Monthly Archives: September 2022

PR Newswire

FinVolution Secures Increased Financing Facility for AdaKami Through Strengthened Cooperation with PT Bank Jago

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SHANGHAI, Sept. 26, 2022 /PRNewswire/ — FinVolution Group (“FinVolution,” or the “Company”) (NYSE: FINV), a leading fintech platform, today announced that its Indonesian subsidiary, AdaKami, obtained a fivefold increase in its financing facility with PT Bank Jago Tbk (“Bank Jago”) (IDX: ARTO). The increase from 100 billion Rupiah to 500 billion Rupiah (US$34.9 million) will enhance AdaKami’s ability to expand credit access to broader segments of the local economy and accelerate financial inclusion in the country.

The significant increase in financing facility also underscores AdaKami’s deepening relationship with Bank Jago, an Indonesian tech-based bank providing life-centric finance solutions which make money management simple, collaborative and innovative. AdaKami first entered into strategic cooperation with Bank Jago in October 2021, expanding the Company’s local loan facilitation capabilities and broadening its presence across different market segments in Indonesia.

Mr. Feng Zhang, CEO of FinVolution Group, commented, “Adakami’s surging financing capacity is a testament to our fruitful cooperation with Bank Jago as well as the initial success of our strategic transition to better-quality borrowers in the Indonesian market. Moving forward, we will continue to strengthen our global partnerships, offer attractive interest rates and further diversify our product offerings to pursue our goal of greater financial inclusion both in China and international markets.”

About FinVolution Group

FinVolution Group is a leading fintech platform in China and internationally connecting underserved borrowers with financial institutions. Established in 2007, the Company is a pioneer in China’s online consumer finance industry and has developed innovative technologies and has accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company’s platform, empowered by proprietary cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience. As of June 30, 2022, the Company had over 149.3 million cumulative registered users.

For more information, please visit: http://ir.finvgroup.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements 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. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company’s ability to attract and retain borrowers and investors on its marketplace, its ability to increase the volume of loans facilitated through the Company’s marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, laws, regulations and governmental policies relating to the online consumer finance industry in China, general economic conditions in China, and the Company’s ability to meet the standards necessary to maintain the listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE’s continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and FinVolution 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 investor and media inquiries, please contact:

In China:
FinVolution Group
Head of Investor Relations
Jimmy Tan
Tel: +86 (21) 8030 3200 Ext. 8601
Email: ir@xinye.com

The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
Email: finv@tpg-ir.com

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PR Newswire

Amazon Leads as Top Channel for Product Research, According to New Data from ChannelAdvisor

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Survey Shows that 75% of Australian Consumers Regularly Shop On Multiple Online Marketplaces

A survey of over 5,000 global consumers provides brands and retailers with actionable insights into when, where and how they shop online, ahead of the festive season

MELBOURNE, Australia, Sept. 26, 2022 /PRNewswire/ — ChannelAdvisor Corporation (NYSE: ECOM), a leading provider of cloud-based e-commerce solutions, today released the results of its 2022 E-Commerce Consumer Survey, which gauged the shopping behaviours of over 5,000 respondents in Australia, U.S. and Europe. The global survey found consumers in Australia trust a brand’s website and marketplaces for product research, with social media found to be the least trusted platform.

The results of the survey offer brands and retailers actionable insights into the current perspectives of online shoppers and found 50% of consumers in Australia trust a brand’s website or marketplaces (44%) for product research, compared to just 6% who trust social media.

Despite this lack of trust in social media, 29% of respondents said they discovered products through sites like Instagram and TikTok.

Survey participants shared their preferences for online marketplaces and retailer sites they visit to research and purchase products while weighing factors such as product selection and delivery methods.  The survey results also revealed how inflation and rising costs are affecting consumer purchasing decisions and their priorities when conducting online research before or during an in-store shopping experience.

“To stay competitive and agile in this changing environment, brands and retailers must first understand how, where and why consumers are shopping,” said Mike Shapaker, chief marketing officer at ChannelAdvisor. “These survey results provide valuable insights that will help empower sellers to gain strategies to help capture consumer attention as the festive season approaches.”

Key findings that emerged from this year’s survey data include:

  • The majority of Australian consumers are shopping on more than one marketplace
  • Retail Media ads are influencing consumer purchase decisions
  • The 2022 festive season will continue to involve heavy online research and purchasing activity

Australian trends indicate shopping journeys involve more activity across retail sites and marketplaces

  • 85% of global consumers use multiple digital touchpoints during their buying journey
  • 75% of consumers tend to use multiple marketplaces on a regular basis for browsing, shopping or buying
    • 20% of consumers regularly use three marketplaces on a regular basis for browsing, shopping or buying, and 16% use 4 or more
  • 50% of consumers have purchased an item from a foreign retail site or marketplace in the past 12 months
    • These purchases are more frequent among younger consumers (63% of 18- to 25-year-olds) than older consumers (32% of consumers aged 65+)
  • 54% of Australian consumers have used click and collect in the past 12 months

Marketplaces are the most common channels to discover new products

  • 88% of Australian consumers browse items on marketplaces or retail sites without the direct intention to purchase something
  • 43% of Australian consumers “discovered” products they’ve purchased in the past 12 months by browsing marketplaces

Retail media advertising is becoming essential to increase product awareness

  • 39% of Australian consumers have clicked on a sponsored or promoted ad that they saw on a marketplace or retail site in the past 12 months
    • This activity is higher among younger shoppers (55% of consumers aged 18-25 and 48% of consumers aged 26-35)
  • 28% of consumers have purchased an item on Amazon after seeing an ad for that product on Amazon

Google remains the top channel for product research in Australia

  • In the past 12 months, consumers have researched products on these sites*
    • Facebook: 41%
    • Instagram: 28%
    • Google: 85%
    • Amazon: 56%
    • eBay: 71%

Pricing is a major factor for Australian consumers before making a purchase:

  • 86% of consumers usually compare prices before making a purchase
  • 98% of consumers consider price a somewhat or very important factor in product selection
  • 65% of consumers indicated their reason for researching products online before or during shopping in-store “often” involves checking prices

The 2022 Australian festive season will continue to involve heavy online research and purchasing activity:

  • 84% of consumers plan to spend the same amount of time or more shopping for festive gifts online compared to last year
  • 26% of 18- to 25-year-old consumers plan to conduct festive shopping research on social media sites

Click here to view the entire report of survey results.

Survey Methodology

ChannelAdvisor commissioned leading research firm Dynata to survey 5,000 consumers in the U.S., U.K., France, Germany and Australia about their online shopping and research habits in 2022. Respondents, who ranged in ages from 18 to 65, were screened and sampled in partnership with Dynata. There were 1,000 respondents in the Australian segment.

To learn more about industry insights from this recent consumer survey, including holiday and category-specific results, view ChannelAdvisor’s on-demand webinar.

For more details about ChannelAdvisor, visit ChannelAdvisor’s blog, follow ChannelAdvisor on Twitter @ChannelAdvisor, like ChannelAdvisor on Facebook and connect with ChannelAdvisor on LinkedIn.

About ChannelAdvisor

ChannelAdvisor (NYSE: ECOM) is a leading multichannel commerce platform whose mission is to connect and optimise the world’s commerce. For over two decades, ChannelAdvisor has helped brands and retailers worldwide improve their online performance by expanding sales channels, connecting with consumers across the entire buying cycle, optimising their operations for peak performance, and providing actionable analytics to improve competitiveness. Thousands of customers depend on ChannelAdvisor to securely power their e-commerce operations on channels such as Amazon, eBay, Google, Facebook, Walmart, and hundreds more. For more information, visit www.channeladvisor.com.au/.

ChannelAdvisor Media Contact
Helen de Souza 
helen.desouza@channeladvisor.com  
+61 3 9034 3412

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PR Newswire

Huawei Hosts the 9th Global Rail Summit in Berlin

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BERLIN, Sept. 24, 2022 /PRNewswire/ — In parallel with InnoTrans 2022, Huawei held the 9th Huawei Global Rail Summit, themed “Driving Digitalization in Future Rail, Create New Value Together”. The summit brought together global industry leaders, ecosystem partners, and technical experts to discuss the future of the rail industry.

At the summit, Huawei launched the Future Railway Mobile Communication System (FRMCS) Solution, which aims to help build a more secure, efficient, and smarter railway mobile communications system. Mr. Wang Guoyu, COO of Huawei Aviation & Rail BU, and other guests attended the launch.

Launch of Huawei's FRMCS Solution
Launch of Huawei’s FRMCS Solution

“Huawei helps customers go digital. We use innovative technologies — such as FRMCS, Wi-Fi 6, and all-optical networks — to reshape connections, reconstruct digital platforms, and facilitate data sharing and collaboration across multiple service systems in the rail industry. We hope to enable intelligent rail operations and O&M through joint innovation with our partners.” said Mr. Xiang Xi, Vice President of Huawei Aviation & Rail BU.

Adhering to the concept of openness and cooperation, Huawei is committed to driving digital transformation along with rail customers and ecosystem partners. We complement each other’s strengths, innovate together, explore industry standards, and build an ecosystem for rail digitalization.

At the summit, Jeffrey Sim, CEO of SBS Transit Rail Business, explained the company’s digital journey. Vincenzo Bloise, International Sales Director of Almaviva, introduced how modern ICT solutions can boost digitalization in railways and Mr. Li Jie, President of Huawei Enterprise Wireless Domain, demonstrated how Huawei’s FRMCS solution enables railway digitalization. In addition, Steven Xiong, CTO for the rail industry of Huawei Aviation & Rail BU, delivered a keynote speech titled “Driving Digitalization in Future Rail, Create New Value Together” and shared industry digitalization cases.

Huawei exhibited its innovative solutions and flagship products for the rail industry at InnoTrans 2022. These include leading ICT infrastructure, green energy, smart urban rail, and smart railway solutions.

Huawei aims to reshape rail connectivity and enable secure, intelligent, green, and sustainable development. We will continue to dive into innovative practices and deploy its leading ICTs to lay a digital foundation for the industry. Huawei will build smart applications in collaboration with our partners, steadily advancing industry digital transformation.

PR Newswire

Titan.ium Platform’s 3G/4G/5G Signaling Core and Private Networks to Showcase at MWC 2022 Las Vegas

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Titan.ium intergenerational 3G/4G/5G Signaling solutions simplify operators’ core networks while NetCore suite enables secured private networks in many industries. The company will showcase its solutions at Booth W1.636 Sept. 28-30 in Las Vegas.

LOWELL, Mass., Sept. 24, 2022 /PRNewswire/ — Titan.ium Platform, LLC®, a spin-out from the acquisition of NetNumber, is ready to showcase its new name and its latest portfolio evolution at MWC Las Vegas 2022. This year, North America’s most influential connectivity event is being held live and in person for three days Sept. 28-30 at the Las Vegas Convention Center to reconnect with the digital ecosystem and review the hottest innovations and cutting-edge software, while taking advantage of invaluable networking.

During MWC 2022, the Titan.ium team will highlight its product offerings under a new name and showcase the latest in Signaling Core and Fraud & Security Applications as well as 5G SA NetCore evolution live and in-person at Booth W1.636.

Addressing the needs of Fixed/Mobile and Wholesale Carrier, the company’s TITAN and TITAN.IUM Frameworks enable 3G/4G/5G network functions and customized solutions across the world – focusing on signaling routing, security & anti-fraud, and subscriber data.

“Our InterGENerational software frameworks offering continues to facilitate the Signaling Core Network transformation journey being led by service providers.” says Matt Rosenberg, President of Titan.ium Platform, LLC. “It simplifies their Core Network architecture and reduces its Total Cost of Ownership, while enhancing network security and providing them a carrier grade framework for 5G introduction.”

On Aug. 4 and as part of its Private Network offering, Titan.ium officially announced the rollout of 5G Stand-Alone (SA), complementing the company’s 5G Non-Stand Alone (NSA) version made available in late 2021.

NetCore suite continues to deliver on the promise of a multi-generational Private Network solution that spans 3G, 4G and now fully functional 5G SA and 5G NSA, while Mobile Connectivity Services (MCS) solve the challenges of mobile device authentication and roaming for Private Networks.

“We are extremely pleased to debut our NetCore 5G SA product that is now available to our private networks customers up close with other leaders in our industry at MWC 2022 in Las Vegas,” adds Rosenberg. 

Titan.ium continues to deliver innovative products and solutions that have been its mainstay for more than 21 years as NetNumber. As a new entity built on the same quality products and teams, the goal of Titan.ium remains unchanged: to provide the industry with the most comprehensive, innovative, and powerful telecommunications platforms and services.

For more information on Titan.ium’s 345G Signaling Core and Private Network solutions, visit www.TitaniumPlatform.com and visit the company at Booth W1.636 at MWC Las Vegas 2022.

About Titan.ium Platform, LLC

Titan.ium Platform, LLC products have served the global telecom and government industries for over 20 years, counting the world’s top 10 largest telecom providers as part of its family of valued customers. Becoming an industry disrupter early in its formative years — due to its unique transformative platform — Titan.ium’s solutions have been in high demand ever since and can be found in over 85 countries across the globe. Looking ahead toward the next evolution of technology and communications requirements, Titan.ium is strategically poised to continue its dominance in the signaling secured routing and private networks domains.

To learn more about Titan.ium’s products, visit TitaniumPlatform.com and follow the company on LinkedIn or Twitter.

PR Newswire

Huawei Launches FRMCS Solution to Facilitate Digital Transformation of Railway

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BERLIN, Sept. 23, 2022 /PRNewswire/ — Huawei officially launched the Future Railway Mobile Communication System (FRMCS) solution at the InnoTrans 2022 and the 9th Huawei Global Rail Summit in Berlin, Germany, where special guests, Wang Guoyu, COO of Huawei Aviation & Rail BU, and Li Jie, President of Huawei Enterprise Wireless Domain, spoke about its success. This solution is a remarkable achievement for Huawei, as a result of its extensive research and experience in ICT deployment within the railway industry of over two decades. With a focus on improving safety and reliability, Huawei FRMCS expands train-to-ground wireless services from train control and dispatch to railway O&M, railway IoT, and more. It empowers widespread digital transformation of the rail sector, ensures train operation safety, and improves railway operations efficiency.

Huawei launches the FRMCS solution
Huawei launches the FRMCS solution

The demand for smart railways that can carry huge capacity is growing. Huawei FRMCS can not only provide the required high reliability and low latency for train control and dispatch, but also support new services such as locomotive status monitoring, train operation monitoring, and visualized dispatch of O&M personnel, improving fault prediction accuracy and O&M efficiency.

The FRMCS solution uses a new technology, 8T8R Smart MIMO, which allows it to achieve the same coverage in the 1900 MHz band as that of GSM-R in the 900 MHz band when working with high-power devices from Huawei’s partners. This slashes deployment and maintenance costs of FRMCS on 1900 MHz and simplifies the deployment of FRMCS networks. By providing three levels of redundancy, including key boards, key network elements, and wireless networks, Huawei FRMCS eliminates single-point failures on networks, ensures high reliability of devices and networks, and meets the requirements of the European Train Control System (ETCS). Its architecture complies with railway industry standards, which facilitates the interconnection between wireless networks and railway industry applications, as well as the deployment of new services.

Li Jie said: “The railway industry is now in a critical period of digital transformation when the requirements for train-to-ground wireless communication systems are higher than ever before. Huawei FRMCS can meet these requirements by integrating Huawei’s 4G and 5G technologies. It can help railway customers build high-reliability, high-bandwidth, future-oriented train-to-ground wireless broadband networks that are safe, reliable, converged, simplified, and capable of long-term evolution.”

Huawei will work with industry standards organizations, industry customers, and partners to promote the maturing and large-scale commercial rollout of FRMCS, and build a wireless digital foundation for smart railways.

PR Newswire

Huawei and Partners Explore How Technology Can Enable a Sustainable Future at HUAWEI CONNECT 2022 Bangkok

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BANGKOK, Sept. 23, 2022 /PRNewswire/ — On Day 1 of HUAWEI CONNECT 2022 yesterday, Huawei, its partners, and representatives from public and private organizations held a session exploring how technology is vital to building a sustainable and inclusive world envisioned by the UN Sustainable Development Goals (SDGs), with case studies and analyses focusing on the Asia Pacific region.

As one of the most populous and diverse regions in the world, Asia Pacific is also set to be the fastest-growing economy across the globe, with COVID-19 accelerating digital transformation in Asia-Pacific faster than the global average.  

“More and more governments and organizations are beginning to recognize the enabling role of technology in accelerating the achievement of SDGs goals”, said Jeffrey Zhou, President of Huawei ICT marketing. “Under Huawei’s vision and mission, we launched the TECH4ALL digital inclusion initiative in 2019 and with global partners’ programs and projects are ongoing in different countries.”

Zhou was followed by an opening statement from Richard Mahony, Global VP of Informa Tech, who shared how the traditional method of maintaining sustainability is not working and that technology-based solutions are now needed as an accelerator.

UNESCO’s speaker then gave an overview of the objectives of the 17 SDGs and approaches to achieving them by the set goal of 2030. “While it is fundamentally up to governments to implement the SDG agenda, the simple fact is that it will not be realized without the private sector,” said Mohamad Djelid, Director of UNESCO Office in Jakarta, Indonesia. “We all have a role to play in achieving the ambitious, but necessary, Sustainable Development Agenda by 2030.”

Digital inclusion was a key area discussed during the session. While the digital divide is gradually shrinking, ITU recently reported that 2.7 billion people in the world still remain offline. Due to a lack of network connectivity, digital skills, affordable devices, or a combination of these factors, too many people remain unable to access the digital tools that are necessary in today’s increasingly digital world. “No one should be left offline”, said Atsuko Okuda, Director of the ITU Regional Office for Asia and the Pacific. “Digital technology and ICT development can accelerate the achievement of the SDGs.”

Huawei’ David Lu, President of Asia Pacific Strategy & Marketing Department, introduced the latest progress and the role of ICT in TECH4ALL projects globally, and especially in Asia Pacific, including the Digital Bus in Thailand, which is bringing connectivity and digital skills to rural children; the Digital Village program in Indonesia, which is providing affordable connectivity to rural communities via the RuralStar solution; and the introduction of remote 5G-powered healthcare for rural communities and information accessibility solutions for the elderly in Thailand. Mr. Lu mentioned, that through collaboration between technology companies and global organizations, the future for Asia Pacific will be bright and sustainable, achieving the goal of leaving no one behind.

Another key theme of the session covered how technology can boost nature conservation. Shawn Tan, Vice President of the leading green energy solutions provider, Sunseap, shared how the Singaporean company expects to offset 4,000 tons of CO2 per year with its innovative floating solar farm. The solution, which uses Huawei’s smart PV solution, is deployed offshore in Singapore.

Continuing the theme of environmental-protection, Malaysia’s Sarawak Forestry Corporation began the first pilot project with Huawei’s TECH4ALL, in collaboration with Sarawak Multimedia Authority, Forest Department Sarawak and Rainforest Connection, designed to protect one of the world’s oldest rainforests at 140 million years old, the Sarawak rainforests.

Huawei is running more than 45 TECH4ALL projects with more than 40 global partners, focusing on equitable and quality education, conserving nature with technology, developing inclusive healthcare, and achieving balanced development. 

Read more about Huawei’s TECH4ALL projects:

https://www.huawei.com/en/tech4all/

PR Newswire

Huawei Launches the MiniFTTO Solution, Dedicated for Small and Micro Campuses

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BANGKOK, Sept. 23, 2022 /PRNewswire/ — Recently, at HUAWEI CONNECT 2022, Huawei hosted the “F5G Industry Practice, Building New-Gen Connectivity” Summit, where Huawei launched the MiniFTTO solution for small and micro campus scenarios. Huawei works with partners to bring optimal experience to small and micro enterprises, commercial villas, kindergartens, community clinics and convenience stores.

Zhou Tao, Director, Huawei Enterprise Optical Product Marketing & Solution Sales Dept, said, “In 2020, we released the FTTO (Fiber To The Office) solution, which is mainly used in office campuses, hospitals, hotels, and universities. In just two years, we have more than 6000 application cases worldwide. Today, we officially launch the Huawei MiniFTTO solution to provide high-quality campus networks for small and micro campuses, with the purpose of enabling more small and micro campuses to enjoy benefits of all optical technology development.”

Zhou Tao, Director, Huawei Enterprise Optical Product Marketing & Solution Sales Dept launched Huawei MiniFTTO solution
Zhou Tao, Director, Huawei Enterprise Optical Product Marketing & Solution Sales Dept launched Huawei MiniFTTO solution

The Huawei MiniFTTO solution is customized for small and micro campuses. It is applicable to small and micro enterprises, commercial villas, kindergartens, clinics, and convenience stores. The Huawei MiniFTTO solution is based on F5G (fifth-generation fixed communications network) technology and uses fiber as the communication medium, featuring simplified deployment, easy O&M, and superior experience.

Superior experience: The Huawei MiniFTTO solution provides an innovative five-in-one main gateway, providing downlink 2.5 Gbit/s bandwidth and supporting 300 connections on the entire network. The solution provides gigabit speeds in both wired and wireless modes, making gigabit available anywhere. Wall plate and indoor settled optical APs support Wi-Fi 6 and provide 10 Mbit/s bandwidth for 32 devices, delivering gigabit wireless access with performance 14% higher than the industry average. Desktop, panel, and box-type optical terminals provide wired gigabit access.

Simplified Deployment: Huawei’s innovative highly integrated five-in-one gateway integrates firewall, router, AC, single-fiber networking, and centralized power supply capabilities, reducing equipment deployment space by 85%. To address the difficulties in powering optical terminals in small and micro campus networks, Huawei innovatively introduces the power over fiber (PoF) technology, which integrates the fiber and power cable into one cable to provide remote power for optical terminals in plug-and-play mode.

Easy O&M: The Huawei MiniFTTO solution supports web-based management for one-click fault locating and Wi-Fi optimization by regular technicians without the need for professional skills.

More details about MiniFTTO Solution, please visit: https://e.huawei.com/en/solutions/enterprise-transmission-access/all-optical-campus-distribution

PR Newswire

Huawei Releases the Striding Towards the Intelligent World – Data Storage White Paper

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BANGKOK, Sept. 23, 2022 /PRNewswire/ — At HUAWEI CONNECT 2022, David Wang, Huawei’s Executive Director of the Board and Chairman of ICT Infrastructure Managing Board, released a series of white papers entitled Striding Towards the Intelligent World.

Digitalization is just the beginning if we look at the global progress. It is expected that over the next decade, enterprises of all sizes will experience complications during their digital transformation (DX) journey. IT data applications will become more diversified, and increasing volumes of application data will be processed by the production systems, meaning the need for reliable, performant, cost-effective data storage is more important than ever.

For this reason, the Striding Towards the Intelligent World – Data Storage white paper presents Huawei’s outlook for the storage evolution in enterprise data centers. Covering 9 topics, it provides enterprise customers with recommendations on data infrastructure development to jointly foster the data storage industry.

Outlook I: Unstructured Data

Unstructured data accounts for more than 80% of new enterprise data and is increasingly important to production and decision-making. It is necessary for enterprise IT teams to transform their structured data-centric capabilities to design, planning, and management of mass unstructured data.

Outlook II: Diverse Data Applications

Diverse data applications such as distributed databases, big data analytics, and AI are booming. Enterprises are encouraged to use the decoupled storage-compute architecture to serve emerging data applications for higher reliability. In addition, acceleration engines can be built for diverse data applications to implement near-data processing that delivers higher efficiency.

Outlook III: All-Scenario Inclusive All-Flash

All-flash storage accounts for more than 50% of the primary storage market, and the era of inclusive flash storage is coming. Huawei recommends that enterprises seize storage replacement and deployment opportunities to accelerate the adoption of all-flash storage.

Outlook IV: Ransomware Protection

Ransomware attacks are becoming the most significant threat to enterprises. Their storage teams are advised to establish a more comprehensive data protection system and build an all-round ransomware protection storage solution to strengthen the last line of defense for data protection.

Outlook V: Digital Resilience

As data is becoming the core asset for enterprises, digital resilience is a major metric for any enterprise resilience framework. Enterprises should strengthen data protection to ensure zero data leakage, tampering, and loss, always-on services, and always compliant access, thus enhancing digital resilience.

Outlook VI: AI-Powered Storage

From management to products, AI powers autonomous-driving storage throughout the data lifecycle. It is recommended that enterprises proactively develop evaluation criteria for storage AI management software, and storage management teams upgrade tech stacks for storage AI.

Outlook VII: Multi-Cloud Architecture

As multicloud becomes the new normal, the recommended practice is to migrate innovative services that have uncertainties and emerging services like OA to public clouds, while retaining core services in their on-premises data centers. In multi-cloud construction, enterprises are advised to use the IT architecture that centrally stores and shares data and deploys applications in multiple clouds, and plan a unified data management platform across clouds to maximize data sharing.

Outlook VIII: Storage Business Models

A flexible storage business model helps handle explosive data volumes and economic uncertainties. Huawei recommends that enterprises plan how to obtain IT resources and select the most appropriate business model according to business requirements and future strategies.

Outlook IX: Energy Saving

Green data storage is a must for data centers to reach net-zero carbon emissions. Enterprises can deploy storage products with high-density designs, system convergence, and efficient data reduction to further reduce data center energy consumption.

For more details, please click: https://www.huawei.com/en/giv/industries/data-storage


PR Newswire

Tuniu Announces Receipt of Minimum Bid Price Notice from Nasdaq

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NANJING, China, Sept. 23, 2022 /PRNewswire/ — Tuniu Corporation (Nasdaq: TOUR) (“Tuniu” or the “Company”), a leading online leisure travel company in China, today announced that it has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) dated September 19, 2022, indicating that for the last 30 consecutive business days, the closing bid price for the Company’s American depositary shares (the “ADSs”) was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1). The Nasdaq notification letter has no current effect on the listing or trading of the Company’s securities on the Nasdaq Global Market.

Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until March 20, 2023, to regain compliance under the Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the Company’s ADSs is US$1.00 per share or higher for a minimum of ten consecutive business days, the Nasdaq will provide the Company written confirmation of compliance and the matter will be closed.

In the event the Company does not regain compliance by March 20, 2023, subject to the determination by the staff of Nasdaq, the Company may be eligible for an additional 180-day compliance period.

The Nasdaq notification letter will have no effect on the Company’s business operations, and the Company will take all reasonable measures to regain compliance.

About Tuniu

Tuniu (Nasdaq: TOUR) is a leading online leisure travel company in China that offers a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu covers over 420 departing cities throughout China and all popular destinations worldwide. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and 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,” “confident” and similar statements. Tuniu may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Tuniu’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but are not limited to the following: Tuniu’s goals and strategies; the growth of the online leisure travel market in China; the demand for Tuniu’s products and services; its relationships with customers and travel suppliers; the Company’s ability to offer competitive travel products and services; Tuniu’s future business development, results of operations and financial condition; competition in the online travel industry in China; relevant government policies and regulations relating to the Company’s structure, business and industry; the impact of the COVID-19 on Tuniu’s business operations, the travel industry and the economy of China and elsewhere generally; and the general economic and business condition in China and elsewhere. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tuniu does not undertake any obligation to update such information, except as required under applicable law.

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PR Newswire

Ant Group listed as a Representative Vendor in the 2022 Gartner® Market Guide for Multiexperience Development Platforms

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SINGAPORE, Sept. 23, 2022 /PRNewswire/ — Ant Group has been mentioned as a Representative Vendor in the latest Gartner Market Guide for Multi experience Development Platforms, published in August, 2022. It was recognized for its mPaaS, a one-stop mobile development solution.

According to the report, “an MXDP is an opinionated, integrated set of front-end development tools and “backend for frontend” (BFF) capabilities. It enables a distributed, scalable development approach (in terms of both teams and architecture) to build fit-for-purpose apps across digital touchpoints and interaction modalities.”

Ant Group’s mPaaS solution, which provides a cloud-to-end, one-stop solution for mobile development, can generate initialization code and offer the modular development mode for collaborative development. This lowers technological barriers, reduces R&D costs, increases development efficiency, and enables the enterprise to quickly build a stable, high-quality mobile App.

“Multi experience development platforms enable delivery of a consistent user experience across multiple devices, touchpoints and modalities.” stated the Market Guide, and Gartner forecasts that by 2025, the MXDP market will reach $4.7 billion.

Fudian Bank, a Yunnan province joint-stock commercial bank, launched its new app powered by mPaaS in January 2022. This enabled the bank to offer more diverse operational functions and enrich the business use cases on their app. In May, the number of new mobile banking customers surged by 305% year on year, while MAU increased by 52%.

mPasS has served more than 100 financial institutions, and over 2,000 public cloud companies, including Fudian Bank, China CITIC Bank International, New China Life Insurance, Shanghai Metro and so on.

“We are committed to offering our years of expertise to the industry and help our customers in developing effective and reliable mobile services.” Said Bin Yu, Vice President of Digital Technology Business Group, Ant Group.

Gartner, Market Guide for Multiexperience Development Platforms, Adrian Leow, Jason Wong, August 2022.

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About mPaaS

mPaaS (Mobile PaaS) is a mobile development platform developed by Ant Goup, which provides clients a cloud-to-end solution for mobile development, testing, maintenance and operations. mPaaS lowers the technology barrier of mobile development and helps businesses quickly build stable and high-quality mobile apps at scale. This helps clients reduce R&D costs, improve development efficiency and accelerate the rollout of go-to-market services.