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BEIJING, Sept. 3, 2024 /PRNewswire/ -- The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) will be held in Beijing from Wednesday to Friday. Leaders from China and over 50 African members, as well as representatives from African regional organizations and international organizations, will once again gather in Beijing. This is the fourth time the FOCAC is being held in a form of a summit, and it is also the largest diplomatic event hosted by China in recent years, with the highest attendance of foreign leaders. Over the past few days, African leaders have been arriving in Beijing. Chinese President Xi Jinping on Monday started holding bilateral events with foreign leaders who will attend the 2024 Summit. This also marks the official beginning of the "2024 Summit of the FOCAC time." The theme of this year's summit is "Joining Hands to Advance Modernization and Build a High-Level China-Africa Community with a Shared Future," highlighting the exploration of the path to modernization as a key focus of the summit. China and Africa share a natural advantage in cooperation, stemming from mutual empathy. China is the largest developing country, while Africa has the highest concentration of developing countries. Both have similar historical memories of long-term poverty, weakness, and suffering from aggression, and both aspire to achieve independence, self-determination and justice. Moreover, they both hope to realize modernization and improve the living standards of their people. China is well aware of the challenges and difficulties that African countries face in their development. When it comes to China-Africa cooperation, many Africans share the sentiment that China responds urgently to Africa's needs and addresses Africa's difficulties. In the new era, President Xi proposed the Global Development Initiative, the Global Security Initiative, and the Global Civilization Initiative, which have received broad support from African countries. The historical wheel of the community with a shared future between China and Africa has accelerated. China-Africa cooperation, which initially focused on economy, trade, poverty reduction, and development, has gradually expanded into practical cooperation in various areas such as governance, cultural exchanges, peace and security and public health, achieving leapfrog development. In 2013, President Xi visited Africa, his first official overseas visit after assuming the office of president, emphasizing that China and Africa have always been a community with a shared future. In 2018, President Xi delivered a keynote speech at the opening ceremony of the Beijing Summit of the FOCAC, highlighting the joint efforts to build "an even closer China-Africa community with a shared future in the new era." The practical significance of FOCAC has continued to grow and evolve, demonstrating its comprehensiveness and strategic nature, making it a crucial platform for collective consultation and coordinated action between China and Africa, and a hallmark of international cooperation with Africa. Today, the African continent is at a crucial moment in search of a path and model for modernization. Many African countries' leaders arrived in China days in advance to visit various provinces and cities, aiming to gain a comprehensive understanding of China's modernization process and to engage in targeted high-level cooperation with China. Zimbabwean President Emmerson Mnangagwa's first stop in China was Shenzhen, while Mozambican President Filipe Nyusi chose Shanghai as his first destination. President of the Central Africa Republic Faustin-Archange Touadera visited Chongqing, citing "similar geographical characteristics" between the two regions and expressing his desire to learn how China's inland cities achieve opening-up to the world. On Madagascar's 20,000 Ariary banknote, a Chinese hybrid rice is clearly printed, in order to commemorate Chinese experts who promoted hybrid rice locally and effectively improved the country's self-sufficiency in food. Some African scholars have pointed out that a distinctive feature of China's cooperation with Africa is being "driven by Africa's needs," which has also led to more countries "willing to listen to Africa's voice and establish equal partnerships." The FOCAC has always been based on voluntary and equal principles, dedicated to addressing practical livelihood issues in Africa. This is an important reason why China-Africa cooperation is down-to-earth and vibrant. The exchanges between China and Africa represent an unprecedented new phenomenon in the process of globalization. Two formerly colonized and underdeveloped economies engaging in such extensive and in-depth exchanges and cooperation are gradually becoming a new engine for global development, carrying significant world-historical meaning. In a certain sense, globalization is evolving toward a more inclusive and diverse direction, aligning with the mainstream wishes and needs of the international community. Due to the great success of the FOCAC, many countries have also rushed to establish "Africa+1" cooperation mechanisms. We call on all countries to work together to contribute to Africa's modernization based on fully respecting the will of African countries. We oppose any geopolitical manipulation, welcome and are willing to cooperate with all parties sincerely focused on Africa's development. China's cooperation with Africa is not exclusive, but highly inclusive. In the past, China was a companion of Africa in seeking liberation; in the future, China will also be a fellow traveler of Africa in seeking development. The Third Plenary Session of the 20th Central Committee of the Communist Party of China held in July this year made systematic arrangements for further deepening reform comprehensively and advancing Chinese modernization. It proposes that we should remain committed to the basic state policy of opening up to the outside world and develop new institutions for a higher-standard open economy, which will provide solid guarantees for Chinese modernization and also promote the construction of an open world economy. It's believed that the upcoming 2024 Summit of FOCAC will once again leave a significant mark in the history of civilizational exchanges between China and Africa, injecting new powerful momentum into cooperation in the China-Africa field.
MANILA, Philippines, Sept. 3, 2024 /PRNewswire/ -- BillEase, the leading digital consumer finance platform in the Philippines, today announced TPG's The Rise Fund has signed definitive documentation to lead a significant strategic investment in the company. With the investment, The Rise Fund, the multi-sector strategy of TPG's global impact investing platform, is leading BillEase's Series C Equity Round, with existing investor Burda Principal Investment also participating in the round. In photo (left to right): Georg Steiger (CEO), Huyen Nguyen (COO), Ritche Weekun (Director), and Garret Go (CFO) of BillEase "The partnership with TPG marks a pivotal moment for BillEase and is a testament to the strength of our vision and achievements," said Georg Steiger, CEO of BillEase. "The Rise Fund has built a global track-record of helping socially impactful companies scale and their investment will empower us to not only sustain our strong growth but also expand our product offerings to better serve the underserved and underbanked, enabling more Filipinos to improve their living standards. Nearly 90% of our customers reported an improved ability to manage their finances after using BillEase, and this investment will help us extend that impact to millions more and support our growth as we aim to empower Filipinos to achieve greater financial security. We remain committed to providing financing solutions to the emerging middle class in the Philippines, a country with over 110 million people and supporting its more than 10,000 merchant partners." "Our investment into BillEase aligns with The Rise Fund's pursuit to work with companies that aim to deliver social impact alongside business performance and strong returns," said Chalothorn (Boat) Vashirakovit, Managing Director at TPG. "With our global operations capabilities, deep sector expertise in financial services and thematic focus towards backing innovative businesses that drive greater financial inclusion, we look forward to helping accelerate BillEase's growth and solidifying their position as the leading digital finance app in the market." "In the Philippines, there remains a need among businesses and individuals for greater access to affordable financial products. Only 18.8% of people in the Philippines are reportedly able to borrow money from a formal financial institution or money provider," added Lito Camacho, Senior Advisor for TPG. "BillEase is offering a solution that solves that pain point for many, giving access to flexible payment options in a safe and sustainable way." Burda Principal Investments, the Series B lead investor in BillEase, who is also participating in this round, reaffirmed its commitment to the company's vision and growth trajectory. "BillEase's impressive performance and consistent growth reaffirms our commitment to supporting their journey," said Neil Fong, Managing Director & Head of BPI Asia. "We believe in their ability to execute and continue leading the digital finance sector in the Philippines, and we're proud to back their ongoing success." China International Capital Corporation Limited ("CICC") acted as the exclusive financial advisor to BillEase, providing strategic guidance and support throughout the Series C equity round. "The Philippines is one of the fastest growing economies in Southeast Asia. The young demographic, increasing affluence, and digitally savvy population currently underserved by incumbent financial services provides exciting growth for innovative fintech companies. This investment by a renowned international fund like The Rise Fund is a result of BillEase's mission-driven execution and groundwork built over the years", said Jun Jie Chong, Executive Director of CICC Singapore. About BillEase BillEase is a leading consumer finance app in the Philippines. The company leverages machine learning and AI to build financial products while mixing traditional global best practices in credit underwriting to meet the needs of its customers. BillEase offers personal loans, e-wallet top-ups, prepaid load, gaming credits, bill payment, and a unique buy now, pay later (BNPL) that offers competitive interest rates and deals from over 10,000 merchants and over 600,000 QRPh-accepting merchants. For more information, visit https://billease.ph/. About TPG Rise Fund The Rise Funds are a core pillar of TPG Rise, TPG's global impact investing platform. Founded in 2016, The Rise Funds invest behind impact entrepreneurs and growth-stage, high potential, mission-driven companies that are focused on achieving the United Nations' Sustainable Development Goals. The Rise Funds deliver capabilities and expertise across a wide variety of sectors and countries at scale, focusing on opportunities in climate and conservation, education, food and agriculture, financial inclusion, healthcare, and impact services. With approximately $19 billion in assets across The Rise Funds, TPG Rise Climate, and the Evercare Health Fund, the TPG Rise platform is one of the world's largest private markets impact investing platforms committed to achieving measurable, positive social and environmental outcomes alongside competitive financial returns. About Burda Principal Investments Burda Principal Investments (BPI) provides long term growth equity for fast growing and scalable technology companies. BPI is a division of Hubert Burda Media which is one of Europe's largest media and technology conglomerates with a strong investment track record in internet-centric businesses since 1998. In the past, Hubert Burda Media has invested in Internet platforms such as Etsy, Zooplus, and HolidayCheck. At BPI, we have been partners of visionary entrepreneurs, leveraging Burda's capital, brands and sector expertise, particularly in the areas of business expansion, internationalization, and localization. BPI is invested in a portfolio of highly successful and fast-growing companies in Europe, the US, and Asia including Nord Security, Vinted, Aleph Alpha, Bloom & Wild, Moneybox, Skillshare, Expel, Carsome, BillEase, and many more.
KUITUN, China, Sept. 2, 2024 /PRNewswire/ -- On August 30, the ninth Big Plate Food Culture Festival kicked off in the Cultural Square of Shawan City. To ensure reliable power supply during the food festival, the Party member service team of State Grid Kuitun Power Supply Company took early actions and organized the "five in place" of safety, technology, vehicles, materials, and personnel to help the food event be held smoothly. At the site of this Big Plate Food Culture Festival, there are agricultural and sideline product exhibition areas and an event of a hundred people eating big plate chicken. Tourists from all over are invited to taste delicious food and experience local customs. Facing this power protection task, the company carried out infrared temperature measurement and hidden danger inspection on the power supply lines and equipment involved in the activity in advance, and conducted safety inspections on the power supply equipment at the event site. All power protection links are carried out in an orderly manner. In view of the characteristics of many power supply points for stage facilities and equipment at the event site, detailed inspections were carried out on the stage lighting and sound wiring conditions. The company assisted the event organizer in handling four hidden dangers such as poor contact and loose plugs to minimize the occurrence rate of failures. In the next step, the company will continue to provide power services, take the initiative to assume social responsibilities, and help the development of local cultural tourism industry with high-quality and reliable power supply services, and jointly draw a beautiful picture of rural revitalization.
DEZHOU, China, Sept. 1, 2024 /PRNewswire/ -- The power supply company has provided me with great help, ensuring timely delivery every day. We can enjoy high-quality service through our district manager if we have any electricity problems, "said Wang Pingping, a merchant at the Zhengjiazhai live streaming base in Lingcheng District, Dezhou City, Shandong Province on August 28th. Since the beginning of this year, Zhengjiazhai Town in Lingcheng District, Dezhou City, Shandong Province has integrated town resources, explored diversified development paths, and made every effort to build a town brand. State Grid Dezhou Lingcheng District Power Supply Company has provided full service, proposing two guarantee measures of high voltage quality standards and high power supply reliability requirements, which have helped activate the "one pool of spring water" for the development of village collective economy, achieved multi-point industrial development, and opened up a new path for wealth and income increase. Based on characteristic products and market demand, the Party Committee and Government of Zhengjiazhai Town have integrated Kangshen Animal Husbandry Co., Ltd.'s "Kangshen Fresh Beef", "Handmade Beef Roll Candy", "Freshly Brewed Yogurt", and the persimmon Ruyi Party Building Joint Vegetable Planting Base to create the town's characteristic agricultural products, creating the "Juyou Zhengjiazhai" agricultural product brand. A "Regional Brand Display Zone" has been set up in the Red Magnetic Field Party Building Joint E-commerce Incubation Base, creating a live broadcast room "online market" and expanding sales channels. Build an e-commerce live streaming sales platform, open live streaming sales and beef sales through traditional e-commerce platforms and emerging live streaming platforms, with an annual net zero of 5.5 million yuan. Relying on the Red Magnetic Field Party Building Alliance Party Mass Service Center, we will create incubation bases, build e-commerce live streaming training rooms, invite professional teachers to conduct live streaming e-commerce training courses, focus on talent incubation, and cultivate 28 small and medium-sized live streaming practitioners. The power supply company not only helped us solve our electricity problem, but also dispatched personnel to voluntarily assist us in live streaming sales, providing a way out for our agricultural product sales. Now we can start a business without leaving our homes, "said Wang Yuexin, the person in charge of Zhengjiazhai Town's e-commerce live streaming base. State Grid Dezhou Lingcheng District Power Supply Company has made efforts in voltage quality, power supply reliability, and power supply services, relying on digital technology to support the steady development of the e-commerce industry. To comprehensively understand the electricity needs of e-commerce enterprises, help customers solve electricity problems, and prepare for safe and stable electricity use in e-commerce. Since the beginning of the year, the company has organized staff to visit the town's e-commerce live streaming base and communicate with the person in charge of the town government's live streaming base on power supply service needs such as safe electricity use and electricity business. They have timely grasped the current situation and needs of the enterprise's electricity use, and tailored energy efficiency service improvement plans for the enterprise based on the actual situation of customers. At the same time, in response to the shortage of excellent live streaming talents, the power supply company has selected and trained relevant personnel to voluntarily assist the live streaming base in live streaming sales, enhance the market competitiveness of the assisted live streaming base, and help the town government sell characteristic agricultural products to all parts of the country.
SINGAPORE, Aug. 30, 2024 /PRNewswire/ -- Bracell, a member of the RGE group of companies, recently launched a new TV documentary titled "Engineering Challenges: The Mill of the Future". In a world increasingly reliant on paper products, the demand for pulp, a vital yet limited resource, continues to rise. To address the pressure on the planet's forests, Bracell, a global frontrunner in the sustainable cultivation of eucalyptus and the production of dissolving pulp, is revolutionising the industry through innovative technology and a steadfast commitment to sustainability. In 2019, the company marked a significant milestone with the launch of the world's largest and greenest pulp mill in Lençóis Paulista, São Paulo. The journey of this groundbreaking project is chronicled in the documentary "Engineering Challenges: The Mill of the Future," which first premiered on TV Cultura, a Brazilian public television network headquartered in São Paulo, on 10 August 2024. The documentary provides an in-depth look at the construction process, capturing the engineering hurdles faced and the innovative solutions implemented along the way. It also highlights the human stories behind the project, featuring individuals such as Misaeli Alves, a nursery technician nurturing eucalyptus seedlings, and Sandy Quandt, a safety technician breaking barriers in a male-dominated field. Bracell's CEO, Praveen Singhavi, underscores the importance of the new plant in meeting the company's sustainability goals. "We have revamped our long-term sustainability strategy through Bracell 2030, which sets ambitious targets for climate, nature, and communities. This new plant is a cornerstone of our commitment to these bold goals," he said. The mill's construction has not only advanced Bracell's production capabilities, boosting kraft pulp output from 250,000 to 3 million tonnes per year and soluble pulp production to 1.5 million tonnes annually, but has also created over 30,000 direct and indirect jobs in the surrounding region, alongside qualification programs for the local community. "Engineering Challenges: The Mill of the Future" serves as a valuable resource for businesses exploring sustainability strategies, researchers pursuing innovation, and individuals interested in the intersection of technology and environmental stewardship. The documentary will be rebroadcast on 4 September 2024 at 7pm local time. In addition to the TV documentary, the mill construction process can also be seen in the book Project Star, available on the company's website here. – Ends – About Bracell – www.bracell.com About Bracell Bracell is a global leader in the production of dissolving pulp and specialty cellulose with two main operations in Brazil in Camaçari, Bahia and in Lençóis Paulista, São Paulo. In addition to its operations in Brazil, Bracell has a management office in Singapore and sales offices in Asia, Europe and the United States. About RGE – www.rgei.com Headquartered in Singapore, RGE is a group of resource-based manufacturing companies with global operations. We produce sustainable natural fibres, edible oils, green packaging and clean natural gas used to create products that feed, clothe and energise the world. We help improve billions of peoples' lives through sustainable products they use every day. With more than US$35 billion in assets and 80,000 employees, we are creating a more recyclable, biodegradable and lower carbon future. Committed to sustainable development, conservation and community development, we strive towards what is good for the community, good for the country, good for the climate, good for the customer, and good for the company. With current operations spanning across Indonesia, China, Brazil, Canada, Spain and Malaysia, we continue to expand and engage new markets. Media ContactShirley LamCorporate Communications, RGETel: +65 8828 9669Email: shirley_lam@rgei.com
SHANGHAI, Aug. 30, 2024 /PRNewswire/ -- The rapid expansion of the application of artificial intelligence (AI) and machine learning has accelerated vigorous development of the robot market. With its extensive engineering proficiency, TE Connectivity (TE) has built a strategic portfolio for the field of service robots to meet customers' diverse demands. With the acquisition of Laird Connectivity's external antenna business and Linx Technologies, TE further refines a high-performance product portfolio of antenna, connectors, etc., strengthening technological advantages and innovation capabilities to support automation across sectors. TE is committed to the continuous development of the service robot field and creating greater collaborative value for customers. Since the advent of industrial production, demands for higher and more precise productivity have continually grown. Robotics answer many of these demands with the rapid development of technologies internationally. Through robotics breakthroughs in the United States, super manufacturing plants in China, and widespread adoption in Japan, the global robotics industry is advancing on both the supply and demand sides. Robotics can help increase production, sales, and quality by offering viable solutions to provide a more effective division of labor and pressures for cost reductions. The potential applications of the robotics industry continue to increase, creating vast market opportunities. The global robotics market size reached USD 46 billion in 2023, and the International Federation of Robotics expects the market to reach USD 66 billion for the full year 2024. In the market, commercial service robots are becoming increasingly popular across a wide range of use cases to address the challenges of labor shortages and rising minimum wages. Currently, there are six main application areas for commercial service robots: Professional cleaning Logistics and transport Hospitality Agriculture Healthcare Inspection and maintenance Compared to industrial robots, there is more emphasis on the interaction experience with service robots. Frequent interactions between users and robots require efficient feedback speeds, placing higher demands on the stability of the wireless connection, high-speed transmission, shock resistance of antennas and other components, and miniaturization technology. As a global industrial technology company, TE Connectivity plays a crucial role in the service robot field. TE's antennas – using wireless connectivity solutions help enable service robots to perform efficiently in various environments, meeting automation needs across fields and building an innovative ecosystem for intelligent robots. TE's industry-leading antenna and connector technologies provide a broad portfolio of products that support wireless data delivery. These technologies have the high stability and high-speed transmission capabilities needed to address the stringent wireless connectivity requirements of service robots. Antennas and connectors are undoubtedly two key technologies in the service robot ecosystem. Based on the varying operating environments of service robots, it is critical to select the appropriate antennas. For example, TE's wireless connection technologies – such as Wi-Fi, Bluetooth, NFC and RFID for high-security, short-range indoor communication environments – provide stable data transmission and moderate power consumption. For both indoor and outdoor operations, solutions such as TE's antennas for LoRaWAN applications suitable for long-range communication with low power consumption. For longer-range, highly mobile outdoor operations, TE provides products such as ultra-wideband (UWB) and cellular antennas, to support long-distance communication and precise positioning navigation systems. In addition to wireless connectivity, service robots need connectors that account for a wide range of factors. The choice of connectors should be made during the design phase with consideration given to the environment, adaptability, durability, reliability, ease of installation and maintenance, and matching sizes and interfaces. They may also need to be waterproof and dust-proof with electrical performance and future scalability. TE's broad connector portfolio offers solutions to address these concerns. For example, warehouse transport robots require GPS positioning, which in turn requires data transmission and environment deployment. TE products, such as RF coax connectors, D-Subminiature connectors, or FPC connectors – which can withstand vibration, high temperatures and other environmental variables – are viable options for consistent and efficient operation. TE also provides diverse solutions to meet different needs, which can accelerate the speed to market of their products. As a leading company in embedded antenna solutions, TE can support adapting to the mechanical constraints of clients and helping select the appropriate connectors, cables, and frequencies according to requirements. TE antenna solutions using Laser Direct Structuring (LDS) technology can be adapted around existing components or structures to save equipment space. With years of experience in engineering, TE has global manufacturing capabilities, material science experience and signal integrity analysis. TE is committed to creating value through innovative solutions supporting our customers. A future-focused strategy, diversified product solutions, high quality and reliability, and strong global brand recognition have always been TE's core competencies. As a global industrial technology leader, TE will continue to work together with its customers to create a safer, sustainable, productive, and connected future. ABOUT TE CONNECTIVITY TE Connectivity ("TE") headquartered in Switzerland, is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, renewable energy, automated factories, data centers, medical technology and more. With more than 85,000 employees, including over 8,000 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com. [1] Data Source: Robotics Market Size, Top Companies & Technology [2032] (imarcgroup.com) Link: Service Robot Solutions | TE Connectivity
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