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PR Newswire

JD.com Among FORTUNE 2022 World’s Most Admired Companies with Outstanding Social Responsibility Score

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BEIJING, Feb. 3, 2022 — JD.com is ranked on the FORTUNE 2022 World’s Most Admired Companies list at No. 6 in the Internet Services and Retailing Category. Other companies listed in the Top 8 industry ranking include Amazon, Alphabet, Xiaomi and more.

This is the second time JD.com was named in this list, following last year. To compile this list, FORTUNE collaborated with partner Korn Ferry to survey more than 3,700 executives, directors, and analysts to measure corporate reputation and performance. Nine criteria are examined ranging from long-term investment value, social responsibility, quality of products/services, innovation, global competitiveness and more.

JD.com tops the "social responsibility" score among Chinese companies on the industry ranking. The company also demonstrated outstanding performances in the dimensions of "use of corporate assets", "long-term investment value", and "quality of products/services".

In the continued fight against COVID-19, the company has been on the frontline to donate vital medical and food supplies and leverage its nationwide warehouse and transportation resources to support local communities. Meanwhile, JD’s commitments to green supply chain and a circular economy last year, given its large scale in operation, bore meaningful fruits by clean energy using, packages reduction, second-hand products recycling and more.

Since 2020, JD has been supporting rural China to achieve RMB 320 billion yuan($50 billion) industrial output under a rural revitalization program that aims to drive more than RMB 1 trillion yuan industrial output within three years.

By continuously improving supply chain efficiency, JD achieved an inventory turnover time of 30 days by the third quarter of 2021, a world-class level in managing a pool of over 10 million self-operated SKUs, and realized the less-than-one-hour last-mile delivery service in over 300 cities across China, providing end-to-end solutions for brands and partners, and thus offering a premium shopping experience to consumers in China.

Lately, the company is making innovative moves on its international expansion. In January 2022 alone, JD opened its first robotic retail shops in the Netherlands – an unprecedented omni-channel shopping format in the world –with an attempt to explore the future of retail. A week later on Jan 18th, the company announced a strategic cooperation with Shopify on an "accelerated channel" to help foreign brands and products sell in China and the other way around.

To date, JD’s global supply chain network has covered more than 220 countries and regions in the world, with its international logistics arm operating around 80 bonded and overseas warehouses and cargo flight routes between China and the US, UK and Thailand. Together with various shipping services by air, railway, sea and trucks as well as other cross-border services, overseas orders can be delivered from door-to-door as fast as 48 hours.

In recent years, JD.com has been transforming into a leading supply chain-based technology and service provider. The company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. As the company’s business has grown, it has opened up its capabilities across retail, logistics and technology, empowering partners as well as industry players beyond the JD ecosystem.

JD deems itself as "a new type of real economy enterprise" that possesses both digital and technological capabilities, and the DNA and features of a tangible business. Such a dual characteristic enables JD with the knowledge to understand the development of traditional enterprises in different industries and provide them with the technological support accordingly that best suits their need for digital transformation.

 

PR Newswire

Xiaomi Strengthens Data Protection with Independent Audit of Compliance

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BEIJING, Feb. 3, 2022 — Xiaomi, a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core, has today announced the findings of an independent review into its data protection compliance.

Xiaomi appointed TRUSTe LLC, a subsidiary of TrustArc, to conduct an independent audit of its data protection and security management. The review comprehensively evaluated whether the processing of personal information conducted by Xiaomi is performed in compliance with the General Data Protection Regulation (GDPR) of the European Union (EU). The TRUSTe review summary states: "The measures described in the GDPR Validation Assessment were suitably designed to provide reasonable assurance" that all 40 GDPR Validation Requirements would be met.

As the first ever Chinese enterprise to receive certification from TRUSTe, Xiaomi continues to submit to outside scrutiny when it comes to data protection and user privacy, adopting the GDPR of the EU compliance assessment since 2018.

The Validation Requirements focus on program-level measures in eight areas: Integrated Governance, Risk Management, Resource Allocation, Policies and Standards, Processes, Awareness and Training, Monitoring and Assurance, and Reporting and Certification. A member of the Global Privacy Solutions team from TRUSTe validated that Xiaomi has met the applicable Validation Requirements.

Cui Baoqiu, Xiaomi Vice President and Chairman of Xiaomi Security and Privacy Committee, said the GDPR Validation Assessment is an important step in continuously enhancing the company’s data and security compliance. Xiaomi strives to uphold the highest standards of user privacy policies and practices, particularly for its users in the EU, he added.

Cui Baoqiu stated: "We regularly engage with TRUSTe, as well as other credible institutions globally to warrant that Xiaomi’s user privacy protection, including GDPR compliance, keeps improving and perfecting its practices to offer our users reliable and trustworthy products and services. I’m very pleased to see that Xiaomi has completed TRUSTe’s annual audit of GDPR privacy compliance, which demonstrates our commitment to privacy protection."

TrustArc, which is based in the U.S., is a leading global privacy compliance and risk management company with decades of deep expertise and leadership in building and maturing comprehensive privacy programs and enabling continuous compliance, information governance, and data security.

User security and privacy is Xiaomi’s top priority. In 2014, Xiaomi established its Security and Privacy Committee. In 2016, Xiaomi became the first Chinese enterprise to receive certification from TrustArc. Xiaomi adopted the GDPR of the EU compliance assessment in 2018, and continues to submit to outside scrutiny when it comes to data protection and user privacy. In 2019, Xiaomi security and privacy practices were certificated on ISO/IEC 27001 and ISO/IEC 27018. The company also published the first version of the MIUI security and privacy white paper.

For more information, please visit https://trust.mi.com/compliance

About Xiaomi Corporation

Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core.

Embracing our vision of "Make friends with users and be the coolest company in the users’ hearts", Xiaomi continuously pursues innovations, high-quality user experience and operational efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.

Xiaomi is one of the world’s leading smartphone companies. The company’s market share in terms of smartphone shipments ranked no. 3 globally in the third quarter of 2021. The company has also established the world’s leading consumer AIoT (AI+IoT) platform, more than 400 million smart devices connected to its platform as of September 30, 2021, excluding smartphones and laptops. Xiaomi products are present in more than 100 countries and regions around the world. In August 2021, the company made the Fortune Global 500 list for the third time, ranking 338th, up 84 places compared to 2020.

Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index and Hang Seng China 50 Index.

For more information about Xiaomi as a company, please visit https://www.mi.com/global/discover/newsroom

PR Newswire

Retailo Raises $36M million in Landmark Series A Round For Empowering Community Commerce in MENA Region

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MENA’s fastest growing B2B start-up focusing on regional expansion and many new initiatives to carry momentum forward

RIYADH, Saudi Arabia, Feb. 2, 2022 — Retailo, the fastest growing startup in Middle East, North Africa, and Pakistan (MENAP) which is digitizing the region’s retail supply chains, has raised $36 million in its Series A investment round which was a mix of equity and venture debt. Retailo is a regional B2B marketplace in MENAP and has raised a total investment of $45 million in less than 1.5 years of operations, a landmark for any startup in the region.

 

Retailo’s Co-founders (from L-R) Muhammad Nowkhaiz, Talha Ansari and Wahaj Ahmed.
Retailo’s Co-founders (from L-R) Muhammad Nowkhaiz, Talha Ansari and Wahaj Ahmed.

 

Retailo’s Series A round has attracted leading investors with proven track records of impactful investments. The round was led by Silicon Valley based Graphene Ventures which was an investor of tech giants Snapchat and Lyft.

For Retailo’s Series A, Graphene is joined by leading investors that include 500 Global, Agility, Aujan, Tech Invest Com and Mentor’s Fund, all of which have the relevant exposure and investments in the retail industry’s technology companies. The venture debt was raised from Nahda Fund – one of the Middle East’s first venture debt funds which is backed by IMM Investment Global, based in Hong Kong. Additionally, Shorooq Partners, Abercross Holdings, Arzan VC, AgFunder also participated in the round as repeat investors which demonstrates their continuing belief in Retailo’s successful future.

Retail in MENAP is a $500 billion industry which consists of over 10 million small businesses to serve a population of more than 700 million consumers. However, the majority of this retail industry is informal and undigitized. Small businesses have to rely on inefficient supply chains and limited financial resources while operating on impossible margins. Retailo aims to champion these small business owners by building a suite of technologies around them. The company has begun this via their B2B community commerce platform which is used by over 50,000 retailers monthly.

On Retailo’s mobile platform, small businesses can find a wide catalogue of over 5,000 SKUs which are delivered to their doorstep in less than 24 hours. They can also avail Buy-now-pay-later (BNPL) services, which give them flexible payment options and credit lines. By providing timely supply, competitive rates, and easy credit, Retailo is able to address the needs of retailers and significantly improve their business.

To offer a one-stop shop solution, Retailo (https://retailo.co) directly works with hundreds of leading local, regional and global brands. Retailo also optimizes end-to-end logistics in the supply chain via efficient warehousing operations and smart fleet management solutions. Leveraging its wide regional presence, Retailo has recently begun offering its sellers a cross-border distribution platform across the three biggest markets in the region: KSA, UAE and Pakistan. Retailo also provides data analytics services to sellers to help them evaluate sales performance and consumption trends.

Headquartered in Riyadh, Retailo was founded by former Careem executives Talha Ansari, Wahaj Ahmed and Mohammad Nowkhaiz in July 2020 with a unique regional launch. Growth has been quick and in only 18 months Retailo has scaled to 10+ cities in 3 countries: KSA, UAE and Pakistan. "The multi-market strategy from day one was unconventional and challenging. Covid made it even more so. But now Retailo is a scalable organization with hundreds of millions of dollars in annualized revenue and colleagues from multiple nationalities and diverse backgrounds who have left leading institutions like Amazon, Delivery Hero and Goldman Sachs to fulfil Retailo mission in building technology that empowers 10 million retailers in the region," said Himag Vaidya, Retailo’s Head of Strategy.

Nabil A. Borhanu, partner at Graphene Ventures said, "We are impressed with what Retailo has achieved in an astonishingly short time. Their vision is both ambitious and inspiring and we believe that partnering with them is a sound business investment and also a chance to truly improve the lives of millions of people."    

The Series A funding will help Retailo move into the next phase of expansion into new geographies, verticals and products. "As global supply chains come under stress pushing up commodity prices and depressing GDP growth, the value of smart supply chains becomes even more important," said Retailo’s CEO Talha Ansari. "The retail sector serves 700 million persons in MENAP, contributes almost 20% to the GDP and employs tens of millions. By providing technology solutions to this underserved market, we are not only improving lives but also uplifting the economy of the entire MENAP region."

For further information, please contact:
Sibtain Naqvi
Director Strategic Communications
Retailo Technologies
Email: sibtain.naqvi@retailo.co
+923062497523

PR Newswire

Launch of Sonato Alliance Transforms Reciprocity for Private Member’s Clubs

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The world’s best independent social clubs form an alliance that unlocks global access for their members

SAN FRANCISCO, Jan. 31, 2022 — Today, Sonato® announced the launch of Sonato Alliance, the rapidly-growing invitation-only network of the world’s best independent private social clubs. Offering members the opportunity to connect with other creators, innovators and visionaries, Sonato Alliance gives members seamless access to partner clubs as distinctive as their own when traveling the globe.

Sonato Alliance epitomizes Hospitality Simplified ℠ with straightforward, elegant software that fades into the background of the genuine human interactions that it helps facilitate. The Alliance platform is a powerful ecosystem sitting outside of a club’s existing technology stack, obviating tedious integrations and enabling clubs to focus on the business of building relationships with their members and guests.

Michael Birch, Sonato’s founder, is also co-founder of The Battery with his wife Xochi, a modern private members club in San Francisco. Sonato was born out of Michael’s frustration with the archaic experience of utilizing traditional reciprocity and concerns about the member experience at his own club. "The existing process for requesting a club visit relies on email, telephone—and in some cases fax—all of which represent a significant risk of disappointing the member. Our members compare the club experience not with their last visit to a hotel or restaurant, but to their experience with their iPhone or their Tesla, and expect the same seamless experience from their club," said Birch. "We knew we could improve the experience and do so in ways that would create value for clubs while delighting members."

With the explosion of growth in independent members clubs, Sonato Alliance is at the epicenter of connecting clubs and their members globally. As people emerge from a post-pandemic life, independent private social clubs are often the first place members go to socialize. They offer more than just hospitality; they offer a culture of shared experience and a community which brings members back and keeps people connected. 

How Sonato Alliance Works: 

  • Sonato Alliance upgrades a club’s existing reciprocal network and offers the opportunity to expand to new partners
  • Members gain access to a co-branded mobile app to book visits to partner clubs
  • Clubs use a web app for managing inbound visits and member check-in
  • Moving club booking from email and phone to a real-time booking platform gives members and clubs alike an elevated experience
  • It saves time and streamlines visits for members who are often on the move, adding an additional layer of transparency to club offerings and community

Sonato Alliance has more than 35 founding members representing some of the world’s best independent clubs including The Battery, Kjarval, The Quorum, 1880, Fitler Club, Pershing, Park House and The Britely, to name a few. It is projected that over 45 clubs and 100,000 members will utilize this system by mid-2022.

Clubs wishing to request an invitation to Sonato Alliance may do so through their website.

About Sonato Alliance
Sonato Alliance is the newest, fastest growing invitation-only network of the world’s best independent private social clubs. Offering members the opportunity to connect with other creators, innovators and visionaries, Sonato Alliance gives members seamless access to partner clubs as distinctive as their own when traveling the globe.

Media Contact
Ballantines PR
Melissa Galandak
(310) 454-3080
melissa@ballantinespr.com

PR Newswire

AIG’s Live Social apps Among Fastest Growing in World

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Successes in emerging markets demonstrate AIG’s innovative global leadership in the live social industry

LOS ANGELES, Jan. 30, 2022 — Asia Innovations Group (AIG), the leading global live social company, announced the 2021 top rankings of its live social products. Reported by global 3rd party analytical platforms AppAnnie and Sensor Tower, these rankings exemplified AIG’s leadership in the global live social industry as well as specifically in emerging markets. In 2021, AIG’s live video app Uplive and social dating apps Lamour and Cute U clinched top places in global app rankings based on downloads and consumer spending.

Uplive, the world’s largest live video platform, rose to become the top consumer spend social app in APAC in 2021, App Annie reports. Uplive was also the fastest-growing live video app globally as measured by YoY growth in downloads, according to Sensor Tower. In addition to downloads, Uplive also grew quickly in revenue, placing 3rd among Android social apps globally.

Uplive, the fastest-growing live video app globally
Uplive, the fastest-growing live video app globally

Uplive was also the first global live video app to receive an award from Rotana, one of the largest media groups in the Middle East. This award recognized Uplive’s product innovation as well as commitment to culturally appropriate quality content for the Middle East Region.

Media award from Rotana
Media award from Rotana

AIG’s live social dating apps, Cute U and Lamour, ranked 3rd and 8th respectively in 2021 worldwide dating app downloads. With particularly strong numbers in emerging markets, Cute U and Lamour remain the preferred dating apps for users around the globe.

Top Dating Apps by Yearly Downloads
Top Dating Apps by Yearly Downloads

"AIG is dedicated to providing the best live social user experience across our products, which our tremendous growth in 2021 reflects," said Andy Tian, CEO of AIG. "We are proud of our leadership in the global social app industry, and in particular, our dedication to emerging market users. We look forward to introducing more innovative features and experiences in the upcoming year."

The success of AIG products also reflects the global growth of the dating app and live video industries. App Annie reports that time spent on live streaming apps increased by 900% since 2018, while time spent on dating apps increased by 95%. As the foremost company producing live social products, AIG is strongly positioned as an industry leader in live streaming and dating apps. By placing a priority on emerging markets and diversifying their offerings for local markets, AIG has tapped huge underserved markets to serve a truly global user base. As emerging market’s smartphone penetration and 4G/5G networks further improve, AIG is poised to capture even more share of the fast growing live social user base.

About Asia Innovations Group

Asia Innovations Group (AIG) is a leading live social company with 520 million registered users located in over 150 regions worldwide. It has built a comprehensive and diverse portfolio as it seeks to achieve its mission of enriching people’s lives worldwide through innovative and enjoyable live social products, which foster meaningful human connection. AIG’s portfolio includes leading apps such as Uplive the global live video platform, CuteU and Lamour, leading  dating apps in global emerging markets, as well as other fast growing voice and game based live social apps. It includes operations in eighteen offices around the globe that brings deep local market knowledge across all major emerging markets. Combined with cutting-edge technology and a scalable global infrastructure, AIG is bringing the most exciting social product experiences to users across emerging markets.

Contact: Heather Grizzle 
heather@catalysts.one

PR Newswire

A new generation OBD diagnostic tool launched On Kickstarter!

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Check your all diagnostic reports from anywhere in your phone or tablet, and share for anyone.

ONTARIO, Calif., Jan. 30, 2022 — In the past 2021, Thinkcar Tech has achieved excellent results in the field of personal car owner diagnostic products and vehicle DIY diagnostic products, and has been recognized by users in many countries and regions around the world. In order to improve user experience and after collecting many users’ feedback, a new generation of OBD products will be launched on Kickstarter.

A new generation OBD diagnostic tool launched On Kickstarter
A new generation OBD diagnostic tool launched On Kickstarter

The new generation of Full OBD diagnostic tool by THINKCAR Tech. No only full OBD2 functions, but also OTA & diagnostic reports by Bluetooth transmission. Forget about your computer, let’s keep all your historical diagnostic reports in your phone. You can check your all diagnostic reports from anywhere, and share for anyone. Within the Thinkdiag+ APP community, you can share and exchange automotive diagnostics experiences and anecdotes.

This time we have upgraded stronger materials to make the product last longer and the various repair scenarios are perfectly matched. 2.8 inch screen, bigger screen, more intuitive display. 9 Shortcut Key, reject cumbersome, faster detection of your vehicle. More shortcut keys for quick and direct use in various repair and DIY scenarios.

THINKOBD900 have upgraded stronger materials to make the product last longer and the various repair scenarios are perfectly matched. Featuring a reinforced structure for 1.2 tons of pulling force. Added circuit protection to protect your loving car safety, and the surface protects against scratches and scrapes, preserving the scanner a longer service life. Metal hooks at the bottom, perfect hanging in the garage.

Now we have five packages available at Kickstarter, let’s check the following link: http://kck.st/3o9zeXY

Media Contact: Thinkcar Official, official@thinkcar.com

 

 

A new generation OBD diagnostic tool launched On Kickstarter
A new generation OBD diagnostic tool launched On Kickstarter

PR Newswire

K-Pop Boy Group SHINee Minho’s Version of “AI Guide” Will Guide Gwanghwamun Tourism, Using DeepBrain AI’s AI Human Technology

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SAN MATEO, Calif., Jan. 25, 2022 — DeepBrain AI applied AI human technology to "Gwanghwa-in", a newly created Gwanghwamun Era project in Gwanghwamun, Seoul, and recreated K-Pop group SHINee’s Minho as an "AI guide". This AI version of SHINee Minho is capable of delivering accurate information through AI Human solution that allows real-time conversation. It will provide information on palaces, cultural heritages, tourist attractions and many more including today’s weather.

Image of K-Pop group SHINee Minho as an “AI guide” delivered to "Gwanghwa-in" a newly created Gwanghwamun Era project in Gwanghwamun, Seoul, Korea.
Image of K-Pop group SHINee Minho as an “AI guide” delivered to "Gwanghwa-in" a newly created Gwanghwamun Era project in Gwanghwamun, Seoul, Korea.

Gwanghwa-In is one of eight projects in the Gwanghwa Era project promoted by the Korea Creative Content Agency through the combination of cultural and tourism content and 5G realistic technology, and DeepBrain AI participated in developing AI guides that can be found in Gwanghwa-In.

DeepBrain AI’s AI technology is a solution that creates AI humans capable of real-time two-way communication and provides complete non-face-to-face services in various fields, eliminating time and space constraints in service use, and reducing labor costs.

The AI guide introduced consists of four models including SHINee Minho, serviced in Korean, English, Japanese, and Chinese. The models use core technologies that combine DeepBrain AI’s speech, video synthesis, natural language processing, and voice recognition. For this project DeepBrain AI especially focuses on developing maximum database by utilizing the latest information provided by the Cultural Heritage Administration in developing AI guides and accurately providing the information needed for tourists by learning various dialogue scenarios.

The AI guide serves to provide information on major tourist attractions and cultural heritages in Seoul and travel information such as restaurants and cafes in Gwanghwamun to domestic and foreign tourists who visit the center. First, when the user approaches the AI guide, it automatically switches to the language selection screen, and begins introduction by the welcome greeting of the AI guide.

Media contact: John Son, email: press@deepbrainai.io

PR Newswire

Bilibili Awards Top 100 Content Creators of 2021

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New selection criteria bring diversity to the awards; pan-knowledge content creators surge on Bilibili

SHANGHAI, Jan. 22, 2022 — Bilibili hosted the "BILIBILI POWER UP 2021" Top 100 Content Creators Award Ceremony virtually on Jan 21, 2022, to celebrate and award the outstanding achievements of leading content creators in various categories.

Bilibili introduced the new criteria for the awards selection this year: professionality, influence, and innovation. Awarded Uploaders exemplify these dimensions in many ways. Some Uploaders, who are experts in their professional realms, actively share their knowledge through videos. Graphic designer oooooohmygosh explains complicated designing theories through vivid animation. Some Uploaders’ videos went viral on the Chinese internet in 2021 and made a positive social impact. For example, Uploader Cai Qian made replicas of the golden mask and rod found at the Sanxingdui Ruins, inspiring many Chinese young people to learn about the archaeological discovery.

As Bilibili users have shown growing interest in pan-knowledge content over the past year, more Uploaders who create knowledge-related content joined the Top 100 list. Marine geologist and member of Chinese Academy of Sciences, Wang Pinxian, became a Bilibili Uploader in June 2021, attracting over 1.35 million followers in just half a year. Battles on Sand Tables uses a 3D sand table to recreate the progression of iconic historical battles. Erersuansuan, a Peking University student, amassed over 1.4 million followers by using cute, animated videos to share tips on how to improve learning efficiency. As of 2021, pan-knowledge content views accounted for 45% of total Bilibili video views. 190 million users are watching pan-knowledge videos on Bilibili, 5 times the number of current university students in China.

Uploader Cai Qian at the BILIBILI POWER UP 2021 ceremony
Uploader Cai Qian at the BILIBILI POWER UP 2021 ceremony

More international Uploaders have also joined the Top 100 list, as their talent and expertise keep winning the hearts of Bilibili users. South Korean a cappella group MayTree joined Bilibili in April 2021, and now has over 2 million followers. Their video imitating the sound effects of the game Plants vs. Zombies using just their voices has received nearly 16 million views on Bilibili. American animator Alan Becker joined Bilibili in 2020 and now has over 1 million followers. His videos are especially attractive to the passionate anime lovers on the platform. German fitness creator Pamela Reif has made the list for two consecutive years. "I am grateful that I took the step to create and post videos for my Chinese fitness community," said Reif in her video speech after winning the award.

Three V-UPs (virtual live streamers) including Lingyuan yousa and hanser from Bilibili’s virtual live streamers project VirtuaReal, and Jia Ran from Chinese virtual idol group ASOUL all made the 2021 list. V-UP is the fastest growing category of Bilibili’s livestreaming business. From June 2020 to June 2021, more than 32,000 V-UPs joined Bilibili, a year-over-year (YOY) increase of 40%. 560 million bullet chats were sent during the livestreams of V-UPs, a YOY increase of 100%. Videos uploaded by V-UPs reached 1.89 million and increased 50% YOY, and these videos received 8.3 billion views, a 70% YOY increase.

Bilibili continues to provide incentives and commercial opportunities to encourage its Uploaders to make more high-quality videos. As of Q3 2021, over 480,000 Uploaders have benefited from the Creator Incentive Plan. In August 2020, Bilibili launched the Sparkle platform, which connects brands and agencies with content creators. The platform saw the number of new Uploaders increase 770% YOY, and the number of new brands increase 20-fold only one year after its launch. 75% of brands chose to work with Bilibili Uploaders more than once.

According to its 2021 Q3 financial report, Bilibili has 2.7 million monthly active Uploaders, a YOY increase of 61%. Average monthly video submissions hit a milestone of 10 million and increased 80% YOY. Uploaders with over 10,000 followers increased 42% YOY.

This year marks the fourth year for Bilibili to hold the Top 100 Content Creators Award Ceremony. Being an "Uploader" is a new occupation that is widely recognized by today’s society.

PR Newswire

CooTek Announces Receipt of NYSE Non-Compliance Letter

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SHANGHAI, Jan. 15, 2022 — CooTek (Cayman) Inc. (NYSE: CTK) ("CooTek" or the "Company"), a global mobile internet company, today announced that it has received a letter (the "Letter") from the New York Stock Exchange (the "NYSE") dated January 5, 2022 and further e-mail communication on the same date, notifying the Company that (i) it is below compliance standards due to the Company’s total market capitalization and stockholders’ equity, (ii) the due date for the Company to submit a business plan that demonstrates compliance is April 5, 2022 and (iii) the applicable cure period for the Company to regain compliance expires on July 5, 2023.

Pursuant to applicable NYSE continued listing standards, a company would be considered "below criteria" by the NYSE if its total market capitalization is less than US$50 million over a 30 trading-day period and its stockholders’ equity is less than US$50 million. A review of the current financial condition of the Company by the NYSE shows that, as of January 4, 2022, the Company’s 30 trading-day average market capitalization was approximately US$44.2 million and its last reported stockholders’ deficit as of June 30, 2021 was approximately US$(14) million. Accordingly, the Company is now subject to the procedures as set forth in Sections 801 and 802 of the NYSE Listed Company Manual, and is required to respond within 90 days of the Letter with a business plan that demonstrates compliance with the continued listing standard within 18 months of receipt of the Letter. The business plan will be reviewed for final disposition by the Listings Operations Committee of the NYSE. The Company’s stockholders’ deficit as of September 30, 2021 was approximately US$(11) million.

To address this issue, CooTek intends to comply with the applicable procedures and is still considering its options to regain compliance.

About CooTek (Cayman) Inc.

CooTek is a mobile internet company with a global vision that offers content-rich mobile applications, focusing on three categories: online literature, scenario-based content apps and mobile games. CooTek’s mission is to empower everyone to enjoy relevant content seamlessly. CooTek’s user-centric and data-driven approach has enabled it to release appealing products to capture mobile internet users’ ever-evolving content needs and helps it rapidly attract targeted users.

For more information on CooTek, please visit https://ir.cootek.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident," "optimistic" and similar statements. CooTek may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about CooTek’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: CooTek’s mission and strategies; future business development, financial conditions and results of operations; the expected growth of the mobile internet industry and mobile advertising industry; the expected growth of mobile advertising; expectations regarding demand for and market acceptance of our products and services; competition in mobile application and advertising industry; relevant government policies and regulations relating to the industry and the development and impacts of COVID-19. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and CooTek does not undertake any obligation to update such information, except as required under applicable law.

For investor enquiries, please contact:

CooTek (Cayman) Inc.
Mr. Robert Yi Cui
Email: IR@cootek.com

ICA Investor Relations (Asia) Limited
Mr. Kevin Yang
Phone: +86-21-8028-6033
E-mail: cootek@icaasia.com

PR Newswire

Color Star Technology Co., Ltd. (NASDAQ: CSCW) to Officially Launch Online Course Taught by Football Star David Villa Sanchez on January 1, 2022

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NEW YORK, Dec. 31, 2021 –Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as "Color Star" or the "Company"), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry,  announced that on January 1, 2022, the online video of world famous athlete David Villa Sanchez (hereinafter referred to as "Villa") will be officially launched in the sports section of its celebrity interactive platform, Color Star app. Through the Color Star platform, Villa will share his rich experience in the field of football with fans worldwide and hopes that more people can learn about him and the infinite charm of football.

David Villa Sanchez on Color World APP
David Villa Sanchez on Color World APP

In an effort to bring the highest-quality online celebrity interactive videos and position Color Star app as a top-notch, high-reputation celebrity interactive platform, the Company officially announced its partnership with the world-class athlete David Villa in August this year. Shortly after, in October, the Color Star team travelled to Spain to record Villa’s celebrity video. After two months of meticulous production and preparation, the video will be officially launched on the first day of 2022. Villa himself greatly valued the recording experience, where he not only cooperated well with the Color Star team, but also led the youth team to simulate various football maneuvers and provided vivid explanations. Villa‘s love and passion for football also instilled great admiration in the on-site staff. Villa said, "This is my first-time sharing knowledge about football through the internet. It’s a new and exciting experience, and though my audience is not up close, I will try my best to show each football skill in a vivid way, so that I am teaching the most practical skills and moves."

Sir Lucas Capetian, CEO of Color Star, commented: "In Villa, I sense his persistence and love for football and see his professionalism for the sport. Our mission at Color Star is to create a celebrity interactive platform with the most globalized and professional content, which means the celebrities we sign with must be top professionals in their respective sectors, and the content we bring must be unique. We believe that the launch of Villa’s video will support continued growth in our user membership as well as the profitability of our other related businesses."

At present, the Color Star app platform covers content including sports, music, film and television, instrumental music and other related sectors. In addition, other core components of the Company’s profitability include large-scale performances and cultural and creative products. For celebrities who join the platform, the future Color Star app will also serve as core platform of the metaverse, creating virtual characters and related products for these celebrities and building virtual spaces and scenes so that platform members can experience a more colorful and enriched life.

About Color Star Technology

Color Star Technology Co, Ltd. (Nasdaq: CSCW) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries, Color China Entertainment Ltd. and CACM Group NY, Inc. The Company’s online education is provided through its Color World music and entertainment education platform. More information about the Company can be found at www.colorstarinternational.com.

Forward-Looking Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.  Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company’s goals and strategies; the Company’s future business development, including the development of the metaverse project; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market internationally where CSCW conducts its business; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.