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CEO of Kuaishou Su Hua: Kuaishou reaches 1 billion global monthly active users

BEIJING, June 24, 2021 — China Media Group (CMG) and Kuaishou held a joint press conference officially announcing a short video strategic partnership on Tokyo 2020 Olympics Games and the Beijing 2022 Winter Olympics. Kuaishou now holds the official broadcasting rights for Tokyo 2020 Olympics and Beijing 2022 Winter Olympics. Kuaishou is the first short video and live-streaming platform globally to become an official broadcaster of the Olympics Games.

Su Hua, CEO of Kuaishou Technology, emphasised at the conference that Kuaishou remains true to its beginning aspirations of recording and sharing life stories. He also notes that it’s an honor for Kuaishou to be able to document and enjoy the Olympic Games with all users. As a pioneer since 2011,  Kuaishou has provided internet users globally the opportunity to record and share their life stories. The platform witnessed the growth and development of various aspects of society and gradually became a base for modern day social media platforms. Presently Kuaishou has 1 billion monthly active users from all around the globe. People from different countries of varying ages and diverse lifestyles get to interact with and learn from each other. Kuaishou was chosen as its principles and communities are in alignment with the spirit of the Olympic Games.

Su also mentioned that Kuaishou’s multiple successful partnerships with CMG has allowed for Kuaishou to explore new ways to allow users to enjoy a more convenient participation experience for large scale events. For example, the parade was first live-streamed from multiple angles during the 2019 National Day celebration, which garnered over 1 billion views. Furthermore, CCTV’s 2020 New Year’s Gala debuted a new Kuaishou interactive feature of "videos+likes." The new feature gathered over 63.9 billion interactions – defined as user comment and sending red packets – and even setting a new record of number of likes for an event. The feature has influenced users to now watch the New Year’s Gala on dual screens for a boosted experience.

Kuaishou is confident in providing top quality broadcast of the games as the platform is home to thriving sports communities and has much experience in hosting broadcasts about major sporting events. According to Su, there are nearly 50,000 high-quality sports content creators and 150 million users who are sports fans on Kuaishou. Currently, the sports content on Kuaishou covers sports like football, basketball, boxing, snooker, racing, extreme sports, and outdoor sports. In March, Kuaishou even became the official livestream and short video partner of the Chinese Basketball Association (CBA). The total views of the live streams during the 2020-2021 season reached a high of 810 million and achieved over 360 million interactions. Kuaishou users have also repurposed content from the live stream to create meaningful and enriching content of their own, indicating an extremely successful event.

For the Olympic Games partnership, Kuaishou announced plans to make use of its unique product capabilities and technological expertise to create a series of interactive features that can allow users to participate virtually as part of the Olympics. At the same time, Kuaishou is committed to improve its promotional methods of the games, to explore different angles of capturing the games and ensure full coverage of all events. Kuaishou will work with CMG in hopes of producing the most interactive experience with extensive coverage of the Olympic Games in history.

WHY THE RED STAR SHINES OVER CHINA: The Surging Xiangjiang River II–The Forerunners of the CPC

BEIJING, June 23, 2021 — A news report by China.org.cn on the early life of Mao Zedong in Changsha: 

To the people of China, Changsha is a city of heroes. Mao Zedong, who saved the Party’s cause several times, spent his youth studying, living and working here. This is also where Mao Zedong Thought was formed.

 

The New People’s Study Society was later known as the forerunner of the Communist People of China. In an interview, Mao said that the Society was to have a widespread influence on the fate of China.

The site of the founding meeting of the New People’s Study Society (Xinmin Xuehui), located in Changsha, was also the former residence of Cai Hesen, an early leader of the CPC.

In 1917, Cai went to Changsha to study and lived with his family in rented accommodations. It was there where his schoolmates, Mao and Xiao Zisheng, often talked freely about transforming Chinese society. On Apr. 14, 1918, the New People’s Study Society was established at Cai’ home.

The New People’s Study Society was a significant social organization in China at that time, which aimed to "reform academics and boost morals." In the second year (1919), the May Fourth Movement broke out, and then they revised the society’s purpose to "transform China and the world."

In order to achieve such a purpose, Mao made a division of labor for the society’s members. Some of them stayed in China for investigation to learn more about the national conditions. Others, such as Cai Hesen, Xiao Zisheng and Li Weihan, went to France to work and study to look for ways to transform China and the world.

While working and studying in France, Cai Hesen translated a large number of Karl Marx’s works and wrote letters to Mao in China. In letters dated August 13th, and September 16th, 1920, he proposed "establishing the Communist Party of China without fear," stating the theories and steps needed for the Party’s founding. Mao replied, "This is a very good idea, and I could not agree more."

Mao, who stayed behind in China, started the Xiangjiang River Review in Changsha in July 1919. He was the chief editor, introducing and spreading new ideas. Li Dazhao believed that this was the most important and insightful periodical in China. Several progressive youths such as Ren Bishi, Guo Liang, and Xiao Jinguang began to awaken under its influence.

These members had great ambitions. They studied hard and took active exercise to make full preparations for shouldering greater responsibilities.

Many people in the New People’s Study Society became the first batch of CPC members. It can be said that the society prepared talents for the founding of the CPC, and among them a Communist leader.

In 1921, the New People’s Study Society completed its historical mission and ceased activities. However, that did not mean the end of their efforts to push the revolution forward.

The No. 22, Qingshuitang, was later recognized as the exact address of the former secret base of the CPC in Hunan-the then CPC Hunan Region Revolutionary Committee, and also the former residence of Mao Zedong and Yang Kaihui.

In July 1921, after attending the First National Congress of the CPC, Mao and He Shuheng returned to Changsha and began preparations for the establishment of local Party organizations in Hunan.

In October 1921, the CPC Hunan Branch was established, the first provincial Party branch in China. Mao was elected as secretary, He Shuheng, Yi Lirong as committee members.

Mao spent more than one year in Qingshuitang. It was the happiest and most romantic period in Mao’s revolutionary career. He had old parents and young kids by his side. His two children, Mao Anying and Mao Anqing, were both born there.

There were only few members in Hunan branch at that time. Later, the number of Party members grew steadily. In May 1922, approved by the CPC Central Committee, the CPC Hunan Region Revolutionary Committee was officially established.

During this time, Mao organized the workers’ movement, the peasants’ movement and the students’ movement, to propagate Marxism-Leninism and the Russian October Revolution. One of his major achievements during this period was the Anyuan Miners’ Strike, in which the management gave in to the workers’ demands. In this strike, Liu Shaoqi negotiated with the management, Li Lisan presided over the labor union, and Mao was the general leader.

In July 1923, the third National Congress of the CPC was held in Guangzhou. In this meeting, Chen Duxiu, the leader of the CPC, made a speech on the work of the Party branches. Speaking highly of the Hunan Committee’s performance, Chen said that only comrades in Hunan had done a good job.

D-Link Reveals Latest Connectivity Innovations at Mobile World Congress 2021

D-Link’s newest launches for businesses and consumers are set to pave the way for the new era of networking caused by the pandemic

TAIPEI, June 23, 2021 — D-Link, a global leader in networking technologies, will unveil its latest networking technologies engineered for enterprise 5G private networks, cloud-managed campus networks, on-premise SMB networks, and smart home networks at this year’s Mobile World Congress (MWC), in Barcelona, Spain.

All over the world, the pandemic and continued ‘stay-at-home culture’ has resulted in a natural reliance on technology and being connected, and created an overwhelming rise in decentralized workforces. Business owners have had to accept the impact this will have on the future of work, re-evaluate their existing network infrastructure, and adapt to the decentralization of the workplace by leveraging new technologies to help them optimize efficiency and productivity.

What’s more, the new global mobile workforce also demands advanced technologies to enable remote working. With that in mind, D-Link’s latest 5G Private Network, Nuclias Connect, Nuclias Cloud, and Smart Home solutions are specifically designed to support this new era of connectivity. 

5G Private Networks

Traditional, fixed broadband can be expensive and challenging for large enterprises to implement, especially in suburban or rural areas. 5G Fixed Wireless Access (FWA) delivers the high bandwidth and low latency connection that enterprises need to operate remotely while at a lower cost for internet service providers. At MWC, D-Link will present its latest technologies for enterprise 5G private networks, including a new 5G gateway that delivers robust security and high reliability to address critical wireless communication requirements for industrial applications.

Nuclias Connect

D-Link’s on-premise network management is private, highly secure, and builds into a business’ existing IT infrastructure to allow management and complete oversight. With Nuclias Connect and its wide range of compatible devices, including Wi-Fi 6 access points, smart switches, and a new network controller hub, SMBs with remote locations can build and manage the surveillance network they require to optimize productivity. What’s more, to lend more support to the new ways of working, Nuclias Connect also comes fully equipped with high scalability, easy multi-site management, and advanced analytics.

Nuclias Cloud

Businesses are still facing new challenges that have emerged because of the pandemic, including budget constraints, lack of IT resources, inadequate network security, and decreased productivity. With these obstacles in mind, Nuclias Cloud offers a cost-effective solution that combats these head-on – and allows for cloud-managed networks to be quickly deployed and easily maintained, minimizing costs and maximizing resources. Nuclias Cloud provides secure company network access, unlimited scalability, zero touch deployment, as well as role and privilege-based access control. D-Link will be introducing new enhanced features and compatible devices – such as Wi-Fi 6 access points and a new cloud-managed SD-WAN Gateway.  

Smart Home

Demand for faster, higher capacity connectivity has increased exponentially around the world as bandwidth-intensive applications become increasingly prevalent at home. D-Link’s range of smart home solutions leverages cutting-edge AI, Wi-Fi 6, 5G, and Mesh technologies to provide the powerful speed and capabilities that standard wired broadband connections cannot offer. At MWC, D-Link will be displaying the latest smart surveillance cameras, a Wi-Fi 6 USB Adapter, the AI Series, and the new 5G/LTE Outdoor CPE.

For more information, please visit the D-Link MWC event website.

About D-Link

D-Link is a global leader in connecting people, businesses, and cities with our computer networking solutions and technology. Our innovative products and services meet the needs of digital home consumers, small to medium sized businesses, enterprise environments, and service providers. D-Link implements and supports unified network solutions that integrate capabilities in switching, wireless, broadband, IP surveillance, and cloud-based network management. An award-winning designer, developer, and manufacturer for over 30 years, D-Link has grown from a group of friends in Taiwan into a global brand with over 2,000 employees in 60 countries.

StarFive Adopts Valtrix STING for Verification of Next-generation RISC-V Processors

BANGALORE, India, June 22, 2021Valtrix Systems, provider of design verification products for building functionally correct CPU and system-on-chip implementations, announced today that StarFive, a leading provider of RISC-V processors, platforms and solutions in China, has licensed STING for verification of the next generation of RISC-V processors.

STING, a design verification product from Valtrix, uses software-driven methodology to check the functional correctness and architectural compliance of RISC-V implementations. The product also consists of a RISC-V architecture verification suite and stimulus programming framework to provide the engineering teams an easy ramp into verification readiness and a platform to extend the base stimulus by writing custom tests.

StarFive’s CTO, Morton Yu, said: "We are delighted to work with Valtrix Systems. Its design verification tool STING features a highly flexible stimulus development framework and a large library of test stimulus. These add a new level of testing before the release of our next-generation processor design. StarFive has always looked to contribute to a more complete RISC-V processor ecosystem and we look forward to deepening our collaboration with Valtrix in delivering more powerful RISC-V technology."

"The open-source and modular RISC-V architecture allows CPU developers to innovate and customize their offerings to meet the application needs. Verification of custom implementations can be challenging and it needs a versatile solution which can adapt according to the requirements of the design configuration," said Shubhodeep Roy Choudhury, CEO of Valtrix. "STING’s well-proven verification methodology has been deployed and used successfully by multiple RISC-V developers and we are proud to partner with StarFive and help them in their endeavor of developing advanced RISC-V implementations," he added.

For more information on Valtrix’s design verification technology and products, visit: https://www.valtrix.in

About Valtrix’s STING Design Verification Tool

STING, the flagship product of Valtrix, is a commerically supported design verification tool for RISC-V based implementations. It can be configured to generate portable bare-metal programs containing self-checking architecturally-correct test stimulus, which can then be enabled on simulation, FPGA prototypes, emulation or silicon.

About StarFive

Founded in 2018, StarFive is a leading provider of RISC-V processors, platforms and solutions in China. Its portfolio of CPU IP is optimized for maximized performance and power efficiency, which are widely used in home appliances, industrial robots, network communication devices, edge computing. The company recently announced BeagleV™ single-board computer which is the first affordable RISC-V board to run on Linux.

Connect with Valtrix at:

Twitter: @ValtrixSystems
LinkedIn: https://www.linkedin.com/company/valtrix-systems

Media Contact:
Shubhodeep Roy Choudhury
deepsrc@valtrix.in  
valtrix-marketing@valtrix.in

Increased and Evolving Threats Heighten the Demand for Port Security Solutions and Enhanced Safety Technology

New port developments in the APAC, Africa, and the Middle East will push security spending, reveals Frost & Sullivan

SANTA CLARA, Calif., June 21, 2021 — The shipping industry is responsible for about 90% of global trade by volume. Frost & Sullivan’s recent analysis on the global maritime port security market finds that governments are prioritizing the safe and secure transportation of goods to ensure economic stability and growth. The sector is being driven by increased threats to port operations, terminal expansions and new ports, soaring traffic, and the acceleration of digital transformation. In addition, a rise in surveillance spending with a large number of new port developments, especially in the Asia-Pacific (APAC), Africa, and the Middle East regions, and technology upgrades in large and established ports internationally are propelling the demand for maritime port security solutions. As a result, the industry is estimated to hit $9.10 billion by 2030 from $6.74 billion in 2020, a 3% upsurge in the compound annual growth rate (CAGR). Among key technologies, cybersecurity is expected to generate the highest revenue—$4.08 billion, followed by screening and detection at $1.69 billion, by 2030.

Port and maritime security
Port and maritime security

For further information on "A Dynamic Threat Landscape Propels the Global Maritime Port Security Market" analysis, please visit: http://frost.ly/5r8.

"Ports remain a major safety concern as a critical component of global supply chains and commerce. Any disruption at ports would affect the interconnected transportation, energy production, and manufacturing industries and have far-reaching economic consequences across a country or even a larger region," said Aravind Srimoolanathan, Industry Analyst, Aerospace, Defense & Security Practice, Frost & Sullivan. "As ports recover from the impact of the pandemic, vessel traffic is anticipated to recover within two to three years to cater to the global demand, thus encouraging ports to invest more in solutions for infrastructure safety and to handle congestion. Demand for additional software for screening equipment and its integration into the overall port security will intensify."

Srimoolanathan added: "Port digitalization for tracking and coordination of vessels and cargo has the dual goals of lowering operational expenditure and improving efficiency, thereby unlocking opportunities for safety upgrades. Hence, security providers must consider the best ways to optimize cargo screening and detection, surveillance, and perimeter security by deploying data analytics and artificial intelligence (AI) as they enhance existing security systems’ accuracy in identifying and thwarting threats."

Companies need to pursue groundbreaking ideas and develop novel cyber-resilient technologies to proactively counter the ever-evolving cyber threats. To achieve this, market participants should focus on:

  • Integrated systems for effective security operations: As new technologies and applications emerge, there can be uncertainty among end users. New technologies that integrate easily, with a clear and straightforward interface that requires minimal training for security employees, will appeal to the end users.
  • Managed services business model: Partnerships with governments and port operators in the nascent stages of port development projects to provide turnkey solutions and operational support services that bridge security capability gaps may prove beneficial.
  • Cybersecurity of physical security systems: Vendors should combine Physical Security Information Management (PSIM) and Security Information and Event Management (SIEM) applications so physical security staff can detect secret threats, and the cybersecurity team can comprehend risks associated with the physical security system.

A Dynamic Threat Landscape Propels the Global Maritime Port Security Market is the latest addition to Frost & Sullivan’s Aerospace & Defense research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

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

A Dynamic Threat Landscape Propels the Global Maritime Port Security Market
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GLG Names Ramakrishnan (Rama) Adaikalavan Head of APAC


NEW YORK, June 21, 2021GLG, the world’s insight network, today announced that Ramakrishnan (Rama) Adaikalavan will join the company as Head of APAC. He joins GLG’s global leadership team and will report directly to CEO Paul Todd. As Head of APAC, Adaikalavan will oversee all of GLG’s business serving leading corporations, professional services firms, and financial firms from ten offices across the Asia-Pacific region.

GLG is the world’s insight network, bringing decision makers the insight it takes to get ahead. GLG’s network of experts is the world’s largest and most varied source of first-hand expertise, with thousands of new experts recruited every week.

Adaikalavan joins GLG with extensive cross-APAC experience at prestigious global companies, most recently as Vice President and GM of Applications and Business Process Services at DXC Technology, a leading global IT services and solutions firm. He has also held senior executive roles at Hewlett Packard Enterprise Services, Hewlett Packard, and Electronic Data Systems. Born in Malaysia, Adaikalavan started his career in Australia and relocated to Singapore in 2010. He holds an MBA from the Australian Graduate School of Management and has recently completed an International Directors Program at INSEAD.

"Rama is an extremely savvy executive who brings deep commercial and frontline leadership experience and strong knowledge of the Asia-Pacific region," said GLG CEO Paul Todd. "I’m excited for him to bring that exceptional background to GLG as we continue to accelerate our growth across APAC and around the world."

"I’m thrilled to join GLG’s talented APAC team at a moment of strategic growth for the company," said Adaikalavan. "I’m looking forward to partnering with our experts and clients to continue to deliver an exceptional differentiated value proposition in the Asia-Pacific market."

Adaikalavan will be based in Singapore. He begins work today.

About GLG
GLG is the world’s insight network. We connect decision makers to the right experts so they can act with the confidence that comes from true clarity and have what it takes to get ahead. Our network of experts is the world’s largest and most varied source of first-hand expertise, and we recruit hundreds of new experts every day. We bring the power of insight to every great professional decision. Visit GLGinsights.com.

Contact: press@glg.it 

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Senmiao Technology Announces Strategic Cooperation with the Top Online Ride-hailing Platform in China

Company Continues to Establish Partnerships for its Ride-hailing Expansion Initiatives

CHENGDU, China, June 19, 2021 — Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China and an operator of its own online ride-sharing platform, today announced the signing of a cooperation agreement with a leading global platform for mobile transportation and local services (its "Partner"). Under the terms of the agreement, Senmiao will collaborate with its Partner to aggregate riders on their platforms. Senmiao has had a longstanding partnership with this Partner related to automobile transaction and related services since November 2018.

Under this cooperation agreement, the Company’s Partner will serve as a ride-hailing order aggregator for Senmiao. Senmiao will receive orders from riders utilizing its Partner’s online ride-hailing applications in certain cities, beginning with Chengdu. Once orders are received by its Partner, they will be distributed to registered drivers on Senmiao’s platform for viewing and acceptance. Senmiao will pay information technology service fees to a technology company cooperating with its Partner for each completed order based on a certain percentage of the value of the order.

Xi Wen, Senmiao’s Chairman and Chief Executive Officer stated, "We are thrilled to be collaborating with our long-term partner. Our focus has been on forging partnerships with major players in the space. Since our initial launch in October 2020, Senmiao’s online ride-hailing platform has seen impressive growth as we have expanded into additional cities with plans to launch in other major metropolitan areas where ride-hailing has become increasingly popular as a convenient and affordable mode of transportation. We are pleased to have the support of a major player in the space like our partner and look forward to this expanded partnership."

About Senmiao Technology Limited

Headquartered in Chengdu, Sichuan Province, Senmiao provides automobile transaction and related services including sales of automobiles, facilitation and services for automobile purchase and financing, management, operating lease, guarantee and other automobile transaction services as well as operates its own ride-hailing platform aimed principally at the growing ride-hailing market in Senmiao’s areas of operation in China. For more information about Senmiao, please visit: http://www.senmiaotech.com. The Company routinely provides important information on its website.

Cautionary Note Regarding Forward-Looking Statements 

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements (including those relating to the operation of Senmiao’s ride-hailing platform) are subject to significant risks, uncertainties and assumptions, including those detailed from time to time in the Senmiao’s filings with the SEC, and represent Senmiao’s views only as of the date they are made and should not be relied upon as representing Senmiao’s views as of any subsequent date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances. 

For more information, please contact:
At the Company:
Yiye Zhou
Email: edom333@ihongsen.com
Phone: +86 28 6155 4399

Investor Relations:
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aprior@equityny.com                                                                        lma@equityny.com

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WHY THE RED STAR SHINES OVER CHINA: The Surging Xiangjiang River I–The Prime of Life

BEIJING, June 18, 2021 — A news report by China.org.cn on the early life of Mao Zedong in Changsha: 

To the people of China, Changsha is a city of heroes. Mao Zedong, who saved the Party’s cause several times, spent his youth studying, living and working here. This is also where Mao Zedong Thought was formed.

 

To the people of China, Changsha is a city of heroes. The revolutionary thought from here has inspired generations. Mao Zedong, who saved the Party’s cause several times, spent his youth studying, living and working here. This is also where Mao Zedong Thought was formed. Mao’s early years in Changsha provided inspiration for China’s revolution and the founding of the CPC.

In one of his famous poems -"Changsha-to the tune of Qin Yuan Chun" wrote in 1925, Mao said, "I ask, on this boundless land, who rules over man’s destiny?" At that time, the CPC forged cooperation with the Kuomintang in the Great Revolution (1924-1927).

In January 1925, Mao returned to Hunan from Shanghai and organized several peasant movements. The reactionary warlord, Zhao Hengti was furious with Mao for his actions, and ordered to arrest him.

Under such circumstances, Mao had to leave Changsha for Guangdong. He joined the Great Revolution, organized peasant associations and attended the Peasant Movement Training Institute. Before he left Changsha, he wrote that poem.

The Hunan First Normal University, known as a "Thousand-Year Institution of Higher Learning and Hundred-Year Normal School," was formerly known as Changsha Southern City Academy and founded by Zhang Shi, a famous Neo-Confucianist in the Southern Song Dynasty (1127-1279). Mao studied and worked here for eight years from the spring of 1913 to the winter of 1921.

Mao once said in an interview, "I experienced a lot here, at Hunan First Normal University. My political thought began to take shape here. It was also here where I gained my first experience in social action." It is clear that the First Normal University meant a great deal to Mao Zedong.

From 1913 to 1918, during his five and a half years’ study in the university, he studied hard to expand his knowledge, and laid a deep academic foundation. He paid great attention to social practice, conducted investigations in rural areas, sponsored a night school for workers, and successfully organized his very first military action -"Disarming Routed Troops at Houzishi."

Mao was a student of distinction during his time in the Hunan First Normal University. He read plenty of classics in university. His reading notes alone filled many baskets. The tens of thousands of words of annotations and insights fully show his meticulous attitude toward learning and reading. In addition, he advocated the notion of "civilizing one’s spirit but savaging one’s body."

Taking cold showers  is one of Mao’s ways to exercise his body. Mao believed that taking cold baths would firm his will and prepare his body for more important work.

With his profound knowledge, strong physique and broadened horizons, Mao was well-prepared and determined to "transform China and the world". His mental and physical fitness also laid a solid foundation for the arduous Long March later on.

At the same time, Mao met several good teachers while studying in the university. Some of them had acquired deep knowledge, and some were well-versed in both Chinese and Western knowledge, for example, Mr. Yang Changji. Among his teachers, there were those who loved the country and their countrymen, and explored the way to save the country and the people, such as Mr. Xu Teli. Under their influence, Mao aspired to save the country and determined to study hard and strengthen his body.

The Hunan First Normal University cultivated a great leader for China, who saved the country from misery (at that time). The university is a cradle of talent that educated many revolutionaries in China. In 1950, Mao returned to his alma mater and expressed his encouragement and hope to the faculty and students. "To be a teacher of the people, one must first be a pupil of the people," said Mao.

Osome Raises a $16M Series A to Expand its AI-based Accounting Platform to Global Markets

SINGAPORE, June 18, 2021Osome, a super-app that digitizes accounting and compliance services for SMEs, has raised $16M in a Series A funding from a group of investors including Target Global, AltaIR Capital, Phystech Ventures, S16VC, and Peng T. Ong, an angel investor. The capital enables Osome to expand its footprint internationally, as well as to fuel product integrations. 

"Back-office operations are annoying, tedious yet mission critical for businesses, especially for SMEs. Remarkably, an average entrepreneur spends 68% of their time to deal with routine tasks vs 32% to strategize and deliver on their long term goals. Osome combines artificial intelligence software with operational excellence to automate administrative, accounting, payroll and tax-related work and help entrepreneurs focus on what they can do the best – growing their business", Victor Lysenko, co-founder and CEO of Osome, says. "We strive to build a future where small business owners can fully rely on the technology in their administrative routine".

The demand for Osome services has accelerated with COVID-19 as clients recognized the importance of automation. This has led to more than 100% YoY revenue growth and $9.5M ARR with over 6,000 happy customers in Hong Kong, Singapore, and the UK. Additionally, the company has identified a product / market fit in the fast-growing e-commerce segment and will double down on it in the next 18 months. 

Osome’s core offering is online accounting services for SMEs, especially those involved in e-commerce — аccountants take over the documents and convert them into actionable numbers, tax filings and reports, making accounting and bookkeeping service for online sellers as simple as ever.

The company also helps with business set up and provides corporate secretary services — Osome checks compliance, tracks deadlines, files documents, and answers questions in a chat at any time of the day or week. The platform categorises and stores any documents users send, so nothing is lost, and then creates and files reports on time. 

"We have supported Osome since the early days and are excited to continue our partnership in the latest round. We are especially happy about the strong growth Osome has shown in the expanding e-commerce segment. Online Sellers require unique tools and custom approaches to be serviced effectively and Osome’s mix of technology and human expertise is the perfect solution", says Mike Lobanov, GP & COO of Target Global.

Media Contact:

Safiah Alias
safiah@osome.com
+65-6589-8807

Huawei Releases AR White Paper and Elaborates on Benefits of 5G + AR

SHENZHEN, China, June 18, 2021 — At Huawei’s Better World Summit for 5G + AR, Huawei Carrier BG CMO Bob Cai delivered a keynote speech titled 5G + AR, Turning Dreams into Reality. In this speech, Cai said that 5G will switch on AR, and AR will light up 5G. He also announced the release of the AR Insight and Application Practice White Paper, which offers insights into the AR industry in terms of devices, applications, and networking. Cai called on the entire industry to work together for a prosperous 5G + AR ecosystem.

Huawei Carrier BG CMO Bob Cai during the speech
Huawei Carrier BG CMO Bob Cai during the speech

AR creates a new frontier
Huawei and third-party data predicts that the AR market will be worth US$300 billion by 2025. "AR will first see massive adoption in five prioritized industries: education, social networking, shopping, traveling & navigation, and gaming," said Cai. "AR can truly enable the convergence of the physical and digital worlds, making dreams a reality."

AR makes communication more efficient
At the event, Cai shared case studies of Huawei employing AR. Due to COVID-19, customers from across the globe are unable to visit Huawei in person, so Huawei makes use of AR to demonstrate its leading products and solutions online, making communication far more efficient. Huawei also uses AR to achieve the quick delivery of 5G base stations, greatly boosting delivery efficiency.

Huawei simplifies AR
At the event, Cai demonstrated how Huawei "produces" AR. Huawei’s Air Photo uses unique algorithms to convert a 2D photo into a digital 3D model, considerably simplifying AR 3D character modeling. Cai also introduced Huawei AR Engine, the company’s AR development platform oriented toward mobile devices. With Huawei AR Engine, developers need to write only 10 lines of code to create AR effects, hugely increasing the efficiency of AR application development.

The entire industry should work together to create a 5G + AR ecosystem
A number of high-profile guests attended the event and delivered keynotes, including He Chengjian, Director of Shenzhen Communication Management Bureau, David MacQueen, Executive Director of Strategy Analytics, Huang He, Chief Producer of Shenzhen TV Station, Wei Rongjie, RealMax CEO, Hiroshi Fukuda, meleap CEO, Liang Jinhao, representative of HADO China Region, and Fu Jie, Executive Director of Shenzhen AR Association. They shared the latest AR use cases and their thoughts about AR’s future trends.

According to He Chengjian, Shenzhen is the first city in the world with full 5G SA coverage. ICT services represented by AR can potentially be adopted across a wide range of industries, including industrial production, e-commerce, real estate, home decor, culture, sport, tourism, healthcare, and education. AR applications have become a key engine for digital transformation and will profoundly change production methods and how we live.

Director of Shenzhen Communication Management Bureau He Chengjian during his keynote
Director of Shenzhen Communication Management Bureau He Chengjian during his keynote

When concluding his speech, Cai said, "If you want to go fast, go alone; if you want to go far, go together. The development of AR requires the entire industry to work together and create a prosperous 5G + AR value chain. AR and 5G are combining at the right time. 5G switches on AR, and AR lights up 5G."

Download the AR Insight and Application Practice White Paper at:

https://carrier.huawei.com/~/media/CNBGV2/download/bws2021/ar-insight-and-application-practice-white-paper-en.pdf