ROSEMONT, Ill., July 31 (Bernama-GLOBE NEWSWIRE) -- Global Dairy Platform (GDP), a pre-competitive collaboration of dairy sector organizations focused on encouraging the appropriate intake of nutrient-rich dairy foods and demonstrating the sector’s role in sustainable agriculture, today announced the addition of Mr. Minfang (Jeffery) Lu, Executive Director and the Chief Executive Officer of China Mengniu Dairy Company Limited, to GDP’s Board of Directors.
“We are delighted to welcome Jeffery Lu to our already strong Board. To attract a person with his background and Mengniu’s legacy of success to our collaboration is a testament to the vast opportunities we see GDP has to promote dairy’s contribution to better nutrition, empowering communities and sustainable agriculture,” said Mr. Theo Spierings, GDP Board Chair and Fonterra Chief Executive Officer.
“I am very excited to join the GDP Board of Directors. The dairy sector has a critical role in providing solutions to global health and development challenges,” stated Mr. Lu, “I look forward to contributing towards the success of GDP’s mission to align and support the dairy industry in promoting sustainable dairy nutrition.”
Mr. Lu was appointed Executive Director and Chief Executive Officer of China Mengniu Dairy Company Limited in 2016. A member of GDP since 2013, China Mengniu Dairy Company Limited was GDP’s first member from China. The company is based in Inner Mongolia and is one of the leading dairy product manufacturers in China, with a diverse product range including UHT milk, milk beverages and yogurt, ice cream, and other dairy products such as milk powder and cheese.
Mr. Lu will serve on the board along with Mr. Spierings, Royal FrieslandCampina Chief Executive Officer Mr. Hein Schumacher, Dairy Farmers of America President and Chief Executive Officer Mr. Rick Smith, and Arla Foods Chief Executive Officer Mr. Peder Tuborgh.
Additional governance members are Dr. Margrethe Jonkman, Deputy Chair of the GDP Board and Chair of the Operational Committee, Corporate Director Research & Development, Royal FrieslandCampina; Dr. Judith Bryans, President, International Dairy Federation; Mr. Miles Hurrell, Chief Operating Officer-Farm Source, Fonterra Co-operative Group Limited; Mr. Jerry Kaminski, Executive Vice President, Chief Operating Officer, International, Land O'Lakes, Inc.; Ms. Hanne Sondergaard, Executive Vice President and Chief Marketing Officer, Marketing & Innovation, Arla Foods amba; Mr. Jay Waldvogel, Senior Vice President of Strategy and International Development, Dairy Farmers of America, Inc.
About Global Dairy Platform
Established in 2006, GLOBAL DAIRY PLATFORM’s membership of dairy companies, associations, scientific bodies and other partners collaborate pre-competitively to promote the necessary intake of nutrient-rich dairy products, build evidence on dairy’s role in the diet, and show the sector’s commitment to responsible and sustainable food production. Together, the collaboration aims to demonstrate dairy’s contribution to global food systems, healthy diets, and sustainable livelihoods. Visit www.globaldairyplatform.com for more information.
http://mrem.bernama.com/viewsm.php?idm=32388
Tuesday, 31 July 2018
BEST'S BRIEFING: REGULATORY SHIFT IN CHINA LIKELY TO BOOST STANDING OF HONG KONG REINSURERS
HONG KONG, July 31 (Bernama-BUSINESS WIRE) -- A recent agreement that gives qualified reinsurers in Hong Kong preferential regulatory treatment over offshore reinsurers is expected to boost Hong Kong’s standing as a risk management hub in Asia providing reinsurance capacity and expertise, according to a new A.M. Best briefing.
The new Best’s Briefing, “Hong Kong Reinsurers to Receive Preferential Treatment from China Regulator,” discusses the agreement between the China Banking and Insurance Regulatory Commission and the Insurance Authority of Hong Kong that will allow mainland insurance companies that cede business to qualified Hong Kong reinsurers to be subject to a lower reinsurance credit risk charge. Previously, Hong Kong reinsurers were grouped with other offshore reinsurers and assigned baseline risk charge factors for credit risk exposure that were much higher than those applicable to onshore reinsurers.
The change is expected to encourage Mainland China insurers to give priority to high-quality Hong Kong reinsurers over other offshore reinsurers in placing reinsurance. A.M. Best expects the agreement to enhance Hong Kong reinsurers’ competitiveness in China and promote Hong Kong as a risk management platform for Chinese cedents, particularly in support of the country’s Belt and Road Initiative. This arrangement also could attract new capital to Hong Kong for those interested in tapping into the Chinese reinsurance market.
To access the full copy of this briefing, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=276373.
A.M. Best is a global rating agency and information provider with a unique focus on the insurance industry. Visitwww.ambest.com for more information.
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
http://mrem.bernama.com/viewsm.php?idm=32382
The new Best’s Briefing, “Hong Kong Reinsurers to Receive Preferential Treatment from China Regulator,” discusses the agreement between the China Banking and Insurance Regulatory Commission and the Insurance Authority of Hong Kong that will allow mainland insurance companies that cede business to qualified Hong Kong reinsurers to be subject to a lower reinsurance credit risk charge. Previously, Hong Kong reinsurers were grouped with other offshore reinsurers and assigned baseline risk charge factors for credit risk exposure that were much higher than those applicable to onshore reinsurers.
The change is expected to encourage Mainland China insurers to give priority to high-quality Hong Kong reinsurers over other offshore reinsurers in placing reinsurance. A.M. Best expects the agreement to enhance Hong Kong reinsurers’ competitiveness in China and promote Hong Kong as a risk management platform for Chinese cedents, particularly in support of the country’s Belt and Road Initiative. This arrangement also could attract new capital to Hong Kong for those interested in tapping into the Chinese reinsurance market.
To access the full copy of this briefing, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=276373.
A.M. Best is a global rating agency and information provider with a unique focus on the insurance industry. Visitwww.ambest.com for more information.
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
http://mrem.bernama.com/viewsm.php?idm=32382
Monday, 30 July 2018
RED BEACH HAS BEEN IDENTIFIED ON THE LOCATION OF CHINA'S NORTHERNMOST COAST
 |
| Red Beach identified as China's northernmost coast |
SHENYANG, China, July 30, 2018 /Xinhua-AsiaNet/ --
Recently, the "China's northernmost coastline" monument was unveiled at Red Beach National Scenic Corridor in Panjin. As a national 4A level scenic spot, Red Beach National Scenic Corridor is famous for "China's most wonderful leisure corridor" and "China's most romantic recreation coastline", where receives more than 2 million tourists annually, according to Panjin Red Beach Wetland Resort Administrative Committee.
Red Beach National Scenic Corridor is located between 40 degrees 39 minutes to 41 degrees 27 minutes latitude north, and east longitude 121 degrees 25 minutes to 122 degrees, where is the northernmost coastline of China. Red Beach National Scenic Corridor is one part of the Liaodong bay coastline, which stretches for 118 kilometers in Panjin city, extending in the shape of a trumpet. China has more than 32,000 kilometers of coastline, water of this part will freeze every winter, commonly known as "sealing-off the sea", forming a magnificent ice row. As the entrance of Liaohe River into the sea, the affiliated shoals of Red Beach National Scenic Corridor are formed by a large amount of sediment deposited by Liaohe River, commonly known as "great mud bank", which are very suitable for the growth of seepweed and reed, breeding the world-famous red beach and green reed.
There are more than 100 kinds of seepweeds over the world, and the seepweed growing in Red Beach National Scenic Corridor is unique, which has two red opposite leaves, like the wings of a pair of birds. On the tidal marsh, the seepweed and reed are keeping a thick growth from summer to golden autumn, which forms a world spectacle of "red beach green reed". October is always considered as the best viewing season for Panjin red beach.
Panjin city has entered a new era of regional tourism, implementing a further advance on "Making an illustrious red beach and singing reeds". The representative tourism of Red Beach National Scenic Corridor concludes visiting flowers, beautiful countryside, characteristic ancient towns, hot springs, sightseeing and leisure, which is favored by tourists at home and abroad.
SOURCE: Panjin Red Beach Wetland Resort Administrative Committee
Image Attachments Links:
http://asianetnews.net/view-attachment?attach-id=316812
--BERNAMA
http://mrem.bernama.com/viewsm.php?idm=32375
Saturday, 28 July 2018
Japanese startup company creates platform to secure personal data
KUALA LUMPUR, July 27 (Bernama) -- A distributed personal data storage platform with capability to secure and perpetually saving personal data has been introduced by alt Inc -- a startup and developer of 'al+' P.A.I (Personal Artificial Intelligence), headquartered in Chiyoda-ku, Tokyo, Japan.
The storage platform -- al+ stack -- uses a distributed personal data platform designed for individuals to have full ownership of their own personal data, a statement said.
The platform with both encryption and blockchain technologies is to assure the confidentiality of all kinds of data associated with individuals including text and images and to prevent the data from being falsified.
It also comprises three elements which are storage memory, a stack data collector and a 'stack' device which the platform will make available for both individual and business use.
Users of the platform are able to reclaim ownership of their data with explicit rights to their own data. It also enables users to take full control over how data is used as individual users can selectively allow access to their personal data depending on the services they use.
Currently, businesses are limited to the use of data they collect. When individual users have the option to make their own data available, it will allow businesses to access activity and content that users have accumulated with other services.
-- BERNAMA
The storage platform -- al+ stack -- uses a distributed personal data platform designed for individuals to have full ownership of their own personal data, a statement said.
The platform with both encryption and blockchain technologies is to assure the confidentiality of all kinds of data associated with individuals including text and images and to prevent the data from being falsified.
It also comprises three elements which are storage memory, a stack data collector and a 'stack' device which the platform will make available for both individual and business use.
Users of the platform are able to reclaim ownership of their data with explicit rights to their own data. It also enables users to take full control over how data is used as individual users can selectively allow access to their personal data depending on the services they use.
Currently, businesses are limited to the use of data they collect. When individual users have the option to make their own data available, it will allow businesses to access activity and content that users have accumulated with other services.
-- BERNAMA
PINDUODUO ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING
SHANGHAI, July 27 (Bernama-GLOBE NEWSWIRE) -- Pinduoduo Inc. ("Pinduoduo" or the "Company") (NASDAQ:PDD), an innovative and fast growing “new e-commerce” platform and one of the leading Chinese e-commerce players, today announced the pricing of its initial public offering of 85,600,000 American Depositary Shares ("ADSs") (equivalent of 342,400,000 Class A ordinary shares) at a price of US$19 per ADS for a total offering size of US$1.63 billion, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs, each representing four Class A ordinary shares of the Company, have been approved for listing on the NASDAQ Global Select Market and are expected to begin trading today under the symbol "PDD."
The underwriters have been granted a 30-day option to purchase up to an additional 12,840,000 ADSs from the Company (equivalent of 51,360,000 Class A ordinary shares), which would contribute to additional gross proceeds of US$244 million.
The number of ordinary shares outstanding immediately after this offering (assuming the full vesting and exercise of 581,972,860 options granted and outstanding as of this offering) is 5,013,118,240 ordinary shares on a fully diluted basis (or 5,064,478,240 ordinary shares if the underwriters exercise the over-allotment option in full).
Credit Suisse, Goldman Sachs, CICC and China Renaissance acted as joint bookrunners for the offering.
http://mrem.bernama.com/viewsm.php?idm=32365
The underwriters have been granted a 30-day option to purchase up to an additional 12,840,000 ADSs from the Company (equivalent of 51,360,000 Class A ordinary shares), which would contribute to additional gross proceeds of US$244 million.
The number of ordinary shares outstanding immediately after this offering (assuming the full vesting and exercise of 581,972,860 options granted and outstanding as of this offering) is 5,013,118,240 ordinary shares on a fully diluted basis (or 5,064,478,240 ordinary shares if the underwriters exercise the over-allotment option in full).
Credit Suisse, Goldman Sachs, CICC and China Renaissance acted as joint bookrunners for the offering.
http://mrem.bernama.com/viewsm.php?idm=32365
Friday, 27 July 2018
TOSHIBA RELEASES COMPACT POWER MOSFET GATE DRIVER INTELLIGENT POWER DEVICE
- New device offers significantly reduced footprint for automotive 3-phase brushless motor applications
TOKYO, July 24 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation (“Toshiba”) announces the availability of a new compact power MOSFET gate driver intelligent power device (IPD) for automotive 3-phase brushless motors. The device is intended for use in automotive motor drive applications, such as 12V electronic power steering (EPS), oil/ water pumps, fan motors and electric turbochargers.
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20180723005823/en/
Toshiba’s IPD products provide protection for high-side and low-side power switches – especially valuable in automotive applications. Typically, they protect against a shorted load, open load and an output short-circuit to the power supply, as well as ECU abnormalities such as overheating. IPDs can be directly controlled from a microcontroller (MCU) and also provide diagnostic feedback to the MCU. They reduce the number of components required and improve the reliability of automotive ECU circuits.
The new TPD7212F MOSFET gate driver IPD is based upon Toshiba’s 0.13μm BiCD process that allows the integration of analog circuitry with large logic and power (DMOS) devices on the same chip, thereby reducing the size and power consumption of automotive systems.
The device can drive the gates of MOSFETs for 3-phase brushless motors and operates from a +4.5 to +18.0V DC supply, sourcing/sinking up to 1.0/1.5A, respectively. An inbuilt charge pump circuit makes it easy to configure a 3-phase full-bridge circuit. Included protection functions are supply voltage short, GND short and over-voltage protection. Inbuilt diagnosis provides feedback to the system and covers supply voltage shorts, GND shorts and abnormal supply voltages to the driver.
Housed in a RoHS compliant WQFN32 package, with a footprint of just 5.0mm x 5.0mm, the TPD7212F offers a huge 75% reduction in area over its predecessor. It is fully qualified to the AEC-Q100 automotive standard and operates at temperatures from -40°C to +150°C
TOKYO, July 24 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation (“Toshiba”) announces the availability of a new compact power MOSFET gate driver intelligent power device (IPD) for automotive 3-phase brushless motors. The device is intended for use in automotive motor drive applications, such as 12V electronic power steering (EPS), oil/ water pumps, fan motors and electric turbochargers.
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20180723005823/en/
Toshiba’s IPD products provide protection for high-side and low-side power switches – especially valuable in automotive applications. Typically, they protect against a shorted load, open load and an output short-circuit to the power supply, as well as ECU abnormalities such as overheating. IPDs can be directly controlled from a microcontroller (MCU) and also provide diagnostic feedback to the MCU. They reduce the number of components required and improve the reliability of automotive ECU circuits.
The new TPD7212F MOSFET gate driver IPD is based upon Toshiba’s 0.13μm BiCD process that allows the integration of analog circuitry with large logic and power (DMOS) devices on the same chip, thereby reducing the size and power consumption of automotive systems.
The device can drive the gates of MOSFETs for 3-phase brushless motors and operates from a +4.5 to +18.0V DC supply, sourcing/sinking up to 1.0/1.5A, respectively. An inbuilt charge pump circuit makes it easy to configure a 3-phase full-bridge circuit. Included protection functions are supply voltage short, GND short and over-voltage protection. Inbuilt diagnosis provides feedback to the system and covers supply voltage shorts, GND shorts and abnormal supply voltages to the driver.
Housed in a RoHS compliant WQFN32 package, with a footprint of just 5.0mm x 5.0mm, the TPD7212F offers a huge 75% reduction in area over its predecessor. It is fully qualified to the AEC-Q100 automotive standard and operates at temperatures from -40°C to +150°C
WEWORK ANNOUNCES $500 MILLION SERIES B INVESTMENT IN WEWORK CHINA LED BY TRUSTBRIDGE, TEMASEK, SOFTBANK AND HONY CAPITAL
NEW YORK & TOKYO & SHANGHAI, July 27 (Bernama-BUSINESS WIRE) --WeWork Companies (“WeWork”) today announced a $500 million Series B investment in WeWork China led by Trustbridge Partners (“Trustbridge”), Temasek, the SoftBank Group (“SoftBank”), the SoftBank Vision Fund (“Vision Fund”) and Hony Capital. This funding will accelerate WeWork’s growth in China, allowing the company to serve more entrepreneurs, creators, and enterprises across the region through the unparalleled design, technology, hospitality and local community WeWork provides.
In the two years since opening its first location in China, WeWork has become a trusted local partner to creators and businesses of all sizes, providing 20,000 members across nearly 40 locations in three cities with the community, culture, and services to start and scale their operations. WeWork has also enabled more global businesses to have a presence in China, and helped Chinese businesses to both scale within the country and expand around the world. In July 2017, WeWork announced the creation of WeWork China, with a $500 million Series A investment from Hony Capital and SoftBank dedicated entirely to accelerating WeWork’s expansion across China.
“We are grateful to our partners at Trustbridge, Temasek, SoftBank, and Hony for their belief in our vision and their support of our business. This investment will help WeWork fuel our mission to support creators, small businesses and large companies across China. WeWork has built an incredible team in China that supports our members every day, serving as a bridge for local companies who want to reach the world as well as for global companies that want to enter the Chinese market. While there is still much to do and learn, this investment highlights the potential for WeWork and our community of creators in the region and reaffirms our dedication to our team, our members and our partners in China,” said WeWork Co-Founder and CEO Adam Neumann.
“Trustbridge is pleased to join the WeWork China team. Through its thoughtful design, technology, hospitality and most importantly community, WeWork is paving the way for a new future of work in China and supporting the transformation from Made in China to Created in China. Whether entrepreneurs are just starting out, Chinese companies are looking to take their business global, or international enterprises want to do business here, they know WeWork is the local partner they need,” said Feng Ge, Managing Partner of Trustbridge Partners.
“Adam Neumann’s vision has always been for WeWork to be a global company with a local playbook, and nowhere is that more clear than in China where WeWork has developed an impressive offering. From its strong leadership team to locally-tailored technology integrations and community-based design, WeWork has demonstrated that it understands what businesses in China need to succeed. Through this investment, we look forward to WeWork continuing to support many more companies of all sizes across China,” said Ronald D. Fisher, Director, Vice Chairman of SoftBank Group Corp.
“Over the past two years, we’ve seen what WeWork’s growing presence in China can accomplish. WeWork is a global connector bringing entrepreneurs, startups and large enterprise companies from around the world together, a local partner supporting Chinese entrepreneurs and attracting new businesses to invest in China, and an innovator reimagining the workspace through its cutting-edge design, technology and community-focused culture. With our continued investment, we know WeWork will continue to lead in the future of work,” said John Zhao, Chairman and Chief Executive Officer of Hony Capital.
About WeWork
WeWork provides its members around the world with space, community, and services through both physical and virtual offerings. From startups and freelancers to small businesses and Fortune 500 companies, our community is united by a desire for our members to create meaningful work and lead meaningful lives—to be a part of something greater than ourselves. Co-founded by Adam Neumann and Miguel McKelvey in New York City in 2010, WeWork is a privately held company with over 5000 employees. Follow us @WeWork on Twitter, Instagram, and Facebook or visit wework.com to learn more.
About Trustbridge
Trustbridge Partners is a leading growth equity fund that focuses on investing in high-quality growth opportunities in China. Founded in 2006, Trustbridge currently manages approximately $8 billion in assets from leading university endowments, pension funds, sovereign wealth funds, and strategic industry partners. Our investment philosophy is built upon a fundamental understanding of long-term trends in demographics, technology and structural changes. We adopt a unique ecosystem-driven approach and concentrate in the Internet, content / education, and healthcare sectors where we believe our deep insights and strong industry relationships help generate unique investing opportunity sets.
About Temasek
Incorporated in 1974, Temasek is an investment company headquartered in Singapore. Supported by 11 offices internationally, Temasek owns a US$235b portfolio as at 31 March 2018. Our portfolio covers a broad spectrum of industries: financial services; telecommunications, media & technology; transportation & industrials; consumer & real estate; life sciences & agribusiness; as well as energy & resources. Investment activities are guided by four investment themes and the long term trends they represent: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions. For more information on Temasek, please visit www.temasek.com.sg
About Hony Capital
Hony Capital, founded in 2003 and sponsored by Legend Holdings, specializes in buyout investment. Partnering with the world’s leading investors, it focuses on the development of China’s real economy with “Value creation, Price Realization” as its investment philosophy. Hony Capital currently has USD 10 billion under management, with investors from China and the world’s leading investment institutions, including national pension funds, sovereign wealth funds, university endowment funds, regional and industry pensions, insurance companies, family foundations, individual investors and other types. Hony Capital puts China as its top market, with investments in over 100 companies in areas of pharmaceutical and healthcare, media and entertainment, consumer products, food and beverage, as well as machinery and equipment manufacturing. Hony Capital’s portfolio companies include China Shijiazhuang Pharmaceutical Group (CSPC), Zoomlion, China International Marine Containers (CIMC), Suning, Chengtou Holding, Jin Jiang International Hotels, ENN, PizzaExpress (UK), STX(US) , WeWork (US) , ofo, COFCO Capital, etc. The assets value of these companies totals about RMB 2.9 trillion with sales volume of RMB 860 billion, providing more than 450,000 jobs.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180726005629/en/
Contact
WeWork
Dominic McMullan / Gwen Rocco / Jenny Chan
press@wework.com
or
Trustbridge
Public Relations
pr@trustbridgepartners.com
or
Hony Capital
Victoria Li
victoriali@honycapital.com
Source : WeWork
--BERNAMA
In the two years since opening its first location in China, WeWork has become a trusted local partner to creators and businesses of all sizes, providing 20,000 members across nearly 40 locations in three cities with the community, culture, and services to start and scale their operations. WeWork has also enabled more global businesses to have a presence in China, and helped Chinese businesses to both scale within the country and expand around the world. In July 2017, WeWork announced the creation of WeWork China, with a $500 million Series A investment from Hony Capital and SoftBank dedicated entirely to accelerating WeWork’s expansion across China.
“We are grateful to our partners at Trustbridge, Temasek, SoftBank, and Hony for their belief in our vision and their support of our business. This investment will help WeWork fuel our mission to support creators, small businesses and large companies across China. WeWork has built an incredible team in China that supports our members every day, serving as a bridge for local companies who want to reach the world as well as for global companies that want to enter the Chinese market. While there is still much to do and learn, this investment highlights the potential for WeWork and our community of creators in the region and reaffirms our dedication to our team, our members and our partners in China,” said WeWork Co-Founder and CEO Adam Neumann.
“Trustbridge is pleased to join the WeWork China team. Through its thoughtful design, technology, hospitality and most importantly community, WeWork is paving the way for a new future of work in China and supporting the transformation from Made in China to Created in China. Whether entrepreneurs are just starting out, Chinese companies are looking to take their business global, or international enterprises want to do business here, they know WeWork is the local partner they need,” said Feng Ge, Managing Partner of Trustbridge Partners.
“Adam Neumann’s vision has always been for WeWork to be a global company with a local playbook, and nowhere is that more clear than in China where WeWork has developed an impressive offering. From its strong leadership team to locally-tailored technology integrations and community-based design, WeWork has demonstrated that it understands what businesses in China need to succeed. Through this investment, we look forward to WeWork continuing to support many more companies of all sizes across China,” said Ronald D. Fisher, Director, Vice Chairman of SoftBank Group Corp.
“Over the past two years, we’ve seen what WeWork’s growing presence in China can accomplish. WeWork is a global connector bringing entrepreneurs, startups and large enterprise companies from around the world together, a local partner supporting Chinese entrepreneurs and attracting new businesses to invest in China, and an innovator reimagining the workspace through its cutting-edge design, technology and community-focused culture. With our continued investment, we know WeWork will continue to lead in the future of work,” said John Zhao, Chairman and Chief Executive Officer of Hony Capital.
About WeWork
WeWork provides its members around the world with space, community, and services through both physical and virtual offerings. From startups and freelancers to small businesses and Fortune 500 companies, our community is united by a desire for our members to create meaningful work and lead meaningful lives—to be a part of something greater than ourselves. Co-founded by Adam Neumann and Miguel McKelvey in New York City in 2010, WeWork is a privately held company with over 5000 employees. Follow us @WeWork on Twitter, Instagram, and Facebook or visit wework.com to learn more.
About Trustbridge
Trustbridge Partners is a leading growth equity fund that focuses on investing in high-quality growth opportunities in China. Founded in 2006, Trustbridge currently manages approximately $8 billion in assets from leading university endowments, pension funds, sovereign wealth funds, and strategic industry partners. Our investment philosophy is built upon a fundamental understanding of long-term trends in demographics, technology and structural changes. We adopt a unique ecosystem-driven approach and concentrate in the Internet, content / education, and healthcare sectors where we believe our deep insights and strong industry relationships help generate unique investing opportunity sets.
About Temasek
Incorporated in 1974, Temasek is an investment company headquartered in Singapore. Supported by 11 offices internationally, Temasek owns a US$235b portfolio as at 31 March 2018. Our portfolio covers a broad spectrum of industries: financial services; telecommunications, media & technology; transportation & industrials; consumer & real estate; life sciences & agribusiness; as well as energy & resources. Investment activities are guided by four investment themes and the long term trends they represent: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions. For more information on Temasek, please visit www.temasek.com.sg
About Hony Capital
Hony Capital, founded in 2003 and sponsored by Legend Holdings, specializes in buyout investment. Partnering with the world’s leading investors, it focuses on the development of China’s real economy with “Value creation, Price Realization” as its investment philosophy. Hony Capital currently has USD 10 billion under management, with investors from China and the world’s leading investment institutions, including national pension funds, sovereign wealth funds, university endowment funds, regional and industry pensions, insurance companies, family foundations, individual investors and other types. Hony Capital puts China as its top market, with investments in over 100 companies in areas of pharmaceutical and healthcare, media and entertainment, consumer products, food and beverage, as well as machinery and equipment manufacturing. Hony Capital’s portfolio companies include China Shijiazhuang Pharmaceutical Group (CSPC), Zoomlion, China International Marine Containers (CIMC), Suning, Chengtou Holding, Jin Jiang International Hotels, ENN, PizzaExpress (UK), STX(US) , WeWork (US) , ofo, COFCO Capital, etc. The assets value of these companies totals about RMB 2.9 trillion with sales volume of RMB 860 billion, providing more than 450,000 jobs.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180726005629/en/
Contact
WeWork
Dominic McMullan / Gwen Rocco / Jenny Chan
press@wework.com
or
Trustbridge
Public Relations
pr@trustbridgepartners.com
or
Hony Capital
Victoria Li
victoriali@honycapital.com
Source : WeWork
--BERNAMA
Thursday, 26 July 2018
SHARESPOST AND OKCOIN ANNOUNCE PARTNERSHIP FOR GLOBAL SECURITY TOKEN NETWORK
OKCoin exchange becomes first exchange node for global tokenized asset trading and custody network
San Francisco, CA, July 26 (Bernama-GLOBE NEWSWIRE) -- SharesPost, a leading provider of private company liquidity solutions and private capital markets research, has announced that OKCoin will be joining SharesPost’s Global Liquidity And Settlement System (GLASS) as exchange nodes. In conjunction with SharesPost’s existing Alternative Trading System (ATS), GLASS will provide OKCoin with compliant access to the U.S. investor market.
“With the security token market poised to take off in 2018 and beyond, we’re thrilled to be partnering with OKCoin on the upcoming launch of GLASS,” said Greg Brogger, Founder and CEO of SharesPost. “As one of the leading global digital asset exchanges, OKCoin will be an instrumental partner as we build a new, decentralized network that can facilitate the trading, certification, and custody of security tokens and tokenized assets in a streamlined, cost-efficient manner.”
GLASS is a compliant, global network of exchanges and OTC pools facilitating the trading, certification, and custody of security tokens and tokenized assets, beginning with SharesPost’s US ATS and OKCoin as initial exchange nodes. With GLASS, both SharesPost and OKCoin can serve expanded user bases and supported assets — particularly private growth equity assets, tokenized assets, and other emerging security products. As the network grows, OKCoin will also be able to offer their own compliant services in supported jurisdictions to other GLASS partners, and will be able to soon list security tokens in every major market globally .
“The adoption of digital assets will continue to accelerate, and security tokens are going to play a major role in that growth in the years ahead,” said Tim Byun, CEO of OKCoin USA. “We’ve always focused on offering customers the broadest choice and a premier user experience. Partnering with SharesPost on GLASS is another opportunity that enables us to continue advancing our customer solution and philosophy on a global scale.”
SharesPost is a global leader in the private securities market, with a strong track record of supporting technology unicorn shares and growth equity assets. It is also a FINRA-registered broker-dealer, and its ATS in the US will be launching with operational security token support in H2 2018. OKCoin is a leading digital asset exchange focused exclusively on fiat to cryptocurrency trading pairs.
For more information on exchanges, visit GLASS.
For more information on SharesPost, visit SharesPost.com.
For more information on OKCoin, please visit OKCoin.com.
###
SharesPost Founder and CEO Greg Brogger is available for interview
About SharesPost:
SharesPost’s mission is to create liquidity for the private growth asset class. In 2009, SharesPost launched the first online secondary market for private technology company shares. Since then, SharesPost has connected thousands of buyers and sellers in more than $4 billion worth of transactions in the shares of more than 200 leading technology companies.
The SharesPost platform now also enables clients to access a variety of private market investment and liquidity solutions including (i) research and data on leading private technology companies, (ii) the SharesPost Private Growth Index, (iii) the SharesPost100 Fund, a registered closed-end interval fund providing all investors with easy access to the asset class, and (iv) SharesPost Lending, which enables private company shareholders to borrow against their shares. In 2017, SharesPost managed its first Initial Coin Offering and in 2018 announced plans to integrate trading of digital securities into the SharesPost platform.
SharesPost is a FINRA-registered broker-dealer, SEC registered Alternative Trading System and Registered Investment Advisor. For more information, visitSharesPost.com.
For any press inquiries, please email tom@wachsman.com.
About GLASS:
GLASS is a decentralized liquidity and settlement network for crypto trading platforms and exchanges.
Participating exchanges will deepen their liquidity, drive incremental transaction volume and settle compliant token transactions in all jurisdictions irrespective of whether or not the tokens are securities. The GLASS network will be anchored initially by the SharesPost Marketplace, an already established U.S. Alternative Trading System for digital and other unregistered securities.
About OKCoin:
Founded in 2013, OKCoin is one of the world’s first and largest regulated digital asset exchanges. OKCoin provides traders and institutions with a safe and secure trading platform that focuses exclusively on fiat-to-cryptocurrency trading pairs. Headquartered in San Francisco, OKCoin has a global footprint with offices around the world to serve its growing community and customer base.
For any press inquiries, please email press@okcoin.com.
Amanda Woodward
SharesPost
9179002738
amanda@wachsman.com
Source : SharesPost
--BERNAMA
San Francisco, CA, July 26 (Bernama-GLOBE NEWSWIRE) -- SharesPost, a leading provider of private company liquidity solutions and private capital markets research, has announced that OKCoin will be joining SharesPost’s Global Liquidity And Settlement System (GLASS) as exchange nodes. In conjunction with SharesPost’s existing Alternative Trading System (ATS), GLASS will provide OKCoin with compliant access to the U.S. investor market.
“With the security token market poised to take off in 2018 and beyond, we’re thrilled to be partnering with OKCoin on the upcoming launch of GLASS,” said Greg Brogger, Founder and CEO of SharesPost. “As one of the leading global digital asset exchanges, OKCoin will be an instrumental partner as we build a new, decentralized network that can facilitate the trading, certification, and custody of security tokens and tokenized assets in a streamlined, cost-efficient manner.”
GLASS is a compliant, global network of exchanges and OTC pools facilitating the trading, certification, and custody of security tokens and tokenized assets, beginning with SharesPost’s US ATS and OKCoin as initial exchange nodes. With GLASS, both SharesPost and OKCoin can serve expanded user bases and supported assets — particularly private growth equity assets, tokenized assets, and other emerging security products. As the network grows, OKCoin will also be able to offer their own compliant services in supported jurisdictions to other GLASS partners, and will be able to soon list security tokens in every major market globally .
“The adoption of digital assets will continue to accelerate, and security tokens are going to play a major role in that growth in the years ahead,” said Tim Byun, CEO of OKCoin USA. “We’ve always focused on offering customers the broadest choice and a premier user experience. Partnering with SharesPost on GLASS is another opportunity that enables us to continue advancing our customer solution and philosophy on a global scale.”
SharesPost is a global leader in the private securities market, with a strong track record of supporting technology unicorn shares and growth equity assets. It is also a FINRA-registered broker-dealer, and its ATS in the US will be launching with operational security token support in H2 2018. OKCoin is a leading digital asset exchange focused exclusively on fiat to cryptocurrency trading pairs.
For more information on exchanges, visit GLASS.
For more information on SharesPost, visit SharesPost.com.
For more information on OKCoin, please visit OKCoin.com.
###
SharesPost Founder and CEO Greg Brogger is available for interview
About SharesPost:
SharesPost’s mission is to create liquidity for the private growth asset class. In 2009, SharesPost launched the first online secondary market for private technology company shares. Since then, SharesPost has connected thousands of buyers and sellers in more than $4 billion worth of transactions in the shares of more than 200 leading technology companies.
The SharesPost platform now also enables clients to access a variety of private market investment and liquidity solutions including (i) research and data on leading private technology companies, (ii) the SharesPost Private Growth Index, (iii) the SharesPost100 Fund, a registered closed-end interval fund providing all investors with easy access to the asset class, and (iv) SharesPost Lending, which enables private company shareholders to borrow against their shares. In 2017, SharesPost managed its first Initial Coin Offering and in 2018 announced plans to integrate trading of digital securities into the SharesPost platform.
SharesPost is a FINRA-registered broker-dealer, SEC registered Alternative Trading System and Registered Investment Advisor. For more information, visitSharesPost.com.
For any press inquiries, please email tom@wachsman.com.
About GLASS:
GLASS is a decentralized liquidity and settlement network for crypto trading platforms and exchanges.
Participating exchanges will deepen their liquidity, drive incremental transaction volume and settle compliant token transactions in all jurisdictions irrespective of whether or not the tokens are securities. The GLASS network will be anchored initially by the SharesPost Marketplace, an already established U.S. Alternative Trading System for digital and other unregistered securities.
About OKCoin:
Founded in 2013, OKCoin is one of the world’s first and largest regulated digital asset exchanges. OKCoin provides traders and institutions with a safe and secure trading platform that focuses exclusively on fiat-to-cryptocurrency trading pairs. Headquartered in San Francisco, OKCoin has a global footprint with offices around the world to serve its growing community and customer base.
For any press inquiries, please email press@okcoin.com.
Amanda Woodward
SharesPost
9179002738
amanda@wachsman.com
Source : SharesPost
--BERNAMA
QTUM PLATFORM NOW AVAILABLE THROUGH AMAZON WEB SERVICES
Smart contract and dapp development is now deployed through one of the world’s largest cloud providers of business software
SINGAPORE, July 26 (Bernama-GLOBE NEWSWIRE) -- Qtum (https://qtum.org/en), the first UTXO-based smart contract system, today announced that its Dapp development platform is now available on Amazon Web Services. Users across the enterprise and elsewhere will now be able to develop and deploy their own smart contracts from this ready-to-use Amazon Machine Image (AMI) featuring Qtum core and the Qmix Integrated Development Environment (IDE).
“Qtum is one of the most decentralized entities on the internet and AWS is one of the largest cloud providers in the world,” said Qtum Co-Founder Patrick Dai. “It is a perfect combination for users and the enterprise. We look forward to continue making Qtum’s smart contract and Dapp technology available for what is arguably its most in-demand market, the enterprise.”
Qtum’s focus is to offer easy-to-use yet robust solutions for users inside and outside the enterprise. The Qtum AMI image is completely free to use, at no additional cost for AWS customers to deploy a Qtum instance. There is also no need to purchase Qtum tokens. A test network can be deployed directly on the instance, allowing developers to simulate a public blockchain.
The new Qtum AMI on AWS can be used by anyone who wants to get started on the blockchain, run a Qtum node, or simply launch a server with Qtum pre-installed, without the hassle of handling dependencies. The node has Qtum pre-installed and users can choose between its mainnet or a testnet.
The Qtum AMI on AWS also includes:
SINGAPORE, July 26 (Bernama-GLOBE NEWSWIRE) -- Qtum (https://qtum.org/en), the first UTXO-based smart contract system, today announced that its Dapp development platform is now available on Amazon Web Services. Users across the enterprise and elsewhere will now be able to develop and deploy their own smart contracts from this ready-to-use Amazon Machine Image (AMI) featuring Qtum core and the Qmix Integrated Development Environment (IDE).
“Qtum is one of the most decentralized entities on the internet and AWS is one of the largest cloud providers in the world,” said Qtum Co-Founder Patrick Dai. “It is a perfect combination for users and the enterprise. We look forward to continue making Qtum’s smart contract and Dapp technology available for what is arguably its most in-demand market, the enterprise.”
Qtum’s focus is to offer easy-to-use yet robust solutions for users inside and outside the enterprise. The Qtum AMI image is completely free to use, at no additional cost for AWS customers to deploy a Qtum instance. There is also no need to purchase Qtum tokens. A test network can be deployed directly on the instance, allowing developers to simulate a public blockchain.
The new Qtum AMI on AWS can be used by anyone who wants to get started on the blockchain, run a Qtum node, or simply launch a server with Qtum pre-installed, without the hassle of handling dependencies. The node has Qtum pre-installed and users can choose between its mainnet or a testnet.
The Qtum AMI on AWS also includes:
- Qtum and the solidity compiler with the official repository for easy updates
- Development libraries and tools to allow anyone to build smart contracts and work on the desktop QT wallet
- A Qmix development IDE that launches by default on boot
Blockchain industry leaders are increasingly looking to Qtum to solve complex issues of scalability and deliverability for their projects, and Qtum delivers a smart contract platform running on a proof-of-stake consensus for the first time. Qtum's platform utilizes solidity smart contracts through its integration of the Ethereum Virtual Machine. More than 50 decentralized applications have been deployed on Qtum to date across a broad spectrum of sectors, including but not limited to the Internet of things, intellectual property, market forecast, healthcare and clean energy.
About Qtum
Qtum is the first UTXO-based smart contract system with a proof-of-stake consensus model. The platform use Account Attraction Layer to combine Bitcoin Core and the Ethereum Virtual Machine. Proof-of-stake model reduces the computational difficulty in the network and increases scaling possibilities. Developers have deployed more than 50 decentralized applications across a broad spectrum of sectors. Qtum's independent blockchain aims to bring smart-contracts technology to mobile and connected devices to minimize the gap between blockchain and commerce. (www.qtum.org)
http://mrem.bernama.com/viewsm.php?idm=32354
QTUM ANNOUNCES GLOBAL VIRTUAL HACKATHON
Developers, designers and entrepreneurs invited to compete for Qtum tokens equaling $500,000
SINGAPORE, July 26 (Bernama-GLOBE NEWSWIRE) -- QTUM today announced the QTUM Hackathon, a global virtual event inviting developers to create the next wave of decentralized and open-source applications. Developers are invited to build their teams of up to five participants now, and demos are due September 16, 2018. QTUM will host a series of webinars (July 26, August 12, and September 2) allowing developers to engage with the QTUM team and blockchain experts to learn about new features. Hackathon participants have a chance to win Qtum tokens equaling $500,000 and a trip to Devcon 2018 in San Francisco.
“Together, we can use QTUM to change the face of digital content, entertainment, identification, and more through the blockchain economy,” said Patrick Dai, co-founder of QTUM. “We look forward to fostering innovation in the QTUM developer community and beyond.”
Hackathon teams must complete a participation agreement to compete. Teams will retain full ownership of everything they build. Winning teams will be subject to a code review, and winners will be subject to an identity check prior to the release of any cash prizes. Developers, designers and entrepreneurs are required to confirm they agree to the contest terms and conditions in order to be eligible to win.
Each hackathon submission will be scored in each round based on simplicity, creativity, impact, design, and QTUM usage, with a minimum score of 0 points and a maximum score of 25 points. Each final score will be the average of the judges’ scores.
For more information or to apply, please visit: https://hackathon.qtum.org/
About QTUM
QTUM is a blockchain application platform. At its core, QTUM combines the advantages of Bitcoin Core, an Account Abstraction Layer allowing for multiple virtual machines, and a proof-of-stake consensus protocol aimed at tackling industry use cases. The QTUM Foundation, headquartered in Singapore, is the decision-making body that drives the project's development. Learn more at qtum.org.
MEDIA CONTACT: qtum@transform.pr
SOURCE : QTUM
SINGAPORE, July 26 (Bernama-GLOBE NEWSWIRE) -- QTUM today announced the QTUM Hackathon, a global virtual event inviting developers to create the next wave of decentralized and open-source applications. Developers are invited to build their teams of up to five participants now, and demos are due September 16, 2018. QTUM will host a series of webinars (July 26, August 12, and September 2) allowing developers to engage with the QTUM team and blockchain experts to learn about new features. Hackathon participants have a chance to win Qtum tokens equaling $500,000 and a trip to Devcon 2018 in San Francisco.
“Together, we can use QTUM to change the face of digital content, entertainment, identification, and more through the blockchain economy,” said Patrick Dai, co-founder of QTUM. “We look forward to fostering innovation in the QTUM developer community and beyond.”
Hackathon teams must complete a participation agreement to compete. Teams will retain full ownership of everything they build. Winning teams will be subject to a code review, and winners will be subject to an identity check prior to the release of any cash prizes. Developers, designers and entrepreneurs are required to confirm they agree to the contest terms and conditions in order to be eligible to win.
Each hackathon submission will be scored in each round based on simplicity, creativity, impact, design, and QTUM usage, with a minimum score of 0 points and a maximum score of 25 points. Each final score will be the average of the judges’ scores.
For more information or to apply, please visit: https://hackathon.qtum.org/
About QTUM
QTUM is a blockchain application platform. At its core, QTUM combines the advantages of Bitcoin Core, an Account Abstraction Layer allowing for multiple virtual machines, and a proof-of-stake consensus protocol aimed at tackling industry use cases. The QTUM Foundation, headquartered in Singapore, is the decision-making body that drives the project's development. Learn more at qtum.org.
MEDIA CONTACT: qtum@transform.pr
SOURCE : QTUM
Wednesday, 25 July 2018
HRH THE CROWN PRINCE OF THE KINGDOM OF SAUDI ARABIA MOHAMMED BIN SALMAN NAMES RENOWNED TOURISM IMPRESARIO GERARD "JERRY" INZERILLO TO LEAD TRANSFORMATIVE HERITAGE TOURISM INITIATIVE
Inzerillo to Be First-Ever CEO of the Diriyah Gate Development Authority, Encompassing Museums, Universities, Major "Edutainment" Facilities as well as Resorts, Restaurants, Wellness Centers and Luxury Retail
RIYADH, Saudi Arabia, July 25 (Bernama-BUSINESS WIRE) -- His Royal Highness Mohammed Bin Salman Bin Abdulaziz Al Saud, Crown Prince of the Kingdom of Saudi Arabia and Chairman of the Diriyah Gate Development Authority (DGDA) has named Gerard “Jerry” Inzerillo CEO of the Authority, which will spearhead a transformative initiative to restore the historic birthplace of the Saudi state.
This press release features multimedia. View the full release here: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=51841671&lang=en
Inzerillo, a highly accomplished tourism visionary, was selected to oversee the restoration of Diriyah and to develop a number of major new historical and tourism assets including museums, academic institutions and “edutainment” facilities, as well as resorts, restaurants, wellness facilities and high-end retail in a 7.1 million square meter development on the west side of Riyadh, Saudi Arabia’s booming capital city. The initiative is a key deliverable in the Crown Prince’s 2030 Vision to modernize the Saudi state, engage Saudi citizens, and welcome guests from all over the world.
“I am deeply honored to have the privilege to contribute to His Royal Highness’ Dynamic vision for the nation,” said Inzerillo. “This is truly an inspired time in this extraordinary country. I am particularly grateful to lead a world-class team in the development of this historic site, which will give the world its truest window into the soul and spirit of this land, its welcoming people and their rich history. Diriyah will be one of the great gatherings places in the world.”
Diriyah, a UNESCO registered site, holds a historical depth of more than 590 years. As the birthplace of the first, second, and current Kingdom of Saudi Arabia, it is the root of the Saudi nation.
Much of the original site, built in adobe brick in the traditional architecture of the greater Najd region, will be authentically restored with new tourism attractions and facilities.
The At-Turaif District in Diriyah has been designated by UNESCO as a “World Heritage Site.” His Royal Highness envisions Diriyah as a place where the past will be celebrated and the future awakened and where all who enter its gates will be inspired, engaged and entertained.
The DGDA Board of Directors is honored to have attracted such a creative, inspirational leader in Jerry Inzerillo to bring His Royal Highness’ vision into reality. Previously, Inzerillo was CEO of Forbes Travel Guide, the global standard for the verification of service excellence in hospitality. FTG, which operates in more than 100 countries, also awards annually the prestigious Five Star Award, considered the “Olympic Gold Medal of Hospitality”.
View source version on businesswire.com: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=51841671&lang=en
Contact
Key Group Worldwide
Jaret Keller
Work: 212-988-7701
Mobile: 917-628-0480
Email: jkeller@keygroup.tv
Source : Diriyah Gate Development Authority (DGDA)
--BERNAMA
RIYADH, Saudi Arabia, July 25 (Bernama-BUSINESS WIRE) -- His Royal Highness Mohammed Bin Salman Bin Abdulaziz Al Saud, Crown Prince of the Kingdom of Saudi Arabia and Chairman of the Diriyah Gate Development Authority (DGDA) has named Gerard “Jerry” Inzerillo CEO of the Authority, which will spearhead a transformative initiative to restore the historic birthplace of the Saudi state.
This press release features multimedia. View the full release here: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=51841671&lang=en
Inzerillo, a highly accomplished tourism visionary, was selected to oversee the restoration of Diriyah and to develop a number of major new historical and tourism assets including museums, academic institutions and “edutainment” facilities, as well as resorts, restaurants, wellness facilities and high-end retail in a 7.1 million square meter development on the west side of Riyadh, Saudi Arabia’s booming capital city. The initiative is a key deliverable in the Crown Prince’s 2030 Vision to modernize the Saudi state, engage Saudi citizens, and welcome guests from all over the world.
“I am deeply honored to have the privilege to contribute to His Royal Highness’ Dynamic vision for the nation,” said Inzerillo. “This is truly an inspired time in this extraordinary country. I am particularly grateful to lead a world-class team in the development of this historic site, which will give the world its truest window into the soul and spirit of this land, its welcoming people and their rich history. Diriyah will be one of the great gatherings places in the world.”
Diriyah, a UNESCO registered site, holds a historical depth of more than 590 years. As the birthplace of the first, second, and current Kingdom of Saudi Arabia, it is the root of the Saudi nation.
Much of the original site, built in adobe brick in the traditional architecture of the greater Najd region, will be authentically restored with new tourism attractions and facilities.
The At-Turaif District in Diriyah has been designated by UNESCO as a “World Heritage Site.” His Royal Highness envisions Diriyah as a place where the past will be celebrated and the future awakened and where all who enter its gates will be inspired, engaged and entertained.
The DGDA Board of Directors is honored to have attracted such a creative, inspirational leader in Jerry Inzerillo to bring His Royal Highness’ vision into reality. Previously, Inzerillo was CEO of Forbes Travel Guide, the global standard for the verification of service excellence in hospitality. FTG, which operates in more than 100 countries, also awards annually the prestigious Five Star Award, considered the “Olympic Gold Medal of Hospitality”.
View source version on businesswire.com: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=51841671&lang=en
Contact
Key Group Worldwide
Jaret Keller
Work: 212-988-7701
Mobile: 917-628-0480
Email: jkeller@keygroup.tv
Source : Diriyah Gate Development Authority (DGDA)
--BERNAMA
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