National Roadshow Will Stop in Columbus, Arlington, Kansas City, and Other Cities Over the Next Few Months
LOS ANGELES, July 31 (Bernama-GLOBE NEWSWIRE) -- Virgin Hyperloop One (VHO), today launched a first-of-its kind U.S. roadshow to bring its XP-1 hyperloop pod to communities across the United States and start a dialogue about the power of this new form of mass transportation.
“When government and investor delegations come to our test site, seeing the technology makes it real for them. Not everyone can come to the Nevada desert, so we’re bringing our technology to the people – the American people who will be riding this new form of transportation within a decade,” said Jay Walder, CEO of Virgin Hyperloop One.
On May 11, 2017, XP-1 completed the world’s first full-system hyperloop test – what VHO calls its “Kitty Hawk” moment. This was the first time any company had integrated all of the components of a hyperloop including a highly efficient motor, power electronics, magnetic levitation, vacuum pumping systems, and an aerodynamic vehicle as a single unified system. During testing, XP-1 set the full-scale hyperloop speed record of 240 miles per hour on just 550 yards of track.
The national roadshow kicks off as states and cities across the world are competing to be the first to implement hyperloop technology, realizing the significant socio-economic benefits of early adoption. Nine states are exploring the technology and the federal government has created the Non-Traditional and Emerging Transportation Technology (NETT) Council to advance safety and regulatory certification.
The roadshow will give local communities the chance to see first-hand the historic test pod and learn more about their states’ progress in bringing hyperloop to fruition in a matter of years. Below are the scheduled stops along the national roadshow route:
COLUMBUS, OHIO: August 4, 2019
The first stop will be in Columbus, Ohio on Sunday, August 4th. VHO has partnered with The Center of Science and Industry (COSI) and the Mid-Ohio Regional Planning Commission (MORPC) to host a STEM outreach day – featuring the XP-1 vehicle and hyperloop-related, hands-on activities for all ages. The event is free and open to the public from 10:00 AM – 5:00 PM at COSI (333 West Broad St. Columbus, OH 43215).
As part of the Rapid Speed Transportation Initiative, the Mid-Ohio Regional Planning Commission is conducting a feasibility study of hyperloop technology along a Chicago-Columbus-Pittsburgh corridor, followed by components of an environmental impact statement along the same route.
“We’re thrilled to welcome Virgin Hyperloop One CEO Jay Walder and his team to Columbus. Since being named a winner of the Hyperloop One Global Challenge in 2017, we’ve been proud to work with VHO in advancing our ‘Midwest Connect’ corridor,” said William Murdock, executive director of the Mid-Ohio Regional Planning Commission. “Showcasing VHO and the XP-1 pod in Columbus as the first stop on the U.S. roadshow offers the opportunity for our businesses, community leaders, and residents to see the impact this emerging technology could have on the future success of Central Ohio – and the entire Midwest.”
ARLINGTON, TEXAS: August 8 -10, 2019
From Columbus, VHO will head to Arlington, Texas, where they’ve partnered with the Dallas Cowboys and the North Central Texas Council of Governments (NCTCOG) to unveil XP-1 at AT&T Stadium, the 4th largest in the NFL. The vehicle will be viewable during the scheduled stadium tours at AT&T Stadium (1 AT&T Way, Arlington, TX 76011). Make sure to get your tickets here.
The Dallas-Fort Worth region has focused its program on students of all ages interested in careers in science, technology, engineering, and mathematics (STEM). The stadium will be open on August 9th from 2:30 to 4:00 PM for an invitation-only event featuring students from area school districts and other campuses for demonstrations of technologies related to the hyperloop project.
The Dallas-Fort Worth Regional Transportation Council announced their intent to evaluate hyperloop technology in Texas. The agency has begun a hyperloop feasibility study of a Fort Worth to Laredo route and an environmental impact study along a Dallas to Fort Worth corridor, which would include an Arlington station with access to Dallas Fort Worth International Airport.
“Our region is going to gain 3 million new residents within 25 years. In order to handle this mass influx of people, we need to explore projects that will modernize our transportation infrastructure,” said Michael Morris, P.E., Director of Transportation for the North Central Texas Council of Governments. “We are exploring hyperloop as a potential project that would connect millions of Texans faster, safer, and more efficiently.”
KANSAS CITY, KANSAS: September 14, 2019
After a short hiatus, XP-1 will be back on the road. Thanks to the KC Tech Council and Am Law 100 firm Polsinelli, XP-1 will be speeding into the Kansas Speedway during the famed American Royal World Series of Barbecue – the world’s largest barbecue and Kansas City’s biggest party! On September 14th, better known as “Smokin’ Saturday,” XP-1 will be on display alongside other family-friendly programming like live music, BBQ demos, food trucks, a classic car show, and the Cowtown Family Fun Fest. The vehicle will be viewable from starting at 11:00 AM at the Kansas Speedway (400 Speedway Blvd, Kansas City, KS 66111). Tickets can be found here.
Following completion of the first hyperloop feasibility study in the U.S., House Speaker Elijah Haahr announced the formation of the Blue Ribbon Panel headed by Lieutenant Governor Mike Kehoe, which will explore next steps and funding mechanisms for the Missouri Hyperloop project. The panel will report back with recommendations by September 2019.
“On behalf of Greg Kratofil, Jr. of Polsinelli and the KC Tech Council, we are thrilled to welcome the Virgin Hyperloop One XP-1 hyperloop vehicle to our great city of Kansas City,” said Ryan Weber, President of the KC Tech Council. “There has been so much excitement and interest in this technology, and we know the Kansas City tech community and general public will be receptive to the demonstration and learning more details. We encourage the community’s attendance at the American Royal World Series of Barbecue to view this cutting-edge vehicle in person, as we are confident it will play a key role in the future of our transportation.”
Beyond these cities, XP-1 also will be stopping throughout the heartland - at diners, hotels, museums, parks, state houses, and stadiums - to share the progress and promise of hyperloop technology.
This 4,000 mile route across the United States will today take 70 hours driving. With hyperloop, it would take about six.
About Virgin Hyperloop One
Virgin Hyperloop One is the leading hyperloop company launching the first new mode of mass transportation in over 100 years. The company successfully operated a full-scale hyperloop vehicle using electric propulsion and electromagnetic levitation under near-vacuum conditions, realizing a fundamentally new form of transportation that is faster, safer, cheaper, and more sustainable than existing modes. The company is now working with governments, partners, and investors around the world to make hyperloop a reality in years, not decades. They currently have projects underway in Missouri, Texas, Colorado, North Carolina, the Midwest, India, KSA, and the UAE. Learn more about Virgin Hyperloop One’s technology, vision, and ongoing projects here.
Media Assets
To download high-resolution route maps and visuals of VHO technology, please click here.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f65ae916-191c-47a1-9bae-174a5171d944
Media Contact
Nicole Kolinsky
BerlinRosen
hyperloop@berlinrosen.com
+1-646-263-1527
Source: Virgin Hyperloop One
--BERNAMA
Wednesday 31 July 2019
Announced: adoption rates on world´s first e-commerce-centric fast blockchain
KUALA LUMPUR, July 31 (Bernama) -- The aBey Foundation has recently announced the adoption rates of the world’s first e-commerce-centric fast blockchain, following the first anniversary of its public release.
“Since the public launch of aBey on July 30, 2018, we have amassed more than 100,000 active users within the first 12 months of that date. aBey’s growth rate exceeds Bitcoin’s early growth by a factor of more than eight times,” said aBey chief scientist and co-creator, Dr Ciprian Pungila.
Among the major early adopters, aPay Systems, a high-volume online payments processor has chosen the aBey blockchain as the technical under-pinning of its service. With aBey, the company has completed every single transaction in milliseconds.
aBey’s key features include speed, supporting up to 100K transactions per second, refundable transactions and intrinsic lending, including on-the-spot lending with instant compliance checks using Vault Lending Gateways.
A richly-featured WordPress plugin, aBeyWPP, will be released in early 2020, bringing click-to-buy and transaction status functionality to more than 75 million websites.
For more information, visit http://abey.com.
-- BERNAMA
“Since the public launch of aBey on July 30, 2018, we have amassed more than 100,000 active users within the first 12 months of that date. aBey’s growth rate exceeds Bitcoin’s early growth by a factor of more than eight times,” said aBey chief scientist and co-creator, Dr Ciprian Pungila.
Among the major early adopters, aPay Systems, a high-volume online payments processor has chosen the aBey blockchain as the technical under-pinning of its service. With aBey, the company has completed every single transaction in milliseconds.
aBey’s key features include speed, supporting up to 100K transactions per second, refundable transactions and intrinsic lending, including on-the-spot lending with instant compliance checks using Vault Lending Gateways.
A richly-featured WordPress plugin, aBeyWPP, will be released in early 2020, bringing click-to-buy and transaction status functionality to more than 75 million websites.
For more information, visit http://abey.com.
-- BERNAMA
152 MALAYSIANS PUT COUNTRY ON THE MAP AS THEY ARE NAMED GLOBAL TOP ACCA PRIZE WINNERS
· Abdurrahman Apandi is the highest ranked CAT Management Accounting student in the world having scored 100% in his exam
KUALA LUMPUR, July 19 (Bernama) -- There was elation in the air as the discipline, dedication and tenacity shown by 152 Malaysian students in preparing for their ACCA (the Association of Chartered Certified Accountants) examinations were rewarded when they were named prizewinners at the ACCA Malaysia Top Achievers Ceremony. This celebratory event recognised outstanding students for the achievements in the 2017, 2018 and March 2019 examinations.
Students from diverse background and education system who are pursuing this internationally recognised professional qualification have not only excelled and obtained the highest scores in Malaysia but also across the world. Top international scorers from Malaysia were bestowed the award as “Global Prizewinners” at this event as they surpassed the achievements of fellow ACCA students from 179 countries.
Of the winners, 117 are from ACCA learning providers. Among the group of Global Prizewinners, one student in particular shone brightest when he scored a perfect 100% for the ACCA Certified Accounting Technician (CAT) Management Accounting (MA 1) paper. Abdurrahman Apandi, aged 19, a Yayasan Peneraju-Perbadanan Nasional Berhad scholar who is currently pursuing the ACCA Qualification at INTEC Education College (INTEC), has once again put Malaysia on the map as a country with high calibre and outstanding accounting talents the world needs.
His fellow INTEC coursemate, 23 year old Nur Amira binti Arifin also did the country proud by becoming the No.1 scorer in Malaysia and fourth in the world for the Strategic Business Leader (SBL) paper. SBL is one of two new papers ACCA introduced last year as part of its efforts to future proof it’s accreditation and groom top global leaders by incorporating strategic business thinking module into its qualifications.
“ACCA has been a great support to my professional development. I appreciate the different opportunities to learn and network with professionals that help keep me intact with the industry” said Tiffany Tan, a former student from Sunway TES who is currently completing her postgraduate degree in Australia. She was named the No.1 Top Affiliate in Malaysia and second in the world for the December 2017 examinations. Tan Lin Fang, 21, who was also a student from Sunway TES received recognition as bronze Top Affiliate in the recent March 2019 examinations.
ACCA Malaysia Country Head, Edward Ling said, “Obtaining the ACCA qualification is by no means an easy feat. It takes a certain amount of verve, commitment, and determination for one to become an ACCA graduate. Not only have these students accomplished this, they have done so with distinction on a global scale. Adding on to that, I am very proud to share that today, ACCA has more than 36,000 outstanding students pursuing our professional qualification in Malaysia.”
Meanwhile, ACCA President, Robert Stenhouse echoed these sentiments, “Our prizewinners today are reaching even higher, beyond the already tough standards we set for our scholars. These students have gained results of special merit and in doing so, placed Malaysia high up in the quality of accounting students. I am proud of them; ACCA Malaysia is proud of them; and ACCA globally is proud of them. They bring great credit to our profession, and I am sure that they will advance and achieve great things.”
In addition to celebrating its students, the event also acknowledged the critical role that ACCA’s 22 Approved Learning Partners (ALPs) and their lecturers play in helping to develop and groom these fine young individuals into top professional accountants who will one day lead economies in Malaysia and beyond.
Sumber: ACCA Malaysia
KUALA LUMPUR, July 19 (Bernama) -- There was elation in the air as the discipline, dedication and tenacity shown by 152 Malaysian students in preparing for their ACCA (the Association of Chartered Certified Accountants) examinations were rewarded when they were named prizewinners at the ACCA Malaysia Top Achievers Ceremony. This celebratory event recognised outstanding students for the achievements in the 2017, 2018 and March 2019 examinations.
Students from diverse background and education system who are pursuing this internationally recognised professional qualification have not only excelled and obtained the highest scores in Malaysia but also across the world. Top international scorers from Malaysia were bestowed the award as “Global Prizewinners” at this event as they surpassed the achievements of fellow ACCA students from 179 countries.
Of the winners, 117 are from ACCA learning providers. Among the group of Global Prizewinners, one student in particular shone brightest when he scored a perfect 100% for the ACCA Certified Accounting Technician (CAT) Management Accounting (MA 1) paper. Abdurrahman Apandi, aged 19, a Yayasan Peneraju-Perbadanan Nasional Berhad scholar who is currently pursuing the ACCA Qualification at INTEC Education College (INTEC), has once again put Malaysia on the map as a country with high calibre and outstanding accounting talents the world needs.
His fellow INTEC coursemate, 23 year old Nur Amira binti Arifin also did the country proud by becoming the No.1 scorer in Malaysia and fourth in the world for the Strategic Business Leader (SBL) paper. SBL is one of two new papers ACCA introduced last year as part of its efforts to future proof it’s accreditation and groom top global leaders by incorporating strategic business thinking module into its qualifications.
“ACCA has been a great support to my professional development. I appreciate the different opportunities to learn and network with professionals that help keep me intact with the industry” said Tiffany Tan, a former student from Sunway TES who is currently completing her postgraduate degree in Australia. She was named the No.1 Top Affiliate in Malaysia and second in the world for the December 2017 examinations. Tan Lin Fang, 21, who was also a student from Sunway TES received recognition as bronze Top Affiliate in the recent March 2019 examinations.
ACCA Malaysia Country Head, Edward Ling said, “Obtaining the ACCA qualification is by no means an easy feat. It takes a certain amount of verve, commitment, and determination for one to become an ACCA graduate. Not only have these students accomplished this, they have done so with distinction on a global scale. Adding on to that, I am very proud to share that today, ACCA has more than 36,000 outstanding students pursuing our professional qualification in Malaysia.”
Meanwhile, ACCA President, Robert Stenhouse echoed these sentiments, “Our prizewinners today are reaching even higher, beyond the already tough standards we set for our scholars. These students have gained results of special merit and in doing so, placed Malaysia high up in the quality of accounting students. I am proud of them; ACCA Malaysia is proud of them; and ACCA globally is proud of them. They bring great credit to our profession, and I am sure that they will advance and achieve great things.”
In addition to celebrating its students, the event also acknowledged the critical role that ACCA’s 22 Approved Learning Partners (ALPs) and their lecturers play in helping to develop and groom these fine young individuals into top professional accountants who will one day lead economies in Malaysia and beyond.
Sumber: ACCA Malaysia
Monday 29 July 2019
ONLINE MUSLIM MENTAL HEALTH COMPANY THERAPYLINE THAT AIMS TO NORMALIZE MENTAL HEALTH SERVICES IN THE MUSLIM WORLD LAUNCHES IN THE UK, AUSTRALIA AND NEW ZEALAND THIS WEEK.
LONDON, July 29 (Bernama-GLOBE NEWSWIRE) -- TherapyLine, the online mobile mental health company for Muslims, launches in three new markets today, UK, Australia and New Zealand, as part of a larger plan to provide professional Counseling to as many Muslims across the world as possible. Originally launched in Canada, TherapyLine provides unlimited counseling from professionally licensed Muslim counselors via direct messaging through the Therapyline.org website for about $179 usd per month.
“Currently about 2.3 million Muslims live in the United Kingdom, over 600,000 live in Australia and about 50,000 thousand live in New Zealand so that is about 3 million more Muslims we can now reach that might not have tried to seek mental health before,” says Faisal Khan, Founder and CEO of TherapyLine. TherapyLine is looking at the UK as an entrance way to provide Therapy to Muslims in Europe as well as part of their longer term plan to go worldwide.
The topic of Mental health, which is usually not discussed between Muslims or publicly at Islamic institutions, is something TherapyLine aims to change and normalize in addition to the access to professional mental health services in the Muslim world. “Most Muslims tend to keep mental distress to themselves or occasionally confide in an Imam,” Says Co-founder and Director of Outreach, Asim Ibrahim. “We need them to know that they have a place they can go now to get anonymous help that is accessible and affordable,” says Ibrahim.
Faisalkhan@therapyline.org
734 407 9626
www.therapyline.org
Source: Therapyline Technologies Inc.
--BERNAMA
“Currently about 2.3 million Muslims live in the United Kingdom, over 600,000 live in Australia and about 50,000 thousand live in New Zealand so that is about 3 million more Muslims we can now reach that might not have tried to seek mental health before,” says Faisal Khan, Founder and CEO of TherapyLine. TherapyLine is looking at the UK as an entrance way to provide Therapy to Muslims in Europe as well as part of their longer term plan to go worldwide.
The topic of Mental health, which is usually not discussed between Muslims or publicly at Islamic institutions, is something TherapyLine aims to change and normalize in addition to the access to professional mental health services in the Muslim world. “Most Muslims tend to keep mental distress to themselves or occasionally confide in an Imam,” Says Co-founder and Director of Outreach, Asim Ibrahim. “We need them to know that they have a place they can go now to get anonymous help that is accessible and affordable,” says Ibrahim.
Faisalkhan@therapyline.org
734 407 9626
www.therapyline.org
Source: Therapyline Technologies Inc.
--BERNAMA
Madison Realty Capital records US$1.3 billion in financing, note purchases
KUALA LUMPUR, July 29 (Bernama) -- Madison Realty Capital (MRC), a New York City-based real estate private equity firm has closed over US$1.3 billion in financing and note purchases year-to-date in 2019. (US$1 = RM4.12)
The nationwide transactions, between US$21.4 million and US$314 million, touched all major asset classes and included deals across New York, New Jersey, Texas, Florida, California and Massachusetts, according to a statement.
“Our national expansion is well underway as our lending programmes continue to attract premier sponsors in major markets across the United States.,” said MRC co-founder and managing principal, Josh Zegen.
“We are very pleased with a very robust first half of 2019 and we believe our rare combination of expertise, speed and certainty of execution will contribute to even greater success in the second half of this year.”
Among the 2019 highlights include US$314 million construction loan on the Raffles Boston Back Bay Hotel & Residences; US$225 million construction loan on The Residences at Mandarin Oriental, Boca Raton; and, US$138 million financing package for a mixed-use development at 300 West 122nd Street in the West Harlem neighborhood of Manhattan.
MRC’s debt investment platform focuses on originating senior-secured loans, mezzanine loans and preferred equity investments in the middle-market as well as performing note purchases and acquiring non-performing loans.
-- BERNAMA
Friday 26 July 2019
FUSIONEX TECHNOLOGY PLATFORM GIVES WINGS TO FPX #MYCYBERSALE 2019
KUALA LUMPUR, Malaysia, July 25 (Bernama-BUSINESS WIRE) -- Multi-award-winning, leading technology solutions provider Fusionex was chosen as the Pinnacle Technology Partner for the biggest online sale in Malaysia – FPX #MYCYBERSALE 2019. Fusionex technology will help this sixth annual sale to take flight and fulfill its ambitions of boosting e-commerce regionally with a #MYCYBERSALE ASIA event.
This year’s sale is going beyond borders and targeting Asian economies including Taiwan, Thailand, Indonesia, and Singapore. With Taiwan joining as the first Regional Partner, a #MYCYBERSALE ASIA event will be held in Taiwan concurrently with the FPX #MYCYBERSALE 2019 event in Malaysia from September 27 to October 3.
FPX #MYCYBERSALE 2019 offers a wide variety of products that are up for grabs with exclusive deals that shoppers can only get during this sale. The event is organized by the National Technology Association of Malaysia (PIKOM) and supported by the Malaysia Digital Economy Corporation (MDEC). The event this year also includes Title Partner PayNet, operator of FPX, an online payments provider.
This year, #MYCYBERSALE forecasts revenue of RM500 million, with export revenue forecasted at RM80 million. In turn, it hopes to attract around 1,500 registered participants with at least 750 exporting to 40 overseas markets. The event is an initiative to catalyze the growth of the national e-commerce industry, increase domestic e-commerce revenue, and accelerate the adoption of e-commerce among merchants.
Fusionex Founder and Group CEO Dato’ Seri Ivan Teh said: “We are excited to be playing a part in making FPX #MYCYBERSALE 2019 and the first ever #MYCYBERSALE ASIA a great success. We hope merchants will leverage on this robust, flexible, and easy-to-use platform, to reach more customers and boost sales. The #MYCYBERSALE events, championed by PIKOM and supported by MDEC, will benefit businesses immensely, especially with today’s increase in competition and tech-savvy consumers. It is our hope that Fusionex’s technology platform, via #MYCYBERSALE will be a stepping stone for business to succeed in the e-commerce space.”
About Fusionex
Fusionex is an established multi-award winning data technology provider specializing in Analytics, Big Data, IR 4.0, Machine Learning, and Artificial Intelligence. Its offerings are focused on helping clients unlock value and derive insights from data. Featured on Forbes, Bloomberg, Gartner, IDC, Forrester, Edison and Huffington Post, Fusionex is the largest Big Data Analytics company and market leader in ASEAN, bringing state-of-the-art, innovative and breakthrough data-driven platforms to its stable of clientele (including Fortune 500, FTSE companies, large conglomerates as well as a wide array of small and medium enterprises (SMEs)) that spans across the United States, Europe as well as Asia Pacific. Fusionex is also an MDEC GAIN company as well as an MGS recipient.
Gartner’s 2018 report on Modern Analytics and Business Intelligence shortlisted and commended Fusionex’s data technology platform. In addition, Fusionex has been as identified as a Major Player in IDC’s MarketScape Report for Big Data & Analytics. Fusionex is the only ASEAN-based company to be featured in both reports, cementing its credentials in the data technology market for this region.
http://mrem.bernama.com/viewsm.php?idm=35075
This year’s sale is going beyond borders and targeting Asian economies including Taiwan, Thailand, Indonesia, and Singapore. With Taiwan joining as the first Regional Partner, a #MYCYBERSALE ASIA event will be held in Taiwan concurrently with the FPX #MYCYBERSALE 2019 event in Malaysia from September 27 to October 3.
FPX #MYCYBERSALE 2019 offers a wide variety of products that are up for grabs with exclusive deals that shoppers can only get during this sale. The event is organized by the National Technology Association of Malaysia (PIKOM) and supported by the Malaysia Digital Economy Corporation (MDEC). The event this year also includes Title Partner PayNet, operator of FPX, an online payments provider.
This year, #MYCYBERSALE forecasts revenue of RM500 million, with export revenue forecasted at RM80 million. In turn, it hopes to attract around 1,500 registered participants with at least 750 exporting to 40 overseas markets. The event is an initiative to catalyze the growth of the national e-commerce industry, increase domestic e-commerce revenue, and accelerate the adoption of e-commerce among merchants.
Fusionex Founder and Group CEO Dato’ Seri Ivan Teh said: “We are excited to be playing a part in making FPX #MYCYBERSALE 2019 and the first ever #MYCYBERSALE ASIA a great success. We hope merchants will leverage on this robust, flexible, and easy-to-use platform, to reach more customers and boost sales. The #MYCYBERSALE events, championed by PIKOM and supported by MDEC, will benefit businesses immensely, especially with today’s increase in competition and tech-savvy consumers. It is our hope that Fusionex’s technology platform, via #MYCYBERSALE will be a stepping stone for business to succeed in the e-commerce space.”
About Fusionex
Fusionex is an established multi-award winning data technology provider specializing in Analytics, Big Data, IR 4.0, Machine Learning, and Artificial Intelligence. Its offerings are focused on helping clients unlock value and derive insights from data. Featured on Forbes, Bloomberg, Gartner, IDC, Forrester, Edison and Huffington Post, Fusionex is the largest Big Data Analytics company and market leader in ASEAN, bringing state-of-the-art, innovative and breakthrough data-driven platforms to its stable of clientele (including Fortune 500, FTSE companies, large conglomerates as well as a wide array of small and medium enterprises (SMEs)) that spans across the United States, Europe as well as Asia Pacific. Fusionex is also an MDEC GAIN company as well as an MGS recipient.
Gartner’s 2018 report on Modern Analytics and Business Intelligence shortlisted and commended Fusionex’s data technology platform. In addition, Fusionex has been as identified as a Major Player in IDC’s MarketScape Report for Big Data & Analytics. Fusionex is the only ASEAN-based company to be featured in both reports, cementing its credentials in the data technology market for this region.
http://mrem.bernama.com/viewsm.php?idm=35075
Thursday 25 July 2019
OKEX DONATES $4.5 MILLION TO FOSTER PERPETUAL SWAP MARKET
VALLETTA, Malta, July 25 (Bernama-GLOBE NEWSWIRE) -- OKEx, a world-leading cryptocurrency exchange, has donated $4.5 million-worth of Bitcoin to its perpetual swap market insurance fund to foster customers’ confidence in trading cryptocurrencies.
Last year, OKEx introduced perpetual swap trading along with the new risk management system which their customers widely benefited from. Since the adoption of the new risk management system, the exchange has recorded zero clawback for the futures and perpetual swap markets, even under extreme volatility. The donation to the perpetual swap insurance fund will now provide an extra layer of protection to the customers, further ensuring that all customers’ interests are safeguarded.
“We strive for developing a healthy trading environment. No clawback has occurred on OKEx perpetual swap since its launch. We introduced a new risk management system to strike a better balance between avoiding early liquidation and maximizing traders’ benefits,” said Andy Cheung, Head of Operations of OKEx. “We believe the $4.5 million donation can give extra confidence for customers trading on our platform. Developing a robust crypto marketplace where everyone can trade freely in a fair manner is something that has always been our mission."
OKEx’s world-leading crypto marketplace serves millions of users globally, offering hedging and arbitrage instruments, such as futures and perpetual swaps, to help traders optimize their trading strategies. With a comprehensive security system, no major security issues, hacks, and asset losses have ever taken place on OKEx.
“Customer satisfaction is the core of our service. The key to delivering the best user experience to our customers is security,” added Andy Cheung. “Our founding members and executives are all tech and internet experts, allowing us to lead in product and technology development. As believers in Bitcoin and blockchain, we are dedicated to bringing more positive changes to the existing financial system, bridging the traditional and crypto markets with our technologies.”
Please stay tuned to OKEx’s Press Room and Twitter for latest updates.
About OKEx
OKEx is a world-leading digital asset exchange headquartered in Malta, offering comprehensive digital asset trading services including fiat-to-token trading, spot trading, futures trading, and perpetual swap trading to traders globally with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimize their strategies.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/44976272-2390-48f8-974a-3bd991292751
media@okex.com
Source: OKEx
--BERNAMA
Last year, OKEx introduced perpetual swap trading along with the new risk management system which their customers widely benefited from. Since the adoption of the new risk management system, the exchange has recorded zero clawback for the futures and perpetual swap markets, even under extreme volatility. The donation to the perpetual swap insurance fund will now provide an extra layer of protection to the customers, further ensuring that all customers’ interests are safeguarded.
“We strive for developing a healthy trading environment. No clawback has occurred on OKEx perpetual swap since its launch. We introduced a new risk management system to strike a better balance between avoiding early liquidation and maximizing traders’ benefits,” said Andy Cheung, Head of Operations of OKEx. “We believe the $4.5 million donation can give extra confidence for customers trading on our platform. Developing a robust crypto marketplace where everyone can trade freely in a fair manner is something that has always been our mission."
OKEx’s world-leading crypto marketplace serves millions of users globally, offering hedging and arbitrage instruments, such as futures and perpetual swaps, to help traders optimize their trading strategies. With a comprehensive security system, no major security issues, hacks, and asset losses have ever taken place on OKEx.
“Customer satisfaction is the core of our service. The key to delivering the best user experience to our customers is security,” added Andy Cheung. “Our founding members and executives are all tech and internet experts, allowing us to lead in product and technology development. As believers in Bitcoin and blockchain, we are dedicated to bringing more positive changes to the existing financial system, bridging the traditional and crypto markets with our technologies.”
Please stay tuned to OKEx’s Press Room and Twitter for latest updates.
About OKEx
OKEx is a world-leading digital asset exchange headquartered in Malta, offering comprehensive digital asset trading services including fiat-to-token trading, spot trading, futures trading, and perpetual swap trading to traders globally with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimize their strategies.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/44976272-2390-48f8-974a-3bd991292751
media@okex.com
Source: OKEx
--BERNAMA
Come September, MRO Asia-Pacific and AeroEngines Asia-Pacific take off in Singapore
KUALA LUMPUR, July 25 (Bernama) -- The three-day MRO Asia-Pacific and AeroEngines Asia-Pacific, a conference and exhibition for the Maintenance Repair and Overhaul industry will be held, beginning Sept 24, at the Singapore Convention and Expo Centre.
Organised by Aviation Week Network, the event targets key decision makers, airline buyers and industry leaders with currently more than 5,000 registered attendees, according to a statement.
The event will offer peer-to-peer learning with case studies, proven methodologies and realistic approaches, as well as an open platform for OEMs, airlines, MROs, suppliers and buyers to build contacts and exchange ideas.
The conference portion will include separate tracks for MRO and AeroEngines, with both featuring industry leaders providing valuable insights on maintenance, engines, digital solutions, new technology and supply chain.
Among the event’s highlights include Comprehensive Forecast Analysis (panel discussion), Engine Aftermarket Analysis and Trends, New Wave of Digital Solutions and MRO Data Analytics for Intelligent Decision Making.
Aviation Week Network is the largest multimedia information and services provider for the global aviation, aerospace, and defence industries, serving 1.7 million professionals worldwide. For more information, contact https://mroasia.aviationweek.com.
-- BERNAMA
-- BERNAMA
Virgin Hyperloop One to build world´s longest hyperloop test track in Saudi Arabia
KUALA LUMPUR, July 23 (Bernama) -- Virgin Hyperloop One recently announced a development partnership with Saudi Arabia’s Economic City Authority (ECA) to conduct a study to build the world’s longest test and certification hyperloop track.
The world’s only hyperloop company to successfully test its hyperloop technology at scale will also build a research and development centre, as well as hyperloop manufacturing facility in north Jeddah.
The study will focus on the King Abdullah Economic City (KAEC), located 100km north of the Red Sea port of Jeddah.
The project will include a 35km test and certification track and create opportunities for the development of specific hyperloop technologies and develop local expertise in Saudi Arabia.
The study will also facilitate the development of localised hyperloop supply chains and acceleration of innovation clusters across the Kingdom.
Secretary-General, Mohanud A. Helal said: “Having hyperloop at KAEC is going to act as catalyst for a Saudi Silicon Valley effect and galvanise our software development, high technology research and manufacturing industries.”
Virgin Hyperloop One chief executive officer, Jay Walder said a hyperloop system could enable Saudi Arabia to become a global transportation powerhouse, nurture the nation’s innovation and entrepreneurial culture, and grow an innovative knowledge workforce.
The company’s technology features depressurised tubes that carry on-demand passenger or cargo ‘pods’ at speeds of up to 1,080km per hour.
With speeds three times faster than high-speed rail and on-demand, direct to destination experience, hyperloop technology can reduce journey time across Saudi Arabia.
-- BERNAMA
Wednesday 24 July 2019
AMINVESTMENT WON TOP HONOURS AT THE ASSET TRIPLE A ISLAMIC FINANCE AWARDS 2019
KUALA LUMPUR, July 24 (Bernama) -- AmInvestment Bank Berhad (“AmInvestment Bank”) receives further recognition from The Asset as they won six awards at The Asset Triple A Islamic Finance Awards 2019. The awards were presented at the Four Seasons Hotel in Kuala Lumpur on Thursday, 4 July 2019.
The full list of awards won by AmInvestment Bank is as follows:
1. Best Islamic Loan Adviser
2. Best Structured Finance Sukuk
MBSB Bank Berhad’s RM2.295 billion structured covered Sukuk facility
Our roles: Joint Solicitation Agent, Joint Principal Adviser, Joint Lead Arranger and Joint Lead Manager
3. Best Government-Guaranteed Sukuk
Pengurusan Air SPV Bhd’s RM2.1 million Government-Guaranteed Sukuk issuance
Our role: Joint Lead Manager
4. Best Corporate Hybrid Sukuk
Yinson TMC Sdn Bhd’s RM950 million perpetual sukuk issuance
Our roles: Joint Principal Adviser, Joint Lead Arranger, Joint Lead Manager and Joint Shariah Adviser.
5. Best Local Currency Sukuk
Cagamas Berhad’s RM1.5 billion Sukuk issuance
Our role: Joint Lead Manager
6. Best Islamic Project Finance Deal
DanaInfra Nasional Berhad’s RM2.5 billion Government-Guaranteed Sukuk issuance
Our role: Joint Lead Manager
Commenting on the awards, Seohan Soo, Chief Executive Officer, AmInvestment Bank said,”We thank our clients for their continued trust in AmInvestment Bank and we share these awards with them. These awards will spur us on to continue delivering customised and innovative investment banking solutions for our clients.”
“We’re delighted to be recognised once again by The Asset with six accolades that celebrate our position as a leading investment organization and underline our investment expertise. These achievements demonstrate our continuous commitment to provide the best investment solutions to our corporate, sovereign and institutional clients,” said Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group.
About AmBank Group
AMMB Holdings Berhad is the holding company of AmBank Group and has been listed on the Main Market of Bursa Malaysia since 1988. It is the sixth-largest banking group by assets in Malaysia, with a market capitalisation of around RM13.7 billion and assets of RM158.8 billion as at 31 March 2019.
AmBank Group is one of Malaysia’s premier financial solutions groups with over 43 years of experience in supporting Malaysians in their economic development. AmBank Group offers a wide range of both conventional and Islamic financial solutions and services, including wholesale banking, retail banking, investment banking, underwriting of general insurance, life assurance and takaful, stock and share broking, futures broking, investment advisory and management services in assets, real estate investment trust and unit trusts.
The Australia and New Zealand Banking Group (ANZ) is the biggest shareholder in the AmBank Group with a 23.8% holding and provides support with Board, risk and financial governance, product offerings and new business developments. In the general insurance business, the Group has partnered with Insurance Australia Group Ltd (IAG). In the life assurance and family takaful businesses, the Group has a partnership with MetLife International Holdings Inc (MetLife). The Group benefits in terms of expertise transfer from IAG and MetLife.
For more information, please visit www.ambankgroup.com
The full list of awards won by AmInvestment Bank is as follows:
1. Best Islamic Loan Adviser
2. Best Structured Finance Sukuk
MBSB Bank Berhad’s RM2.295 billion structured covered Sukuk facility
Our roles: Joint Solicitation Agent, Joint Principal Adviser, Joint Lead Arranger and Joint Lead Manager
3. Best Government-Guaranteed Sukuk
Pengurusan Air SPV Bhd’s RM2.1 million Government-Guaranteed Sukuk issuance
Our role: Joint Lead Manager
4. Best Corporate Hybrid Sukuk
Yinson TMC Sdn Bhd’s RM950 million perpetual sukuk issuance
Our roles: Joint Principal Adviser, Joint Lead Arranger, Joint Lead Manager and Joint Shariah Adviser.
5. Best Local Currency Sukuk
Cagamas Berhad’s RM1.5 billion Sukuk issuance
Our role: Joint Lead Manager
6. Best Islamic Project Finance Deal
DanaInfra Nasional Berhad’s RM2.5 billion Government-Guaranteed Sukuk issuance
Our role: Joint Lead Manager
Commenting on the awards, Seohan Soo, Chief Executive Officer, AmInvestment Bank said,”We thank our clients for their continued trust in AmInvestment Bank and we share these awards with them. These awards will spur us on to continue delivering customised and innovative investment banking solutions for our clients.”
“We’re delighted to be recognised once again by The Asset with six accolades that celebrate our position as a leading investment organization and underline our investment expertise. These achievements demonstrate our continuous commitment to provide the best investment solutions to our corporate, sovereign and institutional clients,” said Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group.
About AmBank Group
AMMB Holdings Berhad is the holding company of AmBank Group and has been listed on the Main Market of Bursa Malaysia since 1988. It is the sixth-largest banking group by assets in Malaysia, with a market capitalisation of around RM13.7 billion and assets of RM158.8 billion as at 31 March 2019.
AmBank Group is one of Malaysia’s premier financial solutions groups with over 43 years of experience in supporting Malaysians in their economic development. AmBank Group offers a wide range of both conventional and Islamic financial solutions and services, including wholesale banking, retail banking, investment banking, underwriting of general insurance, life assurance and takaful, stock and share broking, futures broking, investment advisory and management services in assets, real estate investment trust and unit trusts.
The Australia and New Zealand Banking Group (ANZ) is the biggest shareholder in the AmBank Group with a 23.8% holding and provides support with Board, risk and financial governance, product offerings and new business developments. In the general insurance business, the Group has partnered with Insurance Australia Group Ltd (IAG). In the life assurance and family takaful businesses, the Group has a partnership with MetLife International Holdings Inc (MetLife). The Group benefits in terms of expertise transfer from IAG and MetLife.
For more information, please visit www.ambankgroup.com
THERAPYLINE, THE CULTURALLY SENSITIVE ONLINE THERAPY SERVICE FOR MUSLIMS LAUNCHES IN THE UNITED STATES TODAY
DETROIT, July 24 (Bernama-GLOBE NEWSWIRE) -- TherapyLine enters the United States market today to help bring online professional Therapy to the more than 3.4 million Muslims that currently live in the country. TherapyLine is an online platform which launched in Canada a few months back that provides unlimited anonymous direct messaging therapy from professionally licensed Muslim counselors. Users can go to the site, sign up, choose a therapist then pay a monthly fee of $179 per month to receive therapy for depression, anxiety, addiction, marriage counseling etc from a Muslim Counselor all month long by text via the TherapyLine website www.therapyline.org.
The United States is the first market TherapyLine enters outside of Canada and is a market that TherapyLine plans on expanding in quickly, “This is a very important market for us and although a majority of Muslims live in large metropolitan areas there are a good number of those that live in remote places where there are very little Muslims with little to no chance to be able to see a Muslim counselor,” says Founder and former fortune 500 financial analyst Faisal Khan.
Depression has been on the rise in the Muslim world over the past 10 years only to be exasperated by the 2016 elections in the US and rising xenophobia world wide. In 2016, 60% of Muslims reported some sort of discrimination based on religion which was more than every other religious group in the United States and data from Basit and Hamid shows that 43% of Muslims suffer from adjustment disorder which has lead many Muslims to seek some sort of mental support. Hotlines manned by Muslim volunteers throughout North America receive thousands of calls per year but many times are overwhelmed providing Mental Health for Muslims and Islamic Counseling which shows just how many Muslims are looking for help.
Although there are many who need help, there is also a reluctancy for Muslims to actually go and seek mental help due to the stigma attached to seeing a counselor. “Muslim Mental Health is something that is rarely addressed in the Muslim world and even considered taboo but is very important. Connecting with a Licensed Therapist who can relate to the unique circumstances, religious and cultural beliefs that only a Muslim can understand is a very important aspect of this service, that coupled with anonymity and you open up Therapy to many Muslims who would not have sought it before,” says Khan.
The first State TherapyLine will enter is Michigan than there are plans to expand to New York, Illinois and Minnesota.
Faisalkhan@therapyline.org
734 407 9626
www.therapyline.org
Source: Therapyline Technologies Inc.
--BERNAMA
The United States is the first market TherapyLine enters outside of Canada and is a market that TherapyLine plans on expanding in quickly, “This is a very important market for us and although a majority of Muslims live in large metropolitan areas there are a good number of those that live in remote places where there are very little Muslims with little to no chance to be able to see a Muslim counselor,” says Founder and former fortune 500 financial analyst Faisal Khan.
Depression has been on the rise in the Muslim world over the past 10 years only to be exasperated by the 2016 elections in the US and rising xenophobia world wide. In 2016, 60% of Muslims reported some sort of discrimination based on religion which was more than every other religious group in the United States and data from Basit and Hamid shows that 43% of Muslims suffer from adjustment disorder which has lead many Muslims to seek some sort of mental support. Hotlines manned by Muslim volunteers throughout North America receive thousands of calls per year but many times are overwhelmed providing Mental Health for Muslims and Islamic Counseling which shows just how many Muslims are looking for help.
Although there are many who need help, there is also a reluctancy for Muslims to actually go and seek mental help due to the stigma attached to seeing a counselor. “Muslim Mental Health is something that is rarely addressed in the Muslim world and even considered taboo but is very important. Connecting with a Licensed Therapist who can relate to the unique circumstances, religious and cultural beliefs that only a Muslim can understand is a very important aspect of this service, that coupled with anonymity and you open up Therapy to many Muslims who would not have sought it before,” says Khan.
The first State TherapyLine will enter is Michigan than there are plans to expand to New York, Illinois and Minnesota.
Faisalkhan@therapyline.org
734 407 9626
www.therapyline.org
Source: Therapyline Technologies Inc.
--BERNAMA
ALIBABA.COM OPENS PLATFORM TO EMPOWER U.S. SMALL BUSINESSES TO SELL TO THE WORLD
Leading Global B2B Ecommerce Platform Introducing New Seller Enablement Functions, Including U.S.-to-U.S. Transactions, New Ecosystem Participants, and a Nationwide Tour of “Build Up” Events to Help Small Businesses Go Live
NEW YORK, July 24 (Bernama-BUSINESS WIRE) -- Alibaba.com, one of the world’s largest B2B ecommerce marketplaces and a business unit of Alibaba Group (NYSE: BABA), today opened its platform to empower U.S. businesses to sell their products to millions of Alibaba.com buyers in the U.S. and around the globe. Now, the nearly 30 million Small and Medium-sized Businesses (SMBs) in the U.S.– especially manufacturers, wholesalers and distributors – can better access the $23.9 trillion global B2B ecommerce market, an opportunity that is six times larger than the global B2C ecommerce market.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190723005345/en/
The company is also unveiling an enhanced ecosystem of participants. These include anchor sellers and B2B service providers who share Alibaba.com’s mission to make it easier for SMBs to do business.
To help U.S. SMBs successfully access the $23.9 trillion B2B ecommerce opportunity, Alibaba.com is also co-producing a series of “Build Up” workshops and webinars with local chambers of commerce and B2B organizations across the country, including SCORE, one of the nation’s largest non-profit network of volunteer, expert business mentors.
“Alibaba aims to empower entrepreneurs and help them succeed on their own terms,” said John Caplan, Head of North America B2B at Alibaba Group. “With 10 million active business buyers in over 190 countries and regions, we are reshaping B2B commerce by providing the tools and services needed for U.S. SMB companies to compete and succeed in today’s global marketplace.”
KEY NEW PLATFORM ENHANCEMENTS
Alibaba.com has added key features that enable U.S. SMBs to do business locally (U.S.-to-U.S.) and globally:
NEW YORK, July 24 (Bernama-BUSINESS WIRE) -- Alibaba.com, one of the world’s largest B2B ecommerce marketplaces and a business unit of Alibaba Group (NYSE: BABA), today opened its platform to empower U.S. businesses to sell their products to millions of Alibaba.com buyers in the U.S. and around the globe. Now, the nearly 30 million Small and Medium-sized Businesses (SMBs) in the U.S.– especially manufacturers, wholesalers and distributors – can better access the $23.9 trillion global B2B ecommerce market, an opportunity that is six times larger than the global B2C ecommerce market.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190723005345/en/
The company is also unveiling an enhanced ecosystem of participants. These include anchor sellers and B2B service providers who share Alibaba.com’s mission to make it easier for SMBs to do business.
To help U.S. SMBs successfully access the $23.9 trillion B2B ecommerce opportunity, Alibaba.com is also co-producing a series of “Build Up” workshops and webinars with local chambers of commerce and B2B organizations across the country, including SCORE, one of the nation’s largest non-profit network of volunteer, expert business mentors.
“Alibaba aims to empower entrepreneurs and help them succeed on their own terms,” said John Caplan, Head of North America B2B at Alibaba Group. “With 10 million active business buyers in over 190 countries and regions, we are reshaping B2B commerce by providing the tools and services needed for U.S. SMB companies to compete and succeed in today’s global marketplace.”
KEY NEW PLATFORM ENHANCEMENTS
Alibaba.com has added key features that enable U.S. SMBs to do business locally (U.S.-to-U.S.) and globally:
* On-platform payment will be available for transactions within the U.S – except in New York and Nevada, beginning on July 25 2019.
“We recognized the opportunity to expedite global growth through Alibaba.com early on,” said Evan Gettinger, Co-Founder of Gett Clean, a U.S.- based professional cleaning products manufacturer who has seen a significant uptick in inquiries about its products on the platform. “With the new combination of platform tools available and the addition of major, name-brand sellers, we expect a faster path to our growth targets.”
ALIBABA.COM BUILDS ITS U.S. B2B ECOSYSTEM WITH NEW PARTICIPANTS
Alibaba.com is bringing on a number of brands and organizations that share a passion for supporting SMBs, including major U.S. businesses and service providers.
In March, Alibaba.com announced a strategic collaboration with Office Depot, and today Robinson Fresh, a division of C.H. Robinson, is joining the platform. Both are committed as “Anchor Sellers” to provide extensive product catalogs to meet the expanding interests of the platform’s huge audience of buyers. The participation of Anchor Sellers is intended to bring significant benefits, including generating new buyer interest that occurs when product selection expands.
“We’re proud to expand our strategic collaboration with Alibaba.com,” said Gerry Smith, chief executive officer for Office Depot, Inc. “By becoming an anchor seller, we can reach a larger small business audience and provide them with the products and services they need to compete on a global scale.” Additionally, Alibaba.com customers will now have access to member-exclusive offers, discounts and premium content from an expanding ecosystem of leading business service providers including:
● 71lbs
● BigCommerce
● Indeed
● ShipStation (NASDAQ: STMP)
● Skuvault
● TeamViewer
● Wellbots
● Xometry
NATIONAL TOUR OF LOCAL “BUILD UP” EVENTS TO SUPPORT SMB GROWTH
The first in-person Alibaba.com Build Up event will be held today in Brooklyn at Industry City – a community of innovative industrial and manufacturing businesses – along with co-hosts, the Brooklyn Chamber of Commerce and Industry City. Each Build Up event will provide attendees an in-depth workshop, the opportunity for one-on-one training and consultation from Alibaba.com experts as well as exclusive discounts, incentives, and support from the ecosystem of brands and organizations.
The Brooklyn Build Up will be closely followed by events in Los Angeles on July 26 with the Los Angeles Chamber of Commerce at California Market Center and Chicago on July 30 with the Illinois Chamber of Commerce at M Hub. Additional Build Ups around the country are planned throughout the year with support from local and national business organizations, including local SCORE chapters, Food Export USA – Northeast, and Food Export Association of the Midwest USA. In addition, Alibaba.com is co-producing digital Build Up content with SCORE.
“Small businesses are the engine of the U.S. economy, but they face challenges,” said Ken Yancey, CEO of SCORE. “SCORE and our network of mentors is excited about helping U.S. businesses learn about the huge opportunity in ecommerce at these physical and virtual Build Up workshops available to communities across the U.S.”
To learn more about the enhanced Alibaba.com platform, new collaborators or to register for a Build Up workshop near you, please visit Alibaba.com/BuildUp.
About Alibaba.com
The first business unit of Alibaba Group, Alibaba.com is a leading platform for global B2B e-commerce that aims to make it easy to do business anywhere. Launched in 1999, Alibaba.com is engaged in services covering all aspects of commerce, including providing businesses with tools that help reach a global audience for their products and helping buyers discover products, find suppliers, and place orders online fast and efficiently. It serves millions of buyers and suppliers from over 190 countries and regions around the world.
About Alibaba Group
Alibaba Group’s (NYSE: BABA) mission is to make it easy to do business anywhere and the company aims to achieve sustainable growth for 102 years.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190723005345/en/
Contact
Media Contacts
Alibaba Group
Brion Tingler
brion.tingler@alibaba-inc.com
Alibaba Group
Roger Zhang
roger.zhang@alibaba-inc.com
Source : Alibaba.com
--BERNAMA
“We recognized the opportunity to expedite global growth through Alibaba.com early on,” said Evan Gettinger, Co-Founder of Gett Clean, a U.S.- based professional cleaning products manufacturer who has seen a significant uptick in inquiries about its products on the platform. “With the new combination of platform tools available and the addition of major, name-brand sellers, we expect a faster path to our growth targets.”
ALIBABA.COM BUILDS ITS U.S. B2B ECOSYSTEM WITH NEW PARTICIPANTS
Alibaba.com is bringing on a number of brands and organizations that share a passion for supporting SMBs, including major U.S. businesses and service providers.
In March, Alibaba.com announced a strategic collaboration with Office Depot, and today Robinson Fresh, a division of C.H. Robinson, is joining the platform. Both are committed as “Anchor Sellers” to provide extensive product catalogs to meet the expanding interests of the platform’s huge audience of buyers. The participation of Anchor Sellers is intended to bring significant benefits, including generating new buyer interest that occurs when product selection expands.
“We’re proud to expand our strategic collaboration with Alibaba.com,” said Gerry Smith, chief executive officer for Office Depot, Inc. “By becoming an anchor seller, we can reach a larger small business audience and provide them with the products and services they need to compete on a global scale.” Additionally, Alibaba.com customers will now have access to member-exclusive offers, discounts and premium content from an expanding ecosystem of leading business service providers including:
● 71lbs
● BigCommerce
● Indeed
● ShipStation (NASDAQ: STMP)
● Skuvault
● TeamViewer
● Wellbots
● Xometry
NATIONAL TOUR OF LOCAL “BUILD UP” EVENTS TO SUPPORT SMB GROWTH
The first in-person Alibaba.com Build Up event will be held today in Brooklyn at Industry City – a community of innovative industrial and manufacturing businesses – along with co-hosts, the Brooklyn Chamber of Commerce and Industry City. Each Build Up event will provide attendees an in-depth workshop, the opportunity for one-on-one training and consultation from Alibaba.com experts as well as exclusive discounts, incentives, and support from the ecosystem of brands and organizations.
The Brooklyn Build Up will be closely followed by events in Los Angeles on July 26 with the Los Angeles Chamber of Commerce at California Market Center and Chicago on July 30 with the Illinois Chamber of Commerce at M Hub. Additional Build Ups around the country are planned throughout the year with support from local and national business organizations, including local SCORE chapters, Food Export USA – Northeast, and Food Export Association of the Midwest USA. In addition, Alibaba.com is co-producing digital Build Up content with SCORE.
“Small businesses are the engine of the U.S. economy, but they face challenges,” said Ken Yancey, CEO of SCORE. “SCORE and our network of mentors is excited about helping U.S. businesses learn about the huge opportunity in ecommerce at these physical and virtual Build Up workshops available to communities across the U.S.”
To learn more about the enhanced Alibaba.com platform, new collaborators or to register for a Build Up workshop near you, please visit Alibaba.com/BuildUp.
About Alibaba.com
The first business unit of Alibaba Group, Alibaba.com is a leading platform for global B2B e-commerce that aims to make it easy to do business anywhere. Launched in 1999, Alibaba.com is engaged in services covering all aspects of commerce, including providing businesses with tools that help reach a global audience for their products and helping buyers discover products, find suppliers, and place orders online fast and efficiently. It serves millions of buyers and suppliers from over 190 countries and regions around the world.
About Alibaba Group
Alibaba Group’s (NYSE: BABA) mission is to make it easy to do business anywhere and the company aims to achieve sustainable growth for 102 years.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190723005345/en/
Contact
Media Contacts
Alibaba Group
Brion Tingler
brion.tingler@alibaba-inc.com
Alibaba Group
Roger Zhang
roger.zhang@alibaba-inc.com
Source : Alibaba.com
--BERNAMA
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