Press Releases

Cheetah Mobile to Hold Annual General Meeting on May 28, 2018

BEIJING, May 7, 2018 /PRNewswire/ — Cheetah Mobile Inc. (NYSE: CMCM) (“Cheetah Mobile” or the “Company”), a leading mobile internet company with strong global vision, today announced that it will hold its annual general meeting of shareholders at the office of Cheetah Mobile at Hui Tong Times Square, No. 8, Yaojiayuan South Road, Beijing, China, on May 28, 2018 at 2:00 p.m. (local time).

No proposal will be submitted for shareholder approval at the annual general meeting. Instead, the annual general meeting will serve as an open forum for shareholders of record and beneficial owners of the Company’s American Depositary Shares (“ADSs”) to discuss Company affairs with management.

The Board of Directors of the Company has fixed the close of business on May 11, 2018 as the record date (the “Record Date”) for determining the shareholders entitled to receive notice of the annual general meeting or any adjournment or postponement thereof.

Holders of record of the Company’s Class A and Class B ordinary shares at the close of business on the Record Date are entitled to attend the annual general meeting and any adjournment or postponement thereof in person. Beneficial owners of the Company’s ADSs are welcome to attend the annual general meeting in person.

The Company has filed its annual report (the “Annual Report”), which includes the Company’s audited financial statements for the fiscal year ended December 31, 2017, with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s Annual Report can be accessed on the investor relations section of its website at, and on the SEC’s website at

Holders of the Company’s Class A ordinary shares, Class B ordinary shares or ADSs may obtain a copy of the Company’s Annual Report, free of charge, by emailing Ms. Helen Jing Zhu, at or by writing to:

Cheetah Mobile Inc.
Hui Tong Times Square, No. 8, Yaojiayuan South Road, 
Chaoyang District, Beijing 100123 
People’s Republic of China
Attention: Ms. Helen Jing Zhu

About Cheetah Mobile Inc.

Cheetah Mobile is a leading mobile Internet company with strong global vision. It has attracted hundreds of millions of monthly active users through its mobile utility products such as Clean Master and Cheetah Keyboard, casual games such as Piano Tiles 2, and live streaming product The Company provides its advertising customers, which include direct advertisers and mobile advertising networks through which advertisers place their advertisements, with direct access to highly targeted mobile users and global promotional channels. The Company also provides value-added services to its mobile application users through the sale of in-app virtual items on select mobile products and games. Cheetah Mobile is committed to leveraging its cutting-edge artificial intelligence technologies to power its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014. 

Investor Relations Contact

Cheetah Mobile Inc.
Helen Jing Zhu
Tel: +86 10 6292 7779 ext. 1600

ICR, Inc.
Jack Wang
Tel: +1 (646) 417-5395

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Analytics Insight Announces ‘The 10 Most Valuable Business Intelligence Companies in 2018’

SAN JOSE, California and HYDERABAD, India, May 7, 2018 /PRNewswire/ —

Analytics Insight Magazine, a brand of Stravium Intelligence and an influential platform for big data, analytics and insights has named ‘The 10 Most Valuable Business Intelligence Companies in 2018‘ in its April-May issue.

The issue features Altair as the Cover Story. Altair transforms design and decision-making by applying simulation, machine learning and optimization throughout product life cycles. The company’s broad portfolio of simulation technology and patented units-based software licensing model enables Simulation-Driven Innovation™ for its customers.

Furthermore, nine companies which offer cutting-edge business intelligence solutions to address cross-industry needs and accelerate the pace of innovation include Actify, Allovance, Automated Insights, BrandsEye, Gramener, MicroStrategy, OTA Insight, Pyramid Analytics and Qualpay.

Business intelligence is one of the key pillars of new-edge information ecosystem. Business intelligence solutions enable insights driven enterprises to deliver superior business performance. Organizations that take advantage of data and turn it into insights are the ones staying ahead of the curve.

A new wave of disruption has already begun with companies developing platforms and solutions that integrate machine learning and artificial intelligence capabilities to mine new insights from data. The featured companies are revolutionizing the way insights are generated through their next-generation business intelligence platforms. “We are delighted to recognize all the ten companies for providing the most advanced business intelligence solutions and playing a significant role in shaping the future of this technology and its capabilities,” says Ashish Sukhadeve, Founder & Editor-in-Chief, Analytics Insight.

The magazine is available online through the Weblink. For more information, please visit

About Analytics Insight 

Analytics Insight, a brand of Stravium Intelligence, is a platform dedicated to insights, trends, and opinion from the world of data-driven technologies. It monitors developments, recognition, and achievements made by big data and analytics companies across the globe. The Analytics Insight Magazine features opinions and views from top leaders and executives in the industry who share their journey, experiences, success stories, and knowledge to grow profitable businesses.

To set up an interview or advertise your brand, contact

Ashish Sukhadeve
Founder & Editor-in-Chief
Tel: +91-40-23055215


Tel: +1-408-380-2566

SOURCE Stravium Intelligence

Oracle Delivers Next Set of Autonomous Cloud Platform Services

REDWOOD SHORES, Calif., May 7, 2018 /PRNewswire/ — As part of its pledge to extend autonomous capabilities across its entire Cloud Platform, Oracle today announced the availability of Oracle Autonomous Analytics Cloud, Oracle Autonomous Integration Cloud, and Oracle Autonomous Visual Builder Cloud. With built-in advanced artificial intelligence (AI) and machine learning algorithms, these groundbreaking new PaaS services automate and eliminate key tasks to enable organizations to lower cost, reduce risk, accelerate innovation, and get predictive insights. 

Oracle Logo (PRNewsfoto/Oracle)

Earlier this year, Oracle made available the world’s first Autonomous Database for data warehouse workloads. The company is committed to adding self-driving, self-securing, and self-repairing capabilities to all of its PaaS services coupled with specific autonomous capabilities for each functional area. In addition to today’s news, Oracle plans to release more autonomous services later in calendar year 2018 focused on mobile and chatbots, data integration, Blockchain, security and management, and additional database workloads, including OLTP.

“Embedding AI and machine learning in these cloud services will help organizations innovate in revolutionary new ways,” said Amit Zavery, executive vice president of development, Oracle Cloud Platform. “These new cloud services are the latest in a series of steps from Oracle to incorporate industry-first autonomous capabilities that will enable customers to significantly reduce operational costs, increase productivity, and decrease risk.”

As organizations focus on delivering innovation fast, they want a secure set of comprehensive, integrated cloud services to build new applications and run their most demanding enterprise workloads. Only Oracle’s cloud services can automate key operational functions like tuning, patching, backups and upgrades while running to deliver maximum performance, high availability, and in demand security features.   

Brake Parts Speeds Ahead with Oracle Autonomous Integration Cloud

Brake Parts, a global company that supplies the world’s top brake brands for cars, vans, SUVs, light trucks and heavy duty vehicles, has partnered with Oracle to build an intelligent sales operation. By automating its end-to-end customer change, RFQ, and new product introduction processes, Brake Parts was able to eliminate manual steps and increase customer responsiveness. 

“Using Oracle Autonomous Integration Cloud with Oracle Sales Cloud, we were able to modernize our applications and automate customer-facing activities across departments – transforming our sales operations,” said Lisa Oliver, Sales Operations, Brake Parts. “Oracle’s autonomous PaaS services enable us to digitize many of our manual processes so we can decrease costs, increase business insights, and better innovate.” 

New Oracle Autonomous Cloud Platform Services

Newly available autonomous services include Oracle Autonomous Analytics Cloud, Oracle Autonomous Integration Cloud, and Oracle Autonomous Visual Builder Cloud. These services help organizations easily build and deploy modern applications, as well as integrate and analyze critical organizational data. 

Oracle Autonomous Analytics Cloud

Oracle Autonomous Analytics Cloud combines machine learning, adaptive intelligence, and service automation to create an analytics platform that breaks down barriers between people, places, data, and systems, fundamentally changing the way people analyze, understand, and act on information. Learn more here.

  • Empowers business users to uncover more insights, quickly. Users can ask questions on their mobile devices, and natural language processing converts those questions into queries in the backend to deliver rich visualizations on their device. It uses machine learning to gain intelligence and proactively suggest insight on data the user might not even have asked for.
  • Reveals hidden patterns and performance drivers through predictive insights and automatic natural-language explanations powered by machine learning.
  • Provides predictive analytics on IoT data applying domain specific machine learning algorithms on large volumes of sensor data and historical patterns of failure.

Oracle Autonomous Integration Cloud

Oracle Autonomous Integration Cloud accelerates digital transformation by enabling business processes spanning multiple Oracle and non-Oracle SaaS and on-premises applications through a combination of machine learning, embedded best-practice guidance, and pre-built application integration and process automation. Learn more here.

  • Speeds up integrations in the complex process of mapping attributes of objects across two different applications by using crowd sourced data of all executed integrations, and machine learning to deliver visual recommendations of how to connect those objects.
  • Delivers intelligent dynamic adaptive case management by providing APIs to embed AI/machine learning frameworks, and suggest the next best action in an automated process flow.
  • Increases resiliency and performance by providing self driven and tuning Integrations to manage large workloads intelligently.
  • Enables Robotic Process Automation with AI/machine learning to automate the last mile of case management or process automation with systems that are not API enabled.

Autonomous Visual Builder Cloud

Oracle Autonomous Visual Builder Cloud helps to accelerate mobile and web application development and deployment by enabling business users and developers to build these applications with no coding. Learn more here.

  • Automates code generation using the latest industry-standard technologies with single click deployment enabling rapid application development even by line-of-business users.
  • Automates delivery of mobile applications across multiple platforms including iOS and Android.
  • Easily extensible and based on standard open-source technology (Oracle JET, Swagger)

Oracle Cloud Platform services all share foundational autonomous capabilities including:

  • Self-Driving to Lower Costs and Increase Productivity: Eliminate human labor to provision, secure, monitor, backup, recover and troubleshoot. Automatically upgrade and patch itself while running. Instantly grow and shrink compute or storage without downtime. 
  • Self-Securing to Lower Risk: Protect from external attacks and malicious internal users. Automatically apply security updates while running to protect against cyberattacks, and automatically encrypt all data.
  • Self-Repairing for Higher Availability: Provide automated protection from all planned and unplanned downtime with up to 99.995 percent availability, resulting in less than 2.5 minutes of downtime per month including planned maintenance.

Organizations can try Oracle Autonomous Cloud Platform services, including Oracle Autonomous Data Warehouse Cloud by signing up for a Free Oracle Cloud Trial via

Additional Resources

About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.


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Ericsson: New Report: Smartphone Shoppers Altering Retail Reality

WASHINGTON, May 7, 2018 /PRNewswire/ —

  • Smartphone shopping is expected to peak globally in the coming few years with 43 percent surveyed already making purchases on their phone weekly
  • Majority of smartphone shoppers expect most people to have a personal shopping advisor within 3 years; emerging demand for digital shopping assistants to help with purchase decisions
  • 69 percent of AR and VR users think these technologies will give smartphones all the benefits of physical stores within 3 years

Taking a look at the fast-changing reality of retail, Ericsson (NASDAQ: ERIC) Consumer & IndustryLab presents: Beyond smartphone shopping – the rise of smart assistants. This report describes how connectivity is driving two major shifts in how people shop. The ongoing surge to use smartphones to pay for goods and services is leading to a second shift involving the use of shopping assistants.

Soon smartphone users will rely on digital assistants in their phones for aspirational shopping support, while simultaneously driving the use of smart home speakers for automation of routine household purchases.

Selecting the type of shopping assistant for home and personal purchases will soon be more important than the actual purchase decision. For example, 63 percent of smartphone shoppers want help with price comparisons – a likely role for a home restocking assistant. And 48 percent want help making shopping decisions easy – a likely role for a personal shopping advisor.

The report is based on a survey of advanced internet users in ten influential cities globally. The sample makes up only a fraction of shoppers worldwide but was chosen because the digital technology used by these respondents puts them at the forefront of the fundamental changes we see sweeping retail around the world.

“While fascinating in their own right, fast-changing consumer shopping behaviors are important to understand for anyone involved in 5G, smart homes, consumer IoT and artificial intelligence” says Michael Björn, Head of Research at Ericsson Consumer & IndustryLab. “When consumers start employing AI to automate everyday purchasing, this will create demand for IoT enabled sensors as well as a need for people to connect appliances in their homes.”

Digitalization of shopping raises questions about the future of the physical store as well. Consumers expect AR/VR-technology to bring all the benefits of physical stores. And more than half believe the effect of fewer people going to stores will be an increase in home deliveries. This indicates a connectivity-driven future for retail both for digital shopping experiences and automation of deliveries.

Respondents also see issues with personal information going forward, leading to a key question: To what extent can digital shopping assistants be trusted, and how will they impact consumers?

About this report

This report presents insights based on an online survey (carried out in January 2018) of 5,048 advanced internet users in Johannesburg, London, Mexico City, Moscow, New York, San Francisco, São Paulo, Shanghai, Sydney and Tokyo.

Respondents were aged 15 to 69 andfit the profile of urban early adopters and represent 50 million of the 180 million living in these cities.

43 percent of the respondents are online smartphone shoppers, meaning that they shop using their smartphones directly at least weekly. A further 45 percent of the sample use digital voice assistants on a weeklybasis, with as many as 35 percent using augmented reality (AR) or virtual reality (VR) at least once a week.


Beyond smartphone shopping – the rise of smart assistants

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Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York.

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Gridsum Announces Completion of Investment from FutureX Capital

BEIJING, May 7, 2018 /PRNewswire/ — Gridsum Holding Inc. (“Gridsum” or “Company”) (NASDAQ: GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence (“AI”) solutions in China, today announced the completion of its issuance and sale of a US$40 million convertible note (the “Note”) to FutureX Innovation SPC (the “Investor”), an affiliate of FutureX Capital Limited (“FutureX”), for a total consideration of US$40 million. FutureX is an emerging China-based private equity firm led by Cynthia Zhang, who founded the overseas PE platform of ChinaAMC, a leading asset manager in China. FutureX’s key areas of focus include technology, software and AI. The issuance and sale of the Note were made pursuant to the convertible note purchase agreement dated April 30, 2018 (the “Note Purchase Agreement”) between the Company and the Investor. In accordance with the Note Purchase Agreement, the Company also entered into a registration rights agreement with the Investor.

Mr. Guosheng Qi, Chief Executive Officer of Gridsum, commented, “The completion of this financing is a positive sign of the support Gridsum has from the capital markets, and our focus on the future of our business, core competencies, and addressable markets.  Strengthening our balance sheet will put us in a better position to continue enhancing our big-data analytics and AI solutions, and to expand our capability and leadership in the AI industry in China.” 

About Gridsum

Gridsum Holding Inc. (Nasdaq: GSUM) is a leading provider of cloud-based big-data analytics and AI solutions for multinational and domestic enterprises and government agencies in China. Gridsum’s core technology, the Gridsum Big Data Platform, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsum’s customers to identify complex relationships within their data and gain new insights that help them make better business decisions. The Company is named “Gridsum” to symbolize the combination of distributed computing (Grid) and analytics (sum). As a digital intelligence pioneer, the Company’s mission is to help enterprises and government organizations in China use data in new and powerful ways to make better informed decisions and be more productive.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “may,” “will,” “expects,” and similar statements. Forward-looking statements involve inherent risks and uncertainties. Many factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: unexpected difficulties in Gridsum’s pursuit of its goals and strategies; the unexpected developments, including slow growth, in the digital intelligence market; unexpected difficulties and potential delays in filing annual or other reports with the SEC; PRC governmental policies relating to media, software, big data, the internet, internet content providers and online advertising; and general economic and business conditions in the regions where Gridsum provides solutions and services. All information provided in this press release and in the attachments is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.

Investor Relations



In China
Mr. Christian Arnell
Phone: +86-10-5900-1548

In U.S.
Mr. Tip Fleming
Phone: +1 917 412 3333

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Pegasystems to Hold Investor Session at PegaWorld 2018

CAMBRIDGE, Mass., May 7, 2018 /PRNewswire/ — Pegasystems Inc. (NASDAQ: PEGA), the software company empowering customer engagement at the world’s leading enterprises, today announced that an Investor Session will be held at PegaWorld 2018 in Las Vegas hosted by Ken Stillwell, CFO, Pegasystems.

The corporate logo for Pega (PRNewsfoto/Pegasystems Inc.)

The Investor Session is scheduled for Monday, June 4, 2018 at 12:00 p.m. PDT (or 3:00 p.m. EDT) and will be available live via webcast. Investors are also invited to join the event by dialing 1-877-407-3982 (domestic) or 1-201-493-6780 (international). A replay will be available on the Investors page of the company’s website.

About Pegasystems
Pegasystems Inc. is the leader in software for customer engagement and operational excellence. Pega’s adaptive, cloud-architected software – built on its unified Pega® Platform – empowers people to rapidly deploy and easily extend and change applications to meet strategic business needs. Over its 30-year history, Pega has delivered award-winning capabilities in CRM and BPM, powered by advanced artificial intelligence and robotic automation, to help the world’s leading brands achieve breakthrough business results. For more information on Pegasystems (NASDAQ: PEGA) visit

Press Contact:
Lisa Pintchman            
Pegasystems Inc.                                            
Twitter: @pega 

Investor Contact:                                      
Garo Toomajanian           
ICR for Pegasystems             

All trademarks are the property of their respective owners.

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Tech Startup Correctly Predicts Kentucky Derby Exacta

RICHMOND, Vt., May 7, 2018 /PRNewswire/ — AI Certain Inc., a Vermont-based tech startup, correctly predicted this year’s winning exacta pick at the Kentucky Derby using its new, patent-pending AI technology. The AI narrowed the field of 20 horses down to just two – Justify and Good Magic – and its deep learning neural network system predicted how close the race would be with win-odds separated by only one percent.

AI Certain Inc. was founded in January by father-son duo Tim and Nate Kenney. They launched AI Horse Racing — the company’s first venture into sports — in April of this year.

“We were really excited as we watched and saw that the AI had correctly predicted the exacta for the race,” Nate said.

The AI’s top exacta prediction paid out at $69.60 on a $2 bet.

AI Horse Racing’s deep learning neural networks use hundreds of data elements about each horse, jockey and trainer, along with specific information about the race, to predict the likely finishing position of every horse. The system produces a forecast called AI Fair Odds™ that includes odds for first, second, third, fourth, place, show and top exacta and trifecta picks.

The win odds are calibrated to within a 0.5 percent accuracy by analyzing thousands of past races. The odds for major tracks and most small venues in North America are posted every day for free at The company also uses the technology to create AI narrated videos which are posted on their YouTube channel.

“We train the neural networks with tens of thousands of real races. The neural networks learn by seeing real-world results from past events,” Tim said. “Training involves quadrillions of calculations for the networks to learn how to predict the races.”

“It really learns in a very similar way to how someone who has become an expert in horse racing does, just at a much larger scale,” Nate added. “It looks at the same types of data: past performances, workout times and distances, equipment, records on different surfaces, records of trainers and jockeys, times since last workouts and races, how each horse ran in different types of races and much more. What’s interesting is that we found that our accuracy is better if we don’t allow the AI to see other people’s picks and predictions. We let the AI do its job of learning the most important factors from raw race data.”

Horses and racing are nothing new to the Kenney family. Nate’s sister rode horses and he fondly remembers traveling to races at Saratoga as a kid.

“I remember my sister and I were just enthralled with the spectacle of it all. That’s why we chose horse racing as the first sport to focus our efforts on,” Nate said. “The reality of pari-mutuel wagering in horse racing is that it is harder than ever for the average handicapper to compete with complex algorithms. We’re hoping that our AI can help race fans even the playing field.”

The company aims to give players an accurate forecast on the race, allowing them to make smart choices at whatever risk factor they are comfortable with.

“No system can call every race correctly every time,” Nate said. “There will always be randomness involved when it comes to horses, so the goal is to reduce that uncertainty. We don’t tell people how to bet, we just give them the probabilities to do it better. Wagering involves a mix of prediction, final odds and risk management. Some players are more comfortable with a lower-risk 60 percent place or show prediction with a low payout, while some want the thrill of a long-shot overlay that becomes available minutes before the bell. The goal is to provide information to both types of players.”

“My tech friends want to know how it works,” Tim said. “A 20-horse race can have a finishing order of more than 2.4 x 1018 combinations. That’s quintillions of possibilities. I’m always careful how I answer because we are protecting our intellectual property.  We’ve put two years of research into this AI with statistical modeling. The technology we developed has applications to other sporting areas as well as financial markets, healthcare and business. The system can look at N-dimensional data from very diverse sources – even ones that may be missing data. The training of the neural networks takes some serious computational power and time. What’s astonishing is that the predictions for a new scenario are ready in seconds. Our predictions are generally more accurate than other methods because they include such a wide field of information.”

“We knew the technology had many applications,” said Tim. “While we do find profitable wagers, like the one we placed on the Kentucky Derby, we realize there is more to be gained in becoming a hub for sports prediction. We are focused on rolling this idea into many other market opportunities.”

Media Contact:

Nate Kenney 
Phone: (802) 318-7227

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AI Horse Racing
Company name and logo for AI Horse Racing

AI Certain
AI Certain Inc. logo

Kentucky Derby Exacta and Trifecta Combinations
The winning exacta pick from the Kentucky Derby

Kentucky Derby 2018
AI Horse Racing’s Analysis for the 2018 Kentucky Derby

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CreditEase becomes Milken Institute’s first Asian Strategic Partner

LOS ANGELES, May 7, 2018 /PRNewswire/ — Tang Ning, founder and CEO of CreditEase, attended the 21st Milken Institute Global Conference in Los Angeles as both a strategic partner and a speaker, and said on the global capital market panel that driven by technology, the middle class and the high-net-worth individuals, a strong new economic growth can be seen in China these years, adding that China is now entering a new era.

The Milken Institute Global Conference, which was held from April 29 to May 2 this year, is the largest economic summit in North America, bringing together more than 750 speakers and 4,000 attendees from business, government, science, philanthropy, academia, arts, and culture arena, from 64 countries across six continents, making it the most broadly attended gathering in its history.

Themed with “Navigating a World in Transition”, renowned attendees include former U.S. Vice President Al Gore, former British Prime Minister Tony Blair, the 12th World Bank President Jim Yong Kim, among many others, who carried out candid conversations about trade, technology and national security, tackle topics ranging from artificial intelligence to blockchain, financial regulations, global markets and breakthroughs in health.

Tang Ning made these remarks at the panel discussion named Global Capital Markets on the first day of the conference with other renowned panelists including Gerard Baker, Editor in Chief of Wall Street Journal, Michael Corbat, the CEO of Citigroup and Mary Callahan Erdoes, CEO of J.P. Morgan Asset and Wealth Management under JP Morgan Chase, Joshua Friedman, Co-Founder, Co-Chairman and Co-CEO of Canyon Partners, Scott Minerd, Chairman of Investments and Global Chief Investment Officer of Guggenheim Partners.

The new era means firstly that there emerged “new economy” driven by 200 million middle class and 2 million high-net-worth individuals, who need higher quality education and better medical services, said Tang, adding that small businesses and start-ups are part of the “new economy”, who understand that digital transformation is the key factor for their further development.

Tang pointed out that CreditEase’s high-net-worth clients and ultra-high-net-worth clients make businesses in the sectors of manufacturing, import and export, and what they are thinking about are the following three questions: First, how to realize the digital transformation of their businesses; second, how to make global asset allocation; third, how the next generation can inherit their wealth and value to the largest extent.

“The new economy puts forward new requirements for the financial sector, which are small and micro-financing, financing based on intangible asset, direct and long-term investment, VC/PE investment, capital investment and so on,” Tang said.

Speaking of Chinese high-net-worth individuals, Tang emphasized that the rich Chinese began to think about how to make global asset allocation and how to pass on their wealth as well as their value to the next generation effectively, which they cannot learn from their parents.

He also hoped that the Chinese understand the importance of long-term investment and asset allocation. Tang said, “you cannot expect a tech startup to pay dividends every quarter and give your money back after three or four years. A start-up may need ten years or longer to develop to a profitable one and the investors should have patience.”

It is technology that helps China enter the new economic era and helps financial services more convenient, said Tang, stressing that the middle class can do investment through mobile phones and small businesses can borrow money through mobile phones in China.

Tang also said at the Milken Speaker and Sponsor Reception hosted by CreditEase that China’s Fintech has maintained a rapid development in recent years and has already led the world in some sectors, and the Chinese and American Fintech companies should cooperate closely with each other.

Since its establishment in 2006, CreditEase has been at the forefront of leveraging FinTech to transform China’s marketplace lending and wealth management industry, providing highly customized financial services for different client segments. Boasting a global network with offices in major financial and technology hubs around the globe, CreditEase also actively engages with the world’s leading FinTech players through incubation, cooperation, and investment.

The Milken Institute is a nonprofit, nonpartisan think tank determined to increase global prosperity by advancing collaborative solutions that widen access to capital, create jobs and improve health. It conducts data-driven research, convenes action-oriented meetings and promotes meaningful policy initiatives.

Mike Klodwen, CEO of Milken Institute, announced in the speaker and sponsor reception that, CreditEase has become Milken Institute’s first strategic partner in Asia because of the company’s leading position in FinTech industry and its innovations in China’s financial sector.

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DevOps Market Worth 10.31 Billion USD by 2023

PUNE, India, May 7, 2018 /PRNewswire/ —

According to a new market research report  DevOps Market by Type (Solutions and Services), Deployment Model (Public, Private, and Hybrid), Organization Size, Industry Vertical (BFSI, Healthcare, Telecommunications and ITES, Manufacturing), and Region – Global Forecast to 2023″, published by MarketsandMarkets™, the market size is expected to grow from USD 3.42 Billion in 2018 to USD 10.31 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 24.7% during the forecast period.

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The growth of the DevOps Market is driven by several factors, such as increasing complexities in applications, growing need for continuous and fast application delivery, and applications running in the dynamic Information Technology (IT) environment. The DevOps Market is expected to gain major traction during the forecast period, due to the increase in the adoption rate of Artificial Intelligence (AI) and machine learning among enterprises.

The solutions segment is expected to account for a larger market share during the forecast period 

The solutions segment is segregated into 3 components of DevOps pipeline. The different continuous solutions represent an agile way of working to build and deliver software applications. DevOps is in the initial phase of growth and organizations across the globe are rapidly adopting solutions for the application development. In terms of investment, solutions are the most expensive part of the DevOps lifecycle as most of the software tools for building and maintaining the application comes under this segment. Hence, the solutions segment is estimated to account for the larger market size in 2018 and is expected to grow with the same trend.

The public cloud segment is estimated to account for the largest market size in 2018 

The public cloud segment may be offered free of cost or on a pay-per-use model, depending on the requirements from end-users. The public cloud segment is used for web servers and system architectures, where security and compliance are not the major issues. Ease of access and faster deployment of the public cloud are some of the major factors contributing to the high adoption of the public cloud. The public cloud segment offers various enterprise benefits, such as scalability, reliability, flexibility, and remote location access.

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The large enterprises segment is expected to account for a larger market size during the forecast period 

Large enterprises are defined as business entities with more than 1,000 employees. The adoption rate of DevOps solutions and services by large enterprises is high and is expected to continue during the forecast period. Large enterprises have dedicated in-house IT resources with large IT budgets; hence they can consider a variety of DevOps strategies. Moreover, they have a global presence, high market shares, technical expertise, and effective business strategies.

The telecommunications and ITES industry vertical is estimated to account for the largest market size in 2018 

Telecom companies are always eager to embrace digitalization opportunities. Enterprises in this vertical are modernizing their legacy applications to improve the digital customer experience. Moreover, the growing number of subscribers and increasing adoption of various technologies related to media and digital content are creating the need to optimize resources for fulfilling customer demands in a timely manner.

North America region is estimated to account for the largest market size in 2018 

North America is estimated to account for the largest market size in 2018, while APAC is projected to be the fastest-growing region. North America is a matured market in terms of technology adoption, due to various factors, such as advanced IT infrastructure, presence of various enterprises, and availability of proficient technical expertise. The US and Canada would contribute to the growth of the DevOps Market in North America.

The major vendors providing DevOps solutions and services include CA Technologies (US), IBM (US) , Atlassian (Australia), Micro Focus (UK), Puppet (US), Red Hat (US), AWS (US), Microsoft (US), Google (US), Oracle (US), Cigniti (India), GitLab (US), RapidValue (US), Chef Software (US), To The New (India), XebiaLabs (US), CFEngine (US), Docker (US), CollabNet (US), Electric Cloud (US), HashiCorp (US), Rackspace (US), Perforce (US), Clarive (Spain), and OpenMake Software (US).

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Sinocloud Wisdom Presents Brand New AI Check-in Robot at Airport Show 2018

DUBAI, United Arab Emirates, May 7, 2018 /PRNewswire/ — Today at the 18th Dubai Airport Show, Sinocloud Wisdom (Beijing) Technology Co., Ltd. (“Sinocloud Wisdom” or the “Company”) unveils its market-ready product, a brand new check-in and baggage drop-off robot featuring artificial intelligence technology.

Sinocloud Wisdom unveils Automated Check-in and Baggage Drop-off Robot and Intelligent Check-in Counter at Airport Show 2018, Dubai

The robot supports fully automated check-in and baggage drop-off. Using AGV technology, the robot will avoid obstacles and transport the bags to the baggage handling area. All the passenger need to do is to scan the passport, put their bags in the robot, and go straight to the passenger security checkpoint. If any bag is spotted suspicious, the security inspection staff will be automatically alarmed and informed of the owner’s information which is collected when the passport is scanned.

Instead of looking for the check-in desk, passengers can check in and drop their bags off from anywhere in the airport with the robot. It will speed up the check-in process and reduce workload of the check-in staff at airports.

The Company also presents an Intelligent Check-in Counter at the Dubai Airport Show. Compared with traditional check-in counters, the innovative check-in counter integrates many practical functions including facial recognition, automatic acquisition of baggage weighing information, height-adjustable desk, advertisement display and intelligent notification. The counter is designed for the purpose of reducing workload as well as improving efficiency, service and security level of the airport.

Li Xin, CEO of Sinocloud Wisdom, said: “Using AI technology, we present our Smart Airport Solution to improve the service of the airport. We keep focusing on optimizing customer experience by creating a convenient, non-interference check-in environment. Our smart airport equipments help the airport to adapt to a growing number of passengers as well as to upgrade their performance.”

About Sinocloud Wisdom

Sinocloud Wisdom is a leading provider of artificial intelligence and safety application solutions. Based on IoT, artificial intelligence and big data technologies, the Company provides a full range of intelligent safety solutions for airports, customs, immigration inspection and quarantine, public security, environmental protection and other scenarios. These solutions include Smart Airport Solution, Smart Airport Joint Inspection Solution, Passenger Inspection Solution, and Smart City Rail Transportation Solution.

Sinocloud Wisdom has been growing steadily since its founding in 2014. The Company is now expanding its reach to the international market. For more information, please visit

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