Yearly Archives: 2021

PR Newswire

CGTN: How will China, a unified multi-ethnic country, address ethnic affairs in new era?

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BEIJING, Aug. 30, 2021 — An unequivocal message concerning China’s ethnic affairs has been conveyed at a two-day meeting that concluded Saturday, as China, a unified multi-ethnic country, embarked on a new journey to fully build itself into a modern socialist country.

 

Forging a strong sense of community for the Chinese nation must be the focus of the Communist Party of China’s (CPC) work on ethnic affairs in the new era, said President Xi Jinping while addressing the central conference on ethnic affairs.

The central conference on ethnic affairs, held in Beijing on Friday and Saturday, was the fifth conference of its kind since China’s reform and opening-up, following those in 1992, 1999, 2005 and 2014.

Consolidating sense of community for the Chinese nation in new era

Summarizing past experience, Xi said the CPC’s work on ethnic affairs should serve the goal of realizing the great rejuvenation of the Chinese nation and efforts should be made to enhance ethnic unity and promote common prosperity among all ethnic groups. He also underscored the importance of safeguarding China’s sovereignty, security and development interests, calling for efforts to strengthen patriotism among all ethnic groups.

Consolidating the sense of community for the Chinese nation is necessary for protecting the fundamental interests of all ethnic groups, realizing national rejuvenation, and developing socialist ethnic relations characterized by equality, unity, mutual assistance and harmony, he said at Saturday’s meeting.

The sense of community for the Chinese nation is not a new notion. It was put forward by Xi at the second central work conference on Xinjiang in May 2014. He once again highlighted the importance of laying a solid foundation for the sense of community for the Chinese nation at the central conference on ethnic affairs held in September 2014. The idea was enshrined in the Party’s Constitution at the 19th CPC National Congress in October 2017.

Xi called for innovation and development in CPC’s work on ethnic affairs so as to better protect the legitimate rights and interests of all ethnic groups. An important principle is to enhance commonalities while respecting and tolerating differences, he said on Saturday.

All ethnic groups should prioritize the interests of the Chinese nation, and the sense of each ethnic group should be subordinated to and serve the sense of community for the Chinese nation, he stressed. In the meanwhile, the specific interests of each ethnic group should be well addressed in the process of realizing the interests of the Chinese nation as a whole, he added.

Xi called for efforts to accelerate socialist modernization among all ethnic groups. Differentiated policies should be made to support the reform and opening-up in ethnic minority regions, he said. The sense of gain, happiness and security should be enhanced for people of all ethnic groups, he stressed.

Exchanges and integration among ethnic groups should be encouraged, he said. Measures should be taken to create an environment where people of different ethnic groups can embed themselves spatially, economically, socially and psychologically, he said.

Xi stressed the importance of preventing major risks related to ethnic affairs. Ideological issues that involve ethnic elements should be handled actively and properly, he said, adding that continuous efforts are needed to eradicate separatist and extremist ideas. He also called for strengthening international cooperation in fighting terrorism.

https://news.cgtn.com/news/2021-08-28/Xi-stresses-high-quality-development-of-Party-s-work-on-ethnic-affairs-1364xXfhBK0/index.html

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Stibo Systems receives SOC 2 Type I report

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SYDNEY, Aug. 30, 2021 — Stibo Systems, a global leader in multidomain Master Data Management (MDM) solutions, has received the SOC 2 Type I report from external auditors. The report is issued by the American Institute of Certified Public Accountants (AICPA) and serves as a third-party testament to the design and quality of the procedures and controls implemented for the company’s Software-as-a-Service (SaaS) offering. "We have proven that we have documented procedures and controls in place. And we have provided evidence that they are used in the best interest of our customers," says Martin Samuel Nielsen, Chief Information Security Officer of Stibo Systems. "As a Master Data Management SaaS provider, we securely manage our customers’ data to protect their organizations and the privacy of their clients." Stibo Systems’ customers are primarily asking for cloud solutions. More than 80 percent of the company’s new customers are choosing a Software-as-a-Service master data management solution.

About Stibo Systems

Stibo Systems, the master data management company, is the trusted enabler of data transparency. Our solutions are the driving force behind forward-thinking companies around the world that have unlocked the strategic value of their master data. We empower them to improve the customer experience, drive innovation and growth and create an essential foundation for digital transformation. This gives them the transparency they require and desire – a single, accurate view of their master data – so they can make informed decisions and achieve goals of scale, scope and ambition. Stibo Systems is a privately held subsidiary of the Stibo A/S group, founded in 1794, and is headquartered in Aarhus, Denmark. More at stibosystems.com.

PR Newswire

Qeeka Home 2021 Interim Revenue Up 66.5% to 524 Million RMB

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SHANGHAI, Aug. 27, 2021 — On August 24, Qeeka Home (01739.HK, operator of Jia.com in China) (the "Company"), a SaaS enabled solution platform serving China’s interior design and construction sectors, released its H1 2021 financial results. For the first half year of 2021, the Company’s total revenues increased by 66.5% year-over-year to 524 million RMB (approx. US$81 million), while revenue from the SaaS and Extended Services business rose by 38.4% to 309 million RMB. Adjusted net profit attributable to shareholders improved to 20.54 million RMB, up 286.3% year on year.

The solid growth in revenue was attributed to Qeeka Home’s implementation of its SaaS strategy, which assisted home improvement and interior design firms in adapting to industry changes and in embracing new industrial forms. The roll-out of the strategy helped the home improvement sector recover, while significantly enhancing the Company’s operational efficiency. "Aggressive and effective empowerment initiatives have helped us to increase the amount of business we receive from our active paying merchants and enhance their stickiness, as well as significantly heighten our appeal to the home improvement firms and interior designers that have not yet registered on our platform," said Qeeka Home chairman and CEO Deng Huajin.

Revenue from the main business grew 38.4%, with SaaS services as the core driver

As one of the largest service platforms serving China’s home improvement sector, Jia.com continued the roll-out of its SaaS service platform strategy, providing home improvement firms with comprehensive business solutions covering marketing, supply chain procurement and SaaS services, helping them to improve their core competitiveness in terms of marketing, branding and supply chain, to precisely target potential customers, reduce costs and increase efficiency, while empowering them to expand efficiently.

During the first half of 2021, the minor COVID-19 outbreaks in China nevertheless impacted industrial production and people’s daily lives. Against this backdrop, the digital transformation of virtually every industry in China became an inevitable "must do". For a long time, the home improvement and interior design sectors, due to their inherent nature, had been characterized by many pain points such as low access threshold, long industry chain, great dependence on offline delivery and difficulties in standardization and transformation. The pandemic hit home improvement firms that had not yet started their digital transformation hard, leaving them struggling or even experiencing negative growth.

Having been a player in the home improvement and interior design sectors for many years, Qeeka Home has collected a massive amount of industry data and practical experience by virtue of having served tens of thousands of firms. This has led Qeeka Home to be a driver in improving the efficiency of the industry by empowering the digital upgrade of the firms. The Company supports across-the-board digital upgrades of home improvement firms covering all chains, providing a practical path for the firms to cope with the COVID-19 crisis and realize rapid transformation.

The interim report shows that Qeeka Home’s businesses currently consist of two main segments – SaaS and Extended Service Business as well as Interior Design, Construction and other Business. The SaaS and Extended Service Business segment is further broken down into sub-segments including SaaS, Marketing Services and Supply Chain Service. As the Company’s core business, the SaaS and Extended Service Business booked revenue of 309 million RMB for the first half, up 38.4% year-on-year. SaaS subscription fees reached 15.33 million RMB, up 52.5% year-on-year, while marketing revenue rose to 265 million RMB, up 38.8%.

Qeeka Home said that the solid growth was mainly driven by the increase in revenue from the SaaS and Extended Service Business due to the increase in the number of active paying merchants, and by the continuous optimization and adjustment in the Company’s internal structure. This has improved the organizational and operational capabilities of the team and resulted in significant cost reduction and efficiency gains. At the end of the first half of 2021, the number of new paying merchants on the platform had climbed to 1,082, with a merchant retention rate of 93%, a testament to the company’s sound growth.

With the gradual increase in the industry-wide digitalization rate, Qeeka Home’s SaaS-enabled strategy began to serve as the industry’s digital infrastructure, providing a one-stop solution to the home improvement firms that need to digitize their marketing, operation and supply chain services. Meanwhile, the strategy also became Qeeka Home’s core growth driver.

Active paying merchants increase by 33.8%: improving industrial efficiency through digitalization

China’s home improvement and interior design market is valued at some trillion RMB, with demand for home improvement and the outfitting of new homes remaining stable. According to the 2020 China Internet Home Improvement Industry Report published by Fastdata, the overall size of the market in 2020 had reached 2.61 trillion RMB. Despite the market’s massive size, the Matthew Effect of accumulated advantage in the industry is obvious. The digitalization rate is low, with only 9.7% of transactions happening online and only 19.2% of the firms having undertaken or in the process of digitalizing. As a result, actively embracing digital transformation has become a consensus across the industry.

As a professional service platform serving the industry, Qeeka Home, by grasping the opportunities brought about by the industry’s ongoing digital transformation, has adjusted and optimized its own development logic and service system. The Company has also put further focus on integrated SaaS solutions for home improvement firms based on SaaS subscription services, which are synergistically empowered by marketing services, supply chain procurement and innovative value-added services. In other words, Qeeka Home hopes to use its rich big data and technology-enabled capabilities to help home improvement firms solve the operational inefficiency and frequent inability to truly compete due to the lack of digitalized operations.

Qeeka has assumed a leadership role in the provision of home improvement and interior design SaaS solutions. As for digital marketing, Qeeka Home has not only collected a huge number of sales leads, but also helped home improvement and interior design firms achieve efficient transformation by optimizing big data matching, building a high-quality home improvement content ecosystem, upgrading user protection plans and creating live streaming tools.

In terms of supply chain empowerment, Qeeka Home has joined forces with many high-quality building materials brands in China and abroad, to create a comprehensive supply chain covering main materials, accessories and soft furnishings, helping the firms procure products via digital means, greatly reducing back-end procurement costs and improving procurement efficiency. Enhanced offerings have also become another venue for attracting new customers.

Digital marketing and supply chain empowerment can better help home improvement firms reduce costs and increase efficiency, and Qeeka Home’s innovative value-added services can better help these firms improve service quality and establish a good brand image, enhancing their ability to provide superior services. Qeeka Home’s special services include the Qijia Bao consumer protection plan and the Merchant Service Integrity Alliance. The Qijia Bao consumer protection plan is so well known across the industry that it is often referred to as the sector’s "Alipay" (China’s leading merchant payment solutions provider), and has become a standard service that protects the rights and interests of users on the Jia.com platform. The Merchant Service Integrity Alliance requires the firms in the Alliance to meet credible service standards by setting up dynamic labels.

Both the Qijia Bao consumer protection plan and the Merchant Service Integrity Alliance both act as incentives for merchants to strive to provide excellent service process and quality, protecting shoppers’ interests. After years of iteration and optimization, all of Qeeka Home’s special services have matured and earned good reputations. Qeeka Home empowers merchants with its good brand image and standardized services, which not only strengthens the shoppers’ trust in the merchants, but also enhances the merchants’ capabilities.

Data shows that the number of active paying merchants on the Jia.com platform increased by 33.8% to 5,667 during the first half of 2021. The merchant loss rate dropped by half while the retention rate was further improved. The 93% retention rate is the result of the merchants’ satisfaction with Qeeka Home’s services. Home improvement firms that opt for digital transformation are the direct beneficiaries of Qeeka Home’s SaaS empowerment strategy, while the improvement in the competitiveness and service quality of the firms will ultimately benefit consumers and do wonders for the user experience.

Qeeka Home plans to continue consolidating its position as the most impactful home improvement SaaS service provider in China, while continuing to expand its partnerships with merchants based on its SaaS strategy, in a move to further improve merchant retention rate, help home improvement firms improve their services and management capabilities, further reduce costs and increase efficiency, and enhance user experience.

About Qeeka Home

Qeeka Home (01739.HK, domestic operator of Jia.com) is one of the largest SaaS enabled solution platforms in Interior Design & Construction (IDC) Industry in China. The company provides marketing service, supply chain service and other innovative value-added services to thousands of IDC service providers through the SaaS platform. Qeeka also operates several well-known IDC brands in China and provides consumers with capital protection and independent inspection services. Qeeka Home was founded in 2007 and listed on the main board of HKSE on 2018.

For more information, please contact:

Qeeka Home CFO
Mr. Leo Kang
Phone: (+86) 021-61740163
E-mail: ir@qeeka.com

PR Newswire

China.org.cn: China’s space station: Warm, open new home in outer space

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BEIJING, Aug. 27, 2021 — A news report by China.org.cn on China’s space station and astronauts in space:

 

Chinese astronauts Nie Haisheng, Liu Boming and Tang Hongbo, dubbed the "trio who traveled to space on business," have been living and working on China’s space station core module Tianhe for more than two months. Recently, they carried out extravehicular activities for a second time. Look at Nie standing on the robotic arm against the backdrop of the earth. What a breathtaking scene.

During their time in space, the crew have experienced many other unforgettable moments.

The first thing the three astronauts did after arriving at Tianhe on June 17 was to start opening packages. Back in May, the cargo spacecraft Tianzhou-2 was launched ahead of the crewed mission, delivering more than six tons of goods and materials to the space station. The more than 160 packages contained not only various parts and equipment to be installed and tested, but also the basic supplies for the astronauts.

These included more than 120 kinds of space food carefully prepared by nutritionists. In the module, the astronauts enjoyed various dishes, teas, juices and more, adding to the joy of "earth-dwellers" below. In addition, the crew work as each other’s health care assistants, regularly taking blood samples and conducting tests as well as routine ultrasounds. They exercise on the space station’s specially designed treadmill and exercise bike to keep fit in a microgravity environment. The friendly astronauts also interact with netizens on earth from time to time: Posting a video after watching the Tokyo Olympic Games, or sending wishes on "Chinese Valentine’s Day," — really made known their presence in space.

These seemingly trivial things and relaxing scenes are actually very meaningful and important. According to its plan, China will finish building the space station in 2022. This manned mission aims to test key technologies in the construction and operation of the station in orbit, including bioregenerative life support systems, and technologies for supporting astronauts’ long-term stay and conducting extravehicular activities.

Moreover, since the International Space Station, which has been in orbit for decades, could be retired as early as 2024 or possibly in 2028, construction of China’s station becomes even more significant.

Sometimes people hear arguments that treat space exploration as a "competition of interests" or "more political than scientific." However, astronauts from different countries live and work in space, showing their appreciation and empathy for each other, such scenes are touching — humans are born with curiosity and a thirst for knowledge, and the vast universe carries the hopes and dreams of all mankind. After all, space is open to all. Space exploration should not and cannot exclude anyone.

Previously, to board the Chinese space station, astronauts from Germany, France, Italy and other countries worked hard learning Chinese and came to China for training, eating and living with Chinese astronauts like family. Nine projects from 17 countries, including Switzerland, Poland, Kenya and Japan, have also been approved to conduct experiments on the Chinese space station. More people could be expected to visit the new China-made home in outer space, where they can work together to seek a better future.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm
China’s space station: Warm, open new home in outer space
http://www.china.org.cn/video/2021-08/27/content_77718318.htm

PR Newswire

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

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

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

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

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

About CLPS Incorporation

Headquartered in Hong Kong, CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global leading information technology ("IT") consulting and solutions service provider focusing on the banking, insurance, and financial service sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial service industry, including large financial institutions in the US, Europe, Australia, Southeast Asia and Hong Kong SAR, and their PRC-based IT centers. The Company maintains 18 delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Baoding, Xi’an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining seven global centers are located in Hong Kong SAR, USA, Japan, Singapore, Malaysia, Australia, and India. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, LinkedIn, and Twitter.

Forward-Looking Statements

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company’s control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company’s expectations of the Company’s future growth, performance and results of operations, the Company’s ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company’s most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contact:

CLPS Incorporation
Rhon Galicha
Investor Relations Office 
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com

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

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

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

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

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

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

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

About HokuApps

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

Related Links :

https://www.hokuapps.com/

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China Finance Online Announces Changes to the Board of Directors

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

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

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

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

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

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

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

About China Finance Online

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

Safe Harbor Statement

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

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

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

For more information, please contact:

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

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

Related Links :

http://www.jrj.com

PR Newswire

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

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

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

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

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

The Carbon Neutral Movement

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

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

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

Forward With Singapore

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

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

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

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

Embracing the Future Together

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

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

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

About Huawei

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

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

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

Related Links :

https://www.huawei.com/

PR Newswire

Bulletin from AB Electrolux Extraordinary General Meeting

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

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

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

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

CONTACT:

For further information, please contact:

Electrolux Press Hotline, +46 8 657 65 07

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

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

The following files are available for download:

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

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

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

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

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

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


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

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


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

Non-Mobile Wallet Users: Security Remains The Top Concern

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


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

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

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

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

About UnionPay Payments Adoption Study

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

About UnionPay International

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

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

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

Related Links :

http://www.unionpayintl.com/sg/info