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TOKYO, Aug. 23, 2022 /PRNewswire/ -- A recent research result has been released by ITANDI Co., Ltd (Headquarters: Tokyo, Japan; Representative: Shinpei Noguchi "The Company") about how real estate companies are reacting to the digital transformation movement that has been taking place in the real estate industry in Japan. ITANDI Co.,Ltd is a technology focus company. The Company is part of the GA technologies Co.,Ltd (Headquarters: Minato-Ku, Tokyo, Japan; CEO: Ryo Higuchi; Securities code: 3491) group providing services in the real estate industry with advanced technology applied. The research released this time was conducted among 766 real estate companies asking about how they feel about the digital transformation development in the industry. 【Proptech (property technology) business companies】 ITANDI Co .,Ltd (Headquarters: Minato-Ku, Tokyo, Japan; Representative: Shinpei Noguchi) WealthPark Co.,Ltd (Headquarters: Shibuya-Ku, Tokyo, Japan; Representative: Ryuta Kwada) Spacely Inc. (Headquarters: Shibuya-Ku, Tokyo, Japan; Representative: Hirokazu Morita) Sumasate Co.,LTd (Headquarters: Shinagawa-Ku, Tokyo, Japan; Representative: Nobuyoshi Yamagishi) 【Real estate specialized media】 SUMAVE (Proptech specialized online media / 2017~) Zenchin (Press media specialized in real estate for rental & lease purpose / 1989~) The definition of "digital transformation" in this article refers to "how companies in the real estate industry apply technology in order to improve work efficiency." ◆ Key Highlights 98.4% of the companies believe that digital transformation must be done. 71% have taken certain measures before or are planning on doing so. Companies those had been implemented with such measures in the past, 44.1% only involved for less than one year while 70.7% of the companies gave a positive feedback about digital transformation and the measures they have been taken When it comes to the annual budget, small companies with fewer than 10 employees are willing to spend less than one million yen for implementing digital transformation. Companies with more than 501 staff are willing to spend more than 10,010,000 yen. 3 major obstacles for companies to proceed with digital transformation are as follows: budget, right people, know-how 98.2% of the companies do know that online contract and online documentation are available along with the law revision in May 2022. The "online contract system" is the system (software) that has been discussed the most among companies currently More than 50% of the companies answered that they are satisfied with the software they have been using, especially for the "online meeting software", "appointment reservation software", "price assessment software", "software for important matters documentation" and the "online application software". The software that has been installed the most by companies is the "online contract software" in 2022. Other software such as "online meeting software", "software for important matters documentation" and "VR, online house tour software" are also popular among companies in 2021 to 2022. ◆ 98.4% of the companies participated in this research support with the digital transformation wave in the industry; 71% had been or is underway of taking actions A total of 98.4% of the companies do support this digital transformation movement that has been taking place in the real estate industry either with strong agreement or somewhat positive reactions. When it comes to the question of how your company has been doing on the matter, 71% of them have taken or are taking some actions to make the change. 93.4% of the companies answered that the purpose for such action is to improve productivity and work efficiency. While to improve customer satisfaction and to attract more customers followed with 53.4% and 35.1%. The companies that have been participating in the research this time, nearly 50% are small companies with staff fewer than 10 people. Many small to medium size companies also believe that digital transformation is necessary and are planning on taking some strategy for that or had such experience before. ◆ Almost half of the companies have less than one year of experience regarding DX, while more than 70% feel satisfied about the change 44.1% of the companies replied that they had less than one year of actual experience working on digital transformation. Only 0.7% of companies answered that they already have the related measures, or the DX system organized in the company. The companies that have started such actions have increased in the past one year. 70.6% of the companies have the system/ know-how ready in less than two years. And 70.7% of them gave positive feedback regarding such a change. When being asked about which part do you feel that has been improved the most, 93.2% answered with better efficiency and productivity. 29% answered with higher customer satisfaction while 25.6% said that the percentage of deals made has gone up. ◆ Companies are willing to spend from one million yen to more than 10,010,000 yen annually depending on the size of a company When being asked about how much budget you are willing to spend on making the digital transformation a year, companies' answers vary from less than one million yen to more than 10,010,000 yen depending on the size of a company. 85.4% of the companies with 5 to 10 employees are willing to spend no more than one million yen annually to make the DX change. This percentage jumps to 93.1% for companies with only 1~4 people. On the other hand, companies with number of employees more than 501 people are willing to spend more than 10,010,000 yen per year to make the transformation. As we could see, the annual budget for companies to make the change increases along with the size of a company. When it comes to the question "which department is responsible for the DX project?"21.3% of the companies answered with "the executive board" followed by "the sales (planning) department" with 20.6%. "Business strategy, the CEO office" comes in third with 16.7%. Finally, 9.7% of the companies being researched answered that there is a department specialized in such projects in their companies. ◆ "Budget", "Right people", "Know-how" are the biggest obstacles for companies The Top 3 obstacles that prevent companies from making the digital transformation are: "budget", "right people", "know-how".40% answered that the lack of all three or either one of the resources makes the companies hesitate to make the change. All three factors are selected as the top 3 obstacles by companies which is almost the same as last year's research result (※1). Companies that have no plan for making the shift also pointed out "budget", "human resource", and "know-how" are the major concerns for them as well. ◆ 98.2％ are aware of the law revisions about electronification of documentations 57.7% of the companies are aware of the electronification of the documentation process along with the law revisions enacted on May 18th, 2022; 40.5% are somewhat familiar with the News. Still 1.8% of the companies replied that they do not know about such a change. In conclusion, almost most companies working in the real estate industry are aware of such information. ◆ "Online contract software" is the most popular software among companies 70% of the companies answered that they have the online meeting software installed or are planning to do so. The second most popular software is the rental & lease application management software with 52.3% of the companies installed already or plan to do so. 39.1% answered with "online application software". Finally, 31.8% answered with the "customer relationship management software". When it comes to the question of which software are you considering installing, 18.7% choose the "online contract software", 15.8% choose the "important matters documentation software", and 14% choose the "online application software". 11.5% choose the "App. for property owner". As we could see, the influence of the law revision has been pushing the process moves faster. ◆ More than 50％ are satisfied with the changes DX brings More than half of the companies researched say that they are satisfied with the strategies being taken to make the transformation. The satisfaction is especially high about the following software: "online meeting software", "appointment reservation software", "AI assessment software", "important matters documentation software" and the "online application software". ◆ "Online contract software" is the most popular software installed among companies in 2022 When we look at the percentage of installation of individual software, both the "online meeting software" and the "important matters documentation software" receive more than 70% popularity in 2020 ~ 2021. The installation rate is 61% for the "VR / online tour software" because of the increasing needs during the pandemic. In 2022, the software those receive high popularity are "online contract software" (31.7%), "AI price assessment software" (24.3%), "appointment reservation software" (20.9%), and the "online application software" (20.5%). For the times before the pandemic broke out, the software those were popular among real estate companies are "rental & lease application management software", "contract management software (for contract renewal & move-out)", and "CRM (customer relationship management) software". ◆ Conclusion The real estate industry is experiencing a huge change in the digital technology aspect and how the real estate transaction process is going to be along with the related law revisions enactment, and the change in lifestyle because of the pandemic. All these have a huge impact on the industry, and indeed about 70% of the companies are starting or have been taking measures to ride on this digital transformation wave that is happening in the industry. No doubt, the so-called DX movement is certainly taking place in the real estate industry. ◆ Result Summary Research time period：June 16th, 2022 ~ July 7th, 2022 Practical answers received: 776 Targets for research: real estate management companies and companies provide related services Research method: online questionnaire Companies participated in the research are as follow:＊The percentage is round up, so it might not be 100% exactly when added up ◆ ITANDI Co.,Ltd Company name: ITANDI Co.,Ltd Representative: Shinpei Noguchi Website: https://www.itandi.co.jp/ Headquarters: 40F of Sumitomo real estate Roppongi Grand Tower, Roppongi 3-2-1, Minato-Ku, Tokyo Year of founding: June 2012 Capital fund: 36,000,000 yen Services: Development, operation of SaaS for real estate companies : ITANDI BB Development, operation of SaaS for rental & lease management companies: ITANDI BB + Development, operation of self-tour house hunting platform: OHEYAGO ◆ WealthPark Co.,Ltd Company name: WealthPark Co.,Ltd Representative: Ryuta Kwada Website: https://wealth-park.com/ja/ Headquarters: 3F of New mitomi building, Ebisu 1-20-18, Shibuya-Ku, Tokyo Capital fund: 100,000,000 yen Services: SaaS business (ＷealthPark Business) Vertical business (ＷealthPark Asset management) Fintech business (WealthPark Alternative) ◆ Spacely, Inc Company name: Spacely, Inc Representative: Hirokazu Morita Website: https://corp.spacely.co.jp Headquarters: 3F of Yagi building (second building), Shibuya 3-6-2, Shibuya-Ku, Tokyo Year of founding: August 2013 Capital fund: 510,000,000 yen Services: 360°VR & space utilization platform : Spacely Web media: Spacely Tips (Tips & contents about VR technology) AI x VR research lab: Spacely Lab ◆ Sumasate Co.,Ltd Company name: Sumasate Co.,Ltd Representative: Nobuyoshi Yamagishi Website: https://sumasate.jp/ Headquarters: 8F of Noda building, Kamiozaki 2-12-1, Shinagawa-Ku, Tokyo Year of founding: July, 2015 Capital fund: 10,000,000 yen Services: Development & operation of AI rent price assessment software Development & operation of street guide software: Town Navi ◆SUMAVE Website: https://www.sumave.com/ Year of founding: 2017 A News site specialized in real estate technology (property technology) both nationally and Internationally ◆ Zenchin Co.,Ltd Website: https://www.zenchin.com/ Year of founding: 1989 One of the prestigious News media focuses on the rental and lease area, covers the newest information and trends in the real estate industry. The readership covers more than 80% of the real estate companies in Japan. It is one of the major resources for managerial positions in the industry to gather necessary information. ◆ GA technologies Co.,Ltd Company name: GA technologies Co.,Ltd Representative: Ryo Higuchi Website: https://www.ga-tech.co.jp/ Headquarters: 40F of Sumitomo real estate Roppongi Grand Tower, Roppongi 3-2-1, Minato-Ku, Tokyo Year of founding: March, 2013 Capital fund: 7224,816,203 yen (by July 2022) Services: Internet real estate marketplace business: RENOSY BtoB PropTech SaaS development GA technologies group: ITANDI, RENOSY PLUS, Shenjumiausuan and 10 other group companies Reference:(*1) The research result for 2021 please refer to the following link: https://www.itandi.co.jp/news_posts/709 (July, 2021) For this release, please contact below:Nami (+81-90-1503-9158), Judy, GA technologies Co., Ltd. MAIL: pr@ga-tech.co.jp
BEIJING, Aug. 19, 2022 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, recently announced that it officially launched its first digital employee "Waterdrop Assistant". "Waterdrop Assistant" is a human-like virtual employee that was developed based on Waterdrop's business processes and is powered by multiple technologies, including robotic process automation (RPA) and artificial intelligence (AI). "Waterdrop Assistant" can help the online insurance service team with numerous tasks, including data processing and analysis, online user management, and customer services, thus improving the response time, quality, and scope of the Company's customer service team. Mr. Mingxing Huang, Head of AI at Waterdrop, commented, "The introduction of digital employees is our latest exploration to continue promoting the digital transformation of the insurance industry, to reduce operating costs, and improve the efficiency of insurance services. Specifically in our case, 'Waterdrop Assistant' has helped shorten the response time, lower operating costs, and unleash the potential of our staff. Our analysis shows that since its launch, 'Waterdrop Assistant' has processed 86% of the user sessions with a 97% accuracy rate for intention recognition, helping free up 37% of the customer service manpower and effectively increase the policy renewal rate. Currently, 'Waterdrop Assistant' is responsible for highly repetitive and labor-intensive tasks, however, it has also undergone constant system iterations and architecture upgrades through ongoing machine learning. For example, in the fourth quarter of 2021, Waterdrop Assistant completed 20-plus system iterations and 3 architecture upgrades accumulatively. Our next goal is to enable 'Waterdrop Assistant' to independently complete tasks for more complex and interactive scenarios and play a bigger role in the process of sales inquiry, underwriting review, risk control, and claim settlement." Mr. Huang added, Waterdrop Assistant is positioned as an "assistant" to insurance service staff. Through its intelligent dialogue robot technology, "Waterdrop Assistant" has completed the training related to speech, sentiment recognition, semantic analysis, and other capabilities, enabling it to conduct simple communication with customers, record and collate their protection needs, intention to purchase insurance, and classify them into different groups. This will help the Company's online services team develop timelier, professional, and customized insurance plans for different customers. In terms of online user management, "Waterdrop Assistant" has significantly improved the operation refinement and efficiency of its insurance service staff and has been capable of interacting with customer communities and maintaining customer relationships independently. For example, "Waterdrop Assistant" can identify customer needs according to the keywords sent by customers, send personalized push notifications, reminder of policy expirations and birthday greetings to customers in time. In addition, "Waterdrop Assistant" has been well-acquainted with over 100 insurance products equipped from Waterdrop's sophisticated data library, including the product profile, insurance coverage, policy renewal, and claims settlement process. Based on its semantic understanding capability, "Waterdrop Assistant" can recommend answers for our insurance service staff in real-time so they can provide quick and accurate responses to customers more easily. During its interaction with customers, "Waterdrop Assistant" can detect and understand customer sentiment immediately and assists the service staff in comforting the customers at proper times, thereby improving user experience and satisfaction. About Waterdrop Inc. Waterdrop Inc. (NYSE: WDH) is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. Founded in 2016, with the comprehensive coverage of Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, Waterdrop aims to bring insurance and healthcare service to billions through technology. For more information, please visit www.waterdrop-inc.com. Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about Waterdrop's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Waterdrop's filings with the SEC. All information provided in this press release is as of the date of this press release, and Waterdrop does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
HONG KONG SAR - Media OutReach - 18 July 2022 - The BusinessFocus Award Presentation ceremony 2022 was successfully held at the Renaissance Harbour View Hotel Hong Kong on 8 July 2022 (Friday). The award honours technology inventions, innovative corporate initiatives and excellence service providers adapting to the "new economy direction" in Hong Kong. As an affirmation to the achievement of business owners and their teams, the BusinessFocus Award 2022, with the theme of “Creating a New Direction for Our Economy”, has recognised 13 companies which performed exceptional dedication and accomplishments in striving for the best with innovative business ideas in the past year. The rewarded companies include: Henderson Land Development Company Limited Hang Seng Bank Tencent Cloud ORIX Asia Limited FUJIFILM Business Innovation Hong Kong Limited YOOV Internet Technology (HK) Limited UMP Healthcare Holdings Limited KPay Merchant Service Limited Golden Emperor Properties Limited Town Health International Medical Group Igniting Capital Innothrough Academy CYOTC Dr. Allan Zeman, the Chairman of Lan Kwai Fong Group, Mr. Stephen Liang, the Assistant Executive Director of the Hong Kong Trade Development Council and Prof. Terence Chong, the Executive Director of Lau Chor Tak Institute of Global Economics and Finance, as the honoured guests and participated in the ceremony with Ms. Cherry Liu, the Vice President of Business Strategy and Co-Founder of PressLogic hosted the award ceremony together. Messages from Business Leaders & Academics, With Best Wishes to Corporations in Seizing Opportunities to Innovate Dr. Allan Zeman, the Chairman of Lan Kwai Fong Group, addressed his faith in the inauguration of the new governing team to bring a new ambience to society. Moreover, Hong Kong has gotten over a hard time in the past years, and he believes the current Chief Executive, Mr. John Lee will be working jointly with all sectors to embrace a better future for Hong Kong. In addition, he mentioned that he had contributed to suggesting the "result-oriented" approach raised by Mr. Lee earlier, and he believes that Hong Kong is moving toward a brighter future under his leadership. Besides, Dr. Zeman encourages business leaders to maintain enthusiasm for high quality service and innovative business initiatives as the COVID-19 precautionary measures would be relaxed soon. He added that he is optimistic about Hong Kong's economic growth and progression especially with a huge potential market in the Greater Bay Area. Lastly, he wishes the corporations in Hong Kong a very prosperous future. Mr. Stephen Liang, the Assistant Executive Director of the Hong Kong Trade Development Council, expressed his appreciation of the flexibility of corporations in Hong Kong during the pandemic to seize the opportunities that follow. He also pointed out that in society nowadays, you have "no cash with no tech". Hence, he believes under the leadership of the new governing team, the cooperation between the Government, industry, academia, the research and commercial sector will be even closer and bring new opportunities to the Hong Kong economy. Prof. Terence Chong, the Executive Director of Lau Chor Tak Institute of Global Economics and Finance, shared that it is difficult to create new economic directions, but he noticed that there are 3 crucial elements of the coming business trend, which are the people-oriented applications of technology, ESG strategies, and the quality of services and products. Last but not least, Ms. Cherry Liu, the Vice President of Business Strategy and Co-Founder of PressLogic, stated that holding the BusinessFocus Award every year aims to motivate and recognize enterprises in Hong Kong for their resilience in the current challenging business environment and their contribution to the local economy. Besides, she added that Hong Kong is a place full of innovation initiatives and is the dream city for young entrepreneurs. She believes enterprises in Hong Kong will be continuously exploring different possibilities and creating more and more development opportunities, promoting the development of Hong Kong's economy in different new directions. The ceremony provides an unparalleled opportunity for honourable guests, business leaders and BusinessFocus team to share valuable insights, innovative technology ideas and evolving business strategies with each other. For more information on the award, please visit https://businessfocus.io/campaign/award2022 Rewarded Companies and Their Representatives: Best ESG Planning Company Award Henderson Land Development Company Limited Mr. Johnny Yu - Advisor to Chairman Best SME E-banking Service Award Hang Seng Bank Mr. Eric Chow - Head of Digital Delivery Best Cloud Service Provider Award Tencent Cloud Mr. Steven Choi - Head of Tencent Cloud, Hong Kong & Macau Outstanding SME Financing Bank Award ORIX Asia Limited Mr. Adrian Pang - Managing Director Outstanding Commercial Innovative Application Award FUJIFILM Business Innovation Hong Kong Limited Mr. Alex Chow - Head, Solutions & Services Strategy Outstanding Enterprise Cloud Solution Award YOOV Internet Technology (HK) Limited Mr. Philip Wong - Chief Executive Officer Best Medical Service Company Award UMP Healthcare Holdings Limited Ms. Jacquen Kwok - Managing Director & General Manager Outstanding Fintech Service Provider Award KPay Merchant Service Limited Ms. Kelly Tang - Senior Business Strategy Manager Outstanding Overseas Property Agency Award - Thailand & Vietnam Golden Emperor Properties Limited Mr. Ivan Yam - Managing Director & Partner Outstanding Integrated Medical Service Company Award Town Health International Medical Group Mr. Zhaogen Jin - Chief Executive Officer Outstanding Venture Capital Institution Igniting Capital Mr. Kelvin Luk - Founder and Managing Partner Best SME Academy Innothrough Academy Mr. Sam Sio - Co-Founder & Operation Director Outstanding Cryptocurrency OTC Market Award CYOTC For more hi-resolution photos, please free feel to download: bit.ly/BusinessFocusAward2022 Hashtag: #BusinessFocusAward2022The issuer is solely responsible for the content of this announcement.About BusinessFocusBusinessFocus, under PressLogic, is a fast-growing online business and finance magazine that provides managements, technology enthusiasts and entrepreneurs with new business, investment, technology and entrepreneurial inspiration. Empowered by our patent AI analytic system, BusinessFocus crafts and distributes original strategic content to connect and inspire people. With over a million social media followers, BusinessFocus helps the brand marketers and corporations to engage with their target audiences and create impactful branded content with partners. About BusinessFocus Award The annual event was first introduced in 2021, the BusinessFocus Award recognises the exceptional dedication and accomplishments of enterprises in continuous contributions to innovative business development and growth in Hong Kong.
香港，中國 - Media OutReach - 2022年7月18日 - 領先市場的線上商業及財經雜誌 BusinessFocus 於2022年7月8日(星期五）在香港萬麗海景酒店盛大舉行 BusinessFocus 商業大獎 2022。為表揚過去一年各範疇的經濟創造者，BusinessFocus特意舉辦BusinessFocus商業大獎2022，向敢於創新創造的行業領袖及傑出品牌頒獎，冀藉此鼓勵各行各業持續提供優質服務，為消費者帶來更佳選擇，以迎接跨越界限的未來新經濟世界。是次頒獎禮以「創造經濟新方向」為主題，頒發合共13個獎項，表揚及鼓勵一眾創新求變的企業。獲獎企業包括： 恒基兆業地產集團 恒生銀行 騰訊雲 歐力士(亞洲)有限公司 FUJIFILM Business Innovation Hong Kong Limited YOOV Internet Technology (HK) Limited 聯合醫務集團有限公司 KPay Merchant Service Limited Golden Emperor Properties Limited 康健國際醫療集團 炬烽資本 創昇教育 陳大怡加密貨幣找換店 蘭桂坊集團主席盛智文博士、香港貿易發展局助理總裁梁國浩先生、中文大學劉佐德全球經濟及金融研究所常務所長莊太量教授及PressLogic業務策略副總裁及聯合創辦人廖櫻小姐，一同主持頒奬儀式。 商界領袖經濟學者同寄語 冀港企積極創新把握商機 蘭桂坊集團主席盛智文致辭時表示，隨着新班子上任，相信香港的未來發展會越來越好。他指過去幾年並不容易，但已過去，相信現任行政長官李家超願意與人合作，並具為香港人創造美好生活的願景，又 透露李家超提出的「以結果為目標」方針正是由他建議，相信在李家超的帶領下，香港未來一片光明。香港防疫政策近期陸續放寬，盛智文一直積極游說政府開關，今日他更透露，隔離規定很快會放寬，又祝願企業發展越來越好。 香港貿易發展局助理總裁梁國浩則讚揚香港企業在疫下靈活求變的精神，透過應用創新科技，成功把握疫後商機。他又形容在現今社會「無Tech就無Cash」，相信在新一屆政府帶領下，官產學研商的合作將 更緊密，為香港經濟發展帶來新商機。 他亦讚揚香港企業在疫下靈活求變的精神，透過應用創新科技， 成功把握疫後商機。 中文大學劉佐德全球經濟及金融研究所常務所長莊太量認為，創造經濟新方向並不容易，但他觀察到未來營商趨勢有3大關鍵，分別是以人為本的科技應用、ESG策略，以及服務和產品質量。 PressLogic業務策略副總裁及聯合創辦人廖櫻表示，每年舉辦BusinessFocus商業大獎這項活動，旨 在激勵和表揚香港企業在充滿挑戰的營商環境下能靈活應變和對香港經濟所作出的貢獻。她亦指香港是一個充滿創新的地方，是年青企業家的夢想之城，相信香港企業將不斷探索不同的可能性，創造越來越多的發展機遇，推動香港經濟向不同的新方向發展。 典禮期間，各個企業珍惜是次交流機會，互相分享如何應用創新科技及創新求變的營商策略，積極開拓新商機。有關獎項的更詳細資料，可瀏覽 https://businessfocus.io/campaign/award2022 得獎公司及代表 最佳ESG策劃企業大獎 恒基兆業地產集團 Mr. Johnny Yu - Advisor to Chairman 最佳中小企網上銀行服務大獎 恒生銀行 Mr. Eric Chow - Head of Digital Delivery 最佳雲端服務商大獎 騰訊雲 Mr. Steven Choi - Head of Tencent Cloud, Hong Kong & Macau 傑出中小企業貸款融資銀行大獎 歐力士(亞洲)有限公司 Mr. Adrian Pang - Managing Director 傑出商業創新應用方案大獎 FUJIFILM Business Innovation Hong Kong Limited Mr. Alex Chow - Head, Solutions & Services Strategy 傑出雲端企業方案大獎 YOOV Internet Technology (HK) Limited Mr. Philip Wong - Chief Executive Officer 最佳醫療服務企業大獎 聯合醫務集團有限公司 Ms. Jacquen Kwok - Managing Director & General Manager 傑出金融科技服務供應商大獎 KPay Merchant Service Limited Ms. Kelly Tang - Senior Business Strategy Manager 傑出海外物業代理大奬 – 泰國及越南 Golden Emperor Properties Limited Mr. Ivan Yam - Managing Director & Partner 傑出綜合醫療服務企業大獎 康健國際醫療集團 Mr. Zhaogen Jin - Chief Executive Officer 傑出風險投資機構 炬烽資本 Mr. Kelvin Luk - Founder and Managing Partner 最佳中小企培訓學院 創昇教育 Mr. Sam Sio - Co-Founder & Operation Director 傑出加密貨幣場外交易所大獎 陳大怡加密貨幣找換店 高清照片連結：bit.ly/BusinessFocusAw8ard2022 Hashtag: #BusinessFocus商業大獎2022The issuer is solely responsible for the content of this announcement.關於 BusinessFocus BusinessFocus 是 PressLogic 旗下一本發展迅速的線上商業和金融雜誌，為管理人員、科技愛好者和企業家提供嶄新的商業、投資、科技資訊和創業靈感。結合我們專有的AI分析系統，BusinessFocus 精心製作和發行策略性原生內容來觸動和啟發人心。坐擁超過一百萬社交媒體追隨者的 BusinessFocus 能協助品牌營銷人員和企業吸引目標受眾，並與合作夥伴一起創建具影響力的品牌內容。
HONG KONG, July 7, 2022 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced the development of a new generation of loan management system (the "loan management system"), a product intended for small and medium-sized banking institutions. CLPS plans to launch the loan management system in Hong Kong and Southeast Asia region in 2023. Digital transformation is taking a toll on traditional banks in Hong Kong. In scenarios that are difficult for traditional banks to cover, virtual banks use their data and technology advantages to gain more clients. In response, traditional banks have increased their investments in utilizing innovative technologies to keep up with the online banking trend, particularly as people have started adjusting to the 'new normal' brought by the pandemic. A strategy such as this involves the adoption of new product designs and the gradual transformation of legacy system without affecting the operation as a whole, in order to meet future system updates and development. In a preliminary market research conducted by CLPS, it determined the eminent demand for a loan management system among its banking clients in Hong Kong and Southeast Asia. With the promising result, CLPS has been optimizing its loan management system by integrating its mature products with innovative technology such as blockchain, robotic process automation (RPA), optical character recognition (OCR), and facial recognition. The goal of the optimization is to achieve a more comprehensive and streamlined loan process flow, including in mortgage application, credit checking, and drawdown, among others, ensuring the privacy and security of information transmission while effectively shortening the processing time. As a result, customers can apply for a loan conveniently anytime, anywhere, reducing banking institutions' operating costs and gaining a wider range of new business opportunities. In the current market, bank loan management systems that adopt fintech-based technology are mostly designed for personal consumer loans and P2P lending. This situation has led CLPS to develop a new system that can support complex scenarios such as mortgage loans, thus expanding the application scope of the product and filling in the market gap. To shorten product launch cycle, the new system also consists of parametric configuration which will allow banks to customize the design based on their respective credit rules and target customers. In addition, the secure and efficient integration interface allows it to be freely assembled and disassembled as functional components. Further, it can be integrated seamlessly with a bank's existing core banking system and with other legacy systems in order to adapt to rapidly changing business needs. Mr. Jackson Yuen, Product Manager of the loan management system of CLPS, said, "From a high-level design perspective, we leverage our expertise in innovative technology and our achievements in fintech to optimize our new product, creating a new generation of loan management system that will reduce costs and increase efficiency among banks." "Digital products and services offered by traditional banks should be improved in Hong Kong, as it actively promotes technological innovation in the banking sector," said Mr. Raymond Lin, Chief Executive Officer of CLPS. "We hope to take this as an entry point to further invest in product development and help our clients in building distinctive businesses to remain competitive in the future of digital transformation." About CLPS Incorporation Headquartered in Hong Kong, CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global leading information technology ("IT") consulting and solutions service provider focusing on the banking, insurance, and financial service sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial service industry, including large financial institutions in the US, Europe, Australia, Southeast Asia and Hong Kong SAR, and their PRC-based IT centers. The Company maintains 19 delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Baoding, Xi'an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining eight global centers are located in Hong Kong SAR, USA, Japan, Singapore, Malaysia, Australia, India, and the Philippines. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, Instagram, LinkedIn, and Twitter. Forward-Looking Statements Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company's expectations of the Company's future growth, performance and results of operations, the Company's ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company's most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made. Contact: CLPS IncorporationRhon GalichaInvestor Relations Office Phone: +86-182-2192-5378Email: ir@clpsglobal.com
Double-Digit Internet Value Chain Growth at Risk if Infrastructure Investors Cannot Realise Meaningful Returns LONDON, May 16, 2022 /PRNewswire/ -- A new GSMA report warns market imbalances between network operators and online services providers may put global growth prospects at risk across multiple sectors of the internet-based economy. Policymakers, the report urges, must consider the interdependence of online services and other growth sectors on the underlying infrastructure investment. The GSMA 2022 Internet Value Chain Report reveals factors including asymmetric regulation and restrictions, sector-specific taxes, and spectrum costs are squeezing the business models of infrastructure providers whilst allowing Big Tech to thrive. Telco squeeze The study finds that revenues across the internet value chain nearly doubled in five years, from $3.3 trillion in 2015 to $6.7 trillion in 2020. Much of this growth comes from online services; they saw a 19% increase in revenue per annum in 2020. Paid-for online services will soon exceed $1trillion in revenues, driving huge capacity demand on global networks. With an annual growth rate of 7.5%, the number of users being connected to the internet globally shows no sign of slowing. Traffic per user grew at 27% per year, with almost 80% of that being driven by video traffic. Yet the return on investment in infrastructure for network operators was far lower, between 6% and 11%. The report highlighted average sub-10% returns on capital as a concern due to pressure on telecom operators to keep investing CAPEX at rates of up to 20% of revenue. The GSMA's Chairman José María Álvarez-Pallete said, "The internet connects 4.6 billion people and drives the global economy. It is transforming business models, unlocking new opportunities, and uplifting communities across the world. But as some sectors in the internet value chain thrive, the demands of investing in the infrastructure those sectors rely on for growth are squeezing network operators. We welcome the growing recognition of this issue by policymakers, and as the internet-based economy expands across all sectors over the next decade." The report notes that counterproductive taxation on infrastructure, cumbersome regulatory requirements, and other value-eroding factors can reduce incentives for infrastructure investment. It encourages policymakers to consider the full landscape of taxation and regulation, ensuring that companies investing in infrastructure are incentivised to build and upgrade the networks that underpin online services. Download the 2022 Internet Value Chain report. About GSMA The GSMA is a global organisation unifying the mobile ecosystem to discover, develop and deliver innovation foundational to positive business environments and societal change. Our vision is to unlock the full power of connectivity so that people, industry, and society thrive. Representing mobile operators and organisations across the mobile ecosystem and adjacent industries, the GSMA delivers for its members across three broad pillars: Connectivity for Good, Industry Services and Solutions, and Outreach. This activity includes advancing policy, tackling today's biggest societal challenges, underpinning the technology and interoperability that make mobile work, and providing the world's largest platform to convene the mobile ecosystem at the MWC and M360 series of events. We invite you to find out more at gsma.com GSMA Press Office pressoffice@gsma.com
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