Technology
JCET Q2 2024 Net Profit Attributable to the Parent Increased by 258% Quarter-on-Quarter, Hitting a Record High for Revenue
Published
2 years agoon
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Q2 2024 Financial Highlights:
Revenue was RMB 8.64 billion, an increase of 36.9% year-on-year and 26.3% quarter-on-quarter. A record high Q2 in the company’s history.Generated RMB 1.65 billion cash from operations. With net capex investments of RMB 0.93 billion, free cash flow for the quarter was RMB 0.72 billion.Net profit attributable to owners of the parent was RMB 0.48 billion, an increase of 25.5% year-on-year and 258.0% quarter-on-quarter.Earnings per share was RMB 0.27, as compared to RMB 0.22 in Q2 2023.
1H 2024 Financial Highlights:
Revenue was RMB 15.49 billion, an increase of 27.2% year-on-year.Generated RMB 3.03 billion cash from operations. With net capex investments of RMB 1.87 billion, free cash flow for the first half of 2024 was RMB 1.16 billion.Net profit attributable to owners of the parent was RMB 0.62 billion, an increase of 25.0% year-on-year.Earnings per share was RMB 0.35, as compared to RMB 0.28 in 1H 2023.
SHANGHAI, Aug. 23, 2024 /PRNewswire/ — Today, JCET Group (SSE: 600584), a leading global provider of integrated circuit (IC) back-end manufacturing and technology services, announced its financial results for the first half year of 2024. The financial report shows that in the first half of 2024, JCET achieved revenue of RMB 15.49 billion, and net profit attributable to owners of the parent of RMB 0.62 billion, both increased over 25%. In Q2 2024 JCET achieved revenue of RMB 8.64 billion, an increase of 36.9% year-on-year, a record high Q2 in the company’s history, and net profit attributable to owners of the parent of RMB 0.48 billion, an increase of 25.5% year-on-year and 258.0% quarter-on-quarter, generating RMB 1.65 billion cash from operations.
During the reporting period, the company’s capacity utilization has significantly increased, with enlarged investment to expand production capacity of core production lines. In the first half of the year, the revenue of communications, computing, and consumer electronics businesses increased respectively by 48%, 23%, and 33% year-on-year. The company is consistently strengthening the research and development in advanced packaging technologies, with R&D investment of RMB 0.82 billion in 1H 2024, a year-on-year increase of 22.4%.
JCET is also actively promoting strategic projects to enhance its smart manufacturing. After two years construction, the new advanced packaging factory “JCET Microelectronics Wafer-level Microsystems Integration High-end Manufacturing Base” with an area of over 130,000 square meters is progressing with equipment mobilization. The new automotive chip back-end manufacturing base has completed building the factory structure. The acquisition of a high-density memory chip packaging factory has obtained necessary approvals, and the project is progressing towards completion.
Mr. Li Zheng, CEO of JCET, said, “JCET actively promotes innovative applications of advanced packaging technologies and continues to expand its production capacity in China, Singapore and South Korea, with steady growth in performance in the first half of 2024. The company will continue to increase investment in R&D and strategic projects, strengthen innovation cooperation in the industrial chain and sustainable development, and create higher value for shareholders, customers, employees and society.”
For more information, please refer to the JCET 1H FY2024 Report.
About JCET Group
JCET Group is the world’s leading integrated-circuit manufacturing and technology services provider, offering a full range of turnkey services that include semiconductor package integration design and characterization, R&D, wafer probe, wafer bumping, package assembly, final test and drop shipment to vendors around the world.
Our comprehensive portfolio covers a wide spectrum of semiconductor applications such as mobile, communication, compute, consumer, automotive, and industrial, through advanced wafer-level packaging, 2.5D/3D, System-in-Package, and reliable flip chip and wire bonding technologies. JCET Group has two R&D centers in China and Korea, eight manufacturing locations in China, Korea, and Singapore, and sales centers around the world, providing close technology collaboration and efficient supply-chain manufacturing to our global customers.
CONSOLIDATED BALANCE SHEET (Unaudited)
RMB in millions
Jun 30, 2024
Dec 31, 2023
ASSETS
Current assets
Currency funds
10,621
7,325
Trading financial assets
1,605
2,306
Derivative financial assets
0
4
Accounts receivable
4,066
4,185
Receivables financing
71
38
Prepayments
132
104
Other receivables
115
87
Inventories
3,408
3,195
Other current assets
393
375
Total current assets
20,411
17,619
Non-current assets
Long-term receivables
31
33
Long-term equity investments
666
695
Other equity investments
434
447
Investment properties
84
86
Fixed assets
18,408
18,744
Construction in progress
2,039
1,053
Right-of-use assets
519
563
Intangible assets
659
662
Goodwill
2,262
2,248
Long-term prepaid expenses
13
17
Deferred tax assets
377
364
Other non-current assets
66
48
Total non-current assets
25,558
24,960
Total assets
45,969
42,579
LIABILITIES AND EQUITY
Jun 30, 2024
Dec 31, 2023
Current liabilities
Short-term borrowings
467
1,696
Derivative financial liabilities
2
0
Notes payable
300
223
Accounts payable
5,773
4,782
Contract liabilities
260
185
Employee benefits payable
732
781
Taxes and surcharges payable
116
167
Other payables
368
354
Current portion of long-term liabilities
1,806
1,491
Other current liabilities
2
3
Total current liabilities
9,826
9,682
Non-current liabilities
Long-term borrowings
7,749
5,777
Lease liabilities
480
530
Long-term payables
3
0
Long-term employee benefits payable
14
14
Deferred income
438
384
Other non-current liabilities
38
41
Total non-current liabilities
8,722
6,746
Total liabilities
18,548
16,428
Equity
Paid-in capital
1,789
1,789
Capital reserves
15,228
15,237
Accumulated other comprehensive income
591
543
Specialized reserves
1
0
Surplus reserves
257
257
Unappropriated profit
8,680
8,239
Total equity attributable to owners of the parent
26,546
26,065
Minority shareholders
875
86
Total equity
27,421
26,151
Total liabilities and equity
45,969
42,579
CONSOLIDATED INCOME STATEMENT (Unaudited)
RMB in millions, except share data
Three months ended
Six months ended
Jun 30, 2024
Jun 30, 2023
Jun 30, 2024
Jun 30, 2023
Revenue
8,645
6,313
15,487
12,173
Less: Cost of sales
7,410
5,359
13,417
10,525
Taxes and surcharges
22
27
35
47
Selling expenses
64
51
118
100
Administrative expenses
209
175
433
347
Research and development expenses
438
360
819
669
Finance expenses
(19)
(7)
(11)
51
Including: Interest expenses
99
68
192
131
Interest income
80
27
141
35
Add: Other income
47
40
86
73
Investment income / (loss)
(4)
(24)
(14)
(21)
Including: Income / (loss) from investments in associates and joint ventures
(12)
(10)
(29)
(21)
Gain / (loss) on changes in fair value of financial assets/liabilities
0
37
(5)
46
Credit impairment (loss is expressed by “-“)
(14)
(6)
(7)
(1)
Asset impairment (loss is expressed by “-“)
(20)
(5)
(38)
0
Gain / (loss) on disposal of assets
2
13
5
16
Operating profit / (loss)
532
403
703
547
Add: Non-operating income
0
2
1
3
Less: Non-operating expenses
2
0
2
4
Profit / (loss) before income taxes
530
405
702
546
Less: Income tax expenses
47
19
85
50
Net profit / (loss)
483
386
617
496
Classified by continuity of operations
Profit / (loss) from continuing operations
483
386
617
496
Classified by ownership
Net profit / (loss) attributable to owners of the parent
484
386
619
496
Net profit / (loss) attributable to minority shareholders
(1)
0
(2)
0
Add: Unappropriated profit at beginning of period
8,374
7,264
8,239
7,154
Less: Cash dividends declared
178
358
178
358
Unappropriated profit at end of period (attributable to owners of the parent)
8,680
7,292
8,680
7,292
Other comprehensive income, net of tax
36
481
48
350
Comprehensive income attributable to owners of the parent
36
481
48
350
Comprehensive income not be reclassified to profit or loss
(8)
6
(13)
17
Remeasurement gains or losses of a defined benefit plan
0
0
0
1
Change in the fair value of other equity investments
(8)
6
(13)
16
Comprehensive income to be reclassified to profit or loss
44
475
61
333
Exchange differences of foreign currency financial statements
44
475
61
333
Total comprehensive income
519
867
665
846
Including:
Total comprehensive income attributable to owners of the parent
520
867
667
846
Total comprehensive income attributable to minority shareholders
(1)
0
(2)
0
Earnings per share
Basic earnings per share
0.27
0.22
0.35
0.28
Diluted earnings per share
0.27
0.22
0.35
0.28
CONSOLIDATED CASH FLOW STATEMENT (Unaudited)
RMB in millions
Three months ended
Six months ended
Jun 30, 2024
Jun 30, 2023
Jun 30, 2024
Jun 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from the sale of goods and the rendering of services
8,784
6,178
16,590
13,162
Receipts of taxes and surcharges refunds
81
122
198
216
Other cash receipts relating to operating activities
181
110
283
163
Total cash inflows from operating activities
9,046
6,410
17,071
13,541
Cash payments for goods and services
6,078
4,069
11,254
8,454
Cash payments to and on behalf of employees
1,056
878
2,248
2,072
Payments of all types of taxes and surcharges
197
254
289
466
Other cash payments relating to operating activities
61
22
253
128
Total cash outflows from operating activities
7,392
5,223
14,044
11,120
Net cash flows from operating activities
1,654
1,187
3,027
2,421
CASH FLOWS FROM INVESTING ACTIVITIES
Cash receipts from returns of investments
4,800
4,350
9,050
8,280
Cash receipts from investment income
2
38
15
52
Net cash receipts from disposal of fixed assets, intangible assets and other long-term assets
2
7
5
32
Total cash inflows from investing activities
4,804
4,395
9,070
8,364
Cash payments to acquire fixed assets, intangible assets and other long-term assets
937
749
1,870
1,588
Cash payments for investments
4,650
3,200
8,350
5,980
Total cash outflows from investing activities
5,587
3,949
10,220
7,568
Net cash flows from investing activities
(783)
446
(1,150)
796
CASH FLOWS FROM FINANCING ACTIVITIES
Cash proceeds from investments by others
6
230
776
230
Including: Cash receipts from capital contributions from minority shareholders of subsidiaries
0
86
765
86
Cash receipts from borrowings
728
1,317
3,007
1,664
Total cash inflows from financing activities
734
1,547
3,783
1,894
Cash repayments for debts
657
755
1,963
1,740
Cash payments for distribution of dividends or profit and interest expenses
272
414
352
467
Other cash payments relating to financing activities
34
16
53
48
Total cash outflows from financing activities
963
1,185
2,368
2,255
Net cash flows from financing activities
(229)
362
1,415
(361)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
2
45
4
37
NET INCREASE IN CASH AND CASH EQUIVALENTS
644
2,040
3,296
2,893
Add: Cash and cash equivalents at beginning of period
9,977
3,306
7,325
2,453
CASH AND CASH EQUIVALENTS AT END OF PERIOD
10,621
5,346
10,621
5,346
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Monster Energy and Call of Duty® Take Over Cosm Los Angeles for Immersive Modern Warfare® 4 Launch Celebration
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Celebrities, athletes and creators came together for an action-packed night of gaming, immersive entertainment and exclusive experiences on Cosm’s massive Shared Reality Display.
INGLEWOOD, Calif., Oct. 25, 2026 /PRNewswire/ — Monster Energy transformed Cosm Los Angeles into the ultimate gamer’s destination on Friday night as fans came together to celebrate the highly anticipated launch of Call of Duty®: Modern Warfare® 4 at an immersive event fueled by Monster Energy.
Set against Cosm’s spectacular 87-foot-diameter, 12K+ LED dome, the Monster Energy x Call of Duty celebration brought the action of one of gaming’s most anticipated franchises into the real world. Guests experienced live gameplay, special celebrity appearances, interactive activations, and real-life displays inspired by the game, including the Monster Energy Operator Skin, alongside a lineup of Polaris vehicles including the DAGOR, which is playable in Modern Warfare 4 – all in an electrifying atmosphere that blurred the lines between gaming and reality.
The event drew a guest list spanning entertainment, sports and gaming, including actors O’Shea Jackson Jr., Trevor Jackson and Khleo Thomas, who arrived by Slingshot, rapper Symba, social media star Lin Lamar (Pinkchyu), and Monster Energy UFC fighters Johnny Walker and Jalin Turner.
Guests lined up around the block for a jam-packed program, featuring a live edition of The Flank, hosted by ZooMaa and Ben Nissim, including an interview with Infinity Ward developer Jacky Reynolds and the reveal of the CDL Launch Invitational groups. Fans also got a closer look at Modern Warfare 4’s DMZ mode during a gameplay showcase led by Infinity Ward game designer Roman Spazafumo.
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“With Call of Duty, we’re always looking for ways to push the experience beyond the screen,” said Jordi Gayola, CMO of the Americas at Monster Energy. “Bringing this launch to Cosm gave us an incredible opportunity to put fans, athletes and creators right in the middle of the action. It’s about bringing our worlds together and creating the kind of unforgettable experience that only Monster Energy can deliver.”
Beyond the main gameplay, fans enjoyed exclusive merchandise giveaways and immersive experiences, while the Modern Warfare 4-themed experience extended to the menu, which featured Korean-inspired dishes including kimchi mandu, Korean corn cheese nachos, and gochujang-glazed wings, alongside complimentary Monster Energy throughout the venue.
The launch also spotlighted Monster Energy’s ongoing Call of Duty promotional partnership, running through March 31, 2027. Fans can earn 15 minutes of Double XP per qualifying Monster Energy Original Green, Zero Sugar or Zero Ultra can, alongside exclusive in-game rewards, including a Large Decal, two weapon blueprints and two Operator Skins unlocked across the first five cans. The collaboration also extends beyond the game through four Monster Energy x Polaris vehicle sweepstakes at participating 7-Eleven, Hy-Vee, QuikTrip and RTG stores, with entry via retailer-specific QR codes in-store.
For more information on the Monster Energy x Call of Duty partnership, promotion and rewards, visit callofduty.monsterenergy.com.
Images from the Monster Energy Call of Duty®: Modern Warfare® 4 Launch Day are available HERE.
Photo Credit: Randy Shropshire/Getty Images for Monster Energy.
About Monster Energy
Based in Corona, California, Monster Energy is a leading marketer of energy drinks and alternative beverages. Known for its connection to action sports, motorsports, music, gaming and athletes around the world, Monster Energy fuels the passions of its fans through products, partnerships and experiences that bring communities together. For more information, visit MonsterEnergy.com.
Media Contact:
press@monsterenergy.com
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SOURCE Monster Energy
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SAN FRANCISCO, Oct. 25, 2026 /PRNewswire/ — In its new campaign, Come Back to Firefox, the independent browser by Mozilla reunites personalities behind some of the early internet’s biggest viral videos and memes for one simple message: The internet you loved is still here, and Firefox is the easiest way back.
This multi-market campaign is aimed at people who once used Firefox and left. While it nods to the past, Firefox continues to evolve, giving people more reasons to love and rediscover it today. It arrives after a transformative year for the browser:
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Increased protection and control: New products and features shipped including a free built-in VPN to help keep browsing private, with no extra download or cost. AI Controls, to let people decide when and whether to use AI, and an Ad Blocker for Firefox on iOS for fewer ads and trackers.
Brand and culture: A new modern design, a first sports partnership with Wrexham AFC and World Cup presence connecting Firefox to one of the year’s biggest cultural moments.
“Firefox was there then, we’re here now, and what we stand for matters more than ever,” said John Solomon, Chief Marketing Officer at Mozilla. “People who left Firefox years ago will find a browser that’s more private and gives them more control, including over AI.”
The Campaign
Come Back to Firefox brings together some of the world’s most memorable internet icons: Numa Numa Guy, Bad Luck Brian, Overly Attached Girlfriend, Kelly of “Shoes” fame, Where the Hell Is Matt?, Annoying Orange, Apparently Kid, Tay Zonday, Chuck Testa, Success Kid, and Evolution of Dance. Each takes on a modern frustration with humor:
Overly Attached Girlfriend may have wanted to know everything about you, but your browser shouldn’t.Dancing Matt boogied all over the world, without any corporations tracking him or selling his personal data.And while Annoying Orange is still incredibly annoying, he’s not as annoying as forced AI features.
The campaign launches in the United States Sunday, October 25th, with two distinct 30-second commercials airing on NBC. Next, it rolls out in Germany, France, and the United Kingdom.
“Being on set was a reminder of why those moments mattered,” said Solomon. “Ordinary people making things on the internet that made it feel so surprising and fun, and that’s the feeling we wanted to bring back.”
The campaign was created by award-winning independent agency We Believers, and brought to life by directing collective Sunny Sixteen and production company nobodys. Together, they meticulously recreated each performance, look, and even the sets from the original videos, taking each internet personality back to where their story began.
“We wanted an idea that truly belongs to Firefox, a challenger browser that helped shape the internet’s golden years and stayed independent as Big Tech took over,” said Gustavo Lauria, Founder and CCO at We Believers.
The campaign is one of Firefox’s most ambitious yet but is rooted in what has always set the browser apart from Big Tech: its commitment to putting people before profits and giving them more control over their online experience. Now, Firefox says it’s never been a better time for people who once used the browser to take another look.
About Firefox
Firefox is a web browser developed by Mozilla, built to give people more choice and control over their online experience. With built-in tracking protection, customization options, and a commitment to an open internet, Firefox offers an alternative to browsers developed by the world’s largest technology companies. Learn more at firefox.com/welcomeback.
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Best AI Tools for Small Business Marketing (2026): CapCut Featured for Creating Professional Video and Visual Content by Expert Consumers
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NEW YORK, Oct. 25, 2026 /PRNewswire/ — Expert Consumers has recognized CapCut in its 2026 coverage of the best AI tools for small business marketing, highlighting the platform’s collection of AI-powered features for creating and editing video, images, audio, and other visual content. The recognition reflects growing interest in tools that support practical marketing activities, including campaign development, promotional content production, and adapting creative assets for different digital channels.
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Seedance 2.0 – an AI video generation model that creates videos from text prompts or imagesSeedream – an AI image generation model that creates high-quality visuals from text prompts
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CapCut provides a range of AI-assisted capabilities that support several stages of content production. These include prompt-based video generation, AI image creation, background removal, image expansion, music generation, and photo animation. For small businesses managing marketing internally, these functions offer options for developing creative assets without relying entirely on manual production processes.
AI Video Generation Supports Promotional Campaigns
Video is an important format for demonstrating products, explaining services, and introducing new offerings. Small businesses can use video across social media, websites, digital advertisements, and online product pages. Producing content regularly, however, can require considerable planning and editing.
CapCut’s Seedance 2.0 AI video generator offers a prompt-based approach to video creation. Users can describe a creative concept and generate video content that serves as a starting point for further editing.
For a small retailer preparing a product promotion, AI-generated video can help explore different visual approaches before a final concept is selected. A service provider could use the same process to develop ideas for an explainer or an introductory campaign.
Prompt-based generation can reduce the effort involved in developing initial concepts. Generated material still requires review to ensure the finished video accurately represents the business, communicates the intended message, and follows relevant brand guidelines.
AI Image Creation Helps Develop Marketing Materials
Visual content plays a central role in how businesses present products and services online. Promotional graphics, campaign imagery, and social media visuals need to communicate a clear message while maintaining a recognizable style.
CapCut’s Seedream AI image generator enables users to generate images from text prompts. The tool can support concept drafts, campaign planning, and experimentation with different visual directions before final assets are prepared.
For example, a small business planning a seasonal campaign could explore different visual themes and compositions during the early planning stage. These drafts can help establish a creative direction before additional time is spent refining the final materials.
CapCut’s GPT Image 2 provides another option for generating images from natural language instructions. The feature can support the development of promotional imagery, marketing graphics, and other visual assets.
AI image generation gives businesses more opportunities to test creative ideas during campaign development. However, generated images should be checked for visual errors, accurate product representation, and consistency with the intended brand identity before publication.
Image Editing Simplifies Content Preparation
Creating new marketing assets is only part of the production process. Existing photographs and graphics often need adjustments before they are suitable for different platforms.
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For a small retailer, background removal can make it easier to prepare product images for online listings or promotional materials. Separated subjects can be incorporated into new compositions without recreating the entire image.
The AI Image Extender addresses a separate challenge: adapting images to different dimensions. The tool generates additional visual content beyond an image’s original boundaries, helping users adjust compositions without relying entirely on cropping or stretching.
A campaign may require square graphics for social media, vertical visuals for mobile viewing, and horizontal banners for a website. Image expansion provides another option for adapting existing assets to those formats.
These editing capabilities can help reduce repetitive production work while supporting a more consistent presentation across marketing channels.
AI Audio and Photo Animation Expand Creative Options
Marketing content often combines visuals, movement, and sound. Music can establish a mood, support storytelling, and help create a more complete video presentation.
CapCut’s SeedMusic AI audio generator supports AI-assisted music creation based on prompts. The feature can help develop audio for promotional videos, product demonstrations, and social media content.
Generated music offers a starting point for matching audio to a campaign’s intended atmosphere. Before publication, businesses should review the output and confirm that the applicable usage terms cover the intended commercial application.
CapCut also provides a Photo-to-3D tool that transforms still images into more dynamic visual presentations. This capability can help repurpose existing photography for promotional videos, social posts, and digital campaigns.
For small businesses with an existing collection of product images, adding movement can provide another way to present familiar assets. The approach also expands the range of creative formats available without requiring every campaign to begin with new photography.
Connecting AI Tools to Everyday Marketing Workflows
The practical value of AI-powered creative tools depends on how effectively they address specific marketing needs. Small businesses do not necessarily need every available feature for every campaign. Selecting tools according to content requirements can help keep production focused.
A retailer might begin with Seedream to explore campaign concepts, then use GPT Image 2 to generate supporting visuals. Background removal can help prepare product photography, while AI Image Extender can adapt selected assets to different layouts. Seedance 2.0 can support video concept development, with SeedMusic offering an option for accompanying audio.
A service-based business might prioritize short promotional videos, explanatory graphics, and social media content instead. The same collection of tools can support different production requirements depending on the business model and campaign objectives.
Using AI does not remove the need for creative direction or quality control. Content should be checked for factual accuracy, appropriate product representation, brand consistency, and compliance with advertising requirements. Human review also helps ensure that generated assets serve a clear marketing purpose rather than adding unnecessary material to a campaign.
AI-Assisted Marketing for Small Businesses
Interest in the best AI tools for small business marketing reflects the need for practical ways to produce and adapt digital content. Businesses must balance the demand for regular campaign updates with the resources available for creative production.
Expert Consumers’ recognition of CapCut highlights the platform’s range of AI-assisted functions for video generation, image creation, editing, audio production, and photo animation. These capabilities offer small businesses several options for developing marketing materials across digital channels.
As AI becomes more integrated into content production, effective use will depend on matching the right tools to specific tasks. With clear campaign objectives, careful editing, and appropriate review, CapCut’s creative features can help businesses develop marketing assets while reducing some of the repetitive work involved in preparing content for publication.
Visit the Expert Consumers site for the full review.
About CapCut
CapCut is an AI-powered photo and video editing platform designed to make high-quality video creation accessible across devices. The platform supports creators, businesses, and everyday users with tools for video editing, AI video generation, captions, templates, audio, and visual editing. CapCut is available across mobile, web, desktop, and iPad experiences, helping users create, edit, and prepare video content for social media, marketing, education, and personal projects.
About Better Business Advice: Better Business Advice covers the news and strategies driving modern business success. The information provided by Better Business Advice does not, and is not intended to, constitute legal advice; instead, all information, content, and materials are for general informational purposes only. As an affiliate, Better Business Advice may earn commissions from services mentioned in the links provided.
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