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PR Newswire

BEST Inc. to Hold 2021 Annual General Meeting on October 20, 2021

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HANGZHOU, China, Sept. 3, 2021 — BEST Inc. ("BEST" or the "Company") (NYSE: BEST), a leading integrated smart supply chain solutions and logistics services provider in China, today announced that it will hold its 2021 annual general meeting of shareholders at 5th Floor, Block A, Huaxing Modern Industry Park, No. 18 Tangmiao Road, Xihu District, Hangzhou, Zhejiang Province, People’s Republic of China at 10:00 a.m. (Beijing time) on October 20, 2021.

No proposal will be submitted for shareholder approval at the annual general meeting. Instead, the annual general meeting will serve as an open forum for shareholders to discuss Company affairs with management. The chairman of the AGM will conduct and lead the AGM and may accept questions from shareholders at his sole and absolute discretion.

The board of directors of the Company has fixed the close of business on September 17, 2021 (Eastern Daylight Time) as the record date (the "Record Date") for determining the shareholders entitled to receive notice of and attend the annual general meeting or any adjournment or postponement thereof.  Holders of record of the Company’s ordinary shares at the close of business on the Record Date are entitled to attend the annual general meeting and any adjournment or postponement thereof in person.  

BEST has filed its annual report on Form 20-F (the "Annual Report"), which includes the Company’s audited financial statements for the fiscal year ended December 31, 2020, with the U.S. Securities and Exchange Commission (the "SEC"). BEST’s Annual Report can be accessed on the investor relations section of its website at http://ir.best-inc.com or on the SEC’s website at http://www.sec.gov.

Holders of the Company’s ordinary shares may obtain a hard copy of the Annual Report, free of charge, by writing to:

BEST Inc.
c/o 5th Floor, Block A, Huaxing Modern Industry Park 
No. 18 Tangmiao Road, Xihu District, Hangzhou 
Zhejiang Province 310013 
People’s Republic of China 
Attention: IR Department

ABOUT BEST INC.

BEST Inc. (NYSE: BEST) is a leading integrated smart supply chain solutions and logistics services provider in China. Through its proprietary technology platform and extensive networks, BEST offers a comprehensive set of logistics and value-add services, including express and freight delivery, supply chain management and last-mile services, truckload service brokerage, international logistics and financial services. BEST’s mission is to empower business and enrich life by leveraging technology and business model innovation to create a smarter, more efficient supply chain. For more information, please visit: http://www.best-inc.com/en/.

 

 

Related Links :

https://www.best-inc.com/

PR Newswire

Luokung Announces eMapgo to Lead Development of Standards for Technical Requirements of Automated Valet Parking Map and Localization

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BEIJING, Sept. 2, 2021 — Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced that the Technical Requirements of Automated Valet Parking Map and Localization (the "AVP Requirements"), a standard project sponsored by Luokung’s operating affiliate eMapgo Technology (Beijing) Co., Ltd. ("EMG"), a leading provider of navigation and electronic map services in China, has passed the review of the China Society of Automotive Engineers and entered the development phase.

Automated Valet Parking ("AVP") is known as the L4 autonomous driving technology that enables vehicles to park themselves. Luokung believes that AVP is currently the most promising application for autonomous driving technology and is the first to achieve commercial launch. The development of the AVP Requirements will further improve and refine the AVP standards and establish a uniform set of safety and technical requirements in China, providing a clear foundation for future AVP products. The development of the AVP Requirements allows the industry to promote the progress of AVP product development and launch, as well as the safe and rapid expansion of the autonomous driving industry.

Development of the AVP Requirements will be led by EMG, together with representatives of nearly 60 industries including relevant map vendors, positioning service providers, software and hardware vendors in the field of autonomous driving, car manufacturers, communication operators, and parking lot operators.

Mr. Xuesong Song, Chairman and CEO, stated, "We are pleased that EMG will be continuing its leadership role in the development of new industry standards, in this case for the exciting and growing autonomous driving industry. We believe that this role will open up additional opportunities for Luokung in the areas of autonomous driving and supportive technologies, affirming our leading position in the industry and enabling us to establish working relationships with new partners that are as dedicated to improving industry standards and laying a foundation for more widespread application of the AVP standard."

About Luokung Technology Corp.

Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS and HD Maps for various industries in China. Backed by its proprietary technologies and expertise in HD Maps and related intelligent spatial-temporal big data, Luokung establishes city-level and industry-level holographic spatial-temporal digital twin systems serving industries including smart transportation (autonomous driving, smart highway and vehicle-road collaboration), natural resource asset management (carbon neutral and environmental protection remote sensing data service), and LBS smart industry applications (mobile Internet LBS, smart travel, smart logistics, new infrastructure, smart cities, emergency rescue, among others). The Company routinely provides important updates on its website: www.luokung.com/en.

ABOUT EMAPGO

eMapgo, a variable interest entity ("VIE") of Luokung, is a leading provider of navigation and electronic map services in China, as well as a leading provider in Internet map services, geographic information system engineering and other A-level mapping qualifications. EMG possesses the National Class-A qualification certificates of navigable Surveying and Mapping, and actively develops autonomous driving and HD Map services. Effective March 17, 2021, Luokung consummated its acquisition of EMG through the purchase of the equity interests of Saleya Holdings Limited, which, through a series of contracts between its wholly-owned subsidiary DMG Infotech Co., Ltd. and EMG, made EMG Luokung’s VIE. For more information, please visit EMG’s website: www.emapgo.com.cn.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding our or our management’s expectations, hopes, beliefs, intentions or strategies regarding the future and other statements that are other than statements of historical fact. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "may", "might", "plan", "probable", "potential", "should", "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination and analysis of the existing law, rules and regulations and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you the statement herein will be accurate. As a result, you are cautioned not to rely on any forward-looking statements.

CONTACT:

The Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-5327-4727
Email: ir@luokung.com

Investor Relations:
Ms. Carolyne Sohn
Vice President
The Equity Group Inc.
Tel: 415-568-2255
Email: csohn@equityny.com

Related Links :

http://www.luokung.com

PR Newswire

Epson Partners with Runway to Drive Digital Transformation & Build an Innovation Ecosystem

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SAN FRANCISCO, Aug. 27, 2021 — Seiko Epson Corporation (referred to below as Epson) is working with San Francisco-based Runway Innovation Hub to foster an innovation mindset, identify cutting-edge technology startups for piloting and partnership, and build strong relationships with the global innovation ecosystem.

Photo by ThisIsEngineering from Pexels
Photo by ThisIsEngineering from Pexels

Epson is on a mission to address unmet customer needs through its Open Innovation Program. As an experienced partner in corporate innovation consulting and startup engagement, Runway was selected to translate global trends into business opportunities and scout startups.

"Our partnership with  Runway has given us the opportunity to understand the Silicon Valley mindset and efficiently gain exposure to innovative startups," stated Junkichi Yoshida, COO of Epson’s Printing Solutions Division.

Yoshihiro Nakami, General Manager Epson DX Strategic Planning described, "Runway plays an important role in Epson’s worldwide innovation network. Their expertise in creating an innovation process for Epson and breadth of startup connections has accelerated our speed to pilot. We look forward to continuing our partnership." 

Runway’s team of seasoned  analysts and technology researchers have nurtured Epson’s startup partnership pipeline throughout the pandemic. Despite the global events of 2020, Runway and the Epson DX Open Innovation team have achieved strong results, including:

  • 78 startups scouted, analyzed, and evaluated
  • 22 startup meetings & demos sessions from over 6+ countries around the globe
  • 11+ partnership discussions

"Epson and  Runway have established a trusted partnership. We work very closely with the Runway team and they understand our strategic business goals. Together we are transforming step-by-step the internal mindset along with Epson’s future business." – Akihisa Obara, Epson Senior Expert and DX Project Management Lead.

One successful example is the collaboration with Avatour, a startup developing a remote collaboration platform designed to conduct meetings including for training, inspections, and other site-specific meetings. The company’s software allows users to share a real place where they can see the entire environment at 360° and interact with each other, thereby enabling remote users to effectively participate in site meetings and save time and money.

Jack Rieger, Director Digital Innovation Epson America explained, "We recognize that we don’t have good visibility to everything that is out there, so working with a firm like Runway introduced us to unknown possibilities.  We look specifically for startup or corporate partners that can help us open up new markets, enhance the value proposition of our product, and grow our business in a significant way".

Epson is seeking collaborations with innovators to co-develop solutions for remote work, distance learning, digital collaboration, stay-at-home and remote manufacturing to support its current and future customers as the world is forever impacted by the global pandemic.

Epson and Runway are continuing a strong partnership into 2021 and look forward to sourcing high-quality startups and technologies for successful piloting and business unit integration. If you’d like to collaborate, please use the links below to learn more.

About Epson:
Epson is a Japan-headquartered manufacturing company which provides printing solutions, visual communications, wearable products, and industrial solutions. Since 1942, Epson’s DNA has continued to embody the idea of efficient, compact, precision technology, and now their IoT hubs enable customers to access this whenever and wherever you are. Epson is helping their customers in education, tourism, healthcare, and disaster prevention tackle the challenges. By providing timely solutions to issues, they create customer-centric long term relationships, offering continuous support in solving social issues. Learn more at https://openinnovation.Epson.com/en/ .

About Runway:
Runway is a Silicon Valley innovation company accelerating the success of global corporate innovators and technology entrepreneurs.  Runway has worked with 40+ global corporations to drive innovation results by uncovering new trends and opportunities, scouting cutting-edge startups for strategic partnership, investment or acquisition, and successfully piloting new business concepts. Alongside its consulting practice, Runway incubates early stage startups across 20+ industries. Runway’s 350+ startups have done extremely well – they’ve raised a combined $2.5B in VC money and 53 have successfully exited. Learn more at https://runway.is/corporate-innovation/ .

Photo – https://techent.tv/wp-content/uploads/2021/08/epson-partners-with-runway-to-drive-digital-transformation-build-an-innovation-ecosystem.jpg

Related Links :

https://runway.is

PR Newswire

Uhnder Digital Imaging Radar-on-Chip Leverages proteanTecs’ Universal Chip Telemetry for Deep-Data Monitoring

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Gains visibility to achieve reliable performance at scale

HAIFA, Israel, Aug. 25, 2021 — proteanTecs, a global leader in deep data solutions for advanced electronics, announced today that Uhnder, a pioneer in digital imaging radar sensors for ADAS and next-generation mobility applications, has selected the company’s Universal Chip Telemetry (UCT) monitoring solution to provide actionable insights and predictive data about the performance, quality, and reliability of its radar-on-chip, through all product development and usage cycles.

 

proteanTecs’ UCT™ for reliable performance at scale
proteanTecs’ UCT™ for reliable performance at scale

 

proteanTecs provides deep data based on Universal Chip Telemetry (UCT), introducing visibility from within. Their cloud-based analytics platform applies machine learning algorithms to measurements extracted from on-chip monitors, strategically placed during design to provide a high coverage, high resolution picture of the system’s health and performance throughout its lifecycle. Chip manufacturers and Tier1s can reduce DPPM (defect parts per million), optimize system performance, and manage reliability margins. Once deployed in the field, OEMs can perform data-driven OTA updates, ECU fault diagnostics, and predictive maintenance, with alerts on faults before failures.

Curtis Davis, Uhnder CTO and co-founder, said: "The automotive industry needs better sensing with high reliability to reach truly effective ADAS and full autonomy. proteanTecs’ UTC deep-data monitoring provides Uhnder with critical visibility, along with predictive performance tracking, during production and while the system is in mission mode."

"Uhnder has built the power and flexibility of digital processing into their radar sensors," said Gal Carmel, proteanTecs GM Automotive. "This enables complete programmability, while allowing for precise digital imaging radar perception. By embedding proteanTecs’ UCT, Uhnder will be able to reinforce the performance and reliability profiles needed for series production at scale."

About Uhnder

Uhnder is the leader in digital perception radar technologies for automotive and next-generation mobility applications. Based on digital code modulation, Uhnder’s fully software-defined radar-on-chip (RoC) and sensor modules enable highest-resolution digital perception for ADAS, AV, and logistics automation systems. Headquartered in Austin, Texas, Uhnder is the only supplier of digital imaging radar chips and systems. For more information, visit www.uhnder.com and follow Uhnder on LinkedIn.

About proteanTecs

proteanTecs develops revolutionary Universal Chip Telemetry™ (UCT) for electronic systems throughout their entire lifecycle, increasing their performance and reliability. By applying machine learning to novel data created by on-chip UCT Agents™, proteanTecs provides meaningful insights and visibility unattainable until today, leading to new levels of quality, reliability and scale. Founded in 2017, the company is headquartered in Israel with offices in New Jersey, California and Taiwan. For more information, visit: www.proteanTecs.com.

Photo – https://techent.tv/wp-content/uploads/2021/08/uhnder-digital-imaging-radar-on-chip-leverages-proteantecs-universal-chip-telemetry-for-deep-data-monitoring.jpg  
Logo – https://mma.prnasia.com/media2/844547/proteanTecs_Logo.jpg?p=medium600  

 

 

Press Contact
Tamar Naishlos, Media Relations
tamarn@proteanTecs.com

Related Links :

http://www.proteanTecs.com

PR Newswire

AUTOCRYPT highlighted in Forbes Asia Inaugural 100 to Watch List

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SEOUL, South Korea, Aug. 24, 2021 — Leading autonomous vehicle cybersecurity provider AUTOCRYPT announced that it was spotlighted in Forbes Asia’s inaugural 100 to Watch list. The newly announced list highlights notable and startups on the rise in the Asia-Pacific region. AUTOCRYPT was featured as the sole cybersecurity provider on the list.

As the number of connected and autonomous vehicles (CAVs) on the road increase, it is becoming more apparent that cybersecurity will be the key to wider, safer adoption of this new technology. AUTOCRYPT’s solutions cover the entire connected car ecosystem by securing not only the vehicle itself, but charge points and networks, fleet management solutions, as well as V2X (vehicle-to-everything) communications. AUTOCRYPT’s security solutions currently cover over 5000 kilometers of smart roadways and highways, and its proprietary technology has provided secure communications for several major manufacturers’ vehicles and charging systems.

"We are exceptionally pleased to see our inclusion into this inaugural list. We live in an era where autonomous vehicles are making headway in terms of technological development, and as such, security is now more necessary than ever. Legislation is beginning to follow, putting into effect cybersecurity regulations and standards for those in the automotive industry, and demand has skyrocketed," noted AUTOCRYPT’s CEO and co-Founder, Daniel ES Kim. He continued, "We do our best to meet this demand, but we also take it upon ourselves to inspire and raise up leaders and experts in this industry. We hope that our presence on the 100 to Watch highlights the work being done to bring cybersecurity of not only vehicles, but of the entire mobility ecosystem to the forefront."

AUTOCRYPT made headlines earlier this year by raising a total of US$15 million from major investors to expand its offerings globally. The company most recently launched offices in Germany and the United States, opening its doors to collaborative projects with North American and European vehicle OEMs and Tier-1 suppliers. By providing security solutions complying with the diverse range of standardizations for vehicles worldwide, AUTOCRYPT allows for convenience and ease when it comes to interoperability.

For more information about AUTOCRYPT and its security solutions, learn more at www.autocrypt.io or contact global@autocrypt.io

PR Newswire

VisIC introduces its most efficient 7.2kW bidirectional Totem Pole PFC reference design

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D3GaN power switch solution for automotive provides the best performance and cost-effective solution for high power On-Board-Chargers

NESS ZIONA, Israel, Aug. 24, 2021 — VisIC Technologies Ltd. is proud to announce its new reference design for Totem Pole PFC aimed at OBC for electric vehicles. This reference design is another step in the ongoing effort to support our customers and improve the power conversion systems to fit the demanding size, cost, and efficiency targets for the automotive market. 

The 7.2kW bidirectional Totem Pole PFC
The 7.2kW bidirectional Totem Pole PFC

Today on-board-chargers embrace the bidirectional requirements of the V2G and G2V by using new topologies such as the Totem Pole PFC.

The new reference design from VisIC is aimed at the higher power segment of 7.2kW with increased efficiency, size, and cost structure.

Based on the VisIC V22TC65S1A 22mohm, 650V, 100A GaN device that is optimized for PFC stage, the design requires a single device per leg and achieves a power density above 130W/inch3 or 8kW/L, operating at 140kHz without paralleling GaN devices and giving an efficiency above 98%.

The reference design kit includes everything needed to operate the unit in both PFC and inverter modes, from the on-board firmware on MCU to the coldplate for high power operation, as well as all the design files.

About VisIC Technologies:

Based in Israel, VisIC Technologies Ltd. was established by experts in Gallium Nitride (GaN) technology to develop and market advanced GaN-based power conversion products. VisIC has successfully developed and is bringing to market high power GaN-based transistors and modules. (GaN is expected to replace most Silicon-based (Si) products currently used in power conversion systems). Its high efficiency and reliable products are designed for high power conversion for hybrid and electric vehicles, Datacenters, renewable energy, and industrial motors. VisIC has been granted keystone patents for GaN technology and has additional patents pending.

For more information about VisIC Technologies, please visit www.visic-tech.com and LinkedIn

VisIC Top cooled V22TC65S1A GaN devices
VisIC Top cooled V22TC65S1A GaN devices

 

 

Related Links :

GaN Power Semiconductor Leader

PR Newswire

BeeCruise Releases U.S. Shopify Seller-focused App “BEEYOND,” Allowing Online Store Operators to Complete Overseas Delivery Simply by Sending Products to Warehouse in Los Angeles

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– Solving Shipping and Delivery Problems Simultaneously –

TOKYO, Aug. 23, 2021 — BEENOS Group company BeeCruise Inc. announced on August 23, 2021, the release of BEEYOND, an app that solves problems for Shopify sellers in the U.S. related to overseas shipping. BEEYOND is a service that completes overseas delivery by simply applying a special sticker and sending the product purchased to a designated warehouse in Los Angeles.

(Image: https://kyodonewsprwire.jp/prwfile/release/M105591/202107268124/_prw_PI5fl_5uUH8s1c.jpg)

Shopify’s cross-border e-commerce sales increased by nearly 75% from 2019 to 2020, achieving more than $20 billion in sales (Note 1). However, overseas shipping faces multiple problems such as differences in shipping conditions from country to country, tariffs, and high overseas shipping charges.

BEEYOND can solve these problems. Shopify sellers need only to select a product within the BEEYOND app, print and apply a special sticker, and send the product to a designated warehouse in Los Angeles to complete overseas shipping. Furthermore, the shipping fee will be an estimated 70% cheaper than other shipping services (Note 2), and it is expected that purchases from users who were discouraged by high overseas shipping fees will increase.

BEENOS Group promotes the construction of a global platform in e-commerce in partnership with marketplaces around the world such as eBay, Shopee and Lazada. BEENOS also operates Buyee, a proxy purchasing service that allows users around the world to purchase Japanese products, with a following of loyal users who are familiar with cross-border e-commerce. BEEYOND can utilize the BEENOS group’s global network. BEEYOND will achieve a year-on-year increase in total distribution of $119.6 billion in 2020, contributing to the further expansion of Shopify distribution, and assisting Shopify sellers in entering the global market.

Site Image (for illustration purposes only):
https://kyodonewsprwire.jp/prwfile/release/M105591/202107268124/_prw_PI1fl_7PKn5o7p.jpg

Sticker Image (for illustration purposes only):
https://kyodonewsprwire.jp/prwfile/release/M105591/202107268124/_prw_PI4fl_n2CLnKGH.jpg

Note 1. https://www.shopify.jp/blog/the-shopify-effect

Note 2. Price Comparison Table:
https://kyodonewsprwire.jp/prwfile/release/M105591/202107268124/_prw_PI3fl_aFmJ51rX.jpg

Overview of BEEYOND
URL: https://beeyond-ship.com/ 
Monthly usage fee: Free, shipping costs only
No. eligible countries/regions for delivery: 211

About BeeCruise Inc.

BeeCruise Inc. utilizes BEENOS Group’s strengths in the areas of experience, networks, data storage and technology to connect companies and consumers around the world and support the development of e-commerce stores.

Related Links :

https://beeyond-ship.com/

PR Newswire

Dada Group and CP Group Retail Division Partner to Provide Omni-channel On-demand Delivery Services for CP Lotus and CP Fresh Mart

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SHANGHAI, Aug. 20, 2021 — Dada Group (Nasdaq: DADA), China’s leading local on-demand delivery and retail platform, and Charoen Pokphand Group (CP Group)’s Retail Business Division, today announced a partnership to provide omni-channel on-demand delivery services for CP Group’s CP Lotus, a leading supermarket chain, and CP Fresh Mart, a community-based supermarket in China. CP Group is one of the world’s most influential multinational company operating by ethnic Chinese.

A Dada Now rider takes online orders for delivery at a CP Lotus store in Beijing
A Dada Now rider takes online orders for delivery at a CP Lotus store in Beijing

Dada Now, Dada’s on-demand delivery platform, launched a customized service program "Dedicated Delivery" for chain merchants. This program provides a "stationed + crowdsourcing" delivery model and services. Through the cooperation, the service will be adopted in CP Lotus and CP Fresh Mart’s stores, covering Beijing, Zhengzhou and Chongqing in the first round.

CP Lotus and CP Fresh Mart stores started to launch on JDDJ (JD Daojia), the on-demand retail platform of Dada Group, in 2016 and 2017 respectively, while Dada Now has provided on-demand delivery and online order fulfillment services. Under the cooperation, besides orders from JDDJ, Dada Now will fulfill online orders from WeChat mini program and third-party grocery platform. The cooperation will further expand to more categories and businesses, and improve order fulfillment efficiency in more regions throughout the country.

According to JDDJ data, in the first half of 2021, CP Lotus’ sales on JDDJ increased by over 1.5 times year-on-year. The average delivery time for CP Lotus and Fresh Mart’s online orders on JDDJ was about 40 minutes from January 1st to July 31st, 2021.

Mr. Liu Liu, President of the Retail Business Department at CP Group Head Office, said that Dada Group has fully demonstrated its powerful strengths in online operations. Through its retail empowerment strategy, Dada Group improves consumers’ online shopping experience by creating better online consumption platform and providing omni-channel order fulfillment. In terms of retail business, CP Group will leverage strengths in the "from the farm to the table" across its full industry chain, community business and services, and partner with Dada Group to offer better online and offline consumption services, facilitate the development of O2O business, put consumer needs first, and provide solutions for diversified shopping scenarios.

Mr. Mingyang Zhu, Head of Key Account Business at Dada Now, said that as a well-known multinational company, CP Group has advanced retail operation strategy, and pioneered in diverse retail ecosystem. Its established community retail experience system is getting stronger, striving to become the closest partner in consumer’s family life.  Dada Now will assist CP Group in establishing the community retail experience system with high delivery efficiency and lower costs, by leveraging innovations in delivery models and technologies. Working together, Dada Group and CP Group will provide consumers with a more convenient and efficient shopping experience.

About Dada Group

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

About CP Group

Charoen Pokphand Group (CP Group) is one of the largest ethnic Chinese multinational companies in the world. Its vision is to be the kitchen of the world and energy for human beings. Its retail business has hundreds of CP Fresh Mart, more than 100 CP Lotus and nearly 10000 CP Food direct-sale stores in Guangzhou, Beijing, Shanghai, Changsha, Zhengzhou, Chongqing, Qingdao, Lanzhou and other cities in China. CP Group is continuously expanding its geographic scope of online and offline retail business.

Related Links :

http://imdada.cn

PR Newswire

HH Global acquires Adare International

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Merge completion of global marketing services providers, HH Global and Adare International 

LONDON and CHICAGO, Aug. 18, 2021 — HH Global is pleased to announce the completion of the acquisition of Adare International (including Purple Agency), from the private equity firm Endless LLP, following the signing of an agreement on Monday 21 June 2021. The combined business will generate approximately $2.1bn in annual sales.  

This deal will create a combined global business with over 4,000 employees and a presence in more than 65 countries, cementing HH Global’s position as market leader. It will also allow stronger in-country operations, helping to propel seven of our local markets to achieve local annual run rates of over $50m revenue for the first time. 

Mike Perez, Group CEO of HH Global, expressed: "Following on from the successful integration of InnerWorkings in October last year, we are thrilled to join forces with Adare International. Welcoming new clients and colleagues on board is always an exciting process, and the strength of Adare International in these areas was a key motivation for our interest in acquiring them. I’m also particularly excited to enhance our capabilities in creative services in the healthcare and B2B sectors with Purple Agency, and to take advantage of the enhanced geographical reach and local revenue within their regional operations. 

The complementary nature of our business models and our shared passion for innovation, sustainability, and commitment to delivering outstanding services, assures me that this acquisition will allow us to continue to boost the growth momentum we have built over the last few years. On behalf of everyone at HH Global I would like to wish both employees and clients alike from Adare International a very warm welcome to the HH Global family." 

Andrew Dutton, Group CEO of Adare International, is also excited for what the merge will mean for the future, stating "Having been the CEO of Adare International since 2016, I have had the privilege of helping to grow our business into the exceptional marketing services provider it is today. Our dedication for delivering innovative, integrated marketing solutions to clients around the world aligns perfectly with the strengths of HH Global, making us confident that this partnership represents the best path for our company going forwards." 

About HH Global  
Founded in 1991, HH Global is a global outsourced marketing execution provider. Applying proven processes, industry-leading technology, and the deep expertise of over 4,000+ employees, we develop innovative solutions that drive down the cost of our clients’ physical marketing procurement and content development, while improving quality, sustainability, and speed to market. For more information, please visit hhglobal.com 

About Adare International  
Adare International is a British-headquartered provider of marketing services with strong procurement, creative and data offerings. From digital content and print management to logistics and point of sale, Adare International provide a full suite of services. Adare International also has an excellent procurement offering, as well as innovative content and interactive service lines. For more information please visit – Adare | Harmonise Your Marketing (adareinternational.net) 

About Purple Agency  
Owned by Adare International, Purple Agency is a global marketing agency, who specialise in healthcare, B2B and dedicated studios. The company have a global reach, with offices across the UK, Germany, Italy, Mexico and Brazil, and presence in over 40 countries. Their service offerings include Purple Health, which covers the full healthcare marketing spectrum, from sickness to wellness, intervention to prevention, and animal to human. They also offer Purple B2B, bringing fresh insight into companies’ business marketing communications, as well as Purple Studios which allows companies to build dedicated studios for their targeted needs. For more information please visit – Purple Agency | About us 

Strategic Motivation  
As with the recent merge with Innerworkings, the rationale behind this latest acquisition is centred on the strategic fit and complementary nature of the businesses, ultimately allowing HH Global to further consolidate its leading position within market. The acquisition will allow HH Global to expand capacity and reach, particularly in Europe and Latin American markets, in which our combined presence will grow our in-country capabilities. Furthermore, Adare International’s impressive solution offerings, as well as expanded agency and interactive service lines, will allow HH Global to significantly diversify and increase our proposition. Along with improving upon current services, the acquisition will also establish an increased capability in market sectors such as healthcare and B2B marketing.  

The merge will ultimately result in an unparalleled marketing and execution firm that will provide our clients with meaningful opportunities to increase the value they receive from our services. Being chosen as Adare International’s acquisition partner reflects the reputation and status HH Global has managed to achieve in recent years. We will ultimately be in a stronger position to transform and grow our long-term client relationships as their trusted solutions partner.

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PR Newswire

SKF to service Berlin underground carriages in long-term agreement

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Service agreement for U-Bahn trains includes original part supply and service for at least 606 carriages – and will last for a 32-year period minimum

GOTHENBURG, Sweden, Aug. 17, 2021 — SKF has signed a long-term agreement with Stadler Rail to equip and service rolling stock for the Berlin underground (U-Bahn) in Germany.

The contract, with Swiss rail vehicle manufacturer Stadler Rail, is worth several million Euros. It includes a number of SKF solutions ranging from wheel set bearings and axle boxes to lubrication systems. Over the more than 32-year duration of the contract, SKF will cover spares supply. The contract is covered by a performance agreement, which is measured against a set of KPIs to ensure high customer confidence.

"This contract will provide reliability and safety of spare parts over the entire period," says Thomas White, Key Account Manager for Railways at SKF. "This aims to reduce logistics efforts and raise reliability for both the train operator and Stadler Rail."

Under the agreement, SKF will service more than 606 rail carriages, to be built between 2022 and 2026. This may extend to a total of 1,500 carriages. Berlin U-bahn operator, Berliner Verkehrsbetriebe (BVG), has said that this is the largest vehicle purchasing programme in its history – with a budget of around €3 billion for up to 1,500 carriages.

Overall, the SKF contract will involve the supply and servicing of more than 12,000 wheelset bearings, among other services. The wheelset bearings are insocoated – so have a plasma coating to prevent electrical damage.

SKF’s long-standing relationship with Stadler, its ability to offer a broad service package and its technical expertise were key factors behind winning the contract. SKF was also involved in the very early phase of development – developing product solutions that were tailored to the customer’s needs.

The service contract aims to help to improve the reliability and uptime of trains on the U-Bahn.

SKF can support rail manufacturers to meet their RAMS (Reliability, Availability, Maintainability, and Safety) and LCC (Lifecycle Costing) responsibilities, a key factor in modern rail stock performance.

For further information, please contact:

Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

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https://news.cision.com/skf/r/skf-to-service-berlin-underground-carriages-in-long-term-agreement,c3397363

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