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Dance Drama Wing Chun Captivates at China’s Top Cultural Fair, Eyes European Debut

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SHENZHEN, China, May 24, 2024 /PRNewswire/ — This is a report from Xinhua Silk Road:

The dance drama Wing Chun stole the show at the 20th China (Shenzhen) International Cultural Industries Fair, held in Shenzhen, China, asserting its prominence in the cultural and creative landscape. The performance drew the attention of numerous international delegations, including representatives from the Artists Trade Union of Russia, and the Edinburgh Chamber of Commerce, and the China-Spain Business Association, creating a new and engaging platform for cultural exchanges and mutual understanding between Chinese and international communities.

“I find Wing Chun to be a truly distinctive and remarkable art form. Its essence deeply resonates with me, drawing from the rich tapestry of Chinese culture and philosophy. My profound appreciation of this art form enhances my understanding of the deep thoughts it conveys,” said a member of the audience from Singapore, after having witnessed the performance. He added, “Wing Chun seamlessly integrates dance, martial arts, and cultural elements, offering a unique lens into China’s traditional culture and contemporary artistic prowess.”

In an exquisite portrayal of cultural synthesis, Wing Chun masterfully intertwines oriental traditions with the vibrancy of modern artistry, creating a compelling narrative that bridges martial arts and contemporary dance. Since its premiere in December 2022, Wing Chun has graced stages over 150 times, captivating more than 30,000 audience members across various Asian locales with its distinct oriental allure.

In the latter half of this year, Wing Chun will make its debut on the European stage, embarking on a tour with dates in the United Kingdom, France, and Russia. This marks a significant expansion for the production, aiming to acquaint Western audiences with traditional Chinese cultural practices and martial arts, highlighting the inimitable charm of Chinese culture.

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This year’s fair features an expansion of the exhibition area to 160,000 square meters, spread across eight halls at the primary venue, including the Cultural Industries Halls A and B, the Intangible Cultural Heritage – Art and Crafts Hall, and the International Cultural Trade Hall. The event has drawn global attention with exhibitors from 60 countries and regions and visitors from 108. It serves as a testament to the event’s broad appeal and importance in fostering international cultural connections.

Photo – https://mma.prnewswire.com/media/2421334/A_poster_dance_drama_Wing_Chun.jpg 

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Agora acquires Clearshift’s real estate division

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Agora, a provider of real estate investment management solutions, has acquired Clearshift’s real estate division to “reinvent cross-border payments in investment management.”

The division has utilized Clearshift’s international payments infrastructure to facilitate mass payouts and capital investments between foreign investors, asset managers, real estate property managers, and fund administrators.

While the financial details of the acquisition remain undisclosed, Agora will now serve as the division’s primary client-facing interface, offering “user-friendly investment management tools.” Clearshift will retain responsibility for payment execution and compliance functions.

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For existing Clearshift clients, this integration into the Agora platform promises “enhanced capabilities.” Agora’s clients, not currently subscribed to Clearshift, will gain “a transparent solution to foreign exchange activity” that enables “seamless distributions and contributions in any currency worldwide.”

Ari Dobner, CEO of Clearshift, noted, “After years of refining our fund manager payment solution, it became clear to us that our clients would truly benefit from a full investor management solution with seamless payment integration.”

Bar Mor, co-founder and CEO of Agora, added that the acquisition will enhance their platform with “streamlined and cost-effective international payments,” leveraging the “substantial customer overlap between Agora and Clearshift.”

This acquisition follows the recent closure of Agora’s $34 million Series B funding round, backed by Qumra Capital, Insight Partners, and UK-based investment firm Aleph.

Source: fintechfutures.com

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InScope secures $4.3m to revolutionise financial reporting and auditing

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InScope, a newly launched FinTech company, has successfully raised $4.3 million to expand its innovative financial reporting and auditing platform.

According to PYMNTS, the funding round included significant contributions from prominent investors such as Lightspeed and Better Tomorrow Ventures.

InScope is focused on transforming the traditional processes of financial reporting and auditing for private companies. The company leverages advanced technologies, including generative AI and large language models, to automate and streamline the compilation of financial statements—tasks that have historically been prone to errors and required extensive manual effort.

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The new capital will be used to enhance InScope’s platform capabilities. The company aims to shift accountants’ focus from laborious manual tasks to more strategic initiatives, thereby empowering finance professionals with tools to complete reporting and auditing tasks quickly and efficiently.

InScope’s system compiles data from a company’s core systems, such as ERP, along with publicly available information, and transforms these inputs into GAAP-compliant financial and audit documents.

InScope CEO and co-founder Mary Antony stated, “Our technology dramatically reduces the time and effort required for financial reporting and auditing, eliminating the need for outdated manual processes.” Her co-founder and COO, Kelsey Gootnick, also emphasized the transformative potential of InScope, which they conceived out of their own frustrations with existing financial processes.

The company has already begun collaborating with a select group of companies to refine and enhance their financial reporting capabilities. JC Bahr-de Stefano, a venture capital investor at Better Tomorrow Ventures, commented on this partnership: “InScope is already working with a handful of companies to help streamline their financial reporting needs and enable accountants to complete their reporting tasks in minutes instead of months.”

Source: fintech.global

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Citi extends USD Clearing service to Middle East in partnership with Emirates NBD

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Citi has partnered with Dubai-based banking group Emirates NBD to launch its USD Clearing service in the Middle East.

Through this collaboration, Emirates NBD will offer the USD Clearing service, along with its commercial and treasury payment execution capabilities, to corporate and retail clients via its branch networks in the UAE and Saudi Arabia. This service will enable clients to make cross-border USD payments with continuous availability, addressing current payment flow challenges posed by varying transaction cut-off times in the UAE.

“The introduction of 24/7 USD Clearing will support the growth ambitions of our clients by giving them the ability to seamlessly transfer funds in a timely manner without having to worry about cutoffs and holidays,” said Ahmed Al Qassim, group head of wholesale banking at Emirates NBD.

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Following the initial launch, the service will be extended to all Emirates NBD branches in the Middle East and globally, including partnerships with third-party institutions.

According to its website, Emirates NBD currently operates 853 branches in the UAE, Egypt, India, Turkey, Saudi Arabia, Singapore, the UK, Austria, Germany, Russia, and Bahrain.

Shahmir Khaliq, Citi’s head of services, described the collaboration as “an important step in our journey to creating a multibank solution that is designed to deliver an end-to-end, ‘always on’ experience for participant banks and their customers.”

“Our 24/7 USD Clearing service is a clear differentiator in the market,” Khaliq continued. “It demonstrates the full value of our globally leading cross-border payments and clearing capabilities, which enable our clients to make payments faster and in a more efficient and transparent manner.”

Source: fintechfutures.com

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