We can see that Artificial Intelligence (AI) is transforming many parts of our lives, but do we know where this journey is taking us? Insurers need some certainty on what their future will looks like. Some new insurers are trying new business models enthusiastically and then changing direction sharply, like a speedboat swerving to avoid […]

The post Existing insurers and disruptors are utilizing Artificial Intelligence to create new business models appeared first on Fintech News.

The US worldwide clothing and accessories retailer GAP lost a trademark opposition against an application for word mark GAPACE in class 25 – clothes. According to GAP this new trademark was confusingly similar to earlier trademarks GAP owned by the company. What’s more, GAP has a high level of reputation amongst consumers in Japan. The Japan Patent … Continue reading GAP lost a trademark dispute in Japan

By removing the troublesome SGX support, they've also removed 4k blu-ray playback.

ADA coin price is under tremendous buying pressure and hints at double bottom breakout. Will the increased trend momentum reach $2? Founded by Charles Hoskinson, one of the co-founders of Ethereum, CEO of IOHK, Cardano is one of the largest blockchains to successfully use a proof-of-stake consensus mechanism. The new consensus consumes less power than the proof-of-work algorithm on which Bitcoin is based.  On September 12, Cardano released its highly anticipated Alonzo update. After the update, the network now supports a wide array of crypto applications, including non-fungible tokens (NFTs) and smart contracts. Let us look at what the Cardano technical analysis reveals: Past Performance of ADA The ADA coin price action shows a V-shaped recovery in the daily chart with a 30% price jump following the downfall to $1.125. The coin price shows a rise of almost 10% in the past 24 hours, with a 130% rise in intraday trading volume. This indicates a boom in the underlying buying pressure. The price approaches the crucial resistance level of $1.5 that may soon generate a breakout entry opportunity. ADA/USD Daily Chart ADA Technical Analysis The V-shaped in the ADA coin price completes a double bottom pattern in the daily chart. The neckline of the patterns coincides with the resistance level at $1.5. Therefore, the breakout of the pattern will give an excellent buying spot.  Crucial EMAs (50, 100, and 200) trend lower in a bearish alignment in the daily chart. The price breaks above the 50-day EMA and continues to reach the 200-day EMA.  The RSI indicator at 59% shows a sharp increase in the slope resulting in the central line (50%) breakout in the daily chart. Therefore, the indicator reflects a boom in the underlying bullish momentum. The MACD indicator shows a sudden rise in the MACD line driving the line further away from the signal line after the bullish crossover. Moreover, the solid growth in bullish histograms suggests increased buying pressure. Therefore, the rising buying pressure is evident by the technical indicators, increasing the chances of a bullish breakout of $1.5.  Upcoming Trend The double bottom pattern made by the ADA coin price action can shortly give a bullish breakout of the neckline at $1.5. Therefore, traders can expect the breakout to reach the $2 mark by the end of January.  The price action suggests upcoming resistance levels at $2 and $2.30 following the level at $1.5. And, in case of a bearish reversal, the price can find support at $1.125  and $1. At press time, the sentiment chart gives a strong “BUY” signal for the ADA token.

The post ADA Technical Analysis: Double Bottom Breakout Can Reach $2, Is It the Best Buy of 2022? appeared first on Cryptoknowmics-Crypto News and Media Platform.

HONG KONG, Jan 17, 2022 - (ACN Newswire) - Affordable housing has created huge market potentials for prefabricated and green buildings.

Recently, frequent implementation of affordable housing support policies has created huge market potentials for prefabricated and green buildings. Market analysis pointed out that PC component manufacturers in the prefabricated construction supply chain will be key beneficiaries from these new policies.

As the most preferred brand in the prefabricated construction industry for three consecutive years, Broad Homes (02163.HK) will likely benefit from the recent policy catalysts. To highlight, the Company operates in both to-B and to-C business under its dual mode business model, which gives the Company potential to grasp onto a larger market share in this industry uptrend.

First and second tier cities are actively responding to affordable housing policies.

According to market data, since the beginning of December 2021, the Prefabricated Building Index (931020) rose nearly 10%, driven by discussions during the Politburo meeting in December to further promote construction of affordable housing. Similar discussions also took place during the Central Economic Work Conference, indicating growing interest from high-level officials.

In the past year, affordable housing support policies have been frequently issued. The Politburo meeting mentioned the promotion of affordable housing construction for the first time in April and again in December. In addition, in July, the Politburo discussed the need to accelerate rental housing development and implemented supporting policies surrounding land usage and taxation. During the Central Economic Work Conference in December, discussions surrounding the need to "accelerate the development of the long-term rental housing market, promote the construction of indemnificatory housing, support the commercial housing market and better meet reasonable housing needs of buyers" are highlighted. Huachuang Securities pointed out that both the Politburo meeting and the Central Economic Work Conference have prioritized affordable housing before commercial housing, reiterating high-level officials' focus on affordable housing.

In terms of specific development goals, the Ministry of Housing and Urban-Rural Development issued the "Notice on the Monitoring and Evaluation of the Development of Affordable Rental Housing in 2021" in November 2021. The notice monitoring and evaluation of the development of affordable rental housing in 2021 in November. The notice outlined that during the "14th Five-Year Plan" period, the supply of affordable rental housing will be largely increased, and the proportion of new affordable rental housing to total new housing supply is targeted to reach 30% or more.

Meanwhile, key first and second tier cities have responded actively to recent policies and announced relevant targets for affordable housing construction during the "14th Five-Year Plan" period. Among them, Beijing, Shanghai, Shenzhen set targets of over 45% for new affordable housing to total new housing supply.

The affordable housing industry is one of the most important application areas for prefabricated buildings. Therefore, the acceleration and expansion of the affordable housing market will generate growing demand for prefabricated buildings.

According to Huachuang Securities' estimates, the annual new construction area of 123 million sqm corresponds to RMB 446.3 billion in affordable housing related investments, indicating huge volume growth in the affordable housing sector. Considering part of the growth will be hindered by the impact of fluctuations in real estate regulations, the proportion of prefabricated buildings to new construction buildings will continue to increase, benefiting industry leaders in the prefabricated construction sector.

Prefabricated buildings is the most optimal method of construction under the "dual carbon" targets

Prefabricated building refers to the use of modern manufacturing, transportation, installation and scientific management of production in replacement of traditional production where manufacturing process is more scattered, offers lower quality and efficiency, and requires intensive human labor. The key characteristics of prefabricated construction is standardization of architectural designs, industrialization of component production, mechanization of construction, and scientific organization and management. These include residential buildings produced through prefabricated construction methods.

There are two reasons to support why prefabricated buildings best fit affordable housing demands.

Firstly, prefabricated construction method significantly shortens the construction period. Time-saving is the key advantage of prefabricated buildings because early delivery corresponds to earlier collection of rent. According to Everbright Securities' estimates, assuming rental price of affordable housing is RMB40 per sqm per month, saving 9 months of construction period would correspond to a total cost savings of RMB360 per sqm.

Secondly, prefabricated buildings help reduce environmental burden throughout the construction process. Different from traditional construction methods, prefabricated construction reduces manual operation and on-site wet construction, and incorporates digitally integrated technologies to support the modernization, intelligence, and other green construction characteristics. Prefabricated buildings also best fit the low-carbon building criteria for affordable housing. The "dual carbon" target acts as an important requirement for construction projects and helps guide the industry towards adopting more green methods of construction.

Founded in 2006, Broad Homes is the largest manufacturer of PC components and PC production equipment in China. In November 2010, Broad Homes was listed on the HKEX and is also the first company to IPO in the prefabricated construction sector.

According to Broad Homes' 2021 Interim Results, the Company's PC component revenue increased 12.4% YoY to RMB1.138 billion; PC production equipment business increased 306.6% YoY to RMB221 million. The increase in revenue is driven by market expansion and growing demand of PC components.

As the pioneer and leader of China's construction industrialization, Broad Homes adheres to green development. Guided by the "14th Five-Year Plan" and 2035 targets, the Company aims to continuously improve the quality and efficiency of industrialized production, better serve the need for green and low-carbon development in rural areas, and explore innovative ways to promote the construction of affordable housing.

Broad Home's innovative prefabricated product development maximizes time value saved from early delivery.

It is worth noting that, in addition to the PC component business on the to-B end, Broad Homes also launched products on the to-C end in the second half of 2021.The three products from the to-C business are highly standardized and fully assembled buildings, including PC high-rise buildings, B-Homes(fully assembled, low-rise/multi-story buildings), and BOX modules.

These products are characterized by their short construction period. It is reported that the multi-story, fully-assembled B-Homes' main body can be completed in 8 days and delivered with fine decoration within 100 days. This breakthrough in quality and efficiency truly allows the productization of buildings.

Broad Homes noted that the Company has accumulated years of experience through their B-Home business and will bring positive synergy to the new BOX Module product. The amount of new contracts from BOX Module shows that the product is already gaining market traction with the price of fully-prefabricated buildings being lower than cast-in-place buildin gs. With many projects in the pipeline, the Company will continue to explore innovate application areas for prefabricated buildings.



Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comAffordable housing has created huge market potentials for prefabricated and green buildings.

From a major rebranding exercise to upheavals in the Asian markets throughout the year, it was busy 2021 for Finalto. Who would know better about this than Alex Yap, Head of Institutional Sales for Asia at Finalto? Today, we are in conversation with Alex about how last year treated the leading fintech company and what […]

The post What the Year of the Tiger Will Bring for the Asian Markets – A Conversation with Finalto’s Alex Yap appeared first on Fintech News.

Title is correct, I fundamentally performed Every single VR / Digital Actuality activity EVERmade in A person Video… Next Channel: … supply

HONG KONG, Jan 17, 2022 - (ACN Newswire) - CITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is honored to announce that its data science and innovation team has won the championship of "Material Demand Forecast" award in the 5th China Industrial Internet Data Innovation and Application Contest. The contest was jointly organized by The China Academy of Information and Communications Technology (CAICT) and People's Government of Baoan District, and was strongly supported by Alliance of Industrial Internet and Shenzhen Industrial and Information Technology Bureau.
2021 was a bountiful year for CITIC Telecom CPC where its data science and innovation team has achieved new heights. CITIC Telecom CPC attained the highest honor and won the championship in the "Classification of Malware Families based on Artificial Intelligence" in the CCF Big Data & Computing Intelligence Contest (CCF BDCI) organized by the China Computer Federation. The latest award is the championship in the 5th China Industrial Internet Data Innovation and Application Contest. Lasted nearly 3 months, the contest attracted more than 6000 people from over 2200 teams to participate. The data science and innovation team of CITIC Telecom CPC entered the competition in the "Smart Material Demand Forecast in Discrete Manufacturing Industry" category. The team used different attribute correlation analysis and integrated various algorithms to generate the best predictive value of product material demand and finally won the championship.

With the theme "Digitization drives intelligence and provides insight into industrial future", the contest provides real industrial production and operational data according to the needs of real manufacturing enterprises. Based on historical data of raw material demands and inventory level, every team has to predict the demand of each raw material in every factory and provide periodic demand forecast results for the coming 3 months in order to advise the factory in terms of stocking and production. CITIC Telecom CPC's data science team collected the data and conducted materials, scenarios and relevant attribute correlation analysis based on time series, and integrated various algorithms like mathematical algorithms to do intelligence analysis, thereby generating the best predictive value and finally won the contest.

"Data science has been widely utilized in various industries. Its strong intelligent power and rapid development have reshaped traditional enterprises for digital transformation. We are honored to receive this award in recognition of our data experts and professional team's comprehensive capabilities in industrial internet demand scenarios, algorithms modeling expertise and AI analysis. It also shows our team's dedication in innovation and integrate the latest technologies into business values, which bear testimony to our corporate vision 'Innovation Never Stops'. We will continue to sharpen the professional skills of data science team, to prepare for our strong engagement in future research and innovation projects." said Mr. Esmond Li, CEO of CITIC Telecom CPC.

Enhancing forecast accuracy with intelligent innovation
Different industries across the globe are facing big challenges in their supply chain during the pandemic. Supply chain collaboration is of great importance to enterprises particularly in the discrete and complex manufacturing industry. It is important to maximize the power of ICT services as an enabler of using data resources and intelligent algorithms to enhance forecast accuracy. Cloud computing, digitalization and the Industrial Internet of Things (IIoT) empower enterprises to implement supply chain collaboration and smart production management, helping them significantly reduce cost, increase efficiency and risk resistance capability. In this contest, CITIC Telecom CPC made use of real data in industrial scenarios to conduct algorithm analysis and modeling through its self-developed AI platform for IT operations. The professional use of different attribute correlation analysis and the integration of various algorithms have generated the best predictive value. The result demonstrates the value and vision of intelligent innovation, harnessing CITIC Telecom CPC's extensive ICT infrastructure services and their integration with AI technology. By integrating the latest technologies like intelligent algorithms, AR, big data, blockchain and IoT into its existing service portfolio, CITIC Telecom CPC has successfully developed smart ICT services and new business values as well as broadening industry use cases to empower enterprises to unlock business potentials.

About CITIC Telecom CPC
We are CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT(TM) private network solutions, TrustCSI(TM) information security solutions, DataHOUSE(TM) cloud data center solutions, and SmartCLOUD(TM) cloud computing solutions.

With the motto "Innovation Never Stops," we leverage innovative technologies, embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies to transform technical potential into business value for our customers. As an enterprise digital transformation partner, we strive to help our customers achieve industry-leading positions, high agility, and cost-efficiency through digitalization.

With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across 160 countries, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect over 160 points of presence (POPs), 19 Cloud service centers, 30+ data centers, and two dedicated 24x7 Security Operations Centers (SOCs). As one of the first managed service providers in Hong Kong to achieve multiple ICT-related certifications, including ISO 9001, 14001, 20000, 27001, and 27017, we offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers.

For more information, please visit www.citictel-cpc.com

Media Contacts:

Catherine YuenCITIC Telecom CPC
(852) 2170 7536
Email: catherine.yuen@citictel-cpc.com


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comCITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is honored to announce that its data science and innovation team has won the championship of "Material Demand Forecast" award in the 5th China Industrial Internet Data Innovation and Application Contest.