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Ficus Technology Holdings Limited (8107.HK) Entering into a Cooperation Agreement with the subsidiary of China Supply and Trade Group to Synergise Channel and Supply Chain Resources
Ficus Technology Holdings Limited(Incorporated in the Cayman Islands with limited liability)(Stock Code: 8107)Entering into a Cooperation Agreement with the subsidiary of China Supply and Trade GroupTo Synergise Channel and Supply Chain Resources(Hong Kong - 29 August 2024) Innovative supply chain management service provider –Ficus Technology Holdings Limited (“Ficus Technology” or the “Company”, together with its subsidiaries, the “Group”) is pleased to announce that on 29 August 2024, Ficus Discovery (www.ficusdsc.com, “Ficus Discovery Platform”), the e-commerce platform operated by the Group is collaborating with Beijing New Cooperation Ruida Trade Co., Ltd.* (“Beijing Ruida”) for a period of three years. As a direct wholly-owned subsidiary of China Supply and Trade Group and an indirect wholly-owned subsidiary of China CO-OP Group Co., Ltd., Beijing Ruida is primarily engaged in provision of supply chain services, operation of supermarket and other business in the retail industry.Leveraging its supply chain resources, including access to local products and local brands as well as its extensive supermarket and retail network, Beijing Ruida will provide products and supply chain services to Ficus Discovery Platform. This strategic partnership will allow both parties to synergise their channel resources, enhance product diversity and expand customer base across both online and offline channels. About Ficus Discovery Platform Ficus Discorvery Platform is an e-commerce platform operated by the Group, utilizing a disintermediation model to establish direct connections between manufacturers and consumers (“M2LC”), thereby facilitating transactions and cultivating a long-term loyal customer base. Leveraging the Group’s extensive supply chain resources, innovative supply chain management solutions, digital marketing capabilities, authentication and traceability technologies, the Ficus Discovery Platform is well-positioned to be a trustworthy gateway for brands and manufacturers to access target customers.Mr. Chan Ting, Chairman and Executive Director of Ficus Technology Holdings Limited comments: “Ficus Discovery Platform is pleased to work with Beijing Ruida on providing products to consumers in both the e-commerc platform we operated and the retail channels of Beijing Ruida’s platform. The collaboration not only enables Ficus Discovery Platform to diversify its product offerings but, more importantly, provides the Group with valuable access to the sales channels of the China Supply and Trade Group. We are confident that this collaboration will significantly elevate Ficus Discovery Platform's presence among consumers, establishing it as the preferred destination for daily necessities. Additionally, this partnership will amplify the brand value for both parties, driving mutual growth and market influence.”- END -About Ficus Technology Holdings Limited（8107.HK）Ficus Technology Holdings Limited (formerly known as Vision International Holdings Limited) is an innovative supply chain management service provider, mainly focuses on the sales of apparel products with the provision of supply chain management services. The Group had advanced supply chain management service to include anti-counterfeit, traceability and marketing functions for brand protection on both the apparel andotherproducts. File: 8107_Press Release_EN_20240829_Final29/08/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Thu, Aug 29
Ficus Technology Holdings Limited (8107.HK) Entering into a Cooperation Agreement with the subsidiary of China Supply and Trade Group to Synergise Channel and Supply Chain Resources
Ficus Technology Holdings Limited(Incorporated in the Cayman Islands with limited liability)(Stock Code: 8107)Entering into a Cooperation Agreement with the subsidiary of China Supply and Trade GroupTo Synergise Channel and Supply Chain Resources(Hong Kong - 29 August 2024) Innovative supply chain management service provider –Ficus Technology Holdings Limited (“Ficus Technology” or the “Company”, together with its subsidiaries, the “Group”) is pleased to announce that on 29 August 2024, Ficus Discovery (www.ficusdsc.com, “Ficus Discovery Platform”), the e-commerce platform operated by the Group is collaborating with Beijing New Cooperation Ruida Trade Co., Ltd.* (“Beijing Ruida”) for a period of three years. As a direct wholly-owned subsidiary of China Supply and Trade Group and an indirect wholly-owned subsidiary of China CO-OP Group Co., Ltd., Beijing Ruida is primarily engaged in provision of supply chain services, operation of supermarket and other business in the retail industry.Leveraging its supply chain resources, including access to local products and local brands as well as its extensive supermarket and retail network, Beijing Ruida will provide products and supply chain services to Ficus Discovery Platform. This strategic partnership will allow both parties to synergise their channel resources, enhance product diversity and expand customer base across both online and offline channels. About Ficus Discovery Platform Ficus Discorvery Platform is an e-commerce platform operated by the Group, utilizing a disintermediation model to establish direct connections between manufacturers and consumers (“M2LC”), thereby facilitating transactions and cultivating a long-term loyal customer base. Leveraging the Group’s extensive supply chain resources, innovative supply chain management solutions, digital marketing capabilities, authentication and traceability technologies, the Ficus Discovery Platform is well-positioned to be a trustworthy gateway for brands and manufacturers to access target customers.Mr. Chan Ting, Chairman and Executive Director of Ficus Technology Holdings Limited comments: “Ficus Discovery Platform is pleased to work with Beijing Ruida on providing products to consumers in both the e-commerc platform we operated and the retail channels of Beijing Ruida’s platform. The collaboration not only enables Ficus Discovery Platform to diversify its product offerings but, more importantly, provides the Group with valuable access to the sales channels of the China Supply and Trade Group. We are confident that this collaboration will significantly elevate Ficus Discovery Platform's presence among consumers, establishing it as the preferred destination for daily necessities. Additionally, this partnership will amplify the brand value for both parties, driving mutual growth and market influence.”- END -About Ficus Technology Holdings Limited（8107.HK）Ficus Technology Holdings Limited (formerly known as Vision International Holdings Limited) is an innovative supply chain management service provider, mainly focuses on the sales of apparel products with the provision of supply chain management services. The Group had advanced supply chain management service to include anti-counterfeit, traceability and marketing functions for brand protection on both the apparel andotherproducts. File: 8107_Press Release_EN_20240829_Final29/08/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Thu, Aug 29
Jefferies initiates coverage of French small cap Robertet, recommends buying
Investing.com - Analysts from Jefferies International announced this Thursday that they have initiated coverage on Robertet (EPA:ROBF), a French family business specializing in natural ingredients forInvesting.com
Thu, Aug 29
Nvidia delivers 'drop the mic' numbers; AI revolution well intact, says Wedbush
Investing.com -- Nvidia (NASDAQ:NVDA)'s recent earnings report delivered what AI bulls Wedbush called a "masterpiece performance" in a note Thursday, solidifying the company's position at the forefronInvesting.com
Thu, Aug 29
BEST Inc. Expands into Indonesia with Cross-Border and SaaS Services to Strengthen Global Strategy
JAKARTA, Indonesia, Aug. 29, 2024 /PRNewswire/ -- On August 29, BEST Inc. held an opening ceremony in North Jakarta, Indonesia, announcing the official launch of cross-border supplPR Newswire
Thu, Aug 29
Kazakhstan’s Kaspi.kz (KSPI) Eyes Acquisition of Uzbekistan’s Humo Payment System: A Strategic Move Amidst Regional Expansion
Kaspi.kz (KSPI), the fintech giant from Kazakhstan, has announced its intention to participate in the privatization of Humo, one of Uzbekistan’s leading payment systems. This move is seen as a significant step in the company’s broader strategy to expand its footprint across Central Asia, further solidifying its position as a regional financial leader.The proposed acquisition of Humo would mark Kaspi.kz’s first major venture into the Uzbek market, a region that has been attracting increasing attention from global investors due to its rapid economic reforms and growing consumer base. With a robust digital ecosystem already in place in Kazakhstan, Kaspi.kz is well-positioned to leverage its technological expertise and customer-centric approach to drive growth in Uzbekistan.According to Paulius Stankevicius, CEO of Stankevicius Alternative Investment Banking, a leading global investment advisory firm, Kaspi.kz’s interest in Humo is a strong signal for the banking industry in Central Asia. Stankevicius, whose firm advises some of the world’s top financial institutions, remarked, “Kaspi.kz has consistently demonstrated its ability to innovate and capture market share through its integrated platform that combines payments, marketplace services, and financial products. Their move into Uzbekistan signals a growing confidence in the region’s economic potential and will likely spur further investments in the fintech sector.”Sean Chin MQ, investment manager of Olritz Financial Group , with over 10 years of experience in hedge fund management, shared this perspective. His firms, specializing in asset management and financial licensing across Asia and Australia, manage $149 million USD in assets. “The entry of a fintech leader like Kaspi.kz into the Uzbek market is a significant milestone. Uzbekistan presents a unique opportunity for growth, and Kaspi.kz’s strategic move will likely encourage further investments and innovations in the region’s financial services,” said Sean Chin MQ.This view is reinforced by Mikhail Lomtadze, CEO and co-founder of Kaspi.kz, who in a recent statement emphasized the strategic importance of entering the Uzbek market. “Uzbekistan represents a significant growth opportunity for us. The privatization of Humo presents a unique chance to replicate our success in Kazakhstan by offering a comprehensive ecosystem of financial services that cater to the evolving needs of Uzbek consumers,” Lomtadze noted.Industry analysts believe that Kaspi.kz’s expansion into Uzbekistan could serve as a catalyst for further consolidation in the region’s financial sector. By acquiring Humo, Kaspi.kz would gain access to a well-established payment infrastructure and a growing customer base, positioning itself as a key player in the Uzbek financial market.Moreover, this move could also set the stage for increased competition among regional and global fintech companies looking to capitalize on Uzbekistan’s ongoing digital transformation. As Uzbekistan continues to open its doors to foreign investment, the entry of a major player like Kaspi.kz could accelerate the development of the country’s financial ecosystem, providing consumers with greater access to innovative financial services.In conclusion, Kaspi.kz’s strategic interest in Humo is not only a testament to the company’s ambition but also a positive sign for the broader banking industry in Central Asia. As regional economies continue to grow and modernize, the involvement of established players like Kaspi.kz will be crucial in driving the next phase of financial innovation and inclusion.Media ContactStankevicius MGMpr@stankeviciusmgm.com29/08/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Thu, Aug 29
