DUBAI, UAE – Media OutReach Newswire – 24 September 2024 – Global multi-asset broker JustMarkets is excited to announce its participation in Forex Expo Dubai 2024 — one of the largest and most prestigious trading events. The event will be held at the World Trade Centre, Dubai, on October 7–8, 2024, bringing together top brokers, traders, investors, and financial professionals worldwide.
JustMarkets has been a leader in the trading industry since 2012, offering a broad range of trading assets, tight spreads, and top-tier services to its clients and partners. At the Forex Expo Dubai, they will once again share valuable insights, innovations, and plans for future developments — this year, at the booth #64.
As a multilicensed broker, JustMarkets emphasizes secure, transparent, and reliable trading environments. Their presence at Forex Expo Dubai highlights the company’s commitment to expanding in the Gulf, MENA, SEA, and APAC regions, helping clients from around the globe achieve their full investment potential.
At the Expo, JustMarkets’ representatives will show their insights into market trends, the impact of global economic shifts, and strategic business approaches in the trading sector. The team will also underline how their top conditions — low spreads, fast execution, client-centricity, and 24/7 multilingual customer support — set the stage for a seamless trading experience for all users.
Join JustMarkets at Forex Expo Dubai 2024 to explore the future of Forex trading and financial technology with industry leaders from around the world. Visit the Forex Expo Dubai website for more information and registration details.
The issuer is solely responsible for the content of this announcement.
About JustMarkets
JustMarkets is a globally recognized multi-asset broker, offering reliable and transparent trading services since 2012. The company provides access to a diverse range of financial instruments, including Forex, stocks, commodities, indices, metals, energies, and cryptocurrencies, serving clients in over 160 countries.
With over 50 industry awards, JustMarkets is known for its competitive pricing, featuring low spreads and zero commissions, and is committed to enhancing the trading experience for both new and experienced traders.
Academics, Investors, Landlords, Policy Experts, Startups, Suppliers, and Tenants Join Forces to Speed Progress
HONG KONG SAR & SHANGHAI, CHINA – Media OutReach Newswire – 24 September 2024 – Hang Lung Properties (SEHK stock code: 00101) (“the “Company” or “Hang Lung”) successfully organized a Real Estate & Decarbonization Summit (“Summit”) in Beijing on September 20, 2024. Taking place at Yale Center Beijing, the Summit brought together over a hundred experts, practitioners and thought leaders across the real estate value chain in a pioneering effort to accelerate progress in reducing carbon emissions within real estate.
The Summit examined challenges and opportunities for both construction and operations in real estate, with an emphasis on best practices and actionable ideas. It featured sharing from 10 individual speakers, as well as five interactive panels on topics ranging from low carbon construction to energy to cooling to interior spaces. The speakers included participants from Europe, the United States and Asia, representing organizations ranging from universities, think tanks, NGOs, companies and associations.
Over a hundred industry experts gathered at the Real Estate & Decarbonization Summit to have industry-leading discussions on decarbonization strategies and practices
Mr. Adriel Chan, Chair of Hang Lung Properties, commented: “Our Summit brought together a diverse range of stakeholders to share the latest ideas and practices related to real estate decarbonization, including tenants, peers and experts. The event demonstrates that when we join forces as a community for optimistic, well-informed, and pragmatic discussions, we can speed progress towards our common goal.”
The Summit was also the culmination of a competition – jointly sponsored by Hang Lung and Undivided Ventures – to discover startups with promising decarbonization or circularity solutions for retail and office spaces. Following a highly competitive global process, four winning companies obtained mentorship from senior industry executives and presented their solutions to the Summit audience: uHoo, MIMiC Systems, TablePointer, and Yi Design.
Winners of the decarbonization and circularity solutions competition for retail and office spaces – (from left) uHoo, MIMiC Systems, TablePointer, and Yi Design
The issuer is solely responsible for the content of this announcement.
About Hang Lung Properties
Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is recognized for leading the way in enhanced sustainability initiatives in real estate as it pursues sustainable growth by connecting customers and communities.
Graphion Energy Solutions USA has introduced a game-changing technology that allows electric motorcycles to fully charge in just 10 minutes on September 23 in Vientiane. This innovative service launched ahead of the 2024 ASEAN Energy Business Forum, is set to make electric transportation more accessible and eco-friendly in Laos.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 24 September 2024 – Monash University Malaysia is pleased to announce that seven of its research proposals have successfully secured funding from PETRONAS. This strategic partnership underscores a shared commitment to advancing innovative research in the energy sector, focusing on sustainable solutions that address the pressing global energy challenges of today and the future.
PETRONAS awarded a total of RM71 million in research grants through the PETRONAS-Academia Collaboration Dialogue (PACD), a highly competitive initiative that saw 588 applicants vying for funding. Ultimately, 61 researchers from 25 universities were selected to receive grants, with Monash University Malaysia among the successful institutions.
The awards were presented by Malaysia’s Deputy Minister of Higher Education, YB Datuk Ts Mustapha Sakmud, alongside Malaysia Petroleum Management Senior Vice President, Datuk Ir. Bacho Pilong.
“I firmly believe that one potential solution to the challenge of high capital investments needed for a sustainable future lies in technological breakthrough. This requires us to invest more in research and development, making collaboration between academia and industry vital,” stated Datuk Ir. Bacho Pilong.
The funding is allocated to research areas aligned with emerging global trends, focusing on sectors such as low-carbon and renewable energy. These include carbon capture and storage systems, bioenergy development, efficient hydrogen generation, and enhancing operational efficiency through data analytics and AI.
Here are the recipients of the funding from Monash University Malaysia:
Professor Ir. Dr Chan Eng Seng, School of Engineering: “Microalgae oil Biorefinery: Identification, quantification and characterisation of lipid derivatives from crude lipids extracted from microalgae.”
Dr Song Cher Pin, School of Engineering: “Biorefinery of defatted microalgae: Separation. identification, characterization and valorization of defatted microalgae.”
Dr Surya Nurzaman, School of Engineering: “Aerial perching for contact-based inspection in oilfield installations based on soft robotics.”
Professor Raphael Phan, School of Information Technology: “Æinstein: Adversarial AI amongst Materials Discovery Domains.”
Dr Patrick Tang, School of Engineering: “Modelling and Knowledge-informed Control of Microalgae Lipids Metabolism under Diverse Environmental Stresses.”
Dr Lau Ee Von, School of Engineering: “Microalgae in CO2 capture and renewable energy.”
Professor Chai Siang Piao, School of Engineering: “Development of electro-catalyst for CO2 reduction study from flaring or post-combustion.”
These projects span critical areas such as renewable energy, CO2 reduction, green hydrogen, AI, and robotics—research that aligns with Monash University Malaysia’s mission to address key global issues and drive technological advancements.
“This partnership with PETRONAS represents a significant milestone in our ongoing efforts to advance research that makes a tangible impact. By working together, we are not only exploring solutions for today’s energy challenges but also helping to shape a sustainable future. The diverse range of research projects funded through this collaboration speaks to the strength and innovation of our academic community. I am confident that the outcomes of these initiatives will contribute to the betterment of society, both locally and globally,” stated Professor Dato’ Dr Faisal Rafiq Bin Mahamd Adikan, Vice President (Research & Development) at Monash University Malaysia.
As the world faces increasing pressure to transition to cleaner, more efficient energy sources, collaborations between academia and industry become ever more vital. The partnership with PETRONAS highlights the importance of such alliances and reinforces the role that academic institutions like Monash University Malaysia play in shaping the future of energy.
Hashtag: #monashuniversity
The issuer is solely responsible for the content of this announcement.
PETRONAS
Petroliam Nasional Berhad (PETRONAS) is a global energy and solutions company, ranked amongst the largest corporations on Fortune Global 500®️.
We seek opportunities in energy investments both in hydrocarbon and renewables across the globe and maximise value through our integrated business model. Our portfolio includes conventional and unconventional resources as well as a diverse range of fuel lubricant, and petrochemical products. This is further strengthened with a successful product delivery track record. Our customers are at the heart of everything that we do, and our businesses are anchored on meeting their needs.
Our technology is our differentiator and the key to ensuring excellence in all that we offer – energy, products and solutions, as well as unlocking new business frontiers. Sustainability is at the core of everything that we do, as we believe in harnessing the good in energy to add quality to everyday lives. People are our strength and partners for growth. We believe in progressing with our partners in addressing the evolving needs in today’s changing energy landscape.
Monash University Malaysia
Monash University Malaysia, established in 1998, is the third-largest campus of Australia’s largest university and the first foreign university campus in Malaysia. We are a premier research-intensive Australian university ranked among the top 50 universities globally by the QS World University Rankings 2024 and a member of Australia’s prestigious Group of Eight (Go8). Monash University is also ranked 54 in the latest Times Higher Education World University Rankings. A self-accrediting university, we offer a distinctly international and culturally rich environment with approximately 9,300 students from 79 countries. Monash University Malaysia, including the Jeffrey Cheah School of Medicine and Health Sciences, is wholly owned and operated by Monash University since 2020.
Average days receivable for most sectors increased compared to previous year
SINGAPORE – Media OutReach Newswire – 24 September 2024–Aon plc (NYSE: AON), a leading global professional services firm, today announced the release of its 2024 Working Capital and Performance Benchmarking Report for Asia Pacific. The study examines the working capital performance and practices of more than 900 companies across 21 industries and 12 countries/territories in the Asia Pacific region.
According to the report, the average days receivable for Asia Pacific companies for year ending 2023 was 71 days. Although a small increase from 2022, an increase in days receivable reflects a decrease in working capital availability and indicates slower collection of cash from customers.
The report also reveals significant variations in days receivable across industries and countries/territories, highlighting the need for regional and sector-specific solutions. In the financial year ending 2023, companies in Japan reduced their days receivable by five days to 42 days and now lead the region in days receivable performance. Conversely, companies’ days receivable increased considerably in Hong Kong at 65 days (+3.6), Thailand at 64 days (+2.6) and India (+2.7). While Hong Kong and Thailand remain below the regional average of 71 days, India fell further back to 100 days, emphasizing an opportunity for Indian corporates to optimize their working capital management.
Steve Taylor, head of credit solutions in Asia for Aon, said: “Working capital is crucial for any business, especially in times of uncertainty and volatility. When companies take longer to convert their working capital into cash, it can affect their liquidity and profitability. Businesses must identify areas for improving working capital availability and implement strategies such as using credit insurance to protect against the risk of non-payment, support revenue growth and secure financing. By applying data-driven insights companies can make better decisions to optimise their working capital management and generate significant value for their business.”
Benchmarking against industry competitors is crucial for identifying areas for improvement in the working capital cycle. Japanese corporates, for example, are the regional leader in days receivable across all sectors, however within the electrical products sector they fall behind the industry average and are 27 days slower than their Korean competitors in the same sector.
The report suggests that best-in-class companies can leverage working capital efficiencies to generate free cash flow and reduce debt levels demonstrating the strategic importance of effective working capital management.
Ankit Tambe, regional director, credit solutions in Asia for Aon, said: “Benchmarking an organisation’s days receivable against peers is an important step in assessing financial health and evaluating working capital performance. By reviewing credit solutions strategies to shorten the cash conversion cycle and unlock trapped capital, organisations can drive greater value creation and enable business growth.”
For more information about the Working Capital and Performance Benchmarking report, click here.
Hashtag: #Aon
The issuer is solely responsible for the content of this announcement.
About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.
Disclaimer The information contained in this document is solely for information purposes, for general guidance only and is not intended to address the circumstances of any particular individual or entity. Although Aon endeavours to provide accurate and timely information and uses sources that it considers reliable, the firm does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of any content of this document and can accept no liability for any loss incurred in any way by any person who may rely on it. There can be no guarantee that the information contained in this document will remain accurate as on the date it is received or that it will continue to be accurate in the future. No individual or entity should make decisions or act based solely on the information contained herein without appropriate professional advice and targeted research.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 24 September 2024– JFOODO (Japan Food Product Overseas Promotion Center) proudly introduces the inaugural edition of its renowned “Seafood Loves Sake. 2024” campaign in Malaysia, bringing together 10 of the nation’s most celebrated culinary destinations, from reputable culinary havens to beloved neighborhood coffee shops, to captivate the senses with 20 exquisite pairings, masterfully crafted to elevate the remarkable affinity between the sea’s bounty and the celestial essence of Japanese sake.
Seafood Loves Sake. 2024 – Malaysia.
Unlike the previous campaigns held in Singapore and Hong Kong, this debut in Malaysia will commence on October 1st and run until October 21st, 2024, inviting discerning food enthusiasts to embark on a transformative palatal adventure. The participating establishments include 3 renowned restaurants from Johor Bahru and 7 acclaimed venues from Kuala Lumpur (view the complete list for more details), spanning a diverse range of cuisines, including French, Italian, Asian fusion, and Chinese, each poised to showcase the extraordinary versatility of Japanese sake alongside the global finest seafood specialties.
Sake and Seafood Pairings from Highlighted Malaysian Restaurants.
Amongst the 10 hotspots are the high-end Japanese restaurant Kampai KLCC, the Australian restaurant-to-retail brand CALIA PAVILION, and the pioneering Hanabi Robata Izakaya. Each epicurean locale has meticulously curated unique sake-infused creations prepared to transport diners on a sensory odyssey. Whether you’re a seasoned sake connoisseur or a curious foodie, enjoy a newfound appreciation for the heavenly union of seafood and sake.
“We are thrilled to introduce the bewitching dance of seafood and sake to the refined palates of Malaysia,” remarked Mr. Tetsuya Ito, Senior Director of JFOODO. “This inaugural campaign is a testament to our unwavering dedication to cultivating a profound reverence for the extraordinary versatility of Japan’s artisanal sake, demonstrating its remarkable synergy with diverse culinary creations.” Hashtag: #Japanesefood #Sake #FoodCampaign #Seafood
The issuer is solely responsible for the content of this announcement.
About JFOODO
The Japan Food Product Overseas Promotion Center (JFOODO) was established in 2017 by the Japanese government as part of the Japan External Trade Organization (JETRO). JFOODO collaborates with industry partners to showcase the quality, diversity, and authenticity of Japanese food and beverages through various campaigns and events. The mission is to enhance the export of Japanese agricultural, forestry, fishery, and food products and to brand and promote these products globally.
In Japanese, culture can be expressed as 「風土」(pronounced as “fudo”), which coincidentally rhymes with “JFOODO.” The name also reflects their aspiration to increase worldwide recognition and appreciation for Japanese food, akin to how other aspects of Japanese culture have gained international acclaim. In Japanese, the kanji character「道」(read as “dō”) symbolises “the way” or “the code.” JFOODO strives to embrace and promote “the way of food” alongside Japanese culture to captivate global audiences and cultivate a deep appreciation for Japanese food and its rich heritage.
SINGAPORE – Media OutReach Newswire – 24 September 2024 – Prepare to be enthralled by a mesmerizing symphony of flavours as JFOODO (Japan Food Product Overseas Promotion Center) proudly unveils the eagerly anticipated 5th edition of its renowned “Seafood Loves Sake. 2024” campaign, in collaboration with 20 of Singapore’s most esteemed and celebrated culinary havens. This enchanting culinary journey promises to captivate the senses with an extraordinary collection of 40 exquisite pairings, masterfully crafted to elevate the remarkable affinity between the sea’s bounty and the celestial essence of Japanese sake. Unlike previous iterations, this year’s campaign will commence on October 1st and run until October 21st, 2024, inviting discerning food enthusiasts to indulge in a transformative palatal adventure.
Seafood Loves Sake. 2024 – Singapore.
Amongst the 20 esteemed establishments participating in this year’s campaign are the Michelin-starred WHITEGRASS, the pioneering Eclipse by BDC, the acclaimed Morsels, and the celebrated Rhubarb. Each of these epicurean locales has meticulously curated unique sake-infused creations poised to transport diners on a sensory adventure like no other. Seafood Loves Sake. 2024 aims to bring together a diverse array of culinary styles, from Michelin-honoured establishments to beloved neighbourhood haunts, all united in their quest to showcase the remarkable versatility of Japanese sake. Whether you’re a seasoned sake connoisseur or a curious foodie, this event promises to ignite a newfound appreciation for the heavenly union of seafood and sake.
Headline-Worthy Hospitality: A Glimpse into the Four Iconic Dining Destinations
Sake and Seafood Pairings from Michelin-starred Restaurants.
WHITEGRASS is nestled within the historic Chijmes landmark, a remarkable dining hotspot that seamlessly blends the classic elegance of French cuisine with a distinct Japanese influence, creating an extraordinary gourmand experience. This exceptional restaurant is led by Chef Takuya Yamashita, hailing from the nature-rich Nara Prefecture. It showcases a deep appreciation for the environment and a gripping storytelling approach through thoughtfully crafted dishes. Their menu focuses on using the freshest seasonal produce to create dishes that are thoughtful and respectful of nature while remaining gastronomically refined.
WHITEGRASS’s exquisite pairings of sake and meticulously prepared dishes exemplify this amicable fusion. The Suigei Junmai Ginjo Koiku No.54, with its umami-rich taste and faint ginjo aroma, complements the natural sweetness and richness of the Kuro Maguro sashimi from Nagasaki, served sashimi-style with a Sauce Basquaise and a smoked pomme purée. The Ohmine 3 Grain Hiire Yamadanishiki sake, with its delicate muscat aroma and crisp finish, finds its perfect match in the roasted Japanese market fish, served with savoury chicken bouillon, a luxurious lobster sauce, Canadian lobster, and seasonal mushrooms.
Eclipse by BDC sits in the heart of Singapore’s vibrant Chinatown district, a sophisticated Asian-European culinary gem that combines innovative culinary techniques with the finest locally sourced ingredients. Helmed by the talented and award-winning Chef Samuel Quan, this flagship restaurant of the Bespoke Dining Club embodies a culinary philosophy rooted in the pursuit of exceptional dining experiences. Atop the historic 70 Eu Tong Sen Street, Eclipse also commands a stunning rooftop setting. The venue’s design and atmosphere create an elegant and refined ambience, perfectly echoing the restaurant’s culinary excellence.
The pairing of the Chiyomusubi Junmai Daiginjo Gouriki 40 sake and the Hay Smoked Oyster Pumpkin Bread is a testament to Eclipse’s culinary artistry. The sake, brewed from the Gouriki rice varietal, exhibits a rich umami character with notes of chocolate-covered cherries and caramel, which beautifully highlights the smoky, savory flavors of the oyster pumpkin bread, topped with succulent Obsiblue prawn tartare, Avruga caviar, Ohba leaf, and bright yuzu aioli. Similarly, the Coral Trout dish, pan-seared to perfection and served with an anchovy emulsion, a luxurious beurre blanc sauce, and soft, pillowy gnocchi, is stressed by pairing with the Dassai 39. This sake’s luscious, nectar-like sweetness with aromas of cotton candy, banana, and Japanese pears creates a blissful balance with the delicate flavours of the coral trout.
Morsels, under the guidance of the award-winning chef-owner Petrina Loh, is an alluring dining hub that celebrates the aligned Asian fusion of innovative and comforting cuisine. Located in Singapore’s lush Dempsey Hill enclave, this modern restaurant has evolved from humble beginnings as a casual wine bar to a refined gourmet oasis, offering guests a culinary journey that perfectly mixes Asian influences with a touch of global flair. Chef Petrina Loh’s impressive culinary journey has shaped the distinctive identity of Morsels. The finest local and sustainable ingredients and her passion for creating unique homemade fermented sauces are the cornerstones of the restaurant’s innovative and progressively Asian-inspired menu.
The Kojimaya Untitled #01 sake exhibits a velvety texture and an intriguing balance of sweet nectarine, melon, and cherry flavours, improved by the refreshing notes of yuzu peel, finding its pleasing pairing in the Hamachi Kombujime, where the delicately cured yellowtail is elevated by a vibrant nectarine blood orange sauce and the topped luxurious addition of 8 Gems Caviar. Moreover, the Grilled River Prawn dish, served with house-made mushroom miso and paired with the Tengumai Junmai Daiginjo Yamahai sake, showcases the depth of flavours that Morsels is renowned for. The sake, with its rich rice flavors, buttery mouthfeel, and hints of walnut bread and honey, creates a harmonious balance with the succulent river prawn and the umami-forward mushroom miso, as well as the Akitakomachi risotto and maitake mushrooms that accompany the dish.
Rhubarb, located in the charming Duxton Hill enclave of Singapore, is a captivating contemporary French restaurant that has earned its place amongst the city’s finest dining establishments. Founded in 2014 by the talented trio of Chef Paul Longworth, Jerome Desfonds, and Alice Low-Ang, Rhubarb has consistently maintained its prestigious Michelin star since 2016, affirming its excellence in French gastronomy. The intimate dining space, with just eight tables and an open kitchen, allows guests to immerse themselves in the culinary experience while being cared for with special attention. Rhubarb focuses on sourcing the finest ingredients and curating a thoughtful wine list featuring regional French labels and fine digestifs.
The synchronized pairing of the Kikkawa Afuri “Akatsuki” Mizumoto Wine Barrel sake and the Cold King Crab & Sago dish is set to tease your taste buds. The sake, aged for 120 days in Bordeaux wine barrels, exhibits a refreshing and modern expression with bright acidity and a hint of tannin, complementing the delicate flavors of the Japanese king crab salad, which features sago pearls, a buttermilk base, cucumber, lemon verbena jelly, and creamed avocado. The Foie Gras, Cured Kampachi, Radish And Bergamot dish, paired with the Yukawa 16th Kuroemon Yamahai Miyamanishiki 13 sake, showcases the depth of flavors Rhubarb is proud of. The sake, with its fresh fruitiness, underlying umami, refreshing acidity, and subtle herbaceous notes, creates a light and balanced profile that harmonizes with the seared duck liver, cured kampachi, bergamot puree, and fermented radish slaw.
“We are thrilled to once again bring the bewitching dance of seafood and sake to the discerning palates of Singapore,” remarked Mr. Tetsuya Ito, Senior Director of JFOODO. “This captivating campaign stands as a steadfast endorsement of our unyielding dedication to cultivating a profound reverence for the extraordinary versatility of Japan’s artisanal sake, proudly demonstrating its remarkable synergy not only with time-honored Japanese culinary traditions but also with a vibrant tapestry of global gastronomic delights.”
Appendix 1 – List of participating restaurants (*Alphabetical Order)
Restaurant Name
Address
Cask and Shells
36 Kim Keat Road, Singapore 328812
Cibo Italiano
428 River Valley Road, #01-01/2, Singapore 248327
Eclipse by BDC
70 Eu Tong Sen Street, #06-01, Yue Hwa Building, Singapore 059805
Hua Ting Restaurant
Orchard Hotel Singapore, Level 2, 442 Orchard Road, Singapore 238879
The issuer is solely responsible for the content of this announcement.
JFOODO
JFOODO, which stands for The Japan Food Product Overseas Promotion Center, was established in 2017 by the Japanese government as part of the Japan External Trade Organization (JETRO). JFOODO collaborates with industry partners to showcase the quality, diversity, and authenticity of Japanese food and beverages through various campaigns and events. The mission is to enhance the export of Japanese agricultural, forestry, fishery, and food products and to brand and promote these products globally.
In Japanese, culture can be expressed as 「風土」(pronounced as “fudo”), which coincidentally rhymes with “JFOODO.” The name also reflects their aspiration to increase worldwide recognition and appreciation for Japanese food, akin to how other aspects of Japanese culture have gained international acclaim. In Japanese, the kanji character「道」(read as “dō”) symbolises “the way” or “the code.” JFOODO strives to embrace and promote “the way of food” alongside Japanese culture to captivate global audiences and cultivate a deep appreciation for Japanese food and its rich heritage.
HONG KONG SAR – Media OutReach Newswire – 24 September 2024 – Qupital, Asia’s leading data-driven fintech platform specializing in supply chain financing solutions for e-commerce businesses, today announced it has received a significant investment from Lending Ark Asia Secured Private Debt Fund advised by CITIC Securities CLSA Capital Partners (HK) Limited (“Lending Ark“).
The investment, structured as a mezzanine tranche, will further enhance Qupital’s e-commerce receivables-backed securitization facility, which has already seen substantial backing since HSBC joined the Senior tranche alongside Citi in May 2024. The capital injection will fortify the securitization facility’s ability to support more cross-border e-commerce merchants with flexible and reasonably-priced supply chain financing solutions.
Andy Chan, Co-founder & President of Qupital, commented, “We are thrilled to be partnering with Lending Ark to bolster our funding capabilities. As seasoned experts of supply chain financing, we have established strong partnerships with major inventory, logistics and payment services such as Cainiao and Airwallex to facilitate trade on e-commerce platforms like Amazon, Tmall, Pinduoduo and JD.com. Having Lending Ark on board will allow us to deploy capital more efficiently, as well as fulfilling the strong demands for working capital from cross-border e-commerce merchants while daily online consumption continues to grow globally. We are grateful to have the team to support our vision and ambition.”
Lending Ark is a market leader in Asian asset-backed credit investments. Currently managing commitments of over USD 1 billion, Lending Ark has pioneered the design of unique asset-backed investments across Hong Kong, South Korea, Australia/New Zealand, Indonesia and Vietnam. Gregory Park, Lending Ark Fund Head, states, “Qupital, quintessentially, represents the explosive growth opportunities across the Asia Pacific region in e-commerce. Lending Ark is excited to partner with Winston Wong, Andy Chan and the entire Qupital team in shaping the future of cross-border e-commerce trade further contributing to the global digital economy.”
As Asia’s first fintech provider to securitize e-commerce receivables, Qupital has disbursed over US$2B since 2016 while maintaining a remarkably low default rate of below 0.1%, largely enabled by its robust proprietary credit model that is empowered by AI and big data analytics. The stellar track record has attracted a number of reputable institutional investors to participate in its funding. The addition of Lending Ark is a strategic push to enhance Qupital’s position in the trade finance sector.Hashtag: #Qupital #fundraising #fintech #tradefinance #ecommerce #business #technology
The issuer is solely responsible for the content of this announcement.
About Qupital
Qupital is a Hong Kong based FinTech company that specializes in data-driven financing, primarily serving US and Europe-facing merchants in China selling on platforms like Amazon, eBay, Shopee, Lazada, as well as domestic merchants in China on JD.com, Tmall and Pinduoduo etc. To date, it has disbursed over US$2B since 2016 with a notably low default rate of below 0.1%, demonstrating industry-leading performance. Some of its high profile investors include Alibaba, Greater Bay Area Homeland Development Fund and the Hong Kong Government.