[MACAO – April 19, 2024] Two stores under the retail brand IPSTAR (Brand Code: AIMA) successfully raised RMB 1.347 million by listing a Daily Revenue Obligation (DRO) with a contract period of three years on MCEX. The subscribers to the DRO included Panthera Fund, Oriental Patron Securities Limited and other financial institutions.
Chao Man Ai (Shanghai) Cultural Communication Co., Ltd. is a subsidiary of Ai Man and owns the new retail brand IPSTAR. By combining trendy scenarios and products, it brings cutting-edge IP-themed contents and products, providing interactive and enjoyable entertainment experiences. It is committed to becoming a leading brand in China’s IP-themed retail industry.
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.
For more information, please visit www.microconnect.com and follow on LinkedIn: Micro Connect | 滴灌通, and WeChat: 滴灌通Micro Connect.
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