SHENZHEN, China, August 29, 2014 /PRNewswire/ -- Wanda Group, Baidu and Tencent announced today at a signing ceremony held in Shenzhen, that they will establish the "Wanda E-commerce Company", a Hong Kong registered joint venture. The JV wil...Read More »
SHANGHAI, August 28, 2014 /PRNewswire/ -- Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a media and branding company in China engaged in developing, promoting and selling products through extensive direct and distribution...Read More »
SYDNEY, Aug. 28, 2014 /PRNewswire/ -- Wynyard Group, a market leader in advanced crime analytics software and services, today welcomed the New Zealand Police as a long term partner in its Crime Science Research Institute (CSRI).
The partnership further supports the New Zealand Police's continuous improvement programme which uses crime research and problem orientated policing to better understand the criminal environment and to prevent crime and protect the public from harm.
The New Zealand Police will join the prestigious University College of London (UCL) Jill Dando Institute of Security and Crime Science, University of Canterbury and a Wynyard research team to design world-leading products and services that will help modernise crime prevention and policing in New Zealand and other countries. More academic, crime prevention and technology partners are expected to join in the future.
In welcoming this announcement Police Commissioner, Mike Bush, said the CSRI aims to bring together crime science research, operational know-how and advanced technology with one single-minded objective; preventing crime.
"New Zealand Police's prevention strategies deliver better, more cost effective front-line services through the effective use of new technology. Our participation in this innovative new research and development centre is another signal of our intention to be the world's most effective mobile and visible police service with high levels of public trust and confidence. Crime science research, combined with our major investment in mobile technology, will be a useful addition to our national Prevention First operating strategy."
The research and development conducted in the CSRI will initially focus on operationalising local and international crime science research, with a focus on crime prediction and forecasting to better manage the wider criminal environment. Persons of interest models underpinned by new technology when combined with crime prediction and forecasting creates a powerful crime prevention tool which can be used to monitor potential offenders and protect potential victims.
The Deputy Chief Executive: Strategy for New Zealand Police, Mark Evans, said: "We know that crime tends to be concentrated in particular locations, and also that 6% of the population suffer 54% of all crime. The identification of these crime patterns means that Police can ensure we have more of the right staff, in the right places at the right times."
Wynyard invests more than $15 million in research and development each year and is investigating plans to relocate its CSRI to a new, state-of-the-art facility in Christchurch to be close to the city's new Justice Precinct and New Zealand Police operations. The facility will become home to the 24 staff Wynyard has assigned to the CSRI, new PhD students the company will engage through the Callaghan Innovation R&D Student Grants Scheme and Wynyard's 60 engineers and developers.
Craig Richardson, Wynyard Managing Director said: "This partnership ticks a lot of boxes. It is focused on solving real crime problems and delivering real outcomes and safer communities. It creates high value jobs that will be highly sought after by the best science and engineering students in the world. It brings together the power of universities, forward thinking government agencies and technology companies to develop highly valuable solutions for use in New Zealand and export to other countries. It also sends a strong message that our industry and government believe in Christchurch as an R&D centre for advanced technology."
Wynyard has developed game-changing products used by police services and governments around the world and the company sees opportunities to further extend technology and operational models developed together with the New Zealand Police for consumption in global markets.
"This is not some No.8 wire initiative. There is real opportunity here. We have access to some of the best research, crime prevention expertise and advanced technology in the world. I've been told by both U.S. and British experts there is nowhere else in the world this could be done," said Richardson.
Wynyard Group is a market leader in critical threat assessment and advanced crime analytics software for government, financial services and critical national infrastructure. Wynyard's powerful software helps assess threats, surface hidden relationships give new meaning to events and identify people of interest. Customers include Fortune 500 companies and leading government security agencies.Read More »
CPP Entered into Agreement with Beijing Financial Inter-connection of Electronic Platforms to Provide Multiple Services
HONG KONG, Aug. 27, 2014 /PRNewswire/ -- The board of directors of China Public Procurement Limited (HKEx stock code: 1094, the "Company" or "CPP") is pleased to announce that CPP's subsidiary Guocai (Beijing) Technology Company Limited (the "EJV") has entered into a framework cooperation agreement with Shenzhou Yiqiao (Beijing) Finance and Tax Technology Company Limited ("Beijing Financial") in relation to the inter-connection between their electronic platforms to provide various services.
Beijing Financial is a developer and operator of software in relation to financial, tax and payment management matters for small and medium-sized enterprises. It operates the Beijing Financial Management System, which is a software application system developed for finance and accounting practitioners, which integrates a financial information platform with various software programs in relations to financial, tax and payment management matters.
According to the agreement, Gongcai Tong (an online public procurement information platform run by CPP) and Beijing Financial Management System will be inter-connected to integrate various services, including credit investigation services, electronic receipt services, third party payment services and financial and factoring services. Both parties agreed to promote sales of Gongcai Tong and the the Beijing Financial Management System through various marketing channels, including internet, mobile applications or exhibition.
Credit Investigation Services
Subject to the relevant authorisation of the users of the Beijing Financial Management System being obtained, Beijing Financial agreed to provide financial data of such users to the EJV for the purpose of supplementing the supplier credit investigation and credit rating services of the China Public Procurement Platform.
Electronic Receipt Services
The EJV and Beijing Financial agreed to increase their cooperation in the research and promotion of the use of electronic receipts and the application of electronic receipts in pilot development areas and in electronic public procurement platforms.
Third Party Payment Services
The EJV, the Company and a third party payment service provider entered into a cooperation agreement in relation to the provision of third party payment services on the China Public Procurement Platform. The said third party service payment service provider shall be engaged for the provision of third party payment services, including but not limited to online payment services and electronic reconciliation services, to customers of Beijing Financial. Beijing Financial agreed to incorporate such services into the Beijing Financial Management System.
Financial and Factoring Services
Both parties agreed to jointly develop factoring services regarding export tax rebate and other financial services for exporters.
Mr. Cheng Yuanzhong, Chairman of the Company, said "We welcome the framework cooperation agreement with Beijing Financial. We will be able to utilize our respective strength to enhance operation efficiency and lower operating costs through the integration of certain products and services. CPP will be benefited in the long term."
About China Public Procurement Limited
China Public Procurement Limited is listed on the Main Board of The Stock Exchange of Hong Kong (stock code: 1094). The Group is principally engaged in the development of the public procurement services which involves the provision of procurement services to general public and government in the PRC, and the development of EMC service.Read More »
Frost & Sullivan: Regional Vendors Thrive as eRetailing of Automotive Parts and Service Picks Up in Europe
-- Sale of tires and accessories will push online retailing revenues to more than EUR18 billion by 2020
LONDON, Aug. 27, 2014 /PRNewswire/ -- The rapid growth in personal, in-vehicle and service shop connectivity is lending momentum to the creation of new customer touch points and driving the online sales of automotive parts and services in Europe. The emergence of independent eRetailers is further propelling the expansion of aftermarket eRetail, which has also been buoyed by aggressive participants such as Amazon.
New analysis from Frost & Sullivan, Opportunity Analysis for the Automotive Parts and Service eRetailing Market in Europe, finds that the market was valued at EUR5.29 billion in 2013 and estimates this to reach EUR18.33 billion by 2020. While France, Germany, and the UK contribute the highest to online sales due to higher Internet penetration, Russia is expected to witness maximum growth in revenues with a compound annual growth rate of 30 percent till 2020. Over the next five to seven years, Spain and Italy too will catch up as smartphone adoption increases.
"Sales through smartphone apps are an immediate opportunity for aftermarket participants in Europe to explore," said Frost & Sullivan Automotive and Transportation Research Analyst Anuj Monga. "Although the computer is currently the preferred mode for online shopping, and the use of mobiles is limited to accessing product information, shopping through tablets and smartphones will pick up significantly as more 4G long-term evolution options become available."
Tires will remain the leading product category in online sales, followed by brakes, batteries and vehicle accessories. Tire eRetailers, traditional parts retailers and pure play parts eRetailers are expected to gain market share owing to their regional presence, as radically dissimilar legislations across countries in Europe pose a challenge to cross border selling. Keeping compliance costs under check has also proved difficult for online sellers due to tax regulation variations and the complexity arising from deploying different models in each country.
Over the next few years, the key differentiator in the aftermarket retail space will be the fulfilment models employed by companies. Complementing various revenue opportunities such as smartphone apps, these innovative fulfilment models tailored to diverse target customers will enhance scope for growth.
"Original equipment manufacturers are likely to take the lead in directly driving parts sales by exploring new revenue-sharing arrangements with dealer groups as well as promoting the 'click & fit' model, which will ensure a steady stream of repair business," noted Monga. "Hence, remote assisted repair, remote diagnostics and predictive analysis will evolve into robust avenues for eRetailing revenue generation in the medium to long term in Europe."
If you are interested in more information on this study, please send an e-mail to Julian Borchert, Corporate Communications, at firstname.lastname@example.org.
Opportunity Analysis for the Automotive Parts and Service eRetailing Market in Europe is part of the Automotive & Transportation (http://www.automotive.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Western European Heavy-Duty Used Truck Market, Global Automotive Aftermarket, North American Class 1 to 8 Filters Aftermarket, and In-vehicle Advertising in the North American Automotive Infotainment Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
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Opportunity Analysis for the Automotive Parts and Service eRetailing Market in Europe
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