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News Article | February 16, 2017
Site: www.prnewswire.co.uk

GUIYANG, China, Feb. 16, 2017 /PRNewswire/ -- Guian New Area, a national-level new urban district in China's southwest Guizhou Province, achieved great strides in 2016 in emerging industries such as big data, laying a solid foundation for further expansion in 2017, and explosive growth over the next five years. In 2017, Guian's fixed asset investment is expected to rise 21.9 percent from a year earlier to US$10.9 billion, while actual investment attracted into the New Area is expected to gain 11.1 percent to over US$3.34 billion, creating 30,000 jobs. As a key engine of growth, the big data business is expected to expand to over US$7.29 billion, and aims to generate US$2.18 billion in both industrial output and sales revenues. Guian will improve the infrastructure of the information industry by equipping itself to be a national-level Internet development zone. In addition, it will accelerate the construction of a data-processing center, taking advantage of a strategic partnership between the zone and Alibaba Group. The Area will launch the Huawei Global Data Center, kick off the second phase of data center projects by China's top 3 telecom operators, strive to complete the first phase of the Tencent Data Center, and aims to introduce at least two new data centers. With capacity to house over 300,000 servers, the New Area will also develop a national-level supercomputing center, kick off plans for an integrated circuit industrial park, and aims to achieve annual production of over 50 million cellphones. Guian New Area aims to make fresh breakthroughs in high-end equipment manufacturing to realize US$727 million in total industrial output. In terms of concrete projects, Guian New Area aims to basically complete phase one of the FDG New Energy Vehicle project in 2017, with an estimated annual production value of US$4.3 billion, and establish a "hundred-billion-automobiles" eco-park. The zone will also promote the healthcare and pharmaceutical industry, with plans to accelerate construction of the Tongji Guian Hospital, complete phase one of the Biotech Industry Town, kick off pharmaceutical logistics projects, and accelerate the setup of an industry platform. Guian New Area aims to introduce over eight pharmaceutical manufacturers, and at least five medical research and service institutions, aiming to realize an industry value exceeding US$145.6 million. Guian New Area will actively set up an innovative pilot zone for green finance, set up the Green Finance Port (phase I), accelerate construction of projects including the Southwestern Food Logistics Town, Home Building Materials City, and Jingang Automobile Culture City of the Future. Guian New Area will vigorously develop industries including new energy, new materials, civil-military integration, and the high-end service industry. Guian New Area is located in Southwest China's Guizhou province, the eighth national-level new area in China.


News Article | February 22, 2017
Site: phys.org

Such virtual makeovers, typically involving lightening skin, smoothing out complexions and rounding the eyes, have propelled selfie-editing app Meitu to the top ranks of China downloads. With more than 450 million active China users, Meitu is now also gaining traction abroad, using its more advanced features to challenge Instagram and Snapchat, which depend largely on filters and stickers. China has a world-leading 700 million mobile-Internet users, vast numbers of whom use such apps to fuss over their digital appearance. "It's the same as with clothing and makeup. They are all ways for people to better present themselves," said Hu, a travel agency employee, who likens Meitu to a cheap, non-permanent form of cosmetic surgery. She added: "Everyone uses it as a kind of personal advertisement." Meitu, which means "pretty picture", launched a Hong Kong IPO in December that valued the company at $4.6 billion at the time, despite consistently posting losses. It was Hong Kong's biggest tech IPO in nearly a decade. Analysts call Meitu a potential test case of the global potential of Chinese apps, particularly those aimed at women, a powerful consumer force. "(Meitu) has really appealed to the beauty concept of China's post-95s," said William Chou, an internet analyst for Deloitte China, referring to those born after that year. "Photo-sharing is a global phenomenon but China has climbed to the top of the world in this," he added. The selfie-editing craze highlights how Chinese lives are increasingly lived online, making a person's virtual appearance as important as their real one, said psychology professor Yu Feng of Xi'an Jiaotong University. "Modern society has turned face-to-face communication into mostly internet communication," Yu said, and Chinese millennials are seizing the chance "to control themselves and their world". Meitu and domestic competitors like Camera 360 and Poco shrewdly cater to Chinese beauty preferences for lighter skin and rounder eyes—key features allow easy modification of such attributes on screen. Founded in the eastern city of Xiamen, Meitu initially provided photo-editing software for PCs, introducing its first selfie app in 2013. Its IPO prospectus said Meitu apps process half of the pictures posted on Chinese social media and were used to alter around six billion photos last October. Its half-dozen applications, including one for altering video, are regularly among the top photo-app downloads in countries as diverse as China, Russia, Japan, India and Malaysia. Chinese internet giants like Tencent and Alibaba have struggled to replicate their domestic dominance overseas. But Meitu said it had 430 million overseas users as of October last year, compared to around 500 million claimed by Instagram. Yet profits remain elusive. Meitu lost 2.2 billion yuan ($320 million) in the first half of last year. "Meitu's big problem has always been that it came up with this killer app—and the usage is unbelievable. It's crazy. But they never had a clear business model underneath it," said Jeffrey Towson, professor of investment at Peking University. Meitu did not respond to requests for comment. Hungry for revenues, it launched its own phones designed for selfie-taking in 2013. It sold just 646,446 in the first 10 months of last year, however, a tiny amount in China's massive market. Phone sales nevertheless still make up more than 95 percent of Meitu revenue. It now promises to build an online "ecosystem" of apps and devices based on selfie-processing, which could include selling advertising space—as Instagram does —and launching a fashion-focused e-commerce platform. "Our mission is to make the world more beautiful. Our wish is to build a beauty ecosystem," the IPO prospectus said. Its shares have risen 16 percent since they debuted, closing Tuesday at HK$9.86. Deloitte's Chou said investors were ignoring Meitu's current losses in hopes it can pull off the planned business makeover. He explained: "For tech companies, the future is more important than the past."


DevOps-friendly P4-based Implementation Instantly Detects Performance Anomalies across Network, Server and VM Infrastructures; Enables Reliable and Secure Applications at Significantly Higher Speeds and Lower Latencies BARCELONA, SPAIN--(Marketwired - Feb 27, 2017) - MOBILE WORLD CONGRESS - Barefoot Networks, the creator of Tofino™, the world's fastest 6.5 Tb/s Ethernet switch chip, and Netronome, a leading provider of high-performance intelligent networking solutions, today demonstrated a solution that combines the unique capabilities of the Agilio® CX SmartNIC platform from Netronome with Barefoot's Tofino™ P4-programmable switch to deliver precise and real-time network telemetry information needed to detect, root-cause and correct network problems causing poor service quality and connection drops. These challenges faced by network operators will be further exacerbated by the 10X speeds and surge of new services and data enabled in 5G networks. For the first time, the joint solution demonstrates how DevOps can be empowered to triangulate performance issues to VMs and NICs in servers or network switches, making it possible to immediately detect low-performing virtual network functions (VNFs) in service chains and take corrective actions. The Cambrian explosion of new applications and services in 5G mobile networks will require network elements in the telco operator data center to service those applications and the zettabytes of data that they generate or consume. Such applications and services require high-performance and efficient coordination of data center resources among network infrastructure, servers, NICs and VMs running VNFs in the telco operator's data center. The network infrastructure plays a vital role to boost efficiency and provide isolation, SLA handling, and dynamic scale-out across multiple service domains. With today's solutions, the inability to triangulate performance issues to VMs, NICs or network switches makes it difficult or impossible to effectively implement high levels of SLAs across the network infrastructure. Programmable high-performance switches from Barefoot and SmartNICs from Netronome enable precise triangulation of performance issues to VMs, NICs or switches. Operators can now accurately and promptly quantify any performance degradation and identify impacted network slices, applications, and flows. "Barefoot Networks is delighted to demonstrate ubiquitous network visibility on a per-packet basis together with Netronome," said Ed Doe, VP of Product and Marketing at Barefoot Networks. "Having real-time and accurate telemetry information is crucial for running networks reliably today. The combination of our Tofino Ethernet switch with the Agilio SmartNIC from Netronome gives network operators the flexibility to define and extract the metrics they need diagnose and fix bad behavior across the entire network." "Deployment of new and innovative services by operators results in constantly changing workloads and network behavior," said Niel Viljoen, CEO and founder of Netronome. "This implies that implementation of network telemetry must not only be line rate but also programmable. It also needs to be done collaboratively at all points, and DevOps must be empowered to implement what is needed. We are pleased to collaborate with Barefoot Networks to bring these much-needed capabilities into the industry." Announced in June 2016, Barefoot Networks' Tofino Ethernet switch ASICs and Capilano Software Development Environment (SDE) remove the last barrier to full network programmability by opening the forwarding plane, enabling granular control down to the packets flowing on the wire. Its first Tofino chips were delivered to customers in Q4 2016 and the company continues to add industry leaders to its growing network of partners. The Agilio CX 10GbE, 25GbE and 40GbE SmartNIC platforms from Netronome fully and transparently offload virtual switch and router datapath processing for networking functions such as overlays, security, load balancing and telemetry, enabling compute servers used for server-based networking and cloud computing to save critical CPU cores for application processing while delivering significantly higher performance. The programmable Agilio CX platform features standard low-profile PCIe SmartNICs and software, designed for general-purpose x86 commercial off-the-shelf (COTS) rack servers, fitting needed operating system, power and form factor requirements. Barefoot Networks and Netronome are demonstrating In-band Network Telemetry (INT) implemented using P4 in SmartNICs and network switches to pinpoint latency degradation caused by service-chained VNFs, generating triggers that can be used to automatically fire up new VNFs or move VNFs to servers with more resources. The demonstration showcases how vendor-agnostic, open source, and common P4 programs can be used across programmable NICs and switches. DevOps teams can easily extend INT on the SmartNIC or the network switch to gather additional metadata or perform additional actions. The live demonstration can be seen in the Netronome booth (2O2MR) at Mobile World Congress, February 28 through March 3, 2017 in Barcelona, Spain. Barefoot Networks launched in 2016 after two years of developing the most programmable and -- at 6.5Terabits/second -- the fastest switches ever built; twice as fast as the previous on record. By enabling organizations to define the network data plane in software, Barefoot empowers network owners and their infrastructure partners to design, optimize, and innovate to meet their specific requirements and gain competitive advantage. In combining the P4 open-source programming language with fast programmable switches, Barefoot has also created an ecosystem of compilers, tools, and P4 code to make P4 accessible to anybody. Barefoot's founders -- Pat Bosshart, Martin Izzard, Dan Lenoski, Nick McKeown -- bring the company more than 100 years of experience in building the fastest and biggest networking systems in the world. Backed by Google Inc., Goldman Sachs Principal Strategic Investments, Alibaba, Tencent and by premier venture capital firms Sequoia Capital, Lightspeed Venture Partners, and Andreessen Horowitz, Barefoot Networks is headquartered in Silicon Valley. For more information, visit http://www.barefootnetworks.com. Follow us on Twitter: @barefootnetwork Netronome enables customers to increase the efficiency of their modern data center infrastructure, reducing total cost of ownership (TCO) and driving significantly higher revenue per server. Server-based networking has enabled rapid innovation and transformed the economics for data center compute and networking. However, such deployments are facing significant scaling and efficiency challenges with the rapid adoption of 10GbE and higher bandwidth network infrastructure. Netronome brings back much-needed scale and efficiency without compromising flexibility or the speed of innovation needed in today's cloud networks running businesses of all sizes. Netronome is headquartered in Santa Clara, CA. To learn more about Netronome and its products, please visit www.netronome.com Barefoot Networks, the Foot Logo and Tofino are trademarks of Barefoot Networks. Netronome, the Netronome logo, and Agilio are trademarks or registered trademarks of Netronome Systems, Inc. All other trademarks mentioned are registered trademarks or trademarks of their respective owners in the United States and other countries.


News Article | March 2, 2017
Site: www.prnewswire.co.uk

Sequoia Capital China Joins Team of Global Leading Investors as Klook Further Expands Spectrum of In-Destination Services HONG KONG, March 2, 2017 /PRNewswire/ -- Klook, Asia's largest attractions, tours, and activities booking platform, today announced it has raised US$30 million in Series B funding led by Sequoia Capital China. Existing investors including Matrix Partners, ex-Tencent executive-backed Welight Capital also participated with follow-on investments. The funds will further Klook's global expansion efforts to offer one-stop booking for travelers to enjoy everything from attractions, tours and activities to local transfers, dining experiences, shopping, etc. Founded in late 2014, Klook's team of investors already includes some of the world's leading venture capitalists. "Scale advantage is a prominent element in the travel industry, especially within the highly fragmented in-destination sector," said Neil Shen, Founding and Managing Partner of Sequoia Capital China. "With combined strengths in transaction and community, Klook has become a proven leader in Asia.  We're happy to join the company on this exciting journey going forward." "Ever since our initial investment, the Klook team has demonstrated great business judgment backed by sound execution," added David Zhang, Founding Managing Partner of Matrix Partners. "Having witnessed the rapid growth of the business, we are convinced that Klook has firmly established itself as the clear winner in this space and we're pleased to continue our support." Klook's platform covers over 80 popular destinations in Asia and beyond, providing more than 10,000 attractions, tours, and activities. Last year, the company helped travelers book a record 5 million trips. To support this growth, Klook has developed into a team of over 200 staffers based in 8 offices across Asia. "Klook is shaping the way people discover destinations and customize itineraries," said Ethan Lin, CEO & Co-Founder of Klook. "Over the past two years, we've been tirelessly reinventing the supply chain and innovating our UI to create a seamless booking experience for millions of users. Now with a few clicks or taps, the travel services you need and the activities you seek will all be at your fingertips." Looking ahead, Klook will be broadening its scope of operations beyond Asia to meet the spending power and growing appetite of Asian travelers. The company is confident that as travelers make more mid to long-haul journeys out of the region, there will be a significant demand to access everything a destination has to offer on one consolidated platform. "We are proud of our achievements in the attractions, tours and activities segment, and now we are expanding the spectrum of our in-destination offers," said Eric Gnock Fah, COO & Co-Founder of Klook. "After seeing great results in our newly launched local transfer & wifi vertical, we are enthusiastically diving deeper into the in-destination ecosystem to offer a wider array of services, from dining and wellness experiences to shopping deals, for travelers to enjoy wherever they go." Besides building a bigger portfolio of experiences and services, Klook is also developing the largest collection of travel videos in the industry. From original content to exploring new formats like 360 or VR videos, the team at Klook will be focused on creating an engaging discovery and booking experience on all of its platforms. Klook is Asia's largest platform to book a wide array of in-destination services at the best prices. We give travelers the chance to discover and enjoy every memorable moment from adventure thrills at Universal Studios Japan, one-of-a-kind experiences like shipwreck diving in Bali, gourmet dining aboard the Singapore Cable Car, to the airport express and Pocket WiFi at Hong Kong Airport. Klook was named Best Internet & Communications Technology Startup by the Hong Kong Government in 2015, and won the Future Commerce Award hosted by Taiwan's largest tech media Digitimes in 2016. Klook's mobile platform was featured and awarded "Best of 2015" by Apple and "Best App of the Year" by Google Play. As "The Entrepreneurs Behind The Entrepreneurs", Sequoia Capital China focuses on four sectors: TMT, healthcare, consumer/service, and new energy/advanced manufacturing. Over the past 12 years, we've had the privilege of working with more than 300 companies in China, including Alibaba, Ali Pictures, AutoNavi, Beta Pharma, BGI, Deppon Logistics, Dianping, Didi, DJI, Ganji.com, Hero Entertainment, JD.com, Jumei, Meituan, Meilishuo, Momo, Noah, Ourpalm, Plateno Hotels Group, Qihoo 360, Sina.com, SINNET, Snibe Diagnostic, Toutiao, VanceInfo, VIPshop, Wanda Cinemas, Weigao Group, Yuwell Medical, ZTO Express. Sequoia has operations in China, India, Israel, and the United States. About Matrix Partners Matrix Partners is a venture capital firm with offices in Silicon Valley, Boston, Beijing and Shanghai. Matrix China invests in early stage companies, particularly in following sectors: mobile, online finance, enterprise service and health care. Notable investments include Didi-Kuaidi, Cheetah mobile, Momo, Qihoo, etc. To learn more about our investors, please visit:


News Article | March 2, 2017
Site: en.prnasia.com

HONG KONG, March 2, 2017 /PRNewswire/ -- Klook, Asia's largest attractions, tours, and activities booking platform, today announced it has raised US$30 million in Series B funding led by Sequoia Capital China. Existing investors including Matrix Partners, ex-Tencent executive-backed Welight Capital also participated with follow-on investments. The funds will further Klook's global expansion efforts to offer one-stop booking for travelers to enjoy everything from attractions, tours and activities to local transfers, dining experiences, shopping, etc. Founded in late 2014, Klook's team of investors already includes some of the world's leading venture capitalists. "Scale advantage is a prominent element in the travel industry, especially within the highly fragmented in-destination sector," said Neil Shen, Founding and Managing Partner of Sequoia Capital China. "With combined strengths in transaction and community, Klook has become a proven leader in Asia.  We're happy to join the company on this exciting journey going forward." "Ever since our initial investment, the Klook team has demonstrated great business judgment backed by sound execution," added David Zhang, Founding Managing Partner of Matrix Partners. "Having witnessed the rapid growth of the business, we are convinced that Klook has firmly established itself as the clear winner in this space and we're pleased to continue our support." Klook's platform covers over 80 popular destinations in Asia and beyond, providing more than 10,000 attractions, tours, and activities. Last year, the company helped travelers book a record 5 million trips. To support this growth, Klook has developed into a team of over 200 staffers based in 8 offices across Asia. "Klook is shaping the way people discover destinations and customize itineraries," said Ethan Lin, CEO & Co-Founder of Klook. "Over the past two years, we've been tirelessly reinventing the supply chain and innovating our UI to create a seamless booking experience for millions of users. Now with a few clicks or taps, the travel services you need and the activities you seek will all be at your fingertips." Looking ahead, Klook will be broadening its scope of operations beyond Asia to meet the spending power and growing appetite of Asian travelers. The company is confident that as travelers make more mid to long-haul journeys out of the region, there will be a significant demand to access everything a destination has to offer on one consolidated platform. "We are proud of our achievements in the attractions, tours and activities segment, and now we are expanding the spectrum of our in-destination offers," said Eric Gnock Fah, COO & Co-Founder of Klook. "After seeing great results in our newly launched local transfer & wifi vertical, we are enthusiastically diving deeper into the in-destination ecosystem to offer a wider array of services, from dining and wellness experiences to shopping deals, for travelers to enjoy wherever they go." Besides building a bigger portfolio of experiences and services, Klook is also developing the largest collection of travel videos in the industry. From original content to exploring new formats like 360 or VR videos, the team at Klook will be focused on creating an engaging discovery and booking experience on all of its platforms. Klook is Asia's largest platform to book a wide array of in-destination services at the best prices. We give travelers the chance to discover and enjoy every memorable moment from adventure thrills at Universal Studios Japan, one-of-a-kind experiences like shipwreck diving in Bali, gourmet dining aboard the Singapore Cable Car, to the airport express and Pocket WiFi at Hong Kong Airport. Klook was named Best Internet & Communications Technology Startup by the Hong Kong Government in 2015, and won the Future Commerce Award hosted by Taiwan's largest tech media Digitimes in 2016. Klook's mobile platform was featured and awarded "Best of 2015" by Apple and "Best App of the Year" by Google Play. As "The Entrepreneurs Behind The Entrepreneurs", Sequoia Capital China focuses on four sectors: TMT, healthcare, consumer/service, and new energy/advanced manufacturing. Over the past 12 years, we've had the privilege of working with more than 300 companies in China, including Alibaba, Ali Pictures, AutoNavi, Beta Pharma, BGI, Deppon Logistics, Dianping, Didi, DJI, Ganji.com, Hero Entertainment, JD.com, Jumei, Meituan, Meilishuo, Momo, Noah, Ourpalm, Plateno Hotels Group, Qihoo 360, Sina.com, SINNET, Snibe Diagnostic, Toutiao, VanceInfo, VIPshop, Wanda Cinemas, Weigao Group, Yuwell Medical, ZTO Express. Sequoia has operations in China, India, Israel, and the United States. About Matrix Partners Matrix Partners is a venture capital firm with offices in Silicon Valley, Boston, Beijing and Shanghai. Matrix China invests in early stage companies, particularly in following sectors: mobile, online finance, enterprise service and health care. Notable investments include Didi-Kuaidi, Cheetah mobile, Momo, Qihoo, etc. To learn more about our investors, please visit:


Grant
Agency: GTR | Branch: EPSRC | Program: | Phase: Training Grant | Award Amount: 3.35M | Year: 2014

Our 21st century lives will be increasingly connected to our digital identities, representations of ourselves that are defined from trails of personal data and that connect us to commercial and public services, employers, schools, families and friends. The future health of our Digital Economy rests on training a new generation of leaders who can harness the emerging technologies of digital identity for both economic and societal value, but in a fair and transparent manner that accommodates growing public concern over the use of personal data. We will therefore train a community of 80 PhD students with the interdisciplinary skills needed to address the profound challenges of digital identity in the 21st century. Our training programme will equip students with a unique blend of interdisciplinary skills and knowledge across three thematic aspects of digital identity - enabling technologies, global impacts and people and society - while also providing them with the wider research and professional skills to deliver a research project across the intersection of at least two of these. Our students will be situated within Horizon, a leading centre for Digital Economy research and a vibrant environment that draws together a national research Hub, CDT and a network of over 100 industry, academic and international partners. Horizon currently provides access to a large network of over 75 potential supervisors, ranging from from leading Professors to talented early career researchers. Each student will work with an industry, public, third sector or international partner to ensure that their research is grounded in real user needs, to maximise its impact, and also to enhance their employability. These external partners will be involved in co-sponsorship, supervision, providing resources and hosting internships. Our external partners have already committed to co-sponsor 30 students so far, and we expect this number to grow. Our centre also has a strong international perspective, working with international partners to explore the global marketplace for digital identity services as well as the cross-cultural issues that this raises. This will build on our success in exporting the CDT model to China where we have recently established a £17M International Doctoral Innovation Centre to train 50 international students in digital economy research with funding from Chinese partners. We run an integrated four-year training programme that features a bespoke core covering key topics in digital identity, optional advanced specialist modules, practice-led team and individual projects, training in research methods and professional skills, public and external engagement, and cohort building activities including an annual writing retreat and summer school. The first year features a nine month structured process of PhD co-creation in which students, supervisors and external partners iteratively refine an initial PhD topic into a focused research proposal. Building on our experience of running the current Horizon CDT over the past five years, our management structure responds to external, university and student input and manages students through seven key stages of an extended PhD process: recruitment, induction, taught programme, PhD co-creation, PhD research, thesis, and alumni. Students will be recruited onto and managed through three distinct pathways - industry, international and institutional - that reflect the funding, supervision and visiting constraints of working with varied external partners.


BEIJING, Feb. 27, 2017 /PRNewswire/ - The "Young People Insight Paper", jointly published by AdMaster and Tencent QQ, has unveiled and analyzed young people's (13-24 years old) attitude towards brands, media habits and entertainment preferences in mainland China. The paper was developed according to data gathered from AdMaster's strategic media planning platforms and sponsorship evaluation index, together with the Tencent QQ Social Index which is based on big data derived from Tencent QQ's ecosystem, which covers 800 million account users. Chinese young people talked about consumer electronics, automobiles, skincare/cosmetics, luxury products and personal care products the most on Tencent QQ's social platforms. In terms of spending money on entertainment and leisure activities, youth is probably the leading segment in the market. Their purchasing power is not to be underestimated. What do young people like? Data suggests movies and TV shows, celebrities, and two-dimensional entertainment. AdMaster's young people data shows that young people are very interested in TV shows and movies, with the highest figure of 70%, almost double the figure of Animation and Comics. Next in the ranking are music and entertainment shows and electronic gaming. Dominating popularity of blockbuster IP, particularly those about fantasy and school life AdMaster finds that seven out of ten popular dramas were adaptations of works with intellectual property rights. Young people are fond of adaptations of online novels, comics and games, particularly those about fantasy and school life. However, young people are not fascinated with hit dramas such as costume dramas and thrillers. Most fans that are crazy about idols are youngsters; 69% of them are girls. They are more attracted by idols' appearance rather than their acting and singing skills. Among all the well-known QQ bloggers, half of them are "post-90s" (born in the 1990s or afterwards), with the handsome and energetic group "TFboys" topping their ranking. AdMaster's data shows that many young people enjoy watching variety shows that feature competition or role play experience. For dating shows, young people prefer seeing sweet and happy couples than sad couples with conflicts or who are in crisis. As compared with the real world, which is three-dimensional, young people see 2D programs as a way to escape from reality, find inner peace and pursue their dreams. Boys like watching TV programs that are about passions and personal growth, while girls are only fond of programs that are aesthetic. Animation and comics are becoming part of the popular culture of young people -- it used to be in the subculture. Young people now spend lots of time on holidays, summer holiday in particular, watching these programs. With the Internet and smartphones so widely used nowadays, more young people are becoming "mobile phone addicts", who look at their smartphone most of the time. Get up early and stay up late, killing time on social apps AdMaster's data shows that 8.00 am and midnight are the prime times for young people to surf online via their smartphones. The total amount of time they spend online is 27% more than other age groups, up to 95 hours per month. They also turn on as much as 20 apps in their smartphones per month, 17% more than other age groups. QQ, WeChat and Taobao are the must-have smartphone apps for young people. Games, comics, livestreaming and learning apps are well-liked by many of them. AdMaster and Tencent QQ Social Index have cooperated in compiling the data and facts for this paper, giving a comprehensive report for advertisers' reference to their marketing plans for young people. AdMaster monitors and evaluates the effectiveness of advertising on Tencent, helping advertisers to prioritize the allocation of resources and enhance their strategies to advertise on different media. AdMaster is the leading data solution provider specialized in data collection, analysis and management. By using cutting-edge proprietary technology, we create value for businesses by turning big data into smart data and delivering it to them through our software-as-a-service platform, enabling them to make more informed decisions and gain a competitive edge. Our core services include third party digital advertising verification, social media and e-commerce measurement, and data management -- including data obtained from personal computers and mobile devices. http://www.admaster.com.cn/en To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/admaster-and-tencent-qq-jointly-unveil-chinese-young-peoples-attitude-to-brands-media-habits-and-entertainment-according-to-their-activities-on-social-platforms-300413178.html


News Article | February 22, 2017
Site: en.prnasia.com

BANGKOK, Feb. 22, 2017 /PRNewswire/ -- February 21st, 2017 at the APEC Business Advisory Council meetings in Bangkok, Thailand, Diane Wang, Chair of the APEC Women's Forum and Founder and CEO of DHgate, together with executives from Tencent QD announced that the APEC WeConnect program launched at APEC Lima in November, 2016 has officially entered the implementation phase. APEC WeConnect is a new platform that seeks to empower females throughout the APEC region to become entrepreneurs through leveraging digital (see more below), and will officially launch in 2017. The APEC WeConnect project will launch a website in 2017 around which DHgate and Tencent QD will build a digital community that will nurture women to embrace entrepreneurship and inspire them to break through the glass ceiling many women face. The website will feature content that seeks to share, educate, and incentivize. Case studies of successful females will inspire, educational/training resources will make learning available to all, and awards and incentives will motivate women to realize their entrepreneurial dreams. APEC WeConnect will also analyze the problems that females face in starting their own businesses, which are different than the problems that males face when attempting the same endeavors. DHgate and Tencent QD are hopeful that the platform will help break traditional gender roles that hinder the success of many women, and help women to embrace the different channels, tools, and increased transparency brought to them by the digital era to succeed, including: "Full female participation in society and in economic competition is the foundation for economic growth. Digitalization provides a better opportunity and many tools for female entrepreneurs to spread their wings and succeed. This project will help more women to take the first necessary steps to realize their entrepreneurial dreams." - Diane Wang, Chair of the APEC Women's Forum and Founder and CEO of DHgate Diane Wang was accompanied by Tencent QD executive Wang Xiangyu who said: "It's a great pleasure for Tencent to work with DHgate to create and promote this project. As a company that aims to improve the quality of people's lives through the internet, Tencent regards its strategic goal as connecting everyone through our 2 core services which are social media platforms and digital content." DHgate.com is the first to market and the biggest B2B transactional cross-border e-commerce marketplace in China, aiming to provide global buyers with quality products at competitive prices. Founded in 2004, DHgate.com has approximately 10 million global buyers from 230 countries and regions, with 1.4 million global sellers offering 40 million products. DHgate.com's business enables buyers to directly access global manufacturers of the world's top brands with rich product selections. DHgate.com is an all-in-one platform with integrated services for international logistics, cross-border payments, internet financing, etc. DHgate.com's US, UK, Spain, and UAE product distribution warehouses allow for 24 hour delivery and convenient product returns & refunds, bringing great convenience to buyers at http://www.dhgate.com Tencent QD is a subsidiary of Tencent. Tencent QD is a SaaS platform for customer service and customer relationship management with instant messaging as its key feature, which aims to help enterprises to improve the conversion rate of their businesses. Tencent QD integrates Tencent's social media resources so enterprises can easily manage customers across multiple social media platforms and allow businesses to better observe and meet the needs of their clients. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/dhgate-and-tencent-qd-unveil-plan-for-apec-weconnect-women-empowerment-program-300411576.html


News Article | February 22, 2017
Site: www.prnewswire.com

BANGKOK, Feb. 22, 2017 /PRNewswire/ -- February 21st, 2017 at the APEC Business Advisory Council meetings in Bangkok, Thailand, Diane Wang, Chair of the APEC Women's Forum and Founder and CEO of DHgate, together with executives from Tencent QD announced that the APEC WeConnect program...


JoyMe Group, a Beijing-based internet technology company has formed a strategic alliance with Kee Ever Bright Decorative Technology Co., Ltd., a Jiangsu province-based online video game company to launch a RMB3 billion (about US$360 million) video game M&A fund. The first phase of the fund, tentatively set at RMB1 billion (about US$140 million) will focus on the investment of video games distribution, production, development, eSports, and other industries which lie in line with the development strategy of the two investment partners. In 2016, the video game market in China was estimated to worth RMB165 billion (about US$24 billion), in addition to an emerging trend in merger and acquisition, recording a total of US$28 billion transaction value in the same year. This can be seen looking at Tencent Holdings Ltd’s US$8.6 billion acquisition of Finland-based mobile game development company Supercell and Youzu Interactive’s €80 million acquisition of German game business Bigpoint, among some. “The global video games industry has a history of over 50 years, and China’s gaming market has its own three eras whereby, in the beginning, companies like Sdo and The9 only aim to become the proxy of a good product. Later, a new batch of companies emerged which set research and development at its core. Today, the situation has transitioned to that of Tencent and Netease, whereby internationalisation becomes the driving force of most gaming companies,” said Chen Yang, the CEO and Group Chairman of JoyMe. “Hence, it is time for us to launch a buyout fund targeting the international market. As comparing China to other countries, we are lacking in terms of technology and creativity although China’s game industry market has an edge in its user base, paying capacity as well as commercial capacity of Chinese companies which can leverage global attention. In this case, we intend to acquire the best foreign products and talents back to China,” said Chen Yang. Founded in 2011 by Chen Yang, a former lead producer at U.S.-based Electronic Arts Inc. The company previously raised a RMB130 million (about US$18 million) series B round from Fosun Kinzon Capital and Bluerun Ventures. It later raised an undisclosed amount of series C round from online video platform Youku Tudou and Beijing-based game developer Ourpalm. Prior to the establishment of investment funds, the Group has formed a North American branch and which was joined by former Lucas Entertainment CEO Jack Sorensen and other senior players. In this retrospect, Chen Yang said that compared to other teams, their team’s advantage lies in understanding the North American market, “our team in the international large-scale game companies who have a lot of executives, including myself is the case.” Speaking on the future of the group for the game industry layout, Chen Yang said, “We will not acquire studios at their early stages, as though their game content development may be creative, at the same time, there are still many uncertainties. Moreover, this fund sets out to be an M&A fund instead of being a VC, hence game companies model which has not been proven in the market will not be included in our investment scope.”

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