Yearly Archives: 2022

Accessories, Camera, News

DJI MIC is the Next Best Thing for Video Audio Solutions

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They say that a good audio adds a whole lot of value to your videos. They also say that even if your video looks bad, your audio can more than make up for it. It does sound counterintuitive, but it can be quite true.  

While it is true that the first thing that should stand out in a video is the visuals itself, bad audio can destroy a perfectly good video experience. Audio is one of the most underrated tools in a video production that people sometimes do not pay too much attention to it, especially when it is good. When it is bad though, you just cannot bear to watch the video for too long because the audio just annoys you. 

Audio gear is not exactly cheap or straightforward to work with though. Cheap solutions are out there, but they usually come with a whole slew of compromises that makes you think twice about using them sometimes, especially cables. Cabled set-ups, while are some of the most reliable and easily the best sounding while remaining relatively cheap to work with, is rather restrictive. That is also why plenty of productions have preferred to work with wireless microphone systems.  

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Source: DJI

There are plenty of good choices out there too in this department. One of the most popular choices out there is made by RODE. Plenty have also sort of followed suite in the same form factor. All of them are similar kits too with one receiver and two mic transmitter combos. Each item must be charged individually and kept separately though. There are a few risks to that, obviously.  

What if you can just put them in a single place, and charge them simultaneously? What if you can just work with them like most true wireless earbuds now? They are sort of the same thing are they not? 

Oddly enough, the first manufacturer that does this is not RODE or Shure. It is DJI with their new DJI MIC. DJI should not be an unfamiliar name to content creators at this point. They make some of the most interesting video recording hardware to date. A lot of them are also targeted to independent and small-time content creators. Most of them are video recording gears though, not really audio recording dedicated items until the DJI MIC.  

It is a unique product, this DJI MIC. It will set you back US$ 329 (MYR 1,386*), which is just a little bit more expensive than the RODE Wireless Go II. It is a little smaller than the RODE alternatives. In concept, they work similarly. But there is one fundamental difference between the two. The DJI can be charged on a single platform and that single platform also works as their battery extenders, very much like true wireless headphones today. 

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Source: DJI

Obviously, coming from DJI, it also comes with a slew of adapters for maximum recording flexibility. There is a USB Type-C adapter and a Lightning adapter that comes with the set if you prefer to shoot with your smartphones. Because it is made primarily with DSLRs to mind, of course it comes with a hot shoe mount adapter and a matching 3.5mm audio cable.  

According to DJI, the audio is transmitted via 2.4GHz frequency band that allows audio to be transmitted to the receiver from up to 250m away, which also means long lens shooting is not out of the question. DJI’s clever technologies have also ensured that the signals are free of interference for when your shoot locations get busy. 

7789215
Source: DJI
7789216
Source: DJI
36831639
Source: DJI
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Source: DJI
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Source: DJI

DJI also says that the entire package allows you to record videos at up to 15 hours in total (5 + 10 from charging case). That means that an entire day worth of shoot will be a non-issue with the DJI MIC. You are not going to be shooting five hours at a time as well, so you are not going to need to worry about the MIC running out of battery. If you need to, you can also record audio directly on to the receiver itself at up to 14 hours, either for backup, or when you are recording a podcast outside.  

The DJI MIC is available now in select regions. As mentioned, it will set you back US$ 329. It is not officially available in Malaysia just yet. You can pre-order it in Malaysia for MYR 1,599. For more information on the DJI MIC, you can visit their website.  

*Approximately based on exchange rate of US$ 1 = MYR 4.21 on xe.com as of 05/04/2022 

PR Newswire

Mobile puzzle game ‘Disney POP TOWN’ completes its update

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  • “Tomorrowland“, first-complete-first-win puzzle stages based on real amusement rides revealed
  • New “Chapter Shift” for users’ freedom to select the chapters of their choice
  • New enhancements for riveting play: World Zoom Out, Story Skip, Stage Level Peak

SEOUL, South Korea, April 5, 2022 /PRNewswire/ — Wemade Play (CEO Ho-Dae Lee, www.wemadeplay.com) has renewed its popular mobile puzzle game “Disney POP TOWN” on the 5th to entertain its regular and new users with new puzzle contents and improvements.

Disney Pop Town title
Disney Pop Town title

The newly updated game presents “Tomorrow Land” where competition events are held separately from conventional story-based play. The “Tomorrow Land” comprises of total 20 puzzle stages, with each set made up of 5 stages, and players are ranked on first-complete basis. Inspired by the real rides at Disney World the “Tomorrow Land” invites users to play at familiar puzzle settings and sparks exciting competition by allowing only 100 users to make it to the top rank. The “Tomorrow Land” will act as a playground for players to flaunt their puzzle skills and the top-ranking users will receive one-of-a-kind special costume as a reward.

Disney Pop Town screen shots
Disney Pop Town screen shots

“Disney POP TOWN” also showcased “Chapter Shift”, which grants users to move freely between puzzle stories. While players had to follow the story flow and play along the chapters sequentially before the update, they can now enjoy a much more unrestrained game and choose the chapters they want to play. The rewards for completing the last quest for every chapter have also been expanded.

Furthermore, the game allows users to take a sneak peek at the level of the difficult puzzles so they can strategically determine whether to mobilize their items or not. Other user-friendly enhancements such as “World Zoom Out” for an overview of users’ own map decoration and “Story Skip” to speed up the game have been installed.

Myeong-Ok Song, General Manager of Wemade Play, stated, “We have enthusiastically retouched our game so our users can thoroughly enjoy new competitions, puzzles, costumes, stories, and decoration. We are committed to providing the best quality game with due updates that reflect our users’ opinions.”

<About Disney POP TOWN>

Developed and serviced by Wemade Play, “Disney POP TOWN” is a mobile game released in Asian countries including Japan in October 2019. It is a narrative puzzle game based on 34 Disney’s beloved intellectual property contents including “Aladdin” and “Frozen.” Players can explore 2,900 puzzle stages in 14 chapters with 506 kinds of costumes.

PR Newswire

Sharing Economy International in joint venture with naked-eye 3D high-tech company Su Xin Rui Shi to lay out the underlying architecture of Metaverse technology

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HONG KONG, April 4, 2022 /PRNewswire/ — SHARING ECONOMY INTERNATIONAL INC (stock code: SEI”, hereinafter referred to as “SEII”) announced that its wholly-owned subsidiary 3D Discovery Co., Ltd (“3D Discovery”) has entered into a strategic partnership with Suzhou Su Xin Rui Shi Technology Co., Ltd. (“Su Xin Rui Shi“) to jointly expand the international naked-eye 3D ecosystem and industry chain business, build a “Metaverse” underlying hardware support ecosystem, create a global leading platform for naked eye 3D technology, and develop and optimize the metaverse experience technology platform.

SEII aims to promote the development of the global sharing economy through the development of online platforms and cooperation in leasing business around technology and the global sharing economy market. SEII already has a number of technology and service platforms in key markets such as Asia, Europe and the US.

Su Xin Rui Shi is a leading global naked-eye 3D display technology research and development company, dedicated to the development and industrialisation of international top 3D light field real-time rendering engine technology. The team has three core innovative technologies: a light field reconstruction algorithm based on backlight matching technology, a programmable real-time 3D Light Field rendering engine based on human eye bio-stereoscopic vision, and a fusion algorithm between stereoscopic image source and virtual scene, making Su Xin Rui Shi a leading company in the industry to achieve real-time light field rendering. It is also one of the very few teams in China that can provide customised naked eye 3D solutions, and has successfully transformed ordinary 2D sources to 3D light field sources in real time, solving the current situation of content scarcity in the industry.

It is reported that 3D Discovery and Su Xin Rui Shi will jointly establish a joint venture in Hong Kong, in which 3D Discovery and Su Xin Rui Shi will hold 60% and 40% of the joint venture respectively (the “Joint Venture”). Through the joint venture, 3D Discovery and Su Xin Rui Shi plan to focus on developing and promoting naked eye 3D applications and services in key areas such as 8K/16K resolution real-time rendering, screenless suspended 3D displays and other technologies, expanding hardware sales around key regions such as Southeast Asia and Europe, represented by Hong Kong and Singapore, and providing high-definition digital modelling and hardware facilities upgrades to key customers.

The metaverse technology application platform, which is deeply laid out by the Joint Venture, will become a strategic engine and a new growth point for SEII’s sharing economy business. On the one hand, it will help the technical iteration of the public ECrent sharing and leasing business platform, providing a more realistic interactive experience of leasing scenarios for global users and enhancing transaction efficiency and service profits; on the other hand, it can provide more advanced technical services and marketing solutions for the company’s customers, effectively expanding and adding new customers’ scale and revenue.

With SEII’s extensive global presence and business resources in the sharing economy, as well as its international leadership in clarity, customizability, observer points, real-time rendering and other technical parameters, and its complete patent layout internationally, SEII will be able to “surge” in the capital market and further promote the development and transformation of new economic forms in the metaverse era.

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Source: Sharing Economy International Inc.

Accessories, Computers, Gaming, News

The NVIDIA GeForce RTX 3090 Ti is Here! What Does This Mean for GPUs? 

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First, yes, we realise that the newly announced NVIDIA GeForce RTX 3090 Ti is not in any way an affordable piece of kit. In fact, it is NVIDIA’s most expensive RTX 30 series GPU to date at US$ 1,999 which is nearly MYR 8,500 by today’s estimation. But this also is not a regular GPU made for the regular consumer. 

To be fair, yes, the NVIDIA GeForce RTX 3090 Ti broke cover a few days ago. It is still a brand-new piece of kit that hardly comes by though. While conditions in the market is not getting worse, it is not getting that much better either. Prices of GPUs are still quite inflated and item availability is still not great. So, does this mean that NVIDIA’s move in launching a new card going to screw us, customers over even more with an even more pricey GPU? 

As it turns out, not really. Let us go into that a little bit later. For now, the GPU; the star of the show.  

The NVIDIA GeForce RTX 3090 Ti is not really a new GPU. Like its siblings, the RTX 3090 Ti is more like a small improvement over the mighty RTX 3090. In some partner board cases, it is even bigger than the RTX 3090 which just makes them ridiculous to look at and to have.  

As mentioned earlier, it is no ordinary consumer class GPU. The regular RTX 3090 was not a regular consumer class GPU either, so you should not expect this one to be at its asking price. NVIDIA targets not only the most demanding gamers with this card, they want the prosumers to also notice. It is made to chew applications like Maya, Blender, Cinema4D, and other 3D rendering software then spitting out masterpieces as quickly as you can conceptualize them. Of course, I am exaggerating a little bit here, but you get the idea. 

It packs 10,752 CUDA cores with 24GB of onboard memory that is capable of 78 RT-TFLOPs, 40-Shader-TFLOPs, and 320 Tensor-TFLOPs. That basically means it can do a lot of calculations. The regular RTX 3090 only houses 10,496 CUDA cores in comparison. The result is a GPU that is overall 9% faster than the one that it evolves from. It is also about 50% faster than the most expensive GPU NVIDIA had before, the TITAN RTX.  

All these not just enables gamers to game with up to 8K resolutions in smooth fashion. It also enables content creators to work even more seamlessly with 8K resolution contents. The demand for contents today has brought 8K resolution videos as standard. This would be the perfect GPU to work with for 8K contents.  

ROG Strix LC and TUF Gaming GeForce RTX 3090 Ti Graphics Cards
Source: ASUS

The first of the board partners that have come out and announced their RTX 3090 (at least in Malaysia) is ASUS with their ROG Strix and TUF Gaming GeForce RTX 3090 Ti GPUs. The Strix is quite unique, a water-cooled GPU with its own AiO cooler that you need to find space for in your case, if you want one. The TUF Gaming GPU is a more regular GPU, but you still do need some clearance for it with a 3.2 slot heatsink. You can get the ROG GPU at MYR 11,000 and the TUF Gaming GPU from MYR 9,700, which is around the ballpark price of a high-end GPU these days.  

So, What Does This Mean? 

A quick Shopee search for the NVIDIA GeForce RTX 3090 GPU will bring you some clue to the answers. You would see prices of the previous halo product going anywhere between MYR 10,000 to about MYR 12,000. This would be considered a reasonable price before the RTX 3090 Ti showed up. Considering stocks are low, with demands that stocks could not meet, it is understandable these prices.  

A few months ago, a quick search of the NVIDIA GeForece RTX 3090 yields result that hover anywhere between MYR 12,000 to even MYR 20,000 for a single GPU. This also means that GPUs have gone down in prices for the past few months and that is a good thing. But it is not necessarily good enough because GPUs are still sold way above their retail prices, just because they can. 

Here is the thing though, the NVIDIA GeForce RTX 3090 Ti marks an end of stock shortages in the GPU market, it is basically NVIDIA producing a new halo product because they can finally do it with ease. It is why the RTX 3080 Ti was released and the RTX 3090 Ti had to wait a few more months before it comes to light.  

If you look closely, even with ASUS’ inflated pricing, the RTX 3090 Ti is priced lower than plenty of the current RTX 3090 GPUs you can find in the market. This should, in turn, drive down prices of GPUs that are currently out in the market even lower. At this point as well, retailers might not even be able to use the “stocks are still scarce” excuse to price their GPUs. There is enough GPUs to go around now, and prices should have come down to earth.  

Sure, a halo product like this will still come in limited quantities. It is, after all, the most expensive GPU you can buy in 2022. But it does mean that you can go out and buy a GPU. It signals to us that you can start haggling down prices of the GPUs that you want from the retailers, at least a little bit. It also means that you have enough GPUs to go around now. It is now almost a reasonable time to go out and buy a GPU.  

PR Newswire

Bricsys: BricsCAD® AX3000 MEP Suite Admitted to CITF’s Pre-Approved BIM Software List

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Government-Subsidized Discounts Now Available to Eligible Applicants

GHENT, Belgium, April 4, 2022 /PRNewswire/ — Global software developer Bricsys (www.bricsys.com), part of Hexagon, today announced that BricsCAD® AX3000 MEP Suite has been admitted to the Construction Innovation and Technology Fund’s (CITF) Pre-approved BIM Software List.

The decision enables eligible applicants in Hong Kong’s construction industry to benefit from government-subsidized discounts on BricsCAD AX3000 MEP Suite – a solution for building mechanical, electrical and plumbing engineering – through its Construction & Innovation Technology Fund (CITF).

The newly-approved BIM solution leverages specialised AX3000 modules that interact seamlessly with each other and BricsCAD to cover all aspects of building services engineering: ventilation, heating, sanitation, electrical, residential ventilation and fire safety and sprinkler systems.

Pat Williams, Vice-President of Sales, APAC at Bricsys comments: “We are delighted that eligible users across Hong Kong will enjoy access to this market-leading solution at a reduced price through the CITF. We believe the admission of our solution to the CITF Pre-approved BIM Software List is an endorsement of the powerful combination that AX3000 and BricsCAD represents as the construction industry continues to digitize.”

BricsCAD and AX3000 MEP are built on a familiar DWG file format. This enables engineers to seamlessly bring their 2D CAD drawings into the platform, rather than re-building them from scratch in a new environment. It is also based on an openBIM architecture, accelerates time to value and reduces hours lost to training.

Williams continues: “Some software packages require engineers to spend between nine and 18 months getting up to speed on their technology, UX and UI. In today’s fast paced business world, we recognise the need to shorten that learning curve and as a result of its familiar DWG environment, training on BricsCAD AX3000 MEP Suite typically takes between 10 weeks and three months.”

In addition, all IFC (Industry Foundation Classes) data created in BricsCAD is fully certified to openBIM industry standards and can be shared across different software platforms, facilitating the exchange of digital building models and extraction of required engineered drawings

About Bricsys 
Bricsys (www.bricsys.com), part of Hexagon, is the global technology company that creates the BricsCAD® family of computer aided design (CAD) products and the Bricsys® 24/7 project collaboration platform. We are relentlessly committed to the success of our customers by offering cost-effective, mission-critical CAD software with industry-leading product support.  Established in Belgium in 2002, Bricsys NV has approximately 300 employees around the world, partners in more than 80 countries and 1,200 registered application developers.  

PR Newswire

Horwin Brasil and CBMM team up to apply ultra-fast charging Niobium batteries in electric motorcycles

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Vehicle will be a pioneer in using a battery with Niobium. The model will be presented in the first half of the year, and is expected to hit the market in 2024

SÃO PAULO, April 4, 2022 /PRNewswire/ — Aiming to expand access to clean energy and contribute to the popularization of electromobility in the country, Horwin Brasil, an electric motorcycle company, has partnered with the Brazilian CBMM, the world’s leading specialist in Niobium technologies. The objective of the agreement is to apply a lithium-ion battery with Niobium in electric two-wheel vehicles.

Horwin - CR6 (Credit: Horwin Brasil)
Horwin – CR6 (Credit: Horwin Brasil)

“The partnership with Horwin Brasil is important, as it accelerates the application of ultra-fast recharge batteries with Niobium in motorcycles as well”, says Rogério Marques Ribas, manager of the CBMM Battery Program.

According to Horwin Brasil’s CEO, Pricilla Favero, this project prototype will be presented in the first half of 2022. Horwin’s CR6 model motorcycle will be used, which has 6,200W of engine power and up to 150 km of autonomy. “With CBMM’s expertise and pioneering spirit, added to our highly skilled team in developing new solutions, the expectation is that the motorcycle with a Niobium battery will be available in the Brazilian market as early as 2024.

“We work so that, soon, anyone will be able to use an electric motorcycle with ultra-fast charge of up to ten minutes. In addition to this recharge differential, Niobium batteries bring significant benefits in terms of safety and battery life, as they allow up to 20,000 charges under a relatively wide range, which alone is the greatest advance for this sector in recent times”, complements Pricilla.

Ribas adds that the technology to be used in the electric motorcycle’s battery is the result of more than three years of research and development by collaborating CBMM and Japanese company Toshiba Corporation.

The CBMM manager explains that “the use of Niobium oxide in the anode of lithium-ion batteries provides special features for this component. Being a very stable element, it allows safer and more efficient operations. Furthermore, due to its more open crystal structure, which facilitates lithium intercalation, it allows a full recharge in less than ten minutes, without damaging the battery”. He adds that, due to these unique characteristics, batteries with Niobium are safer and have a much longer useful life than traditional batteries.”

Toshiba Corporation explains that “Toshiba has been focusing our attention on the possibility of Niobium Titanium Oxide (NTO) as a next-generation anode material that will help increase the battery capacity while maintaining the excellent characteristics of lithium titanium oxide (LTO), the conventional anode material of SCiB™. NTO has roughly three times higher theoretical volume capacity density than LTO while providing the advantages of LTO such as long life and rapid charging.”

INNOVATION

Ribas reinforces that “CBMM already works with several companies in the automotive industry, whether in vehicular structures or in developing Niobium applications for electric mobility”. An example is the partnership with Volkswagen Caminhões e Ônibus – VWCO. Announced in 2021, it provides for the application of Niobium batteries in large electric vehicles, which will begin to be tested in 2023, at the VWCO factory, in the city of Resende, state of Rio de Janeiro, and later at CBMM’s industrial plant in Araxá, in the state of Minas Gerais, both in Brazil.

About Horwin Brasil

Horwin Brasil is part of the Horwin Global group, today with more than 700 distributors worldwide, and exporting to more than 60 countries. Horwin’s focus has always been on developing a high-powered electric motorcycle with superior design, quality, and technology. All Horwin products reflect this. In Brazil, we already have a distribution center in Manaus and, by the end of 2022, each region of the country will have a Horwin distributor / dealer. We at Horwin Brasil, from the second half of 2024, will use this new Niobium battery technology on all our motorcycles, charging in less than ten minutes.

About CBMM

CBMM is the world leader in the production and commercialization of Niobium products and has been in the market for over 60 years. CBMM is headquartered in Brazil, with subsidiaries in the United States, the Netherlands, Singapore and Switzerland and representative offices in China. CBMM manufactures and supplies niobium products and develops applications for the infrastructure, mobility, aerospace, health and energy sectors. The company has more than 400 clients in 50 countries. Its business model is guided by solid corporate governance and is based on guaranteed supply and development of new technologies in partnership with the most renowned research centers worldwide.

Find out more about Niobium technologies
Website: www.Niobium.tech
LinkedIn: Niobium.tech
Instagram: @Niobium.tech
Twitter: Niobium_Nb
Youtube: Niobium.tech

PR Newswire

Kingdom Heroes 8 English version coming soon! Iconic features you need to know

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TAIPEI, April 2, 2022 /PRNewswire/ — Kingdom Heroes is a classic IP series that was R&D by USERJOY for score years, which hits 4,000,000 sales until now and the squeal Kingdom Heroes 8 English version will be recently released on Steam. In 2021 January, Kingdom Heroes 8 entered the weekly sales top 4 and now breakthrough 300,000 sales in a month. This classic playing method accumulated a huge number of regular players afterward. Let’s have a look at the features that you should know before starting this game!


Inherit and breakthrough the classic

Kingdom Heroes 8 goes on the classic strategic playing method as the previous pieces. It greatly improved the visual quality to present a wide and sophisticated map while inheriting the horizontal scrolling screen environment.


Reappearing the stage of The Records of the Three Kingdoms

The vast map reproduces where the story takes place particularly. Not only random events but also new elements are added to let people fight and explore freely in an opening explore the environment.

Magnificent army with thousands of men and horses

Players can enjoy fighting thousands with various special arms on the battlefield. A dazzling visual can be provided with retaining the horizontal scrolling operation.



Special skills with general’s stratagem

Controlling multiple generals finely will be possible in this generation. The generals’ unique skills have also been remade, all well-known generals own their magnificent ascend animation and a unique skill close up.


Multi-dimensional growing system

Title, equipment, divine weapon, war steed, designation, etc. are in one’s Officers Growing system. We have simplified the domestics and added a Minister system. Uniting domestics in the previous piece to automate the operation, adding the Stronghold Ancillary Building system to endow the forces with different attributes and features give the game enrichments.

Kingdom Heroes 8’s R&D team strives to strike a balance between classical and innovation. We would like to present a piece which is different from the past with the aim of bestowing our players a better game experience.

Kingdom Heroes 8 on STEAM：

https://store.steampowered.com/app/875210/8/

Kingdom Heroes 8 Facebook：

https://www.facebook.com/UJSG8.ENG

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Dada’s JDDJ in action to guarantee medical supply and online health consultation with pharmaceutical partners

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SHANGHAI, April 2, 2022 /PRNewswire/ — As a number of cities in China are ramping up anti-epidemic measures, more consumers rely on online-to-offline services to purchase much-needed medications. JDDJ, one of China’s largest local on-demand retail platforms operated by Dada Group (Nasdaq: DADA), is proactively stepping up efforts to guarantee citizens’ medication needs in collaboration with its pharmaceutical partners.

Pharmacy-to-home service on JDDJ.
Pharmacy-to-home service on JDDJ.

In Shanghai where Dada is headquartered, a surge in number of orders for drugs becomes evident – to address citizens’ needs, JDDJ’s on-demand retail and delivery services have become essential. According to operating data from JDDJ on April 1, in March, the number of orders for epidemic prevention related medical supplies, the number of orders for chronic disease medicines, and that of orders for common household medicines in Shanghai have increased by 380%, 160% and 130%, respectively, on a month-over-month basis.

In addition, to better help those in need, JDDJ is now connected to JD Health, the healthcare subsidiary of JD.com, to provide 24-hour free online health consultation services as an effort to enable platform customers to obtain professional advice and guidance from doctors in a timely manner without leaving home. Data from JDDJ shows a strong demand in online medical consultation in March across the country, recording a month-over-month growth of 30% in number of consultations compared to February.

About Dada Group

Dada Group is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China’s largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The Company’s two platforms are inter-connected and mutually beneficial. The Dada Now platform enables improved delivery experience for participants on the JDDJ platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform. In June 2020, Dada Group began trading on the Nasdaq Global Market, under the ticker symbol “DADA.”

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PR Newswire

Bairong Inc. Achieves Record Revenues and Adjusted Net Profit in 2021

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BEIJING, April 2, 2022 /PRNewswire/ — Bairong Inc. (“Bairong” or “the Company”, 6608.HK), a leading independent AI-powered technology platform in China, has released its 2021 Annual Report with new records in revenues and adjusted net profit. Its total revenues and adjusted net profit reached RMB1.623 billion and RMB141 million in 2021, representing year-on-year growth of 43% and 76%, respectively.

Highlights of the Annual Report for the year ended December 31, 2021:

  • Revenues for smart analytics and operation services, its largest business segment, increased 38% year-on-year to RMB737 million, the best result in the past four years.
  • Revenues from the other two segments also set new records. Revenues for precision marketing services increased by 60% year-on-year to RMB422 million.
  • Revenues from insurance distribution services increased by 37% year-on-year to RMB464 million, of which life insurance and health insurance premiums accounted for the vast majority, with an average policy period exceeding 10 years and a renewal rate exceeding 95%.
  • The net cash flow from operating activities rose to RMB265 million, a year-on-year increase of 27%. Cash equivalents and financial assets totaled RMB3.95 billion.

Expanding client base and strengthening relations with key clients

Bairong’s client base includes the majority of state-owned banks, more than 900 regional banks, substantially all of China’s consumer finance companies and major insurance companies. By the end of 2021, the Company had provided services to 5,700 financial services provider(FSP) clients in China, including over 3,300 paying FSP clients, an increase of 28% year-on-year. Average revenue per user(ARPU) of key FSP clients increased by 25% year-on-year to RMB5.12 million. The retention rate of key FSP clients reached 92%, and a net dollar expansion rate of 118% for KSP clients was achieved.

Bairong also strengthened its relations with key clients. Take a key state-owned bank as an example. Bairong completed methodological research for a bank-wide retail business growth project in mid-2021. It also successfully embedded an AI-enabled voicebot service function into the smart operations of the retail business line of the bank, which included “Interactive Voice Response(IVR) + manual” mode and IVR mode. Compared with previous purely manual working conditions, these two modes can help the bank reduce costs by approximately 50% and 90% respectively.

Besides organic growth, Bairong also acquired leading domestic management consulting and digital marketing cloud platforms. Last year, its largest M&A was the acquisition of Beijing All Union Technology Corp. (“All Union”).

Investing in R&D to reinforce technology innovation

Last year, Bairong’s total R&D investment reached RMB252 million, representing 16% of its total revenues. Its R&D focuses on innovation in vertical fields, including machine learning, AI-enabled voicebot and privacy computing.

Bairong won five national invention patents last year. To date, it owns over 150 software copyrights and patents. In 2022, the Company plans to expand its technological advantages in machine learning, cooperate in research and development, optimize the application of ORCA, an automatic learning platform for financial scenarios, improve clients’ ROI and other business objectives, and strengthen its competition barriers.

Undervalued by the market

Compared with its benchmark fintech and SaaS companies listed in US and HK, the Company believes that it is significantly undervalued by the market. At present, Bairong’s P/B ratio is about 0.8, lower than the median P/B ratio of the SaaS sector by 150%. The cash assets of Bairong alone are currently equivalent to 108% of its current market value. The current PS ratio of Bairong is also much lower than the average of the SaaS sector in the Hong Kong stock market.

The Annual Report demonstrated that Bairong maintained its robust growth in 2021. With its innovative technologies, profound insights and rich experience, Bairong believes it will continue to contribute to and benefit from the digital transformation of the banking industry in China.

About Bairong Inc.

Founded in March 2014, Bairong is a leading independent AI-powered technology platform in China serving more than 5,700 financial services provider clients. Bairong was the largest independent financial big data analytics solutions provider in China. Adhering to the mission of empowering every financial services provider in China with smart and comprehensive data analytics, Bairong has built a cloud-native technology platform that supports the full business cycle of FSP clients, including smart analytics, decision-making support, smart consumer operation and wealth management solutions, enabling them to improve risk management ability, promote user activity and operational efficiency. Bairong also provides precision marketing and insurance distribution services that enable FSP clients to reach and serve their target customers more effectively.

For more information, please visit Bairong.

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Source: Bairong Inc.

PR Newswire

Advancell Microspheres Launches New Website

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DALLAS, April 2, 2022 /PRNewswire/ — Sekisui Specialty Chemicals, provider of multiple chemical solutions, is excited to announce the launch of its new website, www.Advancell.com. Advancell spheres are thermo-expandable microspheres that can be combined with a resin base to yield light weight, flexible materials like foam. The new Advancell website helps prospects, customers, and stakeholders find valuable information about Advancell microspheres in more intuitive and efficient way.

The multi-language site features information and graphics illustrating the compatibility of Advancell microspheres with multiple base resins and processing methods. The website features a new applications section, providing specific information on applications such as building materials, automobiles, daily living goods, and other specialty items. It will make it easier for customers to get technical details on their preferred application in their preferred language. 

Sekisui Specialty Chemicals invites visitors to explore the new website. The latest information on products and availability will be added to the News section as it occurs. 

Sekisui Specialty Chemicals’ primary product is Selvol, a line of high-performance polyvinyl alcohol polymers and copolymers used in paper, adhesive, packaging, construction, personal care, and many other specialty formulations. The company also represents Durastream CPVC compounds and resins, Advancell expandable microspheres, and S-LEC BK polyvinyl acetal resins. Sekisui Specialty Chemicals is a subsidiary of the Sekisui Chemical Group, a multibillion dollar, global company that delivers a wide range of products and services to enrich people’s lives. The company is comprised of core businesses and technologies in housing, social infrastructure, and chemical solutions. For more information, visit www.sekisui-sc.com/.

https://mma.prnasia.com/media2/1779033/Advancell__video.mp4