Monthly Archives: August 2021

PR Newswire

CLPS Incorporation Announces Signing of Framework Agreement with A China A-Share Company to Develop Financial IT Services in Domestic Market

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HONG KONG, Aug. 27, 2021 — CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), today announced that, through its majority-owned subsidiary, JAJI (Shanghai) Co., Ltd. ("JAJI"), it has entered into a framework agreement (the "Agreement") with an A-share listed company ("the Client"), which provides financial information software products and integrated services. Pursuant to the Agreement, CLPS and the Client will leverage their respective industry expertise in financial IT services to expand client base and establish a common ground in identifying the demand for IT talent and technology requirement from the financial institutions.

Fintech industry is one of the key drivers in China’s economic growth. Despite the impact of COVID-19, the demand for IT services in the fintech industry remains robust, and it is forecasted that this trend will continue going forward. The cooperation with the Client aims to further streamline CLPS’s key business, the IT consulting services, with focus in the banking sector. CLPS and the Client will join forces to strengthen research and development capability and improve the competitiveness of IT service deliverables.

Mr. Oscar Yuan, General Manager of JAJI, said, "Our cooperation with the Client signifies the recognition of our competitive advantages in the financial IT services. We hope that this initial step will translate into more cooperation in the future, with the purpose of providing broader brand exposure and developing an industry-recognized financial IT services."

Mr. Henry Li, Chief Operating Officer of CLPS, said, "We are very pleased to start a new chapter of cooperation with the Client. While we actively implement our global expansion strategy, we also focus on strengthening our core competencies, further improving the margin of our IT consulting services revenue, and creating more business opportunities that will serve as engines for the Company’s growth."

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 service sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial service industry, including large financial institutions in the US, Europe, Australia, Southeast Asia and Hong Kong SAR, 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, Xi’an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining seven global centers are located in Hong Kong SAR, USA, Japan, Singapore, Malaysia, Australia, and India. For further information regarding the Company, please visit: https://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. Known and unknown risks, uncertainties and other factors, which may be beyond the Company’s control, may cause the actual results and performance of the Company to be materially different from 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 expectations of the Company’s future growth, performance and results of operations, the Company’s ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, 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

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PR Newswire

REPASSA Embraces Enterprise Mobility to make their Business Operations Seamless across their Southeast Asia Operations with HokuApps

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New Mobile CRM Solution Enabled Sales, Operations, Warehouse, and Admin Teams at REPASSA To Easily Process Customized Orders While Working Remotely.

SINGAPORE, Aug. 27, 2021 — For simplifying the order processing of the customized products, REPASSA, a trusted name in the Hygienic and Chemical industries throughout Southeast Asia, partnered with HokuApps, a global player in next-generation digital transformation services, to create a custom-built mobile CRM solution as per their unique requirements and workflows. This new solution enabled REPASSA to automate its entire sales and service management process across all SEA offices. It ensured the high quality and reliability of its business operations during COVID-19.

Established in 1992, Singapore’s REPASSA Group is a trusted name in the Hygienic and Chemical industries throughout Southeast Asia. In addition to representing famous European and U.S. brands, the company also offers custom engineering solutions and after-sales services. Their specialties include utilities, liquid & powder processing, filling, and packaging machines, ranging from single components such as pump & valve to complete industrial solutions. With so many customized products and design complexities, managing operations on the legacy systems was becoming more challenging.

Specially engineered for REPASSA’s sales and service staff, warehouse workers, and administrative people, the solution built by HokuApps makes it easy to manage new inquiries and service requests, send quotations for both regular and custom products, track orders and manage customer accounts. They can now easily create a custom quote, a work, or a delivery order, take pictures of the custom build and share it with the client. The solution is also supporting the HR team for managing leave requests, various claims, and other employee functions directly through the application.

"As a custom supplier, we knew it was going to be a challenge to build an app that could suit our operations and also be intuitively understood, by users across our subsidiaries throughout Southeast Asia," said Patrick Toh, Sales & Marketing Director at REPASSA Singapore. "One of the biggest challenges was how to implement order processing of customized products. Through systems adaptation on our end in tandem with the relentless efforts of HokuApps, we managed to build a unique solution that will benefit our future operations across SEA."

"Using the mobile app, a huge majority of REPASSA’s daily business activities, can now be consolidated into one universal company-wide platform," said Nand Kapoor, Director of HokuApps. "We enjoyed working with them in pioneering many tailor-made features and will continue to assist in upgrades and improvements as they are recognized."

About HokuApps

HokuApps is the fast-growing rapid application development platform that empowers organizations to develop innovative technology solutions incredibly fast. With a cutting-edge automated development engine, HokuApps can build custom solutions for any part and any size of the business 10X faster and at a fraction of cost. This technology platform has enhanced mobile and data integration capabilities to enable companies to speedily deploy mobile and web applications. HokuApps empowers organizations to usher in their digital transformation journey to better engage with customers, partners, and employees.

Related Links :

https://www.hokuapps.com/

PR Newswire

China Finance Online Announces Changes to the Board of Directors

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BEIJING, Aug. 27, 2021 — China Finance Online Co. Limited ("China Finance Online," or the "Company," "we," "us" or "our") (Nasdaq GS: JRJC), a leading web-based financial services company that provides Chinese individual investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, today announced the following changes to the board of directors of the Company (the "Board").

The Board has approved the appointments of Ms. Ying Zhu, Mr. Frank J. Mitsch and Mr. Haimin Xu as directors of the Company, effective as of August 27, 2021. Each of Mr. Zhiwei Zhao and Mr. Yaowei Zhang has resigned as a director of the Company, effective as of August 23, 2021, and August 20, 2021, respectively. The Board has also elected Dr. Z. James Chen as the Chairman of the Board, effective as of August 27, 2021.

Ms. Ying Zhu has been serving as our Chief Financial Officer since May 2021. She joined our Company in July 2010 and has served as our Director of Investor Relations, Director of Strategy, Assistant to the Chairman, Head of President’s Office and the Acting Chief Financial Officer. She also serves as Vice President of Rifa Securities Limited in Hong Kong. Ms. Zhu obtained her Master of Law and Bachelor of Economics degrees majoring in Finance from International Business School of Beijing Language and Culture University. Ms. Zhu has been awarded HKSI Institute Specialist Certificates on Securities, Futures and Asset Management.

Each of Mr. Frank J. Mitsch and Mr. Haimin Xu has been appointed as an independent director of the Board and will serve as members of the Audit Committee, Compensation Committee and Corporate Governance and Nominating Committee, respectively.

Mr. Frank J. Mitsch co-founded and is currently the President of Fermium Research following seven years at Wells Fargo Securities, where he was a Managing Director. Beginning his financial services career with Merrill Lynch, Mr. Mitsch has over 20 years of experience in the industry, including BB&T Capital Markets and JP Morgan H&Q. He’s a member of the 2017 and 2018 Institutional Investor’s All-America Research Team and received the Top Gun designation from Brendan Wood Intl in 2020. Mr. Mitsch has also been named four times in The Wall Street Journal’s Best on the Street analyst survey for stock selection. Frank received his Bachelor of Engineering degree from Stevens Institute of Technology and an MBA in Finance from Montclair State University.

Mr. Xu Haimin is a partner of Cybernaut Investment Group. He has worked in China Ministry of Aerospace, PricewaterhouseCoopers China, as Financial Management Consultant, and China United Assets Appraisal Group as Vice General Manager. He graduated from Nankai University with a bachelor’s degree and from School of Economics at Peking University with a Master’s degree.

The Board is thankful for Mr. Zhiwei Zhao and Mr. Yaowei Zhang’s long-term services and significant contributions to the Company and wishes them the best in their future endeavors. The Board is confident that the Company will be able to drive its business growth under the new leadership of the Board, with the addition of Mr. Frank J. Mitsch, Mr. Haimin Xu and Ms. Ying Zhu’s valuable expertise and experience.

About China Finance Online

China Finance Online Co. Limited is a leading web-based financial services company that provides Chinese individual investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers. The Company’s prominent flagship portal site, www.jrj.com, is ranked among the top financial websites in China. In addition to the web-based securities trading platform, the Company offers basic financial software, information services and securities investment advisory services to retail investors in China. Through its subsidiary, Shenzhen Genius Information Technology Co. Ltd., the Company provides financial database and analytics to institutional customers including domestic financial, research, academic and regulatory institutions. China Finance Online also provides brokerage services in Hong Kong.

Safe Harbor Statement

This press release contains forward-looking statements which constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. The statements contained herein reflect management’s current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of the Company. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, this release contains the following forward-looking statements regarding:

  • liquidity and sources of funding, including our ability to continue operating as a going concern;
  • our prospect and our ability to attract new users;
  • our prospect on building a comprehensive wealth management ecosystem through providing a fully-integrated online communication and securities-trading platform;
  • our prospect on stabilization in cash attrition and improvement of our financial position;
  • our initiatives to address customers’ demand for intuitive online investment platforms and alternative investment opportunities; and
  • the market prospect of the business of securities-trading, securities investment advisory and wealth management.

Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which risk factors and uncertainties include, amongst others, substantial doubt about ability to continue as a going concern, the outbreak of COVID-19 or other health epidemics in China or globally, changing customer needs, regulatory environment and market conditions that we are subject to; the uneven condition of the world and Chinese economies that could lead to volatility in the equity markets and affect our operating results in the coming quarters; the impact of the changing conditions of the mainland Chinese stock market, Hong Kong stock market and global financial markets on our future performance; the unpredictability of our strategic transformation and growth of new businesses; the prospect of our margin-related business and the degree to which our implementation of margin account screening and ongoing monitoring will yield successful outcomes; the degree to which our strategic collaborations with partners will yield successful outcomes; the prospects for China’s high-net-worth and middle-class households; the prospects of equipping our customer specialists with new technology, tools and financial knowledge; wavering investor confidence that could impact our business; and possible non-cash goodwill, intangible assets and investment impairments may adversely affect our net income. Furthermore, we have recurring losses from operation and inability to generate sufficient cash flow to meet our obligation and sustain our operations and face uncertainty as to the operation impact of the COVID-19 outbreak, that raise substantial doubt about our ability to continue as a going concern. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F under "Forward-Looking Information" and "Risk Factors". The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For more information, please contact:

China Finance Online
+86-10-8336-3100
ir@jrj.com

Kevin Theiss
Awaken Advisors
(212) 521-4050
kevin@awakenlab.com

Related Links :

http://www.jrj.com

PR Newswire

Moving Towards a Sustainable and Innovative Future at the Huawei Digital Power Summit 2021 Singapore

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With carbon neutrality at the core of sustainability efforts, Huawei takes the lead by bringing together top experts in the industry in anticipation of the future.

SINGAPORE, Aug. 27, 2021 — Aiming to secure the future of innovation and sustainability, Huawei International continues to cement its position as a leader in building a greener, better, and smarter world.

On 27 August, the company gathered the sharpest minds and impactful voices at Huawei Digital Power Summit 2021 Singapore to engage in conversations on creating a future where energy and technological innovation go hand in hand to create a sustainable ecosystem.

Mr Foo Fang Yong, CEO of Huawei International, said, "Huawei will mark its 20th anniversary in Singapore with core products and initiatives designed to push industry standards, systems integration, and more."

The Carbon Neutral Movement

For everyday consumers, telecom operators, and government and industry partners worldwide, Huawei International is introducing a cohesive approach in all facets of business, with an increased focus on enhancing information transmission, processing, storage, learning, and distribution, building a collaborative ecosystem around the world.

At every touchpoint, the possibility of improvement in the name of green innovation can and will be explored, allowing the reality of a truly sustainable and carbon-neutral future to be realised.

Working towards the Singapore Green Plan 2030, business frameworks need to be reassessed and aligned with industry-wide sustainability goals to build a zero-carbon smart ecosystem.

Forward With Singapore

Mr Terry Gao, Managing Director of Huawei Digital Power Singapore, shared: Like many nations across the globe, Singapore has outlined its future roadmap towards net-zero emissions, and Huawei’s commitment to energy transformation will play a pivotal role.

A significant component of this transformation is made possible with digitalisation. For digitisation to be successful, we need more efficient data centres to be powered sufficiently and reliably. The establishing of Huawei Digital Power will allow Singapore to push ahead with more support as power digitalisation takes shape.

The new drivers, energy structure transformation and zero/low-carbon industries, will add to economic growth in the coming years. Clean power generation, electric transportation, and greener ICT infrastructure are ways the company can drive innovation and transformation.

An increased rate of innovation will allow various sustainable approaches to be adapted to suit the growing requirements; coupled with the age-old "business versus cost" dilemma, smart and cost-effective procurements are the way forward.

Embracing the Future Together

True to the collaborative nature of how Huawei is approaching this monumental task, the Huawei Digital Power Summit 2021 Singapore allowed opinion leaders and foremost experts to convene and take on the challenge of energy innovation together.

With Singapore growing to be a force to reckon with globally across all industries, including the renewable energy sector, With Singapore growing to be a force to be reckoned with globally across all sectors, including the renewable energy sector.

An innovative yet sustainable future is within reach—however, the time to act is now.

About Huawei

Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have more than 197,000 employees, and we operate in more than 170 countries and regions, serving more than three billion people worldwide.

For more information, please visit Huawei online at www.huawei.com or follow us on:

http://www.linkedin.com/company/Huawei
http://www.twitter.com/Huawei
http://www.facebook.com/Huawei 
http://www.youtube.com/Huawei

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https://www.huawei.com/

PR Newswire

Bulletin from AB Electrolux Extraordinary General Meeting

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STOCKHOLM, Aug. 27, 2021 — Due to the risk of the spread of COVID-19 and the authorities’ regulations and advice the Extraordinary General Meeting ("EGM") was carried out solely through advance voting (so-called postal voting) pursuant to temporary legislation.

The EGM resolved on an automatic share redemption procedure, including a 2:1 share split, a reduction of the share capital by redemption of shares, and an increase of the share capital by way of a bonus issue. The procedure means that a total of SEK 4,886 m will be distributed to the shareholders, which corresponds to SEK 17.00 per share.

The record date for share split and receipt of redemption shares will be October 5, 2021. Trading in the redemption shares is estimated to take place as from October 6, 2021 up to October 22, 2021. The record date for receiving the redemption amount will be October 25, 2021, whereby payment of the redemption amount is expected to be executed by Euroclear Sweden on October 28, 2021.

Full details on the proposals adopted by the EGM can be downloaded here.

CONTACT:

For further information, please contact:

Electrolux Press Hotline, +46 8 657 65 07

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/electrolux/r/bulletin-from-ab-electrolux-extraordinary-general-meeting,c3402394

The following files are available for download:

https://mb.cision.com/Main/1853/3402394/1460102.pdf

Pressrelease – Bulletin from AB Electrolux Extraordinary General Meeting August 27 2021
PR Newswire

2021 UnionPay Study Shows More Consumers are Adopting Mobile Payments Compared to 2018

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SINGAPORE, Aug. 27, 2021 — According to UnionPay’s Cashless Payment Adoption Study conducted from January to February 2021, almost three in four (74%) local residents surveyed used mobile wallet to make QR Code payment at least once in the past six months. This was a 7% increase from UnionPay’s last survey on cashless payment in September 2018, whereby 67% said they used their mobile wallet to make QR Code payments.

Top 5 Most Often Used Payment Methods (%)
in the Past 6 Months

The UnionPay online survey on Cashless Payment Adoption was conducted by Nielsen, with over 1,200 Singapore residents aged 18 to 55 from January to February 2021. Those surveyed cited convenience, rewards, cashback, and discounts as the main reasons for using mobile wallets.


In the absence of card, categories where mobile wallets are ranked in the top 5 preferred payment methods include F&B, supermarkets, entertainment outlets, convenience stores and departmental stores. The survey results also showed that DBS PayLah!, Google Pay and GrabPay are the top three mobile wallet apps with the highest consumer awareness, and most often used. 

"With the government’s push to encourage QR Code payment at everyday usage scenarios like hawker centres, we had expected a bigger increase in mobile wallet adoption compared to 2018. However, with locals getting used to scanning QR Code everywhere they visit, coupled with more choices for QR Code payment applications and wider merchant acceptance, we believe that more consumers will embrace mobile wallets for payment," said Huiming Cai, General Manager, UnionPay International South East Asia. 


Credit card remained the most often used (47%) payment instrument among those surveyed, with Debit card (18%) and mobile wallet (13%) a distant second and third.

Non-Mobile Wallet Users: Security Remains The Top Concern

Among non-users of mobile wallets who are also not open/interested to use mobile wallets in the future, 61% cited security and concerns of safeguarding personal information by merchants, mobile phones manufacturer and mobile wallet apps as the key factors discouraging them from using this payment mode.


For mobile wallet users, the top five challenges mentioned are the hassle of topping up wallet (39%), merchants’ non-acceptance (38%), phone could not read QR Code (30%), slow internet connection interrupting the transactions (26%) and security concerns (23%).

UnionPay’s Role in Promoting Secure Mobile Payment and
Building a More Inclusive Cashless Society

Huiming Cai said "It is crucial to take collective steps to address consumers’ concerns about mobile wallets payment security as we continue to accelerate Singapore’s journey towards a cashless society. UnionPay works closely with mobile wallet providers to ensure that consumers’ QR Code payment transactions are safe and secured. In addition, UnionPay’s QR Code uses the EMV specification which is in line with global payment security standards. As a leader in enabling QR Code for payment globally, UnionPay QR Code acceptance has expanded to over 30 million merchants around the world. With the current safe distancing measures in place, I believe more consumers and merchants will adopt contactless payment. Our continuous push to encourage usage of QR Code payment will play an important role in promoting a more hygienic and inclusive cashless environment as QR Code payment can be adopted quickly and easily."

In Singapore, UnionPay QR Code payment is enabled at hawker centres and popular merchants such as Dian Xiao Er, Heytea, i.Jooz vending machines, Jumbo Seafood Restaurant, Old Chang Kee and more. Consumers can use the AP-1 app (membership fees apply), Bank of China app, Industrial and Commercial Bank of China app and Nestia app to make UnionPay QR Code payment.

About UnionPay Payments Adoption Study

The UnionPay Payments Adoption Study was conducted by Nielson from January to February 2021 with 1,202 local residents including Singapore citizens, permanent residents, E/S Pass holders with representation from the age group of 18 – 24 years old (9%), 25 – 34 years old (26%), 35 – 44 years old (33%) and 45 – 55 years old (32%) with 45% male and 55% female.

About UnionPay International

UnionPay International (UPI) focuses on the international business of UnionPay. In partnership with more than 2400 institutions worldwide, UPI has enabled card acceptance in 180 countries and regions with issuance in 70 countries and regions. UPI provides high quality, cost effective and secure cross-border payment services to the world’s largest Cardholder base and ensures convenient local services to a growing number of global UnionPay Cardholders and merchants.

In Southeast Asia, UPI has enabled ATM, POS acceptance and card issuance across all 10 countries. In Singapore, UPI partners Bank of China (BOC), DBS Bank, Industrial and Commercial Bank of China (ICBC) and United Overseas Bank (UOB) to provide a wide array of payment products and services. Local residents can download the AP-1 app (membership fees apply), BOC app, ICBC app and Nestia app to make UnionPay QR Code payment.

For more information, visit www.unionpayintl.com/sg/info

Related Links :

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PR Newswire

UnionPay Provides Tuition Fee Payment Refund to Encourage International Students to Pay Online and Stay Safe

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SYDNEY, Aug. 27, 2021 — In response to the back-to-school season, UnionPay International ("UPI"), a leading global payment services provider, has launched a campaign offering a refund of AUD 68 for tuition fee payments over AUD 6,800 to Australian universities.

The campaign runs from July 16 to October 31, 2021, and students can simply use the "Australia Payment" service in the UnionPay App to pay and claim refunds. Cardholders with the same device, ID, phone number, or bank card can only redeem the refund once. For more details, please visit here. Besides tuition fees, UPI cardholders can also pay utilities, car rego, fines, and government rates here.

As many international students are unable to return to campus or even unable to travel to Australia, this campaign offers an alternative and effective way to pay their tuition fees and encourages staying safe during the pandemic. Since the campaign went live on July 16, UPI has experienced a surge of 269% in transaction volume during the first two weeks.

For some cardholders that are unable to travel to Australia to attend lectures, they can pay remotely with automatic conversion using UnionPay’s official real-time exchange rate.

"Partnering with local finance institutes ChinaPayments and BPAY, the cooperation was first introduced in 2020, and soon received highly positive feedback. Now with new school year starting, we are happy to launch a refund campaign to encourage students to make their payments safer and more convenient," said Jian Jiangtao, head of UnionPay International South Pacific Branch.

UPI will continue to gain insights into market changes, respond to the emerging needs of the Australian market, extend partnerships with local institutes, and promptly launch campaigns and offerings that meet the increasing demands for its cardholders.

About UnionPay International

UnionPay International (UPI) is focused on the growth and support of UnionPay’s global business. In partnership with more than 2400 institutions worldwide, UnionPay International has enabled card acceptance in 180 countries and regions with issuance in 70 countries and regions, covering over 63 million merchants. UnionPay International provides high quality, cost effective and secure cross-border payment services to the world’s largest cardholder base and ensures convenient local services to a growing number of global UnionPay cardholders and merchants.

Related Links :

http://www.unionpayintl.com

PR Newswire

LittleLives and Global Embassy Partner to Instill Digital Transformation in Schools

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HO CHI MINH CITY, Vietnam, Aug. 27, 2021 — LittleLives, a school management system based in Singapore continues to partner with various organisations around the world to provide value and services to its schools and stakeholders. A key enabler of these capabilities is a strategic partnership with Global Embassy, an organisation consisting of a network of education professionals to empower schools to engage with digital transformation, enhance the quality of education and improve the welfare of teachers, parents and students.

With the ongoing lockdowns in countries such as Malaysia and Vietnam, LittleLives has seen a tremendous growth in schools adopting new technologies to help with their operations in the new norm; from attendance taking at home to supporting online learning. With demands from parents to ensure undisrupted learning at home, LittleLives also provided various solutions and resources to enhance home-and-school relationships.

Sharing his vision for the partnership, Arjuna Raj, Chief Strategy Officer of LittleLives said, "We are excited to partner with Global Embassy to assist and digitally transform more schools in Vietnam, and continue to create meaningful partnerships with other companies."

This collaboration also marks a pioneering step in which LittleLives adapts its solutions such as facial recognition technology and multipurpose communications module to accommodate the unique needs and trends in Vietnam schools, but more importantly, creates a platform to further develop the early childhood education in Vietnam for the community to strive in a safe, responsive, resilient and nurturing environment.

As LittleLives continues to grow and produce valuable and cutting-edge technology for schools, it seeks like-minded companies and organisations to help change the way schools operate – to be more adaptable, efficient and effective – yet never neglecting the human touch in operational and administrative processes in schools.

LittleLives Media Contact
Bryan Koh
Partnerships
bryan@littlelives.com
+6010-2202655

About LittleLives
LittleLives is a school management software provider for over 1,400 preschools in 12 countries such as Singapore, Malaysia, Vietnam, China, Indonesia, Brunei, Dubai, Cambodia, Thailand and the Philippines. In 2021, LittleLives expanded its reach to the USA and Dubai, and partnered with DBS to launch a digital cashless payment solution to preschools. Today, we serve over 25,000 educators, 250,000 parents and 180,000 children. LittleLives is currently valued at USD$25 million and plans to increase valuation to USD$100mill by 2024. Learn more at www.littlelives.com.

Related Links :

http://www.littlelives.com

Android, Gaming, Lifestyle, Mobile, News

Netflix Games is Going to Be a Thing – Tests for Android Starts in Poland

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Netflix has pretty much changed the way we consume contents. To be fair, this whole streaming business started becoming a thing when YouTube started blowing up. To be fair to that also, YouTube’s rise to popularity is contributed by the increase in interest with short form contents and independent content creators.

In some sense Netflix’s rise in popularity is a little different than YouTube’s astronomical rise. Of course, Netflix has been in the general entertainment industry for longer than we know them to be the top Over-The-Top (OTT) content streaming service known to man today. Instead of dabbling in independent film makers, Netflix dabbles is offering the big budget film and on-demand TV shows on a single platform. You can watch all that Netflix has to offer in terms of films and TV shows at any time you want and at an affordable price. It did for films what Spotify has done for music. It democratizes big budget contents that were traditionally made for a scheduled TV programme or even the theatres. It put the controls of consuming these contents right in your palms and at home.

Their disruptive business model proves to be a winner with us, the users. Netflix, currently anyway, is still the top performing content streaming platform in the world with a huge global presence. Their success in the world of end-user entertainment platform leads to plenty of “me too” products we see today like Amazon’s Prime Video, Paramount+, HBO Max, and even Disney+.

While Netflix is still the king in content streaming platforms, they want to be more than just providing watched contents. They want to dabble in interactive contents. You can see Netflix experimenting with interactive contents when you look back into Black Mirror: Bandersnatch, a kind of movie where you can decide what your ending would be. It is like playing a game, except you are doing it on your browser and it involves a live-action content.

Black Mirror: Bandersnatch, while a successful endeavour, is a huge undertaking though. It is time consuming to create, it is also complex to work with, which are all usually translated into the final cost of production in terms of currency. There is a cheaper way to do what Netflix wanted to do with Black Mirror: Bandersnatch, create actual games and host them on Netflix itself. That is what they want to do into the future though.

Netflix’s own exclusives have inspired games like Stranger Things 1984 and Stranger Things 3. While they are not strictly games you play on the PC or even a console, they are still games that puts you in the shoes of the main characters imagined from the Netflix exclusive series, ‘Stranger Things’. Yes, we are saying that they are mobile games.

So, Netflix is trying to make games and launch a gaming platform of their own. That is nothing new though. Since Google announced their Stadia platform, their competitors have all been jumping on board and are betting their futures with Cloud Gaming. In other words, everyone wants to get into game streaming, since the gaming industry is on a steady rise. Netflix wants that piece of action too.

Of course, at this time, Netflix has only confirmed that they are going to be integrating mobile games into their platform instead of a whole dive into cloud gaming. In that sense, Netflix Poland has already started testing their gaming platform. The experience, so far, has not been reportedly great though.

You are not accessing a completely different app, which is great news. While you are accessing the Netflix app to get to the games that are on offer though, it is not the third-party app store experience that Netflix wants you to believe at this time. The games that are on offer, at least according to current reports, are the two Stranger Things titles we mentioned earlier. They are not cloud based gaming as well, at this time anyway. You still have to download the games to play the games. Users are also led to the Google Play Store for the games to be downloaded too.

Once downloaded though, the games can only be launched via the Netflix app, which is a little counterintuitive. The games are tied to your Netflix credentials instead of your Google Play credentials though, which kind of makes sense. Reportedly also, the games you play through Netflix will not feature any ads or in-app purchases. Currently also, Netflix is focusing on bringing mobile optimised games on their platform, hence the test starts with smartphones. In some sense, it does sound a lot like Netflix is trying to create a platform that is likened to Apple Arcade. Unlike Apple’s Arcade though, membership is free as long as you have an active subscription with Netflix, for now anyway.

At the time of writing, there are only two game titles available on Netflix’s gaming section. The test is also only currently conducted in Poland with no other regions being confirmed at this time. Netflix also says that the iteration that is being tested in Poland is a very early development. While it does not feature cloud gaming yet at this time, it is not ruled out, at least from our point of view anyway. Still, would you play games on Netflix? Let us know in the comments.

PR Newswire

Mycronic receives order for an SLX system

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STOCKHOLM, Aug. 27, 2021 — Mycronic AB (publ) has received an order for an SLX system from a new customer in Asia. The order value is in the range of USD 4-6 million. Delivery of the system is planned for the third quarter of 2022.

The SLX laser mask writer meets rising demand for photomasks for the semiconductor industry and a future need for replacement and modernization. Photomasks manufactured by laser mask writers are of high importance and account for 70-75 percent of all photomasks produced for semiconductor manufacturing. SLX is a new and modern mask writer based on the same technology as Mycronic’s mask writers for displays.

"The SLX system’s modern design, performance, productivity and reliability provides an attractive solution for customers producing photomasks to the semiconductor industry. This is highlighted when we are entrusted to deliver SLX to a new customer," says Charlott Samuelsson, Sr VP Pattern Generators at Mycronic.

Mycronic provides mask writers for manufacturing photomasks in several fields of application. These include display manufacturing (TVs, smartphones and tablets), production of semiconductors and applications in the multi-purpose market, a broad segment that comprises many different areas of application.

For additional information, please contact:

Charlott Samuelsson
Sr VP Pattern Generators
Tel: +46 70 984 42 82, e-mail: charlott.samuelsson@mycronic.com

Sven Chetkovich
Director Investor Relations
Tel: +46 70 558 39 19, e-mail: sven.chetkovich@mycronic.com

The information in this press release was published on August 27, 2021, at 08:00 a.m. CEST

About Mycronic

Mycronic is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic’s headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, the Netherlands, Singapore, South Korea, United Kingdom and the United States. Mycronic is listed on Nasdaq Stockholm. www.mycronic.com

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https://news.cision.com/mycronic-ab/r/mycronic-receives-order-for-an-slx-system,c3404216

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