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"K-Beauty Tech Shines in the U.S." APR Corp. to Showcase Beauty Device Technology at CES 2024

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Medicube Age-R Booster Pro


The world’s largest IT-Home Appliance Trade Show, "CES 2024" in Las Vegas, Nevada.  APR Corps will participate under the category of ‘lifestyle’  First participation ever since its establishment  Plans to reveal new products for U.S. launch in addition to currently exporting products Beauty Device Technology will be the key for global including the United States 

SEOUL, South Korea, Dec. 11, 2023 /PRNewswire/ — APR Corp. (APR, CEO Byunghoon ‘Victor’ Kim), the global beauty-tech company, is ready to present K-Beauty Tech based on beauty devices at the world’s largest IT-Home Appliance Show, CES 2024.


Medicube Age-R Booster Pro

APR announced its participation in CES 2024, which will be held at the Las Vegas Convention Center in Las Vegas, Nevada, U.S., from Jan 9th to 12th, 2024. CES, hosted by the Consumer Technology Association (CTA) in the U.S., is the world’s largest home appliance trade show, recently attracting global companies from various industries to showcase their technologies.

This year’s CES marks APR’s first participation and the company will introduce its ‘medicube AGE-R’ beauty devices that create a new skincare lifestyle, under the Show’s Lifestyle category. To this end, six products that have already been successful in the U.S. market, Derm EMS, Ussera Deep Shot, ATS Air Shot, Booster-H, i-Shot, and Contour Body Shot, are set to be showcased initially. Visitors to the APR booth would experience ‘how to care’ with these beauty devices through visual materials.


Medicube Age-R 5 types

APR will also unveil soon-to-be-released products that showcase its technological prowess. Particularly, the next-generation device ‘Booster Pro,’ launched in Korea last Oct, is expected to earn attention in the U.S. as well. Booster Pro represents the culmination of APR’s accumulated know-how in beauty device technology since its brand launch in 2021. The product has gained high popularity in South Korea since its release because of the variety of skincare benefits such as more radiant skin, enhanced skin elasticity, and effective pore management in one device.

APR expects to establish its global reputation as a leading beauty tech company representing South Korea through this year’s CES. APR has continued to engage in skin science research and remains dedicated to securing innovative technological capabilities. This year, in particular, APR established the APR Device Center (ADC), a specialized research and development center for beauty device technology, focusing on enhancing R&D capabilities in beauty devices and internalizing core technologies. APR’s beauty device technology is becoming a key driving force in the global market strategy, and as of last November, domestic (South Korea) and international beauty device sales surpassed 1.5 million units.

Byunghoon ‘Victor’ Kim, CEO of APR, stated, "We are extremely proud to showcase APR’s technology at CES, the world’s largest consumer electronics trade show." Mr. Kim added, "Through this exhibition, we aim to expand APR’s brand name recognition as South Korea’s leading beauty-tech company to consumers worldwide."

CES 2024 has completed registrations of global companies from over 150 countries, with more than 200,000 visitors expected to attend during the exhibition period.

Source : "K-Beauty Tech Shines in the U.S." APR Corp. to Showcase Beauty Device Technology at CES 2024

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

BlackBerry Appoints John Giamatteo as CEO

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Company to Pursue Full Separation of IoT and Cybersecurity Business Units

Industry veteran Giamatteo to lead BlackBerry as Chief Executive Officer IoT and Cybersecurity business units to become fully standalone BlackBerry divisions Process underway to separate centralized functions and right-size cost structures Company will no longer pursue subsidiary IPO of IoT business New organization structure to present greater options for enhancing shareholder value

WATERLOO, ON, Dec. 11, 2023 /PRNewswire/ — BlackBerry Limited (NYSE: BB; TSX: BB) today announced the appointment of John J. Giamatteo as its new Chief Executive Officer and as a member of its Board of Directors, effective immediately. Richard (Dick) Lynch, who has served as interim Chief Executive Officer since November 4, 2023, will continue as Board Chair. The Company also announced that it will separate the IoT and Cybersecurity businesses, and that they will operate as fully standalone divisions. BlackBerry will no longer pursue a subsidiary IPO of the IoT business.

Appointment of John J. Giamatteo as BlackBerry CEO

Giamatteo has served as the President of BlackBerry’s Cybersecurity business unit since October 2021.

Giamatteo has over 30 years of experience with global technology companies.  As President of BlackBerry’s Cybersecurity business unit, he has driven significant enhancements to the product portfolio, go-to-market strategy and organizational efficiency. Prior to BlackBerry he was President and Chief Revenue Officer at McAfee.  Before that, John served as Chief Operating Officer at AVG Technologies, a leading provider of internet and mobile security. He also held leadership positions with Solera, RealNetworks and Nortel Networks.

"We are delighted to appoint John to the role of CEO for what will be a transformative period in BlackBerry’s history, as we work to fully separate our two core business units to drive enhanced shareholder value.  His deep industry experience and outstanding track record of inspiring teams and delivering operational excellence means he is strongly positioned to drive this critical transformation of BlackBerry," said Mike Daniels, Chair of the Compensation, Nomination and Governance Committee of the BlackBerry Board.

"I am honored and excited to lead the next phase of BlackBerry’s evolution as its CEO. BlackBerry’s IoT and Cybersecurity businesses have market-leading technology, exceptional teams and large market opportunities," said John J. Giamatteo. "The Board and I are fully aligned on the next steps needed to unlock the value within BlackBerry, and work on this effort will proceed at full speed. I look forward to working with the entire team to uphold our legacy of innovation and continue providing exceptional service to our customers as we deliver on our goals."

Reassessment of Strategic Direction

Following a reassessment of the previously announced outcome of Project Imperium, the BlackBerry Board has decided to pursue a separation of the IoT and Cybersecurity businesses and establish them as standalone divisions. The Company will no longer pursue a subsidiary initial public offering of its IoT business unit.  The process will include the separation and streamlining of BlackBerry’s centralized corporate functions into business-unit specific teams, with a view to each division operating independently and on a profitable and cashflow-positive basis going forward.

"The Board, with input from its advisors, believes that a full separation of BlackBerry’s IoT and Cybersecurity businesses will open up a number of strategic alternatives that can unlock shareholder value," said Dick Lynch, Board Chair, BlackBerry. "Management is focused on moving quickly to complete this reorganization that will further enhance the focus of both businesses on their respective markets as well as their capacity for fast, flexible decision-making."

To assist in the separation and right-sizing process, BlackBerry is in the final stages of selecting a consulting firm to bring expertise and additional resources for an independent, ground-up assessment.

About BlackBerry

BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including over 235M vehicles. Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety, and data privacy solutions, and is a leader in the areas of endpoint security, endpoint management, encryption, and embedded systems.  BlackBerry’s vision is clear – to secure a connected future you can trust.

For more information, visit BlackBerry.com and follow @BlackBerry. 

Investor Contact:

BlackBerry Investor Relations
+1 (519) 888-7465
[email protected] 

Media Contact:
BlackBerry Media Relations
+1 (519) 597-7273
[email protected]

This news release contains forward-looking statements within the meaning of certain securities laws, including under the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including statements regarding BlackBerry’s plans, strategies and objectives including its expectations with respect to increasing and enhancing its product and service offerings, and other statements that are not historical facts.

The words "expect", "anticipate", "estimate", "may", "will", "should", "could", "intend", "believe", "target", "plan" and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by BlackBerry in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that BlackBerry believes are appropriate in the circumstances, including but not limited to, BlackBerry’s expectations regarding its business, strategy, opportunities and prospects, the launch of new products and services, general economic and financial market conditions, competition, and BlackBerry’s expectations regarding its financial performance.  Many factors could cause BlackBerry’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation: risks related to the proposed separation disrupting BlackBerry’s operations and making it more difficult to conduct business as usual, including maintaining relationships with customers, channel partners or other third parties; risks and uncertainties related to BlackBerry’s ability to complete a full separation of its IoT and Cybersecurity business units on the anticipated timelines, or at all; risks related to BlackBerry’s ability to operate the IoT and Cybersecurity businesses on a profitable or cashflow-positive basis or to enhance shareholder value as a result; and the risks discussed in BlackBerry’s Annual Report on Form 10-K and the "Cautionary Note Regarding Forward-Looking Statements" section of BlackBerry’s MD&A (copies of which filings may be obtained at www.sedar.com or www.sec.gov). All of these factors should be considered carefully, and readers should not place undue reliance on BlackBerry’s forward-looking statements. Any statements that are forward-looking statements are intended to enable BlackBerry’s shareholders to view the anticipated performance and prospects of BlackBerry from management’s perspective at the time such statements are made, and they are subject to the risks that are inherent in all forward-looking statements, as described above, as well as difficulties in forecasting BlackBerry’s financial results and performance for future periods, particularly over longer periods, given changes in technology and BlackBerry’s business strategy, evolving industry standards, intense competition and short product life cycles that characterize the industries in which BlackBerry operates. Any forward-looking statements are made only as of today and BlackBerry has no intention and undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise, except as required by applicable law.

Source : BlackBerry Appoints John Giamatteo as CEO

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Yingli Pharma presents a pivotal Phase 2 study data evaluating linperlisib in relapsed or refractory peripheral T-cell lymphoma in an oral session at the American Society of Hematology 2023 Annual Meeting

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Linperlisib achieved Overall Response Rate of 48% with 30% being Complete Response and manageable safety profile in the r/r PTCL phase 2 study

SHANGHAI and SAN FRANCISCO, Dec. 11, 2023 /PRNewswire/ — Shanghai Yingli Pharmaceutical Co., Ltd. ("Yingli Pharma"), a biopharmaceutical company focused on developing oral therapies for cancer and metabolic diseases, today announced the pivotal Phase 2 clinical trial results of the investigation of linperlisib in the treatment of patients with relapsed or refractory (r/r) peripheral T-cell lymphoma (PTCL). Linperlisib is a phosphoinositide 3-kinase delta (PI3Kδ) oral inhibitor, approved in China for treatment of patients with r/r follicular lymphoma after systemic therapy. 

"There is a vital need for new therapies to treat highly aggressive cancers such as r/r PTCL where there are very limited treatment options." said Dr. Jun Zhu, Professor, Department of Lymphoma, Peking University Cancer Hospital & Institute, Beijing, China, who was the leading investigator for this pivotal clinical trial. "In addition to the promising efficacy and well manageable safety of linperlisib in r/r PTCL, it is noteworthy that a high proportion of the treated patients were shown to have a complete response, and responses have been seen in all the major PTCL subtypes."

"Our approach is to develop novel oral agents that will allow patients to safely administer at home," said Michael Hui, CEO of Yingli Pharma, "We are delighted that the encouraging results of this study support the use of linperlisib in this hard-to-treat disease and are excited to continue developing linperlisib in more indications. The company has applied for linperlisib marketing approval in r/r PTCL in China based on these pivotal study findings." Mr. Hui added, "We look forward to the results of an ongoing open-label multi-center Phase 2 study in the U.S. and Italy in r/r PTCL and r/r CTCL." 

Safe and effective treatment of r/r PTCL patients

The pivotal r/r PTCL Phase 2 clinical trial enrolled 98 patients (pts) from May 2021 to October 2022 at 25 clinical sites in China. The pts had a median of two lines of prior systemic therapies. Sixty-four pts (73%) had refractory disease, 59 pts (67%) had relapsed disease, and 35 pts (40%) had both relapsed and refractory diseases. All patients received linperlisib at 80 mg QD, the RP2D for the drug, with a minimum of 6 months follow-up.

The linperlisib-treated patients (Full Analysis Set N = 88) evaluated by Lugano criteria, had a 48% overall response rate, including 30% complete responses and 18% partial responses, as well as a 68% disease control rate. The median Duration of Response was not reached although the 6-month DOR rate was 75%. The median PFS was 5.5 months (95% CI, 3.5, 15.6) and the median OS was 14.2 months (95%CI, 7.9, not reached). Responses were observed across PTCL subtypes.

Linperlisib was well tolerated with a differentiated and manageable safety profile, specifically having very low levels of immune-mediated toxicities. In the linperlisib-treated patient safety dataset (N=98) for the pivotal study, the most common hematologic treatment related adverse events (TRAEs) of Grade≥3 were neutropenia (32%), leukocytopenia (10%), Anemia (6%), Thrombocytopenia (5%), and Lymphocytopenia (5%). The most common nonhematologic TRAEs of Grade≥3 were pneumonia (14%) and upper respiratory tract infection (5%). Immune-mediated Grade≥3 TRAEs including elevated ALT, AST, diarrhea, colitis, rash were not reported or were <5%. Nine patients (9.2%) discontinued from the study due to various adverse events. The safety results of this study were consistent with previously reported data in other linperlisib clinical studies.

About linperlisib

Linperlisib, a next-generation PI3K-selective oral inhibitor, received marketing approval in China in 2022 for treatment of patients with relapsed and/or refractory follicular lymphoma after two or more systemic therapies. Linperlisib also received U.S. FDA Orphan Drug Designations for follicular lymphoma, chronic lymphocytic leukemia, and T cell lymphomas. 

Linperlisib is under investigation in multiple additional clinical trials as a monotherapy: frontline PTCL, r/r large granular T lymphocytic leukemia, r/r autoimmune hemolytic anemia; and in combination with other agents: in second line follicular lymphoma and marginal zone lymphoma, frontline PTCL, and r/r CTCL.  In the U.S. and EU, linperlisib is being developed by 280Bio, Inc (San Francisco, CA., USA), a wholly-owned subsidiary of Yingli Pharma, in a Phase 2 clinical study in r/r T Cell Lymphomas [PTCL and CTCL].

About Yingli Pharma

Shanghai Yingli Pharmaceutical Co., Ltd., founded in 2011 and located in the National Biomedical Industry Base of Shanghai Zhangjiang InnoPark, is a clinical-stage biotechnology company developing oral drugs for oncology and metabolic diseases. Yingli Pharma has partnered with Jiangsu Hengrui Pharmaceuticals Co., Ltd., for Greater China commercialization of linperlisib (Intarel®) in r/r follicular lymphoma that is conditionally approved, and other heme indications. Yingli Pharma is currently developing other oral agents in clinical stage from its oncology portfolio, including YL-13027 (TGFR1 inhibitor), YL17231 (pan-RAS inhibitor), YL-15293 (KRASG12C inhibitor), as well as a rich pipeline of additional novel oral agents in oncology.

For more information, please see: http://www.yl-pharma.com/

Source : Yingli Pharma presents a pivotal Phase 2 study data evaluating linperlisib in relapsed or refractory peripheral T-cell lymphoma in an oral session at the American Society of Hematology 2023 Annual Meeting

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

China Literature to Acquire Tencent Animation and Comics

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HONG KONG, Dec. 11, 2023 /PRNewswire/ — China Literature Limited ("China Literature" or "the Company", stock code: 0772), a leading online literature and intellectual property ("IP") incubation platform in China, today announced that it has entered into an Asset Transfer Agreement with Tencent Holdings Limited ("Tencent", stock code: 0700) to acquire the related assets of Tencent Animation and Comics, including among others Tencent Animation and Comics’ APP platform, the intellectual property rights and related rights to its content, and its animation, film and TV series projects, for an aggregate cash consideration of RMB600 million. 

Established in 2012, Tencent Animation and Comics is a leading animation and comic platform in China. It has nurtured an ecosystem for animation and comic creators and consumers, and incubated top-tier IPs including The Outcast, The Fox Spirit Matchmaker and Spare Me, Great Lord!. Among these, the comic title The Outcast has a popularity index of 30 billion and a rating of 9.8 out of 10 on the Tencent Animation and Comics platform, and its adapted animation series has accumulated over 6.5 billion video views. In addition, its adapted TV series I Am Nobody has been a standout success, gaining a popularity index of more than 10,000 on the Youku platform and a Douban rating of 8.1 out of 10. Another popular title, The Fox Spirit Matchmaker, has been added to 5.5 million users’ reading lists on the Tencent Animation and Comics platform, and the adapted animation series has received over 11 billion video views. Its upcoming TV adaptation, The Fox Spirit Matchmaker Yuehong, is expected to be released in 2024, and has already garnered more than 3 million pre-registrations on the iQIYI platform.

Mr. Hou Xiaonan, Chief Executive Officer of China Literature, commented, "China Literature and Tencent Animation and Comics share a rich history of collaboration which has yielded remarkable accomplishments. It is worth noting that approximately 50% of Tencent Animation and Comics’ top 30 best-selling titles originate from China Literature’s IPs. Online literature has served as a rich vein of storytelling material for successful comics and animation, while comics and animation have created vivid imagery to accompany stories from our platform, significantly enhancing the IP value of the original written works. I am truly thrilled to welcome Tencent Animation and Comics into the China Literature family. This acquisition will enrich China Literature’s reservoir of blockbuster IPs, bolster our pipeline of comic adaptations, and further expand our production capacity for animation. We expect this alliance to become a key driver of China Literature’s future growth, and through robust synergies, we believe the combined entity will create more value than either party could achieve individually. Looking ahead, China Literature intends to leverage artificial intelligence technologies to empower the adaptation of online literature into animation and comics, accelerating the visualization process of text-based IPs and thereby enhancing the efficiency of our IP commercialization efforts."

About China Literature Limited

China Literature is dedicated to building a deep and immersive intellectual property ("IP") universe for the Mandarin-speaking world. It incubates original IPs from its online literature platform, which are subsequently adapted on a range of digital entertainment mediums, including comics, animation, film, TV series, web series and games. The virtual world created by these digital offerings become an inseparable part of a user’s daily life. China Literature creates and promotes IPs mainly through Qidian Reading and QQ Reading, its leading online literature platforms, as well as New Classics Media, a renowned film and TV drama series production house in China. China Literature collaborates with Tencent, its shareholder and strategic partner, as well as other third-party partners to distribute and develop IP content and to enhance value of its IP. Many of the Company’s online literature works have been successfully adapted into animation, TV series, web series, film and games, including Joy of Life, Candle in the Tomb, Soul Land, The King’s Avatar and My Heroic Husband. China Literature’s rich and extensive content library as well as its unparalleled capability and resources to adapt IP into various entertainment formats is a significant competitive advantage that lies at the core of its business model. For more information, please visit http://ir.yuewen.com/.

Contact

For investors / analysts:
Maggie Zhou
Tel: +8621 6187 0500 ext. 80605
Email: [email protected] 

For media:
Vivian Wang
Tel: +852 2232 3978
Email: [email protected]

Forward-Looking Statements

This press release contains forward-looking statements relating to the industry and business outlook, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in future. Underlying the forward-looking statements is a large number of risks and uncertainties. Further information regarding these risks and uncertainties is included in our other public disclosure documents on our corporate website.

Source : China Literature to Acquire Tencent Animation and Comics

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Global Times: Renowned French director Luc Besson brings latest work 'Dogman' to China

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BEIJING, Dec. 11, 2023 /PRNewswire/ — When Luc Besson’s latest film Dogman hits Chinese cinemas, it is expected to further boost the rebounding Chinese box office so far dominated by domestic films throughout 2023.

While his previous offering – Valerian and the City of a Thousand Planets – is remembered for its cosmic adventure and an interplanetary fashion extravaganza, Dogman is to move the audiences with the captivating theme of fortitude amid life’s vicissitudes when it becomes available at Chinese cinemas on December 15.

During its screening at the Pingyao International Film Festival in October in Shanxi Province, the film moved the 1,500-stong audience to tears. It was Besson’s first trip to China after six years. He also expressed his emotions publicly, touched by the audience’s heartfelt reaction when the film concluded. "I was sitting in the first row. I could feel their tears. When the film finished, they gave me so much appreciation," Besson told the Global Times during an interview in Beijing.

It was reported that the director was also moved to tears when the audience in Venice gave the showing a six-minute-long applause at the end.

Having seen his own film many times, Besson admits he sometimes still gets caught up in its emotion.

Besson wrote the script in which the protagonist, a young man named Douglas, develops a bond with dogs and seeks revenge on his abusive father. Having been the victim of mistreatment at home, Douglas becomes disillusioned with the human world, and only the love of his dogs can bring salvation.

Help people in pain

The idea of making this story into a film came when the director read an article about a father who caged his son for years. "I was trying to imagine how this kid survived; how did he get out of the cage; what he’s gonna become. He can become very bad or very good. That’s his choice," he said.

While the movie is about pain, Besson presents his preferred version of what the young man could become despite the pain.

Agreeing with the ancient Chinese saying "Man is born good," Besson said "people are born good, and sometimes they become bad because of the circumstances."

"No matter what your pain is, it’s your choice to make it good. I really want to spread this message: You can help people in pain," he said.

Besson gives Caleb Landry Jones high praises for his excellent performance. "On a scale from 0 to 10, I will give him 25. I wish I will be lucky enough to make more films with him."

Other main actors in the film, however, are far less easy to cooperate with.

Casting the dogs is in itself a fun and difficult task. First, they collected all the pictures of the dogs and tried to put the pictures next to each other, in order to form a team with enough diversity, to have every kind of dogs in the film as "a reflection of the entire world."

In terms of managing the dogs to have them perform, "you try to organize miracles with the dogs, and you have to be very patient. You have to know them and learn, and do the best that you can to organize this mess."

Booming industry

Having won high recognition in China for his previous works, Besson told the Global Times that he never reads viewers’ comments about what he makes. "Everyone has opinions, good or bad. I’m not hiding from the bad ones, [but I’m] not looking for the good ones, either."

His passion lies solely in making the film, not in the conversation of viewers. He took the Forbidden City as an example, describing it as "one of the most amazing architecture I’ve ever seen."

"Do you think at the time people built it, they would think a French man would come and say ‘OMG, it’s wonderful!’"

"A 60-year-old man in China, or a 13-year-old girl in Germany will all watch the film. They are not of the same culture or age. Someone not born today will watch Dogman in 20 years, and I’m probably not there," he said. "I just hope they will take something from the film."

Having not been in China for six years, Besson observed changes in the Chinese filmmaking industry during his visit in October. He met with leading Chinese directors and actors like Ning Hao and Huang Xuan in Pingyao, and saw a booming industry with a lot of energy, predicting that the Chinese film market is likely to become the world’s biggest in a few years once again.

The film box office in 2023 has seen a fast rebound after the pandemic, reaching more than 50 billion yuan ($7.01 billion) as of mid-November.

Staying in China for almost 10 days in October, Besson came back to China again and appeared for promotional events in Shanghai over the weekend. For Besson, Chinese culture is full and complex. "I want to spend more time to know people here better; to talk to people."

He is also open to cooperating with Chinese film producers. With a lot of experience himself, Besson said he would be very happy to help younger directors, and probably "steal" some energy from the young people.

Source : Global Times: Renowned French director Luc Besson brings latest work 'Dogman' to China

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Tony Elumelu Convenes Global Leaders and Calls for Immediate Climate Action for Africa at Conference of the Parties (COP28) in Dubai

Hong Kong Baptist University-led research discovers new therapeutic target for irritable bowel syndrome

LAGOS, NIGERIA – EQS Newswire – 11 December 2023 – Tony Elumelu Foundation (https://www.TonyElumeluFoundation.org) Hosts US Administration, WTO, UNDP, IFC, UNICEF, Rockefeller Foundation Leaders; Champions equitable partnerships to catalyse a new generation of green entrepreneurs; Announces partnership to fund young African entrepreneurs in Green sector with Ikea Foundation, Dutch Government, and UNICEF Generation Unlimited; Secures commitments to support Africa’s youth to drive climate resilience from World Trade Organisation, World Bank, UNDP, Government of Sweden, IFC, US State Department, and others.

At a series of events across COP28, Tony Elumelu delivered a single message to world leaders: Africa needs to be heard, Africa’s future is the world’s future and the continent that is most impacted by and the least contributor to climate change, needs our attention. With African youth set to make up one third of global population later this century, the future of Africa’s youth, entrepreneurial, ambitious, resilient, needs to be given the highest priority.

Elumelu offered the infrastructure and experience of his own Foundation’s 10 year $100m entrepreneurship programme to partners, to catalyse a further generation of African entrepreneurs; entrepreneurs who can address climate change and drive the broader wealth creation that Africa requires. Reaching and funding young entrepreneurs in every African country, the Elumelu approach of sector agnostic seed funding, mentoring, and networking has delivered robust impact.

The annual COP UN Climate Change Conferences unites the world to assess progress in combatting climate change. Elumelu is one of Africa’s leading advocates for an equitable agenda for climate action and through the Tony Elumelu Foundation has empowered thousands of green entrepreneurs, shaping a more sustainable future for Africa.

The Tony Elumelu Foundation, in partnership with the United Bank for Africa (UBA), hosted a high-level session, bringing together Africans, and key players in the Gulf, Europe, and Americas, where UBA operates, underscoring the urgent need for innovative approaches to climate adaptation and mitigation, while fostering sustainable development, and bringing attention to Africa’s unique position.

Speakers included Dr. Okonjo Iweala, Director General, World Trade Organization; Ahunna Eziakonwa, Assistant Administrator and Regional Director for Africa, UNDP, Kevin Frey, CEO, UNICEF Generation Unlimited; Sergio Pimenta, VP Africa, IFC; Wendy Teleki, Head of the Women Entrepreneurs Financial Initiative, World Bank; Adam Wang-Levine, U.S. Deputy Assistant Secretary for Climate; Joseph Nganga, Vice President, Global Energy Alliance for People and Planet, Rockefeller Foundation; Hassan Al Hashemi, VP International Relations, Dubai Chambers; Serge Ekué, Chairman, West African Development Bank (BOAD); Muyiwa Akinyemi, Deputy Group Managing Director, United Bank for Africa; and Mattias Frumerie, Swedish Climate Ambassador and Head of Delegation, UNFCCC.

“Addressing climate change is the paramount challenge of our era. The urgency is unmistakable.” Elumelu stated. “It is critical that Africa, as a continent, and African voices, play a key role in global climate conversations, as meaningful participants, and no longer as bystanders. Africa is least responsible and is disproportionately impacted by climate change. I am investing in a generation of green entrepreneurs, and we are extending the hand of partnership, so that others can benefit and use the infrastructure and platform we have created to reach entrepreneurs across Africa.”

Elumelu represented the African private sector at the 2023 New Global Financing Pact in Paris at the invitation of French President Emmanuel Macron, and the Climate Finance Mobilisation Forum in London, at the invitation of King Charles III of the United Kingdom and U.S. President Biden. At the 78th United Nations General Assembly (UNGA78) in New York, the Tony Elumelu Foundation (TEF) launched a first-of-its-kind Green Entrepreneurship Programme, the #BeGreenAfrica Initiative, in partnership with the IKEA Foundation, Dutch Government and UNICEF GenU, to support green entrepreneurship and youth development.

Tony Elumelu Entrepreneur from Madagascar in the green economy, Marie-Christiana Kola, shared a compelling impact story. “As a beneficiary of the Tony Elumelu Foundation Entrepreneurship programme, I was able to create a recycled and 100% biodegradable hand soap made with waste cooked oil – the number one water polluter of water in African urban cities. These soaps do not only protect the environment, but they are also solidarity soaps. I was also able to attend the COP27 conference in Egypt, where I won the Innovation Prize. Today, I have employed over 30 people because of the Tony Elumelu Foundation.”

Speaking at the TEF #COP28 high-level event, Dr. Okonjo Iweala, DG, World Trade Organisation stated, “I am proud of what my brother, Tony Elumelu, has done in empowering and inspiring so many young entrepreneurs. We have no choice; the future is green. The future of growth is two things – it is green, and it must be inclusive. I am very interested in partnerships with organisations like TEF.”

Ahunna Eziakonwa, Assistant Administrator and Regional Director for Africa, UNDP added, “The reason why UNDP associated itself with the Tony Elumelu Foundation years ago is because of the leadership and courage of the Foundation to trust and invest in young Africans. It was one of the first organisation to do so at that scale.”

The Foundation partnered with the UNDP to empower thousands in the Sahel, with an ambitious project to impact the lives one million young Africans.

Sergio Pimenta, VP, Africa at the IFC, also stated, “Tony, I salute you and your Foundation for what you have been doing to support young entrepreneurs in Africa. The IFC has deployed $2billion in funding for African SMEs in the last fiscal year and we are very excited to be able to do more, working with you.”

Kevin Frey, CEO UNICEF Generation Unlimited added, “With TEF, we have moved in a concerted way into the entrepreneurial space. Generation Unlimited now have a flagship programme with the Tony Elumelu Foundation called #BeGreenAfrica, launched in Kenya, and now with the support of the IKEA Foundation and the Dutch Government, we have scaled to Nigeria, Morocco, South Africa, and Senegal. We will train and seed 500 green entrepreneurs this year in the pilot project across those countries. So Tony, thank you so much, you are right it is all about partnerships.”

Wendy Teleki, Head of the Women Entrepreneurs Financial Initiative at the World Bank, announced, “Our women-focused initiative has been able to secure $3.6 billion to finance women entrepreneurs in 67 countries across the world, and is set to launch a new programme focused on financing African women entrepreneurs to drive the continent’s green energy transition, and we are keen to work with the Tony Elumelu Foundation.”

Mattias Frumerie, Swedish Climate Ambassador and Head of UNFCCC Delegation stated, “My Government and I commend the Tony Elumelu Foundation’s incredible impact across Africa, and will facilitate connections between the Tony Elumelu Foundation, and the Swedish embassies across Africa to drive innovation, digitalisation, and green-energy transition, which promises to bring about new jobs and growth.”

Adam Wang-Levine, U.S. Deputy Assistant Secretary for Climate, added” Before coming to the United States Treasury, I was working in venture capital, and I know first-hand that it is incredibly important what the Tony Elumelu Foundation is doing. I have seen two pillars of their work – financing and the mentorship – just as I have seen with Silicon Valley, which helps to drive innovation and jobs creation. We are excited to begin partnership conversations.”

Muyiwa Akinyemi, Deputy GMD, United Bank for Africa, announced, “For us, UBA, we give market access into 20 geographies in Africa. Everything that we do is around Africa, and that is why we have partnered with the Afrexim Bank to launch the $6billion fund for SMEs with a focus on import substitution, working in four key areas including climate emission reduction.”

Earlier in the day, Tony Elumelu joined Ajay Banga, President of World Bank Group; Brian Moynihan, Chair of the Board and CEO of Bank of America; Ms. Ruth Porat, President, Alphabet and Google; and Ms. Laurene Powell Jobs, Founder & President of Emerson Collective as a panelist in a session titled “Big, Audacious and Green: A Convergence of Visionaries”, moderated by Børge Brende, President of World Economic Forum.

On Sunday December 3 Mr. Tony Elumelu, also participated in a fireside conversation with Ms. Teresa Ribera, Vice President of the Government of Spain and Minister for Ecological Transition and Demographic Change, moderated by Sec. Hillary Rodham Clinton, and with closing remarks from Dr. Tedros Adhanom Ghebreyesus, Director-General, World Health Organization.

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About the Tony Elumelu Foundation

The Tony Elumelu Foundation is the leading philanthropy empowering a new generation of African entrepreneurs, driving poverty eradication, catalysing job creation in all 54 African countries, and ensuring inclusive economic empowerment. Since the launch of the TEF Entrepreneurship Programme in 2015, the Foundation has connected over 1.5 million young Africans on its digital hub, TEFConnect, and disbursed nearly USD$100 million in direct funding to 18,000 African women and men, who have collectively created over 400,000 direct and indirect jobs. The Foundation’s mission is rooted in Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the African continent.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.

TikTok Announces $1.5 Bn Deal to Restart Indonesia Online Shopping Business

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TikTok invests $1.5 billion in GoTo group to re-enter Indonesian market with merged online shop. Company faces data security concerns and ban on social media sales in Indonesia.

TikTok Announces $1.5 Billion Investment in Indonesian Online Shop

Chinese-owned short video app TikTok on Monday announced a $1.5 billion investment in GoTo group in a deal that would allow it to restart its online shop in Indonesia, the companies said in a statement.

Under the deal, TikTok Shop will be merged into GoTo’s Tokopedia and TikTok will have a controlling stake in that entity. TikTok has committed to invest over US$1.5 billion in the enlarged entity over time, to provide future funding required by the business, without additional dilution to GoTo, the Indonesian firm said.

Impact of New TikTok Deal on Indonesian E-Commerce Market

“TikTok, Tokopedia and GoTo will transform Indonesia’s e-commerce sector, creating millions of new job opportunities over the next five years,” stated the companies. However, this strategic partnership will commence with a pilot period carried out in close consultation with and supervision by the relevant regulators. The deal is expected to close in 2024.

Indonesia’s e-commerce market, dominated by platforms such as Tokopedia, Shopee and Lazada, faced a setback when TikTok Shop shut down its operations in response to regulations banning sales on social media, in an effort to protect small local businesses. Indonesia, with 125 million users, is TikTok’s second-largest global market after the United States.

INNOVATION TO INSPIRE, A WONDEROUS FUTURE | Tianma 2023 Global Innovation Conference, Seven Innovative Achievements Unveiled

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Seven Innovative Achievements

XIAMEN, China, Dec. 11, 2023 /PRNewswire/ — On November 27th, Tianma Innovation Conference (TIC) 2023 was held in Xiamen with the theme of INNOVATION TO INSPIRE, A WONDEROUS FUTURE.


Seven Innovative Achievements

Seven Innovative Achievements Highlighted

In this era of technological innovation, Tianma, as always, understands the rhythm of the times and adheres to the underlying model of "scenario application" + "technological innovation" to achieve Tianma’s founding principle and mission TO CREATE COLORFUL LIFE. Based on this, Tianma announced its latest SFT (Super Fine TFT-LCD), SFO (Super Fine OLED) and SFM (Super Fine Micro/Mini-LED) technology platforms.

Four Curve with Equal Height OLED Display

At present, the pursuit of the ultimate "screen-to-body ratio" continues to be driven by cell phone screen manufacturers’ unremitting efforts. Tianma’s innovative "Four Curve with Equal Height OLED Display" not only makes OLED cell phone displays show a more comfortable, more rounded four-sided equal width display effect, but also achieves the visual effect of "true full screen", bringing users a more immersive cell phone experience. It realizes the ultimate display with a corner height of 0.8mm and overcomes the problem of compressed deformation with a corner shape of 0.24mm to achieve this industry-leading level.

Green and Healthy EL Device

With the increase in screen size, brightness, and the growth in demand for high-refresh-rate games and other applications, the requirements for OLED panels to be green and low-carbon have also increased. To help address this need, Tianma has built a systematic optical and electrical simulation platform to construct optimal OLED device stacks and improve the light-emitting efficiency and energy conversion efficiency of the materials. Compared with the previous T7+ generation material system, Tianma’s new U8 material system, EL luminescence efficiency is increased by 11% and voltage is reduced by 9%, which significantly reduces the energy consumption of the OLED screen. In addition, Tianma’s U8 EL device performance in two areas, power consumption and blue light content, reach an industry leading level, lowering power consumption relative to industry standards by 8%, and low blue light relative to industry standards by 14%.

Automotive Dynamic OLED Display

The dynamic bending OLED technology released by Tianma has once again revolutionized people’s thinking about automotive displays. Based on the design, this product can be changed according to people’s "needs": when the user needs the screen, it can be used as in-car instrumentation, navigation, passenger entertainment, etc., and can be bent and adjusted according to the user’s height, viewing habits, etc., which enhances both convenience and comfort; When not needed, the display can be "hidden" to reduce power consumption and ensure driving safety.

Tianma has successfully completed the development of the first domestic automotive dynamic bending OLED screen technology, with product performance meeting the mechanical strength of the vehicle regulations required, with more than 200 thousand times of dynamic bending capacity.

QD Mini-LED Technology for Vehicle Display

At present, the commercialization of Mini-LED technology in automotive cockpit displays is still dominated by white light technology, while the commercialization of Mini-LED technology with quantum dot film and blue light architecture is still absent in China. Tianma’s breakthrough in automotive quantum dot PM / AM Mini-LED technology has triggered the innovation of new technology architectures and raw materials, leading to the reintegration of the supply chain process of in-vehicle displays. This includes reaching automotive-grade reliability requirements to achieve a "zero" failure edge, attaining high photoelectric conversion efficiency, and at the same time, meeting the European RoHS cadmium content standard.

Compared with the traditional automotive Mini-LED technology, Tianma QD Mini-LED Technology for Vehicle Displays has lower power consumption, higher color gamut (NTSC ≥ 110%), better display contrast and more friendly halo design, effectively filling the gap of domestic commercialization of QD Mini-LED for vehicle displays.

High Refresh Rate Oxide NB Technology

Under high mobility, Tianma’s latest oxide high-refresh-rate display technology breaks through the device stability, Cu process, oxide driver design and other challenges, enabling the screen refresh rate to reach WQ 240Hz, and narrowing the bezel from 1.95mm to 1.5mm, coupled with a 3ms fast response time and a DCI 100% high color gamut, to create a full range of high-end gaming laptop products, bringing a smoother and more silky "Aerobic" gaming experience.

Ultra-High PPI Glass Based Micro-LED Technology

In pursuit of the ultimate clear and beautiful color display, a new generation of Micro-LED technology has officially debuted. Tianma displayed its latest achievement, a 1.63-inch 403PPI active Micro-LED display, which features high definition, good color and high performance, and can be widely used in a variety of smart wearable and mobile terminals.

Precisely engineered and beautifully crafted, excellent product performance cannot be separated from the craftsmanship of meticulous cultivation. Tianma has been working hard for many years to improve the LTPS backplane design and Micro-LED manufacturing process and has created one exceptional Micro-LED after another, which breaks through the retinal limit and amazes the world of vision. A better life starts with a better Micro-LED display.

Pluidic™ Digital Microfluidic Biochips

Digital Microfluidic (DMF) has a broad application prospect in the life science field. Combining advanced TFT manufacturing processes and panel design technology, Tianma has developed Pluidic™ (Panel-Level-Microfluidic) technology. This technology has the advantage of high precision, high throughput, high flexibility, for mass production, as well as other benefits.

Tianma has further developed Pluidic™ O series microfluidic technology, which is the industry’s first publicly available DMF substrate based on Oxide mass production line realization. Compared with traditional passive DMF technology, the drive throughput can be increased by more than 100 times and the drive precision can be increased by more than 1,000 times, which is equivalent to realizing the change from digital tubes to high-definition displays, which is conducive to the realization of higher-throughput and stronger performance of the DMF applications, bringing brand new possibilities to digital microfluidic technology.

Steadily marching towards the future, breaking through the barriers, and purposefully moving forward, Tianma is willing to grow hand in hand with global innovators, to build a common ecosphere, and ascend the peak of the display industry together.

Media Contact: Jin Lu, lujinexpo@163.com

Source : INNOVATION TO INSPIRE, A WONDEROUS FUTURE | Tianma 2023 Global Innovation Conference, Seven Innovative Achievements Unveiled

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