Tag Archives: FIN

PR Newswire

Full Truck Alliance Co. Ltd. Files Its Annual Report on Form 20-F

Leave a comment

GUIYANG, China, April 20, 2023 /PRNewswire/ — Full Truck Alliance Co. Ltd. (“FTA” or the “Company”) (NYSE: YMM), a leading digital freight platform, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission on April 19, 2023. The annual report can be accessed on the Company’s investor relations website at ir.fulltruckalliance.com.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Full Truck Alliance Co. Ltd., 16F, Building T2, SOHO Tianshan, No. 1717 Tianshan Road, Changning District, Shanghai, 200051, People’s Republic of China.

About Full Truck Alliance Co. Ltd.

Full Truck Alliance Co. Ltd. (NYSE: YMM) is a leading digital freight platform connecting shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. The Company provides a range of freight matching services, including freight listing, freight brokerage and online transaction services. The Company also provides a range of value-added services that cater to the various needs of shippers and truckers, such as financial institutions, highway authorities, and gas station operators. With a mission to make logistics smarter, the Company is shaping the future of logistics with technology and aspires to revolutionize logistics, improve efficiency across the value chain and reduce its carbon footprint for our planet. For more information, please visit ir.fulltruckalliance.com.

For investor and media inquiries, please contact:

In China:

Full Truck Alliance Co. Ltd.
Mao Mao
E-mail: IR@amh-group.com

The Piacente Group, Inc.
Hui Fan
Tel: +86-10-6508-0677
E-mail: FTA@thepiacentegroup.com

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: FTA@thepiacentegroup.com

Source: Full Truck Alliance Co. Ltd.

PR Newswire

Gaotu Files 2022 Annual Report on Form 20-F

Leave a comment

BEIJING, April 18, 2023 /PRNewswire/ — Gaotu Techedu Inc. (“Gaotu” or the “Company”) (NYSE: GOTU), a technology-driven education company and online large-class tutoring service provider in China, today filed with the U.S. Securities and Exchange Commission its annual report on Form 20-F for the fiscal year ended December 31, 2022. The annual report on Form 20-F is available on the Company’s investor relations website at https://ir.gaotu.cn/.

The annual report contains audited financial statements, management’s discussion and analysis and other disclosures.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Gaotu Techedu Inc., 5F, Gientech Building, 17 East Zone, 10 Xibeiwang East Road, Haidian District, Beijing 100193, People’s Republic of China.

About Gaotu Techedu Inc.

Gaotu is a technology-driven education company and online large-class tutoring service provider in China. The Company offers learning services and educational content & digitalized learning products. Gaotu adopts an online live large-class format to deliver its courses, which the Company believes is the most effective and scalable model to disseminate scarce high-quality teaching resources to aspiring students in China. Big data analytics permeates every aspect of the Company’s business and facilitates the application of the latest technology to improve teaching delivery, student learning experience, and operational efficiency.

For further information, please contact:

Gaotu Techedu Inc.
Investor Relations
E-mail: ir@gaotu.com

Christensen

In China
Ms. Vivian Wang
Phone: +852 2232 3978
E-mail: gotu@christensencomms.com

In the US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com

Source: Gaotu Techedu Inc.

PR Newswire

XT.COM and Infinity Labs Hosted Texas Hold’em Yacht Party at Crypto Night Extravaganza in Hong Kong Web3 Festival

Leave a comment

HONG KONG, April 15, 2023 /PRNewswire/ —

XT.COM held a signing ceremony for @Traderxiaoxia
XT.COM held a signing ceremony for @Traderxiaoxia

XT.COM and Infinity Labs organized the Texas Hold’em Yacht Party, a Crypto Night Extravaganza, in collaboration with TraderX, Crust, 7 O’Clock Capital, and Blocklike, all of whom are leading players in the crypto industry. The event took place on April 13th from 19:00 to 00:30 (UTC+8) at an oriented invitation-only address. The Texas Hold’em Yacht Party was the hottest ticket in town during the Hong Kong Web3 Festival with an exclusive guest list including top industry players, investors, and influencers.

The event provides an excellent opportunity for blockchain and crypto enthusiasts to connect with like-minded individuals and explore the latest trends in the industry. As part of the festival’s commitment to the Web3 spirit of openness and cooperation, partners have been invited to plan and organize some of the activities together for mutual development, which is why XT.COM has decided to organize the yacht party. “We are incredibly excited to be part of the Web3 Festival in Hong Kong, working with our partners to provide an unforgettable experience,” said Albin Warin, CEO of XT.COM. XT.COM also held a signing ceremony for @Traderxiaoxia, a well-known cryptocurrency trader on Twitter with a solid following. The signing ceremony solidified the partnership between @Traderxiaoxia and XT.COM, showcasing the platform’s commitment to providing competent traders with top-notch tools and resources.

Hong Kong Web3 Festivities

Hong Kong is hosting the inaugural Web3 Festival, organized by W3ME and co-hosted by Wanxiang Blockchain Labs and HashKey Group from April 12 to 15 at the Hong Kong Convention and Exhibition Centre (HKCEC). This four-day event, spread across an area of about 9,000㎡, has over 10,000 attendees, 300 industry leaders, about 100 Web3 projects, community partners, and media partners around the world gather to network, share, and learn through high-level content and panel discussions.

This year, the Web3 Festival is bringing together the world’s brightest minds, top Web3 projects, and leading venture capitalists presenting content-rich discussions and topics centered around Web3. Hong Kong regulatory representatives are also diving into and interpreting the latest digital asset regulation policies. The festival features five center stages where attendees can engage with industry thought leaders and learn about the latest trends in Web3.

Bringing Industry-Leading Value to Hong Kong

As the co-host of the Texas Hold’em Yacht Party, XT.COM brings a wealth of knowledge and experience to the event so that attendees will have an unforgettable experience. Being a leading platform in the cryptocurrency space with high visibility and strength abroad with the majority of staff being foreign workers and Chinese investors, XT.COM boasts a team of professionals with diverse backgrounds and experiences, bringing a wealth of knowledge and expertise to the Hong Kong web3 industry. With five years of zero risk in its operation as a cryptocurrency exchange, XT.COM has established itself as a safe and reliable platform for investors looking to engage in the world of cryptocurrency.

The partnership with Infinity Labs is a significant milestone for XT.COM. Infinity Labs is a private equity fund that specializes in blockchain investments and incubation of start-up projects. The firm was established in December 2020 and is backed by Crust Network, a decentralized storage project. Infinity Labs is committed to building web3 infrastructure and advancing the development of decentralized storage. The partnership with Infinity Labs will provide XT.COM with an edge in blockchain technology and enable the platform to offer its users cutting-edge products and services.

In addition to the partnership with Infinity Labs, attendees were able to enjoy premium food and drinks throughout the night. There was also  a raffle event for XT.COM event participants. The event offered attractive rewards to winners, including 100XT tokens for the first prize, 3 Ballet hardware wallets for the second prize, and five third prize awards of 50$ CRU. The event was an opportunity for XT.COM to express its appreciation to its loyal users participating in the event and encourage them to engage further with the platform.

TraderX is another proud sponsor of the Texas Hold’em Yacht Party. As a leading provider of white label crypto exchange solutions, TraderX enables individuals and businesses to easily start and customize their own crypto trading platform. With their user-friendly interface, advanced trading features, and robust security measures, traderX has helped numerous clients around the world launch successful crypto exchanges.

As part of XT.COM’s marketing strategy, the company sees Hong Kong as a crucial hub for web3 businesses due to its openness and inclusivity. XT.COM is committed to providing quality services and products, embracing opportunities and changes, and constantly developing global markets. Hong Kong plays an essential role in XT.COM’s vision to expand and lead the development of the global blockchain industry. Be sure to follow XT.COM on social media to learn more about our vision for a web3-friendly future.

About XT.COM

Founded in 2018, XT.COM serves more than 6 million registered users, over 1,000,000+ monthly active users, 40+ million users in the ecosystem, and 800+ trading pairs. Since then, XT.COM crypto exchange has expanded its offerings by covering a rich variety of trading categories to provide a secure, trusted, and intuitive trading experience for its large user base. One such addition is Crypto Futures Trading which includes USDT-M Futures and coin-M futures perpetual contracts, as well as prediction markets where users can conduct transactions by predicting the results of future events. Additionally, the Futures Grid allows users to automate the buying and selling of futures contracts to make profits.

Website: XT.COM

Twitter: Twitter.com/XTexchange

Telegram: t.me/XTsupport_EN

PR Newswire

XT.COM Lists MTB in its Main zone

Leave a comment

SINGAPORE, April 15, 2023 /PRNewswire/ —

XT.COM, the world’s first socially infused trading platform, is thrilled to announce the listing of MTB on its platform in the main zone and the MTB/USDT and MTB/BTC trading pairs will be open for trading from 2023-04-15 08:00 (UTC).

  • Users can deposit MTB for trading at 2023-04-14 08:00(UTC)
  • Withdrawals for MTB will open at 2023-04-16 08:00 (UTC)

About MTB

MININGTOBIT (MTB) is an ERC20 token deployed on the Ethereum blockchain with a max supply of 30 million tokens. The MTB team’s objective is to create a cryptocurrency that fosters global engagement in businesses centered around renewable energy generation and bitcoin mining.

Funds raised with MTB will be used to purchase mining equipment, maintain crypto mining operations and support an array of projects spearheaded by the MININGTOBIT Foundation. These endeavors are dedicated to elevating hash rates and amplifying rewards, ultimately contributing to the coin’s value appreciation. In return, MTB token holders will be granted daily BTC rewards. The stability of the network is also improved when users participate in mining rewards.

The foundation remains steadfast in its commitment to refining caching mechanisms and amplifying hash rates. The development of MTB token’s mainnet will significantly contribute to the expansion of hash rates, reinforcing the MTB project’s cutting-edge position in the realms of renewable energy and cryptocurrency which in turn, would lead to a steady increase in the MTB token’s value and provide substantial benefits to early adopters.

“Excited to have MTB on our platform! We’re enhancing user trading experiences in 2023 and another project related to Bitcoin mining would provide our users with more opportunities to explore the intricacies of web3″ said Albin Warin, CEO of XT.COM.

About MININGTOBIT

MININGTOBIT is carefully designed to ensure that its blockchain platform delivers value to all stakeholders. The MTB ecosystem combines the security of Bitcoin with virtually cost-free gas, unmatched throughput, and better smart contracts, creating a dynamic and accessible environment.

The MTB Caching blockchain framework is designed to offer significant advantages to developers and users alike by establishing a dependable revenue model based on Bitcoin caching. What sets the MTB caching structure apart from other cryptocurrency networks is its ability to enable network users to earn Bitcoin.

The team behind MININGTOBIT is currently in the process of securing an official mining license through a government agency in Central Asia. Moreover, MTB’s commitment to sustainable practices, the network has formulated a strategy for operating mining equipment powered by solar energy. The MTB team has entered a Memorandum of Understanding (MOU) with a solar equipment provider, ensuring access to solar infrastructure at a reduced cost and reinforcing our dedication to environmental responsibility.

Website: miningtobit.com

Whitepaper:  miningtobit.gitbook

Telegram: t.me/MTBmining

Kakao Talk: open.kakao.com

About XT.COM

Founded in 2018, XT.COM serves more than 6 million registered users, over 1,000,000+ monthly active users, 40+ million users in the ecosystem, and 800+ trading pairs. Since then, XT.COM crypto exchange has expanded its offerings by covering a rich variety of trading categories to provide a secure, trusted, and intuitive trading experience for its large user base. One such addition is Crypto Futures Trading which includes USDT-M Futures and coin-M futures perpetual contracts, as well as prediction markets where users can conduct transactions by predicting the results of future events. Additionally, the Futures Grid allows users to automate the buying and selling of futures contracts to make profits.

Website: XT.COM

Twitter: Twitter.com/XTexchange

Telegram: t.me/XTsupport_EN

PR Newswire

Addentax Group Corp. Initiates Task Force to Investigate Suspected Illegal Trading Activities

Leave a comment

SHENZHEN, China, April 14, 2023 /PRNewswire/ — Addentax Group Corp. (“Addentax” or the “Company”) (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics service, property management and subleasing, and epidemic prevention supplies, today announced that it plans to assemble a specialized task force to investigate the alleged illegal trading targeting its stock. The Company believes that certain individuals or entities have participated in unauthorized sales of a substantial volume of its shares without securing proper delivery, in violation of the law. This illicit activity seems to be part of a market manipulation scheme designed to artificially depress the value of Addentax’s securities.

In response to these concerns, Addentax is proactively evaluating potential actions, which may include engaging experts with a proven track record in detecting potential fraud, insider trading, and market manipulation related to short-selling activities.

Short selling, a legitimate investment practice, entails an investor borrowing shares from another party and selling them with the intention of repurchasing them at a lower price to make a profit. Conversely, naked short selling, the act of selling shares without first borrowing them, is strictly prohibited under the Securities and Exchange Commission rules.

By engaging in repeated instances of naked short selling, malicious actors can accumulate significant profits and manipulate a stock’s price downward, potentially driving a company towards insolvency. In this situation, all equity is eliminated, and the naked shorts are no longer required to cover their positions.

Addentax remains steadfast in its commitment to conducting a thorough investigation of this matter and will take decisive action to pursue all available legal remedies.

About Addentax Group Corp.

Addentax Group Corp. is an integrated service provider focusing on garment manufacturing, logistics service, property management and subleasing, and epidemic prevention supplies. Its garment manufacturing business consists of sales made principally to wholesaler located in China. The logistics business consists of delivery and courier services covering 79 cities in seven provinces and two municipalities in China. The property management and subleasing business provides shops subleasing and property management services for garment wholesalers and retailers in garment market. The epidemic prevention supplies business consists of manufacturing and distribution of epidemic prevention products and resale of epidemic prevention supplies purchased from third parties in both domestic and overseas markets. For more information, visit the Company’s website at https://www.addentax.com/.

Safe Harbor Statement

All statements other than statements of historical fact in this announcement are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions are intended to identify such forward-looking statements. 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 the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to consider risk factors, including those described in the Company’s filings with the SEC, that may affect the Company’s future results. All forward-looking statements attributable to the Company and its subsidiaries or persons acting on their behalf are expressly qualified in their entirety by these risk factors. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

Company Contact:

Addentax Group Corp
Phone: + (86) 755 86961 405

Investor Relations Contact:”
Sherry Zheng
Weitian Group LLC
1-718-213-7386
Shunyu.zheng@weitian-ir.com 

Source: Addentax Group Corp.

PR Newswire

Hainan: From a southern island to a Free Trade Port

Leave a comment

BEIJING , April 13, 2023 /PRNewswire/ — A news report from China.org.cn on Hainan Free Trade Port:

“The spring breeze brushes through Hainan Island.” “Flowers and fruits blossom everywhere”… These refreshing lyrics from the iconic song Please Come to the Ends of the Earth were sung at the 1984 Spring Festival Gala which put Hainan on the radar for the Chinese people. Back then, “spring all year round” and “fragrant flowers and sweet fruits” were the greatest merits of this island. Four years later, Hainan Province was founded and designated as a special economic zone. That’s when the change really started to happen.

2023 marks the 35th year since the establishment of the Hainan Special Economic Zone. What was previously considered “the ends of the earth” to the Chinese people is now a holiday resort destination and home to the world’s largest single duty-free complex and the only circular high-speed railway. In addition, “globalization” has also become a hallmark of Hainan: the Boao Forum for Asia is a consensus building institution permanently based in Hainan that drives cooperation and development for Asia and the world. The China International Consumer Products Expo, which has been held for three years consecutively, provides a platform for countries to share business opportunities in the Chinese market.

2023 also marks five years since the building of a free trade port with Chinese characteristics in Hainan. Since the Law of the People’s Republic of China on the Hainan Free Trade Port came into effect, the combined effect of China’s free trade port policy and the RCEP saw the piloting of CPTPP, DEPA and other international high standard economic and trade rules, culminating in a series of legal, policy and institutional measures to facilitate the port’s full opening up to the international market. At present, three “zero tariff” lists, and the 15% income tax incentives for corporations and individuals are among the over 180 policy instruments that have been rolled out in Hainan. The special administrative measures, or “negative list” for foreign investment has also been slimmed down to 27 items, the shortest in the country.

Hainan sent delegations to visit Japan, Germany, Southeast Asia and other regions to promote investment and held foreign investment symposiums for enterprises — these are some of Hainan’s practical and earnest efforts towards seeking openness and win-win cooperation.

That’s why well-known jewelry brand De Beers Forevermark only took one month to settle in Hainan. Top-tier destination for auctions and private sales Sothetby’s, United States’ General Electric, France’s Kering Group, Singapore’s leading medical group Raffles, Japan’s Lawson and other companies have also poured investment into Hainan. Furthermore, entrepreneurs from Italy, Ghana and other countries have also selected Hainan as their market-entry destination into China.

Currently, Hainan free trade port is preparing for official independent customs operations in 2025, meaning Hainan will turn into a region inside the national border but outside the customs territory of China, which will further highlight connectivity with the world and implement more liberal trade and investment policies.

For 35 years, China has been exploring and innovating in Hainan, becoming more and more open in the process. Welcome to Hainan, where the ocean is pristine and the sand is white, to take advantage of free trade and to pursue a win-win-win future for all.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm

Hainan: From a southern island to a Free Trade Port
http://www.china.org.cn/video/2023-04/13/content_85228174.htm

PR Newswire

DEEPX and Hyundai Motor Company and Kia Corporation are collaborating on AI semiconductor-based Robot Platforms

Leave a comment

– Both companies will strategically cooperate in embedding AI chips into robot platforms

– For the past year in the process of examining in advance, various AI algorithms for robots were operated to check for the latest AI algorithm support, excellent AI accuracy, and high computing efficiency of the DEEPX NPU

– “This will be an opportunity for DEEPX’s AI semiconductor to become the mass-production ready core solution in the global smart mobility market”

SEOUL, South Korea, April 7, 2023 /PRNewswire/ — DEEPX and Hyundai Motor Company and Kia Corporation will cooperate with technology development for on-device AI technology for robot platforms.

DEEPX to work with Hyundai Motor Company and Kia Corporation on AI semiconductor load for robot platforms. On March 24(Friday) at the Uiwang Research Facility of Hyundai Motors & Kia Corporation, DEEPX announced its execution of the MOU on AI semiconductor use for robot platforms, with the representatives of both companies including Lok-Won Kim, CEO, and Dong-Jin Hyun, Robotics lab leader of Hyundai Motors & Kia Corporation present. (Right: DEEPX CEO Lok-Won Kim, Left: Hyundai Motors & Kia Corporation)
DEEPX to work with Hyundai Motor Company and Kia Corporation on AI semiconductor load for robot platforms. On March 24(Friday) at the Uiwang Research Facility of Hyundai Motors & Kia Corporation, DEEPX announced its execution of the MOU on AI semiconductor use for robot platforms, with the representatives of both companies including Lok-Won Kim, CEO, and Dong-Jin Hyun, Robotics lab leader of Hyundai Motors & Kia Corporation present. (Right: DEEPX CEO Lok-Won Kim, Left: Hyundai Motors & Kia Corporation)

On March 24 (Friday) at the Uiwang Research Facility of Hyundai Motors & Kia Corporation, DEEPX announced its execution of the MOU on AI semiconductor collaboration use for robot platforms, with the representatives of both companies including Lok-Won Kim CEO, and Dong-Jin Hyun, Robotics Lab leader of Hyundai Motors & Kia Corporation.

DEEPX develops AI semiconductors and implements AI technology used in various electronic devices that exist outside of the data center with high-performance and low-power advantages. Currently DEEPX has 4 kinds of AI semiconductors that are optimized for performance and function that can match with various edge and server AI application fields and have secured more than 150 patents, both domestic and international, that are related to fundamental AI semiconductor technology. Domestically, DEEPX is evaluated as the leading AI semiconductor fabless company, and DEEPX is targeting the global edge AI market.

During the Proof-of-Concept (PoC) conducted over the past year by Hyundai Motor Group and Kia Robotics Lab, DEEPX demonstrated outstanding AI performance by providing higher AI accuracy with INT8bit than FP32bit. In addition, it has been proven that various robot application AI algorithms developed by the Robotics Lab can be smoothly operated, making it possible to implement AI models required by robots. In particular, it is evaluated as suitable for mass production of battery-powered robot products due to its exceptionally high AI computational efficiency and low power operation.

This agreement aims to cooperate on the application of DEEPX’s AI semiconductor technology to the robot platform currently under development with the aim of commercialization by Hyundai Motor Group and Kia. To achieve this, the two companies will incorporate AI functions for robots into DEEPX’s AI SoC (System on Chip) products, verify their operability and mass production for deployment in the final products developed by Robotics Lab. In this way, the AI technology can be implemented in the robots developed by the Robotics Lab.

Lok-Won Kim, CEO commented: “According to the global market research data, the size of the global smart mobility is expected to grow to be about 145 billion dollars by the year 2027. For the AI semiconductor, the core technology of this market, there are currently no optimized solutions for each detailed fields, therefore it is possible to lead the market if a mass production-ready solution is prepared. Having technology cooperation with the global market leader Hyundai Motors and Kia Corporation will present DEEPX’s AI semiconductor an opportunity to become the core solution of the future market in the related field. This is a great inspiration for us. DEEPX has succeeded in commercializing NPU IP in 2021, and I am grateful to earn the chance to demonstrate the test for mass-production as soon as we reach NPU development milestone this year”.

Dong-Jin Hyun, leader of the Robotics Lab of Hyundai Motors & Kia Corporation said, “I expect we can lead the excellent robotics service development in both performance and price by combining the SW technology of the Robotics Lab and DEEPX’s HW technology.” He also added, “As soon as we confirm and examine the superiority of DEEPX NPU chip products, we will carry on with further cooperation and apply it to the robot that is under research and development.”

Contact

Ah-hyeong Lee, PR & Marketing Manager, lah@deepx.co.kr  

Company official SNS guide (Online channel)

Company page: https://deepx.co.kr/  

Company Linkedin: https://www.linkedin.com/company/deepx-corporation/  

Official YouTube: https://bit.ly/3Q0VRdw  

PR Newswire

Alibaba Entrepreneurs Fund/HSBC JUMPSTARTER 2023 Open for Application

Leave a comment

In-person information sessions hosted in GBA and SEA

HONG KONG, April 6, 2023 /PRNewswire/ — Alibaba Entrepreneurs Fund/HSBC JUMPSTARTER 2023 Global Pitch Competition (“JUMPSTARTER 2023”) is now open for application, inviting entries from start-ups worldwide to bring more like-minded organizations together to bolster the growth of innovation and technology globally.



Due to the easing of COVID-19 restrictions, JUMPSTARTER 2023 will again host a series of in-person information sessions, including cities in the Greater Bay Area including Hong Kong, Shenzhen, Guangzhou and Zhuhai, as well as Southeast Asia including Singapore and Vietnam. To encourage more talents and drive the development of innovation in the region, successful entrepreneurs and industry experts will be invited to share their entrepreneurial journeys and challenges as well as to examine the current business climate and growth prospects in the market. So far, the information sessions attracted nearly 1,000 start-ups or those interested in JUMPSTARTER.


Cindy Chow, Executive Director of Alibaba Hong Kong Entrepreneurs Fund (left), said,   

“During the height of COVID-19, we were incredibly inspired to see many start-ups unlock innovative ways to address societal pain points. We want to encourage start-ups in the sixth JUMPSTARTER to address the Sustainable Development Goals of the United Nations. We have added biotech, industry 4.0 and web 3.0 to capture the emerging market trends. JUMPSTARTER aspires to be a platform that supports individuals with entrepreneurial aspirations to accelerate the innovation and technology industry with our partners.”

Frank Fang, General Manager, Head of Commercial Banking, Hong Kong and Macau, HSBC (right), said,

“We are pleased to partner with Alibaba Entrepreneurs Fund for the fifth consecutive year in the JUMPSTARTER Global Pitch Competition, unlocking the potential of promising start-ups around the world. Innovation has emerged as an engine for high-quality and sustainable growth globally. In Hong Kong, our rapid transformation into an international innovation hub and increasing integration with other cities in the Greater Bay Area offer a fertile breeding ground to international start-ups. As a long-term partner of the business community, HSBC will continue to leverage our international network and financing expertise to support high-growth companies and play to our strengths as a super-connector in the start-up ecosystem.”

JUMPSTARTER 2023 Information session held in Hong Kong


During the information session in Hong Kong on March 31, 2023, a panel discussion was hosted by Jason Chen, Chief Operating Officer and Managing Director of Gobi Partners, to explore “Riding the AI wave: How start-ups and Venture Capitalists are navigating the Future of AI”, attended by Patrick Tu, Co-Founder & CEO of Dayta AI; Ivan Lau, Co-Founder & CEO of Pantheon Lab Limited; Miles Wen, Co-Founder & CEO of Fano Labs Limited; and Tim Lee, Partner of Creo Capital.

JUMPSTARTER 2023 Information Session in Singapore


During the information session in Singapore on April 3, 2023, a panel discussion was hosted by Olive Tai, Co-founder & Managing Director of Synagie, to explore “Breaking Borders: How Hong Kong and the Greater Bay Area are unlocking opportunities for Southeast Asia starts”, attended by Atul Babu, Founder & CEO of Dhata Tech; Vincent Chow, Founder & CEO of En-trak (JUMPSTARTER 2017 Winner); and Ivan Goh, CEO of QuantumTX (JUMPSTARTER 2022 Top 10).

Ivan Goh, CEO of QuantumTX said,

“Participating in start-up competitions can offer numerous benefits and opportunities beyond winning a prize. JUMPSTARTER has given QuantumTX a good chance to grow engagement with the Hong Kong and Mainland China market. As a finalist, we were given the exhibition space to present our technology in Hong Kong. With that, QuantumTX gained more credibility that aroused interest in Hong Kong and the GBA. Last year, QuantumTX’s business in Hong Kong and the Greater Bay Area (GBA) grew considerably, making up about 20% to 30% of their top-line.”

Vincent Chow, Founder & CEO of En-trak said,

“Starting a start-up can be a daunting challenge, especially when you do not have an established brand, network or financial backing. Therefore, participating in respected start-up competitions like JUMPSTARTER can be a good starting point to gain credibility and recognition from potential customers. Winning over your first corporate client can ignite a ripple effect, rapidly accelerating the growth of your customer base.”

JUMPSTARTER 2023 information session held in Shenzhen


During the information session in Shenzhen on March 28, 2023, a panel discussion was hosted by Bohan Zheng, Senior Investment Manager of Gobi Partners, to explore “How to Leverage Hong Kong to Seize the Opportunities of Globalization”, attended by Johnny Tang, Chief Operation Officer of Qupital; Yu Tian, Founder and CEO of Shenzhen Smart Supply Chain; and Zhang Shuai, Founder of HALOBLK.

Johnny Tang, COO of Qupital said,

“Hong Kong’s advanced financial system offers extensive support and collaboration opportunities for startups, while also providing reliable measures for corporate financing. As a fintech startup, Qupital’s success greatly depends on the exceptional support of our Hong Kong team in finance and risk management, empowering businesses to achieve a stable and sustainable growth.”

Zhang Shuai, Founder of HALOBLK said,

“Hong Kong offers an expansive platform for global capital, providing startups with abundant prospects for growth and resources. With Hong Kong’s rich background in foreign trade, startups can capitalize on this advantage to export their products to international markets, reach new heights in overseas expansion, attract diverse talent from round the world, customize their products to local markets, and achieve accelerated development.”

JUMPSTARTER 2023 is now open for application. Please visit https://www.jumpstarter.hk/en/  for more details.

About Alibaba Hong Kong Entrepreneurs Fund

Alibaba Hong Kong Entrepreneurs Fund (“AEF”) is a not-for-profit initiative launched by Alibaba Group in 2015. To vitalize the development of innovation and technology, AEF’s mission is to help Hong Kong entrepreneurs and young people realize their dreams and visions for a Hong Kong that is vibrant and engaged regionally and globally. As part of its investment program, AEF provides Hong Kong-based entrepreneurs with investment capital and strategic guidance to help them grow their businesses and penetrate the mainland Chinese and global markets, by utilizing Alibaba’s Ecosystem. For more information, please visit the website: https://www.ent-fund.org/en/

About JUMPSTARTER

JUMPSTARTER is a not-for-profit initiative created by Alibaba Hong Kong Entrepreneurs Fund that provides a platform for all entrepreneurs and young people to jump start their dreams in Hong Kong. It is a first-of-its-kind start-up event focused exclusively on showcasing quality start-ups and providing high-impact networking opportunities. Its goal is to build, empower and boost Hong Kong’s start-up ecosystem and entrepreneurship by bringing entrepreneurs, corporations, investors and the public together, helping to transform Hong Kong into a leading hub for global innovation and technology. For more information, please visit the website: https://www.jumpstarter.hk/en/

PR Newswire

ActivePort Group (ASX:ATV) secures multimillion-dollar 10-year deal with Lightstorm

Leave a comment

PERTH, Australia, April 6, 2023 /PRNewswire/ — Announced this week, ActivePort Software has secured a notable 10-year deal with existing customer Lightstorm as they ramp up the next phase of growth and expansion globally. This multimillion-dollar agreement to deliver software-defined networking and cloud orchestration, solidifies the strategic alignment and future evolution of both companies.

Lightstorm is the digital network infrastructure arm of US private equity company I Squared Capital and specialises in building infrastructure for hyperscale networking in Asia Pacific and the Middle East.

With ActivePort’s multi-vendor orchestration solution as a core component, Lightstorm built a network-as-a-service (NaaS) platform called Polarin. This platform allows enterprises to easily manage their network infrastructure and securely deploy a high-availability network in minutes with guaranteed 100% uptime.

ActivePort CEO and MD, Karim Nejaim: ‘We are honoured that Lightstorm have put their trust in our software as a core part of their business and extended our contract both in scope and time. It is almost one year to the day that we began our strategic partnership. During this time, Lightstorm have built a cloud based NaaS platform with ActivePort’s Orchestration solution and end-to-end workflow automation functionality. We look forward to this long-term partnership as we continue to work with Lightstorm to build products and services and be a key part of their success from the Middle East, through India and into Southeast Asia.’

Lightstorm CTIO, Lalit Chowdhary: ‘We could not be happier with ActivePort’s software and support for our business. Lightstorm’s NaaS Polarin platform is ready for general availability and this agreement extends our ongoing relationship with ActivePort to a strategic one as we continue to enrich our platform. We are excited for this next phase of growth and working together with the team at ActivePort as we expand globally.’

About ActivePort

ActivePort software specialises in software-defined networking solutions, including a vendor-agnostic Orchestration platform and the latest in network virtualisation technology. Their software offering includes Orchestration, SD-WAN, SD-Internet, NFV, Bandwidth on Demand, API Integration and Compute.

Having experienced un-precedented global demand, ActivePort is rapidly transforming from start-up to scale-up. To meet this increased customer demand, the company has added more resources, delivery capability and support capacity to ensure they remain leaders in Cloud orchestration.

For more information: www.activeport.com.au

ActivePort Software-Defined Networking Product Suite
ActivePort Software-Defined Networking Product Suite

PR Newswire

Hyosung Chairman Cho Hyun-joon attends the Korea-Japan Business Roundtable

Leave a comment

SEOUL, South Korea, April 5, 2023 /PRNewswire/ — Hyosung Chairman Cho Hyun-joon attended the Korea-Japan Business Roundtable held in Tokyo, March.

At the meeting, key officials from the Federation of Korean Industries (FKI) and the Japan Association of Corporate Executives (Keizai Doyukai) specified the visions for economic cooperation between the two countries and discussed expanding exchange and cooperation among business leaders.

From Korea, 12 members of the FKI attended, including Chairman Cho Hyun-joon and Acting FKI Chairman Kim Byong-joon, as well as leaders of conglomerates. From Japan, 11 business leaders attended, including Chairman Masakazu Tokura of Keidanren and Mikio Sasaki, the chairman of the Japan-Korea Economic Association.

Chairman Cho said, “I hope to mutual development in various fields for both countries through this meeting,” adding “I shall make efforts to contribute to the development of both countries through active economic exchange with Japanese companies”.

In the business world, Chairman Cho is regarded as an expert on Japan. He has been serving as the vice-chairman of the Korea-Japan Economic Association since 2014 and was reappointed in 2023 for his 10th year of service. He showed his interest in Japan by mentioning that “economic cooperation with Japan is essential” during the 29th Korea-Japan Business Conference last year.