Tag Archives: MLM

Boqii Holding Limited Announces Pricing of Initial Public Offering

SHANGHAI, Sept. 30, 2020 — Boqii Holding Limited ("Boqii" or the "Company") (NYSE: BQ), a leading pet-focused platform in China, today announced the pricing of its initial public offering of 7,000,000 American depositary shares ("ADSs"), at US$10.00 per ADS, for a total offering size of US$70 million, assuming the underwriters do not exercise their over-allotment option to purchase any additional ADSs. Each ADS represents 0.75 Class A ordinary share of the Company. The ADSs are expected to begin trading on the New York Stock Exchange today under the ticker symbol "BQ." The offering is expected to close on October 2, 2020, subject to customary closing conditions.

The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 1,050,000 additional ADSs.

Roth Capital Partners, CMB International Capital Limited and Valuable Capital Limited are acting as joint bookrunners of the offering.

A registration statement related to these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This offering is being made only by means of a prospectus forming part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained, when available, by contacting at the following underwriters: (i) Roth Capital Partners, LLC, Attention: Prospectus Department, 888 San Clemente Drive Suite 400, Newport Beach, California 92660, United States, or by calling +1 (800) 678-9147, or by email at rothecm@roth.com; (ii) CMB International Capital Limited, Attention: Prospectus Department, 45F, Champion Tower, 3 Garden Road, Central, Hong Kong, or by calling +852 37618976, or by email at ECMs@cmbi.com.hk; (iii) Valuable Capital Limited, Attention: Prospectus Department, Room 2808, 28th Floor, China Merchants Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong, or by calling +852 25000307, or by email at ECM@valuable.com.hk

About Boqii Holding Limited

Boqii Holding Limited (NYSE: BQ) is China’s largest pet-focused platform in terms of revenue in 2019 and number of customers as of December 31, 2019, and maintains the largest pet-focused online community in China’s pet market in terms of the number of registered users as of December 31, 2019 (according to Frost & Sullivan). At Boqii, we love pets. We are the leading online source for pet products and supplies in China with our broad selection of high-quality products including global leading brands, local emerging brands, and our own private label, Yoken and Mocare, offered at competitive prices. Our online sales platforms, including Boqii Mall, which can be accessed through our mobile app, website and Weixin/WeChat mini programs, as well as our flagship stores on third-party e-commerce platforms, provide customers with convenient access to a wide selection of high-quality pet products and an engaging and personalized shopping experience. Our Boqii Community provides an informative and interactive content platform for users to share their knowledge and love for pets.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

Boqii Holding Limited
Investor Relations
Tel: +86-21-6882-6051
Email: ir@boqii.com

The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
Email: boqii@thepiacentegroup.com

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
Email: boqii@thepiacentegroup.com

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


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

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

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

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

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

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

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

About Publicis Sapient

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

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

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http://publicis.sapient.com

Forging Ahead Against Headwinds

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

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

 

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

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

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

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

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

 

Related Links :

http://www.china.org.cn

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

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

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

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

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

  • BluezenDrone
  • Hancom Mobility
  • Vietmate
  • Textory
  • Youneedcharacter

BluezenDrone

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

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

Hancom Mobility

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

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

Vietmate

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

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

Textory

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

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

Youneedcharacter

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

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

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

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

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

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

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

SCRIPTS Asia and Aiera Partner to Unlock Investor Meeting Access to More Than 1,000 Asia Pacific Companies


SEATTLE, Wash., Sept. 25, 2020 — SCRIPTS Asia Inc., the leading provider of investor event data for Asia Pacific, announced today that it has received a strategic investment and has joined forces with Aiera, an event intelligence and insights platform. Aiera’s users will now have access to earning meetings and other events for more than 1,000 Asia Pacific regional equities through the Aiera platform.

"Access to investor meetings have traditionally been more restrictive in Asia than for U.S. companies," said Ken Sena, CEO and co-founder of Aiera. "Particularly during a global pandemic when travel is challenging, SCRIPTS Asia has been instrumental in helping our users gain direct, timely access to complete event coverage for companies spanning across eight Asia Pacific markets."

This new partnership will offer Aiera’s users access to event audio files, local language transcripts and English translations for key events in Asia.  The alliance will also empower mutual customers to quickly monitor and filter these events based on topic, theme, specific company or product mention, and more — all in the language of their choosing.  

"We are excited to showcase our coverage of Asia Pacific investor events through Aiera’s desktop solution," said Erik Abbott, CEO and founder of SCRIPTS Asia. "Aiera’s machine-learning enabled tools will enable analysts and portfolio managers to efficiently consume and intelligently monitor over 3,500 Asia Pacific investor meeting transcripts; a dataset previously inaccessible to investors."

SCRIPTS Asia also revealed that it has received a strategic investment from Aiera. The funding will go towards expanding event coverage and increasing event types later in the calendar year.  Recently, SCRIPTS Asia celebrated its 1,000th covered company milestone and announced coverage of eight markets in Asia Pacific.

About SCRIPTS Asia

Founded in 2018, SCRIPTS Asia is the leading source of event coverage in Asia Pacific for institutional investors worldwide with offices in the United States, Japan, Hong Kong and Singapore. Please visit www.scriptsasia.com further information.

About Aiera

Aiera’s event access and monitoring intelligence platform improves earnings season (and the investor events in between) through comprehensive calendar tracking, one-click event access, dynamic monitors, multicasting, and more. Powered by an advanced language processing engine, which consumes 40,000+ investor events annually, across 10,000+ global equities, Aiera empowers professionals from investment teams, corporate strategy, and business development roles. Aiera tracks over 4 million global information sources, regardless of language or geography, and covers the leading number of investor events, all major news and media, industry blogs, and regulatory filings. Across this information, users can build their own monitors or select and configure among those created by Aiera’s in-house research team.

Related Links :

http://www.scriptsasia.com

Pangyo Techno Valley’s 100 Bio & Medical Special – MIK HOT SPOT Online Exhibition to open on September 4

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

SEOUL, South Korea, Sept. 25, 2020 — AVING NEWS’ Korea’s only convention media and online exhibition center by itself, began this project to help Korean companies to enter the domestic and foreign markets through MIK HOT SPOT (Made in Korea Online Exhibition) on its way to become the global online hot spot.

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

The five companies that participated in the MIK HOT SPOT_Pangyo Techno Valley 100 Bio & Medical Special are as follows:

  • M2S
  • Rootee Health
  • Exosystems
  • Genome & Company
  • AllLive Healthcare

– M2S

M2S, a digital healthcare specialist, is a startup company that develops and operates eye-related care services and platforms, including its VR ophthalmic testing device VROR. M2S has received spotlight in the global market when VROR, the ophthalmic testing device using virtual reality (VR), was approved by the US FDA in December of last year. The company has 12 domestic and foreign patents related to ophthalmic examination, including the domestic original patents for ophthalmic examination with VR and eye tracking technology. To enter the global market with the ability to create innovative VR AR-based digital contents, M2S is planning to launch Eye.Dr VR, a digital healthcare solution for eye health management in September.

– Rootee Health

ELI Solution provided by Rootee Health is an eye disease test solution that can be easily used by the general public. The feature of this product lies in the eye examination automation technology that automates the process of obtaining good images with AI technology while being portable. "If you just place your face like a VR, the eye exam is done within 10 seconds, and you can finish the eye exam for both eyes within 30 seconds. It is the first portable automatic photographic eye exam device. Because it is portable, it has a big advantage over conventional fixed fundus camera," CEO Guk Gyeong-min said.

– Exo Systems

Lee Hu-man, the CEO of Exosystems, has developed ExoRehab that helps rehabilitate the musculoskeletal system as he founded the company. CEO Lee said, "The most core value of ExoRehab is to train and restore the muscles that make up the musculoskeletal system. The biosignal wearable device analyzes the biosignals of the wearer and provides an exercise program suitable for them in software form. For those who have difficulty in exercising, it provides medical electrical stimulation to help restore muscle."

– Genome & Company

Genome & Company is a bio-venture company established in 2015, developing next-generation innovative new drugs in the field of immune anticancer drugs such as microbiome, new target immune checkpoint inhibitors, and fusion proteins to overcome unmet medical demands of cancer patients. The company is the first Korean microbiome research and development company to collaborate in a clinical trial of concomitant use and supply contract of Merck and Pfizer’s immune anticancer drug Avelumab (product name: Bavencio) and its own immune anticancer microbiome treatment (GEN-001) in December last year. In April of this year, the US Food and Drug Administration (FDA) approved the clinical trial plan (IND), and the clinical trial of concomitant use is in progress. Along with this. in December last year, it concluded an MOU with LG Chem for the exclusive development and commercialization rights for GEN-001 in Korea and the East Asian region.

– AllLive Healthcare

AllLiveC is a platform operated by AllLive Healthcare, Korea’s no. 1 clinical trial support service provider. It is providing the clinical trial online/offline integrated brokerage service that connects applicants who want to participate and the clinical trial centers. Clinical trial is the most important process in the development of new drugs, and a huge amount of time and money is spent. AllLive Healthcare has the goal to innovate these clinical trials with IT technology, and as the first step, it has made the platform that provides the service of recruiting and managing the subjects for clinical trials. By using the IT technology, the recruitment of clinical trial subjects that had been conducted manually is done by AllLiveC, the clinical online/offline clinical trial brokerage service’ It is announcing the clinical trials by online media.

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

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

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

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

Qatar Foundation’s WISE Announces Special E-Book


Education Disrupted, Education Reimagined – Responses from education’s frontline during the COVID-19 pandemic and beyond

DOHA, Qatar, Sept. 22, 2020 — WISE, a Qatar Foundation global education think-tank, in partnership with Salzburg Global Seminar, and Diplomatic Courier, is pleased to announce the official release of a special E-Book titled: Education Disrupted, Education Reimagined – Responses from education’s frontline during the COVID-19 pandemic and beyond.

WISE E-Book Cover
WISE E-Book Cover

The special edition E-Book was produced in real time, as WISE, in partnership with Salzburg Global Seminar, convened key stakeholders and education leaders from over 98 countries in a three-part series of global conferences aimed at bringing the global education community together. The result was a contemporary historical record of how schools, NGOs, governments, and international organizations responded to school closures during the crisis and how they are attempting to use this crisis as a springboard to reimagine – and even transform – education in their communities and countries.

The E-Book offers an opportunity to a global audience to make sense of what happened, but it also offers a breeding ground of ideas from some of the world’s top education thinkers.

"It is our hope that this publication will provide the education community with a reference point from the crisis from which future research, policy, and innovation can grow," said Dr. Asmaa Al-Fadala, editor of the publication and Director of Research and Content Development at WISE.

Contributors include:

  • Her Excellency Sheikha Hind bint Hamad Al-Thani
  • The Right Honorable Gordon Brown
  • Marc A. Brackett
  • Andreas Schleicher
  • Stefania Giannini
  • Manos Antoninis
  • Olli-Pekka Heinonen

To download the Digital Edition of the book, please click here.

Email media@wise.org.qa to receive more information or to request experts for media appearances.

WISE is also hosting a virtual session during the Global Goals Week, on September 29 at 3:30PM (GMT+3) to launch the e-book. Six of the e-book’s authors will discuss the future of education in a post-COVID-19 world during this panel session.

You can register to the session here.

About WISE: WISE is an international, multi-sectoral platform for creative thinking, debate and purposeful action. WISE has established itself as a global reference in new approaches to education. Through both the biennial Summit and a range of ongoing programs WISE is promoting innovation and building the future of education through collaboration. 

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Press Contact:
Lina Lahlou
media@wise.org.qa

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Bitauto Holdings Limited to Hold Extraordinary General Meeting of Shareholders

BEIJING, Sept. 19, 2020 — Bitauto Holdings Limited ("Bitauto" or the "Company") (NYSE: BITA), a leading provider of internet content & marketing services, and transaction services for China’s automotive industry, today announced it has called an extraordinary general meeting of shareholders (the "EGM"), to be held on October 23, 2020 at 10:00 a.m. (China Standard Time), at JingAn Kerry Centre, Tower II, 46th Floor, 1539 Nanjing West Road, Shanghai 200040, China, to consider and vote on, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger (the "Merger Agreement") , dated June 12, 2020, among the Company, Yiche Holding Limited ("Parent"), and Yiche Mergersub Limited, a wholly owned Subsidiary of Parent ("Merger Sub"), the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the "Plan of Merger") and the transactions contemplated thereby, including the merger.

According to the Merger Agreement and the Plan of Merger, at the effective time of the merger, Merger Sub will merge with and into the Company and cease to exist, with the Company being the surviving company and becoming a wholly owned subsidiary of Parent. If consummated, the merger would result in the Company becoming a privately held company, and its American depositary shares (each representing one Class A ordinary share, par value US$0.00004 per share) (the "ADSs") would no longer be listed or traded on the New York Stock Exchange or any other stock exchange, and the Company’s ADS program would be terminated. In addition, the Company’s ADSs and Class A ordinary shares represented by the ADSs would cease to be registered under Section 12 of the Securities Exchange Act of 1934 following the consummation of the merger.

The Company’s board of directors (the "Board"), acting upon the unanimous recommendation of a committee of independent directors established by the Board, authorized and approved the execution, delivery and performance of the Merger Agreement, the Plan of Merger and the consummation of the transactions contemplated thereby, including the merger, and recommends that the Company’s shareholders and ADS holders vote FOR, among other things, the proposal to authorize and approve the execution, delivery and performance of the Merger Agreement, the Plan of Merger and the consummation of the transactions contemplated thereby, including the merger.

Shareholders of record at the close of business in the Cayman Islands on October 9, 2020 will be entitled to attend and vote at the EGM and any adjournment thereof. ADS holders as of the close of business in New York City on September 21, 2020 will be entitled to instruct Citibank, N.A., the ADS depositary, to vote the Class A ordinary shares represented by the ADSs at the EGM.

Additional information regarding the EGM and the Merger Agreement can be found in the transaction statement on Schedule 13E-3 and the definitive proxy statement attached as Exhibit (a)-(1) thereto, as amended, filed with the U.S. Securities and Exchange Commission (the "SEC"), which can be obtained, along with other filings containing information about the Company, the proposed merger and related matters, without charge, from the SEC’s website www.sec.gov. Requests for additional copies of the definitive proxy statement should be directed to Innisfree M&A Incorporated, the Company’s proxy solicitor, at +1-888-750-5834 (toll free in the United States) or +1-412-232-3651 (outside the United States).

SHAREHOLDERS AND ADS HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSED MERGER AND RELATED MATTERS.

The Company and certain of its directors and executive officers may, under SEC rules, be deemed to be "participants" in the solicitation of proxies from the shareholders with respect to the proposed Merger. Information regarding the persons who may be considered "participants" in the solicitation of proxies is set forth in the Schedule 13E-3 transaction statement relating to the proposed Merger and the definitive proxy statement attached thereto. Further information regarding persons who may be deemed participants, including any direct or indirect interests they may have, is also set forth in the definitive proxy statement.

This announcement is for information purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell any securities or a solicitation of any proxy, vote or approval with respect to the proposed transaction or otherwise, nor shall it be a substitute for any proxy statement or other filings that have been or will be made with the SEC.

Safe Harbor Statement

This press release contains statements that express the Company’s current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (the "Act"). These forward-looking statements can be identified by terminology such as "if," "will," "expected" and similar statements. Forward-looking statements involve inherent risks, uncertainties and assumptions. Risks, uncertainties and assumptions include: uncertainties as to how the Company’s shareholders will vote at the meeting of shareholders; the possibility that competing offers will be made; the possibility that financing may not be available; the possibility that various closing conditions for the transaction may not be satisfied or waived; and other risks and uncertainties discussed in documents filed with the SEC by the Company, as well as the Schedule 13E-3 transaction statement and the proxy statement filed by the Company. These forward-looking statements reflect the Company’s expectations as of the date of this press release. You should not rely upon these forward-looking statements as predictions of future events. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Bitauto Holdings Limited

Bitauto Holdings Limited (NYSE: BITA) is a leading provider of internet content & marketing services, and transaction services for China’s automotive industry. Bitauto’s business consists of three segments: advertising and subscription business, transaction services business and digital marketing solutions business.

Bitauto’s advertising and subscription business provides a variety of advertising services to automakers through the bitauto.com website and corresponding mobile apps which provide consumers with up-to-date automobile pricing and promotional information, specifications, reviews and consumer feedback. Bitauto also provides transaction-focused online advertisements and services for promotional activities to its business partners, including automakers, automobile dealers, auto finance partners and insurance companies. Bitauto offers subscription services via its SaaS platform, which provides web-based and mobile-based integrated digital marketing solutions to new car automobile dealers in China. The SaaS platform enables automobile dealer subscribers to create their own online showrooms, list pricing and promotional information, provide automobile dealer contact information, place advertisements and manage customer relationships to help them reach a broad set of purchase-minded customers and effectively market their automobiles to consumers online.

Bitauto’s transaction services business is primarily conducted by its controlled subsidiary, Yixin Group Limited (SEHK: 2858), a leading online automobile finance transaction platform in China, which provides transaction platform services as well as self-operated financing services.

Bitauto’s digital marketing solutions business provides automakers with one-stop digital marketing solutions, including website creation and maintenance, online public relations, online marketing campaigns, advertising agent services, big data applications and digital image creation.

For more information, please visit ir.bitauto.com.

For investor and media inquiries, please contact:

Suki Li
Bitauto Holdings Limited
Phone: +86-10-6849-2145
ir@bitauto.com

Philip Lisio
Foote Group
Phone: +86-10-8429-9544
bitauto@thefootegroup.com

 

Related Links :

http://ir.bitauto.com

The Third UNESCO Creative Cities Beijing Summit Highlights Creativity and Innovation

BEIJING, Sept. 19, 2020 — The Third UNESCO Creative Cities Beijing Summit is held in Beijing from September 17-18, 2020. With the theme of "Creativity empowers cities, technology creates the future", the summit is co-hosted by the United Nations Educational, Scientific and Cultural Organization (UNESCO), Ministry of Education of the People’s Republic of China, People’s Government of Beijing Municipality, National Commission of the People’s Republic of China for UNESCO.

"Beijing, as the City of Design of UNESCO Creative Cities Network (UCCN), has set a good example of integrating the thousands of years of history and cutting-edge technology," the Director-General of UNESCO, Audrey Azoulay, remarked in her opening speech.

"The city serves as a special space for unity, cooperation, and innovation. The development of the city will determine the vision of our future society," added Audrey Azoulay.

During the summit, the e-publication of "UNESCO Creative Cities’ Response to the COVID-19" was globally launched. It collates best practices from member cities of UCCN around the world, leveraging the power of culture and creativity in response to COVID-19. The publication is now available in Chinese, English, French, and the Spanish version to be launched soon.

This summit includes a main forum and three panels. Entitled "Creativity and Innovation: A path to the cities of tomorrow," the main forum highlights on the digital economy and the importance of creativity and innovation as the driving force to build a more sustainable and resilient city in the future. Furthermore, the three panels emphasize three different topics on Creative Cities, Science, Technology and Creativity, as well as Inter-city Collaboration.

For more information on the summit, please visit here.

About UNESCO Creative Cities Network (UCCN)

The UCCN was created in 2004 to promote cooperation with and among cities that have identified creativity as a strategic factor for sustainable urban development. The 246 cities which currently make up this network work together towards a common objective: placing creativity and cultural industries at the heart of their development plans at the local level and cooperating actively at the international level.

Co-anchor of NBC News’ TODAY, co-host of TODAY with Hoda & Jenna and Inspirational Author Hoda Kotb Joins bbcon 2020 Virtual Lineup


Tech conference for a better world also adds performance by Grammy-nominated Natasha Bedingfield

CHARLESTON, South Carolina, Sept. 18, 2020 — Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced TODAY co-anchor, award-winning journalist and bestselling author Hoda Kotb will join the mainstage lineup for bbcon 2020 Virtual, the tech conference for a better world. Due to the impacts of COVID-19, this year’s conference takes place as a global virtual gathering Oct. 6-8 and is free for all attendees.

Hoda Kotb. Photo credit Patrick Randak.
Hoda Kotb. Photo credit Patrick Randak.

"Hoda Kotb brings a brilliant curiosity to her role with TODAY and has faithfully guided viewers through the past six months of the pandemic," said Catherine LaCour, Blackbaud’s chief marketing officer. "On and off camera, she highlights important causes and stories of people persevering through great challenges with resilience and creativity, as she’s done herself. We cannot wait to hear from Hoda at bbcon 2020 Virtual."

A four-time Emmy winner, Kotb joined Savannah Guthrie as co-anchor of TODAY in 2018. A historical move and a first for the morning show landscape, she also co-hosts the fourth hour of TODAY with Hoda & Jenna. Kotb has been a Dateline NBC correspondent since 1998 and has earned multiple journalism accolades, including several Gracie Awards from the Alliance for Women in Media as well as the 2006 Peabody Award and the 2002 Edward R. Murrow Award.

Kotb is also a New York Times bestselling author of books for all ages including I Really Needed This Today (an instant New York Times– Bestseller), Hoda and Ten Years Later, as well as for her two children’s books, I’ve Loved You Since Forever and You Are My Happy. Her newest release, This Just Speaks To Me, an all-new collection of beloved quotes, will be available on Tuesday, October 13.

She resides in New York City with her fiancé, Joel, and their daughters, Haley and Hope.

Special Musical Performance Added

Blackbaud also announced today that international musician Natasha Bedingfield will perform during the tech conference. Previously recognized by VH1 as one of the 100 Greatest Women in Music, the British singer and songwriter has sold millions of albums worldwide and was recognized with a Grammy Award nomination for "Best Female Pop Vocal Performance" for Unwritten. Not only a successful musician, Bedingfield also has strong ties to the social good community. She is an ambassador for Global Angels, a nonprofit established by her mother to empower disadvantaged communities around the world, as well as a supporter of Stop the Traffik, The Black-Eyed Peas Foundation, Elton John AIDS Foundation and many more causes.

With its transformation to an online format, bbcon 2020 Virtual has already registered over 23,000 participants. The roster of previously announced mainstage speakers includes actress and humanitarian Amy Poehler, professor and activist Dr. Cornel West, author and researcher Marc Brackett, Ph.D., five-time Olympic veteran Dara Torres and author and founder/CEO of FRDM Justin Dillon.

For information about bbcon 2020 Virtual and to register for the tech conference for a better world happening Oct. 6-8, visit bbconference.com

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, higher education institutions, K–12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina, and has operations in the United States, Australia, Canada, Costa Rica and the United Kingdom. For more information, visit  www.blackbaud.com or follow us on Twitter, LinkedInInstagram and Facebook.

Media Inquiries
media@blackbaud.com

Forward-looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding expected benefits of products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

Natasha Bedingfield
Natasha Bedingfield

 

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