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Lianlian Global Triumphs with Prestigious Payment Platform Award at Hong Kong Leaders’ Choice 2024

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Recognized for Outstanding Service and Dedication to Hong Kong’s Financial Ecosystem by Metro Finance

HANGZHOU, China, March 7, 2024 /PRNewswire/ — Lianlian Global received the “Excellent Brand of Corporate Payments Platform Award” at the award ceremony for the Hong Kong Leaders’ Choice 2024 held in Hong Kong on March 4. This marks the first for cross-border payment companies to receive this distinguished honor. As a prestigious annual event for the financial and business communities, the ceremony aims to recognize brands known for delivering superior lifestyle services or products.

The Hong Kong Leaders’ Choice has been held by Metro Finance annually since 2007. Through competitions and award ceremonies, the distinctions serve to acknowledge and celebrate the achievements of companies across all sectors in establishing brands and enhancing brand management. Judging criteria include brand awareness, brand/corporate management, marketing strategy, market recognition, and product/service satisfaction. The winners are determined by votes from business leaders, corporate executives, and management professionals.

As a premier international financial hub and the largest offshore renminbi market in the world, Hong Kong has become the destination of choice for numerous foreign trade companies looking to expand into the global market. This is largely due to the city’s free trade policies, low tax rates, comprehensive financial system, and well-developed capital market. In his budget speech on February 28, for the fiscal year 2024/2025, Paul Chan Mo-po, the Financial Secretary of the Hong Kong Special Administrative Region, highlighted Hong Kong’s significant advantages, both quantitatively and qualitatively, as an international financial center. He noted the vigorous growth across most financial sectors. The HKSAR government is actively pursuing initiatives on multiple fronts to draw in more businesses and capital to leverage the local market, Mr. Chan added.

Lianlian’s brand, Lianlian Global, is committed to facilitating cross-border commerce worldwide by creating a digital payment and service collaboration network for businesses, organizations and individuals. The aim is to assist companies in enhancing their international competitiveness. Lianlian has consistently viewed Hong Kong as a strategic hub in the expansion of its global business ecosystem, underscored by its early acquisition of the Hong Kong Money Service Operator (MSO) License, a pivotal payment license.

As of December 31, 2023, Lianlian had secured 64 payment licenses and related qualifications spanning seven major markets, including mainland China, Hong Kong, Singapore, the United States, the United Kingdom, Thailand, and Indonesia.

Leveraging its payment-related qualifications in Hong Kong, Lianlian Global streamlines the process of remitting global funds through its subsidiary in the region. The funds are subsequently settled to Lianlian’s Chinese cross-border e-commerce business clients via our fintech system, facilitating secure, efficient and convenient global payments and collections. Additionally, Lianlian Global offers services to local businesses in Hong Kong, facilitating them with cross-border remittances, cross-border collections, and international credit card acquiring.

Utilizing traditional offshore accounts in Hong Kong has been a prevalent strategy for small and medium-sized enterprises engaged in foreign trade to manage their payments. Nonetheless, this method faces several obstacles: the risk of account freezes jeopardizing fund security, erratic transfer speeds affecting operational liquidity, and considerable losses due to currency conversion. Currently, foreign trade companies are grappling with various payment issues, including the difficulty in opening offshore accounts, high transaction fees, the risk of account freezing due to non-compliant payment channels, prolonged periods for payments and collections, and the burdensome process of currency conversion. Addressing these issues, Lianlian Global offers a more streamlined, secure, and cost-effective solution for cross-border transactions. By eliminating the need for offshore company setup and associated fees, and by supporting a broad spectrum of currencies with real-time exchange rates, Lianlian Global significantly reduces exchange costs and enhances transaction efficiency. The establishment of a global fund processing network minimizes intermediary delays, enabling funds to be settled within as little as two hours, facilitating rapid capital turnover. Moreover, Lianlian’s commitment to safety and compliance is evidenced by its possession of over 60 domestic and international payment licenses, complemented by a robust anti-money laundering and fraud prevention framework.

With a long-standing commitment to the cross-border commerce sector, Lianlian has garnered the trust and confidence of a vast customer base, thanks to its secure, efficient, and cost-effective services. By the end of September 2023, the company had extended its services to approximately 3.2 million clients across more than 100 countries and territories.

The accolade of the “Excellent Corporate Payments Platform Service Brand” awarded to Lianlian Global at the Hong Kong Leaders’ Choice 2024 serves as a testament to the company’s reliability and efficacy as a payment solution provider. This recognition fuels Lianlian’s determination to further refine and elevate the quality of its offerings to meet the diverse needs of its clientele. Looking ahead, Lianlian is poised to deepen its engagement in the Hong Kong market, continually innovate its technological capabilities and product suite, and empower its customers to thrive in the global marketplace. This strategic focus not only enhances Lianlian’s service portfolio but also supports Hong Kong’s integration into broader national development plans, paving the way for new breakthroughs and a prosperous future.

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SOURCE LianLian Global

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Earth’s pulse monitored: a review highlights remote sensing time series progress

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As urbanization accelerates and environmental dynamics shift, the need for accurate and timely terrestrial monitoring has never been more urgent. A review has introduced a novel approach to remote sensing time series analysis, integrating multi-source data to enable near real-time monitoring. This innovative methodology promises to transform environmental conservation and urban planning by providing unprecedented insights into terrestrial changes and offering a more precise understanding of environmental dynamics.

GUANGZHOU, China, Dec. 22, 2024 /PRNewswire-PRWeb/ — An international team of researchers from South China Normal University, the University of Connecticut, and the Chinese Academy of Sciences has made a significant breakthrough in remote sensing. Their review, published (DOI: 10.34133/remotesensing.0285) in the Journal of Remote Sensing on December 11, 2024, addresses key challenges in remote sensing, such as incomplete data and noise interference. The team’s new time series analysis technique leverages advanced data reconstruction and fusion methods, significantly enhancing the precision and efficiency of remote sensing for monitoring environmental changes.

The research team has developed an advanced time series analysis technique that combines deep learning algorithms with traditional remote sensing methods to integrate data from various remote sensing sources. This innovative approach allows for the extraction of subtle patterns from large, complex datasets, which is crucial for monitoring critical environmental parameters such as land use and vegetation health. Unlike conventional techniques that struggle with incomplete or noisy data, this new methodology offers enhanced accuracy and more reliable insights into terrestrial dynamics, paving the way for more effective environmental monitoring.

Central to the study’s success is the integration of Long Short-Term Memory (LSTM) networks and Generative Adversarial Networks (GANs) to address the challenges posed by missing or noisy data. The LSTM networks capture temporal trends over time, while the GANs generate synthetic data that mimics real-world observations to fill gaps and correct for atmospheric distortions. This dual approach has resulted in a cleaner, more accurate time series dataset, which was validated against independent ground truth measurements. The researchers demonstrated significant improvements in key vegetation indices, such as the Normalized Difference Vegetation Index (NDVI), setting a new benchmark in the field of remote sensing.

Experts in the field have lauded the study’s potential to revolutionize remote sensing applications. They see the method as a transformative tool for enhancing high-resolution monitoring and extending its coverage, particularly in agricultural surveillance, urban planning, and environmental management. “This method represents a crucial advancement in our ability to monitor environmental changes,” says Professor Fu. “As it evolves, it could play a key role in addressing climate change and other global challenges.”

The methodology’s future applications are vast, especially in global environmental monitoring and supporting sustainable development goals. By integrating multi-temporal data from Landsat and Sentinel-2 satellites, the team has created a framework for accurate and continuous terrestrial analysis. As computational power advances and algorithms improve, this technology is expected to become a vital tool for natural resource management, disaster response, and climate change mitigation. In the years to come, it could provide critical data to help policymakers address pressing environmental issues on a global scale.

References

DOI

10.34133/remotesensing.0285

Oiginal Source URL

https://doi.org/10.34133/remotesensing.0285

Funding information

This work was supported by the National Nature Science Foundation of China (grant numbers 42425001 and 42071399).

About Journal of Remote Sensing

The Journal of Remote Sensing, an online-only Open Access journal published in association with AIR-CAS, promotes the theory, science, and technology of remote sensing, as well as interdisciplinary research within earth and information science.

Media Contact

George Hua, Chuanlink Innovations, 1 8656606278, TranSpread1@gmail.com, http://chuanlink-innovations.com/

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SOURCE Journal of Remote Sensing

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ZINZINO AB (PUBL.): ENTERS INTO AGREEMENT TO PROVIDE DIP FINANCING TO ZURVITA INITIATING CHAPTER 11 PROCESS

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GOTHENBURG, Sweden, Dec. 22, 2024 /PRNewswire/ — Zinzino has in a press release dated 20240617 announced that a letter of intent to acquire 100% of the shares in the North American direct selling company Zurvita Inc. “Zurvita or the Company” was signed. Since then, Zinzino has negotiated with the owners of Zurvita Inc. and instead concluded that the purchase of Zurvita’s assets in a Chapter 11 proceeding for the Company is in Zinzino’s best interest.

Zinzino is providing a debtor-in-possession (DIP) financing to Zurvita, which filed for Chapter 11 bankruptcy proceedings on the 20th December 2024. By entering as a financier in Zurvita’s Chapter 11 with loans totaling USD 4.5 million, Zinzino simultaneously makes an offer to acquire the company’s assets via a so-called stalking horse bid. If the bid is accepted, the DIP loan will be converted into part of a debt-settled purchase price, which will be determined after Zurvita has completed the sale process that is subject to higher and better offers in accordance with the applicable terms of Chapter 11. Other bidders have the right to submit bids for Zurvita during the process and if another bid is accepted, Zinzino’s loan will be repaid and certain of its costs associated with the process will be reimbursed. 

Zurvita is a direct selling health company with operations in the United States, Canada and Mexico. The brand portfolio offers a range of innovative health and wellness products. The business has total annual sales of approximately USD 30 million with good gross margins. A potential transaction with Zinzino is expected to add growth through the synergies arising from the joint networks, combined with Zinzino’s test-based product concept. The profitability of the Company will thus be able to develop well by utilizing Zinzino’s existing technical platform and organization.

A visionary mindset, tech first perspective, test-based nutrition at the cellular level and a strong position to capitalize on current trends will form the basis of the new partnership. Following the acquisitions of VMA Life in 2020, Enhanzz in 2022, the strategic partnership with ACN and the recently completed asset acquisition of Xelliss, Zinzino has been looking for further strong investments to maintain its sustainable, profitable growth, strengthen its distribution power, expand into new markets and leverage the product portfolio in new consumer areas.

– “Individualized advice and tailored solutions are the future, and not just in health and wellness,” says Dag Bergheim Pettersen, CEO of Zinzino. “Together, we have years of combined industry experience and everything it takes to drive the modern, personalized shopping experience through direct sales”. Jay Shafer, CEO and co-founder of Zurvita, states “After considering multiple options for the company and under the guidance of our attorneys and third-party advisors, we feel this presents the best opportunity to continue Zurvita’s mission, deliver the highest quality products, and provide continuity for our staff and consultants. We are excited to see what the future holds for Zurvita.” 

For more information:
Dag Bergheim Pettersen CEO Zinzino +47 (0) 932 25 700, www.zinzino.com

Pictures for publication free of charge:
marketing@zinzino.com

Certified Adviser:
Carnegie Investment Bank AB (publ.)

Zinzino AB (publ.) is obliged to publish this information in compliance with current EU regulations governing market abuse. The information was provided by the above contact person for publication at 20.00 on the 21st of December 2024.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/zinzino/r/zinzino-ab–publ–enters-into-agreement-to-provide-dip-financing-to-zurvita-initiating-chapter-11-pr,c4086040

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Meet With Culture: Exquisite Craftsmanship of Traditional Chinese Architecture

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BEIJING, Dec. 22, 2024 /PRNewswire/ — The Temple of Agriculture in Beijing played a significant role during the Ming (1368-1644) and Qing (1644-1911) dynasties. Over nearly 600 years, 25 emperors personally visited or sent ministers to perform spring farming ceremonies and offer sacrifices to Shennong, the god of agriculture.

 

Built in 1420 during the Yongle reign, the temple’s predecessor was the Temple of Mountains and Rivers in Nanjing. When Emperor Zhu Di moved the Ming capital to Beijing, he constructed a larger temple inspired by the Nanjing temple, which gradually evolved into the Temple of Agriculture.

The Taisui Hall, the largest building complex in the temple, now serves as a major exhibition hall of the Beijing Ancient Architecture Museum, showcasing models of classical Chinese buildings and demonstrating the solemnity of royal architecture.

Ancient Chinese architecture is predominantly wooden-structured, chosen for its availability, versatility, and earthquake resistance. Artisans developed sophisticated techniques in material selection and construction. The wooden framework consists of columns, beams, girders, and purlins, with innovative structural forms like lifting-beam and piercing-bracket structures.

A unique architectural element is the dougong (bracket sets), which supports weight and connects beam frames with column walls. Mortise-tenon joints were invented to create elastic frameworks by connecting different components.

While discussing the Temple of Agriculture, it’s worth noting another remarkable example of architectural hierarchy which could be found in the Temple of Heaven. The hierarchy of architectural designs reflected social stratification, with eave structures like the triple-layered eaves of the Hall of Prayer for Good Harvest representing the highest-level architectural design.

Over centuries, the Temple of Agriculture has transformed from an imperial garden to a public park and a museum for historical architecture, now standing as a significant cultural landmark that symbolizes China’s agricultural civilization and architectural heritage along Beijing’s Central Axis.

Quickly join Alexandre to study and explore the traditional Chinese architecture.
https://youtu.be/YpA03WiZ9Wc

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SOURCE China International Communications Group

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