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PR Newswire

PR Newswire
Chinese Sports Technology Brand Keep and Fitness Brand Zumba(R) to Hold Strategic Collaboration Conference Online

BEIJING, June 8, 2020 /PRNewswire/ — On May 30, sports technology brand Keep and world’s leading brand Zumba® Fitness held a unique online global press conference, at which the two firms announced the roll out of a program in China that is expected to inject new vitality and energy into the summer of 2020. 

Zhao Xi, General Manager of Keep Marketing Center Delivered Speech on the Conference
Zhao Xi, General Manager of Keep Marketing Center Delivered Speech on the Conference

At the event, Keep announced the launch of a series of genuine Zumba® courses, a world-leading fitness brand. This marks Keep’s deep commitment to the introduction of copyrighted content, as well as an expansion in the variety of its courses and in the portfolio of licensed fitness content. 

Keep invited 5 heavyweight Bilibili video uploaders to participate in the conference as Zumba® experience officers and dance with internationally renowned Zumba® instructors. This interaction continues to support the spread of these types of fitness programs and gain a legitimate foothold in China. The collaboration between the two firms gives China’s young adults an opportunity to know and experience Zumba® and enables further collaboration on and exchanges of sports cultures. 

At the sharing session themed "At Keep, exercise what you like" that was part of the press conference, Zhao Xi, general manager of the Keep marketing center, related Keep’s thinking over the last few years in terms of further exploration into the world of sports and fitness. "The original intention of Keep is to enable more people to experience science-based exercise and enjoy a healthy lifestyle anytime and anywhere," said Zhao. Keep is committed to examining more possibilities on breaking down the boundaries that inhibit people from taking that first step towards engaging in a healthy exercise routine and making it possible for every person to find the content that resonates with their expectations.

During the five years since Keep’s founding, the firm has accumulated over 200 million sports-loving users. The platform has introduced a variety of courses that meet the diversified needs of different groups when it comes to sports and exercise, such as the Tai Chi series courses in cooperation with Taiji Zen, ballet courses in partnership with the Russian Hermitage Ballet, and plot run courses in cooperation with Marvel. Keep is not only focusing on the amount of content that it plans to make available, but also on the diversity of the content offerings.

This formal and strategic collaboration with the international fitness brand Zumba® supported the launch of its newest HIIT program, Strong Nation™. A music-led, high-intensity training exercise class that combines bodyweight, muscle conditioning, cardio, and plyometric training moves. Routines are created first and then music is reverse-engineered to match every move perfectly, for a unique workout experience. This new concept, which emphasizes music, is the main motivator, allowing participants to burn more calories while toning abs, legs, arms, and glutes.

Compared with traditional training routines, Zumba® moves beyond the limitations of basic aerobics, turning something that feels repetitive into an exciting and stimulating event. Zumba’s huge number of fans lose weight effortlessly while dancing joyfully. CEO Alberto Perlman claims that, "Zumba now has millions of class participants worldwide."  Knowing that nothing compares to a live class experience, Zumba® acknowledges that trying classes at home is often the beginning of the Zumba® journey so that is why working with Keep has been a great collaboration. We (Zumba®) are happy to collaborate with companies around the world that align with this journey, and that’s why we are so excited to be working with Keep." 

Alberto Perlman, CEO of Zumba Joined the Video Conference
Alberto Perlman, CEO of Zumba Joined the Video Conference

The collaboration allows Keep’s users to engage in their exercise routine mentored by licensed Zumba® Instructors from Keepland, as well as experience 14 of Zumba’s official programs via the Keep app anytime and anywhere. Keep and Zumba® will continue to work together to keep users engaged in both of their programs: Zumba® and Strong Nation™

With a deep understanding of user expectations, Keep is committed to creating an excellent fitness experience by providing users with increasingly improved fitness solutions enhanced by the brand’s insights into user habits and preferences as well as its competitive content and enhanced products.

Keep will continue implementing its strategy of providing users with outstanding fitness solutions via the app backed by professional and customized content with a focus on meeting user expectations. Keep also plans to explore more lifestyle scenarios for fitness professionals and enthusiasts and build a complete closed-loop sport technology ecosystem, while collaborating with more content partners to improve the health of people around the world by increasing the adoption of its open and professional content.

Photo – https://photos.prnasia.com/prnh/20200608/2823552-1-a?lang=0
Photo – https://photos.prnasia.com/prnh/20200608/2823552-1-b?lang=0  

Related Links :

http://keep.com

PR Newswire
Absen Scoops 2020 Red Dot Award for New Champion Rental Staging LED Series

SHENZHEN, China, June 8, 2020 /PRNewswire/ — Leading global LED manufacturer Absen (SZSE:300389) is proud to announce they have won the coveted Red Dot Product Design award for their latest rental staging LED solution, the Venus (VN) series.

Red Dot winner 2020 - Absen Venus Series
Red Dot winner 2020 – Absen Venus Series

The Red Dot Design Award is one of the most sought-after international seals of quality for good design. Established in 1955, the Product Design award is presented to the best products created each year, as decided by a jury of 40 international experts on product innovation.

Winners of the award are judged on a range of elements, including innovation, functionality, quality, and ecological compatibility. Commenting on the winning VN Series, the Red Dot Award’s jury praised "a particularly high flexibility and durability which makes the Venus series universally applicable in various usage scenarios."

"We’re delighted to have been presented a Red Dot award for Product Design," said Amy Tang, VP of product at Absen. "The VN Series was designed with users in the field in mind every step of the way. Not only does the product deliver a visually stunning performance, it is radically different to what is currently available on the market and will see customers save on weight and cost, without compromising on the performance of the product".

The Venus series is an innovative LED display specifically designed for concerts and festivals due to its ability to create super-sized screens at speed. The product features a highly unique integrated ‘module-on-frame’ design, which has removed the need for a sub-frame and is 27% lighter than competing solutions, allowing creative teams to cut back on weight, save cost and build even bigger LED walls than before – up to 20 metres in height.

The series has been designed with the crew’s safety and convenience in mind. With its carbon fibre pipes with anti-slip coatings to ensure safety of climbers, and additional safety hooks so riggers can secure themselves at every step of the building process, as well as the ability to withstand gale force winds of up to level 8, the VN series is one of the safest rental staging LED solutions on the market.

The VN Series is available in two standard sizes: 1,500mm(W) x 1,000mm(H) and 500mm x 1,000mm, in order to allow for fully customised options. It is available in 3.9mm, 4.8mm and 8.3mm pixel pitch versions, boasting up to 5000nits brightness and black face LED. The VN Series also allows for concave and convex curving options for highly creative videowall designs; with horizontal free-adjustable variances of -10 to +10 degrees, allowing fixed positioning at -10°, -5°, 0°, +5° and +10°.

About Absen:

Absen is a leading global LED display manufacturer offering professional indoor, outdoor, fixed and rental LED products and solutions. As the largest Chinese LED exporter for eleven consecutive years, Absen is present in over 120 countries and regions and has been instrumental to over 30,000 successful projects worldwide to date.

Photo – https://photos.prnasia.com/prnh/20200608/2822551-1?lang=0

PR Newswire
Real Time Engagement API Provider Agora Announces Filing for IPO under the ticker symbol “API”

SANTA CLARA, Calif., June 8, 2020 /PRNewswire/ — Agora, Inc. today announced that it has filed a registration statement on Form F-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its Class A common stock.  

Per the F-1 filing, Agora maintains dual headquarters in Shanghai, China and Santa Clara, California, as well as presence in other countries.

The number of shares to be offered and the price range for the proposed offering have not yet been determined. Agora has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "API".  Morgan Stanley and BofA Securities are acting as the lead bookrunning managers for the proposed offering.

The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus is publicly available on the EDGAR website.

A registration statement relating to the proposed sale of these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Agora

Agora is the leading video, voice and live interactive streaming platform. Our mission is to make real-time engagement ubiquitous, allowing everyone to interact with anyone, anytime and anywhere. Our video, voice and live interactive video SDKs help developers deliver rich in-app experience—including embedded voice and video chat, real-time recording, interactive live streaming, and real-time messaging—for users across gaming, social, education, entertainment, and enterprise apps.  

Find out more at www.agora.io.

Media Contact:                                   
Meghan Gardner
[email protected]
971-246-7896

Suzanne Nguyen
[email protected]
408-879-5885

Photo – https://techent.tv/wp-content/uploads/2020/06/real-time-engagement-api-provider-agora-announces-filing-for-ipo-under-the-ticker-symbol-api.jpg

Related Links :

http://www.agora.io

PR Newswire
NetEase Announces Pricing of Global Offering

HANGZHOU, China, June 7, 2020 /PRNewswire/ — NetEase, Inc. (NASDAQ: NTES) ("NetEase" or "the Company") today announced the pricing of the Global Offering of 171,480,000 new ordinary shares (the "Offer Shares" or "Shares") which comprises an International Offering and a Hong Kong Public Offering. The final offer price for both the International Offering and the Hong Kong Public Offering (the "Offer Price") has been set at HK$123 per Share. Based on the ratio of 25 ordinary shares per Nasdaq-listed American depositary share ("ADS"), the Offer Price translates to approximately US$397 per ADS. The Company has set the abovementioned offer price by taking into consideration, among other factors, the closing price of the ADSs on June 4, 2020 (the latest trading day before pricing). Subject to approval from The Stock Exchange of Hong Kong Limited (the "SEHK"), the Shares are expected to begin trading on the Main Board of the SEHK on June 11, 2020 under the stock code "9999." The Global Offering is expected to close on the same day, subject to customary closing conditions.

The gross proceeds to the Company from the Global Offering, before deducting underwriting fees and the offering expenses, are expected to be approximately HK$21,092 million. In addition, the Company has granted the international underwriters an over-allotment option, exercisable from June 5, 2020 until 30 days thereafter, to require the Company to issue up to an additional 25,722,000 new Shares at the Offer Price.

The Company plans to use the net proceeds from the Offering for globalization strategies and opportunities, fueling continued pursuit of innovation, and general corporate purposes.

CICC, Credit Suisse and J.P. Morgan (in alphabetical order) are the joint sponsors and joint global coordinators for the proposed Offering.

The International Offering is being made only by means of a prospectus supplement and the accompanying prospectus included in an automatic shelf registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission (the "SEC") on May 29, 2020, which automatically became effective upon filing. The registration statement on Form F-3 and the preliminary prospectus supplement dated June 1, 2010 are available at the SEC website at: http://www.sec.gov. The final prospectus supplement will be filed with the SEC and will be available on the SEC’s website at: http://www.sec.gov. When available, copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from China International Capital Corporation Hong Kong Securities Limited, Email: [email protected], Credit Suisse (Hong Kong) Limited, Email: [email protected], or J.P. Morgan Securities (Asia Pacific) Limited, Email: [email protected].  

This press release shall not constitute an offer to sell or the solicitation of an offer or an invitation to buy any securities, nor shall there be any offer or sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. This press release does not constitute a prospectus (including as defined under the laws of Hong Kong) and potential investors should read the prospectus of the Company for detailed information about the Company and the proposed offering, before deciding whether or not to invest in the Company. This press release has not been reviewed or approved by the SEHK or the Securities and Futures Commission of Hong Kong.

The price of the Shares of the Company may be stabilized in accordance with the Securities and Futures (Price Stabilization) Rules. The details of the intended stabilization and how it will be regulated under the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong) have been contained in the prospectus of the Company dated June 2, 2020.

About NetEase, Inc.

As a leading internet technology company based in China, NetEase, Inc. (NASDAQ: NTES) is dedicated to providing premium online services centered around innovative and diverse content, community, communication and commerce. NetEase develops and operates some of China’s most popular mobile and PC-client games. In more recent years, NetEase has expanded into international markets including Japan and North America. In addition to its self-developed game content, NetEase partners with other leading game developers, such as Blizzard Entertainment and Mojang AB (a Microsoft subsidiary), to operate globally renowned games in China. NetEase’s other innovative service offerings include the intelligent learning services of its majority-controlled subsidiary, Youdao (NYSE: DAO); music streaming through its leading NetEase Cloud Music business; and its private label e-commerce platform, Yanxuan. For more information, please visit: http://ir.netease.com/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. Statements that are not historical facts, including statements about the offering and listing, the use of proceeds and the Company’s strategies and goals, are or contain forward-looking statements. 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. There can be no guarantee that the offering and listing will be completed as planned, or that the expected benefits from the offering and listing will be achieved. You should consider the risk factors included in the registration statement (including any documents incorporated by reference), prospectus and prospectus supplements that have been or will be filed with the SEC and the prospectus registered in Hong Kong. All information provided in this press release is as of the date of this press release and are based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact for Investors:
Margaret Shi
NetEase, Inc.
[email protected]
Tel: (+86) 571-8985-3378

Brandi Piacente
Investor Relations
[email protected]
Tel: (+1) 212-481-2050

Contact for Media:
Li Ruohan
NetEase, Inc.
[email protected]
Tel: (+86) 571-8985-2668

Alby Wan
Hill+Knowlton Strategies Asia
[email protected]
Tel: (+852) 2894-6267

Related Links :

http://ir.netease.com/

PR Newswire
Euro Tech Holdings Company Limited Reports 2019 Year-End Results

HONG KONG, June 6, 2020 /PRNewswire/ — Euro Tech Holdings Company Limited (Nasdaq: CLWT) today reported financial results for the 12-month period ended December 31, 2019 ("Fiscal 2019").

The Company’s revenues for Fiscal 2019 were approximately US$17,399,000, an approximate 13.5% decrease compared to approximately US$20,104,000 in the Company’s fiscal year ended December 31, 2018 ("Fiscal 2018"). Revenues from trading and manufacturing activities, and engineering activities decreased by US$1,893,000 and US$812,000, respectively.

Gross profits increased by 19.4% to approximately US$4,417,000 for Fiscal 2019 as compared to approximately US$3,699,000 for Fiscal 2018. The increase was primarily due to the drop in contracts of low profit margin.

Selling and administrative expenses increased by 2.1% to approximately US$4,853,000 for Fiscal 2019 as compared to approximately US$4,751,000 for Fiscal 2018 as a result of general inflation.

Operating loss decreased by 41.5% to approximately US$440,000 for Fiscal 2019 as compared to approximately US$1,059,000 for Fiscal 2018. This was primarily due to the increase in gross profits.

The profit contribution from the affiliates was approximately US$137,000 for Fiscal 2019, as compared to negative contribution of approximately (US$932,000) for Fiscal 2018.  The result for Fiscal 2018 included a loss contribution from Zhejiang Tianlan Environmental Protection Technology Co. Ltd. ("Blue Sky") of approximately (US$786,000) principally caused by a decrease in sales revenue as a result of the filing for bankruptcy liquidation of one of Blue Sky’s major customers.

The Company had net loss of approximately US$146,000 in Fiscal 2019, as compared to net income of approximately US$88,000 in Fiscal 2018. This was primarily due to there was a non-recurrent net gain on disposal of an affiliate of approximately US$1,522,000 in Fiscal 2018.

The Company’s operating results in Fiscal 2019 was adversely affected by the economic slowdown in China and Hong Kong resulting from the China-US escalating trade war and technology tensions, and the ongoing social unrest in Hong Kong. The outbreak of coronavirus since December 2019 also has further material adverse impact on the Company’s business, operating results and financial condition in year 2020.

The Company is still positive about the future Ballast Water Treatment Systems ("BWTS") business from port services and commercial ships. The development of the ballast water port solution prototype is now completed and under system and operation tests in various ports. The port solution system is a system installed in port to offer ballast water treatment services for ocean going ships without their own BWTS and for those with damaged BWTS. The Company is now embarking on promotion activities for port solution systems in China and South East Asia. The International Maritime Organization ("IMO") convention stipulates that type approval for revised G8 requirements must be obtained for all BWTS installed on or after October 28, 2020. To comply with these requirements, the Company is going to start the land based test for our BWTS to obtain such type approval certification in China.

About Blue Sky

Zhejiang Tianlan Environmental Protection Technology Co. Ltd., ("Blue Sky"),  found in 2000, is a fast growing company which provides a comprehensive service for design, general contract, equipment manufacturing, installation, testing and operation management of the treatment of waste gases emitted from various boilers and industrial furnaces of power plants, steel works and chemical plants. It has listed its shares on the New Third Board in the People’s Republic of China ("PRC") since November 17, 2015. The New Third Board is a national over-the-counter market in the PRC regulated by China Securities Regulatory Commission, and managed by the National Equities Exchange and Quotations, which serves as a platform for the sale of existing shares or directed share placements for small and medium-sized enterprises.

About BWTS

BWTS are an imminent requirement by The International Maritime Organization ("IMO") to prevent the biological unbalance caused by the estimated 12 billion tons of ballast water transported across the seas by ocean-going vessels when their ballast water tanks are emptied or refilled. In 2012, ballast water discharge standard became a law in the US. Any vessel constructed in December 2013 or later will need to comply when entering US waters, and existing vessels will follow shortly after. IMO’s Ballast Water Management Convention entered into force for new-built vessels on September 8, 2017 after ratification by 52 States, representing 35.1441% of world merchant shipping tonnage. In July 2017, IMO decided that the phase-in period for ballast water system retrofits started on 8 September 2019. 

The company obtained type approval certificate from China’s Classification Society for its 200, 300, 500, 750, 1200 and 1250 Cubic Meters per hour BWTS and Alternate Management Systems (‘AMS") acceptance for its full range BWTS in 2016.

About AMS

AMS acceptance by the U.S. Coast Guard is a temporary designation given to BWTS approved by a foreign administration. It enables BWTS to be used on vessels for a period of up to 5 years, while the treatment system undergoes approval testing to U.S. Coast Guard standards.

Forward Looking Statements

Certain statements in this news release regarding the Company’s expectations, estimates, present view of circumstances or events, and statements containing words such as estimates, anticipates, intends, or expects, or words of similar import, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company’s offices and operations situated in Hong Kong and China, doing business in China, competing with Chinese manufactured products, competing with the Company’s own suppliers, dependence on vendors, and lack of long term written agreements with suppliers and customers, development of new products, entering new markets, possible downturns in business conditions, increased competition, loss of significant customers, availability of qualified personnel, negotiating definitive agreements, new marketing efforts and the timely development of resources. See the "Risk Factor" discussions in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F for its fiscal year ended December 31, 2019.

CONDENSED STATEMENTS OF OPERATIONS

(Dollar amounts in US$ thousands, except share and per share data)

Year Ended December 31,

2019

2018

Revenues

17,399

20,104

Net (Loss) / Income Attributable to the
    Company

(146)

88

Net (Loss) / Income Per Ordinary Share –
    Basic

$(0.06)

$0.04

 

Weighted Average Number of

    Ordinary Shares Outstanding –Basic

 

 

2,301,993

 

 

2,061,909

SELECTED BALANCE SHEET DATA

As of December 31,

2019

2018

Cash and Cash Equivalents

5,991

5,267

Total Current Assets

12,010

13,533

Total Assets

22,213

23,065

Total Current Liabilities

6,660

7,520

Total Liabilities

6,876

7,520

Total Euro Tech Shareholders’ Equity

14,459

14,589

 

 

Related Links :

http://www.euro-tech.com

PR Newswire
Fang Announces ADS Ratio Change

BEIJING, June 6, 2020 /PRNewswire/ — Fang Holdings Limited (NYSE: SFUN) ("Fang" or the "Company"), a leading real estate Internet portal in China, today announced that the ratio of American depositary shares ("ADSs") representing its Class A ordinary shares is being amended from one (1) ADS representing one (1) Class A ordinary share to one (1) ADS representing ten (10) Class A ordinary shares, mainly in preparation for the pending spin-off of its internet businesses.

There will be no change to Fang’s Class A ordinary shares. Furthermore, no physical action by ADS holders will be required to effect the ratio change, as the change will be effected on the books of the depositary. The effect of the ratio change on the ADS trading price on New York Stock Exchange is expected to take place at the open of business on June 19, 2020 (U.S. Eastern Time). Any fractional ADSs will be sold and the net proceeds from the sale of fractional ADSs will be distributed to the holders entitled thereto.

As a result of the change in the ADS ratio, the ADS price is expected to increase proportionally, although Fang can give no assurance that the ADS price after the change in the ADS ratio will be equal to or greater than ten times the ADS price before the change.

About Fang

Fang operates a leading real estate Internet portal in China in terms of the number of page views and visitors to its websites. Through its websites, Fang provides primarily marketing, listing, leads generation and financial services for China’s fast-growing real estate and home furnishing and improvement sectors. Its user-friendly websites support active online communities and networks of users seeking information on, and other value-added services for, the real estate and home furnishing and improvement sectors in China. Fang currently maintains approximately 74 offices to focus on local market needs and its website and database contains real estate related content covering 665 cities in China. For more information about Fang, please visit http://ir.fang.com.

Safe Harbor Statements

This press 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. Such forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995.

These forward-looking statements can be identified by terminology such as "will," "expects," "is expected to," "anticipates," "aim," "future," "intends," "plans," "believes," "are likely to," "estimates," "may," "should" and similar expressions. 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 Fang’s control, which may cause its actual results, performance or achievements to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, without limitation, the impact of Fang’s business development strategies and the impact of current and future government policies affecting China’s real estate market. Further information regarding these and other risks, uncertainties or factors is included in Fang’s filings with the U.S. Securities and Exchange Commission. Fang does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

Related Links :

http://www.fang.com

PR Newswire
Arçelik Has Announced Its Sustainability Targets for 2030

ISTANBUL, June 5, 2020 /PRNewswire/ — Adopting sustainability as a business model with its "Respecting the World, Respected Worldwide" vision, Arçelik published its 12th Sustainability Report, announcing short, medium, and long-term targets towards 2030.

Arçelik CEO Hakan Bulgurlu
Arçelik CEO Hakan Bulgurlu

Arçelik CEO Hakan Bulgurlu spoke about the company’s 12th Sustainability Report, commenting, "A sustainable world is possible in the future with the steps we will take today. Our ‘In Touch Technology’ approach is based on this point of view. With our global reach, broad network of stakeholders, and our technologies that improve our planet, lives and business, we strive to be a part of the solution in tackling environmental and social problems. The COVID-19 outbreak has affected the whole world in a short period of time, and it has once again reminded us that our most important responsibility is to protect our environment, the ecosystem, biodiversity and natural resources. We believe that all companies will adopt sustainability as their business model after the pandemic. People will also encourage companies to take responsibility for environmental and social problems with their purchase decisions."

Energy and water consumption per product will decrease by 45%

Arçelik shared its solutions to combat the climate crisis and other environmental issues under the "In Touch with our Planet" section. By 2030, the company aims to establish 15 MW of renewable energy systems and reduce the energy consumption per product in its South Africa, Russia, Turkey, Romania, China, Thailand and Pakistan operations by 45% compared to the base year of 2015. In 2019, Arçelik reduced its energy consumption per product by 43.5% compared to 2010 in its Turkey, Romania, China, Russia, and South Africa operations. Now it aims to become a carbon-neutral company in its Turkish production plants by 2025 and reduce its water consumption per product by 45% by 2030 compared to the base year of 2015. The company also reached its 2020 targets by reducing its water consumption per product by 52% compared to the base year of 2012 in its Turkey, Romania, China, Russia, and South Africa operations.

The female manager ratio will increase to 30% by 2030

Under the "In Touch with Business" section, Arçelik explained its employee-oriented targets focusing on being a source of inspiration for its stakeholders, to begin with its supply chain and dealers. The company increased its female manager ratio to 18.6% in 2019 and now aims to raise it to 30% by 2030. Arçelik also aims to ensure that over 50% of its employees participate in a minimum of one volunteering activity per year.

Arçelik will help 80 million people gain awareness on healthy living

Through "In Touch with Human Needs" approach, Arçelik, with its Beko brand, aims to raise awareness amongst 80 million people about healthy living by 2030 with ongoing programmes to contribute to healthy, future generations. Arçelik also joins Grundig in the fight against food waste to raise awareness amongst 3.5 million people about responsible consumption and provide 1 million meals to 500,000 people by saving 1,200 tons of food.

The Industry Leader in Sustainability

Arçelik reinforced its leadership in national and global platforms with its sustainability efforts in 2019. Arçelik has been selected as the Industry Leader for the "Household Durables" category in the Dow Jones Sustainability Index (DJSI). The index represents the gold standard in corporate sustainability and ranks the largest companies based on their sustainability performances. Arçelik has been the first and only industrial company from Turkey to be included in the DJSI Emerging Markets category for three consecutive years.

Arçelik maintained its achievements by being listed in the Borsa Istanbul (BIST) Sustainability Index, MSCI Sustainability Index, and FTSE4Good Emerging Markets Index, and by receiving the Zero Waste Private Sector Award from the Republic of Turkey, Ministry of Environment and Urbanization.

Arçelik has received A- in the 2019 Climate Program of the Carbon Disclosure Project (CDP), the world’s most respected environmental initiative with its campaigns against climate change and became one of the Turkish companies to earn the highest score in this program. The company also received B in the CDP 2019 Water Program.

You can download Arçelik’s 2019 Sustainability Report here.

 

Arçelik 2019 Sustainability Report
Arçelik 2019 Sustainability Report

 

 

Related Links :

https://www.arcelikglobal.com

PR Newswire
2020 Q1: Huami Ranked the Top 5 in both Global Watch Shipment and Market Share[1]

With a Global Year-on-Year Growth of 80.2%, Huami Became the Market Leader in Indonesia, Italy, Spain and India.

SHENZHEN, China, June 5, 2020 /PRNewswire/ — Huami (NYSE: HMI) with its self-owned brand Amazfit, ranked the Top 5 in terms of global watch shipment and market share in the first quarter of 2020, according to data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. With a year-on-year growth of 80.2%, Huami greatly surpassed the overall growth rate of the adult watch market.

2020 Q1 Huami Ranked the Top 5 in both Global Watch Shipment and Market Share
2020 Q1 Huami Ranked the Top 5 in both Global Watch Shipment and Market Share

Despite challenging market conditions that have impacted the consumer electronics industry,

Huami ranked No,1 by market share (excluding kids’ products) in Indonesia, Italy, Spain and India. Furthermore, Huami takes a record 58% share in Indonesia; 38% share in Italy; 24% share in Spain; 23% share in India. Huami also entered the top five for the first time in the US, the world’s largest single watch market. Besides, Huami entered the top 3 by shipment (excluding kids’ products) in Thailand; the top 4 in Russis and the top 5 in Brazil, France, Germany, Poland and China[2].

Unaudited financial results for the first quarter ended March 31, 2020 showed that Huami revenues reached RMB1,088.5 million (US$153.7 million), representing an increase of 36.1% from the first quarter of 2019. Total units shipped reached 7.6 million, compared with 5.6 million in the first quarter of 2019.

[1] According to data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker

[2] According to data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker

Product review request
https://bit.ly/3f0psB3

Photo – https://photos.prnasia.com/prnh/20200605/2822683-1?lang=0

Related Links :

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PR Newswire
TradeUP offers users free level 2 market data powered by NYSE ArcaBook

NEW YORK, June 5, 2020 /PRNewswire/ — Zero-commission investing platform TradeUP announced today that it is offering Level 2 market data powered by NYSE ArcaBook for free. Users who open an account with TradeUP will receive free access to NYSE ArcaBook for 3 months. Users can get free access to NYSE ArcaBook for an additional 9 months if they can get 5 likes on their social media post.

Unlike Level 1 data, which shows the best bid and ask, Level 2 data provides a broader range of buy and sell orders for a given security on a real-time basis. NYSE ArcaBook provides the 40 best bid and ask prices as well as their order sizes for more than 8,000 U.S.-listed securities. The continuous feed of quotes gives users detailed insights into the price action, which can help them better determine the current buying and selling interest for a particular stock, as well as the likely future direction of the stock’s price. For easier comprehension, TradeUP also includes a depth chart to visualize the order book so that users can identify supply and demand at a glance.

"With NYSE ArcaBook, TradeUP’s users are able to gain a clearer view of market activity," said Ryan Song, director of TradeUP. "By displaying multiple bids and asks in real-time, Level 2 screens allow investors, especially active traders, to gauge trade signals with intraday pricing and volume. For instance, investors can have a better sense of market liquidity by looking at how quickly buy and sell orders replenish. "

Song added, "Level 2 market data is often offered as a premium subscription service by other ‘zero-commission’ trading platforms, which means users still have to pay for access. TradeUP, on the other hand, makes this free to average U.S. retail investors. At TradeUP, zero-commission does not mean fewer product or service offerings. Instead, our goal is to utterly remove the last remaining barriers to investing for everyone."

Launched in January 2020, TradeUP is a fintech-powered investing platform that quickly drew the attention of young investors due to its intuitive and sleek design. According to Song, TradeUP also plans to upgrade its data provision to provide extra depth to users. Users may access additional, in-depth information and features available on TradeUP from the Discover module such as the economic calendar, most active stocks, and customizable alerts.

Commissions Disclosure

Zero-fee or commission-free trading means $0 commission trading on self-directed individual cash or margin brokerage accounts that trade U.S. exchange-listed stocks and ETFs online. A $0.65 per contract fee applies to options trades. TradeUP also charges commission on Hong Kong stock trading. For more information, see our full pricing details: https://www.itradeup.com/pricing/commissions-us

Brokerage services in TradeUP are offered by Marsco Investment Corporation. Download TradeUP in the Apple App Store or Google Play for free. For more information, please visit TradeUP’s website: https://www.itradeup.com/

About Marsco Investment Corporation

Marsco Investment Corporation is a registered brokerage firm at SEC (CRD:18483; SEC: 8-36754), a member of FINRA/SIPC and a member of DTC/NSCC, regulated by the US Securities and Exchange Commission and Financial Industry Regulatory Authority.

Risk Disclosure:

All investments involve risk, including possible loss of principal. Past performance of a security, market, or financial product does not guarantee future results. Electronic trading poses unique risks to investors. System response and access times may vary due to market conditions, system performance, and other factors. Market volatility, volume, and system availability may delay account access and trade executions. The contents of this article shall not be considered a recommendation or solicitation for the purchase or sale of securities, futures or other investment products.

PR Newswire
Precious Rhodiola plants help China’s Tibetan people out of poverty

BEIJING, June 5, 2020 /PRNewswire/ — A video story presented by China.org.cn on China’s Tibetan people out of poverty by planting precious Rhodiola:

 

In 2015, Bama Chho Dzong, a resident of Tibet’s Shannanluo village, learned that a small, flowering plant-Rhodiola could help impoverished residents of the autonomous region improve their lives.

Rhodiola is a genus of precious perennial plants that are used in traditional Chinese medicine. After China’s Tibet began accepting tourists, demand increased sharply.

In 2015, Shanghai Inoherb Cosmetics Co., Ltd., the Tibet Academy of Agriculture and Animal Husbandry Sciences and the Qizheng Tibetan Medicine Group established Rhodiola cultivation bases, which made it possible for impoverished people like Bama to return to their hometown and begin working there. During the past three years, three Rhodiola cultivation bases were established.

The first Rhodiola cultivation base was established in Luo village and 60,000 Rhodiola seedlings were planted in 2016. Members of 48 households in the area began engaging in irrigation, weed and pest control, and pruning work at the site.

The second Rhodiola cultivation base was established in Suozhu township, Naidong district and 20,000 Rhodiola seedlings were planted in 2018. The staff compared seedlings that grew from seeds with those that were the results of seed culture projects, grew the plants in various soil environments and have continued to explore various cultivation techniques.

In 2019, the third Rhodiola cultivation base was established in the Shigatse Red River Valley National Agricultural Science and Technology Demonstration Zone and a model involving "gardens + enterprises + farmers and herders" was created and implemented.

The plants that the bases grow currently have a survival rate of more than 80 percent. The results that have been achieved have motivated more and more people to participate in the cultivation of plants used in TCM and the management of the bases. Inoherb pays a management fee based on the survival rate that is attained and bonuses are awarded for high rates which helps to stimulate impoverished people’s intrinsic motivation to escape from poverty.

"We have been growing Rhodiola plants for three years. Our hard work has paid off and our cultivation techniques have been improving. Rhodiola cultivation benefits Tibet’s residents, so more and more people are becoming interested in participating in the industry. We also hope that our techniques can be further promoted," said Bama Dorje YudonYuthok, Rhodiola tissue culture expert from Tibet Academy of Agricultural and Animal Husbandry Sciences.

Precious Rhodiola plants help China’s Tibetan people out of poverty
http://p.china.org.cn/2020-06/02/content_76119066.htm

 

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