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Sharing Economy International Inc (SEII) announced a strategic investment of $30 million from Hanking Fund, aimed at bolstering its focus on the metaverse and naked eye 3D technology. The funding will support R&D for intelligent algorithms and 3D solutions in diverse markets including Hong Kong, Macao, and Europe. SEII plans to use 60% of the investment for new product development and 40% for enhancing partnerships in 3D technology. This move is expected to positively impact SEII's business growth and sustainability efforts.
Sharing Economy International Inc. (OTCQB: SEII) has paused its BuddiGo delivery platform due to COVID-19 concerns. With vaccinations increasing and economies reopening, SEII plans to relaunch BuddiGo in Hong Kong by late Q2 or early Q3 2021. The BuddiGo platform enables P2P food and grocery delivery services, adapting to changing consumer behaviors during the pandemic. Revenue in the Online Food Delivery segment is expected to reach US$798 million in 2021, showing strong market potential. The platform aims to enhance community health by tracking users' vaccination and health status.
Sharing Economy International Inc. (SEII) announced its integration of NFT technology into the ECrent platform, enhancing its blockchain-based sharing economy services. This initiative aims to facilitate sharing of digital products and assets securely through a decentralized model, extending beyond physical items to include digital arts, music, and video games. The updated platform is expected to be completed and tested by Q3 2021, positioning SEII as a pioneer in the digital sharing market.
