CWNewsBreaks Archive - Page 14 of 18

WednesdayMay 05, 2021 10:26 am

ChineseNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) Rail Vision Enters Agreement to Supply Proof-of-Concept Prototype

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its affiliate, Rail Vision Ltd., has entered an agreement with Hitachi Rail STS Australia Pty Ltd. to supply equipment, services and personnel to the Australian rail company Rio Tinto Railway Network. Under the agreement, Hitachi Rail STS, the project integrator, will provide Rio Tinto with a prototype of Rail Vision’s Collision Avoidance System to undergo demonstration and feasibility testing for a proof-of-concept project. Project revenue is expected to total $265,000, with an option for Rail Vision to furnish additional services for $133,000. To view…

TuesdayMay 04, 2021 12:46 pm

ChineseNewsBreaks – FingerMotion Inc. (FNGR) Set for ‘Strong Foray’ into Insurtech, Predictive Services

FingerMotion (OTCQX: FNGR) operates primarily in China to deliver mobile tech-related services with an aim to acquire more than a billion customers for its mobile payment, mobile phone recharge platform and insurtech services through a step-by-step developmental strategy. “FingerMotion’s service offerings include telecommunication products and services and SMS and MMS services, the company’s core revenue sources, as well as the rich communication services and big-data insights launching this year,” reads a recent article discussing the company’s positioning. “The big data product has the potential to provide the foundation for the company’s ‘strong foray’ into insurtech offerings as well as predictive…

MondayMay 03, 2021 3:17 pm

ChineseNewsBreaks – Infobird Co. Ltd. (NASDAQ: IFBD) Announces Intent to File Annual Report on Form 20-F

Infobird (NASDAQ: IFBD), a software-as-a-service (“SaaS”) provider of artificial intelligence (“AI”)-powered customer engagement solutions in China, today reported that on or before May 15, 2021, the company intends to file its annual report on Form 20-F with the U.S. Securities and Exchange Commission (“SEC”) for the fiscal year ended Dec. 31, 2020. After the company files the annual report, which will include Infobird’s audited consolidated financial statements, it will be available on the company’s website and through the SEC’s website at www.SEC.gov. To view the full press release, visit https://ibn.fm/0S1SS About Infobird Co. Ltd. Infobird, headquartered in Beijing, China, is a software-as-a-service…

FridayApr 30, 2021 1:09 pm

ChineseNewsBreaks – FingerMotion Inc. (FNGR) Looking to be ‘Most Disruptive Technology in Insurance Today’

FingerMotion (OTCQX: FNGR) has set sights on offering big data insights to other insurance companies in China, following a similar partnership with Pacific Life Re-insurance announced in January. The collaboration, which put FNGR on track to monetize its big data asset, Sapientus, effectively ushered the company into the insuratech industry. With the insurance industry in China expected to grow in the next decade to become the largest suchlike market in the world, FNGR has positioned itself to offer solutions and benefit as a result. A recent article quotes CEO Michael Shen as saying, “We believe other re-insurance companies will look…

FridayApr 30, 2021 11:00 am

ChineseNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Launches AR+ Series Curriculum Through Urban Partnership Model

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced that its subsidiary Fujian Zhongqing Hand in Hand Education Technology Co., Ltd. ("Zhongqing") signed a three-year "Augmented Reality Plus" or "AR+" series curriculum cooperation agreement with qualified "urban partnerships" in five different cities at the recently concluded China Education Equipment Exhibition. The five urban partnership cities are: Quanzhou in Fujian Province, Huizhou in Guangdong Province, Danzhou in Hainan Province, Fuzhou in Jiangxi Province, and Yinchuan in the Ningxia Hui Autonomous Region. "We…

ThursdayApr 29, 2021 12:48 pm

ChineseNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) Rail Vision Files Draft Prospectus for IPO

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its affiliate, Rail Vision Ltd., filed a nonpublic draft prospectus for an initial public offering and registration for trade of its securities on the Tel Aviv Stock Exchange Ltd. According to the update, Rail Vision filed the draft prospectus with the Tel Aviv Stock Exchange and Israeli Securities Authority on April 25, 2021. Rail Vision informed Foresight that it simultaneously intends to test the prevailing Israeli capital market conditions towards a possible public offering. However, Rail Vision has not yet finalized any decision on…

WednesdayApr 28, 2021 2:36 pm

ChineseNewsBreaks – Infobird Software Co. Ltd. (NASDAQ: IFBD) Delivers Value-Driven SaaS Solutions to Growing Client Base

Infobird (NASDAQ: IFBD), a leading software-as-a-service (“SaaS”) company, has built a reputation over the last decade as a premier provider of artificial intelligence (“AI”) powered customer engagement solutions in China. “Utilizing a self-developed cloud computing structure, patented AI technologies and a no-code development platform, Infobird delivers comprehensive solutions that maximize value for its clients,” reads a recent article discussing the company. “Infobird’s value-driven SaaS business solutions are designed to increase revenue, reduce costs, improve quality of service, and enhance customer satisfaction. The efficacy and value of Infobird’s offerings is evidenced by its quickly growing client base of over 10,000 paid…

WednesdayApr 28, 2021 11:54 am

ChineseNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Announces Excellent Performance of Csfctech’s Core Products Since Acquisition

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced preliminary revenue contributed by its subsidiary, Fuzhou Csfctech Co. Ltd. ("Csfctech"), of RMB23.0 million (approximately US$3.53 million) year-to-date, which has grown steadily since the acquisition closed. "We are pleased to see the excellent performance of Csfctech's core products since the acquisition in late 2020, with solid growth in customer base and revenue that has been supported by increased demand in the overall gaming sector," said Xiaodong Chen, CEO of Blue Hat. "Csfctech's…

FridayApr 23, 2021 9:42 am

ChineseNewsBreaks – Infobird Software Co. Ltd. (NASDAQ: IFBD) Closes on $25M Initial Public Offering

Infobird Software (NASDAQ: IFBD), a software-as-a-service (“SaaS”) provider of artificial intelligence (“AI”)-powered customer engagement solutions in China, has closed on its previously announced underwritten initial public offering. The offering, which consisted of 6,250,000 ordinary shares offered at $4 per share, resulted in gross proceeds for the company of $25 million before typical fees and offering expenses. In the announcement, Infobird noted that the ordinary shares were approved for listing on the Nasdaq Capital Market and began trading on April 20, 2021, under the ticker symbol IFBD. The company also announced that it has granted the underwriters a 45-day option to…

ThursdayApr 22, 2021 1:37 pm

ChineseNewsBreaks – FingerMotion Inc. (FNGR) Eyes Building Strong Forays into Insurtech Space

FingerMotion (OTCQX: FNGR) is pursuing the enormous, rapidly growing market for smart solutions in China. The company’s offerings are divided between telecommunications products and services, texting applications with short message service (“SMS”) and multimedia messaging service (“MMS”), big data insights and rich communication services (“RCS”). FingerMotion’s database-driven big data analytics service led to a strategic agreement with Pacific Life. The agreement opens doors for FingerMotion while at the same time assisting Pacific Life enhance its insurance solutions and develop predictive information regarding its clients. “We look to build strong forays into the insurtech space,” said FingerMotion’s CEO Martin Shen in…

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