Source: Sina Hong Kong stocks
A few days ago, AMTD, Asia's leading conglomerate, together with its subsidiary NYSE:HKIB, SGX:HKB) and Shangcheng Division, 36 krypton (NASDAQ:KRKR), the outstanding brand and groundbreaking platform of China's new economic participants, Tianxing Dike, the financial technology services platform of Xiaomi Group, the world's leading consumer Internet of things platform, and Shangmi Fund Management Co., Ltd., jointly established by Shangsheng and Mr. Cai Zhijian, announced the joint venture company AK73 Capital (Shangkrypton Capital). In order to build China's new economy enterprise life cycle service flagship, help the new generation of new economic leaders to ride the wind and waves in the global capital market development tide.
AK73 Capital is committed to solving the multiple needs of new economy enterprises and entrepreneurs with integrated services: driven by in-depth research and content, with the mission of building a bridge between strategic resources and high-quality capital, covering the fields of enterprise strategic consultation, data and information research, brand communication management, ecological community construction and capital market strategy, and enabling the value discovery and expansion of new economy enterprises and entrepreneurs. Help the next generation of leading enterprises in China's new economy to convey to the world the innovative vitality and growth of China's new economy.
Cai Zhijian, chairman of Shangcheng Group and invited vice president of China Young Entrepreneur Association, said that as Asia's leading independent investment bank and comprehensive financial institution group, in the past few years, we have successfully helped and supported the listing, financing and internationalization of China's new economic leader in international capital markets such as Hong Kong and the United States. We hope to combine our resources, network and experience, together with like-minded 36 Krypton and Star Digital. Fully support and empower China's next generation of new economic groups, achieve China's next generation of business leaders and work together to create a new business model in China's new economic era, grow together and build a better world.
36 Krypton CEO Feng Dagang said that as China's new economic service platform, 36 Krypton is very pleased to join Mr. Cai Zhijian, Shangcheng and Star Mathematical to establish AK73 Capital, to make full use of the resources and energy of shareholders of all parties, to build a bridge between resources and capital, to accelerate the full flow of information, talent, capital and business opportunities among different communities in the new economy, and to reconstruct the value-driven and development space of new economic services.
Zhao Weixing, vice president of Tianxing Digital and chairman of Shangmi Fund Management Company, said that since its inception, Xiaomi has firmly believed in the power of value, whether it is entrepreneurship or investment in Xiaomi's ecological chain. Xiaomi is shouldering a sense of unremitting mission: so that everyone can enjoy a better life experience brought about by technology. This is the great era of China's new economy, and we hope to work with shareholders to help more technology entrepreneurs build a better future.
About the multiplication
Shangcheng Group is a diversified and integrated enterprise group focusing on financial services, covering financial services such as investment banking, asset management, digital technology, as well as non-financial areas such as education and real estate development.
Shangcheng International (NYSE: HKIB; SGX: HKB), a controlling subsidiary of Shangcheng Group and a dual listed company on the New York Stock Exchange and Singapore Exchange, is Asia's leading independent investment bank and asset manager. In recent years, as the lead investment bank, successful services include Xiaomi, Meituan, 36 Krypton, Maoyan Entertainment, Tongcheng Yilong, Meitu, Lancheng Brothers, Tiger Securities and other leading enterprises of China's Internet new economy listed in Hong Kong and the United States. It is a trusted strategic partner of China's new economy leader in the international capital market.
In addition, Shangcheng and Xiaomi jointly initiated the establishment of Star Bank, one of the eight virtual banks in Hong Kong, and Shangmi Fund Management Company, which operates a nationwide qualification for foreign equity investment management (i.e. QFLP and other licence business) approved by Chinese regulators.
About 36 krypton
36 krypton is an excellent brand and groundbreaking platform dedicated to serving China's new economy participants, with the mission of enabling new economy participants to achieve higher achievements, connecting and serving new economy communities such as start-ups, TMT giants, traditional enterprises, institutional investors, local governments and individual users, so as to accelerate the full flow of information, talent, capital and technology, and promote the rapid, steady and sustainable development of the new economy. On November 8, 2019, 36 krypton officially launched on Nasdaq under the ticker symbol "KRKR". The business of 36 Krypton is mainly divided into three modules: online advertising, enterprise value-added services and subscription services. in the past 10 years since its establishment, 36 Krypton has accumulated more than 840000 enterprise library resources and served thousands of customers.
About Shangmi Fund Management Company
Shangmi (Zhuhai) Equity Investment Fund Management Co., Ltd. is a joint venture company jointly established by Tianxing Dike, a digital financial platform of Xiaomi Group, and Shangsheng Group. With the approval of Chinese regulators, it operates the business of equity investment management of foreign investment nationwide, and is committed to investing in financial technology enterprises, industrial ecological chain enterprises, intelligent manufacturing enterprises, etc. Help entity enterprises to obtain long-term stable funds with lower capital costs to support their long-term development, and provide multi-faceted and multi-level value-added services for proposed listed / listed companies, such as strategic carding, model optimization, industrial chain integration, financing support, business development and so on.