Pan Wang” extension started to create 70 million in five years

Pan Wang” extension started to create 70 million in five years

Hong Kong Wenhui News (Reporter Yan Lun Le) “Pan Wang” The Deng Chengbo family’s Shengyu Group’s business scope is more and more extensive, involving hotels, restaurants, finance, real estate, etc. In recent years, it has expanded its innovative technology related to the company’s business. The recently launched “Science in the Sky” program, which recruits 5 start-ups from Hong Kong and Asia Pacific to participate in business development in Hong Kong, involving blockchain technology, new platform for lending and lending, hotel booking services, encryption investment technology and property management Services, etc., hope that related technologies can create additional value for the company, and will invest another 70 million yuan in the development of start-ups in the next five years.

Select companies to come to Hong Kong to find cooperation space

In recent years, the company has increased its efforts to support start-up companies. Among them, the “Achieving the Genesis” plan recruits a number of start-ups from 11 cities in the Asia-Pacific region within Hong Kong and arranges them to come to Hong Kong to participate in a four-month business incubation plan. Providing accommodation and accommodation, we have selected 5 of them from the collection of 500 proposals, and will study the business of the group to see where there is room for cooperation.

Among the five team startups, one of the Hong Kong-based companies, Liquefy, is building a platform to use the blockchain technology to securitize non-current assets, namely STO (Security Token Offer). The goal is to allow investors to easily invest in illiquid assets that were difficult to start with and share their future gains without being affected by the fund lock-up period. In the future, the Shengyu Group will not rule out the cooperation of its real estate projects.

As for Malaysian companies, they are setting up new platforms to connect with money lending or lending. The rest also includes teams from Australia, Singapore and other places, intending to establish a platform for hotel reservation services, encryption investment technology, property management services and other areas. Deng Yaosheng, chairman of the Shengyu Group, said that if the plan is feasible, the company will invest at least 100,000 US dollars (about 785,000 yuan) in each project to support the start-up of the startup business.

In addition, the Group will follow up regularly after the completion of the plan, and will invest in start-ups with development potential. There is no upper limit on investment, at least 8% investment, and up to 30% investment. The flexibility is reserved for the startup to continue to raise funds and go public. The whole project was conceived more than a year ago. I hope to introduce more creative elements to Hong Kong in the Asia-Pacific region. Many companies actually have local business models, but there are not many businesses in Hong Kong and Asia. The promotion can help them enter the Hong Kong market. .

Deng Yaosheng said that breakthrough thinking limits

Deng Yaosheng revealed that the company plans to continue to invest 70 million yuan in the next five years to open up the venture capital market. It is hoped that 5 to 20 teams will come to Hong Kong every year. “There is a success in 30.” The next round of applications will be held at the end of this year. Deng Yaosheng believes that if the company relies solely on the development of the company, it will have a limited mindset. However, if you cooperate with different startups, there will be more new breakthroughs after opening up the horizon, which will capture some new business opportunities in the market.

Announcement of internal entrepreneurial achievements at the end of

In addition to introducing innovative technologies overseas, the company also encourages internal entrepreneurship. He said that the company has been developing venture capital funds in the past. At present, it has invested in nearly 10 companies and invested about 200 million yuan, mainly for companies with synergy with the Group’s business. One of them is doing media technology, hoping customers can stay low. Consumption on the platform provided by the hotel is estimated to be available to the outside world at the end of the year. When talking about why to increase investment in innovation and technology, he said that the main reason is that many big data was wasted before, and I hope to use it effectively through new technologies, and at the same time establish the company’s unique competitiveness.

He added that most of the startups currently investing in the promotion are already in the existing income, and may be listed in a few years. After some companies have new investors to join, the company will sell the old shares at the new price, but will retain certain shares for sale in future appreciation. The goal is to return the shares after three years of holding the shares.