Category Archives: PR Newswire

High quality, free from the fear of travel test – AIMA electric vehicles from China are loved by consumers

August 25, 2023 TechENT Syndication Leave a comment

TIANJIN, China, Aug. 25, 2023 /PRNewswire/ — Recently, AIMA Technology, an electric two-wheeler brand from China, strengthened its global market layout. As the world’s largest electric two-wheeler production base, China’s exports of electric two-wheelers are favored by more and more consumers. As one of China’s electric two-wheeled vehicle head enterprises, AIMA electric vehicle has a good performance in different global markets such as China, North America, Europe and Southeast Asia.

The reason why AIMA electric vehicles can be loved by users around the world is inseparable from its excellent quality and excellent performance. In the electric two-wheeler industry for more than 20 years, Emma has always adhered to customer-oriented and quality first. At the production end, AIMA uses advanced intelligent technology to improve the production quality of each link. The product, from a little thing such as a screw to a whole vehicle, must go through the strict test and verification of the laboratory.

While striving for excellence and maintaining high quality, AIMA has empowered new electric vehicles such as Dollar, Mini Bear, Sweetie, Sweetie Plus through the core strength of the three-power system composed of core motor, electronic control and battery applications and innovative technology, which brings users a fast startup, sufficient power and long battery life experience.

Beginning with the needs of users, taking fashion as the base and science and technology as the principle, we continue to create a good quality vehicle with love for global users. AIMA electric vehicle is polishing the Chinese brand name card with the quality of excellence, so that more consumers fall in love with Chinese electric two-wheelers and enjoy the fun of free travel.

PR Newswire

Focusing on High-performance Advanced Packaging and Global Layout, JCET Achieved Quarter-on-Quarter Growth in Q2 2023

August 25, 2023 TechENT Syndication Leave a comment

Q2 2023 Financial Highlights:

Revenue was RMB 6.31 billion, an increase of 7.7% quarter-on-quarter.
Generated RMB 1.19 billion cash from operations. With net capex investments of RMB 0.75 billion, free cash flow for the quarter was RMB 0.44 billion.
Net profit was RMB 0.39 billion, an increase of 250.8% quarter-on-quarter.
Earnings per share was RMB 0.22, as compared to RMB 0.39 in Q2 2022.

1H 2023 Financial Highlights:

Revenue was RMB 12.17 billion.
Generated RMB 2.42 billion cash from operations. With net capex investments of RMB 1.56 billion, free cash flow for the first half of 2023 was RMB 0.86 billion.
Net profit was RMB 0.5 billion.
Earnings per share was RMB 0.28, as compared to RMB 0.87 in 1H 2022.

SHANGHAI, Aug. 25, 2023 /PRNewswire/ — Today, JCET Group (SSE: 600584), a leading global provider of integrated circuit (IC) back-end manufacturing and technology services, announced its financial results for the first half year of 2023. The financial report shows that in the first half of 2023, JCET achieved revenue of RMB 12.17 billion, and net profit of RMB 0.5 billion. In Q2 2023 JCET achieved revenue of RMB 6.31 billion, an increase of 7.7% quarter-on-quarter, and net profit of RMB 0.39 billion, an increase of 250.8% quarter-on-quarter.

In the first half of 2023, the global semiconductor industry was in the fluctuating stage of bottoming out and rebounding. JCET adhered to high-performance advanced packaging technologies and product development mechanism, focusing on solutions for emerging applications such as high performance computing and storage, enhanced strategic layout of production capacity, and further strengthened its market position in the global IC industry.

JCET continues to enhance its technological innovation, with R&D investment of RMB 0.67 billion in the first half of this year, a year-on-year increase of 5.0%. The company’s multi-dimensional fan-out heterogeneous integration solution XDFOI™ for 2.5D/3D packaging achieved HVM, providing high-performance chiplet package solutions and production capacity for global customers. In collaboration with multiple customers in the field of high-density SiP technology, JCET has achieved the development and mass production of multiple RFFE modules and AiP modules in the 5G millimeter-wave market. The company is intensifying its market exploration in sectors such as automotive electronics, industrial electronics, and high-performance computing. During the reporting period, revenue from automotive electronics achieved a year-on-year growth of 130%. The company has established a subsidiary with controlling stake in the Lingang New Area of Shanghai, reinforcing its strategic capacity layout in the field of automotive electronics.

In addition, the company has optimized various operational expenses and asset structures, maintaining a stable cash flow capability. It has achieved positive free cash flow for 15 consecutive quarters.

While pursuing its own development, JCET actively engages in philanthropic efforts, contributing to society in areas such as health and environmental protection, disaster relief during floods, and science popularization initiatives.

Mr. Li Zheng, CEO of JCET, said, “JCET has always centered its focus on customers, and achieved quarter-on-quarter growth in performance for the second quarter of this year. Looking ahead, the direction of high-performance advanced packaging technology driving the innovation of the IC industry has become increasingly clear. JCET remains committed to achieving high-quality development through professional and international management, and will continue to create value for investors and the IC industry.”

For more information, please refer to the JCET 1H FY2023 Report.

About JCET Group

JCET Group is the world’s leading integrated-circuit manufacturing and technology services provider, offering a full range of turnkey services that include semiconductor package integration design and characterization, R&D, wafer probe, wafer bumping, package assembly, final test and drop shipment to vendors around the world.

Our comprehensive portfolio covers a wide spectrum of semiconductor applications such as mobile, communication, compute, consumer, automotive and industry etc., through advanced wafer level packaging, 2.5D/3D, System-in-Packaging, and reliable flip chip and wire bonding technologies. JCET Group has two R&D centers in China and Korea, six manufacturing locations in China, Korea and Singapore, and sales centers around the world, providing close technology collaboration and efficient supply-chain manufacturing to customers in China and around the world.

CONSOLIDATED BALANCE SHEET (Unaudited)		RMB in millions

	Jun 30, 2023		Dec 31, 2022
ASSETS
Current assets
Currency funds	5,352		2,459
Trading financial assets	2,006		4,316
Derivative financial assets	0		18
Accounts receivable	3,545		3,689
Receivables financing	105		59
Prepayments	127		110
Other receivables	63		61
Inventories	3,003		3,152
Other current assets	251		279
Total current assets	14,452		14,143
Non-current assets
Long-term receivables	41		40
Long-term equity investments	744		765
Other equity investments	456		440
Investment properties	87		89
Fixed assets	19,574		19,517
Construction in progress	710		807
Right-of-use assets	567		578
Intangible assets	483		483
Goodwill	2,293		2,210
Long-term prepaid expenses	22		28
Deferred tax assets	274		247
Other non-current assets	106		61
Total non-current assets	25,357		25,265
Total assets	39,809		39,408

LIABILITIES AND EQUITY	Jun 30, 2023		Dec 31, 2022
Current liabilities
Short-term borrowings	1,211		1,174
Derivative financial liabilities	2		0
Notes payable	215		339
Accounts payable	4,603		4,634
Contract liabilities	273		214
Employee benefits payable	689		984
Taxes and surcharges payable	158		210
Other payables	396		378
Current portion of long-term liabilities	2,857		3,096
Other current liabilities	4		4
Total current liabilities	10,408		11,033
Non-current liabilities
Long-term borrowings	3,013		2,721
Lease liabilities	549		562
Long-term employee benefits payable	11		14
Deferred income	362		340
Deferred tax liabilities	14		40
Other non-current liabilities	41		55
Total non-current liabilities	3,990		3,732
Total liabilities	14,398		14,765
Equity
Paid-in capital	1,787		1,780
Capital reserves	15,265		15,080
Accumulated other comprehensive income	750		400
Specialized reserves	2		0
Surplus reserves	229		229
Unappropriated profit	7,292		7,154
Total equity attributable to owners of the parent	25,325		24,643
Minority shareholders	86		0
Total equity	25,411		24,643
Total liabilities and equity	39,809		39,408

CONSOLIDATED INCOME STATEMENT (Unaudited)			RMB in millions, except share data

	Three months ended		Six months ended
	Jun 30, 2023	Jun 30, 2022	Jun 30, 2023	Jun 30, 2022
Revenue	6,313	7,455	12,173	15,594
Less: Cost of sales	5,359	6,107	10,525	12,706
Taxes and surcharges	27	27	47	43
Selling expenses	51	48	100	97
Administrative expenses	175	236	347	494
Research and development expenses	360	315	669	638
Finance expenses	(7)	(8)	51	15
Including: Interest expenses	68	49	131	92
Interest income	27	9	35	16
Add: Other income	40	26	73	83
Investment income / (loss)	(24)	28	(21)	40
Including: Income / (loss) from investments in associates and joint ventures	(10)	(2)	(21)	(7)
Gain / (loss) on changes in fair value of financial assets/liabilities	37	(17)	46	(14)
Credit impairment (loss is expressed by “-“)	(6)	2	(1)	(5)
Asset impairment (loss is expressed by “-“)	(5)	(65)	0	(64)
Gain / (loss) on disposal of assets	13	9	16	23
Operating profit / (loss)	403	713	547	1,664
Add: Non-operating income	2	1	3	6
Less: Non-operating expenses	0	1	4	1
Profit / (loss) before income taxes	405	713	546	1,669
Less: Income tax expenses	19	31	50	126
Net profit / (loss)	386	682	496	1,543
Classified by continuity of operations
Profit / (loss) from continuing operations	386	682	496	1,543
Classified by ownership
Net profit / (loss) attributable to owners of the parent	386	682	496	1,543
Net profit / (loss) attributable to minority shareholders	0	0	0	0
Add: Unappropriated profit at beginning of period	7,264	5,196	7,154	4,335
Less: Cash dividends declared	358	356	358	356
Unappropriated profit at end of period (attributable to owners of the parent）	7,292	5,522	7,292	5,522
Other comprehensive income, net of tax	481	419	350	386
Comprehensive income attributable to owners of the parent	481	419	350	386
Comprehensive income not be reclassified to profit or loss	6	0	17	0
Remeasurement gains or losses of a defined benefit plan	0	0	1	0
Change in the fair value of other equity investments	6	0	16	0
Comprehensive income to be reclassified to profit or loss	475	419	333	386
Comprehensive income using the equity method that may be reclassified to profit or loss	0	(7)	0	(7)
Cash flow hedge reserve	0	(13)	0	(18)
Exchange differences of foreign currency financial statements	475	439	333	411
Total comprehensive income	867	1,101	846	1,929
Including:
Total comprehensive income attributable to owners of the parent	867	1,101	846	1,929
Total comprehensive income attributable to minority shareholders	0	0	0	0
Earnings per share
Basic earnings per share	0.22	0.39	0.28	0.87
Diluted earnings per share	0.22	0.39	0.28	0.87

CONSOLIDATED CASH FLOW STATEMENT (Unaudited)				RMB in millions

	Three months ended		Six months ended
	Jun 30, 2023	Jun 30, 2022	Jun 30, 2023	Jun 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from the sale of goods and the rendering of services	6,178	8,184	13,162	16,999
Receipts of taxes and surcharges refunds	122	32	216	147
Other cash receipts relating to operating activities	110	62	163	132
Total cash inflows from operating activities	6,410	8,278	13,541	17,278
Cash payments for goods and services	4,069	5,766	8,454	11,612
Cash payments to and on behalf of employees	878	1,060	2,072	2,309
Payments of all types of taxes and surcharges	254	314	466	501
Other cash payments relating to operating activities	22	93	128	171
Total cash outflows from operating activities	5,223	7,233	11,120	14,593
Net cash flows from operating activities	1,187	1,045	2,421	2,685
CASH FLOWS FROM INVESTING ACTIVITIES
Cash receipts from returns of investments	4,350	4,160	8,280	5,160
Cash receipts from investment income	38	32	52	38
Net cash receipts from disposal of fixed assets, intangible assets and other long-term assets	7	8	32	34
Net cash receipts from disposal of subsidiaries and other business units	0	(1)	0	27
Total cash inflows from investing activities	4,395	4,199	8,364	5,259
Cash payments to acquire fixed assets, intangible assets and other long-term assets	749	651	1,588	1,550
Cash payments for investments	3,200	4,310	5,980	5,960
Total cash outflows from investing activities	3,949	4,961	7,568	7,510
Net cash flows from investing activities	446	(762)	796	(2,251)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash proceeds from investments by others	230	0	230	0
Including: Cash receipts from capital contributions from minority shareholders of subsidiaries	86	0	86	0
Cash receipts from borrowings	1,317	985	1,664	1,515
Total cash inflows from financing activities	1,547	985	1,894	1,515
Cash repayments for debts	755	988	1,740	1,734
Cash payments for distribution of dividends or profit and interest expenses	414	49	467	90
Other cash payments relating to financing activities	16	446	48	589
Total cash outflows from financing activities	1,185	1,483	2,255	2,413
Net cash flows from financing activities	362	(498)	(361)	(898)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	45	59	37	57
NET INCREASE IN CASH AND CASH EQUIVALENTS	2,040	(156)	2,893	(407)
Add: Cash and cash equivalents at beginning of period	3,306	2,512	2,453	2,763
CASH AND CASH EQUIVALENTS AT END OF PERIOD	5,346	2,356	5,346	2,356

PR Newswire

Antelope Enterprise Pre-Announces 1H 2023 Revenue of $42.8 Million, a Projected 168% Year-Over-Year Increase

August 25, 2023 TechENT Syndication Leave a comment

AEHL On Track to Surpass Full-Year Revenue Guidance & Achieve Profitability

CHENGDU, China, Aug. 25, 2023 /PRNewswire/ — Antelope Enterprise Holdings Limited (NASDAQ Capital Market: AEHL) (“Antelope Enterprise”, “AEHL” or the “Company”), the operator of KylinCloud, a premier livestreaming e-commerce platform that leverages a network of over 400,000 hosts and influencers across China, today pre-announced its revenue for the first six months of its fiscal year ended June 30, 2023. The Company estimates that it will achieve approximately $42.0 million in revenue for the first half of 2023; this represents growth of 167.5% compared to $15.7 million in revenue that it recorded for the same period of 2022.

Antelope Enterprise’s projected first half revenue represents 65.6% of the Company’s full-year guidance of $64 million issued on May 25, 2023. Given the Company’s expected strong performance in the first half of the year, Antelope Enterprise believes that it will exceed its full year revenue guidance.

In addition, Antelope Enterprise affirms its forecast to achieve profitability for the full fiscal year 2023. The Company’s believes that its strong financial growth highlights the power of its innovative business model that optimizes the use of social media and livestreaming to uniquely engage China’s vast online consumer marketplace.

Antelope Enterprise CEO Will Zhang commented, “Our first half 2023 financial results clearly validates the strength of our business model and the value that we provide to both our consumer brand partners and influencers. The projected 168% revenue growth over the first half of fiscal 2022 serves as a powerful indicator of the effectiveness of our livestreaming ecommerce platform, KylinCloud, in this rapidly growing market.”

CEO Will Zhang continued, “We not only facilitate meaningful connections between consumer brands and influencers, but also enhance profitability for our partners and provide immense value to our consumers. Given our expected impressive performance in the first half of the year, we are confident that we will not only meet but exceed our annual revenue guidance while achieving profitability for the full year 2023.”

About Antelope Enterprise Holdings Limited

Antelope Enterprise Holdings Limited holds a 51% ownership position in Hainan Kylin Cloud Services Technology Co., Ltd (“KylinCloud”), which operates a livestreaming ecommerce platform in China with access 400,000+ hosts and influencers.

For more information, please visit our website at http://www.aehl-kylin.com/, or follow the Company on Twitter at https://twitter.com/aehl_ltd. To receive the Company’s public announcements, please email investor@aehltd.com.

Safe Harbor Statement

Certain of the statements made in this press release are “forward-looking statements” within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this press release include, without limitation, the continued stable macroeconomic environment in the PRC, the PRC technology sectors continuing to exhibit sound long-term fundamentals, and our ability to continue to grow our business management, information system consulting, and livestreaming ecommerce business. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “could,” “intend,” “target” and other similar words and expressions of the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2022 and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Source: Antelope Enterprise Holdings Ltd.

PR Newswire

Dowsure Signs multi-million-dollar Asset-Backed Loan with HSBC

August 25, 2023 TechENT Syndication Leave a comment

SHENZHEN, China, Aug. 25, 2023 /PRNewswire/ — Dowsure as a pioneer of digital API platforms for cross-border e-commerce, today announced that it has received a multi-million-dollar Asset-Backed Loan from HSBC. The transaction follows the strategic investment made by HSBC Ventures in July 2023.

HSBC acted as the sole Arranger, Original Lender, Facility Agent, Security Agent & Account Bank for Dowsure’s debut revolving asset-backed loan facility (“ABL”). The facility was provided to Hong Kong Credit Services Limited (“HKCSL”), a wholly owned subsidiary of Dowsure in Hong Kong. This is the inaugural ABL facility in the cross-border e-commerce sector under HSBC’s New Economy Fund and will support Dowsure’s offshore business growth aspirations.

HSBC customised an asset-backed structure for Dowsure, backed by loan receivables originated by HKCSL to cross-border sellers on the designated e-commerce platform. The facility is fully committed at closing, but also allows for flexible drawdowns to align with the company’s portfolio growth strategy, as well as maximising the cash utilisation efficiency.

Byron Pei, Founder and CEO of Dowsure Technologies, said, “The innovatively structured ABL from HSBC will enable Dowsure to provide support for more SMEs engaged in cross-border e-commerce exports. This will be beneficial to participants in the cross-border e-commerce industry, regardless of sellers, service providers, or cross-border e-commerce platforms, who will benefit from the development capital provided under this program. Through the abundant funds provided by large international banks, combined with Dowsure’s insights and innovation capabilities, it will help the industry to achieve faster and better development. This collaboration further enhances and reinforces the partnership between HSBC and Dowsure. Meanwhile, it means a new breakthrough in Dowsure’s financing model, and we appreciate HSBC’s support sincerely.”

Thomas Elliott, Managing Director, Head of Client Coverage, Commercial Banking, Hong Kong, HSBC, said, “HSBC has helped Dowsure raise debt financing through a bespoke, structured solution, focusing on high-quality financial assets originated by HKCSL, to provide flexibility and enable the high-speed development of Dowsure’s business offshore. Alongside a strategic investment recently concluded by HSBC Ventures, the ABL facility provides Dowsure with additional capital to grow its loan portfolio and further its support for e-commerce merchants across Greater China.”

Dowsure, as the leading global API platform for cross-border e-commerce, has cooperated with banks to launch digital financial products through advanced models and algorithms to provide cross-border e-commerce sellers with faster, more convenient, and safer funding solutions. Over the years of delving into the cross-border industry, Dowsure has accumulated multi-dimensional capabilities in cross-border scenarios, system fulfillment, and risk control technology. Dowsure has invested millions of funds in supply chain finance platform research and development. Currently, it has reached cooperation with Amazon, eBay, Meta, Shopee and other platforms.

Dowsure has realized the whole path tracking of sellers’ capital chain with its exclusive technology, effectively reduced the default rate, and has helped many banks and financial institutions to expand new business scenarios. Dowsure has provided new lending business scenarios for more than ten banks and other financial institutions, successfully served more than 20,000 cross-border sellers, helped sellers finance more than RMB 3 billion, and boosted sellers’ sales to more than 45 billion.

About Dowsure Technologies

Dowsure Technologies, as a leading global digital API platform for cross-border e-commerce, was established in 2016. Through API technology and advanced models and algorithms, it collaborates with banks to launch digital financial products, providing faster, more convenient, and secure funding solutions for cross-border e-commerce sellers. With years of experience in the cross-border industry, Dowsure has accumulated multidimensional capabilities in understanding cross-border scenarios, system implementation, and product innovation. Dowsure has established partnerships with platforms such as Amazon, eBay, Meta, and Shopee and has helped banks and financial institutions expand into new business scenarios. Currently, Dowsure has provided new loan business scenarios for over ten banks and financial institutions, serving over 20,000 cross-border e-commerce sellers, helping sellers receive financing exceeding 3.5 billion RMB, and achieving sales exceeding 45 billion RMB.

Source: Dowsure Technology Ltd.

PR Newswire

Sendbird Adds AI-Powered SmartAssistant to Salesforce Connector for Fast and Personalized Support Interactions

August 25, 2023 TechENT Syndication Leave a comment

Latest offering elevates customer experiences with customizable conversational AI chatbot integration

SAN MATEO, Calif., Aug. 25, 2023 /PRNewswire/ — Sendbird, the communications API platform powering 4,000 apps and 300 Million monthly users, today announced that its enterprise Salesforce Connector has entered General Availability (GA), delivering efficiency-driving enhancements for customer service teams. This release adds a host of new features, including the Sendbird SmartAssistant, a first-of-its-kind, conversational AI solution. As part of Sendbird’s leading communications platform, Salesforce Connector empowers any business to extend Salesforce Service Cloud capabilities to deliver an exceptional live chat support experience to customers. Now, with Sendbird SmartAssistant, a customizable, no-code generative AI chatbot is readily available to integrate into companies’ support workflows. Conversations become richer and more rewarding directly within an organization’s mobile app.

Salesforce Connector provides superior chat capabilities, such as rich media attachments, image moderation, webhooks, and a customizable end-user experience that can be tailored to companies’ specific needs. With integration of the AI chatbot, SmartAssistant, Sendbird now provides even more high-quality responses to support queries. Whether it’s answering frequently asked questions or troubleshooting product issues, SmartAssistant for Salesforce Connector ensures helpful and human-like responses throughout the customer support journey.

Sendbird’s cutting-edge generative AI solution enables users to leverage high-value first-party data for support interactions. Users can now easily create AI knowledge chatbots without the need for OpenAI credentials. This can provide personalized and human-like chatbot conversations to quickly meet customer needs while improving agent efficiency.

The new integration builds upon and extends Salesforce Connector’s Summarize feature. What was tested conceptually through the beta period is now an essential, valuable part of the Salesforce Connector tool. Summarize is powered by ChatGPT and enables agents to get a comprehensive summary of an entire support chat conversation with a customer in an instant; agents no longer need to read the conversation from the very start to provide the best, immediate support for their users.

In addition to SmartAssistant and Summarize, Sendbird also incorporated new Moderation capabilities. Organizations can moderate message content and users from the convenience of a single dashboard. With the supported filters and moderation methods, they can determine the level of suitability of language, images, and other content for their applications using Salesforce Connector. Users also benefit from Auto-Translation, in which Salesforce Connector translates received messages into an agent’s preferred language within the case chat.

“Salesforce Connector changes the game for customer support,” said Sendbird CEO and Co-founder John S. Kim. “Agents have all the tools and answers they need right at their fingertips to solve even the most complex problems with ease. And with SmartAssistant, agents can help more customers than ever before with new levels of personalization and efficiency.”

With Sendbird Salesforce Connector, organizations get an out-of-the-box solution with seamless, near-instant integration compared to other chat solutions that can take weeks. This translates to faster time to value. Additionally, as a cloud-based solution, the tool is persistently updated with no interruption to the user experience and no management demands on teams.

To learn more about how Sendbird Salesforce Connector with SmartAssistant enables effortless query resolution, personalized interactions, enhanced agent productivity, seamless integration, and more, go to https://sendbird.com/products/salesforce-connector.

About Sendbird

Sendbird, a member company of Born2Global Centre, believes conversations are at the heart of building relationships and getting things done. The company’s global conversations platform powers over 7 billion mobile messages and interactions monthly. Industry leaders like Carousell, Traveloka, RedDoorz, Tiket, Rakuten, Viki, AirAsia, TADA, RuangGuru, Ralali, Reddit, and Paytm build with Sendbird chat, voice, video, and livestream APIs to create a differentiated user experience that improves customer retention, conversion, and satisfaction.

Headquartered in California in additions to its APAC operations in South Korea, Japan, Singapore, India, Sendbird is venture-backed by ICONIQ Growth, STEADFAST Capital Ventures, Tiger Global Management, Meritech Capital, Emergence Capital, Shasta Ventures, August Capital, Funders Club, World Innovation Lab, and Y Combinator.

PR Newswire

Khadas Introduces Mind Series to Deliver a Next-Gen Portable Computing Experience with an Innovative Ecosystem

August 24, 2023 TechENT Syndication Leave a comment

Khadas Mind is now available to order via a Kickstarter crowdfunding campaign.

SHENZHEN, China, Aug. 24, 2023 /PRNewswire/ — Khadas, an emerging technology company that designs and manufactures cutting-edge computing and electronic devices, today announces the launch of a Kickstarter crowdfunding campaign for their next-generation portable-computer series, the Khadas Mind Portable Workstation. The company is also developing a versatile ecosystem of peripherals for the Khadas Mind, that is based upon its proprietary Mind Link interface.

Khadas Mind Family

Building upon Khadas’ ongoing momentum in the realm of ARM-based PCs and consumer electronics, this revolutionary lineup aims to redefine the portable computing experience by offering a truly versatile, flexible, and powerful multidimensional computing solution. With the Khadas Mind Portable Workstation and its ecosystem, we seek to unlock a new era of productivity, providing users the ability to seamlessly transition between various computing modes using the same computer, all whilst delivering uncompromising performance.

Early backers can save up to USD 300 when ordering the Khadas Mind with Intel Core i7-1360P, 32GB RAM and 1TB SSD at a special price of USD 799 during the crowdfunding campaign before it becomes available for sale online in select e-commerce platforms at a retail price of USD 1099.

Unparalleled Portability and Flexibility

Khadas Mind is designed to maximise portability with its compact and lightweight form-factor. Weighing only 0.99lbs and measuring a quarter the size of an A4 sheet of paper, Khadas Mind is significantly smaller than a regular laptop, making it convenient to carry in your pocket or handbag.

To take its flexibility to yet another level, Khadas Mind integrates a 5.55Wh standby battery that allows up to 5 hours of sleep, providing a unique advantage over regular Mini PCs. With Mind, you can safely disconnect the device from a power source without needing to shut it down, allowing for uninterrupted usage. When plugged back into power, Mind automatically wakes up, minimising downtime and maximising productivity. Enjoy the convenience of seamless transitions and uninterrupted workflows with Khadas Mind.

Uncompromised Performance

Despite its compact size, Khadas Mind is designed with advanced components that ensure a powerful and lag-free experience whilst multitasking or handling compute-intensive office tasks.

Featuring a high-performance 13th Generation Intel Core i7-1360P processor, Khadas Mind delivers exceptional processing power for demanding applications. The processor is designed with the Intel 7 process, and has 12 cores and 16 threads, reaching a peak frequency of 5.00 GHz. The integrated Intel Iris Xe Graphics achieves a dynamic frequency of up to 1.5GHz, whilst maintaining excellent power efficiency due to its low-power architecture. Mind supports up to 32GB of dual-channel memory with a maximum memory bandwidth of 89.6 GB/s, ensuring remarkable multitasking performance; users can seamlessly switch between various tasks without experiencing any lag. In addition, Khadas Mind includes an internal M.2 NVMe PCIe 4.0 2230 SSD (512GB/1TB), with an additional PCIe 3.0 M.2 2230 SSD slot for storage expansion and lightning-fast access speeds.

To ensure optimal performance from all these components, the Khadas Mind employs a remarkably effective heat dissipation system featuring VC liquid cooling, pure copper cooling fins, and a cooling fan based on magnetic levitation. Even when under 100% load, the CPU temperature maintains itself below 80°C, whilst the area around the exhaust vent on the casing remains at a cool 40°C.

With all these advanced components packed into its compact form, Khadas Mind is an ideal choice for professionals and gamers seeking powerful computing capabilities in a portable form factor.

Extensive Versatility

Khadas Mind goes beyond being a standalone device limited to specific computing tasks. It is a versatile device with a modular design that can adapt to your diverse needs, thanks to its unique capability of docking with various external peripherals through its high-speed, high-bandwidth Mind Link interface.

The Mind Link interface is a 122-pin multi-purpose socket connector that supports USB 3.2 Gen2, HDMI 2.1, PCIe 5.0, and provides a reliable 10A power supply with up to 10,000 re-plug cycles. This enables Khadas Mind to seamlessly integrate with other devices within the Khadas Mind ecosystem, including but not limited to the Mind Dock, Mind Graphics, Mind xPlay, and more.

The Mind Dock is a powerful docking station designed to expand the I/O capabilities of Khadas Mind. It provides 8 additional I/O ports, power supply, and AAC speakers for high-quality audio output. It’s high-speed I/O ports allow professionals in various fields to connect multiple external devices for monitoring and editing tasks. When linked with Khadas Mind, Mind Dock supports up to four simultaneous 4K/60Hz displays, enabling a multi-screen visual experience. It also includes a built-in SD card reader with a 200MB/s transfer speed, along with an Ethernet port that provides a 2.5 Gbps speed boost for your applications. With all these features, the Mind Dock empowers professionals to enhance their workflow and achieve exceptional results.

When users require additional GPU power, they can effortlessly insert their Khadas Mind into the Mind Graphics module. Equipped with a built-in NVIDIA GeForce RTX 4060Ti desktop graphics card, this module enables smooth handling of complex design drafts in 3D/CAD software and delivers an immersive gaming experience. Utilizing an electronic switch, Mind Graphics effectively prevents unintended disconnections of the graphics card whilst it is in use. With a powerful GPU and high-speed, high-bandwidth Mind Link interface, Mind Graphics allows you to seamlessly add an external GPU to Khadas Mind, resulting in a significant performance boost within a matter of seconds.

In the future, the Khadas Mind ecosystem will expand to include additional modules that cater to the evolving needs of global consumers. One such module is the Mind xPlay, a portable display with a built-in battery designed for on-the-go work. With xPlay, you can conveniently use Khadas Mind in cafes and restaurants when meeting with clients or friends. Another expected addition to the ecosystem is Mind Talk, a device specifically designed for office meetings. Equipped with an array of microphones and specialised audio features, Mind Talk offers optimal audio quality and functionality for seamless communication during professional meetings.

As the Khadas Mind ecosystem continues to grow, users can look forward to an even broader range of modules and accessories that will enhance their experience and meet all their diverse requirements and dreams.

About Khadas

At Khadas, we strive to fuel the imagination and enhance the productivity of global communities, including makers, developers, and visionaries. Since the establishment of Khadas brand in 2016, we are committed to designing and manufacturing cutting-edge computing and electronic devices as well as accessories for consumers and businesses worldwide.

By continuously investing in technology development, Khadas has distinguished itself in the industry and garnered the trust of users across various countries and regions, including America, Europe, China, India and Southeast Asia. With an extensive product portfolio encompassing ARM-based single board computers (SBC), portable computing devices, and high-fidelity audio solutions, complemented by a wide range of accessories, we are actively moving along a positive trajectory on a global scale.

Khadas has established significant partnerships with prominent industry leaders, including Google and Intel, resulting in the integration of our products and solutions into projects at the forefront of innovation.

Discover more about Khadas here.

PR Newswire

New Battle-Action RPG “Is It Wrong to Try to Pick Up Girls in a Dungeon?: Battle Chronicle” Launches Today, August 24

August 24, 2023 TechENT Syndication Leave a comment

TOKYO, Aug. 24, 2023 /PRNewswire/ — KLab Inc., a leader in online mobile games, announced that the battle-action RPG “Is It Wrong to Try to Pick Up Girls in a Dungeon?: Battle Chronicle” (hereinafter referred to as DanChro), jointly developed with Aiming Inc. (Headquarters: Shibuya-ku, Tokyo, President & CEO: Tadashi Shiiba, hereinafter referred to as “Aiming”), has been launched today, Thursday, August 24, 2023. See the original press release (https://www.klab.com/en/press/) for more information.

KLab Inc., a leader in online mobile games, announced that the battle-action RPG “Is It Wrong to Try to Pick Up Girls in a Dungeon?: Battle Chronicle” (hereinafter referred to as DanChro), jointly developed with Aiming Inc. (Headquarters: Shibuya-ku, Tokyo, President & CEO: Tadashi Shiiba, hereinafter referred to as “Aiming”), has been launched today, Thursday, August 24, 2023.

This title will be distributed worldwide across 81 countries and regions including Japan in Japanese, English, Traditional Chinese, and Korean.

Download Here

App Store (iOS)
https://apps.apple.com/app/id6446307783

Google Play (Android)
https://play.google.com/store/apps/details?id=com.aiming.danmachi.danchro.global

For further details regarding this title, please refer to the News Release from the distributor of DanChro, Aiming.

Aiming News Release
https://aiming-inc.com/en/news/

“DanChro” Official Website
https://www.danmachi-danchro.com/en/

About “Is It Wrong to Try to Pick Up Girls in a Dungeon?”

The series has printed a total of over 15 million copies, and the anime series has run over 4 seasons along with side stories and a movie. As of 2023, multiple projects are underway to celebrate the 10th anniversary of the original series. “DanChro” has been announced as one of those projects.

Synopsis:
In the Labyrinth City Orario…
With a thirst for the unknown, honor, and—more than anything else—romance with cute girls, a boy named Bell arrived at Orario. A city with an underground labyrinth called a “Dungeon”.
The story begins with him meeting a small Goddess, Hestia. A fateful encounter between a boy who wishes to be an adventurer, yet was turned away by every Familia, and a Goddess with no members to her Familia at all.
The path of this “Familia Myth” is walked by a boy, and inscribed by a Goddess.

TV Anime “Is It Wrong to Try to Pick Up Girls in a Dungeon?” Official Website (JP):
https://danmachi.com/

DanMachi Anime Series Official X (JP):
@danmachi_anime (https://twitter.com/danmachi_anime)

About “Is It Wrong to Try to Pick Up Girls in a Dungeon?: Battle Chronicle”

“DanChro” is the newest addition to the series. It is a battle-action RPG that allows players to experience the “DanMachi” story and renowned battles for themselves with characters depicted with anime-like 3D graphics. Beginning with special skills shown in the series, players can enjoy a variety of attacks and techniques, as well as exhilarating and evasive actions in the simple yet immersive “battles” that take place in the game. Set out on an adventure with a party customized to individual preferences using multiple character development combinations such as “Adventurers”, “Assists”, and “Scene Cards”. Experience a variety of game modes, from a battle royale where everyone is the enemy, to autoplay battles in the “Arena” where team competition is the key to victory. Join beloved characters such as Bell and Hestia in overcoming the Dungeon.

Overview of “Is It Wrong to Try to Pick Up Girls in a Dungeon?: Battle Chronicle”

Platform: iOS /Android™
Genre: Battle-Action RPG
Price: Free-to-play (In-app purchases available)
Official Website: https://www.danmachi-danchro.com/en/
Official X Account: https://twitter.com/danchro_en
Official Discord: https://discord.com/invite/danmachi-danchro
Copyright: ©Fujino Omori-SB Creative Corp./Danmachi4 Project

Download Here:

App Store: https://apps.apple.com/app/id6446307783

Google Play: https://play.google.com/store/apps/details?id=com.aiming.danmachi.danchro.global

Source: KLab Inc.

PR Newswire

VNG Files Registration Statement for Potential Initial Public Offering

August 24, 2023 TechENT Syndication Leave a comment

NOT FOR DISTRIBUTION IN OR INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

HO CHI MINH CITY, Vietnam, Aug. 24, 2023 /PRNewswire/ — VNG Corporation (“VNG” or the “Company”), a leading technology company in Vietnam, today announced that VNG Limited has filed a Form F-1 registration statement with the United States Securities and Exchange Commission (the “SEC”). VNG Limited, a shareholder of VNG, intends to list its Class A ordinary shares on the NASDAQ Global Select Market through an initial public offering (“IPO”) under the symbol “VNG”.

Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and BofA Securities, Inc. will act as underwriters of the IPO. The size and price range for the potential offering have yet to be determined.

Founded in 2004, VNG has evolved from a five-person start-up into the largest homegrown digital ecosystem in Vietnam with products and services ingrained in users’ daily lives. VNG is, according to Newzoo, the number one mobile games publisher in Vietnam looking to expand globally and, according to F&S, operates the number one messaging application, Zalo, in Vietnam, with 75 million monthly active users. The Company’s other flagship products include Zing MP3 (the number one music streaming platform in Vietnam, according to F&S, with more than 28 million monthly active users), and ZaloPay (the fastest growing mobile payment application in Vietnam, according to F&S).

The Form F-1 registration statement is subject to completion and has not yet been declared effective by the SEC.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States or in any other jurisdiction. The Class A ordinary shares may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933 (“Securities Act”) unless they are offered or sold in transactions exempt from, or not subject to, such registration requirements. Any public offering of such securities to be made in the United States will be made by means of an effective registration statement that may be obtained from VNG Limited which will contain detailed information about the company and management, as well as financial statements. This press release is being issued pursuant to and in accordance with Rule 135e under the Securities Act.

About VNG

Founded in 2004, VNG is a leading homegrown digital ecosystem in Vietnam, with diverse products and services through four key business segments: Games, Communications and Media, Fintech and Long-term Opportunities. Its mission is to “Build technologies and grow people. From Vietnam to the world.” Its flagship products have transformed the way millions of users experience and interact with the online world, in Vietnam and globally. Today, VNG has approximately 4,000 employees across 10 cities around the world. For more information, please visit: https://vng.com.vn/.

Media Contacts:

VNG
Thao Tran
media@vng.com.vn

FGS Global
Asia – Harry Florry and Lucy Dao
US – Ginny Wilmerding
VNG@fgsglobal.com

PR Newswire

Tata Communications launches global, cloud-based 5G Roaming Lab

August 23, 2023 TechENT Syndication Leave a comment

Enables Mobile Network Operators (MNOs) to trial Proof of Concepts (PoCs) before migrating customers to 5G

MUMBAI, India, Aug. 23, 2023 /PRNewswire/ — Tata Communications, a global digital ecosystem enabler, today announces the launch of its global, cloud-based 5G Roaming Laboratory (Lab), enabling Mobile Network Operators (MNOs) to trial 5G standalone network use cases before introducing the service to their subscribers. With this, Tata Communications is harnessing the potential of 5G to help reimagine mobility experiences for mobile network operators benefitting their consumers, and enterprise customers.

Tata Communications cloud-based 5G Roaming Lab trials the international mobile roaming experience by closely monitoring traffic movement and network usage for giving the highest quality of experience to mobile phone users while roaming. Its tests get an objective performance assessment across networks, connected in the exchange process while a user is roaming. This also includes onboarding and internet trials on the high-speed, high-reliable and low-latency 5G standalone network.

The new Tata Communications 5G Roaming Lab is specially designed keeping safety at the heart of its operations. It is equipped with hi-tech server applications that provide high-speed and seamless 5G roaming connectivity along with network security. Agile and secure network is critical considering 5G adoption is accelerating globally with GSMA predicting 5 billion 5G connections by 2030 (Source: The Mobile Economy 2023 (gsma.com).

“Connectivity is a key ingredient in today’s fast-paced digital world. An internet that is fast, secure and available at all times is of paramount importance to customers, whether they are individuals or an enterprise. We are excited to introduce our newest capability in 5G roaming testing ensuring MNO customers are receiving proven services,” said Mysore Madhusudhan, Executive Vice President, Collaboration and Connected Solutions, Tata Communications. “By ensuring that the tests can take place across geographies, enhances the flexibility available to MNOs for delivering superior and agile services. Armed with fast and uninterrupted connectivity, this generation will accelerate a lot faster than its predecessors!”

Tata Communications is a global leader in Mobile Roaming Services, with proven track record of carrying 2G/ 3G/ 4G roaming signalling services in 200+ countries. Its worldwide relationship with 700+ MNOs gives it a natural edge to provide 5G roaming services. For more information, please visit www.tatacommunications.com.

About Tata Communications

A part of the Tata Group, Tata Communications (NSE: TATACOMM) (BSE: 500483) is a global digital ecosystem enabler powering today’s fast-growing digital economy in more than 190 countries and territories. Leading with trust, it enables digital transformation of enterprises globally with collaboration and connected solutions, core and next gen connectivity, cloud hosting and security solutions and media services. 300 of the Fortune 500 companies are its customers and the company connects businesses to 80% of the world’s cloud giants. For more information, please visit www.tatacommunications.com.

Twitter | Facebook | LinkedIn | Instagram | YouTube

Forward-looking and cautionary statements

Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications’ expected financial position, business strategy, the future development of Tata Communications’ operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications’ network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilize or reduce the rate of price compression on certain of the company’s communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications’ industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications’ control, include, but are not limited to, those risk factors discussed in Tata Communications Limited’s Annual Reports.

The Annual Reports of Tata Communications Limited are available at www.tatacommunications.com. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements.

TATA COMMUNICATIONS and TATA are trademarks or registered trademarks of Tata Sons Private Limited in India and certain countries.

PR Newswire

Indonesia’s E-commerce Solution Platform, Plugo, Announces Expansion to Thailand Reflecting on Its 2023 Milestones

August 23, 2023 TechENT Syndication Leave a comment

JAKARTA, Indonesia, Aug. 23, 2023 /PRNewswire/ — In a rapidly evolving digital era, Plugo, an e-commerce trailblazer from Indonesia, has carved a significant niche within the direct-to-consumer (D2C) market space.

Kyungmin Bang, CEO of Plugo, expressed gratitude to attendees at Plugo Brand Appreciation Day 2023 and announced the platform’s strategic expansion to Thailand.

During the Plugo Brand Appreciation Day 2023 held on August 22 at The Langham Jakarta, attended by industry leaders, brand representatives, and various stakeholders, Plugo announced its ambitious move into the Southeast Asian market.

Plugo’s remarkable achievements in 2023 speak to its rising prominence in the e-commerce sector:

Plugo’s highest GMV in a month reached 99.6 billion rupiah.
The total number of visitors to brands’ websites was a staggering 26 million.
The most products sold in a single day stood at 47,000.
The avg. conversion rate from a buyer’s visit to a purchase was an impressive 9%.

At the event, Izki Aldrin Iswarna, Plugo’s Country Director, shared, “Our 2023 milestones underscore Plugo’s commitment to serving brands and facilitating their growth. Our adaptability and innovative approach are key pillars in navigating this fast-paced digital market.”

But it’s not just about numbers and milestones. Understanding and addressing the needs of both brands and consumers lies at the heart of Plugo’s strategy. Plugo’s success was underpinned by the interplay between marketplaces and D2C platforms.

Thailand, with its vibrant e-commerce landscape, is the next destination on Plugo’s expansion map. Aiming for an official launch by the end of 2023, the move is set further to consolidate Plugo’s leadership in the D2C e-commerce sector.

Reflecting on this venture, Plugo’s CEO, Kyungmin Bang, commented, “Our expansion into Thailand isn’t just a business decision; it’s a commitment. We see Thailand as a land of immense growth opportunities and are eager to bring our D2C expertise to its dynamic brands.”

About Plugo

Founded in 2022 in Singapore, Plugo is an all-in-one e-commerce platform targeting direct-to-consumer (D2C) brands. The platform offers services ranging from customizable e-commerce websites to integrated payment systems, omnichannel, and advanced marketing tools.

The company secured $9 million in its Series A funding round in late 2022, with investments from firms like Altos Ventures and Access Ventures.

Plugo is entirely cloud-based and hosted, allowing users to access and manage their businesses from anywhere at any time while on the go.

In addition to its Singapore headquarters, the company has expanded its presence with offices in Jakarta and Seoul, with the latter housing a team of seasoned tech specialists.

techENT

Category Archives: PR Newswire

High quality, free from the fear of travel test – AIMA electric vehicles from China are loved by consumers

Focusing on High-performance Advanced Packaging and Global Layout, JCET Achieved Quarter-on-Quarter Growth in Q2 2023

Antelope Enterprise Pre-Announces 1H 2023 Revenue of $42.8 Million, a Projected 168% Year-Over-Year Increase

Dowsure Signs multi-million-dollar Asset-Backed Loan with HSBC

Sendbird Adds AI-Powered SmartAssistant to Salesforce Connector for Fast and Personalized Support Interactions

Khadas Introduces Mind Series to Deliver a Next-Gen Portable Computing Experience with an Innovative Ecosystem

New Battle-Action RPG “Is It Wrong to Try to Pick Up Girls in a Dungeon?: Battle Chronicle” Launches Today, August 24

VNG Files Registration Statement for Potential Initial Public Offering

Tata Communications launches global, cloud-based 5G Roaming Lab

Indonesia’s E-commerce Solution Platform, Plugo, Announces Expansion to Thailand Reflecting on Its 2023 Milestones

Tech Your Way