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PR Newswire

RPA Proves itself as Rocket Fuel for MSPs: ElectroNeek Reports Record 750% Growth of Revenue from Managed Service Providers

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SAN FRANCISCO, Oct. 14, 2021 — Following a shift to providing RPA solutions and business support to Managed Service Providers (MSPs) in 2020, ElectroNeek’s MSP-focused revenue increased by 750% in the past 12 months.

Through RPA tools such as Studio Pro, Bot Runner, and SaaS Orchestrator, ElectroNeek’s focus on empowering MSPs resulted in exponential growth in revenue, with Q3 doubling the efforts of the first half of the year. Revenue from sales to MSPs increased by 750%, and ElectroNeek’s MSP customer base increased by 2.5 times compared to the end of Q3 2020. Our innovative product ecosystem, MSP-focused services, and subscription-friendly business model allows MSPs to have control over pricing for end-clients with flexible terms that aid partners in winning new segments and beating old-fashioned RPA platforms partners.

ElectroNeek’s network of MSP partners continues to grow, and now includes partners globally. By leveraging the ElectroNeek ecosystem, our MSP partners have evolved their service offerings to provide RPA services for not just small- and medium-sized clients, but enterprise as well.

"ElectroNeek’s shift towards a focus on MSPs and their clients started in the fourth quarter last year. To best serve our clients, this transformation demanded that we grow our products and business processes. The result was closing all product gaps with our Summer ’21 release, along with evolving our business framework to accommodate a MSP-focused business model. With these accomplishments, our team delivered outstanding results.

The revenue growth from our target audience of entrepreneurs that provide RPA services to end-clients increased by 750% through Oct. 1, 2021, from the end of Q3 2020. The successes of our teams throughout the year so far has equipped us with the ability to fulfill our new sales plans in Q4."

Sergey Yudovskiy, Co-founder & CEO, ElectroNeek

ElectroNeek’s MSP-oriented RPA ecosystem

At ElectroNeek, we help MSPs drive high profits by providing a robust lineup of products, joint business and technical efforts with partners, and free bot licenses. ElectroNeek’s focus to help MSPs succeed delivers a clear vision for innovation in the RPA industry: the ease of development and deployment of RPA solutions.

ElectroNeek’s ecosystem continues to evolve to meet the demands and needs of our MSP partners. Our support teams understand the complexity of our partner’s RPA solutions and business models; ElectroNeek partners serve a wide audience of end-clients — from small businesses to Fortune 500 enterprises in a variety of industries — and the ElectroNeek ecosystem empowers them to deliver the best RPA solution for each end-client.

About ElectroNeek

ElectroNeek is the top RPA vendor for Managed Service Providers (MSPs) with offices in North America, India, Europe, and Latin America. More than 500 customers and partners trust ElectroNeek worldwide to deliver hyper-automation solutions and support.

ElectroNeek is the preferred RPA vendor for many globally recognized and leading regional MSPs, such as BDO, HLB, and Compasso, and enterprise clients such as Electrolux, Epiroc, Sage, and 7-Eleven.

Contacts:
pr@electroneek.com

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PR Newswire

Zilliqa’s NFT ecosystem heats up as its latest collection ‘The Bear Market’ breaks the bullish $1m sale milestone in less than 24 hours.

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SINGAPORE, Sept. 17, 2021 — Newest addition to Zilliqa’s non-fungible token (NFT) ecosystem, "The Bear Market", recently broke sales records for the public blockchain in just under 24 hours of going live. The NFT collection — cheekily coined "The Bear Market" — boasted over $1 million in sales, the highest of any NFT collection on the blockchain platform thus far.

The Bear Market is a collection of 10,000 programmatically-generated digital art pieces of bears that can be minted by users on the Zilliqa blockchain. Also known as generative NFTs, the collection was launched as a commemorative piece by Switcheo Labs in partnership with Zilliqa to celebrate the upcoming launch of the Zilswap NFT marketplace. The sale began on 15 September 2021 at 8AM UTC and is set to run for 48 hours. Within a day, more than half the available pieces were snatched up by the Zilliqa community.

Amrit Kummer, President at Zilliqa, said: "The recent NFT boom has made waves not just within the crypto realm, but is instead quickly becoming mainstream. This phenomenon is also gaining traction on Zilliqa, as its highly scalable nature allows for much lower network fees compared to incumbents like Ethereum. The strong showing from NFT launches such as The Bear Market has been supported by a wider audience that have been previously priced out."

Ivan Poon, co-founder of Switcheo Labs, said: "The support we’ve received from the Zilliqa community has been overwhelming. We could not have asked for a warmer reception, and we are committed to supporting Zilliqa users with critical infrastructure through upcoming projects such as the Zilswap NFT marketplace, cross-blockchain bridge and more".

One of the pertinent pillars of success for NFT collections is having an active community to support the project, and The Bear Market looks to be headed in the right direction. According to LunarCRUSH, a cryptocurrency social listening platform, Zilliqa topped the charts and took the spot for being the Coin of the Day on 15 September, the same day The Bear Market was launched. Zilliqa saw a 47.4% increase in social engagements with over 11 million engagements on social media, and a 68.2% increase in social mentions.

The Bear Market sale is still ongoing at https://thebear.market and can be purchased for 2,000 ZILs.

About The Bear Market NFT Collection

The Bear Market is a collection of 10,000 digital art pieces minted as NFTs on the Zilliqa blockchain. Each NFT in the collection has unique traits that are programmatically generated in a fair and random manner to form a final digital image. This collection was created by Switcheo Labs to commemorate the partnership with Zilliqa, as well as the upcoming launch of ZilSwap’s NFT marketplace.

About Zilliqa & ZilSwap

Zilliqa is a high-performance scalable public blockchain platform based in Singapore. ZilSwap is a fully on-chain decentralized application running on Zilliqa. ZilSwap acts as a core tenet of infrastructure on Zilliqa, allowing its users to perform critical actions such as the swapping of tokens and provision of liquidity.

Contact: Lynn Choy, Email: lynn.choy@switcheo.network, Phone: +6598564074

PR Newswire

ATFX Connect Continues to Report Strong Volume Growth in 2021

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SHANGHAI, Sept. 13, 2021 — ATFX Connect, the institutional arm of ATFX, focusing on Hedge Funds, Family Offices, B2B, Asset Managers, HNW’s, and spread betting accounts has reported positive trend growth for its trading volumes for Q1 2021 and Q2 2021.

ATFX Connect, announced that its volumes between Q1 2021 and Q2 2021 have seen quarterly growth of over 30%. In addition to this, ATFX Connect continues to expand its institutional business and market share by offering clients a broad range of financial instruments.

ATFX Connect supports institutional clients by providing them with Direct Market access to liquidity from T1 bank and non-bank providers in Spot FX, Precious Metals and CFDs. In addition, the flexible infrastructure enables ATFX to manage aggregation, pricing and allows integration with any third-party platform.

ATFX Connect’s Agency business has recently added to its global liquidity offering with the introduction of a server located in NY4. In addition to our current LD4 server, ATFX clients are now able to access a broader and deeper pool of liquidity during both the London afternoon and US trading session until market close.

The additional server has seen ATFX partner with a number of new LPs who have a strong presence during US trading hours. The support of these relationships has helped ATFX attract several new global clients who have trading desks covering the NYK session and has also resulted in a healthy increase in volumes from our existing clients wishing to trade with ATFX outside of London hours. As with our current offering in LD4, ATFX’s technology allows us to tailor our aggregated price streams from both servers to meet the requirements of each client helping them to execute business within a competitive and consistent pricing environment.

ATFX continues to expand its team and recently hired Steve Whittet, a well-known and highly respected figure in the FX Market. Steve’s hire is another signal for ATFX Connect’s ambition to expand its geographical footprint across Asia, Europe, Latin America, and the Middle East and enhance its product offering. Additionally, ATFX Connect continues to search for new team members to speed up its growth in other territories.

ATFX Connect

Back in 2019, ATFX stepped into the Institutional arena to launch its Multi-Access platform ATFX Connect. The management’s vision was to expand the broker’s global presence and provide award-winning liquidity and customer service to the institutional community. With the focus on the professional investor, the ATFX Connect platform is designed to provide an efficient automated trading venue that delivers tailored liquidity solutions to Hedge Funds, Asset Managers, Brokers, Private Banks, and other financial institutions.

ATFX

ATFX is an award-winning FX/CFD broker with a global presence offering customer support in over 15 languages. With over 200 tradable financial assets, including forex, cryptocurrency, precious metals, energy, indices, and shares traded as CFDs, ATFX is regulated by the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Financial Services Commission (FSC) in Mauritius, and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.

PR Newswire

Onion Global Reaches RMB222 million in GMV for the first three days during the 2021 Beauty Carnival Shopping Festival

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GUANGZHOU, China, Sept. 10, 2021 — Onion Global Limited ("Onion Global", the "Group" or the "Company") (NYSE: OG), a next-generation lifestyle brand platform that incubates, markets and distributes the world’s fresh, fashionable and future brands to young people in China and across Asia, today announced that its 2021 Beauty Carnival shopping festival achieved another milestone and generated a total of Gross Merchandise Volume ("GMV") settled on all of the Company’s e-commerce and offline channels of RMB222 million during the first three-days. Known as "China’s Black Friday", the Beauty Carnival is one of Onion Global’s key shopping festivals for global brands in China. The success of this festival is a key engine driving the revenue of the Group bringing together hundreds of thousands of consumers. This year’s event saw 4,239 brands participating, of which 28 are private label brands. The Beauty Carnival started on September 8, 2021 and will end on September 16, 2021.

Highlights from the 2021 Beauty Carnival shopping festival

  • The total GMV generated during the first three days was RMB222 million, and the total number of orders was over 440 thousand.
  • 4,239 brands participated in Beauty Carnival this year, of which 28 are private label brands.
  • The GMV generated from private label brands was RMB1.9 million.
  • O’Mall platform sourced more than 450 thousand SKUs from 34 countries/regions during the first three days of the Beauty Carnival this year.

Mr. Cong (Kenny) Li, Founder and CEO of Onion Global, commented, "’Crush On a New Life’ is the theme of our Beauty Carnival shopping festival this year, and as we continue to grow the event it has increasingly become seen as China’s version of a ‘Black Friday’ shopping festival. We also offer the most favorable prices to attract more consumers and increase our user engagement. Finally, we are differentiated from other platforms as we can enable our KOCs to interact with their fans and introduce new brands to consumers by telling the essence of their brand stories live. As we move forward, we are reviewing potential opportunities to invest in and develop operational capabilities in the virtual shopping space, which will further enhance our ability to provide users with new and comprehensive shopping experience. With the rapid development of telecommunication technologies such as virtual reality (VR) and advanced reality (AR), we believe that the mode of consumption will gradually transition towards the virtual world in the form of VR and AR, as users continue to seek fresh shopping experiences in the future."

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, the Company’s forecasts, general observation of the industry and business outlook, 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 terminology such as "may," "will," "expects," "anticipates," "target," "aim," "future," "intends," "plans," "believes," "potential," "estimates" "continue," "is/are likely to," or other similar statements. Further information regarding these and other risks is included in Onion Global’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Onion Global does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Onion Global Limited

Onion Global Limited (NYSE: OG) is a next-generation lifestyle brand platform that incubates, markets and distributes the world’s fresh, fashionable and future brands, which we refer to as "3F brands," to young people in China and across Asia. The Company’s mission is to be the dream factory of lifestyle brands for young people. The Company’s platform offering an integrated solution to develop, market and distribute new and inspiring branded products, thereby reshaping the lifestyle shopping and consumer culture in China. Onion Global Limited has been listed on New York Stock Exchange since May 2021.

For more information, please visit: http://ir.msyc.com/.

Investor Relations Contact
In China:
Onion Global Ltd.
Investor Relations
E-mail: ir@msyc.cc

Christensen
Mr. Eric Yuan
E-mail: eyuan@christensenir.com
Tel: +86-10-5900-1548

In United States:
Christensen
Ms. Linda Bergkamp
E-mail: lbergkamp@christensenir.com
Tel: +1-480-614-3004

Related Links :

http://ir.msyc.com/

PR Newswire

Hisense Stuns in EURO 2020, Laser TV Shipments Grow Over 10 Times in First Half of 2021

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QINGDAO, China, July 14, 2021 — After many intensive matches, the most-anticipated EURO 2020 final ended with Italy lifting the trophy and became the champion. As the global sponsor of EURO 2020, through many years of experience in sports marketing and technological innovations, Hisense also achieved a champion position in brand reputation and product sales. Furthermore, from January to June 2021, Hisense Laser TV shipments worldwide (excluding the Chinese market) have increased by more than ten times compared to the same period last year.

EURO 2020 Final, ITA vs ENG Highlights
EURO 2020 Final, ITA vs ENG Highlights

Leveraging sports marketing to drive high-end Laser TV sales

With the consolidation of brand strength and global market expansion, sports marketing is an indispensable choice of Hisense’s globalization strategy. Benefiting from the worldwide popularity and influence of EURO 2020, the tagline of "Hisense 100′ Laser TV" has attracted remarkable public attentions, enhanced the premium products’ market recognition, showcased Hisense’s technology and strength to global consumers, and established in-depth partnerships with many global business partners.

Through years of global reputation accumulation and benefits from sports marketing, Hisense Laser TV has achieved great success in the United States, Australia, South Africa, Dubai, France and other key markets, especially in the European market. For example, during EURO 2020, the Spain National Football Team has purchased 8 sets of 100-inch Hisense Laser TVs and gifted 6 of them to the players; Boulanger, a leading French home appliance retailer, became Hisense major business partner, took initiatives to allocate many store facilities to Hisense Laser TVs in 13 stores in France, maximized the recognition of Hisense’s high-end products in Europe.

To satisfy Dubai’s high-end market demands, Hisense combined Laser TV screen and golden frame to create an artistic hi-tech TV and praised by many Dubai consumers. Thus, many of Dubai’s royals, famous singers and enterprises are the loyal consumers of Hisense. From the golf club in Arabian Ranches to the Sheikh Zayed Road, Hisense Laser TVs can be found in prominent places and are becoming the trendiest popular product in Dubai.

By the end of 2020, Laser TV’s overseas cumulative sales revenue grew 120% year-on-year. Hisense maintained continuous growth and kept expanding the market even when the pandemic hampered the industry in 2020.


Emerging as a global leader in Laser TV industry through technological innovations

Hisense Laser TV’s success is also inextricably linked to its continuous technological breakthroughs. Since 2007, Hisense has begun to layout of developing Laser TVs. After 7 years of endeavour, Hisense made technical breakthrough from 0 to 1 and launched its first Laser TV in 2014. In 2021, Hisense is bringing Laser TV into a new era, by launching the world’s first full-colour 100-inch TriChroma Laser TV.

Hisense has applied for 1,366 global patents in the Laser TV sector and aims to propel the evolution of Laser TV industry by sharing patents, technologies and intellectual property rights with the industry within five years. President of Hisense Group, Jia Shaoqian said, "Currently Laser TV has achieved modest success. Hisense aims to form a technological ecology in the future, letting more enterprise into this industry."


Hisense Laser TV’s worldwide success isn’t a coincidence but a manifestation of Hisense’s technology strength, brand capability and innovation. With the remarkable Laser TV appearance in EURO 2020, it accelerated Hisense globalization process. Under Hisense’s initiative, Laser TV and the industry are witnessing a tremendous expansion worldwide.

PR Newswire

Meten EdtechX Maintains the No. 2 Language Training Service Sales During China’s 618 Shopping Festival on Tmall.com

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SHENZHEN, China, June 25, 2021 — Meten EdtechX Education Group Ltd. (Nasdaq: METX) ("Meten EdtechX" or the "Company"), one of the leading omnichannel English language training ("ELT") service providers in China, today announced that its online ELT platform, "Likeshuo," maintained the No.2 language training sales[1] among all language training service providers who participated China’s 618 Shopping Festival on Tmall.com. Likeshuo generated over RMB 10 million in gross billings during China’s 618 Shopping Festival from June 1 to June 20, 2021.

Meten EdtechX launched its online ELT platform, Likeshuo, in 2015 and integrated high-quality online teaching in small-class settings and immersive teaching by foreign teachers from native English-speaking countries. Likeshuo has also successively covered Japanese and other minority language training markets.

[1] Ranking based on gross billings from June 1 to June 20, 2021 on Tmall.com.

About Meten EdtechX

Meten EdtechX is one of the leading ELT service providers in China, delivering English language and skills training for Chinese students and professionals. Through a sophisticated digital platform and a nationwide network of learning centers, the Company provides its services under three industry-leading brands: Meten (adult and junior ELT services), ABC (primarily junior ELT services), and Likeshuo (online ELT). The Company offers superior teaching quality and student satisfaction, served by cutting-edge technology deployed across its business, including AI-driven centralized teaching and management systems that record and analyze learning processes in real time.

The Company is committed to improving the overall English language competence of the Chinese population to keep abreast of the rapid development of globalization. Its experienced management is focused on further developing its digital platform and expanding its network of learning centers to deliver a continually evolving service offerings to a growing number of students across China.

For more information, please visit: https://investor.metenedu-edtechx.com.

Safe Harbor Statement

This announcement contains forward-looking statements that involve risks and uncertainties. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the impact of the COVID-19 outbreak, our ability to attract students without a significant decrease in course fees; our ability to continue to hire, train and retain qualified teachers; our ability to maintain and enhance our brands; our ability to effectively and efficiently manage the expansion of our school network and successfully execute our growth strategy; the outcome of ongoing, or any future, litigation or arbitration, including those relating to copyright and other intellectual property rights; competition in the English language training sector in China; changes in our revenues and certain cost or expense items as a percentage of our revenues; the expected growth of the Chinese English language training and private education market; Chinese governmental policies relating to private educational services and providers of such services; health epidemics and other outbreaks in China; and general economic conditions in China. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

Ascent Investor Relations LLC
Tina Xiao
+1 917-609-0333
tina.xiao@ascent-ir.com

PR Newswire

Ionix Technology Inc. Announces 20 Million RMB Sale Order Will Be Obtained by Its Subsidiary Sijirun

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LAS VEGAS, March 25, 2021 — Ionix Technology, Inc. (OTCQB: IINX), ("Ionix Technology", "IINX" or "the Company"), a business aggregator in the fields of photoelectric display and smart energy, today announced at least 20 million RMB Lithium-ion Battery equipment order will be obtained by a fully owned subsidiary of Ionix Technology Inc., Sijirun (Yixing) Technology Limited, becoming a profit growing point of the company. The first batch order has been signed on 18th this month with a total purchase price of more than 7 million RMB.

Sijirun is a conspicuous component of Ionix’s energy industry business chain which is an ecological and developing closed-loop. And it is also very important for the company’s business in the fields of new energy intelligent manufacturing and intelligent equipment industry. High intelligence of the equipment is a guarantee of high stability and consistency for EV and Energy storage battery.

Mr. Li Cheng, the CEO, expressed the confidence that the sales from the intelligent equipment business will become the new profit growth point of the company. He said: "these orders are based on the huge market demand for high-end intelligent lithium-ion battery. They are the first two sale orders with more than 20 million RMB after Ionix decided to build a new energy industry chain by the merger and acquisition of new energy upstream and downstream enterprises, which has laid a solid foundation for future performance development. The fulfillment and the completion of the orders will bring positive cash flow for the company, and will have a positive impact on the company’s performance, and also will inspire our confidence in merger and acquisition and development in the new energy industry chain."

To learn more, please visit our website: www.theiinx.com

Safe Harbor Statement

This news release contains "forward-looking statements" as that term is defined in the United States Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements, including beliefs, plans, expectations or intentions regarding the future, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors, such as the inherent uncertainties associated with new business opportunities and development stage companies. Ionix Technology assumes no obligation to update the forward-looking statements. Although Ionix Technology believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should refer to the risk factors disclosure outlined in Ionix Technology’s annual report on Form 10-K for the most recent fiscal year, quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the U.S. Securities and Exchange Commission.

Related Links :

http://www.theiinx.com

PR Newswire

Dada Group’s JDDJ Strengthens Partnership with G-super to Launch “Super Merchant Day” with New Sales Records

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SHANGHAI, Feb. 19, 2021 — Dada Group (Nasdaq: DADA) ("Dada" or the "Company"), China’s leading local on-demand delivery and retail platform, is pleased to announce that JD Daojia (JDDJ), the on-demand retail platform of Dada, has collaborated with G-super, the innovative retail chain brand of Greenland Group, to launch the exclusive "Super Merchant Day". On January 31, G-super saw new record-breaking online orders and sales on JDDJ.

A picker was processing JDDJ’s orders at a G-super store
A picker was processing JDDJ’s orders at a G-super store

"Super Merchant Day" is a customized online shopping festival created by JDDJ for leading supermarket chains in China. The event aims to integrate the online and offline retail businesses, including retailers, stores, brand owners and e-commerce platform, to innovate marketing effects and improve online sales, user base, and brand influence. In 2021, JDDJ plans to launch more than 30 Super Merchant Days together with Top 100 supermarket chains and regional leaders in China.

As an innovative retail chain brand created by Greenland Group, which is among the Global Top 500 and the world’s leading multinational comprehensive enterprise group, G-super is a leader in China’s boutique supermarkets, selecting cost-effective imported goods and creating satisfying user experience for new middle-class consumers.

This was the first time that G-super jointly launched a shopping festival with a local on-demand retail platform through its online stores nationwide. During the 9-day online promotion from January 23 to January 31, G-super’s sales increased by 7.4 times compared with the same period last year. On the peak day, the number of new users increased by 200% over the previous week and the consumption frequency of online members soared by nearly 40% on JDDJ.

Di Mu, the Assistant General Manager and E-commerce Manager of G-super, said that, "The ‘Super Business Day’ event achieved satisfactory results of sales, orders, users, and members. G-super and JDDJ have built close partnership in terms of marketing, online traffic, users, and online and offline services. This can be a good example for supermarkets and O2O platform to jointly launch an online shopping festival in the industry."

Huijian He, the Vice President of Dada Group, said that, "G-super’s advantages in products and customers are valuable for JDDJ to diversify and optimize the product supply and attract mid-to-high-end users. Since the establishment of partnership, JDDJ have supported G-super with capabilities and operations experience of online traffic, marketing, order fulfilment, product management, and member operations."

Since September 2017, JDDJ has cooperated with G-super, as its stores in Shanghai have been integrated into the platform. In the past more than three years, G-super maintained rapid growth in online stores and sales on JDDJ. To date, all G-super stores have launched on JDDJ, covering main cities in China such as Shanghai, Beijing, Guangzhou, Shenzhen, Nanjing, Jinan, and Chengdu. At the third quarter of 2020, G-super’s sales on JDDJ nearly increased by 2 times compared with the same period last year, and the number of users placing orders and new users also nearly doubled year-on-year.

"The ‘Super Merchant Day’ was a key milestone for our three-years cooperation. It also formed methodologies for two companies’ deepening future cooperation," said Ms. Mu. "The next three years will be crucial for G-super’s digitalization strategy, and JDDJ has become our important partner in this regard. We will strength our partnership with JDDJ in respect of users, products, order fulfilment, and marketing, to boost online sales and achieve refined operations."

About Dada Group

Dada Group is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China’s largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The company’s two platforms are interconnected and mutually beneficial. The Dada Now platform enables improved delivery experience for participants on the JDDJ platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform. In June 2020, Dada Group began trading on Nasdaq, under the ticker symbol "DADA".

About G-super

G-Super is an innovative retail chain brand created by Greenland Group, which is among the Global Top 500 and the world’s leading multinational comprehensive enterprise group. It is a preferred living space integrating "Shopping + Dining + Entertainment + Socializing". It not only focuses on imported goods with high cost performance, but also pays more attention to user experience: selecting global fashionable products, integrating fresh fruits and vegetables, fresh aquatic products, baked baking, catering delicacies, children’s experience, electronic products, etc. G-Super has paid more attention to the development of home-delivery service based on WeChat platform. WeChat orders can be delivered to customers’ homes in 30 minutes at the earliest. It focuses on Omni-channel development of online and offline to create a new era of Greenland shopping.

Related Links :

http://imdada.cn

PR Newswire

Ericsson reports fourth quarter and full-year results 2020

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STOCKHOLM, Jan. 29, 2021 — 

Fourth quarter highlights           

  • Sales adjusted for comparable units and currency grew by 13% YoY mainly driven by sales in North East Asia, Europe and North America. Reported sales were SEK 69.6 (66.4) b.   
  • Gross margin excluding restructuring charges improved to 40.6% (37.1%) with margin improvements in all segments. Reported gross margin improved to 40.6% (36.8%).
  • Operating income excluding restructuring charges improved to SEK 11.0 b. (15.8% operating margin) from SEK 6.5 b. (9.7% operating margin) mainly driven by Networks. Reported operating income was SEK 11.0 (6.1) b.           
  • Networks sales increased by 20% YoY, adjusted for comparable units and currency. Operating margin excluding restructuring charges was 21.5% (14.5%).         
  • Reported net income was SEK 7.2 (4.5) b.         
  • Free cash flow before M&A was SEK 12.8 (-1.9) b. Q4 2019 included a payment of SEK 10.1 b. related to the resolution of the US SEC and DOJ investigations. Net cash Dec 31, 2020, was SEK 41.9 (34.5) b. 

Full-year highlights      

  • Sales adj. for comp. units and currency grew by 5%, with Networks growing by 10%. Reported sales increased by 2% to SEK 232.4 b.
  • Gross margin excl. restructuring charges was 40.6% (37.5%), with improvements in all segments.
  • Reported operating income improved to SEK 27.8 (10.6) b.           
  • Reported net income was SEK 17.6 (1.8) b.     
  • Free cash flow before M&A amounted to SEK 22.3 (7.6) b. Full-year 2019 included a payment of SEK 10.1 b. related to the resolution of the US SEC and DOJ investigations.          
  • The Board of Directors will propose a dividend for 2020 of SEK 2.00 (1.50) per share to the AGM.

Planning assumptions highlights (please see the quarterly report for complete planning assumptions)      

  • Three-year average reported sales seasonality between Q4 and Q1 is -24%; however, the seasonal effect may be somewhat less pronounced due to 5G deployment in some of Ericsson’s markets.

SEK b.

                                   

Q4 2020

QA 2019

Yoy change

 Q4 2020

    QoQ change

Jan-Dec  2020

Jan-Dec 2019

                YoY  
                                  change                    

                                   

Net sales

 

69.6

 

66.4

 

5%

 

57.5

 

21%

 

232.4

 

227.2

 

 

2%

                                   

Sales growth adj. for comparable units and currency 

 

–

 

–

 

13%

 

–

 

–

 

–

 

–

 

 

5%

                                   

Gross margin 

 

40.6%

 

36.8%

 

–

 

43.1%

 

–

 

40.3%

 

37.3%

 

–

 

                                   

Operating income (loss) 

 

11.0

 

6.1

 

80%

 

8.6

 

27%

 

27.8

 

10.6

 

 

163%

                                   

Operating margin 

 

15.8%

 

9.2%

 

–

 

15.0%

 

–

 

12.0%

 

4.6%

 

–

 

                                   

Net income (loss) 

 

7.2

 

4.5

 

60%

 

5.6

 

29%

 

17.6

 

1.8

 

–

 

                                   

EPS diluted, SEK 

 

2.26

 

1.33

 

70%

 

1.61

 

40%

 

5.26

 

0.67

 

–

 

                                   


Measures excl. restructuring charges and other items affecting comparability[1]

                                   

Gross margin excluding restructuring charges 

 

40.6%

 

37.1%

 

–

 

43.2%

 

–

 

40.6%

 

37.5%

 

–

 

                                   

Operating income excl. restr. charges & items affecting compar. in 2019[2] 

 

11.0

 

5.7

 

92%

 

9.0

 

23%

 

29.1

 

22.1

 

 

32%

                                   

Operating margin excl. restr. charges & items affecting compar. in 2019[2] 

 

15.8%

 

8.6%

 

–

 

15.6%

 

–

 

12.5%

 

9.7%

 

–

 

                                   

Free cash flow before M&A 

 

12.8

 

-1.9

 

–

 

3.9

 

–

 

22.3

 

7.6

 

 

192%

                                   

Net cash, end of period 

 

41.9

 

34.5

 

21%

 

41.5

 

1%

 

41.9

 

34.5

 

21%

 

[1]Non-IFRS financial measures are reconciled at the end of this report to the most directly reconcilable line items in the financial statements.

[2]Operating income excludes restructuring charges in all periods and cost provisions related to the resolution of the SEC and DOJ investigations of SEK -11.5 b. in Q3 2019 as well as a partial release of the same provision of SEK 0.7 b. in Q4 2019.

Comments from Börje Ekholm, President and CEO of Ericsson (NASDAQ:ERIC)

As we navigate through the pandemic, health and well-being of our colleagues, customers and partners is our number one priority. Despite the challenges, our people continued to deliver and to serve our customers with very limited disturbances. Our R&D investments have continued to drive both technology leadership and cost efficiency which have led to increased market share and improved financial performance. We are today a leader in 5G with 127 commercial contracts and 79 operating networks around the world. Organic[1] sales grew by 5% for the full year. Our operating margin[2] of 12.5% (5.0%) exceeded our 2020 target and reached the 2022 Group target range two years early.

Networks sales grew organically[1] by 20%, reporting a gross margin[2] of 43.5% (41.1%) for Q4. This reflects continued high activity levels in North America and North East Asia, and also in Europe where we further increased market share. Networks delivered an operating margin[2] of 19% for full-year 2020 – well above the 15%-17% target. Investing in R&D is fundamental to our strategy. Since 2017 we have increased R&D investment by SEK 10 b. and delivered SEK 16 b. of improved operating income. Our growth during 2020 is built on a strong and competitive 5G portfolio.

Digital Services gross margin[2] grew to 41.0% (38.1%) in Q4. From 2017 to 2020, gross margin excluding restructuring charges and items affecting comparability increased from 29% to 42%, as a result of streamlined product portfolio, fewer critical contracts, a growing portion of software sales and lower service delivery costs. We continue to execute on the turnaround plan and the operating income[2] of SEK 0.5 b. in Q4 is the best quarterly result to date. The cloud-native 5G portfolio has a high win ratio and significant new customer contracts will start to generate revenues during the next 12-18 months. By selective R&D investments to accelerate our growth portfolio, we aim to capture further opportunities.

Managed Services delivered a gross margin[2] of 17.7% (15.4%) in Q4. Sales declined on operator consolidation in the US during 2020. The full-year 2020 operating margin[2] was 8.1% – above the 5%-8% target. We expect the margin profile to improve further with increasing sales of our Operations Engine with its high value-added services, driven by R&D investments in AI and automation. We see increasingly positive response from customers to our new portfolio.

Emerging Business and Other sales are growing in enterprise offerings such as IoT Platforms, complemented by the acquisition of Cradlepoint. Gross margin[2] improved to 33.8% (15.1%) driven by operational leverage from growth and lower cost as a result of the exited Edge Gravity business. Cradlepoint drives new revenues for mobile service providers and strengthens our position in the 5G enterprise market, alongside our existing Dedicated Networks and IoT portfolio. The underlying business in Cradlepoint develops according to plan. However, reported sales and costs for Cradlepoint are impacted by purchase price allocations and during 2021 our operating margin is expected to be negatively impacted by approximately -1 percentage point due to amortization of intangibles and increased cost for market expansion.

Free cash flow before M&A was SEK 22.3 (7.6) b. in full-year 2020. The Board will propose a dividend of SEK 2.00 (1.50) per share to the AGM, underlining the confidence in Ericsson’s business and financial position. In this context it is worth noting that we decided early on not to apply for any pandemic-related government support.

Patent licensing revenues for the full year amounted to SEK 10 b. As communicated in December, we are approaching important contract renewals, which could negatively impact 2021 and 2022 earnings (see planning assumptions on operating income, page 6). We are confident in the long-term value of our patent portfolio, including a strong position in 5G. We will seek to maximize the net present value of this portfolio, established over many years on the back of R&D investments. The IPR standardization framework, based on FRAND terms, underpins the interoperability of global wireless communications with more than 8 billion mobile subscriptions.

The pandemic has fast forwarded the digitalization of societies, including remote working, by months if not years. A resilient digital infrastructure is critical. We see more signs that countries and enterprises see 5G as a key access technology, with increasing deployment speed in Australia, the Middle East, North East Asia and the US. The pandemic has exposed the digital divide and rapid deployment of 5G is a fast way to bridge the divide.

The Swedish telecom regulator’s decision to exclude Chinese vendors from 5G networks may create exposure for our operations in China. Our business in 180 markets today has been built on free trade and open, competitive markets. This has also ensured the development of a single global standard for mobile communication. It is critical that responses to the geopolitical situation safeguard the extraordinary value associated with those operating standards for 5G and beyond.

During 2020 we further reinforced our strong commitment to ethics and compliance. We increased the investment with the recruitment of additional dedicated resources and the deployment of new or revised processes and controls. As a vital cornerstone, we put focus on establishing a durable ethical culture that is built on individual accountability for responsible business practices. The ongoing independent monitorship is providing valuable contributions to achieving our ambition.

Long-term business fundamentals remain strong and we will continue to invest in further strengthening our portfolio and growing our global footprint. While we expect temporary negative impact during 2021 from IPR renewals, Cradlepoint and investments to strengthen our long-term business, we remain fully committed to the 2022 target as a milestone towards the long-term EBITA[3] target of 15%-18%.

I want to take this opportunity for a shout out to all my colleagues who have turned the business around including delivering on customer commitments during a raging pandemic. I’m proud to be part of this team!

Stay healthy and well.

Börje Ekholm
President and CEO

[1]Sales adjusted for comparable units and currency

[2]Excluding restructuring charges

[3]Excluding restructuring charges and amortization of intangible assets

NOTES TO EDITORS

You find the complete report with tables in the attached PDF or by following this link  https://www.ericsson.com/assets/local/investors/documents/financial-reports-and-filings/interim-reports-archive/2020/12month20-en.pdf  or on www.ericsson.com/investors

Conference call for analysts, investors and journalists

President and CEO Börje Ekholm and CFO Carl Mellander will comment on the report and take questions. The conference call will begin at 9:00 AM CET (8:00 AM GMT London, 3:00 AM EST New York).

To join the conference call, please phone one of the following numbers:

Sweden: +46 (0)8 566 426 51 (Toll-free Sweden: 0200 883 685)

International/UK: +44 (0)333 300 0804 (Toll-free UK: 0800 358 9473)

US: +1 631 913 1422 (Toll-free US: +1 855 85 70686)

PIN code: 39453485#

Please call in at least 15 minutes before the conference call starts.

A live audio webcast of the conference call will be available at www.ericsson.com/investors.

A replay of the conference call will be available from about one hour after the conference call has ended until February 5, 2021.

Sweden replay number: +46 (0)8 519 993 85

International replay number: +44 (0)333 300 0819

US replay number: +1 (866) 931 1566

PIN code: 301335799#

FOR FURTHER INFORMATION, PLEASE CONTACT

Contact person

Peter Nyquist, Head of Investor Relations
Phone: +46 705 75 29 06
E-mail: peter.nyquist@ericsson.com

Additional contacts

Stella Medlicott, Senior Vice President, Marketing and Corporate Relations
Phone: +46 730 95 65 39
E-mail: media.relations@ericsson.com

Investors

Lena Häggblom, Director, Investor Relations
Phone: +46 72 593 27 78
E-mail:  lena.haggblom@ericsson.com

Stefan Jelvin, Director, Investor Relations
Phone: +46 709 86 02 27
E-mail: stefan.jelvin@ericsson.com

Media

Peter Olofsson, Head of Corporate Communications
Phone: +46 702 67 34 45
E-mail: media.relations@ericsson.com

Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com

This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 AM CET on January 29, 2021.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ericsson/r/ericsson-reports-fourth-quarter-and-full-year-results-2020,c3275901

The following files are available for download:

https://mb.cision.com/Main/15448/3275901/1365236.pdf

Ericsson fourth quarter and full year report 2020

 

PR Newswire

CLPS Incorporation Announces Chairman’s Letter to the Company’s Shareholders

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HONG KONG, Jan. 4, 2021 — CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), today released a letter to shareholders from the Chairman of the Company’s Board of Directors (the "Board"), the full text of which is provided below. All CLPS shareholders are encouraged to read it.

Dear Shareholders,

On behalf of the Board, I wish you a happy and safe new year!

In 2020, CLPS celebrated its 15th anniversary since its establishment. It was also a challenging year that forced most people to adopt to new realities. Despite this unprecedented year, we remained on track with our growth strategy such as global business expansion, continuous talent supply development, successful mergers and acquisitions, and technological innovation progress which further improved our operational efficiency.

Let us look back at the highlights of the Company’s performance in 2020.

1. Client Base and Revenue Growth

Despite macroeconomic effects during this period, CLPS has maintained double-digit annual revenue growth and its net income attributable to CLPS Incorporation’s shareholders has turned profitable. In fiscal 2020 financial results, the revenue increased by 37.7% to $89.4 million in the same period of the previous year. The revenues by geography were also improved. The year-over-year revenues generated from Singapore, Hong Kong, and Mainland China have increased by 191.8%, 56.6%, and 30.5%, respectively.

The gross profit increased by 31.0% to $31.1 million, and net income attributable to CLPS Incorporation’s shareholders was $2.9 million, or $0.20 basic and diluted earnings per share, compared to net loss attributable to CLPS Incorporation’s shareholders of $3.3 million, or $0.24 basic and diluted losses per share in the prior year period. Non-GAAP net income attributable to CLPS Incorporation’s shareholders increased by 85.3% to $6.9 million.

In 2020, CLPS gained more overseas and domestic clients and project-based contracts from the financial services and IT industries.

In IT consulting services, CLPS increased its client-base in international banks, credit card, trust, futures, payment system, internet services, e-commerce, smart logistics, intelligent vehicle, and semiconductor, among other industry. In November 2020, CLPS won the IT services provider bid for a well-known bank card processing services company in China.

In customized IT solution services, CLPS actively explored new business opportunities with its existing clients. It recently signed a deal with a leading Chinese state-owned automotive company for big data-enabled vehicle intelligent manufacturing system project.

2. Talent Supply

As CLPS’s edge among other competitors in the IT services market, we have been able to develop and maintain the talent supply chain in order to meet the demand of our clients.

CLPS has been cooperating with the Technological and Higher Education Institute of Hong Kong ("THEi") to boost its degree program in information technology. In addition, we established the Cooperative Education on Information Technology Program ("Coop Program") in partnership with Hong Kong Multimedia Design Association ("HKMMDA"), a non-profit organization in Hong Kong, in which more than 20% of the first batch of qualified trainees have been placed to local banks. 

Our achievements under the Talent Creation Program (TCP) and Talent Development Program (TDP) have been and will continue to be an important component in solving through the bottleneck of IT services market and talent supply shortage. Our talent programs are among the important drivers of the Company’s business growth in the international and domestic markets.

3. Research and Development Efforts

CLPS renamed its research center, the CLPS Research, to CLPS Innovation Lab. It has been dedicated to the research and application of innovative technologies, including distributed application systems, cloud computing, micro services, open API, robotic process automation (RPA), and big data, among other technologies. CLPS Innovation Lab focuses on continuous scientific and technological innovation to provide clients with more comprehensive and efficient IT services.

In the past year, we implemented RPA and big data into our internal human resources, financial, and operational management systems, which significantly improved the Company’s overall operation. In addition, CLPS’s recruitment center in the Mainland China launched in early 2020 is equipped with advanced technologies, such as cloud platforms, big data, and RPA to accelerate the talent acquisition process, thereby reducing operational cost.

CLPS’s RPA has supported its clients’ digital transformation, including the successful distribution into the application scenarios in the accounting, credit investigation, procurement, and logistics, among other processes for some large state-owned and pharmaceutical enterprises. As a result of RPA achievements, we have received positive feedback from our clients.

4. Streamlined Organizational Structure

CLPS has streamlined its corporate governance and organizational structure to better implement its global expansion strategy.

CLPS relocated its global corporate headquarters to Hong Kong, and set up Shanghai and Singapore as its regional headquarters in the Mainland China and Southeast Asia, respectively. We also set up our California subsidiary and expanded the fintech business development services opportunities in the Asia-Pacific and the US markets following the international business standards and services.

With more than ten years of experience in the credit card service industry, we set up a wholly-owned subsidiary, Qinson Credit Card Services Limited ("QCC"), to cater to the credit card service demands of the financial industry. In one-year period, QCC has attained its stature in the credit card industry, and it continuously develops more business opportunity. At present, its client base consists of well-known international and large banks, bank card associations, and international financial IT companies.

5. Mergers and Acquisitions

CLPS continued to advance its mergers and acquisitions efforts in Mainland China and globally. We recently acquired the remaining 20% ownership stake in Ridik Pte. Ltd. ("Ridik"). As a wholly owned subsidiary, Ridik will enable us to fully integrate our business in the Southeast Asia region and to further advance our business expansion in the global market.

In Mainland China, we invested in Shenzhen Huaqin Robotics and Guangdong Zhichuang Software Technology to diversify our service offerings in robotics, semiconductor, and other industries. Our investment initiatives will put us in a position to expand our business overseas and to better serve our clients going forward.

The COVID-19 outbreak has brought significant impact to the global economy. However, it accelerated the digitization and informatization of traditional industries. Post-pandemic, it is forecasted that majority of enterprises will pivot to technology platforms and will venture on digital transformation. In 2021, we expect growing demand for global financial IT services and solutions, as well as for IT talents in cutting-edge technology domain such as artificial intelligence (AI), blockchain, big data, and cloud applications.

Looking forward to 2021, we are dedicated to investing for resources based on our expertise in financial IT services and solutions in China and globally, advancing our competitive advantage, reaching global market business opportunity, and providing efficient IT services to our existing and potential clients. Our streamlined technological and management innovations will drive the Company to achieve higher quality development and bring long-term value to our shareholders. On behalf of the CLPS family, I extend my gratitude to our shareholders’ unwavering support and confidence in the Company. We hope all of you to stay healthy and safe during these challenging times.

With sincerity and determination,

Xiao Feng Yang
Chairman of the Board
CLPS Incorporation

 

About CLPS Incorporation

Headquartered in Hong Kong, CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global leading information technology ("IT"), consulting and solutions service provider focusing on the banking, insurance and financial sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial industry, including large financial institutions in the US, Europe, Australia, Southeast Asia and Hong Kong, and their PRC-based IT centers. The Company maintains 18 delivery and/or research & development centers to serve different customers in various geographic locations.  Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Baoding, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Suzhou. The remaining eight global centers are located in Hong Kong SAR, USA, UK, Japan, Singapore, Malaysia, Australia, and India. For further information regarding the Company, please visit: http://ir.clpsglobal.com/, or follow CLPS on Facebook, LinkedIn, and Twitter.

Forward-Looking Statements

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company’s control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company’s financial and operational performance in the second half and full year of fiscal 2020, its expectations of the Company’s future performance, its preliminary outlook and guidance offered in this presentation, as well as the risks and uncertainties described in the Company’s most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contact: 

CLPS Incorporation
Rhon Galicha
Investor Relations Office 
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com

Related Links :

http://www.clps.com.cn