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Tax time in Australia: ATO reveals three common mistakes that could cost you

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As tax time fast approaches, the three big ticket items in the ATO’s sights have been revealed.

The Australian Taxation Office (ATO) this week announced it would be cracking down on taxpayers who incorrectly claimed work-related expenses, inflated claims for rental properties and failed to include all income when lodging.

These are among the most common mistakes taxpayers make — and while they are often genuine, sometimes they are deliberate, the ATO said.

Last year, the tax office changed the way taxpayers claimed working-from-home deductions when it abolished the $0.80/hour “shortcut” rate and the $0.52/hour fixed rate to calculate deductions from July 1, 2022 in favour of a new fixed rate of $0.67/hour.

The changes came with tighter record-keeping requirements and broadened the items included in the rate.

In 2023, more than eight million people claimed a work-related deduction, and about half of those claimed a deduction related to working from home.

With last year’s changes in full effect this financial year, the ATO is warning taxpayers to ensure they have comprehensive records to back up their claims.

This means using records, such as a spreadsheet or calendar, to prove the hours worked from home, and keeping bills to prove the additional costs incurred from doing such.

“Deductions for working from home expenses can be calculated using the actual cost or the fixed rate method, and keeping good records gives you the flexibility to use the method that works for you, and claim the expenses you are entitled to,” ATO assistant commissioner Rob Thomson said.

“Copying and pasting your working from home claim from last year may be tempting, but this will likely mean we will be contacting you for a ‘please explain’.”

The ATO’s golden rules for claiming a work-related deduction

  • You must have spent the money yourself and were not reimbursed,
  • the expense must directly relate to earning your income, and
  • you must have a record to prove it.

Rental properties also remain a hot topic for the tax office, with its data revealing nine out of 10 rental property owners get their income tax returns wrong.

“We often see landlords making mistakes when it comes to repairs and maintenance deductions on rental properties, so we’re keeping a close eye on this,” Thomson said.

“This year, we’re particularly focused on claims that may have been inflated to offset increases in rental income to get a greater tax benefit.”

A common mistake rental property owners made last year was confusing general maintenance and capital expenses.

“You can claim an immediate deduction for general repairs like replacing damaged carpet or a broken window,” Thomson said.

“But if you rip out an old kitchen and put in a new and improved one, this is a capital improvement and is only deductible over time as capital works.”

If in doubt, turn to a registered tax agent for assistance, Thomson said.

A waiting game

While many taxpayers may be keen to lodge their return as soon as possible, the tax office has warned against rushing in on July 1.

People who receive income from multiple sources need to wait until it is pre-filled before lodging.

For most people, this will automatically be pre-filled by the end of July, saving them time and helping them get their return correct.

“We see lots of mistakes in July where people have forgotten to include interest from banks, dividend income, payments from other government agencies and private health insurers,” Thomson said.

“By lodging in early July, you are doubling your chances of having your tax return flagged as incorrect by the ATO.

“We know some prefer to tick their tax return off the to-do list early and not have to think about it for another 12 months, but the best way to ensure you get it right is to wait for just a few weeks to lodge.”

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Manga Tech Startup Orange, Inc. Raises JPY 2.9B (USD 19.5M) in Pre-Series A Financing

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Entertainment technology company accelerates its mission: “Creating a world where everyone enjoys manga.”

TOKYO, May 7, 2024 /PRNewswire/ — Orange, Inc., a manga localization technology company, today announced JPY 2.92 billion (approximately USD 19.5 million* ) fundraising in pre-series A financing.
*Exchange rate: USD 1 = JPY 150

Special manga “Let’s Go! Mr.Orange”

For full View: https://orange.inc/special

The financing round was led by Shogakukan, Globis Capital Partners, ANRI, SBI Investment, JIC Venture Growth Investments, Miyako Capital, Chiba Dojo Fund, Mizuho Capital, Mitsubishi UFJ Capital, and GFR Fund.

The funds will be used to develop a localization product based on deep learning models and to launch their digital manga store in the summer of 2024.

About the Global Manga Industry

Orange is an entertainment technology startup from Japan dedicated to the manga industry. The company leverages deep-learning technology to address significant global market opportunities and historical development challenges within the traditional production of the Japanese art form.

The global manga market has shown substantial growth, with a compound annual growth rate (CAGR) of 10%, and is expected to reach USD 42.2 billion market in 2030 (Manga Market 2023 report by Grand View Research, Inc.). This traditional entertainment in Japan has evolved into a global IP industry, reflecting an expanding audience for manga and its adjacent industries, such as anime.

However, only a fraction of works—according to Orange’s research, approximately 2% of manga released annually in Japan—has been formally translated and made available in English, partly due to the difficult and lengthy translation process and the limited number of translators. Adding to this, the global piracy market for manga was $ 5.5 billion in 2022 (Content Overseas Distribution Association), which significantly harms the industry and the rights of wonderful creators and artists.

Orange’s Challenges

Orange is breaking through these issues by developing innovative technologies that enhance the capacity of localization and enable the worldwide simultaneous distribution of manga, working closely with several publishers.

Orange has been developing a manga-dedicated localization system since it was founded. It enables significant efficiencies in the localization process of manga by integrating cutting-edge computer vision and natural language processing technologies developed by a top-class deep learning engineering team.

Their proprietary system uses their localization operation process, enabling a capacity for Japanese-to-English localization of up to 500 manga volumes per month. This is 5x more than the current production capacity of the whole localization market, according to Orange’s estimates. Orange will also work on localizing manga into other languages, ensuring that manga fans across the world can enjoy manga in their native languages.

In the summer of 2024, the company will also launch a digital manga store named “emaqi” in the US. “emaqi” will include titles localized by Orange. It will feature recommendations suggested by AI technology and manga influencers to offer new and fun experiences to all manga fans in the US.

Goals and Vision

“Since we were founded in 2021, our vision has been to share ‘all manga’—the manga that has moved us and that we dearly love—in all languages across the globe,” said Shoko Ugaki, Founder and Chief Executive Officer. “Manga covers a wide and diverse variety of themes. Our goal is to foster a global society where manga is an everyday joy for everyone, from children to adults.”

For additional information, please visit our website or contact our press team. 
Website: https://orange.inc

About Orange Inc.

Founded in 2021, Orange, Inc. has been focusing on its mission of “creating a world where everyone enjoys manga” by developing manga localization technology for mass localized publishing. We wish to empower the life of each manga fan, regardless of nationality, age, or gender, through delivering diverse and unique manga. We strive to pass down the joy of manga to future generations.

Contact:
Orange Inc.
info@orange0.jp 














emaqi logo.
emaqi logo.

Source: Orange Inc.

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Datasea Pre-Announces Estimated Revenue of $12.5 Million for April 2024 Supporting its Prior Revenue Guidance of $86 Million for Fiscal 2024

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DTSS on Track to Achieve Record Revenue for Fiscal 2024 as it Further Penetrates China’s $528 Billion 5G Market

BEIJING, May 6, 2024 /PRNewswire/ — Datasea Inc. (NASDAQ: DTSS) (“Datasea” or the “Company”), a digital technology company incorporated in Nevada and engaged in innovative business segments for acoustic high tech and 5G-AI multimodal communication technology in China, pre-announced estimated revenue of approximately $12.5 million for the month of April 2024. This revenue, which is mainly attributable to Datasea’s 5G multimodal communication business, supports the Company’s revenue previously announced guidance of $86 million for its full fiscal year, representing a 1,128% year-over-year increase.

Datasea’s CEO, Zhixin Liu, commented, “Our projected revenue stems primarily from our leading 5G-AI multimodal communication business. Through relentless effort and continuous innovation, we have established solid cooperative relationships with major clients, providing strong impetus for the company’s business growth, and we expect to achieve revenue of $86 million for the full fiscal year, as projected. Our clients include important partners whose trust and support represent a vital factor in our success.”

The Company’s announcement of estimated revenue of approximately $12.5 million for the month of April 2024 accelerates the Company’s revenue ramp, as it recorded approximately $11.3 million in revenue for the three months comprising its second quarter ended December 31, 2023. The Company will announce its third quarter financial results for the period ended March 31, 2024, in mid-May.

Datasea’s 5G Communications Segment

Datasea serves more than 48 million enterprises and individual users in China with digital and intelligent services utlilizing its AI, machine learning and data analytic capabilities that result in an array of 5G intelligent products and solutions. Datasea’s 5G-AI multimodal communication represents a technological breakthrough based on the Company’s original 5G messaging service. Leveraging the world’s largest 5G network, computational power network, and middleware capabilities, the Company achieves multimodal data transmission through technological iterations and upgrades.

Datasea has completed a major upgrade of its core 5G multimodal communication business with AI processing technology. Currently, it can achieve AI creation and generation of various information forms including sound, text, images, and videos, as well as efficient transmission and AI digital human marketing functions. This capability can empower numerous industries and clients with highly effective marketing and video matrix capabilities. It can confer highly positive benefits to our clients in terms of brand enhancement, customer acquisition, market promotion and revenue uplift.

Datasea’s Intelligent Acoustics Segment

Datasea is a leading developer of intelligent acoustics and is committed to its technological advancement. The Company focuses on ultrasound, infrasound, directional sound and Schumann resonance technology to meet the evolving needs of its customers and communities worldwide. The Company’s core products include a series of acoustic products under the “Hailijia” brand, equipped with ultrasonic core modules featuring powerful functions such as sterilization, odor elimination, and air purification. These products can be widely used in various spaces including bedrooms, closets, bathrooms and various public spaces, providing households and businesses with clean, hygienic, and secure environments. The “Star Dream” brand’s acoustic sleep aid products utilize specific ultrasonic wavelengths to provide users with a quiet and comfortable sleep environment.

The Company’s products are currently being sold in China, and through its wholly-owned subsidiary, Datasea Acoustics LLC based Delaware, the Company plans to introduce its cutting-edge antivirus acoustic solutions to the US market. In April 2024, Datasea entered into an agreement with iPower Inc. (NASDAQ: IPW) to expand the distribution of its acoustic-related products in the U.S. online market.

Financial Disclosure Advisory

The preliminary results for April 2024 are an estimate, based on information available to management as of the date of this release, and are subject to further changes upon completion of the Company’s standard quarter and year-end closing procedures. This update does not present all necessary information for an understanding of Datasea’s financial condition as of the date of this release, or its results of operations for the period discussed. As Datasea completes its year-end financial close process and finalizes its financial statements for the year ended June 30, 2024, it will be required to make significant judgments in a number of areas. It is possible that Datasea may identify items that require it to make adjustments to the preliminary financial information set forth above and those changes could be material. Datasea does not intend to update such financial information prior to release of its audited financial statements for the year ended June 30, 2024.

About Datasea Inc.

Datasea Inc. (“Datasea”) is a leading provider of products, services, and solutions for enterprise and retail customers in two innovative industries, acoustic high tech and 5G-AI multimodal communications. The Company’s advanced R&D technology serves as the core infrastructure and backbone for its products. Its 5G multimodal communication segment operates on a cloud platform based on AI. Datasea leverages cutting-edge technologies, precision manufacturing and ultrasonic, infrasound and directional sound technology in its acoustics business to combat viruses and prevent human infections, and it is also developing applications in medical ultrasonic cosmetology. In July 2023, Datasea established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware, in a strategic move to enter the U.S. markets and to mark its global expansion plan. For additional information, please visit www.dataseainc.com.

Cautionary Note Regarding Forward-Looking Statements 

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “target”, “going forward”, “outlook,” “objective” and similar terms. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and which are beyond Datasea’s control, which may cause Datasea’s actual results, performance or achievements  (including the RMB/USD value of its anticipated benefit to Datasea as described herein) to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea’s filings with the SEC, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

Investor and Media Contact: 

Datasea Investor Relations
Email:  investorrelations@shuhaixinxi.com
            sunhezhi@shuhaixinxi.com

Precept Investor Relations LLC

David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com

Source: Datasea Inc.

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These 5 NYC tourist sites prove lasting popularity of ‘Friends’ TV sitcom

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“The Last One” aired on May 6, 2004. 

Young adults around the world felt the loss.

It was the final episode of “Friends,” the wildly popular sitcom that portrayed the lives of six 20-somethings in search of love and meaning in New York City. 

With humor and heartbreak, slapstick and sympathy, the TV series shared tales of Chandler (played by Matthew Perry), Joey (Matt LeBlanc), Monica (Courteney Cox), Rachel (Jennifer Aniston), Ross (David Schwimmer) and Phoebe (Lisa Kudrow). 

‘SEINFELD’ SET STAGE FOR SITCOM GOLD IN NYC DINER, TOURISTS STILL FLOCK TO EATERIES THAT PLAYED A PART

“What has truly stood the test of time is its laugh-a-minute humor — a perfect storm of smart writing and flawless performances by the perfectly cast ensemble,” Australian Women’s Weekly reported last year following the death of Perry

His loss was mourned around the world, as the Aussie magazine attests. 

Friends stars cuddle in bed for sitcom promo photos

Matthew Perry (third from right) starred alongside Lisa Kudrow, Jennifer Aniston, Courteney Cox, Matt LeBlanc and David Schwimmer in “Friends.” (Hulton Archive)

A global fan base has made New York City the bucket-list destination for “Friends” fans from far and wide — even though the show was filmed at Warner Bros. Ranch in Burbank, California.

5 favorite ‘Friends’ destinations in New York City

1. The Friends Experience

This interactive new tourist attraction did not appear on the show. 

The One in New York City” opened only in 2021.

The Friends Experience

Long lines are shown outside the flagship location of The Friends Experience, 130 East 23rd Street in Manhattan. (Joan Slatkin/UCG/Universal Images Group via Getty Images)

But it serves as a Manhattan museum of “Friends” lore and memorabilia, including the show’s signature orange couch, the kitchen that was a centerpiece of the show and Rachel’s memorable cow jacket. 

TIKTOK TRENDING QUESTION ABOUT ‘BEING STUCK IN A FOREST’ WITH ‘A MAN OR A BEAR’ YIELDS STRATEGIC TIPS

The Friends Experience also boasts “The One in Boston” and — coming soon — “The One in Miami.”

2. The apartment

The connection fans felt to “Friends” was proven in Oct. 2023, when Perry died after a struggle with addiction.

Fans flocked to the Greenwich Village apartment building at 90 Bedford St., whose facade served as the setting of the series. 

The "Friends" apartment

Tributes and flowers for Matthew Perry at the “Friends” apartment building in Manhattan on Nov. 1, 2023 in New York City.  (Jose Perez/Bauer-Griffin/GC Images)

Distraught fans left flowers, mementos and held vigils outside the location as if it were the actual home of Perry and his “Friends.”

3. The ‘Friends’ fountain

The fountain that appears in the “Friends” famous opening credits looks quite similar to the Cherry Hill Fountain in Central Park. 

BASEBALL FANS ARE DRAWN TO NYC HOUSING PROJECT BUILT OVER FABLED SPORTS PALACE THE POLO GROJNDS

Given the show’s setting in Manhattan, visitors naturally post pictures on social media boasting that they found the “Friends” fountain.

The group that manages Central Park has been forced to address the TV tourism controversy. 

Cherry Hill Fountain

Cherry Hill Fountain in Central Park with view of towers of San Remo building, New York City. The fountain is often mistaken by tourists as the one that appears in the opening credits of the TV show “Friends.” (Mehul Patel/Alamy Stock Photo)

“Cherry Hill is still a popular destination for enjoying views of the lake and the cherries blooming in the spring,” the Central Park Conservancy writes online. 

“Although the Cherry Hill Fountain looks similar, the fountain in the show was in fact filmed at a studio in Los Angeles.”

4. Chandler’s office 

Perry’s character works as a “transpondster” — monitoring data in an ominous skyscraper with a signature slope. 

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It is actually the Solow Building at 9 West 57th St. in Midtown Manhattan.

Janice and Chandler in "Friends"

“The One With the Monkey” from TV series “Friends” with Maggie Wheeler as Janice Hosenstein and Matthew Perry as Chandler Bing.  (Alice S. Hall/NBCU Photo Bank/NBCUniversal via Getty Images via Getty Images)

The skyscraper is a celebrity in its own right.

“This famous building has also featured in other TV shows and films,” reports GoCity.com, including “Sex & the City,” “Zoolander” and “Superman,” among others.

5. Ross’s museum

The popularity of “Friends” made Ross the world’s most famous paleontologist, working at the New York Museum of Prehistoric History. 

Scene from "Friends"

Scene from “The One Where Ross Finds Out” from TV series “Friends,” with David Schwimmer as Ross Geller and Jennifer Aniston as Rachel Green.  (Robert Isenberg/NBCU Photo Bank/NBCUniversal via Getty Images via Getty Images)

The prehistoric museum does not exist. 

The stately building that played the part was actually one of Manhattan’s most famous landmarks, the American Museum of Natural History along Central Park. 

It was the setting for “Friends” moments as monumental as its architecture.

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“Just in case you need your memory jogged,” DigitalSpy.com reports, “it’s where Ross and Rachel first do the deed, and lest we forget, was the setting for sandwich-gate.”

For more Lifestyle articles, visit www.foxnews.com/lifestyle.

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‘Beautiful, buttery soft leather’: Grab this Kate Spade bag for over $100 off — plus other deals of the day

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Wake up and smell the savings! It’s a new day with new ways to save — if you know where to look. We’ve done the legwork and found the best deals worth shopping now. Today you can score a gorgeous Kate Spade tote for over $100 off, fun Lego flowers that will never wilt for $48 and a Coach bag for an incredible 70% off — plus plenty of other Mother’s Day-worthy picks. Don’t miss the 10-in-1 Ninja Foodi for $100 off and cushy Sanuk flip-flops for just $32. Keep scrolling and get your spring shopping on.

Kate Spade

Spoil Mom (or yourself) this Mother’s Day with a gift that won’t leave her side. This Kate Spade crossbody — over $100 off at checkout — is a classic beauty, and it gets even better inside. The main center compartment zips shut and interior pockets zip and snap. The tote doubles as a crossbody, thanks to the detachable, adjustable strap. We love this warm, go-with-everything taupe, but check out all the fab options, including cream and icy blue croc styles for just $209 and a bold pink.

“This might be my favorite KS handbag design,” wrote a fan who snapped up three styles! “Beautiful, buttery soft leather with an even softer interior. Design is clever with a larger handbag utility in a much smaller size with so many compartments!”

Another added: “It’s got that signature Kate Spade flair that catches eyes, but it’s also timeless enough to go with any outfit, whether you’re rocking jeans and a tee or dressing up for a fancier affair.”

Check out our comprehensive Mother’s Day gift guide for more ideas for Mom.

$244 at Kate Spade

Coach Outlet

Another giftable option: This shapely leather Coach shoulder bag, which is currently a wild 70% off. At that discount, this beautiful bag is bound to sell out. It’s got it all: two zippered pockets, a roomy interior, a helpful inner pocket and a zippered closure. The reddish-gold hue complements pretty much anything in your wardrobe.

“Love love love,” wrote one smitten shopper. “This bag is well constructed, fits everything I need to carry, including my laptop, and is absolutely, amazingly gorgeous.”.

$158 at Coach Outlet

Amazon

Wow her this Mother’s Day with a steady stream of photos and videos — and save $50! This smart 10-inch frame lets you preload photos and videos and send more from afar via the Frameo app. All she’ll need to do is touch the screen to switch photos. (Multipacks are also on sale.)

One delighted shopper wrote, “I love sending and receiving photos on this. It makes me smile to look up and see I’ve been sent new photos. Great way to stay in touch with relatives who don’t live close by.”

$50 at Amazon

Amazon

Wave this magic wand around your car, home or office and watch the dirt, crumbs and pet hair disappear. At just over a pound, the vac feels like virtually nothing, but sucks it all up with ease. The crevice nozzle helps it fit into tight spots, and the built-in LED illuminates dark corners. Two HEPA filters are included.

“Perfect little vacuum to keep in the car!” said one five-star shopper. “It’s powerful enough to get all the crumbs and dust and small enough to keep in the back seat pocket for easy access. Love the little attachment to help reach between the seats.”

$34 at Amazon

Walmart

A fresh bouquet is a lovely Mother’s Day gift, but let’s be honest — it’s not all that original, and it will quickly become a wilted mess. Not so with these everlasting Lego blooms! Bond as you build the 939-piece set together, then she can display the vibrant wildflower build for years to come. Right now, they’re down to $48 (was $60).

One five-star shopper raved, “The colors are fantastic and rich. The plant designs are refined and fairly accurate at reproducing the different varieties of flora. This set can be built in under an hour and features simple, easy-to-understand instructions. The instruction booklet also includes informative paragraphs about the designer, the plants, as well as the parts used in creating the set. … This is a fun and rewarding set and actually similarly priced to a bouquet of live cut flowers.”

$48 at Walmart

REI

Snag these cushy Sanuk flip-flops for a low $32 (was $50) at REI. The soft contoured footbed and EVA midsole mean your feet can enjoy long walks on the beach as much as you do. Hemp, algae and recycled sponges were used in the making of these sustainable thongs. Available in sizes 5 to 11.

“Super comfy,” raved one fan. “These are a bit thicker than expected, but very comfy, and I like that the strap is higher.”

$32 at REI

Amazon

With all the cool, multitasking air fryer/ovens out there, it can be hard to know which one to pick. But according to 10,700 five-star reviewers at Amazon, the Ninja Foodi 10-in-1 is the way to go —and it’s currently $100 off and the lowest price of the year! Add to cart now, and it’ll be air frying, baking, broiling, toasting, roasting up a storm for you in no time.

“I use this every day!” wrote one fan. “We are a family of six and I have been wanting this larger size Ninja air fryer. … I am short on kitchen counter space but honestly this thing could almost replace my oven and microwave if I needed it to! … I have been using it at least once (but usually multiple times) per day. I make chicken breasts from frozen super easily using the air roast function, I also air roast zucchini and red onion slices to go with the chicken and man, oh man is it all delicious and so simple! … We also make pizza in this, as well as various veggies and snacks like green bean fries and cauliflower tots.”

$230 at Amazon

Amazon

As we shed layers and bare our skin, we may find a hairy situation. For an alternative to annoying razors and expensive salon visits, check out this No. 1 bestselling laser hair removal tool. The permanent hair zapping tech is effective on darker hairs that contrast with fairer skin, and the device works almost anywhere hair grows — chin, bikini line, legs, pits, arms. Just avoid the eye area. 

“Run don’t walk,” advised a happy reviewer. “I have dark, coarse hair and have dealt with razor bumps my whole life. I did not expect this to work as well as it has. I wish I had a before-and-after because I am too stunned to speak. I am only on week five and I have about 85% less hair growth. … It is tedious, but the auto feature is helpful and trust me, it is worth every second of your time.”

Save $35 with coupon

$60 at Amazon

Amazon

We’ve found the 007 of cheese boards and it’s nearly 45% off with the on-page coupon. The impressive bamboo server has four secret drawers, special slots and hidey spots galore. Of special note: a tray of knives and party tools that slides into the board. There are even markers and slate labels to id what’s on the menu, ceramic bowls and a round divided serving tray. 

You don’t have to wait for a party to enjoy this either. “Must buy for charcuterie board lovers,” wrote one five-star fan. “The quality is wonderful. … I should have gotten this ages ago. We do boards once or twice a week. I love this thing.” 

Save $35 with coupon

$45 at Amazon

Kate Spade

Class up your everyday essentials with this beautiful bifold. It’s made of soft, textured leather with a silky faille interior. The snappy five-inch wallet keeps you organized with four slots, a zippered pocket and a handy exterior slip pocket, and right now you can save $35.

It’s a great gift too! One happy recipient gave it a “10/10” and wrote, “I absolutely love this wallet! My boyfriend got it for me and its the perfect size and color. Super soft and great quality!”

$83 at Kate Spade

The reviews quoted above reflect the most recent versions at the time of publication.

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Sohu.com to Report First Quarter 2024 Financial Results on May 20, 2024

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BEIJING, May 6, 2024 /PRNewswire/ — Sohu.com Limited (NASDAQ: SOHU), a leading Chinese online media, video and game business group, will report its first quarter 2024 unaudited financial results on Monday, May 20, 2024, before U.S. market hours.

Sohu’s management team will host a conference call on the same day at 7:30 a.m. U.S. Eastern Time, May 20, 2024 (7:30 p.m. Beijing/Hong Kong time, May 20, 2024) following the quarterly results announcement.

Conference Call Preregistration

Participants can register for the conference call by click here, you will be led to the conference registration website. Upon registration, each participant will receive details for the conference call, including dial-in numbers and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.

The live webcast and archive of the conference call will be available on the Investor Relations section of Sohu’s website at https://investors.sohu.com/.

About Sohu

Sohu.com Limited (NASDAQ: SOHU) was established by Dr. Charles Zhang, one of China’s internet pioneers, in the 1990s. As a mainstream media platform in China, Sohu is indispensable to the daily life of millions of Chinese, providing a network of web properties and community based products which continually offer a broad array of choices regarding information, entertainment and communication to the vast number of Sohu users. Sohu has built one of the most comprehensive matrices of Chinese language web properties, consisting of the leading online media destinations Sohu News App, Sohu Video App, the mobile news portal m.sohu.com, the PC portal www.sohu.com, and the online video website tv.sohu.com; and the online games platform www.changyou.com/en/.

Sohu provides online brand advertising services as well as multiple news, information and content services on its matrix of websites and also on its mobile platforms. Sohu’s online game business, conducted by its subsidiary Changyou, develops and operates a diverse portfolio of PC and mobile games, such as the well-known Tian Long Ba Bu (“TLBB”) PC and Legacy TLBB Mobile.

For investor and media inquiries, please contact:

In China:

Ms. Huang, Pu
Sohu.com Limited
Tel:           +86 (10) 6272-6645
E-mail:      ir@contact.sohu.com

In the United States:

Ms. Bergkamp, Linda
Christensen
Tel:           +1 (480) 614-3004
E-mail:      linda.bergkamp@christensencomms.com

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Reproductive health and super contribution boosts for parental leave for government workers

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Queensland public servants will have 10 days’ reproductive health leave per year in an Australian-first initiative.

Queensland Premier Steven Miles has announced new entitlements for government workers providing days off for fertility treatments, chronic reproductive health conditions such as endometriosis and preventative screening for breast and prostate cancers.

Workers will also be granted leave for reproductive health treatments such as hysterectomies and vasectomies.

The scheme is set to be in place by the end of September.

The move has been welcomed by unions as a huge win for workers.

“Most of us have experienced, or will experience at some stage in our working lives, issues related to our reproductive health,” Queensland Unions General Secretary Jacqueline King said on Monday.

“Having access to leave and flexibility in work arrangements can make all the difference to help manage sometimes extremely personal issues in a work environment.”

Miles also announced changes to superannuation payments for government workers.

Public service workers who take unpaid maternity or paternity leave will have their super contributions paid for by the government for the duration of the 52 weeks of parental leave from July.

Superannuation is currently only paid to workers on paid parental leave.

Data from 2020-2021 found that the average superannuation balance gap between men and women in Queensland was 19.8 per cent, with only 13.9 per cent of Queensland women relying on their superannuation as their main source of retirement income.

“I don’t think it’s good enough that the primary caregiver, predominantly women, are disadvantaged at retirement,” the premier said.

“That’s why my government will begin to pay superannuation to those in the public sector on all parental leave, paid and unpaid, to ensure the ongoing economic security of new parents, especially women.”

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Why more companies are using AI to respond to negative online reviews

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Travel companies are turning to generative AI to respond to complaints and negative reviews. But it’s controversial in an industry that prides itself on personalized service, reports CNBC’s Travel Editor Monica Pitrelli.

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Your vacation was ruined, and the company apologized — with a heartfelt note written by ChatGPT

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Responding to angry customers is one of the hardest parts of her job, Natasha said.

Finding the right words, conveying the appropriate level of contrition — especially when the hotel isn’t at fault (read: rain complaints) — is a tedious and time-consuming process, said the director of a five-star resort, who asked that CNBC not use her real name to protect the resort’s name.

But now she has a secret weapon: generative AI.

Natasha pastes a traveler’s complaint into ChatGPT and asks the chatbot to write a response.

She said a task that would easily take her an hour is done “in two seconds.”

‘A pretty good job’

For all its faults, ChatGPT “does a pretty good job” responding to customer complaints, Natasha said.

“One [response] was much better than what I would have done,” she said. But “it has to be checked …you have to read through it.”

Responses tend to be “schmaltzy” and adjective-laden, she said. Still, they “hit the points of like ‘We’re sorry, we wish we could have done something, we’ll do better’ kind of thing.”

Why more companies are using AI to respond to negative online reviews

They also address every complaint mentioned by a traveler.

“It’s hard to write these letters; you have to go through line-by-line,” she said. “You wouldn’t be doing the person justice, if you didn’t respond to everything on the list … the AI does this really well.”

But best of all, artificial intelligence isn’t defensive like humans, said Natasha.   

“The AI takes all the emotion out of it. Maybe the people were ass—–,” she said. “It doesn’t care.”

The ‘ghosting’ risk

Responding to negative online reviews is even harder, said Natasha, since they are so public.

Plus, research shows that companies that don’t respond to online reviews — even positive ones — can harm their brand’s reputation.

In a ranking of U.S. hotel chains by their “online reputations,” the tech company SOCi found that a driving factor for low scores was “ghosting” — that is, failure to respond to traveler reviews.

The need to constantly monitor and respond to online feedback is partly why using generative AI for “reputational management” is worth an estimated $1.3 billion to the travel industry, according to a 2023 report published by the travel market research company Skift.

Not only can large language models track sites where travel reviews appear — from TripAdvisor to Yelp to Reddit — they can also help companies “respond to reviews, especially negative ones,” the report, titled “Generative AI’s Impact on Travel,” states.

Some 45% of hotels use reputation or review management software already, it said.

A screenshot of a discussion about using ChatGPT to write reviews on Airhosts Forum, a website for Airbnb hosts.

CNBC

But short-term rental owners use AI for these purposes too, said Luca Zambello, the CEO of the short-term rental property management platform Jurny.

“The short-term rental/Airbnb industry has been early adopters,” he said. “Within the next five years, I would say it is probably going to be adopted by the vast majority of the industry.”

He said responding to reviews is time-consuming, which is one of the reasons his company provides this service.

“The majority of our users absolutely love it,” he said. “It is really a no-brainer for companies once they see how good it is.”

An open secret

Using AI to write penitent responses is a taboo topic in the travel industry, which prides itself on personal service. Conventional wisdom, too, has long held that apologies must “come from the heart.”

I want people to think that I am sitting there toiling away over their letter.

Natasha

Director of a five-star resort

When asked if she wants travelers to know she uses AI to respond to negative emails and reviews, Natasha said, “I sure do not. I want people to think that I am sitting there toiling away over their letter.”

One company that acknowledges using AI to deal with customer complaints is the travel booking platform Voyagu, which stores past customer communications to help travel advisors with future interactions, a company representative said.

“Travel advisors always reply to customers themselves, but Voyagu’s AI system tracks all communication — both written and verbal — and suggests a better way to respond,” she said.

Brad Birnbaum, CEO of the AI-powered customer service company Kustomer, said technology of this sort is being used “not just within hospitality, but really all forms of customer support.”

His company, which counts Priceline, Hopper and AvantStay as customers, uses AI to help customer service agents sound more professional, he said.  

“We will take text that is really rough and convert it to elegant text, to empathetic text,” he said.

Birnbaum said customers likely don’t know that their interactions with agents are either generated or improved by AI.

“And I don’t think they would care,” he said. “As a matter of fact, I think they probably welcome an agent system because they’re going to get a better response faster.”

More discovering it

Michael Friedman, CEO of the family-run vacation rental company Simple Life Hospitality, said his company does not use AI to respond to customers.

“We never write an email with AI,” he said. ‘There is still a personal element in the ‘tone of voice’ that I believe AI is missing. … I believe there is nothing better than the human touch.”

Wanping Aw, managing director of the Japanese travel agency Tokudaw, said she had never thought to use AI to respond to customer complaints. But after learning that other travel companies are, she decided to test ChatGPT with a real-life problem she recently faced.

She typed: “Our guests are travelling to Mt Fuji. Their bus engine just started smoking. They are scared and anxious to know what is going to happen to their itinerary. What should we do?”

The result? “PRETTY AMAZING!” she told CNBC by email. “ChatGPT suggested exactly what we did!”

The chatbot provided a six-step plan that included evacuating the travelers and arranging alternative transportation.  

Text showing the apology letter ChatGPT generated for Wanping Aw.

“Actually it’s better,” she said. “ChatGPT provided a good solution — better than my expectations — and also a great apology letter which I wouldn’t have able been to write under such stressful situations.”

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I shop sales for a living, and these are the Wayfair Way Day home deals I’m eyeing — save up to 80%

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I shop for home deals on the internet seven days a week, 24 hours a day and I have a little secret to let you in on — not all sales are worth your time. But I do have some good news to share: Upon checking out this year’s Wayfair Way Day home deals, I felt no need to shout, “Mayday!” There are some impressive finds up for grabs, whether you could use a new mattress, are looking to upgrade your cookware or want to make the most of your outdoor space this season. Trust me when I say there’s something for everyone (and every room of your home!) at the Wayfair Way Day sale.

Quick Overview

  • Wayfair Sleep 8-Inch Cooling Gel Memory Foam Mattress, Queen

    $150$270

    Save $120

  • Sealy Cool 12-Inch Memory Foam Mattress, Queen

    $385$1,199

    Save $814

  • Serta Perfect Sleeper 12-Inch Hybrid Mattress, Queen

    $568$1,149

    Save $581

  • Wayfair Basics 1800 Series Sheet Set, Queen

    $18$42

    Save $24

  • Wayfair Sleep Cooling Memory Foam Pillow

    $23$110

    Save $87

  • Charlton Home Darcelle 100% Turkish Cotton Bath Towel Set, 6-Piece

    $32$73

    Save $41

  • Hoover Dual Spin Pet Plus Carpet Cleaner

    $166$270

    Save $104

  • Shark Air Purifier 3-in-1 MAX with True HEPA

    $190$400

    Save $210

  • KitchenAid Classic Series 4.5-Quart Tilt-Head Stand Mixer

    $240$330

    Save $90

  • Cuisinart Deluxe Convection Toaster Oven Broiler

    $144$330

    Save $186

  • Sand & Stable Hertford Accent Chair

    $124$160

    Save $36

  • Ebern Designs Chelsea Upholstered Sofa

    $270$420

    Save $150

  • Millwood Pines Eoghan Lift-Top Coffee Table

    $120$170

    Save $50

  • KitchenAid Classic Knife Block Set, 12-Piece

    $53$135

    Save $82

  • Staub Ceramics Baker Set. 4-Piece

    $50$187

    Save $137

  • Staub 12-Inch Cast Iron Fry Pan

    $126$314

    Save $188

  • KitchenAid Nonstick Cookware Set, 10-Piece

    $130$335

    Save $205

  • Trent Austin Design Migel Wood Flat Mirror

    $110$399

    Save $289

  • Greyleigh 9-Pair Shoe Rack

    $45$98

    Save $53

  • Kelly Clarkson Home Helena Floor Lamp

    $138$332

    Save $194

  • Latitude Run Square Outdoor Dining Set

    $150$250

    Save $100

  • The Twillery Co. Buckhead Indoor & Outdoor Area Rug, 7’10” x 10′

    $95$299

    Save $204

  • Darby Home Co. Hayler Outdoor Fire Pit Table

    $125$220

    Save $95

  • Blackstone 28-Inch Griddle

    $200$300

    Save $100

See 19 more

How does a set of cooling queen-sized sheets for just $18 sound? (Pretty darn dreamy if you ask me!) You can also score a Staub iron skillet that Jennifer Garner loves cooking with for just $126 (that’s 60% off), a 3-piece outdoor bistro set for $150 and so much more. I’ve rounded up my top picks to save you some time — after all, you’ll want to snag these markdowns before the Wayfair Way Day sale ends on Monday, May 6.

For more info (and deals!), be sure to check out our explainer on all things Way Day 2024. Happy saving!

Wayfair

You don’t need to pay top dollar for a quality mattress and this $150 queen is proof! Made of ventilated, cooling gel memory foam, it was designed to help hot sleepers snooze more comfortably and comes with a breathable cover. This one’s on the softer side, FYI!

“It’s been almost two weeks and I can’t begin to tell you how amazing this mattress is,” wrote a relieved reviewer. “I wake up pain-free and feeling rested and rejuvenated, and I’ve noticed I’m falling asleep faster without much tossing or turning.”

$150 at Wayfair

Wayfair

Prefer a thicker sleep surface? This top-rated 12-inch mattress boasts CopperChill technology to ward off night sweats, along with a moisture-wicking material and low-motion transfer (no more waking up your sleep partner when you get up to pee in the middle of the night). Multiple layers of foam offer pressure point relief, and a 10-year limited warranty provides extra peace of mind.

“This bed is wonderful!” gushed a buyer. “I’ve been having back issues for the past month due to my other bed and could barely sleep. Last night was the first night I’ve slept without back pain and slept through the night.”

$385 at Wayfair

Wayfair

This hybrid mattress might just be the best of both worlds, thanks to its combination of body-hugging memory foam and supportive coils for improved breathability. The fabric it’s made from helps control heat while minimizing moisture, while an antimicrobial fiber layer wards off icky bacteria, mold and the like. 

“This mattress is super comfortable!” exclaimed a content customer. “I love the plush pillow top … I’m a back-, side- and stomach-sleeper, and this mattress is perfect for me. My body doesn’t feel like it’s sinking into the mattress and I have the support I need.”

$568 at Wayfair

Wayfair

A whopping 58,000-plus reviewers gave this microfiber sheet set a perfect rating, so you know it’s doing something right! It’s resistant to fading, wrinkling and pilling, plus it’s hypoallergenic to help keep sneezes and sniffles at bay. (Need to keep it light this summer? Check out our list of the best cooling sheets.)

“The sturdiness of the fabric promises durability,” wrote a shopper. “It’s held up beautifully, even after multiple washes, maintaining its crisp, clean look. Truly a wonderful investment for anyone seeking quality.”

$18 at Wayfair

Wayfair

Anyone who runs hot at night knows how unpleasant sleeping (well, attempting to) on a stuffy pillow is. That might be why this cooling head cushion has garnered over 16,000 perfect ratings. It’s made of gel-infused memory foam to help draw heat away from your body while providing your head, neck and shoulders with customized support. Plus, it comes with a removable, 100% cotton cover to keep it clean. (There’s nothing like a good pillow — you can check out our favorites for every type of sleeper here.) 

“I bring this pillow everywhere,” wrote a fan. “It has such hugging support for my head and neck. I also have a lot of ear piercings that can sometimes limit laying on that side … but this pillow actually creates a little dip for my ear to sit in without pain. A must-have!”

$23 at Wayfair

Wayfair

Ready to finally invest in some quality towels? Ditch the threadbare, mismatched ones in your bathroom for this 100% Turkish cotton set, which includes two bath towels, two hand towels and two washcloths. At this price, consider getting a second for when guests visit!

“These towels are fantastic,” raved a buyer. “They are exactly the quality and thickness I was looking for. They have to be washed before first use and, incredibly, that process makes them nearly double in thickness. They are super absorbent and soft to the touch.”

$32 at Wayfair

Wayfair

Pet owners understand that a good carpet cleaner is essential to make sure your home looks (and smells) its best. This carpet cleaner does the work of a much bigger machine like the ones you can rent, but this one you can store in your own cleaning closet! 

“This carpet cleaner is amazing! I have three boys, a dog and a cat, and this cleaner helps get all the remaining hair and the traffic stains up from the carpet better than the other one I own,” said a thrilled shopper. “I also really love the tools and various attachments. I have used this to clean my couch, too.”

$166 at Wayfair

Wayfair

Allergy season is in full swing, but you can lessen the symptoms with a quality air purifier. This one from Shark includes a HEPA filter that removes pollen, dust and allergens from the air. The included remote can be used from across the room so you can turn it on or off at a distance. Use it in rooms up to 1,000 square feet. (We love a good air purifier — here are our favorites.)

“Got this for our cabin where the entire family has allergies,” said one fan. “Within three hours of it running, we felt better. It’s ultra quiet, too.” 

$190 at Wayfair

Wayfair

As someone who used to bake for a living, I consider KitchenAid stand mixers to be the gold standard in their category. That said, they have high price tags to match — aside from this one! If you’re looking for a sturdy workhorse that does everything from mixing batters and whipping cream to kneading dough, you won’t do much better than this. 

“Love, love, love this mixer,” gushed a reviewer. “This is the second one in my lifetime, as they last for years and years. … It gets used at least three times a week for cookies, cake or whipping cream for strawberries.”

$240 at Wayfair

Wayfair

This sleek appliance will reeeally come in handy on those hot and humid days when the last thing you feel like doing is turning on your full-sized oven. I actually own this toaster oven and it heats up in no time — plus, it saved my butt a few years ago when my regular oven decided to break the week before Thanksgiving. I’ve made everything from roasted vegetables to pies and cakes in it, and it doesn’t make my kitchen feel like a sauna. (Check out our round-up of editor-approved air fryers.)

“This is my favorite appliance!” exclaimed an enthusiastic user. “It heats up so fast that I use it as my preferred oven when I don’t need a large-size baking dish. … It’s more user-friendly than other toaster/convection ovens because the crumb tray slides out the front. Most models you have to turn the oven around to access the crumb tray from the rear, which is a pain, especially if you have limited space.”

$144 at Wayfair

Wayfair

Mid-century modern furniture will never go out of style, and this relaxed yet sophisticated chair for just $124 is no exception. Its vintage-inspired angles give it some character and the thick foam cushions make it a comfy seat you’ll want to unwind in at the end of the day. 

“Solid, beautiful chairs — just what I needed for a smaller space,” shared a fan. “They’re firm, but comfortable, and the little pillow provides perfect lumbar support.”

$124 at Wayfair

Wayfair

I almost did a double-take when I saw the price of this Luxe-with-a-capital-“L” couch! The velvet material and quilted cushioning will have guests thinking you purchased it from a high-end design store, but the truth will be our little secret. It’s also wrinkle-resistant!

“Absolutely adore this sofa!” exclaimed a shopper. “The material is soft but also easy to clean. I have three boys under 10 and this couch holds up to all their rough-housing. We’ve had it for about six months now and it’s still in the same condition as it was when we got it. Super easy to put together, took me about 20 minutes alone.”

$270 at Wayfair

Wayfair

There’s a reason it seems like you’re seeing lift-top coffee tables in every home — they’re both convenient and discreet. Let’s face it, many of us are short on storage space, meaning our coffee tables become cluttered with mail, books, remotes and who knows what else. With this, you’ll be able to keep all of that concealed, and the fact that the top can be elevated means you’ll have a place for comfortably propping up your laptop or eating in front of the TV. The extra two drawers at the bottom are the icing on the cake!

“Absolutely beautiful!” wrote a buyer. “Very easy to put together. [The] drawers glide in and out without any glitches. … Plenty of storage under the hinged top and in the drawers.”

$120 at Wayfair

Wayfair

If your dull knives make you dread having to slice through a tomato, a new set is in order — and this one’s a whopping 60% off. It comes with an attractive wood block and includes a carving/slicing knife, chef knife, bread knife, santoku knife, utility knife, paring knife, steak knives and kitchen shears. Plus, it even has a built-in sharpener to keep everything nice and pointy. (Check out our other editor-approved knife set picks.)

“Love these new knives,” shared a satisfied slicer. “The light-colored block looks great in my kitchen.”

$53 at Wayfair

Wayfair

Staub is one of the most sought-after stoneware brands, so the fact that this set is over 70% off “bakes” me very excited! You’ll be able to enjoy everything from fruit cobblers and brownies to lasagna and casseroles via the two rectangular baking dishes, while the pair of bowls will elevate your daily cereal-eating experience. These pieces are dishwasher- and oven-safe up to 572°F and come in three colors. 

“Not only do these dishes look beautiful in my kitchen, but they are also incredibly durable and versatile,” raved a home baker. “Once they’re heated up in the oven, they keep my food hot for a long time. … They wipe clean with ease and I’ve never had any issues with food sticking to them.”

$50 at Wayfair

Wayfair

I’m also obsessed with this textured cast iron pan with a matte interior and an enameled exterior — this favorite from Staub (and celeb Jennifer Garner) distributes heat like a boss, ensuring all your favorite foods are cooked evenly. This foot-wide wonder comes in a variety of colors (including black matte, dark blue and graphite gray) but you’ll score the best deal on the internet right now with the cherry colorway at 60% off.

“Glide a tiny bit of butter each time while heating, as suggested, and this pan with the non-stick coating will brown food efficiently and evenly,” said one shopper. ” … The heat retention is also good. Food flavors are retained because food does not dry out because of the pan’s efficiency.”

$126 at Wayfair

Wayfair

They need to invent a national holiday for whoever invented nonstick pans, because cooking has become infinitely easier thanks to their contribution. This set, which is 60% off, is particularly praise-worthy because it can go from stovetop to oven and has silicone handles that won’t get too hot. Included are a stock pot, saucepan, two frying pans, a sauté pan and four lids — all for the price of what many single pans cost these days! (For more of our faves, read our list of top cookware sets.)

“This is a solid kitchen set, and so far I have been loving it,” wrote a content cook. “It seems durable and the pieces heat evenly.”

$130 at Wayfair

Wayfair

Tired of crossing your fingers that your shirt and pants combo is ready for prime time? A full-length mirror allows you to give yourself a once-over before heading out the door, and if you’re a fan of shabby-chic decor, look no further. This tastefully distressed beauty is over 70% off for Way Day. 

“It is a beautiful, large mirror,” gushed a fan. “Versatile for propping against or hanging on the wall, and it came with hardware to install if wished. Super happy!”

$110 at Wayfair

Wayfair

If there’s one way to make your home look more put-together instantly, it’s by picking your shoes up off the floor and storing them on an attractive rack. This one, made of wood and metal, has a slightly rustic, slightly industrial feel that’ll work well with many aesthetics. 

“Just what I needed in my laundry room,” shared a reviewer. “My husband put it together with no problem and it is very sturdy. I love the color and shape.”

$45 at Wayfair

Wayfair

Let’s shed some light on the subject, shall we? In all seriousness, how gorgeous is this gold stunner from Kelly Clarkson Home, which marries a modern silhouette with traditional touches. Now you won’t have to squint while completing your nightly crosswords. 

“Gorgeous, sturdy, and looks and feels way more expensive than the actual price,” swooned a shopper. 

$138 at Wayfair

Wayfair

Have you tried shopping for patio furniture recently? It’s ridiculously expensive! So imagine my surprise when I saw that this 3-piece set was marked down to just $150. Few things are as pleasant as enjoying an al fresco meal, and these sleek pieces will allow you to do just that. They’re made of rust-resistant aluminum, and seat cushions are included for extra comfort. 

“Elegant-looking bistro set,” wrote an impressed shopper. “Very easy to assemble … Doesn’t take up too much room, and the chairs slide nicely under the table if you want to serve drinks or food.”

$150 at Wayfair

Wayfair

There’s no reason why your patio rug shouldn’t be as chic as your indoor flooring, and this stylish woven mat will elevate any outdoor space. Aesthetics aside, it’s also water-, fade- and stain-resistant to withstand harsh weather conditions.

“The pattern hides any dust/dirt, it’s very soft for bare feet and rolled out with ease,” said a reviewer. “It stays surprisingly cool in over-100° weather.”

$95 at Wayfair

Wayfair

Not only will you and your friends have a blast telling stories and snacking on s’mores around this fire pit, you’ll also enjoy the food you’ve grilled over it, thanks to its two swiveling grates. And on days when it’s too hot to sit in front of flames, the included cover turns it into an outdoor table. (Here are some more of our favorite fire pits!)

“Assembly was easy, and I like that it was raised off the ground, with a ledge for your feet or plates if you’re using the grills that come with it,” explained a buyer. “I also like that it came with a cover to protect it from the rain and snow.”

$125 at Wayfair

Wayfair

Cooking for a crowd? This roomy outdoor griddle can fit 44 hot dogs, 18 burgers or 12 steaks at a time to ensure no one goes hungry. With two burners that can be controlled separately, you’ll be able to cook foods at different heat settings simultaneously, and since it’s on wheels, it’s easy to move from the garage to the yard. (Don’t miss our round-up of editor-approved grills.)

“Assembly was straightforward and it works very well,” shared a shopper. “The magnetic strip on the front, plus the extra front container to hold accessories is convenient and useful. The food we have cooked so far has been delicious!”

$200 at Wayfair

The reviews quoted above reflect the most recent versions at the time of publication.

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