A collection of 33 stores under two prominent Chinese consumer brands in the service and cultural & sports industries successfully raised RMB 4.245 million by listing Daily Revenue Obligations (DROs) on MCEX, according to an announcement on MCEX website.
The subscribers to the 33 DROs included Panthera Fund, Keywise Capital Management (HK) Limited, Cypress Hong Kong Limited Partnership Fund, Carnegie Hill Capital Partners Limited, and other financial institutions.
I’m Coming (Brand Code: ANLY), an online to offline campus service provider, raised RMB 2.629 million by listing 29 Daily Revenue Obligations (DROs) with a contract period of 20 months on MCEX.
According to MCEX data, by March 7, 2024, I’m Coming had raised RMB 4.026 million through the issuance of 26 DROs. Founded in 2014, I’m Coming is a lifestyle service provider tailored for universities, providing range of on-campus services through its app, including meal ordering and delivery, supermarket delivery, and e-commerce flash sales.
Geek World (Brand Code: NATA), an amusement arcade chain in China, raised RMB 1.616 million by listing four Daily Revenue Obligations (DROs) with a contract period of three years on MCEX.
According to MCEX data, by March 7, 2024, Geek World had raised RMB 24.884 million through the issuance of 26 DROs. Launched in 2019, Geek World now operates 30 stores, committed to creating high-quality family entertainment spaces that enhance parent-child interactions.
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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