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Dubai – Mubasher: Jollychic E-Commerce, the global online shopping platform, has completed the investment round c + With an investment of 238.5 million AED ($ 65 million)).
According to a statement from the Dubai Commodities Center, released Tuesday, it is the result of an investment agreement with the group "42 cloud computing"G42 In Abu Dhabi, United Arab Emirates, specialized in managing cloud infrastructure and AI-based solutions, as part of its regional expansion plans.
For its part, the Chinese company Jollychic has officially obtained Dubai Multi Center's authorization to carry out the electronic payment business. (DMCC) The Dubai Government Authority, specializing in the trade of goods and projects for the new electronic payment platform "Jolly Bay "in the UAE, for the first time in the Middle East and North Africa.
The CEO of JollyChic said the company operates in the UAE and the Middle East, based on the principle of international cooperation and local partnership..
Arun Lee said the company focuses on the Middle East region with key offices in the UAE, Saudi Arabia, Kuwait, Bahrain and Jordan..
Lee said his company is using platforms to expand its business to cope with the growth of e-commerce in the region, which is the most developed and developed market in the world..
The Jolly Check platform is the starting point for more than 5,000 high-quality Chinese brands, as well as more than 2,000 international and regional Middle East brands specializing in e-commerce and artificial intelligence..
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