Four Seasons Holdings has acquired a 49% stake in Hong Kong-based GBS Services Company to expand its operations into the Web3.0 sector.
Target Information
Four Seasons Holdings, known for its mail-order cosmetic business, is taking strategic steps to enter the Web3.0 sector. The company has announced the acquisition of a 49% stake in GBS Services Company Limited, a research firm based in Hong Kong that specializes in market information and analytics related to Web3.0.
This acquisition is a significant move for Four Seasons Holdings as it seeks to leverage GBS's expertise for its new ventures in cryptocurrencies and digital assets. GBS Services, which has not engaged in substantial business activities to date, is set to initiate operations starting November 2025, bolstered by Four Seasons' investment.
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The Web3.0 industry in Hong Kong is rapidly developing as more businesses explore the potential of decentralized technologies and blockchain. Hong Kong has eme
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Disclosed details
Transaction Size: $2M