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First Suzhou Jinji Lake China-France Culture and Art Week opens

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Le mur des je t’aime‘s only replica in Asia inaugurated in Suzhou China

SUZHOU, China, Oct. 29, 2022 /PRNewswire/ — The only replica of Le mur des je t’aime in Asia was inaugurated in Suzhou, China on the evening of October 28 (Beijing Time). The First Suzhou Jinji Lake China-France Culture and Art Week also opened on the same day, with various cultural and art events including symphony concerts, film screenings, reading sessions and exhibitions expected to be held in the following days.


Le mur des je t’aime, or the Wall of Love, is a love-themed wall in Montmartre, Paris, France. The wall was created by French artists Frédéric Baron and Claire Kito and is hailed as the “most romantic wall in the world” since on it, the phrase “I love you” is featured 311 times. The 1:1 replica at Ligongdi Cultural Creative Block in Suzhou Industrial Park is its only reproduction in Asia. After inauguration, it will soon become a new cultural attraction of the city and a hot spot for tourists.


The First Suzhou Jinji Lake China-France Culture and Art Week, which is scheduled to end on November 7, features an array of cultural and art exchange activities, such as China-France Symphony Night, an event on the theme of French art and films, “I Love You, Paris” Exhibition, French Literature Reading Week, “Meet Montmartre” Exhibition, “In The Name of Love” Street Painting Art Exhibition, “Montmartre of Paris × Ligongdi of Suzhou” China-France Cultural Fair, and China-France Food Week. Residents of Suzhou are able to feel the authentic French culture and lifestyle near their homes.

The ceremony was livestreamed to the locals in Montmartre via video link to introduce the culture of China and Suzhou, as well as Suzhou Industrial Park. Representatives from the government of the 18th arrondissement of Paris, the Convention and Visitors Bureau of Paris, the France-China Cooperation and Exchange Association, and Montmartre Chamber of Commerce attended the livestreaming event.

The Culture, Sports and Tourism Bureau of Suzhou Industrial Park Administrative Committee and the Convention and Visitors Bureau of Paris signed a cultural partnership convention last year, deciding to organize Suzhou Jinji Lake China-France Culture and Art Week every year and establish friendly cooperation in culture, tourism and art. Montmartre of Paris and Ligongdi of Suzhou also concluded a friendly block agreement.

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Source: The Culture, Sports and Tourism Bureau of Suzhou Industrial Park Administrative Committee

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Call for Entries Issued for 10th Annual Asia-Pacific Stevie Awards

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The only business awards to recognize innovation in business throughout the entire region

FAIRFAX, Va., Oct. 24, 2022 /PRNewswire/ — The Stevie® Awards have issued the call for entries for the 2023 (10th annual) Asia-Pacific Stevie Awards, the only business awards program to recognize innovation in business throughout the entire Asia-Pacific region.

The early-bird entry deadline, with discounted entry fees, is November 22, 2022. The entry deadline is January 17, 2023, but late entries will be accepted through February 15 with the payment of a late fee. Complete entry details are available at http://Asia.StevieAwards.com.

The Asia-Pacific Stevie Awards are open to all organizations in the 29 nations of the Asia-Pacific region: large and small, for-profit and non-profit, public and private.

The awards focus on recognizing innovation in all its forms, wherever it is achieved in the workplace. Entries will be accepted in English in the following awards category groups:

A new category group for 2023 will recognize Thought Leadership innovation in strategy, development, and execution since the beginning of July 2020.

In addition to a number of new categories, a public voting component has been added. Winners in the Company/Organization categories will now be determined by a unique blending of the scores of the professional judges and the votes of the general public.

Asia-Pacific Stevie Award winners will be announced on March 29. Winners will be celebrated and presented their awards during an awards banquet on May 27 in Hanoi, Vietnam.

Scores of professionals from throughout the region will participate in the judging process to determine the Stevie winners.

Some of the Asia-Pacific region’s most innovative organizations have won Asia-Pacific Stevie Awards in the past five years including ABS-CBN Corporation, Cisco Systems, DHL Asia Pacific Shared Services, EventsAIR, Freelancer.com, Fuji Television Network, Inc., Google, Globe Telecom, Hana Financial Group, Hong Kong Tourism Board, HP Inc., IBM, KB Kookmin Card, KT, Megaworld Corporation, MSL China, Nasdaq, Ooredoo, PT Petrokimia Gresik, Seegene Medical Foundation, Shell Philippines Exploration B.V., Shanghai Disney Resort, Singtel, SM Supermalls, Tata Consultancy Services, Telkom Indonesia, VNPT Vinaphone Corporation, Viettel, and more.

The Stevie Award is among the world’s most coveted prizes. The name Stevie is taken from the name Stephen, which is derived from the Greek for “crowned.”

About the Stevie Awards
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 nominations each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.

– Stevie®, American Business Awards® and International Business Awards® are registered trademarks of Stevie Awards, Inc.

* PR Newswire Asia is the official news release distribution partner of the 2023 Asia-Pacific Stevie Awards.

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CGTN: How does China set tone for future of “One Country, Two Systems”?

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BEIJING, Oct. 22, 2022 /PRNewswire/ — The report delivered by Xi Jinping on Sunday at the opening of the 20th National Congress of the Communist Party of China (CPC) in Beijing came at a pivotal point with China embarking on a new journey to build a modern socialist country in all respects.

Unveiling the blueprint for building a modern socialist China in all respects, Xi devoted an entire division of his report to highlighting the importance of “One Country, Two Systems.”

“This policy must be adhered to over the long term,” he vowed, eliminating doubts and misunderstandings about the future of “One Country, Two Systems.”

‘Best institutional arrangement’

The past decade has witnessed historic progress and changes in China’s drive to materialize the vision of “One Country, Two Systems” in the Hong Kong Special Administrative Region (HKSAR) and the Macao Special Administrative Region.

The SARs’ legal systems and enforcement mechanisms for safeguarding national security have been established. The law on safeguarding national security in the HKSAR was enacted, while the region’s electoral system was also refined. Macao also started proceedings to amend its law on safeguarding national security.

In his report, Xi applauded “One Country, Two Systems” as great innovation of socialism with Chinese characteristics. “It has proven to be the best institutional arrangement for ensuring sustained prosperity and stability in Hong Kong and Macao after their return to the motherland.”

He affirmed the principle of “the people of Hong Kong administering Hong Kong and the people of Macao administering Macao” and a high level of autonomy for the two SARs.

Stressing Xi’s report served as a guideline for future actions of the SARs, John Lee, chief executive of the HKSAR, said he was encouraged by the report’s rich content on “One Country, Two Systems,” Hong Kong and Macao affairs as it reveals the great importance that the central government attaches to work related to the SARs and “One Country, Two Systems.”

Lee said the country has always been the strongest backing for the HKSAR in the past five years when the city has gone through the most severe test since its return to the motherland.

Chief Executive of the Macao SAR Ho Iat Seng also hailed that Xi’s report has given a clear direction to Macao for the successful practice of “One Country, Two Systems.”

He noted the report “illustrated that the central government places great importance in, and is cordial regarding its care for ‘One Country, Two Systems,'” and greatly bolstered Macao residents’ confidence in the city’s development.

Integrating into national development

In his report, Xi pledged to help the two regions resolve the deep-rooted and conflictual problems encountered in the course of their development, stressing efforts will be made to support Hong Kong and Macao in better integrating themselves into national overall development.

A key step for advancing “One Country, Two Systems” as well as a vital entry point for the two SARs to integrate themselves into the country’s overall development has been the development plan for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), which was planned and advanced by Xi himself.

The GBA is comprised of the two SARs, and nine cities in neighboring Guangdong Province. The total area is around 56,000 square kilometers, and covers around 6 percent of the Chinese population.

Over the past years, the GBA has swiftly turned plans into actions. A one-hour living circle has been basically formed within the GBA with the construction and operation of the Hong Kong-Zhuhai-Macao Bridge, Guangzhou-Shenzhen-Hong Kong Express Rail Link, and other cross-river channels connecting the Pearl (Zhujiang) River estuary’s eastern and western banks. The total mileage of rail lines in service in the GBA has reached nearly 2,500 kilometers.

In 2021, the number of GBA companies on the Fortune Global 500 list amounted to 25, compared with 17 in 2017, which also surpassed the New York Bay Area for the first time.

The GBA’s GDP hit 12.6 trillion yuan ($1.97 trillion) last year, 2.4 trillion yuan more than in 2017. With less than 1 percent of the country’s land mass, the GBA created 12 percent of the national GDP.

Zhao Chenxin, deputy head of the National Development and Reform Commission, on Monday told a news conference on the sidelines of the ongoing 20th CPC National Congress that China will ramp up efforts to make the GBA an exemplary model for high-quality development, focusing on promoting technological innovation, boosting coordinated industrial development, and improving people’s livelihoods.

https://news.cgtn.com/news/2022-10-21/How-does-China-set-tone-for-future-of-One-Country-Two-Systems–1ejG7iY1ne8/index.html

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CGTN: China to continue green transition toward carbon peak and neutrality

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BEIJING, Oct. 22, 2022 /PRNewswire/ — China will actively implement its policies to work toward the goals of reaching peak carbon emissions by 2030 and carbon neutrality by 2060, Vice Minister of Ecology and Environment Zhai Qing said Friday.

China made the pledges at the United Nations General Assembly in 2020.

“Climate change is a prominent global challenge and a matter of common interest for the international community. General Secretary Xi Jinping has repeatedly emphasized that addressing climate change is not something others ask us to do, but something we want to do,” Zhai said at a press conference on the sidelines of the 20th National Congress of the Communist Party of China (CPC).

“As the world’s largest developing country, China will make the world’s biggest cut in carbon emission intensity, and move from carbon peak to carbon neutrality in the shortest time in history, which fully demonstrates the country’s sense of responsibility as a big country,” he noted.

To achieve the goals, China will accelerate the low-carbon transition in key areas and vigorously push the synergy of pollution reduction and carbon cut, Zhai said.

The country will also advance the national carbon market in a steady and orderly manner, speed up the research, promotion and application of low-carbon technologies, and promote low-carbon production and green lifestyle, he added.

Significant progress in green transition

China has made significant progress in low-carbon transition.

In the past decade, the country has maintained an average economic growth rate of 6.6 percent with an average annual energy consumption growth rate of only three percent, according to Zhai.

In 2020, China’s carbon emission intensity decreased by 48.4 percent compared with that in 2005, exceeding the target it had pledged to the international community, he pointed out.

In 2021, the carbon dioxide emissions per unit of GDP decreased by 34.4 percent compared with that in 2012.

In the same year, the share of coal use in its primary energy mix dropped to 56 percent from 68.5 percent in 2012 and 72.4 percent in 2005. Meanwhile, the proportion of non-fossil energy in its total energy consumption reached 16.6 percent. 

In 2021, China’s installed capacity of renewable energy exceeded 1 billion kilowatts, with that of wind, solar, hydra and biomass energy all ranking the first in the world.

The country also witnessed the largest increase in forest resources and the largest area of afforestation in the world, leading the global greening effort, Zhai said.

China alone accounted for 25 percent of the global net increase in leaf area with only 6.6 percent of global vegetated area, according to a Boston University study tracking NASA satellites from 2000 to 2017, which was published in Nature Sustainability in 2019.

In addition, the country launched the world’s largest carbon market in terms of the amount of greenhouse gas emissions it covered, effectively giving play to the role of the market mechanism in controlling greenhouse gas emissions and promoting low-carbon transition.

Actively contributing to global climate governance

China has also been actively contributing to global climate governance, Zhai noted.

China upholds multilateralism and the principle of common but differentiated responsibilities and respective capabilities, he said, adding that the country has promoted the signature, entry into force, as well as the implementation of the Paris Agreement.

The country has taken an active part in South-South cooperation on climate change. It has done its best to help other developing countries, especially small island countries, African countries, and the least-developed countries, to improve their climate response capacity to reduce the adverse impacts of climate change, said Zhai.

Besides, positive progress has been made in promoting the green development of the Belt and Road Initiative (BRI), Zhai said. Proposed by China in 2013, the BRI envisions trade and infrastructure networks connecting Asia with Europe and Africa along the ancient Silk Road routes.

China established an international coalition for the green development of the Belt and Road in 2019, which has worked to strengthen policy dialogues and joint research, and support the United Nations 2030 Agenda for Sustainable Development, he said.

The coalition currently has more than 150 partners from over 40 countries.

Efforts have been made to improve the innovation and exchanges of green technologies and cultivate talent in environmental management.

“We have trained about 3,000 environmental management personnel, experts and scholars from more than 120 countries, building consensus and synergy for green development,” Zhai said.

Heading forward, China will work with all parties to actively participate in the global governance of climate change. It will promote a fair and rational global climate governance system for win-win results, continue to deepen South-South cooperation on climate change, and contribute China’s strength, wisdom and solutions to global climate change response, he said.

https://news.cgtn.com/news/2022-10-21/China-to-continue-green-transition-toward-carbon-peak-and-neutrality-1ejn24Q034Y/index.html

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China.org.cn: What is the “Chinese path to modernization”?

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BEIJING, Oct. 21, 2022 /PRNewswire/ — A news report by China.org.cn on the 20th National Congress of the Communist Party of China:

Lately, the 20th National Congress of the Communist Party of China (the Congress) has opened. This meeting is being convened at a critical time as China embarks on a new journey to build itself into a modern socialist country in all respects. One of the key takeaways is the proposal of advancing the rejuvenation of the Chinese nation on all fronts through a Chinese path to modernization.

This is a key takeaway because it represents more than just a goal for China’s development in the new era; it clearly points out the path that China, the world’s most populous country, chooses to take towards modernization and national rejuvenation.

Firstly, Chinese modernization pursues not only “prosperity”, but also “common prosperity for all”. China’s rapid economic growth in the over 40 years of reform and opening-up has enabled the basic needs of the Chinese people to be largely met. After persistent hard work in the recent decade, close to 100 million poor rural residents have been lifted out of poverty; the issue of absolute poverty in China has been once and for all resolved, and the dream of building a moderately prosperous society has been achieved. The report to the Congress has once again highlighted the importance of advancing rural revitalization across the board; improving the system of income distribution, implementing the employment-first strategy, and improving the social security system including elderly care, medical care and housing, so as to substantially grow the middle-income group as a share of the total population, guarantee equitable access to basic public services, and ensure modern living standards of living in rural areas by 2035. China has included the pursuit of common prosperity for all in its journey of modernization.

Secondly, Chinese modernization is one of material and cultural-ethical advancement, of harmony between humanity and nature. China pursues significant increase in economic strength, scientific and technological strength, and comprehensive national strength, while stressing the importance of advancing the “Beautiful China” initiative, accelerating the transition to a model of green development, and working actively and prudently toward the goals of reaching peak carbon emissions and carbon neutrality. China also underscores the improvement and development of whole-process people’s democracy, enrichment of the people’s cultural lives and so on. The path China chooses is one of more comprehensive, sustainable and high-quality development.

What’s more, China does not achieve modernization through colonization or invasion, nor will it seek hegemony or expansion in the future. Chinese modernization is one of peaceful development. In my opinion, the core lies in “openness”, “cooperation” and “sharing”. China keeps its door open, builds the “Belt and Road” with other countries, and strives to promote trade and investment liberalization and facilitation; it is committed to supporting and assisting other developing countries in accelerating development, and to building a human community with a shared future. The modernization process of China is also part of the journey of humanity’s common progress and development.

For centuries, countries all around the world have been exploring and striving for modernization. Building China into a great modern socialist country in all respects and realizing the rejuvenation of the Chinese nation is a wish of the Chinese people. China’s path to modernization featuring common prosperity and all-round, coordinated and peaceful development creates a new form of human advancement, which will contribute to building an even better world.

China Mosaic
http://chinamosaic.china.com.cn/index.htm

What is the “Chinese path to modernization”?
http://www.china.org.cn/video/2022-10/21/content_78479362.htm

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CGTN: China welcomes foreign firms to share the dividends of its further development

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BEIJING, Oct. 18, 2022 /PRNewswire/ — China welcomes companies from all over the world to invest in the country and continue to share its development dividends as the Chinese economy has shifted from high-speed growth to high-quality development, a senior official from the country’s top economic planner said on Monday.

“China’s door will open wider,” said Zhao Chenxin, vice chairman of the National Development and Reform Commission (NDRC) and a member of the commission’s CPC leadership group, at a press conference on the sidelines of the ongoing 20th National Congress of the Communist Party of China (CPC), the country’s most important political event this year.

The dual-circulation development pattern, where internal and external markets can reinforce each other and with the domestic market as the mainstay, does not mean that China wants to scale back from opening up or even to pursue a self-sufficient economy, Zhao clarified.

Chinese President Xi Jinping has stressed over and again that the new development pattern is an open dual circulation involving both domestic and foreign markets, instead of a closed domestic loop.

The Chinese economy has long been deeply integrated with the global economy, Zhao said, adding that the domestic and foreign markets are interdependent and mutually reinforcing. 

China to further encourage foreign investment

China will further step up efforts to encourage foreign investment, Zhao said, adding the country will release and implement the 2022 version of the Catalogue of Encouraged Industries for Foreign Investment, which will further expand the scope of encouraged industries for foreign investment.

China’s economy has shifted from high-speed growth to high-quality development, and the country is also facing new situation for attracting foreign investment, he noted.

The country will increase policy support for foreign investment in such areas as advanced manufacturing, higher-quality services, high-tech, energy conservation and environmental protection, he said.

There will also be policy support to foreign investment in China’s less developed central, western and northeastern regions, according to Zhao.

Besides, the country will launch the sixth batch of major foreign-funded projects, and help them solve the difficulties in a timely manner in the process of investment, production and operation, so as to ensure the smooth implementation of the projects.

In addition, China will further optimize services for foreign-funded enterprises, and provide more convenience for international investment, exchanges and cooperation on the premise of preventing and controlling the COVID-19 pandemic.

In the first eight months this year, foreign direct investment (FDI) into the Chinese mainland, in actual use, increased 16.4 percent year on year to 892.74 billion yuan ($127.39 billion), against the backdrop of the COVID-19 pandemic, complicated international situation and weak cross-border investment, Zhao said.

Specifically, the high-tech industries saw FDI inflow surge by 33.6 percent from a year earlier, he noted.

FDI flowing into the country’s western region reported a year-on-year increase of 43 percent, followed by 27.6 percent in the central region and 14.3 percent in the eastern region.

“Generally speaking, multinational companies are confident in investing in China and optimistic about the Chinese market in the long term,” he said.

China will promote higher-level opening-up to the outside world, intensify policy efforts to attract foreign investment, and give better play to the positive role of foreign investment in promoting the country’s high-quality development, he said. 

A rebounding economy with huge opportunities

China’s economy showed a significant rebound in the third quarter, Zhao said.

“Consumer prices have risen modestly, in sharp contrast to the high global inflation, and the employment remained generally stable.”

He underscored that China’s economy has been recovering and resuming its growth momentum despite some fluctuations caused by the unexpected factors this year, such as the external environment, the pandemic and extreme weather.

A slew of policies has been rolled out to shore up the economy, and major economic indicators of the industries, services, investment and consumption are all recovering, according to Zhao.

The country’s economy still faces multiple headwinds. But facing the impact of the unexpected factors, China’s economy has stabilized and rebounded in a relatively short period of time, showing strong resilience and huge potential, Zhao pointed out.

China, with a population of over 1.4 billion, has the world’s largest middle-income class and the advantage of being a super-large market, he noted.

The country’s huge market, advanced infrastructure, industrial systems and supply chains have all laid a solid foundation and provided opportunities for various companies to develop. 

https://news.cgtn.com/news/2022-10-17/China-welcomes-foreign-firms-to-share-the-dividends-of-its-development-1ectGQhMSl2/index.html

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Made-in-China.com: Brings Latest Sourcing Experience for Global Buyers

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NANJING, China, Oct. 16, 2022 /PRNewswire/ — Made-in-China.com, China’s leading comprehensive third-party B2B e-commerce platform, will be holding its annual largest ever virtual sourcing expo from October 15 to October 31, 2022 via its website and mobile app. With over 5,000 suppliers registered as participants for the online event, the Sourcing Expo will bring global buyers a fantastic online sourcing experience and help seek new business opportunities.

With travel to China still remaining largely impractical, Made-in-China.com is working hard to ensure business continuity for global buyers.

This year’s Sourcing Expo can be seen as an online carnival for the buyers, as four distinctive halls are arranged, “New Product Launch”, “Select Factories”, “Online Trading Center”, and “One-Stop Shopping”, which can bring fabulous sourcing experience to the buyers.

In the “New Product Launch” hall, the brand new products with latest design, technology and trend will be gathered there and showed in the live streaming. Selected great suppliers from 16 categories will gather in the live show rooms, do their new products launch, factories guide tour, and chat lively with buyers about purchasing demands.

If you would like to know about some superior Chinese suppliers in advance, you can visit Made-in-China.com Facebook official account to get their introduction and sharing videos.

While in the “One-Stop Shopping” hall, a tremendous sourcing experience can be expected. Made-in-China.com creates hotel, gym, home decoration material, auto parts and office these 5 common sourcing scenarios with advanced technology. Buyers can source in these scenarios with the smart guidance, enjoy the one-stop superior service of Made-in-China.com, shorten the sourcing period and raise the efficiency.

In the online trading center, buyers are able to place instant orders on a range of light industrial products. Great coupons are offered by Made-in-China.com and buyers can use once meets the demands. The whole trade process is under secured as Made-in-China.com offers STS guarantee service to protect money and products quality. The logistics process can be fully visualized if the products are shipped via Made-in-China.com’s logistics services.

The Sourcing Expo starts from today to October 31. If you would like more information about this event, please call +86-25-6667 7777, or email buyerservice@made-in-china.com, or click https://expo.made-in-china.com/expo/register/2022-Sourcing-Expo?uim_source=mic&uim_medium=open_s&uim_campaign=2022SourcingExpoRegister

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Changhong debuts several new household appliances at the 132nd Canton Fair

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  • The key world trade-related event will take place online

GUANGZHOU, China, Oct. 15, 2022 /PRNewswire/ — At the 132nd China Import and Export Fair (Canton Fair) held online and commence on October 15, 2022, Changhong, one of China’s largest consumer electronics and home appliances manufacturers, will showcase a full range of products, including 5G eco-friendly household appliances, Mini LED TVs, Eva model air conditioners as well as Space Pro refrigerators and washing machines. With its technological prowess on the internet of things (IoT), artificial intelligence (AI), big data, and 5G segments, the company will deliver a superior experience to users by providing them with a full suite of innovative and upgraded smart household appliances.

Changhong will make full use of its online platform at the 132nd Canton Fair to launch new products, as well as deploy a VR showroom, a virtual pavilion, and an online live streaming facility. The household appliance maker’s online booth will display products 24/7 while providing a number of services, including supply-demand matching, and online business negotiations, delivering a better experience to buyers. (Visit Changhong’s showroom at: https://www.cantonfair.org.cn/en-US/shops/451692550933632?keyword=&fbclid=IwAR1SwCZbN8tcDUIfA9D1RnzF_TnyrKVQQW_QtDlkd3EUGV-vHbc-mj3HW3c#/)

Changhong debuts multiple new products online

One of the highlights is Changhong’s new Mini LED smart TV that comes equipped with an ultra-thin Mini crystal back panel and the latest quantum dot display technology to deliver superior HDR picture quality, a wide color gamut exceeding 95% and top-notch color accuracy, creating a lifelike viewing experience.

With the latest Android 11 operating system and a 120HZ high refresh rate as well as Motion Estimation, Motion Compensation (MEMC), Changhong’s 98″ large screen TV, the company’s first TV model launched for international markets, effectively addresses jitter and smear associated with high-speed motion pictures.

Changhong’s Eva model, the world’s first air conditioner to support multiple languages and offline voice control, promises a better interactive experience with its support for eight languages alongside voice activation even in locales with no internet access.

Changhong’s impressive exhibits also include Space Pro refrigerators and washing machines that are thinner and smaller in size than comparable products available in the market thanks to the company’s world-leading ultra-thin technology. With a fully upgraded preservation technology, the Space Pro refrigerator series delivers better performance in terms of keeping food fresh by effectively extending the shelf life.

Efforts in expanding sales channels lead to steady growth of Changhong’s international business

Despite the pressure and challenges facing international business in 2022, Changhong widened sales channels while further strengthening its competence in products and technologies as well as its front-end smart manufacturing capabilities. By doing so, it achieved steady growth in three major product lines – TVs, air conditioners as well as refrigerators and washing machines in tandem enhancing its profitability. In particular, the company’s sales revenue of air conditioners showed a year-on-year increase of nearly 40% as of the end of September.

In addition, Changhong has accelerated the build-out of sales channels outside of its home market in China by further expanding its presence in the global e-commerce market. Its high-end smart home appliances brand CHiQ has grown rapidly with products available in over 30 countries worldwide. The brand has also enhanced its competitiveness.

In recent years, Changhong has continued optimizing its business strategy, while further facilitating intelligent manufacturing and upgrading as well as market expansion. The company has also built and consolidated its technological innovation system across the upstream and downstream value chains across multiple sectors, including refrigerator compressors, big data storage, and IoT modules. With a global approach to product development, manufacturing, and business management, Changhong has become a global brand with international visibility.

PR Newswire

VUZ the Leading Immersive Social App Raises $20M in Series B Round

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DUBAI, UAE, Oct. 15, 2022 /PRNewswire/ — VUZ, the leading immersive social app, that allows users to stream and experience a new level of immersive realism in XR and other digital experiences, raises $20 million in series B funding led by international investors including Caruso Ventures, Vision Ventures VC Fund, and strategic investors such as e& capital, investment pillar of e& (formerly known as Etisalat Group), DFDF (Dubai Future District Fund), SRMG, and WIN (Webit Investment Network).

Khaled Zaatarah CEO of VUZ
Khaled Zaatarah CEO of VUZ

Investors in the round included three strategic funds from Europe including WIN, Elbert Capital, and Yasta Partners. Additional Investors that joined the round are Faith Capital, Panthera Capital, and seven of the existing previous investors followed on. With this round, VUZ is now backed by a mix of investors based in the US and EMEA that will play a major role in supporting VUZ in its international expansion.

VUZ, which was known previously as 360VUZ, bridges the gap between the physical and virtual worlds to offer the biggest premium immersive content library in the world with more than 20,000 hours of immersive content covering entertainment, creators, and sports segments, and XR, VR, and AR experiences from virtually anywhere in the world. VUZ’s vision is bringing people together and connecting the world by providing authentic immersive experiences while removing the constraints of (TTA) Travel, Time, and Access to billions of people around the world.

Khaled Zaatarah, the founder of VUZ, commented: “Our mission is to build a hyperconnected product to teleport, empower, and entertain millions of users globally. We are very thankful to have some of the strongest international investors as part of our journey to build a global social immersive platform while leading the new technology revolution, accelerating the future of media and trends such as XR (AR and VR) while building strong sustainable growth.”

The funds will be used to fuel VUZ’s expansion plans in growing its core, accelerate the growth of 10% growth month over month in its recurring subscription revenue, investing in top content, hiring additional key senior hires, new social features, launching Web3 products, and scaling with asset-light operations into 8 additional new international markets, following its partnership and integration with 45 Telecom Operators globally. Telecoms are seeing that immersive media is one of the strongest use cases for 5G and it’s the future of video streaming. Funds will also support VUZ to further scale its Los Angeles office and scale with creators and content in the USA, Asia, and Europe.

“Our plans for the future are 10X stronger than what we have been building for the past 6 years, as we have built the base and now we are ready for sustainable scalability and growth at a scale-up stage. Special thanks to everyone that believed in us and to every member of our team.” Zaatarah adds.

The extended reality immersive platform VUZ reached over 1 Billion Screen Views and is aiming to reach 3 Billion Screen Views in 2023. VUZ provides users and top creators around the world with the latest immersive technologies, different authentic views, and top immersive experiences. Creators’ immersive content collaborations have been one of the core drivers of VUZ where it has top creators with a total reach of over 100 Million globally.

Dan Caruso, Managing Director of Caruso Ventures, an investor, a 3x decacorn entrepreneur, and an avid supporter of entrepreneurship commented: “We are very thrilled for leading the Series B for VUZ, VUZ is uniquely positioned to continue building a global platform and to partner with top telecom operators globally. We will use our deep scale-up experience to support VUZ achieve its global vision.”

Kushal Shah, Head of Venture Capital, e& capital, said: “We are excited about investing in a tech company like VUZ that supports the creation of virtual content as well as enables futuristic immersive experiences. This is in line with our commitment to collaborate with visionary tech businesses that we believe will contribute to building a better and brighter digital future. We will continue to invest into the company’s success, partnering with them to help them achieve growth and enable meaningful progress that moves this digital world forward.”

In addition to the new investors, 360VUZ is backed by investors such as Knollwood Investment Advisory, AlTouq Group, Impact46, Shorooq Partners, KBW Ventures, Media Visions, Hala Ventures, 500Startups, DAI, Al Falaj, Magnus Olsson, Samih Toukan, Jonathan Labin, DTEC Ventures, Plug and Play Ventures, Al Rashid family and other strategic angel investors.

Stay updated with us on Instagram: https://bit.ly/360VUZ-Instagram

Our VUZ Mobile App Link: https://bit.ly/360VUZ-App-PR

VUZ, formerly known as 360VUZ

www.VUZ.com is a tech company founded in 2017 and one of the fastest growing platforms in the world. So far, the company has attracted $30M in venture capital. VUZ has reached over 1 billion screen views and has offices in Dubai, Los Angeles, and Riyadh, and counts a team of more than 50 people with specialties in various types of innovation and product development expertise across multiple technology sectors. Won the startup of the year award and won as a finalist in the Webit Founders Games out of 3,500 tech scaelup tech companies including Time Draper as a jury member.

PR Newswire

PressPlay Completed Series B Funding to Accelerate its Business Expansion

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Expanding with three primary strategies and planning to apply for the emerging stock market in 2023

TAIPEI, Oct. 14, 2022 /PRNewswire/ — PressPlay, the first Influence Economy Group in Taiwan, announced that it had completed Series B Funding with several hundred million. PressPlay plans to use the investment to expand the overseas business, enlarge the organization, optimize the online learning platform experience, and accelerate its influence ecosystem’s growth with three cores: entertainment, brand, and knowledge. PressPlay also plans to apply for the emerging stock market in Taiwan in 2023 to extend its global influence through the power of the capital market.

PressPlay Completed Series B Funding to Accelerate its Business Expansion
PressPlay Completed Series B Funding to Accelerate its Business Expansion

PressPlay expects to grow 50% in 2022 with the three cores
PressPlay was established in 2016 and introduced services closely connected to everyone’s daily life. PressPlay has created its influence ecosystem in three core areas: entertainment, brand, and knowledge.

Entertainment influence: PressPlay now has exclusive contracts with 36 creators in Taiwan and Hong Kong, of which 9 have over 1 million subscribers on YouTube.

Brand influence: Collaborated with several creators since 2019 to incubate lifestyle product brand IPs and launched brands across the beverage, bakery, Korean cuisine, and Taiwanese cuisine markets to build its consumption brand territory continuously.

Knowledge influence: PressPlay Academy (PPA) has built the most advanced online learning platform in Taiwan with influence power and technology and provides diverse learning methods and content.

PressPlay Group achieved $1400 million in gross revenue in 2021 and created a 93% annual growth rate with its business expansion.

“PressPlay starts with agency management, creator brand management, and online learning platform and continues to create different business models to support the monetization of creator influence. IPO is our next step and goal. In the future, we will not only expand our business territory but expect to share more business opportunities with the creators, launch more brands, and create a healthy equation for growing to expand the influence ecosystem. For 2022, I’m confident that we will grow over 50% as a group,” Co-founder Rob Kuo said.

PressPlay announces three major strategies and accelerates overseas expansion. PressPlay officially announced IPO as its next step. PressPlay will keep strengthening the existing strategies and focus on three primary strategies:

  1. Overseas Expansion: Since the launch of the creator agency business in Hong Kong in 2019, PressPlay has created an average of 33% annual growth rate. PressPlay will further introduce its monetization business model for creators to overseas markets and aggressively increase overseas collaboration opportunities.
  2. Cross-business profit maximization: The entertainment sector covers creator agency management, content marketing, social commerce, and co-branding. PressPaly also launched Next Master business to focus on creating online courses for creators and will enhance the collaboration with knowledge content business (PressPlay Academy) to maximize cross-business profits.
  3. Online learning platform “double-perfection”: PressPlay Academy brings “double-perfection” to the platform. It has enhanced video shooting quality and created a “perfect” learning experience with AI technology, covering the learning mechanism, interactive experience, learning tools, creator content evaluation, etc., to maximize the value of technology.

PressPlay co-founder Dennis Lin said: “PressPlay Academy will become a platform combining technology, learning, and content creation this year. We strive to optimize the learning experience and challenge to provide the best video quality among the online learning platforms in Taiwan. We will continue to expand overseas collaboration opportunities, including cross-border business development and sales, not being restricted by topics, boundaries, and standards, and create a dynamic online learning academy globally to be the leading brand in the market.”

About PressPlay
PressPlay is the first 360-degree Creator ecosystem group in Taiwan. PressPlay has been expanding its business territory since 2016 with the missions “Maximize the Value of Influence” and “Utilize Influence to Innovate New Business Opportunities,” striving to create the value of influence for each field with a 360-degree approach closely connected to everyone’s daily life.

Media Enquiries: 

Yaki Cheng 
pr@pressplay.cc

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