Tag: FIN

LinkedIn to Deliver Visionary Address at CommunicAsia2015 and BroadcastAsia2015

Information Technology

Exciting line-up of C-level speakers will share insights on the impact of today’s hyper-connectivity to businesses and consumers

SINGAPORE, April 9, 2015 /PRNewswire/ — Social media has become an even bigger part of consumers’ lives in today’s hyper-connected world. Users are finding more ways to play, interact, work and even monetise content through social media. Asia Pacific, presently the world’s largest mobile region[1], accounts for over half of the globe’s social media users[2]. The social media explosion has not only changed the lives of hyper-connected consumers, it has also caused a rippling effect throughout its ecosystem — businesses, network infrastructure, communication providers and more.

Businesses now face challenges of providing adequate and fast connectivity to support the exponential usage growth, and the need to rethink strategies to meet current media consumption and engagement patterns. The need to acquire a keen understanding of social media trends, the opportunities and challenges of engagement, innovative ways to monetise has never been more imperative.

The visionary address and plenary sessions to be held alongside CommunicAsia2015 and BroadcastAsia2015 from 2 – 5 June 2015 at Marina Bay Sands, Singapore, will bring to life social media trends, opportunities and challenges of engagement, monetisation and more, across the entire ecosystem. 

Understanding how social media is changing media consumption

The world’s largest professional networking site on the Internet, LinkedIn has over 347 million users in over 200 countries and territories globally. Hari Krishnan, LinkedIn’s Managing Director for Asia Pacific and Japan, will deliver a visionary address at CommunicAsia2015 Summit and BroadcastAsia2015 International Conference on 3rd June, titled “How Social Media is Changing the Way People Work and Play.”

Having led hyper-growth Internet companies in the region and leadership positions in companies including Yahoo!, Cisco Systems and Fox Interactive Media, Krishnan now leads the Asia Pacific business with the aim to connect all professionals to help make them more productive and successful. At the visionary address, Krishnan will share insights on how social media consumption is changing in the region, the opportunities and challenges these changes present to consumers and businesses alike.

ICT industry stakeholders can also look for indicators from Krishnan and other plenary speakers’ addresses about how digital convergence and the data analytics-led commercial decision making will have a positive impact on the regional economy.

Together with plenary speakers, including Steve Leonard, Executive Deputy Chairman, Infocomm Development Authority of Singapore, Bill Chang, Chief Executive Officer — Enterprise Group, SingTel, Dmitri Chen, COO and VP Specialty Sales, APJ, EMC, Dirk Wolter, Managing Director — Mobile Network Technologies — APAC, CISCO, Kevin Ackhurst, Director, Google for Work APAC, Peter Moore, Regional Managing Director — Public Sector, Amazon Web Services and more, delegates to the CommunicAsia2015, BroadcastAsia2015 International Conference and Creative Content Production Conference can expect thought-provoking tracks addressing the latest trends in social media and challenges faced by businesses, such as:

CommunicAsia2015 Summit Topics:

  • Digital convergence and changing media consumption with social media
  • What the communications industry need to do to survive
  • Bringing the enterprise mobility to the next level

BroadcastAsia2015 International Conference Topics:

  • Achieving reach, resonance and reaction with second screen services and social TV
  • Big Data analytics and actionable intelligence

Creative Content Production Conference 2015 Topics:

  • Creating a successful transmedia strategy
  • Leveraging co-production and collaboration opportunities in Asia

An impressive C-suite from the world’s leading enterprise technology companies 

More than 150 C-level executives will deliver key updates and share case studies on a wide range of the latest trends and technology advancements, such as Over-the-Top (OTT), Internet of Things (IoT), enterprise mobility, Bring Your Own Device (BYOD), Ultra-High Definition (UHD)/4K, multi-screen broadcasting and many more.

Speakers and that attending delegates can look forward to at the CommunicAsia2015 Summit and BroadcastAsia2015 International Conference include:

  • Bernie Trudel, CTO — Cloud; Chairman, CISCO; ACCA
  • Bill Chang, CEO, Enterprise, SingTel
  • Peter Moore, Head — Global Public Sector (APAC), Amazon Web Services
  • Jeremy Kung, Executive Vice President — New Media and Chief Executive Officer, Telekom Malaysia 
  • Barry Lerner PE, Regional Chief Information Officer, Huawei Solutions Marketing South Pacific Region
  • Rangu Salgame, Chief Executive Officer — Growth Ventures and Service Provider Group, Tata Communications
  • Joe Igoe, Chief Technology Officer, Mediacorp
  • Chia Wee Boon, Chief Executive Officer, NCS
  • Magnus Ewerbring, Chief Technology Officer — APAC, Ericsson
  • Terry Bleakley, Regional Vice President for Asia Pacific Sales, Intelsat
  • Peter G Bithos, CEO, HOOQ

CommunicAsia2015 / EnterpriseIT2015 Exhibition

Incorporating:

SatComm2015

Date:

2-5 June 2015, Tuesday – Friday

Venue:

Marina Bay Sands, Singapore, Levels B2, 1 & 3

Opening Hours: 

2-4 June 2015: 10:30 am – 6:00 pm | 5 June 2015: 10:30 am –  4:00 pm  

Admission:

Business and trade professionals only

Website:

www.communicasia.com | www.goto-enterpriseit.com

CommunicAsia2015 Summit

Date:

2-5 June 2015, Tuesday – Friday

Venue:

Marina Bay Sands, Singapore, Level 3

Admission:

Registered delegates only

Website:

www.communicasia.com/conference/conference-highlights/

BroadcastAsia2015 Exhibition

Incorporating:

ProfessionalAudioTechnology2015

Date:

2-5 June 2015, Tuesday – Friday

Venue:

Marina Bay Sands, Singapore, Levels 4 & 5

Opening Hours:

2-4 June 2015: 10:30 am – 6:00 pm | 5 June 2015: 10:30 am –  4:00 pm   

Admission:

Business and trade professionals only

Website:

www.broadcast-asia.com/

BroadcastAsia2015 International Conference & Creative Content Production Conference 

Venue:

Marina Bay Sands, Singapore, Level 3

Date:

2-5 June 2015, Tuesday – Friday

Admission:

Registered delegates only

Website:

www.broadcast-asia.com/conference/conference-highlights/

Media Enquiries:         

June Seah / Patricia Yee
Singapore Exhibition Services
Tel: +65 6233 6621 / +65 6233 6637

Email: june.seah@sesallworld.com / patricia.yee@sesallworld.com   

Chan Shu Ling / Ang Fangying

FleishmanHillard Singapore

Tel: +65 6424 6379 / +65 6424 6396

 

Email: ShuLing.Chan@fleishman.com / Fangying.ang@fleishman.com

[1] http://asiapacific.gsmamobileeconomy.com/GSMA_ME_APAC_2014.pdf
[2] http://www.go-globe.com/blog/social-media-asia/

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BTCGaw is now buying Bitcoins with 11% more than Blockchain official rate

Information Technology

MILFORD, Delaware, April 9, 2015 /PRNewswire/ — BTCGaw INC. (http://www.btcgaw.com) has announced yesterday its latest offer for Bitcoin sellers: a conversion rate with an 11% increase compared to Blockchain’s official rate. The company conducts its marketing campaign with a lot of confidence that their deal for Bitcoin trade is the best on the market at the moment.

The Delaware-based company was founded in July 2014 by former banking professional Tony Gaw, who has seen the business opportunity in the emerging markets of cryptocurrency in general and Bitcoin in particular. The investment he has made so far in Bitcoin exceeds USD 1.6 Mil.

The company’s strategy is pooling large amounts of Bitcoin, while putting together an online exchange office focused on corporate business. BTCGaw has closed two deals already becoming the exclusive exchange house for two large online vendors who will start accepting Bitcoin payments in the near future and another deal still under negotiation for signing with a major online Casino, which has also opened his policy for Bitcoin acceptance.

The uncertainty revolving around the cryptocurrency environment, together with the volatility of the digital currencies have not discouraged the young entrepreneur who put his money, time and financial know-how into developing a business which is viewed as adventurous at most by many of the traditional investors.

“It will eventually go mainstream within the financial system and we’re not very far from that point, it’s only a matter of few years,” declared Gaw. While dealing with uncertainty risk at the core of its business, Gaw has approached it as opportunity risk and built a strategy and a team of professionals around his idea of the business of the future.

In this pursuit BTCGaw has put an highly competitive offer on the table of Bitcoin sellers, who want to benefit from the company’s latest offer and who are willing to sell their Bitcoin for what the company claims to be “the best deal available on the market.”

All the details related to the company’s offer and other information, together with the contact details of the Sales Team are available on their website: http://www.btcgaw.com

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NBF Capital Raises AED1 Billion for Pacific Control Systems

Information Technology

DUBAI, UAE, April 9, 2015 /PRNewswire/ — NBF Capital, regulated by the Dubai Financial Services Authority and a fully-owned subsidiary of National Bank of Fujairah PJSC (NBF) (https://nbf.ae/), raised AED1 billion for Pacific Control Systems (PCS) (http://www.pacificcontrols.net), which is pressing ahead with a project to expand cloud services infrastructure across the GCC.

PCS, a global provider of information communication technologies, intends to use the amount which has a tenor of 72 months to finance its expansion and working capital requirements.

PCS has positioned itself as a leader in providing smart city solutions and cloud infrastructure service in the Middle East. The new smart city offerings and cloud-based IT as a service offering for both government and private sector have had huge market acceptance due to the highly secure, end-to-end service delivery packaging by Pacific Controls.

Today, PCS is addressing a market opportunity of over $360 billion in the Middle East alone. The funds raised through the current syndication from NBF will enhance the capacity in data-centre infrastructure, increase cloud services infrastructure and offer automated service portal, etc., for customers in the GCC.

PCS has partnered with Microsoft to deliver these services in the region.

The deal was originally valued at AED750 million but was oversubscribed by 33%, receiving AED1 billion in total commitments. It was underwritten by NBF and Al Khaliji Commercial Bank QSC, as mandated lead arrangers, with NBF also acting as global facility agent for the transaction.

Other participating banks include Al Khaliji France, Dubai Islamic Bank, United Arab Bank, National Bank of Oman, Ajman Bank and Sharjah Islamic Bank. Dubai Islamic Bank also served as the investment agent for the syndication.

The syndication, a combination of conventional and Islamic financing structures, was PCS’ second in the past three years. Its first club deal was facilitated by NBF in 2012, before the formation of NBF Capital. NBF acted as mandated lead arranger, bookrunner and underwriter for the syndication, which amounted to AED265 million.

PCS plays a greater role in the UAE’s ongoing transformation into a knowledge-based economy. The overwhelming interest that was received for the transaction is not just an endorsement of PCS’ prospects, but also a demonstration of the institutional goodwill that can be mustered by NBF Capital on behalf of its clients. PCS was recently recognised as one of the “50 Most Promising Internet of Things Technology Companies”.

For further information, please contact:
Tasneem Raza
Watermelon Communications
Email: tasneem@watermelonme.com

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UnionPay International Joins Hands with Chinese E-commerce Firm to Provide Cross-border Payment Convenience

Information Technology

SHANGHAI, April 8, 2015 /PRNewswire/ — UnionPay International announced on April 8 it has entered cooperation with DinoDirect Ltd in cross-border online businesses, enabling the latter’s B2C platform DinoDirect, B2B platform Osell and related websites to accept UnionPay cards (card number starting with 62) issued outside the Chinese mainland.

This is the first time UnionPay International has established cooperation with a Chinese cross-border e-commerce company to allow overseas cardholders to pay with UnionPay cards on a Chinese e-commerce platform.

Chinese consumers enjoy buying foreign products at good prices from overseas platforms, more and more overseas individuals and retailers are hoping to get access to items made in China. As one of the largest Chinese cross-border e-commerce platforms, DinoDirect covers more than 200 countries and regions in the Middle East, Southeast Asia, South America and Central and Eastern Europe.

The cooperation will not only make it more convenient for overseas business owners and individuals to make purchases on cross-border e-commerce websites in China, but also help domestic manufacturers sell products to global consumers and retailers at lower costs and high efficiency, pushing forward the “going-out” process of China’s manufacturing industry.

The next step, UnionPay International also has plans to roll out commercial card products at overseas markets designed for cross-border e-commerce trade to better meet overseas buyers’ demands for making purchases at Chinese merchants.

Overseas business owners and individuals are able to pay with the UnionPay Online Payment (UPOP) and enjoy high security guaranties. As the number of UnionPay cards issued outside the Chinese mainland continues to grow, UnionPay International is stepping up efforts to improve overseas card-using privilege and service systems and is committed to enabling domestic cardholders to enjoy the experience of “shopping the world with one card.”

Currently, nearly 40 million UnionPay cards have been issued in 40 countries and regions outside the Chinese mainland and UnionPay card is recognized by more and more cardholders globally.

Now, UnionPay cardholders are able to make purchases directly on 10 million overseas online merchants. UnionPay cards have been accepted by Amazon, eBay, Rakuten, Agoda, Booking and many other well-known online merchants overseas.

Meanwhile, cardholders are also able to buy foreign items including maternal and child products, cosmetics, clothing and food with UnionPay cards through the UnionPay Haigou platform “Shop The World.“

For more information: http://www.unionpayintl.com/

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/unionpay-international-joins-hands-with-chinese-e-commerce-firm-to-provide-cross-border-payment-convenience-300062698.html

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The Economist Group Launches Its First Bilingual Chinese-English App The Economist Global Business Review

Information Technology

A new app that explores key global trends in business, finance and technology – always with a strong point of view

HONG KONG, April 8, 2015 /PRNewswire/ — The Economist Group today officially launched a new digital app The Economist Global Business Review, focused on delivering insightful analysis on global trends in business, finance and technology. As the first in a planned series of local-language offerings, the bilingual Chinese-English app allows The Economist Group to reach a new set of global business leaders in markets like mainland China, Hong Kong, Taiwan, Malaysia and Singapore. The Economist Global Business Review is the first bilingual product featuring Economist content to be offered in the 171-year history of the weekly publication.  Recognising that today’s most influential business leaders span the globe, The Economist Global Business Review removes barriers to bring its spirit of independent reporting and sharp perspective to a wider audience, initially in Chinese, and expanding to other languages in future.

The Economist Global Business Review

The Economist Global Business Review

Curated by the editors at The Economist Group, The Economist Global Business Review features a selection of the best business, finance and technology stories from the weekly newspaper, which have been translated to the highest degree to maintain the stylistic nuances of the original text. Ten (10) articles are published initially at the start of the month; thereafter, a daily article is published each weekday for a total of 30 articles each month.

The bilingual app works in either English-Simplified-Chinese or English-Traditional Chinese and is available for iOS and Android smartphones and tablets. “Chinese was a natural first language for us to choose when launching this new bilingual product, given the increasing global reach of China’s companies and its diaspora,” said Tom Standage, Deputy Editor of The Economist.  “For many years we wrote off the idea of foreign-language editions as too expensive and impractical. However, the rise of digital technology changes the game. We can now deliver content quickly and without the cost constraints of print publishing.”

Tim Pinnegar, Publisher and Managing Director of The Economist Group Asia-Pacific said:  “Offering our unique content in local language opens up an entirely new market to us that was not possible to tap into before.  Our growth strategy over the next five years is exactly focused on attracting new audiences and capitalising on innovations in product and service offerings.”

Keeping in line with the minimalistic design aesthetics of The Economist, the app’s simple and intuitive interface allows for easy toggling between languages.  The app also features a powerful cache (the articles can be archived for up to 12 months) to facilitate offline reading.

The Economist Global Business Review is made available for free in April and May, courtesy of launch sponsor Hyundai.  Wonhong Cho, CMO of Hyundai Motor Company says, “We are glad to sponsor the launch of this new bilingual app from The Economist Group, and hope the app inspires new thinking and new possibilities within the Chinese business communities worldwide.” 

During this time, readers can download the app and experience the simple interface and compelling content completely free of charge. The app is available on the Apple App Store, Google Play, and a number of independent Android stores worldwide.  For more information, visit our website www.TEGBR.com

About The Economist Group

Headquartered in London, The Economist Group is the leading source of analysis on international business and world affairs.  Its publications and services include The Economist, the Economist Intelligence Unit (EIU), Intelligent Life and CQ Roll Call.  The Group delivers its information through a range of formats, from newspapers and magazines to conferences and electronic services.  Across all its products and services, the Group is known for its objectivity of opinion, originality of insight and rigorous analysis of key issues.

Photo – http://photos.prnasia.com/prnh/20150407/0861502669

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AirMedia Sells 5% Equity Interest of its Advertising Business for RMB150 million

Information Technology

BEIJING, April 8, 2015 /PRNewswire/ — AirMedia Group Inc. (“AirMedia” or the “Company”) (Nasdaq: AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today announced that Beijing Shengshi Lianhe Advertising Co., Ltd., a variable interest entity in China, which it currently controls through contractual arrangements (the “VIE structure”), has entered into a share transfer agreement to sell 5% equity interest of AirMedia Group Co., Ltd. (“AM Advertising”) to Shenzhen Liantronics Co., Ltd, a company listed on the Shenzhen Stock Exchange (Shenzhen Stock Exchange Code: 300269) for a consideration of RMB 150 million in cash (the “Transaction”), which reflected the total valuation of AM Advertising of RMB3 billion.

The payment of the Transaction is expected to be completed within 10 working days of the completion of the share transfer.

AM Advertising is a consolidated affiliated entity of AirMedia. AirMedia will restructure AM Advertising for the Transaction. After the restructuring, AM Advertising will own and operate all AirMedia’s media business in airports and all the billboard and LED media out of the airports, excluding gas station media network. After the restructuring, all AirMedia’s other businesses, including but not limited to in-flight Wi-Fi business, on-train Wi-Fi business, digital TV-screens on airplanes, and gas station media network will be transferred out of AM Advertising and not form part of the Transaction.

“Media companies have been enjoying higher PE multiples and valuation in China’s local stock exchanges. We believe the Transaction is a good way to increase our shareholder value. We have made exciting developments on our transformation into a leading in-flight and on-train Wi-Fi operator in China. We will continue to focus on our transformation, which, we believe, has a brilliant future for the Company,” remarked Herman Guo, chairman and chief executive officer of AirMedia.

About AirMedia Group Inc.

AirMedia Group Inc. (Nasdaq: AMCN) is a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers. AirMedia operates the largest digital media network in China dedicated to air travel advertising. AirMedia operates digital frames in most of the 30 largest airports in China. In addition, AirMedia sells advertisements on the routes operated by seven airlines, including the four largest airlines in China. In selected major airports, AirMedia also operates traditional media platforms, such as billboards and light boxes, and other digital media, such as mega-size LED screens.

In addition, AirMedia has obtained exclusive contractual concession rights until the end of 2020 to develop and operate outdoor advertising platforms at Sinopec’s service stations located throughout China.

For more information about AirMedia, please visit http://www.airmedia.net.cn.

About Shenzhen Liantronics Co., Ltd

Shenzhen Liantronics Co., Ltd plays a leading role in LED display industry, which provides system solutions for medium and high-end LED full color display products. As a state-level high-tech enterprise with registered capital of 73.58 million RMB and net assets of 500 million RMB, Liantronics is specializing in LED application products from developing, manufacturing, sales to service.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expect,” “anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” “confident” and similar statements. Among other things, the Business Outlook section and the quotations from management in this announcement, as well as AirMedia Group Inc.’s strategic and operational plans, contain forward-looking statements. AirMedia may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, 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. Statements that are not historical facts, including statements about AirMedia’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to: if advertisers or the viewing public do not accept, or lose interest in, AirMedia’s air travel advertising network, AirMedia may be unable to generate sufficient cash flow from its operating activities and its prospects and results of operations could be negatively affected; AirMedia derives most of its revenues from the provision of air travel advertising services, and any slowdown in the air travel advertising industry in China may materially and adversely affect its revenues and results of operations; AirMedia’s strategy of expanding its advertising network by building new air travel media platforms and expanding into traditional media in airports may not succeed, and its failure to do so could materially reduce the attractiveness of its network and harm its business, reputation and results of operations; if AirMedia does not succeed in its expansion into gas station, in-flight internet services and in-air multimedia platform or other outdoors media advertising, its future results of operations and growth prospects may be materially and adversely affected; if AirMedia’s customers reduce their advertising spending or are unable to pay AirMedia in full, in part or at all for a period of time due to an economic downturn in China and/or elsewhere or for any other reason, AirMedia’s revenues and results of operations may be materially and adversely affected; AirMedia faces risks related to health epidemics, which could materially and adversely affect air travel and result in reduced demand for its advertising services or disrupt its operations; if AirMedia is unable to retain existing concession rights contracts or obtain new concession rights contracts on commercially advantageous terms that allow it to operate its advertising platforms, AirMedia may be unable to maintain or expand its network coverage and its business and prospects may be harmed; a significant portion of AirMedia’s revenues has been derived from the six largest airports and four largest airlines in China, and if any of these airports or airlines experiences a material business disruption, AirMedia’s ability to generate revenues and its results of operations would be materially and adversely affected; AirMedia’s limited operating history makes it difficult to evaluate its future prospects and results of operations; and other risks outlined in AirMedia’s filings with the U.S. Securities and Exchange Commission. AirMedia does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Contact:
Raymond Huang
Senior Director of Investor Relations
AirMedia Group Inc.
Tel: +86-10-8460-8678
Email: ir@airmedia.net.cn

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/airmedia-sells-5-equity-interest-of-its-advertising-business-for-rmb150-million-300062057.html

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Le Shi to Unveil Super Smartphone on April 14, Create the New “Ecological Age”

Information Technology

HONG KONG, April 7, 2015 /PRNewswire/ — One of the China’s most popular online video sites, Le Holdings (Beijing) Limited (Le Shi), has officially invited the press in early April to an announcement themed “From 1984 to 2015” at which the firm will unveil its Super Smartphone that will bring about unprecedented changes to user experience and the way the industry operates. The announcement will start at 14:00 on April 14 at the MasterCard Center in Beijing, China.

The theme “From 1984 to 2015” represents a new milestone in 2015. “While Apple’s announcement of its Macintosh computer in 1984 was seen as the beginning of a new age, Le Shi’s announcement of its Super Smartphone in 2015 will “overturn” Apple — the one who originally overturned — by bringing smartphones over to the new “Ecological Age,” remarked Le Shi’s Chairman Jia Yueting.

Le Shi’s Chairman on Weibo: An invitation to break boundaries

That particular theme and its implication are also echoed in Jia’s media invitation to the announcement from his Weibo account. He includes a graphic piece in which the “App” in “Apple” is crossed out, with only the “le” in “Le Shi” left untouched.

Jia’s Weibo invite themed “No Ecosystem Nothing Super” reads: “our time is changing; roles have changed but our spirit never changes! From 1984 to 2015, Le Shi invites you to #BreakBoundaries, EcologicalOverturn#; see you at 2pm on 4-14.”

The Chairman has proactively publicized the concepts behind the new smartphone and questioned Apple’s industrial design and its closed system after his surgery to cure Thymoma in November 2014, though he has not made any public appearance since then.

The new, transformative Eco User Interface of Super Smartphone

While high-performance, gorgeous appearance, a focus on the service-first ecological mode, and unrivaled features — such as all-metal bodies, no-frame industrial design, Qualcomm’s flagship 810 chipset, HiFi stereo components, and the highest-resolution camera — will enable Le Shi’s Super Smartphone to surpass offerings by major competitors, the core edge of the Super Smartphone is the EUI (Eco User Interface) system.

“An interactive system between users and ecosystem, EUI is cross-ecology and across terminals’ central nervous systems. EUI re-defines smartphone’s UI system, allowing smartphones to move from the intelligence age to the ecology age,” said Le Shi.

EUI will also act as the core of a complete ecosystem that transforms the existing hardware-software integrated smartphone.

“Numerous new players have entered the smartphone market, but nobody seems to put users’ core benefits first,” Jia pointed out. “At Le Shi, we firmly believe that only the ecosystem of platform+content+terminal+applications will bring changes to user experience and the way the industry operates.”

About Letv

Founded in November 2004 by Jia Yueting, a celebrated pioneer in China’s Internet landscape, Letv Group is committed to creating the “Letv Ecosystem,” a next-generation Internet engine that is vertically-integrated to offer an online platform completed with content, terminals and applications. The Group is engaged in a rich array of businesses, spanning from Internet TV, video production and distribution, smart gadgets and large-screen applications to e-commerce, eco-agriculture and Internet-linked super-electric cars, which were launched in late 2014. The Group comprises a number of subsidiaries, including Letv.com, Leshi Zhi Xin, Le Vision Pictures, Wangjiu.com, Letv Holding, Letv Investment Management and Le Mobile. In 2014, the aggregate sales of the Group amounted to approximately RMB 10 billion.

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GlobalLogic Adds Bonnie Helton to Growing Leadership Team

Information Technology

— Seasoned HR Executive Joins as Chief Human Resources Officer

SAN JOSE, California, April 7, 2015 /PRNewswire/ — GlobalLogic today announced that Bonnie Helton has joined the company as Chief Human Resources Officer (CHRO). In her role, Helton will be responsible for all global HR initiatives, organizational development and talent programs worldwide.

Logo – http://photos.prnewswire.com/prnh/20150402/196431LOGO

With over 15 years in the HR field, Helton brings to GlobalLogic extensive experience with global people management programs, including navigating dynamic markets and facilitating growth while maintaining engaging work environments. In her previous role as CHRO at CipherCloud, Helton was responsible for all HR matters globally, including building high performance and engaging work environments through organizational issues and opportunities management, as well as driving innovative people programs in the U.S., India, and other regions worldwide. Prior to that, Helton helped grow Applied Materials’ emerging display and energy/environmental sectors, and she also played a key role in Brocade Communications’ international expansion efforts.

“We’re excited to have Bonnie join us as the newest executive on our leadership team,” said CEO Shashank Samant. “The worldwide talent at GlobalLogic is by far our greatest asset and given Bonnie’s experience and proven track record, she’ll be such a key contributor to that. I’m looking forward to what we’ll accomplish together.”

“GlobalLogic’s employees and engineering teams are the best in the industry, and I’m excited for the opportunity to work with them,” said Helton. “My experience in HR and with global technology companies will fit in well with our talent objectives companywide. I look forward to further expanding our business through the growth of our teams and talent all over the world.”

As a leader in software R&D services, GlobalLogic is focused on product development innovation. GlobalLogic leverages its global experience and expertise in design and engineering to build partnerships with market-defining businesses and technology leaders who want to make amazing products, discover new revenue opportunities and accelerate time to market.

About GlobalLogic

GlobalLogic is a full-lifecycle product development services leader that combines deep domain expertise and cross-industry experience to connect makers with markets worldwide. Using insight gained from working on innovative products and disruptive technologies, we collaborate with customers to show them how strategic research and development can become a tool for managing their future. Headquartered in the United States, GlobalLogic operates design and engineering centers around the world, extending the benefits of its authentic global presence to customers in digital media, electronics, healthcare, infrastructure, finance, retail, and telecom industries. The company works with both start-ups and industry leaders, including many of the world’s top hardware, software, and consumer brands.

GlobalLogic is a trademark of GlobalLogic. All other brands, products or service names are or may be trademarks or service marks of their respective owners.

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Kyriba Completes $21 Million Series C Funding Round

Information Technology

HSBC becomes latest investor

Strategic investment will support SaaS treasury management software leader’s global expansion and product innovation

SAN DIEGO, April 7, 2015 /PRNewswire/ — Kyriba, the global leader in cloud-based treasury management solutions, has completed a $21 million round of Series C funding. Kyriba will use these funds for product innovation and to support the company’s rapid global expansion. Kyriba enables nearly 1,000 companies worldwide to optimise their cash, manage their risk and better work their capital.

Logo – http://photos.prnewswire.com/prnh/20150406/196908LOGO

Through its strategic investments program, HSBC (NYSE: HSBC) joins existing investors BRED Banque Populaire, Daher Capital, Iris Capital and Upfront Ventures to support Kyriba’s global expansion.

“We are pleased to have HSBC on board as a strategic investor in Kyriba,” said Jean-Luc Robert, chairman and CEO of Kyriba. “This is a clear validation of our product capabilities and strategy. This investment will enable us to continue to enrich our solution and sustain our strong growth trajectory worldwide.”

“Cloud-based services are transforming the way corporates interact with financial services providers. An innovative and leading provider in its field, Kyriba is a strong addition to our portfolio of strategic investments. We look forward to exploring business opportunities with them,” said Christophe Chazot, Group Head of Innovation at HSBC.

About Kyriba

Kyriba is the global leader in cloud-based Proactive Treasury Management. CFOs, treasurers and finance leaders rely on Kyriba to optimise their cash, manage their risk, and work their capital. Our award-winning, secure, and scalable SaaS treasury, bank connectivity, risk management and supply chain finance solutions enable some of the world’s largest and most respected organisations to drive corporate growth, obtain critical financial insights, minimize fraud, and ensure compliance. For more information, visit http://www.kyriba.com.

Logo – http://photos.prnewswire.com/prnh/20150406/196908LOGO

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