[MACAO – April 25, 2024] One store under Shanghai’s top Anhui cuisine brand Shan Li Qin Qi (Brand Code: PHCY) successfully raised RMB 0.72 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 and other financial institutions.
Shan Li Qin Qi is a high-end Anhui cuisine brand in Shanghai’s top shopping areas, known for its exquisite food and stylish interiors. It caters to the city’s affluent locals and enjoys widespread acclaim.
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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