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Guangzhou Development District holds 2023 Saudi (Jazan) Special Investment Promotion and Exchange Forum

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GUANGZHOU, China, Sept. 28, 2023 /PRNewswire/ — On September 25, 2023 Saudi (Jazan) Special Investment Promotion and Exchange Forum was held in Guangzhou Development District, also known as Huangpu District, situated in southern China. This exchange meeting between China and Saudi Arabia constituted the inaugural event following the visit of Guangdong delegation to Saudi Arabia in early September.

Nawaf AlWard, General Manager of the Investment Department of Jazan Royal Commission, noted that in recent years, Saudi Arabia has been steadfast in pursuing the “Vision 2030” strategy, the momentum of rapid economic development. The open foreign policy of Saudi Arabia has captivated the attention of foreign investors, particularly those from China. Therefore, the Royal Commission pledges unwavering support to assist corporations in establishing their presence and provide facilities for those on the ground.

Chen Zhiyong, Deputy Secretary of Huangpu District Committee of the CPC, articulated that the Guangzhou Development District is one of the most powerful, dynamic and efficient regions in the country. With extensive experience in investment promotion and industrial park construction, the region forms five 100-billion-level industrial clusters, including emerging information technology, automotive manufacturing, renewable energy, beauty and health, and new material, as well as three 50-billion level ones consisting of high-end equipment, biotechnology, and integrated circuits. This solid foundation is expected to facilitate the cooperation of production and energy between China and Saudi Arabia.

China-Saudi Jazan Industrial Zone, located in Jazan Industrial City in Saudi Arabia, adheres to a development strategy of “infrastructure advancement, industrial cluster, city-industry integration, and environmental protection”. This area spans 32 square kilometers, including a 30-square-kilometer industrial zone and a 2-square-kilometer residential area.

The Silk Road Industrial Services Co., Ltd. was jointly established by Guangzhou Development District, Ningxia Yinchuan Economic and Technological Development District, Royal Commission for Jubail and Yanbu (RCJY), and Saudi Aramco, responsible for attracting investment and other related work for the industrial luster zone.

Li Zhe, general manager of the Silk Road Industrial Services Co., Ltd., said that the industrial zone currently has facilities such as the Jazan Commercial Port, seawater desalination plant, and refinery. By meticulously integrating the eight pillar industries from the Guangzhou Development District with existing industry development plans of Jazan Industrial City, it targets at six predominant sectors, including metal smelting and processing, renewable energy, petrochemicals, marine wind energy equipment, intelligent home appliances, and white goods, along with the construction of specialized industrial parks within parks.

Jansson Victor Johan, Project Manager of Investment Department of Royal Commission at Jazan, also highlighted the region’s abundant natural gas, oil, and mineral resources as well as distinct cost advantages. To promote diversified economic development, special economic zones have been established in Jazan, along with a plethora of supportive policies on loans, taxes, and labor, which provide comprehensive service for foreign investors.

Xuzhuang Biotech Co., Ltd., based in Guangzhou Development District, recently signed a cooperation agreement with a Saudi agent. During this promotion event, the company’s foreign trade manager Zhang Shixian, conveyed keen enthusiasm for exploring the vast potential of the Saudi market.

Guangzhou Development District insists on a high-quality strategy for both “bringing in” and “going out”. By focusing on the development and construction of the Jazan Industrial Zone, the district maintains a high level of openness to foreign countries, actively explores new modes of international cooperation, and builds comprehensive international cooperation platforms such as ChinaSingapore, ChinaEurope, ChinaRussia, ChinaIsrael, and ChinaSaudi Arabia relationships, to accelerate reciprocal investments.

In 2022, 76 new overseas investment projects were initiated in the Guangzhou Development District, leading Guangzhou in terms of volume. The projects encompassed a diverse array of industries, including biopharmaceuticals, supply chain logistics, and electronic equipment, and extended across 16 countries and regions. Chinese pledged investments in these projects reached $1.356 billion, accounting for over 80% of Guangzhou’s share. In 2022, the district attracted over $2.9 billion in foreign investment, with 135 Fortune 500 companies establishing 315 enterprises in the area.

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Bybit Web3 Wallet Integrates Tonstakers: The First of Its TON Staking Offerings to Expand DeFi Opportunities

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DUBAI, UAE, Dec. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange,is excited to announce the integration of Tonstakers, the leading liquid staking protocol on the TON blockchain, into its Web3 Wallet. This marks the first of Bybit Web3’s TON staking offerings, reinforcing its commitment to expanding decentralized finance (DeFi) opportunities for its users.

With this integration, Bybit Web3 Wallet users can now seamlessly stake Toncoin ($TON) and receive $tsTON (Tonstakers LST) in return. The value of $tsTON increases relative to $TON every 26 hours, ensuring competitive rewards while contributing to the growth and success of the TON ecosystem. The integration also opens the door for 130 million users in the TON ecosystem to access TON staking directly within the Bybit Web3 Wallet.

Bybit is dedicated to simplifying DeFi adoption by providing intuitive and user-friendly staking experiences. This milestone partnership with Tonstakers enables users to unlock annual returns estimated between 3% and 5% APY, with rewards automatically compounded, further cementing Bybit’s role as a leader in DeFi accessibility.

Why Tonstakers Matters: The First of Its Kind
Tonstakers is the inaugural partner in Bybit Web3’s TON staking initiative, setting a new standard for staking services. With a total value locked (TVL) exceeding $260 million and a significant market share in the liquid-staked TON sector, Tonstakers offers Bybit Web3 Wallet users unparalleled access to TON staking benefits:

  • Effortless Staking: Securely stake $TON with ease, thanks to the user-friendly interface within the Bybit Web3 Wallet.
  • Earn $tsTON Rewards: Receive tokenized staked Toncoin ($tsTON), which can be leveraged within DeFi applications across the TON ecosystem.
  • Explore DeFi Liquidity: Engage with Tonstakers Earn to provide liquidity using $tsTON, unlocking diverse earning opportunities.

“Bybit Web3 is proud to deepen our integration with the TON blockchain, a crucial step in our mission to foster a thriving and interconnected Web3 ecosystem,” said Emily Bao, Head of Bybit Web3. “This integration empowers our users with seamless and trusted access to TON liquid staking pools and unlocks valuable earning opportunities. As a strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3, creating simple, easy, and accessible solutions that bring the benefits of decentralized finance to a wider audience. We believe this integration will significantly contribute to the growth and success of the TON ecosystem.”

Start Staking Today To begin staking your $TON and earning with $tsTON, visit https://www.bybit.com/en/web3/staking and discover the power of Bybit Web3 Wallet’s integration with Tonstakers. Bybit Web3 Wallet currently supports a wide range of staking services beyond TON tokens, including ETH, USDT, USDC, bbSOL, SUI, and more.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

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For more details about Bybit Web3, please visit Bybit Web3.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
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Yaber Achieves 100% YOY Sales Growth during Black Friday and Gears Up for CES 2025

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LAS VEGAS, Dec. 27, 2024 /PRNewswire/ — Yaber reported a remarkable 100% year-over-year sales surge during Black Friday. The T2 outdoor projector, featuring a built-in battery and handle-to-stand design, ranked among Amazon’s Top 3 “Most Wished For” list. Meanwhile, the L2s projectors, available in exclusive Pantone colors, sold out shortly after launch.

Yaber T2 projector is currently available at Christmas sale on Amazon and the official Yaber website. Meanwhile, pre-orders for the L2s projectors in exclusive Pantone colors will reopen in mid-January 2025.

This year, Yaber further expanded its global retail presence, debuting at the iconic Selfridges in the UK and securing placements in MediaMarkt across EMEA, Canada’s London Drugs, Saudi Arabia’s EXTRA, Belgium’s FNAC, Greece’s PUBLIC, Czech Republic’s Datart, Japan’s Bic Camera and Yodobaxi, and Malaysia’s premier IOI City Mall and Plaza Low Yat.

Looking ahead, Yaber is set to unveil its first ultra-short-throw laser projector and a new Keith Haring-inspired entry-level model at CES 2025. The launch event will take place at 4:00 PM PST, January 6, 2025 at Caesars Palace, Las Vegas. Visit Yaber’s booth in South Hall 1-30808 at Las Vegas Convention and World Trade Center (LVCC) from January 7-10 to discover more.

About Yaber

Founded in 2018, Yaber redefined home entertainment by introducing the world’s first entertainment projector, pioneering a new category in the industry. Today, its innovative projectors have delivered immersive experiences to users in over 120 countries, making Yaber a trusted name in global home entertainment.

The letter “Y” in Yaber embodies the youthful vigor and innovative spirit of Generation Y. It’s not just a symbol, but a unique representation of youth identity and attitude towards life, infusing the brand with rich cultural connotations of youthfulness within simplicity.

Committed to excellence, Yaber has been pushing the boundaries of audiovisual innovation, crafting projectors that inspire richer, more vibrant lifestyles. Its achievements are recognised with prestigious accolades, including the Red Dot, IDEA, VGP, and CES Innovation Awards.

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Xinhua Silk Road: Conference on deepening financial openness and co-op in Northeast Asia held in NE. China’s Shenyang

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BEIJING, Dec. 27, 2024 /PRNewswire/ — The 2nd Northeast Asia Finance Conference and 2024 “Revitalizing Liaoning with Finance” Excellent Cases Release kicked off on Tuesday in Shenyang, capital of northeast China’s Liaoning Province, aiming to further deepen financial openness and cooperation in the Northeast Asian region and advance construction of a regional financial center.

The main forum held a series of activities, including an opening ceremony, two round-table dialogues on “finance + biomedical industry” and “finance + cultural industry”, a symposium for foreign financial institutions, a seminar on innovative development of financial clusters, a forum on development of technology and finance, a forum on industrial low-carbon transformation and financial innovation, as well as an enterprise project roadshow and industry-finance matchmaking event.

During the conference themed on “accelerating the construction of a regional financial center in Northeast Asia and creating a new highland for opening up”, excellent cases of revitalizing Liaoning through finance in 2024 were unveiled and the index for core areas of regional financial centers in northeast China was released.

The conference also held an unveiling ceremony for the upgrading of the Shenyang finance and trade development zone to a national-level development zone, and a launch ceremony of a platform for Shenyang industrial insights and decision analysis.

The conference was co-hosted by China Economic Information Service, Liaoning Branch of Xinhua News Agency, Shenhe District People’s Government, Shenyang local financial administration under guidance of Shenyang Municipal People’s Government and Liaoning local financial supervision and administration bureau.

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