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$Kitchen Culture(5TI.SI) AREX is a new solution launched by OOWAY which will be the first accounts receivable exchange in the world. Using big data, artificial intelligence and blockchain technology, trading enterprises can look towards it to solve their financing woes.
https://finance.yahoo.com/news/announcing-launch-asian-accounts-receivable-123000558.html
Data is " fuel" ...and Technology is the " Engine" ....
if old school biz like Credit Bureau Asia can still do well, then there is strong potential for new emerging " Credit Info" tech companies like Ooway Technology under Kitchen Culture.
Brokers' take: CGS-CIMB initiates Credit Bureau Asia at ' add' , S$1.53 target
CGS-CIMB has initiated coverage on Credit Bureau Asia (CBA) at " add" with a target price of S$1.53, citing its resilient business model.
In a report dated Tuesday, analysts from the broker said CBA' s value proposition lies in the need for credit information to assess counterparty risks across periods of economic growth and market uncertainty.
The analysts highlighted that CBA is Singapore' s market leader by revenue in the credit and risk information solutions.
They view CBA' s business model to be resilient across economic cycles, as a gauge of creditworthiness during periods of economic growth and to assess counterparty risk during cycle troughs.
For financial year ended December 2020, CBA' s revenue grew 7 per cent as stronger demand for review reports from financial institutions and commercial clients offset weaker loan applications volumes.
The analysts see high barriers of entry in the credit risk and information space. They note CBA' s subsidiary Credit Bureau (Singapore) Pte Ltd has an entrenched position in Singapore with its 18 years of history in the industry. Parties that wish to conduct a lending business are required by the Monetary Authority of Singapore to make enquiries with a credit bureau prior to commencing operations.
In Cambodia and Myanmar, the analysts highlighted that the joint ventures of CBA are the sole credit bureaus, allowing for first-mover advantages.
The analysts like CBA' s highly cash generative business, with minimal capital expenditure. They are projecting growth in earnings before interest, tax, depreciation and amortisation of between 8 per cent and 18 per cent over the next three financial years.
Pls do your own DD
if old school biz like Credit Bureau Asia can still do well, then there is strong potential for new emerging " Credit Info" tech companies like Ooway Technology under Kitchen Culture.
Brokers' take: CGS-CIMB initiates Credit Bureau Asia at ' add' , S$1.53 target
CGS-CIMB has initiated coverage on Credit Bureau Asia (CBA) at " add" with a target price of S$1.53, citing its resilient business model.
In a report dated Tuesday, analysts from the broker said CBA' s value proposition lies in the need for credit information to assess counterparty risks across periods of economic growth and market uncertainty.
The analysts highlighted that CBA is Singapore' s market leader by revenue in the credit and risk information solutions.
They view CBA' s business model to be resilient across economic cycles, as a gauge of creditworthiness during periods of economic growth and to assess counterparty risk during cycle troughs.
For financial year ended December 2020, CBA' s revenue grew 7 per cent as stronger demand for review reports from financial institutions and commercial clients offset weaker loan applications volumes.
The analysts see high barriers of entry in the credit risk and information space. They note CBA' s subsidiary Credit Bureau (Singapore) Pte Ltd has an entrenched position in Singapore with its 18 years of history in the industry. Parties that wish to conduct a lending business are required by the Monetary Authority of Singapore to make enquiries with a credit bureau prior to commencing operations.
In Cambodia and Myanmar, the analysts highlighted that the joint ventures of CBA are the sole credit bureaus, allowing for first-mover advantages.
The analysts like CBA' s highly cash generative business, with minimal capital expenditure. They are projecting growth in earnings before interest, tax, depreciation and amortisation of between 8 per cent and 18 per cent over the next three financial years.
Pls do your own DD
$Kitchen Culture(5TI.SI) As the leading B2B cross-border e-Commerce marketplace in China, DHgate saw strong demand for Chinese products from international markets and experienced significant momentum in 2020. The compound annual growth rate was over 60%, outperforming the industry&rsquo s average.
https://www.businesswire.com/news/home/20210303005430/en/DHgate-Benefits-From-China%E2%80%99s-Surging-B2B-Cross-Border-e-Commerce
Company recently set up a subsidiary planning to go into fund management business. Looking to hear more about their plans and how this could tie up with their investment into Ooway.
Incorporation of wholly-owned subsidiary &ndash 3L Asia Capital Pte. Ltd. The Company incorporated a wholly-owned subsidiary in Singapore known as 3L Asia Capital Pte. Ltd. (&ldquo 3L Asia Capital&rdquo ), with an issued and paid-up share capital of S$2,000,000 divided into 2,000,000 ordinary shares. As part of the strategic business review conducted by the Group as set out in the Company&rsquo s announcement dated 31 March 2020, the Company had incorporated 3L Asia Capital to undertake fund management activities for ultra high net worth individuals and families mainly from Asia Pacific countries.
Incorporation of wholly-owned subsidiary &ndash 3L Asia Capital Pte. Ltd. The Company incorporated a wholly-owned subsidiary in Singapore known as 3L Asia Capital Pte. Ltd. (&ldquo 3L Asia Capital&rdquo ), with an issued and paid-up share capital of S$2,000,000 divided into 2,000,000 ordinary shares. As part of the strategic business review conducted by the Group as set out in the Company&rsquo s announcement dated 31 March 2020, the Company had incorporated 3L Asia Capital to undertake fund management activities for ultra high net worth individuals and families mainly from Asia Pacific countries.
Ooway Tech seems to be highly valuable, otherwise why would others put money into this venture...Jim Rogers is in as well...good to follow the smart money.
Pls do your own DD..
Pls do your own DD..
The company recently raised USD5m for Series A propping Ooway Tech' s valuation to SGD86m. Didn' t Jim Rogers is into AI.
WBdisciple ( Date: 02-Feb-2021 09:37) Posted:
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Asian Accounts Receivable Exchange (AREX) - Leading the Digitalization of Global Trade Receivables
Thu, February 25, 2021, 8:30 PM· 4 min read
https://finance.yahoo.com/news/announcing-launch-asian-accounts-receivable-123000558.html
BEIJING, CHINA / ACCESSWIRE / February 25, 2021 / On February 23, 2021, OOWAY saw the successful launch of AREX and the release of the " White Paper on Financial Services for Cross-border E-Commerce Industry in China" . With an attendance of almost 10,000 participants, the online event included our partners, ASEAN-China Commerce Association, Shenzhen Cross-border E-Commerce Association, Tuotuo Digital and Hongkong Fortunetech Limited.
Jim Rogers, co-founder of OOWAY said, " AREX is the way to make accounts receivables more liquid. This innovation can get rid of factoring, we can get rid of letters of credit and free up trade internationally and domestically!"
Peter Grindrod, Chief Scientist of OOWAY and well known applied mathematician and data technology expert, is also currently a professor of Oxford University, said " OOWAY is drawing on fast moving concept of methods from data science and the artificial intelligence (AI) to produce a world digital platform in AREX."
In 2020, China is the only major economy in the world to achieve positive economic growth. The country' s international trade is expected to hit a record high, with the total value of imports and exports in goods reaching RMB 32.2 trillion, making it the top trading nation globally.
As international trade continues its progression, global international trade accounts receivables is expected to reach RMB 94.9 trillion. The generation of unending accounts receivables has caused cashflow problems and impacted the competitiveness of micro, small and medium-sized enterprises plying the international trade. This is largely due to the dearth of financing opportunities for micro, small and medium enterprises as they are relatively newer and smaller in size, lacking in assets, revenue that is gradually growing and insufficient data on their operations.
AREX is a new solution launched by OOWAY which will be the first accounts receivable exchange in the world. Using big data, artificial intelligence and blockchain technology, trading enterprises can look towards it to solve their financing woes.
AREX is an asset exchange aiming to disrupt traditional financial services in the digital trading arena and redefining trade factoring services. As a " New Factoring" force, it uses multiple cutting-edge technologies to realize the value of accounts receivables through securitization and creates another digital industry.
AREX facilitates intelligent online transactions and its inception allows the accounts receivable assets of international trading firms to be converted into digital assets. By making accounts receivables more liquid and monetizing them to solve cashflow issues for asset owners, it offers flexibility, choice and opportunity for them.
AREX is also a value creation ecosystem with trade-related parties from various international locations participating in it. Distinguished players in the business and financial communities support AREX members with their wide scope of services. Asset owners, investors, financiers, together with other ecosystem participants such as banks, insurance companies, cross-border E-Commerce platforms, cross-border payment platforms and business services providers, find themselves in a hub with a diversified pool of business opportunities.
Central to the success of AREX is the development of bMARS (Behaviour Model of Association Risk System) that allows the different credit grades of the varied assets to be pooled. Bruce Lau, Chief Data Director of OOWAY, shared: " At OOWAY, we use big data intelligence to evaluate enterprise business behavior for better control of risks. bMARS Cross-border E-Commerce Credit Rating Model is developed by OOWAY that is also able to differentiate the credit quality of the underlying assets."
The rapid expansion of cross-border E-Commerce has surfaced the impactful role of financial services. OOWAY' s Research Institute also released a latest research report titled " White Paper on Financial Services for Cross-border E-Commerce Industry in China" . The paper highlights the future trends and the development of cross-border E-Commerce activities and also analyzes the role of financial services in the support of the industry.
AREX redefines the boundaries and begins a new and exciting chapter for receivables financing. This innovation has altered the digital landscape for trade finance, bringing limitless opportunities for the various partners within the ecosystem that AREX creates. According to Darwin Yang, President of ASEAN-China Commerce Association, he reminded " AREX is a golden opportunity that brings members value-added services - a win-win for all in ASEAN and China!"
Company Name: Accounts Receivable Exchange Pte. Ltd.
Contact Person: Miss Ma
Email: [email protected]
Website: https://www.sgarex.com/
SOURCE: Accounts Receivable Exchange Pte. Ltd.
Thu, February 25, 2021, 8:30 PM· 4 min read
https://finance.yahoo.com/news/announcing-launch-asian-accounts-receivable-123000558.html
BEIJING, CHINA / ACCESSWIRE / February 25, 2021 / On February 23, 2021, OOWAY saw the successful launch of AREX and the release of the " White Paper on Financial Services for Cross-border E-Commerce Industry in China" . With an attendance of almost 10,000 participants, the online event included our partners, ASEAN-China Commerce Association, Shenzhen Cross-border E-Commerce Association, Tuotuo Digital and Hongkong Fortunetech Limited.
Jim Rogers, co-founder of OOWAY said, " AREX is the way to make accounts receivables more liquid. This innovation can get rid of factoring, we can get rid of letters of credit and free up trade internationally and domestically!"
Peter Grindrod, Chief Scientist of OOWAY and well known applied mathematician and data technology expert, is also currently a professor of Oxford University, said " OOWAY is drawing on fast moving concept of methods from data science and the artificial intelligence (AI) to produce a world digital platform in AREX."
In 2020, China is the only major economy in the world to achieve positive economic growth. The country' s international trade is expected to hit a record high, with the total value of imports and exports in goods reaching RMB 32.2 trillion, making it the top trading nation globally.
As international trade continues its progression, global international trade accounts receivables is expected to reach RMB 94.9 trillion. The generation of unending accounts receivables has caused cashflow problems and impacted the competitiveness of micro, small and medium-sized enterprises plying the international trade. This is largely due to the dearth of financing opportunities for micro, small and medium enterprises as they are relatively newer and smaller in size, lacking in assets, revenue that is gradually growing and insufficient data on their operations.
AREX is a new solution launched by OOWAY which will be the first accounts receivable exchange in the world. Using big data, artificial intelligence and blockchain technology, trading enterprises can look towards it to solve their financing woes.
AREX is an asset exchange aiming to disrupt traditional financial services in the digital trading arena and redefining trade factoring services. As a " New Factoring" force, it uses multiple cutting-edge technologies to realize the value of accounts receivables through securitization and creates another digital industry.
AREX facilitates intelligent online transactions and its inception allows the accounts receivable assets of international trading firms to be converted into digital assets. By making accounts receivables more liquid and monetizing them to solve cashflow issues for asset owners, it offers flexibility, choice and opportunity for them.
AREX is also a value creation ecosystem with trade-related parties from various international locations participating in it. Distinguished players in the business and financial communities support AREX members with their wide scope of services. Asset owners, investors, financiers, together with other ecosystem participants such as banks, insurance companies, cross-border E-Commerce platforms, cross-border payment platforms and business services providers, find themselves in a hub with a diversified pool of business opportunities.
Central to the success of AREX is the development of bMARS (Behaviour Model of Association Risk System) that allows the different credit grades of the varied assets to be pooled. Bruce Lau, Chief Data Director of OOWAY, shared: " At OOWAY, we use big data intelligence to evaluate enterprise business behavior for better control of risks. bMARS Cross-border E-Commerce Credit Rating Model is developed by OOWAY that is also able to differentiate the credit quality of the underlying assets."
The rapid expansion of cross-border E-Commerce has surfaced the impactful role of financial services. OOWAY' s Research Institute also released a latest research report titled " White Paper on Financial Services for Cross-border E-Commerce Industry in China" . The paper highlights the future trends and the development of cross-border E-Commerce activities and also analyzes the role of financial services in the support of the industry.
AREX redefines the boundaries and begins a new and exciting chapter for receivables financing. This innovation has altered the digital landscape for trade finance, bringing limitless opportunities for the various partners within the ecosystem that AREX creates. According to Darwin Yang, President of ASEAN-China Commerce Association, he reminded " AREX is a golden opportunity that brings members value-added services - a win-win for all in ASEAN and China!"
Company Name: Accounts Receivable Exchange Pte. Ltd.
Contact Person: Miss Ma
Email: [email protected]
Website: https://www.sgarex.com/
SOURCE: Accounts Receivable Exchange Pte. Ltd.
Kitchen Culture &ndash The Next Leg
Kitchen Culture and Ooway
https://www.businesstimes.com.sg/companies-markets/kitchen-culture-shares-sink-as-firm-eyes-stake-in-china-fintech-ooway
" The Ooway group runs a credit platform in China named the Behaviour Model of Association Risk System, or bMARS, which uses machine learning and artificial intelligence (AI).
Via bMARS, the Ooway group provides credit rating services and credit management services for importers and exporters in China and South-east Asian countries including Singapore, Indonesia and Malaysia.
On the credit platform, small and medium-sized enterprises&rsquo (SMEs) behavioural histories are observed in their transactions, deals and activities. This behavioural footprint is then used to estimate the SMEs&rsquo creditworthiness, bypassing traditional requirements and allowing mass-market SMEs to get access to cash for trading and expansion."
Kitchen Culture and Ooway and DHgate
https://www.businesstimes.com.sg/companies-markets/kitchen-culture-ventures-into-fintech-industry-in-partnership-with-ooway
" Kitchen Culture Holdings is partnering Ooway Technology to offer services including credit rating services and integrated supply chain finance solution for merchants operating in Hong Kong on e-commerce trade platform DHgate.com
Ooway Technology, which runs an artificial intelligence (AI)-based credit management platform, had entered into a strategic cooperation agreement with Camel Financial to provide the firm with the technology to manage risk through a Behaviour Model of Association Risk System. The system will establish a correlation between behavioural patterns and credit risks of merchants on DHG' s portals more objectively.
Ooway Technology will also provide an integrated supply chain finance solution for merchants operating in Hong Kong on DHG' s portals, including provision of credit lines for instant cash withdrawal or order financing of offshore USD or onshore RMB."
How big is DHgate.com
(Via Wikipedia)
DHgate.com is a cross-border business-to-business (B2B) e-commerce platform that links primarily Chinese SMEs to businesses and individuals worldwide. As of June 30 2020, the platform had 31 million global registered buyers, 2.2 million in sellers and other countries from over 220 countries and regions,and 32 million products available
Kitchen Culture and Ooway
https://www.businesstimes.com.sg/companies-markets/kitchen-culture-shares-sink-as-firm-eyes-stake-in-china-fintech-ooway
" The Ooway group runs a credit platform in China named the Behaviour Model of Association Risk System, or bMARS, which uses machine learning and artificial intelligence (AI).
Via bMARS, the Ooway group provides credit rating services and credit management services for importers and exporters in China and South-east Asian countries including Singapore, Indonesia and Malaysia.
On the credit platform, small and medium-sized enterprises&rsquo (SMEs) behavioural histories are observed in their transactions, deals and activities. This behavioural footprint is then used to estimate the SMEs&rsquo creditworthiness, bypassing traditional requirements and allowing mass-market SMEs to get access to cash for trading and expansion."
Kitchen Culture and Ooway and DHgate
https://www.businesstimes.com.sg/companies-markets/kitchen-culture-ventures-into-fintech-industry-in-partnership-with-ooway
" Kitchen Culture Holdings is partnering Ooway Technology to offer services including credit rating services and integrated supply chain finance solution for merchants operating in Hong Kong on e-commerce trade platform DHgate.com
Ooway Technology, which runs an artificial intelligence (AI)-based credit management platform, had entered into a strategic cooperation agreement with Camel Financial to provide the firm with the technology to manage risk through a Behaviour Model of Association Risk System. The system will establish a correlation between behavioural patterns and credit risks of merchants on DHG' s portals more objectively.
Ooway Technology will also provide an integrated supply chain finance solution for merchants operating in Hong Kong on DHG' s portals, including provision of credit lines for instant cash withdrawal or order financing of offshore USD or onshore RMB."
How big is DHgate.com
(Via Wikipedia)
DHgate.com is a cross-border business-to-business (B2B) e-commerce platform that links primarily Chinese SMEs to businesses and individuals worldwide. As of June 30 2020, the platform had 31 million global registered buyers, 2.2 million in sellers and other countries from over 220 countries and regions,and 32 million products available
Regional Comprehensive Economic Partnership - A mammoth trade deal that has been nearly a decade in the making.
https://www.bbc.com/news/business-54899254
It includes the 10 members of the Association of Southeast Asian Nations (Asean), plus China, Japan, South Korea, Australia and New Zealand.
The members make up nearly a third of the world' s population and account for 29% of global gross domestic product.
The new free trade zone will be bigger than both the US-Mexico-Canada Agreement and the European Union.
India was also part of the negotiations, but pulled out last year, over concerns that lower tariffs could hurt local producers.
The Regional Comprehensive Economic Partnership (RCEP) was signed on the side lines of the mostly-online Asean conference this weekend.
What does it do?
RCEP is expected to eliminate a range of tariffs on imports within 20 years.
It also includes provisions on intellectual property, telecommunications, financial services, e-commerce and professional services.
But it' s possible the new " rules of origin" - which officially define where a product comes from - will have the biggest impact.
Already many member states have free trade agreements (FTA) with each other, but there are limitations.
" The existing FTAs can be very complicated to use compared to RCEP," said Deborah Elms, from the Asian Trade Centre.
Businesses with global supply chains might face tariffs even within an FTA because their products contain components that are made elsewhere.
Under RCEP, parts from any member nation would be treated equally, which might give companies in RCEP countries an incentive to look within the trade region for suppliers.
' Low ambition'
Although the RCEP was an Asean initiative, it is regarded by many as a China-backed alternative to the Trans-Pacific Partnership (TPP), a proposed deal that excluded China but included many Asian countries.
Twelve member states signed the TPP in 2016 before the the US President Donald Trump withdrew the US in 2017.
The remaining members went on to form the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Although it includes fewer countries, the CPTPP cut tariffs further and included provisions on labour and the environment than the RCEP.
Speaking at an online event at the Peterson Institute of International Affairs, Australia' s former Prime Minister Malcolm Turnbull said the new deal was old-fashioned.
" There' ll be some hoopla about the signing and the entry into force of RCEP. I mean RCEP is a really low ambition trade deal. We shouldn' t kid ourselves," said Mr Turnbull, who signed Australia up to the TPP.
https://www.bbc.com/news/business-54899254
It includes the 10 members of the Association of Southeast Asian Nations (Asean), plus China, Japan, South Korea, Australia and New Zealand.
The members make up nearly a third of the world' s population and account for 29% of global gross domestic product.
The new free trade zone will be bigger than both the US-Mexico-Canada Agreement and the European Union.
India was also part of the negotiations, but pulled out last year, over concerns that lower tariffs could hurt local producers.
The Regional Comprehensive Economic Partnership (RCEP) was signed on the side lines of the mostly-online Asean conference this weekend.
What does it do?
RCEP is expected to eliminate a range of tariffs on imports within 20 years.
It also includes provisions on intellectual property, telecommunications, financial services, e-commerce and professional services.
But it' s possible the new " rules of origin" - which officially define where a product comes from - will have the biggest impact.
Already many member states have free trade agreements (FTA) with each other, but there are limitations.
" The existing FTAs can be very complicated to use compared to RCEP," said Deborah Elms, from the Asian Trade Centre.
Businesses with global supply chains might face tariffs even within an FTA because their products contain components that are made elsewhere.
Under RCEP, parts from any member nation would be treated equally, which might give companies in RCEP countries an incentive to look within the trade region for suppliers.
' Low ambition'
Although the RCEP was an Asean initiative, it is regarded by many as a China-backed alternative to the Trans-Pacific Partnership (TPP), a proposed deal that excluded China but included many Asian countries.
Twelve member states signed the TPP in 2016 before the the US President Donald Trump withdrew the US in 2017.
The remaining members went on to form the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Although it includes fewer countries, the CPTPP cut tariffs further and included provisions on labour and the environment than the RCEP.
Speaking at an online event at the Peterson Institute of International Affairs, Australia' s former Prime Minister Malcolm Turnbull said the new deal was old-fashioned.
" There' ll be some hoopla about the signing and the entry into force of RCEP. I mean RCEP is a really low ambition trade deal. We shouldn' t kid ourselves," said Mr Turnbull, who signed Australia up to the TPP.
Ai lai liao
Wow digitisation
WBdisciple ( Date: 02-Feb-2021 09:37) Posted:
|
Kitchen Culture' s 30% equity stake in the Big Data & Artificial Intelligence integrated solutions provider, OOWAY Technology Pte. Ltd, www.ooway.com.
Co-founded by legendary investor Jim Rogers and led by a team comprising AI talents and data scientists from the UK, Southeast Asia and China, the OOWAY Group is principally engaged in the establishment of the Credit 3.0 platform in China named Behaviour Model of Association Risk System (&ldquo bMARS® &rdquo ), which utilises machine learning and artificial intelligence to quantify corporate behaviour into credit value.
Via bMARS® , the OOWAY Group provides credit rating services and credit management services for importers and exporters in China, Singapore, Thailand, Vietnam, Malaysia, Myanmar, Philippines, Brunei, Cambodia, Indonesia, and Laos.
pls do your own DD...
Co-founded by legendary investor Jim Rogers and led by a team comprising AI talents and data scientists from the UK, Southeast Asia and China, the OOWAY Group is principally engaged in the establishment of the Credit 3.0 platform in China named Behaviour Model of Association Risk System (&ldquo bMARS® &rdquo ), which utilises machine learning and artificial intelligence to quantify corporate behaviour into credit value.
Via bMARS® , the OOWAY Group provides credit rating services and credit management services for importers and exporters in China, Singapore, Thailand, Vietnam, Malaysia, Myanmar, Philippines, Brunei, Cambodia, Indonesia, and Laos.
pls do your own DD...