Dr Eden Y Woon is the new President of AIT
 
Sep 06, 2018
Category:

Dr. Eden Y Woon is the new president of the Asian Institute of Technology (AIT). He assumed office on 1 September 2018.

A formal handing over of the baton of presidency was organized on 30 August 2018 at the Robert B Banks Auditorium in the presence of the members of the AIT Board of Trustees. Dr. Woon was introduced by the Chairman of the AIT Presidential Search Committee Dr. Anat Arbhabhirama, following which he delivered his acceptance remarks. Chairperson of the Board of Trustees, Dr. Subin Pinkayan welcomed Dr. Woon and thanked outgoing President Prof. Worsak for his significant contributions to the Institute. Dr. Woon received the AIT medallion from outgoing President Prof. Worsak, a symbolic emblem that is worn by the AIT President at the Institute’s graduation ceremonies.

Prof. Worsak delivered remarks on “Overview of AIT’s Past and Present” while Dr. Woon presented his thoughts on “Prospects for AIT’s Future.”

Dr. Eden Woon thanked the selection committee chair Dr. Anat, Board Chair Dr. Subin, and all Board members for appointing him to succeed a list of distinguished presidents who have previously led this prestigious institution.

Dr. Woon complimented President Worsak for being an outstanding leader who helped in stabilizing AIT and providing it with a solid foundation. “AIT is at crossroads with a strong need to clearly define its relevance in view of fierce competition from higher education institutions all over the world, including the region,” Dr. Woon said. He described his vision of AIT as being a relevant and respected global technological and entrepreneurial institution serving Asia and the world. “To accomplish this, we need to be outward reaching and more proactive in forging international relationships and incorporating innovation and entrepreneurship into its positioning,” Dr. Woon remarked. He added that AIT must work more with enterprises in both research and education.

“Finally, I will seek to bring a positive energy to AIT and I will ensure that AIT is a caring organization to its stakeholders—students, faculty, staff, alumni, and friends.,” Dr. Woon added. He concluded his short remarks with a plea for the Board to support the changes that will be needed to enable AIT to move forward and upward at this critical juncture of its 60-year history.

Prof. Worsak extended his warm welcome to the incoming President Dr. Eden Woon stating: “With the solid foundation that we have strived to achieve during the last five years, I would like to ask all members of the AIT community to continue and provide strong support to Dr. Woon in his vision to take AIT to new heights.”

Earlier, on 19 May 2018, the AIT Board of Trustees had announced the appointment of Dr. Woon as the next President. The process of selecting a new president had begun in April 2017, and the Presidential Search Committee headed by Dr. Anat Abhabhirama had completed its process in early 2018.

Dr. Woon is Chinese-American, and he has wide-ranging experience in the military, private sector, and academia. Dr. Woon received his BA degree (Phi Beta Kappa) from the University of Iowa and his MA, MS, and PhD degrees (all in Mathematics) from the University of Washington in Seattle.

Media Contact
---------------------
Bajinder Pal Singh
bajinder@ait.ac.th
006625245830
Web: https://www.ait.ac.th

SOURCE / Asian Institute of Technology

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HAITE and MAB Academy Sign MOU for Training Services Collaboration
 
Aug 29, 2018
Category:

Singapore, 29 August 2018 --( ASIA TODAY )-- HAITE Aviation Training (hereafter referred to as ‘HAITE’), a wholly-owned subsidiary of Sichuan Haite High-Tech Co. Ltd. of Chengdu, China (HAITE Group), and Malaysian Airlines Berhad (MAB) Academy, a subsidiary of the Malaysian Aviation Group (MAG), have come together to collaborate on the provision of joint commercial flight crew training services in Malaysia.

A holistic aviation education institution that provides all aspects of airlines operations and management training, MAB Academy is endorsed by the Civil Aviation Authority of Malaysia (CAAM), and is a strategic regional training partner with the International Air Transport Association (IATA).

Ben Lam, Managing Director of HAITE said, “As an independent aviation training centre, HAITE Aviation Training has been playing a key role in developing and implementing skill development programs for aviation pilots and cabin crew across Asia Pacific. This MOU opens the pathway for closer collaborations between HAITE and MAB Academy to provide regional airlines with a one-stop, sustainable, and effective training solution.”

The two parties signed a Memorandum of Understanding (MOU) on 29 August 2018 at the HAITE Singapore Aviation Training Center located in Changi Business Park. HAITE and MAB Academy will work together to develop and implement turnkey pilot training solutions to various airlines in the Asia Pacific. The companies will also explore the setting up of a joint venture to provide high-fidelity simulator training for commercial pilots. In addition, both parties will work towards conducting a Multi-crew Pilot License (MPL) program, and jointly explore the provision of cabin crew training equipment to MAB Academy’s new facilities.

“We welcome this collaboration with HAITE,” shared Captain Kamaruddin Kamilin, MAB Academy CEO. “Together, HAITE and MAB Academy will deliver world-class pilot and cabin crew training to Malaysian Airlines and other regional airlines, supporting the fast-growing training needs of cockpit crew in Asia. We look forward to shaping the future of aviation training in partnership with HAITE.”

For more information on HAITE, please visit www.haitegroup.com.

For more information on MAB Academy, please visit www.malaysiaairlinesacademy.com.

###

About HAITE Aviation Training Singapore

HAITE Aviation Training Singapore (officially ‘Aviation Safety and Training Pte Ltd’, hereafter referred to as HAITE Singapore), is a wholly-owned subsidiary of Sichuan Haite High-Tech Co. Ltd. of Chengdu, China (HAITE Group).

The company was established to manage the HAITE Singapore Aviation Training Centre, which officially opened in April 2015. The training center serves as a training hub for pilots and related aviation crew, for various aircraft models that are widely used in China and the Southeast Asia region. It is the Group’s first aviation training center outside of China, and is also the first major investment by a Chinese aerospace company in Singapore.

Located in Changi Business Park, the 6-storey facility spans over 21,000 sqm, and currently holds two Full Flight Simulators. Two new Flight Simulators will be added in January 2019 and January 2020. At its full seven-bay capacity, the training center will be able to provide over 40,000 hours of training per year.

HAITE Singapore’s Aviation Training Centre also offers professional and customized training programs. In addition to the flight simulator bays, the center also has briefing rooms, classrooms, computer-based training (CBT) rooms, training auxiliary facilities, a rooftop conference/dining room, as well as a crew lounge and cafeteria.

About the HAITE Group

Established in 1991, HAITE Group is a China-based integrated aerospace company that specializes in repair and maintenance, inspection, training, and research and development of aviation electronics.

Headquartered in Chengdu, China, the Group owns nearly 50 subsidiaries and associated companies in China and the Asia Pacific, and works with major aircraft manufacturers worldwide, including Boeing, Airbus, and Bombardier. HAITE Group currently employs more than 2,000 people.

Sichuan Haite High-Tech Limited, a subsidiary of HAITE Group, is China’s first private aviation maintenance company, and is the first aviation company in Southwest China to be awarded the coveted CCAR-142 certification. This permits HAITE to conduct aviation training, and is awarded by the Civil Aviation Administration of China. HAITE currently operates a Training Centre in Kunming with another facility under final stage of construction in North East China.

Editorial Contact

Ms Gracine Wee | e: gracine@redbugpr.com | t: +65 6220 4787

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VIPKid Announces Strategic Partnership With World-Renowned Education Publisher Houghton Mifflin Harcourt
 
Aug 29, 2018
Category:

BEIJING--(BUSINESS WIRE)--This week, global education company VIPKid announced a strategic partnership with Houghton Mifflin Harcourt (HMH), one of the most influential educational publishers in the world. Together, the companies will utilize HMH’s highly regarded reading and language arts curricula to develop learning programs for VIPKid’s platform, making VIPKid the first online education company to acquire these rights from HMH in China. Through this partnership, VIPKid becomes the exclusive partner for three programs in China. Together, the companies will develop targeted educational experiences for Chinese students. In addition, VIPKid announced this week its Global Curriculum Development Plan encompassing strategic alliances with over 20 educational institutions.

As part of this cooperation, VIPKid will obtain the online tuition rights to three major series of HMH award-winning curricula, including Journeys, Escalate English, and Collections. Journeys is currently used by 6.7 million primary school students in the United States, while Collections is used widely in middle and high school classrooms. VIPKid plans to launch its Super course based on HMH’s Journeys and Collections. Super, aimed at ages 5-18, covers core competencies such as language development and subject acquisition to enhance students’ long-term ability to learn.

Since its founding in 1832, HMH’s educational materials have reached over 50 million students in more than 150 countries. HMH’s Senior Vice President of Global Markets Samuel Bonfante explained that HMH chose to partner with VIPKid because of its leading position in the Chinese market and global reach. “We believe that cooperation between VIPKid and HMH will better meet the needs of students in China and around the world and will lead to excellent learning outcomes. We’re excited to partner with such an innovative and mission-driven company.”

VIPKid also announced its Global Curriculum Development Plan that outlines VIPKid’s goal to partner with over 20 leading educational institutions in the next five years to create content that is both global and local in nature for Chinese children. Regarding the importance of curriculum development, VIPKid Founder and CEO Cindy Mi said, “Our goal is to help break down cultural barriers and create learning materials that will teach children to see themselves as global citizens. Today we’re excited to take a major step forward through our partnership with Houghton Mifflin Harcourt, and we will continue to partner with industry leaders to develop innovative curriculum so that all children can find joy in learning.”

About VIPKid

VIPKid is a global education technology company that connects children with the world’s best teachers for real-time online English immersion learning. VIPKid’s mission is to inspire and empower every child for the future. VIPKid believes that education is not one-size-fits-all, rather all students are unique and the world is within their reach when connected with great teachers capable of personalizing learning and sparking curiosity.

Founded in 2013 and formally launched in 2014, VIPKid has become China’s market-leading online education startup, attracting investment from Tencent, Sequoia Capital, Yunfeng Capital, Coatue Management, Matrix Partners, Sinovation Ventures, Learn Capital, Northern Light VC, Bryant Stibel, among others. The VIPKid platform currently connects over 500,000 paying students with over 60,000 teachers in the US and Canada.

For more information, please visit: www.vipkid.com.

Contacts
VIPKid
Adam J. Steinberg
Adam.Steinberg@vipkid.com.cn
Or
Johanna Goodrich
Johanna.Goodrich@vipkid.com.cn

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COPC Inc. Partners with Quest Learning in Malaysia to Offer Customer Experience Management Training
 
Aug 09, 2018
Category:

SINGAPORE & KUALA LUMPUR, Malaysia--(BUSINESS WIRE)--COPC Inc., a global consulting firm that helps companies improve operations to transform the customer experience, is pleased to announce a partnership with Quest Learning in Kuala Lumpur, Malaysia, to provide call centre and customer experience management training that qualifies for the Human Resources Development Fund (HRDF) subsidy. The first two COPC Inc. classes offered in partnership with Quest are COPC® Customer Journey Mapping Certification on 25-27 September 2018, and COPC® Best Practices for Customer Experience (CX) Operations on 29 October – 2 November 2018. Additional dates for these two classes will be available in 2019. Companies that participate in the Malaysian government’s HRDF program can take these classes and receive a subsidy on class fees under the HRDF guidelines.

“We have been working with clients in the Malaysian market for the past few years and this is the next step to helping companies improve both operational performance and the customer experience. Quest Learning has an excellent reputation within the Malaysian business community and we look forward to partnering with them to offer our call centre and customer experience training programs,” said Ian Aitchison, CEO Asia Pacific region, COPC Inc.

All COPC Inc. training offered through Quest Learning will be presented by Andy Cranshaw, director South East Asia operations, COPC Inc. Cranshaw is a call centre industry specialist with over 25 years of experience working with some of the largest call centres in South East Asia to drive performance improvement and increase customer satisfaction. Based in Kuala Lumpur, Cranshaw is a registered trainer through the HRDF.

“COPC Inc. is a global thought leader and has worked with many well-known companies to improve their customer experience operations. Their call centre management training is the best in the business, and we are pleased to partner with them. Working together, and with the benefit of the HRDF fund, we will help to enhance Malaysia’s regional and global competitiveness,” said K.C. See, founder and CEO, Quest Group of Companies.

Overview of the two COPC Inc. classes currently being offered by Quest:

COPC® Best Practices for CX Operations

This is a four-day, in-depth training program about how to deliver a world-class customer experience (CX) operation. A half-day exam is available on the fifth day for participants who want to become a Certified COPC Implementation Leader. Topics include:

How to apply real-world benchmarks, implementation tips and best practices for achieving high performance
Fundamentals of measuring the customer experience, including key metrics to accurately measure the customer experience for one channel or multiple channels, customer satisfaction benchmarks, and how to prioritize actions
Methods for gathering and analyzing customer feedback through a structured approach
Understanding key drivers of the customer experience and leveraging the customer care function as a listening post
A proven quality approach to drive customer experience improvements by ensuring quality is aligned with key drivers of customer satisfaction
COPC® Customer Journey Mapping Certification

This is a two-and-a-half day class that provides the knowledge and tools to lead a customer journey mapping project. The class features how to execute the COPC Customer Journey Mapping methodology, along with how to use the COPC Inc. customer journey mapping tools and techniques. At the end of the class and upon successful completion of the exam, participants will be certified in COPC Customer Journey Mapping. For more information about COPC Inc. training offered through Quest Learning, go to www.copc.com or www.qscasia.com. For more information about the HRDF program go to www.hrdf.com.my/.

About COPC Inc.

COPC Inc. provides consulting, training, certification and the RevealCX™ software solution for operations that support the customer experience. The company created the COPC Standards, a collection of performance management systems for call center operations, customer experience management, vendor management, and procurement. Founded in 1996, COPC Inc. began by helping call centers improve their performance. Today, the company is an innovative global leader that empowers organizations to optimize operations to deliver a superior customer experience across all channels. COPC Inc. is privately held with headquarters in Winter Park, FL, U.S. and with operations in Europe, Middle East, Africa, Asia Pacific, Latin America, India and Japan. www.copc.com

About Quest Learning

Quest Group has been established since 1984 and has enjoyed a leading position in the market place, covering the area of consulting, training and event management. The company’s goal is to help organisations improve performance, productivity and profits through result-based training, coaching and consulting. For over 30 years, Quest has worked with global brands and hundreds of organisations throughout Asia, bringing tangible results and improvement to their organisations. Quest provide organisation- and industry-specific solutions in 6 areas: Business Acumen, Leadership & Management, Persuasive Communication & Influence, Sales & Marketing, Service Quality, and Organisational Development. Headquartered in Kuala Lumpur, Malaysia, Quest serves global clients throughout the region from offices in China, Singapore, Hong Kong and Indonesia, providing their clients the opportunity to work on a regional platform.

Contacts
COPC Inc.
Lezli Harrell, 512-431-4481
lharrell@copc.com
or
Quest Learning
Mirza Izzudin, +603-8933 6219
mirza@qscasia.com

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
iFlytek AI Hospital is Ongoing in Anhui and Beyond
 
Aug 03, 2018
Category:

In the outpatient hall of Anhui Provincial Hospital of China, an artificial intelligent (AI) robot named “Xiao yi” is wandering around to assist doctors with making initial diagnosis for patients.

Artificial Intelligence Aided Diagnosis and Treatment Center, which is established jointly by Anhui Provincial Hospital of China and iFlytek, has been operated for almost a year since August 20, 2017. “Xiao yi” is one example of the AI programs applied in the hospital to help with medical cases.

LU Xiaoliang, deputy general manager of iFlytek, said, “I’m glad we chose to research on application of AI in the medical sector rather than medical informatization or internet-based medical treatment. We believe it can improve both efficiency and ability of the doctor.”

iFlytek has multiple advantages of high technology, such as voice technology, image recognition and natural language processing. Moreover, they recognized that medical problems root in the lack of high-quality medical resources which can be settled by AI through empowering doctors.

“Yun Yisheng”, meaning cloud doctor, is another clinical application of iFlytek in the form of APP. It integrates several systems including medical advice entry, image data examining and medical record writing to improve physician’s productivity.

QI Yinbao, a doctor from neurosurgery department, said, “ Yun Yisheng not only makes us more efficient by reducing medical record writing time, but also provides us a platform to learn by ourselves through reading latest research and comparing our diagnosis with intelligent diagnosis. Besides, it has high security level to prevent data from divulging.”

Image diagnosis cloud platform also enables Doctor QI to help rural practitioners remotely, and this is vital for speeding up diagnosis and preventing misdiagnosis in diseases concerning lung and breast.

The number of “Yun Yisheng” views by clinicians increased from 1500 in 2017 to 2260 in first half year of 2018 alone, in other words, there is an average increase from 1.15 to 1.5 per day, indicating that more and more clinicians are using this APP.

Challenges do occur as YAN Guang, the vice president of the hospital, put it, “It is difficult to establish a standard for Intelligent Hospital, but we are trying to make it according to the development of hospital and its classification. Furthermore, administrative obstacles should be overcome for the sake of the patients.”

LU Xiaoliang shared similar view, for iFlytek needs to develop related technologies as well as build up a business mode. “Government’s support is crucial for promoting the program”, he said, “AI medical treatment first needs to pass the audit standards, such as the standard set by CFDA, then it should be industrialized through a certain business mode, such as putting AI project into medical insurance.”

Challenges come along with opportunities. Since the establishment of Intelligent Hospital, the government has invested 3.8 million yuan and a team is formed special for AI application developing.

Besides Anhui Provincial Hospital of China, iFlytek is also cooperating with more than 100 third class hospitals nationwide,and looking for more in the future.

(Written by Mairebaha, Edited by GUO Jianjian, USTC News Center)

SOURCE / University of Science and Technology of China

 
 
NTU Team Develops Novel Carbon Adsorption and Conversion Technology
 
Aug 03, 2018
Category:

The Ministry of Science and Technology (MOST) has recently carried out several strategic projects, including the National Energy Program and the Circular Materials Program, to achieve energy conservation and carbon mitigation. A research team from the NTU Department of Chemical Engineering has collaborated on these two projects and successfully developed the world-leading innovation: "Hollow Metal Fiber Supported Sorbents for Carbon Dioxide Adsorption/Catalytic Conversion System." The technologies have received several global recognitions. The patented technology of carbon dioxide adsorbents secured the gold medal in the 2016 Invention and New Product Exposition (INPEX), Pittsburgh, the United States. The key technologies of the carbon separation and conversion process were also granted the 14th National Innovation Award in 2017.

Furthermore, the research team headed by Prof. Kuo-Lun (Allan) Tung (童國倫) has established a startup company, ExtreMem Ind. Co., operating it under circular economy principles. The ExtreMem Co. mainly focuses on the manufacturing of membranes and other related products as well as the development of technologies for liquid treatments. In the future, the second startup company, BrightMem Co., will adopt new technologies from academia to accelerate the commercialization of carbon capture modules and catalyst conversion technologies.

The massive production of carbon dioxide cannot be avoided due to the extensive use of coal power plants and the rapid growth of industries. Nowadays, as circular economy concepts become widespread, the carbon capture and utilization (CCU) technologies have been increasingly regarded as the best strategy to address carbon pollution. In light of this, the NTU research team pioneered the development of the Hollow Metal Fiber Supported Sorbents, which will be further applied in the CCU process. The spun fibers contain a high content of uniformly dispersed porous silica adsorbents with enormous specific surface areas (>500 m2/m3 ). With this feature, the sorbents can rapidly adsorb a large amount of carbon dioxide, producing high-concentration carbon dioxide and then allowing further utilization of this greenhouse gas. This innovative design has successfully overcome the shortcomings of conventional adsorption devices, including poor thermal efficiency and short lifespan. Moreover, the design is flexible and scalable. With this design, system throughput can be enhanced simply by connecting the devices in series/parallel arrangements, making this technology readily feasible for industrial applications.

For various CCU technologies, the desorption stage often takes up more than 70% of the operating costs. However, through system optimization, we can integrate and reuse waste heat produced from industrial plants, and thus significantly reduce the cost of carbon capture, making the whole process more economical and cost-effective.

Regarding carbon dioxide utilization, the NTU team has been developing novel nanoporous metal-organic framework materials that have both high catalytic power and high surface area, and can thus significantly speed up the reaction rate. This catalyst is used to start the reaction of propylene oxide and high-purity carbon dioxide captured in the previous stage to produce propylene carbonate (PC). The conversion rate can reach up to 75% within 24 hours. PC is one of the raw materials for producing high-value chemicals such as polypropylene carbonate (PPC), which is extensively used to manufacture bio-degradable foams, plates, disposable medical/food packaging materials and so forth. Hence, overall, this newly-developed integrated system can dramatically reduce carbon mitigation costs and facilitate the development of circular economy and circular materials.

SOURCE / National Taiwan University

 
 
16 HKU start-up companies receive support from TSSSU@HKU Funding Scheme to commercialise R&D results
 
Aug 03, 2018
Category:

16 start-up companies formed by Professors, students or alumni of the University of Hong Kong (HKU) received the funding support from 2018/2019 Technology Startup Support Scheme for Universities @HKU (TSSSU@HKU) to commercialise their Research and Development results. The TSSSU@HKU Award Celebration Gathering was held today (26 July) at HKU to acknowledge the achievements of the TSSSU awardees.

The event was attended by Professor Andy Hor, HKU Vice-President and Pro-Vice-Chancellor (Research), Ms Zorina Wan, Assistant Commissioner for Innovation and Technology (Policy and Development) of ITC, Mr Albert Wong, CEO of Hong Kong Science & Technology Parks Corporation and panel members of TSSSU@HKU. Dr Miles Wan, founder of Fano Labs Ltd and one of the past TSSSU awardees, shared his valuable experience in running a start-up and the support received under the TSSSU@HKU programme.

The 16 TSSSU@HKU awardees for this year are as follows:

1. Brain Investing Limited
All-in-one Fin-tech solutions based on artificial intelligence technologies
2. CISC Limited*
Provision of cyber intelligence and cyber security consulting
3. Conzeb Limited*
High speed imaging for cancer diagnostics
4. Corvidae Technology Limited
Automation of industrial inspection of wind turbines and other commercial sites by drones and associating technologies
5. Datax Limited
A digital platform built on blockchain for data exchange
6. EN Technology Limited*
Novel encapsulation technologies for food and cosmetics industries
7. Eonzen Technology Company Limited*
Non-invasive blood glucose monitoring
8. HACTIS Limited*
Provision of Virtual Reality (VR) technology for training and education
9. High Performance Solution Limited*
Thermo-electrochemical capacitor (TEC) for converting low grade wasted heat into electricity
10. ImmunoDiagnostics Limited*
Biomarker discovery, assay development and in vitro diagnostics of major chronic diseases
11. Lifespans Limited*
Implant for repairing bone fractures in the elderly
12. m-Chinese Solution Limited*
A mobile app for enhancing teaching and learning in Chinese and connect and supporting individual learners and experts to organize mobile consultation and learning courses
13. Novel Sonics Limited*
Novel ultrasound imaging techniques for economical, real time and non-invasive diagnosis of Cardiovascular diseases
14. QuantumFabless Limited*
Fast and reliable quantum mechanical modeling and simulation tools for nano-scale materials, devices and applications modelling, to accelerate the research and development, improve quality and reduce cost
15. SkinData Limited*
Advancement of naturally sourced active pharmaceutical grade compounds to consumers seeking to maintain and improve skin health
16. Weavatools Limited
Collaborative research tools that simplifies the research process for students and corporations around the world

12 of the above 16 start-ups are commercialising HKU technologies (marked with *). Please contact the Communications and Public Affairs Office to learn more about the start-ups and to arrange media interviews.

Technology Startup Support Scheme for Universities @HKU
TSSSU@HKU is an award scheme that provides funding support to technology start-up companies formed by HKU’s Professors, students or alumni. This is leveraging on a funding scheme, “Technology Start-up Support Scheme for Universities” (TSSSU), provided by the Innovation and Technology Commission (ITC) for the six local universities, under which ITC will provide each university with an annual funding of up to HK$4 million to encourage technology start-ups to commercialise their R&D results. Companies under the scheme will be funded with a maximum amount of HK$1.2 million each year for no more than 3 years.

The scheme was first launched in 2014. So far, the TSSSU@HKU programme has supported 30 new technology startup companies in total. 6 of them were admitted to the Cyberport’s Incubation Program and another 8 were admitted to the corresponding programme at the Hong Kong Science and Technology Park.

Media enquiry:
Communication and Public Affairs Office:
Ms Trinni Choy (Tel: 2859 2606/ Email: pychoy@hku.hk)
Ms Rashida Suffiad (Tel: 2857 8555/ Email: rsuffiad@hku.hk)
Ms Melanie Wan (Tel: 2859 2600 / Email: melwkwan@hku.hk)
Technology Transfer Office:
Ms Alice Ip (Tel: 22990177 / Email: alice@tto.hku.hk)

SOURCE / The University of Hong Kong

 
 
Renewable energy summer school: a fruitful trip
 
Aug 03, 2018
Category:

Conor, one of the nine international students who were admitted into the first ever Renewable Energy Summer School, has enjoyed his time at ZJU working with the researchers here.

"I came to this program to do research but also to learn a little bit about China. I've really enjoyed that. Different people in my lab are incredibly inclusive and we've done a lot of good research together, which is important to me," said Connor from University of Michigan, Ann Arbor.

Organized by ZJU’s College of Electrical Engineering, the summer school lasts from July 1 to July 21 this year. Nine students from five countries enjoyed the 20-day journey of renewable energy research and traditional Chinese culture experience on and outside campus.

"This is the first time that the College has held summer school program. We hope to establish a sustainable research platform and expand research cooperation with top universities through the program," said XU Wenyuan, the program leader.

Students were divided into several research groups based on their research interests. Topics they have been working on include "Intelligent System Security Research", "Fundamental Study on Wireless Charging System for Electric Vehicles", "Friendly Interactive Systems between Power Grids and Urban Electricity Consumers", etc.

Six professors, SHEN Jianxin, XU Wenyuan, DING Yi, LI Wuhua, MENG Jun and WU Lijian from College of Electrical Engineering serve as their instructors. Local graduate students from the labs of these instructors also joined the groups to work together with the international students.

"I got a lot of creative ideas from my instructor and I also learnt about interdisciplinary research from the lecture 'Hardware based Lightweight Authentication for IoT Applications in the Smart World' delivered by Prof. QU Gang." said Sharaf, a student from University of South Carolina.

Upon their arrival, the students were attracted by the beautiful scenery on Yuquan Campus, which is just located in the West Lake Scenic Area. Do Tuan, a student of Sorbonne University Association of France, went climbing Laohe Mountain near the campus on the first day.

I really enjoy the scenery while standing on top of the mountain and I like the traditional Chinese buildings, said Do Tuan. Last year I attended a summer school in France, but this year's summer school in China is very different. I not only had some scientific research, but also attended many cultural activities. And I was surprised at Chinese tea culture. It was interesting to learn how to make tea.

Byung Hoon, a student from University of Illinois at Urbana Champaign, has once lived in China for a few years. However, the cultural expedition is still quite informative for him. "We went to silk museum, sword museum, food museum in Hangzhou, and also went to the Beijing-Hangzhou Grand Canal. Although I have lived in China for several years, I didn't know much about Chinese culture and history. This time I really learnt a lot."

The program also includes visits to Hikvision and Alibaba, two leading Chinese companies based in Hangzhou. In Alibaba, students experienced face recognition, 3D shopping, and cash-free shopping technology. One of the students, Batuhan Hangün, even experienced cooking dishes. There are so many good things in China that I didn’t expect to see. The company is developing fast and I am interested in future cooperation with Chinese companies, said Batuhan.

“We hope the program will help the students to learn about Chinese culture, understand Chinese value and promote cultural exchange among different backgrounds,” said SHEN Jianxin, associate dean of the College. “It also aims to develop their research skills and make connections with potential academic partners from their universities and countries, and even more, to attract more international students to join our campus for further studies.”

SOURCE / Zhejiang University, China

 
 
OneSmart Enters into Definitive Agreement to Acquire Huaying
 
Aug 03, 2018
Category:

SHANGHAI, Aug. 3, 2018 /PRNewswire/ -- OneSmart International Education Group Limited (NYSE: ONE) ("OneSmart" or the "Company"), one of the largest premium K-12 after-school education service provider in China, today announced that it has through its affiliates acquired 100% equity interest of Tianjin Huaying Education Co. Ltd. ("Huaying"), one of the largest K-12 after-school education service provider based in Tianjin.

Mr. Steve Xi Zhang, Chairman and Chief Executive Officer of OneSmart, commented, "I'd like to welcome Huaying to the OneSmart family where we will work together to realize strategic business synergies and improve education quality and operational performance. This transaction is part of our strategy to further consolidate China's fragmented educational market through both organic growth and acquisitions. Our systematic and disciplined approach to integrating acquisitions and developing synergies with our business will allow us to replicate the success of our acquisition of FasTrack English in January 2018.

Huaying has done a tremendous job in building a talented team and developing a strong and reputable brand in Tianjin which will help us expand our presence into Northern China. I believe the acquisition would create synergies in terms of product offerings and geography to OneSmart's business. The transaction demonstrates our significant move to the small class settings and lay the foundation to launching dual-teacher and online broadcasting model. I look forward to working closely with Huaying management to further strengthen our leading position in China's premium K-12 after-school education market.

Looking ahead, OneSmart would continue to seek opportunities to acquire and integrate regional leaders in K-12 after-school education market."

About Huaying

Founded in 1986, Huaying is one of the largest and most reputable after-school education service providers in Tianjin with approximately 20 learning centers and annual student enrollment of more than 70,000. Huaying's K-12 after-school programs cover full subjects traditionally taught in primary and secondary schools such as English, Chinese, and mathematics in class size of around 20 students.

About OneSmart

Founded in 2008 and headquartered in Shanghai, OneSmart International Education Group Limited is the largest premium K-12 after-school education service provider in China in terms of revenue in 2016 and 2017, according to Frost & Sullivan. Since commencement of our business, our vision is to build the most trusted "Third Classroom" outside of home and school and our mission is to bring out the utmost learning power in each student by cultivating his or her study motivation, capability and perseverance, and enable our students to pursue their life-long success. Our company culture is centered on the core values of customer focus, execution, innovation and teamwork.

We have built a comprehensive premium K-12 after-school education platform that encompasses OneSmart VIP (exam preparation services for students from 3rd to 12th grade), HappyMath (kids mathematics services for children aged 3 to 8 years old) and FasTrack English (kids English services for children aged 3 to 8 years old). As of May 31, 2018, OneSmart operated a nationwide network of 302 study centers across 43 cities in China.

For more information on OneSmart, please visit http://www.onesmart.investorroom.com.

For more information, please contact:

OneSmart
Ms. Rebecca Shen
+86-21-5255-9339 ext. 8139
ir@onesmart.org

Christensen

In China
Mr. Christian Arnell
Phone: +86-10-5826-4939
E-mail: carnell@christensenir.com

In the US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
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INSEAD and Wharton Professors' Research Finds that Testosterone Increases Men’s Preference for Status Goods ’
 
Jul 05, 2018
Category:

Results are the first to demonstrate a causal link between testosterone and rank-related consumer preference for status-enhancing goods

Fontainebleau (France), Singapore, Abu Dhabi, 4 July, 2018: A recent study conducted by a research team around Hilke Plassmann, the INSEAD Chaired Professor of Decision Neuroscience & Brain and Spine Institute (ICM – Inserm/CNRS/Sorbonne Université), a principal investigator in the Social Affective Neuroscience Team at the ICM, David Dubois, Associate Professor of Marketing at INSEAD and Gideon Nave, Assistant Professor of Marketing at The Wharton School & the Wharton Neuroscience Initiative shows that testosterone, the male sex hormone, increased men’s preference for status goods compared to goods of similar perceived quality but seen as lower in status.

The paper and its findings are published in Nature Communications. The research reveals that consumption of status goods (e.g., luxury products or experiences) is partly driven by biological motives. The results are the first to demonstrate that testosterone causally influences rank-related consumer preferences and that the effect is driven by consumers’ aspiration to gain status rather than power or a general inclination for high quality goods.

Other researchers include Amos Nadler of Ivey Business School, David Zava of ZRT laboratories, and Colin Camerer of California Institute of Technology. The team investigated whether and when consumers’ desire for status goods is biologically rooted with a focus on the effect of testosterone on men’s desire for goods conveying status benefits such as luxury products. Basic research shows there is a fundamental need to signal one’s rank across species. Higher social rank brings individuals several significant advantages such as mating opportunities or access to resources or social influence. In human society, individuals often show their rank in the social hierarchy through economic consumption, in particular through possessing and displaying expensive, luxury brands. To what extent is consumers’ preference for such goods biologically motivated?
“In the non-human species literature, some evidence highlights the link between testosterone, and rank-related behaviour. In humans, testosterone levels can situationally increase in contexts related to social rank, during competitions and after winning them or in the presence of an attractive mate,” says Hilke Plassmann.

To gain more insights on the role of testosterone on social rank and status associated behaviour, a study was conducted involving 243 men of similar age and socio-economic background. Randomly, half of them received a single dose of testosterone that mimicked a testosterone spike that could occur in an everyday situation causing an increased testosterone level; the other half received a placebo treatment. All subjects then participated in two tasks.

In the first one, they were asked to choose between pairs of brands. The pairs were composed of brands that were all pretested to have polarised social rank associations but did not differ in perceived quality. That is, one brand was seen to lift its owner much higher in the social hierarchy (e.g., Calvin Klein) than the other (e.g., Levi’s). For each pair, participants were asked “which brand do you prefer and to what extent?”, on 10-point scale anchored with each brand. The findings reveal that men who received the testosterone doses showed a higher preference for the status (positional) goods associated with higher social rank (such as a luxury brand). This suggests a causal link between testosterone and rank-related consumer preferences.

The second task meant to investigate the effect of testosterone on the two distinct routes to high social rank – status and power. While status refers to the respect in the eyes of others, power comes from one’s control of a valued resources. The research team used six different product categories from coffee machines to luxury cars and created three different framings for each product category, with a similar wording but emphasising the target product in terms of its status benefits, power benefits or high quality.

For example, the mock ads variously described a Mont Blanc pen as “the internationally recognised symbol among the influential” (status), “mightier than the sword” (power) “an instrument of persistence and durability” (quality), says David Dubois.

The researchers then asked participants how much they liked the product description and the product itself. Here testosterone did not increase liking when the product was perceived as a quality product or a power enhancing one but only when it was described as conveying status. These results establish a causal link between testosterone and increase of preference for status-enhancing goods.

The findings may be useful for generating new hypotheses regarding contexts where positional (status) consumption occurs. As men experience situational elevation in testosterone during and following competitions such as sporting events or in the presence of attractive mates, male consumers may be more likely to engage in status consumption and find status-related communications more appealing at certain times.
According to Gideon Nave, “While the study shows that consumption of positional goods is partly driven by biological motives, it is important not to forget that cultural differences might play a role in the biological underpinnings of status behaviour and that status signals are not universal. These results bring the first theoretical insights on the biological basis of preference for high status goods that need to be replicated and generalised in other populations.”

The findings also have broad implications for luxury brands and policy makers alike.

“I’ve always been struck by the variations in consumers’ appetite for luxury, with some markets or periods encouraging a “luxury fever” (e.g., urban areas, fast-developing markets such as China etc.) and others less so. Our findings are exciting because they show that consumers' drive for luxury may stem directly from differences in testosterone levels varying with the amount of social competition, population density, or male/female imbalance,” says Amos Nadler.

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