Sheng Ye Capital Limited (“SY Capital” or
the “Company”, together with its subsidiaries, the “Group”, HKEx: 6069),
China’s first commercial factoring company listed on the main board of the Hong
Kong Stock Exchange announced that it is currently in the process of pursuing
initiatives to further strengthen its technology leadership and solidify its
position within the supply chain ecosystem. This will be achieved through
acquisitions and investments in several strategic key areas under its
Dual-Engine, One-Platform plan announced in January 2021.
Industrial Technology Engine:
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Deepen industrial technological
capabilities: The Group is exploring opportunities
in Internet-of-Things (“IoT”) and software-as-a-Service (“SaaS”) solutions in
our focused sectors including smart construction solutions, consumer healthcare
SaaS solutions, hospital supply, processing, and distribution (“SPD”) services.
This will allow the Group to create a highly digitalized supply chain ecosystem,
further cementing its position in the infrastructure and healthcare segments.
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Expand into new markets via business-to-business
(“B2B”) platforms: The Group is also evaluating specialized
B2B e-commerce platforms for emerging industries and smart logistics providers
to penetrate new industries boosted by digitalization and enter new markets and
sub-segments of our focused industries.
Digital Finance Engine:
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Market consolidation: Along with increasing digitalization of the economy, the Group plans
to leverage its platform to consolidate resources amidst the fragmented supply
chain market through investing into regional data-driven supply chain financial
services providers that demonstrate dominant market positions and/or
competitive strengths in certain industries. This will enable the Group to drive
market consolidation for the commercial factoring industry.
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Strengthen risk management: The Group will also consider tactical opportunities in focused
fintech segments such as big data analytics and cloud services, blockchain
capabilities as well as enterprise payment solutions, which will further enhance
the accuracy of data analytics and reinforce risk management capabilities of
the Group.
Investments into the Dual-Engines set
out above will enable the Group to acquire deeper industry data, enhance its technological
capabilities and create new markets within the supply chain ecosystem to
capitalize on the burgeoning demand for supply chain financial services. This
will accelerate the Group’s “platformization” strategy and boost its
platform-based technology services and market position within the supply chain
financing ecosystem. Additionally, these initiatives are also aligned with the
Chinese government’s policies for developing strategic emerging industries as
well as supporting the stable and healthy growth of the small and medium
enterprises segment.
The Group believes that the successful
integration of these core competencies will cement its technological leadership, further drive supply chain efficiency,
and promote inclusive finance as part of its long-term corporate objectives.
