Cybersecurity News in Asia

Select Page

Tonik boosts API security with Noname Security solution

As it revolutionizes the way money works in Southeast Asia, the neobank is strengthening a critical component of cybersecurity in an interconnected online world.

SINGAPORE, June 7, 2022 /PRNewswire/ — Noname Security, the complete proactive API security platform, has been chosen by Tonik – the Philippines’ first neobank to help safeguard a critical component of its digital platform as it seeks to address new retail lending opportunities in Southeast Asia.

Tonik has selected the Noname API Security Platform to ensure that its digital efforts, which have accelerated during the pandemic, incorporate robust cybersecurity measures that protect both the bank and its customers. According to a report by research firm Gartner, APIs will be the top attack vector for web applications in 2022.

To address this, the Noname API Security Platform provides Tonik with the means to validate the health of the APIs it uses. The neobank can now have a complete, real-time inventory and monitor active APIs efficiently as well as discover and analyze legacy and dormant APIs. The platform also enables the bank to actively test APIs before production so that it can identify potential flaws in its software development lifecycle.

Noname Security was also chosen for its ease of use, Software-as-a-Service (SaaS) licensing model, non-intrusiveness, and the ability to integrate with the bank’s back-end workflow solution.

“We chose the Noname API Security Platform after a proof-of-value test and we are happy that it meets our expectations of a top-notch API security solution,” said Arivuvel Ramu, Group Chief Technology Officer of Tonik. “It is a priority for us to ensure that APIs deliver the performance and security required for compliance as well as a great digital experience for consumers.”

“We are pleased that Tonik has placed its trust in our expertise and experience to help secure an important component of their digital business,” said PK Lim, Vice President Sales Asia Pacific at Noname Security.  

“With automated and dynamic tests built into API development, enterprises like Tonik can more effectively resolve any security issues before they take root,” he noted.

About Tonik

Tonik (www.tonikbank.com) is the first digital-only neobank in the Philippines, providing loan, deposit, payment, and card products to consumers on a highly secure digital banking platform.  The neobank operates on the basis of the first private digital bank license issued by the Bangko Sentral ng Pilipinas.  Tonik is led by a team of retail finance veterans who have previously built and scaled multiple retail banks and fintechs across the global emerging markets. It is backed by top international venture capital funds.  Tonik operates out of hubs in Singapore (HQ), Manila, Chennai, and Kyiv.

About Noname Security

Noname Security is the only company taking a complete, proactive approach to API Security. Noname works with 20% of the Fortune 500 and covers the entire API security scope across three pillars — Posture Management, Runtime Security, and API Security Testing. Noname Security is privately held, remote-first with headquarters in Silicon Valley and offices in Tel Aviv and Amsterdam.

 

 

Read More

RF elements expands its offer by 2 & 3 GHz Array Sector Antennas and an affordable StarterHorn™ antenna line.

BRATISLAVA, Slovakia, June 8, 2022 /PRNewswire/ — RF elements® is releasing five new Array Sector antennas for 3 GHz and 2.4 GHz bands and adding more horn antennas for 5 GHz band to strengthen the antenna toolset for the most used frequency bands.

RF elements expands its offer by 2 & 3 GHz Array Sector Antennas and an affordable StarterHorn™ antenna line.
RF elements expands its offer by 2 & 3 GHz Array Sector Antennas and an affordable StarterHorn™ antenna line.

RF elements® is the leader in sustainable use of unlicensed spectrum, solving the issue of interference in wireless networks through award-winning horn antenna technology across European, American, African, and Asian markets. Wireless Internet Service Providers (WISPs) provide internet connectivity to all but especially remote, underserved, or otherwise disadvantaged communities heavily reliant on unlicensed spectrums.

Since 2014, RF elements® Horn Antenna technology has been playing a pivotal role in the evolution of 5 GHz WISP networks. “Our award-winning products have enabled transition from noise-encumbered progressively dysfunctional networks and poor internet service quality to stable, reliable, and highly scalable systems. To speed up the world-wide optimization of wireless networks we introduce several Array Sector (AS) antennas with proprietary Backshield™ Technology for improved noise rejection. Namely AS-2-14, AS-2-17 for 2.4 GHz band with 14 and 17 dBi gain. For the 3.4 – 3.8 GHz band, we now offer AS-3-17HV, AS-3-17DS, and AS-3-18DS (DS stands for Dual Slant) with 17 and 18 dBi gain. These Array Sector antennas are perfectly suited for efficient deployment in rural areas with noise issues.” said Tomas Zvolensky, Product Manager at RF elements®.

“Our Horn Antenna technology has influenced the way WISP networks are designed and scaled in an unprecedented way. Thinking of the WISP industry on a global scale, we focus also on highly price-sensitive markets. We decided to address these markets with an affordable horn antenna series we call StarterHorns™. StarterHorn™ 30° USMA and StarterHorn™ A45° USMA are highly noise suppressing antennas just like our Asymmetrical and Symmetrical Horn antennas but with more attractive pricing. They are ideal for WISPs new to RF elements® Horn antenna technology or those who are not ready to commit to our TwistPort™ antenna ecosystem and are looking for an easy way to test out the waters first.” added Tasos Alexiou, Product Evangelist at RF elements®.

RF elements® provides technology for fast, sustainable wireless. RF elements® proprietary technology allows sustainable use of Spectrum, a limited resource that plays a key role for general access to broadband internet. RF elements® is headquartered in Bratislava, Slovakia with local market support across Europe, in the U.S., Ireland and South Africa. For more information, please visit www.rfelements.com.

 

Read More

BlueVoyant Unveils New Outcomes-Based Cyber Defense Platform: BlueVoyant Elements™

Elements converges internal and external cybersecurity capabilities, and delivers unrivaled visibility, accuracy, and actionability via an end-to-end offering

NEW YORK, June 7, 2022 /PRNewswire/ — BlueVoyant, a rock-solid cyber defense company, today announced the launch of BlueVoyant Elements, an outcomes-based, cloud-native cyber defense platform that brings managed detection and response, third-party cyber risk management, digital risk protection, and expert professional services together. Elements can be deployed as a full-spectrum solution or as individual modules based on the customers’ needs including:

  • BlueVoyant Core: MDR™ (Managed Detection & Response)
    • Stability and strength inside organizations’ networks to protect from the changing landscape outside.
  • BlueVoyant Terrain: 3PR™ (Third-Party Cyber Risk Management)
    • Rapidly identifies externally-visible critical cybersecurity vulnerabilities and issues in a customer’s third-party ecosystem, and works directly with the vendor to resolve the issue.
  • BlueVoyant Sky: DRP™ (Digital Risk Protection)
    • Goes outside the wire with an end-to-end solution to detect and takedown cyber threats at the earliest stage of cyber kill chain.
  • BlueVoyant Liquid: PS™ (Professional Services)
    • World-class expertise that helps customers assess, prevent, and respond to cyberthreat and incidents

“The launch of Elements is the culmination of five years of work to bring end-to-end internal and external cyber defense capabilities into a single platform,” said James Rosenthal, CEO, BlueVoyant. “When we started BlueVoyant, our team had extensive experience on the front lines dealing with highly sophisticated threat actors with the charge of protecting critical infrastructure, services, and nation security from determined threat actors. That gives us the experience and knowledge to deliver rock-solid cyber defense capabilities to companies and government agencies across the globe.”

Today, BlueVoyant boasts more than 700 customers, 650 employees across five continents, and recently announced a $250 million series raise with a more than unicorn valuation. The company has a proven track record of sustained high growth. Elements is part of BlueVoyant’s rebranding to showcase the company’s focus on delivering cutting-edge technology built by experts, seamlessly integrated into organizations’ operations, and elegantly co-managed by our team of cyber defense practitioners.

“Having spent 15 years in cybersecurity — including the SIEM, third-party cyber risk management, and threat intelligence markets — when I was introduced to Jim and the BlueVoyant team in August, I immediately saw the opportunity to take full advantage of key trends around efficiency, consolidation of cybersecurity tools, and the need for better security outcomes,” said Jason Thompson, chief marketing officer, BlueVoyant. “The Elements platform does just that for our customers, and positions us to move further and faster than anyone in the market by delivering the world-class technology, telemetry, and talent needed to secure our modern world.”

BlueVoyant is hosting a webinar at 10 a.m. ET on Thursday, June 16  to discuss the new Elements platform and the five-year vision for the company. Current customers, security professionals, and other parties are encouraged to attend by clicking here to register.

About BlueVoyant

BlueVoyant converges internal and external cyber defense capabilities into an outcomes-based, cloud-native platform called BlueVoyant Elements™. Elements continuously monitors your network, endpoints, attack surface, and supply chain as well as the open, deep, and dark web for vulnerabilities, risks, and threats; and takes action to protect your business, leveraging both machine learning-driven automation and human-led expertise. Elements can be deployed as independent solutions or together as a full-spectrum cyber defense platform. BlueVoyant’s approach to cyber defense revolves around three key pillars — technology, telemetry, and talent — that deliver rock-solid cyber defense capabilities to more than 700 customers across the globe.

Visit www.bluevoyant.com

BlueVoyant Press Contact:

Jennifer Schlesinger  
jenny.schlesinger@bluevoyant.com
+1 201.397.4976

 

Read More

The Puzzles & Survival x Discovery Channel World Oceans Day Themed Commercial is Now Live

GUANGZHOU, China, June 7, 2022 /PRNewswire/ — In line with BLANCOZONE’s solidarity with global efforts to protect the planet on which we live, Puzzles & Survival, a post-apocalyptic Match-3 mobile strategy game published by 37GAMES, is playing host to a timed event known as “Ocean Defense.” The debut of this event on the smash-hit, match-three, 4X mobile strategy game on June 7th will coincide with World Oceans Day, an international event oriented towards fostering public interest in the sustained management of one of our most precious natural resources. Furthermore, an all-new commercial for this event is also available globally. 

 

This event will place human activities such as overfishing and ocean dumping at the forefront, with a horrifying mutation of marine habitats forcing survivors to rally against mutated ocean creatures. Moreover, the hefty rewards awaiting those who manage to protect our homeland, including an ocean-themed sanctuary skin, will only further drive the determination of those otherwise doomed to either death or a life lived in purgatory.

In the meantime, as a precursor to this event, players can redeem the gift code “pnsocean” to attain some free supplies or else download the game via the link below. Spread the word and join Puzzles & Survival’s bid to save our oceans now!

Download: https://pse.is/pnsocean

Official Fan Page: https://www.facebook.com/PnS.37Games

Read More

Cloud4C Achieves AWS SAP Competency

SEOUL, South Korea, June 6, 2022 /PRNewswire/ — Cloud4C, a leading global cloud migration and managed services provider announced today that it has acquired the Amazon Web Services (AWS) SAP Competency. As an AWS SAP Competency Partner, Cloud4C has demonstrated viable technical proficiency and proven success in SAP implementation, migration, and innovation. Cloud4C’s SAP experts specialize in the acumen, tooling, methods, and standardized best practices to streamline SAP landscape migration and transformation on AWS. 


AWS is enabling scalable, flexible, and cost-effective solutions from startups to global enterprises. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help customers identify AWS Partners with deep industry experience and expertise.

Speaking about the competency, Peter Seo, Country Manager of Cloud4C Korea, said, “ Firms around the globe are racing ahead with cloud-first SAP implementations, integrating cloud-native innovations for highly availability and zero loss, smart performances. Cloud4C, a trusted SAP Partner and AWS Partner, has been at the forefront of such intelligent SAP on cloud evolutions since the last decade, fostered with automation, agility, and efficiency. Now, with the AWS SAP Competency, we are even better equipped to deliver on the needs of organizations looking to move their SAP workloads to AWS.”

Being a leading application-focused Cloud Managed Service Provider (MSP) and an AWS Advanced Consulting Partner, Cloud4C is best known for its end-to-end approach to SAP on cloud transformations. Cloud4C’s services include in-depth SAP landscape assessment, blueprinting, SAP on cloud migration, modernization, and management, within a single service level agreement (SLA) from infra till application login layer promising near zero disruption and industry-best uptimes. The added novelty lies in Cloud4C’s unique delivery methodology as the entire transformation process is near automated powered by AIOps, SAP Migration Factory, and the multi-award winning proprietary Self Healing Operations Platform that allows universal operational administration from a single pane of glass. Add to that Cloud4C’s extended hyperautomation and intelligent cybersecurity capabilities, Cloud4C represents a strong partner to firms envisioning SAP on AWS. Riding on such capabilities, Cloud4C is today one of the world’s leading premium supplier of SAP ERP Cloud (HANA Enterprise Cloud) and a trusted SAP S/4HANA, RISE with SAP provider presence in over 26 nations including Korea.

Cloud4C also has dedicated SAP and AWS Centers of Excellence that combine and leverage the best of SAP and AWS practices. The firm’s SAP on AWS experts have thought through, tested & delivered optimized architectures like Multiple Components One System (MCOS), Multiple Components in One Database (MCOD), Multitenant Database Containers (MDC), among others, helping businesses achieve unprecedented agility at scale across their operations. The transformative outcomes include a streamlined overview across the stack, smarter database management churning out business intelligent insights, and microservices-driven development operations for faster release of innovations. With Cloud4C’s integrated managed expertise, the enterprise SAP landscape on the cloud is end-to-end fortified guaranteeing consistent outcomes at higher returns. The best of all; the firm’s exclusive cloud cost optimization techniques help businesses reduce cloud sprawl for their SAP workloads, filtering out redundant provisions and delivering super-agile performances at minimum expenses. Over the years, Cloud4C’s customers have witnessed up to 50% total cost of ownership (TCO) reductions for their SAP on cloud journeys.

Cloud4C is the ready-to-go partner for end-to-end SAP on AWS transformations.

Media Contact:

Ravi Shankar. K
ravi.shankar@cloud4c.com
+65-87190012

Read More

AP Memory launches brand-new product series of 512Mb Ultra-High-Speed (UHS) and 32Mb Ultra-Low-Swing (ULS) PSRAM

HSINCHU, June 6, 2022 /PRNewswire/ — AP Memory, the global leading design company that provides customized memory solution, has announced today the launch of its new Ultra High Speed (UHS) and Ultra Low Swing (ULS) PSRAM. AP Memory rolls out AP351216C/AP351208, to further expand the density of AP Memory’s UHS products series to 512Mb, and AP43208B, the industry’s first ultra-low power 32Mb ULS product. AP Memory’s new UHS/ULS products serve as memory solutions that support high density and low power consumption, meeting the needs of modern IoT applications such as new generation edge computing, smart home, smart wearable device, 5G communication, Timing Controller (TCON), etc.

AP Memory is the first in the industry to introduce UHS/ULS PSRAM memory. Compared to traditional PSRAM and DRAM memory solution, UHS/ULS product series provides advanced memory features such as high transfer rate (~5x more bandwidth compare to PSRAM), low power consumption (~3x less compare to DRAM) and low pin count (3x less compare to DRAM). AP Memory’s UHS/ULS product series enable design simplification while meeting form factor constraints and upgrade system and function performance of compacted IoT applications.

When operating at the highest frequency at 1066Mhz, the power consumption of UHS product can save power consumption up to 40% comparing to LPDRAM, with power consumption at a very low level of 62mW, which significantly improves wearable devices’ battery life. Furthermore, the newly released ULS products uses lower I/O voltages compare to traditional PSRAMs, further reducing memory power consumption, making ULS a new advantageous option for ultra-low-power memory solution. On top of this, as System on Chip (SoC) continues to migrate to advanced node process, the I/O voltage of SoC is gradually decreasing. UHS/ULS products can interconnect with SoC without a voltage converter, and due to its low pin count feature, it further reduces the complexity and cost of IoT product design.

Both the UHS products, with density from 64Mb to 512Mb, and the 32Mb ULS product are offered in KGD (Known Good Die) for commercial (-25°C~85°C) and industrial grade application (-40°C~105°C). AP Memory supports customized service according to customers’ needs, providing RDL and WLCSP packaging application for end products at different levels such as component, module or system. To know more about the UHS/ULS product, please refer to www.apmemory.com

About AP Memory Technology Corporation
AP Memory is a fabless DRAM and IP product company. As a world leader in Pseudo-SRAM, AP Memory delivers reliable solutions of low-pin-count ultra-low-power IoT RAM and high-performance derivative products. AP Memory is also the world-leading company in AI memory solutions, particularly for 3D IC. The headquarters is based in Hsinchu, Taiwan, with R&D centers in the US, Mainland China, Taiwan, and sales offices worldwide. For more information, please visit www.apmemory.com.

Read More

Cyient to Acquire Portugal-Based Celfinet to Strengthen its Wireless Communications Offerings

HYDERABAD, India, June 6, 2022 /PRNewswire/ — Cyient, a leading consulting-led, industry-centric, global Technology Solutions company, today announced that it had signed definitive agreements to acquire Celfinet. An international Wireless Engineering Services company, Celfinet, is focused on providing end-to-end Network Planning and Performance Optimization services. Cyient will acquire the Portugal-based company for EURO 41 Million.

The reach and performance of ongoing 5G deployment and early steps towards 6G are developing to a point where they provide flawless infrastructure for pervasive and unified connectivity.  With this acquisition, Cyient strengthens its Wireless Engineering practice to support Communication Service Providers (CSPs) and Enterprises in deploying their pervasive connectivity networks at scale. This will also enable Enterprises to build networks to harness the power of 5G and drive their own Digital Transformation journey. The addition will further strengthen Cyient’s presence in Europe, where Celfinet has a strong footprint, and help scale Cyient’s business across North America and Australia.

Commenting on the acquisition, Krishna Bodanapu, Managing Director and CEO, Cyient, said, “Cyient is helping CSPs engineer the networks of tomorrow by delivering solutions across Intelligent Infrastructure, Smart Operations, and Enterprise Network Transformation. Celfinet’s deep expertise and long-standing customer relationships will further add to our capabilities as we strengthen our technology play in wireless networks for 5G rollouts. In addition, Portugal has a highly skilled engineering workforce, making it a strategic innovation hub for expanding our global delivery footprint.”

Nuno Ribeiro and José Mata, Founder and Co-CEOs, Celfinet, declared, “We are very excited about this new journey we are starting with Cyient. Despite many approaches over the years, it was critical to wait for the right fit in a company to take over the business and unleash our potential. Cyient presented not only shared values but also an ambitious and innovative vision for the future, with Celfinet acting as the cornerstone investment to drive Cyient’s Wireless Engineering forward.”

About Cyient

Cyient (Estd: 1991, NSE: CYIENT) is a leading consulting-led, industry-centric, global Technology Solutions company. We enable our customers to apply technology imaginatively across their value chain to solve problems that matter. We are committed to designing tomorrow together with our stakeholders and being a culturally inclusive, socially responsible, and environmentally sustainable organization.

For more information, please visit www.cyient.com

Follow news about the company at @Cyient

About Celfinet

Headquartered in Lisbon, Portugal, Celfinet has successfully built an international business combining outstanding wireless engineering expertise and best in class network management solutions portfolio to improve network quality and wiresless customer experience whilst at the same time reducing capex and opex.

For more information, please visit www.celfinet.com 

 

Rishiraj Barik I Soumya P

Cyient Press Office – Genesis BCW

+91 9739196200 I +91 8368543945

Rishiraj.Barik@genesis-bcw.com I

soumya.p@genesis-bcw.com  

 

Kiran Rajani

Cyient PR Team

+91 9884139184

kiran.rajani@cyient.com

 

 

Read More

Help Organizations to Mitigate Risk in Microsoft 365 with ‘Vectra Protect’

Vectra offers a free of charge security assessment for your cloud tenant

SINGAPORE, June 2, 2022 /PRNewswire/ — Vectra AI, a leader in AI-driven threat detection and response for hybrid and multi-cloud enterprises, today announced the launch of Vectra Protect, a posture management tool designed to discover and mitigate security risks in Microsoft 365 (M365). Vectra Protect combines 50,000+ hours of expert research and development with automation to analyze an organization’s M365 security posture and provide customized implementation plans to remediate risk. To ensure all organizations, regardless of security staffing or resources, can have access to the solution, Vectra is extending a free sign-up for an Azure Active Directory scan until September 30, 2022. 

With the accelerated use of M365 collaboration tools, which now have over 270 million users, cyber attackers are actively targeting access management tools like Azure AD to enter other SaaS tools and enterprise network assets. They then establish a foothold to launch ransomware attacks, steal intellectual property and gain unauthorized access to sensitive user data.

David Sajoto, Vice President, Asia-Pacific, and Japan (APJ) at Vectra comments, “Events of the past two years have accelerated adoption of public clouds, because no company wanted to deal with the physical realm. This resulted in more emphasis on adopting SaaS applications and moving from on-prem Exchange servers to M365 became a ‘gold standard’. Essentially, businesses had their stationary defenses set up around their fortress, and then moved everything out of that fortress which created new risks.”

With its scanning engine, Vectra Protect combines insights from the M365 Graph API with PowerShell module data to provide a truly holistic view into the integrity of every identity in an organization’s M365 environment. As the only scan designed to uncover identity security issues in M365, Vectra Protect provides organizations with:

  • Quick, actionable remediation insights: With its multi-stage methodology, the scan provides organizations with actionable results within hours. Rather than hindering the security team with more alerts, the scan creates a comprehensive risk mitigation map that provides a path to implementation with clear guidance on risk and operational impact.
  • Tailored cloud support: Organizations can gain insight into the severity of vulnerabilities, material changes to their configuration state, the operational impact of the required solution, and the steps for remediation aligned to their applicable industry standards and regulatory requirements.
  • Configuration correction and compliance: Vectra Protect delves deep into the configuration complexities of M365, highlighting misconfigurations with clear context to guide companies to complete risk resolution and provide security teams with the proof they need to show their policies are effective and compliant.
  • Confidence in collaboration: By understanding areas where risks and configuration issues persist, organizations can fulfill the promises of cloud technology without creating unmanaged risk. Organizations can gain efficiencies in implementing and using SaaS tools like M365 by eliminating default settings and aligning operations, information technology, security, and audit teams on security priorities.

“Azure AD has become a large attack vector as cybercriminals look to exploit the lack of security controls and solutions currently available for the tool,” said Aaron Turner, CTO of SaaS Protect at Vectra AI. “Organizations must understand that Microsoft’s default security settings are not specifically tailored to their business operations or industry, which introduces waves of unnecessary risk. Combining this with the constant changes in M365, both internally and externally, leaves a host of potential vulnerabilities and configuration issues that organizations are responsible for correcting. Vectra Protect helps unravel this complexity to deliver the visibility and assurance organizations need to protect these essential business tools.”

The free Vectra Protect for Azure AD scan, a value up to $50,000, will be readily available to any M365 customer operating in any M365 environment*.  The scan focuses on a common foothold for unauthorized access and risk: access management in the active directory. Turner will be showcasing the technology and enumerating how to protect the M365 tenant and hunt for threats during RSAC 2022 in San Francisco, CA. You can register for his session here.

For more details about Vectra Protect for Azure AD and to request a free scan, please visit: https://www.vectra.ai/azure-ad-scan

*Exclusions apply.

About Vectra AI

Vectra® is a leader in cyber threat detection and response for hybrid and multi-cloud enterprises. The Vectra platform uses AI to detect threats at speed across public cloud, identity, SaaS applications, and data centers. Only Vectra optimizes AI to detect attacker methods—the TTPs at the heart of all attacks—rather than simplistically alerting on “different”. The resulting high-fidelity threat signal and clear context enables cybersecurity teams to respond to threats sooner and to stop attacks in progress faster. Organizations worldwide rely on Vectra for cybersecurity resilience in the face of dangerous cyber threats and to prevent ransomware, supply chain compromise, identity takeovers, and other cyberattacks from impacting their businesses. For more information, visit vectra.ai.  

Read More

Tuniu to Report First Quarter 2022 Financial Results on June 9, 2022

NANJING, China, June 2, 2022 /PRNewswire/ — Tuniu Corporation (NASDAQ:TOUR) (“Tuniu” or the “Company”), a leading online leisure travel company in China, today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2022, before the market opens on June 9, 2022.

Tuniu’s management will hold an earnings conference call at 8:00 am U.S. Eastern Time on June 9, 2022 (8:00 pm Beijing/Hong Kong Time on June 9, 2022).

Listeners may access the call by dialing the following numbers:

US:

+1-888-346-8982

Hong Kong:

+852-301-84992

Mainland China:

4001-201203

International:

+1-412-902-4272

Conference ID: 

Tuniu 1Q 2022 Earnings Conference Call     

 

 A telephone replay will be available one hour after the end of the conference call through June 16, 2022. The dial-in details are as follows:

US:

+1-877-344-7529

International:

+1-412-317-0088

Replay Access Code:

2866159

 

Additionally, a live and archived webcast of this conference call will be available at http://ir.tuniu.com/.

About Tuniu Corporation

Tuniu (Nasdaq:TOUR) is a leading online leisure travel company in China that offers a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu covers over 420 departing cities throughout China and all popular destinations worldwide. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com.

 

Read More

Xinhua Silk Road: “World’s supermarket” Yiwu opens smart industrial park in S. China’s Guigang

BEIJING, June 1, 2022 /PRNewswire/ — A smart new commercial industrial park featuring Yiwu small commodities was opened on May 28 in Guigang City, south China’s Guangxi Zhuang Autonomous Region. Orders worth 210 million yuan (about 31.48 million U.S. dollars) in total was placed on the opening day.

The opening ceremony of a smart new commercial industrial park featuring Yiwu small commodities was held on May 28, 2022 in Guigang City, south China's Guangxi Zhuang Autonomous Region. (Photo by Chen Rongling)
The opening ceremony of a smart new commercial industrial park featuring Yiwu small commodities was held on May 28, 2022 in Guigang City, south China’s Guangxi Zhuang Autonomous Region. (Photo by Chen Rongling)

With a total investment of 11 billion yuan, the industrial park covers an area of 2,388 mu (159.2 hectares) and a planned construction area of 3 million square meters, according to Yang Yang, deputy general manager of Zhejiang China Commodities City Group Co., Ltd. The park is expected to offer 40,000 direct job positions, with its average annual transaction volume predicted at about 13 billion yuan, and annual profit and tax about 400 million yuan, Yang noted.

Known as the “World’s Supermarket,” Yiwu City of east China’s Zhejiang Province has introduced its sixth-generation model of smart commercial industrial city to the new project in Guigang. Through technological innovations including global trade big data cloud information, 5G and AI, the park forms a global trade ecosystem featured with an “eight-in-one” industrial chain operation model integrating trade, professional market, production and processing, warehousing and logistics, live-streaming, etc.

Connecting with members of the Association of Southeast Asian Nations (ASEAN) by both land and sea, Guangxi is eyeing unprecedented development opportunities in terms of cross-border logistics. The launch of the park will infuse the city of Guigang with a strong impetus to grow into a “capital of small commodities” in south China, said Su Jian, deputy director of the Guangxi regional commerce department, noting that the industrial park will strive to serve the broadened ASEAN market under the Regional Comprehensive Economic Partnership (RCEP).

Data shows that the sales of small commodities to ASEAN countries has increased significantly after the RCEP came into effect. It is expected that the Guigang-based industrial park will be inspired by Yiwu’s development experience to further improve its trade and service capabilities, and promote more products with Guigang feature to the world, according to Yan Jiuqiu, director of Guigang Municipal People’s Congress Standing Committee.

Original link: https://en.imsilkroad.com/p/328234.html

 

Read More

Voters-draw/RCA-Sponsors

previous arrow
next arrow
Slider

CybersecAsia Voting Placement

Gamification listing or Participate Now

PARTICIPATE NOW

Vote Now -Placement(Google Ads)

Top-Sidebar-banner

Whitepapers

Middle-sidebar-banner

Case Studies

Bottom sidebar