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BEIJING, July 29, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced a blockchain-based privacy security protection framework will provide an innovative solution for secure data sharing and collaboration in smart cities, which not only integrates the advantages of decentralization, transparency, and immutability of blockchain technology, but also deeply integrates a variety of advanced encryption and authentication technologies, aiming to establish a sharing ecosystem for IoT data in smart cities that is both secure and efficient, and to ensure IoT data security and integrity. In the blockchain-based privacy and security protection framework, a decentralized network is first created through a secure initialization process where all participating IoT devices and users are subject to strict authentication and registration. This process uses public key infrastructure (PKI) to issue digital certificates to ensure the authenticity and legitimacy of each participant, laying a foundation of trust for subsequent data exchanges. In terms of data protection, the blockchain-based privacy and security protection framework employs a multi-layered encryption strategy. Data is encrypted when it is generated, and symmetric encryption algorithms such as AES are used to ensure data confidentiality in transit and at rest. Meanwhile, asymmetric encryption techniques (e.g., RSA) are used for key exchange to further enhance data security. In addition, data hash processing ensures data integrity and any unauthorized modifications to the data can be quickly detected. In addition, to ensure that only authorized users can access the data, the blockchain-based privacy and security protection framework implements strict access control mechanisms. This includes role-based access control as well as fine-grained attribute-based access control, which allows the system to dynamically adjust access rights based on users' roles, attributes, and contextual conditions. In addition, the introduction of one-time passwords strengthens the security of the login and transaction processes, effectively preventing replay attacks and unauthorized access attempts. WiMi's blockchain-based privacy security protection framework provides a comprehensive and innovative solution for the secure sharing of IoT data in smart cities. It not only solves the security vulnerabilities of traditional centralized repositories, but also realizes secure data transmission, storage and access control by combining blockchain and advanced encryption technologies, laying a solid foundation for the sustainable development of smart cities. In the future, with the continuous maturity of the technology and the expansion of application scenarios, the blockchain-based privacy security protection framework is expected to become important in pushing smart cities towards higher security standards and deeper data collaboration. About WIMI Hologram Cloud WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies. Safe Harbor Statements This press release contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company's strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.
SHANGHAI, July 29, 2024 /PRNewswire/ -- 111, Inc. (NASDAQ: YI) ("111" or the "Company"), a leading tech-enabled healthcare platform company committed to reshaping the value chain of healthcare industry by digitally empowering the upstream and downstream in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2024, before the U.S. market opens on Thursday, August 29, 2024. 111's management team will host an earnings conference call at 7:30 AM U.S. Eastern Time on Thursday, August 29, 2024 (7:30 PM Beijing Time on the same day). Details for the conference call are as follows: Conference Topic: 111, Inc. Second Quarter 2024 Earnings Conference CallRegistration Link: https://s1.c-conf.com/diamondpass/10040837-g09iyj.html All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will then be provided with the dial in number, the Passcode, and your unique access PIN. This information will also be emailed to you as a calendar invite. Please dial in 15 minutes before the call is scheduled to begin. To join the conference, simply dial the number in the calendar invite and enter the passcode followed by your PIN, and you will join the conference instantly. A live and archived webcast of the conference call will be available on the website at https://edge.media-server.com/mmc/p/a2w3gscg. A telephone replay of the call will be available after the conclusion of the conference call until September 5, 2024. China: 4001209216United States: +1-855-883-1031International: +61-7-3107-6325Conference ID: 10040837 About 111, Inc. 111, Inc. (NASDAQ: YI) ("111" or the "Company") is a leading tech-enabled healthcare platform company committed to reshaping the value chain of healthcare industry by digitally empowering the upstream and downstream in China. The Company provides consumers with better access to pharmaceutical products and healthcare services directly through its online retail pharmacy, 1 Pharmacy, and indirectly through its offline virtual pharmacy network. The Company also offers online healthcare services through its internet hospital, 1 Clinic, which provides consumers with cost-effective and convenient online consultation, electronic prescription service, and patient management service. In addition, the Company's online platform, 1 Medicine, serves as a one-stop shop for pharmacies to source a vast selection of pharmaceutical products. With the largest virtual pharmacy network in China, 111 enables offline pharmacies to better serve their customers with cloud-based services. 111 also provides an omni-channel drug commercialization platform to its strategic partners, which includes services such as digital marketing, patient education, data analytics, and pricing monitoring. For more information on 111, please visit: http://ir.111.com.cn/.
- Earnings Call Scheduled for 9:00 a.m. ET on August 2, 2024 - SINGAPORE, July 26, 2024 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), an apparel e-commerce retailer that ships products to consumers worldwide, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2024 before the open of U.S. markets on Friday, August 2, 2024. LightInTheBox's management will hold an earnings conference call at 9:00 a.m. Eastern Time on August 2, 2024 (9:00 p.m. Hong Kong/Singapore time on the same day). Preregistration Information Participants can register for the conference call by going to https://s1.c-conf.com/diamondpass/10040986-jh7t5r.html . Upon registration, participants will receive dial-in numbers, an event passcode, and a unique access PIN. To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the event passcode followed by your unique access PIN, and you will be connected to the conference instantly. A telephone replay will be available two hours after the conclusion of the conference call through August 9, 2024. The dial-in details are: US/Canada: +1-855-883-1031 Singapore: 800-101-3223 Hong Kong, China: 800-930-639 Replay PIN: 10040986 Additionally, a live and archived webcast of the conference call will be available on the Company's Investor Relations website at http://ir.lightinthebox.com. About LightInTheBox Holding Co., Ltd. LightInTheBox is an apparel e-commerce retailer that ships products to consumers worldwide. With a focus on serving its middle-aged and senior customers, LightInTheBox leverages its global supply chain and logistics networks, along with its in-house R&D and design capabilities to offer a wide selection of comfortable, aesthetically pleasing and visually interesting apparel that brings fresh joy to customers. LightInTheBox operates its business through www.lightinthebox.com, www.ezbuy.sg and other websites as well as mobile applications, which are available in over 20 major languages and over 140 countries and regions. The Company is headquartered in Singapore, with additional offices in California, Shanghai and Beijing. For more information, please visit www.lightinthebox.com. Investor Relations Contact Investor RelationsLightInTheBox Holding Co., Ltd.Email: ir@lightinthebox.com Jenny CaiPiacente Financial CommunicationsEmail: lightinthebox@tpg-ir.com Brandi PiacentePiacente Financial CommunicationsTel: +1-212-481-2050Email: lightinthebox@tpg-ir.com
FOSHAN, China, July 26, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the third quarter of fiscal 2024 ended May 31, 2024, on August 2, 2024, before the US market opens. The Company's management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on August 2, 2024. Dial-in details for the earnings conference call are as follows: Mainland China: 4001-201203 Hong Kong: 800-905945 United States: 1-888-346-8982 International: 1-412-902-4272 Participants should dial-in at least 5 minutes before the scheduled start time and ask to be connected to the call for "Bright Scholar Education Holdings Limited." Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.brightscholar.com/. A replay of the conference call will be accessible after the conclusion of the live call until August 9, 2024, by dialing the following telephone numbers: United States Toll Free: 1-877-344-7529 International: 1-412-317-0088 Replay Passcode: 8092477 About Bright Scholar Education Holdings Limited Bright Scholar is a global premier education service Group. The Company primarily provides quality international education to global students and equips them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education. For more information, please visit: https://ir.brightscholar.com/. Safe Harbor Statement This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company's business plans and development, which can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. IR Contact:Email: BEDU@thepiacentegroup.comPhone: +86 (10) 6508-0677/ +1-212-481-2050 Media Contact:Email: media@brightscholar.comPhone: +86-757-2991-6814
CALHOUN, Ga., July 25, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced second quarter 2024 net earnings of $157 million and earnings per share (“EPS”) of $2.46; adjusted net earnings were $192 million, and adjusted EPS was $3.00. Net sales for the second quarter of 2024 were $2.8 billion, a decrease of 5.1% as reported and 4.5% on an adjusted basis versus the prior year. During the second quarter of 2023, the Company reported net sales of $3.0 billion, net earnings of $101 million and EPS of $1.58; adjusted net earnings were $176 million, and adjusted EPS was $2.76. For the six months ended June 29, 2024, net earnings and EPS were $262 million and $4.10, respectively; adjusted net earnings were $310 million, and adjusted EPS was $4.85. Net sales for the first six months of 2024 were $5.5 billion, a decrease of 4.8% as reported and 5.0% on an adjusted basis versus the prior year. For the six months ended July 1, 2023, net sales were $5.8 billion, net earnings were $181 million and EPS was $2.84; adjusted net earnings were $288 million, and adjusted EPS was $4.51. Commenting on the Company’s second quarter results, Chairman and CEO Jeff Lorberbaum stated, “Our performance in the quarter reflected our focus on the controllable factors of our business, including sales initiatives, cost containment and restructuring actions. Our adjusted earnings per share rose as a result of productivity initiatives and restructuring as well as lower energy and material costs, partially offset by market pressure on pricing, mix and foreign exchange headwinds. We generated free cash flow of approximately $142 million during the quarter, for a total of $239 million year to date. In the quarter, we purchased approximately 755 thousand shares, or 1.2%, of our stock for approximately $90 million. Our second quarter results exceeded our expectations despite soft market conditions around the globe. The commercial channel continues to outperform residential, although some softness in the category is occurring. While the long-term demand for our products is strong, residential purchases across our geographies remain weak. During the quarter, the actions we have taken improved volumes in many product categories, though the gains were offset by consumers trading down and competitive pricing. Residential remodeling is under the greatest pressure as consumers continue to defer large discretionary purchases due to inflation and uncertainty about the future. In addition, flooring remodeling is significantly influenced by housing turnover rates, which remain suppressed due to elevated mortgage rates, higher home prices and the ‘locked-in effect’ on homeowners. To reduce costs and align our business with current conditions, we are initiating additional restructuring actions that will generate annualized savings of $100 million, of which $20-$25 million will be recognized this year. The cash cost of these actions is about $40 million, with a total cost of approximately $130 million. The execution timelines will vary by project, with some extending throughout 2025 and into 2026. Across the segments, we will idle less productive operations, consolidate regional warehouses and leverage technology to lower administrative costs. We will also retire less efficient equipment and simplify our product offering. Along with these actions, our teams are implementing many other measures to manage the current environment. For the second quarter, the Global Ceramic Segment reported a 3.4% decline in net sales as reported, or a 2.9% decline on an adjusted basis, versus the prior year. The Segment’s operating margin was 7.4% as reported, or 8.5% on an adjusted basis, as a result of the unfavorable impact of price and product mix and foreign exchange headwinds, partially offset by lower input costs and productivity gains. In addition to our restructuring initiatives, we are implementing numerous cost reduction projects across the Segment, including product re-engineering, process improvements and streamlining administrative functions. To improve our mix, we are investing in product differentiation with leading-edge printing, polishing and rectifying technologies. On May 10, the U.S. Department of Commerce announced the commencement of antidumping and countervailing duty investigations of ceramic tile imported from India. The U.S. ceramic tile trade association believes this could lead to tariffs between 400% and 800%. Given India’s widespread dumping, Mexico has increased import duties on Indian tile, and our other markets are currently investigating similar options. In the U.S., our high-end design capabilities, domestic manufacturing and extensive distribution infrastructure are enhancing our participation in the builder and commercial sectors. In Europe, our unit sales exceeded last year's levels as we leveraged our manufacturing and styling advantages to create higher value products. During the second quarter, our Flooring Rest of the World Segment’s net sales decreased by 8.3% as reported, or 7.0% on an adjusted basis, versus the prior year. The Segment’s operating margin was 9.0% as reported, or 12.6% on an adjusted basis, as a result of the unfavorable impact of price and product mix and more restructuring costs, partially offset by lower input costs and productivity gains. In Europe, market conditions remain slow with constrained consumer discretionary spending. Declining inflation led the European Central Bank to lower key rates on June 6, and additional cuts may follow. In this challenging environment, we focused on actions to drive sales, such as enhancing our product offering, executing promotions and implementing strategic marketing campaigns. As a result of these initiatives, our volumes in laminate, LVT and panels improved from the prior year’s low levels. In addition to our restructuring actions, we are launching many projects to improve productivity, enhance yields and lower labor costs. In the second quarter, our Flooring North America Segment's sales declined 4.3% versus the prior year. The Segment’s operating margin was 8.2% as reported, or 8.6% on an adjusted basis, as a result of lower input costs, productivity gains and less restructuring costs, partially offset by the unfavorable impact of price and product mix. Despite challenging market conditions, volumes improved year over year in some products and channels, though partially offset by price and mix dynamics. This year, we have expanded our relationships with larger U.S. home builders, which are increasing their share of the market. Sales of our LVT and laminate collections were stronger in the retailer and builder channels. Our recent laminate expansion is ramping up to satisfy higher demand for our waterproof flooring. The commercial sector continues to outperform residential, with hospitality, government and education channels leading, though fewer projects are being initiated. We anticipate present conditions continuing in the third quarter with elevated interest rates, inflation and weak housing sales impacting our markets. In the current environment, we are executing plans to optimize our revenues and costs. Our restructuring initiatives will deliver significant savings and enhance our performance when our markets recover. We continue to benefit from lower energy and raw material costs, partially offset by labor and freight inflation. In the third quarter, we anticipate pricing pressures will continue given low industry volumes, constrained consumer spending on larger purchases and consumers trading down. As usual, European summer holidays will seasonally impact our sales and performance. Given these factors, we anticipate our third quarter adjusted EPS to be between $2.80 and $2.90, excluding any restructuring or other one-time charges. While we manage the short-term environment, we are preparing to capitalize on the demand that occurs when the industry rebounds. Residential remodeling is our industry's largest category and should lead the recovery as interest rates decline and consumer confidence improves. Across our regions, new home construction and commercial projects will be initiated as the economy strengthens, and our product investments will enhance our participation. As the world’s largest flooring manufacturer, we have the innovative products, capabilities and financial strength to optimize our results as the market recovers.” ABOUT MOHAWK INDUSTRIES Mohawk Industries is the leading global flooring manufacturer that creates products to enhance residential and commercial spaces around the world. Mohawk’s vertically integrated manufacturing and distribution processes provide competitive advantages in the production of carpet, rugs, ceramic tile, laminate, wood, stone and vinyl flooring. Our industry leading innovation has yielded products and technologies that differentiate our brands in the marketplace and satisfy all remodeling and new construction requirements. Our brands are among the most recognized in the industry and include American Olean, Daltile, Eliane, Elizabeth, Feltex, Godfrey Hirst, Grupo Daltile, Karastan, Marazzi, Moduleo, Mohawk, Mohawk Group, Performance Accessories, Pergo, Quick-Step, Unilin and Vitromex. During the past two decades, Mohawk has transformed its business from an American carpet manufacturer into the world’s largest flooring company with operations in Australia, Brazil, Europe, Malaysia, Mexico, New Zealand, Russia and the United States. Certain of the statements in the immediately preceding paragraphs, particularly anticipating future performance, business prospects, growth and operating strategies and similar matters and those that include the words “could,” “should,” “believes,” “anticipates,” “expects,” and “estimates,” or similar expressions constitute “forward-looking statements.” For those statements, Mohawk claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. There can be no assurance that the forward-looking statements will be accurate because they are based on many assumptions, which involve risks and uncertainties. The following important factors could cause future results to differ: changes in economic or industry conditions; competition; inflation and deflation in freight, raw material prices and other input costs; inflation and deflation in consumer markets; currency fluctuations; energy costs and supply; timing and level of capital expenditures; timing and implementation of price increases for the Company’s products; impairment charges; identification and consummation of acquisitions on favorable terms, if at all; integration of acquisitions; international operations; introduction of new products; rationalization of operations; taxes and tax reform; product and other claims; litigation; geopolitical conflict; regulatory and political changes in the jurisdictions in which the Company does business; and other risks identified in Mohawk’s SEC reports and public announcements. Conference call Friday, July 26, 2024, at 11:00 AM Eastern Time To participate in the conference call via the Internet, please visit http://ir.mohawkind.com/events/event-details/mohawk-industries-inc-2nd-quarter-2024-earnings-call. To participate in the conference call via telephone, register in advance at https://dpregister.com/sreg/10190272/fceb831600 to receive a unique personal identification number. You can also dial 1-833-630-1962 (US/Canada) or 1-412-317-1843 (international) on the day of the call for operator assistance. For those unable to listen at the designated time, the call will remain available for replay through August 23, 2024, by dialing 1-877-344-7529 (US/Canada) or 1-412-317-0088 (international) and entering Conference ID #1152692. The call will be archived and available for replay under the "Investor Information" tab of mohawkind.com for replay for one year. The Company supplements its condensed consolidated financial statements, which are prepared and presented in accordance with US GAAP, with certain non-GAAP financial measures. As required by the Securities and Exchange Commission rules, the tables above present a reconciliation of the Company’s non-GAAP financial measures to the most directly comparable US GAAP measure. Each of the non-GAAP measures set forth above should be considered in addition to the comparable US GAAP measure, and may not be comparable to similarly titled measures reported by other companies. The Company believes these non-GAAP measures, when reconciled to the corresponding US GAAP measure, help its investors as follows: Non-GAAP revenue measures that assist in identifying growth trends and in comparisons of revenue with prior and future periods and non-GAAP profitability measures that assist in understanding the long-term profitability trends of the Company's business and in comparisons of its profits with prior and future periods. The Company excludes certain items from its non-GAAP revenue measures because these items can vary dramatically between periods and can obscure underlying business trends. Items excluded from the Company’s non-GAAP revenue measures include: foreign currency transactions and translation; more or fewer shipping days in a period and the impact of acquisitions. The Company excludes certain items from its non-GAAP profitability measures because these items may not be indicative of, or are unrelated to, the Company's core operating performance. Items excluded from the Company's non-GAAP profitability measures include: restructuring, acquisition and integration-related and other costs, legal settlements, reserves and fees, impairment of goodwill and indefinite-lived intangibles, acquisition purchase accounting, including inventory step-up from purchase accounting, adjustments of indemnification asset, adjustments of uncertain tax position and European tax restructuring. Contact: James Brunk, Chief Financial Officer (706) 624-2239
Delivery of live signals over OBS Live Cloud becomes the main method of remote distribution to broadcasters – making another milestone in Olympic Games broadcasting Content+ Portal ensures seamless delivery of content and Multi-Camera Replay Systems provides frame-freeze slow-motion replays PARIS, FRANCE - Media OutReach Newswire - 25 July 2024 - Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, and Olympic Broadcasting Services (OBS), has today announced the launch of OBS Cloud 3.0 for the Olympic Games Paris 2024 (Paris 2024). A combination of cloud technologies powered by AI, OBS Cloud 3.0 makes the work of OBS and Media Rights-Holders (MRHs) easier and more efficient. For Paris 2024, OBS Cloud 3.0 will serve as the backbone infrastructure supporting several critical functions, fully utilizing the benefits of cloud technologies including operational scalability and cost-efficiency, improved sustainability with enhanced remote working capabilities, effective real-time workflow collaboration, and more. As part of OBS Cloud 3.0, OBS Live Cloud has become the main method of remote distribution to Media Rights-Holders (MRHs) for the first time in the history of the Olympic Games, taking over from satellite which was launched during the Olympics Games Tokyo 1964. For Paris 2024, two-thirds of booked remote services (across 54 broadcasters) are now using OBS Live Cloud including 2 Ultra High Definition (UHD) broadcasters. 379 video (11 UHD, 368 HD) and 100 audio feeds will be transmitted via the Live Cloud. With the benefits of low latency and high resilience, content transmission via cloud has outperformed other methods of distribution when it comes to scalability, flexibility and cost while increasing the stability and agility of worldwide broadcasting of the largest sports event. Debuted at the Olympic Games Tokyo 2020 with an UHD broadcaster, OBS Live Cloud was offered as a standard service for the first time during the Olympic Winter Games Beijing 2022 with 22 subscribed broadcasters. Prior to this technology breakthrough, broadcasters had to rely on dedicated and more costly international telecommunication optical circuits and spend a considerate amount of time to set up the equipment, in order to send live footage halfway across the globe back to their home countries. At the launch of the OBS Cloud 3.0 during the Alibaba Cloud International Broadcasting Centre (IBC) showcase opening, Yiannis Exarchos, OBS Chief Executive Officer, said, "With approximately half of the world's population watching the Games, technologies like Alibaba Cloud help us tell the stories of the best athletes in the world, but also bring the world together in ways which are more exciting and inspirational. Broadcasting the Games is fundamental in trying to do that, and having partners like Alibaba that help us bring this dream to life are very valuable for us!" A record-breaking 11,000 hours of Olympic Games content available via Content+ on the cloud Content+, OBS' content delivery platform remains fully hosted on Alibaba Cloud, and continues to simplify remote production workflows and ensures seamless content delivery including live sessions, athlete interviews, behind-the-scenes footage and social media content. For Paris 2024, OBS will produce more than 11,000 hours of content – a 15% increase from Tokyo 2020. The streamlined approach of this cloud-based portal simplifies remote production workflows and ensures seamless content delivering without disruption during the Games. New functionalities in Content+ allow MRHs to create their own highlights from any location in the world in far shorter turnaround time. Content can be downloaded in three different resolutions facilitating usage including linear, digital and/or social. Offering worldwide MRHs access to the wealth of Games content produced by OBS, Content+ will deliver content in UHD for the first time through Alibaba Cloud's robust global infrastructure. This empowers broadcasters to produce even more engaging and refined content, with new features like vertical screen compatibility for optimal viewing on mobiles or other devices. Selina Yuan, President of International Business at Alibaba Cloud Intelligence, said, "We are very excited to see the evolution of Olympic broadcasting from Tokyo 2020 to Paris 2024, enabled by Alibaba Cloud's extensive global infrastructure and proven AI technologies. The partnership between Alibaba Cloud and OBS amplifies our commitment to help transform the viewer experience at the Olympic Games, turning technology innovations into practical applications for tangible results. We are honored to support Paris 2024 as the most digitally compelling Olympics ever." AI-Enhanced Replay Systems Elevate Viewing Experience During Paris 2024, the OBS Multi-Camera Replay Systems will provide frame-freeze slow-motion replays of athletes' performances, allowing hardcore sports fans to access detailed information for deeper analysis of the athlete movements. For new viewers, these replays can serve as educational tools for better understanding of the Games at key moments. All the multi-camera replay systems used at Paris 2024 will be provided by Alibaba Cloud. These include 17 systems across 14 venues covering 21 sports and disciplines - including rugby sevens; badminton; athletics track and field; basketball; beach volleyball; table tennis; wrestling; tennis; judo; breaking; BMX freestyle; and skateboarding. The footage will be sent to the cloud, where Alibaba Cloud's AI-driven computing capabilities enable live spatial reconstruction and real-time 3D rendering, before the chosen moments are shared as a replay through live or non-live feeds. The seamless reconstruction of the most exciting moments only takes seconds to get ready in the cloud and integrated as part of the live coverage. Additionally, OBS Olympic Video Player (OVP), an advanced multi-platform video player service, will also leverage Alibaba Cloud's infrastructure to support UHD live streaming for the first time. The OVP service provides MRHs, especially small and medium-sized organizations, with a turnkey solution to deliver high-quality videos to their audiences without complex in-house development. Joined as an Olympic Worldwide Partner in January 2017, Alibaba Cloud and OBS launched OBS Cloud in 2018. The leading cloud company supported Tokyo 2020 as the first Olympic Games to be broadcasted via the cloud and has been working with OBS since to help maintain the highest Olympic broadcasting standards with its proven cloud technologies. Hashtag: #Alibaba #Olympics #SustainabilityThe issuer is solely responsible for the content of this announcement.About Alibaba CloudEstablished in 2009, Alibaba Cloud (www.alibabacloud.com) is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, big data analytics, machine learning and artificial intelligence (AI) services. Alibaba has been named the leading IaaS provider in Asia Pacific by revenue in U.S. dollars since 2018, according to Gartner. It has also maintained its position as one of the world's leading public cloud IaaS service providers since 2018, according to IDC.
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