BEIJING, July 31, 2021 /PRNewswire/ -- New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE: EDU and SEHK: 9901), the largest provider of private educational services in China, today announced that in light of the recent regulatory developments, it will cancel the earnings release for the fourth quarter of fiscal year 2021, as well as the corresponding earnings conference call and live webcast previously scheduled at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing Time) on Tuesday, August 3, 2021. The Company will provide further updates at an appropriate time in the future.

About New Oriental

New Oriental is the largest provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental's program, service and product offerings consist of K-12 after-school tutoring, test preparation, language training for adults, pre-school education, primary and secondary school education, education materials and distribution, online education, and other services. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental's ADSs, each of which represents one common share. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.

For more information about New Oriental, please visit http://www.neworiental.org/english/.

Contacts

For investor and media inquiries, please contact:
Ms. Sisi Zhao
New Oriental Education & Technology Group Inc.
Tel: +86-10-6260-5568
Email: zhaosisi@xdf.cn

Ms. Rita Fong
FTI Consulting
Tel: +852 3768 4548
Email: rita.fong@fticonsulting.com

Related Links :

http://english.neworiental.org

BEIJING, July 31, 2021 /PRNewswire/ -- TAL Education Group ("TAL" or the "Company") (NYSE: TAL), a leading K-12 after-school tutoring services provider in China, today announced that in light of the recent regulatory developments, it will cancel the earning release for the first quarter of fiscal year 2022, as well as the corresponding earnings conference call and live webcast previously scheduled at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing Time) on Thursday, August 5, 2021. The Company will provide further updates at an appropriate time in the future.

About TAL Education Group

TAL Education Group is a leading K-12 after-school tutoring services provider in China. The acronym "TAL" stands for "Tomorrow Advancing Life", which reflects our vision to promote top learning opportunities for Chinese students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive tutoring services to students from pre-school to the twelfth grade through three flexible class formats: small classes, personalized premium services, and online courses. Our tutoring services cover the core academic subjects in China's school curriculum as well as competence oriented programs. The Company's learning center network currently covers 110 cities. We also operate www.jzb.com, a leading online education platform in China. Our ADSs trade on the New York Stock Exchange under the symbol "TAL".

For further information, please contact:

Echo Yan
Investor Relations
TAL Education Group
Tel: +86 10 5292 6658
Email: ir@tal.com

Caroline Straathof
IR Inside
Tel: +31 6 5462 4301
Email: info@irinside.com

Related Links :

http://www.100tal.com/

Led by Optum Ventures and Oxford Sciences Innovation, new funding will propel Rey's launch of a tech-enabled, on-demand mental health clinic in response to growing demand for high-quality care in an increasingly resource constrained market

AUSTIN, Texas, July 31, 2021 /PRNewswire/ -- Rey, a new mental health and wellness company integrating immersive tools and digital interventions with teletherapy, today announced $10 million in new funding, increasing their Series A to a total of $26 million with the round led by Optum Ventures and Oxford Sciences Innovation.

Deepak Gopalakrishna CEO & Founder / Mike Desjadon, Chief Commercial Officer. Photo courtesy of Rey

The new funding will help Rey expand its consumer reach and provide more people with access to care through personalized services and leading-edge technology. Rey will also absorb OxfordVR and bring to market clinically validated virtual reality (VR) and digital treatments for Phobias, Psychosis, Post-Traumatic Stress Disorder, and Social Avoidance.

"Mental and behavioral health care is rapidly becoming destigmatized, which is great. But that means there is a growing need and reliance on providers to provide this care, which may drive up costs," said Mike Desjadon, chief commercial officer of Rey. "Through our innovative digital care approach, we can flip the script and provide more personalized care at an affordable price to treat a variety of mental health needs."

Launched in April 2021, Rey is working to improve mental health and wellness by combining cognitive behavioral therapy, talk therapy, medication, and clinically validated tech tools, such as VR, to care for people in new ways.

OxfordVR, was founded in 2017 by Dr. Daniel Freeman, Professor of Clinical Psychology at Oxford University. Dr. Freeman pioneered the use of VR in severe mental illness for more than two decades and is the senior scientific advisor to Rey for development of new automated therapeutics. Potential future treatments include Obsessive-Compulsive Disorder and Substance Use Disorder.

"With a big focus on the expansion of online mental health services, the challenge now is for companies to meet the demand," said Deepak Gopalakrishna, founder and chief executive officer of Rey. "We're integrating validated and innovative therapeutic tools with well-trained providers to ensure people have access to the high-quality care they need while keeping costs low and preventing provider burnout."

To learn more, visit www.getrey.com.

About Rey

Rey is a membership-based, on-demand mental health company on a mission to revolutionize mental health and wellness by improving access to personalized services through technology. Rey combines proven therapeutic interventions, like cognitive behavioral therapy, with clinically validated tools, like virtual reality, to care for a wide range of member needs in new and novel ways. Powered by OxfordVR, a spin-out of Oxford University and a leader in leveraging technology to deliver proven treatment tools in immersive environments, Rey is arming care teams with the tools they need to bring world-class treatments directly to members' homes. To learn more visit www.getrey.com.

About Optum Ventures

Optum Ventures is the independent venture fund of Optum, a leading information and technology-enabled health services business dedicated to helping make the health system work better for everyone. Optum Ventures invests in digital health companies that use data and insights to help improve consumers' access to health care services and how care is delivered and paid for, and that make the health care system more reliable and easier to navigate. For more information, visit www.optumventures.com.

Oxford Sciences Innovation 

Oxford Sciences Innovation is a science business builder. We build world-changing businesses, bringing Oxford science to the world faster. Since 2015, we have worked with over 200 of Oxford's leading academics to build a portfolio of more than 100 companies, worth over $2 billion, all based on Oxford science, created +1,500 new jobs and added +55,000 square-feet of laboratory and startup space; building on Oxford's renowned research legacy to create a leading science ecosystem. A place where scientific breakthroughs become world-changing businesses. Our portfolio of companies spans four sectors, Life Sciences, Deep Tech, Health Tech and Software & AI, tackling challenges like the diagnosis and treatment of devastating rare diseases and cancer, sustainability, nuclear fusion, quantum computing and cyber-security. For more information, visit www.oxfordsciencesinnovation.com. 

Media Contact:
Meredith Good-Cohn
meredith@oxfordvr.org  
(443) 797-2996

Related Links :

https://getrey.com/

HONG KONG, July 30, 2021 /PRNewswire/ -- Yet another milestone for YAS MicroInsurance, a leading microinsurance innovation company headquartered in Hong Kong presenting 'BUS RYDE', the world's first embedded bus passenger microinsurance by YAS. 'BUS RYDE' is a co-creation as part of a strategic partnership with Assicurazioni Generali S.p.A. ('Generali') and Kowloon Motor Bus Company (1933) Limited ('KMB'). This breakthrough innovation and partnership is a step to embrace and in response to the vision and mission stated in the Hong Kong Smart City Blueprint by the Hong Kong Government.

BUS RYDE is a pioneering microinsurance product that delivers care, convenience and a new imagination on insurance experience to over 4 million Hong Kong daily public bus commuters through technology. Through OpenAPIs and Octopus Transit Card (the largest public transportation smart card in Hong Kong) registration on the YAS app, KMB monthly pass holders can seamlessly redeem a BUS RYDE microinsurance protection. An extra peace of mind to protect their personal belongings with coverage of over US$250 (loss or theft) and an accidental medical expense coverage of up to US$640. Note: Generali is the policy issuer and underwriter.

The birth of "BUS RYDE" also brings a new lens for business corporations and partnerships to unlock tremendous synergy between a multinational corporation with 190 years of history ('Generali'), a 88-year mass transportation company ('KMB') and a 18-month hyper growth insurtech venture ('YAS'). 

'The grand launch of BUS RYDE definitely opens a new chapter for YAS and the insurance industry by connecting and grounding FinTech and InsurTech with the daily lives of the public,' remarked Andy Ann, Co-Founder of YAS. 'As an 18-month-old tech startup, we are very excited and honoured to move forward with more new innovative products in the coming quarters, with our strategic partners, KMB and Generali, each of whom have their expertise, strong base and long history excelling in their own field.'

William Lee, the other Co-Founder of YAS added, 'We believe the launch of BUS RYDE fulfils one of our visions to make our city smarter and safer. As a microinsurance, "BUS RYDE" protection is affordable to all and enables us to be financially inclusive because every moment and every person matters!'

"After Hong Kong, the team is set to embark on a new venture in Southeast Asia and beyond. The experience from partnering with Generali and KMB solidifies our foundation before we bring other microinsurance protection to the region,' said Samson Fong, the Head of Marketing and Partnership at YAS.

About YAS MicroInsurance - Every Moment Matters

YAS is a leading microinsurance and technology company headquartered in Hong Kong with operations in Vietnam and expanding in the Asia Region. Their vision is to enable and embed insurance into the daily moments for everyone, anywhere, anytime and to build a future of insurance that has no wastage, optimized, streamable, sharable and on-demand.

YAS MicroInsurance makes use of innovative technology such as blockchain, Open API, AI, GPS to provide a 21st-century insurance experience to customers. YAS is backed by reputable investors such as 500startups and Beyond Ventures. They have a roadmap coming to Malaysia, Vietnam, India, the Greater Bay Area of Chine and the rest of Asia.

YAS MicroInsurance Website: https://yas.io/

YAS MicroInsurance App:

iOS: https://yasss.info/iOS

Android: https://yasss.info/android

For media Enquiries, please contact：

Foxy Tang | +852 9650 3493 | foxy.tang@yas.io or pr@yas.io

Related Links :

https://yas.io/

The Chinese EV battery company takes another firm step towards 2022 IPO.

BEIJING, July 30, 2021 /PRNewswire/ -- SVOLT Energy Technology Co., Ltd. ("SVOLT"), a leading EV battery manufacturer, held a B Round Financing Transaction Ceremony in Changzhou, Jiangsu on July 28, 2021. Following the completion of A Round Financing of RMB 3.5 billion ($US 538 million) at the end of February this year, the company rapidly closed this third round of market-based equity funding, raising a total amount of RMB 10.28 billion ($US 1.58 billion) in less than five months.

This round of financing was led by Bank of China Group Investment (BOCGI), followed by the Sub-funds of National Fund for Technology Transfer and Commercialization, Country Garden Venture Capital, Shenzhen Capital Group(SCGC), CCB Investment, IDG Capital, Sany, Xiaomi Corporation, Oceanpine Capital, CHINA RENAISSANCE among others. Original shareholders, including SDIC and JZ Capital, significantly increased their holdings.

In his speech at the signing ceremony, Yang Hongxin, the Chairman and CEO of SVOLT, said the subscription atmosphere for this round of funding was extremely enthusiastic. SVOLT has secured 25 sales points from domestic and international mainstream automobile manufacturers, including Great Wall Motors, Geely Automobile, Dongfeng Motor, PSA, SF Motors, ENOVATE, Leap Motor and Hozon Auto. Over 10 models powered by SVOLT's battery system have been announced, including the new model ORA Cherry Cat powered by SVOLT's cobalt-free battery, and will soon be on the market in mass production.

SVOLT has also won a large purchase order of 16 billion yuan from Stellantis (a Peugeot-Citroen Automobile and Fiat-Chrysler Automobiles merger), and successfully entered high-end markets in Europe and the US. The company has large orders and will urgently accelerate construction of new bases in Changzhou, Suining, Huzhou, Ma'anshan, Nanjing and Europe to rapidly expand production capacity. Round B funds will be mainly used for R&D of new technologies and construction of new factories. SVOLT's production capacity is expected to exceed 200GWh in 2025.

According to Mr. Yang, SVOLT has started to build a carbon footprint system spanning the whole life cycle of EV battery, which can meet sustainable development requirements, safety and use of recycled raw materials in the future. Additionally, SVOLT has already started the formulation of peaking carbon dioxide emissions and carbon neutrality targets and roadmaps, and will achieve these in operations and the whole industry chain mainly through energy efficiency improvements, self-built green power, green power procurement, green building, and recycled raw materials to offset carbon moving forward.

About SVOLT

SVOLT is a high-tech enterprise in the global EV battery industry, with seven R&D centers in Japan, South Korea, the US, India, Wuxi, Baoding and Shanghai. Its unique high-speed stacking process, high-safety cobalt-free battery, long-life solid-state battery and automotive-standards AI intelligent manufacturing are at a global leading level. The company has applied for more than 2,400 patents, including 800 invention patents and 50 PCT international patents.

TAIPEI, July 30, 2021 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM) today announced its second-quarter 2021 unaudited financial results.

Comments from Management

In the second quarter of 2021, GigaMedia reported revenues of $1.23 million, with a gross profit $0.63 million, an operating loss of $1.08 million and the net loss of $0.84 million. Total revenues decreased by 15.3% if compared to the previous quarter.

The decrease in revenues was mainly due to seasonality and the dwindling in certain licensed games. While Taiwan experienced an outbreak of the COVID-19 pandemic in mid-May, we managed to minimize the disruption caused to our business operations.

"The first half year of 2021 was indeed tough for us," said GigaMedia CEO James Huang, "but after weathering all these, we have gathered pace and are confident for a brighter second half year."

Second Quarter Overview

• Operating revenues decreased by approximately 15.3% quarter-on-quarter, to $1.23 million from $1.45 million in last quarter, and decreased by 32.9% year-over-year from $1.83 million the same period last year. The decrease was mainly due to seasonality and the slowdown of the upgrades and supports form our licensors affected by the COVID-19 pandemic.
• Gross profit decreased by 20% to $0.63 million from $0.79 million in last quarter, and decreased by 35.3% compared to $0.98 million in the same period last year.
• The net asset value was $4.73 per share.

Unaudited Consolidated Financial Results

GigaMedia Limited is a diversified provider of digital entertainment services. GigaMedia's digital entertainment service business FunTown develops and operates a suite of digital entertainments in Taiwan and Hong Kong, with focus on browser/mobile games and casual games.

Unaudited consolidated results of GigaMedia are summarized in the table below.

For the Second Quarter

Second-Quarter Financial Results

• Consolidated revenues for the second quarter of 2021 decreased by 15.3% quarter-on-quarter to $1.23 million from $1.45 million in last quarter, and by 32.9% year-over-year from $1.83 million the same period last year.
• Consolidated gross profit was $0.63 million, decreased by 20.0% quarter-on-quarter and 35.3% year-over-year.
• Consolidated operating expenses were $1.71 million increased by 1.2% if compared to the first quarter of 2021, and increased by 12.2% if compared to the same period last year.
• Consolidated loss from operation of the second quarter of 2021 was a loss of $1.08 million, increased from a loss of $0.90 million in the first quarter.
• Net loss in the second quarter of 2021 was $0.84 million, decreased from a net loss of $0.87 million in the first quarter.
• Cash, cash equivalents and restricted cash at the end of the second quarter of 2021 amounted to $43.7 million, slightly decreased by 1.8% from $44.4 million as of the end of the first quarter.

Financial Position

GigaMedia maintained its solid financial position, with cash, cash equivalents and restricted cash amounted to $43.7 million, or $3.95 per share, as of June 30, 2021.

Business Outlook

The following forward-looking statements reflect GigaMedia's expectations as of July 30, 2021. Given potential changes in economic conditions and consumer spending, the evolving nature of digital entertainments, and various other risk factors, including those discussed in the Company's 2020 Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission as referenced below, actual results may differ materially.

"In the second half of 2021, we will be committing ourselves to boosting the productivity of our in-house developed casual games, mainly by introducing fast-paced playability, building gamers' sense of community to improve stickiness, and enhancing marketing effectiveness," stated GigaMedia CEO James Huang.

Meanwhile, our management continues evaluating and pursuing prospects of strategic investment opportunities which are with potential to expand our business and create greater shareholder value.

Use of Non-GAAP Measures

To supplement GigaMedia's consolidated financial statements presented in accordance with US GAAP, the Company uses the following measure defined as non-GAAP by the SEC: EBITDA. Management believes that EBITDA (earnings before interest, taxes, depreciation, and amortization) is a useful supplemental measure of performance because it excludes certain non-cash items such as depreciation and amortization and that EBITDA is a measure of performance used by some investors, equity analysts and others to make informed investment decisions. EBITDA is not a recognized earnings measure under GAAP and does not have a standardized meaning. Non-GAAP measures such as EBITDA should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, other financial measures prepared in accordance with GAAP. A limitation of using EBITDA is that it does not include all items that impact the company's net income for the period. Reconciliations to the GAAP equivalents of the non-GAAP financial measures are provided on the attached unaudited financial statements.

About the Numbers in This Release

Quarterly results

All quarterly results referred to in the text, tables and attachments to this release are unaudited. The financial statements from which the financial results reported in this press release are derived have been prepared in accordance with U.S. GAAP, unless otherwise noted as "non-GAAP," and are presented in U.S. dollars.

Q&A

For Q&A regarding the second quarter 2021 performance upon the release, investors may send the questions via email to IR@gigamedia.com.tw, and the responses will be replied individually.

About GigaMedia

Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is a diversified provider of digital entertainment services in Taiwan and Hong Kong. GigaMedia's digital entertainment service business is an innovative leader in Asia with growing capabilities of development, distribution and operation of digital entertainments, as well as platform services for games with a focus on mobile games and casual games. More information on GigaMedia can be obtained from www.gigamedia.com.tw.

The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding expected financial performance (as described without limitation in the "Business Outlook" section and in quotations from management in this press release) and GigaMedia's strategic and operational plans. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, including but not limited to, our ability to license, develop or acquire additional online games that are appealing to users, our ability to retain existing online game players and attract new players, and our ability to launch online games in a timely manner and pursuant to our anticipated schedule. Further information on risks or other factors that could cause results to differ is detailed in GigaMedia's Annual Report on Form 20-F filed in April 2021 and its other filings with the United States Securities and Exchange Commission.

(Tables to follow)

LOS ANGELES, July 30, 2021 /PRNewswire/ -- Transaction was negotiated for IWEB by their Business Development Partners Global Fintech Trading Limited Led by Craig Marshak an experienced Fintech Specialist investment banker who formerly ran a Nomura bank Venture Technology fund in London with considerable success in online gaming, Software and Cybersecurity investments.

Tingo International Holdings, Inc., is the parent company of Tingo Mobile, PLC, a Nigerian limited company. Tingo is a device and a service technology company focused on creating digitally inclusive ecosystems in the AgriTech and FinTech sectors in Africa.

TINGO has posted total revenue figure of $616 million dollars in 2020 and an EBITDA of $220 million dollars (figures based on NGN/USD exchange rate of 360), IWEB is confident that these figures will be exceeded going forwards with expansion and natural upwards progression of the TINGO business

IWEB have agreed to pay $4.00 per share with an issuance of 928 million new shares valuing TINGO at $3.7 Billion USD

Tingo is Nigeria's leading technology and Device as a Service platform aimed at accelerating digital commerce, especially in Agri-Tech & Fin-Tech verticals in Nigeria. Tingo helps farmers acquire mobile phones through a unique mobile phone leasing scheme, connecting them to mobile and data networks through its virtual mobile network and connecting farmers to markets, services, and resources via Nwassa, its digital AgriTech marketplace platform. Beginning in April 2021, Tingo also launched a beta version of Tingo Pay – a B2C FinTech app aimed at providing financial services including mobile wallets, payment processing and access to specialist lenders and insurers to users inside and outside of the agriculture value chain.

Tingo have over 9 million subscribers and has supplied almost 30 million mobile devices since 2014.

About Tingo see www.tingogroup.com

Tingo has four core business drivers:

• Mobile Phone Leasing: Tingo has distributed almost 30 million mobile handsets since 2014 and will continue to replace the devices of its installed customer base every three years.
• Mobile Voice and Data Service: Through a Mobile Virtual Network, Tingo provides its customers with voice and data services.
• Nwassa Platform: Tingo's proprietary AgriTech platform, Nwassa, supports Nigeria's agricultural value chain with market access.
  Tingo processes 500k daily transactions with a value of over $8 million, which provides its installed customer base with access to agricultural markets for their crop. Farmers and cooperatives are also supported with packaging, warehousing, and cargo logistics
  Tingo provides its customers with digital wallet services, which enable them to send and receive domestic payments, monitor cash flow in real time and securely hold money.
  Tingo provides access to other third-party services such as utility bill payment, virtual airtime top-up, insurance services, and alternative lending solutions.
• Tingo Pay: Since the launch of Nwassa platform Tingo has been a dominant player in the B2B FinTech vertical. Tingo has entered the B2C FinTech vertical to extend our B2B play to mass market use cases beyond agriculture.

Market Opportunity

Africa is the second-largest continent by land mass and population. The continent is also the youngest by far, with a median age of 18 years for its 1.3 billion people. Tingo believes the building blocks for growth in Africa's agriculture industry are in place and that Tingo is well positioned in this space to participate in the upside.

Compelling fundamentals

1. Strong demographic potential: Sub-Saharan Africa's population is growing at 2.7% a year, which is more than twice as fast as South Asia (1.2%) and Latin America (0.9%). That means Africa is adding the population of France (or Thailand) every two years. At the current growth rate, the continent's population will double by 2050. The median age across the continent is 18 years, thirteen years younger than the median age in South America the next youngest continent according to the World Bank. Africa's youthfulness represents a significant opportunity for material growth in demand for agricultural commodities. This younger generation is also being born into a "networked" world and is more comfortable using technology to achieve their goals.
2. Improving business conditions: Africa's governments are paying more attention to improving business conditions for entrepreneurs and small businesses on the continent. Sub-Saharan Africa's World Bank Doing Business rank has improved by c.20 points from 45 in 2004 to 65 in 2020. Tingo believe this trend will continue and encourage establishment of more new ventures across all economic sectors including the agriculture industry.
3. Investor appetite remains robust: Africa attracted $407 billion of Foreign Direct Investments between 2014 and 2018 (c.$80 billion per annum on average). Investments are increasingly focused on services and industrial sectors. Only 20% of investments are in extractive industries - a clear reversal from as recently as 2008 when 55% of FDI was aimed at resource extraction, Tingo believes FDI into Africa will help resolve significant infrastructure constraints and position the Agric value chain for value creation.

Nigeria is the largest economy and the most populous country in Africa and is therefore central to the continent's growth story.

Agriculture is central to African lives and livelihoods. 60% of sub-Saharan Africans are small holder farmers and Agriculture accounts for 23% of the region's GDP. In Nigeria, Agriculture employs 66% of the workforce and represents 26% of GDP.

Nigeria's suboptimal agriculture productivity is driven by several factors including broken linkages with demand centres, inefficient capital allocation for purchase of inputs, and underdeveloped and fragmented access to services. Tingo aims to play a key role in resolving each of these issues.

Access to technology: Tingo is a key access point to the digital economy for millions of rural farmers in Nigeria, by providing affordable access to mobile devices and the internet.

Access to markets: Tingo users can connect with vendors and suppliers for affordable access to inputs and services. Tingo also connects farmers with buyers who purchase crops every year.

Access to Financial Services: Through Tingo Pay, its proprietary mobile wallet application, users can execute several transactions. These include credits into the Tingo Pay wallet, and transfers from the Tingo Pay wallet for bill payments and P2P (peer to peer payments). Tingo will continuing to add services to this application to meet customer needs.

Chris Cleverly, President of TINGO INTERNATIONAL HOLDINGS - "TINGO is Africa's largest digital agricultural ecosystem and is a highly successful payment gateway. It is important that we embrace emerging technologies as they are necessary to solve the issues that burden the world such as food security and financial inclusion. We make no secret of our intention to uplist this group, or to use this platform to rapidly build our customer base in Nigeria and other African markets we will roll-out our unique offering. Global Food Security is a significant priority and our unique model will enable that priority and deliver Food Security in Africa, which powered with Coinfield will make us a very compelling proposition"

Anthony Moore, CEO of IWEB - ''It has been noted in recent years the rapid adoption and deployment of Blockchain by the Telecoms Industry and the global announcements almost weekly of the acceptance of Crypto, we feel the marriage of TINGO with Coinfield leads us into perfect position for this natural evolution in Africa. Africa is a Continent that is showing great readiness and willingness to adapt and adopt to new technologies.

With its young demographic, high smartphone penetration, lack of legacy infrastructure Africa has the greatest potential for blockchain and cryptocurrency of any region. Coinfield provides the know-how and has the history to deliver on this. TINGO with an already huge customer base will expand rapidly and will become the dominant digital payment platform in the world's fastest growing economy''

About iWEB

IWEB, Inc., is a technology development and services company, provides coding services in various industries and markets primarily in Thailand. The company focuses on image, audio, web, and security coding technologies. Its technology enables governments and enterprises to imbed or imprint invisible digital identities to media and objects. The company's coding technology provides the means to infuse persistent digital information to computers and digital devices into various forms of media content; and permits smartphones, tablets, industrial scanners, and other computer interfaces to identify relevant data from media content. IWEB has entered a letter of intent to acquire regulated global crypto exchange "Coinfield" which was established 2018, which was announced  as an IWBB Acquisition on 26th July 2021.

IWEB, Inc. Headquartered in Bangkok, Thailand for additional information visit: www.iweb.company

About Global Fintech Trading Limited

A group specialising in Institutional Financial, FinTech and Crypto who are to develop acquisition and investment opportunities in these fields. This is on a Global basis with their international team

See - http://www.globalfintechtrading.com

Safe Harbor Statement: This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934; and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and as such are by definition subject to risks and uncertainties.

Authorized by Fung Hok Wai, President
Contact the company: Fung Hok Wai, President, Email: kevinwai@i-l-a-g.com

Anthony Moore, CEO,  TEL 90-542-332-7666
Investor Relations and Press contact: Alex Lightman in Los Angeles
Email: Alexlightman@me.com

Tingo Mobile Contact: Rory Bowen, Chief of Staff Tingo International Email: rory.bowen@tingogroup.com

Lau's accomplished, diverse experience in financial industry to bolster firm's risk management, compliance capabilities

HONG KONG, July 30, 2021 /PRNewswire/ -- Babel Finance, a leading global cryptocurrency financial services provider, today announced the appointment of Edmond Lau as Chief Financial Officer (CFO). The announcement comes amid the company's rapid global expansion, following the completion of its US$40 million Series A funding round in May this year.

A long-term fintech advocate and established thought leader, Lau brings to the table extensive and diverse experience in the finance industry. His expertise ranges across venture capital investment, start-ups, strategy, and corporate management, with prior senior roles at public and private organizations, and in academia. Following his MBA at London Business School, Lau has held prominent roles at Citigroup (NYSE: C), Foxconn Mobile, and SF-Express, among other leading companies in the UK, Singapore, and the Greater China region.

"Edmond joining will unquestionably further elevate Babel Finance's position as a leader in compliance and strengthen our relationships with regulatory bodies. We look forward to recruiting more talented professionals with rich experience in traditional finance, and to providing increasingly sophisticated crypto asset management services for our institutional clients worldwide," said Flex Yang, CEO of Babel Finance.

"By bringing invaluable expertise in corporate finance, investment, and M&A, Edmond will drive yet more growth and create new opportunities for Babel Finance globally," said Del Wang, co-founder of Babel Finance.

The appointment comes after Babel Finance secured its US$40 million Series A funding round in May of this year. The company is using the funds to attract high-quality talent as well as enhancing the firm's compliance capabilities. Lau will lead the introduction of increasingly sophisticated crypto asset management services, and open new offices in global financial hubs. The funding round was led by Zoo Capital, Sequoia Capital China, Dragonfly Capital, BAI Capital, and Tiger Global Management, with follow-on participation from prior investors.

Amid this expansion, Lau will spearhead future fundraising efforts, oversee M&A activities and new partnerships, and provide strategic input for the company's business and regulatory compliance planning. As a long-term advocate of technological innovation in the financial services industry, Lau will also advance Babel Finance's mission of helping traditional institutions diversify their portfolio with crypto assets.

"I'm delighted to be joining Babel Finance at this exciting time, as the company moves past its initial growth phase and focuses on scaling its business globally. In particular, I'm looking forward to working with regulators, investors, and partners to expand the crypto ecosystem. We'll be developing increasingly sophisticated services to better serve global institutions entering the crypto space," said Lau.

As a recognized fintech proponent, Lau bolsters Babel Finance's increasingly prominent advocacy role in the crypto ecosystem. The company believes that blockchain technologies and cryptocurrencies foster a more inclusive financial system that is universally beneficial and promotes social equity. Lau's strong pedagogical experience and extensive industry network will aid Babel Finance's mission to advance mainstream adoption of crypto finance, to help people manage risks more effectively.

About Babel Finance

Babel Finance is the world's leading comprehensive crypto-financial services provider specialized in serving high-net-worth individual investors and institutional investors who are looking for high-quality professional financial services and customized solutions for crypto assets. As of now, Babel Finance's crypto total assets exceed US$500 million, ranking among the top worldwide.

For more information, please contact
Jeff Zhao, Public Relations Manager, jeff.zhao@bfi.biz
+86-158-1020-9317

BEIJING, July 30, 2021 /PRNewswire/ -- Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH), the operator of Zhihu, a leading online content community in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2021, before the open of the U.S. market on August 16, 2021.

The Company's management will host a conference call on Monday, August 16, 2021 at 8:00 P.M. Beijing Time (8:00 A.M. U.S. Eastern Time) to discuss the quarterly results.

Dial-in details for the earnings conference call are as follows:

Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at https://ir.zhihu.com.

A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until August 23, 2021, by dialing the following telephone numbers:

About Zhihu Inc.

Zhihu Inc. (NYSE:ZH) is the operator of Zhihu, a leading online content community in China, dedicated to empowering people to share knowledge, experience, and insights, and to find their own answers. Zhihu fosters a vibrant online community where users contribute and engage while respecting diversity and valuing constructiveness by promoting a culture of sincerity, expertise, and respect developed through years of cultivation. Zhihu is China's largest Q&A-inspired online community and one of the top five Chinese comprehensive online content communities, both in terms of average mobile monthly average users and revenue in 2020. Zhihu is also recognized as the most trustworthy online content community and widely regarded as offering the highest quality content in China, according to a survey conducted by CIC. For more information, please visit https://ir.zhihu.com.

For investor and media inquiries, please contact: 

In China:
Zhihu Inc.
Email: ir@zhihu.com

The Piacente Group, Inc.
Helen Wu
Tel: +86-10-6508-0677
Email: zhihu@tpg-ir.com

In the United States:
The Piacente Group, Inc.
Brandi Piacente
Phone: +1-212-481-2050
Email: zhihu@tpg-ir.com

Related Links :

https://ir.zhihu.com

HONG KONG, July 30, 2021 /PRNewswire/ -- Doo Financial, an online broker affiliated with Doo Group, has recently established a fully disclosed brokerage relationship with Interactive Brokers, and celebrated with a debut on the Nasdaq in Times Square, New York.

With this relationship, Doo Financial will be facilitating the development and localization of Interactive Brokers' steadfast trading services in China, while Interactive Brokers provides reliable fundamental services to Doo Financial.

Doo Financial, The New Online Broker  

This fully-disclosed brokerage relationship with Interactive Brokers LLC is established by Doo Financial and Peter Elish Investments Securities, a subsidiary of the group based in the US. 

Doo Financial aims to provide professional investors with brokerage services in trading global securities, futures, CFDs, and many other financial products.

With leading financial technology and integrated service advantages, Doo Financial has achieved full efficiency in executing online account opening, deposit, and withdrawal, as well as trades.

Meanwhile, Peter Elish Investments Securities is 30 years old American securities firm wholly-owned by Doo Financial and is regulated by the US Securities and Exchange Commission (SEC) and the US Financial Industry Regulatory Authority (FINRA).

Such achievements enable Doo Financial to provide global investors with a convenient and reliable investment experience, unlocking a window of global financial assets.

By virtue of the fundamental support of Interactive Brokers, Doo Financials' clients can seize global market opportunities by depositing their assets in Interactive Brokers' dedicated custodial account, to trade in the US stock market and enjoy a wider selection of financial products.

For more information regarding the relationship, readers can view it here.

Doo Group's Global Securities Business Map Is Taking Shape

Since its establishment in 2014, Doo Group has been dedicated to providing new trading brokerage services for financial products such as securities, futures, and CFDs to individual and institutional clients around the world, deeply involving fintech as well as innovation, and continuously expanding the global securities market.

This relationship with Interactive Brokers marks an important chapter of Doo Group's global securities business layout and it is a key step taken by Doo Financial towards the international financial markets.

In the future, Doo Group will continue to strive with its affiliates including Doo Clearing, Doo Financial, Doo Prime, and Doo Tech to become a leading global online broker with fintech at its core.