As the post-COVID 19 period strategies, the Youa Group (“YOUA”) decided to reorganize and transition all present enterprises in China and other countries into cryptocurrency and blockchain businesses, with several staff transferred accordingly.
Due to own motives, Joanna (renowned nephew of the Wuliangye Group’s chairman) has temporarily stepped down from her placement as president of YOUA. Also, Ren Yuting, the president of U.N. Worldwide Society Fund (also chairwoman of the Bureau of The usa-Chinese Silk Street Chamber of Commerce beneath the United Nations World Compact), has not long ago joined YOUA as a crucial government member.
Ren Yuting is properly-identified in Wall Street circles, as she is knowledgeable in running belongings for top rated American families, these types of as the Rockefeller family members. She after managed a believe in fund that is really worth $4 trillion dollars. YOUA is delighted to welcome Ren Yuting as she will engage in a notable job in developing a variety of networks and connections inside of Wall Avenue. With its programs to reorganize its business enterprise all over blockchain, economical investment and amusement sector, YOUA will transition into crypto-specialised financial investment organization by marketing or merging its various current companies (with exception to franchise organizations, this sort of as Sujianqiji and Zhongqing Chuang).
The Hong Kong based mostly YOUA holding firm will now transfer to the Cayman Islands, where Alibaba Holdings is found. Later on, YOUA will start off its planning to listing on NASDAQ as a special reason acquisition enterprise (SPAC). As talked about above, the current companies in China will be offered and liquidated, although the remaining enterprises will be transferred to South Korea and the United States. They will then be reorganized into cryptocurrency relevant firms.
As evidenced by regularly increasing price of Bitcoin (at this time, more than $58,000 USD), YOUA acknowledged that the period of working with cryptocurrency system in a worldwide stage (rather than mere financial commitment device) has arrived. In addition, the cryptocurrency business has received assistance from the nearby and countrywide govt in Korea as there is no anti-cryptocurrency coverage like our China counterparts. For that cause, YOUA believes that Korea is the finest atmosphere and market place for its cryptocurrency enterprises.
In addition, as KPOP and Korean Wave dramas (collectively, “Hallyu”) has been acquiring intercontinental fame and recognition, YOUA believes that it will offer a cornerstone to its cryptocurrency-centered drama “Pumping Time” (the incredibly initial cryptocurrency based mostly output in the entire world). Via its success, YOUA thinks it will propel its company to attain a worldwide scale. For its small business in China, YOUA shall use its presently-established a variety of partnerships and franchise networks for cooperation and outsourcing uses to function its cryptocurrency token issuance products and services.
Going forward – YOUA and “FINE”:
YOUA will function below the Fine approach, with “F” representing the new “Finance” enterprise (beforehand, stood for franchise small business), which will now transition into staying dependable for expense into several cryptocurrency similar initiatives.
As a consequence, YOUA will implement its company strategy as follows: “F” for “Finance” as to specialised investment into Blockchain Cryptocurrency jobs (Youa Holdings), “I” for “IT” as to Cryptocurrency Exchange company (Coinism), “N” for “NEW” as to companies relating to Company Incubation (Golden Cross Infitini), and “E” for “Entertainment” (Kplay Contents). At the stop of February, YOUA, with expense into its Korea team, opened an office in close proximity to Gangnam Station.
As early as April 2021, YOUA is setting up to open up an office environment in New York.