SHENZHEN, China, June 30, 2020 — X Financial (NYSE: XYF) (the "Company" or "we"), a leading technology-driven personal finance company in China, today announced its unaudited financial results for the first quarter ended March 31, 2020. First Quarter 2020 Financial Highlights Net revenues decreased by 31.9% to RMB529.0 million…
Tuniu Has Regained Compliance with Nasdaq’s Minimum Bid Price Requirement
NANJING, China, June 29, 2020 — Tuniu Corporation (Nasdaq:TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced that it received a notification letter (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market Inc. ("Nasdaq") dated June 26, 2020, indicating that…
Carry Begins Offline Data Collection Campaign with South Korea’s largest SMB loyalty point platform
SEOUL, South Korea, June 29, 2020 — On June 29th, South Korea’s Blockchain Project Carry Protocol announced that it started data collection from the offline market targeting roughly half of the South Korean population (23M users) with South Korea’s largest SMB loyalty platform, Dodo Point. The data collection feature…
58.com Reports First Quarter 2020 Unaudited Financial Results
BEIJING, June 26, 2020 — 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China’s largest online classifieds marketplace, today reported its unaudited financial results for the first quarter ended March 31, 2020. First Quarter 2020 Highlights Total revenues were RMB2,560.3 million (US$361.4 million[1]), a 15.5% decrease from RMB3,028.3 million in the same…
Indonesia Focused East Ventures Raises New Seed Fund for Tech Startups in Aftermath of Pandemic
The new vehicle will be East Ventures’ eighth fund, as the firm remains bullish on the ASEAN’s digital economy and predicts that innovative startups will transform the region’s post-lockdown landscape for the better. Quick Facts: Southeast Asia’s most active early-stage tech investor has reached a first close on its…
Huawei officially launches Huawei Pay mobile payment in Thailand
BANGKOK, June 26, 2020 — Huawei Mobile Services (HMS) collaborates with UnionPay to launch the Huawei Pay in Thailand. Huawei Pay is a mobile payment tool that provides contactless, cashless payment service for HUAWEI device users. In Thailand, Industrial and Commercial Bank of China (Thai) Public Company Limited is the…
KPMG and Planon Extend Cooperation to Support Organisations in the Digitalisation of Lease-, Real Estate- and Portfolio Management Processes
NIJMEGEN and AMSTELVEEN, Netherlands, June 26, 2020 — KPMG and Planon today announced moving their collaboration to the next level, by signing a partnership agreement. Over the past two years the parties have been successfully working together on helping companies to comply with IFRS 16 standards by implementing Planon’s Lease…
Planful Raises Equity Round to Meet Increasing Demand for Its Cloud-Based FP&A Solution
Additional Funds from Majority Shareholder Vector Capital and Other Leading Investment Firms Position Planful to Seize Market Opportunities, Invest in Product, and Drive Go-to-Market Initiatives REDWOOD CITY, California, June 25, 2020 — Planful Inc. (formerly Host Analytics), a leading financial planning and analysis…
ICE71 powers cyber start-ups to raise S$18 million to strengthen cyber ecosystem
ICE71 has helped 16 cyber security start-ups from previous cohorts raise funding since 2018 Nine start-ups from the latest cohort pitched to over 300 potential investors, partners and customers via a virtual Demo Day SINGAPORE, June 25, 2020 — ICE71, the region’s first hub for cyber security entrepreneurs and start-ups, has strengthened start-ups’…
JCET Group Subsidiary Recognized for Excellence by Texas Instruments
SHANGHAI, June 25, 2020 — Jiangyin Changdian Advanced Packaging Co., LTD. (JCAP), subsidiary of JCET Group has received the Texas Instruments (TI) 2019 Supplier Excellence Award. The annual award honors companies whose dedication and commitment in supplying products and services meet TI’s high standards for excellence. Recipients are an elite…