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SUIC Worldwide Holdings Ltd. (SUIC) is a company that provides research and development, venture financing, and investments in private enterprises and the public sector. They focus on developing products and services utilizing core capabilities of the Internet of Things, cloud computing, mobile payment, Big Data, Blockchain, and Artificial Intelligence. SUIC aims to enhance existing processes and establish new business models to create revolutionary products and services. The company's shareholders have exposure to diverse advanced services across various sectors, while customers benefit from a diversified portfolio of technologies. SUIC is at the forefront of technology innovation, shaping the businesses of the future.
SUIC QQPay USA Inc., a fintech startup, is launching the QQ Fintech Payment Platform, the world’s first Shari'a-compliant non-bank cross-border payment platform. This initiative, set for a July launch, targets the growing halal economy, projected to reach $3 trillion by 2024. Collaborating with QQ Fintech Pte Ltd., it aims to provide innovative financial services tailored for Muslim consumers globally. The platform seeks to address the needs of unbanked users and offer alternatives to existing Shari'a banks through advanced fintech solutions.
Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC) has appointed He Chi-Sheng as its new Media Director to enhance marketing and branding efforts. He brings over 20 years of experience from Taiwan's TVBS-NEWS and various government and private sector roles. This strategic move aims to implement innovative strategies to expand SUIC's global footprint, targeting sales in up to 50 countries. The company expects his leadership to significantly boost visibility and market share in global digital asset trading.
Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC) announced a $200 million investment commitment from top Taiwanese family groups, Taiwan's largest crypto exchange BitoEx, and Vietnam's Hong Van Exchange. These investments aim to bolster the development of SUIC's DeFi technology and a new all-in-one payment platform. BitoEx handles over $20 billion in digital currency trades since 2002, while Hong Van Exchange offers CFD trading and asset management services. The funds are expected to significantly enhance SUIC's ventures and technology applications.
Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC) has acquired a 49% stake in Midas Touch, a UK-based company, along with a partnership with Suntech Technology from Taiwan. This collaboration aims to create a robust ecosystem supporting payment service firms and E-commerce merchants globally, tapping into the extensive hundred trillion dollar supply chain and lending markets. Midas Touch has already secured commitments for over $100 million to fund various supply chain projects, enabling better trade transaction optimization and enhanced working capital for businesses.
Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC) teams up with Suntech Taiwan to enhance its global supply chain finance segment, anticipating economic growth in 2021. This partnership is supported by significant investments from partners and merchants. Suntech's innovative 'EC-Solution Honeycomb' provides a zero-interest E-commerce platform for effective affiliate marketing across popular social media channels. Established in 1998, Suntech is Taiwan's leading third-party payment service provider, offering diverse fintech solutions.
Sino United Worldwide Consolidated Ltd. (SUIC) and Suntech Technology aim for significant growth in global market expansion. With partnerships with 28 major Taiwanese banks and credit card companies like Visa and Mastercard, Suntech reports over 15 million transactions and a turnover exceeding $1 billion. Targeting the $21 trillion global supply chain market, they offer efficient digital payment solutions that reduce costs and enhance consumer trust. Their unique technology provides a competitive edge with no interest for O2O transactions, differentiating them from rivals.
Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC) was the inaugural presenter at the Emerging Growth Conference on May 26, 2021. This event attracted over 10,000 global business leaders, enabling SUIC to showcase its role in decentralized finance (DeFi). SUIC anticipates significant growth in the cash flow management market, projected to expand from USD 369 million in 2020 to USD 1,170 million by 2025, at a CAGR of 25.9%. The company aims to leverage innovative technologies to enhance cash flow solutions, marking a transformative phase in FinTech. A recorded webcast of the conference is available on YouTube.
Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC) has signed a memorandum of understanding to acquire 51% of Suntech Co. Ltd., Taiwan's largest O2O payment company. The acquisition, valued at cash, aims to establish a strong foothold in the fintech market with high barriers to entry. Suntech, founded in 1998, has over 50,000 merchant relationships and serves more than 10 million users, achieving a turnover rate of $1 billion. This partnership is expected to leverage blockchain technology for enhanced supply chain financing and digital advancements.
Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC) will present at the Emerging Growth Conference on May 26, 2021, at 9:00 AM Eastern time. The conference offers a platform for interaction between the investment community and the company's director, Mr. Joa Chen, head of the Technology Division. Attendees can participate in a Q&A session following the presentation. For those unable to attend live, an archived webcast will be available. The conference connects public companies with institutional investors to discuss innovative products and growth strategies.
Sino United Worldwide Consolidated Ltd. (SUIC) announced a new $50 million revolving credit facility negotiation with major banks in Asia to support Seiki Digital's $70 million orders from Walmart. This financing aims to enhance Seiki's manufacturing capabilities for consumer electronics and smart appliances and ensure steady growth. SUIC is committed to strengthening Seiki's competitive position globally by utilizing various asset-based financing solutions. Seiki Digital, established in 2009, is recognized for delivering value in consumer electronics.
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