software – Asia Tab

ACN Newswire

Kingsoft Announces 2022 Third Quarter Results

15 11 月, 2022

HONG KONG, Nov 15, 2022 - (ACN Newswire via SEAPRWire.com) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 30 September 2022 ("period under review").During the period under review, the revenue of Kingsoft increased 22% year-on-year and kept flat quarter-on-quarter to RMB1,837.1 million. Revenue from the office software and services, and the online games and others represented 55% and 45%, respectively, of total revenue. Gross profit increased 18% year-on-year to RMB1,466.2 million. Operating profit before share-based compensation costs increased 10% year-on-year to RMB395.3 million.Mr. Jun LEI, Chairman of Kingsoft, commented, "The Group adheres to technological empowerment, with a focus on developing core products and technologies. During the quarter, our core businesses demonstrated strong resilience. Leveraging its accumulated experience and strengths in products and technologies development, Kingsoft Office Group continued to pursue the strategy of 'multi-screen, cloud, content, artificial intelligence ("AI") and collaboration' and improve its products and services solutions, aiming to increase user stickiness for cloud and collaboration office scenarios. Regarding our online games business, we have adhered to the strategy of premium games and focused on the long-term development of core games."Mr. Tao ZOU, Chief Executive Officer of Kingsoft, added, "During the third quarter, our total revenue reached RMB1,837.1 million, up 22% year-on-year. Driven by the continued growth of individual and institutional subscription businesses, revenue from office software and services business reached RMB1,004.7 million, up 25% year-on-year.BUSINESS REVIEW Office Software and ServicesFor the third quarter of 2022, revenue from the office software and services business increased 25% year-on-year and 9% quarter-on-quarter to RMB1,004.7 million. The year-on-year increase was mainly due to the continued growth of Kingsoft Office Group's individual and institutional subscription businesses. In the third quarter, with a growing individual user base, Kingsoft Office Group strived to increase user engagement and stickiness and the proportion of long-term paying users by enhancing cloud services, enriching product portfolio and improving user experience. Kingsoft Office Group has dedicated itself to improving application performance for the government and enterprise subscription business by working on user efficiency, data management, information security and industry application scenarios in order to cater to the need of users which has led to a growing penetration of the enterprise-level product, Kingsoft Digital Office Platform. As for the institutional licensing business, our products continued to gain acceptance by increasing demand for domestic office software from government and enterprises, partially offset the high base for the same period last year and slower localization progress this year. Recently, we launched the official document version of WPS for the government users. Developed upon the professional version of WPS, it offers industry-leading functions such as official document work mode, a variety of official document templates, and document conversion to optimize document work efficiency of government users.Online Games and OthersRevenue from the online games and others business for the third quarter of 2022 increased 18% year-on-year to RMB832.4 million. The year-on-year increase was mainly due to the successful launch of several mobile games in the fourth quarter of 2021.During the review period, we continued to refine the core IP, enrich the content and enhance product quality through technological innovation aiming to bring players a better gaming experience. We celebrated the 13th anniversary of the flagship JX Online III PC game in August and launched Heng Dao Duan Lang, the anniversary expansion pack and a new section Dao Zong for the JX Online III PC game in October. The third season of JX Online III: Chivalrous Shen Jianxin, an animation series based on the JX Online III was released on Bilibili in July and was welcomed by gamers. The rating of the animation series on Bilibili reached a record high and the influence of JX IP has been further enhanced. In August, we launched the open beta across all platforms and a new expansion pack for JX World III in China. The launch has further enhanced user engagement and reached a broader player base laying a solid foundation for our long-term development."Mr. Jun LEI concluded, "Looking ahead, we will maintain our investment in R&D, further enhance the user experience for our 'cloud and collaboration' office services and expand new game genres. We will continue to focus on technology innovation and product upgrades and enhance competitiveness and efficiency, aiming for the long-term sustainable development of the Group."About Kingsoft Corporation LimitedKingsoft is a leading software and Internet services company based in China listed on the stock exchange of Hong Kong. It has three main subsidiaries including Kingsoft Office, Seasun and Kingsoft Shiyou. Following the implementation of its "mobile internet transformation" strategy, Kingsoft has completed the comprehensive transformation of its overall business and management models, and formed a strategic platform with office software and interactive entertainment as the pillars and cloud services and AI as the new directions. The Company has more than 7,000 staff around the world and enjoys a large market share in China. For more information, please visit http://www.kingsoft.com.Kingsoft Investor Relations:Francie Lu Tel: (86) 10 6292 7777 Email: ir@kingsoft.comFor further queries, please contact Hill+Knowlton Strategies Asia:Ovina Zhu Tel: (852) 2894 6315 Email: kingsoft@hkstrategies.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

JCN Newswire

NEC Launches Open RAN cloud-native virtualized software suite to extend the NEC Open Networks best of breed ecosystem

29 9 月, 2022

TOKYO, Sep 29, 2022 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) introduces its open virtualized RAN software suite to the international market. NEC's vCU/vDU software suite leverages the company's long history of technological leadership and commitment to improving Open Radio Access Networks (RAN). NEC Open Networks is an ecosystem that provides operators with choice in every category with best-of-breed solutions and services from both NEC and its partners in Open RAN radio units, software, open transport, converged packet core, automation, and orchestration. NEC will continue integrating, commercializing, and deploying multiple ecosystem partners in this vRAN software suite to meet its customers' needs.Drawing on NEC's deep experience as a global leader in telecommunications, NEC will integrate this software suite with its existing and new partners. This new vCU/vDU software suite guarantees seamless migration from 4G to 5G and beyond. It also ensures standards based interfaces for integration with ORAN Radio Units (O-RUs) and other components of the multi-vendor ecosystem. The virtualized CU/DU features pre-integrated NEC radio units, core, and transport blueprints, and is also certified with a range of third-party RUs, allowing quick time to market."NEC is committed to being radically open, allowing customers to select the best solutions for their needs," said Patrick Lopez, NEC's vice president of product management for 5G. "We're giving our customers another option of a pre-integrated, automated vCU/vDU solution to define their RAN blueprints while benefiting from a virtualized Open RAN compliant system. The NEC OvRAN vCU/vDU software suite is built to bring operators into the cloud native world with no compromise on performance or quality."NEC's cloud-native vCU/vDU software suite is fully open and automated for deployment and consolidated operation, supporting 3GPP and O-RAN interfaces on private and public cloud infrastructure. It leverages the benefits of cloud-native architecture, including horizontal and vertical scaling, auto-healing, and redundancy; and is architected for mobile network evolution, including the next-generation radio technologies (i.e., 5G-Advanced and 6G). The high-performance, power-efficient system enables flexible control over resource allocation in the RAN and is designed for easy integration with the O-RAN defined near-Real Time RAN Intelligent Controller. This allows the embedded vCU/vDU control logic with Artificial Intelligent (AI) and Machine Learning (ML) to dynamically optimize RAN network performance.NEC's advanced, customizable Service Management and Orchestration (SMO) feature-set complements NEC's OvRAN offering with the NEC RAN Domain Orchestrator Suite. Its support for open, standardized interfaces and integrated non-Real Time RIC platform means that it can host use-cases developed by 3rd party application ecosystem vendors. NEC is also developing high value-add RIC Apps to complement its OvRAN vCU/vDU software suite such as dynamic mMIMO (massive multiple-input and multiple-output) resource and power optimization.About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

InvesTech Holdings Announces 2022 Interim Results

1 9 月, 2022

HONG KONG, Aug 31, 2022 - (ACN Newswire via SEAPRWire.com) - InvesTech Holdings Limited ("InvesTech Holdings", together with its subsidiaries, the "Group"; stock code: 1087.HK), a leading integrated smart IT solutions provider in China, announces its unaudited consolidated results for the six months ended 30 June 2022 (the "Period"). During the Period, the Group formed strategic alliance with technology giants to jointly offer enterprise digital transformation solutions. These initiatives set to drive sustainable business growth and enhance the Group' core competence. During the Period, intensifying economic uncertainty dampened the business environment in the IT industry in general, meanwhile the delays in project schedules affected by the lockdown of cities in China attributed to a reduction of the Group's revenue to approximately RMB197.1 million (1H 2021: approximately RMB230.4 million). Despite this, thanks to the Group's effective cost control measures and an increase in the proportion of sales of smart office software solutions and related services with relatively higher gross profit margins, the gross profit increased by approximately 32.4% year-on-year to approximately RMB27.0 million (1H 2021: approximately RMB20.4 million). The gross profit margin for the Period was approximately 13.7%, representing a year-on-year leap of approximately 4.9 percentage points (1H 2021: approximately 8.8%). Mainly attributable to the increase in income tax expenses, a loss for the period of approximately RMB14.1 million was recorded (1H 2021: loss for the period of approximately RMB12.2 million).Business ReviewIT Infrastructure System Integration BusinessLeveraging its solid foundations in the industry and strong customer relationships, the Group continued to expedite the development of its traditional IT infrastructure system integration business during the Period. By deepening its business collaboration with technology giants, the Group continued to leverage its core competitiveness and provided advanced and customised IT infrastructure solutions to clients in segments including finance, manufacturing and retail.Smart Office Software Solutions BusinessWhile the Group's self-developed applications (apps) - namely MetaVisitor, MetaWorkspace and MetaMeeting - were launched on several platforms during the Period, the Group also redoubled its efforts to upgrade Virsical, its flagship smart office software solutions product. The Group strived to expand the customer base for its professional smart office solutions and property technology solutions, which provide professional tools such as intelligent building control systems and smart visitor management systems to clients in diversified sectors.Stepping up Efforts to Expand its Business in Hong KongAfter the Group winning a government contract for the provision of a smart library system for the Hong Kong government's Leisure and Cultural Services Department last year, it began to carry out preliminary work including the design of core library systems. The work performed during the first half of 2022 translated into the recognition of approximately RMB12.4 million of revenue during the Period. The Group expects that the project will provide a large and stable income stream as it is completed. In addition, the Group also strived to secure more contracts related to government and public sectors in Hong Kong during the Period, with a focus on smart city and smart IT-related projects, aspiring to enhance its revenue. OutlookLooking ahead, the Group will maintain the stable development of its IT infrastructure system integration business, with a focus on facilitating the development of its smart office software business, which will serve as its revenue growth engine. To acquire new clients and offer cutting-edge solutions, the Group will continue to form strategic alliances with technology giants. In addition to expanding its customer base in the PRC, the Group will also continue its strategic tendering for both public and private projects in Hong Kong, striving to increase its market share. With the aim of expanding its business in overseas markets, the Group intends to explore its business opportunities in Southeast Asia and countries along the route of Belt and Road Initiative to accelerate its business development and capture market opportunities.In recent years, technology giants have made immense investments to expedite the development of enterprise metaverse, leading to breakthroughs in this new technology. Enterprise metaverse solutions have become one of the latest trends in the IT industry, considering that many employees have switched to working from home due to recurrent COVID-19 outbreaks. Leveraging InvesTech's advanced digital-twin technology and solid experience in hybrid smart office solutions, the Group aims to modify and enhance its software products through built-in compatibility with the latest technology. The Group will also join hands with technology giants to offer highly realistic, virtual smart office solutions to customers, with the ultimate goal of facilitating the development of enterprise metaverse.Mr. Ringo CHAN, Chairman of InvesTech Holdings, said: "Taking the rising global demand of IT infrastructure system integration and smart office software solutions into consideration, we are optimistic about our prospects. To capture market opportunities and enhance our leading position in integrated smart IT solutions industry, it is essential to strengthen our core competence to maintain a sustainable development. Therefore, we have continuously been increasing our investment and expand the professional team at our research and development ("R&D") centre in the PRC city of Xi'an in order to optimise our R&D capabilities. Looking ahead, we will explore every opportunity to inject new impetus to our business development and maximize our income, in hopes of bringing greater returns to shareholders and investors."About InvesTech Holdings LimitedInvesTech Holdings Limited (Stock code: 1087.HK) was listed on the main board of Hong Kong Stock Exchange in 2010. As a leading integrated smart IT solutions provider with more than 30 years of experience in IT industry, the Group is principally engaged in IT infrastructure system integration and smart office software solutions businesses. The Group has strong presence in China, with more than 10 offices nationwide with a research and development centre in Xi'an. Website: http://www.investech-holdings.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Jungle launches NFT Marketplace that Ensures the Authenticity of NFT’s

28 7 月, 2022

Dubai, UAE, July 28, 2022 – (SEAPRWire) – Jungle, a community-driven and peer-to-peer non-fungible token (NFT) marketplace has announced the introduction of a a reverse image recognition software that ensures the authenticity of all NFTs within it’s marketplace. The software identifies copymints and any NFT project that is a replica of an already existing project. The combination of the KYC protocol and the reverse image recognition software has made Jungle NFT marketplace arguably the safest in the industry. They are also incorporating a trade-to-earn feature for their teeming community. A Chainalysis report revealed that NFT collectors spent more than $37 billion buying NFTs within the first half of 2022. Jungle NFT marketplace seeks to enable these collectors to also earn rewards when they buy NFTs. The marketplace is designed to be generally accessible to all, irrespective of whether the person is a novice or a seasoned NFT collector. The NFT industry has been on the rise, with projects like CryptoPunks and Bored Apes selling for billions of dollars, and the Jungle’s team is working to ensure buyers enjoy a cashback system for every NFT purchased on the platform. Details about the ‘Trade-to-Earn‘ Feature The JungleNFT ‘trade-to-earn’ feature allows the users to earn a percentage of the amount they paid to buy an NFT. It means that users get paid to trade on the platform. This is a revolutionary approach to further incentivize NFT buyers and collectors, thereby driving the NFT revolution. With the ‘trade-to-earn’ feature, buyers will get rewarded with 0.5% for every NFT they purchased on the JungleNFT marketplace. For example, in June 2022, the floor price of Bored Ape fell to $91,741. If a buyer purchases the NFT on the Jungle NFT marketplace, the buyer will earn over $458 as cashback for buying the NFT. Aside from celebrating NFT buyers by rewarding them, the JungleNFT team also ensures that the marketplace is completely free of copymints. About Jungle NFT Marketplace Jungle NFT Marketplace is a peer-to-peer and innovative NFT marketplace that is designed to provide authentic NFTs and reward buyers whenever they make a purchase. According to the founding team, they aim to become the safest NFT trading marketplace in the industry. To prevent copymints, the team has deployed KYC and the use of reverse image recognition software. With the software, the Jungle NFT marketplace will flag any new project that is an identical pixel-by-pixel replica of an already existing NFT – referred to as a copymint. It will also flag flips, rotations, filters, and other permutations to ensure Jungle marketplace is the safest in the industry. As a way to support the current NFT revolution, Jungle is built to be easily accessible to all, including those new to the NFT space. The platform has a quick and easy payment process with multiple crypto wallets. Social Links Facebook: https://www.facebook.com/junglenft/ Twitter: https://twitter.com/Junglenftmarket Telegram: https://t.me/junglenft LinkedIn: https://www.linkedin.com/company/junglenft Instagram: https://www.instagram.com/junglenftmarket/ Discord: https://discord.gg/tQzEMNhMfV Media Contact Brand: Jungle Contact: Kamron Yazdani, Director of Marketing Email: Kamron@jungle.co Website: https://jungle.co/ SOURCE: Jungle The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)

Clermont Meridian Trading to Rollout AI-Powered Workflow Management Software

28 7 月, 2022

Toronto, Ontario, Canada, July 28, 2022 – (SEAPRWire) – Clermont Meridian Trading has today revealed it will roll out innovative artificial intelligence-powered workflow management software to aid its brokers in their work with clients. The new software will serve as one destination for all of the company’s broker’s planning and implementation of tasks. In addition, the system comprises an AI-powered recommendation engine for investment and wealth management ideas that brokers can present to their clients. “Historically, we have maintained strong relationships with our clients through the traditional channels, our new software will enhance our client relationships even further by automatically prompting our brokers to contact their clients, monitor assets that a client holds in order to make more accurate financial plans, and propose securities to offer them,” said Matthew Bird, Institutional Director of Equities at Clermont Meridian Trading. The new software launch is part of a broader technology strategy at Clermont Meridian Trading, where the company is using technology to differentiate its business from other major wealth management companies. “There are far too many clients and investing options for our brokers to keep track of everything. Our new software will streamline everything by assisting with planning and offering our brokers real-time investment insights. We believe this will deliver us another added advantage over our competitors,” said Andrew Wakefield, Head of Corporate Derivatives at Clermont Meridian Trading. The features and functions of the software are important, but the rollout is just as vital for its success. Clermont Meridian Trading is being cautious and observant in the rollout process. The development of the system is approaching completion, it is currently being tested, and the initial rollout is anticipated to take place in November. Clermont Meridian Trading is a fully independent financial services company established in 2009. As an independent financial services company, Clermont Meridian Trading is committed to providing our clients with honest financial guidance. Media & PR Contact Mr. Timothy Preston, Head of Analytical Research timothy.preston@cmtcapital.com, +1-647-495-8011 15F 141 Adelaide Street West, Toronto, M5H 3L5, Ontario, Canada SOURCE: CLERMONT MERIDIAN TRADING The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)