Apis Partners leads US$15 million investment in Prenetics

  • Investment will go into game-changing rapid COVID-19 test, highly accurate, results in 15-30 minutes, no lab required, low-cost. In discussions with Governments globally.
  • Enabling Travel Bubble: Prenetics, Cathay Pacific to launch pilot in October 2020 from HKG to LHR with The Commons Project, a global digital health passport that allows travellers to show their negative COVID-19 test results on an mobile app. Enabled via Prenetics rapid COVID-19 test to be performed at airport or at airport express.

HONG KONG, Sept. 18, 2020 /PRNewswire/ — Apis Insurtech Fund I, a venture fund managed by Apis Partners has led a US$15 million investment in Prenetics Limited, along with existing investor Alibaba Hong Kong Entrepreneurs Fund and more.

Prenetics is a leading genetics and diagnostic health testing company, operational in 10 countries with a team of over 200. Prenetics, driven by a duty of responsibility due to the global pandemic launched Project Screen by Circle, an initiative aimed at making COVID-19 testing easy, safe and accurate. Highlighted below are some key updates:

  • Prenetics plans to launch in Q4 a rapid COVID-19 nucleic acid test, with results in 15-30 minutes, no laboratory required, highly scalable, low-cost, enabling frequent testing. Prenetics is in talks with multiple governments globally.
  • Prenetics has been selected by Pure Health, the largest laboratory network in the UAE to test airline passengers flying into the United Arab Emirates from Hong Kong, in accordance with the UAE’s requirement for travelers to prove they are not infected with Covid-19. Pure Health has been appointed by the UAE’s government to launch this pioneering project to promote safe travel.
  • Prenetics has performed more than 300,000 RT-PCR COVID-19 tests in Hong Kong and in the U.K., having identified approximately 280 individuals as positive for COVID-19.
  • Prenetics, the only Hong Kong laboratory appointed by the Hong Kong government in the 1st phase of community COVID-19 testing across high-risk clusters, which include Hospital Authority, Travellers, Restaurant Staff, Foreign Domestic Helpers, and more.
  • Prenetics Hong Kong laboratory can process over 20,000 RT-PCR tests daily, making it the largest private testing laboratory in Hong Kong.
  • Prenetics was selected in May 2020 by U.K. Premier League to help re-start the football season by providing 40,000 COVID-19 tests for all 20 teams. Prenetics has been chosen again for the new season as the only testing provider by the Premier League.
  • Prenetics Group CEO – Danny Yeung selected by Business Insider Asia as one of 100 people transforming business in Asia. https://www.businessinsider.com.au/100-people-transforming-business-in-asia-2020-9

Alongside serving the community in the fight against COVID-19, Prenetics pioneered the use of Whole Exome Sequencing Technology with its flagship CircleDNA consumer DNA test. Via CircleDNA, individuals can, via a single saliva swab, access over 500 valuable health reports which include cancer & disease risk, carrier screening for family planning, drug response, diet & nutrition, sports, ancestry and many more.

Prenetics has now raised more than US$60 million since inception in 2014. The new funding will be used to continue to invest in R&D with a specific focus on further advancing COVID-19 testing technologies on a global basis.

Danny Yeung, Co-Founder and Group CEO of Prenetics, said: “We are proud to be playing such a major role in the fight against COVID-19. Rapid, accurate, and frequent testing could be one of our most important interventions as fall approaches to prevent large outbreaks and for the global economy. In a recent Harvard study, it showed that there could be a 65% reduction[1] in infectiousness with weekly testing. Our teams are working 24/7 and stay tuned for some exciting updates in this area.”

Apis Managing Director, Jin Jeong, said: “We were highly impressed by Danny and the entire team at Prenetics for their mission driven approach to healthcare. Prenetics is spearheading personalized health by leveraging its next gen genomics capability. Whilst we made our decision to invest in Prenetics pre-COVID, seeing how Prenetics has used technology to help the community provide much needed COVID-19 testing is really a testament to the team’s ability to make a difference to the World. I’m very excited for the future of Prenetics. “

About Prenetics

Prenetics is a leading genetics and diagnostic health testing company, operational in 10 countries with a team of over 200. Prenetics operates its direct to consumer genomics business via its two brands, CircleDNA in Asia and DNAFit in Europe. The company has a team of over 200 people and is spread across ten offices in Asia, Europe and South Africa. It’s UK business has been awarded Two Queens Awards for Innovation and for International Trade.

Prenetics has received over USD 60-million in strategic funding from Alibaba Hong Kong Entrepreneurs Fund, Ping An and more. Prenetics’ mission is to help people lead healthier, more active lives by empowering them with personalised, predictive, and preventive measures in the form of the latest, proven innovations in DNA and mobile technology.

For more information, please visit www.prenetics.com and http://www.circledna.com/

About Apis

Apis Partners LLP is a global investment manager specializing in investments democratising access to financial services and related industries. Through its co-mingled and managed funds, Apis invests in sustainable early to growth stage businesses and helps them scale. Headquartered in London, the Apis team is spread across Singapore, US, India, Nigeria, Kenya, and South Africa.

For more information, please visit www.apis.pe

About The Commons Project

The Commons Project is a non-profit public trust building global digital services and platforms for the common good. Founded with support from The Rockefeller Foundation and headquartered in Switzerland, it was established to build and operate the shared platforms and services that neither governments nor tech companies are well positioned to create. The Commons Project’s public trust governance structure is designed to ensure that people’s interests are served above all.”

For more information, please visit https://thecommonsproject.org/

[1] https://www.medrxiv.org/content/10.1101/2020.06.22.20136309v3.full.pdf

Related Links :

http://www.prenetics.com

Stark Group selects Planon’s Lease Accounting solution to comply with IFRS 16 standards

BRIGHTON, England, Sept. 18, 2020 /PRNewswire/ — Stark Group, one of the largest retailers and distributors of building materials for the professional segment in Northern Europe, has selected Planon Universe for Financial Professionals to comply with IFRS 16 standards. Planon is the leading global provider of software that supports corporate real estate and facility managers in optimising their business and workplace performance.

Founded in 1896 with headquarters in Denmark, Stark Group has been continuously developing and strengthening its position in the market and is well regarded in the construction industry. In addition to supplying products, the organisation also provides valuable advice and services to builders across the entire Nordic region. With over 10,000 employees and 412 stores in six countries, Stark Group handles 4,200 lease contracts across all countries in which it operates. “We have chosen Planon software for Lease Management and IFRS 16 compliance because of the maturity of the solution and the structured implementation process,” said Michael Peter Jakobsen, Group Finance Manager at Stark Group.

After an in-depth selection of vendors with a focus on business and technical requirements, demonstration, implementation, Nordic references and financial proposal, Planon was selected as the preferred supplier. Karsten Wingsted, Finance Specialist at Stark Group, explains, “The opportunity to speak with several Planon customers before making our decision gave us the confidence that Planon would be the best partner to choose. This eased our search for an integrated lease management and IFRS 16 lease accounting solution.”

“With an expanding local presence in the Nordic region and growing customer base, we are seeing an increased demand for these types of solutions,” said Pierre Guelen, CEO at Planon. “Due to COVID-19, the implementation will be done remotely over a period of six weeks. This is where one of Planon’s core strengths really comes into play – an established combination of strong local presence and an international team used to remote working.”

Consultancy firm Deloitte is advising Stark Group as a skilled partner, whilst implementation is handled by Planon, ensuring a smooth, compliant and timely operation.

About Planon

With over 35 years of experience, Planon is the leading global provider of innovative software, proven best practices and professional services that help building owners and occupiers, commercial service providers, and financial controllers to streamline business processes for buildings, assets, workplaces and people.

Related Links :

https://planonsoftware.com

Equiteq supports VISEO on its APAC expansion with the acquisition of Cludo, a Salesforce leader in the Australian market

SINGAPORE, Sept. 18, 2020 /PRNewswire/ — Equiteq is pleased to announce it has supported VISEO, a global technology company specializing in digital transformation services, in its acquisition of Cludo, a leading Australian Salesforce Platinum Partner.

Joining forces enhances the ability of both companies to deploy larger-scale digital projects across Australia and the APAC region, as the addition of Cludo’s digital transformation expertise will complement VISEO’s comprehensive range of digital services offerings.

“This is a natural union. Like VISEO, we are committed to our customers and our people, and culturally and operationally we are strongly aligned. This merger is great news for our people and will benefit our customers and the Salesforce ecosystem by allowing us to combine with a global leader, accelerate innovation and drive even greater customer success,” explains Ian Goodwin, Co-Founder and CEO of Cludo.

“VISEO Australia is delighted to welcome the Cludo team into our organisation. We share a similar company culture and vision, and our potential synergies are aligned with our strategy to become a top-3 Salesforce player in ANZ in the next 3 years,” says Pierre-Francois VIEAU, Managing Director of VISEO Australia.

“We are very pleased and honoured to welcome Cludo as part of the VISEO family. This move reflects our ambition for Australia. It will consolidate our partnership with Salesforce and accelerate our Cloud First Strategy,” adds Olivier Dhonte, VP APAC and Chairman of the VISEO Group.

Charles Woodall, SVP Alliances & Channels, Salesforce APAC said, “Cludo is a fast-growing member of Salesforce’s ecosystem, driving substantial digital transformation projects for our joint customers. We welcome its acquisition by VISEO, which will support Salesforce’s digital transformation capabilities in Australia and across the region.”

Regarding Equiteq’s role in the transaction, Olivier also remarked, “Their comprehensive support ranges from initial market assessment and research, initial contacts and negotiations, down to the completion of the deal. Their deep understanding of the Salesforce market, together with the right combination of local and regional support, have been instrumental in the success of this project. “

Jean-Louis Michelet, MD Equiteq Asia-Pacific, and Alex Monck, MD ANZ, commented: “We are proud that our Australian team has made it possible for Equiteq to contribute once again to VISEO’s growth journey.”

Related Links :

https://www.equiteq.com/home/

The Capital Market Authority Approves “Instructions on Issuing Depositary Receipts Out of the Kingdom”

RIYADH, Saudi Arabia, Sept. 18, 2020 /PRNewswire/ — The Capital Market Authority (CMA) Board approved the “Instructions on Issuing Depositary Receipts Out of the Kingdom” which aim to set out the regulatory framework for the issuance of depository receipts out of the Kingdom of Saudi Arabia for shares issued in the Kingdom and listed in the Saudi Stock Exchange; or shares issued in the Kingdom and its issuer has made the necessary arrangements for listing them in the Exchange. These instructions come for the purpose of opening the Saudi financial market to foreign markets and contributing to build an advanced global financial market, in addition to providing additional financing methods for Saudi issuers whose shares are listed in the Exchange, or who have made the necessary arrangements for listing their shares in the Exchange.

These instructions enable the company (the issuer) to allocate a percentage of the company’s shares for which depository receipts are issued, where such depository receipts will be offered and listed in a foreign financial market. Listed or non-listed Companies on emerging markets typically use depository receipts for the purpose of offering and listing in advanced foreign markets, as depository receipts contribute to increasing the efficiency of pricing the issuer’s securities between the local and foreign markets. It is also one of the flexible methods for the issuer to offer securities in the currency of the foreign market.

In this regard, Mr. Bader Balghonaim, the CMA Deputy for Legal Affairs and Enforcement clarified that one of the key objectives of these instructions is to set out the regulatory framework for the issuance of depository receipts out the kingdom for shares of companies listed on the Saudi Stock Exchange, or shares for which necessary arrangements for listing in the Exchange have been made, which enables diversifying the investors base in the Saudi Stock Exchange to include foreign investors in those depository receipts out the kingdom, taking into consideration international best practices and standards.

The CMA studied all views and comments received during the public consultation, and among the views that were taken into consideration is clarifying the conditions to be met in order to enable the holder of depositary receipts, if such holder is among the categories of investors allowed to invest in the listed shares in the Kingdom, to cancel such receipts and become the holder of the corresponding shares.

Moreover, the CMA has prepared the instruction in line with the its strategic objectives and responsibilities in further developing the financial market; it also comes in line with the CMA’s strategic initiative “Financial Leadership Program” to contribute in achieving the Saudi Vision 2030.

The Instructions can be viewed via the following link:
Instructions on Issuing Depositary Receipts Out of the Kingdom

Contact:
Capital Market Authority
Communication & Investor Protection Division
+966114906861
+966544822226
media@cma.org.sa
www.cma.org.sa

About CMA:

The Capital Market Authority (CMA) is the supervisory and administrative authority responsible for regulating and developing the financial market by issuing the laws, regulations and instructions necessary to implement the rules of the Capital Market Law, in order to provide the appropriate climate for achieving confidence, fairness and efficiency for issuance of securities and full disclosure of joint stock companies and protect investors from the illegal acts in the stock market.

For more information about CMA, please visit the official website: www.cma.org.sa.

Related Links :

https://cma.org.sa/en/

Equiteq supports VISEO on its APAC expansion with the acquisition of Cludo, a Salesforce leader in the Australian market

SINGAPORE, Sept. 18, 2020 /PRNewswire/ — Equiteq is pleased to announce it has supported VISEO, a global technology company specializing in digital transformation services, in its acquisition of Cludo, a leading Australian Salesforce Platinum Partner.

Joining forces enhances the ability of both companies to deploy larger-scale digital projects across Australia and the APAC region, as the addition of Cludo’s digital transformation expertise will complement VISEO’s comprehensive range of digital services offerings.

“This is a natural union. Like VISEO, we are committed to our customers and our people, and culturally and operationally we are strongly aligned. This merger is great news for our people and will benefit our customers and the Salesforce ecosystem by allowing us to combine with a global leader, accelerate innovation and drive even greater customer success,” explains Ian Goodwin, Co-Founder and CEO of Cludo.

“VISEO Australia is delighted to welcome the Cludo team into our organisation. We share a similar company culture and vision, and our potential synergies are aligned with our strategy to become a top-3 Salesforce player in ANZ in the next 3 years,” says Pierre-Francois VIEAU, Managing Director of VISEO Australia.

“We are very pleased and honoured to welcome Cludo as part of the VISEO family. This move reflects our ambition for Australia. It will consolidate our partnership with Salesforce and accelerate our Cloud First Strategy,” adds Olivier Dhonte, VP APAC and Chairman of the VISEO Group.

Charles Woodall, SVP Alliances & Channels, Salesforce APAC said, “Cludo is a fast-growing member of Salesforce’s ecosystem, driving substantial digital transformation projects for our joint customers. We welcome its acquisition by VISEO, which will support Salesforce’s digital transformation capabilities in Australia and across the region.”

Regarding Equiteq’s role in the transaction, Olivier also remarked, “Their comprehensive support ranges from initial market assessment and research, initial contacts and negotiations, down to the completion of the deal. Their deep understanding of the Salesforce market, together with the right combination of local and regional support, have been instrumental in the success of this project. “

Jean-Louis Michelet, MD Equiteq Asia-Pacific, and Alex Monck, MD ANZ, commented: “We are proud that our Australian team has made it possible for Equiteq to contribute once again to VISEO’s growth journey.”

Related Links :

https://www.equiteq.com/home

WeLab Bank Teams Up with Solace to Achieve Digital Banking Ambitions

HONG KONG, Sept. 17, 2020 /PRNewswire/ — Homegrown virtual bank WeLab Bank has selected Solace as a core component of its technology architecture to establish multi-cloud vendor communication. Using Solace PubSub+, WeLab Bank will run its entire infrastructure on multiple clouds to ensure customer information is well protected and secured. Through the partnership with Solace, WeLab Bank can also continue to deliver innovative and game-changing financial service products to all customers.

Solace’s technology helps WeLab Bank connect its key backend systems, including Temenos Cloud Core Banking and Fast Payment, to enable event-driven microservices critical for real-time data flow. This allows WeLab Bank to respond to critical business events in an agile and efficient manner, providing customers with a seamless virtual banking experience. In addition, having the entire virtual bank infrastructure in the cloud with a solid foundation that supports high scalability allows it to bring next-generation digital services to customers 24/7.

“Solace provides us with the scalability necessary to support our vision to become a leading virtual bank in the region. Through a microservices architecture, WeLab Bank can create and deploy innovative products such as GoSave and WeLab Debit Card, one of Asia’s first numberless debit cards. Solace’s secure and scalable messaging backbone has been invaluable in helping WeLab Bank shorten the time-to-market for our current and future digital bank offerings,” said Kenneth Chau, Chief Technology Officer at WeLab Bank.

“Solace is proud to be a part of Hong Kong’s digital banking revolution by working with WeLab Bank to bring a next-generation banking experience to fruition,” said Sumeet Puri, Chief Technology Solutions Officer, Solace. “Financial institutions that wish to differentiate themselves and thrive in the rapidly evolving financial services sector must seek new ways to leverage real-time data and provide innovative offerings, or they risk being left behind.”

About WeLab Bank
WeLab Bank Limited (“WeLab Bank” or the “Bank”), is a homegrown virtual bank licensed by the Hong Kong Monetary Authority (“HKMA”). Founded by a team of financial and technology experts, WeLab Bank’s mission is to understand customers’ needs and design a personalized, full-service banking experience that helps them manage and grow their money.
WeLab Bank represents a 100% digital banking experience that is simple, intuitive and built around our customers. WeLab Bank focuses on the powerful mobile app and the numberless Debit Card, both designed with obsession with customers’ experience and data security.
WeLab Bank is a wholly owned subsidiary of WeLab Holdings Limited (“WeLab”), a leading fintech company in Asia.

To learn more, please visit: www.welab.bank or follow us on Instagram: welab.bank

About Solace
Solace helps large enterprises become modern and real-time by giving them everything they need to make their business operations and customer interactions event-driven. With PubSub+, the market’s first and only event management platform, the company provides a comprehensive way to create, document, discover and stream events from where they are produced to where they need to be consumed – securely, reliably, quickly, and guaranteed. Behind Solace technology is the world’s leading group of data movement experts, with nearly 20 years of experience helping global enterprises solve some of the most demanding challenges in a variety of industries – from capital markets, retail, and gaming to space, aviation, and automotive. Established enterprises such as SAP, Barclays and the Royal Bank of Canada, multinational automobile manufacturers such as Renault and Groupe PSA, and industry disruptors such as Jio use Solace’s event broker technologies to modernize legacy applications, deploy modern microservices, and build an event mesh to support their hybrid cloud, multi-cloud and IoT architectures.

Learn more at solace.com.

Media Contacts
RICE for Solace
solace@ricecomms.com
+65 3157 5685

Logo – https://mma.prnasia.com/media2/1142738/Solace_Logo.jpg?p=medium600  

Related Links :

https://solace.com/

9-19 Poster

Infinitus Invites Everyone to Participate in the Yearly 9-19 Infinitus Global Walking Day

GUANGZHOU, China, Sept. 17, 2020 /PRNewswire/ — Infinitus and the China Association of Chinese Medicine are once again, jointly organizing the yearly autumn event: 919 Infinitus Global Walking Day in this September.

Health has become a hot topic that cannot be avoided in 2020. The pandemic has taught us a hard lesson:

Health is crucial. People can accumulate their wealth or find a new job any time, but they only live once.

Immunity is crucial, because immunity is the most powerful guardian of everyone’s health. It is the best defense against viruses.

How can people effectively strengthen their immunity? Experts have suggested the best way of doing so is to develop a persistently healthy lifestyle. Follow Infinitus’ “Four Habits” to meet health criteria in the aspects of diet, rest, exercise and emotion.

Among all fitness exercises that can be easily accessed in everyday life, walking is without a doubt, the most affordable and easiest sport that is suitable for various age groups.

In light of this, below are the event highlights of this year.

9-19 Poster
9-19 Poster

Global Participation

Different from previous years, the event scope of the Walking Day has expanded this year. The event will be broadcasted online globally, inviting everyone who loves to walk in Mainland China, Hong Kong (China), Taiwan (China), Malaysia, Canada, Thailand, the Philippines, Kazakhstan and Korea to participate together.

Joint Philanthropy

The focus of this year’s event will continue to be public welfare. The China Youth Development Foundation is the charity partner in this event. Any participant who reaches the 10,000-step target at the event on 19 September will contribute to the programme they developed: Infinitus Happy Football Programme. Based on the total number of steps, Infinitus and its partner, 10,000-Step Walking Club, will jointly donate goods to support the development of football programmes for teenagers in impoverished rural areas in China. Every step is meaningful. You are not only doing exercise but also contributing and making a difference to the charity.

Contact us and “Like” Infinitus Facebook Fan Pages for more details.

Infinitus Global: @InfinitusGlobal
Infinitus Hong Kong: @InfinitusHongKong
Infinitus Taiwan: @Infinitus.Taiwan
Infinitus Malaysia: @InfinitusIntl
Infinitus Singapore: @infinitussingapore
Infinitus Thailand: @InfinitusThailand
Infinitus Philippines: @infinitusphilippines
Infinitus Canada: @InfinitusInnovationsCanada
Infinitus Kazakhstan’s Hotline: 77273122347
Infinitus Korea’s Hotline: 00798142030198
Infinitus Australia’s Hotline: (61)180083082

Photo – https://photos.prnasia.com/prnh/20200916/2919120-1?lang=0

 

The diversified exhibition areas of World Winter Sports (Beijing) Expo 2020 brings a Frozen Experience

BEIJING, Sept. 17, 2020 /PRNewswire/ — In this September of the golden autumn, it was possible to sample the spells of ice and snow in advance, to understand the most advanced culture and technology of ice and snow and of course, to start a different “Frozen” experience. On September 5, the World Winter Sports (Beijing) Expo 2020 (“WWSE”), sponsored by the International Data Group, opened at the China National Convention Center in Beijing. More than 500 Chinese and foreign brands came with demonstrations of ice and snow achievements in technologies, equipment, winter tourism, talent development and so forth, enabling visitors to get closer to the power of ice and snow.

As the world’s top expo of ice and snow, this edition of WWSE has attracted nearly 20 winter sports powers such as Austria, Norway, France, Japan, Italy, Finland, Iceland, Slovenia, Germany, the United States, and the Czech Republic, with the international brands accounting for more than 60%. In this event, exhibition areas are set in both the China National Convention Center exhibition hall and the outdoor exhibition hall on the south side of the Linglong Tower. Specifically, the China National Convention Center has provided the exhibition areas for the Winter Olympics theme and international organizations, world-famous ice and snow brands, world trade in ice and snow services, ice and snow technology, and ice and snow equipment. On the south side of the Linglong Tower there are dozens of exhibition areas for Winter Olympics theme, ski resorts operation and venue construction, outdoor equipment, indoor ice and snow technology, winter tourism destinations and provincial and municipal pavilions, ice and snow culture training, ice and snow innovation and entrepreneurship, ice and snow carnival, and ice and snow media alliance, as well as for public arena promotion, business negotiation, and buyer service and other features or special functions. There were an endless flow of visitors getting up close and queuing for experience, and in a word, they have indulged themselves in this special “feast of ice and snow”.

During the expo, the Chinese Olympic Committee used graphic and textual introductions, promotional videos, well-known athletes’ performances and interactions in the Olympic theme exhibition area, to give the visitors a better understanding of China’s ice and snow sports and the national teams’ preparation for competitions. Besides, it held interactive activities such as figure skating, curling, and ice hockey, which attracted quite a lot of visitors. The Shougang booth showed the demonstrative screens for ski jumping, full-sense VR curling, street dance, instructor robots, guide robots, bicycles and others, when visitors were completely immersed in them.

In the Shijingshan booth, curling, skiing, and real ice rink performances and shows and other activities allowed the visitors to experience the joy of winter ice and snow sports at close range. The publicity section for main screen + hanging ice screen featured the use of the unique material of the ice screen and multi-screen interactive effects to create unique scenarios of publicity and display for attracting the public’s attention. In the “technology + ice and snow” experience zone, AR and VR technologies allowed more people to participate in the futuristic experience activities of ice and snow sports. The “snowflake knot button” in the exhibition area of “Intangible Cultural Heritage + Ice and Snow of Winter Olympics” had astonished countless visitors due to the 360-degree rotating booth design.

Among the national pavilions, the Austrian pavilion focused on introducing its many well-known ice and snow brands, innovation services and innovated technologies. For example, Snow51 brought a mobile foldable ski simulator-the “Transformer” on the playground, and accordingly, professional coaches prepared helmets, snow boots, snowboards, protective gear and other equipment in advance, so that visitors may also benefit from coaches who personally demonstrated standard movements. Doppelmayr came with a new-generation D-Line ropeway, with the cabin encompassing lighting, charging, seat heating, air conditioning, information services, video intercom and other functions. The Italian TechnoAlpin booth brought a special equipment model for the 2022 Beijing Winter Olympics – TechnoAlpin fan guns and snow cannons used for snow-making in competitions. Visitor may fully understand the cutting-edge products and technologies of ice and snow, and of course, feel the fascinating aspect of this power of ice and snow. The Japanese pavilion mainly shared with visitors the rich, diverse winter tourism resources. Moreover, various featured activities were held, such as the “Winter Japan” riddle contest, lucky draw for Japanese specialties, clay crafting experience and kimono souvenir photos, each being a definite appeal to visitors.

The exhibition area of the “Ice and Snow Carnival” attracted many enthusiasts of ice and snow. Visitors could sample the joy of skating at the real ice rink, experience interesting curling interactions, and have fun with mobile polar ice and snow. Apart from this, visitors may easily get the winter outdoor gear they would need at an affordable price, in the “Winter Sports and Outdoor Equipment Show”. In the show, visitors also enjoyed a fashion feast of ice and snow, jointly created by ice and snow celebrities, designers, and models, and on the other hand, they experienced programs and special activities of various sorts, in this enjoyable event of ice and snow.

In the theme exhibition area of “Winter Tourism Destinations and Provincial and Municipal Pavilions”, the Jilin City booth attracted a large number of visitors through VR technology, so that they could enjoy skiing in “Jilin BDH”. The instructors wore ethnic costumes that were strikingly refreshing to eyes. Changbai Mountain booth had the VR hot air balloon experience program called “360° Flying over Changbai Mountain”, a program in which visitors were enthusiastically involved. The immersive large screen of the booth also enabled visitors to experience alpine skiing from the first perspective. This attracted a large number of visitors who paused and viewed. Besides, the Altay booth demonstrated local multi-functional ski resort resources at multiple levels, signifying the diverse features of Chinese ice and snow cities.

In addition, the International Data Group announced the final selection results of its “World Winter Sports Top Brands – TOP 10 SKI RESORTS” at the expo, the following brands were seen on the list, including the Wanlong Paradise Resort, Lake Songhua Resort, Thaiwoo Ski Resort, Genting Resort Secret Garden, BDH Ski Resort, Yabuli Sun Mountain Ski Resort, Changbaishan Ski Resort, Silk Road International Ski Resort, Fulong Ski Park, and Altay Jiangjunshan Mountain Ski Resort.

The 2020 WWSE is accessed through both “online + offline” modes. For online mode, there will be live broadcast, 3D booth, 2.5D booth, stereo stand and graphic and textual 2D forms, all of which are linked to become an online exchange and trade platform for the ice and snow industry, across the global and in all weathers. This platform provides online promotions, resource connections, online negotiation and other services to international organizations, winter sports powers, well-known brands, startup companies, purchasers, investors and partners. As a result, viewers may feast their eyes with the passion of the event, and there is no need for leaving home.

This edition of WWSE is said to remain until September 9. For those who are interested in this event, please immediately come to the venue soon or view the event via the Cloud WWSE, the official website, the WeChat public account, and the online CIFTIS platform. For more information about WWSE, please visit http://www.wwse2022.com/ or follow the WeChat public account “World Winter Sports (Beijing) Expo”.

 

Tycoons and celebrities flock to World Winter Sports (Beijing) Expo 2020 as forums are held to discuss new trend of ice and snow industry

BEIJING, Sept. 16, 2020 /PRNewswire/ — From September 5 to 9, the World Winter Sports (Beijing) Expo 2020 (“WWSE”), co-sponsored by the Beijing Olympic City Development Association and the International Data Group, was held at the China National Convention Center in Beijing. This edition of WWSE continued to be themed on the “Power of Ice and Snow”, for the purpose of “Connecting with international winter sports resources to urge the development of China’s ice and snow industry”. In addition to a rich combination of exhibition areas and shows, industrial connections and relevant activities, some 20 high-caliber forums and promotions were conducted, when nearly 200 guests from 20 countries came to have deep discussions and exchanges in terms of the trend of world winter sports industry, the preparations and construction for the Winter Olympics, Ice and Snow Popularization for Teenagers and other important topics.

On the afternoon of September 5, at the Grand Ballroom C on the first floor of the China National Convention Center, Mr. Liu Jingmin, Executive Vice President of the Beijing Olympic City Development Association, presided over the Opening Ceremony and Main Conference of the 2020 World Winter Sports (Beijing) Expo and extended a warm welcome to the Chinese and foreign guests attending the conference. Mr. Li Yingchuan, Deputy Director General and member of the Party Leadership Group of the General Administration of Sport of China, Vice President of the Chinese Olympic Committee, Mr. Zhang Jiandong, Vice Mayor of Beijing, Executive Vice President of the Beijing Organising Committee for the 2022 Olympic and Paralympic Winter Games, Vice President of the Beijing Olympic City Development Association, Dr. Friedrich Stift, Austrian Ambassador to China and other guests attended the conference and delivered important speeches; Mr. Thomas Bach, President of the International Olympic Committee and other guests sent their blessings, and brought messages and speeches in videos. In addition, a number of distinguished guests from home and abroad also held a round-table dialogue on the current situation and trends of the world ice and snow industry, with the theme of “Ways to Develop the Ice and Snow Industry”.

The Opening Ceremony and Main Conference of the World Winter Sports (Beijing) Expo 2020

The main conference lasted till the morning of September 6. At the same time, many parallel forums and promotions were conducted from June 6 to 7, when government leaders, industry experts and elites from the International Olympic Committee (IOC), International Olympic Winter Sports Federations, the United Nations and the major winter sports powers had interactions and exchanges of ideas in the fields of the Winter Olympics science and technology, the Olympic city development, ice and snow equipment, winter sports talent development, ski resorts operation and management, venue design and construction, ice and snow tourism and so on.

The convening of WWSE is not only a solemn commitment made by Beijing to the international community when bidding for the 2020 Beijing Olympics; it is more of an important measure intended to promote the Olympic spirit and facilitate the preparation and organization of the upcoming Winter Olympics in Beijing. The year 2020 happened to be the 5th anniversary for the WWSE. As an exchange and development platform for the global ice and snow industry, this edition of WWSE set two modules, the “Olympic City Development Forum” and the “Winter Olympics Science and Technology Forum”, in order to fully showcase the latest preparatory achievements for the Beijing Winter Olympics, to discuss the opportunities and urban development at home and abroad, and to facilitate the construction of the high-tech Winter Olympics. In the “Olympic City Development Forum”, a lot of government and organization officials, Olympic city officials, Winter Olympics planners, designers, and operation management experts of Winter Olympics from home and abroad, participated in summit dialogues and exchanges from a multitude of dimensions, such as the Winter Olympics opportunities and urban development, the city planning and post-game venue utilization, and international cooperation and exchanges in the Winter Olympics, bringing valuable references for the preparations for the Beijing Winter Olympics. At the “Winter Olympics Science and Technology Forum”, guests gave suggestions on scientific competitions, sports training and competitions, safety assurance, smart watching, and comprehensive demonstration of green wisdom and other aspects. In that case, global emerging ice and snow technologies and concepts are integrated so that technological innovation is able to facilitate the preparations for the 2022 Winter Olympics.

Winter Olympics Science and Technology Forum

Youths are the major force of China’s ice and snow sports. The key of building a major power of sports lies in the cultivation of youths’ interest and love for ice and snow sports, and the better popularization and development of such sports. This edition of WWSE set the “Winter Sports Talent Development Forum” and the “Forum on Ice and Snow Popularization for Teenagers”, with a view to popularizing the Winter Sports Talent Development on a full scale, spreading the ice and snow culture and growing more talents of ice and snow. In the “Winter Sports Talent Development Forum”, leaders of the General Administration of Sport of China, presidents of sports colleges and universities, ski resort operators and high-end talents jointly discussed the solution for cultivating Chinese talents of winter sports. In the “Forum on Ice and Snow Popularization for Teenagers”, Chinese and foreign youth training experts discussed the difficulties encountered in the popularization among Chinese teenagers, in bids to find a distinctive path suitable for the development of Chinese ice and snow sports.

Winter Sports Talent Development Forum

The upcoming Winter Olympics gives huge thrust to the development of winter ice and snow sports, while the ice & snow tourism has become the main means of popularizing the public ice and snow sports. On the afternoon of September 7, the “International Ice & Snow Tourism Development Forum” was held, when the important political leaders of major powers of ice and snow, and leaders and tourism practitioners of Chinese regions with rich ice & snow resources expressed their respective views on “how to activate the tourism market in the post-epidemic era” and the “developmental trend of ice & snow tourism”.

International Ice & Snow Tourism Development Forum

The fast-developing ice and snow sports in China make the design and operation of sports venues a hot topic in the ice and snow sector. In the “Venue Design and Construction Forum”, quite a few industry elites came in person and proposed some new measures for the design and operation of venues in the new environment, thereby working out an all-inclusive blueprint for the development of the industry.

Venue Design and Construction Forum

As the Winter Olympics enters “the Beijing Cycle”, the Chinese skiing industry is embracing a period of rapid growth. The crucial role of ski resorts and facilities has increasingly loomed up. In order to respond to the changes brought about by the rapid development, the WWSE held a parallel forum called “Ski Resorts Operation and Management Forum” on the afternoon of September 7, when globally first-class operators got together to share their opinions and exchange their experience. With the market at core, these operators have been revolutionizing the operation philosophy to bring more insights for those working for the ice and snow industry.

Ski Resorts Operation and Management Forum

Besides, another highlight of this edition of WWSE is the “Cloud Live Broadcast”. Nearly 20 conferences and promotions could be directly viewed at the Cloud WWSE, the WeChat public account and the online CIFTIS platform and other cloud platforms. In that case, it was indeed convenient for visitors to have a real-time understanding of the frontier information, expert viewpoints and to have in-depth discussions of the issues existing in the ice and snow industry.

Unlike previous years, this WWSE was first held together with the China International Fair for Trade in Services (CIFTIS) in the form of a special exhibition of the CIFTIS, opening a new chapter in the development of the WWSE. As one of China’s three exhibition platforms for opening up, CIFTIS has become the world’s first general exhibition for trade in services. The merger of the WWSE and the CIFTIS has achieved the effective integration of two world-class brand exhibition resources, providing a tremendous opportunity for the international development of China’s ice and snow industry. For more information about WWSE, please visit http://www.wwse2022.com/ or follow the WeChat public account “World Winter Sports (Beijing) Expo”.

 

Energy Transitions Commission: Global Energy, Industry and Financial Leaders Outline Next Decade Priorities for a Net-Zero-Carbon Economy

A year before COP26, new report from Energy Transitions Commission highlights actions required by 2030 to achieve zero-carbon economy by mid-century

LONDON, Sept. 16, 2020 /PRNewswire/ — A coalition of 45 leaders from global energy producers, energy-intensive industries, financial institutions and environmental advocates – including ArcelorMittal, Bank of America, BP, Development Research Center of the State Council of China, EBRD, HSBC, Iberdrola, Ørsted, Shell, Sinopec Capital, Tata Group, Volvo Group and the World Resources Institute among others – argues in this report that the world can and must achieve net zero greenhouse gas emissions by mid-century, and that in the long term “zero must mean zero”, with no permanent rather than transitional reliance on negative emissions to balance continued large-scale emissions from the energy system and industry. It also lays out steps needed in the next decade to achieve that objective.    

 

 

In its new report Making Mission Possible – Delivering A Net-Zero Economy, the Energy Transitions Commission (ETC) shows that clean electrification must be the primary route to decarbonisation: it highlights that dramatic falls in cost of renewable energy make this easily affordable and argues that all growth in electricity supply should now come from zero-carbon sources with no need to build any new coal-fired power capacity to support economic growth and rising living standards.

The report demonstrates that it is technically and economically possible to have a carbon-free economy by around mid-century at a total cost of less than 0.5% of global GDP by taking three overarching steps:

  • Using less energy while improving living standards in developing economies, by achieving dramatic improvements in energy efficiency and shifting to a circular economy;
  • Scaling up clean energy provision by building massive generation capacities of cheap clean power, at a pace five to six times higher than today, as well as expanding other zero-carbon energy sources such as hydrogen;
  • Using clean energy across all sectors of the economy by electrifying many applications in buildings, transport and industry, and deploying new technologies and processes using hydrogen, sustainable biomass or carbon capture in sectors that cannot be electrified, like heavy industry or long-distance shipping and aviation.

The signatories acknowledge that this report is published in “an unprecedented context”. They argue that the COVID-19 pandemic has demonstrated the unpreparedness of the global economy to systemic risks and that the massive public spending now being dedicated to stimulating economic recovery constitutes a unique opportunity to invest in a more resilient economy.

The ETC estimates that additional investments required to achieve those goals will be in the order of US$1 trillion to US$2 trillion per year, equivalent to 1% to 1.5% of global GDP. This represents only a small increase of global investments which currently amount to about a quarter of global GDP, and would contribute to global economic growth.

There is no doubt that it is technically and economically possible to reach the zero-carbon economy which we need by 2050; and zero must mean zero, not a plan which relies on the permanent and large-scale use of “offsets” to balance continued GHG emissions. But action in the next decade is crucial – otherwise it will be too late.”, ETC Co-Chair Adair Turner said.  

Fellow ETC Co-Chair Ajay Mathur added, In India as in many countries, climate change is already impacting people and disrupting the economy. Governments from developed and developing countries will find in this blueprint practical recommendations on how to enhance their national strategies and ramp-up their commitments as part of the Paris agreement.”

The report outlines 3 critical priorities for the 2020s and practical actions that nations and non-state parties can commit to in the run up to the COP26 United Nations Framework Convention on Climate Change in November 2021 to put mid-century objectives within reach.

  1. Speed up the deployment of proven zero-carbon solutions – governments, investors and corporates need to work hand-in- hand to build up massive capacities of zero-carbon power generation to enable the clean electrification of the economy.
  2. Create the right policy and investment environment – by removing fossil fuel subsidies, increasing carbon prices and combining them with border carbon adjustments in the absence of an internationally-agreed carbon price, putting in place regulations – like fuel mandates or lifecycle emissions standards for manufactured products – that create additional incentives for decarbonisation where price signals are insufficient, and working with financial institutions to channel investment not only to green activities but also to energy-intensive industries making their transition.
  3. Bring the next wave of zero-carbon technologies for harder-to-abate sectors to market – so they can be deployed in the 2030s and 2040s, by focusing public and private R&D on – critical technologies (like hydrogen, sustainable fuels or carbon capture), creating demand for new green products and services (through “green buyers’ clubs, public procurement, and product regulations), and financing the first commercial-scale pilots through smart use of de-risking public funds alongside private capital.

The ETC’s blueprint is intended to allow all developed economies to reach net-zero emissions by 2050 at the latest, including China which has the resources and technology leadership to become a rich developed zero-carbon economy by 2050. All developing nations would be able to reach net-zero emissions by 2060 at the latest, but require development finance to de-risk and attract private green investment.

The report integrates findings from ETC’s landmark 2018 Mission Possible report and subsequent region-specific studies with updated analysis to reflect the latest trends in the readiness and cost of key emission-reducing technologies.

For link to the report please visit www.energy-transitions.org/publications/making-mission-possible

ETC Commissioners:

Mr. Marco Alvera, Chief Executive Officer – SNAM

Mr. Thomas Thune Anderson, Chairman of the Board – Ørsted

Mr. Brian Aranha, Executive Vice-President: Head of strategy, CTO, R&D, CCM, Global Automotive, Communications and Corporate Responsibility – ArcelorMittal

Lord Gregory Barker, Executive Chairman – EN+

Mr. Pierre-André de Chalendar, Chairman and Chief Executive Officer – Saint Gobain

Ms. Marisa Drew, Chief Sustainability Officer & Global Head Sustainability Strategy, Advisory and Finance – Credit Suisse

Mr. Dominic Emery, Chief of Staff – BP

Mr. Stephen Fitzpatrick, Founder – Ovo Energy

Mr. Will Gardiner, Chief Executive Officer – DRAX

Mr. John Holland-Kaye, Chief Executive Officer – Heathrow Airport

Mr. Chad Holliday, Chairman – Royal Dutch Shell

Mr. Timothy Jarratt, Chief of Staff – National Grid

Mr. Hubert Keller, Managing Partner – Lombard Odier

Ms. Zoe Knight, Managing Director and Group Head of the HSBC Centre of Sustainable Finance – HSBC

Mr. Jules Kortenhorst, Chief Executive Officer – Rocky Mountain Institute

Mr. Mark Laabs, Managing Director – Modern Energy

Mr. Richard Lancaster, Chief Executive Officer – CLP

Mr. Li Zheng, Executive Vice President – Institute of Climate Change and Sustainable Development, Tsinghua University

Mr. Martin Lindqvist, Chief Executive Officer – SSAB

Mr. Auke Lont, Chief Executive Officer and President – Statnett

Mr. Johan Lundén, SVP Head of Project and Product Strategy Office – Volvo Group

Dr. Ajay Mathur, Director General – The Energy and Resources Institute; Co-Chair – Energy Transitions Commission

Dr. María Mendiluce, Chief Executive Officer – We Mean Business

Mr. Jon Moore, Chief Executive Officer – BloombergNEF

Mr. Julian Mylchreest, Managing Director, Global Co-Head of Natural Resources (Energy, Power & Mining) – Bank of America

Ms. Damilola Ogunbiyi, Chief Executive Officer – Sustainable Energy For All

Ms. Nandita Parshad, Managing Director, Sustainable Infrastructure Group – EBRD

Mr. Andreas Regnell, Senior Vice President Strategic Development – Vattenfall

Mr. Carlos Sallé, Senior Vice President of Energy Policies and Climate Change – Iberdrola

Mr. Siddharth Sharma, Group Chief Sustainability Officer – Tata Sons Private Limited

Mr. Ian Simm, Founder and Chief Executive Officer – Impax

Mr. Mahendra Singhi, Managing Director and Chief Executive Officer – Dalmia Cement (Bharat) Limited

Dr. Andrew Steer, President and Chief Executive Officer – World Resources Institute

Lord Nicholas Stern, IG Patel Professor of Economics and Government – Grantham Institute – LSE

Dr. Günther Thallinger, Member of the Board of Management – Allianz

Mr. Simon Thompson, Chairman – Rio Tinto

Dr. Robert Trezona, Head of Cleantech – IP Group

Mr. Jean-Pascal Tricoire, Chairman and Chief Executive Officer – Schneider Electric

Ms. Laurence Tubiana, Chief Executive Officer – European Climate Foundation

Lord Adair Turner, Co-Chair – Energy Transitions Commission

Mr. Huang Wensheng, Chairman of the Board – Sinopec Capital

Senator Timothy E. Wirth, President Emeritus – United Nations Foundation

Mr. Zhang Lei, Chief Executive Officer – Envision Group

Dr. Zhao Changwen, Director General Industrial Economy – Development Research Center of the State Council

Ms. Cathy Zoi, President – EVgo

About the Energy Transitions Commission

The Energy Transitions Commission (ETC) is a global coalition of leaders from across the energy landscape committed to achieving net-zero emissions by mid-century, in line with the Paris climate objective of limiting global warming to well below 2°C and ideally to 1.5°C. Our commissioners come from a range of organisations – energy producers, energy-intensive industries, technology providers, finance players and environmental NGOs – which operate across developed and developing countries and play different roles in the energy transition. This diversity of viewpoints informs our work: our analyses are developed with a systems perspective through extensive exchanges with experts and practitioners.

The Making Mission Possible report was developed by the Commissioners with the support of the ETC Secretariat, provided by SYSTEMIQ. It brings together and builds on past ETC publications, developed in close consultation with hundreds of experts from companies, industry initiatives, international organisations, non-governmental organisations and academia.

The report draws upon analyses carried out by Climate Policy Initiative, Copenhagen Economics, Material Economics, McKinsey & Company, Rocky Mountain Institute, The Energy and Resources Institute, University Maritime Advisory Services, Vivid Economics and SYSTEMIQ for and in partnership with the ETC, as well as a broader literature review. We reference in particular analyses from the International Energy Agency and BloombergNEF.

This report constitutes a collective view of the Energy Transitions Commission. Members of the ETC endorse the general thrust of the arguments made in this report but should not be taken as agreeing with every finding or recommendation. The institutions with which the Commissioners are affiliated have not been asked to formally endorse the report.

For further information please visit the ETC website at www.energy-transitions.org

Quotes from our Commissioners:

Dominic Emery, Chief of Staff – BP

This new report from the ETC shows that the shift to a net zero economy by 2050 is both technologically possible and economically vital as societies look to build back better from the pandemic.  Reimagining the energy system for a zero carbon future is central to almost every aspect of this shift, which is why at bp we are transforming our business, aiming to increase renewable energy generating capacity 20-fold by 2030 and reduce oil and gas production by 40% over the next decade. Corporate action matched by policy leadership will be key, if society is to drive transition at the pace required by the science”.

Stephen Fitzpatrick, Founder – Ovo Energy

“The transition to a zero-carbon society offers an enormous opportunity to revitalise the global economy, improve air quality and raise living standards. Making Mission Possible provides a clear and practical blueprint for the delivery of a clean energy future, not least through the implementation of renewable electricity generation worldwide and the wholesale electrification of transportation and heating; all underpinned by an intelligent digital energy infrastructure”.

John Holland-Kaye, Chief Executive Officer – Heathrow

“In tackling the climate crisis, carbon is our shared enemy. At a time that we are feeling the impact of constraints to our mobility it is encouraging that we are working together to make decarbonising aviation a reality.  We urgently support the development of sustainable aviation fuels – it will enable our industry to take action now to achieve Net Zero. Now is the time to turn ideas into action and preserve the benefits of aviation in a world without carbon so that future generations can enjoy what we have now”.

Ian Simm, Founder and Chief Executive Officer – IMPAX Investment

“As this report makes clear, it is possible to achieve a net zero economy in the developed world by 2050, but it will require significant and targeted investment into clean energy.  Making Mission Possible highlights how the investment community will benefit from a successful energy transition, but in order to do so, we need to move at speed and at scale.”

Thomas Thune Anderson, Chairman of the Board – Ørsted 

“Renewable energy is fundamental to delivering a net-zero economy by 2050. The ETC report provides a blueprint for a green economy and calls for global leaders to take action in the next decade. And everyone needs to act to help create a world that runs entirely on green energy”.

Full list of Commissioner and supporter quotes can be found here.

MEDIA CONTACTS

UK
Caroline Randle, Energy Transitions Commission – caroline.randle@systemiq.earth   
+44 7796140461

Logo – https://mma.prnasia.com/media2/1275002/Energy_Transitions_Commission_Logo.jpg?p=medium600

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