GUANGZHOU, China, July 17, 2020 — In 2020, ShopSave, the newest social sharing-oriented shopping guide e-commerce platform went live. It was launched by Ruiku Information Technology Co., Ltd. Terry Wang, CEO, says: "ShopSave seeks to satisfy consumer’s demand for cost-effective branded and high-quality products and strives to build ‘Buy to Save, Share to Earn‘ e-commerce ecosystem, in order to promote the optimization and upgrading of the mobile e-commerce industrial structure".
ShopSave brings huge amount of products with super discounts, high cashback and high commissions, so that you can save money and make money just by moving your finger! (Screenshot of interface of ShopSave APP)
Nowadays, the cost of traditional e-commerce customer acquisition is high, and the underlying purchasing power cannot be activated, but the network information channels are becoming more abundant, the trading information is becoming more symmetric and transparent. People begin to realize the limitations of traditional traffic channels, and the interest to flow of the Social platform users is rapidly increasing.
As AliExpress’s official cooperative cashback platform, ShopSave will immediately release the latest hidden coupons, as long as any of AliExpress’s products have promotions, and any user who downloads ShopSave can use it to buy the same product at a lower price. The certain percentage from the amount of money spent by user will be returned to them as a cashback, so they can withdraw it periodically. It is worth mentioning that the process of obtaining coupons from ShopSave is highly convenient. User only has to copy the link of the product he wants to buy on AliExpress and open ShopSave to automatically paste the searched coupon.
Exposure through advertising and improving ranks is no longer the only way for e-commerce to acquire customers, so getting more traffic through social channels has become another competition point for e-commerce merchants. Merchants are joining the promotional cashback activities, and ShopSave shares the most of this promotional commission to user, which is helping user to get more benefits and increasing the activity of their APP and users’ participation at the same time.
When user shares the goods with others to buy through ShopSave, it is equivalent to helping the merchant to promote their products, so the commission is the promotion fee paid to the user. In other words, the more they share, the more commissions they get. In order to involve more users, ShopSave provides an additional opportunity for each user to start their own business with 0 costs. The user invites others to register as members of ShopSave. Every time one of these persons makes a purchase through ShopSave, the user gets a substantial commission income, so, basically, it allows them to make money while doing nothing.
It is precisely because this is a win-win strategy, it has quickly become an ancillary industry of e-commerce shopping APPs. With the rapid development of e-commerce, the content guide e-commerce platforms will increase their influence at market, so the cashback and coupons APP, such as ShopSave itself, has huge development prospects.
About ShopSave
ShopSave brings huge amounts of products with super discounts which have high cashback and high commissions. Here, you can get the coupons first, then save money on shopping and earn commissions by sharing goods. After your friend buys the products you have shared, ShopSave will reward you with some of the benefits. The more friends you shared with, the more benefits you get.
ShopSave utilizes Facebook, Instagram, Twitter and Whatsapp to create a Sales oriented and Sharing ecosystem: join as VIP member by purchasing any gift package, invite friends, Share the business can get a generous income. ShopSave provides highest quality service for everyone to join as entrepreneur and to achieve personal entrepreneurial goals. It helps all the members to buy cost-effective goods without leaving their homes and to gain the opportunity of starting business to realize their financial freedom!
ShopSave provides one-click pre-sale and after-sale customer service, logistics, as well as other services, without hoarding compaction. To provide VIP members with ZERO (0) risk of entrepreneurial opportunities.
XIAMEN, China, July 17, 2020 — Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT), a producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, today announced the closing on July 15, 2020 of its previously announced sale of $3,262,000 of senior secured convertible notes in a private placement to two accredited institutional investors, together with the issuance of warrants to acquire up to 784,000 ordinary shares of the Company, for an aggregate cash purchase price of $2,800,000 (reflecting an original issue discount of $462,000).
“We are pleased to announce the closing of the transaction previously announced on July 9, 2020,” said Mr. Xiaodong Chen, Chief Executive Officer of Blue Hat. “We believe this investment helps strengthen our financial position and provides the Company with the resources to grow its business. As a consumer-centric company, we are committed to providing our users with an engaging and interactive experience.”
FT Global Capital, Inc. acted as exclusive placement agent for the transaction.
Further details regarding the transaction can be found in the Company’s Reports on Form 6-K filed with the Securities and Exchange Commission on July 9, 2020 and the date hereof.
About Blue Hat
Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games, and toys with mobile game features. The Company’s interactive entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com.
Forward-Looking Statements
This release contains 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company’s SEC filings. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements.
Contacts:
Lexie Zhang Blue Hat Interactive Entertainment Technology Phone: +86 (592) 228-0010 Email: ir@bluehatgroup.net
BEIJING, July 17, 2020 — Jianpu Technology Inc. (“Jianpu,” or the “Company”) (NYSE: JT), a leading independent open platform for the discovery and recommendation of financial products in China, today announced that it has completed its registration and the required information filing for its mobile application, Rong360, with the National Internet Finance Association of China (“NIFA”), the national self-regulatory body for China’s internet finance industry that is backed by the People’s Bank of China (“PBOC”).
Mr. David Ye, Co-founder, Chairman and Chief Executive Officer of Jianpu, commented, “In our almost nine years of operations, Rong360 | Jianpu Technology has long been cultivating a strong track-record when it comes to user privacy protection, data encryption and information safety, treating the security and protection of user data as a critical component and highest priority of our business. We are pleased that the Rong 360 App is included amongst the select accredited list for registration with NIFA. It demonstrates the recognition by government authorities of our secure and reliable operation and service. We will continue to work directly alongside NIFA as we promote intelligent financial services, advance financial inclusion, reduce the barrier and cost of financial services and finally, ensure and encourage consumer rights protection and education.
“As mobile internet continues its expansion as an integral part of our daily lives, cybersecurity is more critical than ever. We will continue to embrace regulatory compliance and collaborate closely with regulators to promote the healthy and sustainable development of the digital finance service industry. With our proprietary technology capabilities and a strict user privacy protection mechanism in place, we remain dedicated to being everyone’s financial partner, providing personalized and convenient financial services to our users while firmly safeguarding their personal information,” Mr. Ye concluded.
PBOC has been tightening its oversight of financial mobile applications to reduce information-associated financial risks and protect user data privacy. In September 2019, it issued financial mobile application software security management specifications, and tasked NIFA to execute the mobile app registration process. Financial institutions, such as banks, brokerage houses, fund managers, insurance companies, payment service providers, and other ecosystem participants including FinTech companies, are encouraged to submit application and self-inspection reports on their financial services apps. NIFA is responsible for the registration and filing process, and publishes the list of accredited mobile applications accordingly.
About Jianpu Technology Inc.
Jianpu Technology Inc. is a leading independent open platform for discovery and recommendation of financial products in China. By leveraging its deep data insights and proprietary technology, Jianpu provides users with personalized search results and recommendations that are tailored to each user’s particular financial needs and credit profile. The Company also enables financial service providers with sales and marketing solutions to reach and serve their target customers more effectively through online and mobile channels and enhance their competitiveness by providing them with tailored data, risk management and end-to-end solutions. The Company is committed to maintaining an independent open platform, which allows it to serve the needs of users and financial service providers impartially. For more information, please visit http://ir.jianpu.ai.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of 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,” “confident” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goal and strategies; the Company’s future business development, financial condition and results of operations; the Company’s expectations regarding demand for, and market acceptance of, its solutions and services; the Company’s expectations regarding keeping and strengthening its relationships with users, financial service providers and other parties it collaborate with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China: Jianpu Technology Inc. Oscar Chen Tel: +86 (10) 6242-7068 E-mail: IR@rong360.com
The Piacente Group, Inc. Jenny Cai Tel: +86 (10) 6508-0677 E-mail: jianpu@tpg-ir.com
In the United States: The Piacente Group, Inc. Brandi Piacente Tel: +1-212-481-2050 E-mail: jianpu@tpg-ir.com
BEIJING, July 15, 2020 — AGM Group Holdings Inc. (“AGMH” or the “Company”) (NASDAQ: AGMH), an application software company providing accounting and ERP software, fintech software, and trading education software and website service, today announced that AGM Technology Limited (“AGMTech”), a wholly-owned subsidiary of the Company, entered into a Memorandum of Understanding (“MOU”) with GMTK Global Pty Ltd. (“GMTK”), a Australia-based brokerage firm, to jointly promote the Company’s newly launched online trading education and social trading network platform FXSC in the Australia market. A binding contract or partnership agreement is expected to be negotiated on or before August 15, 2020.
Wenjie Tang, Chief Executive Officer of AGMH, commented, “FXSC is a virtual trading education and social trading platform that we launched at the beginning of the month. With innovative features, such as tiered trading contest with prizes and incentives, and real-time multi-party interaction, FXSC offers enhanced experience for all levels of users. We are thrilled to have the opportunity to penetrate the Australian market through a potential partnership with GMTK and looking forward to firming up the relationship with GMTK in coming weeks.”
About AGM Group Holdings Inc.
Incorporated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. is an application software company, currently conducting three main business: 1) accounting and ERP software, 2) fintech software, and 3) trading education software and website service. For more information, please visit www.agmprime.com.
Forward Looking Statements
This news release contains “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. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
The LoginID FIDO2 and UAF certified Strong Customer Authentication platform will provide Data on Tap, Execuvault, NetCents, Global Asset Technology, POS Connect, and FroogalPay customers frictionless, secure biometric logins, removing the need for traditional logins and passwords
SAN MATEO, California, July 14, 2020 — LoginID Inc. has announced new partnerships as part of its launch of FIDO-as-a-Service, for small and medium sized enterprises. This follows on its recent announcement for the Indonesian market, with eKYC leader, ASLI RI. The new partners announced will integrate the LoginID FIDO2 and UAF certified biometric strong customer authentication in support of various use-cases.
By integrating the LoginID strong customer authentication, partners will now be able to reduce end-user dependency on weak logins and passwords. According to the FIDO Alliance, 64% of eCommerce customers and 78% of peer to peer transfer users, prefer stronger authentication versus traditional logins and passwords. With LoginID’s FIDO-as-a-Service, partners will be able to provide their customers additional confidence, and higher security in their daily digital interactions, eliminating passwords and logins. “Developers and enterprises are looking for very low-lift integrations of leading-edge products. Our FIDO2 and UAF certified strong customer authentication can be integrated in less than an hour, and will provide end-users a frictionless experience” says Simon Law, CEO of LoginID.
Differing from proprietary biometric solutions, the LoginID FIDO2 and UAF certified platform utilizes cryptographic security based on the customer’s device hardware, therefore it is not vulnerable to hacks or OS takeovers. It works right out of the box, with no additional hardware or downloadable software required by customers. The customer experience is very simple and intuitive, with a ‘biometric login’ button displayed, where customers can use their fingerprint scanner on their device to login to an application or website. Customers won’t have to remember passwords or use other weaker forms of logging in.
Data on Tap is a Canadian based telecom technology company that is developing a digital ecosystem of highly-customized mobile services serving smartphone customers. “With the LoginID FIDO2 service we will be able to increase digital in-app and web interactions security and where required provide additional authentication and user level control,” says Algis Akstinas, CEO of Data on Tap. “This will also alleviate any customer concerns around SIM swap attacks, which is becoming more of a prevalent issue for customers”.
Execuvault is a Toronto-based FinTech Startup on a mission to transform the legacy transfer process using blockchain technology. Self-executing smart contracts record the terms of users’ directives and bequests (assets, investments, life insurance policies, and documents— securely stored in a personalized vault); and then validate the criteria for assignment and disbursement. The XV Legacy Transfer Platform automates the division of funds through trusted transactions —which are digitally notarized and irrefutable— and can be carried out among disparate, anonymous parties; without the need for a central authority or external enforcement mechanism. “We see a lot of flexibility around how we can easily integrate FIDO2 biometrics into our existing customer experience with LoginID” says Brian Kieller, CEO of ExecuVault.
NetCents Technology (CSE: N.C. / Frankfurt: 26N / OTCQB: NTTCF) provides a very simple way for merchants to accept cryptocurrency as a payment option for their customers. By integrating the NetCents crypto payment button, merchants have an easy way to process various cryptocurrencies and as a complement to traditional payment methods. “Security is top of mind for our merchants and their clients. Anything we can do to help further secure out interactions with our merchants or their customers, will help increase our future transaction volume,” says Pat Albright, Executive Vice President at NetCents Technology.
FroogalPay is middleware that provides software developers a quick and easy way to accept payments from within their application. “Our clients not only need the highest standard around security, but we need to ensure that we provide ways to increase conversions. With LoginID’s FIDO2 biometric button, there are various ways merchants can integrate into their customer journeys, making it simpler and safer for customers to pay while protecting merchants from fraud.” says Jonathan Reinsdorf, CEO of FroogalPay.
Global Asset Technology has developed an asset based crypto token that can be used towards traditional assets. “With LoginID we will secure our interactions for our institutional clients, who need simple, yet rigorous security that eliminates threats to their accounts from outside parties” says Steve Katmarian, CEO of Global Asset Technology.
POS Connect is a software developer and payment processor which provides merchants and enterprises secure ways to bill and collect payments. “More and more of our services are global in nature. Since the FIDO standard is aligned with regulatory standards such as PSD2 and GDPR, our clients will have assurances that services they are providing meet the expectations of the market as it relates to security and privacy” says Marius Kimel, CEO of POS Connect.
Simon Law, CEO of LoginID says “These partners provide a great cross section of the types of businesses that can leverage strong customer authentication by integrating a simple, biometric button. We expect to see more and more companies like these recognizing how easy it is to protect their customers while at the same time improving the overall experience.”
LoginID will be adding more functions and features for partners and developers as part of its self-serve digital onboarding experience, in the coming weeks.
About LoginID LoginID is a San Mateo/Toronto based company focused on bridging the gap around authenticating users and securing their information, using its patent-pending encryption protocol Secure Data Diffusion. This is facilitated through its FIDO2 and UAF certified strong customer authentication, privacy and tokenization platform. The team is composed of seasoned executives with decades of experience, across global brands, helping commercialize products around security, cryptography, payments and mobile. sales@loginid.io
About Data on Tap Inc. Data on Tap Inc. is building dotmobile™, a smart tiny telecom with a goal – to make wireless more affordable and awesome for youth, seniors, students, newcomers, visitors to the country, small businesses, and families that want to save. Data On Tap™, dotmobile™, dot.™ and the dotmobile logo are trademarks of Data On Tap Inc.
About Net-Cents Inc. NetCents Technology Inc (NC.CN), the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market. NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC For more information, please visit the corporate website at www.net-cents.com or contact Investor Relations: investor@net-cents.com. To keep up on the latest – make sure to join the telegram channel http://t.me/NetCents
About FroogalPay FroogalPay is a user-friendly Virtual Terminal/Invoicing System/Hosted Payment Pages platform for merchants that turbocharges how 125+ payment gateways process credit cards and ACH. In addition, FroogalPay is middleware that provides software developers a quick and easy way to accept payments from within their application. With a single lightning-fast integration, software developers can access all of our 125+ turbocharged gateways, FroogalPay is headquartered in Chicago with an office in Montreal, Canada. Visit froogalpay.com.
About Global Asset Technology Inc. Global Asset Technology is developing a user-friendly and compliant platform that allows non-coders to launch and manage sophisticated blockchain applications. For more information visit our platform site argoblock.com
About POS Connect Inc. Toronto based POSconnect develops and supports a number of proprietary integrated payments software and platform solutions, both in North America and globally. POSconnect’s diverse customer base represent a multitude of market segments, from Brick and Mortar to Broker-Dealer, SME’s to multinationals, POSconnect supports streamlined, ubiquitous global payments and fintech related services. Visit POSconnect.com to learn more.
PARIS, July 13, 2020 — Behind the closed-doors of the glitzy Bellagraph Nova Group office inside 10 Place Vendôme, Paris, a series of stimulating, intellectual discussions and negotiations have been taking place over the last few months, some of these exhilarating discussions will go down in history as one of those defining moments that will forge the destiny of a multibillion global company and potentially even the new digital world.
The New Social Technology Revolution – Panel Discussion With Bellagraph Nova Group Founders And Barack Obama On Their Ambitious Quest To Seize The Opportunity Of A Lifetime In The Post Pandemic World.
Headquartered in Paris, France, the Bellagraph Nova Group (BN Group), the conglomerate overseeing 31 business entities, across 100 countries, is the world’s fastest growing 360˚ lifestyle platform. Founded by the trailblazing trio, Ms. Evangeline Shen, Mr. Nelson Loh and Terence Loh, the Bellagraph Nova Group since its inception, has taken the world by storm, making strategic chess moves that even the greatest Grandmasters will be proud of.
One such brave move was the decision of the trio to embark on their landmark merger in the midst of the global pandemic crisis. The audacity to even fathom such a strategic thought by itself, is already no mean feat and the ability to pull it off was nothing short of a miracle move.
Below is an excerpt of some of the interview questions, discussed over the last few months behind closed doors, while the world was battling the Covid 19 crisis.
Question 1) Following the multi-billion dollar landmark merger between DORR Group and the Bellagraph Group of Companies and setting the new global HQ office at Paris, what is the rationale behind this brave decision in the midst of the worst pandemic crisis in human history and what inspired the founders of BN Group to embark on such ambitious, expansionary plans that the Group has been making over the last few months.
If one were to look back into the sands of time, all the previous pandemics in human history have massively reshaped our society, reformed religious existence, altered values of mankind and changed social behavior patterns globally. Starting from the 14th century, the Black Death rapidly spread across Europe until 1771 and killed over 75 million people. The pandemic immediately heralded changes in both the social and political systems and directly led to the collapse of feudalism.
According to Boccaccio in “The Decameron”, the Black Death led to monumental changes in social structure and religious form, which ended the Catholic Reign and resulted in an integration of various religions throughout Europe. Furthermore, this pandemic brought about massive wealth erosion in Europe and laid the foundation for the birth of laissez faire capitalism as well as catalyzed the industrial revolution in the 18th century.
In 1918, the Spanish flu quickly spread throughout Europe and eventually the world. According to scholars, over 1.8 billion people were infected worldwide. While this plague did not directly reshape social structures, the Spanish Flu did have a profound impact by ending World War I. The Spanish Flu outbreak also spawned the feminist movement due to a decline in labor force and the redistribution of wealth, thereby leading to the 19th amendment in the US Constitution and other historical human rights movements. From this perspective, the Spanish Flu was the ultimate factor advancing mankind towards modern civilization as well as promoting focus on women empowerment.
Will the Coronavirus disease cause more impact than the Spanish Flu or even the Black Death? As history has taught us, the effects of these global phenomenons can occur years, decades and centuries after a global changing event. Given human’s finite lifespan, one can never truly foresee the after-effects of any global pandemic.
Only time will tell the full impact and after-effects in the post Covid world. However, we have already witnessed how the Coronavirus disease has massively altered human behavior patterns, most notably shifting multiple forms of social interaction from offline to online (O2O) and this O2O transition will only accelerate going forward and drive human behavior across all facets of our lives. We at the BN Group call it “the new social technology revolution”.
As countries around the world are adopting aggressive expansionary financial policies, it will bring about global asset appreciation and new investment opportunities. Geopolitics will have contracted significantly and lead to more regionally based operations for multinational companies. Looking further ahead, just as the Black Death and the Spanish Flu has advanced modernization, the Coronavirus will also lead mankind to thrive and to advance faster across all aspects, such as technology and human civilization. This means it will also catalyze human rights movements, such as the movement regarding George Floyd in the United States. Along the same vein, it will also result in movements such as women empowerment movements, LGBT movements, religious harmony movements to promote social reform. And it will catalyze technical revolution on the same basis.
To summarize, each of these historical pandemics will firstly always result in global regionalization. It is challenging to all global enterprises, including the Bellagraph Nova Group, to respond to such challenges, we are establishing more local presence by setting up more regional offices in our respective target markets. The recent merger of the Bellagraph Nova Group, who has a strong presence in North America, Europe, Asia and Africa, has allowed this new conglomerate to already enjoy improved operational efficiencies throughout its expansive network around the world.
Secondly, these global events have corresponded to more emphasis and focus on humanity and human rights in addition to technological advancement. Europe has always been the frontier of such advancement and human rights movement, hence the BN Group has chosen Paris as its new global headquarters. Our decision to move back to Paris is inevitable. It is as if we are answering our call to destiny and retracing the path of history.
Question 2) Many businesses have complained that this devastating crisis is detrimental to everyone globally and some call it the Black Swan Event. To what extent has the pandemic affected the original launch plan of the Group? What has been done to make up for it?
We strongly believe that this pandemic is no different from any other global crisis, it would only impact businesses that are weak, that are problematic, that are not willing to disrupt themselves. And for us, the BN Group, it is not a challenge, but an opportunity.
When the pandemic started, as countries around the world began to close their borders and limit travel, we quickly realized that major countries in Europe and America would restore their positioning as regional centers, and it would be essential to set up a local headquarter in each respective region. Therefore, we accelerated the merger of the Bellagraph Nova Group and immediately decided to move our new headquarters to Paris given it is in the heart of Europe. This has allowed us to seize opportunities in expansion and to further our investments, as global financial institutions embark on unprecedented aggressive expansionary fiscal and monetary policy stimulus strategies.
The New Social Technology Revolution – Panel Discussion With Bellagraph Nova Group Founders And Barack Obama On Their Ambitious Quest To Seize The Opportunity Of A Lifetime In The Post Pandemic World.
Question 3) We understand that Ms. Evangeline Shen, Mr. Nelson Loh and Mr. Terence Loh or better known as the successful trailblazing trio have been actively engaged in merger talks since early 2019 and despite in the midst of an unprecedented global pandemic crisis, the three of you have still decided to complete the merger. Can you elaborate more on this? How was this achieved during the pandemic especially when we have witnessed several landmark deals being cancelled as a result of Covid 19 (for example the pending LVMH acquisition of Tiffany running into problems)?
The past eighteen months have posed many challenges for us to close the deal. There is the ongoing trade war between China and the United States, as well as several geopolitical issues around the world. At the same time, the world seemed to take a heavier hit and started to crumble when Covid 19 hit the global economy. These challenges are unprecedented and may appear insurmountable to those entrepreneurs and global leaders who are weak, who are narrow minded and who have limited vision. But we believed deep in our hearts and minds, that looking back at history, not only is this Covid 19 pandemic not unprecedented, today’s crisis is insignificant compared to what happened during 1914 to 1945.
Mankind has overcome much worse. During the 20th century, there was World War I, and then followed by the decade long Great Depression era, and then soon afterwards World War II befell. The world economy was in a much worse state than now, but it was during such crisis, that the United States became the world’s most powerful country, and its economy kept growing until today.
The three co-founders of the Bellagraph Nova Group have this strong belief, that the Coronavirus situation should not be construed as another challenging crisis. It is in fact the opportunity of a lifetime for the BN Group. For a company like us, which has deep experience and capabilities in social media and social networks and coupled with the fact that our company not only possesses state-of-the-art technological innovation, we also strongly value human rights. We are proud that the group focuses on advancing human civilization as our key initiatives, and today’s global platform provides the best opportunity ever to promote our values and beliefs. This is where our strength lies.
It is not just talk, but all about the actions we take, demonstrating our beliefs and values. The Bellagraph Nova Group appointed the only female amongst the three co-founders, Ms Evangeline Shen as the Group’s chairman, engaged former LVMH group executive Nereides de Bourbon as global marketing and investor relations director, who is a member of the LGBT committee. The Group also appointed Monica Bellucci, the global renowned Hollywood celebrity, on the board as a non-executive Director focusing on sustainability and the group’s charity foundation effort.
In addition, the company has also acquired former L’Oreal Group’s network spokesperson Badara Ndiaye as the company’s brand planning and product spokesperson. The BN Group is providing a prime example, by providing opportunities equally to the most talented individuals regardless of their gender, race, religion, and sexual orientation. This has demonstrated our initiatives of truly promoting humanity and advancing civilization. It is not only our vision, but also our responsibility as a leading global enterprise to be a role model for all the other enterprises.
Question 4) In order to still be able to expand and launch new projects during times like this, one probably has to have very deep pockets. And to continue to go ahead with business expansion, you need to be able to afford to “bleed” during this long-lasting global crisis period. Do you agree? Why or why not?
With a total of 31 major subsidiaries, operating in more than 100 countries and employing over 23,000 employees worldwide, the Bellagraph Nova Group is an established global conglomerate. Not only does the company have sufficient capital to deploy, it also has strong presence in human resources and operational infrastructure, especially in Europe and the US. It is not only funds that are required to plan for business expansion nowadays but more importantly one also requires courage and visionary strategies.
Our BN group already possesses very well-organized infrastructure in Europe, North America, Africa and Asia. The BN Group has adapted quickly to maintain a highly profitable business model across all its entities while still being able to either enhance the valuation for its respective holdings. Not surprisingly, the successful track record of the BN Group has not gone unnoticed and has caught the eye and impressed global investors around the world from the Middle East to the United States.
Through one of the BN Group’s entities, Bellagraph Jewelry’s client relationship management, the King of Saudi Arabia, the King of Qatar, and Queen Mother of Qatar have expressed their interest on investment opportunities and collaborations. Through our extensive work with the Obama Foundation charitable initiatives as well as ongoing effort to promote human rights, we have attracted several global companies such as the likes of Citibank, JP Morgan, and other established Global Fortune 500 companies to partner with the BN Group.
Our BN group has unparalleled resources globally in this new digital economy. One of the BN Group’s key strengths is its ability to brand and market its vision and business successes digitally across social media worldwide. Based in North America, the Bellagraph Media production team garners over 20 million hits every seven days. This viewership exposure is comparable to video playback analytics similar to the likes of Apple during the release of its latest iPhone model. Such capability is vital to this era we call the “new social technology revolution” and this is the basis of our incredible success.
ABOUT BELLAGRAPH NOVA GROUP
Sustainability, diversity and ethics, constitute the cornerstone of BN Group’s model and compliance policy for its executives, employees and stakeholders. Our emblem is the butterfly, the symbol par excellence of endurance and perennial metamorphosis.
The Group is headquartered in the famous 10 Place Vendôme in Paris, France. With 31 entities in over 100 countries, the combined US$12 billion revenue Bellagraph Nova Group is the world’s fastest growing 360° lifestyle platform.
HO CHI MINH CITY, Vietnam, July 13, 2020 — On 2 July 2020, at The MOONLAB Co-working space, the four-month journey of the VIISA Acceleration Program Batch 7 reached the signature “Investment Day” milestone.With the aim of showcasing graduating startups to investors all over the world despite the COVID-19 situation, for the first time, VIISA organized the Investment Day in a hybrid manner.The Investment Day welcomed more than 100 active investors, corporations, and startup community builders to both the on-site location, as well as to an exclusive virtual event via a conference call.
VIISA Acceleration Program Batch 7 graduated
In the welcome note, Mr Hieu Vo, VIISA’s Board Member and Program Director, re-emphasized much need of technology evolvment in the context of the pandemic has turned the entire world upside down with lots of business giants being failed. Startups strive everyday to give the answer and solution to economy entities to ride through hardship and thrive in new normal period. 6 startups pitched at VIISA’s Investment Day includes: iSpeaking, VDES, TripHunter, Ask Locals, Medigo and Gring with focus on education, technology solution, travel, medical and employee training respectively.
For the main part of the event, Ask Locals, Medigo and Gring, three startups from the VIISA Acceleration Program Batch 7, took the stage. Despite the circumstances created by COVID-19, VIISA and the founders still managed to follow the agenda set out at the beginning of the batch. Batch 7 startups have gone through seven intensive online business management training sessions, 80 hours of working with the mentors, entrepreneurs-in-residence and VIISA’s executive team.Prior to the Investment Day, the companies were also given the chance to trial pitch their business to reputable investors to gain valuable feedback from 11 investors in 1-on-1 sessions.Finally, as always, they enjoyed VIISA partners’ world-class services such as Amazon Web Services, Google Cloud, Payoo, MOONLAB Co-working space, etc.The promising startups will have a chance to get follow-on funding of up to US$200,000 from the VIISA Investment Track if they manage to secure a new round of funding from other investors.
“I believe that VIISA has helped us a lot in terms of building a clear and sustainable business and financial model.The VIISA team has also brought us so many opportunities from their network of partners.Another necessary thing is that VIISA has shown us the importance of choosing what to focus on to make the business grow faster with our limited resources.And this is important for us to know the right direction to go and to put our effort in during this time,” said Le Huu Ha, founder of Medigo.
Mr. Duc Tran, Board Member and CEO of VIISA, delivered the closing speech of the Investment Day 7 and also called for startups to apply to Accelerator Program Batch 8 at VIISA at the website www.viisa.vn/apply-batch-8.
About VIISA:
Established in January 2017 by FPT Ventures and Dragon Capital, VIISA is an acceleration program and seed-stage fund that invests to build global-ready startups from Vietnam.After six batches, there have been 32 graduates, with some highlighted names such as UrBox, WisePass, VDes, BoxShop, EcomEasy, and TripHunter, which have created more than 400 jobs and raised a total committed US$5 million from other investors.
BEIJING, July 11, 2020 — Mercurity Fintech Holding Inc. (the “Company” or “MFH”) (Nasdaq: MFH) today announced that Mr. Samuel Y. Shen has been appointed as independent director to the Company’s board of directors (the “Board”) and a member of the compensation committee of the Board. Concurrently, Mr. Min Zhou has resigned from the Board, the audit committee of the Board and the compensation committee of the Board for personal reasons. These changes were effective on July 9, 2020.
Mr. Samuel Y. Shen has been in the internet and technology industries for more than 20 years. He currently serves as executive chairman for new retail business group at 21Vianet Group, Inc. (Nasdaq: VNET), a leading carrier- and cloud-neutral Internet data center services provider in China. In 2020, he also co-founded Apurimac Partners Inc., a private investment firm with focus on digital real estate and edge computing industries, and serves as its founding partner. Prior to that, Mr. Shen was president for JD Cloud, a full blown public cloud provider in China and a wholly owned subsidiary of JD.com, Inc. (Nasdaq: JD) from 2017 to 2020. Mr. Shen also had a 23-year career at Microsoft (Nasdaq: MSFT) taking various leadership roles, during which he worked at the head quarter and international subsidiaries from 1993 to 2017. His most recent position at Microsoft was chief operating officer and managing director for the Cloud & Enterprise Group of Microsoft Asia-Pacific Research & Development Group. Mr. Shen received his Bachelor of Science degree in chemistry from National Tsing Hua University in 1986 and his Master of Science degree in computer science from University of California, Santa Barbara in 1991. From 2001 to 2002, he also attended executive class program at Northwestern University Kellogg School of Management.
Ms. Hua Zhou, Chairperson of the Board and Chief Executive Officer, commented, “On behalf of the Board, I would like to thank Mr. Min Zhou for his contribution to the Company and wish him every success in the future. At the same time, we are pleased to welcome Mr. Samuel Y. Shen as our new Board member. His extensive leadership experience and corporate governance expertise in the internet and technology industry will provide us with valuable guidance as we continue to grow our business.”
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend, ” “ought to, ” “plan, ” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company’s beliefs and expectations are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
HONG KONG, July 10, 2020 — Co-hosted by Guangdong Hongkong and Macau Youth Enterpreneurship Incubator, together with the Hong Kong eCommerce Research Centre, and organized by Bonjour Technology, the "Hong Kong E-commerce Development Summit" & "E-Commerce Youth Entrepreneurship Scheme" was officially launched today at Bonjour Group Centre in Bonjour Tower. The "Hong Kong E-commerce Development Summit" discussed how the converging of capital flow, logistic flow and data flow empower the e-commerce industry to become the main driving force of Hong Kong’s future economic development and young entrepreneurship. "E-Commerce Youth Entrepreneurship Scheme" also kicked off today, aiming to encourage and assist university students in Hong Kong to kickstart their own career in e-commerce without any costs; and to promote the development of e-commerce in Hong Kong.
Hong Kong E-commerce Development Summit
The Summit gathered the e-commerce industry’s top-level professionals, including the representatives of six e-commerce associations, namely Hong Kong Federation of E-commerce, Hong Kong Entrepreneurs Association, Hong Kong Internet and e-Commerce Association, Hong Kong Federation of E-commerce, Hong Kong Cross-border E-commerce Association and Hong Kong Blockchain Industry Association, as well as representatives from leading e-commerce enterprises including Alibaba, Tencent, JD, eBay and Google,to discuss how the synergy of capital flow, logistic flow and data flow empowers the e-commerce industry and capitalizes Hong Kong’s traditional advantages to build a successful e-commerce service system in the Greater Bay Area. The Summit also focused on how e-commerce becomes the main driving force of Hong Kong’s future economic development, how new technologies and new economies promote the development of traditional local enterprises, as well how enterprises benefit from e-commerce to encourage young entrepreneurs. The Summit aimed to strengthen the local enterprises’ understanding on e-commerce and further drive the development of the retail industry.
E-Commerce Youth Entrepreneurship Scheme
The Scheme was hosted by Guangdong Hongkong and Macau Youth Enterpreneurship Incubator, and organized by Bonjour Technology, aiming to at nurture young local e-commerce entrepreneurs and enhance the development of e-commerce in local businesses. The Scheme will take on 1,000 Hong Kong university students. Students who are interested in the scheme can apply online starting from today (see attached QR Code) and will have the opportunity to develop their own e-commerce businesses on the systematic and comprehensive sales platform established by Bonjour Technology. Bonjour Technology invested approximately HK$50 million to provide professional trainings and assist participants to start their own businesses with ease so as to enhance the development of e-commerce in local businesses
Mr. Clement J W CHEN, JP, Honorary Chairman of Guangdong Hongkong and Macau Youth Enterpreneurship Incubator, said: "The development of e-commerce has become a new trend. We hope to bring innovative business opportunities to the young generation. By providing various resources and trainings on our platform, we aim to nurture a group of e-commerce entrepreneurs. We encourage the youngsters to take on challenges and grasp the opportunity to join this E-Commerce Entrepreneurship Scheme, with a hope to drive e-commerce development in Hong Kong and act as a catalyst to the development of Hong Kong’s e-commerce enterprise ecosystem."
BEIJING, July 10, 2020 — In April 2020, in order to help entrepreneurs effectively connect with investors and potential partners through online communication platform, 36Kr, a NASDAQ-listed company with the ticker of KRKR, launched the “8-minute Conference”. The 8-minute Conference invites entrepreneurs to focus on introducing their new projects and new products in 8 minutes based on a one-page plan. Potential partners can also communicate with the entrepreneurs online synchronously to achieve more follow-up cooperation.
The project introduction time is limited to 8 minutes, hoping that entrepreneurs will show the core highlights of the project. The 8-minute Conference process includes 15-minute theme share by industry experts, 3-minutes project description and 5-minute online interaction with investors or partners, 7-minute dialogue with 36Kr’s senior analysts to discuss the key issues in depth.
8-minute Conference has helped 40 outstanding entrepreneurs publish their new projects through live broadcasts, which has attracted the attention of more than 600,000 people in 2 months. More than 1,000 investors have visited the 8-minute Conference live broadcast room to watch the project release. On average, an independent project can get about 35 accurate dockings.
Founded in 2010, 36Kr is a pioneering and well-recognized brand in New Economy service field in China. Bolstered by the premium content and resources, 36Kr has expanded its types of business to online advertising services, enterprise value-added services, as well as subscription services. Enterprise value-added services business has become the fastest-growing and most promising segment in recent years. In the fiscal year 2019, the revenue of 36Kr’s Enterprise value-added services increased by 218.7% year-on-year to RMB320 million (US$45.9 million), which accounted for 48.8% of the total revenue, as the most significant contributor.
On May 6, 2020, 36Kr announced that the board of directors of the Company approved a share repurchase program, under which 36Kr is authorized to repurchase up to a total of 1,000,000 of its ADSs, each representing 25 Class A Ordinary Shares. The boutique Investment Bank Needham recently remained its Buy rating of 36Kr, with a target price of $8/ADS.
