Category Archives: PR Newswire

PR Newswire

WiMi Proposes A Vehicular Networks-based Consensus Algorithm to Improve Data Security And Response Speed

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BEIJING, July 14, 2023 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced the proposal of a custom vehicular networks-based consensus algorithm (VBCA) to secure data across the network. The algorithm uses a blockchain to maintain a secure pool of confirmed information exchanged in the network. Based on a consortium chain, the solution optimizes transmission efficiency, reduces average data exchange latency, and increases the magnitude of confirmed data exchanges decentralized without compromising data integrity and security.

In recent years, autonomous vehicles (AVs) have attracted significant attention as an evolving technology for intelligent transportation systems (ITS). These vehicles usually have various onboard resources, such as sensors, radar, cameras, storage devices, event recorders, etc. These devices perform different operations, such as object detection, congestion monitoring, pathfinding, etc. Self-driving vehicles will capture large amounts of data for analysis and make real-time intelligent decisions based on surrounding events. AVs equipped with sensors can capture gigabytes of data, which needs to be processed using complex machine-learning algorithms to infer logical outcomes. For communication efficiency, storage, and high-end processing, 5G and 6G technologies and roadside units (RSUs) connected to a Mobile Edge Computing (MEC) server can be used to receive all the data sent by the vehicle, where the MEC server runs machine learning techniques to generate useful predictions.

WiMi’s VBCA solution, a lightweight decentralized ledger system, allows easy integration of recent blocks with existing P2P networks. It aims to provide a network for physical layer vehicles and devices that can share information efficiently and reliably. The solution reduces communication latency by combining blockchain with P2P networks, enabling the network to combine all active blocks into a lightweight blockchain. The scheme uses a hierarchical architecture to achieve an efficient consensus mechanism. Fixed nodes are responsible for attaching blocks to the blockchain, and all fixed nodes store copies of the blockchain. The scheme design estimates the number of active and inactive blocks in the network and maintains only active blocks instead of full blocks to improve the lightweight property.

In WiMi’s VBCA scheme, the system architecture nodes are divided into two node types: fixed nodes and mobile nodes. Fixed nodes are RSUs that provide geographic coverage for specific areas on the map by connecting to high-power edge servers and are interconnected via backhaul links. Mobile nodes use their sensors to capture event data and send it to the nearest fixed node. Through P2P networks, vehicles can use DSRC to connect more reliably to nearby RSUs, thereby reducing communication latency.

The consensus algorithm runs on the edge server and appends the verified protocol information to the blockchain stored on the edge server. Since vehicles are equipped with different types of sensors, e.g., self-driving cars can be equipped with cameras, radar, etc., the edge server will receive a large amount of data. Based on the collected data, various statistical and machine-learning tools can be applied to train models that generate multiple predictions for different applications. For example, a predictive learning-based approach can predict the expected load on numerous parts of the traffic network during a specific time window. The prediction information can be stored in a separate blockchain and shared among all fixed nodes through which vehicles can query the information. The system is built based on a network of vehicles and edge servers for managing traffic data and predicting traffic flow. The system works in five layers: application layer, contract layer, consensus layer, network layer, and data layer. The application layer provides the user interface that allows end users (vehicles) to perform general input/output operations. The contract layer verifies the authentication of vehicles and fixed nodes and deploys intelligent contracts. The consensus layer uses custom consensus algorithms to establish trust between nodes in the network. The network layer connects all nodes in a hybrid P2P fashion, with each node using a discovery protocol to find nearest neighbor RSUs to establish links and exchange messages. The data layer manages the protocols and blocks in the ledger, using tools such as hash functions, timestamps, and Merkle trees to ensure data integrity and security.

Furthermore, intelligent contracts ensure decentralization in the framework by allowing multiple fixed nodes to attach a block to the ledger. This algorithm technology significantly increases throughput and the number of blocks created by each node while ensuring decentralization. In addition, transaction latency is reduced by separating the protocol confirmation and block creation processes.

WiMi has several technologies used in autonomous driving, intelligent transportation systems, and smart cars. With the development of autonomous driving and intelligent transportation systems, vehicular networks are becoming increasingly important. The global market size for autonomous driving and intelligent transportation systems is expanding and is expected to grow in the coming years. This provides a broad market space for WiMi’s VBCA technology. In addition, with the development and popularization of 5G and 6G technologies, vehicular network data transmission speed and stability will be further improved, further promoting the application and development of consensus algorithm technology based on vehicular networks.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

Source: WiMi Hologram Cloud Inc.

PR Newswire

NetEase Cloud Music and RYCE Entertainment Form Strategic Partnership

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HANGZHOU, China, July 14, 2023 /PRNewswire/ — Cloud Music Inc. (HKEX: 9899, “NetEase Cloud Music” or the “Company”), a well-known online music platform featuring a vibrant content community, today announced that it has entered into a strategic partnership agreement (the “Agreement”) with RYCE Entertainment, one of China’s leading music and entertainment companies, to further expand the Company’s sweeping music content library.

Beyond the extension of previous cooperation, NetEase Cloud Music is now able to access an expanding portfolio of RYCE Entertainment’s music catalog in China with 30-day initial launch rights to distribute new additions to the catalog under the latest terms of the Agreement. The two companies will collaborate to promote RYCE Entertainment’s prominent artists and music catalog in China through the synergies of extensive music production and distribution prowess. 

Since its founding in 2021, RYCE Entertainment has been devoted to creating and distributing critically acclaimed music to a global audience, and its music catalogue boasts works from a diverse roaster of talented artists, including Jackson Wang, Amber Liu, Tablo, PSY.P, Caelan Moriaty, Oscar Wang, AnsrJ and Renyu Zheng, among others.

As one of China’s leading online music platforms, NetEase Cloud Music is a preferred online destination for younger generations to enjoy music across a wide variety of genres from artists both at home and abroad. The platform boasts a unique music community atmosphere, highly interactive user base and impressive user stickiness. In 2022, NetEase Cloud Music hosted 189 million monthly active users who showcased vigorous average daily music listening trends and interactions with other users in the community. Together, these features underpin NetEase Cloud Music’s robust capabilities in efficiently promoting music content and enhancing the interactions between artists and their fan base.

As a forerunner in China’s online music industry, NetEase Cloud Music continues to partner with leading entertainment companies around the globe. Earlier in 2023, the Company further extended its portfolio of C-pop music and other popular genres through partnerships with other iconic production companies including Rock Records and B’in Music. With a powerful and growing portfolio of music from major labels that span a wide range of genres and geographies, NetEase Cloud Music is known for incubating independent musicians and fostering emerging musicians as it continues to grow its production capabilities and loyal Gen Z community of dedicated music fans.

About RYCE ENTERTAINMENT

RYCE is an innovative global music and entertainment company which operates in three main business sectors: music, artist management, and IP development.

Having integrated top management and production teams from across the industry, RYCE presents a strong lineup of talent, backed with vast copyright and media resources, industry access and networks. The company continues to develop creative business models to produce entertainment content that adapts to new media trends and is committed to creating a diversified and contemporary entertainment company.

About Cloud Music Inc.

Launched in 2013 by NetEase, Inc. (NASDAQ: NTES; HKEX: 9999), Cloud Music Inc. (HKEX: 9899) is a well-known online music platform featuring a vibrant content community. Dedicated to providing an elevated user experience, Cloud Music Inc. provides precise, personalised recommendations, promotes user interaction and creates a strong social community. Its focus on discovering and promoting emerging musicians has made Cloud Music Inc. a destination of choice for exploring new and independent music among music enthusiasts in China. The platform has been recognised as the most popular entertainment app among China’s vibrant Generation Z community.

Please see http://ir.music.163.com/ for more information.

Forward Looking Statements

This press release contains forward-looking statements relating to the business outlook, estimates of financial performance, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realised in the future. Underlying these forward-looking statements are a lot of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements.

Investor Enquiries:

Angela Xu
Cloud Music Inc.
music.ir@service.netease.com

Media Enquiries:

Zhang Mengqi
NetEase, Inc.
globalpr@service.netease.com

Source: NetEase, Inc.

PR Newswire

Facemoji Keyboard Launches 2023 Global State of Emoji Report

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Report reveals the classic emoji remains a beloved means of creative self-expression as well as the rising trend of animated emoji stickers

SUNNYVALE, Calif., July 14, 2023 /PRNewswire/ — Facemoji Keyboard today published its 2023 State of Emoji Report to celebrate World Emoji Day on July 17. The report highlights a notable change in the No. 1 most-used emoji and for the first time includes Argentina’s flag among the top 20.

Key findings about emoji usage include:

  • The Loudly Crying Face overtook the long-time favorite Face with Tears of Joy as the most-used emoji globally.
  • Lionel Messi finally taking home the gold in the 2022 World Cup was a moment felt around the world, and it pushed Argentina’s flag all the way into the top 20.
  • European countries such as Spain, France, the U.K., Italy and Russia all have the Partying Face in their top 10, suggesting a return to a festive mood post-pandemic.
  • The Face with Tears of Joy, the Loudly Crying Face, the Red Heart, the Rolling on the Floor Laughing, and the Pleading Face all remained in the top five this year, proving that while we all appreciate options, we always end up going back to our favorites.
  • Whether crying from laughter or straight up crying, the top three emoji all featured tears. 
  • Canada was the only country to have a piece of clothing in its top 10 – with the pants emoji coming in at .
  • The Skull ranks among the top 10 in Canada, the U.K., and the U.S. – all English-speaking countries.

With emoji becoming a popular fixture in messaging, the more creative users started looking for new avenues to infuse even more joy and excitement into their messaging, specifically with emoji stickers which bring emoji to life with animation.

“Emoji are a staple in our digital and cultural landscape,” said Natalia Lin, product lead at Facemoji Keyboard. “Our State of Emoji Report reveals how emoji have become a beloved form of creative self-expression for individuals worldwide. They continue inspiring us to create fun emoji-centric content.”

The data in this report covers global emoji usage habits of Facemoji Keyboard’s Android and iOS users between June 2022 and June 2023. Emoji rankings in this report reflect global overall emoji usage frequency by app and by country – displaying data from Argentina, Brazil, Canada, France, Great Britain, India, Indonesia, Italy, Mexico, Russia, Spain, Thailand, and the United States. 

To read the full State of Emoji Report 2023, click here.

About Facemoji Keyboard  

Facemoji Keyboard is the world’s first content-creation keyboard that allows users to find, design or invent the trendiest and smartest ways to express themselves. With Facemoji, users can fully customize their keyboard and create and share unique expressive designs, so every user can be a modern trendsetter in content creation.  

PR Newswire

Representative K-kid brand Goongbe wins at iF Design Award 2023

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Aesthetic design with a motif of placenta jar and lotus, reflecting the brand’s origin as a secret method of royal family

SEOUL, South Korea, July 14, 2023 /PRNewswire/ — Goongbe, Korea’s representative kid brand, has won in the beauty and healthcare category for packaging at iF Design Award 2023, a global design award.

Representative K-kid brand Goongbe wins at iF Design Award 2023
Representative K-kid brand Goongbe wins at iF Design Award 2023

The award-winning product, Pri-mmune, which belongs to Goongbe’s baby line, was designed with a motif of placental jar (a jar used to store umbilical cords) and lotus. In the Joseon dynasty, the placental jar symbolized the health and longevity of prince, while the lotus represented the strength of life that blooms immaculately even in muddy conditions. The design received high acclaim for effectively conveying the aspiration for the health of babies.

Goongbe began from a secret method employed by the royal family in the Joseon dynasty, where babies were bathed on the third day of birth in water brewed with peach tree, apricot tree, and mulberry. Patented ingredient Royal Oji Complex™[1], a blend of ceramide, amino acid and polyphenol, provides hydration, enhances the skin’s barrier function, and offers soothing benefits.

The product is made without any allergens designated by the FDA and the EU. It features a fragrance that is registered with the FEMA of the US and has passed a stringent skin irritation test.

Goongbe officials said, “With Pri-mmune, we intended to deliver the brand philosophy of cherishing all babies as those in the royal family.”

Goongbe has won at Korea’s National Brand Award for five consecutive years and at Korea’s no.1 beauty app award in 2022 for three times, speaking volumes about its market position in the K-kid skincare market.

Its premium image and remarkable product capability are gaining popularity in international markets, as well. It won the “new brand award’[2] at Tmall Global, China’s largest e-commerce platform, and ranks first[3] in the kid sunscreen category at Tmall Brand Zone, leading the kid sunscreen category. At SASA Hongkong, the largest H&B store in Asia, it ranked first[4] in the entire baby sunscreen category. The eight items of Pri-mmune Baby are registered with National Medical Products Administration of China (NMPA) as kid skincare cosmetics, with proven expertise and safety as kid skincare products.

[1] 2020. 04~2021. 03

[2] 2020. 04~2021. 03

[3] 2020.02~06, 2020.08~09, 2020.11, 2021.03~04, 2021.06, 2021.08, 2021.09~11

[4] 2020.02~06, 2020.08~09, 2020.11, 2021.03~04, 2021.06, 2021.08, 2021.09~11
PR Newswire

Modernising Philanthropy: Kidney Dialysis Foundation Embraces Technology with over 50 GivePlease Donation Terminals Islandwide for Flag Day Fundraising

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Changing the fundraising landscape, one donation terminal at a time.  

SINGAPORE, July 14, 2023 /PRNewswire/ — The Kidney Dialysis Foundation (KDF) is set to revolutionise its annual Flag Day event on 15 July 2023 by introducing over 50 cutting-edge GivePlease donation terminals alongside traditional donation tins. This initiative demonstrates KDF’s commitment to embracing technology and providing a seamless, convenient, and secure donation experience for donors.

Figure 1: An example of a KDF GivePlease Donation Terminal that will be held by KDF staff and volunteers stationed islandwide on Flag Day. Photo courtesy of Kidney Dialysis Foundation.
Figure 1: An example of a KDF GivePlease Donation Terminal that will be held by KDF staff and volunteers stationed islandwide on Flag Day. Photo courtesy of Kidney Dialysis Foundation.

Flag Day holds immense significance for KDF, with volunteers and donors traditionally contributing through donation tins. While KDF recognises the enduring impact of these traditional methods, the foundation is taking a leap forward to meet the evolving preferences of donors, particularly the tech-savvy audience, by incorporating GivePlease donation terminals into the event. 

GivePlease donation terminals provide a modern and intuitive platform, designed specifically for donors who prefer seamless digital transactions. Developed with a built-in secure payment engine and innovative integration to GovTech Singpass, donors can effortlessly submit their particulars via Singpass QR code scanning and receive tax deduction benefits after giving to KDF. These state-of-the-art terminals will be strategically placed at various locations, making it easier than ever for individuals to contribute to KDF’s cause.

Mr. Raymond Lim, General Manager of the Kidney Dialysis Foundation, expressed his enthusiasm for the initiative, stating, “The introduction of GivePlease donation terminals during Flag Day signifies our unwavering commitment to innovation and exploring new avenues for fundraising.”

“This initiative reflects our commitment to embrace innovation and cater to the evolving preferences of our supporters. By blending technology with tradition, we are transforming the way people donate and ensuring that every contribution makes a meaningful difference in the lives of kidney patients,” he added.

With the adoption of GivePlease donation terminals, KDF aims to harness the power of technology and tap into the digital landscape to raise funds to help provide affordable and quality care for kidney patients. 

As Flag Day approaches, KDF invites individuals from all walks of life to participate in this remarkable event and contribute to the well-being of kidney patients in Singapore. Whether donors choose the convenience of the GivePlease donation terminals or the familiarity of the donation tins, every contribution counts and creates a significant impact on the lives of those affected by kidney disease.

The Flag Day event will be held on 15 July 2023, with a fundraising goal of $50,000 for needy kidney patients in Singapore. Funds raised will go into providing underprivileged kidney patients with treatments, medication, transport, and holistic care, as well as support the Foundation’s outreach efforts to increase awareness of kidney health. 

Members of the public can also contribute to this meaningful cause by visiting this link at
https://www.giving.sg/kidney-dialysis-foundation/kdffd23.

Appendix: GivePlease Donation Terminals

About Kidney Dialysis Foundation Singapore

Established in 1996, the Kidney Dialysis Foundation (KDF) is a company limited by guarantee. It is registered as a charity under the Charities Act 1994 and is governed and monitored by our Charity Sector Administrator, the Ministry of Health on behalf of the Commissioner of Charities. KDF is also an Institution of Public Character (IPC) charity organisation dedicated to providing subsidised dialysis treatments and holistic care to needy members of the community.

Kidney patients at KDF belong to the lowest 10% income group in Singapore, more than half of whom have a monthly per capita income (PCI) of $1,200 and below. Without subsidies, dialysis fees can set a patient back by more than $2,000 monthly. To date, KDF has served more than 950 patients, granting needy end-stage kidney patients a new lease of life through quality treatment and holistic care.

For more information about the Foundation, please visit https://www.kdf.org.sg/

About GivePlease

GivePlease is a leading Singapore-based fintech firm, at the forefront of seamless digital giving technology. With its ground-breaking on-demand donation platforms, GivePlease is transforming the experience of giving, combining digital and physical infrastructure to embed donation access points into people’s daily lives. By partnering with charities and religious organisations, GivePlease brings trust, transparency and a modernised donation experience that fosters increased generosity.

GivePlease builds technology for good and business for purpose. When donating is made easy and part of daily life, the world benefits and change is created. 

For more information, please visit www.giveplease.sg

For Media Enquiries,

Bellamy Leong (Mr.)
Donor Relations and Communications Executive
Kidney Dialysis Foundation
Tel: +65 98147598
Email: bellamy.leong@kdf.org.sg

Vincent Phua (Mr.)
Community and Partnerships Lead
GivePlease
Tel: +65 90406645        
Email: vincent.phua@giveplease.sg

PR Newswire

42Gears SureMDM Expands Support to ChromeOS, Offering Enhanced Management Capabilities

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BANGALORE, India, July 14, 2023 /PRNewswire/ — 42Gears, a leading provider of Mobile Device Management solutions, is excited to announce that SureMDM, its flagship world-class Mobile Device Management platform, now fully supports ChromeOS. With this expansion, 42Gears SureMDM now offers organizations a complete suite of management features to streamline ChromeOS device administration, ease application management, enhance security, and optimize productivity.

ChromeOS devices are popular among businesses and educational institutions for their simplicity, speed, and affordability. Recognizing the growing demand for ChromeOS device management solutions for educational institutions, 42Gears SureMDM is now compliant with Higher Education Community Vendor Assessment Tool (HECVAT) Lite assessments, and the Cloud Broker Index (CBI) list. HECVAT is a security and privacy assessment toolkit designed specifically for higher education institutions to evaluate the risks associated with engaging third-party vendors and service providers. The HECVAT toolkit assists educational institutions in making informed decisions when selecting technology vendors and managing data privacy and security risks.

Here’s how 42Gears SureMDM ChromeOS support can help IT administrators and businesses:

  1. ChromeOS Apps and Extension Management: 42Gears SureMDM now fully supports apps and extensions from the Chrome Web Store.
  2. Centralized Console Management: SureMDM empowers administrators with a higher level of visibility into their device ecosystem by enabling a single, centralized web console view of the entire fleet of managed devices.
  3. Enhanced Kiosk Management for both Applications and Web: With SureMDM, administrators can now provide a secure and productive environment for employees by restricting access to certain Chrome Applications and Extensions, and blocking access to malicious URLs.

Additional functionalities and features included in 42Gears SureMDM ChromeOS support:

  • Configuration, Automation, and Application Management: With SureMDM, administrators can now offer profiles to configure user and device policies, and application management for deploying and controlling apps. These features enable administrators to efficiently manage ChromeOS devices, enforce policies, and maintain a secure computing environment.
  • User and Browser Policy: SureMDM enables administrators to configure network settings and define user-specific policies, granting precise control over user access, preferences, and settings. Additionally, browser policies offer comprehensive management of ChromeOS security settings and advanced configurations.
  • Device Policy: With SureMDM device policy management, organizations can enforce security measures, manage device permissions, define sign-in settings and enrollment access, and ensure compliance with company-wide policies. This feature empowers administrators with centralized control over ChromeOS devices, reducing potential security risks and ensuring uniformity across the fleet.
  • Apps and Extensions Policy: SureMDM allows IT teams to regulate the installation and usage of apps and extensions on ChromeOS devices. Administrators can manage and deploy Chrome Web Store applications across ChromeOS devices efficiently, and define policies to restrict or permit specific applications, ensuring a secure and productive environment while maintaining compatibility with organizational workflows.
  • Blocklist/Allowlist Apps: SureMDM offers the ability to create comprehensive blocklists and allowlists for apps, granting administrators granular control over the software ecosystem. This feature ensures that only authorized applications are installed and used on ChromeOS devices, reducing the risk of malware, unauthorized software, or productivity-draining distractions.

“We are excited to expand our mobile device management capabilities to include full support for ChromeOS,” said Onkar Singh, CEO of 42Gears. “Organizations can now look forward to improved management capabilities, security, and efficiency across ChromeOS devices. Our goal is to provide a comprehensive solution that empowers businesses and educational institutions to harness the power of ChromeOS while ensuring a secure and productive environment for their users.”

For more information about 42Gears Mobile Device Management’s ChromeOS support, please click here.

About 42Gears:

42Gears is a leader in enterprise mobility management, offering cutting-edge solutions that aim to transform the digital workplace. Delivered from the cloud and on-premise, 42Gears products support all major mobile and desktop operating systems, enabling IT and DevOps teams to improve frontline workforce productivity and the efficiency of software development teams. 42Gears products are used by over 18,000 customers across various industries in more than 115 countries, and are available for purchase through a global partner network. For more information, visit https://www.42gears.com  

PR Newswire

China Daily: Fengtai employs host of methods to find and retain talent

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BEIJING, July 13, 2023 /PRNewswire/ — A talent acquisition campaign in Fengtai, one of Beijing’s six core districts, was launched in July, accompanied with a series of events such as a talent conference held on Monday.

The Lize Financial Business District in Fengtai district
The Lize Financial Business District in Fengtai district

August and September will see more activities featuring Fengtai interns, campus open days and alumni return days. A group of support facilities such as a youth entrepreneurship salon and youth entrepreneurship and employment service station will be rolled out.

Prior to this, some introducing activities have been ongoing, such as the “Students Returning Home” WeChat app and the opening of the “Students Returning Home” hotline, as well as the unveiling of 90 talent stations.

In recent days, people can see posters of “Welcome students back to Fengtai” on the streets of Beijing. At some bus stops, promotional videos are playing on electronic screens, which show the longing for talent and development in the district.

Faced with an accelerating pace of technological revolution and industrial transformation, economic and social development has a greater desire for talents than before. How to retain talents has become an important aspect for Fengtai to achieve high-quality development.

At the talent conference, 49 talent teams and 30 special talent teams were selected for the Fengze Plan. They will be given support in terms of career development, personal growth and social security service.

The selected talents come from various industries, including the four leading industries of finance, technology, culture and commerce in Fengtai district, as well as important public services such as education and medical care.

Ning Yupeng, head of Beijing Zhyu Technologies, has been involved in the field of commercial cryptography and internet of things-supported technologies for many years. The company officially settled in Fengtai in early 2021.

“I was attracted by the industrial structure and industrial clustering in Fengtai,” Ning said. For him, being selected for the Fengze Plan is not only an incentive but a validation of his decision to move the company to Fengtai.

The company is located in Lize Financial Business District, which is regarded as the capital’s second financial district. As of June 25, the number of settled enterprises in Lize reached 1,048. Financial and technology enterprises account for more than 70 percent of the total.

Ning learned that several enterprises in the field of commercial cryptography had settled here before his move and the industry has shown a trend of concentration. Moving the company here would make it easier for cooperation and the company’s growth.

“The policies of talent and tax rebates in Fengtai are particularly attractive. These industrial policies give companies more confidence in recruitment, employment and retention,” Ning said. He added that Fengtai’s investment promotion policies were inspiring and he could feel the pragmatic working style of government departments.

Creating value for young talents

As one of the series of activities under the campaign, on July 4, Fengtai district opened 90 talent stations, which provide services such as policy consultation, conference and exhibition space, leisure and entertainment, and business negotiations for enterprises and talents.

On the opening day, the station located in Zhongguancun Fengtai Science Park received the first group of students for a visit. With spacious and comfortable negotiation venues and rich and detailed policy displays, companies and talents in the park can make appointments to use the multifunctional conference area and guest lounge for negotiations.

This talent station is located centrally, making it convenient for companies in the park. The spacious area, expanding more than 1,000 square meters, has abundant natural light. The bright color scheme creates a relaxed atmosphere, which is suitable for business negotiations.

On July 3, the “Students Returning Home” mini-app was launched on WeChat. It collects talent’s needs such as recruitment, internships, housing, cooperation and investment. It integrates platforms for industry project cooperation, innovative entrepreneurship and investment matching, and the student volunteer service.

This year, the number of college graduates in China reached a record high of 11.58 million, raising the issue of graduate employment. During the graduation season, Fengtai district will organize innovative online and offline recruitment activities such as a “job fair night market and “livestreaming job introduction” to provide better services.

Fengtai district has signed cooperation agreements with eight universities — including Peking University, Tsinghua University, Renmin University of China, Beijing Normal University — and six enterprises to establish innovation and practice bases, and cooperated with experts from nine key educational institutions to provide guidance for students.

In recent years, Fengtai district has provided comfortable and affordable housing for various talents through means such as guaranteed rental housing. Currently, more than 1,900 sets of housing have been allocated to key enterprises in the district.

Earlier this year, Fengtai district launched its first pilot housing project for new graduates. The complex has well-equipped facilities including a gym, communal kitchen, meeting room and reading area, meeting the needs of young people.

For foreign talents working in China, Fengtai district has designated a window in the government service center to provide an exclusive one-stop service point.

In April, Beijing Fengtai International Talent Development Group was established in the district. The group operates in a market-oriented manner and collaborates with government, institutions and enterprises to jointly promote talent policies.

Sun Yingqi, a graduate of Peking University, works in Fengtai. In her opinion, Fengtai is a place that encourages and protects innovation, and is full of vitality and energy.

After graduating from Renmin University of China, Liu Yingran came to work in Fengtai. She said that choosing Fengtai means she can integrate her dreams into the development layout of the region.

Contact （8610）63397070 to learn more about “Students Returning Home”.

PR Newswire

New partnerships and pro-investment reforms announced as tenth Mongolia Economic Forum takes place in Ulaanbaatar

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ULAANBAATAR, Mongolia, July 13, 2023 /PRNewswire/ — The tenth Mongolia Economic Forum (MEF) continues in Ulaanbaatar today amidst the announcement by the Government of two new bodies to support investment into the country and of new partnerships with Elon Musk’s SpaceX and leading geo-location company What3Words. This also follows the recent upgrading of Mongolia’s projected economic growth in 2023.

The Prime Minister of Mongolia speaks at the 2023 Mongolia Economic Forum in Ulaanbaatar
The Prime Minister of Mongolia speaks at the 2023 Mongolia Economic Forum in Ulaanbaatar

2,200 guests from around the world – including leading representatives from global businesses, the third sector and multilateral organisations – are gathering for this two-day event (9-10 July) to discuss how they can work in partnership with the Mongolian Government to deliver its goal of doubling the country’s GDP by 2030 and establishing Mongolia as a leading country in the region by the middle of the century.

Vision 2050 and the New Recovery Policy announced in 2022 set a clear strategic direction for Mongolia’s sustainable development to inform the Government’s wider policy programme. This direction has enabled rapid progress to date and provides the foundation for the latest round of milestones announced this year at the Forum.

This morning the Government announced the creation of the Private Partnership Centre and the Investment and Trade Agency, to support more investment into the country. The Investment and Trade Agency, for example, will provide ‘a bridge for business in Mongolia‘, providing assistance in the protection of investors’ legitimate rights and interests, helping expand import diversification and to improve the competitiveness of import substituting industries.

In addition, in his keynote address to the Forum this morning, Minister for the Economy and Development and Deputy Prime Minister Khurelbaatar Chimed outlined the opportunities for investment that exist in Mongolia and the Government’s intention to amend the Draft Law on Investment to help facilitate new investment partnerships.

Figures show that the Government’s focus on removing barriers to growth through its US$ 49 billion New Recovery Policy – unveiled in December 2021 – and Vision 2050 blueprint are continuing to deliver results. Following above-forecast growth of 4.8% in 2022 – 1.1% of which was attributable to the New Recovery Policy – and growth of 7.9% in the first quarter of this year, the country’s growth forecast for 2023 has been upgraded from 5% to 6%. The growth forecast for 2024 is now 6.5%.

This growth, particularly following the pandemic, was made possible by working closely with Dr Tedros Adhanom Ghebreyesus, Director General of the World Health Organisation (WHO). Through working together, we achieved remarkable vaccination coverage of Mongolians during the pandemic, with 90% of the target group receiving at least the first dose. This helped us end COVID-19 restrictions in February 2022, and ensured that our mortality rate was five times lower than in other countries. We are delighted that Dr Ghebreyesus has been able to attend this year’s MEF.

A key part of our ‘Vision 2050’ plan is fostering a culture of well-being. Since May 2022, the Government has run a campaign to encourage take-up of early screening and diagnosis services, a key milestone in encouraging the proactive management of our people’s healthcare. I am delighted that 1 million citizens have taken part in this initiative so far.

Two announcements of significant new investment in Mongolia have also been made over recent days, underlining the benefits being delivered by the Government’s pro-growth agenda:

  • The Government of Mongolia has entered into an unprecedented alliance with SpaceX, enabling millions of internet users in Mongolia to access high-speed internet through Starlink, particularly benefiting people in rural areas and supporting Mongolia’s digital transformation
  • The Government of Mongolia has also forged new strategic alliances with technology company What3Words, supporting the use of Optical Character Recognition technology to streamline postal services, and enabling the increased visibility of Mongolia’s heritage sites and key tourism spots

The Prime Minister of Mongolia, Oyun-Erdene Luvsannamsrai, comments:

“I am delighted to welcome guests from around the world to the tenth Mongolia Economic Forum to discuss how we can work in partnership to unlock the economic potential of Mongolia – currently one of the fastest growing economies in the world.

“This follows two major announcements of additional investment in Mongolia, and the commencement of underground production at the Oyu Tolgoi copper mine with Rio Tinto in March, demonstrating Mongolia’s growing attractiveness to international investors.

“Our impressive recovery from the pandemic, supported by the Government’s New Recovery Policy, provides a strong foundation for tackling long-term barriers to sustained high levels of growth. I welcome the opportunity that the Forum provides to discuss how greater collaboration can help us make even more progress in the years ahead.”

This year’s MEF, the tenth since the inaugural Forum in 2010, is being co-hosted by the Prime Minister of Mongolia, Oyun-Erdene Luvsannamsrai, and the Chairman of the Board of Directors of Rio Tinto Group, Dominic Barton, under the theme of ‘Welcome to Mongolia‘, emphasising the Government’s commitment to offering a warm welcome to visitors to the country whether they’re travelling for business or tourism. In his own keynote address to the Forum this morning, Mr Barton emphasised that the vision, ambition, resource, and talent that Mongolians have can achieve anything, adding that the strong economic conditions of a decade ago had returned to the country.

Highlights of this year’s MEF include:

  • A dedicated ‘MEF Youth’ event, exploring how the talent and potential of the majority of Mongolia’s population who are under thirty years old can be harnessed to help the country benefit from the technological and economic advances of the 21st century
  • Following the Government’s declaration of 2023 as the ‘Year of Anti-Corruption’, a series of events focused on convening experts from key international organisations to discuss how progress to date in this area can be built upon and Mongolia can learn from best practice around the world. This follows the number of cases referred to the courts by the anti-corruption agency that are resolved having risen from 26% in 2019 to 43% in 2022
  • Earlier today, the Ministry of Environment and Tourism and leading global environmental organisation The Nature Conservancy announced at MEF the launch later this month of a Conservation Trust Fund (CTF). By establishing a more sustainable system for the financing of conservation projects in Mongolia, the CTF will help Mongolia achieve its sustainable development and climate change goals
  • Four plenary sessions and fifteen sub-sessions on topics as varied as the digital economy, food manufacturing, sustainable growth, urban development and capital markets, are being held

A number of Government Ministers are available for media interviews, including in English. 

PR Newswire

WiMi Hologram Cloud Proposes A New Lightweight Decentralized Application Technical Solution Based on IPFS

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BEIJING, July 12, 2023 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced a blockchain distributed storage framework that presents a pooling algorithm and inverse process for IPFS-based DAPP schemes. The combination of DAPP with IPFS allows for a lightweight layout. By putting the static resources, data storage layer, distributed database, communication layer, and other parts of DAPP into the IPFS network, the data storage pressure on the chain can be effectively reduced, and the performance and availability of DAPP can be improved. In the implementation process, the IPFS network can be operated through the IPFS API to realize the interaction and communication between DAPP and IPFS.

The IPFS-based DAPP solution proposes a solution for data storage on the blockchain. It can store files and put unique and permanently available IPFS addresses into blockchain transactions. In this way, there is no need to put the space-hogging data on the blockchain. On the other hand, IPFS can also assist various blockchain networks in transferring information and files, thus increasing the scalability of the blockchain. Based on these advantages of IPFS, WiMi designed the main elements of the distributed pool, including the distributed storage phase and the invocation evidence phase.

The evidence phase is called to recover the original image by reversing the distributed pooling operation. After completing the distributed storage phase, it becomes easier to query the corresponding data hash address from the database. The distributed nature of IPFS makes the hash of the address uniquely trusted. Therefore, in the case of trusted nodes, the original data can be recovered using the inverse distributed pooling operation after confirming the correction of node addresses.

WiMi’s DAPP solution effectively solves the problem of insufficient storage space and reduces the cost of storage on the blockchain with the help of IPFS. By accessing the IPFS network, the data on the blockchain will become smaller, and therefore the storage space required by individual nodes will be reduced. Secondly, it greatly improves fault tolerance and can identify data stored in any node. In addition, the scheme can be recovered entirely losslessly, with no data lost from each node. Even if some information is lost, it can be retrieved proportionately to the information retained, which is helpful for excellent application capabilities.

With the rapid development of blockchain technology in these years, DAPP is also developing rapidly and will be the leading force in the application market. WiMi’s solution has significant market advantages and opportunities:

1. Reduced data storage cost: IPFS can be used as the distributed storage layer of DAPP, and the data will be stored in the IPFS network in a decentralized manner, which can reduce data storage costs and improve the availability and stability of DAPP.

2. Improved data access speed: Static resources in DAPP can be stored in the IPFS network, and you can locate these resources through IPFS Hash. This can improve the data access speed and reduce the data storage pressure of DAPP on the chain.

3. Improved data privacy: IPFS uses distributed storage, which allows data to be stored on multiple nodes, enhancing data privacy and reducing the risk of data leakage.

4. Better development experience: Using IPFS allows developers to focus more on developing business logic during the development of DAPP without paying too much attention to the implementation and maintenance of infrastructure, thus improving development efficiency and development experience.

With the popularity of decentralized applications and the development of blockchain technology, WiMi’s technical solution can bring a better experience and services to various participants in the blockchain ecosystem (such as users, developers, enterprises, etc.). At the same time, it also provides a better technical basis for developing new types of decentralized applications. WiMi’s lightweight advantage can bring many benefits and market opportunities, including reducing data storage costs, increasing data access speed, improving data privacy, providing a better development experience, and opening up new market opportunities.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

Source: WiMi Hologram Cloud Inc.

PR Newswire

Nothing Introduces Phone (2)

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Phone (2) evolves the smartphone experience to be more mindful and intentional, while delivering best-in-class features

BANGKOK, July 12, 2023 /PRNewswire/ — Nothing today announced Phone (2), its highly anticipated second-generation flagship smartphone. Engineered to make smartphone usage more mindful, Phone (2) introduces the new Glyph Interface at the back, enabling users to minimize screen interactions by accessing key information at a glance. It also features a revamped Nothing OS 2.0, rooted in utility and designed to reduce distractions, while delivering a fast and smooth experience that embodies Nothing’s unique aesthetics. Powered by the top-of-the-line Snapdragon® 8+ Gen 1 Mobile Platform, Phone (2) delivers Nothing’s most premium smartphone experience to date, boasting a powerful 50MP dual rear camera with advanced algorithms for true-to-life photography, and a stunning 6.7-inch OLED display with LTPO.

Phone (2) evolves the smartphone experience to be more mindful and intentional, while delivering best-in-class features
Phone (2) evolves the smartphone experience to be more mindful and intentional, while delivering best-in-class features

“With Phone (2), we deliver top-notch features while encouraging more intentional smartphone usage through hardware and software design innovation,” said Carl Pei, CEO and Co-founder of Nothing. “The smartphone is a vital tool in our lives, but it has increasingly become a distracting force, making us less present and less creative.”

Iconic Design

Nothing has meticulously engineered Phone (2) with obsessive attention to detail, delivering a refined version of its first-generation smartphone, Phone (1). Phone (2) showcases enhanced aesthetics, achieved through a harmonized and symmetrical design approach that carefully considers the shapes, colors, positioning, and texture of each component. Additionally, the device provides a more ergonomic hands-on experience with a 1 mm thinner midframe and a pillowed glass back.

New Glyph Interface

A keystone of Nothing smartphone design, the Glyph Interface was designed to encourage users to be more present in their everyday life, by providing essential information without the constant need to look at the screen. Additionally, users have the ability to assign personalized light and sound sequences to contacts and apps, allowing them to stay one step ahead of incoming notifications.

Nothing has enhanced its signature Glyph Interface on Phone (2) by increasing the number of LED segments to allow for greater customizability and functionality. The Glyph Interface can now serve as a visual countdown and progress tracker for ride or delivery services. It also offers additional functionalities such as a volume checker, and timer. With Essential Glyph Notifications, users can stay focused without missing what matters the most. When receiving a notification from selected contacts or apps, the top-right LED segment will remain on until it has been addressed.

Through the new Glyph Composer, users can personalize their experience further by creating their own unique Glyph Ringtones.

Nothing OS 2.0

Driven by a desire to reduce distractions and encourage intentional smartphone use, Nothing OS delivers a fast and smooth user experience rooted in utility, while embodying Nothing’s design aesthetics.

With a new monochrome layout and the possibility to remove app labels, Nothing OS 2.0 allows users to be more intentional when navigating their device by removing cues that have been optimized to grab attention. Nothing has reimagined home and lock screen utility with widgets so users can access key functions without having to even open their apps. Nothing OS 2.0 empowers users to customize grid design, widget size, and color themes, while introducing new folder layouts and illustrated covers.

Committed to providing a fast and smooth user experience first and foremost, Nothing has optimized its software, making app opening speed on Phone (2) up to twice as fast as that of Phone (1), while refining over 500 transitions and animations.

Powerful Camera Upgrades

Phone (2) offers Nothing’s most premium smartphone camera experience to date, featuring a 32 MP front camera, and a dual rear camera system that has two advanced 50 MP sensors, with a main sensor upgraded to the Sony IMX890.

Equipped with an advanced 18-bit Image Signal Processor (ISP), Phone (2) has the ability to process camera data up to 4,000 times more than its predecessor, Phone (1). This empowers Phone (2) to leverage cutting-edge algorithms, resulting in incredible levels of accuracy for both photos and videos. Capturing three times more data than before, the new Advanced HDR algorithm takes eight frames with varying exposure levels within the RAW domain of the sensor. This enables it to preserve an abundance of intricate details in each frame, ultimately merging them to produce a final image that captures the most true-to-life result. To further enhance the camera experience, Motion Capture 2.0, an advanced AI-based technology, facilitates real-time identification of moving subjects to ensure precise focus on all crucial details in a frame.

Phone (2) elevates video recording capabilities with stunning 4K resolution at 60fps on the main rear camera. The experience is further enhanced by Action Mode, ensuring seamless filming even while on the move. With built-in EIS (Electronic Image Stabilization) and OIS (Optical Image Stabilization), users can expect flawlessly smooth results. Additionally, the front camera enables captivating self-recording in immersive 1080P at 60fps.

Premium Performance

Phone (2) delivers an entirely elevated experience. Packed with the Snapdragon® 8+ Gen 1 Mobile Platform and 4700 mAh battery, Phone (2) delivers a fast performance and lasting battery life to power users through their everyday lives. Users can charge fast and wirelessly, reaching 50% power in just under 20 minutes of fast wired charging.

Featuring Nothing’s most premium smartphone display to date, Phone (2) offers an edge-to-edge 6.7-inch LTPO OLED display with adaptive refresh rate from 120hz to 1z to ensure optimal power consumption and peak performance, without compromising on battery life.

Sustainability

Phone (2) marks the cumulation of the company’s ongoing sustainability initiatives. Despite incorporating more advanced features and components compared to its predecessor, Phone (2) achieves a 5 kg reduction of CO2, exemplifying Nothing’s ongoing commitment to sustainability across the years. The following key initiatives have contributed to this achievement:

  • 100% recycled aluminum mid-frame, buttons, and SIM tray tip.
  • 80% of plastic parts made from recycled and bio-based materials.
  • 100% recycled tin used on 9 circuit boards.
  • 100% recycled copper foils used for the main board.
  • Over 90% recycled steel used for all 28 steel stamping parts.
  • Zero waste from the assembling process ends up in landfills.
  • 100% renewable energy used across the final assembly plant and the recycled aluminum production plant.
  • FSC MIX certified (The Forest Stewardship Council) plastic-free packaging with over 60% recycled fiber.

Availability and Pricing

  • Phone (2) is available in both white and dark gray, with two variants to choose from: 12GB/256GB (24,990THB) and 12GB/512GB (27,990THB)
  • In Thailand, users will have the chance to be amongst the first in the world to purchase Phone (2), as well as get some exclusive perks and offers available on a first come first served basis. Full details are below:
    • Address: Carnival Siam Square
    • Opening hours: 11.00 (GMT+7)
    • Date: Saturday, July 15th
  • Customers in Thailand will be able to pre-order Phone (2) beginning on Monday, July 17th at dotlife Website and Shopee Nothing Official Store.
  • Phone (2) will be publicly available in Thailand on Saturday, July 22nd at dotlife stores.

A full list of specifications and features can be found on nothing.tech. To stay updated on all the latest information, please follow Nothing on Instagram, TikTok, and Twitter.

About Nothing

Nothing is here to make tech fun again. Founded in 2020, their debut smartphone, Phone (1), made Time Magazine’s prestigious “Best Inventions of 2022”. Through cutting-edge design and user interface innovation, the London-based company is creating an alternative ecosystem of tech products for the young and creative. Nothing’s products are developed in close collaboration with their community, which includes over 8,000 private investors, and are crafted with sustainability at the forefront.

Phone (2) assets