London, UK – With increased adoption of artificial intelligence (AI) and machine learning (ML) to solve different industrial processes, the field of AI and ML is certainly the future of human existence. In a bid to close the existing gap and revolutionize the present-day AI space, the team behind WitLink has introduced its decentralized marketplace to the benefit of AI enthusiasts.

WitLink is a project geared towards giving AI enthusiasts, including students, trainers, professionals, enterprises, and AI experts the opportunity to profit from the artificial intelligence and machine learning space.

WAI Token

WAI is an ERC-compliant token and the native token of the WitLink project. The WAI token can be used for different purposes on the WitLink network, including to offer projects, purchase computing resources, and reward payouts for computing resources.

Additionally, POS token holders will be rewarded with the WAI token for their activities on the WitLink platform. Plus, the token can be used to pay platform fees and other goods and services.

On-going presale!

WitLink continues to present opportunities and that through the on-going Presale. With the Soft-Cap achieved, now it eyes the hard-cap!

WAI token is available to be purchased through BTC, ETH, BCH, and USDT. The price of 1 WAI token is 0.15 USD. And the listing price is confirmed at $0.25!

https://witlink.ai/dashboard/user/contribute

In the first phase tokens will be sold with a bonus of 1% in the purchase and referral bonus of 3%. The second phase a bonus of 0.5% in the purchase and referral bonus of 2%. The third and last phase with a bonus of 0.25% in the purchase and referral bonus of 1%.

Minimum token purchase of $1000 applies to receive bonus in the purchase.

About WitLink

WitLink is a blockchain-powered marketplace for everything Artificial Intelligence and Machine Learning. The intention of the project is to bridge the existing which technology firms face while accessing artificial intelligence and machine learning experts.

WitLink accommodates a wide range of AI enthusiasts, including AI experts, students, AI service providers, enterprises, as well as, AI trainers. WitLink parades a team of experienced AI and ML experts who understands the blockchain ecosystem and how to use data to achieve automation. The team is also proficient in using artificial intelligence and machine learning to solve the challenges of mankind.

Social links
Twitter: https://twitter.com/WitLink
Telegram: https://t.me/WitLinkcom
LinkedIn: www.linkedin.com/company/witlinkai
Instagram: www.instagram.com/witlinkai/
Medium: https://medium.com/@WitLink

Media contact
Company: WitLink
Contact: Aidan Graham
E-mail: Support@witlink.ai
Website: https://www.witlink.ai

SOURCE: WitLink

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SAN JOSE, CA, Mar 29, 2021 – (ACN Newswire) – Diamanti, the company that streamlines Kubernetes applications and data management for global enterprises, today announced that Douzone, a leading information technology and solutions provider in Korea, has selected Diamanti as the infrastructure for its database and software services. With Diamanti, Douzone will complete its essential migration to Kubernetes and containers.

"Legacy infrastructures often lead to low performance and frequent failures, especially when the applications hit peak load with concurrent access by many customers," said Hyun Soo Jung, Managing Director, Douzone. "To improve how Douzone delivers services, we are transforming our infrastructure to bare-metal, increasing cloud performance and enabling software innovation with Kubernetes. Diamanti D20X offers us a scalable, reliable architecture, allowing us to continue providing excellent customer service."

Douzone selected Diamanti's D20X bare-metal, hyperconverged infrastructure. The new environment now includes several nodes, replacing several tens of legacy, VM-based infrastructure. D20X significantly reduces Douzone's data center footprint while improving the performance by more than a factor of 20. The organization runs its MariaDB instances on Diamanti and plans to expand as it migrates additional workloads to support the business services.

"Increased Kubernetes adoption signals that containers are the ideal choice for IT modernizations," said Shankar Sivaprakasam, vice president and general manager for Diamanti's AJP region. "With a successful proof of concept, we are pleased to help Douzone as the organization continues its transformative journey to a cloud-native applications service provider.

Diamanti offers complete full-stack solutions as software only or on x86 hyperconverged hardware. These solutions include:

Diamanti Spektra, the only multi-cloud, multi-cluster Kubernetes management platform for secure multi-tenancy and enables the migration and replication of stateful applications across clusters with Ultima.

Diamanti Ultima, a standalone software product based on Diamanti's Kubernetes data plane management solution. Ultima empowers enterprises to migrate and failover stateful applications between on-premises and cloud clusters while maintaining persistent data. Ultima also lowers the total cost of ownership (TCO) by avoiding or minimizing certain cloud provider charges for backup, data protection, disaster recovery, and multi-zone availability capabilities.

Diamanti Ultima offload with x86 hardware. Offload is a fourth-generation PCIe card that delivers I/O acceleration by offloading network, storage, security and management. This card frees up the host CPU by offloading I/O processing to deliver 10x to 30x performance improvement with low deterministic latency.

About Diamanti

Diamanti is solving the challenge of container-based hybrid clouds with the best enterprise-optimized platform for managing Kubernetes applications and data. Diamanti's Kubernetes platform enables enterprises to adopt and expand Kubernetes on-premises rapidly and in the cloud, with security, high availability, and resilience built-in. Based in San Jose, California, Diamanti is backed by venture investors ClearSky, CRV, Engineering Capital, Goldman Sachs, GSR Ventures, Northgate Capital, Threshold Ventures (formerly DFJ Venture), and Translink Capital. For more information, visit www.diamanti.com or follow @DiamantiCom.

About Douzone

Douzone Bizon is a leading ICT company in Korea, providing ICT solutions and services for companies, institutions and agencies. Douzone provides products and services including accounting programs; ERP; cloud; groupware; information security; electronic tax invoices; mobile solutions; electronic fax and many others.

Press Contact
Laura Finlayson
Communications Director, Diamanti
lfinlayson@diamanti.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Bucharest, Romania, Mar 29, 2021 – (ACN Newswire) – With the growth of blockchain technology and the proliferation of cryptocurrency exchanges, the opportunities which abound in the crypto ecosystem seem not to slow anytime soon. While the crypto ecosystem presents lots of exciting opportunities, businesses and brands can also leverage social media networks to drive sales and improve their revenue. In essence, blockchain technology plus social media networks stimulate business growth.

In view of the traction gained by xHumanity, the team announced the new listing that is on BitMart exchange.

BitMart will list extraDNA (XDNA) on their digital assets platform on March 31, 2021. The following trading pair will be available: XDNA/USDT. Please note the available dates for different functions below:

Schedule for Functions Opening
Deposit feature: 3/30/2021 10:00 AM (EDT)
Trade feature: 3/31/2021 10:00 AM (EDT)
Withdrawal feature: 4/1/2021 10:00 AM (EDT)
https://support.bmx.fund/hc/en-us/articles/1260803847349-BitMart-Lists-extraDNA-XDNA-
Coin Info
Token Name: extraDNA
Token Symbol: XDNA
Token Type: ERC20
Total Supply: 11,000,000,000 XDNA
Circulating Supply: 1,890,741,037 XDNA

Prior to now, xHumanity has already been listed on a number of exchanges, including Probit, EMISWAP, UNISWAP, and PancakeSwap.

In recent times, xHumanity has gained tremendous traction compared to other blockchain-powered projects that started the same time with it.

The mandate of xHumanity is to revolutionize the present day social media landscape. With intend to achieve this by reinventing human values and algorithms to create a better and transparent social community where each member would be able to vote on the direction of the project.

About xHumanity

xHumanity is a blockchain-powered social community developed to empower individuals and businesses to fully take advantage of social media networking. Users on the xHumanity platform can freely air their views, network with like-minded people from across the world, and associate with public figures.

xHumanity directly connects to centralized social networking platforms like Twitter, YouTube, Instagram, Facebook, and LinkedIn. Investors looking for where to earn a decent ROI can farm, lend, and stake their capital to earn xDNA tokens.

Social links
Twitter: https://twitter.com/xHumanity1
Telegram: https://t.me/xHumanity
Linkedin: https://www.linkedin.com/company/xhumanity/
Facebook: https://www.facebook.com/xHumanityofficial
Medium: https://medium.com/@xHumanity

Media contact
Company: xHumanity ltd
Contact: Cosmin Vranceanu
E-mail: contact@xhumanity.org
Website: https://xhumanity.org/
Explorer: https://etherscan.io/token/0x8e57c27761EBBd381b0f9d09Bb92CeB51a358AbB

SOURCE: xHumanity ltd

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Russia, Moscow, Mar 23, 2021 – (ACN Newswire) – FXList always known for comprehensive guidance, now set to move to another level altogether, with more in-depth tools and parameters for judgment, it is opening doors for everyone.

Forex or foreign exchange is the buying and selling of one or more national currencies for profit. The FX market, on average, generates more than $5 trillion on a daily basis. While both buyers and sellers can meet over the counter to facilitate trades, electronic platforms have also made it possible for traders that are internet-savvy.

The narrative of the past was that only financial institutions and institutional traders were actively involved in forex trading, but today, millions of traders now access the FX market without any impediment.

To access the forex market, a forex broker is required and helps to facilitate the entrance into the market. Choosing a reliable forex broker can be a headache. However, with covering areas like the broker’s regulation, payment methods, asset classes, and trading platform, it would be one step away from choosing the best online trader.

It can be challenging to review each broker. To save the time and stress, the team behind FXList presents an effective and efficient way of identifying a reputable online broker at a glance.

About FXList

FXList is a platform that features all the best brokers that the forex market has to offer. Whether it’s to find a broker with a competent team or seeking a broker that will share trade suggestions, it can be found at the FX list.

FXList has a dedicated team that leaves no stone unturned. With usage of certain yardsticks to test the efficiency and effectiveness of each broker. The brokers featured on the website have all passed the test.

How FXList Judges?

Find below some of the reasons why FXList shines over other platforms in the same niche:

Test Yardstick: The team at FXList uses certain yardsticks to measure the effectiveness of all brokers listed on their platform. They test for ease of deposit, customer support, trading platforms, ease of withdrawal, and regulation. FXList also tests for reliability and reputation.

Competent Team: FXList parades a team of experienced and knowledgeable forex experts who understands what it takes to operate a forex broker platform.

Accuracy: All the forex brokers listed on the FXList platform have all been tested and have proven to be accurate.

Right from the landing page, there is easy route to see the list of the best forex brokers and begin the journey in the Forex world.

Social links
Facebook: https://fb.me/myfxlist
Twitter: https://twitter.com/list_fx
YouTube: https://www.youtube.com/watch?v=yH0btE2qftEa

Media contact
Company: FXList
Contact: Kailzer
Email: support@fx-list.com
Website: https://fx-list.com/

SOURCE: FXList

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

NFT gamification startup Ether Cards is launching on March 18, 2021

Ether Cards’ main sale will be commencing, providing the general public an opportunity to buy into the future of NFT gamification and value generation at 9AM EST, on March 18.

This date marks the start of a long and exciting journey, initiating with the release of 10,000 exclusive NFTs that make up the Ether Cards limited-edition collection.

Approximately 17% of the cards were sold in presale raising $3.7 million in ETH. The remaining cards will be available over the next three weeks, or until sold out. Prices start at 0.3 for Common cards increasing all the way to the top of the price bracket for OG cards, valued up to 55 ETH.

The cards will offer two primary benefits: First, they will feature art from a range of emerging and renown artists alike, including Ethereum founding member Anthony D’Onofrio and a range of creatives who have previously worked with many giants of the entertainment world such as Sony Studios, Marvel, and Netflix. Their craft will be available both as individual, standalone artworks and combined in layers through the innovative use of ‘Accidental Art’. Second, they’ll be equipped with Traits, special abilities and advantages that each card will bring to their owner.

These Traits range in rarity and entitlements, from basic Traits granting discounts when hosting a certain event, to super rare ones which entitle their holder to access a bountiful treasury. These limited-edition cards also never expire and will only ever be available during this sale event.

You’ll be able to put the cards and their Traits to use on the Ether Cards platform, which will offer the most advanced gamification offering available on the NFT market, as well as plans to integrate with most major marketplaces such as OpenSeas, Nifty Gateway and Mintbase.

The Ether Cards Platform

The Ether Cards platform will be a set of tools for artists and marketplaces to make their NFTs more engaging and valued. It will enable them to set up ticketing, puzzles, and other single or multiplayer interactions.

Users will be able to engage with their favourite artists and other creators to win NFTs or other valuable prizes. They will participate by collecting tickets and gathering collectables through blind bag purchases to complete puzzles or other challenges.

Tickets, Puzzles and similar events are just the beginning of the exciting revolution Ether Cards wants to bring to the sector. They have another half a dozen new interactive features in the queue waiting to be released. Ether Cards will keep improving and innovating to bring more applications and engagement throughout the wider NFT ecosystem.

The Ether Cards Token

The technology underpinning Ether Cards tokens, in partnership with Chainlink’s VRF will allow projects to use NFTs both as membership cards and as authentication tokens. Ether Cards-enabled NFTs will also be abilitated to hold keys to application features manage subscriptions and collect commissions (yield farming-style).

Ether Cards are not only rare digital collectibles but they also carry real, practical utility and value. The Ether Cards Tokens can be integrated with several decentralized services.

They will:

• Serve as a membership card
• Grant access to features
• Give you privileges and priority access
• Provide access to community airdrops
• Collect commissions for you

What’s next?

Whether it’s working with Chainlink’s VRF to ensure our scarcity and trait distribution are fair and decentralized, or striking a promotional partnership with Brave browser, Ether Cards is keen to be where the future of blockchain is heading.

Cards will be on sale from 9AM on launch day on Thursday, 18th of March and will be priced accordingly to an incremental curve which is publicly available on our Sale Details page. OG Cards will range 30-55 ETH, Alpha cards will go for between 5 and 25 EH, and Commons will be accessible starting from 0.3 ETH all the way to 5 ETH as they get more and more scarce.

Media contact
Brand: Ether Cards
Contact: Andras Kristof; Benjamin Ong
Twitter: https://twitter.com/ether_cards
Instagram: https://instagram.com/ether.cards/
E-mail: andras@ether.cards; ben@ether.cards
Website: https://ether.cards

SOURCE: Ether Cards

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

LONDON, Mar 18, 2021 – (ACN Newswire) – Recently Telewellness has announced a new investment partnership, with the goal of efficiently accelerating action against the COVID-19 pandemic, through mass adoption of trusted and rated COVID technologies.

To make that happen, CPS Health Care and Telewellness UK announced a joint commitment to support an interdisciplinary expert panel, which will rate COVID technologies and reward the best scientists and contributors in this field.

Coronavirus has evolved two separate traits that allow it to spread more easily. Firstly, it infects carriers who don't experience symptoms, who in turn transmit the virus to others. Secondly it mutates, with new strains becoming more dangerous. Vaccines are either less effective or ineffective against some of the new strains.

Everybody with the ability to fight against this disease should act now, whilst scientists remain at the front line of the fight. The company is ready to reward the most active influencers and scientists, through the Lifetime Award Program in which an expert community will rate COVID technologies with the help of a public vote.

In the interest of humanity, the team must take all steps possible to act against the current threat. They are advocating the pooling of resources by experts and influencers, to drive mass adoption of only the most trusted solutions against the disease.

Telewellness UK aims to be a channel for distribution of digital health and other innovative technologies.

About Telewellness & CPS Health Care GmbH

Telewellness is a united global group of influencers and biomedical professionals and they are facilitating a non-profit award program for trusted and innovative COVID technologies.

CPS Health Care GmbH is German company led by a former Ernst &Young partner.

Telewellness UK is a digital health-sharing economy platform, created following the Davos forum in 2020. Telewellness has developed an eco-system for sharing its benefits with members of Healthclub.

Healthclub provides the most innovative and personalized health-span technologies to its subscribers. Its goal is to fund scientific research, to publish the results to its members and to create a freely distributed AI based shield for health and mental wellness.

Lifetime Award goals:

To unite scientists and the public in rating the effectiveness of innovative COVID technologies, they have created the first panel of experts, scientists, social media influencers and thought leaders, and tasked them to rate COVID technologies.

The top scientific breakthrough for 2020 was the understanding of SARS-CoV-2 and how it affects COVID-19 – and then developing multiple vaccines.

Coronavirus separates people, but we should strive to stand united. The most important scientific breakthroughs should be accelerated, and significantly contributing innovators should be rewarded for their efforts.

For reference
Lifetime Award official website: https://www.lifetimeaward.live/
Facebook: https://www.facebook.com/LifetimeTrustnet/
Medium: https://telewellness.medium.com/
Twitter: https://twitter.com/DaysExchange
Linkedin: https://www.linkedin.com/company/telewellness-uk/about/

Media contact
Company: Telewellness Ltd
Contact: Eduard Musinschi
Telephone: +447376116343
Website: http://lifetimeaward.live/

SOURCE: Telewellness Ltd

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

ABU DHABI, UAE, Mar 15, 2021 – (ACN Newswire) – Verofax Limited, an automation and traceability platform, has secured $1.2M in a Seed funding round, led by Trove Capital Limited UK. Other investors included MFD Holding, Kepler Fund Managers, and Casablanca Holding. This funding marks Verofax porting its platform on Microsoft Cloud and its recent Q4 expansion into Asia and Africa.

Established in 2018, Verofax has developed an automation and traceability platform that allows enterprises to prevent counterfeit, improve manufacturers' engagement with consumers, and increase staff productivity with data insights. Verofax offers services such as Item ID serialization, traceability, and transaction certification on private Blockchain with cost and time to market advantage.

Wassim Merheby, CEO and Co-Founder of Verofax, commented on the round, "Counterfeit is exceeding 20% of global trade in some industries and accounts for $1.8T losses to businesses. With retailers and manufacturers adopting traceability and item serialization in their operations, Verofax enables supplier screening, consumer engagement, and inventory optimization.

"US, EU, China, and Russia have already adopted regulations for retailer and E-commerce accountability on fake merchandise sold through their marketplaces. Verofax simply adds certainty in global trade with item digital ID throughout every product lifecycle."

Verofax, which has offices in Abu Dhabi and Kuala Lumpur, will use the funding to serve its pipeline of projects, launch a marketing campaign targeted at food, healthcare, and apparel industries. It is also to hire 20 additional team members, mainly software developers and business development managers.

About Verofax

Verofax Limited is an automation, optimization and validation solutions provider for enterprises and financial institutions with a presence in Asia, the Middle East and Africa. The Verofax platform allows enterprises to share operational datasets with Banks to boost their credit scoring. Verofax has established partnerships with a sustainable retailer in Asia, and set-up JVs in Asia, Africa, and the GCC. The startup has also been approved as a co-sell partner by Microsoft, Oracle, and AntGroup. Please visit www.verofax.com.



Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

KOCO today announced that it has received a seed investment of S$700,000 by an undisclosed family office. This investment comes at an extraordinary time for KOCO as its EdTech services – KOCO Paper and KOCO Schools, are gaining business momentum during this pandemic. KOCO, with operations in both Singapore and Indonesia, has increased its user base to 11,000 in a span of 5 months.

The funding will accelerate KOCO’s growth strategy to meet the rapidly evolving needs in the education ecosystem. KOCO will further invest in identified strategic areas of growth, including its Artificial Intelligence (AI), and interactive end-to-end learning enablement platform for teachers, students, and parents.

Lenie Chow, Founder and CEO said, “Since its founding in March 2020, KOCO will continue to provide increasing value to parents, students and teachers. We have scaled rapidly in Singapore and Indonesia by anticipating and addressing consumer needs with a data-driven strategy underpinned by a talented team. The investments will accelerate the growth plans we have identified as more parents and teachers move towards digital solutions for education.”

KOCO began its expansion into the B2C segment with the launch of KOCO Space in Singapore. KOCO Space is an EdTech platform that aims to help Singapore’s parents with digital tools to browse for assessment books, assign practice worksheets, mark online and reward good progress. There are free learning and teaching content available for parents to use.

Commenting on this launch, Minh Lee, Head of Operations & Customer Success said “We have learnt that the parent journey of helping their child’s academic journey is full of trial and error and inefficiencies. More often than not, the process leads to parents paying more than they should. With KOCO Space, we aim to help resolve these pain points and help parents in a more cost-effective way to help their child’s academic progress – all online, all in one space.”

KOCO’s entry into the B2C segment is a key milestone in the company’s strategic evolution from a B2B LMS to becoming a full suite edtech platform. The edtech sector has seen interest heating up, with people forced to turn to online channels to continue their education due to social distancing measures to stem transmission of the highly contagious COVID-19 virus. According to a report released in November 2020 by internet group Google, Singapore state investor Temasek and U.S. consultancy Bain and Company, COVID-19 has rapidly accelerated the growth of edtech, with installations of the sector’s top applications in the ASEAN region growing three times, from 6 million between January and August 2019 to 20 million in the same period in 2020

KOCO Space works with relevant industry stakeholders, such as Singapore Asia Publishers where consumers can obtain e-assessment books on their platforms. Koco Space will offer annotation tools and children will be able to complete assignments conveniently online.

Lenie Chow adds, “KOCO’s technology uniquely offers a range of smart tools for every step of the child’s learning journey – from browsing learning content, to assigning learning content, and lastly monitoring and rewarding effort. We use KOCO’s proprietary data to constantly monitor child’s progress and aid in the child’s learning journey, making it seamless for the parent.”

About KOCO

KOCO began at the peak of the COVID-19 pandemic. Sensing a new learning normal unfolding, KOCO’s vision to mould tomorrow’s learning community today has seen the company launch 3 products in one year alone. Koco’s fast growing cross-cultural team on a mission to deliver an advanced teaching and learning space that will enable customised teaching, seamless hybrid classrooms as well as a fun, smarter digital learning space.

Media contact
Company: KOCO
Contact: Faizal Abdullah
Email: faizal@koco.com.sg
Website: https://kocopaper.com/

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

On February 9, according to Pingtan Customs, the import and export value of aquatic products, fruits and other agricultural and fishery products in Pingtan in 2020 reached RMB 880 million, ranking the first in Fujian, with a year-on-year growth of 31.52%.

In May 2019, the Experimental Area formulated the Measures on Encouraging the Import of Agricultural and Fishery Products in Taiwan (Trial Implementation); in June, it established an online trading platform for the cross-strait agricultural and fishery products to enable farmers, agricultural and fishery associations and cross-strait trading enterprises in Taiwan to start their one-stop cross-border transactions, with a turnover of over RMB 30 million in one month.

At present, “Three Lines in Parallel” – transport lines from Taipei, Taichung and Kaohsiung to Pingtan have gone into the normal operation; based on the online trading platform for cross-strait agricultural and fishery products, such supporting services as cross-border transactions, purchase and pre-sale of Taiwan-made agricultural and fishery products are provided. The cross-strait shipping, inspection and declaration, cold chain storage, trade arbitration and other supporting services will also be gradually provided in the days to come to create a full chain for such products.

Pingtan is committed to creating a “fast track” for the import and export of agricultural and fishery products. For this reason, Pingtan Customs has launched a series of policies to open up a “green channel” for them to provide “7×24 hours extra work appointment”, and 24h available “online + offline” customs clearance services, and guide enterprises to make use of convenient and rapid customs clearance modes such as “two-step declaration” and “early declaration” to ensure “5+2” whole-week customs clearance and smooth “landing” of agricultural and fishery products.

Early in the outbreak last year, Pingtan Customs took the lead in introducing 15 measures to support enterprises to resume work and production and to exempt consignor and consignee from being present at the examination of goods, establish a “one-to-one” support mechanism of “one policy for one enterprise, and one case for an event”, coordinate in solution to the problems such as misclassification of imported honey tangerine, reduce extended logistics costs, verify declaration of lists, and provide policy consultation and special services during the pandemic.

According to the introduction, Pingtan Customs will fully cooperate with Pingtan Comprehensive Experimental Area to seek for the support to make Pingtan a national cold chain logistics backbone city, promote the construction of the second phase of the Pingtan Haixi Quarantine Center, make agricultural and fishery products industry a stronger and better industry, boost Pingtan to build up into a distribution center for Taiwan agricultural and fishery products into the mainland of China, and promote it to become the “first choice” pilot area for Taiwan people and enterprises.

Media Contact
Lisa Wu
lisa_wu916@163.com
http://www.customs.gov.cn/fuzhou_customs/484123/484124/3545998/index.html

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HONG KONG, Mar 5, 2021 – (ACN Newswire) – CITIC Telecom International Holdings Limited ("CITIC Telecom" or the "Group"; stock code: 1883), a leading international integrated telecommunications and information and communications technologies services provider in Asia, reported profit attributable to equity shareholders of HK$1,023 million for the year ended 31 December 2020, representing a year-on-year increase of 2.1%, or a 4.4% increase if the effect of investment property valuation is excluded.

The Group generated revenue from telecommunications services of HK$7,978 million, representing an approximate 7.9% growth over the corresponding period in the previous year. The Group's total revenue amounted to HK$8,923 million. Basic earnings per share was up 1.5% year-on-year to HK27.9 cents.

The Board has recommended a final dividend of HK16.0 cents per share for 2020. Together with the 2020 interim dividend of HK5.0 cents per share, total dividends per share for 2020 amounted to HK21.0 cents, representing 5.0% growth over the corresponding period in the previous year.

Mr. XIN Yue Jiang, Chairman of CITIC Telecom, said, "The year 2020 has been undoubtedly marked by great challenges, during which the sudden outbreak of COVID-19 devastated economies across the globe, and its unprecedented impact has brought grave difficulties to business operations. Amidst the difficult situation and under the management's leadership, our staff advanced qualitative corporate development in the persistent implementation of the new philosophy for development, while addressing the risks and challenges in a composed and robust manner. The Group was engaged in efforts to continuously improve its service quality and drive up scientific research and new product development, while protecting the health of all of its employees and maintaining the stable operation of our telecommunications network platform, as well as ensuring the uninterrupted provision of our services. The Group reported stability and progress in its overall operations with continuous growth in profit."

The Group has maintained a healthy financial position and a strong cash flow. As at 31 December 2020, the Group recorded cash and bank deposits of approximately HK$1,519 million, which was sufficient to meet its financial obligations and contractual capital commitments in the coming 12 months.

Business Highlights
Enterprise solutions enhanced its market development with better SD-WAN coverage. The Group's enterprise solutions in Mainland China, Hong Kong, Macau and Southeast Asia has achieved sound development. Revenue from enterprise solutions rose by 4.5% year-on-year to HK$3,227 million. The Group continued to deploy PoPs around the world to expand the coverage of the network. The private networks services have expanded to around 150 PoPs in over 130 countries. The Group also continued to keep up with the market and technology development trends, enhanced the level of network intelligence, and expanded the service area with better SD-WAN (software-defined wide-area network) coverage. During the year, the Group's global SD-WAN gateways have increased to 45.

Rising broadband users boosted revenue from internet business. The Group greatly developed the fibre broadband service in Macau, the number of broadband users grew by approximately 1.7% from the corresponding period in the previous year to over 196,200 users, resulting in an increase in revenue from fibre broadband services. Revenue from internet services amounted to HK$1,123 million for the year, representing a year-on-year increase of 5.4%. In addition, the construction of CITIC Telecom Tower Data Centre Phase III (B) progressed smoothly in 2020 and completion and commissioning are scheduled in June 2021.

Companhia de Telecomunicacoes de Macau, S.A.R.L. ("CTM") completed construction of 5G networks in Macau that will contribute to Macau's smart city development. The Group maintained its leading position in Macau with approximately 44.4% market share of Macau's mobile market and around 45.8% market share in the 4G subscribers of Macau's mobile market as at 31 December 2020. However, revenue from mobile services has fallen by 23.0% to HK$957 million compared to the previous year mainly as a result of various lockdown measures ordered by many governments in different countries around the world during the year and this has adversely impacted the Group's revenue from roaming-related services. During the year, the Group overcame difficulties brought about by the pandemic with the use of united efforts and it advanced the construction of the 5G network which was in full swing. Preparation work for the deployment of the 5G SA network was completed at the end of 2020. The Group is working towards providing full coverage of Macau with the 5G SA network by June 2021 and will strive for the commercial launch as soon as possible.

Embark on business innovation, seize market opportunities, International telecommunications services grew rapidly. Revenue from international telecommunications services increased by 39.8% year-on-year to HK$2,481 million. The Group continued to seize new business market opportunities that came about from the increasing demand in corporate messaging based engagement with customers, revenue from messaging services increased by 86.6% to HK$1,258 million from last year. The Group closely followed market changes, consolidated the scale of its international voice services, and recorded revenue growth in voice services.

Development Strategies
Looking ahead in 2021, the world's economy will continue to be subjected to the adverse impacts of the epidemic and other developments. Prospects for economic recovery are less than certain, and this will exert certain pressure on the Group's business development. However, the development and application from a global perspective of information technologies relating to the internet, Internet of Things, 5G, Artificial Intelligence, Cloud Computing, Big Data and others, will continue dominating the scene and offering abundant business opportunities. Pivoting to the latest trends, the Group will enhance technological innovations and new product R&D to advance business development.

The Group will continue to pivot towards the mobile services business and the internet business as the main direction of its development as it seeks further growth in the scale and revenue contribution of the mobile services business, further increase its market share of enterprise services, as well as further consolidate the leading position of its products. Robust measures will be adopted in a bid to sustain the stable development of its current businesses, while its international services will undergo strategic transformation into mobile and internet-based operations to cement its position in the mobile market and further enhance our development standards as an integrated internet-based telecommunications enterprise.

CTM will facilitate its 5G network construction and business development as it anticipates for 5G commercial launch in 2021. The Group will continue to actively participate in Macau's development as a smart city, as it strives to become a prime operator in a smart city and to ensure the provision of superior experience in integrated information services to customers.

The Group will continue to organise construction work with meticulous care as it proceeds to complete CITIC Telecom Tower Data Centre Phase III (B) in a move to bolster the Group's data centre business. It will also plan for the development of other floors in the building as it closely tracks market demands.

In the meantime, the Group will seize the major opportunity for development presented by China's new macro-economic landscape of enhanced internal circulation and dual domestic and international circulation, with a special focus on driving cooperation with advanced technology partners and carrier partners to provide information and communication technology (ICT) services to foreign companies looking to establish their presence in China, especially members of the Global 500, offering assistance in their digital transformation.

The Group will execute plans for the development of the Southeast Asian Company, which include stronger efforts in brand building and the expansion of service categories and business scope, as it strives to develop itself into a one-stop ICT service provider in Southeast Asia to generate a new driving force for the Group's business growth. With the official signing of the Regional Comprehensive Economic Partnership (RCEP) of Southeast Asia, the region is expected to attract further investments from multinational corporations and global pioneers in technology, presenting new opportunities and driving force for our business growth.

Mr. CAI Dawei, Chief Executive Officer of CITIC Telecom, said, "In 2021, the Group will continue driving scientific and technological innovation, and promote the internet-oriented, intelligent and digital transformation of enterprises, persist in its development strategy of expansion and coverage of the international market from its foundation in the Mainland China market, taking Hong Kong and Macau as the base and connection, grasp 5G business development opportunities, greatly expand the integrated information services, resolutely implement new development philosophy and strive for further achievements on the way forward."

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