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News Article | November 5, 2016
Site: www.prweb.com

“We’ve never seen such an advantageous position for Chinese investors,” said Bril Wang, President of the CPC. “Chinese buyers are taking over 23% of the global M&A. Industries that just became stable in the US are still emerging in China.” “The window of opportunities is still open, the question is whether and when it will close,” said Marcus Cole, professor of Stanford Law School. Forty five investor professionals joined panel discussions, fireside chats on topics of high return investment areas and risk control, future investment trends, and collaborative investment opportunities between the U.S. and China. In terms of highlights from the discussions – Carmen Chang from NEA, one of the most influential venture backers of Uber, shared her insider opinion of the Didi and Uber China merger. James Huang from KPCB looks ahead to further developments in the healthcare industry and the future of China-US cooperation in this field. Patrick Eggen from Qualcomm Ventures, Paulo Pereira from GE, and Tim Merel from Digi-Capital, also vigorously discussed topics including artificial intelligence (AI), virtual-enhanced hybrid reality (VR / AR / MR) and robotics. David Chao, cofounder of DCM predicts a strong relationship between investment trends and demographic distribution. Separately, famous Chinese angel investor Bob Xu gave an opening speech on “The fourth Startup Wave” along with Yihang Yang, Consulate General of the People's Republic of China in San Francisco, who discussed cross border investment growth between US and China; Letitia Chow, representative of Stanford FARM and Bril Wang, president of the CPC. Hans Tung from GGV Capital, Jonathan Qiu from Sky9 and Yong Liu from WI Harper shared their experience on investing in China during the past decade, including on e-commerce, mobile, O2O, fintech and AI. On the second day, Cameron Teitelman from Stanford StartX and Minglan Wang from Zhongguancun Development Group led a discussion on incubator difference between US and China. The conference also included enterprise investment, consumer investment and investment innovation discussions with industry experts like Aymerik Renard from Sandisk Ventures, Zhang Qian from ChinaAMC Fund, Sanjit Singh Dang from Intel Capital, Rashmi Gopinath from Microsoft Ventures, Robert Neivert from 500 Startups, Michael Cohen from SAIC, Michael Daugherty from AngelList, Ran Wang from Qihoo 360 and so on. “State-owned enterprises and public listed companies in China are taking advantage of the current exchange rate, allocating high-quality assets overseas and leveraging domestic growth based on China's huge market,” added Bril Wang, President of the CPC “It makes good sense since in 2016, currency issuance in China is expected to be 13%, and by the end of the year, China's total money supply (M2) will exceed the sum of the U.S. and the EU, reaching 23 trillion US dollars (calculated with current exchange rate). However, the SDR weight of RMB is 10.9% compare to USD 41.7% and EUR 30.9% starting Oct 2016. Current foreign exchange reserve of China is only $3.2 trillion USD. There aren’t enough recognized funds available for Chinese buyers. We do see, however, this condition will change in the long run.” About Cardinal Pitch Club (CPC) Cardinal Pitch Club (CPC) founded by Stanford affiliates in April, 2015, devotes to connecting our network startups with some of the Bay Area’s best recognized VCs. With growing requests from Chinese capital, CPC also helps our startups with exit opportunities like cross border M&A, share acquisition of Pre-IPO companies, e.g. Uber, Airbnb etc.


News Article | December 11, 2015
Site: www.techtimes.com

When German and Chinese automotive powers combine, they can end up beating Silicon Valley's best and brightest. Baidu, often touted as China's Google, has partnered up withBMW to create its first autonomous vehicle. The company reports that it just completed the first successful tests of its driverless car through the streets of Beijing. Using a revamped BMW 3 Series, Baidu's road tests included a complex set of driving instructions while the vehicle had to respond to its surroundings. "Fully autonomous driving under mixed road conditions is universally challenging, with complexity further heightened by Beijing's road conditions and unpredictable driver behavior," says Wang Jing, the SVP of Baidu and General Manager of Baidu's Autonomous Driving Business Unit. Previously, however, Baidu's chief scientist Andrew Ng had a close call in one of the autonomous vehicles. Proving that anything can happen and that it will happen, another vehicle had suddenly swerved in front of the driverless car with Ng in the passenger seat. "I was glad our driver hit the brakes, but then I found out it was the car that did it automatically," Ng said. "If I had been driving, we would have hit the car in front." In its latest successful test drive, Baidu's BMW 3 Series came equipped with software the company calls Baidu AutoBrain. The software serves as the core of Baidu's driverless car technology which makes use of highly automated driving maps, positioning, detection, and smart decision making and control. The technology thus helped the BMW maneuver the 18.6-mile route that began at Baidu's Beijing corporate offices near Zhongguancun Science Park in Haidian District, through to the G7 highway, Fifth Ring Road, Olympic Park, and finally rerouting back to where it began at Baidu's homebase. Along the way, the Baidu's car traversed across side streets, made left and right turns, switched lanes, and overtook other regular cars, even merging onto and off traffic along highways as fast as 62mph. In development since 2013, Baidu joins Google, and Tesla in the race to bring self-driving vehicles to the masses.


News Article | December 15, 2016
Site: en.prnasia.com

BEIJING, Dec. 15, 2016 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications in China, today announced that Dr. Jianfeng He retired from his positions as a member and Chairman of the Board of Directors of the Company (the "Board"). To fill the vacancies, Ms. Li Qiao was elected as a director of the Company and Mr. Baiqing Shao, the current CEO and a director of the Company, was elected as the Chairman of the Board. The Board currently consists of five members, Ms. Li Qiao, Mr. Colin Sung, Ms. Jerry Zhang, Mr. Jianyun Chai and Mr. Baiqing Shao. Dr. He joined Hollysys in 1997, serving the company for about 19 years. He was appointed as Director and Chairman of the Board in 2013. Dr. He stated, "I've decided to retire due to personal reasons. Hollysys has been more than a significant part of my career, which I will always treasure." Dr. He added, "I leave Hollysys with confidence that under the continued leadership of Mr. Baiqing Shao, Hollysys will successfully continue its track record as a leading automation company. I will continuously cheer for every success achieved by Hollysys on the side-line. From my heart, I will always be part of the Hollysys team." "We are pleased to welcome Ms. Qiao back," said Mr. Baiqing Shao, Hollysys' Chairman and Chief Executive Officer. "Her vast experience in managing complex, growing, multi-national businesses will provide Hollysys valuable insight. I also would like to thank Dr. He for his immeasurable contributions to Hollysys. We've been very lucky to work with him over the past years and have significantly benefited from his leadership," Mr. Baiqing Shao continued. "China needs internationally competitive high-tech companies and Hollysys is definitely one of them," said Ms. Qiao. "It is an honor to work with other directors in witnessing the rapid growth of Hollysys and share the great momentum in future." Ms. Qiao is the Chairman of Agriculture Resources Pte Ltd. and the Director of CSIC International Pte Ltd. She served as Chairman of Hollysys from 2007 to 2010 and as Director of Beijing Hollysys Co., Ltd. from 1999 to 2008. Before that, Ms. Qiao had worked in government for more than ten years. She was the Minster of Enterprise Division in Business Administration Committee of The Beijing Municipality Concerning the Experimental Area for Developing New-Technology Industries, and also served as the head of the Zhongguancun Technology Park ("Zhongguancun") Administrative Committee. Ms. Li Qiao participated in setting the Five-year plan of Chinese High-Tech Industrial Area and Zhongguancun High-Tech Development and Industrial Policy. She also participated in organizing and editing "The Regulations of Zhongguancun High-Tech Development Park" which is regarded as the fundamental law of Zhongguancun. Ms. Qiao also has extensive experience in equity investment. She organized twelve industry annual analysis reports and participated in establishing the first Beijing venture capital company, invested and successfully helped a number of companies listed in domestic and abroad. The investment projects that Ms. Qiao has been involved with include biological medicine, high-end equipment manufacturing, new energy, chemical and energy, agriculture, education, integrated circuits, aerospace, fast moving consumer goods, electronic information and other industries. She holds an iEMBA of Science and Technology from Hong Kong University. Hollysys Automation Technologies is a leading provider of automation and control technologies and applications in China that enables its diversified industry and utility customers to improve operating safety, reliability, and efficiency. Founded in 1993, Hollysys has approximately 3,600 employees with nationwide presence in over 60 cities in China, with subsidiaries and offices in Singapore, Malaysia, Dubai, India, and serves over 6,000 customers more than 20,000 projects in the industrial, railway, subway & nuclear industries in China, South-East Asia, and the Middle East. Its proprietary technologies are applied in its industrial automation solution suite including DCS (Distributed Control System), PLC (Programmable Logic Controller), RMIS (Real-time Management Information System), HAMS (HolliAS Asset Management System), OTS (Operator Training System), HolliAS BATCH (Batch Application Package), HolliAS APC Suite (Advanced Process Control Package), SIS (Safety Instrumentation System), high-speed railway signaling system of TCC (Train Control Center), ATP (Automatic Train Protection), Subway Supervisory and Control platform, SCADA (Supervisory Control and Data Acquisition), nuclear power plant automation and control system and other products. This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including statements regarding: the ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Such forward-looking statements, based upon the current beliefs and expectations of Hollysys' management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). 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. For further information, please contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hollysys-automation-technologies-announces-changes-of-directors-300378947.html


Zhou H.,Zhongguancun | Yuan X.,Zhongguancun | Zhao Q.,Zhongguancun | Zhao B.,Zhongguancun | Wang X.,Zhongguancun
European Food Research and Technology | Year: 2013

Microencapsulation was a widely used technique for the unstable materials because the wall prevented the core from contacting with oxygen. To improve the stability of crocetin and maximize the protection afforded by the wall, in the present study, microencapsulation was applied for crocetin by spray-drying the first time with three wall materials (beta-cyclodextrin, gum arabic and maltodextrin). The oxygen transmission barrier was proposed to evaluate the potential gas barrier of these wall materials, and it was measured by the deterioration kinetics of crocetin. To enhance the oxygen transmission barrier of the wall, the major conditions of spray-drying and the storage were investigated. Results showed that the deterioration rate followed the first kinetic model closely. Spray-drying was applicable to microencapsulating crocetin with the microencapsulation efficiency of 77.91-85.03 % under the inlet air temperature 210 °C. The oxygen pressure in the microcapsule was reduced to <0.114 ± 0.005 atm for all the three wall materials. The oxygen transmission barrier of the wall microencapsulated by the three materials was qualified by thermodynamic parameter activation energy (29.436 ± 0.080, 58.813 ± 0.312 and 49.376 ± 0.125 kJ/mol, respectively). Gum arabic was the most suitable agent for microencapsulating crocetin, and a dry environment was preferred for its storage because the low relative humidity was beneficial to the stable structure of the microcapsule. This study would be helpful to the industrial application of crocetin. © 2013 Springer-Verlag Berlin Heidelberg.

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