Artificial Intelligence
Tech-driven Aggregator TCM Primed for $50M+ E-commerce Acquisition Spree in Q2 2021
AI technology paired with big data pre-identifies attractive online store prospects, HERZLIYA PITUACH, Israel, March 17, 2021 (GLOBE NEWSWIRE) — Technology Commerce Management (TCM) announced today the e-commerce aggregator’s technology has already qualified online businesses for potential Q2 2021 acquisition deals totaling more than US$50M. TCM used its unique and proprietary Super Brain™ technology to predictively analyze the value of e-commerce properties, bringing higher certainty to its near-term acquisition targets. Additionally, while other e-commerce aggregators focus almost exclusively on Amazon FBA or third-party sellers, TCM aims to make revenues off-Amazon properties at least 30% of its rapidly growing portfolio.
The news of the company’s new e-commerce acquisition targets comes fast on the heels of three deals with term sheets in place, and just weeks after TCM came out of stealth by launching its technology on a global scale.
TCM’s Super Brain technology consists of powerful artificial intelligence (AI) models that use big data, machine learning (ML) and deep learning (DL) to evaluate trends and opportunities for e-commerce businesses and products with a high certainty of future performance and profits. It uniquely allows TCM to qualify acquisition opportunities in both Amazon and off-Amazon stores hosted on platforms such as Shopify, Walmart and eBay.
“TCM is fast out of the gate to take full and immediate advantage of this exploding e-commerce aggregator market,” said Gabi Bar, co-founder of TCM. “Our Q2 acquisition plans leverage TCM’s unique ability to identify, evaluate and acquire e-commerce businesses sometimes before they even hit the market, giving us a huge first-mover advantage on these opportunities.”
When TCM’s technology identifies and qualifies an e-commerce store as a suitable acquisition target, TCM provides the seller with a precise analysis of the business’s value and is prepared to sign a deal within a few days or weeks. TCM’s forthcoming acquisition targets include e-commerce businesses selling goods ranging from office and art supplies to beauty and personal care to fitness equipment, toys, games and home and kitchen items. Marginal operating profits for TCM-owned online stores averaged 27 percent in 2020. This is a direct result of TCM’s Super Brain AI models that suggest growth vectors and forecast demand for products, brands and categories, in addition to optimizing the stores. E-commerce businesses seeking acquisition are also encouraged to apply to TCM for an evaluation here.
TCM has more than 170 employees worldwide, as well as a strong record of organic growth since 2016. The current acquisitions will be funded through new capital sources.
About TCM Media Contact:
Michelle Allard McMahon A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ecc099b5-6940-46d2-aa84-b7cc30dbcc73
aims for acquisitions of businesses with at least 30% revenue from off-Amazon sources
Technology Commerce Management (TCM) delivers the e-commerce aggregator industry’s first predictive, AI-driven e-commerce performance optimization. Using a combination of big data, artificial intelligence (AI) and machine learning (ML), TCM identifies, qualifies, acquires and optimizes e-commerce businesses with the highest empirical probability of maximizing wealth creation and ROI for all stakeholders. Founded in 2016 and based in Israel, TCM now operates e-commerce businesses on Amazon, Shopify, eBay, Walmart, Wayfair, WooCommerce and more. Learn more about TCM at www.tcmdigital.com and follow TCM on LinkedIn, Facebook, Twitter and YouTube.
Rainier Communications
+1 781-718-3248
[email protected]
Artificial Intelligence
Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors
BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.
The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development.
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference.
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
Photo – https://mma.prnewswire.com/media/2518604/Changzhou.jpg
View original content:https://www.prnewswire.co.uk/news-releases/xinhua-silk-road-e-chinas-changzhou-city-unveils-investment-opportunities-in-sectors-of-new-productive-forces-for-global-investors-302261868.html
Artificial Intelligence
CGTN: China honors individuals with highest awards in celebration of 75th National Day
BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.
The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
View original content:https://www.prnewswire.co.uk/news-releases/cgtn-china-honors-individuals-with-highest-awards-in-celebration-of-75th-national-day-302261867.html
Artificial Intelligence
Kazakhstan Government Delegation Visited SUPCON
HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.
The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
Photo – https://mma.prnewswire.com/media/2518470/image_5022684_18905906.jpg Photo – https://mma.prnewswire.com/media/2518471/1.jpg
View original content:https://www.prnewswire.co.uk/news-releases/kazakhstan-government-delegation-visited-supcon-302261857.html
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