PR91376

HONG KONG, Sept. 7, 2021 /PRNewswire=KYODO JBN/ --

FundPark has partnered with Ant Bank Macau to provide financing to cross-border

e-commerce merchants in preparation for China's upcoming Singles' Day shopping

season, creating a win-win situation for both merchants and funders.

FundPark Limited, a leading Asia-based trade finance platform committed to

facilitating the growth of the cross-border e-commerce sector by providing

convenient, readily available financing solutions, will provide financing to

merchants that are part of Cainiao Network through its new relationship with

Ant Bank Macau in a move to prepare them for the upcoming Singles' Day, the

most important shopping day of the year in the Greater China e-commerce sector.

By using FundPark's innovative online FinTech platform and effective risk

model, several institutional investors have provided high-quality funds and

efficient financing services to cross-border e-commerce merchants. The

platform's funders include different types of institutional investors,

including global fixed-income funds, leading asset management firms, family

offices and banks. The partnership with Ant Bank Macau coupled with the

industry leading trade asset-based finance solutions in cooperation with

traditional banks will allow FundPark to provide timely financing to

cross-border e-commerce merchants so they can prepare for the upcoming shopping

season. FundPark believes that the platform will benefit merchants by supplying

them with more efficient and convenient products and services through

collaboration with FinTech companies, creating a win-win situation for both

merchants and lenders.

"FundPark keeps an open mind to different collaborative models, whether the

partner is a traditional bank, a virtual bank or even an asset management

company," said FundPark co-founder and Chief Executive Officer Anson Suen. "We

expect to meet the short-term capital needs of cross-border e-commerce

merchants by providing them with appropriate and efficient financing solutions

while continuously delivering satisfactory returns to institutional investors

by optimizing our risk assessment model and online financing platform."

Shopping habits have shifted significantly as a result of the challenges

associated with the Covid-19 pandemic, driving the rapid growth of the

e-commerce sector. Of note, the Hong Kong government, in cooperation with

electronic payment operators, is distributing HK$5000 (approx. US$650) in

digital coupons that can be used for online shopping to each eligible

Hongkonger as part of its efforts to boost the growth of the domestic

consumption market. This move is bound to stimulate the expansion of the

e-commerce sector, particularly the cross-border segment, while driving the

popularization of electronic payments and facilitating online transactions.

According to data from market research firm eMarketer, the cross-border

e-commerce market has promising prospects with worldwide retail sales

anticipated to grow 27.6 per cent to US$4.28 trillion over the next three to

five years. Most notably, China is expected to become the first country in the

world where retail sales from online stores exceed those from physical stores,

with online sales anticipated to account for 52.1 per cent of the total in 2021.

E-commerce giant JD.com booked sales of 343.8 billion yuan (approx. US$51.5

billion) during China's most recent 18-day 6.18 shopping holiday. According to

historical sales data, Taobao generally posts sales during the Singles' Day

shopping period that are substantially higher than those recorded for each of

the remaining months of the year. With this in mind, FundPark aims to ease the

working capital pressure which cross-border e-commerce merchants face by

providing efficient cash flow strategies that help them to deliver better

performance in terms of sales during shopping periods. To help merchants

prepare for the upcoming Singles' Day, FundPark will provide targeted financing

solutions that meet their short-term capital needs while fueling growth in

their performance by helping them take full advantage of the opportunities

presented by the shopping season. This, in turn, will support the steady growth

of the cross-border e-commerce market.

FundPark has been highly recognized by industry players for its competence,

with its partners including Alibaba's logistics unit Cainiao, alongside other

e-commerce platforms, banks and mainstream payment platforms in mainland China.

FundPark has fulfilled its commitment to the cross-border e-commerce market by

providing financing products that satisfy the capital needs of customers,

including cross-border e-commerce merchants specializing in imports or exports.

Going forward, the company plans to create an ecosystem that benefits both

merchants and institutional investors by leveraging innovative FinTech

solutions to facilitate the supply of financing services to e-commerce

merchants.

About FundPark Limited

Founded in 2016, FundPark is a preeminent Asia-based trade finance platform

committed to leveraging innovative financial technologies to create simple and

efficient products and services that provide e-commerce merchants with one-stop

financing solutions with the goal of enhancing cash flow management. FundPark

offers multiple supply chain financing solutions to corporates and innovative

investment opportunities to institutional investors, commercial banks and other

financial institutions. With its proprietary risk assessment model and an

ecosystem built on strategic partnerships with a variety of organizations,

FundPark is able to process applications quickly and dispatch funds as rapidly

as one business day, helping companies grow their businesses by providing them

with quicker access to funding. For more information, please visit FundPark's

official website at www.fundpark.com.

For any inquiries, please contact:

Carlos Tsang

Email: carlostsang@fundpark.com

Tel: (852) 3460 2871

SOURCE:  FundPark Limited