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PR Newswire

SAS and IIASA call for crowd-driven artificial intelligence to help track deforestation

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SINGAPORE, April 22, 2020 /PRNewswire/ — SAS is committed to building a global community of innovators that use technology to ignite positive change for people and the planet. This Earth Day, SAS and the International Institute for Applied Systems Analysis (IIASA) are implementing the next generation of crowd-driven artificial intelligence (AI) to help power AI algorithms designed to help us better understand our planet.

IIASA is an independent, international research institute that is known for its expertise in systems analysis and providing policy solutions and baseline information on pressing concerns for humanity. IIASA is placing a spotlight on the issue of deforestation to learn about the application of AI to elucidate the interconnectivity of Earth’s ecosystems. Today, our systems are changing rapidly, approaching levels that exceed existing human experiences, scientific understanding and traditional modeling capabilities, making it increasingly difficult for humans to intervene efficiently, effectively and timeously.

“The urgency required to address these transformations requires the application of best of breed technology solutions. That’s why we turned to SAS,” said Albert van Jaarsveld, CEO at IIASA. “By combining the power of our environmental science research platforms, SAS’ AI and computer vision technologies, and the sheer intellectual power of concerned citizens, we will develop AI models that will exponentially increase the value of human insights and strive to deliver near real-time assessment of global environmental change.”

Powerful, accurate, useful AI models do not happen by magic. The development of an AI model starts with human intelligence. For this project, SAS and IIASA are jointly launching an online crowdsource-driven app to gather the collective intelligence of the crowd. They are asking volunteers — an army of citizen scientists from middle school students in today’s virtual classrooms to artists, engineers and professional data scientists — to kick-start this effort by reviewing and judging images of the rainforest. These images show land untouched and land that may have been affected by human development.

“Since image analysis is an important first step for the accurate assessment and projection of deforestation, we are asking people to see what technology can’t see, by examining and reporting on images of smaller incremental forestry incursions worldwide,” said van Jaarsveld. “Crowdsourcing helps improve the AI algorithms, expediting what used to take years to analyze, thus helping to drive vital policy responses to protect our forests more quickly.”

When people flag regions that have seen signs of human impact, they help make AI models become smarter. For example, it is easy for a human to distinguish between a road (which signals human impact) and a river (which does not), but an AI model will not know the difference until it obtains sufficient training through learning from human observations. Additionally, results from the model ensure that the crowdsourcing app focuses the attention of human judges where their expertise is most needed. The model will allow for increased efficiency of a volunteer human force that best makes use of their attention and insights for a broad array of projects aimed at monitoring and measuring important global change matters.

With the power of the crowd and the computer combined, SAS and IIASA will have a robust, extensive platform for empowering citizen scientists to assist in cutting-edge research that helps us all better understand, predict and thrive in the world we share. While the first phase of this partnership focuses on deforestation, there are plans to extend this platform to other environmental concerns where crowdsourcing can help serve the greater good.

As a start, everyone can play a role in making AI smarter and improve its ability to help protect our forests. From students who are currently out of the classroom to AI professionals and everyone in between, this activity allows each of us to make a difference just by looking at a few images. Head to sas.com/rainforest to categorize images that show signs of deforestation and help models learn and improve at each iteration.

This crowdsourcing partnership with IIASA is fueled by SAS’ commitment to both data literacy and the Data for Good movement, which encourages using data in meaningful ways to drive positive global change.

About IIASA

The International Institute for Applied Systems Analysis (IIASA) is an international scientific institute that conducts research into the critical issues of global environmental, economic, technological, and social change that we face in the twenty-first century. Our findings provide valuable options to policymakers to shape the future of our changing world. IIASA is independent and funded by prestigious research funding agencies in Africa, the Americas, Asia, and Europe. www.iiasa.ac.at

About SAS

SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies.  Copyright © 2019 SAS Institute Inc. All rights reserved.

Editorial Contact:
Cherie Ho
 Cherie.ho@sas.com
+65-6398-3385 (office)
+65-9479-9424 (hp)
 www.sas.com/news

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PR Newswire

TAL’s AI Team Wins Championship Award at a Top International Academic Contest

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BEIJING, April 22, 2020 /PRNewswire/ — The international Conference of Computer Vision and Pattern Recognition (CVPR2020), one of the top Artificial Intelligence academic conference, has recently revealed the grant challenge results in a series of categories. TAL’s AI Lab has won the EmotioNet Challenge, an award for human facial expression recognition, surpassing 69 other teams from around the world.

Demonstrating China’s AI competitiveness to world by winning the top-notch AI academic conference

Known as the Olympic Games of computer vision field, CVPR will be held in Seattle, Washington, USA in June 2020. The EmotioNet Challenge is one of the most revered academic competitions in the field of human facial expression recognition. The research methods used to tackle this challenge have been published on CVPR and ICCV (International Conference of Computer Vision), two of the top three computer vision conferences in the world. Over the years, the event has attracted a large number of teams from top universities and companies worldwide.

EmotioNet 2020, sponsored by CVPR and Ohio State University, has attracted teams from Alibaba, China University of Science and Technology, Chinese Academy of Sciences, Otto-von-Guericke-Universität Magdeburg, Nanyang Technological University, and other organizations. After fierce competition, TAL’s AI Lab won the championship, demonstrating TAL’s growing AI technology capabilities to the world.

In the competition, TAL’s AI Lab has proposed a solution to the inconsistencies of overfitting during multitask learning in human facial expression recognition, which has significantly improved the accuracy and the F-score of the model. It is one of the many AI abilities that TAL has been able to develop and applied to multiple TAL products and services. Currently, this technology is also made available to the entire education industry through TAL’s Open AI Platform.

Enlarging investments in the AI technology R&D for wider applications

Applying AI technology to the education products is often challenging due to the lack of data covering all forms of educational products and services.

Over the past decade, TAL has accumulated a massive amount of data and has continued exploring various education settings such as face-to-face (in-person), online one-to-one, online dual-teacher, and other methods of teaching. Understanding the changing demands with data generated from various types of education products, TAL is in a good position to further develop “AI + Education” technologies for students. The AI models improve as the types of TAL education products continue to grow.

TAL education group consistently steps up its efforts in research and engineering development. The AI Lab, the Brain Science Lab, the Silicon Valley R&D Center, the Big Data Center, and the Postdoctoral Workstation were all founded to better fulfill TAL’s mission, “Making education better with love, science, and technology”.

TAL keeps breaking new ground in the research and development of cutting-edge technologies. Last November, Hurun Research Institute listed its AI Intellectual Property in China 2019. A list comparing over 500 Chinese AI Companies based on their comprehensive development, innovation abilities, and technology maturity. TAL is ranked among the top 10. TAL also attended the AAAI Conference on Artificial Intelligence 2020, in February of this year. With the team’s two latest research findings, TAL was invited to take the lead in organizing two symposiums on “smart education”. 

TAL has developed more than 100 AI capabilities for education in eight categories including graphics, voice, data mining, and natural language processing, etc. It has created more than 10 AI solutions based on different education scenarios, covering all aspects of teaching, learning, testing, exercises, and assessment. TAL has also developed many unique and/or leading abilities throughout the process of building its own AI platforms. This includes: containing infrastructure for storage, annotation, training, and online services.  

Building a new diversified ecosystem for smart education in China

Education AI has been growing vigorously in recent years. As a leading company in the education sector, TAL is actively promoting the joint development of “AI+Education” and the advancement of education sector with its partners.

In August 2019, the Ministry of Science and Technology of China approved TAL to build the National Smart Education Platform for Open Innovation of Next Generation AI. This initiative means that TAL has officially become the “national team” behind exploring “Education+AI”. The platform is expected to support the thorough integration of AI and education, letting smart education empower all stakeholders and improve teaching efficiency, management, and the opening-up of schools.

The National Smart Education Platform for Open Innovation of Next Generation AI will concentrate on learners, enhancing core links between education and education services step by step. By promoting supply-side reform of the education service sector, the platform strives to both increase productivity and cut the cost among education. Through breakthroughs, distribution of education resources, and realizing data-driven individualized teaching at scale, it will bring changes to educational concepts and models. Meanwhile, the R&D threshold for small to medium enterprises, as well as the risk in commercialization for education institutions, will be lowered. The enthusiasm for innovation and entrepreneurship in smart education will be unleashed.

TAL has technological partnerships with Tsinghua University, Institute of Computing Technology of Chinese Academy of Sciences, Beijing Normal University and Stanford University, jointly contributing to an open tech ecosystem ranging across both public and private institutions.

TAL Education Group expresses its aspiration to work with all stakeholders to meet learners’ core needs, solving major issues in the application of smart education, and furthering the development of education industry. Focusing on broad AI technologies and platform-based services, TAL wishes to establish an AI open innovation platform for smart education that features independent and controllable basic software and hardware. An open exchange of general technology, data, effective application, and a vibrant innovation ecosystem; this will eventually create a new and diversified smart education ecosystem. A symbiotic environment that is made to cover all methods and scenarios within education.

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PR Newswire

Infortrend’s Scale-Out NAS to support SMB Multichannel

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TAIPEI, April 21, 2020 /PRNewswire/ — Infortrend® Technology, Inc. (TWSE: 2495), the industry-leading enterprise storage provider, adopts SMB Multichannel feature for its scale-out NAS EonStor CS. With support of SMB Multichannel, it is now possible to establish multiple simultaneous network connections between EonStor CS cluster and its clients over aggregated network interface cards (NICs). It increases bandwidth, storage performance, and fault tolerance for performance-demanding applications, such as 4K video editing, broadcasting, or real-time streaming in M&E industry and HPC.

EonStor CS is a scale-out NAS expandable up to 144 nodes in a cluster with a total of over 100 GBps throughput and 100PB capacity. By enabling SMB Multichannel, an SMB 3.0 client can access data on CS storage via multiple available paths, which compared to one path only, facilitates aggregation of network bandwidth and increases network fault tolerance.

Importantly, SMB Multichannel feature provides higher bandwidth and higher system performance, which is proved to be especially useful for performance demanding workloads. It aggregates multiple network interfaces and performs data read or write processes simultaneously utilizing multiple channels, which helps to noticeably increase performance. Moreover, if any failure occurs, it is automatically detected, and the data communication processes are moved to a normally functioning channel so that there is no connection disruption and no impact on system availability.

“With support of SMB Multichannel, our EonStor CS scale-out NAS can ensure not only higher performance, but also continuous network service for time-sensitive and high availability applications. For example, in M&E industry, for editing video footages with resolution 4K and above, high bandwidth is required. By using SMB Multichannel connected through multiple network interfaces, users are able to yield benefits of smooth workflow with provided bandwidth and experience no downtime while collaborating on their projects,” said Frank Lee, Senior Director of Product Planning.

Learn more about EonStor CS scale-out NAS

About Infortrend

Infortrend (TWSE: 2495) has been developing and manufacturing storage solutions since 1993. With a strong emphasis on in-house design, testing, and manufacturing, Infortrend storage delivers performance and scalability with the latest standards, user friendly data services, personal after-sales support, and unrivaled value. For more information, please visit www.infortrend.com

Infortrend® and EonStor® are trademarks or registered trademarks of Infortrend Technology, Inc.; other trademarks are the property of their respective owners.

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Source: Infortrend Technology, Inc.

PR Newswire

Y Soft Unveils Premium 3D Lesson Plans and Special EDU Bundle to Help Educators Use 3D Printing in STEAM Curriculum

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— New exclusive be3D Academy lesson plans available only to YSoft be3D eDee customers

BRNO, Czech Republic and DALLAS, April 21, 2020 /PRNewswire/ — Y Soft Corporation, the leading enterprise workflow solutions provider, today announced premium 3D lessons in YSoft be3D Academy and a new 3D/2D EDU bundle designed to save schools money by combining their regular 2D print management needs with Y Soft 3D printers. 

3D printing in education is a growing market with more and more educational institutions adopting fleets of 3D printers to help STEAM classes illustrate difficult concepts, enhance hands-on interactive learning, and drive class engagement. To help support those efforts, Y Soft worked with educators to develop YSoft be3D Academy. The online library of 3D curriculum features comprehensive lesson plans, guides, videos, models, and presentations. It provides everything needed to conduct a STEAM subject lesson using 3D printing. A model database provides additional models that teachers can use to build their own lessons

While standard be3D Academy 3D lessons are available for anyone to use for free, Y Soft now provides premium 3D lesson plans exclusively for all eDee customers, including those that purchase the new EDU bundle. Premium lessons have the same rich resources as standard content, but only eDee customers can access them. Premium lessons are available today, and more will be added quarterly.

“These premium lessons, and the ones that follow, demonstrate our resolve to provide educators with easy to use and easy to follow lesson plans that help keep students engaged whether in a classroom or even at home,” commented Elke Heiss, Chief Marketing Officer, Y Soft. She added, “We’ve learned from schools that these lessons have helped teachers quickly ramp up their home learning classes during the current work/study at home situation caused by COVID-19.”

EDU Bundle

Y Soft also announced a new affordable education-focused EDU bundle that includes everything a school needs to start leveraging 3D printing in their classrooms. With scarce resources, educators need to be efficient in their print services offerings while finding new ways to engage students in learning. The EDU bundle combines print management for a school’s 2D printers and 3D printers, accomplished through YSoft SafeQ, the company’s print management and document capture software. Combining their print management options and leveraging available grant monies allows schools to justify the investment into 3D printing.

The EDU bundle includes: 

  • YSoft be3D eDee printer, a desktop 3D printer with an enclosed chassis for safety 
  • Three years of free access to premium 3D lessons in YSoft be3D Academy
  • DeeControl layering software, easy-to-use PC/Mac application for 3D print preparation 
  • Intelligent software including:
    • YSoft SafeQ for secure access, the ability to print at any 2D or eDee printer and usage reports 
    • Notifications and pictures during print progress, job completion alerts 
  • Beginner’s Accessory Kit
  • Student/faculty ID Card Reader 
  • Filaments: 3000 grams each of black, white and orange 

Ms. Heiss stated, “This bundle helps schools create an opportunity for students to excel in STEAM subjects and ready them for their future careers at an affordable cost. When a school chooses the be3D eDee solution, they get YSoft SafeQ to manage their 2D and 3D print needs, a unique value only Y Soft can offer.”

The education bundle also includes 3D print training, multi-year support, and installation. Full details can be found at https://be3dacademy.ysoft.com/en/3d-print-solution.

About Y Soft 
Y Soft develops intelligent Digital Transformation office solutions for enterprise, SMB, and Education that empower employees to be more productive and creative. Our YSoft SafeQ® workflow solutions platform enables businesses to manage, optimize and secure their print and digital processes and workflows. Our 3D print solutions are focused in the Education sector where they provide unique ease of use and safety benefits, while utilizing YSoft SafeQ software for seamless 3D print management.  

Founded in 2000, the company is headquartered in Brno, Czech Republic, with offices in North and Latin America, Europe and Middle East/Africa (EMEA) and the Asia Pacific region (APAC). For more information, please visit www.ysoft.com. 

Global:
Steven Knuff
Senior Manager, Global PR and Analyst Relations
steven.knuff@ysoft.com  
+1 512 810-3207

Czech Republic:
Jiří Kocourek
jiri@parco.cz  
+420 775 630 41

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PR Newswire

Sogou Inc. Files its Annual Report on Form 20-F

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BEIJING, April 21, 2020 /PRNewswire/ — Sogou Inc. (NYSE: SOGO) (“Sogou” or “the Company”), an innovator in search and a leader in China’s internet industry, today announced that the Company filed with the Securities and Exchange Commission its Annual Report on Form 20-F for the fiscal year ended December 31, 2019. The Annual Report is available on the Company’s investor relations website at http://ir.sogou.com/.

The Company will provide a hard copy of the Annual Report containing the audited consolidated financial statements of the Company, free of charge, to a shareholder or holder of the Company’s American depositary shares upon written request.   

About Sogou

Sogou Inc. (NYSE: SOGO) is an innovator in search and a leader in China’s internet industry. With a mission to make it easy to communicate and get information, Sogou has grown to become the second largest search engine by mobile queries and the fourth largest internet company by MAU in China. Sogou has a wide range of innovative products and services including the Sogou Input Method, which is the largest Chinese language input software for both mobile and PC. Sogou is also at the forefront of AI development and has made significant breakthroughs in voice and image technologies, machine translation, and Q&A, which have been successfully integrated into our products and services.

For investor enquiries, please contact:

Jessie Zheng
Sogou Investor Relations
Tel: +86 10 5689-8068
Email: ir@sogou-inc.com 

For media enquiries, please contact:

Rachael Layfield
Brunswick Group
Tel: +86 10 5960-8600
Email: sogou@brunswickgroup.com

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Source: Sogou Inc.

PR Newswire

COVID-19 Pandemic Impact: Freight Activity Falls After Historic Rise with Disruption Ahead – Double Digit Impact Expected in Q2

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ABI Research whitepaper identifies the short-and long-term impacts the global pandemic will have on Freight Transportation and Logistics

OYSTER BAY, New York, April 21, 2020 /PRNewswire/ — It is no surprise that the COVID-19 outbreak has led to panic buying of items such as toilet paper and sanitizing supplies. However, this buying behavior has led to a massive need for trucks to help restock stores, shrinking the capacity available for other products. The result is a historically tight trucking market that has dropped 20% in volume in just the last two weeks, states global tech market advisory firm, ABI Research.

“Rising costs, shrinking capacity, and panicked customers are shaking up the freight transportation and logistics markets,” says Susan Beardslee, Principal Analyst at ABI Research. The American Association of Port Authorities sees 1Q volume decreased by at least 20%, including blank sailings, which may cost carriers US$1.9 billion. Rail freight is also impacted with intermodal down by approximately 50%, including from California’s Long Beach and Los Angeles ports (the leading container ports in the United States and the busiest in the Western Hemisphere). Global air cargo volumes for the last month are expected to be down 9%. New restrictions on passenger travel from much of Europe to the United States will further affect air cargo capacity. DHL alone is reporting an impact of US $79 million to February earnings. All of this adds to the already existent decreases due to the China-U.S. tariff tensions.

“In the short term, there has been more than a six-week delay in shipments for cargo sourced from China. Other markets from Vietnam to Mexico often rely on Chinese components and raw materials, creating a knock-on effect to the supply chain, including transportation and logistics. The initial loss of road transport demand has begun in the ports and is moving to the warehouses and inland routes. Cargo capacity demand in China is beginning to demonstrate some initial signs of growth, with airfreight between China and the United States growing 27% over the last 14 days, creating a demand/supply imbalance,” Beardslee explains. This capacity challenge will move to containers (stranded outside of China) and trucks. However, as the virus has continued to spread outside of China, government actions have included restrictions on travel from 26 European countries to the United States. “Belly cargo” (air cargo) is transported via passenger flights, estimated to be 50% of all air cargo. When this capacity is drastically removed between Europe and the United States, availability will be significantly impacted and spikes in pricing are expected.

“In the longer term, there is little visibility to forecast, which will have a material impact on transportation and logistics this year. The virus is now impacting the global supply chain, with a current estimate of 113 countries identified as reporting cases. Transportation requirements will be hard to predict. Both capacity and pricing swings are anticipated across transportation modes, with the associated impact to shippers worldwide,” says Beardslee.

Shippers need to evaluate options and model changes across modes of transportation, considering interruptions, delays, and significant price increases. Both manufacturers and retailers need to develop prioritization plans for customers, potentially with set limits per customer. Systems integration whenever possible (ERP, Transportation Management System (TMS), Warehouse Management System (WMS)), along with predictive analytics/scenario modeling, is ideal. “Finally, keep in mind that as some countries begin to scale up production and transportation, others may move into containment strategies to address an outbreak. This will require near-real-time visibility across modes and the flexibility to adjust everything from inventory quantities and locations to substitution whenever possible,” Beardslee advises.

For a clearer picture of the current and future ramifications of COVID-19 across technologies and industries, download the whitepaper Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets.

About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research’s global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. 

ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info:                                                              

Global                                                             
 Deborah Petrara                                                           
Tel: +1.516.624.2558                                                    
pr@abiresearch.com      

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PR Newswire

Audiens Bolsters Its Innovative Customer Data Platform with $8M Strategic Investment from Tech Giant NHN

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The Audiens Customer Data Platform (CDP) gives digital marketers the ability to instantly personalize their data on their terms, get more out of their customer data and cut the waste from their advertising spend

SAN JOSE, California and CAMBRIDGE, United Kingdom, April 21, 2020 /PRNewswire/ — Audiens, a global independent customer data platform and audience management tool, has received an $8M (£6.5 M) cash investment from South Korea’s NHN Corp. This is the first investment in a European technology company for NHN. The investment accelerates Audiens international expansion plans and strengthens the team in key European markets.

In addition to enriching the Audiens CDP product, the investment opens a new channel for NHN data technology to reach global customers beyond South Korea.

Jonathan Brech, previously Chief Commercial Officer at Audiens, has been appointed CEO to lead the expanded business along with Marko Maras, founder of Audiens, will now head-up product strategy and innovation. Brech was previously the CEO at Cambridge Data, which advised major organizations to develop world-class data-driven capabilities.

NHN has vast quantities of consumer behavior data and is one of the few tech giants outside the western walled gardens of Amazon, Google, Facebook, Apple and Microsoft. Their focus on cloud, data, advertising, fintech and entertainment will enable Audiens to deliver unique competitive audience insight.

With the investment, Audiens plans to augment its plug and play audiences to deliver automatic audience identification and prioritization technologies. They’ll use advanced data processing techniques based on cloud data experience and machine learning techniques from NHN. The company will also embed new standard mathematical models into their CDP and ramp-up data science capabilities to embed better consumer behavior models in the audience management platform.

“Powerful industrial-strength functionality is moving out of the IT and business information domain and directly to the marketing user, to control and evolve, Audiens gives marketers instant visibility on their audience behavior,” said Jonathan Brech, CEO of Audiens. “Our audience management platform also lets marketing collaborate with colleagues on which ‘nudges’ work best to push different audiences to the next most desirable outcome — whether that’s buying media in a smarter way or messaging via email, messenger platform, etc. It’s a much faster way of understanding and responding to the way your consumers are behaving.”

“Audiens has a unique vision to automate audience identification and optimization using data science and machine learning techniques,” said JS Lee, Director of NHN. “By supporting them with our data science, technology and advertising leadership, plus our extensive customer insight data, we can deliver an exciting marketing game-changer.”

“The continued evolution of CDP’s as a result of the elimination of third-party data shows the strength of the CDP platform to marketers. CDPs are a critical technology to any marketer who needs to turbocharge their first-party data and build and manage audiences for engaging marketing campaigns,” said Brech. “CDP’s are the new must-have model for high-impact marketing and this investment from NHN proves the value of our technology platform.”

“Adding NHN’s technology and data science muscle to the simplicity and easy deployment of Audiens CDP platform, gives our global customers the ability to create marketing campaigns that create value faster for their brand,” added Brech. “The investment accelerates our data science studio capabilities and augments our international sales and marketing program.”

Customers, including ING, Iper and Unieuro, use Audiens to optimize their marketing, grow customer lifetime value by up to threefold and achieve up to 50% savings in advertising cost per acquisition (CPA).

For more information about Audiens and their audience management platform, go to www.audiens.com. For more information about NHN go to https://www.nhn.com.

Media contact: press@audiens.com

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PR Newswire

Tradewind Finance Supports Businesses with Fast and Flexible Financing Solutions

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NEW YORK, April 21, 2020 /PRNewswire/ — Tradewind Finance, an international trade finance company, is offering more flexible financing solutions to address the economic and operational upheaval businesses are presently facing due to the COVID-19 pandemic. The solutions that have been rolled out are intended to help buyers and sellers overcome cash flow and supply chain challenges during a time of global disruption. This includes Tradewind Finance’s move to finance payment terms of up to 180 days for new shipments. With a longer financing period available, suppliers can offer extended payment terms to their buyers. Overall, suppliers and buyers can build a more transparent and trusting relationship with the help of international trade finance companies who can work with both business partners to grow and succeed together.

As supply chains are rattled, the firm is staying attuned to their clients’ needs and is maximizing their efforts to curb these disruptions. They are providing creative solutions to their clients faced with various scenarios, such as those who are forced to hold onto goods that have already been produced.

Not only is Tradewind Finance creating working capital for their clients and alleviating stress on supply chains with more lenient financing parameters, but they are also offering these solutions to new businesses who are interested in their services to help them through the impacts of the current global crisis. The firm works with exporters and importers across a myriad of industries, including medical supplies, seafood, electronics, and apparel.

Tradewind’s trade finance services have helped companies for over 20 years by accelerating cash flow to their businesses. During this challenging period for companies everywhere, Tradewind’s global chief financial officer and senior executive officer Peter Maerevoet insists that trust and collaboration between buyers and suppliers is the key to viability over other immediate fixes that can destroy companies in the long run.

Recently, Maerevoet was approached by Sourcing Journal, a leading apparel and textile publication that serves a worldwide readership of sourcing executives, supply chain executives and others within the industry, to weigh in on the havoc that has been wrought on retailers and suppliers in the fashion sector.  Tradewind Finance has been instrumental in financing the apparel and textile industry for two decades and can help charter fashion companies to safer waters during the current period.

With the unprecedented impacts of COVID-19, retailers and suppliers have to choose whether to cooperate under these new circumstances to preserve partnerships, or instead think of their own survival in the short term, no matter the cost. Maerevoet shares his thoughts on why trust and collaboration are critical in the Sourcing Journal article titled, “Collaboration, Compassion Key for Supply Chain Crisis Management”, in which he was featured:

“Relationships with mutual trust have a much better chance to survive crises than some opportunistic or tactical price-driven relationships.” “I think that’s something you will see in the next couple of months that a lot of these opportunistic relationships… will stop forever or at least for a couple of years. And those strategic relationships where people have had mutual trust for many years will survive the crisis and they’ll even be stronger.”

As businesses look to survive — and even thrive — in a period with negative impacts that permeate all facets of the world, Tradewind Finance is providing much-needed support to weather the storm. With the firm’s cash flow solutions, credit protection, and facilitation of longer payment terms, buyers and suppliers can maintain their business partnerships and overcome cash flow hurdles.

Contact info:
Tradewind Finance
contact@tradewindfinance.com
212-765-4349
https://www.tradewindfinance.com/

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PR Newswire

Xinhua Silk Road: International economic, trade, tourism festival spurs dev. of E China’s Yangzhou

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BEIJING, April 21, 2020 /PRNewswire/ — The 2020 China Yangzhou Flowery March International Economic, Trade and Tourism Festival kicked off on April 18 in Yangzhou of east China’s Jiangsu Province with 36 key projects contracted at the opening ceremony.

It is learned that 178 projects with a gross investment of 187.83 billion yuan will be contracted during the festival, involving advanced manufacturing, modern services and sci-tech cooperation.

The project signing ceremony at the 2020 China Yangzhou Flowery March International Economic, Trade and Tourism Festival. (Photo/Voice of Yangzhou)
The project signing ceremony at the 2020 China Yangzhou Flowery March International Economic, Trade and Tourism Festival. (Photo/Voice of Yangzhou)

During the festival, the city will issue tourism and catering cards to visitors through online and offline channels to let them enjoy a cash rebate, aiming at expediting the building of a well-known international cultural tourism city and fostering the recovery of the service sector.

The festival also witnessed the unveiling ceremony of “Food Capital of the World”.

As a city with a history of 2,500-odd years, Yangzhou was rated as China’s fourth “Food Capital of the World” in 2019 after Chengdu in southwest China’s Sichuan, Shunde District of Foshan in south China’s Guangdong, and Macao.

As a member of the UNESCO Creative Cities Network, Yangzhou has taken a comprehensive set of actions in response to the COVID-19 outbreak, and introduced specific measures to support local catering sector, Ernesto Ottone Ramírez, Assistant Director-General for Culture of UNESCO, said via video connection.

He believed Yangzhou has the ability to get through the crisis with its strong cultural resources and gastronomic traditions.

Yangzhou will ramp up efforts in developing industrial clusters involving automobiles and parts, high-end equipment, and new power equipment, microelectronics and software and information service, and high-end textiles and clothing, ocean engineering equipment and high-tech ships, biomedicine and new medical devices, food, and aviation, said Zhang Baojuan, Mayor of Yangzhou.

The city is facing unprecedented development opportunities brought by the Yangtze River Delta integration, the Grand Canal Cultural Belt and other national development plans. The convenient modern transport, profound cultural heritage and sci-tech innovation, international and standardized business environment, and convenient living environment together make Yangzhou an ideal place to live, work and start businesses, said Xia Xinmin, Secretary of CPC Yangzhou Municipal Committee.

It’s reported that the Flowery March International Economic, Trade and Tourism Festival has been held for 19 consecutive years, and has become an important platform for promoting Yangzhou’s economic and trade cooperation and cultural exchanges at home and abroad.

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PR Newswire

Tencent Music Entertainment Group to Report First Quarter 2020 Financial Results on May 11, 2020 Eastern Time

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SHENZHEN, China, April 21, 2020 /PRNewswire/ — Tencent Music Entertainment Group (“Tencent Music”, “TME”, or the “Company”) (NYSE: TME), the leading online music entertainment platform in China, today announced that it will report its unaudited financial results for the first quarter of 2020 after the U.S. market closes on Monday, May 11, 2020.

Tencent Music’s management will hold a conference call on Monday, May 11, 2020, at 8:00 P.M. Eastern Time or 8:00 A.M. Beijing Time on Tuesday, May 12, 2020, to discuss the financial results. Listeners may access the call by dialing the following numbers:

United States Toll Free: 

+1-888-317-6003

International:

+1-412-317-6061

Mainland China Toll Free:

400-120-6115

Hong Kong Toll Free: 

800-963-976

Access Code:

4624371

The replay will be accessible through May 18, 2020, by dialing the following numbers:

United States Toll Free:

+1-877-344-7529

International:

+1-412-317-0088

Access Code:

10142408

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.tencentmusic.com/.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME) is the leading online music entertainment platform in China, operating the country’s highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. Tencent Music’s mission is to use technology to elevate the role of music in people’s lives by enabling them to create, enjoy, share and interact with music. Tencent Music’s platform comprises online music, online karaoke and music-centric live streaming services, enabling music fans to discover, listen, sing, watch, perform and socialize around music.

For more information, please visit ir.tencentmusic.com.

Investor Relations Contact

Tencent Music Entertainment Group
ir@tencentmusic.com
+86 (755) 8601-3388 ext.871720

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