[PRESS RELEASE – Hong Kong, Hong Kong, 15th March 2021 – ChainWire ]Hong Kong-based Xeno Holdings Limited made a major equity investment in the Korean based company CityLabs Co. Ltd. to expand its presence in the South Korean market after a recent investment and collaboration agreement with Gloucester Hotel Jeju for conducting hotel, resort, tourism, and leisure business in Jeju Island,CityLabs Co. Ltd (Formerly Daily Blockchain, 139050.KQ) is a Korea-based Kosdaq listed company mainly engaged in the provision of BaaS (Blockchain as a Service), intelligent transportation system (ITS) solutions, closed-circuit television (CCTV) integrated control center business, road traffic management systems, driver information systems, optimal route guidance systems, public transportation management
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[PRESS RELEASE – Hong Kong, Hong Kong, 15th March 2021 – ChainWire ]
Hong Kong-based Xeno Holdings Limited made a major equity investment in the Korean based company CityLabs Co. Ltd. to expand its presence in the South Korean market after a recent investment and collaboration agreement with Gloucester Hotel Jeju for conducting hotel, resort, tourism, and leisure business in Jeju Island,
CityLabs Co. Ltd (Formerly Daily Blockchain, 139050.KQ) is a Korea-based Kosdaq listed company mainly engaged in the provision of BaaS (Blockchain as a Service), intelligent transportation system (ITS) solutions, closed-circuit television (CCTV) integrated control center business, road traffic management systems, driver information systems, optimal route guidance systems, public transportation management systems, electronic security systems, maritime traffic control system, and air traffic control system. The Company combines all of these to conduct a smart city solution business. It also engages in healthcare, digital marketing, and social networks.
Xeno Holdings has also recently acquired a Korean investment consulting firm to lead an initiative and organize a review on making additional investments in the South Korean market.
Xeno Holdings Limited is a Hong Kong-based Investment Company with a portfolio of technology-oriented start-ups. Xeno Holdings has a great interest in the blockchain industry by recently launching the NFT marketplace platform, Xeno NFT Hub. Xeno NFT Hub is a leading NFT marketplace project listed on Bithumb Exchange.
Xeno Holdings has also recently expanded interest in other strong industries such as artificial intelligence, IT, commercial commerce, tourism, entertainment, and now with its CityLabs investment, infrastructure management.
“The Asian market, particularly South Korea, has become significantly important and we have adjusted our involvement and portfolio weighting of it. We no longer view the Korean market as a testbed but rather see it as an important hub to penetrate and expand into the Asian market. With this long-term perspective, Xeno Holdings will efficiently utilize its current partner network as well as its own internal funds for aggressive investments in promising South Korean companies.” Said Dr. Alan Miller, president of Xeno Holdings Limited.