Latest News
Shanghai Electric Releases ESG Report, Highlighting Sustainable Development Achievements in 2023
- Consumption of standard coal is cut by 3,234 tons, with CO2 emissions reduced by 8,409 tons. Water usage decreased by 40%.
- The Company’s investment in environmental protection increased to 70 million RMB.
- Shanghai Electric continues to lead in green technology, achieving multiple breakthroughs in low-carbon technological innovation, with investment in R&B hitting a five-year record high.
SHANGHAI, April 28, 2024 /PRNewswire/ — Shanghai Electric (SEHK:2727, SSE:601727) announced that the Company has published the 2023 edition of its Environment, Social, and Governance report, which highlights its latest efforts in driving toward sustainability across its corporate operations throughout the year. The newest report, the eighth since its first one that was released in 2016, offers an overview of Shanghai Electric’s technological milestones in its three major business areas – energy equipment, industrial equipment, and integrated services – through which the Company helps facilitate green, low-carbon transformation in countries such as China, Pakistan, and the United Arab Emirates.
“At Shanghai Electric, we prioritize innovation in green technology, accelerating low-carbon development while zeroing in on eco-investing as part of our effort to strengthen our role in tackling global climate issues. Last year has seen us expand cooperation for green projects spanning transportation, energy, and infrastructure, helping spur economic growth with minimal environmental impact. In 2023, Shanghai Electric continued to take actions to support the United Nations’ 2030 Agenda for Sustainable Development, fostering international exchange on the climate crisis by supporting COP28 and making an effective contribution to decarbonization,” said Wu Lei, Chairman of Shanghai Electric.
Significant Headway Towards Sustainability Driven by Tech Innovation
Over the past year, Shanghai Electric has ramped up investment to develop new technology and products for driving decarbonization and global climate protection. In 2023, the Company’s spending on research and development (R&D) hit 5.381 billion RMB, the highest in the past five years. Shanghai Electric’s latest venture in heterojunction (HJT) technology and N-type bifacial modules has bolstered its solar product portfolio, with the percentage of R&B investment increasing to 33.5%. The launch of a range of new products in 2023, which includes the 16MW offshore wind turbine powered by the Poseidon platform, the 500kW containerized vanadium liquid flow energy storage system, and the 2000Nm3/H Alkaline electrolyzer, has further boosted Shanghai Electric’s technological prowess. The R&B endeavors enabled the Company to acquire 2,931 patents.
“2023 marked a year of innovation for Shanghai Electric. We believe that technology is the primary productive force that drives our business forward, so we are strengthening our position in the green energy industry, focusing on the development of energy equipment, industrial equipment, and integrated services to promote industrial transformation and upgrading,” said Liu Ping, President of Shanghai Electric.
In 2023, Shanghai Electric leveraged its strategic advantages and industry expertise to provide green solutions for more energy and industrial companies, contributing to low-carbon green transformation and development. Shanghai Electric participated in the construction of the world’s first fourth-generation nuclear power station and an ultra-supercritical double reheat coal-fired generator unit that refreshes the world’s record for its low coal consumption. In addition, Shanghai Electric’s landmark project, the world’s first floating wind-fishery integration project, was completed in the year, with its solutions empowering green transformation for China, the United Arab Emirates, Pakistan, Serbia, Malaysia, the United Kingdom, Uzbekistan, and more.
Diverse Professional Pathways Empower Employee Career Development
Shanghai Electric continuously enhances learning and career advancement opportunities for its workers, providing upskilling and reskilling programs to benefit its employees. The Company fosters a culture of inclusivity, ensuring the continuous growth and adaptability of its workforce in a rapidly changing global landscape. In 2023, the Company organized seminars and training programs for middle-aged and young managerial and technical workers, issued a white paper on occupational health management, took measures to strengthen awareness of workplace safety, and hosted an array of activities designed to enrich employee experiences and improve their employability.
Supporting Community Development and Improving Local Livelihoods
In 2023, Shanghai Electric invested 30.433 billion RMB in supporting rural construction in China with donations made by the Company and its subsidiaries to enhance local infrastructure and livelihoods, reaching 5.088 million RMB. In Dubai, Shanghai Electric worked with local communities to develop an HSE (Health, Safety, and Environment) management system with the aim of improving the ecological environment and biodiversity in areas near the Mohammed bin Rashid Al Maktoum Solar Park.
For communities near the Thar integrated coal mine and power project in Pakistan that were affected by natural disasters, Shanghai Electric provided air conditioners, and computers, and built a 10,000-square-meter hospital, which is dubbed a “mobile hospital” by local residents. During Eid al-Fitr 2024, Shanghai Electric also donated foods and vegetables to neighboring villages as part of its initiative to connect local communities and promote multiculturalism.
Please visit https://www.shanghai-electric.com/listed_en/upload/resources/file/2024/04/28//101437.pdf to read more of the report.
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HONG KONG, Aug. 7, 2024 /PRNewswire/ — COCA, a pioneering force in the crypto wallet and financial services industry, has achieved several remarkable milestones in Q2 2024. Thanks to the steadfast support of its user community, COCA has launched new features, expanded its partnerships, and garnered prestigious accolades, further solidifying its position as a leader in the crypto space.
Launch of Physical Cards
COCA has introduced its highly anticipated physical cards, which are now available globally and compatible with Apple Pay and Google Pay. These cards allow users to make transactions with ease, earning cashback rewards on their purchases. This significant launch marks a step forward in integrating crypto with everyday financial activities, enhancing user convenience and financial flexibility.
Wallet Growth Milestone
The company has reached a significant milestone with 510,000 active wallets, reflecting a 102% growth quarter-on-quarter. This surge in active wallets highlights the increasing trust and adoption of COCA’s platform, as more users join the COCA community to manage their crypto assets securely and efficiently.
Transaction Volume Surge
In Q2 2024, COCA processed over USD 450,000 in transactions through its platform, demonstrating the robust usage and popularity of its financial services. This impressive transaction volume underscores COCA’s commitment to providing smooth and efficient crypto payment solutions.
Integration with Revolut
COCA has made it easier for users to fund their wallets by integrating with Revolut. This new feature allows seamless loading of crypto assets, enhancing the overall user experience and accessibility of COCA’s services.
Award Recognition
COCA has been honoured with the “Best Startup” award in the Financial Revolution category at CONF3RENCE & BLOCKCHANCE 2024. This award is a testament to COCA’s innovative approach and significant impact on the future of finance, recognizing its efforts in driving forward the digital financial ecosystem.
New Strategic Partnerships
COCA has formed strategic partnerships with industry leaders such as Wirex Pay and GoMining. These collaborations aim to provide users with enhanced rewards and a superior overall experience. The partnerships signify COCA’s dedication to expanding its ecosystem and delivering greater value to its users.
Welcoming Pavel Matveev
COCA is excited to announce the addition of Pavel Matveev, Founder of Wirex, to its team as a Strategy and Product Advisor. Pavel’s extensive experience and visionary approach are expected to drive COCA’s strategic initiatives and product development, contributing to the company’s continued growth and innovation.
Season 2 Point System Launch
Season 2 of COCA’s popular point system has launched, offering users the opportunity to earn points through various activities, including trades, referrals, holding assets, and spending with COCA cards. With a prize pool of USDT 3500 and 5 Wirex Pay Nodes, this season promises exciting rewards and increased user engagement. The season ends on August 9th, so users are encouraged to participate actively.
NFT Giveaway
In a special giveaway, COCA distributed 1000 GoMining NFTs to lucky users. These NFTs provide unique benefits, including enhanced mining capabilities and exclusive digital collectibles, adding significant value to the user experience.
For further details on COCA’s Q2 achievements and upcoming initiatives, visit the company’s blog.
Website: coca.xyz
COCA continues to redefine the crypto experience with its innovative solutions, seamless integrations, and user-focused approach. The company’s recent milestones and future plans highlight its commitment to leading the way in the digital financial landscape.
About COCA
COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.
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VICTORIA, Seychelles, Aug. 7, 2024 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to announce the launch of GemPool, its innovative new platform that allows users to acquire token airdrops as a reward for staking their crypto assets. This unique product is designed to provide early access to emerging crypto projects while offering rewards for their existing holdings at zero cost. By staking respective tokens in separate pools, users can farm new tokens and gain a foothold in the latest developments within the cryptocurrency market.
GemPool also offers flexible staking terms, allowing users to stake and un-stake their assets anytime within the designated period without lock-up restrictions. This flexibility ensures that users can manage their assets according to their preferences and market conditions. Additionally, GemPool provides zero-cost rewards, enabling users to earn tokens while holding their existing cryptocurrencies. By staking their tokens, users contribute to the growth of promising new projects, supporting innovation and development within the crypto space. With completion of tasks offered, users are eligible to earn multiplier bonus and receive more rewards.
Users can participate by staking KCS, USDT, or other specified assets in designated pools. The rewards are earned according to the respective yields of the pools, ensuring a fair and exciting experience for all users.
For more information on how to participate and the benefits of GemPool, please visit the KuCoin GemPool page.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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Latest News
Trust Wallet Launches Gamified Education Platform and Loyalty Program to Enhance and Reward Web3 Learning
DUBAI, UAE, Aug. 7, 2024 /PRNewswire/ — Trust Wallet, the world’s leading self-custody Web3 wallet and Web3 gateway trusted by over 130 million users, has launched Trust Wallet Quests, a gamified education platform within the Trust Wallet mobile app which encourages users to earn points while exploring and learning about Web3.
Users can engage in task-based challenges ranging from quizzes to complex problem-solving scenarios composed of various DeFi and Web3 activities, all designed to deepen their understanding of blockchain technology and decentralized applications (dApps), and expose them to exciting opportunities within Web3. As an incentive, users will earn Trust Points, a loyalty-based points system designed to reward user activity within the Trust Wallet mobile app. With Trust Points, users can earn rewards upon the completion of specific tasks, making Web3 more rewarding and fun.
In the future, Trust Points will offer additional gamification features, such as unlocking achievements, badges, and levels. This interactive approach not only boosts individual learning but also contributes to broader community education and adoption of decentralized technologies, making Trust Wallet Quests a dynamic and exciting way to reward loyal users and engage with communities in Web3.
On the motive for launching Trust Wallet Quests, Eowyn Chen, CEO of Trust Wallet, stated: “The complex technology and fast-paced industry can be intimidating for both new and seasoned users. The introduction of Quests on Trust Wallet further solidifies our commitment to making it easier for millions to navigate Web3, aligning perfectly with our mission to build a seamless Web3 hub and open ecosystem for all.”
Nate Zou, Head of Product at Trust Wallet, highlighted what to expect from Trust Points and Trust Wallet Quests: “Trust Points and Quests are just the first iteration of a much-needed reward system for our community. Within 2024, we have plans to build on this, combining rewards with many of our other web3 product offerings. Overall, we envision this points system not only changing how users engage with Trust Wallet, but also encouraging more collaboration between Trust Wallet, our users and other web3 ecosystem players.”
Trust Wallet Quests and Trust Points are now available on both Android and iOS versions of Trust Wallet’s mobile app. Download here: https://short.trustwallet.com/TrustWalletQuests
About Trust Wallet
Trust Wallet is the self-custody, multi-chain Web3 wallet and Web3 gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, buy, sell, and stake crypto to earn rewards, all in one place and without limits.
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