Tag Archives: TRN

PR Newswire

Autohome Inc. to Announce Fourth Quarter and Full Year 2020 Financial Results on February 2, 2021

Leave a comment

BEIJING, Jan. 26, 2021 — Autohome Inc. (NYSE: ATHM) ("Autohome" or the "Company"), a leading online destination for automobile consumers in China, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2020, before U.S. markets open on February 2, 2021.

Autohome’s management team will host an earnings conference call at 6:30 AM U.S. Eastern Time on Tuesday, February 2, 2021 (7:30 PM Beijing Time on the same day).

Dial-in details for the earnings conference call are as follows:

United States:

+1-855-824-5644

Hong Kong, China :

+852-3027-6500

Mainland China:

8009-880-563 / 400-821-0637

United Kingdom:

0800-026-1542

International:

+1-646-722-4977

Passcode:

38347400#

Please dial in ten minutes before the call is scheduled to begin and provide the passcode to join the call.

A replay of the conference call may be accessed by phone at the following numbers until February 8, 2021:

United States:

+1-646-982-0473

International:

+61-2-8325-2405

Passcode:

319339324 #

Additionally, a live and archived webcast of the conference call will be available at http://ir.autohome.com.cn.

About Autohome Inc.

Autohome Inc. (NYSE: ATHM) is the leading online destination for automobile consumers in China. Its mission is to enhance the car-buying and ownership experience for auto consumers in China. Autohome provides original generated content, professionally generated content, user-generated content, AI-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company’s dealer subscription and advertising services allow dealers to market their inventory and services through Autohome’s platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. Autohome operates its "Autohome Mall," a full-service online transaction platform, to facilitate transactions for automakers and dealers. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services. For further information, please visit www.autohome.com.cn.

For investor and media inquiries, please contact:

In China:

Autohome Inc.
Investor Relations
Anita Chen
Tel: +86-10-5985-7483
E-mail: ir@autohome.com.cn

The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
E-mail: autohome@tpg-ir.com

In the United States:

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

Related Links :

http://www.autohome.com.cn

PR Newswire

Ridesharing App OBHAI On WhatsApp – A First in Bangladesh

Leave a comment

DHAKA, Bangladesh, Jan. 26, 2021 — OBHAI, the home-grown ride-sharing company of Bangladesh is 1st among its peers to recognize the potential benefits of WhatsApp and its ease of access, which would benefit the user base from all walks of life, with the launch of its services on WhatsApp.

Ridesharing APP OBHAI ON WHATSAPP – A First in Bangladesh
Ridesharing APP OBHAI ON WHATSAPP – A First in Bangladesh

With 1.5 billion monthly active users around the globe, and 22% (around 40 Million) users in Bangladesh, social-media communication giant WhatsApp is being actively used as the primary communication platform in the country.

One can order OBHAI G (car), CNG (three-wheeler) or OBHAI Express (parcel) on WhatsApp. Commuters can save +8801313201222 in their address book as ‘OBHAI WhatsApp’. All one needs to do after that is to type ‘Hi’, following which customers can avail OBHAI’s services on WhatsApp. To book a ride, one just needs to type in the assigned number, click on send, after which users can gear up for a comfortable ride on OBHAI.

"WhatsApp OBHAI booking will help a lot of OBHAI users to simply order an OBHAI Gari, OBHAI CNG, and even order OBHAI Express services in few key strokes," said Anis Ahmed, Startup Founder, and Investor of Obhai Solutions Ltd.

OBHAI WhatsApp can be used by current OBHAI customers seamlessly, and all facilities including refund request, complaints, billing, reviewing ride history, and suggestions will be available within minutes from OBHAI call center representatives.

Furthermore, one can chat live with OBHAI agents for quick solutions. The AI service associated will also be monitored and maintained by the customer care agents of OBHAI.

Besides offering the most sophisticated communication service through WhatsApp, OBHAI will be able to cater to the smartphone users and passengers, taking into consideration those who do not have enough storage on their smartphones, improving their comprehensive lifestyle.

As Bangladesh marches forward towards a more sophisticated digital era, the masses are now more accustomed to having the world at the palm of their hands. As such, frequency of communication via social media platforms, the likes of Facebook, Viber, WhatsApp etc. are increasing significantly. Keeping the need and comfort of the citizens of Bangladesh in mind, OBHAI edged a step ahead and introduced its own WhatsApp service to complement its ride-sharing offerings, and to provide passengers a more personalized experience.

Since its inception in 2018, OBHAI has been providing 24/7 customer care support to its customers in 53 cities in Bangladesh, and to ensure a prompt support and utmost satisfaction, the ride-sharing company aims to deliver on its commitment via the cutting-edge WhatsApp service.

Media Contact:
Arif Mustafa
arif.mustafa@mghgroup.com
+8801754330994

 

Photo – https://mma.prnasia.com/media2/1425812/ridesharing_app_obhai.jpg?p=medium600

PR Newswire

Yiwugo Development Conference and 2020 Yiwugo Top 10 Vendors Award Ceremony was Successfully Held

Leave a comment

YIWU, China, Jan. 23, 2021 — Yiwugo.com, the official website of the Yiwu Commodity Market, which is the largest commodity wholesale market in the world, held the Yiwugo Development Conference & the 2020 Yiwugo Top 10 Vendors Award Ceremony on the afternoon of January 21 at Yiwu Marriott Hotel. Representatives at the conference discussed the paths of the transformation and upgrading of the physical wholesale market.

2020 Yiwugo Top 10 Vendors
2020 Yiwugo Top 10 Vendors

Top 10 Vendors are awarded, contributing to the development of their own brands

The Yiwugo Top 10 Vendors Award, which has been held for the 9th consecutive year, provided a platform for vendors in the Yiwu market to develop their own brands. Ten enterprises including Zhang Weichao Socks Firm, Beicheng Stationery Firm, Bole Stationery Firm, Shifeng Socks Firm, DuoAi Toy Firm, Yiwu Hanfan Ribbon Co., Ltd., Yiwu Mingcan Knitting Co., Ltd., XUPING JEWELRY, Yiwu Aishang Daily Necessities Factory, and Jinhua Lvkang Plastics Factory won the honorary title of "2020 Yiwugo Top 10 Vendors". This year the award of "Top 10 Broadcasters" was also launched for live-stream broadcasters. Zhang Weichao Socks Firm, which ranked first in the "Top 10 Vendors", was also the top winner of the "Top 10 Broadcasters".

Wholesale trade needs more flexible trading modes faced with the continuous shortening of the circulation chain

With the broader use of digital technology in the industry, the information flow and logistics have accelerated and shortened the commodity circulation chains to some extent. From the multi-level consumption and circulation chain featuring "manufacturer -> multi-level wholesaler -> retailer -> final consumer" in the past, to the emerging consumption model of "manufacturer -> final consumer", wholesale business requires more flexible trading methods. Faced with these changes, representatives at the conference and vendors participating in the conference learned about the new concepts brought by the "new wholesale modes" such as "online development of the offline market", "shortening the circulation chain", and "reshaping the trading scenarios", and explored how to improve business models and processes to keep up with the development of the time and seek further and better development.

Yiwugo has tried to launch cloud warehousing services to empower vendors as they enter a new era of wholesale

Faced with more flexible trading modes, vendors need more support and assistance to effectively transform their business models. Yiwugo has tried to adopt the Internet + warehousing intelligent management model to provide vendors with services of better quality at lower cost including warehousing management, drop-shipping, logistics transportation, and express delivery in response to the pain points facing vendors after receiving small retailing orders. By providing these services, Yiwugo helps more vendors accelerate the transition to a more flexible trading model, thus benefiting from the development.

PR Newswire

FIC, the CES 2021 Honoree, Intelligent AR HUD for Commercial Vehicle

Leave a comment

TAIPEI, Jan. 22, 2021 — In recent years, FIC (First International Computer) group focuses its core business in automotive electronic design, especially for car manufacturers and Tier 1, Tier 2 suppliers. After years of efforts, FIC has successfully developed full color laser beam scanning (FCLBS) technology for AR HUD product; and in early 2021, FIC was awarded as the CES 2021 Innovation Honoree. Mr. Alex Dee, the vice president of automotive electronic R&D department of FIC group, said: "many of the HUD products out there in the market today are built by applying TFT or DLP technology, and most of them will reduce the display clarity due to the influence of natural light, which will cause the driver’s eyes to be tired easily and the projected images become blur in some way. FCLBS technology is mainly designed to prevent from direct sunlight affecting the projected images, and through the automatic sensing system to detect environment light source and automatically adjust the projection brightness during driving. It gives drivers the most comfortable, clearest and safest imaging effect from any weather while driving.

FIC, the CES 2021 Honoree, Intelligent AR HUD for Commercial Vehicle
FIC, the CES 2021 Honoree, Intelligent AR HUD for Commercial Vehicle

In recent years, augmented reality technology has evolved from 2D images to 3D projection, which is integrated into our real life environment, bringing people diverse and different life experience and convenience. Similarly, when AR technology is applied to our daily driving, all data information of vehicle will no longer be limited just to the digital instrument cluster, or the advanced driver assistance system (ADAS), which will integrate with traffic environment in 3D virtual projection and directly display information on the windshield in front of the driver’s eyes, making driving safer and more convenient.

As the core technology of FIC AR HUD, FCLBS can still clearly project the AR images to 5-50 meters ahead on the road under strong sunlight, heavy rain and foggy situations, which becomes a new way of driver’s safety navigation warning path while driving. In addition, eye tracking technology has been applied into the FIC augmented reality head-up display system, so it can automatically track on drivers’ eyes and provide vehicle information like speed, navigation, traffic warning, forward collision detection, lane departure warning, pedestrian detection, traffic sign recognition and other important warning signals on the windshields in order to assist the drivers pay more attention on the road instead of looking down on the cluster upon driving, which gives more safety and convenient driving experience.

At the same time, when these messages are displayed through AR technology, the virtual images and the real traffic environment are integrated in 3D in order to provide the driver with clearer, safer and more convenient driving experience; even through the combination with ADAS technology, the driver can quickly response to any sudden situation such as pedestrians, objects, blind spots and dead corners around the vehicle as being a traffic safety reminder.

Hence, Alex believes FCLBS will become a significant core patented technology of FIC for future HUD product design and widely be embedded into electric and commercial vehicles starting from 2023.

Related Links :

Home

PR Newswire

Counting 100 SMARTShip® deployment and more

Leave a comment

SINGAPORE, Jan. 20, 2021 — Alpha Ori Technologies (AOT), the leading provider of maritime digital solutions, announced that they now have 100 ships on their SMARTShip™ platform. This achievement underscores SMARTShip’s key role in maritime digital revolution through the latest technologies such as industrial IoT, Cloud, Big Data and Machine Learning applications.


Speaking on the occasion Capt. Rajesh Unni the Co- CEO said, "Four years ago, a few of us embarked on a journey with a vision to transform the shipping industry and use technology to solve real world problems. Since then, it has been a steep learning curve, but we are proud to have launched a successful product that has seen rapid adoption in the market."

AOT has doubled the number of ships deployed with the SMARTShip platform and reached a milestone of 100 in just under a span of 6 months. There is a wide recognition of the SMARTShip platform and its benefits to ship owners and operators in the industry. AOT engineers are deploying SMARTShip globally, and have established local teams in Singapore, China, South Korea, Dubai, Japan, Europe and India to meet greater demand. 

AOT’s client Hirofumi Nara, Executive Officer at MOL Chemical Tankers Pte. Ltd shared: "We are excited to have SMARTShip installed on some of our MOL Chemical Tanker fleet. Leveraging on SMARTShip’s capabilities we are looking forward to transforming the way we operate ships by having real time access to data, analytics and insights, and making data driven decisions."

Existing customers of the SMARTShip platform are reaping benefits alongside cost savings and have shown confidence in the product by ordering deployment on additional ships. AOT has also announced a large pipeline of ships and expects to triple the number of ships on their SMARTShip platform in 2021.

About Alpha Ori

Founded in 2017, AOT is the maker of SMARTShip™, a digital platform with various applications in the field of fuel savings, predictive maintenance, hull efficiency and ShipPalm™, a ship ERP software. Its mission is to transform ships and all related parts of the logistics value chain to operate as a DIGITAL enterprise. 

www.alphaori.sg

Photo – https://techent.tv/wp-content/uploads/2021/01/counting-100-smartship-deployment-and-more.jpg

Related Links :

http://www.alphaori.sg

PR Newswire

Dada Group’s JDDJ Announces New Partnerships with More Than 20 Leading Regional Supermarket Chains in China

Leave a comment

SHANGHAI, Jan. 15, 2021 — Dada Group (Nasdaq: DADA) ("Dada" or the "Company"), China’s leading local on-demand delivery and retail platform, announced that Dada’s local on-demand retail platform, JD Daojia ("JDDJ") has accelerated its geographic expansion into lower-tier markets and established new partnerships with more than 20 regional supermarket leaders including Ouya Supermarket, Zhenhua Supermarket, Sanhe Supermarket, Zhebei Supermarket, Guihe Supermarket and Sifang Street in late 2020.

With the formation of these agreements, JDDJ have established partnerships with more than 2/3 of the Top 100 supermarket chains in China. In addition to signing new partnerships in 2020, JDDJ also strengthened existing partnerships with other leading retailers and grocers including Walmart, Yonghui Supermarket and CR Vanguard. JDDJ ranks first in market share for supermarket O2O platforms in China and has helped consumers across the country enjoy quality products and reliable one-hour delivery services.

JDDJ's posters at a Zhenhua Supermarket
JDDJ’s posters at a Zhenhua Supermarket

Huijian He, the Vice President of Dada Group, said, "The lower-tier market has become a major growth driver and an important part of our development strategy for JDDJ. The platform will continue to accelerate business expansion into lower-tier cities and establish partnerships with more of China’s top supermarkets and regional leaders to jointly develop the local on-demand retail market, bringing one-hour delivery to more consumers in lower-tier cities."

As of September 30, 2020, JDDJ’s local on-demand retail service covered approximately 1,200 cities and counties in China, and Dada Now, the local on-demand delivery platform, served more than 2,600 cities and counties. Leveraging its retail, logistics and digital empowerment capabilities, Dada Group has promoted digital transformation, empowering supermarkets and other retailers to help them achieve online-offline integration and improve sales. Since partnering with Dada in 2020, Ouya and Zhenhua have benefited greatly from their collaboration with Dada:

  • Ouya Supermarket: Dada’s Haibo system has also offered Ouya omni-channel digital solutions that integrate product management, user operation, fulfillment optimization, marketing events, and data boards. Moreover, Ouya’s membership service was launched on the JDDJ platform to synchronize the benefits of online and offline membership. To date, Ouya locations in Changchun, Jilin Province, have been integrated into JDDJ platform.
  • Zhenhua Supermarket: Dada and Zhenhua have collaborated on multiple initiatives including marketing events and product management. To date, Zhenhua’s stores in Qingdao and Yantai have been integrated on JDDJ and all stores in the Shandong Province, including those in Liaocheng, Weihai, Weifang, Linyi and Dongying, as well as stores in Hebei Province will launch on the platform by mid-2021.

Yuehua Shi, the General Manager of Zhenhua Supermarket, said, "Digitization is the prevailing trend of Chinese retail. Through JDDJ’s digital empowerment capabilities, Zhenhua Supermarket will further enhance its marketing campaign and product management, acquiring online users and achieving rapid growth through O2O channels. With our deep expertise in the market of Shandong Province, Zhenhua Supermarket looks forward to working with JDDJ to develop the local market and provide consumers with a more convenient on-demand 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."

Related Links :

http://imdada.cn

PR Newswire

Dada Group’s JDDJ Releases White Paper Discussing On-Demand Consumption of Mobile Phones

Leave a comment

More Than 6,000 Electronics Stores Launched on JDDJ as of December 2020

Mobile Phones Become One of the Most Important Opportunities in On-Demand Retail

BEIJING, Jan. 13, 2021 — Dada Group (Nasdaq: DADA) ("Dada" or the "Company"), China’s leading local on-demand delivery and retail platform, is pleased to announce that JDDJ’s Data Research Institute today released its 2020 White Paper, "On-demand Consumption of Mobile Phones." The White Paper states that as digital transformation brings new sales engines for electronics stores and establishes online service standards, mobile phones have become the category with the most potential in the field of on-demand retail, outside of fresh food and groceries.

JD Daojia ("JDDJ"), the local on-demand retail platform of Dada Group, collaborates with electronics stores to promote online purchases of mobile phones across the country. JDDJ achieved a new milestone at the end of 2020 with more than 6,000 online electronics stores and 150 partner dealers on the platform. As a result, the mobile phone category was the fastest-growing category for JDDJ in 2020.

Huijian He, the Vice President of Dada Group, said, "Mobile phones offer the most promising opportunities for growth in the age of on-demand retail. With the vision of ‘Bringing People Everything on Demand’, JDDJ has expanded its presence in lower-tier cities and seeks to collaborate with more electronics stores, bringing its convenient one-hour delivery service to a growing consumer base."

The White Paper notes that more than 90% of consumers choosing JDDJ are attracted by its one-hour delivery service. Consumers prefer JDDJ’s one-hour delivery rather than standard overnight or next day shipping options. To ensure the safety of high-value orders, Dada Now, the local on-demand delivery platform of Dada Group, selects specially qualified riders who have undergone training through the Dada Now smart logistics system.

Additionally, the average delivery time for mobile phones in 2020 was cut by 17% compared with 2019, with the fastest order was delivered in a mere 10 minutes. The combination of speed, security and steadily improved efficiency has resulted in high customer satisfaction, and 84% of consumers report being satisfied with the one-hour delivery service. The White Paper also notes that JDDJ has extended its mobile phone business to Harbin, Heilongjiang Province in the north;to Haikou, Hainan Province in the south; and to Lincang, Yunnan Provence in the west.

JDDJ and JD.com began their in-depth partnership to create an omni-channel fulfillment program in 2020, building an extensive online and offline retailing ecosystem for one-hour delivery. The partnership enables users who place an order on JD.com to receive the product from nearby stores on JDDJ’s platform and enjoy Dada Now’s home delivery service. The partnership has been successful so far, and according to JDDJ’s data, sales through JD’s omni-channel fulfillment program on 12.12 event were twice of that on 11.11 event in 2020.

"Dada Group is an important partner for JD’s omni-channel strategy," said Daniel Tan, President of JD Retail’s Mobile Business Unit. "JD Mobile and JDDJ have created a micro e-commerce shopping ecosystem that not only helps retailers improve their efficiency, but also gradually changes consumers’ online consumption habits. Together, we can harness the advantages of our combined supply chain logistics technologies and knowledge to get back to what’s most important in e-commerce: direct contact with consumers."

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."

Related Links :

http://imdada.cn

PR Newswire

Autohome Inc. Announces Board Changes

Leave a comment

BEIJING, Jan. 12, 2021 — Autohome Inc. ("Autohome" or the "Company") (NYSE: ATHM), the leading online destination for automobile consumers in China, today announced that Mr. Quan Long has been appointed as the successor to Mr. Min Lu to serve as a director and the chairman of the board of directors of the Company (the "Board"), the chairman of the nominating and corporate governance committee and the compensation committee of the Board, and the chief executive officer of the Company, effective immediately. Mr. Lu retired from his roles in the Company to explore new areas beyond office life.

Before joining Autohome, Mr. Long has held a series of leadership roles within Ping An Insurance (Group) Company of China, Ltd. (HKEX: 2318; SHA: 601318) since he first joined as a salesman in 1998, including as the assistant general manager, vice general manager and general manager of several provincial-level branches of Ping An Property & Casualty Insurance Company of China, Ltd. He has been serving as vice general manager of Ping An Property & Casualty Insurance Company of China, Ltd. since December 2018. In addition, Mr. Long has extensive experience in business management at leading internet companies, such as serving as the assistant general manager of Lufax Holding Ltd (NYSE: LU) in charge of insurance business between October 2015 and January 2017, as the senior director of Ant Group’s insurance business since February 2017, and as the director, general manager and chief executive officer of Cathay Insurance Company Limited between June 2017 and September 2018. The long career in insurance business, especially in the property and casualty insurance segment, has equipped Mr. Long with nuanced understanding and deep insight of the market segments and business operations along the value chain of the automobile industry. Mr. Long received his bachelor’s degree and master’s degree from Wuhan University of Technology.

The Board and the Company are greatly thankful for Mr. Lu’s long-term services and significant contributions to Autohome and wish him the best in his future endeavors. Under Mr. Lu’s leadership, Autohome has successfully grown from a content-led vertical media company to an integrated ecosystem that connects all participants in the auto industry, providing end-to-end products and solutions across the value chain. At the same time, the Board and the Company warmly welcome Mr. Quan Long and are confident that his demonstrated leadership skills, rich experience and deep insight in the internet sector and automobile sector, particularly in respect of the integration of online and offline business, will be of great value to the Company. The Board believes that Mr. Long will continue to drive the Company to the next level of success.

About Autohome Inc.

Autohome Inc. (NYSE: ATHM) is the leading online destination for automobile consumers in China. Its mission is to enhance the car-buying and ownership experience for auto consumers in China. Autohome provides original generated content, professionally generated content, user-generated content, AI-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company’s dealer subscription and advertising services allow dealers to market their inventory and services through Autohome’s platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. Autohome operates its "Autohome Mall," a full-service online transaction platform, to facilitate transactions for automakers and dealers. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services. For further information, please visit www.autohome.com.cn.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to 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, Autohome’s business outlook, Autohome’s strategic and operational plans and quotations from management in this announcement contain forward-looking statements. Autohome may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission ("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 Autohome’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: Autohome’s goals and strategies; Autohome’s future business development, results of operations and financial condition; the expected growth of the online automobile advertising market in China; Autohome’s ability to attract and retain users and advertisers and further enhance its brand recognition; Autohome’s expectations regarding demand for and market acceptance of its products and services; competition in the online automobile advertising industry; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Autohome’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Autohome does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For further information, please contact:

In China:

Autohome Inc.
Investor Relations
Anita Chen
Tel: +86-10-5985-7483
Email: ir@autohome.com.cn

The Piacente Group, Inc.

Jenny Cai
Tel: +86-10-6508-0677
E-mail: autohome@tpg-ir.com  

In the United States:

The Piacente Group, Inc.

Brandi Piacente
Tel: +1-212-481-2050
E-mail: autohome@tpg-ir.com

PR Newswire

Luokung Announces EMG Awarded Exclusive 2020 Golden Globe Award for its “HD Map” Functionality

Leave a comment

BEIJING, Jan. 11, 2021 — Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading interactive location-based services and big data processing technology company in China, today announced that the Company’s previously announced acquisition candidate, eMapgo Technologies (Beijing) Co., Ltd. ("EMG") was recently the sole recipient of the "2020 Golden Globe Award for HD Map" at the 4th Annual GGAI Conference held in Shanghai, China in December 2020. EMG, Continental, Bosch and other well-known automotive technology service providers won 2020 Intelligent Driving Golden Globe Awards.

The GGAI Conference serves as a symposium for intelligent vehicle developers and manufacturers, focused on industry trends within automation, intelligent cockpit, autonomous driving, and other innovations in the automotive industry. EMG’s CEO, Darwin Lu, was invited to provide the keynote speech to discuss trends and innovation in the sector.

EMG was recognized for its unique mapping capabilities and robust database has covering mainland China, Hong Kong and Macao with over 9-million-kilometer road networks and 80 million POIs. 

As previously announced, Luokung has engaged in a share purchase agreement to acquire 100% of EMG and announced that the two parties are currently in the process of closing the transaction.

Darwin Lu, CEO of EMG noted, "Over the past several years we have focused on developing an HD Map product with the capability of meeting the evolving infrastructure of the automobile industry in China and its surrounding regions. As further developments occur through the form of smart highway, IOV, and autonomous driving, we are able to provide rapid perception and early warning of traffic dangers, effective circulation of traffic information, intelligent road maintenance, as well as digital rescue in critical situations. We are pleased to have received this honor among several well-recognized peers, and were the only mapping technology company to receive this across a wide group of international competitors."

Mr. Lu concluded, "With the further development of autonomous driving, both EMG and Luokung are solely dedicated to leveraging our combined spatial-temporal and HD Map capabilities to improve our value proposition to manufacturers and consumers. EMG has become an important partner of Microsoft’s MCVP (Microsoft Connected Vehicle Platform) platform, and is recognized as a major participant and a technology leader in the construction of smart highways across China and Vehicle-to-everything (V2X) technology. We believe that these infrastructure changes represent the predecessor to the adoption of autonomous driving throughout China and feel that we are positioned well."

The GGAI Annual Conference is the largest annual industry, technology, and market exchange and interaction event in China’s automotive intelligent network industry chain. The event was held from December 15-17, 2020 in Shanghai, China. Conference participants included auto manufacturers, Tier 1 suppliers, and other industrial product and technical service providers in fields of smart cockpit, Internet of Vehicles, and autonomous driving. To evaluate the Golden Globe Award candidates, a list of eligible companies is included in each category, weighted on indicators including pre-installation production and future new technology innovation. A comprehensive evaluation is then based on the pre-installation production data monthly tracked by the Gaogong Intelligent Automobile Research Institute. Category winners are voted by industry practitioners, users and OEMs in two rounds. The final award indicators include pre-installation market mass production data/project pre-research and SOP (weighted as 70%), as well as customer reputation and market awareness (weighted as 30%).

About Luokung Technology Corp.

Luokung Technology Corp. is one of the global leading spatial-temporal big-data processing technology companies and a leading interactive location-based services company in China. It provides integrated DaaS, SaaS, and PaaS services for Internet and Internet of Things of Spatial-Temporal big data based on its patented technology. Based on geographic information systems and intelligent Spatial-Temporal big data, it establishes city-level and industry-level digital twin holographic data models to actively serve smart cities, intelligent transportation, smart industry, LBS. http://www.luokung.com

Business Risks and Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in 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", "target", "going forward", "outlook" and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

CONTACT:

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

INVESTOR RELATIONS
PureRock Communications Limited
Email: luokung@pure-rock.com

Related Links :

http://www.luokung.com

PR Newswire

Ritase Digitizing Container Services in Tanjung Priok

Leave a comment

JAKARTA, Indonesia, Jan. 11, 2021 — As part of the renewal of the national logistics ecosystem or National Logistic Ecosystem launched by President Jokowi, Ritase, is a pioneer in digitizing logistics in Indonesia that continues to make innovations for its stakeholders. Most recently, Ritase finished developing an integrated Trucking Haulage System with NPCT 1, one of the largest container terminal companies in Tanjung Priok, which can handle more than 1.5 million containers per year.

Suppliers & distributors can use Ritase platform as container & trucking order system.
Suppliers & distributors can use Ritase platform as container & trucking order system.

With a total of more than 300 transporters and 15,000 connected drivers, the Ritase application can serve online requests from trucks to enter and exit the port. This system will increase productivity and efficiency. Furthermore, this digital activity is also safer in the midst of the COVID-19 pandemic as all processes are integrated online and in real time.

"Ritase is ready to provide full support to all business players in Tanjung Priok, especially NPCT1 terminal users. Our system is integrated with ECON, NPCT1’s terminal online billing system, making it possible to access all processes on one platform. This is a breakthrough that will be able to shorten the process for NPCT1 shippers or consignees with traffic reaching more than 15,000 containers per week," said Ritase’s CEO & Founder, Iman Kusnadi. The booking process can be done through retail.ritase.com after registering a personal or company NPWP, an administrative requirement required by NPCT1. Ritase makes it easy for shippers who won’t have to bother with troublesome export and import processes anymore because everything is integrated with the Ritase application.

This system allows NPCT1 customers to access various services ranging from truck order management, real time track & trace containers, to E-document management (NPCT1 Gatepass). NPCT1 customers also have online digital access to customs clearance, payments and transactions with the terminal to pick up shipments or send containers to NPCT1, without having to travel to different offices to process or access multiple platforms.

Quoted from NPCT1’s press release on 6th January 2021, NPCT1 director Hudadi sees a good opportunity in this collaboration. "This collaborative resource also has a unique opportunity to explore and implement processes and further technological improvements. Our goal is to support global and regional sustainability as well as digital and physical connectivity, to offer the best current and future customer services and reliability," he said.

In addition to digitizing trucking haulage to the port in Tanjung Priok, Ritase offers B2B digital logistic ecosystems such as Marketplace, Software as a Service (SaaS), Supply Chain Financing, Retail, Business Innovation Solution to digital wallets for drivers. Currently Ritase serves national as well as multinational clients from various industries.

Visit www.ritase.com to join the most comprehensive B2B digital logistics ecosystem in Indonesia.

About Ritase

Established in 2018, Ritase is an Indonesian startup company that focuses on the B2B digital logistics ecosystem. Ritase uses a cloud-based platform enabling shippers and truck drivers to process shipments through logistics planning software with automation, efficiency and cost-effectiveness.

Ritase provides unique experiences and opportunities to reduce the number of empty trucks, increase transparency, cut waiting time, enable efficiency using transportation management software, supply chain financing, e-commerce, and the trucking marketplace.