Tag Archives: ITE

PR Newswire

NTT Advanced Technology to Market New Version of WinActor(R) RPA Tool Overseas

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-With Functions Added to Enhance Scenario Creation Productivity, New Version Supports “New Work Styles” in COVID-19 Era-

KAWASAKI, Japan, Sept. 30, 2020 — NTT Advanced Technology Corporation will launch the latest version(Ver.7) of its robotic process automation(RPA) tool, “WinActor(R),” overseas on October 1, 2020, satisfying users from beginners to advanced programmers in accordance with its nature of being “people-centered.”

As the infection of COVID-19 spreads, many companies are searching for a “new work styles,” and RPA is drawing attention as one of the promising means of realizing it. The RPA tool WinActor(R) provided by the company headquartered in Kawasaki City, Kanagawa Prefecture, has received the best reputation in Japan and has been introduced to more than 5,300 companies.

WinActor(R) Ver.7 will help customers to pursue digital transformation, adopting a new work style appropriate for the COVID-19 era, and enhancing their business efficiency. The main functions of Ver.7 are as follows.

1. People-centered functions

  • By taking advantage of the increased processing speed, the user interface has been revamped, making it more refined and easy to use.
  • A tutorial is provided to enable users to learn all key processes, from the basics for scenario creation to practical and application-oriented operations.

2. Functions effective for enterprise use

  • Users can edit multiple scenarios simultaneously on the same screen, enabling them to copy and paste parts of a scenario from one to another while viewing several scenarios.
  • WinActor(R) Scenario Script, a scenario editor for advanced programmers, enables them to develop a scenario using a programming language with which they are sure to be familiar.

3. Support for scenario creation

  • OCR-based image matching will make it easier to record and execute operations related to character strings on the screen.
  • The table scraping function extracts table information from a Web page. If a table spans a number of pages, WinActor(R) accesses them one by one and outputs the obtained table information in a single CSV file.

4. Dual-language capability

  • Users can switch languages to suit particular execution environments. In addition, scenarios developed in Japanese can be used in English without modification and vice versa.

Official website: https://www.ntt-at.com/news/2020/detail/release200930.html

Related Links :

https://www.ntt-at.com

PR Newswire

Publicis Sapient Named a Leader in the IDC MarketScape for Worldwide Customer Experience Improvement Services

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NEW YORK, Sept. 29, 2020 — Publicis Sapient, the digital transformation hub of Publicis Groupe, has today announced it has been named a Leader in the IDC MarketScape: Worldwide Customer Experience Improvement Services 2020 Vendor Assessment. Publicis Sapient was among 13 service providers that participated in this evaluation.

The report, authored by Douglas Hayward, Research Director, Worldwide Digital Strategy and Agency Services at IDC, noted that "Publicis Sapient is a good fit for organizations looking for a partner combining the creativity of a holding company agency with the design and enterprise-grade technology capabilities of an IT and business consultancy." Overall, Publicis Sapient was recognized for its business value delivery, people quality, and client empathy.

"Digital consultancy Publicis Sapient drives end-to-end CX transformation by fusing creativity with design and enterprise wide technology and business capabilities," said Douglas Hayward, Research Director, Worldwide Digital Strategy and Agency Services at IDC. "Clients that IDC talked to particularly praised Publicis Sapient’s people quality, business value delivery and client empathy. The result is innovation that drives measurable business results for clients."

"In a year where delivering top quality customer experience transformation is top of mind for virtually every business, we are honored to be recognized for the quality and consistency of our work in this space," said Nigel Vaz, CEO at Publicis Sapient. "We’re relentless about drawing the best from our SPEED capabilities: strategy, product, experience, engineering and data, in a creative way to provide our clients’ customers with leading experiences."

The IDC MarketScape for Worldwide Customer Experience Improvement Services is designed to help organizations as they evaluate which customer experience improvement service provider would best suit their needs. An important element of this IDC MarketScape evaluation was input from customers on vendors’ capabilities and other key characteristics. One Publicis Sapient customer stated, "They are good at technology as well as creativity. They push us to look at innovation not just as a source of increased speed but as a way to service customers better because their needs have changed."

To view the IDC MarketScape report excerpt (Doc # US45658220, September 2020), please visit publicissapient.com

About IDC MarketScape: IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About Publicis Sapient

Publicis Sapient is a digital transformation partner helping established organizations get digitally enabled, both in the way they work and the way they serve their customers. We help unlock value through a start-up mindset and modern methods, fusing strategy, consulting, and customer experience with agile engineering and problem-solving creativity. As digital pioneers with 20,000 people and 53 offices around the globe, our experience spanning technology, data sciences, consulting, and customer obsession – combined with our culture of curiosity and relentlessness – enables us to accelerate our clients’ businesses through designing the products and services their customers truly value. Publicis Sapient is the digital business transformation hub of Publicis Groupe. For more information, visit publicissapient.com.

Media Contact
Ashish Prashar
Sr. Director of Global External Communications
ashish.prashar@publicissapient.com

Logo – https://techent.tv/wp-content/uploads/2020/09/publicis-sapient-named-a-leader-in-the-idc-marketscape-for-worldwide-customer-experience-improvement-services.jpg

Related Links :

http://publicis.sapient.com

PR Newswire

Forging Ahead Against Headwinds

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—Chinese proposals for developing South-South cooperation in the new era

BEIJING, Sept. 28, 2020 — A news report by China.org.cn on China promotes new type of South-South cooperation.

 

The Communist Party of China (CPC) not only pursues happiness for the Chinese people, but also strives for the cause of human progress.

Under the leadership of the CPC, China has reached the historical stage of securing a decisive victory in building a moderately prosperous society in all respects. The long-cherished dream of the Chinese nation to "realize national prosperity and people’s well-being" is about to come true.

At the same time, the CPC has never given up on its aspiration for a "world of great harmony," and always bears in mind the unswerving mission to make new and greater contributions to humanity.

Under the leadership of the CPC, China has spearheaded a new type of South-South cooperation and worked together with other developing countries to build a better future. To show their great endeavors as well as the bright prospects, the Institute of World Political Party of the International Department of the CPC Central Committee (IDCPC) has produced and presented a video titled Forging Ahead Against Headwinds—Chinese proposals for developing South-South cooperation in the new era.

China promotes new type of South-South cooperation
http://www.china.org.cn/world/2020-09/28/content_76759040.htm

 

Related Links :

http://www.china.org.cn

PR Newswire

Pangyo Technovalley’s 100 IT & CT Special – MIK HOT SPOT Online Exhibition to open on September 11

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New attempt to promote Korean companies to domestic and foreign markets in post-coronavirus era.

SEOUL, South Korea, Sept. 28, 2020 — AVING NEWS’ Korea’s only convention media and online exhibition center by itself, began this project to help Korean companies to enter the domestic and foreign markets through MIK HOT SPOT (Made in Korea Online Exhibition) on its way to become the global online hot spot.

The online exhibition consists of opening the MIK ONLINE HOT SPOT exhibition, business introduction video for buyers and investors, domestic and global promotion, target promotion for MIK HOT SPOT network, and post-management after contacting the buyers and investors, open for 365 days a year.

The five companies that participated in the MIK HOT SPOT_Pangyo Technovalley 100 IT & CT special are as follows:

  • BluezenDrone
  • Hancom Mobility
  • Vietmate
  • Textory
  • Youneedcharacter

– BluezenDrone

BluezenDrone is a member of the large open source flight stack PX4-based dronecode for commercial use, and it is a PX4 platform technology development company representing Korea. BluezenDrone, which has established itself as a company specializing in industrial drone technology solutions, continues to research and develop unmanned aerial system (UAS) technology, and it is engaged in various drone businesses.

Its business targets are finished industrial drone manufacturers, drone-based public and commercial service providers, and industrial drones and drone operators for commercial systems. It is closely cooperating with finished industrial drone manufacturers to develop hardware and software for special devices such as flight control devices and mission computers and various technical solutions for the stability of drone systems, and it is supplying them to finished product manufacturers.

– Hancom Mobility

Hancom Mobility offers various hardware and software in the parking industry like Parking Friends, a shared parking service for real-time search and reservation of parking spaces, Parking Friends, the shared parking payment service, PF Sensor, the IoT parking sensor with the most advanced IoT communication network, PF Control System, the all-in-one solution that provides all infrastructure necessary for parking lot implementation, and PF Blocker, the BLE blocker for entry and exit management that works by smartphones. The birthplace of Hancom Mobility is a startup company named Mirae NCT. Hancom Group acquired Mirae NCT in 2019 and entered the mobility business, and even changed the company name to Hancom Mobility.

"As Korea’s interest towards shared economy service increased two to three years ago, people started sharing vehicles and accommodations, and made it into business. That’s when Hyeon Jae-young, the CEO of Hancom Mobility, thought, "What if we share parking spaces?" By sharing parking lots based on the status information of the parking lot, it would become convenient as shown in began thinking about the business model. The service that was born from this thought is Malang Malang Parking Friends. Parking Friends provides real-time information on parking spaces with self-developed IoT sensors and CCTVs for safe and convenient parking services to parking space providers and drivers using parking spaces.

– Vietmate

Founded in 2017, Vietmate is an IT-based trading platform company that supports overseas market development for all Vietnamese-related companies, and is helping domestic companies enter the market through mobile, online, and offline channels. It is also providing the system that allows products to be delivered overseas directly from Korea. The company’s biggest strength is that it is able to support K-beauty in all directions as it has 800,000 data of B2B official buyers related to cosmetics.

Currently, with an exclusive contract, Vietmate is running the Zalo Shop Korean Pavilion in the e-commerce platform of Zalo, a national messenger (100 million subscribers) of Vietnam. With this, the marketing effect can be maximized by exposing the brands of Korean companies. It is also supporting the online sales of Korean companies with Shopee and Sendo, the top companies in Vietnam’s online e-commerce shops.

– Textory

Lee Seong-ro, the CEO of TexTory, is creating a new paradigm of communication based on text and story. About the business, he said, "All conversations we have with people we meet and communication by phone calls and text messages are expressed as the word "text," and making the text as a story to provide services is our business."

Ten years ago, Lee was in the broadcasting industry, and he made a radio show listener management service called MN Studio. He said" "Nowadays, most broadcasting stations use the listener management service to check the stories sent by the listeners in the past and communicate in real time. I founded TexTory with the assurance that this technology can be used to start a new business." TexTory automatically saves communication details with all customers, such as phone calls and texts, in the cloud with an app on the smartphone, and when communicating with the customer, such information is popped up on the phone to easily check customer information and history at a glance.

– Youneedcharacter

Youneedcharacter (CEO Song Min-soo), a resident company of the ICT-culture convergence center operated by the MSIT and NIPA, launched the children’s AR English learning product Cricket Pang AR Flash Card in major domestic online markets such as Coupang and Gmarket.

Cricket Pang AR Flash Card was produced by using the character IP of the TV animation Cricket Pang which Youneedcharacter has made on its own. You can study English words by recognizing the word card image and watching the AR animation on the mobile phone. The app can be downloaded for free (Cricket Pang AR Flash Card) from Google Play or Apple App Store. The cute character animation, intuitive interface, and easy and simple usage draw children’s attention.

Cricket Pang AR Flash Card was produced as a verified content by having the former and current English education instructors and content experts choose the words, so the students can study on their own with the flashcards. It is attracting attention as a product that enables safe and enjoyable English learning through untact learning using the mobile AR app.

Pangyo Techno Valley, which participated in MIK HOT SPOT (Made in Korea Online Exhibition), is a business platform where companies with innovative products and technologies are gathered. About 1,300 companies in IT, CT, and BT sectors are based here. Innovative companies with global capabilities like Kakao, NHN Entertainment, AhnLab, Krafton, NCSOFT, Nexon, and Hancom, and advanced technology research institutes like Advanced Institute of Convergence Technology, KAIST, ETRI, and KETI are working together.

The global news network AVING News has begun holding the MIK Hot Spot (Made in Korea Online Exhibition) to help small and medium-sized companies enter the market and attract investment 365 days a year. AVING News has been running online exhibitions since 2005 and had 975 online exhibitions so far. Its YouTube online exhibition has placed itself as Korea’s largest online exhibition hall that opens with 19,000 videos (booths) with more than 800,000 visits per month which means more than 10 million visits per year.

The MIK HOT SPOT online exhibition is scheduled to be held regularly according to the field, target market, and participating institutions, and it will be presented as a new type of online business by transforming the know-hows and values of the participating companies according to the trend. Companies that want to participate can apply and apply through the marketing support projects from supporting institutions in the local governments. Refer to the institutions for more information.

– Go to MIK Hot Spot (Made in Korea Online Exhibition) special page
http://www.madeinkorea.tv/

PR Newswire

Reserve Bank of India (RBI) Grants In-principle Authorisation to Set-up and Operate Bharat Bill Payment Operating Unit to Vakrangee Limited

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MUMBAI, India, Sept. 25, 2020 — Vakrangee Limited (VL) has been granted In-principle authorisation to set-up and operate Bharat Bill Payment Operating Unit (BBPOU) under the Payment and Settlement Systems Act, 2007 from Reserve Bank of India (RBI). Vakrangee can now directly handle payment and aggregation of payment services relating to bills under the scope of BBPS.

Nextgen Vakrangee Kendras exclusively offers a comprehensive range of products and services across banking, insurance, ATM, Financial Services, Assisted e-Commerce, e-Governance and logistics. With 70% of its Nextgen outlets in Tier-5 and 6 towns, Vakrangee shall have direct access to operate as an operating unit under the BBPOU and shall provide the Bill Payment service to its customers in the most remote and hitherto unserved/underserved parts of the country.

Commenting on this, Mr Dinesh Nandwana, Managing Director & Group CEO, Vakrangee Ltd said, "We are happy to announce that we have been grated In-Principle Authorisation to set-up and operate Bharat Bill Payment Operating Unit by RBI. Bill Payment service is one of the key services offered in our Nextgen Vakrangee Kendra Business Model and it gives confidence to our customers especially in Rural and Semi Urban centres.

"We believe that these NextGen outlets will enable every Indian to seamlessly benefit from financial inclusion, social inclusion, digital India, skill development, employment, government programmes and a wider access to basic goods and services."

This approval further expands our bouquet of services available to citizens through Vakrangee Kendras.  Vakrangee currently has 34,200+ (10,000+ Operational & 24,200+ under on-boarding process) which are spread across 32 States & UTs, 560+ districts and 7,250+ postal codes. More than 70% of these outlets are in Tier 5 and 6 towns. Vakrangee’s planned target is to reach at least 25,000 Nextgen Vakrangee Kendras by 2020.

About Vakrangee Limited (BSE Code: 511431) (NSE Code: VAKRANGEE)

Incorporated in 1990, Vakrangee is a unique technology driven company focused on building India’s largest network of last-mile retail outlets to deliver real-time banking & Financial Services, ATM, insurance, e-governance, e-commerce and logistics services to the unserved rural, semi-urban and urban markets. The Assisted Digital Convenience stores are called as "Vakrangee Kendra" which acts as the "One-stop shop" for availing various services and products. (www.vakrangee.in)

Media Contact:
Ammeet Sabarwal
Chief Corporate Communications & Strategy Officer
ammeets@vakrangee.in  
Ph no: 02267765100
Vakrangee Limited – www.vakrangee.in

Related Links :

http://www.vakrangeesoftwares.com/

PR Newswire

Cleantech Group Names SENSORO a 2020 APAC 25 Company

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BEIJING, Sept. 25, 2020 — SENSORO (Beijing SENSORO Technology Co., Ltd.,), has just been included in the 2020 APAC 25 list produced by Cleantech Group, a global provider of research, consulting and events to catalyze opportunities in sustainable innovation.

The APAC 25 is a list of independent companies from the Asia Pacific region engaged in sustainable innovation that are viewed by the market as likely to have significant impact in a five-to-ten-year time frame.

Cleantech Group put together the third annual list of 25 companies through a combination of APAC-related inputs from the annual Global Cleantech 100 process and detailed contributions from an APAC 25 expert panel. The companies on the list had the strongest patterns of agreement across all the input points and were scored the highest.

"Based on the intelligent service system with core technology and service innovation, SENSORO embed city-level sensing communication chipset into various kinds of sensors, which get through channel of urban infrastructure data such as water, electricity, coal, gas, fire combined with real-time information such as camera video, meteorology, hydrology, etc., to construct digital files and information maps and provide information for personnel, vehicles, houses units, facilities, organizations and events. Seconds-level analysis is carried out to realize perception and urban computing overall which brings strong recognition, analysis and algorithm ability for urban governance and development, innovating from traditional governance to data-driven artificial intelligence era," SENSORO says.

Members of the APAC 25 expert panel play an important role in creating the list. Each provides between three and nine nominations, no more than a third of which can be portfolio companies (in the case of investors). Expert panelists can weight their nominations, and all nominations are blind (no expert sees the other panelists’ nominations). These nominations are then combined with the outcomes from the Global Cleantech 100 process, which benefits from thousands of data points. 

"The Asia Pacific region will dominate some of the new industries and supply chains that will emerge from global mega-trends such as alternative proteins, electrification and new mobility, to name but three," said Richard Youngman, CEO of Cleantech Group. "It will also be a leader in digitalization, given its weight of population and the size of its industrial base. Both dynamics are borne out in our third annual APAC 25 list of rising star innovation companies from around the region."

About SENSORO

Founded in 2014, China, SENSORO is a global intelligent service provider, mainly focusing on R&D of IoT chipset, city-level scale IoT communication network, and intelligent service systems.

At present, SENSORO intelligent solution has created benchmarking cases in Beijing and applied to more than 160 cities in China, such as Yichang, Shenzhen, Zhuhai, Ningbo and so on. It has made rich achievements in the fields of digital administrative & intelligent governance, and people’s livelihood. SENSORO AIoT mode of innovation and application are also influencing the intelligent construction and development of "One Belt and One Road" Initiative countries and cities such as Kampuchea, South Africa etc. SENSORO has established cooperative relations with more than 65 countries and regions and its international influence has been continuously improved.

Website: www.sensoro.com

PR Newswire

Trip.com Group Reports Unaudited Second Quarter of 2020 Financial Results

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Shanghai, Sept. 25, 2020 — Trip.com Group Limited (Nasdaq: TCOM) ("Trip.com Group" or the "Company"), a leading provider of online travel and related services, including accommodation reservation, transportation ticketing, packaged-tour and in-destination services, corporate travel management, and other travel-related services, today announced its unaudited financial results for the second quarter ended June 30, 2020.

Key Highlights

  • Our business has continued to show strong momentum of recovery in the China domestic market.
    —    Reservations for China domestic hotels achieved positive growth, with high-end domestic hotels leading the way over the past month.
    —    China domestic flight reservations achieved positive growth over the past months.
  • The Company’s results for the second quarter of 2020 were significantly and negatively impacted due to the ongoing COVID-19 pandemic.
    —    Net revenue for the second quarter of 2020 was RMB3.2 billion (US$448 million), representing a 64% decrease from the same period in 2019. The performance reflects a strong recovery of our China domestic businesses, offset by a steep decline of our international businesses.
    —    Operating loss for the second quarter of 2020 was RMB688 million (US$97 million). Excluding share-based compensation charges, non-GAAP loss from operations was RMB200 million (US$27 million).

"In the second quarter of 2020, the global travel industry continued to experience significant impact as a result of the ongoing COVID-19 pandemic. On a promising note, we have seen all of our domestic business lines recover to varying degrees during the quarter," said James Liang, Executive Chairman. "As global efforts intensify in this fight against COVID-19, we are increasingly optimistic that there will be more resumption of travel activity in major markets worldwide."

"Although the second quarter witnessed a full quarter impact of COVID-19 across business lines, our Company quickly adjusted operational priorities to suit the changing macro environment through minimizing operating expenses while meaningfully outpacing the industry in recovery," said Jane Sun, Chief Executive Officer. "We are glad to see that reservations for China domestic flights and hotels have reached a level of full recovery in succession during August, and we strive to make further progress as the travel industry continues to pick up more momentum."

Second quarter of 2020 Financial Results and Business Updates

The Company’s results for the second quarter of 2020 were negatively impacted by the COVID-19 pandemic. The pandemic continued to cause a decline in travel demands even though the travel restrictions have been lifted in some countries as the spread of the coronavirus has been contained to various degrees. Consumers are becoming more comfortable with traveling especially to domestic locations. This has led to more travel bookings compared to February and March 2020. Yet, travel demands remained significantly lower than the previous year especially for the China outbound and overseas markets.

For the second quarter of 2020, Trip.com Group reported net revenue of RMB3.2 billion (US$448 million), representing a 64% decrease from the same period in 2019. Net revenue for the second quarter of 2020 decreased by 33% from the previous quarter.

Accommodation reservation revenue for the second quarter of 2020 was RMB1.3 billion (US$178 million), representing a 63% decrease from the same period in 2019, and a 9% increase from the previous quarter, primarily due to the recovery of China domestic market.

Transportation ticketing revenue for the second quarter of 2020 was RMB1.2 billion (US$163 million), representing a 66% decrease from the same period in 2019, and a 52% decrease from the previous quarter.

Packaged-tour revenue for the second quarter of 2020 was RMB130 million (US$18 million), representing an 88% decrease from the same period in 2019, and a 75% decrease from the previous quarter.

Corporate travel revenue for the second quarter of 2020 was RMB162 million (US$23 million), representing a 47% decrease from the same period in 2019, and a 29% increase from the previous quarter, primarily due to the recovery of China domestic market.

Gross margin was 72% for the second quarter of 2020, which decreased from 79% for the same period in 2019 and 74% for the previous quarter.

Product development expenses for the second quarter of 2020 decreased by 32% to RMB1.8 billion (US$255 million) from the same period in 2019, primarily due to a decrease in expenses related to product development personnel. Product development expenses for the second quarter of 2020 increased by 6% from the previous quarter, primarily due to an increase in expenses related to product development personnel. Product development expenses for the second quarter of 2020 accounted for 57% of the net revenue for the same period. Excluding share-based compensation charges, non-GAAP product development expenses for the second quarter of 2020 accounted for 49% of the net revenue for the same period, which increased from 28% in the same period in 2019 and 32% in the previous quarter.

Sales and marketing expenses for the second quarter of 2020 decreased by 69% to RMB661 million (US$94 million) from the same period in 2019 and decreased by 52% from the previous quarter, primarily due to a decrease in expenses relating to sales and marketing activities. Sales and marketing expenses for the second quarter of 2020 accounted for 21% of the net revenue for the same period. Excluding share-based compensation charges, non-GAAP sales and marketing expenses for the second quarter of 2020 accounted for 20% of the net revenue for the same period, which decreased from 24% in the same period in 2019 and 29% in the previous quarter.

General and administrative expenses for the second quarter of 2020 decreased by 37% to RMB513 million (US$73 million) from the same period in 2019, primarily due to a decrease in personnel expenses, and decreased by 74% from the previous quarter because we accrued RMB1.2 billion bad debt provision in the first quarter of 2020. General and administrative expenses for the second quarter of 2020 accounted for 16% of the net revenue for the same period. Excluding share-based compensation charges, non-GAAP general and administrative expenses accounted for 10% of the net revenue for the same period, which increased from 8% in same period in 2019 and decreased from 38% in the previous quarter.

Loss from operations for the second quarter of 2020 was RMB688 million (US$97 million), compared to income of RMB1.3 billion in the same period in 2019 and loss of RMB1.5 billion in the previous quarter. Excluding share-based compensation charges, non-GAAP loss from operations was RMB200 million (US$27 million), compared to income of RMB1.7 billion in the same period in 2019 and loss of RMB1.2 billion in the previous quarter.

Operating margin was -22% for the second quarter of 2020, compared to 15% in the same period in 2019, and -32% in the previous quarter. Excluding share-based compensation charges, non-GAAP operating margin was -6%, compared to 20% in the same period in 2019 and -25% in the previous quarter.

Income tax expense for the second quarter of 2020 was RMB201 million (US$29 million), compared to expense of RMB336 million in the same period of 2019 and benefit of RMB254 million in the previous quarter. The change in our effective tax rate was primarily due to the non-taxable income of the fair value changes in equity securities investments.

Net loss attributable to Trip.com Group’s shareholders for the second quarter of 2020 was RMB476 million (US$67 million), compared to net loss attributable to Trip.com Group’s shareholders of RMB403 million in the same period in 2019 and RMB5.4 billion in the previous quarter, primarily due to the operating loss associated with impact of COVID-19, the fair value changes in equity securities investments, impairments of long-term investments, gains from other investing activities and equity in loss of our affiliates. Excluding share-based compensation charges and fair value changes of equity securities investments, non-GAAP net loss attributable to Trip.com Group’s shareholders was RMB1.2 billion (US$162 million), compared to net income of RMB1.3 billion in the same period in 2019 and net loss of RMB2.2 billion in the previous quarter.

Diluted losses per ADS were RMB0.80 (US$0.11) for the second quarter of 2020. Excluding share-based compensation charges and fair value changes of equity securities investments, non-GAAP diluted losses per ADS were RMB1.93 (US$0.27) for the second quarter of 2020.

As of June 30, 2020, the balance of cash and cash equivalents, restricted cash, short-term investment, held to maturity time deposit and financial products was RMB64.3 billion (US$9.1 billion).

Subsequent Events

In July, 2020, the Company has completed the put right offer relating to its 1.99% Convertible Senior Notes due 2025 (the "2025 Notes"). The aggregate purchase price of the 2025 Notes was US$395,240,000. Following the settlement of repurchase of 2025 Notes, the total number of ordinary shares of the Company on a fully diluted basis was reduced by 0.9 million shares.

In July, 2020, the Company’s 1.00% Convertible Senior Notes due 2020 (the "2020 Notes") with a principle amount of US$700 million matured and were repaid in cash. Following the settlement of the repayment of 2020 Notes, the total number of ordinary shares of the Company on a fully diluted basis was reduced by 1.6 million shares.

In July, 2020, the Company issued US$500 million in aggregate principal amount of its 1.50% Exchangeable Senior Notes due 2027 (the "2027 Notes"). The 2027 Notes will be exchangeable, at the option of the holders and subject to certain conditions, into cash, American depositary shares ("Huazhu ADSs") of Huazhu Group Limited (Nasdaq: HTHT) ("Huazhu"), each representing one ordinary share of Huazhu, par value $0.0001 per share, or a combination of cash and Huazhu ADSs, at the Company’s election subject to certain conditions.

Business Outlook

As a result of the continued negative impact due to COVID-19 in the third quarter of 2020, the Company expects net revenue to decrease by approximately 47%-52% year-over-year for the third quarter of 2020. This forecast reflects the current and preliminary view based on best information available at the time, which is subject to change.

Conference Call  

Trip.com Group’s management team will host a conference call at 8:00PM U.S. Eastern Time on September 24, 2020 (or 8:00AM on September 25, 2020 in the Shanghai/Hong Kong Time) following the announcement.

The conference call will be available on Webcast live and replay at: https://investors.trip.com. The call will be archived for twelve months at this website.

All participants must pre-register to join this conference call using the Participant Registration link below:
https://s1.c-conf.com/DiamondPass/10009786-invite.html

Upon registration, each participant will receive details for this conference call, including dial-in numbers, passcode and a unique access PIN. To join the conference, please dial the number provided, enter the passcode followed by your PIN, and you will join the conference instantly.

A telephone replay of the call will be available after the conclusion of the conference call until October 2, 2020.

The dial-in details for the replay:

International dial-in number:

+61-7-3107-6325

Passcode:

10009786

 Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under 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 "may," "will," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate," "is/are likely to," "confident" or other similar statements. Among other things, quotations from management and the Business Outlook section in this press release, as well as Trip.com Group’s strategic and operational plans, contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the potential impact of the COVID-19 to Trip.com Group’s business operations, severe or prolonged downturn in the global or Chinese economy, general declines or disruptions in the travel industry, volatility in the trading price of Trip.com Group’s ADSs, Trip.com Group’s reliance on its relationships and contractual arrangements with travel suppliers and strategic alliances, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in the relevant jurisdictions where Trip.com Group operates, failure to successfully develop Trip.com Group’s existing or future business lines, damage to or failure of Trip.com Group’s infrastructure and technology, loss of services of Trip.com Group’s key executives, adverse changes in economic and political policies of the PRC government, inflation in China, risks and uncertainties associated with PRC laws and regulations with respect to the ownership structure of Trip.com Group’s affiliated Chinese entities and the contractual arrangements among Trip.com Group, its affiliated Chinese entities and their shareholders, and other risks outlined in Trip.com Group’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the issuance, and Trip.com Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Non-GAAP Financial Measures

To supplement Trip.com Group’s unaudited condensed consolidated financial statements presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), Trip.com Group uses Non-GAAP financial information related to product development expenses, sales and marketing expenses, general and administrative expenses, income from operations, operating margin, net income attributable to Trip.com Group’s shareholders, and diluted earnings per ordinary share and per ADS, each of which (except for net commission earned) is adjusted from the most comparable GAAP result to exclude the share-based compensation charges recorded under ASC 718, "Compensation-Stock Compensation" and its share-based compensation charges are not tax deductible, and fair value changes of equity securities investments, net of tax, recorded under ASU 2016-1. Trip.com Group’s management believes the Non-GAAP financial measures facilitate better understanding of operating results from quarter to quarter and provide management with a better capability to plan and forecast future periods.

Non-GAAP information is not prepared in accordance with GAAP and may be different from Non-GAAP methods of accounting and reporting used by other companies. The presentation of this additional information should not be considered a substitute for GAAP results. A limitation of using Non-GAAP financial measures is that Non-GAAP measures exclude share-based compensation charges and fair value changes of equity securities investments that have been and will continue to be significant recurring expenses in Trip.com Group’s business for the foreseeable future.

Reconciliations of Trip.com Group’s Non-GAAP financial data to the most comparable GAAP data included in the consolidated statement of operations are included at the end of this press release.

About Trip.com Group Limited

Trip.com Group Limited (Nasdaq: TCOM) is a leading one-stop travel service provider consisting of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group enables local partners and travelers around the world to make informed and cost-effective bookings for travel products and services, through aggregation of comprehensive travel-related information and resources, and an advanced transaction platform consisting of mobile apps, Internet websites, and 24/7 customer service centers. Founded in 1999 and listed on Nasdaq in 2003, Trip.com Group has become one of the largest travel companies in the world in terms of gross merchandise value.

Trip.com Group Limited

Unaudited Consolidated Balance Sheets

(In millions, except share and per share data)

December 31, 2019

June 30, 2020

June 30, 2020

RMB (million)

RMB (million)

USD (million)

(unaudited)

(unaudited)

(unaudited)

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

21,747

18,896

2,674

Short-term investments

23,058

23,886

3,381

Accounts receivable, net 

7,661

5,129

726

Prepayments and other current assets 

15,489

15,583

2,205

Total current assets

67,955

63,494

8,986

Property, equipment and software

6,135

5,985

847

Intangible assets and land use rights

13,264

13,324

1,886

Right-of-use asset

1,207

795

113

Investments (Includes held to maturity time deposit and
financial products of RMB15,056 million and RMB21,538
million as of December 31,2019 and June 30, 2020,
respectively)

51,278

53,659

7,595

Goodwill

58,308

59,327

8,397

Other long-term assets

1,046

551

79

Deferred tax asset

976

1,360

193

Total assets

200,169

198,495

28,096

LIABILITIES

Current liabilities:

Short-term debt and current portion of long-term debt

30,516

42,097

5,958

Accounts payable

12,294

4,478

634

Advances from customers

11,675

8,013

1,134

Other current liabilities

14,697

11,969

1,695

Total current liabilities

69,182

66,557

9,421

Deferred tax liability

3,592

3,567

505

Long-term debt

19,537

28,067

3,973

Long-term lease liability

749

536

76

Other long-term liabilities

264

206

29

Total liabilities

93,324

98,933

14,004

MEZZANINE EQUITY

Redeemable non-controlling interests 

1,142

–

–

SHAREHOLDERS’ EQUITY

Total Trip.com Group Limited shareholders’ equity

103,442

97,529

13,804

Non-controlling interests

2,261

2,033

288

Total shareholders’ equity

105,703

99,562

14,092

Total liabilities, mezzanine equity and shareholders’
equity

200,169

198,495

28,096

 

 

Trip.com Group Limited

Unaudited Consolidated Statements of Comprehensive Income

(In millions, except share and per share data)

Quarter Ended

Quarter Ended

Quarter Ended

Quarter Ended

June 30, 2019

March  31, 2020

June 30, 2020

June 30, 2020

RMB (million)

RMB (million)

RMB (million)

USD (million)

(unaudited)

(unaudited)

(unaudited)

(unaudited)

Revenue:

Accommodation reservation 

3,410

1,155

1,254

178

Transportation ticketing 

3,407

2,393

1,150

163

Packaged-tour 

1,051

523

130

18

Corporate travel

309

126

162

23

Others

524

538

466

66

Total revenue

8,701

4,735

3,162

448

Less: Sales tax and surcharges

(10)

(4)

(3)

0

Net revenue

8,691

4,731

3,159

448

Cost of revenue

(1,798)

(1,220)

(872)

(123)

Gross profit

6,893

3,511

2,287

325

Operating expenses:

Product development **

(2,642)

(1,696)

(1,801)

(255)

Sales and marketing **

(2,108)

(1,382)

(661)

(94)

General and administrative **

(810)

(1,942)

(513)

(73)

Total operating expenses

(5,560)

(5,020)

(2,975)

(422)

Income/(loss) from operations

1,333

(1,509)

(688)

(97)

Interest income 

562

513

603

85

Interest expense

(426)

(448)

(461)

(65)

Other (expense)/income *

(1,412)

(3,827)

1,766

250

Income/(loss) before income tax expense and
equity in income of affiliates

57

(5,271)

1,220

173

Income tax (expense)/benefit  *

(336)

254

(201)

(29)

Equity in loss of affiliates

(123)

(321)

(1,491)

(211)

Net loss

(402)

(5,338)

(472)

(67)

Net loss attributable to non-controlling interests

7

9

12

2

Accretion to redemption value of redeemable non-
controlling interests

(8)

(24)

(16)

(2)

Net loss attributable to Trip.com Group Limited

(403)

(5,353)

(476)

(67)

Comprehensive loss attributable to Trip.com
Group Limited

(308)

(5,924)

(515)

(73)

Losses per ordinary share

– Basic

(5.81)

(71.86)

(6.36)

(0.90)

– Diluted

(5.81)

(71.86)

(6.36)

(0.90)

Losses per ADS 

– Basic

(0.73)

(8.98)

(0.80)

(0.11)

– Diluted

(0.73)

(8.98)

(0.80)

(0.11)

Weighted average ordinary shares outstanding

– Basic

69,484,264

74,494,148

74,968,727

74,968,727

– Diluted

69,484,264

74,494,148

74,968,727

74,968,727

– Diluted-non GAAP

77,807,991

74,494,148

74,968,727

74,968,727

** Share-based compensation included in Operating expenses above is as follows:

  Product development 

215

180

252

36

  Sales and marketing 

34

30

41

6

  General and administrative 

144

133

195

28

* Fair value changes of equity securities investments included in Net loss is as follow:

Fair value loss/(income) of equity securities
investments, net of tax

1,339

2,790

(1,167)

(165)

 

 

Trip.com Group Limited

Reconciliation of  GAAP and Non-GAAP Results

(In millions, except % and per share data)

Quarter Ended June 30, 2020

GAAP Result

% of Net
Revenue

Non-GAAP
Adjustment

% of Net
Revenue

Non-GAAP
Result

% of Net
Revenue

Share-based compensation included in Operating expense is as follows:

Product development 

(1,801)

-57%

252

8%

(1,549)

-49%

Sales and marketing 

(661)

-21%

41

1%

(620)

-20%

General and administrative 

(513)

-16%

195

6%

(318)

-10%

Total operating expenses

(2,975)

-94%

488

15%

(2,487)

-79%

(Loss)/income from operations

(688)

-22%

488

15%

(200)

-6%

Fair value changes of equity securities investments, net of tax
expense of RMB27 million

1,167

37%

(1,167)

-37%

–

0%

Net loss attributable to Trip.com Group’s shareholders

(476)

-15%

(679)

-21%

(1,155)

-37%

Diluted losses per ordinary share (RMB)

(6.36)

(9.06)

(15.42)

Diluted losses per ADS (RMB)

(0.80)

(1.13)

(1.93)

Diluted losses per ADS (USD)

(0.11)

(0.16)

(0.27)

Quarter Ended March 31, 2020

GAAP Result

% of Net
Revenue

Non-GAAP
Adjustment

% of Net
Revenue

Non-GAAP
Result

% of Net
Revenue

Share-based compensation included in Operating expense is as follows:

Product development 

(1,696)

-36%

180

4%

(1,516)

-32%

Sales and marketing 

(1,382)

-29%

30

1%

(1,352)

-29%

General and administrative 

(1,942)

-41%

133

3%

(1,809)

-38%

Total operating expenses

(5,020)

-106%

343

7%

(4,677)

-99%

(Loss)/income from operations

(1,509)

-32%

343

7%

(1,166)

-25%

Fair value changes of equity securities investments, net of tax
benefit of RMB209 million

(2,790)

-59%

2,790

59%

–

0%

Net (loss)/income attributable to Trip.com Group’s shareholders

(5,353)

-113%

3,133

66%

(2,220)

-47%

Diluted (losses)/earnings per ordinary share (RMB)

(71.86)

42.05

(29.81)

Diluted (losses)/earnings per ADS (RMB)

(8.98)

5.25

(3.73)

Diluted (losses)/earnings per ADS (USD)

(1.27)

0.74

(0.53)

Quarter Ended June 30, 2019

GAAP Result

% of Net
Revenue

Non-GAAP
Adjustment

% of Net
Revenue

Non-GAAP
Result

% of Net
Revenue

Share-based compensation included in Operating expense is as follows:

Product development 

(2,642)

-30%

215

2%

(2,427)

-28%

Sales and marketing 

(2,108)

-24%

34

0%

(2,074)

-24%

General and administrative 

(810)

-9%

144

2%

(666)

-8%

Total operating expenses

(5,560)

-64%

393

5%

(5,167)

-59%

Income from operations

1,333

15%

393

5%

1,726

20%

Fair value changes of equity securities investments, net of tax
benefit of RMB48 million

(1,339)

-15%

1,339

15%

–

0%

Net (loss)/income attributable to Trip.com Group’s shareholders

(403)

-5%

1,732

20%

1,329

15%

Diluted (losses)/earnings per ordinary share (RMB)

(5.81)

23.81

18.00

Diluted (losses)/earnings per ADS (RMB)

(0.73)

2.98

2.25

Diluted (losses)/earnings per ADS (USD)

(0.11)

0.44

0.33

Notes for all the condensed consolidated financial schedules presented:

Note 1: The conversion of Renminbi (RMB) into U.S. dollars (USD) is based on the certified exchange rate of USD1.00=RMB7.0651 on June 30, 2020 published by the
Federal Reserve Board.

 

Related Links :

https://www.ctrip.com/

PR Newswire

Huawei Strives to Build industry Intelligent Twins with Intelligent Connectivity

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SHANGHAI, Sept. 24, 2020 — At HUAWEI CONNECT 2020, Huawei announced its all-scenario intelligent connectivity solutions for technology, network, and industry scenarios. These solutions will help Huawei deliver intelligent connectivity that is characterized by ubiquitous gigabit, deterministic experience, and hyper-automation in order to build industry Intelligent Twins. Huawei also launched autonomous driving network (ADN) solutions for enterprises, propelling enterprise networks into the ADN era and accelerating the intelligent upgrades of industries.

David Wang, Huawei Executive Director and Chairman of the Investment Review Board, delivered a keynote speech titled "Building industry Intelligent Twins with intelligent connectivity." According to Mr. Wang, connectivity is productivity. It is not mere computing power, but strong connectivity that makes Intelligent Twins smarter.

Huawei believes that ubiquitous gigabit, deterministic experience, and hyper-automation are the three major characteristics of intelligent connectivity.

David Wang, Huawei Executive Director and Chairman of the Investment Review Board, announces all-scenario intelligent connectivity solutions
David Wang, Huawei Executive Director and Chairman of the Investment Review Board, announces all-scenario intelligent connectivity solutions

Intelligent Twins raise five new requirements for connectivity

The four key components of Intelligent Twins are intelligent interactions, intelligent connectivity, intelligent applications, and the intelligent hub. Among these, intelligent connectivity is like the body of Intelligent Twins. What new requirements do Intelligent Twins place on intelligent connectivity?

There are three types of connectivity scenarios for Intelligent Twins. One is connectivity within the intelligent hub, such as the connection of AI cluster servers and cloud data centers. The second is connectivity between the intelligent hub and intelligent interaction devices; connecting the "brain" and the "limbs", so to speak. The last type is connectivity between intelligent interaction devices, such as the connection of AI cameras, 4K drones, and robotic arms.

Overall, Intelligent Twins have five major requirements for connectivity: High reliability, zero packet loss, differentiated services, real-time high bandwidth, and smart O&M.

To meet the connectivity needs of Intelligent Twins, Huawei defined the three major characteristics of intelligent connectivity:

The first is ubiquitous gigabit. Bandwidth is the basis of connectivity. The wide application of AI cameras, drones, industrial cameras, and industrial VR/AR services has made ubiquitous gigabit connectivity essential.

The second is deterministic experience. Connectivity for Intelligent Twins mainly targets things and diverse production scenarios. For example, during peak times in 2019, there was one aircraft departing or arriving at Shenzhen Airport every less than one minute, making it essential to guarantee real-time networking. In another example, electric power companies must assure "six nines", or even higher reliability, and less than two minutes of power outage per household per year. Therefore, deterministic connectivity is vital to the security and reliability of enterprise services.

The third is hyper-automation. As industries become intelligent, the service types as well as scale and complexity of networks will multiply, making network O&M more difficult. The application of big data and AI will transform traditional and semi-automated O&M into hyper-automated O&M, and leave all these complexities to be handled by digital intelligence.

Huawei’s all-scenario intelligent connectivity solutions

In terms of technology, Huawei’s all-scenario intelligent connectivity solutions will provide ubiquitous gigabit and low latency connectivity for intelligent interaction devices, and apply AI to achieve deterministic network experience and hyper-automated O&M. In terms of networks, these solutions will provide Intelligent Twins with campus, data center, WAN, and security networks. As for industries, intelligent connectivity will be combined with intelligent interactions, the intelligent hub, and industry know-how to build scenario-specific, intelligent solutions for industries.

  • 5G intelligent connectivity: Gigabit uplink speed, 20ms latency, and submeter-level location

To support the intelligent upgrade of industries, Huawei will continue enhancing its 5G intelligent connectivity capabilities in terms of uplink bandwidth, latency, and location accuracy. For example, in the smart manufacturing domain, Huawei used its Super Uplink technology to provide gigabit uplink speeds for HD video uploads. For scenarios that require remote operation and control, such as ports, Huawei’s 5G intelligent connectivity technology has introduced features such as pre-scheduling and mini-slot to reduce latency to 20ms and replace 90% of manual labor with automated operations. Thanks to UTDOA and higher bandwidth, Huawei’s 5G intelligent connectivity can support submeter-level location accuracy for smart manufacturing, enhancing the efficiency of production and management at industrial parks.

  • Intelligent IP networks: High bandwidth and lossless for all services

Based on a three-layer AI architecture comprised of network elements, networks, and clouds, Huawei’s intelligent IP networks facilitate the upgrade of campus, WAN, and data center networks to Version 2.0.

Huawei’s CloudCampus 2.0 solution takes campus networks into the gigabit era, providing any application with gigabit connectivity via any device and allowing the intelligent scheduling of network resources. The CloudWAN 2.0 solution brings intelligence to WAN networks. With CloudWAN 2.0, synergy can be achieved between clouds and networks, meeting the needs for differentiated services. CloudFabric 2.0 enables zero packet loss in data center networks and increases both AI compute and storage efficiency by over 30%, helping data center networks become intelligent.

  • F5G intelligent all-optical networks: High bandwidth interconnection and flexible pipes

Huawei has proposed the all-optical network strategy for the F5G era, and launched three intelligent all-optical network solutions.

The first is the Campus OptiX solution. Campus OptiX offers high bandwidth access to meet campus needs for new services such as 4K cameras and VR/AR.

The second is Single OptiX. This solution can meet transmission needs at different rates while greatly increasing efficiency.

The third is DC OptiX. IT staff can deploy DC OptiX with just one click, making it a plug-and-play solution for enterprise scenarios.

Through this strategy, Huawei is committed to extending optical connectivity to the network edge, and bringing the ultimate service experience to every person, home and organization.

Huawei’s ADN solutions target enterprises

Huawei’s ADN solutions bring intelligence to networks. By integrating AI into network elements, networks, and clouds, Huawei’s ADN networks are self-organizing, self-healing, and self-optimizing. These solutions will make digital industry services and hyper-automated operations a reality.

Network elements + AI: AI is applied to upgrade traditional network elements into digital, intelligent network elements, allowing for more agile data sensing and processing of every network element.

Network + AI: Huawei uses AI to redefine network management. The intelligent management and control system helps build network digital twins, and enables the dynamic control and closed-loop management of networks, such as automatic deployment, pre-event simulation, post-event verification, prediction and prevention, and proactive optimization.

Cloud + AI: Huawei provides cloud-based AI training and model services for networks, and continues upgrading the software systems and AI models that are already embedded into its equipment and networks. This constantly improves autonomous driving networks and makes networks smarter.

Huawei’s customers from Shenzhen Airport, China Southern Power Grid, and SPD Bank shared the application of Huawei intelligent connectivity across the transportation, electricity, and finance sectors.

Mr. Wang concluded his speech by saying: "Over the past 40 years, Huawei has worked with all stakeholders to connect the unconnected and build a fully connected world. Over the next 40 years, we are committed to building industry Intelligent Twins with intelligent connectivity."

HUAWEI CONNECT 2020 is an annual flagship event hosted by Huawei for the global ICT industry, and is being held in Shanghai from September 23 to 26, 2020. HUAWEI CONNECT is an open platform designed to help our customers and partners navigate these changes, share experience, and work together to create new value. At this year’s event, we will explore trends and opportunities in industry digitization; showcase advanced ICT technologies, products, and solutions; give you an insider’s look at the fruits of joint innovation; and share best practices in digital transformation. Our ultimate goal is to build an open and sound industry ecosystem that will benefit all stakeholders and create new value for all industries. For more information, please visit:

https://www.huawei.com/en/events/huaweiconnect2020/

Photo – https://photos.prnasia.com/prnh/20200924/2927780-1?lang=0

Related Links :

http://www.huawei.com/cn

PR Newswire

“Paradigm Shift for Greater Value” Huawei drives 100 typical scenario-based solutions built on robust partnership

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SHANGHAI, Sept. 23, 2020 — At HUAWEI CONNECT 2020, Mr. Peng Zhongyang, Board Member, President of Enterprise BG, Huawei, delivered a keynote speech on the theme of "Paradigm Shift for Greater Value". Peng stated that the shift to a new paradigm of industrial digital transformation is urgently needed for the development of our future intelligent society. To drive industrial digitalization and construct the new paradigm, we need to focus on clients’ demands and dreams, realize the new paradigm by scenario-based innovation, and through the synergy across five tech domains to establish a digital ecosystem for mutual benefits with joint creation while creating new value for industries.

At HUAWEI CONNECT 2020, Mr.Peng Zhongyang, Board Member, President of Enterprise BG, Huawei, delivered a keynote speech on the theme of "Paradigm Shift for Greater Value"
At HUAWEI CONNECT 2020, Mr.Peng Zhongyang, Board Member, President of Enterprise BG, Huawei, delivered a keynote speech on the theme of "Paradigm Shift for Greater Value"

Cutting-edge technology, industry know-how, and practices

2020 is an extraordinary year, witnessing explosive growth in technologies together with reforms in different industries. The tremendous potential of digital transformation is to be unleashed on the basis of synergy across five tech domains, in which connectivity, cloud computing, AI and applications develop surrounding 5G in ways never seen before.

By turning coal mines into digital structures for more than 10 scenarios, Huawei has achieved digital twining, making whole mining business digital and smart.

For the Malanshan Video Cultural Creative Industrial Park, Huawei has collaborated with clients and partners to establish the cloud platform for filming process, streamline the entire video production ranging from shooting, editing streaming, to storage and backhaul, shortening the cycle by 30% and reducing cost by 20%.

Huawei has long been adhering to best practices for a better future. In 2018, Huawei’s logistics park in Dongguan underwent transformation that lasted for half a year. With the help of automated equipment and intelligent algorithms, delivery efficiency (volume of goods delivered per capita) has increased by 67%, and the delivery cycle has been shortened by over 50%.

Peng concluded, "There are three decisive factors while digitalizing scenarios. The first one is the cutting-edge technology, allowing integration of ICT with core scenarios. The second one is industry know-how, where we should seek industrial insights in depth and understand the industrial knowledge. Finally, it is all about execution. That is to put all these into practice, turning theories into reality with continuous exploration and innovation."

A new paradigm of digital transformation

A digital ecosystem with which Huawei creates and shares value is crucial for the construction of the prosperous digital future.

In the digitalized era, the essence of business is to "make the cake bigger" and achieve win-win results rather than compete in the zero-sum game. To this end, Huawei proposes to build a "digital ecosystem cube" from three dimensions. The first dimension is to target at the future of digitalization, gain insights of the unsatisfied demands from numerous segmented scenarios in various industries, which is the premise of "the bigger cake". The second dimension is to aggregate different capabilities of various partners and fully play to their strengths, which is the basis of "baking a bigger cake". The third is to develop multiple approaches for collaboration and business models, and make conscious effort to create and share value together. This is the permanent force that continually drives the expansion of market size.

Taking Shenzhen Airport as an example. By working with industry-leading solution partners and based on the synergy across five tech domains that integrates end devices, data management and industry application, Huawei has developed diverse and segmented scenario-based solutions, such as flight scheduling, stand allocation and ground support. In 2019, it helped reduce the number of passengers who took shuttle bus by some 2.6 million, boosting the efficiency of security check by 60%. It has led to a safer airport with better efficiency and superior experience tailor-made for travelers.

Now, Huawei has built on the 100 scenario-based solutions, creating more industrial value associated with partners.

"You can’t find a new land with an old map," Peng said, calling on clients to embrace changes, and craft a new paradigm of industrial digital transformation for a greater future.

At HUAWEI CONNECT 2020, the global leading ICT company also invited clients with great achievements in digital transformation to share their experience.

Chen Jinzu, General Manager of Shenzhen Airport Group, said that Shenzhen Airport is a pioneer in digital transformation, contributing in building a smart civic airport with the wisdom and experience of Shenzhen.

Tang Shaojie, General Manager of Shenzhen Metro Group, said that as the backbone of public transportation, Shenzhen Metro will facilitate station-city integration, high degree of amalgamation of multiple transportation modes across Shenzhen and the region, and joint-construction of the "Greater Bay Area on the track", with a smart city initiative.

In appreciating global partners for their efforts in driving business growth and shared success over the past years, Huawei has presented them with outstanding partner awards of 2020. These recognitions include the Excellent Global Channel Partner, Excellent Global Strategic Partner, Excellent Global Distributor, Excellent Global Industry Solution Partner, Excellent Global Talent Ecosystem Partner, and Excellent HUAWEI CLOUD Channel Partner. Meanwhile, Huawei has announced its declaration of industry ecosystem, that is to innovate and grow together for success together in the future.

HUAWEI CONNECT 2020 is an annual flagship event hosted by Huawei for the global ICT industry, and is being held in Shanghai from September 23 to 26, 2020. HUAWEI CONNECT is an open platform designed to help our customers and partners navigate these changes, share experience, and work together to create new value. At this year’s event, we will explore trends and opportunities in industry digitization; showcase advanced ICT technologies, products, and solutions; give you an insider’s look at the fruits of joint innovation; and share best practices in digital transformation. Our ultimate goal is to build an open and sound industry ecosystem that will benefit all stakeholders and create new value for all industries. For more information, please visit:

https://www.huawei.com/en/events/huaweiconnect2020/

Photo – https://photos.prnasia.com/prnh/20200923/2926017-1?lang=0

Related Links :

http://www.huawei.com/cn

http://www.huawei.com/

PR Newswire

Amazfit Band 5 Launched with Blood Oxygen Saturation, 15-day Battery Life[1] at 44.9USD[2] on Sept. 21st, and Amazon Alexa Built-in[3] Coming Soon

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Can A Band Be Smarter? Check this All-round Band with Varied Health Management and Alexa Built-in.

SHENZHEN, China, Sept. 21, 2020 — Amazfit Band 5, a smart wrist band, launched as the latest offering of Huami to the excellence of Amazfit wearable lineup. Amazfit Band 5 features the very most of the functions what you have as a sports gym band, but also a thorough health management assistant and a smarter wrist band with frequent-used interactions thanks to the upcoming powerful built-in Alexa functions. With an affordable price, Amazfit Band 5 aims to help the public, aged from 18-50 years old or even beyond, to Stay Active and Stay Young in a challenging world nowadays, especially the health conscious and light sportive who seek for better budget.

A Band of Thorough and Science-based Personal Health Management[4]

The category of wearable band normally was considered as basic device at low price. But Amazfit Band 5 makes the "band" category upgraded, especially the personal health management.

  • The precise BioTracker™ 2: Although Amazfit is not a medical device but it shipped with the newest generation PPG optical sensor, Huami BioTracker™ 2nd, providing high-precision 24/7 continuous heart rate measurement with resting heart rate, heart rate zones and high heart rate alert which is the most versatile and precise biosensor ever developed by Huami.
  • The advanced OxygenBeatsTM enables Amazfit Band 5 for Blood Oxygen Saturation measurement, powered by Huami self-developed oxygen data AI engine. Compared with the results of professional oxygen analyzers, the average error of OxygenBeatsTM  is only 1.67%[5] reflecting accuracy superior to that of most wearable wrist devices for blood oxygen detection. The OxygenBeatsTM is applied to the follow-up visits with recovered COVID-19 patients in China.
  • The science-backed PAI™ is the Personal Activity Intelligence Assessment System based on the PaiHealth research[6] from Norway. By a simple activity tracking metric, you can interpret your daily heart rate data into a single and personal score to know how much activity is needed to stay healthy. Backed by science research, that maintaining over 100 PAI is associated with adding up to 5 years[7] to your life and reducing the risk of cardiovascular disease mortality by an average of 25%[8]. Try Amazfit Band 5, you will refresh your understanding of what a heart gym is.
  • Sleep Quality Monitoring can measure your total sleep, light sleep, deep sleep and rapid eye movement (REM) to understand your sleep patterns. Amazfit Band 5 take care of your sleep even during your nap time that of more than 20 minutes in the daytime.
  • Menstrual Period Tracking help the female keep track of the menstrual periods and ovulation periods, and alert ladies before it arrives.
  • Stress Monitoring will calculate your stress level through your heart rate variability with 4 levels including relaxed, normal, medium and high.
  • Breathing Exercise will guide you to a deep breathing session helping you release the stress.
Amazfit Band 5 Launched with Blood Oxygen Saturation, 15-day Battery Life at 44.9USD on Sept. 21st, and Amazon Alexa Built-in
Amazfit Band 5 Launched with Blood Oxygen Saturation, 15-day Battery Life at 44.9USD on Sept. 21st, and Amazon Alexa Built-in

An All-around Band that Everyone Deserves as a Gym and Health Wrist Band

Amazfit Band 5 is currently such an all-round band in the market that brings competitive hardware, software and functions among the wearable bands of the similar price. It ships a 1.1" AMOLED color display with a resolution of 126×294. Even at such a nice price, the screen comes with 2.5D tempered glass and anti-fingerprint coating.

It is light and only weighs 12g without strap. By the Bluetooth 5.0 and power-saving technologies, the 125 mAh battery can keep Amazfit Band 5 working up to 15 days in a typical usage scenario, 25 days in power-saving scenario and standby around 3 months.[9]

Amazfit Band 5 comes with a skin friendly TPU strap of three colors and supports 11 sports modes including swimming thanks to the 5ATM[10] waterproof. It offers a large selection of more than 45 watch faces to download from the App, 2 watch faces support editable widgets so users can personalize them, and even add their own personal picture in the background.

Amazfit Band 5 Can be the Smarter One of the Bands

Can a wrist band be smarter?

The answer is positive. Amazfit Band 5 can make life easier and more fun with Amazon Alexa[11]. With Alexa, you can ask questions, search information, get translations, create shopping lists, set alarms and timers, reminders, check the weather, check notifications, make smart home commands and more. You can talk to Amazfit Band 5, and it responds to users’ voice commands on screen with text responses. For example, just say,

  • "Alexa set a pasta timer. "
  • "Alexa add eggs to my shopping lists."
  • "Alexa turn on the living room lights."
  • "Alexa who is Barack Obama?"

Alexa lives in the cloud, so it’s always getting smarter, adding new capabilities that are delivered to your device automatically. Using Alexa on Amazfit Band 5 is simple and hands-free – just ask, and Alexa will respond instantly. 

IMPORTANT:

  • Amazfit Band 5 is first on sale from September 21st via Amazon in US market. Other market will follow from October.
  • Built-in Alexa capabilities will be enbaled by free OTA updates in the available markets.
  • Download HQ Images of Amazfit Band 5 here, https://bit.ly/3hbyk6M 

About Amazfit

Established in September 2015, Amazfit is a private brand owned by Huami Technology (NYSE: HMI), offering seven series of smartwatch and bracelets products including the Stratos series, Basic series, Flagship series, Health series, Fashion series, Outdoor series, and X series. Amazfit also provide other smart hardware related to sports and health, including TWS sports earbuds, smart treadmills, smart body fat scales and sports gear. With outstanding design and craftsmanship, Amazfit smart watch products have won many prizes, such as the German iF Industrial Design Award and the Red Dot Design Award. Currently, Amazfit products hit the markets of more than 70 countries and regions, including the United States, Germany, and Japan. According to an IDC global wearable device market tracking report, in the first half of 2020, Amazfit watches claimed the largest share of the adult watch market in Italy, Spain, India and other regions, and were also among the top products in regions such as China, Germany, France, Russia, and Brazil.

Find more details about us, https://en.amazfit.com/about.html

Huami Technology, operating since 2013, is a cloud-based healthcare service provider offering the world’s leading smart wearable technologies. In February 2018, Huami Technology was listed on the New York Stock Exchange (NYSE) (stock code: HMI).

Media Contact
press@huami.com 

[1] Battery life test under lab conditions, may vary by usage and conditions
[2] Retail price may vary on markets.
[3] The Built-in Alexa of Amazfit Band 5 will be available by OTA upgrade soon if the market is Alexa available. When available, notifications will be appeared via the Zepp APP (formly known as Amazfit APP) and device. The OTA push time may vary by markets.
[4] This product isn’t a medical device. All data and measurements aren’t intended for medical diagnosis or medical monitoring.
[5] According to Huami’s AI Innovation Conference Keynote, June, 2020
[6] The Science of PAI. Researchers used the HUNT Study data to validate PAI. The HUNT Study is one of the largest health studies ever and was performed by the Nobel Prize-winning Faculty of Medicine at the Norwegian University of Science and Technology. It contains a unique database of the personal and family medical histories of more than 45,000 people over 25 years. https://www.paihealth.com/science-of-pai/default.htm
[7] By applying the PAI algorithm to the HUNT data, researchers found that when individuals consistently exercised at intensities equal to maintaining 100 PAI, it was associated with a reduced risk of cardiovascular disease mortality by an average of 25% and a reduced risk of mortality from other lifestyle-related diseases for men and women of all ages. They also saw that maintaining 100 PAI was associated with an increased life expectancy by an average of 5 years. Quoted from https://www.paihealth.com/science-of-pai/default.htm original link https://cdn.flipsnack.com/widget/v2/widget.html?hash=fd1pf7owi, also see <Personalized Activity Intelligence (PAI) for Prevention of Cardiovascular Disease and Promotion of Physical Activity> https://www.amjmed.com/article/S0002-9343(16)31069-5/abstract
[8] See above footnotes
[9] Battery life test under lab conditions, may vary by usage and conditions
[10] The device passed the test of water resistance level of 5 ATM conducted by third-party institutions.
[11] Will come by OTA update. US market will come first. Other markets will follow if Alexa is avaible.

Photo – https://photos.prnasia.com/prnh/20200917/2919079-1?lang=0

Related Links :

http://en.amazfit.com/about.html