Tag Archives: FIN

Cohen Milstein Provides Notice of Data Event

WASHINGTON, May 22, 2021Cohen Milstein Sellers & Toll PLLC ("Cohen Milstein") provides notice of a data event.

On January 23, 2021, Cohen Milstein discovered unusual activity on certain computer systems.  Cohen Milstein quickly disconnected the affected systems from the network and commenced an investigation that included working with third-party forensic specialists. The investigation determined that Cohen Milstein’s systems were subject to unauthorized access by someone not connected with Cohen Milstein on January 23, 2021.  An exhaustive review of the data was initiated and, out of an abundance of caution, all parties who have personally identifying information or personal health information present on the systems where unusual activity was detected at the time of the incident will be notified. The firm is currently unaware of any actual or even attempted misuse of information.

Cohen Milstein is reviewing and enhancing its existing policies and procedures to reduce the likelihood of a similar future event and will be notifying individuals and relevant state and federal regulators, as required.  As an added precaution, Cohen Milstein will be offering complimentary access to credit monitoring and identity restoration services to potentially impacted individuals.

Should individuals have questions regarding this event, they may call Cohen Milstein’s dedicated assistance line at 855-535-1837 (toll free), Monday through Friday, from 9:00 am to 9:00 pm Eastern Time. Individuals may write to Cohen Milstein at 1100 New York Avenue NW, Suite 500, Washington, DC 20005. Additional information can be found on Cohen Milstein’s website, https://www.cohenmilstein.com/.

Cohen Milstein encourages individuals to remain vigilant against incidents of identity theft and fraud and to review account statements, credit reports, and explanation of benefits forms for suspicious activity and report any suspicious activity immediately to their insurance company, health care provider, or financial institution.

Under U.S. law, a consumer is entitled to one free credit report annually from each of the three major credit reporting bureaus, Equifax, Experian, and TransUnion. To order your free credit report, visit www.annualcreditreport.com or call, toll-free, 1-877-322-8228. You may also directly contact the three major credit reporting bureaus listed below to request a free copy of your credit report.

Consumers have the right to place an initial or extended "fraud alert" on a credit file at no cost. An initial fraud alert is a 1-year alert that is placed on a consumer’s credit file. Upon seeing a fraud alert display on a consumer’s credit file, a business is required to take steps to verify the consumer’s identity before extending new credit. If you are a victim of identity theft, you are entitled to an extended fraud alert, which is a fraud alert lasting seven years. Should you wish to place a fraud alert, please contact any one of the three major credit reporting bureaus listed below.

As an alternative to a fraud alert, consumers have the right to place a "credit freeze" on a credit report, which will prohibit a credit bureau from releasing information in the credit report without the consumer’s express authorization. The credit freeze is designed to prevent credit, loans, and services from being approved in your name without your consent. However, you should be aware that using a credit freeze to take control over who gets access to the personal and financial information in your credit report may delay, interfere with, or prohibit the timely approval of any subsequent request or application you make regarding a new loan, credit, mortgage, or any other account involving the extension of credit. Pursuant to federal law, you cannot be charged to place or lift a credit freeze on your credit report. To request a security freeze, you will need to provide the following information:

  1. Full name (including middle initial as well as Jr., Sr., II, III, etc.);
  2. Social Security number;
  3. Date of birth;
  4. Addresses for the prior two to five years;
  5. Proof of current address, such as a current utility bill or telephone bill;
  6. A legible photocopy of a government-issued identification card (state driver’s license or ID card, etc.); and
  7. A copy of either the police report, investigative report, or complaint to a law enforcement agency concerning identity theft if you are a victim of identity theft.

To place a fraud alert or credit freeze, consumers may contact the three major credit reporting bureaus listed below:

Equifax

Experian

TransUnion

https://www.equifax.com/personal/credit-report-services/

https://www.experian.com/help/ 

https://www.transunion.com/credit-help 

888-298-0045

1-888-397-3742

833-395-6938

Equifax Fraud Alert, P.O. Box 105069
Atlanta, GA 30348-5069

Experian Fraud Alert, P.O. Box
9554, Allen, TX 75013

TransUnion Fraud Alert, P.O. Box
2000, Chester, PA 19016

Equifax Credit Freeze, P.O. Box 105788
Atlanta, GA 30348-5788

Experian Credit Freeze, P.O. Box
9554, Allen, TX 75013

TransUnion Credit Freeze, P.O.
Box 160, Woodlyn, PA 19094

The Federal Trade Commission may be reached at: 600 Pennsylvania Avenue NW, Washington, DC 20580; www.identitytheft.gov; 1-877-ID-THEFT (1-877-438-4338); and TTY: 1-866-653-4261. The Federal Trade Commission also encourages those who discover that their information has been misused to file a complaint with them. Individuals can obtain further information on how to file such a complaint by way of the contact information listed above. Individuals have the right to file a police report if they experience identity theft or fraud. Please note that in order to file a report with law enforcement for identity theft, you will likely need to provide some proof that you have been a victim. Instances of known or suspected identity theft should also be reported to law enforcement and your state Attorney General.

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TD Holdings, Inc. Receives NASDAQ Notice on Late Filing of its Form 10-Q

SHENZHEN, China, May 22, 2021 — TD Holdings, Inc. (Nasdaq: GLG) (the "Company"), a commodities trading service provider in China, today announced that it has received a notice from the NASDAQ Stock Market on May 18, 2021 notifying the Company that, because its Form 10-Q for the period ended March 31, 2021 (the "2021 10-Q") was not filed with the Securities and Exchange Commission by the required due date of May 17, 2021, the Company is therefore not in compliance with the periodic filing requirements for continued listing set forth in NASDAQ Listing Rule 5250(c)(1).

This Notice received has no immediate effect on the listing or trading of the Company’s shares. As previously disclosed on the Company’s Form 8-K and 8-K/A filed on March 29 and March 31, 2021, respectively, the Company’s audit committee, after consultation with the Company’s management concluded, that the Company’s audited financial statements at and for the periods ended March 31, 2020, June 30, 2020, and September 30, 2020 contained in the Company’s Quarterly Reports on Form 10-Q should no longer be relied upon. Nasdaq has provided the Company until June 4, 2021 to submit a plan to regain compliance. The compliance plan is required to provide a summary of the independent investigation into the reasons that led to the Company’s conclusion that the previously filed financials should no longer be relied upon. If Nasdaq accepts the Company’s plan, then Nasdaq may grant the Company up to September 27, 2021, to regain compliance.

The Company expects and intends to submit to NASDAQ the compliance plan by June 4, 2021.

This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.

About TD Holdings, Inc.

TD Holdings, Inc. is a service provider currently engaging in commodity trading business and supply chain service business in China. Its commodities trading business primarily involves purchasing non-ferrous metal product from upstream metal and mineral suppliers and then selling to downstream customers. Its supply chain service business primarily has served as a one-stop commodity supply chain service and digital intelligence supply chain platform integrating upstream and downstream enterprises, warehouses, logistics, information, and futures trading. For more information please visit http://ir.tdglg.com.

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of TD Holdings, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: there is uncertainty about the spread of the COVID-19 virus and the impact it will have on the Company’s operations, the demand for the Company’s products and services, global supply chains and economic activity in general. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For more information, please contact:

Investor Relations:

Dong Cao             
EverGreen Consulting Inc.
Email: IR@changqingconsulting.com

Phone: +86 13502048965

Yalla Group Limited Responds to Short Attack Reports

DUBAI, UAE, May 20, 2021 — Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric social networking and entertainment platform in the Middle East and North Africa (MENA), today announced that it became aware of certain short attack reports that contain numerous errors and distorted, misleading and unsubstantiated claims regarding the Company. The Company firmly denies any allegation or claim suggesting that the Company did not provide true and accurate public disclosure about its business and financial performance. The Company stands firmly by the accuracy and appropriateness of its audited financial statements and other public disclosure filed with the Securities and Exchange Commission and otherwise publicly disclosed to its investors.

The Company believes these short attacks were purposefully designed to manipulate the price of the Company’s shares, with the aim of causing a stock price decline in order to economically benefit the short sellers, to the detriment of the Company’s public shareholders. These short attack reports also illustrated their authors’ lack of understanding of the Company’s business model and the feelings and sentiments of the Company’s user community. Yalla will consider any necessary and appropriate course of action to protect the interest of the Company and all of its shareholders, as well as its users, employees and other stakeholders.

The Company emphasizes that it has always been and will remain committed to maintaining high standards of corporate governance and internal control, as well as transparent and timely disclosure in compliance with the applicable rules and regulations of the Securities and Exchange Commission and the New York Stock Exchange.

About Yalla Group Limited

Yalla Group Limited is the leading voice-centric social networking and entertainment platform in the Middle East and Northern Africa (MENA). The Company’s flagship mobile application, Yalla, is specifically tailored for the people and local cultures of the region and primarily features Yalla rooms, a mirrored online version of the majlis or cafés where people spend their leisure time in casual chats. Voice chats are more suitable to the cultural norms in MENA compared to video chats. The Company strives to maintain users’ equal status on its platform, thereby encouraging all users to freely communicate and interact with each other. The Company also operates Yalla Ludo, a mobile application featuring online versions of board games that are highly popular in MENA, such as Ludo and Domino. In-game real-time chats and Ludo chat room functions are popular social networking features among users. Through close attention to detail and localized appeal that deeply resonates with users, Yalla’s mobile applications deliver a seamless user experience that fosters a loyal sense of belonging, creating a highly devoted and engaged user community.

For more information, please visit: http://ir.yallatech.ae/

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Statements that are not historical facts, including statements about Yalla Group Limited’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Yalla Group Limited’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Yalla Group Limited does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Yalla Group Limited
Investor Relations
Kerry Gao – IR Director
Tel: +86-571-8980-7962
Email: ir@yallatech.ae

The Piacente Group, Inc.
Yang Song
Tel: +86-10-6508-0677
Email: yalla@tpg-ir.com

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
Email: yalla@tpg-ir.com

Related Links :

http://ir.yallatech.ae/

KuCoin Partners With Cashaa to Combat COVID-19 Crisis in India Through Distribution of Daily Supplies

VICTORIA, Seychelles, May 19, 2021 — KuCoin, an IDG-backed crypto exchange, announced today that it has partnered with Cashaa, a blockchain-based financial platform, to jointly initiate charity campaigns to help people cope with the increasingly severe challenges of COVID-19 in India.

Latest statistics show that India’s COVID-19 cases have surpassed 25 million as mutations spread across the globe. What makes things worse is that the virus crisis is pushing up the cost of living as the shortage of daily supplies has been seen in many Indian cities. As part of KuCoin’s charity initiative in India, the crypto platform has pledged ₹2 million worth of food and daily supplies, and these goods will be delivered to the families in need with the help of Unicas, the world’s first crypto bank powered by Cashaa.

KuCoin joins hands with Cashaa to start distribution of food and daily supplies to 2000 families in India
KuCoin joins hands with Cashaa to start distribution of food and daily supplies to 2000 families in India

The first batch of food and daily supplies including wheat, rice, dal and salt has started to be distributed to people in Jaipur, Delhi, and Patna earlier today, and more families will be covered in the following days. It is noticed that each ration kit will be able to feed a family of four for up to two weeks.

"As a global exchange, we pay close attention to the COVID-19 situation as it spreads across the world," said Johnny Lyu, CEO at KuCoin Global. "Knowing its outbreak in India and considering the daily nutritional needs are at the edge for millions of people during the quarantine, as the People’s Exchange, we are pleased to take our responsibility to help local people address these challenges brought by the COVID-19."

As the COVID-19 has continued to deteriorate in India since April, KuCoin launched a charity fund with an initial investment of ₹1 Crore on April 28, 2021. The fund is dedicated to assist local partners and NGOs in providing much-needed support to residents in those cities with insufficient resources to fight against the pandemic.

"Unicas started the initiative #NoOneSleepsHungry to address the root cause of hunger and that it does not become the reason for anyone to suffer amidst the ongoing COVID-19 crisis. With our distribution of 1,000 ration kits with essential food supply, the campaign has positively affected the lives of several people in Jaipur, however it’s not enough," said Dinesh Kukreja, CEO of Unicas. "We are grateful to join hands with KuCoin to facilitate the underprivileged and needy in these dire times and extend this initiative to two other cities and provide support to 2,000 families."

As one of the first crypto trading platforms to enter the Indian market, KuCoin is committed to supporting local blockchain startups, listing promising crypto gems, providing Indian Investors with safe and easy-to-use trading services, as well as contributing to the mass adoption of blockchain. It believes that the technology has the potential to facilitate the free flow of value, upholding the well-being of all people.

As the next step of its charity initiative in India, KuCoin has partnered with Adim Sanskruti, a Pune-based Non-Governmental Organization (NGO), to extend the daily supplies distribution to Pune, the second largest city in Maharashtra in a few days, and it is anticipated that another 750 families will be benefited.

About KuCoin

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 6 million users in 207 countries and regions around the world. In 2018, KuCoin has secured $20 million in Round A funding from IDG Capital and Matrix Partners. For more information, please visit www.kucoin.com

AI Robotics Startup Mech-Mind Completes Series C Funding Led by Tech Giant Meituan

With total funding of over USD100 million, Mech-Mind is pioneering the next frontier of manufacturing through a combination of artificial intelligence and industrial robotics

BEIJING, May 19, 2021 — Fast-growing Chinese AI industrial robotics startup, Mech-Mind Robotics ("Mech-Mind") has recently completed Series C funding led by tech giant Meituan. This latest investment brings Mech-Mind’s total funding to over USD100 million, making Mech-Mind one of the world’s most funded AI+ industrial robotics startups.

The recent investment was led by Chinese tech giant Meituan, with participation from existing investors including Sequoia Capital China and Source Code Capital.


Focused on Robotics-Infrastructure in the AI era, Mech-Mind develops a full suite of products and solutions integrating 3D camera, 3D vision and deep learning algorithms, and motion planning technology. Moving forward, Mech-Mind will leverage extensive technical strength to modernize manufacturing by breathing new life into industrial robotics.

In addition, Mech-Mind also provides comprehensive service including staff training, deployment planning, marketing support, and collaboration on challenging projects.

Tianlan Shao, Mech-Mind Robotics CEO and Founder,says, "Our products are designed to fundamentally reframe the manufacturing pain points by utilizing the practice of AI and human-robotics interaction. Our products and service already create visible business returns for nearly 1000 clients worldwide".

"Mech-Mind has developed a full infrastructure and product portfolio including 3D cameras, machine vision algorithms and software, and an intelligent robot programming environment," says Shao.

"Our products have been widely deployed, enabling us to acquire profound experience from real-life applications. Moving forward, Mech-Mind will focus on empowering robotics solutions providers and integrators to create more solutions and applications."

According to the International Federation of Robotics, the manufacturing industry remains the largest adopter of industrial robotics globally, with significant investments to adopt modern methods.


Recently, Mech-Mind launched the new generation of Mech-Eye Laser Industrial 3D Camera, which utilizes fast structured light to present high-quality 3D imaging for typical industrial applications under demanding light.

Mech-Eye Laser is suitable for factory or processing facilities with competitive price. This camera offers high level of precision, wide field of view, and easy-to-use programming setting.

With a global team of over 350 employees based in Beijing, Shanghai, Shenzhen, Changsha, Qingdao, Munich, and Tokyo, Mech-Mind is committed to help clients pioneer the next frontier of manufacturing and democratize access for AI-defined robotics to small-, mid- and large-sized businesses alike.

For more information, please visit https://en.mech-mind.net/.

About Mech-Mind Robotics

Mech-Mind was founded in 2016 to put intelligence into industrial robots. Through advanced technologies including deep learning, 3D vision, and motion planning, Mech-Mind offers cost-effective solutions to palletizing and depalletizing, bin picking, order sorting, machine tending and assembly/gluing/locating in logistics and manufacturing.

Mech-Mind’s intelligent industrial robot solutions are used in automotive OEM plants, appliance plants, steel plants, food plants, logistics warehouses, banks, and hospitals in countries such as China, Japan, South Korea, Germany, the U.S.

Media Contact:
info@mech-mind.net

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http://www.mech-mind.net

Kasisto Establishes Itself as the Intelligent Digital Assistant Leader for Banking on the African Continent


Kasisto makes key organizational hires within the African market as the firm experiences significant growth and selection of KAI by 3 of the top 5 financial institutions within this important region

NEW YORK and JOHANNESBURG, May 18, 2021 — Kasisto, creators of KAI, the leading digital experience platform for the financial services industry, announced today that 3 of the top 5 financial institutions within the African market; Absa, Nedbank and Standard Bank, have now selected KAI and its conversational AI technology to power their Intelligent Digital Assistant experiences.

This important milestone reflects the growing need for digital assistants across the financial services industry and the accelerated adoption of these experiences on the African continent.

In fact, in a recent McKinsey report, Africa emerged as the world’s second fastest banking market, with the banked population in the region expected to swell by more than 150 million people, from nearly 300 million in recent years to 450 million by 2022 – with demand for digital banking surging.

"Our KAI-powered intelligent digital assistant, Abby, has transformed the ways we engage and service our customers. We have experienced significant digital engagement with our clients and we continue to see an increase in usage month over month," said Johan Viljoen, Head of Channel Design – Africa Regional Office. "Kasisto has become a critical partner in our journey to provide our customers the best digital experience within our banking markets."

With nearly 30 million customers collectively, Absa, Nedbank and Standard Bank are setting the gold standard for digital engagement within the South African banking market and the African continent. By choosing Kasisto’s KAI and newly launched solution, Enlighten; the ultimate intelligent digital assistant solution, to power their digital engagement strategies these banking leaders are redefining the banking digital experience in their operating environments, with banks across the region following suit.

To support the growing demand, Kasisto is establishing a corporate presence in South Africa that will be led by Justin Arnoldi, Managing Director, Africa and Middle East. In addition to this key hire, Byron Wolff will also be joining the Kasisto team as Customer Strategy Manager and will be responsible for leading Kasisto’s customer strategy and success in the region.

"The African banking market is transforming the way digital banking is experienced by customers on the continent. Kasisto has emerged as a leading partner for transformation within the top African banks, including financial institutions in the Middle East. This is an exciting time for both financial organizations and Kasisto in the region, and I am honored and excited to lead Kasisto’s African and Middle East operations and continue our success!" said Justin Arnoldi, Managing Director, Kasisto.

"The need for intelligent digital assistants, especially in areas of the world where banking customers have a "digital first" expectation presents a great growth opportunity for Kasisto. Our early success with Absa has now led us to establishing Kasisto as a leader within Africa," says Zor Gorelov, chief executive officer for Kasisto. "We are establishing an organization on the ground to ensure the ongoing success of our current and new customers and to drive expansion across the entire region."

To learn more about Kasisto, visit:

https://www.kasisto.com/

About Kasisto

Kasisto was founded in 2013 with a mission to humanize digital experiences across the financial services industry.  KAI, our industry leading digital experience platform, is chosen by financial institutions across the globe, such as DBS Bank, J.P. Morgan, Emirates NBD, Standard Chartered, TD Bank, and Manulife Bank among others, for its proven out of the box virtual assistants, and track record to drive business results while improving customer experiences. The platform is engaging with millions of banking customers around the world, all the time, across multiple channels, in different languages, and is optimized for performance, scalability, security, and compliance. KAI is built with the deepest Conversational AI portfolio in the industry.

Contact: PR@kasisto.com

Logo – http://https://mma.prnewswire.com/media/1016640/Kasisto_Logo.jpg

 

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FinVolution Group to Report First Quarter 2021 Financial Results on Tuesday, May 25, 2021

-Earnings Call Scheduled for 8:00 a.m. ET on May 25, 2021

SHANGHAI, May 17, 2021 — FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform in China, today announced that it will report its first quarter 2021 unaudited financial results, on Tuesday, May 25, 2021, before the open of U.S. markets.

The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 25, 2021 (8:00 PM Beijing/Hong Kong time on May 25, 2021).

Dial-in details for the earnings conference call are as follows:

United States (toll free):

1-888-346-8982

Canada (toll free):                     

1-855-669-9657

International:

1-412-902-4272

Hong Kong, China (toll free):

800-905-945

Hong Kong, China:

852-3018-4992

Mainland China:

400-120-1203

Participants should dial-in at least 5 minutes before the scheduled start time and ask to be connected to the call for "FinVolution Group."

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at  https://ir.finvgroup.com.

A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until June 1, 2021, by dialing the following telephone numbers:

United States (toll free):

1-877-344-7529

Canada (toll free):

1-855-669-9658

International:

1-412-317-0088

Replay Access Code:

10156736

About FinVolution Group

FinVolution Group is a leading fintech platform in China connecting underserved individual borrowers with financial institutions. Established in 2007, the Company is a pioneer in China’s online consumer finance industry and has developed innovative technologies and has accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company’s platform, empowered by proprietary cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience. As of December 31, 2020, the Company had over 116.1 million cumulative registered users.

For more information, please visit https://ir.finvgroup.com.

For investor and media inquiries, please contact:

In China:
FinVolution Group
Head of Investor Relations
Jimmy Tan
Tel: +86 (21) 8030 3200-8601
E-mail: ir@xinye.com

The Piacente Group, Inc. Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: finv@tpg-ir.com

In the United States:
The Piacente Group, Inc. Brandi Piacente
Tel: +1-212-481-2050
E-mail: finv@tpg-ir.com

Related Links :

https://ir.finvgroup.com

Cheetah Mobile Inc. Files Its Annual Report on Form 20-F

BEIJING, May 15, 2021 — Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission on May 15, 2021.

The annual report can be accessed on the Company’s investor relations website at http://ir.cmcm.com or the SEC’s website at www.sec.gov.

About Cheetah Mobile Inc.

Cheetah Mobile is a leading internet company. It has attracted hundreds of millions of monthly active users through an array of internet products such as Clean Master, Security Master and several casual games. The Company provides advertising services to advertisers worldwide as well as value-added services including the sale of premium membership and in-app virtual items to its users. Cheetah Mobile is also committed to leveraging its cutting-edge artificial intelligence technologies to power its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014.

Investor Relations Contact
Cheetah Mobile Inc.
Sheryl Zhang
Tel: +86 10 6292 7779
Email: IR@cmcm.com

 

Related Links :

https://www.cmcm.com/

Circle and FTX Announce Global Partnership


World’s Fastest Growing Crypto Exchange Adopts Circle Platform for Payments and USDC Infrastructure, Including Seamless Card Payments Experiences on FTX.com and Blockfolio

BOSTON, May 15, 2021 — Circle, a global financial technology firm that provides payments and treasury infrastructure for internet businesses, today announced it has entered into a global partnership with FTX, the world’s fastest growing crypto exchange.

Under terms of the partnership, FTX has integrated Circle APIs and launched USD Coin (USDC) payments support across its FTX and Blockfolio services. Building on Circle API Services allows FTX to tightly control their customer experience while enabling payments and payout rails through ACH, international wire transfers and credit and debit cards.

FTX and Blockfolio customers can now fund their dollar balances with instant access for trading using credit and debit cards in nearly 200 countries, with funds instantly settling in USDC. With seamless ‘fiat-to-USDC’ experiences, customers can also easily transfer USDC on Ethereum, but also on Solana, a rapidly growing 3rd generation blockchain, enabling on-chain USDC transactions in seconds with no transaction cost.

"Circle has been a pioneer in making fiat work on blockchains for nearly eight years and has built deep capabilities to ease payments in crypto," said Sam Bankman-Fried, Co-Founder CEO of FTX. "Circle is moving with incredible speed. FTX is one of the fastest growing crypto exchanges in the world. With Circle, we’ve found a very strong partner to build with."

"FTX continues to impress the world with blazing fast execution and innovation, making it among the most formidable companies in the global crypto ecosystem," said Jeremy Allaire, CEO and Co-Founder of Circle. "With our latest collaboration, we’re continuing to pioneer customer experience for payments and crypto trading, and we are thrilled to continue to build together with Sam and the FTX team."

USDC has continued to experience tremendous growth, becoming the fastest-growing regulated dollar digital currency in the world. USDC in circulation has grown from just over 400 million in early 2020 to over 15 billion today. USDC adoption has expanded across trading, payments, savings, lending and other use cases in blockchain finance. Today, thousands of companies in the blockchain ecosystem have integrated support for USDC in their products and services.

About Circle
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle’s platform has supported more than 100 million transactions by more than 10 million retail customers and more than 1,000 businesses. Circle is also a principal developer of USD Coin (USDC), which together with Coinbase and the Centre Consortium oversees the standards and protocol for what has become the fastest growing, regulated, fully reserved dollar digital currency. USDC now stands at more than $15 billion and has supported over $500B in transactions over the past year. Today, Circle’s transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through programmable internet commerce. Learn more at https://circle.com

 

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E-Home Household Service Holdings Limited Announces Pricing of Initial Public Offering

FUZHOU, China, May 14, 2021 — E-Home Household Service Holdings Limited (the "Company"), a household service company based in Fuzhou, China, today announced the pricing of its initial public offering ("Offering") of 5,555,556 ordinary shares at a public offering price of US$4.5 per share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading today, May 14, 2021 under the ticker symbol "EJH".

The Company expects to receive aggregate gross proceeds of US$25 million from this Offering, before deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 666,667 ordinary shares at the public offering price. The Offering is expected to close on or about May 18, 2021, subject to the satisfaction of customary closing conditions.

Proceeds from the Offering will be used for investment in product development, sales and marketing activities, and technology infrastructure; improvement of corporate facilities and other general and administrative matters; acquisition of, or investment in, technologies, solutions or businesses that complement our business; and general corporate purposes.

The Offering is being conducted on a firm commitment basis. Joseph Stone Capital, LLC is acting as the lead underwriter for the Offering. Bevilacqua PLLC is acting as counsel to the Company, and Davidoff Hutcher & Citron LLP is acting as counsel to Joseph Stone Capital, LLC in connection with the Offering.

A post-effective amendment to the registration statement on Form F-1 relating to the Offering was filed with the Securities and Exchange Commission ("SEC") (File Number: 333-233468) and was declared effective by the SEC on May 4, 2021. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from Joseph Stone Capital, LLC, by email at ccao@josephstonecapital.com, by calling +1 888-425-7593 or standard mail to Joseph Stone Capital, LLC, 42 Broadway, Suite 301, New York, NY 10004, USA. In addition, a copy of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s 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 such state or jurisdiction.

About E-Home Household Service Holdings Limited

E-Home Household Service Holdings Limited is a household service company based in Fuzhou, China. The Company provides integrated household services through its website and WeChat platform "e家快服", primarily including home appliance services and housekeeping services. For more information, visit the Company’s website at http://www.ej111.com/ir.html.

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company’s proposed Offering. Specifically, the Company’s statements regarding trading on the NASDAQ Capital Market and closing the Offering are forward-looking statements. 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, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. 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 review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

For more information, please contact:

Sherry Zheng
Weitian Group LLC
Phone: 718-213-7386
Email: shunyu.zheng@weitian-ir.com