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Yiren Digital

Dec 02, 2022, 20:10 ET

BEIJING, Dec. 2, 2022 /PRNewswire/ — Yiren Digital Ltd. (“Yiren Digital” or the “Company”) (NYSE: YRD), a leading digital personal financial management platform in China, today announced that it has received a letter dated December 1, 2022 from the New York Stock Exchange (the “NYSE”) informing that the Company has successfully regained compliance with the NYSE’s continued listing standard that requires a minimum average closing price of $1.00 per share over a consecutive 30 trading-day period.

On November 7, 2022, the Company was notified by the NYSE that it had fallen below the minimum share price listing requirement in connection with the performance of trading price of its American depositary shares (the “ADSs”), and that the Company had six months following receipt of the notice to regain compliance with the minimum share price requirement.

At the closing of trading on November 30, 2022, the average closing price of the Company’s ADSs for the previous consecutive 30 trading-day period was above $1.00 per ADS. Accordingly, the Company has regained compliance with the NYSE minimum share price listing requirement.

About Yiren Digital

Yiren Digital Ltd. is a leading digital personal financial management platform in China. The Company provides customized, asset allocation-based holistic wealth solutions to China’s mass affluent population as well as provides retail credit facilitation services to individual borrowers and small business owners.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yiren Digital’s control. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in any such statements. All information provided in this press release is as of the date of this press release, and Yiren Digital does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

SOURCE Yiren Digital

https://www.prnewswire.com/news-releases/yiren-digital-successfully-regains-compliance-with-nyse-minimum-share-price-listing-requirement-301692670.html

News provided by

Trip.com Group

Dec 02, 2022, 02:59 ET

MACAO, Dec. 2, 2022 /PRNewswire/ — Leading travel service provider Trip.com Group held its 2022 Global Partner Summit in Macao, with tourism boards, international airlines, hotel groups and industry representatives from across the travel industry in attendance.

Celebrating this year’s theme, ‘Journey into the Future Together’, Trip.com Group and partners provided insights on the industry’s growth and opportunities ahead, with leadership and experts sharing sector-specific knowledge via breakout sub-forums.

An Encouraging Outlook

Countries worldwide are reopening borders, and the pace of global travel recovery is accelerating.

James Liang, Chairman and Co-founder of Trip.com Group, made no secret of his expectations for the future of tourism. He believes that: “Travel has great significance on innovation and heritage. At Trip.com Group, we play an important role in bringing people together from around the world. It’s our mission to help build communication and innovation, using our travel platform to create new value for the industry.”

Trip.com Group is continuously safeguarding efforts toward global travel recovery by following its ‘Local Focus, Global Vision’ blueprint.

Jane Sun, CEO of Trip.com Group, highlighted some of the Group’s financial results, emphasising triple-digit growth in hotel bookings across key APAC markets compared to the same period in 2019. With its global air ticket bookings increasing by 100% year-over-year.

Rising international air ticket and hotel bookings have empowered partners with a source of business and revenue. Trip.com Group’s hotel travel specials (PKG program) delivered recommendations to over 30 million cross-users and brought over RMB 10 billion GMV to hotel partners.

Jane Sun commented: “Although the road ahead is still uncertain, we want to explore more opportunities and use cooperation, technology, and service to promote the tourism industry together with our travel partners.”

Trip.com is the mainstay global travel brand of Trip.com Group. Its hugely successful 11.11 global campaign reveals the growth of the all-in-one travel app across its major markets.

Bookings around 11th November hit a new high, surging by 84% compared to last year, and the average number of bookings for promoted products rose by 68%. In the Singapore market, bookings for the 11^th November flash sale jumped by 115% in just 24 hours, while in South Korea, bookings on the same day jumped by 260% year-on-year.

“The early recovery of global markets has given us confidence. We will continue looking for more possibilities to better serve our partners and users by building an improved travel ecosystem to meet users’ needs,” said Jane Sun.

“The recovery and prosperity of the global tourism industry is a long-term trend, which will not be hindered by short-term difficulties. We remain confident and patient,” said James Liang.

Scaled-up Content Marketing Strategy

Trip.com Group has ambitious plans to revitalise the tourism economy and reconnect with keen travellers by enhancing engagement between travellers and partners. This is primarily done through an expanding content offering, consisting of Trip Moments on Trip.com, the Ctrip Community travel sharing space on Ctrip, and Star Hub, the Group’s enhanced marketing tool for suppliers to increase marketing activities, which generated a total GMV of RMB 1 billion in the last 30 days.

In the past year, Ctrip Community has continued to see exponential user growth and has provided hundreds of millions of users with travel inspiration.

Several upgrades and expansions to the existing content marketing offering were announced at the summit. The innovative and hugely popular Ctrip Livestream, which generated a total GMV of RMB 10 billion, will launch across more cities in mainland China to boost global distribution.

Trip.com’s successful Trip.Best list, which curates an extensive range of hotels for global users, will launch across all major sites. This valuable tool will help global users get the best from the Trip.com app.

Bo Sun, CMO of Trip.com Group, explained: “We are optimising user engagement, inspiring more travellers and generating increased traffic by upgrading how we connect products and partners. This year, we have helped millions of new travellers, KOLs, and partners connect to our content marketing hub and inspire travel around the world.”

Strengthening Global Destination Reach

Its global reach, diversified supply chain and content marketing ecosystem have uniquely positioned Trip.com Group as a leading travel service provider able to promote regional and local destinations to eager travellers.

Under new and existing partnerships, Trip.com Group leverages its world-leading brands to engage high-quality travellers eager to explore global destinations.

Trip.com Group continues to pen multiple strategic destination partnerships to strengthen destination visibility and capture pent-up travel demand.

Trip.com Group and Macao Government Tourism Office entered an official strategic collaboration to develop Macao into a world-class centre of tourism and leisure.

Trip.com Group and the Macao Government Tourism Office held a Global Partnership Launch Ceremony to strengthen their collective commitments this year. On-site for the event was Lei Wai Nong, Secretary for Economy and Finance of the Macao SAR Government.

With joint efforts to enhance the vitality of the Macao tourism market, Ctrip platform data shows that the popularity of Macao travel searches has increased by 231% year-over-year.

Trip.com Group further deepened cooperation with industry partners to enhance Macao’s tourism market vitality.

Trip.com Group and Sands China Ltd. held a strategic signing ceremony, in which both parties will continue to deepen cooperation in various aspects around product marketing, content marketing, membership benefits, offline shopping and dining activities to help upgrade the Macao tourism consumption market.

Trip.com Group will continue to deepen strategic cooperation with the Macao Government Tourism Office, Sands China Ltd. and other partners in various industries, including accommodation, shopping, and gourmet, to enhance the vitality of Macao’s tourism market and build it as a world-class centre of tourism and leisure.

END

About Trip.com Group

Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, Qunar and TrainPal. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.

Follow us on: Twitter, Facebook, LinkedIn, and YouTube.

SOURCE Trip.com Group

https://www.prnewswire.com/news-releases/tripcom-group-invites-travel-industry-to-journey-into-the-future-together-at-global-partner-summit-301692336.html

News provided by

SM Investments Corporation

Dec 02, 2022, 02:49 ET

PASAY CITY, Philippines, Dec. 2, 2022 /PRNewswire/ — WWF-Philippines is enjoining the private sector to work towards convening a Philippine Alliance for Climate Action in the culmination of the UNITED FOR CLIMATE: Sustainability Forum held at the Conrad Manila on November 28, 2022. The forum, hosted by SM Investments Corporation, gathered business owners, partner suppliers, policy makers, and civil society organizations in a multi-sectoral dialogue on climate action.

“Through a Philippine Alliance for Climate Action, companies can work together to create a shared vision and synchronized action plan. We hope this can be a way for the private sector -as the engine of our economy – to accelerate efforts for the single goal of keeping global warming to 1.5C,” WWF-Philippines Executive Director, Katherine ‘Trin’ Custodio said.

“We hope that this forum will launch sector-wide discussions on innovative climate strategies across Philippine industries. The next steps will be to agree on a way forward and a timeline, and how all can progress towards a unified, private sector-led climate action plan that is context-specific, adaptive, and truly Filipino,” said Hans Sy, Jr. of the SM Group who was also one of the forum’s keynote speakers.

“Together with WWF, we invite you to carry on with the discussions from COP 27 – this time, bringing them closer to home. We urge that we look at our climate agenda through the lens of the Philippines’ agenda and the realities that Filipino businesses and local communities face every day,” SM Investments President and Chief Executive Officer Frederic C. DyBuncio said in his opening remarks during the forum.

The forum kicked off the joint efforts to fight climate change through “fireside chats” that formed the foundation of a practical climate action plan.

Keynote speakers Sec. Antonia “Toni” Yulo-Loyzaga of the Department of Environment and National Resources (DENR), Maria Isabel Garcia, Chairperson of WWF Philippines, provided the context for ambitious action which are the global double emergency of biodiversity loss and climate change, and the delivering the country’s climate commitments.

According to the Intergovernmental Panel on Climate Change (IPCC), global emissions need to be reduced by 50 percent by 2030 to avoid significant climate-related catastrophes. The Philippines is one of the signatories of the historic Paris Agreement on Climate Change and has committed to reduce the country’s carbon emissions by 75% by 2030.

SOURCE SM Investments Corporation

https://www.prnewswire.com/news-releases/prominent-business-leaders-come-together-for-climate-action-at-sm-sustainability-forum-2022-301692331.html

News provided by

Xinhua Silk Road

Nov 30, 2022, 19:42 ET

PÉKIN, 1 décembre 2022 /PRNewswire/ — Au total, 111 contrats concernant des projets dans l’industrie des nouveaux matériaux ont été signés lors de la deuxième conférence internationale sur l’industrie des nouveaux matériaux (INMIC), qui a débuté samedi à Bengbu, dans la province d’Anhui en Chine orientale, représentant un investissement total de 135,28 milliards de yuans.

Wang Qingxian, gouverneur de la province d’Anhui, a déclaré qu’Anhui a accordé une grande importance au développement de l’industrie des nouveaux matériaux ces dernières années et l’a incluse dans les dix principales industries émergentes de la province au cours de la période du 14e plan quinquennal.

Profitant de cette conférence, Anhui continuera de promouvoir la coopération nationale et internationale dans le domaine des nouveaux matériaux, et de promouvoir une coordination verticale et horizontale de l’industrie des nouveaux matériaux, ainsi que l’intégration approfondie de la chaîne d’innovation, de la chaîne industrielle, de la chaîne de capitaux et de la chaîne de talents, selon Wang Qingxian.

Des promotions commerciales, des démonstrations de succès et des cérémonies de signature de projets ont eu lieu pendant la conférence. Un certain nombre de réussites et de besoins en matière d’innovation dans le domaine de l’industrie des nouveaux matériaux à Anhui ont été présentés.

Actuellement, l’industrie des nouveaux matériaux est devenue la principale voie de transformation et de modernisation de la ville de Bengbu. La ville se concentre sur l’application des nouveaux matériaux, le développement vigoureux des nouveaux matériaux à base de silicium et de matériaux biosourcés, ainsi que la fabrication d’équipements haut de gamme.

Voir le lien original : https://en.imsilkroad.com/p/331384.html

Photo – https://mma.prnewswire.com/media/1958409/1.jpg

SOURCE Xinhua Silk Road

https://www.prnewswire.com/news-releases/xinhua-silk-road–111-accords-impliquant-135-28-milliards-de-yuans-signes-lors-de-la-conference-sur-les-nouveaux-materiaux-qui-sest-tenue-a-bengbu-anhui-301690884.html

News provided by

Super

Nov 30, 2022, 19:21 ET

The release of re-written rules of The Game of Life comes with a chance to win $50,000 to help with the cost of weddings, mortgages, student loans, childcare, or vehicles

SAN FRANCISCO, Nov. 30, 2022 /PRNewswire/ — Super, the fintech company with modern money in mind, just launched The Game Of REAL Life, a rewritten rulebook to Hasbro’s classic board game to highlight the financial realities Americans are currently facing. To celebrate the launch and sweeten life for some lucky folks this Thanksgiving season, Super is encouraging consumers to rip up Hasbro’s original Game of Life rulebook for a chance to win. Super is giving away $50,000 to 2,000 lucky people who take home between $10 and $10,000 cash to be used for weddings, mortgages, student loans, childcare or a vehicle – steadily increasing costs that the antiquated rules of the original The Game of Life got all wrong.

“More than 55% of Americans are uneasy with their level of emergency savings, so it’s unlikely that we all start off life with $200,000 in the bank, as the game suggests. To emphasize how unrealistic this expectation is, we’re making a statement by rewriting the rules and helping some lucky winners get a headstart in their REAL life this holiday season,” says Radhika Duggal, Chief Strategy Officer at Super.

In 2022, people are screaming for student loan forgiveness, scraping their savings to get married, facing housing prices that are skyrocketing, struggling to afford childcare and wondering how they are going to buy a car. For over 80 years, families have gathered around the table for an innocent evening playing The Game of Life; and for over 80 years, kids were misled by the original rules, being taught they would start adulthood with no debt, a car, and unrealistic notions of what a college degree could afford them. To better reflect reality, Super fact checked and re-wrote the rulebook to reflect what’s actually going on with Americans’ money in 2022. Find the re-written rules here: The Game of REAL Life.

In protest of the game that set unrealistic expectations about real life, Super is giving Americans a chance to actually live it. To enter to win, rip up rules to The Game of Life and visit super.com/game-of-life-sweeps starting November 30th to win one of three $10,000 grand prizes or 2,000 smaller prizes. Winners will have the opportunity to take their winnings and put them towards real life situations reflected in the game, including weddings, student loans, mortgage/rent payments, childcare or car down payments. Entries to the sweepstakes will close on Wednesday, December 7 at 11:59pm ET.

Super is the technology company at the intersection of fintech and commerce that empowers users to spend less, save more, and build credit – so they can experience more of what life has to offer. Super is home to the best prices on everything from discounted everyday items to great hotel deals – as well as the hub that enables cashback and credit building on every transaction. Super’s product offerings include SuperCash, SuperTravel (formerly SnapTravel) and SuperShop (formerly SnapShop). Super is trusted by over 5 million customers worldwide and has helped them save over $145M to date. Super is backed by Steph Curry and has raised over $100MM USD and surpassed $1B in sales.

CONTACT: Nicole Beck, press@super.com

SOURCE Super

https://www.prnewswire.com/news-releases/super-calls-out-hasbro-to-level-financial-playing-field-and-showcase-the-game-of-real-life-301690877.html

News provided by

Finastra

Nov 27, 2022, 20:00 ET

New strategic space at MRANTI Park will help Finastra expand its footprint, further contribute to the local economy and promote STEAM careers in a region dedicated to innovation

KUALA LUMPUR, Malaysia and SINGAPORE, Nov. 28, 2022 /PRNewswire/ — Finastra today announced a new Center of Excellence (COE) at Malaysia’s MRANTI Technology Park in Bukit Jalil, Kuala Lumpur. MRANTI Park is a hub for technology innovation, commercial adoption, and scientific excellence. It is an ideal location for Finastra to expand its Asia Pacific footprint, further, contribute to the local economy, and promote Science, Technology, Engineering, the Arts, and Mathematics (STEAM) careers in a region dedicated to innovation.

Finastra will benefit from MRANTI’s integrated infrastructure and services. It will be able to tap into local IT talent, including from nearby universities and the growing start-up technology community there. The new COE will champion Finastra’s Lending, Universal Banking, Payments and Treasury & Capital Markets software solutions across the region.

With its FusionFabric.cloud open development platform, Finastra will continue to support innovation for its financial institution customers around the world, connecting fintechs – including those in Malaysia – to its core solutions. The new space will also embrace sustainability and contribute to the circular economy, being a low carbon development that uses renewable energy, aims to recycle all waste and conserves water through rain harvesting. Moreover, Finastra brings its ESG philosophy around unlocking the potential of people, business and communities.

Simon Paris, CEO at Finastra said, “Growth in Asia Pacific is one of our company’s key strategic commitments and opening a Center of Excellence in Kuala Lumpur is an important milestone to help us achieve this goal. This site is a hub for technology innovation and MRANTI’s desire to act as a connector, incubator, and catalyst to transform ideas from early-stage ideation to impact complements our collaborative mantra to drive innovation and technology acceleration around digital trade, digital finance and acceleration to cloud, in line with Government initiatives around digitalization there. It is also a testament to our highly valued Malaysian banking and financial services customers.”

Dzuleira Abu Bakar, Chief Executive Officer of MRANTI said, “Through our recently launched MRANTI Park Master Plan, we seek to inspire the world with a bold new model that accelerates ideas to impact by combining our developmental expertise with tech infrastructure and services for the creation, development and commercialization of technology and innovation. We are excited that a leading fintech company like Finastra is joining our growing community and look forward to supporting local tech innovation to transform our nation’s technology landscape.”

The move is supported by Finastra’s investor, Vista Equity Partners, a leading global investment firm focused on enterprise software that has over a dozen companies active in Malaysia. Robert F. Smith, Founder, Chairman and CEO, Vista Equity Partners said, “I’m honored by the long-standing commitment of our Malaysian investing partners and enterprise software customers, and the positive impact they’re enabling in the country. We’re delighted to grow our engagement with direct investment through this Finastra Center of Excellence in partnership with MRANTI, and are excited about further developing local IT talent and increasing opportunities for even more Malaysians.”

About Finastra

Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-winning solutions and services across Lending, Payments, Treasury & Capital Markets and Universal Banking (Retail, Digital and Commercial Banking) for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by ~8,600 institutions, including 90 of the world’s top 100 banks. For more information, visit finastra.com.

Logo: https://mma.prnewswire.com/media/1916021/FINASTRA_Logo.jpg

SOURCE Finastra

https://www.prnewswire.com/news-releases/finastra-cements-commitment-to-growth-in-asia-pacific-with-center-of-excellence-in-kuala-lumpur-301687118.html