Can you pls shed some light on this part of the article?
"Investors will be able to finance the invoices that Luxure raises to the blue-chip brands for the commission on its sales."
any comments on this?
If you don't mind some element of FUD, I would say such news is not significant for few reasons:
1. Luxure is a very new brand, just registered in 2016.
2. Where is the evidence of any 1 billion value?
Nevertheless, still a good start.
The team should not be carried away by such small achievement.
I don't want to speculate on China meeting, but good that the team continue to maintain its focus on China.
I strongly encourage the team to continue to find ways to work with the Chinese counterparts.
My question wasn't about the Luxure or how siginificant the achievement is...just wanted to understand how populous lending works with Luxure.