21 Dec YuuZoo Forms New Joint Venture in China, Signs Huge Real Estate Development Deal Linked to eSports, eCommerce and Payments
- New joint venture in Harbin, the booming Winter Sport Capital of China, plans to engage in a wide range of projects all linked to eCommerce, eSports, ePayments and eServices
- Huge real estate project integrating YuuZoo’s eServices in upmarket new river-fronting area, earmarked by the local government for residential, commercial, educational and tourism, marks jv kick-off
- Agreement signed with local government for 85 hectares real-estate development named “Nordic Sports Town”
Harbin, Helsinki and Singapore December 21st 2017: Singapore mainboard-listed YuuZoo Corporation today announced the signing of a major new agreement with state-owned Harbin Water Investment Group Co Ltd, the company that manages and controls all water-linked land in Harbin, China. Under the now signed framework agreement, YuuZoo will develop a 85 hectares large river-fronting area of land (appr 73% of the size of Singapore’s upmarket Sentosa Cove which covers some 2500 homes, the W Hotel, several high-end restaurants, One15, Asia’s leading marina etc). The land is located on a prime upmarket new development area earmarked by the local government for high-end residential, commercial, tourism, education and sports real estate development. The project integrates YuuZoo’s wide area of eServices in eCommerce, ePayments, Social Networking and eManagement.
The master plan for the project is scheduled to include residential properties, a hotel, a multipurpose sport arena, commercial real estate, educational facilities, and water sports and restaurant developments by the river. Once completed, YuuZoo will run all eCommerce, eSports, eServices and ePayments activities in the area.
In the planning and development of the “Nordic Sports Town”, YuuZoo will draw on its Finnish roots and extensive contacts in Nordic design, project development and project management.
At the same time, YuuZoo has formed YuuZoo Heilongjiang Sports Technology Co Ltd, a new joint venture with local parties in Harbin who will provide local expertise, management and support for the development of Nordic Sports Town.
Says Thomas Zilliacus, chairman of YuuZoo Corporation: “The real estate development agreement marks a major new step in the history of YuuZoo. From its origins, as a small private developer of mobile VAS, the company has grown into a large listed eCommerce and eServices Group active developing and offering services in ePayments, eCommerce, social networking, streaming video services, DigiLogistics and mobile games to hundreds of millions of consumers in Asia, Africa and Europe.
Modern real estate, both residential and commercial, makes extensive use of a wide range of the eServices YuuZoo has developed. The downstream integration of the development and management of real estate enables us to generate significant new revenue through control of the entire value chain, in the same way our recent acquisition of a leading logistics company in Europe enables us to generate significant new revenue from the control of the full DigiLogistics value chain. The new joint venture we at the same time formed with strong Chinese partners will give us the required local support and knowhow for the development of the huge Nordic Sport Town, and also open the doors for many other projects”.
In photo: The Vice Mayor of Harbin, Zhang Wan Ping, and the Chairman of YuuZoo, Thomas Zilliacus, at the signing ceremony of the 85 hectares real estate development project in Harbin, China
Listed on the mainboard of the Singapore Stock Exchange (SGX: AFC), YuuZoo has offices in France, China, Nigeria, Thailand and Singapore. YuuZoo has built a mobile and online technology platform on which several in-house developed products in a unique, and for each market fully localised manner, offer hundreds of vertical social networks, eCommerce, mobile games, streaming video, DigiLogistics and ePayments. Through a global network of franchisees and marketing partners, the services cover several countries in Asia, Africa and Europe with a combined population of more than 4 billion. To see the YuuZoo platform and learn more about the company, log on to: http://www.yuuzoo.com.
About Harbin Water Investment Group Co Ltd:
Harbin Water Investment Group Co Ltd is a state-owned company established with the approval of the Harbin Municipal Government. It governs and develops state-owned water and water-linked land in Harbin, including the developments along the Songhuajiang River and on the Songjiang Summer Resort City area, within the scope of authorization given by the Harbin Municipal Government.
Harbin (Chinese: 哈尔滨 Hā’ěrbīn) is the capital and largest city of Heilongjiang province in the northeastern region of the People’s Republic of China. Holding sub-provincial administrative status, Harbin has direct jurisdiction over nine metropolitan districts, two county-level cities and seven counties. Harbin is the eighth most populous Chinese city and the most populous city in Northeast China. According to the 2010 census, the total population of the sub-provincial city was 10,635,971. Harbin serves as a key political, economic, scientific, cultural, and communications hub in Northeast China, as well as an important industrial base of the nation.