Monthly Archives: December 2021

PR Newswire

Globalization Partners Honored with Two Awards in Asia Pacific

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HRO HR Vendor of the Year 2021, Gold, Employer of Record Category

HRM Asia Readers’ Choice Awards 2021, Gold, Best Employer of Record

SINGAPORE, Dec. 6, 2021 — Globalization Partners, which simplifies global remote team building by making it fast and easy for companies to hire anyone, anywhere within minutes via its global employment platform, has picked up the gold prize for Best Employer of Record Service Provider at the HRO HR Vendor of the Year Awards during its annual awards ceremony, in Singapore on December 2nd, 2021.

The company’s CEO Nicole Sahin launched the Employer of Record industry over a decade ago. Today, Globalization Partners is the leader of the industry and is experiencing record-breaking growth as it continues to expand to new markets across Asia, Europe, and the US. The award-winning submission highlighted the company’s HR, finance, and legal operations experts globally as well as its 98 percent customer satisfaction rating.

The HRO HR Vendor of the Year Awards celebrate the exceptional contribution that HR solution providers across the region have contributed to disrupting the HR function, and innovating business performance.

Globalization Partners was also recently recognized at the HRM Asia Readers’ Choice Awards.  The company picked up gold when it was named Best Employer of Record at the awards ceremony in November 2021. This is the second year straight that Globalization Partners has received this award. The award is accredited to the demand for high-quality, scalable, global remote work solutions in a business environment that has quickly shifted towards a "remote-first" work culture. The HRM Asia Readers’ Choice Awards recognize the best and brightest HR industry partners and solution providers in the region annually.

Charles Ferguson, General Manager, Globalization Partners, Asia Pacific said, "We would like to thank everyone and are thrilled to have won two awards in recognition of our achievements and progress over the last year. As the founder and leader of the industry, we have watched demand for our solution soar in the last year and we believe this recognition truly validates the tremendous opportunity our global employment platform brings to companies today."

About Globalization Partners 

Hire international talent quickly and easily. Use our AI-driven, automated, global employment platform powered by our in-house worldwide HR experts. Trust the named industry leader that consistently attains 98 percent customer satisfaction ratings. Globalization Partners: Succeed Faster

To learn more, please visit: globalization-partners.com or connect with us via Twitter, LinkedIn, Facebook, or check out our Blog.

Media Contact:
Siobhán Calpin
+1 (888) 855-5328, Ext. 616
SCalpin@globalization-partners.com

Related Links :

https://www.globalization-partners.com/

PR Newswire

Skillful Craftsman Announces Financial Results for The First Six Months of Fiscal Year 2022

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Continues to Accelerate the Deployment of New Business Strategy and Empower Training Platform with Integrated Metaverse-based Technologies

WUXI, China, Dec. 4, 2021 — Skillful Craftsman Education Technology Ltd. ("the Company") (NASDAQ: EDTK), an education technology company providing interactive online learning services, today announced its financial results for the first six months of fiscal year 2022 ended September 30, 2021.

First Six Months of Fiscal Year 2022 Financial and Operational Highlights

All financial figures are in US Dollars unless otherwise noted.

  • Revenue was $11.9 million, compared with $15.3 million for the same period of last year, representing a 23% decrease, primarily due to a decrease in the number of total fee-paying members resulting from the decline in training needs of workers from rural area as the urbanization continued.
  • Gross profit was $3.6 million, compared with $8.5 million for the same period of last year, representing a 58% decrease. The decrease was mainly due to the combined effect of the decrease in revenue and an increase in cost of revenue as the Company incurred increased fees in courseware, software copyrights and virtual simulation in connection with its efforts to shift target customers to students at vocational schools.
  • Gross profit margin was 30%, compared with 55% for the same period of last year. The main reason was the cost spent in platform upgrade and courses enrichment did not result in the expansion of customer base to the extent expected.
  • Net loss was $43.3 thousand, compared with net income of $4.4 million for the same period of last year. The decrease was due to the decrease in revenue, an increase in the cost of revenue and an increase in general and administrative expenses.
  • Basic and diluted earnings per share were $0.00, compared with $0.44 for the same period of last year.
  • Total fee-paying members(1) was 1.1 million, compared with 3.3 million during the same period of last year, representing a 68% decrease. The decrease was primarily due to the combined effect of (i) the shrinking training needs of workers from rural area as a result of the development of urbanization, and (ii) unsatisfactory acquisition of new customers among students at vocational schools, who nowadays tend to be more interested in mobile live streaming and short video training courses than the personal computer courses offered by the Company.

(1) Number of fee-paying members is defined as the total number of members that are paying fees for accessing our platforms as of the end of the applicable period.

Mr. Xiaofeng Gao, Chairman and CEO of Skillful Craftsman Education Technology Ltd., commented, "To seize the market opportunities, we have accelerated the deployment of new business strategy and new technology since the first half year of 2021. With respect to business development, the Company is leveraging online cloud technology service and flexible employment service platform, to cooperate with schools and institutions to provide them with high quality vocational training. It has already landed in the two major fields of Chinese medicine basic education and hotel management. With respect to technology enhancement, the Company will integrate metaverse technology with big data, cloud technology and traditional Augmented Reality (AR) simulation teaching capabilities. Through co-constructing metaverse vocational labs with universities and ecological chain companies, the Company plans to launch multi-persons collaborative simulation skills training platform based on metaverse. We remain optimistic about the vocational education industry based on the Opinions on Promoting the High-quality Development of Modern Vocational Education (the "Opinions") issued by the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council. The Opinions encourage companies to participate in and support the development of vocational education, which provides clear directions and positive incentives for the Company’s future development. We believe our brand, strategic development and the supporting policy will position us well for the future and we are confident in creating long-term value and returns for our shareholders."

First Six Months of Fiscal Year 2022 Financial Results

All figures refer to the first six months of fiscal year 2022 ended September 30, 2021 unless otherwise stated

Revenue

Revenue decreased by 23% to $11.9 million, from $15.3 million for the same period of last year, primarily due to a decrease in the number of total fee-paying members resulting from the decline in training needs of workers from rural area as the urbanization continued.

Cost of Revenue

Cost of revenue increased by 21% to $8.3 million, from $6.8 million for the same period of last year. The increase of cost of revenue was mainly caused by the increase of $0.8 million amortization of the newly purchased courseware and software copyrights, and the increase of virtual simulation fee by $0.6 million, both related to the Company’s efforts to shift target customers to students at vocational schools.

Gross Profit and Gross Margin

Gross profit decreased by 58% to $3.6 million, from $8.5 million for the same period of last year. The decrease was mainly due to the combined effect of increased cost of revenue in courseware, software copyrights and virtual simulation fees and decrease in revenue.

Gross margin decreased by 25 percentage points to 30%, from 55% for the same period of last year. The main reason was the cost spent in platform upgrade and courses enrichment did not result in the expansion of customer base to the extent expected.

Operating Expenses

Operating expenses increased by 27% to $3.0 million, from $2.4 million for the same period of last year.

Sales and marketing expenses decreased by 18% to $0.7 million, from $0.9 million for the same period of last year. The decrease was mainly due to the decreases in both of the promotion expenses and telecommunications service fees.

General and administrative expenses increased by 53% to $2.3 million, from $1.5 million for the same period of last year. The increase was primarily caused by the increased compensation paid to employees, audit fees, the insurance fee and consulting fees for the period ended September 30, 2021.

Income Before Tax

Income before tax expense decreased by 90% to $0.6 million, from $6.1 million for the same period of last year.

Net (loss)/Income

Net loss was $43.3 thousand, compared with net income of $4.4 million for the same period of last year.

Basic and diluted earnings per share were $0.00, compared with $0.44 for the same period of last year.

Cash and Cash Equivalents

As of September 30, 2021, the Company had cash and cash equivalents of $23.7 million, compared with $17.5 million as of March 31, 2021.

Cash Flow

Net cash generated from operating activities was $1.8 million, compared with $6.6 million for the same period of last year.

Net cash provided by investing activities was $4.4 million, compared with net cash used in investing activities $14.2 million for the same period of last year.

Net cash generated from financing activities was nil, compared with $13.24 million for the same period of last year.

About Skillful Craftsman

Skillful Craftsman is an education technology company that provides interactive online vocational training and virtual simulation experimental training courses. The Company began operations in Wuxi, China in 2013 and is a key supporter for China education reform and development for labor employment. For more information, please visit: ir.kingwayup.com

Safe Harbor Statement

This report contains "forward-looking statements" for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that represent our beliefs, projections and predictions about future events. All statements other than statements of historical fact are "forward-looking statements," including any projections of earnings, revenue or other financial items, any statements of the plans, strategies and objectives of management for future operations, any statements concerning proposed new projects or other developments, any statements regarding future economic conditions or performance, any statements of management’s beliefs, goals, strategies, intentions and objectives, and any statements of assumptions underlying any of the foregoing. Words such as "may", "will", "should", "could", "would", "predicts", "potential", "continue", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates" and similar expressions, as well as statements in the future tense, identify forward-looking statements.

Forward-looking statements are based on information available at the time those statements are made and management’s belief as of that time with respect to future events. These statements are necessarily subjective and involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any future results, performance or achievements described in or implied by such statements. Such risks, uncertainties, and other factors include, but are not limited to, our ability to improve launch and leverage new technologies and cooperative relationships or anticipate market demand in a timely or cost-effective manner, and those factors discussed under the headings "Risk Factors", "Operating and Financial Review and Prospects," and elsewhere in our Annual Report on Form 20-F. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of whether, or the times by which, our performance or results may be achieved. Actual results may differ materially from expected results described in our forward-looking statements, including with respect to correct measurement and identification of factors affecting our business or the extent of their likely impact, and the accuracy and completeness of the publicly available information with respect to the factors upon which our business strategy is based or the success of our business. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.

For investor and media enquiries, please contact:

Skillful Craftsman
Investor Relations Department
Email: iredtk@kingwayedu.cn

Ascent Investor Relations LLC
Tina Xiao
Tel: +1 917-609-0333
Email: tina.xiao@ascent-ir.com

 

 

 

SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED

CONSOLIDATED BALANCE SHEETS

(Amounts in US$, except for number of shares)

As of

September 30,
2021

March 31,
2021

(Unaudited)

(Audited)

ASSETS

Current assets

Cash and cash equivalents

$

23,712,359

$

17,453,360

Accounts receivable, net

50,246

83,980

Prepayments

2,903,533

1,784,537

Other receivables

186,325

5,713,192

Total current assets

26,852,463

25,035,069

Non-current assets

Long-term investment

306,498

–

Property and equipment, net

12,462,098

13,725,957

Intangible assets, net

17,144,418

20,416,461

Goodwill

4,581,112

–

Long-term prepayments and other non-current assets

–

28,406

Total non-current assets

34,494,126

34,170,824

TOTAL ASSETS

$

61,346,589

$

59,205,893

LIABILITIES

Current liabilities

Accounts payable

$

122,119

$

113,707

Taxes payable

292,532

448,485

Amounts due to a related party

5,764

257,037

Accrued expenses

920,665

1,051,929

Deferred tax liabilities

43,234

–

Deferred revenue-current

9,270,561

11,456,667

Total current liabilities

10,654,875

13,327,825

Non-current liabilities

Deferred revenue-noncurrent

–

312,896

Total non-current liabilities

–

312,896

TOTAL LIABILITIES

$

10,654,875

$

13,640,721

COMMITMENTS AND CONTINGENCIES

–

–

SHAREHOLDERS’ EQUITY

    Ordinary shares, par value $0.0002 per share, 500,000,000

 

2,980

 

 

2,400

 

shares authorized; 14,900,000 and 12,000,000 shares issued

and outstanding as of 30 September, 2021 and 31 March,

2021, respectively

Additional paid-in capital

18,055,407

13,415,987

Statutory reserve

746,323

745,590

Accumulated profits

30,375,080

30,419,177

Accumulated other comprehensive income

1,511,924

982,018

TOTAL SHAREHOLDERS’ EQUITY

50,691,714

45,565,172

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

61,346,589

$

59,205,893

 

 

 

SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

 (Amounts in US$, except for number of shares)

For the six months ended

September 30,

2021

2020

(Unaudited)

(Unaudited)

Revenue

$

11,851,792

$

15,313,780

Cost of revenue

(8,255,007)

(6,826,879)

Gross income

3,596,785

8,486,901

Operating expenses:

Selling and marketing expenses

(720,191)

(879,812)

General and administrative expenses

(2,293,011)

(1,499,774)

Total operating expenses

(3,013,202)

(2,379,586)

Income from operations

583,583

6,107,315

Interest income

31,237

30,292

Investment loss

(1,897)

–

Government grant

493

–

Foreign currency exchange loss

(48,819)

–

Loss on disposals of equipment

(54,147)

–

Other expenses, net

(2,147)

(909)

Income before income taxes

508,303

6,136,698

Income tax expense

(551,667)

(1,744,005)

Net (loss)/income

$

(43,364)

$

4,392,693

Other comprehensive income/(loss):

Foreign currency translation adjustment

529,906

1,246,805

Total comprehensive income

486,542

5,639,498

Net earnings per ordinary share, basic and diluted

$

0.00

$

0.44

Weighted average number of ordinary shares, basic and
diluted

12,475,410

10,000,000

 

 

 

SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(Amounts in US$)

For the six months ended September 30,

2021

2020

Cash Flows from Operating Activities

Net (loss)/income

$

(43,364)

$

4,392,693

Adjustments to reconcile net profit to net cash provided

by operating activities:

Depreciation of property and equipment

2,051,081

1,657,961

Amortization of intangible assets

3,948,391

3,157,605

Loss from equity-method investment

1,897

–

Loss on disposals of equipment

54,147

–

Changes in operating assets and liabilities:

Accounts receivables, net

33,734

(24,284)

Prepayments and other current assets

(1,118,873)

(602,972)

Other receivables

(19,296)

–

Long-term prepayments and other non-current assets

28,406

28,509

Accounts payable

8,412

(149,822)

Amounts due to a related party

(251,273)

509,012

Deferred revenue

(2,552,387)

(2,939,360)

Accrued expenses

(220,164)

768,911

Taxes payable

(154,248)

(213,411)

Deferred tax liabilities

(730)

–

Net cash generated from operating activities

1,765,733

6,584,842

Cash flows from investing activities

Purchase of property and equipment

(653,189)

(3,988,249)

Purchase of intangible assets

(209,469)

(2,254,100)

Proceed from redemption of financial assets held for

5,563,191

–

trading

Investment in private held company

(308,385)

–

Purchase of Jisen Information, net of cash acquired

50,229

–

Proceed from disposal of equipment

4,650

–

Purchases of other investments

–

(8,000,000)

Net cash generated from/(used in) investing activities

$

4,447,027

$

(14,242,349)

Cash flows from financing activities

Proceeds from IPO net off IPO expenses

–

13,243,554

Net cash generated from financing activities

$

–

$

13,243,554

Effects of foreign currency translation

46,239

(67,122)

Net increase in cash and cash equivalents

6,258,999

5,518,925

Cash and cash equivalents at beginning of period

17,453,360

11,931,714

Cash and cash equivalents at end of period

$

23,712,359

$

17,450,639

Supplemental disclosures of cash flow information

Cash paid for income taxes

$

687,877

$

1,974,038

Non cash transactions

Ordinary shares issued for Jisen Information acquisition

$

4,640,000

$

–

 

PR Newswire

Xiaobai Maimai Announces the Results of Annual General Meeting and Name Change

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BEIJING, Dec. 4, 2021 — Xiaobai Maimai Inc. (NASDAQ: HX) ("Xiaobai Maimai" or the "Company"), today announced that it held the 2021 annual general meeting of shareholders (the "AGM") at the Meeting Room, Futian Shangri-La, 4088 Yi Tian Road, Futian District, Shenzhen 518408, People’s Republic of China, at 10:00 a.m. (Beijing Time) on December 3, 2021. At the AGM, holders of 71,057,650 ordinary shares (including ordinary shares represented by the Company’s American Depositary Shares), out of the 71,478,550 ordinary shares issued and outstanding, were present in person or by proxy, and therefore constituted a quorum of more than one-third of the ordinary shares outstanding and entitled to vote at the AGM as of October 29, 2021, the record date of the AGM.

At the AGM, the shareholders of the Company approved the name change of the Company from "Xiaobai Maimai Inc." to "Akso Health Group," as a special resolution of the Company. As an ordinary resolution of the Company, the shareholders ratified the appointment of Wei, Wei & Co., LLP as the Company’s independent registered public accounting firm.

About Xiaobai Maimai Inc.

Xiaobai Maimai Inc. (NASDAQ: HX), formerly known as Hexindai Inc., ("Xiaobai Maimai" or the "Company"), is currently engaged in two lines of business, i.e. a social e-commerce platform based in Beijing, China and the planned cancer therapy and radiation oncology business.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "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. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: risks related to our ability to obtain equipment, technology, license and talents at satisfactory terms to start the planned business, if at all; risks regarding the effect of the COVID-19 pandemic on the Company and the Company’s position in a post-COVID-19 environment; risks related to the Company’s ability to adapt and make the necessary adjustments to compete and operate effectively; risks related to decisions or changes in governmental or private insurers’ reimbursement levels for our radiotherapy services or our ability to obtain reimbursement for our radiotherapy services; risks related to increased competition and the development of new competing services; the risk that we may be unable to develop or achieve commercial success for radiotherapy services in a timely manner, or at all; risks related to regulatory requirements or enforcement in the United States and changes in the structure of the healthcare system or healthcare payment systems; risks related to our ability to successfully integrate and derive benefits from any technologies that we license or acquire; risks related to our projections about our business, results of operations and financial condition; and risks related to the potential market opportunity for our products and services. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law.

For more information, please visit ir.xiaobaimaimai.com 

For investor inquiries, please contact:

The Company
Investor Relations
Ms. Zenabo Ma
Email: ir@xiaobaimaimai.com

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

In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com

Related Links :

https://ir.xiaobaimaimai.com/

PR Newswire

Chindata Group Announces Leadership Change

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BEIJING, Dec. 3, 2021  — Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced its Chief Executive Officer (“CEO”), Mr. Jing Ju, effective immediately, would no longer serve in the CEO position, or member of the Company’s Compensation Committee and the Corporate Governance and Nominating Committee. After this change, each of the Compensation Committee and the Nominating and Corporate Governance Committee will now have two members.

The Board of Directors thanks Mr. Ju for his contributions and dedication to the Company. Chindata Group remains committed to providing innovative, industry-leading data center solutions, and contributing to the important infrastructure of the data center economy in China and other emerging markets in the Asia-Pacific region.

Mr. Fei Xu will serve as the interim CEO, while the search for a permanent CEO will commence immediately. Mr. Xu is currently an Executive Vice President and a member of the Portfolio Group for Bain Capital Private Equity, with extensive experience with Industrial and TMT sectors in developing China growth strategy as well as managing post-merger integrations.

About Chindata Group

Chindata Group is a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets and a first mover in building next-generation hyperscale data centers in China, India and Southeast Asia markets, focusing on the whole life cycle of facility planning, investment, design, construction and operation of ecosystem infrastructure in the IT industry. Chindata Group provides its clients with business solutions in major countries and regions in Asia-Pacific emerging markets, including asset-heavy ecosystem chain services such as industrial bases, data centers, network and IT value-added services.

Chindata Group operates two sub-brands: “Chindata” and “Bridge Data Centres”. Chindata operates hyper-density IT cluster infrastructure in the Greater Beijing Area, the Yangtze River Delta Area and the Greater Bay Area, the three key economic areas in China, and has become the engine of the regional digital economies. Bridge Data Centres, with its top international development and operation talents in the industry, owns fast deployable data center clusters in Malaysia and India, and seeks business opportunities in other Asia-Pacific emerging markets.

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,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Among other things, the business outlook and quotations from management in this announcement, as well as Chindata Group’s strategic and operational plans, contain forward-looking statements. Chindata Group may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “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 but not limited to statements about Chindata Group’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: Chindata Group’s goals and strategies; its future business development, financial condition and results of operations; the expected growth and competition of the data center and IT market; its ability to generate sufficient capital or obtain additional capital to meet its future capital needs; its ability to maintain competitive advantages; its ability to keep and strengthen its relationships with major clients and attract new clients; its ability to locate and secure suitable sites for additional data centers on commercially acceptable terms; government policies and regulations relating to Chindata Group’s business or industry; general economic and business conditions in the regions where Chindata Group operates and globally and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Chindata Group’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 Chindata Group undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For Enquiries, Please Contact:

Chindata IR Team
ir@chindatagroup.com

Mr. Dongning Wang
dongning.wang@chindatagroup.com

PR Newswire

Spiceware Conducts PoC with Operational Services, a Subsidiary of Deutsche Telekom AG

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Spiceware’s PII ANP solution to open new business opportunities for Operational Services

Spiceware complies with European GDPR, one of the world’s strictest security enforcements

FRANKFURT, Germany, Dec. 3, 2021 — Spiceware, a member of Born2Global Centre, has announced that the company is conducting PoC on PII ANP solution with Operational Services, a subsidiary of Deutsche Telekom AG, the largest telecommunications provider in Europe. Through this PoC, Spiceware will verify product performance and usability in accordance with European local standards to verify the pseudonymization standards required by the European Personal Information Protection Act (GDPR).

(Left) Sebastian Walden, Head of Linux and AIX Services at Operational Services (Right) Keunjin Kim, Founder and CEO of Spiceware
(Left) Sebastian Walden, Head of Linux and AIX Services at Operational Services (Right) Keunjin Kim, Founder and CEO of Spiceware

Spiceware’s PII ANP solution can identify and classify important data automatically, which allows businesses to utilize big data within GDPR compliance by anonymization and pseudonymization of PII. The solution can classify the data according to the nature, type, and purpose of use of personal information, and details necessary for data conversion. It also provides alias processing and combined key generation and management functions for combining personal information between companies.

PII is becoming increasingly regulated by government policies. However, Spiceware complies with the local PII rules and European GDPR, one of the world’s strictest security enforcements. Companies using the PII ANP solution will be guaranteed ongoing confidentiality, integrity, availability, and resilience of processing systems and services. It also has the ability to restore the availability and access to personal data in a timely manner in the event of a physical or technical incident. To ensure the security of the processing, effectiveness of technical and organizational measures can be regularly tested, assessed, and evaluated.

Operational Services, a joint venture of Fraport and T-Systems, is a subsidiary of Deutsche Telekom, one of the world’s leading integrated telecommunications companies with more than 242 million mobile customers, 27 million fixed-network lines, and 22 million broadband lines in 50 countries. Sebastian Walden, Head of Linux and AIX Services at Operational Services is confident that the PoC will bring new business opportunities for the company, "Through cooperation with Spiceware, their PII ANP solution will allow Operational Services to open new business opportunities and accelerate our business innovation goals as a part of management service for our clients."

After the competition of the PoC, the two companies will build a cloud anonymization service that can be used by big data companies necessary for GDPR compliance in Europe.

For more detailed information on Spiceware, visit https://www.spiceware.io/.

About Spiceware

Spiceware (www.spiceware.io) provides an automated comprehensive privacy protection lifecycle platform with no code modifications which encrypts and anonymizes Personally Identifiable Data (PII) within compliance of protection regulations with the strictest standards such as GDPR and CCPA, allowing businesses in finance, fintech, telecommunications and healthcare sectors to protect customers’ information while maximizing its full potential. Spiceware’s patented encryption technology protects sensitive data in the cloud by integrating seamlessly with cloud-native services, significantly reducing the cost of data encryption and rendering data breaches obsolete. Its patented "SoC Combination Key Generation" technology combines PII data for easy export to outside organizations as well as within siloed business units, providing a safe operating environment for utilizing PII in the big data, IoT, or AI environments. With Spiceware PII ANP, customers can manage pseudonymized and anonymized records more easily, reduce information processing procedures, and streamlining costs.

About Deutsche Telekom AG

Deutsche Telekom (www.telekom.com/en/company) is one of the world’s leading integrated telecommunications companies, with some 242 million mobile customers, 27 million fixed-network lines, and 22 million broadband lines. Deutsche Telekom is present in more than 50 countries. With a staff of some 226,300 (Dec 31, 2020) employees throughout the world, we generated revenue of 101 billion Euros in the 2020 financial year, about 66 percent of it outside Germany. Currently holds 64.78 % share of T-Mobile in the United States.

About Operational Services – Joint venture of Fraport and T-systems

Operational Services (www.operational-services.de/de) is one of the leading ICT service providers in the German market with over 800 highly qualified employees and an annual turnover of over € 120 million.

About Born2Global Centre

Born2Global Centre (www.born2global.com) is a full-cycle service platform for global expansion. Since its inception in 2013, Born2Global has been setting the standard for a successful startup ecosystem as the main Korean government agency under the Ministry of Science and ICT. Born2Global has expanded and transformed startups to be engaged, equipped and connected with the global market.

Media contact
Spiceware: michelle.park@spiceware.io  
Born2Global Centre: jlee@born2global.com

PR Newswire

BEYOND Expo Macao opens today with these highlights not to be missed!

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BEIJING, Dec. 3, 2021 — The BEYOND International Technology Innovation Expo (BEYOND Expo) hosted by the Macao Technology General Association was opened at The Venetian Macao on December 2nd. As a partner, the Trade Development Bureau of the Ministry of Commerce (TDB)  organized mainland enterprises to participate in the expo. Genertec China P&T Appliances supports TDB to organize.

According to sources, TDB Zone is 800 square meters and consists of 41 enterprise exhibitors. The scope of exhibits covers smart terminals, smart solutions, game electronics, mobile phones and peripheral electronic products, emergency communication equipment, smart robots, etc. Dozens of splendid concurrent events and forum activities such as the opening ceremony, welcome dinner, future travel, financial innovation, etc. are also held during the exhibition, attracting many well-known industry experts domestically and abroad to attend the forums and deliver keynote speeches. At the same time, the conference offers an exchange and communication platform for enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area through multiple online and offline channels to promote technological innovation and integrated development.

Highlight 1: Pragmatism – focusing on the Guangdong-Hong Kong-Macao Greater Bay Area, highlighting the "Belt and Road" initiative, and promoting international and domestic dual circulation

TDB Zone is the first "information technology" trade exchange event hosted by the Ministry of Commerce in Macao. Exhibitors are mainly technological innovation enterprises with import and export trade businesses in the Mainland and the Guangdong-Hong Kong-Macao Greater Bay Area. To further help enterprises develop the merchant resources in countries along the "Belt and Road", the organizer has invited representatives of their foreign institutions in China and trade associations of relevant countries to participate in the event, and also invited foreign guests to interact through online live broadcast. In addition, "Brands Going Global Along Belt and Road" exchange & matchmaking meetings of electronics and information technology business procurement took place during the exhibition. A total of more than 150 domestic and foreign professional buyers were invited to attend to conduct business matchmaking with exhibitors through on-site communications.

In this regard, the person in charge of organizing said: "It is China’s national policy to promote the Belt and Road Initiative and the dual circulation of domestic and foreign countries. The Ministry of Commerce hopes to establish a dual-circulation pattern domestically and abroad that is based in Guangdong, Hong Kong and Macao and to help domestic and foreign distributors, purchasers and end users to have in-depth contact with one another, taking advantage of the geographic advantage of Macao, expanding the regional market, penetrating into the science and technology industries of Guangdong, Hong Kong and Macao, and exploring the strength of new innovations in development. "

Highlight 2: Small and medium-sized enterprises – "professional, specialized, exceptional and innovative" to support the power of export

The exhibitors in TDB Zone are mainly small and medium-sized enterprises, all from cities where technological innovation is prevalent, such as Beijing, Shenzhen, Hangzhou, Chengdu, Shanghai and other regions. Although these enterprises are still quite young, the teams are strong and have made great contributions to the expanding to the overseas markets. According to the organizer, most of the participating companies have independent R&D laboratories, employ a large number of top scholars, and own scientific research projects that have won a number of domestic and foreign science and technology awards. Among them there are many black technology companies such as Babel Technology, Prudent Energy Inc., Pachira and so on.

"As the organizer of the event, we feel very optimistic because of this event. Although the exhibition has been postponed twice due to the pandemic, this has not affected the enthusiasm of the companies to prepare for the exhibition. As a matter of fact, all companies put a lot of efforts into the event, from preparing products to the exhibition arrangement – everything was carefully selected with a lot of thoughts, trying to show the best to audiences in Guangdong, Hong Kong, and Macao as well as overseas. This also implies everyone’s confidence in China to create a dual circulation." The staff said.

Highlight 3: 5G+AI – technological innovation brings infinite possibilities

The exhibitions are of a wide variety, ranging from invisible smart solutions to tangible field robots, from network security to emergency communication equipment, from chips to smart home appliances, covering every aspect of current relevant technology. 

Infervision is an artificial intelligence medical technology company. The "screening, diagnosis, treatment, management, and research" medical full-process intelligent solutions displayed at the exhibition cover lungs, cardiovascular and cerebrovascular, breast, bone and joints and other parts and organs. It is also the world’s first and only AI medical technology company to obtain regulatory approvals in China, the United States, the European Union, and Japan.

"There are many companies in the exhibition that are actively expanding in overseas markets like Infervision," a staff said. "Facing the normalization of life with pandemic management, companies will also further adjust the way they go overseas to acquire customers. We believe in the advantages of Macao as a SAR and its beneficial policies that will create more room for development in this regard. I encourage and welcome everyone to follow the development of Macao."

The International Technology Innovation Expo (BEYOND EXPO) TDB Zone will be held at Venetian Macao Convention and Exhibition Centre on December 2nd -4th. We look forward to meeting friends who are interested in the information technology industry for on-sight exchanges and interactions.

About PTAC EXPO:

PTAC EXPO is a subsidiary of China National Postal & Telecommunications Appliances Co., Ltd. (PTAC) and is a reputable full-ecological service provider in the field of information and communication technology in China. PTAC EXPO is the official organizer of the PT Expo China (PTEXPO), a well-known ICT industry event in China and in the Asia-Pacific region. In addition, PTAC EXPO is also an official partner of many well-known exhibitions and industry organizations domestically and abroad, and has been involved in organizing domestic enterprises to participate in well-known ICT activities domestically and abroad for years.

PR Newswire

Infobird upgrades its intelligent interactive training product

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An innovative AI application that can start a new era for corporate training

BEIJING, Dec. 3, 2021 — Infobird Co., Ltd (Nasdaq: IFBD) ("Infobird" or the "Company"), a software-as-a-service provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions in China, announced that it has upgraded its cloud-based intelligent interactive training SaaS product to empower enterprises to improve the efficiency and effectiveness of sales and customer service representatives training by leveraging technologies such as AI chatbots. By simulating a real-life training experience, sales or customer service representatives are able to get trained with a virtual customer anytime, anywhere in the world. The upgraded product now also supports training in English for clients with international training needs. When combined with the company’s intelligent quality inspection product, these two products can create a closed-loop management of customer engagement and training of sales or customer service representatives. This could further drive additional business values for enterprises in the future.

Sales and customer service representatives training has always been important for enterprises to efficiently acquire and serve customers with high quality service. However, due to reasons such as low barrier to entry of the industry and high pressure of the working environment, the turnover rate for sales and customer service representatives tends to be very high. According to the Harvard Business Review "Here’s What Happens When You Focus on Employees to Better Serve Your Customers," the average turnover rate of customer service representatives can reach up to 45% from the perspective of call center customer service alone. Therefore, it has become urgent for enterprises to find ways to improve the efficiency and effectiveness of sales and customer service representative training.

"With our past many years of experience in customer engagement business, we have gained a deep understanding of enterprises’ sales and customer service management training problem areas. The traditional way of training is just not as effective, when taking in consideration of the high turnover rate as well as the constantly renewed communication scripts between representatives and customers," said Yimin Wu, Chief Executive Officer and Chairman of Infobird. "We are trying to provide an innovative way for enterprises to better train their representatives with high efficiency and effectiveness. The best part of this training style is that you can train as many representatives as you want with the same standards, no matter where they are located in the world. Especially under the influence of Covid-19, this becomes even more important for enterprises with international coverage. Scenarios such as telemarketing sales, cloud-call center customer service, store reception, and on-site sales training all are a great fit to this product. We already have several enterprises from banking and retail industries that have shown great interest in this product."

In addition, the company’s intelligent interactive training product can also be further integrated into intelligent quality inspection, another SaaS product the company has, which is to track the engagement process between customers and representatives. With intelligent quality inspection, managers could have a better understanding of how the sales or customer service representatives are performing when engaging with customers. The combined products can therefore form a closed-loop feedback mechanism from new sales and customer service representatives training, their daily service performance tracking to follow-up training based on their performance results. Yimin Wu, Chief Executive Officer and Chairman of Infobird further states, "The purpose of sales and customer service representatives’ training is to get better business results for enterprises, and we firmly believe that training and daily performance measurement cannot be separated. This is a very exciting area to us, and we are working on improving products to further empower our clients with digitized solutions to create more business values."

About Infobird Software Co. Ltd.
Infobird, headquartered in Beijing, China, is a software-as-a-service provider of innovative AI-powered or enabled customer engagement solutions.

For more information about the company, visit www.Infobird.com.

Forward-Looking Statements
This press release contains certain forward-looking statements, including statements with regard to Infobird’s proposed initial public offering. Words such as "will," future," "expects," "believes," and "intends," or similar expressions, are intended to identify forward-looking statements. Forward-looking statements are subject to inherent uncertainties in predicting future results and conditions and no assurance can be given that the proposed initial public offering discussed above will be completed on the terms described. Completion of the proposed initial public offering and the terms thereof are subject to numerous factors, many of which are beyond the control of Infobird, including, without limitation, the failure of customary closing conditions and the risk factors and other matters set forth in the prospectus included in the registration statement in the form last filed with the SEC. Infobird undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

PR Newswire

OrigiMed announced its strategic partnership with Janssen to develop clinical innovative solutions driven by data science

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SHANGHAI, Dec. 3, 2021 — OrigiMed Co., Ltd. ("OrigiMed") announced that the company has signed a memorandum of understanding (MoU) on strategic collaboration with Janssen (China) Research and Development Center of Johnson & Johnson (China) Investment Co., Ltd. ("Janssen"). Zili Li, M.D., M.P.H., Head of Asia Pacific R&D, Janssen Research & Development, Jenny Zheng，President of Janssen China, Yi Zheng, PhD, Head of Asia Pacific Center of Excellence in Translational Science, Janssen R&D，Dr. Kai Wang, CEO of OrigiMed and Ms. Ping Zhao, Senior Vice President of OrigiMed for Pharmaceutical Cooperation attended the Janssen – OrigiMed MoU on Strategic Collaboration Signing Ceremony. Najat Khan, PhD, Chief Data Science Officer, Janssen R&D, Zach Boyd, PhD, Head Oncology Diagnostics, Janssen R&D also expressed their sincere wishes and expectations to the audience by VCR.

MoU Signing Ceremony
MoU Signing Ceremony

Leveraging the power of real-world evidence, both parties will jointly explore to optimize clinical trials and patient enrollment, develop clinical innovative solutions, boost the development and commercialization processes of companion diagnostic products and anti-tumor drugs by virtue of their strong scientific research capabilities and extensive medical resources, thereby providing comprehensive health management solutions for patients.

According to the MoU, the two parties will cooperate with the following strategic focuses:

Establishment of real-world evidence database: Through the strong collection and analysis ability of OrigiMed in real-world study data and medical imaging, the two parties intend to improve on the translation of medical achievements, clinical diagnosis and new drug development for precision medicine under the principle of following national policies and regulations.

Optimization of clinical trial and whole-process management of patients: Utilizing OrigiMed’s innovative medical e-platform, the two parties aim to accelerate the localization of clinical trial enrollment and evaluation of clinical studies, optimize the follow-up of patients, and facilitate the full-cycle management of patients, through scientific analysis and innovative technologies.

Development of new indications and companion diagnostic products: The two parties plan to enhance their translational study capability through artificial intelligence, machine learning model and other scientific tools, actively exploring the development of new indications, and promoting the development and commercialization process of companion diagnostic products.

Exploration of the pilot program of innovative drugs: The two parties wish to actively explore the opportunities for diversified access to innovative drugs under China’s pilot policies regarding innovative drugs and medical devices for patient benefits.

As a leading anti-tumor precision medicine company in China, OrigiMed will establish a comprehensive digital service platform and optimize the marketing strategy for new anti-tumor drugs and companion diagnostic products based on its excellent next-generation sequencing (NGS) technology and cutting-edge technologies such as gene database, patient follow-up database, and real-world study and evidence.

PR Newswire

City Transformer Selects Powermat Wireless Technology to Charge New Ultra-Light Foldable Electric Vehicle Designed for Urban Mobility

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The next-generation urban electric vehicle (EV) manufacturer will embed Powermat’s advanced wireless charging system to ensure a seamless connected user experience

TEL AVIV, Israel, Dec. 3, 2021 — City Transformer Ltd., designer of the ultra-light folding electric vehicle for urban applications, today announced a critical partnership with advanced wireless charging technology innovator, Powermat Technologies to integrate the company’s wireless charging system into their all-electric, foldable urban mobility vehicle solution.

Designed to become the world’s first foldable, ultralight EV that intelligently transforms its dimensions to adapt to the complexities of urban environments such as traffic and parking, City Transformer features an intuitive, digitized interface with advanced fleet management and built-in information sharing capabilities. The company plans to assimilate Powermat’s in-vehicle connected wireless charging platform to enhance the vehicle’s advanced mobile connectivity features for enhanced convenience and freedom of use.

"The design of a next-generation vehicle that meets city commuters’ complex demands requires incorporating innovative solutions for an enhanced user experience and the integration of highly personalized technology such as Powermat’s wireless in-vehicle charging technology is an excellent example of our innovation strategy," said Udi Meridor, co-founder and Chief of Strategy and Operations at City Transformer. "We added Powermat’s technology to our lightweight transformable EV to ensure each journey will have access to a seamless charging experience while commuting around cities."

Powermat’s in-cabin wireless charging system combined with the advanced connectivity key features found in City Transformer’s vehicles include:

  • Powermat Qi®15w in-cabin universal wireless charging system with extended power protocol specifications, allows users to freely charge any mobile device while using the EV conveniently.
  • Powermat’s Smart Inductive™ technology that combines vehicle communication interfaces with an extended charging range per coil.
  • The technology is proven to be automotive-grade and CISPR 25 Class 5 certified, with an enhanced focus on advanced quality factor foreign object detection capabilities. 

"To enhance the user experience of driving in a City Transformer ultra-light EV, Powermat’s wireless charging technology provides an interconnected, personalized charging solution that offers seamless connectivity features," said Ronen Diamant, VP Sales at Powermat. "City Transformer is a perfect fit for our wireless power solutions and will enable us to continue improving our technology and the customer experience. This strategic relationship answers the EV industry’s demand for a connected, convenient solution for mobility and automotive technology in urban settings."

ABOUT POWERMAT

Powermat specializes in delivering tailor-fitted turnkey in-vehicle wireless charging reference designs for automotive OEMs, global tier-1 suppliers, robotics, and more. Powermat’s in-car 15W Qi® certified reference designs and connected mobile experience offering wireless power and NFC are ready for in-cabin integration and provide a full-performance automotive in-cabin system for vehicles, two-wheelers, public transportation, and aviation.

With over 200 patent submissions and over 100 granted patents dating back to 2007, Powermat enables OEMs, Automakers, and Tier-1 suppliers worldwide to incorporate advanced wireless charging and customize solutions for unique use cases. The company’s field-proven inductive in-car wireless charging technology is already embedded in over 8 million vehicles and adopted by global market leaders such as General Motors, Visteon, and Harman International.

ABOUT CITY TRANSFORMER

City Transformer develops the world’s first all-electric mobility solution that intelligently transforms its dimensions and riding behavior while driving to meet the complex challenges and needs of those who call the world’s largest cities "our home." Designed by city people around what city people truly need, City Transformer electric vehicles park and outsmart traffic like a motorcycle while riding safely and conveniently like a car. City Transformer was voted one of the "top 10 cars of IAA mobility 2021" and named one of the "best inventions of 2020" by Time magazine.

City Transformer vehicles are engineered for superior city riding experiences without compromise, with superior maneuvering capabilities, exceptional parking properties, exceptional low total cost of ownership, and 75% space savings. City Transformer is built on top of a patented highly fleet-ready modular platform that provides outstanding freedom of cabin design for multiple bespoke applications & flexible engagement models.

Media Contact:
Annika Harper
Antenna Group for Powermat Technologies
annika.harper@antennagroup.com

PR Newswire

Addressing Global Challenges through Openness and Trust in Tech

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SHENZHEN, China, Dec. 2, 2021 — Today, Huawei held its TrustInTech Summit 2021 online, under the theme of "Global Collaboration for Shared Value."

Leaders from across the globe attended the event, including Neil Bush, Chairman of the George H.W. Bush Foundation for US-China Relations, Pascal Lamy, Former WTO Director General, 2018 Economics Nobel Prize winner William Nordhaus, ASEAN Deputy Secretary General H.E. Satvinder Singh, NASA Solar System Ambassador Derrick Pitts, and Hou Jinlong, Senior Vice President of Huawei and President of Huawei Digital Power.

Attendees acknowledged that humanity has entered an era in which interests, fates, and futures are all intertwined, and called for coordinated efforts to address common challenges. "We need to mitigate de-globalization, in order to avoid making this world a worse place," Pascal Lamy noted.

Today, fighting climate change is a mission that is shared worldwide, with many countries having announced low-carbon pledges. William Nordhaus said that governments should increase investment in low-carbon technologies and research.

Hou Jinlong further expanded, "By pursuing innovations in clean power generation, energy digitalization, transportation electrification, green ICT infrastructure, and integrated smart energy, we are working with global customers and partners to build low-carbon homes, factories, campuses, villages, and cities."

As of September 30, 2021, Huawei Digital Power has helped customers generate 443.5 billion kWh of green power and save 13.6 billion kWh of electricity. This is equivalent to reducing carbon emissions by 210 million tons and planting 290 million trees.

Participants warned that geopolitics should not stand in the way of technological cooperation and innovation. Neil Bush expressed his concerns about growing global decoupling, "Many are embracing a dangerous zero-sum mentality that defies common sense. China’s success does not take away from ours, and vice versa." He added, "Particularly in the area of technology, when China and the United States collaborate, we can innovate in foundational and revolutionary ways."

International research cooperation has yielded scientific advances. Dr. Derrick Pitts noted the collaboration of seven countries in the International Brain Initiative, the Thirty Meter Telescope, and several other international scientific research cooperation projects. He highlighted that science flourishes best in a climate that encourages diversity and cross-domain partnerships.

Satvinder Singh delivered the closing remarks at the summit, speaking highly of the key role that private companies like Huawei play in inclusive and sustainable economic recovery across ASEAN and beyond.