Business Daily Media

The Times Real Estate

.

CashOn Signs Strategic Cooperation Memorandum with Wuxi Huishan (Shenzhen) Innovation Center to Promote Digital Economy Development in the Greater Bay Area

Innovation Center Invests RMB 9 Billion to Support Enterprises and Drive Technological Projects in Huishan

HONG KONG SAR - Media OutReach Newswire - 3 September 2024 - CashOn, Hong Kong's first digital currency lending platform, announced today the signing of a strategic cooperation memorandum with the Wuxi Huishan (Shenzhen) Innovation Center.

The cooperation aims to jointly explore digital currency lending matching services based on CashOn's innovative fintech platform in the Greater Bay Area, striving to drive technological innovation and industrial growth in the digital economy.

Representative of Wuxi Huishan (Shenzhen) Innovation Center (Left) and representative of CashOn (Right)
Representative of Wuxi Huishan (Shenzhen) Innovation Center (Left) and representative of CashOn (Right)

Through this collaboration, CashOn will accelerate its international market expansion, further enhancing its competitive edge by providing practical financing solutions to customers. CashOn focused on fintech and Web3 applications, offering a platform that helps customers access cash liquidity by using digital currencies, finding and comparing quotes from multiple financial companies, and providing suitable lending solutions, enhancing the fluidity between digital currencies and fiat currencies.

Recently, CashOn was recommended by the GBA Youth Entrepreneurs Association to set up operations in the Wuxi Huishan (Shenzhen) Innovation Center. This opportunity will strengthen collaboration with the GBA Youth Entrepreneurs Association, deepen ties between Hong Kong and mainland enterprises, and create broader development opportunities for young entrepreneurs. Leveraging the rich resources and policy support of the Wuxi Huishan (Shenzhen) Innovation Center, CashOn will expand its business in the innovation and digital economy sectors.

Under the strategic cooperation memorandum, the Innovation Center will provide support in market expansion and resource integration, assisting CashOn in improving the layout of the international market. This collaboration will also effectively help CashOn seize potential opportunities arising from national development, quickly adapt to market changes, and establish deeper relationships with various enterprises.

Located in the core area of Shekou Prince Bay in Shenzhen, the Wuxi Huishan (Shenzhen) Innovation Center is a significant innovation incubation space under Wuxi Huishan Science and Technology Innovation Industry Group Co., Ltd, serves as a reverse accelerator connecting the technological and financial resources of Wuxi Huishan with the Greater Bay Area. Since June 2022, the center has signed agreements with 19 projects, totaling an investment of RMB 9 billion (HK$9.89 billion)[1]. The center will assist enterprises in settling in Wuxi Huishan by opening up scenarios and connecting resources in the future.

Recruiting Professional Talent in the Greater Bay Area to Drive Technological Innovation

Marvis Wong, Co-founder and CEO of CashOn, said, "We are deeply grateful for the collaboration with the Wuxi Huishan (Shenzhen) Innovation Center and the strong support from the GBA Youth Entrepreneurs Association. This partnership offers us the chance to engage with more international business leaders, exchange insights on blockchain and fintech development, and apply innovative thinking to our business growth, capitalizing on new opportunities in digital finance."

Moreover, CashOn plans to recruit more Web3 and blockchain professionals in the Greater Bay Area to drive technological innovation and create job opportunities, injecting new vitality into the region's economic growth. CashOn will fully utilize its technological and market advantages to provide more efficient digital currency lending services, thereby promoting innovation and development in the fintech industry.

Expanding into the ASEAN Market with Innovative Web3 E-Payment Solutions

ASEAN countries' rapid economic development implies opportunities for more fintech solutions. Looking ahead, CashOn plans to expand into the ASEAN with innovative Web3 e-payment solutions, offering more financial service options to merchants and virtual asset holders. Marvis Wong stated, "CashOn will leverage its core strengths by introducing innovative lending solutions to meet the financing needs of local businesses and individuals, bringing advanced fintech technologies to the 'Belt and Road' countries, and supporting the collaborative development of the digital financial economy across regions."


[1] The Wuxi Huishan (Shenzhen) Innovation Center has signed agreements with 19 projects worth RMB 9 billion (HK$9.89 billion) since June 2022: https://www.wuxi.gov.cn/doc/2022/06/02/3681042.shtml

Hashtag: #CashOn


The issuer is solely responsible for the content of this announcement.

CashOn

Founded in 2022, CashOn is a technology finance company focused on fintech and Web3 applications. The company is committed to providing secure, transparent, and efficient financial services through blockchain and smart contract technology. CashOn's digital currency lending matching platform utilizes big data analysis and AI technology to help customers find and compare quotes from multiple financial companies, securing the most suitable loan solutions. The company's goal is to drive the development of the virtual asset market and create the most excellent value for its customers.

Website:

News from Asia

Chinachem Group Attains International Recognition for Sustainable Development Efforts

Achieves GRESB Five-Star Rating HONG KONG SAR - Media OutReach Newswire - 10 January 2025 - Dedicated to achieving a sustainable, zero-carbon future by prioritising environmental, social, and gove...

Hong Kong’s Innovations Radiating Impact at CES 2025

Largest-ever delegation of homegrown tech companies capturing global attention and potential business opportunities HONG KONG SAR - Media OutReach Newswire - 8 January 2025 - Hong Kong Science and...

The Best of Both Worlds: Enjoy Authentic, World-Class Deli Meats this Chinese New Year

The "Enjoy the Authentic Joy from Europe" campaign brings the irresistible flavours of renowned deli meats to Hong Kong for Chinese New Year. HONG KONG SAR – Media OutReach Newswire – 10 January 2...

Trend Micro and Intel Innovate to Weed Out Covert Threats

Harnessing the power of software and hardware security to drive stronger ransomware detection for businesses HONG KONG SAR - Media OutReach Newswire - 10 January 2025 - Trend Micro Incorporated (T...

Finex Launched ‘Get X2’ Trading Competition to Celebrate the New Year

Finex, an Indonesian broker with over a decade of success, launched a trading marathon campaign to start the New Year with 100% rebates and other attractive rewards. JAKARTA, INDONESIA - Media Out...

Results of the ixCrypto Index Series Quarterly Review (2024 Q4) & IX Digital Asset Industry Index Series Half Yearly Review (2024 2H)

HONG KONG SAR - Media OutReach Newswire - 10 January 2025 - Today, IX Asia Indexes announced the 2024 4th quarter review of ixCrypto Index Series and IX Digital Asset Industry Index Series...

Results of the IX Digital Asset Industry Classification System ("DAICS®") 2024 2H Review

HONG KONG SAR - Media OutReach Newswire - 10 January 2025 - Today, IX Asia Indexes announced the 2nd Half 2024 Review of the IX Digital Asset Industry Classification System ("DAICS®"), aiming to p...

Top 2 Best Places to Work in Bangladesh for 2024 Revealed

DHAKA, BANGLADESH - Media OutReach Newswire - 10 January 2025 - The Best Places to Work certification program has recognized Foodpanda and Novo Nordisk as the top two best places to work in Bang...

Top 6 Best Places to Work in the USA for 2024 revealed

NEW YORK, USA - Media OutReach Newswire - 13 January 2025 – The Best Places to Work organization is thrilled to unveil the Top 6 Best Places to Work in the USA for 2024, celebrating companies tha...

Infinity Financial Advisory Unveils Enhanced Digital Capabilities to Transform Client Financial Planning Experience

SINGAPORE - Media OutReach Newswire - 13 January 2025 - Infinity Financial Advisory is pleased to announce the launch of the i-NITIATE® Client App 2.0, an upgraded platform designed to improve the...

UBH Group Pioneers Australia's Path to Nuclear Sovereignty

Sovereign technology company, UBH Group, has achieved a landmark milestone as the first organisation in the Southern Hemisphere to secure ISO 1944...

The unsung heroes: How MSPs can safeguard SMBs while boosting profitability

In Australia, small-to-medium-sized businesses (SMBs) form the backbone of the economy, accounting for 95% of all businesses. Yet, they remain pri...

Businesses grapple with wage compliance as new laws take effect

Australian businesses are navigating a landscape of rising compliance complexity as new wage theft laws under The Closing Loopholes Acts take hold...

Aerologix Partners with Soar to Create World’s Largest Digital Atlas

Australian drone technology pioneer Aerologix today announced a strategic partnership with digital mapping platform Soar to create what is set to ...

Five signs that AI is growing faster than the internet did

What do Aussie businesses need to do to keep up? There has been mounting chatter that AI is growing even faster than the rapid acceleration we sa...

Protecting Your Small Business from Cyber Threats This Holiday Season

The holiday season brings a surge of online activity for small and medium businesses (SMBs), with increased sales and customer inquiries offering ...

Sell by LayBy