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PR Newswire

Plastics and Composites Maintain Growth Trajectory through 2020 Uncertainties

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SANTA CLARA, California, May 14, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Global Outlook for Chemicals in the Plastics and Composites, CASE, and Construction Industries, 2020, finds that the market of coatings, adhesives, sealants, and elastomers (CASE), plastics and composites, and construction chemicals will be driven by new supply chain optimization concepts, digital transformation, and circularity in products, processes, and packaging. Under the conditions of COVID-19, the global chemicals and materials market is expected to reach $3,716.5 billion by the end of 2020.  

Frost & Sullivan - Plastics and Composites
Frost & Sullivan – Plastics and Composites

For further information on this analysis, please visit: http://frost.ly/43g

“Despite the impact of the COVID-19 pandemic across industries, the demand for modular building materials and advanced admixtures will propel the construction chemicals segment,” said Christeena Thomas, Chemicals, Materials & Nutrition Industry Analyst at Frost & Sullivan. “Additionally, increasing demand for lightweighting of parts, especially in the automotive and transportation industry, will trigger growth in the plastics and composites segment, whereas sustainability and bio-based chemicals and materials will strongly boost the need for research and development in the CASE industry.”

Thomas added: “Regionally, with increasing urbanization, large population, and a drive for local production by governments—Asia Pacific is likely to become a growth engine for the global chemicals and materials industry. Further, India will register the highest growth due to rising investments in building and construction, infrastructure, and healthcare sector.”

In China, the chemicals and materials industry is in a state of rapid transition. Manufacturers are expected to focus more on products and services that reflect consumer demand trends. For North America and Europe, a host of uncertainties related to international trade, downturns in manufacturing and economic stability will result in slower growth. 

To tap into opportunities exposed by the global chemicals and materials industry in this COVID-19 era, here are some growth prospects:

  • Manufacturers and suppliers in the plastics and composites, CASE, and construction chemicals industries should invest in Big Data analytics, artificial intelligence (AI), and natural language processing as this will lower costs and enhance productivity, ensuring quality.
  • Building materials will witness a rise in the development and commercialization of bio-based or sustainable products due to which market participants in the chemicals and materials industry should focus on producing recyclable materials.
  • Digital transformation will allow chemicals-as-a-service offerings to customers.
  • The trade war between the U.S and China is encouraging companies to strengthen their footprint in India and ASEAN countries as this will help them hedge their risks associated with trade involving China.

Global Outlook for Chemicals in the Plastics and Composites, CASE, and Construction Industries, 2020 is part of Frost & Sullivan’s global   Visionary Science Growth Partnership Service program.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Global Outlook for Chemicals in the Plastics and Composites, CASE, and Construction Industries, 2020

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Contact:
Jaylon Brinkley
T: +1 210 247 2481
E: jaylon.brinkley@frost.com

http://ww2.frost.com

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PR Newswire

Frost & Sullivan Names 11 Industry Leaders in the Global Big Data Market

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Frost Radar identifies companies excelling at innovation, poised for partnerships, and ripe for investment

SANTA CLARA, Calif., May 12, 2020 /PRNewswire/ — Frost & Sullivan’s Global Big Data Analytics (BDA) Industry Radar found that organizations’ requirement to enhance customer engagement and provide effective customer service is strongly pushing the demand for BDA solutions to better predict and serve customers’ needs. This is driving investments in both market segments of BDA—data discovery and visualization (DDV) and advanced analytics—and has attracted millions of dollars in funding committed to product enrichment, expansion into new industry verticals, and development of distribution partnerships to meet the growing demand for analytics solutions.

Frost & Sullivan's Global Big Data Analytics Industry Radar
Frost & Sullivan’s Global Big Data Analytics Industry Radar

To learn more about the Global Big Data Analytics Market, 2020 Frost Radar, please visit: http://frost.ly/43k

For over five decades, Frost & Sullivan has provided research and analysis on the Big Data Analytics industry to help investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, and new business models.

This recently released Radar provides a benchmark of over 30 companies in the global Big Data Analytics industry to determine the top 11 industry leaders excelling at innovation, poised for partnerships, and ripe for investment. The businesses are recognized in the Frost Radar with insight into their innovative offerings, projected increase rates, strengths and on how companies can be more effective in the future.

The following organizations were profiled: SAS, IBM, Qlik, Splunk, Tableau, TIBCO, FICO, SAP, Alteryx, MicroStrategy, and Palantir.

Key takeaways

  • Better understand the growth environment from the perspective of industry experts
  • Gain insight into organizations recognized for leveraging best practices to shape the future of the industry
  • Benefit from a comprehensive analysis of the companies plotted on the Radar
  • Receive best practices on how the intelligence in the Radar can be leveraged by the Board of Directors, the CEO’s growth team, customers, and more

About Frost & Sullivan
For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:
Francesca Valente
Global Corporate Communications
E: francesca.valente@frost.com

http://ww2.frost.com

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PR Newswire

After Amassing a Record US$46 Billion In 2019 Funding, the Robotics Industry is Braced to Weather the Coronavirus Storm

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LONDON, May 7, 2020 /PRNewswire/ — The robotics industry received record investment in 2019, totaling in at US$46 billion. According to recent figures published by global tech advisory firm ABI Research, a total of US$17.8 billion went to acquisitions and a further US$29 billion went into investments. Most of the funding was focused on autonomous passenger vehicles (APV’s), surgical robotics, and warehouse automation, with significant growth for field robotics and drone services.

“Despite not having commercialized their technology, autonomous passenger vehicle developers like Waymo, Cruise, Zoox and company have continued to amass enormous funding from the corporate and VC world,” said Rian Whitton, senior analyst at ABI Research. “Surgical robots also received huge funding, and have already been commercialized to a considerable extent, with Intuitive Surgical selling over 5,000 Da Vinci robot systems to date.” The localization of funds to a few specific sectors is down both to the anticipated effect of the technology and the relative market power of major auto manufacturers like Toyota, health companies like Johnson & Johnson and E-retailers such as Amazon.

The United States and China account for 89% of all investment value, in terms of companies located in their various tech clusters. California hosts 77 robotics vendors that were invested in, while the rest of the United States had 88 companies. Other countries with considerable investment included Canada, Israel, Japan, and the UK.

Aside from venture capitalists, a few major corporations have taken a significant interest in automation technologies, including Amazon with their investment in vision-based navigation developer Canvas Technology. Meanwhile, Softbank made a considerable investment in a variety of robot companies, including robotics service provider CloudMinds, hospitality robot developer Bear Robotics, and fulfillment automation company Berkshire Grey. FLIR, the thermal camera manufacturer, also invested heavily in drones and ground robots to shore up its solutions for security and industrial inspection. Among their acquisitions include Aerodyne Group and Endeavour Robotics, formerly part of iRobot. “Major corporations understand that, while the robotics industry isn’t a short-term proposition, it will be the source of considerable productivity growth that will be necessary to compete in the future,” said Whitton.

Despite the scale of funding in 2019 growing considerably from the previous year, the impact of COVID-19 will likely mean it will be more challenging for many vendors to attract funding as investors wait to assess the likely scale of the economic downturn. Markets with an easy route commercialization, like surgical robots and warehouse automation, could benefit out of the crisis. At the same time, the autonomous passenger vehicle market could be adversely affected due to lack of business-readiness, though this has not prevented big investments in APV developers like Pony AI and Waymo in the first quarter. “Prior to the pandemic’s massive impact became clear, 2020 was already shaping up to be a strong year for robotics investment, with autonomous forklift and tow tractor developers Seegrid and Vecna already receiving funding,” Whitton concludes.

These findings are from ABI Research’s Robotics: Investments, Acquisitions, and Market Trend for 2019 report. This report is part of the company’s Industrial, Collaborative & Commercial Robotics research service, which includes research, data, and ABI Insights.

About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research’s global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. 

ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info: 

Global                                                             
 Deborah Petrara                                                           
Tel: +1.516.624.2558                                                    
pr@abiresearch.com

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PR Newswire

COVID-19 Pandemic Pummels Biometrics Market Causing Device Revenues to Drop by US$2 Billion While Forcing Investment Surge in AI Face Recognition Applications

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LONDON, May 6, 2020 /PRNewswire/ — According to global tech market advisory firm, ABI Research, the COVID-19 pandemic is expected to cause a significant pushback on biometric device shipments, creating a major revenue drop of US$2 billion over the course of 2020. At the same time, the pandemic has given rise to new identification and surveillance needs, spurring further investments in biometric Artificial Intelligence (AI) algorithm design, which will give a boost to the face recognition technologies market going forward.

“Contact biometric technologies like fingerprint and vein have been dealt a substantial blow due to new governmental regulations targeting contact and close-proximity interactions. Fingerprint biometrics vendors are struggling to uphold the new stringent hygiene and infectious control protocols. These regulations have been correctly introduced for the safety of users and personnel, but they have also affected sales in certain verticals,” explains Dimitrios Pavlakis, Digital Security Analyst at ABI Research.

“On-premises physical access control, user registration, identification, and workforce management systems have been greatly affected in the enterprise and commercial space, but these applications also spread into healthcare, law enforcement, border control, government, civil, and welfare,” Pavlakis adds. While contact-only companies will have additional hurdles to overcome in most markets, innovative companies like Gemalto and IDEMIA have already adapted their solutions offering contact-less fingerprint sensing technologies. Additionally, fingerprint sensor vendors operating in consumer markets like FPC and Goodix will be mostly affected by smartphone sales, rather than hygiene concerns, due to the personal nature of user authentication.

The total biometric device market is expected to reach US$28.2 billion in 2020, with the government and security market taking a significant hit of US$1.1 billion. Fingerprint device sales are also expected to decrease in 2020 by US$1.2 billion.  Not all is bleak, however. “AI biometric firms are adapting to the biological threat. Biometric technologies are currently undergoing a forced evolution rather than an organic one, with artificial intelligence biometric firms spearheading the charge,” says Pavlakis. “New IoT and smart city-focused applications will enable new data streams and analytics, monitoring infection rates in real-time, forcing new data-sharing initiatives, and even applying behavioral AI models to predict future outbreaks.”

Face and iris recognition have been brought into the spotlight as key technologies allowing authentication, identification and surveillance operations for users and citizens wearing protective head gear, face masks, or, with partially covered faces. These elements that were the bane of face recognition algorithms in the past have now been integrated into algorithm developers’ value proposition followed by further investment boost targeted at surveillance, video analytics and smart city applications. Temperature and fever detection technologies making use of infrared technologies have also been retrofitted in access and border control while biometric telemedicine applications are providing healthcare support to consumers and patients remotely. AI investments have been primarily instigated by leading Chinese firms like SenseTime, Megvii, Alibaba, and Baidu.

These findings are from ABI Research’s Assessing the Impact of COVID-19 on the Biometrics Market application analysis report. This report is part of the company’s Digital Security research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present in-depth analysis on key market trends and factors for a specific application, which could focus on an individual market or geography.

About ABI Research

ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research’s global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. 

ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info: 

Global 
Deborah Petrara 
Tel: +1.516.624.2558 
pr@abiresearch.com 

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PR Newswire

With Wi-Fi Capacity Stressed by Remote Workforces and Changing Connectivity Needs, 6 GHz will Provide Faster, Lower Latency, and More Reliable Wi-Fi Coverage

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New ABI Research whitepaper explores why 6 GHz is so important to the future of Wi-Fi

OYSTER BAY, New York, April 30, 2020 /PRNewswire/ — The need for faster, more reliable, more efficient, and more widespread Wi-Fi coverage is becoming increasingly vital in a world filled with more Wi-Fi devices at both ends of the performance spectrum, from high-throughput and low-latency applications to battery-constrained Internet of Things (IoT) devices. Global tech market advisory firm, ABI Research forecasts that Wi-Fi-enabled devices are set to increase from 3.3 billion annual unit shipments in 2019 to more than 4.6 billion by 2024, a growth that underscores the need for a more robust Wi-Fi network.

In its new whitepaper, The Future of Wi-Fi, ABI Research highlights that while the growing reach of Wi-Fi will be driven by several advancements, such as Wi-Fi 6 and Wi-Fi’s expansion into the 60 Gigahertz (GHz) and sub-1 GHz bands through WiGig and HaLow, the most exciting, and potentially transformative, change to the Wi-Fi landscape is the anticipated availability of 6 GHz spectrum over the next few years.

“It is hard to overstate the potential that 6 GHz and Wi-Fi 6E can bring to Wi-Fi networks,” says Andrew Zignani, Principal Analyst, Wi-Fi, Bluetooth, and Wireless Connectivity at ABI Research. Currently, Wi-Fi faces several difficult challenges. Key among them are the growing demands being placed on Wi-Fi networks, leading to increased congestion, performance limitations, and reduced Quality of Service (QoS). Most Wi-Fi devices are using increasing amounts of data per device, including streaming high-resolution music and videos, video calling, application and firmware updates, digital downloads, social networking, data-heavy web content, and online gaming, among others. “The tremendous surge in active Wi-Fi devices at home in recent months and the resulting increase in traffic due to COVID-19 stay-at-home orders have reaffirmed Wi-Fi as a vital utility, acutely demonstrating both its importance and limitations,” Zignani explains.

“On April 23, 2020, the FCC voted to make additional spectrum in the 6 GHz band available for Wi-Fi, with other regions expected to follow suit in the not too distant future. Once the global regulatory landscape for 6 GHz is finalized, the technology will bring about much higher throughput, much more capacity, greater reliability, lower latency, and better QoS than ever before,” says Zignani.

6 GHz not only brings about additional spectrum and higher throughputs, but essentially guarantees access to channels with no legacy, resulting in a corresponding improvement in latency and simplifying channel access. Wi-Fi 6E takes full advantage of what Wi-Fi 6 has to offer and can open new opportunities for Wi-Fi to better support 5G-class services reliant on high multi-gigabit throughput, low latency, high efficiency, broader coverage, and better mobility,” Zignani adds.

There are still challenges ahead. “Perhaps the largest current barrier to 6GHz adoption is still the need to iron out various regulatory challenges and obstacles across different regions,” Zignani points out. Limited chipset availability, cost of supporting the technology, building out the 6 GHz ecosystem, and proximity to Wi-Fi 6 rollout are hurdles. However, ABI Research anticipates that most of these challenges will be overcome and that opening the 6 GHz band for Wi-Fi will address many of the challenges it is facing today and in the next decade.  

To learn more about what is driving 6 GHz adoption, the significant benefits that 6 GHz will provide, the expected timeline surrounding its launch, and ABI Research’s strategic recommendations for technology implementers, download the whitepaper, The Future of Wi-Fi. You are welcome to share this link with your readers.

These findings are from ABI Research’s The Future of Wi-Fi whitepaper. This whitepaper is part of the company’s Wi-Fi, Bluetooth, and Wireless Connectivity research service, which includes research, data, and ABI Insights. 

About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research’s global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. 

ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info: 

Global
 Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com 

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PR Newswire

Percepto Lauded by Frost & Sullivan for Accelerating Clients’ Decision-Making with its Emerging Technology-led Autonomous Drone Solution

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Percepto incorporates proprietary AI, ML, and analytics capabilities into its solutions to execute and manage events autonomously and ultimately, reduce operational downtime

SANTA CLARA, Calif., April 29, 2020 /PRNewswire/ — Based on its recent analysis of the global autonomous drones market, Frost & Sullivan recognizes Israel-based Percepto with 2020 Global Enabling Technology Leadership Award for its best-in-class, end-to-end autonomous drone-in-a-box solution. Comprising the Sparrow drone, Percepto Base, and comprehensive data management and analytics software, the Percepto Solution performs a range of tasks such as inspections, measurements, and surveillance. Its proprietary advanced analytics, Artificial Intelligence (AI), computer vision, and machine learning (ML) boosts the functionality and value of the platform, giving it a significant competitive edge over other solutions.

Percepto
Percepto

“Operators can remotely start, monitor, and complete tasks with Percepto’s autonomous, intelligent drones through the cloud-based, user-intuitive dashboard, allowing them to continue their business operations from anywhere in the world,” said Michael Blades Industry Analyst and VP of Aerospace, Defense & Security. “It notifies operators in real time, enabling operations and security teams to respond to incidents proactively, ultimately optimizing productivity, safety, and security. Further, it monitors a client’s worksite for any external interference, such as a malicious or unauthorized individual, drone, or vehicle; safety risks such as leaking pipes, or improper safety practices such as an employee not wearing a hard hat or high-visibility safety vest.” The main cost savings comes from consistent and persistent inspection, proactive monitoring and active reporting that the system provides.

Meanwhile, with the outbreak of COVID-19, businesses are rethinking their business continuity strategies, their ability to maintain efficiencies while many employees cannot get to the site, and the response to emergencies. In this scenario, autonomous solutions that take critical actions on behalf of operators are emerging as new best practices, The Percepto Solution’s ability to operate in harsh weather conditions and integrate seamlessly with third-party technologies makes it the ideal tool for operators in diverse industries including automotive, critical infrastructure, defense, industrial, mines, ports, and utilities.

The company works closely with the Federal Aviation Administration (FAA) in the United States to stay abreast of new drone regulations and flight programs and to obtain regulatory approvals. Approvals such as remote flight controls and operations without a visual observer when flying beyond visual line of sight (BVLOS) increase the versatility and ROI of each system deployed. Percepto’s drones enable clients to optimize security and inspection practices by autonomously completing tasks such as perimeter patrols and infrastructure inspections.

“Percepto complements its technology with stellar customer support and an unwavering commitment to meeting business-specific needs for clients,” noted Blades. “In 2019, Percepto added fully-automated high-resolution two-dimensional mapping capabilities and three-dimensional modeling to meet customer and market demands. The company’s customer base and revenues continue to grow as potential clients and existing customers recognize its unique drone offering and price/performance value.”

Each year, Frost & Sullivan presents this award to a company that has developed a pioneering technology that not only enhances current products, but also enables the development of new products and applications. The award recognizes the high market acceptance potential of the recipient’s technology.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Lindsey Whitaker
P: +1 (210) 477-8457
E: lindsey.whitaker@frost.com

About Percepto

Percepto is the market leader of on-site autonomous drone solutions for critical infrastructures and industrial sites. Operating with no need for human intervention, Percepto’s autonomous Sparrow drones perform multi missions, around the clock. The solution is ideally suited to any large-scale enterprises looking to increase productivity, improve security and reduce safety risks and operational costs. Organizations using the Percepto solution are better aware of events taking place, allowing them to be proactive and more efficient in addressing risks and operational needs. The Percepto Solution is currently in use around the world including Enel in Europe, as well as a number of Fortune 500 organizations.

info@percepto.co 

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PR Newswire

SINA Files Annual Report on Form 20-F for Fiscal Year 2019

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BEIJING, April 29, 2020 /PRNewswire/ — SINA Corporation (the “Company”) (Nasdaq: SINA), a leading online media company serving China and the global Chinese communities, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the U.S. Security and Exchange Commission on April 29, 2020. The annual report, which contains its audited financial statements, can be accessed on the SEC’s website at http://www.sec.gov as well as on the Company’s investor relations website: http://corp.sina.com.cn. Shareholders may receive a hard copy of the annual report free of charge upon request.

About SINA

SINA is a leading online media company serving China and the global Chinese communities. Its digital media network of SINA.com (portal), SINA mobile (mobile portal and mobile apps) and Weibo (social media) enables internet users to access professional media and user generated content in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances.

SINA.com offers distinct and targeted professional content on each of its region-specific websites and a full range of complementary offerings. SINA mobile provides news information, professional and entertainment content customized for mobile users through mobile applications and mobile portal site SINA.cn.

Weibo is a leading social media platform for people to create, distribute and discover content. Based on an open platform architecture, Weibo provides unprecedented and simple way for people and organizations to publicly express themselves in real time, interact with others on a massive global platform and stay connected with the world.

Through these properties and other product lines, SINA offer an array of online media and social media services to its users to create a rich canvas for businesses and advertisers to effectively connect and engage with their targeted audiences.

Contact:
Investor Relations
SINA Corporation
Phone: +86-10-5898-3336
Email: ir@staff.sina.com.cn

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China Finance Online Announces Extension for Reporting Fourth Quarter and Full Year 2019 Financial Results

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BEIJING, April 28, 2020 /PRNewswire/ — China Finance Online Co. Limited ( the “China Finance Online”, or the “Company”, “we”, “us” or “our”) (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, announced today that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2019 no later than May 29, 2020.

Due to social distancing, travel bans and quarantines in China implemented in response to the coronavirus disease 2019 (“Covid-19”) pandemic, access to JRJC office has been limited. These actions have substantially impeded the Company’s professional staffs and advisors from completing the preparation of the Company’s consolidated financial statements and to provide investors with timely information as well as to comply with filing obligations with the Securities and Exchange Commission.

The Company also announces that it will be relying on the order issued by the Securities and Exchange Commission (Release No. 34-88465) to delay the filing of its Annual Report on Form 20-F for the year ended December 31, 2019 (the “Annual Report”) due to circumstances related to COVID-19. The explanation for the delay in filing the Annual Report is outlined in a Report on Form 6-K furnished today by the Company. The Company expects to file the Annual Report no later than May 29, 2020.

About China Finance Online

China Finance Online Co. Limited is a leading web-based financial services company that provides Chinese retail investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers. The Company’s prominent flagship portal site, www.jrj.com, is ranked among the top financial websites in China. In addition to the web-based securities trading platform, the Company offers basic financial software, information services and securities investment advisory services to retail investors in China. Through its subsidiary, Shenzhen Genius Information Technology Co. Ltd., the Company provides financial database and analytics to institutional customers including domestic financial, research, academic and regulatory institutions. China Finance Online also provides brokerage services in Hong Kong.

Safe Harbor Statement

This press release contains forward-looking statements which constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. The statements contained herein reflect management’s current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of the Company. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, this release contains the following forward-looking statements regarding:

  • our prospect and our ability to attract new users;
  • our prospect on building a comprehensive wealth management ecosystem through providing a fully-integrated online communication and securities-trading platform;
  • our prospect on stabilization in cash attrition and improvement of our financial position;
  • our initiatives to address customers’ demand for intuitive online investment platforms and alternative investment opportunities; and
  • the market prospect of the business of securities-trading, securities investment advisory and wealth management.

Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which risk factors and uncertainties include, amongst others, the outbreak of COVID-19 or other health epidemics in China or globally, changing customer needs, regulatory environment and market conditions; the uncertain condition of the world and Chinese economies that could lead to volatility in the equity markets and affect our operating results in the coming quarters; the impact of the changing conditions of the mainland Chinese stock market, Hong Kong stock market and global financial markets on our future performance; the unpredictability of our strategic transformation and growth of new businesses; the prospect of our margin-related business and the degree to which our implementation of margin account screening and ongoing monitoring will yield successful outcomes; the degree to which our strategic collaborations with partners will yield successful outcomes; the prospects for China’s high-net-worth and middle-class households; the prospects of equipping our customer specialists with new technology, tools and financial knowledge; wavering investor confidence that could impact our business; and possible non-cash goodwill, intangible assets and investment impairments may adversely affect our net income. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For more information, please contact:

China Finance Online
+86-10-8336-3100
ir@jrj.com

Kevin Theiss
Awaken Advisors
(212) 521-4050
kevin@awakenlab.com

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Source: China Finance Online Co., Ltd.

PR Newswire

China Literature Limited Announces the Change of the Management Team

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HONG KONG, April 27, 2020 /PRNewswire/ — China Literature Limited (“China Literature” or the “Company”, together with its subsidiaries, the “Group”, stock code: 0772.HK), a leading online literature platform in China, announced changes to its management team. Certain members of the senior management team including Mr. Wu Wenhui and Mr. Liang Xiaodong, currently the Co-Chief Executive Officers, Mr. Shang Xuesong, the President, and Mr. Lin Tingfeng, the Senior Vice President, have resigned. Mr. Wu Wenhui will be re-designated as a non-executive Director and Vice Chairman of the Board, and Mr. Liang Xiaodong and other senior management will serve as consultants to the Group, to facilitate the smooth transition and development of the management team. Meanwhile, Mr. Cheng Wu, currently a Vice President of Tencent Holdings Limited (“Tencent“) and the Chief Executive Officer of Tencent Pictures, has been appointed by the board as the Chief Executive Officer and an executive Director of China Literature; and Mr. Hou Xiaonan, the Vice President of Tencent’s Platform and Content Group, has been appointed by the board as the President and an executive Director of China Literature, so as to lead China Literature towards a new stage of development through deepening the cooperation with Tencent and other industry partners.

After five years’ development, China Literature has become the leading digital reading platform and literature intellectual property (“IP”) incubator, with 8.1 million writers, 12.2 million literary works and hundreds of millions of readers. It is pioneering development of the industry, in particular the trends toward high-quality IP and a content ecosystem through the integration of online literature and digital content formats such as TV series, movies, anime, and games. Mr. Wu Wenhui and other members of the senior management team decided to retire given the Group has reached these new milestones.

Mr. James Mitchell, the Chairman of China Literature, commented, “China Literature has become a vital source of original IPs for creative industries in China. We express our sincere gratitude to Mr. Wu, Mr. Liang, and the other core management team members for their significant contribution in leading China Literature to become the leading online literature platform in China. We look forward to the new management team further energizing China Literature’s platform, and deepening cooperation between China Literature and key partners such as Tencent in activities including TV series, movies, and games.”

In recent years, China Literature has been promoting technological innovation and exploring business models which exhibit higher value for its users, further leading the industry into a new development phase. Mr. Wu Wenhui said, “This year marks the fifth anniversary of the establishment of China Literature as well as the eighteenth anniversary of Qidian.com. As one of the founders, I witness that the Group has indeed entered a new stage of growth. Together with several other management, I decided to retire with honour upon completion of our mission in bringing the Group to the new stage. In the future, it is essential for China Literature to build on our IP portfolio in establishing a more open ecosystem and new commercial rules to embrace future trends. This requires a thorough change in management to propel China Literature forwards in areas such as business innovation, technological breakthrough, IP creation and establishment of ecosystem.”

Mr. Cheng Wu, the newly appointed Chief Executive Officer of China Literature, said, “I would like to express my thanks to Mr. Wu Wenhui and the founding team for their trust to delegate authority to the new management team and continue to support the development of China Literature. We are confident in pushing forward the upgrade of China Literature from the largest copyrighted digital reading platform and literature IP incubator in the industry to an even stronger literature content ecosystem. We expect the upgrade in three aspects. Firstly, we will strengthen the core business through enhancing IP incubation capability, solidifying fundamentals, and speeding up the development across sectors to accelerate our IP development. Secondly, we will strengthen the connection capability of our platform through establishing stronger connection between the products of China Literature and Tencent’s properties. Finally, building on our proven paid reading model, we will expand our business through upgrading our business models in areas such as new technology and industrial internet.”

Mr. Cheng Wu, who joined Tencent in 2009, currently serves as the Vice President of Tencent and the Chief Executive Officer of Tencent Pictures, and is responsible for Tencent’s Marketing and Public Relations Department, and has been leading the marketing departments of Tencent Interactive Entertainment Group. In 2013, he and Mr. Wu Wenhui jointly played a critical role in founding Tencent Literature and served as the President of Tencent Literature and the Chief Executive Officer of Tencent Literature, respectively. In March 2015, upon the establishment of China Literature, he served as a director for a certain period to provide continuous supports to Mr. Wu Wenhui and the management team. He proactively promoted the collaboration of China Literature and New Classics Media with Tencent in areas including  films, animes, comics and online games businesses, co-developing cross-industry representative works such as Joy of Life and There Was a Lingjian Mountain a Long Time Ago.

Hou Xiaonan currently serves as the Vice President of the Platform and Content Group of Tencent and holds various management positions for Tencent businesses including Tencent Open Platform, YingYongBao, Tencent WeStart, Qingteng University and Penguin Media Content Platform. He has extensive and in-depth management experience in product planning and operation, business model innovation, resource integration and ecosystem cooperation.

About China Literature Limited

China Literature Limited is a pioneer in the online literature market and operates China’s leading online literature platform. The Company owns nine major branded products. Among these, QQ Reading, a unified mobile content aggregation and distribution platform, is the flagship product. Other branded products focus on individual genres and their respective fan bases. China Literature’s shareholder and strategic partner, Tencent, provides the Company with exclusive content distribution access via its suite of leading mobile and Internet products, including Mobile QQ, QQ Browser, Tencent News, Weixin Reading and Tencent Video. The Company also has distribution beyond the Tencent platforms by pre-installing Apps on handsets partners such as OPPO, Huawei and VIVO, as well as licensing content to third-party partners such as Baidu, Sogou, JD.com and Xiaomi Duokan. China Literature monetizes its vast and proprietary content library mainly through online paid reading and content adaptations for a variety of entertainment formats. China Literature’s diverse and high-quality content library is a significant competitive advantage that lies at the core of its business model. In 2018, China Literature further expanded its content capabilities downstream by acquiring New Classics Media, a renowned TV series, web series and film production company in China. For more information, please visit http://ir.yuewen.com/.  

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Forward-Looking Statements

This press release contains forward-looking statements relating to the industry and business outlook, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in future. Underlying the forward-looking statements is a large number of risks and uncertainties. Further information regarding these risks and uncertainties is included in our other public disclosure documents on our corporate website.

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Bitauto Files Its Annual Report on Form 20-F

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BEIJING, April 27, 2020 /PRNewswire/ — 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 that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the Securities and Exchange Commission on April 27, 2020.

The annual report can be accessed on Bitauto’s investor relations website at http://ir.bitauto.com as well as the SEC’s website at http://www.sec.gov. Bitauto will provide hardcopies of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.

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 http://ir.bitauto.com.

For investor and media inquiries, please contact:

China
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

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