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Contract Logix Experiences Another Record-Breaking Year as Momentum for Digital Contract Transformation Accelerates

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Leading Contract Management Software Provider Experiences Notable Growth in Usage as Customers Leverage Contract Automation and Analytics Tools to Mitigate Risk and Increase Compliance

LOWELL, Mass., June 11, 2024 /PRNewswire-PRWeb/ — Contract Logix, a leading provider of data-driven contract management software, today announced another 12 months of incredible product usage growth, as customers continue to digitally transform contracting processes to mitigate business risk and increase compliance. The company has seen significant increases in the number of completed tasks for contract reviews and approvals, completed contract requests, automatic workflows, and the number of real-time contract collaboration and negotiation sessions triggered by its customers. This notable growth in usage highlights how customers are leveraging contract automation and analytics tools.

The company also saw an impressive 108% increase in the number of documents signed by e-signature, as organizations look for secure and efficient ways to finalize business. And finally, Contract Logix experienced a 45% increase in customers using the platform’s performance and processing metrics and a 154% increase in the number of custom reports created, indicating that customers are increasingly relying on the software to benchmark and track key contract KPIs and get visibility into their business and agreements with advanced analytics.

Key Facts:

Contract Logix’s growth shows that more and more organizations are embracing automation and digital contract transformation (DCX) to mitigate legal and financial risk, maximize corporate and regulatory compliance, and finalize business faster.

Over the past 12 months, Contract Logix added many new enhancements to its platform. Bulk Data Extraction helps organizations digitize large volumes of contracts quickly, reducing the need for manual data entry. Enhancements to its Collaboration Room technology gives customers and their counterparties the ability to communicate, negotiate, edit, review, and approve contracts in real-time. A new a no-code integration with Salesforce allows sales teams to request and track sales agreements without ever having to leave their CRM.

Continuing its focus on highly regulated industries, Contract Logix entered a new partnership with TrailBlazer Consulting to provide commercial, legal, and operations leaders in the energy industry a blueprint to maximize asset revenue and mitigate business risk through CLM.

Contract Logix was recently named a Top 35 in CLM by MGI Research in its most recent CLM Ratings & Buyer’s Guide.

Over the past year, the company saw tremendous growth in its software usage data, including:

86% increase in completed tasks80% increase in automated workflows38% increase in clauses created108% increase in documents e-signed72% increase in completed contract requests28% increase in Collaboration Room sessions45% increase in custom metrics to track contract performance154% increase in the number of custom reports created

Executive Comments:

“Contract Logix has had another year of tremendous success due to a combination of our tenure in the contract management industry and a boutique approach to the market that allows our customers to successfully achieve fast time-to-value and broad user adoption with the software. We have continued to invest in our platform, rolling out features, enhancements, and partnerships that will help our customers manage contracts in a way that is fast, accurate, and efficient.” – Karen Meyer, Chief Executive Officer, Contract Logix

“We’re extremely proud of Contract Logix’s continued growth. We continue to take cues from our customers and the market to evolve our platform to help meet their most pressing needs. Our mission is to continue evolving our data-driven approach to contract management and continue to help organizations leverage the data in their contracts to mitigate risk and save time and money.” – David Blume, Chief Revenue Officer, Contract Logix

Additional Information:

Schedule a Demo of Contract LogixContract Management Platform Overview

About Contract Logix:

Contract Logix is a longstanding leader of intelligent and data-driven contract lifecycle management software. The company’s software empowers legal, administration, IT, procurement, finance, and sales professionals to simplify the way they digitally draft, negotiate, approve, execute, and manage contracts. Hundreds of brands have partnered with Contract Logix to streamline and automate their contracting processes while minimizing risk, increasing compliance, and finalizing business faster. For more information about Contract Logix, visit https://www.contractlogix.com and follow us on LinkedIn.

Media Contact

DAVID PARKS, Contract Logix, 9786747095, dparks@contractlogix.com, https://www.contractlogix.com/

View original content to download multimedia:https://www.prweb.com/releases/contract-logix-experiences-another-record-breaking-year-as-momentum-for-digital-contract-transformation-accelerates-302168646.html

SOURCE Contract Logix

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Trip.com Group Sincerely Accepts Administrative Penalty Decision Issued by the State Administration for Market Regulation of the People’s Republic of China

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SINGAPORE, July 25, 2026 /PRNewswire/ — Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) today announced that it has received the administrative penalty decision issued by the State Administration for Market Regulation of the People’s Republic of China.

Trip.com Group sincerely accepts the decision and will adopt rectification measures in accordance with applicable laws and regulations to implement the decision’s requirements. The Company will strengthen its long-term governance mechanisms and strive to contribute to the sustainable development of the travel industry.

Trip.com Group’s management team will host a conference call at 8:00 AM U.S. Eastern Time on July 27, 2026 (or 8:00 PM Hong Kong Time on July 27, 2026).

The conference call will be available on Webcast live at: http://investors.trip.com.

All participants must pre-register to join this conference call using the participant registration link below:
https://register-conf.media-server.com/register/BIb78e08d8f18340c4882a7e4ab961906b.

Upon registration, each participant will receive details for this conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the number provided, enter your PIN, and you will join the conference instantly.

For further information, please contact:
Investor Relations
Trip.com Group Limited
Email: iremail@trip.com

View original content:https://www.prnewswire.com/news-releases/tripcom-group-sincerely-accepts-administrative-penalty-decision-issued-by-the-state-administration-for-market-regulation-of-the-peoples-republic-of-china-302834599.html

SOURCE Trip.com Group Limited

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NAVER Partners with Brookfield and NVIDIA to Expand Korea’s National AI Factory Infrastructure Buildout

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SAN FRANCISCO, July 25, 2026 /PRNewswire/ — NAVER, Brookfield and NVIDIA announced an expansion of Korea’s sovereign AI factory infrastructure. New investments will increase the initial NVIDIA DSX™ AI factory deployment from 55 megawatts to 200 megawatts.

Announced during Korea President Jae Myung Lee’s AI Summit visit to San Francisco, the planned 200-megawatt expansion will be built with the NVIDIA DSX platform at NAVER’s GAK Sejong hyperscale data center in Sejong, South Korea. The expanded infrastructure will provide Korea- and U.S.- based AI innovators with access to production-scale AI compute for building next-generation models, agents and AI-powered services.

Under the terms of the agreements, Brookfield will fund up to $9 billion as the exclusive capital partner, NVIDIA will invest $1 billion and NAVER will fund the remaining amount to finance the $10 billion project.

This builds on NAVER’s June announcement to extend its GAK Sejong data center with NVIDIA DSX, with a long-term path to gigawatt-scale sovereign AI infrastructure serving Korea’s enterprises, industries, government organizations and global AI cloud customers. Combining Brookfield’s capital with NVIDIA’s computing platform, the investment supports NAVER’s AI factory deployment.

“NVIDIA’s strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVER’s vision for the AI Factory business into a robust execution phase,” said Haejin Lee, Founder and Chairman of NAVER. “Leveraging the solid partnerships with our global partners, we will drive technological innovation, foster a sovereign AI ecosystem, and spearhead efforts to strengthen South Korea’s AI competitiveness.” 

AI Factory Expansion and Open Model Collaboration to Fuel AI Innovators

NAVER, as an NVIDIA Cloud Partner, provides deep expertise in operating hyperscale infrastructure powered by the full-stack NVIDIA AI platform. The 200-megawatt AI factory, featuring NVIDIA Vera Rubin and Blackwell platforms, will establish a dedicated resource pool for emerging AI companies, providing the compute, software and support needed to develop and deploy competitive AI models and applications at scale.

This expanded infrastructure also builds on NAVER and NVIDIA’s collaboration on open model development for agentic and physical AI. NAVER is advancing its HyperCLOVA X models to be based on NVIDIA Nemotron™ 3 Ultra open models with its proprietary data and training expertise. NAVER is also the first Korean company to join the NVIDIA Nemotron Coalition, contributing to open model development across pretraining, post-training and reinforcement learning.

NAVER plans to launch an AI agent platform in Korea in the second half of the year, powered by NVIDIA Agent Toolkit software including NVIDIA NemoClaw™ blueprints. NAVER is also developing a Seoul World Model using proprietary urban street-view and spatial modeling data, built on NVIDIA Cosmos™ world foundation models.

About NAVER

Founded in 1999, NAVER is Korea’s largest Internet company and one of the world’s top tech companies. Leading cutting-edge technologies, NAVER operates the No.1 search engine in Korea and holds various business portfolios encompassing commerce, fintech, cloud, AI and robotics.

NAVER recorded sales of KRW 12.04 trillion (USD 8.18 billion) in 2025. TEAM NAVER continues to enhance its business portfolio and expand its global presence across Japan, North America, and Europe, while pursuing innovation through continuous research and development in future technologies.

View original content:https://www.prnewswire.com/news-releases/naver-partners-with-brookfield-and-nvidia-to-expand-koreas-national-ai-factory-infrastructure-buildout-302834577.html

SOURCE NAVER

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Beijing Review: Walking Through Time: China and U.S. Youths Explore Dali’s Past and Future

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BEIJING, July 24, 2026 /PRNewswire/ — On July 17, a China-U.S. youth delegation came to Dali of Yunnan Province. By examining how Dali’s rich history intersects with modern development, the delegates explored new pathways for rural development.

They visited Dali Old Town, tried their hand at making the Bai people’s Three-Course Tea and also explored the ancient town of Xizhou, where they learned how modern tourism and indigenous life coexist.

In Yunnanyi Village, they explored its history as a stop along the Tea Horse Road and learned about the role it played during the Second World War (WWII).

Tyler James Smith

“I think it’s a very underappreciated part of World War II history. Hearing these stories of different countries working together despite cultural differences is incredibly inspiring.

I also think there are many stories like these that haven’t been widely told, simply because World War II is such a complex period in history. That’s why I think it’s so meaningful to visit museums like this and experience these stories firsthand.”

At Xiangyun Economic and Technological Development Zone, they visited a local new energy company to see how green, low-carbon development is driving regional growth.

Valerie Marie

“I recently started studying energy transitions. I know China has been really big in the renewable energy sector. So actually getting to hear more about [China’s] 2060 [pledge], learning more about carbon neutrality [goals], as well as other zero-carbon goals, was cool.”

During their stay in Dali, they also strolled along the Erhai Lake Ecological Corridor.

Bai Yiwen

“I’d describe this journey as “to be continued,” because my own connection with Yunnan is far from over. For the U.S. delegates, this was only their first visit, so they’ve only had a glimpse of what Yunnan has to offer. I hope they will have more opportunities to come back to China, explore other cities in Yunnan, and discover even more of its people, culture and traditions.”

After Dali, the delegates will visit Beijing for more tours and exchanges. The event was co-hosted by China International Communications Group (CICG) Center for the Americas and the U.S.-based International Student Conferences.

https://x.com/beijingreview/status/2080104404552663067?s=46&t=yfVMVdMyE2zKAFrYaLoV-g

https://www.facebook.com/share/v/1EtGCCKzy4/?mibextid=wwXIfr

https://www.tiktok.com/@cachinachic/video/7665536913532587294?is_from_webapp=1&sender_device=pc&web_id=7227134149436605995

https://youtu.be/jGONWTqwduc?is=KfL-Zn3HyVYE-KEm

Contact: Jiaweibellapeng@163.com

View original content:https://www.prnewswire.com/news-releases/beijing-review-walking-through-time-china-and-us-youths-explore-dalis-past-and-future-302834587.html

SOURCE Beijing Review

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