NaaS Technology Inc. reports corporate and operating developments for a U.S.-listed EV charging service company in China. The company provides new energy asset operation services, uses technology to match charging supply with demand, and supports charging station operators in managing operations.
Recurring news themes include shareholder meeting notices and results, amendments to share capital and constitutional documents, ADS holder voting mechanics, Nasdaq listing-compliance notices, and carbon-inclusive credit activity tied to EV charging scenarios. Updates also reference the company’s relationship with Newlinks Technology Limited and its role in China’s charging-service market.
NaaS Technology Inc. (NASDAQ: NAAS) announced the appointment of Alex Wu as Chief Financial Officer and President, effective January 15, 2023. This selection concludes an executive search and aims to leverage Wu's experience in corporate finance and technology. As of September 30, 2022, NaaS operated 45,000 charging stations, with a gross transaction value of RMB1,861 million for the first three quarters, reflecting significant growth compared to the previous year. The company also established strategic partnerships with several industry players during the third quarter.
NaaS Technology Inc. (Nasdaq: NAAS), a leading EV charging service provider in China, has entered a share subscription agreement with an institutional investor on November 30, 2022. The investor will purchase 57,570,524 newly issued Class A ordinary shares at a price of US$0.5211 per share, totaling US$30 million. The private placement is subject to customary closing conditions and is expected to close in December 2022. The shares are not registered under the U.S. Securities Act and may not be sold in the U.S. without registration or exemption.
Megaport (ASX: MP1), a prominent provider of Network as a Service (NaaS), has appointed Jeff Tworek as Chief Revenue Officer. Tworek brings over 30 years of experience, including significant roles at Akamai Technologies and Contrast Security. His primary responsibilities will include driving revenue generation and overseeing the global sales organization. CEO Vincent English expressed optimism about Tworek's capability to accelerate revenue growth and enhance customer experience, given his expertise in tech and cloud connectivity.
NaaS Technology Inc. (NASDAQ: NAAS) participated in COP27, marking its position as the only Chinese energy tech firm present. The company unveiled its first ESG report, detailing achievements in sustainable practices. NaaS reported a carbon reduction of 700,400 tons in H1 2022, over 70% of its 2021 total. CEO Yang Wang emphasized the role of green finance in advancing the new energy sector, aiming to collaborate with financial institutions. With over 44,000 charging stations across 358 cities, NaaS positions itself as a leader in the EV charging industry in China.
NaaS Technology Inc. (NASDAQ: NAAS), a leading EV charging service provider in China, announced the engagement of Ernst & Young Hua Ming LLP as its new independent registered public accounting firm, effective October 28, 2022. This change follows the completion of its merger with Dada Auto Inc. on June 10, 2022, which transitioned the company from its former auditor, BDO China Shu Lun Pan. NaaS aims to enhance its financial auditing processes as it continues to grow, boasting over 290,000 connected chargers and a significant share of China’s public charging market.
ngena partners with Versa Networks to integrate Versa's Secure Access Service Edge (SASE) technology into ngena's .connect platform, enhancing its Network-as-a-Service (NaaS) offerings. This partnership provides customers with a simplified way to deploy and manage security and networking solutions. Companies can leverage this integration to streamline IT operations, improve security, and enhance operational efficiency. Gartner rated Versa SASE as having the most listed components among 56 vendors, indicating its robust capability in the market.
Megaport Limited and Zenlayer have announced a strategic partnership to enhance private connectivity across over 800 locations worldwide. This collaboration allows Megaport customers to access on-demand private connectivity in North America, South America, Europe, Asia-Pacific, the Middle East, and Africa. With features such as improved network performance, reduced cloud egress costs, and point-and-click network provisioning, this partnership aims to streamline cloud networking for businesses. The integration of Megaport's NaaS solutions with Zenlayer's IaaS offerings positions them to serve both developed and emerging markets effectively.
NaaS Technology Inc. (NASDAQ: NAAS) announced the resignation of its CFO, Lei Zhao, effective immediately due to personal reasons. The company appointed Alex Wu as interim CFO while searching for a permanent replacement. Alex Wu has extensive experience in corporate finance, having served as interim CFO of RISE Education and currently being part of Bain Capital Private Equity. NaaS, a leading EV charging service provider in China, operates over 290,000 connected chargers, accounting for about 18% of China's public charging market.
NaaS Technology Inc. (NASDAQ: NAAS), a leading EV charging service provider in China, announced a new share incentive plan effective September 29, 2022. The plan allows for the issuance of up to 249,770,760 Class A ordinary shares and will increase by 1% annually based on the previous fiscal year's total shares outstanding. This plan replaces the Original Plan from Dada Auto Inc. established during the merger with RISE Education Cayman Ltd. Outstanding awards from the Original Plan remain valid under the new terms.
5G Open Innovation Lab has announced new corporate partnerships with SK Telecom, GAF, and Deloitte, welcoming 16 startups into its Fall program. This collaborative ecosystem focuses on driving innovation in 5G and edge technologies, connecting startups with global enterprises. Since its inception, participating startups have raised a collective $1.154B. Over the next 5 years, connectivity networks are projected to see spending of approximately $1.3 trillion globally, creating substantial business opportunities.