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NOV
26

China Ceramics Announces Progress in its Plans to Enter the Malaysian Market

JINJIANG, China, Nov. 26, 2019 /PRNewswire/ -- China Ceramics Co., Ltd. (NASDAQ Capital Market: CCCL) ("China Ceramics" or the "Company"), a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings, today announced that the Company has entered into a non-binding letter of intent with a Malaysian contractor for the Company's ceramic tiles including its new 'cooling' ceramic tiles that it introduced in August of 2019. The Malaysian contractor intends to use the Company's ceramic tile products for use in high rise apartment buildings in the third quarter of 2020.

"This is an important step to increasing our exports to Southeast Asia due to the rapid rise in construction in the region and its climate conditions which make it an ideal fit for many of our ceramic tile products. Provided that the market demand and related conditions are in place, we plan upon substantially increasing our exports to this region," said Ms. Meishuang Huang, Chief Executive Officer of China Ceramics. "China Ceramics continues to deploy innovation and competitive pricing to secure new business. We believe that our new products will help us to enter new markets and ultimately diversify our revenue stream while contributing to our future growth."

The Company's anticipated entry into Malaysia is the first step of an expansion effort into Southeast Asia that is intended to capitalize upon the increased level of the region's new building construction which is due in part to China's Belt and Road Initiative. The Company foresees this as an opportunity to utilize its currently unused production capacity as it enters a dynamic regional market with an estimated population of 660 million people. The Company's Chief Executive Officer, Ms. Huang Meishuang, will oversee the execution of this planned expansion.

The Company plans to introduce specialized products into the Southeast Asia market that are suitable for the region due its generally warm climate, including the Company's recently announced new 'cooling' ceramic tiles. This building product is a new type of exterior ceramic tile designed to cool indoor temperatures of buildings. The new cooling ceramic tile series is designed as a stone pattern with a look of natural décor and luxury with richer patterns than organic stone materials. The Company is in the final stages of testing the new product and receiving its certification.

About China Ceramics Co., Ltd.

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NOV
26

TuanChe Limited. - Tmall-Auto Strategic Partnership To Explore New Business Model & Growth Opportunity

NEW YORK, Nov. 26, 2019 /PRNewswire/ -- Stone Street Group has announced it has published 2019 Q3 earnings update note on TuanChe Limited. (Nasdaq: TC).

The full report can be found here: TuanChe 2019 Q3 Update Report

Key Report Highlights:

TuanChe's net revenues from the first 9 months of 2019 grew by 8.8% YoY, remaining outperformed the overall industry where September marked the 15th consecutive month of a year-over-year decline in industry-wide passenger car sales in China. Gross profit also showed a YoY growth of 7.2% over a margin of ~70.6%.

Taking into consideration of the ongoing macroeconomic headwinds facing the auto industry, as well as heightened emission regulations, TuanChe management expects the company's net revenues to range from approximately RMB190 million to RMB200 million, representing an approximate YoY decrease of 16.1% to 11.7% in 4Q-2019, reflective of TuanChe's view on current business operating and market condition.

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NOV
26

Ideanomics Signs Deal with State-Owned Yunnan Energy To Create JV For Electric Vehicle Enablement

NEW YORK, Nov. 26, 2019 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company"), has today announced an exclusive agreement with Yunnan Energy to establish a joint venture to promote Electric Vehicle (EV) enablement within the Province, and into South East Asia through the province's designation as China's 'belt and road' partner.

The agreement provides for the establishment of a joint venture between Ideanomics and Yunnan Energy Investment Group Co., Ltd., a state-owned entity currently ranked as 219 in China's top 500 enterprises of 2019. The joint venture will exclusively promote the adoption of EV heavy trucks in the mining-centric province, as well as for Buses, Logistic Vehicles, and Taxis, as part of Ideanomics' MEG division's S2F2C (Sales-to-Financing-to-Charging) program. The JV anticipates leading the China market in this area, and extending its capabilities in China beyond Yunnan province, as well as into the ASEAN region, where Yunnan is the official "belt and road" sponsor and where Ideanomics has an interest in Malaysia's EV manufacturer Treeletrik.

Additionally, the parties will establish a development fund with resources from Yunnan province with two key objectives: 1) EV acquisition to include an operational company for the benefit of the leasor; and 2) Investment into cleantech mobile energy related projects identified by the joint venture, including investment into the construction and management of power grid infrastructure in South Asia and South East Asia to deliver the fast-charging and energy storage solutions required to support the EV industry.

"Yunnan province is an important keystone province, due to its extensive mining activities and its position as the sponsor for China's Belt and Road activities in South East Asia. This agreement, an extension to our recently announced Taxi deal, brings together Ideanomics' MEG division and Yunnan province with a shared objective of enabling commercial EV at scale in China and the ASEAN region," said Alf Poor, CEO of Ideanomics. "Together with the team at Yunnan Energy, we have developed objectives to significantly accelerate commercial EV adoption in China and South East Asia, and to invest in technologies and operating companies that make clean mobile energy a viable proposition."

Ideanomics will begin cooperation with Yunnan Energy immediately and expects to have its joint venture operational in early 2020. Yunnan Energy and MEG will provide the management resources for the JV, leveraging existing personnel in both organizations.

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NOV
26

Bluevisor wins Oracle Innovation Challenge

Bluevisor wins Oracle Innovation Challenge

SEOUL, South Korea, Nov. 26, 2019 /PRNewswire/ -- Bluevisor, a member company of the Born2Global Centre, was recently recognized by the global market for its AI-based asset management solution.

The company received first place in the "Oracle Innovation Challenge" pitching contest hosted by Oracle, a global software corporation. Nine companies that passed the document screening went on to the final round, with Bluevisor named one of three winners. The pitching contest was held on October 30 during Global Mobile Vision 2019, held for the first time in Korea this year (previously held in Australia and India).

In accordance with the win, Bluevisor will be eligible to participate in road shows and, through migration onto Oracle Cloud, receive technological and marketing support and other benefits from Oracle.


Bluevisor received first place in the “Oracle Innovation Challenge” pitching contest.

Bluevisor is a fintech startup that offers comprehensive, independent AI-based asset management solutions. Most recently, it released HIGHBULLS+, an AI platform for investing and asset management that uses AI to conduct all steps of the investment process—from portfolio setup, investment asset allocation to re-balancing portfolio. The service is available on PC or smartphones.

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NOV
26

OPPO Holds Launch for All-New ColorOS 7 Outside of China for the First Time

OPPO Holds Launch for All-New ColorOS 7 Outside of China for the First Time

NEW DELHI, Nov. 26, 2019 /PRNewswire/ -- World-leading smart device brand OPPO held the launch for its all-new ColorOS 7 today in New Delhi, India, the first time it has launched the custom Android-based operating system (OS) outside of China. With a new slogan, "Smooth and Delightful", the event unveiled ColorOS' Infinite Design concept as well as a series of tech solutions and fresh, localized features, to deliver an effortless, user-centered experience.


Martin Liu, Senior Strategy Manager of OPPO ColorOS

"OPPO sought to comprehensively optimize ColorOS, to make it faster and smoother for our more than 300 million users worldwide," said Martin Liu, Senior Strategy Manager of OPPO ColorOS. "This update not only reimagines the system design but enhances the audiovisual and gaming experience. Plus, we have brought our Indian users many localized features to suit their specific needs, and we will continue to expand these localization efforts."

Simple and lightweight, Infinite Design refreshes the user experience

With Infinite Design, ColorOS 7 has adopted a lightweight visual approach that simplifies the user interface, allowing users to focus more on their content. Besides full icon customization, Dark Mode opens up a superb reading experience in all-day conditions, helping users to be more concentrated and reduce battery consumption.

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NOV
26

Manulife launches first-in-market, fully digitized cashless service for day surgeries

Manulife launches first-in-market, fully digitized cashless service for day surgeries

HONG KONG, Nov. 26, 2019 /PRNewswire/ -- Manulife Hong Kong today launched Cashless Day Surgery eService, the market's first all-digital cashless service which enables customers to obtain speedy claims pre-approval for colonoscopy and gastroscopy (OGD) day surgery simply by entering their Hong Kong Identity Card (HKID) number and date of birth on a designated online platform, thereby eliminating the claim submission process.

The new Cashless Day Surgery eService will be phased in at 70 designated specialists and 10 surgical centres across Hong Kong. It is initially offered as a value-added benefit to Manulife's Voluntary Health Insurance Scheme (VHIS) Flexi Plan customers, with plan to extend to the company's other protection products.

At Manulife, close to 40% of medical claims are related to colonoscopy and OGD surgical procedures. Through these investigatory processes doctors can detect and prevent colorectal cancer, and find and treat ulcers, tumours and other diseases of the upper gastrointestinal tract. Colorectal cancer is the most common form of cancer in Hong Kong, accounting for 17% of all new cancer cases, with more than 5,600 people diagnosed in 2017[1].

"For insurance, the claims procedure is the moment of truth in proving the value of protection. At Manulife, enhancing the claims experience has always been a top priority for us," said Guy Mills, Chief Executive Officer of Manulife Hong Kong. "Following our successful eClaims solution, we are excited to present another customer-centric digital service from our insurtech pipeline."

"Our new first-in-market Cashless Day Surgery eService benefits both our customers and medical partners. Colonoscopy and OGD patients only need to take a few simple steps to gain fast pre-approval. There is no paper form and the whole experience is fully digital and seamless. For surgeons, it means a lot less work and lower cost when handling claims," added Mr. Mills.

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NOV
26

Tarena Announces Receipt of Nasdaq Notice

BEIJING, Nov. 26, 2019 /PRNewswire/ -- Tarena International, Inc. (Nasdaq: TEDU) ("Tarena" or the "Company") announced today that it received written notification from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated November 25, 2019, indicating that because the closing bid price of the Company's American Depositary Shares ("ADS") for the last 30 consecutive business days was below US$1.00 per share, the Company no longer meets the minimum bid price requirement for the Nasdaq Global Select Market, set forth in Nasdaq Listing Rule 5450(a)(1). Pursuant to the Nasdaq Listing Rules, the applicable grace period to regain compliance is 180 days, or until May 25, 2020. The Company intends to monitor the closing bid price of its ADS between now and May 25, 2020 and is considering its options, including an adjustment of its ADS-to-Class A ordinary share ratio, in order to regain compliance with the Nasdaq Global Select Market minimum bid price requirement. The Company can cure this deficiency if the closing bid price of its ADS is $1.00 per share or higher for at least ten consecutive business days during the grace period. The Company intends to cure the deficiency within the prescribed grace period.

Safe Harbor Statement

This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Tarena may also make written or oral forward-looking statements in its reports filed with or furnished to the Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to fourth parties. Any statements that are not historical facts, including any statements about Tarena's beliefs and expectations, are forward-looking statements. Many factors, risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements, including, among others, Tarena's expectations relating to regaining and maintaining compliance with Nasdaq's continued listing requirements. Further information regarding these risks, uncertainties or factors is included in Tarena's filings with the Commission. All information provided in this press release is current as of the date of the press release, and Tarena does not undertake any obligation to update such information, except as required under applicable law.

About Tarena International, Inc.

Tarena International, Inc. (NASDAQ: TEDU) is a leading provider of professional education services in China. Through its innovative education platform combining live distance instruction, classroom-based tutoring and online learning modules, Tarena offers professional education courses in IT and non-IT subjects. Tarena also offers K-12 education programs. Its professional education courses provide students with practical skills to prepare them for jobs in industries with significant growth potential and strong hiring demand.

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NOV
26

AXA Macau marks 30th anniversary Collaborates with Luso International Bank to launch Co-branded Credit Card

AXA Macau marks 30th anniversary Collaborates with Luso International Bank to launch Co-branded Credit Card

HONG KONG, Nov. 26, 2019 /PRNewswire/ -- As a life partner of its customers, AXA is committed to satisfying their different needs. As AXA Macau marks the 30th anniversary of its opening in Macau, it today announces its partnership with Luso International Banking Ltd. ('LIB') to launch the 'AXA Co-branded Credit Card'. This co-branded credit card features three currency settlement accounts, along with multiple spending rewards and welcome offers, providing unprecedented convenience and spending experiences to customers in the Guangdong, Hong Kong and Macau areas.


AXA Hong Kong and Macau announced the launch of the ‘AXA Co-branded Credit Card’, providing unprecedented convenience and spending experiences to customers in the Guangdong, Hong Kong and Macau areas.

'As AXA commemorates its 30th anniversary in Macau, we are fully committed to providing comprehensive and all-round insurance services to our customers. Last year, AXA expanded its business in Macau, including opening a new office in the Praia Grande Bay area, introducing innovative insurance technologies and offering digitalised products and services. AXA Macau is actively expanding its sales team to meet the rising demands of the Macau insurance market. We are pleased to collaborate with LIB and become its first insurance partner to launch the Co-branded Credit Card, thus providing a new cross-regional spending and financial management solution for customers who often travel between Guangdong, Hong Kong and Macau. To celebrate AXA Macau's 30th anniversary, we will launch a series of promotions. Other than the collaboration and launching of "AXA Co-branded Credit Card" with LIB, we will launch a large scale digital campaign to giveaway more than 3,000 prizes. Also, AXA Macau will offer 300 travel coupons valued at MOP 50 each to our loyal customers to appreciate their continuous support,' said Ms. Sally Wan, Chief Executive Officer of AXA Hong Kong and Macau.

One card with great flexibility | Overseas traveling and spending with peace of mind

As the economic ties linking Guangdong, Hong Kong and Macau have become increasingly closer in recent years, many Hong Kong and Macau residents need to travel frequently within these areas. The 'AXA Co-branded Credit Card' features settlement accounts for MOP, CNY and HKD. Transactions in Macau and overseas will be settled in MOP. Transactions conducted in mainland China will be settled in CNY, while transactions conducted in Hong Kong will be settled in HKD. This feature enables cardholder(s) to save currency conversion costs and enjoy greater flexibility to settle payments while traveling abroad. The relevant transactions will be shown on the consolidated account statement, allowing customers to review their spending history and settle payments easily and conveniently. In addition, the 'AXA Co-branded Credit Card' offers a 'Pin Transaction' function. Each transaction by the co-branded credit card requires dual transaction authentication with 'password' and 'signature' to better protect card users.

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NOV
26

OANDA strengthens leadership team

LONDON, Nov. 26, 2019 /PRNewswire/ -- A global leader in online multi-asset trading services and currency data and analytics, OANDA Global Corporation has further strengthened its leadership team with two key appointments designed to help the firm execute its aggressive growth plans in the coming years.

With an extensive background in global capital markets and foreign exchange, Mark Chesterman has been named Head of Trading, responsible for leading the global trading team, quantitative analytics and research groups from the firm's London office. A 14-year veteran with IG Markets, Chesterman held a variety of positions throughout his tenure including Head of FX and Futures, however most recently he served as Chief Operating Officer with Stater Global Markets.

Chesterman will report directly into Kurt vom Scheidt, who has accepted the newly-created role of Chief Operating Officer. Originally hired as Chief Product Officer earlier this year, vom Scheidt will now lead the Trading, Product Management, Financial Risk, Business Operations and Solutions for Business teams, playing a pivotal role in supporting OANDA's continued growth in his expanded capacity.

Chief Executive Officer, Gavin Bambury, commented, "A seasoned professional with more than 30 years' experience in the financial services sector - not to mention first-hand experience of working at OANDA - Kurt was an obvious choice for the role of Chief Operating Officer. He is perfectly placed to help drive product improvements, oversee the trading infrastructure and manage financial risk. Meanwhile, Mark's deep-seated expertise and proven track record in the electronic trading industry will help ensure we continue to deliver institutional-grade execution and competitive pricing models for OANDA clients, all around the world."

Bambury continued, "Over the course of the coming months, we will continue to strengthen the OANDA team with a series of strategic hires designed to help accelerate business performance, improve our customer trading experience and fuel company growth. OANDA has an exciting year planned for 2020, and we're fully committed to making sure we have the best possible talent in place to help us achieve our goals."

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NOV
26

YOFC Puts Sustainable Development High on the Agenda at WOFC 2019

YOFC Puts Sustainable Development High on the Agenda at WOFC 2019

CHARLOTTE, N.C., Nov. 26, 2019 /PRNewswire/ -- Yangtze Optical Fibre and Cable ("YOFC" or "the Company") (601869.SH, 06869.HK), a global leading optical fibre and cable provider, participated in the 2019 World Optical Fiber & Cable Conference (WOFC), a premier event that took place from November 18 to 20 in Charlotte, North Carolina. During the event, Zhuang Dan, the Company's Executive Director and President, delivered a speech, addressing market trends and how players in the industry can work together to push ahead of the development of optical fiber cables.


YOFC Executive Director and President (second right) participates in the roundtable discussion with Executives from Corning (left) CRU (right) and Prysmian (second left)

Zhuang, alongside senior executives of Corning Inc. and Prysmian Group, shared his insights on the current status of China's 5G roll-out, and how YOFC develops high-quality products in an internet-of-everything era.

Zhuang said that the internet of everything lays the groundwork for the age of intelligence. "The ubiquitous optical fibre is needed to achieve connections among people and things, and constitutes neural network of IoE," he said.

In terms of China's 5G technology development, Zhuang said that the world's second economy is poised to usher in the 5G era with a large scale deployment from 2020 to 2021. China has seen a total of US$4.7 billion investment in 5G so far this year. In June, China's authorities issued its first batch of 5G licenses, and in November, the country's three major telecommunication operators launched 5G commercial service.

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