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PR Newswire

The Art of Craftsmanship | GAC MOTOR Hosts Chinese-Panamanian Artists Exhibition

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GUANGZHOU, China, March 4, 2022 — GAC MOTOR has been operating in Panama since 2019, earning a solid foothold in the local market with quality vehicles and innovative designs. As Chinese smart manufacturing and automobile technology make a strong reputation worldwide, GAC MOTOR Panama hosts a vibrant exhibition. The Chinese-Panamanian artists at the exhibition represent a shared love for craftsmanship – the combination of beauty and skill – present in visual arts and the art of creating cars.

Progenie | The Spirit of Craftsmanship Across Cultures

The exhibition, named "Progenie," displayed the paintings of Chinese-Panamanian artists of three different ages, highlighting the contribution of Chinese painters to the multicultural tapestry of Latin America and notably Panama today.

The concept of Chinese craftsmanship has been a key pillar of GAC MOTOR’s overseas brand identity for some time now, with the GAC development strategy focusing on bringing outstanding Chinese designs and technology onto the world stage.

Cross-cultural art exhibitions like this one are important in communicating the amazing creativity that Chinese brands and individuals have to offer the world.

Ms. Mai Yap, one of the exhibiting artists based out of Florida, USA, said that "China lives in us, and although we came from and were born in different countries, we carry all that culture within us."

Mai Yap’s colorful works were displayed alongside another young visual artist, Nicole Rumaldo Choy, who represents merging these two cultures’ creative prowess.

The Spirit of Craftsmanship: Continued Efforts in the Americas

GAC MOTOR has become the top-performing Chinese brand in local sales since entering the Panama market in 2019. The nation is now home to more than 400 new GAC MOTOR owners.

Ever since the launch of the All New GS4 and extensive engagement in car rental projects last year, GAC MOTOR has attracted more attention. It has become a representative of Chinese car brands in Panama.

In the new year, GAC MOTOR will continue to provide Panamanian users with a high standard of travel experience. The brand looks forward to a future of further healthy development in the Americas.

PR Newswire

National Arts Group Announces Joint Venture with National Treasury and First Bullion to Create Metaverse Studio

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HONG KONG, March 4, 2022 — Asian leading film production and distribution company National Arts Entertainment Group Holdings Limited ("National Arts" or the "Company"; with its subsidiaries referred as the "Group"; Stock Code: 8228.HK) announce the establishment of a joint venture (JV) company with the National Treasure Management Limited ("National Treasure"), a renowned artist management and entertainment programme production company, and First Bullion Holdings Inc. ("First Bullion") holding company of a digital exchange in the Philippines, to develop a virtual reality, a "dreams come true" experience.

The joint venture company will build a metaverse studio simulating National Arts’s Xiqiao Shan filmmaking studio, which is famous for the unique panoramic film shooting scenes such as National Palace Museum, Kowloon Walled City, the Hong Kong Street and Shanghai Street. Music concerts & contexts, talent quests, movie clips production are available at the metaverse studio, providing immersive online entertainment experiences to players.

Players would also enjoy online shopping at the virtual Shanghai Street malls backed by non-fungible token (NFT) via an e-commerce platform including on/off share payment gateways and goods delivery. For offline operation, the JV company will organize singing, acting, movie making and martial arts training for players to actualize the virtual experiences in reality.

Mr Chow Kai Weng, the Associate Chairman of the National Arts Group said, "Metaverse is the future of entertainment. As the first PRC film production company tapping into the metaverse, I am optimistic about the opportunity. We are open to expanding the virtual reality and even Metaverse businesses in the future. Our artist management will go hand in hand with the metaverse development. "

Mr Dennis Yu, the Executive Director of the National Treasure commented, "Bringing into blockchain and metaverse elements, we hope to redefine the entertainment industry with innovation. Metaverse studio will be a good chance to enhance the movies and music presentation, as well as the online-offline entertainment lifestyle to another level."

Mr Philip Tam Pak Yin, the Founder of First Bullion said, "To create the Metaverse Studio, we will bring together a critical mass of interconnected technologies, including virtual reality, artificial intelligence, augmented reality, blockchain, brain-computer interfaces, web 3.0, etc and the entertainment industry in the decentralized world. Our leading digital assets and STO exchange CryptoSX will fully support the Metaverse Studio to make it accessible and fun to all participants and users."

Under the Letter of Cooperation, the Group, First Bullion, and National Treasure will own 40%, 30% and 30% equity interest respectively in the JV company. Each of the party has right to appoint one director to the JV company. National Arts hopes to promote the GBA entertainment, online games and sales to the mass market through the metaverse studio. National Treasure will provide the design and arts direction for the virtual reality environment and virtual artists creation. First Bullion will support the blockchain technology related to the NFT e-commerce.

PR Newswire

Forever New launches new native mobile apps with poq to improve digital engagement

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Leading female fashion brand offers customers new mobile app experiences by replatforming to poq

LONDON, March 2, 2022 — Global mobile app platform providerpoq today announces Forever New, the Australian founded global fashion brand, has launched new mobile apps using poq’s composable commerce mobile app stack.

With a global footprint spanning 300 retail destinations across 10 countries, the women’s apparel specialist chose poq to relaunch its mobile apps to deliver a frictionless customer journey and improve loyalty experience.

The MACH-certified native mobile app platform from poq has allowed Forever New to offer its customers rich and engaging content features, such as ‘App Stories’ and content carousel, as well as sophisticated communication capabilities.

The apps integrate with Forever New’s ecommerce platform to leverage the existing product catalog, merchandising and loyalty programs, with app build and launch taking just 12 weeks.

Ged Steele, Chief Operating Officer, Forever New commented: "We chose poq because we were impressed by the app platform capability and flexibility. One of the main aims with this project was to provide a high quality app experience. We also wanted a partner who would support our long-term app strategy and work with us in delivering engaging experiences for our loyal customers."

Jay Johnston, Chief Executive Officer, poq said: "It is an honour to work with a leader such as Forever New, they truly understand their customer and want to reward them with the best native app experience. We were delighted to offer them a platform that could deliver such an experience in a matter of weeks enabling them to use a composable, ‘mobile-first’ approach as the driving force for their customer retention strategy."

About poq

Poq is a MACH-certified cloud-based platform, empowering retailers to create highly effective native mobile apps that provide a superior shopping experience. These apps allow retailers to sell more, deepen loyalty and deliver engaging content. To learn more, please visit poqcommerce.com.

About Forever New

Forever New is a global fashion brand established and based in Melbourne, Australia. The brand’s mission is to provide everlasting pieces to elevate the customer’s personal style and enhance her confidence. It’s the unique approach to fashion’s latest trends that makes the brand one of Australia’s fastest-growing fashion success stories. Today, Forever New’s global footprint spans more than 270 retail and concession stores across 30 countries.

 

PR Newswire

TCL Reinforces its Commitment to 5G and Expands Portfolio with New Smartphones, Tablets, and CPEs at Mobile World Congress 2022

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BARCELONA, Spain, Feb. 28, 2022 — TCL, a pioneer in display technology and affordable, premium smart experiences, unveils a range of smart devices at Mobile World Congress (MWC) 2022. Reinforcing TCL’s mission to provide 5G connectivity for all, the mobile announcements include an expanded TCL 30 Series line-up, with five new smartphones including a feature-rich 5G model. These are announced alongside three new tablets, including the latest addition to TCL’s innovative NXTPAPER family, and the new TCL TAB 10s 5G. Consolidating its position as a leader in connectivity, TCL also brings to market three new CPEs, including the LINKHUB 5G, a powerful 5G router created to connect hundreds of devices across a range of environments.

"TCL’s vision is to inspire customers to achieve greatness through smart, innovative, and premium technologies and experiences. This is evidenced with the new range of smart devices launched at Mobile World Congress 2022," said Aaron Zhang, CEO at TCL Communication. "By continuing to expand our portfolio across several categories, we are bringing to life our mission to make a truly connected world that bridges hardware and software in a meaningful way, improves human connections, and enhances the daily lives of our customers whilst delivering incredible value."

Expanding the TCL 30 Series: Smartphones that inspire customers’ unique styles

Introducing five new TCL 30 Series smartphones: the TCL 30 5G, TCL 30+, TCL 30, TCL 30 SE, and TCL 30 E. Each delivers feature-rich experiences accessible to all. These join the recently announced TCL 30 XE 5G and TCL 30 V 5G, which are exclusive to the U.S. market.

TCL 30 Series
TCL 30 Series

With smart, easy to use 50MP cameras across all the newly announced TCL 30 Series smartphones, landscape photos, portraits, and close-up scenes are reproduced with lifelike detail.

Camera enhancements maximize the smartphone imaging experience. Steady Snap pauses time and clearly captures subjects in motion; Face Tracking is perfect for portraits on the move; and Auto-Capture makes it easy to get more friends in-frame for wide-angle selfies.

TCL’s display legacy also shines brightly across the series. A 6.52-inch mini-notch display graces the TCL 30 SE and TCL 30 E to provide reliably good viewing experiences, while the 6.7-inch FHD+ AMOLED screens on TCL 30 5G, TCL 30+, and TCL 30 showcase rich contrast, punchy colors, deep blacks and cinematic views. TCL’s pioneering display technology, NXTVISION, furnishes all five smartphones with enhanced visuals and multiple modes with eye care at the focus.

The TCL 30 5G, TCL 30+ and TCL 30 feature ultra-slim 7.74mm thin design, and weigh only 184g for a perfect fit in the palm and pocket. All five devices come with large batteries over 5000mAh and support fast charging, comfortably lasting from morning to night with ease.

Pricing and availability

  • TCL 30 5G: from €249, availability in Europe in April 2022, coming to select regions
  • TCL 30+: from €199, availability now in Europe, coming to select regions later
  • TCL 30: from €179, availability now in Europe, coming to select regions later
  • TCL 30 SE: from €149, availability now in Europe, coming to select regions later
  • TCL 30 E: from €139, availability in Europe in April 2022, coming to select regions later

Prices vary by country.

Growing Tablet Portfolio: enriched, immersive experiences for all occasions

TCL is expanding its tablet portfolio at MWC 2022 with three new products.

First, the TCL NXTPAPER MAX 10, following the recently launched TCL NXTPAPER 10s, is the latest installment of TCL’s critically acclaimed NXTPAPER line-up. TCL NXTPAPER MAX 10 is available in a Wi-Fi or 4G LTE configuration. Whichever you opt for, it’s an exceptionally capable tablet, delivering learning, entertainment, and creative tools to your hands, matched with reliable battery life.  

TCL NXTPAPER MAX 10
TCL NXTPAPER MAX 10

The tablet’s immersive 10.36-inch NXTPAPER display and 83% screen-to-body ratio create an expansive paper-like canvas. Whether you need a notepad for writing, a big-screen for long bouts of reading, or a movie streaming, game playing tab, it checks all the boxes. The display consists of a unique multi-layer system with each layer playing its own role in filtering harmful blue light and protecting eyesight. Topped off with a layer of anti-glare glass which reduces reflected light, NXTPAPER MAX 10 looks and feels like paper, for a more comfortable, natural reading and writing experience.

Next, the TCL TAB 10 HD 4G offers non-stop entertainment. Get lost in your favorite shows with bright and captivating colors, and thanks to a slim 8.7mm bezel, visual interruptions are kept to a minimum.

With a 5500mAh battery, it will comfortably make it through a full day of reading, watching and browsing, and thanks to its powerful Octa-Core chipset, TCL’s latest 4G tablet delivers capable performance too.

The third tablet in the line-up is the TCL TAB 10s 5G, one of the first affordable tablets to launch with 5G connectivity. Showcasing a 10.1-inch FHD screen, the tablet’s ample resolution and size are matched with NXTVISION technology, so movie and video game visuals are not only enhanced, but are also optimized for eye health.

Add ultra-fast 5G, plus an 8000mAh of battery power and 4GB of memory, and users will be able to stream movies and sports, hold video calls, and multi-task from almost anywhere they can get signal or Wi-Fi connectivity without interruption.

These products will soon be joined by the TCL TAB PRO 12 5G, an upcoming tablet with a large display and ultra-fast 5G connectivity, with a strong focus towards entertainment and productivity.

The NXTPAPER MAX 10 goes on sale starting in Asia from mid Q2 2022 and will be available from €269. The TCL TAB 10 HD 4G is available now in Europe starting at €179 with additional FHD version on sale starting in Asia from late March at €199. The TCL TAB 10s 5G will be on sale mid Q2, priced at €349.

New Range of CPEs: delivering highly-capable, seamless connections

TCL is expanding its CPE portfolio with the launch of a 5G router and two 4G solutions, showcasing TCL’s mission to help make a truly connected world for all.

TCL LINKHUB 5G CPE
TCL LINKHUB 5G CPE

With the LINKHUB 5G CPE HH515, TCL launches a powerful 5G router which delivers advanced Wi-Fi 6 connectivity. First announced at CES 2022, it’s capable of carrying up to 256 users and supports cloud-based gaming, high-quality live streaming, online education and working from home.

LINKZONE LTE CAT6 Mobile Wi-Fi MW63 is a personal mobile Wi-Fi which offers high-speed connectivity in a lightweight, pocket-sized design. LINKHUB LTE CAT6 Home Station HH63 comes in a simple and elegant design, with dual-band Wi-Fi providing fast 4G download speeds of up to 300Mbps. This means the whole household can enjoy videos, online gaming, and education while working from home. Both products are eSIM compatible.

The LINKHUB 5G CPE HH515 will be available in Q1 in Europe. LINKZONE LTE CAT6 Mobile Wi-Fi MW63 and LINKHUB LTE CAT6 Home Station HH63 will launch in Europe in Q2. 

TCL will also launch a new LINKZONE 5G Mobile Wi-Fi MW513, supporting Sub-6GHz + mmWave, making it even easier for consumers to connect to ultra-fast 5G Wi-Fi on the go.

TCL continues mission to democratize innovative, smart, connected technologies is at the heart of all the announcements at MWC 2022. Through partnerships with more than 80 carriers in 160 countries, TCL delivers on its commitment to provide lightning fast, reliable, affordable and powerful 5G devices for everyone to enjoy a smarter home and life. To learn more about TCL, and for details on the products covered in this release, please visit: http://www.tcl.com/global/en.html

Media Contact: 
tclpress@tcl.com

About TCL Electronics

TCL Electronics (1070.HK) is one of the world’s fastest-growing consumer electronics companies and one of the world’s leading television and mobile device manufacturers (TCL Communication is a wholly-owned subsidiary of TCL Electronics). For nearly 40 years TCL has operated its own manufacturing and R&D centers worldwide, with products sold in more than 160 countries throughout North America, Latin America, Europe, the Middle East, Africa and Asia Pacific. TCL specializes in the research, development and manufacturing of consumer electronics ranging from TVs, mobile phones, audio devices and smart home products as part of the company’s "AI x IoT" strategy. For more information on TCL mobile devices, please visit: http://www.tcl.com/global/en.html.

TCL is a registered trademark of TCL Corporation. All other trademarks are the property of their respective owners. Alcatel is a trademark of Nokia used under license by TCL Communication.

PR Newswire

CryptoZeroFi – a Realistic Combat Role-Playing NFT game built on the Binance Smart Chain with Metaverse Orientation

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HO CHI MINH CITY, Vietnam, Feb. 23, 2022 — Introducing CryptoZeroFi, one of such games aiming to make a name for itself in this maturing space. CryptoZeroFi is an upcoming Realistic Combat Role-Playing NFT game built on the Binance Smart Chain. Similar to other games in this industry, it incorporates NFTs as well as a P2E model. Keeping up with this trend, they also have plans for a metaverse-integration set in their pipeline.

CryptoZeroFi Features
CryptoZeroFi Features

The NFT Play-To-Earn (P2E) gaming industry has been gaining a lot of traction lately, especially with the increasing sentiment towards the metaverse. There have been countless new projects seeking to be a pioneer in this booming industry. What sets these new lines of games apart from conventional games is the ability to rack up rewards while playing the game, allowing gamers to make money while doing what they enjoy most. The integration of non-fungible assets (NFTs) also allows for the transferability of in-game assets, thereby enabling players to trade and gift their assets with one another.

CryptoZeroFi features two in-game tokens, ZERI and ZEUS, which can be earned by players in-game. They can then choose to sell these tokens in exchange for other cryptocurrencies or stake them in one of the various staking options to earn some additional rewards. Alternatively, players can also earn respectable rewards by winning the "Arena of Fame" tournament which will be held yearly.

Additionally, CryptoZeroFi also has an integrated NFT marketplace and NFT Transfer functionality, allowing players to trade or gift their in-game characters and weapons with one another.

Furthermore, CryptoZeroFi will feature a clan system. Players will be able to create a clan and invite their friends and family to play alongside them. They can also earn some extra rewards for inviting others using their unique invitation code.

Last but not least, as mentioned, CryptoZeroFi is planning to integrate metaverse-capabilities into their project. This means that it might not be long before players will be able to put on a set of VR goggles and dive right into the world of CryptoZeroFi.

To learn more about CryptoZeroFi, visit their website or check out their official channels listed below:

Website: cryptozerofi.io/
Twitter: https://twitter.com/Crypto_ZeroFi 
Telegram Group: https://t.me/zerofi_group 
Telegram Announcements: https://t.me/zerofi_Channel

PR Newswire

The Hairy Monkey: Hairy monkeys to celebrate the Spring Festival and to greet Beijing 2022 Winter Olympics

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BEIJING, Feb. 18, 2022 — A news report by China.org.cn on China’s intangible cultural heritage:

"Half an inch tall, these monkeys bring folk customs of the capital city alive." This poem describes the hairy monkey, a traditional handicraft in old Beijing. The hairy monkey simulates human movements and life scenes, reflecting the life of the city, and has derived a variety of widely loved art works.

 

Before the eve of the 2022 Spring Festivalr, in order to have a closer understanding of intangible cultural heritage and feel the charm of traditional Chinese culture, Mengli and Ma Zhuoran who are international students from Russia visited the Studio of Zhang Fengxia, the fourth generation inheritor of Beijing style hairy monkey. They learned how to make a hairy monkey from Zhang Fengxia and gained a better knowledge of the hairy monkey culture.

The hairy monkey originated in the Qing Dynasty, which is more than 100 years ago. According to legend, there was a traditional Chinese herbal medicine shop called "South Qing Ren Tang" located at Luomashi Avenue on the outside of Xuanwumen in Beijing. One day, the clerk of the medicine shop was told off by the shop owner for no reason at all and felt very depressed. At night, when he was studying the herbs, he found by chance that the shape of Flos Magnoliae resembles the shop owner’s big belly. He then found a cicada slough and used its nose as the head, its front legs as the lower limbs, and its back legs as the upper limbs, which formed a monkeyish figurine. And that marked the birth of the first hairy monkey. Soon, the handicraft spread in Beijing and became a favorite toy for children.

It seems to be simple to make a hairy monkey, but actually it takes a lot of time and effort. To create in a small scale is a great test for the energy and endurance of the craftsman. "I thought the art was very simple, but I had a lot of difficulties in doing it," Mr. Ma said. Under the patient guidance of Zhang Fengxia, the international students completed their own hairy monkeys step by step, from the selection of materials to the arrangement of scenery. "I think it’s a beautiful art that conveys a lot of emotions. I wish more people knew about this art." After the experience, Mengli expressed his love and admiration for the monkey making.

Today’s hairy monkey creation are no longer confined to the old Beijing market culture, it continues to innovate with the development of the times. In the showcase of Zhang fengxia’s works, you can see a hairy monkey artwork themed by the canal in her hometown, Tongzhou which is also a new work created for the Winter Olympics in Beijing. Behind these exquisite works is Zhang Fengxia’s original aspiration and adherence to this skill.

The experience of making the hairy monkey not only makes international students feel the unique charm of China’s intangible culture heritage, but also makes the hairy monkey culture known and loved by more people.

PR Newswire

AOTAVERSE is Now in Malaysia: Local Celebrities include Sheila, Chen Bingyu, Jane Chuck and Others Show Love to This NFT

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KUALA LUMPUR, Malaysia, Feb. 11, 2022 — Today, the popular NFT GameFi project AOTAVERSE officially landed in Malaysia. AOTAVERSE is powered by Asia-based 3D modelling studio, Orienta Lab.

AOTAVERSE NFTs will officially be available to all Mekaverse holders on 16th February 2022 at 6 AM. Its whitelist pre-sale will begin later on the same day at 10:30 AM while its public sale will take place on 17th February at 11 PM.

Shila Amzah, a well-known Malaysian singer, Chan Peng Soon, a badminton player, and celebrities such as Jane Chuck, Amber Chia, Danny One, etc. have all supported the AOTAVERSE NFTs and posted them on their Instagram. And at the same time, the AOTAVERSE promotion video can be seen on the huge digital billboard outside Pavilion Kuala Lumpur.

Previously, AOTAVERSE has also been on billboards in Hong Kong, Taiwan and Japan, receives support from many local celebrities. Raymond Lam, Charlene Choi, Gillian Chung, Charmaine Sheh, etc. have all displayed their own AOTA NFTs on social media.

According to the official Twitter of AOTAVERSE, a whitelist giveaway event is being held. Anyone can participate by taking a photo of their billboard at Pavilion KL, details can be found on their official Twitter and Instagram.

For more information, please visit https://aotaverse.io

About Orienta Lab Limited

Orienta Lab is an Asia-based 3D modelling studio with 40+ professional 3D graphic artists and 10+experienced blockchain developers that are dedicated to realizing an immersive metaverse for the world. For more information, please visit https://aotaverse.io

PR Newswire

Last Chance to Register for NFTs of the digital Kiss by Gustav Klimt for Valentine’s Day

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VIENNA, Feb. 9, 2022 — The Belvedere museum in Vienna and the NFT investment fund artèQ are in the process of launching an exceptional NFT drop: Whitelisting ends on Thursday, 10 February, midnight (Central European Time), Gustav Klimt’s masterpiece The Kiss will be available for sale in a limited number of 10,000 digital excerpts.

A high-resolution digital copy of the most famous depiction of a pair of lovers has been divided into a 100 x 100 grid, resulting in 10,000 inimitable individual pieces that are currently offered as non-fungible tokens, or NFTs. The "whitelisting" phase, when interested parties can register to purchase on the thekiss.art platform, started 26 January 2022 and will close this Thursday night, 10 February, at midnight or 00.00 am, Central European Time. If the sale is oversubscribed, allocation of the 10,000 NFTs will be decided by lottery. From 11 February, whitelisted buyers can complete the transaction within 24 hours. If any pieces are left after the whitelisting phase, they may be purchased from 12 February at thekiss.art. Each NFT can be purchased at an retail price of 1,850 euros (incl. minting costs and VAT), respectively 0.65 Ethereum (excl. minting costs, incl. VAT). The drop, or official release of the NFTs, will take place on Valentine’s Day, 14 February. The NFT may be dedicated to a loved one on the official site – a most romantic digital declaration of love!

The press kit is available here for download.

For more information please contact: presse@belvedere.at.

Picture is available at AP Images (http://www.apimages.com)

Contact
Belvedere Press
T: +43 (01) 795 57-185
M: presse@belvedere.at
www.belvedere.at

PR Newswire

Xiaomi Strengthens Data Protection with Independent Audit of Compliance

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BEIJING, Feb. 3, 2022 — Xiaomi, a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core, has today announced the findings of an independent review into its data protection compliance.

Xiaomi appointed TRUSTe LLC, a subsidiary of TrustArc, to conduct an independent audit of its data protection and security management. The review comprehensively evaluated whether the processing of personal information conducted by Xiaomi is performed in compliance with the General Data Protection Regulation (GDPR) of the European Union (EU). The TRUSTe review summary states: "The measures described in the GDPR Validation Assessment were suitably designed to provide reasonable assurance" that all 40 GDPR Validation Requirements would be met.

As the first ever Chinese enterprise to receive certification from TRUSTe, Xiaomi continues to submit to outside scrutiny when it comes to data protection and user privacy, adopting the GDPR of the EU compliance assessment since 2018.

The Validation Requirements focus on program-level measures in eight areas: Integrated Governance, Risk Management, Resource Allocation, Policies and Standards, Processes, Awareness and Training, Monitoring and Assurance, and Reporting and Certification. A member of the Global Privacy Solutions team from TRUSTe validated that Xiaomi has met the applicable Validation Requirements.

Cui Baoqiu, Xiaomi Vice President and Chairman of Xiaomi Security and Privacy Committee, said the GDPR Validation Assessment is an important step in continuously enhancing the company’s data and security compliance. Xiaomi strives to uphold the highest standards of user privacy policies and practices, particularly for its users in the EU, he added.

Cui Baoqiu stated: "We regularly engage with TRUSTe, as well as other credible institutions globally to warrant that Xiaomi’s user privacy protection, including GDPR compliance, keeps improving and perfecting its practices to offer our users reliable and trustworthy products and services. I’m very pleased to see that Xiaomi has completed TRUSTe’s annual audit of GDPR privacy compliance, which demonstrates our commitment to privacy protection."

TrustArc, which is based in the U.S., is a leading global privacy compliance and risk management company with decades of deep expertise and leadership in building and maturing comprehensive privacy programs and enabling continuous compliance, information governance, and data security.

User security and privacy is Xiaomi’s top priority. In 2014, Xiaomi established its Security and Privacy Committee. In 2016, Xiaomi became the first Chinese enterprise to receive certification from TrustArc. Xiaomi adopted the GDPR of the EU compliance assessment in 2018, and continues to submit to outside scrutiny when it comes to data protection and user privacy. In 2019, Xiaomi security and privacy practices were certificated on ISO/IEC 27001 and ISO/IEC 27018. The company also published the first version of the MIUI security and privacy white paper.

For more information, please visit https://trust.mi.com/compliance

About Xiaomi Corporation

Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core.

Embracing our vision of "Make friends with users and be the coolest company in the users’ hearts", Xiaomi continuously pursues innovations, high-quality user experience and operational efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.

Xiaomi is one of the world’s leading smartphone companies. The company’s market share in terms of smartphone shipments ranked no. 3 globally in the third quarter of 2021. The company has also established the world’s leading consumer AIoT (AI+IoT) platform, more than 400 million smart devices connected to its platform as of September 30, 2021, excluding smartphones and laptops. Xiaomi products are present in more than 100 countries and regions around the world. In August 2021, the company made the Fortune Global 500 list for the third time, ranking 338th, up 84 places compared to 2020.

Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index and Hang Seng China 50 Index.

For more information about Xiaomi as a company, please visit https://www.mi.com/global/discover/newsroom

PR Newswire

Retailo Raises $36M million in Landmark Series A Round For Empowering Community Commerce in MENA Region

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MENA’s fastest growing B2B start-up focusing on regional expansion and many new initiatives to carry momentum forward

RIYADH, Saudi Arabia, Feb. 2, 2022 — Retailo, the fastest growing startup in Middle East, North Africa, and Pakistan (MENAP) which is digitizing the region’s retail supply chains, has raised $36 million in its Series A investment round which was a mix of equity and venture debt. Retailo is a regional B2B marketplace in MENAP and has raised a total investment of $45 million in less than 1.5 years of operations, a landmark for any startup in the region.

 

Retailo’s Co-founders (from L-R) Muhammad Nowkhaiz, Talha Ansari and Wahaj Ahmed.
Retailo’s Co-founders (from L-R) Muhammad Nowkhaiz, Talha Ansari and Wahaj Ahmed.

 

Retailo’s Series A round has attracted leading investors with proven track records of impactful investments. The round was led by Silicon Valley based Graphene Ventures which was an investor of tech giants Snapchat and Lyft.

For Retailo’s Series A, Graphene is joined by leading investors that include 500 Global, Agility, Aujan, Tech Invest Com and Mentor’s Fund, all of which have the relevant exposure and investments in the retail industry’s technology companies. The venture debt was raised from Nahda Fund – one of the Middle East’s first venture debt funds which is backed by IMM Investment Global, based in Hong Kong. Additionally, Shorooq Partners, Abercross Holdings, Arzan VC, AgFunder also participated in the round as repeat investors which demonstrates their continuing belief in Retailo’s successful future.

Retail in MENAP is a $500 billion industry which consists of over 10 million small businesses to serve a population of more than 700 million consumers. However, the majority of this retail industry is informal and undigitized. Small businesses have to rely on inefficient supply chains and limited financial resources while operating on impossible margins. Retailo aims to champion these small business owners by building a suite of technologies around them. The company has begun this via their B2B community commerce platform which is used by over 50,000 retailers monthly.

On Retailo’s mobile platform, small businesses can find a wide catalogue of over 5,000 SKUs which are delivered to their doorstep in less than 24 hours. They can also avail Buy-now-pay-later (BNPL) services, which give them flexible payment options and credit lines. By providing timely supply, competitive rates, and easy credit, Retailo is able to address the needs of retailers and significantly improve their business.

To offer a one-stop shop solution, Retailo (https://retailo.co) directly works with hundreds of leading local, regional and global brands. Retailo also optimizes end-to-end logistics in the supply chain via efficient warehousing operations and smart fleet management solutions. Leveraging its wide regional presence, Retailo has recently begun offering its sellers a cross-border distribution platform across the three biggest markets in the region: KSA, UAE and Pakistan. Retailo also provides data analytics services to sellers to help them evaluate sales performance and consumption trends.

Headquartered in Riyadh, Retailo was founded by former Careem executives Talha Ansari, Wahaj Ahmed and Mohammad Nowkhaiz in July 2020 with a unique regional launch. Growth has been quick and in only 18 months Retailo has scaled to 10+ cities in 3 countries: KSA, UAE and Pakistan. "The multi-market strategy from day one was unconventional and challenging. Covid made it even more so. But now Retailo is a scalable organization with hundreds of millions of dollars in annualized revenue and colleagues from multiple nationalities and diverse backgrounds who have left leading institutions like Amazon, Delivery Hero and Goldman Sachs to fulfil Retailo mission in building technology that empowers 10 million retailers in the region," said Himag Vaidya, Retailo’s Head of Strategy.

Nabil A. Borhanu, partner at Graphene Ventures said, "We are impressed with what Retailo has achieved in an astonishingly short time. Their vision is both ambitious and inspiring and we believe that partnering with them is a sound business investment and also a chance to truly improve the lives of millions of people."    

The Series A funding will help Retailo move into the next phase of expansion into new geographies, verticals and products. "As global supply chains come under stress pushing up commodity prices and depressing GDP growth, the value of smart supply chains becomes even more important," said Retailo’s CEO Talha Ansari. "The retail sector serves 700 million persons in MENAP, contributes almost 20% to the GDP and employs tens of millions. By providing technology solutions to this underserved market, we are not only improving lives but also uplifting the economy of the entire MENAP region."

For further information, please contact:
Sibtain Naqvi
Director Strategic Communications
Retailo Technologies
Email: sibtain.naqvi@retailo.co
+923062497523