Archive for February, 2018

BVI-registered retail brand and Raiffeisenbank launched co-branded bank card

Wednesday, February 28th, 2018

Lenta Ltd., BVI-domiciled company operating one of the largest retail chains in Russia, announced the start of co-branded loyalty programme with AO Raiffeisenbank. Visa bank card launched by Lenta and Raiffeisenbank combines the existing loyalty programme benefits and the bank’s bonus point cashbacks. The card provides guaranteed 5% discount on all purchases, and allows the customer to earn bonus points.

The new co-branded cards will be issued by Lenta’s in-store information desks, without service fee throughout its effective period, as long as being issued in a Lenta store. By words of Lenta’s Chief Marketing Officer Bert Vukkink, the goal of the company is to “constantly improve customer experience, and launching this co-branding project with Raiffeisenbank is another important step in that direction.”

Origin Agritech and Elastos Foundation announced co-operation plan

Saturday, February 17th, 2018

Origin Agritech Limited, an agricultural biotechnology company headquartered in China and domiciled in the British Virgin Islands, and Elastos Foundation, which aims to create a new Internet system powered by blockchain technologies, announced their plan to develop a global strategic partnership. The purpose of the partnership is joint activities fostering smart economic solutions.

Origin Agritech has been developing a system for seed tracking and e-commerce solutions in order to provide the best seed technologies to Chinese farmers. Origin and Elastos had several years of trial experience when Elastos assisted the BVI company in developing its e-commerce platform, and now the companies believe that the formal co-operation in developing the platform based in Elastos’ Smart Web technologies would provide great service to global agribusiness transactions, data services, and rural e-commerce activities. The platform is expected to solve seed piracy problems and protect agricultural seed intellectual properties.

Both companies agreed that the founder of Elastos Mr. Rong Chen will join BVI company’s board, and Dr. Gengchen Han, chairman of Origin, will serve Elastos as an advisor. The companies also agreed on mutual investments.