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PR Newswire

BEST Inc. Announces Strategic Partnership with Sinolink Yongfu Asset Management

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  • As the initial step to the partnership, BEST has sold RMB517 million worth of assets related to its BEST Capital unit to Sinolink
  • Transaction will allow BEST to reinforce its balance sheet, enhance liquidity and allow a greater focus on its core businesses

HANGZHOU, China, March 12, 2021 — BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today announced that it has signed a strategic partnership agreement with Sinolink Yongfu Asset Management ("Sinolink"), a subsidiary of Sinolink Securities.

According to the agreement, the Company has initially sold RMB517 million worth of its assets pertaining to its external B2C truck leasing business to Sinolink. BEST is also expected to partner with Sinolink to explore further strategic initiatives in the future.

Gloria Fan, Chief Financial Officer of BEST Inc., said, "This transaction demonstrates our commitment to improve the Company’s balance sheet and enhance liquidity. Our partnership with Sinolink will optimize our cash flow and allow us to focus more resources on the growth of our core logistics businesses."

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/.

For investor and media inquiries, please contact:

BEST Inc. Investor relations team
ir@best-inc.com

The Piacente Group, Inc.
Yang Song
Tel: +86-10-6508-0677
E-mail: best@tpg-ir.com

The Piacente Group, Inc. 
Brandi Piacente 
Tel: +1-212-481-2050
E-mail:  best@tpg-ir.com

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 "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as BEST’s strategic and operational plans, contain forward-looking statements. BEST may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about BEST’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: BEST’s goals and strategies; BEST’s future business development, results of operations and financial condition; BEST ‘s ability to maintain and enhance its ecosystem; BEST ‘s ability to continue to innovate, meet evolving market trends, adapt to changing customer demands and maintain its culture of innovation; fluctuations in general economic and business conditions in China and other countries in which BEST operates, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in BEST’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and BEST does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Related Links :

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

PR Newswire

FORESEE Automotive eMMCs from Longsys Enhance Driver Assistance System Safety

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SHENZHEN, China, March 5, 2021 — Since the beginning of 2021, FORESEE brand from Longsys has launched industrial eMMCs, industrial wide-temperature eMMCs, and automotive eMMCs products that can meet the storage stability requirement of automobiles and perform ideally in ADAS.

In general, the advantages of FORESEE automotive eMMCs are their stability and safety. With their unique device status monitoring system, automotive eMMCs can greatly simplify host operations and also ensure that the host can use standard commands to check the operational status and lifetime of memory devices at any time. In this way, automotive eMMCs can continually monitor storage status, provide early warnings for any issues, and perform maintenance in a timely manner. This protects the device and the internal data, and improves the overall stability of the device. eMMCs are secure in that they are designed to operate in harsh environments. Industrial eMMCs can operate at temperatures between -25°C and -85°C. Industrial eMMCs, industrial wide-temperature eMMCs, and automotive eMMCs can even operate at temperatures ranging from -40°C to -85°C. FORESEE industrial eMMCs and automotive eMMCs also perform well in extreme or harsh environments such as those subject to static electricity and electromagnetic interference.

In addition to extensive applications in ADAS, the high-standard performance of industrial and FORESEE automotive eMMCs allow for them to be widely used in automotive, industrial, and commercial electronics, including: automotive central control, in-vehicle communication and smart home systems, industrial control platforms, medical electronics, and durable home appliances.

As a strong guarantee of automobile safety, ADAS quality must be second-to-none. Memory devices that affect ADAS stability must be tested under harsh environments. Only after ensuring that memory devices are both secure and reliable can they be installed in ADAS. Longsys FORESEE maintains high product standards in this regard and utilizes its ingenuity and technical prowess to produce highly reliable storage products. FORESEE will continue to keep up with the trends of the times and launch new products, all while maintaining excellent product quality. FORESEE will continue to help global customers seize opportunities with its innovative and high-quality products.

 

PR Newswire

Volvo Autonomous Solutions forms Partnership with Foretellix

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TEL AVIV, Israel, March 4, 2021 — Volvo Autonomous Solutions has signed an agreement with verification experts Foretellix to jointly address the challenges of large-scale verification of autonomous driving solutions on highways and confined areas, such as mines.

Volvo Autonomous Solutions has formed a partnership with Foretellix to jointly create a Coverage Driven Verification solution for autonomous driving solutions operating on both public roads and in confined areas. The solution will enable massive scale testing of millions of different scenarios, which will validate autonomous vehicles and machines dealing with anything they might encounter within their specified Operational Design Domain (ODD).

The partnership will focus on providing high levels of safety and productivity of Volvo Autonomous Solution vehicles and machines. The ability of the solution to orchestrate large scale simulation and conduct the big data analysis required will lead to a substantial reduction in costs and time to market, ensuring faster operational readiness and the ability to safely scale up the system across multiple sites and ODDs.

Intelligent automation and analytics tools

Foretellix is a pioneer in the commercialization of coverage-driven methodologies for automated driving systems verification. Foretellix developed a novel verification platform that uses intelligent automation and big data analytics tools that coordinate and monitor millions of driving scenarios, to expose bugs and edge cases, including the most extreme cases.

Volvo Autonomous Solutions will jointly adapt Foretellix’s verification system for both highways and confined area applications, such as mines and quarries.

Volvo Autonomous Solutions and Foretellix will use the Open Measurable Scenario Description Language (M-SDL) created by Foretellix. M-SDL simplifies the capture, reuse and sharing of scenarios, and can specify any mix of scenarios and operating conditions, to identify previously unknown hazards.

"Volvo Autonomous Solutions believes in a collaborative verification concept, one that uses open standards," says Magnus Liljeqvist, Global Technology Manager Volvo Autonomous Solutions. "The partnership with Foretellix gives us access to the state-of-the-art verification tools and accelerating our time to market."

"We are very proud to partner with Volvo Group. This partnership is a significant milestone for the industry as it is the first time that large scale Coverage Driven Verification will be used for verification of ADS in confined areas. Our partnership will combine the expertise of the two companies and set a new standard in the verification of automated driving systems, boosting both safety and productivity," says Ziv Binyamini, CEO and co-founder of Foretellix.

In 2020 both companies conducted a successful pre-study that evaluated the Foretellix portfolio and its potential value in confined areas.

For further information, please contact:
Anna Arbius, Head of Marketing & Communications, Volvo Autonomous solutions, +46 739022993.
volvoautonomoussolutions.com/news

Volvo Autonomous Solutions is a separate business area of the Volvo Group. Incorporated in January 2020, its mission is to accelerate the development, commercialization and sales of autonomous solutions for our defined segments in the on-road and off-road space. In such segments, autonomous transport solutions can create value for customers by contributing to improved flexibility, delivery precision and productivity.
Visit www.volvoautonomoussolutions.com.

Foretellix provides a revolutionary development lifecycle verification platform for enabling mass deployment of autonomous driving systems. Foretellix is using proven approaches from the semiconductor chip industry utilizing hyper automation, big data analytics and AI. The platform orchestrates and manages the massive scale of testing required to ensure safety, reduce development cost, and shorten time to market of ADS deployment.
Visit www.foretellix.com.

 

Related Links :

https://www.foretellix.com

PR Newswire

Mobility Leaders Prioritize Data Management, Protection, and Privacy While Enabling Users and Providers to Exchange and Monetize Their Most Valuable Digital Commodity

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Technology and mobility leaders like DENSO, Ford, and General Motors (GM) join forces with MOBI to co-create industry-wide blockchain-based standards that enable the secure exchange of data for a smarter mobility future

SINGAPORE, March 3, 2021 — What if cars could communicate with each other to avoid imminent crashes and use shared data to prevent future accidents while preserving the drivers’ privacy? What if you could use one app with a single payment platform to securely coordinate and integrate all of your daily commute needs? What if navigation apps need your permission to track your mobility preferences, or better yet, pay you? Mobility is becoming increasingly connected and intelligent, which in turn creates a nearly infinite amount of valuable data that, if shared securely, could save lives and improve mobility ecosystems at every level. Mobility Open Blockchain Initiative (MOBI) members, such as DENSO, Ford, and GM, are among many that teamed up to create standards for permissioning, validating, and sharing data in automation networks for connected mobility.

The MOBI Connected Mobility Data Marketplace (CMDM) Working Group releases standards today to enable a marketplace that could securely commodify mobility data and ensure data privacy for mobility users. The CMDM Standards include core services, logical schemas, and sensor identity/ownership certificates. These three components will enable frictionless data sharing to establish communication and collaboration between the data silos of Mobility Service Providers, while maintaining high standards of data privacy and security for all users.

"This framework gives mobility providers valuable guidance on how we can all work together to make transportation safer, smarter and more efficient," said Roger Berg, Vice President of North American Research and Development at DENSO. "Sharing data, securely and through common standards, can unlock a vast array of positive mobility outcomes, from accident reduction to privacy protection to improving traffic flow."  

The Working Group is co-chaired by DENSO and GM, with support from Accenture, AMO Labs, Cognizant, Constellation Network, Continental, CPChain, DMX, Fifth9, Filament, Ford, IBM, NuCypher, Ocean Protocol, RouteOne, ShareRing, Swedish Blockchain Association, and Toyota Insurance Management Solutions (TIMS).

Trust in data, its provenance, and chain of custody are essential for value creation in business ecosystems. Centralized databases, of the type that currently assign identities and rights on the internet, provide an attractive target for malicious actors and make networks vulnerable to attack and fraud, exposing individual and business data. Blockchain emerged as a solution to these issues and is being adopted by ecosystems such as connected mobility in order to securely share data and protect users’ data privacy.

"For connected mobility data to be efficiently shared, there must be a functioning marketplace for discovery, permission, exchange, and pricing," said MOBI Co-Founder and COO, Tram Vo. "The standards from the MOBI CMDM Working Group lay the foundation for a secure and viable market."

Maximizing passenger safety and transportation efficiency requires that vehicle-to-anything (V2X) data be shared and processed locally in near real-time at the "edge" of the network. Edge computing has been a large focus for the distributed computing community, and MOBI believes that the widespread growth of connected and autonomous vehicles represents one of the most exciting and impactful opportunities for a data marketplace, providing speed, cost savings, and new revenue opportunities.

The Working Group explored practical use cases that center around vehicle data generation, ensuring data provenance, and securely sharing data with peers (such as other vehicles and infrastructure). These use cases include:

  • V2X data exchange 
  • Geo-location cross validation
  • Multimodal trip planning through easy, interoperable, and secure sharing of data
  • Coordination between autonomous vehicles, big data, and edge computing that would increase traffic safety and efficiency

CMDM Standards are the first step to ensure data privacy in data exchange and efficient data marketplaces for mobility ecosystems. The standards do not prescribe governance models, but instead prescribe functionalities that can be applied to many governance models in a decentralized marketplace. All MOBI Standards are intended to be GDPR compliant. We do not prescribe specific aspects of GDPR and other privacy regulations such as California Consumer Privacy Act (CCPA), which are left up to the application developers. MOBI and its members hope that the CMDM standards, together with other MOBI standards for blockchain applications in mobility, will promote data privacy, reduce frictional inefficiencies, improve mobility services, and enable new business models.

About MOBI
MOBI is a nonprofit alliance of many of the world’s largest vehicle manufacturers, along with startups, NGOs, transit agencies, insurers, toll road providers, smart city leaders, and technology companies working to accelerate adoption and promote standards in blockchain, distributed ledgers, and related technologies.

MOBI is creating simple blockchain-based standards to identify vehicles, people, and businesses in order to securely exchange and monetize data, and pay for mobility services, with the goal of making transportation more efficient, affordable, greener, safer, and less congested.  MOBI itself is technology and ledger agnostic.  For additional information about joining MOBI, please reach out to Griffin Haskins (griffin@dlt.mobi) or visit www.dlt.mobi.

Media Contact:
Kelly Clark, MOBI Communications Manager
Email: Kelly@dlt.mobi | Twitter: @dltMOBI

Related Links :

https://www.dlt.mobi/

http://mobi

PR Newswire

Glory Star Develops In-Vehicle Interactive Content Application for New Energy Vehicles

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BEIJING, March 2, 2021 — Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading mobile and online digital media and entertainment company in China, today announced that its independently developed in-vehicle audio and video interactive content application (the "Application") for its CHEERS video platform has entered the internal testing stage of development. Once officially released, the Application will allow both drivers and passengers to access interactive audio and video content and services on the Company’s CHEERS video platform, to be made available through the global mainstream in-vehicle user interfaces of new energy vehicles.

The CHEERS video platform’s technical team developed the Application. The Application utilizes the Company’s AI smart recommendation engine to integrate with Glory Star’s content ecosystem and will be capable of providing users with an audio and video entertainment experience that is personalized, immersive, and diverse.

The development of in-vehicle interactive content is a very important part of the Company’s business strategy. Such development will provide both drivers and passengers with a more diverse set of in-vehicle internet services, create smarter driving experiences for users of the Application, and enhance users’ connections to the Company’s CHEERS platform. In addition, the development of in-vehicle interactive content will further expand the range of opportunities for mobile applications on the Company’s CHEERS video platform in the 5G era. With the iteration of new electronic equipment installed in new energy vehicles and the widespread adoption of the Internet of Vehicles, the market for in-vehicle interactive content has already displayed huge potential.

About Glory Star New Media Group Holdings Limited

Glory Star New Media Group Holdings Limited is a leading mobile entertainment operator in China. Glory Star’s ability to integrate premium lifestyle content, including short videos, online variety shows, online dramas, live streaming, its Cheers lifestyle video series, e-Mall, and mobile app, along with innovative e-commerce offerings on its platform enables it to pursue its mission of enriching people’s lives. The company’s large and active user base creates valuable engagement opportunities with consumers and enhances platform stickiness with thousands of domestic and international brands.

Safe Harbor Statement

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions  (or the negative versions of such words or expressions ) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; and other factors listed in the Company’s Annual Report on Form 10-K for the year ending December 31, 2019 and in other filings made by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.

Contacts

Glory Star New Media Group Holdings Limited
Yida Ye
Email: yeyida@yaoshixinghui.com

ICR LLC.
Sharon Zhou
Tel: +1 (646) 308-0546
Email: gsnm@icrinc.com

PR Newswire

X-Creator Challenge Opens for Global Submissions Centering on Intelligent Equipment Solutions for Emergency and Disaster Rescue

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XUZHOU, China, Feb. 26, 2021 — XCMG, leading construction machinery manufacturer (000425.SZ) has officially launched X-Creator Challenge, the third and upgraded edition of the "XCMG Cup" Green Innovation Design Competition, which is composed of two competition categories – intelligent road emergency equipment design and geological disaster rescue equipment design.

X-Creator Challenge Opens for Global Submissions Centering on Intelligent Equipment Solutions for Emergency and Disaster Rescue.
X-Creator Challenge Opens for Global Submissions Centering on Intelligent Equipment Solutions for Emergency and Disaster Rescue.

Both categories of the X-Creator Challenge call for groundbreaking equipment design ideas to aid emergency and disaster relief/rescue missions after earthquakes, landslides, mudslides as well as production accidents, especially utilizing intelligent technologies to save life in urgent situations. Modification suggestions under the two categories are also encouraged to submit for prize winning.

"In 2020 alone, natural disasters affected approximately 138 million people in China so quickly finding solutions to bottleneck problems in disaster relief and rescue is of the utmost importance. New technologies such as 5G, modularized multi-functional emergency rescue equipment, quick disassembly/assembly of equipment as well as remote control are undoubtedly the key to further development," said Xiaodong Xu, Deputy GM of XCMG Fire-fighting Safety Equipment.

Participants from around the world are now welcome to upload their designs online until June. In addition to financial awards and scholarships, first-prize winners will be given opportunities to carry out their project with universities or enterprises. Excellent contestants from the preliminary rounds may receive an interview invitation from XCMG, and exceptional winners may even receive offers to join the XCMG team.

X-Creator has set an industrial transformation funding pool totaling 10 million yuan (US$ 1.55 million). In addition to complete solution and equipment designs, excellent product and function optimization feedback submitted by international participants will also be considered for awards.

Launched in 2016, the XCMG Cup competition is part of XCMG’s 14 precisely positioned global public welfare projects and a major breakthrough of the traditional R&D model to promote technological innovation and encourage young talents to push forward the sustainable development of the industry.

Multiple concepts and innovative ideas from previous competitions have been applied in product design and development, including the compact low-noise, high-efficacy fan project from the first XCMG Cup, the multi-functional, green-powered small excavator design in the second year among others.

For more information about X-Creator Challenge, please visit: https://www.xcmgapprentice.com/ 

Related Links :

http://www.xcmg.com

PR Newswire

SEMI Applauds President Biden, Bipartisan Congressional Leaders for Supporting Semiconductor Supply Chain Incentives

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MILPITAS, Calif., Feb. 26, 2021 — SEMI, the industry association serving the global electronics design and manufacturing supply chain, today released the following statement from president and CEO Ajit Manocha on the support of funding incentives to expand U.S. semiconductor manufacturing and research by President Biden and a bipartisan group of members of Congress in a meeting at the White House on February 24, 2021.

"We thank President Biden and bipartisan congressional leaders for their support of incentives for U.S. semiconductor manufacturing and research. Enacting an investment tax credit and funding the programs authorized last year will help build needed semiconductor manufacturing capacity in the U.S. and reverse America’s declining share of global chip production. We look forward to working with the Biden administration and Congress on these and other policies to strengthen the semiconductor manufacturing supply chain that is the lifeblood of technology innovation driving countless societal and economic benefits worldwide."

SEMI strongly supported the CHIPS for America Act, which included a refundable investment tax credit (ITC) to build U.S. semiconductor manufacturing capacity, a Commerce Department program to provide grants to semiconductor manufacturing projects, and authorizations for significant new semiconductor research programs and funding. The Fiscal Year 2021 National Defense Authorization Act signed into law this January authorized the Commerce Department and semiconductor research programs in the CHIPS for America Act but failed to provide new funding. SEMI supports enactment of all three major pillars of the CHIPS for America Act, which together will promote U.S. semiconductor research and manufacturing.

Attending the meeting with President Biden were Sens. Cornyn (R-TX), Warner (D-VA), Baldwin (D-WI), Blackburn (R-TN), Braun (R-IN), Duckworth (D-IL), Hassan (D-NH), and Portman (R-OH); and Reps. Matsui (D-CA), McCaul (R-TX), and Joyce (R-PA).

About SEMI

SEMI® connects more than 2,400 member companies and 1.3 million professionals worldwide to advance the technology and business of electronics design and manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, devices, and services that enable smarter, faster, more powerful, and more affordable electronic products. Electronic System Design Alliance (ESD Alliance), FlexTech, the Fab Owners Alliance (FOA) and the MEMS & Sensors Industry Group (MSIG) are SEMI Strategic Technology Communities, defined communities within SEMI focused on specific technologies. Visit www.semi.org to learn more, contact one of our worldwide offices, and connect with SEMI on LinkedIn and Twitter.

SEMI Contact
Samer Bahou/SEMI
Phone: 1.408.943.7870
Email: sbahou@semi.org

 

Related Links :

http://www.semi.org

PR Newswire

BEST Inc. to Announce Fourth Quarter and Fiscal Year 2020 Financial Results on March 10, 2021

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HANGZHOU, China, Feb. 22, 2021 — BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020, after the U.S. market closes on Wednesday, March 10, 2021.

The Company will hold a conference call to discuss the financial results at 9:00pm U.S. Eastern Time on Wednesday, March 10, 2021, or 10:00am Beijing Time on Thursday, March 11, 2021.

Participants may access the call by dialing the following numbers:

United States:

+1-888-317-6003

Hong Kong:

800-963976 or +852-58081995

Mainland China:

4001-206115

International:

+1-412-317-6061

Participant Elite Entry Number:

9453989

A replay of the conference call will be accessible through March 17, 2021 by dialing the following numbers:

United States:

+1-877-344-7529

International:

+1-412-317-0088

Replay Access Code

10152635

Please visit the Company’s investor relations website http://ir.best-inc.com/ to view the earnings release prior to the conference call. A live and archived webcast of the conference call and a presentation will also be available at the same site.

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 create a smarter, more efficient supply chain in the new retail era by leveraging technology and business model innovation. For more information, please visit: http://www.best-inc.com/en/.  

INVESTOR AND MEDIA CONTACTS

BEST Inc.
Investor Relations Team
E-mail: ir@best-inc.com

The Piacente Group, Inc.
Yang Song
Tel: +86-10-6508-0677
E-mail: best@tpg-ir.com

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail:  best@tpg-ir.com  

 

Related Links :

http://www.best-inc.com/en

PR Newswire

Frost & Sullivan Shares Strategic Overview of Key Industries and Investment Opportunities in India by 2025

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Along with industry experts from NITI Aayog and Aditya Birla Group, Frost & Sullivan will discuss India’s economic development and fastest-growing sectors

SANTA CLARA, Calif., Feb. 19, 2021 — From a major economic crisis in 1991, India evolved to become the fastest-growing major economy in recent years. While Frost & Sullivan estimates an 8.8% contraction of its GDP for 2020-21, there are strong signs of rebound with a 10.5% expansion anticipated in 2021-22. India is expected to attain pre-pandemic GDP levels before key advanced economies in 2021, driven by factors such as a decline in COVID-19 case count, which should spur consumer and business confidence, and central bank liquidity measures.


Join Frost & Sullivan experts Sarwant Singh, Benoy CS, Kaushik Madhavan, Amol Kotwal, Sowmya Rajagopalan and Mukund Devnani for the upcoming webinar, "India in 2025: Key Industries and Investment Growth Opportunities," on Wednesday, Feb. 24, 2021, at 4:30 PM (IST). They will be joined by industry stalwarts Anil Srivastava, Principal Consultant & Mission Director at NITI Aayog, and Mudit Agarwal, Corporate Strategy & Business Development VP at Aditya Birla Group, to discuss key economic trends impacting India by 2025, the fastest-growing segments, boldest development themes, and investment options across industries.

For more information and to register for the webinar, please visit: http://frost.ly/58c.

This unique webinar will provide a window to the future and insights on:

  • Indian economic development trajectory to 2025
  • Top investment opportunities and fastest-growing sectors by 2025
  • How digitization and adoption of emerging technologies across businesses are propelling India’s growth
  • Factors that are fueling the rapid expansion of the chemicals sector
  • The future of healthcare in India
  • Trends and innovations driving the food and nutrition sector
  • Expansion of smart manufacturing and job creation in the country
  • The rapidly transforming Indian mobility sector, including automotive, supply chain, and logistics
  • The major industry developments in the Indian defense sector

This webinar will also be recorded and available on-demand at http://frost.ly/1ti.

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.

Press Contact:
Priya George,
Corporate Communications
M: +91 98403 55432; P: +91 44 6681 4414
E: priyag@frost.com

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PR Newswire

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

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

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

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

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

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

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

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

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

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

About Dada Group

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

About G-super

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

Related Links :

http://imdada.cn