A collection of four stores under China’s southwest restaurant brand Yixi Lotus Root Soup (Brand Code: CQYX) successfully raised RMB 1.014 million by listing Daily Revenue Obligations (DROs) with a contract period of 2 years on MCEX. The subscribers to the four DROs included Panthera Fund and other financial institutions, according to an announcement on MCEX website.
According to MCEX data, by March 19, 2024, Yixi Lotus Root Soup had raised RMB 834,000 through the issuance of four DROs. Yixi Lotus Root Soup originates from Chongqing, with a total of 50 stores nationwide, primarily located in third and fourth-tier cities and towns in Yunnan, Guizhou, and Sichuan provinces. It specializes in its original lotus root soup and traditional Chinese herbal products, focusing on nourishment and health enhancement.
MCEX is dedicated to creating a market-driven, open-source exchange platform for the issuance and trading of DROs. Since launching its Market Accepted Protocol (MAP) on January 16, 2024, the platform has actively harnessed the strengths of intermediaries, brands, investors, and various market participants to support funding for micro and small businesses. Over the upcoming weeks, a variety of stores representing diverse brands will list their DROs on MCEX, further enriching a widely engaged DRO-focused investment and financing ecosystem.
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Micro Connect connects global capital with small businesses. Officially launched on August 3, 2023, Micro Connect Macao Financial Assets Exchange (MCEX) is a global exchange platform for the revenue-sharing asset class and represents Macao’s new endeavor to promote the development of innovative finance and Micro Connect’s mission to provide micro and small businesses with access to sustainable and affordable funding. As of the end of December 2023, more than 10,000 micro and small businesses had raised nearly RMB 4 billion from global investors through the platform.
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