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FangDD Submits IPO Prospectus and is Poised to Become the First Publicly-Listed Industry Internet SaaS Company in China

Vlad Poptamas

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Shenzhen Fangdd Network Group Ltd. (“FangDD”) has officially submitted its prospectus on Oct. 9th to the US Securities and Exchange Commission (SEC) and plans to launch initial public offering (IPO) trading under the ticker symbol “DUO” on NASDAQ. If the IPO is approved, FangDD would become the first publicly-listed industry internet SaaS company in China.

In the industry internet era, B2B enterprises that harness technology and data to remove barriers and streamline operational efficiency represent the future of business. Established in 2011, FangDD has focused on exploring vertical market segments with an initial emphasis on real estate agents. With a mission centered around simplifying business for real estate agents and empowering them to achieve their dreams, FangDD has combined its innovative, technology-driven approach to B2B with forward-looking insights and keen observations on industry developments, to become a pioneer of internet technology within the residential property service market in China.

Creating an online marketplace based in industry SaaS platform to enable Real Estate agents to achieve more business

Powered by mobile internet technology, cloud technology and big data, FangDD has developed customized SaaS solutions designed for Chinese real estate agents. Through aggregating key real estate resources, including property listings, customer data, and fund and transaction data, FangDD’s revolutionary intelligent system connects agents with the resources they need to succeed in business. An all-in-one real estate management platform, FangDD allows agents to easily manage their customers, housing inventory and historic transaction records online. FangDD also provides comprehensive business insight and intelligence tools to assist agents in analyzing data and optimizing the management process. In doing so, FangDD enables agents to easily conduct business online, improving their service efficiency and scope, and transforming their way of operation.

The success of FangDD’s industry SaaS solutions lies in its extensive property database. According to data from Frost & Sullivan, FangDD’s database is one of the largest of its kind in China, with over 131 million verified pieces of basic property data as of June 30, 2019.

Harnessing the depth and breadth of this database, FangDD has built an independent and open SaaS-powered marketplace that targets the primary high-frequency actors in the residential service chain – real estate agents – designing an end-to-end ecosystem within which agents can complete transactions. Frost & Sullivan’s insights reveal that, as of December 31, 2018, FangDD operated the biggest SaaS-powered online real estate transaction marketplace in China. With a penetration rate of over 45% at the end of 2018, FangDD’s platform was used by 911,000 of China’s 2 million real estate agents, and its user base continues to grow with 1,071,000 registered agents as of June 30, 2019.

Profitability and large-scale revenue through cost reduction, improved operational efficiency and closed-loop transactions

FangDD has transformed the way Chinese real estate agents operate by improving the operational efficiency and experience of real estate transactions. According to its prospectus data, FangDD’s closed-loop gross merchandise volume (GMV) was RMB73.9 billion in 2017. In 2018, this figure increased by 53.9% to RMB113.7 billion (US$16.6 billion) and, in the first half of 2019 alone, FangDD’s GMV reached RMB91.3 billion (US$13.3 billion) – doubling its GMV of RMB45.6 billion from the same period in 2018.

FangDD has not only seen rapid growth in scale – the company has also realized large-scale revenue and maintained profitability since 2017.

FangDD’s prospectus reveals that, after reaching slight profitability in 2017, the company’s profitability has rapidly grown from 2018 to present. In 2018, FangDD’s net profit was RMB104 million (US$15.2 million). In the first six months of 2019, the company saw strong growth with net profit reaching RMB100.3 million (US$14.6 million), an increase of 166.6% compared with RMB37.6 million during the same period in 2018.

In 2017, FangDD’s revenue was RMB1.8 billion. This figure grew to RMB2.3 billion (US$332.4 million) in 2018, resulting in a growth rate of 26.9%. In addition, in 2019 alone, FangDD’s revenue increased by 55.4% compared with the same period in previous year with RMB1.6 billion (US$233.7 million) in revenue as of June 30, 2019 – a marked increase from its RMB1.0 billion revenue during the same period in 2018.

Pioneer of the property technology industry with the industry’s leading labor efficiency ratio

FangDD is a leading internet technology company in China’s residential service field in terms of operational efficiency. As outlined in its prospectus, the closed-loop GMV created by each employee of FangDD was RMB34.6 million in 2017. The annual closed-loop GMV grew to RMB84.5 million (US$12.2 million) in 2018 and, as of June 30, 2019, has already reached RMB58.3 million (US$8.9 million) – almost doubling its previous GMV of RMB 34.6 million from the same period in 2018. Meanwhile, the revenue generated by each employee on average grew from RMB0.8 million in 2017 to RMB1.7 million (US$246 thousand) in 2018. As of June 30, 2019, this figure has reached RMB1.0 million (US$156 thousand), up from RMB784 thousand during the same period in 2018.

Moving forward, FangDD aims to maintain and strengthen its position as the largest online real estate marketplace in China by attracting and retaining more agents to the platform through its free and user-friendly SaaS infrastructure, expanding and deepening its property database and listings, continuing to attract property listings by empowering agents through SaaS services and diversifying and expanding value-added products and service offerings.

 

SOURCE FangDD

Artificial Intelligence

Companies leading the way in cyber security and critical infrastructure, Terafence and Boulder AI, to attend the largest B2B conference in the cyber industry

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Colorado and Israel, Jan. 17, 2020 (GLOBE NEWSWIRE) — Two companies with leading-edge technologies in the cyber security industry, Terafence and Boulder AI, will be attending the Cybertech Tel Aviv conference in Israel. The conference is recognized as Cybertech’s most renowned international exhibition and is one of the largest B2B networking events in the cyber industry, outside of the United States.

The two companies will be demonstrating the impact of their collective technologies to conference attendees, which includes Boulder AI’s deep learning camera systems and software, and Terafence’s solution which physically isolates IoT devices and networks while maintaining uninterrupted data flow and control.

The founders of the two companies met while working with Innosphere, Colorado’s leading commercialization program for technology-based startup and scaleup companies. “Both Boulder AI and Terafence have significantly differentiated technologies for cyber protection, very experienced management teams, and great outside investors,” said Mike Freeman, Innosphere CEO. “Introducing the two companies has had mutual benefit for both teams and their timely technologies.”

Set to take place on January 28-30, 2020 in Tel Aviv, Cybertech Tel Aviv 2020 this international cyber event features the most trending topics in the realm of cyber and technology, and features talks by leading decision-makers, government officials, and top executives. Every year, the event attracts thousands of attendees, mainly C-level executives, investors, professionals, and government officials from all over the world.

Terafence is based in Israel and has developed a proprietary cyber security solution with an advanced microchip and firmware, called TFence™, which isolates IoT and NoT (network of IoT) devices while maintaining uninterrupted data flow and control. This type of solution for cyber-secure connectivity and protecting IoT devices has become critical as more cyber threats are being launched through poorly protected IoT assets like edge-based IP cameras.

Boulder AI is based in Colorado and provides the most powerful edge-to-cloud visual intelligence solutions with their deep learning products, including computing hardware, AI algorithms and management platform software. Together, these render artificial intelligence technology valuable to a host of markets including intelligent transportation, utilities, infrastructure, physical security and more. Boulder’s engineers and data scientists bring AI to life to solve today’s problems in real time.

“We’re excited to be partnering with Boulder AI’s experienced team at this month’s Cybertech event,” said Pini Huber, Terafence vice president of sales. “This event is where investors can find the next breakthrough in the cyber industry.”

Attachments

Emily Wilson
Innosphere Ventures
970-295-4481 Pini Huber, Vice President of Sales
Terafence Bryan Schmode, CEO
BoulderAI

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AVRA Medical Robotics Attends J.P. Morgan Healthcare Conference

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ORLANDO, Fla., Jan. 17, 2020 (GLOBE NEWSWIRE) — AVRA Medical Robotics, Inc. (the “Company”) (OTCQB: AVMR), a medical software and artificial intelligence company that is in the process of building a fully autonomous medical robotic system through the use of new technologies combining artificial intelligence, machine learning and proprietary software; is attending the 38th J.P. Morgan Healthcare Conference in San Francisco this week. The Company is represented by its CEO, Barry Cohen.

Mr. Cohen has held meetings with various Investment Banking firms and potential strategic partners to update them on the Company’s progress with its medical software procedure program and the development status of its Autonomous Robotics Surgical System, as envisioned by the Company.

As Mr Cohen explains, “The potential of our robotic systems is to perform operations with greater precision than human hands are capable of.”

Contacts: Barry Cohen
  AVRA Medical Robotics, Inc.
  Chairman and CEO
  bcohen@avramedical.com

Note to Editors:

About AVRA Medical Robotics
AVRA Medical Robotics, Inc., (OTCQB: AVMR) is empowering doctors and the practice of surgery through the use of software and artificial intelligence. AVRA, with a research agreement in place with the University of Central Florida known for its advances in robotics and guidance systems, is developing a fully autonomous surgical robotic system that “robotizes” a wide range of surgical procedures currently being performed by human hands using surgical and non-surgical devices and instruments. AVRA is concentrating its research and development efforts to meet rising expectations of patients and practitioners alike for the precision, efficiencies and safety offered by robotics, artificial intelligence and proprietary software when combined with proven medical devices and surgical instruments. AVRA’s current focus is developing a treatment-independent precision guidance system, applicable to a variety of minimally and non-invasive procedures, to leverage the growing demand for practical medical robotic devices, with an initial focus on skin resurfacing aesthetic procedures.
For more information visit the company’s website at www.avramedical.com.

About the J.P. Morgan Healthcare Conference
The annual J.P. Morgan Healthcare Conference is known to be the largest and most informative healthcare investment symposium in the industry, bringing together industry leaders, emerging fast-growth companies, innovative technology creators, and members of the investment community.           

Forward Looking Statements
This press release may contain statements that are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “will,” “intend,” “may,” “plan,” “project,” “should,” “could,” “seek,” “designed,” “potential,” “forecast,” “target,” “objective,” “goal,” or the negatives of such terms or other similar expressions to identify such forward-looking statements. These statements relate to future events or AVRA’s future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

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The global automated turf harvesters market size is expected to reach $155,947.8 thousand in 2026, from $62,151.5 thousand in 2018, growing at a CAGR of 12.6% from 2019 to 2026

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New York, Jan. 17, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Automated Turf Harvester Market by Product Type and Application : Global Opportunity Analysis and Industry Forecast, 2019-2026” – https://www.reportlinker.com/p05828813/?utm_source=GNW

The global automated turf harvesters market size is expected to reach $155,947.8 thousand in 2026, from $62,151.5 thousand in 2018, growing at a CAGR of 12.6% from 2019 to 2026. Automated turf harvesters are used to harvest turf in the form of rolls and slabs from turf cultivation farms. It is an upgrade to the manually operated turf harvesters and provide one-man operation for cutting, rolling, and stacking of turf. The automated turf harvesters have features such as product quality monitoring, which rejects the defective roll or slab by sensing its weight and thickness. Moreover, the automated turf harvesters are provided with remote monitoring and diagnostics features, cellular or wireless communication systems, bilingual interface and many other features. This propels the automated turf harvesters market growth significantly. Furthermore, the implementation of automated turf harvesters on turf cultivation farms increase harvesting speed by 20% and reduce fuel consumption as well. The customers, majorly sod farmers, are switching towards automated equipment in order to increase the overall quality of the harvested turf. In addition, the labor costs are mainly reduced by the implementation of automated turf harvesters on sod farms. Furthermore, the major consumers of automated turf harvesters are from the developed nations like European and North American regions, mainly owing to the better living standards, resulting in improved housing with bigger lawns, participation in luxury sports like golf.
The shift of consumer preferences toward automated agricultural equipment is a major driver for the automated turf harvesters market. The introduction of automation and artificial intelligence (AI) in farming has helped the cultivators to obtain better quality and more yield in less time. Thus, the farmers are inclining toward autonomy for various agricultural processes. Moreover, the lack of labor and high cost associated with labor intensive farming promotes the use of automated equipment for turf farming applications. The stacking of turf pallets is the most tedious task as each pallet weighs around 1,500 to 3,000 pounds, which requires maximum effort which can be eased with the use of automated turf harvesters, which provide automatic stacking. Automation enables high quality turf harvesting and reduces the time required for turf harvesting process. Furthermore, various sports federations are choosing natural turf over artificial turf to conduct various sports such as football, soccer, cricket, and others. The artificial turf use has led to many negative results such as increased field temperature and is expected to contribute to on field injuries including fatigue, shortened career of the players, and negative effect on life after retirement of the players, hence the sports organizations are choosing natural turf over the artificial turf which increase the requirement of turf cultivation and in turn, bolsters the automated turf harvesters market growth. On the contrary, high costs of automated turf harvesters is a major restrain for the growth of automated turf harvesters market. Also, the versatility of artificial grass is increasing its popularity over natural grass in the residential sector. However, the growth in construction of golf courses in countries such as China, creates a demand for turf cultivation and thereby, creates lucrative opportunities for the growth of automated turf harvesters market during the forecast period.
The global automated turf harvesters market is segmented on the basis of product type, application, and region. By product type, it is divided into roll turf harvesters and slab turf harvesters. The slab turf harvesters segment is anticipated to dominate the global automated turf harvesters market in the future, owing to the growth of residential construction activities mainly in the U.S. and the UK. By application, it is classified into residential, commercial, golf courses, and sports/ athletics. The commercial segment is projected to dominate the global automated turf harvesters market during the forecast period. Also, the residential segment holds the highest share in the automated turf harvesters market.
The global automated turf harvesters market is analyzed across North America (the U.S. and Canada), Europe (the Netherlands, the UK, Germany, and rest of Europe), and Asia-Pacific (Australia and rest of Asia-Pacific). According to the automated turf harvesters market analysis, North America is expected to hold the largest automated turf harvesters market share throughout the study period. Europe ranks highest in terms of automated turf harvesters market growth. is expected to grow at the fastest rate. Europe is a major consumer of automated turf harvesters with respect to the golf course segment, owing to the highest number of golf courses, especially in England. These factors together are anticipated to grow the market significantly. Asia-Pacific is expected to exhibit growth during the automated turf harvesters forecast. However, Australia is already a major contributor for the automated turf harvesters market growth.

COMPETITION ANALYSIS
The key market players profiled in the report for tooling market include FireFly Automatix, Inc., Kesmac Inc., KWMI Equipment, MAGNUM ENP, Trebro Manufacturing, Inc. and Turf Tick Products B.V.
The companies are adopting product development strategy to expand their product features according the growing demands from the market. For instance, the company FireFly Automatix Inc. developed their automated turf harvester ProSlab 155 Turf Harvester by introducing new feature of GPS Auto-Steer. The guidance system enables operators to harvest a field in straight lines, on different terrains such as slopes, rolling terrains, or rough grounds. Moreover, the company FireFly Automatix, Inc. utilizes depth control system to adjust the thickness of turf which is cut according to the user’s requirement and thereby, improve the end product quality. Furthermore, these players have been operating using various representatives and distributors to provide better sales and services. For instance, the company TurfTick Products B.V. offers automated turf harvester product sales and services in the European Union under the company name Nannings van Vuuren Sales.

KEY BENEFITS FOR STAKEHOLDERS
? The report provides an extensive analysis of the current and emerging global automated turf harvesters market trends and dynamics.
? In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2018 and 2026.
? Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
? A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
? The global automated turf harvesters market forecast analysis from 2019 to 2026 in the report.
? The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the industry.
GLOBAL AUTOMATED TURF HARVESTERS MARKET SEGMENTS

By Product Type
• Roll Turf Harvesters
• Slab Turf Harvesters

By Application
• Residential
• Commercial
• Golf Courses
• Sports/Athletics

By Region
• North America
o U.S.
o Canada
• Europe
o Netherlands
o The UK
o Germany
o Rest of Europe
• Asia-Pacific
o Australia
o Rest of Asia-Pacific

Key Players
• FireFly Automatix, Inc.
• Kesmac Inc.
• KWMI Equipment
• MAGNUM ENP
• Trebro Manufacturing, Inc.
• Turf Tick Products B.V.
Read the full report: https://www.reportlinker.com/p05828813/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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