DMCC grants online payment license to Chinese newspaper Jolly Bay <Al Watan

Abu Dhabi – Al Watan
Jollychic Ecommerce, the world's leading online sales platform, completed the C + investment round with an investment of AED 238.5 million (US $ 65 million) as part of an agreement investment with the 42nd G42 group in Abu Dhabi, United Arab Emirates. Management of cloud computing infrastructure and solutions based on artificial intelligence as part of its plans for expansion in the region.
On the other hand, Jollychic China has officially received the electronic payment license of the Dubai Multi Commodities Center (DMCC), the Dubai government authority specializing in commodity and business trading for the new electronic payment platform Jolly Bay in the UAE for the first time. Middle East and North Africa.
Aaron Lee, CEO of JollyChic, said the company operates in the UAE and the Middle East, with the principle of international cooperation and a local partnership. Our partners in the UAE and the Arab countries, whether governmental or private, are our most important supporters and resources for the continued expansion and development of our unique business model in the world.
Mr Aaron welcomed the signing of the investment agreement, stressing that the coming period would see further development and development of the company's operations in the region by injecting more joint investments to improve the company's innovative business model, based on best practices and leading edge technologies globally.
Lee added that JollyCheck was working to transfer China's complete e-commerce and digital payments system to the Middle East, via the fastest-growing regional market in the United Arab Emirates.
The CEO pointed out that the company focused its activities in the Middle East through key offices in the United Arab Emirates, Saudi Arabia, Kuwait, Bahrain and Jordan, and used the platform to expand its business to to cope with the growing movement of e-commerce in the region, the most developed and developed market in the world.
Mr. Aaron Lee said, "Our knowledge and experience of the markets in the region have helped us to realize our strategic vision of creating an integrated electronic system to deliver all the services and products of life in a safe, fast and efficient way. better quality and at a better price for users in the region.
He added, "We have obtained this license from the United Arab Emirates, thanks to the ultramodern legal, logistical and technological environment they enjoy and as a platform for the operations of the enterprise in the region. , which is one of the fastest growing regions in the world for e-commerce and digital commerce. "