NEW YORK, April 2, 2019 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company"), a global AI-driven management and financial services company acting as a catalyst for transformative industries is pleased to announce during New York Fintech Week 2019 its exclusive deal with Hua Ya Fund of China, a leading VC and PE fund that operates in four high tech parks in China including Zhangjiang in Pudong Shanghai, Zhenjiang, Anhui, and Nanjing Jiangsu.
These four technology parks are hubs for nearly 2000 companies, and Hua Ya Fund has close to 300 investments of companies based in these parks, including Tengkai Online Points, China's leader in digital consumer loyalty program, Peilida, world leader in next generation GRC, GRC-PC, UHPC and GRM architecture designer and service provider, Nanjing ZSY Aviation Technology, a leader in industrial drone, and Eng Pai the leading Chinese sports marketing company.
As these portfolio companies scale and become profitable, they seek access to global liquidity, as well as expansion into international markets. Ideanomics is going to assist them in overseas expansion through providing advisory services to access capital markets and exchanges such as the Hong Kong Stock Exchange GEM, NYSE ICE, the newly launched Shanghai Stock Exchange Technology Board and other regulated markets- all of which are expanding their footprint and demonstrating an appetite for international listings.
"New technology provides solutions that improve transparency for regulatory compliance and jurisdictional reporting," said Kate Lam, MD of Digital Financial Products at Ideanomics. "Through a global ecosystem of regulated ATSs and licensed exchanges, the Hua Ya Fund portfolio companies can have access to international capital – potentially increasing shareholder liquidity and opening other financial opportunities."
"We were very impressed with the Hua Ya Fund and its management team, when we met recently in Beijing" said Alf Poor, CEO of Ideanomics. "Their fund has a tremendous pool of quality investments, many of which are maturing rapidly and have the opportunity to scale internationally. We're very pleased to be partnering with them, to assist their portfolio companies in achieving their exit and liquidity objectives".
By providing digital financial enablement and advisory services to its clients, Ideanomics Digital Advisory Services receives fees, shares and other negotiated revenues. Subject to certain jurisdictional and regulatory approvals, and to create further shareholder value, Ideanomics may dividend shares it receives from these clients.
Ideanomics is a global Fintech and AI catalyst for transformative industries combines deal origination and enablement with technology and applications as part of the next-generation of financial services. We drive shareholder value through 3 primary divisions: Artificial Intelligence (AI) Division, Digital Banking and Advisory, and Digital Asset Management Services.
The company is headquartered in New York, NY, and has offices in Beijing, China, with plans for global centers for Technology and Innovation such as our primary fintech village campus in West Hartford, CT.
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