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PR Newswire

JinkoSolar to participate at COP28 United Nations climate conference

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SHANGRAO, China, Nov. 30, 2023 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its participation at the COP28 United Nations climate change conference taking place in Dubai from November 30th to December 12th, underlining its leadership role in the solar energy sector and its commitment to addressing the challenges posed by global warming on a global scale.

This year’s COP28 motto “Partnership Promotes Progress”, could not be more accurate. “Collaborative action is urgently needed to deliver an equitable energy transition. COP28 provides an excellent forum for real progress to be made towards climate action,” stated Dany Qian, Vice President of Jinkosolar. She added, “Increasing global temperatures and environmental disasters show that we are already behind schedule. Any extra barriers to halt the progress doesn’t make sense. Every decision we make and action we take must be for the benefit of everyone on earth. “

As a full participant in the efforts to combat global warming, the Company will have a presence at the main conference and deliver a keynote speech titled ‘Solar is all, solar is for all’ in a series of key side events, engaging with all stakeholders to provide concrete actions for a just, equitable and affordable energy transition for all.

Jinkosolar is committed to accelerating transitioning to a world powered by more sustainable energy. Through its innovative technologies, extensive experience and a proven deliverable strategy, the Company is helping to make solar the answer to climate change.

As the world’s first solar company joining RE100 and EP100, Jinkosolar has committed to power 100% of its own business activities along its entire value chain with renewable energy by 2028.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had 14 productions facilities globally, 24 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and global sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of September 30, 2023.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com  

Source: JinkoSolar Holding Co., Ltd.

PR Newswire

Tech Mahindra Awarded Frost & Sullivan’s 2023 Global Enabling Technology Leadership Award for Its Innovative Cognitive AI Field Service Management Solution

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Tech Mahindra has further cemented its leading position in the market with its cutting-edge solution field services solution Yantr.ai

SAN ANTONIO, Nov. 30, 2023 /PRNewswire/ — Frost & Sullivan recently researched the cognitive field services management industry and, based on its findings, recognizes Tech Mahindra with the 2023 Global Enabling Technology Leadership Award. Tech Mahindra is a leading provider of digital transformation, consulting and business re-engineering services and solutions.

2023 Global Cognitive Field Service Management Enabling Technology Leadership Award
2023 Global Cognitive Field Service Management Enabling Technology Leadership Award

Organizations grappling with field services operations face challenges such as high operating costs, manual and disparate workflows, fragmented and manual planning, rudimentary dispatch systems, multiple enterprise management systems, and decentralized data. While Tech Mahindra delivers a full spectrum of field service management solutions, it was awarded for Yantr.ai —a groundbreaking cognitive artificial intelligence (AI) solution. Yantr.ai significantly optimizes field services through deep analytical insights, decision-making support, and future-proof strategic planning. This innovative solution helps global businesses identify lags and create a flawless field ecosystem by providing actionable insights and recommendations, leveraging superior digital technology capabilities, including machine learning (ML) and AI.

Tech Mahindra offers Yantr.ai at a flexible price with modular functionality deployment options. It includes multiple license options to select suitable features and capabilities for business needs. For this reason, investing in Yantr.ai dramatically reduces the costs associated with hardware maintenance, upgrades, and administrative tasks needed to manage the physical infrastructure.

“Launched in September 2022, Yantr.ai is a cognitive AI solution that optimizes field services through deep analytical insights, decision-making support, and future-proof strategic planning. The platform combines technology, data, and people to automate, optimize, and improve experiences for field service operations. It helps customers identify lags and create a flawless field ecosystem through actionable insights and recommendations,” said Sherrel Sonia Roche, industry principal for ICT Research at Frost & Sullivan.

The organization’s commitment extends beyond the launch, constantly integrating customer feedback for continuous improvements and to ensure that its systems and processes perfectly align with the market’s evolving needs. Furthermore, Tech Mahindra’s relationship with customers continues after implementation as it assists them through consulting and technical assistance, delivering maximum value from its Yantr.ai deployment. This customer-centric approach focuses on understanding customers’ unique operational challenges and desired outcomes, translating to better field service operations and continuous technology innovation.

“Tech Mahindra aims to create differentiated client value through a consultative approach and industry-specific solutions. Yantr.ai has propelled field service operations to the next level by addressing customers’ most pressing challenges. Through a deep understanding of its customers’ operating environment and domain expertise, Tech Mahindra has identified specific pain points in visibility, productivity, and cost optimization,” noted Roche.

Each year, Frost & Sullivan presents this award to a company that develops pioneering technology that enhances current products and enables new product and application development. The award recognizes the high market acceptance potential of the recipient’s technology.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Tarini Singh
P: +91- 9953764546
E: Tarini.Singh@frost.com 

About Tech Mahindra

Tech Mahindra offers innovative and customer-centric digital experiences, enabling enterprises, associates, and society to Rise for a more equal world, future readiness, and value creation. It is a USD 6.5+ billion organisation with 148k+ professionals across 90 countries helping 1250+ global customers, including Fortune 500 companies. It is focused on leveraging next-generation technologies including 5G, Metaverse, Blockchain, Quantum Computing, Cybersecurity, Artificial Intelligence, and more, to enable end-to-end digital transformation for global customers. It is the only Indian company in the world to receive the HRH The Prince of Wales’ Terra Carta Seal for its commitment to creating a sustainable future. It is the fastest growing brand globally in ‘brand value rank’ and among the top 7 IT brands globally in brand strength with AA+ rating. With its NXT.NOWTM framework, Tech Mahindra aims to enhance ‘Human Centric Experience’ for its ecosystem and drive collaborative disruption with synergies arising from a robust portfolio of companies. It aims at delivering tomorrow’s experiences today and believes that the ‘Future is Now’.

Tech Mahindra is part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federations of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology, and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Connect with us on www.techmahindra.com || Our Social Media Channels
http://www.facebook.com/TechMahindra
http://twitter.com/Tech_Mahindra
http://www.linkedin.com/company/tech-mahindra
http://www.youtube.com/user/techmahindra09

For more information on Tech Mahindra, please contact:

Abhilasha Gupta, Global Corporate Communications and Public Affairs
Email: Abhilasha.Gupta@TechMahindra.com; media.relations@techmahindra.com

PR Newswire

Enabling Pathways to a Sustainable Future: KAPSARC’s Active Role at COP28

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RIYADH, Saudi Arabia, Nov. 30, 2023 /PRNewswire/ — As the world eagerly anticipates the 2023 United Nations Climate Change Conference of the Parties (COP28) in Dubai from November 30 to December 12, the King Abdullah Petroleum Studies & Research Center (KAPSARC) positions itself at the forefront, ready to contribute with invaluable energy expertise and insights to help shape the global discourse on climate strategies and policies.

Enabling Pathways to a Sustainable Future: KAPSARC's Active Role at COP28
Enabling Pathways to a Sustainable Future: KAPSARC’s Active Role at COP28

COP28 signifies a pivotal moment in our collective journey, working to deliver solutions that reduce greenhouse gas (GHG) emissions and limit global warming to 1.5 degrees Celsius in accordance with the Paris Agreement goals. With a central focus on global stocktake, mitigation, adaptation and finance the conference aims to provide actionable energy pathways, setting the stage for a resilient and inclusive climate future.

In anticipation of this critical event, KAPSARC’s President Fahad Alajlan expresses the center’s dedication, stating, “As a UNFCCC accredited observer, KAPSARC eagerly joins this year’s COP28, hosting an official side event and additional activities, engaging in panel discussions, and pledging to contribute expertise and insights to global initiatives combating climate challenges.”

KAPSARC’s engagement in COP28 spans across diverse and critical topics, reflecting the center’s commitment to science-backed and data-driven discussions. With over 20 events and contributions from more than 15 experts spanning four critical themes, KAPSARC is poised to actively participate in this important climate dialogue.

Highlighted KAPSARC events at COP28:

Connecting the Dots for the Hydrogen Economy – December 3: Shahid Hasan, Fellow- KAPSARC. Ghassan Wakim, Zero-carbon Fuels Production and Export Director, Clean Air Task Force, Rami Shabaneh, Fellow- KAPSARC.

Decarbonizing Aviation and Maritime Sectors – December 4: Andres Felipe-Guzman, Fellow- KAPSARC, Nora Nezamuddin, Fellow- KAPSARC.

Role of LPG in Enabling the Just & Inclusive Energy Transition – December 5: Fateh Belaid, Fellow- KAPSARC.

Hard-to-abate Sectors in the Energy Transition: Bridging Gaps in Implementation & Enablers – December 6: Fahad Alajlan, President – KAPSARC Fatih Yilmaz, Fellow I- KAPSARC – Mohamad Hejazi, Director Climate & Sustainability – KAPSARC.

Launch of the 2023 Circular Carbon Economy Index – December 9: Fatih Yilmaz, Fellow, KAPSARC.

Satellite Technology for Measuring & Tracking GHG Emissions – December 10: Walid Matar– KAPSARC. Anwar Gasim, KAPSARC, Abdelrahman Muhsen, KAPSARC.

For media inquiries please contact Rami Husseini, rami.husseini@havasme.com, media@kapsarc.org, +966506635580

*About KAPSARC:

KAPSARC is a leading Middle East think tank dedicated to advancing knowledge on energy, environment, and regional economic issues. Accredited observer of UNFCCC, KAPSARC actively contributes to global climate action. The mission of KAPSARC is to advance Saudi Arabia’s energy sector and inform global policies through evidence-based advice and applied research. 

PR Newswire

Zhang Yu with Tencent Health: AI-Driven Customer Interaction Solution NGES Effectively Supports Pharmaceutical Enterprises’ Smart Operations

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SHANGHAI, Nov. 29, 2023 /PRNewswire/ — In recent years, the Chinese pharmaceutical industry has been undergoing significant changes in its operational methods, driven by improvements in national regulations and changes in user behaviors and attitudes. Traditional operational approaches and marketing techniques of pharmaceutical enterprises are experiencing diminishing marginal effects, prompting an increasing number of pharmaceutical companies to prioritize and upgrade their digital marketing strategies to adapt quickly to these changes.

Zhang Yu, Tencent Health
Zhang Yu, Tencent Health

As the interaction between pharmaceutical companies and domestic digital platform enterprises becomes more closely intertwined, digital platform companies, known for their rapid iteration and flexible adaptation to customer needs, are providing intelligent and customizable professional tools for pharmaceutical enterprises. In 2023, Tencent released NGES, a new-gen customer interaction solution catering to Health Care Professionals (HCP), marking another milestone in the digital practice of the pharmaceutical industry.

Several renowned pharmaceutical companies, including AstraZeneca and Eisai Co, have adopted NGES for digital innovation, reporting progress in compliant operations, precision marketing, and collaborative work. NGES makes communication between pharmaceutical sales representatives and healthcare professionals as smooth as daily conversations on WeChat, with the system automatically handling the materials and summaries required before and after communication. This allows both parties to focus their energy and time on academic efforts.  

What drives Tencent and numerous pharmaceutical companies into this digital innovation? Zhang Yu, Vice President of Tencent Health and the initiator of the NGES project, has witnessed all these changes. At the T-Inspire industry summit on November 17th, he publicly discussed the current needs and pain points in the pharmaceutical industry, as well as how he and his R&D team adopted innovative concepts and model innovation to promote the precise digital upgrade of medical care.

Pharmaceutical Industry amid Tremendous Changes

Previously, pharmaceutical companies focused on core markets in large cities and internal hospital markets, employing a large number of sales representatives for face-to-face communication with customers. They relied on graded questionnaires to gain insight into customer demographics. However, the profit margins of pharmaceutical enterprises narrowed by medical insurance Value-Based Purchasing (VBP) have necessitated cost reduction and efficiency improvement. Additionally, the crackdown on medical corruption has compelled enterprises to rely more on compliant academic promotion for marketing. The rapidly changing market environment has led to a continuous reduction in the number of offline sales representatives, requiring fewer personnel to engage with a larger number of doctors.

Market changes have also brought about a revolution in marketing strategies. Pharmaceutical companies are expanding their target markets from tier-one and tier-two cities to broader regions. Interaction with doctors is no longer confined to hospital departments, with online content marketing and academic conferences becoming increasingly important. In the post-pandemic era, there is a willingness to embrace new online methods such as virtual academic conferences, with AstraZeneca revealing that around 35,000 meetings per month in the Chinese market are held on Tencent Meeting.

The evolution of online communications has enabled pharmaceutical companies to comprehensively understand user behavior data, which is more objective than those from traditional questionnaires and offers a more diverse customer profile. Based on these data, pharmaceutical companies can implement data mining and label analysis. Utilizing the insights from user behavior data, pharmaceutical companies can recommend personalized content, resulting in a more precise marketing strategy.

Behind these needs of pharmaceutical companies, there is a requirement for comprehensive technological support, such as social contact, big data, artificial intelligence, cloud services, and security. Zhang Yu and his team at Tencent Health have astutely perceived that Tencent has the opportunity to excel in this untapped market space.

Tencent’s Vision: Facilitating Professional Interactions in the Healthcare Ecosystem

Tencent, with its rich experience in communication, social media, and online marketing, and boasting a national-level application—WeChat—with over 1.3 billion monthly active accounts, has been actively involved in the digital upgrade across various industries. When talking with pharmaceutical companies, Zhang Yu made it clear that at this pivotal moment in enterprise marketing, Tencent aims to leverage its products and technology to facilitate professional interactions between pharmaceutical enterprises and doctors.

Zhang Yu painted a scenario for executives of pharmaceutical enterprises, emphasizing that many successful stories of pharmaceutical companies demonstrate that WeChat is the most frequently used online tool by doctors. Through various channels on WeChat, pharmaceutical companies can reach customers comprehensively, forming a rich ecosystem for the pharmaceutical industry. He cited an example, “Doctors use WeChat Official Accounts to obtain medical information and knowledge. WeCom also provides a solid foundation for efficient internal collaboration within pharmaceutical companies. Pharmaceutical sales representatives and medical science liaisons can share information, leading to more targeted explanations and more efficient summaries after visits.”

“WeChat’s Official Accounts, applets, and Tencent Meeting provide a more convenient way for pharmaceutical sales representatives and doctors to interact online, with data fusion completed in the backend. We have always considered placing HCP at the center, helping pharmaceutical companies find the right audience, push the right content at the right time and in the right way. Ultimately, we have facilitated the integration and innovation of Tencent’s existing resources to create a brand-new NGES for pharmaceutical companies and doctors.” added Zhang Yu.

A multinational pharmaceutical company executive told Zhang Yu, “We really need this platform. After the pandemic, there is an urgent need for iteration in our external meeting systems. We have multiple candidate solutions, but we have found that the primary social tool for pharmaceutical sales representatives and doctors is WeChat. When it comes to non-professional meetings, the most widely used tool is WeChat Meeting. Can WeChat be developed into a professional communication platform that complies with the pharmaceutical industry’s regulatory requirements?”

With nearly 20 years of experience in the field, Zhang Yu, faced with the urgent need of pharmaceutical companies for a solution, showed a mix of optimism and a measured approach, “An ancient Chinese poem goes, ‘Moistening things quietly without making a sound,’ depicting the gradual and comfortable process of adaptation. We hope to adapt to the traditional habits and new demands of the pharmaceutical industry through a gentle and soft progressive approach.”

Innovative Customer Interaction in the Healthcare Sector

Over the past two years, Tencent Health has continuously upgraded NGES based on user feedback in the healthcare industry, creating an all-encompassing platform for customer interaction within the healthcare sector. The platform consists of three layers, with the top layer featuring a new generation of interactive scenes deeply integrated into the Tencent ecosystem. Leveraging widely-used Tencent products in doctors’ daily lives, such as HCP WeChat, Official Accounts, applets, Tencent Meetings, among others, this layer serves as a bridge connecting pharmaceutical enterprises and healthcare professionals. Through bidirectional interactions with doctors via WeCom, pharmaceutical companies can efficiently advance their digital operations, including customer classification, meeting execution applications, new customer requests, speaker management, offline and online visits, medical inquiries, and collection of doctor perspectives, making academic promotion in healthcare more efficient.

The digitized mid-layer of the platform assists pharmaceutical companies in uniformly recording doctors’ identities and behaviors across different channels, generating high-quality comprehensive data. The data are then mined to create a tag system, offering insights into business operations. The accumulated data in the mid-layer are further analyzed and learned by the underlying medical big model through AI, enabling functions such as automated content generation and intelligent customer service.

Eisai Co., Ltd.is one of the first users  of NGES, and a partner providing extensive feedback and industry insights. Faced with continuous improvement suggestions, Zhang Yu and his team have tried to release multiple versions in a day to meet customer demands.. “The medical industry has a very strong demand for timeliness, especially in the face of digital transformation today. We hope that the platform architecture can, from bottom to top, output complete solutions, reduce delivery thresholds, and shorten project timelines. Of course, we are open and cooperative towards industry partners and welcome reliable collaborators to join this ecosystem, serving customers together and achieving accelerated innovation.”

Three Distinct Features of Tencent NGES

Compared to similar digital tools, Tencent NGES boasts three major features.

Integrated All-Channel Marketing: Firstly, it integrates key modules such as CRM, Events, and MCM, completing all-channel marketing scenarios around doctors seamlessly. This integration breaks down data silos within enterprises, forming a unified and complete profile of doctors and representatives, thereby optimizing business operations. Notably, NGES helps address data fragmentation issues caused by using different systems during work, as reported by Eisai Co. Thanks to NGES, the operational maintenance, which previously involved four systems working in parallel, has now been streamlined to just one, leading to cost reduction and significant efficiency improvement.

Strong Social Attributes Based on Tencent Ecosystem: Secondly, NGES leverages the powerful social attributes of the Tencent ecosystem, enabling doctors to interact conveniently with sales representatives through popular applications like WeChat, Tencent Meeting, and applets. This natural fusion of daily communication and academic promotion enhances doctors’ enthusiasm for engagement, providing more diverse communication channels compared to traditional visits.

AI Empowerment from Tencent’s Large Model: Thirdly, NGES benefits from Tencent’s AI capabilities, making Tencent the only service provider in the pharmaceutical industry with self-developed large model capabilities. With the support of large models, more innovative methods can be proposed by enterprise managers, bringing about a revolution in the field of pharmaceutical marketing.

Tencent AI Empowering Innovative Healthcare Scenes

Not long ago, Tencent, in collaboration with the China Academy of Information and Communications Technology, released China’s first vector database standard. The vector database is a foundational component for training AI large models, signifying Tencent’s leading position in the industry. Zhang Yu mentioned that his team has explored the potential of products built with AI large models and listed several typical innovative scenes achieved by NGES through AI large models:

Personalized Material Generation: Through AI-driven interactive tools, NGES utilizes Tencent’s accumulated professional content in the medical industry, combined with compliant content from the enterprise’s material library, to achieve personalized material generation. In various scenarios, it completes professional Q&A, assists representatives in preparing topics and content before visits, and provides action recommendations. Eisai Co. revealed that the company is exploring the application of NGES’s AI technology to enable sales representatives to input different academic topics, allowing the backend to retrieve corresponding content from a vast amount of data, automatically filter and sort it before delivering refined academic presentation.

ASR Speech Recognition in Medical Conferences: In medical conferences, NGES utilizes Automatic Speech Recognition (ASR) technology to accurately convert speech into dialogic transcripts. After the conference, AI can quickly extract key information from the content, generate meeting summaries, offer questions and answers aimed at the meeting content, and even actively highlight compliance risks in the meeting content. Eisai Co. said that the audiences were afflicted with the regional accent of speakers during meetings, but now AI digital finds a way out.

Voice Recognition for Content Reporting: During meetings, NGES employs voice recognition technology to help sales representatives automatically fill in content, improving the efficiency of report submission and gather more valid data. Simultaneously, NGES collects authentic feedbacks from customers, quantifying sales representatives’ competences from multiple dimensions, such as academic capabilities, communication skills, and compliance performance. After a visit, NGES can quickly provide scores for sales representatives’ academic abilities, communication skills, and compliance performance, offering improvement suggestions to continually enhance sales capabilities.

Zhang Yu stated that Tencent Health has mapped out a well-defined plan for the future development of the NGES customer interaction management platform in three years to come. The goal for 2023 is to leverage Tencent’s experience and advantages in product design and user experience to create a product that pharmaceutical companies and doctors will love to use. By 2025, based on the accumulated real data, NGES will extend its empowerment from sales representatives to enterprise executives. Through big data analysis and mining, it will provide insights into business operations, optimize resource allocation and layout, and identify compliance and business risks to support high-quality decision-making.

PR Newswire

Fosun Group Implements CCH® Tagetik Expert Solution from Wolters Kluwer for integrated budget management and reporting

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SHANGHAI, Nov. 29, 2023 /PRNewswire/ — Wolters Kluwer, a global leader in professional information, software solutions, and services, today announced that Fosun Group has selected CCH Tagetik Corporate Performance Management (CPM) software to help drive the digital transformation of its group finance operations.

Established in 1992, Fosun has evolved into a global, innovation-driven family consumer industry group over three decades. Fosun Group encompasses four core businesses: Health, Happiness, Wealth, and Intelligence, all experiencing steady growth. Health specializes in pharmaceuticals, medical devices, diagnostics, and health services; Happiness focuses on brand consumption, tourism, and culture; Wealth includes insurance and asset management; while Intelligence encompasses mineral resources, oil and gas, intelligent manufacturing, and high-tech industry expansion.

In response to the company’s rapid expansion, and to further promote its industrial operation, investment and digital strategies, Fosun Group’s finance team is now working to streamline and digitally transform its accounting and budget performance management processes, with the use of CCH Tagetik. Fosun Group will use the CCH Tagetik CPM platform’s intuitive interface, built-in financial intelligence, and automated workflows to fulfill the following objectives: 

  • Establish a standardized financial framework through digital construction.
  • Deliver timely and precise information to support innovation, international expansion, and in-depth industrial operations.
  • Enhance the efficiency of asset management and group-level accounting services, while advancing digital intelligence in financial operations and financial management. 

Tangchen Wu, Director of Financial Informatization Department, Fosun Group, said:
“CCH Tagetik is a powerful, strategic financial intelligence platform, which integrates budgeting and management reporting. CCH Tagetik will empower Fosun Group to collect, analyze and report budget management data, in a way that supports operational growth, internal collaboration and strategic planning.”

Fosun Group has chosen PwC, an internationally renowned financial consulting service provider, as the implementation partner for this project.

Michael Chung, Greater China Managing Director of CCH Tagetik at Wolters Kluwer, said:
“CCH Tagetik is the ideal platform to support Fosun Group’s continuous commitment to innovation, and will accelerate the company’s continued global expansion, by advancing the digital transformation of its business and finance processes. CCH Tagetik’s open architecture seamlessly integrates with Fosun Group’s existing business and finance applications, and will empower Fosun Group to flexibly customize the platform to fulfill its unique business requirements.”

About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in professional information, software solutions, and services for the healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.

Wolters Kluwer reported 2022 annual revenues of €5.5 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 20,900 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

For more information, visit www.wolterskluwer.com, and follow us on Twitter, Facebook, LinkedIn, and YouTube.

PR Newswire

“Industrial Finance Empowerment, Cohesion and Win-win” – The Fourth China-Korea-Japan Asset Management Summit Forum Draws to a Successful Close

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CHANGZHOU, China, Nov. 28, 2023 /PRNewswire/ — To cope with the new economic changes in the world and create a new economic development pattern in the Asia Pacific region, the 4th China-Korea-Japan Asset Management Summit Forum was held on November 22 in Zhonglou District, Changzhou, Jiangsu Province. The forum convened under the theme “Industrial Finance Empowerment, Cohesion and Win-win”. Representatives of multiple institutions, business leaders, experts and scholars from China, South Korea, and Japan were invited. In-depth exchanges and discussions were held on topics of China-Korea-Japan economic and trade cooperation and cross-border investment under the new situation, further development of industries assisted by diversified capital, and new trends in the development of asset management industries. Sheng Lei, Mayor of Changzhou Municipal People’s Government, attended the event and witnessed the contract signing. Yuan Huaizhong, Chairman of Beijing ALAN Asset Management Co., Ltd. (ALAN AMC), Lee Seung Lyul, President of Hana Bank, and Takakura Toru, President of Mitsui Sumitomo Trust Holdings, delivered speeches. Zhou Chengtao, the Secretary General of Changzhou Municipal People’s Government; Liu Min, Director of Changzhou Municipal Local Financial Supervision and Administration Bureau; and leaders of Zhonglou District including Shen Dong, Li Chaokun, Wang Xufeng, and Wu Wei attended the event.

This forum is co-organized by the People’s Government of Zhonglou District, Changzhou Local Financial Supervision and Administration Bureau, and Beijing ALAN AMC, with the cooperation of Hana Financial Group, Sumitomo Mitsui Trust Holdings, and Changzhou Zhonglou Jinlong Holding Group Co., Ltd. The forum was simultaneously live-streamed online on multiple platforms, including Beijing Private Equity Association (BPEA), Yicai.com, IFENG.com, Sina.com, hexun.com, Chinese Venture, PEdaily.cn, Chinaventure.com.cn, and Ruisi China.

The forum started with an opening speech by Li Chaokun, the mayor of the People’s Government of Zhonglou District, Changzhou City. Li stated that Zhonglou District was implementing the city’s “532” development strategy, focusing on the overall layout of the city’s “double-city” and “double-capital” construction. It is fully implementing the “dual-core linkage” strategic deployment of the “two lakes” innovation zone and the old downtown area and promoting the construction of first-class modern urban areas in the Yangtze River Delta with high quality to contribute to the entire region. He said that Zhonglou District would always adhere to the main theme of open cooperation, focus on the overall goal of financial services for the real economy, firmly adhere to the good practice of combining industry and finance, and strive to create a “Zhonglou model” of industry-finance combination, to help the “Trillion GDP city” become more convincing and efficient.

Yuan Huaizhong, Chairman of Beijing ALAN AMC, said in his speech that in the future, they would continue to actively leverage their international advantages, follow the strategic requirements of China’s high-quality economic development, actively invest in cutting-edge fields such as technological innovation, green transformation, industrial upgrading, and ESG, and play a guiding role in resource allocation with funds. “Changzhou, located in the core area of the Yangtze River Delta, has unique geographical advantages, a friendly business environment, and a complete industrial cluster. In the future, we hope to integrate more resources from South Korea and Japan and high-quality domestic financial resources into Changzhou and Zhonglou District, empowering industrial development.”

Lee Seung Lyul, President of Hana Bank, talked about Hana Finance’s global business. Together with ALAN AMC, they particularly regard China as the core country in the global market and work with Chinese partners such as ALAN AMC to gain success and profits in the Chinese market. He stated that the theme of this forum – “Industrial Finance Empowerment, Cohesion and Win-win” – perfectly matches the core vision of asset management industry development. He hoped that in the future, the cooperation between China, South Korea, and Japan in the financial field could be further strengthened, thus providing important support for the economic development in Asia.

Takakura Toru, President of Mitsui Sumitomo Trust Holdings, said in his speech that the “Era of 100-year life” was a social problem that all countries in Asia will face, also an area where trusts can play the added value. The scale of Japan’s real estate investment market (including REIT and private equity funds) is currently over JPY55 trillion (approximately CNY 2.7 trillion), which is continuously expanding, providing abundant investment opportunities. There are also challenges in the transformation. Sumitomo Mitsui Trust Holdings hoped to promote global common prosperity by solving social issues and striving to contribute to further developing asset management markets in China and Asia.

At the opening ceremony, the People’s Government of Zhonglou District signed a strategic cooperation framework agreement with ALAN AMC, pledging to make the investment more free and convenient, attract more foreign investment, help put more high-quality funds in science and technology innovation, green, and digital industries, and promote the high-quality development of the real economy.

Experts from China, South Korea, and Japan shared exciting information on the economy, society, and population in the forum. The three round-table forums held in-depth and high-quality discussions on topics of China-Korea-Japan economic and trade cooperation and cross-border investment under the new situation, the in-depth development of industries assisted by diversified capital, and new trends in the development of asset management industries, respectively. The forum actively explored investment opportunities of “Industrial Finance Empowerment, Cohesion and Win-win” to jointly create a new pattern of economic development in the Asia Pacific region. So far, the 4th China-Korea-Japan Asset Management Summit Forum has reached a successful conclusion!

The economic pattern has experienced great changes over the unprecedented transition in the last century, affecting the process of globalization. It has been a long and arduous journey for China, South Korea, and Japan to work together for a common destiny and promote joint development. We hope this forum can build a bridge for further exchanges and cooperation between China, South Korea, and Japan in the future. The three countries can enhance understanding, strengthen exchanges, and promote exchanges and cooperation in higher levels and broader fields.

Source: Beijing ALAN Asset Management Co.ltd.

PR Newswire

Abu Dhabi Finance Week Charts the Rise of the Falcon Economy with the Launch of Abu Dhabi Economic Forum

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  • The Chairman & CEO of JP Morgan Chase & Co praised the economic transformation agendas of Abu Dhabi, whilst announcing plans to expand the bank’s operations in ADGM.
  • Global finance leaders assembled to analyse ADFW’s main theme, ‘Investing in the transition era.

ABU DHABI, UAE, Nov. 28, 2023 /PRNewswire/ — In the presence of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, Abu Dhabi Finance Week (ADFW) commenced its four-day series of over 46 sub-events with a spectacular opening ceremony hosted under a specially designed event dome in the South Plaza of Abu Dhabi Global Market (ADGM) and followed the launch of the inaugural Abu Dhabi Economic Forum (ADEF).

The first day of ADFW brought together distinguished and high-level leaders from over 100+ countries under one roof to witness a range of high-level focused range of sessions, discussing Abu Dhabi’s rise as a global financial centre including keynote speeches, panel discussions, workshops, and presentations.

One of the highlights of the opening ceremony was a thought-provoking keynote speech by the legendary investor Ray Dalio, who delved into the complexities of the Changing World Order, drawing insights from his recent book. The participation of influential leaders and prominent figures such as Mr. Dalio, emphasised the international significance of ADFW and its objective to explore new paradigms in finance and economics.

In his address at the opening ceremony of ADFW, His Excellency Ahmed Jasim Al Zaabi, Member of Abu Dhabi’s Executive Council and Chairman of ADDED and ADGM welcomed the esteemed crowd to Abu Dhabi, the ‘Capital of Capital’ and the ‘Falcon’s Playground’ and shared his thoughts on the momentous occasion, saying, “Abu Dhabi Finance Week is a testament to our commitment to positioning Abu Dhabi as a global financial hub. The opening ceremony was a remarkable start to a week that promises to be filled with insightful discussions and meaningful partnerships. The ADEF, in particular, symbolises our dedication to fostering economic growth and innovation, in alignment with the changing world order and the rising Falcon Economy of Abu Dhabi and the UAE.”

The inaugural edition of ADEF was conducted in partnership with ADQ. The high-level event engaged in comprehensive discussions surrounding Abu Dhabi’s evolving economy within the changing global context.

The event witnessed the participation of a distinguished group of leaders, including CEOs of Sovereign Wealth Funds such as ADQ and Mubadala and Ministers of Economy and Climate. These discussions provided an international perspective on strategies to foster regional monetary cooperation in support of the Falcon Economy.

ADFW’s theme, ‘Investing in the Transition Era,’ was explored in a dedicated session, featuring prominent leaders from across the globe and deep-dived into the economic consequences and investment opportunities in a transitioning era.

A highlight of ADEF was the appearance of Jamie Dimon, Chairman and CEO of JP Morgan Chase & co, who praised Abu Dhabi’s economic growth planning, whilst announcing a major expansion of the bank’s operations in the Emirate. He stated ”The determination of the emirate that is forging ahead with its reform agendas is extremely impressive, be it their economic, financial and social agendas. These are not easy changes but there is clear progress on all fronts towards the goal to create a safe and secure society and a dynamic Falcon Economy. We’ve continued to add to the team this year and have submitted an application to upgrade our operating licence to a full category one banking entity, signalling our intent and commitment to the size of the opportunity here.”

In her keynote address at the ADEF, Her Excellency Mariam Almheiri, Minister of Climate Change & Environment, Government of UAE highlighted the event’s significance as a premier platform for connecting and problem-solving within the finance and business community in the MENA region. Her Excellency addressed the global challenge of climate change, praising the UAE’s proactive stance and advocating for a pro-climate, pro-growth strategy, and underscored the pivotal role of climate finance in achieving the goals of the Paris Agreement, expressing the UAE’s commitment to kickstarting transformative change at COP28 and making climate financing more accessible, available, and affordable for the world.

ADQ unveiled during ADEF the SWF’s fiver year progress along with a deep-dive into the company’s vision, journey and investment approach.

ADGM also made a milestone announcement, committing to extending the facilities arrangement with the World Bank’s office for an additional five years, signifying a continued collaboration on opportunities, in areas such as research, knowledge exchange, events and policymaking.

Abu Dhabi Finance Week is now in full swing, with its upcoming events Asset Abu Dhabi, Fintech Abu Dhabi, and the R.A.C.E Sustainability Summit scheduled for November 28th, 29th, and 30th, respectively.

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China Matters’ Features: Is China getting greener?

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BEIJING, Nov. 27, 2023 /PRNewswire/ — China Matters releases a talk show on China’s green development.

China aims to peak carbon emissions before 2030 and reach carbon neutrality by 2060. Harmony between humanity and nature has been defined as one of the five major features of Chinese modernization.

In this episode of The Talk, a talk show series under the video brand China Matters, we invite two environmental conservationists to share with us their stories in China.

Matt Grager, Climate Program Director of WildAid, believes Chinese people’s attitude shift towards environmental protection is related to certain governmental policies.

“It started with ecological civilization and people starting to understand harmony with nature,” said Matt Grager. “And then the dual carbon goal has come out, which really puts a numerical goal on that idea of ecological civilization.”

Paul Holt, a birdwatcher and environmental conservationist based in Beijing, pointed out that most Chinese have no interest or knowledge of wildlife based on his observation in China.

“I think it’s important to encourage an interest in wildlife and birds,” said Paul Holt. “The best way to do that is to start with young kids.”

YouTube Link: https://www.youtube.com/watch?v=FXJfdgzZdag&t=295s

PR Newswire

Dialogue, cooperation the only right choice for China, U.S.

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BEIJING, Nov. 26, 2023 /PRNewswire/ — A report from People’s Daily: “No way you make progress over the long term without China and the U.S. deeply talking to each other on something like AI,” said the head of an American multinational technology conglomerate. “It has got to be an integral part of the process.”

The recent meeting between the Chinese and U.S. heads of state in San Francisco has yielded multiple outcomes, including the establishment of government talks on AI, which, once announced, has greatly encouraged the international science and technology community.

It signified that the leaders of both countries agreed to promote and strengthen dialogue and cooperation in various fields, which aligns with the common expectations of the two peoples and the international community. It will also help establish a stronger bond of interest between the two sides and increase international confidence in stabilizing and improving the China-U.S. relations.

Chinese President Xi Jinping pointed out during the San Francisco meeting that China and the United States have broad common interests in a wide range of areas, including traditional areas such as the economy, trade and agriculture, as well as emerging areas such as climate change and AI. Under current circumstances, the common interests between China and the United States have increased, not decreased.

This has laid a foundation for the two countries to carry out mutually beneficial cooperation. The important consensus and outcomes achieved during the San Francisco meeting once again proved the mutually beneficial nature of China-U.S. relations, and demonstrated that dialogue and cooperation is the only right choice for the two countries.

Advancing mutually beneficial cooperation requires necessary channels and mechanisms.

Xi noted that it is important to fully utilize the restored and new mechanisms in foreign policy, economy, finance, commerce, agriculture and other fields, and carry out cooperation in such areas as counternarcotics, judicial and law enforcement affairs, AI, and science and technology. This fully demonstrated China’s sincere desire and responsible stance in promoting mutually beneficial cooperation and improving China-U.S. relations.

Important consensus has been achieved on advancing dialogue and cooperation during the San Francisco meeting. The two sides decided to step up high-level interactions, advance or launch regular consultations in such areas as commerce, economy, finance, export control, the Asia-Pacific, maritime, arms control and nonproliferation, foreign policy planning, China-U.S. joint working group, and disability issues.

The two sides also agreed to start consultations on extending the China-U.S. Science and Technology Cooperation Agreement, and on resuming the China-U.S. Joint Committee on Cooperation in Agriculture. They should make good use of these channels and mechanisms to effectively promote mutually beneficial cooperation.

History and reality have repeatedly shown that as long as China and the United States advance mutually beneficial cooperation, they can create opportunities to better address their respective challenges and pursue development. China and the United States have developed $760 billion in bilateral trade and $260 billion in their two-way investment, bringing growth momentum and well-being to both sides.

The exhibition area of American companies has been the largest for six consecutive years at the China International Import Expo, and over 200 U.S. enterprises joined the event this year. This clearly demonstrates that the American business community sees opportunities in China, and hopes to continue mutually beneficial cooperation with China.

China is pursuing high-quality development, and the United States is revitalizing its economy. There is plenty of room for their cooperation, and they are fully able to help each other succeed and achieve win-win outcomes.

Win-win cooperation is the trend of the times, and it is also an inherent property of China-U.S. relations. Both China and the United States should seize the opportunities, meet each other halfway, and jointly promote mutually beneficial cooperation, so as to consolidate the positive momentum of bilateral relations.

PR Newswire

Enhulk 930 by AiDot Unveils the Ultimate Power in Handheld Leaf Blowers

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LOS ANGELES, Nov. 25, 2023 /PRNewswire/ — As the seasons shift and outdoor tasks take precedence, Enhulk by AiDot introduces a game-changing addition to the seasonal toolkit. Meet the Enhulk 930CFM Handheld Leaf Blower, a powerhouse redefining leaf-clearing efficiency.

Enhulk 930 by AiDot Unveils the Ultimate Power in Handheld Leaf Blowers
Enhulk 930 by AiDot Unveils the Ultimate Power in Handheld Leaf Blowers

With an unmatched airflow rate of 930CFM and a powerful 58V battery, the Enhulk 930 delivers superior cleaning efficiency and durability. Designed for comfort and efficiency, it provides up to 120 minutes of uninterrupted cleaning, making it an ideal solution for yard, patio, and driveway maintenance.

“At Enhulk, power is ingrained in our DNA,” says Luke Lin, Chief Executive Officer at AiDot. “The Enhulk 930 is not just a leaf blower; it represents our commitment to continuously challenging the status quo of OPE (outdoor power equipment) industry by offering our users the most efficient and affordable products for their yard maintenance needs.”

Unmatched Airflow Rate: Setting the Standard

The Enhulk 930 stands out with its unmatched 930CFM airflow rate, which is credited to its aviation-level turbine technology and patented siphon nozzle design. The turbine, featuring advanced aerodynamics and robust materials, generates high-speed airflow, enhancing cleaning efficiency and durability. The patented siphon nozzle’s innovative design optimally guides and directs airflow, contributing to the exceptional performance of the Enhulk 930.

58V Battery Pack: Unleashing Nature’s Might

The Enhulk 930 comes equipped with a formidable 58V battery, boasting an impressive 120-minute runtime in variable speed mode on a single charge. Additionally, the battery belongs to the 58V Max Pro series and is interchangeable with other products within the same series, such as string trimmers, chain saws, and more. This functionality offers users extended operational periods and a seamless transition between tools, eliminating the hassle of dealing with multiple batteries.

EZ HMI™ and Ergonomics: Where Convenience Meets Comfort

Beyond its impressive airflow rate and battery performance, the Enhulk 930 ensures a user-friendly and comfortable experience. Users can easily manage the blower with three buttons for variable speed, turbo mode, and cruise control, while staying informed through the smart LED panel. Additionally, they can revel in the ergonomic design that includes a lightweight body, extended handle, and balanced control, providing the ultimate convenience.

Product Specifications:

  • 930 CFM max air volume and 200 MPH max air speed
  • 58V 5.0AH battery, 120 min runtime
  • Variable Speed & Turbo Mode
  • One-click Cruise Control
  • EZ-HMI LED control panel for mode and status
  • COOLBLAST™ System effectively lowers temperatures by as much as 12℉
  • High-power brushless motor
  • Ergonomic Design
  • Low-Noise Design

“At 930 CFMs, the Enhulk is almost unrealistically strong. Even most backpack leaf blowers don’t get up to this level of air volume, so to see this in a handheld blower is absolutely insane.” said Alex Kronk, editor of The Lawn Review

Price and Availability

In response to hot sales since its launch, Enhulk 930 shows appreciation to supporters with the #BeyondBlowing campaign on Amazon. Originally $299.99, an exclusive offer of $189.99, inclusive of the battery pack and charger, is accessible with the code ‘enhulk9d.’

For those seeking a compact solution for smaller yards, the Enhulk 730 proves to be an ideal choice, being 17% lighter than Enhulk 930. This model is conveniently available on both the AiDot website and Amazon, priced at $169.99, inclusive of the battery pack and charger.

About Enhulk:

Enhulk, a brand of AiDot, is a leading innovator in outdoor power tools, offering homeowners the most powerful heavy-duty tools, including a leaf blower, string trimmer, chainsaw, hedge trimmer, lawn mower, and more. Enhulk provides comprehensive solutions that boost productivity, maximize compatibility, and ultimately result in substantial savings.

For more information about Enhulk, please visit: https://enhulktools.com/

PR Contact: talia.qiu@aidot.com