SEPTEMBERASIA BUSINESS OUTLOOK9NEWSROOMCHINESE LAW FIRM ANLI PARTNERS OPENS DUBAI OFFICEObita, a cross-border payment and digital financial network company, has secured more than $10 million in angel funding, led by Vision Plus Capital and Mirana Ventures, and joined by Legend Capital, HashKey Capital, Web3.com Ventures and other top investors. The money will be used for system R&D, compliance infrastructure, and international market expansion, pushing forward Obita's stablecoin-based payment network."Cross-border payments are at a tipping point driven by stablecoin innovation. We want to harness the revolutionary potential of blockchain technology in real-world global capital flows via our enterprise-grade, compliant, and secure services", declared Dayong Zhang, Co-founder and CEO of Obita.Key Highlights:· Obita raises more than 10M in angel funding led by Vision Plus Capital and Mirana Ventures, with backing from Legend Capital, HashKey Capital, and others· Stablecoin-based Obita Mesh framework targets cross-border trade inefficiencies, focusing on Southeast Asia, Central Asia, Africa, and Latin America· Seasoned fintech leadership from HashKey, Ant Group, and AliExpress positions Obita at the forefront of the stablecoin-powered digital finance revolutionThe Obita Mesh framework of the company aims to eliminate chronic industry issues like high foreign exchange fees, settlement times, and low transparency, by integrating enterprise-level compliance systems, clearing networks, and treasury management platforms. Early market coverage ranges across Southeast Asia, Central Asia, Africa, and Latin America."Cross-border B2B payment is vital to international trade. Obita's stablecoin-based solution dramatically enhances cost effectiveness", said Vision Plus Capital Managing Partner Yiran Liu. Mirana Ventures Managing Partner David Toh added, "Incorporating compliant stablecoin settlement into international trade is driving sector-wide upgrades."Obita's leadership board taps into fintech and cryptocurrency giants. Zhang has held senior leadership positions at HashKey Group and Ant Group in the past, while Co-founder and CBO Vincent Yang has spearheaded cross-border payment projects at AliExpress and Ant Financial.Supported by strategic investors and experienced fintech veterans, Obita places itself at the vanguard of the stablecoin-driven digital finance revolution.Latching onto the tide of Chinese firms going global, Beijing-based firm Anli Partners has set up shop in Dubai through a tie-up with boutique firm Sulaiman Al-Naqbi.The development highlights the growing need for cross-border legal services as Chinese businesses invest more in the Middle East.The Dubai office, headed by managing partner Justin Li, a former regional legal counsel at Huawei Technologies in Middle East and North Africa, has 30 lawyers, counsel, and partners."We cover commercial law, corporate, construction, financing, and compliance. We have already started taking on clients in Dubai", Li said to China Business Law Journal.Key highlights:· Anli Partners enters Dubai market through a tie-up with boutique firm Sulaiman Al-Naqbi, strengthening cross-border legal services· Dubai office staffed with 30 lawyers and partners, led by Justin Li, offering expertise in corporate, commercial, compliance, construction, and financing law· Move aligns with Belt and Road investments, as nearly 15,500 Chinese firms operate in the UAE, driving demand for legal compliance and dispute resolutionThe collaboration agreement between both companies entails mutual office space, intended to improve service provision to Chinese and international clients. Anli Partners' Dubai branch will assist Chinese businesses in conforming to UAE regulations, compliance management, and dispute resolution.Upon China and the Middle East reinforcing their collaboration through the Belt and Road Initiative, Chinese-funded businesses are investing aggressively in nine key sectors such as infrastructure, energy, digital economy, and finance", Li stated. These investments drive a strong demand for legal services in compliance, contracts, and dispute resolution.The growth is in line with the UAE's growing position as a gateway for Chinese businesses. UAE Minister of Economy Abdulla bin Touq Al Marri unveiled earlier this year that almost 15,500 Chinese businesses have ventured into the UAE market. With this partnership, Anli Partners is well-positioned to be one of the lead legal advisors for the next frontier of cross-border expansion. OBITA RAISES $10M FOR STABLECOIN PAYMENT PUSH
< Page 8 | Page 10 >