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Optec Introduces MTP® PRO Fiber Assemblies to Provide Optimal Flexibility in Polarity and Gender Reconfiguration

Hong Kong, China, August 17, 2017 /ChinaNewswire.com/ – An Expanded Portfolio of High Density MTP/MPO Cabling Solution, the MTP#174; PRO Fiber Assemblies Hong Kong, August 16, 2017 – Optec Technology Limited, a leader of fiber termination and cabling solutions, announced the launch of its new MTP#174; PRO Fiber Assemblies, which extended the product portfolio with… Read More

Microsemi Collaboration Enables Mellanox and Other Industry Leaders to Deliver Innovative NVMe-oF Architectures

Hong Kong, China, August 17, 2017 /ChinaNewswire.com/ – Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, announced its collaboration with Mellanox Technologies, Ltd. (Nasdaq: MLNX), a leading supplier of high-performance end-to-end smart interconnect solutions for data center servers and storage systems, and Celestica, a global leader… Read More

TÜV Rheinland Insight: Crossing Access Barriers To Let More Chinese Vehicle Go Global

Hong Kong, China, August 15, 2017 /ChinaNewswire.com/ – Optimistic prospect in rebounding Chinese vehicle exports Connected transport creates prosperity in all sectors. In recent years, China’s vehicle industry has played an increasing role in national economy. Major Chinese automakers have also expanded their business abroad. Since the second half of 2016, Chinese vehicle exports have… Read More

Nordic Semiconductor release Bluetooth 5 pre-qualified, production-ready development solution for building Bluetooth 5 qualified products

Hong Kong, China, August 14, 2017 /ChinaNewswire.com/ – Ultra low power (ULP) RF specialist Nordic Semiconductor ASA today announces the immediate availability of their production-ready Bluetooth 5 software solution for the nRF52832 SoC, The S132 v5.0 and nRF5 SDK v14.0. This solution enables developers making high performance Bluetooth 5-ready products using the nRF52832 SoC. The… Read More

Microsemi Accelerates the Industry’s Transition to Enterprise PCIe SSDs With Production Release of its Mainstream Flashtec PCIe Controllers

Hong Kong, China, August 14, 2017 /ChinaNewswire.com/ – Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, announced the production release of its Flashtec#8482; NVM Express (NVMe) 2108 eight-channel controllers, enabling leading enterprises and data centers worldwide to realize cost- and power-efficient high capacity solid state drives… Read More

Lumina Networks Enters SDN Market

Hong Kong, China, August 8, 2017 /ChinaNewswire.com/ – Company Created to be the Catalyst for Open Software Networks to Eliminate Vendor Lock-in Lumina Networks, Inc. launched today in the software-defined networking (SDN) market, through its acquisition of assets associated with the SDN Controller product family from Brocade Communications Systems, Inc. Along with a leading SDN… Read More

Microsemi Announces New Switchtec PAX Advanced Fabric PCIe Switch to Accelerate Evolution of Hyperconverged Systems to Composable/Disaggregated Infrastructures

Hong Kong, China, August 8, 2017 /ChinaNewswire.com/ – Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, announced the availability of its Switchtec PAX advanced fabric Gen3 PCIe switch providing high-performance fabric connectivity for scalable, multi-host systems and just a bunch of flash (JBOF) supporting single root… Read More

REcoin Group is launching REcoin – the first ever cryptocurrency that is backed by real

Las Vegas, USA, July 28, 2017 /ChinaNewswire.com/ – REcoin is a new proprietary cryptocurrency designed for a broad range of financial transactions. It is backed by the most stable sector of the US economy, real estate. The 101REcoin Trust real estate portfolio is leveraged in USA, Canada, Japan, Great Britain, and Switzerland – countries with… Read More

Daqo New Energy to Announce Unaudited Second Quarter 2017 Results on August 8, 2017

CHONGQING, China, July 28, 2017 /PRNewswire/ — Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy” or the “Company”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that it plans to release its unaudited financial results for the Second Quarter of 2017 ended June 30, 2017 before the U.S. markets open on Tuesday, August 8, 2017.

The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on August 8, 2017 (8:00 PM Beijing / Hong Kong time on the same day).

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

Participant dial in (U.S. toll free):

+1-888-346-8982

Participant international dial in:

+1-412-902-4272

China mainland toll free:

4001-201203

Hong Kong toll free:

800-905945

Hong Kong local dial in:

+852-301-84992

 

Participants please ask to be joined into the Daqo New Energy Corp. call. Please dial in 10 minutes before the call is scheduled to begin.

You can also listen to the conference call via Webcast through the URL: http://mms.prnasia.com/DQ/20170808/default.aspx

A replay of the call will be available 1 hour after the conclusion of the conference call through August 15, 2017. The dial in details for the conference call replay are as follows:

U.S. toll free:

+1-877-344-7529

International dial in:

+1-412-317-0088

Canada toll free:

855-669-9658

Replay access code:

10111073

 

To access the replay using an international dial-in number, please select the link below.
https://services.choruscall.com/ccforms/replay.html

Participants will be asked to provide their name and company name upon entering the call.

ABOUT DAQO NEW ENERGY CORP.

Founded in 2008, Daqo New Energy Corp. (NYSE: DQ) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. As one of the world’s lowest cost producers of high-purity polysilicon and solar wafers, the Company primarily sells its products to solar cell and solar module manufacturers. The Company has built a manufacturing facility that is technically advanced and highly efficient with a nameplate capacity of 18,000 metric tons in Xinjiang, China. The Company also operates a solar wafer manufacturing facility in Chongqing, China. 

For more information about Daqo New Energy, please visit www.dqsolar.com.

For investor inquiries, please contact:

Daqo New Energy Corp.
Investor Relations Department
Phone: +86-187-1658-5553
Email: [email protected]

View original content:http://www.prnewswire.com/news-releases/daqo-new-energy-to-announce-unaudited-second-quarter-2017-results-on-august-8-2017-300495871.html

LKK Health Products Group Wins the First Employer Branding Creativity Award

SHANGHAI, July 28, 2017 /PRNewswire/ — On 21 July 2017, the Health Philosophy Program of LKK Health Products Group (LKKHPG) was honoured with the Best Employee Experience Award of the first Employer Branding Creativity Award in Greater China, which recognized LKKHPG’s creativity in improving employee health and well-being.

The competition was jointly held by renowned institutions in the industry, including HRoot, a leading human resource media company in China, and Top Employers Institute, a certification company that recognizes excellent employers globally. A total of 312 companies with 633 creative proposals enrolled. Eventually 40 companies including Tencent and Netease stood out from the fierce competition and won 11 respective awards.

LKKHPG’s Health Philosophy Program was launched in 2013, and since then has been gradually implemented during the subsequent four years, with the aim of enhancing health awareness of both employees and the general public. The program consists of a variety of inspiring events and activities. Many of them were held once annually, including health camps, hiking (participants could redeem their hiking miles for coupons to purchase tickets on China’s high-speed railways) and a photography competition where contestants compete by submitting the best photos depicting healthy dining, healthy living, exercise and positive emotions. With more than 10,000 registrants to date, the program has received unanimous compliment from the judging committee.

Webpage of the Four Habits Photography Competition of LKK Health Products Group

Webpage of the Four Habits Photography Competition of LKK Health Products Group

A spokesperson for the program explained, “We hope the program help enable our staff to develop awareness of the importance of health through participation, and encourage more people to join in healthy lifestyle. Many of our colleagues have managed to lose weight and become more energetic through walking 10,000 steps or more daily. In addition, events such as the Four Habits Photography Competition spread positive energy among the general public by means of social media platforms, like Facebook and WeChat. The wining photo received more than 40,000 likes.”

Mr. Harry Yeung, Senior Vice President of LKKHPG added, “Based on the core values of Si Li Ji Ren – considering collective benefits before acting – we always value employees as our most valuable assets. We are committed to employee health, which is instrumental in creating the unique advantages of our talent pool, reinforcing our employer brand and enhancing our core competitiveness.”

About LKK Health Products Group (www.lkkhpg.com)

LKK Health Products Group, a HK-based corporation, was established by the Lee KumKee Family in 1992. The Group operates diversified businesses in Chinese herbal health products, property investment, Chinese herbs plantation and trading, and venture capital for startups. The trademarks of the Group include “Infinitus”, “Tianfangjian”, and “Happiness Capital”.

Follow us on Facebook by searching for “lkkhpg”

Photo – https://photos.prnasia.com/prnh/20170727/1907156-1

Sunline Convenes Summit to Map Out Leading Companies Financial Future

Leading Banking Software and Technology Services Company discusses insights and trends to empower businesses to leverage on comprehensive financial technology solutions

SHENZHEN, China, July 28, 2017 /PRNewswire/ — Leading Banking Software and Technology Services Company, Sunline recently hosted the Sunline Global Financial Summit 2017 titled “Connect. Reinvent. Collaborate” at the InterContinental Shenzhen Hotel OCT from July 27-28, 2017.

More than 300 delegates comprising of IT and finance leaders convened at the financial summit that is centered on the rise of FinTech, digital banking systems and end-to-end functionalities which have caused a complete restructuring of the global innovation economy. The 2017 Global Sunline Financial Summit has allowed for opportunities and challenges for each delegate to discover the emerging impact, trends and challenges through shared by forward-thinking financial industry leaders and experts.

The summit also saw Sunline signing a joint venture agreement with Indonesia’s leading ICT infrastructure providers, MasterSystem to jointly ride the wave of financial technology development in the Indonesian market. Sunline’s strategic partners Tencent, Huawei and DaoCloud attended the event, and demonstrated their support to the ever-growing demand in the field of financial IT solutions.

The continuous development of technology in the information age along with the rapid development of science and innovation, financial technology to big data, cloud computing, artificial intelligence (AI), block chain, AR / VR and other technologies have disrupted the financial services industry. Market data indicates that Chinese mobile payments in 2016 were 50 times greater than those in the US due to the rapid adoption of “mobile payments”. As leading financial IT experts and driven with a purpose to make banking relevant, Sunline has over 15 years of experience in developing core banking systems spanning digital banking, securities, insurance, funds, asset management, internet finance and other financial technology services in the IT industry.  

During the financial summit, Mr. Wang Chang Chun, Chairman of Sunline, delivered a speech on the topic “Future Banking is Now – Unlocking New Opportunities with Innovation”. The financial delegates, together with Sunline, as well as other representatives used this opportunity to share insights on Insurtech, Commercial Bank Asset and Liability Management, Finance, Fintech vs Internet Finance, Financial AI, Financial Big Data, Mobile Finance, Block Chain technology and other wide-ranging topics that were well-received and formed a turning point on how enterprises can apply best practices and solutions to collaborate more effectively across finance focused models. For the first time in the industry the event brought topics such as how VR and AR could transform the future of the financial technology industry paired with case studies and effective solutions to provide end-to-end, flexible and fully integrated digital business solutions.  

Sunline for the past 15 years have actively responded to trends and innovative solutions, thus finding the drive to ride the financial technology wave – whether it is pioneering to eliminate any technological challenges or independently attaining IP rights to China’s first-generation JAVA based core banking systems. With mobile penetration outpacing desktop Internet usage, the mobile industry payment is poised for growth, thus resulting in demand for comprehensive adaptable IT solutions in the form of mobile apps such as WeChat, PC and mobile banking to online financial platform services and risk management. In this regard, Sunline has already deployed features and tools that have help to grow and transform 400 financial institutions both local and globally.

The construction of the digital banking systems has allowed for Sunline Group to receive recognition on all fronts starting with “IDC China FinTech Pioneer Top 25”, “China’s Top 100 Software Vendor”, “Forbes China 2017 Top 100 Potential Listed Companies” and “Top 10 Leading IT Service Provider In The Financial Industry” among others.

With a single-minded focus strategy, Sunline has expanded to Hong Kong, through the establishment of investments, mergers and acquisitions and other forms of integration, to create seamless product developments, sales, delivery, operation and management under one roof. One of the main company’s focus is to expand its professional services and cover the core banking financial technology systems in line with international standards and expanding P2P lending systems to other international markets.

Chairman of Sunline, Wang Chang Chun said that having been in the financial technology industry for the last 15 years, the group has accumulated a deep sense and commitment to the financial technology industry relying on the company’s legacy, values and synergy. Combined with the velocity of change in the financial industry, the potential to ride the future of technology is promising.

“Enterprises will seek to reinvent their solutions by integrating the latest technology trends and the industry best practices to ensure high quality innovative financial services to battle with the competitive market. As such, Sunline will continue to uphold its mission to create value for customers and to strive for customer-centric concept to deliver financial services in a comprehensive and secure manner,” added Mr. Wang.

For more details, kindly log on to: http://www.sunline.cn/.

About Sunline

Established since 2002, Sunline is the leading banking software and technology services company in China, headquartered in Shenzhen. Over the past decade, Sunline has constantly reinvented its solutions by integrating the latest technology trends with the industry best practices to ensure the innovative nature, completeness and effectiveness of its financial IT solutions.

Publicly listed in year 2012 and ranked in 2017 Forbes China Top 100 Potential Enterprises, Sunline has more than 3,000 employees worldwide serving more than 400 banking and finance customers in China.

XCMG’s Global Excellent Operator program highlights intelligent technology

XUZHOU, China, July 27, 2017 /PRNewswire/ — Global leading manufacturer XCMG has kicked start the fourth Global Excellent Operator program (the “Program”) at the XCMG Technician College, a total of 71 trainees from nine countries have joined the series of training sessions led by experienced experts and instructors.

Trainees from nine countries have joined a series of training sessions led by experienced experts and instructors of XCMG.

Trainees from nine countries have joined a series of training sessions led by experienced experts and instructors of XCMG.

In addition to the classic training courses such as simulated operation and component assembly training, the fourth Program has shifted the focus to intelligent technologies in the construction machinery. The trainees visited XCMG’s two smart manufacturing bases of loader and concrete machineries and gained deep understandings of the XCMG quality.

“The trainees of this session will experience XCMG’s smart and integrated training system, manufacturing system in the internet era. We wish that they could be inspired by XCMG’s ‘craftsmanship and innovation’ attitude and persistent pursuit, witnessing our company’s strength in smart manufacturing and world-class quality,” said Wang Min, chairman of XCMG.

The Program features three classes of loader operation, pump truck operation and overseas service engineer with durations of eight to 25 days. XCMG has designed customized training models for all trainees that include corporate culture orientation, theory teaching, field practice, exchange forum with industry experts and special experience activities.

The international trainees who have enrolled in this session come from Canada, Mongolia, Uganda, Kenya, Myanmar, Bangladesh, Indonesia and United Arab Emirates. XCMG prepared additional team building and cultural experience activities to introduce the history, culture and folk customs of Xuzhou while making new friends.

“Here is a fine tuned XCMG, everywhere reflects the fine management of XCMG in characteristic culture, humane care, and staff with good professional quality,” said Issac Muisyo, an overseas service engineer trainee from Kenya.

The Program is part of XCMG’s 14 precisely positioned projects in the “For Better Life” global public welfare campaign which has benefited 303 trainees worldwide, including 149 operators and 156 international service engineers. XCMG has also worked with 54 overseas dealers and local vocational colleges to host 76 product maintenance skill workshops per the company’s commitment to education.

About XCMG

XCMG is a multinational heavy machinery manufacturing company with a history of 74 years. It currently ranks ninth in the world’s construction machinery industry. The company exports to more than 177 countries and regions around the world.

For more information, please visit: www.xcmg.com, or XCMG pages on FacebookTwitterYouTubeLinkedIn and Instagram.

Photo – https://photos.prnasia.com/prnh/20170727/1908193-1

Pingtan Marine Enterprise Announces Agreement with JD.com to Serve as Sole Supplier of Fishing Products to Online Customers

FUZHOU, China, July 27, 2017 /PRNewswire/ — Pingtan Marine Enterprise Ltd. (Nasdaq: PME), (“Pingtan,” or the “Company”) a global fishing company based in the People’s Republic of China (PRC), today announced that the Company has entered into a strategic cooperation framework agreement (the “Agreement”) with JD.com, China’s largest retailer.

Mr. Xinrong Zhuo, Chairman and CEO of Pingtan Marine Enterprise Ltd. (PME) signed the Agreement with Mr. Xiaosong Wang, President of JD Fresh Food
Mr. Xinrong Zhuo, Chairman and CEO of Pingtan Marine Enterprise Ltd. (PME) signed the Agreement with Mr. Xiaosong Wang, President of JD Fresh Food

Pursuant to the Agreement, JD will become the exclusive online retailer for Pingtan to sell its fishing products, and the Company will serve as JD’s sole supplier for ribbonfish, tiger prawn and conger eel products harvested from the Arafura Sea, the Bay of Bengal and the Indo-Pacific Waters. JD and Pingtan will work together on the continuous innovation of the online seafood retail business model to achieve enhanced marketing and continued growth.

Mr. Xinrong Zhuo, Chairman and CEO of the Company, commented, “We are excited to partner with China’s e-commerce giant JD, and become its exclusive sole supplier of categories of fishing products which are also Pingtan’s major harvest from our fishing territories. We believe the strategic cooperation with JD will establish a great step forward in our development into the food consumer market. JD’s vast online retail channel will enable us to distribute our products in a more expedited and inexpensive manner, which further drives the Company’s rapid expansion in online food ordering, enhances the influence of the Company and our products and builds up the brand awareness of Pingtan.  We look forward to working with JD.com closely to further explore the online seafood retail business model and provide healthy deep ocean seafood products to consumers across China.”

About JD.com, Inc.

JD.com is both the largest e-commerce company in China, and the largest Chinese retailer, by revenue. The company strives to offer consumers the best online shopping experience. Through its user-friendly website, native mobile apps, and WeChat and Mobile QQ entry points, JD offers consumers a superior shopping experience. The company has the largest fulfillment infrastructure of any e-commerce company in China. As of March 31, 2017, JD.com operated 7 fulfillment centers and 263 warehouses covering 2,672 counties and districts across China, staffed by its own employees. JD.com is a member of the NASDAQ100 and a Fortune Global 500 company.

About Pingtan

Pingtan is a global fishing company engaging in ocean fishing through its subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd., or Pingtan Fishing.

Business Risks and Forward-Looking Statements

This press release may contain forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements can be identified by the use of forward-looking terminology such as “believe,” “expect,” “may,” “will,” “should,” “project,” “plan,” “seek,” “intend,” or “anticipate” or the negative thereof or comparable terminology and include statements about the Company’s strategic cooperation with JD. Although forward-looking statements reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by us. Consequently, forward-looking statements are inherently subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in or anticipated by the forward-looking statements.  Risks include  the ability to successfully market, sell and distribute our products on JD’s e-commerce platform, including unanticipated delivery issues; anticipated growth and growth strategies; need for additional capital and the availability of financing;  our ability to successfully manage relationships with customers, distributors and other important relationships;  technological changes;  competition;  demand for our products and service the deterioration of general economic conditions, whether internationally, nationally or in the local markets in which we operate;  legislative or regulatory changes that may adversely affect our business;  operational, mechanical, climatic or other unanticipated issues that adversely affect the production capacity of the Company’s fishing vessels and their ability to generate expected annual revenue and net income, and other risk factors contained in Pingtan’s SEC filings available at www.sec.gov, including Pingtan’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Pingtan undertakes no obligation to update or revise any forward-looking statements for any reason.

COMPANY CONTACT:
Roy Yu
Chief Financial Officer
Pingtan Marine Enterprise Ltd.
Tel: +86 591 8727 1753
[email protected]

Johnny Zhang
IR Manager
Pingtan Marine Enterprise Ltd.
Tel: +86 591 8727 1753
[email protected]

Maggie Li
IR Deputy Manager
Pingtan Marine Enterprise Ltd.
Tel: +86 591 8727 1753
[email protected]

INVESTOR RELATIONS COUNSEL:
The Equity Group Inc.
Katherine Yao, Senior Associate
Tel: +86 10 6587 6435
[email protected]

View original content with multimedia:http://www.prnewswire.com/news-releases/pingtan-marine-enterprise-announces-agreement-with-jdcom-to-serve-as-sole-supplier-of-fishing-products-to-online-customers-300495173.html

500.com Limited to Report Second Quarter 2017 Financial Results on July 28, 2017

SHENZHEN, China, July 27, 2017 /PRNewswire — 500.com Limited(NYSE: WBAI) (“500.com” or the “Company”), a leading online sports lottery service provider in China, today announced that it will release its financial results for the second quarter ended June 30, 2017 before the open of U.S. markets on Friday, July 28, 2017.

About 500.com Limited

500.com Limited (NYSE:WBAI) is a leading online sports lottery service provider in China. The Company offers a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to its users. 500.com was among the first companies to provide online lottery services in China, and is one of two entities that have been approved by the Ministry of Finance to provide online lottery sales services on behalf of the China Sports Lottery Administration Center, which is the government authority that is in charge of the issuance and sale of sports lottery products in China.

Safe Harbor 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.

For more information, please contact:

500.com Limited
[email protected]

Christensen

In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: [email protected]

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: [email protected]

View original content:http://www.prnewswire.com/news-releases/500com-limited-to-report-second-quarter-2017-financial-results-on-july-28-2017-300495087.html

TAL Education Group Announces ADS Ratio Change

BEIJING, July 27, 2017 /PRNewswire/ — TAL Education Group (“TAL” or the “Company”) (NYSE: TAL), a leading K-12 after-school tutoring services provider in China, today announced that it will change its American depositary share (“ADS”) to Class A common share (“Share”) ratio from one (1) ADS representing two (2) Shares to three (3) ADSs representing one (1) Share. The Company will file an amendment to its registration statement on Form F-6 and a registration statement on Form F-6 (collectively, the “Form F-6”) with the Securities and Exchange Commission (the “SEC”) to reflect the change in the ADS ratio. The Company anticipates that the change in the ADS ratio will be effective on August 16, 2017, subject to the SEC having declared the Form F-6 to be effective on or before that date.

Holders of TAL ADSs of record as of the close of business on August 8, 2017 will receive five (5) additional ADSs for every one ADS held on that date. For TAL’s ADS holders, this ratio change will have the same effect as a 6-for-1 ADS split.

The ADS ratio change will have no impact on TAL’s underlying Shares. Furthermore, no action by ADS holders is required to effect the ratio change.

About TAL Education Group

TAL Education Group is a leading K-12 after-school tutoring services provider in China. The acronym “TAL” stands for “Tomorrow Advancing Life,” which reflects our vision to promote top learning opportunities for Chinese students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive tutoring services to students from pre-school to the twelfth grade through three flexible class formats: small classes, personalized premium services, and online courses. Our tutoring services cover the core academic subjects in China’s school curriculum including mathematics, English, Chinese, physics, chemistry, and biology. The Company’s learning center network includes 507 physical learning centers as of February 28, 2017, located in 30 key cities in China: Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Wuhan, Xi’an, Chengdu, Nanjing, Hangzhou, Taiyuan, Zhengzhou, Chongqing, Suzhou, Shenyang, Jinan, Shijiazhuang, Qingdao, Changsha, Luoyang, Nanchang, Ningbo, Wuxi, Fuzhou, Hefei, Changchun, Guiyang, Xiamen, Lanzhou and Dalian. We also operate www.jzb.com, a leading online education platform in China. Our ADSs trade on the New York Stock Exchange under the symbol “TAL.”

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. Statements that are not historical facts, including statements about TAL’s beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and TAL does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Mei Li
Investor Relations
TAL Education Group
Tel: +86 10 5292 6658
Email: [email protected]

Caroline Straathof
IR Inside
Tel: +31 6 5462 4301
Email: [email protected]

View original content:http://www.prnewswire.com/news-releases/tal-education-group-announces-ads-ratio-change-300495103.html

SMMT: UK Car Output Falls Following Long Period of Record Growth as China Remains UK Auto’s Third Biggest Trading Partner

LONDON, July 27, 2017 /PRNewswire/ —

  • UK car production falls -2.9 in first half of 2017 to 866,656 units, as production lines gear up for new premium models.
  • First half performance declines -2.9% to 866,656 units.
  • Global demand drives volumes in first six months, with 78.9% of British-built cars shipped overseas and year on year demand broadly stable at -0.9%.
  • Independent report forecasts sector will just miss 2 million production milestone by 2020.
  • China remains UK Auto’s third biggest trading partner, with 47,830 people buying British, despite -6.4% decline as sector adjusts to new regulation.

UK car production fell by -2.9% in the first half of 2017, with 866,656 cars rolling off production lines, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). The small drop in output, which still makes the first six months the second biggest for 12 years, follows changes in production schedules for new model introductions.[1]

Production for export continued to drive volumes in 2017 as global demand for British-built cars dipped by a marginal -0.9% in the first six months, with 683,826 cars shipped overseas. The percentage of cars built for export now stands at 78.9%, the highest for five years.[2] Meanwhile, demand from the home market declined -9.5% to 182,830 units as the UK new car market cools in line with forecasts following a long period of record growth.

Production is forecast to rally in the second half of 2017, according to the latest independent forecast.[3] The projection is based on a number of new models and updates planned for production later this year – many from premium brands, helping to cement the UK as the world’s second biggest producer of premium cars after Germany.[4] However, market softness both in the UK and certain key export markets may see the 2017 forecast revised. Looking further ahead, the base outlook with an interim Brexit deal secured, has been revised and the analysis forecasts industry will just miss the ambition of 2 million cars by 2020 (1,993,750).

In the first six months, global demand grew in a number of markets, notably the US – the UK’s biggest export region after the EU – where exports rose by more than a third (37.6%) thanks to the launch of a raft of new models. US buyers now account for around one in six of all UK car exports.

Sales in China fell -6.4% as the automotive sector adjusted to changes in regulation governing new car imports. However, the country remains the UK’s third biggest global market, behind the EU and US, and by far the biggest single market in Asia. In the first half of 2017, almost 48,000 Chinese buyers chose one of the UK’s premium and luxury cars, taking 7.0% of all exports.

The EU remained the UK’s biggest trading partner, accounting for more than half of all cars produced for export (54.6%), with Germany and Italy the UK’s second and third biggest single markets. In fact, EU countries make up half of UK Automotive’s top 10 export destinations, highlighting the importance of continued free trade.

Mike Hawes, Chief Executive, SMMT, said, “World class engineering and products, strong government collaboration and massive investment have helped UK Automotive become a global success story and one of the world’s most skilled workforces have helped make UK Automotive among the most productive places to build cars. Given the highly integrated nature of the global automotive sector, it is vital we maintain open trade with our customers and suppliers for the benefit of consumers worldwide. China remains a vitally important partner for the UK, with both sectors investing significantly in each other’s countries. Strengthening this relationship through mutually beneficial trade agreements has the potential to unlock huge opportunities for our respective industries and economies.”

Car manufacturing

Jun-16

Jun-17

% Change

YTD-16

YTD-17

% Change

Total

158,641

136,901

-13.7%

892,384

866,656

-2.9%

Home

35,252

29,631

-15.9%

202,018

182,830

-9.5%

Export

123,389

107,270

-13.1%

690,366

683,826

-0.9%

% export

77.8%

78.4%

77.4%

78.9%

Notes to editors  

1. A record 897,157 cars produced January-June 2016; 873,660 in H1 2004

2. 82.7% of UK-built cars exported January-June 2012

3. The Production Outlook is an independent forecast of UK vehicle manufacturing commissioned from AutoAnalysis. It is updated up to four times a year to respond to market and production cycle fluctuations. The latest report, produced in May, forecasts 1.92 million units for 2017

4: New and updated models include: Range Rover Velar; Nissan Qashqai (facelift); Aston Martin Vantage; Jaguar XF Sportbrake; Aston Martin V8 Vantage; Lotus Evora 400 Roadster

About SMMT and the UK automotive industry  

The Society of Motor Manufacturers and Traders (SMMT) is one of the largest and most influential trade associations in the UK. It supports the interests of the UK automotive industry at home and abroad, promoting a united position to government, stakeholders and the media. 

The automotive industry is a vital part of the UK economy accounting for more than £77.5 billion turnover and £21.5 billion value added.

More detail on UK automotive available in SMMT’s Motor Industry Facts 2017 publication at http://www.smmt.co.uk/facts17.

51job, Inc. Schedules Second Quarter 2017 Earnings Release and Conference Call on August 3, 2017

SHANGHAI, July 27, 2017 /PRNewswire/ — 51job, Inc. (Nasdaq: JOBS) (“51job” or the “Company”), a leading provider of integrated human resource services in China, announced today that it will release unaudited financial results for the second quarter ended June 30, 2017 after the market closes on Thursday, August 3, 2017.

The Company’s management will hold a conference call at 9:00 p.m. Eastern Time on August 3, 2017 (9:00 a.m. Beijing / Hong Kong time zone on August 4, 2017) to discuss its second quarter 2017 financial results, operating performance and business outlook. To dial in to the call, please use the following telephone numbers:

US:

+1-888-346-8982

International:

+1-412-902-4272

Hong Kong:

800-905945

China:

4001-201203

Conference ID:

51job

The call will also be available live and on replay through 51job’s investor relations website, http://ir.51job.com.

About 51job

Founded in 1998, 51job is a leading provider of integrated human resource services in China. With a comprehensive suite of HR solutions, 51job meets the needs of enterprises and job seekers through the entire talent management cycle, from initial recruitment to employee retention and career development. The Company’s main online recruitment platforms (http://www.51job.com, http://www.yingjiesheng.com, and http://www.51jingying.com), as well as mobile applications, connect millions of people with employment opportunities every day. 51job also provides a number of other value-added HR services, including business process outsourcing, training, professional assessment, executive search and compensation analysis. 51job has a call center in Wuhan and a nationwide sales office network spanning 25 cities across China.

Contact:

Linda Chien
Investor Relations
51job, Inc.
+86-21-6879-6250
[email protected]

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GCL-SI Signs Cooperation Agreement with IBC SOLAR

SUZHOU, China, July 27, 2017 /PRNewswire/ — GCL System Integration Technology Co. Ltd. (GCL-SI), (Shenzhen: 002506), a subsidiary of world-leading energy group GCL, is entering a business partnership with IBC SOLAR in Germany, a global leader in photovoltaic (PV) systems and energy storage. This marks a further step that GCL-SI is exploring the European markets by providing the local markets with its solar modules.

Per agreement, GCL-SI will deliver 60 megawatt polycrystalline solar modules to the system house from Upper Franconia before the end of the year. The first batch of solar modules will arrive in September. The modules delivered to the European markets will be produced at its factory in Vietnam.

IBC SOLAR is a leading global provider of photovoltaic and energy storage solutions and services. As a project developer and general contractor, IBC SOLAR implements and markets major solar projects worldwide. It has currently implemented photovoltaic systems with an output of over 3 gigawatts globally and guarantees the highest quality of all its projects.

The partnership implies further recognition from IBC SOLAR of GCL-SI’s production quality. “IBC SOLAR has always put great importance on quality products. That’s why we are pleased to have found a new partner in the module sector in GCL that meets our high standards,” says Sebastian Geier, Director Product Management and Development at IBC SOLAR.

Philipp Matter, President Europe and Managing Director of GCL Systems Integration Technology GmbH in Munich adds: “The reliability and quality of our modules is of paramount importance to us. We are proud to supply our products to one of the leading system houses and in doing so to continue to promote the turnaround in energy policy. We hope to build a greener future for the European society with our products and other initiatives.”

In the morning of July 27th in Vietnam, GCL-SI just held a ceremony to kick off its module production in Vietnam. This marks that GCL-SI already has the capability to meet the further demands of the European and U.S. markets and regularly provides its high-quality solar products.

About GCL-SI

GCL System Integration Technology Co., Ltd. (002506 Shenzhen Stock) (GCL-SI), is part of the GOLDEN CONCORD Group (GCL). GCL-SI delivers a one-stop, cutting-edge, integrated energy system and is committed to becoming the world leading solar energy company.

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Goodbaby International Holdings Limited Announces Acquisition of Oasis Dragon Limited from Goodbaby China Holdings Limited

Successful Evolution into a Globally Leading MBC Brand Company by Broadening its Product Portfolio and Strengthening its Penetration and Capturing Growth in China’s MBC Products Market

HONG KONG, July 27, 2017 /PRNewswire/ — Goodbaby International Holdings Limited (“Goodbaby International” or the “Company”, SEHK stock code: 1086, together with its subsidiaries, the “Group”), an international, vertically-integrated durable juvenile products company headquartered in China, is pleased to announce the acquisition of the Target Group, directly and wholly owned by Goodbaby China Holdings Limited, at a consideration of US$360,000,000 (equivalent to approximately HK$2,812,176,000).

On 24 July 2017, the Group entered into an agreement to purchase the entire issued share capital of Oasis Dragon Limited (“Oasis Dragon” or “Target Group”), where its core businesses consists of: (i) the product development, brand management and distribution of leading self-owned brands in maternity and baby-care products and apparel products; and (ii) one of the largest retail networks for MBC products in China, and a leading omni-channel sales platform that provides customers with its self-owned brands in maternity and baby-care products, apparel products and the Group’s durable juvenile products.

The consideration for the acquisition is US$360,000,000 (equivalent to approximately HK$2,812,176,000), subject to adjustment. It will be satisfied as to US$120,485,816 (equivalent to approximately HK$941,187,000) by the payment of the cash consideration and as to the balance by the allotment and issue of the consideration shares, being 536,100,000 new shares, at the issue price credited as fully paid.

The Target Group designs, develops and distributes maternity and baby-care products and babies and children apparel products under the self-owned brands of “gb” and “Family by GB” and has a well-established omni-channel retail sales platform. According to the Frost & Sullivan Report commissioned by the Group, the Target Group was a leading brand in China’s non-durable MBC products market by retail sales value in 2016, primarily attributable to strong product development capabilities coupled with well-established online and offline channels to distribute its products. The Target Group owned a comprehensive and highly penetrated online and offline retail network under self-owned brands comprising over 11 self-operated online and online key accounts’ retail platforms, 182 online third party retailers, 977 self-operated stores located in shopping malls and department stores covering 148 cities in China as of 30 April 2017.

Since its listing, the Group has been focusing its business on the durable juvenile products and successfully transformed from an OEM-driven company into a multi-brand, global leading durable juvenile products company. Such achievements were the results of the successful acquisition of “Cybex” and “Evenflo” in 2014. The combination of the Group and the Target Group represents a unique opportunity for the Group to further implement its one-dragon, vertically integrated business model by broadening the Group’s product portfolio, improving growth and profitability, further strengthening its penetration and capturing the growth opportunity in China’s MBC products industry with self-operated retail network and ultimately interacting directly with end-customers.

Secondly, the Group has enjoyed leading market share globally for durable juvenile products with particular strengths in strollers and car seats. The Target Group conversely has developed strong product research and development capability and brand awareness for non-durable MBC products. As such, the combination of the Group and the Target Group will create a comprehensive and innovative product portfolio and significantly enhance the Group’s product development, branding and distribution capabilities, and enable the Group to further consolidate the fragmented MBC products markets in China.

With rising disposable income, increasing awareness on product safety and quality and the favorable second-child policy, China’s demand for high-quality MBC products from reputable brands has grown rapidly in recent years. It is critical for the Group to capture the vast growth opportunity in China through obtaining the omni-channel sales platform and enacting direct communication with end customers. The Target Group has a leading omni-channel sales platform for MBC products. Upon the acquisition, the control of the omni-channel sales platform will significantly enhance the Group’s marketing efficiency and effectiveness, provide value-add service and convenient shopping experience to customers and enhance its competitive edge over other rivals.

In addition, the acquisition will allow the Group to quickly transform from a business that focuses on design, research and development, manufacture, marketing and sale of durable juvenile products into a fully-integrated business that encompasses a leading omni-channel sales platform for comprehensive MBC products among all online and offline retailers selling MBC products in China.

Lastly, the Target Group places significant emphasis on building relationships with end-customers through tailored and creative marketing strategies and strives to utilize various traditional, new and alternative media channels to reach-out to end-customers effectively. With the combination of the Group and the Target Group, the Group will be able to capture critical data and interactions directly with end-customers, and in turn provide better alignment and control over the end-customers’ feedback and timely reactions to such feedbacks. Furthermore, by leveraging such interactions with end-customers, the Group would be able to build a consumer-oriented and brand-driven ecosystem in China.

Commenting on the acquisition, Goodbaby International’s Chairman, Mr. Song Zhenghuan said, “The Group believes that such strategies are critical in today’s new age of becoming a globally leading MBC products brand company, and is at a critical time to be enacted at this stage of the Group’s development to take advantage of the current market growth opportunity and acquire the Target Group at an attractive valuation to the Group.”

Goodbaby International’s Chief Executive Officer Mr. Martin Pos commented, “Since its successful acquisition of Cybex and Evenflo in 2014, the Group has continuously invested in the transformation, in-depth integration and roll out of internationally managed management platform for further development and sustainable growth. As part of our continuous growing strategy, we believe that the acquisition will further broaden the Group’s product portfolio and capture the robust growth in China’s MBC Products market, allowing the Group to become an active and competitive player in the market of MBC Products.”

About Goodbaby International Holdings Limited

Goodbaby International is one the world’s leading global durable juvenile products companies, headquartered in China. We adopt a vertically integrated business model. The Group’s core capabilities lie in research & development, design and quality manufacturing, branding, marketing and sales of juvenile products, such as strollers, children’s car safety seats, juvenile household products (e.g. cribs, safety gates, high chairs and infant seats), as well as juvenile toy vehicles (e.g. stationary activity centers, tricycles, e-cars and scooters).

Goodbaby International has over 11,000 employees worldwide; we own seven research & development centers globally including Americas, Europe and Asia and manages sales, marketing and distribution offices in 11 countries. With this global presence, localized operations and strong capabilities in brand building, the Group has a leadership position in the juvenile goods industry. Every day, millions of parents count on the quality, reliability and performance of our products.

Top performance report marked first anniversary of CreditEase Wealth Management Toumi RA

BEIJING, July 27, 2017 /PRNewswire/ — CreditEase Wealth Management Toumi RA released its performance report in Beijing on July 14, 2017, showing the platform’s stable return and outstanding risk control capability amid severe turbulence of global capital market in the past year.

Based on global ETF portfolios optimized by intelligent algorithm, Toumi RA achieved 2.55% – 11.48% of cumulative return during the period, remarkably higher than its competitors, and generated gains for 99.6% investors while only 10% investors earned returns from A-shares market. The assets under management of Toumi RA increased by 33.6% monthly, compared with 6% of Betterment and 3% of Wealthfront, and the reinvestment rate reached 52.2% with an expansion by 268%.

According to Toumi RA’s first investor profile, 58.97% of its clients are aged between 35 and 50, compared with the P2P investors of which 78.5% are under 35. Besides, Toumi RA investors’ average investment amount ranges from RMB 500,000 – 3,000,000, which is 3.5 times as high as that of P2P investors. Moreover, 87.4% of Toumi RA clients ever invested in relatively more complex financial products such as stocks or funds while only 34.7% of P2P users have similar experience. Such a profile indicates that Toumi RA’s target group is Chinese middle class, the 225-million population who is wealthier, more rational and eager for better wealth management driven by technology.

Although Chinese robo-advisors are still lagging behind the US peers in terms of investment amount per head, service scope and banks’ willingness to engage with the business, said Frank Wang, Toumi RA’s Head and CIO, the domestic industry shows greater momentum and stronger potential due to growing middle class, rising popularity of mobile internet and the lack of traditional investment advisors.

Ning Tang, CreditEase’s Founder and CEO, pointed out that the idea about asset allocation, rather than technology, presents the biggest gap between Chinese and US robo-advisors. To a greater extent, he said, the key to FinTech innovation lies in insights into clients’ demands especially intangible and long-term demands and better serving them by technology and model innovations.

Tang predicted that asset allocation will become a keyword for the next decade. Since traditional asset allocation services are unable to meet the increasing demands of middle class and mass affluent groups, those investors will increasingly rely on technology to build 20-year-long or 30-year-long portfolios, he said. 

The capital market will become quite stable when robots take over as portfolio managers, Tang added, noting the promising future of wealth management in the next four decades if life expectancy would reach 100 then.

Toumi RA’s idea of long-term asset allocation and more diverse products drive the transition from fixed return investment to equity investment and at the same time contributes to sustainability of Chinese capital market by offering stable and long-term options for otherwise speculative capitals.

At the event, Toumi RA launched its RMB-based services which offer nine cross-regional, multi-class and weak-relativity portfolios covering a wide range of Chinese and US stocks, bonds and gold investment products.

About CreditEase Wealth Management

CreditEase Wealth Management is the wealth management arm of CreditEase, and focuses on comprehensive global asset allocation services for high-net-worth individuals and mass affluent Chinese investors. It also offers a wide range of services such as investment immigration and international education advisory, and products across different asset classes including fixed income, private equity, capital markets, real estate and insurance. CreditEase Wealth Management is committed to providing high-quality products and services in line with customer needs and expectations, as well as helping to formulate comprehensive plans for wealth preservation and growth. On December 14, 2016, CreditEase Wealth Management was named winner of the “Best Non-Bank Private Wealth Product” by The Asian Banker, a Singapore-based leading provider of strategic intelligence on the financial services industry.

About CreditEase:

CreditEase is a leading FinTech company in China, specializing in inclusive finance and wealth management, in addition to payment technology, marketplace lending, crowdfunding, robo-advisory, insurance technology and blockchain products and services. CreditEase actively engages with global FinTech innovators through business incubation, commercial co-operation, and investment.  Better tech, better finance, better world.

View original content:http://www.prnewswire.com/news-releases/top-performance-report-marked-first-anniversary-of-creditease-wealth-management-toumi-ra-300494513.html

July 26, 2017 Open Letter to the Board of China Cord Blood Corp from Jayhawk Capital

NEW YORK, July 27, 2017 /PRNewswire/ —

The following is an open letter sent July 26, 2017 U.S. time to the Board of Directors of China Cord Blood Corp (NYSE: CO) from Jayhawk Capital.

We recommend the Board repurchase 30 million shares as an effective use of the excess cash on the balance sheet that benefits all shareholders.  Shareholders who would like to sell may do so of their own free will, while other shareholders like Jayhawk can hold their shares to participate in the future growth of the company.  This will increase the ownership of the remaining minority shareholders as well as the soon-to-be new majority shareholder, Nanjing Ying Peng Hui Kang Medical Industry Investment Partnership (“NYPHK”).  NYPHK is an affiliate of the Sanpower Group, which recently completed the $820 million acquisition of Dendreon Pharmaceuticals LLC, the maker of a stem cell treatment for prostate cancer, from Valeant Pharmaceuticals International, Inc.

Following are four valuation models for China Cord based on free cash flow multiple, earnings multiple, asset value (balance sheet) and discounted cash flow:

  1. Free Cash Flow Multiple: If the current annualized free cash flow of $116.6 million grows at 25%, free cash flows would be $146 million in FY2018, $182 million in FY2019 and $228 million in FY2020.  Using a multiple of 30x of FY2020 estimates would give a $7.6 billion valuation or $66 per share.
  2. Earnings Multiple: Starting with FY2017 pro-forma earnings of $75.0 million and assuming 30% growth, earnings would be $97 million in FY2018, $127 million in FY2019 and $165 million in FY2020.  Using a multiple of 30x would give a $6.0 billion valuation or $50 per share.
  3. Asset Valuation: Nanjing Xinjiekou Department Store Co. Ltd., a Chinese A-share listed company with a market cap of $5.9 billion, recently completed the purchase of 76% of the Shandong cord blood banking license at a $1.3 billion valuation.  China Cord holds the other 24% of the Shandong license, plus three others.  Guangdong and Beijing are more prosperous and have a higher penetration rate, so we value these at $3 billion and $2 billion, respectively.  Zhejiang is as prosperous as Shandong, but half the size so we use $0.7 billion.  This would value China Cord at $6.5 billion or $54 per share.
  4. Discounted Cash Flow: Using a discounted cash flow model with current growth assumptions, a 3% terminal growth rate and a 10% weighted average cost of capital would yield a current stock price value of $67 per share.

Valuation Model

Target Price

Free Cash Flow

$66

Earnings Multiple

$50

Asset Value

$54

Discounted Cash Flow

$67

AVERAGE

$59

Assuming the Board authorizes the share repurchase, and completes 30 million shares at an average price of $15 per share, the Company will still have over $100 million of cash on their balance sheet, plus generating $25 million of cash each quarter.  The reduction in share count would increase our average valuation of $59 per share to $74 per share, resulting in an increased value to the shareholders of the remaining 90.6 million shares (mostly NYPHK) of $1.4 billion!

Valuation Model Assuming Repurchase

Target Price

Free Cash Flow

$82

Earnings Multiple

$61

Asset Value

$67

Discounted Cash Flow

$84

AVERAGE

$74

We sincerely hope the Board immediately initiates this repurchase plan.  If the Board delays too long, the stock price could be above $20, which would greatly reduce the potential benefit to remaining shareholders.

Yours faithfully,

Jayhawk Capital

Media contact:
Michael D. Schmitz
+1 (785) 220-4085

Liulishuo raises approximately $100M in Series C funding to extend its lead in building smart AI English teachers

BEIJING, July 26, 2017 /PRNewswire/ — On July 26, 2017 Beijing time, Liulishuo, China’s leading AI + Education company, announced they have closed an approximately $100 million Series C funding at a press conference in Beijing. This new round of funding was led by China Media Capital (“CMC”) and Wu Capital. All of Liulishuo’s earlier investors,  including Trustbridge Partners, IDG Capital, GGV Capital, Cherubic Ventures and Hearst Ventures, also participated in this round.

Liulishuo raises approximately $100M in Series C funding to extend its lead in building smart AI English teachers
Liulishuo raises approximately $100M in Series C funding to extend its lead in building smart AI English teachers

 

Liulishuo raises approximately $100M in Series C funding to extend its lead in building smart AI English teachers
Liulishuo raises approximately $100M in Series C funding to extend its lead in building smart AI English teachers

Founded in 2012, after years of data collection, Liulishuo now hosts the world’s largest speech bank of Chinese people speaking English and this helped the company to self-develop the world’s most advanced automatic assessment engine for spoken and written English. As of July 2017, Liulishuo’s flagship mobile app product “Liulishuo” has the most popular and vibrant language learning community in China with over 45 million registered users.

Last July, Liulishuo launched the world’s first “AI English Teacher”, in the form of an AI-powered personalized interactive course, in its “Liulishuo” app. Based on deep learning technologies, Liulishuo’s “AI English Teacher” provides a personalized and adaptive learning path for every learner. It was designed to help learners improve all aspects of their English language abilities (listening, speaking, reading and writing) and to provide a comprehensive language learning solution. Liulishuo’s AI English teacher is proven to triple the learning efficiency (reduce the required learning time to one third) compared to human teachers in the CEFR standards (Common European Framework of Reference for Language), according to a study using the TOEIC Bridge Test from ETS. Within one year, its “AI English teacher” has acquired about 600,000 paying users. The company turned profitable in February, 2017.

Over the past few years, CMC has looked into several AI companies and Liulishuo is the first investment CMC has made in the field. Ruigang Li, chairman and founder of China Media Capital stated: “AI technology is rapidly developing now, and is completely changing the business models of many industries. It’s gradually becoming a significant bridge between people and content. Liulishuo is leading a new age of education, seeking to build an effective solution by applying artificial intelligence. China Media Capital is looking forward to a close cooperation with Liulishuo, and to creating more possibilities together in the future.”

Liulishuo is also the first AI+Education company that Wu Capital has invested in. Wu Capital is a pioneering family office in Mainland China currently funded by Yajun Wu, Madam Chairperson of Longfor Properties. “We have been interested in the huge opportunities brought about by the collision between traditional industries and artificial intelligence for a very long time. Liulishuo made personalized adaptive learning become a reality with their technology background and excellent products,” said Yan Zhang, CEO of Wu Capital.

Dr. Yi Wang, the founder and CEO of Liulishuo said: “Making learning efficient and personalized is our goal since the day Liulishuo was founded. The launching of the world’s first AI English teacher a year ago was an important step towards achieving the goal. The data and user cases we have collected in the past year have given us confidence that the deficiencies of traditional education, such as low efficiency, high costs, and access inequality, can be greatly improved by artificial intelligence technologies.”

“We are glad to see that CMC, Wu Capital and all our earlier investors share and fully support our vision in creating the future of learning with AI teachers. With this round of financing, we plan to increase our effort in hiring top-tier AI talents globally to extend our lead in the intersection of artificial intelligence and education, and launch more AI-powered personalized learning products,” said Yi Wang.

On the same day, Tomorrow Advancing Life Education Group (NYSE: TAL), a leading education services provider in China, and Liulishuo also announced a strategic partnership between the two companies. Liulishuo has become the provider of English speech assessment technology for TAL’s English learning products. Some of TAL’s products, such as Xueersi English and FirstLeap English, have already integrated Liulishuo’s English speech assessment engine into their core speech practice functions. TAL and Liulishuo plan to further extend their collaboration in all of TAL’s product lines and bring more advanced learning products to all Chinese K12 learners.

About Liulishuo

Liulishuo is China’s leading “AI + Education” company in the area of language learning, founded in Hangzhou by Yi Wang, Hui Lin and Ben Hu in September 2012. Dr. Yi was a product manager at Google in Mountain View, California and received his Ph.D. in computer science from Princeton University. Dr Hui was a research scientist at Google head quarter and received his Ph.D. from University of Washington. In Liulishuo’s early days, the company has advanced product and technology background. Liulishuo now hosts the world’s largest speech bank of Chinese people speaking English and this helped the company to self-develop the world’s most advanced automatic assessment engine for spoken and written English.

Based on deep learning technologies, Liulishuo has developed the world’s most intelligent and highly effective AI English teacher which provides a personalized and adaptive learning path for every learner. It is proven to triple the learning efficiency (reduce the required learning time to one third) compared to human teachers in the CEFR standards (Common European Framework of Reference for Language), according to a study using the TOEIC Bridge Test from ETS.

As of July 2017, Liulishuo’s flagship mobile app product “Liulishuo” has the most popular and vibrant language learning community in China with over 45 million registered users. It has been featured on the Apple App Store’s “App Store Essentials” and “Selected Apps of the Year”.

About China Media Capital

CMC, founded and chaired by Ruigang Li, is China’s leading investment and operating platform in the areas of media & entertainment, internet technology & content, lifestyle technology and live events. CMC invests and operates in Greater China, North America, Europe and Asian markets. With a deep understanding of the Chinese market, an extensive network of industry resources and prominent operational capabilities. CMC has created and supported the growth of many champions and emerging leaders in subsectors including film, television, animation, sports, music, fashion, lifestyle, games, children’s content, advertising, marketing, financial media, location-based entertainment, theme parks, cinema, online video platforms, OTT, smart TV and social media.

About Wu Capitals

Wu Capital is a pioneering family office in Mainland China currently funded by Yajun Wu, Madam Chairperson of Longfor Properties. Since its establishment in 2013, Wu Capital has kept close dialogues with many successful family offices all over the world and endeavors to incorporate the best practices in China. Wu Capital partners with top global asset management firms and is dedicated to building a diversified growth portfolio that hedges against global macro-risks. To build a diversified portfolio, their investments cover multiple business domains and asset classes including VC/PE funds, hedge funds, direct equity investments and bond investments. Wu Capital takes a global perspective and collaborates with best-in-class fund managers and entrepreneurs worldwide. Investment themes include TMT, healthcare, fintech, high-tech, offline experience consumption, virtual experience consumption and culture/sports.

About TAL

The TAL Education Group (NYSE: TAL), as a leading EdTech company founded in 2003 in China is now going international. The acronym “TAL” stands for “Tomorrow Advancing Life,” which reflects its vision to provide learning through quality teaching and content, its concept to integrate leading edge technology into education as well as its mission to promote educational progress with science and technology and to strive for equal access to quality education for all. During the past 10 years since its establishment, TAL has been gathering quality social education resources. Based on data technologies, TAL carries out R&D and innovation on personalized learning and wider fields, promotes innovation, cooperation and progress in education industry, and actively devotes itself into education fairness and education for public interests. In addition to its core K12 after-school tutoring business, TAL supports comprehensive learning from Pre-K through higher education. It has over 20,355 employees, 450 learning centers in 37 cities in China and enrolled around 4 million offline students as well as over 35 million online trainees students in total. 

TAL Education Group is also an active investor in several educational ventures. Domestically, it has invested in companies such as Babytree, China’s largest parenting website, and Guokr.com, a hugely popular science news and education site. Internationally, TAL’s investment portfolio includes Minerva Schools, Knewton, Volley Labs and Ready4.

Powered by TAL, EdStars is a dedicated platform to support education leaders and entrepreneurs. Since 2014, EdStars has provided training, incubation and funding to 180 education and technology CEOs in China through its EdStars CEO Entrepreneur Camp. 29 companies in the network have closed Series C funding rounds, 40% have closed Series B funding rounds, and 11 companies have valuations exceeding $500 million USD.

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Ping An Named as “Most Honored Company” in Asia by Institutional Investor for the Fourth Time

– Peter Ma and Jason Yao Awarded “Best CEO” and “Best CFO” Respectively

HONGKONG and SHANGHAI, July 26, 2017 /PRNewswire/ — Institutional Investor, a reputed international financial publication, released its 2017 “All-Asia (ex Japan) Executive Team” rankings. In view of its outstanding business management and leadership, as well as professional investor relations practices, Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or “the Group”, HKEx: 2318; SSE: 601318) was named for the fourth time as “Most Honored Company” in Asia and took the first place in almost all eligible categories for the insurance sector.

Being a standout in the insurance category of this year’s rankings, Ping An’s Chairman and CEO Peter Ma Mingzhe was named as the “Best CEO”; CFO Jason Yao was named the “Best CFO”. Ping An also took the first place in all the “Best IR Companies”, “Best Analyst Days”,  “Best IR Professionals” and “Best Websites” categories.

As a leading financial institution in China, Ping An has always strictly adhered to the principles of compliance, objectivity, timeliness, interactivity and fairness. It upholds the principle of open and transparent information disclosures, so as to advance the mutual understanding between the Company and its institutional investors and individual investors at home and abroad. It attaches great importance to issues raised and suggestions made by investors. In 2016, with relevant disclosures of its individual business added to its financial reports, Ping An became the first financial institution in China to have a comprehensive disclosure of its value composition and value of individual customer business. In July 2017, Ping An organized the “Unveiling Ping An Group’s Fintech Transformation” event and for the first time had a comprehensive disclosure of the Group’s five major innovative technologies, namely face recognition, voiceprint recognition, prediction AI technologies, prescription AI technologies and PA blockchain technologies. These moves demonstrate Ping An’s dedication to consistently enhance its corporate governance and IR practice standards in all aspects from content disclosure to communication channels. 

Over a thousand companies from 18 industries were nominated for the awards in the “2017 All-Asia Executive Team” survey. Reflecting the opinions of more than 3,900 investment professionals at 980 financial institutions, the rankings are highly regarded and recognized in the investment community.

The businesses of Ping An have maintained steady development in recent years at growth rates, exceeding the market average. In 2016, the Group’s net profit was RMB72,368 million, while its net profit attributable to shareholders of the parent company was RMB62,394 million. Facing the technology-driven transformation in the financial industry, Ping An took the lead by establishing its fintech-driven business model, promoting growth of its traditional finance and internet finance businesses in an synergistic manner. This led to a steady value growth of the individual business, which has become a strong driver of the Group’s organic growth in value. As of the end of 2016, the numbers of Ping An’s individual customers and contracts per customer reached 131 million and 2.21, respectively, with profit per customer rising to RMB312. During the year, Ping An’s individual business recorded a profit of RMB40,829 million, accounting for 65.4% of the Group’s net profit attributable to shareholders of the parent company.

Ping An said it was a privilege to be named for the fourth time the “Most Honored Company” in Asia in the rankings, which reflects the recognition by the capital markets of the Group’s performance in terms of corporate governance, management leadership, information disclosure and investor relations activities. On the basis of strictly abiding by relevant laws and regulations, Ping An has been continuously improving its corporate governance and investor relations. It has been proactively communicating with various stakeholders to address their concerns and requirements through a wide range of channels, and it has been presenting its latest developments and results to the market. These measures have successfully enhanced awareness and understanding of Ping An. Looking ahead, the Company will maintain its high standard and transparent disclosure regime and investor relations, in order to create long-term value for its shareholders, customers, employees and society.

About Ping An

As China’s first joint stock insurance company, Ping An Insurance (Group) Company of China, Ltd. (“Ping An“) is dedicated to becoming a world-leading personal financial services provider. Today, it is an integrated, compact, multi-functional financial services group with services that include insurance, banking, and investment. As of December 31, 2016, the Group had over 1.4 million employees and agents and 130 million individual customers. As of the end of 2016, the Group’s consolidated total assets reached RMB5.58 trillion while equity attributable to shareholders of the parent company stood at RMB383,449 million. Ping An Life and Ping An Property & Casualty are both ranked the second largest in China, Ping An Annuity ranked top in China in their respective areas by premium income. Its subsidiary Ping An Bank is China’s first joint stock bank. The Company’s key areas of business include investment, with subsidiaries such as Ping An Trust, Ping An Securities and Ping An Asset Management. Further, Ping An strives to develop internet finance, including Lufax, Ping An Good Doctor, Ping An Haofang, E-Wallet, Finance One Account. It has achieved significant growth in both the scale and user base of internet finance. As of December 31, 2016, the number of internet users of the Company reached 346 million.

Ping An ranked 16th in Forbes’ latest Global 2000, it ranked 39th in Fortune Magazine’s Global 500 Leading Companies. Apart from these accolades, Ping An ranked 61st in WPP Kantar Millward Brown’s BrandZTM Top 100 Most Valuable Global Brands ranking.

For more information, please visit http://t.sina.com.cn/pingan, http://t.qq.com/pingan or www.pingan.com.cn.

For enquiries, please contact:

Hill+ Knowlton Strategies Asia:

Daphne Chan   

Bowen Chui

Tel: (852) 2894 6217 / (852) 6096 8656

Tel:  (852) 2894 6233 / (852) 9783 0643

Email: [email protected]

Email: [email protected]

BAKO’s DIAMOND SERIES rental LED display cabinet won the worldwide famous Red Dot Design Award

SHENZHEN, July 26, 2017 /PRNewswire/ — This July, the good news came that BAKO’s DIAMOND SERIES rental LED display cabinet won the worldwide famous Red Dot Design Award.

The Red Dot Design Award is an international product design and communication design prize awarded by the Design Zentrum Nordrhein Westfalen in Essen, Germany. There are prize categories for product design, design agencies, and design concepts. So it is really a great honor for BAKO to win this award.

BAKO’s DIAMOND SERIES cabinet was introduced into the market at the beginning of 2016. Its design adopts DIAMOND’s shape, giving clients the idea of toughness and nobility. After its introduction to the market, it got a lot of good remarks in both creative design and user-friendliness. In May, 2016, it presented itself in Times Square, proudly proving its success. As a client remarked, “BAKO’s DIAMOND SEREIS is a tangible product. More importantly, it is a great work of art.”

BAKO’s DIAMOND SERIES rental LED display cabinet won the Red Dot Design Award
BAKO’s DIAMOND SERIES rental LED display cabinet won the Red Dot Design Award

BAKO’s DIAMOND SERIES was designed for rental application. To make the rental events more convenient, the design combines several humanized features like both front and rear services, cable free design, back-up data connection, seamless connection, etc.

Because of DIAMOND SERIES cabinet’s great success, BAKO was determined to design another cabinet for outdoor advertising. After about half a year’s preparation, BAKO eventually introduced another amazing design named SPACESHIP SERIES, specially for outdoor fixed installation.

The size of SPACESHIP SERIES cabinet is 1024*768mm and compatible pitches are P3.2, P4, P5.33, P6.4, P8, P10.66 and P16. Both the module frame and cabinet are die-casting products, much improving the toughness while reducing the steel structure and labor cost. Besides, the cabinet has front and rear services, convenient for different applications.

DIAMOND Rental LED Display – http://www.szbako.com/productlist-14-1.html
SPACESHIP outdoor advertising LED display – http://www.szbako.com/productlist-15-1.html

If you wish to know more information about BAKO, please contact:

Helen

Tel: +86-755-2999-5896

Fax: +86-755-2999-5087

Web: www.szbako.com   

Mob: +86-189-3884-0191

Email: [email protected]

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TiENPAY Launches Innovative Global Mobile Wallet Platform

Shenzhen, China, July 26, 2017 /ChinaNewswire.com/ – TiENPAY Limited, a premium global mobile wallet platform, today makes the global debut of its innovative mobile wallet app: TiENPAY Wallet. The company successfully conducted a live cross-border digital currency during a press conference in Shenzhen today to mark the global launch. The company’s TiENPAY mobile iOS apps… Read More

OrionStar Wins Challenge to Recognize One Million Celebrity Faces with Artificial Intelligence

BEIJING, July 26, 2017 /PRNewswire/ — Beijing OrionStar Technology Co., Ltd. (“OrionStar”), a China-based artificial intelligence company with which Cheetah Mobile Inc. (NYSE: CMCM) (“Cheetah Mobile”) has entered into an investment agreement, recently ranked number one in the “MS-Celeb-1M” challenge, a competition to recognize and identify images of one million celebrities in a pre-set database. The challenge was organized by Microsoft Research (MSR) for a workshop at ICCV 2017, the world’s premier international computer vision event.

Researchers at MSR published the first MS-Celeb-1M dataset, comprising images of real-life celebrities, in June 2016 to encourage the development of advanced facial recognition technologies. At the same time, they launched the first MS-Celeb-1M facial recognition challenge. Participants in the challenge are tasked with using a dataset provided by MSR as training data to develop an image recognition system capable of recognizing one million celebrities.

To evaluate the results, a subset of celebrities was selected from MSR’s one-million celebrity list. Images of those celebrities were then carefully labelled and organized into two sets: a “random” set, in which one image is randomly selected for each celebrity from the labelled images; and a “hard” set, which includes the labelled image from each celebrity that is the most different from any other image in the training dataset.

Among this year’s participants, OrionStar ranked first in the “Without External Data” category (only using the dataset provided) of the challenge with a 0.750 coverage probability for the random set and 0.606 for the hard set. During last year’s challenge, MS-Celeb-1M @ ACM MM2016, the best performance without external data was 0.734 with the random set and 0.534 with the hard set (among 13 teams). The “Without External Data” challenge is significantly more difficult than the “With External Data” challenge, which allows competitors to access data from outside sources.

The facial recognition technology utilized by the OrionStar team in this challenge will have real-world applications for Cheetah Mobile products, including facial recognition software, robotics and mobile apps.

OrionStar’s facial recognition technology is already being used in Cheetah Mobile’s Live.me social live broadcasting app. Every day, Live.me produces more than 200,000 hours of live content. To ensure a wholesome experience, Live.me employs a 24-hour real-time monitoring system based on facial recognition technology developed by OrionStar. The technology has other uses as well, including the ability to recognize brand logos and support ad testing, generate user tags based on a variety of characteristics, and provide personalized content recommendations. It also supports all types of dynamic facial mapping.

About OrionStar

OrionStar is an artificial intelligence company incorporated in China and controlled by Mr. Sheng Fu, the chief executive officer and director of Cheetah Mobile. The company was established in September 2016 by a group of technology industry leaders and product specialists from Silicon Valley, Japan, Taiwan, Beijing and Shenzhen. In May 2017, Beijing Kingsoft Internet Security Software Co., Ltd. (“Beijing Security”), a wholly-owned subsidiary of Cheetah Mobile, entered into a capital injection agreement with OrionStar. Pursuant to the agreement, Beijing Security agreed to subscribe to newly issued equity interest in OrionStar.

OrionStar is committed to using AI technology to develop the next generation of ground-breaking technology products and free people from the burden of overly complicated tasks, make homes more intelligent and create a better world through technology.

In less than one year, OrionStar has successfully released its own voice recognition and image recognition systems.

In June 2017, OrionStar partnered with popular audio streaming platform Ximalaya.com in China to release Xiao Ya, a voice-operated speaker powered by OrionStar’s self-developed remote voice interactive system, and the first product to connect to OrionStar’s AI ecosystem.

About Cheetah Mobile

Cheetah Mobile is a leading mobile internet company. It aims to provide leading apps for mobile users worldwide and connect users with personalized content on the mobile platform.

Cheetah Mobile’s products, including its popular utility applications Clean Master, CM Security and Battery Doctor, help make users’ mobile internet experience smarter, speedier, and safer. The Company has attracted approximately 600 million global Mobile MAUs, of which approximately 80% are located outside of China. Leveraging the success of its utility applications, Cheetah Mobile has launched its line of mobile content-driven applications, including News Republic and Live.me. 

Cheetah Mobile provides its advertising customers, which include direct advertisers and mobile advertising networks through which advertisers place their advertisements, with direct access to highly targeted mobile users and global promotional channels, which are capable of delivering targeted content to hundreds of millions of users.

View original content:http://www.prnewswire.com/news-releases/orionstar-wins-challenge-to-recognize-one-million-celebrity-faces-with-artificial-intelligence-300494265.html

Linde further advances its partnership with Wanhua Chemical Group with an additional investment of EUR 108 million in China

– The agreement to build two Air Separation Units (ASUs) in Yantai, Shandong Province, China, marks the fourth deal between the two companies internationally.

SHANGHAI, July 26, 2017 /PRNewswire/ — The Linde Group, a world leading industrial gases and engineering company, today announced that it has signed an agreement with Wanhua Chemical Group (“Wanhua Chemical”), the world’s largest producer of isocyanate (MDI), to expand the supply of gas to Phase II of Wanhua Chemical’s Yantai operations. Under the new agreement, Linde will invest EUR108m (835m RMB) to build two additional energy efficient steam-driven ASUs, complementing the two existing ASUs already in place, to meet Wanhua Chemical’s growing demand for industrial gases.

Mr Sanjiv Lamba, Chief Operating Officer for Asia Pacific and Member of the Executive Board at Linde AG, said, “The agreement with Wanhua Chemical underscores our long and valued partnership. China continues to be an important part of Linde’s Asia profitable growth strategy. Aside from robust domestic demand, Chinese businesses are increasingly looking for opportunities abroad. Being able to meet the demand for high quality industrial gases, delivered with the same reliability and efficiency, anywhere in the world, is Linde’s compelling proposition for companies that want to take their business global.”

Mr Liao Zengtai, Chief Executive Officer of Wanhua Chemical, said, “Wanhua Chemical is increasingly looking beyond China to drive growth of our business. Today, nearly a third of our products are scheduled for export, and this will continue to grow. Wanhua Chemical and Linde have developed a very solid partnership over the past years with proven cooperative experience. As a truly international producer, Wanhua Chemical needs partners who are ready to work with us on a global basis. For us, Linde is that partner.”

When the plants come on stream in 2019, they will be one of Linde’s most advanced gaseous and liquid production sites in Asia Pacific. The new plants will improve the reliability and stability of gas supply, while also increasing production flexibility and reducing production costs. This is made possible using Linde’s expertise to optimise the operating modes of multiple ASUs, capable of adjusting both the type and volume of gases to match the requirement of the Yantai site.

Linde currently has supply agreements with Wanhua Chemical in Yantai and Ningbo, China, as well as in Kazincbarcika, Hungary. This new Yantai Wanhua deal is the fourth between the two companies, as Wanhua Chemical looks to integrate its global supply chain.

About The Linde Group

In the 2016 financial year, The Linde Group generated revenue of EUR 16.948 bn, making it one of the leading gases and engineering companies in the world, with approximately 60,000 employees working in more than 100 countries worldwide. The strategy of The Linde Group is geared towards long-term profitable growth and focuses on the expansion of its international business, with forward-looking products and services. Linde acts responsibly towards its shareholders, business partners, employees, society and the environment in every one of its business areas, regions and locations across the globe. The company is committed to technologies and products that unite the goals of customer value and sustainable development. For more information, see The Linde Group online at www.linde.com.

In East Asia, Linde is headquartered in Shanghai and employs more than 5,500 employees at about 70 subsidiaries and joint ventures in Greater China. In China alone, Linde operates more than 200 production facilities across key industrial centres. For more information about Linde in China, please visit www.linde-gas.com.cn.

About Wanhua Chemical Group Co., Ltd.

Wanhua Chemical Group Co., Ltd. (“Wanhua Chemical”) is the only Chinese company holding independent intellectual property rights for MDI manufacturing. With the conviction that technological innovation should always be built into core competency, Wanhua Chemical has been dedicated to optimising its industrial structure and established a presence in four major areas, namely: a full range of polyurethane products including isocyanate and polyol; petrochemicals including acrylic acids and esters; materials and solutions including surfacing materials, TPU, SAP and PC; and performance chemicals including organic amine. For more information please visit: http://www.whchem.com/en/

Press Contact:

 

Linde Asia Pacific Communications

Ms. Foo Hsu-Yi

+65 9177 5757

[email protected]

 

 

Linde East Asia Communications

Ms Zhu Li-sha

+86 139 1738 7587

[email protected]

Avazu Holding Founder & CEO Shi Yi Made Forbes 30 Under 30 for Third Time in Four Years

SHANGHAI, July 26, 2017 /PRNewswire/ — Shi Yi, Avazu Holding Founder & CEO, Serial Entrepreneur and Angel Investor, made the 2017 Forbes 30 Under 30 China List: Enterprise Technology, marking the third time in four years he has been listed in the Forbes 30 under 30.

On July 20, Forbes China, the Chinese-language edition of Forbes, unveiled the 2017 edition of its annual “30 Under 30 China” list, including 30 members under the age of 30 for each of the 10 categories that make up the list.

Avazu Holding Founder & CEO, Yi Shi; 2017 Forbes 30 Under 30 China List: Enterprise Technology

Avazu Holding Founder & CEO, Yi Shi; 2017 Forbes 30 Under 30 China List: Enterprise Technology

Forbes 30 Under 30 China List is issued annually for selecting Chinese young entrepreneurs and innovators, presenting to the world their entrepreneurial spirit and innovations, and hopefully can influencing more young people in the future. These young and brilliant people are well educated and know how to merge technology and capital, and they are efficient at planning and management. They are passionate and driven, and they will push China into a higher level of development in the future.

Shi Yi was nominated as one of the Forbes China 30 Under 30 as early as 2014, and in April 2017, he was included in Forbes 30 Under 30 Asia. Three months later, Shi Yi once again won Forbes honor, there is no doubt that his entrepreneurial spirit and innovation has been highly recognized by Forbes.

As a pioneer in China to the World, Shi Yi witnessed the development and expansion of the internet in China, from “nobody cares” to “everybody followed”, and the internet companies he built gradually formed the unique one-stop global business service. At present, the Chinese internet model has been fully involved in the global competition, and recognized by many companies all over the world.

Winning this honor indicates the representative role of Shi Yi and a series of internet companies he built in the CTW path, and he will continue his role as a young and brilliant entrepreneur who always do his best to make an impact in the technology industry.

About Forbes China 30 Under 30

Forbes China 30 Under 30 is a set of lists issued annually by Forbes China, the Chinese-language edition of Forbes, the list featuring 300 young innovators, entrepreneurs and leaders under the age of 30 who are challenging conventions and making an impact in the world. Forbes election rate is 12%. The 10 categories include consumer technology; enterprise technology; entertainment and sports; the arts; finance and venture capital; industry, manufacturing and energy; healthcare and science; social entrepreneurs and education; media, marketing and advertising; and retail and e-commerce.

Photo – https://photos.prnasia.com/prnh/20170726/1904923-1

The City of Sanya Taps into Malaysia to Promote Its Natural Beauty and Unique Culture

SANYA, China, July 26, 2017 /PRNewswire/ — China’s popular tourist city Sanya launches 2017 Sanya celebration (the “Celebration”) in Malaysia’s capital city Kuala Lumpur as part of its efforts to introduce Sanya to more international tourists.

The City of Sanya Taps into Malaysia to Promote Its Natural Beauty and Unique Culture

The City of Sanya Taps into Malaysia to Promote Its Natural Beauty and Unique Culture

Sanya, located on China’s Hainan Island and famous for its beautiful beaches, has seen a steady growth of inbound tourists in recent years. In the year 2016 Sanya attracted close to 448,900 inbound tourists, increasing more than 25.31% year-on-year.

“Sanya is a noted tourist resort with natural beauty and a favorable climate. The average temperature is from 22 degrees to 26 degrees Celsius (71F to 78F), which attracts large numbers of visitors from both home and abroad every year,” said Deng Zhong, the Honorary President of Sanya People’s Association for Friendship with Foreign Countries.

The celebration was held at popular UTAMA shopping center. It included a photo exhibition of Sanya city, a food show, virtual reality (VR) technology-based visual experiences of the local natural scenery and a culture display of the local Li nationality among other attractions.

Li Nationality, one large ethnic group in Hainan Island, enjoys singing and dancing

Li Nationality, one large ethnic group in Hainan Island, enjoys singing and dancing

During the display, a virtual seaside scene with beach, beach umbrella and swim ring were set up on the site, offering visitors a real experience of traveling to the coastal city. In addition, local women of Li nationality showcased their brilliant arts, dance and weaving talents, winning wide applause from the crowds.

“It’s fantastic to watch and experience the colorful folk culture of Sanya. Now I can’t wait to travel to Sanya and explore by myself,” said Gillian Tee Yin Ming, from Malaysia.

Commenting on the tourism preference in Malaysia, Deng Zhong added that although Sanya city is located geographically near Malaysia and the two regions share cultural similarities, there are also quite a number of differences between them.

“Sanya has beautiful seaside and the unique culture of Li and Miao minorities. Also, food there is special and attractive. These all can bring amazing experiences for tourists from Malaysia.”  

This year, Sanya signed a memorandum with Malaysia’s Penang on establishing a friendly city relationship and opened 19 international routes, such as Sanya-Penang-Kuala Lumpur, which laid a solid foundation for exchanges between Sanya and Malaysia.

After the roadshow in Malaysia on July 25, the Sanya government will continue the global promotion campaign of the “Celebration” to other nations. The next stop is Indonesia on July 27. 

About Sanya

Located at the southernmost point of China’s Hainan island, Sanya is an international coastal destination. The city has been praised by global visitors as the only Chinese seaside vacation destination because of its stunning coastline and profound cultural heritage. 

For more information about Sanya, please visit: http://english.sanya.gov.cn/publicfiles//business/htmlfiles/englishsite/tourism/index.html

Photo – https://photos.prnasia.com/prnh/20170726/1907128-1-a
Photo – https://photos.prnasia.com/prnh/20170726/1907128-1-b

Egypt Becomes the Guest of Honor in the 2017 China-Arab States Expo

YINCHUAN, China, July 26, 2017 /PRNewswire/ — Egypt is the Guest of Honor Country at the 2017 China-Arab States Expo to be held from September 6-9, 2017 in Ningxia, China. A very high-level Egyptian official delegation with a large number of business members will participate at the Expo, according to the Expo organizer. To foster closer trade and investment cooperation, the Egyptian and Chinese sides will jointly organize a series of business promotion activities, including Egyptian national exhibition hall of 1000 square meters, investment projects and tourism promotion and B2B meetings.

The Guest of Honor Country is the mechanism to encourage more active participation and one Arab country is invited to co-host each session of the China-Arab States Expo for larger exposure to develop more business between China and Arab states. So far, the United Arab Emirates, Kuwait and Jordan have successfully joined the Expo as the Guest of Honor Countries in previous sessions.

The China-Arab States Expo has played an important role in promoting business relations between China and Arab states in line with the development of “One Belt and One Road” Initiative. There were 12 Chinese and foreign dignitaries, 143 Chinese and foreign ministerial-level officials and more than 80 countries, regions and international institutions participating in the previous two sessions. About 321 business agreements have been signed with total contract value of RMB 132.87 billion for cooperation in the fields of science & technology, finance, energy, agriculture, healthcare, tourism, culture and education.

At present China and Arab states have become the important partners in economic cooperation with each other. According to the Chinese Ministry of Commerce, China has become the second largest trade partner with Arab states, while Arab states are China’s largest supplier of crude oil, the eighth largest trade partner, and the important engineering and overseas investment market. In 2016, China-Arab states trade volume reached USD 171.14 billion, the contract amount of contract work newly singed was USD 40.37 billion, an increase of 40.8%. China’s non-financial direct investment in the Arab states is USD 1.15 billion, an increase of 75%.

The China-Arab Expo has also helped to promote industrial cooperation between China and Arab states.The ChinaOman (Duqm) Industrial Park was initiated at the Expo and groundbreaking ceremony was held on April 19th this year. More than 10 Chinese companies are now already operating in the park being the largest project of the single country in the Oman Special Economic Zone. Joint venture is also under negotiation to set up China-Saudi (Jazan) Industrial Park in Saudi Arabia. More industrial cooperation are initiated and field visits has been concluded to Suez Economic and Trade Cooperation Zone in Egypt, Jebel Ali Free Zone in UAE and Irbid Hassan Industrial in Jordan for capacity and equipment manufacturing cooperation between China and the Arab world.

The organizers of the Expo are confident in development with more Arab states and business for mutual beneficial cooperation to co-build the “One Belt and One Road” Initiative.