CWNewsBreaks Archive - Page 15 of 19

ThursdayMay 06, 2021 2:52 pm

ChineseNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Announces $5.66M Registered Direct Offering

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, today announced its entry into a securities purchase agreement with two institutional investors, providing for the purchase and sale of 6,290,000 of its ordinary shares, each at a price of $0.90, in a registered direct offering. Blue Hat expects to secure total gross proceeds of $5,661,000 upon closing of the offering. In addition, the company has agreed to issue to the investors unregistered warrants to purchase up to 4,088,500 ordinary shares in a concurrent…

WednesdayMay 05, 2021 2:30 pm

ChineseNewsBreaks – Infobird Software Co. Ltd.’s (NASDAQ: IFBD) Early Ascent to the Cloud

Infobird’s (NASDAQ: IFBD) founder, chairman and CEO was featured in a recent article discussing his pioneering start in cloud computing. “With a strong background in technology development, Yimin Wu realized the huge potential of cloud computing in early 2004. This was when Skype, a communication software based on VoIP, first became popular across the world. The success of Skype sparked his imagination about the possibilities for an all-software based cloud call center – with zero hardware involved,” the piece reads. “With the idea of combining cloud computing with an all-software call center, Yimin Wu led his team aiming to develop…

WednesdayMay 05, 2021 2:19 pm

ChineseNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Announces Strong Performance Across All Business Segments for Q1 2021

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced its unaudited financial results for the quarter ended March 31, 2021. "We were pleased with the strong performance across all of our business segments, which resulted in phenomenal top line growth driven by US$5.3 million in contributions from our new IDC business and by a US$2.4 million increase in contributions from mobile games following our acquisition of 51% of Csfctech and its two subsidiaries in January 2021," said Xiaodong Chen, CEO of…

WednesdayMay 05, 2021 10:26 am

ChineseNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) Rail Vision Enters Agreement to Supply Proof-of-Concept Prototype

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its affiliate, Rail Vision Ltd., has entered an agreement with Hitachi Rail STS Australia Pty Ltd. to supply equipment, services and personnel to the Australian rail company Rio Tinto Railway Network. Under the agreement, Hitachi Rail STS, the project integrator, will provide Rio Tinto with a prototype of Rail Vision’s Collision Avoidance System to undergo demonstration and feasibility testing for a proof-of-concept project. Project revenue is expected to total $265,000, with an option for Rail Vision to furnish additional services for $133,000. To view…

TuesdayMay 04, 2021 12:46 pm

ChineseNewsBreaks – FingerMotion Inc. (FNGR) Set for ‘Strong Foray’ into Insurtech, Predictive Services

FingerMotion (OTCQX: FNGR) operates primarily in China to deliver mobile tech-related services with an aim to acquire more than a billion customers for its mobile payment, mobile phone recharge platform and insurtech services through a step-by-step developmental strategy. “FingerMotion’s service offerings include telecommunication products and services and SMS and MMS services, the company’s core revenue sources, as well as the rich communication services and big-data insights launching this year,” reads a recent article discussing the company’s positioning. “The big data product has the potential to provide the foundation for the company’s ‘strong foray’ into insurtech offerings as well as predictive…

MondayMay 03, 2021 3:17 pm

ChineseNewsBreaks – Infobird Co. Ltd. (NASDAQ: IFBD) Announces Intent to File Annual Report on Form 20-F

Infobird (NASDAQ: IFBD), a software-as-a-service (“SaaS”) provider of artificial intelligence (“AI”)-powered customer engagement solutions in China, today reported that on or before May 15, 2021, the company intends to file its annual report on Form 20-F with the U.S. Securities and Exchange Commission (“SEC”) for the fiscal year ended Dec. 31, 2020. After the company files the annual report, which will include Infobird’s audited consolidated financial statements, it will be available on the company’s website and through the SEC’s website at www.SEC.gov. To view the full press release, visit https://ibn.fm/0S1SS About Infobird Co. Ltd. Infobird, headquartered in Beijing, China, is a software-as-a-service…

FridayApr 30, 2021 1:09 pm

ChineseNewsBreaks – FingerMotion Inc. (FNGR) Looking to be ‘Most Disruptive Technology in Insurance Today’

FingerMotion (OTCQX: FNGR) has set sights on offering big data insights to other insurance companies in China, following a similar partnership with Pacific Life Re-insurance announced in January. The collaboration, which put FNGR on track to monetize its big data asset, Sapientus, effectively ushered the company into the insuratech industry. With the insurance industry in China expected to grow in the next decade to become the largest suchlike market in the world, FNGR has positioned itself to offer solutions and benefit as a result. A recent article quotes CEO Michael Shen as saying, “We believe other re-insurance companies will look…

FridayApr 30, 2021 11:00 am

ChineseNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Launches AR+ Series Curriculum Through Urban Partnership Model

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced that its subsidiary Fujian Zhongqing Hand in Hand Education Technology Co., Ltd. ("Zhongqing") signed a three-year "Augmented Reality Plus" or "AR+" series curriculum cooperation agreement with qualified "urban partnerships" in five different cities at the recently concluded China Education Equipment Exhibition. The five urban partnership cities are: Quanzhou in Fujian Province, Huizhou in Guangdong Province, Danzhou in Hainan Province, Fuzhou in Jiangxi Province, and Yinchuan in the Ningxia Hui Autonomous Region. "We…

ThursdayApr 29, 2021 12:48 pm

ChineseNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) Rail Vision Files Draft Prospectus for IPO

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its affiliate, Rail Vision Ltd., filed a nonpublic draft prospectus for an initial public offering and registration for trade of its securities on the Tel Aviv Stock Exchange Ltd. According to the update, Rail Vision filed the draft prospectus with the Tel Aviv Stock Exchange and Israeli Securities Authority on April 25, 2021. Rail Vision informed Foresight that it simultaneously intends to test the prevailing Israeli capital market conditions towards a possible public offering. However, Rail Vision has not yet finalized any decision on…

WednesdayApr 28, 2021 2:36 pm

ChineseNewsBreaks – Infobird Software Co. Ltd. (NASDAQ: IFBD) Delivers Value-Driven SaaS Solutions to Growing Client Base

Infobird (NASDAQ: IFBD), a leading software-as-a-service (“SaaS”) company, has built a reputation over the last decade as a premier provider of artificial intelligence (“AI”) powered customer engagement solutions in China. “Utilizing a self-developed cloud computing structure, patented AI technologies and a no-code development platform, Infobird delivers comprehensive solutions that maximize value for its clients,” reads a recent article discussing the company. “Infobird’s value-driven SaaS business solutions are designed to increase revenue, reduce costs, improve quality of service, and enhance customer satisfaction. The efficacy and value of Infobird’s offerings is evidenced by its quickly growing client base of over 10,000 paid…

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