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Capital Drawn to the Science City, CIVC 2020 Brought to a Successful Close

CONGQING, China, Oct. 29, 2020 /PRNewswire/ — The past three days have witnessed one opening ceremony and main forum, one closed-door meeting, five thematic forums, one project roadshow, exhibitions and demonstrations through the whole event, nearly a hundred VC industry leaders from…

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CONGQING, China, Oct. 29, 2020 /PRNewswire/ — The past three days have witnessed one opening ceremony and main forum, one closed-door meeting, five thematic forums, one project roadshow, exhibitions and demonstrations through the whole event, nearly a hundred VC industry leaders from China and other countries, delegates from 500 enterprises of different industries and sectors, an online audience of nearly 10 million professionals, 15 VC projects signed with a total contract value of up to RMB 67.555 million, and 118 enterprise projects with financing needs matched with investment institutions. On October 24, Chongqing International Venture Conference (CIVC) 2020 came to a successful close at Western (Chongqing) Science City.

The conference took the theme of “Intelligence• Innovation• Entrepreneurship: Explore Western (Chongqing) Science City”. It was hosted by Western (Chongqing) Science City, co-organized by Chongqing Science and Technology Bureau, Chongqing Local Financial Supervision and Administration Bureau, and the People’s Government of Shapingba District, Chongqing, and implemented by IDG World Expo China.

Expertise and Attention from Global VC Institutions Drawn to West China

Opinions on international VC forms, the construction of the ChengduChongqing economic circle, and investment opportunities in Chongqing were shared by delegates from international and domestic VC organizations and institutions, including Hugo Shong, founding chairman of IDG Capital; Haitao Jin, chief managing partner of Qianhai Fund of Funds; Jim Breyer, founder of Breyer Capital; Michael Yi, partner and co-CIO of Hillhouse Capital Group; Bing Xiao, president of Fortune Capital; Wenzhong Zhang, founder of Wumart Stores, chairman of Dmall, founding chairman of Taikang Group, and angel investor of Mashang Consumer Finance Co., Ltd.; Guangfu Cui, partner of IDG Capital; Hao Chen, president of Legend Capital; Ruigang Li, founding partner of CMC Capital Group; Zhengdong Ni, chairman and founder of Zero2IPO Group; James Shen, vice president of Qualcomm and managing director of Qualcomm Ventures; Wei Li, founding partner and chairman of Green Pine Capital Partners; Min Wang, Changjiang Scholar, distinguished professor, deputy director of the Academic Committee of Central Academy of Fine Arts, and founding partner of Huajin Huiyuan Management Fund.

At the conference, delegates from investment institutions such as IDG Capital, Qualcomm Ventures, and Hillhouse Capital Group noted that more than paying attention to Chongqing, they were working to introduce a number of enterprises to develop in the city. Moreover, they will facilitate the matchmaking between the leading companies that they have invested in and Chongqing, to extend the ecological development chain of the companies to Central-West China. They will further expand their investment presence in Chongqing and enlarge their investment scale to grasp the development opportunities of the ChengduChongqing economic circle.

Mr. Ran Peleg, Consul General of Israel to Chengdu, made a detailed introduction to the innovative development and VC situation in his country. In his eye, Chongqing is an energetic city driven by innovation and the central city in the development of West China, which enjoys and will enjoy great development space and opportunities. He said, Israel will further deepen the cooperation with Chongqing, to develop mutual exchanges and cooperation in technology and enterprises based on the national and regional development characteristics of industries and sectors, jointly promoting great development and cooperation.

Identifying VC Trends and New Visions from Multiple Perspectives

As an old saying in Chinese goes, “One should never be unduly elated by victory or depressed by defeat.” CIVC set five thematic forums, namely, VC Forum, Enterprise Growth Empowered by PE/M&A, Capital + Chengdu-Chongqing New Economy, Fintech Innovation Investment & Post-investment Enterprises Growth, and “Cloud Forum”: Exploring Chongqing to Discover the Power of Innovation, where delegates from investment institutions discussed new VC trends.

At the VC Forum, Mr. James Shen, vice president of Qualcomm and managing director of Qualcomm Ventures, delivered a speech titled “Investment Strategy of Qualcomm Ecology”. He noted in the speech that in 5G application and empowerment, there are four aspects worth of attention, namely, terminal AI, XR and multimedia, autopilot and robots, IoT and IoV. The investment in terminal AI emphasizes vertical platforms, typical application, and key technology. In terms of XR and multimedia, Qualcomm favors scenario-based investment and pays attention to new business models. In autopilot and robots, attention should be placed on the application scenarios of remote sites; while in IoT and IoV, on the scenarios of companies’ private network. Western (Chongqing) Science City can provide some scenarios to facilitate such kind of entrepreneurship. Qualcomm’s VC fund in the 5G ecosystem is valued USD 200 million and the company is willing to exchange with startups in 5G and 5G-related industries for common development.

In his speech at the forum on Enterprise Growth Empowered by PE/M&A, Mr. Dave Chen, founder, CEO, and managing partner of Oceanpine Capital, noted that most clients of hard and core technology are in traditional industries, representing markets worth of over RMB 1 billion. To satisfy the needs of each of these markets, one must truly understand the industry and the sector. Hard and core technology start-ups must be connected to resources and technology of the industry. Despite outstanding products and technology, many young entrepreneurs fail to match with those giant clients and companies due to a lack of experience in the industry; as a result, they go on a hard road and are even harder to be successful. Therefore, it is important to understand industries and match resources.

At the forum on Fintech Innovation Investment & Post-investment Enterprises Growth, Mr. Ge Yang, founding partner of Sky Saga Capital, delivered a speech titled “Market Investment Opportunities and New Trends of Scientific and Technological Innovation”. In his view, “New Infrastructure”, the new term created by the state this year, refers the construction of fundamental environment for AI, intelligent manufacturing, biomedicine, and other industries to develop in the next 50 years, including the environment of finance, sector science and technology, R & D, industries, which is worth paying attention to.

At the “Cloud Forum”: Exploring Chongqing to Discover the Power of Innovation, Mr. Steve Hoffman, entrepreneur from Silicon Valley, U.S., angel investor, and founder of the Silicon Valley incubator Founders Space, delivered a speech in VCR. He said, when choosing an investment target, he will not focus on the technology. Mr. Hoffman will not recommend an entrepreneur to develop technology, as it requires years or even decades. What he cares is whether an entrepreneur is able to discover – to discover some technology and put it into use, use it in new ways, to solve the business problems that really matter.

Jointly Promoting Industrial Development in Chongqing and Looking Forward

As the venue of this conference, Western (Chongqing) Science City introduced relevant financial policies in the Implementation Plan for the Financial Support for the Construction of Western (Chongqing) Science City at the opening ceremony. According to the policies, long-term funds such as those of wealth management subsidiaries of banks as sources of VC funds are encouraged; loans + forwards are supported; there will be innovative science and technology lending; and it is encouraged to carry out special examination for financial institutions. The required proportion of local investment of government-shared funds will be lower; pilots of fund share transfer in the regional equity trading market will be carried out; and pilots of tax concession for VC companies are in the pipeline. Rewards will be granted to institutions that obtain domestic financial licenses; subsidies will be granted to entering banks, insurers, and equity investment funds; risk compensation of up to 50% will be granted to equity investment institutions that fail in investment. For an enterprise, it will receive interest discount for loans in the early stage, subsidies at different milestones in the processing of going public, and rewards for the release of IPO and follow-up refinancing. With 64 policies and opinions in four aspects, Western (Chongqing) Science City has made the most sincere gesture, providing policy guarantees in guiding financial capital to boost industrial upgrades and development.

To accelerate the construction of the ChengduChongqing economic circle, Chongqing has made early planning and layout. At CIVC 2020, a number of capital VC projects were signed. Chongqing Industry Guiding Fund, Chongqing Angel Investment Guiding Fund, Chongqing Yufu Holding Group, and Chongqing Hi-tech Industrial Development Zone signed 15 cooperation agreements with IDG Capital, Green Pine Capital Partners, Linghang Ventures, CMB International, and BOE Technology Group. The investment, with a total contract amount of up to RMB 67.555 billion, involves the fields of next-generation IT, intelligent manufacturing, advanced equipment, new energy, new materials, industrial Internet, AI, biomedicine, TMT, integrated circuit, power equipment.

At the Roadshow of Chongqing Innovation and Entrepreneurship Projects, 10 local high-quality innovation enterprises and projects from Chongqing in biomedicine, semiconductor, energy, and electronic technology were presented. Delegates from top investment institutions from home and abroad attended the session and offered comments as VC mentors. Several outstanding projects were recognized by the mentors and will have opportunities for deeper cooperation. The roadshow also attracted attention from managers of Chongqing Hi-tech Industrial Development Zone, Scientific Attaché at the Consulate General of Italy, and many industry elites, who attended the session as guests.

To build a bridge that connects enterprises and investment institutions, the conferences set up exhibition and demonstration zones. In those zones, delegates from 118 enterprises with financing needs provided visitors with demonstration of and introduction to relevant technology, products, and projects. On the site, delegates from investment institutions had in-depth understanding and inquiries of the projects. Many investment institutions had investment intentions for relevant projects and will deepen the engagement for any possible cooperation opportunities.

The conference drew intensive attention from VC institutions from all over the world to Western (Chongqing) Science City. It presented the current development trends in VC and the layout of industrial development. In the future, it is hoped that the investment institutions will turn their attention into investment practice and that VC institutions will move their investment layout westwards, to support Chongqing’s development together with Western (Chongqing) Science City.

SOURCE IDG World Expo

Source: https://www.prnewswire.com:443/news-releases/capital-drawn-to-the-science-city-civc-2020-brought-to-a-successful-close-301163619.html

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Chengdu making strong push to foster next-gen AI technology

CHENGDU, China, Nov. 26, 2020 /PRNewswire/ — Chengdu, capital city of Southwest China’s Sichuan province, is working to develop a national pilot zone for advancing next-generation artificial intelligence. The Chengdu municipal government revealed an action plan promoting the development…

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According to the plan, Chengdu will invest more than 100 billion yuan ($15.2 billion) in over 170 major projects over two years to support the regional AI industry. It will focus on developing a core area, an innovation hub and several industrial parks.

The core zone is the Chengdu Hi-tech Industrial Development Zone, a national-level innovation center in the city. It is projected to have more than 10 billion yuan in AI-related industrial output value by 2022.

The Tianfu New Area, home to the Chengdu Science City, will be a hub of AI innovation. It is estimated that the scale of its AI industry will surpass 5 billion yuan in 2022.

AI technologies will also be applied in 10 industrial parks including Tianfu Smart Production Industrial Park and Qingbaijiang European Industrial Park to support regional industrial upgrades.

In September, Chinese communication technology giant Huawei agreed to build an AI-based big data center in the Chengdu Hi-Tech Industrial Development Zone. The project will result in an integrated big data processing center to serve economic development of Chengdu and its neighboring Chongqing city. There will also be three platforms to support Chengdu’s urban management, AI innovation and digital economy. Huawei’s total investment will be around 10.9 billion yuan.

According to local officials, the urban management platform will support smart development in fields such as traffic, security, healthcare, contingency management, education and environmental protection. The innovation-supporting platform will help local research institutes carry out advanced technology development.

Representatives from Huawei said the big data center will help the company build an industrial chain with products and solutions “developed in Chengdu, manufactured in Chengdu, and applied in Chengdu and beyond”. The big data center will support Huawei’s research and development while meeting computing and data storage demand of key industries across the city.

The center will bring Huawei’s advanced technologies in 5G, cloud, AI and computing to serve Chengdu’s new infrastructure projects and smart city construction, the telecoms giant said.

In June, Chinese internet search giant Baidu joined hands with the Chengdu Hi-tech Industrial Development Zone to promote its self-driving taxi service, the Apollo Go Robotaxi, in Chengdu. The movement will support the autonomous driving sector’s development in the city.

Chengdu Supercomputing Center, the first of its kind in Southwest China, started trial operations in September. Government officials said the supercomputing center will strongly support AI industry growth in the region.

A representative from the center said designers had considered using the center to support local AI development even before its construction started. The center can meet various AI computing demands and will help to lower developers’ investment and operational costs.

In the future, the center will attract more computing professionals while establishing partnerships with leading universities and institutes.

To build a national pilot zone for next-generation AI, Chengdu will promote cooperation among universities, research institutions and enterprises for industrialization of research results. The zone is expected to become an important technological engine to drive local growth, making Chengdu and the broader region that encompasses Chengdu and Chongqing an influential innovation hub in China.

The move is expected to create a better development environment for businesses, allowing them to enjoy better infrastructure, data and talent resources, according to local officials.

SOURCE Chengdu Municipal Government

Source: https://www.prnewswire.com:443/news-releases/chengdu-making-strong-push-to-foster-next-gen-ai-technology-301181080.html

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Malgré l’augmentation de 250 % des tentatives de fraude enregistrée depuis le début de la COVID-19 par IDnow, le taux de détection de la fraude reste excellent

MUNICH et HAMBOURG, Allemagne, 27 novembre 2020 /PRNewswire/ — IDnow (www.idnow.io), l’un des plus grands fournisseurs de solutions de vérification d’identité en tant que service, a publié dans son « Cyber Security Report 2020 » ses derniers chiffres sur l’évolution des méthodes de…

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Depuis le début de l’année, IDnow a constaté une augmentation générale de la demande de services et de processus numériques. En plus d’avoir constitué un terrain propice à de nouvelles arnaques, ce phénomène a contribué à l’évolution des méthodes de fraude, dont le nombre a explosé durant l’année.

Entre mars et juin, moment auquel de nombreux pays ont imposé un confinement et que les processus ont dû se mettre en mode numérique, IDnow a vu le vol d’identité évoluer : Pendant cette période, les cas de fraude basée sur la ressemblance ont augmenté de 231 %, tandis que la fraude basée sur de fausses pièces d’identité a fait un bond de 180 % et les attaques d’ingénierie sociale ont grimpé de 75 %.

On constate aussi que les fraudeurs font preuve d’inventivité pour s’adapter au contexte de la pandémie. IDnow a ainsi relevé de nouveaux modus operandi, en particulier dans le domaine des fraudes d’ingénierie sociale : pour attirer leurs victimes, les fraudeurs utilisent par exemple des demandes d’aide gouvernementale ou encore de fausses offres d’emploi, tirant parti de la hausse du taux de chômage.

« Ces derniers mois, notre système de sécurité a enregistré une hausse importante du nombre de cas de fraude et a vu passer une multitude de nouvelles méthodes frauduleuses contre lesquelles nous protégeons nos clients. Nous avons investi dans un concept global et un système de détection précoce des indicateurs pour garder une longueur d’avance sur les fraudeurs, a déclaré Armin Bauer, cofondateur et directeur général de la technologie chez IDnow. En plus de systèmes d’alerte techniques, nous avons mis sur pied une équipe de lutte contre la fraude chargée de faire des recherches sur le dark Web, de tester de fausses publicités et de discuter avec des victimes pour étudier l’approche exacte des fraudeurs pour déjouer les tentatives de fraude ou les détecter plus tôt. »

« Malgré l’apparition de ces nouvelles méthodes et l’augmentation du nombre de tentatives de fraude, je suis heureux de noter que le taux de fausses acceptations (TFA) est stable par rapport à l’année passée. »

Pour télécharger le rapport complet, cliquez ici : https://www.idnow.io/security-report/

À propos d’IDnow 

Avec sa plate-forme de vérification d’identité en tant que service (IVaaS), IDnow a pour objectif de rendre le monde connecté plus sûr. La vérification d’identité inviolable d’IDnow est utilisée dans tous les secteurs d’activité où les interactions avec les clients en ligne nécessitent un haut degré de sécurité. IDnow utilise l’intelligence artificielle pour vérifier toutes les caractéristiques de sécurité des documents d’identité et peut donc repérer les faux documents de manière fiable. Il est potentiellement possible de vérifier l’identité de plus de 7 milliards de clients de 193 pays différents en temps réel. Outre la sécurité, l’entreprise mise sur la convivialité pour les clients, ce qui explique pourquoi la technologie IDnow a obtenu cinq étoiles sur cinq sur le portail d’avis de consommateurs Trustpilot.

IDnow couvre un large éventail d’utilisations, tant dans des secteurs réglementés européens qu’en ce qui a trait à des modèles commerciaux numériques inédits du monde entier. La plate-forme permet d’adapter le flux d’identité à différentes exigences régionales, juridiques et commerciales, au cas par cas.

IDnow est soutenue par les investisseurs en capital-risque Corsair Capital, BayBG, Seventure Partner, G+D Ventures ainsi qu’un consortium de Business Angels de renom. Son portefeuille de plus de 250 clients comprend de grandes entreprises internationales issues de divers secteurs, comme la Bank of Scotland, BNP Paribas, la Commerzbank, eventim, Raisin (Weltsparen), Sixt, solarisBank, Telefonica Deutschland, UBS et Western Union, ainsi que des entreprises fintech telles que Fidor, N26, smava et wefox.

Contact pour la presse chez IDnow :
Christina Schwinning
[email protected] 
+49 89 41324 6054 

Photo – https://mma.prnewswire.com/media/1342868/Armin_Bauer_IDnow.jpg 
Logo – https://mma.prnewswire.com/media/1342896/IDnow_Logo.jpg

Related Links

http://www.idnow.eu/

SOURCE IDnow GmbH

Source: https://www.prnewswire.com:443/news-releases/malgre-l-augmentation-de-250-des-tentatives-de-fraude-enregistree-depuis-le-debut-de-la-covid-19-par-idnow-le-taux-de-detection-de-la-fraude-reste-excellent-800877792.html

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Popular Mobile App PlantSnap Has Been Released in the AppGallery

The plant-recognition application will now be available in the official Huawei app store. SHENZHEN, China, 27 listopada 2020 r. /PRNewswire/ — PlantSnap, a mobile application that allows users to instantly identify plants with just a few clicks, while also connecting them with a global…

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The plant-recognition application will now be available in the official Huawei app store.

SHENZHEN, China, 27 listopada 2020 r. /PRNewswire/ — PlantSnap, a mobile application that allows users to instantly identify plants with just a few clicks, while also connecting them with a global community of plant and nature enthusiasts, has been released in AppGallery.

“PlantSnap is thrilled to partner with Huawei and join the AppGallery. People in mainland China are concerned about the environment and are taking great measures to protect it, and PlantSnap will now be able to help their effort,” said Eric Ralls, Founder and CEO of PlantSnap, Inc. “We wouldn’t have had access to that market without Huawei’s help.”

Delivering PlantSnap Benefits to Users

PlantSnap allows users from all over the world to interact with an online social community of nature and plant lovers. Users from around the globe can:

  • Get together any time of the year and post photos to discuss gardening and nature conservation
  • Learn more about protecting the planet
  • See photos taken from all over the world in the map feature, updated every day in the “Explore” section

The app has been downloaded over 42 million times and has more than 700 thousand plants in its database. Currently, PlantSnap is available in 37 languages and it is used in roughly 200 countries around the world every day. Through their partnership with the Huawei AppGallery, the PlantSnap team is excited to better serve their growing community of plant and nature enthusiasts around the globe.

Technology Support from Huawei

“Huawei has provided us with every resource, from phones for testing to budget for partnership marketing and development,” said Ralls. “The capabilities and services provided by HMS were easily interchangeable inside our existing infrastructure, which made the whole migration process seamless.”

Many Huawei kits were integrated into the application, including Account Kit, In-App Purchases Kit, Analytics Kit, Remote Configuration, Auth Service, Push Kit, Location Kit, and more.  Huawei also played a crucial role in helping PlantSnap obtain the licensing needed to be published and sold in mainland China, where there are currently over 850 million potential users.

AppGallery – One of the Top 3 App Marketplaces Globally

Launched in over 170 countries and regions, AppGallery is committed to meeting the diverse yet focused needs of its 500 million active users. The app marketplace actively seeks out partnerships with global and local developers to invite them on board the platform. This allows AppGallery to remain an open and innovative app distribution platform that is accessible to all.

AppGallery recognises the importance and contributions of its developers and is fully dedicated to their success. AppGallery provides full-spectrum operational support for developers worldwide as well as several developer-centric initiatives, empowering developers to innovate further in app development.

For more information, please visit the Huawei Developer website at https://developer.huawei.com/consumer/en/ or the Huawei Developer Forum at https://forums.developer.huawei.com/forumPortal/en/home

SOURCE AppGallery, Huawei

Source: https://www.prnewswire.com:443/news-releases/popular-mobile-app-plantsnap-has-been-released-in-the-appgallery-856519887.html

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