Monthly Archives: November 2021

PR Newswire

Cyclone Robotics Launches End-To-End Hyperautomation Product Portfolio to Boost Digital Economy in Asia Pacific, Enabling Automation Across All Stages of Digital Transformation

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SHANGHAI, Nov. 10, 2021 — Cyclone Robotics, the world’s leading RPA provider and thought leader in the era of hyperautomation, launched its enterprise-level product portfolio with end-to-end automation solutions, and announced its expanded global partnership strategy. Strengthened by its product innovation, rich experience in hyperautomation, and extensive global partnership network, Cyclone Robotics aims to fully empower local businesses’ digital transformations across all stages to accelerate the digital economy’s development in Asia Pacific.

Cyclone Robotics’ solutions cover the whole lifecycle of digital transformation including phases of requirements discovery, design, management and engagement, creating a positive feedback loop that accelerates improvements. Furthermore, it integrates with various technologies such as process mining, analysis, AL/ML, iBPMS, iPAAS and zero-code development on the platform, becoming one of the important components of enterprise-level architecture in the digital era.

Cyclone RPA products and solutions run across every stage of digital transformation
Cyclone RPA products and solutions run across every stage of digital transformation

Earlier this year, the world-leading independent research institution Gartner identified hyperautomation as one of the top strategic technology trends of 2022, and noted that RPA enriched by AI has become the core enabling technology of hyperautomation. As an early driver of this trend, Cyclone Robotics recently launched its innovative AI Skill Platform, which supports multiple forms of AI capabilities from software to hardware as well as the CIRI Digital Assistant that seamlessly connects human, digital robot and enterprise system. It is worth mentioning that it also launched RPA Mobile Designer and Mobile App that allow everyone to operate wireless automation process in an easier way.

"As the industry leader driving the future of hyperautomation, Cyclone Robotics has stayed ahead of the trends and invested heavily in product development to provide end-to-end hyperautomation solutions. With better integration between IT and businesses, and a more flexible selection of products, we not only can empower businesses to improve individual task efficiencies, but also provide departmental and enterprise-level RPA solutions for the next stage of their digital transformations as they continue to advance." said Vincent Gao, founder and CEO of Cyclone Robotics.

According to Dr. Jia, Chief Product Officer of Cyclone Robotics, RPA has evolved over the years from its basic stages to the current RPA+, which requires end-to-end process automation capabilities at the departmental level, and will continue to advance to enterprise-level hyperautomation of the future. Cyclone Robotics’ rich experience and practices indicate that enterprises have diverse demands throughout their digital transformation, from very basic applications to more complex challenges. For example, Cyclone Robotics’ partnership with Sinolink Securities, an Asia-Pacific leading securities and investment management firm, has gone through all three RPA stages during its digital transformation journey since 2019. In the beginning, Cyclone Robotics helped launch RPA pilots in some of its business operations that had more informatisation, lower implementation costs, and more frequent standard needs. After Cyclone Robotics’ RPA products and applications were proven successful, Sinolink then began to broadly deploy RPA across the whole company. By 2021, more than 200 RPA operations have been successfully deployed in over 30 departments, achieving 100% execution accuracy with zero errors, 24/7 automated operations, and saving over 6,000 minutes of manpower every day. Moving forward, Cyclone Robotics is working with Sinolink to establish its hyperautomatic middle office with Cyclone Robotics’ recent innovations, such as the aforementioned AI Skill Platform and CIRI. Sinolink can now look forward to more deeply integrated RPA that adds value to its management, business, and collaborations, enabling it to explore more applications for automation.

Gartner also forecasted that the Covid-19 pandemic would fast-forward digital skills adoption by at least five years, which is currently proven by the accelerated digitalisation in Southeast Asia. Automation technologies such as RPA and AI are expected to help address the growing concerns of skills shortage in this region. For example, Singapore, impacted by both Covid-19 restrictions and the government’s hiring policies for foreign skilled workers, is now in heavy demand for tech talents across multiple sectors, especially when it comes to working and managing new technologies. Additionally, other industries like construction, logistics, and manufacturing in Singapore are also seeing rising needs for automation to help them minimise disruption across all aspects of business in the post pandemic recovery.

ASEAN countries including Singapore, Malaysia, Indonesia have all announced their national strategy for digital transformation. Among them, Singapore is considered as "most prepared" for automation according a 2021 Deloitte report. In October 2021, Singapore also announced new phases of the Smart City Initiatives established in 2019 with China (Shenzhen), and highlighted "robotics development" as one of its three key focus areas.

"We are excited to see RPA’s increasing role in helping accelerate digitalisation in this region," said Dr. Jia. "Cyclone Robotics’ newly launched product portfolio is tailored for all types of needs across digital transformation. With a proven track record of success, and with our strong innovation capabilities in AI, MI, and more, we are confident we can propel local companies to become more competitive and prepared for the coming hyperautomation era by fulfilling their all of their business priorities."

Cyclone Robotics has also announced an accelerated global partnership ecosystem to drive business growth, an expanded business chain and scalable partner values. As of now, it already has a large gathering of global partners on the ecosystem, and has tripled its channel partners. Just months after opening its Singapore branch earlier this year, Cyclone Robotics has successfully signed a number of local partnerships with different expertise across countries and regions, including Singapore, Malaysia, Thailand, Indonesia, and Taiwan. "We are encouraged to see so many partnerships formed in SEA shortly after opening our office here. Alongside our new service offering, this rapid expansion of our global partnership network will allow us to empower partners through the ecosystem, and provide efficient on-boarding and responsive services, thereby improving our overall service delivery capabilities," said Dr. Jia. "We look forward to welcoming more partners from all regions into our global ecosystem, through which we’ll provide further localised, professional and tailored offerings, from advisory to solutions, for all types of enterprises throughout their digital transformation journey."

About Cyclone Robotics

Cyclone Robotics completed its Series B in 2020, raising nearly $40 million USD. The team grew from 20 employees in 2019 to 400 members currently across 13 subsidiaries and branches around the world, serving over 500 global customers across Asia Pacific, Europe, and the Middle East. In early 2021, Cyclone Robotics established its Singapore branch, covering Southeast Asia, Japan, the Middle East, Australia and New Zealand to empower companies across all industries to realize digital transformation with its full RPA products & services portfolio. To date, Cyclone Robotics is the only RPA provider in China to have been included in the authoritative reports published by both Gartner and Forrester. The firm is committed to maintaining and growing its position as a world-leading RPA provider and thought leader in the era of hyperautomation.

PR Newswire

Webull Financial Donates Brooklyn Nets Tickets to DozenS of New York-Based Community Organizations

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Donation of 8,000 Tickets Follows Announcement of Multi-Year Partnership Between Webull and the Nets

NEW YORK, Nov. 10, 2021 — Webull Financial LLC, an independent, self-directed broker-dealer focused on zero-commission trading and in-depth market data, donated more than 8,000 tickets to the first eight Brooklyn Nets home games this season to dozens of New York-based community organizations, including Sheltering Arms and Lutheran Social Services of New York. The tickets were distributed to children and their families, as well as non-profit employees.

"Giving back to the New York community is a very important aspect of our company’s mission," said Anthony Denier, CEO of Webull. "Seeing the joy and appreciation of these individuals is a good reminder of what really matters. We’re extremely grateful for the ability to provide these tickets."

Logan, a member of Sheltering Arms who received tickets, said, "This was a great opportunity to introduce the game of basketball to our nephew, Milan. We always play ball in the park but now Milan had a chance to see what hard work and determination can help him achieve if he takes basketball seriously."

"The majority of our staff are essential workers and going to the game is an opportunity many of our participants might not have otherwise experienced," said Rachel Bleecker, Executive Director at the Lutheran Social Services of New York. "Together, we got to put smiles on the faces of many deserving folks."

Webull announced its multi-year partnership with the Nets, the New York Liberty, and affiliated organizations in September. The company is the Official Patch Partner of the Nets and was recognized at center court prior to the team’s home opener on Oct. 24 at Barclays Center.

For more information on Webull and its offerings, visit www.webull.com.

About Webull Financial 

Webull Financial LLC is a broker-dealer registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). The headquarters of Webull Financial LLC is located at 44 Wall Street, New York, NY, USA.

 

Related Links :

http://www.webull.com

Accessories, Mobile, News

JBL Celebrates 75 Years by Launching the Tour ONE and Tour Pro+ TWS Noise Cancelling Headphones

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Plenty of companies celebrate their significant milestone with special edition products. It is quite normal that you get an anniversary edition of things, especially in the world of gadgets. What do you mean why? You get anniversary version of cars, why not tech?

Not too many celebrate their major anniversary by launching a product though, JBL is one of those companies. This year JBL celebrates their 75th year in business. While they might not have existed quite as long as some audiophile brands, 75 years in the industry is a long time. This is also in consideration that some of the players in the audio industry have just started dabbling in high-end audio in the last five years or even less.

Of course, having 75 years of experience in the industry, JBL is one of the foremost brands in the audio industry. In fact, they make some of the best and most value-for-money production level gear. They really know a thing or two when it comes to making audiophile stuff then.

To celebrate their 75 years in the industry, they launched two new high-end noise-cancelling wireless headphones, very fitting. They launched one JBL Tour ONE and one JBL Tour Pro+ TWS in Malaysia. As per their name, they are part of JBL’s Tour series of audio gear.

JBL Tour ONE

  • JBL Tour ONE Image 1
    Source: JBL
  • JBL Tour ONE Image 3
    Source: JBL
  • JBL Tour ONE Image 2
    Source: JBL

This one will set you back MYR 1,699, about the same as the Sony WH-1000XM4 currently. In that sense, it goes up against one of the best in the business. You are going to ask the question; “why should I get this one instead of the Sony?”

The JBL Tour ONE offers what JBL calls the True Adaptive Noise Cancellation technology. The headphone cleverly monitors environmental sounds and automatically determines the amount of noise cancellation that needs to be pumped into your ears. You can even turn on the feature even if your headphone was not connected to your smartphone device. They call the feature SilentNow and you can just turn off the world with the feature.

The JBL Tour ONE is not just a one trick pony though. The JBL Pro Sound tuned driver features HARMAN’s clever Smart Audio Mode that switches your headphone’s audio profile according to what you are using your headphone for. The system will optimise the connection for either “normal listening”, “music mode”, or “video mode”. In “music mode”, the headphones automatically increase the fidelity of music for your enjoyment. Obviously, latency suffers and therefore watching videos with it might be less than ideal. In “video mode” then, latency is prioritised and minimised.

Battery life is not bad too. You get up to 25 hours of battery life with Noise Cancelling function on. Without Noise Cancelling, you double the battery life. If you run out of battery, a 10-minute charge gives you up to two hours of playback time.

JBL Tour Pro+ TWS

  • JBL Tour Pro TWS Image 1
    Source: JBL
  • JBL Tour Pro TWS Image 2
    Source: JBL
  • JBL Tour Pro TWS Image 3
    Source: JBL

For a more active lifestyle, an over-ear headphone may not be the most suitable tool you want to carry in your gearbag. You need something light, something portable, and quick to deploy. You want the JBL Tour Pro+ TWS headphones.

True to its name, it is a compact true wireless earbuds package that fits in your pocket like it belongs there. The 6.9mm dynamic drivers ensures that the small package can deliver big sounds though. All of that while still offering up to 30 hours in playback time (up to 6 hours on a single charge with Active Noise Cancelling on, 8 hours without Noise Cancelling). When you run out, you can simply put it on a wireless charging pad and quickly charge it. Either that or plug a USB Type-C charging chord to it and get one hour of playback time in just 10 minutes.

The JBL Tour Pro+ TWS also comes with Adaptive Noise Cancelling technology that either cancels out noise completely or lets noise in to your ears when you need to stay aware of the situation around you. Of course, the 3-mic beamforming technology mics that are on the earbuds also acts as the microphones for voice calls or voice chats. At the same time, Dual Connect + Sync also allows you to choose whether or not you pick up your calls and play music with either side of your earbuds. Fast Pair allows your Android device to quickly connect to the TWS headphones with no fuss. Of course, it is IPX4 rated, so you can take it to the gym and it is ready for the weather at least.

Prices and Availability

Both the JBL Tour ONE and Tour Pro+ TWS are now available via JBL’s own online store and official retail partners including Shopee and Lazada. The JBL Tour ONE headphone will set you back MYR 1,699 as per mentioned. The JBL Tour Pro+ TWS on the other hand will set you back MYR 1,099. Unfortunately, unlike plenty of JBL’s products, there are no colour choices on this one. More information on the JBL Tour ONE and JBL Tour Pro+ TWS can be found on JBL’s website.

PR Newswire

HUYA Inc. Reports Third Quarter 2021 Unaudited Financial Results

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GUANGZHOU, China, Nov. 9, 2021 — HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2021.

Third Quarter 2021 Highlights

  • Total net revenues for the third quarter of 2021 increased by 5.7% to RMB2,975.5 million (US$461.8 million), from RMB2,814.8 million for the same period of 2020.
  • Net income attributable to HUYA Inc. was RMB524.4 million (US$81.4 million) for the third quarter of 2021, compared with RMB253.0 million for the same period of 2020.
  • Non-GAAP net income attributable to HUYA Inc.[1] was RMB180.0 million (US$27.9 million) for the third quarter of 2021, compared with RMB361.2 million for the same period of 2020.
  • Average mobile MAUs[2] of Huya Live in the third quarter of 2021 increased by 14.7% to 85.1 million, from 74.2 million in the same period of 2020.
  • Total number of paying users[3] of Huya Live in the third quarter of 2021 reached 6.0 million, compared with 6.0 million in the same period of 2020.

"During the recent summer period, we saw robust growth in mobile users based on our comprehensive content offerings, strong operational capabilities and continued promotion efforts. Huya Live’s average mobile MAUs reached 85.1 million in the third quarter of 2021, representing a year-over-year increase of 14.7% and a quarter-over-quarter increase of 9.7%," said Mr. Rongjie Dong, Chief Executive Officer of Huya. "In light of the dynamic business environment, reinforcing our competitive advantages is pivotal to our continuing success. In this spirit, we will strive to promote new game launches, further enrich our content library, and advance product and service upgrades through innovation to meet diverse user demands as we continue to ensure a great user experience."

Ms. Ashley Xin Wu, Vice President of Finance of Huya, commented, "We continued our sustained growth pathway in the third quarter by achieving 5.7% year-over-year top-line growth. And, against the backdrop of an evolving landscape, we strengthened our investment in quality content and content creators to cement our leading market position. Going forward, we will remain dedicated to driving user growth, improving monetization and enhancing our ecosystem."

[1] "Non-GAAP net income attributable to HUYA Inc." is defined as net income attributable to HUYA Inc. before share-based compensation expenses, and gain on fair value change and disposal of equity investments, net of income taxes. For more information, please refer to "Use of Non-GAAP Financial Measures" and "Reconciliations of GAAP and Non-GAAP Results" at the end of this press release.

[2] Refers to average monthly active users on mobile apps. Average mobile MAUs for any period is calculated by dividing (i) the sum of active users on the mobile apps for each month during such relevant period, by (ii) the number of months during such relevant period.

[3] Refers to the sum of user accounts that purchased various products and services on our platform at least once during such relevant period.

Third Quarter 2021 Financial Results

Total net revenues for the third quarter of 2021 increased by 5.7% to RMB2,975.5 million (US$461.8 million), from RMB2,814.8 million for the same period of 2020.

Live streaming revenues decreased by 2.1% to RMB2,601.9 million (US$403.8 million) for the third quarter of 2021, from RMB2,657.2 million for the same period of 2020, primarily due to lower average spending per paying user on Huya Live.

Advertising and other revenues increased by 137.1% to RMB373.7 million (US$58.0 million) for the third quarter of 2021, from RMB157.6 million for the same period of 2020, primarily driven by the revenues from licensing of content.

Cost of revenues increased by 12.6% to RMB2,471.5 million (US$383.6 million) for the third quarter of 2021 from RMB2,194.3 million for the same period of 2020, primarily due to the increase in revenue sharing fees and content costs.

Revenue sharing fees and content costs increased by 16.3% to RMB2,123.6 million (US$329.6 million) for the third quarter of 2021 from RMB1,826.7 million for the same period of 2020, primarily due to the increase in revenue sharing fees in relation to certain broadcaster incentive programs, and the increase in spending on e-sports content and content creators.

Bandwidth costs decreased by 14.2% to RMB178.0 million (US$27.6 million) for the third quarter of 2021 from RMB207.6 million for the same period of 2020, primarily due to improved bandwidth cost management and continued technology enhancement efforts.

Gross profit decreased by 18.8% to RMB504.0 million (US$78.2 million) for the third quarter of 2021 from RMB620.6 million for the same period of 2020, primarily due to the increased cost of revenues driven by higher revenue sharing fees and content costs. Gross margin was 16.9 % for the third quarter of 2021, compared with 22.0% for the same period of 2020.

Research and development expenses increased by 12.9% to RMB206.2 million (US$32.0 million) for the third quarter of 2021 from RMB182.7 million for the same period of 2020, primarily due to increased personnel-related expenses.

Sales and marketing expenses increased by 59.5% to RMB229.4 million (US$35.6 million) for the third quarter of 2021 from RMB143.8 million for the same period of 2020, primarily due to increased marketing expenses to promote the Company’s content, products, services and brand name, particularly including promotional activities for e-sports events and cooperation with various marketing channels during the summer vacations.

General and administrative expenses decreased by 32.6% to RMB80.1 million (US$12.4 million) for the third quarter of 2021 from RMB118.7 million for the same period of 2020, primarily due to lower share-based compensation expenses.

Operating income decreased by 62.7% to RMB83.1 million (US$12.9 million) for the third quarter of 2021 from RMB222.9 million for the same period of 2020. Operating margin was 2.8% for the third quarter of 2021, compared with 7.9% for the same period of 2020.

Interest and short-term investments income were RMB62.6 million (US$9.7 million) for the third quarter of 2021, compared with RMB75.9 million for the same period of 2020, primarily due to decreased interest rates.

Income tax expenses decreased by 19.9% to RMB40.6 million (US$6.3 million) for the third quarter of 2021 from RMB50.7 million for the same period of 2020.

Share of income in equity method investments, net of income taxes was RMB378.7 million (US$58.8 million) for the third quarter of 2021, compared with RMB0.2 million for the same period of 2020, primarily due to the investment income related to a disposal of equity investment.

Net income attributable to HUYA Inc. for the third quarter of 2021 was RMB524.4 million (US$81.4 million), compared with RMB253.0 million for the same period of 2020.

Non-GAAP net income attributable to HUYA Inc. for the third quarter of 2021, which excludes share-based compensation expenses, and gain on fair value change and disposal of equity investments, net of income taxes, was RMB180.0 million (US$27.9 million), compared with RMB361.2 million for the same period of 2020.

Diluted net income per American depositary share ("ADS") was RMB2.17 (US$0.34) for the third quarter of 2021, compared with RMB1.05 for the same period of 2020. Each ADS represents one Class A ordinary share of the Company.

Non-GAAP diluted net income per ADS was RMB0.75 (US$0.12) for the third quarter of 2021, compared with RMB1.50 for the same period of 2020.

As of September 30, 2021, the Company had cash and cash equivalents, short-term deposits and short-term investments of RMB11,119.6 million (US$1,725.7 million), compared with RMB10,738.2 million as of June 30, 2021, primarily due to a cash inflow from a disposal of equity investment.

Conference Call

The Company’s management will host an earnings conference call at 7:00 a.m. U.S. Eastern Time on November 9, 2021 (8:00 p.m. Beijing/Hong Kong time on November 9, 2021).

For participants who wish to join the call, please complete online registration using the link provided below 20 minutes prior to the scheduled call start time. Upon registration, participants will receive the conference call access information, including dial-in numbers, Direct Event passcode, a unique registrant ID and an e-mail with detailed instructions to join the conference call.

Participant Online Registration: http://apac.directeventreg.com/registration/event/4691866

After registration is complete, please dial-in 10 minutes before the scheduled start time of the earnings call and enter the Direct Event passcode and registrant ID as instructed to connect to the call.

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

A replay of the conference call will be accessible approximately two hours after the conclusion of the live call until November 16, 2021, by dialing the following telephone numbers:

United States:

+1-646-254-3697

International:

+61-2-8199-0299

Hong Kong, China:

+852-3051-2780

Replay Access Code:

4691866

About HUYA Inc.

HUYA Inc. is a leading game live streaming platform in China with a large and active game live streaming community. The Company cooperates with e-sports event organizers, as well as major game developers and publishers, and has developed e-sports live streaming as one of the most popular content genres on its platform. The Company has created an engaged, interactive and immersive community for game enthusiasts of China’s young generation. Building on its success in game live streaming, Huya has also extended its content to other entertainment content genres. Huya’s open platform also functions as a marketplace for broadcasters and talent agencies to congregate and closely collaborate with the Company.

Use of Non-GAAP Financial Measures

The unaudited condensed consolidated financial information is prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), except that the consolidated statement of changes in shareholders’ equity, consolidated statements of cash flows, and the detailed notes have not been presented. Huya uses non-GAAP gross profit, non-GAAP operating income, non-GAAP net income attributable to HUYA Inc., non-GAAP net income attributable to ordinary shareholders, and non-GAAP basic and diluted net income per ADS, which are non-GAAP financial measures. Non-GAAP gross profit is gross profit excluding share-based compensation expenses allocated in cost of revenues. Non-GAAP operating income is operating income excluding share-based compensation expenses. Non-GAAP net income attributable to HUYA Inc. is net income attributable to HUYA Inc. excluding share-based compensation expenses, and gain on fair value change and disposal of equity investments, net of income taxes. Non-GAAP net income attributable to ordinary shareholders is net income attributable to ordinary shareholders excluding share-based compensation expenses, and gain on fair value change and disposal of equity investments, net of income taxes. Non-GAAP basic and diluted net income per ADS is non-GAAP net income attributable to ordinary shareholders divided by weighted average number of ordinary shares used in the calculation of non-GAAP basic and diluted net income per ADS. The Company believes that separate analysis and exclusion of the impact of (i) share-based compensation expenses, and (ii) gain on fair value change and disposal of equity investments, net of income taxes add clarity to the constituent parts of its performance. The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measure for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measure is useful supplemental information for investors and analysts to assess its operating performance without the effect of (i) share-based compensation expenses, which have been and will continue to be significant recurring expenses in its business, and (ii) gain on fair value change and disposal of equity investments, net of income taxes, which both may recur when there is observable price change in the future. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company’s net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP.

The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned "HUYA Inc. Reconciliations of GAAP and Non-GAAP Results" at the end of this announcement.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.4434 to US$1.00, the noon buying rate in effect on September 30, 2021, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the Renminbi or U.S. dollars amounts referred to in this announcement could have been or could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. 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, the business outlook and quotations from management in this announcement, as well as Huya’s strategic and operational plans, contain forward-looking statements. Huya may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Huya’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Huya’s goals and strategies; Huya’s future business development, results of operations and financial condition; the expected growth of the game live streaming market; the expectation regarding the rate at which to gain active users, especially paying users; Huya’s ability to monetize the user base; Huya’s efforts in complying with applicable data privacy and security regulations; fluctuations in general economic and business conditions in China; the impact of the COVID-19 to Huya’s business operations and the economy in China and elsewhere generally; any regulatory developments in laws, regulations, rules, policies or guidelines applicable to Huya; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Huya’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Huya does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com

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

In the United States:

The Piacente Group, Inc. 
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com

 

 

 

HUYA INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, except share, ADS, per share data and per ADS data)

As of December 31,

As of September 30,

2020

2021

2021

RMB

RMB

US$

Assets

Current assets

Cash and cash equivalents

3,293,573

3,103,779

481,699

Restricted cash

164,889

2,741

425

Short-term deposits

5,974,790

7,006,098

1,087,329

Short-term investments

1,206,539

1,009,720

156,706

Accounts receivable, net

71,237

74,692

11,592

Amounts due from related parties, net

64,802

211,301

32,793

Prepayments and other current assets, net

495,108

934,951

145,102

Total current assets

11,270,938

12,343,282

1,915,646

Non-current assets

Deferred tax assets

48,313

26,451

4,105

Investments

467,206

582,213

90,358

Property and equipment, net

94,555

82,438

12,794

Intangible assets, net

62,796

90,717

14,079

Right-of-use assets, net

87,418

404,929

62,844

Prepayments and other non-current assets

379,461

150,542

23,364

Total non-current assets

1,139,749

1,337,290

207,544

Total assets

12,410,687

13,680,572

2,123,190

Liabilities and shareholders’ equity

Current liabilities

Accounts payable

10,083

18,918

2,936

Advances from customers and deferred revenue

485,878

399,607

62,018

Income taxes payable

56,861

74,613

11,580

Accrued liabilities and other current liabilities

1,707,289

1,759,490

273,066

Amounts due to related parties

95,457

333,812

51,807

Lease liabilities due within one year

29,227

36,812

5,713

Total current liabilities

2,384,795

2,623,252

407,120

Non-current liabilities

Lease liabilities

57,620

51,216

7,949

Deferred tax liabilities

13,350

4,597

713

Deferred revenue

178,144

145,174

22,531

Total non-current liabilities

249,114

200,987

31,193

Total liabilities

2,633,909

2,824,239

438,313

 

 

 

HUYA INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(All amounts in thousands, except share, ADS, per share data and per ADS data)

As of December 31,

As of September 30,

2020

2021

2021

RMB

RMB

US$

Shareholders’ equity

Class A ordinary shares (US$0.0001 par value;
    750,000,000 shares authorized as of December
    31, 2020 and September 30, 2021, respectively; 
    83,490,841 and 86,195,765 shares issued and
    outstanding as of December 31, 2020 and
    September 30, 2021, respectively)

55

56

9

Class B ordinary shares (US$0.0001 par value;
    200,000,000 shares authorized as of December
    31, 2020 and September 30, 2021, respectively; 
    152,357,321 and 151,136,517 shares issued and 
    outstanding as of December 31, 2020 and
    September 30, 2021, respectively)

100

100

16

Additional paid-in capital

11,465,575

11,688,697

1,814,057

Statutory reserves

122,429

122,429

19,001

Accumulated deficit

(1,883,643)

(987,475)

(153,254)

Accumulated other comprehensive income

72,262

32,526

5,048

Total shareholders’ equity

9,776,778

10,856,333

1,684,877

Total liabilities and shareholders’ equity

12,410,687

13,680,572

2,123,190

 

 

 

HUYA INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

 (All amounts in thousands, except share, ADS, per share data and per ADS data)

Three Months Ended

Nine Months Ended

September 30,
2020

June 30,
2021

September 30,
2021

September 30,
2021

September 30,
2020

September 30,
2021

September 30,
2021

RMB

RMB

RMB

US$

RMB

RMB

US$

Net revenues

Live streaming

2,657,208

2,579,178

2,601,854

403,801

7,496,755

7,573,307

1,175,359

Advertising and others

157,632

383,197

373,692

57,996

427,277

969,398

150,448

Total net revenues

2,814,840

2,962,375

2,975,546

461,797

7,924,032

8,542,705

1,325,807

Cost of revenues(1)

(2,194,263)

(2,381,056)

(2,471,536)

(383,576)

(6,253,627)

(6,943,488)

(1,077,612)

Gross profit

620,577

581,319

504,010

78,221

1,670,405

1,599,217

248,195

Operating expenses(1)

Research and development expenses

(182,683)

(207,899)

(206,203)

(32,002)

(518,597)

(613,173)

(95,163)

Sales and marketing expenses

(143,846)

(167,045)

(229,404)

(35,603)

(364,902)

(541,034)

(83,967)

General and administrative expenses

(118,741)

(72,130)

(80,073)

(12,427)

(348,953)

(236,294)

(36,672)

Total operating expenses

(445,270)

(447,074)

(515,680)

(80,032)

(1,232,452)

(1,390,501)

(215,802)

Other income, net

47,613

47,643

94,804

14,713

99,650

218,415

33,897

Operating income

222,920

181,888

83,134

12,902

537,603

427,131

66,290

Interest and short-term investments income

75,919

57,729

62,561

9,709

239,373

185,420

28,777

Gain on fair value change of investments

–

3,593

40,568

6,296

2,160

44,161

6,854

Other non-operating expenses

–

–

–

–

(10,010)

–

–

Foreign currency exchange gains (losses), net

4,677

722

(31)

(5)

2,277

(1,569)

(244)

Income before income tax expenses

303,516

243,932

186,232

28,902

771,403

655,143

101,677

Income tax expenses

(50,657)

(58,291)

(40,577)

(6,297)

(139,499)

(138,278)

(21,460)

Income before share of income (loss) in
      equity method investments, net of
      income taxes

252,859

185,641

145,655

22,605

631,904

516,865

80,217

Share of income (loss) in equity method
      investments, net of income taxes

154

610

378,724

58,777

(907)

379,303

58,867

Net income attributable to HUYA Inc.

253,013

186,251

524,379

81,382

630,997

896,168

139,084

Net income attributable to ordinary
     shareholders

253,013

186,251

524,379

81,382

630,997

896,168

139,084

 

 

 

HUYA INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (CONTINUED)

 (All amounts in thousands, except share, ADS, per share data and per ADS data)

Three Months Ended

Nine Months Ended

September 30,
2020

June 30,
2021

September 30,
2021

September 30,
2021

September 30,
2020

September 30,
2021

September 30,
2021

RMB

RMB

RMB

US$

RMB

RMB

US$

Net income per ADS*

—Basic

1.10

0.78

2.20

0.34

2.82

3.77

0.58

—Diluted

1.05

0.77

2.17

0.34

2.65

3.71

0.58

Net income per ordinary share

—Basic

1.10

0.78

2.20

0.34

2.82

3.77

0.58

—Diluted

1.05

0.77

2.17

0.34

2.65

3.71

0.58

Weighted average number of ADS used in
     calculating net income per ADS

—Basic

230,554,718

238,105,367

238,814,217

238,814,217

224,053,176

237,848,772

237,848,772

—Diluted

240,474,833

241,536,071

241,449,111

241,449,111

237,807,379

241,774,727

241,774,727

* Each ADS represents one Class A ordinary share

(1) Share-based compensation was allocated in cost of revenues and operating expenses as follows:

Three Months Ended

Nine Month Ended

September 30,
2020

June 30,
2021

September 30,
2021

September 30,
2021

September 30,
2020

September 30,
2021

September 30,
2021

RMB

RMB

RMB

US$

RMB

RMB

US$

Cost of revenues

17,352

12,969

11,883

1,844

47,939

41,473

6,437

Research and development expenses

42,552

32,226

34,720

5,388

114,070

103,687

16,092

Sales and marketing expenses

2,711

1,670

2,512

390

7,829

6,073

943

General and administrative expenses

45,549

20,636

21,714

3,370

156,383

67,474

10,472

 

 

 

HUYA INC.

RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS

(All amounts in thousands, except share, ADS, per share data and per ADS data)

Three Months Ended

Nine Months Ended

September 30,
2020

June 30,
2021

September 30,
2021

September 30,
2021

September 30,
2020

September 30,
2021

September 30,
2021

RMB

RMB

RMB

US$

RMB

RMB

US$

Gross profit

620,577

581,319

504,010

78,221

1,670,405

1,599,217

248,195

Share-based compensation expenses allocated
      in cost of revenues

17,352

12,969

11,883

1,844

47,939

41,473

6,437

Non-GAAP gross profit

637,929

594,288

515,893

80,065

1,718,344

1,640,690

254,632

Operating income

222,920

181,888

83,134

12,902

537,603

427,131

66,290

Share-based compensation expenses

108,164

67,501

70,829

10,992

326,221

218,707

33,944

Non-GAAP operating income

331,084

249,389

153,963

23,894

863,824

645,838

100,234

Net income attributable to HUYA Inc.

253,013

186,251

524,379

81,382

630,997

896,168

139,084

Gain on fair value change and disposal of e
     quity investments, net of income taxes

–

(3,619)

(415,190)

(64,436)

(1,620)

(418,809)

(64,998)

Share-based compensation expenses

108,164

67,501

70,829

10,992

326,221

218,707

33,944

Non-GAAP net income attributable to HUYA Inc.

361,177

250,133

180,018

27,938

955,598

696,066

108,030

Net income attributable to ordinary
      shareholders

253,013

186,251

524,379

81,382

630,997

896,168

139,084

Gain on fair value change and disposal of

      equity investments, net of income taxes

–

(3,619)

(415,190)

(64,436)

(1,620)

(418,809)

(64,998)

Share-based compensation expenses

108,164

67,501

70,829

10,992

326,221

218,707

33,944

Non-GAAP net income attributable to
      ordinary shareholders

361,177

250,133

180,018

27,938

955,598

696,066

108,030

Non-GAAP net income per ordinary share

—Basic

1.57

1.05

0.75

0.12

4.27

2.93

0.45

—Diluted

1.50

1.04

0.75

0.12

4.02

2.88

0.45

Non-GAAP net income per ADS

—Basic

1.57

1.05

0.75

0.12

4.27

2.93

0.45

—Diluted

1.50

1.04

0.75

0.12

4.02

2.88

0.45

Weighted average number of ADS used in 
      calculating Non-GAAP net income per ADS

—Basic

230,554,718

238,105,367

238,814,217

238,814,217

224,053,176

237,848,772

237,848,772

—Diluted

240,474,833

241,536,071

241,449,111

241,449,111

237,807,379

241,774,727

241,774,727

 

 

 

Related Links :

http://www.huya.com

PR Newswire

Australia’s Open!: Booking.com’s 7 Predictions for the Triumphant Return of Travel in 2022

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SYDNEY, Nov. 9, 2021 — In its most extensive travel predictions research to date, Booking.com reveals how a renewed sense of optimism is fueling a hunger to make 2022 the year to make the most of the unpredictability and get back to fully experiencing the world. Trends for the year include:
 

  1. Vitamin Vacay – More so than daily exercise or mindful meditation, getting away on holiday will become THE form of self-care in 2022, with over three-quarters of people (82%) affirming that travel helps their mental and emotional wellbeing more than other forms of rest and relaxation.
     
  2. Resetting the Out Of (Home) Office – When the pandemic hit, homes across the globe became our offices too, and the novelty of working remotely was realized. However, in 2022 we’ll see a significant rise in people wanting to take back control in a bid to firmly re-establish a healthy work-life balance as holiday time itself will be strictly work-free for three quarters of travelers (76%) in 2022.
     
  3. All the First-Time Feels – Remember what it was like to board a plane for the very first time? Or even just to check into a hotel? After feeling ‘stuck’ for so long, rather than rushing through the journey, travellers will be relishing every moment, from fine-tuning the playlist for the rental car to browsing the delicacies duty free has to offer, with a fifth (21%) most looking forward to the pure excitement and anticipation as the journey begins. 

For the full list of Booking.com’s travel predictions for 2022 and research methodology, visit https://news.booking.com/en-au/.

CONTACT DETAILS

For further information, contact the Booking.com Australian Press Office;

Red Havas
Lauren.graham@redhavas.com

About Booking.com:

Part of Booking Holdings Inc. (NASDAQ: BKNG), Booking.com’s mission is to make it easier for everyone to experience the world whenever it’s safe to do so again. By investing in the technology that helps take the friction out of travel, Booking.com seamlessly connects millions of travellers with memorable experiences, a range of transportation options and incredible places to stay -from homes to hotels and much more. Booking.com is available in 44 languages and offers more than 28 million total reported accommodation listings, including more than 6.6 million listings of homes, apartments, and other unique places to stay.

PR Newswire

Roofstock Launches Roofstock One, Allowing Investors to Build Customized Portfolios of Single-Family Rental Home Shares Online

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Accredited investors can now easily purchase shares representing interests in fully-managed rental homes for as little as $1,000

OAKLAND, Calif., Nov. 8, 2021 —  Roofstock, the leading digital real estate investing platform for the $4 trillion single-family rental home sector (SFR), today announced the next phase of Roofstock One, its targeted investing platform that gives accredited investors innovative access to this growing asset class. Roofstock One wraps all of Roofstock’s expertise and capabilities, including its deep data science, institutional-caliber research and skilled property acquisition and management services into a single, fully managed product. With Roofstock One, investors can buy shares representing interests in rental homes across markets and multiple properties rather than having to purchase entire homes, making investing in SFR similar to buying a share of stock. Accredited investors can invest in Roofstock One shares for as little as $1,000 with an introductory offer through December 31, 2021.

Roofstock One is a radically simple alternative to traditional real estate investing. Roofstock uses its SFR investment expertise to identify and acquire properties in markets that its data science and research teams have identified as potentially attractive investment opportunities. Roofstock One then issues shares that represent ownership interests in the selected SFR properties. These shares are then bundled based on geography or other characteristics of the properties to provide investors exposure to different investing strategies. Accredited investors can select groups of shares that align with their investing goals, add the investment to their shopping cart, and complete their purchase in a matter of clicks.

"The attractiveness of SFR has long been its ability to generate strong, consistent returns over the long-term in a way that is almost entirely uncorrelated to the stock market," said Gary Beasley, CEO and co-founder of Roofstock. "We believe Roofstock One makes SFR real estate investing the simplest it has ever been." 

Benefits and highlights of Roofstock One include:

  • A hands-off, fractional ownership approach: Investors get many of the economic benefits of direct ownership, such as potential cash flows from rent and asset appreciation, without the traditional associated responsibilities, like managing renovations or tenancy issues.  
  • Ability to customize the investment: Roofstock One allows investors to choose targeted portfolios based on their investment goals. 
  • Professional property and asset management: Roofstock One leverages Roofstock’s industry-leading platform to optimize the performance of the properties on behalf of investors with the goal of maximizing returns on an ongoing basis.
  • Simple tax filing: Roofstock One’s innovative structure makes tax time easier by providing investors with a Form 1099, avoiding Form K-1s and partnership tax issues.

Roofstock’s founders are pioneers of SFR. They were among the first to bring institutional capital, data science, digital technology, and asset management capabilities to an asset class that lacked a modern investing infrastructure. At its launch in 2015, Roofstock took the radical step to democratize access to SFR by making its investment expertise, data, and operational services, along with an exclusive inventory of rental homes available to everyday investors. The solutions Roofstock offers to investors have driven the company’s tremendous growth; surpassing $4 billion in transaction volume along with explosive expansion of its fully managed investment services, which has grown 50x since the beginning of 2021. The relaunch of Roofstock One marks a significant milestone that further levels the playing field for the individual accredited investor.

Roofstock One’s market footprint currently includes homes in affordable markets, such as Georgia, Indiana, and Alabama, that likely will continue to benefit as work-from-home trends become increasingly prevalent. This launch of Roofstock One is just the beginning. Roofstock One is continually innovating on behalf of consumers to create new investment opportunities in SFR. The company is currently exploring a blockchain solution that could reduce transaction costs, streamline reporting, and potentially offer enhanced liquidity options by tokenizing Roofstock One shares or other SFR-related products. 

To learn more about Roofstock One or start investing, visit roofstock.com/one.

About Roofstock

Roofstock is the leading digital real estate investing platform for the $4 trillion single-family rental home sector. The company provides extensive resources for investors to buy, manage, and sell investment homes online, including data analytics, property management oversight, and other tools. Roofstock’s transparent, innovative marketplace empowers investors to own cash-flowing rental properties, diversify their investment portfolios, and build long-term wealth through real estate. Founded in 2015, the company has facilitated more than $4 billion in investment transactions to date. Roofstock was named to CB Insights Fintech 250 list in 2021 and has earned a spot on the prestigious Forbes Fintech 50 for the past three years. 

Contact: pr@roofstock.com 

Accessories, News

The Beats Fit Pro Brings the Untz While You Workout

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It’s not every day you find an earphone with Apple’s H1 technology in it. The new Beats Fit Pro is one of the few that have adopted the technology. Of course, this comes as no surprise as Apple did purchase Beats back in 2014. The company has since continued its legacy of releasing audio accessories made for musicians.

Beats Fit Pro 001
Source: Beats by Dre

The Beats Fit Pro is the latest pair of earbuds joining the new Beats lineup. It’s made for anyone with an active lifestyle. The earbuds have a winged design that Beats claims will help the earbuds stay in your ears securely. They are designed to provide extra support and security “even through the most rigorous workouts”. According to Beats, the wingtips have been designed after doing research and development on “thousands of ears”. The end result is a “perfect combination of soft, pliable material around a rigid core for a comfortable and stable fit on any ear shape or size.” The new true wireless earbuds come with IPX4 certification for dust and water resistance.

Beats Fit Pro 008
Beats Fit Pro 009
Beats Fit Pro 010
Beats Fit Pro 004
Beats Fit Pro 005
Beats Fit Pro 006
Beats Fit Pro 007

It also comes with a new custom transducer which Beats claims will deliver robust sound even with its form factor. With Apple’s H1 chip at the core, the Beats Fit Pro comes with spatial audio compatibility. It’s able to support soundstages designed for 5.1, 7.1 and Dolby Atmos. It also comes with Active Noice Cancellation (ANC) which is enabled by two microphones. These microphones are continually measuring the ambient noise to ensure cancellation. In its press release, Beats claims that the technology in the Beats Fit Pro measures ambient noise up to 200 times per second.

GIF wingtip
Source: Beats by Dre

The Fit Pro comes with 6 hours of battery life with every charge. The casing gives it an additional 21 hours. It comes with a pocketable casing with USB-C for charging.

Pricing & Availability

The Beats Fit Pro is available for USD$199.99 (MYR827.01). You will be able to choose from four colours: Stone Purple, Sage Gray, White and Black.

PR Newswire

Yinchuan, the Provicial Captial in the Hinterland of China, Gaining New Achievements in Regional Economic Development

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YINCHUAN, China, Nov. 8, 2021 — According to the official statistics released by Yinchuan Municipal Bureau of Commerce in October, 2021, the total retail sales of consumption goods in Yinchuan reached 58.652 billion yuan (9.08 billion USD) during the first three quarters of 2021, accounting for nearly 58% of the total amount of the whole region.

The total volume of import and export reached 6.704 billion yuan ($1.35647 billion), accounting for 55.94% of the total volume of the whole region. 16 foreign-invested enterprises were newly established, and the foreign capital which are fully utilized reached 112.93 million US dollars. The FDI was 8.63 million US dollars and the cross-border e-commerce realized a transaction volume worth of 647 million yuan ($100.16 million ).

The total amount of logistics reached 320 billion yuan ($49.728 billion) and the added value of logistics-related industries reached 14.4 billion yuan ($2.229 billion).

In 2020, an unexpected epidemic disrupted the rhythm of cities in China. A series of commercial sectors such as catering industry, entertainment industry and trade sector were hit hardly by the unprecedented losses and then the stagnation of commercial activities which lasted for months emerged.

"The mature and efficient governance are characterized by those government officials who are good at exploring opportunities even faced with crisis." The commercial enterprises and people in Yinchuan involved in this crisis overcame hardships and survived from the global pandemic. The business activities in Yinchuan restart to thrive with the bustling and hustling streets being crowded with people again. This quotation mentioned above is an epitome of the fruitful results and experiences the city of Yinchuan had gained during the past year.

With the backdrop of COVID-19 global epidemic and the robust recovery of Yinchuan’s economy, how did Yinchuan Municipal Bureau of Commerce which is responsible for the city’s commercial development stimulate the economic growth of Ningxia?

An government official from Yinchuan Municipal Bureau of Commerce who is responsible for retailing business is quoted as saying, "During the epidemic period, we coordinated and realized the normal operation of 3 large wholesale markets related to agricultural products, 218 major chain supermarkets and vegetable direct-sale stores in community. Furthermore, we set a ‘green passage’ for transportation vehicles, and effectively ensured the transportation and distribution of epidemic protection materials, daily necessities and other materials."

At the same time, the city of Yinchuan focused on building the demonstration areas of night economy and attached great importance to cultivating commercial blocks with local characteristics. Yinchuan pushed forward the upgrade and renovation of traditional business circle and speeded up the development of first store economy, such as Yinchuan Metropolis Plaza, Huaiyuan night market and Fenglinwan Town.

Forty well-known enterprises participated in more than 10 exhibitions and conferences, inculding the 2020 Ningxia Brand Festival and the 28th Guangzhou Expo. The local government assisted the 10 enterprises headquatered in Yinchuan in the field of wine production, fruit and vegetable production to set up export booth and channels in more than 20 cities including Beijing.

According to the information released on the official website of Yinchuan Municipal Bureau of Commerce, five major functional zones have already been built in Yinchuan Free Trade Zone. A cross-border e-commerce public supervision center has been established in Yinchuan Highway and Railway Logistics Park. The Cross-Border E-Commerce Industrial Park covering an area of 32,000 square meters has been set, with 169 cross-border e-commerce enterprises signing up to set their branches in this park. In Yuehai Bay Central Business District (The CBD of Yinchuan), with 22 enterprises set their branches there. Zhongguancun Innovation and Entrepreneurship Center has set up cross-border e-commerce business in the United States, Europe, Japan and other developed regions with the help of its own brand matrix of e-commerce and intelligence big data engine. The Cross-Border E-Commerce Research Institute and Yinchuan FTZ E-Commerce College has been established in Yinchuan as training base to inject new impetus to the economic development of Yinchuan.

These measures and policies adopted by the local government not only revitalize the city of Yinchuan, but also facilitate the economic recovery.

The directer of Yinchuan Municipal Bureau of Commerce, Mr. Liu is quoted as saying, "The year of 2021 is the first year of the 14th five-year-plan, the 100th anniversary of the founding of the Communist Party of China and the first year of the new journey of building a modern socialist country in an all-round way. Yinchuan Municipal Bureau of Commerce will unswervingly uphold the development philosophy of making Yinchuan the center city for consumption in this region. It will implement the national policy of "internal and external double-circulation", further tapping the potential of economic growth. It will smooth the internal circulation of economic growth through promoting consumption and inject impetus to external circulation by further opening up."

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=406688 
   Caption: Yinchuan Free Trade Zone

Lifestyle, News

Xiaomi’s Dreame is Officially In Malaysia

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Xiaomi is no stranger when it comes to home technologies. The company has made waves with their IoT lineup. It has also been in the news for investing and developing brands that push not only IoT products but regular home products as well. Dreame is one of the few that focuses on delivering household solutions to users.

Dreame has long been available via online platforms, however, the brand is finally making its official debut in Malaysia. Partnering with their sole local distributor, Uniqbe Sdn Bhd, their offerings will now be available through the official Dreame store on Shopee.

Dreame H11 Series 002
Source: Dreame

The first product officially arriving in Malaysia is the Dreame H11 series vacuums. The Dreame H11 and H11 Max both come with a two-tank design that allows users to vacuum and mop simultaneously. The cordless vacuum system comes with a 900ml clean water tank and 500ml dirt water tank. This allows the vacuums to simultaneously suck and vacuum the floor. During use, cleaning solution and clean water are continually sprayed on the roller brushes from the clean water tank. While in use, the rollers are also cleaned as the dirt separation system removes the dirt from the rollers and deposits it into the 500ml dirt tank. The H11 series comes with up to 30 minutes of active use.

The Dreame H11 Max comes with an added auto mode that intelligently adjusts the suction power according to the clean up needed. Both the H11 and H11 Max come with an LED display screen and intelligent voice prompts which Dreame claims will help with cleaning.

Dreame H11 Series 003
Source: Dreame

The H11 and H11 Max will be available from their official store on Shopee. The H11 will be retailing at MYR1,999 while the H11 Max will be retailing for MYR2,499. In conjunction with their launch, they will be selling 50 units each of the H11 and H11 Max at MYR1,388 and MYR1,788 respectively.

In addition, Uniqbe Sdn Bhd is also partnering with Make-A-Wish Malaysia to help make Dreame’s launch more impactful. From now until Chinese New Year, the company will be earmarking 11% of sale from Dreame products for Make-A-Wish.

News

Windows 7 & 8.1 Users Are Going to Lose OneDrive Syncing

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Microsoft OneDrive has become one of the cornerstones of Windows since Windows 7. The application has become steadily more integrated with Windows 10 and 11. However, it looks like the company is using it as one of the ways it can coax users to upgrade their operating system to the latest and greatest.

Microsoft OneDrive
Source: Microsoft (Onedrive.com)

The company has announced on its forums that users on Windows 7 and 8.1 will be losing support for sync come March 1, 2022. The reason given behind the move is “to focus resources on new technologies and operating systems, and to provide users with the most up-to-date and secure experience.”. The Microsoft OneDrive desktop application for Windows 7 and 8.1 will stop receiving updates from January 1, 2022.

Business customers using the operating systems will be forced to update in accordance with the product support cycle which Microsoft has announced earlier in April 2019. Based on that update schedule, business customers have until January 10, 2023. It’s important to note that support for Windows 8 has already been halted.

The move doesn’t come as a surprise as Microsoft has been trying to streamline Windows from its current fragmented state. While we’re already on Windows 11, systems such as banks and other corporate outfits have been on older Windows systems such as Windows XP and even Windows 98. This fragmentation doesn’t just tax Microsoft when it comes to maintaining their OS, it also puts companies and their users at risk as the software could pose a serious security threat without proper maintenance.