China to take away overseas funding restrict passenger automotive manufacturing

New cars for export await shipment at a seaport in Yantai, China, on September 7, 2021.

Feature China | Barcroft Media | Getty Images

BEIJING – Chinese authorities will allow full foreign ownership of car production in the country from January 1, 2022.

This is after a release Monday from the Ministry of Commerce and the National Development and Reform Commission, the country’s leading economic planning agency. The document was one of the government’s regular publications on industries prohibited from foreign investment.

The version 2021 published on Monday did not contain any car production. The 2020 edition of the list had promised the change would take place in 2022.

China has gradually lifted foreign ownership restrictions in its domestic auto industry.

However, Monday’s release still covered 31 areas where foreign investment is prohibited or restricted, including rare earths, film production and distribution, and tobacco products. In industries such as medical facilities, foreign companies have to set up joint ventures with local partners, who usually hold a majority stake.

Read more about electric vehicles from CNBC Pro

Children and Cash: Constancy youth funding app targets Gen-Z and past [Column] | Cash

When you ask teenagers to name their favorite shoe and apparel company, fast food restaurant, or cell phone retailer, brands like Nike, Chipotle, and T-Mobile are high on many lists.

But what is the favorite investment brand among teenagers? Loyalty wants to be the one.

This is a motive for the introduction of the new product “Youth Account” from Fidelity Investment. Jill Schlesinger previously mentioned the Fidelity Youth Account in her 31st column. Here’s a deeper look into the new product.

The Fidelity Youth Account is designed for teenagers between the ages of 13 and 17 and includes a mobile app with optimized money management functions and content for teenagers to save and invest in.

Fidelity has long promoted a wide variety of educational information for young investors on its website. And the investment giant has marketed its Roth IRAs and other investment products to a younger clientele. But the new youth account, launched after a test with families last month, is much more ambitious.

The Fidelity app can be used to trade stocks, exchange traded funds or mutual funds. The account comes with a debit card and can be linked to Venmo and PayPal apps for peer-to-peer payments.

To sign up, a teen only needs one parent with a Fidelity account who will keep an eye on their young investor (s) and be notified when a trade is placed or the debit card is swiped. But unlike other products on the market, parents cannot block transactions.

Teenagers have their own logins and passwords that parents cannot access. Likewise, teenagers cannot access their parents’ Fidelity account.

There are no trading commissions, no subscription fees, no account fees, no minimum investment requirements, and no domestic ATM fees.

The accounts enable fractional trading and give youngsters the opportunity to like less than a full share of stocks in popular companies. to buy Amazon.com and Microsoft, which are currently selling for hundreds or thousands of dollars.

How many children want to invest in the stock market? The stock market used to be a foreign land to high school children. But not anymore.

These standards make it imperative that parents and their young investors keep lines of communication open and talk about stock picking and other investment strategies.

Young investors flocked to the market during the pandemic, especially as Robinhood and other trading apps became the platforms of choice for buyers rocketing stocks of GameStop, AMC Entertainment, and other companies.

Fidelity has 26 million retail brokerage accounts, including many with teenagers. Investors opened 4.1 million new brokerage accounts in Fidelity in the last quarter, and 40% of those were opened by those under the age of 35.

Fidelity is promoting the Youth Account to teach teenagers about money management, setting investment goals for long term and other major financial education concepts. During the testing period, Fidelity said 90% of parents said they sat down with their teen and used the account as a classroom moment.

I am for anything that teaches teenagers how to use money responsibly, especially so many who don’t know much about the ways of Wall Street.

But make sure you’re comfortable with this wrinkle: when teenage investors turn 18, their teenage account will automatically switch to a Fidelity Standard Brokerage Account. So this product is more than just Investments 101, it is a bold move by Fidelity to build long-term customer relationships.

China Eases Restrictions On Overseas Funding In Leisure Venues

Foreign investors are now allowed to build entertainment venues in China without investment restrictions or local partners, according to new legislative changes.

This opens the doors for future wholly-owned foreign companies Cinemas in the largest film market in the world. It could also be big news for U.S. entertainment companies looking to run theme parks in the country. Previous rules required them to band together to form joint ventures with local companies, as did Disney did to open its lucrative Shanghai Disneyland theme park, and as Universal had to do for its near-completed theme park near Beijing.

The changes come from the Chinese State Council, the highest government body in the country, via a “change and repeal of certain administrative regulations” and were announced on Monday through the country’s Ministry of Culture and Tourism.

Previously, the regulations stipulated that foreign investors could only participate in business with event venues in which a Chinese party acted as the majority shareholder through joint ventures or cooperation with local partners. Now it simply says that “foreign investors can establish entertainment venues in China in accordance with the law.”

This change in wording seems to further formalize an earlier change in the law from 2019 that basically allowed foreign investors to own cinemas in full. The new wording also extends the directive to all entertainment venues, not just cinemas.

The latest development marks the final step in the slow opening of the exhibition sector to non-Chinese investors.

Before 2000, foreign investors were prohibited from investing in cinemas. The policy was relaxed from 2000 to 2003 when they were allowed to invest up to 49% equity in exhibition companies. This was followed by a trial period from 2004 to 2005, during which foreigners were allowed to invest up to 75% equity in seven pilot cities. However, this policy was abandoned and foreigners could not invest more than 49% again by 2019.

Despite the booming film market in China, investments in the country’s exhibition sector have so far proved unattractive to foreign actors, few of whom have dipped a toe in the water. The end of the 2004-05 experiment preceded the withdrawal of the Warner Brothers International Theaters from China, which had opened a handful of complexes.

Theaters that are wholly foreign-owned would still have to adhere to China’s strict censorship rules and would not be able to show content without prior approval from government agencies.

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Luceo Sports activities searching for $5 million funding for growth

Team LeBron head coach Quin Snyder trains during the 70th NBA All Star game as part of the NBA All Star Weekend 2021 on March 7, 2021 at State Farm Arena in Atlanta, Georgia.

Jesse D. Garrabrant | National Basketball Association | Getty Images

Luceo Sports, a software company that digitizes and animates sports betting, is looking for investors to expand its business. The company is based in Arizona and has already entered into agreements with professional basketball clubs that use the product.

In an interview with CNBC, Andy Graham, Founder and CEO of Luceosaid he’s looking for about $ 5 million to invest in sales and marketing. With Luceo’s software, teams can insert their game books and terminology and then convert drawings into motion graphics.

“It makes it a game animation so you get that sequence and timing instead of just a picture,” said Graham.

He added Luceo could help younger athletes learn game books faster, and teams could also distribute them to newly acquired players. For example, if a National Basketball Association team makes a mid-season deal, a team using Luceo can quickly create a login and give the player access to digital game books.

“We are focused on the educational aspect of the game,” said Graham. “And we remember that trainers are teachers and try to teach them good educational technology so they can create explanations to reach today’s digital learners.”

The Rosetta Stone of Sport

37-year-old Graham started Luceo in 2016 after spending time with data analytics company Synergy Sports and software company FastModel, which also makes money digitizing pro playbooks. He left FastModel in 2014 after discovering a niche in the market.

“I realized how much technology had advanced in those years (at FastModel) and I wanted to be a part of it all,” said Graham. “Ed-tech, a market that has exploded in the last few decades, and sports at all levels are just a learning and development activity.”

Luceo is a software-as-a-service company, and the company makes money on subscription, ancillary service, and transaction fees. Subscriptions are only $ 2 per month for users, while the premium Professional package is $ 15 per month. The Program has an appHowever, registrations are only possible via the website in order to avoid the fees Apple takes away from digital subscriptions.

When asked about subscribers, Graham declined to give details, but added that there are around 150,000 people in the company’s “ecosystem”. Hence people who know Luceo and have access to him. The company has agreements with 11 NBA clubs, including the Utah Jazz and three college teams.

Graham also did not disclose any income. He said pro clubs usually sign annual contracts and Luceo targets everyday consumers with subscription pricing. The plan is to attract Generation Z users (ages 6 to 24) and their parents as this population group grows up in a more digitized learning environment. One of the features Graham highlighted is a playoff within the program. The activity allows athletes to use a team’s playbook to practice what to do in critical game situations.

Graham called Luceo the Rosetta Stone – popular language learning software – of sport.

“The most comprehensive digital learning platform for sport,” he said. “The more children feel that they understand the sport, or that fans understand it, or parents, the more likely they are to get involved.”

Targeting the NFL

While at Synergy, Graham said he had improved his product design and business development skills, adding that the insight “is fundamental to what I think of now”. The lessons will be essential to Luceo as the competition is fierce. According to Grand View ResearchThe Ed Tech market is projected to reach $ 377 billion by 2028. Here, too, FastModel is a competitor and is already used by numerous basketball scouts.

The National Football League could support Luceo’s future growth. With its software, Luceo positions itself as a target group for professional football clubs and is currently working on digitized and animated football match books. Graham said he would start small and pursue high schools and college programs first.

Andrew Graham, Luceo Sports

Source: Luceo Sports

“That’s where we go,” said Graham when he finally chased the NFL business.

Luceo is gaining ground in sports and has done it featured on NBATV. Sacramento Kings deputy head coach Alvin Gentry is also a supporter of the software. To take the next step, Graham needs to convince investors of Luceo’s potential. It won’t be easy, but Graham says it’s part of the “fun challenge” of running a business.

When asked to provide a brief overview of Luceo, Graham said, “I’ve already built a business that teams in the NBA and NCAA use twice. (Luceo) started small and has been up to for the past five years grown to that point, “he added. “But I have faith in the needs of the market. I know how this business works.”

CooTek Additional Expands Its Pan-entertainment Content material Ecology By means of Strategic Funding in Gaming Trade

SHANGHAI, May 11, 2021 / PRNewswire / – CooTek (Cayman) Inc. (NYSE: CTK) (“CooTek” or the “Company”), a rapidly growing global mobile Internet company, announced its recent investment in Shanghai Lejiu Network Technology Co., Ltd. (“Lejiu”), a mobile game studio that makes creative boutique mobile games. With this investment, CooTek has further expanded its collaboration with external corporate partners in the mobile game industry and expanded the ecology for entertainment content.

“We have seen great success in Lejius ‘experience in the mobile game industry. Several industry veterans have demonstrated their creativity and determination in developing and producing boutique mobile games with storylines. In terms of business prospects, Lejius’ team has shown exceptional innovation in designing plots. This partnership will bring positive synergy with CooTek’s online literature platform. This strategic integration will increase user stickiness on the platform and attract a wide variety of content creators to unleash their talents in creating more diverse IP content. ” a statement from CooTek.

As a form of entertainment, mobile games, with their outstanding performance, are an integral part of CooTek’s content ecology strategy. CooTek will continue to research boutique mobile games with high quality content to update its platform and form a matrix for mobile games. In the meantime, CooTek will leverage its extensive content library to offer unique mobile game types that are attracting users in the gaming industry. CooTek will further explore the synergy between boutique mobile games and online literature.

CooTek takes this opportunity with Lejiu to demonstrate its ambitions in its future strategic development goals for mobile games. The company said, “CooTek plans to invest in more boutique mobile games and empower high-quality corporate mobile game partners to help more such teams achieve their dreams. This will allow mobile game developers to be in the spotlight and achieve great success.” In the industry, app users can access more fun mobile games through CooTek’s built-in services, which cover the issuance, distribution and co-operation of mobile games. “

About CooTek (Cayman) Inc.

CooTek is a fast growing mobile internet company with a global vision providing mobile applications. Our mission is to empower everyone to seamlessly enjoy relevant content. The company’s user-centric and data-driven approach has enabled it to publish engaging products to capture the ever-evolving content needs of mobile internet users and it helps attract targeted users quickly. CooTek has developed and launched content-rich mobile applications that focus on three categories: online literature, scenario-based content apps and casual games. For details please visit: https://ir.cootek.com/.

For investor inquiries, please contact:

CooTek (Cayman) Inc.
Mr. Robert Yi Cui
E-mail: [email protected]

ICA (Institutional Capital Advisory)
Mr. Kevin Yang
Phone: + 86-21-8028-6033
E-mail: [email protected]

SOURCE CooTek (Cayman) Inc.

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Philippines targets international funding with Singapore-style tax legislation

A new Singapore-inspired tax bill will lower corporate taxes and boost foreign investment in the Philippines, Treasury Secretary Carlos Dominguez told CNBC as the country seeks to accelerate its economic recovery.

The Philippines’s so-called Business Recovery and Business Tax Incentives Act (CREATE), which came into force last month, aims to provide financial relief to businesses in need while increasing the country’s competitiveness in the region, he told CNBC on Tuesday.

The law lowers the corporate tax rate – formerly the at 30% the highest among the Southeast Asian countries – up to 25% for large companies and 20% for small companies.

It also unifies the government’s inbound investment program, bringing it closer to financial centers like Singapore, and giving the president more powers to give non-tax incentives to businesses, Dominguez said.

“We have modeled our program on the Singaporean system,” he said, referring to his coordinated strategy of attracting foreign investment and creating incentives.

“In the past we had 13 independent investment promotion agencies in the country that were poorly coordinated,” he continued.

People wearing protective masks are seen walking on a busy street in Manila, Philippines on March 20, 2021.

Xinhua News Agency | Getty Images

“Now we’re coordinating them and making sure these agencies offer incentives that are transparent, time-bound, performance-driven and that attract the investments we actually want in this country.”

The reduced corporate tax is the latest in a series of tax reforms introduced by President Rodrigo Dutertes PDP Laban Party since taking office in 2016.

The finance secretary said the plans would return cash to distressed small and medium-sized businesses, which can then invest in jobs and economic growth again. However, critics have questioned the merits of reducing already stressed public finances as the country battles the coronavirus pandemic.

“We estimate the portion we are giving up will be around 1 trillion pesos ($ 20.65 billion) over a 10-year period. However, we believe this is a time to do so,” Dominguez said.

Businesses need fiscal incentives, number one. Second, that it will attract more investment into our country over a long period of time

Carlos Dominguez

Minister of Finance of the Philippine Government

“Companies need fiscal incentives, number one. And second, that they will attract more investment into our country over a long period of time,” he said.

The Philippines have so far retained its BBB credit rating from Fitch Ratings, BAA2 from Moody’sand BBB + from Japan Agency for rating and investment information (R&I). This is despite the global downturn and its disproportionate impact on emerging markets.

“Not just the rating agencies, but the people who actually put their money where their mouth is, have invested in the long-term profitability and prospects of the Philippines,” he said, citing the strong bond trading activity.

The Finance Secretary’s comments come as the Philippines faces a surge in cases in its capital, Manila. Dominguez said the country’s resources are currently “sufficient” to handle the surge, adding that by the end of this year it had ordered enough vaccines to vaccinate its 70 million adult population.

“This Covid contagion is just a slip-up in our history. We still have our solid fundamentals, which represent our very strong fiscal and monetary system in the Philippines,” said Dominguez.

“We have a very young and talented workforce and so far we have improved the infrastructure. So this CREATE (law) will only add to our ability to attract more investment into this country.”

Did You Lose Cash on Your Funding? Contact Johnson Fistel Relating to Investigation

Bloomberg

Dealer arrested as WallStreetBets phenomenon hits Japan

(Bloomberg) – An individual investor buys shares in a small business, promotes their position on social media, and inspires a horde of followers to do the same. The share price goes to the moon – before falling back to earth. It’s an all-too-familiar story to anyone watching the market in 2021, but this wasn’t GameStop Corp. It wasn’t even in America. And it happened in 2018. It was in the Japanese city of Osaka that a day trader known by the nickname Tonpin hit a tiny precision tool and mold maker called Nichidai Corp. and posted this on Twitter, where he has more than 55,000 followers. The stock rose more than six-fold in the first three months of 2018 before losing most of its profits. The person behind the nickname was Toru Yamada, a former money manager, and he and another man were just arrested for market manipulation, according to Japanese media reports. He was arrested not for bringing up the stock on Twitter, but rather on suspicion of keeping the stock price low – although that would have lifted restrictions on margin trading, causing stocks to hit new highs in the incident shows how regulators sift through unusual trading patterns and often come to conclusions years later. This could pique the interest of protagonists and observers of the recent meme stock rally in the US, such as users of the Reddit forum WallStreetBets.Yamada, which has not yet been charged and it is not clear whether it will. And while no one is suggesting that U.S. traders use tactics similar to the ones they allegedly used, the case shows the risks that can be involved in becoming a high profile social media investor. While you’re in the public spotlight, you may also be caught in the crosshairs of regulators: “Everyone will be on their toes,” said Taketsugu Agari, the investor known as Takezo on Twitter, where he has nearly 100,000 followers. “People don’t know what’s right and what’s wrong,” he said. “People don’t know the rules.” Calls and direct Twitter messages to Yamada went unanswered. The Osaka District Procuratorate declined to comment. The Securities and Exchange Surveillance Commission, Japan’s market observer, was not immediately available for comment. According to local media reports, the prosecution did not make it clear whether the men had approved or denied the charges. A regulatory filing shows that Yamada’s first disclosed purchase of Nichidai shares was on December 8, 2017 and he was gradually increasing his stake. When he first tweeted about it on February 1 of the next year, stocks had nearly tripled. In March of this year, Yamada and another man placed a large number of sell orders below market price reports shortly before the close of trading, according to media reports. Their intent was to keep the stock price below a certain level to ensure that restrictions on new margin trading on the stock were lifted, the reports said. The stock was exempt from the measures and rose up to 18% on March 12 on its next trade. In a tweet on March 10, Yamada appeared to be discussing this process, showing screenshots of Nichidai trades just before the close of trading, although this is unclear aside from his arrest, Yamada has had a lot of arguments on Twitter over the years over his discussions about his investments. “The authorities need to put some regulations in place,” said Soichiro Iwamoto, a longtime trader whose company gives new advice to investors, said in an interview about the practice of talking stocks on social media. “The investors here don’t have enough financial knowledge.” Others wondered what exactly Yamada had done wrong. “It is amazing that selling to lift margin restrictions is being treated as market manipulation,” Akira Katayama, a busy day trader named Gogatsu, wrote after his arrest. Japanese retail investors have advocated the country’s thousands of thinly traded stocks online for more than a decade, starting with the bulletin boards popular in the mid to late 2000s before moving to Twitter, the dominant platform in recent years. Locust Lords “are known to attract a swarm of day traders. Yamada was the last of the Lords to fall silent in June when he said he was taking a break from Twitter after his account was briefly suspended. Okansanman, an anonymous account with 175,000+ followers and known for its quick delivery of Breaking News, went dark in early 2019 and has not re-emerged. Mysterious Twitter user Drawing a Swarm of Japan TradersYamada worked for two Chinese state funds before starting day trading in Japan in 2013, he told Bloomberg News last year. He shared the opinion on Twitter even before his arrest with devoted followers who copied his deals and others who accused him of being a manipulator, and used his influence to pump up stocks before they were dumped. “When a lot of Japanese lose, they want to blame it on someone else,” he said last year, wiping off his critics. Followers may have to wait to learn of Yamada’s fate. Under Japanese law, he can be held for up to 23 days before charges are brought. Meanwhile, many of his colleagues in the country who enjoy discussing stocks are moving from Twitter to other places, including encrypted messaging apps like Line and new platforms like Clubhouse, according to investor Agari. That makes it harder for regulators to monitor, he said. Read More: GameStop Frenzy Is Lost In Translation For Japan’s Day Dealers. If the Japanese experience matters, regulatory action may be a long time coming, if it happens at all. “This has been so for over a decade, since people have used bulletin boards,” Agari said, referring to retail investors talking about stocks online. “America is starting to look like Japan.” (Updates with more details) For more articles like this, visit bloomberg.com. Sign up now to keep up with the most trusted business news source. © 2021 Bloomberg LP

Man sentenced for live performance funding scheme | Ap-entertainment

ORLANDO, Florida (AP) – A Florida man was sentenced to four years and nine months in prison Monday for participating in a multi-million dollar concert investment program.

Edison Denizard, 41, from Orlando, was convicted in federal court in Orlando, according to court records. He pleaded guilty to conspiracy to commit wire fraud in October. In addition to jail time, Denizard must lose his lakefront home and repay nearly $ 1.7 million.

According to court documents, Denizard and co-conspirator Andres Fernandez raised millions of dollars from dozens of victims between March 2016 and June 2017. The victims believed they were investing in events by top artists such as Drake, Garth Brooks, Pitbull and The Weeknd and Maná. But Denizard and Fernandez were not involved in most of the events, officials said.

Denizard used most of the funds he received from investors to pay fraudulent investment returns to previous investors and for his own personal use, investigators said. The victims lost at least $ 7.4 million, according to prosecutors.

Fernandez was sentenced to 10 years in prison last year after pleading guilty to 12 wire fraud cases.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

The cash behind psychological well being: How the pandemic elevated innovation, funding in behavioral well being care

Anfang dieses Monats markierte Modern Health einen Meilenstein, den nur wenige Unternehmen jemals erreicht haben: den Status eines Einhorns.

Mit Hilfe seiner letzten Finanzierungsrunde in Höhe von 74 Millionen US-Dollar hat das Startup, das Arbeitgebern als Plattform für Leistungen im Bereich der psychischen Gesundheit dient, eine Bewertung von 1 Milliarde US-Dollar erreicht. Das Unternehmen hat insgesamt 170 Millionen US-Dollar gesammelt und zählt Unternehmen wie Pixar, Zendesk und Clif Bar zu seinen Kunden.

Und während Modern Health bereits vor der Pandemie auf großes Interesse stieß, sagte CEO Alyson Watson, dass ihr Unternehmen zu denjenigen im Bereich der Verhaltensgesundheit gehört, die nach COVID-19 nur eine seismische Verschiebung in der Branche gesehen haben . Allein im ersten Halbjahr 2020 erzielten Startups für digitale Verhaltensgesundheit 588 Millionen US-Dollar, was ungefähr der jährlichen Finanzierung für dieses Segment in einem früheren Jahr entspricht. Rock Health schrieb in einem Bericht letztes Jahr.

“Größer als nur das Wachstum ist die Änderung der Denkweise, die in der Gesellschaft stattgefunden hat. Es gibt jetzt eine viszerale Reaktion auf die psychische Gesundheit”, sagte Watson gegenüber Fierce Healthcare über die Erfahrungen ihres Unternehmens auf dem Markt. “Diese Pandemie und alles andere, was auf der Welt passiert ist, hat gleiche Wettbewerbsbedingungen geschaffen, so dass – obwohl nicht jeder mit der gleichen Sache zu tun hat – die Fähigkeit besteht, sich einzufühlen, dass jeder kämpft oder in irgendeiner Form kämpft. Vor der Pandemie war das nicht so. “

Alyson Watson (Moderne Gesundheit)

Dies führt zu einigen echten Veränderungen in der Branche, einschließlich eines Anstiegs der Investitionen, der in den kommenden Jahren zu spüren sein wird. Hier sehen Sie vier dieser Änderungen.

1. Das Stigma hat stark abgenommen

Im vergangenen Jahr gab es bei Anbietern, die einen Anstieg der oft als “Krankheiten der Verzweiflung” bezeichneten Krankheiten wie Angstzustände oder Depressionen verzeichneten, zunehmend Alarm.

VERBUNDEN: Das Startup Modern Health für psychische Gesundheit im Wert von 1,17 Mrd. USD nach der Finanzierungsrunde der Serie D.

“Wir sind seit einiger Zeit sehr besorgt darüber, dass die Auswirkungen auf die Verhaltensgesundheit tatsächlich eine dritte Welle der Pandemie darstellen”, sagte Matthew Hurford, MD, Präsident und CEO der Community Care Behavioral Health Organization von UPMC und Experte für Verhaltensgesundheit.

“Die erste Welle war offensichtlich der enorme Tribut, den das Virus selbst forderte. Und dann mit der Abschaltung und den tiefgreifenden Auswirkungen auf die Wirtschaft, den wirtschaftlichen Auswirkungen, die damit durch Arbeitslosigkeit und all die finanziellen Schwierigkeiten verbunden waren, die sich daraus ergeben”, sagte Hurford gegenüber Fierce Gesundheitspflege. “Jetzt beginnen wir bereits im Sommer letzten Jahres zu sehen, worüber wir uns Sorgen machten: die Auswirkungen all dieser Kräfte auf die Verhaltensgesundheit zusammen.”

Die Pandemie war ein perfekter Sturm, da sie für den Einzelnen stressig war und ihnen gleichzeitig viele ihrer Bewältigungsmechanismen wie soziale Unterstützung entzogen hat, sagte Hurford.

Aber es hat einen Silberstreifen gegeben.

“Eines der aufkommenden Themen ist, dass mit einem größeren Bewusstsein für die Verhaltensgesundheit und den Auswirkungen von Dingen wie einer globalen Pandemie auf die Verhaltensgesundheit eine stärkere Aufdeckung, größere Empfehlungen und eine Verringerung der Stigmatisierung einhergehen”, sagte Hurford. “Wir müssen erkennen, dass dies tatsächlich eine gesunde Spannung ist, die im Laufe der Zeit zu größeren Investitionen in das verhaltensbezogene Gesundheitssystem führen wird. Sie wird Innovationen vorantreiben, um Wege zur Skalierung zu finden.”

Vin Phan, Partner und nationaler Praxisleiter für die Beratung von Transaktionen im Gesundheitswesen bei der Beratungsfirma BDO, hat dies aus finanzieller Sicht gesehen. Schon vor der Pandemie war der Bereich Verhaltensgesundheit ein ziemlich heißer Sektor mit Private-Equity-Investitionen, sagte Phan gegenüber Fierce Healthcare.

“Infolge der Pandemie hat der Verhaltensgesundheitssektor meiner Meinung nach angesichts der gestiegenen Nachfrage nach Amerikanern, die von zu Hause aus arbeiten, profitiert. Da die gewohnte soziale Interaktion fehlt, müssen Kinder aus der Ferne lernen”, sagte Phan. der im Januar einen Bericht veröffentlicht hat über die Chancen und Herausforderungen von Investitionen in den Sektor. “Das erhöht die Nachfrage nach verhaltensbezogenen Gesundheitsdiensten.”

In den letzten 12 bis 18 Monaten sei sein Team an mehr als 25 Transaktionen im Bereich der Verhaltensgesundheit beteiligt gewesen, vor allem im Bereich Autismus und Suchtbehandlung. Behavioral Health-Unternehmen erzielen bei Fusions- und Übernahmeverträgen gesunde Renditen.

VERBUNDEN: Die Nachfrage nach virtueller psychiatrischer Versorgung steigt. Hier finden Sie wichtige Trends, wer es verwendet und warum

“Private Equity zahlt vielen dieser Unternehmen, die sie kaufen, ein ziemlich gesundes Vielfaches”, sagte Phan. “Wir haben mit Private-Equity-Unternehmen zusammengearbeitet, die das Zehnfache der Einnahmen dieser kleineren Unternehmen zahlen. Ihr Ziel ist es jedoch, diese Dinge zusammenzufassen und einen großen Player zu schaffen, der die Gesamtkosten für die Bereitstellung dieser Dinge und die Steigerung der Rentabilität übernimmt Sie können das 10-fache des Gewinns nehmen und einen Börsengang durchführen oder verkaufen oder einen Exit mit dem 20-fachen des Gewinns des Kaufpreises durchführen. “

2. Die Branche wird bei Daten immer besser

Corbin Petro (Eleanor Gesundheit)

Wenn Corbin Petro davon spricht, evidenzbasierte Pflege zu befolgen, liegt dies daran, dass dies immer noch ein wesentliches Unterscheidungsmerkmal in ihrem Industriesegment ist. Der CEO von Eleanor, einem Startup für Suchtbehandlung, sagte, das Unternehmen verfolge einen Ansatz zur Schadensminderung bei Substanzstörungen, anstatt die Abstinenz von Patienten zu fordern.

“Die Behandlungslandschaft für psychische Gesundheit, Verhaltensgesundheit und Substanzstörungen war nicht sehr evidenzbasiert. Sie war nicht sehr datengesteuert”, sagte Petro. “Wir sind nicht abstinenzbasiert, weil die Beweise uns sagen, dass wir es nicht sein sollten. Wir steuern unsere Ergebnisse auf das, was für die Menschen wirklich wichtig ist.”

Das Interesse von Zahlern und Arbeitgebern, Daten über klinische Ergebnisse und Kosteneinsparungen anstelle von Einzelfällen zu suchen, wächst. Mit anderen Worten, sie möchten wissen, wie sich die Investition in die Verhaltensgesundheit rentiert.

Eleanor hat daran gearbeitet, diesen Wertnachweis durch wertorientierte Pflegepartnerschaften mit Kostenträgern zu erbringen. Um die Ergebnisse zu verfolgen, verwendet Eleanor klinisch validierte Fragebögen, die das Ausmaß von Angstzuständen und Depressionen messen, sowie HEDIS-Maßnahmen und soziale Determinanten der Gesundheit. Das Unternehmen verfolgt auch die Patientenbindung und -bindung sowie die Reduzierung der Gesamtkosten für die Versorgung anhand der Notaufnahme und der stationären Inanspruchnahme als Frühindikatoren.

“Diese Ergebnisse zu verfolgen und uns selbst zur Rechenschaft zu ziehen, ist das, was wir in diesem Segment des Gesundheitswesens neu machen”, sagte Petro.

Modern Health, das sich selbst als einzigartige Plattform für Mitarbeiter bezeichnet, die jederzeit für psychische Gesundheitsbedürfnisse zur Verfügung stehen, hat klinisch validierte Fragebögen sowie Patientenbindungswerte verwendet.

Aber es gibt eine wachsende Anerkennung innerhalb der Branche, dass es bessere Wege braucht, um die Ergebnisse zu verfolgen, sagte Watson. Es gibt keine Röntgen- oder Blutuntersuchung, die als endgültige Diagnose dienen könnte – Spezialisten für Verhaltensgesundheit verlassen sich immer noch weitgehend auf selbst gemeldete Informationen, um sie verfolgen zu können.

Neue Forschungsergebnisse zeigen, dass Technologien wie das Betrachten von Textnachrichten, die Nutzung sozialer Medien und die Zeiten, zu denen sich Menschen anmelden, als Indikatoren für den psychischen Gesundheitszustand einer Person dienen können. Aber das hat immer noch große Einschränkungen, sagte Watson. Zum Beispiel sagte sie: “Während einige mit Technologie vertraut sind, die alles aufzeichnet, was wir auf unseren Telefonen tun, und uns sagen, was wir tun, fühlen sich andere immer noch unwohl damit.”

3. Vorschriften haben es einfacher gemacht

Fast über Nacht sprang das Gesundheitswesen in Bezug auf die Nutzung von Telegesundheitsplattformen fast ein Jahrzehnt vorwärts.

Dies war nicht nur auf die Notwendigkeit zurückzuführen, die durch Bestellungen zu Hause verursacht wurde, sondern auch auf Änderungen in den Centers for Medicare & Medicaid Services, die es den Anbietern ermöglichten, die Erstattung von Telegesundheitsdiensten zu verbessern. “Viele unserer Kunden und Zielgruppen konnten diese Telemedizin-Plattformen nutzen, um ihre Patienten zu versorgen. Aus diesem Grund stieg ihr Volumen weiter an”, sagte Phan.

Eine weitere der größten Veränderungen war der Rückzug des Ryan Haight Act, der es Anbietern von psychischer Gesundheit ermöglichte, Medikamente während eines ersten Besuchs virtuell zu verschreiben, wenn sie zuvor persönlich gesehen werden mussten, sagte Petro. Das System “wirft einen genauen Blick auf einige der bestehenden Vorschriften: Die Ausnahmeregelungen, das Gesetz von Ryan Haight und andere Dinge wurzeln wirklich im Stigma”, sagte Petro.

Phan sagte, dass es auch Optimismus bezüglich der neuen Präsidialverwaltung gibt, wenn es um Erstattung und Zugang in diesem Sektor geht. Präsident Joe Biden sowie die von ihm angeworbenen Beamten, die zuvor Teil der Obama-Regierung waren, haben in der Vergangenheit auf eine Ausweitung der Versorgung gedrängt, und die psychiatrische Versorgung könnte davon profitieren, sagte Phan.

4. Die Arbeitgeber nehmen es ernst

Nach Watsons Erfahrung erzielten Unternehmen, die Produkte für die Verhaltensgesundheit verkauften, früher mehr Erfolg beim Arbeitgeber-Buy-In, wenn sie ihre Produkte als “Wellness-Angebote” bezeichneten, da viele Unternehmen noch vor einigen Jahren vor einem Nutzen für die psychische Gesundheit zurückscheuten.

Jetzt, sagte sie, fordern sie speziell robustere Produkte für die psychische Gesundheit.

Die Verschiebung des Gesprächs über psychische Gesundheit begann wirklich im Jahr 2018 mit dem hochkarätigen Tod von Starkoch Anthony Bourdain und der berühmten Modedesignerin Kate Spade durch Selbstmord, sagte Watson.

“Viele Leute sprachen darüber, wie diese Leute, die in den Augen der Gesellschaft sehr erfolgreich waren und ehrlich gesagt, niemand wirklich wusste, dass sie Probleme hatten, und sagten ‘Wie konnte das passieren?'”, Sagte Watson. “Jetzt haben Sie berühmte Athleten, die anfangen zu sprechen und sagen: ‘Ich bin ein erfolgreicher Athlet, aber ich kämpfe mit Depressionen’, richtig? Michael Phelps. Kevin Love. Die NFL. NHL. … Das hat diese geistige Gesundheit fast geschaffen Bewegung, in der die Leute sagten ‘Warte eine Sekunde. Psychische Gesundheit wirkt sich auf alle aus.’ “

Traditionelle gesundheitliche Vorteile durch traditionelle Träger sind jedoch häufig nicht mit soliden Netzwerken von Therapeuten verbunden, da ihre Erstattungssätze häufig niedrig sind, während viele Personen bereit sind, viel mehr aus eigener Tasche für die Pflege zu bezahlen. Viele Anbieter verzichten auf die Teilnahme an Versicherernetzwerken, was es für diejenigen, die auf ihre Krankenversicherung angewiesen sind, schwierig macht, rechtzeitig auf die Versorgung zuzugreifen, sagte Watson. In der Zwischenzeit haben traditionelle Mitarbeiterhilfsprogramme (EAPs) häufig eine Nummer von 1 bis 800 und eine schreckliche Benutzererfahrung, die eine Person dazu zurückführen kann, ihre medizinische Versorgung für den Zugang zur Pflege zu nutzen, sagte sie.

Mit dem abnehmenden Stigma, das bereits aufgetreten ist, und dem Stress der Pandemie fühlen sich mehr Mitarbeiter wohl genug, um nach besseren Optionen für die psychische Gesundheit zu fragen, sagte Watson.

VERBUNDEN: Startups für digitale Verhaltensgesundheit erzielten im Rahmen einer COVID-19-Pandemie Mittel in Höhe von 588 Mio. USD

“Selbst im Jahr 2020 mit psychischer Gesundheit sahen wir Wachstum und psychische Gesundheit war sicherlich eine Priorität für alle Arbeitgeber geworden”, sagte Watson. “Aber ich denke, wenn wir in diesem Jahr etwas gesehen haben, ist es wirklich die vierte Säule der Leistungen für jeden Arbeitgeber da draußen. Jeder hat medizinische, zahnmedizinische und Sehkraft. Die psychische Gesundheit ist jetzt wirklich die vierte Säule der Leistungen geworden.” für alle Arbeitgeber. “

Caesars Leisure, Inc. Publicizes Strategic Funding in SuperDraft Every day Fantasy

Reno, Nev. and LAS VEGAS, January 25, 2021 / PRNewswire / – Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars” or “CZR”) today announced a strategic investment in the daily fantasy sports platform SuperDraft, Inc. (www.superdraft.io). The investment complements Caesars’s strong mobile sports and gaming network with an innovative fantasy sports platform that further strengthens the customer acquisition and retention pipeline for both online and stationary customers.

** Check out the sizzling video HERE** **.

Caesars Entertainment, Inc. today announced a strategic investment in the daily fantasy sports platform SuperDraft, Inc.

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With the investment, Caesars will take an initial minority stake with the option to increase its stake by up to 100% over time to a predetermined level. The partnership positions SuperDraft as an exciting new option and dominant force in the everyday fantasy sports industry.

“The addition of daily fantasy sports fits in seamlessly with our strategic vision for mobile and online sports,” he said Tom Reeg, CEO of Caesars Entertainment, Inc. “SuperDraft’s innovative multiplier game mode is unique in the market and, in our opinion, offers a tremendous opportunity to strengthen our position in the sports gaming landscape.”

Active in seven professional sports in more than 35 states, SuperDraft features a unique game mode that attracts casual fans as well as experienced players. The multiplier mode replaces the traditional wage cap for fantasy teams with a multiplier that is applied to each player. This allows maximum flexibility in team building and creates more opportunities for everyone to win.

As part of the investment, SuperDraft will join the Caesars online brands, the World Series of Poker, Caesars Online Casino and upon completion of the acquisition. William Hill, as part of a whole range of mobile and online gaming channels.

“We are very excited to be part of Caesars’ powerful gaming ecosystem,” he said Steve Wang |, CEO & Founder of SuperDraft Inc. “Daily fantasy gamers deserve a breath of fresh air, and we are here to change the industry. SuperDraft is now well positioned to accelerate its growth with financial staying power while remaining consumer-friendly.” through larger competitions to boost and better rewards for players of all interest levels. “

At the start of the partnership, SuperDraft will launch its first $ 1 million Tournament on February 7th – the SuperMillion Big Game competition. Starting today, opportunities for both paid and free entry competitions will be offered daily to give everyone the chance to win a ticket and compete for it $ 300,000 1st place price. Additionally two $ 100,000 Competitions with $ 20,000 First place prizes are given out on Big Game Day to bring something to everyday fantasy players of all paperbacks.

SuperDraft becomes part of Caesars’ single wallet solution that gives members more options to play online and in person. It is expected to be tied to the industry-leading Caesars Rewards program, which allows players to redeem credits that can be redeemed for rewards and experiences online or at any of the Caesars Casino resorts across the country.

“Caesars is a strong strategic partner that will enable us to further enhance our industry-leading tech stack and provide an enhanced player experience,” he said Nate Hunter, SuperDraft CTO and Co-Founder. “Now SuperDraft can adapt to the market faster than the institutional daily fantasy providers, offering our players unmatched prices, loyalty rewards and exclusive VIP opportunities.”

For more information visit: www.caesars.com/superdraft

About Caesars Entertainment, Inc.

Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino entertainment company in the United States and one of the world’s most diversified casino entertainment providers. Since its inception in Reno, NevadaCaesars Entertainment grew in 1937 through the development of new resorts, expansions and acquisitions. Caesars Entertainment’s resorts operate primarily under the brand names Caesars®, Harrah’s®, Horseshoe® and Eldorado®. Caesars Entertainment offers a variety of amenities and unique destinations, with an emphasis on creating loyalty and value for its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars Entertainment is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. For more information, please visit www.caesars.com/corporate.

About SuperDraft, Inc.

SuperDraft, Inc. is based in New Hampshire You can play fantasy games daily in the United States using the SuperDraft DFS app, available on iOS, Android, web, and desktop. The company has developed several unique game modes and features that appeal to both casual and hardcore sports fans and fantasy gamers. With unique game modes like the multiplier mode, SuperDraft levels the playing field and offers new ways to play and win with more possible line-up combinations than the competition. The result is a game that is easier to play and quicker to understand. These daily fantasy sports competitions are legal in more than 35 states. The free contests are available in all 50 states. For more information, please visit www.superdraft.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. You can identify these statements by the use of the words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “direct,” “intend,” “plan,” “project,” and similar expressions that refer do not focus on historical matters. All statements other than historical facts are forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements, as they involve known and unknown risks, uncertainties and other factors that, in some cases, are beyond Caesars’ control and that could materially affect actual results, performance or success.

Although Caesars believes that its expectations in making such forward-looking statements are based on reasonable assumptions, such statements could be influenced by factors that could cause actual results and results to differ materially from those projected. There are a number of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements contained elsewhere in this press release.

Given these and other risks, uncertainties and assumptions, the forward-looking events discussed in this press release may not occur. These forward-looking statements speak only as of the date of this press release, even if later made available on Caesars’ websites or otherwise, and Caesars does not intend to publicly update any forward-looking statements to reflect events or circumstances that occur after the date on which the declaration is made, unless this is required by law.

SOURCE Caesars Entertainment, Inc.