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Hilton Again Recognized as Leading Employer in Greater China

Prestigious Best Companies to Work For® accolade reaffirms Hilton's exceptional company culture SHANGHAI, Dec. 18, 2017 /PRNewswire/ -- Hilton (NYSE: HLT) announced today that it has been named one of Greater China's Best Companies to Work For® by global leading research and consulting firm, the Great Place to Work Institute®. This is the third consecutive year Hilton has received the award, which underscores the company's exceptional workplace culture, and once again sees Hilton as the highest ranked hospitality company. Hilton Again Recognized as Leading Employer in Greater China/Prestigious Best Companies to Work For(R) accolade reaffirms Hilton’s exceptional company culture With more than 400 hotels already open and under development in China, the company recently announced its ambition for 1,000 properties by 2025. Hilton is creating hundreds of thousands of new jobs in China, as it seeks to recruit and train the next generation of hospitality professionals.    "As a fast-growing business in China, we are committed to creating a great workplace and meaningful opportunities for our highly-valued Team Members," said Qian Jin, President, Greater China and Mongolia, Hilton. "It is our Team Members' hard work, passion and commitment that bring Hilton's achievements to life. We strive to provide a great working environment and career development for our Team Members to help them feel passionate and proud of their work." The Great Place to Work Institute® identifies and acknowledges the world's best workplaces through an employee survey and an in-depth questionnaire about company practices and programs. The selection process includes a Trust Index© Survey for employees and a Culture Audit© Management Questionnaire for senior management. Great Place to Work Institute® then uses its unique methodology to evaluate companies based on five dimensions: credibility, respect, fairness, pride and camaraderie. The 2017 survey reflects opinions from more than 217,000 employees from 145 transnational organizations in Greater China. Hilton places its Team Members at the heart of the business. By consistently seeking opportunities to support and invest in their development, Hilton aims to deliver great working environments, rewards and professional career paths as well as ongoing learning and development resources. For instance, Hilton offers industry-leading benefits and exclusive employee travel discounts. Furthermore, this year the company launched Thrive@Hilton, a new value proposition that creates space for inspiration, creativity and meaningful connections, in turn supporting a positive work-life balance. Hilton's best-in-class career opportunities are reflected in rising guest satisfaction. In 2017 alone, Hilton's superior customer service has received recognition with numerous prizes and awards. Earlier this year the company was ranked No.1 on the 2017 China Customer Satisfaction Index (C-CSI) and No.9 on Forbes's World's Top Regarded Companies 2017 list. For more details regarding the most recent accolade, visit 2017 Best Companies To Work For In Greater China. About Hilton Hilton (NYSE: HLT) is a leading global hospitality company, with a portfolio of 14 world-class brands comprising more than 5,100 properties with nearly 838,000 rooms in 103 countries and territories. Hilton is dedicated to fulfilling its mission to be the world's most hospitable company by delivering exceptional experiences – every hotel, every guest, every time. The company's portfolio includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton Honors. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose exactly how many Points to combine with money, an exclusive member discount that can't be found anywhere else and free standard Wi-Fi.  Visit newsroom.hilton.com for more information and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.  Photo - https://photos.prnasia.com/prnh/20171218/2017391-1

NetEase Reveals New Mobile and PC-Client Games Pipeline at 2017 Award Ceremony

BEIJING, Dec. 18, 2017 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES) ("NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced the unveiling of more than 20 new mobile and PC-client games, and showcased 11 hit titles at the NetEase Games 2017 Award Ceremony. Held on December 17, 2017 in Shanghai, the event celebrated NetEase's major achievements for the year, and provided attendees with an up-close, interactive first-look at the Company's upcoming pipeline of games. Over 1,000 guests and game enthusiasts flocked to the annual Award Ceremony, which featured a roadmap for updates and expansion packs for classic NetEase PC-client and mobile titles, as well as plans to release a number of brand-new self-developed and licensed games. Mobile games have become the predominant driving force in online games, making China the global market leader. As a pioneer in China's online gaming arena, NetEase has found itself at the forefront of this gaming boon with flagship PC-client titles that have spanned decades, along with newer sensational mobile games sweeping audiences both in China and internationally. During the event, NetEase highlighted Onmyoji, its self-developed blockbuster mobile game and discussed its 2018 plans to introduce a battle arena game based on Onmyoji IP in the coming months. NetEase is also expanding the Onmyoji's international presence, and expects to bring the game to the U.S. and Canada during the first quarter. Other popular mobile titles mentioned at the ceremony included NetEase's acclaimed self-developed strategy war game Invincible, and popular battle sandbox games Knives Out and Terminator 2: Judgment Day. Following their releases in early November, both games quickly gained favor with audiences around the world. To date, Knives Out has been recommended by Google Play Store in over 10 countries and has accumulated over 100 million registered users, and Terminator 2: Judgment Day has accumulated over 50 million registered users. NetEase also featured its global smash hit Rules of Survival at the event, which has been ranked as one of the most popular games on iOS platforms across more than 18 countries since its launch on November 14, 2017. Additional titles featured at the ceremony included 3D ACG Japanese-themed RPG Index, NetEase's flagship competitive casual game Super Smash Toys, SLG The Kingdoms and horizontal version fight technology mobile game Samsara of Soul. NetEase is building on its successful portfolio with plans to launch a number of new games in 2018. As part of its diversification strategy, NetEase continues to introduce licensed games across a variety of genres including games in the casual and light combat arenas that are capturing the imaginations of audiences all over the world. During the event, NetEase announced plans to introduce new titles that strengthen its portfolio such as licensed casual games The Room 3 and The Room: Old Sins (licensed from Fireproof Games) and the popular card game UNOTM (licensed from Mattel). Additionally, following last week's successful iOS App Store launch of free-to-play mobile MMO action game World of Tanks: Blitz (licensed from Wargaming), NetEase plans to introduce the game for Android users on December 21, 2017. Complementing its robust and growing catalogue of licensed games, NetEase announced that it will bring a series of exciting new self-developed mobile titles to its growing constituency of gamers, including casual, advanced casual, Role Playing Games (RPG), Simulation Games (SLG) and Asymmetrical Battle Arena (ABA) games. NetEase also announced plans to expand on its current genres by bringing players a number of new games in 2018 such as MMORPG Chu Liu Xiang and Alive, a 2.5D casual competitive sandbox mobile game, as well as ABA Identity 5. In addition to its mobile titles, NetEase maintains a prestigious portfolio of self-developed and licensed PC-client games, and is the exclusive operator in China of the globally acclaimed Minecraft. Now available on all platforms in China, Minecraft had accumulated nearly 30 million new registered users as of the end of October 2017. NetEase's classic self-developed legacy titles continue to resonate with experienced and new gamers. With timely updates and new game play, legacy titles such as Fantasy Westward Journey Online and Westward Journey Online II continue to be listed among China's most played games. During the event, NetEase also revealed a new trailer for the TV show based on Fantasy Westward Journey Online, as well as plans to release new expansion packs for both PC-client and mobile versions of Westward Journey Online II and Heroes of Tang Dynasty, as well as the mobile version of Demon Seals in January 2018. Other flagship PC-client titles honored at the ceremony included the ever-popular New Ghost, Tianxia III and Revelation, and the Company also announced plans for Justice (formerly named Open Range) to begin its second round of beta testing on January 19, 2018. As one of the leading developers in the online games market, NetEase continues to expand its diverse portfolio across a variety of genres to thrill its growing player community. Other new games discussed at the Award Ceremony included: Ancient Nocturne: Based in the time of the Tang Dynasty, gamers will hold their Daoist Amulet, open their Yinyang Eye, and prepare for an astonishing journey into the Yaoguai World. The first beta testing is scheduled to begin in January 2018. The Soul of Hunter: This hyper-reality 3D team-hunting mobile game forged by NetEase Games is set in the West during medieval times where humans are forced to live behind high walls while battling monsters that rule the world. The first open beta testing is planned to begin on December 22, 2017. QwQ: NetEase's brand new manga-based 5v5 PvP mobile game includes familiar legends and monsters that come to life as special heroes in a game riddled with amusing art and witty dialogue. Blade of War: This mobile RTS battle game takes place in a fantasyland with revolutionary line-free graphics, where players have diverse options to build unique army compositions to outsmart their enemies. "Innovation is the heart of our Company and we are delighted to celebrate our accomplishments and a growing community of gamers who embrace our offering," said Mr. William Ding, Chief Executive Officer and Director of NetEase. "Given NetEase's rich history as a premier online games developer and operator, we have been able to both create internally and obtain exclusive access to licenses from international powerhouses. This strategic combination has enabled us to bring China some of its most popular games, amassing one of China's leading mobile and PC-client game portfolios. As we introduce new games that strengthen our position, we are simultaneously growing our community and will continue to work to capture the imaginations of players across the globe." About NetEase, Inc. NetEase, Inc. (NASDAQ: NTES) is a leading internet technology company in China. Dedicated to providing online services centered around content, community, communication and commerce, NetEase develops and operates some of China's most popular PC-client and mobile games, advertising services, e-mail services and e-commerce platforms. In partnership with Blizzard Entertainment, Mojang AB (a Microsoft subsidiary) and other global game developers, NetEase also operates some of the most popular international online games in China. For more information, please visit: http://ir.netease.com/. Forward Looking Statements This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks related to: the risk that the share repurchase program will not increase shareholder value; and other risks outlined in NetEase's filings with the Securities and Exchange Commission. NetEase does not undertake any obligation to update this forward-­‐looking information, except as required under applicable law. Contact for Media and Investors: NetEase, Inc.ir@service.netease.com Tel: (+86) 571-8985-3378 Brandi Piacente Investor Relations brandi@corp.netease.com Tel: (+1) 212-481-2050 View original content:http://www.prnewswire.com/news-releases/netease-reveals-new-mobile-and-pc-client-games-pipeline-at-2017-award-ceremony-300572435.html

SORL Auto Parts Won Best Supplier Awards from Leading Truck OEMs in China

ZHEJIANG, China, Dec. 18, 2017 /PRNewswire/ -- SORL Auto Parts, Inc. (NASDAQ: SORL) ("SORL" or the "Company"), a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China, announced today it has recently won the Gold Award for "Best Supplier for Aftermarket Service" from Foton Motor Group ("Foton Motor") and the "2017 Excellent Production Services" from Shaanxi Heavy Duty Automobile Co, Ltd. ("Shaanxi Heavy Duty Auto"). In addition, SORL also won accolades from JAC, Beiben Heavy Duty Truck and Dongfeng Commercial Vehicle on its high-quality products. Mr. Xiaoping Zhang, SORL's Chairman and Chief Executive Officer, stated, "Our robust sales growth in recent years reflects our significant quality improvement and product innovations. We recently invited Foton Motor's senior management to visit us and showcased our full range of product offerings for the commercial vehicle market including electric air compressor, ECAS, automatic adjustment arm and many electronic control units. We look forward to winning more contracts from OEM and aftermarket customers with our ongoing product strategy." Headquartered in Xi'an, Shaanxi Province, Shaanxi Heavy Duty Auto manufactures on- and off-road vehicles, heavy-duty trucks, dump trucks, tractors, heavy truck axles, and steering axles. In first 10 months of 2017, Shaanxi Heavy Duty Auto sold approximately 149,000 heavy-duty trucks on a 91% year-over-year increase. Shaanxi Heavy Duty Auto is ranked No. 4 in China for total number of heavy-duty trucks sold.   Based in Beijing, Foton Motor manufactures trucks, buses, sport utility vehicles and agricultural machinery. Foton Motor is a subsidiary of BAIC Group ("Beijing Auto") and is ranked No. 5 in China for total number of heavy duty trucks sold. In the first 10 months of 2017, Foton Motor sold approximately 100,000 heavy duty trucks on a 60% year-over-year increase.  About SORL Auto Parts, Inc. As a global tier one supplier of brake and control systems to the commercial vehicle industry, SORL Auto Parts, Inc. is the market leader for commercial vehicles brake systems, such as trucks and buses in China. The Company distributes products both within China and internationally under the SORL trademark. SORL is listed among the top 100 auto component suppliers in China, with a product range that includes 65 categories with over 2000 specifications in brake systems and others. The Company has four authorized international sales centers in UAE, India, the United States and Europe. SORL is working to establish a broader global sales network. For more information, please visit http://www.sorl.cn. Safe Harbor Statement This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of forward-looking terminology such as "expects," "anticipates," "believes," "targets," "goals," "projects," "intends," "plans," "seeks," "estimates," "may," "will," "should" or similar expressions. For example, when the Company describes the evaluation of the preliminary non-binding proposal letter, it is using forward-looking statements. These forward-looking statements may also include statements about the Company's proposed discussions related to its business or growth strategy, which are subject to change. Such information is based upon expectations of the Company's management that were reasonable when made, but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond the Company's control and upon assumptions with respect to future business decisions, which are subject to change. The Company does not undertake to update the forward-looking statements contained in this press release. These risks and uncertainties may include, but are not limited to general political, economic and business conditions which may impact the demand for commercial vehicles or passenger vehicles in China and the other significant markets where the Company's products are sold, uncertainty regarding such political, economic and business conditions, trends in consumer debt levels and bad debt write-offs, general uncertainty related to possible recessions, natural disasters, the political stability of China and the impact of any of those events on demand for commercial or passenger vehicles, changes in consumer confidence, new product development and introduction, competitive products and pricing, seasonality, availability of alternative sources of supply in the case of the loss of any significant supplier or any supplier's inability to fulfill the Company's orders, cost of labor and raw materials, the loss of or curtailed sales to significant customers, the Company's dependence on key employees and officers, the ability to secure and protect trademarks, patents and other intellectual property rights, potential effects of competition in the Company's business, the dependency of the Company upon the normal operation of its sole manufacturing facility, potential effect of the economic and currency instability in China and countries to which the Company sold its products, the ability of the Company to successfully manage its expenses on a continuing basis, the continued availability to the Company of financing and credit on favorable terms, business disruptions, disease, general risks associated with doing business in China or other countries including, without limitation, foreign trade policies, import duties, tariffs, quotas, political and economic stability, and the other factors discussed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. For additional information regarding known material factors that could cause the Company's results to differ from its projected results, please see its filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov. Contact Information Phyllis Huang+86-151-6770-5972+86-577-6581-7721phyllis@sorl.com.cn Kevin Theiss Investor Relations Awaken Advisors 212-521-4050kevin.theiss@awakenlab.com View original content:http://www.prnewswire.com/news-releases/sorl-auto-parts-won-best-supplier-awards-from-leading-truck-oems-in-china-300572416.html

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Belt&Road

China to set up 50 bln yuan funds to support B&R projects in ASEAN

China will set up funds totaling 50 billion yuan (7.6 billion US dollars) to invest in Belt and Road projects in southern China's Guangxi Zhuang Autonomous Region and ASEAN countries. The funds will be established jointly by an investment arm of China's policy bank, the China Development Bank (CDB), and Guangxi Investment Group. The funds will be used to support infrastructure and industrial projects along the B&R, according to the CDB. Guangxi is an important border area that connects China with ASEAN countries and plays a key role in the construction of the B&R Initiative. Proposed by China in 2013, the B&R Initiative aims to build trade and infrastructure networks connecting Asia with Europe and Africa based on ancient land and maritime trade routes. Hong Qi, chairperson of China Minsheng Bank, estimates that infrastructure financing demand along the B&R will amount to 10 trillion US dollars in the next five years. Seeing opportunities in the booming demand, China's commercial and policy banks have been stepping up B&R related investments. Besides for setting up funds, the CDB also pledged more financial support to Guangxi through systems including loans and securities. The Export-Import Bank of China recently established a branch in Guangxi to help with local industrial upgrades and B&R related projects. (ASIA PACIFIC DAILY)

2017-12-18

B&R by the Numbers: Belt and Road projects need language talents

Editor’s Note: This is the eighteenth installment of Belt and Road Portal's special series on the Belt and Road Big Data Report 2017. Although foreign language service providers have significantly increased, the supply of talents fluent in less commonly used languages still falls short of the demand of the Belt and Road Initiative, according to the Belt and Road Big Data Report 2017 published by the State Information Center. The foreign language service industry in China produced an output of 282.2 billion yuan (US$43 billion) in 2015, up 79 percent from that of 2011. But more than 60 percent of the language service agencies are concentrated in Beijing, Shanghai and Guangdong province. The strongest demand comes from the science and technology sector, cultural industry, IT, commerce and trade, medical care and chemical industry, finance and government affairs. About 95 percent of these agencies provide English-Chinese and Chinese-English translation services, the second and third most popular foreign languages are Japanese and French. Only 2.6 percent of the agencies provide less commonly used language translation services, which directly hinders the Chinese enterprises’ cooperation in the relevant regions. Experts point out China not only lacks less commonly used language talents, who are usually concentrated in certain special units, but also requires people who in addition also have professional skills. The report suggests that China should initiate a language capacity construction project under the framework of the Belt and Road Initiative, make a special plan to cultivate more talents of less commonly used languages, establish think tanks and data bases on languages, and continue to promote the use of Chinese language in countries along the Belt and Road routes. Higher education institutes should pay special attention to cultivating multi-disciplinary language talents, as well as Chinese language teachers for foreigners, the report says. Also, China can consider founding a Belt and Road language service network platform and a language big data sharing alliance to explore the added-value service mechanism of language big data. Last but not least, China should strengthen international language exchanges and cooperation with the countries along the Belt and Road routes, take the lead to host a Belt and Road international language expo with relevant countries, and play up the roles of Confucius Institutes, according to the report. (BELT AND ROAD PORTAL)

2017-12-15