Welcome to our dedicated page for Agora news (Ticker: API), a resource for investors and traders seeking the latest updates and insights on Agora stock.
Agora, Inc. provides real-time communication APIs powering voice, video, and AI-driven interactions across global applications. This page serves as the central hub for official company announcements, financial updates, and technology developments.
Investors and developers will find curated press releases detailing product launches, strategic partnerships, and quarterly earnings. Stay informed about innovations like Adaptive Video Optimization™ and enterprise solutions for telehealth, education, and live streaming markets.
Key updates include API enhancements, developer toolkit expansions, and recognition in industry benchmarks. Bookmark this page for reliable insights into Agora’s evolving role in shaping digital communication infrastructure.
Agora, Inc. (NASDAQ: API) has announced a definitive agreement to sell its customer engagement cloud business segment of Easemob to TI Cloud Inc. for approximately US$14.6 million. This all-cash transaction is set to close in the first quarter of 2023, pending customary conditions. The sale aims to allow Agora to direct resources toward its core products, with TI Cloud expected to enhance its market share and operational synergy.
The customer engagement segment has seen revenues of $8.8 million in 2021 but faced net losses. Agora remains a shareholder in TI Cloud, holding 2.8%.
Agora will demonstrate new products to enhance immersive metaverse experiences at the Immerse Global Summit from December 5 to 7 in Miami, Florida. The company is partnering with HTC and Magic Leap to showcase advancements in real-time engagement and XR innovations across various sectors, including education and telehealth. Agora's Interactive Live Streaming SDK will facilitate collaboration in virtual environments, while the upcoming panel discussion will address future hardware in AR/VR. Agora aims to drive transformative experiences across industries.
Agora, Inc. (NASDAQ: API) will report its financial results for the third quarter ending September 30, 2022, after U.S. market close on November 21, 2022. A conference call is scheduled for the same day at 5 p.m. PT / 8 p.m. ET to discuss these results. Interested investors can register for the call and find further details on Agora's investor relations website. Agora specializes in real-time engagement APIs, enabling developers to integrate video and voice functionalities into applications, with headquarters in Santa Clara and Shanghai.
Agora, Inc. (NASDAQ: API) has launched Agora Chat, a new SDK designed to enable developers to integrate real-time in-app chat capabilities into their applications. The release, announced on October 12, 2022, coincides with Agora's RTE2022 conference, focusing on real-time engagement technologies. Agora Chat offers features like rich media messaging, scalable cross-platform messaging, and strong security compliance. Tony Zhao, Agora's CEO, expressed enthusiasm for the innovative uses of this tool, which aims to enhance user connectivity across various application categories.
Agora, Inc. (NASDAQ: API) announced its RTE2022 conference, scheduled for October 10-12, 2022, featuring key industry speakers from Meta, ByteDance, and Spotify. The virtual event aims to explore real-time engagement technologies, including the Metaverse and live streaming. The conference expects around 400 attendees in San Francisco, with thousands more joining online. CEO Tony Zhao will deliver the keynote, emphasizing the importance of real-time engagement in digital interactions. For detailed speaker information, visit the RTE2022 agenda page.
Agora, Inc. (NASDAQ: API) is inviting early-stage startups to enter its RTE Startup Battleground competition during the RTE2022 conference from October 10-12, 2022. Startups must have under $3 million in funding and include real-time engagement solutions. The top 8 submissions will pitch to Silicon Valley VCs on October 3, 2022, with prize money totaling $25,000 for the best ideas. Submissions are open until September 23, 2022, and finalists will be announced by September 30, 2022. The RTE2022 conference will also feature a virtual audience and in-person events in San Francisco.
Agora, Inc. (NASDAQ: API) announced the appointment of Mr. Sheng (Shawn) Zhong as Chief Technology Officer, effective immediately. Previously the Chief Scientist since January 2018, Mr. Zhong will now oversee the company's global research and development, enhancing its technology leadership. His experience includes senior roles at Hisense Microchip Company, Broadcom, and LSI Corporation, along with over 100 technology patents. CEO Tony Zhao expressed confidence that Mr. Zhong's expertise will drive innovation and strengthen Agora's position in real-time engagement APIs.
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