[MACAO – April 18, 2024] Two stores under the foot massage and SPA brand Bodhizone (Brand Code: PSJK) successfully raised RMB 3.074 million by listing two Daily Revenue Obligations (DROs) with a contract period of four years on MCEX. The subscribers to the DROs included Panthera Fund and other financial institutions.
Founded in 2011, Bodhizone has grown from a local foot massage and SPA brand to a regional name in Jiangsu, offering essential oil SPA treatments, foot massages, and dining services in natural, healing environments. With seven operational stores and 12 more underway in Wuxi, Changzhou, and soon in Nantong and Shanghai, Bodhizone aims to increase its footprint to 40 stores. This expansion will focus on refining store operations to become a leader in the regional health and wellness sector.
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.
For details of DROs, visit the MAP for more information: https://mt.microconnect.cc
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About Micro Connect
Founded in 2021, Micro Connect is a technology and exchange platform that connects global capital with small local businesses using a new proprietary asset class – Daily Revenue Obligations (DROs). Through its Micro Connect (Macao) Financial Assets Exchange (MCEX), the world’s first licensed exchange for daily-revenue-based financing, global investors have deployed over US$ 600 million to more than 12,000 micro and small businesses in the food & beverage, retail, services, and culture & sports industries across over 280 cities in Greater China.
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