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July 20, 2019
Asia Science and Tech Tech Technology Top Stories

Stan Group announces joint ventures with Flow Entertainment, Liquefy

HONG KONG: Stan Group, the leading conglomerate dedicated to driving innovation and entrepreneurial development, announced today that GEAR Financial Group and Tang’s Living Group are collaborating with startups from The STILE Initiative, Asia’s first investment-backed residential incubation programme founded by Stan Group.

Stan Tang, Chairman of Stan Group and founder of The STILE Initiative, said, “The STILE Initiative is designed to support entrepreneurial development and innovation in the Asia Pacific, as well as foster engagement between corporations and entrepreneurs. We are pleased to see our high-performing incubatees have developed business solutions that address market needs.”

He said the collaboration would enable business units to better serve the new demands of customers using different innotech solutions.

Tang’s Living Group, the flagship hospitality arm of Stan Group, and Flow Entertainment Ltd, a day-use hotel reservation platform, have entered into a partnership to capture the booming short-haul hotel market and accelerate innovation in the hospitality industry. Under the agreement, Flow is to provide day-use hotel sales and platform solutions to all of the hotel brands under Tang’s Living’s umbrella.

Flow Sales Director Norton Wong said the collaboration with Stan Group demonstrates a new future in the hospitality industry and innovation of business practices to further enhance travel experiences for visitors.

GEAR Financial Group, Stan Group’s strategic partner providing financial investment and asset management service, and Liquefy, an end-to-end security token issuance platform with blockchain technology, signed an MoU to jointly explore the business opportunities of real estate tokenisation.

The project, titled “STAN by Hong Kong”, aims to build the digital real estate ecosystem 2.0 with the power of emerging blockchain technology.

“We see our partnership with Stan Group as an incredible opportunity to drive Hong Kong as a whole towards being a smart city with security token ownership and paperless ownership systems. Together, we can change the way many in Hong Kong look at real estate investment as out of reach,” Liquefy CEO Adrian Lai said.