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PR Newswire

Huawei will Unveil Brand-new Networking Solutions for Home & SME at MWC 2022

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BARCELONA, Spain, Feb. 28, 2022 — Huawei will attend the 2022 MWC held in Spain from February 28 to March 3 and release the fiber-based Wi-Fi networking solution – FTTR (Fiber To The Room) gigabit all-optical room solution, and discuss with industry partners on how to resolve the current network bottlenecks of home and enterprises and how to provide better connection experience for users.

Since the breakout of COVID-19, digitalization and intelligence have developed rapidly. People require smoother communication, more convenient life, and more efficient work. On the one hand, homes have gradually transformed from entertainment centers to diversified production centers. New services such as online education, live broadcast, 8K HD movies, immersive entertainment (VR/cloud games), and smart-home are rapidly emerging. On the other hand, digital transformation and cloudification of small and micro enterprises have become a trend. High-bandwidth and low-latency applications, such as video conferencing and cloud desktop, are becoming popular. These new services pose higher requirements on network latency, bandwidth, and jitter, bringing greater challenges to home and enterprise networks.

However, home users and SMEs are still facing problems caused by poor network experience. According to statistics, 60% of broadband faults are caused by poor Wi-Fi experience. The Wi-Fi coverage ratio of more than half of home users reaches only 55%. Some users say that the Wi-Fi rate near an access point is 500Mbps, but gradually decreases to less than 20 Mbps from the living room to other rooms. According to a survey, the current network problems are mainly caused by the following four aspects:

  1. The rate cannot reach gigabit. Due to the outdated networking cable, the bandwidth can reach only 100Mbps.
  2. Seamless roaming cannot be implemented. There are multiple indoor Wi-Fi points. Traditional networking does not support intelligent switching between devices or the switching time is longer than 200ms. As a result, services are frequently interrupted when users move around.
  3. Multi-user concurrency is not supported. If more than 100 network devices access the Internet at the same time, they will go offline frequently.
  4. Whole-home coverage is not supported. Because fibers are usually routed to ELV boxes or living rooms, Wi-Fi performance deteriorates greatly after wall penetration. As a result, some rooms have no network coverage.

Huawei’s FTTR gigabit all-optical room solution is an innovative solution for home and enterprise networking. Different from traditional networking solutions, this solution extends fibers to every room, leading the newest optical network revolution. Fibers are recognized as the fastest transmission media in the industry. With four advantages, fiber has become a "dark horse" in the communications industry. Fast speed: Fibers are recognized as the fastest transmission media in the industry and can achieve 10Gbps or even 100Gbps transmission capability. Fibers deployed in the entire home can be upgraded to 10Gbps in the future, without the need of re-cabling. Low cost: The fiber industry is mature and the market is stable. The average price of fibers is 50% lower than that of network cables, reducing the reconstruction cost. Easy reconstruction: The size of fibers is about 15% of that of normal network cables. Fibers are thin and easy to be routed through pipes. Environment-friendly: Sand (silicon dioxide) is used as raw material, which is more environment-friendly and sustainable.

In addition to the main exhibition area, Huawei will also build a gigabit Wi-Fi experience center consisting of two exhibition points: FTTR-Home for home scenarios and FTTR-SME for enterprise scenarios. Online service scenarios, such as cloud VR, remote conferencing, IPTV, and 8K HD videos, will be set up to enable users to experience smooth gigabit Wi-Fi networks onsite.

Huawei’s FTTR gigabit all-optical room solution has set off a boom in China. Chinese operators released FTTR services and launched packages in 65 provinces and cities in China last year. Up to now, the number of FTTR users in China has exceeded 150,000. In addition, 20 operators outside China have started pilot projects. About the unique features of Huawei’s FTTR gigabit all-optical room solution and the extraordinary Internet surfing experience to bring to people, February 28, 2022 MWC will give the answer.

PR Newswire

Seauto’s BestRobtic, Up to 6000GPH Powerful Suction Pool Cleaner, world’s 1st “SONAR Tech” Hassle-Free Cleaning, Launches on Kickstarter

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SHENZHEN, China, Feb. 20, 2022 — With the birth of the BestRobtic brand, the era of hitting the wall is over!

Bestrobtic: Automation & Efficient Pool Cleaner Robotic
Bestrobtic: Automation & Efficient Pool Cleaner Robotic

The world’s 1st "SONAR Tech" pool cleaning robot has changed the game with its new sensing system that provides users with automatic, efficient, and worry-free cleaning – which launched on Kickstarter on Tuesday, February 15, 2022 7:00 AM (PST)

Learn more about the BestRobotic here: https://www.kickstarter.com/projects/bestrobtic/1697676906

The current leading technology most pool cleaners use is "Gyroscopic Navigation", but this technology comes with quite a few disadvantages. The inability to navigate intelligently often causes the robotic to hit the walls of the pool and low cleaning coverage – which can make the pool visually unappealing and reduce the desire to use the swimming pool for people.

Whether it’s a sweeping robot, weeding robot, window cleaning robot, or pool cleaning robot, all cleaning robots are designed to reduce the amount of labor and time necessary for that cleaning task. Automated, efficient, and worry-free cleaning is the main purpose of these types of electronic cleaning devices.

– 100% Fully Automatic & Hassle-Free Cleaning

  1. The above-mentioned military-level sonar technology which is currently mainly used for marine resource exploration, fish detection, and underground exploration. The BestRobtic is the only pool cleaning robot using this technology today.
  2. Due to each bottom of the pool having more or fewer potholes, a new altitude sensor (IMU chip) was specially designed by the BestRobtic R&D team to automatically sense the texture of the pool bottom more quickly and accurately with more precise automatic steering.
    – Compared with earlier pool cleaning devices, the use of sonar technology and the addition of an altitude sensor are technological breakthroughs that incorporate intelligent navigation and help it achieve a thorough clean. These additions bring the cleaning coverage rate up to 99.99% and guarantee the durability of the pool walls.
  3. In addition to improving navigation. With automatic obstacle sensing, automatic obstacle avoidance, automatic turning, automatic cleaning along the wall, and automatic escape (BestRobtic exclusive patent), these 5 perfectly integrated automatic functions will keep every swimming pool sparkling clean.
  4. Many swimming pool cleaning robots often get stuck on steps, corners, drainage pipes, and other obstacles inside the pool – In order to fundamentally solve this trouble, the BestRobtic R&D team spent 3 months developing an automatic escape algorithm from the data of thousands of tests, lowering the risk of the BestRobtic getting stuck by 99.99%.

Main benefits of Seauto‘s BestRobtic Pool Cleaner

– A True Smart Navigation Cleaning

The BestRobtic introduces a one-of-a-kind "Sonar Technology" the world to of wireless pool cleaning robots. This technology creates a number of benefits, ranging from a longer life cycle and exceptional cleaning to extreme cost-effectiveness and no longer fear about the light-refracting in water – A true smart navigation cleaning.

– Sonar Technology Let cleaning be Hassle-Free

BestRobtic is 100% automation clean, also comes with other practical features, such as anti-collision technology that traditional pool robots lack. Say goodbye to the 15-year-long reign (since 2007) of gyro navigation.

The SEAUTO Team also focuses on the research and development of special robots for underwater cleaning, and is the first to refine sonar technology (that of military submarines) and add it to pool cleaning robotics. Thanks to the brand-new Sonar Tech automatic sensing system makes the pool cleaning robot no longer the "fool hitting the wall" brought by traditional gyroscope navigation, and fundamentally solves the problem of damaging the pool walls and floor.

– Affordable, Everyone can afford it

Cleaning services often have an annual fee of $2,000–$4,000 (a labor cost of $200/hour) or more, with a weekly or biweekly cleaning cycle.

Cleaning with the BestRobtic will reduce the amount of labor costs and effort, and saves pool owners thousands of dollars per year.

– Greatly Upgraded Cleaning Ability

  1. 180W BLDC dual motors [2 x 90W] -> Provides flexible movement and bidirectional rotation, bringing cleaning coverage up to 99.99%
  2. 150W Powerful Drainage Motor -> Creates effective water absorption for a better cleaning effect.
  3. Picks up debris as small as 0.12mm -> While other products can only detect items 0.18mm or larger, the BestRobtic easily picks up leaves, gravel, fine powder, sand, pollen, and algae of all sizes
  4. 4000ml Filter Container -> Large enough to debris of any size while reducing the frequency of cleaning
  5. The cleaning time is as high as 100min or more, covering a pool area of more than 861 sqft (80㎡)
  6. The TPE brushes ensure the durability of any pool bottom, which 100% no cause damage to the bottom of the pool, leaving scratches and more.
  7. The BestRobtic up to 6000GPH powerful section has been tested to pick up rocks as large as 34* 18 *15 mm and weight 6.9g, and can even pick up hard objects like metal bottle caps easily!

– User Friendly Features:

BestRobtic can clean swimming pools of various shapes, and can also be used in a variety of other locations including hot springs.

According to research, the temperature of hot springs ranges from 40°-45°C (104°-113°F), many cleaning devices only work in temperatures of 10°-35°C (50°- 95°F). However, BestRobtic can clean effectively and thoroughly in temperatures 10-50°C (50°-122°F).

– Easy to Use:

Despite the many features this powerful device has, it only weighs 14.10lbs(6.4KG) – Meaning BestRobtic is easier to carry and clean.

– 100% Environmentally Conscious Materials:

  1. The BestRobtic has been certified by UN38.3, FCC, IC, C-Tick RCM, CE-EMC, CE-LVD, UKCA-EMC, UKCA-LVD, complies with market regulations and safety and environmental standards, and complies with international (US, England, Canada, Australia, China, EU) quality management standards.
  2. In GB/T 4208-2017 enclosure protection level (IP code), the BestRobtic has achieved the highest dustproof and waterproof rating of IP68 – 100% dustproof and 100% waterproof.
  3. The BestRobtic adopts ABS+ PC material based on rich experience in water decontamination patents. The ABS is a strong thermoplastic polymer structural material. It’s often used for building materials. This material’s hardness, wear resistance, oil resistance, chemical resistance (heat resistance, acid and alkali resistance) allow it to be unaffected by water, inorganic salts, alkalis, and other acids. The PC material, known as transparent alloy, has high mechanical strength, excellent heat resistance, impact resistance, is flame retardant and has no additives. This includes UL94 V-0 flame-retardant properties.
  4. The BestRobtic operates at a volume of less than 40dB. Among the 5 types of urban environmental noise standards, the BestRobtic achieves the quietest standard of 0 (the standard in areas at night such as recuperation areas and high-end villas).

– Price & Crowdfunding details

The BestRobtic is making its worldwide debut on the crowdfunding website Kickstarter, where it will be available at just $359 for the first 500 backers and $419 for normal price. After Kickstarter, BestRobtic’s price on Amazon will be over $499.

The campaign will last for approximately one month, offering many benefits, discounts and special promotions to brand early supporters. After Kickstarter, backers will be the first in the world to receive their BestRobtic, and later in the year it will become available via the regular BestRobtic distribution channels at a slightly higher price.

BestRobtic team promises to begin shipping within 20 working days after the crowdfunding campaign ends, which means backers can receive their products as early as April 2022 (the exact time depends on different countries).

Learn more about the BestRobotic here: https://www.kickstarter.com/projects/bestrobtic/1697676906

– Customer Service:

12-month warranty and offer a 30-day free return policy for product replacement if there are any issues with product quality. And have set up local after-sales service centers in the US + AU + EU.

– About BestRobtic

Shenzhen Seauto Technology Co., Ltd. is a technology company focusing on the R&D, manufacturing and marketing of smart water products and outdoor products. The BestRobtic brand is headquartered in China and has a marketing center in Los Angeles, USA.

The team has a background in the fields of shipbuilding, underwater navigation, and cleaning robot dynamics, and after continuous research, testing, and upgrading, have successfully created this new product.

Company Name: Shenzhen Seauto Technology Co., Ltd
Customer Service Email: sale@bestrobtic.com
Media Email: sale@bestrobtic.com
Official website: www.bestrobtic.com
Kickstarter website: https://www.kickstarter.com/projects/bestrobtic/1697676906

Facebook:https://www.facebook.com/Bestrobtic-103905882146232
Facebook Group: https://www.facebook.com/groups/2504400543025997
Youtube:https://www.youtube.com/channel/UC3y4BGH4UVHXJG-hCFjrUNw

PR Newswire

On-demand Food Delivery Services: Next Growth Frontier in Southeast Asia

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Exponential rise in internet penetration and mobile applications expedites growth opportunities, says Frost & Sullivan

SAN ANTONIO, Feb. 15, 2022 — Frost & Sullivan’s recent analysis, Southeast Asian On-demand Food Delivery Market, finds that the industry presents promising growth opportunities for market participants. Increasing internet penetration and mobile applications and surging internet subscribers accelerate market expansion. The gross merchandise value (GMV) of the market in the region is likely to reach $49.72 billion by 2030, up from $15.15 billion in 2021, registering a compound annual growth rate (CAGR) at 14.1%.

On-demand Food Delivery Services: Next Growth Frontier in Southeast Asia
On-demand Food Delivery Services: Next Growth Frontier in Southeast Asia

For further information on this analysis, please visit: https://frost.ly/6zk

Southeast Asia’s on-demand food delivery market is highly concentrated. GrabFood (by Grab), Foodpanda (by Delivery Hero), and GoFood (by Gojek) contributed 84.8% of the total market share in 2021, followed by smaller operators such as Deliveroo in Singapore, Line Man in Thailand and ShopeeFood in Indonesia, Malaysia and Thailand. By market share in 2021, GrabFood is the leading on-demand food delivery service in Southeast Asia with 47.8% of the market, followed by Foodpanda at 23.2%, GoFood at 13.8% and others at 15.2%.

"The rise of shared mobility solutions in Southeast Asia has accelerated the expansion of on-demand food delivery services. Backed by large customer bases and user dependence, operators’ super apps are enabling value chain integration," said Ming Lih Chan, Industry Analyst, Mobility at Frost & Sullivan. "Additionally, major on-demand service operators are expected to broaden their product portfolios in the next one to three years, including on-demand deliveries of food and beverage, fresh foods and kitchen supplies, groceries, pharmaceutical products, and so on."

Chan added: "The developments of on-demand food delivery services will lead to the optimization of merchants, including supply chain management and time management, which vary according to the food delivery types such as instant, scheduled, and deferred. In addition, with the rapid advancement of technology and the popularization of mobile internet, adoption of digital payment solutions as opposed to cash on delivery will also increase."

To tap into the growth prospects, on-demand food delivery operators should:

  • Evaluate the potential integration of different industries, especially those related to mobility, including strategic partnerships, mergers, and acquisitions.
  • Improve the instant food delivery market and strengthen their competitiveness by broadening their product portfolios and application of new technologies.
  • Explore partnerships with merchants, especially food and beverage restaurants and catering services, to enrich product choices for users.

Southeast Asian On-demand Food Delivery Market, 2021-2030 is the latest addition to Frost & Sullivan’s Mobility research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For six decades, Frost & Sullivan has been 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

Southeast Asian On-demand Food Delivery Market, 2021-2030

PCAF

Contact:

Melissa Tan
Corporate Communications
T: +65 6890 0926
E: melissa.tan@frost.com

http://www.frost.com

 

PR Newswire

The New Wave of Floor Cleaning Tech: obode P8 Auto Self-cleaning Mopping Vacuum Robot

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SUZHOU, China, Feb. 10, 2022 — Robotics expert obode, a brand of Midea Robozone, just announced the launch of P8, a next-generation smart robot vacuum & mopping for automated floor cleaning for the entire home. Featuring mop pads self-cleaning with the cleaning agent, LDS intelligent navigation, smart automatic water replenishment and customizable app. The P8 is available now.

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P8 is a vacuum mop combo robot with the ability to self-clean its mopping pads to prevent mold and bad smells. As the ultimate all-in-one floor cleaning solution with 3 modes for sweeping, vacuuming, mopping, and combination cleaning. P8 is equipped with double-spin mops and a heavy-duty vacuum motor with 2000pa of suction power, and the smart lifting roller brush can be raised to 7mm during its mopping motion. The system easily picks up debris and hair from both hard floors and carpets. P8 uses an advanced ultrasonic sensor to determine surface types and apply the proper vacuuming, mopping, edge cleaning, and full mapping as needed. It moves seamlessly across the room, and intelligently switches between sweeping and mopping for safe, effective cleaning of any floor type.   

"Many people have made the move to robotic vacuum cleaners for home convenience. However, over the past few years, technologies such as robotic navigation and surface sensors have greatly advanced. For P8, we applied these next-gen technologies to create the ultimate robot vacuum cleaner with mopping functions. The result is the most advanced multi-surface floor cleaning device with superior mapping, intelligent surface identification and multi-mode cleaning for all household floors. P8 intelligently cleans and features programmable functions that take the hassle out of household chores. It efficiently and thoroughly keeps your floors clean so that you don’t have to. It’s the perfect addition to the modern home." Yuan Chen, founder of obode.

obode P8 Intelligent All-In-1 Self-cleaning & Mopping Robot
obode P8 Intelligent All-In-1 Self-cleaning & Mopping Robot

P8 uses the sixth-generation navigation algorithm is combined with ToF Lidar and more than 30 sets of navigation sensors to achieve centimeter-level high-speed mapping to avoid obstacles and barriers as it determines the most efficient and effective cleaning route through the home. With a 6200mAh battery built-in, P8 is capable of up to 2.5 hours of continuous cleaning, enough to do the entire house, before it automatically returns to base for recharging. P8 is also equipped with 4.6L and 4.7L water tanks. One for dirty, one for freshwater. For superior cleaning, P8 has a backwashing mopping cloth with the cleaning agent to prevent secondary smudging and automatically returns to the base to clean and hot dry the mop to disinfect it after each cleaning session.

Convenient control of the P8 is achieved with voice commands via Alexa or Google Home and the system has the obode Life app for scheduling, customized cleaning, setting virtual no-go zones, and ‘Do-not-disturb’ modes.

P8 is available now for sale with special deals and pricing for early adopters.

About obode

Obode is an AIoT technology eco-brand that brings the future to busy, trendy working-age people to give them more freedom and a positive living environment. At home, in the world around them, with smart, stylish, easy to use AIoT products. We aim to help people reclaim their time, using smart technology that cares for their world and enhances their lifestyle.
https://obodetech.com/

About Midea Robozone Technology

Robozone is a high-tech company focusing on Artificial Intelligence, Smart Robot products, and Smart Solutions. Based in Suzhou, with R&D centers in the US and China, Robozone has a multi-brand portfolio including Midea and obode covering 100+ global markets. Robozone Technology is a subsidiary of Midea Group.

https://mma.prnasia.com/media2/1743787/obode_P8_Kickstarter_Version.mp4?_=1
PR Newswire

#Work With AiDot launches Valentine’s campaign with perfect home decoration gift

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LOS ANGELES, Feb. 4, 2022 — AiDot app runs a Valentine ‘s Day campaign starting from February 1st, 2022, till Valentine’s Day on February 14th, 2022. Partnering Linkind, OREiN and Winees, "Work with AiDot" to meet Valentine’s Day home decoration needs through a customized combination of multiple lighting scenes to create a romantic atmosphere.

Click for more information: https:/bit.ly/3rToSfZ

Partnered with Linkind, OREiN and Winees, "Work with AiDot" will provide 5000 units of gifts, including smart cameras, smart table lamps and smart LED bulbs to customers. They will send prizes within the campaign to help consumers with Valentine’s Day home decoration ideas.

With all the enthusiasm, "Work with AiDot" provides plenty of options for Valentines home decoration Ideas：

The light dims and shifts, that means "I miss you":

Valentine’s Day shall be more romantic by spending time with your lover. When sharing a candlelight dinner with your lover and spending a warm and romantic Valentine’s night together, our smart table lamp (Linkind Smart RGB Table Lamp) can always create a suitable lighting atmosphere for you.

By using warm white and choose candlelight mode, it imitates the warmth and softness of candlelight and makes the breathing of loving.

Make a long distance relationship work:

Not every couple can meet each other with hand in hand on Valentine’s Day, but through our home safety camera (Winees Indoor Security Camera), the distance between you and your lover is within inches. No matter where you are, home is always with you, of course, all about love.

Relaxing spa / warm accompanying:

A relaxing comfortable Thai massage with a dimmable warm light work with AiDot.

To get away from the boring and tiring daily job, spent some time having a soul relaxing Thai massage, with an alluring dim warm light. Do not resist the sleepiness, let the OREiN Smart Wi-Fi RGBW LED Light Bulbs guide you to the deepest galaxy.

Whether you decide to share a candlelight dinner with your lover, enjoy a Thai spa for soul relaxation, or care for your loved ones at any time, you can set up the corresponding mood and atmosphere before the selected time to greet them with a special Valentine’s Day theme.

About Work with AiDot：

As an evolving integrated smart home eco-system, Work with AiDot is interconnected with Amazon Alexa, Google Home, Apple Homekit, Conrad connects, Smartthings, etc. AiDot APP is fully compatible with Amazon Echo, Google Assistant, Apple Home Pod and other voice assistants, also work with 20 partners’ mainstream smart home devices. More details, visit: www.aidot.com.

Products connected to the Work with AiDot ecosystem can control collaboratively with multi-brands for ambient scenes. More brands will connect with this ecosystem in the future, which will enable more smart home devices to Work with AiDot to bring customers a convenient smart life and meet the needs of smart home scenes.

For more information, visit: www.aidot.com

Work with AiDot Facebook: https://www.facebook.com/workwithaidot/

Contact: marketing@aidot.com

PR Newswire

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

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

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

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

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

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

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

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

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

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

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

 

PR Newswire

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

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

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

 

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

 

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

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

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

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

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

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

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

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

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

PR Newswire

Boqii Holding Limited Receives NYSE Non-Compliance Letter Regarding ADS Trading Price

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SHANGHAI, Jan. 29, 2022 — Boqii Holding Limited ("Boqii" or the "Company") (NYSE: BQ), a leading pet-focused platform in China, today announced that it has received a letter from the New York Stock Exchange (the "NYSE") dated January 26, 2022, notifying the Company that it is below the compliance criteria due to the trading price of the Company’s American depositary shares (the "ADSs").

Pursuant to NYSE Rule 802.01C, a company is considered to be below compliance criteria if the average closing price of a security as reported on the consolidated tape is less than US$1.00 over a consecutive 30 trading-day period. Once notified, the company must bring its share price and average share price back above US$1.00 within six months following receipt of the notification. The company can regain compliance at any time during the six-month cure period if on the last trading day of any calendar month during the cure period the company has a closing share price of at least US$1.00 and an average closing share price of at least US$1.00 over the 30 trading-day period ending on the last trading day of that month. In the event that at the expiration of the six-month cure period, both a US$1.00 closing share price on the last trading day of the cure period and a US$1.00 average closing share price over the 30 trading-day period ending on the last trading day of the cure period are not attained, the NYSE will commence suspension and delisting procedures.

To address this issue, the Company intends to continuously monitor the market conditions of its ADSs and is considering its options to regain compliance.

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 more information, please visit: http://ir.boqii.com/.

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.

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

Yealink Reveals Latest BH7X Bluetooth Headsets Designed for the Hybrid Generation

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XIAMEN, China, Jan. 21, 2022 — Yealink (Stock Code: 300628), a global leading unified communications (UC) solution provider, has officially announced the release of its new BH7X Bluetooth Headsets to meet the demands of the predominant hybrid working population.

Yealink has announced its new BH7X Bluetooth Headsets to meet the demands of the predominant hybrid working population.
Yealink has announced its new BH7X Bluetooth Headsets to meet the demands of the predominant hybrid working population.

Following the launch of the company’s WH6X DECT headsets, Yealink has solidified its position as the provider of top professional headsets for office use. Targeting workers of the "H Generation" — a Hybrid breed of professionals that have a pressing need for quality Headsets — the company understands the demand for a product that can fulfill work requirements competently, with portability at its core, and flexible enough for casual use. The new BH7X Bluetooth Headset is the solution.

Finding a workspace anywhere is easy with the help of the BH7X. The technology and components powering Yealink’s latest product include:

  • Ole Wolff Diaphragm
  • Hi-Fi Level Audio Codec aptX
  • Intelligent dynamic Active Noise Cancellation (ANC)
  • Acoustic Shield Technology
  • Multiple noise-cancellation microphones

This allows for excellent voice quality and clarity for daily use, and no compromise whether it is for work, leisure, or general call experience wherever users may be. The BH7X also brings wireless charging and seamless UC compatibility to further enhance productivity in the workplace.

Engineered for the hybrid generation, the BH7X fits in seamlessly at the office or on the go with its contemporary design and a discrete, hidden boom arm that still guarantees exceptional, professional sound and enjoyment of all-day comfort.

In addition to the BH7X, the Yealink Headset family is bolstered by other effective products such as the Yealink UH38 Premium USB headset, which provides stable communication with Bluetooth & USB dual connection; for more personal collaboration usage, interested consumers can also consider the Yealink WH DECT series for all-in-one call control & cross devices usage.

All devices are designed to work flawlessly with the Yealink UC family, powering workers into a future of hybrid operations and communications needs.

Learn more about Yealink BH7X headsets from the launch event: https://www.yealink.com/bluetooth-headsets-new-product-launch?utm_source=pr_article&utm_medium=banner&utm_campaign=website  

About Yealink Inc.

Yealink (Stock Code: 300628) is a global brand that specializes in video conferencing, voice communications and collaboration solutions with best-in-class quality, innovative technology and user-friendly experience. As one of the best providers in more than 140 countries and regions, Yealink ranks No.1 in the global market share of SIP phone shipments (Global IP Desktop Phone Growth Excellence Leadership Award Report, Frost & Sullivan, 2020). For more information, please visit: www.yealink.com

Media Contact
ucinfo@yealink.com

PR Newswire

Foodics Acquires POSRocket And Becomes The Dominant Restaurant-Tech Provider In MENA

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  • Strategic Landmark first acquisition for Foodics to consolidate the market
  • Deal positions Foodics as the dominant Restaurant-tech provider in MENA
  • POSRocket is the second largest restaurant Cloud technology player in the region
  • First acquisition also opens the door to further upcoming M&A activities

RIYADH, Saudi Arabia, Jan. 10, 2022 — FOODICS, the leading GCC Restaurant-Tech company based in Saudi Arabia, has announced today its first acquisition, with the full ownership of POSRocket, the second largest restaurant Cloud technology provider in MENA. 

Photo of Foodics CEO - Ahmad Al Zaini and Chief Executive Astronaut POSRocket - Zeid Husban (left to right)
Photo of Foodics CEO – Ahmad Al Zaini and Chief Executive Astronaut POSRocket – Zeid Husban (left to right)

This landmark acquisition is a strategic move by both companies and one that enables Foodics to consolidate the market, as well as take market leadership position in Egypt, Kuwait, Oman and Jordan on top of the dominant position it already had in the rest of GCC. This first acquisition also opens the door to further upcoming M&A activities and international expansion from Foodics.

Founded in 2016 in Jordan, POSRocket offers cloud-based POS software for restaurants and retailers, allowing owners to remotely manage operations in real-time. The acquisition will allow POSRocket merchants to benefit from Foodics’ ecosystem in managing payments, supplies and capital lending infrastructure.

Ahmad Al-Zaini, Foodics CEO and Co-founder commented, "We are delighted to welcome the POSRocket astronaut team, its clients and partners to the Foodics family and look forward to growing together for the benefit of the wider ecosystem. Our acquisition of the fast growing and second largest restaurant Cloud technology provider in the region is very strategic as it naturally establishes our position as the dominant player across MENA and beyond."

Zeid Husban, POSRocket Chief Executive Astronaut and Founder commented, "Foodics is a natural fit for POSRocket, as both brands are driven by helping business owners grow their operations. Bringing our talented teams together is a strategic move that yields us a unique competitive advantage. Now powered by Foodics, the POSRocket astronauts are delighted to be joining a larger team and brand, and with access to funding, we are looking forward to a bright future together."

Since its inception in 2014, Foodics has successfully already processed over US$5 billion worth of orders through its platform, and is targeting 150,000 terminals by the end of 2024.

More information about FOODICS:

https://www.foodics.com/