Technology

Global Times: 15 years on, China’s Nasdaq-style ChiNext board drives innovative economic growth

Published

3 hours ago

October 31, 2024

BEIJING, Oct. 31, 2024 /PRNewswire/ — Wednesday marked the 15th anniversary of the ChiNext board, a Nasdaq-style board for growth enterprises in China, which opened for trading on October 30, 2009. After 15 years of rapid growth, the board has become an important incubator for the development of high-quality private enterprises, and it vigorously propels innovative economic development and industrial upgrades.

As of Wednesday, 1,358 companies from a wide range of sectors including advanced manufacturing, the digital economy, and the green and low-carbon sectors had gone public on the ChiNext, and their total market capitalization exceeded 12 trillion yuan ($1.68 trillion), the Securities Daily reported.

In the past 15 years, the ChiNext board has nurtured quality high-tech companies that have showcased strong innovation capability and growth momentum, and they became important innovation engines driving the country’s high-quality economic growth in the new era, Yang Delong, chief economist at Shenzhen-based First Seafront Fund, told the Global Times on Wednesday.

At present, there are more than 1,000 private enterprises listed on the ChiNext board, which has become an important incubator for the development of high-quality private companies. Many enterprises have gained tangible benefits after listing on the board, and they have strong expectations for the development of the board.

Since going public on ChiNext in June 2018, Contemporary Amperex Technology Co., Ltd (CATL), a leading battery maker, has raised nearly 70 billion yuan from investors and issued 4.5 billion yuan in corporate bonds. A private placement completed in 2022 remains the largest ever on the board, which underscores the strong support of China’s capital markets for the development of CATL, the company told the Global Times on Wednesday.

Over the years, the ChiNext board has played the role of a “test field” for China’s capital market development. It has conducted institutional trials and innovations that better conform to the development characteristics of innovative and growth enterprises, accumulating reform experience for the capital market, Yang noted.

“The rapid development of the ChiNext board has been a highlight in the construction of a multi-layered capital market in China,” Yang said, noting that the ChiNext board greatly enhances the capability of China’s capital market to serve the new economy.

“The ChiNext board witnessed the leapfrog development of innovative enterprises over the past 15 years,” a spokesperson of Chinese medical device company Shenzhen Mindray Bio-Medical Electronics Co., Ltd, told the Global Times on Wednesday.

It is hoped that the ChiNext board can accelerate the building of a market, product and institutional system that accommodates the development of innovative growth enterprises, contributing to the development of new quality productive forces, the spokesperson said.

China’s top securities regulator is studying and drawing up action plans to further deepen capital market reform, Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), said at the Annual Conference of Financial Street Forum 2024 in Beijing on October 18.

On aiding the development of new quality productive forces, the CSRC will focus on supporting high-quality innovative enterprises, enhancing the inclusiveness and adaptability of the system, and reforming and optimizing the issuance and listing system, Wu said.

View original content:https://www.prnewswire.com/news-releases/global-times-15-years-on-chinas-nasdaq-style-chinext-board-drives-innovative-economic-growth-302292444.html

SOURCE Global Times

Technology

NetEase to Report Third Quarter 2024 Financial Results on November 14

Published

11 seconds ago

October 31, 2024

HANGZHOU, China, Oct. 31, 2024 /PRNewswire/ — NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, “NetEase” or the “Company”), a leading internet and game services provider, today announced that it will report financial results for the 2024 third quarter on Thursday, November 14, 2024, before the open of the U.S. markets.

The earnings teleconference call with simultaneous webcast will take place at 7:00 a.m. Eastern Time on Thursday, November 14, 2024 (Beijing/Hong Kong Time: 8:00 p.m., Thursday, November 14, 2024). NetEase’s management will be on the call to discuss the quarterly results and answer questions.

Interested parties may participate in the conference call by dialing 1-914-202-3258 and providing conference ID: 10042941, 15 minutes prior to the initiation of the call. A replay of the call will be available by dialing 1-855-883-1031 and entering PIN: 10042941. The replay will be available through November 21, 2024.

This call will be webcast live and the replay will be available for 12 months. Both will be available on NetEase’s Investor Relations website at http://ir.netease.com/.

About NetEase, Inc.

NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, “NetEase”) is a leading internet and game services provider centered around premium content. With extensive offerings across its expanding gaming ecosystem, the Company develops and operates some of the most popular and longest running mobile and PC games available in China and globally.

Powered by one of the largest in-house game R&D teams focused on mobile, PC and console, NetEase creates superior gaming experiences, inspires players, and passionately delivers value for its thriving community worldwide. By infusing play with culture, and education with technology, NetEase transforms gaming into a meaningful vehicle to build a more entertaining and enlightened world.

Beyond games, NetEase service offerings include its majority-controlled subsidiaries Youdao (NYSE: DAO), an intelligent learning company with industry-leading technology, and Cloud Music (HKEX: 9899), a well-known online music platform featuring a vibrant content community, as well as Yanxuan, NetEase’s private label consumer lifestyle brand.

For more information, please visit: http://ir.netease.com/.

Contact for Media and Investors:

Investor Relations
Email: ir@service.netease.com
Tel: (+86) 571-8985-3378

View original content:https://www.prnewswire.com/news-releases/netease-to-report-third-quarter-2024-financial-results-on-november-14-302292600.html

SOURCE NetEase, Inc.

Technology

Youdao to Report Third Quarter 2024 Financial Results on November 14

Published

12 seconds ago

October 31, 2024

HANGZHOU, China, Oct. 31, 2024 /PRNewswire/ — Youdao, Inc. (“Youdao” or the “Company”) (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced that it will report its third quarter 2024 financial results on Thursday, November 14, 2024, before the open of the U.S. markets.

The earnings teleconference call with simultaneous webcast will take place at 5:00 a.m. Eastern Time on Thursday, November 14, 2024 (Beijing/Hong Kong Time: 6:00 p.m., Thursday, November 14, 2024). Youdao’s management will be on the call to discuss the quarterly results and answer questions.

Dial-in details for the earnings conference call are as follows:

United States (toll free):

+1-888-346-8982

International:

+1-412-902-4272

Mainland China (toll free):

400-120-1203

Hong Kong (toll free):

800-905-945

Hong Kong:

+852-3018-4992

Conference ID:

4892369

A live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.youdao.com.

A replay of the conference call will be accessible by phone one hour after the conclusion of the live call at the following numbers, until November 21, 2024:

United States:

+1-877-344-7529

International:

+1-412-317-0088

Replay Access Code:

4892369

About Youdao, Inc.

Youdao, Inc. (NYSE: DAO) is an intelligent learning company with industry-leading technology in China dedicated to developing and using technologies to provide learning content, applications and solutions to users of all ages. Building on the popularity of its online knowledge tools such as Youdao Dictionary and Youdao Translation, Youdao now offers smart devices, STEAM courses, adult and vocational courses, and education digitalization solutions. In addition, Youdao has developed a variety of interactive learning apps. Youdao was founded in 2006 as part of NetEase, Inc. (NASDAQ: NTES; HKEX: 9999), a leading internet technology company in China.

For more information, please visit: http://ir.youdao.com.

For investor and media inquiries, please contact:

In China:

Jeffrey Wang
Youdao, Inc.
Tel: +86-10-8255-8163 ext. 89980
E-mail: IR@rd.netease.com

Piacente Financial Communications
Helen Wu
Tel: +86-10-6508-0677
E-mail: youdao@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: youdao@thepiacentegroup.com

View original content:https://www.prnewswire.com/news-releases/youdao-to-report-third-quarter-2024-financial-results-on-november-14-302292446.html

SOURCE Youdao, Inc.

Technology

Countdown Begins: Limited Time to Secure Exclusive Rewards with Grey HAT ICO

Published

13 seconds ago

October 31, 2024

The Grey HAT token can transform crypto trading by offering exclusive rewards. It also focuses on discounts on trading transactions. It can also offer multiple opportunities to both investors and crypto traders.

CAMDEN, Del., Oct. 31, 2024 /PRNewswire-PRWeb/ — The countdown for Grey HAT ICO has begun for over a month now. Now there is limited time to secure the tokens to earn passive income. The ICO ends in the next one and a half months. The total token supply is limited to nearly 1,000,000,000 or 1 Billion. The token price during this phase will be $0.10. Therefore, the users should hurry up and get the token to gain maximum benefits at the earliest.

We are glad with the response of the users to join our ICO. Now there is limited time and I urge more people to join our ICO to gain maximum rewards and prizes. The rewards and bonuses are encouraging and you can gain a lot through passive income”.

The users can also gain considerably by contributing positively to the security and stability of the network. The investment in the HAT token offers several rewards and discounts on trading fees. The limited time can make transactions more cost-effective. Currently, users can contribute to the stability and security of the network while dealing with traditional payment methods. Grey Hat users who will invest in the token will also get exclusive access to Grey HAT communities. This can be advantageous because it can help in connecting with like-minded individuals. Over 1000 investors have already invested in the first month.

The Grey HAT offers users the scope to earn through staking. Faster payment is another major advantage as it enables peer-to-peer instantaneous payments, reduces delays, and eliminates delays associated with traditional payment methods. It is also true that token users do not require intermediaries at all. Moreover, as users, they can become supporters of the project and gain access to exclusive benefits then they can also win discounts on token prices and get surplus rewards. Therefore, join the HAT token revolution now. Participating in the ICO is very simple. Just sign up and follow the instructions carefully.

Gary Groves, the co-founder and CEO of Grey HAT states that “we are glad with the response of the users to join our ICO. Now there is limited time and I urge more people to join our ICO to gain maximum rewards and prizes. The rewards and bonuses are encouraging and you can gain a lot through passive income”.

About Grey HAT:

Grey HAT platform offers HAT Token. The token HAT is created to facilitate smooth transactions and represents the company’s stake for economic purposes. The token has reached particular significance as it is now the top crypto ICO to watch out for this year. The company’s major aim is to fundraise projects through an initial coin offering (ICO). The tokens can be used for investments and storing value. The company wants to encourage individuals and new businesses to offer a convenient, safe, and traceable platform to trade with cryptocurrencies.

Media Contact

Vagrant, Grey HAT, 1 832-899-5111, vagrant@grey-hat.io, https://ico.grey-hat.io/

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SOURCE Grey HAT