RMB

SunCar Technology Group Inc. Announces Business Cooperation with Li Auto for Advanced System Software Development

Retrieved on: 
Wednesday, February 21, 2024

NEW YORK, Feb. 21, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in digitalized automotive after-sales services and online auto insurance intermediation in China, today announced a new business cooperation (the "Agreement") through its wholly owned subsidiary, Shanghai Chengle Network Technology Co., Ltd. with Beijing Li Auto Insurance Brokerage Company ("Li Auto Insurance").

Key Points: 
  • NEW YORK, Feb. 21, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in digitalized automotive after-sales services and online auto insurance intermediation in China, today announced a new business cooperation (the "Agreement") through its wholly owned subsidiary, Shanghai Chengle Network Technology Co., Ltd. with Beijing Li Auto Insurance Brokerage Company ("Li Auto Insurance").
  • Under this Agreement, SunCar and Li Auto Insurance are set to collaborate on developing the 'Li Auto Insurance's Broker System'.
  • SunCar will lead the design and development phases and deploy a robust software solution tailored to Li Auto Insurance's needs.
  • We are confident that Li Auto Insurance's Broker System will deliver exceptional value to Li Auto Insurance with operational excellence and set a benchmark for technology-driven solutions in insurance brokerage."

China Automotive Audio System Industry Report 2023: New Energy Models with More than 8 Speakers Per Vehicle Accounted for More than 45% of the Total Sales - ResearchAndMarkets.com

Retrieved on: 
Thursday, February 15, 2024

From automotive radio to "host + amplifier + speaker + AVAS" mode, automotive audio system has passed through several technological iterations, and tends to be personalized and intelligent.

Key Points: 
  • From automotive radio to "host + amplifier + speaker + AVAS" mode, automotive audio system has passed through several technological iterations, and tends to be personalized and intelligent.
  • In sound field technology, Dolby Atmos and sky surround sound are widely used, and enabled through headrest audio and canopy speaker.
  • Starting from 2020, the sales of passenger cars each with more than 8 speakers have been on the rise.
  • The use of more speakers and the further iteration of audio system technology have favored higher audio system value per car.

ESR Successfully Launches Korea's First Open-ended Logistics Core Fund

Retrieved on: 
Wednesday, February 14, 2024

HONG KONG, Feb. 14, 2024 /PRNewswire/ -- ESR Group Limited ("ESR" or the "Company", together with its subsidiaries, the "Group"; SEHK Stock Code: 1821), APAC's largest real asset manager powered by the New Economy, today announced that its South Korean platform, ESR Kendall Square (hereinafter referred to as "ESRKS"), has established Korea's first perpetual, open-ended core logistics fund. The newly-formed core fund portfolio includes seven trophy assets which are developed and managed by ESRKS.

Key Points: 
  • The tenant base of the core fund portfolio primarily comprises major e-commerce and global third-party logistics ("3PL") companies.
  • With its launch, ESR also now has fund structures in new development, core-plus acquisitions and two complementary perpetual core vehicles with the ESR Kendall Square REIT and the new core fund, both of which are first-of-its-kind in the market.
  • Jeffrey Shen and Stuart Gibson, ESR Group Co-founders and Co-CEOs, said: "ESR is delighted to lead the way with the debut of our flagship open-ended logistics core fund in Korea.
  • Thomas Nam, CEO, ESR Korea, added: "We are proud to announce another milestone in successfully establishing Korea's first open-ended logistics core fund that will be managed perpetually.

Datasea Reports Second Quarter Fiscal Year 2024 Financial Results and Operations Update - Second Quarter Revenue is $11.3 Million Versus $0.1 Million in the Year-Ago Period

Retrieved on: 
Tuesday, February 13, 2024

"We delivered strong performance in our second quarter of 2024 with revenue of approximately $11.3 million which brought our first half revenue of 2024 to $18.2 million.

Key Points: 
  • "We delivered strong performance in our second quarter of 2024 with revenue of approximately $11.3 million which brought our first half revenue of 2024 to $18.2 million.
  • We believe that our technology has competitive advantages in its accuracy, convenience and technological capabilities," said Datasea CEO Zhixin Liu.
  • In addition to Datasea's technological R&D achievements over the years, our improved market positioning is due to extensive market promotion and our exceptional customer support.
  • Datasea anticipates completing these certifications in the next quarter and commencing the sales of its products in the US market.

FLJ Group Limited Amends the Maturity Date of the Promissory Notes

Retrieved on: 
Friday, February 9, 2024

SHANGHAI, China, Feb. 09, 2024 (GLOBE NEWSWIRE) -- FLJ Group Limited (NASDAQ: FLJ) (“FLJ” or the “Company”), today has agreed with the Alpha Mind Promissory Noteholders (defined below) to extend the maturity date of the Alpha Mind Promissory Note (defined below) from March 25, 2024 to June 30, 2024 (or such other date as the parties may further agree).

Key Points: 
  • SHANGHAI, China, Feb. 09, 2024 (GLOBE NEWSWIRE) -- FLJ Group Limited (NASDAQ: FLJ) (“FLJ” or the “Company”), today has agreed with the Alpha Mind Promissory Noteholders (defined below) to extend the maturity date of the Alpha Mind Promissory Note (defined below) from March 25, 2024 to June 30, 2024 (or such other date as the parties may further agree).
  • As previously announced, the Company acquired all the issued and outstanding shares in Alpha Mind Technology Limited for an aggregate all-cash purchase price of US$180,000,000 or RMB equivalent, paid in the form of the notes (the “Alpha Mind Promissory Notes”) which were delivered to each of the sellers (the “Alpha Mind Promissory Noteholders”) in an aggregate amount equal to the purchase price on December 28, 2023.

NaaS stocks jumped 70% in last two weeks. What happened?

Retrieved on: 
Thursday, February 8, 2024

As of the closing on February 7, its stock price reached $1.81 per share, 70% above its previous low.

Key Points: 
  • As of the closing on February 7, its stock price reached $1.81 per share, 70% above its previous low.
  • On February 8, 2024, NaaS announced that its charging network services achieved Net Take Rate (NTR,transaction-side gross profit) for the first time for January 2024.
  • In terms of overall profitability, NaaS' parent company, NewLink, announces that its refined oil business has become profitable.
  • With its continuous breakthroughs in the clean energy and solidification of market position, NaaS demonstrates enormous potential for long-term growth.

Taoping Reports Record 78% Year-Over-Year Contract Revenue Growth for January

Retrieved on: 
Wednesday, February 7, 2024

SHENZHEN, China, Feb. 7, 2024 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a developer of innovative smart cloud platform services and solutions, new media and artificial intelligence solutions, today reported 78% year-over-year growth in contract revenue for the month of January 2024.

Key Points: 
  • SHENZHEN, China, Feb. 7, 2024 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a developer of innovative smart cloud platform services and solutions, new media and artificial intelligence solutions, today reported 78% year-over-year growth in contract revenue for the month of January 2024.
  • With a total value of RMB 25.8 million (approximately USD $3.6 million), the record monthly contract revenue level was driven by demand for the Company's recently launched AI-related products and its innovative new off-grid wastewater treatment solution.
  • Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "We achieved our latest significant milestone, delivering record contract revenue growth during a typically slower period marked by Chinese New Year closures.
  • Given our expected continued strong growth, we believe we are also well positioned to unlock greater value, as we execute on our strategies to drive greater value for all shareholders."

Lost Money in Dada Nexus? Gibbs Law Group Investigates Potential Securities Law Violations

Retrieved on: 
Tuesday, February 6, 2024

Gibbs Law Group encourages Dada Nexus Limited (“Dada”) (NASDAQ: DADA) investors to contact us to discuss their legal rights and options.

Key Points: 
  • Gibbs Law Group encourages Dada Nexus Limited (“Dada”) (NASDAQ: DADA) investors to contact us to discuss their legal rights and options.
  • A lawsuit has been filed on behalf of Dada investors who purchased or acquired shares between May 11, 2023 and January 8, 2024.
  • If you purchased Dada securities during the Class Period, you may be entitled to potential compensation without paying any out-of-pocket fees or costs.
  • Following this news, Dada stock plummeted over 45% in intraday trading on January 8, 2024, causing significant harm to investors.

Yiren Digital's Insurance Arm Secures Spot on FESCO's Approved Supplier List

Retrieved on: 
Tuesday, February 6, 2024

This robust network enables Hexiang to offer a comprehensive suite of insurance services, catering to both corporate and individual clients.

Key Points: 
  • This robust network enables Hexiang to offer a comprehensive suite of insurance services, catering to both corporate and individual clients.
  • Within the Yiren Digital ecosystem, Hexiang Insurance Brokers distinguishes itself as a pivotal player.
  • This approach not only diversifies the insurance and financial planning solutions available to Yiren Digital's clientele but also enhances their value proposition.
  • Hexiang Insurance Brokers is on a mission to establish itself as the preeminent brokerage in China's insurance market by delivering an extensive and varied range of brokerage services.

Baidu to Report Fourth Quarter and Fiscal Year 2023 Financial Results on February 28, 2024

Retrieved on: 
Tuesday, February 6, 2024

BEIJING, Feb. 6, 2024 /PRNewswire/ -- Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with a strong internet foundation, today announced that it will report its financial results for the Fourth Quarter and Fiscal Year 2023 ended December 31, 2023, before the U.S. market opens on February 28, 2024.

Key Points: 
  • BEIJING, Feb. 6, 2024 /PRNewswire/ -- Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with a strong internet foundation, today announced that it will report its financial results for the Fourth Quarter and Fiscal Year 2023 ended December 31, 2023, before the U.S. market opens on February 28, 2024.
  • Baidu's management will hold an earnings conference call at 7:30 AM on February 28, 2024, U.S. Eastern Time (8:30 PM on February 28, 2024, Beijing Time).
  • It will automatically direct you to the registration page of "Baidu Inc. Q4 2023 Earnings Conference Call".
  • A replay of the conference call may be accessed by phone at the following number until March 6, 2024: