Nanshan District, Shenzhen

Kansai Halifax Holdings Releases Report on Tencent Increasing Stake in Commodity Start-up Xingsheng Youxuan

Monday, January 11, 2021 - 5:00am

TORONTO, Jan 11, 2021 - (ACN Newswire) - Kansai Halifax Holdings have today released a research report on Tencent Holdings Ltd increasing its stake in Xingsheng Youxuan.

Key Points: 
  • TORONTO, Jan 11, 2021 - (ACN Newswire) - Kansai Halifax Holdings have today released a research report on Tencent Holdings Ltd increasing its stake in Xingsheng Youxuan.
  • "In addition to Tencent, Xingsheng Youxuan is also in talks with other potential investors including Beijing Kuaishou Technology Co. to raise more funding," said Jonathan Scott, Director of EMEA Wealth Management at Kansai Halifax Holdings.
  • According to researchers at Kansai Halifax Holdings, the current funding round could precede an initial public offering (IPO), although specifics such as timing and listing exchange are yet to be confirmed.
  • Headquartered in Japan, Kansai Halifax Holdings is one of Asia's leading wealth management companies, entrusted to manage over $6.45 billion in client investment capital.

Cashfree introduces 'Global Payouts' for International Businesses to Remit Payments Directly to Bank Accounts in India

Wednesday, December 16, 2020 - 12:06pm

The launch of Global Payouts enables Cashfree to offer businesses such as fintechs, e-commerce marketplaces, logistics platforms, remote staffing platforms etc.

Key Points: 
  • The launch of Global Payouts enables Cashfree to offer businesses such as fintechs, e-commerce marketplaces, logistics platforms, remote staffing platforms etc.
  • International businesses can use Cashfree's solution without having to set up a place of business in India.
  • With Global Payouts, Cashfree opens the door for international businesses to automate seamless cross border payments to India.
  • Cashfree has been working with global businesses including Shell, Tencent, and HDFC Ergo with its collection and disbursal solutions for payments to their operations in India.

500.com Limited to Hold Annual General Meeting on December 25, 2020

Monday, November 23, 2020 - 11:00am

SHENZHEN, China, Nov. 23, 2020 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), an online sports lottery service provider in China, today announced that it will hold its annual general meeting of shareholders at 12F, West Side, Block B, Building No.

Key Points: 
  • SHENZHEN, China, Nov. 23, 2020 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), an online sports lottery service provider in China, today announced that it will hold its annual general meeting of shareholders at 12F, West Side, Block B, Building No.
  • 7, Shenzhen Bay Eco-Technology Park, Nanshan District, Shenzhen, The People's Republic of China on December 25, 2020 at 10:00 a.m., Beijing / Hong Kong Time.
  • Holders of record of ordinary shares of the Company at the close of business on November 25, 2020, US Eastern time (the "Record Date") are entitled to notice of, and to attend and vote at, the annual general meeting or any adjournment thereof.
  • The notice of the annual general meeting, which sets forth the resolutions to be submitted to shareholder approval at the annual general meeting is available on the Investor Relations section of the Company's website at http://ir.500.com .

Finals of 6th China International College Students' “Internet+” Innovation and Entrepreneurship Competition open in Guangdong

Tuesday, November 17, 2020 - 1:44pm

The finals of the 6th China International College Students Internet+ Innovation and Entrepreneurship Competition opened on November 17 at South China University of Technology, Guangdong Province, China.

Key Points: 
  • The finals of the 6th China International College Students Internet+ Innovation and Entrepreneurship Competition opened on November 17 at South China University of Technology, Guangdong Province, China.
  • View the full release here: https://www.businesswire.com/news/home/20201117005834/en/
    Finals of 6th China International College Students' Internet+ Innovation and Entrepreneurship Competition open in Guangdong (Photo: Business Wire)
    A total of 513 entry projects entered the finals, while 299 of them, including 112 projects submitted by teams from universities outside China, were registered in the Higher Education Track.
  • During the finals, a series of concurrent events were held to promote exchanges and cooperation in technology and humanities.
  • This years competition, launched in June 2020, has attracted 6.31 million entrants from China and abroad.

RKS CSI 800ESG Rating Released: 37 Interactive Entertainment Is the Only A-Level Non-Financial Enterprise

Tuesday, November 10, 2020 - 6:23am

GUANGZHOU, China, Nov. 10, 2020 /PRNewswire/ -- Recently, Hexun and RKS jointly released the 2020 RKS CSI 800 ESG Rating Report (hereinafter referred to as RKS ESG Rating).

Key Points: 
  • GUANGZHOU, China, Nov. 10, 2020 /PRNewswire/ -- Recently, Hexun and RKS jointly released the 2020 RKS CSI 800 ESG Rating Report (hereinafter referred to as RKS ESG Rating).
  • As the only non-financial enterprise, 37 Interactive Entertainment received an A-rating alongside 15 well-known Chinese financial companies, such as Industrial and Commercial Bank of China and China Construction Bank.
  • As the only A-rated non-financial company, 37 Interactive Entertainment strictly adheres to corporate governance and being responsible to its investors.
  • Besides, 37 Interactive Entertainment's market share in China's mobile game market has exceeded 10%, next only to Tencent and NetEase.

Congenica Completes $50m Series C Funding Round to Advance Clinical Genomic Analysis Software and Data Platform

Monday, November 9, 2020 - 12:00pm

The round was co-led by Tencent and Legal & General and included other new investors Xeraya, Puhua Capital and IDO Investments.

Key Points: 
  • The round was co-led by Tencent and Legal & General and included other new investors Xeraya, Puhua Capital and IDO Investments.
  • The global nature of this important financing round brings new strategic and geographic capabilities that will further advance Congenicas existing global footprint.
  • Congenica is recognised as a leader in the genomic analysis of rare diseases and inherited cancer.
  • Congenicas world-leading software enables rapid genomic data analysis at scale, performing 20x faster than industry averages and providing a 30% higher analytical yield, reducing genomic interpretation costs by up to 95%.

Congenica Completes $50m Series C Funding Round to Advance Clinical Genomic Analysis Software and Data Platform

Monday, November 9, 2020 - 7:00am

The round was co-led by Tencent and Legal & General and included other new investors Xeraya, Puhua Capital and IDO Investments.

Key Points: 
  • The round was co-led by Tencent and Legal & General and included other new investors Xeraya, Puhua Capital and IDO Investments.
  • The global nature of this important financing round brings new strategic and geographic capabilities that will further advance Congenicas existing global footprint.
  • Congenica is recognised as a leader in the genomic analysis of rare diseases and inherited cancer.
  • Congenicas world-leading software enables rapid genomic data analysis at scale, performing 20x faster than industry averages and providing a 30% higher analytical yield, reducing genomic interpretation costs by up to 95%.

2020 Tencent Medical Enlightenment Summit: Popularizing Science to Overcome Challenges

Sunday, November 8, 2020 - 11:00am

SHENZHEN, China, Nov. 8, 2020 /PRNewswire/ -- The Tencent Medical Enlightenment Summit is online today with the theme of "'The Pain."

Key Points: 
  • SHENZHEN, China, Nov. 8, 2020 /PRNewswire/ -- The Tencent Medical Enlightenment Summit is online today with the theme of "'The Pain."
  • We aim to use science and technology in tandem to help everyone better evaluate, manage and improve their health."
  • To this end, Tencent Medipedia announced three programs at ME Summit, including Medical Science Popularization Officers Program, Public Science Popularization Officers Program and Open Content Program, aimed to enhance science popularization and promote the dissemination of high-quality medical science content to the public.
  • As part of Tencent Science Week, ME Summit is the embodiment of Tencent's mission of "Tech for Good".

Colin Firth Boards STXfilms And Tencent Pictures "New York Will Eat You Alive"

Friday, November 6, 2020 - 2:24pm

Edward Cheng is attached as executive producer, along with Conor Zorn and Wenxin She producing and overseeing for Tencent.

Key Points: 
  • Edward Cheng is attached as executive producer, along with Conor Zorn and Wenxin She producing and overseeing for Tencent.
  • Tencent Pictures, established in 2015, is an owned subsidiary of Tencent that produces, invests, markets & distributes films and licenses IPs across multiple platforms and formats.
  • Tencent Pictures, Tencent Games, Tencent Animation & Comics, China Literature, Tencent Music, Tencent E-sports and Tencent Sports jointly form a business platform for neo-cultural creativity.
  • Tencent Pictures will continue to bring more quality works that enrich lives, warm the heart, and touch the soul.

Yuanfudao Raises US$2.2 Billion in New Financing, Valuing the Company at US$15.5 Billion, Becoming the Most Valued Ed-Tech Company Worldwide

Thursday, October 22, 2020 - 11:29am

The G1 financing round was led by Tencent, with participation from Hillhouse Capital, Boyu Capital and IDG Capital.

Key Points: 
  • The G1 financing round was led by Tencent, with participation from Hillhouse Capital, Boyu Capital and IDG Capital.
  • Yuanfudao's latest financing rounds increased the Company's valuation to US$15.5 billion, making it the most valuable technology-driven education unicorns in the world.
  • The new funding will allow Yuanfudao to further capitalize on its educational technology innovation, accelerate new curriculum product development and expand its online education service system.
  • The Company has self-developed a variety of online education products including YUANFUDAO APP, YUANTIKU, XIAOYUANSOUTI, XIAOYUANKOUSUAN, Zebra AI Course and YUANFUDAO.