WUHAN, China, Nov. 22, 2021 /PRNewswire/ -- On 15th Nov 2021, Ricky
Wei, CEO of Dunxin Financial (NYSE MKT: DXF, the
Company), gave a speech at the Company's management innovation
conference about the transformation of business to into Metaverse.
He explained the challenges and opportunities of the Metaverse
industry through four aspects, and also commented the "way of
survival" of Dunxin Financial in difficult times. The following is
the original text of the conference:
Dunxin Financial primarily engaged in the business of providing
loan facilities and investment. We continuously searched for and
explored the quality projects in the past two years. We analyzed
various projects in medical health, bio-pharmaceuticals, new
materials, modern manufacturing, new retail, and eventually we drew
out attention to projects in block chain industry.
After eighteen months in-depth research and analysis, we note
that block chain as underlying technology is widely applied in
various industries. These applications include: NFT (Non-Fungible
Token), Cryptocurrency, IR/VR hardware, and immerse-games. Together
with the rapid development of communication technology, the
complete coverage of 4G, the development of 5G, and the imminent
arrival of 6G, it leads to the birth of a new ecological model of
human communication, exchange, interaction, and even survival.
Personally, I believe that Metaverse is a concept based on the
"snow crash" --(a science fiction novel
written by Neal Stephenson), which
is just an adjective and cannot properly define the Metaverse. In
the future, by these advanced interactive technologies, a group of
people with similar common value and cultural consensus , will not
only have their respective roles in reality, but also realize the
second life in the virtual space. If we define Metaverse
scientifically and rationally, it should be another real living
space of human spiritual world.
The concept of Metaverse suddenly swept the globe recently and
led to debate in both academia and related industries, among which
some are fully committed and some are speculators. There is no
doubt that we are committed and fully prepared. As I just
mentioned, the exact definition of Metaverse is "a space of spiritual reality in another
world of a person". As a
human being in this space, all his needs will appear except for the
physical nature of life to maintaining. We have already found such
projects and are pushing forward in-depth, we will disclose more
details in future.
We have obvious advantages when we transform our business into
Metaverse industry. First of all, our team consists of
professionals with rich investment experience. We are capable of
grasping the trend and discover the logic of an industry timely.
Secondly, we are a NYSE listed company with standardized procedures
and operational practice. Although our traditional business
development has been hindered by the market, change and innovation
are our natural trends, and the NYSE capital market may provide us
with full support.
Nowadays is an era of rapid change and innovation, there are
already Internet tycoons entered into Metaverse industry, such as
Facebook, Microsoft, Tencent and
Alibaba. I personally believe that they have their own innate
advantages for sure, such as capital and branding. Meanwhile they
have a lot of disadvantages because of their size. In this
immeasurably huge market, lots of small and new companies may
emerge in segments of whole industry chain. Dunxin Financial
already found a foothold in the industry and is ready to take off.
We are confident that we can together work with these large
organizations in this industry and I have every reason to believe
that we are on the same starting line at this point.
Dunxin Financial is a micro-finance company with a government
license. We encountered difficulties in the past two years, but we
still have solid foundation and assets. Our asset quality is
sufficient to ensure that we can successfully complete our new
business transformation. In the past two years we focused our
operation in two aspects: tackle the issues we faced and the
conduct in-depth market research and seek innovative development.
We believe with our professional attitude of seeking truth and
pragmatism, we may well-position us in the block chain and
Metaverse industry.
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SOURCE Dunxin Financial Holding Limited
