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CIM Group Completes Gallery Tower — First New Hotel Constructed in Downtown Las Vegas in More Than 10 Years Adding 495 Rooms to Downtown Grand Hotel & Casino

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CIM Group announced today the completion of Gallery Tower, an eight-story hotel tower that adds 495 contemporary guest rooms to Downtown Grand Hotel & Casino. Gallery Tower is the first new ground-up hotel constructed in more than 10 years in Downtown Las Vegas and is set to debut on September 22, offering Downtown Grand Hotels guests a total of 1,124 rooms in an assortment of room configurations including three new 1,500-square-foot penthouse suites. Downtown Grand Hotel & Casino spans two full city blocks between Casino Center Boulevard and North 4th Street, and East Ogden and East Stewart Avenues.

The 250,000-square-foot Gallery Tower features Downtown Grands industrial chic aesthetic and derives its name from the propertys art collection, featuring works by local and nationally recognized artists which are showcased throughout the property. The centerpiece of the collection is a one-of-a-kind interactive augmented reality in-room experience featured in select guestrooms. Gallery Tower expands the range of Downtown Grands comfortable, quality accommodations in the pedestrian-friendly downtown Las Vegas, an area that continues to evolve as a hub for business as well as entertainment. The new building rises above the reconfigured porte-cochere on the east side of the property creating a grand arrival area. Gallery Tower has direct access to, as well as rooms with views to, the Downtown Grands popular rooftop pool deck along with a direct connection into the hotels ground floor casino, dining and entertainment venues.

Drawing on its extensive development and operating expertise, CIM Group redeveloped and repositioned Downtown Grand Hotel & Casino to offer a boutique hotel experience when the hotel opened in 2013. CIM established Downtown Grand as a popular destination for locals and visitors with its variety of dining options, entertainment programming and a lively casino and gaming venue as well as Downtown Las Vegas first roof top pool deck, Citrus.

About CIM Group

CIM is a community-focused real estate and infrastructure owner, operator and lender. Since 1994, CIM has led more than $60 billion of projects in metropolitan communities across the Americas on behalf of its own account and for its partners and co-investors. CIMs broad in-house expertise includes decades of research, acquisition, credit analysis, development, finance, leasing and property management experience in real assets located in and serving densely populated communities, net-lease assets and other associated credit strategies. Using its disciplined approach and extensive in-house expertise, CIM seeks to create value in projects, which ultimately enhances communities. For more information, visit www.cimgroup.com.

Karen Diehl

Diehl Communications

(310) 741-9097

[email protected]

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Xinhua Silk Road: China’s Putian City unveils “Credit Shoe City” brand logo globally

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BEIJING, Oct. 20, 2020 /PRNewswire/ — Putian City, located in southeast China’s Fujian Province, recently released the "Credit Shoe City" brand logo globally.

Putian City, located in southeast China's Fujian Province, recently released the "Credit Shoe City" brand logo globally.
Putian City, located in southeast China’s Fujian Province, recently released the "Credit Shoe City" brand logo globally.

The logo, with green innovation, environmental protection and passion as its design concept, uses the background that Putian has been selected as the second batch of social credit system construction demonstration city and conveys visually the idea that Putian footwear products boast high quality, good design, diversity and fashion.

According to the designer, the logo, highly condensed with elements such as "Putian", "Shoe City" and "Credit," is concise, unique and recognizable.

As the traditional advantage in Putian, the footwear industry employs more than 200,000 people, involving more than 3,000 upstream and downstream companies. There are 20 footwear research and development institutions, with about 10,000 technical personnel. 

An official with Putian Footwear Association said that the footwear products made in Putian are good in quality and design and fashionable. The annual output value of the industry has exceeded 100 billion yuan by far.

In order to further strengthen the development of the footwear industry, the Putian Footwear Association will guide footwear companies to build an industrial credit system, make full use of new technological means including big data and cloud computing, rely on related APP platforms such as Credit China (Putian, Fujian), Putian Huiminbao to build a "credit shoe city." 

The APP platforms Credit China (Putian, Fujian) and Putian Huiminbao display the credit information of local shoe companies and accept complaints, reports, feedback and suggestions from consumers. The public can also view and retrieve the credit scores, corporate rankings, credit ratings of local shoe companies and download corporate credit reports as well.

Original link: https://en.imsilkroad.com/p/316911.html

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OneConnect Shares Fintech Insights with Chinese Banks and Fintech Companies

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HONG KONG, Oct. 20, 2020 /PRNewswire/ — OneConnect Financial Technology Co., Ltd. (OneConnect, NYSE: OCFT), a leading technology-as-a-service platform for financial institutions, shared its vision of innovation with the Fintech Association of Hong Kong of the Chinese Banking Association of Hong Kong at a recent video conference.

Carol Chen, CEO of OneConnect (Hong Kong), and Daniel Ling, General Manager, discussed the company’s technical solutions for popular banking fields, such as remote customer service solutions and customer due diligence with more than 100 executives and industry experts.

As of June 30, 2020, OneConnect, an associate company of the Ping An Group, had served all state-owned banks and joint-stock banks in China, 99% of commercial banks, and 53% of insurance companies.

Ms. Chen and Mr. Ling presented end-to-end fintech solutions for banks, securities, asset management companies and other fintech institutions in mainland China and Hong Kong. These include localized fintech technology services such as smart marketing, smart risk controls, smart operations and fintech centers.

They also covered solutions implemented at Ping An OneConnect Bank, OneConnect’s virtual banking subsidiary: the process for opening a bank account online, opening an online small and medium enterprises (SME) account and loan solutions, and cloud-based core banking, which improves sales, risk management and customer service quality.

Jessica Tan, Co-CEO of Ping An Group has said that Ping An will continue to increase its investments in technology to bolster its main businesses. "Particularly in terms of fintech, OneConnect will continue to develop and invest in innovative products," she said.

Ping An uses technology to empower its main financial businesses. In the first half of 2020, Ping An achieved artificial intelligence (AI)-driven product sales of RMB176.3 billion. Its online and technology-powered offline services across the Ping An Group supported 560 million online users.

OneConnect has branches in Hong Kong, Singapore, and Indonesia and provides services to major banks in Thailand, Indonesia, Malaysia and the Philippines. As of June 30, 2020, OneConnect had provided services to or signed cooperation agreements with more than 50 overseas institutions in more than 15 countries and regions.

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Farmmi Receives NASDAQ Minimum Bid Price Requirement Extension

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LISHUI, China, Oct. 20, 2020 /PRNewswire/ — Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced that on October 19, 2020, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through April 13, 2021. To regain compliance with NASDAQ’s minimum bid price requirement, the closing bid price of the Company’s ordinary shares needs to be at least $1.00 per share or greater for at least ten consecutive business days by April 13, 2021.

About Farmmi, Inc.

Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a leading agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and many other sought-after agricultural products. The Company’s Farmmi Liangpin Market serves as a trading platform for Chinese geographical indication agricultural products and is a large platform for consumers to access locally sourced agricultural products. For further information about the Company, please visit: http://ir.farmmi.com.cn/.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including the potential impact of COVID-19 on our business within and outside of China.  These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

Related Links :

http://www.farmmi88.com

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