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Co-organised by Y.X Community and HKPTA, it's Hong Kong's biggest proptech competition featuring over 50 guest speakers, POC partners, investors and mentors from globally-renowned multinational companies and offering additional funding to develop pitches even during the semi-final.HONG KONG SAR - Media OutReach - 1 March 2023 - Y.X Community, a collaborative network for students to enhance their overall well-being and unleash their potential, and the Hong Kong PropTech Association ("HKPTA") is launching a new competition to find Hong Kong's green proptech champions and help them transform their ideas into profitable ventures. Called Green PropTech Innovator Challenge, it invites all Hong Kong's higher education students and student-founded early-stage startups to propose their proptech solutions that address the theme "Reducing the Carbon Footprint." The Challenge is supported by leading corporates with UOB as the Diamond Sponsor. AEW, Cathay United Bank, China CITIC Bank International Limited and OCBC Wing Hang Bank as Gold Sponsors. Green PropTech Innovator Challenge is the biggest and first competition of its kind in Hong Kong to create an end-to-end platform for turning ideas into potential ventures. The three-stage competition brings together over 50 guest speakers, proof-of-concept (POC) partners, investors and mentors, such as MTR Corporation Limited, Chinachem Group, Wang On Properties, LAWSGROUP, Gammon Construction, and Great Eagle Group. It offers an ideal opportunity for students to gain first-hand and practical lessons and test their ideas. See Appendix for the complete list of mentors and POC partner organisations. Funding support begins right after stage 1. The ten finalists will have HK$10,000 each to develop their presentation further and test their prototype for stages 2 and 3. A total of HK$100,000 awaits the final three winners who successfully present their ideas in front of the judges. After stage 3, the winners will get a chance to test their proof-of-concept further at the access point provided by POC partners, co-working space to work on projects and meet potential investors, and the opportunity to pitch for pre-seed funding from Hong Kong's leading developers and angel investors. "We strongly believe in the creativity and innovativeness of our students when it comes to solving global issues, in this case, reducing the carbon footprint. After all, it is a problem that the next generation will more keenly feel. The Green PropTech Innovator Challenge offers students the training, comprehensive mentorship advice, valuable access to investors and funding they need to get their ideas from sketch to POC and even transforms into practical solutions. Essentially, it offers a complete journey for future sustainability leaders," said Nick Lo, CEO of Crystal Properties Development Ltd. "Over the years, Hong Kong has seen many ideas from young sustainability champions. It is also home to the largest property and construction industry players and investors. This competition closes the gap between ideation and production by bringing both communities together. It allows participants to finetune their ideas and presentations with PropTech mentors, develop and refine their prototypes and minimal viable products with investor funding, and then move into production with the help of Hong Kong's industry leaders," said Vivian Chan, Founding President of HKPTA. Competition details The Challenge is open for submission from 1 March 2023 until the end of April 2023. For application or enquiries please visit https://bit.ly/3EHQhsg. It has five categories: Carbon Tech: This category is in-building energy-efficient equipment, appliances, and other tangible ideas to reduce carbon emissions for zero-carbon building or climate-positive initiatives. Potential solutions include those for reducing, reusing, recycling or removing carbon emissions. Smart and Green Building: Solutions for efficient and innovative use of resources through automation and minimising emissions and energy costs using remote maintenance fall under this category. They can include in-building smart systems and those for meeting green building certifications, such as BEAM and LEED. Construction Tech: This category focuses on the construction industry. Solutions can include innovative green construction tools, machinery, modifications, software, etc. Solutions can include those using robotics and augmented reality (AR) for designing, innovative structural items that improve heat insulation and 3-D printed recycled construction materials. Waste Reduction: Technology that helps reduce or eliminate building waste and create self-sustaining buildings will fall under this category. Solutions can include waste monitoring, recycling, and upcycling tech, and better resource management systems. Other Green Solutions: This last category is for solutions that reduce carbon footprint but do not fall into any of the above categories. All candidates will go through a 3-stage judging process. Stage 1: Candidates to apply online at https://bit.ly/3EHQhsg. Upon enrollment, candidates will receive a link for submitting a proposal online. See below for details. A knowledge-sharing seminar and a tour of Sino Inno Lab will also guide the candidates in creating their proposals. 10 submissions will be shortlisted for the next stage. Stage 2: The 10 finalists will be paired with mentors from leading companies. HK$10,000 will be offered to each finalist to develop their pitch deck with their mentors further, create a prototype, and test it. Stage 3: All 10 finalists pitch their proposals to a judging panel of leading practitioners and academic leaders. Submissions will be judged on genuine creativity and innovation, ease of use, functionality, commercial value, and social impact. The panel will choose the champion, the first and second runners-up. Prizes and post-competition support The first prize is HK$50,000, the second is HK$30,000, and the third is HK$20,000. The competition does not end at the end of stage 3. Y.X Community and HKPTA will promote the video highlights of the three winners, exhibit the proposals at a press conference, and invite POC partners to validate the proposals. The winners will also have the opportunity to pitch and connect with up to five investors and potentially secure up to HK$1,000,000 in angel-led pre-seed funding. They can also use the workspaces at Y83 to meet investors and potential clients and further develop their solutions. Proposal submission and more info The Green PropTech Innovator Challenge is open for submission from 1 March 2023 until the end of April 2023. Interested candidates can now apply online or find more details at https://bit.ly/3EHQhsg. For enquiries, please contact media@yxcommunity.com or call 8101 2339. Appendix POC Partners and Mentors information POC partners – to provide access point for proof-of-concept testing: Asia Allied Infrastructure, Baguio iRecycle, CHI International, Chinachem Group, Chuang's Group, Crystal Investment, Gammon Construction, Great Eagle Group, Hengli Investments Holding Group, KaiLong, Lan Kwai Fong Group, LAWSGROUP, MTR Corporation Limited, SOCAM Development, Wang On Properties (in alphabetical order of organisations) Mentors – to offer one-on-one guidance for proposal/prototype development: (in alphabetical order of surname) CH Chung, Head of Property Management, Hong Kong Jones Lang LaSalle (JLL) Harvey Cheung, Partner Ernst & Young Advisory Services Du Yong-Hai, General Manager, Green Innovation Division Hong Kong Productivity Council Francois Lee, CEO B4B Challenge Katherine Kwan, Principle Product Lead CLP Holdings Grace Kwok, Chairman and Executive Director Allied Sustainability and Environmental Consultants Lianne Lam, CEO and Founder Hong Kong Sustainable Society Philip Law, Partner Deloitte Touche Tohmatsu Kevin Lee, Head of Smart Facilities Management SOCAM Development Stanley Tang, Executive Director Bright Intelligent Construction Dr Raymond Wong, General Manager Baguio iRecycle https://www.linkedin.com/company/y-x-community/ http://www.instagram.com/y.x_community/The issuer is solely responsible for the content of this announcement.Y.X CommunityY.X Community is a collaborative network, as part of its dedicated commitment to supporting our younger generation to realise their dreams and make the world a better place to live. We are here to enhance students' overall well-being and empower them to learn, realise their potential and contribute to society for a good cause. Website: http://yxcommunity.com Instagram: http://www.instagram.com/y.x_community/ LinkedIn: https://www.linkedin.com/company/y-x-community/ About HKPTA HKPTA creates a collaborative ecosystem that brings together property developers, investors, and emerging PropTech startups. The association is committed to encouraging technology-enabled solutions to improve our lives and the environment and integrating the adoption of sustainable strategies that follow the United Nations Sustainable Development Goals (UNSDG). Website: https://hkproptech.org LinkedIn: https://www.linkedin.com/company/hkproptech/
MELBOURNE, Australia, March 1, 2023 /PRNewswire/ -- In March 2023, the new Ingersoll Rand (hereinafter referred to as "Ingersoll Rand"), a company created through the merger of then Gardner Denver and Ingersoll Rand Industries, will celebrate its third anniversary. Ingersoll Rand Inc. (NYSE:IR) is a global provider of mission-critical flow creation and industrial solutions, with the business covering air compressors, pumps, blowers and power tools, as well as fluid management and material lifting systems among other products. Over the past three years, Ingersoll Rand has been steadily developing the business and market layout, creating value for customers as guided by the concept of sustainable development. Expanding Brand Matrix and Business Capabilities In the past three years, Ingersoll Rand acquired more than 20 companies or businesses that are highly related or complementary to its own business. With recent acquisitions including SPX FLOW's Air Treatment Business, Seepex, Hydro Prokav and Hanye, Ingersoll Rand continues to accelerate its growth and deliver on its commitment to advance digitalization capabilities, aftermarket growth and complementary technology and innovation efforts. Some of the Businesses Acquired Recently by Ingersoll Rand As a leading manufacturer of reliable and energy efficient compressed air dryer and filtration equipment that helps increase production and process reliability, SPX FLOW's Air Treatment Business, owner of renowned brands like Hankison and Jemaco, continues Ingersoll Rand's strategy of expanding product offerings in the broader compressor ecosystem. Seepex is a world-leading manufacturer of progressive cavity pumps, a segment of positive displacement pumps that primarily serve the water, wastewater, food and beverage, and chemical end markets. The additions of Holtec, Hanye and Hydro Prokav advance Ingersoll Rand's inorganic growth strategy and demonstrate its commitment to disciplined inorganic growth in adjacent products and geographies. The acquisitions will expand the company's air treatment capabilities and enhance its progressive cavity pump market penetration. Adhering to Sustainable Development for an All-win Situation While expanding its business, Ingersoll Rand formulates and implements its sustainable development goals and strategic planning, promising to reduce greenhouse gas emissions generated during production and operation by 60% by 2030 and become carbon neutral by 2050. These goals are also an important part of Ingersoll Rand's ESG strategy. Ingersoll Rand's 2030 & 2050 Environmental Goals The concept of sustainable development runs through Ingersoll Rand's operations and customer value globally. Ingersoll Rand's first factory using renewable energy is the Wujiang Factory in Suzhou, China. The facility's 75,000 m2 roof was converted into a solar power system to provide power for production. From 2020 to late 2022, Ingersoll Rand has successfully completed eleven solar installation projects including the newest completed solar project in the Schopfheim plant in Germany. As a result, the plants' environmental impact has been significantly reduced, while the operating costs are decreasing year by year. Ingersoll Rand Sustainability Strategy Ingersoll Rand is widely recognized for its sustainable development practices and performance. In 2022, Ingersoll Rand was named to the Sustainability Yearbook 2022, S&P Global's annual and comprehensive listing, ranking within the top 15% of its industry category, Machinery and Electrical Equipment, and was distinguished as an "Industry Mover". In the American Business Awards 2022, Ingersoll Rand won three Stevie Awards for its growth achievements. Since 2020, Ingersoll Rand's business has been growing faster than the market average thanks to Ingersoll Rand Execution Excellence (IRX), the execution engine based on simple processes that drive a high-performance culture while instilling Ingersoll Rand's values and allowing execution of the strategic areas of focus in self-directed work teams. Adhering to the company purpose of "Lean on us to make life better" and upholding the sense of ownership, Ingersoll Rand, with full confidence and a pragmatic and humble attitude, will continue to grow in the ever-changing and upgrading market environment. About Ingersoll Rand Inc. Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mind-set, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our portfolio of products consists of air compressors, pumps, blowers, and systems for fluid management, loading and material handling as well as power tools. With over 16,000 employees globally, our team develops customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit www.IRCO.com.
藉此直面 AI 的可持續性難題，並引起關注、開啓對話、找到可減輕 AI 耗能和碳排放的解決方案 加利福尼亞州金寶市2023年3月1日 /美通社/ -- WekaIO（WEKA）是性能密集型工作負載的數據平台供應商，公司於今日發佈了一項新的《可持續性 AI 倡議》。這項倡議旨在讓人們更多地關注由下一代計算機技術引發的全球數據中心能耗及碳排量迅速增加的問題，這些技術包括人工智能（AI）、機器學習（ML）以及高性能計算（HPC）。雖然這些技術為重要研究、發明和創新提供助力，但使用它們也在無意中加劇了全球氣候和能源危機。 WEKA_Sustainable_AI_235707 透過這項《可持續性 AI 倡議》，WEKA 決意致力於氣候改善方面的投資，開啓業界與社會層面的對話，並與全球政治、科研、商業和科技界領袖携手解決問題，推廣更高效、可持續性更好的 AI 使用方式。 為此，公司踏出第一步，與 One Tree Planted 建立夥伴關係，幫助他們在全球推行重新造林計劃，該計劃旨在支持脫碳化，並緩解氣候變化帶來的有害影響。他們計劃在未來幾個月内推出更多的項目。 AI 在可持續性方面的難題AI、ML 和 HPC 正在推動數碼轉型和探索的新時代。大規模資料處理、深度學習以及機器智能，令現代研究、發明以及科學突破的步伐極大加快，並推動前所未有的創新浪潮，而我們的社會才剛剛開始對這些創新有所認知和利用。 這些下一代的技術在幫助社會解決很多最複雜的生態、人文、和商業難題（包括氣候和能源危機）方面，具有無限的潛力。與此同時，這些技術的運行需要消耗極大的電能，這樣也就讓全球的能源使用量以及溫室氣體排放量暴增。 訓練和運行 AI 模型所需的圖形處理器（GPU），需要輸入近乎無盡的數據，才能它們發揮最大的圖形處理潛力，這讓問題變得更加複雜。有研究表明，由於資料處理管道中的延遲和瓶頸問題， GPU 通常未能得到充分利用，有高達 70% 的時間都處於閑置狀態，等待資料輸入，以使它們投入運作。這導致 AI 模型可能需要幾天甚至几個星期時間來完成訓練和運行。 從可持續性的角度來看，這是一個嚴重的問題。業界消息人士估計，數據中心每年耗能至少為全球總體耗能的百分之三。AI 計算的能耗在過去十年中保持大約每幾個月就翻倍的增長速度，導致能源消耗暴增。1 「圍繞 AI 的好處和道德的公共議題一直很多，且成果頗豐，但涉及 AI 的環境影響的討論卻少之又少。是時候改變這一現狀了，」WEKA 總裁 Jonathan Martin 說，「我們的地球正面臨著嚴重的困難。如果不盡快找到方法控制 AI 對能源無休止的需求，並掌握其日益擴張的碳足跡，那麼 AI 不僅無法幫我們解決原本的問題，會讓問題加速發展並愈演愈烈。」 重新造林：脫碳化難題中的重要的一部分 樹木對於地球的健康、生物多樣性以及減少氣候變化造成惡劣影響至關重要。重新造林有助於清除碳排放、扭轉自然損失、增進生物多樣性，并且科學家們一直認為重新造林是在對抗氣候變化這場戰役中促進脫碳化關鍵的解決方案。 透過與 One Tree Planted 的合作，WEKA 將於 2023 年在全球範圍内種植20,000棵樹，並且承諾在未來每年的軟件銷售中，銷售量每達千兆字節（PB）就種植十棵樹。 「我們很高興能與 WEKA 合作，據他們的可持續性 AI 倡議，幫助全球重新造林和減少氣候變化造成的惡劣影響。」 One Tree Planted 創辦人兼首席環境議題樂天派 Matt Hill 說道，「WEKA 承諾按照達成的軟件銷售數額進行植樹造林，這是科技公司推動地球自然保護以及改善氣候環境的典範。」 「樹木是從大氣中捕獲並清除碳、是抵抗氣候變化造成的毀壞性影響的最有效手段之一。WEKA 非常高興能與 One Tree Planted 合作，支持他們在重新造林方面所作的重要努力。」Martin 說，「我們也明白，重新造林只是脫碳難題中的一部分。看起來我們可以見好就收了，但其實還有更多的工作要做。企業、技術和科研界必須齊心協力，為 AI 和企業整體的數據堆叠找到更加可持續的方法。WEKA 承諾盡我們所能去實現。請等我們的好消息吧。」 如欲了解更多關於 WEKA 《可持續性 AI 倡議》的内容，請瀏覽 www.weka.io/sustainability. 關於 WEKA WEKA 正在引領數據儲存、管理和處理方式的模式轉變。我們幫助企業將其傳統的、停滯的數據孤島轉變為串流數據管道，以持續無縫的方式輸送給人工智能、機器學習和高性能運算等下一代應用負載。WEKA® Data Platform 是一種軟件定義的解決方案，專為混合雲端運用和人工智能時代構建的。其先進的雲端原生架構經過優化，可解決複雜的數據應用難題，無論是運行於本地、雲端、邊緣，還是混合及多雲端環境，都能提供 10-100 倍的性能提升。WEKA 正在推動研究和探索突破，並協助全球頂尖企業加速業務成長，其中有八家都在《財富》50 強企業之列。該公司業務版圖遍及世界各地 20 多個國家，並有數十家世界級投資者入資。如欲了解更多資訊，請瀏覽 www.weka.io，或在 Twitter、 LinkedIn、以及 Facebook上與我們保持聯絡。 關於 One Tree PlantedOne Tree Planted is a 501(c)(3) 非營利組織，他們的使命是讓任何人都可以簡單地為改善環境而種樹。 他們的項目遍及世界各地，與當地的社區合作 ，並携手資深專家，共同為自然、人類以及野生生物帶來積極影響。重新造林可幫助在火災和洪水之後重建森林，為社會提供就業機會，並恢復生物多樣性。很多計劃都與聯合國的可持續發展目標一致，并為之貢獻綜合效益。 如欲了解更多，請瀏覽 onetreeplanted.org WEKA 及 WEKA 標誌乃 WekaIO, Inc. 的註冊商標。此處使用的其他商業名稱可能為其他商標擁有著所擁有。 1 資料來源：計算機協會（Association for Computing Machinery） 技術政策委員會（Technology Policy Council）：Computing and Climate Change，2021年11月刊 https://dl.acm.org/doi/pdf/10.1145/3483410
Company Addresses AI's Sustainability Challenges Head-On with New Initiative That Aims to Raise Awareness, Ignite Conversations, and Identify Solutions to Mitigate AI's Energy and Carbon Impact CAMPBELL, Calif., March 1, 2023 /PRNewswire/ -- WekaIO (WEKA), the data platform provider for performance-intensive workloads, unveiled a new Sustainable AI Initiative today. The initiative aims to raise awareness of the rapid growth in global data center energy consumption and carbon emissions being driven by next-generation computing technologies like artificial intelligence (AI), machine learning (ML), and high-performance computing (HPC). Though these technologies power critical research, discoveries, and innovation, their use is inadvertently contributing to the acceleration of the world's climate and energy crises. Through its Sustainable AI Initiative, WEKA is committing to making climate-positive investments, igniting industry and societal conversations, and engaging and collaborating with leaders in the political, scientific, business, and technology communities worldwide to problem-solve and promote more efficient and sustainable use of AI. As a first step in that effort, the company announced it is partnering with One Tree Planted to contribute to its global reforestation projects, which support decarbonization and help mitigate the harmful effect of climate change. It plans to roll out additional programs over the next few months. AI's Sustainability ConundrumAI, ML and HPC are powering a new era of digital transformation and insights. Large-scale data processing, deep learning, and machine intelligence are dramatically increasing the pace of modern research, discovery, and scientific breakthroughs, fueling an unprecedented wave of innovation that society has only just begun to comprehend and utilize. These next-generation technologies hold immense potential to help society solve many of the most profound ecological, humanitarian, and business challenges – including the climate and energy crises. At the same time, these technologies are enormously power and performance-intensive to run, contributing to explosive growth in global energy use and greenhouse gas emissions. Compounding the issue, graphical processing units (GPUs), which are needed to train and run AI models, require a near-endless supply of streaming data to reach their full processing potential. Studies have shown that GPUs are typically underutilized and idle up to 70 percent of the time, waiting for data to fuel them due to latency and bottlenecks in the data pipeline. As a result, AI models can take days – even weeks – to train and run. From a sustainability perspective, this presents a massive issue. Industry sources estimate that data centers consume at least three percent of the global energy supply annually. AI's computational overhead has been doubling roughly every few months over the past decade, causing that to explode.1 "The public discourse around the benefits and ethics of AI has been robust and prolific, but rarely, if ever, does it touch on AI's environmental impact. It's time to change that," said Jonathan Martin, president at WEKA. "Our planet is experiencing severe distress. If we do not quickly find ways to tame AI's insatiable energy demands and reign in its rapidly expanding carbon footprint, it will only accelerate and intensify the very problems we hoped it would help us solve." Reforestation: An Important Piece In the Decarbonization Puzzle Trees are essential to the health of our planet, biodiversity, and reducing the harmful effects of climate change. Reforestation helps to remove carbon emissions, reverses nature loss, promotes biodiversity, and is consistently identified by scientists as a critical solution that can help contribute to decarbonization in the fight against climate change. Through its partnership with One Tree Planted, WEKA will plant 20,000 trees globally in 2023 and is pledging to plant ten trees for every petabyte of software it sells annually in the future. "We are excited to be working with WEKA to support global reforestation and reduce the harmful effects of climate change as part of its sustainable AI initiative," said One Tree Planted founder and Chief Environmental Optimist Matt Hill. "WEKA's commitment to planting trees for the software it sells is a prime example of how technology companies can contribute to nature and climate-positive change for our planet." "Trees provide one of the most effective means for capturing and removing carbon from our atmosphere to combat the damaging effects of climate change. WEKA is thrilled to partner with One Tree Planted to support its critical reforestation efforts," said Martin. "We also recognize that reforestation is only one piece of the decarbonization puzzle. It would be tempting to stop there, but there is much more work to be done. The business, technology, and scientific communities must work together to find ways to make AI and the entire enterprise data stack more sustainable. WEKA is committed to doing its part to help make that happen. Watch this space." To learn more about WEKA's Sustainable AI Initiative, visit www.weka.io/sustainability. About WEKA WEKA is leading a paradigm shift in how data is stored, managed, and processed. We help organizations to transform their traditional, stagnant data silos into streaming data pipelines that fuel next-generation workloads like AI, ML, and HPC seamlessly and sustainably. The WEKA® Data Platform is a software-defined solution purpose-built for hybrid cloud in the AI era. Its advanced cloud-native architecture is optimized to solve complex data challenges, delivering 10-100x performance improvements for next-generation workloads running on-premises, in the cloud, at the edge, or in hybrid and multicloud environments. WEKA is fueling research and discovery breakthroughs and accelerating business outcomes for leading global enterprises – including eight of the Fortune 50. The company operates in over 20 countries worldwide and is backed by dozens of world-class investors. For more information, visit www.weka.io, or connect with us on Twitter, LinkedIn, and Facebook. About One Tree PlantedOne Tree Planted is a 501(c)(3) nonprofit on a mission to make it simple for anyone to help the environment by planting trees. Their projects span the globe and are done in partnership with local communities and knowledgeable experts to create an impact for nature, people, and wildlife. Reforestation helps to rebuild forests after fires and floods, provide jobs for social impact, and restore biodiversity. Many projects have overlapping objectives, creating a combination of benefits that contribute to the UN's Sustainable Development Goals. To learn more, visit onetreeplanted.org WEKA and the WEKA logo are registered trademarks of WekaIO, Inc. Other trade names used herein may be trademarks of their respective owners. 1 Source: Association for Computing Machinery - Technology Policy Council: Computing and Climate Change, November 2021 https://dl.acm.org/doi/pdf/10.1145/3483410
BEIJING, Feb. 28, 2023 /PRNewswire/ -- As spring is ushered in, and as eased pandemic control regulations take effect, China's economy is moving back into top gear. The ninth episode of season two of Youth Power, titled "China's economy: the best days lie ahead", was broadcast online on Feb 28. In the episode, Gen Zers from China, Egypt, Germany, Kazakhstan, South Korea and the United States gathered to discuss economic development in China and around the world. A report to the 20th National Congress of the Communist Party of China last year said the country has advanced reform, opening up and socialist modernization and has written a new chapter on rapid economic growth and long-term social stability. In discussing the progress and future of China's economy, confidence was a word frequently mentioned by Gen Zers in the program. Their confidence on how China's economy will perform this year was based on the hard work of Chinese companies, as well as an environment of innovation, entrepreneurship and abundant opportunities. "China has always been a vibrant place, and I also think there's now this new wave of Chinese companies going global," said Jonas Wolf, a young businessman from Germany. The emphasis on education and the learning capacity of Chinese are the main reasons why he is confident in China's economy, he said. Uldana Zhunisbek, an international student from Kazakhstan, said China's technology is frequently used in her country. "You can see many Xiaomi scooters on the street … and we are importing a lot of cars from China, like Chery, one of the top ones right now." Moreover, in street interviews, Gen Zers in or from more than 10 countries spoke of their favorite Chinese brands, one observation being that many involve new technology or infrastructure. This proves that Chinese technology is advancing rapidly, powering an economy that is increasingly dynamic and competitive. With constant innovation and perpetual hard work, more quality Chinese products will enter the international market, Gen Zers who talked to Youth Power said. Government incentives and a friendly business environment in China will attract young business people from all over the world, they said. Wolf, impressed by China's creative start-ups, said: "The theme of Chinese business parks is really big (in Germany). And I think for every entrepreneurial venture … these are great opportunities." A South Korean businessman, Kim Jun-bum, spoke of entrepreneur-friendly policies adopted by the Chinese government, including the cluster registration policy and the start-up visa policy. "I believe entrepreneurs will enjoy brighter prospects from China's innovation-driven development," he said. Chen Shihua of Peking University said: "Today there are more than 48 million micro, small and medium-sized enterprises in China, and for every 1,000 Chinese there are 34 entrepreneurs. In the torrent of Chinese economic development, these invisible but significant entrepreneurs are millions of waves, dancing and blossoming in such a unique, beautiful and enthusiastic way." Yin Mingqi, a student at Tsinghua University in Beijing, said one of the most important sources of economic vigor in China is the government's support for those starting up their own business. Yin, of Taiwan province, told of producing culturally innovative products and helping villages create brands. "What China does is to give full play to the important role of rural areas as consumer markets and also as sector markets." As China makes an ever greater contribution to world economic growth, Gen Zers worldwide have seen for themselves the changes brought by China to their countries. Uldana Zhunisbek, the Kazakhstani, said her country is involved in the Belt and Road Initiative. "We get a lot of investment from China. It always helps us to grow. Another thing is that China is helping us with the infrastructure with a lot of machinery and with technology." Sarah Khattab from Egypt praised Chinese construction companies for their reliability and efficiency, and she listed several projects on which China and Egypt have collaborated, including the Chinese CBD project in the Egyptian capital, Cairo, a monorail project there, and the development of the Suez Canal. Enoch Wong, a guest from the Hong Kong special administrative region, said that in the past decade the Belt and Road Initiative has resulted in significant economic growth for a large part of the developing world, further contributing to global development. He expressed excitement and confidence over such collaboration. One view aired in the program was that when China does well, the world does well, and vice versa. The host, Zhong Yutong, who graduated from Fudan University in Shanghai and Cambridge University in England, said China's development now has an even bigger impact on the world, which has benefited greatly from the country's high-quality development, just as China has benefited from international prosperity. This year China begins fully to implement the guiding principles of the 20th CPC National Congress, and Gen Zers talked about their expectations for China's economy this year. Great emphasis was put on China's high-quality development, consumption and services. Young people from the US showed great interest in domestic and international dual circulation, a South Korea highlighted science and technology innovation and talent cultivation, and a German perspective was that the balance and coordination of China's economic development is important. The Gen Zers agreed that the economy has been highly resilient, vibrant and has tremendous long-term potential. As a generation focusing on innovation, hard work and opportunities, it is clear that Gen Zers will step forward and contribute to China's economy with utter confidence. Zhong Yutong said many business people, especially those from overseas, are excited about opportunities in China. "This confidence is very justified. In the past few years, China has opened its arms even wider to investors from outside the country, entrepreneurs otherwise not really known in China's mainland." Youth Power, organized by China Daily and first broadcast in June 2021, aims to build a global platform of communication and exchange, focusing on the interests and ideas of Generation Z. The program comes in the form of interviews, forums and speeches, with topics related to anything of current interest in the world.
FUZHOU, China, Feb. 28, 2023 /PRNewswire/ -- E-Home Household Services Holdings Limited (NASDAQ: EJH) (the "Company" or "eHome"), an integrated home services provider in China, the Company plans to acquire Fujian Liangjie Environmental Service Co.( the "Liangjie Environment" ). Liangjie Environment is a professional environmental service company integrating daily cleaning, reclamation cleaning, exterior wall cleaning, home service, stone maintenance, landscaping, four pests disinfection and sterilization, environmental monitoring and management, municipal sanitation, property management and other services. It has become a leading enterprise in the industry of Taijiang District of Fuzhou with an annual turnover of tens of millions of yuan and more than 1500 employees. The company's business covers Fujian Province and Guangdong Province, and has in-depth strategic cooperation with the top 20 enterprises in the property industry such as Vanke Property, Country Garden Property, Jinmao Property, Zhonghai Property, Shimao Property, etc. Mr. Wenshan Xie , Chairman and CEO of E-Home, commented: "eHome with a professional service team, has formed distinctive characteristics and significant advantages in personnel, machinery and equipment, technology and management experience through years of accumulation. Liangjie Environment has many patents for invention, a variety of high-tech cleaning equipment, adhering to the purpose of customer satisfaction, has been working hard on metal materials, sanitary ware (ceramic), floors, door panels and partitions, deodorization optimization and other cleaning services for many years. The proposed merger and acquisition of Liangjie Environment will qualitatively optimize and improve the original business market integration and development, urban service market development, team building and other modules, realize the integration of resources of both sides, the combination of industrial operation mode, and the optimization of team management, and promote the rapid development of the new industrial platform. " About E-Home Household Service Holdings Limited Established in 2014, E-Home Household Service Holdings Limited is a Nasdaq-listed household service company based in Fuzhou, China. The Company, through its website and WeChat platform "e-home", provides integrated household services, including 1) installation and maintenance of home appliances and smart homes; 2) Housekeeping, nanny, confinement nurse and cleaning services; 3) Internet elderly care + home-based elderly care; 4) Hospital care; 5) Nanny delivery platform. After years of development, the Company has formed two main services and four auxiliary services targeting at individual consumers (ToC) and business clients (ToB). 1) The ToC business focuses on nanny, confinement nurse, home-based elderly care and cleaning, and family comprehensive service supplemented by other housekeeping services. At present, it has successfully connected with metaverse technology to realize metaverse-based customer service as well as training of domestic workers. 2) The ToB business focuses on public cleaning and cleaning robotic equipment. Four auxiliary services include 1) docking and application of metaverse technology to housekeeping and cleaning industries; 2) online and offline sales of medicine and health food (including nannies and nursing workers); 3) training on nannies and nursing workers to engage in health care in physical stores; 4) human resources (flexible employment). E-Home has become a modern enterprise of comprehensive service for family life. The Company always adheres to the business philosophy of "solving every issue of customers with heart", and to the code of conduct of "doing everything well with heart". The Company aims to set the benchmark of the household service industry. For more information, visit the Company's website at http://www.ej111.com/ir.html. Forward-Looking Statement All statements other than statements of historical fact in this announcement are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions are intended to identify such forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to consider risk factors, including those described in the Company's filings with the SEC, that may affect the Company's future results. All forward-looking statements attributable to the Company and its subsidiaries or persons acting on their behalf are expressly qualified in their entirety by these risk factors.
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