIA Inc.
Attention to Investor Relations Department
ir@zenvia.com  
Avenida Paulista, 2300, Suites 182 and 184, São Paulo, SP, Brazil
Zip Code 01310-300

PR Newswire

iWeb Inc, OTC Markets QB, IWBB, announced it will acquire Tingo Mobile Plc. from Tingo International Holdings, Inc, in a deal valuing the Tingo Mobile Plc at $3.7 Billion USD

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LOS ANGELES, July 30, 2021 — Transaction was negotiated for IWEB by their Business Development Partners Global Fintech Trading Limited Led by Craig Marshak an experienced Fintech Specialist investment banker who formerly ran a Nomura bank Venture Technology fund in London with considerable success in online gaming, Software and Cybersecurity investments.

Tingo International Holdings, Inc., is the parent company of Tingo Mobile, PLC, a Nigerian limited company. Tingo is a device and a service technology company focused on creating digitally inclusive ecosystems in the AgriTech and FinTech sectors in Africa.

TINGO has posted total revenue figure of $616 million dollars in 2020 and an EBITDA of $220 million dollars (figures based on NGN/USD exchange rate of 360), IWEB is confident that these figures will be exceeded going forwards with expansion and natural upwards progression of the TINGO business

IWEB have agreed to pay $4.00 per share with an issuance of 928 million new shares valuing TINGO at $3.7 Billion USD

Tingo is Nigeria’s leading technology and Device as a Service platform aimed at accelerating digital commerce, especially in Agri-Tech & Fin-Tech verticals in Nigeria. Tingo helps farmers acquire mobile phones through a unique mobile phone leasing scheme, connecting them to mobile and data networks through its virtual mobile network and connecting farmers to markets, services, and resources via Nwassa, its digital AgriTech marketplace platform. Beginning in April 2021, Tingo also launched a beta version of Tingo Pay – a B2C FinTech app aimed at providing financial services including mobile wallets, payment processing and access to specialist lenders and insurers to users inside and outside of the agriculture value chain.

Tingo have over 9 million subscribers and has supplied almost 30 million mobile devices since 2014.

About Tingo see www.tingogroup.com

Tingo has four core business drivers:

  • Mobile Phone Leasing: Tingo has distributed almost 30 million mobile handsets since 2014 and will continue to replace the devices of its installed customer base every three years.
  • Mobile Voice and Data Service: Through a Mobile Virtual Network, Tingo provides its customers with voice and data services.
  • Nwassa Platform: Tingo’s proprietary AgriTech platform, Nwassa, supports Nigeria’s agricultural value chain with market access.
    Tingo processes 500k daily transactions with a value of over $8 million, which provides its installed customer base with access to agricultural markets for their crop. Farmers and cooperatives are also supported with packaging, warehousing, and cargo logistics
    Tingo provides its customers with digital wallet services, which enable them to send and receive domestic payments, monitor cash flow in real time and securely hold money.
    Tingo provides access to other third-party services such as utility bill payment, virtual airtime top-up, insurance services, and alternative lending solutions.
  • Tingo Pay: Since the launch of Nwassa platform Tingo has been a dominant player in the B2B FinTech vertical. Tingo has entered the B2C FinTech vertical to extend our B2B play to mass market use cases beyond agriculture.

Market Opportunity

Africa is the second-largest continent by land mass and population. The continent is also the youngest by far, with a median age of 18 years for its 1.3 billion people. Tingo believes the building blocks for growth in Africa’s agriculture industry are in place and that Tingo is well positioned in this space to participate in the upside.

Compelling fundamentals

  1. Strong demographic potential: Sub-Saharan Africa’s population is growing at 2.7% a year, which is more than twice as fast as South Asia (1.2%) and Latin America (0.9%). That means Africa is adding the population of France (or Thailand) every two years. At the current growth rate, the continent’s population will double by 2050. The median age across the continent is 18 years, thirteen years younger than the median age in South America the next youngest continent according to the World Bank. Africa’s youthfulness represents a significant opportunity for material growth in demand for agricultural commodities. This younger generation is also being born into a "networked" world and is more comfortable using technology to achieve their goals.
  2. Improving business conditions: Africa’s governments are paying more attention to improving business conditions for entrepreneurs and small businesses on the continent. Sub-Saharan Africa’s World Bank Doing Business rank has improved by c.20 points from 45 in 2004 to 65 in 2020. Tingo believe this trend will continue and encourage establishment of more new ventures across all economic sectors including the agriculture industry.
  3. Investor appetite remains robust: Africa attracted $407 billion of Foreign Direct Investments between 2014 and 2018 (c.$80 billion per annum on average). Investments are increasingly focused on services and industrial sectors. Only 20% of investments are in extractive industries – a clear reversal from as recently as 2008 when 55% of FDI was aimed at resource extraction, Tingo believes FDI into Africa will help resolve significant infrastructure constraints and position the Agric value chain for value creation.

Nigeria is the largest economy and the most populous country in Africa and is therefore central to the continent’s growth story.

Agriculture is central to African lives and livelihoods. 60% of sub-Saharan Africans are small holder farmers and Agriculture accounts for 23% of the region’s GDP. In Nigeria, Agriculture employs 66% of the workforce and represents 26% of GDP.

Nigeria’s suboptimal agriculture productivity is driven by several factors including broken linkages with demand centres, inefficient capital allocation for purchase of inputs, and underdeveloped and fragmented access to services. Tingo aims to play a key role in resolving each of these issues.

Access to technology: Tingo is a key access point to the digital economy for millions of rural farmers in Nigeria, by providing affordable access to mobile devices and the internet.

Access to markets: Tingo users can connect with vendors and suppliers for affordable access to inputs and services. Tingo also connects farmers with buyers who purchase crops every year.

Access to Financial Services: Through Tingo Pay, its proprietary mobile wallet application, users can execute several transactions. These include credits into the Tingo Pay wallet, and transfers from the Tingo Pay wallet for bill payments and P2P (peer to peer payments). Tingo will continuing to add services to this application to meet customer needs.

Chris Cleverly, President of TINGO INTERNATIONAL HOLDINGS – "TINGO is Africa’s largest digital agricultural ecosystem and is a highly successful payment gateway. It is important that we embrace emerging technologies as they are necessary to solve the issues that burden the world such as food security and financial inclusion. We make no secret of our intention to uplist this group, or to use this platform to rapidly build our customer base in Nigeria and other African markets we will roll-out our unique offering. Global Food Security is a significant priority and our unique model will enable that priority and deliver Food Security in Africa, which powered with Coinfield will make us a very compelling proposition"

Anthony Moore, CEO of IWEB – ”It has been noted in recent years the rapid adoption and deployment of Blockchain by the Telecoms Industry and the global announcements almost weekly of the acceptance of Crypto, we feel the marriage of TINGO with Coinfield leads us into perfect position for this natural evolution in Africa. Africa is a Continent that is showing great readiness and willingness to adapt and adopt to new technologies.

With its young demographic, high smartphone penetration, lack of legacy infrastructure Africa has the greatest potential for blockchain and cryptocurrency of any region. Coinfield provides the know-how and has the history to deliver on this. TINGO with an already huge customer base will expand rapidly and will become the dominant digital payment platform in the world’s fastest growing economy”

About iWEB

IWEB, Inc., is a technology development and services company, provides coding services in various industries and markets primarily in Thailand. The company focuses on image, audio, web, and security coding technologies. Its technology enables governments and enterprises to imbed or imprint invisible digital identities to media and objects. The company’s coding technology provides the means to infuse persistent digital information to computers and digital devices into various forms of media content; and permits smartphones, tablets, industrial scanners, and other computer interfaces to identify relevant data from media content. IWEB has entered a letter of intent to acquire regulated global crypto exchange "Coinfield" which was established 2018, which was announced  as an IWBB Acquisition on 26th July 2021.

IWEB, Inc. Headquartered in Bangkok, Thailand for additional information visit: www.iweb.company

About Global Fintech Trading Limited

A group specialising in Institutional Financial, FinTech and Crypto who are to develop acquisition and investment opportunities in these fields. This is on a Global basis with their international team

See – http://www.globalfintechtrading.com

Safe Harbor Statement: This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934; and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and as such are by definition subject to risks and uncertainties.

Authorized by Fung Hok Wai, President
Contact the company: Fung Hok Wai, President, Email: kevinwai@i-l-a-g.com

Anthony Moore, CEO,  TEL 90-542-332-7666
Investor Relations and Press contact: Alex Lightman in Los Angeles
Email: Alexlightman@me.com

Tingo Mobile Contact: Rory Bowen, Chief of Staff Tingo International Email: rory.bowen@tingogroup.com

PR Newswire

Zhihu Inc. to Report Second Quarter 2021 Unaudited Financial Results on August 16, 2021

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BEIJING, July 30, 2021 — Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH), the operator of Zhihu, a leading online content community in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2021, before the open of the U.S. market on August 16, 2021.

The Company’s management will host a conference call on Monday, August 16, 2021 at 8:00 P.M. Beijing Time (8:00 A.M. U.S. Eastern Time) to discuss the quarterly results.

Dial-in details for the earnings conference call are as follows:

United States (toll free):

+1-888-317-6003

International:

+1-412-317-6061

Hong Kong, China (toll free):

800-963-976

Mainland China (toll free):

400-120-6115

Participant code:

5296870

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.zhihu.com.

A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until August 23, 2021, by dialing the following telephone numbers:

United States (toll free):

+1-877-344-7529

International:

+1-412-317-0088

Replay Access Code:

10159155

About Zhihu Inc.

Zhihu Inc. (NYSE:ZH) is the operator of Zhihu, a leading online content community in China, dedicated to empowering people to share knowledge, experience, and insights, and to find their own answers. Zhihu fosters a vibrant online community where users contribute and engage while respecting diversity and valuing constructiveness by promoting a culture of sincerity, expertise, and respect developed through years of cultivation. Zhihu is China’s largest Q&A-inspired online community and one of the top five Chinese comprehensive online content communities, both in terms of average mobile monthly average users and revenue in 2020. Zhihu is also recognized as the most trustworthy online content community and widely regarded as offering the highest quality content in China, according to a survey conducted by CIC. For more information, please visit https://ir.zhihu.com.

For investor and media inquiries, please contact: 

In China:
Zhihu Inc.
Email: ir@zhihu.com

The Piacente Group, Inc.
Helen Wu
Tel: +86-10-6508-0677
Email: zhihu@tpg-ir.com

In the United States:
The Piacente Group, Inc.
Brandi Piacente
Phone: +1-212-481-2050
Email: zhihu@tpg-ir.com

Related Links :

https://ir.zhihu.com

PR Newswire

Solace’s Event Streaming and Management Platform Now Available through AWS Marketplace

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OTTAWA, Ontario, July 30, 2021 — Solace’s market-leading event streaming and management technology, PubSub+ Platform, is now available for purchase in Amazon Web Services (AWS) Marketplace. This will help enterprises more easily implement event-driven architecture in the cloud by using PubSub+ Platform to accelerate and augment the applications, information and processes they run on the AWS Cloud.

AWS Marketplace is a digital catalog with thousands of software listings from independent software vendors that makes it easy to find, test, buy, and deploy software that runs on AWS.

"The addition of PubSub+ Platform to AWS Marketplace is a significant milestone in our quest to help enterprises harness the power of event-driven architecture to create business value," said Shawn McAllister, Solace CTO and CPO. "It also allows AWS customers to eliminate contracting cycles and have the convenience of purchasing PubSub+ Platform products on a subscription basis under the umbrella of AWS’s terms."

About Solace
Solace helps large enterprises become modern and real-time by giving them everything they need to make their business operations and customer interactions event-driven. With PubSub+, the market’s first and only event management platform, the company provides a comprehensive way to create, document, discover and stream events from where they are produced to where they need to be consumed – securely, reliably, quickly, and guaranteed. Behind Solace technology is the world’s leading group of data movement experts, with nearly 20 years of experience helping global enterprises solve some of the most demanding challenges in a variety of industries – from capital markets, retail, and gaming to space, aviation, and automotive. Established enterprises such as SAP, Barclays and the Royal Bank of Canada, multinational automobile manufacturers such as Groupe Renault and Groupe PSA, and industry disruptors such as Jio use Solace’s advanced event broker technologies to modernize legacy applications, deploy modern microservices, and build an event mesh to support their hybrid cloud, multi-cloud and IoT architectures. Learn more at solace.com.

Press Contacts for Solace

EMEA
Ines Mitsou
Positive
imitsou@positivemarketing.com
0770 3884664

Americas
Greg Barr
greg.barr@solace.com

APAC
Neil Mirano
neil.mirano@ricecomms.com
+65 3157 5685

Related Links :

https://solace.com/

PR Newswire

Doo Financial’s First Display On Times Square Nasdaq Tower, Establishing A Fully Disclosed Brokerage Relationship With Interactive Brokers

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HONG KONG, July 30, 2021 — Doo Financial, an online broker affiliated with Doo Group, has recently established a fully disclosed brokerage relationship with Interactive Brokers, and celebrated with a debut on the Nasdaq in Times Square, New York.

Doo Financial has recently established a fully disclosed brokerage relationship with Interactive Brokers and celebrated with a debut on the Nasdaq in Times Square, New York.
Doo Financial has recently established a fully disclosed brokerage relationship with Interactive Brokers and celebrated with a debut on the Nasdaq in Times Square, New York.

With this relationship, Doo Financial will be facilitating the development and localization of Interactive Brokers’ steadfast trading services in China, while Interactive Brokers provides reliable fundamental services to Doo Financial.

Doo Financial, The New Online Broker  

This fully-disclosed brokerage relationship with Interactive Brokers LLC is established by Doo Financial and Peter Elish Investments Securities, a subsidiary of the group based in the US. 

Doo Financial aims to provide professional investors with brokerage services in trading global securities, futures, CFDs, and many other financial products.

With leading financial technology and integrated service advantages, Doo Financial has achieved full efficiency in executing online account opening, deposit, and withdrawal, as well as trades.

Meanwhile, Peter Elish Investments Securities is 30 years old American securities firm wholly-owned by Doo Financial and is regulated by the US Securities and Exchange Commission (SEC) and the US Financial Industry Regulatory Authority (FINRA).

Such achievements enable Doo Financial to provide global investors with a convenient and reliable investment experience, unlocking a window of global financial assets.

By virtue of the fundamental support of Interactive Brokers, Doo Financials’ clients can seize global market opportunities by depositing their assets in Interactive Brokers’ dedicated custodial account, to trade in the US stock market and enjoy a wider selection of financial products.

For more information regarding the relationship, readers can view it here.

Doo Group’s Global Securities Business Map Is Taking Shape

Since its establishment in 2014, Doo Group has been dedicated to providing new trading brokerage services for financial products such as securities, futures, and CFDs to individual and institutional clients around the world, deeply involving fintech as well as innovation, and continuously expanding the global securities market.

This relationship with Interactive Brokers marks an important chapter of Doo Group’s global securities business layout and it is a key step taken by Doo Financial towards the international financial markets.

In the future, Doo Group will continue to strive with its affiliates including Doo Clearing, Doo Financial, Doo Prime, and Doo Tech to become a leading global online broker with fintech at its core.

 

 

PR Newswire

Production Officially Starts at USI’s Vietnam Plant

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SHANGHAI, July 30, 2021 — USI’s Vietnam plant is located in Dinh Vu, Haian District, Haiphong City, Vietnam, covering a total area of 65,000 square meters. The construction process will be finished in two phases. Recently the System in Package (SiP) modules for wearable products have received the production certificate and the first-phase plant officially started production on July 29, 2021. The main plant put into use in the first phase has a floor area of 54,000 square meters, covering an area of 18,000 square meters. In the foreseeable future, the plant will focus on manufacturing SiP modules for wearable electronic products.

USI Vietnam Plant
USI Vietnam Plant

The Vietnam plant is expected to reach full capacity in 2022 with an annual output of more than 10 million modules and create approximately 1,700 jobs for local residents, becoming a high-tech manufacturing company in Haiphong. Part of the land is still reserved to develop other businesses and meet the potential needs of future customers. In the future, the company will give full play to the competitive advantages of the Vietnam site and develop EMS/ODM/JDM businesses in the Vietnam site according to customer needs.

As the company’s first manufacturing base in Southeast Asia, the Vietnam plant is an important part of the USI’s global landscape of manufacturing sites. It will help the company respond to the orders from overseas customers more flexibly and promote the development of local economy and high-tech industries in Vietnam.

About USI

USI (SSE: 601231, A constituent of CSI300 Index), Universal Scientific Industrial (Shanghai) Co., Ltd., is a global leader in electronic design and manufacturing as well as a leader in the field of SiP (System-in-Package) modules. USI provides D(MS)2 product services: Design, Manufacturing, Miniaturization, Industrial software and hardware Solutions, and material procurement, logistics and maintenance Services. With Asteelflash, USI has 27 sales, production and service locations across four continents of America, Europe, Asia and Africa, and offers customer diversified products in the sectors of wireless communication, computer and storage, consumer, industrial, medical and automotive electronics worldwide. USI is one of the subsidiaries of ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX) which is a world-leading provider of semiconductor manufacturing services in assembly and test in the world. To learn more, please visit www.usiglobal.com and engage with us on LinkedIn and YouTube.

Computers, Gaming, News

AMD Announces the Radeon RX 6600 XT – Fast, Smooth, Responsive 1080p Gaming

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When AMD launches their RDNA 2 GPUs earlier this year, the PC building and gamer community was thrilled. We expected great things from AMD and they delivered in GPUs that could compete with the best its competitors can offer at more reasonable prices. There was still a problem though, after the launch.

It was not about stock shortages and the chip shortage. It was more about the price category that AMD launched the RDNA 2 cards in. It was in the high-end portion of the market. While it was understandable, the GPUs were a little out of reach for most of the gaming community.

BIOSTAR AMD Radeon RX 6600 XT 4
Source: AMD

If you look into Steam’s trends too, the most popular category in gaming PCs is not in the high-end market. A lot of them still work with NVIDIA’s GeForce GTX 1060 GPUs. A lot of those GPUs also power displays at 1080p Full HD resolution. The most popular resolution in PC gaming then, is still 1080p Full HD.

For the purpose of powering Full HD displays, the AMD Radeon RX 6800 and RX 6900 cards are a little overpowered, and a little overpriced. AMD understands this, of course. That is why you get the AMD Radeon RX 6600 XT.

We start with the numbers first, of course. The Radeon RX 6600 XT packs 32 RDNA 2 compute units, 8 less than the RX 6700 XT. Instead of 12GB, it has 8GB of GDDR6 RAM. It is clocked a little higher than the RX 6700 XT though at a base clock of 2,359 MHz with boost speeds at up to 2,589 MHz. Of course, less cores and smaller RAM size also means lower power draw at 160W compared to 230W of the RX 6700 XT.

ROG STRIX RX6600XT O8G GAMING 3
Source: AMD

The AMD Radeon RX 6600 XT is made for budget conscious users. With less total required power, your power supply unit (PSU) can be of a smaller and less powerful variant too, a 550W PSU should be enough in this case. At US$ 379 (MYR 1,603*) it is also a lot more friendly to the wallet.

The Radeon RX 6600 XT is built to take on high-framerate Full HD 1080p gaming. At the same times, different games can be a little demanding. AMD’s FideltyFX technology that comes with the RX 6600 XT should allow games to be upscaled to Full HD resolution to deliver the best experience when gaming with more demanding modern titles. With DirectX 12 Ultimate support too, games should look stunning on your Full HD displays.

Of course, it also comes with AMD’s Smart Access memory technology to allow your AMD Ryzen processors access to the ample memory of the GPU for even better gaming performance. There is also AMD’s Radeon Anti—Lag technology on-board, which means you get even better response times from your keyboard and mouse, and even controllers which gives you the extra edge in games like Call of Duty: Warzone.

  • AXRX 6600XT 8GBD6 3DHE OC 1
    Source: AMD
  • Yeston Radeon RX 6600 XT 4
    Source: AMD
  • XFX Radeon RX 6600 XT MERC308 4
    Source: AMD
  • ROG STRIX RX6600XT O8G GAMING 3
    Source: AMD
  • Radeon RX 6600 XT Phantom Gaming D 8GB OC K
    Source: AMD
  • Radeon RX 6600 XT GAMING X 8G 3d1
    Source: AMD
  • GV R66XTGAMINGOC PRO 8GD 7
    Source: AMD
  • BIOSTAR AMD Radeon RX 6600 XT 4
    Source: AMD

The AMD Radeon RX 6600 XT will be available from AMD’s various board partners. You should start seeing units of the new GPU hitting shelves starting August 11th, 2021. Pre-built systems from OEMs and System Integrators are also expected to include the Radeon RX 6600 XT builds August 2021 onward. As mentioned, prices start from US$ 379 (MYR 1,603*) but will vary from one board partner to the other. More information on the AMD Radeon RX 6600 XT can be found on AMD’s website.

* Approximately based on exchange rate of US$ 1 = MYR 4.23 on xe.com as of 30/07/2021