Category Archives: PR Newswire

PR Newswire

The Central Axis of Beijing: The cultural charm of balance and harmony

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BEIJING, July 6, 2020 — A news report by China.org.cn on the charm of Beijing’s Central Axis:

 

 

On Jun. 13, the city of Beijing held a livestream event to celebrate the Cultural and Natural Heritage Day, introducing the city’s Central Axis. Millions of netizens from around the world watched the livestream online to learn about the architecture and culture of Beijing.

The Central Axis is a north-south line that runs through the center of Beijing. This 7.8-kilometer axis was formed 800 years ago during the Yuan Dynasty. Along the line, the old city of Beijing was divided in two, with buildings on both sides arranged symmetrically.

The Central Axis is not an actual road, but a harmonious cluster of distinct buildings and sites. The best-known attractions along the axis include the Palace Museum, the Temple of Heaven, and the Drum and Bell Tower to name a few. Quadrangular courtyards, or Siheyuan, and the narrow streets lined with those courtyards, or hutong, are both icons of Beijing that are mostly scattered around the axis. It is more than fair to say the Central Axis is the epitome of quintessential old Beijing.

Moreover, building complexes along the central axis showcase ancient Chinese architecture and embody Chinese philosophy on the relationship between heaven and mankind. The main structures of the Temple of Heaven are circular, symbolizing the relationship of heaven and earth at the heart of ancient Chinese cosmology. The reciprocal concepts of Yin and Yang, right and left, civil and military, as well as the dichotomy of simple dialectics, can be found everywhere in the design of the Forbidden City. The symmetrical layout of the Central Axis, which echoes the golden mean in Chinese ideology, is still widely applied in urban planning and architectural design to this day.

The Central Axis’ beauty lies in its balance and harmony. In the past 800 years, the city of Beijing has gone through lots of changes, yet the Central Axis has been kept in good repair.

Some spots have been repurposed as times have changed. The once important ritual sites for the imperial family have become parks. Shichahai, once a stretch of the Grand Canal, has now emerged as a chic hangout for young people. As the city grows, the Central Axis continues to extend. The Olympic Park was added in the north and Daxing International Airport was built in the south. The Central Axis has been a cultural symbol for generations and will continue to be one long into the future.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm

The Central Axis of Beijing: The cultural charm of balance and harmony
http://www.china.org.cn/video/2020-07/03/content_76233121.htm

 

Related Links :

http://www.china.org.cn

PR Newswire

Yintech Special Committee Retains Financial Advisor and Legal Counsel

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SHANGHAI, July 6, 2020 — Yintech Investment Holdings Limited (NASDAQ: YIN) (“Yintech” or the “Company”), a leading provider of investment and trading services for individual investors in China, today announced that the special committee (the “Special Committee”) of the Company’s board of directors has retained Duff & Phelps, LLC as its financial advisor and Kirkland & Ellis as its U.S. legal counsel in connection with its review and evaluation of the previously announced non-binding “going private” proposal from Mr. Wenbin Chen, co-founder, Chairman of the Board and Chief Executive Officer of Yintech, Mr. Ming Yan, co-founder and director of Yintech, and Ms. Ningfeng Chen, co-founder and director of Yintech (collectively, the “Buyer Group”) that the Board received on June 22, 2020 (the “Transaction”).

The Board cautions the Company’s shareholders and others considering trading the Company’s securities that the Special Committee is continuing its evaluation of the Transaction and other strategic alternatives of the Company and that, at this time, no decisions have been made by the Special Committee with respect to the Company’s response to the Transaction. There can be no assurance that any definitive offer will be made by the Buyer Group, that any agreement will be executed with the Buyer Group or that the Transaction or any comparable transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to the Transaction or any other transaction, except as required under applicable law.

Safe Harbor Statement

All statements other than statements of historical fact contained in this release, including statements regarding future results of the operations of the Company are forward-looking statements, which are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: the Company’s ability to effectively acquire and retain its customers; the Company’s diversification of its business among different commodity exchanges; the adjustments in commissions and other fees set by relevant commodity exchanges; the Company’s ability to constantly upgrade its technology platform and software; general market conditions of online spot commodity trading industry and stock market; intense competition among service providers in this industry; the Company’s relatively short operating history; the price of the Company’s ADSs and changing market conditions for its ADSs; acquisition-related risks, including unknown liabilities and integration risks; as well as those risks detailed from time to time under the caption “Risk Factors” and elsewhere in the Company’s Securities and Exchange Commission filings and reports, including in the Company’s annual report on Form 20-F for the year ended December 31, 2019. In addition, the Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for the management to predict all risks, nor can the Company assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements that the Company may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this release are inherently uncertain and may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Accordingly, you should not rely upon forward-looking statements as predictions of future events. The Company does not undertake any obligation to update publicly or revise any forward-looking statements for any reason after the date of this release, nor to conform these statements to actual results, future events, or to changes in the Company’s expectations.

About Yintech

Yintech (NASDAQ: YIN) is a leading provider of investment and trading services for individual investors in China. Yintech strives to provide best-in-class financial information, investment tools and services to its customers by leveraging financial technology and mobile platforms. Currently, Yintech is focused on the provision of gold and other commodities trading services, securities advisory services, securities information platform services, overseas securities trading services and asset management services.

For investor and media inquiries, please contact:

Yvonne Young
Phone: +86 21 2028 9009 ext 8270
E-mail: ir@yintech.cn

Related Links :

http://www.yintech.cn

PR Newswire

JinkoSolar to Supply 126 MW of Modules for a Utility PV Project in Chile

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SHANGRAO, China, July 6, 2020 — 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 that it will supply 126 MW of solar modules for the expansion of an existing 160 MW solar PV park in Chile.

The local contractor recently announced the 126 MW expansion of an existing 160 MW PV park located in the Antofagasta Region. The existing PV plant has been in operation since 2016 and already has 668,160 JinkoSolar panels installed which generate 400 GWh per year. The expansion will add an additional 315,900 JinkoSolar bifacial modules.

Once the expansion is complete and begins operations, the PV plant will have a total of 984,060 JinkoSolar photovoltaic panels consisting of both monofacial and bifacial modules that are able to generate 789 GWh per year.

“This is the second project in Latin America to be equipped with our bifacial modules with transparent backsheets,” commented Mr. Alberto Cuter, General Manager LATAM of JinkoSolar. “Chile is the largest market for utility scale projects in the region and we are continuously working to promote our high-quality modules there in order to support the development of renewable energy. The expansion of the PV plant equipped with our bifacial modules has already generated lower LCOE and is able to compete with traditional sources of energy. We are expecting to sell more bifacial modules in the coming few months across the region.”

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, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 17.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of March 31, 2020.

JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina.

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. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@jinkosolar.com

Related Links :

http://www.jinkosolar.com

PR Newswire

Riiid Labs launches AI education solutions in America

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SEOUL, South Korea, July 6, 2020 — Riiid, a member company of the Born2Global Centre, could not be coming to America at a better time, as artificial intelligence transforms the global education landscape in 2020.

Riiid Labs CI
Riiid Labs CI

 

Riiid Labs is the global arm of parent company Riiid and has been established in Silicon Valley to build upon Riiid’s success in Asia and to expand its business across the U.S., South America, Middle East and beyond. Riiid is a leading AI edtech start-up based in Korea, which successfully launched Santa for Test of English for International Communication (TOEIC) test prep engine in Korea and Japan and reached No. 1 in sales among education apps in the Android market after only five months. Riiid has been an active member company of the Born2Global Centre since 2016.

Riiid’s proprietary AI technology analyzes student data and content, predicts scores and user behavior, and recommends personalized study plans in real-time to help students optimize their learning potential. Santa for TOEIC users have improved their score by an average of 124 points after just 20 hours of study. Leveraging the success and proven efficacy of Riiid’s AI technology, Riiid Labs will continue to innovate and expand globally across new education verticals and domains.

“Reinforced education using AI is more emphasized now than ever, as the current global pandemic situation dictates we face a new normal,” said Riiid CEO YJ Jang. “I’m thrilled to launch Riiid Labs in the U.S. at this appropriate time and confident to see the strength and capability of our U.S. leadership team. We look forward to establishing a significant global footprint and bringing disruptive changes to the global education market.”

“Riiid has successfully verified the advancement of our proprietary AI-ed technology and proved its marketability,” Jang said. “I’m confident we can continue, and surpass, our own success story while bringing highly efficient learning solutions to everyone and lead in making fundamental changes to the education market.”

“We’re a leader in AI test prep throughout Asia, giving us a massive advantage in localizing to the cultural needs for the U.S. market,” says Rob Barrett, Riiid Labs Chief Innovation Officer. “We’re not starting from scratch; we’re using our deep AI understanding to address and solve problems to best serve the market with maximum positive impact on students.”

Riiid Labs partners with leaders in education to re-imagine the old ways of approaching learners. The company’s speciality is preparing students for tests like SAT and ACT with its own proprietary tech. Riiid Labs has hired top-tier talent in the U.S. for both its education and tech sectors.

“AI will make the biggest impact in education,” says David Yi, who comes to Riiid Labs as CEO after heading business development in Asia for U.S. standard test provider ACT. “We’re talking not just financial impact, but more importantly, life impact for the well-being and future of humanity.”

Riiid Labs extends the mission of Riiid, which launched Santa for TOEIC in 2017. It’s the world’s first commercialized AI tutor solution, based on a deep-learning algorithm garnering more than a million users in Korea alone. It aims to replace textbooks and augment traditional lectures with personalized help from its AI engine.

For more information, visit www.riiidlabs.ai and www.riiid.co/en/main.

About Riiid Labs

Riiid Labs (www.riiidlabs.ai), based out of Silicon Valley, is the global arm of parent company Riiid, a leading AI solutions provider delivering creative disruption to the education market through its cutting-edge technology. The company aims to empower global education players to rethink the traditional ways of learning via extending Riiid’s AI competency.

With a strong belief in equal opportunity in education, Riiid (www.riiid.co/en/main) launched Santa for TOEIC in 2017, the firm’s first commercialized AI tutor solution based on deep-learning algorithm, attracting more than a million users in South Korea. Riiid’s AI tutor solution replaces textbooks and traditional lectures with a personalized AI tutor outpacing human tutors at a fraction of the cost. Based on highly scalable and proven AI technology, Riiid is aggressively expanding its business to new test areas and geographical markets. It currently operates Santa for TOEIC in Korea and Japan and has launched Santa SAT in Vietnam.

About Born2Global Centre

Born2Global Centre (www.born2global.com) is a full-cycle service platform for global expansion. Since inception in 2013, Born2Global has been setting the standard for successful startup ecosystem as the main Korean government agency under the Ministry of Science and ICT. Born2Global has expanded and transformed startups to be engaged, equipped and be connected with the global market.

Media contact
Riiid: tony.hicks@riiid.co, kiyoon.kay@riiid.co
Born2Global Centre: jlee@born2global.com

 

Related Links :

http://www.born2global.com/

PR Newswire

Infoblox Appoints George Chang as Vice President of Sales to Accelerate Growth in the Asia-Pacific Region

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The company doubles down on senior hires in the region to drive customer growth

SINGAPORE, July 6, 2020 — Infoblox Inc., the leader in Secure Cloud-Managed Network Services, today announced the appointment of George Chang as Vice President of Sales for its Asia-Pacific and Japan (APJ) region, which follows the appointment of Matthew Hanmer as country manager and regional director for Australia and New Zealand. Based in Singapore, Chang will lead go-to-market strategies that bolster Infoblox’s continued growth in APJ. 

George Chang, Vice President of APJ Sales, Infoblox
George Chang, Vice President of APJ Sales, Infoblox

Chang’s hiring demonstrates Infoblox’s commitment to expanding its regional footprint. He brings over 30 years of experience in international executive management across the technology and cybersecurity industries. He joins Infoblox after serving as an advisor to the board and senior partner at Axcelerate Consulting Group and as Vice President of Sales at Forcepoint in the Asia-Pacific region. 

“Financial services, government, telecommunications, and education have fueled our growth in APJ as they embraced digital transformation, which continues to drive demand for our cloud-managed networking and security solutions,” said Cherif Sleiman, Senior Vice President of International Business at Infoblox. “George brings decades of experience helping customers in these sectors navigate the challenges of an increasingly complex technology landscape.”

“Enterprise infrastructure is going hybrid and multi-cloud with more remote devices connecting to the corporate network than ever before,” said Chang. “Businesses that seek to take advantage of the benefits of digital transformation will need solutions that work for them now and in the future. I am excited to be joining Infoblox, the leader in next-level networking, to help customers build borderless organizations with enhanced security, reliability, and automation.” 

About Infoblox
Infoblox delivers the next level network experience with its Secure Cloud-Managed Network Services. As the pioneer in providing the world’s most reliable, secure and automated networks, we are relentless in our pursuit of next level network simplicity. A recognized industry leader, Infoblox has more than 50 percent market share in the DDI networking market and more than 8,000 customers, including 350 of the Fortune 500. Learn more at https://www.infoblox.com.

Media Contact:
Lise Feng
lise@infoblox.com

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Related Links :

http://www.infoblox.com

https://www.infoblox.com

PR Newswire

Hohem iSteady Pro 3, perfect action camera gimbal stabilizer for GoPro 8

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SHENZHEN, China, July 4, 2020 — Hohem just released its new action camera gimbal iSteady Pro 3. In past two years, Hohem has been awarding as best seller of action camera gimbal on Amazon and with a market share of 70% in action camera stabilizer category. Obviously, the reliable quality and affordable price are two main reasons why people choose Hohem. After one year of hard work in improving product performance, Hohem comes back with new innovation – the 3rd generation of action camera gimbal. 

Hohem isteady pro 3 action camera gimbal for GoPro hero 8
Hohem isteady pro 3 action camera gimbal for GoPro hero 8

 

Great Compatibility of Action Cameras

iSteady Pro 3 is specifically designed for action cameras, and well-matched with most action cameras in the market, such as GoPro Hero 8/7/6/5/4/3, DJI OSMO Action, Insta360 one R, SONY RX0, YI cam, Xiaomi Mijia, SJCAM and other action cameras with similar size and weight.

IPX4 Water Splash-Proof

No need to worry about water splashes from any direction. It enables users to use in various outdoor adventures even in a rainy day.

12hrs Battery Life

Perfectly solve the weak battery life of action cameras with built-in 3600mAh battery. It has up to 12 hours battery life, and also can work as a powerbank to charge user’s action camera while recording.

Incredible Cinematic Effects To Unlock Possibilities    

Hohem iSteady Pro 3 provides 7 different cinematic effects, and allows users to remote control the gadget. It helps users to reduce tedious editing work and maximize their creative potential. The 7 amazing effects are as follow:

600°Rotational Inception Mode – Support users to create more than 360 degrees rotation.

Motion Timelapse – Set the track with custom rotating angle, record heavy traffic on the street, and other frequency moving subjects.

POV – The first person point of view, shows users’ own perspective and support them to express themselves.

Sport Mode – Capture fast moving subjects, such as playing skateboard and basketball.

Pan Follow – Mostly used in shooting with a horizontal shift, such as running puppies and street shooting.

Pan & Tilt Follow – Perfect for recording Vlog, and even film a blockbuster with rotation effect.

Lock – Suitable for maintain a straight axis, such as straight orientation down a long corridor.

Pricing and availability    

iSteady Pro 3 is available on Hohem Official Website for only $89. Follow us on Facebook to win a free gimbal.

Link：

www.hohem.com/products/isteady-pro-3-action-camera-gimbal
https://www.facebook.com/HohemGlobal/

 

Related Links :

https://www.hohem-tech.com

PR Newswire

Never Be Lost In Translation Again: Timekettle’s Revolutionary World First Offline Translation Feature for WT2 Plus Translator Earbud Redefines International Communication

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LOS ANGELES, July 4, 2020 — The team at Timekettle is proud to announce the launch of an offline translation feature, the latest software upgrade to its flagship device, Timekettle WT2 Plus translator earbuds. The software upgrade is also available across its other translation products.

Timekettle WT2 Plus Offline Translation
Timekettle WT2 Plus Offline Translation

 

The innovative new feature is a world first, currently offering seamless in-ear translation between Chinese, French, Japanese, Russian, and Spanish, and English without the need for an internet connection. Timekettle – compatible with both iOS and Android – opens up a new world of natural communication possibilities for people around the world, moving toward more organic translations where the focus is always on talking to people, rather than the mechanics of translation software.

“Whether traveling for business or pleasure, multilingual conversations have long been a source of frustration. Online translators were a great innovation, but for those on the streets and far from an internet connection, relatively useless. With the WT2 Plus’ new offline capabilities, Timekettle has opened a whole new world of limitless communication,” said Leal Tian, CEO of Timekettle.

“We are always looking for ways to add more value to our products so that our users enjoy the maximum benefits. Unlike many tech companies in this space, our focus is on intimate human to human interaction, rather than the more mechanical interaction of human and machine back to human again.”

The offline translation feature marks the latest improvement in a series of upgrades in the past six months. In that time, Timekettle has boosted its language pairs, bringing users fluent access to over forty languages with ninety-three accents while also bolstering its global infrastructure with two new servers in Moscow and Sao Paulo, bringing the total up to fourteen.

The AI translator’s ability to capture conversations with up to 93% accuracy on the go has won it many fans. “We are constantly working on improving our service so that people can communicate effortlessly, no matter where they are,” added Tian. “More than just helping the world to talk, we’re invested in continually working to make the Timekettle experience as user-friendly, convenient, and efficient as possible.”

About Timekettle

Founded in 2016, Timekettle Technologies is committed to building a global brand of AI translator by integrating cutting-edge technology and innovative design through the combination of artificial intelligence and hardware technology. For more information about the company and its products, please visit https://www.timekettle.co/.

Timekettle
6922 Hollywood Blvd, 4th Floor
Los Angeles, CA 90028
United States of America

Website: https://www.timekettle.co/ 
Facebook: https://www.facebook.com/TimekettleTech/ 
Twitter: https://twitter.com/timekettletech/ 
Instagram: https://www.instagram.com/timekettletech/ 
YouTube: https://www.youtube.com/c/timekettletech/

 

Related Links :

https://www.timekettle.co

PR Newswire

Afiniti Names Dame Jennifer Smith and Peter Riepenhausen to Its Board of Directors

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7th Bermudian Premier Dame Jennifer Smith and Chairman of The Resource Group Peter Riepenhausen join the Board as Afiniti continues its global growth

HAMILTON, Bermuda, July 3, 2020 — Afiniti, the world’s leading applied artificial intelligence provider of enterprise behavioral pairing solutions, today announced that Dame Jennifer Smith, 7th Premier of Bermuda, and Peter Riepenhausen, Chairman of The Resource Group, have been appointed members of Afiniti’s Board of Directors.

Dame Jennifer Smith was the first female Senator, first female Deputy Speaker, and first female Premier of Bermuda. She led the Progressive Labor Party to its first general election victory in Bermudan history, and is the only leader from the Progressive Labor Party to win two consecutive general elections. Prior to joining elective politics, Dame Jennifer was a political reporter and editor for the Bermuda Recorder newspaper. She is a member of the Council of Women World Leaders and was made a Dame Commander of the Order of the British Empire in 2005.

“Afiniti’s mission to generate economic benefits while improving human interactions is a powerful one,” said Dame Jennifer. “I look forward to continuing to further increase my involvement in the technology sector and contributing my areas of expertise to the fourth industrial revolution.”

Peter Riepenhausen is the Chairman of The Resource Group, the principal shareholder of Afiniti. Mr. Riepenhausen previously held positions at PepsiCo where he was responsible for global operations outside of the Americas, at Align Technology where he was Chairman of Europe, at ReSound where he was CEO and President, at Blendax-Werke where he was CEO, and at the Cooper Companies where he was Vice Chairman.

Riepenhausen said of joining the board, “Afiniti has built an internationally recognized technology business at the forefront of artificial intelligence advancement. I have been following the unicorn’s rise since its inception in 2005 and am looking forward to assist in its next stage of growth evolutions.”

Zia Chishti, CEO and Chairman of Afiniti’s Board of Directors, commented: “Dame Jennifer and Mr. Riepenhausen are extraordinary individuals that will bring great talent and experience to the Afiniti Board. Afiniti welcomes them to their new roles, and looks forward to working with them in the years to come.”

Following this announcement, Afiniti’s Board of Directors is comprised of:

  • Hasnain Aslam, CIO, The Resource Group
  • HE José Maria Aznar, 6th President of Spain
  • Larry Babbio, Former President of Verizon
  • Zia Chishti (Chairman), CEO of Afiniti
  • Peter Riepenhausen, Chairman, The Resource Group
  • Dame Jennifer Smith, 7th Premier of Bermuda
  • Secretary John Snow, 73rd US Treasury Secretary

To learn more, please visit https://www.afiniti.com/board-of-directors

Media Inquiries

press@afiniti.com

About Afiniti

Afiniti is reinventing how businesses communicate with their customers. It uses patented, award-winning artificial intelligence to identify subtle and valuable patterns of human interaction in order to pair individuals on the basis of behavior, leading to more successful interactions and measurable increases in enterprise profitability. Afiniti operates throughout the world to measurably drive incremental value to its clients, which include companies in healthcare, telecommunications, travel, hospitality, utility, insurance, and banking, among other industries with large, consumer-facing operations. Afiniti has over 150 deployments in major enterprises and has optimized more than 600,000 agents and 700 million customers. Afiniti’s technology continually learns and improves, analyzing 1.3 million interactions every day to refine its pairings. To learn more, please visit www.afiniti.com.

PR Newswire

OKEx Launches Latin American Fiat Gateway With Settle Network

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VALLETTA, Malta, July 3, 2020 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has reached a strategic partnership with Settle Network, a global fiat-crypto solution provider. Through the latter’s product, Latamex, OKEx users can now buy Bitcoin (BTC) and ether (ETH) on the exchange with Argentine peso (ARS), Brazilian real (BRL) and Mexican peso (MXN) using a direct bank transfer.

Settle Network is the largest digital assets settlement network across Latin America for exchange and cross-border payments, providing programmatic interoperability between traditional and digital assets by leveraging financial infrastructures of LATAM countries.

“One of the important goals of OKEx is to enable everyone to enjoy intermediary-free financial services by promoting the blockchain-driven economy. For that, it’s essential to lower the threshold for the exchange between cryptocurrencies and fiat currencies in order to cover users in more countries and regions,” said Jay Hao, CEO of OKEx. “The cooperation with Settle Network is of strategic significance to OKEx. Latin American users can now purchase BTC and ETH with multiple local currencies in a compliant way through bank transfers. In the future, OKEx will continue to expand the coverage of fiat currencies to allow more users to purchase cryptocurrencies more conveniently.”

Since the world economy has suffered from setbacks for some time, people have begun to reflect on the problems in the existing financial system — among which, the unbanked has become an unavoidable topic. Currently, about 2 billion adults worldwide do not have bank accounts, and Latin Americans make up a large portion of them. Be that as it may, thanks to its intermediary-free nature, cryptocurrency has begun to play an increasingly important role in the field of financial services.

For most people, the first step to enjoying blockchain-driven financial services is to convert local currencies to cryptocurrencies. As of now, OKEx has supported a vast number of fiat currencies worldwide. Thanks to the partnership with Settle Network, through its wide array of products — such as Latamex, Settle X, PSP Xramp, etc. — OKEx users will enjoy a much-improved experience in crypto-to-fiat trading and payment processing through bank transfers.

About OKEx

A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

About Settle Network:

Settle Network is the largest digital assets settlement network across LATAM (Latin America) for exchange and cross-border payments. Settle Network provides programmatic interoperability between traditional and digital assets by leveraging the financial infrastructure in every country it operates in — covering the most relevant markets, including the largest banks and thousands of cash retail locations. This enables unlimited and compliant interoperability between digital assets and the most important local currencies. Settle Network has an array of products such as Latamex (the largest crypto-to-fiat gateway in Latin America), Settle X (payment solutions for business, including stablecoin issuance solutions), and PSP Xramp (payment processing solutions), among others.

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PR Newswire

Co-writing the new digital economy chapter in 5G era concludes the China Unicom’s 2020 International Partners Meeting

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HONG KONG, July 3, 2020 — Over 600 global partners participated in China Unicom’s 15th International Partners Meeting online under the theme “Thrive in Unity. Connect the Future” that explored different ways to leverage the digital economy – the unique ecosystem for building a global collaborative platform under the pandemic.

China Unicom vice president He Biao delivered his keynote speech “Accelerate the full digital transformation for the win-win 5G era” in China Unicom’s 15th International Partners Meeting.
China Unicom vice president He Biao delivered his keynote speech “Accelerate the full digital transformation for the win-win 5G era” in China Unicom’s 15th International Partners Meeting.

Focus on innovative cooperation for 5G digital transformation

China Unicom introduced to its global partners that its journey to full digital transformation and its determination for a win-win co-operation under the threat of COVID-19 around the world. The outbreak has accelerated the digitalization of corporate services and online personal consumption, which brought challenges and opportunities for the telecommunication industry transformation.

In his keynote speech “Accelerate the full digital transformation for the win-win 5G era”, China Unicom vice president He Biao said the company’s innovative eco-system offered a unique advantage to help customers achieve their success. He stressed the company’s 5G focus would continue to open the door for 5G application and deeper collaboration among partners that will benefit thousands different industries.

Leveraging on the position of customer trustworthy international information service value creator, He Biao said China Unicom is committed to providing continuous high quality end-to-end integrated services to its global customers. China Unicom currently has 32 branches outside China and over 300 international telecom operators with a long-term partnership, serving over 3,000 multinational corporates, thanks to its “going out” and “bringing in” growth strategy.

At the same time, China Unicom also presented an online awards to its 28 partners for their long-term support.

Introducing multiple killer apps that benefit thousands different industries

In response to the changing societal needs, China Unicom proactively led the revolution by building an online, intelligent, cloud-enabled service network. In the conference, China Unicom showcased the customer highly-recognized smart city big data tools, cloud-based video conferencing for corporate and individual, AI facial recognition, robotics and other applications.

For the commitment of smart city and data analysis, China Unicom and partners can conduct big data analysis to support the government and corporate decision and to enhance its efficiency and accuracy under the emergency situation.

With the network of global partnership that covers over 190 countries, China Unicom is capable of providing safe and high-quality global video communication solutions tailored-made for telecommunication, conferencing, training and emergency command for higher efficiency.

At the same time, China Unicom demonstrated the AI facial recognition and the application of robotics under the pandemic. Equipped with enhanced algorithm, the AI system replaced the traditional manual test for which it can recognize whether an individual with mask had abnormal temperature, as the AI system is embedded with a deep learning system. It enables auto petrol and examination under different scenarios to assist the preventive epidemic measures.

Optimizing global network resources for product enhancement

In the conference, China Unicom demonstrated its high-quality network resources, Internet of Things, cloud-based smart network solutions that covers the globe for 24/7.

Based on its extensive and rich undersea cable resources, China Unicom provides its global partners and multinational corporates a professional and high-quality network service with a competitive cross-border product in a faster and more comprehensive global footprint.

The Product of the year is China Unicom cloud-based network. As a high-quality MPLS-VPN provider, it provides highly-efficient and stable interconnection network that sufficiently protect the customer distribution network. To date, this product covers over 70 interconnection spots in China and over 30 spots outside China via 41 PoPs located outside China for its global customers.

At the same time, China Unicom showed its global connectivity especially in its Asia Pacific capability via global partnership, integration of network resources, standardization of fee and procedures for a unified global internet of things structure. Its 7×24 global team and brand-new safety operating centre provide non-stop network continuity and protection for global customers.

In the digital era, China Unicom will join hands with its global partners to build an open and co-sharing intelligent ecosystem that will thrive in unity and connect the future.

Photo – https://photos.prnasia.com/prnh/20200703/2848298-1?lang=0