GUANGZHOU, China, Oct. 30, 2024 /PRNewswire/ — Fangzhou Inc. (“Fangzhou”) (06086.HK), a leader in Internet healthcare solutions, was featured on the 2024 Guangdong “AI Catalyst” Enterprise Billboard at the 2024 Guangdong-Hong Kong-Macao Greater Bay Area Artificial Intelligence Industry Conference. The Company was selected for its significant contributions in advancing the use of AI technology in the field of online healthcare and chronic disease management. Fangzhou’s platform leverages advanced technologies, including AI assistants and big data, with the goal of enhancing the efficiency of its chronic disease management services and providing patients and doctors with a better user experience.

Mr. Xie Fangmin, CEO of Fangzhou, stated, “We are honored to be recognized as an AI technology innovator. This acknowledgment reflects our commitment to improving healthcare through technological advancement and our dedication to providing exceptional service to patients and healthcare providers alike.”

Guangdong at the Forefront of AI Integration

Guangdong has consistently demonstrated its commitment to fostering AI applications across a range of industries and sectors. In May, it introduced the “Measures for Empowering Various Industries with Artificial Intelligence,” aiming to create over 500 AI-driven application scenarios in areas like manufacturing, education, and senior care. This effort continued in October with the “Action Plan for Promoting High-Quality Development of Guangdong’s Life Sciences Industry,” outlining 38 measures to position Guangdong as a leading biotech hub.

About Fangzhou Inc.

Fangzhou Inc. (06086.HK) is China’s leading online chronic disease management platform. With 45.6 million registered users and 217,000 registered doctors on its platform (as of June 30, 2024), the Company provides tailored medical care and precision medicine for a growing population of chronic disease patients. For more details, visit https://investors.jianke.com.

About the Greater Bay Area Artificial Intelligence Industry Conference

The 2024 Guangdong-Hong Kong-Macao Greater Bay Area Artificial Intelligence Industry Conference was held on October 23rd in Nansha, Guangzhou. Under the leadership of the Guangdong Province Department of Science and Technology, the event was organized by the Guangdong Association of Artificial Intelligence Industry, with support from the Smart Manufacturing Committee of the Chinese Association for Artificial Intelligence and Guangzhou University. The conference gathered 11 prominent academicians and over 1,000 leaders from academia and industry to explore AI trends and technological advancements.

Disclaimer: This press release contains forward-looking statements. Actual results may differ materially from those anticipated due to various factors. Readers are cautioned not to place undue reliance on these statements

Media Contact
For further inquiries or interviews, please reach out to:
Xingwei Zhao Associate Director of Public Relations Email: pr@jianke.com 

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SOURCE Fangzhou Inc.

PageUp will leverage EQT’s expertise to accelerate international expansion and drive product innovation in talent management software.EQT’s investment builds on PageUp’s strong track record of expansion through organic growth and strategic acquisitions.The partnership reinforces EQT’s commitment to supporting high-growth software businesses in Asia Pacific and international markets.

STOCKHOLM, Oct. 31, 2024 /PRNewswire/ — EQT and PageUp Group today announced that EQT, a purpose-driven global investment organization, has acquired Australian-founded PageUp, a global leader in SaaS talent acquisition, recruitment marketing, and talent management solutions from existing majority owners, Battery Ventures.

The deal will enable PageUp to leverage EQT’s deep expertise in scaling high-growth global technology businesses to capture greater opportunities in the talent management software space, accelerate its international expansion, and enhance product innovation.

Founded in 1997, PageUp now delivers its cutting-edge talent acquisition and recruitment marketing software to top-tier corporates, universities, hospitals, and public-sector customers worldwide via offices in Australia, North America, and Europe. PageUp’s product suite powers the end-to-end talent management of global brands such as Flight Centre Travel Group, Ramsay Healthcare Australia, Bank of Ireland, Boston Medical Centre, and University of North Texas Systems.

EQT’s investment, through its BPEA Fund VIII (“EQT Private Capital Asia”), builds on PageUp’s operating momentum in achieving substantial organic and acquisition-led growth in recent years. This has included the acquisitions of Clinch in 2019 and eArcu and PathMotion in 2021. With EQT’s investment and strategic backing, PageUp will accelerate its expansion into priority international markets and deepen its offering in key sectors and verticals.

PageUp represents EQT’s latest investment in the Human Capital Management (“HCM”) software sector, which it views as an attractive and dynamic segment as HR professionals leverage technology to meet the challenges of attracting and retaining an evolving global workforce. PageUp adds to EQT’s global portfolio of investments in HCM software businesses across strategies, which includes Peakon, Unmind, Hume, Sana Labs, and HRBrain.

The investment further builds on EQT’s experience supporting market-leading Asia Pacific-based software businesses to capture global market opportunities. EQT will work with PageUp to construct a board of HR technology veterans from members of EQT’s industrial advisor network, pursue targeted inorganic growth opportunities in key markets worldwide, and accelerate the company’s AI product roadmap with help from EQT Digital.

Nicholas Macksey, Partner in the EQT Private Capital Asia advisory team, said: “PageUp’s impressive track record of innovation and growth makes it a standout leader in the talent management space. We are excited to partner with PageUp at this defining moment for the company. We look forward to leveraging EQT’s global reach and sector expertise to accelerate PageUp’s international expansion and amplify its product innovation, particularly in dynamic, high-growth markets. As the human capital management landscape rapidly evolves, we are committed to helping PageUp unlock new opportunities for its clients worldwide. This investment reinforces EQT’s strength in supporting software businesses that align with our core investment themes, allowing us to apply our deep expertise to foster innovation and drive impact in key industries.”

Following the successful completion of the transaction, Mark Rice has announced his intention to retire as CEO of PageUp. Over 13 years (initially as COO/CFO and as CEO for the last six years), Mark has led the Group’s dynamic and profitable growth and driven its international expansion both organically and through several successful acquisitions.

Commenting on the successful acquisition and his decision to retire as CEO, PageUp Group’s outgoing CEO Mark Rice said: “EQT’s investment is a ringing endorsement of our business and the significant opportunities for market and product expansion ahead. After 13 years leading the business, and with EQT’s investment now secured, I have decided that now is the right time for me to retire as CEO, safe in the knowledge the company I have helped build is in safe hands. I am immensely proud of what we have accomplished at PageUp as a team and this decision was made easier knowing the business is well-positioned with supportive partners for its next phase of growth.”

Mark will oversee a transition period with incoming CEO Eric Lochner. Eric has over 25 years of leadership experience scaling SaaS companies globally, most notably HR Tech companies Kenexa, Achievers, and Careerbuilder.com. Eric Lochner said: “Under Mark’s stewardship, PageUp has gone from strength to strength. I am delighted to have accepted the opportunity to step into the CEO role and look forward to working with our new partners in transforming our clients’ hiring experiences and empowering individuals to find opportunities where they are happy, engaged, and fulfilled. With EQT’s expertise and support, we’ll accelerate our strategy with increased focus on customer experience and innovation, including the continued integration of responsible AI to rapidly evolve our platform and enhance the automation of talent management.”

William Blair acted as the exclusive financial advisor to PageUp Group on this transaction. Barclays and Barrenjoey acted as the exclusive financial advisor to EQT on this transaction. 

With this transaction, BPEA Private Equity Fund VIII is expected to be 80-90 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on target fund size and subject to customary regulatory approvals.

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of BPEA Private Equity Fund VIII will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

Contact
EQT Press Office, press@eqtpartners.com

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MELBOURNE, Australia, Oct. 31, 2024 /PRNewswire/ — AIKO made an impactful debut at Melbourne’s premier energy event, All Energy Australia, which kicked off on October 23, 2024, in Melbourne. The company showcased its comprehensive range of high-efficiency N-type ABC modules, including the latest N-type ABC INFINITE technology and the Neostar Series 475W modules. These products garnered considerable attention from international visitors and customers, highlighting AIKO’s commitment to pioneering energy-efficient solutions.

Specifically designed for the Australian market, AIKO’s Neostar 2P module offers an impressive 475W power output, making it the highest-power 54-cell commercial module available locally, all within a footprint of less than two square meters. The exceptional conversion efficiency ensures maximum power in a limited space, a significant advantage for AIKO’s N-type ABC products in the Australian market, especially for residential applications.

AIKO’s N-type ABC modules have now achieved a mass production efficiency of 24.2%, topping the TaiyangNews Global Commercial Module Mass Production Efficiency Rankings for 20 consecutive months. The third-generation INFINITE N-type ABC module on display at the event boasts an efficiency of over 25%. Its unique 0BB technology, overlapped welding, and concealed busbar configuration optimizes light capture while enhancing visual appeal, drawing significant interest from attendees.

AIKO Australia and New Zealand Country Director Thomas Bywater remarked, “AIKO is steadfastly customer-centric, dedicated to meeting current market demands and exploring innovative solutions for future needs. Our high-efficiency products, such as the Neostar 475W and INFINITE modules, reinforce our commitment to advancing efficiency and sustainability in the Australian PV market.”

At the exhibition, AIKO demonstrated the superior performance of its N-type ABC modules over traditional technologies through a shadow power generation optimization and an anti-hidden crack comparison test.

Australia is home to the world’s most optimal solar resources, with over 80% of the land receiving solar radiation intensities exceeding 2000 kWh/m². According to BloombergNEF, 83% of Australia’s coal-fired power generation units are expected to be decommissioned by 2035, creating significant market potential for renewable energy. Looking ahead, AIKO will continue to maximize the conversion efficiency, driving product innovation and upgrades. AIKO’s cutting-edge technology and products are designed to significantly contribute to the global energy transition and provide robust support for a zero-carbon future.

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SOURCE Aiko