Category Archives: PR Newswire

PR Newswire

Shanghai prioritizes efforts to improve people’s livelihood

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BEIJING, Dec. 2, 2023 /PRNewswire/ — A report from People’s Daily: Chinese President Xi Jinping inspected a government-subsidized rental housing community and learned about the city’s efforts in constructing government-subsidized rental housing projects in Shanghai on Nov. 29.

It is reported that the rental housing community provides affordable rental accommodation for new urban residents and young people.

The rental pricing takes into account both market prices and the income levels of the targeted group. Each apartment in the community is equipped with independent cabinets, a bathroom, and a kitchen. Public spaces such as shared kitchens, laundry rooms, recreational areas, and book corners are also provided.

Shanghai is a megacity. It attracts frontline workers and managers across the country engaging in its urban construction and function. They are important contributors to the city’s development and orderly operation.

In recent years, Shanghai has actively explored the provision of more rental housing with good location, high quality and low rent for frontline laborers, thus better satisfying their actual demands. It has implemented precise supply to ensure their life and work in Shanghai with more safety, comfort and dignity, which have been welcomed by the targeted group.

Adhering to the principle that “cities are built by the people and for the people,” Shanghai has been working to promote high-quality development, improving people’s living quality, and pursuing high-efficiency governance, to make urban management more science-based, refined and intelligent, and to make people’s life more convenient, comfortable, and enjoyable.

In the construction of the city, Shanghai always puts the people’s needs in the first place. It has expedited efforts to revitalize and transform old buildings and urban villages.

This year, the city has renovated 85,200 square meters of lower-grade, scattered, old housing and refurbished 247,700 square meters of aging residential properties. Ten urban village renovation projects have been launched.

Shanghai is actively exploring sustainable development models for urban renewal, while establishing and improving relevant policy systems and mechanisms.

Remarkable progress has been made in key urban renewal projects, such as the Fangua Long in Jing’an District, the ancient Panlong Town in Qingpu District, and Wukang Building in Xuhui District. Meanwhile, an additional 68,000 affordable rental apartments have been constructed.

With an aim to build an urban space that is not only livable but also enjoyable and engaging, Shanghai has worked to ensure coordinated development, management, and quality enhancement of the Huangpu River and the Suzhou Creek.

The Suhe Bay Green Space, a maritime park in the North Bund, and the Dongjiadu Road Skywalk have become popular destinations for citizens and visitors. Furthermore, eight kilometers of riverside paths in Pudong and Minhang have been connected and opened to the public.

Shanghai is accelerating the construction of sponge city demonstration areas and pilot zones for green and low-carbon development, to enhance the overall quality of the city. This year, it has built 75 “beautiful blocks.”

To build a green, smart, and resilient metropolis, Shanghai has reinforced the management of green building projects, and advanced the development of green urban spaces.

This year, approximately 2.6 million square meters of ultra-low energy-consuming buildings are underway, complemented by energy-saving renovations in 5.3 million square meters of existing public structures.

Shanghai has been solidifying the digital infrastructure of urban governance, pursuing digital transformation in all areas of urban construction and management. Particular attention has been focused on gas supply safety, while the control and emergency response to major risk sources are fortified, to forge a robust security line for this megacity.

These explorations and practices of Shanghai are the epitome of China’s commitment to sustainable development and the promotion of new urbanization.

In recent years, China has been continuously advancing a people-centered approach to new urbanization, strengthening the construction of major projects to ensure people’s livelihood, and improving the quality of life for its citizens.

It has accelerated the renovation and upgrading of urban pipelines, increased the availability of inclusive elderly care and medical services, improved urban ecology through the construction of “pocket parks,” and continuously enhanced public fitness facilities.

In the first seven months of this year, investment in the production and supply of electricity, heat, gas, and water in China increased by 25.4 percent. During the same period, renovation was launched for a total of 46,600 old urban residential communities nationwide, benefiting 7.95 million households.

PR Newswire

Embracing the New Horizon, Towards the Shared Future

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SUPCON Celebrates 30th Anniversary

HANGZHOU, China, Dec. 1, 2023 /PRNewswire/ — November 23rd, SUPCON (688777.SH, SUPCON.SW) held the 30th Anniversary celebration event themed “Embracing the New Horizon, Towards the Shared Future” at the Hangzhou Olympic Sports Center. The event witnessed the gathering of over 6,000 SUPCON group members sharing the joy of three decades of remarkable achievements. More than 100,000 global spectators participated in the online livestream.

The opening ceremony featured Congratulatory Speeches from distinguished guests, including Mr. Gao Chong, Deputy District Mayor of Binjiang High-tech District in Hangzhou, Mr. Wang Zizong, Vice Chief Engineer and General Manager of Information and Digital Transformation Management Department at SINOPEC, and Mr. Gu Jiandang, General Manager of Phoenix Contact China. Founder of SUPCON, Mr. Chu Jian, delivered the keynote speech titled “Moving Forward, Achieving Excellence”, extending gratitude to all friends who have supported SUPCON over the 30 years. “Looking ahead, the future is full of uncertainty,” he said, “however, I hope SUPCON would make certain to persist in five key aspects: Create value for customers and society. Do the right and tough things. Stay focused and be reliable. Keep passionate and pursuit excellence. Maintain open and foster cooperation ecosystem.”

The following program unfolded in three chapters: “Crossing Mountains and Seas”, “Embracing High in Clouds” and “Dancing with the Stars”, each corresponding to the momentous stages of SUPCON’s development. SUPCON’s growth mirrors the rapid ascent of Chinese industry and urbanization. Beginning 30 years ago, SUPCON aligned the company vision “make industry smarter, make life easier” with the national initiative to enhance industrial capabilities, and started the journey from small-to-medium-sized chemical projects to MAC projects for million-ton-ethylene plant and ten-million-ton refinery complexes, smart city megaprojects and national strategic projects. Today, SUPCON stands as a public and global entity, continuously embracing new challenges alongside industrial partners and nearly 30,000 process industry clients. The celebration featured a ceremony where representatives from prominent partners stamped the mark of SUPCON’s 30th Anniversary, symbolizing the opening of SUPCON’s next chapter towards a better shared future with global partners.

Following the celebration on the 23rd, the IMPACTS Industry Conference & Exhibition themed “Intelligent, Green, Safe” was successfully held on November 24th under the guidance and support of the Economy and Information Technology Department of Zhejiang, the Department of Commerce of Zhejiang, Hangzhou Municipal government and relevant bureaus.

Mr. Zhang Dengfeng, Secretary of the Party Committee of Binjiang High-tech District and Mr. Li Min, Deputy Director of the Economy and Information Technology Department of Zhejiang delivered opening speeches, extending congratulations and expressing high expectations for SUPCON to seize the opportunities presented by the digital economy development, and contribute to achieving technological self-sufficiency and deepening digital transformation of the national manufacturing industry.

At the plenary session themed “Sustainable High-Quality Development in the Digital Era”, Mr. Li Peigen, Academician of the Chinese Academy of Engineering and Professor at Huazhong University of Science and Technology delivered a report titled “Surpass the Advanced with AI Assistance”. He emphasized the huge potential of applying generative AI in design, where AI will play a leading role, with only essential human guidance. He believes this shift is expected to bring more sense of order and optimization chances to manufacturing activities.

Mr. Qian Feng, Academician of the Chinese Academy of Engineering and Professor at East China University of Science and Technology delivered a report titled “Integration of Digital Reality to Facilitate Digital Transformation of Traditional Raw Materials Industry”. He highlighted the significance of production chain, supply chain and value chain enhancing synergy with intelligent applications, involving AI decision-making assistance, autonomous operation, smart HSE management, etc. This will contribute to achieving green, low-carbon, high-quality and resources & energy effective production.

Mr. Bob Gill, General Manager of ARC Advisory Group Southeast Asia, delivered a speech under the title “Digital Transformation Trends in the Process Industries”. He highlighted the significance of digital technologies in terms of building new business models and new capabilities, pointing out that the modern control systems can be enablers of the digital transformation. We should take the advantages of emerging technologies from both IT and OT, increase agility, flexibility and resilience to retain a competitive advantage.

Mr. George Cui Shan, Chairman and CEO of SUPCON Technology, presented the keynote speech “Exploration & Practice of Intelligent Plant in Process Industries”. He emphasized the necessity of traditional enterprises to enhance automation, digitization and intelligent transformation, and introduced SUPCON “1+2+N” Smart Enterprise Architecture, representing 1 plant operating system, 2 automation (process automation and business automation), and N industrial Apps. The plant operating system serves as the “data base”, integrating with the intelligent Operation Management & Control system (OMC) as the “control base,” the Advanced Process Engineering eXpert (APEX) as the “model base,” and Perception of all Readable Instruments, Devices and Equipment (PRIDE) as the “perception base”, the plant wide interconnection is set. All assets and all data become one piece like the skin and the nerves system of the enterprise, enabling the production process and business operation to be measurable, controllable and predictable.

The whitepaper titled “Insights into Future Plant Trends in Process Industries” jointly authored by the China Institute of Electronic Technology Standardization, Petro-Cyber Works Information Technology and SUPCON Technology, was officially released at the conference. It is to address the core concerns of the process industries such as oil & gas, petrochemicals, chemical, power, non-ferrous metals, iron & steel, food & beverage, pharmaceuticals, etc. The whitepaper combs through the priorities and painpoints, summarizes typical approaches and practical implementation paths, provides insights into the evolving trends of future plant, and systematically outlines the implementation elements of Intelligent Plant Process Automation (PA)+Business Automation (BA).

At the following panel discussion themed “Integrating Digital Technologies in Traditional Industries, Advancing Together in the New Era”, influential figures including Mr. Zhu Sendi, Emeritus Director of Expert Committee of the China Machinery Industry Federation, Mr. Pang Guanglian, Vice Secretary General of the China Petroleum and Chemical Industry Federation, Mr. Wang Zizong, Vice Chief Engineer and General Manager of SINOPEC Information and Digital Transformation Management Department, Ms. Cai Lianchun, Global Vice President of SK geo centric, Mr. Hu Baishan, Vice Chairman and President of Zhejiang NHU, and Mr. George Cui Shan, Chairman and CEO of SUPCON Technology, shared their approaches and practices around China’s new-type industrialization thrust. They delved into the crucial topics such as the new-quality productivity, intelligent manufacturing, artificial intelligence, sustainable development, low-carbon practices, global business layouts, etc. The sparkling discussions provided in-depth analysis of the current industrial situation and prospected trends of the future development, calling for wide and deep collaboration towards high-quality sustainable development.

The afternoon featured 4 parallel sessions focusing on smart manufacturing, ecological co-construction, low-carbon buildings, and industrial control chips respectively. The distinguished guests included frontline experts, scholars and representatives from high-profile institutes, organizations and enterprises including MIIT, ITEI, Jiangsu Association of Automation, NAMUR, OPAF, CNPC, Tongkun Group, Daikin Fluorochemical, Luzhou Laojiao Group, Hobré Instruments, Petro-Cyber Works Information Technology, DMS Corporation, EPEC, Lenovo, ABB Measurement & Analytics China, Rockwell Automation China, Dahua Technology, Alibaba Group, ARC Advisory Group, TTWisdom, gongkong Data Technology, etc.

Concurrent with the conference, SUPCON and nearly 20 ecological partners showcased the products, solutions, technologies and success stories focusing on automation, digitization and intelligent plant at the exhibition.

Reflecting on the vibrant hues of the past and casting a gaze into the light of the future, SUPCON is poised to ride the dynamic tides and set sail towards the next glory hand in hand with the esteemed global partners.

Media Enquiries: 

Meifang Wang
wangmeifang@supcon.com

https://mma.prnasia.com/media2/2290662/SUPCON_Nov_24_event.mp4
PR Newswire

Algorand Foundation Announces Strategic Investment in Digital Payment Platform, HesabPay

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HesabPay showcased at the Algorand Impact Summit in New Delhi

NEW DELHI, Dec. 1, 2023 /PRNewswire/ — Algorand Foundation announces a strategic investment by Algorand Ventures in HesabPay on stage today at the Algorand Impact Summit in New Delhi, where business leaders, policymakers, NGOs, and developers convened to discuss how blockchain can be part of the solution to the world’s most intractable challenges.

Courtesy of HesabPay
Courtesy of HesabPay

HesabPay is the first and only interoperable digital payments platform in Afghanistan, utilizing the speed and reliability of the Algorand blockchain. Initially built as a solution to the humanitarian aid crisis, more than a dozen organizations, including the World Food Programme, have used the platform to send funds directly to beneficiaries in Afghanistan. HesabPay has since expanded its use cases and now allows users to buy airtime, pay electric bills, and send digital funds to other users.  HesabPay has facilitated 51,000 humanitarian cash transfers and has been used to pay over 1.3 million electricity bills.

HesabPay is a critical tool for Afghanistan, where 85% of the adult population is unbanked, according to the World Bank.  A recent study by the London School of Economics (LSE) trailed nearly 2,500 Afghan women receiving aid via HesabPay and found that “digital payments can be an effective and transparent way of helping those most in need.” The study found that over 98% of the money transferred digitally was spent as local purchases in the first eight weeks, with the women surveyed reported skipping fewer meals and eating a more nutritionally diverse diet both while receiving the payments and for several weeks afterward.

“In the case of HesabPay, it was apparent to us from the beginning that the solution they are offering was critical for some of the world’s most marginalized populations,” says Matt Keller, head of impact and inclusion at Algorand Foundation. “It is only fitting that we announced this investment at the Algorand Impact Summit, demonstrating how blockchain can serve as an efficient, reliable, and transparent solution for the global unbanked.”

Also at the Impact Summit, Algorand announced partnerships with Mann Deshi, Self-Employed Women’s Association (SEWA), and the United Nations Development Programme (UNDP).

For more information, please visit https://algorand.foundation.

About Algorand Foundation

The Algorand Foundation is dedicated to helping fulfill the global promise of the Algorand blockchain by taking responsibility for its sound monetary supply economics, decentralized governance, and healthy and prosperous open-source ecosystem. Designed by MIT professor and Turing Award winning cryptographer Silvio Micali, Algorand is uniquely capable of delivering on the promise of a borderless global economy. It achieves transaction throughputs at the speed of traditional finance, but with immediate finality, near zero transaction costs, and on a 24/7 basis. 

PR Newswire

Knocking the Door Open

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BEIJING, Dec. 1, 2023 /PRNewswire/ — A news report from China.org.cn on mysteries behind Nixon’s 1972 China Visit:

Knocking the Door Open
https://youtu.be/6OGZS2rGEO4

Tang Wensheng is the interpreter for Chairman Mao Zedong and Premier Zhou Enlai during Nixon’s visit and the previous visits of Henry Kissinger.

She can tell us stories behind Nixon’s 1972 China visit and help us understand how the past may inform our future.

By 1971, after more than two decades of  isolation and  hostility across the Pacific Ocean, the U.S. Table Tennis Team became the first American sports delegation to set foot on Chinese soil since 1949.

Normalization of relations between the two rival nations during the Cold War was gradually realized thanks to ping-pong, an unlikely diplomatic tool.

Before that, the U.S. government had managed to improve relations with China, which would be good for the U.S. to contend against the Soviet Union. For example, Nixon told a journalist of Time that if there was anything he wanted to do before he died, the thing was to visit China.

In August 1970, journalist Edgar Snow came to China. On the early morning of Dec. 18 1970, Mao Zedong invited Edgar Snow to have a conversation.

Tang Wensheng remembered, halfway between the seats and the door, Chairman Mao and Edgar Snow stopped and had a few more words. And the chairman said, no matter the changes, our relationship remains like this. And he said in English, “standing”.

“I was rather taken aback because he meant they had a standing relationship, and they were indeed standing there. But I didn’t know how he knew that the word ‘standing’ not only meant that they were standing there, but that there was a kind of relationship, standing relationship. That really took me aback. I thought that was also a sign he was learning English to converse with more people.”

As journalist Edgar Snow wrote in “A Conversation With Mao Zedong,” published in April 1971, Mao said he welcomed rightists such as Nixon to visit China because the problems between China and the U.S. would “have to be solved with Nixon”.

In July 1971, Kissinger, who served as National Security Advisor under the administration of the then U.S. president, visited China secretly, to pave the way for President Nixon’s visit to China in February 1972.

Tang Wenshegn said, “History will have its ups and downs. But eventually, it always goes forward. We just have to work for the better because that is in the interest of us all.”

The Cultural Sit-Down with Wang Xiaohui
http://cul.china.com.cn/node_1008104.htm
Mysteries behind Nixon’s 1972 China Visit
https://www.facebook.com/chinaorgcn/videos/1961657100867130/
https://twitter.com/chinaorgcn/status/1723927396318068917 

PR Newswire

NIPPON EXPRESS HOLDINGS Participates in 6th China International Import Expo (CIIE)

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TOKYO, Dec. 1, 2023 /PRNewswire/ — NIPPON EXPRESS HOLDINGS, INC. participated in the six-day 6th China International Import Expo (CIIE) held at the National Exhibition and Convention Center in Shanghai, China, from Sunday, November 5, to Friday, November 10.

Logo: https://kyodonewsprwire.jp/img/202311283451-O1-vPRGN5q1

Photo1:
https://cdn.kyodonewsprwire.jp/prwfile/release/M103866/202311283451/_prw_PI2fl_uh5w84yC.jpg

Photo2:
https://cdn.kyodonewsprwire.jp/prwfile/release/M103866/202311283451/_prw_PI3fl_U2Jh7nuL.jpg

The China International Import Expo is China’s largest import fair and the inaugural expo was held in 2018. The sixth expo was the largest ever, hosting over 3,400 exhibiting companies from 128 countries and regions.

Sustainability management was one of the themes of the Company’s booth, which introduced initiatives and services related to social contribution and environmental management (CO2 emission reduction). The NX Group’s past achievements, including the transport of Chinese antiques and paintings as well as heavy haulage, were also on display, and examples of how they embody the Group’s corporate message “We Find the Way” were presented to demonstrate the quality of its services.

The NX Group will continue meeting the logistics challenges of its customers and supporting their business expansion with its global network and accumulated expertise in advanced logistics.

Nippon Express website: https://www.nipponexpress.com/

Nippon Express Group’s official LinkedIn account:
https://www.linkedin.com/company/nippon-express-group/

Source: NIPPON EXPRESS HOLDINGS, INC.

PR Newswire

DouYu International Holdings Limited to Report Third Quarter 2023 Financial Results on December 7, 2023

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WUHAN, China, Dec. 1, 2023 /PRNewswire/ — DouYu International Holdings Limited (“DouYu” or the “Company”) (Nasdaq: DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced that it plans to release its unaudited financial results for the third quarter 2023 before the U.S. market opens on Thursday, December 7, 2023. The earnings release will be available on the Company’s investor relations website at http://ir.douyu.com/.

DouYu’s management will hold a conference call on Thursday, December 7, 2023, at 7:00 a.m. Eastern Time or 8:00 p.m. Beijing Time to discuss the financial results. Listeners may access the call by dialing the following numbers:

International:

+1-412-317-6061

United States Toll Free:

+1-888-317-6003

Mainland China Toll Free:

4001-206115

Hong Kong Toll Free:

800-963976

Singapore Toll Free:

800-120-5863

Conference ID:

0554126

The replay will be accessible through December 14, 2023, by dialing the following numbers:

International:

+1-412-317-0088

United States Toll Free:   

+1-877-344-7529

Access Code:

2412484

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://ir.douyu.com/.

About DouYu International Holdings Limited

Headquartered in Wuhan, China, DouYu International Holdings Limited (Nasdaq: DOYU) is a leading game-centric live streaming platform in China and a pioneer in the eSports value chain. DouYu operates its platform on both PC and mobile apps to bring users access to immersive and interactive games and entertainment livestreaming, a wide array of video and graphic contents, as well as opportunities to participate in community events and discussions. By nurturing a sustainable technology-based talent development system and relentlessly producing high-quality content, DouYu consistently delivers premium content through integration of livestreaming, video, graphics, and virtual communities with a primary focus on games, especially on eSports. This enables DouYu to continuously expand its user base and enhance its user experience. For more information, please see http://ir.douyu.com/.

Investor Relations Contact

In China:

Lingling Kong
DouYu International Holdings Limited
Email: ir@douyu.tv
Tel: +86 (10) 6508-0677

Andrea Guo
Piacente Financial Communications
Email: douyu@tpg-ir.com
Tel: +86 (10) 6508-0677

In the United States:

Brandi Piacente
Piacente Financial Communications
Email: douyu@tpg-ir.com
Tel: +1-212-481-2050

Media Relations Contact

Lingling Kong
DouYu International Holdings Limited
Email: pr_douyu@douyu.tv
Tel: +86 (10) 6508-0677

PR Newswire

JinkoSolar to participate at COP28 United Nations climate conference

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SHANGRAO, China, Nov. 30, 2023 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its participation at the COP28 United Nations climate change conference taking place in Dubai from November 30th to December 12th, underlining its leadership role in the solar energy sector and its commitment to addressing the challenges posed by global warming on a global scale.

This year’s COP28 motto “Partnership Promotes Progress”, could not be more accurate. “Collaborative action is urgently needed to deliver an equitable energy transition. COP28 provides an excellent forum for real progress to be made towards climate action,” stated Dany Qian, Vice President of Jinkosolar. She added, “Increasing global temperatures and environmental disasters show that we are already behind schedule. Any extra barriers to halt the progress doesn’t make sense. Every decision we make and action we take must be for the benefit of everyone on earth. “

As a full participant in the efforts to combat global warming, the Company will have a presence at the main conference and deliver a keynote speech titled ‘Solar is all, solar is for all’ in a series of key side events, engaging with all stakeholders to provide concrete actions for a just, equitable and affordable energy transition for all.

Jinkosolar is committed to accelerating transitioning to a world powered by more sustainable energy. Through its innovative technologies, extensive experience and a proven deliverable strategy, the Company is helping to make solar the answer to climate change.

As the world’s first solar company joining RE100 and EP100, Jinkosolar has committed to power 100% of its own business activities along its entire value chain with renewable energy by 2028.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had 14 productions facilities globally, 24 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and global sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of September 30, 2023.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com  

Source: JinkoSolar Holding Co., Ltd.

PR Newswire

Tech Mahindra Awarded Frost & Sullivan’s 2023 Global Enabling Technology Leadership Award for Its Innovative Cognitive AI Field Service Management Solution

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Tech Mahindra has further cemented its leading position in the market with its cutting-edge solution field services solution Yantr.ai

SAN ANTONIO, Nov. 30, 2023 /PRNewswire/ — Frost & Sullivan recently researched the cognitive field services management industry and, based on its findings, recognizes Tech Mahindra with the 2023 Global Enabling Technology Leadership Award. Tech Mahindra is a leading provider of digital transformation, consulting and business re-engineering services and solutions.

2023 Global Cognitive Field Service Management Enabling Technology Leadership Award
2023 Global Cognitive Field Service Management Enabling Technology Leadership Award

Organizations grappling with field services operations face challenges such as high operating costs, manual and disparate workflows, fragmented and manual planning, rudimentary dispatch systems, multiple enterprise management systems, and decentralized data. While Tech Mahindra delivers a full spectrum of field service management solutions, it was awarded for Yantr.ai —a groundbreaking cognitive artificial intelligence (AI) solution. Yantr.ai significantly optimizes field services through deep analytical insights, decision-making support, and future-proof strategic planning. This innovative solution helps global businesses identify lags and create a flawless field ecosystem by providing actionable insights and recommendations, leveraging superior digital technology capabilities, including machine learning (ML) and AI.

Tech Mahindra offers Yantr.ai at a flexible price with modular functionality deployment options. It includes multiple license options to select suitable features and capabilities for business needs. For this reason, investing in Yantr.ai dramatically reduces the costs associated with hardware maintenance, upgrades, and administrative tasks needed to manage the physical infrastructure.

“Launched in September 2022, Yantr.ai is a cognitive AI solution that optimizes field services through deep analytical insights, decision-making support, and future-proof strategic planning. The platform combines technology, data, and people to automate, optimize, and improve experiences for field service operations. It helps customers identify lags and create a flawless field ecosystem through actionable insights and recommendations,” said Sherrel Sonia Roche, industry principal for ICT Research at Frost & Sullivan.

The organization’s commitment extends beyond the launch, constantly integrating customer feedback for continuous improvements and to ensure that its systems and processes perfectly align with the market’s evolving needs. Furthermore, Tech Mahindra’s relationship with customers continues after implementation as it assists them through consulting and technical assistance, delivering maximum value from its Yantr.ai deployment. This customer-centric approach focuses on understanding customers’ unique operational challenges and desired outcomes, translating to better field service operations and continuous technology innovation.

“Tech Mahindra aims to create differentiated client value through a consultative approach and industry-specific solutions. Yantr.ai has propelled field service operations to the next level by addressing customers’ most pressing challenges. Through a deep understanding of its customers’ operating environment and domain expertise, Tech Mahindra has identified specific pain points in visibility, productivity, and cost optimization,” noted Roche.

Each year, Frost & Sullivan presents this award to a company that develops pioneering technology that enhances current products and enables new product and application development. The award recognizes the high market acceptance potential of the recipient’s technology.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Tarini Singh
P: +91- 9953764546
E: Tarini.Singh@frost.com 

About Tech Mahindra

Tech Mahindra offers innovative and customer-centric digital experiences, enabling enterprises, associates, and society to Rise for a more equal world, future readiness, and value creation. It is a USD 6.5+ billion organisation with 148k+ professionals across 90 countries helping 1250+ global customers, including Fortune 500 companies. It is focused on leveraging next-generation technologies including 5G, Metaverse, Blockchain, Quantum Computing, Cybersecurity, Artificial Intelligence, and more, to enable end-to-end digital transformation for global customers. It is the only Indian company in the world to receive the HRH The Prince of Wales’ Terra Carta Seal for its commitment to creating a sustainable future. It is the fastest growing brand globally in ‘brand value rank’ and among the top 7 IT brands globally in brand strength with AA+ rating. With its NXT.NOWTM framework, Tech Mahindra aims to enhance ‘Human Centric Experience’ for its ecosystem and drive collaborative disruption with synergies arising from a robust portfolio of companies. It aims at delivering tomorrow’s experiences today and believes that the ‘Future is Now’.

Tech Mahindra is part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federations of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology, and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Connect with us on www.techmahindra.com || Our Social Media Channels
http://www.facebook.com/TechMahindra
http://twitter.com/Tech_Mahindra
http://www.linkedin.com/company/tech-mahindra
http://www.youtube.com/user/techmahindra09

For more information on Tech Mahindra, please contact:

Abhilasha Gupta, Global Corporate Communications and Public Affairs
Email: Abhilasha.Gupta@TechMahindra.com; media.relations@techmahindra.com

PR Newswire

Enabling Pathways to a Sustainable Future: KAPSARC’s Active Role at COP28

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RIYADH, Saudi Arabia, Nov. 30, 2023 /PRNewswire/ — As the world eagerly anticipates the 2023 United Nations Climate Change Conference of the Parties (COP28) in Dubai from November 30 to December 12, the King Abdullah Petroleum Studies & Research Center (KAPSARC) positions itself at the forefront, ready to contribute with invaluable energy expertise and insights to help shape the global discourse on climate strategies and policies.

Enabling Pathways to a Sustainable Future: KAPSARC's Active Role at COP28
Enabling Pathways to a Sustainable Future: KAPSARC’s Active Role at COP28

COP28 signifies a pivotal moment in our collective journey, working to deliver solutions that reduce greenhouse gas (GHG) emissions and limit global warming to 1.5 degrees Celsius in accordance with the Paris Agreement goals. With a central focus on global stocktake, mitigation, adaptation and finance the conference aims to provide actionable energy pathways, setting the stage for a resilient and inclusive climate future.

In anticipation of this critical event, KAPSARC’s President Fahad Alajlan expresses the center’s dedication, stating, “As a UNFCCC accredited observer, KAPSARC eagerly joins this year’s COP28, hosting an official side event and additional activities, engaging in panel discussions, and pledging to contribute expertise and insights to global initiatives combating climate challenges.”

KAPSARC’s engagement in COP28 spans across diverse and critical topics, reflecting the center’s commitment to science-backed and data-driven discussions. With over 20 events and contributions from more than 15 experts spanning four critical themes, KAPSARC is poised to actively participate in this important climate dialogue.

Highlighted KAPSARC events at COP28:

Connecting the Dots for the Hydrogen Economy – December 3: Shahid Hasan, Fellow- KAPSARC. Ghassan Wakim, Zero-carbon Fuels Production and Export Director, Clean Air Task Force, Rami Shabaneh, Fellow- KAPSARC.

Decarbonizing Aviation and Maritime Sectors – December 4: Andres Felipe-Guzman, Fellow- KAPSARC, Nora Nezamuddin, Fellow- KAPSARC.

Role of LPG in Enabling the Just & Inclusive Energy Transition – December 5: Fateh Belaid, Fellow- KAPSARC.

Hard-to-abate Sectors in the Energy Transition: Bridging Gaps in Implementation & Enablers – December 6: Fahad Alajlan, President – KAPSARC Fatih Yilmaz, Fellow I- KAPSARC – Mohamad Hejazi, Director Climate & Sustainability – KAPSARC.

Launch of the 2023 Circular Carbon Economy Index – December 9: Fatih Yilmaz, Fellow, KAPSARC.

Satellite Technology for Measuring & Tracking GHG Emissions – December 10: Walid Matar– KAPSARC. Anwar Gasim, KAPSARC, Abdelrahman Muhsen, KAPSARC.

For media inquiries please contact Rami Husseini, rami.husseini@havasme.com, media@kapsarc.org, +966506635580

*About KAPSARC:

KAPSARC is a leading Middle East think tank dedicated to advancing knowledge on energy, environment, and regional economic issues. Accredited observer of UNFCCC, KAPSARC actively contributes to global climate action. The mission of KAPSARC is to advance Saudi Arabia’s energy sector and inform global policies through evidence-based advice and applied research. 

PR Newswire

Zhang Yu with Tencent Health: AI-Driven Customer Interaction Solution NGES Effectively Supports Pharmaceutical Enterprises’ Smart Operations

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SHANGHAI, Nov. 29, 2023 /PRNewswire/ — In recent years, the Chinese pharmaceutical industry has been undergoing significant changes in its operational methods, driven by improvements in national regulations and changes in user behaviors and attitudes. Traditional operational approaches and marketing techniques of pharmaceutical enterprises are experiencing diminishing marginal effects, prompting an increasing number of pharmaceutical companies to prioritize and upgrade their digital marketing strategies to adapt quickly to these changes.

Zhang Yu, Tencent Health
Zhang Yu, Tencent Health

As the interaction between pharmaceutical companies and domestic digital platform enterprises becomes more closely intertwined, digital platform companies, known for their rapid iteration and flexible adaptation to customer needs, are providing intelligent and customizable professional tools for pharmaceutical enterprises. In 2023, Tencent released NGES, a new-gen customer interaction solution catering to Health Care Professionals (HCP), marking another milestone in the digital practice of the pharmaceutical industry.

Several renowned pharmaceutical companies, including AstraZeneca and Eisai Co, have adopted NGES for digital innovation, reporting progress in compliant operations, precision marketing, and collaborative work. NGES makes communication between pharmaceutical sales representatives and healthcare professionals as smooth as daily conversations on WeChat, with the system automatically handling the materials and summaries required before and after communication. This allows both parties to focus their energy and time on academic efforts.  

What drives Tencent and numerous pharmaceutical companies into this digital innovation? Zhang Yu, Vice President of Tencent Health and the initiator of the NGES project, has witnessed all these changes. At the T-Inspire industry summit on November 17th, he publicly discussed the current needs and pain points in the pharmaceutical industry, as well as how he and his R&D team adopted innovative concepts and model innovation to promote the precise digital upgrade of medical care.

Pharmaceutical Industry amid Tremendous Changes

Previously, pharmaceutical companies focused on core markets in large cities and internal hospital markets, employing a large number of sales representatives for face-to-face communication with customers. They relied on graded questionnaires to gain insight into customer demographics. However, the profit margins of pharmaceutical enterprises narrowed by medical insurance Value-Based Purchasing (VBP) have necessitated cost reduction and efficiency improvement. Additionally, the crackdown on medical corruption has compelled enterprises to rely more on compliant academic promotion for marketing. The rapidly changing market environment has led to a continuous reduction in the number of offline sales representatives, requiring fewer personnel to engage with a larger number of doctors.

Market changes have also brought about a revolution in marketing strategies. Pharmaceutical companies are expanding their target markets from tier-one and tier-two cities to broader regions. Interaction with doctors is no longer confined to hospital departments, with online content marketing and academic conferences becoming increasingly important. In the post-pandemic era, there is a willingness to embrace new online methods such as virtual academic conferences, with AstraZeneca revealing that around 35,000 meetings per month in the Chinese market are held on Tencent Meeting.

The evolution of online communications has enabled pharmaceutical companies to comprehensively understand user behavior data, which is more objective than those from traditional questionnaires and offers a more diverse customer profile. Based on these data, pharmaceutical companies can implement data mining and label analysis. Utilizing the insights from user behavior data, pharmaceutical companies can recommend personalized content, resulting in a more precise marketing strategy.

Behind these needs of pharmaceutical companies, there is a requirement for comprehensive technological support, such as social contact, big data, artificial intelligence, cloud services, and security. Zhang Yu and his team at Tencent Health have astutely perceived that Tencent has the opportunity to excel in this untapped market space.

Tencent’s Vision: Facilitating Professional Interactions in the Healthcare Ecosystem

Tencent, with its rich experience in communication, social media, and online marketing, and boasting a national-level application—WeChat—with over 1.3 billion monthly active accounts, has been actively involved in the digital upgrade across various industries. When talking with pharmaceutical companies, Zhang Yu made it clear that at this pivotal moment in enterprise marketing, Tencent aims to leverage its products and technology to facilitate professional interactions between pharmaceutical enterprises and doctors.

Zhang Yu painted a scenario for executives of pharmaceutical enterprises, emphasizing that many successful stories of pharmaceutical companies demonstrate that WeChat is the most frequently used online tool by doctors. Through various channels on WeChat, pharmaceutical companies can reach customers comprehensively, forming a rich ecosystem for the pharmaceutical industry. He cited an example, “Doctors use WeChat Official Accounts to obtain medical information and knowledge. WeCom also provides a solid foundation for efficient internal collaboration within pharmaceutical companies. Pharmaceutical sales representatives and medical science liaisons can share information, leading to more targeted explanations and more efficient summaries after visits.”

“WeChat’s Official Accounts, applets, and Tencent Meeting provide a more convenient way for pharmaceutical sales representatives and doctors to interact online, with data fusion completed in the backend. We have always considered placing HCP at the center, helping pharmaceutical companies find the right audience, push the right content at the right time and in the right way. Ultimately, we have facilitated the integration and innovation of Tencent’s existing resources to create a brand-new NGES for pharmaceutical companies and doctors.” added Zhang Yu.

A multinational pharmaceutical company executive told Zhang Yu, “We really need this platform. After the pandemic, there is an urgent need for iteration in our external meeting systems. We have multiple candidate solutions, but we have found that the primary social tool for pharmaceutical sales representatives and doctors is WeChat. When it comes to non-professional meetings, the most widely used tool is WeChat Meeting. Can WeChat be developed into a professional communication platform that complies with the pharmaceutical industry’s regulatory requirements?”

With nearly 20 years of experience in the field, Zhang Yu, faced with the urgent need of pharmaceutical companies for a solution, showed a mix of optimism and a measured approach, “An ancient Chinese poem goes, ‘Moistening things quietly without making a sound,’ depicting the gradual and comfortable process of adaptation. We hope to adapt to the traditional habits and new demands of the pharmaceutical industry through a gentle and soft progressive approach.”

Innovative Customer Interaction in the Healthcare Sector

Over the past two years, Tencent Health has continuously upgraded NGES based on user feedback in the healthcare industry, creating an all-encompassing platform for customer interaction within the healthcare sector. The platform consists of three layers, with the top layer featuring a new generation of interactive scenes deeply integrated into the Tencent ecosystem. Leveraging widely-used Tencent products in doctors’ daily lives, such as HCP WeChat, Official Accounts, applets, Tencent Meetings, among others, this layer serves as a bridge connecting pharmaceutical enterprises and healthcare professionals. Through bidirectional interactions with doctors via WeCom, pharmaceutical companies can efficiently advance their digital operations, including customer classification, meeting execution applications, new customer requests, speaker management, offline and online visits, medical inquiries, and collection of doctor perspectives, making academic promotion in healthcare more efficient.

The digitized mid-layer of the platform assists pharmaceutical companies in uniformly recording doctors’ identities and behaviors across different channels, generating high-quality comprehensive data. The data are then mined to create a tag system, offering insights into business operations. The accumulated data in the mid-layer are further analyzed and learned by the underlying medical big model through AI, enabling functions such as automated content generation and intelligent customer service.

Eisai Co., Ltd.is one of the first users  of NGES, and a partner providing extensive feedback and industry insights. Faced with continuous improvement suggestions, Zhang Yu and his team have tried to release multiple versions in a day to meet customer demands.. “The medical industry has a very strong demand for timeliness, especially in the face of digital transformation today. We hope that the platform architecture can, from bottom to top, output complete solutions, reduce delivery thresholds, and shorten project timelines. Of course, we are open and cooperative towards industry partners and welcome reliable collaborators to join this ecosystem, serving customers together and achieving accelerated innovation.”

Three Distinct Features of Tencent NGES

Compared to similar digital tools, Tencent NGES boasts three major features.

Integrated All-Channel Marketing: Firstly, it integrates key modules such as CRM, Events, and MCM, completing all-channel marketing scenarios around doctors seamlessly. This integration breaks down data silos within enterprises, forming a unified and complete profile of doctors and representatives, thereby optimizing business operations. Notably, NGES helps address data fragmentation issues caused by using different systems during work, as reported by Eisai Co. Thanks to NGES, the operational maintenance, which previously involved four systems working in parallel, has now been streamlined to just one, leading to cost reduction and significant efficiency improvement.

Strong Social Attributes Based on Tencent Ecosystem: Secondly, NGES leverages the powerful social attributes of the Tencent ecosystem, enabling doctors to interact conveniently with sales representatives through popular applications like WeChat, Tencent Meeting, and applets. This natural fusion of daily communication and academic promotion enhances doctors’ enthusiasm for engagement, providing more diverse communication channels compared to traditional visits.

AI Empowerment from Tencent’s Large Model: Thirdly, NGES benefits from Tencent’s AI capabilities, making Tencent the only service provider in the pharmaceutical industry with self-developed large model capabilities. With the support of large models, more innovative methods can be proposed by enterprise managers, bringing about a revolution in the field of pharmaceutical marketing.

Tencent AI Empowering Innovative Healthcare Scenes

Not long ago, Tencent, in collaboration with the China Academy of Information and Communications Technology, released China’s first vector database standard. The vector database is a foundational component for training AI large models, signifying Tencent’s leading position in the industry. Zhang Yu mentioned that his team has explored the potential of products built with AI large models and listed several typical innovative scenes achieved by NGES through AI large models:

Personalized Material Generation: Through AI-driven interactive tools, NGES utilizes Tencent’s accumulated professional content in the medical industry, combined with compliant content from the enterprise’s material library, to achieve personalized material generation. In various scenarios, it completes professional Q&A, assists representatives in preparing topics and content before visits, and provides action recommendations. Eisai Co. revealed that the company is exploring the application of NGES’s AI technology to enable sales representatives to input different academic topics, allowing the backend to retrieve corresponding content from a vast amount of data, automatically filter and sort it before delivering refined academic presentation.

ASR Speech Recognition in Medical Conferences: In medical conferences, NGES utilizes Automatic Speech Recognition (ASR) technology to accurately convert speech into dialogic transcripts. After the conference, AI can quickly extract key information from the content, generate meeting summaries, offer questions and answers aimed at the meeting content, and even actively highlight compliance risks in the meeting content. Eisai Co. said that the audiences were afflicted with the regional accent of speakers during meetings, but now AI digital finds a way out.

Voice Recognition for Content Reporting: During meetings, NGES employs voice recognition technology to help sales representatives automatically fill in content, improving the efficiency of report submission and gather more valid data. Simultaneously, NGES collects authentic feedbacks from customers, quantifying sales representatives’ competences from multiple dimensions, such as academic capabilities, communication skills, and compliance performance. After a visit, NGES can quickly provide scores for sales representatives’ academic abilities, communication skills, and compliance performance, offering improvement suggestions to continually enhance sales capabilities.

Zhang Yu stated that Tencent Health has mapped out a well-defined plan for the future development of the NGES customer interaction management platform in three years to come. The goal for 2023 is to leverage Tencent’s experience and advantages in product design and user experience to create a product that pharmaceutical companies and doctors will love to use. By 2025, based on the accumulated real data, NGES will extend its empowerment from sales representatives to enterprise executives. Through big data analysis and mining, it will provide insights into business operations, optimize resource allocation and layout, and identify compliance and business risks to support high-quality decision-making.