Centrality sign major deal with Chinese conglomerate
Following a successful token sale in January, raising USD80m in under six minutes, Auckland based venture studio, Centrality announces a new deal with Chinese powerhouse, Wanda.
The new strategic alliance will see Centrality and Wanda Internet Technology Group in Shanghai partner together to create an ecosystem that connects consumers, retailers, and other parties, servicing Wanda Group’s enterprise merchants and the general public.
At the heart of the alliance is PL^G, Centrality’s high performance, scalable, cross-chain platform and ecosystem. The alliance will also a focus on growing the decentralised applications on the ecosystem through identifying blockchain-focused businesses with global growth potential and adding them to an incubator and investment programme.
“Centrality have a team of high calibre developers who have done the heavy lifting in terms of the infrastructure” says Centrality CEO, Aaron McDonald. “Wanda were impressed with our extensive library of reusable components and the potential for Pl^g for mass adoption.
“Our businesses are completely aligned on the opportunities for blockchain and believe that working together we can push for the adoption of blockchain within the government, industrial and consumer sectors.”
Wanda Group was established in 1988 and has developed into a conglomerate of Commercial Properties, Culture, Internet and Finance. It ranked 380th on the Fortune Global 500 List in 2016. By June 30, 2017, its assets amounted to 882.64 billion yuan with revenue of 134.85 billion yuan. By 2020, Wanda Group aims to become a world class multinational corporation with assets of $200 billion, market capitalization of $200 billion, revenue of $100 billion and net profits of $10 billion.
Starting in July 2016, Centrality is a venture studio who’s partnering with leading innovators in key industries to create a marketplace of applications. These applications allow consumers to manage everyday tasks and experiences using peer-to-peer transactions — all via one login and using blockchain-enabled infrastructure.
Formed by a world-leading team of entrepreneurs, with significant experience in building and managing billion-dollar technology businesses. Centrality’s technical team come from leading tech companies, blockchain companies and universities such as Alibaba, Baidu, XERO, Google, IOTA, HYPERLEDGER and Consensys.