Technology

SK Networks and Sunway Join Forces to Drive AI Innovation and Explore Regional Expansion

Published

18 hours ago

October 30, 2024

*Extensive collaboration expected in AI-powered products and systems••• including possible joint venture & share swap
*MoU will also see Sunway tapping the talent and innovation of PhnyX Lab, the Silicon Valley-based AI research and development arm of SK Networks
*SK Networks, “We’ll focus on boosting the Malaysian market and maximizing synergy between the two companies to drive greater corporate value.”

SEOUL, South Korea, Oct. 30, 2024 /PRNewswire/ — SK Networks, a company steering the growth of its subsidiaries and scaling future value through AI-driven innovations, is ramping up its strategic collaboration with Sunway Group, a leading conglomerate in Southeast Asia with core interests in real estate, construction, healthcare, education, leisure and hospitality sectors.

SK Networks (CEO: Hojeong Lee) announced on October 30 that it had inked a Memorandum of Understanding (MoU) with Sunway to establish a wide-ranging partnership encompassing both companies and their subsidiaries.

On October 22, SK Networks, part of SK Group which is among the largest conglomerates in South Korea, hosted senior executives from Sunway, led by Group CEO of Digital and Strategic Investments Evan Cheah, to formalise this collaboration through an MoU signing ceremony at SK Networks’ headquarters in the Samil Building, Jongno-gu, Seoul.

Founded in 1974, Sunway today owns and manages three publicly-listed companies on Bursa Malaysia with a combined market capitalisation of more than RM35 billion / USD 8 billion, operating across 13 business divisions in 50 locations worldwide.

Sunway is highly regarded for its unique build-own-operate model, and its flagship Sunway City Kuala Lumpur is Malaysia’s first fully integrated, green and sustainable township, which attracts more than 42 million visits a year.

SK Magic, a subsidiary of SK Networks specialising in innovative home appliances, has already established a foothold in the Malaysian market through its existing relationship with Sunway. This MoU will deepen this partnership by identifying key areas to leverage synergies across multiple business sectors and regions where SK Networks and Sunway have a presence.

These initiatives include SK Magic’s ongoing development of innovative AI-powered products and the introduction of PhnyX Lab’s technology to develop and integrate AI systems within Sunway’s ecosystem.

Furthermore, SK Networks and Sunway are pushing for various collaboration models, such as establishment of a joint venture between SK Magic and Sunway, and possible share swap between SK Networks and Sunway.

Sunway Group CEO of Digital and Strategic Investments Evan Cheah said: “Our partnership with an AI-driven organization like SK Networks represents a natural synergy for Sunway’s own digital transformation journey.”

“As a conglomerate marking our 50th anniversary this year, we will continue to build on our history of embracing technology and innovation to evolve our businesses towards the next 50 years and beyond,” Evan added.

SK Networks plans to actively support the process following this agreement between the two companies to ensure that it translates into tangible results. The company aims to facilitate the smooth global expansion and collaboration of its existing businesses while continuing to enhance its value as an AI-driven company.

Hojeong Lee, President & CEO of SK Networks said, “We will establish a working group to develop specific collaboration strategies with Sunway, focusing on AI-related areas. Our objective is to generate visible synergies as we expand our presence in Malaysia. We are dedicated to facilitating seamless operations between our headquarters and subsidiaries while also exploring innovative avenues to identify new business models and nurture external partnerships that can create significant value.”

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SOURCE SK Networks

Technology

NetEase to Report Third Quarter 2024 Financial Results on November 14

Published

2 mins 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

2 mins 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

2 mins 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