HONG KONG SAR – Media OutReach – 18 August 2022 – PropCap Technologies Limited (PropCap), an award-winning FinTech startup incubated by Cyberport Hong Kong, today announced its strategic expansion plan to Japan, Australia and the Greater Bay Area (GBA) of China, further strengthening its bridging role in the global property investment business for overseas property buyers (buyers) and mortgage funders. The company is also having an active promotion of mortgage funder’s role with a growing number of investors whose appetite for more diversified investment models is on the rise.
Founded in 2019 by a team of veterans from the investment banking, IT and legal industries, PropCap is the first cross-border mortgage match-lending platform in Asia.
In the UK, Japan and Australia, the traditionally popular destinations for real estate investments, PropCap is expanding its reach of mortgage funders while helping overseas property buyers who face obstacles in mortgage applications.
The company enables easier and smarter global property mortgages for buyers, while offering favourable investment alternatives for professional investors (mortgage funders verified by PropCap) who seek to diversify their portfolios with more stable and relatively higher returns at a lower risk, enabled by its AI-powered lending and analytics platform. The birth of PropCap well fills the gap under the backdrop of a slowing global economy and political turmoils, where investors are eagerly navigating their ways to best allocate funds for more stable returns with lowered risks.
Securities of Mortgage Funders
To date, PropCap has processed a total of 15 cross-border mortgage deals valued over US$5 million for mortgage funders and borrowers since March 2021, when PropCap’s product and technology innovation was officially finalised and introduced to the market. The average interest return for mortgage funders is 7.5% p.a., and the average return period is 21-month.
A growing number of professional investors start to eye on this alternative investment toolto become mortgage funders because of the relatively more stable property market condition, lower threshold than direct property investment, and higher returns than renting. In addition, PropCap lowers the risk for mortgage funders with its collateral policy and stringent compliance standard in multiple jurisdictions, as well as its innovative technology that offers transparent know your customer (KYC) procedures and real-time property valuation. PropCap also works closely with an extensive overseas partner network to ensure first-hand local insights and smooth project delivery, ranging from solicitor firms such as Healys LLP and Carter Lemon Camerons LLP, property agencies such as CBRE, to letting agencies like Complete RPI.
Future Market Expansion
Neo Cheung, Co-founder and CEO of PropCap, shares his views about the company’s strategic expansion plan, “PropCap selects and targets operating markets geostrategically. We have built solid grounds of mortgage financing solutions for borrowers who invest in the UK and Japan property markets. The latest strategic expansion in Japan, development in local business, and initiation of mortgage markets exploration in Australia and the Greater Bay Area marks the company’s maturing and strengthened two-way business model that is poised to broaden mortgage funders’ investment alternatives.”
Due to current epidemic, China’s economic growth slowed and reduced investment return has impacted more Chinese investors to consider investing in overseas properties. PropCap aims to fulfils mortgage needs and become the preferred gateway for Chinese overseas property buyers.
In April 2022, PropCap successfully joined the Greater Bay Area Cross-border Data Mutual Recognition Platform, which is primarily operated by Nova Credit, a consumer credit bureau that connects consumers and lenders with data and analytics. Participation in the Platform enables PropCap to conduct more effective and trustworthy KYC procedures towards mainland Chinese customers.
Leading in Overseas Property Mortgage
Where PropCap is specialised in – a niche model that bridges and connects mortage funders and buyers, there is no direct or similar player readily available for the solutions and services provided by this FinTech startup who had recently been awarded the “Top 100 of Jumpstarter 2022” by Alibaba Entrepreneurs Fund, world’s largest startup contest.
According to a recent paper jointly issued by the Alternative Investment Management Association and PwC, the growth of private credit globally presents a significant opportunity for Hong Kong. Furthermore, the city’s proximity to mainland China and the increasing receptiveness from both regulators and traditional investors are important stimulus to technological innovation for the private credit sector, which will significantly accelerate PropCap’s growth and global expansion.
SEOUL, SOUTH KOREA – Media OutReach – 18 August 2022 – SYLTARE, a South Korean NFT-based Trading Card Game (TCG), is ready to launch in the global market on August 18th. The successful soft launch of the project as a 2-people Sit&Go mode resulted in 7-day retention above 90%. The project reached this impressive result even under five daily open hours.
The team has already started unveiling a diversified set of gameplay modes. Following the announcement, gamers and investors are now ready to join this new ecosystem.
SYLTARE Is Ready for Lift Off
SYLTARE is launching its NFT-based TCG game globally on August 18th. This project is different from other P2E/NFT based games due to its sustainability driven token economy. This means that the users can earn tokens based on their game performance, while not having to worry about losing token values.
The team also plans different types of Sit&Go mode (2, 8, 16 people mode, with different stakes mode). This choice will make the game more accessible for players around the world.
SYLTARE is also introducing a new “Normal mode” in its growing ecosystem. The Normal mode is a free-to-play mode where anyone can earn tokens based on their game performance. It is targeted towards casual players that want to have a taste of the game, as SYLTARE explained.
This strategy aims to make it easier for more people to play the game. Based on this information, SYLTARE explained it is taking a very aggressive approach to reach success in the NFT-based TCG market.
An Ongoing Global Event
The team behind SYLTARE is fully aware of the importance of its community for the project’s success. They explained that it is pivotal to work alongside individual players to achieve their goals and reward the community.
In this context, the Global Gleam event hosted by SYLTARE is now in full swing. It has launched on August 11th and will run until August 25th, with $10,000 in prize money up for grabs. The event has already attracted over 1.9 million entries, making it one of the most successful launch events in the South Korean P2E industry.
The SYLTARE team is very thankful for the support they have received so far. The project is looking forward to continuing to work together to make the project a success.
What Is Next for SYLTARE?
The SYLTARE game is a digital trading card game that allows players to battle each other for rewards. It is making its global premier on the global market on August 18th, and there will be a Global Massive Event on August 20th. The team expects to celebrate the game’s global launch and its listing on LBank on this occasion.
There will be events and raffles, including an opportunity to win 10,000 SYL tokens. Everyone interested in discovering this opportunity can check the project’s Discord group.
Hashtag: #SYLTARE
About SYLTARE
SYLTARE is an NFT-based Trading Card Game launching globally on August 18th. The project has already raised $7.6 million in cryptocurrency and reached the #1 spot on Opensea for trading cards across all chains.
Some notable project investors include Mirae Asset Venture Investment, Kakao Ventures, and Wemade. LBank, one of the largest global centralized exchanges, has recently listed SYL token, SYLTARE’s ethereum based token which serves as the foundation for their token economy.
For more information on SYLTARE, everyone can visit its website or follow the team on the social media pages below.
Brand New Metaverse Experience Transcends Entertainment Beyond Reality and Virtuality
HONG KONG SAR – Media OutReach – 17 August 2022 – The annual digital entertainment signature event, Digital Entertainment Leadership Forum (DELF) 2022 will return to Cyberport on 26-28 August (Friday to Sunday). Under the theme “Transcending Entertainment Beyond Reality and Virtuality”, the three-day forum will examine the latest development in digital entertainment and explore ways to break through boundaries, presented in an immersive experience on a metaverse arena for the first time. With the three thematic experience zones in Metaverse, SportsTech and ArtTech to showcase new forms of digital entertainment, and more than 10 esports show matches and tournaments competed among students and professional players, DELF is set to present a thrilling feast of digital entertainment.
Industry Leaders to Shed Light on Digital Entertainment Strategies
As the flagship for Hong Kong’s digital technology industry, Cyberport is committed to fostering the industry development of digital entertainment by supporting start-ups on their growth journey and cultivating talents. Celebrating the new prospects brought by the evolution into Web 3.0, DELF has invited over 50 esteemed industry leaders from notable international and local technology companies, including Animoca Brands, Meta, The Sandbox, Epic Games, Supercell, Sony China, Yahoo, STEPN, disguise, Autodesk, Accenture and more, to delve into the future trends in the convergence of metaverse with entertainment, art and sports industries, and decode hot topics like Non-Fungible Token (NFT), Move-to-Earn, as well as the branding strategies and legal issues of the metaverse. The Forum presents a holistic overview of the next-gen digital entertainment ecosystem, guiding participants to explore the infinite metaverse and unlock the multitude of opportunities therein. The Association of Pacific Rim Universities (APRU) will also join forces with DELF for the third time to organise the APRU MetaGame Conference 2022, to examine the ways that international esports leaders can further their scope within universities from including edutainment, collegiate esports, and gamification of social well-being.
First-ever Metaverse with Play-to-Earn Experience
The three-day DELF will also be presented on Decentraland to enable participants to experience the metaverse and access the forum’s comprehensive content. In addition to watching the livestreamed conference and tournaments, attendees can visit the digital art gallery, metaverse and NFT-themed start-up showcases, challenge themselves in escape rooms, and collect limited-edition NFT wearables and Proof of Attendance Protocol (POAP) at the Decentraland metaverse arena. Furthermore, to encourage participants to explore the wide array of attractions DELF has to offer, visitors can collect stamps from 20 checkpoints and win fabulous prizes with the Play-to-Earn platform. Participants can also redeem a series of free and personalised NFT collectibles and giveaways during DELF.
Peter Yan, Chief Executive Officer of Cyberport, says, “Metaverse is without a doubt one of the most transformative technological developments in recent years. It underlines the concept of an immersive digital future. By presenting profound new ways for people to communicate, interact and engage with the world, it exhibits the potential to revolutionise all aspects of life. With metaverse, SportsTech and ArtTech as the three pillars, this year’s DELF continues to invite industry leaders to share their insights, organise esports tournaments, and incorporate a variety of digital entertainment experiences. For the first time, DELF will be hosted in the Decentraland metaverse, introducing a brand new event and entertainment experience in the metaverse to the participants. We look forward to working with the digital entertainment industry to explore emerging business models and thriving opportunities driven by technological advancements, while encouraging esports enthusiasts to gather and flaunt their talents, and providing the public with a deeper understanding on how far Hong Kong has come in digital entertainment.”
Immersive Digital Entertainment to Breakthrough Physical Boundaries with New Excitement
The Experience Zones at Cyberport will spice up your imagination and sense in three domains. The metaverse zone’s spotlight showcase is the EXPOVERSE – an immersive VR art gallery tour experience, while other showcases include the ZOTAC VR Experience Zone showing the state-of-the-art wearable backpack PC, and the VR rhythm game Beat Saber presented by Meta Quest 2. Art lovers and enthusiasts may enjoy the 5th Hong Kong Projection Mapping Festival, or visit the ArtTech installations and instagram-worthy spots like the Digital Cave and Quantum Universe. A wide range of SportsTech simulation experiences will also be available in Cyberport. Together with the inaugural NEXXCREATE Digital Entertainment FEST cum Awards, and its Awards Presentation Ceremony to be held at DELF, industry players, esports enthusiasts and the public will be immersed in a creative feast for the senses in digital entertainment.
Exhilarating Esports Tournaments to Bring Together Young and Professional Gamers
With esports making its debut as an official medal sport at the Hangzhou Asian Games 2022 in September 2023, DELF will bring the excitement of esports to the public by presenting a series of show matches and tournaments for students and professional players, including the “Cyberport Presents: TOROS powered by Red Bull Street Fighter V Champion Edition” show match with professional gamers, the FIFAe show match by Hong Kong eFootball Representative Team, the Romago Honor of Kings Celebrity Invitational with celebrities and cosplayers, the RoboMaster Youth Championship 2022 (Hong Kong) which aims at promoting STEM education locally, 2022 HKDSA Junior Racer Drone Racing Competition and the Hong Kong E-Dodgeball Novice and Selection Tournament 2022 competed among primary and secondary students, the Microsoft Interschool Minecraft e-sport Champions League, and the SEFHK Invitational Tournament organised by the Hong Kong Student Esports Federation. DELF will also hold the Elderly e-Sports Tournament & Experience Day in order to expand the appeal of esports to different age groups and share the joy with seniors.
Click HERE to download event photos and captions. Click HERE to download the high-resolution photos here. Click HERE to download Appendix 1 – Forum Agenda Click HERE to download Appendix 2 – Highlighted Game Experiences Click HERE to download Appendix 3 – Tournaments Schedule
Hashtag: #Cyberport
About Cyberport
Cyberport is an innovative digital community with over 1,800 members including over 800 on-site and 900 off-site start-ups and technology companies. It is managed by Hong Kong Cyberport Management Company Limited, wholly owned by the Hong Kong SAR Government. With a vision to be the hub for digital technology, thereby creating a new economic driver for Hong Kong, Cyberport is committed to nurturing a vibrant tech ecosystem by cultivating talent, promoting entrepreneurship among youth, supporting start-ups, fostering industry development by promoting strategic collaboration with local and international partners, and integrating new and traditional economic by accelerating digital transformation in the public and private sectors.
Singapore-headquartered ChainUp sets up a new office in Seoul, South Korea as part of its ongoing expansion plans to harness new market potential.
SINGAPORE – News Direct – 17 August 2022 – ChainUp, a global blockchain technology solutions provider, announced its expansion with a new office opening in Seoul, South Korea. While they are headquartered in Singapore, ChainUp currently has offices in Hong Kong, Japan, Canada, and the United States. With its office in South Korea, the company plans to strengthen its presence in the region and harness the market’s potential.
ChainUp provides businesses with a complete suite of blockchain solutions all within one platform. Its comprehensive solutions include digital asset exchange systems, NFT trading systems, wallet solutions, liquidity solutions, and digital assets custody and management. Since its founding in 2017, ChainUp has served more than 1,000 clients in 30 countries and regions, reaching over 60 billion end-users.
Mr. Lee Sangwook, Head of Korea Office of ChainUp said, “The Web3.0 and blockchain industry in Korea is fast-growing and backed by strong government support. With our new office in South Korea, we aim to bring our comprehensive solutions to businesses in the region while fostering close partnerships with relevant stakeholders in the ecosystem to promote technological advancements and industry developments.”
Mr. Sailor Zhong, Founder & CEO of ChainUp said, “To fulfil our vision of making blockchain technology more accessible for businesses around the world, we aspire to consistently grow our footprint to facilitate blockchain adoption and support businesses across different industries in their blockchain journeys to stay ahead of the technological curve.”Hashtag: #ChainUp
About ChainUp Group
Founded in 2017, ChainUp is a leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange systems, NFT trading systems, wallet solutions, liquidity solutions, and digital assets custody and management. Headquartered in Singapore and with offices around the world, the company has served more than 1,000 clients in 30 countries, reaching over 60 million end-users.
Industry Suppliers and Buyers to gather from 14-16 September 2022 for networking, sourcing and learning opportunities in the Asian Market
PORTLAND, USA – Media OutReach – 17 August 2022 – Seafood Expo Asia, The Seafood Marketplace for Asia, produced by Diversified Communications, organizer of the world’s leading seafood trade events, is bringing the industry back together for three-day of in-person networking, sourcing and knowledge sharing. The 10th edition of Seafood Expo Asia is taking place in Singapore from 14-16 September 2022 at Suntec Singapore Convention & Exhibition Centre.
“After three years of doing business online, buyers from across Asia are ready for the face-to-face networking, product sampling and meeting opportunities that only in-person events can provide,” said Ms. Iris Kwan, Event Director, Diversified Communications.
Industry professionals attending the Expo will be able to find the latest seafood products, equipment and services from over 200 exhibiting companies representing more than 38 countries. New countries to the event include Bangladesh, Latvia, New Zealand, Norway, Peru, Saudi Arabia, United Kingdom and Yemen. In addition, 18 regional and national pavilions will participate in the 10th edition of the Expo including new pavilions from Argentina, Ecuador, India, Latvia, Japan, Papua New Guinea and Turkey.
“There is strong interest from worldwide suppliers to enter or expand their business in the Asian market,” added Ms. Kwan. “The exhibit hall is close to being sold out and welcoming companies from so many countries shows the importance of the seafood market in this part of the world.”
During the three-day event, international suppliers of fresh, chilled, frozen, canned and value-added seafood products will showcase their offerings to buyers from across Asia, including supermarkets, restaurants, hotels, catering services, importers, distributors, seafood market and other retail and foodservice companies. In addition, companies with equipment and services will feature solutions for the seafood industry value chain.The list of exhibiting companies can be viewed on the event’s website.
Seafood Expo Asia brings back its Business Matchmaking Program, which matches exhibiting seafood suppliers with high-volume seafood buyers and importers. The business matchmaking and meeting scheduling program is designed to facilitate buyers and suppliers’ trading, sourcing and networking needs. Meetings will take place face-to-face in a dedicated location at the Expo.
To complement the halls packed with innovative products and exhibits, the event will host informative and thought-provoking conference sessions led by industry experts. Through speaker presentations and panel discussions, the conference program will provide insights on the latest seafood market trends including sustainability, traceability, innovation, aquaculture, logistics and financing, topics on meeting consumers’ needs and more. The complete conference program can be viewed at: https://www.seafoodexpo.com/asia/conference-agenda/.
Special events, organized during the three-day expo, will enhance attendees’ experience and product knowledge. Culinary demonstrations will feature Chefs’ best way to handle and prepare seafood products through their favorite recipes. The Product Showcase will highlight the latest market-ready offerings from exhibiting companies and buyers will be able to taste some of the products in the Tasty Kitchen. The “Knowing Your Fish” educational presentations will provide attendees with a deeper understanding of unique market seafood species.
Seafood industry professionals can learn more about Seafood Expo Asia and register to attend for free by visiting www.seafoodexpo.com/asia.
Note: Member of the press can register for free here.
Hashtag: #SeafoodExpoAsia
About Seafood Expo Asia
Seafood Expo Asia is a trade event where buyers and suppliers of seafood from around the world come together to network and conduct business in the lucrative Asian market. The event is produced by Diversified Communications and takes place annually in Asia. SeafoodSource is the exposition’s official media covering industry news year-round. www.seafoodexpo.com/asia.
About Diversified Communications
Diversified Communications is a leading international media company with a portfolio of face-to-face exhibitions and conferences, online communities and digital and print publications. As producers of these market-leading products Diversified Communications connects, educates and strengthens business communities in over 15 industries including: food and beverage, healthcare, natural and organic, business management and technology. The company’s global seafood portfolio of expositions and media includes Seafood Expo North America/Seafood Processing North America, Seafood Expo Global/Seafood Processing Global, Seafood Expo Asia and SeafoodSource.com. Established in 1949 and headquartered in Portland, Maine, USA with divisions and offices around the world, Diversified Communications remains a privately held, third generation, family-owned business. For more information, visit: www.divcom.com.
Nam Lik-1-2 Power Company will release water from the dam.
Residents of Vientiane Province have been advised by the Ministry of Energy and Mines to prepare for changes in water levels tomorrow due to the release of water by the Nam Lik 1-2 Dam.
KUALA LUMPUR, MALAYSIA – Media OutReach – 17 August 2022 – Most Malaysian businesses are planning to accelerate their use of technology over the next year, to drive efficiency and tap into bigger profit opportunities, according to CPA Australia’s Business Technology Survey 2022.
Bryan Chung FCPA
The vast majority of the 108 Malaysian respondents (94 per cent) expect their business to increase technology use over the next 12 months, as the findings show a positive link between technology use and higher profit margins.
CPA Australia’s Malaysian Digital Transformation Committee Chairman Bryan Chung FCPA (Aust.) said it is apparent that most Malaysian businesses are taking action to improve technology adoption.
“Over the next 12 months, a higher percentage of Malaysian businesses compared to the survey average are planning to improve technology adoption by increasing technology training for employees, increasing investment or upgrading technology and implementing a digital transformation strategy.
“One key finding from this year’s survey is that big data has become a focus point when making business decisions. Not only are businesses hiring staff with this expertise, they are also investing in software that will help them in the area of data analytics for the future,” he said.
Operational efficiency is a leading reason for the take-up of new technology among respondents (62 per cent), Bryan said. This corresponds with findings of an expected increase in use of data analytics and visualisation software, robotic process automation (RPA) and artificial intelligence.
“The uptake of RPA in Malaysia is particularly exciting. Thirty-nine per cent of Malaysian respondents said their business plans to increase use of this technology to drive operational efficiency in the next 12 months. This is 15 percentage points higher than the survey average,” he said.
The findings from this survey coincide with the findings of the CPA Australia’s Asia-Pacific Small Business Survey 2021-2022, which found business owners are motivated to pursue technological innovations for long-term growth as opposed to short-term survival.
Bryan said it is important that businesses develop and implement a long-term digital transformation strategy to ensure business longevity.
“There are quite a few national initiatives that empower businesses with an injection of capital to increase technology adoption and digitalisation. This aligns with the national aspiration of achieving a ‘high technology nation’ status by 2030.
“Professionals can also look at upskilling themselves to be more data proficient to meet the changing focus of the business sector. There are many incentives or programs available to facilitate this change. Respondents also are investing in human capital, which is promising,” he said.
The Business Technology Survey 2022 was conducted from 28 May to 12 July 2022. The findings came from 820 accounting and finance professionals working in Australia, Mainland China, Hong Kong, Malaysia, New Zealand, Singapore and Vietnam.
In Malaysia, the 108 respondents came from a wide variety of industries, with consulting (15 per cent), education and training (13 per cent) and public practice/CPA firm (11 per cent) having the largest representation.
Forty-seven per cent of the Malaysian respondents (51 people) worked in a company with 500 or more employees and 53 per cent (57 people) worked in a company with fewer than 500 employees.
The issuer is solely responsible for the content of this announcement.
About CPA Australia
CPA Australia is one of the largest professional accounting bodies in the world, with more than 170,000 members in over 100 countries and regions, including more than 10,500 members in Malaysia. CPA Australia has been operating in Malaysia since 1956 and opened our Malaysian office in 1994. Our core services include education, training, technical support and advocacy. CPA Australia provides thought leadership on local, national and international issues affecting the accounting profession and public interest. We engage with governments, regulators and industries to advocate policies that stimulate sustainable economic growth and have positive business and public outcomes. Find out more at cpaaustralia.com.au
website or follow the team on the social media pages below. 
Discord | 
Twitter | 
Telegram | 
YouTube | 
Medium 
www.cyberport.hk 
www.chainup.com. 
SeafoodSource is the exposition’s official media covering industry news year-round. 
cpaaustralia.com.au 
