Fintech PR

ZTE hosts 5G Advanced Innovations and New Product Release Conference at MWC24

Published

9 months ago

February 28, 2024

ZTE showcased 10 new stunning 5G-A products and comprehensive planning for the 5G-A era at MWC24
China’s three major telecom operators and key industry partners participated the conference

BARCELONA, Spain, Feb. 28, 2024 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of information and communication technology solutions, hosted “5G-Advanced Innovation and New Product Release Conference” at MWC Barcelona 2024, which systematically demonstrated ZTE’s panoramic planning and futuristic innovations for the 5G-A era, and released 10 new stunning 5G-A products, fully preparing for 5G-A commercial use. China’s three major telecom operators and industry partners also participated the conference.

Zhang Wanchun, Senior Vice President at ZTE, pointed out in his opening keynote speech that, the unveiling of 5G-Advanced technologies is an exciting milestone for the possibility and potential of the future communication technology development. 5G-Advanced represents more than an evolution stage from 5G to 6G in speed and connectivity; it signals a paradigm shift in the way people live, work and play. He called on the industry to join hands and work together for a smarter and more connected intelligent world.

Li Xiaotong, Vice President at ZTE, General Manager of RAN products, delivered a speech entitled “New Horizon of 5G Advanced,” and shared ZTE’s understanding, planning and achievements of 5G-A. “5G-A is consistent with the evolution direction of 5G-A and 6G in the industry, which is an enhancement to 5G and a connection to 6G. 5G-A will enhance its capabilities in three major 5G scenarios, in terms of eMBB, mMTC and uRLLC, and meanwhile, it will open up three major scenarios, including integrated sensing & communication, universal intelligence and ubiquitous connectivity.” said Li Xiaotong. “Through the six-dimensional scenarios’ enhancement and expansion, 5G-A will continuously realize the infinite value for B2C digital life, B2B digital industry and B2X digital society. ZTE has implemented several 5G-A use cases in different domains, demonstrating the exciting prospect of 5G-A.”

During the product release event, ZTE unveiled 10 stunning innovative products incorporating three categories, the simplest and high efficient UBR and FDD M-MIMO products, the mmWave products and NTN ground base station to extend 5G-A scenarios, and the a series of products with integrated communication and computing for rich B2C, B2B applications.

At the conference, representatives of China’s three major operators also respectively shared their practical experience and unique insights into 5G-A.

Cao Lei, Deputy Director of Wireless and Terminal Technology, China Mobile Research Institute, delivered a comprehensive speech entitled “5G-A Promotes the Prosperity of Low-Altitude Economy,” which systematically outlined the growth trends of the low-altitude economy, the business scenarios it encompassed and the key role of 5G-A in strengthening this sector.

Cao Lei said that the low-altitude economy has become a new track for global economic development, covering express logistics, emergency rescue, environmental monitoring, agriculture, forestry and plant protection, consumer entertainment and many other fields. When 5G-A meets new tracks, it stimulates unlimited opportunities.

China Mobile actively cooperates with the industry to conduct research on low-altitude intelligent network technology based on 5G-A, takes the lead in formulating technical standards such as UAV terminal capability identification, proposes a low-altitude networking technology system for all scenarios, and innovatively puts forward key technologies such as terminal-based interference control in response to the prominent problems of high interference and frequent handovers in the low-altitude scenario.

Fan Bin, Director of the Wireless Network of China Unicom, pointed out that China Unicom has built up the world’s largest co-constructed and shared 5G network, and made significant achievements in 5G industrial applications. With the upgrading of the network capabilities, 5G applications in vertical industries are moving deeper from non-critical production to critical production. 5G-A with high deterministic capability is one of the best choices to meet the requirements of mobility, easy to wear and tear, massive connectivity, and frequent adjustment. China Unicom, together with ZTE and leading enterprises in the industry, have conducted multiple commercial practices of 5G-A applications in the critical production domains, such as 5G-A + cloud-based PLC application in WuHu Midea Kitchen & Bath Appliances Manufacturing Co., Ltd. and 5G-A + industrial control application in Wuhan Iron and Steel Co.,Ltd..

Wei Yao, Director of China Telecom Research Institute of Mobile and Terminal Technology, presented the significant advancements achieved by China Telecom in deterministic network. Furthermore, based on their experience in digital transformation practices within the industry, he discussed the future direction of wireless network development. Wei Yao emphasized that establishing deterministic network capacity is crucial for industry applications to penetrate the critical production effectively. In collaboration with ZTE, China Telecom aims to continue driving technological innovation, and empowering the new development of industries.

5G-A is about to enter large-scale construction and accelerate commercial use. ZTE will work with all sectors of the industry to jointly promote the continuous iteration and commercial practice of 5G-A technology, and drive continuous and in-depth development of global digital and intelligent transformation.

For more information, please visit ZTE booth (3F30, Hall 3, Fira Gran Via) at MWC Barcelona 2024, or explore:
https://www.zte.com.cn/global/about/exhibition/mwc24.html

ABOUT ZTE:
ZTE helps to connect the world with continuous innovation for a better future. The company provides innovative technologies and integrated solutions, and its portfolio spans all series of wireless, wireline, devices and professional telecommunications services. Serving over a quarter of the global population, ZTE is dedicated to creating a digital and intelligent ecosystem, and enabling connectivity and trust everywhere. ZTE is listed on both the Hong Kong and Shenzhen Stock Exchanges. www.zte.com.cn/global

FOLLOW US:
Facebook www.facebook.com/ZTECorp
Twitter www.twitter.com/ZTEPress
LinkedIn www.linkedin.com/company/zte
YouTube www.youtube.com/@ZTECorporation

MEDIA INQUIRIES:
ZTE Corporation
Communications
Email: [email protected]

View original content:https://www.prnewswire.co.uk/news-releases/zte-hosts-5g-advanced-innovations-and-new-product-release-conference-at-mwc24-302073757.html

Fintech PR

Fintica AI and Legend Arb of Hong Kong Announce Strategic Investment and Partnership

Published

2 hours ago

November 28, 2024

CISION (PR Newswire)

HONG KONG, Nov. 27, 2024 /PRNewswire/ — Fintica AI Ltd, a leading innovator in next-generation AI solutions for capital markets, and Legend Arb Trading Limited, a Hong Kong-based proprietary trading firm with a global footprint across major financial hubs such as Shanghai, Taiwan, and Singapore, have announced a strategic investment and partnership.

Through this collaboration, Legend Arb has made a strategic investment in Fintica AI, strengthening the partnership between the two companies. This alliance will empower Legend Arb to advance its quantitative trading capabilities by harnessing Fintica AI’s unique unsupervised artificial intelligence technology. The partnership also aims to launch innovative new products and solutions. Simultaneously, Fintica AI will expand its business development efforts and market presence in Hong Kong and the Greater China region.

Kace Lam, Chief Executive Officer of Legend Arb, stated:
“Legend Arb is excited to collaborate with Fintica AI and its world-class AI technology team, known for pioneering advancements in quantitative modeling for financial markets. By combining Fintica AI’s deep academic and R&D expertise with our robust trading experience, we are poised to unlock significant value and drive innovation in quantitative trading strategies.”

Philippe Metoudi, Chief Executive Officer of Fintica AI, remarked:
“This partnership with Legend Arb represents a significant step forward in our mission to revolutionize the financial markets with advanced AI solutions. By joining forces, we can harness our respective strengths, explore the untapped potential of Hong Kong and Greater China’s financial sector, and deliver transformative innovations that shape the future of quantitative investment.”

About Fintica AI Ltd:
Fintica AI is a leading fintech company specializing in advanced AI solutions for capital markets. Its flagship platform, Spectrum MRI, delivers state-of-the-art tools for identifying market regimes across asset classes, including equities, fixed income, and commodities. By offering predictive analytics and robust risk-management capabilities, Fintica AI empowers investment managers, quantitative analysts, and strategic allocation teams with cutting-edge decision support tools. Headquartered in Tel Aviv, the company maintains a strong presence in major global financial hubs, driving innovation and excellence in the financial industry.

About Legend Arb Trading Limited:
Legend Arb is a Hong Kong-based proprietary trading company with a global presence in major financial centers like Shanghai, Taiwan, and Singapore. Specialized in pricing of Chinese-related products, equity index futures, and commodities futures, Legend Arb acts as a committed market maker to provide liquidity for HKEX and SGX.

For further information:
Visit www.fintica-ai.com
email [email protected].

View original content:https://www.prnewswire.co.uk/news-releases/fintica-ai-and-legend-arb-of-hong-kong-announce-strategic-investment-and-partnership-302317533.html

Fintech PR

24 Exchange Receives SEC Approval of its New National Securities Exchange, “24X National Exchange”

Published

5 hours ago

November 27, 2024

CISION (PR Newswire)

24X National Exchange Plans to be the First Exchange to Offer U.S. Equities Trading 23 Hours-Per-Day on Weekdays

STAMFORD, Conn., Nov. 27, 2024 /PRNewswire/ — 24 Exchange announced today that it has received approval from the U.S. Securities and Exchange Commission to operate 24X National Exchange as the first national securities exchange in the U.S. that allows trading of U.S. securities 23 hours each workday. The extended hour trading is subject to Equity Data Plans making changes that would facilitate overnight trading hours and 24X National Exchange making an additional rule filing with the SEC confirming the changes and the Exchange’s ability to comply with the Securities Exchange Act.

24X National Exchange will be subject to the SEC’s ongoing regulatory oversight and full range of investor protections. The new Exchange will enable retail and institutional customers anywhere in the world to trade in U.S. equities via broker-dealers who are approved members of 24X National Exchange.

24X National Exchange will be launched in two stages. A first stage will open in the second half of 2025, with the Exchange operating from 4:00AM ET to 7:00PM ET on weekdays. The second stage, which will launch once the conditions noted above are met, will offer trading in U.S. equities from 8:00PM ET on Sunday through 7:00PM ET on Friday. A one-hour operational pause will occur during each trading day to accommodate routine software upgrades and functionality testing.

24 Exchange CEO and Founder Dmitri Galinov said: “The SEC’s approval of our new exchange is a thrilling development that the 24X Team has been working toward for many years. Traders are most at-risk when the market is closed in their geographic location. 24X National Exchange will seek to alleviate this problem by facilitating around-the-clock U.S. equities trading for broker-dealers and their institutional and retail customers.”

As the first national securities exchange approved by the SEC to operate 23 hours each weekday, subject to the conditions noted above, 24X National Exchange will initially focus on capturing the expanding demand in the APAC region for overnight liquidity in U.S. equities.

The 24X National Exchange will run on a proven, state-of-the-art technology platform provided by MEMX Technologies. The new Exchange’s executive team will place a high priority on enhancing client experience through continuous technology innovations and improvements.

“With this historic SEC approval in place, we will build and operate a customer-driven Exchange that can rapidly align with market demands and adapt quickly to client feedback,” Galinov added. “We look forward to bringing a superior trading experience to global customers. 24X National Exchange will deliver the cost efficiency, speed, resilience, and adaptability that the company’s financial institutional customers have long come to expect.”

24X National Exchange will close on U.S. market holidays, similar to the schedules maintained by the NYSE and Nasdaq.

24 Exchange through 24X Bermuda Limited, an affiliate of 24X National Exchange, will continue to offer FX NDFs, Swaps and Spot trading to institutional clients. Since its launch in 2019, 24 Exchange’s multi-asset offering through a single trading interface has enabled clients to access increased liquidity at lower cost.

About 24 Exchange

24 Exchange allows market participants to seamlessly exchange their exposures at the lowest possible cost. 24 Exchange’s mission is to enable members to initiate the most cost-effective trades across a growing range of asset classes, 24 hours a day. 24 Exchange lowers the cost of exchanging assets in the global markets while delivering creative and unique workflows catered to each asset class. More information is available at https://24exchange.com/.

Media Contact:
Eric Andrus, KARV
[email protected]
Phone: +1 (212) 333-0275

View original content:https://www.prnewswire.co.uk/news-releases/24-exchange-receives-sec-approval-of-its-new-national-securities-exchange-24x-national-exchange-302317888.html

Fintech PR

HPOS10I Lands on ByVotes to Get Community Backing for Bybit Listing

Published

8 hours ago

November 27, 2024

CISION (PR Newswire)

hpos10i-lands-on-byvotes-to-get-community-backing-for-bybit-listing

DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, unveiled a new candidate for a potential Bybit Spot listing via ByVotes, HPOS10I (HarryPotterObamaSonic10Inu). Voting is now open for Bybit users with an opportunity to divide a prize pool of 1,800,000 HPOS10I.

From now to Nov. 29, 8AM UTC, supporters of HPOS10I may cast their votes for the project in two simple steps: deposit eligible assets into their Bybit account to produce a holdings snapshot, and head over to ByVotes to cast their votes. With sufficient votes from the community, the project will be listed on Bybit Spot, and the voters will receive a share of the airdrop from HPOS10I.

The iconic memecoin was the first of its kind to fuse the realm of fantasy and the chaotic lure of crypto, leaving its mark in crypto history since its launch in May 2023. It is known for its vibrant community, the Sproto Gremlins, an NFT collection of 3,333 exclusive unique manifestations of HPOS10I’s egregore.

Bybit has recently revamped ByVotes to raise the bar for listing requirements and yield more power to the community. Users now have more control over the number of votes they get by increasing holdings or by referrals, while unlocking more earning potentials from project listings.

The new mechanism enhanced both project quality and community engagements. A variety of tokens have achieved 100% listing odds via ByVotes, including CHILLGUY, LUCE, and NEIROCTO, among others. Multiple projects featured exclusive airdrops for the community that helped them become listed on Bybit Spot.

ByVotes provides an arena for niche projects where participants stand to be rewarded from various prize pools if the projects they vote for succeed in getting listed status on Bybit Spot: ByVotes Spot.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media