SEOUL, South Korea, July 10, 2020 — Pearl Abyss announced today that the participant registration period for the Shadow Arena Regional Cup – Asia (Solo) tournament will take place until July 12. Players in the Asia server can take this opportunity to participate in the action-packed competition and win a large amount of prizes.
Pearl Abyss Recruits Participants For Shadow Arena Regional Cup — Asia until July 12
Players who wish to participate in the “Shadow Arena Regional Cup – Asia (Solo)” must be at least Silver V in the Asia server. Eligible players can apply by submitting a sign-up form via the official websiteuntil July 12. The participants and the schedule will be announced on July 16.
The group preliminaries will be held on July 22 and 29, followed by the playoffs on August 1. Both stages will have four rounds, and the results will be determined based on the total combined points earned in each round. Both the group preliminaries and playoffs will be live-streamed via Shadow Arena‘s official YouTube and Twitch channels.
The winner of this competition will be awarded 5 million KRW along with an exclusive in-game title. The second to tenth-place winners as well as the Most Valuable Player will also receive prizes and rewards.
Meanwhile, the King of the Hill mode has been introduced in Shadow Arena. Players can now experience a new mode where 5 players can join to be matched in 1-vs-1 duels, and the first player to get 5 kills will be crowned the winner. The rankings and rewards will be calculated based on the number of kills. Moreover, the in-game community feature Clan has been added to allow players to create Clans and play Shadow Arena together.
Best known for the MMORPG franchise Black Desert, Pearl Abyss is a leading developer in the game industry. Established in 2010, Pearl Abyss has since developed Black Desert for PC, mobile, and console, and is developing Shadow Arena for PC and console. All of Pearl Abyss’ games are built on the company’s own proprietary engine and are renowned for their cutting-edge graphics. The company is also developing Crimson Desert, DokeV, and PLAN 8 and is poised to continue its growth through 2020 and maintain its position as one of Asia’s leaders in game development. More information about Pearl Abyss is available at: www.pearlabyss.com
Proving that networking, collaboration and community can be formed virtually
SANTA CLARA, California, July 10, 2020 — Due to the global health crisis and in the best interests of our participants, clients and employees, Frost & Sullivan has decided to transition the live Customer Contact East: A Frost & Sullivan Executive MindXchange to an all-encompassing virtual experience. This virtual event will take place September 22-24 and includes four hours of virtual content and interactive experiences each day.
Customer Contact VIRTUAL: A Frost & Sullivan Executive MindXchange
The agenda for Customer Contact VIRTUAL: A Frost & Sullivan Executive MindXchange is currently being confirmed; for full details, please visit: frost.com/cc-virtual
Customer Contact VIRTUAL will incorporate the same interactive and experience-driven themes as the original in-person event. Topics on the agenda will range from customer contact best practices to specific game plans of how to navigate the customer experience during a crisis. Participants should expect to share insights, build relationships and gain unique cross-industry perspectives from a savvy group of industry vice presidents, directors, managers and other senior-level executives. The virtual event will include several interactive formats, including roundtables, think tanks, demos, a virtual exhibit hall, as well as special VIP activities.
Since the outbreak of the COVID-19 pandemic, Frost & Sullivan has hosted a monthly Customer Contact & Customer Experience Webinar Week Series to provide different industry audiences virtual options during a time when in-person events have been canceled or postponed. The April and May webinar weeks have attracted over 600 unique registrants and delivered best-in-class insights to customer contact and CX professionals.
About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion
Contact: Adam Kahn Global Senior Director, Digital Strategy & Marketing Operations adam.kahn@frost.com Phone: 508.538.1010
Volterra platform addresses critical operational challenges across clouds and the edge while delivering a consistent cloud-native environment
SANTA CLARA, California, July 10, 2020 — Based on its recent analysis of the distributed cloud market in North America, Frost & Sullivan recognizes Volterra with the 2020 North American Technology Innovation Leadership Award for its software-as-a-service (SaaS)-based distributed cloud services platform. Volterra’s innovative design and broad set of cloud services enable enterprises to rapidly deploy and securely deliver applications across multi-cloud and diverse edge environments.
2020 North American Distributed Cloud Technology Innovation Leadership Award
“Volterra’s distributed cloud services platform integrates a wide range of network, security and application services traditionally operated as point products. The result is much faster service deployments, simplified operations, end-to-end visibility, and significantly lower operations cost,” said Dhiraj Badgujar, industry analyst at Frost & Sullivan. “The platform also ensures multi-layer security for cloud workloads and high-performance global connectivity across multiple clouds and the edge. Thus, it serves as a foundation for the secure delivery of distributed applications across distributed environments.”
Volterra’s distributed cloud platform addresses the needs of customers across retail, automotive, manufacturing, e-commerce, and telecom by delivering and enabling workloads wherever they are needed. It achieves this via its core service offerings, VoltMesh™ and VoltStack™. VoltMesh provides high-performance cloud networking and zero-trust security for workloads distributed within or across clouds, as well as the edge. VoltStack provides application deployment and management, clustering, distributed storage, Kubernetes management and application security. VoltConsole™ provides centralized management for VoltMesh and VoltStack through with custom dashboards, logs and metrics, and full multi-tenancy.
Unlike its competitors, both public companies and startups, Volterra’s major differentiating factor is its scalable, end-to-end distributed architecture, as well as a broad set of networking, security, and app management capabilities, that together accelerate app deployments and simplify operations. Its platform further enhances security and reliability for modern apps distributed across multiple clouds through its API gateway and API discovery and control capabilities.
“Volterra’s SaaS-based offering enables customers to offload application hosting onto the network, enhancing the end-user experience by moving workloads closer,” noted Badgujar. “The company boasts a dedicated team of over 100 experts specializing in carrier- and enterprise-grade networking and computing infrastructure. With its strong human capital and collective expertise, Volterra is well-positioned to help enterprises manage the transition to multi-cloud and edge cloud environments.”
Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid acceptance in the market. The award recognizes the quality of the solution and the customer value enhancements it enables.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
About Frost & Sullivan
For over five decades, Frost & Sullivan has become 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.
Volterra provides a distributed cloud platform to deploy, connect, secure and operate applications and data across multi-cloud and edge sites. Line-of-business leaders can drive business transformation and automation by distributing workloads closer to business activity. DevOps teams can manage fleets of applications and infrastructure with less complexity. Network teams can simplify application connectivity and security across clouds. Visit www.volterra.io or follow us on Twitter @Volterra_ to learn more.
Career Star Group announce ownership of innovative global outplacement platform via the asset deal of CareerArc by Gi Group.
LONDON, July 10, 2020 — Gi Group, one of the world’s leading companies providing services for global staffing needs, announced this week their acquisition of the CareerArc career transition arm. Gi Group is a historical member for Career Star Group, present in Italy and the UK with the dedicated outplacement brand Intoo, and Romania, Serbia, Croatia, Montenegro and Bulgaria with Gi Group directly. The strategic partnership has been in place since the establishment of Career Star Group in 2012. The acquisition marks the success of long-term strategy securing ownership of the worlds’ most innovative and dynamic career transition platform within Career Star Group.
Career Star Group is the world’s largest outplacement and redeployment organisation, present in 102 countries. The digital global career transition platform provides instant access to localised resources, interactive support and training as well as an on-demand coaching feature with career transition specialists. The platform is currently available in English, Spanish, German and Italian with French available from August 2020.
”We are extremely excited to take the centre stage with our new global platform. We are taking outplacement to the next level with innovative solutions fit for the new normal and beyond. Having ownership of the platform allows us to innovate further and to continue developing our services for our customers and clients in the ever-changing world,” said Cetti Galante, Chair of Career Star Group board and Managing Director of Intoo Italy.
”Our strategic partnership with Career Star Group has furthered our mission to democratise outplacement globally via technology by increasing access to our state of the art digital platform across multiple countries. Being part of Gi Group and Career Star Group together is the next stage in our expansion strategy and we couldn’t be happier to be part of the family," saidYair Riemer, President Career Transition Services at CareerArc.
Career Star Group is a global organisation uniting the world’s leading career transition and outplacement providers. Present in 102 countries, Career Star Group provides multinational companies with access to the best career transition providers regardless of where workforce changes occur.
Baidu’s chief says AI is progressing through three stages of historical development and will eventually transform entire industries
SHANGHAI, July 9, 2020 — Robin Li, the co-founder, chairman, and chief executive officer of Baidu, Inc. (NASDAQ: BIDU), today set out his elaborate vision for the future of AI during a keynote speech at the World Artificial Intelligence Conference (WAIC). Li said that new infrastructure will accelerate the intelligent transformation of various industries, with Baidu playing a key role in this process through its open-source AI platforms that can empower other organizations to adopt AI applications. Li also believes that the development of AI is only in the middle stage of a three-stage historical trajectory, but that AI has already demonstrated its potential to transform economies and societies.
Robin Li set out his elaborate vision for the future of AI during a keynote speech at the WAIC
In line with this year’s WAIC theme “Intelligent Connectivity, Indivisible Community”, Li spoke about the impactful role AI is playing, and will play, in tackling the world’s biggest problems, including the COVID-19 pandemic, economic stagnation, and widespread unemployment. Li stated that the ongoing development of new infrastructure will facilitate the widespread application of AI, which will boost efficiency in transportation, energy, health care, and other fields, driving economic growth. Likening it to the U.S. information superhighway concept of the 1990s that ushered in the internet age, Li said that China’s “New Infrastructure” plan should be seen as “the largest-scale infrastructure expansion engineering project” for supporting intelligent transformation and “has great potential to bring about comprehensive AI in China.”
Li explained that Baidu aims to make a significant contribution to the building of new infrastructure. Baidu has invested heavily in developing AI platforms—such as the deep learning open platform PaddlePaddle, Baidu Cloud, AI open platform Baidu Brain, and the Apollo autonomous driving platform—all of which will enable other organizations to adopt AI applications. Baidu recently announced plans to deploy 5 million intelligent cloud servers by 2030 and train 5 million AI experts in the next 5 years.
“As an AI platform company that is focused on empowering other organizations, Baidu hopes that every enterprise, no matter how small, is able to use capabilities and services provided by our platforms, just like they were water and electricity, to quickly and easily realize intelligent transformation,” Li said.
“I believe even more strongly that as AI technology platforms are open sourced, more and more applications can be conveniently developed, benefiting more and more aspects of our society and economy,” he added.
Li also pushed back on the rising pessimism about the power of technology, and of AI in particular, comparing the current malaise to that which prevailed in the early 2000s about the internet, before it became universal. “During that period, I never lost faith in the power of the internet—and I feel the same way about AI today,” Li said. “I still consider AI as comparable to the big wave of the industrial revolution—AI will definitely change every industry we have today.”
Li highlighted the impressive record of existing AI applications in fighting COVID-19, such as Baidu’s AI-powered LinearFold algorithm, which has reduced the prediction time of the coronavirus’s RNA secondary structure from 55 minutes to 27 seconds, significantly increasing the efficiency of vaccine R&D. He also pointed to Baidu’s AI temperature screening system and autonomous vehicles, which have contributed to COVID-19 control work.
In Li’s view, these applications of AI are just the beginning of a wider transformation of all industries and societies. “AI development is progressing through three main historical stages,” Li explained in his remarks; at present, we are only in stage two. In the first stage, Li said, “AI scholars focused mostly on introducing concepts, technological exploration, and limited applications like playing Go. In this stage, AI had not become an industrial or economic phenomenon.”
The second stage is the intelligent transformation of the economy. Along with the rise of the internet and growth of data, AI is starting to play a broader role in several industries. Li believes this specific stage consists of two halves: the first half, which has passed, saw the development of general AI capabilities and platforms; the second half, now underway, is seeing the application and commercialization of AI in more and more sectors, such as search, newsfeed recommendation, autonomous driving, and healthcare. The third and final stage is the intelligent transformation of society, when AI will permeate from economic aspects to wider social aspects.
In line with its vision to empower other organizations to adopt AI, at the WAIC Baidu reached a strategic partnership with Shanghai Pudong Development Bank (SPDB) to accelerate the application of AI in the finance industry. The new agreement will build on their previous achievements in establishing the first laboratory for deep learning in the finance industry, initiating a fintech innovation competition for college students, leveraging Baidu’s blockchain to build a new information sharing mechanism, and using AI to develop a virtual customer service platform. Baidu will continue to support SPDB in its digitalization and application of AI, with the goal of achieving the intelligent transformation of finance.
Baidu’s natural language processing (NLP) framework ERNIE (Enhanced Representation through kNowledge IntEgration) also earned the WAIC’s highest honorary prize, the SAIL (Super AI Leader) award. Receiving over 800 submissions from leading companies, SAIL aims to inspire technology breakthroughs, application innovations, and AI projects that change people’s lives. ERNIE has made significant advancements in NLP, which is important for training AI machines to understand human languages.
About Baidu
Baidu, Inc. is a leading search engine, knowledge and information centered Internet platform and AI company. The Company’s mission is to make the complicated world simpler through technology. Baidu’s ADSs trade on the NASDAQ Global Select Market under the symbol “BIDU”. Currently, ten ADSs represent one Class A ordinary share.
HONG KONG, July 9, 2020 — iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, today announced that it was listed as one of the "Top 10 Digital Marketing Solution Providers in APAC 2020" by CIO Advisor APAC for the second consecutive year recognizing excellence in delivering Digital Marketing solutions for the Asia-Pacific region. Earlier this year, the Company was also listed as one of the "Top 10 Ad Management Companies 2020" by CIO Advisor APAC.
Powered by cutting-edge technologies and over 930 million Chinese consumer datasets covering 98% of Internet users in China, iClick’s proprietary platform has earned a strong reputation for helping enterprises achieve robust sales growth. Among the cases cited by CIO Advisor APAC as especially outstanding was iClick’s recent cooperation with QiaQia Food, China’s largest producer of roasted seeds and nuts, to optimize its outbound and inbound marketing efforts via the WeChat mini-program platform. Leveraging iClick’s integrated Enterprise and Marketing Cloud Platform that provides full-stack marketing and consumer lifecycle solutions, QiaQia Food realized 180% growth in monthly GMV and average growth of 30% in the number of monthly paying users of its official WeChat mini-program for the twelve months ending May 2020.
"We are delighted to receive this accolade, our second award from CIO Advisor this year," said Jian "T.J." Tang, Chief Executive Officer and Co-Founder of iClick Interactive. "Like QiaQia Food, many Chinese and international brands are striving to grow their businesses in the face of the COVID-19. To help them reach the right consumers, iClick’s solutions integrate extensive online and offline data to create an in-depth understanding and segmentation of customers. By leveraging various technologies, including deep learning, machine learning, predictive analytics, and real-time matching technologies to perform multi-dimensional data drill-downs and dynamic correlation analysis, iClick brings digital marketing solutions to the next level and empowers our clients to effectively target the right audiences with the right messages."
With COVID-19 accelerating the shift in consumer habits towards e-commerce, iClick’s market-leading online marketing solutions are helping more and more brands unlock tremendous retail opportunities in China’s ever-growing digital ad market which is expected to overtake the US as the world’s largest market in 2023.
About iClick Interactive Asia Group Limited
iClick Interactive Asia Group Limited (NASDAQ: ICLK) is an independent online marketing and enterprise data solutions provider that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, iClick’s proprietary platform possesses omni-channel marketing capabilities and fulfils various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and is currently operating in ten locations worldwide including Asia and Europe.
This announcement contains forward-looking statements, including those related to the Company’s business strategies, operations and financial performance. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s fluctuations in growth; its success in implementing its mobile and new retail strategies, including extending its solutions beyond its core online marketing business; its success in structuring a CRM & Marketing Cloud platform; relative percentage of its gross billing recognized as revenue under the gross and net models; its ability to retain existing clients or attract new ones; its ability to retain content distribution channels and negotiate favorable contractual terms; market competition, including from independent online marketing technology platforms as well as large and well-established internet companies; market acceptance of online marketing technology solutions and enterprise solutions; effectiveness of its algorithms and data engines; its ability to collect and use data from various sources; ability to integrate and realize synergies from acquisitions, investments or strategic partnership; fluctuations in foreign exchange rates; and general economic conditions in China and other jurisdictions where the Company operates; and the regulatory landscape in China and other jurisdictions where the Company operates. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and other filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
XIAMEN, China, July 9, 2020 — Blue Hat Interactive Entertainment Technology ("Blue Hat" or the "Company") (NASDAQ: BHAT), a producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced that it has entered into a Securities Purchase Agreement (the "SPA") with two accredited institutional investors (each a "Holder" and collectively the "Holders") to sell senior secured convertible notes (the "Convertible Notes") of the Company in a private placement (the "Private Placement") to the Holders, in the aggregate principal amount of $3,262,000, together with the issuance of warrants (the "Warrants" and, together with the Convertible Notes, the "Securities") to acquire up to 784,000 ordinary shares of the Company (the "Ordinary Shares") for an aggregate cash purchase price of $2,800,000 (reflecting an original issue discount of $462,000). The Company intends to use the net proceeds for working capital and general corporate purposes. The offering is subject to customary closing conditions.
The Convertible Notes will be sold with an original issue discount and will not bear interest except upon the occurrence of an event of default. The convertible notes will be initially convertible at any time after their issuance into ordinary shares of the Company at a conversion price of $1.25, subject to adjustment as provided therein. The Warrants will be initially exercisable at a price of $1.25 per share, subject to adjustment as provided therein.
FT Global Capital, Inc. is acting as the exclusive placement agent in the Private Placement.
The securities to be sold in the proposed private placement will not be registered under the Securities Act of 1933, as amended, or state securities laws as of the time of issuance and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from such registration requirements.
Further details regarding the proposed transaction can be found in the Company’s Report on Form 6-K filed with the Securities and Exchange Commission on the date hereof.
About Blue Hat
Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games, and toys with mobile game features. The Company’s interactive entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com.
Forward-Looking Statements
This release contains 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company’s SEC filings. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements.
Contacts:
Lexie Zhang Blue Hat Interactive Entertainment Technology Phone: +86 (592) 228-0010 Email: ir@bluehatgroup.net
SHANGHAI and SAN DIEGO, July 9, 2020 — WuXi AppTec is pleased to announce that they are about to launch the second session of the webinar series “Collaborations That Transform,” highlighting the impact of partnerships in bringing effective therapies to patients. This complimentary webinar, to be broadcast worldwide on July 16, will convene leading physicians, drug developers, patients and advocates. These experts will discuss the latest advances in the development of transformative medicines for hemophilia, including gene therapy and next generation technologies.
As an enabler of the biotech and medical device industry, WuXi AppTec shares the conviction that we must work collaboratively to solve industry-wide problems and bring transformational medicines to people living with rare diseases. On July 16, the webinar will continue the dynamic discussions that began with WuXi AppTec’s inaugural rare disease webinar in May. It is complimentary and open to the public.
WuXi AppTec welcomes all to join the conversation.
10:35 – 11:00 Addressing the Unknowns in an Era of Transformations
A conversation with Glenn Pierce, VP Medical, World Federation of Hemophilia, Entrepreneur-in-Residence at Third Rock Ventures, and Chief Medical Officer at Ambys Medicines; moderated by Hui Cai, VP and Head of Content Division, WuXi AppTec
11:00 – 12:00 The Quest for Transformative Medicines
John Pasi, Professor of Haemostasis and Thrombosis, Barts and the London School of Medicine and Dentistry, Queen Mary University of London
Richard Pezzillo, Executive Director, New England Hemophilia Association
Glenn Pierce, VP Medical, World Federation of Hemophilia
Rogerio Vivaldi, President & Chief Executive Officer, Sigilon Therapeutics
Guy Young, Director, Hemostasis and Thrombosis, Children’s Hospital Los Angeles; Professor of Pediatrics, University of Southern California Keck School of Medicine
Moderated by Richard Soll, Head of WuXi AppTec’s Boston office; Senior Advisor of Strategic Initiatives
SHENZHEN, China, July 9, 2020 — On July 1, 2020, Pudu Robotics, an indoor delivery robot provider, officially announced the completion of B round financing of more than $15M with Meituan as the exclusive investor. Zhang Tao, CEO of Pudu Robotics, said the fund would be mainly used to develop products, expand sales, explore new usage scenarios and expand overseas market.
Pudu Robotics is a top-notch intelligent indoor delivery robot provider in China. The company focuses on the R&D, design and production of robots and offers a number of popular delivery robots, including PuduBot (food delivery robot), BellaBot (food delivery robot), HoloBot (building delivery robot), HolaBot (dish-return robot), and GazeBot (multi-scene delivery robot). Its first mass-produced robot PuduBot has been widely used in extensive scenarios, including restaurants, hotels, office buildings, hospitals, Internet cafes and Karaoke, with customers in 200+ cities in more than 20 countries. In 2019, Pudu Robotics maintained rapid business growth and remained the leading food delivery robot provider.
Pudu Robotics all series of products.
Pudu Robotics possesses the core technologies of low-speed automatic driving, robotics motor and motion control. Its R&D team has developed a number of proprietary technologies. Up to now, the company has applied for several hundreds of core patents, with key patents accounting for more than 60% of the total. Its food delivery robot PuduBot won the German Red Dot Award 2017″Best of the Best”, one of the world’s most prestigious awards in the design industry.
Meituan adheres to a corporate mission of “We help people eat better, live better.” The company focuses on local services including catering and provides a full range of services to businesses through supply-side digitization to accelerate the online transformation of the service industry. This round of investment in Pudu Robotics will allow both sides to combine their strengths in their respective fields and collaborate to promote the exploration of services to humans daily life and the delivery robot industry.
Pudu Robotics and Meituan also have future plans for cooperation and exchange in the field of robotics and catering service digitization.
BEIJING, July 9, 2020 — Phoenix Tree Holdings Limited (“Danke” or the “Company”) (NYSE: DNK), one of the largest co-living platforms in China with the fastest growth, has teamed up with leading logistics service provider SF.Freight and on-demand delivery provider Huolala to offer one-click moving service for college graduates in China.
With the impact of the COVID-19 pandemic and resulting travel restrictions, college graduates face many challenges in moving their belongings out of their on-campus dorms. To help college graduates move out smoothly, Danke is offering coupons valued at up to RMB100 for shipment of oversized packages using SF.Freight, and for moving services provided by Huolala, respectively. Whether for an intra-city move, or for shipping long distance or across the country, these services are extremely helpful and therefore in high demand among college graduates. The launch of Danke’s one-click moving service, in collaboration with SF.Freight and Huolala, guarantees a hassle-free moving experience for recent college graduates, while also providing a measure of financial support.
To help college graduates find affordable apartments and settle down in their desired cities after graduation, Danke provides a complete rental solution, including high-quality standardized and furnished apartments, best-in-class services, and online/offline community activities through its Starling Project. More than one million graduates from over 2,000 colleges and universities have benefited from the project over the past four years.
As a leading co-living platform in China, Danke pioneered an innovative ”new rental” business model, which features centralization, standardization and online experience to address the numerous pain points suffered by both individual property owners and renters. Founded in 2015, Danke now operates in 13 major cities around the country and provides its young and well-educated residents with affordable, comfortable and stylish apartments.
ABOUT DANKE
Danke, one of the largest co-living platforms in China with the fastest growth, is redefining the residential rental market through technology and aims to help people live better. Empowered by data, technology, and a large-scale apartment network, Danke’s vibrant and expanding ecosystem connects and benefits property owners, residents, and third-party service providers, and delivers quality and best-in-class services through an innovative “new rental” business model featuring centralization, standardization, and a seamless online experience. Danke was founded in 2015 and is headquartered in Beijing, China. For more information, please visit ir.danke.com.
