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

"Relaxing Jiaxing" Creative Naming Journey Launches, A Hong Kong Influencer Lead the Way in Cultural Tourism

HONG KONG SAR - Media OutReach Newswire - 7 May 2025 - Recently, a well-known travel influencer from Hong Kong was invited by Jiaxing Municipal Bureau of Culture and Tourism and Putike Internation...

Amari Bangkok: Gateway to the Vibrant Heart of the City, Creating Unforgettable Experiences at Every Moment

BANGKOK, THAILAND - Media OutReach Newswire – 7 May 2025 - Located in the dynamic heart of Thailand's capital, Amari Bangkok is an upper-upscale luxury hotel managed by ONYX Hospitality Group — a ...

INIU Expands European Footprint Through Strategic Partnership with SFR

PARIS, FRANCE - Media OutReach Newswire - 7 May 2025 - Powering ahead with innovation, INIU, a globally trusted brand in portable power solutions, is proud to bring its products to even more Fren...

Rhenus signs MoU with Inland Waterways Authority of India (IWAI)

MUMBAI, INDIA - Media OutReach Newswire - 7 May 2025 - Through the Memorandum of Understanding (MoU), leading global logistics service provider, the Rhenus Group, will operate barge services in va...

INIU Partners with Boulanger to Launch Innovative Charging Products in France

PARIS, FRANCE - Media OutReach Newswire - 7 May 2025 - INIU has expanded its partnership with France's leading electronics retailer Boulanger, making its latest innovations—MagPro Slim 5K/10K, P...

New Report Highlights Need for Ecosystem Approach to Help MSMEs in Southeast Asia Adopt More Sustainable Practices

Report by the Centre for Impact Investing and Practices (CIIP) finds growing momentum among micro, small, and medium enterprises (MSMEs) in Southeast Asia to adopt sustainability practices...

His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan acquires Warrants of Diginex Limited to Purchase 6.75 Million Ordinary Shares of Diginex for USD$300 million via a Private Transaction

LONDON, UNITED KINGDOM - Media OutReach Newswire - 7 May 2025 - Diginex Limited ("Diginex") (NASDAQ: DGNX), a global leader in ESG sustainable RegTech, is pleased to announce that His Highness Sha...

CTF Life Title-Sponsored "Fencing Plus" Training Programme by Kai Tak Sports Initiative Officially Kicks Off

Nearly 800 Students Participate in the Selection to Become Future World Champions HONG KONG SAR - Media OutReach Newswire - 7 May 2025 - Title-sponsored by CTF Life and organised by Kai Tak Sport...

Chubb Life Launches "Health Up" Insurance Plan to Foster a Wellness Lifestyle for the Tech-savvy Generation

HONG KONG SAR - Media OutReach Newswire - 9 May 2025 - Chubb Life Hong Kong today announced the launch of Health Up Insurance Plan (Health Up), a digital insurance plan aimed at promoting and faci...

F88 officially becomes a public company, paving the way for UPCOM listing

HANOI, VIETNAM - Media OutReach Newswire - 8 May 2025 - On May 6, F88 Investment Joint Stock Company (F88) was officially recognised as a public company, marking a major milestone in its growth an...

UNSW startup accelerator offers $200K to the next generation of Australian deeptech unicorns

UNSW Founders, Australia’s most recommended startup accelerator, has partnered with fund manager Luminary Partners to invest $200,000 each into 18...

The Future Is Now: AI Modernization Is Reshaping How Business Gets Done

The present business environment imposes stronger requirements on Australian organizations to match the fast-paced digital-first economy requireme...

Businesses losing an average of $493k from data integrity flaws

Managing data responsibly and effectively for the AI age can give organisations a strong competitive advantage, but many are failing to harness th...

AI shopping disruptor Zyft raises $7.5M to lead the next gen of retail tech

Zyft appoints new CEO, Richard Stevens, to lead the latest Waller Group success story, valued at $30 million SYDNEY, 28 April 2025: Zyft, the lea...

Little known law offers savvy Kiwis the opportunity to supercharge their retirement savings

A little-known legal amendment is being leveraged by savvy New Zealanders and expat Brits to supercharge their retirement savings. Not many peop...

Cutting edge AI technology designed for doctors to reduce patient wait times launched in NZ

New Zealand specialist doctors now have access to Artificial Intelligence technology to help reduce patient wait times and experts say it could be...

Sell by LayBy