NextSmartShip Releases Next-Gen AI-Powered Order Fulfillment SaaS for Global Shopify Brands

SHENZHEN, China, Oct. 11, 2021 — NextSmartShip, the leading GLOCAL order fulfillment partner for DTC (Direct-to-Consumers) brands, released its next-gen AI-powered order fulfillment SaaS (Software-as-a-Service) platform "Fulfillship".

The brand-new system features a perfect integration with Shopify and a more flexible, user-friendly and smarter order fulfillment experience. It can auto-sync orders at milliseconds level, keep track of inventory levels across multiple warehouses in real-time, and allow even a starter to easily manage Shopify store orders at zero cost with no minimum order requirement.

"Lacking a powerful and simple order management system has been the Achilles’ heel for most Shopify stores. With a one-stop solution like Fulfillship, online merchants can now enjoy a hustle-free order fulfillment experience with much less investment of cash and time," said William Yu, the CEO and founder of NextSmartShip.

"We wouldn’t say it is a product solely developed by NextSmartship team, because as guided by our genes, we have involved many of our current clients throughout the development process and as a result Fulfillship was greatly improved with their valuable advice and ideas. This co-development process will become our norm and I believe it will bring Fulfillship to a new level very soon."

"LISTEN TO CLIENTS" has been one of the core philosophies at NextSmartShip. With this in mind, it launched a brand-new green packaging solution last month to help e-commerce merchants to shift towards a green journey, and held the very first free-entry virtual global summit on September 10th to share necessary knowledge and critical resources for sellers to survive and thrive in this post-pandemic era.

As Fulfillship set sail today, Shopify brands are now able to save much of their cost in shipping, ERP software, and heavy manpower for handling data calculation and analysis. NextSmartship will continue to harness its core technologies to activate new functions and serve clients’ growing needs towards winning the market.

What’s unique about Fulfillship

Easier

  • Easy to install, one-click in market places like Shopify;
  • Easy to learn in less than 5 minutes with FAQs, video tutorials and live-training;
  • Easy to use, multi-language and intuitive UI.

Smarter

  • Smart shipping options recommendation;
  • Auto order-sync at milliseconds level and smart order information review;
  • Complete and accurate delivery status track of each package;
  • Fully streamlined process enabling much higher processing efficiency and accuracy.

Ever-Evolving

  • More platforms and marketplaces to be supported;
  • Frequent integration of new features;
  • Continuous optimization.

To view more details of the next-gen order fulfillment SaaS – Fulfillship, or try it out now for free, please visit: http://fulfillship.nextsmartship.com

About NextSmartShip

NextSmartShip is a tech-centered GLOCAL logistic powerhouse that strives to help DTC brands of different sizes to elevate their e-commerce business into the next big thing.

With a short history from 2019, the company has been helping thousands of global DTC brands to gain exceptional growth via its professional, stable, and affordable fulfillment services. It now delivers over a million packages per year to international destinations.

For media inquiries, please contact: daniel.camilo@nextsmartship.com

Xi Jinping says reunification a must for China’s rejuvenation on 1911 Revolution anniversary

BEIJING, Oct. 11, 2021 — One hundred and ten years ago, Chinese revolutionaries led by Dr. Sun Yat-sen launched the 1911 Revolution, marking a milestone in the long and arduous journey to realize the rejuvenation of the Chinese nation.

 

Speaking at a commemorative meeting on Saturday to mark the 110th anniversary of the Revolution, Chinese President Xi Jinping called for drawing lessons from the past when achieving China’s complete reunification and driving the great cause of national rejuvenation forward.

"For all Chinese people, achieving national rejuvenation is not only a shared honor but also a shared mission," said Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission.

China must be, will be reunified’

Xi reiterated commitments to strive for national reunification by peaceful means, saying it is in the best interests of compatriots across the Taiwan Straits as well as the Chinese nation while warning that "Taiwan independence" goes against the trend of history and will lead to a dead end.

"The Taiwan question arose out of the weakness and chaos of our nation, and it will be resolved as national rejuvenation becomes a reality," Xi said in his speech at the Great Hall of the People in Beijing, adding that cross-Strait reunification is the common will of all Chinese people.

Xi recalled that the mainland adheres to the basic policies of peaceful reunification and One Country, Two Systems, upholds the one-China policy and the 1992 Consensus and works for the peaceful development of cross-Strait relations.

Noting that the Chinese nation has an honorable tradition of opposing division and safeguarding unity, he added that "secession aimed at ‘Taiwan independence’ is the greatest obstacle to national reunification and a grave danger to national rejuvenation."

Underlining that the Taiwan question is China’s internal affairs and brooks no external interference, Xi expressed the confidence that "the complete reunification of our country will be and can be realized."

A historical inevitability

Longing for a bright future for the Chinese nation, Sun once wrote: "If I believe something to be feasible, even if it may be as difficult as moving a mountain or draining the sea, I will one day bring it to pass."

Recalling these words, Xi on Saturday said that after years of hard work, China’s national rejuvenation has become a historical inevitability, with stronger institutions, firmer material foundations and a more proactive mindset.

"The past 110 years have shown us that to realize national rejuvenation, the Chinese people must have a strong force to lead us forward, and that force is the Communist Party of China," Xi added.

On the road to national rejuvenation, "socialism with Chinese characteristics has proven to be the only correct path," he noted.

He also urged the Chinese people to rely on their own heroic efforts. "Through courage and skill, we will overcome all major risks and challenges that may impede our path to national rejuvenation and resolutely safeguard our national sovereignty, security, and development interests," he said.

Xi urged the Chinese people and nation to learn the patriotic lessons from the 1911 Revolution, stick together through good times and bad and rely on strong unity to overcome risks and challenges on the road ahead.

Realizing national rejuvenation needs not only a stable and united domestic environment but also a peaceful and stable international environment, Xi said.

"Aggression and hegemony are not in the blood of the Chinese people," he pointed out, adding that China will remain a champion of world peace, a contributor to global development, and a defender of the international order, and we will do our very best to make even greater contributions to humanity.

https://news.cgtn.com/news/2021-10-09/Xi-delivers-speech-at-event-marking-1911-Revolution-anniversary-14ddra598o8/index.html

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Lessons in the Wake of the Twitch Data Breach

Unprecedented – that seems to be the word of the decade. In the past five years alone, we’ve seen so many things change; big tech players have faded into the ether, the world has gone through a global pandemic and now, we’re dealing with an increase in data breaches and leaks that could affect all of us. Most recently the world saw Facebook and its services go offline and the massive Twitch.tv breach. While Facebook has said that the issue is simply an error in their network settings, we cannot deny that their credibility has been called into question in recent weeks.

One thing that worries us is the scale and the size of the companies being targeted by attackers now. We can’t deny the size of Facebook; in fact, we interact with one or more of its platforms or products on daily basis. However, when it comes to Twitch.tv, not many are aware that the platform is actually an Amazon property. Yep – you read that right – Amazon.

These companies are large players that we depend on for everything from shopping to keeping in contact with loved ones. As a matter of fact, Amazon powers a significant portion of the internet with its web services AWS.

Noticing this, we were wondering – How can we, as consumers and regular Janes and Joes, prepare and protect ourselves from data breaches?

Attackers & Malicious Actors Are Becoming More Brazen

It comes as no surprise that attackers and malicious actors are becoming more brazen with their attacks and demands. In the case of Twitch’s breach, a slew of hate-related events plaguing the platform spurred it. It was a retaliation against what the individual(s) saw as a lack of action on the platform’s part.

Managing Director at Trend Micro Malaysia, Goh Chee Hoh, notes that “The primary motive for the hacker is not to reveal user information or monetary, but to disrupt and encourage competition in the online video streaming space, where the earnings exposure of the top streamers on the platform becomes part of the collateral damage.”

numbers projected on face
Photo by Mati Mango on Pexels.com

It would seem like we are more at risk of becoming collateral damage as malicious actors continue to target larger corporations. In Twitch’s breach, vigilante justice saw the earnings of the platform’s top streamers became collateral damage. Mr Goh also highlights this in his statement, “It sounds like the perpetrator carried out the attack as a form of vigilantism, in their own perspective.”

So, how does this affect us? For one thing, we can expect even more daring attacks. Large companies like Google, Facebook and even Microsoft won’t be spared. There’s no denying that we interact with one, if not more, of these companies or their services on a daily basis. Some have more of our data than others. That’s where we’re at the most risk.

Companies Need to Learn from Twitch’s Breach

Before we can talk about how we can protect ourselves from breaches, we have to talk about how companies can better protect us, as their users. We already know that many of them have processes, protocols and software in place for protection but there’s always a chance that these measures aren’t enough. I mean, human error is something we can never plan for completely.

Checks and Balances are Key to Maintaining Cyber security

Candid Wuest, Vice President of Cyber Protection Research at Acronis, highlights this in his comment on the Twitch breach, Companies should learn that they need to verify and monitor configuration changes. With IT infrastructure becoming more and more complex the risk of errors raises as well.” Mr Wuest’s statement does seem to apply to the recent Facebook outage as well.

pexels soumil kumar 735911
Photo by Soumil Kumar from Pexels

However, his colleague, Topher Tebow, an analyst at Acronis, goes a step further and highlights the need for zero-trust environments in today’s climate. He advises that companies should have “proper monitoring in place to detect malicious activity on the network, including data being moved out of the network. Many companies assume that if an authorized user is moving data, that the behaviour is most likely acceptable, but if a user’s credentials were compromised or the account was hijacked in some other way, data flowing to an unusual source could allow a security team to detect and block an attack early on if proper monitoring is in place.”

Complement with Proper Cyber security Solutions

Of course, even with these measures, companies need to have a proper defence firewall. Mr Goh does advise that companies should “adopt a multi-layered defence approach, by having security controls at various entry points of the system, from emails, laptops, to servers and networks.” In the case of the Twitch breach, an added layer that integrates with their native cloud services would have provided an extra layer for malicious actors to deal with which could have prevented the breach.

security logo
Photo by Pixabay on Pexels.com

There really isn’t an excuse in this day and age for companies not to have these measures in place. Cyber security firms like Trend Micro and Acronis have been talking about a multilayered approach for years. It is even more crucial that companies take these measures as they embrace the cloud and work from anywhere. What’s more, digital-native companies should be the front line when it comes to the adoption of these measures.

What Can We do if Our Data is Compromised in a Breach?

The biggest pain point for us as consumers comes after the fact – when data breaches have already occurred. To be honest, we don’t really have control of what happens in the aftermath of a data breach. But, we can ensure that we minimise the potential damage that can occur in the wake of a breach.

Our First line of Defense: Change Them Passwords

In any data breach, the first thing we should do as users is to update our passwords. There are multiple ways to ensure you have a strong enough password to protect yourself. The first is to make sure you have a mix of characters, symbols and numbers. Doing this will make it harder for your password to be cracked.

On top of that, it goes without saying that longer passwords will take longer to crack. However, keep in mind that passwords that are too long have diminishing returns when it comes to remembering them. Another thing to remember is that dictionary words even with symbols replacing alphabets are less secure. While it is easy to remember, we’re in a world where AI has made it possible to understand and decode these even faster than ever.

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Image by Gerd Altmann from Pixabay

In addition, keep in mind that the more you use the same password, the less secure it is. In fact, you become more at risk in a data breach. Therefore, use multiple different passwords; preferably a unique one for each service you use. It goes without saying, don’t use your banking passwords for anything else.

Two-Factor Authentication is Your Friend

As we’re moving on in a digital world, more and more of our services are using two-factor authentication. These measures, while cumbersome, will ensure that access to your accounts is more secure. This is implemented in multiple ways across different platforms using email, SMS or an app.

Using two-factor authentication adds an additional layer to access your account. In most cases, it will notify you when your account is being accessed. This will allow you to react immediately. Many of these two-factor authentication steps allow you to immediately lock down your account and change your password.

Be Vigilant

We will need to be vigilant in the wake of a data breach even if we are not directly affected by it. Acronis’ Candid Wuest reminds us that “data stolen in data breaches is often reused in personalized phishing emails”. With this in mind, keep an eye out for fishy emails or even Nigerian princes. Sometimes information from breaches can allow malicious actors to socially engineer phishing attacks that can mimic emails that you will find urgent or pertinent.

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Image by Msporch from Pixabay

If you had banking or payment information linked to a breached account, you may have to monitor your bills more closely. Your other option is to cancel or change the card in question to make sure that you are able to minimise damage.

It’s a Question of When Not If

The biggest lesson all of us, consumers and companies alike, can take away from the recent breach of Twitch is this; it’s no longer a question of if we will be breached but when we will. It’s an inevitable fact as we progress into a more digital world. As more of our information is placed in the cloud and with corporations, they are increasingly made available to malicious actors if not protected effectively.

The fallout from a data breach is not pretty. More so now when countries have legislation that protects the general public from their data being abused. For companies, the fallout can affect their bottom line as customers look for more secure options. In addition, with GDPR and similar legislation, they could be facing fines for not effectively protecting the collected data.

For regular users like you and me, we have the added headache of trying to make sure we minimise our exposure. Everything from changing our passwords to activating two-factor authentication to even calling the bank to cancel cards; are added inconveniences that could affect our choice in services moving forwards.

ISN improves productivity by 266% with AMR solution by Körber and Locus Robotics


HAMBURG, Germany, Oct. 9, 2021 Automotive tool & equipment distributor is deploying integrated automation solution across three distribution centers in the US. 

ISN improves productivity by 266% with AMR solution by Körber and Locus Robotics
ISN improves productivity by 266% with AMR solution by Körber and Locus Robotics

Körber and long-time strategic partner Locus Robotics, the global leader in warehouse robotics, have joined together to deploy 49 autonomous mobile robots (AMRs) across Atlanta, Fresno, and Indianapolis for Integrated Supply Network (ISN).

The solution was initially implemented in ISN’s Atlanta location in just 90 days. This has already shown exceptional results. Picking quality, accuracy, and speed were significantly improved – from 30 to 110 picks per hour, equating to a productivity increase of 266%. ISN also significantly reduced travel times for workers, freeing up time for them to carry out other critical tasks. 

"With the AMRs, we have been able to significantly improve operations. Adoption of the AMRs has reduced physical stress of our workers, improving quality of work and as a result has increased job satisfaction. Additionally, we are reinvesting cost savings achieved with the AMR integration into higher wages for our warehouse associates, further boosting retention," says Theron Neese, Chief Supply Chain Officer at ISN.

ISN’s customer service includes picking and shipping on the same day, so high efficiency is key. The company has grown at an extraordinarily fast rate, leading to the expansion of the size of its distribution centers. Small package shipments increased from 50% pre-pandemic to 80%, adding even further fulfillment complexities. With a high reliance on warehouse labor, the current climate has brought about staffing challenges with high turnover rates amongst the competitive job market. A longtime user of a K.Motion Warehouse Management System (WMS), ISN turned to Körber to overcome these challenges with LocusBots.

"The Locus Solution allows ISN to gain higher productivity levels with the existing workforce, while also significantly improving the overall workplace environment," said Rick Faulk, CEO of Locus Robotics. "Locus also helps reduce the cost of labor recruitment, training, and retention costs, as workers spend less time walking and more time picking. And because the Locus bots handle the travel and transport of the items, workers are less fatigued and more motivated."

Bill Ryan, CEO Software North America, Körber Business Area Supply Chain, adds: "Deploying Locus Robotics’ AMRs allows ISN to improve the efficiency of their operations, overcome labor shortages and quickly scale their operations to meet rapid market growth. The successful deployment at the Atlanta site has shown that Kӧrber’s solution can be seamlessly integrated with existing system environments in a short amount of time, without disruption."

Following a successful phase one, ISN has just launched AMRs at its Fresno site with the deployment in Indianapolis following soon. The automotive tool & equipment distributor is also expanding the AMR usage to the put away process to drive further efficiency improvements.

About ISN

ISN is North America and Europe’s leading independent, wholesale distributor and private brand owner of tools, equipment and supplies in the automotive industry. With almost double the relative market share, the ISN team is positioned for growth. For 35 years, ISN has been driven to exceed expectations with sophisticated logistics, state-of-the-art technology, strategically located warehouses and a unique infrastructure. Excellence in service is routine, but our real passion is innovation to anticipate our customers’ needs in a rapidly evolving world.

About Locus Robotics

Locus Robotics’ revolutionary, multi-bot solution incorporates powerful and intelligent autonomous mobile robots that operate collaboratively with human workers to dramatically improve piece-handling productivity 2X-3X, with less labor than traditional picking systems. This award-winning solution helps retailers, 3PLs, and specialty warehouses efficiently meet and exceed the increasingly complex and demanding requirements of fulfillment environments. Locus robots may be integrated as easily into existing warehouse infrastructures as into new warehouses without disrupting workflows, instantly transforming productivity without transforming the warehouse. www.locusrobotics.com.

About the Körber Business Area Supply Chain

Supply chains are growing more complex by the day. Körber uniquely provides a broad range of proven, end-to-end supply chain solutions fitting any business size, strategy or appetite for growth. Capable of delivering not just software, but automation, voice, robotics, and materials handling – plus the expertise to tie it all together. We are a global partner not just for today, but also as the needs of supply chains continue to evolve. Conquer supply chain complexity – with Körber. The Business Area Supply Chain is part of the global technology group Körber. Find out more on www.koerber-supplychain.com  

Contact:

Heather Smith
Director Corporate Communications
Körber Supply Chain
Heather.smith@koerber-supplychain.com
T +1 800 3283271

 

Related Links :

https://www.koerber-logistics.com/en/home.html

Cognigy Named a Leader in IDC MarketScape for General-Purpose Conversational AI Platforms


Cognigy has been recognized as a Leader in the IDC MarketScape: Worldwide General-Purpose Conversational AI Platforms 2021 Vendor Assessment

DÜSSELDORF, Germany and SAN FRANCISCO and SYDNEY, Oct. 9, 2021 — Cognigy, a global leader in omnichannel customer service automation, has been named a Leader in the IDC MarketScape: Worldwide General-Purpose Conversational AI Platforms 2021 Vendor Assessment (Doc #US47354421 , October 2021). Cognigy is recognized for its AI strategies in the report, which covers a selection of vendors that are most conducive to success in providing AI services in both the short-term and the long-term.

Cognigy named Leader in IDC MarketScape Report Worldwide General-Purpose Conversational AI Platforms, 2021
Cognigy named Leader in IDC MarketScape Report Worldwide General-Purpose Conversational AI Platforms, 2021

"The conversational AI software platforms that the IDC MarketScape has evaluated have shown that organizations can develop and deploy sophisticated AI-based conversational agents that can truly interact and provide a wide range of self-service that wasn’t possible only a few years ago," says Hayley Sutherland, IDC’s analyst on the assessment alongside David Schubmehl. "Cognigy has created a multilingual, multichannel conversational AI platform with a low-code development environment that enables both business users and developers to create conversational AI applications across the enterprise."

As part of this evaluation, IDC analysts spoke with dozens of organizations using these conversational AI software platforms to develop and deploy applications that are providing great customer and employee service and generating significant return on investment.

The IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the circles.

"As a leader in customer service automation, we are honored to be recognized in a Leader category in this 2021 IDC MarketScape assessment as a multilingual, multi-channel Conversational AI platform. We place high value on our client services which has helped us to develop working solutions alongside our clients to provide a quality experience," says Cognigy CEO Philipp Heltewig.

Strengths of Cognigy include:

  • Strong technology support: Cognigy has developed very strong natural language processing capabilities as well as an extensive low-code developer toolset for creating and deploying conversational AI applications. Its natural language understanding (NLU) capabilities include support for over 100 languages and dialects including variations of English, Spanish and Portuguese. 
  • Broad based channel capabilities: Cognigy supports a wide range of digital channels including text messaging/SMS, rich web chat, email, Facebook Messenger, WhatsApp, Slack, Microsoft Teams, and others.
  • Voice capabilities: Cognigy Voice Gateway is a turnkey solution to deploy virtual voice agents for automated phone conversations, allowing seamless integration into any existing voice network and can connect to various engagement channels from where users initiate calls: SIP Trunk, PSTN or cellular, Enterprise Unified Communications (UC) and IP-PBXs, Contact Centers or WebRTC. It supports agent assist, intelligent routing, outbound voicebots and other use cases.

To read an excerpt of the report, visit www.cognigy.com/idc-marketscape-leader-2021.

About Cognigy

Cognigy is a global leader in omnichannel Customer Service Automation. Intelligent voice and chatbots powered by its Conversational AI platform help businesses improve service quality, reduce operational costs, and support teams across the enterprise. Cognigy’s award-winning AI understands user intents precisely and enables natural dialogs in over 100 languages. Easily scalable and pluggable, its low-code platform automates business processes through integrations into backend systems, operates as SaaS and on-premise, and is GDPR compliant. Cognigy’s worldwide client portfolio includes BioNTech, Bosch, Daimler and Lufthansa. Learn more at cognigy.com.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

Photo – https://mma.prnasia.com/media2/1656059/Cognigy_MarketScape.jpg?p=medium600  
Logo – https://mma.prnasia.com/media2/1656058/Cognigy_Logo.jpg?p=medium600  

Related Links :

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Renren Announces Signing of Stipulation of Settlement Regarding Shareholder Derivative Litigation

PHOENIX, Oct. 9, 2021 — Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), a SaaS company, today announced that it has entered into a Stipulation of Settlement (the "Stipulation") as a nominal defendant with respect to the consolidated shareholder derivative lawsuits currently pending in New York State Supreme Court, Commercial Division (the "Court") under the caption In re Renren, Inc. Derivative Litigation, Index No. 653594/2018 (Sup. Ct. N.Y. Cty.) (the "Action"). The other parties to the Stipulation include Oak Pacific Investment ("OPI") and the other named defendants in the Action (together with OPI, the "Defendants"), as well as Heng Ren Silk Road Investments LLC, Oasis Investments II Master Fund Ltd., and Jodi Arama (together, the "Plaintiffs") who have purported to bring claims derivatively on behalf of Renren.

If the Stipulation and the settlement and resolution of the Action contemplated therein (the "Settlement") is approved by the Court and the Settlement becomes effective, then, among other things, (a) the Action will be dismissed with prejudice, (b) the release of the Released Plaintiffs’ Claims (as defined in the Stipulation) will become effective, and (c) the administrator approved by the Court will distribute the Settlement Fund (as defined below) pursuant to the Settlement.

In connection with the Settlement, the Defendants will create a common settlement fund (the "Settlement Fund"), which amount, before any reductions for Settlement Fund Expenses (as defined below), will be the greater of $300,000,000 or the sum of (a) $38.6866 per ADS (as defined below) multiplied by the number of issued and outstanding ADSs held by Renren Shareholders as of the Record Date (as defined below) and (b) $0.859701 per Class A ordinary share multiplied by the total number of issued and outstanding Class A ordinary shares held by Renren Shareholders as of the Record Date. "Settlement Fund Expenses" include: (i) any taxes payable on any income generated by the Settlement Fund; (ii) notice costs, distribution costs, and administration expenses; (iii) any attorneys’ fees and expenses awarded by the Court to the Plaintiffs’ counsel; (iv) any other fees and expenses awarded by the court; and (v) any administrator fees associated with the Settlement. 

Renren Shareholders, defined as holders of Renren’s Class A ordinary shares and American depositary shares ("ADSs"), each currently representing 45 Class A ordinary shares, as of the Record Date but excluding the Defendants and D&O Releasees (as defined below) will be entitled to receive a pro rata share of the Settlement Fund, after deducting the Settlement Fund Expenses. "D&O Releasees" are individuals that served as Renren directors and/or officers in June, 2018 and specifically identified as D&O Releasees in the Stipulation.

The "Record Date" will be set by Renren’s Board of Directors on the earliest practicable date after the approval of the Settlement by the Court has become Final (i.e., the date on which the time for taking an appeal of the Settlement expires or any such appeal has been disposed of) consistent with the terms of Renren’s Deposit Agreement and/or the requirements of any applicable New York Stock Exchange rule(s) or other applicable securities laws and regulations. Once the specific date of the Record Date is determined, Renren will file a Form 6-K to publicly announce that date. 

As the Settlement is subject to approval by the Court and the fulfillment of other conditions set forth in the Stipulation, which involve inherent risks and substantial uncertainties, there is no guarantee that the Settlement will be consummated as contemplated under the Stipulation or at all.

The foregoing summary of the Stipulation is qualified in its entirety by reference to the complete text of that document, which will be filed as an exhibit to the Form 6-K that the Company intends to promptly file with the Securities and Exchange Commission thereafter, attaching this press release as an exhibit thereto.

About Renren Inc.

Renren Inc. (NYSE: RENN) operates several US-based SaaS businesses including Chime, a CRM and Marketing Automation platform, and Trucker Path, a trip-planning and business app for long-haul truckers. Renren’s ADSs, each currently representing 45 Class A ordinary shares of the Company, are traded on NYSE under the symbol "RENN".

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. Renren may also make written or oral forward-looking statements in its filings with 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 statements about Renren’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, which could cause actual results to differ from the forward-looking statements. In particular, as the proposed Settlement is contingent upon, among other things, obtaining the necessary court approval, the Company cautions investors that the forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and Renren does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Related Links :

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GitLens for Visual Studio Code, and its creator Eric Amodio, Join GitKraken


Eric Amodio joins GitKraken as Chief Technology Officer in GitLens acquisition

SCOTTSDALE, Ariz., Oct. 9, 2021 — GitKraken, creator of the world’s leading Git GUI and CLI, announced the acquisition of GitLens, the most popular Git extension for Visual Studio Code. GitLens was created by Eric Amodio in 2016, and has since been developed and maintained nearly exclusively by Amodio in his spare time. He joins GitKraken and will serve as the company’s Chief Technology Officer, to lead GitLens and GitKraken’s entire suite of popular Git collaboration and productivity tools.

GitKraken Acquires GitLens for Visual Studio Code
GitKraken Acquires GitLens for Visual Studio Code

GitLens is a free open-source Git extension for VS Code with more than 11 million active users and 71 million downloads in the past five years. Of more than 30,000 VS Code extensions, it is one of the most popular. It is relied upon by developers, DevOps professionals and enterprise teams around the world, to help them better understand and work with code. GitLens unlocks the untapped knowledge within each repository to help visualize code authorship, seamlessly navigate and explore Git repositories, and gain valuable insights via powerful comparison commands.

"I’ve always been passionate about making software development easier, more accessible, and inclusive. My mission with GitLens has been to make code easier to understand by leveraging the knowledge within each Git repository and making it accessible to everyone," said GitLens founder, Eric Amodio. "I am incredibly excited to join the GitKraken team to take our shared vision and accelerate it to create something truly wonderful together."

Amodio is an innovator, leader, architect, and seasoned full-stack developer. He is joining the GitKraken team to lead the continued development of GitLens for VS Code users, transitioning his GitLens involvement from a passion project on nights and weekends, to a full-time focus.  By joining GitKraken, GitLens will have the full support and resources of a rapidly growing software company that specializes in Git collaboration and productivity solutions for development teams. 

"GitKraken is on a mission to make Git easier, safer, and more powerful for developers and DevOps teams of all sizes," GitKraken CEO, Wayne Williams said. "The addition of Eric to the leadership team, and GitLens to the product line, could not be a better fit. His knowledge, vision, and leadership will help us advance the Git user experience across developer and DevOps surfaces."

GitKraken’s acquisition last month of Git Integration for Jira, increased its capabilities, reach and user base. With the GitLens acquisition, GitKraken’s user base is now well over 10 million developers and technology leaders from more than 100,000 companies around the world.

GitKraken is committed to developing GitLens for the Visual Studio Code platform. GitLens users can rest assured it will remain available for free and open source, and will continue to be invested in. GitLens users can find more information in this announcement article.

Developers and DevOps professionals can download the free GitKraken Git client and the free GitLens Git extension in the VS Code Marketplace.

About GitKraken
GitKraken is an Arizona-based software company with headquarters in Scottsdale, AZ, and EU offices in Spain. It is the leading provider of Git productivity and collaboration solutions like the GitKraken Git client and Git Integration for Jira, relied on by 6 million developers in Agile DevOps teams at 85,000 companies around the world. The company was founded as Axosoft in 2002 and, in 2020, took on strategic equity investment from Resurgens Technology Partners, a private equity firm that is focused on high-growth software companies.

About GitLens
GitLens is a free open-source Git extension for Visual Studio Code. In only five years, this product has more than 11 million active installs and 71 million downloads. GitLens was created by Eric Amodio in 2016, and has since been developed and maintained nearly exclusively by Amodio.

Contact: Sara Stamas, VP of Marketing, GitKraken
Email: saras@gitkraken.com

 

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Index

The ASUS ROG Phone 5s Series Soon to be Available in Malaysia for MYR 2,999 Onward!

The ASUS ROG Phone 5s was launched in Taiwan just last month. Technically the device only became available in Taiwan very late last month on the 30th of September 2021. Then again, the ROG Phone 5 Ultimate just landed in Malaysia not that long ago too.

Still, while the ROG Phone 5 Ultimate remains fresh, ASUS decided its time to launch their latest most powerful ASUS ROG Phone to date in Malaysia. If you have forgotten about the ASUS ROG Phone 5s, you get Qualcomm’s latest and greatest Snapdragon 888+ platform. Yes, it will be marginally more powerful than the ASUS ROG Phone 5 series.

  • Pre order ROG Phone 5s
  • ROG Phone 5s
  • ROG Phone 5s Accessories
  • ROG Phone 5s Pro

Other than the System on a Chip platform that differs from the ROG Phone 5s and ROG Phone 5, there is not much else that separates the two devices. They virtually look the same, and you might think that they might be the same devices put side-by-side. The ROG Phone 5s also comes one regular variant, and one Pro variant, very much like the older ROG Phone 5. There is no Ultimate variant for this though.

You can regard the 5s Pro as the replacement to the ROG Phone 5 Ultimate though. The Pro variant comes with an overkill 18GB of RAM space and 512GB of storage. That is alongside the Qualcomm Snapdragon 888+. You also get the little customizable ROG Vision OLED display at the back of the device with the ASUS ROG Phone 5s Pro.

VariantsRetail priceAvailabilityWarranty RemarkColour
SD888+/8GB Ram/128GB StorageRM2,999Oct-211 YearNot included: AeroActive cooler Phantom Black & Storm White
SD888+/16GB Ram/256GB StorageRM3,799Oct-211 YearNot included: AeroActive cooler Phantom Black & Storm White
Pro
SD888+/18GB Ram/512GB Storage
RM4,999Oct-211 YearIncluded: AeroActive cooler
ROG Vision: Coloured
Phantom Black
AccessoriesPriceAvailabilityWarranty
ROG Kunai 3 Gamepad
(for ROG Phone 5)
RM499Oct-213 Months
LIGHTING ARMOR CASE (ROG5)RM199Oct-213 Months
AeroActive Cooler 5RM149Oct-211 Year
ROG ClipRM149Oct-213 Months
ROG Phone 5 Screen ProtectorRM79Oct-21nil
ROG KUNAI 3 BUMPERRM69Oct-213 Months
ROG 1.8M USB-C TO C CABLERM59Oct-216 Months

The ROG Phone 5s series will be available in Malaysia from the 21st of October 2021 onward. The device will be available in two colours – Phantom Black and Storm White. The top-of-the-line Pro variant will be available only in one colour option though, the Phantom Black. You also only get the AeroActive cooler bundled with the Pro variant. The regular device starts at MYR 2,999 (8GB + 128GB). There is also a second option (16GB + 256GB) that retails at MYR 3,799. The range-topping Pro variant meanwhile will be sold for MYR 4,999. For more information on the ASUS ROG Phone 5s and its Pro variant, you can visit their website. Or, you can pre-order your ASUS ROG Phone 5s or ROG Phone 5s Pro now.

Expo 2020: Haier Smart Home Makes its Mark in the Carbon Neutral World with Customized Magnetic Bearing Centrifugal Chiller Solution at China Pavilion

DUBAI, UAE, Oct. 8, 2021 — Haier Smart Home ("Haier", Shanghai: 600690), the world’s leading home appliance brand and smart home ecosystem builder, has made waves globally with its customized Magnetic Bearing Centrifugal Chiller system ("the System") at Expo 2020 Dubai, which kicked off on October 1. The system was used at the "The Light of China" Pavilion — one of the largest pavilions at this year’s Expo.

Expo 2020: Haier Smart Home Makes its Mark in the Carbon Neutral World with Customized Magnetic Bearing Centrifugal Chiller system at China Pavilion.
Expo 2020: Haier Smart Home Makes its Mark in the Carbon Neutral World with Customized Magnetic Bearing Centrifugal Chiller system at China Pavilion.

Fully customized by Haier Commercial Air Conditioning, the System integrates a number of leading global technologies, including Magnetic Bearing Centrifugal Chiller and multiple connections through an IoT hub. Haier air conditioning includes features such as self-connectivity, self-energy saving and self-operation, with different solutions tailored for individual spaces within the Pavilion. Haier’s air conditioning system was realized to cover the entire space whilst reducing energy consumption — leaving a cool and comfortable first impression for visitors.

Haier Commercial Air Conditioning adapted the system to maintain efficient and stable operations and run without degradation in an environment where temperatures soar to 50°C. "In response to the unique air conditioning requirements of Dubai’s tropical climate, Haier has added a separate vapor-liquid separator to mitigate high ambient temperatures, which can leave the shaft vulnerable to the impacts of coolant during the compressor start-up process," Zhan Jie, General Manager of Haier Commercial AC Overseas Market introduced. "In addition, the compression system features both a high and low-pressure side for different ratios, and Haier’s patented high-pressure ratio shutdown control scheme effectively protects the compressor bearings."

The System has also been customized to account for the shortage of local water resources in Dubai and the unique conditions required for seawater desalination. The System uses air-cooling to save precious water resources. Furthermore, the internal configuration of the air conditioning features a customized high static pressure duct and ball spout jet were customized for the overall design of the China Pavilion.

Haier Commercial Air Conditioning has further adapted its system to different settings throughout the conference –  maintaining a constant temperature and humidity level for open area, whilst ensuring to operates with customized frequency conventions for enclosed spaces. The heat exchanger helps the space meet fresh air volume standards, while the offices have an energy-saving solution to reach healthy air requirements of 30m³/h/person.

In line with global trends towards carbon neutrality, Haier Commercial Air Conditioning designed its system to reduce carbon emissions and support the development of green venue spaces. The system halves energy and electricity requirements compared to ordinary central air-conditioning systems — even under the rigorous demands of Dubai’s high temperatures.

For more information about Haier Smart Home, please visit here.

Kuke Announces Commencement of 24th Beijing Music Festival

BEIJING, Oct. 8, 2021 — Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading provider of classical music content, licensing, subscription, and smart music learning solutions in China, today announced that the 24th Beijing Music Festival ("BMF," or the "Festival") will commence on October 9th and run until October 24th, celebrating this year’s theme of "Masters and Celebrations." Spanning across 16 days, the Festival will host audiences featuring 18 sets in 20 main concerts, encompassing genres including symphonic music, opera, vocal music, chamber music, percussion music, and orchestral film music.

The 24th BMF will not only host exciting professional performances, but will also feature children’s concerts, "Music at Noon" concerts, master classes, lectures, and other public events for various audiences. These programs will serve to facilitate multi-dimensional dialogue between Chinese and foreign composers. It will also feature performances of masterpieces including some of China’s premier compositions of various genres, paying tribute to the pathfinders and innovators in the long history of classical music while presenting a magnificent, panoramic view of classical music culture.

Mr. Long Yu, Director of Kuke and founder of the Beijing Music Festival, commented, "Building a platform for young musicians to showcase their talents and letting the world hear the voices of young Chinese musicians are the most dedicated missions of the Beijing Music Festival. We have been ceaselessly exploring new changes and innovations in our performances over the years. Hosting performances such as our ‘Urban Series,’ ‘Immersive Opera,’ and our ‘Music Carnival’ at key commercial landmarks in Beijing, reflects our endeavors to showcase the cutting edge of music culture to audiences through the lens of an international and innovative perspective, as we continue our persistence in promoting the festival and expanding its cultural influence."

Mr. He Yu, Chief Executive Officer of Kuke, commented, "We are very excited to celebrate another year of the Beijing Music Festival. The festival not only entertains and delights classical music fans, but also serves as a platform to showcase the musical talents of young Chinese musicians and plant the seeds of appreciation for classical music in the next generation of musical talent. This serves as an important part of our classical music learning ecosystem, which we have established to serve the entire career development cycle of music students from inception to album publishing. We have spared no effort in organizing our 24th Beijing Music Festival and look forward to entertaining music fans, showcasing the amazing musical talent in our programs, and enhancing appreciation of classical music to amplify the impact of elegant music worldwide."

About Kuke Music Holding Limited

Kuke is China’s leading comprehensive music group encompassing the entire value chain from content provision to education services. By collaborating with its sister company Naxos, the world’s largest independent classical music content provider in the world, the foundation of Kuke’s extensive classical music content library is its unparalleled access to more than 900 top-tier record companies. Leveraging its market leadership in copyrighted classical music content in China, Kuke provides highly scalable classical music licensing and subscription services to over 700 universities, libraries and online music platforms. In addition, it has hosted Beijing Music Festival ("BMF"), the most renowned music festival in China, for 23 consecutive years. At the same time, Kuke provides consumers with premium music content, music literacy education, talent competitions, and public performances through its apps, Kuke Music and BMF Club. Through KUKEY, the Company’s proprietary AI music education system, Kuke aims to democratize music education via technological innovation, bring fascinating music content and professional music techniques to more students, and continuously improve the efficiency and penetration of music learning. By integrating music content and education, Kuke is constructing a unique AI-driven music education ecosystem and providing students with full life-cycle music programs.

Investor Relations Contact:

Kuke Music Holding Limited
Email: IR@kuke.com
Phone: +1 (212) 321-0602

Related Links :

http://www.kuke.com