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Category: Shanghai Travel Deals

Parkside Closes $24 Million Series A Financing


Hong Kong, China, March 1, 2021 /Xinwengao.com/ - Parkside, a global stock trading and clearing platform for brokerages and digital banks, announced completion of its $24 million Series A financing. Shanghai, China-based Enlight Growth Partners (“EGP”) led the round, which included existing investors Mubadala Capital, FinTech Collective and Colle Capital, and new investors Peak6 Investments and Entrée Capital. Parkside will continue expanding its technology and brokerage services in support of its 2021 growth plans.

“We’ve built an immutable, low-cost digital platform to unlock access for Millennial and Gen Z investors everywhere,” explains Parkside Founder & CEO Barry Schneider. “Our core principle is all investors deserve best execution. Imagine the simplicity and affordability of investing as little as $1USD in any US stock, ETF or ADR and receiving the same best execution as large investors. We level the playing field for small investors.”

Perry Chui, Managing Partner for EGP added, “We’re excited to support a global vision that is both timely and powerful. Parkside has built a modern full-stack platform that empowers traditional brokerages, digital banks and SuperApp partners to offer existing accounts and new middle-class and mass affluent investors, from Asia and around the globe, simplified trading of US stocks with low-costs and no minimums.”

“Parkside is poised to disrupt and democratize retail investing on a global scale with its immutable, scalable infrastructure,” said Luke Nicklin, Director, Mubadala Capital. “We’re excited about Parkside’s best-in-class technology, low-cost differentiation, and stellar leadership team, and we look forward to supporting Parkside’s future growth.”

About Parkside
Parkside is simplifying global access to US stocks through regulatory innovation and modern technology. Parkside is a registered US broker-dealer providing access to US stocks for individuals around the world – starting with Asia. Soon, you can invest globally using your local currency, low fees and no minimums. Learn more at https://www.parksidesecurities.com/.

The press release Parkside Closes $24 Million Series A Financing comes from Xinwengao.com press release distribution and journalist media database service in China.

Source: parkside

Yunfu Chooses Centric PLM to Boost Global Business Development


Hong Kong, China, February 19, 2021 /Xinwengao.com/ - Yunfu Clothing (Yunfu), the Chinese clothing company, has selected Centric Software’s Product Lifecycle Management (PLM) solution. Centric Software provides the most innovative enterprise solutions to fashion, retail, footwear, outdoor, luxury, consumer goods and home décor companies to achieve strategic and operational digital transformation goals.

Yunfu’s main business involves sweaters, cotton, knitwear and woven garments which are solely exported to the United States. It has a unique business model that integrates R&D and design, product manufacturing, warehousing and transportation, order processing, wholesale operations and e-commerce retail.

Yunfu has always been customer-centered, and is facing greater challenges due to this year’s pandemic. Therefore, Yunfu has accelerated its digital transformation and aims to improve R&D efficiency, strengthen product management and optimize team collaboration with PLM technology. Before selecting Centric Manufacturing PLM, Yunfu had an in-house PLM system.

Yunfu COO Mr. Hua Haoxin says, “The previous system could no longer meet our needs. We attach great importance to our investment in R&D management, so we needed a more professional and modern PLM solution.”

Mr. Hua adds, “Centric Software has a comprehensive understanding of the clothing industry. Yunfu has many R&D and sales teams who are mostly overseas, so we needed a system that enables global team collaboration. A company as highly regarded as Centric Software is a perfect match for us.”

Yunfu’s PLM project was launched in October, with key objectives including accumulating foundation data and establishing a knowledge base to support rapid R&D; increasing collaboration and achieving transparent and controllable product development; and finally, establishing a customer-oriented product library to more accurately understand market demands on the planning side.

Mr. Hua mentioned the professionalism of the entire implementation team, and looks forward to the valuable experience that Centric can share with Yunfu.

“We are very pleased that another giant in the Chinese textile industry – Yunfu Clothing – has chosen Centric PLM to enhance its capabilities in independent brand R&D and innovation,” says Chris Groves, President and CEO of Centric Software. “Yunfu and Centric Software share many core values, and we are excited to assist Yunfu’s global business development.”

The press release Yunfu Chooses Centric PLM to Boost Global Business Development comes from Xinwengao.com press release distribution and journalist media database service in China.

Source: centricsoftware

Yunfu Chooses Centric PLM to Boost Global Business Development


Hong Kong, China, February 19, 2021 /Xinwengao.com/ - Yunfu Clothing (Yunfu), the Chinese clothing company, has selected Centric Software’s Product Lifecycle Management (PLM) solution. Centric Software provides the most innovative enterprise solutions to fashion, retail, footwear, outdoor, luxury, consumer goods and home décor companies to achieve strategic and operational digital transformation goals.

Yunfu’s main business involves sweaters, cotton, knitwear and woven garments which are solely exported to the United States. It has a unique business model that integrates R&D and design, product manufacturing, warehousing and transportation, order processing, wholesale operations and e-commerce retail.

Yunfu has always been customer-centered, and is facing greater challenges due to this year’s pandemic. Therefore, Yunfu has accelerated its digital transformation and aims to improve R&D efficiency, strengthen product management and optimize team collaboration with PLM technology. Before selecting Centric Manufacturing PLM, Yunfu had an in-house PLM system.

Yunfu COO Mr. Hua Haoxin says, “The previous system could no longer meet our needs. We attach great importance to our investment in R&D management, so we needed a more professional and modern PLM solution.”

Mr. Hua adds, “Centric Software has a comprehensive understanding of the clothing industry. Yunfu has many R&D and sales teams who are mostly overseas, so we needed a system that enables global team collaboration. A company as highly regarded as Centric Software is a perfect match for us.”

Yunfu’s PLM project was launched in October, with key objectives including accumulating foundation data and establishing a knowledge base to support rapid R&D; increasing collaboration and achieving transparent and controllable product development; and finally, establishing a customer-oriented product library to more accurately understand market demands on the planning side.

Mr. Hua mentioned the professionalism of the entire implementation team, and looks forward to the valuable experience that Centric can share with Yunfu.

“We are very pleased that another giant in the Chinese textile industry – Yunfu Clothing – has chosen Centric PLM to enhance its capabilities in independent brand R&D and innovation,” says Chris Groves, President and CEO of Centric Software. “Yunfu and Centric Software share many core values, and we are excited to assist Yunfu’s global business development.”

The press release Yunfu Chooses Centric PLM to Boost Global Business Development comes from Xinwengao.com press release distribution and journalist media database service in China.

Source: centricsoftware

Yunfu Chooses Centric PLM to Boost Global Business Development


Hong Kong, China, February 19, 2021 /Xinwengao.com/ - Yunfu Clothing (Yunfu), the Chinese clothing company, has selected Centric Software’s Product Lifecycle Management (PLM) solution. Centric Software provides the most innovative enterprise solutions to fashion, retail, footwear, outdoor, luxury, consumer goods and home décor companies to achieve strategic and operational digital transformation goals.

Yunfu’s main business involves sweaters, cotton, knitwear and woven garments which are solely exported to the United States. It has a unique business model that integrates R&D and design, product manufacturing, warehousing and transportation, order processing, wholesale operations and e-commerce retail.

Yunfu has always been customer-centered, and is facing greater challenges due to this year’s pandemic. Therefore, Yunfu has accelerated its digital transformation and aims to improve R&D efficiency, strengthen product management and optimize team collaboration with PLM technology. Before selecting Centric Manufacturing PLM, Yunfu had an in-house PLM system.

Yunfu COO Mr. Hua Haoxin says, “The previous system could no longer meet our needs. We attach great importance to our investment in R&D management, so we needed a more professional and modern PLM solution.”

Mr. Hua adds, “Centric Software has a comprehensive understanding of the clothing industry. Yunfu has many R&D and sales teams who are mostly overseas, so we needed a system that enables global team collaboration. A company as highly regarded as Centric Software is a perfect match for us.”

Yunfu’s PLM project was launched in October, with key objectives including accumulating foundation data and establishing a knowledge base to support rapid R&D; increasing collaboration and achieving transparent and controllable product development; and finally, establishing a customer-oriented product library to more accurately understand market demands on the planning side.

Mr. Hua mentioned the professionalism of the entire implementation team, and looks forward to the valuable experience that Centric can share with Yunfu.

“We are very pleased that another giant in the Chinese textile industry – Yunfu Clothing – has chosen Centric PLM to enhance its capabilities in independent brand R&D and innovation,” says Chris Groves, President and CEO of Centric Software. “Yunfu and Centric Software share many core values, and we are excited to assist Yunfu’s global business development.”

The press release Yunfu Chooses Centric PLM to Boost Global Business Development comes from Xinwengao.com press release distribution and journalist media database service in China.

Source: centricsoftware

AI Smart Learning Ponddy Education Launches First At-home HSK Online “Test and Preparation” Website in the USA

Ponddy officially launches the first At-home Online HSK test center in the US along with its new AI-powered smart learning solutions for Chinese Language learners.

San Jose, United States, February 10, 2021 /Xinwengao.com/ - Ponddy® Education Inc., an industry leader in AI smart language learning, has recently announced its official partnership with “CTI”, Chinese Testing International Co., Ltd. – the global HSK language examination provider – to launch the hsk.ponddy.com. Ponddy® HSK is the first online HSK test center in the U.S.A. that offers at-home online testing services for HSK, HSKK, YCT, and BCT official Chinese language tests. Students may prepare for the tests with Ponddy® courses, which are designed by an expert-teaching team and are fully accredited by ACS Western Association of Schools and Colleges of the United States. With the addition to the testing service, Ponddy now offers complete Chinese learning solutions that include intelligent platforms, customized resources, tailored curricula, on-line tutors, and at-home online testing services.

HSK test results are required by universities in China as proof of language proficiency for enrollment and scholarship applications. In the US, many States accept the result as the basis for awarding the Seal of Biliteracy. Although HSK has had its internet-based test option, takers still need to go to an offline test center to complete the test online. The newly launched Ponddy® HSK at-home test edition enables risk-free test-taking from the threat of Covid-19 pandemic: test-takers in the US can complete the exam safely from the comfort of their homes.

“We are excited to partner with CTI. This is a recognition of Ponddy’s global influence as the industry leader in online Chinese language education, and a significant milestone of our mission to promote the understanding of the Chinese language as a global competitive strength for eager learners. Ponddy® is proud to offer personalized AI smart language education to learners around the world,” said Ponddy’s CEO, Franz Chen.

Besides online testing, learners can also explore options and resources for the HSK test preparation on hsk.ponddy.com. The company’s new [HSK online courses] are designed with both Adult and Student versions to suit different learning patterns for test takers of various ages and schedules. The live 1-on-1 online course allows students to engage with certified native-speaking teachers. The online nature of the classes provides students with maximum location flexibility for optimized classroom interaction and learning efficiency. With Ponddy’s smart learning platforms, learners can get personalized exercises that help them study efficiently for the test. Learners can also discuss and share experience and test prep tips with each other in the “Learn Chinese and Pass HSK” group.

About Ponddy®

Ponddy® is an advanced AI smart learning brand. Powered by innovative AKLS® AI technology, Ponddy’s smart learning solutions include intelligent platforms, customized resources, tailored curricula, on-line tutors, and at-home online testing services. Ponddy® Smart Learning is a new way to teach and learn Chinese or English more effectively: teachers could fix learning gaps, and learners could have personalized learning experience, according to their own language levels, learning objectives, and backgrounds. Adopted by over 1000 schools fom 84 countries around the world, Ponddy® is widely recognized by international official language testing and teaching institutions. Ponddy® is a registered trademark of Ponddy® Education Inc. To learn more about Ponddy® Education visit http://www.ponddy.ai

The press release AI Smart Learning Ponddy Education Launches First At-home HSK Online “Test and Preparation” Website in the USA comes from Xinwengao.com press release distribution and journalist media database service in China.

Source: ponddyeducation

SGX, Trumid and Hillhouse Capital form joint venture to launch new Asian bond trading platform

To be launched in 2021, the Trumid XT platform will bring connectivity and efficiency to global bond markets

New York, United States, February 9, 2021 /Xinwengao.com/ - Trumid, Singapore Exchange (SGX) and Hillhouse Capital have formed a joint venture, XinTru, to enhance liquidity and execution in the Asian bond market for global clients.

This partnership combines Trumid’s cutting-edge technology and fixed income expertise, SGX’s deep experience in Asian financial market infrastructure and electronic trading, and Hillhouse’s expertise and network in Asia and the financial services sector.

XinTru will launch and operate Trumid XT, an electronic bond trading platform powered by advanced technology and rich analytics. With an emphasis on domain-focused and intuitive product design, the platform will seamlessly fit into traders’ workflows. Trumid XT will connect the commercial footprint and liquidity from SGX’s Bond Pro and Trumid’s Market Center in the United States (US), to provide a robust network for trading of Asian fixed income.

Trumid XT will enhance international access to Asian bond markets, while also facilitating Asian investor participation in US and global emerging market credit. Asia’s fixed income market continues to expand on the back of economic growth and low interest rates, which have driven increases in corporate bond issuance and inflows to Asia-focused funds.

Trumid has established a leadership position in electronic bond trading innovation since the company’s launch in 2015. Its bond trading and market intelligence platform in the US features unique trading protocols and a broad network of over 535 buy and sell side institutions. Trumid experienced exceptional growth in 2020, with trade volumes growing 374% year-over-year. The company differentiates itself through nimble technology and product expertise, with rapid technology release cycles to meet its clients’ needs.

As Asia’s leading international fixed income marketplace, SGX is Asia’s most global bond venue with over 40% of Asia Pacific’s G3 currency issuances listed on the exchange. To date, SGX has listed over 6,600 listed securities by more than 1,600 issuers from 66 countries, with amounts issued of over US$2.2 trillion in 26 currencies. With Trumid XT’s launch, SGX Bond Pro’s diverse client base across Asia Pacific, UK, Europe and the Middle East will be able to connect seamlessly on one platform. Since its 2015 launch, SGX Bond Pro has built a diverse participant base that includes global and regional dealers, bank treasuries, wealth and asset managers, family offices and hedge funds.

XinTru’s independent management team includes Chief Revenue Officer Ben Falloon who brings 20 years of Asia fixed income experience and relationships, and Chief Operating Officer Mark Leahy who has significant experience building and operating capital markets businesses in the region.

Strategic Partnership To Elevate Bond Trading in Asia:

SGX first invested in Trumid back in 2018 and subsequently joined Hillhouse Capital in another round of investment in 2019 when Hillhouse Capital took a minority stake in Trumid.

Loh Boon Chye, Chief Executive Officer of SGX said, “Our early investment in Trumid paved the way for this deeper collaboration to advance the overall bond market infrastructure in Asia. Leveraging our Asian network and our Bond Pro business, we are excited to partner with Trumid and Hillhouse to accelerate the digitalisation and realise the full potential of Asia’s bond trading markets. XinTru brings together the unique characteristics of the partners in a joint venture where the sum is much greater than the parts.”

“Our upcoming platform, Trumid XT, is the missing link between Asian and US markets and will connect their respective liquidity pools in a transparent and efficient manner. Offering solutions that support the existing dealer-to-client market structure as well as investor-to-investor, Trumid XT will create network effects that can unlock significant opportunities in Asian bond trading markets for our clients.”

Mike Sobel, President of Trumid, said, “Our US experience demonstrates that built-for-purpose technology and workflow tools can transform the bond trading experience. Our US clients are excited to introduce their colleagues in Asia to the Trumid XT platform. With our partners, we look forward to adding value for our global client base and driving growth of electronic bond trading in Asia.”

Lei Zhang, Founder and Chief Investment Officer of Hillhouse, said, “We believe that Asian bond markets are ready for the next level of growth. Given Trumid’s success in developing a state-of-the-art bond trading platform in the US, together with SGX’s fixed income experience in Asia as well as Hillhouse’s network and operational expertise, Trumid XT promises to be an outstanding Asian corporate bond trading platform for the world.”

About Trumid

Trumid is a financial technology company bringing efficiency to credit trading through data, technology and innovative products. Trumid Market Center, the company’s electronic trading platform, provides corporate bond market professionals with direct access to liquidity and market intelligence. Trumid’s products leverage the network effect and data science to empower all credit market participants to make more informed decisions. Trumid was founded in 2014 by credit professionals with over 100 years of combined trading experience and is headquartered in New York City. Learn more at: http://www.trumid.com

About Singapore Exchange

Singapore Exchange is Asia’s leading and trusted market infrastructure, operating equity, fixed income and derivatives markets to the highest regulatory standards. It also operates Asia’s only multi-partner, multi-asset exchange-led sustainability platform (sgx.com/first).

As Asia’s most international, multi-asset exchange, SGX provides listing, trading, clearing, settlement, depository and data services, with about 40% of listed companies and over 80% of listed bonds originating outside of Singapore. SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN and offers commodities and currency derivatives products. Headquartered in AAA-rated Singapore, SGX is globally recognised for its risk management and clearing capabilities. For more information, please visit http://www.sgx.com.

About Hillhouse

Founded in 2005, Hillhouse Capital is a global firm of investment professionals and operating executives who are focused on building and investing in high quality business franchises that achieve sustainable growth. Independent proprietary research and industry expertise, in conjunction with world-class operating and management capabilities, are key to Hillhouse Capital’s investment approach. Hillhouse Capital partners with exceptional entrepreneurs and management teams to create value, often with a focus on enacting innovation and technological transformation. Hillhouse Capital invests in the healthcare, consumer, TMT, advanced manufcturing, financial and business services sectors in companies across all equity stages. Hillhouse Capital and its group members manage assets on behalf of global instituional clients.

The press release SGX, Trumid and Hillhouse Capital form joint venture to launch new Asian bond trading platform comes from Xinwengao.com press release distribution and journalist media database service in China.

Source: trumidpress

Elaine Chin Joins Stage 13 (Warner Bros.) as SVP, Head of Scripted Content

Leading Global Entertainment Industry Executive Joins Award-Winning Warner Bros. Studio Brand; Chin to Steer Expanded Diverse Slate of Multi-Format Scripted Originals

Los Angeles, United States, February 5, 2021 /Xinwengao.com/ - Diana Mogollón, SVP and GM of Stage 13, (https://www.stage13.com), the award-winning and EMMY®-nominated original content studio that is part of Warner Bros., announced today that Elaine Chin has joined the studio brand as SVP, Head of Scripted Content. In her new role, Chin will lead the Stage 13 scripted creative team and its multifaceted slate of development projects and original productions in short-form, half-hour and one-hour episodic, and feature formats.

Chin joins the young studio, which launched in late 2017 and has seen its scripted series receive six EMMY® nominations, a WGA award, and multiple prestigious festival laurels and appearances, including Sundance, SXSW, and Tribeca, among others. Stage 13’s slate of original, award-winning series and franchises include the award-winning series Two Sentence Horror Stories (The CW Network), four-time EMMY® nominated series Special (Netflix), EMMY® nominated series It’s Bruno! (Netflix), and the critically-acclaimed series I Love Bekka & Lucy.

“We’re thrilled to have Elaine join the Stage 13 team at such a key inflection point in accelerating and amplifying multidimensional stories and storytellers while blazing the most innovative, successful paths forward,” said Mogollón. “Elaine’s vast industry expertise in all media platforms is a tremendous asset to Stage 13’s strategic growth across our diverse slate of distinctive projects. Together, we’re laser-focused on super-serving the highly influential yet under-represented consumers who have an insatiable desire to see and hear their stories. It’s amazing to have such a passionate creative and business kindred spirit lead our scripted narrative efforts as we continue championing an array of the most talented fresh voices on the horizon. Elaine’s exquisite tastemaker sensibilities and deep bench of artist/filmmaker relationships from around the globe is second to none.”

“Throughout my career, I have always sought out opportunities to work with talented creators with unique and compelling voices – and with organizations at the forefront of change and advancement in the entertainment industry,” said Chin. “Breaking ground, creating new forms of content, and finding new talent have always een my core missions. So, I am thrilled to have the opportunity to utilize the full range of my skills and experience working with Stage 13, whose creative vision and innovative spirit I’ve always admired”.

Chin was most recently senior vice president, Narrative Film at Participant overseeing their slate of social-impact films and worked on critically-acclaimed Just Mercy (Warner Bros.), the upcoming, Abacus with Justin Lin to direct and produce, and Interior Chinatown from writer Charles Yu now in development as a series at Hulu. She also served as vice president Production-China at Walt Disney Studios, where she executed the launch of the studio’s local-language production initiative for the China market and produced a Mandarin-language remake of Touchstone Pictures’ While You Were Sleeping. Previously, she was President of Production for Justin Lin’s Barnstorm Pictures, best known for the global franchise Fast & Furious, under its first-look deal with Universal Pictures and co-founded YOMYOMF, an Asian pop culture blog and online digital channel with Lin.

Chin also served as a production executive at 20th Century Fox and HBO. While at HBO, she worked on films and miniseries, including Elephant (2003 Palme d’Or and Best Director), Mongol (2008 Oscar nominee), and award-winning titles that include Warm Springs, The Gathering Storm, Live From Baghdad, and Angels in America.

Chin joins the senior executive team at Stage 13 which includes Mogollón, Shari Scorca, VP, Head of Unscripted, and Jenny McNicholas, VP, Head of Production.

About Stage 13

Stage 13 is a multiple award-winning, fearless, original content studio showcasing a new generation of inspired talent and voices in scripted and unscripted storytelling. With six EMMY® nominations, the brand’s diverse portfolio of series and features are available on the Stage 13 platform, Facebook, YouTube, and its distribution partners, including Netflix, The CW/CW Seed, HBO, and HBO Max. Creating impactful series for multidimensional audiences, Stage 13 is part of the Warner Bros. TV Group.

The press release Elaine Chin Joins Stage 13 (Warner Bros.) as SVP, Head of Scripted Content comes from Xinwengao.com press release distribution and journalist media database service in China.

Source: boltemedia

Summer Atlantic Capital Ltd. Completes New Wave of Strategic Agreements Improving Operational Capabilities by Accessing cutting-edge technologies for its JVs

Summer Atlantic Capital Ltd enters into a new wave of strategic agreements that will provide our Joint Ventures with best-in-class corporate solutions to streamline processes and optimize business operations while accessing a new potential base of strategic investors and operating partners for our Joint Ventures.

Hong Kong, China, January 28, 2021 /Xinwengao.com/ - Summer Atlantic Capital Ltd. is proud to announce a new set of strategic agreements with three information technology companies to enhance business processes and automation for our Joint Ventures. A partnership with Jinan Minshang IT Co, Ltd will grant access to their AI driven technology platform for enhanced business decision making. Jinan Minshang IT Co., Ltd.’s proprietary AI enhances a business’s efficiency from many aspects including sales, supply chain, and customer service. Their platform is currently being used in China in medical, manufacturing, and financial industries in order to maximize customer satisfaction and sales. The main customers of Jinan Minshang Information Technology Co., Ltd. includes FAW Volkswagen, FAW Group, Minsheng Bank and more than 300 logistics enterprises.

Furthermore, partnerships were signed with Aoke Xingyun Technology Development Co, Ltd, a business accelerator platform driven by digital innovation, and Ten Billion of Industrial Institute (TBII), a professional and academic collaboration for scientific research and development of cutting-edge technologies. These partnerships are based on mutual collaboration efforts to share best practices and access to each other’s client base and rolodex.

Sebright Chen, Chairman & CEO of Summer Atlantic Capital Ltd. addresses the importance of the agreements:

“Summer Atlantic prides itself on its ever expanding network of highly qualified professionals in a variety of industries, these partnerships will further expand our network. Consequently, our new Partners will gain access to our database of both political and business leaders.

All of our partnerships are geared towards maximizing the success of our Joint Ventures and their investors by giving them an operational edge through access to our new Partner’s technology, and potentially pairing them with better suited strategic investors and/or operating partners. We are always looking at every possible avenue in order to optimize the effectiveness of our JVs.”

About Summer Atlantic Capital

Summer Atlantic Capital is a Hong-Kong based entity with a sister company, Summer Atlantic China (our private equity group) based in China, and a North American marketing arm, Summer Atlantic US. We focus on discovering companies with advanced technologies that are beneficial to the Chinese market. We work with the owners of these technologies to structure JV partnerships with strategic Chinese entities or individuals that have expertise in the respective field. In addition, Summer Atlantic arranges for the necessary capital to finance the joint ventures, which could include direct participation by our sister company, Summer Atlantic China, private individuals, business entities, or even state-owned funds. Summer Atlantic evaluates the feasibility of these technologies and how they could potentially enhance the Chinese consumer while at the same time simultaneously adding GDP growth into the Chinese economy. Summer Atlantic takes an active role from the formation of the JV all the way up to and including operations and the development of an exit strategy for the JV’s shareholders. Summer Atlantic Capital consists of a growing core team of over 25 executives with C level experience across a wide range of industries interacting with some of the world’s largest corporations. Our Executive team prides itself on their proven track record and rolodex of relationships throughout industry and government.

http://www.Summeratlantic.com / http://www.SummerAtlantic.us

About Jinan Minshang Information Technology Co., Ltd.

Jinan Minshang Information Technology Co., Ltd. is an advanced AI business tools application and data solution provider for companies, located in Beijing, China. Jinan Minshang Information Technology Co., Ltd.’s proprietary technology helps companies achieve a higher level of efficiency through increased information, decreasing management’s decision making time, improving efficiency and productivity.

About Ten Billions of Industrial Institute (TBII)

Founded in 2013, it relies on top universities at home and abroad, Scientific research institutions, together with well-known academicians, experts and scholars, entrepreneurs, investors, practitioners of professional institutions, and other high level talents, to collaborate on the transformation of cutting-edge scientific and technological achievements, incubate and accelerate regional development.

About Aoke Xingyun (Beijing) Technology Development Co., Ltd.

A global enterprise directly initiated by Tsinghua University. The company is a digital technology innovation platform with the brand of Aoke accelerator TM. Relying on the cross regional and cross industry digital technology innovation cloud independently developed by the core team of academicians of the school of information of Tsinghua University, the company has realized the standardization, modularization and digitization of high-quality investment banking services integrated with law, Finance and investment with risk control as the core.

The press release Summer Atlantic Capital Ltd. Completes New Wave of Strategic Agreements Improving Operational Capabilities by Accessing cutting-edge technologies for its JVs comes from Xinwengao.com press release distribution and journalist media database service in China.

Source: summeratlanticcapital

Global AI-based Learning Market Surges to $34.9 Billion by 2026

According to a New Metaari Market Report, the US is the Top Buying Country Throughout the Forecast Period

Washington, United States, January 27, 2021 /Xinwengao.com/ - Metaari’s new report called, “The 2021-2026 Worldwide AI-based Learning Market” is now available for sale. According to the report, the five-year compound annual growth rate (CAGR) for the global AI-based Learning market is a robust 32.8% and revenues will more than quadruple to $34.9 billion by 2026.

The new report has 497 pages, 51 forecast tables, and 17 charts. The Serious Play Conference is the exclusive reseller of the report.

“The market conditions are very favorable for suppliers,” reports Sam S. Adkins, chief research at Metaari and author of the report. “The major revenue opportunities are in the corporate segments and the federal government agencies across the planet. The revenues are heavily concentrated in North America and the Asia Pacific. While China is the largest buying country in the Asia Pacific region, the US is the largest buying country in the world by a large margin. The most lucrative revenue opportunities are in the US throughout the forecast period.”

The demand is high and the barriers-to-entry are falling fast. Suppliers no longer have to develop expensive proprietary AI but instead “rent” AI from cloud-based AI vendors (like IBM Watson) and buy relatively inexpensive premade and pretrained components in the growing number of online marketplaces. Startups are now able to get products to market very quickly.

Metaari has revised our AI-based Learning revenue forecasts significantly upward from previous forecasts. The rapid uptake of AI-based Learning coincides with the rapid evolution of AI technology in general. The competitive landscape is fundamentally different than it was a little over two years ago.

“Legacy suppliers are ‘buying their way in’ via acquisitions of AI-based Learning startups,” comments Adkins. “The major compelling pattern in the recent M&A activity is the growing number of acquisitions made by very large educational publishers and by the technology giants.”

Very large education publishers like Wiley, McGraw-Hill, Pearson, Houghton Mifflin Harcourt, Daekyo, Elsevier, Follett, Cornerstone, VitalSource, and Course Hero have all acquired AI-based Learning startups in the last two years. Tech giants like Apple, Google, Medtronic, Microsoft, SAP, and IBM have scooped up AI-based Learning startups as well. These companies are tapping the massive revenues in the booming AI-based Learning market and have effectively “bought their way in”. Intense M&A activity is often a sign of consolidation but that is not the case (yet) in the global AI-based Learning market.

“Well-funded startups are coming on the market at a steady pace,” comments Adkins. “Hundreds of new AI-based Learning suppliers have entered the market since 2018. More than half (59%) of the 700 suppliers cited in this report have obtained private investment in the last two years. What is interesting is that a large number of these startups obtained additional rounds in 2020.

A breathtaking $10.6 billion was invested in 406 AI-based Learning companies in 2020. Eight of the top ten funded AI-based Learning companies in the world were US companies.

There are six sections in this report: an overview of the global market conditions, an analysis of the major catalysts driving the market, a demand side-analysis, and a supply-side analysis. There is also an appendix with Metaari’s definition of AI-based Learning and an index of over 700 suppliers.

The supply-side analysis provides five-year revenue forecasts for three types of commercial AI-based Learning products and services: retail packaged content, custom development services, and AI-based Learning authoring tools and platforms. Packaged content revenue is further broken out by ten content categories and platform revenues are broken out for nine distinct tool types.

About Metaari

Metaari (formerly Ambient Insight) is an ethics-based quantitative market research firm that identifies revenue opportunities for advanced learning technology suppliers. We track the learning technology markets in 126 countries. We have the most complete view of the international learning technology market in the industry. Metaari focusses solely on advanced learning technology research on products that utilize psychometrics, neuroscience, location intelligence, game mechanics, robotics, cognitive computing, artificial intelligence, virtual reality, and augmented reality.

The press release Global AI-based Learning Market Surges to $34.9 Billion by 2026 comes from Xinwengao.com press release distribution and journalist media database service in China.

Source: metaari

Symbio, VXI’s Award-Winning Digital Services Subsidiary, Promotes Ben Wang to President & General Manager of Greater China

Newly created leadership role highlights Symbio’s growing success delivering CX and customer-centric solutions to the world’s leading brands.

Los Angeles, United States, January 25, 2021 /Xinwengao.com/ - Symbio, the award-winning digital services subsidiary of VXI Global Solutions, today promotes Ben Wang to President and General Manager for Symbio Greater China.

Wang will oversee all business and development operations in greater China as the company continues to expand its offerings in CX and customer-centric software development, quality assurance, edge computing, artificial intelligence (AI) and Internet of Things (IoT).

Symbio builds innovative software products and transformative digital services to the world’s leading brands and additionally powers much of VXI’s customer-care technology. Globally, the company has 2,100 software professionals with staff in China, Europe and North America. Founded more than two decades ago, Symbio was acquired by VXI in 2015.

“Symbio’s innovation powers the technology of leading global brands in Fortune 1000, in the automotive sector and across both APAC and Europe,” said VXI Co-CEO David Zhou. “Symbio also positions VXI Global Solutions the leader in the customer-care industry when it comes to optimizing customer engagement through smart technology. Ben Wang is an inspiring business leader and outstanding technologist. His track record of success at Symbio is outstanding, and he will continue driving our growth to new heights.”

“Symbio experienced record growth in 2020 despite Covid due to our outstanding developers and leaders,” said Wang. “I am honored to work with such a talented team as we continue to achieve our aggressive business goals.”

Ben Wang has more than 20 years of IT experience, including 10 years in software development, project management and quality-assurance (QA) management. He additionally has more than 10 years of success in P&L management and business-operations excellence in global and China enterprises. Prior to Symbio, Wang was Senior Vice President overseeing global R&D engineering teams and testing services for Beyondsoft and hiSoft. Earlier, he held various roles at Microsoft leading product development, quality management and vendor management. He holds bachelor’s degree and master’s degree in electronic engineering from Tsinghua University.

About VXI Global Solutions

VXI is a customer experience company, passionate about designing solutions that augment its clients’ business processes to deliver higher revenue, greater profitability and happier customers. Founded in 1998, the company has 35,000 employees across 43 locations in North and Latin America, Caribbean, Europe and Asia Pacific.

VXI offers omni-channel customer care and growth services using technology and tools, including purpose-built productivity-enhancing applications that drive higher sales conversion, CSAT, and related key metrics for its clients. Known for its transformation mindset, the company’s IT arm, Symbio, offers digital and business transformation solutions that are seeded in its innovation philosophy of co-creation and seamless augmentation. http://www.vxi.com

About Symbio

Symbio is a global digital services company that helps its customers build innovative software products and transformative digital services. By combining cutting-edge technological know-how, advanced global delivery networks and customized solutions, Symbio enables high-quality software product development quickly, cost-effectively and innovatively. Symbio’s customers include global customers like HSBC, Porsche, Walmart, PayPal, eBay, AIA, BNP Paribas, MGM, Sony and Volvo, as well as China local customers like Tencent, Xiaomi, vivo, Longfor and China Resources. Symbio has eight development centers and offices across the U.S., Europe and Asia. http://www.symbio.com

The press release Symbio, VXI’s Award-Winning Digital Services Subsidiary, Promotes Ben Wang to President & General Manager of Greater China comes from Xinwengao.com press release distribution and journalist media database service in China.

Source: vxiglobalsolutions