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HUYA Inc. Announces Management Changes and Provides Strategic Updates

Retrieved on: 
Tuesday, August 1, 2023

We greatly appreciate Mr. Dong's invaluable experience and achievements at Huya and wish him all the best in his future endeavors," said Mr. Songtao Lin, the Chairman of the Board.

Key Points: 
  • We greatly appreciate Mr. Dong's invaluable experience and achievements at Huya and wish him all the best in his future endeavors," said Mr. Songtao Lin, the Chairman of the Board.
  • Their seasoned industry knowledge and managerial capabilities will support Huya as we continue to unlock the business potential ahead of us."
  • Mr. Lin continued, "Huya remains unswervingly committed to serving the evolving needs of game enthusiasts, content creators, and its partners across the game value chain.
  • Prior to joining Huya, she served in various finance positions at JOYY Inc. from 2012 to 2017.

Friday essay: what the migrant workers who made my iPhone taught me about love

Retrieved on: 
Saturday, May 27, 2023

They showed young rural migrant workers in intimate, though not overtly sexual situations: talking quietly, holding hands, kissing, embracing, or simply sitting close to each other with their limbs intertwined.

Key Points: 
  • They showed young rural migrant workers in intimate, though not overtly sexual situations: talking quietly, holding hands, kissing, embracing, or simply sitting close to each other with their limbs intertwined.
  • While some women in the photos wear casual or even sexy clothes, others wear factory uniforms.
  • As a cultural anthropologist who has spent 20 years studying rural migrant workers in China, I was immediately captivated by these images.
  • I wanted to know what rural migrant workers themselves would make of these images and these polarised responses.

The iPhone and iPad workers of Shenzen

    • In addition to these in-depth, one-off interviews, I also invited ten workers – five men and five women – to participate in my research over three years, so I could document the changes in their lives.
    • The main site of my fieldwork was Village Q, a “village within the city” enclave that lies outside Foxconn’s plant.
    • Spicy aromas of food from Hunan, Hubei and Sichuan fill the nostrils, ameliorating homesickness and gratifying the chilli-loving palates of large cohorts of workers from these provinces.
    • It’s all cheap and cheerful, catering exclusively to workers on a wage of around 3,000 yuan (approximately US$440) a month.

‘A very modest dream’

    • They are also in the construction sector, the service and hospitality sector, small businesses, and a wide range of other areas.
    • Chinese cities cannot function smoothly for a single day without rural migrants.
    • The China’s so-called economic miracle simply would not have been possible without the cheap labour they supply.
    • Nongmingong have become part of urban life since the start of the economic reforms of the 1980s.

‘Without betrothal gift, my family would be embarrassed’

    • WJ’s only brother had just gotten married and was expecting a baby, so he was living at home for the moment.
    • And to add the final straw, he may not have been able to afford a betrothal gift, even though the expected betrothal “fee” (caili) from the groom’s family in WJ’s hometown is not high.
    • Furthermore, S’s family could not afford to pay betrothal money – an amount of about 100,000 yuan (more than AUD$20,000) – in WJ’s hometown.
    • The practice of giving “betrothal money” to the bride’s family has survived in China from a much earlier era.
    • People may say that your daughter is so cheap she’s prepared to go without any betrothal money.

‘My daughter doesn’t want to talk to me anymore’

    • After MB married this way and their daughter was born, she and her husband came to work at Foxconn in Shenzhen.
    • At that meeting, MB told me she had not seen her daughter for a couple of years.
    • Social media platforms such as QQ and WeChat were useful to connect with her daughter, but only to a limited extent.
    • But she was sad that her daughter no longer wanted to talk to her.
    • They seldom saw each other in the factory – it was a huge complex and they worked in different departments.
    • Last year, MB told me via WeChat, 11 years since I first spoke to her, that she was finally divorced.

‘You never get ahead by working hard’

    • Younger people, those born in the 1990s, tend to have a more casual approach when it comes to girls.
    • That may not be a problem if you’re loaded with money; your money can talk on your behalf.
    • But what chance do you have if you have no money, you look ordinary, and you don’t know how to talk to girls?
    • Most of the men you see here fit that description, especially those born in the 1980s.
    • That’s why you see so many lonely souls here – starving for love, sexually frustrated, and feeling lost.
    • Younger people, those born in the 1990s, tend to have a more casual approach when it comes to girls.
    • When I first met him in 2015 in Shenzhen, he was working 12 hours a day, six days a week at Foxconn plant, assembling iPhones.
    • Now, he is adamant that “you never get ahead by working hard.”

      Read more:
      Pity China's 'bare branches': unmarried men stuck between tradition and capitalism

Love doesn’t conquer all

    • One key message I got from my conversations with workers is that love does not conquer all, as we are often told.
    • For instance, I talked to both young rural migrants and their educated urban counterparts about how they made decisions about wedding photography.
    • The love lives of the workers are not only personal and individual matters; they are closely related to how the Chinese state governs.
    • Wanning Sun’s new book, Love Troubles: Inequality in China and its Intimate Consequences, is published by Bloomsbury, May 2023.

HUYA Inc. Announces Changes to Board Composition

Retrieved on: 
Tuesday, May 23, 2023

Mr. Lingdong Huang no longer serves as a director and the chairman of the Board or as a member of any Board committees of Huya following this substitution.

Key Points: 
  • Mr. Lingdong Huang no longer serves as a director and the chairman of the Board or as a member of any Board committees of Huya following this substitution.
  • In addition, Huya's Board has approved the appointment of Mr. Songtao Lin as the chairman of the Board and a member of the Board's nominating and corporate governance committee, effective immediately.
  • The Board is pleased to welcome Mr. Songtao Lin and looks forward to adding Mr. Lin's expertise and perspectives to Huya's Board.
  • The Board would also like to express its sincere gratitude to Mr. Lingdong Huang for his commitment and contributions to Huya over the past few years.

Dolby Laboratories Reports Second Quarter Fiscal 2023 Financial Results

Retrieved on: 
Thursday, May 4, 2023

SAN FRANCISCO, May 04, 2023 (GLOBE NEWSWIRE) -- Dolby Laboratories, Inc. (NYSE:DLB) today announced the company's financial results for the second quarter of fiscal 2023.

Key Points: 
  • SAN FRANCISCO, May 04, 2023 (GLOBE NEWSWIRE) -- Dolby Laboratories, Inc. (NYSE:DLB) today announced the company's financial results for the second quarter of fiscal 2023.
  • On a non-GAAP basis, second quarter net income was $122.6 million, or $1.26 per diluted share, compared to $94.0 million, or $0.92 per diluted share, for the second quarter of fiscal 2022.
  • Members of Dolby management will lead a conference call open to all interested parties to discuss second quarter fiscal 2023 financial results for Dolby Laboratories at 2:00 p.m. PT (5:00 p.m.
  • Whenever Dolby uses non-GAAP financial measures, it provides a reconciliation of the non-GAAP financial measures to the most closely applicable GAAP financial measures.

The Fastest Growing Specialty Category in 2021-22. Winner Announcement of 2022 Effie Awards "Industrial Digitalization: Service and Marketing Specialty Category"

Retrieved on: 
Thursday, January 12, 2023

"This is the second year of Effie Awards Greater China and Tencent Qidian to jointly develop the Industrial Digitalization: Service and Marketing Specialty Category.

Key Points: 
  • "This is the second year of Effie Awards Greater China and Tencent Qidian to jointly develop the Industrial Digitalization: Service and Marketing Specialty Category.
  • We were also pleased to see so many digital innovation marketing entries that provided new ideas and methods for the digital transformation of enterprises."
  • That's the sincere wish of Ms. Freda Xu to the Industrial Digitalization: Service and Marketing Specialty Category 3.0.
  • The Industrial Digitalization: Service and Marketing Specialty Category aims to commend the excellent practices that help the digital transformation of enterprises and innovation of service and marketing by utilizing cutting-edge digital technologies.

The Leading Cryptocurrency Exchange CoinW Shining the Globe Soccer Awards 2022 Ceremony

Retrieved on: 
Friday, November 18, 2022

Cryptocurrency Exchange CoinW, which official sponsored the Globe Soccer Awards, is the world's first world-class comprehensive cryptocurrency asset trading platform that cooperates with the Globe Soccer Awards.

Key Points: 
  • Cryptocurrency Exchange CoinW, which official sponsored the Globe Soccer Awards, is the world's first world-class comprehensive cryptocurrency asset trading platform that cooperates with the Globe Soccer Awards.
  • The "Dubai Globe Soccer Awards" is known as the Dubai D'or, in the football world, bringing together top stars in the Soccer circle.
  • On Dubai Night, the Globe Soccer Awards ceremony came to an end, and the results of various awards were announced.
  • After the Globe Soccer Awards ceremony, the 2022 FIFA World Cup will be held in Qatar in three days.

Antelope Enterprise Subsidiary Kylin Cloud Enters into Service Contract with AI Enterprise

Retrieved on: 
Wednesday, November 9, 2022

Kylin Cloud's SaaS system efficiently and effectively addresses human resource needs with its access to a broad and deep recruitment pool.

Key Points: 
  • Kylin Cloud's SaaS system efficiently and effectively addresses human resource needs with its access to a broad and deep recruitment pool.
  • We believe that Kylin Cloud is uniquely positioned in the fluid part-time and contactor employment sector in China to add substantial value in addressing their clients' employment needs."
  • The Service Contract stipulates that Kylin Cloud will recruit part-time personnel for Anhui Zhongzhouto help in their business development associated with data collection, data labelling and data annotation services for AI and machine learning for their clients.
  • Anhui Zhongzhou will pay Kylin Cloud a management service fee and a performance fee based on employment metrics.

WeTrade Group Appoints Mr. Hanfeng Li as its Vice President and as the President of WTPay Business Segment

Retrieved on: 
Wednesday, October 12, 2022

The appointment of Mr. Hanfeng Li aims to optimize the Company's international development strategy and business alignment.

Key Points: 
  • The appointment of Mr. Hanfeng Li aims to optimize the Company's international development strategy and business alignment.
  • Mr. Hanfeng Li, Vice President of the Company, said, "I'm excited to join WeTrade, a technology company that has great growth potential and advantages of strong shareholders.
  • Mr. Pijun Liu, Chief Executive Officer of the Company, commented, "We are very glad to welcome Mr. Hanfeng Li to the Company.
  • We believe Mr. Hanfeng Li's expertise and experience will make valuable contribution to the development of our global financial technology business."

Antelope Enterprise Subsidiary Kylin Cloud Enters into Contract with E-Commerce Importer

Retrieved on: 
Wednesday, September 28, 2022

The contract is for one year and expires on August 15, 2023, but it can be renewed with a new agreement.

Key Points: 
  • The contract is for one year and expires on August 15, 2023, but it can be renewed with a new agreement.
  • We believe that our subsidiary, Kylin Cloud, is well positioned to optimize the recruiting needs for Fushing E-Commerce as a leading SaaS and PaaS service platform provider.
  • The Service Contract stipulates that Kylin Cloud will recruit personnel for Fushing E-Commerce to help them in projects associated with the marketing and promotion of its business.
  • The Service Contract also stipulates that Fushing E-Commerce will remit to Kylin Cloud management service fees, commission fees and any taxes due to Kylin Cloud based on the earnings of the referred and retained project personnel.

Tencent Introduces 'Immersive Convergence' to Drive Connections Between Digital and Real Worlds

Retrieved on: 
Wednesday, September 28, 2022

HONG KONG, Sept. 28, 2022 /PRNewswire/ -- "There will soon be a new connection that integrates digital and physical forms, transcending time and space," said Pony Ma, Chairman of the Board and Chief Executive Officer of Tencent. "The doors to the future are opening with 'Immersive Convergence'. It offers new solutions to users, industries and society, and is set to bring new application scenarios, incubate a new industrial ecology and shape a new way of life."

Key Points: 
  • Tencent and Accenture have jointly published an Immersive Convergence white paper , which outlines the concept originated by Pony Ma.
  • According to the white paper, Immersive Convergence is an innovative model that integrates the digital economy and the real world.
  • Dowson Tong said, "The integration of digital technology and the real economy is becoming a top priority and industry trend.
  • Tencent Cloud, one of the world's leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries.