Category Archives: PR Newswire

PR Newswire

ND Market: From Namdaemun Market in Korea to Amazon, a global retailer and wholesaler

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SEOUL, South Korea, Aug. 30, 2023 /PRNewswire/ — ND Market, operating as a wholesale and retail platform, represents a pioneering startup dedicated to the digitization of the largest wholesale market in Korea – the Namdaemun Market. Drawing a daily crowd of 400,000, Namdaemun Market uniquely caters to a wide array of categories, which include accessories, children’s wear, pet supplies, and homeware.

ND Market
ND Market

Through ND Market, wholesale and retail traders can access over 10,000 wholesalers via website and app, without having to visit them in person. Platform services include customer management, order processing, secure payment, and efficient delivery. By digitizing wholesale and retail activities, Namdaemun merchants have been able to prioritize product development.

Significantly, it provided a new opportunity for the Namdaemun wholesale market, which was directly affected by COVID-19. Five businesses achieved cumulative sales in excess of 100 million won (USD 77,000) last year. Furthermore, with 60% of Namdaemun market transactions attributed to overseas exports, ND Market’s impressive performance has both boosted its domestic market and expanded its international reach.

ND Market consolidates products from different suppliers into one shipping box. This allows retailers to individually place delivery requests with various wholesalers, resulting in a cost-efficient alternative to accumulating separate delivery charges. Further, the product itself can be delivered directly to the end consumer through packaging, quality assessment, and consignment delivery services, resulting in a significant reduction in delivery time.

ND Market also offers a unique service by operating its own professional photography studio for the purpose of capturing images of wholesalers’ products. As a result of this strategic offering, wholesalers now have access to a comprehensive digital catalog of products with high-quality visuals. For retailers, the inconvenience of purchasing individual samples and photographing them one by one can now be eliminated.

ND Market’s CEO, Yang Seung-woo, emphasized, “We are not content with merely being a transactional bridge between wholesalers and retailers. We have examined what wholesalers and retailers genuinely require and have successfully implemented it.”

He presented a new perspective, stating, “Our vision now entails venturing into the global wholesale (B2B) market as the Amazon.”

NDmarket participates in “SEASONS Hong Kong: Fashion Jewellery & Accessories Fair” held in Hong Kong. The event takes place at the Hong Kong Convention and Exhibition Centre (HKCEC) from September 20th to 24th for four days.

PR Newswire

CGTN：”The Art Beat” Season II- Eight Artists Offer Fresh Takes on the China Story

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BEIJING, Aug. 30, 2023 /PRNewswire/ — The Art Beat Season II premiered on CGTN television and various social media platforms on August 21. Each of its eight episodes focuses on the life and work of a different leading contemporary Chinese artist. Produced in multiple languages, it describes how their art tells China’s story from a cultural perspective.


Through an examination of their personal philosophies and their original paintings, performances and writings, the series reveals how, emboldened by the inspiration and strength they have gained from Chinese traditions, each artist has embraced innovation and taken his or her chosen art form into new areas of exploration.

Renowned artist Wu Yueshi believes that the essence of Chinese painting is found in the spiritual aspect of the whole. Only through deep cultivation is it possible to master subtlety of expression and gradually gain an insight into the profound and vast realm of Chinese art.

“Read, then paint” is the motto of Liu Wanming, an artist who is committed to depicting nature in the spirit of traditional Chinese painting. His love of reading, he says, has enabled him to bring an additional dimension of ancient charm to his paintings of the scenery of his hometown.

As an artist constantly seeking innovation, Shi Qi proposes the concept of “Three Forms in One”. The duality of representation and abstraction, he says, is incomplete. Rather, the trio of representation, impression and abstraction offer a fuller picture, defining both life and artistic creation.

“Art is a lifestyle that makes me happy,” says He Jialin, a painting master with a wide range of artistic interests. He believes in cultivating patriotism through his work and promoting traditional Chinese culture. In recent years, he has visited many ancient villages in China, determined to preserve the fading cultural heritage of these communities.

Ballet dancer Feng Ying’s career has been defined by a relentless pursuit of excellence and artistic expression. Persistent and dauntless, she has overcome various difficulties and ascended to the very pinnacle of her profession. Today, as the director of the National Ballet of China, she remains as committed as ever to her art.

“Audiences should be glued to their seats, listening intently to your every word,” says pingshu artist Tian Lianyuan. On stage, he uses just three everyday objects as props to tell his story – a fan, a wooden block and a handkerchief. Yet he manages to conjure “a life story, a historical drama” in which the audience become immersed in thousands of years of history and vast landscapes populated by vivid characters.

As the youngest recipient of the Mao Dun Literature Prize，Alai says he was destined to write. As a writer, he keenly evokes moments of excitement, confusion and pain without ever losing his sense of contemplation. “Humans are both the starting point and the destination,” he says.

“Using broad strokes and big ink blocks to bring a three-dimensional effect to the paper,” has been the defining approach of Zhou Jingxin. In 1995, he debuted a series of paintings that introduced a brand new style: “Ink Sculpture”. He firmly believes that traditional Chinese painting is consistent with the concept of three-dimensionality.

PR Newswire

Starbox Group Holdings Ltd. Announces First Half of Fiscal Year 2023 Financial Results

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Revenue and Net Profit Increased to $4.0 Million and $1.4 Million Respectively (Basic Earnings of $0.03 Per Share) with Technology-Driven Services Revenue Accounting for Approximately 43.8% of its Revenue

KUALA LUMPUR, Malaysia, Aug. 29, 2023 /PRNewswire/ — Starbox Group Holdings Ltd. (Nasdaq: STBX) (“Starbox” or the “Company”), a service provider of cash rebates, digital advertising, and payment solutions with a goal of becoming a comprehensive AI solutions provider within Southeast Asia, today announced its unaudited financial results for the six months ended March 31, 2023.

Mr. Lee Choon Wooi, Chairman and Chief Executive Officer of Starbox, commented, “We are excited about the results we have accomplished for the first half of fiscal year 2023, where we saw robust growth across almost every key financial metric. Our revenue and net income grew for the first half of fiscal year 2023, demonstrating the fruition of our earlier investments in technology and successful execution of our strategic initiatives, namely new technology-driven services revenue via licensing and/or sale of our technologies. Moving forward, we expect to channel our efforts into continuous technological innovation as we believe technology such as artificial intelligence will be one of our key drivers for revenue growth for the foreseeable future. We plan to keep investing in our artificial intelligence-generated content (AIGC) engine, which we believe will revolutionize how people visualize ideas and provide invaluable tools for businesses across industries. We aim to disrupt the industry with our applications of AI technologies, thereby solidifying our market position, and generating long-term value for our shareholders.”

First Half of Fiscal Year 2023 Financial Highlights

  • Total revenue was $4.0 million for the six months ended March 31, 2023, an increase of 36.1% from $2.9 million for the same period of last year.
  • Income from operations was $2.0 million for the six months ended March 31, 2023, an increase of 3.1% from $1.9 million for the same period of last year.
  • Net income was $1.4 million for the six months ended March 31, 2023, an increase of 8.6% from $1.3 million for the same period of last year.

First Half of Fiscal Year 2023 Operational Highlights

  • Number of advertisers was 22 during the six months ended March 31, 2023, compared to 42 during the six months ended March 31, 2022.
  • Number of members on the GETBATS website and mobile app was 2,518,023 as of March 31, 2023, compared to 2,513,658 as of September 30, 2022.
  • Number of merchants on the GETBATS website and mobile app was 832 as of March 31, 2023, compared to 820 as of September 30, 2022.
  • Number of transactions facilitated through GETBATS website and mobile app was 161,306 during the six months ended March 31, 2023, compared to 188,718 during the six months ended March 31, 2022.

First Half 2023 Financial Results

Revenue

Total revenue was $4.0 million for the six months ended March 31, 2023, an increase of 36.1% from $2.9 million for the same period of last year. The increase in revenue was primarily due to increases in the revenue from our newly established software licensing service segment.

  • Revenue from digital advertising service was $2.2 million for the six months ended March 31, 2023, which decreased by 23.7% from $2.9 million for the same period of last year. The decrease was due to decreases in the number of advertisers for our services in the six months ended March 31, 2023.
  • Revenue from software licensing was $1.7 million for the six months ended March 31, 2023. The Company did not have revenue from software licensing for the same period of last year. On March 24, 2023, the Company’s wholly owned subsidiary, Starbox Technologies Sdn. Bhd., entered into a software licensing agreement with Brandavision Sdn Bhd, a Malaysia company (“Brandavision”). The Company will develop a comprehensive data management system for Brandavision, grant them the access to its vast database, help train the staff of Brandavision with respect to its use and provide continuous technical support.
  • Revenue from cash rebate services was $10,621 for the six months ended March 31, 2023, which increased by 91.3% from $5,552 for the same period of last year. The increase was primarily due to an increase in the average cash rebate commission rate earned by the Company for the six months ended March 31, 2023 as compared to the six months ended March 31, 2022.
  • Revenue from payment solution services was $4,303 for the six months ended March 31, 2023, which decreased by 20.0% from $5,379 for the same period of last year.

Operating Cost

Operating costs were $2.0 million for the six months ended March 31, 2023, which increased by 99.0% from $1.0 million for the same period of last year. The increase was primarily due to the following reasons:

  • Salary and employee benefit expenses were $318,750 for the six months ended March 31, 2023, which increased by $122,846 from $195,904 for the same period of last year, primarily due to an increase in the number of employees from 17 for the six months ended March 31, 2022 to 25 for the six months ended March 31, 2023, in order to handle the increase in business activities associated with the Company’s digital advertising services, cash rebate services, and the newly expanded business in software licensing services.
  • Marketing and promotional expenses were $209,564 for the six months ended March 31, 2023, which increased by $104,756 from $104,808 for the same period of last year, as a result of our increased marketing efforts to develop new merchants and advertisers for our services.
  • License costs were $30,000 for the six months ended March 31, 2023, which increased by $4,941 from $25,059 for the same period of last year.
  • Website and facility maintenance expenses were $147,345 for the six months ended March 31, 2023, which increased by $97,620 from $49,725 for the same period of last year, primarily because the Company incurred more costs to optimize and upgrade its IT system related to rebate calculation and AI calculation engine.
  • Utility and office expenses were $251,563 million for the six months ended March 31, 2023, which increased by $194,784 from $56,779 for the same period of last year, primarily due to increased office insurance expenses and increased office supply expenses resulting from an increased number of staff.
  • Depreciation and amortization expenses were $193,662 for the six months ended March 31, 2023, which increased by $149,515, from $44,147 for the same period of last year, mainly due to increased amortization of intangible assets.
  • Business travel and entertainment expenses were $71,479 for the six months ended March 31, 2023, which increased by $53,957 from $17,522 for the same period of last year, due to the Company’s increased efforts to expand its business operations into local and neighboring countries.
  • Others were $344,633 for the six months ended March 31, 2023, which increased by $304,175 from $40,458 for the same period of last year, primally due to (i) increased trademark expenses by $69,990 and (ii) increased bonus by $176,635.

Provision for Income Taxes

Provision for income taxes was $0.6 million for the six months ended March 31, 2023, which decreased by 5.4% from $0.7 million for the same period of last year.

Net Income

Net income was $1.4 million for the six months ended March 31, 2023, which increased by $0.1 million from $1.3 million for the same period of last year.

Basic Earnings per Share

Basic earnings per share was $0.03 for the six months ended March 31, 2023, compared to basic and diluted earnings per share of $0.03 for the same period of last year.

Balance Sheet

As of March 31, 2023, the Company had cash of $0.9 million, compared to $17.8 million as of September 30, 2022.

Cash Flow

Net cash used in operating activities was $12.1 million for the six months ended March 31, 2023, compared to net cash provided by operating activities of $1.5 million for the same period of last year.

Net cash used in investing activities was $17.9 million for the six months ended March 31, 2023, compared to $0.6 million for the same period of last year.

Net cash provided by financing activities was $11.8 million for the six months ended March 31, 2023, compared to net cash used in financing activities of $0.8 million for the same period of last year.

About Starbox Group Holdings Ltd.

Headquartered in Malaysia, Starbox Group Holdings Ltd. is a technology-driven, rapidly growing company with innovation as its focus. Starbox is aiming to be a comprehensive AI solutions provider within Southeast Asia and also engages in building a cash rebate, digital advertising, and payment solution business ecosystem targeting micro, small, and medium enterprises that lack the bandwidth to develop an in-house data management system for effective marketing. The Company connects retail merchants with retail shoppers to facilitate transactions through cash rebates offered by retail merchants on its GETBATS website and mobile app. The Company provides digital advertising services to advertisers through its SEEBATS website and mobile app, GETBATS website and mobile app and social media. The Company also provides payment solution services to merchants. For more information, please visit the Company’s website: https://ir.starboxholdings.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Starbox Group Holdings Ltd.

Investor Relations
Department Email:
ir@starboxholdings.com

Ascent Investors Relations LLC

Tina Xiao
Phone: +1 917-609-0333
Email: tina.xiao@ascent-ir.com

STARBOX GROUP HOLDINGS LTD AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

As of

March 31, 2023

As of

September 30,
2022

(Unaudited)

ASSETS

CURRENT ASSETS

Cash and equivalents

$

864,392

$

17,778,895

Accounts receivable, net

4,986,688

2,032,717

Prepaid income tax

552,094

–

Prepayments

14,448,012

4,269,611

Due from related parties

1,682

1,473

Total current assets

20,852,868

24,082,696

NON-CURRENT ASSETS

Property and equipment, net

21,941

13,380

Intangible assets, net

18,824,416

903,768

Right-of-use assets, net

36,511

42,574

Total non-current assets

18,882,868

959,722

TOTAL ASSETS

$

39,735,736

$

25,042,418

LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES

Taxes payable

$

395,772

$

1,404,128

Deferred revenue

368,066

–

Accrued liabilities and other current liabilities

348,627

541,050

Operating lease liabilities, current

17,052

15,833

Due to related parties

1,409

7,361

Total current liabilities

1,130,926

1,968,372

NON-CURRENT LIABILITIES

Deferred tax liabilities, net

318,603

–

Operating lease liabilities, non-current

19,459

26,741

Total non-current liabilities

338,062

26,741

TOTAL LIABILITIES

1,468,988

1,995,113

COMMITMENT AND CONTINGENCY

SHAREHOLDERS’ EQUITY

Preferred shares, par value $0.001125, 5,000,000 shares
authorized, no shares issued and outstanding

–

–

Ordinary shares, par value $0.001125, 883,000,000 shares
authorized, 54,375,000 shares and 45,375,000 shares issued and
outstanding as of March 31, 2023 and September 30, 2022,
respectively

61,172

51,047

Additional paid in capital

30,674,988

18,918,303

Accumulated other comprehensive income (loss)

1,481,084

(607,052)

Retained earnings

6,049,504

4,685,007

Total shareholders’ equity

38,266,748

23,047,305

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

39,735,736

$

25,042,418

STARBOX GROUP HOLDINGS LTD AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND

COMPREHENSIVE INCOME

SIX MONTHS ENDED MARCH 31,

2023

2022

Operating revenue

Revenue from cash rebate services

$

10,621

$

5,552

Revenue from digital advertising services

2,220,794

2,911,482

Revenue from payment solution services

4,303

5,379

Revenue from software licensing

1,740,472

–

Total operating revenue

3,976,190

2,922,413

Operating expenses

Selling, general, and administrative expenses

1,996,892

1,003,373

Total operating expenses

1,996,892

1,003,373

Income from operations

1,979,298

1,919,040

Other income, net

Interest income

7,757

–

Other income, net

5,163

203

Total other income, net

12,920

203

Income before income tax

1,992,218

1,919,243

Income tax expenses

627,721

663,224

Net income

$

1,364,497

$

1,256,019

Other Comprehensive income

Foreign currency translation gain (loss)

2,088,136

(9,188)

Total Comprehensive income

$

3,452,633

$

1,246,831

Net income per share – basic

$

0.03

$

0.03

Weighted average number of common shares outstanding – basic

53,089,286

40,000,000

STARBOX GROUP HOLDINGS LTD AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR SIX MONTHS ENDED MARCH
31,

2023

2022

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income

$

1,364,497

$

1,256,019

Adjustments to reconcile net income to cash provided by (used in)
operating activities:

Disposal of fixed assets

2,928

–

Depreciation and amortization

253,662

69,147

Amortization of right-of-use operating lease assets

9,111

42,974

Change in deferred tax

313,963

–

Changes in operating assets / liabilities:

Accounts receivable

(2,809,804)

(1,326,333)

Prepaid income tax

(544,054)

–

Prepaid expenses and other current assets

(9,621,687)

(63,935)

Deferred revenue

362,706

579,355

Taxes payable

(1,063,540)

834,895

Operating lease liabilities

(9,111)

(42,974)

Accrued expenses and other current liabilities

(407,590)

177,101

Net cash provided by (used in) operating activities

(12,148,919)

1,526,249

CASH FLOWS FROM INVESTING ACTIVITIES:

Purchase of fixed assets

(13,183)

(5,011)

Purchase of intangible assets

(17,864,000)

(626,420)

Net cash used in investing activities

(17,877,183)

(631,431)

CASH FLOWS FROM FINANCING ACTIVITIES:

Deferred initial public offering costs

–

(423,994)

Proceeds from equity financing

11,766,810

–

Increase in due from related party

(134)

–

Repayment of related party borrowings

(6,232)

(398,422)

Net cash provided by (used in) financing activities

11,760,444

(822,416)

EFFECT OF EXCHANGE RATE CHANGES ON CASH

1,351,155

(8,955)

NET INCREASE (DECREASE) IN CASH & EQUIVALENTS

(16,914,503)

63,447

CASH & EQUIVALENTS, BEGINNING OF PERIOD

17,778,895

2,295,277

CASH & EQUIVALENTS, END OF PERIOD

864,392

2,358,724

Supplemental Cash Flow Data:

Income tax paid

$

2,011,188

$

–

Interest paid

$

–

$

–

Source: Starbox Group Holdings Ltd.

PR Newswire

Eddid Financial Forges Strategic Alliance with Finnet and MPay (0156.MY) to Explore Fintech Opportunities in Indonesia

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HONG KONG, Aug. 29, 2023 /PRNewswire/ — Eddid Financial (“Eddid” or the “Group”), an all-encompassing financial group centered around fintech, is pleased to announce a strategic partnership with PT Finnet Indonesia (“Finnet”) and ManagePay Systems Berhad (“MPay”, 0156.MY), two prominent fintech companies in Indonesia and Malaysia, respectively. The three parties signed a Memorandum of Understanding (MOU) to form a tripartite collaboration to explore financial innovations in Indonesia.

As part of this partnership, the three parties will collaborate on various initiatives, combining their expertise and resources to develop innovative fintech solutions and expand their presence in the Indonesian market. The collaboration aims to establish a joint venture in Indonesia as a vehicle to implement the partnership’s goals and further commercial arrangements.

Finnet is a subsidiary of PT Telkom Indonesia (TLK.NYSE), a state-owned information and communications technology enterprise and the largest telecommunications network in Indonesia. As a renowned fintech services provider, Finnet offers a wide array of services in Indonesia, such as remittance, digital payments, electronic money, QRIS payments.

MPay, a listed company in Malaysia, is a provider of end-to-end electronic payment solutions for banks and financial institutions, with over two decades of experience. Over the years, it has expanded its offerings to include P2P lending, micro lending, project financing, P2P Remittance, cross-border remittance, merchant acquiring, and e-Wallet & Mastercard prepaid card issuer in Malaysia.

The MOU reflects a shared commitment to enhancing fintech solutions and expanding reach in the rapidly growing Indonesian market. Significant prospects in Indonesia’s fintech landscape can be tapped by utilizing the combined strengths of each of the parties.

This latest alliance is a milestone addition to the Group’s diversified portfolio of strategic partnerships in the Southeast Asian region. With a proven track record of successful collaborations, including associations with MPay in Malaysia, the online trading platform Anfin in Vietnam, and OCBC Sekuritas, a subsidiary of OCBC Bank in Indonesia, Eddid Financial reaffirms its dedication to augmenting its presence in this fast-paced, evolving market. This persistent effort positions the Group at the vanguard of this dynamic progression, paving the way for future growth opportunities.

About Eddid Financial
Anchored in Hong Kong, Eddid Financial is an all-encompassing financial group centered around fintech and dedicated to integrating cutting-edge artificial intelligence technologies and other latest technologies into its enterprise DNA.  The diversified businesses of Eddid Financial range from retail to institutional and include but are not limited to fintech, internet finance, wealth management, asset management, investment banking, and virtual assets. Eddid Financial is committed to providing one-stop financial services and products to customers through high-quality investment solutions. Members of the Group hold a variety of licenses and memberships across key financial markets, including Hong Kong and the United States. These include Hong Kong Securities and Futures Commission (SFC) regulated activities (“RA”) licenses for types 1, 2, 3, 4, 5, 6, and 9; SEHK and HKCC participant (OTP-C broker number: 0974 and 0977), Insurance Broker Company license; Trust or Company Service Provider License in Hong Kong; as well as approved membership with the National Futures Association (NFA) in the United States and registered broker dealer of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

For further information on Eddid Financial, please visit www.eddid.com.hk.

PR Newswire

Canadian Solar EP Cube Achieves LUMA Certification in Puerto Rico, Reinforces Commitment to a Sustainable Future

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SAN JUAN, Puerto Rico, Aug. 29, 2023 /PRNewswire/ — Canadian Solar announces the attainment of LUMA certification in Puerto Rico for the EP Cube, a vertically-developed residential storage system. This recognition from LUMA, the private operator managing transmission and distribution requirements of the electric grid in Puerto Rico, solidifies EP Cube’s role as a reliable contributor to the region’s energy sector. It also highlights the company’s active involvement in promoting a greener and more sustainable energy future.

EP Cube, recently introduced in Puerto Rico, brings homeowners a consistent power supply. It alleviates concerns about grid instability, including outages due to bad weather or utility blackouts. Installers love how easy it is to install the EP Cube system. Luquillo Felix Marquez, a local end-user in Puerto Rico, says, “The EP Cube offers flexible sizing from 9.9 – 19.9 kWh so I can customize the system to the need of my family. Plus, it’s fast and easy to install.”

EP Cube is available to homeowners and installers in Puerto Rico who want to take advantage of the recently announced solar incentive program from the Puerto Rico Department of Housing. The program offers grants to eligible homeowners and installers to support their installation of renewable energy.

“Earning LUMA certification is a significant achievement that reflects our unwavering commitment to a sustainable future in Puerto Rico,” says Andy Yin, the General Manager of Eternalplanet, an independent brand under Canadian Solar that designed and developed EP Cube. “We are thrilled to contribute to the region’s renewable energy transition and collaborate with partners like LUMA Energy to make a positive impact on the local energy landscape. This certification reaffirms our dedication to Puerto Rico’s energy goals and sustainability.”

The attainment of LUMA certification highlights Canadian Solar and Eternalplant’s resolute commitment to Puerto Rico’s energy landscape.

About Eternalplanet

Eternalplanet is a consumer-oriented independent brand of energy technology under Canadian Solar, with independent design, R&D, manufacturing and global service capabilities. Eternalplanet always adheres to scientific and technological innovation and is committed to providing energy solutions for people and promoting the sustainable development of the world. In September 2022, Eternalplanet launched the first self-designed-and-developed residential energy storage system in the United States – EP Cube. EP Cube adopts industry-leading technologies to provide all-round power backup for every household, with higher safety performance and more flexible capacity expansion. More information on the company can be found at https://epcube.com.

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 22 years, Canadian Solar has successfully delivered around 94 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 8.8 GWp in over 20 countries across the world. Currently, the Company has approximately 609 MWp of projects in operation, 6.9 GWp of projects under construction or in backlog (late-stage), and an additional 17.7 GWp of projects in advanced and early-stage pipeline. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit https://www.canadiansolar.com.

Eternalplanet Contacts

Mimosa Kan
Business Development
+86 135 1087 0501
mimosa.kan@eternal-planet.com 

Eli Hu
Public Relations
+86 137 5825 8975
eli.hu@eternal-planet.com 

Canadian Solar Inc. Investor Relations Contacts

Isabel Zhang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com

David Pasquale
Global IR Partners
914-337-8801
csiq@globalirpartners.com 

PR Newswire

Quhuo to Report Unaudited Financial Results for First Half of 2023 on August 31, 2023

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BEIJING, Aug. 28, 2023 /PRNewswire/ — Quhuo Limited (NASDAQ: QH) (“Quhuo,” the “Company,” “we” or “our”), a leading gig economy platform focusing on life services in China, today announced that it will report unaudited financial results for the first half of 2023 before the open of the U.S. markets on Thursday, August 31, 2023.

The Company’s management will hold a conference call on Thursday, August 31, 2023, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong time on the same day) to discuss the unaudited financial results.

For participants who wish to join the call using dial-in numbers, please preregister online prior to the call to receive the dial-in details.

Conference Call Preregistration

Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10033320-jh3e5r.html. Once preregistration has been completed, participants will receive the dial-in numbers, a Passcode, and a unique access PIN. The conference ID is 10033320. To join the conference, please dial the number you receive, enter the passcode followed by your PIN, and you will be joined to the conference instantly.

Once preregistration has been completed, participants will receive 
A live and archived conference call webcast will also be available at the Company’s investor relations website at https://ir.quhuo.cn/.

A replay will be accessible after the conclusion of the conference call through September 6, 2023 by dialing the following numbers:

United States:

1855 883 1031

China Domestic:

400 1209 216

Hong Kong:

800 930 639

Replay PIN: :

10033320

ABOUT QUHUO LIMITED

Quhuo Limited (NASDAQ: QH) (“Quhuo” or the “Company”) is a leading gig economy platform focusing on local life services in China. Leveraging Quhuo+, its proprietary technology infrastructure, Quhuo is dedicated to empowering and linking workers and local life service providers and providing end-to-end operation solutions for the life service market. The Company currently provides multiple industry-tailored operational solutions, primarily including on-demand delivery solutions, mobility service solutions, housekeeping and accommodation solutions, and other services, meeting the living needs of hundreds of millions of families in the communities.

With the vision of promoting employment, stabilizing income and empowering entrepreneurship, Quhuo explores multiple scenarios to promote employment of workers, provides, among others, safety and security and vocational training to protect workers, and helps workers plan their career development paths to realize their self-worth.

PR Newswire

NetEase Games Held the “2023 Games Unbounded” Conference in Cologne, Germany

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COLOGNE, Germany, Aug. 28, 2023 /PRNewswire/ — The “2023 Games Unbounded” NetEase Games Conference was held in Koelnmesse, Cologne on August 23rd. At the conference, NetEase Games announced updates to its International Business Plan for NARAKA: BLADEPOINT and Where Winds Meet, and invited industry veterans to discuss the current landscape and to consider potential opportunities and challenges both current and future.

There have been many high-quality titles produced by Chinese developers coming to the fore in recent years. As a leading global developer and publisher with multiple local studios, NetEase Games continues to embrace brilliant game creators both in China and around the world. NetEase Games has empowered several game developers to create titles with traditional cultural background settings and elements. NARAKA: BLADEPOINT and Where Winds Meet are two such titles that have received great global attention. These titles were both showcased at the conference.

Senior marketing director of NARAKA: BLADEPOINT, Riten Huang introduced some of the game’s achievements including global e-sports tournaments. He also announced the official launch of the 2023 World Championship. The Qualifying rounds will take place in six major regions worldwide in October, with the finals to be held in China in December.

Senior Marketing Director of NARAKA: BLADEPOINT, Riten Huang
Senior Marketing Director of NARAKA: BLADEPOINT, Riten Huang

The lead producer of Where Winds Meet from Everstone Studio, shared the latest design of in-game buildings and architecture based on actual Northern Song Dynasty historical sites and documentaries. The Wuxia-style setting, narrative, skills, and combat combine to express the unique concept of Chinese martial arts. A co-research and co-creation project to enhance player experience is also in progress. The producer further revealed the game’s co-testing schedule with the developers in Montreal, Canada in September.

Cord Eberspaecher, Former German Director, of the Confucius Institute at Dusseldorf and Heinz Hermanns, President, Interfilm Berlin discussing Where Winds Meet
Cord Eberspaecher, Former German Director, of the Confucius Institute at Dusseldorf and Heinz Hermanns, President, Interfilm Berlin discussing Where Winds Meet

About NetEase Games

NetEase Games, the online games division of NetEase, Inc. (NASDAQ: NTES and HKEX:9999), is a leading global developer and publisher of video game IP across a variety of genres and platforms. NetEase Games’ development and publishing slate include titles such as Harry Potter: Magic Awakened, Knives Out, and Naraka: Bladepoint, and partnerships with major entertainment brands such as Warner Bros and Mojang AB (a Microsoft subsidiary). NetEase Games also supports the growth and development of its innovative global studios in Canada, Europe, Japan and the United States. For more information, please visit https://www.neteasegames.com/

PR Newswire

Yeahka Approved an Amount of US$100 Million Share Repurchase Plan

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Demonstrating Long-term Confidence of Yeahka’s Business Prospects

HONG KONG, Aug. 27, 2023 /PRNewswire/ — The Board of Yeahka Limited (“Yeahka” or the “Company,” Stock Code: 9923.HK) is pleased to approve an additional amount of US$100 million for on-market share repurchase and RSU share purchase (the “Share Repurchase Plan“), illustrating strong confidence of the company’s business long-term prospects.

As disclosed in the Company’s results announcement dated August 24, 2023, the Company has achieved solid growth as its businesses benefited from the recovery in domestic consumption. In particular:

  • Total gross payment volume (GPV) of one-stop payment services reached RMB1,419.2 billion, increased 33.5% year-on-year;
  • Total gross merchandise value (GMV) of in-store e-commerce services exceeded RMB2.4 billion, increased 78.9% year-on-year;
  • Total revenue reached RMB2,062.2 million, increased 25.6% year-on-year. Revenue from one-stop payment services increased by 44.3% to RMB1,835.3 million；
  • Adjusted EBITDA reached RMB290.9 million, increased 317.4% year-on-year.

With a solid growth of all business lines, the Company maintains a strong cash flow and finance the Share Repurchase Plan, demonstrating the confidence in the company’s long-term value and commitment to creating value for shareholders.

About YEAHKA LIMITED (Stock Code: 9923.HK)
Yeahka is a leading payment-based technology platform dedicated to creating value for merchants and consumers. Our goal is to build an independent and scalable commercial digitalized ecosystem to enable seamless, convenient, and reliable payment services to merchants and consumers, and to further expand into serving merchants and consumers with our diversified product portfolio, which now includes (i) in-store e-commerce services, providing consumers with local lifestyle services of great value, and (ii) merchant solutions, enabling merchants to better manage and drive business growth.

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

PR Newswire

Unlocking the Latest Trends in Fashion Jewelry: Are You Up to Date?

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YIWU, China, Aug. 25, 2023 /PRNewswire/ — Fashion jewelry, a time-tested Yiwu export, has once again delivered impressive results this summer.

Fashion jewelry
Fashion jewelry

Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. Popular search terms such as “hair clips,” “necklaces,” “earrings,” and “bracelets” have consistently remained within the top 20 rankings for several months, according to Yiwugo’s data. From May 1, 2023 to August 23, 2023, transaction volumes for “bracelets” and “necklaces” have demonstrated remarkable growth compared to the same period in the previous year. The “bracelets” category has experienced an impressive surge of approximately 30.8 times, while “necklaces” have seen a growth of around 23.6 times. Additionally, the “earrings” category has witnessed a substantial increase of approximately 15 folds. Furthermore, orders for “hair clips” have surged by 49.2% in comparison to the same period last year, with the transaction volume nearly quadrupling from the previous year. Through visits to several well-established jewelry merchants boasting over two decades of experience, it becomes apparent that their achievements are a result of the combined efforts of the Yiwugo platform’s promotional strategies and the unwavering dedication of the merchants.

Top Selling for Three Months: Dreamcatcher Ornaments

Yuan Bangyun is no stranger to the phenomenon of soaring orders. With nearly two decades of experience in jewelry design, manufacturing, and sales, Manxiuni Jewelry has positioned itself as a trusted brand. Through the consistent introduction of novel and innovative products on a daily basis, Yuan Bangyun showcases a steadfast dedication to offering customers an ever-evolving array of choices.

During the peak sales season, Yuan Bangyun’s Enterprise store on Yiwugo unveils more than 100 new products every month, accompanied by an even wider selection of items accessible to customers through offline channels.

In May, Manxiuni Jewelry introduced the Dreamcatcher collection of fashion accessories, which garnered favorable feedback from domestic e-commerce customer groups. Notably, a specific pair of earrings has remained consistently in high demand, with daily orders for over 500 sets for the past three months. Yuan Bangyun commented that this is just a taste of a minor hit item.

The quality of exported jewelry hinges on an effective plating process. Yuan Bangyun noted that the current level of plating technology and its associated costs have increased approximately four times compared to previous years. The continuous refinement of craftmanship has fostered high customer loyalty among the company’s overseas clients.

For almost 8 consecutive years, a loyal customer from Russia has been ordering the same classic pair of earrings from Yuan Bangyun. The monthly order value has consistently stayed at around $10,000, with orders coming in regularly and payments being made promptly, even during times of conflict. This enduring partnership can be attributed to the continuous enhancement of the company’s product quality over the years.

Awakening Love for Beauty: Dominance of Dopamine Color Scheme and Barbie Pink

Wan Chengying’s venture, Yangqin Accessory Firm, specializes in hair clips, hairbands, and related products, with nearly 80% of its business concentrated in foreign trade. The company has launched over 300 new products this summer, with themed collections particularly designed for popular trends both in the domestic and international markets. These products have been distributed through innovative fast-moving consumer goods channels, encompassing e-commerce platforms and other emerging distributors. With dopamine-inspired color schemes and Barbie pink as the flagship, it captured and deeply resonated with women’s innate craving for beauty.

In early July this year, the company unveiled a collection of dopamine-colored hair clips, which generated over 200,000 RMB in domestic market orders within a month. Taking inspiration from the success of the movie “Barbie”, Wan Chengying also introduced a line of premium Barbie pink alloy products. The use of premium materials perfectly encapsulates the sophisticated allure of high-saturation pink. Currently, many customers from South Korea, as well as the domestic market, have shown tremendous interest in these products.

To Wan Chengying’s astonishment, this summer has witnessed a notable influx of new buyers who are specifically seeking purchases from Yiwugo. These intermediaries, who now handle daily order placements, have become larger in number. Despite of the buyers’ scales, they are highly active—a trend that was unseen in past years.

Allergy-Free Earrings: A Global Craze

Chen Xiyue, the owner of Jenny Jewelry, has a rather distinct experience. Quite a few overseas customers reached out to her via video calls through Yiwugo to confirm her store details before making online orders. An African customer from Botswana placed an initial order worth several thousand yuan through Yiwugo. This buyer has since placed two more repeat orders, each amounting to tens of thousands of yuan. Currently, they have fostered a strong partnership with a deepened sense of trust.

A diverse array of hypoallergenic earrings, crafted by Jenny Jewelry, caters to a broad age spectrum. Since their debut two years ago, these earrings have achieved impressive success, evolving from online popularity to offline demand. They have garnered significant acclaim and are sought-after by customers from both home and abroad. These earrings have successfully secured shelf space in supermarkets across various countries and regions, including South America and Dubai, where they maintain robust and consistent sales.

PR Newswire

Infinix Debuts ZERO 30 SERIES at the Italian Pavilion in Venice, Europe’s Premier Film Forum to Pioneer UHD Vlogging

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VENICE, Italy, Aug. 25, 2023 /PRNewswire/ — Infinix collaborates in organizing the panel session “New Image, New Lifestile | Cinema in the New Media, Capture Your Own Story” organized on September 1st at the Italian Pavilion in Venice, on the occasion of the Venice International Film Festival. The collaboration celebrates the increasing synergy between advances in smartphone technology and art of storytelling and filmmaking. Centered around the launch of the latest Infinix ZERO smartphone, the partnership is the first of its kind, uniting two brands dedicated to the creation of incredible stories that resonate across global boundaries.

Capture Your Own Story
Capture Your Own Story

Traditional Cinema Meets Next-Gen Vlogging

From classic cinema to social media posts, Infinix is proving that technology has the power to enable more engaging storytelling than ever before. By partnering with the Italian Pavilion FOR THE SESSION NEW IMAGE NEW LIFESTYLE | CINEMA IN THE NEW MEDIA TIME, CAPTURE YOUR OWN SORY on September 1st, one of the most respected institutions in global cinema, Infinix is pushing the boundaries of filmmaking to recognize the importance of storytelling through smartphone video, and the art of vlogging.

Young people today place greater emphasis on their personal lives and the ability to share experiences with others. This desire for self-expression is mirrored in the content that they create, and a new inclination to explore the art of storytelling and the creation of compelling narratives that are quickly becoming the cinema of today on new platforms including social media.

Infinix ZERO 30 SERIES Global Launch

The Infinix ZERO Series is an example of how Infinix empowers young people with first-in-class technology, creating powerful and attainably priced products that challenge convention, and break with tradition. The latest model in the Infinix ZERO smartphone series, takes front camera photography to new places, allowing users to be part of a new era of imaging and storytelling. 

During the Italian Pavilion Forum ” New Image, New Lifestile. Cinema in the New Media, Capture Your Own Story”, Infinix will unveil the latest edition to the Infinix ZERO smartphone series. In front of an audience of world leading tech, lifestyle and photography vloggers, Infinix CMO Lake Hu will outline the brand’s vision of smartphone development, introducing the ‘Story On’ concept.

The new Infinix ZERO series smartphone will then be unveiled on stage by Infinix India CEO, Anish Kapoor. Attendees will also be shown an exclusive documentary created by Infinix fans, demonstrating the incredible potential of smartphones for professional, cinematic-style filmmaking. 

‘Capture Our Own Story’ – Mobile Vlog Awards of Infinix

The ‘Capture Your Own Story’ Mobile Vlog Awards will also be launched on the occasion of the Venice International Film Festival. The contest encourages young creators worldwide to harness the advanced video capabilities of Infinix smartphones to capture life uniquely, crafting short film videos that reflect their individual perspectives. Infinix invites vloggers of all types, and backgrounds to contribute to the evolution of mobile imaging, creating a space for youthful creativity and inspiration to thrive.

Infinix Shines On the Occasion of the 80th Venice Film Festival

The partnership between Infinix and the Italian Pavilion Forum ” New Image, New Lifestile. Cinema in the New Media, Capture Your Own Story” sets a new precedent in collaborative branding, uniting to set in motion a transition to a world where we can all become masters of cinematic creativity and self-expression. 

Infinix’s pursuit of technological innovation puts disruptive, next-generation technology in the hands of young people everywhere. Venice is the perfect stage upon which new and innovative filmmaking and vlogging can be experienced, celebrated and better understood. Infinix aims to contribute to shaping the future of filmmaking, vlogging, and the development of upcoming directors and cinematographers.

About Infinix

Infinix Mobility is a rapidly emerging technology brand that designs, manufactures and markets an expanding portfolio of smart devices worldwide under the Infinix brand, which was founded in 2013. Targeting today’s youth with first in class technology, Infinix creates trendy, powerful and attainably priced smart devices that bring the latest technology on the market to users around the world at a time when they need it at a price that they want.

For more information, please visit: http://www.infinixmobility.com/