Yearly Archives: 2022

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.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Gartner is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

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.

PR Newswire

ViewSonic’s New M1 Pro Projects in 360 Degrees with a Flexible Smart Stand

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Enjoying Big Screen On-the-Go with Upgraded Visuals and Versatile Usages

BREA, Calif., Sept. 23, 2022 /PRNewswire/ — ViewSonic Corp., a leading global provider of visual solutions, introduces the new M1 Pro Smart LED Portable Projector. This palm-sized cinematic powerhouse weighs less than 1kg and features a patented smart stand, delivering 720p HD images in 360 degrees with theatre-quality audio from Harman Kardon speakers. With a 30,000-hour maintenance-free LED light source and a built-in battery, the M1 Pro is the ideal companion to turn almost anywhere into an immersive entertainment space.

“Portable projectors with higher resolutions are in strong demand, we launch the upgraded M1 Pro to push the boundaries of what portable projectors are capable of. With its enhanced visuals and a patented stand for 360-degree projection, its flexibility satisfies every spontaneous need of the user,” said Dean Tsai, General Manager of Projector & LED Display Business Unit at ViewSonic. “In addition, the stylish design comes with a mesh surface that infuses a sense of warmth to the tech device. It also embodies our commitment to offering large-screen entertainment that fits into any lifestyle.”

A Fantastic Audiovisual Experience Anywhere, Anytime

With its palm-sized lightweight (950g) design, the M1 Pro can easily be carried in small bags. Once turned on, the M1 Pro delivers an outstanding 100 inches image from 2.5 meters away, offering 600 LED Lumens of brightness and true-to-life colors. Dual sets of powerful customized Harman Kardon speakers are integrated into the small device, delivering rich and clear audio that brings movies, TV shows, concerts, and games to life.

Powered by a built-in battery, this compact portable projector is travel-friendly. It supports big-screen entertainment on-the-go without having to worry about a power source. Alternatively, a power bank or a USB-C charger can also be used to power the projector for longer sessions, making it ideal for home, camping trips, and movie nights under the stars.

Versatile Projection in 360 Degree with a Smart Stand

The M1 Pro has a patented 3-in-1 smart stand for 360-degree projection, auto power on/off, and lens cap, bringing flexible usage and maximizing opportunities for instant fun. By swiveling the stand, the projector powers on automatically. The sturdy metal stand can easily be set up anywhere to project a large and vivid image. To shut it down, simply swivel the stand back to cover the projector lens. The stand also functions as a protective cover when being carried around.

Additionally, the M1 Pro can project a perfectly-formed image from any angle. Thanks to its auto vertical keystone correction capability, the image angle can be adjusted immediately. Plus, the comprehensive horizontal & vertical keystone and 4 corner adjustment allow images to shape evenly projected from the front, above, below, and the sides.

Stylish Design and Intuitive Functionality

The M1 Pro is designed with a new aesthetic, featuring a mesh texture on the surface, which brings a soft touch to the sleek metallic look. The intuitive touchpad on the top allows users to play, pause, and adjust the volume, whereas the curved magnetic I/O cover completes the minimalist one-piece design.

With embedded Wi-Fi connectivity, smart devices can be paired with the M1 Pro wirelessly, mirroring a vast range of content to the screen. Moreover, the portable projector allows versatile audio options that suit every occasion. It can be used as a Bluetooth speaker or simply connect to Bluetooth headphones to immerse oneself in the big screen entertainment.

To learn more about ViewSonic’s M1 Pro Smart LED Portable Projector, please click the Product Intro Video and Scenario Video.

About ViewSonic

Founded in California, ViewSonic is a leading global provider of visual solutions and conducts business in over 100 countries worldwide. As an innovator and visionary, ViewSonic is committed to providing comprehensive hardware and software solutions that include monitors, projectors, pen displays, commercial displays, All-in-One LED displays, ViewBoard interactive displays, and myViewBoard software ecosystem. With over 35 years of expertise in visual displays, ViewSonic has established a strong position for delivering innovative and reliable solutions for education, enterprise, consumer, and professional markets and helping customers “See the Difference.” To find out more about ViewSonic, please visit www.viewsonic.com.

https://mma.prnasia.com/media2/1901820/M1_Pro_Scenario_Video_EN_Compress.mp4
PR Newswire

Geek+ provides smart automation to heating, ventilation, and air conditioning specialist OEG

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  • 153 Geek+ P800 picking robots cover 15,000m2 of OEG’s warehouse and handle specialized shelving units unique to OEG’s product lines
  • Geek+ implemented the solution in just three months with no interruption to OEG’s operations

HESSISCH OLDENDORF, Germany, Sept. 22, 2022 /PRNewswire/ — Geek+, the global leader in autonomous mobile robots, has deployed over 150 goods-to-person robots at OEG’s warehouse in northwestern Germany. The solution Geek+ developed for OEG, which uses P800 picking robots and custom-made shelving, was implemented in just three months without any interruption to OEG’s operations.

The OEG warehouse in Hessisch Oldendorf stores over 80 000 different spare parts and accessories for heating, ventilation, and air conditioning (HVAC) systems and supplies wholesalers and manufacturers in Germany, as well as international markets. OEG has a wide array of specialized products that require unique storage solutions. The company has designed shelves that match SKUs of all sizes to the greatest possible extent. The unique nature of these specialized storage units posed no obstactle for Geek+’s flexible autonomous mobile robots, with 15,000m2 of the site now operated by the fleet of Geek+ AMRs.

Geek+’s engineers studied the operations within OEG’s warehouse and devised an implementation program that caused a minimum of disruption to the site’s processes and operations. Despite the introduction of revolutionary automation technology, virtually no changes in material flows was necessary. As a result, the solution was implemented in phases without disruption to OEG’s business, and was fully operational in just three months.

Markus Schellinger, VP of Solutions at Geek+, said: “We were able to take our flagship goods-to-person system and easily adapt it to OEG’s business in record time and with no business interruption. P800 robots are just about the most robust and standardized solution that can be found today, and we are proud to have been selected by OEG to modernize their operations.”

Benjamin Löffeld, Project Manager at OEG, said: “In order to scale our business and manage rising operational costs, we turned to flexible automation with Geek+ instead of traditional methods. We are extremely pleased with how quickly they got the system up and running and how smoothly the AMRs were integrated into our warehouse.”

OEG is now ready to provide their growing client base with world-class speed and quality service. Geek+ is capable of adding even more robots to handle an even greater volume of orders as OEG’s business continues to grow.

About Geek+  

Geek+ is a global technology company leading the intelligent logistics revolution. We apply advanced robotics and AI technologies to realize flexible, reliable, and highly efficient solutions for warehouses and supply chain management. Geek+ is trusted by over 500 global industry leaders and has been recognized as the world leader in autonomous mobile robots. Founded in 2015, Geek+ has over 1500 employees, with offices in Germany, the United Kingdom, the United States, Japan, South Korea, Mainland China, Hong Kong SAR, and Singapore. 

For more information, please visit: https://www.geekplus.com/ 

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Trip.com Group Limited Reports Unaudited Second Quarter and First Half of 2022 Financial Results

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SHANGHAI, Sept. 22, 2022 /PRNewswire/ — Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) (“Trip.com Group” or the “Company”), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management, today announced its unaudited financial results for the second quarter and first half of 2022.

Key Highlights for the Second Quarter of 2022

The Company delivered resilient results in the second quarter despite the continued disruptions resulting from the COVID-19 resurgence in China.

  • Net income for the second quarter was RMB43 million (US$6 million), which improved from net loss of RMB1.0 billion for the previous quarter.
  • Adjusted EBITDA for the second quarter was RMB355 million (US$53 million), representing a 290% increase from RMB91 million for the previous quarter,
  • Staycation travel continued to serve as a major contributor to the recovery of the Chinese domestic market, with local hotel bookings increasing by over 30% compared to the same period in 2019.
  • Both air-ticket and hotel bookings on global platforms increased over 100% year over year in the second quarter.

“In the second quarter, the global travel industry has made continued progress towards full recovery. The recovery momentum in Europe and the United States remained robust, and the rebound of travel activities in the Asia-Pacific region also sped up due to further relaxation of travel restrictions,” said James Liang, Executive Chairman. “With our product innovation and service enhancement, we are confident in further strengthening our competitive position and capturing the pent-up demand. “

“Despite the challenges in the China domestic market in the first two months of the second quarter, the fundamental demand for travel remained solid. We are delighted to see the domestic hotel bookings quickly bouncing back to the pre-pandemic level at the end of the second quarter with such momentum extended into the following months.” said Jane Sun, Chief Executive Officer. “We will continue to improve our operating efficiency and conduct prudent cost control in the face of the changing environment. All these efforts will enable us to remain flexible and pave the way for long-term growth.”

Second Quarter of 2022 Financial Results and Business Updates

In the second quarter of 2022, the COVID-19 resurgence continued to disrupt the travel industry in China, which discouraged user demand for the Company’s services. As a result, the Company’s results of operations for the second quarter of 2022 were materially and adversely affected.

For the second quarter of 2022, Trip.com Group reported net revenue of RMB4.0 billion (US$598 million), representing a 32% decrease from the same period in 2021 and a 2% decrease from the previous quarter, primarily due to the continued disruptions resulting from the COVID-19 resurgence in China.

Accommodation reservation revenue for the second quarter of 2022 was RMB1.4 billion (US$203 million), representing a 45% decrease from the same period in 2021 and a 6% decrease from the previous quarter, primarily due to the continued disruptions resulting from the COVID-19 resurgence in China.

Transportation ticketing revenue for the second quarter of 2022 was RMB1.8 billion (US$263 million), representing a 15% decrease from the same period in 2021, primarily due to the continued disruptions resulting from the COVID-19 resurgence in China. Transportation ticketing revenue increased by 6% from the previous quarter, primarily driven by strong recovery of air travel in the overseas market.

Packaged-tour revenue for the second quarter of 2022 was RMB122 million (US$18 million), representing a 67% decrease from the same period in 2021 and a 2% decrease from the previous quarter, primarily due to the continued disruptions resulting from the COVID-19 resurgence in China.

Corporate travel revenue for the second quarter of 2022 was RMB210 million (US$31 million), representing a 46% decrease from the same period in 2021 and a 5% decrease from the previous quarter, primarily due to the continued disruptions resulting from the COVID-19 resurgence in China.

Cost of revenue for the second quarter of 2022 was RMB976 million (US$146 million), representing a 20% decrease from the same period in 2021, which was in line with the decrease in net revenue. Cost of revenue decreased by 9% from the previous quarter. Cost of revenue as a percentage of net revenue was 24% for the second quarter of 2022.

Product development expenses for the second quarter of 2022 decreased by 20% to RMB1.8 billion (US$264 million) from the same period in 2021 and decreased by 10% from the previous quarter, primarily due to a decrease in product development personnel related expenses. Product development expenses as a percentage of net revenue was 44% for the second quarter of 2022.

Sales and marketing expenses for the second quarter of 2022 decreased by 41% to RMB826 million (US$123 million) from the same period in 2021 and decreased by 2% from the previous quarter, primarily due to a decrease in expenses relating to sales and marketing promotion activities. Sales and marketing expenses as a percentage of net revenue was 21% for the second quarter of 2022.

General and administrative expenses for the second quarter of 2022 decreased by 15% to RMB604 million (US$90 million) from the same period in 2021, primarily due to a decrease in general and administrative personnel related expenses. General and administrative expenses increased by 3% from the previous quarter. General and administrative expenses as a percentage of net revenue was 15% for the second quarter of 2022.

Income tax expense for the second quarter of 2022 was RMB173 million (US$26 million), compared to income tax expense of RMB97 million for the same period in 2021 and income tax benefit of RMB14 million in the previous quarter. The change in Trip.com Group’s effective tax rate was primarily due to the combined impacts of changes in respective profitability of its subsidiaries with different tax rates, certain non-taxable income or loss resulting from the fair value changes in equity securities investments and exchangeable senior notes, and changes in valuation allowance provided for deferred tax assets.

Net income for the second quarter of 2022 was RMB43 million (US$6 million), compared to net loss of RMB659 million for the same period in 2021 and net loss of RMB1 billion for the previous quarter. Adjusted EBITDA for the second quarter of 2022 was RMB355 million (US$53 million), compared to RMB916 million for the same period in 2021 and RMB91 million for the previous quarter. Adjusted EBITDA margin was 9% for the second quarter of 2022, compared to 16% for the same period in 2021 and 2% for the previous quarter.

Net income attributable to Trip.com Group’s shareholders for the second quarter of 2022 was RMB69 million (US$10 million), compared to net loss attributable to Trip.com Group’s shareholders of RMB647 million for the same period in 2021 and net loss attributable to Trip.com Group’s shareholders of RMB989 million for the previous quarter. Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense) and their tax effects, non-GAAP net loss attributable to Trip.com Group’s shareholders was RMB203 million (US$31 million), compared to non-GAAP net income attributable to Trip.com Group’s shareholders of RMB728 million in the same period in 2021 and non-GAAP net loss attributable to Trip.com Group’s shareholders of RMB36 million for the previous quarter.

Diluted income per ordinary share and per ADS was RMB0.10 (US$0.01) for the second quarter of 2022. Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes and their tax effects, non-GAAP diluted loss per ordinary share and per ADS was RMB0.31 (US$0.05) for the second quarter of 2022. Each ADS currently represents one ordinary share of the Company.

As of June 30, 2022, the balance of cash and cash equivalents, restricted cash, short-term investment, held to maturity time deposit and financial products was RMB65.6 billion (US$9.8 billion).

Conference Call

Trip.com Group’s management team will host a conference call at 8:00 PM EST on September 21, 2022 (or 8:00 AM CST on September 22, 2022) following this announcement.

The conference call will be available live on Webcast and for replay at: https://investors.trip.com. The call will be archived for twelve months on our website.

All participants must pre-register to join this conference call using the Participant Registration link below:

https://register.vevent.com/register/BIe6a1088f8c3f4a77a18a7d5b03d2bc2e

Upon registration, each participant will receive details for this conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the number provided, enter your PIN, and you will join the conference instantly.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” “is/are likely to,” “confident” or other similar statements. Among other things, quotations from management in this press release, as well as Trip.com Group’s strategic and operational plans, contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, severe or prolonged downturn in the global or Chinese economy, general declines or disruptions in the travel industry, the impact of COVID-19 pandemic to Trip.com Group’s business operations, volatility in the trading price of Trip.com Group’s ADSs or shares, Trip.com Group’s reliance on its relationships and contractual arrangements with travel suppliers and strategic alliances, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in the relevant jurisdictions where Trip.com Group operates, failure to successfully develop Trip.com Group’s existing or future business lines, damage to or failure of Trip.com Group’s infrastructure and technology, loss of services of Trip.com Group’s key executives, adverse changes in economic and political policies of the PRC government, inflation in China, risks and uncertainties associated with PRC laws and regulations with respect to the ownership structure of Trip.com Group’s affiliated Chinese entities and the contractual arrangements among Trip.com Group, its affiliated Chinese entities and their shareholders, and other risks outlined in Trip.com Group’s filings with the U.S. Securities and Exchange Commission or the Stock Exchange of Hong Kong Limited. All information provided in this press release and in the attachments is as of the date of the issuance, and Trip.com Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Non-GAAP Financial Measures

To supplement Trip.com Group’s unaudited condensed consolidated financial statements presented in accordance with United States Generally Accepted Accounting Principles (“GAAP”), Trip.com Group uses non-GAAP financial information related to adjusted net income attributable to Trip.com Group Limited, adjusted EBITDA, adjusted EBITDA margin and adjusted diluted earnings per ordinary share and per ADS, each of which is adjusted from the most comparable GAAP result to exclude the share-based compensation charges that are not tax deductible and fair value changes of equity securities investments and exchangeable senior notes, net of tax. Trip.com Group’s management believes the non-GAAP financial measures facilitate better understanding of operating results from quarter to quarter and provide management with a better capability to plan and forecast future periods.

Non-GAAP information is not prepared in accordance with GAAP, does not have a standardized meaning under GAAP, and may be different from non-GAAP methods of accounting and reporting used by other companies. The presentation of this additional information should not be considered a substitute for GAAP results. A limitation of using non-GAAP financial measures is that non-GAAP measures exclude share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes and their tax effects that have been and will continue to be significant recurring expenses in Trip.com Group’s business for the foreseeable future.

Reconciliations of Trip.com Group’s non-GAAP financial data to the most comparable GAAP data included in the consolidated statement of operations are included at the end of this press release.

About Trip.com Group Limited

Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) is a leading global one-stop travel platform, integrating a comprehensive suite of travel products and services and differentiated travel content. It is the go-to destination for travelers in China, and increasingly for travelers around the world, to explore travel, get inspired, make informed and cost-effective travel bookings, enjoy hassle-free on-the-go support, and share travel experience. Founded in 1999 and listed on Nasdaq in 2003 and HKEX in 2021, the Company currently operates under a portfolio of brands, including Ctrip, Qunar, Trip.com and Skyscanner, with the mission “to pursue the perfect trip for a better world.”

For further information, please contact:

Investor Relations

Trip.com Group Limited
Tel: +86 (21) 3406-4880 X 12229
Email: iremail@trip.com

Trip.com Group Limited

Unaudited Consolidated Balance Sheets

(In millions, except share and per share data)

December 31, 2021

June 30, 2022

June 30, 2022

RMB (million)

RMB (million)

USD (million)

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

21,196

22,959

3,427

Short-term investments

29,566

30,721

4,587

Accounts receivable, net 

4,649

5,445

813

Prepayments and other current assets 

10,697

10,778

1,609

Total current assets

66,108

69,903

10,436

Property, equipment and software

5,534

5,307

792

Intangible assets and land use rights

13,046

12,929

1,931

Right-of-use assets

777

925

138

Investments (Includes held to maturity time deposit and
financial products of RMB13,112 million and RMB11,891
million as of December 31,2021 and June 30, 2022,
respectively)

44,961

44,075

6,580

Goodwill

59,353

59,326

8,857

Other long-term assets

396

398

60

Deferred tax asset

1,684

1,765

263

Total assets

191,859

194,628

29,057

LIABILITIES

Current liabilities:

Short-term debt and current portion of long-term debt

39,866

36,203

5,405

Accounts payable

6,019

6,745

1,007

Advances from customers

7,535

7,822

1,168

Other current liabilities

12,798

11,926

1,781

Total current liabilities

66,218

62,696

9,361

Deferred tax liability

3,527

3,491

521

Long-term debt

11,093

17,402

2,598

Long-term lease liability

400

591

88

Other long-term liabilities

165

170

25

Total liabilities

81,403

84,350

12,593

SHAREHOLDERS’ EQUITY

Total Trip.com Group Limited shareholders’ equity

109,677

109,542

16,354

Non-controlling interests

779

736

110

Total shareholders’ equity

110,456

110,278

16,464

Total liabilities and shareholders’ equity

191,859

194,628

29,057

Trip.com Group Limited

Unaudited Consolidated Statements of Income/(Loss)

(In millions, except share and per share data)

Three Months Ended

Six Months Ended

June 30, 2021

March 31, 2022

June 30, 2022

June 30, 2022

June 30, 2021

June 30, 2022

June 30, 2022

RMB (million)

RMB (million)

RMB (million)

USD (million)

RMB (million)

RMB (million)

USD (million)

Revenue:

Accommodation reservation 

2,455

1,450

1,357

203

4,035

2,807

419

Transportation ticketing 

2,066

1,663

1,763

263

3,572

3,426

512

Packaged-tour 

367

124

122

18

536

246

37

Corporate travel

390

222

210

31

642

432

64

Others

614

652

564

84

1,216

1,216

181

Total revenue

5,892

4,111

4,016

599

10,001

8,127

1,213

Less: Sales tax and surcharges

(2)

(2)

(5)

(1)

(3)

(7)

(1)

Net revenue

5,890

4,109

4,011

598

9,998

8,120

1,212

Cost of revenue

(1,223)

(1,067)

(976)

(146)

(2,257)

(2,043)

(305)

Gross profit

4,667

3,042

3,035

452

7,741

6,077

907

Operating expenses:

Product development *

(2,226)

(1,974)

(1,772)

(264)

(4,451)

(3,746)

(559)

Sales and marketing *

(1,402)

(843)

(826)

(123)

(2,354)

(1,669)

(249)

General and administrative *

(713)

(584)

(604)

(90)

(1,397)

(1,188)

(178)

Total operating expenses

(4,341)

(3,401)

(3,202)

(477)

(8,202)

(6,603)

(986)

Income/(Loss) from operations

326

(359)

(167)

(25)

(461)

(526)

(79)

Interest income 

472

591

544

81

890

1,135

169

Interest expense

(418)

(341)

(351)

(52)

(825)

(692)

(103)

Other (expense)/income

(848)

(707)

469

70

1,660

(238)

(35)

(Loss)/Income before income tax
expense and equity in income of
affiliates

(468)

(816)

495

74

1,264

(321)

(48)

Income tax (expense)/benefit

(97)

14

(173)

(26)

(138)

(159)

(24)

Equity in loss of affiliates

(94)

(199)

(279)

(42)

(20)

(478)

(71)

Net (loss)/income

(659)

(1,001)

43

6

1,106

(958)

(143)

Net loss attributable to non-controlling interests

12

12

26

4

27

38

6

Net (loss)/income attributable to
Trip.com Group Limited

(647)

(989)

69

10

1,133

(920)

(137)

(Losses)/Earnings per ordinary share

– Basic

(1.02)

(1.52)

0.10

0.01

1.76

(1.42)

(0.21)

– Diluted

(1.02)

(1.52)

0.10

0.01

1.73

(1.42)

(0.21)

(Losses)/Earnings per ADS

– Basic

(1.02)

(1.52)

0.10

0.01

1.76

(1.42)

(0.21)

– Diluted

(1.02)

(1.52)

0.10

0.01

1.73

(1.42)

(0.21)

Weighted average ordinary shares outstanding

– Basic

635,476,056

647,812,835

647,866,001

647,866,001

644,666,248

647,843,829

647,843,829

– Diluted

635,476,056

647,812,835

650,906,465

650,906,465

656,483,984

647,843,829

647,843,829

* Share-based compensation included in Operating expenses above is as follows:

  Product development 

181

107

146

22

332

253

38

  Sales and marketing 

34

18

28

4

56

46

7

  General and administrative 

151

98

130

19

272

228

34

Trip.com Group Limited

Unaudited reconciliation of  GAAP and Non-GAAP Results

(In millions, except % and per share data)

Three Months Ended

Six Months Ended

June 30, 2021

March 31, 2022

June 30, 2022

June 30, 2022

June 30, 2021

June 30, 2022

June 30, 2022

RMB (million)

RMB (million)

RMB (million)

USD (million)

RMB (million)

RMB (million)

USD (million)

Net (loss)/income

(659)

(1,001)

43

6

1,106

(958)

(143)

Less: Interest income

(472)

(591)

(544)

(81)

(890)

(1,135)

(169)

Add: Interest expense

418

341

351

52

825

692

103

Add: Other expense/(income)

848

707

(469)

(70)

(1,660)

238

35

Add: Income tax expense/(benefit)

97

(14)

173

26

138

159

24

Add: Equity in loss of affiliates

94

199

279

42

20

478

71

Income/(Loss) from operations

326

(359)

(167)

(25)

(461)

(526)

(79)

Add: Share-based compensation

366

223

304

45

660

527

79

Add: Depreciation and amortization

224

227

218

33

501

445

66

Adjusted EBITDA

916

91

355

53

700

446

66

Adjusted EBITDA margin

16 %

2 %

9 %

9 %

7 %

5 %

5 %

Net (loss)/income attributable to Trip.com Group Limited

(647)

(989)

69

10

1,133

(920)

(137)

Add: Share-based compensation

366

223

304

45

660

527

79

Add: Loss/(Gain) from fair value changes of equity securities investments
and exchangeable senior notes

1,053

785

(668)

(100)

(1,314)

117

17

Add: Tax effects on fair value changes of equity securities investments and
exchangeable senior notes

(44)

(55)

92

14

45

37

6

Non-GAAP net income/(loss) attributable to Trip.com Group Limited

728

(36)

(203)

(31)

524

(239)

(35)

Weighted average ordinary shares outstanding- Diluted-non GAAP 

645,021,131

647,812,835

647,866,001

647,866,001

656,483,984

647,843,829

647,843,829

Non-GAAP Diluted income/(losses) per share

1.13

(0.06)

(0.31)

(0.05)

0.80

(0.37)

(0.06)

Non-GAAP Diluted income/(losses) per ADS

1.13

(0.06)

(0.31)

(0.05)

0.80

(0.37)

(0.06)

Notes for all the condensed consolidated financial schedules presented:

Note 1: The conversion of Renminbi (RMB) into U.S. dollars (USD) is based on the certified exchange rate of USD1.00=RMB6.6981 on June 30, 2022 published by the Federal Reserve Board.

Cision View original content:https://www.prnewswire.com/news-releases/tripcom-group-limited-reports-unaudited-second-quarter-and-first-half-of-2022-financial-results-301629661.html

PR Newswire

Vivanti to hold hybrid data warehousing webinar

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Data consultancy Vivanti hosts webinar, outlining how hybrid data models help data warehouses deliver a balance between responsiveness and robustness

NEW YORK, Sept. 21, 2022 /PRNewswire/ — Vivanti — the enterprise technology consultancy delivering impactful cloud experiences and data-driven innovations with a client-first ethical framework — is holding a thought leadership webinar next week. The webinar outlines how a hybrid data modeling approach enables data warehousing projects to meet desired business objectives.

Titled You Don’t need more data: You Need better data modeling, the webinar takes place 2pm New York EDT, Wednesday 28th September.

To register for the webinar, go here: https://bit.ly/3xD4yD0

Vivanti Principal Consultant and webinar host, James Hunt, said that the session would explain how organizations can apply blended data architectures to solve modern data challenges.

“Research from Data Science Central suggests that over 80 percent of today’s data warehousing projects fail to achieve desired business goals,” said Hunt. “With more data and data sources than ever before, it’s not a dearth of data that’s the problem. It’s poor data modeling.

“We’re encouraging data professionals, and organizations looking to build or improve their data warehouses, to join us as we outline how hybrid data models can blend the best parts of what Inmon and Kimball have to offer.

“For too long now, we’ve held ourselves hostage to single data warehousing approaches, restricting our capacity to answer pressing questions with sufficient speed and depth. Join us as we pinpoint when, why and how hybrid data models can help unleash our ability to analyze and act on data – with the flexibility and pace that modern business demands.”

The first part of the webinar will identify and explore the core data inputs, analytical outputs and business demands that will shape an organization’s required approach.

The second leg of the webinar will build on the criteria established and examined in the first half. Vivanti’s data consultants then offer advice for successfully executing hybrid data warehousing solutions.

“Leave the sins of brittle ETL pipelines, inflexible reporting, and problematic data governance where they belong – in the data warehousing doldrums,” said Hunt. “See how to deliver modern Cloud Data Platforms that move at the speed of business.”

For more information about the webinar, and to register, go here: https://bit.ly/3xD4yD0

About Vivanti

Vivanti is a modern data-focused cloud consulting company with a consultant-led, customer-first approach. Vivanti consultants are organizationally empowered, and professionally obligated, to advocate for clients’ best interests at each step of every engagement — just as doctors or lawyers are entrusted to do.

Vivanti’s mission is to deliver impactful cloud experiences and data-driven innovations that promote a new level of customer-centric operating standards across the US technology consulting industry. Based in New York City, with offices in Manhattan and Washington DC, Vivanti offers advisory, consulting and managed services across all major cloud platforms. Specializing in the latest cloud data technologies, designed to facilitate digital business transformation and future ways of working, Vivanti’s practice areas include data, artificial intelligence, DataOps and digital customer engagement.

For more information, visit www.vivanti.com

For further media information, interviews or images, please contact:

Lachlan James, Vivanti Chief Marketing Officer, on +61 (0)431 835 658 or lachlan.james@vivanti.com

For regular updates, follow Vivanti on Twitter (@Vivanti_Consult), LinkedIn (Vivanti Consulting), YouTube (Vivanti Consulting), Facebook (@VivantiConsulting) or Medium (VivantiConsulting).

For regular industry news and analysis, subscribe to Vivanti’s mailing list here:

https://vivanti.com/contact-us/

Cision View original content:https://www.prnewswire.com/news-releases/vivanti-to-hold-hybrid-data-warehousing-webinar-301629700.html

Computers, Gaming, Lifestyle, News

NVIDIA’s GeForce RTX 40 Series Ushers in the New Era of Ray Tracing and Neural Rendering

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NVIDIA’s GeForce RTX 30 series, which they fondly refer to as the Ampere architecture processors, were rather potent. At its introduction, it presented the largest generation leap in performance from its predecessors. There were a lot of excitement for the Ampere built GPUs because of the generational gap presented between it, and the older GeForce RTX 20 series GPUs. Then there is the GeForce RTX 40 series that was just introduced by Jensen Huang last night. 

NVIDIA calls it the Ada Lovelace, and it builds upon the technologies presented in its predecessor, the Ampere platform. It is even more capable in its real-time ray tracing functions. It also packs enough power to run an artificial intelligence (AI) algorithm of its own for 3D rendering and processing. That also means this time, AI is involved in rendering the pixels you see on your display.  

2X Performance

First up, you want to know how much faster the new RTX 40 series is compared to the RTX 30 series. In terms of ray tracing performance, the RTX40 is capable of up to 191 teraflops, nearly threefold of its predecessor. Its tensor cores are also capable of up to 1.32 petaflops, about five times the previous generation. But it is not just 3D rendering and ray tracing the gets the performance bump, you also get twice more NVENC decoders that allows the NVIDIA GeForce RTX 40 series to half video workload times. 

How NVIDIA achieved these numbers is a little technical, so we might have to explore that in a different story. In short though, it is not like NVIDIA slapped twice more cores into their chip. They did put more cores into their processing chip, but they have also improved their RT cores with 4nm architectures (hence Ada Lovelace architecture). That results in an improved energy and thermal efficiency of their chips in their GPUs which also means they can push their cores even more than before. That also means that ray tracing performance is doubled over whatever that came before. Thanks to the new Micro-Mesh Engine, the new cores can also generate textures in greater detail than ever before without taking up performance and storage resources. 

DLSS 3.0

DLSS (Deep Learning Super Sampling), we think, was a rather clever technology when it was introduced. While plenty of electronic giants in the home entertainment industry spoke at lengths about how upscaling is the future of television, NVIDIA took it to the next level with DLSS in gaming. You could, for example, play your games in 4K resolution while the GPU only needs to render the graphics in 1080p Full HD, for example. DLSS 2.0 was a major upgrade to the clever feature and made DLSS properly good and reliable. DLSS 3.0 make DLSS a must have feature.  

Where the previous iterations of DLSS lack is speed. While DLSS 2.0 was fast, it lagged behind when you compare it to playing games at native resolution. The AI still must take its time to render each texture from each frame and upscale them to whatever higher resolution you want your games to play in. DLSS 3.0 allows the GPU to now render entire frames for an improved gaming experience, much faster than before. This is thanks to a rather powerful and clever neural engine packed into the GPU. 

RACER RTX ON
Source: NVIDIA

2X Video Rendering

Like we pointed out earlier, the NVIDIA GeForce RTX 40 is not just made for gaming. It is a powerful GPU made for the modern content creator too. For 3D artists, the added power and improved DLSS 3.0 makes rendering scenes and graphics on-site much faster than before. Ray tracing is much more accurate than before as well, allowing textures to be rendered more accurately and more lifelike over previous generation GPUS, and all of it can be done in real time, cutting production times.  

Thanks to the inclusion of two eighth generation AV1 encoder, video editing suites gets an extra boost in power. That also means smoother real time rendering and scrubbing. It also means that videos gets rendered twice as fast now.  

NVIDIA Broadcast also benefited from the dual encoders. Partners now have access to features like Face Expression Estimation, Eye Contact, and even more realistic Virtual Backgrounds. That also means you get better, more interactive video calls, or even better streaming graphics.  

Introducing the NVIDIA GeForce RTX 4090 and RTX 4080

GeForce RTX 4090 Announce
Source: NVIDIA

For now, NVIDIA has only introduced the flagship GeForce RTX 4090 and high-end GeForce RTX 4080. They say that the GeForce RTX 4090 is about twice as fast as the RTX 3090 Ti while maintaining the same TDP at 450W. There are 76 billion transistors and 16,384 CUDA cores you can find on the silicon fitted on the flagship GPU. It is fitted with 24GB of the latest, fastest GDDR6X memory too.  

The GeForce RTX 4080 packs up to 9,728 CUDA cores and up to 16GB of GDDR6S memory. There is also a 12GB edition with 7,680 CUDA cores and 12GB in GDDR6X memory. They say that the 16GB variant is twice more powerful than the current GeForce RTX 3080 Ti and more powerful than the current GeForce RTX 3090 Ti while maintaining a lower power consumption.  

Price and Availability

The NVIDIA GeForce RTX 4090 will be available in select regions from the 12th of October 2022 onward. Prices will start at US$ 1,599, US$ 100 more than the RTX 3090 when it was launched. The NVIDIA GeForce RTX 4080 16GB variant will retail for US$ 1,199 while the 12GB edition will go for US$ 899. Both NVIDIA GeForce RTX 4080 variants will be available only in November 2022. For more information on the new GeForce RTX 40 series, you can visit NVIDIA’s website.