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Tuya Partners with Industry Pioneers to Forge an AI Ecosystem at the 2024 Tuya Global Developer Summit in the Middle East

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NEW YORK, Oct. 21, 2024 /PRNewswire/ — Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, together with Alibaba Cloud, digital technology and intelligence backbone of Alibaba Group successfully held the 2024 Tuya Global Developer Summit in Dubai, UAE. Marking its debut in the Middle East, the summit facilitated collaboration with global industry thought leaders to impart visionary insights and practical expertise to developers, empowering them to harness boundless business opportunities within the AI era.

Themed “AI in All Sustainable Spaces,” the summit committed to leverage Tuya’s cutting-edge AI capabilities and beyond to drive the smart transformation of Dubai and the broader Middle East region with global developers, thereby expediting the creation of a more sustainable and intelligent urban environment.

Wenjin Mao, Commercial Representative, Office of Zhejiang Province in UAE (Middle-East), presented the opening speech. He commented, “In recent years, the ‘Belt and Road’ initiative has strengthened the economic and trade ties, as well as investment cooperation, between the Middle East and Zhejiang. The Tuya Global Developer Summit is setting up an even wider stage for businesses in the Middle East and worldwide, which is poised to drive tech innovation and industrial progress in the region, providing significant economic and social benefits. We eagerly anticipate more Middle Eastern enterprises using this summit as a networking hub and the annual Global Digital Trade Expo in Hangzhou every September as a formal gateway, to grasp the opportunities of our era and chart a new course in smart technology together.”

AI Powers the Future, Steering Industry Evolution

AI has emerged as a pivotal competitive edge for enterprises in their growth trajectory. Recent studies indicate a substantial surge in AI adoption by businesses worldwide over the past five years. By 2026, it is projected that a staggering 80% of global enterprises will integrate AI technology into their operations.

Alex Yang, Co-Founder, COO and CFO of Tuya Smart, delivered a keynote speech at the summit titled “AI for a Sustainable Future.” He emphasized, “Currently, AI has been extensively integrated into a multitude of smart devices. The collective operation of these devices has the potential to drastically reduce energy consumption in buildings. For instance, our AI-enhanced Tuya HEMS system has been shown to help households cut their electricity expenses by over 35%. The interconnection of numerous smart spaces and devices contributes to the development of smart cities. To advance this process globally, we have established an AI Agent development platform. This platform enables developers to craft unique AI products and solutions, enriching everyday smart living experiences.”

Eric Wan, General Manager of Middle East, Turkey & Africa, Alibaba Cloud Intelligence, spoke on the topic “Empowering Developers with Alibaba Cloud’s Capability and Ecosystem.” Wan noted, “To help developers further enhance their competitiveness, Alibaba Cloud has reduced cloud costs and utilized our cloud computing infrastructure and platform to assist developers in learning and practicing various emerging technologies, such as AI. As Alibaba Cloud continues to expand our business, we have developed a diverse range of ecosystems encompassing products, industries, regions, and education, which can provide a variety of services to numerous SMEs and help them generate more revenue. Tuya’s technological capabilities in cloud computing and AI are well-recognized and can help enhance the capability of our platform. We look forward to collaborating with more innovative companies like Tuya to jointly promote technological advancement and business innovation across the industry.”

Following the speech, Alibaba Cloud and Tuya co-hosted a launch ceremony, announcing their collaboration plan on the global rollout of Tuya IoT platform on Alibaba Cloud global marketplace. By seamlessly integrating Tuya’s IoT platform with Alibaba Cloud’s cloud infrastructure, the global partnership aims to provide developers with access to tools and resources to innovate in IoT, AI, and smart home technologies, thereby creating an open and collaborative ecosystem worldwide.

Junhao Zheng, Senior Cloud Development Engineer of Tuya Smart, spoke on “The Innovation Engine of the AI+IoT Ecosystem.” Zheng explained, “AI and IoT are intrinsically linked; IoT provides a wealth of data for AI, while AI offers IoT sophisticated decision-making support to navigate complex, dynamic environments. Consequently, Tuya has merged these technologies to construct a cutting-edge cloud developer platform. This platform not only accelerates the development of smart products by developers but also equips smart devices with rich generative AI capabilities through our AI Agent development platform, effectively fueling product innovation and empowering developers to capitalize on market opportunities.”

Dr. Kushnazarov Farruh, Senior Data Scientist at Alibaba Cloud, delivered a speech on “Reshaping Alibaba Cloud for the Generative AI Era” Dr. Farruh commented, “We are proactive in fostering open-source ecosystems, particularly in avant-garde fields like large language models and AI development, continuously contributing our expertise. With the advent of generative AI, we’ve augmented features such as information privacy and multilingual support to large language model applications, catering to the diverse demands of enterprises. In the future, we aim to collaborate with companies like Tuya to create more practical AI large model tools, setting the pace for new industry trends.”

Rain Xing, Product Solution Architect Director at Ant Digital Technologies, spoke on “Riding the Digital Wave: How Super Apps and AI are Transforming Industries for the Future” Xing stated, “Our mPaaS mini-app platform is a comprehensive, end-to-end solution for mobile development, testing, operation, and maintenance, enabling customers to operate within their apps and cultivate an open business ecosystem. With AI enhancements, the mPaaS platform has gained the ability to autonomously generate mini-apps, AI-assisted development, AI digital avatars, and AI chatbots, significantly boosting work efficiency and service levels. We look forward to welcoming companies with robust AI capabilities, such as Tuya, to join us in exploring the boundless potential of AI technology, leading the industrial transformation of tomorrow.”

AI-Enhanced Transformation: Redefining Smart Living Spaces

The summit featured a roundtable discussion themed “AI in Smart Living Spaces”, where Tuya engaged with industry trailblazers to delve into the cutting-edge trends and innovative applications of AI within residential environments. This session offered global developers profound industry insights and strategic guidance for future development, equipping them to seize market opportunities.

Dr. Nourhan N. Moussa, Director of Digital Transformation at MLG, commented, “At MLG, our mission is to forge sustainable and smart transportation and logistics solutions. Through extensive exploration in smart transportation, we’ve developed a suite of solutions that significantly aid cities in achieving intelligent management. Tuya’s proficiency in AI technology in this domain is notable. We look forward to enhancing our collaboration with Tuya to drive innovation and practical applications in the realm of smart transportation.”

Vivian Chen, CEO of Gallery Five Group, stated, “Our vision is to transform every aspect of the urban landscape into a vibrant artform and to be a catalyst for the evolution of urban living. To realize this, we champion innovative design and the sustainable development of urban spaces, blending art, technology, and environmental considerations. This approach not only enhances the city’s aesthetic but also elevates the quality of life and happiness of its inhabitants. In the future, we aim to partner with Tuya to integrate cutting-edge technologies like AI into urban development, jointly exploring the vast potential of smart cities.”

Propelling Smart Energy Management Forward: AI Unveils New Ventures

Following the momentum, Tuya convened its second roundtable, centered on the theme “AI in Energy Management”, where experts engaged in comprehensive discussions on AI, energy, and sustainability, guiding global developers in uncovering business potential.

Harvey Zhang, Director of Energy Solution at Tuya Smart, said, “AI is a pivotal force in driving the low-carbon transition of the energy sector. Tuya has enhanced its energy management platform. Utilizing AI models that predict power generation and consumption, this platform offers developers optimal energy scheduling recommendations for lighting storage and charging, effectively facilitating energy savings for households. Moreover, this solution enables precise energy management through the installation of intelligent devices such as water, electricity, and gas meters, and automates energy consumption management via sensor scene linkage, thereby assisting enterprises in reducing their energy expenses.”

Watson Chai, Vice President and Board of Director at CNLIGHT, said, “In pursuit of the dual carbon goal, new industrial opportunities have arisen. We steadfastly embrace sustainable development by integrating smart lighting solutions with energy management technologies. With Tuya’s support, our solutions maximize electricity savings for customers. As AI rapidly evolves, we are committed to incorporating it into our offerings, providing users with an enhanced, eco-friendly lighting experience.”

Khaled Farekh, CEO of FASTNET, shared, “As a leader in smart home and building solutions in Saudi Arabia, FASTNET is dedicated to building automation and low current systems. To promote greener development for families and businesses, we are integrating AI into our energy management systems, enhancing the energy-saving capabilities of our solutions. The summit showcased Tuya’s excellence in energy technology, and we look forward to collaborating with Tuya to accelerate global sustainable development.”

The 2024 Tuya Global Developer Summit (Middle East) highlighted Tuya’s advanced AI technology and its strategic commitment to the global smart market. Moving forward, Tuya will continue to partner with developers worldwide to pioneer AI-driven products and solutions in energy management and smart homes, paving the way for a more intelligent, efficient, and sustainable lifestyle for all.

 

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JinkoSolar’s Subsidiary Jiangxi Jinko Proposed to Offer and List up to 1,000,519,986 A Shares in the Form of GDRs on the Frankfurt Stock Exchange in Germany

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October 21, 2024

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SHANGRAO, China, Oct. 21, 2024 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that Jinko Solar Co., Ltd. (“Jiangxi Jinko”), its majority-owned principal operating subsidiary, intends to issue an aggregate of up to 1,000,519,986 A shares (the “Shares”), RMB1.0 par value per Share, in the form of Global Depositary Receipts (“GDRs”) (including Shares issued as a result of the exercise of any over-allotment option, if any) (the “GDR Offering”). Each GDR represents 10 Shares. Jiangxi Jinko intends to apply for listing the GDRs on the Frankfurt Stock Exchange in Germany. The size of the GDR Offering is subject to market conditions and may be adjusted by Jiangxi Jinko’s board of directors (subject to authorization from its shareholders at the shareholders’ meeting).

The GDRs will represent not more than 10% of the total share capital of Jiangxi Jinko prior to this offering. JinkoSolar currently owns approximately 58.59% equity interest in Jiangxi Jinko. Following the GDR Offering, JinkoSolar will own approximately 53.26% equity interest in Jiangxi Jinko (calculated assuming 1,000,519,986 Shares will be issued in the GDR Offering).

The gross proceeds from the GDR Offering are expected to be not more than RMB4.5 billion (or its equivalent in foreign currencies), which, after deducting offering expenses, will be used for (i) construction and development of 1 GW High-efficiency Module Project in the U.S., (ii) construction and development of Shanxi Phase II 14 GW Integrated Production Base Project for manufacturing of monocrystalline silicon pull rod, silicon wafer, high-efficiency solar cells and modules, and (iii) working capital or repayment of bank loans for Jiangxi Jinko. The use of proceeds raised is subject to the disclosure in the offering document or other registration documents.

The completion of the GDR Offering is subject to the approval of Jiangxi Jinko’s shareholders, the approvals by the Shanghai Stock Exchange, Frankfurt Stock Exchange and the Federal Financial Supervisory Authority in Germany, and the registration process by the China Securities Regulatory Commission. Jiangxi Jinko cannot guarantee its ability to successfully complete the listing of the GDRs, the related timeline or the actual size and pricing of the GDR Offering.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had over 10 productions facilities globally, over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and a global sales network with sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of June 30, 2024.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:

Ms. Stella Wang

JinkoSolar Holding Co., Ltd.

Tel: +86 21-5180-8777 ext.7806

Email: ir@jinkosolar.com 

Mr. Rene Vanguestaine

Christensen

Tel: +86 178 1749 0483

Email: rene.vanguestaine@christensencomms.com 

In the U.S.:

Ms. Linda Bergkamp

Christensen, Scottsdale, Arizona

Tel: +1-480-614-3004

Email: linda.bergkamp@christensencomms.com

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SOURCE JinkoSolar Holding Co., Ltd.

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Realta Wealth Continues Leadership Team Expansion, Adds Abbey Eastham As Head of Advisor Relations

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56 mins ago

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October 21, 2024

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Tenured Wealth Management Executive Joins From Cetera

WILMINGTON, Del., Oct. 21, 2024 /PRNewswire/ — Realta Wealth, an exclusive independent wealth management firm, today announced the appointment of Abbey Eastham as Head of Advisor Relations. Reporting directly to CEO Kevin Keefe, Eastham will foster and enhance the relationship between Realta and its network of elite independent financial advisors in this newly created role.

“We continue to build a strong leadership team at Realta by adding highly accomplished executives from across the wealth management space,” Keefe said. “As a firm, we are delivering to our affiliated advisors all the essential benefits of an authentic independent provider, and to do this consistently, we need to listen and build trust by acting on their feedback. Abbey is a seasoned pro who will be a fierce advocate for our advisors, ensuring their voices are at the forefront when we make decisions about enhancing our offerings and allocating resources here to provide an exceptional advisor experience. With hard-won expertise and a stellar reputation, Abbey is the right person to deepen advisor relationships as Realta charts its course for the future. We are excited she chose to join us and look forward to all we will accomplish together.”

Eastham will gather and implement advisor feedback, address escalated issues from the field and lead the firm’s Strategic Advisory Council of top advisors to deliver and sustain an exceptional advisor experience. She will also partner with internal departments to ensure premier service delivery to advisors and develop programs and initiatives aimed at continuously improving the overall advisor experience.

She has more than 15 years of industry experience and has worked at some of the largest firms in the independent space. Before joining Realta, Eastham was a Senior Investment Solutions Manager at Cetera Financial Group. She has also been a Senior Vice President of Advisor Relations at First Allied Securities.

Eastham said, “I am thrilled to begin the next chapter of my career with Realta at such an exciting time for the firm. I love helping independent financial advisors grow their businesses and care for their clients. At Realta, I will ensure advisors receive the high-touch, bespoke service experience they deserve. It’s great to be part of such an impressive team of dedicated industry leaders.”

About Realta Wealth

Realta Wealth is an independent broker-dealer and RIA platform that enables financial professionals to maximize the success of their practices. Realta Wealth includes Realta Equities, Inc., a FINRA-registered independent broker-dealer, and Realta Investment Advisors, Inc., an SEC Registered Investment Advisor. Realta’s mission is to empower independent advisors to attract and serve affluent and high-net-worth clients. The firm provides advisors with best-in-class resources, bespoke support, a curated community of like-minded peers and a team of experienced and accessible executive leadership. The name Realta reflects the firm’s position as a guiding light committed to helping its advisors and clients reach their financial goals. Learn more at www.RealtaWealth.com.

Media Contacts
Lorene Yue or Brandon Blackwell
Haven Tower Group
424 317 4854 or 424 317 4868
lyue@haventower.com or bblackwell@haventower.com

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SOURCE Realta Wealth

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dotCMS announces new Head of User Experience and Director of Outbound Product Management

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October 21, 2024

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dotCMS announced today that the leading content management system has appointed Maria Fernandez Trevino as Head of User Experience and Marc Boutillette as Director of Outbound Product Management, effective August 2024.

MIAMI, Oct. 21, 2024 /PRNewswire-PRWeb/ — dotCMS announced today that the leading content management system has appointed Maria Fernandez Trevino as Head of User Experience and Marc Boutillette as Director of Outbound Product Management, effective August 2024.

“I’m thrilled to welcome both Marc and Maria as we continue building the leading universal content management system on the market for both content teams and developer teams,” said Preston So, dotCMS VP of Product.

Fernandez comes to dotCMS with over a decade of experience in the tech industry. As a leader in user experience at Oracle, she guided the development of the web, mobile, and desktop applications for the cloud offering of Oracle Content Management. As a program manager in user experience at Microsoft, she was part of the team that redesigned the Office user interface to introduce the “ribbon” and “backstage view” into all Office apps.

At dotCMS, Fernandez will act as the primary design leader, working closely with other leadership across the organization to integrate design vision and user experience into the overall product strategy and roadmap.

Boutillette has more than twenty years of experience in both product and marketing areas at Oracle. He has contributed millions of dollars in revenue and driven over 30% growth in partner ecosystems by building and presenting customer product demos, running training programs for sales and solutions engineering teams, and producing sales enablement content for go-to-market teams.

His role at dotCMS will oversee and direct all outbound product management activities including competitive analysis and intelligence, comparative product research, field enablement motions, product positioning, and developer advocacy and relations. Boutillette will collaborate closely with product managers to establish and maintain a value-focused and forward looking product vision and strategy to build trailblazing and industry-leading features and products at dotCMS.

“Maria and Marc bring a bevy of rich expertise to dotCMS from their decades at companies like Oracle and Microsoft,” said Preston So, dotCMS VP of Product. “Maria’s body of work across a variety of enterprise content products will support our already sleek user experience, and Marc’s deep product operations and field enablement background will enrich our maturing go-to-market efforts. I’m thrilled to welcome both Marc and Maria as we continue building the leading universal content management system on the market for both content teams and developer teams.”

Media Contact

Inna Bosenko, dotCMS, +1-305-900-2001, marketing@dotcms.com, dotCMS.com 

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