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PR Newswire

Epson Partners with Runway to Drive Digital Transformation & Build an Innovation Ecosystem

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SAN FRANCISCO, Aug. 27, 2021 — Seiko Epson Corporation (referred to below as Epson) is working with San Francisco-based Runway Innovation Hub to foster an innovation mindset, identify cutting-edge technology startups for piloting and partnership, and build strong relationships with the global innovation ecosystem.

Photo by ThisIsEngineering from Pexels
Photo by ThisIsEngineering from Pexels

Epson is on a mission to address unmet customer needs through its Open Innovation Program. As an experienced partner in corporate innovation consulting and startup engagement, Runway was selected to translate global trends into business opportunities and scout startups.

"Our partnership with  Runway has given us the opportunity to understand the Silicon Valley mindset and efficiently gain exposure to innovative startups," stated Junkichi Yoshida, COO of Epson’s Printing Solutions Division.

Yoshihiro Nakami, General Manager Epson DX Strategic Planning described, "Runway plays an important role in Epson’s worldwide innovation network. Their expertise in creating an innovation process for Epson and breadth of startup connections has accelerated our speed to pilot. We look forward to continuing our partnership." 

Runway’s team of seasoned  analysts and technology researchers have nurtured Epson’s startup partnership pipeline throughout the pandemic. Despite the global events of 2020, Runway and the Epson DX Open Innovation team have achieved strong results, including:

  • 78 startups scouted, analyzed, and evaluated
  • 22 startup meetings & demos sessions from over 6+ countries around the globe
  • 11+ partnership discussions

"Epson and  Runway have established a trusted partnership. We work very closely with the Runway team and they understand our strategic business goals. Together we are transforming step-by-step the internal mindset along with Epson’s future business." – Akihisa Obara, Epson Senior Expert and DX Project Management Lead.

One successful example is the collaboration with Avatour, a startup developing a remote collaboration platform designed to conduct meetings including for training, inspections, and other site-specific meetings. The company’s software allows users to share a real place where they can see the entire environment at 360° and interact with each other, thereby enabling remote users to effectively participate in site meetings and save time and money.

Jack Rieger, Director Digital Innovation Epson America explained, "We recognize that we don’t have good visibility to everything that is out there, so working with a firm like Runway introduced us to unknown possibilities.  We look specifically for startup or corporate partners that can help us open up new markets, enhance the value proposition of our product, and grow our business in a significant way".

Epson is seeking collaborations with innovators to co-develop solutions for remote work, distance learning, digital collaboration, stay-at-home and remote manufacturing to support its current and future customers as the world is forever impacted by the global pandemic.

Epson and Runway are continuing a strong partnership into 2021 and look forward to sourcing high-quality startups and technologies for successful piloting and business unit integration. If you’d like to collaborate, please use the links below to learn more.

About Epson:
Epson is a Japan-headquartered manufacturing company which provides printing solutions, visual communications, wearable products, and industrial solutions. Since 1942, Epson’s DNA has continued to embody the idea of efficient, compact, precision technology, and now their IoT hubs enable customers to access this whenever and wherever you are. Epson is helping their customers in education, tourism, healthcare, and disaster prevention tackle the challenges. By providing timely solutions to issues, they create customer-centric long term relationships, offering continuous support in solving social issues. Learn more at https://openinnovation.Epson.com/en/ .

About Runway:
Runway is a Silicon Valley innovation company accelerating the success of global corporate innovators and technology entrepreneurs.  Runway has worked with 40+ global corporations to drive innovation results by uncovering new trends and opportunities, scouting cutting-edge startups for strategic partnership, investment or acquisition, and successfully piloting new business concepts. Alongside its consulting practice, Runway incubates early stage startups across 20+ industries. Runway’s 350+ startups have done extremely well – they’ve raised a combined $2.5B in VC money and 53 have successfully exited. Learn more at https://runway.is/corporate-innovation/ .

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https://runway.is

PR Newswire

CGTN: From a barren land to the world’s largest man-made forest, Saihanba and China’s ecological efforts

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BEIJING, Aug. 26, 2021 — Decades ago, no one would imagine that Saihanba – the once barren land located in north China’s Hebei Province – would turn into the world’s largest man-made forest. 

 

China did it. 

Saihanba now sees a forest coverage of 80 percent, which can conserve and purify 137 million cubic meters of water every year, an achievement hailed "great" by Chinese President Xi Jinping.

"It is a model in the world’s ecological civilization history," he said during his recent two-day tour in Hebei.

During his trip, Xi learned about the management and protection of the forest farm, as well as Hebei’s coordinated efforts in conserving its mountains, rivers, forests, farmlands, lakes and grasslands, and desertification control. 

The president stressed the importance of developing the green economy and furthering ecological progress, urging to carry on "Saihanba spirit"—a term attributed to generations of workers on the farm who have kept their mission in mind, worked hard and pursued green development. 

Xi urged the workers at the Saihanba forest farm to gain a deeper understanding of ecological conservation and continue their hard work for new achievements.  

Xi encourages elderlies to stay active in job market

Facing a rapidly aging labor force in a continuously expanding economy, Xi encouraged more elderly folks to "stay active" in the job market when inspecting the Binhe community service center.

Xi suggested those "younger seniors" to participate in duties like community volunteering jobs.

According to China’s National Bureau of Statistics, there are currently 264 million people aged 60 and over, accounting for 18.7 percent of the total population. The trend – many say – could potentially pose threats to the world’s second-largest economy.

The country has put it explicitly in its 14th Five-Year Plan (2021-2025) that it will raise the statutory retirement age "in a gradual, flexible and differentiated manner" to adapt to that "new normal."

During his visit, Xi also stressed the need to achieve this year’s major goals for the country’s economic and social development. 

He underlined the need to achieve a balance between COVID-19 prevention and control and economic and social development, and between development and security, to promote high-quality development, and to strive to fulfill major social and economic targets and tasks for this year to ensure a good start of the 14th Five-Year Plan.

A new development philosophy in an all-round, faithful manner is need to put into practice, Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, said.

Xi calls for preservation and development of cultural heritage

In the renowned Chengde Mountain Resort – a UNESCO World Cultural Heritage site—Xi learned about its history as well as the preservation efforts there.

The resort serves important historic meanings to communication between different ethnic minority groups, adaption of religion and the society, preservation and development of cultural heritage, as well as the peaceful coexistence between human and nature, Xi pointed out.

He also highlighted cultural confidence and the unity between multi-ethnic groups.

The Chinese president then visited Puning Temple, a famous Buddhist temple near the resort, and the Chengde Museum.

Xi: From ‘rural revitalization’ to ‘industry revitalization’

China has always viewed rural vitalization as one of the keys to developing a modern economy, and President Xi took that a step further. He stressed the importance of "industry revitalization."

Daguikou village—where Xi visited—now grows strawberries, grapes and cherries. Yet fruit was not their first choice.

The village had tried rice, corn and vegetables. But for all sorts of reasons like the lack of water, these products were underproduced. Therefore, villagers couldn’t make money off them. So they turned to growing fruits instead.

Now, growing strawberries has become the main business for the 1,700 residents, with each household making around $15,000 a year.

Xi called on villages to implement tailored methods and find out their distinctive resource in singling out their advantages, while also calling to strengthen rural infrastructure and public service system.

https://news.cgtn.com/news/2021-08-25/Aging-in-China-Xi-encourages-seniors-to-stay-active-in-job-market-131aEaOXqU0/index.html

Related Links :

http://www.cgtn.com

PR Newswire

Douugh launches integrated commission-free wealth management service

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Diversified portfolios managed by experts for investing towards your long-term financial goals – helping you grow your money and improve your financial health.

SYDNEY and NEW YORK, Aug. 25, 2021 — Douugh, (ASX: DOU) the purpose-led fintech company on a mission to help Americans autonomously manage and grow their money to live financially healthier lives, today announced the launch of Douugh Wealth, which democratizes access to investment solutions by combining human expertise and state of the art technology integrated into its smart bank account.


Douugh Wealth Portfolio Jars offer investment solutions for personal investing goals so customers — whether first-time or seasoned investors — can live financially healthier lives and grow their long-term wealth in an appropriate, low-cost, diversified portfolio based on their risk appetite for each of their long-term savings goals.

Douugh Wealth’s unique combination of human expertise and technology puts customers’ financial goals at the center of the investment strategy to help get them through good times and bad by seeking to minimize market risks and maximize returns, all with no brokerage or management fees.1

"The launch of the Douugh Wealth proposition is a critical milestone on our journey to becoming a truly ‘responsible’ financial super app — helping customers autonomously manage and grow their money to live financially healthier lives," said Douugh Founder and CEO Andy Taylor.

"For too long, sophisticated wealth management has been a privilege reserved for the top 1%. Douugh Wealth democratizes the path toward financial health for everyone regardless of where they start their wealth journey. As a fiduciary platform that puts customer goals at its centre, our customers can be confident Douugh has their best interests in mind regardless of the size of their portfolio."

In a recent DriveWealth report, 33% of Americans said they would increase investing post-pandemic, but 45% said the pandemic had set back their long-term financial security. And with interest rates at an all-time low, Douugh Wealth has launched at the perfect time to build customer wealth autonomously, while helping each individual reach their goals.

"At Douugh, we know that investing can be hard, time consuming, expensive and even sometimes scary so we want to give our customers the best opportunity to grow their money, achieve their goals and improve their overall financial health," said Douugh Head of Wealth Tom Culver. "Since we’re all more likely to do something if we’re engaged, we’ve also designed Dough Wealth to be personalized, goals-based, and engaging to ensure customers get the most out of learning how to invest in their future."

Douugh Wealth’s Portfolio Jars offers investors a choice between Core or Sustainable portfolios with Conservative, Moderate, or Aggressive options, curated by Douugh’s investment team.

"Douugh Wealth’s core investment philosophy is straightforward and based on the understanding that the generation we belong to will be forever influenced by a rapidly changing path adapting to technological innovation and sustainability factors on an almost daily basis," said Culver. "A well-diversified, balanced portfolio tilted to emphasize exposure to innovative and highly defensible technology and sustainably focused themes may lead to superior long-term investment returns."

As part of its core mission, Douugh educates customers how to manage and grow their money in a responsible way by investing and committing to long-term wealth goals. Douugh’s unique approach to financial management provides a holistic and consolidated dashboard for everything from budgeting to investing in one app, putting customers’ finances on autopilot so they can enjoy financial freedom.

To reinforce good money habits and financial literacy, Douugh will provide regular updates and alerts that help educate customers about principles like compounding, diversification, asset allocation and risk management, while gamifying the investment process. 

About Douugh

Douugh is the purpose-led fintech company on a mission to help customers autonomously  manage and grow their money to live financially healthier lives. Douugh was founded in 2016 by Andy Taylor, co-founder of SocietyOne, Australia’s first and leading P2P Lending platform. Passionate about the power of technology to disrupt the banking industry and empower individuals, Andy and Douugh believe the current business model operated by banks is outdated and have developed a radically new banking model centred around software that helps users achieve financial freedom.

Douugh USA, LLC is a financial technology. The Douugh bank account and debit card are issued by Choice Financial Group, Member FDIC. Douugh Wealth, LLC is a registered investment advisor with the U.S. Securities and Exchange Commission. Investments are SPIC insured up to the value of $500,000. Investing in securities involves risk and there is always the potential of losing money, past performance does not guarantee future performance.

The information contained in this communication is provided for general informational purposes only, and should not be construed as investment advice. Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any security. Any links provided to other server sites are offered as a matter of convenience and are not intended to imply that Douugh Wealth, LLC endorses, sponsors, promotes and/or is affiliated with the owners of or participants in those sites, or endorses any information contained on those sites, unless expressly stated otherwise.

Media contact:
douugh@dittopr.co

1 To access products and services provided by Douugh Wealth LLC clients will need to pay Douugh’s financial fitness membership fee of $4.99/month.


 

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Related Links :

https://douugh.com

PR Newswire

Visa and Ascenda partner on next-gen loyalty and rewards in Asia Pacific

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As consumer expectations around their rewards evolve, Visa and Ascenda will offer banks and fintechs a new solution to get loyalty programs up and running in a fraction of the typical lead time

SINGAPORE, Aug. 24, 2021 — Visa, the world leader in digital payments, today announced a strategic partnership in Asia Pacific with Ascenda, the loyalty technology company. The payments network will be first globally to leverage Ascenda’s new Nexus platform, which will enable Visa’s partners to adopt a comprehensive new rewards program for their customers.

Reward programs continue to evolve as consumer preferences and behaviours change, in line with larger trends on how people shop. The rise of eCommerce has created new habits and opportunities to engage before, during and after the transaction. The increased role that data plays in the average consumer’s day has led to greater expectations around receiving personalised rewards instead of a general set of benefits. And during the COVID-19 pandemic, traditional benefits like air miles have been less easily used.

With this backdrop of a changing environment, the Visa and Ascenda partnership means card issuers, like banks or fintechs, can deploy rewards programs that are easy to implement and use, in a fraction of the typical lead-time. The digital rewards portal powered by Ascenda comes with offers and promotions from leading merchants via Visa Offers Exchange and Ascenda’s global network.

Rapid implementation of the new platform is possible because the traditional integration points required for new loyalty solutions are removed. By leveraging Visa’s latest API services, Ascenda authenticates customers securely and identifies payment transactions that are eligible for rewards – with minimal action required from the issuer.

Chris Clark, regional president, Asia Pacific, Visa, said, "As Visa evolves our business beyond cards, reward programs are becoming more digital, more engaging, more personalised, and easier to adapt to new opportunities. Our partnership with Ascenda ensures Visa is able to deliver loyalty platforms that match the pace of digital adoption our bank and fintech partners need."

"Visa and Ascenda already have a strong track record of partnering to equip top-tier banks with leading customer engagement solutions," said Sebastian Grobys, chief commercial officer at Ascenda. "With Visa now leveraging our new Nexus model and integrating Visa’s existing engagement solutions for rapid deployment, we are unlocking significantly greater scale for our collaboration going forward."

The Visa-Ascenda rewards solution is being rolled out progressively across Asia Pacific.

About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network — enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog and @VisaNews.

About Ascenda
Ascenda is a global fintech that makes customer engagement simple by powering rewards technology and payment propositions for leading financial services brands.

Ascenda delivers fully-digital, intuitive and easy-to-deploy loyalty solutions that enable banks to build deeper customer relationships across the entire banking relationship. The company serves financial services clients in more than 40 markets including many leading banks such as HSBC, Barclays, Standard Chartered and Capital One as well as disruptors such as Virgin Money Australia’s new digital bank.

For more information about Ascenda, please visit ascendaloyalty.com.

PR Newswire

Discover two emerging businesses at Kalkine Media’s INVEST NEST webinar on August 26

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SYDNEY, Aug. 21, 2021 — Kalkine Media is organising the next edition of the ‘INVEST NEST’ webinar series, titled ‘2 Must Know ASX listed Emerging Stories’, on August 26, 2021.

There are two emerging companies—Australia-based silica sand explorer VRX Silica Limited and specialist financial services provider Fiducian Group Limited—that are making a mark in the Australian market. The panel consists of Managing Director of VRX Silica, Mr. Bruce Maluish and Executive Chairman of the Fiducian Group Mr. Indy Singh. Both VRX Silica and Fiducian Group are Kalkine’s valued clients.

The webinar will help potential investors discover valuable information as top leaders of the companies navigate through insightful business information and discuss emerging themes in the Australian market.

Emerging companies

VRX Silica is a silica sand exploration company, which has been listed on the Australian Securities Exchange since 2011. It is the only ASX-listed, pure-play silica sand firm, which possesses advanced development assets with more than 100 years of production life. Mr. Maluish will discuss the success story and future plans of VRX Silica, which has been on the investors’ radar.

The Fiducian Group is an ASX-listed specialist financial services organisation providing platform administration, funds management and financial planning with underlying in-house fintech capabilities. The company’s success is underpinned by the accumulated knowledge and experience gained across the business areas. Mr. Singh will trace the journey of Fiducian Group, which provides premium wealth services and solutions to its clients.

About Kalkine Media

Kalkine Media operates across Australia, New Zealand, Canada, UK and the US. It aims to keep its readers abreast of the latest and trending news on the equity and commodity markets, the unravelling economy and other business developments.

Contact: honey.bhargava@kalkinepr.com

PR Newswire

JCET 1H 2021 Net Profit Jumps 261%, Earnings Surpass FY 2020 Mark

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Q2 2021 Financial Highlights:

  • Revenue was RMB 7.11 billion, an increase of 13.4% year on year. A record high second quarter in the company’s history.
  • Generated RMB 1.68 billion cash from operations, an increase of 67.1% year on year. With net capex investments of RMB 0.92 billion, free cash flow for the quarter was RMB 0.76 billion.
  • Net profit was RMB 0.94 billion, a record high second quarter in the company’s history.
  • Earnings per share was RMB 0.54, as compared to RMB 0.15 in Q2 2020.

1H 2021 Financial Highlights:

  • Revenue was RMB 13.82 billion, an increase of 15.4% year on year.
  • Generated RMB 2.88 billion cash from operations, an increase of 33.9% year on year. With net capex investments of RMB 1.48 billion, free cash flow for the first half of 2021 was RMB 1.40 billion.
  • Net profit was RMB 1.32 billion, an increase of 261.0% year on year，a record high in the company’s history.
  • Earnings per share was RMB 0.78, as compared to RMB 0.23 in 1H 2020.
  • Successfully completed private placement of RMB 5 billion in April 2021.

SHANGHAI, Aug. 21, 2021 — JCET (SSE: 600584), a leading global provider of integrated circuit (IC) manufacturing and technology services, today announced its financial results for the first half year of 2021. According to the financial report, in 1H 2021, JCET maintained its momentum of growth and strong profitability, with revenue of RMB 13.82 billion and net profit of RMB 1.32 billion, which achieved 15.4% and 261.0% year on year growth respectively.

 

Ms. Janet Chou, CFO of JCET said, “Thanks to the solid execution of our team and strong customer demand, JCET delivered another record setting quarter in 2021 with gross margin expanding 260 basis points year on year in Q2. With strong operating cash generation and robust free cash flow, we further strengthened our balance sheet.”

Along with a strong financial performance, JCET had many additional key accomplishments in Q2 2021. In April, JCET established the “Design Service Business Center” and “Automotive Electronics Business Center” to strengthen efficient interaction and synergistic development with the industry ecosystem and provide seamless and efficient full lifecycle technical service support to customers. JCET completed a private placement raising approximately RMB 5 billion to enhance capabilities in SiP, QFN, BGA and other finished chip manufacturing solutions to better meet the needs of 5G communication devices, big data, automotive electronics and other market applications. And in June, JCET completed the acquisition of Analog Devices Inc.’s Singapore test facility that enabled the continued expansion of JCET test business in Singapore and the rapid and steady advancement of its global business strategies.

Mr. Li Zheng, CEO of JCET said, “The dynamic and innovative applications in the post-Moore era have driven the rapid upgrade of advanced packaging and backend chipset manufacturing solutions, and this gives JCET great opportunities for growth. In recent years, JCET has been partnering with our global customers, continuously increasing investment in advanced technologies, and strengthening our professional and international management and production operation systems, resulting in record revenue and net profit in the first half of 2021. In the future, we will continue to invest in R&D of advanced technology solutions, optimize operational capabilities, strengthen our professional team, and implement a talent incentive mechanism under the guidance and support of the Board of Directors, to lay a solid foundation for the sustainable development of JCET.”

About JCET:

JCET Group is the world’s leading integrated-circuit manufacturing and technology services provider, offering a full range of turnkey services that include semiconductor package integration design and characterization, R&D, wafer probe, wafer bumping, package assembly, final test and drop shipment to vendors around the world.

Our comprehensive portfolio covers a wide spectrum of semiconductor applications such as mobile, communication, compute, consumer, automotive and industry etc., through advanced wafer level packaging, 2.5D/3D, System-in-Packaging, and reliable flip chip and wire bonding technologies. JCET Group has two R&D centers in China and Korea, six manufacturing locations in China, Korea and Singapore, and sales centers around the world, providing close technology collaboration and efficient supply-chain manufacturing to customers in China and around the world.

 

 

 

 

PR Newswire

CLPS Incorporation Announces the Completion of Capital Increase Agreement Transaction in MSCT to Ramp Up Cooperation in Global Financial Technology Services Market with MCT

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HONG KONG, Aug. 20, 2021 — CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), today announced that it has completed the previously announced Capital Increase Agreement (the "Agreement") transaction with Minshang Creative Technology Holdings Limited ("MCT", 01632.HK). CLPS, through its wholly-owned subsidiary, Growth Ring Ltd., and MCT now hold 53.33% and 46.67% in MSCT Investment Holdings Limited ("MSCT"), respectively. Through the Agreement, both parties have agreed to develop a next-generation loan trading software, a software as a service (SaaS) solution, and to explore financial technology services market in a global scale.

Upon closing of the transaction, MSCT has started to innovate and streamline the commercial version of its next-generation credit loan trading software, powered with a complete configurable workflow and a high degree of automation. As a result, the software can provide a user with an entire loan lifecycle support for personal installment loan, purchase of consumer credit, mortgage, and hire purchase, among other transactions. The upgraded software is expected to be completed by December 2021. It will be initially launched and marketed in Hong Kong SAR and Southeast Asia by early next year before offering it in Japan and the U.S. markets.

MCT is a company listed on the Hong Kong Stock Exchange with its headquarters located in Hong Kong. Minsheng E-Commerce Holdings (Shenzhen) Co., Ltd., an e-commerce company established in Mainland China, is a controlling shareholder of MCT.

Mr. Raymond Lin, Chief Executive Officer of CLPS, said, "The Company’s investment in MSCT fully opens up strategic cooperation with MCT. Our extensive experience as an IT services provider with a focus on international banks and other financial institutions serves as a foothold in developing financial software products and solutions. Together with MCT, we are excited to jointly explore business opportunities in the global financial technology services market."

Mr. Wu Jiangtao, Chairman and Chief Executive Officer of MCT, said, "We strongly believe that our cooperation with CLPS will yield a broad potential in the global market. CLPS’s highly regarded brand impact combined with our competitive advantage in digital transformation will mutually benefit our business and IT solution capabilities. We are optimistic to achieve greater success in this cooperation going forward."

About CLPS Incorporation

Headquartered in Hong Kong, CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global leading information technology ("IT") consulting and solutions service provider focusing on the banking, insurance, and financial service sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial service industry, including large financial institutions in the US, Europe, Australia, Southeast Asia and Hong Kong SAR, and their PRC-based IT centers. The Company maintains 18 delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Baoding, Xi’an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining seven global centers are located in Hong Kong SAR, USA, Japan, Singapore, Malaysia, Australia, and India. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, LinkedIn, and Twitter.

Forward-Looking Statements

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company’s control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company’s expectations of the Company’s future growth, performance and results of operations, the Company’s ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company’s most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contact:

CLPS Incorporation
Rhon Galicha
Investor Relations Office 
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com

Related Links :

http://www.clps.com.cn

PR Newswire

Y Combinator-Backed Lofty AI Launches Tokenized, Liquid Marketplace for A.I.-Vetted Real Estate on Algorand

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LOS ANGELES, Aug. 20, 2021 — Lofty AI today announces the launch of its liquid real estate marketplace on the Algorand blockchain, including the introduction of a sixth tokenized property listing as it gains momentum in disrupting access to real estate ownership. Lofty AI’s model allows anyone to become a direct owner in real estate and earn rental income for as little as $50 per token and in as few as five minutes, made possible with its blockchain-based solution on Algorand. Unique to Lofty AI, properties listed within the marketplace are vetted by both their local investment team and proprietary artificial intelligence, designed to more accurately evaluate market indicators that drive appreciation, including social media data, retail trends, and more.

Lofty AI’s mission is to bring liquidity and accessibility to the notoriously illiquid real estate market. Algorand’s blockchain technology enables this via minimal transaction fees, advanced smart contracts that allow for the automation of many functions, and industry-leading transaction throughput speed. These factors allow investors to participate with significantly lower minimums and to liquidate their investments at any time of their choosing, thereby reducing risk.

Property tokens on Lofty AI can be purchased via credit card or ACH transfer, and soon, will be eligible for purchase using Algorand-based currencies. Rental income is distributed to owners in USD, with forthcoming options for rental income to be sent directly to a user’s Algorand wallet.

"We believe that real estate investing should not just be reserved for the ultra-wealthy. Our team ran into this issue when investing in real estate personally, so we set out to create a platform that makes it super easy to invest in vetted properties in minutes, for only $50," said Max Ball, COO of Lofty AI. "Building on top of Algorand was a no-brainer for us––honestly it was probably the easiest decision we’ve had to make so far."

"We are excited about Lofty AI’s success on Algorand, and congratulate them on today’s sixth tokenized property launch," said David Markley, Director of Business Solutions at Algorand. "We believe that blockchain technology is the key to democratizing finance, including real estate investment opportunities, and have designed our protocol to facilitate the ease of use, speed, scalability, and true decentralization needed to enable this future."

The sixth property to be listed on the Lofty AI marketplace goes live today, with 2509 tokens available for investment.

About Lofty AI
Lofty AI lets people invest in tokenized investment properties for only $50. All properties are vetted by their local investment team and proprietary artificial intelligence, and tokens can be sold anytime for no penalties or fees. Lofty AI has raised over $5M in total funding and is backed by leading investors including Y Combinator, Rebel Fund, Jason Calacanis, Hustle Fund, and more.

About Algorand Inc.
Algorand is building the technology to power the Future of Finance (FutureFi), the convergence of traditional and decentralized models into a unified system that is inclusive, frictionless, and secure. Founded by Turing Award-winning cryptographer Silvio Micali, Algorand developed a blockchain infrastructure that offers the interoperability and capacity to handle the volume of transactions needed for defi, financial institutions and governments to smoothly transition into FutureFi. The technology of choice for more than 700 global organizations, Algorand is enabling the simple creation of next generation financial products, protocols and exchange of value. For more information, visit www.algorand.com.

Media contact:
Lofty AI
Max Ball
max@lofty.ai

Algorand, Inc.
algorand@dittopr.co

Related Links :

http://www.algorand.com

PR Newswire

Perkbox reimagines global reward and benefits for the post-pandemic world

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LONDON, Aug. 18, 2021 — Perkbox, the global benefits and reward platform, today announces its new offering to help employers care for, connect with, and celebrate their people around the world.

The new location agnostic Perkbox platform enables employers to harmonise their global employee experience and create cost and time efficiencies, while delivering bespoke wellbeing, recognition, and engagement offerings to each employee. Perkbox already supports over 5,000 businesses and more than 600,000 users across more than 34 countries.

The new platform launch comes as HR leaders worldwide grapple with a unique set of circumstances, brought about, or accelerated, by the COVID-19 pandemic:

  • Employee wellbeing is in freefall. Nine in ten employees faced new wellbeing challenges in 2020[1], as burnout from balancing work and life becomes a greater issue
  • The employee/employer relationship is changing. Work from home-induced introspection has left many people looking for more from their employer and work.
  • International, distributed working models are on the rise. Hybrid and remote working are making it more difficult to create a clear and attractive organisational culture across multiple locations.
  • There’s a new talent landscape. New ways of working have also unlocked a truly international pool of talent, giving businesses the option to recruit from anywhere in the world.

In response, Perkbox’s reimagined, unified platform helps HR leaders create a stronger employee value proposition, built around caring for, connecting with, and celebrating employees, wherever they’re based.

Employees can access the platform via web or a powerful single app. It’s organised into four ‘hubs’, each offering support in a key area, and integrates seamlessly with existing single sign on (SSO) and human resources information systems (HRIS) – creating a frictionless experience for both employees and HR administrators.

Wellness hub. Supporting employees’ wellbeing is vital in itself, and it boosts retention and engagement.[2] The Wellness hub enables employers to meaningfully support this area by providing access to carefully curated, constantly updated wellbeing content. Employees can choose what works for them – from hypnosis and therapy audios to HIIT workouts and meditation guides.

Perks hub. Perks hub enables employers to overcome the stifling complexity of the global benefits market, while providing employees with the huge variety of global deals, discounts and benefits needed to fulfil individual requirements. There is also the option for employers to offer a monthly ‘Flexi points’ allowance. Employees can redeem these, at no cost to themselves, against a wide range of ‘Flexi Perks’, from coffees and entertainment subscriptions to mindfulness apps – and much more.

Celebration hub. Building a culture of appreciation can help drive motivation and engagement.  Celebration hub helps strengthen the connections between all employees and employers, regardless of location, by enabling leaders to visibly recognise and reward their people in a personalised way. Recognitions can also be linked to company values – helping businesses reward behaviours that embody what they stand for.

Culture hub. This helps create cultural alignment and a greater sense of togetherness across all parts of the business, by providing a single source for news and company initiatives.  It reduces reliance on leaders in each location to cascade information – saving their time and that of HR leaders.

Gautam Sahgal, CEO, Perkbox comments: "Organisations are becoming increasingly diverse – with people of different demographics spread across different geographies. This is presenting HR leaders with a two-pronged challenge: how to create a clear, common, and compelling culture for the evolving, international workforce. And how to create a reward and benefits offering that provides genuine value to everybody, wherever they are.

"We want Perkbox to be the simple, cost-effective answer to the global challenges and opportunities the new age of work poses. The platform is the result of an incredibly in-depth investigation into what our clients truly want from us. We took the time to ask HR leaders why they chose Perkbox and, in today’s working world, the ability to harmonise wellbeing, recognition and engagement across markets was seen as vital. This is the strategic imperative to help organisations attract, retain and inspire the talent they need to succeed."

About Perkbox

Perkbox is the global benefits and rewards platform that allows companies to care for, connect with and celebrate their employees, no matter where they are and what they want. Location agnostic, it supports over 5,000 businesses and more than 600,000 users across 34 countries and counting. 

[1] Unleash employee happiness in 2021. Access via: https://www.perkbox.com/new-working-world

[2] The Science of Care. Access via: https://www.limeade.com/wp-content/uploads/2019/09/LimeadeInstitute_TheScienceOfCare_Whitepaper_Web.pdf

PR Newswire

Guangdong Premium Products International Trade Online Expo – Apparel & Textiles Expo opens

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GUANGZHOU, China, Aug. 16, 2021 — The Guangdong Premium Products International Trade Online Expo – Apparel & Textiles Expo, organized by CCPIT Guangdong Committee and managed by Guangdong Guangzhan International Exhibition Co., Ltd., will open at the International Trade Online Expo (ITOE) (en.itoegd.com) on August 16, 2021 and continue until August 20.

Guangdong Premium Products International Trade Online Expo - Apparel & Textiles Expo opens
Guangdong Premium Products International Trade Online Expo – Apparel & Textiles Expo opens

The expo features eight major exhibition areas, including cross-border exclusive supply, leisure sports, undergarments & pajamas, household supplies & home textiles, infants’ & children’s clothing, wedding dresses & Hanfu (tradional Chinese-style formal wear), shoes & bags as well as raw materials & accessories. With more than 30 online economic and trade events scheduled and nearly 400 high-quality brands slated to exhibit, the expo gives buyers a chance to get an in-depth understanding of an exhibitor’s design and production capabilities through various communications channels including round-the-clock virtual access to the exhibited items, comprehensive "zero-distance" virtual tours of the exhibitor’s production facilities, and the ability to engage in business negotiations via an "in-the-cloud" videoconferencing set-up.

Of the exhibitors at the event, 90% are from Guangdong province, the world’s third largest garment export base. Buyers can find suppliers specializing in cross-border shipping and view their wares in the "cross-border exclusive supply" exhibition area.

The Hanfu & wedding dresses exhibition area will showcase various styles of traditional Chinese classical and modern Hanfu while exhibitors from Chaozhou, Guangdong province, a town known as the world’s wedding and evening dressmaker, will display a vast line-up of boutique wedding dresses as well as other new and stylish matrimonial wear.

On the first day of the expo, many brands, including DETERMINANT, specialized in the production of long-staple cotton men’s shirts, and Dongguan Topgood Handbag Leather, maker of a recently-launched exclusive patented coffee-scented bag, attracted online audiences from many countries and regions by holding live-streamed factory tours.

The expo will bring together a strong lineup of leading apparel and textile brands and manufacturers which can meet the diversified needs of today’s buyers. The organizing committee has also set up a one-on-one online purchasing and marketing matching meeting program to match buyers and suppliers. Buyers can complete all their purchasing needs through the "one-stop" purchasing facility provided by the cloud-based expo. Sign up here for the online purchasing and marketing matching meeting.

To find the right sources for your needs and expand business channels, visit en.itoegd.com.