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Autohome Inc. Announces Unaudited Second Quarter Ended June 30, 2020 Financial Results

BEIJING, Aug. 25, 2020 /PRNewswire/ — Autohome Inc. (NYSE: ATHM) (“Autohome” or the “Company”), the leading online destination for automobile consumers in China, today announced its unaudited financial results for the second quarter ended June 30, 2020. Second Quarter 2020 Highlights[1]…

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BEIJING, Aug. 25, 2020 /PRNewswire/ — Autohome Inc. (NYSE: ATHM) (“Autohome” or the “Company”), the leading online destination for automobile consumers in China, today announced its unaudited financial results for the second quarter ended June 30, 2020.

Second Quarter 2020 Highlights[1] 

  • Net Revenues in the second quarter of 2020 were RMB2,313.3 million ($327.4 million), in line with the Company’s guidance.
  • Online Marketplace and Others Revenues in the second quarter of 2020 were RMB540.2 million ($76.5 million), which contributed to 23.4% of total revenues, compared to 17.0% in the corresponding period of 2019. Data Products in the online marketplace and other business achieved revenue growth of close to 70% year-over-year in the second quarter of 2020.
  • Net Income attributable to Autohome Inc. in the second quarter of 2020 was RMB824.5 million ($116.7 million), compared to RMB801.9 million for the corresponding period of 2019.
  • Adjusted Net Income attributable to Autohome Inc. (Non-GAAP)[2] in the second quarter of 2020 was RMB881.0 million ($124.7 million), compared to RMB855.4 million for the corresponding period of 2019.

Mr. Min Lu, Chairman of the Board of Directors and Chief Executive Officer of Autohome, stated, “Autohome is making steady strides in building an open and diversified automotive ecosystem with its unique product matrix and ongoing innovations. To support OEMs’ digital transformation, we expanded our offerings beyond project-based services, with annual performance-based comprehensive marketing solutions now available, helping our automaker partners plan and carry out their marketing campaigns more efficiently. Our data products also continued their strong growth momentum on the back of proven effectiveness and further product optimization. Looking forward, we remain focused on expanding the breadth and depth of our offerings while providing customers with highly efficient intelligent services that provide even further value to the automotive industry.”

Mr. Jun Zou, Chief Financial Officer of Autohome, added, “Our second-quarter results reflected solid progress in executing our key growth strategy. Data products together with auto-financing and transaction businesses, achieved double-digit revenue growth, contributing to strong year-over-year growth of 38% in the online marketplace and others revenues. Core businesses also registered sequential improvements, which indicate the gradual recovery of the auto market. Meanwhile, net margin for the quarter improved on a year-over-year basis as we remained committed to enhancing operating efficiency across the platform. We will continue to explore new growth opportunities while keeping a disciplined cost structure, in order to deliver positive returns for our shareholders in the long run.”

[1] The reporting currency of the Company is Renminbi (“RMB”). For the convenience of readers, certain amounts throughout the release
are presented in US dollars (“$”). Unless otherwise noted, all conversions from RMB to US$ are translated at the noon buying rate of
US$1.00 to RMB7.0651 on June 30, 2020 in the City of New York for cable transfers of RMB as certified for customs purposes by the
Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into
US$ at such rate.

[2] Adjusted net income attributable to Autohome Inc. (Non-GAAP) is defined as net income attributable to Autohome Inc. excluding share-
based compensation expenses and amortization expenses of intangible assets related to acquisitions. For more information on this and
other non-GAAP financial measures, please see the section captioned “Use of Non-GAAP Financial Measures” and the tables captioned
“Reconciliations of Non-GAAP and GAAP Results” set forth at the end of this release.

Unaudited Second Quarter 2020 Financial Results

Net Revenues

Net revenues in the second quarter of 2020 were RMB2,313.3 million ($327.4 million), compared to RMB2,309.0 million in the corresponding period of 2019.

  • Media services revenues were RMB932.1 million ($131.9 million), compared to RMB1,028.3 million in the corresponding period of 2019. The decline was primarily due to the decrease in average revenue per automaker advertiser.
  • Leads generation services revenues were RMB841.0 million ($119.0 million), compared to RMB888.8 million in the corresponding period of 2019. The decline was primarily due to the decrease in the number of paying dealers.
  • Online marketplace and others revenues increased by 37.8% to RMB540.2 million ($76.5 million) from RMB391.9 million in the corresponding period of 2019. The increase was driven by data products as well as auto-financing and transaction businesses.

Cost of Revenues

Cost of revenues was RMB265.2 million ($37.5 million), compared to RMB263.6 million in the corresponding period of 2019. In addition, cost of revenues included share-based compensation expenses of RMB6.2 million ($0.9 million) during the second quarter of 2020, compared to RMB4.1 million for the corresponding period of 2019.

Operating Expenses

Operating expenses were RMB1,281.3 million ($181.4 million) in the second quarter of 2020, compared to RMB1,335.3 million in the corresponding period of 2019.

  • Sales and marketing expenses were RMB872.4 million ($123.5 million) in the second quarter of 2020, compared to RMB892.9 million in the corresponding period of 2019. Sales and marketing expenses for the second quarter of 2020 included share-based compensation expenses of RMB9.3 million ($1.3 million), compared to RMB12.9 million in the corresponding period of 2019.
  • General and administrative expenses were RMB82.5 million ($11.7 million) in the second quarter of 2020, compared to RMB81.8 million in the corresponding period of 2019. General and administrative expenses for the second quarter of 2020 included share-based compensation expenses of RMB15.2 million ($2.1 million), relatively flat compared to the corresponding period of 2019.
  • Product development expenses were RMB326.4 million ($46.2 million) in the second quarter of 2020, compared to RMB360.6 million in the corresponding period of 2019. Product development expenses for the second quarter of 2020 included share-based compensation expenses of RMB24.8 million ($3.5 million), compared to RMB20.2 million in the corresponding period of 2019.

Operating Profit

Operating profit was RMB870.7 million ($123.2 million) in the second quarter of 2020, compared to RMB835.3 million in the corresponding period of 2019.

Income Tax Expense

Income tax expense was RMB174.4 million ($24.7 million) in the second quarter of 2020, compared to RMB147.3 million in the corresponding period of 2019.

Net Income Attributable to Autohome Inc. and EPS

Net income attributable to Autohome Inc. was RMB824.5 million ($116.7 million) in the second quarter of 2020, compared to RMB801.9 million in the corresponding period of 2019. Basic and diluted earnings per share/per ADS or “EPS” were RMB6.92 ($0.98) and RMB6.89 ($0.97), respectively, compared to basic and diluted EPS of RMB6.77 and RMB6.70, respectively, in the corresponding period of 2019.

Adjusted Net Income Attributable to Autohome Inc. (Non-GAAP) and Non-GAAP EPS

Adjusted net income attributable to Autohome Inc. (Non-GAAP) was RMB881.0 million ($124.7 million) in the second quarter of 2020, compared to RMB855.4 million in the corresponding period of 2019. Non-GAAP basic and diluted EPS were RMB7.39 ($1.05) and RMB7.36 ($1.04), respectively, compared to non-GAAP basic and diluted EPS of RMB7.22 and RMB7.15, respectively, in the corresponding period of 2019.

Balance Sheet and Cash Flow

As of June 30, 2020, the Company had cash and cash equivalents and short-term investments of RMB13.0 billion ($1,843.9 million). Net cash provided by operating activities in the second quarter of 2020 was RMB465.7 million ($65.9 million).

Employees

The Company had 4,006 employees as of June 30, 2020.

Business Outlook

Autohome currently expects to generate net revenues in the range of RMB2,240 million ($317.1 million) to RMB2,280 million ($322.7 million) in the third quarter of fiscal year 2020. This forecast reflects the Company’s current and preliminary view on the market and its operating conditions, which are subject to change, particularly as a result of uncertainties surrounding the ongoing COVID-19 pandemic.

Conference Call Information

The Company will host an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, August 25, 2020 (8:00 PM Beijing Time on the same day).

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

United States:  

+1-855-824-5644

Hong Kong:     

+852-3027-6500

Mainland China:

8009-880-563/400-821-0637

United Kingdom:

0800-026-1542

International:    

+1-646-722-4977

Passcode:         

22378791#

Please dial in ten minutes before the call is scheduled to begin and provide the passcode to join the call.

A replay of the conference call may be accessed by phone at the following numbers until August 31, 2020:

United States:  

+1-646-982-0473

International:    

+61-2-8325-2405

Passcode:       

319335127#

Additionally, a live and archived webcast of the conference call will be available at http://ir.autohome.com.cn.

About Autohome Inc.

Autohome Inc. (NYSE: ATHM) is the leading online destination for automobile consumers in China. Its mission is to enhance the car-buying and ownership experience for auto consumers in China. Autohome provides original generated content, professionally generated content, user-generated content, AI-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company’s dealer subscription and advertising services allow dealers to market their inventory and services through Autohome’s platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. Autohome operates its “Autohome Mall,” a full-service online transaction platform, to facilitate transactions for automakers and dealers. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services. For further information, please visit www.autohome.com.cn.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates” and similar statements. Among other things, Autohome’s business outlook, Autohome’s strategic and operational plans and quotations from management in this announcement contain forward-looking statements. Autohome may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Autohome’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Autohome’s goals and strategies; Autohome’s future business development, results of operations and financial condition; the expected growth of the online automobile advertising market in China; Autohome’s ability to attract and retain users and advertisers and further enhance its brand recognition; Autohome’s expectations regarding demand for and market acceptance of its products and services; competition in the online automobile advertising industry; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Autohome’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Autohome does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Use of Non-GAAP Financial Measures

To supplement net income presented in accordance with U.S. GAAP, we use Adjusted Net Income attributable to Autohome Inc., Non-GAAP basic and diluted EPS and Adjusted EBITDA as non-GAAP financial measures. We define Adjusted Net Income attributable to Autohome Inc. as net income attributable to Autohome Inc. excluding share-based compensation expenses and amortization expenses of intangible assets related to acquisitions. We define Non-GAAP basic and diluted EPS as Adjusted Net Income attributable to Autohome Inc. divided by the basic and diluted weighted average number of ordinary shares. We define Adjusted EBITDA as net income attributable to Autohome Inc. before income tax expense/(benefit), depreciation expenses of property and equipment and amortization expenses of intangible assets and share-based compensation expenses. We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance, in addition to net income prepared in accordance with U.S. GAAP. We believe these non-GAAP financial measures are important to help investors understand our operating and financial performance, compare business trends among different reporting periods on a consistent basis and assess our core operating results, as they exclude certain expenses that are not expected to result in cash payments. The use of the above non-GAAP financial measures has certain limitations. Share-based compensation expenses have been and will continue to be incurred in the future and are not reflected in the presentation of the non-GAAP financial measures, but should be considered in the overall evaluation of our results. These non-GAAP financial measures should be considered in addition to financial measures prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Reconciliation of non-GAAP and GAAP Results” set forth at the end of this press release.

For investor and media inquiries, please contact:

In China:

Autohome Inc.
Investor Relations
Anita Chen
Tel: +86-10-5985-7483
Email: [email protected]

The Piacente Group, Inc.
Xi Zhang
Tel: +86-10-6508-0677
E-mail: [email protected]

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: [email protected]

AUTOHOME INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

 (Amount in thousands, except per share data) 



 For three months ended June 30,  


 For six months ended June 30, 


2019


2020


2019


2020


RMB


RMB


US$


RMB


RMB


US$


(Unaudited)


(Unaudited)


 (Unaudited)


(Unaudited)


(Unaudited)


(Unaudited)

Net revenues: 












Media services

1,028,308


932,078


131,927


1,671,543


1,498,388


212,083

Leads generation services 

888,799


841,020


119,039


1,622,886


1,511,479


213,936

Online marketplace and others

391,855


540,170


76,456


626,461


850,030


120,314

Total net revenues 

2,308,962


2,313,268


327,422


3,920,890


3,859,897


546,333

Cost of revenues

(263,630)


(265,217)


(37,539)


(448,084)


(443,079)


(62,714)

Gross profit 

2,045,332


2,048,051


289,883


3,472,806


3,416,818


483,619













Operating expenses: 












Sales and marketing expenses 

(892,901)


(872,426)


(123,484)


(1,402,625)


(1,396,647)


(197,683)

General and administrative
   expenses 

(81,807)


(82,482)


(11,675)


(149,565)


(171,634)


(24,293)

Product development
   expenses 

(360,603)


(326,385)


(46,197)


(629,176)


(618,323)


(87,518)

Total operating expenses

(1,335,311)


(1,281,293)


(181,356)


(2,181,366)


(2,186,604)


(309,494)

Other income, net

125,239


103,991


14,719


201,277


226,462


32,054

Operating profit

835,260


870,749


123,246


1,492,717


1,456,676


206,179

Interest income

114,206


128,869


18,240


228,427


266,260


37,687

Loss from equity method
   investments

(89)


(360)


(51)


(1,671)


(1,815)


(257)

Fair value change of other non-
   current assets




(4,026)


(9,116)


(1,290)

Income before income taxes 

949,377


999,258


141,435


1,715,447


1,712,005


242,319

Income tax expense

(147,285)


(174,430)


(24,689)


(266,810)


(299,914)


(42,450)

Net income  

802,092


824,828


116,746


1,448,637


1,412,091


199,869

Net income attributable to
   noncontrolling interests

(213)


(351)


(50)


(449)


(435)


(62)

Net income attributable to
   Autohome Inc.

801,879


824,477


116,696


1,448,188


1,411,656


199,807

Earnings per share for
   ordinary share  












Basic  

6.77


6.92


0.98


12.24


11.85


1.68

Diluted  

6.70


6.89


0.97


12.12


11.79


1.67













Weighted average shares used to compute
   earnings per share attributable to common
   stockholders:






















 Basic  

118,463,582


119,160,448


119,160,448


118,347,380


119,114,768


119,114,768

 Diluted

119,632,344


119,746,398


119,746,398


119,494,603


119,696,812


119,696,812

AUTOHOME INC.

RECONCILIATION OF NON-GAAP AND GAAP RESULTS

(Amount in thousands, except per share data)














For three months ended June 30,


For six months ended June 30,


2019


2020


2019


2020


RMB


RMB


US$


RMB


RMB


US$


(Unaudited)


(Unaudited)


(Unaudited)


(Unaudited)


(Unaudited)


(Unaudited)

Net income attributable to
   Autohome Inc.

801,879


824,477


116,696


1,448,188


1,411,656


199,807

Plus: income tax expense

147,285


174,430


24,689


266,810


299,914


42,450

Plus: depreciation of property and
   equipment

25,681


38,289


5,419


51,007


70,694


10,006

Plus: amortization of intangible
   assets

2,917


2,921


413


5,834


6,151


871

EBITDA

977,762


1,040,117


147,217


1,771,839


1,788,415


253,134

Plus: share-based compensation
   expenses

52,397


55,420


7,844


105,584


113,277


16,033

Adjusted EBITDA

1,030,159


1,095,537


155,061


1,877,423


1,901,692


269,167

Net income attributable to
   Autohome Inc.

801,879


824,477


116,696


1,448,188


1,411,656


199,807

Plus: amortization of acquired
   intangible assets of Cheerbright,
   China Topside and Norstar

1,139


1,139


161


2,278


2,278


322

Plus: share-based compensation
   expenses

52,397


55,420


7,844


105,584


113,277


16,033

Adjusted net income
   attributable to Autohome Inc.

855,415


881,036


124,701


1,556,050


1,527,211


216,162

Non-GAAP earnings per share
   for ordinary shares












Basic

7.22


7.39


1.05


13.15


12.82


1.81

Diluted

7.15


7.36


1.04


13.02


12.76


1.81













Weighted average shares used
   to compute earnings per
   share attributable to common
   stockholders:












Basic

118,463,582


119,160,448


119,160,448


118,347,380


119,114,768


119,114,768

Diluted

119,632,344


119,746,398


119,746,398


119,494,603


119,696,812


119,696,812

AUTOHOME INC.

CONDENSED CONSOLIDATED BALANCE SHEET

(Amount in thousands, except as noted)








As of December 31,


As of June 30,


2019


2020


RMB


RMB


US$


(Audited)


(Unaudited)


(Unaudited)

ASSETS






Current assets






Cash and cash equivalents

1,988,298


2,004,278


283,687

Short-term investments

10,806,812


11,022,952


1,560,198

Accounts receivable, net

3,231,486


2,967,765


420,060

Amounts due from related parties,
    current

 

29,501


 

36,877


 

5,220

Prepaid expenses and other current
    assets

 

302,285


 

517,357


 

73,227

Total current assets

16,358,382


16,549,229


2,342,392

Non-current assets






Restricted cash, non-current

5,200


5,200


736

Property and equipment, net

281,773


359,799


50,926

Goodwill and intangible assets, net

1,532,024


1,526,772


216,101

Long-term investments

71,664


69,849


9,886

Deferred tax assets

27,782


27,782


3,932

Other non-current assets

879,040


1,093,914


154,833

Total non-current assets

2,797,483


3,083,316


436,414

Total assets

19,155,865


19,632,545


2,778,806







LIABILITIES AND EQUITY






Current liabilities






Accrued expenses and other payables

2,417,438


2,149,244


304,206

Advance from customers

95,636


91,175


12,905

Deferred revenue

1,370,953


1,084,236


153,464

Income tax payable

45,489


118,349


16,751

Amounts due to related parties

36,387


46,538


6,587

Total current liabilities

3,965,903


3,489,542


493,913

Non-current liabilities






Other liabilities

45,534


106,128


15,021

Deferred tax liabilities

538,487


495,697


70,161

Total non-current liabilities

584,021


601,825


85,182

Total liabilities

4,549,924


4,091,367


579,095







Equity






Total Autohome Inc. shareholders’
    equity

14,629,097


15,563,899


2,202,927

Noncontrolling interests

(23,156)


(22,721)


(3,216)

Total equity

14,605,941


15,541,178


2,199,711

Total liabilities and equity

19,155,865


19,632,545


2,778,806

SOURCE Autohome Inc.

Source: https://www.prnewswire.com:443/news-releases/autohome-inc-announces-unaudited-second-quarter-ended-june-30-2020-financial-results-301117636.html

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Press Releases

Surgical Lights Market to Generate $3.83 Bn, Globally, by 2026 at 4.5% CAGR: Allied Market Research

PORTLAND, Ore., Oct. 28, 2020 /PRNewswire/ — Allied Market Research published a report, titled, “Surgical Lights Market by Type (Halogen and LED Lights) and Application (Cardiac Surgery, Gynecological Surgery, Neurosurgery, ENT Surgery, and Others): Global Opportunity Analysis and…

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PORTLAND, Ore., Oct. 28, 2020 /PRNewswire/ — Allied Market Research published a report, titled, “Surgical Lights Market by Type (Halogen and LED Lights) and Application (Cardiac Surgery, Gynecological Surgery, Neurosurgery, ENT Surgery, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.” According to the report, the global surgical lights industry was estimated at $2.71 billion in 2018, and is projected to garner $3.83 billion by 2026, registering a CAGR of 4.5% from 2019 to 2026.

Drivers, restraints, and opportunities-

Significant rise in surgical procedures, and surge in technological developments in surgical lights drive the growth of the global surgical lights market. On the other hand,high cost of LED lights restrains the growth to some extent. However, various growth opportunities in emerging economies are expected to create a number of opportunities in the industry.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6441  

The halogen segment to lead the trail till 2026-

Based on type, the halogen segment accounted for more than half of the global surgical lights market share in 2018, and is expected to rule the roost by the end of 2026. This is due to its wide usage in the hospital and ambulatory settings. On the other hand, the LED segment is projected to register the fastest CAGR of 4.6% during 2019–2026.

The cardiac surgery segment to dominate during the estimated period-

Based on application, the cardiac surgery segment accounted for nearly one-fifth of the global surgical lights market revenue in 2018, and is anticipated to maintain the lion’s share from 2019 to 2026. In addition, the same segment is expected to grow at the fastest CAGR of 5.3% throughout the forecast period.The increased incidence of cardiovascular disorders and surge in surgical procedures for their treatment have fueled the growth of the segment.The market also analyses segments including gynecological surgery, neurosurgery, and ENT surgery.

North America to maintain its top status in terms of revenue-

Based on geography, North America held the major share in 2018, garnering more than one-third of the global surgical lights market, owing to rise in prevalence of disorders such as cardiac diseases and gynecological diseases, among others. At the same time, the Asia-Pacific region would register the fastest CAGR of 5.3% during the study period. This is due surge in demand for healthcare infrastructure, rise in number of hospitals in emerging countries, increase in healthcare reforms, and increase in technological advancements in the field of healthcare.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6441  

Leading players in the market-

  • CV Medical
  • Getinge AB
  • A-dec Inc
  • Herbert Waldmann GmbH & Co
  • Hill-Rom Services
  • BihlerMED
  • S.I.M.E.O.N
  • Medical GmbH & Co. KG
  • Steris plc
  • Skytron

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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SOURCE Allied Market Research

Source: https://www.prnewswire.com:443/news-releases/surgical-lights-market-to-generate-3-83-bn-globally-by-2026-at-4-5-cagr-allied-market-research-301161602.html

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Fineqia investiert in den Blockchain-Fonds IDEO Colab Ventures

LONDON, 28. Oktober 2020 /PRNewswire/ — Fineqia International Inc. (das „Unternehmen” oder „Fineqia”) (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) freut sich bekannt zu geben, dass es sich an dem 21-Millionen-US-Dollar-Fonds IDEO CoLab Ventures („IDEO CoLab Ventures”) beteiligt, der in…

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LONDON, 28. Oktober 2020  /PRNewswire/ — Fineqia International Inc. (das „Unternehmen” oder „Fineqia”) (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) freut sich bekannt zu geben, dass es sich an dem 21-Millionen-US-Dollar-Fonds IDEO CoLab Ventures („IDEO CoLab Ventures”) beteiligt, der in Blockchain- und Krypto-Startups in der Frühphase investiert. Die Investition in IDEO CoLab Ventures wurde über deren Tochtergesellschaft Fineqia Investments Ltd (https://www.fineqia.com/fnq) getätigt.

Zusammen mit Fineqia wird der Fonds von der globalen Designfirma IDEO, die für ikonische Designs wie Apples erste Computermaus und für die Bewältigung komplexer Herausforderungen in den Bereichen Wirtschaft, Soziales und Regierung bekannt ist, von Avanta Ventures (dem Risikokapitalzweig der CSAA Insurance Group), der koreanischen GS-Gruppe und anderen institutionellen Investoren sowie von Führungskräften von IDEO, Coinbase, Twitter und Fortress und von anderen Technologieunternehmen und Finanzinstitutionen unterstützt.

„Die Kombination von Design und Technologie ist die Spezialität einiger weniger Auserwählter, aber das Vergnügen von sehr vielen”, so Fineqias CEO Bundeep Singh Rangar. „Mit unserer Investition möchten wir diese These unterstützen und sie über IDEO CoLab Ventures verbreiten.”

IDEO CoLab Ventures hat in 30 Blockchain- und Krypto-Startups wie Braintrust (https://www.usebraintrust.com, FalconX (https://falconx.io), Messari (https://messari.io) und NEAR (https://near.org) investiert und bei der Inkubation dieser Unternehmen geholfen, indem es die Fähigkeiten von IDEO in Bereichen wie Produktdesign, Kundenforschung und kollaborative Unternehmensnetzwerke einbrachte.

„Mit unseren umfassenden Fähigkeiten in den Bereich Design, Produktentwicklung und Blockchain-Technologie ist es uns möglich, Weltklasse-Unternehmer und Startups aus der ganzen Welt anzuziehen”, erläutert Ian Lee, Geschäftsführer von IDEO CoLab Ventures. „Dies hat zu beispiellosen Investitionsmöglichkeiten und der Chance geführt, mit einigen der weltbesten Gründer und Unternehmen gemeinsam an der Entwicklung dieser wichtigen Technologie und der darauf beruhenden Geschäftsmöglichkeiten zu arbeiten.

Fineqias Investitionen folgen auf andere, wie z.B. in das Blockchain-Versicherungssoftwareunternehmen Black Insurance, die blockchain-basierte Lösung für die Registrierung und Verrechnung von Vermögenswerten, Nivaura Ltd, den blockchain-basierten Vermögensverwalter Wave Financial Ltd, den Premium-Finanzierungs-Software-as-a-Service (SaaS)-Anbieter PremFina Limited und Phunware Inc. eine Enterprise-Cloud-Plattform für die Bereitstellung mobiler Inhalte für Marken weltweit.

Fineqia identifizierte das Wachstumspotential bei der Investition in IDEO CoLab Ventures als Ergänzung und strategische Ausrichtung auf das Kerngeschäft des Unternehmens, die Platzierung von Schuld- und Beteiligungspapieren. Fineqia’s Investitionsverpflichtung als Kommanditist in IDEO CoLab Ventures (https://www.ideocolab.com/ventures/) stellt weniger als 5 % seiner Marktkapitalisierung dar, deren anfängliche Inanspruchnahme weniger als 2 % beträgt.

Über Fineqia Investments Ltd

Fineqia Investments Ltd. ist eine hundertprozentige Tochtergesellschaft von Fineqia International, die gegründet wurde, um das wachsende Portfolio des Unternehmens mit Blockchain-, Fintech- und Kryptowährungs-Technologieunternehmen weltweit aufrechtzuerhalten.

Über Fineqia International Inc.

Fineqia International ist in Kanada (CSE: FNQ) und an Börsen in den Vereinigten Staaten (OTC: FNQQF) und Europa (Frankfurt: FNQA) notiert. Fineqia International legt die Unternehmensführung, die Unternehmenskultur, die Prozesse und die Beziehungen des Unternehmens dar, unter denen das Unternehmen und seine Tochtergesellschaften geführt und verwaltet werden. Fineqia International überwacht und gewährleistet den Erfolg, die Planung und das Wachstum des Unternehmens und aller seiner Tochtergesellschaften. Weitere Informationen finden Sie unter www.venturegloballng.com.

Über IDEO CoLab Ventures

IDEO CoLab Ventures, eine Tochtergesellschaft des globalen Design-Unternehmens IDEO, ist ein 21 Millionen Dollar schwerer Investitionsfonds für die Frühphase, der sich auf Investitionen in und die Beschleunigung von führenden Blockchain-Unternehmern und Startups konzentriert. Weitere Informationen finden Sie unter https://www.ideocolab.com/ventures/.

Für alle Anfragen: Jessica Patterson, JPR-Mediengruppe, T +44 (0) 20 7584 1978, [email protected] 

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https://www.fineqia.com

SOURCE Fineqia International Inc.

Source: https://www.prnewswire.com:443/news-releases/fineqia-investiert-in-den-blockchain-fonds-ideo-colab-ventures-890747367.html

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Leveraging 40x ROI per Month During the Pandemic

How Flanigan’s Seafood Bar & Grill Leveraged Guest Wi-Fi to Supercharge Marketing

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How Flanigan’s Seafood Bar & Grill Leveraged Guest Wi-Fi to Supercharge Marketing

Press Release updated: Oct 28, 2020 09:18 EDT


Aislelabs Inc. is pleased to announce a new case study with their partner Flanigan’s Seafood Bar & Grill. The family-style dining restaurant was founded in 1959 and has progressively grown to over 20 locations across Florida. The new case study is available here.

The new Aislelabs case study details how the product suite helped Flanigan’s navigate the challenges of the COVID-19 pandemic. Connect, the Wi-Fi marketing module, leveraged the collected demographic and behavioural information from each customer for intelligent segmentation and targeting. It presents the return on investment (ROI) of 40x per month, with 20 million emails sent, and capturing 180k customer signups across 23 restaurants. You can learn more about it here.

Aislelabs services numerous industry verticals including airports, retail, brands, coffee shops, cafes, restaurants, venues, hospitality, and shopping centres. They work with top-tier property managers around the globe and can support even the largest of enterprise businesses. To learn more about Aislelabs, visit their website at http://www.aislelabs.com or contact Aislelabs at 1 (888) 765-3645 or by email media(at)aislelabs(dot)com.

About Aislelabs Inc.: Aislelabs is a technology company offering the most advanced Customer Data Platform, Wi-Fi location marketing, advertising, and analytics platform in the market. They help clients build relationships with visitors and shoppers, marketing to them based on their behaviour inside brick-and-mortar spaces. Aislelabs technology empowers their clients to target audiences across all digital channels and create high-impact campaigns with measurable ROI.

Source: Aislelabs Inc.

Source: https://www.newswire.com/news/leveraging-40x-roi-per-month-during-the-pandemic-21244326

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