Category Archives: PR Newswire

Conversation with Jane | Spain Welcome Travellers to Explore Off-The-Beaten-Path


Through the “Conversation with Jane” series, Trip.com Group CEO Jane Sun will engage leaders and individuals from diverse backgrounds and industries – with one goal in mind: an open discussion on the most trending topics.

MADRID, July 19, 2023 /PRNewswire/ — In this edition, the focus is on tourism, a topic close to Jane’s heart and one relevant to Spain’s Secretary of State for Tourism, Rosana Morillo. During their meeting in Madrid earlier this month, the two leaders exchanged views on tourism, technology, among other topics.


From “sun and beach” tourism to a quality-focused industry

Spain is one of the world’s most-visited countries in the world, according to the country’s official statistics. After the pandemic, Spain’s tourism has seen a strong rebound, with two famous destinations, Barcelona and Madrid, listed in the top five most-booked summer destinations by Trip.com’s European customers.

“The travel forecast for this summer season is spectacular,” Ms. Morillo shared with Ms. Sun. “The number of visitors has surpassed the pre-pandemic level, and most importantly, travellers are spending more on travel this summer when compared to 2019.” However, Ms. Morillo added that the quantity of visitors isn’t their only focus. Currently, Spain’s tourism strategy has evolved from “mass, sun and beach” tourism to sustainable and quality tourism.

Spain has a diverse range of landscapes and culture. While we have well-established destinations, we need to focus not just on increasing the number of visitors to these places but also on improving the quality of their experience. We should also aim to attract more travellers to explore off-the-beaten-path destinations,” said Ms. Morillo.

Having visited various parts of Spain, Ms. Sun agreed that the country has many hidden gems waiting to be discovered, adding that Trip.com Group has been preparing for the return of Chinese travellers to Spain since the outbreak of the pandemic. The online travel service provider has launched successful campaigns to keep customers interested in the country through content marketing strategies. These include influencer campaigns on its travel content platform, launching an official StarHub account for Spain, and creating curated lists for customers to explore travel inspiration in Spain.

While Spain has always been one of the most popular destinations for Chinese travellers, has there been a shift in their travel patterns or preferences in recent years?

Ms. Sun said, “The new generation of Chinese travellers seeks authentic and unique experiences in Spain. We provide them with the most exciting travel inspiration and reliable recommendations through our advanced technology and marketing capacity.”


Technology reshaping the future of tourism

Technology is revolutionising the tourism industry, and Trip.com Group is leading the way by using cutting-edge AI technology to enhance the customer experience. In 2016, the company pioneered the widespread adoption of AI technology for customer service, and over 75% of flight and hotel-related issues raised by customers are resolved through the AI chatbot today, without the need for these customers to speak to a customer service agent.

Earlier this year, Trip.com launched “TripGen”, a real-time AI travel assistant that provides users with instant suggestions on pre-trip decisions and in-trip arrangements. This innovative tool has made the entire travel process more enjoyable and stress-free.

Ms. Morillo agrees that technology is transforming the tourism industry in all aspects, not only from the stages of pre-booking, booking, and customer service, but it is also reshaping the ways of talent training and destination development.

“Technology will not only change the way people buy products but also the future of destinations. For example, we have seen many cities implementing technologies to direct the flow of passengers and improve mobility in the city, which will ultimately enhance the travel experience,” Ms. Morillo commented.


Women are the backbone of an organisation

Ms. Morillo assumed the State Secretary for Tourism role in December 2022, following a successful career spanning multiple sectors, including software, investment banking, and hospitality. “I think everybody should work in the public sector at some point in his or her life, because you can give back to the society and make a difference,” said Ms. Morillo.

Ms. Morillo is a strong advocate for gender equality in the workplace and encourages more women to take up leadership positions. “While the gender ratio in middle management teams in Spain is equal, it becomes increasingly unbalanced at higher management levels. This needs to change,” Ms. Morillo shared.

The Spanish government recently approved a draft Equal Representation Law that aims to promote more equal representation of women and men in politics, business, and other spheres of public life. While Ms. Morillo views this as a positive step, she believes that more needs to be done to create a truly gender-inclusive workplace.

Ms. Sun agrees and believes that striving for equal gender representation in senior management teams is the right thing to do and will lead to more rational and considerate decision-making for governments, companies, and organisations.

“With more than half of Trip.com Group employees and one-third of middle managers being female, women are the backbone of our business,” said Ms. Sun. “I look forward to further enhancing the figure in the near future.”

During their discussion, Ms. Sun also shared with Ms. Morillo’s the Group’s recently launched Childcare Subsidy programme. Under this new scheme, full-time employees with newborn children after 1 July 2023 will receive a subsidy of RMB 10,000 for each child on their first, second, third, fourth and fifth birthdays. The Group plans to invest RMB 1 billion as subsidies to support its employees in family planning and promote working families.

Over the years, Trip.com Group has introduced several family-friendly policies, including hybrid work and assisted reproduction benefits.

“As we have always said, our employees are our greatest asset. The launch of this new initiative is a testament to our commitment to supporting our employees to achieve their family and career goals,” said Ms. Sun. “Going forward, we will continue to create family-friendly workplaces across our various offices.”

About Trip.com Group

Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.

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Anthology Announces AI-powered Course Building Tools, New Student Success Features in Blackboard Learn


New progress tracking, accessibility and course building tools streamline critical processes for instructors and provide key data to unlock learner success 

BOCA RATON, Fla., July 19, 2023 /PRNewswire/ — Anthology, a leading provider of education solutions that support the entire learner lifecycle, announced a host of new features, powered by Artificial Intelligence (AI), designed to help instructors create more engaging learning experiences more quickly and provide granular, easy-to-action insight on learners’ progress. The new capabilities – Accessibility Checker powered by Anthology Ally, Holistic Student Overview, Progress Tracking, and course building tools – are key innovations aimed at improving student success and retention and are the result of significant investment in Learn product development and the user experience.

“From the beginning, our team has been building a Learning Management System that, as part of a broader Anthology ecosystem, delivers meaningful, data-informed experiences that drive student success,” said Jim Milton, Chairman and Chief Executive Officer at Anthology. “This announcement is the next step along that journey, with features that simplify and streamline instructor processes while connecting data from the LMS and across the institution to deliver unprecedented insight.”

Demonstrating the company’s commitment to ethical and responsible use of AI guided by Anthology’s Trustworthy AI Framework – developed in collaboration with Anthology institutions – the new course-building capabilities in Blackboard Learn are designed to provide inspiration to instructors and instructional designers as they develop their courses and allow them to create more engaging learning experiences more quickly. Seamlessly embedded into Blackboard Learn’s workflows, the tools can suggest a possible course structure aligned with its learning outcomes, generate images, suggest test questions and grading rubrics, and drive toward more authentic assessment. The capabilities are opt-in and the instructor is always in control of the content generated.

“Traditionally, the LMS has been a static environment, focused on the management of the learning process,” said JD White, Chief Product Officer at Anthology. “With these new AI-powered features, we are fundamentally changing the equation by providing an experience that can deeply inspire in the pedagogical process. It means instructors can build more engaging courses more quickly.”

In addition to the AI features, Progress Tracking delivers easy-to-action and more granular insight into how a learner is performing, engaging, and progressing in a course, empowering instructors to better understand student engagement and quickly recognise and reach out to any learner needing help. Coupled with Holistic Student Overview – a comprehensive picture of a learner’s performance – Blackboard Learn provides an unprecedented level of insight into a learner’s journey.

All institutions that use Blackboard Learn Ultra will also gain a digital content reviewing tool – Accessibility Checker powered by Anthology Ally. The tool reviews and flags course content with accessibility issues for instructors, allowing them to quickly remediate issues like missing alternative text for images.

Anthology also launched a new digital adoption solution – Anthology Adopt powered by Pendo – to provide institutions with valuable insights and enables administrators to deploy in-app messaging to guide users on features and functionality to improve their overall experience and help drive and scale adoption.

Institutions continue to choose the powerful benefits of Blackboard Learn Ultra. The number of courses taught in Learn Ultra has increased by 50 percent since June 2022 and take-up is increasing at an accelerating pace in 2023. It has never been easier to transition to Learn Ultra with new tools such as the Ultra Adoption Toolkit and bulk course conversion. The planning, change management, and conversion tools – built in partnership with Blackboard Learn institutions, their instructors, and users – together are powering the fastest, most efficient conversion process and can also be utilised by clients migrating from other LMSs.

The AI-powered tools are scheduled to enter testing environments for Blackboard Learn Ultra clients in August and planned for production in September. The features are included for all Learn clients that choose to make them available. Accessibility Checker powered by Anthology Ally, Progress Tracking, and Holistic Student Overview are now available to Learn Ultra institutions globally.

About Anthology

Anthology offers the largest EdTech ecosystem on a global scale for education, supporting more than 150 million users in 80 countries. With a mission to provide dynamic, data-informed experiences to the global education community through Anthology Intelligent Experiences™, we help learners, leaders and educators achieve their goals by offering over 60 SaaS products and services designed to advance learning. Discover more about how we are fulfilling our mission for education, business and government institutions at www.anthology.com.

Contact:

Erin Mitchell
Anthology
Erin.Mitchell@anthology.com 

Logo – https://techent.tv/wp-content/uploads/2023/07/anthology-announces-ai-powered-course-building-tools-new-student-success-features-in-blackboard-learn.jpg

Introducing Unitree Go2 – Quadruped Robot of Embodied AI

HANGZHOU, China, July 18, 2023 /PRNewswire/ — On 12 July, Unitree unveiled its latest quadruped robot – the Unitree Go2, which features embodied AI. This product is expected to revolutionize the consumer-grade quadruped robots industry, leading to a transformation of the sector. Back in June 2021, Unitree released its first side-follow bionic robot—Go1, a technological breakthrough that attracted widespread attention and generated discussions worldwide upon its release. As a leading company in science and technology innovation, Unitree is now back, once again leading the industry! Equipped with standard 4D ultra-wide LiDAR and empowered by GPT’s large language model, Unitree Go2 of embodied AI joins you in exploring the future world!

Introducing Unitree Go2 - Quadruped Robot of Embodied AI
Introducing Unitree Go2 – Quadruped Robot of Embodied AI

Unitree Go2, as a quadruped robot, is not only advanced in its configuration and cool appearance, but also offers a range of interactive functions, perfectly simulating the behaviour of a real pet dog. This create a more intimate and enjoyable human-robot interaction experience. Now, Unitree Go2 is coming with a starting price from $1,600 (tax and freight excluded),

1. Standard 4D ultra-wide LIDAR upgrades recognition System by 200%.

Go2 features Unitree’s self-developed 4D LIDAR L1 with 360°x90°hemispherical ultra-wide recognition, super small blind spot and a minimum detection distance as low as 0.05m, enabling it to recognize different terrains.

2. Embodied Intelligence: AI+robot, Go2 is born with the empowerment of GPT

GPT embraces great language capacity and a large language base, which enables Go2 to fully understand its user’s intention and better comprehend its surroundings. Also, Go2 is able to make decisions based on information from its sensor. The increasing information it stores adds its unique characteristics, making it the closest friend of its user.

3. Remote control+long endurance+high-performance motor, hardware upgrades make the robot a new intelligent friend.

To execute more complex actions, Go2 had its motor performance enhanced by 30% with a peak joint torque of 45N.m. A new internal trace connecting technique allows greater flexibility and smoother movement for the robot. Besides, it is also equipped with a battery capacity increased to 8,000mAh, with an optional 15,000mAh ultra-long life battery available for even longer operation. What may surprise you most is that Go2 also features with 4G module, Wi-Fi 6, Bluetooth 5.2 and more stable and various network connections.

4. Gait + Posture + Offline Interaction, software upgrades make the robot understand you better.

To better adapt to different terrains, Go2 adopts an advanced Operation and Control System to realize more graceful pacing and stronger balance, including going up and down stairs, jumping, headstand, handshake and flip. In addition, Go2’s voice assistant including offline voice commands has been fully upgraded, which means that users can control the robot’s movements and functions through voice commands even when there is no internet.

5. Image transformation+force sensor+OTA Upgrades, enjoy limitless fun in the new App.

Go2 provides real-time image transmission and radar altitude map display, which helps users to check the surroundings anytime and anywhere. The app also supports displaying ethe parameters of each sensor, so as to have a clearer picture of the robot’s operation status. Besides, equipped with 4G module, it can control the robot in an over-the-horizon distance. Another advantage is that it supports OTA upgrades. The robot automatically connects to UnitreeCloud and upgrades and optimises its own program through OTA service, thus continuously improving user experience.

6. Robotic Arm+charging pile+ high computing power module, equipped with more advanced tech devices

Go2 is equipped with a servo robotic arm, which can complete grasping, carrying and other actions. Combined with navigation LIDAR, high computing power module and charging piles, Go2 achieves home guarding, independent inspection route planning, and positioned shoot and record, and provides acoustic and visual alarms when encountering anomalies. Also, it is worth mentioning that Go2 can also carry a range of powerful and high-performance accessories to suit different customer needs, bringing even more possibilities for exploring the real world.

Announcing Unitree Go2 marks another revolution in the field of robotics. This robot is not only an outstanding example of high-tech achievements, but also an indispensable part of future intelligent life. It can be applied in many fields, such as family entertainment, intelligent assistant, education and training, medical care, offering people more convenient, intelligent and efficient services. We believe that as Unitree continues to explore and innovate, it will keep leading the development of the quadruped robot industry. When exposed to the charm of science and technology, we want to invite you to create a better technological world and a brighter human future with Unitree Go2.

To find out more about where you can purchase a Go2 quadruped robot, visit our website.

Official: www.unitree.com/en/go2
Store Go2: https://bit.ly/43t9R5d
Youtube: www.youtube.com/watch?v=6zPvT0ig1VM
Business cooperation: sales_global@unitree.cc
Business contact: +86 15776583869
Marketing cooperation: pr@unitree.com

Join Taipei City’s Thriving Health Industry: Registration for “Win A Greater Health” Pitch Contest Starts Now!

TAIPEI, July 18, 2023 /PRNewswire/ — The Taipei City Government’s Department of Economic Development is taking proactive steps to attract international startups and foster collaboration with local businesses through its “Talent Exchange Program”. In line with this initiative, they have established the “Taipei Entrepreneurs Hub (TEH)” to cultivate a vibrant international community of entrepreneurs in the heart of Taipei. In 2023, the spotlight is on the health industry, and the department is delighted to announce the forthcoming “Win A Greater Health” international online startup pitch contest. Registration is now open until September 15, 2023, Taipei time (UTC+8). International teams specializing in digital health fields are welcomed to participate.

The department places great importance on attracting international startup teams with key technologies and research capabilities to facilitate the cooperative transformation and upgrade of local industries. This has always been a crucial industrial goal for the city government. Additionally, harnessing the power of innovation and entrepreneurship to drive city diplomacy is a significant driving force. Therefore, in recent years, the department has actively connected global startup ecosystem resources through TEH, organizing various networking events across different industries and time zones, creating the most resource-rich and comprehensive entrepreneurial community. The ultimate goal is to welcome international entrepreneurs from around the world to establish their presence in Taipei.

This year, the international startup pitch contest, in collaboration with TEH, the Taiwan Digital Health Industry Development Association, BE Health Ventures, and the Taipei Medical University BioMed Accelerator, welcomes international startup teams to participate. The competition encourages teams to develop Taiwan market expansion plans with a focus on implementing their goals in Taipei City. The winning teams will not only receive one international round-trip ticket from anywhere to Taipei to attend the Demo Day presentation but also enjoy customized matchmaking sessions and business itineraries during their stay in Taipei. Selected teams will have diverse opportunities for technological connections, collaborations, and interactions with businesses and venture capital firms in Taipei.

In addition to organizing the competition, the city government has established StartUp@Taipei office and Inves Taipei office to support startups from around the world in settling in Taipei. The ultimate goal is to make Taipei City a partner for international talents and collaborate to develop more business opportunities.

For more information and registration details for the online competition, you can visit the official Facebook page or LinkedIn page, or contact the organizing company Everiii Consulting CO., Ltd. at (+886 2) 33435456 ext. 806, Ms. Kuo.

SecPod releases SanerNow 6.0 to redefine Vulnerability Lifecycle Automation with Cyber Hygiene Score

SanerNow 6.0, with an intelligence-driven Cyber Hygiene Score and a revamped dashboard, helps organizations automate vulnerability management to combat cyberattacks effectively and improve cybersecurity posture.

REDWOOD CITY, Calif. and BENGALURU, India, July 18, 2023 /PRNewswire/ — SecPod Technologies, a global leader in the cyberattack prevention industry, has released SanerNow 6.0, a new update to its flagship cyberattack prevention platform SanerNow. With a brand-new unified dashboard and an innovative Cyber Hygiene Score, SanerNow transforms how CISOs and security administrators combat cyberattacks and simplifies the process of vulnerability lifecycle automation. 


Chandrashekhar Basavanna, the CEO of SecPod, said, “We are very excited to launch a major upgrade to our SanerNow platform. Risk quantification has always been an intriguing concept industry-wide. We are taking a real shot at it with an innovative hygiene score. This will facilitate our Customers to quantify the risks their IT infrastructure is exposed to and implement vulnerability mitigation strategies. With an all-new dashboard, we are representing end-to-end vulnerability management with Visibility, Detection, Prioritization, and Mitigation coming together in a unified console.” 

With Cyber Hygiene Score, based on SecPod’s in-house security intelligence and proprietary algorithm, SanerNow quantifies an organization’s cyber hygiene and provides insight into your IT infrastructure. Further, in combination with a unified dashboard, SanerNow provides a holistic view of your organization’s risk exposure to take effective laser-focused actions.

The new update, SanerNow 6.0, with the new dashboard and Cyber Hygiene Score, is now available for the general public. SecPod SanerNow Advanced Vulnerability Management is a comprehensive cyberattack prevention platform providing visibility and control over IT infrastructure, detection and prioritization of vulnerabilities, and vulnerability remediation in a single unified console. 

About SecPod: SecPod is a SaaS-based cybersecurity technology company created with a singular, unwavering goal of preventing cyberattacks. Founded in 2008, the company provides a top-of-the-line advanced vulnerability management solution that strengthens organizations’ cybersecurity posture worldwide. 

Contact Info: For any information, contact jagsir@secpod.com

ChipMOS SCHEDULES SECOND QUARTER 2023 FINANCIAL RESULTS CONFERENCE CALL

HSINCHU, July 17, 2023 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today announced that it will report second quarter 2023 results and host a conference call after the close of trading on the Taiwan Stock Exchange on Thursday, August 3, 2023.

Investors and analysts are encouraged to participate using the dial-in phone number noted below. A webcast and replay will be available on the Company’s website.

Date: Thursday, August 3, 2023
Time:3:00PM Taiwan (3:00AM New York)
Dial-In: +886-2-33961191
Password: 9514003 #

Webcast and Replay: https://www.chipmos.com/chinese/ir/info2.aspx
Replay Starting 2 Hours After Live Call Ends

Language: Mandarin

Note: A transcript will be provided on the Company’s website in English following the conference call to help ensure transparency, and to facilitate a better understanding of the Company’s financial results and operating environment.

About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.

Forward-Looking Statements:
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.

Contacts:

Source: ChipMOS TECHNOLOGIES INC.

MiniTool Power Data Recovery 11.6 Brings New Video & Audio Previews

VANCOUVER, BC, July 17, 2023 /PRNewswire/ — MiniTool Software Limited has just released the new MiniTool Power Data Recovery 11.6, professional data recovery software for Windows users. The new version provides a new way to preview videos, audio, and pictures, and supports saving files in the preview interface. Besides, it adds some new file types under the “All RAW Files” path.

The main updates of the new version of MiniTool Power Data Recovery are as follows.

1. Brand New Preview Tool for Audio, Video, and Picture

1.1 Support for Audio & Video Preview

In MiniTool Power Data Recovery previous versions, audio & video preview are not supported. Now, in MiniTool Power Data Recovery 11.6, users are allowed to preview audio and videos that are no larger than 2 GB.

Supported audio file types include: “au”, “mp3”, “wav”, “wma”, “m4b”, “aif”, “mid”, “ogg”, and “mmf”. Similarly, the audio size must be within 2 GB before it can be previewed.

Supported video file types include: “mkv”, “webm”, “mts”, “flv”, “3gp”, “mp4”, “m4a”, “avi”, “mpg”, “asf”, “wmv”, “rm”, “ram”, “rmvb”, and “mov”.

This update is friendly to free users because free users have a 1 GB free data recovery limit. Previewing data before they recover videos or audio ensures that the recovered files are the desired ones.

1.2 New Preview Tool for Picture

In addition to changes to video & audio previews, the way image files are previewed also has been improved. The new version of MiniTool Power Data Recovery speeds up picture preview. With this change, users can recover deleted photos faster.

Supported image types for preview:
“JPF”, “JPX”, “JP2”, “J2C”, “J2K”, “JPC”, “JPEG”, “JPG”, “JPE”, “BMP”, “TIFF”, “TIF”, “GIF”, “PNG”, “EMF”, “WMF”, “WEBP”.

1.3 Support for Saving Audio, Video, and Picture in the Preview Interface

It is worth mentioning that in the new MiniTool Power Data Recovery 11.6, a new “Save” button is added to the audio, video, and picture preview interface. So, users can save files directly from the preview window.

Besides, in the old version of MiniTool Power Data Recovery Free, users need to download the previewer tool before previewing files. The new version has a new preview tool built into the software, allowing file preview without downloading any tools.

2. Added More File Types for All RAW Files

In MiniTool Power Data Recovery 11.6, more file types are supported under the “All RAW Files” path of the scanning result page. Added file types include “dwg”, “dxf”, “ico”, “mp3”, “swf”, “vob”, “mkv”, “webm”, and “webp”. This update increased the probability of deleted file recovery when the file system cannot be found.

About MiniTool

MiniTool Software Limited is a professional software research and development company dedicated to data recovery, disk management, data backup, etc. The main products include MiniTool Power Data Recovery, MiniTool Partition Wizard, MiniTool ShadowMaker, MiniTool PDF Editor, MiniTool MovieMaker, and MiniTool Video Converter.

For more information about MiniTool software, please visit its official site: https://www.minitool.com.

Source: CHENGDU SPEED DIGITAL TECHNOLOGY CO. LTD

Dunxin Financial Holdings Limited Announces Planned ADS Ratio Change

WUHAN, China, July 15, 2023 /PRNewswire/ — Dunxin Financial Holdings Limited (“Dunxin” or the “Company”) (NYSE American: DXF), a licensed microfinance lender servicing individuals and small and medium enterprises (“SMEs”) in Hubei Province, China, today announced that it plans to change the ratio of its American depositary shares (“ADSs”) from one (1) ADS representing forty eight (48) ordinary shares to one (1) ADS representing four hundred and eighty (480) ordinary shares.

There will be no change to the Company’s ordinary shares. The effect of the ratio change on the ADS trading price on the NYSE American (the “NYSE American”) is expected to take place at the open of trading on July 25, 2023 (U.S. Eastern Time). ADS holders of record on the effective date will need to surrender their ADS to the depositary bank for cancellation and exchange in connection with the ADS ratio change, with further details to be provided in the notice by the depositary bank. As of the effective date for the ADS ratio change, DXF’s ADSs will continue to be traded on the NYSE American under the symbol “DXF”.

No fractional new ADSs will be issued in connection with the change in the ADS ratio. Instead, fractional entitlements to new ADSs will be aggregated and sold by the depositary bank and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes and expenses) will be distributed to the applicable ADS holders by the depositary bank.

As a result of the change in the ADS ratio, the ADS price is expected to increase proportionally, although the Company can give no assurance that the ADS price after the change in the ADS ratio will be equal to or greater than the ADS price on a  proportionate basis.

About Dunxin Financial Holdings Limited

Dunxin is a licensed microfinance lender serving individuals and SMEs in Hubei Province, China. Dunxin suspended offering loans to its customers since 2020.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

WeTrade Group Inc. Reports Fiscal Year 2022 Financial Results

BEIJING, July 15, 2023 /PRNewswire/ — WeTrade Group Inc. (“WeTrade” or the “Company”) (NASDAQ: WETG), a global diversified “software as a service” (“SaaS”) technology service provider committed to providing technical support and digital transformation tools for enterprises across different industries, today reports its financial results for fiscal year 2022, ended December 31, 2022.

Mr. Hechun Wei, Chief Executive Officer of Wetrade, commented: “2022 is a year of rapid growth for us. The expansion of our diversified business and the steady growth of customer base are laying a strong foundation for our long-term development. We are confident in restoring the growth of our revenue and operating profits in the near future. In 2023, we will seize the cross-border business development opportunities after the reopening of the border and achieve further milestones.  WTPay will be the major drive of the Company’s growth and will help the Company expand its business. Meanwhile, as we are seeing the explosive growth of generative AI in 2023, we are convinced that this is a breakthrough innovation and technological revolution, which will attract new talents and like-minded organizations. In 2023, we will focus on AI intelligence, restoring growth, and maximizing the potential of AIGC .”

Ms. Annie Huang, Chief Financial Officer of Wetrade, commented: “In 2022, we mainly focused on the development of multi-sector businesses. We believe the temporary decline in our revenues is a tradeoff in building the foundation for a steady future. We will continue to optimize our strategic development plan in a timely and effective manner, focusing on developing the Company’s core businesses to ensure the Company’s financial resilience.”

Fiscal Year 2022 Financial Results

For the year
ended
December
31,

2022

For the year
ended
December
31,

2021

Revenue:

Service revenue, non-related party

$

10,803,232

$

9,734,966

Service revenue, related party

868,103

4,646,329

11,671,335

14,381,295

Cost of Revenue

(9,695,290)

(2,681,939)

Gross Profit

1,976,045

11,699,356

Operating Expenses:

General and Administrative

(11,843,048)

(5,705,063)

Operations Profit

(9,867,003)

5,994,293

Other income

636,934

303,665

Income before income tax

(9,230,069)

6,297,958

Income tax income/ (expenses)

82,654

(1,122,283)

Net (Loss)/ Income

$

(9,147,415)

$

5,175,675

Revenue from Operations

For the fiscal year ended December 31, 2022 and 2021, total revenue was $11,671,335 and $14,381,295, respectively. The decrease was mainly due to the decrease in Gross Merchandise Volume (“GMV”) in Ycloud system under the outbreak of the coronavirus disease during the year. Service revenue from third party were $10,803,232 (2021: $9,734,966) and service revenue from related party were $868,103 (2021: $4,646,329) for the year ended December 31, 2022. The system services fees are collected through from end users of YCloud system based on the GMV as follow:

Gross Merchandise Volume (“GMV”)

2022

2021

US$

 US$

Non-related party

327,183,593

292,177,817

Related party

26,291,122

139,359,179

Total:

353,474,715

431,536,996

Cost of revenue

Cost of revenue is mainly consists of staff payroll, PRC central provident fund (“CPF”) and other staff benefits, the increase is mainly due to more technical development service costs were incurred for the system development during the year. 

General and Administrative Expenses

For the fiscal year ended December 31, 2022 and 2021, general and administrative expenses were $11,843,048 and 5,705,063, respectively. The increase is mainly due to increase is mainly due to professional fee, fund raising costs, financial PR and underwriting fees were incurred for the Nasdaq up-listing during the year.

Net Income/ (loss)

As a result of the factors described above, there was a net loss of $9,147,415 and net income of $5,175,675 for the fiscal year ended December 31, 2022 and 2021, respectively, the increase in loss is mainly due to decrease in revenue and more expenses were incurred for system development and professional fee incurred for Nasdaq up-listing during the year.

2022

2021

Cash and Cash equivalents

$

20,025,495

$

616,593

Receivables

7,377,801

9,230,865

Loan receivable

1,614,841

3,798,130

Other receivables, deposit and prepayments

15,366,488

3,062,868

Property and equipment, net

992,445

395,353

Amortised expenses, net

828,983

Intangible asset

23,188

37,765

Right of use assets

2,328,950

Total assets

$

46,229,241

$

19,470,524

Account payable and accrued expenses

723,648

279,219

Tax payable

128,979

711,841

Lease liability

2,538,340

Amount due to related parties

1,291,296

1,105,532

Other liabilities

2,365,808

306,270

Total liabilities

$

4,509,731

$

4,941,202

Total stockholders’ equity

$

41,719,510

14,529,322

As of December 31, 2022, we had total assets of $46,229,241, which mainly consisted of $20,025,495 in cash, $8,992,642 in receivables and loan receivables, $1,821,428 in amortised expenses, property and equipment, and $15,366,488 in other receivables, deposit and prepayments; we had total liabilities of $4,509,731 which consisted of $723,648 in accounts payables & accrued expenses, $1,291,296 in amount due to related parties and $2,365,808 in other liabilities; we had total stockholders’ equity of $41,719,510.

Operating activities

Our continuing cash flow used in operating activities is $17,608,419 for the fiscal years ended December 31, 2022 as compare to the cash flow provided by operating activities of $3,753,384 in prior year, which was increased by approximately of $14.1 million. The increase were mainly due to prepayment of WT Pay System and payment of professional fees in relation to the Nasdaq up-listing.

Investing activities

Our continuing cash flow provided by investing activities is $493,954 for the fiscal years ended December 31, 2022 as compare to the cash flow used in investing activities of $1,028,322 in prior year. The increase was mainly due to loan repayment receipts of $2.1 million and which were partially offset by the addition of property and equipment of $1.5 million during the year.

Financing activities

Cash provided by our financing activities was $37,720,440 for the year ended December 31, 2022 as compare to the net cash provided by financing activities of $689,031, which was increased by approximately of $37.1 million. The increase is mainly due to 10,000,000 share issuance with the net proceeds from sales of common stock in the amount of $37,534,676 during the year.

About WeTrade Group Inc.

WeTrade Group Inc. is a global diversified “software as a service” (“SaaS”) technology service provider which is committed to providing technical support and digital transformation tools for enterprises across different industries. The four business segments of WeTrade Group are YCloud, WTPay,Y-Health and YG.

YCloud is a micro-business cloud intelligent system launched by WeTrade, serving global micro-business industry. YCloud strengthens users’ marketing relationship and CPS commission profit management through leading technology and big data analysis. It also helps increase the payment scenarios to increase customers’ revenue by multi-channel data statistics, AI fission and management as well as improved supply chain system.

Independently developed by the Company, WTPay supports multiple methods of online payment and eight mainstream digital wallets in over 100 countries to help customers quickly realize global collection and payment business.

Y-Health is the sector focusing on public health business, which engages in developing global business for biological health and medical enterprises. Currently, Y-Health mainly focuses on detection and prevention of epidemic, daily healthcare, traditional Chinese medicines, and others.

YG is the new energy business segment which mainly provides tools and technical support for the digital new energy industry in the Middle East and Central Asia.

For more information, please visit https://ir.wetg.group.

Forward-Looking Statements

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company’s encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission.

First Blockchain-Powered Luxury Watch Embedded Insurance


HONG KONG, July 15, 2023 /PRNewswire/ — YAS (www.yas.io/timecare) is proud to announce the ground breaking launch of TimeCare, a revolutionary luxury watch insurance program powered by blockchain technology. TimeCare sets an unprecedented standard in the insurance industry, combining cutting-edge technology and protection to cater to the unique needs of luxury watch enthusiasts worldwide. This innovative solution offers enhanced security, transparency, and a seamless embedded insurance experience to cherished timepieces.

Blockchain Powered Luxury Asset Embedded Insurance Program by YAS.io
Blockchain Powered Luxury Asset Embedded Insurance Program by YAS.io

Distinguished by its features, TimeCare seamlessly embeds insurance coverage into the watch purchase process, providing a simplified application experience. Leveraging state-of-the-art blockchain technology, TimeCare elevates security, transparency, and efficiency in claims processing, establishing an indisputable record of ownership and authenticity. Unlike conventional home insurance policies with limited coverage and inconvenient way of value appraisal for individual luxury items, TimeCare at time of launch will cover up to US$12.8M total sum insured underwritten by one of YAS’ global underwriting partners.  YAS will also be working with luxury brands around the world, starting with an Asia renowned luxury watch retailer from Hong Kong.

Luxury watches aren’t merely accessories; they are often investments, memories and family heirlooms.  Watch owners deserves more prudent protection without the hassle and intimidation from conventional insurance process. TimeCare securely and permanently records policy details, coverage information, and watch records, including guarantee card details for watch buyers.

TimeCare was designed with utmost dedication and care for watch enthusiasts. This reflects YAS’ commitment to insurance innovation and customer satisfaction, redefining insurance offerings in the global luxury goods market.

William Lee, Co-founder of YAS, “TimeCare is more than just insurance; it represents a commitment to trust, transparency, and efficiency as we build the future of insurance for the new generation. We believe TimeCare will be a singularity moment in time where we start to redefine how insurance work. Combining the immutable nature of blockchain with the perpetual essence of a time piece is a perfect match. We are not waiting for tomorrow; we go beyond hypes, and we are doing it today.”

Looking ahead, TimeCare aims to expand its reach and impact the global luxury asset market. The successful launch in Hong Kong lays the foundation for further expansion into other regions and luxury products, whilst inspiring more industries to adopt similar programs and  innovation.

About YAS

Established in June 2019, YAS is an Asia based award winning Insurtech venture with a vision to offer new hyper-personalized and autonomous insurance protection thru the world of connected data. Leveraging, blockchain, machine learning AI models and GPS telematics technology,  it aims to introduce disruptive new business models, underwriting approaches and provide insurance inclusion for every moment that matters for people around the world. www.yas.io