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PR Newswire

Color Star Technology to Add Interactive Live Streaming Feature to Its “Color World” App on October 15, 2020

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NEW YORK, Sept. 25, 2020 — Color Star Technology Co., Ltd. (Nasdaq CM: HHT) (the "Company", or "Color Star"), a company engaged in the businesses of providing online and offline paid knowledge services for the media, entertainment and culture industries globally, today announced that it will upgrade its Color World App with interactive live video streaming feature on October 15, 2020.

"We are excited about the upcoming upgrade which adds interactive live streaming feature (the "New Feature") to our highly popular Color World App which has gained tens and thousands of users following the official launch of its Chinese version on September 10, 2020. With the New Feature, we plan to sponsor more interactive live events, such as, virtual celebrity-fan meetings, interactive training courses, and live concerts, among others. As we are committed to providing best in class user experiences for our live events, we are also accelerating the development of Augmented Reality ("AR") features for the Color World App," said Luke Lu, Chairman and Chief Executive Officer of Color Star.

"As we are constantly bringing more musicians, actors, and artists to our platform which in return attracts more fans, followers, and paid users to our platform, the New Feature is poised to take our user engagement to another level going forward," concluded Mr. Lu.

About Color Star Technology

Color Star Technology Co, Ltd. (Nasdaq CM: HHT) offers online and offline paid knowledge services for media, entertainment and culture industries globally. Its business operations are conducted through its wholly-owned subsidiaries Color China Entertainment Ltd. and CACM Group NY, Inc. The Company’s online education is provided through its Color World music and entertainment education platform. The Company also offers after-school entertainment tutoring in New York via its joint venture entity Baytao LLC. More information about the Company can be found at www.colorstarinternational.com.  

Forward-Looking Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.  Specifically, the Company’s statements regarding the proposed acquisition of FENT are forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market in China and other countries where HHT conducts its business; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Tony Tian, CFA 
Email: ttian@weitianco.com  
Phone: +1-732-910-9692

 

Related Links :

https://www.colorstarinternational.com/

PR Newswire

Global Banking & Finance Review Magazine Launches its Native Android & iOS Apps

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SINGAPORE, Sept. 25, 2020 — Global Banking & Finance Review Magazine, a world-renowned financial magazine, has launched mobile apps that make the magazine’s valuable content accessible to the public at no cost.

The magazine covers global topics on business, finance, banking, technology, trading, insurance, investing, and leadership. The magazine has evolved from the growing need to have a more balanced view of informative and independent news within the financial community. 

The experienced contributors of the magazines provide in-depth information that grants valuable insights into the latest happenings in the relevant fields. Leading players and key figures of the industry can gain this critical information from within the finance sector for free via the newly launched apps. Launching these apps is a part of Global Banking & Finance Review’s consistent efforts to make quality financial information accessible, palatable, and easily available to the public.

The Financial magazine provides ground-breaking coverage across various topics from across the world. The magazine is divided into Asian, African, American & European sections, offering articles, news, and analysis written by experts within various industries. Information like this, although extremely important and valuable, is not easy to access even in the Age of the Internet. That is the gap GBAF is seeking to address with its new apps.

With these apps, Global Banking & Finance Review has made it easier for the common man to access information that can radically change the way they manage their financial lives. To make the experience even better, the apps carry no ads. Of late, people have started going to great lengths to avoid being bombarded with ads while making use of free content. The Global Banking and Finance Review apps offer an ad-free experience while giving access to all the issues of the Global Banking & Finance Review Magazine. Smartphone users can now view all these magazines and use them to form better financial decisions.

Click on the following links to download the apps

For Android – Global Banking & Finance Review Magazine
For iOS – Global Banking & Finance Review Magazine

PR Newswire

Huawei Launches the FusionServer Pro V6 SAP HANA Solution for Enterprise Digital Transformation

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SHANGHAI, Sept. 25, 2020 — At HUAWEI CONNECT 2020, Huawei has released the FusionServer Pro V6 SAP HANA solution. Guests from SAP, Intel, and SUSE have attended the launch event and delivered speeches on their innovative journey with Huawei throughout the years, as well as future expectations of joint projects.

Huawei Launches the FusionServer Pro V6 SAP HANA Solution for Enterprise Digital Transformation
Huawei Launches the FusionServer Pro V6 SAP HANA Solution for Enterprise Digital Transformation

The Huawei FusionServer Pro V6 SAP HANA solution, consisting of the x86-based proprietary FusionServer Pro series and the SAP HANA in-memory database, features high performance, high reliability and smooth expansion, empowering enterprises to scoop data values in time for more business opportunities. The next-generation FusionServer Pro 2488H V6 houses four 3rd Gen Intel® Xeon® Scalable processors, with 48 DDR4 DIMMs, 11 PCIe 3.0 slots, and up to twenty-five 2.5-inch drives for local storage, and runs on the Intel® Optane™ persistent memory (PMem) 200 series to provide superior computing power, larger memory capacity, and more flexible configuration.

The Huawei FusionServer Pro 2488H V6 server, which has been SAP HANA tailored data center integration (TDI) technically validated and SAP HANA Appliance and SUSE YES certified in July and August 2020, is a new member to the Huawei FusionServer Pro family with SAP HANA solutions. Initiating the cooperation with SAP since 2012, Huawei has accumulated ample experiences with SAP HANA solutions. The Huawei SAP HANA solutions are currently applied in more than 25 industries, including manufacturing, energy, retail, finance, transportation, and education.

With the popularization of technologies such as 5G, AI, and IoT, mounting demands for data processing are only to be expected. Huawei will continue to cooperate with its partners, such as Intel, SAP, and SUSE, and launch innovative and competitive products and solutions with higher performance and quality, leading the global digital wave and facilitating enterprise digital transformation. 

Photo – https://photos.prnasia.com/prnh/20200925/2927620-1?lang=0

 

 

PR Newswire

10 years after introducing data, Globe Telecom embarks on ambitious network upgrade anew

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MANILA, Philippines, Sept. 25, 2020 — Globe Telecom (Globe) announces its largest network upgrade to date, 10 years after it introduced data with its nationwide network transformation program. The network upgrades come at the heels of the government asking telcos to improve internet services especially at these times when connectivity is a critical need.

Globe laid out a 3-pronged strategy to improve voice and data experience of its customers. The first is to accelerate cell site builds to expand coverage and increase capacity for data.  With the strong support of ARTA and the recently signed Bayanihan to Recover As One or Bayanihan 2, the faster processing and release of various national and LGU permits are crucial to jumpstart the infrastructure builds to improve the country’s overall state of connectivity. 

The second is to upgrade all its sites to have 4G/LTE using many different frequencies, which are important for both coverage and speeds. With 4G everywhere, the whole country will be data-ready and capable to meet the increasing demands of customers for bandwidth and faster speeds. 

The third is to fast track the fiberization of Filipino homes to improve data experience using wireline connectivity. As Filipinos spend more time at home because of the lockdowns, Globe hopes to address the growing demand for home broadband with a much larger fiber footprint, using only the most advanced technologies.

All the network upgrades are expected to be completed by 2021. Globe president and CEO Ernest Cu said, "Globe is in a much better position now to fulfill the demands of its customers. In heeding the call of the government, we shall endeavor to provide our customers with improved network performance and quality of service. We look towards the future where our country would have a strong digital economy backed by resilient and reliable connectivity."

Globe is the country’s leader in mobile and hopes to cement its leadership in the broadband category. For 2020, the company committed to spend Php 50.3 billion in capex, majority of which will be spent on its network upgrade initiatives.  

The company previously released a series of network related updates including the build of 900 cellsites with five shared independent tower companies (towercos), securing 190 permits from 85 local government units (LGU), network upgrades in eight key areas of Visayas and Mindanao, as well as putting up 32 new towers in several key barangays in Quezon City. Globe is also rolling out fiber lines in Metro Manila, Bulacan, Cavite, Batangas, Cebu and Davao del Sur. The telco’s fiber roll out during the last 8 months already represents a 51.4% increase over full year 2019.  To date, the company is proactively migrating customers from copper lines to fiber free of charge.

Even as Globe undertakes a massive network upgrade, it is also firing up its 5G network, targetting areas in key locations such as Bonifacio Global City (BGC), Makati CBD, Rockwell Center, Ortigas CBD, strategic areas along EDSA and C5, Taguig, Pasig, Mandaluyong, Marikina, Paranaque, Muntinlupa, Las Pin͂as, Valenzuela, and Caloocan.

Globe is committed to support 10 of the United Nations Sustainable Development Goals, such as UNSDG No. 9 on building resilient infrastructure, promoting sustainable industrialization and fostering innovation. To know more visit www.globe.com.ph.

Globe Press Room:  https://www.globe.com.ph/about-us/newsroom.html
Twitter: @talk2GLOBE | Facebook: http://www.facebook.com/globeph

Related Links :

http://www.globe.com.ph

PR Newswire

Trip.com Group Reports Unaudited Second Quarter of 2020 Financial Results

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Shanghai, Sept. 25, 2020 — Trip.com Group Limited (Nasdaq: TCOM) ("Trip.com Group" or the "Company"), a leading provider of online travel and related services, including accommodation reservation, transportation ticketing, packaged-tour and in-destination services, corporate travel management, and other travel-related services, today announced its unaudited financial results for the second quarter ended June 30, 2020.

Key Highlights

  • Our business has continued to show strong momentum of recovery in the China domestic market.
    —    Reservations for China domestic hotels achieved positive growth, with high-end domestic hotels leading the way over the past month.
    —    China domestic flight reservations achieved positive growth over the past months.
  • The Company’s results for the second quarter of 2020 were significantly and negatively impacted due to the ongoing COVID-19 pandemic.
    —    Net revenue for the second quarter of 2020 was RMB3.2 billion (US$448 million), representing a 64% decrease from the same period in 2019. The performance reflects a strong recovery of our China domestic businesses, offset by a steep decline of our international businesses.
    —    Operating loss for the second quarter of 2020 was RMB688 million (US$97 million). Excluding share-based compensation charges, non-GAAP loss from operations was RMB200 million (US$27 million).

"In the second quarter of 2020, the global travel industry continued to experience significant impact as a result of the ongoing COVID-19 pandemic. On a promising note, we have seen all of our domestic business lines recover to varying degrees during the quarter," said James Liang, Executive Chairman. "As global efforts intensify in this fight against COVID-19, we are increasingly optimistic that there will be more resumption of travel activity in major markets worldwide."

"Although the second quarter witnessed a full quarter impact of COVID-19 across business lines, our Company quickly adjusted operational priorities to suit the changing macro environment through minimizing operating expenses while meaningfully outpacing the industry in recovery," said Jane Sun, Chief Executive Officer. "We are glad to see that reservations for China domestic flights and hotels have reached a level of full recovery in succession during August, and we strive to make further progress as the travel industry continues to pick up more momentum."

Second quarter of 2020 Financial Results and Business Updates

The Company’s results for the second quarter of 2020 were negatively impacted by the COVID-19 pandemic. The pandemic continued to cause a decline in travel demands even though the travel restrictions have been lifted in some countries as the spread of the coronavirus has been contained to various degrees. Consumers are becoming more comfortable with traveling especially to domestic locations. This has led to more travel bookings compared to February and March 2020. Yet, travel demands remained significantly lower than the previous year especially for the China outbound and overseas markets.

For the second quarter of 2020, Trip.com Group reported net revenue of RMB3.2 billion (US$448 million), representing a 64% decrease from the same period in 2019. Net revenue for the second quarter of 2020 decreased by 33% from the previous quarter.

Accommodation reservation revenue for the second quarter of 2020 was RMB1.3 billion (US$178 million), representing a 63% decrease from the same period in 2019, and a 9% increase from the previous quarter, primarily due to the recovery of China domestic market.

Transportation ticketing revenue for the second quarter of 2020 was RMB1.2 billion (US$163 million), representing a 66% decrease from the same period in 2019, and a 52% decrease from the previous quarter.

Packaged-tour revenue for the second quarter of 2020 was RMB130 million (US$18 million), representing an 88% decrease from the same period in 2019, and a 75% decrease from the previous quarter.

Corporate travel revenue for the second quarter of 2020 was RMB162 million (US$23 million), representing a 47% decrease from the same period in 2019, and a 29% increase from the previous quarter, primarily due to the recovery of China domestic market.

Gross margin was 72% for the second quarter of 2020, which decreased from 79% for the same period in 2019 and 74% for the previous quarter.

Product development expenses for the second quarter of 2020 decreased by 32% to RMB1.8 billion (US$255 million) from the same period in 2019, primarily due to a decrease in expenses related to product development personnel. Product development expenses for the second quarter of 2020 increased by 6% from the previous quarter, primarily due to an increase in expenses related to product development personnel. Product development expenses for the second quarter of 2020 accounted for 57% of the net revenue for the same period. Excluding share-based compensation charges, non-GAAP product development expenses for the second quarter of 2020 accounted for 49% of the net revenue for the same period, which increased from 28% in the same period in 2019 and 32% in the previous quarter.

Sales and marketing expenses for the second quarter of 2020 decreased by 69% to RMB661 million (US$94 million) from the same period in 2019 and decreased by 52% from the previous quarter, primarily due to a decrease in expenses relating to sales and marketing activities. Sales and marketing expenses for the second quarter of 2020 accounted for 21% of the net revenue for the same period. Excluding share-based compensation charges, non-GAAP sales and marketing expenses for the second quarter of 2020 accounted for 20% of the net revenue for the same period, which decreased from 24% in the same period in 2019 and 29% in the previous quarter.

General and administrative expenses for the second quarter of 2020 decreased by 37% to RMB513 million (US$73 million) from the same period in 2019, primarily due to a decrease in personnel expenses, and decreased by 74% from the previous quarter because we accrued RMB1.2 billion bad debt provision in the first quarter of 2020. General and administrative expenses for the second quarter of 2020 accounted for 16% of the net revenue for the same period. Excluding share-based compensation charges, non-GAAP general and administrative expenses accounted for 10% of the net revenue for the same period, which increased from 8% in same period in 2019 and decreased from 38% in the previous quarter.

Loss from operations for the second quarter of 2020 was RMB688 million (US$97 million), compared to income of RMB1.3 billion in the same period in 2019 and loss of RMB1.5 billion in the previous quarter. Excluding share-based compensation charges, non-GAAP loss from operations was RMB200 million (US$27 million), compared to income of RMB1.7 billion in the same period in 2019 and loss of RMB1.2 billion in the previous quarter.

Operating margin was -22% for the second quarter of 2020, compared to 15% in the same period in 2019, and -32% in the previous quarter. Excluding share-based compensation charges, non-GAAP operating margin was -6%, compared to 20% in the same period in 2019 and -25% in the previous quarter.

Income tax expense for the second quarter of 2020 was RMB201 million (US$29 million), compared to expense of RMB336 million in the same period of 2019 and benefit of RMB254 million in the previous quarter. The change in our effective tax rate was primarily due to the non-taxable income of the fair value changes in equity securities investments.

Net loss attributable to Trip.com Group’s shareholders for the second quarter of 2020 was RMB476 million (US$67 million), compared to net loss attributable to Trip.com Group’s shareholders of RMB403 million in the same period in 2019 and RMB5.4 billion in the previous quarter, primarily due to the operating loss associated with impact of COVID-19, the fair value changes in equity securities investments, impairments of long-term investments, gains from other investing activities and equity in loss of our affiliates. Excluding share-based compensation charges and fair value changes of equity securities investments, non-GAAP net loss attributable to Trip.com Group’s shareholders was RMB1.2 billion (US$162 million), compared to net income of RMB1.3 billion in the same period in 2019 and net loss of RMB2.2 billion in the previous quarter.

Diluted losses per ADS were RMB0.80 (US$0.11) for the second quarter of 2020. Excluding share-based compensation charges and fair value changes of equity securities investments, non-GAAP diluted losses per ADS were RMB1.93 (US$0.27) for the second quarter of 2020.

As of June 30, 2020, the balance of cash and cash equivalents, restricted cash, short-term investment, held to maturity time deposit and financial products was RMB64.3 billion (US$9.1 billion).

Subsequent Events

In July, 2020, the Company has completed the put right offer relating to its 1.99% Convertible Senior Notes due 2025 (the "2025 Notes"). The aggregate purchase price of the 2025 Notes was US$395,240,000. Following the settlement of repurchase of 2025 Notes, the total number of ordinary shares of the Company on a fully diluted basis was reduced by 0.9 million shares.

In July, 2020, the Company’s 1.00% Convertible Senior Notes due 2020 (the "2020 Notes") with a principle amount of US$700 million matured and were repaid in cash. Following the settlement of the repayment of 2020 Notes, the total number of ordinary shares of the Company on a fully diluted basis was reduced by 1.6 million shares.

In July, 2020, the Company issued US$500 million in aggregate principal amount of its 1.50% Exchangeable Senior Notes due 2027 (the "2027 Notes"). The 2027 Notes will be exchangeable, at the option of the holders and subject to certain conditions, into cash, American depositary shares ("Huazhu ADSs") of Huazhu Group Limited (Nasdaq: HTHT) ("Huazhu"), each representing one ordinary share of Huazhu, par value $0.0001 per share, or a combination of cash and Huazhu ADSs, at the Company’s election subject to certain conditions.

Business Outlook

As a result of the continued negative impact due to COVID-19 in the third quarter of 2020, the Company expects net revenue to decrease by approximately 47%-52% year-over-year for the third quarter of 2020. This forecast reflects the current and preliminary view based on best information available at the time, which is subject to change.

Conference Call  

Trip.com Group’s management team will host a conference call at 8:00PM U.S. Eastern Time on September 24, 2020 (or 8:00AM on September 25, 2020 in the Shanghai/Hong Kong Time) following the announcement.

The conference call will be available on Webcast live and replay at: https://investors.trip.com. The call will be archived for twelve months at this website.

All participants must pre-register to join this conference call using the Participant Registration link below:
https://s1.c-conf.com/DiamondPass/10009786-invite.html

Upon registration, each participant will receive details for this conference call, including dial-in numbers, passcode and a unique access PIN. To join the conference, please dial the number provided, enter the passcode followed by your PIN, and you will join the conference instantly.

A telephone replay of the call will be available after the conclusion of the conference call until October 2, 2020.

The dial-in details for the replay:

International dial-in number:

+61-7-3107-6325

Passcode:

10009786

 Safe Harbor Statement

This announcement contains forward-looking statements. 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 "may," "will," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate," "is/are likely to," "confident" or other similar statements. Among other things, quotations from management and the Business Outlook section in this press release, as well as Trip.com Group’s strategic and operational plans, contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the potential impact of the COVID-19 to Trip.com Group’s business operations, severe or prolonged downturn in the global or Chinese economy, general declines or disruptions in the travel industry, volatility in the trading price of Trip.com Group’s ADSs, Trip.com Group’s reliance on its relationships and contractual arrangements with travel suppliers and strategic alliances, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in the relevant jurisdictions where Trip.com Group operates, failure to successfully develop Trip.com Group’s existing or future business lines, damage to or failure of Trip.com Group’s infrastructure and technology, loss of services of Trip.com Group’s key executives, adverse changes in economic and political policies of the PRC government, inflation in China, risks and uncertainties associated with PRC laws and regulations with respect to the ownership structure of Trip.com Group’s affiliated Chinese entities and the contractual arrangements among Trip.com Group, its affiliated Chinese entities and their shareholders, and other risks outlined in Trip.com Group’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the issuance, and Trip.com Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Non-GAAP Financial Measures

To supplement Trip.com Group’s unaudited condensed consolidated financial statements presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), Trip.com Group uses Non-GAAP financial information related to product development expenses, sales and marketing expenses, general and administrative expenses, income from operations, operating margin, net income attributable to Trip.com Group’s shareholders, and diluted earnings per ordinary share and per ADS, each of which (except for net commission earned) is adjusted from the most comparable GAAP result to exclude the share-based compensation charges recorded under ASC 718, "Compensation-Stock Compensation" and its share-based compensation charges are not tax deductible, and fair value changes of equity securities investments, net of tax, recorded under ASU 2016-1. Trip.com Group’s management believes the Non-GAAP financial measures facilitate better understanding of operating results from quarter to quarter and provide management with a better capability to plan and forecast future periods.

Non-GAAP information is not prepared in accordance with GAAP and may be different from Non-GAAP methods of accounting and reporting used by other companies. The presentation of this additional information should not be considered a substitute for GAAP results. A limitation of using Non-GAAP financial measures is that Non-GAAP measures exclude share-based compensation charges and fair value changes of equity securities investments that have been and will continue to be significant recurring expenses in Trip.com Group’s business for the foreseeable future.

Reconciliations of Trip.com Group’s Non-GAAP financial data to the most comparable GAAP data included in the consolidated statement of operations are included at the end of this press release.

About Trip.com Group Limited

Trip.com Group Limited (Nasdaq: TCOM) is a leading one-stop travel service provider consisting of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group enables local partners and travelers around the world to make informed and cost-effective bookings for travel products and services, through aggregation of comprehensive travel-related information and resources, and an advanced transaction platform consisting of mobile apps, Internet websites, and 24/7 customer service centers. Founded in 1999 and listed on Nasdaq in 2003, Trip.com Group has become one of the largest travel companies in the world in terms of gross merchandise value.

Trip.com Group Limited

Unaudited Consolidated Balance Sheets

(In millions, except share and per share data)

December 31, 2019

June 30, 2020

June 30, 2020

RMB (million)

RMB (million)

USD (million)

(unaudited)

(unaudited)

(unaudited)

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

21,747

18,896

2,674

Short-term investments

23,058

23,886

3,381

Accounts receivable, net 

7,661

5,129

726

Prepayments and other current assets 

15,489

15,583

2,205

Total current assets

67,955

63,494

8,986

Property, equipment and software

6,135

5,985

847

Intangible assets and land use rights

13,264

13,324

1,886

Right-of-use asset

1,207

795

113

Investments (Includes held to maturity time deposit and
financial products of RMB15,056 million and RMB21,538
million as of December 31,2019 and June 30, 2020,
respectively)

51,278

53,659

7,595

Goodwill

58,308

59,327

8,397

Other long-term assets

1,046

551

79

Deferred tax asset

976

1,360

193

Total assets

200,169

198,495

28,096

LIABILITIES

Current liabilities:

Short-term debt and current portion of long-term debt

30,516

42,097

5,958

Accounts payable

12,294

4,478

634

Advances from customers

11,675

8,013

1,134

Other current liabilities

14,697

11,969

1,695

Total current liabilities

69,182

66,557

9,421

Deferred tax liability

3,592

3,567

505

Long-term debt

19,537

28,067

3,973

Long-term lease liability

749

536

76

Other long-term liabilities

264

206

29

Total liabilities

93,324

98,933

14,004

MEZZANINE EQUITY

Redeemable non-controlling interests 

1,142

–

–

SHAREHOLDERS’ EQUITY

Total Trip.com Group Limited shareholders’ equity

103,442

97,529

13,804

Non-controlling interests

2,261

2,033

288

Total shareholders’ equity

105,703

99,562

14,092

Total liabilities, mezzanine equity and shareholders’
equity

200,169

198,495

28,096

 

 

Trip.com Group Limited

Unaudited Consolidated Statements of Comprehensive Income

(In millions, except share and per share data)

Quarter Ended

Quarter Ended

Quarter Ended

Quarter Ended

June 30, 2019

March  31, 2020

June 30, 2020

June 30, 2020

RMB (million)

RMB (million)

RMB (million)

USD (million)

(unaudited)

(unaudited)

(unaudited)

(unaudited)

Revenue:

Accommodation reservation 

3,410

1,155

1,254

178

Transportation ticketing 

3,407

2,393

1,150

163

Packaged-tour 

1,051

523

130

18

Corporate travel

309

126

162

23

Others

524

538

466

66

Total revenue

8,701

4,735

3,162

448

Less: Sales tax and surcharges

(10)

(4)

(3)

0

Net revenue

8,691

4,731

3,159

448

Cost of revenue

(1,798)

(1,220)

(872)

(123)

Gross profit

6,893

3,511

2,287

325

Operating expenses:

Product development **

(2,642)

(1,696)

(1,801)

(255)

Sales and marketing **

(2,108)

(1,382)

(661)

(94)

General and administrative **

(810)

(1,942)

(513)

(73)

Total operating expenses

(5,560)

(5,020)

(2,975)

(422)

Income/(loss) from operations

1,333

(1,509)

(688)

(97)

Interest income 

562

513

603

85

Interest expense

(426)

(448)

(461)

(65)

Other (expense)/income *

(1,412)

(3,827)

1,766

250

Income/(loss) before income tax expense and
equity in income of affiliates

57

(5,271)

1,220

173

Income tax (expense)/benefit  *

(336)

254

(201)

(29)

Equity in loss of affiliates

(123)

(321)

(1,491)

(211)

Net loss

(402)

(5,338)

(472)

(67)

Net loss attributable to non-controlling interests

7

9

12

2

Accretion to redemption value of redeemable non-
controlling interests

(8)

(24)

(16)

(2)

Net loss attributable to Trip.com Group Limited

(403)

(5,353)

(476)

(67)

Comprehensive loss attributable to Trip.com
Group Limited

(308)

(5,924)

(515)

(73)

Losses per ordinary share

– Basic

(5.81)

(71.86)

(6.36)

(0.90)

– Diluted

(5.81)

(71.86)

(6.36)

(0.90)

Losses per ADS 

– Basic

(0.73)

(8.98)

(0.80)

(0.11)

– Diluted

(0.73)

(8.98)

(0.80)

(0.11)

Weighted average ordinary shares outstanding

– Basic

69,484,264

74,494,148

74,968,727

74,968,727

– Diluted

69,484,264

74,494,148

74,968,727

74,968,727

– Diluted-non GAAP

77,807,991

74,494,148

74,968,727

74,968,727

** Share-based compensation included in Operating expenses above is as follows:

  Product development 

215

180

252

36

  Sales and marketing 

34

30

41

6

  General and administrative 

144

133

195

28

* Fair value changes of equity securities investments included in Net loss is as follow:

Fair value loss/(income) of equity securities
investments, net of tax

1,339

2,790

(1,167)

(165)

 

 

Trip.com Group Limited

Reconciliation of  GAAP and Non-GAAP Results

(In millions, except % and per share data)

Quarter Ended June 30, 2020

GAAP Result

% of Net
Revenue

Non-GAAP
Adjustment

% of Net
Revenue

Non-GAAP
Result

% of Net
Revenue

Share-based compensation included in Operating expense is as follows:

Product development 

(1,801)

-57%

252

8%

(1,549)

-49%

Sales and marketing 

(661)

-21%

41

1%

(620)

-20%

General and administrative 

(513)

-16%

195

6%

(318)

-10%

Total operating expenses

(2,975)

-94%

488

15%

(2,487)

-79%

(Loss)/income from operations

(688)

-22%

488

15%

(200)

-6%

Fair value changes of equity securities investments, net of tax
expense of RMB27 million

1,167

37%

(1,167)

-37%

–

0%

Net loss attributable to Trip.com Group’s shareholders

(476)

-15%

(679)

-21%

(1,155)

-37%

Diluted losses per ordinary share (RMB)

(6.36)

(9.06)

(15.42)

Diluted losses per ADS (RMB)

(0.80)

(1.13)

(1.93)

Diluted losses per ADS (USD)

(0.11)

(0.16)

(0.27)

Quarter Ended March 31, 2020

GAAP Result

% of Net
Revenue

Non-GAAP
Adjustment

% of Net
Revenue

Non-GAAP
Result

% of Net
Revenue

Share-based compensation included in Operating expense is as follows:

Product development 

(1,696)

-36%

180

4%

(1,516)

-32%

Sales and marketing 

(1,382)

-29%

30

1%

(1,352)

-29%

General and administrative 

(1,942)

-41%

133

3%

(1,809)

-38%

Total operating expenses

(5,020)

-106%

343

7%

(4,677)

-99%

(Loss)/income from operations

(1,509)

-32%

343

7%

(1,166)

-25%

Fair value changes of equity securities investments, net of tax
benefit of RMB209 million

(2,790)

-59%

2,790

59%

–

0%

Net (loss)/income attributable to Trip.com Group’s shareholders

(5,353)

-113%

3,133

66%

(2,220)

-47%

Diluted (losses)/earnings per ordinary share (RMB)

(71.86)

42.05

(29.81)

Diluted (losses)/earnings per ADS (RMB)

(8.98)

5.25

(3.73)

Diluted (losses)/earnings per ADS (USD)

(1.27)

0.74

(0.53)

Quarter Ended June 30, 2019

GAAP Result

% of Net
Revenue

Non-GAAP
Adjustment

% of Net
Revenue

Non-GAAP
Result

% of Net
Revenue

Share-based compensation included in Operating expense is as follows:

Product development 

(2,642)

-30%

215

2%

(2,427)

-28%

Sales and marketing 

(2,108)

-24%

34

0%

(2,074)

-24%

General and administrative 

(810)

-9%

144

2%

(666)

-8%

Total operating expenses

(5,560)

-64%

393

5%

(5,167)

-59%

Income from operations

1,333

15%

393

5%

1,726

20%

Fair value changes of equity securities investments, net of tax
benefit of RMB48 million

(1,339)

-15%

1,339

15%

–

0%

Net (loss)/income attributable to Trip.com Group’s shareholders

(403)

-5%

1,732

20%

1,329

15%

Diluted (losses)/earnings per ordinary share (RMB)

(5.81)

23.81

18.00

Diluted (losses)/earnings per ADS (RMB)

(0.73)

2.98

2.25

Diluted (losses)/earnings per ADS (USD)

(0.11)

0.44

0.33

Notes for all the condensed consolidated financial schedules presented:

Note 1: The conversion of Renminbi (RMB) into U.S. dollars (USD) is based on the certified exchange rate of USD1.00=RMB7.0651 on June 30, 2020 published by the
Federal Reserve Board.

 

Related Links :

https://www.ctrip.com/

PR Newswire

Huawei Strives to Build industry Intelligent Twins with Intelligent Connectivity

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SHANGHAI, Sept. 24, 2020 — At HUAWEI CONNECT 2020, Huawei announced its all-scenario intelligent connectivity solutions for technology, network, and industry scenarios. These solutions will help Huawei deliver intelligent connectivity that is characterized by ubiquitous gigabit, deterministic experience, and hyper-automation in order to build industry Intelligent Twins. Huawei also launched autonomous driving network (ADN) solutions for enterprises, propelling enterprise networks into the ADN era and accelerating the intelligent upgrades of industries.

David Wang, Huawei Executive Director and Chairman of the Investment Review Board, delivered a keynote speech titled "Building industry Intelligent Twins with intelligent connectivity." According to Mr. Wang, connectivity is productivity. It is not mere computing power, but strong connectivity that makes Intelligent Twins smarter.

Huawei believes that ubiquitous gigabit, deterministic experience, and hyper-automation are the three major characteristics of intelligent connectivity.

David Wang, Huawei Executive Director and Chairman of the Investment Review Board, announces all-scenario intelligent connectivity solutions
David Wang, Huawei Executive Director and Chairman of the Investment Review Board, announces all-scenario intelligent connectivity solutions

Intelligent Twins raise five new requirements for connectivity

The four key components of Intelligent Twins are intelligent interactions, intelligent connectivity, intelligent applications, and the intelligent hub. Among these, intelligent connectivity is like the body of Intelligent Twins. What new requirements do Intelligent Twins place on intelligent connectivity?

There are three types of connectivity scenarios for Intelligent Twins. One is connectivity within the intelligent hub, such as the connection of AI cluster servers and cloud data centers. The second is connectivity between the intelligent hub and intelligent interaction devices; connecting the "brain" and the "limbs", so to speak. The last type is connectivity between intelligent interaction devices, such as the connection of AI cameras, 4K drones, and robotic arms.

Overall, Intelligent Twins have five major requirements for connectivity: High reliability, zero packet loss, differentiated services, real-time high bandwidth, and smart O&M.

To meet the connectivity needs of Intelligent Twins, Huawei defined the three major characteristics of intelligent connectivity:

The first is ubiquitous gigabit. Bandwidth is the basis of connectivity. The wide application of AI cameras, drones, industrial cameras, and industrial VR/AR services has made ubiquitous gigabit connectivity essential.

The second is deterministic experience. Connectivity for Intelligent Twins mainly targets things and diverse production scenarios. For example, during peak times in 2019, there was one aircraft departing or arriving at Shenzhen Airport every less than one minute, making it essential to guarantee real-time networking. In another example, electric power companies must assure "six nines", or even higher reliability, and less than two minutes of power outage per household per year. Therefore, deterministic connectivity is vital to the security and reliability of enterprise services.

The third is hyper-automation. As industries become intelligent, the service types as well as scale and complexity of networks will multiply, making network O&M more difficult. The application of big data and AI will transform traditional and semi-automated O&M into hyper-automated O&M, and leave all these complexities to be handled by digital intelligence.

Huawei’s all-scenario intelligent connectivity solutions

In terms of technology, Huawei’s all-scenario intelligent connectivity solutions will provide ubiquitous gigabit and low latency connectivity for intelligent interaction devices, and apply AI to achieve deterministic network experience and hyper-automated O&M. In terms of networks, these solutions will provide Intelligent Twins with campus, data center, WAN, and security networks. As for industries, intelligent connectivity will be combined with intelligent interactions, the intelligent hub, and industry know-how to build scenario-specific, intelligent solutions for industries.

  • 5G intelligent connectivity: Gigabit uplink speed, 20ms latency, and submeter-level location

To support the intelligent upgrade of industries, Huawei will continue enhancing its 5G intelligent connectivity capabilities in terms of uplink bandwidth, latency, and location accuracy. For example, in the smart manufacturing domain, Huawei used its Super Uplink technology to provide gigabit uplink speeds for HD video uploads. For scenarios that require remote operation and control, such as ports, Huawei’s 5G intelligent connectivity technology has introduced features such as pre-scheduling and mini-slot to reduce latency to 20ms and replace 90% of manual labor with automated operations. Thanks to UTDOA and higher bandwidth, Huawei’s 5G intelligent connectivity can support submeter-level location accuracy for smart manufacturing, enhancing the efficiency of production and management at industrial parks.

  • Intelligent IP networks: High bandwidth and lossless for all services

Based on a three-layer AI architecture comprised of network elements, networks, and clouds, Huawei’s intelligent IP networks facilitate the upgrade of campus, WAN, and data center networks to Version 2.0.

Huawei’s CloudCampus 2.0 solution takes campus networks into the gigabit era, providing any application with gigabit connectivity via any device and allowing the intelligent scheduling of network resources. The CloudWAN 2.0 solution brings intelligence to WAN networks. With CloudWAN 2.0, synergy can be achieved between clouds and networks, meeting the needs for differentiated services. CloudFabric 2.0 enables zero packet loss in data center networks and increases both AI compute and storage efficiency by over 30%, helping data center networks become intelligent.

  • F5G intelligent all-optical networks: High bandwidth interconnection and flexible pipes

Huawei has proposed the all-optical network strategy for the F5G era, and launched three intelligent all-optical network solutions.

The first is the Campus OptiX solution. Campus OptiX offers high bandwidth access to meet campus needs for new services such as 4K cameras and VR/AR.

The second is Single OptiX. This solution can meet transmission needs at different rates while greatly increasing efficiency.

The third is DC OptiX. IT staff can deploy DC OptiX with just one click, making it a plug-and-play solution for enterprise scenarios.

Through this strategy, Huawei is committed to extending optical connectivity to the network edge, and bringing the ultimate service experience to every person, home and organization.

Huawei’s ADN solutions target enterprises

Huawei’s ADN solutions bring intelligence to networks. By integrating AI into network elements, networks, and clouds, Huawei’s ADN networks are self-organizing, self-healing, and self-optimizing. These solutions will make digital industry services and hyper-automated operations a reality.

Network elements + AI: AI is applied to upgrade traditional network elements into digital, intelligent network elements, allowing for more agile data sensing and processing of every network element.

Network + AI: Huawei uses AI to redefine network management. The intelligent management and control system helps build network digital twins, and enables the dynamic control and closed-loop management of networks, such as automatic deployment, pre-event simulation, post-event verification, prediction and prevention, and proactive optimization.

Cloud + AI: Huawei provides cloud-based AI training and model services for networks, and continues upgrading the software systems and AI models that are already embedded into its equipment and networks. This constantly improves autonomous driving networks and makes networks smarter.

Huawei’s customers from Shenzhen Airport, China Southern Power Grid, and SPD Bank shared the application of Huawei intelligent connectivity across the transportation, electricity, and finance sectors.

Mr. Wang concluded his speech by saying: "Over the past 40 years, Huawei has worked with all stakeholders to connect the unconnected and build a fully connected world. Over the next 40 years, we are committed to building industry Intelligent Twins with intelligent connectivity."

HUAWEI CONNECT 2020 is an annual flagship event hosted by Huawei for the global ICT industry, and is being held in Shanghai from September 23 to 26, 2020. HUAWEI CONNECT is an open platform designed to help our customers and partners navigate these changes, share experience, and work together to create new value. At this year’s event, we will explore trends and opportunities in industry digitization; showcase advanced ICT technologies, products, and solutions; give you an insider’s look at the fruits of joint innovation; and share best practices in digital transformation. Our ultimate goal is to build an open and sound industry ecosystem that will benefit all stakeholders and create new value for all industries. For more information, please visit:

https://www.huawei.com/en/events/huaweiconnect2020/

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http://www.huawei.com/cn

PR Newswire

Supermicro is First-to-Market with NEBS Level 3 Certified 1U Server — Delivers 2,560 NVIDIA GPU Cores for 5G Edge AI & VR Innovation

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1U System Is Ideal for 5G Workloads, AI, AR/VR, and Offers Industry’s Broadest Portfolio of GPU Servers for Optimized Compute Workloads

SAN JOSE, California, Sept. 23, 2020 — Super Micro Computer, Inc. (Nasdaq: SMCI), a global leader in enterprise computing, storage, networking solutions and green computing technology, today announced an industry-first 1U NEBS (Network Equipment Building System) Level 3 certified system with up to four (4) NVIDIA V100 or V100S Tensor Core GPUs. The new server system enables the latest AI, AR/VR, transcoding, gaming, and other high-compute workloads with low latency requirements in the telecom environment.   


The new 1U system is available with either redundant AC or DC Power Supply (1+1) options and has nine (9) 4cm fans to provide a robust cooling system that supports the extended temperature range.  Also included are 2x 2.5" hot-swap SAS/SATA drive bays and 2x 2.5" internal drive bays. The system provides for secure SNMP v3, IPv6, and IPMI for management.

"Supermicro is first-to-market with a 1U NEBS Level 3 V100 GPU accelerated server,  a key enabler for the transition to 5G, with industry adoption of the most advanced applications and workloads found in AI/AR, and IoT," said Charles Liang, president, and CEO of Supermicro. "We have already received strong market interest in this system, which complements our extensive GPU portfolio, including 2U, 4U, and 10U multi-GPU servers leveraging our and resource-saving architecture." 

"The AI, HPC, data science, graphics, and 5G/telecommunications markets—from edge to core — continue to grow and present unprecedented computational challenges," said  Paresh Kharya Senior Director of Product Management for accelerated computing at NVIDIA. "The NVIDIA V100 GPU in the Supermicro NEBS Level 3 compliant system will enable more customers to leverage the performance and scalability required for these markets."

The criticality of NEBS Level 3 cannot be overstated for the growing market conversion from 4G to 5G, along with ever more complex and demanding applications coming to the edge. This new system extends the operating temperature to 55 °C and meets the shock and vibration, flame resistance, and other stringent testing to complete the GR-1089 and GR-63 suite of tests required for full NEBS Level 3 compliance. The server’s foundation of 2nd Generation Intel Xeon Scalable processors with built-in AI acceleration and Intel Optane persistent memory to utilize the NVIDIA GPUs to their fullest potential. This design allows mobile operators to upgrade their systems with higher-performance GPUs to accelerate voice and data traffic, as well as provide new edge applications and services, using servers that meet their rigorous reliability standards.

This industry-first Supermicro 1U NEBS L3 system joins an extensive portfolio of GPU systems that support demanding workloads, requiring GPU acceleration capabilities. In addition to the 1U system, Supermicro offers multiple GPU options, including 2, 4, 6, 10, 16, and 20 GPUs in 2U, 4U, and 10U form factors. The product line supports up to 56 CPU processor cores per server, 205W TDP CPUs, and 6TB DDR4-2933 MHz memory in 24 DIMMs. These servers give customers multiple options for NVMe, SAS, or SATA drives, providing maximum performance. 

You can find out more information about the new 1U NEBS Level 3 GPU server and Supermicro’s full lineup of 5G products and solutions at the BIG 5G Event September 22-24: https://tmt.knect365.com/big-5g-event/

Intel, the Intel logo, Xeon and Optane are registered trademarks of Intel Corporation or its subsidiaries.

Learn more about the 1U NEBS L3 system.     

Follow Supermicro on LinkedIn, Twitter, and Facebook to receive their latest news and announcements.

About Super Micro Computer, Inc.

Supermicro (Nasdaq: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced Server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and Embedded Systems worldwide. Supermicro is committed to protecting the environment through its "We Keep IT Green®" initiative and provides customers with the most energy-efficient, environmentally-friendly solutions available on the market.

Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

All other brands, names and trademarks are the property of their respective owners.

SMCI-F

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PR Newswire

“Paradigm Shift for Greater Value” Huawei drives 100 typical scenario-based solutions built on robust partnership

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SHANGHAI, Sept. 23, 2020 — At HUAWEI CONNECT 2020, Mr. Peng Zhongyang, Board Member, President of Enterprise BG, Huawei, delivered a keynote speech on the theme of "Paradigm Shift for Greater Value". Peng stated that the shift to a new paradigm of industrial digital transformation is urgently needed for the development of our future intelligent society. To drive industrial digitalization and construct the new paradigm, we need to focus on clients’ demands and dreams, realize the new paradigm by scenario-based innovation, and through the synergy across five tech domains to establish a digital ecosystem for mutual benefits with joint creation while creating new value for industries.

At HUAWEI CONNECT 2020, Mr.Peng Zhongyang, Board Member, President of Enterprise BG, Huawei, delivered a keynote speech on the theme of "Paradigm Shift for Greater Value"
At HUAWEI CONNECT 2020, Mr.Peng Zhongyang, Board Member, President of Enterprise BG, Huawei, delivered a keynote speech on the theme of "Paradigm Shift for Greater Value"

Cutting-edge technology, industry know-how, and practices

2020 is an extraordinary year, witnessing explosive growth in technologies together with reforms in different industries. The tremendous potential of digital transformation is to be unleashed on the basis of synergy across five tech domains, in which connectivity, cloud computing, AI and applications develop surrounding 5G in ways never seen before.

By turning coal mines into digital structures for more than 10 scenarios, Huawei has achieved digital twining, making whole mining business digital and smart.

For the Malanshan Video Cultural Creative Industrial Park, Huawei has collaborated with clients and partners to establish the cloud platform for filming process, streamline the entire video production ranging from shooting, editing streaming, to storage and backhaul, shortening the cycle by 30% and reducing cost by 20%.

Huawei has long been adhering to best practices for a better future. In 2018, Huawei’s logistics park in Dongguan underwent transformation that lasted for half a year. With the help of automated equipment and intelligent algorithms, delivery efficiency (volume of goods delivered per capita) has increased by 67%, and the delivery cycle has been shortened by over 50%.

Peng concluded, "There are three decisive factors while digitalizing scenarios. The first one is the cutting-edge technology, allowing integration of ICT with core scenarios. The second one is industry know-how, where we should seek industrial insights in depth and understand the industrial knowledge. Finally, it is all about execution. That is to put all these into practice, turning theories into reality with continuous exploration and innovation."

A new paradigm of digital transformation

A digital ecosystem with which Huawei creates and shares value is crucial for the construction of the prosperous digital future.

In the digitalized era, the essence of business is to "make the cake bigger" and achieve win-win results rather than compete in the zero-sum game. To this end, Huawei proposes to build a "digital ecosystem cube" from three dimensions. The first dimension is to target at the future of digitalization, gain insights of the unsatisfied demands from numerous segmented scenarios in various industries, which is the premise of "the bigger cake". The second dimension is to aggregate different capabilities of various partners and fully play to their strengths, which is the basis of "baking a bigger cake". The third is to develop multiple approaches for collaboration and business models, and make conscious effort to create and share value together. This is the permanent force that continually drives the expansion of market size.

Taking Shenzhen Airport as an example. By working with industry-leading solution partners and based on the synergy across five tech domains that integrates end devices, data management and industry application, Huawei has developed diverse and segmented scenario-based solutions, such as flight scheduling, stand allocation and ground support. In 2019, it helped reduce the number of passengers who took shuttle bus by some 2.6 million, boosting the efficiency of security check by 60%. It has led to a safer airport with better efficiency and superior experience tailor-made for travelers.

Now, Huawei has built on the 100 scenario-based solutions, creating more industrial value associated with partners.

"You can’t find a new land with an old map," Peng said, calling on clients to embrace changes, and craft a new paradigm of industrial digital transformation for a greater future.

At HUAWEI CONNECT 2020, the global leading ICT company also invited clients with great achievements in digital transformation to share their experience.

Chen Jinzu, General Manager of Shenzhen Airport Group, said that Shenzhen Airport is a pioneer in digital transformation, contributing in building a smart civic airport with the wisdom and experience of Shenzhen.

Tang Shaojie, General Manager of Shenzhen Metro Group, said that as the backbone of public transportation, Shenzhen Metro will facilitate station-city integration, high degree of amalgamation of multiple transportation modes across Shenzhen and the region, and joint-construction of the "Greater Bay Area on the track", with a smart city initiative.

In appreciating global partners for their efforts in driving business growth and shared success over the past years, Huawei has presented them with outstanding partner awards of 2020. These recognitions include the Excellent Global Channel Partner, Excellent Global Strategic Partner, Excellent Global Distributor, Excellent Global Industry Solution Partner, Excellent Global Talent Ecosystem Partner, and Excellent HUAWEI CLOUD Channel Partner. Meanwhile, Huawei has announced its declaration of industry ecosystem, that is to innovate and grow together for success together in the future.

HUAWEI CONNECT 2020 is an annual flagship event hosted by Huawei for the global ICT industry, and is being held in Shanghai from September 23 to 26, 2020. HUAWEI CONNECT is an open platform designed to help our customers and partners navigate these changes, share experience, and work together to create new value. At this year’s event, we will explore trends and opportunities in industry digitization; showcase advanced ICT technologies, products, and solutions; give you an insider’s look at the fruits of joint innovation; and share best practices in digital transformation. Our ultimate goal is to build an open and sound industry ecosystem that will benefit all stakeholders and create new value for all industries. For more information, please visit:

https://www.huawei.com/en/events/huaweiconnect2020/

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Related Links :

http://www.huawei.com/cn

http://www.huawei.com/

PR Newswire

Huawei and Intel Jointly Launch the Next-Gen FusionServer Pro V6 Intelligent Server

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SHANGHAI, Sept. 23, 2020 — Today, the event of Working Together to Drive New Value — FusionServer Pro V6 Launch held by Huawei was broadcast live globally. This event saw the official launch of the Huawei FusionServer Pro 2488H V6, the latest member to the FusionServer Pro product family. This is a showpiece product that displays a perfect combination of innovation and superior performance. It is built on Huawei’s commitment to industry partnerships for a prosperous computing industry, and marks a significant step to the rapid digital transformation of industries.

Empowering the Digital Age with High Performance

Kenneth Zhang, President of FusionServer Business, Huawei, spoke at length about how the computing industry needs to combine higher single-node computing power and density with intelligent O&M, to tackle the current challenges. "Improving server performance at the system level" Kenneth said, "along with high-density data center deployment and intelligent O&M, is essential for the development of the computing industry".

FusionServer Pro 2488H V6 Launch
FusionServer Pro 2488H V6 Launch

Huawei FusionServer Pro intelligent servers run on the x86 architecture to unlock powerful general and heterogeneous computing. The next-generation FusionServer Pro 2488H V6 houses four 3rd Gen Intel® Xeon® Scalable processors in a 2U space, with 48 DDR4 DIMMs and 11 PCIe slots for local storage. The intelligent server is equipped with the latest AI training and inference modules to unleash up to 560 TFLOPS computing power on a single node.

Intel is one of the most important global partners of Huawei, attending the launch event of the FusionServer Pro 2488H V6, where it demonstrated the latest Intel data center products. One such product was the 3rd Gen Intel® Xeon® Scalable processor. It provides AI acceleration and takes embedded AI performance to the next level with Intel® Deep Learning Boost (Intel® DL Boost) that supports the bfloat 16 format. The new generation product delivers 1.9 times higher inference performance than that of its predecessor. Intel offers memory technology in the form of the Intel® Optane™ persistent memory (PMem) 200 series to support real-time big data analytics. Running on the unrivaled configuration of the next-generation Intel processor, Huawei FusionServer Pro 2488H V6 delivers higher performance and better services for customers.

Advancing the Ecosystem with Close Collaboration

A thriving ecosystem supports technology and product development from the ground up. This explains why Huawei continues to develop ecosystems and advocates collaboration for mutual benefits. Kenneth Zhang noted that by working with Intel and other global partners, Huawei has built a broad portfolio of FusionServer Pro intelligent server products and solutions. "Thanks to our concerted effort, the FusionServer Pro collaborative ecosystem has flourished", Kenneth said.

Another set of diversified joint solutions is the Huawei SAP HANA solutions. These joint solutions consist of single-node, cluster, and TDI solutions and feature high performance, high reliability, and smooth scaling. The joint solutions are empowered by the Huawei FusionServer Pro series, allowing enterprises to accelerate their critical services, such as enterprise resource planning (ERP) and data warehouse, and quickly analyze key data to efficiently tap into the value of mass data.

Another speaker at the event was Li Peisong, Head of SAP Partner Adoption Center (SAP PAC) China, an important partner of Huawei. In his opinions, thanks to the close technical collaboration between SAP PAC and Huawei, the joint products are able to achieve high performance and serve as an IT platform that fully complies with the technical specifications of SAP.

Huawei FusionServer Pro series is highly regarded by other industry partners at the event. Leon Wang, Executive Director and CEO of Automated Systems Holdings Limited (ASL), a global solution provider listed on the Hong Kong Main Board, presented the benefits of Huawei FusionServer Pro intelligent server products. For Leon, ASL will partner with Huawei to drive their business to new heights, and create new value together.

New 5G, AI, and cloud technologies are making digital transformation a possibility. However, it does bring certain challenges, such as the requirement for diversified computing in every facet of the society. To embrace these challenges, Huawei will work with Intel and other global partners to fulfill the commitment to a global diversified supply system and supercharge the computing industry and ecosystem. Together, we will offer the premium FusionServer Pro intelligent server products and solutions for customers, providing unparalleled performance and a prosperous ecosystem that help industries move to digital.

HUAWEI CONNECT 2020 is an annual flagship event hosted by Huawei for the global ICT industry, and is being held in Shanghai from September 23 to 26, 2020. HUAWEI CONNECT is an open platform designed to help our customers and partners navigate these changes, share experience, and work together to create new value. At this year’s event, we will explore trends and opportunities in industry digitization; showcase advanced ICT technologies, products, and solutions; give you an insider’s look at the fruits of joint innovation; and share best practices in digital transformation. Our ultimate goal is to build an open and sound industry ecosystem that will benefit all stakeholders and create new value for all industries. For more information, please visit:
https://www.huawei.com/en/events/huaweiconnect2020/

About Huawei

Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have more than 194,000 employees, and we operate in more than 170 countries and regions, serving more than three billion people around the world.

Our vision and mission is to bring digital to every person, home and organization for a fully connected, intelligent world. To this end, we will drive ubiquitous connectivity and promote equal access to networks; bring cloud and artificial intelligence to all four corners of the earth to provide superior computing power where you need it, when you need it; build digital platforms to help all industries and organizations become more agile, efficient, and dynamic; redefine user experience with AI, making it more personalized for people in all aspects of their life, whether they’re at home, in the office, or on the go.

For more information, please visit Huawei online at www.huawei.com or follow us on:

http://www.linkedin.com/company/Huawei 
http://www.twitter.com/Huawei
http://www.facebook.com/Huawei
http://www.google.com/+Huawei
http://www.youtube.com/Huawei

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PR Newswire

Amazfit Band 5 Launched with Blood Oxygen Saturation, 15-day Battery Life[1] at 44.9USD[2] on Sept. 21st, and Amazon Alexa Built-in[3] Coming Soon

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Can A Band Be Smarter? Check this All-round Band with Varied Health Management and Alexa Built-in.

SHENZHEN, China, Sept. 21, 2020 — Amazfit Band 5, a smart wrist band, launched as the latest offering of Huami to the excellence of Amazfit wearable lineup. Amazfit Band 5 features the very most of the functions what you have as a sports gym band, but also a thorough health management assistant and a smarter wrist band with frequent-used interactions thanks to the upcoming powerful built-in Alexa functions. With an affordable price, Amazfit Band 5 aims to help the public, aged from 18-50 years old or even beyond, to Stay Active and Stay Young in a challenging world nowadays, especially the health conscious and light sportive who seek for better budget.

A Band of Thorough and Science-based Personal Health Management[4]

The category of wearable band normally was considered as basic device at low price. But Amazfit Band 5 makes the "band" category upgraded, especially the personal health management.

  • The precise BioTracker™ 2: Although Amazfit is not a medical device but it shipped with the newest generation PPG optical sensor, Huami BioTracker™ 2nd, providing high-precision 24/7 continuous heart rate measurement with resting heart rate, heart rate zones and high heart rate alert which is the most versatile and precise biosensor ever developed by Huami.
  • The advanced OxygenBeatsTM enables Amazfit Band 5 for Blood Oxygen Saturation measurement, powered by Huami self-developed oxygen data AI engine. Compared with the results of professional oxygen analyzers, the average error of OxygenBeatsTM  is only 1.67%[5] reflecting accuracy superior to that of most wearable wrist devices for blood oxygen detection. The OxygenBeatsTM is applied to the follow-up visits with recovered COVID-19 patients in China.
  • The science-backed PAI™ is the Personal Activity Intelligence Assessment System based on the PaiHealth research[6] from Norway. By a simple activity tracking metric, you can interpret your daily heart rate data into a single and personal score to know how much activity is needed to stay healthy. Backed by science research, that maintaining over 100 PAI is associated with adding up to 5 years[7] to your life and reducing the risk of cardiovascular disease mortality by an average of 25%[8]. Try Amazfit Band 5, you will refresh your understanding of what a heart gym is.
  • Sleep Quality Monitoring can measure your total sleep, light sleep, deep sleep and rapid eye movement (REM) to understand your sleep patterns. Amazfit Band 5 take care of your sleep even during your nap time that of more than 20 minutes in the daytime.
  • Menstrual Period Tracking help the female keep track of the menstrual periods and ovulation periods, and alert ladies before it arrives.
  • Stress Monitoring will calculate your stress level through your heart rate variability with 4 levels including relaxed, normal, medium and high.
  • Breathing Exercise will guide you to a deep breathing session helping you release the stress.
Amazfit Band 5 Launched with Blood Oxygen Saturation, 15-day Battery Life at 44.9USD on Sept. 21st, and Amazon Alexa Built-in
Amazfit Band 5 Launched with Blood Oxygen Saturation, 15-day Battery Life at 44.9USD on Sept. 21st, and Amazon Alexa Built-in

An All-around Band that Everyone Deserves as a Gym and Health Wrist Band

Amazfit Band 5 is currently such an all-round band in the market that brings competitive hardware, software and functions among the wearable bands of the similar price. It ships a 1.1" AMOLED color display with a resolution of 126×294. Even at such a nice price, the screen comes with 2.5D tempered glass and anti-fingerprint coating.

It is light and only weighs 12g without strap. By the Bluetooth 5.0 and power-saving technologies, the 125 mAh battery can keep Amazfit Band 5 working up to 15 days in a typical usage scenario, 25 days in power-saving scenario and standby around 3 months.[9]

Amazfit Band 5 comes with a skin friendly TPU strap of three colors and supports 11 sports modes including swimming thanks to the 5ATM[10] waterproof. It offers a large selection of more than 45 watch faces to download from the App, 2 watch faces support editable widgets so users can personalize them, and even add their own personal picture in the background.

Amazfit Band 5 Can be the Smarter One of the Bands

Can a wrist band be smarter?

The answer is positive. Amazfit Band 5 can make life easier and more fun with Amazon Alexa[11]. With Alexa, you can ask questions, search information, get translations, create shopping lists, set alarms and timers, reminders, check the weather, check notifications, make smart home commands and more. You can talk to Amazfit Band 5, and it responds to users’ voice commands on screen with text responses. For example, just say,

  • "Alexa set a pasta timer. "
  • "Alexa add eggs to my shopping lists."
  • "Alexa turn on the living room lights."
  • "Alexa who is Barack Obama?"

Alexa lives in the cloud, so it’s always getting smarter, adding new capabilities that are delivered to your device automatically. Using Alexa on Amazfit Band 5 is simple and hands-free – just ask, and Alexa will respond instantly. 

IMPORTANT:

  • Amazfit Band 5 is first on sale from September 21st via Amazon in US market. Other market will follow from October.
  • Built-in Alexa capabilities will be enbaled by free OTA updates in the available markets.
  • Download HQ Images of Amazfit Band 5 here, https://bit.ly/3hbyk6M 

About Amazfit

Established in September 2015, Amazfit is a private brand owned by Huami Technology (NYSE: HMI), offering seven series of smartwatch and bracelets products including the Stratos series, Basic series, Flagship series, Health series, Fashion series, Outdoor series, and X series. Amazfit also provide other smart hardware related to sports and health, including TWS sports earbuds, smart treadmills, smart body fat scales and sports gear. With outstanding design and craftsmanship, Amazfit smart watch products have won many prizes, such as the German iF Industrial Design Award and the Red Dot Design Award. Currently, Amazfit products hit the markets of more than 70 countries and regions, including the United States, Germany, and Japan. According to an IDC global wearable device market tracking report, in the first half of 2020, Amazfit watches claimed the largest share of the adult watch market in Italy, Spain, India and other regions, and were also among the top products in regions such as China, Germany, France, Russia, and Brazil.

Find more details about us, https://en.amazfit.com/about.html

Huami Technology, operating since 2013, is a cloud-based healthcare service provider offering the world’s leading smart wearable technologies. In February 2018, Huami Technology was listed on the New York Stock Exchange (NYSE) (stock code: HMI).

Media Contact
press@huami.com 

[1] Battery life test under lab conditions, may vary by usage and conditions
[2] Retail price may vary on markets.
[3] The Built-in Alexa of Amazfit Band 5 will be available by OTA upgrade soon if the market is Alexa available. When available, notifications will be appeared via the Zepp APP (formly known as Amazfit APP) and device. The OTA push time may vary by markets.
[4] This product isn’t a medical device. All data and measurements aren’t intended for medical diagnosis or medical monitoring.
[5] According to Huami’s AI Innovation Conference Keynote, June, 2020
[6] The Science of PAI. Researchers used the HUNT Study data to validate PAI. The HUNT Study is one of the largest health studies ever and was performed by the Nobel Prize-winning Faculty of Medicine at the Norwegian University of Science and Technology. It contains a unique database of the personal and family medical histories of more than 45,000 people over 25 years. https://www.paihealth.com/science-of-pai/default.htm
[7] By applying the PAI algorithm to the HUNT data, researchers found that when individuals consistently exercised at intensities equal to maintaining 100 PAI, it was associated with a reduced risk of cardiovascular disease mortality by an average of 25% and a reduced risk of mortality from other lifestyle-related diseases for men and women of all ages. They also saw that maintaining 100 PAI was associated with an increased life expectancy by an average of 5 years. Quoted from https://www.paihealth.com/science-of-pai/default.htm original link https://cdn.flipsnack.com/widget/v2/widget.html?hash=fd1pf7owi, also see <Personalized Activity Intelligence (PAI) for Prevention of Cardiovascular Disease and Promotion of Physical Activity> https://www.amjmed.com/article/S0002-9343(16)31069-5/abstract
[8] See above footnotes
[9] Battery life test under lab conditions, may vary by usage and conditions
[10] The device passed the test of water resistance level of 5 ATM conducted by third-party institutions.
[11] Will come by OTA update. US market will come first. Other markets will follow if Alexa is avaible.

Photo – https://photos.prnasia.com/prnh/20200917/2919079-1?lang=0

Related Links :

http://en.amazfit.com/about.html