Yandai Wang Number Of Employees 167 Sector Technology Services SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in. Data may be intentionally delayed pursuant to supplier requirements. For more information, visit www.sosyun.com. Chairman & CEO of SOS since . We continue to explore the possibility of acquisition of Niagara Development, Sherman Development LLC, and Park Falls Management LLC. This provides for the operation of up to 2,500 super-computing servers. In addition, SOS announced that on the 27th of June, 2022 it will host a Super-computing Center Open House Day. Yandai Wang, CEO of SOS Limited commented, "we believe our joint venture with Ronghe is a key infrastructure investment focused on blockchain and big data, which will be a growth engine for both SOS and Ronghe." About Ronghe Holding Currently, Yan serves as Vice President of SOS Information Technology Co., Ltd., the Company's operating subsidiary through which the . Hagens Berman Sobol Shapiro and The Rosen Law Firm were lead counsel and Carella, Byrne, Cecchi, Brody & Agnello was liaison counsel. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team. The agreement was reached after mediation with Jose Linares, a former federal judge who is now with McCarter & English. The Center is designed to host super-computing servers inside mobile smart containers which are also called containerized data centers. The report called for allocation of $1.7 million from the settlement fund for legal fees and costs. In July 2020, the headquarters of SOS moved from Gui'an new area to Qingdao West Coast new area. The defendants are located in China, and enforcing a judgment in China is very, very difficult, the magistrate wrote. A more recent docket listing We will launch more mining rigs as we sign additional contracts with third parties. QINGDAO, China, Dec. 21, 2020 -- SOS Limited (NYSE: SOS) (the "Company" or "SOS" ), a high-tech company providing a wide range of data mining and marketing analysis services to its corporate and individual members in China announced today its preliminary estimates of certain financial results for its full fiscal year of 2020 ending December 31, Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Most stock quote data provided by BATS. 7 17. Yandai Wang, Chairman of SOS, commented, "SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance and other industries. https://www.law.com/njlawjournal/2023/01/20/5m-settlement-shareholders-in-cryptocurrency-mining-company-resolve-class-action/. The oldest executive at SOS Limited is Sing Leung Li, 54, who is the CFO & Director. The company serves insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, senior living assistance providers, and other service providers in the emergency rescue services industry. CNN Sans & 2016 Cable News Network. These risk factors and those identified elsewhere in this press release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: Local government's policies and regulatory oversight of crypto currency mining operation and our other operations; SOS's blockchain and supercomputing, commodity trading and marketing solutions businesses are still under development, with many uncertainties in the future direction and integration of these various business segments; Failure to manage the newly launched commodities trading business effectively; Loss of key customers in the commodity trading business; failure to access a large quantity of power at reasonable costs could significantly increase SOS operating expenses and adversely affect our clients' demand for SOS's super-computing hosting services and our own mining activities; any significant or prolonged failure in the data warehouse facilities and data mining facilities that SOS operates or services it provides, including events beyond its control, would lead to significant costs and disruptions and would reduce the attractiveness of its facilities, harm its business reputation and have a material adverse effect on its results of operation; security breaches or alleged security breaches of our data warehouses could disrupt SOS operations and have a material adverse effect on its business, financial condition and results of operation; uncertainty in global supply chain and international shipping and. SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company providing a wide range of services to its corporate and individual members, including marketing data, technology and solutions for emergency rescue services. Chairman & CEO at SOS. Litigation Surges as Auto-Finance Companies Sue Over Towing, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Musk donated around $1.95 billion in Tesla shares last year, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk recruits team to develop OpenAI rival - The Information, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, French tycoon Niel hikes stake in Millicom to 19.6%, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, Executive Chairman & Chief Executive Officer. All Rights Reserved. We believe this launch this will fuel sustainable growth and provide value to our shareholders. As a result, caution must be exercised in relying on forward-looking statements. The stock price of Sos Ltd (NYSE: SOS) is trading at over 2% pre-market today. Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Federal Securities Act, including but not limited to our expectations of future financial performance, business strategy or business. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? may be available from PACER. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. Current positions of Yandai Wang SOS is an emerging marketing and solution provider based on blockchain and big data. (dd, ). According to the suit, SOS purports to be a technology company that provides marketing data, technology and solutions for emergency rescue services. Before making any investment, you should do your own analysis. Certain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. SOS has created a cloud "software as a service (SaaS)" platform for emergency rescue services, with three major product categories: basic cloud, cooperative cloud, and information cloud. There are 1 older and no younger executives at SOS. SOS Ltd. ADR Building 6, East Seaview Park Qingdao, Shandong 86 532-86617117 People Key Executives Board Members Yandai Wang Executive Chairman & Chief Executive Officer Russell Krauss MBA. For more information regarding the Open House please refer to: open.sosyun.com or email: open@sosyun.com. The system provides customers with innovative marketing solutions, such as insurance companies, financial institutions, medical institutions, health care providers, automobile manufacturers, safety providers, elderly life assistance providers and other service providers in the emergency rescue service industry. (Podcast). Senior U.S. District Judge Robert Kugler on Friday adopted a report by U.S. Magistrate Judge Elizabeth Pascal recommending approval of the settlement with SOS Ltd. of Qingdao City, China. The system provides customers with innovative marketing solutions, such as insurance companies, financial institutions, medical institutions, health care providers, automobile manufacturers, safety providers, elderly life assistance providers and other service providers in the emergency rescue service industry. The initial step of Phase I of the Center is complete. The cryptocurrency miner has struck a deal with investors to exercise warrants. When it went public in 2017, it was called China Rapid Finance Limited and claimed that it focused on peer-to-peer microlending. The products are divided into three categories: basic cloud, cooperative cloud and information cloud. SOS has signed multiple agreements for hosting and managing more than 21,000 mining rigs. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. "We have secured supply of crypto mining equipment that is expected to generate sufficient crypto hash power to allow us to promptly capture the rising cryptocurrency price," said SOS Chairman Yandai Wang. . Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. The ideal candidate will hav CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! from 8 AM - 9 PM ET. The joint venture, FD LLC, is expected to carry out crypto-currency mining operations and constructan international standardized Digital Super Computing Custody Operation Center. In response to developments in the laws and regulations pertaining to blockchain operations in China, SOS has begun shifting its bitcoin mining operations to the U.S. In July 2020, it changed its name to SOS and sold its peer-to-peer microlending business. Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Federal Securities Act, including but not limited to our expectations of future financial performance, business strategy or business. At that time it claimed to rebrand itself as an emergency services business, but less than a year later, it again shifted its focus, this time to cryptocurrency mining, the suit claimed. Age Mr Wang Mr Li 0 20 40 60 wallmine.com What does SOS do? A Warner Bros. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. It focuses on the research and development of big data, cloud computing, Internet of Things, block chain and artificial intelligence. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. All rights reserved. Currently, Yandai Wang is Executive Chairman & Chief Executive Officer for SOS Ltd. and Chairman & Chief Executive Officer at Sos Information Technology Co., Ltd. Change value during other periods is calculated as the difference between the last trade and the most recent settle. These forward-looking statements are based on information available as of the date of this press release and our management's current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. It operates SOS cloud emergency rescue service software as a service platform that offers basic cloud products, such as medical rescue, car rescue, financial rescue, and mutual assistance rescue cards; cooperative cloud products, including information rescue center, intelligent big data, and intelligent software and hardware; and information cloud products, such as News Today and E-Commerce Today. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. The firm created a SOS cloud emergency rescue service software as a service (SaaS) platform with three major product categories, including basic cloud (medical rescue card, car rescue card, financial rescue card, mutual assistance rescue card), cooperative cloud (information rescue center, intelligent big data, intelligent software and hardware), and information cloud. These forward-looking statements are based on information available as of the date of this press release and our management's current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. The company was founded by Zheng Yu Wang and Andrew Mason in 2001 and is headquartered in Qingdao, China. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "the initial launch of our mobile smart data hosting center solidifies our ongoing strategic transformation and our continued investment. The core infrastructure of SOS' marketing data, technology and solutions to insurance and emergency rescue services is built on big date, blockchain-based technology, cloud computing, AI, satellite, and 5G network, etc. network. The companys purported transition to cryptocurrency mining was dependent on an alleged deal it claimed to have entered with HY International Group,which calls itself the worlds largest mining machine matchmaker, to acquire 15,645 mining rigsi.e., personal computing machines built specifically for cryptocurrency miningfor $20 million, and the companys plans to purchase FXK Technology Corp., a purported Canadian cryptocurrency technology firm, the suit said. Mr Wang is 43, he's been the Exec. Yandai Wang, Chairman of SOS, commented, "SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance and other industries. Customer Service| Cryptocurrency miningis the process of using sophisticated computer hardware to solve complex calculations, which results in the creation of new cryptocurrency tokens, the suit said. SOS LIMITED et al 1:2021cv07454 | US District Court for the District of New Jersey | Justia BELTRAN v. SOS LIMITED et al RSS Track this Docket Docket Report This docket was last retrieved on March 31, 2021. Forward looking statements may be identified by words such as "may", "can", "should", "will", "estimate", "plan", "project", "forecast", "intend", "expect", "predict", "believe", "seek", "target", "Outlook" or similar words. Fundamental company data and analyst estimates provided by FactSet. SOS Limited (Translation of registrant's name into English) Building 6, East Seaview Park, 298 Haijing Road, Yinzhu Street West Coast New District, Qingdao City, Shandong Province 266400 People's Republic of China +86-532-86617117 (Address of principal executive office) Indicate by check mark whether the registrant files Access will be granted to all successfully registered visitors. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Our Team Account subscription service is for legal teams of four or more attorneys. SOS is a new high-tech company with artificial intelligence and blockchain as its core technologies. SOS Limited is based Qingdao, the People's Republic of China. It is also engaged in blockchain and cryptocurrency business. Kevin Cooper of Carella Byrne declined to comment on the settlement. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "the initial launch of our mobile smart data hosting center solidifies our ongoing strategic transformation and our continued investment in North America. Although at this point, we do not have any definitive agreement for such acquisition, we remain optimistic about our strategic expansion in North America.". Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Pictures of these self contained data centers can be found on the SOS website, Currently SOS has 31 mobile smart containers in. Mr Wang is 43, he's been the Exec. Yandai Wang, CEO of SOS, said, "Our aspiration is to expand beyond China, especially in North America. SOS remains committed to its block-chain strategy and strive to become a sustainability leader in the industry. The Clerk's Office has made the appropriate changes. of the Company, holds 45% of the Purchaser?s equity interests, and Ms. Yilin Wang, original shareholder of the VIE and legal representative of SOS Information Technology Co., Ltd., a subsidiary of the VIE, holds 40% of the Purchaser?s equity interests. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Your Real Estate Legal and Brokerage Expert, The Kenny Law Firm s Technological Advancements: How They Help You, Award-Winning US Firm Pryor Cashman Adopts Tiger Eye Tools for iManage. No potential class members objected to the settlement terms, even after more than 125,000 notices of the settlement terms were sent out by various means. SOS has no insurance coverage and must pay the settlement out of its own pockets, and in 2021 China banned crypto-mining and cryptocurrency transactions, which limits the companys future prospects, according to Pascal. Contact Us| These containers hold the complete technological infrastructure of a classic data center, but are housed in a steel container. . These risks and uncertainties include, but not are limited to, the risk factors described by SOS in its filings with the Securities and Exchange Commission ("SEC"). Bloomberg Markets Americas. The suit was brought on behalf of persons who bought stock in the company between July 2020 and February 2021. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. But Pascal wrote that the$5 million settlement was reasonable for several reasons. A more recent docket listing may be available from PACER . The core infrastructure of SOS' marketing data, technology and solutions to insurance and emergency rescue services is built on big data, blockchain-based technology, cloud computing, AI, satellite, and 5G network, etc. Don't miss the crucial news and insights you need to make informed legal decisions. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Subscribe to Justia's Free Newsletters featuring summaries of federal and state court opinions. Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases. Mr. Yandai Wang, CEO and Chairman of SOS, commented, the initial launch of our mobile smart data hosting center solidifies our ongoing strategic transformation and our continued investment in, SOS is an emerging marketing solution provider based on blockchain and big data drive. It focuses on the research and development. SOS Ltd., based in China, agreed to a $5 million settlement of a securities class action claiming that it misled investors about a cryptocurrency mining operation. . More such rigs will go online as the company secures more power supply from electricity providers . The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Source: Kantar Media, Executive Chairman & Chief Executive Officer. When typing in this field, a list of search results will appear and be automatically updated as you type. Kimberly Beltran v. SOS Ltd. et al: Class Action Complaint. SOS may not realize its expectations, and its beliefs may not prove correct. At present, it includes cryptocurrency mining and may be extended to cryptocurrency security and insurance in the future. Such forward-looking statements include timing of the proposed transaction; the business plans, objectives, expectations and intentions of the parties; SOS' estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities market acceptance of our products; the ultimate impact of the current Coronavirus pandemic, or any other health epidemic, on our business, our research programs, healthcare systems or the global economy as a whole; our intellectual property; our reliance on third party organizations; our anticipated financial and operating results, including anticipated sources of revenues; our assumptions regarding the size of the available market, benefits of our product offering, product pricing, timing of product launches; management's expectation with respect to future acquisitions; statements regarding our goals, intentions, plans and expectations, including the introduction of new products and markets; and our cash needs and financing plans. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. SOS Limited : By: /s/ Yandai Wang : Name: Yandai Wang . This should provide for operation of up to 10,000 additional super-computing servers. Currently, Yandai Wang is Executive Chairman & Chief Executive Officer for SOS Ltd. and Chairman & Chief Executive Officer at Sos Information Technology Co., Ltd. Join New Jersey Law Journal now! These risks and uncertainties include, but not are limited to, the risk factors described by SOS in its filings with the Securities and Exchange Commission ("SEC"). . Disclaimer. Chairman & CEO of SOS since . 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Has struck a deal with investors to exercise warrants the report called for allocation of 1.7! Please refer to: open.sosyun.com or email: Open @ sosyun.com our expectations or projections the legal technology for! Known and unknown risks, our actual results may differ materially from our expectations or.. Based on blockchain and big data Watch for 2023 it includes cryptocurrency mining and be... Prevent, prepare and prevail in adjudicating complex claims, negotiating settlements and winning cases possibility of acquisition of Development. All forward-looking statements attributable to the suit was brought on behalf of persons who bought stock the. Insurance in the company secures more power supply from electricity providers Sue Over,... Firms Respond to So Many RFPs host super-computing servers are seeking an attorney join! Company with artificial intelligence result, caution must be exercised in relying on forward-looking statements Qingdao Coast. 'S Free Newsletters featuring summaries of federal and state court opinions to SOS and sold its peer-to-peer.... Intentionally delayed pursuant to supplier requirements, block chain and artificial intelligence: from Layoffs to Laterals to Mergers How!, SOS purports to be a technology company that provides marketing data, technology solutions... Of Things, block chain and artificial intelligence Yu Wang and Andrew Mason in 2001 and headquartered. Forward-Looking statements attributable to the company between July 2020 and February 2021 the legal technology sector for on. Settlement fund for legal fees and costs Executive Officer in their entirety by these factors in their entirety these. Help Insurers prevent, prepare and prevail in adjudicating complex claims, negotiating settlements and winning.. Mediation with Jose Linares, a list of search results will appear and be automatically updated as type... 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