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PR Newswire

Atome Financial finalises acquisition of financing company amid rapid business expansion in Indonesia

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JAKARTA, Indonesia, March 31, 2021 — Atome Financial has completed its acquisition of local financing company PT Mega Finadana Finance in Indonesia. The acquisition will allow Atome Financial to expand its business in Indonesia through especially consumer financing. Following the acquisition, PT Mega Finadana Finance changed its name to PT Atome Finance Indonesia.

"The acquisition of this licence is testament to our commitment to growing our Indonesia business, and will allow us to better serve our partners and consumers through a range of tailored financing and lending options," said Atome Financial Indonesia CEO Wawan Salum, who explained the strategy to get a licence as a financing company will facilitate expansion across business lines.

"As a group, Atome Financial has emerged from COVID-19 pandemic strongly and is now in a unique position to rapidly expand our services in Indonesia and accelerate financial inclusion among underbanked and underserved segments of the population. Since 2017, Atome Financial has partnered some of the world’s most respected financial institutions who provide over $200 million in funding and credit facilities to propel financial inclusion. Cumulatively, we have served over 5 million users and provided over USD 1 billion of credit to empower merchants and consumers. This licence will not only accelerate our rapid business expansion, but also contributes to a stronger and healthier national lending and financing ecosystem in Indonesia," he added. 

Atome Financial consists of two main business units, Atome and Kredit Pintar. Atome partners some of Indonesia’s largest retailers and e–commerce platforms such as MAP Group (which includes Sephora, Zara, Mango, Pull&Bear, Marks & Spencer, Food Hall and more), JD.ID and iStyle to offer installment payment options with 0% interest over 3 or 6 months across fashion, beauty, lifestyle and health and fitness categories during the checkout transaction. Meanwhile, Kredit Pintar is among Indonesia’s top digital lending apps licensed by OJK, with over 10 million mobile app downloads and a 4.8-star rating on Google Play Store. It was also recently awarded Top Brand Award 2021 by Frontier Group and Majalah Marketing.

Atome Financial’s media kit can be found here.

About Atome Financial

Founded in 2017, Atome Financial is a leading tech company working to break down barriers of traditional banking and promote financial inclusivity through artificial intelligence technology. It consists of two main business lines: Atome, which partners merchant retailers to offer "buy now pay later" options during checkout and is available in Singapore, Indonesia, Malaysia, Hong Kong, Thailand, Vietnam and mainland China, and Kredit Pintar, one of Indonesia’s top digital lending apps licensed by OJK. In 2019, Atome Financial was named the most trusted technology company in digital payment by the Indonesia Quality Award committee. Atome Financial is headquartered in Singapore with additional offices in Indonesia and China.

Media Contact:

Michael de Waal Montgomery
michael@ellerton.sg

PR Newswire

Kingdee International Announces 2020 Annual Results

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Cloud Business Revenue Grew by 45.6%

HONG KONG, March 25, 2021 — Kingdee International Software Group Company Limited ("Kingdee International", "Kingdee" or the "Company", together with its subsidiaries, the "Group"; stock code: 0268.HK) today announced its annual results for the year ended 31 December 2020 (the "Reporting Period"). The Group continued to promote its business transformation strategy by focusing on the development and promotion of subscription cloud products. During the Reporting Period, the Group’s Kingdee Cloud business increased by 45.6% year-on-year, accounting for 57% of the total revenue. Due to the strong growth of the subscription-based cloud services, contract liabilities related to subscription services increased by 95.7% year-on-year, Kingdee Cloud’s subscription ARR (annual recurring revenue) was amounted approximately RMB1.0 billion, representing an increase of 58% year-on-year.

During the Reporting Period, the Group recorded a turnover of approximately RMB3,356 million, representing a year-on-year growth of 0.9%, while revenue from enterprise resource planning (ERP) business decreased by 28.2% year-on-year. The Group’s cloud services business maintained a high growth rate through the execution of its cloud strategy and transformation, with revenue from the cloud services business reaching RMB1,912 million in 2020, representing a year-on-year growth of 45.6%. Loss attributable to equity holders of the Company for the period was approximately RMB335 million, due to the Group’s vigorous implementation of its cloud subscription model transformation strategy, the proactive cessation of sales of some ERP software license products and increased investment in the research and development of cloud products such as Cosmic.

Kingdee International has consistently been honoured by respected global research institutions during the year. According to IDC’s research, Kingdee has grasped the biggest share in the enterprise-grade ERM SaaS (Cloud ERP) and financial SaaS Cloud services industry in China for the forth year, and has retained the largest share in the enterprise application software sector for fast-growing Chinese enterprises for 16 consecutive years. Kingdee has become the only SaaS company in China which received the 2020 IDC Global SaaS Customer Satisfaction Award, ranking No. 1 in the ERP SaaS Customer Satisfaction. The company was also included in the Hang Seng Indexes Co., Ltd.’s newly established Hang Seng Technology Index as a Top-10 constituent stock (launched on July 27, 2020).

Kingdee Cloud Cosmic strengthened R&D, focused on the self-developed technology innovation to occupy the high-end market of large enterprises

Moving into the EBC era, large enterprises have laid out new requirements for digitalisation platform and industrial internet platform. As the first cloud-native architecture platform in China with the core objective of enabling EBC’s five capabilities, Kingdee Cloud Cosmic has gained the attention of many large enterprises. As at the end of 2020, Kingdee Cloud Cosmic officially released the version V3.0, which continued to accelerate the application research and development, strengthened the technical advantages, and made important upgrades to the platform structure, while also focusing on optimising the system openness.

During the Reporting Period, Kingdee Cloud Cosmic’s revenue recorded approximately RMB190 million, representing a year-on-year increase of 220%. Contracted customers was 367 in 2020, including central enterprises and large state-owned enterprises such as State Power Investment Corporation, China Merchants Group, China Tobacco Yunnan, Hisense, HBIS Digital, Zhejiang Communications Investment and PowerChina Real Estate; also including well-known large enterprises such as HUAWEI, HAECO Xiamen, Kerry Logistics, DIT, and Rongan property. Cosmic has supported industry leaders to achieve improving efficiency and localized innovation out of the digital transformation and business innovation.

Kingdee Cloud Galaxy deepened industry digital intelligence empowerment, becoming a star product for medium-sized enterprises

Kingdee Cloud Galaxy provided comprehensive solutions for the close-loop of enterprise value chain, including Omni-channel Marketing Cloud, Smart Accounting Cloud, Smart Manufacturing Cloud, Smart Supply Chain Cloud, PLM R&D Cloud, etc., and innovated in remote customer engagement and marketing and upgraded online implementation platform, realized the quick launch of subscription products which efficiently helped enterprises restructure digital enterprise capability, using digital empowerment to accelerate transformation and upgrade of enterprises.

During the Reporting Period, Kingdee Cloud Galaxy continued to grow steadily, achieving a revenue of approximately RMB1,141 million, representing a year-on-year increase of over 31.4%, dollar retention rate remained above 86% and accumulated over 17,200 customers, including Huawei Marine, iFlytek, MEGVII, Yanjin Shop Food, Seamild Foods, Yuan Qi Sen Lin, RLX Technology, CYG SUNRI and other well-known enterprise customers. Galaxy has become the choice of many new economy enterprises and industry unicorns, to realize innovation and high growth.

Kingdee Cloud Stellar focused on the integrated solution of operation + management to build a service platform for the growth of small and micro enterprises

During the Reporting Period, Kingdee released Kingdee Cloud Stellar, a new service platform for smart growth of small and micro enterprises based on the Cosmic platform, which focused on online operation and digital management of small enterprises, empowered enterprises with the three characteristics of "new accounting & taxation, new marketing and new business model". It provides SaaS services such as Finance Cloud, Tax Cloud, Purchase, Sale & Inventory Cloud and Ordering Mall, etc., and supported small enterprises to quickly restore production after the pandemic, customer acquisitions and expansion of revenue sources, intelligent management and real-time decision-making. In addition, Kingdee Jingdou Cloud achieved a 62.4% growth in subscription revenue, with over 160,000 cumulative customers and dollar retention rate of approximately 76%.

Multi-field cloud deployment, deep cultivation in industry with best practice

During the Reporting Period, EAS Cloud focused on upgrading tax control in the digital age, integrating business and finance, improving efficiency through data intelligence, and promoting cloud migration for existing customers. Kingdee Guanyi Cloud released the Cosmic e-commerce cloud version. Cloud-Hub quickly launched solutions such as "Health Check-In" and audio and video conferencing. Kingdee Finance has successively won awards such as recommended products by the Bureau of Small and Medium-sized Enterprises of the MIIT of China. Wojia Cloud service project has covered 165 cities across the country, and newly signed with the top 100 properties such as Lushang, Shenzhen Science Park and Logan Property.

Outlook

"Kingdee will continue to execute the cloud subscription transformation strategy, adhering to the philosophy of ‘customer-centric, hardworking as foundation and long-term professionalism’, and creating a new Kingdee with the subscription business model in the next three years." Mr. Xu Shaochun, Chairman of the Board and CEO of Kingdee International Software Group Company Limited, said, "In 2021, Kingdee will be more ambitious and more powerful to help every enterprise customer grow through challenges and strengthen themselves in adversity to enable enterprise business capability in the future."

About Kingdee International Software Group Company Limited

Kingdee International Software Group Company Limited ("Kingdee International" or "Kingdee") was established in 1993. It is listed on the Main Board of the Hong Kong Stock Exchange (stock code: 0268.HK) and headquartered in Shenzhen, the PRC. Adhering to the core values of "Acting in all Conscience, with Integrity and Righteousness", the Company is committed to helping businesses achieve their growth targets and let the sun shine on every company through dedicated services. It strives to provide them with the most trusted enterprise service platform.

Through persistent efforts to explore China’s Cloud enterprise service market, Kingdee has retained the largest share in the enterprise application software sector for fast-growing enterprises for 16 consecutive years, and has grasped the biggest share in the enterprise-grade SaaS Cloud services industry for the 4 years. Kingdee is currently the only SaaS cloud service provider of Chinese enterprises selected into Gartner’s global market guide, and has become the only Chinese SaaS company winning the 2020 IDC SaaS Customer Satisfaction Award.

In addition, Kingdee’s diverse Cloud services and products are the preferred choices of leading enterprises. They include "Kingdee Cloud Cosmic" (digitalization and ecosystem platform for large enterprises), "Kingdee Cloud Galaxy" (intelligent growth service platform for medium-sized enterprises), "Kingdee Cloud Stellar" (intelligent growth service platform for micro and small-sized enterprises), "Cloud-Hub" (intelligent Cloud office), "Guanyi Cloud" (Cloud services for E-commerce operators), "Cargeer" (Cloud services for auto dealers) and "Wojia Cloud"(Cloud services for Property Industry). With its strengths in management software and Cloud services, Kingdee provides services and products to more than 6.8 million enterprises, government agencies and other organizations around the world.

For further information, please contact:

Wonderful Sky Financial Group Ltd.

Cecilia Ip / Jing Fang

Tel: (852) 3641 1317 / (852) 3970 2172

Email: kingdee@wsfg.hk

 

PR Newswire

Valtrix and Codasip Cooperate on Verification of RISC-V Systems

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BANGALORE, India and MUNICH, March 24, 2021 — Valtrix Systems, the provider of design verification products for building functionally correct CPU and system-on-chip implementations, and Codasip, the leading supplier of customizable RISC-V® embedded processor IP, announced today that they are cooperating on the verification of RISC-V-based systems.

The cooperation is based on applying the Valtrix STING product to add to Codasip’s extensive methodologies for processor verification. STING’s design verification capabilities are perfectly suited to verify processors, given its ability to generate portable self-checking stimulus across multiple device-under-test environments and to allow users to exercise architectural and micro-architectural features using its test stimulus programming framework.

"Complex CPU and SoC implementations require thorough verification before the products are released to the end user," said Shubhodeep Roy Choudhury, Valtrix CEO. "STING provides a powerful and well-proven design verification methodology for testing the architectural compliance and functional correctness of RISC-V features and extensions. We are very proud to partner with Codasip and support their engineering teams with STING for their verification needs."

"Codasip practices rigorous verification in order to ensure the quality of its processor IP products," said Philippe Luc, Director of Verification at Codasip. "Codasip has always used multiple approaches in its verification strategy, and engaging with Valtrix and using the STING tools gives another complementary source of processor stimuli. STING produces tests in a unique way on the market and can help uncover bugs before the release of our products."

Codasip uses the combination of Codasip Studio, in-house tools, and third-party tools for processor verification. For example, processors are verified at the component level using dedicated random pattern generation and directed tests. At top level, architecture tests are used on top of in-house program generators. Consistency checkers ensure identical execution between the golden reference and the RTL. Formal techniques are also employed to ensure quality. Using the Valtrix STING product in this cooperation adds another level of testing to Codasip’s RISC-V processors.

About Valtrix’s STING Design Verification Tool

STING is a design verification platform for RISC-V-based implementations. It can be configured to generate portable bare-metal programs containing self-checking architecturally correct test stimulus, which can then be enabled on simulation, FPGA prototypes, emulation, or silicon. For more information on Valtrix’s design verification technology and products, visit www.valtrix.in.

About Codasip

Codasip delivers leading-edge RISC-V processor IP and high-level processor design tools, providing IC designers with all the advantages of the RISC-V open ISA, along with the unique ability to customize the processor IP. As a founding member of the RISC-V Foundation and a long-term supplier of LLVM and GNU-based processor solutions, Codasip is committed to open standards for embedded and application processors. Formed in 2014 and headquartered in Munich, Germany, Codasip currently has R&D centers in Europe and sales representatives worldwide. For more information about our products and services, visit www.codasip.com. For more information about RISC-V, visit www.riscv.org.

Media Contacts:

Shubhodeep Roy Choudhury, CEO, Valtrix
E-mail: deepsrc@valtrix.in

Roddy Urquhart, Senior Marketing Director, Codasip
E-mail: rurquhart@codasip.com

Related Links :

http://valtrix.in

PR Newswire

14th Five-Year Plan: How China guides development with five-year plans

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BEIJING, March 13, 2021 — A news report by China.org.cn on the China’s 14th Five-Year Plan for National Economic and Social Development and the Long-Range Objectives Through the Year 2035:

 

At the fourth session of the 13th National People’s Congress (NPC), the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 was approved. The plan clearly states that during the 14th Five-Year Plan period, China will accelerate the establishment of a new development pattern of "dual circulation," where domestic and foreign markets can boost each other, with the domestic market as the mainstay, and start a new journey of building a modern socialist country with a new development concept.

China’s five-year plans are a series of social and economic development initiatives issued since the 1950s, which map strategies, put forward targets and set corresponding policy-making directions. They are an important way in which the Communist Party of China (CPC) governs the country.

In 1953, China drew up its first five-year plan when the country needed to build its capacity from scratch. The 1st Five-Year Plan (1953-1957) set out the basic task of laying the foundations of China’s industrialization and completing its socialist transformation. During that period, China successfully produced its first car, its first jet aircraft and the Wuhan Yangtze River Bridge. By the end of 1957, China’s total industrial output had increased by 128.6% compared with 1952.

In 1986, China drew up the 7th Five-Year Plan (1986-1990). This plan, devised after the reform and opening-up of China, included for the first time sections on "expanding external economic and technological exchanges" and "investment structure and policy," and also placed the development of science and education in important strategic positions. During the 7th Five-Year Plan period, China’s economic system underwent major changes, with the Shanghai Stock Exchange starting operations in December 1990.

In the last five years (2016-2020) of building a moderately prosperous society in all respects, the 13th Five-Year Plan highlighted "innovation" and "reform." It also set out key tasks including targeted poverty alleviation, construction of the Belt and Road Initiative, integration of Hong Kong and Macao into overall national development, and strengthened the crackdown on corruption. By the end of 2020, China’s GDP exceeded the threshold of 100 trillion yuan ($15.42 trillion). Meanwhile, the Fuxing bullet trains, Hong Kong-Zhuhai-Macao Bridge, C919 airplane, Chang’e-4 spacecraft, Beidou Navigation System and other achievements have become new icons of China.

China’s five-year plans can be said to have charted the path of national economic and social development, and recorded the entire process of the country’s growth.

From the 1st to 14th Five-Year Plan, China has been marching toward the same goal, that is, to achieve modernization. The consistency of targets, long-term decisions, stability and continuity of guidelines are distinguishing features of China’s governance system.

Now, the new 14th Five-Year Plan and the Long-Range Objectives Through the Year 2035 will lead the Chinese people toward building a great modern socialist country with a brighter future.

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

14th Five-Year Plan: How China guides development with five-year plans
http://www.china.org.cn/video/2021-03/11/content_77299352.htm

PR Newswire

Singapore-based Thor Group achieves positive earnings for both Q4 2020 and Q1 2021 with unique two-pronged business model

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Thor Group emerges as a new dark horse in entertainment sector in Asia Pacific.

SINGAPORE, March 12, 2021 — Thor Group growing prominence in SEA and South Asia’s entertainment sector has yielded the two-year-old firm positive earnings for both the fourth quarter of 2020 and the first quarter of 2021. The company says it owes the success to its innovative business model combining scenario-based consumption and merchandising operations by precisely targeting consumers based on their scenario-specific consumption habits.

Thor’s product lines span three sectors that are going through a substantial amount of transformation in the Southeast and South Asian markets: gaming, finance and e-commerce. In 2020, the company experienced accelerated growth and expanded into a number of emerging markets, including Bangladesh, Egypt, India, Pakistan, the Philippines, Thailand and Vietnam, by providing consumers there with products that meet their evolving expectations. The approach served to deliver profits over the past two quarters.

Thor Group has built its success on its outstanding assets, including the founding team, whose members have each made significant contributions to company growth. The multinational founding team includes members from France, Hong Kong, India, mainland China and Taiwan. The operations and R&D units bring together young professionals from around the world who have extensive experience in global business operations and have previously held positions at numerous listed international firms encompassing a wide array of sectors across the internet, social and gaming spheres. Thor is backed by Blackfish Technology, a leading membership-based e-commerce platform with broad experience in online shopping. Notably, at an early stage of development, Blackfish Technology had received USD 100 million in investment from a number of established institutional investors, among them, Lightspeed Venture Partners, Lightspeed China Partners, Rakuten Ventures, 5Y Capital (formerly known as Morningside Venture Capital), JAFCO Asia, Gobi Partners, China Growth Capital and Axpfund.com.

Company head Frank Lee said, "Thor Group, headquartered in Singapore and incubated by Blackfish’s management team and investors, attributes its success to the founding team who had created a new business model and increased the company’s revenue sources by expanding its channels and user base through capitalizing on the market trends in the mobile internet era. With a growing team of professionals and the continuous improvement in the industry chain over the past few years, the firm plans to roll out a cross-border ecommerce platform targeting European users in the second quarter of 2021. This is in line with the company’s long-term development strategy and also represents a strategic change that it has made to embrace the new consumption trends in international markets."

Looking forward, Thor Group seeks to create a diversified global brand incubation center by leveraging its two-pronged business model: scenario-based consumption and merchandising operations, coupled with its key competitiveness in international finance, technology, gaming and e-commerce, with the aim of further enhancing its international competitiveness.  

PR Newswire

Intelligent Collaboration Promotes Digital Upgrading, H3C Launches Channel Kickoff 2021 in Turkey

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ISTANBUL, Turkey, March 12, 2021 — The H3C Channel Kickoff 2021 was launched in Turkey on March 10 as the fourth leg of the annual virtual event. With the theme of "Moving your business forward", H3C Channel Kickoff 2021 encourages global partners to embrace new challenges and seize opportunities alike, to create more business value with H3C in the new year. Hundreds of local partners and industrial representatives invited to join the event.

With its strategically advantageous location connecting Europe and Asia, Turkey plays an important role in international commerce and trade. In addition, despite the challenges of COVID-19, Turkey was one of the few major economies to maintain economic growth in 2020. The Turkish government greatly support businesses in their move toward digital transformation, thus preparing the economy for further digitalization. They also attaches great importance to the training of technical talents. H3C has been committed to recruiting digital talents and promoting the local digital ecosystem since entering the Turkish market.

H3C will increase its support for overseas partners through continuous optimization of the EcoPartnership policy, further in collaboration with local partners to create scenario-based digital solutions that focus on customers’ core business needs to unleash the true value of digital transformation and move their business forward.
H3C will increase its support for overseas partners through continuous optimization of the EcoPartnership policy, further in collaboration with local partners to create scenario-based digital solutions that focus on customers’ core business needs to unleash the true value of digital transformation and move their business forward.

"Turkey is one of the world’s fastest-growing emerging economies in recent years, and it is also one of the key markets for H3C. Various industries in Turkey have a pressing need for digital transformation and upgrading," said Richard Xie, Vice President of International Business at H3C. "Leveraging deep insights into the market catering to customers’ needs, we are striving to providing local businesses a full range of digital solutions that are specifically suited to respective application scenarios, thereby helping them achieve maximum business growth."

During the event, Davis Hui, the Head of H3C Global Channel Management said in this keynote speech that "This year we will further improve the open, cooperative, and win-win-win partner ecosystem in terms of channel partner recruitment, training and incentive. By establishing regional strategic partnerships, H3C will work with local partners to leverage global resources in government, transportation, education, energy and other sectors, helping customers to gain a competitive edge in the rapidly changing market environment."

Felix Zhao, Country General Manager of H3C Turkey also presented the excellence awards at the 2020 Partners Awards in recognizing partners’ efforts and outstanding performance to empower the industrial business innovation through digital technology. Five partners received the Top Sales Elite Award, Industrial Market Development Award, Solution Sales Elite Award, Top Service Sales and Delivery Award, and the Best Collaboration Award.

"As a key Eurasian hub that connects Eastern and Western civilizations, Turkey has vigorously promoted digitalization in recent years," said Felix Zhao, adding that since official entry into Turkey, H3C has fulfilled more than 100 successful projects spanning education, government and healthcare, among other sectors, while certifying more than 60 partners and more than 80 engineers.

"We’ve reached in-depth cooperation with a variety of local well-known ICT partners in sales, service, talent and other fields, in the process developing strong relationships, jointly in supporting Turkey’s digital transformation."

Since 2019, H3C officially announced its international strategic plan and business vision, and has built a complete sales and service network and partner ecosystem step by step, with its products and services being applied in more than 100 countries and regions including Russia, Malaysia, Japan, among other markets.

As the global digitalization accelerates, H3C will increase its support for overseas partners through continuous optimization of the EcoPartnership policy, further in collaboration with local partners to create scenario-based digital solutions that focus on customers’ core business needs to unleash the true value of digital transformation and move their business forward.

About H3C

H3C is an industry leader in the provision of Digital Solutions and is committed to becoming the most trusted partner to the customers in their quest for business innovation and digital transformation. H3C offers a full portfolio of Digital Infrastructure products, spanning across compute, storage, networking, security and related domains, and provides a comprehensive one-stop digital platform that includes cloud computing, big data, interconnectivity, information security, new safety, Internet of Things (IoT), edge computing, artificial intelligence (AI) and 5G solutions, as well as end-to-end technical services.

For more information about H3C, please visit http://www.h3c.com/en/

Related Links :

http://www.h3c.com/en/

PR Newswire

The Rising Demand for Tencent Cloud’s High-Performance Audio and Video Solutions Worldwide

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Tencent Cloud helps brands and organizations to stay connected with target audiences all over the world seamlessly and securely

HONG KONG, March 9, 2021 — There is no doubt that livestreaming has now become essential, not just in business and in events but in people’s daily lives as a whole. A wide range of industry sectors, such as social, entertainment and live shows, OTT sports, gaming, e-commerce, education and finance, among many others, have adopted livestreaming to maintain a high-level of interactions and seamless engagements with their target audiences from around the globe. An increasing number of organizations now offer live broadcasting services – and in China alone, more than 90% of companies in the video industry have deployed the services of Tencent Cloud, recognizing its high-performance, secure and reliable offerings.

Today, the demand for livestreaming services around the world is surging as Tencent Cloud makes its mark globally, providing support for global and regional virtual events, including the 2021 World Rowing Indoor Championships, the United Nations 75th anniversary, the 127th China Import and Export Fair, Paris Fashion Week, Global Tourism Economy Forum, ExpoPromoter, etc., have also benefited from Tencent Cloud’s seamless and high-caliber products and technology.

Tencent Cloud’s suite of live audio and video solutions can be applied to a wide range of scenarios. A great example is the support for e-commerce platform Shopee, a leading cross-border e-commerce shopping platform in Southeast Asia. Its Q&A and e-commerce live broadcasts are carried out at the same time, highly requiring massive resources that Tencent Cloud provides. In particular, the Shopee Live broadcast during the entire 12.12 Sale of 2020 garnered 450 million views, and the number of in-app games played reached 2.7 billion. In 2020, the average daily viewing time of the entire Shopee Live site has increased by 15 times, fully demonstrating the capabilities of Tencent Cloud’s services.

Another notable example is the broadcast of the Melon Music Awards (MMA) 2020, one of the largest music events in Korea. Tencent Cloud, in collaboration with Hyosung ITX, has supported MMA’s first fully digital version and is able to cope with around two million peak concurrent users from around the globe during the event with ultra-low delay and ultra-high image quality.

It is no surprise that these reputable brands choose Tencent Cloud, given its years of expertise and capabilities in content delivery. Tencent Cloud helps corporates and organizations tackle any barrier they may face in their broadcasts through its suite of industry-leading audio and video solutions, which could complement each other for different scenarios, including:

  • Live Video Broadcasting (LVB)
    • Supports live streaming with high numbers of concurrent access requests requiring ultra-low delay and ultra-high image quality, helping satisfy customers’ diverse needs
    • Provide extremely stable live push, high-definition transcoding, distribution and playback services.
    • Suitable for various industries and scenarios such as gaming, sporting events, e-commerce, media, online education and more.

 

  • Video on Demand (VOD) 
    • A comprehensive audio/video solution that integrates audio/video upload, live recording, media asset management (file upload and storage), automated transcoding, video AI, content delivery acceleration, and player SDKs.
    • Suitable for live broadcast scenes with recording and distribution, such as sports, gaming, online education, playback recording and broadcasting, and community content sharing.

 

  • Tencent Real-Time Communication (TRTC)
    • Offers multi-person audio/video calls and low-latency interactive live streaming solutions that can be directly implemented on PC, Mac and mobile devices through web and SDK integration.
    • Offers a global average end-to-end latency of less than 300ms. Even when the packet loss rate exceeds 40% and the network jitter goes over 1,000ms, TRTC can still guarantee high-quality, smooth and stable audio and video communications despite a weak network environment.

 

  • User Generated Short Video SDK (UGSV)
    • Leverages the powerful upload, storage, transcoding and distribution capabilities of Tencent Cloud’s VOD to offer features such as video capturing, clipping, splicing, special effects, sharing and playback.
    • Suitable for creative short videos for social media, short video news, gaming, among others.
    • The short video SDK can be used with instant messaging (IM), social networking, user profiling, beauty filters and other Tencent services to help create user-generated short mobile video apps quickly and easily.

Poshu Yeung, Senior Vice President of Tencent Cloud International, said, "Organizations and corporates constantly face challenges such as technological barriers, network traffic bust, global availability zone coverage, customization and maintenance cost in their livestreaming and broadcasts, which have now become an essential part of their business. With our range of industry’s leading live audio and video solutions, Tencent Cloud is committed to being their trusted partner through our experience, expertise and innovative solutions, and will continue to deliver them high-performance, stable and reliable live broadcasting services."

Tencent Cloud is a secure, reliable and high-performance public cloud service provider that empowers global access and a rich array of services to governments and organizations that need advanced infrastructure and a resilient environment. As a strong testimony to Tencent Cloud’s top-notch security standard and competitive services in the global cloud computing industry, Tencent Cloud was named Frost & Sullivan’s 2020 Best Practice Competitive Strategy Leadership Award in Global Cloud Industry. It has also earned international certifications, including but not limited to ISO22301, ISO27001, ISO20000, ISO9001, Trusted Cloud Services, CSA STAR, and the Multi-Tier Cloud Security Standard (MTCS SS).

About Tencent Cloud

Tencent Cloud is Tencent’s cloud services brand, providing industry-leading cloud products and services to organizations and enterprises across the world. Leveraging its robust data center infrastructures around the world, Tencent integrates cloud computing, big data analytics, AI, Internet of Things, security and other advanced technologies with smart enterprise scenarios. At the same time, we provide a holistic smart enterprise solution for sectors including finance, education, healthcare, retail, industry, transport, energy and radio & television.

PR Newswire

FactSet and Ping An to Offer Investors ESG Content and Analytics on Chinese Companies

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NORWALK, Conn., SHANGHAI and HONG KONG, March 7, 2021 — FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information and analytical applications, and Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", HKEX: 2318; SSE: 601318) today announced a joint offering for investors considering environmental, social and corporate governance (ESG) metrics for companies incorporated in China.

The offering will be launched by FactSet and Ping An’s associate company OneConnect Financial Technology Co., Ltd. (hereafter "OneConnect", NYSE:OCFT), a leading technology-as-a-service platform for financial institutions in China. FactSet will integrate OneConnect’s artificial intelligence (AI)-driven ESG content sets into its workstations, standard data feed, and application programming interfaces (APIs) to accelerate the availability of ESG metrics for over 3,500 Chinese class A-share companies.

OneConnect offers comprehensive coverage of ESG factors and assessments for companies listed on the Shanghai and Shenzhen Stock Exchanges. These factors are derived from a combination of different sources of information obtained by AI technologies, such as natural language processing (NLP). OneConnect also provides a range of analytics tools in addition to the content that will be integrated into FactSet, such as NLP-driven disclosure transparency assessments, portfolio sustainability performance evaluation and adjustment, and a climate risk evaluation tool to help investors better integrate ESG measurements into their investment processes.

"ESG investing is accelerating globally and client demand is high for information on companies in China," said Tom Griffiths, Senior Vice President, Asia Pacific, FactSet. "Working with Ping An to strengthen FactSet’s ESG offering is an exciting step as we further expand integrated workflow solutions for our global client base. Combining OneConnect’s leading content with FactSet’s suite of applications will offer investment professionals a differentiated perspective on ESG impacts in the Chinese market."

"We are excited to build this partnership with FactSet," said Ye Wangchun, Chairman and CEO of OneConnect. "By integrating OneConnect’s AI-ESG information sets into FactSet’s powerful investment data and technology platform, investors can expand both the breadth and depth of their ESG investments, drawing on a broader set of China-focused ESG content and tools."

OneConnect’s ESG content will be available in the coming months in the FactSet workstation as well as via standard data feed and APIs.

For more information, please visit: https://www.factset.com/solutions/business-needs/esg-solutions.

About FactSet

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About Ping An Group

Ping An Insurance (Group) Company of China, Ltd. ("Ping An") is a world-leading technology-powered retail financial services group. With over 218 million retail customers and 598 million Internet users, Ping An is one of the largest financial services companies in the world. Ping An focuses on two over-arching domains of activity, "pan financial assets" and "pan health care", covering the provision of financial and health care services through our integrated financial services platform and our ecosystems; in financial services, health care, auto services and smart city services. Our "finance + technology" and "finance + ecosystem" transformation strategies aim to provide customers and internet users with innovative and simple products and services using technology. As China’s first joint stock insurance company, Ping An is committed to upholding the highest standards of corporate reporting and corporate governance. The Group is listed on the stock exchanges in Hong Kong and Shanghai. In 2020, Ping An ranked 7th in the Forbes Global 2000 list and ranked 21st in the Fortune Global 500 list. Ping An also ranked 38th in the 2020 WPP Kantar Millward Brown BrandZTM Top 100 Most Valuable Global Brands list.

For more information, please visit www.group.pingan.com and follow us on LinkedIn – PING AN. 

About OneConnect

OneConnect is a leading technology-as-a-service platform for financial institutions in China. The Company’s platform provides cloud-native technology solutions that integrate extensive financial services industry expertise with market-leading technology. The Company’s solutions provide technology applications and technology-enabled business services to financial institutions. Together they enable the Company’s customers’ digital transformations, which help them increase revenue, manage risks, improve efficiency, enhance service quality and reduce costs.

Our technology-as-a-service platform strategically covers multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses – from sales and marketing and risk management to customer services, as well as technology infrastructure such as data management, program development, and cloud services.

PR Newswire

Goldpac Group Successfully Passes the CMMI V2.0L5 Certification to Meet the Highest Standards in the Global Software Field

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HONG KONG, March 5, 2021 — Recently, Goldpa Group Limied (3315.HK) successfully passed CMMI L5 certification, which represents the highest level of maturity and difficulty in the international evaluation of software development capability. This marks Goldapc has reached to a new height in the process organization ability, software R&D ability, project management ability, program delivery ability, and can provide users with more mature industry solutions and better quality and efficient service. This is also an important milestone for company in the standardization and systematization of R&D.

CMMI (Capability Maturity Model Integration), is the international authoritative standard for the industry to measure the maturity and project management level of enterprise software R&D capability, and is an important international evaluation measure of enterprise software development and delivery capacity. The CMMI 2.0 version is the latest version of the CMMI. By early December 2020, only 53 companies (including 28 Chinese companies) had passed the level 5 evaluation of CMMI 2.0 version. CMMI capability maturity model covers 21 process domains and is divided into 5 levels. The L5 is the highest level of the CMMI system, representing the company’s software ability has achieved optimal management level, that is, the company can achieve the quantitative feedback of the software development process and the continuous improvements in new ideas, new technologies.

As a reliable provider of Fintech products and services, Goldpac has always attached great importance to the systematic construction of R&D management. Since 2014, Goldpac has passed CMMI L3 level certification. In recent years, the R&D management system has been continuously improved, laying a solid foundation for rapid response to customer needs and high quality products and services providing to customers. In the future, Goldpac will continue to leverage the CMMI L5 management system to optimize the company’s software R&D and management capabilities, continue to deepen independent innovation, improve product development quality, improve internal management efficiency, enhance core competitiveness, and meet the needs of the user market with better quality products and services, to provide strong support to the company’s long-term sustainable and healthy development.

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About Goldpac Group Limited (Stock Code: 03315.HK)

With over 27 years’ of successful experience and a leading global technology portfolio, Goldpac is committed to its core vision of Making Transactions More Secure and Convenient. The company specializes in delivering embedded software, secure payment products and Artificial Intelligence Financial Self-service Kiosks for global customers while leveraging innovative Fintech to provide data processing services, system platforms and other total solutions for a wide range of businesses, financial, government, healthcare, transportation, and retail sectors.

For more information, please visit http://www.goldpac.com or contact at goldpac@goldpac.com.

If you do not wish to receive any more email messages from us, please email Jilly at jilly.li@goldpac.com to unsubscribe.

Website: www.goldpac.com

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PR Newswire

Chinese Industrial Internet Solution to Lead New Tech Revolution

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BEIJING, March 4, 2021 — The world-leading provider of solutions to better life Haier’s COSMOPlat topped the list of China’s 15 leading domestic cross-industry and cross-domain industrial internet platforms unveiled by the Ministry of Industry and Information Technology at the end of 2020. The evaluation was an effort to boost the development of China’s industrial internet.

Haier Group President Zhou Yunjie (left), visited Qingdao Choho Industrial Co. Ltd. on February 23. Haier’s COSMOPlat established a strategic cooperation last May with Choho, helping the company in digital transformation and upgrading.
Haier Group President Zhou Yunjie (left), visited Qingdao Choho Industrial Co. Ltd. on February 23. Haier’s COSMOPlat established a strategic cooperation last May with Choho, helping the company in digital transformation and upgrading.

COSMOPlat is the world’s first industrial internet platform that allows whole-process user participation. It has been assigned by the three major international standardization organizations – IEEE, IEC and ISO, the leaders to formulate international standards of mass customization solutions.

The European Union (EU) has invited COSMOPlat to get involved in its GAIA-X initiative, a cloud project aiming to enhance Europe’s data infrastructure and digital sovereignty. The EU also has decided to build the 10th innovation center for industrial internet in China, with COSMOPlat as the only partner outside the EU.

User involvement is one of the main reasons these organizations have chosen COSMOPlat as a partner. Henning Kagermann, known as the father of Industry 4.0, said that COSMOPlat builds an ecosystem on the basis of user experience, rather than just focusing on factories and automation.

The platform has so far tapped into 15 sectors, from building a customization network in the fashion industry involving designers, garment factories and clients to offering solutions to the suppliers, purchasers and processors in the stone mining business.

Haier has also expanded COSMOPlat to 20 countries in the world, boosting the growth of its international brands, such as GE Appliances in the United States, Candy in Italy and Fisher & Paykel in New Zealand.

Globally, industrial internet platforms in different regions show distinguishing characteristics. The US, led by GE and Amazon, uses its advanced Internet, information, communication and software technologies to reshape manufacturing in a top-down approach. Europe, on the other hand, with Siemens, Bosch and SAP giving full play to their advantages in high-end manufacturing, focuses on a bottom-up optimization of production process that covers intelligent factories and smart manufacturing and logistics.

China has also witnessed robust growth of industrial internet over recent years. There are about 600 industrial internet platforms worldwide, of which 500 are based in China. As both a global major manufacturer and an Internet powerhouse, China is building a user-driven industrial internet ecosystem, which highlights the linkage and interactions between the industries and users.

Haier’s COSMOPlat is a representative of the Chinese-style industrial internet, and this model is widely anticipated to bring about a new wave of industrial revolution with far more influence than the previous three revolutions.