We are excited to announce a pivotal partnership between KOC Japan, a key subsidiary of KOC Holdings, and Scash Global Inc., a company with an impressive global reach of over two billion users. This groundbreaking alliance is our first venture with an international firm, signifying a strategic expansion of our global footprint in the digital services sector.
The cornerstone of this partnership is our C-Pon discount coupon service, a concept that has already seen resounding success in Hong Kong over the past three decades and recently made its foray into the Japanese market. The service operates on a unique model where users can earn C-Pon points equivalent to their spending, redeemable at a vast network of participating outlets. This innovative approach has not only reshaped the concept of consumer rewards but also strengthened the bond between businesses and customers.
With over 800,000 users and a network of more than 10,000 affiliated stores, C-Pon is set for a substantial service expansion. This collaboration with Scash Global Inc. is poised to take the service to new heights, tapping into burgeoning markets across Asia starting with Hong Kong, Malaysia, and Taiwan, and eventually extending our reach globally.
This partnership goes beyond business expansion; it represents our commitment to fostering economic growth, enhancing customer experiences, and creating value for all stakeholders. We are dedicated to nurturing this partnership and leveraging our collective expertise to innovate and lead in the digital economy.
We look forward to sharing more updates as we embark on this exciting journey, and we thank you for your continued support.