Ambow Education Announces Acquisition of Bay State College in Boston
 
PR Newswire Asia
Nov 20, 2017
Category:

BEIJING, Nov. 20, 2017 /PRNewswire/ -- Ambow Education Holding Ltd. ("Ambow"), a leading national provider of educational and career enhancement services in China, today announced its wholly-owned Delaware subsidiary, Ambow BSC Inc., has completed the acquisition of Bay State College, a private college located in Boston, Massachusetts. The terms of the acquisition were not disclosed. Founded in 1946, Bay State College offers career-focused post-secondary education with Associates and Bachelor's programs in Business, Information Technology, Healthcare, Criminal Justice and Fashion.

"We're very excited to announce the acquisition of Bay State College, which is an excellent addition to our career-oriented international education portfolio," commented Dr. Jin Huang, Ambow's President and Chief Executive Officer, "The investment in Bay State College aligns perfectly with our growth strategy and creates tremendous value in our effort to address the rising demand for studying abroad and the pursuit of international career opportunities among Chinese students. With its commitment to delivering high quality career-focused education across popular majors and its culture of excellence with an intense focus on students' academic and career outcomes, Bay State College also resonates well with our mission and educational philosophy. Looking ahead, we will continue to foster our partnership with high-quality US colleges providing students with an efficient and effective passageway to international education and opportunities to develop career paths overseas with professional skills and confidence."

"On behalf of the College's Board of Trustees, we are excited to announce the acquisition of Bay State College by Ambow," said Bay State College's President, Craig F. Pfannenstiehl. "For the Board, the most important value we were looking for in an acquisition partner was a dedication to the ideal that serving students is what comes first. When I met Dr. Jin Huang in July 2016 to discuss ways our organizations could collaborate, I was most impressed with her passion for improving lives through education. Dr. Huang is a renowned entrepreneur, growing Ambow from the ground up, and we are excited to be working with her team at Ambow. Ambow can provide the resources for Bay State to thrive and build upon its already successful 71 year history."

Bay State College is accredited by the Commission on Institutions of Higher Education (CIHE) of New England Association of Schools and Colleges (NEASC) and eligible to participate in federal student aid programs under Title IV of the U.S. Higher Education Act. Bay State College's academic programs are delivered at its main campus in Boston, Massachusetts, a branch location in Taunton, Massachusetts and online.

About Ambow Education Holding Ltd.

Ambow Education Holding Ltd. is a leading national provider of educational and career enhancement services in China, offering high-quality, individualized services and products. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in 30 out of the 31 provinces and autonomous regions within China.

Follow us on Twitter: @Ambow_Education

About Bay State College

Bay State College was founded in 1946. Bay State College is a private college whose mission is to prepare students for successful careers and global citizenship through academic rigor and individualized support. Bay State College accomplishes this mission by providing a learning environment where teaching excellence and student services are blended to support the uniqueness of individual students, preparing them to achieve their full potential as ethically and socially aware citizens. For several years, Bay State College was named to the Presidents' Higher Education Community Service Honor Roll for its commitment to volunteering, service-learning and civic engagement. Bay State College has approximately 800 students enrolled in day, evening and online bachelor's degree programs as well as range of associate's degree and certificate programs. Non-traditional students have the option of earning an online degree or attending evening college courses at Bay State's two locations in Boston and Taunton, MA. Visit baystate.edu for more information.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the outlook for the quarter and full year 2017 and quotations from management in this announcement, as well as Ambow's strategic and operational plans, contain forward-looking statements. Ambow may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including but not limited to the following: the Company's goals and strategies, expansion plans, the expected growth of the content and application delivery services market, the Company's expectations regarding keeping and strengthening its relationships with its customers, and the general economic and business conditions in the regions where the Company provides its solutions and services. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Ambow undertakes no duty to update such information, except as required under applicable law.

For investor and media inquiries please contact:

Ambow Education Holding Ltd.
Tel: +86-10-6206-8104

The Piacente Group | Investor Relations
Tel: +1 212-481-2050 or +86 10-5730-6200
Email: ambow@tpg-ir.com

Source: Ambow Education Holding Ltd.

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Improving the femtosecond ultrashort pulse laser
 
JCN Newswire
Nov 20, 2017
Category:

Korean and American researchers develop a new method for making extremely short pulse lasers that could lead to precision eye surgery and material processing.

SEOUL - (ACN Newswire) - MXenes, conductive materials widely used in many industries, now have one more promising application: helping lasers fire extremely short femtosecond pulses, which last just millionths of a billionth of a second. The finding, made by an international team of researchers, opens up avenues for developing advanced femtosecond pulse lasers, which can be used for precision eye surgery and material processing.

MXenes are a class of two-dimensional materials made of transition metals -- the metals occupying the central block of the periodic table -- combined with carbon and/or nitrogen. Despite their promising performance in a broad range of applications, including energy storage and gas sensing, their potential use for ultrafast optics had not been explored.

Researchers at the Korea Institute of Science and Technology (KIST) and the University of Seoul in Korea, together with colleagues at Drexel University in the US, tested a MXene made of titanium carbonitride to fabricate a 'mode-locking' device. The apparatus was placed in the laser cavity and found to produce stable laser pulses only 600 femtoseconds (quadrillionths of a second) long.

This metallic MXene based device was found to be applicable for long wavelength mid-IR lasers, which is a very strong advantage for laser applications.

Femtosecond-long laser pulses have many applications, such as in i-Lasik precision eye surgery, in which tiny areas of tissue need to be destroyed in a time short enough that the energy used for this purpose can't diffuse to the surrounding tissues and damage them. These laser pulses are also used to fabricate micro-sized sensors and devices.

The research can be used to develop strategies for fabricating saturable absorber materials, which absorb less light as its intensity increases. This optical phenomenon is one of several generated as a result of a concept called nonlinearity. Nonlinear optics has been one of the most rapidly growing scientific fields in past decades. "The discovery of promising nonlinear optical materials will play a pivotal role in the evolution of future optics and its impact can be very significant in both fundamental aspects and industrial applications," write the researchers in their study published in the journal Advanced Materials.

For further information:
Dr Young Min Jhon
Head, Sensor System Research Center
Korea Institute of Science and Technology
Seoul, Republic of Korea
E-mail: ymjhon@kist.re.kr

Journal Information
Advanced Materials, vol.29, 1702496 (2017). (DOI: 10.1002/adma.201702496)

About Korea Institute of Science and Technology (KIST)
The Korea Institute of Science and Technology (KIST) was founded as the republic's first science and technology research institute in 1966. Since then, many government-funded research institutes have been modeled after it, with KIST setting the standard as the national think tank for science and technology. KIST celebrated its 50th anniversary in February 2016. Its aim for the next 50 years is to meet global challenges head on, such as managing aging societies and finding solutions for shortages in energy, food and resources, while leveraging convergence research and open cooperation.

Press release distributed by ResearchSEA for KIST

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Kerry Logistics Named Care & Positive Work Environment of the Year at Supply Chain Asia Awards 2017
 
Nov 17, 2017
Category:

Hong Kong, 17 November 2017 - Kerry Logistics Network Limited ('Kerry Logistics'; Stock Code 636.HK) was named Care & Positive Work Environment of the Year at the Supply Chain Asia Awards 2017 (the 'Awards') in Singapore.

Kerry Logistics was commended for its commitment to creating value for its employees through rewarding careers, an embracing workplace and a healthy work-life balance. As the Group continues to expand, it will constantly invest in people development and recruit industry professionals as well as young talents of different cultures to build a winning team.

Robert Tan, Managing Director of South and Southeast Asia, Kerry Logistics, said, "The esteemed award is a testament to our dedication in nurturing the growth of our staff. We are thankful for the trust and support our customers, business partners, and the entire staff force have put in us. We will continue to meet the needs of our stakeholders by holding the best business practices in pursuing business development."

Organised by Supply Chain Asia magazine ('SCA'), the annual Awards celebrate businesses and industry practitioners for their distinguished contributions in the supply chain and logistics industry. Winners must be nominated by SCA readers, community members as well as the Awards Committee. The Awards are managed by an independent team of judges and the process of voting and counting is supervised by an Ernst & Young team.

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About Supply Chain Asia
Supply Chain Asia is a not-for-profit professional body that aims to bring professionals from within the logistics and supply chain industry together to share knowledge, learn from one another and create opportunities for collaborations. Formed in 2007, Supply Chain Asia Magazine has evolved into one of the leading supply chain and logistics titles in Asia Pacific. The quarterly magazine informs a targeted global readership consisting of the world's largest brand-owning companies, supply chain service vendors, and regulators of industry trends affecting the business of supply chains, logistics and Asia-related trade.

About Kerry Logistics Network Limited (Stock Code 0636.HK)
Kerry Logistics is an Asia-based, global 3PL with the strongest network in Asia. Its core competency is providing highly customised solutions to multinational corporations and international brands to enhance their supply chain efficiency, reduce overall costs and improve response time to market. It currently has more than 1,000 service points in 51 countries and territories, and is managing 48 million sq ft of land and logistics facilities worldwide, providing customers with high reliability and flexibility to support their expansion and long-term growth. Kerry Logistics Network Limited is listed on the Main Board of the Hong Kong Stock Exchange and is a selected Member of the Hang Seng Corporate Sustainability Index Series 2017-2018.

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Gridsum, Tencent Cloud and Shandong Guohui to Jointly Develop Industrial Internet of Things Cloud Platform in Shandong Province
 
PR Newswire Asia
Nov 15, 2017
Category:
Tags:

BEIJING, Nov. 15, 2017 /PRNewswire/ -- Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ: GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today announced that it has signed a strategic cooperation agreement with Tencent Cloud and Shandong Guohui Investment Co. Ltd., ("Guohui"), a company owned by the Shandong Province State-owned Assets Supervision and Administration Commission to jointly develop an industrial internet of things cloud platform ("IIoT Cloud Platform") in Shandong Province.

According to the strategic cooperation agreement, Gridsum, Tencent and Guohui will leverage each of their competitive strengths to jointly develop the IIoT Cloud Platform and support the emergence of a smart industrial manufacturing cluster in Shandong Province. It is anticipated that the IIoT Cloud Platform will revolutionize the manufacturing ecosystem in Shandong Province by leveraging "Industry 4.0" methodologies to greatly improve the efficiency and acquisition of vast quantities of information which will be analyzed and processed at very fast speeds. The IIoT Cloud Platform will greatly improve manufacturers' ability to interconnect, increase efficiency, reduce production times and costs and build their businesses out to scale. The centerpiece of the IIoT Cloud Platform will be an industrial cloud and big data R&D center in Jinan, the capital of Shandong Province. Once completed, the industrial R&D center is expected to be amongst China's largest.

Mr. Guosheng Qi, Chief Executive Officer of Gridsum, commented, "I am extremely excited to be part of Shandong Province's efforts to transition towards smart manufacturing. In August, Mr. Xijian Liu joined us as our chief strategy officer. He also heads our newly established IIoT division. Mr. Liu's more than three decades of IT and strategic management experience at one of the largest state-owned petrol chemical enterprises in China laid a solid foundation for our rapid development in the IIOT space. Our core competency and competitive advantage is our ability to process massive amounts of data, leveraging advanced analytics and AI, to help organizations make better decisions and substantially drive their KPIs. This is a great example of how our cloud-based big data analytics and AI capabilities can rapidly expand a business' horizons and revolutionize manufacturing. I believe this agreement endorses the high-quality and reputation of our technology and our ability to work in close cooperation with Tencent to really build something transformative. This agreement also paves the way for further expanding our strategic partnership with Tencent as we develop new ways to leverage each other's strengths. This development also highlights the transformative nature of IIoT as defining a substantial strategic opportunity for Gridsum."

About Gridsum

Gridsum Holding Inc. (NASDAQ: GSUM), is a leading provider of cloud-based big-data analytics and AI solutions for multinational and domestic enterprises and government agencies in China. Gridsum's core technology, the Gridsum Big Data Platform, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsum's customers to identify complex relationships within their data and gain new insights that help them make better business decisions. The Company is named "Gridsum" to symbolize the combination of distributed computing (Grid) and analytics (sum). As a digital intelligence pioneer, the Company's mission is to help enterprises and government organizations in China use data in new and powerful ways to make better informed decisions and be more productive.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "may," "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Among other things, quotations from management in this announcement as well as Gridsum's strategic and operational plans contain forward-looking statements. Gridsum may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Gridsum's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: unexpected difficulties in Gridsum's pursuit of its goals and strategies; the unexpected developments, including slow growth, in the digital intelligence market; reduced demand for, and market acceptance of, Gridsum's solutions; difficulties keeping and strengthening relationships with customers; potentially costly research and development activities; competitions in the digital intelligence market; PRC governmental policies relating to media, software, big data, the internet, internet content providers and online advertising; and general economic and business conditions in the regions where Gridsum provides solutions and services. Further information regarding these and other risks is included in Gridsum's reports filed with, or furnished to, the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.

For more information, please visithttp://www.gridsum.com/.

Investor Relations

Gridsum
ir@gridsum.com

Christensen

In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
Email: carnell@christensenir.com

In U.S.
Mr. Tip Fleming
Phone: +1 917 412 3333
Email: tfleming@christensenir.com

Source: Gridsum Holding Inc.

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TCL Multimedia Authorised as Joint Global Partner in Promotion of Justice League with Warner Brothers
 
Nov 15, 2017
Category:
Tags:

Launched 4K Ultra High Definition UHD Smart TV P6 Series and P2 Series

(15 November 2017, Hong Kong) TCL Multimedia Technology Holdings Limited ("TCL Multimedia" or "the Group", HKSE stock code: 01070) announced its strategic partnership with Warner Brothers ("Warner Bros."), and has been authorised as the joint global partner in promotion of the studio's blockbuster Justice League and the sole sponsor for the film's premiere in Hong Kong. The Group announced the official launch of its UHD Smart TV P6 series and P2 series products at TCL X Justice League New Product Launch held in Hong Kong today. Leveraging on the widespread influence of Warner Bros. and Justice League in the global entertainment industry, the two parties are joining hands in the extensive promotion of the film with its fans and customers around the globe, further enhancing the awareness of the TCL brand, and demonstrating its strong brand equity.

Mr. Bo Lianming, Chairman of TCL Multimedia, stated, "As one of the leading TV manufacturers in the world, TCL is committed to creating an international, young and vibrant brand image through entertainment and sports marketing. This strategic partnership with Warner Bros. not only strengthens its brand influence in the world, but also enables consumers to have a better understanding of TCL's high-end products and technological strength, offering them a brand-new personalised entertainment experience with a series of penetrating promotional programmes."

At the product launch event, TCL Multimedia announced the launch of its brand new UHD Smart TV P6 series and P2 series products. The P6 series come with four features: 4.88mm ultra-slim framework design, HDR (High Dynamic Range) Display, Omni voice control technology, and built-in Netflix video streaming service, and the P2 series are equipped with 4K ultra high definition display and the HDR Ready function supporting the HDR signals, bringing users exceptional sensory experience.

-End-

About TCL Multimedia
Headquartered in China, TCL Multimedia Technology Holdings Limited (HKSE stock code: 01070) is one of the leading players in the global TV industry, engaged in the research and development, manufacturing and distribution of consumer electronic products. Through a new product-and-user-oriented business model that focuses primarily on a "double +" strategy which includes "intelligence + internet" and "products + services" as the main direction, it strives to build a comprehensive ecosystem for smart TVs that provides users with an exquisite experience with its smart products and services. The Group ranked No.3 in the global LCD TV market with a market share of 7.1% in the first half of 2017 according to the latest IHS Technology figures and ranked No.3 in the PRC LCD TV market with a market share of 13.6% in the first three quarters of 2017 according to CMM's report. The Group is included in the eligible shares list of the Shenzhen-Hong Kong Stock Connect. For more information, please visit its website:http://multimedia.tcl.com.

This press release is issued by Cornerstones Communications Ltd. on behalf of TCL Multimedia Technology Holdings Limited. For further information, please contact:

Cornerstones Communications Ltd.
Kylie Yeung / Ivan Kau / Cham Chen / Sara Qian
T: (852) 2903 9293 / 2903 9285 / 2903 9299 / 2903 9282
F: (852) 2887 1712
E: tcl.multimedia@cornerstonescom.com

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DHL announces HK$2.9 billion expansion plan for its Central Asia Hub in Hong Kong
 
PR Newswire Asia
Nov 14, 2017
Category:

With an expected 50% increase in annual throughput, the expanded Central Asia Hub will further boost the company's global multi-hub strategy

HONG KONG, Nov. 14, 2017 /PRNewswire/ -- DHL Express, the world's leading international express services provider, today announced that it will launch an approximate HK$2.9 billion expansion plan for its Central Asia Hub (CAH), in partnership with Airport Authority Hong Kong. This multi-year expansion brings DHL's commitment for this strategic hub to approximately HK$4.5 billion.

The expansion is timely as the CAH has recorded an average 12% year-on-year growth in its shipping volume in the past decade. As one of three global hubs for DHL, the expanded CAH will continue to act as the core hub of the DHL Express global and Asia Pacific regional network, handling more than 40% of its total Asia Pacific shipment volumes.

Ken Allen, CEO of DHL Express, said: "Given the expected rise in international e-commerce and intra-Asian trade, DHL is committed to strengthening our global network and services. Based in a strategically important location to DHL, the expanded Central Asia Hub in Hong Kong will not only bolster our operational capacity in Asia Pacific, but also facilitate the rapidly-growing international trade demands in the region and around the world."

The expanded CAH will be equipped with an enhanced material handling system that will improve productivity and increase the hub's throughput capacity -- from the current 75,000 pieces of shipments per hour to 125,000 pieces per hour. When operating at its full capacity, the annual throughput of the expanded CAH is expected to go up by 50% to 1.06 million tonnes per annum. As a dedicated and purpose-built air express cargo facility at the Hong Kong International Airport, the expanded CAH can handle six times more in terms of shipment volume than when it was first established in 2004.

Ken Lee, CEO of DHL Express Asia Pacific, said: "Connecting with more than 70 DHL Express gateways in the region, the Central Asia Hub plays a significant role in strengthening our existing network of hubs in Asia Pacific, including Shanghai, Singapore and Bangkok. The expansion will also help us capitalize on the growth in intra-Asian trade that currently contributes over 40% of our revenue in Asia Pacific. Equipped with fully automated X-ray inspection machines, it will increase the speed of our shipment inspection by three times – enabling us to significantly expedite the processing speed of shipments that come through the CAH."

Fred Lam, CEO of Airport Authority Hong Kong said, "DHL is an important strategic partner of the Airport Authority Hong Kong since the first commencement of its Central Asia Hub in 2004. We welcome their decision to expand the CAH which is essential to sustain the leading cargo position of HKIA. The strong growth of cross-boundary e-commerce in recent years has generated new opportunities for the air cargo industry. The expansion of DHL Central Asia Hub comes at an opportune time to enhance our capability in handling express and small parcel shipments. And we have taken an array of measures to further strengthen our role as an international and regional aviation hub, which include reserving land on both the airside and landside in the South Cargo Precinct to support the growth in transshipment, cross-boundary e-commerce and high value-added air cargo business."

The expanded CAH is expected to begin operations in Q1 2022, in time to capture strong demand in the Pan-Pearl River Delta (PPRD) region and completion of the Three Runway System for the Hong Kong International Airport in 2024. The expansion of the CAH will deliver about 50% increase in warehouse space to 47,000 square meters.

Already a TAPA Class A-certified facility, the expanded CAH will boast a state-of-the-art security system with a total of 520 CCTV cameras and an advanced access control system. The CAH also features a Quality Control Center (QCC) which monitors flight uplift/landing times in real time, reporting any irregularities on the spot, which in turn enables DHL to proactively notify customers in the event of flight delays or cancellations. The QCC is linked to the Asia Pacific Network Control Centre in Hong Kong and more than 70 gateways and over 500 service centers in over 40 cities in other Asian countries.

Strategically located in Hong Kong, within a four-hour flight time to major cities in Asia Pacific and in the PPRD region, the CAH is complemented by a well-established Asia Air Network which is served by over 800 commercial daily flights.

DHL -- The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL family of divisions offers an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 350,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, energy, automotive and retail, a proven commitment to corporate responsibility and an unrivalled presence in developing markets, DHL is decisively positioned as "The logistics company for the world".

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 57 billion euros in 2016.

Source: DHL

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China New Higher Education Being Included as a Constituent of MSCI China Small Cap Index
 
Nov 14, 2017
Category:

(14 November 2017, Hong Kong) China New Higher Education Group Limited ("China New Higher Education", together with its subsidiaries, "the Group", stock code: 2001.HK) is pleased to announce that China New Higher Education has been included as a constituent stock of the Morgan Stanley Capital International ("MSCI") China Small Cap Index for the first time in the latest review MSCI indexes, effective upon the close of market on 30 November 2017. Previously, China New Higher Education has been included as a constituent stock of the Hang Seng Composite Small Cap Index and the Hang Seng Consumer Goods & Services Index in the Hang Seng Composite Index Series with effect from 4 September 2017.

The MSCI Indexes are one of the most widely used standards by institutional investors for stock selection and investment monitoring. The MSCI China Small Cap Index is designed to measure the performance of the small cap segment of the China market, covering companies with excellent business performance and development potential. Companies that are included as constitutes of the MSCI China Small Cap Index have outstanding business performance and tremendous growth potentials.

Mr. Li Xiaoxuan, Chairman of China New Higher Education, said, "It is really encouraging that China New Higher Education has been included as a constituent stock of MSCI China Small Cap Index for the first time. The inclusion will, we believe, elevate the Group's reputation among institutional investors, attract more potential investors and thus bring a positive impact to the trading liquidity of the Company."

-Ends-

About China New Higher Education Group Limited
China New Higher Education is a leading private formal higher education group in China with nearly 20 years of education industry experience, specializing in providing higher education which focuses on applied sciences. The Group endeavors to help each student maximize his or her potential and live his or her life to the fullest. The Group's fundamental educational philosophy is mainly composed of two integral parts: (i) to nurture the growth of students, and provide education tailored to each student's individual needs and circumstances; and (ii) to equip students with practical and readily applicable skills that meet market demand. The Group currently operates and invests in four schools, namely the Yunnan Technology and Business University, the Guizhou Technology and Business Institute, the Science and Technology College of Hubei Minzu University and the Harbin Huade University in Southwestern, Central and Northeastern China, and the construction of Northwest School will commence in the second half of 2017.

The Group provides high quality higher education in a wide selection of fields in applied sciences. Its courses are designed to equip students with practical and readily applicable skills, helping to prepare them for job market. It achieved industry-leading graduate employment rates, with over 98% of its graduates from 2013 to 2015 by the end of their year of graduation, according to Frost & Sullivan. Furthermore, the Group is one of the fast-growing higher education groups focusing on applied sciences in China in terms of the number of students enrolled at the end of the past three school years, with its overall student enrolment growing from 46,460 in 2016/2017 academic year to 54,290 in 2017/2018 academic year, including total 39,226 students in Yunnan, and Guizhou school which the Group operated and total 15,064 students in Central China and Northeast school which the Group invested. The Group has been included as a constituent stock of the Hang Seng Composite Small Cap Index and the Hang Seng Consumer Goods & Services Index in the Hang Seng Composite Index Series in August 2017, and has been included as a constituent stock of the MSCI China Small Cap Index in November 2017.

The press release is distributed by Wonderful Sky Financial Group Limited on behalf of China New Higher Education Group Limited.
For further information, please contact:
Wonderful Sky Financial Group Limited
Jacqueline Wong / Alice Wong /Cici Chen
Tel: (852) 3970 2177 / (852) 3970 2238/ (852) 3641 1331
Email: po@wsfg.hk / alicewong@wsfg.hk /cicichenc@wsfg.hk

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Chinese AI Pioneer YITU announces plans to establish R&D Hub in Singapore
 
JCN Newswire
Nov 14, 2017
Category:
Tags:

Singapore will become the gateway for YITU to expand in the rest of the world

SHANGHAI - YITU Technology, a Chinese pioneer in artificial intelligence (AI), announced plans to set up a Research & Development (R&D) Hub in Singapore, bolstering Singapore's AI applications in the area of security and finance.

The plans were discussed at a visit to YITU's Shanghai headquarters by officials from the Ministry of Home Affairs (MHA) and Singapore's Economic Development Board (EDB), where they witnessed YITU's award-winning facial recognition technologies.

AI is one of the key frontier technologies that the Singapore Government will harness and build capabilities in, positioning the Smart Nation as a regional focal point for the fast growing industry. When YITU's R&D Hub is established in Singapore, it will be their first R&D Hub outside of China.

"Singapore is an international hub and a strategic place to start for YITU as compared to other countries in the region. The AI vision of Singapore is that once it has started its AI development, there will be a ripple effect across other countries and regions as Singapore has a good reputation, and other companies will possibly follow in it's footsteps.

"Hence our focus is to set up R&D Hub in Singapore rather than elsewhere as this is a strategic choice to be in the next AI Hub," said Leo Zhu, CEO and Founder of YITU. "Through YITU's products, we can help Singapore to evolve its society. Singapore is a strategic location for us to begin our overseas venture."

At the visit, the delegation also learnt about the extensive business applications of YITU's technology in sectors such as security, finance, transportation and healthcare. "We are impressed that YITU has won the 1st Place in Identification Accuracy in Face Recognition Prize Challenge 2017 hosted by IAPRA," Jo Choo, Director Ops - Technology Group, Singapore Ministry of Home Affairs, said.

"We believe that these strengths will provide foundations that we need to leverage advanced AI technology to enhance Singaporeans' living standards. We realized video analytics are up and coming in China, and would like to work with Chinese companies to find an integrated solution."

YITU's advanced facial recognition technology has been adopted by China Merchants Bank at over 1,500 outlets nationwide, enabling face-authenticated cash withdrawals at ATMs. Shanghai Pudong Development Bank has also adopted YITU's technologies in its Video Teller Machines (VTM) and for online banking.

YITU's technologies have also been used in sectors such as public safety, financial services, healthcare, customs and ports, and integrated marketing. YITU has formed partnerships with leading companies in these fields to provide integrated solutions.

About YITU-
YITU Technology (YITU) is a pioneer in practical artificial intelligence (AI) research and innovation, providing advanced AI-based business solutions to build a safer, better and healthier world. YITU boasts a world-class R&D team that drives industrial development to find comprehensive solutions in the areas of machine vision, speech and language understanding.www.yitu-inc.com.

Pls Contact-
Eva Chen
zhengying.chen@yitu-inc.com
+86-21-6151-7311

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German wind turbine maker opens Asia-Pacific operation hub in Taiwan
 
Nov 13, 2017
Category:

Enercon GmbH, the largest wind turbine supplier in Germany, has opened an Asia-Pacific operational hub in Taiwan, eyeing the booming renewable energy market in the country.

The regional hub has begun operations, with the goal of investing about US$264 million over the next 10 years to transform its Taiwan office into a marketing center.

The 10-year investment will also be assigned for personnel training to turn the local office into a research and development and maintenance center in the region for Enercon, the company said.

Prior to the establishment of the Taiwan hub, Enercon had accounted for more than 60 percent of land-based wind turbines built in Taiwan. Currently, the firm has installed 213 land-based wind turbines with a capacity of 463 megawatts.

Currently, the German firm produces a majority of components for its wind turbines. Bart Linssen, managing director of Enercon Taiwan, said the company is likely to outsource Taiwanese suppliers to provide components, such as blades and motors, for its wind turbine production in the future.

Taiwan's government has set a goal of building 1.2 gigawatts in land-based wind turbines by 2025, expecting that green energy will account for 20 percent of the total electricity production, up from 5.1 percent in 2016. This goal has attracted many foreign renewable energy developers to Taiwan.

Source: Focus Taiwan
Lily Lin (lilylin@taitra.org.tw)

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mybitwallet introduces Payment Request feature
 
JCN Newswire
Nov 13, 2017
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Singapore/Tokyo, Nov 11 - JCN Newswire - mybitwallet, a world-wide, online payment services e-wallet, is pleased to announce the availability of a new Payment Request feature for businesses and individual users of the mybitwallet payment service. The new feature offers an easy and convenient way for merchants or other users to request and collect online payments from among mybitwallet account holders and send custom Payment Requests with complete tracking and payment receipts which are automatically sent to both parties with each transaction.

The new service is designed for any number of everyday situations. It is for friends or colleagues who simply want to share the expenses of food and drink easily among themselves. It is for borrowers who may wish to repay their debts incrementally, or for service providers who may want to receive monthly or periodic payments. By using this service, anyone with mybitwallet can issue a Payment Request in an ad-hoc way, or make payments promptly and securely, between friends or clients or for any periodic or impromptu payments for business.

Benefits for users sending Payment Requests --
Friends using mybitwallet Payment Request system can exchange funds without actually meeting, while businesses can receive a more stable collection of funds or monthly payments by using the Payment Request system. Moreover, senders of a Payment Request may limit payment methods to those available for a particular friend or client as a means of settlement.

Senders of a Payment Request can normally select from various payment methods, such as credit-card settlement, mybitwallet account, or mybitwallet plus credit-card payment, while a Payment Request may also be sent to someone who doesn't have a mybitwallet account. After a Payment Request is sent, the sender may change or even cancel the request if it hasn't yet been paid.

Benefits for customers receiving Payment Requests --
Customers who receive a Payment Request won't have to visit a bank or convenience store for fund transfers, rather they may withdraw the requested amount from a mybitwallet account or settle by credit-card. Further, customers can make payments without any worry, as an invoice with details of the item(s) and sender of the request will always be attached to the e-mail.

With the release of the Payment Request feature on mybitwallet, businesses and other users will be able to collect payments more conveniently, while customers will able to respond to requests with a transfer of funds more easily. The team at mybitwallet is available 24/7 to help you with your daily payments or collections of sales proceeds.

Payment Request service flow --
Businesses or other users who wish to send a Payment Request can easily send a request email with a PDF invoice attached to a specified email address. Each email also has a link to the 'make payment' page and a list of the outstanding items on the customer's account.

Customers receiving a Payment Request e-mail may easily make the payment by logging in to mybitwallet and accessing the one-time payment screen by clicking the URL in the request email from the sender. From that payment screen, payment can be easily made. The remittance fee will be borne by the user on the sending side, while the same applies if the payment is made by card settlement.

About mybitwallet

mybitwallet digital Wallet was introduced in 2016 by E PROTECTIONS PTE LTD, which was founded in Singapore in 2012. mybitwallet is a leading online payment solution driven by a team of passionate disruptors determined to create a seamless payment platform for business owners and merchants around the world and their clients.

mybitwallet aims to provide not only the world's best multi-currency, real-time payment experience for all mybitwallet users, but the world's best complete payment solution experience across all industries. Please visit our official 'mybitwallet' site athttps://mybitwallet.com.

Contact: mybitwallet
Jasmine Chang
T: +65 6221 0111
E: jasminechang@epro.sg

Japan Customer Service
T: +81 3 6893 0958
E: info@mybitwallet.com

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