Sanya Boosts Tourism and Consumption as First China International Consumer Products Expo Held in Hainan

Sanya Boosts Tourism and Consumption as First China International Consumer Products Expo Held in Hainan

SANYA, China, May 8, 2021 /PRNewswire/ — As the first China International Consumer Products Expo (“CICPE” or “Hainan Expo”) kicks off in Hainan, Sanya, located on the southern tip of Hainan Island, also one of the most popular destinations in China, is making a splash as attendees from various provinces and cities flock to the island. The Sanya Tourism Promotion Board has readied itself to introduce a reinvigorated New Sanya backed by the Hainan Free Trade Port construction plan.

Sanya Boosts Tourism and Consumption as First China International Consumer Products Expo Held in Hainan
Sanya Boosts Tourism and Consumption as First China International Consumer Products Expo Held in Hainan

Taking place in Haikou between May 7 and 10, the Hainan Expo plays a pivotal role in the development of Hainan Island as an international tourism and consumption center and establishes a platform for the promotion and trade of international consumer products. With a number of innovative mechanisms to enrich the environment for tourism and consumption, Sanya has shown its commitment to turning the city into a destination of both tropical island vacations and duty-free shopping.

Since China’s first duty-free store landed in Sanya on April 20, 2011, Sanya has contributed about 77% of the province’s off-island duty-free sales in the past decade (as of the first quarter of 2021). In the middle of last year, the island province introduced a new tax-free policy that increased the quota to RMB 100,000 and diversified the types of tax-free products on offer, which has set off a boom in duty-free shopping in Sanya.

In a bid to cultivate tourism by meeting the needs of more business and leisure travelers, Sanya has quadrupled its duty-free shops from one to four with the opening of Hainan Tourism Duty Free Shopping Complex (“HTDF Shopping Mall”), CNSC Sanya International Duty Free Plaza (“CNSC Mall”) as well as Sanya Phoenix International Airport duty-free store, and doubled its operating entities. With the generous duty-free shopping quota and a plethora of choices for consumers, the city is diversifying its duty-free business.

The Sanya Tourism Promotion Board is reimagining the city as a travel hotspot with new activities and themes designed to appeal to different tourism segments. The board has launched “Wonderland Sanya”, a campaign that seeks to attract young travelers to explore Sanya’s unique and vibrant possibilities across the five areas of food, travel photography, culture, outdoor activities and luxury hospitality. Also, the board recently partnered with Tencent’s Game for Peace to host a themed carnival, making the city’s Haitang Bay a new landmark of e-sports culture with a “cultural tourism + video game” crossover approach.

Sanya has also introduced a host of innovative mechanisms to promote the construction of an international tourism and consumption center. Leveraging the growing popularity of yachting, a yacht timeshare model has been introduced to make the aspirational pastime accessible and appealing to a broader range of tourists. It has also launched a series of reforms to support the development of the cruise yacht industry.

The coastal city has actively invested in a number of large-scale tourism projects. It has already opened the doors to the wildly successful Atlantis Sanya and Haichang Fantasy Town and inked an agreement to open a Hello Kitty Theme Park Resort in 2024. This continued investment has also attracted global tourism giants to settle in Sanya, with Caissa Holiday and Thomas Cook establishing their headquarters in the city.

Benefiting from the boundless new opportunities brought by the Hainan FTP, such as the Hainan Expo, Sanya looks to a new era as an international destination city for tourism and consumption. 

A herd of horses from a local farm gallop at the foot of the Qilian Mountains in Gansu province in May, 2020. [Photo by WANG CHAO FOR CHINA DAILY]

Green drive scales new peaks

BEIJING, May 7, 2021 /PRNewswire/ — This is a news report from China Daily:

While city folk flock to zoos or animal parks for a glimpse of wildlife, the threats posed by predators such as snow leopards, wolves and brown bears are a daily fact of life for 41-year-old forest ranger Zhao Hongshang in the Qilian Mountains in northwestern China’s Qinghai province.

A herd of horses from a local farm gallop at the foot of the Qilian Mountains in Gansu province in May, 2020. [Photo by WANG CHAO FOR CHINA DAILY]
A herd of horses from a local farm gallop at the foot of the Qilian Mountains in Gansu province in May, 2020. [Photo by WANG CHAO FOR CHINA DAILY]

His base, Qiqing forest station, sits at an altitude of 2,900 meters and is the highest forest station in Qilian Mountain National Park-one of China’s first 10 pilot national parks.

Work on the parks started in 2015, with the aim of further protecting local ecosystems and wildlife.

In August 2018, a pack of wolves chased Zhao and his colleague Ma Xu for about 5 kilometers while they were patrolling the forest on a motorbike. The wolves sprang from a hill beside their route and followed the two rangers for more than 10 minutes, with the chase ending when a truck approached.

“We jumped off the motorbike and rushed into the truck,” Zhao said. “We were surrounded by 11 wolves. That was very scary. The driver hit the horn for a long time. We kept yelling at the wolves and finally scared them away.

“The experience was life-threatening, but sweet to me. I’ve been working as a forest ranger for nearly two decades. For me, nothing could be better than seeing the land I’ve protected become greener and home to more wildlife.”

The construction of the national park, part of China’s comprehensive strategy of improving the environment and achieving the goal of ecological civilization, has boosted animal populations and biodiversity in the Qilian Mountains, which lie on the border of Qinghai and Gansu provinces.

In August 2019, President Xi Jinping, who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, stressed the importance of the ecological protection of the Qilian Mountains.

“The Qilian Mountains are a vital shield for ecological security in the western part of China,” he said. “This is a positioning in the national strategy.”

Xi made the remarks at a horse ranch during an inspection tour of Gansu, when he also expressed satisfaction with the effectiveness of nature conservation work in the area.

Severe threats

Qilian Mountain National Park covers 50,200 square kilometers-68 percent of which lie in Gansu-and features forest, grassland, desert and wetland landscapes.

Most of the 10 pilot parks have a core protected area and a general protected area. Regulation is stricter in the core protected areas, with commercial activities, such as tourism, banned and other forms of human activity kept to a minimum. That even applies to local residents, who are being relocated from the parks’ core protected areas.

The core protected area of Qilian Mountain National Park-27,500 sq km-accounts for 55 percent of its total area.

The mountains’ ecosystem faced severe threats from overgrazing, tourism, mining and commercial logging dating back to the 1980s. By the 1990s, their natural resources were overexploited by more than 500 mining enterprises and 150 hydropower stations, according to Gansu’s provincial government.

Thanks to the launch of the pilot national parks, the ecosystem of the Qilian Mountains has been recovering steadily, although threats to the mountains’ environment have not been completely eradicated.

Economic Information Daily, a newspaper affiliated with Xinhua News Agency, reported that large-scale illegal coal mining had continued to devastate the environment of the Qilian Mountains and reported that a company was suspected of making billions of yuan through illegal coal mining in the past 14 years.

The government of Haixi prefecture, where the mine is located, sent a special team to investigate the case and the Qinghai provincial government sent a special inspection team a day after it was reported.

Two senior officials in Haixi prefecture were removed from their posts for dereliction of supervision duty on illicit mining in Muli coal field in the Qilian Mountains, the provincial government announced at a news conference in 2020.

Liang Yanguo, a member of the Party committee of the prefecture, and Li Yongping, head of the Muli coal field management bureau, were removed from their posts and are under further investigation, according to the provincial discipline inspection commission.

Another three officials from local supervision departments in Haixi were also removed from office and put under investigation.

Since 2017, the central government has conducted two rounds of environmental inspections, including one in the Qilian Mountains.

Illegal mining and commercial logging in the mountains have been banned, and tours that could damage the environment have been suspended. Herdsmen have also been relocated from the core protected area of Qilian Mountain National Park.

Wang Hongbo, director of the park’s management office, said 114 mines were closed in 2018, with all facilities and buildings dismantled or removed, and 25 tours that posed threats to the ecosystem had been modified due to environmental concerns.

The improved environment has seen the revival of the population of some endangered species. Images of Tibetan donkeys, blue sheep and yellow Mongolian gazelle, animals not seen since the 1990s due to excessive hunting, have been captured by infrared cameras several times in recent years.

Zhao said rangers were four times as likely to encounter a blue eared pheasant now than 20 years ago, with the chances of seeing a blue sheep seven times greater.

With three other rangers, he safeguards wildlife in 427 sq km of forest. They patrol the region for 21 days a month and each covers more than 30,000 km a year-nearly three-quarters of the Earth’s circumference.

Preserving ecosystems

Other areas have also seen their ecosystems recover and have gained better protection thanks to China’s efforts to establish nature reserves.

When delivering a report at the opening of the 19th National Congress of the CPC in 2017, Xi said the country, as part of an effort to build a beautiful China, would develop a nature reserve system composed mainly of national parks.

That idea had its genesis in 2005, when Xi was the Party secretary of Zhejiang province. In August of that year, on a visit to Yucun, a village in Zhejiang’s Anji county, Xi praised the local government for stopping mining activities and closing cement factories to deal with a serious pollution problem.

During the visit, Xi put forward his famous development theory that “lucid waters and lush mountains are invaluable assets”, which later became known as the “Two Mountains Theory”.

The green development philosophy is changing the country, with action plans to fight air, water and soil pollution introduced in recent years and its harshest-ever Environmental Protection Law rolled out.

Ecological civilization was also included in the CPC Constitution as a principle for development at the 18th CPC National Congress. It was the first time in the world that a ruling party had highlighted green development in its charter.

In June 2020, the State Council unveiled a guideline on nature reserves, with national parks as a major component, aimed at providing systemic protection for natural ecosystems, relics, scenery and biodiversity, and also safeguarding the country’s ecological security.

Xi has personally reviewed plans for four of the 10 pilot national parks, including those for Qilian Mountain National Park, according to Yang Weimin, deputy head of the Office of the Central Leading Group on Finance and Economic Affairs, and demanded that the integrity and original condition of the ecosystems be preserved.

“The aim is to give about 215,000 sq km of land back to nature, to give roughly 2 percent of China’s territory to giant pandas, Siberian tigers and Tibetan antelopes, and to give our future generations a larger area of pristine land,” Yang said at a news conference on the sidelines of the 19th CPC National Congress.

Thriving wild animals

The National Forestry and Grassland Administration said in 2019 that the construction of all 10 national parks will be completed on schedule, adding that some had already made significant achievements in ecological and wildlife protection.

In Northeast China Tiger and Leopard National Park, which spans the border of Jilin and Heilongjiang provinces, Siberian tigers and Amur leopards-two species listed as critically endangered on the International Union for Conservation of Nature’s Red List-have seen their populations increase in the past two years.

Zhang Shanning, deputy head of the park’s management bureau, said 10 Siberian tigers and six Amur leopards had been born in that time.

In Giant Panda National Park, which unites more than 80 fragmented habitats scattered in southwestern China’s Sichuan province and Shaanxi and Gansu provinces in the northwest, 319 cases of illegal use of forest land, 621 cases of commercial logging and 462 criminal cases of wildlife hunting and trading were subjected to prosecution or administrative punishment in 2019.

Improving livelihoods

Relocation of residents from the core protected areas of most national parks is speeding up.

Nearly 2,900 residents have been moved from the core protected area in Qilian Mountain National Park in Gansu province, Wang said.

They include herdsman Kang Yongsheng and his family, who were relocated in November 2017 along with other residents of Nangou village.

Wang said the government gave one herdsman from each family a job as a forest or grassland ranger in the national park. The job, together with government subsidies, pays 100,000 yuan ($14,240) a year, equal to the amount they could earn from raising livestock.

Kang’s son and daughter-in-law now work as taxi drivers in Zhangye, Gansu, and the family’s living conditions have improved significantly thanks to its relocation.

Building on his decades in the company of wildlife, the mountains, grasslands and rivers, Kang said he loved working as a forest ranger.

“Now every time I see the soft clouds floating in the air, and deer and blue sheep drinking water quietly on the river bank, a strong feeling of peace and pride overwhelms me,” he said. “I guess it’s because of the love of the mountains, which I’ve taken as my home.”

 

Cryptocurrency Token ELONGATE Announces First Major Exchange Listing on BitMart; Raises US$2,000,000 for Various Charities

The biggest charity cryptocurrency token will be available for trading on BitMart starting at 4 AM EDT on May 10. Since its inception, ELONGATE has raised US$2,000,000 for various charities around the world.

BERN, Switzerland, May 8, 2021 /PRNewswire/ — To celebrate its first month of operations, ELONGATE,  the world’s first and biggest charity cryptocurrency token, announces its first major exchange listing on BitMart. The ELONGATE/USDT trading will officially open at 4 AM EDT on May 10. Of equal importance, the crypto token has raised US$2,000,000 to various charities – with its most recent donations going to food and general support programs in war-torn countries through the Human Relief Foundation as well as COVID-19 relief efforts in India through Give India.

ELONGATE in numbers. In just a month of operations, ELONGATE's milestones have well surpassed various cryptocurrency token projects
ELONGATE in numbers. In just a month of operations, ELONGATE’s milestones have well surpassed various cryptocurrency token projects

ELONGATE Will Be Available For Trading on BitMart Starting May 10

A much-anticipated announcement, Elongate will be available for trading on BitMart starting May 10. BitMart is a global digital assets trading platform with over 2,000,000 users worldwide and is ranked among the top crypto exchanges. For all BitMart users, the ELONGATE/USDT trading pair will be officially available for trading at 4:00 AM EDT on the above mentioned date. Commenting on this milestone, Hasan Aziz, Elongate’s Chief Technology Officer and one of the project leads who spearheaded this initiative, said: “In just a month, the Elongate ecosystem has grown to change the face of charity and crypto trading. Our tokenomics is an integral part of the Elongate identity and thus I am elated that BitMart has been supportive to make this exchange listing happen.”

US$2,000,000 Raised to Various Charities

Since committing a US$1,000,000 pledge in donations to various charities in its first few weeks, Elongate has now raised over US$2,000,000 for organizations such as Children International, Action Against Hunger, The Ocean Cleanup, Big Green, Human Relief Foundation, Mark Rober’s Color The Spectrum, and most recently Give India. The latest pledges and donations coming from Elongate are to support food and general support programs in war-torn countries through Human Relief Foundation, autism awareness through YouTuber Mark Rober’s Color The Spectrum – a fundraiser event co-hosted by Jimmy Kimmel, and imminent COVID-19 emergency relief efforts through Give India. For more details about Elongate’s charitable efforts, visit our Twitter and Instagram for constant updates, as well as tuning in to our weekly charity livestream via Twitch every Sunday at 12 PM EST.

Currently, Elongate consists of a community of more than 350,000 holders, with a total following of more than 225,000 users across all its platforms and channels. For more information on Elongate, visit https://www.elongate.cc/

Media Contact:

Gene Rhode Fuensalida Pantig
gene.rhode@elongate.cc
Chief Marketing Officer
ELONGATE

 

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TAL Education Group Files Its Annual Report on Form 20-F

BEIJING, May 8, 2021 /PRNewswire/ — TAL Education Group (the “Company”) (NYSE: TAL), a leading K-12 after-school tutoring services provider in China, today announced it filed its annual report on Form 20-F for the fiscal year ended February 28, 2021 (the “Annual Report”) with the Securities and Exchange Commission (the “SEC”) on May 8, 2021.

The Company’s Annual Report can be accessed on the investor relations section of its website at https://ir.100tal.com/, as well as on the SEC’s website at http://www.sec.gov.

A soft copy is available to be downloaded at company’s IR website under “Financial Information” sector. Holders of the Company’s common shares or ADSs may obtain a hard copy of the Annual Report free of charge by emailing the Company’s Investor Relations Department at ir@tal.com or by writing to:

15/F, Danling SOHO
No. 6 Danling Street, Haidian District
Beijing 100080
People’s Republic of China
Attention: Ms. Echo Yan

About TAL Education Group

TAL Education Group is a leading K-12 after-school tutoring services provider in China. The acronym “TAL” stands for “Tomorrow Advancing Life”, which reflects our vision to promote top learning opportunities for Chinese students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive tutoring services to students from pre-school to the twelfth grade through three flexible class formats: small classes, personalized premium services, and online courses. Our tutoring services cover the core academic subjects in China’s school curriculum as well as competence oriented programs. The Company’s learning center network currently covers 110 cities.

We also operate www.jzb.com, a leading online education platform in China. Our ADSs trade on the New York Stock Exchange under the symbol “TAL”.

For investor and media inquiries, please contact:

Echo Yan
Investor Relations
TAL Education Group
Tel: +86 10 5292 6658
Email: ir@tal.com

Caroline Straathof
IR Inside
Tel: +31 6 5462 4301
Email: info@irinside.com

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Greenland Technologies to Report First Quarter 2021 Unaudited Financial Results on Wednesday, May 12, 2021

EAST WINDSOR, N.J., May 7, 2021 /PRNewswire/ — Greenland Technologies Holding Corporation (NASDAQ: GTEC) (“Greenland“), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced that it will report its first quarter 2021 unaudited financial results on Wednesday, May 12, 2021, before the U.S. market opens.

Greenland’s management team will host an earnings conference call at 8:30 AM on Wednesday, May 12, 2021, U.S. Eastern Time (8:30 PM on May 12, 2021, Beijing/Hong Kong Time).              

Please register in advance of the conference using the link provided below. Conference access information will be provided upon registration.

Participant Online Registration: http://apac.directeventreg.com/registration/event/8952138

A replay of the conference call may be accessed by phone at the following numbers until May 20, 2021. To access the replay, please reference the conference ID 8952138.

Phone Number

International

+61 2 8199-0299

United States

+1 (855) 452-5696

China Hong Kong

+852 800963117

Mainland China

+86 4006322162

+86 8008700205

A live and archived webcast of the conference call will be available at https://edge.media-server.com/mmc/p/7wjbeogk

About Greenland Technologies Holding Corporation

Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a developer and a manufacturer of drivetrain systems for material handling machineries and electric vehicles, as well as electric industrial vehicles. For more information visit www.gtec-tech.com.

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GXT Diamond Certificate NFT Service Opening

GXT, the first case of applying NFT to the diamond certificate

SINGAPORE, May 7, 2021 /PRNewswire/ — Recently, the new trend called NFT (Non-Fungible Tokens), which is from the blockchain industry, is expected to expand its base to general users who are somewhat indifferent to cryptocurrency.

GXT Diamond Certificate NFT Service Opening
GXT Diamond Certificate NFT Service Opening

Cryptokitties, the imaginary cat nurturing game Cryptokitties of the first generation NFT has been popularized the NFT service. Ethereum-based Cryptokitties of the volume has reached 1,000,000 in 2017. At this time, the rare cat was traded for $118,000 in the Ethereum market, and it is evaluated as the first successful NFT service.

Various NFT-based blockchains are being released currently, and GXT TECH is the first case in the diamond distribution industry to introduce GXT NFT (Certificate Token) as the technology that utilizes blockchain-based NFT on diamond certificates.

Authority of GXT TECH said, “If the real certificate has been remained intact, it will be difficult to determine the authenticity of counterfeit products, and there is also possibility that theft cannot be handled. GXT NFT is a unique tokenized digital certificate recorded in the blockchain ledger that can guarantee the diamond is not counterfeit, lost or stolen. It is expected that can play a role of buffer to protect the market from counterfeiting and money-laundering.”

GXT Tech provides the option through the special reward program, which allows customers re-purchase with 90% of the price after 2 years, if customers purchase diamonds at GXT World (Diamond Trading Platform). At this time, the owners of diamond have to return GXT NFT (Certificate Token) with the diamond together, since GXT TECH is responsible for guaranteeing diamonds by GXT NFT (Certificate Token). Furthermore, in order to allow everyone register their diamonds through GXT NFT, the second renewal service of GXT World is expected to be added soon later.

Compared to other platforms those have applied NFT, technology of GXT TECH is considered to have a competitive edge to attract investors’ attention, and it is expected to grow as the first company which will be able to combine diamond certificate and blockchian technology.

Meanwhile, GXT TECH is a diamond and jewelry distribution company that operates a blockchain-based diamond and jewelry trading platform (www.gxtworld.com), which started by “Bergere”, a jewelry brand with 80-year tradition, established in New York in 1940. It has the diamond trading license issued in Singapore, and sells diamonds by selecting diamonds directly.

Clarivate Announces 2020 Revenue Cycle Awards Recipients

Winners of the annual award include ThedaCare Regional Medical Center, University of Iowa Hospitals & Clinics and Essentia Health

LONDON, May 7, 2021 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced the 2020 winners of the annual Revenue Cycle Awards, issued by Healthcare Business Insights to US based companies since 2012. The Revenue Cycle Awards recognize healthcare organizations for achieving outstanding performance on revenue cycle KPIs, based on data from their most recent and preceding full fiscal years. The 2020 Revenue Cycle Awards recipients are: ThedaCare – WI, University of Iowa Hospitals & Clinics – IA and Essentia Health – MN.


The Revenue Cycle Awards were established in 2012 to recognize hospitals and health systems demonstrating strong performance on revenue cycle KPIs that indicate the fiscal health of an organization. While this year’s recipients faced challenges common to the entire healthcare community, at the onset of the pandemic, each participant adjusted operations to support staff and increased communication with patients to prevent the spread of COVID-19. For example, many expanded remote work for revenue cycle staff and developed workflows to meet increased demand for telehealth services. While adapting to these unforeseen challenges, leaders at these organizations were preparing for CMS price transparency regulations, which took effect in 2021, and managing ongoing improvement initiatives intended to further increase efficiency and accuracy in revenue cycle operations.

Winners were selected based on multiple KPIs, and the studied metrics were adjusted for the COVID-19 pandemic. In past years, metrics have been heavily focused on financial outcomes. For the 2020 Awards, that focus was lessened, and new metrics were included to assess the effectiveness of revenue cycle operations, such as the percentages of initial denials attributed to varying root cause categories, which provides insight into the efficiency and accuracy of staff workflows. Evaluation also included narratives provided by awards entrants describing recent revenue cycle initiatives, COVID-19 pandemic response, and more.

Beth Reed, Principal Analyst at Clarivate for Healthcare Business Insights solutions, said: “Innovation is at the heart of every successful growth strategy. Now, more than ever, hospitals and health systems must be flexible, able to adjust operations when needed to ensure the best care can be provided. It was important to acknowledge the effects of the COVID-19 pandemic in this year’s awards process. Each participant demonstrated their commitment to the health and safety of their staff and patients during a time of upheaval.”

While all award recipients have high-performing revenue cycles in common, they represent varied segments of the healthcare landscape as defined by annual net revenue.

2020 Revenue Cycle Awards Winners:

$251 MILLION TO $1 BILLION NET REVENUE – ThedaCare

Based in Neenah, Wisconsin, ThedaCare includes seven hospitals and more than 30 clinics. The system includes five critical access hospitals and two general acute-care hospitals. ThedaCare features 460 beds and has generated approximately $734 million annual net revenue. The system operates under a partnership with Ensemble Health Partners, which provides full revenue cycle outsourcing.

Key achievements:

  • Top decile performance on first-pass appeal success rate in most recent fiscal year: 89.08%
  • Top decile year-over-year improvement on cost to collect: 29.40% decrease
  • Improved business office staff accuracy and efficiency, as well as payer relations, by integrating robotic process automation and AI into claim status workflows and account follow-up prioritization

$1 BILLION TO $2 BILLION NET REVENUE — University of Iowa Hospitals & Clinics

Based in Iowa City, Iowa, University of Iowa Hospitals & Clinics is an academic health system featuring an 860-bed hospital and more than 200 clinics. The system has generated approximately $1.9 billion net revenue.

Key achievements:

  • Top decile performance on percentage of dollars initially denied by payers due to insufficient clinical documentation in most recent fiscal year: 1.32%
  • Top decile performance on percentage of patients pre-registered before scheduled service in most recent fiscal year: 83.18%
  • Demonstrated leadership and community commitment by mitigating a local natural disaster’s effects on patient access to care during summer 2020, such as by identifying revenue cycle team members who could not work remotely due to power outages and developing safety protocols to prevent COVID-19 infection while they were brought back onsite temporarily

$2 BILLION+ NET REVENUE — Essentia Health

Based in Duluth, Minnesota, Essentia Health includes 14 hospitals, more than 70 clinics, several postacute and nonacute living facilities, and more, across Minnesota, Wisconsin, and North Dakota. The system features 1,150 beds and has generated approximately $2.0 billion net revenue.

Key achievements:

  • Top decile performance on percentage of patient payments made online in most recent fiscal year: 91.15%
  • Top decile year-over-year improvement on percentage of patients pre-registered before scheduled service: 90.67% improvement
  • Modified patient-facing revenue cycle processes to provide a positive in-person experience (such as through curbside registration) and virtual experience (such as through remote patient monitoring) during the pandemic

Clarivate and its Healthcare Business Insights solutions, is a proud partner to over 2,000 hospitals and health systems in the United States. We support healthcare leaders by optimizing performance, engaging and retaining employees, and providing insights to help navigate the evolving market – all while putting the patient first. As part of the Revenue Cycle Awards program, throughout 2021, Clarivate will highlight the work behind the numbers with exclusive content, connecting leaders from the winning organizations with the healthcare community. Submissions for the 2021 Revenue Cycle Awards will open later this year.

For more information, visit https://www.healthcarebusinessinsights.com/.

About Clarivate
Clarivate™ is a global leader in providing solutions to accelerate the lifecycle of innovation. Our bold mission is to help customers solve some of the world’s most complex problems by providing actionable information and insights that reduce the time from new ideas to life-changing inventions in the areas of science and intellectual property. We help customers discover, protect and commercialize their inventions using our trusted subscription and technology-based solutions coupled with deep domain expertise. For more information, please visit clarivate.com.

Media Contact
Catherine Daniel
media.enquiries@clarivate.com

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EQT Private Equity exits In.Corp Global to TA Associates

– EQT Private Equity exits its stake in In.Corp Global, a leading pan Southeast Asia & India corporate services provider, to TA Associates   

– Under EQT Private Equity’s tenure, In.Corp, has grown from a Singapore business to a regional player with geographical footprint across seven countries, launched new services to provide full end-to-end service offerings and developed an industry leading technology platform at the core of its business to drive workflow automation

– During EQT Private Equity’s ownership, In.Corp has experienced substantial revenue and EBITDA growth, while the employee base increased by more than five times

STOCKHOLM, May 7, 2021 /PRNewswire/ — EQT is pleased to announce that the EQT Mid Market fund (“EQT Private Equity”) has completed the sale of its stake in In.Corp Global (“the Company” or “In.Corp”) to TA Associates.

Headquartered in Singapore, In.Corp provides end-to-end corporate services such as corporate secretarial, share registry, outsourced accounting and tax services in Singapore, Malaysia, Indonesia, Philippines, Vietnam, Hong Kong and India.

During EQT Private Equity’s ownership, In.Corp expanded its geographical presence from one to seven countries, grew its client base substantially to include more large and multinational corporations. Moreover, the Company enhanced its service offering and organizational capabilities to provide end-to-end corporate services support to its clients with its employee base increasing by more than five times.

In.Corp also developed an industry leading technology platform which enables workflow automation, resulting in higher employee productivity and market leading profitability. Today, In.Corp is a leading pan Southeast Asia & India corporate services provider with over 500 employees, servicing more than 12,000 clients across international SMEs and multinational corporations.

Brian Chang, Partner and Investment Advisor, Head of Southeast Asia at EQT Partners, said “We are pleased to have found a good partner for In.Corp for what we believe will be an exciting next phase of its journey. In.Corp has transformed significantly into a regional leader in the Asian corporate services industry in the last five years and we are proud of the accomplishments achieved alongside a very entrepreneurial and professional management team and board. We thank Atin, the management team, all employees and the board for their vision and dedication, and we are confident that In.Corp will continue to be successful under its new ownership.”

Atin Bhutani, CEO of In.Corp, said “We want to thank EQT and the entire team for the trust, dedication and guidance over the last five years. EQT has been a great partner and instrumental in In.Corp’s journey so far and also in finding the right partner for us for the next phase of growth and transformation. I will personally also cherish the friendships that we have built over these years.”

Contact
APAC media inquiries: KEKST CNC, daniel.delre@kekstcnc.com, +852 9212 3105
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organization with more than EUR 67 billion in assets under management across 26 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About In.Corp Global
Based in Singapore, In.Corp is the leading provider of professional corporate solutions for businesses with presence in seven markets across Asia. In.Corp specializes in a full range of professional services for companies planning to establish a hub or headquarters in Asia, including incorporation, corporate secretarial & compliance, share registry, accounting, taxation, human resources, corporate recovery and other business advisory services.

More info: www.incorp.asia

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/eqt-private-equity-exits-in-corp-global-to-ta-associates,c3343022

The following files are available for download:

https://mb.cision.com/Main/87/3343022/1414580.pdf

Press release EQT Mid Market In.Corp Global 210507

 

Four Seasons Education to Report Four Quarter and Fiscal Year 2021 Unaudited Financial Results

SHANGHAI, May 7, 2021 /PRNewswire/ — Four Seasons Education (Cayman) Inc. (“Four Seasons Education” or the “Company”) (NYSE: FEDU), a leading Shanghai based educational company dedicated to providing comprehensive after-school education services with a focus on high-quality math education, today announced that it will report its unaudited financial results for the fourth quarter and fiscal year 2021 ended February 28, 2021, on May 13, 2021, before the open of U.S. markets.

The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 13, 2021 (8:00 PM Beijing/Hong Kong time on May 13, 2021).

Dial-in details for the earnings conference call are as follows:

United States (toll free):

1-888-346-8982

International:

1-412-902-4272

Hong Kong, China (toll free):

800-905-945

Hong Kong, China:

852-3018-4992

Mainland China (toll free):

400-120-1203

Participants should dial-in at least 5 minutes before the scheduled start time and ask to be connected to the call for “Four Seasons Education.”

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.sijiedu.com.

A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until May 20, 2021, by dialing the following telephone numbers:

United States (toll free):

1-877-344-7529

International:

1-412-317-0088

Replay Access Code:

10156412

 

About Four Seasons Education (Cayman) Inc.

Four Seasons Education (Cayman) Inc. is a leading Shanghai based educational company dedicated to providing comprehensive after-school education services with a focus on high-quality math education. The Company’s vision is to unlock students’ intellectual potential through high quality and effective education that can profoundly benefit students’ academic, career and life prospects. The Company provides educational programs that are primarily focused on elementary-level math and have expanded in recent years to also include other subjects, including physics, chemistry, and languages, and other grade levels, including kindergarten-level and middle school-level programs. The Company’s proprietary educational content is designed to cultivate students’ interests and enhance their cognitive and logic abilities. The Company develops its educational content through a systematic development process and updates it regularly based on student performance and feedback. Such process allows the Company to effectively drive better learning outcomes and serve students of different ages, aptitude levels and learning objectives. The Company’s faculty is led by a group of experienced senior educators, including recognized scholars, award-winning teachers. Over the years, the quality of the Company’s education services has been demonstrated by its student outstanding academic performance.

For more information, please visit http://ir.sijiedu.com.

For investor and media inquiries, please contact: 

In China:
Four Seasons Education (Cayman) Inc.
Olivia Li
Tel: +86(21)6317 6678 
E-mail: IR@fsesa.com

The Piacente Group, Inc. 
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: fourseasons@tpg-ir.com

In the United States:

The Piacente Group, Inc. 
Brandi Piacente 
Tel: +1-212-481-2050 
E-mail: fourseasons@tpg-ir.com

Related Links :

http://www.sijiedu.com

WuXi Biologics Completed Three Acquisitions to Enhance its Global Network

SHANGHAI, May 7, 2021 /PRNewswire/ — WuXi Biologics (“WuXi Bio”) (2269.HK), a global company with leading open-access biologics technology platforms, announced that it has completed the acquisitions of a Bayer manufacturing facility in Wuppertal, Germany, the Pfizer China (“Pfizer”) manufacturing facilities in Hangzhou, China as well as CMAB Biopharma Group (“CMAB”).

Under the acquisition agreement signed in December 2020 with Bayer, WuXi Biologics took over the operations and assets of a Drug Substance facility (MFG19) located in Wuppertal, Germany that will include 3 x 1,000L perfusion and 6 x 2,000L fed-batch capacity with independent downstream suites. Announced in March 2021, WuXi Biologics closed the acquisition of biologics drug substance and product facilities (MFG20/DP9/DP10) from Pfizer China located in Hangzhou with 2 x 2,000L single-use bioreactors that can be expanded to 4 x 2,000L. The site also contains two state-of-the-art Drug Product (DP) manufacturing facilities, for drug product formulation and filling in vials and syringes.

The acquisition of CMAB, a biologics Contract Development and Manufacturing Organization (CDMO) with operations in Suzhou, China, was also announced in March 2021. The CDMO operations maintain facilities (MFG21/DP11) with 7,000 liters bioreactor DS capacity as well as DP manufacturing for both liquid and lyophilization fills. WuXi Biologics acquired 100% interest of CMAB, which will be renamed as WuXi Biologics (Suzhou) and operate as a wholly owned subsidiary.

All these acquired facilities are expected to be ready for GMP manufacturing in 2021 and enhance global footprints at WuXi Biologics. With these expansions, the total capacity of the company’s 11 DS facilities in China, the U.S. and Germany will be increased to 150,000 liters by the end of 2021. In addition, there will be nine GMP DP facilities for vials and syringes in China, the U.S. and Germany to meet all clients’ needs this year.

Dr. Chris Chen, CEO of WuXi Biologics, commented, “We’re excited to complete these significant deals with Bayer, Pfizer and CBC Group and are glad to welcome the highly skilled talents to our WuXi Biologics family. In the past decade, we have continued to expand our capacities and capabilities to build a global biologics network while also strengthening the local supply chain to meet the growing outsourcing demands for biologics. With total 33 DS and DP facilities planned in five countries globally, we will continue to manufacture high-quality biologics and deliver them in a timely manner through our robust manufacturing capacity and resilient supply chains for the benefits of patients worldwide.”

About WuXi Biologics

WuXi Biologics (stock code: 2269.HK), a Hong Kong-listed company, is a leading global open-access biologics technology platform offering end-to-end solutions to empower organizations to discover, develop, and manufacture biologics from concept to commercial manufacturing. The company’s history and achievements demonstrate its commitment to providing a truly one-stop service offering and strong value proposition to its global clients. As of March 22, 2021, there were a total of 361 integrated projects, including 190 projects in pre-clinical development stage, 137 projects in early-phase (phase I and II) clinical development, 32 projects in late-phase (phase III) development and 2 projects in commercial manufacturing. With total estimated capacity for biopharmaceutical production planned in China, Ireland, the U.S., Germany, and Singapore around 430,000 liters after 2024, WuXi Biologics will provide its biomanufacturing partners with a robust and premier-quality global supply chain network. For more information about WuXi Biologics, please visit www.wuxibiologics.com.

Contacts:

Media
PR@wuxibiologics.com

Investors
IR@wuxibiologics.com