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