RMB

Sino-Global and Hebei Yanghuai Technology Restructure Mining Server Agreement; Company to Switch to Direct Mining

Tuesday, September 21, 2021 - 1:00pm

ROSLYN, N.Y., Sept. 21, 2021 /PRNewswire/ -- Sino-Global Shipping America, Ltd. (NASDAQ: SINO) ("Sino-Global" or the "Company") today announced it has restructured its March 2, 2021 agreement with Hebei Yanghuai Technology Co., Ltd. ("Yanghuai") to buy 2,783 digital currency mining servers from Yanghuai.

Key Points: 
  • ROSLYN, N.Y., Sept. 21, 2021 /PRNewswire/ -- Sino-Global Shipping America, Ltd. (NASDAQ: SINO) ("Sino-Global" or the "Company") today announced it has restructured its March 2, 2021 agreement with Hebei Yanghuai Technology Co., Ltd. ("Yanghuai") to buy 2,783 digital currency mining servers from Yanghuai.
  • Revenue generated to date by the digital currency mining servers will be recognized by Sino-Global, as per the agreement.
  • All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors.
  • Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

AM Best Affirms Credit Ratings of COSCO SHIPPING Captive Insurance Co., Ltd.

Friday, September 17, 2021 - 3:51pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of COSCO SHIPPING Captive Insurance Co., Ltd. (COSCO SHIPPING Captive) (China).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of COSCO SHIPPING Captive Insurance Co., Ltd. (COSCO SHIPPING Captive) (China).
  • The ratings also reflect the wide range of support the company receives from its parent, China COSCO SHIPPING Corporation Limited (COSCO SHIPPING), which AM Best perceives to benefit from strong government support.
  • COSCO SHIPPING Captives risk-adjusted capitalisation remained at the strongest level in 2020, as measured by Bests Capital Adequacy Ratio (BCAR).
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .

CSIFS X GFG Style X Filip Hodas debuted in China as part of Mid-Autumn celebration.

Thursday, September 16, 2021 - 9:23am

CSIFS collaborate with the world's top automobile design company GFG Style and the international surrealist artist Filip Hodas to celebrate Mid-Autumn Festival in Changsha.

Key Points: 
  • CSIFS collaborate with the world's top automobile design company GFG Style and the international surrealist artist Filip Hodas to celebrate Mid-Autumn Festival in Changsha.
  • On September 15th, CSIFS X GFG Style X Filip Hodas made its debut in China at Changsha.
  • LIMITLESS CSIFS X GFG Style X Filip Hodas Co-branded Mid-Autumn Moon Cake Gift Box.
  • After spending over RMB 68,888 on that day, the buyer can redeem one copy of "CSIFS X GFG Style X Filip Hodas Co-branded Mid-Autumn Moon Cake Gift Box" (the gift box is equipped with wireless charging function of mobile phone).

Huisen and Xiaomi Formed A Strategic Cooperation to Develop Smart Home Business

Thursday, September 16, 2021 - 7:16am

According to the sources, Huisen will develop a smart furniture plan to combine with Xiaomi's IoT platform in terms of product development and marketing, and both parties will jointly carry out business partnership of smart pre-renovation (providing smart home solutions before the actual renovation) and smart renovation.

Key Points: 
  • According to the sources, Huisen will develop a smart furniture plan to combine with Xiaomi's IoT platform in terms of product development and marketing, and both parties will jointly carry out business partnership of smart pre-renovation (providing smart home solutions before the actual renovation) and smart renovation.
  • Meanwhile, Huisen's smart furniture products will be showcased in Xiaomi Smart Life Experience Pavilion.
  • A research report from Guotai Junan Securities that addresses, the medium to long-term outlook, smart home is another intelligent smart scenario besides smart vehicles.
  • "Smart Home Products + Operational System and Ecosystem + Customized Solution" is the key model of smart home, where manufacturers provide smart products, technology/Internet companies develop operating systems, and system integrators provide customized smart home solutions.

XPeng Launches New P5 Smart Family Sedan at RMB157,900 to RMB223,900

Wednesday, September 15, 2021 - 1:35pm

XPeng Motors Inc. (XPeng or the Company, NYSE: XPEV and HKEX: 9868), today officially launched its third production model, the XPeng P5 smart family sedan, marking a generational leap in smart EV technology, safety and sophistication for family cars in its class and price range.

Key Points: 
  • XPeng Motors Inc. (XPeng or the Company, NYSE: XPEV and HKEX: 9868), today officially launched its third production model, the XPeng P5 smart family sedan, marking a generational leap in smart EV technology, safety and sophistication for family cars in its class and price range.
  • With the P5, we have delivered a new level in sophistication and technological advancement for smart EVs in China, at a competitive price point, said He Xiaopeng, Chairman & CEO of XPeng.
  • Now we have made the best-in-class smart family sedan available at the RMB200,000 price range, bringing some of the most advanced driver assistance functionality to Chinas vast and fast-growing middle-class consumer base.
  • Positioned as an affordable and accessible family-friendly four-door model, P5 is set to popularize smart EVs in the worlds largest automotive market.

Noah Holdings Limited to Hold 2021 Corporate Day on October 19, 2021

Wednesday, September 15, 2021 - 12:38pm

SHANGHAI, Sept. 15, 2021 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH),a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors, today announced that the 2021 Noah Holdings Corporate Day will be held onsite in Shanghai, or online, on October 19, 2021.

Key Points: 
  • SHANGHAI, Sept. 15, 2021 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH),a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors, today announced that the 2021 Noah Holdings Corporate Day will be held onsite in Shanghai, or online, on October 19, 2021.
  • Noah Holdings Limited (NYSE: NOAH) is a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors.
  • In the first half of 2021, Noah distributed RMB52.1 billion (US$8.1 billion) of investment products.
  • Through Gopher Asset Management, Noah had assets under management of RMB155.9 billion (US$24.1 billion) as of June 30, 2021.

Canaan Inc. Reports Unaudited Second Quarter 2021 Financial Results and Announces Change of Board Composition

Wednesday, September 15, 2021 - 10:30am

BEIJING, Sept. 15, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the second quarter ended June 30, 2021 and the Change of Board Composition.

Key Points: 
  • BEIJING, Sept. 15, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the second quarter ended June 30, 2021 and the Change of Board Composition.
  • Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, "We delivered a remarkable performance in the second quarter of 2021.
  • Mr. James Cheng, Chief Financial Officer of Canaan, stated, "We reported solid financial results for the quarter.
  • Research and development expenses in the second quarter of 2021 also included share-based compensation expenses of RMB23.7 million (US$3.7 million).

JDDJ and Perfect Diary Roll out One-hour Delivery Services to Promote Trendy Chinese Cosmetics

Wednesday, September 15, 2021 - 8:59am

The three parties jointly strengthen Perfect Diary's omni-channel strategy and create an innovative model of on-demand retail for cosmetics brands.

Key Points: 
  • The three parties jointly strengthen Perfect Diary's omni-channel strategy and create an innovative model of on-demand retail for cosmetics brands.
  • On September 13, Perfect Diary officially released its new Autumn Collection and JDDJ was one of the first platforms open for sales.
  • A consumer in Shanghai placed an order on the platform for several new cosmetics products from a nearby Perfect Diary store.
  • The move marks a new milestone for JDDJ in becoming an emerging platform for more trendy Chinese brands and consumers.

Prime China offers great opportunities to connect your business with the most famous Chinese apparel and textile brands

Wednesday, September 15, 2021 - 5:33am

For three days September 14, 15, 16, Prime China the most renowned apparel and textile brand alliance from China is now showcasing live at the Apparel Textile Sourcing Canada Virtual Trade Show .

Key Points: 
  • For three days September 14, 15, 16, Prime China the most renowned apparel and textile brand alliance from China is now showcasing live at the Apparel Textile Sourcing Canada Virtual Trade Show .
  • The Prime China show-within-the-trade-show features only the top trending and most well-established Chinese brands.
  • The members of this alliance are amongst Chinas best apparel and textile companies, including garment producers, fabric manufacturers, designers and industrial brands, offering the Western sourcing buyers the very best options when sourcing globally.
  • The trade show features more than 100 of the worlds top apparel and textile producers from more than a dozen countries.

BIMI International Medical Inc. Signs Stock Purchase Agreement to Acquire Chongqing Zhuoda Pharmaceutical Co., Ltd.

Tuesday, September 14, 2021 - 1:30pm

NEW YORK, Sept. 14, 2021 (GLOBE NEWSWIRE) -- BIMI International Medical Inc. (NASDAQ: BIMI) (“BIMI” or the “Company”), a leading healthcare products and services provider in China, today announced that it entered into a Stock Purchase Agreement (the “Agreement”) on September 10, 2021, to acquire Chongqing Zhuoda Pharmaceutical Co., Ltd. (“Zhuoda”), a wholesale supplier of pharmaceuticals and medical equipment, including over 1,220 pharmaceutical products, thousands of Chinese herbal medicines and more than 50 types of medical equipment.

Key Points: 
  • NEW YORK, Sept. 14, 2021 (GLOBE NEWSWIRE) -- BIMI International Medical Inc.(NASDAQ: BIMI) (BIMI or the Company), a leading healthcare products and services provider in China, today announced that it entered into a Stock Purchase Agreement (the Agreement) on September 10, 2021, to acquire Chongqing Zhuoda Pharmaceutical Co., Ltd. (Zhuoda), a wholesale supplier of pharmaceuticals and medical equipment, including over 1,220 pharmaceutical products, thousands of Chinese herbal medicines and more than 50 types of medical equipment.
  • Pursuant to the Agreement, BIMI will purchase all the issued and outstanding equity interests in Zhuoda in consideration of US$11,617,500 (RMB 75,000,000).
  • At the closing, 2,200,000 shares of common stock of BIMI valued at RMB 43,560,000, or $3.00 per share (approximately US$6,600,000) will be issued as partial consideration for the purchase of Zhuoda.
  • About BIMI International Medical Inc.
    BIMI International Medical Inc. was founded in 2006.