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HONG KONG SAR - Media OutReach Newswire - 14 May 2024 - Ms. Cecilia Chang, Chief Executive Officer of Generali Hong Kong, has been selected as one of the outstanding global leaders in the prestigious "Global 100" for 2024, a comprehensive roundup that highlights the best in the industry, by Insurance Business. The 'Global 100' list is a hallmark of excellence, featuring individuals who not only excel in their roles but also contribute significantly to the advancement of the industry. Cecilia Chang has emerged as one of the distinguished contributors to the industry. Ms. Cecilia Chang, Chief Executive Officer of Generali Hong Kong, said, "I am deeply honored to have been selected as one of the 'Global 100' global leaders by Insurance Business, as the CEO of Generali Hong Kong. Leading Generali Hong Kong, we demonstrate our ambition to be a Lifetime Partner to our customers - a commitment I hold with great pride. This accolade is a reflection of our bold vision and the successful strategies we have implemented to stand out in a competitive field. I am proud of what we have achieved together and excited for the journey ahead as we continue to navigate the dynamic landscape of the insurance industry." Mr. Chris Sweeney, Managing Editor for Special Reports at Insurance Business, shared his insights on the selection process, stating, "It was inspiring to see so many talented and driven professionals operating in the industry from across the globe. Cecilia fully deserves this honour for being a high achiever, driving growth and innovation along with leading the insurance industry into a new era." The Insurance Business Global 100 list features outstanding professionals who are making a positive difference and helping drive change across the industry. Now in its fifth year, this formidable list of the biggest names in insurance was put together by Insurance Business, leveraging its unique position as a true global publication and reaching six different markets – the US, Canada, Australia, New Zealand, Asia-Pacific and the UK. Hashtag: #GeneraliThe issuer is solely responsible for the content of this announcement.Generali Hong KongIn 1981, Assicurazioni Generali S.p.A. was first registered as an authorised insurer in Hong Kong, with the business extending into the life insurance sector in 2016 with Generali Life (Hong Kong) Limited. With a combination of local knowledge and Generali Group's global expertise, we develop unique and innovative life insurance, general insurance, specialty insurance, and employee benefits solutions to meet the needs of our customers. Generali Group Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 82.5 billion in 2023. With around 82,000 employees serving 70 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali's strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society.
BEIJING, May 14, 2024 /PRNewswire/ -- A report from People's Daily: Since the Industrial Revolution in the 18th century, the continuous development of productivity and economic globalization has led to the accelerated flow of production factors worldwide. As a result, the distribution of manufacturing capacity in different countries and regions has been constantly changing, forming a dynamic global pattern of production capacity. This is an objective phenomenon determined by economic laws under market economy, which requires a science-based and rational understanding. The global production landscape is a result of economic globalization. Under open market economy, an international division of labor has been formed due to the comparative advantages of countries. Through international trade, they share the benefits brought about by this division of labor and specialization. This is the inherent logic behind economic globalization and free trade. For example, according to a report by the Semiconductor Industry Association of the United States, semiconductor companies headquartered in the United States reported total sales of $275 billion in 2022, accounting for 48 percent of the global market. In the $180.5 billion semiconductor market in China, American companies held a share of 53.4 percent. Another example is Japanese carmaker Toyota. The company sold nearly 10.31 million vehicles worldwide in the 2023 fiscal year, and nearly 8.78 million were sold outside Japan. This situation, where production capacity exceeds domestic market demand in a country, is not "overcapacity" as claimed. Instead, it is a natural phenomenon of international division of labor and specialization based on comparative advantages during the process of economic globalization. It is one of the manifestations of market mechanisms. The global production landscape is a result of the law of value. In market competition, capacity with higher production efficiency can obtain higher profits by offering lower prices, thereby eliminating capacity with lower efficiency. In this process, the coexistence of efficient and inefficient capacity is not indicative of overcapacity, but rather a necessary stage for the law of value to take effect. For instance, with technological advancements and the growing popularity of green development concepts, new energy vehicles are gradually replacing traditional fuel-powered cars. According to the International Energy Agency's "Global Electric Vehicle (EV) Outlook 2024" report, global EV sales reached nearly 14 million units in 2023, accounting for 18 percent of the total. It is projected that by 2030, 1/3 of cars running on Chinese roads will be electric, while the proportion in the United States and the European Union is expected to approach 1/5. Given the global trend of new energy vehicle development, the supply-demand gap in the global new energy vehicle industry is widening, indicating that efficient capacity is not in surplus but rather insufficient. Therefore, it is the market that should determine, in the global context, which industries have overcapacity and identify surplus capacity. Excluding competition under the pretext of "overcapacity" goes against the fundamental principles and rules of a market economy and fails to meet the requirements of the law of value. It will inevitably lead to monopolies, inefficiency, and stagnation, which are detrimental to the long-term development of any country. The global production landscape is a result of economic laws and technological innovation. Regions with active innovation and rapid technological progress tend to have a greater variety of production capacities and faster capacity upgrades. Competition, mergers, and acquisitions among capacities with different technological levels and routes are inevitable in this process. The rise of China's new energy vehicle industry can be attributed to the overall innovation in energy drive systems such as batteries and motors, which is driven by green and low-carbon development. This innovation has led to the concentration of high-quality global new energy capacities in China. Last year, over half of the Tesla vehicles delivered worldwide were produced by the company's Shanghai Gigafactory. International companies such as Bosch, Magna, and BASF have also expanded their research and development investments in the Chinese market. The overall innovation and rise of China's new energy vehicle industry not only meet the demands of the Chinese market, but also bridge the global supply-demand gap in the industry and contribute to green development. Hildegard Muller, president of the German Association of the Automotive Industry, believes that the development of the Chinese EV industry and the vitality of the Chinese market are beneficial to the global automotive industry. As the world's largest manufacturing country and the largest exporter of goods, China is witnessing the rise of numerous emerging industries and enterprises, as well as a constant push for innovation and competition driven by technological advancements. This showcases the country's economic vitality and creativity, rather than excessive investment and overcapacity. The global realignment of production capacity driven by market forces will continue to progress despite setbacks. In recent years, some countries have pursued "decoupling" and implemented measures such as "small yard, high fence," "friend-shoring," and "capacity backup" for political purposes. These actions have resulted in excessive duplication of production and global overcapacity. Such anti-globalization actions that exclude competition and violate the principles of market economy, have raised global production costs, reduced economic efficiency, and harmed the welfare of global consumers and the interests of related industries. Faced with the continued growth and development of China's manufacturing industry, the correct and positive approach should be to engage in open and fair competition with Chinese companies, while also seeking opportunities for cooperation and mutual progress. Openness brings progress, while seclusion leads to backwardness. This is an important lesson that China has learned from its history over the past two centuries, and it will continue to be tested in the new century.
SHANGHAI, May 14, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ: AIXI) ("Xiao-I" or the "Company"), a leading artificial intelligence company, is proud to announce the public beta version of DIF (Daily Invest Focus), an innovative product set to revolutionize individual investing. With its slogan "maximize your market moves," DIF represents a groundbreaking advancement in stock market analysis. DIF's primary mission is to provide individual investors with market analysis and insights on par with professional investors, empowering them to make more informed investment decisions. DIF integrates advanced artificial intelligence technology to deliver timely and in-depth market insights to individual investors. Through its three core modules — MarketVibe, DeepDive, and QuickDive — DIF offers users a comprehensive suite of tailored market analysis services based on their investment needs. For the MarketVibe Module, the flagship product "WallStreetBets Daily Digest" provides an in-depth analysis of the latest trends in the WallStreetBets community. Users gain access to price dynamics of the top 7 stocks, market sentiment, and summaries of important discussion threads. The DeepDive Module offers tailored and detailed industry analysis services that help users understand industry trends and discover potential investment opportunities. The QuickDive Module provides flexible research tools for users who need quick market overviews. It enables users to swiftly grasp market dynamics and make timely investment decisions. DIF leverages cutting-edge multi-Agent technology to optimize model output through Agentic Workflow, thereby significantly enhancing the accuracy and efficiency of analysis. The utilization of this advanced technology ensures that the DIF platform can promptly adapt to market changes and deliver real-time, in-depth analysis. Offering rapid, in-depth, and easily understandable market analysis, DIF stands out in the financial landscape. Investors receive daily market trend analysis and investment insights through the "WallStreetBets Daily Digest." The platform's capabilities are further enhanced by the introduction of the DeepDive and QuickDive modules, which ensure equal market participation opportunities for individual investors. By delivering profound insights and robust data analysis, DIF seeks to redefine the boundaries of individual investing. Individual investors are encouraged to access DIF for advanced, professional-grade market analysis. Detailed insights and comprehensive data assist in making informed investment decisions. Registration and further information of the public beta are now available at https://dif.xiaoi.plus/login to all users. Join the community of investors who prioritize precision and informed strategy in their financial planning. About Xiao-I Corporation Xiao-I Corporation is a leading cognitive intelligence company in China that offers a diverse range of business solutions and services in artificial intelligence, covering natural language processing, voice and image recognition, machine learning, and affective computing. Since its inception in 2001, the Company has developed an extensive portfolio of cognitive intelligence technologies that are highly suitable and have been applied to a wide variety of business cases. Xiao-I powers its cognitive intelligence products and services with its cutting-edge, proprietary AI technologies to enable and promote industrial digitization, intelligent upgrading, and transformation. For more information, please visit: www.xiaoi.com. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's ability to achieve its goals and strategies, the Company's future business development and plans for future business development, including its financial conditions and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, fluctuations in general economic and business conditions in China, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission ("SEC"). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, including under the section entitled "Risk Factors" in its annual report on Form 20-F filed with the SEC on April 30, 2024, as well as its current reports on Form 6-K and other filings, all of which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
SEOUL, South Korea, May 14, 2024 /PRNewswire/ -- CGBio, a leading medical device company, announced a significant clinical results demonstrating a 100% interbody fusion success rate at 52 weeks for its innovative bone substitutes, "Novosis" and "Excelos Inject," which have been published in the 'Journal of Clinical Medicine'. These results not only highlight the efficacy of the products but also demonstrate their potential for entry into the U.S. healthcare market. Novosis, a ceramic bone graft that closely mimics the structure of human cancellous bone, and Excelos Inject, a mineralized bone graft designed to enhance bone formation and improve moldability, have been approved in Korea. Both products are developed as bone graft materials with high rates of bone fusion and serve as effective delivery systems for the controlled release of recombinant human bone morphogenetic proteins (rhBMP-2, produced by Daewoong Pharmaceutical Co., Ltd). The study, led by Prof. Jae-Hwan Cho of Asan Medical Center in Seoul and Prof. Ji-Won Kwon of Severance Hospital in Gangnam, investigated the effectiveness of Novosis in transforaminal lumbar interbody fusion (TLIF) surgery. The product, which contains human recombinant bone morphogenetic protein-2 (rhBMP-2), was shown to significantly increase fusion rates, which are critical to the success of lumbar surgery. The clinical trial, which ran from April 2021 to December 2023, included 30 patients with degenerative lumbar spine disease. The results showed a fusion rate of 83.87% at six months post-operatively and 100% at one-year follow-up, and remained stable through year two. Patients also showed significant improvements in quality of life, back and leg pain as assessed by the Oswestry Disability Index, SF-36 Health Survey, and visual analog scale. (https://doi.org/10.3390/jcm13061733) "The results of this study demonstrate that the bone substitute product manufactured with CGBio's unique technology has been designed to optimize properties for BMP-2 retention and release, allowing it to show excellent effects even with a small amount of bone morphogenetic protein of 0.5 to 1 mg," said Hyun Seung Yu, CEO. "We expect that this result will have a positive impact not only on patients but also on the medical environment and society, and we are one step closer to successfully entering the U.S. market, especially since it is a preliminary result of a product similar in composition to Novosis Putty, which is about to enter the U.S. market, the largest market in the world." CGBio will present these results at the World Spine Congress in Bangkok from May 15-18, 2024. They expect to give surgeons further confidence in the product's potential. With these promising results, CGBio is preparing for a successful U.S. market debut of Novosis Putty, which received Breakthrough Therapy Device designation from the FDA in December. The IDE for the pivotal study of our product is expected to receive FDA approval later this year, which will increase the confidence of U.S. clinicians participating in clinical trials and accelerate entry into the U.S. market. About CGBio CGBio began with the mission of 'Pursuing the Improvement of Quality of Life,' specializing in the production and sale of therapeutic materials for reconstructing musculoskeletal tissues damaged by diseases. Expanding its scope, the company now also provides materials for the beauty and plastic surgery sectors. Building on biomaterial-based technology, CGBio collaborates with clinical experts to supply essential products for clinical use and products that are convenient for use in clinical settings. More detailed information can be found at (http://www.cgbio.co.kr/en/).
Former finance executive with Alibaba, Amazon, and Credit Suisse named MoneyHero’s permanent CFOSINGAPORE - Media OutReach Newswire - 14 May 2024 - MoneyHero Limited (NASDAQ: MNY) ("MoneyHero" or the "Company"), a market-leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, today announced the appointment of Hao Qian as the Company's new permanent Chief Financial Officer ("CFO"), effective immediately. Reporting directly to MoneyHero's Chief Executive Officer ("CEO"), Rohith Murthy, and the Company's Board of Directors, Mr. Qian will be based at MoneyHero's headquarters in Singapore. Mr. Qian brings 17-plus years of diverse financial and leadership experience to MoneyHero. In his role as CFO, Mr. Qian will oversee all the Company's financial systems and teams, including accounting, capital markets, compliance, and investor relations. Additionally, Mr. Qian will play a key role in strategic finance initiatives, including M&A and commercial partnerships. "After conducting a thorough and competitive search process for our next CFO, we ultimately identified Hao as being the clear choice for our Company," said Mr. Murthy. "Hao is a proven finance executive who has worked at globally respected organizations, including APAC-centric businesses and companies that are publicly traded on U.S. exchanges. Having recently listed on the Nasdaq ourselves, it was critical to find the right CFO who not only understands our model, markets, and mission, but also U.S. capital markets. Importantly, Hao has strong experience in scaling businesses and supporting ambitious growth strategies, and I am proud of our team for finding such an ideal candidate. I look forward to working closely together to build the business and drive shareholder value." Mr. Qian joins MoneyHero from Alibaba Group, where he held numerous senior finance positions over his nearly eight years with the global ecommerce giant, including serving as CFO of their Lazada business unit across multiple markets. Prior to Alibaba, Mr. Qian served as a Senior Financial Analyst with Amazon. He started his career with Credit Suisse, where he was a Risk Analyst focused on commodities and later an Assistant Vice President in the global credit products division. Mr. Qian's prestigious educational credentials include a Master of Business Administration from the Sloan School of Management at the Massachusetts Institute of Technology, and a Master of Science (finance) from the Rochester Institute of Technology. He completed his undergraduate degree at Fudan University in Shanghai, China. "I am thrilled to begin my tenure as the next CFO of MoneyHero," said Mr. Qian. "This is a dynamic company with an exceptional leadership team, a supportive Board of Directors, strong growth drivers, and powerful access to capital. The business model and plans for expansion are sound, and I am bullish on how we can scale and optimize the Company's financial systems to better support MoneyHero's continued growth and market leadership." In connection with this appointment, Ivan Ho, who had served as the Company's interim CFO since February 8th, will return to his previous role as MoneyHero's Group Finance Director, where he will work closely with Mr. Qian. For more information about MoneyHero, including information for investors and learning about career opportunities, please visit www.MoneyHeroGroup.com. Hashtag: #moneyheroThe issuer is solely responsible for the content of this announcement.About MoneyHero GroupMoneyHero Limited (NASDAQ: MNY), formerly known as Hyphen Group or CompareAsia Group, is a market leader in the online personal finance and digital insurance aggregation and comparison sector in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan, the Philippines, and Malaysia with respective brands for each local market. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, CompareHero, Moneymax, and Seedly, as well as the B2B platform Creatory. MoneyHero currently manages 279 commercial partner relationships and services 8.7 million Monthly Unique Users across its platform for the 12 months ended December 31, 2023. The Company's backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC's digital economy, please visit www.MoneyHeroGroup.com.
SINGAPORE, May 14, 2024 /PRNewswire/ -- Singapore Post (SingPost), a leading postal and eCommerce logistics provider in Asia Pacific, and Lietuvos paštas (Lithuania Post), the largest provider of postal services in Lithuania which connects Baltic region with the world, today announced a joint Memorandum of Understanding (MOU) between both parties to develop mutually beneficial cooperation, and explore opportunities in postal and express delivery sectors. MOU signing ceremony between SingPost and Lithuania Post CEO of Lithuania Post Rolandas Zukas shaking hands with SingPost CEO International Li Yu. Lithuanian Minister of Transport and Communications Marius Skuodis presided over the event. "We envision a future where borders are easily transcended, and our customers enjoy seamless, reliable deliveries across the globe. This MOU signifies a commitment to explore innovative solutions that will benefit our customers, our businesses, and chart new paths of cooperation based on mutual benefit and trust," said Li Yu, CEO, International, SingPost. From left to right: SingPost’s CEO International Li Yu and CEO of Lithuania Post Rolandas Zukas signed an MOU to strengthen collaboration in postal and express delivery. "Collaboration between SingPost and Lithuania Post represents a significant step forward in our commitment to innovation and growth in the global postal industry. We are confident that this MOU synergy will create long-term value for our customers and foster knowledge development and expertise sharing," said Rolandas Zukas, CEO of Lithuania Post. From left to right: SingPost CEO Singapore Shahrin Abdol Salam and SingPost CEO International Li Yu presented a token of appreciation to Lithuanian Minister of Transport and Communications Marius Skuodis and Deputy Minister Agnė Vaiciukevičiūtė at SingPost Centre’s Philatelic Store. The signing ceremony took place in Singapore on 8 May, in the presence of senior representatives from SingPost and Lithuania including Mr Marius Skuodis, Minister of Transport and Communications of the Republic of Lithuania, H.E. Mr Darius Gaidys, Ambassador of the Republic of Lithuania to Singapore and Mr. Rolandas Zukas, CEO Lietuvos pašta (Lithuania Post). The MOU outlines several key areas of collaboration, including: Shared Expertise and Knowledge Exchange: Joint meetings, site visits, and facilitating communication between experts from both postal services to share knowledge in postal development and address any collaboration challenges. Regulatory and Market Insights: Cooperating on understanding postal laws and regulations, universal postal services, market supervision, trade facilitation, and technological innovations. This fosters mutual learning and opens up potential cooperation opportunities. International Advocacy & Support: Strengthening communication and mutual support within the global postal network, the Universal Postal Union (UPU) and relevant international postal organisations to advocate for policies and practices that benefit the wider postal community. E-commerce and Logistics Development: As e-commerce continues to reshape global shipping, the MOU encourages bilateral cooperation, experience exchange, and exploration of new solutions for e-commerce and international parcel flows. The goal is to expand service offerings, enhance service quality, and meet evolving customer needs. About Singapore Post Limited (SingPost) Singapore Post (SingPost) is a leading postal and eCommerce logistics provider in Asia Pacific. The portfolio of businesses spans from national and international postal services to warehousing and fulfilment, international freight forwarding and last mile delivery, serving customers in more than 220 global destinations. Headquartered in Singapore, SingPost has over 4,900 employees, with offices in 13 markets worldwide. Since its inception in 1858, the Group has evolved and innovated to bring about best-in-class integrated logistics solutions and services, making every delivery count for people and planet. www.singpost.com. About Lietuvos Paštas Lietuvos Paštas is a leading provider of postal services in Lithuania, combining a strong business heritage with a focus on modernising its offerings. Customers have access to a diverse range of products and delivery options consisting of continuously expanding network of parcel lockers. Lietuvos paštas has 170 postal outlets and around 440 parcel lockers in Lithuania, also 300 parcel lockers across Latvia and Estonia. >98% of parcels sent via lockers and couriers are delivered next day.
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