QZ

QZ Asset Management Completes Second $100m Private Placement Round

Retrieved on: 
Wednesday, April 5, 2023
Private placement, Artificial intelligence, QZ, Research, Private, Cryptocurrency, Security (finance)

The company has raised a total of $200m from private placement rounds since January 2023.

Key Points: 
  • Guangzhou, China--(Newsfile Corp. - April 5, 2023) - QZ Asset Management ("QZ") today announced that it has concluded a second private placement round on April 3, 2023 to sell 100,000,000 shares of the company's common stock at a price of US$1.00 per share, for aggregate proceeds of US$100,000,000 to private investors.
  • The company has raised a total of $200m from private placement rounds so far, following a similar $100m round in January 2023, and expects to raise further funds through private placement before its expected US listing in August later this year.
  • Blake Yeung, CEO of QZ Asset Management commented, "Our performance has been consistently strong since before the pandemic and this is reflected in the confidence shown previously by global institutions and now private investors.
  • This announcement does not constitute an offer to sell or the solicitation of an offer to buy shares of common stock of QZ Asset Management.

QZ Asset Management Announces IPO Terms and Aims to Further BDAI Research

Retrieved on: 
Thursday, March 9, 2023
Silicon, Research, IPO, Artificial intelligence, QZ, Security (finance)

The firm is looking to raise up to $360 million and is expected to trade on Nasdaq under the ticker symbol 'QZAM'

Key Points: 
  • Guangzhou, China--(Newsfile Corp. - March 8, 2023) - QZ Asset Management has set terms for its initial public offering (IPO), as the Chinese company looks to raise up to $360 million.
  • The company is offering 60 million ordinary shares in the IPO, which is expected to price between $4 to $6 per share, on the Nasdaq exchange under the ticker symbol "QZAM".
  • "We have been working towards going public for a while now and we are very pleased with the progress so far.
  • An IPO listing will give us the resources and impetus to take BDAI to the next level, with development plans already underway and the extra funding will allow QZ to pursue more ambitious endeavors such as quantum integration with artificial intelligence," said Blake Yeung, CEO of QZ Asset Management.

QZ Asset Management Completes $100m Oversubscribed Private Placement

Retrieved on: 
Monday, February 6, 2023
Artificial intelligence, Private, Private placement, Research, QZ, Security (finance)

The private placement was oversubscribed by three times and raised $100m for technology development and expansion purposes

Key Points: 
  • Guangzhou, China--(Newsfile Corp. - February 6, 2023) - QZ Asset Management ("QZ ") today announced that it has concluded a private placement round on 31 January 2023 to sell 100,000,000 shares of the company's common stock at a price of US$1.00 per share, for aggregate proceeds of US$100,000,000 to financial institutions.
  • Blake Yeung, CEO of QZ Asset Management, commented, "We are extremely pleased with the support QZ received from investors in this oversubscribed financing.
  • The shares to be sold in the non-brokered private placement are subject to applicable United States securities laws.
  • This announcement does not constitute an offer to sell or the solicitation of an offer to buy shares of common stock of QZ Asset Management.

QZ Asset Management Announces New Offices in Shanghai and South Africa to Support BDAI Program Across Asia and Africa

Retrieved on: 
Wednesday, November 30, 2022
16th World Economic Forum on Africa, Growth, AI, QZ, Insurance, Yoy, Cryptocurrency, Renewable energy, African

The company has responded to growing demands for its services and hopes to provide better services and support for its customers across the globe.

Key Points: 
  • Guangzhou, China--(Newsfile Corp. - November 30, 2022) - QZ Asset Management, a leading AI investment company, has announced the locations of their new offices in China and South Africa.
  • "We are excited to open an office in South Africa as a result of our continued growth in the African continent.
  • QZ can establish even closer ties with our customers and are well-positioned to reach new clients and recruit strong talent in Africa," said Blake Yeung, CEO of QZ Asset Management.
  • QZ Asset Management was founded in 2012 and is headquartered at Guangzhou with additional offices worldwide, led by a team of experienced investment professionals and analysts.

QZ Asset Management Invited to Showcase BDAI Technology at Major FinTech Events Worldwide

Retrieved on: 
Thursday, September 29, 2022
Paragon, Exhibition, Adoption, Digital, Trade Finance Technology (TradeTech), Efficiency, COVID-19, FTF, Digital banking, Robotic process automation, Population, Siam Paragon, Hearing, Industry, Calendar, RPA, Artificial intelligence, Singapore FinTech Festival, Technology, TSYS, Goal, Financial technology, FFT, Ecosystem, Insurance, Research, AI, QZ, Video game, Management, Bank, Payment, Computer security, Investment, Google, Science and technology in Asia, Blockchain, Cryptocurrency, Citigroup

Beginning Q1 2023, the Chinese firm has lined up multiple appearances at major fintech events worldwide after a COVID-19 enforced hiatus from large scale international events.

Key Points: 
  • Guangzhou, China--(Newsfile Corp. - September 29, 2022) - QZ Asset Management, a leading AI-powered investment company, announced today that it has plans to showcase its proprietary BDAI technology at global FinTech conferences during the first and second quarters of 2023.
  • Financial technology is constantly evolving around the world, enabling more of the world's unbanked population to access financial services.
  • QZ is committed to advancing financial inclusion and share our research and technology to the masses around the world, no matter where they are from," said Blake Yeung, Chief Executive Officer of QZ Asset Management.
  • Such is the effectiveness of this technology that QZ Asset Management has been able to implement the technology in any asset class, whether it's equities, indices, derivatives or foreign exchange.

QZ Asset Management Targets South American and African Expansion

Retrieved on: 
Thursday, September 15, 2022
COVID-19, City, Growth, Travel, Technology, NASDAQ, Research, QZ, Film

The Chinese Asset Management firm is looking to establish its presence in the South American and African regions, with QZ stating its intention to become a 'global power' in the financial markets

Key Points: 
  • QZ Asset Management is a leading AI-powered investment powerhouse with more than 10 years of proven record in investment excellence, with its proprietary Big Data-Artificial Intelligence (BDAI) technology driving the company's impressive performance.
  • As COVID-19 restrictions begin to ease globally, QZ is now looking to resume its expansion plans and fulfil its ambitions of becoming a 'global power' in the financial markets.
  • The Latin American and African offices will act as hubs for QZ in their respective regions and add to QZ's global footprint, including offices in China, Hong Kong, Japan, and Malaysia.
  • QZ Asset Management was founded in 2012 and is headquartered at Guangzhou with additional offices worldwide, led by a team of experienced investment professionals and analysts.

Zuper Announces Partner Connect 2022: Virtual Event Spotlights Strategies for Partners to Accelerate Growth with Zuper

Retrieved on: 
Tuesday, September 13, 2022
VP, Zoho Corporation, CFO, HubSpot, Reverse logistics, ERP, Entrepreneurship, Partner, Federal Data Services Hub, Knowledge, Organization, CRM, Industry, Micro ISV, CEO, CRMS, Sis, Field service management, Zendesk, QZ, Petroleum, Online shopping

SEATTLE, Wash. and CHENNAI, Sep.13, 2022 /PRNewswire-PRWeb/ -- Zuper, provider of a productivity suite for intelligent field service management and customer engagement, today announced it will host its second annual Partner Connect on Thursday, September 22, 2022. Partner Connect 2022 will feature a full day of presentations and technical workshops led by industry experts that will share best practices to digitize, automate and optimize service operations.

Key Points: 
  • Partner Connect will bring together Zuper's partners from a variety of industries to learn about the latest Field Service innovations, as well as opportunities to accelerate their business growth with Zuper.
  • Furthermore, the event will feature discussions of the powerful integrations offered alongside Zuper such as Hubspot, Zendesk, Zoho and others.
  • In-depth insights from Zuper's Premium Partners and new platform updates will round out this year's event."
  • For additional details on the event schedule and to register for Partner Connect 2022, visit https://zuper.co/partner-connect-2022/ for more information.

QZ Asset Management Reports Record Growth at Annual General Meeting

Retrieved on: 
Thursday, July 21, 2022
COVID-19, CEO, QZ, AGM, Index, AUM, CNY, Technology, Company, Asset, Cryptocurrency

Guangzhou, China--(Newsfile Corp. - July 21, 2022) - QZ Asset Management ("QZ" or the "Company"), a leading asset management firm in China, today announced that its annual general meeting (the "AGM") was held in Guangzhou on June 30, 2022 and all the proposed resolutions set out in the notice of AGM were duly passed at the AGM.

Key Points: 
  • Guangzhou, China--(Newsfile Corp. - July 21, 2022) - QZ Asset Management ("QZ" or the "Company"), a leading asset management firm in China, today announced that its annual general meeting (the "AGM") was held in Guangzhou on June 30, 2022 and all the proposed resolutions set out in the notice of AGM were duly passed at the AGM.
  • Mr. Blake Yeung, CEO of QZ Asset Management, told shareholders at the AGM that the company has posted exceptional results for 2021.
  • He said, "We have achieved exceptional growth in 2021, ending the year with record assets under management of over CNY 50 billion.
  • Core earnings increased by 50%, driven by significant management fee growth, strong index trading profits, and our global expansion strategy."