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PR Newswire

Gridsum Receives NASDAQ Notice Regarding Non-Compliance with Minimum Bid Price Requirement

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BEIJING, April 23, 2020 /PRNewswire/ — Gridsum Holding Inc. (“Gridsum” or the “Company”) (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence (“AI”) solutions in China, today announced that on April 17, 2020, it received a letter (the “Nasdaq Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”), indicating that for the last thirty consecutive business days, the bid price for the Company’s American depositary shares (the “ADSs”), each representing one Class B ordinary share of the Company, had closed below the minimum $1.00 per ADS required for continued listing under Nasdaq Listing Rule 5550(a)(2).

The Nasdaq Letter has no immediate impact on the listing of the ADSs on Nasdaq. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day grace period to regain compliance with the minimum bid price requirement. The continued listing standard will be met if the closing bid price of the ADSs is at least $1.00 per ADS for a minimum of ten consecutive business days during such compliance period.

The Nasdaq Letter further indicated that Nasdaq filed an immediately effective rule change with the U.S. Securities and Exchange Commission on April 16, 2020. Pursuant to the rule change, Nasdaq tolled the compliance period for bid price and market value of publicly held shares requirements through June 30, 2020. As a result, the 180-day compliance period will be reinstated on July 1, 2020, and expire on December 28, 2020. Accordingly, if at any time during the tolling period or the 180-day compliance period the closing bid price of the Company’s ADSs is at least $1.00 per ADS for a minimum of ten consecutive business days, the Company will regain compliance with Nasdaq Listing Rule 5550(a)(2), and Nasdaq will provide the Company with written confirmation of compliance.

If the Company does not regain compliance with Rule 5550(a)(2) by December 28, 2020, the Company may be eligible for an additional 180-calendar day compliance period. To qualify, the Company must submit to Nasdaq an application to transfer its Nasdaq listing from the Nasdaq Global Select Market to the Nasdaq Capital Market. Additionally, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and would need to provide written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split if necessary. However, if Nasdaq concludes that the Company will not be able to cure the deficiency, or if the Company determines not to submit a transfer application or make the required representation, Nasdaq would notify the Company that its securities will be subject to delisting. In the event of such a notification, the Company may appeal Nasdaq’s determination to delist its securities, but there can be no assurance that Nasdaq would grant any request for continued listing.

The Company intends to monitor the bid price of its ADSs and consider available options if its ADSs do not trade at a level likely to result in the Company regaining compliance with Nasdaq Listing Rule 5550(a)(2) by December 28, 2020. However, there can be no assurance that the Company will be able to regain compliance or that Nasdaq will grant the Company a further extension of time to regain compliance, if necessary.

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

About Gridsum

Gridsum Holding Inc. (NASDAQ: GSUM) is a leading provider of cloud-based big-data analytics and AI solutions for multinational and domestic enterprises and government agencies in China. Gridsum’s core technology, the Gridsum Big Data Platform and the Gridsum Prophet: Enterprise AI Engine, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsum’s customers to identify complex relationships within their data and gain new insights that help them make better business decisions. The Company is named “Gridsum” to symbolize the combination of distributed computing (Grid) and analytics (sum). As a digital intelligence pioneer, the Company’s mission is to help enterprises and government organizations in China use data in new and powerful ways to make better-informed decisions and be more productive.

For more information, please visit http://www.gridsum.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Forward-looking statements involve inherent risks and uncertainties. Many factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to general economic conditions in China, unexpected difficulties in pursuit of our business strategy, unpredictable demand for solutions we have developed, difficulties keeping and strengthening relationships with existing customers or expanding our customer base, availability of additional capital when needed, uncertainties associated with our repayment of indebtedness and our ability to maintain listing for trading on The Nasdaq Stock Market, and uncertainty about the Proposal. Further information regarding these and other risks is included in Gridsum’s annual report on Form 20-F and other reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.

Investor Relations

Gridsum
ir@gridsum.com

Christensen

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

In U.S. 
Mr. Tip Fleming 
Phone: +1 917 412 3333 
Email: tfleming@christensenir.com

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Source: Gridsum Holding Inc.

PR Newswire

Baidu Announces New Steps to Safeguard Biodiversity Through Technology Solutions

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BEIJING, April 23, 2020 /PRNewswire/ — Baidu, Inc. (NASDAQ:BIDU) today launched several biodiversity protection initiatives that will leverage the company’s leading positions in online content, mobile, and AI to promote scientific knowledge about wildlife protection and fight against illegal online marketplaces for wildlife products.

Baidu has partnered with China’s National Forestry and Grassland Administration (NFGA), the China Wildlife Conservation Association (CWCA), and the International Fund for Animal Welfare (IFAW) to disseminate authoritative information about biodiversity to netizens and promote sustainable lifestyles. Experts at these partner organizations have provided Baidu high-quality content about wildlife conservation, which Baidu is now using to optimize search results on its information-centered platforms, including Baidu App, Baidu Knows, Baidu Encyclopedia, and others. For example, in response to a search query about selling wildlife, Baidu will display an explanation of the relevant Chinese legal provisions that prohibit selling wildlife in most circumstances. On Baidu App, if a user searches what happens to elephants that lose their tusks, the top result will be a Baidu Knows entry from IFAW that explains the vital importance of tusks for elephants. On Baidu Knows, if a user asks “can I eat Chinese alligator?”, the top result will be a response from NFGA explaining that the Chinese alligator is a first-class protected species in China and cannot be eaten. Baidu also launched the Earth Diversity Nature Archive (Earth DNA), an online library for scientific knowledge about wildlife protection, which will include content co-developed by Baidu and its partners.                                    

On Baidu App, in response to a user’s query about elephants losing their tusks, a Baidu Knows entry from IFAW appears as the top result. It explains the types of elephant tusks and why tusks are so important for elephants’ survival.
On Baidu App, in response to a user’s query about elephants losing their tusks, a Baidu Knows entry from IFAW appears as the top result. It explains the types of elephant tusks and why tusks are so important for elephants’ survival.

By increasing access to authoritative information about biodiversity, Baidu’s aim is for more users to make environmentally-friendly decisions. As the world’s largest Chinese language search engine, and with an expansive mobile ecosystem of information and knowledge-centered platforms, Baidu is uniquely positioned to encourage netizens to adopt greener lifestyles and promote a more harmonious relationship between humans and nature. Due to the harmful impacts of humans on the environment, one million animal and plant species are threatened with extinction, according to a May 2019 report from the United Nations on the global state of biodiversity. As the human population and resource consumption continues to grow, safeguarding biodiversity will require concerted efforts from companies, governments, organizations, and individuals around the world.

In line with this vision, Baidu, CWCA, and IFAW launched an initiative calling on individual users and peer technology companies to contribute to wildlife protection. The initiative urges users to adhere to laws that protect wildlife, respect nature, and develop green consumption habits. It also calls on technology companies to co-operate to develop AI-powered applications that protect wildlife, and to eliminate illegal wildlife trade on their online platforms.

Baidu also launched the “AI Guardian of Endangered Species”, an AI-powered tool to identify online images of products related to endangered wildlife, which will empower organizations to monitor and crack down on the illegal wildlife trade. Jointly developed by Baidu’s open source deep learning platform PaddlePaddle and IFAW, the tool has obtained a 75% accuracy rate at recognizing images of products made from elephant ivory, pangolin scales and claws, and tiger teeth, skin, and claws. During a five month testing period, the tool recognized 3,348 images of illegal wildlife products that were being traded on Chinese internet platforms. In recent years, the illegal wildlife trade has shifted to online platforms, with sellers relying on images and other techniques to advertise their products while avoiding detection. Baidu will open source the tool’s identification model on PaddlePaddle so that other developers can build AI applications for combatting the illegal wildlife trade.              

Through these initiatives, Baidu hopes to safeguard biodiversity by delivering high-quality content to users, halting the illegal trade of wildlife online, and making the protection of wildlife a core business purpose, strengthening its existing commitment to biodiversity, according to a Baidu spokesperson.                                                                                         

The participation of technology companies in environmental governance is increasingly important because they can implement innovative, high-tech solutions at a global scale, said the IFAW China director, adding that environmental initiatives form a foundation for sustainable and successful business operations.

This past year, Baidu partnered with the International Union for Conservation of Nature (IUCN) to optimize search results about endangered species. Meanwhile, Baidu has cleaned up more than 260,000 damaging pieces of online information related to wildlife and blocked information promoting the illegal wildlife trade 1.4 million times. Moving forward, Baidu will continue to ensure that its technology is a force for safeguarding biodiversity.

About Baidu

Baidu, Inc. is a leading search engine, knowledge and information centered Internet platform and AI company. The Company’s mission is to make the complicated world simpler through technology. Baidu’s ADSs trade on the NASDAQ Global Select Market under the symbol “BIDU”. Currently, ten ADSs represent one Class A ordinary share.

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Source: Baidu, Inc.

PR Newswire

RattanIndia Finance Wins the Celent Model Bank Award 2020 for Retail Lending Powered by Nucleus FinnOne Neo

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NEW DELHI, April 22, 2020 /PRNewswire/ — Celent, the world’s leading research, advisory and consulting firm focused on financial services technology, has named RattanIndia Finance as the winner of The Celent Model Bank Award 2020 for Retail Lending, powered by FinnOne Neo from Nucleus Software.

Celent Model Bank Awards recognize the best practices of technology usage in banking. RattanIndia Finance deployed FinnOne Neo in the cloud, disrupting the consumer finance market with a superior digital experience, speedy approvals and the rapid launch of innovative loan products. With FinnOne Neo, RattanIndia reduced the time taken to bring new products to market by 50%, decreased the IT resource count by 75% and lowered the cost of ownership by 90%. They recorded rapid business growth and became the first lender to offer loans for electric bikes in India

Mr. Craig Focardi (Senior Analyst, Celent) said, “Although the growth of cloud computing has accelerated in recent years, the movement of mission-critical core lending and banking solutions has not. RattanIndia Finance’s successful transition of its entire end-to-end lending platform for retail and corporate banking is a leading-edge example of the future potential for public cloud, which is why RattanIndia Finance is worthy of Celent’s Model Bank 2020 Award for retail lending.”

Mr. Harvinder Gandhi (Head of Technology, RattanIndia Finance) commented, “We are really excited to win the Celent Model Bank Award, powered by FinnOne Neo. This project helped us differentiate as an agile, digital and customer focused lender. We are delighted that the project confirmed our belief that technology powers business growth and helps us deliver a superior customer experience. The results that we have seen are truly remarkable.”

Mr. R. P. Singh (CEO, Nucleus Software) said, “Our heartiest congratulations to RattanIndia Finance for wining this prestigious Model Bank Award from Celent. RattanIndia Finance is an innovative company and we are proud to support them in their goal to provide a faster, easier and more customer centric experience. This achievement is a further testament to the confidence of global financial services industry in the power, reliability and robustness of our solutions.”

About: Nucleus Software. 

Media Relations:  

Rashmi Joshi
rashmi.joshi@nucleussoftware.com  
+91-9560-694654

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PR Newswire

Sogou Inc. Files its Annual Report on Form 20-F

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BEIJING, April 21, 2020 /PRNewswire/ — Sogou Inc. (NYSE: SOGO) (“Sogou” or “the Company”), an innovator in search and a leader in China’s internet industry, today announced that the Company filed with the Securities and Exchange Commission its Annual Report on Form 20-F for the fiscal year ended December 31, 2019. The Annual Report is available on the Company’s investor relations website at http://ir.sogou.com/.

The Company will provide a hard copy of the Annual Report containing the audited consolidated financial statements of the Company, free of charge, to a shareholder or holder of the Company’s American depositary shares upon written request.   

About Sogou

Sogou Inc. (NYSE: SOGO) is an innovator in search and a leader in China’s internet industry. With a mission to make it easy to communicate and get information, Sogou has grown to become the second largest search engine by mobile queries and the fourth largest internet company by MAU in China. Sogou has a wide range of innovative products and services including the Sogou Input Method, which is the largest Chinese language input software for both mobile and PC. Sogou is also at the forefront of AI development and has made significant breakthroughs in voice and image technologies, machine translation, and Q&A, which have been successfully integrated into our products and services.

For investor enquiries, please contact:

Jessie Zheng
Sogou Investor Relations
Tel: +86 10 5689-8068
Email: ir@sogou-inc.com 

For media enquiries, please contact:

Rachael Layfield
Brunswick Group
Tel: +86 10 5960-8600
Email: sogou@brunswickgroup.com

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Source: Sogou Inc.

PR Newswire

AUTOCRYPT Shortlisted for 2020 TU-Automotive Award – Automotive Tech Company of the Year

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DETROIT, April 20, 2020 /PRNewswire/ — AUTOCRYPT, an all-in-one mobility security solutions company for connected vehicles, was announced as a finalist for the 2020 TU-Automotive Award for the second consecutive year. TU-Automotive represents the entire automotive technology ecosystem with leading representatives from all over the world every year and celebrates the best talent, products, and services across the industry.

AUTOCRYPT Products Lineup
AUTOCRYPT Products Lineup

AUTOCRYPT has continuously developed and improved its automotive cybersecurity products and solutions for all users’ safety, security, and privacy in the automotive industry. Since 2007, AUTOCRYPT has participated in various projects including South Korea’s V2X security certification system project and gained a reputation for creating the global certification standard for government agencies. Additionally, with EV platform providers, AUTOCRYPT has contributed its expertise to support the deployment of V2G security through ISO 15118 testing symposiums across the world. The Chinese leading OEMs and Tier 1 suppliers have also worked closely with AUTOCRYPT in order to integrate the solutions for safer in-vehicle security countermeasures, such as IDS (Intrusion Detection System), secure booting, OTA (Over-The-Air), and so on. 

“We’re honored to have been appreciated by an esteemed automotive organization,” said ES Daniel Kim, CEO of AUTOCRYPT. “As we offer an all-in-one technology products and solutions for OEMs and government agencies, this award is an additional honorable recognition for us on the path to establishing awareness in the automotive security industry in the US and European markets. It will further our efforts in expanding and cooperating with other leading players to accelerate the deployment of safer vehicle security solutions.” 

About AUTOCRYPT

As a leading player in transportation security technologies, AUTOCRYPT provides a secured transportation experience for connected vehicles. AUTOCRYPT’s development began under Penta Security in 2007. A decade later in 2019, it was spun-off as a separate entity and expanded its global presence. Recognized as the Best Auto Cybersecurity Product/Solution by TU-Automotive in 2019, AUTOCRYPT has been aiding in installing modules through various projects to deploy secure V2X, RSU-based communications, and PKI for connected vehicles security. Moreover, AUTOCRYPT has also developed a security solution for Plug&Charge (PnC), a simplified communications solution for EV charging, as well as mobility data platform solutions and fleet management systems. For more information on AUTOCRYPT, visit www.autocrypt.io. For partnership inquiries, email marketing@autocrypt.io. 

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PR Newswire

CMC Technology & Solution Joins Comeet Alliance to Launch “Made in Vietnam” Video Conference Solutions on Open-Source Platform

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HANOI, Vietnam, April 20, 2020 /PRNewswire/ — CoMeet Alliance which includes 5 members of VFOSSA (CMC TS, NetNam, iWay, FDS, DQN) has been developed with the mission to bring effective, safe, secured solution and technological autonomy. CoMeet services are customized with regard to special requirement of agencies, organizations and businesses.

The solution and services provided by CoMeet Alliance are expected to bring multipoint connection, mobility, convenience and promote safety, security, technological autonomy to end-users.
The solution and services provided by CoMeet Alliance are expected to bring multipoint connection, mobility, convenience and promote safety, security, technological autonomy to end-users.

Given the fact that global pandemic COVID-19 has now been more and more complicated and the demand for online working tools is growing sharply, especially when the foreign software is still being questioned by users. Among all of them, the quality of service, safety, security, user commitment, just to name a few, are the most concerned. The solution and services provided by CoMeet Alliance are expected to bring multipoint connection, mobility, convenience and promote safety, security, technological autonomy to end-users.

Some noticeable features which can be named out are online conference, unlimited number of participation areas, screen sharing among members following the coordinator of administrators, private conversation thanks to chat feature and meeting record, etc. More specifically, users can be assured of safety, security as a result of data encryption and member control. Users can also easily navigate the service across multiple platforms such as MS Windows, MAC OS, iOS, Android.

PhD. Nguyen Hong Quang, Chairman of VFOSSA has shared: “Based on the open source resources, the solutions offered by CoMeet Alliance have outstanding advantages in personalization of the system, allowing users to customize the interface as well as integrating with other services such as IP PBX or existing systems of Polycom, Cisco, etc.“ Being optimistic with the trust of government’s agencies and enterprises, Mr. Truong Anh Tuan, the Alliance media representative, said: “The operation of the CoMeet solutions does not depend on the international transmission line. Using domestic bandwidth makes it possible to operate well even when AAG has not yet recovered.“

CMC Technology & Solution (CMC TS) – a member company of CMC Corporation is an IT solutions company that excels as the trusted advisor for organizations in their journey toward digital transformation. Backed by rich IT software, systems integration and security experience, CMC TS guides its customers through the end-to-end digital transformation journey, from consultation to implementation through migration.

 

CoMeet Alliance was founded by 5 members: CMC TS, NetNam, iWay, FDS, DQN, which have currently been recognized as active members of VFOSSA.

 

For more information about the alliance and solutions, please find out on the official website: https://comeet.vn/ .

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PR Newswire

Sohu.com Announces Completion of Changyou Going-Private Transaction

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BEIJING, April 18, 2020 /PRNewswire/ — Sohu.com Limited (NASDAQ: SOHU) (“Sohu”), China’s leading online media, video, search and gaming business group, today announced that it has completed the acquisition of all of the outstanding shares of Changyou.com Limited (“Changyou”) that it did not already beneficially own, through the merger (the “Changyou Merger”) of an indirect wholly-owned subsidiary (“Changyou Merger Co.”) of Sohu with and into Changyou, with Changyou being the company surviving the Changyou Merger. As a result of the Changyou Merger, Changyou has become a private company wholly owned directly and indirectly by Sohu and the American depositary shares of Changyou (the “Changyou ADSs”), each of which represented two Changyou Class A ordinary shares (“Changyou Class A Ordinary Shares”), are no longer traded on the Nasdaq Global Select Market.

Pursuant to the plan of merger for the Changyou Merger, each Changyou Class A Ordinary Share issued and outstanding immediately prior to the effectiveness of the Changyou Merger, other than Changyou Class A ordinary shares owned beneficially by Sohu, was cancelled in exchange for the right to receive $5.40 in cash without interest, and each outstanding Changyou ADS was cancelled in exchange for the right to receive $10.80 in cash without interest (less $0.05 per ADS cancellation fees and other fees as applicable). Because Changyou Merger Co. owned over 90% of the voting power represented by all issued and outstanding shares of Changyou prior to the effectiveness of the Changyou Merger and the Changyou Merger was in the form of a short-form merger in accordance with section 233(7) of the Companies Law of the Cayman Islands, the Changyou Merger was not subject to a vote of the shareholders of Changyou.

In connection with the Changyou Merger, each outstanding and fully‑vested option (each, a “Vested Option”) to purchase Changyou Class A Ordinary Shares under Changyou’s share incentive plans was cancelled, and each holder of a Vested Option has the right to receive an amount in cash determined by multiplying (x) the excess, if any, of $5.40 over the applicable exercise price of such Vested Option by (y) the number of Changyou Class A Ordinary Shares underlying such Vested Option; and each outstanding but unvested option (each, an “Unvested Option”) to purchase Changyou Class A Ordinary Shares under Changyou’s share incentive plans will remain outstanding and continue to vest following the effectiveness of the Changyou Merger in accordance with the applicable Changyou share incentive plan and award agreement governing such Unvested Option in effect immediately prior to the effectiveness of the Changyou Merger.

Changyou has requested that trading of Changyou ADSs on the Nasdaq Global Select Market be suspended, and that the Nasdaq Stock Market LLC (“Nasdaq”) file with the Securities and Exchange Commission (the “SEC”) a Form 25 notifying the SEC of Nasdaq’s withdrawal of the Changyou ADSs from listing on Nasdaq and intention to withdraw the Changyou Class A Ordinary Shares from registration under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Changyou has informed Sohu that it intends to file with the SEC, ten days after Nasdaq files the Form 25, a Form 15 suspending Changyou’s reporting obligations under the Exchange Act and withdrawing the registration of Changyou Class A Ordinary Shares under the Exchange Act. Changyou’s obligations to file with or furnish to the SEC certain reports and forms, including Form 20-F and Form 6-K, will be suspended immediately as of the filing date of the Form 15 and will terminate once the deregistration of Changyou Class A Ordinary Shares becomes effective.

China Renaissance, through its subsidiary CRP-Fanya Investment Consultants (Beijing) Limited, has served as financial advisor to Sohu in connection with the Changyou Merger; Goulston & Storrs PC has served as U.S. legal counsel to Sohu; and Han Kun Law Offices has served as PRC legal counsel to Sohu.

Houlihan Lokey (China) Limited has served as financial advisor to the committee of independent and disinterested directors established by Changyou’s board of directors (the “Changyou Special Committee”) to review and evaluate the Changyou Merger; and Skadden, Arps, Slate, Meagher & Flom LLP has served as U.S. legal counsel to the Changyou Special Committee.

Conyers Dill & Pearman has advised as to Cayman Islands legal matters with respect to the Changyou Merger.

About Sohu

Sohu is China’s premier online brand and indispensable to the daily life of millions of Chinese, providing a network of web properties and community based/web 2.0 products which offer the vast Sohu user community a broad array of choices regarding information, entertainment and communication. Sohu has built one of the most comprehensive matrices of Chinese language web properties and proprietary search engines, consisting of the mass portal and leading online media destination www.sohu.com; interactive search engine www.sogou.com; developer and operator of online games www.changyou.com and the online video website tv.sohu.com.

Sohu’s corporate services consist of online brand advertising on Sohu’s matrix of websites as well as bid listing and home page on its in-house developed search directory and engine. Sohu also provides multiple news and information services on mobile platforms, including Sohu News App and the mobile news portal m.sohu.com. Sohu’s online game subsidiary Changyou develops and operates a diverse portfolio of PC and mobile games, such as Tian Long Ba Bu (“TLBB”), one of the most popular PC games in China. Changyou also owns and operates the 17173.com Website, a game information portal in China. Sohu’s online search subsidiary Sogou (NYSE: SOGO) has grown to become the second largest search engine by mobile queries in China. It also owns and operates Sogou Input Method, the largest Chinese language input software. Sohu, established by Dr. Charles Zhang, one of China’s internet pioneers, is in its twenty-fourth year of operation.

For investor and media inquiries, please contact:

In China:

In the United States:

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Source: Sohu.com Ltd.

PR Newswire

Launch Ceremony of “Yiwugo Live Streaming” & Debut of Yiwugo Top Landladies

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YIWU, China, April 17, 2020 /PRNewswire/ — Yiwugo.com, the official website of the Yiwu Commodity Market, which is the largest commodity wholesale market in the world, held the “Launch Ceremony of Yiwugo Live Streaming & Debut of Yiwugo Top Landladies” at 2:00 pm, April 15, 2020. Ten landladies who had received the title of “Yiwugo Top Landladies” participated in the event and made their debut on the “Yiwugo Live Streaming” platform to recommend products for the audience.

The “2020 Yiwugo Top Landladies”, including Ye Yili from Shifeng Socks Firm; Long Dongzhao from Bacai Toys Firm; Fu Jiangyan from Zhangweichao Socks Firm; Deng Tingting from Nantong Ennas Home Textile Co., Ltd.; Zhang Jiying from Zhejiang Xingbao Umbrella Co., LTD; Li Jun from Yiwu Zongxin Shoes Co., LTD; Fang Hongying from Hongying Magnet; Shi Guangxu from Brilliant Diamond Painting DIY; Zhu Jingwen from Yiwu Chunchao Hatting Factory; and Zhang Limin from Yiwu Weigang Hardware Firm, not only brought the most recommendable flagship products of their stores, but also launched attractive promotional schemes for this live streaming show. Besides, Yiwugo invited Song Yu, the top host in Yiwu to moderate this live streaming show, and Mr. Wang Jianjun, CEO of Yiwugo, also participated to cheer for the landladies. The products introduced by the landladies during the live streaming show preceded waves of purchase orders.

Different from other streaming platforms that depend on “Internet celebrity” to bring traffic and orders, the “Yiwugo Live Streaming” platform featured the business owners who have great insights into the product features, production process and market advantages to recommend the products in person. As the purchase requirements of wholesale buyers are highly rational and professional, they require more specialized product introductions. As business owners know best about their own products, they may present professional product introductions through live streaming and directly address the concerns of the buyers, thus significantly increasing the deal-closing ratio and meeting the particular conditions of the Yiwu market.

2020 - Yiwugo Top Landladies
2020 – Yiwugo Top Landladies

Besides, the “Yiwugo Live Streaming” platform, which is “grafted” onto the Yiwugo APP, also features a matching intelligent recommendation system. During the live streaming process, the system will automatically match and recommend live streaming businesses for interested buyers who have logged on Yiwugo according to their previous research and purchase data. Once the user followed a certain business, it will also receive live streaming recommendations from the business. As more functions are added to the “Yiwugo Live Streaming” platform in the future, Yiwugo will not only help buyers to easily locate their desired goods, but also contribute to closing more deals.

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PR Newswire

SenSen Networks Secures ~USD$1.5M Smart City Contract in US

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SYDNEY, April 17, 2020 /PRNewswire/ — Australian Artificial intelligence solutions provider, SenSen Networks Ltd (ASX: SNS) has today announced it has been awarded a ~USD$1.5M tender with the City of Las Vegas to provide a range of intelligent transportation and smart city solutions. The agreement will support the City of Las Vegas’ goal to become a true Smart City by 2025.

SenSen’s technology will be used to assist the City of Las Vegas in keeping roads safe and congestion free by automating the enforcement of hundreds of bylaws associated with regulating traffic and parking on city streets.

The initial deal, which will be rolled out later this year, will see the introduction and management of two SenForce mobile parking enforcement units and 80 of its Gemineye mobile units. The ultra-portable nature of the Gemineye solution means units can be deployed across enforcement vehicles and car parks, as well as segways, Go4 scooters and city officers.

Commenting on the Contract win, SenSen CEO, Dr Subhash Challa, said,

“SenSen is extremely proud to be working with the City of Las Vegas. Las Vegas is a flagship US city and SenSen is excited to be providing its world-leading AI and video analytics expertise in improving the amenity of the City’s citizens by helping reduce traffic congestion and efficiently manage its parking.” 

“This is a major milestone for our business in the US. We expect operations will continue to grow as more and more forward-thinking cities seek Smart City intelligent transportation solutions.”

The contract marks the first commercial rollout of SenSen technology with a flagship US city customer, while the 80 Gemineye units to be deployed as part of the contract is the largest commercial implementation with a single SenSen customer to date. The City of Las Vegas, is on track to become a Smart City by 2025 with SenSen assisting with its intelligent transportation systems and smart technology.

The City of Las Vegas is an internationally renowned major resort and entertainment city, with over 42 million visitors annually. It is the most populous city in the State of Nevada, USA and serves as the leading financial, commercial and cultural centre for the State.  The City has a population of more than 650,000 residents while the larger Las Vegas metropolitan area has a population of more than 2 million.

The City of Las Vegas contract builds upon SenSen’s expanding footprint in the US, following the ongoing collaborative services agreement with Chicago Parking Meters, LLC to improve parking space management efficiency in the City of Chicago.

For more information please visit: https://www.sensennetworks.com/ 

Notes to Editor

Valuation of Contract Win

There are no material conditions that need to be satisfied prior to the commencement of the contract and SenSen will earn a total of US$1,584,500 over the five-year term of the contract, including:

  • US$397,600 for the systems, software and commissioning of the units, which will be paid in a milestone delivery-based schedule from May to August 2020.
  • US$237,380 annually in recurring revenues and fees for the software licence, hardware maintenance and support services under the five-year term of the contract. This Software as a Service (SaaS) revenue will be paid in equal monthly instalments of US$19,781 over 5 years (60 payments).

Please see attached full media kit here.

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PR Newswire

Chunghwa Telecom 2019 Form 20-F filed with the U.S. SEC

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TAIPEI, April 17, 2020 /PRNewswire/ — Chunghwa Telecom Co., Ltd (TAIEX: 2412, NYSE: CHT) (“Chunghwa” or “the Company”) today announced that the Company filed its 2019 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. The Form 20-F filing is available at https://www.cht.com.tw/en/home/cht.

Hard copies of the Company’s complete audited financial statements can also be requested, free of charge, by contacting Chunghwa, by phone or in writing, at the following address:

Chunghwa Telecom Co., Ltd.
Investor Relations
21-3 Hsinyi Road, Sec. 1, Taipei, Taiwan 100
Tel: +886 2 2344-5488
email: chtir@cht.com.tw

Website: https://www.cht.com.tw/en/home/cht

About Chunghwa Telecom

Chunghwa Telecom (TAIEX 2412, NYSE: CHT) (“Chunghwa” or “the Company”) is Taiwan’s largest integrated telecommunications services company that provides fixed-line, mobile, broadband, and internet services. The Company also provides information and communication technology services to corporate customers with its big data, information security, cloud computing and IDC capabilities, and is expanding its business into innovative technology services such as IoT, AI, etc. In recent years, Chunghwa has been actively involved in corporate social responsibility and has won domestic and international awards and recognition. For more information, please visit our website at www.cht.com.tw.

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Source: Chunghwa Telecom Co., Ltd.