CHINA DAILY USA: The 2-minute elevator pitch is getting turned upside down...

Updated: 2017-02-17 05:17; by Chris Davis (chinadaily.com.cn) You could call this one a vertical market that’s about to get a lift. A Shenzhen based company is pioneering two Internet of Things (IoT) technologies targeting one of the largest captive audiences anywhere — the riders of China’s 4.26 million elevators. First is a cloud-based digital display terminal known as Yunfa Net that developer China Information Technology, Inc. (CNIT) says is already signed to be in 50,000 elevators across China, mostly commercial office buildings and residential high-rises. Aside from displaying local news and weather, the system has interactive advertising that allows passengers to ask questions about products and even make purchases. Some even have facial recognition technology that lets it “remember” a shopper’s preferences and share them with other terminals (and tempt you with something you might like on your next ride, no doubt). Yunfa Net also makes advertisers’ lives easier, allowing them to use a PC or mobile app to create an ad and send it directly to targeted elevator display terminals across China. “A fast food chain could create ads for cold drinks and send them to terminals in hot locations, and send hot drink ads to terminals in cool locations,” the company boasts. Jewelry companies and high-end luxury item sellers can drop their ads into elevators in posh hotels, where the well-heeled are free to make impulse buys. The smart elevator is not all about marketing. CNIT is also introducing a service to increase safety in elevators, something the Chinese government has said is “urgently needed,” the company says. Smart modules collect data 24/7 from the car and stream it to building maintenance, property management and local police, any of which can respond if there is trouble. It also maintains service records and switches on lights in an emergency. This safety component of the service CNIT hopes to market to half of China’s 4.26 million elevators by 2020. Concern about elevator safety in China came to the front as far back as 2013, when then deputy head of the General Administration of Quality Supervision, Chen Gang, called for the training of more elevator maintenance professionals after a string of deadly accidents involving malfunctioning equipment, apparently because of shoddy maintenance. At the time, the number of elevators in China was increasing 20 percent a year, having reached 2.45 million by 2012, making China number one in the world in numbers of elevators in use, production and growth. “The dramatic increase in elevators in use, the aging of equipment and the heavy load on elevators and escalators threaten their safe operation,” Chen told China Daily at the time. Fan Kun, director of a special equipment testing institution responsible for examining all elevators and escalators in Beijing’s Chaoyang district, said that after receiving reports submitted by companies that maintain the elevators, the institution “often found in the follow-up examination that the condition of the elevator differed from what they said in the report.” “Sometimes, some maintenance workers with a heavy workload would just skip some tests and fill in fake results,” he told China Daily. The Internet of Things and safety-focused apps like CNIT’s can help put an end to that. With China building more skyscrapers than any other country in the world in 2016 — 84 of the 128 completed worldwide — shattering its previous year record of 68 completions in 2015 (picture bamboo in growing season), it seems inevitable that more and more people will be spending more and...

TAKUNG REPORTS $1.37 BILLION IN ONLINE TRADING TRANSACTIONS FOR JANUARY 2017, UP FROM $299.25 MILLION IN JANUARY 2016 Company Adds 11 New Listings, Bringing Total Artworks On Platform to 186...

Hong Kong, February 8, 2017 — Takung Art Co., Ltd. (OTCQB:TKAT), an online platform for acquiring shared ownership units in Asian and other fine art, jewelry and precious gems, today said it processed transactions totaling US$1.37 billion in the 18-day trading month of January 2017, a 359 percent increase on total transactions of US$299.25 million recorded in the 20-day trading month of January 2016. The company also added 11 new listings in January 2017, bringing the total number of listings of artwork trading on its platform to 186. “Trading activity on the Takung platform was very impressive in January,” said CEO Di Xiao, “despite the shortened trading month because of the early onset of the Chinese New Year holidays. January new listings were very well-received, and we are confident that the number of active traders and monthly trading activity will continue to increase in 2017.” Since December 2013, Takung has provided a way for art collectors and investors to buy and sell ownership units in valuable paintings, calligraphies, jewelry and precious gems. Takung’s unique approach is to divide selected artwork into equal ownership units based on its appraised value. Traders can then buy and sell these units online via a client app available for download from the company’s commercial website. While most of the traders on the platform are currently located in mainland China, Takung announced last year an expansion of operations to increase its trader base with residents of Russia, Mongolia, Australia and New Zealand. Takung generates revenue primarily from listing fees ranging from 22.5 to 48.5 percent of the artwork’s offering price, as well as recurring revenue from trading commissions and management fees. There are two types of listings on the Takung site – an individual artwork or a portfolio of several pieces. Most of the listed artworks trade actively and have shown significant appreciation following their initial sale and introduction on the site. Each listing – with its initial offering price and current price and value – can be found on Takung’s corporate website at http://www.takungart.com/portfolio/listed-artwork. ABOUT TAKUNG ART CO., LTD: www.takungart.com Based in Hong Kong, Takung Art Co., Ltd. is an online trading platform for acquiring shared ownership in Asian and other fine art, jewelry and precious gems. This proprietary platform allows collectors and investors – including those with modest financial resources — to buy and sell units of these assets and participate in the booming Asian art market. The company’s shared-ownership business model significantly expands the number of interactions between sellers and buyers of fine art far beyond those generated by art galleries and auction houses alone. Takung operates its online trading platform via three wholly-owned subsidiaries, Hong Kong Takung Assets and Equity of Artworks Exchange Co. Ltd., Takung (Shanghai) Co., Ltd., and Takung Cultural Development (Tianjin) Co., Ltd. FORWARD-LOOKING STATEMENTS This press release may contain projections or other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and...

Dragon Jade Signs Exclusive Option to Acquire Ultroid System for Treatment of Hemorrhoid Disease...

HONG KONG, CHINA / ACCESSWIRE / February 2, 2017 / Dragon Jade International Limited (DGJI) today announced that it has signed an exclusive option and remediation agreement (EORA) with Ultroid Technologies, Inc. and affiliates to acquire all assets, equipment, and intellectual property of the Ultroid System for treatment of hemorrhoid disease. In the first stage of the agreement, which commenced on January 23, Dragon Jade engaged an electronics service provider to conduct a remediation program designed to investigate and update the Ultroid System’s product and design files. The next stage, to begin shortly, will include the implementation of a new Quality Management System (QMS) to monitor manufacturing and internal record keeping for the Ultroid System (Violations cited by the FDA against the Ultroid company in August 2015 largely centered around an inadequate QMS). Should the electronics service provider be successful in its first two stages of the remediation program – and meet related milestones detailed in the EORA – Dragon Jade would agree to both cancel its arbitration proceedings initiated against Ultroid on January 3 and remit to that company within 90 days payment of US$1 million in cash and 500,000 restricted common DGJI shares in return for ownership of the Ultroid assets. Dragon Jade would then instruct the service provider to enter the production phase of the remediation process with an initial order of 100 units of the Ultroid System and 7500 of the probes used with the System, all of which would be produced and delivered to DGJI by late May or June, assuming related timelines are met. Upon conclusion of the production phase of the remediation process, Dragon Jade will be in compliance with manufacturing and record-keeping standards required by the existing 510(K) FDA clearance of the Ultroid System, and will thus have the right to manufacture it in the U.S. and to market it worldwide. All expenses associated with the remediation process, as well as other expenses related to the process, are secured by a lien on the assets of the Ultroid company. “We are very excited to sign this agreement,” said Dragon Jade chief executive Dr. Steve Lai. “We believe Ultroid currently has a worldwide market potential in the tens of millions of dollars, and that this market could grow significantly upon the product meeting FDA standards.” For additional information on this news, please see Dragon Jade’s recent 6-K filing at https://www.sec.gov/Archives/edgar/data/1456787/000112785517000014/dragonjadeexh10_1.htm About Dragon Jade Dragon Jade International Limited and its subsidiaries (“the Group”) are focused on identifying, developing, and marketing the next generation of herbal and natural products that improve people’s lives. The Group is positioned to leverage proven resources that allow us to assess, enhance, and realize the commercial potential of herbal and biotechnological discoveries. The Group strives to develop and offer to the market the broadest selection of cost-effective healthy living products, which shall deliver substantial returns to investors. For more information on Dragon Jade, visit the Company’s website: www.dgjigroup.com. Safe Harbor Statement This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as the Company “believes,” “expects,” “anticipates,” “foresees,” “estimates,” or other words or phrases of similar import. Similarly, statements herein that describe the Company’s business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Contacts: William Fung Dragon Jade International williamfung@dgjigroup.com (852) 3588-1780 Rick Eisenberg Asia IR-PR Rick@asia-irpr.com...