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Yadea Announces Marketing Partnership with ADAC SE, Europe's Largest Mobility Club

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MUNICH, Nov. 27, 2020 /PRNewswire/ — Yadea Technology Group Co., Ltd (“Yadea”, 01585.HK), China's leading e-moped brand, has today announced the launch of a marketing partnership with ADAC SE, Europe's largest mobility club headquartered in Munich, Germany. The partnership is together with the startup Rydies. The partnership will see Yadea's e-moped sold in Germany, and further accelerates the brand's global expansion strategy.

YADEA announced the launch of a marketing partnership with ADAC SE

Germany has continued to promote emission-free mobility with affordable e-bikes and e-mopeds, in order to reach its emissions reduction targets. Sales for the first half of this year in Germany's two-wheel vehicle market indicate that demand for electric bicycles and e-moped is set to reach a new high, with 1.1 million e-bikes sold between January and July 2020. E-moped (125 class) sales increased by amazing 59% until Aug. 2020 compared to the previous year.

Already the leader in China, Yadea is committed to becoming the world's leading manufacturer of electric two-wheel vehicles by continually investing in R&D, leading product innovations with advanced technology, integrating premium materials to improve vehicle quality, and championing a sustainable industry revolution.

With over 21 million members, ADAC is the world's second-largest automobile association. As part of the company's mission to electrify Germany, ADAC launched its e-Ride initiative: a cost-effective, flexible entry point into modern mobility. ADAC members can rent electric two-wheelers for a period of three to 12 months, which includes services such as insurance, repairs and a high-quality security lock. In addition, members enjoy discounts when purchasing e-bikes and e-mopeds. The partnership between Yadea and ADAC SE will see the Yadea G5 e-moped launched onto the ADAC e-Ride platform www.adac.e-ride-shop.de, where members can enjoy discounts on monthly subscriptions and of up to €1,200 on selected sales deals.

ADAC has always attached great importance to road safety, and its partnership with Yadea has reinforced the safety standards of the company's e-moped in line with leading global standards. Yadea has always placed the highest emphasis on the design, research and development of its vehicle safety systems, and uses military-grade standards in the design and conceptualization of its products.

Beyond safety, Yadea boasts five major technology R&D centers and has obtained 763 patents, including 36 patents for inventions. The brand is an industry leader in power systems, energy systems, intelligent systems and human-centric technologies, and was the industry's first to incorporate graphene battery technology into its products. YADEA has also built a complete global supply chain system; established partnerships with 16 leading global suppliers including Panasonic, Bayer and Berger; and built seven production bases around the world. Yadea's products are exported to over 88 countries, and the company boasts over 36 million users worldwide.

For more information, please visit:
Facebook: YADEAIG/YADEA_global
Twitter: YADEA

About Yadea

23 years ago, Yadea planted a green dream to preserve the environment of the planet we live on. Yadea's vision is to revolutionize the transportation industry with a new generation of emissions-free travel products.

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SOURCE Yadea

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Dominica Prioritises Strengthening Healthcare Infrastructure with Citizenship-by-Investment Funds

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LONDON, Jan. 28, 2021 /PRNewswire/ — The Commonwealth of Dominica is building twelve new health centres as part of a broader mission to strengthen its healthcare infrastructure and provide citizens with higher quality services. Construction on the Bagatelle Health Centre is the latest to be nearing completion after the government invested $2 million into the project utilising funds from its Citizenship by Investment (CBI) Programme.

Aside from commissioning several new health centres, Dominica is also in the process of constructing a state-of-the-art hospital, scheduled to be completed in April 2021, also funded by the CBI Programme. The Programme previously sponsored the repair of several hospitals and health facilities following a hurricane in 2017 and supported the overseas medical treatment of 16 children.

Prime Minister Dr the Hon. Roosevelt Skerrit highlighted this commitment to grow the island's healthcare offering: “This can also be translated into better care for our citizens and residents. There will be no complaints about the quality of services or the quality of equipment. I am happy about this investment here, and we will have a series of openings for such facilities in Dominica in just a few weeks.”

With the COVID-19 pandemic reiterating the importance of having a robust health care system in place, Dominica remains one of the least impacted by the virus. A recent report from 4,000 scientists ranked the island as one of the few in the “green zone”, meaning Dominica is tackling the virus well and has recorded no local transmissions for over 14 days.

Established in 1993, Dominica's CBI Programme has been fundamental to the future of the island's healthcare services. The Programme enables foreign investors and their families to become citizens of the nation once investing in either a government fund or buying into selected real estate options. Once all due diligence checks are passed, successful applicants gain visa-free access to over 140 destinations, the right to live and work in the country and the ability to pass down citizenship down for generations to come.

Investments generated under the Programme are injected into important sectors in Dominica, from healthcare and education to tourism and infrastructure development. The Programme also supports the construction of over 5,000 climate-resilient homes for citizens impacted by Hurricane Maria. Dominica is a progressive and safe country for investors who choose to reside there with a burgeoning healthcare system that is anticipated to be one of the strongest in the Caribbean.

[email protected], www.csglobalpartners.com

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Golden Gate Ventures Promotes Jeffrey Chua to Principal

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SINGAPORE, Jan. 28, 2021 /PRNewswire-PRWeb/ — Golden Gate Ventures, the Southeast Asian early-stage fund that invested in companies such as Carousell, Homage, RedMart, and HipVan, is pleased to announce the promotion of Jeffrey Chua from Senior Associate to Principal. Jeffrey, or 'JC' as his colleagues refer to him, spent almost two years in a Senior Associate role, and is one of Golden Gate Ventures' longest-serving team members, having joined as an intern in 2015 shortly before the close of its second fund.

JC is responsible for sourcing some of Golden Gate Ventures' most exciting early-stage deals, such as BukuWarung and Rukita, and structuring Golden Gate Ventures' GoPlay investment. In his 5 years with the firm, he's been involved in a number of critically important initiatives, including supporting the GO-JEK acquisition of Mapan. He is a master at financial modeling and has trained countless interns on the boundless mysteries of Excel.

For those of you that know him, JC is a tireless, diligent investor that gets tremendous joy rooting out the smallest bit of industry gossip from his friends and colleagues, especially if it means sourcing competitive deals before any else. He's well-respected by his colleagues, co-investors, and most importantly, entrepreneurs. He's built a great reputation as someone that is honest, trustworthy, and pro-entrepreneur. He holds a number of honors, including winning Slush's “Reverse Pitch” competition, where VCs pitch to entrepreneurs.

JC has a sartorial reputation amongst his colleagues; often showing up to work outrageously over-dressed, with a McDonald's bag in tow. He's been known to pull a prank, or two, around the office, and his passionate love for karaoke is infamous. JC graduated from New York's Pace University in 2011 and has had the same hair-style since 2004.

ABOUT GOLDEN GATE VENTURES
Golden Gate Ventures is a VC fund in Southeast Asia (SEA) founded by Silicon Valley natives. Since 2011, Golden Gate Ventures has launched four funds and invested in 50+ companies. The firm focuses on investing in the rising consumer internet class in Southeast Asia. Breakout companies include Carousell (mobile classifieds), Appota (Vietnam mobile publishing platform), Alodokter (HealthTech), Carro (Auto Marketplace), and Xendit (Payment Processing).

Media Contact

Winnie Wang, Golden Gate Ventures, +65 92965779, [email protected]

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SOURCE Golden Gate Ventures

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Three-dimensional transport system connects Xiamen with the world

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XIAMEN, China, Jan. 27, 2021 /PRNewswire/ — A news report from China Daily:

An aerial view of Xiamen Port in East China’s Fujian province. [Photo provided to China Daily]

The container throughput of Xiamen Port in East China's Fujian province was 11.41 million twenty-foot equivalent units in 2020, up 2.54 percent year-on-year. Since last June, the monthly container throughput of the port has exceeded 1 million TEUs seven months in a row, a historical record, according to statistics from the city's port administration.

As a key port city of the 21st Century Maritime Silk Road and the Silk Road Economic Belt, Xiamen aims to develop a world-class port with an annual container throughput of 14 million TEUs by 2025 and become a special economic zone with a free trade port by 2035.

One of the world’s largest container vessels, MSC Isabella, berths at Xiamen Port on March 17, 2020. [Photo provided to China Daily]

A shipping hub

As the 14th largest port in the world, Xiamen Port offers 146 container shipping routes, including more than 100 foreign trade routes to 138 ports in 44 countries.

Silk Road Maritime, China's first Belt and Road international comprehensive logistics service platform focusing on shipping, was launched at Xiamen Port on Dec 24, 2018, enhancing economic and trade exchanges with countries around the world.

Xiamen currently offers 55 shipping routes named after the Silk Road Maritime, forming an alliance with nearly 170 well-known companies involved in ports, shipping, logistics, and trade worldwide.

From January to November 2020, 1,932 voyages were made on 51 of the routes, carrying 1.86 million TEUs, up 1.06 percent year-on-year.

The port also cooperated with Israel-based ZIM Integrated Shipping to introduce the first “e-commerce express” cargo route in September 2020, with five vessels in service. The ships stop in Xiamen every week and head directly to the Port of Los Angeles in the United States, which takes 15 days, making it a highly-effective and low-cost logistical route.

“The business environment at Xiamen Port is among the best in China. Its high-quality services are capable of ensuring the stable operation of the e-commerce route, which creates a highly-efficient link between vendors and buyers in Fujian and across the world,” said Li Xiaobing, president of the South China branch of ZIM at an e-commerce meeting on Jan 5.

Xiamen Customs officers examine imported fruit. [Photo provided to China Daily]

Sea-land-air transportation system

Building Xiamen into an international shipping center requires an integrated port-railway transportation system, said Yin Li, secretary of the CPC Fujian Provincial Committee, during a recent interview with Xinhua.

In 2015, the first China-Europe train departed from the Fujian Pilot Free Trade Zone in Xiamen via Chengdu. At present, Xiamen offers freight train routes to Central Europe, Central Asia, and Russia, reaching more than 30 cities in 12 countries, including Poznan, Poland; Budapest, Hungary; Hamburg, Germany; Moscow, Russia; and Almaty and Tashkent in Central Asia.

A total of 273 trains left Xiamen in 2020 carrying 24,112 TEUs of cargo weighing 142,400 tons and valued at $962 million. All of these numbers are record highs, with year-on-year growth rates of 17, 36, 59, and 40 percent, respectively.

Meanwhile, the sea-railway combined transportation service is also performing well. Last August, the Philippines followed South Korea, Vietnam, and China's Taiwan region to become the fourth place to have its cargo delivered to Xiamen by sea and transported to Europe by rail.

Officials of Xiamen Customs said that the China-Europe freight service in Xiamen has become a vital logistics channel for ensuring Sino-European trade exchange and cooperation amid the COVID-19 pandemic.

Since the beginning of 2020, the trains have carried masks, protective clothing, medical equipment, shoes, hats, clothing, and other urgently needed supplies to countries and regions involved in the Belt and Road Initiative.

Xiamen has also opened new flights to build a three-dimensional transport network encompassing sea, land, and air.

By September 2020, there were 35 international air lines from Xiamen, including 21 to countries and regions involved in the Belt and Road Initiative. They form a network covering Asia, Europe, North America, and Australia.

Statistics from the Xiamen Transportation Bureau show that Xiamen's throughput of international transit passengers ranked fifth in the Chinese mainland, making it a major international transit hub.

The new international airport is currently under construction in Xiang'an district. The first phase is expected to be completed before 2023. It will become one of the largest terminals in China, capable of handling more than 45 million passengers annually.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/three-dimensional-transport-system-connects-xiamen-with-the-world-301216818.html

SOURCE China Daily

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