Midea Group moves up to 245th on 2022 Fortune Global 500 list

(Graphic: Business Wire)

KUALA LUMPUR, Aug 3 (Bernama) -- Midea Group has been listed on the Fortune Global 500 for the seventh consecutive year, this time with its ranking moved up to No. 245 on the 2022 Fortune Global 500 list.

According to a company statement and its annual report published in April, the company's annual revenue grew 20.06 per cent in 2021, reaching an all-time high of RMB343.4 billion. (RMB100 = RM65.97)

Midea adheres to its strategic focus on “technology leadership”, and has been accelerating its technology-driven transformation.

For its C-suite businesses, the company is committed to providing the best experience for whole-house smart home appliances and services through using the Internet of Things (IoT) and artificial intelligence (AI) technology.

With its digital building service platform, Midea Building Technologies provides one-stop solutions that are intelligent, digital, and low-carbon.

The company’s robotics and automation division focuses on providing solutions for industrial robotics, automatic logistics systems, and transmission systems for future factory-related fields, as well as solutions for health care, entertainment, and new consumption, among others.

In addition, Midea has been seeking breakthroughs in overseas markets; recently, COSCO-owned CSP Abu Dhabi signed an agreement with Midea for the joint construction of an overseas warehouse transit centre in the Middle East, which will make it easier for international users to access Midea products.

Midea Group has upheld its philosophy of creating a better life through technology ever since its establishment 54 years ago. Its products and services are used and enjoyed by 400 million consumers in over 200 countries and regions.

-- BERNAMA

Sphera named leader in carbon management software market by Verdantix

KUALA LUMPUR, Aug 3 (Bernama) -- Sphera, has been named a leader in the carbon management software market by Verdantix, an independent analyst firm, in its newest Green Quadrant report.

Sphera is a leading global provider of environmental, social and governance (ESG) performance and risk management software, data and consulting services.

“We are very proud to be recognised by Verdantix as a leader in carbon management software,” said Sphera’s chief executive officer and president, Paul Marushka.

“Sphera is committed to helping our customers develop robust, science-based net zero targets that are measurable, actionable and auditable.”

The Green Quadrant Carbon Management Software report aims to help organisations better understand the market evolution of the carbon management software ecosystem by taking a deep dive into the current software platform offerings.

The benchmark report, based on the proprietary Verdantix Green Quadrant methodology, assessed 17 capability and 10 market momentum categories.

According to a statement, Sphera was awarded the highest score among vendors for carbon emissions calculation engine, data modelling for both Scope 3 upstream and downstream and carbon disclosure management.

Sphera also received top scores for net-zero strategy development, data acquisition and data management, with automated data capture capabilities and integration with internal IT systems noted as key strengths.

Additionally, Sphera received the highest score among vendors for carbon financial management.

-- BERNAMA

SCRUT RISK MANAGEMENT TO HELP CUSTOMERS MANAGE RISKS EFFECTIVELY

KUALA LUMPUR, Aug 2 (Bernama) -- Scrut Automation, a leading compliance automation platform, has unveiled the Scrut Risk Management, a first-of-its-kind risk assessment tool to boost its offerings in the compliance automation industry.

“Legacy enterprise risk management tools are bulky to use and are often an overkill for growth stage and mid-market startups.

“Scrut Risk Management is built to bring enterprise-grade risk assessment to this segment through an automated risk observatory around multiple cyber assets, processes and endpoints,” said co-founder, Kush Kaushik in a statement today.

Scrut Risk Management is an advanced, easy-to-use, lightweight product that aims to help its customers gain complete visibility into their risks, allowing them to prioritise and manage risks better.

Its features include automated risk identification, ready integrations, real-time risk register, mitigating controls monitoring and risk assessment reports.

With out-of-box integrations, the tool connects across an organisation's application landscape to identify potential risk areas.

It also has a real-time risk register that gives a comprehensive view of all organisational risks, strategies and actions adopted to manage them, and residual risks.

More details are available at www.scrut.io.

-- BERNAMA

AM BEST ANNOUNCES APPOINTMENT OF ROB CURTIS TO ITS ASIA-PACIFIC OPERATIONS

 SINGAPORE, Aug 3 (Bernama-BUSINESS WIRE) -- AM Best is pleased to announce Rob Curtis as managing director of market development for the Asia-Pacific region.

Curtis, who has 34 years of experience working in the insurance and reinsurance markets, will be based in Singapore and report to Andrea Keenan, executive vice president and chief strategy officer. The appointment was effective 1 July 2022.

Prior to joining AM Best, Curtis was the head of the major groups and technical expert teams at Hong Kong’s Insurance Authority (IA), responsible for the development of Hong Kong’s new group-wide supervision and macro-prudential frameworks. Additionally, he was the chair of the International Association of Insurance Supervisors (IAIS) working group on group-wide supervision during his time at the regulatory body. Prior to the IA, Rob was KPMG’s global regulatory lead for insurance while concurrently heading up the Asia-Pacific (ASPAC) insurance risk and regulatory practice.

“We are excited to have Rob join our teams in Asia given his extensive experience in those markets,” said Keenan. “Together, we look forward to developing AM Best’s profile further in major Asia-Pacific markets.”

Curtis also will serve as co-CEO of A.M. Best Asia-Pacific (Singapore) Pte. Ltd. He holds advanced degrees in the areas of financial services and management, and is a distinguished fellow of the IAIS and an honorary fellow of the Institute and Faculty of Actuaries. He can be reached at robert.curtis@ambest.com.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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Contact

Edem Kuenyehia
Director, Market Development
& Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com

Jeff Mango
Managing Director,
Strategy & Communications
+1 908 439 2200, ext. 5204
jeffrey.mango@ambest.com

Source : AM Best

ZENAS BIOPHARMA OBTAINS IND APPROVAL IN CHINA FOR PHASE 1/2 STUDY OF ZB001 FOR THE TREATMENT OF THYROID EYE DISEASE

WALTHAM, Mass and SHANGHAI, China, Aug 1 (Bernama-GLOBE NEWSWIRE) -- Zenas BioPharma, a global biopharmaceutical company committed to becoming a leader in the development and commercialization of immune-based therapies for patients in need around the world, announced that it has received approval of its Investigational New Drug (IND) application from the National Medical Products Administration (NMPA) of China for the initiation of a Phase 1/2 clinical study of ZB001 for the treatment of Thyroid Eye Disease (TED). The main objective of the Phase 1/2 is to evaluate the safety, tolerability, pharmacokinetics, and preliminary efficacy of ZB001.

TED is a debilitating vision-threatening autoimmune disease that causes inflammation and fibrosis within the orbit of the eye. With no approved therapies for TED patients in China, treatment options are limited and often involve high doses of steroids associated with serious side effects or surgical intervention. ZB001 is a differentiated humanized monoclonal antibody targeting insulin-like growth factor 1 receptor (IGF-1R) intended for the treatment of TED. 

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​CHARGEBEE ENABLES SUBSCRIPTION BUSINESSES TO COMBAT ECONOMIC TURMOIL WITH 2022 SUMMER PRODUCT RELEASE

New Product Launch Leans Heavily on Customer Retention, Monetization and Streamlining Revenue Operations

San Francisco, Calif., July 29 (Bernama-GLOBE NEWSWIRE) -- Chargebee, the leading subscription management platform, today announced its Summer 2022 Product Release. The slate of new products and features is focused on enabling high-performing subscription businesses to monetize their existing customers and fend off the growing threats of a tumultuous economy. These new products help businesses build their cash reserves and maintain their customer base at a time when many businesses - and their customers - are struggling with the realities of inflation and drying up of venture capital, the lingering effects of COVID-19 and a decimated global supply chain. 

The centerpiece of Chargebee’s Summer 2022 Product Release is Chargebee Retention, formerly Brightback, which along with Chargebee Receivables (numberz), and RevRec (RevLock), all acquired by Chargebee over the last 18 months, represent Chargebee’s initial foray into becoming a true multi-product company. 

Chargebee Retention allows businesses to focus on keeping the customers they already have at a time when both businesses and consumers are being forced to evaluate everything in their portfolios and make difficult decisions. Chargebee Retention enables businesses to customize cancellation experiences with offers geared towards continuing the customer relationship and allows businesses to test out personalized retention-magnet strategies to minimize voluntary churn and strengthen customer lifetime value with an ROI of as much as 800%.

“For subscription businesses, acquiring new customers is at least 2.5 times more expensive than upselling or expanding an existing customer. This factor can be even higher with intelligent automation that decreases customer churn while increasing the chances of expansion,” said Mark Thomason, IDC Research Director responsible for Digital Business Models and Monetization practice. “While these retention capabilities are critical during these tumultuous times, keeping happy customers is always in vogue.” 

http://mrem.bernama.com/viewsm.php?idm=43770

WEJO JOINS MONET CONSORTIUM TO FURTHER INTERNATIONAL MOBILITY INNOVATION

 Wejo becomes one of a growing list of companies to join the Consortium in a united front for mobility innovation

MANCHESTER, England, Aug 1 (Bernama-BUSINESS WIRE) -- Wejo, a global leader in Smart Mobility for Good™ and cloud and software solutions for connected, electric, and autonomous vehicles, today announced it has joined the MONET Consortium, an organization actively promoting collaboration and innovation for mobility services in Japan. As part of the MONET Consortium, Wejo will have the opportunity to work with companies selected from the hundreds of diverse and industry-leading members to drive forward mobility innovation and the mobility-as-a-service (MaaS) market, which could be worth $61 billion in 2030, according to Yano Research Institute.

Bringing its groundbreaking solutions to the table, Wejo will provide new perspectives and ideas to the collective conversation while extending its influence in Japan which has the 3rd largest economy in the world and a high level of urbanization, making it naturally incentivized to develop smart mobility innovations. Japan, according to Statista’s “Automobile Sector in Japan” report, also produces 8.1 million vehicles per year, which aligns with Wejo’s aim to make a more globalized impact with its connected vehicle data and Smart Mobility for Good™ technology.

“With the anticipated growth of MaaS offerings in Japan, we see the potential for a nearly three-billion-dollar addressable market by 2030 for Wejo Smart Mobility for Good products and services,” said Richard Barlow, founder and CEO at Wejo. “We’re honored to be a part of the MONET Consortium and be part of the conversations that will help accelerate mobility innovation in Japan.”

Founded in March 2019 by MONET Technologies, Inc., a jointly sponsored venture between SoftBank Corp., Toyota Motor Corporation and other mobility-focused companies, it includes organizations from a wide range of industries such as construction, finance, education, and real estate. With this assortment of member companies, the MONET Consortium takes advantage of a diversity of thought that can enhance and better serve the mobility technology used by governments and businesses today, as well as those being developed for the governments and businesses of the future. Through MaaS business development in anticipation of autonomous solutions, the MONET Consortium aims to drive next-generation mobility services, address social issues in mobility, and create mobility values.

Wejo’s role in the MONET Consortium will be to offer expert input for the betterment of the mobility ecosystem. In return for its contributions, Wejo hopes to draw valuable insights from fellow member companies to craft a more holistic suite of data analytics products so that they can better address the needs of potential customers.

To learn more about the MONET Consortium, visit https://consortium.monet-technologies.com/.

About Wejo

Wejo Group Limited is a global leader in cloud and software analytics for connected, electric, and autonomous vehicles, revolutionizing the way we live, work and travel by transforming and interpreting historic and real-time vehicle data. Wejo enables Smart Mobility for Good^TM smarter mobility by organizing trillions of data points collected from approximately 13 million vehicles and 76.7 billion journeys to date, across multiple brands, makes and models, and then standardizing and enhancing those streams of data on a vast scale. Wejo partners with ethical, like-minded companies and organizations to turn that data into insights that unlock value for consumers. With the most comprehensive and trusted data, information and intelligence, Wejo is creating a smarter, safer, more sustainable world for all. Founded in 2014, Wejo employs more than 300 people and has offices in Manchester, UK and in regions where Wejo does business around the world. For more information, visit: www.wejo.com or connect with us on LinkedIn, Twitter, and Instagram.

Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. For more information, please follow this link:
https://www.wejo.com/forward-looking-statements

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Contact

Media:
Ben Hohmann, Wejo
ben.hohmann@wejo.com

Danielle Montana, Peppercomm on behalf of Wejo
dmontana@peppercomm.com

Investors:
Tahmin Clarke, Wejo
tahmin.clarke@wejo.com

Source : Wejo Group Limited