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Deep Longevity Launched a Free Self-help Application, FuturSelf, Powered by Research Conducted with Harvard Medical School, on Optimizing Future Well-being with Artificial Intelligence

HONG KONG, June 21, 2022 /PRNewswire/ — Endurance RP Limited’s (“Endurance Longevity” or the “Company” and together with its subsidiaries, the “Group”; stock code: 0575.HK) wholly owned subsidiary Deep Longevity, Inc, a leading provider of deep biomarkers of aging and longevity is pleased to announce its collaboration with Dr. Nancy Etcoff of Harvard Medical School.  Dr. Etcoff is widely recognized in the field of psychology and is a member of the Harvard University Mind/Brain/Behavior Initiative where she teaches a seminar on “The Science of Happiness.” She is also a practicing psychologist at the Massachusetts General Hospital Department of Psychiatry where she is the director of the Program in Aesthetics and Well Being. 

Today, Deep Longevity, in co-authorship with Dr. Etcoff, has published an article in Aging-US describing a machine learning approach to human psychology: “Optimizing future well-being with artificial intelligence: Self-organizing maps (SOMs) for the identification of islands of emotional stability.” The article serves as the scientific background for a free self-help application, FuturSelf, developed by Deep Longevity.

The authors used data from the Midlife in the US study to create two digital models of human psychology.

The first model is an ensemble of deep neural networks that use information from a psychological survey to predict the chronological age of the respondents and their psychological well-being in 10 years. This model demonstrates the aging-related trajectories of the human mind. It also shows that the ability to build meaningful relationships increases with age, as do mental autonomy and environmental mastery. It simultaneously indicates that the focus on personal growth steadily declines, and the feeling of having a purpose in life only drops after 40–50 years. These findings contribute to the discussion of socioemotional selectivity and hedonic adaptation in the context of adult personality development.

The second model is a self-organizing map developed as the backbone of a recommendation engine for mental health applications. This automated learning technique divides all respondents into clusters based on their risk of developing depression and identifies the shortest path toward a cluster of mental stability for any individual. Alex Zhavoronkov, the Chief Longevity Officer of Deep Longevity, elaborates, “Existing mental health applications offer generic advice that applies to everyone yet fits no one. We have built a system that is scientifically sound and offers superior personalization.”

To demonstrate this system’s potential, Deep Longeivty has developed FuturSelf, a free online application that lets users take the psychological test described in the original publication. At the end of the assessment, users receive a report with insights aimed at improving their long-term mental health and well-being and can enrol in a guidance program that provides them with a steady flow of AI-chosen recommendations. Data obtained on FuturSelf will be used to further develop Deep Longevity’s digital approach to mental health with the aim of offering the application via a B2B SaaS model to insurance companies, large corporates and other employers to allow their employees to track their own mental health and wellbeing.

In recent years, given the worldwide pandemic and its impact on workplace changes (including an increased emphasis on remote work and the associated psychological effects), large employers have developed a keen awareness of the importance of employee’s mental health. In order to address how mental health can be tracked to help employees better cope with job demands and maximize their productivity, Deep Longevity is focused on providing highly scalable and commercial solutions that can be applied cost effectively across all industries. Using Deep Longevity’s digital approach to managing mental health, an invaluable feedback loop is created that can help employees thrive by increasing their motivation and productivity or allowing them to seek important emotional support when required. On a per-employee basis, the cost to employers to provide this essential human resource function can be minimal. Ongoing discussions with large insurance companies and other multinational corporations suggest that the commercial opportunity for Deep Longevity (through Futurself and other applications) is immense and geographically scalable across all markets world-wide.  

A leading biogerontology expert, professor Vadim Gladyshev from Harvard Medical School, comments on the potential of FuturSelf: “This study offers an interesting perspective on psychological age, future well-being, and risk of depression, and demonstrates a novel application of machine learning approaches to the issues of psychological health. It also broadens how we view aging and transitions through life stages and emotional states.”

The authors plan to continue studying human psychology in the context of aging and long-term well-being. They are working on a follow-up study on the effect of happiness on physiological measures of aging.

Jamie Gibson, Chief Executive Officer of Endurance Longevity said, “As one of the forerunners in the longevity AI market, we are thrilled to achieve this remarkable milestone together with the world’s top-notch scientists. We are confident about the future of integrating deep learning AI technologies in human psychology and the development of digital solution to improve people’s mental health and overall well-being.”

About Deep Longevity

Deep Longevity is a wholly owned subsidiary of Endurance Longevity (SEHK:0575.HK), a publicly-traded company. Deep Longevity is developing explainable artificial intelligence systems to track the rate of aging at the molecular, cellular, tissue, organ, system, physiological, and psychological levels. It is also developing systems for the emerging field of longevity medicine, which enables physicians to make better decisions on the interventions that may slow down or reverse the aging processes. Deep Longevity developed Longevity as a Service (LaaS)© solution to integrate multiple deep biomarkers of aging dubbed “deep aging clocks” to provide a universal multifactorial measure of human biological age.

Originally incubated by Insilico Medicine, Deep Longevity started its independent journey in 2020 after securing a round of funding from the most credible venture capitalists specializing in biotechnology, longevity, and artificial intelligence: ETP Ventures; the Human Longevity and Performance Impact Venture Fund; BOLD Capital Partners; Longevity Vision Fund; LongeVC; Michael Antonov, the co-founder of Oculus; and other expert AI and biotechnology investors supported the company. Deep Longevity established a research partnership with one of the most prominent longevity organizations, Human Longevity, Inc., one of the most prominent longevity organizations to provide a range of aging clocks to the network of advanced physicians and researchers.

https://www.deeplongevity.com/

About Endurance Longevity (Stock code: 0575.HK)

Endurance Longevity is a diversified investment group based in Hong Kong currently holding various corporate and strategic investments focusing on the healthcare, wellness and life sciences sectors. The Group has a strong track record of investments and has returned approximately US$298 million to shareholders in the 21 years of financial reporting since its initial public offering.

www.endurancerp.com

This press release is distributed by LBS Communications Consulting Limited.

 

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Magic Data Paper is Accepted by INTERSPEECH 2022

BEIJING, July 4, 2022 /PRNewswire/ — Magic Data’s paper ‘Open Source MagicData-RAMC: A Rich Annotated Mandarin Conversational(RAMC) Speech Dataset’ is accepted by INTERSPEECH 2022, the world’s largest and most comprehensive conference on the science and technology of spoken language processing. Themed “Human and Humanizing Speech Technology”, INTERSPEECH 2022 will take place from September 18-22 virtually and in Incheon Korea.

In order to further enrich the open source speech corpus and promote the development of speech language processing technology and conversational AI, this year in April, Magic Data officially released a 180-hour Chinese conversational speech dataset — MagicData-RAMC on MagicHub, an open source community, developed by Magic Data.

The Paper introduces MagicData-RAMC dataset and research based on the dataset conducted by Magic Data, together with the Institute of Acoustics, Chinese Academy of Sciences, Shanghai Jiao Tong University and Northwestern Polytechnic University.

As a collection of high quality and richly annotated training data, MagicData-RAMC includes 351 sets of multi-turn Mandarin conversations recorded in indoor environment by smart phone with a total duration of 180 hours. The data set can support developers in completing research on speech recognition, speaker diarization, and keyword search.

For the Automatic Speech Recognition task, the research team use a Conformer-based end-to-end (E2E) model implemented by ESPnet2 toolkit. The experimental result is shown in terms of character error rate (CER) as 19.1.

For speaker diarization task, the baseline system consists of three components: speaker activity detection (SAD), speaker embedding extractor and clustering. Experimental result shows that JER is 47.49 on test set.

The keyword search task follows the DTA Att-E2E-KWS approach proposed in relying on attention-based E2E ASR framework and frame-synchronous phoneme alignments. The result shows that the system got 0.8587 on precision rate.

Paper available on arxiv
https://arxiv.org/abs/2203.16844

Download MagicData-RAMC
https://magichub.com/datasets/magicdata-ramc

Baseline
https://github.com/MagicHub-io/Magic-Data-ASR-SD-Challenge

About Magic Data

Magic Data is a global AI data solutions provider headquartered in Beijing, providing professional data solutions to enterprises and academic institutions engaged in artificial intelligence R&D and application research to voice recognition (ASR), speech synthesis (TTS), natural language processing (NLP), and computer vision (CV).

About MagicHub

MagicHub community is an open-source data platform developed by Magic Data dedicated to assisting AI developers in model training and to promoting the development of an open-source ecosystem.

For more information, visit www.magicdatatech.com or contact open@magicdatatech.com

 

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Scientists continue push for greater advances

BEIJING, June 28, 2022 /PRNewswire/ — A news report from chinadaily.com.cn:

An aerial photo shows the Five-hundred-meter Aperture Spherical Radio Telescope.
An aerial photo shows the Five-hundred-meter Aperture Spherical Radio Telescope.

The Chinese scientific community will make more original breakthroughs to serve the country, facilitate an efficient and coordinated innovation ecosystem, and proactively integrate into the global innovation network, officials said during the 24th Annual Meeting of the China Association for Science and Technology, which closed on Monday.

Wan Gang, president of CAST, said at the event’s opening ceremony on Sunday that generations of Chinese science workers have been motivated by the needs of the nation and its people to carry out their research and improve people’s livelihoods.

By celebrating the scientific spirit, CAST aims to foster a social environment where knowledge, innovation and professionals are respected, which will provide talent and resources for China to achieve high-quality self-sufficiency in science and technology, Wan said.

China’s innovation ecosystem is also witnessing profound changes, with research institutions, industry leaders and a wide range of small to medium-sized companies becoming the pillars of innovation, he said.

Therefore, CAST will utilize its wealth of experts and academic societies to aid research and innovative endeavors by local governments, cities and industries, thus optimizing China’s overall innovation ecosystem, he said.

At the same time, the Chinese scientific community will continue to contribute its knowledge and insight into tackling global challenges such as COVID-19, climate change and food shortages, Wan said. This includes expanding pragmatic collaboration and the sharing of talent, data, computational power and other research resources.

Zhang Qingwei, Party chief of Hunan province, the host province of this year’s event, said that during President Xi Jinping’s visit in September 2020, he urged Hunan to become a powerhouse in advanced manufacturing.

Zhang said the province currently excels in hybrid-rice research, supercomputing, high-speed rail, tunnel-boring machines, deep-sea drilling instruments and navigation-satellite technologies.

Hunan province will strengthen its research and innovation capabilities, improve services and policy support, and turn the region into a prime destination for science and technology innovation, Zhang said.

Zhang Yuzhuo, vice-president of CAST, said during the event’s closing ceremony that the organization will aim to serve the nation’s science-related decision-making, support young talent, and facilitate progress and innovation in the inner regions of China.

On Monday, CAST released this year’s lists of major scientific, engineering and industrial challenges. Each list contains 10 cutting-edge research questions that the scientific community should tackle.

The top scientific questions include how to diagnose asymptomatic Alzheimer’s disease, followed by designing trustworthy and reliable artificial intelligence and creating new instruments for information technologies at the atomic scale.

For engineers, improving China’s offshore fish farming, creating low-cost waste management options for coal mining, and establishing a comprehensive rescue mechanism for patients with cardiogenic shock are the top three challenges.

The top three challenges for industries are the clinical application of gene therapy, chip manufacturing and low carbon development of the thermal power industry.

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The 6th WIC kicks off in Tianjin

TIANJIN, China, June 25, 2022 /PRNewswire/ — The online opening ceremony of the 6th World Intelligence Congress (WIC) cum Summit on Innovative Development was held at National Convention & Exhibition Center (Tianjin) on June 24.

The conference hall of the 6th World Intelligence Congress.
The conference hall of the 6th World Intelligence Congress.

Wan Gang, vice chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC) and president of China Association for Science and Technology, delivered a keynote speech at the opening ceremony. Xiao Yaqing, minister of industry and information technology, Li Xiaohong, president of the Chinese Academy of Engineering, and Li Hongzhong, secretary of CPC Tianjin Committee, gave speeches. Zhang Gong, acting mayor of Tianjin, presided over the event.

Wan said China has seen fast development of new-generation artificial intelligence which is characterized by technology integration and function expansion in singular intelligence, multi-source heterogeneous data and connotation extension in swarm intelligence, application scenario-driven interdisciplinary integration and efficient security guarantee. He also said that, after five years’ development, the WIC has become a platform and a bridge that showcase and link the latest outcomes in the global AI community, an iconic event in Tianjin, and a window for a glimpse of China’s AI industry.

Li Hongzhong said Tianjin has been endeavoring to be a pioneer in AI development and made a series of achievements over the past five years, including increasing passion for scientific explorations, enhanced vigor and concentrated resources for innovation, a thriving AI industry and wide application of digital and AI technologies in industries and everyday life. He said Tianjin will spare no effort to build an innovation cluster, make manufacturing a main driver for the city’s development, deepen the reform of the local science and technology management system, and quicken the pace of building a “smart port”.

As a representative of the Guest Country of Honor, Tom Duke, deputy HM trade commissioner for China at the Department for International Trade of British Embassy Beijing, spoke on site. Yuval Waks, deputy chief of mission at the Israel Embassy in China, spoke via video. They both agreed that the success of the WIC has shown that China, especially Tianjin, is demonstrating great strength and playing an important role in the technology-driven world today, and hoped the WIC could help further enhance the ties between China and their countries in science and technology development and trade.

Following the WIC opening ceremony was the Summit on Innovative Development, which was presided over by Gong Ke, former president of World Federation of Engineering Organizations and executive director of the Chinese Institute of New Generation Artificial Intelligence Development Strategies.

Twelve guests delivered speeches on site or via video. Among them are Zhou Ji, honorary chairman of Governing Board of the Chinese Academy of Engineering, Yin Qi, co-founder and CEO of MEGVII, Liu Liehong, chairman of China Unicom, Yang Yuanqing, chairman and CEO of Lenovo, Zeng Yi, director and general manager of China Electronics Corporation, Nabil Habayeb, senior vice president of GE and president and CEO of GE International Markets, Zhou Hongyi, founder of 360 Group, Thomas J. Sargent, winner of the 2011 Nobel Prize in Economic Sciences and a professor of economics and business at New York University, Chen Xudong, general manager of IBM Greater China, Liu Jiren, founding chairman of Neusoft, Wang Yusuo, chairman of ENN Group, and Wang Jian, academician of the Chinese Academy of Engineering and founder of Alibaba Cloud.

Contact: Fan Yingming
Tel: 0086-13702005832
Email: wic@wiccongress.org

People who are watching the opening ceremony of the 6th WIC.
People who are watching the opening ceremony of the 6th WIC.

 

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Jeff Li, the Founder of Shoplazza was Named 40 under 40 for 2022 by Fortune China

TORONTO, June 23, 2022 /PRNewswire/ — Fortune (Chinese Edition), one of the most influential business magazines, released the “40 Under 40” list for 2022. Jeff Li, the Founder and CEO of Shoplazza, is listed alongside Yiming Zhang, the Founder of ByteDance, Chris Xu, the Founder and CEO of SHEIN, and David Qian, the Vice-chairman of Ecovacs Group, and other entrepreneurs. 


“40 Under 40” by Fortune China is one of the most authoritative awards for young leaders of the year, aiming to uncover those innovators, value creators, and game-changers. It is recognized as the “cradle of business superstars” and entrepreneurs such as Pony Ma, William Lei, and Xing Wang were listed before.

2022 is a challenging year. Fortune believes that the commercial environment is still complicated. The pandemic has not subsided, the order is being rebuilt, and the global economy urgently needs recovery. However, the desire for innovation of young Chinese business leaders, who are wise and bold to cope with the unprecedented changes in the era, isn’t shaken by these factors. This year, the listed entrepreneurs by Fortune China’s 40 under 40 are from various industries such as enterprise-level services, new consumer brands, artificial intelligence, intelligent driving, and more. These leaders commit to creating new value and changing the global commercial world. Among them, Jeff Li is the one and only nominee from the cross-border e-commerce SaaS industry. Founded by him, Shoplazza encourages and empowers brands to go global and achieve business success through technological innovation.

Fortune noted that:

“As a new way for cross-border e-commerce to go overseas, branded webstores have gained more and more attention from brands in recent years. Jeff Li, who once led the team to create a number of Baidu’s international tens of millions of products, founded Shoplazza in 2017, which focuses on providing products and technical solutions for global B2C e-commerce. The core product is the global shopping cart SaaS. Currently, Shoplazza has served over 360,000 merchants worldwide, with consumers from 150+ countries and regions, helping dozens of brands achieve globalization. And it has become the leading SaaS platform for cross-border e-commerce and is still fast-growing.

“We will introduce more intelligent products to empower brands to achieve global business success through technological innovation,” Jeff said, “thanking Fortune and its recognition, Shoplazza always stays open to more and makes online selling easier than ever.” As Fortune mentioned, Shoplazza is amidst gathering the power to change the e-commerce world.

Media contact:
Mia Wang
Corporate brand director
Wangxizi@shoplazza.com

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Leading Global Fintech Provider Selects Infobird Co., Ltd. to Deliver its Industry Leading Digital and Intelligent Customer Engagement Solution

BEIJING, June 21, 2022 /PRNewswire/ – Infobird Co., Ltd (NASDAQ: IFBD) (“Infobird” or the “Company”), a leading provider of AI-powered customer engagement solutions in China, today announced that it has entered into a cooperation agreement with a leading global Fintech service provider. Under this agreement, Infobird will leverage its AI Chatbots and years of experience in the financial industry to provide strong support for the client’s digital and intelligent customer engagement. The cooperation marks another important milestone for Infobird, as it expects to continue to win significant new customer business in its strategic industries.

In an era that focuses on efficiency and effectiveness, Fintech companies are increasingly seeking to leverage intelligent solutions to better reach and contact their customers. The traditional method of connecting with customers through human customer service agents can be both ineffective and quite costly. This is especially true when companies have a large customer base, where difficulties of efficient customer management and the associated personnel costs can increase significantly. Infobird’s AI voice/text Chatbot products can support many client scenarios, including notification, customer marketing, customer activation, customer satisfaction surveys and etc. At the same time, during the implementation of specific solutions, Infobird’s business consultants can also help clients design processes that are more suitable for customer engagement scenarios with the goal of truly integrating its solutions into the operations of the customer to maximize the effect of its AI applications.

Over the years, Infobird’s AI voice/text Chatbots have served many clients in different industries, covering finance, healthcare, technology services, and corporate services. The Company has accumulated years of operational and industry experience. In the financial sector, Infobird has gained deep know-how of the actual business scenarios of the industry and provided customers with business result-oriented solutions. In terms of product capabilities, Infobird’s AI voice/text Chatbots are capable of not only single-round simple Q&As, but also multi-round dialogues. This allows the AI Chatbots to be more “human-like” in the actual work and therefore provide better user experiences for clients. In addition, Infobird can provide a seamless experience for the human customer service agent via Chatbot’s cooperation, with AI Chatbots first communicating with customers and then, if necessary, transferring certain calls to the human agents for further services.

As a leading AI SaaS customer engagement service provider in China, Infobird’s intelligent product portfolio covers scenarios in both customer engagement and sales force management. In the future, Infobird plans to continue to optimize the Company’s product capabilities in intelligent products such as AI voice/text Chatbots, and build more first-hand customer engagement experiences in different industries and provide greater value to the Company’s clients.

About Infobird Co., Ltd

Infobird, headquartered in Beijing, China, is a software-as-a-service provider of innovative AI-powered, or artificial intelligence-enabled, customer engagement solutions in China. For more information, visit Infobird’s website at www.Infobird.com.

Forward-Looking Statements 

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “will, “future,” “expects,” “believes,” and “intends,” or similar expressions, are intended to identify forward-looking statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events, results, conditions or performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date they are made. In evaluating such statements, investors and prospective investors should review carefully various risks and uncertainties and other matters identified in the Company’s filings with the U.S. Securities and Exchange Commission. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

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Chenghe Acquisition Co. Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing June 23, 2022

SINGAPORE, June 20, 2022 /PRNewswire/ — Chenghe Acquisition Co. (the “Company”) announced today that, commencing June 23, 2022, holders of the units sold in the Company’s initial public offering of 11,500,000 units, completed on May 2, 2022, may elect to separately trade the shares of Class A ordinary shares and warrants included in the units. Those units not separated will continue to trade on the Nasdaq Global Market (“Nasdaq”) under the symbol “CHEAU,” and the shares of Class A ordinary shares and warrants that are separated will trade on Nasdaq under the symbols “CHEA” and “CHEAW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants.

The offering was made only by means of a prospectus, copies of which may be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department, Email: prospectus@morganstanley.com.

Morgan Stanley & Co. LLC is acting as the representative of the several Underwriters. A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and was declared effective by the SEC on April 27, 2022, Eastern Standard Time. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Chenghe Acquisition Co.

The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue a business combination target in any business, industry or location, it intends to focus on financial technology or technology-enabled financial service companies, including artificial intelligence, big data, cloud and blockchain-related initiatives in Asian markets, which can benefit from the expertise and capabilities of the Company’s management team to create long-term shareholder value. However, the Company will not undertake its initial business combination with any entity based in or with its principal business operations in Mainland China, Hong Kong or Macau.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination. No assurance can be given that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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TradeFlow Capital Management and CTD Indices launch new indices to support better decision-making in China Energy and Grain Markets

SINGAPORE, June 20, 2022 /PRNewswire/ — With investors requiring more accurate and timely information for better decision-making in increasingly volatile and complex market conditions, CTDIndices (CTDI) and TradeFlow Capital Management (TradeFlow) are pleased to announce the launch of the “TradeFlow CTDI China Energy Index ” and “TradeFlow CTDI China Grain Index”.

China ranks 2nd in GDP terms based on data from the World Bank, with tremendous importance to the global economy and in particular trade finance. Despite this, gaining access to the underlying data can be challenging to trade finance professionals. The newly launched Indices offer an uncluttered view of China domestic market activity to improve decision making.

TradeFlow, a market leader and innovator in the transformation of risk associated with SME company import/export Commodity transactions, is in partnership with CTDI to create China-focused indices for a more transparent proxy of past and current market performance of the world’s second largest economy.

The TradeFlow CTDI China Energy & Grain indices are the first of an intended collaboration where new specialist indices will be created and offered to the Energy & Commodities market under license.

Dr. Tom James, CEO and CIO of TradeFlow Capital Management said : “Having access to independent, unbiased and transparent indices is of increasing importance as the trading landscape becomes more volatile, and the higher frequency of decision-making must be supported with better information.”

Paul Hsu, CEO of CTDI said : “We are excited to be partnering up with TradeFlow to bring more insight into the Chinese economy. In addition to cooperating on these first indices, we look forward to working with TradeFlow to bring additional indices to market that will serve the global financial and trade industries.”

The indices will be available direct or via chosen vendor partners. More information on subscription and licensing may be found HERE

Media Contacts
For TradeFlow Capital Management
Daniel Chua, Vice-President, Stakeholder Relations and Sustainability
Email: daniel.chua@tradeflow.capital

For CTD Indices
Tony Tansley, Communications
Email: tony.tansley@ctdindices.com

About CTD Indices

CTD Indices is an innovative provider of indices and index solutions to the global financial services industry. Clients value us for our tailor-made index solutions for ETFs and other index-linked financial products because of our quant-based background, quality, and speed. Our client first, flexible approach makes us the leading index provider for clients worldwide.

About TradeFlow Capital Management

TradeFlow Capital Management (TradeFlow) is the world’s first Fintech-powered commodity trade enabler focused on SMEs. TradeFlow consists of a diverse team of experts with the focused mission of addressing the increasing trade finance gap faced by global SMEs operating as producers/traders/end-users in the bulk commodity trading space. By performing an enabling role in international trade and globalization, TradeFlow creates growth opportunities for businesses and economies.

TradeFlow transforms the risk associated with SME company import/export Commodity transactions that form the lifeblood of modern economies into Investment Grade products for Banks and Investors. It achieves this by using a proprietary Risk Transformation Engine (RTE) combined with the latest Digitalisation technology including Artificial Intelligence to power its innovative non-credit, non-lending model. TradeFlow’s RTE architecture provides the added advantage of superior risk-adjusted returns and capital preservation for investors and is highly complementary to traditional trade finance lending institutions like Banks.

To date, TradeFlow has successfully invested in more than US$1 Bn of physical commodity trade through 800+ transactions across 15+ countries and 27+ commodity types, with more than 800 SME counterpart entities KYC reviewed. As part of its unique business model, The TradeFlow Funds*, advised by TradeFlow, were conceived in 2016 and launched in 2018.

To facilitate Environmental, Social and Corporate Governance (ESG) objectives that support the United Nations Sustainable Development Goals (UN SDGs), TradeFlow has implemented its Climate Impact Strategy (CIS) leveraging on its unique trade investment model since December 2020.

In July 2021, Tradeflow was acquired by Supply@ME Capital plc, the innovative fintech platform that provides the Inventory Monetisation© service to manufacturing and trading companies, and which is listed on the London Stock Exchange. The combined strengths of both entities further TradeFlow’s ability to fulfil its mission of enabling trade for SMEs worldwide, and in doing so, support the UN SDGs.

TradeFlow is a Partner of the International Chamber of Commerce (ICC) to mobilise capital and improve trade finance access for small and medium sized enterprises (SMEs) worldwide through the “‘ICC Trade Now” and “ICC Digital Trade Standards Initiative” platforms.

We are a FinTech Certified Company (SFA), a Corporate Member of the Singapore FinTech Association (SFA), a Member of the Alternative Investment Management Association (AIMA), a Member of the Bankers Association for Finance and Trade (BAFT), an Associate Member of EuroCham Singapore, and a Gold Member of the South African Chamber of Commerce. 

TradeFlow is a Registered Fund Management Company (RFMC) regulated by the Monetary Authority of Singapore (MAS).

* No.1 SME-focused trade finance fund in annual net returns to investors in 2020, as reported by Preqin Alternative Investment Database records

TradeFlow Capital Management Pte Ltd
10 Marina Boulevard, #08-05,  MBFC Tower 2, Singapore 018983
UEN: 201920511H
www.tradeflow.capital
Please bookmark our media: TradeFlowTV | Twitter | LinkedIN

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MegaRobo Technologies Completed ~US$300MM Series C Financing, Led by Goldman Sachs Asset Management, Asia Investment Capital and GGV Capital

BEIJING, June 15, 2022 /PRNewswire/ — On June 15, 2022, MegaRobo Technologies Ltd. announced that it has closed a ~US$300mm Series C financing, led by Goldman Sachs Asset Management, Asia Investment Capital, and GGV Capital, and co-invested by Sinovation Ventures (existing shareholder), Pavilion Capital, Starr Capital, U-Member Capital, RedView Capital, Harvest Capital and Taihe Capital. The proceeds will help MegaRobo continue its R&D investment, capacity increasing and global expansion.

In the past decade, R&D spending in life sciences industry has been driven by growth in small- and medium-sized biotech companies, strong capital formation and increasing contribution from APAC countries. Efficiency improvement and resource optimization are the top priorities for the development of life sciences industry. Artificial intelligence and robotic automation are natural solutions to address the challenge and potentially reset the efficiency standard for the next-generation life sciences laboratory.

Since 2016, MegaRobo has empowered life sciences industry with a complete suite of automation solutions ranging from benchtop workflow automation for simple work flow to fully automated platform for complex work flow in large system journey applications, further penetrating into the next-generation life sciences infrastructure system for R&D and AI drug development services. Addressing the rapidly increasing demand in labor shortage and throughput limit, MegaRobo’s workflow automation integrates different processes and applications by combining AI software, analytical instruments, hardware and consumables into one system. Successfully adopted in multiple countries around the world, MegaRobo’s products can significantly improve efficiency for clients compared to conventional approach in various life sciences applications including antibody selection, cell line development and molecular screening.

MegaRobo has collaborated with leading life sciences companies to build the infrastructure and platform to optimize R&D process and improve efficiency. In organoids, MegaRobo has partnered with CELLada to achieve high-throughput large-scale cultivation and testing. Various highly valuable organoid models have been successfully cultivated, such as heart organoids with 2-band beating and typical chambers, and brain organoids with ventricles and clear neural structures. In cell & gene therapy, MegaRobo has jointly developed integrated automation solutions for synthetic biology and biopharmaceutical R&D with Agilent Technologies. Together with AccuMea, MegaRobo has established an automated and standardized platform for detection and analysis of mRNA and viral gene vectors. In gene editing, MegaRobo has created a large CRISPR plasmid library through proprietary MegaMolecule and MegaCell platforms to standardize accumulation of cell phenotypic images and omics data, which has been proven to be ten times more efficient than conventional manual approach.

In addition to exploring frontier fields in life sciences, MegaRobo has also been actively providing total solutions to COVID-19. It has developed a fast-evolving and diverse product portfolio in a short period of time, which consists of high-throughput sample preparation system, fully automatic nucleic acid testing system enabling “sample-in, result-out”, fully automated mobile shelter laboratory as well as fully automated high-throughput antigen reagent preparation solution. MegaRobo’s platform can significantly reduce the infection risk among front-line medical professionals while greatly improving the testing throughput and accuracy.

Dr. Wang Chengzhi, Chief Scientist of MegaRobo, said: “MegaRobo has greatly improved the efficiency of biopharmaceutical R&D and manufacturing in many fields by deeply integrating intelligent and automation technology with life sciences. Through a large automated experimental platform, MegaRobo collaborates with multiple top institutions to build a standardized and structured biological database for the next-generation AI-driven research and development. This financing round will help MegaRobo further strengthen its closed-loop solutions in ‘Automation + Artificial Intelligence + Life Sciences’, and build the next-generation life sciences infrastructure featuring intelligent automation.”

Mr. Liu Erh Fei, Founding Partner and CEO of Asia Investment Capital, said: “We see great opportunities in automation and digitalization to improve efficiency and intelligence level in a wide range of areas. MegaRobo has established a leading franchise in the life sciences industry with recognition from leading players in the sector globally. MegaRobo has built strong capabilities in automation and artificial intelligence, has gained in-depth industry know-how, and is continuously exploring frontier technologies. We believe MegaRobo is well-positioned to expand the width and depth of its business, and will continue to be the driving force of efficiency improvement and value creation in the life sciences industry.”

Mr. Kevin Ding, an Executive Director at Goldman Sachs Asset Management focused on healthcare-related private equity investments, said: “The global life sciences automation industry has significant growth potential. We expect the rapid penetration of automation solutions to continue amid challenges in scaling up manufacturing and increasing hiring of R&D talent. MegaRobo has demonstrated continuous innovation in its technology and product offerings for clients. We look forward to leveraging our global network and resources to support the company’s continued growth and ambitions as a leader in this market segment.”

As a long-term supporting partner of MegaRobo, Sinovation Ventures’ partner Mr. Richard Yang said: “Under the opportunity of deep integration of AI and automation technology with advanced industries, MegaRobo has made great progress in the past few years. It has applied automation technology to greatly improve the efficiency of the biological and chemical industry and facilitate the upgrading of the industry with qualitative changes, and is extending its core competitiveness to other cutting-edge industries. As a partner witnessing this process, Sinovation Ventures has been touched and inspired a lot along the way. Being open-minded and down-to-earth, MegaRobo’s team continuously challenged, upgraded and transformed themselves in the past few years, forming the MegaRobo spirit of ‘Always Day One’. As more and more partners are introduced, MegaRobo has grown into a unicorn. But we believe this is just the beginning, and hope that more talents and partners will join this great cause to promote the progress of human life with technology and love.”

Mr. Daniel Huang, Founder and CEO of MegaRobo, said: “This financing round marks an important milestone in the development of MegaRobo. It is a great honor to team up with many top institutional investors and partners. We firmly believe that intelligent automation is an inevitable trend in life sciences industry. MegaRobo will continue to deeply consolidate its R&D and technological capabilities, and broadly explore empowerment opportunities in energy and chemical industry, food safety, applied chemistry, semiconductor and other fields with intelligent and automation technologies, in order to enable the upgrade and transformation of more industries and fulfill the mission to ‘create a more efficient, healthier and better world for everyone’.”

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JX Luxventure receives Nomination for the “Best Software Solution Provider” Award

HAIKOU, China, June 3, 2022 /PRNewswire/ — JX Luxventure Limited (Nasdaq: LLL) (the “Company”), a company delivering comprehensive products solutions to global elite families serviced by our business customers with business segments covering menswear, cross-border merchandise and tourism, announced today that that on June 2, 2022, it received a nomination for “Best Software Solution Provider” award at the 2022 Fifth Annual Global Cross-border E-Commerce Forum. 

Ms. Sun “Ice” Lei, Chief Executive Officer of the Company commented: “Other nominees for this award are all well-known software and cross-border merchandise providers in the world, including Oracle China, Shoplazza and GiiMall.  We are truly honored that the Company, being the only early-stage company, was nominated for this award.   This is the affirmation of the professional work done by our technology team, led by our CTO, Liu Ze, an expert in Artificial Intelligence, Internet of All Things and Block Chain.  We have identified technology consulting as a new business segment and on June 1, 2022, we signed the first Technology Consulting Agreement with a value of USD1,000,000.   This is a great beginning of our technology consulting business and paved a solid foundation for the future.”

About JX Luxventure Limited

Headquartered in Haikou, China, JX Luxventure Limited is a company delivering comprehensive products solutions to global elite families serviced by our business customers with business segments covering menswear, cross-border merchandise and tourism. To learn more about the Company, please visit its corporate website at en.jxluxventure.com.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of JX Luxventure Limited, and its subsidiary companies. All statements, other than statements of historical fact included herein, are “forward-looking statements” in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

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