Mainland China

SMIC Reports 2022 Second Quarter Results

Retrieved on: 
Thursday, August 11, 2022 - 2:03pm

SHANGHAI, Aug. 11, 2022 /PRNewswire/ -- Semiconductor Manufacturing International Corporation (SEHK: 00981; SSE STAR MARKET: 688981) ("SMIC", the "Company" or "we"), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended June 30, 2022.

Key Points: 
  • SMIC Group provides semiconductor foundry and technology services to global customers on 0.35 micron to 14 nanometer process node technologies.
  • SMIC Group also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan, China, and a representative office in Hong Kong, China.
  • To supplement SMIC's consolidated financial results presented in accordance with IFRS, SMIC uses the presentation of non-IFRS financial measures, including EBITDA, EBITDA margin and non-IFRS operating expenses in this release.
  • SMIC believes that use of these non-IFRS financial measures facilitates investors' and management's comparisons to SMIC's historical performance.

CITIC Telecom CPC expands global footprint with new SmartCLOUD(TM) Service Centers in Tallinn and New York

Retrieved on: 
Monday, August 1, 2022 - 10:57am

"Additional SmartCLOUD(TM) Service Centers, are located at Tallinn, Estonia and New York, US in Q3, 2022.

Key Points: 
  • "Additional SmartCLOUD(TM) Service Centers, are located at Tallinn, Estonia and New York, US in Q3, 2022.
  • It also marks a milestone toward further enhancing CITIC Telecom CPC's already extensive capability to provide diverse and effective cloud services to Europe-based enterprise customers," said Mr.
  • Serve Bunnik, Deputy Director, European Operations, CITIC Telecom CPC.
  • To keep pace with digital transformation, infrastructure complexity and dynamic business operation across the globe, CITIC Telecom CPC expands its global footprint with 2 new cloud platforms, integrated all-in-one comprehensive network-cloud solution in the region, connecting West-East with Global Cloud Ring.

Kelun-Biotech Announces Oncology Research Collaboration and License Agreement with MSD

Retrieved on: 
Tuesday, July 26, 2022 - 11:45am

Under the terms of the agreement, Kelun-Biotech has granted MSD global, exclusive rights to develop, manufacture and commercialize an investigational ADC.

Key Points: 
  • Under the terms of the agreement, Kelun-Biotech has granted MSD global, exclusive rights to develop, manufacture and commercialize an investigational ADC.
  • Kelun-Biotech and MSD will also collaborate on the early clinical development of the investigational ADC.
  • The collaboration with Kelun-Biotech strengthens and diversifies MSDs oncology pipeline as we seek to further the potential of ADCs to provide more treatment options and improve outcomes for people with cancer, commented Dr. Eric H. Rubin, senior vice president, oncology early development, MSD Research Laboratories.
  • The company focuses on unmet medical needs such as oncology and autoimmune conditions and strives to be a leader in novel therapeutic discovery and development.

Novaremed Enters Into an Exclusive Option and License Agreement With NeuroFront for the Non-opioid Neuropathic Pain Treatment, NRD.E1, for Greater China and Singapore

Retrieved on: 
Thursday, July 21, 2022 - 8:58am

Under the terms of the agreement, Novaremed will grant NeuroFront an exclusive option to obtain exclusive development, commercialization and manufacturing rights to NRD.E1, Novaremeds first-in-class, innovative non-opioid investigational drug candidate for the treatment of neuropathic pain.

Key Points: 
  • Under the terms of the agreement, Novaremed will grant NeuroFront an exclusive option to obtain exclusive development, commercialization and manufacturing rights to NRD.E1, Novaremeds first-in-class, innovative non-opioid investigational drug candidate for the treatment of neuropathic pain.
  • The agreement allows NeuroFront to develop and commercialize NRD.E1 as treatment of painful diabetic peripheral neuropathy (PDPN) and any other neuropathic pain indications in the Greater China territory (including Mainland China, Hong Kong, Macau, and Taiwan) and Singapore.
  • We are very delighted collaborating with NeuroFront to advance our non-opioid neuropathic pain treatment for patients suffering from PDPN and other neuropathic pain indications in China.
  • NeuroFront is very excited to partner with Novaremed to change the lives of many PDPN patients in Greater China and Singapore.

Fosun's Businesses Shows Strong Recovery Momentum as Consumption Regains Vitality and Tourism Industry Continues to Recover

Retrieved on: 
Thursday, June 30, 2022 - 1:16pm

As major shopping centers shows signs of recovery, businesses that have been affected by the epidemic since March this year have quickly recovered, and the consumption vitality is ushering in a new climax.

Key Points: 
  • As major shopping centers shows signs of recovery, businesses that have been affected by the epidemic since March this year have quickly recovered, and the consumption vitality is ushering in a new climax.
  • As the Epidemic Situation Stabilizes, Businesses and Tourism Consumption have Rebounded Significantly
    The resumption of dine-in services in major business districts in Shanghai is accelerating the economic recovery.
  • The robust momentum in business operations is also catalyzing business recovery.
  • Positioned as a consumer group in the Happiness segment, Yuyuan Inc. takes "Oriental life aesthetics" as the top concept, and continues to refine the operation of the Happiness industry.

DL Holdings Group (1709.HK) Reports Net Profit of Over HK$100 Million

Retrieved on: 
Monday, June 27, 2022 - 9:55am

HONG KONG, June 27, 2022 /PRNewswire/ -- Focused on the needs of its core family office clients, DL Holdings Group (DL Holdings, DL), with US$3 billion in assets under management and advisory, is transforming itself into a "multi-family office and investment platform" with its own capital and assets, which will differentiate itself from industry peers such as single-family offices, multi-family offices on an advisory basis, multi-family offices on a discretionary basis, and traditional funds and asset management companies. DL Holdings aims to provide comprehensive services such as private banking, investment banking, funds, trusts, immigration, education, philanthropy, and impact investing. It has expanded its footprint to the Chinese Mainland, Singapore, the United States, and Japan, with an eye on becoming the leading multi-family office and investment platform in the Asia-Pacific region.

Key Points: 
  • DL Holdings aims to provide comprehensive services such as private banking, investment banking, funds, trusts, immigration, education, philanthropy, and impact investing.
  • For the year that ended on 31 March 2022, the company posted total revenue of HK$309 million, gross profit of HK$170 million, gross profit margin of 55.9%, net profit of HK$110 million, and a net profit margin of 35.5%.
  • Despite a highly volatile market in 2021-2022, DL Holdings managed to post a trend-setting net profit of over HK$100 million, reflecting its strong competitive advantages in the industry.
  • According to its annual report, the company's provisions for financial services from licensed businesses generated HK$140 million in revenue and HK$72 million in profit.

NOIZ REACHES AN SALES AGREEMENT WITH MERDEKA TO ENHANCE COMPETITIVE EDGE IN BLOCKCHAIN AND WEB3.0 DEVELOPMENT

Retrieved on: 
Tuesday, June 14, 2022 - 12:49pm

Andy Ann, the Chief Executive Officer of NOIZ, said, ''NOIZ aims to make blockchain technology widely available for every business and to drive blockchain into mass adoption and commercialisation.

Key Points: 
  • Andy Ann, the Chief Executive Officer of NOIZ, said, ''NOIZ aims to make blockchain technology widely available for every business and to drive blockchain into mass adoption and commercialisation.
  • We are committed to empower enterprises to embrace Web3.0 environmentally, and we believe Merdeka, as a Hong Kong listed company, helps NOIZ to gain a competitive edge by accessing capital market for further growth.
  • With the foundation of NOIZ Green Chain, NOIZ has developed a Metaverse (the ''NOIZ Metaverse'') and an all-in-one digital wallet (the ''Beam Digital Wallet'') on the NOIZ Green Chain.
  • It has also developed a Metaverse and an all-in-one digital wallet on the NOIZ Green Chain.

VIOOH Hires Leading Digital Expert to Drive China Expansion

Retrieved on: 
Thursday, June 9, 2022 - 2:00am

BEIJING, June 9, 2022 /PRNewswire/ -- Today, VIOOH , the leading premium global digital out of home (DOOH) supply-side platform, announced the hire of Calvin Chan as the new Chief Executive Officer in China.

Key Points: 
  • BEIJING, June 9, 2022 /PRNewswire/ -- Today, VIOOH , the leading premium global digital out of home (DOOH) supply-side platform, announced the hire of Calvin Chan as the new Chief Executive Officer in China.
  • In his new role, Chan will be responsible for scaling and developing VIOOH's programmatic digital out of home (pDOOH) offering across mainland China and Hong Kong, China.
  • "It's an exciting time for the region, with the recent launch of our programmatic digital OOH offering across the Hong Kong Metro network, and further expansion set for mainland China," added Conti.
  • Chan is an innovative and widely respected digital industry expert in China, with nearly 20 years of experience in the digital and marketing technology industry.

HKEX Further Enhances Stock Connect's Product Offering

Retrieved on: 
Friday, May 27, 2022 - 4:47pm

HKEX is pleased to announce the detailed arrangements of the Inclusion.

Key Points: 
  • HKEX is pleased to announce the detailed arrangements of the Inclusion.
  • HKEX Chief Executive Officer Nicolas Aguzin said: "This is the next exciting development in our Connect Programme.
  • On 24 December 2021, HKEX, Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) announced their support on the Inclusion, reflecting the ongoing commitment by HKEX and the Mainland exchanges to continue expanding and enhancing the landmark mutual market access programme between Hong Kong and Mainland China's capital markets.
  • HKEX launched the pioneering Shanghai-Hong Kong Stock Connect programme in 2014, further expanded with the launch of Shenzhen Connect in 2016, and the launch of Bond Connect in 2017.

HKEX Further Enhances Stock Connect's Product Offering

Retrieved on: 
Friday, May 27, 2022 - 4:45pm

HKEX is pleased to announce the detailed arrangements of the Inclusion.

Key Points: 
  • HKEX is pleased to announce the detailed arrangements of the Inclusion.
  • HKEX Chief Executive Officer Nicolas Aguzin said: "This is the next exciting development in our Connect Programme.
  • On 24 December 2021, HKEX, Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) announced their support on the Inclusion, reflecting the ongoing commitment by HKEX and the Mainland exchanges to continue expanding and enhancing the landmark mutual market access programme between Hong Kong and Mainland China's capital markets.
  • HKEX launched the pioneering Shanghai-Hong Kong Stock Connect programme in 2014, further expanded with the launch of Shenzhen Connect in 2016, and the launch of Bond Connect in 2017.