Two brands covering 6 stores successfully raised RMB 2.59 million by listing Daily Revenue Obligations (DROs) on MCEX, according to an announcement on MCEX website. The subscribers to the two DROs included Panthera Fund, Oriental Patron Securities Limited, and other financial institutions.
Five stores under China’s hotel chain brand Yu Yue Electronic Sports Hotel (Brand Code: SHYY) successfully raised RMB 1.114 million by listing Daily Revenue Obligations (DROs) with a contract period of 3 years on MCEX. The subscribers to the five DROs included Panthera and other financial institutions.
Founded in 2020, Yu Yue Electronic Sports Hotel, which empowers traditional hotel chains with E-Sports, is positioned as “Mid-range Hotel Quality + High-end E-Sports Experience”, and has already covered 11 cities such as Shanghai, Guangzhou, Nanchang, and three regions in East, South and Central China, with a membership of one million.
One store of China’s top ice training chain brand Uniterra (brand code: WYFF) has successfully raised RMB 1.477 million by listing Daily Revenue Obligation (DRO) with a contract period of 29 months on MCEX. The subscribers to the DRO included Oriental Patron Securities Limited, Panthera Fund and other financial institutions.
Uniterra, a premier ice training brand in China, was founded in September 2017 by Zhang Dan, a world champion figure skater. Uniterra has a coaching team that developed a unique training program, divided into five levels. Currently, Uniterra operates three Olympic standard ice rinks in Beijing and has amassed a membership of 7,100, mainly serving young individuals aged 3 to 15 years.
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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