The Economist Group Launches Its First Bilingual Chinese-English App The Economist Global Business Review

A new app that explores key global trends in business, finance and technology – always with a strong point of view

HONG KONG, April 8, 2015 /PRNewswire/ — The Economist Group today officially launched a new digital app The Economist Global Business Review, focused on delivering insightful analysis on global trends in business, finance and technology. As the first in a planned series of local-language offerings, the bilingual Chinese-English app allows The Economist Group to reach a new set of global business leaders in markets like mainland China, Hong Kong, Taiwan, Malaysia and Singapore. The Economist Global Business Review is the first bilingual product featuring Economist content to be offered in the 171-year history of the weekly publication.  Recognising that today’s most influential business leaders span the globe, The Economist Global Business Review removes barriers to bring its spirit of independent reporting and sharp perspective to a wider audience, initially in Chinese, and expanding to other languages in future.

The Economist Global Business Review

The Economist Global Business Review

Curated by the editors at The Economist Group, The Economist Global Business Review features a selection of the best business, finance and technology stories from the weekly newspaper, which have been translated to the highest degree to maintain the stylistic nuances of the original text. Ten (10) articles are published initially at the start of the month; thereafter, a daily article is published each weekday for a total of 30 articles each month.

The bilingual app works in either English-Simplified-Chinese or English-Traditional Chinese and is available for iOS and Android smartphones and tablets. “Chinese was a natural first language for us to choose when launching this new bilingual product, given the increasing global reach of China’s companies and its diaspora,” said Tom Standage, Deputy Editor of The Economist.  “For many years we wrote off the idea of foreign-language editions as too expensive and impractical. However, the rise of digital technology changes the game. We can now deliver content quickly and without the cost constraints of print publishing.”

Tim Pinnegar, Publisher and Managing Director of The Economist Group Asia-Pacific said:  “Offering our unique content in local language opens up an entirely new market to us that was not possible to tap into before.  Our growth strategy over the next five years is exactly focused on attracting new audiences and capitalising on innovations in product and service offerings.”

Keeping in line with the minimalistic design aesthetics of The Economist, the app’s simple and intuitive interface allows for easy toggling between languages.  The app also features a powerful cache (the articles can be archived for up to 12 months) to facilitate offline reading.

The Economist Global Business Review is made available for free in April and May, courtesy of launch sponsor Hyundai.  Wonhong Cho, CMO of Hyundai Motor Company says, “We are glad to sponsor the launch of this new bilingual app from The Economist Group, and hope the app inspires new thinking and new possibilities within the Chinese business communities worldwide.” 

During this time, readers can download the app and experience the simple interface and compelling content completely free of charge. The app is available on the Apple App Store, Google Play, and a number of independent Android stores worldwide.  For more information, visit our website

About The Economist Group

Headquartered in London, The Economist Group is the leading source of analysis on international business and world affairs.  Its publications and services include The Economist, the Economist Intelligence Unit (EIU), Intelligent Life and CQ Roll Call.  The Group delivers its information through a range of formats, from newspapers and magazines to conferences and electronic services.  Across all its products and services, the Group is known for its objectivity of opinion, originality of insight and rigorous analysis of key issues.

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PR Newswire and WardrobeTrendsFashion Teams On Multi-Year Partnership

SINGAPORE, April 7, 2015 /PRNewswire/ — Global provider of news release distribution and multimedia platforms, PR Newswire, and Asia’s high fashion and luxury online portal, WardrobeTrendsFashion, announces their newly forged, strategic multi-year partnership today. The partnership allows WardrobeTrendsFashion, also known as WTF, to offer to their audience fresh and constantly updated news headlines and rich media content from a trusted news source; and innovative ways to promote and market themselves.

“We’re thrilled to partner with such a reputable communications company,” said Herbert Rafael Sim, Founder and Managing Director of WardrobeTrendsFashion, “Working together with PR Newswire, we’re able to provide the exceptional readers’ experience that every media publication seeks and that WardrobeTrendsFashion delivers.”

Helen Zhang, Senior Audience Development Manager at PR Newswire said: “We are equally excited to work with WardrobeTrendsFashion. This collaboration further enhances our reach in Asia high fashion sector, and helps our global clients in luxury goods to reach Asia shoppers who are increasingly more important especially. And we are looking forward to further collaborate with WardrobeTrendsFashion in the near future in other areas to help our clients to achieve better visibility in the region.”

About PR Newswire
PR Newswire ( is the premier global provider of news release distribution and multimedia platforms that enable marketers, corporate communicators, public relations officers and investor relations professionals to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry in 1954, PR Newswire today provides end-to-end solutions to produce, distribute, target and measure text and multimedia content across traditional, digital, mobile and social channels. Combining the world’s largest multi-channel content distribution and optimization network with comprehensive workflow tools and platforms, we enable the world’s enterprises to tell their stories to the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a UBM plc company.

About WardrobeTrendsFashion
WardrobeTrendsFashion, also known as WTF, is a high fashion and luxury online portal, featuring fashion lookbooks, campaigns and runway collections; luxury news in the different industries – automobile, aerospace, nautical, dining, watches, jewelry, technology; celebrity news, interviews; as well as charity – activities, events, campaigns by NGOs and Non-profit organizations. WTF strives towards being one of the world largest repository of fashion labels’ campaigns and lookbooks from across the globe.

WTF readers are international and are mostly from the upper echelons of the business world, C-level executives, experts and personnel from the fashion industry, film industry, and more. WTF is accessible via domain urls, and

Media contacts:
Media Rep

PR Newswire
Asia Marketing team

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Singapore Media Festival Returns in 2015 After Successful Inaugural Year

SINGAPORE, April 2, 2015 /PRNewswire/ — The second edition of the Singapore Media Festival (SMF) returns this November, said Singapore’s Media Development Authority (MDA) today. This year, the annual SMF will run from 26 November to 6 December, bringing together a seamless market for film, TV, conferences, awards and festival screenings.

Global industry players looking to expand their media business in Asia can expect a more vibrant marketplace and a bigger celebration of the best content and media talent in the region. The festival will see the return of established media events including the Singapore International Film Festival (SGIFF); Asia TV Forum & Market (ATF) and ScreenSingapore (SS); and the Asian Television Awards.

In 2014, the inaugural SMF concluded to resounding response, bearing testament to Asia’s growing importance in the global entertainment landscape. The Festival was fruitful in many ways for event partners and the public. SGIFF made a strong comeback to the regional film circuit, unveiling 147 movies from 50 countries supported by strong ticket sales. SGIFF’s competition section, the Silver Screen Awards, gave a total of nine prizes for emerging filmmakers in Asian Feature Films and Southeast Asian Short Films.

Deals between Singapore players with regional, international media players were announced at SMF, including the launch of a S$130 million (US$100 million) media fund for investments in China’s media and entertainment industry. A record number of attendees and exhibitors and approximately S$355.1 million (US$256.28 million) in sales deals were also registered at the ATF/SS.

The SMF also saw new deals formed between established international media players. A strategic cooperation between China’s online video platform, Tencent, with FOX International Channels saw both partners embark on an endeavour to make over 300 hours of programming and documentaries from National Geographic available to the mainland China market.

Asian Television Awards, which awards the best of regional television, received over 1,300 entries and was broadcasted to approximately 50 million households across Asia.

Robert Gilby, Chairman of the Singapore Media Festival advisory board, Managing Director  of the Walt Disney Company (SEA), said, “The Singapore Media Festival serves as a platform for creative, content and commerce leaders from Singapore, Asia and other regions around the globe to come together to form fruitful partnerships, that place Singapore as Asia’s leading hub for content creation. The board is greatly heartened by the meaningful partnerships forged and vibrant exchange of ideas at SMF 2014. We look forward to expanding the relationships and industry discussions in an even more successful edition in 2015.”

Angeline Poh, Assistant Chief Executive (Industry), Media Development Authority, added, “The Singapore Media Festival aims to be one of Asia’s flagship media events that facilitates exchanges within the industry and shines the spotlight on Singapore and Asian content.” She added, “We will continue to promote collaboration around new avenues of content creation and delivery as well as audience engagement.”

For more information, please contact:

Joannah Zhong
Executive, Industry Communications
Media Development Authority 
Tel: +65-9728-9956

About Media Development Authority of Singapore (MDA)

The Media Development Authority of Singapore ( promotes the growth of globally competitive film, television, radio, publishing, games, animation and interactive digital media industries. It also regulates the media sector to safeguard the interests of consumers, and promotes a connected society. MDA is a statutory board under the Ministry of Communications and Information (

About SMF

The Singapore Media Festival, hosted by Media Development Authority is set to become one of Asia’s leading international media events, where the industry meets to discover the latest trends, talent and content in Asia for Film and TV. It brings together established media events — Asia TV Forum & Market (ATF) and ScreenSingapore (SS), Asian Television Awards and Singapore International Film Festival (SGIFF), which will take place from 26 November to 6 December 2015.

About Singapore International Film Festival Ltd. (SGIFF)

Singapore International Film Festival Ltd. is a non-profit organisation that holds the Institution of a Public Character (IPC) status. It is the home of the Singapore International Film Festival (SGIFF), the largest and longest-running film event in Singapore founded in 1987. The SGIFF has become an iconic event in the Singapore arts calendar that is widely attended by international film critics, and recognised worldwide for its focus on Asian filmmakers and promotion of Southeast Asian films. The festival also serves as a catalyst to arouse the widest public interest in the arts and encourage artistic dialogue and cultural exchange. For more information, please visit

About Reed Exhibitions – Asia TV Forum & Market (ATF) and ScreenSingapore (SS)

Reed Exhibitions is the world’s leading events organiser, with over 500 events in 43 countries. In 2014 Reed brought together over seven million event participants from around the world generating billions of dollars in business. Today Reed events are held throughout the Americas, Europe, the Middle East, Asia Pacific and Africa and organised by 41 fully staffed offices. Reed Exhibitions serves 43 industry sectors with trade and consumer events. It is part of the RELX Group plc, a world-leading provider of information solutions for professional customers across industries. (   

About Contineo Media – Asian Television Awards

Contineo Media ranks as one of Asia’s leading business-business information providers. Headquartered in Singapore, Contineo Media also operates in China with office in Beijing. As a multi-platform information provider, Contineo Media connects buyers and sellers through its print products, websites, electronic newsletters, e-books, video channels, conferences and industry awards. Contineo Media’s expertise is focused on two sectors — Broadcast content and production, and Manufacturing. Brands in its stable include Television Asia Plus, Asia Image, Asia Audio, Music Asia, Payload Asia, Control Engineering Asia, Logistics Insight Asia, PharmaAsia, and Asia Food Journal. Brand extensions in China include Asia Image Mandarin Edition, Control Engineering Asia-China, Pharma Asia-China, Asia Food Journal-China and Electronic Manufacturing Asia-China.Leading industry awards organised by Contineo Media include the Asian Television Awards, Apollo Awards, Payload Asia Awards, and Asian Manufacturing Awards.

Novogen Engages Leading US Investor Relations Firm

SYDNEY, April 2, 2015 /PRNewswire/ — Novogen Ltd (ASX:NRT NASDAQ:NVGN) today announced it has appointed US-based public relations firm, PCG Advisory (PCG), to drive the Company’s investor-awareness program in the US. PCG will be using their expertise in creating awareness and establishing key relationships within the US investment community via their targeted outreach campaign.

Dr Graham Kelly said: “The investment community has reacted positively in recent times to the Company’s extensive drug discovery program and with significant growth in activity ahead in the short-term, we felt it was timely to appoint an advisory firm to build on that momentum and communicate our activities to the market to maximise shareholder value.  Showcasing the Company to the wholesale investment community is a key part of our strategy to bring new investors into the stock through on-market buying. We look forward to working with the PCG team.”

Jeff Ramson, Founder and CEO of PCG stated, “We are excited to work with the entire team at Novogen.  We have extensive experience with Australian emerging growth companies that have stakeholders on several continents.  We look forward to communicating the Novogen story to a larger group of US investors, who need to learn about their drug technology platforms and how management will execute the Company’s strategy in the short and long term. We look forward to the partnership.”


Founded in 2008, PCG Advisory Group is dedicated to the delivery of top tier capital markets advisory services, strategic investor relations, tactical digital and social media communications and cutting edge media and public relations for public and privately held companies. The team at PCG has extensive experience with life sciences and healthcare, high technology, metals and mining, financial services and emerging growth companies from around the globe.

PCG’s Capital Markets Advisory Services include overall investor relations’ strategy development to increase and leverage investor awareness, visibility and credibility. PCG’s Social and Digital Media services include leveraging social and professional digital media sites to effectively and accurately communicate client stories. As an aggregation, distribution, and engagement platform, PCG reaches thousands of individual, retail, institutional investors, bankers and analysts using proprietary techniques, search engine optimization, online marketing, website development and our proprietary and extensive distribution network. PCG’s Media and Public Relations services are a strategic and integral component of all Corporate Communications. The media and public relations team works with print, broadcast, online news sites and bloggers to communicate the best client story at the right time. PCG also actively assists clients during the pre- and post-IPO process as well as through mergers, acquisitions, uplistings, and or a potential crisis. Communicating the client’s story accurately and effectively is tantamount to maximizing exposure to its current and potential stakeholders.

About Novogen Limited

Novogen is a public, drug-development company whose shares trade on both the Australian Securities Exchange (‘NRT’) and NASDAQ (‘NVGN’).  The Novogen Group includes a New Haven CT-based joint venture company, CanTx Inc., with Yale University.

Novogen has two main drug technology platforms: super-benzopyrans (SBPs) and anti-tropomyosins (ATMs).  SBP compounds have been created to kill the full range of cells within a tumor, but particularly the cancer stem cells.  The ATM compounds target the microfilament component of the cancer cell and when used in conjunction with standard anti-microtubule drugs, result in comprehensive and fatal destruction of the cancer cell’s cytoskeleton.  Ovarian cancer, colorectal cancer, malignant ascites, prostate cancer, neural cancers (glioblastoma, neuroblastoma in children) and melanoma are the key clinical indications being pursued, with the ultimate objective of employing both technologies as a unified approach to first-line therapy.

Further information is available on our websites

For more information please contact:

Corporate Contact

Dr. Graham Kelly

Executive Chairman & CEO

Novogen Group           

+61 (0) 2 9472 4100

Media Enquiries

Cristyn Humphreys

Chief Operating Officer

Novogen Group

+61 (0) 2 9472 4111

BlueFocus Hits Another Milestone of Its Determined Globalization Process

BEIJING, April 1, 2015 /PRNewswire/ — It was previously hard to imagine a China-based Communication Group can go global in such a speedy and well-organized manner. BlueFocus, this largest Communication Group (BFCG) of China, who just announced its 2014 Annual Report in which many remarkable financial results can be found, is holding its first-ever global gathering, called International Business Management Committee, formed by all the top leadership team members from both BlueFocus and its strategically owned portfolio agencies, in its Beijing headquarter, from 1st April through 2nd April.

Following a series of well-composed investments and acquisitions, the establishment of International Business Management Committee (IBMC) aims to enable productive & effective management from BlueFocus’ international portfolio standpoint and to unleash the power of meaningful corporate integration.

Robin Grant, Global Managing Director of We Are Social, now a BlueFocus company, has apparently been enjoying this win-win marriage. “The past year has been the start of a new journey for We Are Social. We chose BlueFocus as our partner because they share our global ambitions, track record of fast growth, entrepreneurial spirit and ambition. In the past 12 months, BlueFocus has helped us build the foundations for further global expansion, while allowing us to maintain the unique brand and culture that has made We Are Social so successful to date. We’re looking forward to working with BlueFocus to make 2015 our biggest year yet,” Mr. Grant commented.

As the unbeatable pilot & thought-leader in the professional service industry of Marketing & Communications in China, BlueFocus has been devoting enormous efforts to its intelligent total solution such as technology-inspired innovations and big data backed insights and ideas, which is also reflected as one guiding principle when it comes to BlueFocus’ global acquisition strategy. Fuseproject, for instance, the prestigious industry design firm, is a perfect example that illustrates how technology-inspired innovations can change people’s lives. Blab, another good example as a pioneer in the sector of predictive social intelligence in US, is demonstrating how Big Data can effectively shape the insights for future.

And now, BlueFocus, the ultimate holding company, is ready to build a scale by letting ideas travel across – “The first step is to make all the portfolio agencies know each other MUCH better,” said Holly Zheng, newly appointed President of BlueFocus International as of July 2014. ” ‘This IBMC will be primarily serving as a Steering Committee which helps set the overall growth strategy for the whole company, and we are looking at the opportunities simultaneously regarding establishing multiple working committees as well, which will focus on specific areas such as operation and business development in the near future so that we can bring the ideas to life eventually,” Holly further added.

“I am so happy to see all the fantastic leaders from all over the world to join us in Beijing. I truly believe that, with all great insights and experiences contributed by our leaders, BlueFocus, although originated in China, will definitely become an open and global platform, abound with best talents, which can offer top-notch services to our clients across the globe. And the establishment of IBMC shows clearly our strong commitment to the globalization strategy, which will certainly accelerate globalized process of BlueFocus,” said Oscar Zhao, CEO of BlueFocus Communication Group.

Ms. Holly Zheng further built, “We have created a sizable portfolio in the communications industry, including companies that specialize in PR, advertising, social media, technology and even product design. Geographically, our portfolio agencies can cover all of the key markets ranging from Asia, Europe, North America to Australia. And we believe this global footprint is critical to our multinational clients. In 2015, we expect our international business will grow much faster than the industry average, accounting for roughly 20% of our total revenue.”

Currently, BFCG and its overseas branches have established nearly a hundred offices in more than 30 countries around the world. As the only Chinese communication company with global footprint, BlueFocus reported its 2014 revenue of RMB 5,979,088,239 (US$ 965 million), up 66.83% from a year ago, and a net profit of RMB 711,883,881 (US$ 115 million), up 62.79% year-to-year.

About BlueFocus

Founded in 1996 and became the first publicly listed PR company in China in 2010, BlueFocus is the No.1 integrated communication and marketing services group in China, with around 5,000 employees globally. The company provides a wide spectrum of PR and brand management services to over 800 multinational companies and leading Chinese enterprises, covering the IT, automobile, consumer goods, real estate, finance, and entertainment industries.

BlueFocus operates in the fields of public relations, media buying, digital communication, digital advertising and e-commerce in China, including: Blue Digital (formerly BlueFocus PR) – Asia’s no. 1 PR agency, SNK – China’s No.1 online gaming advertising agency, Bojie Media, Eyes Media, Kingo Advertising and BlueStrategy.

“To Be Global” is one of BlueFocus’ core strategies. The firm controls Vision7, whose two major brands include Canadian agency leader Cossette and the international PR firm Citizen Relations, We Are Social, the world’s largest specialist social media agency in UK, and owns around 20% stake in Huntsworth, a UK-based leading international public relations group. BlueFocus’ other oversea investments include Fuseproject, a top industrial designing company in US, Metta, a leading Advertising agency in HK, Financial PR, a renowned investor relations consultancy in Asia, and Blab, a pioneer in the category of Predictive Social Intelligence in US.

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How to Build a Solid Healthcare Content Management Foundation for Data Ownership, Interoperability and a Complete Patient Record

— Frost & Sullivan white paper reveals an approach centered on three qualities essential to optimal healthcare performance and value-based care delivery

MOUNTAIN VIEW, Calif., March 23, 2015 /PRNewswire/ — There is a growing perception by healthcare providers that their recent investments in electronic medical record (EMR) and IT infrastructure systems have failed to fully meet the strategic objectives of the enterprise. As healthcare delivery organizations try to move past this state of dissatisfaction and on to developing an action plan, the solution becomes clear. A more effective management of data generated throughout the organization is one of the cornerstones of a modernization effort. In addition, this resolves many pressing challenges on clinical and business efficiencies.

Frost & Sullivan

Frost & Sullivan

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Frost & Sullivan’s recently published white paper, entitled Directions in Healthcare Content Management: Building a Solid Foundation for Data Ownership, Interoperability and a Complete Patient Record, discloses the implementation of EMR systems and the inability to rely on them exclusively.  

Click HERE to download the white paper, or visit:

As EMRs continue to monopolize IT spending and resources, the challenge of “Big Data” is growing in scope and urgency, along with pressure from other demands, including meaningful use and ICD-9 to ICD-10 transition deadlines. The concept of a comprehensive content platform to optimize the EMR has been gaining ground in the healthcare market. This strategy emphasizes the need to provide a more solid data management foundation underlying the EMR.

“Providers wanting to realize the full potential of EMR investments are looking to augment EMR capabilities to deliver more useful and relevant patient data in a timely manner to each consumer of those data throughout the enterprise – that is, to achieve true data liquidity,” said Frost & Sullivan Imaging Informatics Industry Principal, Nadim Daher.

In this analysis, Frost & Sullivan explains how enhanced information management and information-sharing are critical components of revamping any healthcare content management strategy needed to succeed with the mission.

Lexmark Healthcare is a technology leader with a rich history of providing innovative solutions for managing unstructured content across the healthcare continuum. Lexmark Healthcare supports a modular approach to securely capture, manage, view and share documents, medical images and patient-related information with core healthcare applications.

“Healthcare providers seeking to join or start a healthcare information exchange (HIE) or population health management system, need to make it as cost-efficient as possible in the absence of a clear business and sustainability model,” said Daher.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. 

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.

Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?  

Contact Us:     Start the discussion

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Subscribe:       Newsletter on “the next big thing” 

Register:        Gain access to visionary innovation

Media Contact:

Kayla Belcher                                                      
Corporate Communications – North America
P: +1 210.247.2450
F: +1 210.348.1003

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ZPARK Haidian Park — An Entrepreneurial Paradise

BEIJING, March 23, 2015 /PRNewswire/ — In April 2014, a 10-square-meter fast-food restaurant, Singularity Brothers or “Xi Shao Ye,” opened in Beijing’s Zhongguancun Haidian Park and immediately attracting an enormous following. In its first 100 days, Singularity sold a record 200,000 hamburgers. Favorably reviewed by local media, the valuation of what was clearly a franchisable restaurant quickly shot up to RMB100 million. In September, another location opened in a Zhongguancun shopping center near KFC and enjoyed even greater popularity. The founders of the “Brothers” were now confident they could create a global franchise. Only in ZPARK, with its massive international influence, could the Singularity Brothers have gained such a huge following.

The fifth branch of this now very popular restaurant chain was opened in December 2014. It’s no coincidence, said Meng Bing, the founder of Singularity Brothers, that three of its first five shops were established in Zhongguancun. For Singularity, Meng Bing said, “The biggest medium (for promotion or advertising) is not CCTV or Baidu, but Zhongguancun.” In this new era, he said, Zhongguancun is undoubtedly the best place to create and find new and trendy hotspots because Zhongguancun is now widely viewed in China as “a gathering place for opinion leaders.”

Indeed, over the past 20 years, the impression that most people have of Zhongguancun has gradually changed from what it once was, a large electronics super mall, to what it is today — a center for innovation and strategic developments in technology and also a source of national pride.

In addition to Singularity, Zhongguancun also houses many important new businesses, not the least of which is Virtue Inno Valley. Located in Dinghao Building, Virtue’s offices were designed by master designers from Tsinghua University’s Department of Architecture — a small, simple but still very modern design.

“Only in an incubator just over 2000 square meters could a group atmosphere be obtained,” said Li Zhu, the originator of Virtue Inno Valley’s “angel open platform.” Mr. Li Zhu has over 20 years of entrepreneurial experience. Before launching Virtue Inno Valley, he set up a software company in partnership with another Tsinghua University alumnus and then sold it to Tsinghua Tongfang. Afterwards, Mr. Li became an angel investor and one of his first investments was UUSEE (, a sports video website).

New success stories now occur at Virtue Inno Valley every day. Many of its clients often begin as poorly developed start-ups, but they frequently evolve into successful companies, some with potential valuations in excess of hundreds of millions of RMB. The foundation for Virtue Inno Valley is rooted to a large extent in its association with Tsinghua alumni. On Tsinghua University’s 100th anniversary, the Tsinghua Alumni Association of TMT (Technology, Media, Telecom) was created to help alumni do business. Not long after, the Association and THTI (Tsinghua Technology Innovation Holding Co.) together jointly helped launch Virtue Inno Valley. At that time, the government of Haidian District was leasing two out of the four floors in the Dinghao Building to Innovation Works and Tsinghua Science Park, respectively. The two floors are currently assigned to Tsinghua Science Park and managed by THTI, and as a result, Virtue Inno Valley now occupy the entire space. From the very beginning, it was Li Zhu’s intention to launch his incubator here and make it the first and most impressive “innovative” incubator in Zhongguancun.

Beijing provides one of the best business environments in China, and Zhongguancun is a perfect area for start-ups, in part, because of its the strong entrepreneurial atmosphere and its focus on innovation. There are also large Internet companies nearby, along with abundant talent from local colleges and universities, plus a great many financial and investment institutions. In addition, there’s also a good regional market in and around Zhongguancun. With Virtue, Zhongguancun now also has the additional infrastructure an organization to give entrepreneurs a wide range of professional value-added services.

The approach of traditional incubators is to rent low-cost office space and make a profit by carving up and renting space, often on a daily basis. However, within Virtue Inno Valley, Li Zhu expects that can really help entrepreneurs reduce their failure rates by helping to steer them in the right product direction. He can also help them connect with the resources they need to succeed. When it comes time for them to unveil their products, the Valley can also help them to find and secure the right promotional channels, find partners for cooperation and, if need be, obtain additional financing. In addition, the new incubator is also able to seed-fund many projects, as well as providing clients with many basic entrepreneurial services.

As a consequence, the biggest difference between this incubator and many other more traditional ones, Mr. Li asserted, is that “we just don’t rent a house” at a cheap price to entrepreneurs. Because Virtue Inno Valley is a community, not just a traditional incubator, it can offer its clients a “communicative atmosphere,” to small companies and small teams of people a path to succeed.

By learning from leading incubators like Y Combinator (YC), as well as from the experiences of other small incubators in Silicon Valley, plus the experiences of more than 500 start-ups, Virtue Inno Valley has also created an infrastructure for entrepreneurs, very similar in essence to a cross-enterprise team. So it’s not uncommon to see new start-ups bringing their computers to the site on their first day of business. Next, Virtue provides them with a place to work and assists them with registration. Office staff from law firms and finance firms are also on site to help them solve problems. The incubator also provides them with cloud services and helps them connect with Amazon, Aliyun, Baidu Cloud and other large platforms. In time, Li Zhu predicts, “countless billionaires will be born here.”

In Virtue Inno Valley’s experience, the most urgent demands of many early-stage entrepreneurs often involve the need for both capital and guidance. That’s why professional value-added services and investment functions are always made available to member companies by Virtue Inno Valley. Entrepreneurs can also learn from the past mistakes of other entrepreneurs, and well as from their achievements — another reason why Virtue Inno Valley is so valuable to its tenants.

Virtue Inno Valley often likes to say it offers members an “open” environment, and in many important respects, it does. First, Virtue is open to entrepreneurs. Even entrepreneurial teams, which do not receive financial investment from Virtue, are strongly supported by the incubator. Second, Virtue is open to investors from the Internet and other enterprises in other industries. As a result, Virtue is in a position to communicate with investors about all of its projects. In fact, Virtue routinely holds entrepreneurial competitions in partnership with Microsoft, Tencent, Baidu and other industry leaders. Thirdly, the incubator is also very involved to international markets. Virtue, just to give one example, recently formed a strategic partnership with Telefonica which operates incubators in no less than 12 countries. As a result, entrepreneurs at Virtue have access to potential partners as they expand overseas.

Currently, Zhongguancun is very active in securing domestic venture capital investment. Besides Virtue Inno Valley, the Garage Coffee and other new entrepreneurial service providers, Zhongguancun also works very closely with IDG Capital Partners, Legend Capital, Capital Today, Northern Light Venture Capital, Walden International, CEYUAN, Infotech, TusPark Ventures, Shenzhen Capital and other well-known institutions – all of whom are partners with ZPARK in Haidian Park. For instance, IDG has invested a number of high tech enterprises in ZPARK Haidian Park, including most famous and successful mobile internet companies in China like 360, Xiaomi, Baidu and etc.

Relying on industrial advantage of ZPARK, the overall formula for “incubator + accelerator + Science Park” is beginning to take shape. In the future, ZPARK will also energetically explore upscale services accelerating the incubation for both the middle and later stages of the industrial chain. At the same time it will continue to provide a strong incubation service for the enterprises at seed and startup stages. It will also establish step-by-step systems for “pre-incubation + full incubation + professional incubation + accelerating incubation.” ZPARK will also build a promotional service platform for incubators within the Software Park, aiming for high integration of industry for both upstream and downstream firms, and meeting the requirements in all aspects of “cluster incubation” and “professional incubation.” In this way, it can facilitate the concentration and scaled development for many kinds of business and industries.

In addition, its innovative and entrepreneurial avenues will also continue to pay attention to and research global innovative and entrepreneurial trends, and explore, experiment and promote new ways of thinking. This process will inevitably cultivate a group of new entrepreneurial service providers to inject both new blood and fresh ideas into Zhongguancun.

When we think of Silicon Valley, we always think Apple, HP and other world-famous science and technology giants. When we think of Zhongguancun, we think of Baidu and MIUI developed by Xiaomi. They are both the result in no small part to the incubation cultivated within ZPARK Haidian Park — “China’s Silicon Valley.” With help from ZPARK, these high-tech Chinese enterprises from China are now in a position to develop into true global brands. Currently, ZPARK is in the midst of realizing its strategic goal of building scientific and technological innovation centers with global influence, and through these innovations, transforming the park into a true China Silicon Valley.

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Australia’s Plain Packaging is Working: First Comprehensive Evaluation of World-First Tobacco Laws Released

MELBOURNE, Australia, March 18, 2015 /PRNewswire/ — The introduction of plain packaging of tobacco products in Australia is delivering on its promise to restrict the ability of the pack to create appeal, according to the first comprehensive evaluation of the legislation.

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Published in a special supplement to the British Medical Journal, fourteen peer-reviewed papers examine various aspects of the implementation and the impact it has on the community, including young people and adult smokers.

Key findings of the evaluation include:

  • Plain packaging has delivered on its aim to reduce appeal of packs, particularly with adolescents and young adults
  • There was no evidence of an increase in the consumption of illicit “cheap white” cigarettes
  • The impact of plain packaging extends beyond expectation with studies suggesting the initiative encourages thinking about quitting and quit attempts

Cancer Council Victoria’s Professor Melanie Wakefield, whose team led the evaluation, said research shows plain packaging reduced positive perceptions of cigarette packs among teenagers and reveals that smokers were noticing and paying more attention to the graphic health warnings.

“These papers provide the first comprehensive set of results of real world plain packaging and they are pointing very strongly to success in achieving the legislation’s aims.

“These results should give confidence to countries considering plain packaging that plain packs not only reduce appeal of tobacco products and increase the effectiveness of health warnings but also diminish the tobacco industry’s ability to use packs to mislead consumers about the harms of smoking.”

Study co-leader Dr. Michelle Scollo examined claims made by the tobacco industry concerning prices and illicit tobacco, noting:

“The tobacco industry has been very vocal in its concerns that plain packaging would result in a collapse in prices and increased use of illicit tobacco — these studies found no evidence of either of these effects, and despite an increase in use of value brands, a clear indication of increased prices across the board.”

Cancer Council Victoria CEO Mr. Todd Harper said the research debunked the scare tactics of the tobacco industry which has been tirelessly lobbying politicians and decision makers with exaggerated tales of black markets, criminal gangs and a proliferation of cheap cigarettes.

“The pack is one of the last pillars of tobacco industry marketing, and in jurisdictions without plain packaging the pack will continue to be used as an unscrupulous tool to keep and attract customers.”

Mr. Harper said this was especially dangerous in a time when marketing innovations of packaging could evolve to include music, touch and smell to increase appeal.

Professor Melanie Wakefield, Dr. Michelle Scollo and Todd Harper are available for interview, as is another study author, Kylie Lindorff.

For further information, or interviews, please contact:
Edwina Pearse on +61417 303 811 or , or
Thea Cargill on +61429 000 450 or

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