YDreams Global Interactive Technologies Inc. is pleased to announce that it has signed a Letter of Intent (“LOI”) with ESI Technology Expansion Partners (“ESI”). The purpose of the LOI is to execute a viable and commercially attractive strategy to access the Chinese market through a fully funded joint venture, and to collaborate with China-EU Future City (“CEFC”).
Daniel Japiassu, CEO of YDreams Global stated, “We hope that the LOI represents the beginning of a long partnership. We are honored to be considered by such a prestigious institution as ESI. The CEFC is an incredible initiative, with several billions of Euros of investment to create one of the first, truly smart and sustainable cities in the planet. The YDreams team is ready and capable of developing experiences using multiple technologies, such as virtual reality/augmented reality. We see in projects like this the potential of exponential growth that we are looking for”.
The (CEFC) is a pilot project under the EU-China Partnership on urbanization, which was launched at the EU-China Summit on February 14th, 2012, in Beijing by Li Keqiang and Barroso. The partnership aims to promote exchanges and cooperation in a wide range of sustainable urban development.
The CEFC will be a demonstration project to showcase this newly established relationship to fully implement the sustainable strategies for China’s urbanization. The project will showcase the application of European and Chinese products and designs, in order to promote and encourage further advancements towards sustainable urbanization.
The CEFC demonstrates the sustainable and environmental-friendly perspective in three stages:
Read more about this amazing project at http://www.future-city.eu/
The Euro Sino Invest Company is an experienced Developer and Asset Manager with German roots, which primarily operates in China, and it has been established to promote investments and business growth between European and Chinese companies, as well as companies in the rest of Asia. It is currently developing a “Smart City” in China that will cover 6,000,000 square meters.
The shareholder of Euro Sino Invest is the German “Tucher Group” led by Florian Schmied.
Euro Sino Invest acts as the family’s China-focused real estate developer and investment manager.
Following the recent trip of YDreams Global team to Beijing, several negotiations have been initiated in both regions for business development joint ventures as well as projects in the expertise fields of the Company. In addition to the recent LOI signed with the ESI Group, the Company also approached CRTV International Media, in Beijing, and is discussing about projects for the Chinese giant.
“It has been very inspiring to present YDreams to companies in China and receive all the positive feedback and enthusiasm to collaborate. Those markets are strategic to the potential future growth of the Company, and we will be razor focused to make these new ventures a reality in 2017,” stated the CEO of YDreams Global, Daniel Japiassu.