Connect with us

News

International polling begins: What are the most pressing migration issues for data science?

gbafNews28

CAIRO, Jan. 20, 2020 — The Governance Lab at New York University Tandon School of Engineering and its partners released the most pressing questions on migration that could be answered leveraging data and data science and asked the public to prioritize the order in which resources should be applied.

The questions were curated through an innovative process of sourcing “bilinguals” – individuals who have both subject matter and data expertise. The list is the first batch of questions within The GovLab’s 100 Questions Initiative — an effort to identify the most important societal questions that can be answered by data. Other domains include gender, air quality, disinformation, and the future of work.

Together with partner organizations International Organisation on Migration (IOM) and the European Commission’s Joint Data Research Centre, The GovLab Co-Founder and Chief Research and Development Officer Stefaan Verhulst unveiled the questions Sunday, January 19, at the Second International Forum on Migration Statistics, an international conference in Cairo. The top questions cover a wide range of topics, including migrant well-being, enforcement and security, and the vulnerabilities of displaced people.

“For data innovation to contribute to solving our challenges, we first need to have clear questions,” said Marzia Rango, research and data officer at IOM’s Global Migration Data Analysis Centre. “Through this work, we now have a greater understanding of where to collectively focus, from a data perspective.”

“This work ensures we have a list of credible, validated, and compelling prompts to address through data science,” said Michele Vespe, project manager at the European Commission’s Joint Research Centre.

Verhulst echoed these remarks: “Asking the right questions is essential to getting the most out of our datasets. It helps us understand what problems to focus our limited resources on.”

The release coincides with the launch of a public voting campaign to prioritize the top questions. Through the initiative’s new online platform, anyone with an internet connection can now vote on what they consider to be the most pressing questions about migration that could be answered with increased access to data or through the use of data science.

In addition to identifying key questions, The 100 Questions Initiative will also help create new data collaboratives. Data collaboratives are an emerging form of public-private partnership that help unlock the public-interest value of previously siloed data. The GovLab has conducted significant research on the value of data collaboration, identifying that inter-sectoral collaboration can both increase access to information (for example, the vast stores of data held by private companies) as well as unleash the potential of that information to serve the public good.

The 100 Questions Initiative was made possible with support from Schmidt Futures, Data2X, and the Bertelsmann Foundation. It is supported by a global advisory board comprising data science and subject matter experts from the public, corporate, and non-profit sectors. Members include Ciro Cattuto, scientific director of ISI Foundation; Gabriella Gómez-Mont, founder and former director at Laboratorio Para La Ciudad; Molly Jackman, strategy and research leader at Netflix; Vivienne Ming, founder of Socos Labs; Wilfred Ndifon, director of research at AIMS Global Network; Denice Ross, fellow at Georgetown University’s Beeck Center for Social Impact and Innovation; and Matthew Salganik, professor of sociology at Princeton University.

“Migration is a research field that overlaps a lot with highly contested debates in the public sphere,” said one of the bilinguals involved in the project, Ettore Recchi, a professor of sociology at Sciences Po and part-time professor at the Migration Policy Centre of the European University Institute. “Such debates are in desperate need of evidence coming from solid, value-free, impartial studies. In turn, migration research is a vast field of unsystematic data collection that serves the public interest only limitedly. The 100 Questions Initiative has the potential to streamline migration studies, helping them address the really focal issues, systematize their findings, and thus bridge the gap between research, public opinion, and policies.”

About The Governance Lab at the NYU Tandon School of Engineering

The Governance Lab’s mission is to improve people’s lives by changing the way we govern. Our goal at The GovLab is to strengthen the ability of institutions — including but not limited to governments—and people to work more openly, collaboratively, effectively, and legitimately to make better decisions and solve public problems. We believe that increased availability and use of data, new ways to leverage the capacity, intelligence, and expertise of people in the problem-solving process, combined with new advances in technology and science, can transform governance. We approach each challenge and opportunity in an interdisciplinary, collaborative way, irrespective of the problem, sector, geography, and level of government. For more information, visit thegovlab.org.

 

About the New York University Tandon School of Engineering

The NYU Tandon School of Engineering dates to 1854, the founding date for both the New York University School of Civil Engineering and Architecture and the Brooklyn Collegiate and Polytechnic Institute (widely known as Brooklyn Poly). A January 2014 merger created a comprehensive school of education and research in engineering and applied sciences, rooted in a tradition of invention and entrepreneurship and dedicated to furthering technology in service to society. In addition to its main location in Brooklyn, NYU Tandon collaborates with other schools within NYU, one of the country’s foremost private research universities, and is closely connected to engineering programs at NYU Abu Dhabi and NYU Shanghai. It operates Future Labs focused on start-up businesses in Brooklyn and an award-winning online graduate program. For more information, visit engineering.nyu.edu.

 

 

###

Kathleen Hamilton  New York University Tandon School of Engineering  347.843.9782  [email protected]  

News

China’s largest pet-focused platform Boqii launches IPO in the US

gbafNews28

SHENZHEN, China, Sept. 26, 2020 /PRNewswire/ — China’s largest pet-focused platform Boqii Holding Limited (BQ.US) launched an initial public offering (IPO) in the US on September 23, 2020. With the IPO, Boqii plans to offer 7 million American depositary shares (ADSs) (each representing 0.75 of the company’s Class A ordinary share) for USD $10$12 each.

Boqii will become the first US-listed company in the Chinese pet industry. According to data from US-based business consulting firm Frost & Sullivan, Boqii is the largest pet-focused platform in China in terms of revenue and number of customers, the largest pet-focused online community in the country in terms of registered users, and the largest pet-focused online retailer in the country in terms of gross merchandise value (GMV).

Boqii has been favored by a number of renowned investors worldwide thanks to its deep penetration in the pet industry. In particular, Goldman Sachs and CMB International have invested in Boqii prior to its public listing in the domestic market. Notably, Goldman Sachs participated in Boqii’s A, B and C rounds of financing. These investments demonstrate the investors’ strong confidence in the long-term growth of the pet-focused platform.

1. Consistent Spending and Resilient Performance During Economic Downturns

As China has gone through comprehensive consumption upgrading in recent years, the consumption demand of pet owners has gradually grown to a higher level from one that focused merely on pet good. Pet owners are willing to trade up to high-quality pet goods to enhance the well-being of their pets. High-speed consumption growth is occurring in upper-income brackets, among the younger generation. With pet owners’ increasing spending on pet, China’s pet market is likely to continue to develop in foreseeable future.

According to the Frost & Sullivan data, the Chinese pet market increased from RMB 70.7 billion (approx. US$10.3 billion) in 2014 to RMB 204.9 billion (approx. US$29.9 billion) in 2019. The market is expected to further grow to RMB 449.5 billion (approx. US$65.6 billion) by 2024 based on an annual compound growth rate estimated at 17.0%.

According to Boqii’s F-1, the pet-ownership penetration rate (percentage of pet-owning households out of all households) in China was 22.8% during 2019, compared to 68.9% in the United States, 45.0% in the United Kingdom and 26.8% in Japan. The rate in China is expected to reach 29.9% by 2024.

2. Leading pet-focused platform in China riding on market tailwind  

Boqii was established in Shanghai in 2008 as a community designed to provide a vertically integrated social platform for pet owners and lovers where they could share their experiences with their pets and learn how to better raise and care for them.

In 2014, Boqii launched its mobile app, Boqii Pet, the largest pet-focused online community in China in terms of registered users in 2019 and average MAUs according to Frost & Sullivan, which covers all major aspects of pets’ life and offers pet products, services and content.

Currently, Boqii has 23 million registered users, including 3.5 million monthly active users. Boqii community has partnered with more than 860 key opinion leaders (KOLs) and boasted 334 million user interactions per month on average for the three months from April to June 2020.

In 2008, Boqii established an e-commerce platform, Boqii Mall. Boqii is redefining e-commerce for pet parents by providing an accessible, personalized and enjoyable shopping experience based on a deep understanding of our users and customers and their pets by leveraging extensive user interactions and transactional behaviors we have observed over the years. As of June 30, 2020, the company had built partnerships with over 570 brands while the number of available Stock Keeping Units (SKUs) has climbed to over 17,000.

In addition, Boqii launched its own brand Yoken (with around 1,300 SKUs) in 2015 and its premium brand Mocare in 2018 with compelling quality and prices. As of June 30, 2020, the company was offering customers access to 2,130 SKUs sold under its private brands, accounting for 11.9% of the total SKUs.

In 2015, Boqii expanded its offline sales channels and develop business with physical pet stores, and introduced our proprietary SaaS solutions which help offline pet stores digitalize, streamline and optimize supply chain management and in-store operations. By investing in PetDog, China’s largest the largest pet store franchise and the largest training center for pet service professionals, Qingdao Shuangan Bio-technology Co., Ltd, a a leading pet food manufacturer in China, as well as several companies that are mainly engaged in the R&D and manufacturing of pharmaceuticals. Boqii has built a pet-focused platform covering the entire industry chain, including pharma R&D and manufacturing, animal breeding, private label, pet store franchise and  training center for pet service professional.

Boqii has cooperated with over 15,000 physical pet stores and pet hospitals over 250 cities in China as of June 30, 2020, and helps brand partners significantly expand their reach in a cost-effective and coordinated manner, bringing a comprehensive catalog to pet parents across China.

Boqii disrupts the traditional pet retail and services in China by fostering an ecosystem that connects and empowers various participants along the entire pet value chain, including brands, manufacturers, physical pet stores and pet hospitals. Boqii empowers them with valuable data insights into user demands, effective content-driven marketing, comprehensive inventory management and supply chain capabilities, and reliable nationwide logistics network.

3. Disruptive Business Model Empowering the Entire Pet Value Chain

Boqii has posted steady growth in both income and GMV. The company’s total net revenue reached RMB 804 million (approx. US$117.3 million) for the fiscal year ended March 31, 2019 and 770 million yuan (approx. US$109 million) for the fiscal year ended March 31, 2020. In the first quarter of the fiscal year 2021 (from April to June 2020), net revenue was RMB 238 million (approx. US$33.7 million), an increase of 26.2% compared with RMB 189 million(approx. US$27.6 million) in the same period of the prior fiscal year. In the Q1 of the fiscal year 2021, GMV also increased 56% year on year to RMB 554 million (approx. US$80.8 million).

For the fiscal year 2020, Boqii’s EBITDA stood at RMB -113 million (approx. –US$16 million), with a margin of 14.7%, an improvement compared to that recorded for fiscal year 2019. During the Q1 of fiscal 2021 (from April to June 2020), the company’s EBITDA was -35.43 million yuan (approx. –US$5.1 million) with the margin reduced to 14.9% from 18.6% for the same period of the prior fiscal year, reflecting the company’s continuous efforts in strategic investments. The continued improvement in the EBITDA margin demonstrates the success of the business model of the pet-focused platform.

Looking forward, Boqii plans to continue investing in growing content, improving user experiences, and enriching a pet-focused ecosystem. Optimizing product mix and continuing to introduce more brands to onmi channels to strengthen and diversify product offerings catering to customers’ demands and drive profitability. Boqii will continue to attract more users to subscribe for membership program and deepen their engagement. Furthermore, they will also continue to identify and pursue M&A and strategic transactions along the pet industry value chain, with a goal to diversify product and service offerings, enhance ecosystem, and drive long-term development of the entire pet industry in China.

With the IPO, Boqii is the largest company propelling the revolution for the pet industry to deliver compelling value propositions to their users and customers, their pets, small and medium pet businesses, and business partners.

Continue Reading

News

Fosun RZ Capital Identifies IoT as the Major Key to an “Intelligent World”

gbafNews28

BEIJING, Sept. 26, 2020 /PRNewswire/ — The IoT is the third technological revolution after computers and the Internet, connecting all surroundings in a shared environment to accomplish anthropomorphic perception and exchange of information. Cisco predicts that 50 billion IoT devices will be put into use by 2020, signaling the arrival of a fully intelligent era. By investing in RoboSense, a LiDAR solution provider with a foothold in IoT, and Yunding, an intelligent home platform using IoT technologies, Fosun RZ Capital helps industries become more digitalized faster pace to create a more accurate IoT.

Fosun Rz Capital
Fosun Rz Capital

"The Chinese IoT market is expected to witness significant growth with the CAGR of approximately 22.7% during the forecast period", according to the China IoT Market 2019-2025.(1) China made the "development of the Internet of Vehicles" a priority in 2017. Such action boosted the continuous innovation and improvement of AI and intelligent technology projects, one of which is auto-driving cars. LiDAR nowadays has become an indispensable sensor on most RoboTaxis, a leading product of auto-driving cars. RoboSense, invested by Fosun RZ Capital, seized the opportunity of the fast development of LiDAR, provides its LiDAR solutions for autonomous driving to many of the world’s leading enterprises. On September 17, RoboSense worked with Alibaba, a global leader in information system technology, and helped its DAMO Academy launch its first driverless terminal product, "Xiaomanlv,"(2)(3) creating a new wave in the logistics robot market. In addition to facilitating large-scale commercial use for last-mile delivery and commercial scenarios, RoboSense will seize every opportunity to upgrade its technologies so that robots and AI can be put into more practical use.

Nowadays, the IoT has long become an essential indicator of a country’s innovation capacity and industrial competitiveness. The explosive development of AI, 5G, IoT, along with the falling costs of core component accelerated the penetration of IoT. From keys to fingerprints, the changing forms of door lock signify the arrival of "intelligent life." Yunding has been carrying out technology innovation to offer the industry the most comprehensive intelligent lock detection solution. With the demand for rental apartments soaring, smart door locks have also become a necessity. Experiments prove that the "little black box," which is said to be able to unlock many electronic locks, cannot break Yunding’s locks, even with a high level of electromagnetic pulse attack for 3 seconds, proving Loock locks are convenient and safe. As for apartment operation, intelligent technologies can reduce people’s pressure on management while lowering operating costs. So far, Yunding has supplied products to more than 500 apartments, including over 80% of the top 100 apartment brands. Yunding also owns a 60% share in the intelligent lock market. Recently, Yunding has joined hands with industry leaders, including Xiaomi Security, Alibaba Cloud, Goodix, Silicon Labs, and Future Technology, to build an intelligent lock security laboratory to achieve information exchange among different brands. And to better serve the 8.5 million Yunding users. (4)

Fosun RZ Capital is vigorously exploring the IoT to create an innovative ecology for the technology industry. Research has shown that, by 2020, the digital world will capture 44 trillion gigabytes of data from the surroundings. In this contemporary digital world, innovative technologies provide data support and numerous interconnected devices for the IoT, changing people’s lifestyles in all aspects. Fosun RZ Capital will continue to focus on technology investments to boost IoT development and collaborate with brilliant companies worldwide to empower and share growth.

Reference:

(1) "Chinese IoT Market Outlook Report 2019-2025 – ResearchAndMarkets.com." Yahoo! News, Yahoo!, 25 May 2020, news.yahoo.com/chinese-iot-market-outlook-report-130700402.html.  

(2)  Daily, National Business. [email protected] Launched Its First Robot Which Is Fittingly Named ‘Little Donkey’ as It Is Aimed for Logistic Purpose.The Robot Is Backed by AI and Autonomous Driving Technologies from Alibaba’s DAMO Academy, and Will Be First Adopted in Alibaba’s Cainiao Delivery Network. Pic.twitter.com/yHhw4D0GL4. Twitter, Twitter, 17 Sept. 2020, twitter.com/NBDPress/status/1306471868627517440.

(3) Tech, SCMP. "Alibaba Launches Logistics Robot for Last-Mile Deliveries to Lower Costs and as Pandemic Pushes Automation Https://T.co/itv4tchrOM." Twitter, Twitter, 17 Sept. 2020, twitter.com/SCMPTech/status/1306567843920719873. 

(4) "Yunding Technologies." Yunding, yunding.cn/. 

 

Continue Reading

News

Association of Independent Mortgage Experts Partners with United Wholesale Mortgage and Home Point Financial to Introduce Small Business Grant Program for Minority and Woman Owned Independent Mortgage Brokerages

gbafNews28

The Association of Independent Mortgage Experts (AIME) announces Spark, a grant program designed to provide opportunities for entrepreneurs in the wholesale mortgage industry. Spark will launch with initial funding of $2 million and feature two separate business grant programs “ one for minorities and one for women with the specific goal to expand diversity, equity, and inclusion in the wholesale mortgage channel.

Spark will award grant amounts up to $50,000 to be used towards businesses expenses associated with opening a brokerage. The recipients will receive access to AIME resources and trainings along with mentorship from fellow broker owners in the AIME community to develop as successful business owners in the mortgage industry. The grant program will open applications on December 1, 2020, and collect eligible applications through January 31, 2021. Applicants will be required to fill out the eligibility questionnaire to identify details including the years of experience they have in the mortgage industry, geographic location of their future brokerage, and a business plan outlining their business goals.

AIME was founded with the core mission to grow the broker channel. This grant will be one of the cornerstones of that commitment to ultimately serve populations that are underrepresented in the mortgage industry and provide borrowers with more local, dedicated mortgage experts, said Katie Sweeney, Executive Vice President of Strategy at AIME. Spark is a part of AIMEs dedication to growing and educating mortgage professionals throughout their careers while providing borrowers with more local, dedicated mortgage experts.

Initial funding for the Spark grant programs will come from United Wholesale Mortgage and Home Points community foundation, which both committed $1 million each to expand opportunities for independent mortgage brokers and are dedicated to diversity and inclusion in the wholesale mortgage industry.

UWM is committed to the growth of the wholesale broker channel and providing the support brokers need to build their businesses said Mat Ishbia, President and CEO of United Wholesale Mortgage. Through Spark, AIME is giving a diverse group of professionals the motivation to make the leap to become an entrepreneur to make homeownership a reality for consumers in their local community.

Home Point Financial is proud to have Spark be the first recipient of $1 million dollars from our newly formed philanthropic community foundation. said Phil Shoemaker, President of Originations at Home Point Financial. We are passionate about expanding opportunities for people from all walks of life interested in participating in the mortgage industry, and confident in AIMEs ability to grow and diversify the broker channel through unique initiatives like Spark.

According to U.S. Census data, homeownership grew 3.8% from the previous year, which is unprecedented growth compared to previous years with flat or negative increases. Through more diverse representation in the channel, brokers are positioned to provide borrowers the best options for their home purchases.

About Association of Independent Mortgage Experts

The Association of Independent Mortgage Experts (AIME) is a non-profit, national trade membership association created exclusively for independent mortgage brokers. With over 40,000 members, AIME is committed to fostering an inclusive environment to support and protect independent mortgage brokers across the country to grow the wholesale mortgage channel. AIMEs vision is to contribute to the overall growth of broker market share to above 25% in 2020 and beyond.

For additional information regarding the benefits associated with an AIME membership visit www.AIMEGroup.com.

Kara Lester

[email protected]

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
gbafNews28 gbafNews28
News1 hour ago

Fosun RZ Capital Identifies IoT as the Major Key to an “Intelligent World”

BEIJING, Sept. 26, 2020 /PRNewswire/ — The IoT is the third technological revolution after computers and the Internet, connecting all...

gbafNews28 gbafNews28
News1 hour ago

China’s largest pet-focused platform Boqii launches IPO in the US

SHENZHEN, China, Sept. 26, 2020 /PRNewswire/ — China’s largest pet-focused platform Boqii Holding Limited (BQ.US) launched an initial public offering...

gbafNews28 gbafNews28
News2 hours ago

Association of Independent Mortgage Experts Partners with United Wholesale Mortgage and Home Point Financial to Introduce Small Business Grant Program for Minority and Woman Owned Independent Mortgage Brokerages

The Association of Independent Mortgage Experts (AIME) announces Spark, a grant program designed to provide opportunities for entrepreneurs in the...

gbafNews28 gbafNews28
News2 hours ago

AT&T Declares Quarterly Dividend on Common Shares

The board of directors of AT&T Inc. (NYSE: T) today declared a quarterly dividend of $0.52 a share on the...

gbafNews28 gbafNews28
News2 hours ago

AT&T Declares Quarterly Dividend on Preferred Shares

The board of directors of AT&T Inc. (NYSE: T) today declared quarterly dividends on the companys 5.000% Perpetual Preferred Stock,...

gbafNews28 gbafNews28
News3 hours ago

INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Huazhu Group Limited (HTHT) on Behalf of Investors

Law Offices of Howard G. Smith continues its investigation on behalf of Huazhu Group Limited (Huazhu or the Company) (NASDAQ:...

gbafNews28 gbafNews28
News3 hours ago

Generis Group Named to The Globe and Mail’s 2020 Ranking of Canada’s Top Growing Companies

Generis Group, a market-leader in business-to-business events, is proud to announce it has been named one of Canada’s Top Growing...

gbafNews28 gbafNews28
News3 hours ago

COVID-19 Recovery Analysis: Cardiovascular Catheters Market | Improved MI And Robotic-assisted Surgeries to Boost the Market Growth | Technavio

Technavio has been monitoring the cardiovascular catheters market and it is poised to grow by USD 3.07 bn during 2020-2024,...

gbafNews28 gbafNews28
News3 hours ago

AM Best to Sponsor and Exhibit at the 2020 SIR Virtual Annual Conference

AM Best is a gold sponsor of the 2020 SIR Virtual Annual Conference, Oct. 1 and Oct. 20“22, 2020, and...

gbafNews28 gbafNews28
News3 hours ago

Feinstein Institutes reveals outcomes for COVID-19 Acute Kidney Injury hospitalized patients

Research from the Feinstein Institutes for Medical Research and Northwell Healths Division of Nephrology have previously reported that more than...