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PR Newswire

Digital Garden Announces Premier Two-Day Tokyo Digital Infrastructure Summit in March 2025

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TOKYO, July 17, 2024 /PRNewswire/ — Today, Digital Garden has unveiled plans for a premier two-day summit that will bring together global and Japanese leaders to collaborate towards cementing Japan as a global digital infrastructure leader. Digital Garden Tokyo convenes thought leaders and decision-makers from digital infrastructure owners and operators, government, investors and lenders, service and equipment providers, real estate, and end-users in a unique format meant to foster networking and enable further transactions and collaboration in the space to match the pace of growth in the industry.

Digital Garden Tokyo launches on March 17th and concludes on March 18th, 2025 at the Toranomon Hills Forum, one of the premier venues in Tokyo. The event offers multiple networking events as well as topical sessions on the most important issues in the digital infrastructure space, including Japan’s rise as a global AI and cloud hub, the investment and lending environment, advancements in fiber and power infrastructure, challenges and opportunities in construction and development, and government policies and subsidies aimed at advancing digital infrastructure. Multiple global and Japanese leaders have already confirmed attendance and initial speaker lineups will be announced in Fall 2024.

Daniel Cox, Chairman of Digital Garden and longtime Japan investment veteran, said, “Through my experience standing up digital infrastructure assets in Japan, it has become clear that both Japanese and global leaders are looking for increased opportunities to drive dealmaking and share mutual learnings and best practices. This conference comes from an overwhelming ask from all stakeholders for an event like this in Japan.”

Mike Owen, Vice Chairman of Digital Garden and Executive Director of ULI Japan, added, “Over my 20+ years running ULI Japan, my personal mission has been to successfully provide a venue for Japanese and global industry leaders to proactively network, study and learn; and consequently, for the organization to serve as a foundation for successful business collaborations. I am convinced ULI Japan did this for the real estate community, and Digital Garden will do it for the digital infrastructure community.”

Information on the conference will be updated regularly and for more information and registration details, interested parties are encouraged to visit www.digitalgarden.co.jp.

About Digital Garden Digital Garden is an innovative platform promoting collaboration among all stakeholders in the digital infrastructure space with a focus on transactions and achieving digital infrastructure growth goals in the Japanese and pan-Asian context. Digital Garden Tokyo is Digital Garden’s inaugural event. Daniel Cox, Chairman of Digital Garden, is a long-term Japan investment veteran, having previously served as Chief Representative Japan for Grosvenor, CEO at Niseko Village, and Head of Business Turnaround at Citigroup Principal Investments. Mike Owen, Vice Chairman, is the Executive Director of ULI (Urban Land Institute) Japan, having led the organization for over 20 years, and Founder of Transpacific Enterprises, the leading provider of information services for the real estate and investment communities in Japan.

PR Newswire

“Industrial Finance Empowerment, Cohesion and Win-win” – The Fourth China-Korea-Japan Asset Management Summit Forum Draws to a Successful Close

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CHANGZHOU, China, Nov. 28, 2023 /PRNewswire/ — To cope with the new economic changes in the world and create a new economic development pattern in the Asia Pacific region, the 4th China-Korea-Japan Asset Management Summit Forum was held on November 22 in Zhonglou District, Changzhou, Jiangsu Province. The forum convened under the theme “Industrial Finance Empowerment, Cohesion and Win-win”. Representatives of multiple institutions, business leaders, experts and scholars from China, South Korea, and Japan were invited. In-depth exchanges and discussions were held on topics of China-Korea-Japan economic and trade cooperation and cross-border investment under the new situation, further development of industries assisted by diversified capital, and new trends in the development of asset management industries. Sheng Lei, Mayor of Changzhou Municipal People’s Government, attended the event and witnessed the contract signing. Yuan Huaizhong, Chairman of Beijing ALAN Asset Management Co., Ltd. (ALAN AMC), Lee Seung Lyul, President of Hana Bank, and Takakura Toru, President of Mitsui Sumitomo Trust Holdings, delivered speeches. Zhou Chengtao, the Secretary General of Changzhou Municipal People’s Government; Liu Min, Director of Changzhou Municipal Local Financial Supervision and Administration Bureau; and leaders of Zhonglou District including Shen Dong, Li Chaokun, Wang Xufeng, and Wu Wei attended the event.

This forum is co-organized by the People’s Government of Zhonglou District, Changzhou Local Financial Supervision and Administration Bureau, and Beijing ALAN AMC, with the cooperation of Hana Financial Group, Sumitomo Mitsui Trust Holdings, and Changzhou Zhonglou Jinlong Holding Group Co., Ltd. The forum was simultaneously live-streamed online on multiple platforms, including Beijing Private Equity Association (BPEA), Yicai.com, IFENG.com, Sina.com, hexun.com, Chinese Venture, PEdaily.cn, Chinaventure.com.cn, and Ruisi China.

The forum started with an opening speech by Li Chaokun, the mayor of the People’s Government of Zhonglou District, Changzhou City. Li stated that Zhonglou District was implementing the city’s “532” development strategy, focusing on the overall layout of the city’s “double-city” and “double-capital” construction. It is fully implementing the “dual-core linkage” strategic deployment of the “two lakes” innovation zone and the old downtown area and promoting the construction of first-class modern urban areas in the Yangtze River Delta with high quality to contribute to the entire region. He said that Zhonglou District would always adhere to the main theme of open cooperation, focus on the overall goal of financial services for the real economy, firmly adhere to the good practice of combining industry and finance, and strive to create a “Zhonglou model” of industry-finance combination, to help the “Trillion GDP city” become more convincing and efficient.

Yuan Huaizhong, Chairman of Beijing ALAN AMC, said in his speech that in the future, they would continue to actively leverage their international advantages, follow the strategic requirements of China’s high-quality economic development, actively invest in cutting-edge fields such as technological innovation, green transformation, industrial upgrading, and ESG, and play a guiding role in resource allocation with funds. “Changzhou, located in the core area of the Yangtze River Delta, has unique geographical advantages, a friendly business environment, and a complete industrial cluster. In the future, we hope to integrate more resources from South Korea and Japan and high-quality domestic financial resources into Changzhou and Zhonglou District, empowering industrial development.”

Lee Seung Lyul, President of Hana Bank, talked about Hana Finance’s global business. Together with ALAN AMC, they particularly regard China as the core country in the global market and work with Chinese partners such as ALAN AMC to gain success and profits in the Chinese market. He stated that the theme of this forum – “Industrial Finance Empowerment, Cohesion and Win-win” – perfectly matches the core vision of asset management industry development. He hoped that in the future, the cooperation between China, South Korea, and Japan in the financial field could be further strengthened, thus providing important support for the economic development in Asia.

Takakura Toru, President of Mitsui Sumitomo Trust Holdings, said in his speech that the “Era of 100-year life” was a social problem that all countries in Asia will face, also an area where trusts can play the added value. The scale of Japan’s real estate investment market (including REIT and private equity funds) is currently over JPY55 trillion (approximately CNY 2.7 trillion), which is continuously expanding, providing abundant investment opportunities. There are also challenges in the transformation. Sumitomo Mitsui Trust Holdings hoped to promote global common prosperity by solving social issues and striving to contribute to further developing asset management markets in China and Asia.

At the opening ceremony, the People’s Government of Zhonglou District signed a strategic cooperation framework agreement with ALAN AMC, pledging to make the investment more free and convenient, attract more foreign investment, help put more high-quality funds in science and technology innovation, green, and digital industries, and promote the high-quality development of the real economy.

Experts from China, South Korea, and Japan shared exciting information on the economy, society, and population in the forum. The three round-table forums held in-depth and high-quality discussions on topics of China-Korea-Japan economic and trade cooperation and cross-border investment under the new situation, the in-depth development of industries assisted by diversified capital, and new trends in the development of asset management industries, respectively. The forum actively explored investment opportunities of “Industrial Finance Empowerment, Cohesion and Win-win” to jointly create a new pattern of economic development in the Asia Pacific region. So far, the 4th China-Korea-Japan Asset Management Summit Forum has reached a successful conclusion!

The economic pattern has experienced great changes over the unprecedented transition in the last century, affecting the process of globalization. It has been a long and arduous journey for China, South Korea, and Japan to work together for a common destiny and promote joint development. We hope this forum can build a bridge for further exchanges and cooperation between China, South Korea, and Japan in the future. The three countries can enhance understanding, strengthen exchanges, and promote exchanges and cooperation in higher levels and broader fields.

Source: Beijing ALAN Asset Management Co.ltd.

PR Newswire

Ucommune Announces Extraordinary General Meeting

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BEIJING, Oct. 14, 2023 /PRNewswire/ — Ucommune International Ltd (NASDAQ: UK) (“Ucommune” or the “Company”), a leading agile office space manager and provider in China, today announced that an extraordinary general meeting of the Company (the “Meeting”) will be held at 10 A.M. on November 29, 2023, Beijing time (9 P.M. on November 28, 2023, U.S. Eastern time) at Floor B1, No.2 Guanghua Road, Chaoyang District, Beijing, China. The Company has established the close of business on October 20, 2023, Eastern time (the “Record Date”), as the record date for determining shareholders entitled to notice of, and to vote at, the Meeting and any adjournments or postponements thereof. The purpose of the Meeting is:

(1)   to effect an increase of authorized share capital from US$50,000.00 divided into 25,000,000 ordinary shares of par value of US$0.002 each, comprising (i) 20,000,000 Class A ordinary shares of par value of US$0.002 each and (ii) 5,000,000 Class B ordinary shares of par value of US$0.002 each, to US$600,000.00 divided into 300,000,000 ordinary shares of par value of US$0.002 each, comprising (i) 240,000,000 Class A ordinary shares of par value of US$0.002 each and (ii) 60,000,000 Class B ordinary shares of par value of US$0.002 each, by creating additional 220,000,000 authorized but unissued Class A ordinary shares and 55,000,000 authorized but unissued Class B ordinary shares (the “Increase of Share Capital”);

(2)   to effect a share consolidation of 12 ordinary shares with a par value of US$0.002 each in the Company’s issued and unissued share capital into one ordinary share with a par value of US$0.024 (the “Share Consolidation”), so that the authorized share capital of the Company will be US$600,000.00 divided into 25,000,000 ordinary shares of par value of US$0.024 each, comprising (i) 20,000,000 Class A ordinary shares of par value of US$0.024 each and (ii) 5,000,000 Class B ordinary shares of par value of US$0.024 each; and

(3)   to amend the Company’s Amended and Restated Memorandum and Articles of Association currently in effect (the “Current M&A”) to (i) reflect the Increase of Share Capital and the Share Consolidation and (ii) change the voting power of the Class B ordinary shares of par value of US$0.024 each (the “Class B Ordinary Shares”) from thirty-five (35) votes for each Class B Ordinary Share to fifty-five (55) votes for each Class B Ordinary Share.

Pursuant to the Current M&A, the Company obtained the ordinary resolutions of the holders of Class B ordinary shares to approve the proposed variation of rights of Class B ordinary shares set forth in the notice of the Meeting on October 10, 2023. Subject to the approval at the Meeting, the Share Consolidation will be effective at 5 P.M. on November 29, 2023, U.S. Eastern time, and the Class A ordinary shares are expected to begin trading on a post-Share Consolidation basis on the Nasdaq Capital Market when markets open on the next business trading day under the new CUSIP/ISIN numbers. No fractional shares will be issued in connection with the Share Consolidation. All fractional shares will be rounded up to the whole number of shares. Copies of the notice of the Meeting and the form of proxy are available on the Company’s corporate investor relations website at https://ir.ucommune.com.

About Ucommune International Ltd

Ucommune is China’s leading agile office space manager and provider. Founded in 2015, Ucommune has created a large-scale intelligent agile office ecosystem covering economically vibrant regions throughout China to empower its members with flexible and cost-efficient office space solutions. Ucommune’s various offline agile office space services include self-operated models, such as U Space and U Design, as well as asset-light models, such as U Brand and U Partner. By utilizing its expertise in the real estate and retail industries, Ucommune operates its agile office spaces with high efficiency and engages in the urban transformation of older and under-utilized buildings to redefine commercial real estate in China.

Safe Harbor Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; its future business development, results of operations and financial condition; its ability to understand members’ needs and provide products and services to attract and retain members; its ability to maintain and enhance the recognition and reputation of its brand; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with members and business partners; trends and competition in China’s agile office space market; changes in its revenues and certain cost or expense items; the expected growth of China’s agile office space market; PRC governmental policies and regulations relating to the Company’s business and industry, and general economic and business conditions in China and globally and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Ucommune International Ltd
ir@ucommune.com 

PR Newswire

Zenerate, Innovative AI Startup, Partners with SoLa Impact to Automate Affordable/Modular Housing Developments

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LOS ANGELES, Aug. 12, 2023 /PRNewswire/ — Zenerate (https://zenerate.ai), an innovative AI startup in the Proptech space, has entered into a strategic partnership with SoLa Impact (https://solaimpact.com/), the leading private real estate developer of affordable housing in California. Zenerate has developed a powerful platform that employs generative design, artificial intelligence and advanced data analytics to optimize the feasibility analysis process for real estate projects, reducing turnaround time and maximizing development returns.

South Korean PropTech firm, Zenerate, partners with a real estate developer, SoLa Impact
South Korean PropTech firm, Zenerate, partners with a real estate developer, SoLa Impact

In a groundbreaking move to revolutionize the affordable housing sector, SoLa Impact has partnered with Zenerate, to streamline and automate the feasibility analysis process for their affordable and modular housing developments. The collaboration brings cutting-edge AI technology to the modular construction industry and dramatically accelerates the speed of planning, configuration, design, and the permit approval process for a wide range of SoLa’s affording housing projects.

SoLa Impact has been at the forefront of addressing the affordable housing crisis in Los Angeles over the last decade, consistently demonstrating its commitment to creating sustainable, community-focused housing solutions. SoLa currently has over 35 projects with almost 3,000 units at various stages of construction, the majority of which are dedicated to affordable housing. With the increasing demand in the affordable segment, the need for swift and accurate feasibility, configuration, and design analysis has become paramount in the real estate development landscape.

Martin Muoto, the Founder and CEO of SoLa Impact, expressed enthusiasm for the partnership, stating, “We are thrilled to collaborate with Zenerate in our mission to dramatically scale the development and delivery of high-quality affordable housing in California. By leveraging Zenerate’s cutting-edge technology combined with our proprietary standardization processes, we can bring significantly more units to market more cost-effectively and more quickly, with the vast majority of our projects to house people that are currently homeless and living in tents. Equally important, these are units that are an order-of-magnitude more energy efficient than the aging housing stock they are replacing. All units are fully electric, use water-efficient fixtures, and have ENERGY STAR-certified appliances, dramatically reducing GHG emissions while providing cost savings to California’s low-income Black and brown communities.”

The integration of Zenerate’s software into SoLa Impact’s modular operations will facilitate data-driven decision-making, allowing for a more efficient and comprehensive evaluation of potential development sites, construction costs, and market demand. By automating the feasibility and design analysis, SoLa Impact’s team will be able to evaluate more sites, repurpose vacant and sub-optimized locations, and build for maximum density and affordability.

The Co-Founder and CEO of Zenerate, Benji Shin, echoed Muoto’s sentiments, emphasizing Zenerate’s commitment to providing housing more quickly and affordably by leveraging Artificial Intelligence, particularly expert systems for code compliance and machine learning for rapid massing, configuration, and design. “We are thrilled to partner with SoLa Impact, whose deep commitment to creating sustainable, scalable, and affordable housing aligns perfectly with our mission. By automating key parts of the feasibility, configuration, and eventually, the permitting process, we aim to enable developers to run thousands of financial and design scenarios instantly, ultimately contributing to the advancement of affordable housing initiatives.”

The innovative approach undertaken by SoLa Impact and Zenerate is expected to have a significant impact on the speed and scale of affordable housing development in California, starting in Los Angeles – the largest affordable housing market in the United States with the most acute homeless problem – and then expanding to other local municipalities, and eventually, other states.

About Zenerate

Zenerate, a member company of Born2Global Centre, is a venture-backed innovative AI startup in the real estate development space, providing consulting services and web-based products for feasibility studies; Z-maps is a real estate development map that weekly updates all the latest projects in Southern California, and Zenerate App is a design automation tool that generates development scenarios with floor plans in real time for feasibility studies. Visit www.zenerate.ai for more information.

About SoLa Impact

SoLa Impact is a family of real estate funds with a double bottom line strategy focused on preserving, rehabbing, and building high-quality affordable housing in low- and moderate-income communities. SoLa’s proven track record leverages data-driven social impact strategies to deliver superior financial returns. SoLa Impact’s fourth fund, the Black Impact Fund, has invested $1 billion in affordable housing in Southern California. SoLa Impact was ranked as the 7th fastest-growing minority-led private company by Inc. 500 and was awarded the Pension Real Estate Association (PREA) Emerging Manager ESG Award for SoLa’s demonstrated ability to deliver on its commitment to positive changes in environmental, social, and governance (ESG) matters. 

PR Newswire

The 40,000 m2 High-End Storage R&D Complex of Longsys’s Shanghai HQ Successfully Topped Out, Gathering Innovative Forces

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SHENZHEN, China, July 28, 2023 /PRNewswire/ — On July 28, 2023, the topping out ceremony for Longsys’s Shanghai HQ project was successfully held in the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone. Leaders from the Lin-gang Special Area Management Committee, Longsys team, and participating units such as project construction, supervision, and design jointly attended the ceremony.

Longsys’s Shanghai HQ is located at the core area of the Dishui Lake Science and Technology Innovation HQ Bay in the Lin-gang Special Area. The project was launched for construction in 2021, covering an area of about 2.3 acres, with a total construction area of about 43,000 m2, which can accommodate more than 800 R&D personnel. The project will build an R&D and office complex, focusing on high-end storage product innovation, storage industry chain delivery, offshore cross-border business, and corporate brand culture display. It is expected to be completed before the end of 2024, and will play a crucial role on carrying Longsys’s long-term development strategy.

According to the plan, Longsys’s Shanghai HQ will build a number of R&D areas and labs, introduce cutting-edge technical supporting facilities, and focus on the R&D of enterprise, industry and automotive storage products and the design of memory chips, which are widely used in various fields, such as data centers, smart cars, smart grids, security monitoring, and industrial Internet of Things.

In the high-end product R&D areas, enterprise SSD storage and storage system software for large-scale computing such as data centers, as well as large-capacity UFS memory chips that comply with the automotive and industry reliability standards will be developed to empower high-performance and high-reliability storage applications. In the memory chip design and R&D areas, focus will be on the NOR flash, SLC NAND flash, memory controller chips, memory peripheral chips, and the like to meet the market demand of miniaturized and precise storage. The high-end storage R&D complex will further enhance Longsys’s independent innovation capability and promote the development and application of storage technology in various fields.

Mr. Cai Huabo, Chairman and General Manager of Longsys, said that the construction of the Shanghai HQ Project has made a good start. As the first stop for Longsys’s expansion from the base in China to the global industrial field, with the favorable policy of talent introduction in the Lin-gang Special Area and the strong support for financial and trade innovation reform and industrial ecological construction from the government of the Lin-gang Special Area, the Shanghai HQ will become a paramount R&D center for Longsys’s innovation and development. It will also become a milestone for Longsys’s 24-year development to link the past with the future, expand production and increase capacity. In addition, it will also be regarded as a key measure for practicing the company philosophy of “being close to customers, close to talents, and close to the industrial chain.”

Salutes resounded, and ribbons fluttered in the air. At 11:18, the leaders and guests attending the meeting were excited and passionate to hold gold shovels in warm applause and blessings, and jointly completed the last concrete pouring for the main project. This moment marks that the company will enter another new chapter.

In the future, Longsys’s Shanghai HQ will gather high-end storage talents and R&D equipment, build the world’s top high-end storage R&D complex, comprehensively enhance the company’s all-around storage service capability, and continuously and steadily transform the company into an international semiconductor storage brand.

PR Newswire

GA technologies and Finatext Launch Embedded Property Insurance on Real Estate Marketplace “RENOSY”

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TOKYO, May 9, 2023 /PRNewswire/ — GA technologies Co., Ltd. (President and CEO: Ryo Higuchi, hereinafter referred to as “GA technologies”) and Finatext Ltd. (President and CEO: Akane Kinoshita, referred to as “Finatext”) have jointly developed a system providing an Embedded Property Insurance product which will be available for purchase by customers via the RENOSY online real estate marketplace*1. And Tokio Marine & Nichido Fire Insurance Co., Ltd. (President: Shinichi Hirose, hereinafter referred to as “TMNF”) will start offering the embedded Property insurance product for those who purchased investment properties at RENOSY from April 2023.

By adding TMNF’s property insurance product for individuals to Inspire*2, the SaaS for insurance business developed by Finatext, and connecting Inspire to RENOSY with APIs, RENOSY can offer its users to purchase property insurance products online, and such users can complete entire investment process from real estate investment planning to purchase properties and insurance at one-stop basis.

GA technologies and Finatext Launch Embedded Property Insurance on Real Estate Marketplace “RENOSY”
GA technologies and Finatext Launch Embedded Property Insurance on Real Estate Marketplace “RENOSY”

1. Background

As technology advances and online business models become more prevalent, customers’ expectations and actual processes for purchasing products and services are changing dramatically. Under these circumstances, an embedded insurance product that incorporates insurance products into actual products and services offered online is attracting attention as a convenient way to purchase an insurance product.

Owners of investment properties are often required to purchase property insurance when securing a loan. Real estate agents have received increasingly more feedback from customers that they want to purchase property insurance in a more convenient way. To meet such needs, GA technologies, which streamlines and digitalizes real estate investment procedures, and Finatext, which provides Inspire, a service that allows for fully digitalized insurance and embedded insurance products, have jointly developed a system providing an Embedded Property Insurance product.

2. Product Features

The partnership between GA technologies and Finatext to create embedded insurance for the online real estate marketplace is the first of its kind in the real estate and insurance industries in Japan*3. The product will provide a seamless customer experience, improve convenience for customers, and prevent customers from suffering uninsured risk. 

  • Purchasing Process on RENOSY Website (Available in Japanese only)

* This is a demonstration of how you select your preferred insurance package on the RENOSY website (available in Japanese only)
* This is a demonstration of how you select your preferred insurance package on the RENOSY website (available in Japanese only)

3. Future Initiatives

GA technologies and Finatext will continue to leverage their respective strengths to further meet the needs of consumers in Japan and globally.

*1: Commenced offering property insurance for owners of investment properties as “embedded insurance,” the first product of its kind in the real estate and insurance industry in Japan.

*2 Inspire is SaaS for insurance business provided by Finatext. For further information, please visit the service website.
https://finatext.com/solution/industry/inspire/

*3 Surveyed by GA technologies, Finatext and TMNF.

* Company names, product/service names, and logos mentioned in this press release are registered trademarks or trademarks of the respective companies.
  • GA technologies Co., Ltd.

Name: GA technologies Co., Ltd. (TSE Growth Market, ticker symbol 3491)
Address of Headquarters: Sumitomo Fudosan Roppongi Grand Tower 40F, 3-2-1 Roppongi, Minato-ku, Tokyo
Representative: Ryo Higuchi, President and Chief Executive Officer
Business: Development and operation of online real estate marketplace “RENOSY,” Development of SaaS type BtoB PropTech products
Established: March 2013

  • Finatext Ltd.

Name: Finatext Ltd.
Address of Headquarters: Sumitomo RD Kudan Bldg. 9F ,1-8-10, Kudankita, Chiyoda-ku, Tokyo, Japan
Representative: Akane Kinoshita, President and Chief Executive Officer
Business: Fintech solution business, big data analytics business, financial infrastructure business
Established: December 2018

CONTACT: Judy Yu, y_yu@ga-tech.co.jp

Source: GA technologies Co., Ltd.

PR Newswire

GA technologies group saved up to 11.77 million pieces of paper in the past year by pushing the progress of digital transformation actively

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TOKYO, April 23, 2023 /PRNewswire/ — GA technologies Co.,Ltd. （Headquarters: Minato-Ku, Tokyo; CEO: Ryo Higuchi, securities code: 3491; hereinafter referred to as the Company）announced that the Company has successfully reduced the use of 11.77 million pieces of paper in the past year (April 1st, 2022~ March 31st, 2023) （※1）along with the celebration of Earth day this year（※2）. GA technologies group has been working hard on pushing the digital transformation throughout its workflow as well as for the whole real estate industry in Japan, and as a company that cares about the environment. We also committed ourselves to the goals of sustainability through our daily work. To contribute to the protection of the Earth and its resources is one of our goals. 

【Key Highlights】

  • GA technologies group saved up to 11.77 million pieces of paper（※2） in the past year by pushing the progress of digital transformation actively 
  • Along with the enactment of the revisions of laws regarding the digital transformation of contract system in May 2022 announced by Japanese government; The amount of paper saved during our workflow has increased 48% compared to last year. 
  • The electronictization of applications as well as the digital transformation movement taking place in the real estate industry of Japan is speeding up

（※1）Earth Day (4/22)  is a holiday for the purpose of celebrating how humans can take actions to protect our environment and the progress that have been made（ https://www.earthday.org/earth-day-2023/)
（※2）The number has been calculated based on the corporations those installed our SaaS and the number of pieces of paper they saved by moving the workflow online

GA technologies group saved up to 11.77 million pieces of paper in the past year by pushing the progress of digital transformation actively
GA technologies group saved up to 11.77 million pieces of paper in the past year by pushing the progress of digital transformation actively

Our business value is “Bringing an impression through our service to people and creating a world-leading company by the power of technology & innovation”. GA technologies is committed to such a mission and  the values of sustainability, and is achieving such goals through our work. By providing BtoB SaaS products to both management companies and real estate brokers in Japan, we are able to facilitate the process of digital transformation of the industry in Japan, making the workflow more efficient and tech-smart.

A good News that is helping push the digital transformation of the Japanese real estate industry is the enactment of the revisions regarding the real estate laws of Japan in May 2022. Along with the enactment of the laws, all steps regarding a real estate transaction are able to be completed online without the involvement of paper documents nor actual seal signatures. With the strategies we have been taking in our business,  we are able to reduce the use of paper significantly. It is a 48% increase compared to last year,  which is 11.77 million pieces of paper saved for this year. 

We are planning to bring technology into other fields besides real estate in the future. We want to solve not only the issue of the scarce resources of the earth’s resources but all kinds of issues exist in this world. 

About GA group’s businesses and examples

1.  About “RENOSY Online Real Estate Marketplace Business”

“RENOSY ” is an online real estate service platform provided by GA technologies that incorporates AI and other cutting-edge technology into its service. It is a one-stop online platform that walks through the entire process of a real estate transaction with the users. Starting from information research to the aftercare after purchasing, RENOSY makes real estate investment easier for our customers. What is more, we have been putting more effort on the acceleration of the digital transformation of the selling step, which allows a total online transaction to be realized. 

RENOSY official website: https://www.renosy.com/

2. BtoB SaaS: “Online application reception” system + “Electronic contract” system

We provide BtoB SaaS to both management companies and real estate agencies in Japan developed by our in-house engineering team. Along with the revisions of the real estate laws in Japan which speeds up the digitalization of the real estate transaction process. Thanks to that, the in-house developed online application package provided by ITANDI has contracted successfully with about 500 companies in the industry in Japan in the past 7 months（By Janurary, 2023）. We are doing the best we could to contribute to the paper free movement in the real estate industry in Japan. 

Online application reception system: https://lp.itandibb.com/moushikomi-uketsuke/ 

Electronic contract system: https://lp.itandibb.com/denshi-keiyaku/

3. Rental management services that reduce the burden on tenants and owners by digitizing occupancy management 

RENOSY provides a range of services to both renters and property owners about real estate as a one-stop solution corporation. It is working on the digitization of all kinds of administration processes and procedures, starting from real estate contracts, procedures on both tenants’ and owners’ sides, procedures on both management companies’ and real estate agencies’ sides etc. .

Service website: https://www.renosy.com/asset/service/management

4. Shenjumiausuan: The biggest online platform with Japanese properties listings in the Chinese cultural regions（※3）

GA technologies group also owns an online platform targeting overseas investors mainly living in Mainland China, Hong Kong, and Taiwan who are interested in Japanese real estate. The website is the biggest Japanese properties listings website in Mainland China with approximately 4.5 million times of page views, approximately 1.1 million of unique users visits in 2022. It is a service that receives attention from Chinese investors that facilitates the borderless trades between Japan and other countries. It also facilitates the online transformation of real estate companies in Japan. 

Service website: https://www.shenjumiaosuan.com/ 

（※3）Researched by “Shenjumiausuan”

5. Modern Standard: Luxury real estate service 

 “Modern Standard ” is a service that targets the wealthy class in Japan and provides luxury real estate properties for both rental and selling purposes. It has about 12,500 listings on the website. It is a popular website among investors in Japan. Currently, Modern Standard is speeding its process of digital transformation focusing on the rental property sector. 

Service website: https://www.m-standard.co.jp/

Our progress on contributing to the goals of sustainability 

GA technologies is committed to the following 6 aspects extended from sustainability values: “Care for the environment”, “Contribute to the development of sustainable cities and communities”, “Create a save and trustworthy transaction environment”, “Create a motivated work environment”, “Giving back to the society through sports”, and “Strengthen governance , regulatory compliance”. We are announcing the progress we have made on paper free movement  by the digitalization strategies we have taken, along with the celebration of “Earth Day” on April 22 this year as usual. This is also a regular action we take to celebrate the holiday as a citizen on this plant. 

About how GA technologies sustainability goals commitment: https://www.ga-tech.co.jp/sustainability/

About GA technologies Co.,Ltd

Company name: GA technologies Co.,Ltd. 

Representative: Ryo Higuchi

Webite link: https://www.ga-tech.co.jp/

Headquarter: 40F of Sumitomo real estate Roppongi Grand Tower, Roppongi 3-2-1, Minato-Ku, Tokyo

Year of founding: March, 2013

Capital fund: 7,243,894,458 yen（By Janurary 2023）

Services provided: 

  • Internet real estate marketplace business: RENOSY
  • BtoB PropTech SaaS development
    Group partners: GA technologies group: ITANDI, RENOSY PLUS, Shenjumiausuan and 12 other group companies

Award History:

  • 2020 ~ 2022: Selected as one of the fast-growing enterprise in  “FT 1000: High-Growth Companies Asia-Pacific” award ; Launch by Financial Times and Statista
  • 2022: Ranked in as No. 23 in the “FT 1000: High-Growth Companies Asia-Pacific” award; Launch by Financial Times and Statista 
  • 2020 ~ 2022: Selected for 3 years consecutively for “Asia Digital Transformation” recognition; Launch by Japan’s Ministry of Economy, Trade and Industry and Tokyo Stock Exchange (Japan Exchange Group)
  • 2020~2022: “No.1 Sales performance in the national pre-owned real estate properties sector” researched conducted by Tokyo Shoko Research Ltd
  • 2020 ~ 2021: Selected as best workplaces (middle size corporations) in the Japanese version of “Great Place To Work” Certification; launch by Great Place To Work ® Institute Japan

Judy Yu
y_yu@ga-tech.co.jp
+81-3-6230-9180 

Source: GA technologies Co., Ltd.

PR Newswire

Notice Regarding The Launch of “MtechA”, an M&A intermediary Digital Transformation service

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TOKYO, March 2, 2023 /PRNewswire/ — GA technologies Co., Ltd. (Headquarters: Minato-Ku, Tokyo; CEO: Ryo Higuchi; Securities Code: 3491 the “Company”) hereby announces the launch of new business in our group, “MtechA”, an M&A intermediary digital transformation service. This service follows the Group’s online real estate marketplace “RENOSY” and real estate digital transformation business “ITANDI” and is the Group’s first venture outside the field of real estate. MtechA Inc. was already established on August 1, 2022, and today, March 1, 2023,  we are pleased to announce as a voluntary disclosure that we have decided to officially begin offering our services as follows.

1. Purpose and Background of Service Launch

Since our founding in 2013, we have promoted digital transformation in the real estate industry, which has been considered analog, based on our corporate philosophy of “Building a world leading company that inspires and impresses people with the power of technology and innovation.” We have strived to improve the quality of business operations in the real estate industry by accelerating the PDCA cycle and integrating technology with real estate transaction practices such as streamlining operations using technologies such as AI and RPA, shifting operations online, and improving the customer experience through the use of data. As a result, after10 years since our founding, consolidated group sales have exceeded 100 billion yen, and we have earned a reputation for promoting digital transformation in the analog industry, including being the only company in the growth market to be selected as a Digital Transformation Stock for three consecutive years (*1).

Meanwhile, approximately 2.45 million top management of small-and medium-sized businesses in Japan will be 70 years old or older by 2025, and of these, about 1.27 million face the problem of lack of successors (*2). In 2022, the number of business closures and dissolutions totaled 53,426, showing a downward trend for the third consecutive year following 2021. However, more than half of the companies were still profitable when they closed, and the loss of employment opportunities due to profitable business closures exceeded 80,000 people and the total lost sales amounted to 2.3677 trillion yen(*3). Since the lack of successors in these small and medium-sized businesses leads to a decline in Japan’s GDP and loss of high-quality technology and employment opportunities that there have been revisions to the system and the establishment of guidelines in recent years to make M&A an option for business succession. As a result of this trend, the number of domestic M&A transactions has been increasing, reaching a record high of 4,280 in 2021 (*4). The number of M&A intermediaries and platforms is also increasing, with the number of M&A support organizations totaling approximately 2,900 (*5) as of January 2023.

Given these circumstances, we have decided to enter the M&A intermediary business, an area in which we can horizontally expand the successful structure we have established in the real estate field, and where we can expect synergies.

2. Overview of Services

While the number of M&As has increased in recent years (*4) and is garnering attention as a means of solving social issues, many of their operations and processes are analog and dependent on individual skills. Based on our track record of promoting real estate digital transformation, we will bring technology into the field of M&A intermediary services to improve the overall quality of the M&A experience by increasing the transparency of transactions and making all parties involved more comfortable.

I.  Utilizing expertise accumulated in real estate digital transformation, including the use of AI, in the field of M&A

We will provide services that leverage our planning and development capabilities, which have enabled the completion of all procedures necessary to lease, buy, and sell real estate online, and the research and development systems of our in-house AI research organization, which has reduced real estate procurement work to a third of what it used to be.

II.  Customer-oriented services that combine technology and human skills

Members with proven track records in the industry have already joined MtechA, including consultants for major Japanese M&A intermediary firms and product managers for major Japanese M&A platforms. The combination of our development capabilities with personnel who are well versed in the M&A industry and practices, we provide the services and products that our clients, including business managers, truly seek.

III.  Integrated support for asset management after business transfer

MtechA can provide asset management support for business owners after the transfer of their business, using RENOSY. RENOSY offers an extensive lineup of pre-owned compact condominiums and one-unit apartments in central Tokyo, as well as overseas real estate, and more which allows us to provide comprehensive support for issues related to home purchasing, leasing and land use.

3. Overview of MtechA

(1) Company name

MtechA Inc.

(2) Name and title of representative

Dai Higuchi, Representative Director

(3) Head office

Sumitomo Fudosan Roppongi Grand Tower 39F, 3-2-1 Roppongi, Minato-ku, Tokyo

(4) Established

August 1, 2022

(5) Capital

50 million yen

(6) Business description

M&A intermediary business, research and development of M&A products

(*1) Selected as “Digital Transformation Stock (digital transformation Stock)” for the third consecutive year by the Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange.

https://ssl4.eir-parts.net/doc/3491/tdnet/2140180/00.pdf

(*2) Current Status and Issues of M&A in Small and Medium Enterprises and Small Businesses Operators, The Small and Medium Enterprise Agency

https://www.chusho.meti.go.jp/koukai/kenkyukai/hikitugigl/2019/191107hikitugigl03_1.pdf

(*3) National Survey of Business Suspension and Dissolution Trends (2022), Teikoku Databank, Ltd.

https://www.tdb.co.jp/report/watching/press/pdf/p230106.pdf

(*4) 2022 Small and Medium Enterprise White Paper and Small Enterprise White Paper, Small and Medium Enterprise Agency

https://www.chusho.meti.go.jp/pamflet/hakusyo/2022/PDF/chusho/00Hakusyo_zentai.pdf

(*5) Registration System for M&A Support Agencies, Current Registration Status (as of January 16, 2023), Small and Medium Enterprise Agency 

https://www.chusho.meti.go.jp/zaimu/shoukei/2023/230116m_and_a02.pdf

4. Future Outlook

This plan is expected to have only a limited impact on our consolidated performance for this fiscal year, but additional information will be disclosed as soon as such need arises.

GA technologies Co., Ltd
Representative: Ryo Higuchi
Website: https://www.ga-tech.co.jp/
Headquarters: 40F of Sumitomo real estate Roppongi Grand Tower, Roppongi 3-2-1, Minato-Ku, Tokyo
Year of founding: March 2013
Capital fund: 7,238,798,466 yen (by October 2022)
Services:

  • Internet real estate marketplace business: RENOSY
  • BtoB PropTech SaaS development

GA technologies group: ITANDI, RENOSY PLUS, Shenjumiausuan, and 12 other group companies 

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PR Newswire

Buildmedia merges with The Boundary to create global powerhouse

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LONDON, Jan. 19, 2023 /PRNewswire/ — Buildmedia, the Auckland-based creative studio widely considered to be the world leader in off-the-plan interactive real estate sales and marketing solutions, city-scale digital twins and interactive eCommerce VR experiences, has merged with London and New York based pioneering visualisation studio The Boundary.

175 Park Avenue - Render by The Boundary
175 Park Avenue – Render by The Boundary

Founded 20 years ago, Buildmedia are global leaders of interactive real-time solutions across multiple sectors using Epic Games Unreal Engine technology. They have produced numerous groundbreaking experiential solutions including their proprietary interactive display suite solution (Realspace https://buildmedia.com/realspace), and also developed particular expertise for high-fidelity virtual reality city and country-scale digital twins.

The Boundary’s reputation as an expert collective of creative technologists, designers, filmmakers and storytellers has been built working on marketing campaigns for prestigious developments such as the Waldorf Astoria (New York), 175 Park Avenue (New York) and The Whiteleys (London) via the creation of hyper-photorealistic CGI visualizations, animated films and virtual reality experiences.

This strategic merger brings together best-in-class photorealistic creative CGI and VR expertise from The Boundary (https://www.the-boundary.com) with the best-in-class technical capabilities and proprietary IP developed by Buildmedia (https://buildmedia.com/).

The combined business, which will move forward under The Boundary brand umbrella, is uniquely positioned to exceed the expectations of high-end real estate developers, destination marketers, and eCommerce focused brands looking to exploit emerging web3/metaverse opportunities via experiential interactive content and applications.

Epic Games have been long-standing admirers of the Buildmedia team, having contracted them as one of only two Unreal Authorized Service Partners in the Architectural, Engineering and Construction space. Epic often cites Buildmedia’s digital twin of Wellington City as setting the benchmark of what’s possible using their technology.

With financial backing from private equity firm Mobeus, and the injection of a raft of vastly experienced and impressive executive management team members from Buildmedia, the new look business will be investing in R&D across their VR/web3/metaverse services and applications.

The Boundary CEO Tom Wood says “This strategic merger marks the next phase for The Boundary following impressive growth across North America and the EMEA, as we now naturally expand across APAC. We are delighted to welcome the very talented Buildmedia team into the family”.

With over 100 in-house CGI artists and creative technologists operating at the very top end of the visualisation sector, The Boundary is now uniquely positioned to deliver photorealistic end-to-end client services across the emerging web3/metaverse in the Real Estate, Hospitality, eCommerce and digital twin sectors.

Crucially, the enlarged business also provides clients with the assurance of scale and financial stability which are prerequisites for large clients investing significant sums into multi-year metaverse and digital twin projects.

Buildmedia founder and CEO, Gareth Ross commented “We have created a market leading real-time solution over the past 20 years, and the idea of joining The Boundary to deliver our proposition globally was an opportunity we couldn’t resist”.

The transfer of employees and complementary knowledge and IP between New Zealand and The Boundary’s studios will strengthen the client proposition across both hemispheres, while providing all clients with the benefits of a company operating 24/7.

For press enquiries contact:

Chris Mitchell, cmitchell@the-boundary.com, + 44 (0)203 026 6270

Images for use in publication:

https://www.dropbox.com/sh/khko35i6etddsso/AABgVMK4NxpbjgPqRFcFrRt3a?dl=0

About The Boundary

The Boundary is a world leading creative agency which uses computer generated imagery (CGI) to create photorealistic marketing content for developers, destination marketers, and eCommerce brands.

www.the-boundary.com

About Buildmedia

Buildmedia is a creative visualization studio widely considered to be the world leader in city-scale digital twins and off-plan virtual reality interactive real estate sales and marketing solutions using EPIC Games Unreal Engine technology.

www.buildmedia.com

PR Newswire

Beijing E-Town pulls out all the stops to attract top businesses

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BEIJING, Oct. 22, 2022 /PRNewswire/ — A news report from chinadaily.com.cn

The Beijing Economic-Technological Development Area, also known as Beijing E-Town, has been ramping up efforts to foster strategically important industrial clusters that represent the latest in the science and technology world. The goal is to build itself into a hub of high-tech industries with international influence.

Beijing E-Town steps up efforts to turn itself into a smart city
Beijing E-Town steps up efforts to turn itself into a smart city

Beijing E-Town saw its gross industrial output value reach close to 600 billion yuan ($86 billion) in 2021, ranking first in the city.

High-tech industries, represented by new-generation information technology, high-end automobiles and intelligent manufacturing, contributed more than 90 percent of the gross industrial output value.

At the opening ceremony of the Beijing 2022 Winter Olympic Games, an 8K ultrahigh-definition ground display system, the largest of its kind in the world, demonstrated the abilities of Chinese technology to viewers across the globe.

“The core technologies of the world’s largest display are in our hands,” said a representative of BOE Technology Group, China’s leading liquid crystal display panel maker based in Beijing E-Town.

In 2021, BOE’s LCD shipments for five major application scenarios, which were smartphones, tablets, laptops, monitors and televisions, all ranked first in the world.

“In the last 10 years, Beijing E-Town focused on critical strategic needs, accelerated research into key technologies and achieved major breakthroughs in cutting-edge technologies and industries of strategic importance,” said a Beijing E-Town official.

Beijing E-Town had been a cradle of innovative products and technologies for the past 10 years. As of the end of 2021, high-tech companies in Beijing E-Town delivered 96.7 percent of the area’s total industrial output value.

In 2021, the number of national-level “little giants” based in Beijing E-Town ranked first among more than 200 national economic development zones in the country. To be called a “little giant”, a Chinese company must see a minimum 5 percent year-on-year average growth rate of its main business income or net profit in the past two years.

Beijing E-Town is turning into a magnet for high-end resources from across the globe, with local industries moving toward the higher end of the global value chain.

Four new production lines of German pharmaceutical company Bayer in Beijing E-Town are under construction. When put into operation, the fully automatic high-speed production lines, coupled with fully automatic logistics systems, are set to increase production capacity by 40 percent and help build a world-class manufacturing factory.

During the past decade, an increasing number of multinationals have chosen to set up their latest and most advanced production lines in Beijing E-Town. To date, Beijing E-Town was home to some 140 projects backed by more than 90 Fortune Global 500 companies.

Beijing E-Town is the first in the city to carry out the administrative reform that involves the entire administrative management chain ranging from approval to supervision and enforcement. The move has realized “one seal for examination and approval, and one team for law enforcement” and enabled further improvement in administration efficiency.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/beijing-e-town-pulls-out-all-the-stops-to-attract-top-businesses-301656507.html