HONG KONG SAR – Media OutReach – 6 May 2022 – Babel Finance announced on April 18 the appointment of Yang Song as Head of Treasury. Babel Finance Financial Services has newly established this role as the business expands the scope of its services to more varied customer groups. Babel Finance, which has Asia’s largest crypto lending book, has now established a treasury section to improve risk management and provide adequate liquidity for its lending operation. Yang Song joins Babel Finance after 12 years as Vice President of Treasury at prominent German bank Commerzbank.
Yang Song’s experience at Commerzbank positions him well to help Babel Finance’s burgeoning crypto lending business. He spent four years at Commerzbank’s Singapore office handling SGD, three years at Commerzbank’s Frankfurt headquarters managing EUR – the bank’s greatest risk and exposure – and the last five years at the bank’s Hong Kong branch building up its CNH (offshore RMB) and HKD operations.
Together with his growing team of new hires, Yang Song will structure Babel Finance Financial Service’s internal treasury systems and processes. These initiatives lay the framework for optimizing cash flows and funding costs, providing enough liquidity across the firm’s increasing lending and trading operations, minimizing risk across numerous cryptocurrencies and countries, and changing the firm’s product and client service mix.
“We’re delighted to welcome Yang Song to the Babel team to play a vital role in leading the development of more sophisticated practices within crypto lending services and products,” said Del Wang, Founder of Babel Finance. “We’re seeing our clients’ interests expand toward more cryptocurrencies, including altcoins. Solid management is key to servicing such highly sophisticated clients. This hiring is a proactive step in strengthening our risk management, supporting the ongoing expansion of our client services.”
Babel Finance’s asset management team noted that it had a loan balance of US$3 billion equivalent by the end of 2021. The firm’s lending and trading volume are presently centered on BTC, ETH, USDC, and USDT, a basket that is equivalent to the G3 currencies in fiat treasury terms. However, by the beginning of 2022, demand for altcoins among institutions and HNWIs has greatly increased, and Babel Finance is extending its crypto market services to suit these demands.
“As an emerging asset class, crypto assets have the potential to absorb excess fiat liquidity in the same or an even better way that real estate, commodities and other financial derivatives did previously,” said Yang Song, head of treasury at Babel Finance. “Better integrating crypto finance into the wider financial ecosystem could thus be the best way to offset the high levels of inflation we see emerging globally. I’m excited to be joining Babel Finance Asset Management, which is at the forefront of this developing trend.”
About Babel Finance
Babel Finance is a global leading crypto financial services provider, offering institutional and HNWI investors professional services covering crypto lending and crypto trading.
The company is backed by prominent investors, including Sequoia Capital China, Tiger Global Management, BAI Capital, Zoo Capital, Dragonfly Capital, and NGC Ventures.
With a business focus in Asia and a business headquarters in Singapore, Babel Finance has established close cooperative relationships with major global exchanges, custodians, investment funds, and mining institutions.
#BabelFinance
The issuer is solely responsible for the content of this announcement.
TAIPEI , TAIWAN – Media OutReach – 6 May 2022 – The world’s first ever metaverse mobile game: MetaCity M, developed by Gamamobi today, officially announces LISA, a member of BLACKPINK, a girl group who is massively popular across the entire world, will join MetaCity M as a global model under YG Entertainment. The news of LISA becoming MetaCity M’s global model has taken the industry by storm. LISA is known for her cute and loveable style off-stage and her overwhelming dance performance, which is a perfect match for the wholesome style of the MetaCity M. The collaboration, therefore, comes as a bombshell for fans worldwide, who are eagerly waiting to find out what surprises will come next in this exciting collaboration.
《MetaCity M》is the first ever mobile Metaverse game to announce LISA as a global model!
The world’s first open-world metaverse mobile game where all dreams come true!
Having begun development in 2020, MetaCity M precisely focuses on the concept of the ‘Open World Metaverse’. Each planet in MetaCity M features more than 1,600 small towns, 690 second-tier cities, and 55 first-tier cities. The massive 510 million square kilometer world allows players everywhere to play with friends and neighbors nearby, and drive, walk or even fly with people far away from all over the world. Explore different countries every day and see the world in all 4 seasons, or take part in the simple joys of life such as watching the sunrise and sunset, or enjoying a mountain top view. Take a spaceship to other planets and experience interplanetary exploration to visit players on alien planets. Use your life construction skill to develop your hometown with a global player base to create a truly unique town in the metaverse.
《MetaCity M》Welcome to our world’s first open-world metaverse game!
As LISA joins MetaCity M as a global model, fans are more hotly anticipating the release of MetaCity M than ever before. To learn more about LISA, our newest model, keep up to date with the latest news on the MetaCity M website.
The extremely valuable Asian Rosewood tree faces several threats to its survival, according to a new study, published last month in the scientific journal Biological Conservation.
GENEVA, SWITZERLAND – Media OutReach – 5 May 2022 – On May 5, Justin Sun, Founder of TRON, announced on Twitter that the TRON DAO Reserve rolled out a decentralized stablecoin named USDD, which has so far been listed on Sunswap, Sun.io, Curve, Uniswap, Ellipsis, Pancakeswap, Kyberswap, etc., with an initial total supply of one hundred million. Through the cross-chain protocol BTTC, both of the circulating supply on Ethereum and BSC are near twenty million.
USDD is a decentralized algorithmic stablecoin launched collaboratively by the TRON DAO Reserve and top-tier mainstream blockchain institutions. The USDD protocol runs on the TRON network, is connected to Ethereum and BNBChain through the BTTC cross-chain protocol, and will be accessible across more blockchains in the future. USDD is pegged to the US Dollar (USD) through TRX and maintains its price stability to ensure users have access to a stable and decentralized digital dollar system that guarantees financial freedom. The website of USDD is now online (http://usdd.io) . The contract address shall be subject to the announcement on the official website. The addresses of Tron, Ethereum and BSC are:
USDD is a cryptocurrency issued by the TRON DAO Reserve with a highly stable price and diverse use cases. It is based on TRON and pegged to the U.S. dollar at a ratio of 1:1, which means regardless of market volatility, the USDD protocol will keep USDD stable at 1: 1 against the US dollar via proper algorithms in a decentralized manner. Like other TRC-20 tokens, USDD can be traded with no brokers; it depends solely on the smart contracts on the TRON network. Being free from the control of any individual or organization makes USDD more capable of playing its role as a stablecoin. As a fast, low-fee crypto asset with a large supply and competent for cross-border transactions, USDD brings its holders tremendous benefits of the blockchain technology without the risk of volatility.
According to available information，the TRON-based decentralized stablecoin USDD was born with the mission of building a modern financial system on the blockchain. Its permissions are managed by the TRON DAO Reserve, which functions as its early custodian. Also, the TRON DAO Reserve ensures USDD’s price stability and decentralization by collateralizing this cryptocurrency with reserves. This organization aims to safeguard the overall blockchain industry and crypto market, prevent panic trading caused by financial crises, and mitigate severe and long-term economic downturns. By setting risk-free interest rates and regulating the market through liquidity provision, it is able to stabilize the exchange rates of centralized and decentralized stablecoins on TRON and other blockchains. It also intends to formulate and implement monetary and exchange rate policies, play the role of a lender of last resort to minimize systemic risks and ensure the stability of the financial market.
On April 21, TRON founder Justin Sun tweeted an open letter stating that the TRON DAO Reserve, at its initial stage, would provide custody service for the $10 billion worth of highly liquid assets raised from initiators of the blockchain industry as an early-stage reserve, all of which would go to the TRON DAO Reserve in six to twelve months. The Reserve will continue to attract more liquidity assets into its reserves to better play its role as a decentralized institution.
After four years of growth, TRON has seen over 88 million on-chain users and 3 billion transactions in its ecosystem. At present, the circulating supply of TRC-20 USDT has exceeded that of ERC-20 USDT, making TRON the world’s largest stablecoin network, which boasts over $55 billion worth of financial assets, including on-chain stablecoins, and has settled and cleared $4 trillion worth of assets. In December 2021, the TRON network became fully decentralized and was restructured into the TRON DAO community, the largest decentralized autonomous organization (DAO) in the world.
At the end of 2021, Justin Sun was officially appointed by the government of Grenada as its Ambassador and Permanent Representative to the WTO and was authorized to represent Grenada at the WTO meetings during his mandate. Justin said that he would proactively promote the integration of cryptocurrencies and sovereign states to build a new financial system that is secure, efficient, and inclusive. In the meantime, he would also leverage his experience in the digital currency field for a joint response to the new challenges regarding digital transformation in the post-pandemic era.
Best-in-class EV solutions with charging facilities and comprehensive services will increase driver convenience and promote Hong Kong’s Smart Mobility and Sustainability
Schneider Electric unveils new EV chargers, EVlink™ Pro AC and EVlink™ Home, for efficient, resilient and sustainable all-electric transportation
Schneider Electric announced today a strategic partnership with Inchcape, world’s leading international vehicle services groups, to launch a portfolio of one-stop total eMobility solutions for EVs. Jonathan Chiu, President, Schneider Electric Hong Kong (right), and Ted Lau, Managing Director of Greater China of Inchcape (left), came together in a signing ceremony to seal the collaboration.
The rapid transition to zero emission vehicles is vital to meeting the goals of the Paris Agreement on climate change. That transition is accelerating, especially in Hong Kong where in March 2022, EVs represented about 3.4% of the total number of vehicles.
Supporting the HKSAR government’s EV popularization initiative and the Home Subsidy Scheme, the company has planned to install around 3,000 EV chargers in nearly 90 locations by the end of the year. This will pave the way to achieving its goal of installing more than 15,000 EV chargers by 2025.
“As an impact company, Schneider Electric is dedicated to helping customers, partners and communities around the world to make positive, long-term changes. We are proud to partner with Inchcape to contribute to the global electrification and decarbonization of transport and help Hong Kong achieve its ambition of reaching net-zero in terms of carbon emissions by 2050,” said Jonathan Chiu, President of Schneider Electric Hong Kong.
Strategic Collaboration with Inchcape
Sharing the same vision for an efficient and sustainable future for electric mobility, Schneider Electric has formed a strategic partnership with Inchcape to provide car park operators, facilities managers, as well as private EV drivers with an integrated EV solution, including electric cars, seamless charging and comprehensive services.
“This collaboration is an important step in popularizing EVs and supporting the growth of sustainable mobility across Hong Kong. Combining our advanced EV charging technology with Inchcape’s extensive business network, we will accelerate the development of smart, end-to-end solutions and transform the entire electric mobility ecosystem,” said Chiu.
This year, Schneider Electric has planned to launch two new EV chargers, EVlink™ Pro AC (left) and EVlink™ Home (right). The advanced connectivity and smart charging of EVlink Pro AC enable remote monitoring and control, and optimize energy consumption; while EVlink Home is a simple and easy to install charger for homeowners, minimizing any risk of power supply disruptions.
Ted Lau, Managing Director of Greater China of Inchcape said, “The country’s 14th Five-Year Plan stipulates that carbon neutrality is a priority development direction, leading to the growth of new energy vehicle as a strategic, new product industry. In Hong Kong’s Roadmap on Popularization of Electric Vehicles, the HKSAR Government has also committed to driving EV development, with a forecast of 150,000 units of charging devices built in private commercial or residential parking spaces and another 5,000 units in public charging facilities by 2025. Consistent with the Government’s goal to build more charging facilities to address a pain-point in the development of the current EV market, Inchcape is collaborating with Schneider Electric to provide drivers with more charging facilities and solutions.”
EcoStruxure™ for eMobility for an efficient, resilient and sustainable all-electric mobility
The electrification of transportation is critical in the journey to a net-zero future. Schneider Electric’s EcoStruxure for eMobility is a connected, end-to-end solution that is easy to install, maintains power reliability in car parks and buildings, and provides a convenient experience for operators and EV drivers.
This year, the company plans to launch two innovative new EV chargers for eMobility, catering different users’ needs:
EVlink™ Pro AC for landlords, car park operators, and facility managers:
– Advanced connectivity enables remote monitoring and control and supports third party payment systems
– Smart charging optimizes energy consumption and maximizes uptime and efficiency
– Modular and scalable design allows flexibility for operators to add EV chargers whenever needed
– Accessible andinteroperable with all EVs on the market
– Robust design (waterproof and impact resistant) is suitable for outdoor and indoor use
– Optional Peak Controller minimizes the risk of power supplydisruptions
The new EV chargers are Green Premium™ certified, which promises compliance with the latest regulations, transparency on environmental impacts, as well as minimizing CO2 footprint.
Beyond EV chargers, landlords, car park operators, and facility managers are also looking for ways to improve energy management and reshape EV charging infrastructure to accommodate increased electricity demands. Schneider Electric’s EcoStruxure EV Charging Expert, a charging load management system, enables property owners or operators to efficiently monitor and control EV infrastructure and smartly distribute real-time available power to charging stations within their building.
Aspiring to a future of net-zero eMobility, these capabilities are all part of Schneider Electric’s EcoStruxure for eMobility, which offers a complete, end-to-end integrated ecosystem of hardware, software and services. They help owners, individuals, and stakeholders involved in public and private eMobility infrastructure projects to make them resilient, efficient and green to support future demand and address the challenges posed by climate change.
Appendix: Highlights of Schneider Electric EV Chargers
For landlords of commercial and residential buildings, car park operators, and facility managers
For homeowners
EVlink™ Pro AC
EVlink™ Home
Advanced connectivity and sustainable
Supports remote monitoring and control, making operations more efficient
Smart charging optimizes energy consumption
Flexible and user-friendly
Modular and scalable design
Accessible and interoperable with all EVs on the market
Simple and intuitive to install, commission, use, operate and maintain
Reliable and safe compliant
Robust design (waterproof and impact resistant) is suitable for indoor and outdoor use
Compliant with international safety standards
Budget-friendly and sustainable
Affordable solution
With Green Premium™ label and sustainable certifications
Convenient and user-friendly
Accessible and interoperable with all EVs on the market
Easy for homeowners to install and use
Reliable and safe compliant
Optional Peak Controller minimizes the risk of power supply disruptions
Robust design (waterproof and impact resistant) is suitable for indoor and outdoor use
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
HONG KONG SAR – Media OutReach – 5 May 2022 – FinanceAsia, an authoritative financial magazine in Asia, recently announced the results of its 2022 Asia’s Best Companies poll. Mr. Gao Nianshu, executive director and CEO of AsiaInfo Technologies Limited (“AsiaInfo” or “the Company”, stock code: 01675.HK), was voted “Best CEO in China”.
FinanceAsia is one of the most representative and influential capital market journals in Asia Pacific region and an international authoritative financial magazine for institutional investors, analysts and fund managers. Its Asia’s Best Companies poll covers companies from more than 10 countries in Asia, where respected analysts and investors in different regions are invited to vote and assess the overall management and performance of various attributes of companies in Asia Pacific region. The results are considered as highly representative, fair and influential in the market.
The achievement of the award demonstrated Mr. Gao’s excellent corporate management and governance capabilities were recognised by the industry and capital market, and at the same time, was an endorsement of AsiaInfo’s leadership in overall management.
In July 2016, Mr. Gao was appointed as the executive director and CEO of AsiaInfo. Under his leadership, AsiaInfo accurately grasped the opportunity of digital transformation of economy and society, pioneered in “Data-driven operation as-a-service (DSaaS)” business and was successfully listed on the Mainboard of Hong Kong Stock Exchange in end 2018.
In 2019, AsiaInfo formulated the strategy of “One consolidation, Three development”, building on the solid foundation in telecommunication operators market to accelerate the growth of DSaaS and gradually and successfully penetrate into other large enterprises markets, such as finance, government affairs, energy, cable TV, transportation and postal, etc., and set the goal of “business scale to exceed RMB10 billion and the new businesses to contribute a half by 2025”, which embarked the “reengineering journey” of AsiaInfo.
In the three years after listing, on cumulative basis, AsiaInfo’s revenue, net profit, earnings per share and net assets per share were up by 32.8%, 283.2%, 168.8% and 30.3% respectively. In 2021, the Company’s operating revenue reached RMB6.9 billion and “The three new businesses” revenue accounted for more than 22% of operating revenue. The business transformation achieved remarkable results, demonstrating the Company’s strong strategic execution and management capabilities.
In early 2022, AsiaInfo successfully acquired iResearch and forged seven core digital and intelligent capabilities, namely consulting and planning, product development, implementation and delivery, system integration, smart decision-making, data operation, and customer service, creating a closed-loop offerings to customers and becoming a leading provider with full-stack digital and intelligent capabilities.
In recent years, AsiaInfo has firmly implemented the national “dual carbon” (i.e. carbon peaking and carbon neutrality) strategy and pledged to achieve “carbon peak” in 2025 and “carbon neutrality” in 2028, while empowering the implementation of “dual carbon” in society at large with scientific and technological capabilities. Moreover, AsiaInfo is a firm advocate and performer of corporate social responsibility, with active participation in the work of fighting the epidemic with science and technology, poverty alleviation and education support, delivering corporate citizenship with actions.
About AsiaInfo Technologies Limited
AsiaInfo Technologies Limited (stock code: 01675 HK) was founded in 1993 and successfully listed on the Main Board of the Hong Kong Stock Exchange on 19 December 2018. It is a leading provider of software products, solutions and services, a leading provider of integrated cloud and network management services, and a leading provider with full-stack digital and intelligent capabilities.
#AsiaInfoTechnology
The issuer is solely responsible for the content of this announcement.
Laos is promoting investment in mining to boost revenue through the export of natural resources, however, officials say it must also ensure environmental protection.
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