The Malaysian Agriculture and Food Security Ministry have asked for formal trade routes to protect the Musan King durian brand from Thai sellers who are selling it as fresh fruit to China after renaming it “Thai Musang King”.
Oasys Announces Inaugural Blockchain Gaming Hackathon in Tokyo, Backed by Japanese Industry Titans

Japan is rapidly evolving into an influential hub within the global blockchain gaming ecosystem. Supported by a potent combination of cultural compatibility, a robust talent pool of game developers, and progressive governmental policies, Japan’s Web3 market outpaces the global average. A unique blend of gaming content and intellectual property-based businesses signifies a marked shift towards blockchain gaming, a transformative period in Japan’s gaming history. Set against this backdrop, the Oasys hackathon serves as a pivotal platform to fuel this momentum, amplifying Japan’s role in the blockchain gaming revolution.
Daiki Moriyama, Director, Oasys, said: “Our hackathon is a symbol of the innovation that is integral to the Oasys ecosystem. We are always exploring novel ways to push the boundaries of blockchain gaming, and this event allows us to connect with brilliant minds worldwide who share our vision. We hope that this initiative will foster breakthroughs that benefit not just our platform, but the entire blockchain gaming industry.”
Presently, Oasys supports five “Verses” (Layer2) and about 20 games. As part of its efforts to expand its ecosystem, Oasys is launching this hackathon. In addition to the main prize of $65,000 USD, there are additional awards from each sponsor. Oasys warmly invites developers worldwide to participate in this landmark event.
Hackathon Schedule:
- Entry starts: June 6, 2023
- Oasys Hack-jam Study-Session (Online): June 14, 2023
- Kickoff Event (Offline): June 23, 2023, 18:00-22:00 JST
- Entry deadline: July 12, 2023, 23:59 JST
- Finalist announcement: July 17, 2023
- Demo Day: July 23, 2023, 14:00-21:00 JST
Main Prize Breakdown:
- Total: $50,000 (Distributed in USDT or USDC)
- First Prize (1 Project): $20,000
- Excellence Award (4 Projects): $7,500
- Note: A portion of the prize money will be distributed upon winning, with the remainder to be awarded when the winning project is released as a playable game on Oasys.
Sponsors:

Themes and sponsored prizes for the hackathon include:
- ‘AI × Blockchain’ by CryptoGames — Prize: 3,000 USDT (or OAS token equivalent to 3,000 USD)
- ‘Volume Activation Games’ by double jump.tokyo — Prize: 3,000 USDT (or OAS token equivalent to 3,000 USD)
- ‘Applications using Loot on the MCH Verse’ by MCH — Prize: 3,000 USDC
- ‘Products using Oasys blockchain’ by SoftBank — Prize: 3,000 USD
- To be announced (TBA) by DMM.com / DM2C Studio — Prize: 3,000 USD
As the official launch of the Oasys Hackathon approaches, Oasys eagerly anticipates the visionary projects that participants will bring forth. The event is poised to significantly catalyse the growth and global impact of the blockchain gaming ecosystem, promoting thrilling new pathways for the entire gaming industry. Backed by these industry-leading corporations and the vibrant community, Oasys stands ready to shape the future of blockchain gaming collectively.
Hashtag: #Oasys #blockchain #gaming #japan
The issuer is solely responsible for the content of this announcement.
About Oasys
Oasys was established in February 2022 to increase mainstream play-and-earn adoption, and at launch, committed to partnering with 25 gaming and Web3 tech companies to act as validators, such as Bandai Namco Research, SEGA, Ubisoft and Yield Guild Games. Led by a team of blockchain experts and joining forces with the biggest gaming company names to serve as the initial validators, Oasys is revolutionising the gaming industry with its Proof-of-Stake (PoS) based blockchain.
With a focus on creating an ecosystem for gamers and developers to distribute and develop blockchain-based games, Oasys solves the problems game developers face when building games on the blockchain. The trifecta approach of the fastest network powered by the gaming community, a scalable network powered by AAA game developers and the blockchain offering the best user experience with fast transactions and zero gas fees for users, readies participants to enter the Oasys and play.
More information on Oasys is available at:
Website: https://www.oasys.games
Twitter: https://twitter.com/oasys_games
Discord: http://discord.gg/oasysgames
President of Laos Sends Message of Condolence to India after Deadly Train Crash

On Monday, President Thongloun Sisoulith sent a message of condolence to his Indian counterpart on Monday after a train collision in the eastern state of Odisha claimed the lives of at least 275 people and injured over 1,200 others.
Police Search for Close Contacts of Deceased Lao Man After Railway Accident
Police are looking for a deceased man’s relatives after he passed away in May following an accident on the Laos-China Railway.
SKP To Expand Their Sustainable Food Packaging & Cutlery Range
As part of their sustainable food packaging endeavour, SKP has not only converted their facilities to using solar energy, but has also begun manufacturing their in-house biodegradable food packaging and cutlery range called EcoVue. Using the latest green technology, BioTransformation, EcoVue contains biodegradable plastic cutlery, biodegradable plastic plates, biodegradable disposable cups, and biodegradable containers that are made with 100% biodegradable plastic. EcoVue plastic decomposes completely at a much faster rate than traditional plastic without leaving any plastic waste behind, breaking it down into organic matter, such as natural gases, biomass, and water, which are then absorbed back into the environment. SKP will also be making changes to their visual merchandising at their respective retail outlets, which includes building an eco-wall or area that will showcase every sustainable product. Additionally, they have announced plans to train their retail staff, updating them with eco-friendly-related resources and knowledge.
Currently, at SKP, they have been offering popular sustainable food products, such as bamboo and wooden cutleries, kraft food packaging, as well as paper plates and cups. With their new EcoVue range, they hope to move towards a more product-innovating direction, further expanding and diversifying their eco-friendly product range and leading the industry with innovative food packaging and utensil designs and solutions.
Sustainability is and has been at the forefront for both F&B consumers and businesses for many years. Even in 2023, it will continue to be a priority for industry innovations and trends. Along with ongoing experimentation, development, and breakthroughs in material science related to the food packaging industry, SKP believes in adapting, evolving, and keeping up-to-date with growing and changing consumer needs and are always looking to invest and lead the industry in testing new materials and solutions.
With more than 40 retail outlets all over the country, SKP is Singapore’s largest and leading one-stop supplier for sustainable and innovative party and packaging needs. Besides food packaging and cutlery options, they also provide kitchenware, toys, stationery, 3D printing services, as well as craft workshops.
For more information on SKP and their range of sustainable food packaging and cutlery range, as well as other products and services they offer, do visit https://www.skp.com.sg/ to find out more.
Hashtag: #SeowKhimPolythelene #SKP
The issuer is solely responsible for the content of this announcement.
Best Mart 360 Holdings Limited Announces FY2022/23 Annual Results
Net profit Surged Significantly by over 80% YoY
Highlights:
- Revenue increased by 16.3% to approximately HK$2,305.9 million.
- Gross profit increased by 22.4% to approximately HK$817.3 million.
- Operating profit increased by 75.9% to approximately HK$248.9 million.
- Profit attributable to owners of the Company increased by 83.1% to approximately HK$201.0 million, if excluding the government subsidies of approximately HK$18.0 million, core net profit increased by 66.7% YOY.
- As at 31 March 2023, the Group operated a total of 154 chain retail stores, including 145 retail stores in Hong Kong, 7 retail stores in Macau and 2 retail stores in Mainland China.
- Introduced China Merchants Hoi Tung Trading Company Limited, a wholly-owned subsidiary of China Merchants Group Limited, as major shareholder to fully accelerate deployment in the Greater Bay Area and overseas market.
- Basic earnings per share was approximately 20.1 cents.
Financial Highlights:
For the year ended 31 Mar | |||
HK$’000 | 2023 | 2022 | Change |
Revenue | 2,305,907 | 1,983,526 | +16.3% |
Gross profit | 817,263 | 667,654 | +22.4% |
Gross profit margin | 35.4% | 33.7% | +1.7p.pt. |
Operating profit | 248,921 | 141,493 | +75.9% |
Profit attributable to owners of the Company | 200,997 | 109,804 | +83.1% |
Profit attributable to owners of the Company (excluding government subsidies) | 183,001 | 109,804 | +66.7% |
Basic earnings per share (HK cents) | 20.1 | 11.0 | +82.7% |
HONG KONG SAR – Media OutReach – 5 June 2023 – Best Mart 360 Holdings Limited (“Best Mart 360” or the “Company”, together with its subsidiaries, the “Group”; stock code: 2360.HK), a leisure food retailer in Hong Kong, announced its annual results for the year ended 31 March 2023 (“Financial Year under Review”). During the Financial Year under Review, the revenue recorded by the Group amounted to approximately HK$2,305,907,000, representing an increase of approximately 16.3%. During the Year, the Group recorded a 2.5% growth in same store sales performance (2022: approximately 7.3% increase). Such decrease in growth mainly attributable to the high base of the financial year ended 31 March 2022.
During the Financial Year under Review, gross profit for the year ended 31 March 2023 was approximately HK$817,263,000 (2022: approximately HK$667,654,000). Gross profit margin of the Group was approximately 35.4% (2022: approximately 33.7%). The increases in gross profit margin depends on the Group’s efforts to optimize product structure and effectively adjust sales and marketing strategies.
Profit attributable to owners of the Company was approximately HK$200,997,000 (2022: approximately HK$109,804,000), representing a significant increase of approximately 83.1%, if excluding the government subsidies of approximately HK$17,996,000, core net profit increased by approximately 66.7%.
During the Financial Year under review, basic earnings per share was 20.1 cents (2022: 11.0 cents).
BUSINESS REVIEW
26 new retail stores & increase footprint in residential areas
As at 31 March 2023, the Group operated a total of 154 chain retail stores (31 March 2022: 138 stores), comprising 150 “Best Mart 360˚” stores and four “FoodVille” stores (31 March 2022: 135 stores and three stores, respectively). In terms of geographical coverage, as at 31 March 2023, the Group operated 145 stores, seven stores and two stores in Hong Kong, Macau and Mainland China, respectively (31 March 2022: 130 stores, six stores and two stores, respectively). During the Financial Year under Review, the Group opened 26 new retail stores (including 25 in Hong Kong, one in Macau), and closed 10 stores upon expiration of their respective lease terms in line with the adjustment in the Group’s store opening strategy.
Rental expense (cash basis) for retail stores was approximately HK$220,230,000 for the year ended 31 March 2023, representing an increase of approximately 3.8% as compared with approximately HK$212,136,000 for the financial year ended 31 March 2022. The ratio of rental expense of retail stores to sales revenue was approximately 9.6%, which was lower than that of approximately 10.7% for the financial year ended 31 March 2022.
Kept optimising product mix & enhancing the development of private label products
During the Financial Year under Review, the Group continued its global procurement policy and mission by sourcing a broad spectrum of products worldwide to meet and satisfy market trend and demand. To better cater to the needs of the local community and the internationally travellers, in addition to further strengthening the supply of basic foodstuffs such as cereals, noodles, canned food, milk, frozen and chilled food, daily necessities and basic groceries, the Group also continued to enhance the sale of its private labels in retail stores, including nuts and dried fruits, organic cereals, wet tissues, canned food, biscuit and snacks and other products, offering consumers a more diversified range of selections.
For the Financial Year under Review, the Group procured quality products from overseas suppliers and brand owners or importers in Hong Kong and sold a total of about 3,770 SKUs of products (for the financial year ended 31 March 2022: about 3,560 SKUs) to all over the world, with product origins mainly from, among others, Japan and Korea, the United States, Europe and Australia, Vietnam and Thailand, as well as other Asia-Pacific countries. The Group sourced the most popular and trendy food products from every country or region to offer a globally-diversified, multi-brand and multi-category selection for every customer.
During the Financial Year under Review, the Group continued to actively develop private label products that allowed the Group to capture the pricing opportunities and exercise higher level of quality control on its products and on the other hand further uplifted the Group’s brand awareness and strengthened customers’ loyalty. During the Financial Year under Review, the revenue derived from private label products was recorded approximately HK$346,352,000, representing an increase of approximately 7.0% as compared with the year ended 31 March 2022.
Expanded the customer base & Strengthened marketing strategy
In order to further deepen customer stickiness and expand customers’ coverage, the Group used big data analysis and reformulated its marketing strategy to launch a new three-tier membership scheme and a second-generation mobile app in 2020. The new membership scheme helps to elevate brand positioning and market recognition, and the membership rewards have been fully optimised and enhanced, with more member benefits such as multiple items purchase stamp reward, special offers for selected products and access to latest market information. Through diversified marketing strategies, the Group aims to internally strengthen the membership core from within and attract new customers through external expansion, so as to effectively and purposefully foster the ties between members and the Group, thereby driving recurring business from members and promoting sustainable growth of the Group’s business.
During the Financial Year under Review, the number of the Group’s members increased from 1,861,245 as at 31 March 2022 to 2,059,688 as at 31 March 2023, representing an increase of approximately 10.7%. Since the launch of the mobile app in 2019, approximately 896,000 people have registered as members through the Group’s mobile app as of 31 March 2023.
Meanwhile, for the purpose of strengthening its marketing strategy and enhancing brand awareness, the Group has conducted various marketing and promotional activities to enhance the brand’s exposure in the market during the Financial Year under Review. These marketing initiatives included: (i) partnering with various e-payment platforms to offer electronic coupons to customers during the disbursement period of the government’s consumption vouchers; (ii) launching “Money-saving Tips”, under which customers will be entitled to a cash coupon for every purchase exceeding certain amount; (iii) collaborating with Berndes, a century-old German premium cookware brand, in the roll-out of an exclusive redemption programme; (iv) conducting live broadcasts by working with various television artists and “KOLs” and placing advertisements across different media channels, including television, newspaper and social media platform; and (v) collaborating with nutritionist to promote a healthy image and related healthy products. Through these efforts, the Group successfully generated recurring businesses and attracted new customers to garner a significant volume of consumer buzz for the Group in the market.
Other Business Development
Developing E-commerce in Mainland China
The Group has officially started the pilot e-commerce business in Mainland China in January 2023, allowing customers to shop online through a WeChat mini-app, with delivery service covering a radius of 3 km from the store location. The Group will proactively explore market trends and adjust product categories in an effort to improve the business model of e-commerce and increase sales.
Introducing CMHT as a Major Shareholder
As disclosed in the announcement of the Company dated 27 March 2023, Mr. Lin Tsz Fung (“Mr. Lin”) and Ms. Hui Ngai Fan (“Ms. Hui”), the controlling shareholders of the Group, had entered into a formal Sale and Purchase Agreement (“S&P Agreement”) with China Merchants Hoi Tung Trading Company Limited (the “CMHT”), in relation to the sale and purchase of the Company’s Shares (the “Shares”). Pursuant to the S&P Agreement, CMHT will purchase 490,000,000 Shares in aggregate, representing 49% of the total issued Shares. The total consideration for the sale Shares is HK$862,400,000, equivalent to HK$1.76 per sale share.
Upon completion, Mr. Lin and Ms. Hui, through entities wholly owned by them, will each continue to hold their retained shares respectively, representing in aggregate 26% of the total issued Shares.
OUTLOOK
The Group will continue to adopt dual-brand strategy and consistently look for suitable opportunities to expand the store network of its major retail brand “Best Mart 360˚ (優品360˚ )” and global gourmet store “FoodVille” in Hong Kong, Macau and Mainland China, with a target of achieving a net increase of 20 retail stores each year to satisfy the demand of different customer segments for quality food products. The “Best Mart 360˚ (優品360˚ )” brand will focus on serving the residential areas and expanding the coverage of its store network, while “FoodVille” will target large and medium-to-high-end shopping malls in Hong Kong as well as stores with larger area and locations with higher customer traffic and stronger consumer spending power. In addition to the ongoing internal enhancement to optimize product display space and provide a more comfortable shopping environment for customers, the Group will endeavor to increase the number of exclusive products of “FoodVille” and actively look for medium-to-high-end diversified quality products around the world so as to further differentiate the two brands.
To adhere to the mission of providing products with “Best Quality and “Best Prices”, the Group is committed to strengthen the core competitiveness of its brand. The Group will continue to source a diversified range of food products worldwide, as well as to step up the development of its private label products, which can satisfy market demand for daily necessities, enrich the choices for customers and effectively control product quality. Also, the Group will actively identify upstream suppliers to secure a lower procurement cost so as to maintain its competitive advantages in pricing.
In the view of expanding the Group’s potential customer base and generate more steady streams of revenue to maintain the profitability, the Group will further develop its business-to-business (B2B) segment by bulk selling its private label products and other imported products to other retailers, merchants, enterprises or even online stores in Hong Kong and overseas markets.
In addition, the Group will fully accelerate its expansion in the Greater Bay Area, exploring the development of a business model with both direct stores and franchisees to achieve the goal of a nationwide physical store. Regarding CMHT, an extensive trading company covering food and commodities, the Board believes that great business synergy with our major shareholder in B2B area and the development of the Greater Bay Area could be created
Mr. Hui Chi Kwan, Chief Executive Officer of the Group, said, “Hong Kong has gradually resumed the normal travel with other regions which accelerated the recovery of the local economy. The Group had quickly adjusted its business strategies, resulting in a strong growth for both sales and profit of the Group. During the year, we welcomed CMHT as a major shareholder to facilitate sustained growth and maximise synergies, particularly the development in Mainland China and internationally. Looking ahead, we will continue to adopt a dual-brand strategy to satisfy the needs of different customer segments. In addition to persist in adopting global procurement strategy and optimizing the product mix, we will fully promote the development plan in Greater Bay Area with the strategic support and crucial resources from CMHT, including expanding the local physical sales network and proactively exploring an e-commerce pilot.”
Hashtag: #BestMart360 #優品360
The issuer is solely responsible for the content of this announcement.
Best Mart 360 Holdings Limited
Best Mart 360 Holdings Limited operates chain retail stores under the brand “Best Mart 360˚”, offering wide selection of imported and pre-packaged leisure foods and other grocery products principally from overseas. It is the Group’s business objective to offer “Best Quality” and “Best Price” products to customers through continuous efforts on global procurement with a mission to provide comfortable shopping environment and pleasurable shopping experience to customers. As at 31 March 2023, the Group operated a total of 154 chain retail stores, spanning all of the 18 districts in Hong Kong and strategic locations with heavy pedestrian flow in Macau and Mainland China. Among the chain retail stores, the global gourmet brand “FoodVille” launched in September 2021 is also included, targeting the medium-to-high-end-market.
OPPO Release 2022 Sustainability Report on World Environment Day
Virtuous innovation: making technology accessible and beneficial to all people
As a global technology company operating in over 60 countries and regions, OPPO invests consistently in R&D. As of December 31 2022, OPPO has been granted more than 44,000 patents. In 2022, OPPO ranked among the top 6 Patent Cooperation Treaty (PCT) filers according to the World Intellectual Property Organization (WIPO).
Aligned with its mission of “Technology for Mankind, Kindness for the World”, OPPO believes that technology should create value for all people. It commits to improving digital inclusion and ensuring no one is left behind in the era of digital transformation.
To help children use their phones in a healthier way, OPPO launched the Kids Space feature in 2022 with the ColorOS 13, which is designed to prevent excessive use of game apps by children. For the elderly users, the Simple Mode on OPPO smartphones provides them with an intuitive experience with larger icons and fonts and a simplified desktop, making smartphone operation easier.

Health, which is essential to everyone, is also one of the most important fields of research at OPPO. Through technology and digital heath monitoring methods, OPPO hopes to help people development healthier lifestyle.
In 2022, OPPO launched the OHealth H1, its first health product dedicated to family health monitoring. With six types of health data monitoring functions, including measurement of blood oxygen, ECG, heart and lung auscultation, heart rate, body temperature and sleep quality tracking, it can offer comprehensive health management and remote healthcare service for the entire family.

Environment protection: working towards a greener future
Sustainability and environment protection been embedded in OPPO’s business strategy. In 2022, OPPO completed its first global inventory of greenhouse gas emissions. Based on this data, OPPO develop its carbon reduction roadmap, and announced the goal of achieving carbon neutrality across its operation by 2050 in February 2023. From decarbonization of manufacturing, to reducing products’ carbon footprint, OPPO is working towards a greener future through technology and innovation.

In 2022, OPPO integrated the greening concept into its smartphone packaging by using nearly 100% biodegradable materials and 45% recycled fibers, starting from the European market.
E-waste recycling has long been an important part of OPPO’s product lifestyle management. In 2022, 1.08 million phones were recycled in China, amounting to a total weight of 195 tons. In the EU and other regions, OPPO is involved in the Green Dot program as well as partnering with professional recycling firms to help recycle used products.

The low-carbon development roadmap has also led to OPPO’s green operation in manufacturing facilities, offices, and data centers. Through energy saving and emission reduction initiatives, by the end of 2022, OPPO has managed to reduce 6000 tons of greenhouse gas emission from its operation each year. This is equivalent to the amount of greenhouse gas absorbed by 3,330 square kilometers of forest in a year. Moreover, starting from 2022, the OPPO AndesBrain (Binhaiwan Bay) IDC has used 100% renewable energy in its operation.
Through these tangible actions, OPPO is working with its users and the industry on the journey toward a sustainable future together.
Sustainability is a long journey that required joint efforts with ecosystem partners
Virtuous innovation and environmental protection are both important elements of OPPO’s sustainable development journey, but its efforts go far beyond that. Operating in over 60 countries and regions, OPPO is making long-term efforts on operations and compliance, on caring for its employees, and on contributing to the community as a corporate global citizen.
Achieving sustainability goals requires long term strategy and efficient management, and OPPO takes a top-down approach and set up the Sustainability Management Committee to guide and regulate its development. However, the road to sustainability is a long one and requires joint efforts, and OPPO is committed to playing its part as it works with ecosystem partners.
In May 2022, OPPO Inspiration Challenge was launched to call for innovative solutions on accessible technology and digital health, and to empower technology professionals and entrepreneurs to bring innovative solutions to life. The program has received 536 proposals from 39 different countries and regions, with innovative solutions ranging from psychological health to hearing impairment, and machine glass for the visually impaired.
In 2023, the OPPO Inspiration Challenge continues to empower global entrepreneurs and technology professionals. Under the two categories of “Inspiration for People” and “Inspiration for the Planet”, the Challenge is calling for innovative solutions targeting digital health, accessible technology and greening technology.

At OPPO, sustainability is not just a simple word for the World Environment Day, but a practice and a commitment in the long run. Through innovation and collaboration, OPPO believe that technology can create value for all people and the planet. To learn about OPPO’s journey on sustainability, please check OPPO Sustainability Report 2022.
Hashtag: #OPPO
The issuer is solely responsible for the content of this announcement.
About OPPO
OPPO is a leading global smart device brand. Since the launch of its first mobile phone – “Smiley Face” – in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find X and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 60 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world.
Bybit Joins DMCC as Ecosystem Partner to Accelerate Development and Mass Adoption of Crypto and Web3

Bybit and DMCC signed a Memorandum of Understanding (MOU) to support the growth of the crypto community in the region. The agreement follows the unveiling of Bybit’s global headquarters in Dubai on April 17 when it alluded to further localization efforts in the region.

The MOU includes Bybit’s pledge of financial support in the amount of AED 500,000 to kickstart the growth journeys of 15 new Web3 companies at the DMCC Crypto Centre. To qualify for this opportunity, start-ups must successfully pass the standard compliance and due diligence checks required by DMCC.
Bybit will also serve as DMCC’s crypto listing partner and assist in other blockchain-related projects. The exchange will play an active advisory and guidance role at the DMCC Crypto Centre, sharing first-hand insights and technical know-how to help young projects succeed and get listed on the Bybit platform. Currently on the roadmap are two hackathons in the DMCC’s crypto and gaming centers. These hackathons will convene developers, entrepreneurs, and industry experts to collaborate and foster ground-breaking ideas to shape the crypto and Web3 industries.
The DMCC Crypto Centre will provide Bybit with another avenue for collaboration with innovative crypto and Web3 entrepreneurs and founders. Bybit will also contribute to the Centre’s efforts in knowledge sharing and capacity building in the digital economy through webinars, curated courses, educational content, and awareness campaigns. As the world’s “Crypto Ark,” Bybit will be available to DMCC Crypto Centre members’ companies where appropriate to help them bring their ambitions to fruition.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive of DMCC, said: “Dubai has truly cemented its position as a global hub for crypto and Web3, with the DMCC Crypto Centre boasting the highest concentration of crypto firms in the region. This status has only been bolstered by Bybit’s presence in the emirate, so we are excited to have them on board as an official Ecosystem Partner. Thanks to Bybit’s industry-leading expertise and financial contribution, this partnership will see the acceleration of the impact that Dubai’s game-changing crypto and Web3 businesses are having on the industry.”
The MOU underpins the partners’ shared vision to develop a vibrant hub of blockchain-based activity and connectivity. It also gives Bybit access to the broad membership of DMCC as an Ecosystem Partner, which includes technology partners, government bodies, investors, incubators/accelerators, and service providers.
“We are delighted to be partnering with such a prestigious organization as the DMCC,” said Ben Zhou, co-founder and CEO of Bybit. “We are committed to enriching the Web3 ecosystem on our journey to become the world’s ‘Crypto Ark’ and want to do our part in advancing innovation and competition in the digital economy. We look forward to bringing our own brand of next-level opportunities to the UAE’s burgeoning crypto community.”
“Congratulations to the partnership. I am very pleased to have a part in this momentous partnership between Bybit and DMCC. This partnership is a classic example of what Web3 collaboration and support looks like. I’m excited to see how this partnership will add value to the web3 ecosystem. My core focus has always been to enrich and interconnect the Web3 ecosystem in the UAE and will continue to give my support by leveraging our immediate network,” said Feras Al Sadek, Managing Partner, Ghaf Capital Partner & Ghaf Labs.
More From Bybit
- This Just In: Bybit is Coming to Dubai!
- CEO of Bybit: Dubai Headquarters Will Be A Community Hub for Traders and Partners
- Ben Zhou to Unveil Bybit’s Vision for the Crypto Exchange Industry at Blockchain Life Conference
Hashtag: #Bybit #TheCryptoArk #BybitPartners
The issuer is solely responsible for the content of this announcement.
About Bybit
Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.
For more information please visit: https://www.bybit.com/
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About DMCC
Headquartered in Dubai, DMCC is the world’s most interconnected Free Zone, and the leading trade and enterprise hub for commodities. Whether developing vibrant neighbourhoods with world-class property like Jumeirah Lakes Towers and the much-anticipated Uptown Dubai, or delivering high performance business services, DMCC provides everything its dynamic community needs to live, work and thrive. Made for Trade, DMCC is proud to sustain and grow Dubai’s position as the place to be for global trade today and long into the future. www.dmcc.ae