On January 4, 2023, DMALL and Hong Kong Cyberport signed a cooperation agreement. The two sides will jointly build a world-class retail technology digital experience center to jointly promote the digital transformation of SMEs in Hong Kong and the entire Greater Bay Area. Sun Dong, the Secretary for Innovation, Technology and Industry of the SAR Government, said that this cooperation will achieve an output value of more than HK$5 billion in the next three years, and the personnel scale will also expand from the current 70 people to 300 people.
Sun Dong said that DMALL is the first leading enterprise introduced to Cyberport after the SAR Government released the "Hong Kong Innovation and Technology Development Blueprint" last month. The cooperation between the two sides not only injects momentum into the Hong Kong e-commerce ecosystem, but also opens a new chapter for exchanges and R & D between the mainland and Hong Kong in the digital economy. This is an important step in implementing the strategy of promoting the development of the technology industry and achieving Hong Kong's "new industrialization".
Chan Sui Ming, Chairman of Cyberport, said that this cooperation with DMALL, combining its mature and advanced sales technology and smart Internet of Things, as well as a huge partner logistics network, injects innovative momentum into the development of retail business and the promotion of the digital economy, and can promote the development of the entire ecosystem.
DMALL is a one-stop omni-channel digital retail solution service provider, providing end-to-end business SaaS solutions, and providing a one-stop solution for retail joint cloud through DMall OS to help retailers and brand merchants achieve digital transformation.
Zhang Wenzhong, the founder of DMALL, said that DMALL's digital business has landed in the Chinese mainland, Hong Kong, China, Southeast Asia, and Europe, and its international business is developing by leaps and bounds. This cooperation with Cyberport will further help DMALL expand the Greater Bay Area market and accelerate the internationalization process based on Hong Kong.
Zhang Wenzhong said that DMALL will increase its investment in Hong Kong, attract more outstanding digital technology talents from Hong Kong and the world to join, and at the same time give full play to the experience and technical advantages of DMALL, connect with Cyberport's strong local science and technology innovation network and support plan, provide assistance to science and technology innovation companies and SMEs engaged in the digital economy, and promote the development of the digital economy industry chain in Hong Kong.
Public information shows that on December 7, 2022, DMALL has submitted a prospectus to the Hong Kong Stock Exchange, planning to be listed on the Hong Kong Main Board for an IPO.