Fintech PR
Angel Yeast’s 2024 New Year’s Resolutions: Advancing Development through Technological Innovation
SHANGHAI, Jan. 29, 2024 /PRNewswire/ — Angel Yeast (SH600298), the world’s leading yeast manufacturer, is excited to share its resolutions for 2024. Building upon the achievements of 2023 and upholding high standards across various indicators, Angel Yeast is dedicated to pursuing high-quality development fueled by innovative technologies in the new year.
“On behalf of Angel Yeast, we would like to extend our New Year wishes to everyone. We are grateful to our 12,500 hardworking employees who have made exceptional contributions to the company’s growth despite facing numerous challenges. Looking ahead, we are committed to innovation-driven development, global expansion, and seizing opportunities in international markets. Additionally, we remain dedicated to environmental protection and sustainable development, as we strive towards a prosperous and sustainable future,” said Xiong Tao, chairman of Angel Yeast.
Increasing R&D investment and talent development to drive innovation and high-quality development
In 2023, Angel Yeast made significant investments:
- Invested over 900 million RMB in R&D.
- Established a research institute, 10 technology centers, and 23 internal research platforms.
- Launched over 200 new products and obtained 123 authorized patents.
As a result, Angel Yeast’s yeast protein received approval as a new national food ingredient. The company’s dedication to innovation was acknowledged internationally through the acclaimed project of Dr. Sun Yafang’s team and honored achievements in yeast extract technology in the Chinese patent field.
In addition to investing in R&D, Angel Yeast prioritized talent development in 2023:
- Attracted 667 talented individuals.
- Promoted 42 young cadres.
Moving forward into 2024, Angel Yeast remains committed to making innovation their primary driving force, and continues to encourage innovation and foster a culture that tolerates failures.
Driving global expansion with a “Market-Centric” Approach
In 2023, Angel Yeast diligently pursued its globalization strategy, focusing on key markets such as the Middle East, Africa, and the Asia-Pacific region, also made significant efforts to develop new markets in North America and Europe, resulting in continued growth in overseas revenue.
This commitment to globalization is further reinforced by the consistently high-speed growth achieved in Angel Yeast’s overseas markets. In line with its globalization efforts, Angel Yeast (Egypt) Co., Ltd. and Bosaba Company plan to establish a joint venture in Algeria, demonstrating the company’s dedication to expanding its global presence.
Looking ahead to 2024, Angel Yeast remains committed to expanding its “going global” efforts. The company has ongoing capacity expansion projects at two overseas subsidiaries, with expected completion and operation in the coming year. Additionally, Angel Yeast is planning the construction of new overseas production facilities to support its globalization goals, further solidifying its presence in international markets.
Embracing an Environmentally Friendly Development Strategy for a Sustainable Future
Angel Yeast’s dedication to environmental protection and sustainable development was recognized in 2023. The company received a bronze medal from EcoVadis. This achievement placed Angel Yeast among the top 42% of globally assessed companies.
However, Angel Yeast is not satisfied and is actively seeking ways to further improve. The company is making plans based on the areas highlighted for improvement in the EcoVadis report. In 2024, Angel Yeast will focus on strengthening the management of hazardous substances, actively promoting resource recycling, and striving to minimize waste. By doing so, Angel Yeast aims to contribute to building a sustainable and better future.
Angel Yeast’s resolutions for 2024 revolve around driving high-quality development through technological innovation, pursuing globalization strategies, and building a sustainable future. Angel Yeast is confident in achieving even greater success in the year ahead.
Video – https://www.youtube.com/watch?v=rhT9BqD2ggQ
Logo – https://mma.prnewswire.com/media/1586948/angel_logo_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/angel-yeasts-2024-new-years-resolutions-advancing-development-through-technological-innovation-302046695.html
Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
Photo – https://mma.prnewswire.com/media/2566076/Wahed_MENA_Khalid_Al_Jassim.jpg
View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
Photo – https://mma.prnewswire.com/media/2566075/Qatar_Development_Bank_Announcement.jpg
View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
Photo – https://mma.prnewswire.com/media/2557788/image.jpg
Photo – https://mma.prnewswire.com/media/2565550/Image2.jpg
Logo – https://mma.prnewswire.com/media/2449955/5026987/AIMA_Technology_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
-
Fintech4 days agoFintech Pulse: Industry Updates, Innovations, and Strategic Moves
-
Fintech3 days agoFintech Pulse: Daily Industry Brief – A Dive into Today’s Emerging Trends and Innovations
-
Fintech PR3 days agoTAILG Represents the Industry at COP29, Advancing South-South Cooperation with Low-Carbon Solutions
-
Fintech PR4 days agoROLLER Releases 2025 Attractions Industry Benchmark Report, Unveiling Key Trends and Revenue Strategies
-
Fintech6 days agoFintech Pulse: Navigating Expansion, Innovation, and Sustainability
-
Fintech5 days agoFintech Pulse: Milestones, Partnerships, and Transformations in Fintech
-
Fintech PR2 days agoAlkira Ranked 25th Fastest-Growing Company in North America and 6th in the Bay Area on the 2024 Deloitte Technology Fast 500™
-
Fintech PR4 days agoThe CfC St. Moritz Announces New Speakers from BlackRock, Binance, Bpifrance, Temasek, PayPal, and More for Upcoming 2025 Conference