Tag Archives: FIN

PR Newswire

CIB FinTech and Huawei Jointly Win The Asian Banker’s Award for Best Data Infrastructure Implementation in China

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SHENZHEN, China, July 29, 2023 /PRNewswire/ — At the Future of Finance China 2023, the prestigious international finance magazine The Asian Banker unveiled the winners of its Financial Technology Awards this year. Industrial Digital Financial Services Co., Ltd. (CIB FinTech for short) and Huawei Technologies Co., Ltd. (Huawei for short) jointly won Best Data Infrastructure Implementation in China in this category.

CIB FinTech and Huawei Jointly Win The Asian Banker's Award for Best Data Infrastructure Implementation in China.
CIB FinTech and Huawei Jointly Win The Asian Banker’s Award for Best Data Infrastructure Implementation in China.

The financial industry is currently witnessing tremendous inflation regarding the sheer amount of data it produces, and its value is rising with it. Financial institutions now need to obtain and use data in real time, posing higher requirements on data application, governance, and security.

Based on Huawei Financial Data Intelligence Solution that includes software and hardware products like Kunpeng, Kylin, Huawei Cloud, and data lakehouse, CIB FinTech has built an enterprise-level and all-scenario integrated analysis platform. As a self-service, real-time, and intelligent data service technical foundation, the platform consists of data, scheduling, management, and service sub-platforms. It replaces the original data warehouse system and functions as the new core of the group’s data services, improving data services from four aspects.

  1. Strengthens basic data capabilities
    Based on the large-scale distributed computing architecture, the new analysis platform integrates the batch data warehouse, real-time data warehouse, and IoT data warehouse to achieve high scalability and availability. It increases the number of nodes by 12 times and enlarges the high availability space by 20 times.
  2. Better enables data applications
    By building a low-code development platform, the group has created a full-process visualized data relationship graph. This significantly shortens the learning curve and simplifies application construction, speeding up R&D.
  3. Refines data governance and control
    A precise data map is drawn to accurately trace data sources and evaluate data value. Through multidimensional data management, the group can create forward-thinking data management solutions.
  4. Widens data capability sharing
    The group can give tenants access to data storage and computing capabilities, achieving an elastic supply, which allows its business departments to have an optimal experience in the obtaining and usage of data.

The new platform has laid a solid technical basis for the Industrial Bank to better deal with various businesses.

  • Risk control: The platform improves the key report data supply efficiency by 51%, so tens of billions of transactions can be analyzed in seconds. This helps the head office precisely analyze risks and prevent fraud.
  • Marketing: The bank boasts an optimized precise retailing model to cover tens of millions of customers. By building a closed-loop digital marketing process, its marketing campaigns have billions of person-times of interactions each year.
  • Technology: The reuse rate of public interfaces is improved by 10 times, significantly slashing R&D costs. Currently, more than 300 systems have accessed data services.

CIB FinTech and Huawei jointly reconstructed the enterprise-level data platform. Relying on a digital infrastructure that features self-service control, convergent capabilities, and intelligent O&M, the platform increases data asset value, optimizes data service experience, and transforms operational and profit models of banks, thereby enhancing both the customer experience and operational efficiency.

Huawei dives into the data domain and remains committed to exploring new scenarios, while at the same time collaborating with customers and partners to help financial institutions upgrade data and intelligence capabilities. Leveraging its fully-converged cloud-data-AI-computing Financial Data Intelligence Solution, Huawei accelerates the unleashing of data value and helps financial institutions innovate businesses.

For more information about Huawei Financial Data Intelligence Solution, please refer to https://e.huawei.com/en/industries/finance/data-intelligence

CONTACT: hwebgcomms@huawei.com

PR Newswire

CosmosAI’s CMA Soars 100% on PancakeSwap Listing: A Promising Future for AI and Computing

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LONDON, July 28, 2023 /PRNewswire/ — The highly-anticipated CMA, the digital share of CosmosAI, has made its grand debut on PancakeSwap, leaving investors thrilled as its price skyrocketed by an astonishing 100% within just three days of listing.

Nadine Hwu, the spokesperson of CosmosAI. “As we witness the rapid digitization of industries and the increasing reliance on AI-driven solutions, the demand for CosmosAI’s innovative computing power network is poised to soar in the coming years.”

CosmosAI’s CMA holds great promise in the digital share and asset market. With AI and computing as the foundation of the future smart society, CMA is positioned for exponential growth in the next three years. Experts predict that the CMA could potentially surge by 10,000%, making it an attractive investment opportunity.

Investors and enthusiasts can join the CMA trading frenzy on PancakeSwap by following the link [https://bit.ly/cma-usdt].

As the smart computing power network continues to expand globally, the CMA’s listing on PancakeSwap is a significant milestone. The surge in its value indicates the market’s confidence in CosmosAI’s vision and its potential to reshape the future of AI and computing.

About CosmosAI:

CosmosAI is a leading global smart computing power network project that aims to revolutionize the sharing and utilization of computational resources. By connecting and integrating computing devices worldwide, CosmosAI provides stronger and fairer computing support for AI development, driving advancements in artificial intelligence and promoting digitization on a global scale. For more information, please visit the official website: [https://ai-cosmo.com]

Media Contact:
Nadine Hwu
Email: info@ai-cosmo.com

PR Newswire

ServiceNow announces national skills commitment with NTUC LearningHub at new Singapore Innovation Centre – a business accelerator for bespoke GenAI roadmaps to change the way work is done

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NTUC LearningHub, VITAL, Synapxe – Singapore’s HealthTech agency, GovTech, Accenture, Fujitsu, Enable – a Fujitsu company, NCS and Tata Consultancy Services to build on momentum with ServiceNow, to skill one million individuals by 2024

SINGAPORE, July 28, 2023 /PRNewswire/ — ServiceNow (NYSE: NOW), the leading digital workflow company, today announced a national skills commitment to train more than 1,000 Singaporeans in digital skills by 2024 in support of the Government’s Smart Nation agenda. This commitment supports their global program, RiseUp with ServiceNow, to skill one million people on the company’s platform by 2024.

NTUC LearningHub, VITAL Shared Services, Synapxe – Singapore’s HealthTech agency, GovTech, Accenture, Fujitsu, Enable – a Fujitsu company, NCS and Tata Consultancy Services have also committed to train employees or skill individuals on ServiceNow’s Platform in 2023, to meet digital business needs.

The announcement was made at the opening of ServiceNow’s new Innovation Centre, a digital incubation hub for Singapore enterprises to model, demo and stress-test digital roadmaps – such as GenAI, hyperautomation and low code apps – to deliver a better experience for customers and employees.

Companies can use the Innovation centre’s six purpose-built workspaces – located in Suntec, Tower Four – to build custom digital blueprints to scale their business strategies and share knowledge and best practices. The hub will also host on-demand training sessions with academia, customers and partners who’ve committed to skilling Singapore citizens.  

ServiceNow also welcomed NTUC LearningHub CEO, Jeremy Ong, ServiceNow’s newest academic skills partner in Asia.

ServiceNow and NTUC LearningHub announce Academic Partnership

NTUC LearningHub and ServiceNow have signed an Academic Partnership agreement in a national skills commitment to bring low-code digital courses to more than one thousand individuals in Singapore, through 2024. ServiceNow’s low-code citizen developer course will be the first course hosted on NTUC LearningHub and subsidised by SkillsFuture Singapore – a government initiative to make skills more accessible – with intake sessions open now. 

“As NTUC LearningHub is committed to equipping the workforce with job-ready skills to remain relevant and competitive in the digital economy, we are delighted to collaborate with world-class partners like ServiceNow to offer accessible, high-quality, and industry-recognised skills training. The ServiceNow low-code citizen developer course will empower individual workers to acquire skills that are transferrable across job functions and industries. This will enable them to better value-add, by actively contributing to digital transformation and innovation within their organisations, and even as they transition into new careers,” said Mr Jeremy Ong.

ServiceNow training courses are also available to anyone in Singapore who is interested in building a digital career, with more than 600 free courses and 18-job related certification paths. Local placements are available with key partners, such as Accenture, Fujitsu, Enable – a Fujitsu company, NCS and Tata Consultancy Services in Singapore.

Singapore as the digital hub for ServiceNow in APAC

“ServiceNow’s decision to commit to training local talent and establish an Innovation Centre in Singapore reinforces our focus to accelerate Asia’s economic growth with talent and technology. We’re transforming the way Singapore enterprises build digital businesses, to deliver better ways to work,” said Wee Luen Chia, Managing Director and Area Vice President, ServiceNow Asia.

Singapore remains a key contributor to ServiceNow’s strong regional growth, as the Headquarters for the Region, following inauguration ten years ago. ServiceNow has doubled Singapore’s hundreds-strong employee base in the last two years and made dedicated investment into local data centre facilities to support regulated industries. ServiceNow customers include Singapore Airlines, Temasek Polytechnic, GovTech, M1, Scoot and Standard Chartered.

“Singapore’s highly skilled, advanced digital economy is furthering its edge; with government, industry and academia, embracing all avenues of innovation, led by local talent with the best ideas supported by the world’s best technology,” said Chia.

Singapore Innovation Centre launch partners

“The key to leading meaningful digital transformation amid the rapidly changing nature of work is developing our people. Low code skills offer tremendous opportunities for non-technical employees to find better ways to work. As part of our ‘Innovation Day Out’ initiative to continually test new solutions and grow citizen developers, we are excited to offer ServiceNow’s low code course to our officers. This will equip 20 of them with digital skills and provide valuable insights into the solution’s capabilities,” said Mr Dennis Lui, Chief Executive of VITAL, the Ministry of Finance.

About ServiceNow  

ServiceNow (NYSE: NOW) makes the world work better for everyone. Our cloud-based platform and solutions help digitize and unify organizations so that they can find smarter, faster, better ways to make work flow. So employees and customers can be more connected, more innovative, and more agile. And we can all create the future we imagine. The world works with ServiceNow™. For more information, visit: www.servicenow.com. 

© 2023 ServiceNow, Inc. All rights reserved. ServiceNow, the ServiceNow logo, Now, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries. Other company names, product names, and logos may be trademarks of the respective companies with which they are associated. 

Note to editors:

To preview and download ServiceNow fast facts, photography and footage, please visit here. You can find approved materials for your media channels.

Contact:

Samuel Chee
schee@webershandwick.com

PR Newswire

MediaMint Secures Growth Investment from Everstone Capital and Recognize

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Investment Will Further Accelerate Growth and Drive Expansion of Service Offering and Global Delivery Capabilities

MUMBAI, India, July 27, 2023 /PRNewswire/ — MediaMint, a leading digital advertising operations service provider, announced today that Everstone Capital and Recognize have made a significant strategic investment in the Company. This marks the first institutional capital for MediaMint, which will help accelerate the company’s roadmap as it continues to serve leading digital marketing platforms, publishers, and agencies around the world.

“MediaMint has built a strong foundation focused on delivering high-value outcomes through process excellence and deep domain expertise for our global base of digital marketing clients,” said Aditya Vuchi, CEO and co-founder of MediaMint. “Working with Everstone and Recognize will enable us to enhance our global infrastructure to better service our clients with on-shore account management, incremental global delivery centers, and an expanded solution set.”

MediaMint, with 2,000 employees across offices in San Francisco, New York, Hyderabad, and Krakow, delivers operational digital marketing support, including ad operations, creative services, and customer services to over 100 global customers including some of the largest and most sophisticated digital marketing platforms, publishers, and agencies in the world. The digital marketing space is projected to grow 13% per year to $670bn in 2030, driven by expanding digital channels and creator platforms, enhanced data capabilities available to businesses and consumers, as well as the rapid rise in people creating digital content. As more businesses enter the digital advertising space, MediaMint is well positioned to help improve advertising performance and reduce the operational cost of setting up digital ad platforms, running ad operations, and iterating on ad creatives.

“MediaMint is a leader in transforming the digital advertising workflows of the largest advertising platforms, publishers and agencies in the world. We look forward to working with the exceptional team at MediaMint to build on their strong base and assist in their next phase of growth, which will include significant global expansion as well as enhancing service line capabilities,” said Avnish Mehra, Vice Chairman, Private Equity at Everstone Capital.

“MediaMint is the ideal technology-enabled services company we look for at Recognize,” said David Wasserman, Co-Founder and Managing Partner at Recognize. “With its deep domain knowledge and history of delivery excellence, MediaMint is uniquely positioned to capture the wave of digital advertising growth over the next decade.”

As part of the process, Rajeev Butani is joining as the Executive Chairman of MediaMint. Rajeev was previously the Senior Managing Director and Group Technology Officer for Accenture’s Communications, Media, and Technology Operating Group globally, and also served on Accenture’s Global Leadership Committee.

DC Advisory has acted as the sole financial advisor for MediaMint on the transaction.

About MediaMint

MediaMint is the advertising operations partner for some of the leading media and technology companies worldwide. Founded in 2010 by Aditya Vuchi and Neelima Marupuru and led by veterans in the space, the company has leveraged its deep expertise to help their clients scale businesses operations globally. For more information, visit www.mediamint.com.

About Everstone Capital

Singapore-headquartered Everstone Capital, the private equity arm of the Everstone Group (www.everstonegroup.com), is a global firm committed to driving economic growth and creating sustainable value. With seven offices globally (Singapore, Mumbai, Delhi, Gurgaon, New York, Dubai and Mauritius), Everstone Capital focuses on the mid-market with control mindset and growth bias; comprising best of breed investing, operations and strategic resources with significant experience and skills. For more information, visit www.everstonecapital.com and LinkedIn.

About Recognize

Recognize is a technology investment platform exclusively focused on the technology services industry. The firm provides operational expertise, industry insights and strategic capital to innovative companies in this sector. To learn more, visit www.recognize.com.

PR Newswire

SequenceShift Achieves Amazon Connect Ready Designation

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SYDNEY, July 27, 2023 /PRNewswire/ — SequenceShift, a leading provider of Payment Card Industry (PCI) Compliance for Contact Centers, announced today that it has achieved the Amazon Connect Ready designation from Amazon Web Services (AWS). This specialization verifies that SequenceShift’s Amazon Connect software solution adheres to architectural and operational best practices, is being actively utilized by customers in production environments, and customers are eagerly advocating for the solution.

The customer experience (CX) and contact center space are undergoing continuous evolution. To keep up with increasing expectations, businesses are investing in modern technology to automate and optimize processes, delivering increasingly personalized experiences while staying ahead of customer demands. This often necessitates an enhanced approach to contact center technology stacks to meet evolving requirements. With Amazon Connect at the core of these current and future contact center technology investments, Amazon Connect Ready Partners specialize in offering vetted solutions in analytics and reporting, omnichannel customer experience, customer relationship management, outbound communications, and workforce engagement. Current and prospective Amazon Connect customers can turn to SequenceShift with a high degree of confidence in the interoperability of their solutions.

The Amazon Connect Ready designation serves to distinguish AWS Partners that have invested in their solutions, demonstrating the capacity to deploy and operationalize these solutions repeatedly, at scale. Lastly, and most importantly, they have a roster of customers that have successfully deployed the solution on AWS.

“Our solution offers enhanced speed and efficiency,” says the SequenceShift spokesperson. “SequenceShift is proud to achieve the Amazon Connect Ready designation. Our work with AWS allows us to deliver contact center PCI compliance in the most effective way, leveraging the agility, range of services, and pace of innovation that they offer.”

AWS is enabling scalable, flexible, and cost-effective solutions from startups to global enterprises. To assist the seamless integration and deployment of these solutions, AWS established the AWS Service Ready Program to aid customers in identifying AWS Partners with deep industry experience and expertise.

The Globe and Mail, Canada’s leading news media company, and Collinson, an international leader in customer loyalty and benefits programs, were both able to enhance their customer experiences, streamline operations and optimise their data security by integrating SequenceShift’s solution.

For Chris Barrow, Solution Architect at Collinson, it was “The seamless integration with Amazon Connect and easy integration into Salesforce” that really made the difference.

From Susan Kelly, Vice President Information Technology at The Globe and Mail “SequenceShift fit well into our overall digital transformation plans; cloud based, nimble and fit for purpose. A model of an excellent partnership with an external vendor!”

In both cases, SequenceShift provided an array of impressive benefits, including zero-cost setup, a pay-as-you-go pricing model, successful integration with Amazon Connect in under an hour, and a massive improvement in their PCI compliance status.

The Amazon Connect Ready designation is the latest in a line of successes for SequenceShift, the company’s technology is enhanced in its ability to provide AWS-aligned, pay-as-you-go, self-service, and self-setup PCI compliance. The availability of these capabilities in AWS Marketplace makes it easier for customers to follow safe and familiar procurement models.

About SequenceShift – SequenceShift, a global leader in providing robust PCI compliance solutions for contact centers, is trusted by industry giants such as The Globe and Mail, Collinson, and Global Touring. Its unique product offerings, marked by swift setup, AWS alignment, and PAYG models, make it a preferred choice in the industry.

For more information, contact:

SequenceShift 
communications@sequenceshift.com 
+61 2 9163 3917
LinkedIn
YouTube
Twitter
Website

PR Newswire

Dunxin Financial Holdings Announces Pricing of $1.09 Million Registered Direct Offering

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WUHAN, China, July 26, 2023 /PRNewswire/ — Dunxin Financial Holdings Limited (“Dunxin” or the “Company”) (NYSE American: DXF), a licensed microfinance lender servicing individuals and small and medium enterprises (“SMEs”) in Hubei Province, China, today announced that it entered into a securities purchase agreement with an institutional investors to purchase $1.09 million worth of its American Depositary Shares (“ADS”) in a registered direct offering.

Under the terms of the securities purchase agreement, the Company has agreed to sell 1.09 million ADS at a price of $1.00 per ADS.

The gross proceeds to the Company from the registered direct offering are estimated to be $1.09 million, before deducting the placement agent’s fees and other estimated offering expenses. The offering is expected to close on or about July 28, 2023, subject to the satisfaction of customary closing conditions.

Spartan Capital Securities LLC, is acting as exclusive placement agent for the offering.

The proposed offering of the ADS described above is being offered by the Company pursuant to a “shelf” registration statement on Form F-3 (File No. 333-264179) filed with the Securities and Exchange Commission (“SEC”) and declared effective by the SEC on August 8, 2022, and the accompanying prospectus contained therein.

The offering is being made only by means of a prospectus supplement and accompanying prospectus. A prospectus supplement describing the terms of the public offering will be filed with the SEC and will form a part of the effective registration statement.

Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained, when available, on the SEC’s website at http://www.sec.gov or from Spartan Capital Securities, LLC, 45 Broadway, New York, NY 10006 or telephone at (877) 772-7818.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Dunxin Financial Holdings Limited

Dunxin is a licensed microfinance lender serving individuals and SMEs in Hubei Province, China. Dunxin suspended offering loans to its customers since 2020 and is exploring new business opportunities based on Metaverse related technologies.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

PR Newswire

CBAK Energy Expands Battery Production Capacities through Strategic Collaborations in Shangqiu City, Henan, China

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  • Meeting Surging Demand for Lithium-ion Batteries with Cost-Effective Expansion

DALIAN, China, July 21, 2023 /PRNewswire/ — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy,” or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that its subsidiary, Dalian CBAK Power Battery Co., Ltd. (“Dalian CBAK”), has successfully reached agreements with the Shangqiu Urban-Rural Integration Demonstration Zone (the “Shangqiu City”) and partnering entities (the “Lessor”). These strategic collaborations, in the form of investment and lease agreements, will enable CBAK Energy to satisfy the surging demand for its 26700 cylindrical batteries at a relatively lower cost.

Under the terms of the cooperation, Dalian CBAK will pay an annual rental of several million RMB (the “lease payments”) to secure the rights to utilize the Lessor’s production line. This production line is projected to increase Dalian CBAK’s capacity by approximately RMB300 million worth of our 26700 cylindrical batteries. The Lessor will cover the costs of renovating the production line to meet Dalian CBAK’s manufacturing needs. Production is expected to commence as early as this year. Moreover, the investment agreement with Shangqiu City also presents an opportunity for Dalian CBAK to receive government subsidies once certain tax conditions are met, which will be used to partially or fully offset the lease payments, significantly enhancing the cost-effectiveness to this investment.

Yunfei Li, Chairman and Chief Executive Officer of CBAK Energy, commented, “We are thrilled to embark on this collaboration. It will enable us to expand our production capabilities for high-power batteries, specifically the 26700 lithium-ion cylindrical batteries, in order to meet the rapidly growing market demand. Furthermore, it strengthens our commitment to achieving cost-effective and sustainable growth. We firmly believe that this investment, which allows us to acquire an additional capacity of RMB300 million worth of battery products for only RMB3.5 million, will further enhance our sales expectations.”

About CBAK Energy

CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian.

For more information, please visit ir.cbak.com.cn.

Safe Harbor Statement

This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are 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. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.

The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

For further inquiries, please contact:

In China:

CBAK Energy Technology, Inc.
Investor Relations Department
Mr. Thierry Jiewei Li
Phone: 86-18675423231
Email: ir@cbak.com.cn

Piacente Financial Communications
Ms. Hui Fan
Tel: +86-10-6508-0677
Email: CBAK@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Ms. Brandi Piacente
Tel: +1-212-481-2050
Email: CBAK@thepiacentegroup.com

Source: CBAK Energy Technology, Inc.

PR Newswire

ePLDT Dominates PH Market with 12th VITRO Data Center

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Demand and anticipation from hyperscalers, CDNs, banks, BPOs, carriers, and national government fuel ePLDT’s expansion

MANILA, Philippines, July 21, 2023 /PRNewswire/ — ePLDT, the ICT subsidiary of PLDT, the Philippines fully integrated telecommunications and digital services provider, is set to further boost its 65% data center market capacity share by building its 12th data center facility. The announcement came during the W. Media Philippines Cloud and Datacenter Convention 2023, where ePLDT President & CEO Victor S. Genuino shared the company’s vision.

The decision to build the 12th data center, according to Genuino, is anchored on customers’ needs and aspirations to deliver digital innovation and promote inclusive economic growth. This also aligns with ePLDT’s vision to enhance Philippines’ regional competitiveness and attract investments post-pandemic.

“We want to be able to help the Philippines be the next hyperscaler hub of Asia while continuing to support the digital transformation journey of different sectors locally. That’s why we’ve been investing heavily in our ecosystem to ensure that our data centers will be a crucial enabler of the country’s digital economy,” added Genuino.

The 12th data center will have a power capacity of no less than 100 MW, further fortifying PLDT Group’s data center market leadership in the Philippines while leveraging on the massive infrastructure investment of the country’s largest telecommunication group.  

In a separate press briefing, Alfredo S. Panlilio, PLDT & Smart, Inc. President and CEO and ePLDT Chairman, explained that the expansion plans are strongly motivated by the growing demand from enterprise customers and hyperscalers, driving the Group’s vision for data center expansion.

Genuino also shared updates on ePLDT’s 11th data center, VITRO Sta. Rosa, which has already garnered significant interest from industry leaders, including hyperscalers, CDNs, banks, BPOs, carriers, and even the national government.

VITRO Sta. Rosa will be the largest and most advanced data center in the country, boasting a 50 MW power capacity. Designed to be Rated-3 Certified and Rated-4 Ready, it is fit to host the most critical and power-intensive IT infrastructure of hyperscalers and enterprises. 

With VITRO Sta. Rosa on the rise and a 12th data center facility underway, ePLDT’s power capacity will increase to around 200 MW once both sites are activated.

About ePLDT  

ePLDT is the industry-leading digital transformation partner of enterprises in the Philippines. Leveraging on the expertise and world-class telecommunication infrastructure of the PLDT Group, ePLDT aims to deliver customized ICT services through its suite of Multi-Cloud and Data Centers, which will enable enterprises to achieve their digital transformation vision.  

For more information about ePLDT, visit epldt.com.  

PR Newswire

Infobird to Expand Global Presence with Relocation of Operations to Hong Kong

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BEIJING, July 20, 2023 /PRNewswire/ — Infobird Co., Ltd (Nasdaq: IFBD) (“Infobird” or the “Company”), a software-as-a-service provider of AI-powered customer engagement solutions in China, today announced its decision to relocate its operations from Beijing to the Hong Kong Special Administrative Region. This strategic move comes in response to the board of directors’ judgement of current business situation and economic environment, as well as the Company’s commitment to expand globally.

Infobird will relocate its operations to Hong Kong and recruit more local employees in the region. Additionally, Infobird plans to proactively expand its presence in the global market and cater to the diverse needs of customers worldwide by establishing new offices in other key locations such as Singapore, other parts of Southeast Asia, and Europe. The relocation represents a significant step of the Company towards becoming a global player in the software-as-a-service (“SaaS”) industry.

As part of its growth strategy, the Company will expand its business to focus on the SaaS segmented scenarios, particularly in the fields of finance, real estate and hotel management. By shifting its focus to high-margin market segments, Infobird aims to enhance its competitive advantage and generate positive cash flow.

Mr. Cheuk Yee Li, CEO of Infobird, commented, “Our relocation to Hong Kong marks a significant milestone for Infobird as we embark on an exciting journey towards global expansion. We are confident that this strategic move will enable us to better serve our international clientele and pave the way for innovations.”

In line with its global expansion plans, Infobird plans to actively seek strategic investments to fuel its growth and innovation and establish global research and development centers to drive continuous advancements in its technology and product offerings.

About Infobird Co., Ltd

Infobird, headquartered in Hong Kong, is a SaaS provider of AI-powered customer engagement solutions. For more information, visit Infobird’s website at www.Infobird.com. 

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans”, “will,” “future,” “expects,” “believes,” and “intends,” or similar expressions, are intended to identify forward-looking statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events, results, conditions or 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 they are made. In evaluating such statements, investors and prospective investors should review carefully various risks and uncertainties and other matters identified in the Company’s filings with the U.S. Securities and Exchange Commission. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

PR Newswire

Join Taipei City’s Thriving Health Industry: Registration for “Win A Greater Health” Pitch Contest Starts Now!

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TAIPEI, July 18, 2023 /PRNewswire/ — The Taipei City Government’s Department of Economic Development is taking proactive steps to attract international startups and foster collaboration with local businesses through its “Talent Exchange Program”. In line with this initiative, they have established the “Taipei Entrepreneurs Hub (TEH)” to cultivate a vibrant international community of entrepreneurs in the heart of Taipei. In 2023, the spotlight is on the health industry, and the department is delighted to announce the forthcoming “Win A Greater Health” international online startup pitch contest. Registration is now open until September 15, 2023, Taipei time (UTC+8). International teams specializing in digital health fields are welcomed to participate.

The department places great importance on attracting international startup teams with key technologies and research capabilities to facilitate the cooperative transformation and upgrade of local industries. This has always been a crucial industrial goal for the city government. Additionally, harnessing the power of innovation and entrepreneurship to drive city diplomacy is a significant driving force. Therefore, in recent years, the department has actively connected global startup ecosystem resources through TEH, organizing various networking events across different industries and time zones, creating the most resource-rich and comprehensive entrepreneurial community. The ultimate goal is to welcome international entrepreneurs from around the world to establish their presence in Taipei.

This year, the international startup pitch contest, in collaboration with TEH, the Taiwan Digital Health Industry Development Association, BE Health Ventures, and the Taipei Medical University BioMed Accelerator, welcomes international startup teams to participate. The competition encourages teams to develop Taiwan market expansion plans with a focus on implementing their goals in Taipei City. The winning teams will not only receive one international round-trip ticket from anywhere to Taipei to attend the Demo Day presentation but also enjoy customized matchmaking sessions and business itineraries during their stay in Taipei. Selected teams will have diverse opportunities for technological connections, collaborations, and interactions with businesses and venture capital firms in Taipei.

In addition to organizing the competition, the city government has established StartUp@Taipei office and Inves Taipei office to support startups from around the world in settling in Taipei. The ultimate goal is to make Taipei City a partner for international talents and collaborate to develop more business opportunities.

For more information and registration details for the online competition, you can visit the official Facebook page or LinkedIn page, or contact the organizing company Everiii Consulting CO., Ltd. at (+886 2) 33435456 ext. 806, Ms. Kuo.

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