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BEIJING, Aug. 25, 2023 /PRNewswire/ -- BRICS leaders agreed on Thursday to invite six countries, namely Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates, to join the group. The announcement was made at a press conference during the 15th BRICS Summit, attended by Chinese President Xi Jinping and other BRICS leaders including South African President Cyril Ramaphosa, Brazilian President Luiz Inacio Lula da Silva and Indian Prime Minister Narendra Modi. Russian President Vladimir Putin participated virtually. The six countries' membership will take effect on January 1, 2024. Speaking at the press conference, the Chinese president called on BRICS members to work together to write a new chapter of solidarity and cooperation among emerging markets and developing countries for development. Fresh vitality, new impetus At the press conference, the five BRICS leaders offered their congratulations to these six countries and expressed confidence in the bloc's future development. "The BRICS expansion is historic and a new starting point for BRICS cooperation," said President Xi. He hailed the expansion, saying it will inject fresh vitality into the BRICS cooperation mechanism and further strengthen the forces for world peace and development. Xi said he believes that as long as the BRICS countries pull together, a lot can be achieved through BRICS cooperation, and a promising future awaits the member countries. Noting BRICS countries have reached agreement on the guiding principles of the BRICS expansion process, Ramaphosa, who chaired the press conference, told reporters, "We value the interests of other countries in building the partnership of BRICS." Through the summit, BRICS has begun a new chapter in its efforts to bring about a world that is fair, inclusive and prosperous, he added. Lula pointed out that the interest of other countries to join the BRICS showed how relevant its pursuit of a new world economic order is. Showing full support for BRICS expansion, Modi said, "India has always believed that the addition of new members will further strengthen BRICS as an organization, and it will give our shared efforts a new impetus." BRICS expansion "will also strengthen the belief of many countries in the multipolar world order," he added. On the other hand, Putin vowed to establish practical interaction with new members and continue working to expand the association's influence in the world. Why do countries want to join BRICS? According to President Ramaphosa, more than 40 countries have expressed interest in joining BRICS, and 22 have formally asked to be admitted. The Chinese president's remarks at the press conference shed light on why joining the BRICS group has become an attractive goal for countries in the developing world. "The expansion reflects the resolution of the BRICS countries to unite and cooperate with other developing countries, meets the expectations of the international community, and serves the common interests of emerging markets and developing countries," Xi said. Despite turbulence in the international landscape, BRICS, covering over 40 percent of the global population and accounting for a quarter of the global economy, has made remarkable achievements in cooperation, helping promote common development and address global challenges, including the widening economic gap between the North and the South, climate change and digital governance. The BRICS-founded New Development Bank (NDB), headquartered in Shanghai, offers a glimpse into the group's efforts to tackle the infrastructure and development challenges faced by emerging economies while advancing the United Nations' 2030 Agenda for Sustainable Development. As the first global multilateral financial institution initiated wholly by developing countries, the NDB has approved 98 projects with a total value of $33.2 billion, providing a strong guarantee for infrastructure construction and sustainable development in emerging markets and developing economies and contributing to global growth. The NDB has also deepened its green and sustainable credentials, as around 40 percent of the bank's projects are focused on climate change mitigation and adaptation. In the digital field, the group has drawn up the BRICS Digital Economy Partnership Framework, emphasizing the commonalities and complementarities of BRICS members in the digital economy. China is a key investor and trade partner in the BRICS group. China's imports and exports with other BRICS members expanded 19.1 percent year on year to 2.38 trillion yuan (about $330.62 billion) during the January-July period, data from the General Administration of Customs showed. https://news.cgtn.com/news/2023-08-24/BRICS-announces-new-members-1mwR9byHOp2/index.html
SHENZHEN, China, Aug. 25, 2023 /PRNewswire/ -- TCL, a leading global intelligent technology company, is once again convening basketball fans and followers around the world for the greatest moments in sports at the FIBA Basketball World Cup 2023, tipping off today in the Philippines, Japan, and Indonesia. "We are thrilled to celebrate the coming together of the world's best players from basketball's powerhouse countries across the globe for this premier competition," said Vice President of TCL Technology and Chairman of the TCL Charity Foundation. "With the spirit of sports embedded in our DNA, TCL looks forward to again connecting players, fans and the global community and igniting greatness through sports and technology." Similar to previous years, TCL will enjoy premium brand visibility on the tournament's courts, as well as its online, offline and mobile promotional channels. In addition, the company will present the "TCL Player of the Game" award at the end of each game. Prior to the tournament, TCL also supported FIBA Marketing in an intensive three-day planning workshop in March for partners and facilitators in the Philippines. A longstanding cooperation that underpins the spirit of sports TCL's journey as a FIBA Global Partner started in 2018 as part of the company's well-established, global premium sports sponsorship program. Over the following years, TCL has played a key role in the growth of the basketball community, particularly in women and girls, by encouraging them to participate in the sport and define their greatness through "Her World, Her Rules", one of FIBA's most recognized initiatives in women's basketball which aims to increase the number of female players through a range of activities delivered with support from National Federations. Committed to inspiring young female hoopers around the world to break through limitations and believe in themselves, TCL introduced the "Break & Believe" campaign in 2022 under its global #TCLforHer pillar, dedicated to empowering girls and women across the world. To fuel girls' interest in the sport, current and former players and coaches shared stories about how they grew in self-confidence by playing basketball, and how they overcame challenges in their careers and broke barriers. A greater viewing experience for sports fans Through its longstanding history of sports partnership, TCL advocates the power of sports in uniting global fans and inspiring greatness everywhere – whether in sports ranging from football, basketball to rugby, or in everyday living through its ecosystem of products that continues to improve lives and experiences. With its lineup of high-quality TV products, TCL brings exceptional and immersive viewing experiences to sports fans worldwide. The latest 55-inch C648 QLED TV is ideal for those planning to enjoy this year's FIBA World Cup in the comfort of their own homes. Featuring Dolby Vision and High Dynamic Range (HDR), it delivers outstanding image detail and captures every fast motion on the basketball court. In host country Japan, TCL also recently launched the new 98-inch C955 Mini LED TV. With an expansive 4K Mini LED display and high refresh rate, it allows basketball enthusiasts to enjoy the authentic atmosphere at the FIBA courts right at home, while faithfully capturing the intensity of every game and the expressions of every player to provide a truly lifelike visual experience. Thanks to innovative technologies and strategic partnerships, TCL has empowered all forms of greatness, big or small, both on and off the basketball court. Aligned with its vision to Inspire Greatness, TCL continues to inject energy and passion into the sport of basketball as a FIBA Global Partner by promoting inclusion of women and girls, presenting a spectacular tournament, and granting fans around the world a first-class viewing experience as they prepare to witness some of the greatest moments in sports history. About TCL TCL is a leading global intelligent technology company with a mission to "Inspire Greatness". As a leading technology company, TCL provides diversified consumer electronics covering TVs, smartphones, audio and smart home products, as well as display technology and clean energy solutions. TCL is committed to bringing smart technology experiences and healthy lifestyles to consumers around the world.
Juvo leverages its cutting-edge identity-scoring technology to address the challenges of financial inclusion enabling millions of consumers to gain access to fair financial services. SAN ANTONIO, Aug. 24, 2023 /PRNewswire/ -- Frost & Sullivan recently researched the inclusive digital credit industry and, based on its findings, recognizes Juvo with the 2023 Latin American Technology Innovation Leadership Award. Juvo is a trendsetting fintech company established in 2014 that leverages its highly differentiated identity and credit scoring solutions to establish financial identities and support inclusive credit services in various Latin American countries, such as Brazil, Paraguay, Bolivia, Colombia, El Salvador, Guatemala, and Honduras. The fundamental value of Juvo's vision is to capitalize on data from mobile transactions to offer individuals access to credit through its exclusive credit analysis platform. The platform relies on solid financial indicators to gather information on mobile user behavior, such as creditworthiness and customer preferences, to determine lending potential and credit risk. Furthermore, Juvo partners with world-class mobile operators to tap into usage patterns around prepaid mobile services and address the coverage gaps of traditional credit bureaus. As a result, its state-of-the-art technology makes Juvo's assessment highly efficient and accurate. Additionally, it facilitates the inclusion of a demographic segment into the financial system that would otherwise have no access to credit due to insufficient financial data. "By applying predictive analytics, data science, and behavioral analytics to incremental borrowing and repayment transactions, Juvo has built 250 million financial identities worldwide, driving financial and credit inclusion of 68% of the global adult population with no formal credit histories," said Nikita Pradeep Talnikar, research analyst at Frost & Sullivan. In Brazil, Juvo has been providing micro-loans to the prepaid population of millions of Brazilians via their mobile devices, amassing a unique data set and proprietary scoring algorithms on almost 100% of the population. Combining this proprietary data with proven algorithms, Juvo can uniquely target, score and provide fair financial services to the sub-prime Brazilian market with unprecedented repayment rates. Juvo's services are enabling ultra-competitive interest rates to be offered, fundamentally changing the economics of sub-prime financial services to unlock a multi-billion market that to date has been uneconomical all the while enabling millions and millions of D & E class Brazilians to gain access to credit often for the first time. Juvo's impressive efficiency is driving the company's tremendous growth in large markets such as Brazil, where its deep understanding of consumers and their consumption patterns has enabled it to offer credit to over 11 million Brazilians. "Juvo's concentrated efforts toward making data-backed lending decisions have been the bedrock of its commercialization success", noted Talnikar. Along with direct-to-consumer strategy, Juvo has partnered with other financial services and retail marketplaces who also identified the big opportunity and competitive advantage to expand financial services to millions of underserved consumers. With its strong overall performance, Juvo earns Frost & Sullivan's 2023 Technology Innovation Leadership Award in the Latin America inclusive digital credit industry. Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid acceptance in the market. The award recognizes the quality of the solution and the customer value enhancements it enables. Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry. About Frost & Sullivan For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact: Kristen MooreP: +1 (210) 247-3823E: kristen.moore@frost.com About JuvoJuvo is a pioneer of financial identities for the underbanked. The company's mission is to create the YES Economy by closing the information gap for the 3.9 billion people worldwide who are locked out of the formal economy due to a lack of credit history. In partnership with leading mobile network operators and financial institutions, Juvo leverages previously untapped data sources to build comprehensive financial identities, allowing billions of underbanked consumers to qualify for credit and other financial services at dramatically lower interest rates often for the first time. Headquartered in San Francisco with regional headquarters in São Paulo, Juvo's has built over 270 million financial profiles and unlocked more than a billion transactions to date. For more information, find us at www.juvo.com. Contact: Murilo MenezesGM, Latin America | Juvomurilo.menezes@juvo.com
COP28 will elevate water on the climate agenda and seek to drive forward progress and raise ambition. The COP28 Water Agenda identifies three priority areas for programming at Water Day during COP28's two-week thematic program: conserving and restoring freshwater ecosystems, enhancing urban water resilience, and bolstering water-resilient food systems. The COP28 Presidency also announced a partnership with the co-hosts of the UN 2023 Water Conference, Netherlands and Tajikistan, who will serve as COP28 Water Champions to help lead the Agenda. COP28's two-week thematic program includes a special day dedicated to exploring climate action across food, agriculture, and water. It will also see the first UNFCCC high-level dialogue on water resilient food systems. STOCKHOLM, Aug. 24, 2023 /PRNewswire/ -- The COP28 UAE Presidency has launched its Water Agenda during World Water Week in Stockholm, which took place from August 20 to 24. COP28 announced its top priority areas, which include conserving and restoring freshwater ecosystems, enhancing urban water resilience, and bolstering water-resilient food systems. Furthermore, the COP28 Presidency announced a partnership with the Netherlands and Tajikistan to serve as COP28 Water Champions. This partnership aims to build upon outcomes and momentum from the UN 2023 Water Conference held in March, which was co-hosted by the Netherlands and Tajikistan, and resulted in the Water Action Agenda. COP28 aims to give unprecedented attention to water risks and opportunities across the agenda, from agriculture to disaster prevention. This partnership unites the COP28 Presidency, Tajikistan, and the Netherlands to deliver water policy, technology, and financing results at COP28. Support from the Netherlands and Tajikistan is essential to ensuring progress and commitments from the UN Water Conference are driven forward. Her Excellency Razan Al Mubarak, UN Climate Change High-Level Champion for COP28, spoke on the launch of the Water Agenda and partnership, saying, "Climate change profoundly affects water through flooding, droughts, and sea level rises, impacting homes, ecosystems, and livelihoods. Yet water is not only essential for human survival, health, and food systems, but it's also fundamental to nature's balance and the flourishing of biodiversity. With the COP28 Water Agenda, in collaboration with the Netherlands and Tajikistan, we seek to bridge the insights from the UN Water Conference with the climate community, amplifying our adaptation and mitigation efforts." Tajik Minister of Economic Development and Trade, His Excellency Mr. Zavqi Zavqizoda, welcomed the partnership and expressed his commitment to co-lead COP28's Water Agenda. "I am pleased that Tajikistan and the Netherlands have recently been invited by the UAE to co-lead the Water Agenda at COP28. We are honored to have this great role and express our strong commitments to work hard to bring water on the top of the climate agenda, since water plays a critical role both in terms of climate adaptation and mitigation and thus greatly contributes to achieving climate resilience," he said. René van Hell, Ambassador for Sustainable Development, Ministry of Foreign Affairs, Kingdom of the Netherlands, also stated, "We need collective action on water and climate now. As co-host of the UN 2023 Water Conference, we firmly believe that the Water Action Agenda commitments, the pathways of change of the Global Commission on the Economics of Water, and other initiatives are the backbone for the realization of our goals. Our cooperation will support that, from New York to Dubai, and from Dubai to the world. Tangible outcomes on water and climate at COP28 are essential. There's no time to waste. We have to act, all together, from public to private sector leaders. And we will." This collaboration will help put nature, people, lives and livelihoods at the heart of climate action. Stuart Orr, Freshwater Practice Leader, WWF International, said, "We welcome the partnership with the COP28 Presidency to restore 30% of degraded freshwater ecosystems by 2030, leveraging the Freshwater Challenge. Rivers and wetlands are among our greatest allies in adapting to the climate crisis and need urgent attention and investment that benefits not only nature but also people across the world." The UAE and Brazil will also co-host the first UNFCCC high-level dialogue on building water resilience in food systems at COP28, bringing together ministers, the private sector, international organizations, and civil society to assess water and food resilience within National Determined Contributions (NDCs) and National Action Plans (NAPs). It will take place on Food, Agriculture and Water Day during COP28's two-week thematic program. The first day of its kind, it will focus on innovation investment, regenerative agriculture, and national transformation pathways, underpinned by financing mechanisms. Water programming will look at freshwater restoration and conservation, infrastructure for urban water resilience, and integrated governance and management of water-food systems. Billions of people worldwide are now facing severe droughts, floods, and water contamination due to climate change, further undermining food security, community cohesion, and economic development. These climate impacts worsen existing challenges around clean drinking water access and sanitation. Notes to Editors COP28 UAE: COP28 UAE will take place at Expo City Dubai from November 30-December 12, 2023. The Conference is expected to convene over 70,000 participants, including heads of state, government officials, international industry leaders, private sector representatives, academics, experts, youth, and non-state actors. As mandated by the Paris Climate Agreement, COP28 UAE will deliver the first ever Global Stocktake – a comprehensive evaluation of progress against climate goals. The UAE will lead a process for all parties to agree upon a clear roadmap to accelerate progress through a pragmatic global energy transition and a "leave no one behind" approach to inclusive climate action.
Managed care business delivers robust performance Market leadership in corporate health management drives loss narrowing by 47.2% HONG KONG and SHANGHAI, Aug. 24, 2023 /PRNewswire/ -- Ping An Healthcare and Technology Company Limited ("Ping An Good Doctor" or "Ping An Health", Stock Code: 1833.HK) presents its 2023 interim results. Closely integrated into Ping An's "integrated finance + healthcare" strategy, Ping An Health has consistently pursued its unique business model of "managed care + family doctor memberships + O2O healthcare services", continuing to exemplify a model example of China's managed care system. During the period, business restructuring was essentially completed, and the proportion of strategic business revenue continued to rise. The Company achieved revenue of approximately RMB2.22 billion, with the proportion of medical service revenue increasing to 46.5%. Revenue generated from corporate health management and the cumulative number of paying users grew significantly. With continuous optimisation of the business structure and a significant impact on cost reduction and efficiency enhancement, the gross profit margin further increased by 5.6 percentage points year-on-year, reaching 32.2%. In addition, the net loss was significantly reduced by 47.2% year-on-year to RMB244.9 million. This notable improvement expedites progress towards the ultimate profitability target. Ping An Health Announces 2023 Interim Results Corporate health management market sets benchmark, demonstrates significant synergy in integrated finance + healthcare Drawing upon core competitive advantages including a comprehensive supplier network, leading services, extensive payer resources and strong eco-system empowerment, Ping An Health has further deepened its exploration and implementation of the managed care model. This rapid expansion within China's corporate health management field has resulted in the Company achieving a position of market leadership. As of end of June 2023, the number of enterprises served by the Company totalled 1,198, marking an increase of 449 from the same period of the previous year. This encompassed 3.9 million enterprise employees and users, with the number of paying accounts exhibiting consistent growth over the past 12 months, exceeding 45 million. During the period, the contract renewal rate for the Company's existing large-scale enterprise customers approached 90%. During the period, the Company underwent a revamp of its "Enterprise EZHealth" corporate employee health management product system. This transformation yielded a differentiated product and service matrix with a substantial competitive edge, catering to the diverse needs of various enterprises while comprehensively promoting workplace well-being. This was realized through two primary solutions: "Health Checkup +" and "Health Management +". A case in point involves a prominent state-owned financial enterprise, wherein Ping An Health offered over 10,000 employees and their families booking services at tertiary hospitals and renowned health check-up organisations across the country. Furthermore, customised packages encompassing consultation services, accompanied medical check-ups, and post-diagnosis reports were provided through the integration of the Company's internal resources. This effectively resolved the complex challenge of delivering healthcare to a widespread company workforce with varying geographical needs. Notably, an offline service satisfaction survey revealed a remarkable employee satisfaction rate of 98%. In addition, the newly launched '1 Question 3 Worry-free' product system strives to provide a medical and health management solution, ensuring enterprise users are free from concerns about chronic diseases, medical treatment, and serious illnesses, thereby bolstering the Group's comprehensive financial business across all facets. Furthermore, employing the business model of "deep collaboration, "procurement of benefits, and value-added services", the Company has consistently aided the integrated financial business in customer acquisition, stickiness, re-engagement and penetration of users. For instance, in the "insurance + healthcare" domain, the Company has continued to enhance the "Zhen Xiang RUN (2023)" healthcare service plan in partnership with Ping An Life, resulting in an upgraded "insurance with warmth" concept. This approach includes a "user-focused" tiered member operation system, providing a range of 18 healthcare services encompassing family doctors, healthcare management plans, health check-ups, and chronic disease prevention and control. This comprehensive plan caters to users' pursuit of a high-quality and diversified healthy life. Corporate clients increasingly recognize Ping An Health's comprehensive service capability due to its high-quality, full-lifecycle services delivered. During the period, the number of paying users originating from Ping An's integrated financial channels exceeded 38 million, constituting a penetration rate of approximately 16.6% among Ping An's nearly 229 million personal financial users. Fortifying the foundation of healthcare services: strengthened role of family doctors within the service network of "online, in-store and delivery to home/corporate " The foundation of Ping An Health lies in its medical and healthcare service capabilities. During the period, the Company established a comprehensive closed-loop service management system, encompassing "Online + Offline", "In-hospital + Out-of-hospital", and "Medical + Healthcare" services. This intricate system comprises 830 distinct sub-services, each guided by its dedicated standard operating procedures. A paramount focus was placed on cultivating medical quality and safety management capabilities, leading to the creation of a three-tier medical quality and safety management system. Through a collaborative mechanism involving multiple departments and shared governance, coupled with the implementation of various management policies, the Company effectively bolstered its achievements in quality and safety management, consistently maintaining a patient satisfaction rate exceeding 98%. At the core of the Company's healthcare services stands Ping An Family Doctor, delivering comprehensive "online, in-store, and delivery to home/corporate" management along the entire service journey. As of 30 June 2023, Ping An Family Doctor offers users the efficiency of 24/7 online availability, with responses within 60 seconds, and delivery of medicines to 249 cities nationwide within an hour. Moreover, users are seamlessly connected to a network encompassing nearly 4,000 hospitals, 226,000 pharmacies, nearly 103,000 health service institutions, and over 2,000 health checkup institutions. Ensuring service quality and optimizing user experience remain priorities for Ping An Health. This led to the development of a comprehensive "4S supply management process system," covering the entire spectrum from supplier admission and exit. This includes meticulous service quality reviews, access accreditation, site visits, risk control, and more, all designed to facilitate efficient and precise alignment with user demands. AI technology powers diverse business scenarios: 'Thousands of People, Thousands of Faces' - customized digital health check-up solutions in new era of digital intelligence After years of development, Ping An Health has autonomously created an AI-based diagnostic and treatment system. Presently, it encompasses diagnostic knowledge of over 2,000 diseases, boasting a diagnostic accuracy surpassing 99%. This empowers medical practitioners with a heightened knowledge base and amplified efficiency in delivering medical services. A distinctive innovation within the Company, the "PINGAN GPT" - Askbob Doctor's Station, has catered to over 1.4 million doctors spanning 46,000 medical institutions across the nation. Impressively, it provides medical assistance decisions approximately 270,000 times each day. During the reporting period, Ping An Health embarked on a pioneering journey by establishing the "Medical Health Check-up Research Institute". This institute is steadfastly dedicated to research in the field and consistently furnishes enterprises with "1+N+X" tailor-made health checkup service solutions. Operating via the Ping An Health App, a digital nexus connecting numerous health check-up institutions, the Company proffers 1,000 health check-up packages to 1,000 individuals. These encompass thorough and comprehensible post-examination interpretations and health management strategies, effectively aiding enterprises and employees in resolving health issues more proficiently. The establishment of the Digital Insight Research Institute further amplifies the Company's prowess. Through extensive data harnessed from diverse integrated channels, it evaluates users' medical habits and needs, providing all-scenario, full-lifecycle digital marketing solutions for partner products. Moreover, the Company's shrewd business model continues to evolve, culminating in deep integration with medical devices, wearables, and smart speakers, offering a seamless "hardware + service" solution. Notably, an intensified partnership with Huawei in the field of "Smart Wearable + Health Service" has facilitated services to numerous users via products like the Huawei Watch D. In the pursuit of sustainable development, the Company's board of directors established a dedicated Sustainability Committee. Leveraging corporate responsibility, the Company actively contributed to improved healthcare accessibility. This endeavor entailed the construction and modernization of 1,228 rural health clinics in remote locales, training over 11,000 village doctors, and fostering 10,000 village doctor-volunteer partnerships. These initiatives have tangibly elevated basic healthcare services in various regions. Additionally, the Company was granted the ISO 27799 Personal Healthcare Information Security Management System Certification, solidifying its position as the initial enterprise in the internet healthcare sector to secure such recognition from DNV. Notably, Ping An Health has received an A-grade ESG rating from MSCI for two consecutive years. Since its inception, Ping An Health has remained steadfastly dedicated to bridging doctors and patients with professionalism and safeguarding everyone's health Fang Weihao, Chairman and CEO of the Company, expressed that the Company will unwaveringly uphold its value proposition of "worry-free, time-saving, and money-saving". It will continue to deeply fathom user needs, enhance its array of products and services, and ardently contribute to the nation's health industry in alignment with the "Healthy China" initiative. About Ping An Healthcare And Technology Company Limited Ping An Healthcare and Technology Company Limited ("Ping An Good Doctor" or "Ping An Health"; Stock Code: 1833.HK), is an integral part of Ping An's managed care services system and also the flagship platform of the Group's healthcare ecosystem. With its extensive payer resources, comprehensive supplier network, leading services and strong eco-system, Ping An Health has established a unique business model based on managed care + family doctor membership + O2O healthcare services. At present, the Company has become a professional, comprehensive, high-quality and one-stop corporate health management service provider.
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