TOKYO, Sept 29 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation (TDSC) today announced the launch of “TB67B054FTG,” a new three-phase brushless fan motor controller IC for home appliances, such as air conditioners and air purifiers, that realizes high efficiency drive and noise reduction. Mass production will start in November, 2017.
Today’s motor rotors are multi-polarized, since higher motor driving efficiency and noise reduction are required for fan motors used air conditioners, air purifiers and other in home appliances. Conventionally, motor control is carried out by a microcontroller and an 8-pole rotor and a rotation-control signal that outputs 3 pulses a cycle.
http://mrem.bernama.com/viewsm.php?idm=30185
Saturday 30 September 2017
CALVIN KLEIN, INC. ANNOUNCES THE OPENING OF MULTI-BRAND LIFESTYLE STORES IN SHANGHAI AND DÜSSELDORF
NEW YORK, Sept 29 (Bernama-BUSINESS WIRE) -- Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. [NYSE: PVH], today announced the opening of new CALVIN KLEIN multi-brand lifestyle stores in Shanghai, China and Düsseldorf, Germany. Each store is a flagship and features the brand’s latest retail design concepts.
The 6,000 square foot, two-story Shanghai store is located in Raffles City and offers men’s and women’s CK Calvin Klein, CALVIN KLEIN JEANS, CALVIN KLEIN UNDERWEAR and CALVIN KLEIN PERFORMANCE apparel and accessories. The new store in Düsseldorf is located on Königsallee Boulevard and spans three floors and over 3,500 square feet, and offers men’s and women’s Calvin Klein sportswear and accessories, CALVIN KLEIN JEANS, CALVIN KLEIN UNDERWEAR and CALVIN KLEIN SWIMWEAR.
http://mrem.bernama.com/viewsm.php?idm=30179
The 6,000 square foot, two-story Shanghai store is located in Raffles City and offers men’s and women’s CK Calvin Klein, CALVIN KLEIN JEANS, CALVIN KLEIN UNDERWEAR and CALVIN KLEIN PERFORMANCE apparel and accessories. The new store in Düsseldorf is located on Königsallee Boulevard and spans three floors and over 3,500 square feet, and offers men’s and women’s Calvin Klein sportswear and accessories, CALVIN KLEIN JEANS, CALVIN KLEIN UNDERWEAR and CALVIN KLEIN SWIMWEAR.
http://mrem.bernama.com/viewsm.php?idm=30179
Friday 29 September 2017
CHANGCHUN RECOMMENDS 120 LOCAL COMPANIES TO THE WORLD
CHANGCHUN, China, Sept 28 (Bernama) --
| The government of northeast China's Changchun city has introduced 120 local companies with high quality and credibility to the world in a recent event, which aimed to promote foreign investment attraction and building of the city as a regional center of Northeast Asia. Changchun is in the geographic center of China's northeast region and Northeast Asia. It has four national level development zones and a national level new district. It is an important industrial base and commodity grain base in China. With automobile, agricultural products and equipment manufacturing as its three pillar industries, the city also boasts six strategic emerging industries including biomedicine, new energy and photoelectric information. The city maintained an economic growth of 8 percent in the first half of the year, above the national average and leading the major cities in the region. Jia Lina, deputy mayor of Changchun, said as an important city along the China-Mongolia-Russia economic corridor and the national Changchun-Jilin-Tumen opening-up strategy, Changchun has ten advantages including its location, resources, education, industrial bases, adequate production factors, multiple development zones and parks, favorable environment and policies. The city also seeks to open up further and integrate into the world economic development. http://mrem.bernama.com/viewsm.php?idm=30173 |
ALIPAY PROMOTES SMART TOURISM WITH GLOBAL PARTNERS
HANGZHOU, China, Sept 29 (Bernama-GLOBE NEWSWIRE) -- Alipay, the world’s largest online and mobile payment platform, operated by Ant Financial Services Group (“Ant Financial”, “Ant”), recently announced an upgraded smart outbound tourist service platform at a meeting of ecosystem partners from over 20 countries and territories in Beijing.
The platform connects Chinese tourists with merchants, airports, travel agencies and other Alipay partners, giving users access to intuitive local offers and services, and merchants the ability to target potential clients.
“With 98% of outbound Chinese tourists owning a smartphone, there is a clear opportunity for a mobile-based ecosystem to deliver a truly 21st Century travel experience,” said Carl Su, Vice President of Ant Financial, at the 2017 Global Smart Tourism Ecosystem Summit in Beijing earlier this week. “Alipay’s smart tourist service platform connects all kinds of overseas merchants with the right Chinese tourists, even before they depart. Merchants find that our digital platform lowers marketing cost and improves conversion rate, while tourists find that access to local services and products is easier than ever before.”
http://mrem.bernama.com/viewsm.php?idm=30187
The platform connects Chinese tourists with merchants, airports, travel agencies and other Alipay partners, giving users access to intuitive local offers and services, and merchants the ability to target potential clients.
“With 98% of outbound Chinese tourists owning a smartphone, there is a clear opportunity for a mobile-based ecosystem to deliver a truly 21st Century travel experience,” said Carl Su, Vice President of Ant Financial, at the 2017 Global Smart Tourism Ecosystem Summit in Beijing earlier this week. “Alipay’s smart tourist service platform connects all kinds of overseas merchants with the right Chinese tourists, even before they depart. Merchants find that our digital platform lowers marketing cost and improves conversion rate, while tourists find that access to local services and products is easier than ever before.”
http://mrem.bernama.com/viewsm.php?idm=30187
LARGEST SPORTING GOODS RETAILER, DECATHLON BOOSTS GROUND-LEVEL DISTRIBUTION VISIBILITY WITH LOGINEXT
FREMONT, Calif., Sept 28 (Bernama-BUSINESS WIRE) -- The largest sporting goods retailer worldwide ties up with the one of the leading SaaS companies in logistics and field workforce optimization. Decathlon partners with LogiNext to extend the power of its superior distribution network in multiple developing markets. Through this partnership it looks to recreate its French market domination in other countries. Through machine learning algorithms designed to read traffic and weather patterns from historical delivery movement information, LogiNext has managed to set up a unique solution set for Decathlon that offers exceptional logistics movement visibility across geographies.
Along with movement visibility, hub-load analytics around fleet movement can be automated using LogiNext’s planning engine. Tracking the fleet vehicles through a centralized controlling dashboard, Decathlon can plan their delivery routes and estimated time of arrivals backed by actual real-time, ground-level location analytics. This would help them eliminate bottlenecks, both predictable and unpredictable, such as planning for the workforce for loading and unloading around the regularly updated estimated time of arrivals.
LogiNext CEO, Dhruvil Sanghvi, laid out his vision for the innovative partnership between his company and Decathlon: “We now know that logistics movement can be a huge bottleneck or a smooth dissemination engine, based on how you upgrade and maintain your delivery management system. Decathlon has built its worldwide following through extensive, exhaustive, and intriguing product lineups. We would help them ensure complete visibility for their distribution to their retail outlets.”
Along with movement visibility, hub-load analytics around fleet movement can be automated using LogiNext’s planning engine. Tracking the fleet vehicles through a centralized controlling dashboard, Decathlon can plan their delivery routes and estimated time of arrivals backed by actual real-time, ground-level location analytics. This would help them eliminate bottlenecks, both predictable and unpredictable, such as planning for the workforce for loading and unloading around the regularly updated estimated time of arrivals.
LogiNext CEO, Dhruvil Sanghvi, laid out his vision for the innovative partnership between his company and Decathlon: “We now know that logistics movement can be a huge bottleneck or a smooth dissemination engine, based on how you upgrade and maintain your delivery management system. Decathlon has built its worldwide following through extensive, exhaustive, and intriguing product lineups. We would help them ensure complete visibility for their distribution to their retail outlets.”
SKYBOX SECURITY ANNOUNCES THREAT-CENTRIC VULNERABILITY MANAGEMENT FOR VIRTUAL AND CLOUD NETWORKS
Expands solutions to ease day–to–day security management across all networks in one platform
SAN JOSE, Calif., Sept 28 (Bernama-GLOBE NEWSWIRE) --Skybox™ Security, a global leader in cybersecurity management, continues to expand its cloud security management solution, Skybox for the Cloud™. The solution now includes threat–centric vulnerability management (TCVM) for virtual and multi–cloud environments and extends capabilities for security policy management, attack surface visibility and network path analysis. With one platform, the Skybox™ Security Suite, organizations are now able to consistently and securely manage day–to–day security processes across their entire network infrastructure, whether on premises or in the cloud.
As businesses continue to migrate to virtual and cloud environments, security becomes more complicated due to the nature of cloud architecture, from multi–tenancy to elasticity and the shared responsibility for the computing stack. For example, security mechanisms in virtual and cloud networks are different from physical environments, and even differ between cloud service providers. In addition, cloud elasticity means virtual machines are quickly spun up and down, making traditional vulnerability scanning insufficient as the environment may change significantly between scans.
To counteract these challenges and reduce the chance of human error, Skybox helps automate security processes not only in virtual and cloud environments, but across all networks within a single, unified dashboard.
“IT teams are tasked with launching new services and applications on a daily basis. By leveraging cloud architecture, they can achieve that in minutes — opposed to days of work,” said Skybox VP of Products Ravid Circus. “The challenge is that this leads to a fluid security situation where assets (virtual machines) can be assigned to the wrong security group, resulting in immediate exposure. Security teams need to be on top of this, and the only way to do it is have global visibility and management across all your networks.”
Whether an organization’s network infrastructure is physical, virtual, cloud or a hybrid of all three, Skybox for the Cloud addresses a number of use cases in the following areas:
SAN JOSE, Calif., Sept 28 (Bernama-GLOBE NEWSWIRE) --Skybox™ Security, a global leader in cybersecurity management, continues to expand its cloud security management solution, Skybox for the Cloud™. The solution now includes threat–centric vulnerability management (TCVM) for virtual and multi–cloud environments and extends capabilities for security policy management, attack surface visibility and network path analysis. With one platform, the Skybox™ Security Suite, organizations are now able to consistently and securely manage day–to–day security processes across their entire network infrastructure, whether on premises or in the cloud.
As businesses continue to migrate to virtual and cloud environments, security becomes more complicated due to the nature of cloud architecture, from multi–tenancy to elasticity and the shared responsibility for the computing stack. For example, security mechanisms in virtual and cloud networks are different from physical environments, and even differ between cloud service providers. In addition, cloud elasticity means virtual machines are quickly spun up and down, making traditional vulnerability scanning insufficient as the environment may change significantly between scans.
To counteract these challenges and reduce the chance of human error, Skybox helps automate security processes not only in virtual and cloud environments, but across all networks within a single, unified dashboard.
“IT teams are tasked with launching new services and applications on a daily basis. By leveraging cloud architecture, they can achieve that in minutes — opposed to days of work,” said Skybox VP of Products Ravid Circus. “The challenge is that this leads to a fluid security situation where assets (virtual machines) can be assigned to the wrong security group, resulting in immediate exposure. Security teams need to be on top of this, and the only way to do it is have global visibility and management across all your networks.”
Whether an organization’s network infrastructure is physical, virtual, cloud or a hybrid of all three, Skybox for the Cloud addresses a number of use cases in the following areas:
- Comprehensive visibility of the attack surface in a single network model, capable of incorporating data from 120+ security and networking technologies
- End–to–end path analysis from any source to any destination across or within physical, virtual and multi–cloud networks, including detailed path analysis on the devices, rules, etc., along the path
- Unified security policy management across all networks, including out–of–the–box compliance checks for key industry regulations such as NIST and PCI DSS
- Vulnerability discovery, prioritization and remediation planning with the context of an organization’s on–prem and multi–cloud networks; this information is correlated to current threat intelligence of exploits in the wild
As cyber events like the Equifax breach (caused by the Apache Struts vulnerability) continue to increase, it’s obvious that organizations are struggling to quickly identify and effectively remediate vulnerabilities in their systems. This challenge can be compounded by the nature of cloud environments and even procedural requirements from service providers that impact third–party scans.
Skybox for the Cloud gives security teams the power to assess vulnerabilities in the cloud on demand by combining data from cloud–based patch and asset management systems, scanners and network devices. The results are analyzed and prioritized using the TCVM approach, taking into account:
Skybox for the Cloud gives security teams the power to assess vulnerabilities in the cloud on demand by combining data from cloud–based patch and asset management systems, scanners and network devices. The results are analyzed and prioritized using the TCVM approach, taking into account:
- The vulnerabilities on the virtual machine and its importance to the organization
- The virtual machine’s exposure based on the hybrid network topology and security controls in place
- Threat intelligence on available and active exploits in the wild
TCVM also gives prescriptive guidance of what action can be taken to prevent exploitation and how urgently that action should be performed.
Learn more about Skybox’s security management platform for on–premises and multi–cloud networks at www.skyboxsecurity.com/cloud.
Tweet This:
@SkyboxSecurity expands #SkyboxTCVM to #virtual and #multicloud networks. Read the full #cloud press release. http://ow.ly/XRgj30ftblu
About Skybox Security
www.skyboxsecurity.com
Skybox arms security leaders with the broadest set of solutions for cybersecurity management. By integrating with more than 120 networking and security technologies, the Skybox™ Security Suite provides the context needed for informed and timely action, combining attack vector analytics and advanced threat intelligence to continuously analyze vulnerabilities in your environment and correlate them with exploits in the wild. This gives the insight needed to improve and automate security operations in vulnerability and threat management and firewall and security policy management in physical, virtual and cloud environments.
© 2017 Skybox Security, Inc. All rights reserved. Skybox Security and the Skybox Security logo are either registered trademarks or trademarks of Skybox Security, Inc., in the United States and/or other countries. All other trademarks are the property of their respective owners. Product specifications subject to change at any time without prior notice.
CONTACT INFORMATION
Tawnya Lancaster
Director of Brand and Communications
Skybox Security
408.205.1618
Tawnya.lancaster@skyboxsecurity.com
OneChocolate for Skybox Security
415.989.9803
skybox@onechocolatecomms.com
Source : Skybox Security
--BERNAMA
Learn more about Skybox’s security management platform for on–premises and multi–cloud networks at www.skyboxsecurity.com/cloud.
Tweet This:
@SkyboxSecurity expands #SkyboxTCVM to #virtual and #multicloud networks. Read the full #cloud press release. http://ow.ly/XRgj30ftblu
About Skybox Security
www.skyboxsecurity.com
Skybox arms security leaders with the broadest set of solutions for cybersecurity management. By integrating with more than 120 networking and security technologies, the Skybox™ Security Suite provides the context needed for informed and timely action, combining attack vector analytics and advanced threat intelligence to continuously analyze vulnerabilities in your environment and correlate them with exploits in the wild. This gives the insight needed to improve and automate security operations in vulnerability and threat management and firewall and security policy management in physical, virtual and cloud environments.
© 2017 Skybox Security, Inc. All rights reserved. Skybox Security and the Skybox Security logo are either registered trademarks or trademarks of Skybox Security, Inc., in the United States and/or other countries. All other trademarks are the property of their respective owners. Product specifications subject to change at any time without prior notice.
CONTACT INFORMATION
Tawnya Lancaster
Director of Brand and Communications
Skybox Security
408.205.1618
Tawnya.lancaster@skyboxsecurity.com
OneChocolate for Skybox Security
415.989.9803
skybox@onechocolatecomms.com
Source : Skybox Security
--BERNAMA
SIGMA DESIGNS MAKES SECURE INTEROPERABILITY EASY WITH Z-WAVE SMARTSTART
SmartStart is a brand-new way to automatically create and configure Z-Wave Networks for instant device installation success
FREMONT, Calif., Sept 28 (Bernama-GLOBE NEWSWIRE) -- Sigma Designs® (NASDAQ:SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for smart TV and Internet of Things (IoT) for smart home, today announces the availability of Z-Wave SmartStart, comprising the new Z-Wave protocol and Z-Wave gateway software layers, which together greatly improve installation and enable uniform out-of-the-box set-up of Z-Wave smart home devices. Z-Wave SmartStart pre-configures devices to the network before they reach the home, dramatically reducing installation time, and thereby costs, to maximize return on investment (ROI) for installers and remove difficulty of DIY installations for homeowners.
SmartStart simplifies installation of Z-Wave devices and solves the industry’s barriers to adoption including user error, integration complexity, and product returns due to faulty install. For service providers, SmartStart reduces the time technicians spend in each home, which is critical to maximizing ROI and reaching more customers. Smart home installations typically require a technician to spend several hours validating component functionality, integrating products, and configuring scenes, rules, and scripts prior to setting up devices. With Z-Wave SmartStart, pre-configuration can enable the following benefits:
FREMONT, Calif., Sept 28 (Bernama-GLOBE NEWSWIRE) -- Sigma Designs® (NASDAQ:SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for smart TV and Internet of Things (IoT) for smart home, today announces the availability of Z-Wave SmartStart, comprising the new Z-Wave protocol and Z-Wave gateway software layers, which together greatly improve installation and enable uniform out-of-the-box set-up of Z-Wave smart home devices. Z-Wave SmartStart pre-configures devices to the network before they reach the home, dramatically reducing installation time, and thereby costs, to maximize return on investment (ROI) for installers and remove difficulty of DIY installations for homeowners.
SmartStart simplifies installation of Z-Wave devices and solves the industry’s barriers to adoption including user error, integration complexity, and product returns due to faulty install. For service providers, SmartStart reduces the time technicians spend in each home, which is critical to maximizing ROI and reaching more customers. Smart home installations typically require a technician to spend several hours validating component functionality, integrating products, and configuring scenes, rules, and scripts prior to setting up devices. With Z-Wave SmartStart, pre-configuration can enable the following benefits:
- Shorter installations: In the home the installer only needs to physically mount the devices and power on to automatically create the network.
- Uniform setup of devices across brand, application and product type.
- Instant success with no installation error, every time.
“Studies have shown the primary reason that consumers return a smart home device is due to setup difficulty. We’re removing that barrier to adoption with Z-Wave SmartStart, so that any combination of devices and brands from the Z-Wave ecosystem for an experience of consistent installation quality, using pre-configuration for instant, uniform integration, whether they’re doing it themselves or relying on the expertise of their service provider,” said Raoul Wijgergangs, vice president Z-Wave Business Unit for Sigma Designs.
Z-Wave SmartStart utilizes Z-Wave’s best-in-class Security 2 (S2) framework, which provides the most advanced security for smart home devices, controllers, gateways, and hubs. S2 allows service providers to offer the most secure smart home packages available in the market today to bring consumers the peace of mind that their smart home is secure. Z-Wave’s S2 framework was developed with cybersecurity experts to equip Z-Wave devices with new levels of impenetrability. By securing communication both locally for home-based devices, and in the hub or gateway for cloud functions, S2 completely removes the risk of devices being hacked while they are included in the network. Since it is built into the protocol, manufacturers can integrate StartStart and S2 in products in an interoperable way, without needing to collaborate with other device manufacturers.
“No other smart home technology can claim this level of ease and speed of installation, paired with the robust security that S2 promises, and an ecosystem of interoperable products across brands. The combination is a game changer, both for the DIY market as it accelerates smart home in retail, and for the service provider channel by giving installers a unique value proposition that increases productivity and decreases costs,” said Wijgergangs. “We’re making it a no-brainer for manufacturers to implement SmartStart and S2, thus expediting adoption and creating a broad selection of devices in the ecosystem – giving consumers and service providers choice of devices without having to worry if they will work together or how secure the network is.”
For more information, please visit: www.sigmadesigns.com.
About Z-Wave
Z-Wave® technology is an open internationally recognized ITU standard (G.9959). It is the leading wireless home control technology in the market today, with over 1700 certified interoperable products worldwide. Represented by the Z-Wave Alliance, and supported by more than 450 companies around the world, the standard is a key enabler of smart living solutions for home safety and security, energy, hospitality, office and light commercial applications.
Z-Wave® is a registered trademark of Sigma Designs (NASDAQ SIGM) and its subsidiaries in the United States and other countries.
About Sigma Designs
Sigma Designs, Inc. (NASDAQ:SIGM) is a world leader in enabling smart home convergence. The company designs and builds the essential semiconductor technologies that serve as the foundation for the world’s leading Connected Smart TV platforms and Internet of Things (IoT) for smart home devices. For more information about Sigma Designs, please visit www.sigmadesigns.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about the benefits of the use of Z-Wave in product offerings, including the benefits of certain enhanced features of Z-Wave devices. Actual results may vary materially due to a number of factors including, but not limited to, consumer and customer acceptance of the new and enhanced technology updated to Z-Wave technology, the ability of the Z-Wave technology to compete with other technologies or related products in the market, if any, and the relative success of Z-Wave technology updates, as well as other risks that are detailed from time to time in our reports to the Securities and Exchange Commission, including reports made on Form 10-Q. Readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date hereof. We undertake no obligation to publicly release or otherwise disclose the result of any revision to these forward-looking statements that may be made as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Media Contacts:
Mary Miller
Sigma Designs
+1-510-897-1069
Mary_Miller@sigmadesigns.com
Alexandra Crabb
Caster Communications
+1-401-792-7080
alex@castercomm.com
Source : Sigma Designs, Inc.
--BERNAMA
Z-Wave SmartStart utilizes Z-Wave’s best-in-class Security 2 (S2) framework, which provides the most advanced security for smart home devices, controllers, gateways, and hubs. S2 allows service providers to offer the most secure smart home packages available in the market today to bring consumers the peace of mind that their smart home is secure. Z-Wave’s S2 framework was developed with cybersecurity experts to equip Z-Wave devices with new levels of impenetrability. By securing communication both locally for home-based devices, and in the hub or gateway for cloud functions, S2 completely removes the risk of devices being hacked while they are included in the network. Since it is built into the protocol, manufacturers can integrate StartStart and S2 in products in an interoperable way, without needing to collaborate with other device manufacturers.
“No other smart home technology can claim this level of ease and speed of installation, paired with the robust security that S2 promises, and an ecosystem of interoperable products across brands. The combination is a game changer, both for the DIY market as it accelerates smart home in retail, and for the service provider channel by giving installers a unique value proposition that increases productivity and decreases costs,” said Wijgergangs. “We’re making it a no-brainer for manufacturers to implement SmartStart and S2, thus expediting adoption and creating a broad selection of devices in the ecosystem – giving consumers and service providers choice of devices without having to worry if they will work together or how secure the network is.”
For more information, please visit: www.sigmadesigns.com.
About Z-Wave
Z-Wave® technology is an open internationally recognized ITU standard (G.9959). It is the leading wireless home control technology in the market today, with over 1700 certified interoperable products worldwide. Represented by the Z-Wave Alliance, and supported by more than 450 companies around the world, the standard is a key enabler of smart living solutions for home safety and security, energy, hospitality, office and light commercial applications.
Z-Wave® is a registered trademark of Sigma Designs (NASDAQ SIGM) and its subsidiaries in the United States and other countries.
About Sigma Designs
Sigma Designs, Inc. (NASDAQ:SIGM) is a world leader in enabling smart home convergence. The company designs and builds the essential semiconductor technologies that serve as the foundation for the world’s leading Connected Smart TV platforms and Internet of Things (IoT) for smart home devices. For more information about Sigma Designs, please visit www.sigmadesigns.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about the benefits of the use of Z-Wave in product offerings, including the benefits of certain enhanced features of Z-Wave devices. Actual results may vary materially due to a number of factors including, but not limited to, consumer and customer acceptance of the new and enhanced technology updated to Z-Wave technology, the ability of the Z-Wave technology to compete with other technologies or related products in the market, if any, and the relative success of Z-Wave technology updates, as well as other risks that are detailed from time to time in our reports to the Securities and Exchange Commission, including reports made on Form 10-Q. Readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date hereof. We undertake no obligation to publicly release or otherwise disclose the result of any revision to these forward-looking statements that may be made as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Media Contacts:
Mary Miller
Sigma Designs
+1-510-897-1069
Mary_Miller@sigmadesigns.com
Alexandra Crabb
Caster Communications
+1-401-792-7080
alex@castercomm.com
Source : Sigma Designs, Inc.
--BERNAMA
AVATAR DIRECTOR JAMES CAMERON INVESTS IN VERDIENT FOODS AND CANADIAN ORGANIC FARMING INDUSTRY
Launching today is the Camerons’ Verdient Foods Inc., whose goal is to become the largest organic pea protein fractionation facility in North America
SASKATOON, Saskatchewan, Sept 29 (Bernama-BUSINESS WIRE) -- Oscar-winning film director James Cameron and his wife Suzy Amis Cameron announced today the formation of Verdient Foods Inc. On September 18th, 2017, Verdient Foods opened a new pulse food processing facility in Vanscoy, Saskatchewan, near the province’s largest city, Saskatoon. Once fully operational, the 160,000 metric-ton facility will become the largest organic pea protein fractionation facility in North America.
The Camerons are dedicated to working with Saskatchewan farmers in a mentorship program to provide a profitable structure to keep younger generations of Canadian farmers engaged in organic farming. James Cameron said, “We are working with Saskatchewan farmers through the Verdient Foods processing facility and Saskatoon’s Food Centre to integrate food production with new value-added products.”
http://mrem.bernama.com/viewsm.php?idm=30178
SASKATOON, Saskatchewan, Sept 29 (Bernama-BUSINESS WIRE) -- Oscar-winning film director James Cameron and his wife Suzy Amis Cameron announced today the formation of Verdient Foods Inc. On September 18th, 2017, Verdient Foods opened a new pulse food processing facility in Vanscoy, Saskatchewan, near the province’s largest city, Saskatoon. Once fully operational, the 160,000 metric-ton facility will become the largest organic pea protein fractionation facility in North America.
The Camerons are dedicated to working with Saskatchewan farmers in a mentorship program to provide a profitable structure to keep younger generations of Canadian farmers engaged in organic farming. James Cameron said, “We are working with Saskatchewan farmers through the Verdient Foods processing facility and Saskatoon’s Food Centre to integrate food production with new value-added products.”
http://mrem.bernama.com/viewsm.php?idm=30178
Thursday 28 September 2017
A.M. BEST AFFIRMS CREDIT RATINGS OF LONPAC INSURANCE BHD
SINGAPORE, Sept 28 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Lonpac Insurance Bhd (Lonpac) (Malaysia). The outlook of these Credit Ratings (ratings) is positive.
The rating affirmations reflect Lonpac’s strong risk-adjusted capitalization and very strong track record of operating performance. The company’s risk-adjusted capitalization is supported by a consistent and strong internal capital generation ability that has kept its underwriting leverage low. Lonpac generates one of the highest underwriting margins in Malaysia’s non-life market, and its performance has been very strong compared with its peers based on variety of measures.
http://mrem.bernama.com/viewsm.php?idm=30166
The rating affirmations reflect Lonpac’s strong risk-adjusted capitalization and very strong track record of operating performance. The company’s risk-adjusted capitalization is supported by a consistent and strong internal capital generation ability that has kept its underwriting leverage low. Lonpac generates one of the highest underwriting margins in Malaysia’s non-life market, and its performance has been very strong compared with its peers based on variety of measures.
http://mrem.bernama.com/viewsm.php?idm=30166
AXA HEARTS IN ACTION RUN 2017 CONTRIBUTES RM150,000 TO SUPPORT 5 GOOD CAUSES!
- AXA Hearts In Action Run contributes RM150,000 to 4 NGOs .
- AXA named No.1 Global Insurance Brand for 9th consecutive year.
KUALA LUMPUR, Sept 27 (Bernama) -- The third edition of AXA Hearts In Action Run 2017 (“Run”) recently took place on 24 September 2017 at MAEPS, Serdang. Comprising of 2 categories: 12KM & 6KM, with 5,000 runners putting on colourful Run T-shirts to show their support for one of five social causes:
- Green (ENVIRONMENT) – to support environmental conservation
- Orange (ANIMALS) – to support wildlife protection
- Yellow (HEALTH) – to support healthy lifestyles and the fight against diseases
- Pink (WOMEN) – to support women empowerment
- Blue (CHILDREN) – to support the fight against child poverty
With the Run, a total contribution of RM150,000 was made to four NGO partners – WWF Malaysia, National Kidney Foundation of Malaysia (NKF), National Council of Women’s Organisations Malaysia (NCWO), and World Vision Malaysia (WVM), to support their continuous efforts in making a positive impact in these five causes.
http://mrem.bernama.com/viewsm.php?idm=30154
PIANIST ARASH BEHZADI RELEASES NEW ALBUM 'ELSEWHERE'
A Pianist with a Healing Touch
Toronto, ON, Sept 27 (Bernama-GLOBE NEWSWIRE) -- Personal loss, yearning, passionate love, heartache, prescient dreams and healing journeys are central to the powerful musical narratives in pianist/composer Arash Behzadi’s newest album, Elsewhere, which will be released October 27th 12 a.m. EST.
Toronto, ON, Sept 27 (Bernama-GLOBE NEWSWIRE) -- Personal loss, yearning, passionate love, heartache, prescient dreams and healing journeys are central to the powerful musical narratives in pianist/composer Arash Behzadi’s newest album, Elsewhere, which will be released October 27th 12 a.m. EST.
SEB AND NASDAQ TO BUILD BLOCKCHAIN FOR SWEDISH MUTUAL FUND MARKET
STOCKHOLM, Sweden, Sept 27 (Bernama-GLOBE NEWSWIRE) -- SEB, the Nordic financial services group, and Nasdaq, Inc. (Nasdaq:NDAQ) have announced a joint project to test a developed prototype for a mutual fund trading platform based on blockchain technology. The aim is to increase efficiency in the processing of purchases and sales of fund units and to create a unit ledger – an area which today is largely characterized by manual routines, long settlement cycles and paper driven processes.
“With the help of a blockchain we can create a faster, simpler, more effective and reliable fund market,” said Göran Fors, acting head of Investor Services at SEB. “Funds are increasingly important for our clients and it is with great pleasure that we can announce this important project together with Nasdaq.”
“By leveraging blockchain technology there is strong potential for improvement via digitalization that can reduce manual work, create a faster process and reduce the risk for errors,” said Magnus Haglind, SVP & Head of Product Management, Market Technology, Nasdaq. “This development will look to benefit the fund market and, in the end, also the individual investors through faster response from purchases and sales.”
The concept of the project indicates that, by subscribing to a private blockchain, the various market participants—fund companies, distributors and others—will be able to share a distributed database in which all transactions and changes are registered among all participants in real-time. The cooperation agreement entails that SEB and Nasdaq will continue to develop the technology with the end goal of creating a working prototype, which will be based on the Chain.com blockchain ledger. In addition, the two parties have opened a channel for collaboration with additional interested parties on building a uniformed market infrastructure for Sweden’s fund market.
In contrast to the equities market, which relies on a Central Securities Depository (CSD), the Swedish fund market lacks a central, primary point for registering holdings. This means that the administration of purchases and sales of fund units are handled through an intermediary or directly with each executing party. Since a chain can consist of many links – for example, when a customer via a Swedish bank buys units in a foreign fund company – a relatively large administrative process arises. This is handled today through a combination of different technical solutions, including orders placed by paper driven processes and follow-up phone calls.
Nasdaq’s market infrastructure technologies, including trading, real-time risk, index, clearing, CSD and market surveillance systems are operated in more than 100 marketplaces, regulators, clearinghouses and central securities depositories across the Americas, Europe, Asia, Australia, Africa, the Middle East and the Caribbean.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to 3,800 total listings with a market value of $11 trillion. To learn more, visit: http://business.nasdaq.com
About SEB
SEB is a leading Nordic financial services group with a strong belief that entrepreneurial minds and innovative companies are key in creating a better world. SEB takes a long term perspective and supports its customers in good times and bad. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services. In Denmark, Finland, Norway and Germany the bank's operations have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in its presence in some 20 countries worldwide. At 30 June 2017, the Group's total assets amounted to SEK 2,777 billion while its assets under management totaled SEK 1,835 billion. The Group has around 15,000 employees. Read more about SEB at www.sebgroup.com
For Media Inquiries:
Nasdaq
Ryan Wells (International Media)
ryan.wells@nasdaq.com
Mobile: +44 (0) 7809 596 390
Ulrika Andersson (Swedish Media)
ulrika.andersson@nasdaq.com
Mobile: +46734496852
David Augustsson (Swedish Media)
david.augustsson@nasdaq.com
Mobile: +46734496135
SEB
Frank Hojem, Head of Media Relations
frank.hojem@seb.se
Mobile: +46707639947
- NDAQG -
Source : NASDAQ, Inc.
--BERNAMA
“With the help of a blockchain we can create a faster, simpler, more effective and reliable fund market,” said Göran Fors, acting head of Investor Services at SEB. “Funds are increasingly important for our clients and it is with great pleasure that we can announce this important project together with Nasdaq.”
“By leveraging blockchain technology there is strong potential for improvement via digitalization that can reduce manual work, create a faster process and reduce the risk for errors,” said Magnus Haglind, SVP & Head of Product Management, Market Technology, Nasdaq. “This development will look to benefit the fund market and, in the end, also the individual investors through faster response from purchases and sales.”
The concept of the project indicates that, by subscribing to a private blockchain, the various market participants—fund companies, distributors and others—will be able to share a distributed database in which all transactions and changes are registered among all participants in real-time. The cooperation agreement entails that SEB and Nasdaq will continue to develop the technology with the end goal of creating a working prototype, which will be based on the Chain.com blockchain ledger. In addition, the two parties have opened a channel for collaboration with additional interested parties on building a uniformed market infrastructure for Sweden’s fund market.
In contrast to the equities market, which relies on a Central Securities Depository (CSD), the Swedish fund market lacks a central, primary point for registering holdings. This means that the administration of purchases and sales of fund units are handled through an intermediary or directly with each executing party. Since a chain can consist of many links – for example, when a customer via a Swedish bank buys units in a foreign fund company – a relatively large administrative process arises. This is handled today through a combination of different technical solutions, including orders placed by paper driven processes and follow-up phone calls.
Nasdaq’s market infrastructure technologies, including trading, real-time risk, index, clearing, CSD and market surveillance systems are operated in more than 100 marketplaces, regulators, clearinghouses and central securities depositories across the Americas, Europe, Asia, Australia, Africa, the Middle East and the Caribbean.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to 3,800 total listings with a market value of $11 trillion. To learn more, visit: http://business.nasdaq.com
About SEB
SEB is a leading Nordic financial services group with a strong belief that entrepreneurial minds and innovative companies are key in creating a better world. SEB takes a long term perspective and supports its customers in good times and bad. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services. In Denmark, Finland, Norway and Germany the bank's operations have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in its presence in some 20 countries worldwide. At 30 June 2017, the Group's total assets amounted to SEK 2,777 billion while its assets under management totaled SEK 1,835 billion. The Group has around 15,000 employees. Read more about SEB at www.sebgroup.com
For Media Inquiries:
Nasdaq
Ryan Wells (International Media)
ryan.wells@nasdaq.com
Mobile: +44 (0) 7809 596 390
Ulrika Andersson (Swedish Media)
ulrika.andersson@nasdaq.com
Mobile: +46734496852
David Augustsson (Swedish Media)
david.augustsson@nasdaq.com
Mobile: +46734496135
SEB
Frank Hojem, Head of Media Relations
frank.hojem@seb.se
Mobile: +46707639947
- NDAQG -
Source : NASDAQ, Inc.
--BERNAMA
MOODY'S ANALYTICS WINS THREE CATEGORIES IN ASIA RISK TECHNOLOGY RANKINGS
HONG KONG, Sept 27 (Bernama-BUSINESS WIRE) -- Moody’s Analytics has won three categories and placed #5 overall in the 2017 Asia Risk Technology Rankings. This is the second straight three-win performance by Moody’s Analytics in these prestigious annual rankings. This year, the company topped the IFRS 9, Regulatory Capital Calculation and Management, and Asset & Liability Management categories.
Risk management professionals in banks, hedge funds, pension funds, and corporate treasuries voted on the Asia Risk Technology Rankings.
“We are thrilled to be recognized again as a leading provider of risk and capital management solutions by the readers of Asia Risk,” said Noah Berliner, Managing Director at Moody’s Analytics. “Our clients across the Asia-Pacific region continue to use Moody’s Analytics solutions to improve their overall risk management strategies. I am especially proud that this year we were recognized for our work in helping clients meet their IFRS 9 requirements.”
This year, Asia Risk introduced its first IFRS 9-focused ranking and its readers selected Moody’s Analytics as the leading provider. This recognition reflects the company’s ability in helping clients prepare to comply with the new accounting standard. Whether firms need better data, new forward-looking models, economic forecasting, end-to-end process management tools, advisory services, or a combination of all these elements, Moody’s Analytics can tailor solutions to meet our clients’ unique business needs.
RiskAuthority™ software earned Moody’s Analytics first place in the Regulatory Capital Calculation and Management category. Banks use RiskAuthority software to calculate, consolidate, and report on credit, market, operational, concentration, and liquidity risk. Banks also rely on RiskAuthority software to calculate capital, leverage, and liquidity ratios quickly and accurately in order to meet Basel directives and national regulatory requirements.
Asia Risk readers also selected Moody’s Analytics for the top spot in the Asset & Liability Management (ALM) category on the strength of the Moody’s Analytics RiskConfidence™ solution. By delivering integrated enterprise balance sheet management, the RiskConfidence ALM system helps banks manage interest rate and liquidity risk and analyze cash flows. Banks can also use the RiskConfidence ALM system to determine impairments of financial assets under IFRS 9.
Risk management professionals in banks, hedge funds, pension funds, and corporate treasuries voted on the Asia Risk Technology Rankings.
“We are thrilled to be recognized again as a leading provider of risk and capital management solutions by the readers of Asia Risk,” said Noah Berliner, Managing Director at Moody’s Analytics. “Our clients across the Asia-Pacific region continue to use Moody’s Analytics solutions to improve their overall risk management strategies. I am especially proud that this year we were recognized for our work in helping clients meet their IFRS 9 requirements.”
This year, Asia Risk introduced its first IFRS 9-focused ranking and its readers selected Moody’s Analytics as the leading provider. This recognition reflects the company’s ability in helping clients prepare to comply with the new accounting standard. Whether firms need better data, new forward-looking models, economic forecasting, end-to-end process management tools, advisory services, or a combination of all these elements, Moody’s Analytics can tailor solutions to meet our clients’ unique business needs.
RiskAuthority™ software earned Moody’s Analytics first place in the Regulatory Capital Calculation and Management category. Banks use RiskAuthority software to calculate, consolidate, and report on credit, market, operational, concentration, and liquidity risk. Banks also rely on RiskAuthority software to calculate capital, leverage, and liquidity ratios quickly and accurately in order to meet Basel directives and national regulatory requirements.
Asia Risk readers also selected Moody’s Analytics for the top spot in the Asset & Liability Management (ALM) category on the strength of the Moody’s Analytics RiskConfidence™ solution. By delivering integrated enterprise balance sheet management, the RiskConfidence ALM system helps banks manage interest rate and liquidity risk and analyze cash flows. Banks can also use the RiskConfidence ALM system to determine impairments of financial assets under IFRS 9.
COLD STORAGE MALAYSIA'S FIRST KIDS RUN DRAWS 1,000 CHILDREN TO STARTING LINE!
 |
| CSR Initiative! Mr Pierre-Olivier Deplanck (CEO of GCH Retail (Malaysia) Sdn. Bhd.) presented RM20,000 to MyKasih Foundation as part of Cold Storage Malaysia's CSR initiative. |
PETALING JAYA, Sept 27 (Bernama) -- It was a special Malaysia Day for about 1,000 eager children between four and 12 years-old as they, accompanied by
parents of the younger ones, were flagged off for the inaugural Cold Storage Kids Grow & Glow Run at Central Park Bandar Utama!
The event kicked-off at 6.30am with the playing of "Negaraku", stirring the participants in their custom race t-shirts alongside scores of friends and family to rise
and join in the singing of Malaysia's national anthem. Excited and motivated by the highly charged atmosphere, participants then took their places at the starting point, where they were ceremoniously flagged-off amidst cheers of encouragement from the supporters, right up to when they proudly crossed the finish line.
Joining in the fun run with her children was Datin Dr. Halina Mohd Yunos, wife of Malaysia’s first astronaut, Dr. Sheikh Muszaphar Shukor.
The Kids Grow & Glow Run, organised by Cold Storage Malaysia in conjunction with Malaysia Day, is the country's first-ever kids run to promote healthier eating and living within the community. Featuring the different stages of growth, the 1km race trail brought participants on a learning experience of life's evolution from birth to healthy adulthood. Throughout the race, participants were faced with several “growth obstacles”, which required them, amongst others, to balance themselves across a beam and climb over an inflatable pyramid. The children also learned to differentiate between healthy and unhealthy food choices, and ultimately make the decision to take the correct food path to get to the finish line and claim their medal!
http://mrem.bernama.com/viewsm.php?idm=30161
Wednesday 27 September 2017
FIND OUT CHARISMA OF CHINA'S WETLAND IN RED BEACH
PANJIN, China, Sept 26 (Bernama-AsiaNet) --
| Red Beach, the world's top marshland by area, has entered its best season. The seepweed growing along its shoreline has taken on a crimson red hue while flocks of birds hover above the water, chirping between the reeds. This landscape in Panjin City of Liaoning Province is one of the earliest exemplary destinations in China for wetland tourism and boasts a distinctive beauty that can be found nowhere else across the world. The red color of the marshland is very rare as the seepweed common to coastal areas is green. A recreational wooden path, possibly the most fabulous one of its kind in China, has been built for tourists to mingle with waterfowls, enjoy the fantastic wetland views and experience rich and profound local culture. In this land of fish and rice, an exclusive culinary culture has been developed over the years. A spectacular winter fishing event is held every year in nearby Wolong Lake. For local residents, the event is more of a pray to the nature and an expression of their attachment to the river water. The wetland provides a superior environment for rice to grow. With mitten crabs dwelling in the paddy fields, the single-season rice there has a growing period of 186 days. This rice has actually been designated as the official rice of the 2008 Beijing Olympics Games. Cattail bamboo shoots or Pusun in Chinese is a plant native to the lower reaches of the Liaohe River. Pusun is very sensitive to its growth environment, can only grow wild and has a very low yield. The nutrient-rich food is being like by a lot more people. Red Beach sees the perfect blend of natural scenery and industrial development. Panjin is a famous oil city. In the vicinity of the scenic spot, there are rows of derricks and extraction equipment. Thanks to strict clean production practice, no single oil stain can be found on the production platforms. It is a fantastic getaway where vacationers can do more than sightseeing. They can experience ecological agriculture, going to paddy fields to see cute crop pictures and even having their own customized croplands. Specializing in the use of bio-energy, the resort offers a splendid environment-friendly rural scenery. For more information, please contact: Ms. Li Tel: +86-186-4277-7977 Source: Panjin Red Beach Wetland Resort Administrative Committee Image Attachments Links: http://asianetnews.net/view-attachment?attach-id=297250 |
--BERNAMA
ARKADIN ANNOUNCES NEW MANAGED SERVICES FOR OFFICE 365 TO ENABLE BUSINESSES TO SUCCESSFULLY IMPLEMENT MICROSOFT CLOUD VOICE
Proven Microsoft-certified services empower the organizational change required to drive adoption of Microsoft’s cloud UC suite
SINGAPORE, Sept 27 (Bernama-GLOBE NEWSWIRE) -- Arkadin, an NTT Communications company and market leader in cloud communications, including Unified Communications and Collaboration services, has rolled out comprehensive capabilities to enable global clients to successfully transition to Microsoft’s cloud UC suite. Arkadin Managed Services (AMS) for O365 provides real time support for Microsoft cloud voice, online meetings, Meeting Broadcast and advanced voice requirements (in both Skype for Business and Microsoft Teams). Arkadin’s proven 360-degree methodology ensures high levels of adoption and productivity for customers in their Microsoft workplace transformation journey.
http://mrem.bernama.com/viewsm.php?idm=30156
SINGAPORE, Sept 27 (Bernama-GLOBE NEWSWIRE) -- Arkadin, an NTT Communications company and market leader in cloud communications, including Unified Communications and Collaboration services, has rolled out comprehensive capabilities to enable global clients to successfully transition to Microsoft’s cloud UC suite. Arkadin Managed Services (AMS) for O365 provides real time support for Microsoft cloud voice, online meetings, Meeting Broadcast and advanced voice requirements (in both Skype for Business and Microsoft Teams). Arkadin’s proven 360-degree methodology ensures high levels of adoption and productivity for customers in their Microsoft workplace transformation journey.
http://mrem.bernama.com/viewsm.php?idm=30156
SKY9 CAPITAL LED A $5 MILLION SERIES A+ ROUND IN CHINA SOCIAL E-COMMERCE PLATFORM HOME, INC.
HONG KONG, Sept 26 (Bernama-GLOBE NEWSWIRE) -- Home Inc., a social e-commerce platform for the home furnishing industry, recently announced the completion of a $5 million Series A+ round of financing led by Sky9 Capital with participation from existing investor Capital Today.
Home Inc. is a leading social e-commerce platform for furniture and home furnishings in China. The Hangzhou-based company provides an online platform that utilizes an innovative, sharing-economy approach to sales and marketing, connecting prospective customers with prior customers both online and offline. The company is different from other furniture e-commerce companies because it provides a network of virtual showrooms, called “Lifestyle Homes”, for prospective customers to personally experience the products in a real offline home environment. The prospective customer can also interact with existing furniture owners either online or offline at these Lifestyle Homes for detailed information on the products prior to purchasing, resulting in improved customer experience and satisfaction.
Home Inc.’s Founder and CEO Qiming Zhao commented: “The furniture industry is complicated, so I have been very selective about potential investors. Sky9’s team has a strong track record of investing in some of the leading sharing economy and social e-commerce companies in China, like Tujia, PinDuoDuo, MaMaDaV, and XiaoHongChun. I look forward to continuing to work with the partners of Sky9 as I value their experience and strategic insights.”
Home Inc. is a leading social e-commerce platform for furniture and home furnishings in China. The Hangzhou-based company provides an online platform that utilizes an innovative, sharing-economy approach to sales and marketing, connecting prospective customers with prior customers both online and offline. The company is different from other furniture e-commerce companies because it provides a network of virtual showrooms, called “Lifestyle Homes”, for prospective customers to personally experience the products in a real offline home environment. The prospective customer can also interact with existing furniture owners either online or offline at these Lifestyle Homes for detailed information on the products prior to purchasing, resulting in improved customer experience and satisfaction.
Home Inc.’s Founder and CEO Qiming Zhao commented: “The furniture industry is complicated, so I have been very selective about potential investors. Sky9’s team has a strong track record of investing in some of the leading sharing economy and social e-commerce companies in China, like Tujia, PinDuoDuo, MaMaDaV, and XiaoHongChun. I look forward to continuing to work with the partners of Sky9 as I value their experience and strategic insights.”
HYPERBIT ANNOUNCED AS WORLDWIDE RETAIL PARTNER FOR L21 LITECOIN MINER
HONG KONG, Sept. 27, 2017/Medianet International-AsiaNet/ --
Block Assets Limited (http://www.blockassets.io/) trading as HyperBit (http://www.hyperbitshop.io/), a Hong Kong based company for the emerging crypto-currency market, has been appointed as the worldwide distribution partner for Bewang Electronic Commerce Company Limited (BW) to exclusively sell the World's Fastest Application Specific Integrated Circuit (ASIC) Scrypt Miner for Litecoin, the L21, to its customers globally via its online store.
Trading online as HyperBit Shop, the retail website has been launched to the world today and for the first time crypto-currency "miners" will be able to order the L21 Miner for Litecoin in any quantity. The manufacturer, BW has previously limited the sale of the L21 to major mining companies, with large minimum order quantities required.
http://mrem.bernama.com/viewsm.php?idm=30157
Block Assets Limited (http://www.blockassets.io/) trading as HyperBit (http://www.hyperbitshop.io/), a Hong Kong based company for the emerging crypto-currency market, has been appointed as the worldwide distribution partner for Bewang Electronic Commerce Company Limited (BW) to exclusively sell the World's Fastest Application Specific Integrated Circuit (ASIC) Scrypt Miner for Litecoin, the L21, to its customers globally via its online store.
Trading online as HyperBit Shop, the retail website has been launched to the world today and for the first time crypto-currency "miners" will be able to order the L21 Miner for Litecoin in any quantity. The manufacturer, BW has previously limited the sale of the L21 to major mining companies, with large minimum order quantities required.
http://mrem.bernama.com/viewsm.php?idm=30157
Tuesday 26 September 2017
TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION'S 300MA SMALL LDO REGULATOR ICS COMBINE LOW QUIESCENT BIAS CURRENT WITH HIGH RIPPLE REJECTION RATIO AND FAST LOAD TRANSIENT RESPONSE
TOKYO, Sept 26 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation (TDSC) has released the “TCR3UG” series of small package, low-dropout (LDO) regulators with an output current of 300mA, that are suitable for power management of IoT modules, wearable devices and smartphones. Shipment of the first products in the series starts today, and other will follow in turn.
The quiescent bias current of an LDO regulator is the result of a trade-off between its ripple rejection ratio and load transient response. The TCR3UG series regulators deliver the industry’s best trade-offs between these characteristics[1]. They also deliver various protection features, such as thermal shutdown, overcurrent protection and inrush current suppression. Housed in the industry-leading small WCSP4F package[1], which measures 0.645mm x 0.645mm (typ.), t=0.33mm (max), the TCR3UG series helps reduce the size and thickness of mobile applications.
http://mrem.bernama.com/viewsm.php?idm=30148
The quiescent bias current of an LDO regulator is the result of a trade-off between its ripple rejection ratio and load transient response. The TCR3UG series regulators deliver the industry’s best trade-offs between these characteristics[1]. They also deliver various protection features, such as thermal shutdown, overcurrent protection and inrush current suppression. Housed in the industry-leading small WCSP4F package[1], which measures 0.645mm x 0.645mm (typ.), t=0.33mm (max), the TCR3UG series helps reduce the size and thickness of mobile applications.
http://mrem.bernama.com/viewsm.php?idm=30148
ARYAKA PRESENTS ITS GLOBAL SD-WAN AT THE IDC CIO SUMMIT 2017 IN SINGAPORE
SINGAPORE, Sept 26 (Bernama-GLOBE NEWSWIRE) -- Aryaka®, the leading global SD-WAN provider, today announced it is showcasing its SmartCONNECT and SmartACCESS, the first clientless SD-WAN, at IDC and Executive Networks Media’s CIO Summit 2017, the foremost gathering of CIOs in Asia, on Sept. 26, at the Marina Bay Sands and Convention Centre. Aryaka is both a sponsor and exhibitor at the event, which keeps CIOs and senior executives in Asia aware of the latest global trends in IT and the impact on their industries.
http://mrem.bernama.com/viewsm.php?idm=30150
http://mrem.bernama.com/viewsm.php?idm=30150
PENFUND LEADS SECOND LIEN REFINANCING FOR GIVE & GO PREPARED FOODS
TORONTO, Canada, Sept 26 (Bernama-GLOBE NEWSWIRE) -- Penfund, an independent provider of junior capital to middle market companies in the United States and Canada, announced today an incremental investment in Give & Go Prepared Foods Corp. (“Give & Go” or the “Company”) by Penfund Capital Fund V (the “Fund”). The Fund provided an additional US$15 million of second lien debt as part of Give & Go’s recent first and second lien refinancing transaction.
Penfund acted as lead investor and agent for the upsized second lien facility. Adam Breslin, partner at Penfund, commented, “We are pleased to support Thomas H. Lee Partners in their recapitalization of Give & Go. Give & Go has performed well since being acquired by THL and we are excited about the Company’s prospects.”
http://mrem.bernama.com/viewsm.php?idm=30145
Penfund acted as lead investor and agent for the upsized second lien facility. Adam Breslin, partner at Penfund, commented, “We are pleased to support Thomas H. Lee Partners in their recapitalization of Give & Go. Give & Go has performed well since being acquired by THL and we are excited about the Company’s prospects.”
http://mrem.bernama.com/viewsm.php?idm=30145
GLOBAL TOP 100 CITY DESTINATION RANKING - LONDON AMONG THE TOP 5 CITIES
LONDON, Sept 25 (Bernama-BUSINESS WIRE) -- Global market research company Euromonitor International will present for the first time at the World Travel Market (WTM) London, the highly anticipated Top 100 City Destinations Ranking report, now incorporating global travel trends. Ahead of the release of the full city destination ranking on November 7, 2017, Euromonitor International reveals today insights on how travel trends are borne out of the opportunities and challenges that cities face.
According to Euromonitor International, London is the only UK city listed in the top 100 city destinations ranking, with 19.19 million tourists visiting the city in 2016. However, due to recent terrorist attacks, arrivals to London will see a slower growth of 3.4 percent in 2017, compared to a national average growth of 5.2 percent. Euromonitor predicts that post Brexit, other UK cities will grow at a faster rate, driven by rail developments, as UK authorities look for alternatives to improve transport links beyond London. Cities that could benefit from this are Edinburgh, the second ranked UK city with 1.6 million inbound arrivals, Birmingham and Manchester (1.2m), as well as Glasgow (688,000).
Euromonitor International Senior Travel Analyst, Wouter Geerts, comments: “The UK is in the throes of Brexit, which seems to be impacting every political and corporate decision made. Depending on your interests, Brexit is a good or bad thing for the travel industry. While many will argue that projects are still focused too much on London, the positive outlook and hope is that projects like Crossrail and the Thameslink Programme are the start of a rail revolution. What the UK government might be lacking in ambition, is made up tenfold by companies like Hyperloop One, which currently is still in the concept and testing stages of its hyperloop infrastructure.”
Euromonitor International Senior Travel Analyst, Wouter Geerts, comments: “The UK is in the throes of Brexit, which seems to be impacting every political and corporate decision made. Depending on your interests, Brexit is a good or bad thing for the travel industry. While many will argue that projects are still focused too much on London, the positive outlook and hope is that projects like Crossrail and the Thameslink Programme are the start of a rail revolution. What the UK government might be lacking in ambition, is made up tenfold by companies like Hyperloop One, which currently is still in the concept and testing stages of its hyperloop infrastructure.”
GAINEY MCKENNA & EGLESTON ANNOUNCES VIMPELCOM, LTD. CLASS ACTION LITIGATION UPDATE (NOW KNOWN AS VEON LTD.) (VEON)
NEW YORK, Sept 25 (Bernama-GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces Class Action update regarding VEON, Ltd. (“VEON” or the Company”) (NASDAQ:VEON), previously known as VimpelCom, Ltd.
On December 9, 2016, Lead Plaintiff in the action filed an amended class action complaint. The amended complaint asserts claims on behalf of all persons or entities that purchased VimpelCom securities (now VEON) between December 4, 2010 and November 3, 2015 inclusive (the “Class Period”), and seeks to pursue violations of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10(b)-5 promulgated thereunder. Recently, the Court issued an important decision which denied the Company’s attempt to dismiss the class action. In particular, the Court’s decision denied Defendants’ motion to dismiss and sustained most of the claims in the amended class action complaint.
A copy of the amended class action complaint and the Court’s decision can be found at our website at www.gme-law.com.
If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com or gegleston@gme-law.com.
Please visit our website at http://www.gme-law.com for more information about the firm.
Source : Gainey McKenna & Egleston
--BERNAMA
On December 9, 2016, Lead Plaintiff in the action filed an amended class action complaint. The amended complaint asserts claims on behalf of all persons or entities that purchased VimpelCom securities (now VEON) between December 4, 2010 and November 3, 2015 inclusive (the “Class Period”), and seeks to pursue violations of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10(b)-5 promulgated thereunder. Recently, the Court issued an important decision which denied the Company’s attempt to dismiss the class action. In particular, the Court’s decision denied Defendants’ motion to dismiss and sustained most of the claims in the amended class action complaint.
A copy of the amended class action complaint and the Court’s decision can be found at our website at www.gme-law.com.
If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com or gegleston@gme-law.com.
Please visit our website at http://www.gme-law.com for more information about the firm.
Source : Gainey McKenna & Egleston
--BERNAMA
ENJOY THE FUN BEYOND THE FAIRWAYS!
Sime Darby LPGA Malaysia offers entertainment for the entire family
KUALA LUMPUR, Sept 25 (Bernama) -- Good music and a feast of food and entertainment all around, ‘Malaysia’s most fun golf tournament’ is back again from 26 - 29 October 2017. The 8th edition of the only international ladies golf tournament in the land will see a host of fun activities with appeal to golfers, families and young adults alike.
Gourmet Kitchen On Wheels
Scrumptious delights brought to you by KL’s favourite food trucks - Cowboys Food Truck, Mad Miles, Wheeloaf, and First Order Food Truck. If food on wheels isn’t enough, TPC Kuala Lumpur’s very own Chef Arnold will be curating a wide range of affordable, authentic Malaysian dishes that will be available at the food stalls throughout the Festival Zone.
http://mrem.bernama.com/viewsm.php?idm=30131
KUALA LUMPUR, Sept 25 (Bernama) -- Good music and a feast of food and entertainment all around, ‘Malaysia’s most fun golf tournament’ is back again from 26 - 29 October 2017. The 8th edition of the only international ladies golf tournament in the land will see a host of fun activities with appeal to golfers, families and young adults alike.
Gourmet Kitchen On Wheels
Scrumptious delights brought to you by KL’s favourite food trucks - Cowboys Food Truck, Mad Miles, Wheeloaf, and First Order Food Truck. If food on wheels isn’t enough, TPC Kuala Lumpur’s very own Chef Arnold will be curating a wide range of affordable, authentic Malaysian dishes that will be available at the food stalls throughout the Festival Zone.
http://mrem.bernama.com/viewsm.php?idm=30131
NASDAQ WELCOMES SECOO HOLDING LIMITED (NASDAQ: SECO) TO THE NASDAQ GLOBAL MARKET
NEW YORK, Sept 25 (Bernama-GLOBE NEWSWIRE) -- Secoo Holding Limited (Nasdaq:SECO), Asia's largest online integrated upscale products and services platform, rang the opening bell at the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Global Market.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/45f7dc57-524d-4463-a839-d201c341a0f1
http://www.globenewswire.com/NewsRoom/AttachmentNg/149603ca-4949-4531-bf94-aeb6ded2e6df
http://www.globenewswire.com/NewsRoom/AttachmentNg/e80a55e0-3858-41cb-80d3-9c9296d6143a
Secoo is a consumer-focused online retail platform that offers offline experience centers to provide customer support and membership services. Secoo has built a trusted and comprehensive global supply chain for upscale products and lifestyle services that are designed to meet the diverse purchase preferences and needs of customers, varying from in-season luxury products, to highly sought-after classic styles, and to vintage and rare products. Secoo prides themselves on high quality, and applies its sophisticated authentication procedures to ensure that every product offered on its platform is authentic.
“We are excited to become listed on The Nasdaq Global Market, which marks an important milestone for everyone at Secoo,” commented Mr. Richard Rixue Li, Chairman and Chief Executive Officer of Secoo Holding Limited, “China’s economy is transforming and consumers are increasingly shifting their consumption preferences toward upscale products and services. With over 300,000 SKUs, covering over 3,000 global and domestic premium brands, Secoo has become Asia’s largest online integrated upscale products and services platform, and is uniquely positioned to best serve Chinese consumers’ growing needs. As we become a publicly-traded company, we look forward to accelerating our growth and embracing the enormous opportunities ahead of us.”
“Secoo’s platform brings a plethora of high-end products and services directly to their customers,” said Bob McCooey, Senior Vice President and Global Head of Capital Markets, Nasdaq, “Their innovative integration of online and offline shopping platforms offers a superior customer focus. We are thrilled to work by their side as they continue to disrupt the retail space on their journey as a public company.”
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $12 trillion. To learn more, visit: http://business.nasdaq.com
Media Relations Contacts:
Stephanie Lowenthal
(646) 441-5073
Stephanie.Lowenthal@nasdaq.com
Emily Pan
(646) 441-5120
emily.pan@nasdaq.com
- NDAQG -
Source : NASDAQ, Inc.
--BERNAMA
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/45f7dc57-524d-4463-a839-d201c341a0f1
http://www.globenewswire.com/NewsRoom/AttachmentNg/149603ca-4949-4531-bf94-aeb6ded2e6df
http://www.globenewswire.com/NewsRoom/AttachmentNg/e80a55e0-3858-41cb-80d3-9c9296d6143a
Secoo is a consumer-focused online retail platform that offers offline experience centers to provide customer support and membership services. Secoo has built a trusted and comprehensive global supply chain for upscale products and lifestyle services that are designed to meet the diverse purchase preferences and needs of customers, varying from in-season luxury products, to highly sought-after classic styles, and to vintage and rare products. Secoo prides themselves on high quality, and applies its sophisticated authentication procedures to ensure that every product offered on its platform is authentic.
“We are excited to become listed on The Nasdaq Global Market, which marks an important milestone for everyone at Secoo,” commented Mr. Richard Rixue Li, Chairman and Chief Executive Officer of Secoo Holding Limited, “China’s economy is transforming and consumers are increasingly shifting their consumption preferences toward upscale products and services. With over 300,000 SKUs, covering over 3,000 global and domestic premium brands, Secoo has become Asia’s largest online integrated upscale products and services platform, and is uniquely positioned to best serve Chinese consumers’ growing needs. As we become a publicly-traded company, we look forward to accelerating our growth and embracing the enormous opportunities ahead of us.”
“Secoo’s platform brings a plethora of high-end products and services directly to their customers,” said Bob McCooey, Senior Vice President and Global Head of Capital Markets, Nasdaq, “Their innovative integration of online and offline shopping platforms offers a superior customer focus. We are thrilled to work by their side as they continue to disrupt the retail space on their journey as a public company.”
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $12 trillion. To learn more, visit: http://business.nasdaq.com
Media Relations Contacts:
Stephanie Lowenthal
(646) 441-5073
Stephanie.Lowenthal@nasdaq.com
Emily Pan
(646) 441-5120
emily.pan@nasdaq.com
- NDAQG -
Source : NASDAQ, Inc.
--BERNAMA
A.M. BEST COMMENTS ON CREDIT RATINGS OF SOVEREIGN ASSURANCE COMPANY LIMITED
SINGAPORE, Sept 25 (Bernama-BUSINESS WIRE) -- A.M. Best has commented that the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” of Sovereign Assurance Company Limited (Sovereign) (New Zealand) remain unchanged following the announcement that the company will be acquired. The outlook of these Credit Ratings (ratings) remains stable.
This commentary follows the Sept. 21, 2017, announcement from Sovereign’s ultimate parent, Commonwealth Bank of Australia, that it will sell 100% of its life insurance business in Australia and New Zealand to AIA Group Limited (AIA) (Hong Kong). The sale agreement also includes a 20-year partnership with AIA for the provision of life insurance products to customers in Australia and New Zealand.
The transaction remains subject to regulatory approval and is expected to close in 2018. A.M. Best will continue to monitor the progress of the acquisition and evaluate developments for any impact on the ratings.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
The transaction remains subject to regulatory approval and is expected to close in 2018. A.M. Best will continue to monitor the progress of the acquisition and evaluate developments for any impact on the ratings.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
ALIPAY TEAMS UP WITH NORDIC PARTNERS TO BRING "SMART TOURISM" TO CHINESE VISITORS
HANGZHOU, China, Sept 25 (Bernama-GLOBE NEWSWIRE) -- Alipay, the world’s largest online and mobile payment platform, operated by Ant Financial Services Group (“Ant Financial”, “Ant”), today announced that it has signed separate MoUs with Finpro (Finland), Svensk Handel (Sweden) and the Scandinavian Tourist Board, which will enable merchants across Nordic region to accept payment via Alipay and reach Chinese customers before, during and after their visit via Alipay’s in-app marketing platform.
This will bring Chinese tourists the same convenient payment and travel experience that they enjoy in China.
Douglas Feagin, President of International Business, Ant Financial Services Group, said, “Alipay has been leading the trend of smart living in China. People not only use Alipay for payment, but also for settlement of all types of needs in their daily life. As part of our globalization strategy, we are focused on working with local partners to bring this smart lifestyle to Chinese tourists, no matter where they go.”
Over 500 merchants in Finland already accept Alipay and are searchable on Alipay’s Discover Platform, including well-known brands in Helsinki such as Marimekko, Iittala and Marja Kurki. Finland’s latest addition to the Alipay ecosystem is retail giant Stockmann. ePassi, a leading e-payment company in Europe, and the largest e-wallet in Finland, has been working with Finpro, a government owned organization promoting trade, investment and tourism in Finland, to promote Alipay among merchants in the country.
Alexander Yin, CFO of ePassi, said, “Together with Alipay, we are building a smart tourism ecosystem for Chinese tourists. Now Chinese users have an easy and flexible way to enjoy a full Finnish shopping experience without a language or currency barrier. The convenient payment experience starts when a Chinese tourist books his or her flight ticket and hotel room online, continues with shopping on Finnair flights between China and Helsinki, and, once there, encompasses everything from hop-on-hop-off buses and sightseeing in Helsinki to shopping, dining, enjoying a classic Finnish sauna, and even meeting the Moomin in Naantali or Santa Claus up in Lapland.”
In Sweden, several merchants including luxury watch shops have already launched Alipay through local partner Cimple in a network that is gradually expanding. Alipay’s latest MoU with Svensk Handel (“Swedish Trade Federation”), the employers’ association serving the entire trade and commerce sector, will see the two sides promote Alipay with Business Sweden, an organisation jointly owned by the Government of Sweden and representatives from the Swedish business community. Swedish State Secretary to the Minister for EU Affairs and Trade Oscar Stenström witnessed the signing of the MoU.
Mr. Mats Hedenström, Head of Policy at Svensk Handel, said, “In Sweden, 90% of transactions are now cashless. We find it’s a safe and efficient solution for both customers and merchants. Tourists may find some shops here don’t accept cash at all. Svensk Handel’s intention in signing up with Alipay is to make it more convenient for the growing group of Chinese visitors to enjoy shopping in Sweden.”
In Norway, 2paynow, a leading mobile payment and tax refund marketing provider in Europe, and its sales partner APay are working with the Scandinavian Tourist Board to introduce Alipay services to the Norwegian market in September. Per Holte, Chairman of Scandinavian Tourist Board, said, “Numbers of Chinese tourists, especially free independent tourists (FITs), have been increasing rapidly in the recent years and China has become an important market for the Scandinavian tourism industry. We will further deploy Alipay services in this region with 2paynow to help local merchants understand and service Chinese tourists better, which will strengthen the advantages of Scandinavian countries as Chinese-friendly destinations.”
Meanwhile, Nets, the largest Nordic vendor of digital receipt solutions, is also bringing Alipay to merchants in Denmark and beyond.
Alipay is now accepted by more than 10 million merchants across China and by bricks-and-mortar shops in 32 countries and territories.
According to the World Tourism Organisation, 2016 was another strong year for outbound tourism from China, the world's leading outbound market. International tourism expenditure grew by US$11 billion to US$261 billion, an increase of 12%. The number of outbound travellers rose 6% to 135 million in 2016.
About Alipay
Operated by Ant Financial Services Group, Alipay is the world’s largest mobile and online payment platform. Launched in 2004, Alipay currently has over 520 million active users and over 450 financial institution partners globally. Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, or purchase wealth management products directly from within the app. In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China. Over 10 million brick-and-mortar merchants now accept Alipay across China. Alipay’s in-store payment service is covering more than 30 countries across the world, and tax reimbursement via Alipay is supported in 24 countries and regions. Alipay works with over 250 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travelling overseas and overseas customers who purchase products from Chinese e-commerce sites. Alipay currently supports 27 currencies.
About Ant Financial
Ant Financial Services Group is focused on serving small and micro enterprises, as well as individuals. With the vision “bring the world equal opportunities,” Ant Financial is dedicated to building an open ecosystem of Internet thinking and technologies while working with other financial institutions to support the future financial needs of society. Businesses operated by Ant Financial Services Group include Alipay, Ant Fortune, Zhima Credit and MYbank.
For more information on Ant Financial, please visit our website at www.antgroup.com; or follow us on Twitter @AntFinancial.
Media Enquiries
Ant Financial
Xinyun Yang
xinyun.yang@antfin.com
+86 138 1689 6301
Source : Ant Financial Services Group
--BERNAMA
This will bring Chinese tourists the same convenient payment and travel experience that they enjoy in China.
Douglas Feagin, President of International Business, Ant Financial Services Group, said, “Alipay has been leading the trend of smart living in China. People not only use Alipay for payment, but also for settlement of all types of needs in their daily life. As part of our globalization strategy, we are focused on working with local partners to bring this smart lifestyle to Chinese tourists, no matter where they go.”
Over 500 merchants in Finland already accept Alipay and are searchable on Alipay’s Discover Platform, including well-known brands in Helsinki such as Marimekko, Iittala and Marja Kurki. Finland’s latest addition to the Alipay ecosystem is retail giant Stockmann. ePassi, a leading e-payment company in Europe, and the largest e-wallet in Finland, has been working with Finpro, a government owned organization promoting trade, investment and tourism in Finland, to promote Alipay among merchants in the country.
Alexander Yin, CFO of ePassi, said, “Together with Alipay, we are building a smart tourism ecosystem for Chinese tourists. Now Chinese users have an easy and flexible way to enjoy a full Finnish shopping experience without a language or currency barrier. The convenient payment experience starts when a Chinese tourist books his or her flight ticket and hotel room online, continues with shopping on Finnair flights between China and Helsinki, and, once there, encompasses everything from hop-on-hop-off buses and sightseeing in Helsinki to shopping, dining, enjoying a classic Finnish sauna, and even meeting the Moomin in Naantali or Santa Claus up in Lapland.”
In Sweden, several merchants including luxury watch shops have already launched Alipay through local partner Cimple in a network that is gradually expanding. Alipay’s latest MoU with Svensk Handel (“Swedish Trade Federation”), the employers’ association serving the entire trade and commerce sector, will see the two sides promote Alipay with Business Sweden, an organisation jointly owned by the Government of Sweden and representatives from the Swedish business community. Swedish State Secretary to the Minister for EU Affairs and Trade Oscar Stenström witnessed the signing of the MoU.
Mr. Mats Hedenström, Head of Policy at Svensk Handel, said, “In Sweden, 90% of transactions are now cashless. We find it’s a safe and efficient solution for both customers and merchants. Tourists may find some shops here don’t accept cash at all. Svensk Handel’s intention in signing up with Alipay is to make it more convenient for the growing group of Chinese visitors to enjoy shopping in Sweden.”
In Norway, 2paynow, a leading mobile payment and tax refund marketing provider in Europe, and its sales partner APay are working with the Scandinavian Tourist Board to introduce Alipay services to the Norwegian market in September. Per Holte, Chairman of Scandinavian Tourist Board, said, “Numbers of Chinese tourists, especially free independent tourists (FITs), have been increasing rapidly in the recent years and China has become an important market for the Scandinavian tourism industry. We will further deploy Alipay services in this region with 2paynow to help local merchants understand and service Chinese tourists better, which will strengthen the advantages of Scandinavian countries as Chinese-friendly destinations.”
Meanwhile, Nets, the largest Nordic vendor of digital receipt solutions, is also bringing Alipay to merchants in Denmark and beyond.
Alipay is now accepted by more than 10 million merchants across China and by bricks-and-mortar shops in 32 countries and territories.
According to the World Tourism Organisation, 2016 was another strong year for outbound tourism from China, the world's leading outbound market. International tourism expenditure grew by US$11 billion to US$261 billion, an increase of 12%. The number of outbound travellers rose 6% to 135 million in 2016.
About Alipay
Operated by Ant Financial Services Group, Alipay is the world’s largest mobile and online payment platform. Launched in 2004, Alipay currently has over 520 million active users and over 450 financial institution partners globally. Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, or purchase wealth management products directly from within the app. In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China. Over 10 million brick-and-mortar merchants now accept Alipay across China. Alipay’s in-store payment service is covering more than 30 countries across the world, and tax reimbursement via Alipay is supported in 24 countries and regions. Alipay works with over 250 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travelling overseas and overseas customers who purchase products from Chinese e-commerce sites. Alipay currently supports 27 currencies.
About Ant Financial
Ant Financial Services Group is focused on serving small and micro enterprises, as well as individuals. With the vision “bring the world equal opportunities,” Ant Financial is dedicated to building an open ecosystem of Internet thinking and technologies while working with other financial institutions to support the future financial needs of society. Businesses operated by Ant Financial Services Group include Alipay, Ant Fortune, Zhima Credit and MYbank.
For more information on Ant Financial, please visit our website at www.antgroup.com; or follow us on Twitter @AntFinancial.
Media Enquiries
Ant Financial
Xinyun Yang
xinyun.yang@antfin.com
+86 138 1689 6301
Source : Ant Financial Services Group
--BERNAMA
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