Today's highlights: Marriott International Group refines its development strategy in China. Perfect Diary’s parent company Yixian E-commerce will acquire skin care brand Eve Lom. Saisheng Pharmaceutical is listed on the main board of the Hong Kong Stock Exchange. WuXi AppTec completed the acquisition of British gene therapy technology company OXGENE. LG Innotek develops the world's first "Wi-Fi 6E module for vehicles" to use the next generation of Wi-Fi technology. Air taxi company Volocopter announced a 200 million euro Series D financing. Horizon and BYD have reached a strategic cooperation to accelerate the research and development and mass production of smart cars.
Travel and Hotels
Marriott International Group refines its development strategy in China, presenting a rich guest experience with a brand + destination layout. Currently, Marriott International has operated more than 400 hotels in nearly 100 cities, covering 24 hotel brands, of which high-end and luxury brands account for 70%. In the next three years, Marriott International plans to focus on expanding its selected service brand camp on the basis of continuing to lead the market share of high-end and luxury brands. This year, Marriott International Group will focus on four aspects to promote the brand + destination development strategy. The first is to promote the development of lifestyle hotel brands to layout the domestic leisure and tourism market. Secondly, diversify brand layout in key destinations such as first-tier cities. Third, we will deepen our efforts in luxury hotel categories in tourist destinations and create personalized brand propositions based on the characteristics of China's younger consumption formats. Fourth, Marriott International Group will also increase its development of dual-brand hotels and selected hotel brands.
Wanfeng Hotel brand under Marriott International Group has entered Qinhuangdao, Hebei. , the newly unveiled Qinhuangdao Harbour Wanfeng Hotel is located in the Haigang District of Qinhuangdao City. It has convenient transportation and provides convenient access to the main commercial centers and historical sites in the region. The opening of the hotel will further accelerate the expansion of Marriott International in North China and will bring the Wanfeng brand’s “simple beauty” travel experience to guests who come to explore the beauty of Qinhuangdao’s city.
Consumer Products and Catering Retail
Perfect Diary parent company Yixian E-commerce will acquire skin care brand Eve Lom. The seller of this transaction is Manzanita Capital, which will continue to retain minority equity in the business and reach a strategic partnership with Yixian E-Commerce. The acquisition is expected to be completed in the coming weeks. The Eve Lom brand was founded in London in 1985 by Ms. Eve Lom, a star beautician of Europe, and launched a product series of the same name, adhering to the skin care concept of "luminous skin, start with cleaning". Yixian E-commerce (NYSE: YSG) has launched three high-growth makeup and skin care brands: Perfect Diary, Ottin and Wanzi Xinxuan, and has acquired the well-known high-end skin care brand Galénic.
Disney Store launches the Vitality Minnie series, with ballet artist Tan Yuanyuan shining interpretation. Disney Store launched the Vital Minnie Supreme Series, which is the first time that Disney Store has launched a high-end fashion bag series inspired by Minnie in mainland China, with an elegant interpretation of international ballet artist Tan Yuanyuan.
Perpetual Riga Innovation Drives the Future and strives to promote the 2030 Corporate Social Responsibility Action Plan. Pergola Liga Group recently announced that as an important part of the 2030 Corporate Social Responsibility Action Plan for "Good Times, Good Places", its three major brands Absolute Vodka, Beautiful Times Champagne and Bifida Gin have recently launched a series of innovative packaging measures.
BSI releases the white paper "Food Supply Chain Integrity and Food Fraud Prevention". Recently, BSI released the white paper "Food Supply Chain Integrity and Food Fraud Prevention" to help organizations identify threats and vulnerabilities and improve companies and brands' ability to deal with food fraud crises.
KBSF signed a US$1.5 million memorandum of understanding, which will be used for the operation of Luxventure social e-commerce platform. , a leading Chinese comprehensive casual men's clothing company, KBS Fashion Group Limited, the owner of Luxventure, announced that its board of directors has approved a binding memorandum of understanding that involves the private placement of convertible preferred shares to a single investor at most $1,500,000. According to the MoU, investors will purchase up to 100,000 convertible preferred shares at a price of $15 per share. Each preferred share will be converted into KBS's common stock, which is equal to 15 common stocks.
Healthcare
Saisheng Pharmaceutical is listed on the main board of the Hong Kong Stock Exchange. In the previous public offering, the initial public offering shares of Saisheng Pharmaceutical have been moderately oversubscribed, equivalent to approximately 1,068.05 times the initial subscription of the 11,599,000 Hong Kong offering shares available for subscription in the Hong Kong public offering. The stock issuance price is HK$18.80 per share, and the net proceeds from the global offering are approximately HK$2,039.5 million (after deducting the underwriting fees and commissions payable for the global offering and estimated expenses and assuming that the over-allotment right has not been exercised). Saisheng Pharmaceutical will continue to screen for drug candidate investment opportunities in tumors and severe infections, and form a synergistic enhancement role with the advantages of existing pipelines and commercialization capabilities. Another part of the funds will be used for the development and commercial operation of clinical-stage product candidates.
WuXi AppTec completed the acquisition of British gene therapy technology company OXGENE. Through this acquisition of , OXGENE will become a wholly-owned subsidiary of WuXi AppTec, a CTDMO, focusing on cell and gene therapy; at the same time, OXGENE will retain the original company name and become WuXi's first R&D and production base in Europe. OXGENE's new TESSA technology for adeno-associated virus (AAV) production and XLenti solutions for stable lenti virus production not only improves the productivity of cell and gene therapy products, but also significantly reduces costs.
BioVaxys extended technology platform to deal with the new coronavirus variant. BioVaxys Technology Corp., a global leader in the application of hapten protein vaccines for antiviral and anticancer, announced that the company is evaluating steps to modify its SARS-CoV-2 (CoV) candidate BVX-0320 and T-cell diagnostic product Covid-T to address the emerging SARS-CoV-2 variant (South Africa, the UK and Brazil variants), a problem that global governments, healthcare workers and infectious disease researchers are highly concerned. BioVaxys is flexible based on hapten virus antigen vaccine platform, so the company is exploring the possibility of producing multivalent vaccines, which will be a combination of hapten spike protein subunits of various virus variants of clinically significant. Once the amino acid sequence of the variant is obtained, BioVaxys should be able to rapidly produce a multivalent vaccine.
Merck and biopharmaceutical and health enterprise Guangzhou Pharmaceutical Group Co., Ltd. signed a memorandum of strategic cooperation in Guangzhou. Both parties will rely on the development advantages and opening opportunities of the Guangdong-Hong Kong-Macao Greater Bay Area in the field of biomedical construction to conduct in-depth exploration and cooperation in business model innovation, product research and development, and market expansion. We will jointly explore more possibilities for pharmaceutical innovation, work together to promote the future development of pharmaceutical retail, and continue to bring high-quality innovative drugs to more Chinese patients.
cipura was finally approved for the GlaxoSmithKline generic drug version. Cipla Limited announced that its 20 mg sumatriptan nasal spray short-lived new drug application has been approved by the U.S. Food and Drug Administration. Cipla's USP 20 mg sumatriptan nasal spray is a grade AB universal therapeutic generic version of GlaxoSmithKline Imitrex? nasal spray. Imitrex nasal spray is a serotonin (5-HT1B/1D) receptor agonist (triptan), suitable for acute treatment of preexisting or non-arrogant migraine in adults.
Canadian drug regulatory authorities approved Baiyueze (zebutinib) for the treatment of Fahrenheit macroglobulinemia patients. The Canadian Drug Administration included the application for marketing of new drugs used to treat WM patients in September 2020 in the first place. Baiyueze is expected to be listed in Canada in the next few weeks.
Technology
LG Innotek develops the world's first "Wi-Fi 6E module for vehicles" to use the new generation of Wi-Fi technology. This module is a close-range wireless communication accessories that connects vehicle information and entertainment systems that control driving information, multimedia content, etc. to internal intelligent devices and external routers. Using the "Vehicle Wi-Fi 6E Module", passengers can use the display screen installed inside the vehicle to easily enjoy high-definition videos or play AR·VR games. The product has a transfer speed of 1.2 Gigabit (Gbps), which is 3 times faster than the existing Wi-Fi 5 modules. The HD video can be downloaded in 5 seconds.
Keyloop acquires RAPID RTC and enquiryMAX.RAPID RTC is a provider of digital communications and lead management solutions (LMS), serving over 4,200 dealer stores and partners working with a wide range of leading OEMs. enquiryMAX provides showroom management solutions for over 970 dealerships in the UK and Ireland.
Hong Kong Institute of Applied Science and Technology (Academic Academy) and the Chinese University of Hong Kong (CUHK) School of Engineering jointly launched the "Smart City Science and Technology Specialist Training Program". Academic Academy will provide up to 30 CUHK Master's Students with full-time salary work for up to 4 to 8 months, allowing them to participate in the smart city application technology research and development projects carried out by Academic Academy, and cultivate the future pillars of the smart city development for Hong Kong.
Yaoshi Xinghui independently developed the Yuexiang Video car audio and video interactive content application product (car interactive content) has entered the internal testing stage and will be applied to the global mainstream new energy vehicle vehicle in-vehicle systems. combines with Yaoshi Xinghui's content industry ecosystem cluster through the AI intelligent recommendation engine to provide users with personalized, immersive and diversified in-car audio and video entertainment experience.
Cambridge Quantum Meter Computing Company released a research paper on the online preprint library arxiv . The paper titled "Quantum Natural Language Processing in Practice: Running a Combined Meaning Model on a Quantum Computer", introduces the first "medium-scale" implementation of ordinary natural language processing tasks.
Pan-Asian operator neutral data center cluster Big Data Exchange (BDx) cooperates with Zuora to provide customers with more intuitive billing information and innovative product packages. Zurui is a leading provider of cloud subscription management platform. By using Zurui Billing and Zurui CPQ software, BDx can provide customers with a fully digital “quote-to-income” experience.
Synopsys announced the launch of the ZeBu Empower simulation system, providing breakthrough technology for the rapid verification of software and hardware power consumption for billions of SoC designs. ZeBu Empower has excellent performance and performs operational power analysis of the entire design and its software workloads, enabling multiple iterations per day.
Linghua Technology launches the AMP-104C, a four-axis pulse motion control card that supports PCI Express interface, which is an entry-level choice for the AMP product series. AMP-104C can meet the basic application needs of point-to-point motion control, and is very suitable for simple entry-level automation equipment applications in semiconductor, automatic optical inspection (AOI), LCD, PCB and 3C industries.
Texas Instruments launches a highly integrated 0-stage brushless DC (BLDC) motor driver suitable for 48V high-power motor control systems. DRV3255-Q1 helps designers reduce the size of the motor system by up to 30%, while providing higher gate drive current, providing better protection and higher output power.
Manufacturing and Transportation
Air taxi company Volocopter announced that it had received a 200 million euro Series D financing. Volocopter has raised a total of 322 million euros. The funding will be used to drive the electric air taxi service VoloCity to be certified and accelerate the launch of its first commercial route to consolidate Volocopter's leadership in the urban air traffic market. Volocopter has conducted several milestone flights over Helsinki, Stuttgart, Dubai and Singapore's Marina Bay in recent years. While the first routes have not been announced, the company has pledged to establish air taxi services in Singapore and Paris, with plans to expand more routes in the United States, Asia and Europe. Volocopter expects its first commercial air taxi route to be opened within the next two years.
Horizon joins hands with BYD to drive the intelligent transformation of the automotive industry. After BYD completed its strategic investment in automotive smart chip company Horizon, Horizon and BYD held a strategic cooperation signing ceremony at the BYD headquarters in Shenzhen on the morning of March 2. The two sides jointly promote in-depth exploration of scientific and technological research and development, accelerate the breakthrough and layout of cutting-edge intelligent driving technologies, and accelerate the research and development and mass production of intelligent vehicles.
Nether expands the transmission system product series for electric vehicles . Nexte's half-axle technology improves durability and efficiency while optimizing NVH performance and lightweight to solve the challenges faced by electric vehicles.Unlike traditional internal combustion engine vehicles, the electric vehicle architecture integrates the electric drive unit into the front axle in front-wheel drive, the rear axle in rear-wheel drive, and the front and rear axle in all-wheel drive. Traditional internal combustion engine vehicles usually use a variety of transmission technologies, while in electric vehicles, the critical task of transferring torque from the electric drive unit to the wheels depends on half axles to perform.
The 6th International Carbon Materials Conference and Industry Exhibition will be held in Shanghai in November. This year's Carbon Materials Conference will understand the development trends of carbon materials, grasp the cutting-edge dynamics of carbon materials, link the elements of the carbon materials industry, share the hot results of carbon materials, and explore the application potential of carbon materials. The theme exhibition areas of carbon materials include: diamond exhibition area, graphene exhibition area, carbon fiber composite materials exhibition area, silicon carbide semiconductor exhibition area, carbon-based energy storage exhibition area, diamond cultivation exhibition area, etc.
Finance and Investment
Zhang Yanhua joined Brattle Group's New York office as CEO and leader of the new business in Greater China . Dr. Zhang Yanhua has rich analytical experience in monopoly, foreclosure, vertical constraints, merger analysis, FRAND (reasonable, fair, non-discriminatory) principles and intellectual property litigation in a wide range of affairs involving customers in industries such as high-tech, telecommunications, consumer goods, transportation and pharmaceuticals. Brattle Group solves complex economic, financial and regulatory issues for companies, law firms and governments around the world.
The 10th China Financial Summit will be held in Shanghai in July this year, with the theme of this year's summit being "Growth". The event lasts for two days and will be held in the form of offline linkage. The event includes theme links such as opening ceremony, high-level forum, ten-year ceremony, brand innovation exhibition, closing ceremony and award ceremony, and will also hold a number of special events such as digital conference, financial innovation conference, new consumption conference, big health industry forum, and intelligent manufacturing conference.
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