Tag Archives: HEA

Entrepreneurship flourishes amid pandemic; Antler receives over 1500 applications for COVID-19 call

SINGAPORE, April 20, 2020 /PRNewswire/ — Global early-stage VC Antler has received over 1500 applications from 100 countries in barely two weeks since it launched its COVID-19 call to startups. Startups applied for funding with various solutions to tackle the current pandemic.  Antler is currently shortlisting and interviewing the teams and plans to invest in up to 5 teams and deploy up to US$500,000 in aggregate. 

Entrepreneurship flourishes amid pandemic; Antler receives over 1500 applications for COVID-19 call
Entrepreneurship flourishes amid pandemic; Antler receives over 1500 applications for COVID-19 call

Examples include drone delivered test kits for remote villages, patient monitoring systems, antiviral surface coating and manufacturers pivoting production to products currently needed. The response has been overwhelmingly positive from both new startups and existing businesses adapting their existing products and operations.

“Our approach for selection has been different compared to our usual Antler program. Due to the speed at which the solution needs to be implemented and put into action, we are selecting only existing teams and startups that already have a minimum viable product or a pilot project to show,” said Jussi Salovaara, co-founder and Managing Partner of Antler. 

Antler invited startups to propose solutions in Mitigation (e.g. masks, contact tracing, surveillance, data infrastructure), Medical Equipment (e.g. test kits, protective devices, ventilators), Remote Health (e.g. telehealth, remote patient monitoring, symptom checkers) and Digital Tools (e.g. remote work, smart delivery, e-learning). The purpose is to contribute towards the path to recovery from the crisis. 

“From the breadth of applications received,  we are seeing a coronavirus-induced acceleration of a digital-first mindset across many traditional industries, where entrepreneurs understand that COVID-19 will permanently change the landscape of our lives and are planning for the needs of a post-COVID society,” added Salovaara.

The Investment criteria will take into account the relevance towards mitigating COVID-19, as well as how the startup works in a post-COVID-19 era. 

Companies receiving the investment will receive access to Antler’s global network of entrepreneurs, investors and industry experts, as well as coaching by Antler’s leadership. Antler will help startups get their solutions off the ground and make them accessible to those who need them as quickly as possible. Given the overwhelming response, Antler is continuing to accept select applications on a rolling basis. 

About Antler 

Founded in Singapore in 2017, Antler (www.antler.co) is a global early-stage VC helping to build the next big wave of tech. With the mission to turn exceptional individuals into great founders, Antler aims to create hundreds of companies globally. They select the world’s most exceptional and determined people, help them find the right co-founder and connect them to a top tier network of advisors and experts worldwide. Antler breaks the barriers to entrepreneurship by providing funding from day one and building strong teams from the ground up while enabling founders to rapidly launch and scale their ideas. Antler has 8 locations globally- Singapore, London, New York, Amsterdam, Stockholm, Sydney, Nairobi, and Oslo.

At Antler, we feel passionate about helping to map out the path to recovery for the global tech startup ecosystem during and following the COVID-19 pandemic. As such, we have launched a few other initiatives to empower and support entrepreneurs. Read our ‘finding the upside’ series on Medium, join one of our online events or listen to our podcast.

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Charoen Pokphand Group Launches Surgical Mask Factory along with Multi-Pronged Initiatives against COVID-19

  • Production starts today at surgical mask factory in Bangkok, producing 100,000 masks per day
  • Pledged to save jobs across the Group, along with medical, food and education support for employees
  • Donated USD 29.14 Million in Thailand to tackle COVID-19

BANGKOK, April 17, 2020 /PRNewswire/ — To tackle the COVID-19 pandemic, Charoen Pokphand Group (C.P. Group) announces a series of measures focused on supporting its employees, consumers, and the local community, especially healthcare workers. The multi-pronged initiatives include building a surgical mask factory to provide essential medical supplies, preserving jobs across the Group, delivering food and essential supplies to frontline healthcare workers and enhancing digital infrastructure to enable more efficient e-learning and remote working. To date, the Group has contributed donations worldwide to tackle COVID-19, with donations to Thailand totaling USD 29.14 Million, including for the procurement of medical supplies and protective equipment for hospitals.

The Group’s initiatives include the following key areas in Thailand:

  • Launched Surgical Mask Factory: C.P. Group invested USD 3 million (100 million baht) to build a factory just outside Bangkok to produce medical-grade surgical masks in Thailand. The factory was built in 5 weeks during COVID-19 and has obtained regulatory approval from Thai authorities to start producing surgical masks today, with production reaching 100,000 masks per day which totals to 3 million masks per month. The masks will be donated for free to medical professionals and healthcare workers throughout Thailand’s hospitals. When the COVID-19 crisis subsides, the ownership of the factory will be transferred to one of Bangkok’s public hospitals.
  • Support to employees: Mr. Suphachai Chearavanont, the CEO of C.P. Group announced on April 8th, 2020 to staff that the Group is committed to not making layoffs as a result of COVID-19 across the Group worldwide, and will work together with its subsidiaries in accordance with local laws and regulations. In addition, the Group will cover medical expenses to treat COVID-19, provide education loans for their employees’ children, and provide food to quarantined employees who are negatively impacted by COVID-19 in Thailand. The Group also announced plans to create new jobs, including hiring 20,000 new employees for food delivery services across Thailand.
  • Free delivery of food and essentials supplies to hospitals: In response to COVID-19, Charoen Pokphand Foods Public Company Limited (CPF) has provided free food delivery to 88 hospitals across Thailand. To cope with rising demand for food supply throughout Thailand, CPF has increased production capacity of certain essential food such as eggs and will ensure sufficient supplies without an increase in food prices.
  • Upgrade digital infrastructure for remote working and e-learning: C.P. Group’s telecommunications arm, True Corporation Public Company Limited (True Corporation), tripled domestic and international bandwidth capacity to provide customers with enhanced services on digital platforms for e-learning, remote working and e-payment services. To provide digital solutions that help with social distancing, True Corporation has offered free access to a cloud-based integrated solutions platform – “True Virtual World”- that was developed in less than a month during COVID-19 to support work from home arrangements and e-learning for students. True Corporation, in collaboration with CPF, is also providing free mobile phone SIM cards to suspected COVID-19 patients who register to receive free food delivery from CPF. In addition, through the Digital Council of Thailand (DCT), of which C.P. Group’s CEO Suphachai Chearavanont is President, True Corporation announced that they will work alongside other Council members to launch digital platforms and applications to help source medical supply donations as well as track, trace and contain the spread of COVID-19.

Mr. Suphachai Chearavanont, CEO of Charoen Pokphand Group, said, “During these dark times, we must unite and tackle COVID-19 together. Critical to our fight against this pandemic is to make sure our frontline medical workers have the essential medical equipment they need, and surgical masks are critical for them at this time. At this moment, we are also very focused on keeping people employed and do what we can to help our employees and their families, our customers and our local communities. With the mask factory now open along with all our other COVID-19 initiatives, we are using the best of our capability throughout the areas and sectors our Group operates in to contribute to the fight against COVID-19. Our Group was founded on the Three-Benefit Principle, which places the countries and communities in which we operate as well as our people before the company’s interest. This remains central to everything that we do, especially during difficult and challenging times.”

Mr. Soopakij Chearavanont, Chairman of Charoen Pokphand Group, said, “We are committed to fighting the COVID-19 pandemic alongside Thailand until the very end. We strongly believe that through the global partnerships we have with our network of suppliers and most importantly employees, we can pool together skills and resources as we continue our joint efforts to tackle COVID-19. We recognize that this is a challenging time for us all, and as a Group, we want to make sure we are doing everything we can to help our local communities and to support all our stakeholders. This is the right thing to do at this time and I believe by working together, we can get through this unprecedented challenge that COVID-19 has presented to all of us both locally and globally.”

Suphachai Chearavanont (center), CEO of C.P. Group, visiting the production line inside the surgical face mask factory
Suphachai Chearavanont (center), CEO of C.P. Group, visiting the production line inside the surgical face mask factory
C.P. Group Senior Chairman Dhanin Chearavanont (sixth from left), Chairman Soopakij Chearavanont (fourth from left), and CEO Suphachai Chearavanont (third from left), handed 100,000 masks to the Chulalongkorn Hospital, Thai Red Cross
C.P. Group Senior Chairman Dhanin Chearavanont (sixth from left), Chairman Soopakij Chearavanont (fourth from left), and CEO Suphachai Chearavanont (third from left), handed 100,000 masks to the Chulalongkorn Hospital, Thai Red Cross

About Charoen Pokphand Group:

The Charoen Pokphand Group (C.P. Group) is a leading Thai multi-national conglomerate that operates 3 core businesses in agro-industry and food, marketing and distribution, and telecommunications. C.P. Group invests in 21 countries with over 200 companies and 300,000 employees located around the world. The organization operates under the ‘3-Benefits’ principle of ‘Benefiting the Country, the Society and then the Company’ where ever we operate, thereby enabling C.P. Group to play a role in the development of Thailand’s economic and social development as well as all countries we have invested in. Since September 2017, three of C.P. Group’s listed businesses have been admitted to the Dow Jones Sustainability Index (DJSI) Emerging Markets, signalling C.P. Group’s long-term commitment to ensuring a sustainable future.

For more information, please visit: www.cpgroupglobal.com/en/

Photo – https://photos.prnasia.com/prnh/20200417/2779767-1-a?lang=0
Photo – https://photos.prnasia.com/prnh/20200417/2779767-1-b?lang=0

111 Files Annual Report on Form 20-F for Fiscal Year Ended 2019

SHANGHAI, April 17, 2020 /PRNewswire/ — 111, Inc. (“111” or the “Company”) (Nasdaq: YI), a leading integrated online and offline healthcare platform in China, today announced it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the United States Securities and Exchange Commission (“SEC”) on April 16, 2020.

The annual report is available on the Company’s investor relations website at http://ir.111.com.cn/ as well as the SEC’s website at http://www.sec.gov.

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 3-5/F, No. 295 ZuChongZhi Road, Pudong New Area, Shanghai, 201203, The People’s Republic of China.

About 111, Inc.

111, Inc. (NASDAQ: YI) (“111” or the “Company”) is a leading integrated online and offline healthcare platform in China. The Company provides hundreds of millions of consumers with better access to pharmaceutical products and healthcare services directly through its online retail pharmacy and indirectly through its offline pharmacy network. 111 also offers online healthcare services through its internet hospital, 1 Clinic, which provides consumers with cost-effective and convenient online consultation and electronic prescription services. In addition to providing direct services to consumers through its online retail pharmacy, 111 also enables offline pharmacies to better serve their customers. The Company’s online wholesale pharmacy, 1 Drug Mall, serves as a one-stop shop for pharmacies to source a vast selection of pharmaceutical products. The Company’s new retail platform, by integrating the front and back ends of the pharmaceutical supply chain, has formed a smart supply chain, which transforms the flow of pharmaceutical products to pharmacies and modernizes how they serve their customers.

For more information on 111, please visit ir@111.com.cn

For more information, please contact:

111, Inc
IR Director
Ms. Monica Mu
ir@111.com.cn

Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com

In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

Cision View original content:http://www.prnewswire.com/news-releases/111-files-annual-report-on-form-20-f-for-fiscal-year-ended-2019-301042591.html

Source: 111, Inc.