Chinese unicorns are increasingly bringing innovation and power to the technology market in Latin America. Even in trade war with the US and having several of its giants under sanction from the Donald Trump government (such as Huawei), China dominates the podium in a ranking that list the 10 most valuable unicorns in the world.
China is home to the world’s three most valued unicorns: Ant Financial (Alibaba’s payroll manager), Bytedance (creator of the TikTok video app) and Didi Chuxing (chauffeur driven vehicle) – summed up to 280 billion dollars, according to a study by the Hurun Global Unicorn List 2019.
Beyond the top giants, Chinese startups are entering in Brazil, one of them is Abakus.
Abakus, formerly known as Wecash Group, is a technology company focused on Big Data, Artificial intelligence (AI) and Marching Learning that increases the efficiency of businesses and people. With 160 million users and 65,000 partners worldwide, it is present in industries ranging from computer chips to finance and cryptocurrencies, businesses split between Abakus Tech, Abakus Retail and Wecash Global.
Abakus had four rounds of investment, raising about $ 300 million. In the last round, in mid-2018, it became one of the Chinese unicorns worth about $ 1.5 billion. The company has been voted 4 consecutive Top 50 Chinese Brands by KMPG and Facebook (2014-2018).
The newest brand of the Abakus group that has arrived in Brazil is already known in cryptocurrency financial Market – the exchange NovaDAX.
A Brazilian exchange that operates globally and offers a variety of cryptocurrency trading services. This exchange is part of the Chinese holding company, whose Operations department, Customer Service, Sales and Marketing are local teams, but IT and Product stay in Beijing. This arrangement puts together the best of both countries – advanced technology and great customer service.
Today, NovaDAX has offices in several countries such as the United States, Switzerland, countries in Southeast Asia, besides the headquarters in Beijing, China.
NovaDAX works by combining the best of usability and user experience with products and backgrounds from international companies.
With the platform developed by own technology high-class team and 100% in-house, the exchange offers 15 crypto options, more than 50 pairs with BRL, USDT, BTC and ETH, an integrated BRL-Crypto and Crypto-Crypto offer book, Stop-Limit function, API with Python and Java SDK package, and full-featured API for individual and corporate clients.
In one year, NovaDAX is at TOP 5 exchanges in Brazil, with 100.000 users and more to come! Supported technically and financially by Abakus, the exchange aims to expand to Latin America countries in 2020 also bringing complement services to LATAM community, as payment services, digital account and more integration with other Abakus business lines.