Tag Archives: PET

Boqii Announces Board Changes

May 9, 2023 TechENT Syndication Leave a comment

SHANGHAI, May 9, 2023 /PRNewswire/ — Boqii Holding Limited (“Boqii” or the “Company”) (NYSE: BQ), a leading pet-focused platform in China, today announced that each of Ms. Noorsurainah (Su) Tengah and Mr. Leaf Hua Li has resigned from their positions as the Company’s directors due to personal reasons, effectively immediately. The Company further announced that Mr. Su Zhang has been appointed as an independent director of the Company and a member of the Audit and Nominating committees of the board, effective immediately.

Mr. Su Zhang, with over 28 years of experience in the technology and internet industry, has worked at Microsoft and other international well-known technology enterprises for more than 20 years. He has served as the general manager of Microsoft (China) General Enterprise Business Division in South China. The board of directors welcomes Mr. Su Zhang to the Company and wishes to extend its deep gratitude to Ms. Tengah and Mr. Li for their contributions to the continued growth of Boqii throughout the years. Mr. Hao Liang, Boqii’s Founder, Chairman and Chief Executive Officer, said: “We are pleased to have Mr. Su Zhang join our board. His deep expertise in technology, internet and management makes him a perfect fit for our board and our business. As we welcome the new addition to our board, we would also like to thank Ms. Tengah and Mr. Li for their support and services to us over the years. We wish them the very best in their future endeavors.”

About Boqii Holding Limited

Boqii Holding Limited (NYSE: BQ) is a leading pet-focused platform in China. We are the leading online destination 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 and 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.

For investor and media inquiries, please contact:

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

DLK Advisory Limited
Tel: +852-2857-7101
Email: ir@dlkadvisory.com

PR Newswire

Waterdrop X PAWAii Co-branded Caremi Fountain, the First NSF-certified Smart Pet Fountain, Is Available on Indiegogo

February 15, 2023 TechENT Syndication Leave a comment

CITY OF INDUSTRY, Calif., Feb. 15, 2023 /PRNewswire/ — As a globally known water purification brand recognized by over 10 million US families, Waterdrop is always dedicated to offering an intelligent and professional whole house water purification solution for millions and millions of families all over the world. They have partnered with a new pet brand, Pawaii, to launch a smart wireless pet fountain called the Caremi fountain. The goal is to combine Waterdrop’s expertise in water purification with smart and fashionable pet products to provide safe and healthy water for pets. With this new product, pets can enjoy the benefits of purified water just like their owners.

Caremi Mobile Smart Pet Water Fountain

According to the lead of the development team of this pet water fountain, the goal of the product is to help owners care for their fur babies without missing out on any vital information that can help improve their pets’ lives. In his words, “the development of science and technology has made it possible to design and manufacture smart eco-products that are dedicated to pets and their families. The Caremi Mobile Smart Pet Water Fountain is our first attempt at leveraging sci-tech to improve the experience of pets and their owners.”

The Caremi Mobile Smart Pet Water Fountain boasts a wide range of excellent features and functionalities. Unlike other regular models out there, this model has a proprietary app that keeps track of the water intake data using the smart weighing module. It can help to monitor how much water their pets drink, how many times, and for how long daily. This also helps pet owners consistently monitor their pet’s health situation whenever and wherever.

Waterdrop coincides with Pawaii’s concept about water health. “Waterdrop’s mission is to protect the health of every family member by providing them with safe drinking water. After noticing that many families were concerned about their pets’ water quality, Waterdrop decided to help through our efforts. This Caremi fountain is provided with Waterdrop’s NSF-certified multi-stage filtration elements to ensure the safety of pet’s drinking water. Furthermore, thanks to the smart wireless design from Pawaii, it really achieves our goal of combining science and technology with user-friendly, modern designs in a single product”, according to a head from the Waterdrop product line.

Waterdrop and Pawaii are introducing a crowdfunding project for the Caremi Mobile Smart Pet Water Fountain, set to run from the 14th of February to the 8th of April, 2023, on Indiegogo. The brand invites pet owners to participate in the exercise on the platform and take advantage of up to 55% discount available to super early bird participants.

If you are in the market for a pet water fountain, now is the best time to make a move. You can never go wrong with the world’s first NSF-certified smart water fountain.

For more on the features of the Pawaii Caremi mobile drinking fountain, head to Indiegogo right away.

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Boqii Announces Unaudited Financial Results for the First Half of Fiscal Year 2023

December 1, 2022 TechENT Syndication Leave a comment

First Half Year Revenues of RMB589.6 million

First Half Year GMV of RMB 1,382.0 million

SHANGHAI, Dec. 1, 2022 /PRNewswire/ — Boqii Holding Limited (“Boqii” or the “Company”) (NYSE: BQ), a leading pet-focused platform in China, today announced its unaudited financial results for the first half of fiscal year 2023 (the Six Months ended September 30, 2022).

Operational and Financial Highlights for the First Half of Fiscal Year 2023：

Total revenues were RMB589.6 million (US$82.9 million), compared to RMB604.0 million in the same period of fiscal year 2022.
Loss from operations was RMB29.6 million (US$ 4.2 million), representing a decrease of 64.2% compared to RMB82.6 million in the same period of fiscal year 2022.
Net loss was RMB 29.5 million (US$4.1 million), representing a decrease of 64.0% from net loss of RMB81.9 million in the same period of fiscal year 2022.
Non-GAAP net loss was RMB28.5 million (US$4.0 million), representing a decrease of 60.6% from non-GAAP net loss of RMB72.4 million in the same period of fiscal year 2022.
EBITDA^{^[1]} was a loss of RMB22.9 million (US$3.2 million), representing a decrease of 70.2% from a loss of RMB77.1 million in the same period of fiscal year 2022.
Total GMV^{^[2]} was RMB1,382.0 million (US$194.3 million), compared to RMB1,484.7 million in the same period of fiscal year 2022.
Active buyers were 3.8 million, representing an increase of 16.4% from 3.3 million in the same period of fiscal year 2022.

^[1]EBITDA refers to net loss excluding income tax expenses, interest expense, interest income, depreciation and amortization expenses. EBITDA is a Non-GAAP financial measurement. Please refer to “Non-GAAP financial measurement”.

^[2]GMV refers to gross merchandise volume, which is the total value of confirmed orders placed with us and sold through distribution model or drop shipping model where we act as a principal in the transaction regardless of whether the products are delivered or returned, calculated based on the listed prices of the ordered products without taking into consideration any discounts. The total GMV amount (i) includes GMV of products sold by Xingmu, (ii) excludes products sold through consignment model and (iii) excludes the value of services offered by us. GMV is subject to future adjustments (such as refunds) and represents only one measure of the Company’s performance and should not be relied on as an indicator of our financial results, which depend on a variety of factors.

CEO & CFO Quote

Mr. Hao Liang, Boqii’s Founder, Chairman and Chief Executive Officer commented, “Boqii was able to demonstrate its resilience, and highlight its value proposition in the first half despite challenges from COVID-19, supply chain, and consumer sentiment. We saw outstanding performance from our private label, with its revenue increasing 30.9% YoY to RMB105.1 million. Our Boqii mall also continues to be the preferred choice for pet parents, as demonstrated by the 16.4% YoY growth to 3.8 million in active buyers. Riding on the increasing platform stickiness and growing contributions from private labels, we also saw an expanding gross profit margin from 18.6% last year, to 21.0% this year. That should lay a solid foundation for our future development.”

Ms. Yingzhi (Lisa) Tang, Boqii’s Co-Founder, Co-CEO and CFO commented, “On top of our private label development, we also saw the increasing value of prudence amid market uncertainties. During the first half of fiscal 2023, we made great strides in cost control, with our operating expenses dropped from 32.2% of total revenue last year, to 26.1% of total revenue this year. That paves the way of a significant reduction in net loss, with the first half ending with a net loss of RMB29.5 million, down by 64.0% year-on-year from RMB81.9 million last year. The improving financial performance shows that our business model and development strategy are right on track, and we look forward to serving more pet parents and industry partners in the future, while generating better results for our shareholders.”

Financial Results for the First Half of Fiscal Year 2023:

Total revenues were RMB589.6 million (US$82.9 million), compared to RMB604.0 million in the same period of fiscal year 2022.

Revenues (in million)	Six Months Ended September 30		%
	2022	2021	change
	RMB	RMB	YoY
Product sales	568.7	577.6	(1.5 %)
· Boqii Mall	238.6	215.9	10.5 %
· Third party e-commerce platforms	330.1	361.7	(8.7 %)
Online marketing and information services and other revenue	20.9	26.4	(20.5 %)
Total	589.6	604.0	(2.4 %)

Gross profit was RMB 123.9 million (US$17.4 million), compared to RMB112.1 million in the same period of fiscal year 2022.

Gross margin was 21.0%, representing an increase of 240 basis points from 18.6% in the same period of fiscal 2022, which is primarily due to improvement of gross margin of private label products and increased proportion of pet supplies and health care products with higher margins.

Operating expenses were RMB153.8 million, representing a decrease of 21.0% from RMB194.7 million in the same period of fiscal year 2022. Operating expenses as a percentage of total revenues was 26.1%, down from 32.2% in the same period of fiscal year 2022.

Fulfillment Expenses were RMB68.2 million, compared to RMB62.5 million in the same period of fiscal year 2022. Fulfillment expenses as a percentage of total revenues were 11.6%, compared to 10.4% in the same period of fiscal year 2022. The increase was primarily due to the increased shipping and handling expenses, which resulted from temporary logistics price increases and transportation restrictions due to the outbreak of Covid-19 in China starting from April 2022.

Sales and marketing expenses were RMB63.5 million, representing a decrease of 29.0% from RMB89.5 million in the same period of fiscal year 2022. The decrease was primarily due to the decline of advertising expenses amount to RMB26.1 million resulting from (i) the lower expenditure for cost saving; (ii) the increased proportion of revenue generated from more cost-efficient channels. Sales and marketing expenses as a percentage of total revenue were 10.8%, down from 14.8% in the same period of fiscal year 2022.

General and administrative expenses were RMB22.1 million, representing a decrease of 48.4% from RMB42.8 million in the same period of fiscal year 2022. The decrease was primarily due to:(i) the decline of share-based compensation expense of RMB13.5 million, resulting form the cancellation of options corresponding to employee departures; (ii) the decline of staff costs amount to RMB3.7 million related to the optimization of our organizational structure; (iii) the decline of professional fees amount to RMB2.5 million compared with the same period of fiscal year 2022. General and administrative expenses as a percentage of total revenue were 3.7%, down from 7.1% in the same period of fiscal year 2022.

Loss from operations was RMB29.6 million (US$ 4.2 million), representing a decrease of 64.2% compared to RMB82.6 million in the same period of fiscal year 2022.

Net loss was RMB29.5 million (US$4.1 million), representing a decrease of 64.0% compared to net loss of RMB81.9 million in the same period of fiscal year 2022.

EBITDA was a loss of RMB22.9 million (US$3.2 million), representing a decrease of 70.2% compared to a loss of RMB77.1 million in the same period of fiscal year 2022.

Non-GAAP net loss was RMB28.5 million (US$ 4.0 million), representing a decrease of 60.6% compared to non-GAAP net loss of RMB72.4 million in the same period of fiscal year 2022.

Diluted net loss per share was RMB0.43 (US$ 0.06), compared to diluted net loss per share of RMB1.16 in the same period of fiscal year 2022.

Total cash and cash equivalents and short-term investments were RMB210.3 million (US$ 29.6million), compared to RMB290.9 million as of March 31, 2022.

Conference Call

Boqii’s management will hold a conference call to discuss the financial results at 8:00 AM on Thursday December 1, 2022, U.S. Eastern Time (9:00 PM on Thursday, December 1, 2022, Beijing/Hong Kong Time).

To join the conference, please dial in 15 minutes before the conference is scheduled to begin using below numbers.

	Phone Number
International	1-412-317-6061
United States	1-888-317-6003
Hong Kong	852 800 963-976
Mainland China	86 4001-206115
Passcode	1311582

A replay of the conference call may be accessed by phone at the following numbers until December 8, 2022.

	Phone Number
International	1-412-317-0088
United States	1-877-344-7529
Replay Access Code	9673562

A live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.boqii.com/.

About Boqii Holding Limited

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company 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 reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding such risks, uncertainties or factors 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 duty to update such information, except as required under applicable law.

Non-GAAP Financial Measures

The Company uses non-GAAP financial measures, namely non-GAAP net loss, non-GAAP net loss margin, EBITDA and EBITDA margin, in evaluating its operating results and for financial and operational decision-making purposes. The Company defines (i) non-GAAP net loss as net loss excluding fair value change of derivative liabilities and share-based compensation expenses, (ii) non-GAAP net loss margin as non-GAAP net loss as a percentage of total revenues, (iii) EBITDA as net loss excluding income tax expenses, interest expense, interest income, depreciation and amortization expenses, (iv) EBITDA margin as EBITDA as a percentage of total revenues. The Company believes non-GAAP net loss, non-GAAP net loss margin, EBITDA and EBITDA margin enhance investors’ overall understanding of its financial performance and allow for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.

These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. As these non-GAAP financial measures have limitations as analytical tools and may not be calculated in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measures, which should be considered when evaluating the Company’s performance. For reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled, “Reconciliation of GAAP and Non-GAAP Results.” The Company encourages investors and others to review its financial information in its entirety and not rely on any single financial measure.

Exchange Rate

This press release contains translations of certain RMB amounts into U.S. dollars (“USD”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB7.1135 to US$1.00, the noon buying rate in effect on September 30, 2022 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred to could be converted into USD or RMB, as the case may be, at any particular rate or at all.

For investor and media inquiries, please contact:

In China:

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

DLK Advisory Limited
Tel: +852-2857-7101
Email: ir@dlkadvisory.com

BOQII HOLDING LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All amounts in thousands, except for share and per share data, unless otherwise noted)

	As of March 31, 2022	As of September 30, 2022	As of September 30, 2022
	RMB	RMB	US$

ASSETS
Current assets:
Cash and cash equivalents	162,855	85,136	11,968
Short-term investments	128,084	125,145	17,593
Accounts receivable, net	49,231	96,215	13,526
Inventories, net	109,921	107,264	15,079
Prepayments and other current assets	116,738	100,516	14,130
Amounts due from related parties	11,726	4,782	672
Total current assets	578,555	519,058	72,968
Non-current assets:
Property and equipment, net	7,779	7,298	1,026
Intangible assets	25,544	23,569	3,313
Operating lease right-of-use assets	38,567	38,693	5,439
Long-term investments	82,319	81,598	11,471
Goodwill	40,684	40,684	5,719
Amounts due from related parties, non-current	–	8,317	1,169
Other non-current asset	4,861	10,092	1,419
Total non-current assets	199,754	210,251	29,556
Total assets	778,309	729,309	102,524
LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ DEFICIT
Current liabilities
Short-term borrowings	161,126	142,336	20,009
Accounts payable	94,224	79,195	11,133
Salary and welfare payable	6,871	6,203	872
Accrued liabilities and other current liabilities	27,324	25,471	3,581
Amounts due to related parties, current	219	102	14
Contract liabilities	7,007	3,208	451
Operating lease liabilities, current	10,001	11,082	1,558
Derivative liabilities	9,086	12,970	1,823
Total current liabilities	315,858	280,567	39,441
Non-current liabilities
Deferred tax liabilities	4,847	4,269
Operating lease liabilities, non-current	28,197	28,078	3,947
Other debts, non-current	181,062	124,399	17,488
Total non-current liabilities	214,106	156,746	22,035
Total liabilities	529,964	437,313	61,476

Mezzanine equity
Redeemable non-controlling interests	6,522	6,844	962
Total mezzanine equity	6,522	6,844	962
Stockholders’ equity:
Class A ordinary shares (US$0.001 par value; 129,500,000 shares authorized, 55,709,591 and 55,743,337 shares issued and outstanding as of March 31, 2022 and September 30, 2022, respectively)	372	373	52
Class B ordinary shares (US$0.001 par value; 15,000,000 shares authorized, 13,037,729 shares issued and outstanding as of March 31, 2022 and September 30, 2022, respectively)	82	82	12
Additional paid-in capital	3,295,336	3,291,793	462,753
Statutory reserves	3,433	3,876	545
Accumulated other comprehensive loss	(46,069)	(23,989)	(3,372)
Accumulated deficit	(2,889,233)	(2,919,198)	(410,375)
Receivable for issuance of ordinary shares	(164,746)	(110,133)	(15,482)
Total Boqii Holding Limited shareholders’ equity	199,175	242,804	34,133
Non-controlling interests	42,648	42,348	5,953
Total shareholders’ equity	241,823	285,152	40,086
Total liabilities, mezzanine equity and shareholders’ equity	778,309	729,309	102,524

BOQII HOLDING LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(All amounts in thousands, except for share and per share data, unless otherwise noted)

	Six Months Ended September 30,
	2021	2022	2022
	RMB	RMB	US$

Net revenues:
Product sales	577,583	568,698	79,947
Online marketing and information services and other revenue	26,384	20,931	2,942
Total revenues	603,967	589,629	82,889
Total cost of revenue	(491,880)	(465,703)	(65,467)
Gross profit	112,087	123,926	17,422
Operating expenses:	–	–
Fulfillment expenses	(62,519)	(68,161)	(9,582)
Sales and marketing expenses	(89,454)	(63,530)	(8,931)
General and administrative expenses	(42,774)	(22,066)	(3,102)
Other income, net	67	242	34
Loss from operations	(82,593)	(29,589)	(4,159)
Interest income	9,864	4,025	566
Interest expense	(12,059)	(7,193)	(1,011)
Other gain/ (losses), net	405	7,190	1,011
Fair value change of derivative liabilities	411	(4,534)	(637)
Loss before income tax expenses	(83,972)	(30,101)	(4,230)
Income taxes expenses	1,247	418	59
Share of results of equity investees	834	184	26
Net loss	(81,891)	(29,499)	(4,145)
Less: Net income attributable to the non-controlling interest shareholders	(3,683)	(299)	(42)
Net loss attributable to Boqii Holding Limited	(78,208)	(29,200)	(4,103)
Accretion on redeemable non-controlling interests to redemption value	(283)	(323)	(45)
Net loss attributable to Boqii Holding Limited‘s ordinary shareholders	(78,491)	(29,523)	(4,148)

Net loss	(81,891)	(29,499)	(4,145)
Other comprehensive income/(loss):
Foreign currency translation adjustment, net of nil tax	(5,765)	22,329	3,139
Unrealized securities holding loss	–	(249)	(35)
Total comprehensive loss	(87,656)	(7,419)	(1,041)
Less: Total comprehensive income attributable to non-controlling interest shareholders	(3,683)	(299)	(42)
Total comprehensive loss attributable to Boqii Holding Limited	(83,973)	(7,120)	(999)

Net loss per share attributable to Boqii Holding Limited’s ordinary shareholders
— basic	(1.16)	(0.43)	(0.06)
— diluted	(1.16)	(0.43)	(0.06)
Weighted average number of ordinary shares
— basic	67,703,830	68,841,500	68,841,500
— diluted	67,703,830	68,841,500	68,841,500

Boqii Holding Limited
Reconciliation of GAAP and Non-GAAP Results
(In thousands, except % and per share data)


		Six Months Ended September 30,
		2021	2022
		RMB	RMB
	Net loss	(81,891)	(29,499)
	Fair value change of derivative liabilities	(411)	4,534
	Share-based compensation	9,903	(3,567)
	Non-GAAP net loss	(72,399)	(28,532)
	Non-GAAP net loss Margin	(12.0 %)	(4.8 %)


		Six Months Ended September 30，
		2021	2022
		RMB	RMB
	Net loss	(81,891)	(29,499)
	Income tax expenses	(1,247)	(418)
	Interest expenses	12,059	7,193
	Interest income	(9,864)	(4,025)
	Depreciation and amortization .	3,885	3,815
	EBITDA	(77,058)	(22,934)
	EBITDA Margin	(12.8 %)	(3.9 %)

	Notes for all the condensed consolidated financial schedules presented:
	Note 1: The conversion of Renminbi (RMB) into U.S. dollars (USD) is based on the certified exchange rate of USD1.00=RMB7.1135 on 30 September, 2022 published by the Federal Reserve Board.

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Oneisall Launches Advanced 7-in-1 Pet Grooming Kit with Super-Silent Vacuum for Dogs, Cats and Other Furry Friends

November 25, 2022 TechENT Syndication Leave a comment

For those who are always bothered by dog and cat hair in their homes, and those stuck paying the bill for their pets’ monthly grooming sessions, it is time to take one step forward and change their stereotype of pet grooming as a job that is too professional to conduct at home. An Oneisall Advanced 7-in-1 Pet Grooming Kit will help them to unlock a new realm of staying with their pets.

SHENZHEN, China, Nov. 25, 2022 /PRNewswire/ — Oneisall, one of the leading pet grooming brands in North America, recently launched its new 7-in-1 Pet Grooming Vacuum Kit, a perfect time for the holiday season.

Oneisall kit’s seven industry-disrupting grooming tools that solve pet care problems include:

A grooming brush and deshedding tool, with its cutting-edge vacuum function, easily removes loose fur and hairs leaving the family pet’s hair looking silky and smooth while hoovering up all the collected hair into an easy-to-use, mess-free, detachable 1.4-liter dust box.
A cordless electric clipper and vacuum combo along with a dog nail grinder empowers pet owners to do the big job of grooming their animals at home, indoors or outdoors.
Two special vacuum cleaner heads are also included for daily use that can be used to suck up pet hair from carpets, difficult to reach sofa nooks, as well as floors of all types.
The low noise design means the vacuum is a silent 60 decibels with three adjustable suction levels to choose from which ensure pets are calm and relaxed during grooming.

Terry Zhang, Founder of Oneisall, said, “An eternal worry and constant irritation for pet owners have always been their pet’s hair and fur getting everywhere in the home, not to mention the difficulty faced when attempting to do the job of grooming their pets themselves. We are confident that our innovative pet grooming kit with an added vacuum will allow every pet owner to reduce the hassle they have with keeping their pets looking great. After 18 months of development and testing, the Oneisall 7-in-1 Pet Grooming Vacuum Kit was born which I believe represents a significant breakthrough for the pet grooming industry. We hope that it can create an even stronger bond between families and their furry friends.”

Oneisall has always been committed to providing pet owners with innovative and, in many cases, life-changing grooming solutions. Since its release in 2017, more than 2 million units of the Oneisall P2 Golden Dog Rechargeable Cordless Clippers have been sold on Amazon and thanks to its excellent performance and pet-friendly experience, has become a number one seller on Amazon in the United States and Germany.

The innovative technology makes it easy for families to groom their pets at home with seven tried and tested grooming tools in one handy kit that is now available at a special holiday price of only $139.99 on its Amazon store. An additional $30 Black Friday discount will be offered by using the code ONEISALL when shoppers place orders on Oneisall.com.

To find out more please visit the Oneisall website, and check out their socials on Facebook, Instagram, TikTok, and YouTube.

About ONEISALL INC.

ONEISALL INC. was established in 2016 with the mission of providing a better life and health for every pet. Headquartered in Shenzhen with warehouses in the US and Europe, it is a global pet product brand that integrates product development, sales, and service. We are committed to providing pet grooming solutions to make pets more comfortable by making grooming a pleasurable activity that strengthens the bond between pet and owner. Oneisall has served around two million customers in 15 countries and has received over 150,000 positive reviews on Amazon. Since 2021, the brand’s annual revenue has exceeded approximately $43.8 million and has rapidly developed into one of the top international pet brands.

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Yangtze finless porpoise: Protecting China’s ‘Smiling Angel’

November 11, 2022 TechENT Syndication Leave a comment

BEIJING, Nov. 11, 2022 /PRNewswire/ — A news report from China.org.cn on China’s efforts to protect Yangtze finless porpoise:

https://www.youtube.com/watch?v=OeeZpJbI6zk

In a recent poll, netizens voted to name a rare Yangtze finless porpoise. Efforts to protect this endangered species have shown promising signs in China during the past few years.

Recently, an online poll was held to choose a name for a Yangtze finless porpoise code-named “YYc.” After the voting concluded, a team of experts selected “Hanbao” from the most popular replies, which has the same pronunciation as “hamburger” in Chinese. The name really suits it since the calf’s chubby body is just like a hamburger. Moreover it was born in Wuhan, central China’s Hubei province. “Hanbao” means “Wuhan’s treasure” in Chinese.

Hanbao is indeed a treasure.

The 2-year-old male calf is China’s first artificially-bred second-generation Yangtze finless porpoise. Its father Taotao is the world’s first Yangtze finless porpoise to be bred naturally in an artificial environment.

The breeding of Hanbao shows that Yangtze finless porpoises born in an artificial environment can produce offspring, marking a breakthrough and a new stage in the artificial breeding of the species.

But why has such a little porpoise drawn so much attention?

Because it’s undoubtedly cute, but also critically endangered.

According to data and scientific surveys, from 1992 to 2012, the number of Yangtze finless porpoises, an iconic species of the Yangtze River, plummeted from about 2,700 to around 1,040.

The decreasing speed is shocking. If protection is not strengthened, the endangered mammal is very likely to suffer the same fate as the baiji dolphin, nicknamed the “Goddess of the Yangtze River,” which is now considered functionally extinct.

To conserve the “Smiling Angel,” affectionately named for its mouth fixed in a permanent grin, over the past decade, China has imposed a 10-year fishing ban in the Yangtze, enacted the Yangtze River Protection Law, and launched the Yangtze River Finless Porpoises Rescue Action Plan (2016-2025). Efforts have also been stepped up in research and practice through on-site conservation, ex-situ conservation, and artificial breeding and reproduction.

Fortunately, the protection work has delivered encouraging results. The rate of decline has slowed significantly and bottomed out around 2017. One year after the fishing ban was implemented in 2021, a population survey showed positive momentum, with nearby residents reporting seeing “more and plumper Yangtze finless porpoises.” The aquatic animals can often be seen swimming in groups, with calves cuddling up to their mothers. At conservation reserves along the Yangtze River in Hubei, the number of the porpoises has increased from the original five to 150. Four artificially-bred Yangtze finless porpoises including Taotao have grown up healthily.

These achievements can be attributed to the joint efforts of the government, research institutions and the general public. However, despite the enhanced protection, we still have a long way to go in helping the species to recover. Various problems still need to be addressed, such as unattended areas in on-site conservation and the risk of complete failure of ex-situ conservation.

In the next 10 years, 20 years, 100 years… the conservation efforts cannot and will not stop, so that future generations can see a large number of finless porpoises navigate the clear waters of the Yangtze.

China Mosaic

http://www.china.org.cn/video/node_7230027.htm

Yangtze finless porpoise: Protecting China’s ‘Smiling Angel’

http://chinamosaic.china.com.cn/2022-11/11/content_78513611.htm

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AiDot APP upgrades its Smart Zone page, adds Music Rhythm Home Monitoring and Pet Sitting feature

July 30, 2022 TechENT Syndication Leave a comment

LOS ANGELES, July 30, 2022 /PRNewswire/ — AiDot APP released the upgrade APP version by adding a smart zone page in the automation section, which contains four major features: Music Rhythm, Energy Dashboard, Home Monitoring, and Pet Sitting.

AiDot APP upgrades its Smart Zone page,adds Music Rhythm Home Monitoring and Pet sitting feature

Synchronized color changes and musical grooves, cover whole space

Just tap on any of the listed songs and the lights will start flashing to the beat of the music. AiDot Music Rhythm feature gets users’ lighting blinking and changing color in time to music without any delay which satisfies the needs for the creation of the ultimate music atmosphere. Feel free to change the color range, sensitivity and brightness by using AiDot’s lighting brand products, such as the smart light starter kit including light bulbs, strip lights, recessed lighting, etc. Users can create a complete whole-space music rhythm effect.

AiDot Energy Dashboard helps users save energy and money

How much users will save money for the energy bills by adding smart home devices? As a smart home ecosystem, AiDot focuses on the energy usage in smart home products and the energy consumption reduction. Users can know the energy consumption of different smart products on AiDot App. The compatible products include smart lighting, cameras, solar panel products, etc. AiDot Green energy dashboard enables users to track the devices and analyze the results of energy efficiency monitoring.

Home Monitoring feature provides safety care for the loved ones

AiDot Home monitoring feature empowers users‘ security camera not only to catch the suspicious, but also to keep them away from their loved ones without worry. For this function, users can set a real-time detection in their chosen area to identify their family member’s activities, especially babies. Pools, play sets, trampolines etc., all those activities are great for kids, but most of them will be dangerous without supervision. If no one is detected for a while, a push rich message with photos will be sent to users’ phone, reminding them to check the situation at home. In this way, users can know the situation of elder parents or kids when they’re home and deal with it in time.

Pet Sitting feature for better companionship and observation of the pet’s habits

Users may find something wrong with their furry kids but can’t figure out why, now they can understand them more and reduce their separation anxiety in time. The pet sitting feature of AiDot provides real-time monitoring and a deeper understanding of pets by data analysis. With monitoring and statistics, users can have a better understanding of pet’s diet and activity habits. Knowing the times their pet enters the setting area is the best way to achieve that.

For example: When the pet is home alone, users can find out if its daily diet is normal by checking how many times it goes to the dining area. When users notice the difference in daily eating habits, they should pay attention to its health. If there are some areas in home that users do not want pets to enter, they can set these areas as no-entry areas and observe.

AiDot Smart home strive on family companionship and care. Help users have a better home through intelligent analysis. Home monitoring and Pet sitting feature are Cloud service of AiDot App, users can find it when using AiDot App or visiting aidot.com.

About AiDot：

AiDot believes we can add more value to the word “eco” when it comes to eco-systems and eco-lifestyles. AiDot app has interconnected with Amazon Alexa, Google Home, Apple Homekit, Conrad connects, Smartthings. It’s fully compatible with Amazon Echo, Google Assistant, Apple Home Pod and other voice assistants, also works with 20 other partners’ mainstream smart home devices.

Works with AiDot (WWA) is a symbol of cross-brand and cross-category connectivity. Brands that have joined the AiDot ecosystem include well-known smart device brands, such as Linkind, OREiN, Winees, Hyderson, Syvio, GoGonova, Ganiza, etc. Users can easily control any product with Works with AiDot with just one app. All products within the AiDot ecosystem are designed to help users start building a sustainable world.

For more information, visit: www.AiDot.com https://shop.AiDot.com/

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CES Innovation Award Honoree total pet healthcare app ‘TTcare’ to be introduced in Las Vegas

December 9, 2021 TechENT Syndication Leave a comment

SEOUL, South Korea, Dec. 9, 2021 — AI FOR PET will participate in ‘CES(Consumer Electronics Show)’, the world’s largest technology exhibition held in Las Vegas from Jan. 5 (THU) to Jan. 8 (SAT) 2022.

AI FOR PET has developed an AI technology-based total pet healthcare app service, TTcare. Users only need their mobile phone and the TTcare app to take care of their pets’ health. When a user takes a picture of their pet’s eyes or any part of their body with a smartphone, the artificial intelligence will inform them whether or not there are any potential eye or skin disease-related symptoms. In addition to diagnostic features, there is weight management, behavior analysis, and other features. These features allow users to manage their pet based on breed, age and disease history.

TTcare will be introduced at CES

AI FOR PET began developing TTcare based on a research study "CNN-based diagnosis models for canine ulcerative keratitis" published in the 2019 Scientific Report journal. By learning major body parts such as the eyes, ears, feet and other parts of pets, the algorithm automatically detects and optimizes the areas to analyze. It crops them and determines whether they may have a potential disease using various neural network algorithm-based ensemble models.

TTcare is the first smartphone application in the world to determine whether a disease exists by using pictures of pets’ eyes or skin. TTcare is also the first product to be officially approved by the Korean government for "Artificial Intelligence-based medical device software for animals" rather than a general pet service. By being selected as a CES 2022 Innovation Award Honoree, TTcare’s technology and innovation has received validation.

TTcare was selected as a CES 2022 Innovation Award Honoree

TTcare prevents disease deterioration and health complications in pets, thus reducing medical expenses due to unnecessary hospital visits. It will also recognize and manage neglected diseases in advance as most pet owners do not have an expertise in pet diseases.

The CES Euna Huh said, "Our app supports the identification of diseases and periodic health care from the comfort of the user’s home, so that pets and pet owners can live a healthy life together for a long time."

AI FOR PET launched TTcare in late 2020 in Korea and plans to launch an English service in the first half of 2022 to service pet parents around the world.

Boqii to Reschedule Fiscal 2022 Second Quarter Results

November 19, 2021 TechENT Syndication Leave a comment

SHANGHAI, Nov. 19, 2021 — Boqii Holding Limited ("Boqii" or the "Company") (NYSE: BQ), a leading pet-focused platform in China, today announced that it would reschedule its earnings announcement for the quarter ended September 30, 2021, which had been previously scheduled for Tuesday, November 23, 2021. The Company will now report fiscal 2022 second quarter results before the U.S. market opens on Tuesday, November 30, 2021.

Boqii’s management will hold an earnings conference call to discuss the financial results at 8:00 AM on Tuesday, November 30, 2021, U.S. Eastern Time (9:00 PM on Tuesday, November 30, 2021, Beijing/Hong Kong Time). Interested parties are invited to participate on the call using numbers below.

	Phone Number
International	1-412-317-6061
United States	1-888-317-6003
Hong Kong	852 800-963976
Mainland China	86 4001-206115
Passcode	6835046

A replay of the conference call may be accessed by phone at the following numbers until December 7, 2021.

	Phone Number
International	1-412-317-0088
United States	1-877-344-7529
Replay Access Code	10161957

A live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.boqii.com/.

About Boqii Holding Limited

For investor and media inquiries, please contact:

In China:

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

The Blueshirt Group
Ms. Susie Wang
Email: susie@blueshirtgroup.com

In the United States:

The Blueshirt Group
Ms. Julia Qian
Email: julia@blueshirtgroup.com

PR Newswire

Giant pandas ‘downgraded’: A wildlife success story

July 23, 2021 TechENT Syndication Leave a comment

BEIJING, July 23, 2021 — A news report by China.org.cn on China’s wildlife protection:

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Pandas must be quite familiar to you all. But it has recently been "downgraded".

However, this isn’t bad news. With more than 1,800 giant pandas now living in the wild, China has downgraded the animal’s status from "endangered" to "vulnerable." Back in 1988, the population of wild giant pandas in China was just 1,114.

Boosting the population by more than 60% has been no easy task. The protection of giant pandas requires extensive research and surveying, which cannot be done from inside an office. Rangers in nature reserves need to conduct habitat and bamboo surveys, as well as collect panda droppings in the field. Leaving early in the morning for work and returning late at night after walking dozens of kilometers along mountain paths, these have become their daily routines. But merely protecting animals themselves is not enough. Habitat contraction and falling bamboo yields due to monocarpic flowering and climate change all threaten the survival of giant pandas. Therefore, habitat conservation and reconstruction of bamboo forests are also essential tasks. Thanks to years of efforts, China has become well acquainted with the habits of giant pandas and developed more accurate survey and statistical methods. More than 60 nature reserves have been established to expand their habitats.

In recent years, China has made notable progress in protecting wildlife, especially rare and endangered species. The number of the previously critically endangered crested ibis has increased from just seven in 1981 to several thousand; the Chinese mountain cat, one of the rarest and most mysterious cat species, was spotted in Qilian Mountain National Park in Qinghai province; rufous-necked hornbills reappeared in the mountain forests of Yunnan province after disappearing for decades.

More recently, news stories about wildlife have captured public attention. While a herd of wild Asian elephants migrated northward, authorities redirected them away from densely populated areas using tempting snacks and roadblocks, and have started work on building an Asian elephant national park; multiple measures were taken to rescue melon-headed whales stranded in shallow waters; authorities restricted boat activities to protect a Bryde’s whale foraging in the waters off Shenzhen. These examples of wildlife conservation demonstrate the harmonious coexistence of human beings and animals.

To promote human progress while ensuring the survival of wildlife, we need to strike a harmonious and delicate balance. With continued efforts, more and more cute wild animals like giant pandas will appear all over the world.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm
Giant pandas ‘downgraded’: A wildlife success story
http://www.china.org.cn/video/2021-07/23/content_77647779.htm

PR Newswire

Boqii Holding Limited Announces Pricing of Initial Public Offering

September 30, 2020 TechENT Syndication Leave a comment

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

techENT

Tag Archives: PET

Boqii Announces Board Changes

Waterdrop X PAWAii Co-branded Caremi Fountain, the First NSF-certified Smart Pet Fountain, Is Available on Indiegogo

Boqii Announces Unaudited Financial Results for the First Half of Fiscal Year 2023

Oneisall Launches Advanced 7-in-1 Pet Grooming Kit with Super-Silent Vacuum for Dogs, Cats and Other Furry Friends

Yangtze finless porpoise: Protecting China’s ‘Smiling Angel’

AiDot APP upgrades its Smart Zone page, adds Music Rhythm Home Monitoring and Pet Sitting feature

CES Innovation Award Honoree total pet healthcare app ‘TTcare’ to be introduced in Las Vegas

Boqii to Reschedule Fiscal 2022 Second Quarter Results

Giant pandas ‘downgraded’: A wildlife success story

Boqii Holding Limited Announces Pricing of Initial Public Offering

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