Serica Technology Group and Hakim Unique Group announce strategic joint venture

Hangzhou, March 2021 – Global technology and financial firm Serica and Hakim Unique Group, a pioneering Chinese conglomerate, proudly announce the establishment of Serica China. This groundbreaking joint venture is poised to redefine cross-border innovation and finance, providing unparalleled support to Chinese innovators expanding overseas and facilitating the success of Western enterprises in China.

A partnership of disruptors

Serica is a global technology and financial advisory firm that empowers innovators to leverage the size and agility of the Chinese market to solve the world’s most pressing challenges. Working to further sustainability, food security, healthcare access and poverty allevation they provide high-impact financial advisory (such as M&A and joint ventures) and market representation (such as business development and technology licensing) solutions to purpose-driven scaleups and MNCs seeking to expand into (or out of) the Chinese market.

Hakim Unique Group (汉鼎宇佑集团 ) is a Chinese conglomerate consisting of more than 160 subsidiaries with a total market cap of $32 billion. Their business and investment scope covers healthcare, greentech, fintech, NEV, IT, new media, and smart cities. Since 2016, Hakim Unique Group has been an active investor in China and US, with notable early investments in Aurora Data (NASDAQ: JG), Shouxiangu (603896SH), Tencent Music (NYSE: TME), Xunuo Pharmaceuticals (NASDAQ: XYNO), Weidai.com (NYSE: WEI) and nearly 20 other listed companies, as well as prominent unicorns such as Bee Assistant, JD Digits, Kunyuan Gene, Nuoerkang, and Good Doctor. Qicheng (Jack) Wang, Founder & Chair of Hakim Unique Group, is China’s first self-made billionaire millennial who, at the age of 30, founded and led Strait Innovation (300300SZ) to an IPO in Shenzhen.

Setting a new standard for cross-border innovation and finance

Serica China 赛瑞凯, formally known as 杭州赛瑞凯企业服务有限公司, will bring together Serica’s cross-border innovation, transaction, and partnership experience with Hakim Unique Group’s extensive domestic infraststructure and global investment platform. These combined capabilities and resources will significantly enhance the success rate, transaction value, speed, and efficiency of all inbound and outbound projects they embark on.

Serica China will be headquarted in Hangzhou, China and Duke Wang (Managing Partner at Serica) will drive forward this exciting new joint venture as its General Manager. Both Founder & Chairman Wang Qicheng and CEO Henry Huang will join Benjamin Speyer (CEO) and Sarunas Nastys (COO) on its board of directors to help spur its growth and realize its ambitious mission.

Qicheng Wang, after the signing ceremony stated:

“Our trusted relationship with Serica goes back many years and I’m delighted to join hands with them to jointly create an innovative platforms that can help Chinese enterprises ‘go global’ and overseas companies succeed here. As the global pandemic continues we must look forward to economic fallout, resist protectionist measures, and champion the ideals of open and fair international trade. I’ve every faith that Serica China 赛瑞凯 will be a leading example of this ideal and help to acclerate its ambitious mission”.

Benjamin Speyer, speaking at Hakim Unique Group’s global headquarters commented:

”I am very excited about this new partnership with Jack, Henry, and the rest of senior managment team at Hakim Unique Group. Over the next 20 years alone, cooperation with China will affect between $22 trillion and $37 trillion in economic value. The combination of our cross-border innovation and transaction expertise with their extensive domestic infrastructure and global investment platform will enable us to effectively integrate and scale our client’s solutions globally.”

This is major milestone for Serica will significantly bolster our growth, capabilities, and resources. We want to extend our heartfelt gratitude to our partners, clients, and stakeholders who have placed their trust in us. Together, we will continue to push the boundaries of innovation, driving positive change and prosperity worldwide.