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Valued at $100 Million, Russian Charity Auction Platform CPAI Reaches 1 Million Users

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4 years ago

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CPAI is the first Russian innovator business to be valued at $100 million this this year. CPAI has surpassed ThredUp in transaction volume and is expected to be the next unicorn of online resale platform.

CPAI, after seed round on May 19, 2019, has its trading volume almost doubled each year. CPAI operates a one-stop second-hand trading market featuring online resale, charity auction and vertical recycling. Its award-winning business model adopts an innovative way of auction — one auction and one re-auction a day. Different from the traditional second-hand trading platform, the same commodity can be traded several times on CPAI platform, and the price of each transaction will be maintained in a fixed range until the buyer takes delivery of the goods.

What is the status of CPAI after this fund raise, according to its financial disclosure and strategy?

The Number of Users Exceeds 1 Million

For e-commerce platforms, number of users is a very important indicator. Since its launch in 2019, CPAI has seen steady growing in user base, with 710 thousand users worldwide in March 2020 and more than 1 million CPAI users by the end of 2020.

Trading volumes continued to grow, however, with heavy volumes in the domestic Russian market and light volumes in the European and US markets. According to data released by CPAI, its trading volume is shown below. Please note that the six-month period means a full fiscal year calculated backwards.

June 2019:3.1 billion rubles

June 2020:7.2 billion rubles

January 2021 to March 2021 (3 quarters in total) : 12.4 billion rubles

Based on this trend, it is expected that in June 2021, trading volume will exceed 2 billion rubles (about $240 million).

In 2020, after the outbreak of COVID-19, the online sales of some categories, especially groceries, increased significantly. Take, for example, Wildberries.Ru, one of the largest online platforms in Russia. Order number on Wildberries has almost doubled during the pandemic, which means every one in three Russian consumers has purchased from Wildberries. CPAI platform hosts at least 6,000 auctions a week; orders for second-hand items in circulation reach 1 million a year, combined with such growth rate, CPAI has a comfortable position in the market and shows promising growth.

Focus on “Talent” and “Marketing”

On the other hand, the number worth paying attention to is the operating loss of CPAI. Up to Q3 of this year, the operating loss was about 200 million rubles, of which the personnel cost was 360 million rubles (210% compared with cost in the same period last year) and the advertising cost was 1.28 billion rubles (154% compared with cost in the same period last year).

The Cambridge graduated Entrepreneur, Ivan Morozov, CEO of CPAI has stated that CPAI will not focus on short-term gains, but on medium – to long-term development, so big investments now are necessary for future growth. Even if the company went public, short-term profit improvements would not be on his mind.

This is in line with the fact that many big tech companies, like Twitter and Netflix, have been losing money for years in order to grow in the long run. So, to maximize long-term profit, investment in growth is the key.

Reflection: The Inspiration and Opportunity CPAI has brought

Recently CPAI has been recruiting engineers aggressively. This year, CPAI has started recruits outside Russia. It’s a great opportunity for whomever with relevant skills, as reportedly the annual salary offered by CPAI can reach 10 million rubles. 

On the other hand, why can CPAI attract so much traffic in the short term? We are very familiar with offline auctions in Southeast Asia, but in the post epidemic era, everything is going digital, and the business innovation of CPAI is in line with this trend. 2020 has accelerated the growth of user base, and this momentum ushers in the second wave of growth in the post epidemic era.

We are familiar with traditional auctions, but CPAI is truely unique here. Many entrepreneurs have good ideas of business, but having idea, technology and capital at the same time is a rare combination. Now with the raised fund and user base, CPAI will only embrace a faster development now, providing customers a safe space for their usual activities.

CPAI is actually not the first Russian business to do second-hand goods trading. FRIL offers this service a year before. However, CPAI quickly gained an upper hand with aggressive channel marketing, creating an image of the go to place for charity auction, thus attracting large number of users.

Future challenges for CPAI

Some media regards Rakuten as a strong competitor of CPAI, as Rakuten merged its two flea market apps (Rakuma & Fril) into a single App called Rakuma. Rakuten has always used low prices (Rakuma charges only 3.5 percent), existing members (about 95 million) and points to connect other Rakuten services, using all strategies to gain market share.

However, Rakuten’s victory in the price war usually occurs when its rival’s IT capability is weaker. This allows Rakuten to reduce manpower and streamline workflow to drive down cost. But CPAI’s IT capability is as good as, if not better than, Rakuten’s.

On the other hand, giving points back to members as Rakuten does is just an alternated form of price competition. Price wars will not bring benefit for the market in the long run, but only to squeeze profit margin and kill innovation.

The biggest challenge for CPAI is still from overseas. Will the investment be rewarded? Can trade volume in the US, European, and Southeast Asian market grow substantially? That’s what CPAI is going to focus on next.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

XRP News Today: Find Mining Launches the World’s First Zero-Entry XRP Cloud Mining App, Helping You Convert XRP into Stable Passive Income

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7 hours ago

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August 2, 2025

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Hamptons, New York, 2nd Aug 2025, ZEX PR WIRE,  Find Mining, a leading global digital currency service provider, today announced the official launch of its new XRP Cloud Mining app. This innovative application is designed to provide global investors with a more convenient, secure, and environmentally friendly way to easily hold and grow digital assets, generating stable daily passive income.

Breaking the barriers of traditional mining

In the past, cryptocurrency mining often required expensive hardware and complex technical support, which discouraged many potential investors. Find Mining has completely eliminated these obstacles through its unique cloud computing mining model:

  • Zero hardware investment: No need to purchase mining machines or graphics cards; participate directly from your phone.
  • One-click operation: Fully automated mining, no technical background required.
  • Environmentally friendly: Leveraging the world’s top renewable energy data centers, effectively reducing energy consumption and carbon emissions.

 Start XRP Cloud Mining in Five Easy Steps

Find Mining’s XRP Cloud Mining app is simple and intuitive, allowing users to get started in just five steps: 

  1. Register and claim your bonus: Register with your email address and receive a $15 bonus.
  2. Choose a mining contract: Flexible options allow for short-term trials and long-term, stable returns.
  3. Deposit Account: Compatible with major cryptocurrencies such as BTC, ETH, XRP, USDT, LTC, DOGE, BCH, and SOL.
  4. Automatic Mining: Automated mining begins immediately after the contract becomes effective, with profits settled daily.
  5. Withdrawal or Reinvestment: Withdraw to your personal wallet upon depositing $100 or more, or reinvest to achieve compound interest growth.

 Dual protection of security and compliance

Find Mining always puts user asset security first: 

  • McAfee®-class network security system and Cloudflare® protection mechanisms effectively defend against DDoS and hacker attacks.
  • Passed multiple internationally recognized third-party security audits, ensuring transparent and traceable funds and guaranteed compliance.

 Global Service, 24/7 Support

Find Mining’s business covers 135 countries and regions, and is equipped with a 24/7 multilingual customer service team, allowing global users to seamlessly integrate into the digital economy ecosystem.

Stable income, risk hedging

All mining contracts are denominated in US dollars. Find Mining automatically converts cryptocurrency into US dollars at the real-time exchange rate when users deposit, effectively locking in investment value and protecting against market fluctuations. Upon withdrawal, funds are converted back into the user’s preferred cryptocurrency, ensuring both flexibility and security. 

Looking to the future

Industry insiders believe that Find Mining’s XRP Cloud Mining app will not only boost the XRP ecosystem but also open up new avenues for investors to increase their wealth. Whether you’re a digital currency novice or a long-term investor seeking stable returns, this platform offers opportunities for both newcomers and long-term investors.

Visit https://findmining.com to start your XRP cloud mining journey now!

Download the official app with one click or search “findmining” on Google Play to download the official app

Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

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Press Release

Aere Network’s GRN Gains Global Support for Blockchain-Driven Sustainability and Empowerment by 2030

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11 hours ago

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August 2, 2025

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New York, NY – July 31, 2025 – Following its groundbreaking announcement on July 28, Aere Network, the high-performance Layer 1 blockchain platform boasting speeds surpassing 273,000 transactions per second (TPS), reports that its Global Resilience Network (GRN) is already generating significant buzz across the globe. Environmental activists and sustainability leaders are rallying behind this initiative, praising its potential to address pressing planetary issues through eco-friendly decentralized innovation.

Since the unveiling just days ago, GRN has sparked widespread discussions in international forums, social media channels, and eco-tech communities, highlighting its role in combating climate degradation and fostering human advancement. Activists from organizations focused on ocean conservation, renewable energy, and global equity have voiced strong approval, citing GRN’s carbon-negative framework as a game-changer for real-world impact.

At the heart of GRN is Aere Network’s advanced blockchain ecosystem, which integrates scalable solutions to tackle pollution, resource scarcity, and inequality. By enabling efficient, secure applications, GRN empowers users to engage in initiatives like sustainable resource tracking and community-led resilience projects.

Core features of the Global Resilience Network encompass:

High-Speed Transactions: Delivering over 273K TPS to support expansive sustainability efforts without delays.

Eco-Conscious Design: Carbon-negative operations funded by green tech investments and habitat restoration programs.

Inclusive Tools: Platforms for global participation in environmental actions, including tokenized incentives for conservation and empowerment.

2030 Vision: A strategic timeline targeting full integration by 2026, in sync with worldwide goals such as the UN Sustainable Development Goals.

“We are humbled by the rapid global resonance of GRN,” stated Liviu Hrenaru, CEO of Aere Network. “The endorsement from activists underscores our commitment to leveraging blockchain for a healthier planet and empowered societies. This is just the beginning of a movement that’s capturing hearts and minds worldwide.”

Aere Network encourages partners, investors, and advocates to get involved. The project’s Initial Exchange Offering (IEO) is currently active on P2B, offering a prime entry point into this transformative endeavor.

Visit aere.network for details or connect with us on X at @Aerenetwork.

About Aere Network

Aere Network leads in sustainable blockchain development, emphasizing speed, security, and environmental responsibility to create lasting positive change for Earth and its people.

Media Contact:

Aere.network

Email: office@aere.com

Media Contact

Company Name: Aere Network

Contact Person: Liviu Hrenaru

Email: office@aere.com

Country: United States

Website: https://aere.network/

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Press Release

Hong Kong Debt Restructure Office Introduces Comprehensive Financial Relief Services Led by Banking Veterans

Published

12 hours ago

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August 2, 2025

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Expert team of former senior bankers offers specialized debt restructuring solutions to address Hong Kong’s evolving financial landscape

HONG KONG– Hong Kong Debt Restructure Office (HKDEBTRO), a newly established financial services firm, today announced the launch of its comprehensive debt restructuring services designed to provide relief to individuals and businesses facing financial challenges. The firm, founded by several former senior bankers with over ten years of combined experience and supported by a professional legal team, aims to leverage deep industry knowledge to help clients navigate complex debt situations.

The launch comes at a critical time for Hong Kong’s financial sector, as the region continues to experience evolving monetary policies and market uncertainties. According to recent financial reports, Hong Kong’s financial markets have maintained stability despite global economic pressures, creating opportunities for specialized financial services.

“Our team’s extensive background in banking and finance, combined with our legal expertise, positions us uniquely to understand the intricate details of bank terms and financial institution requirements,” said a spokesperson for Hong Kong Debt Restructure Office. “We are committed to helping our clients reduce interest burdens and alleviate repayment pressures through strategic debt restructuring solutions.”

Comprehensive Service Offering

Hong Kong Debt Restructure Office specializes in providing tailored debt restructuring solutions that address the specific needs of each client. The firm’s services include detailed analysis of existing debt obligations, negotiation with financial institutions, and implementation of restructuring plans designed to minimize financial strain while maintaining compliance with legal requirements.

The company’s approach leverages the founders’ insider knowledge of banking operations and lending practices, enabling them to craft solutions that are both practical and sustainable. This expertise is particularly valuable in Hong Kong’s complex financial environment, where understanding regulatory frameworks and institutional procedures is crucial for successful debt restructuring.

Market Context and Industry Expertise

The debt restructuring market has gained significant attention in recent years, with private credit markets experiencing substantial growth globally. Industry reports indicate that the private credit market exceeded US$1.5 trillion in early 2024 and is projected to reach US$2.8 trillion by 2028, highlighting the increasing demand for specialized financial services.

debt restructuring hong kong Office’s team brings valuable experience from their previous roles in senior banking positions, providing clients with insights into how financial institutions evaluate and process restructuring requests. This knowledge enables the firm to develop strategies that align with institutional requirements while maximizing benefits for clients.

Professional Standards and Client Focus

The firm operates under strict professional standards, ensuring that all debt restructuring procedures comply with Hong Kong’s legal requirements and industry best practices. The combination of banking expertise and legal knowledge allows Hong Kong Debt Restructure Office to provide comprehensive solutions that address both financial and legal aspects of debt restructuring.

“Our goal is to provide clients with clear pathways to financial stability,” explained the company representative. “By understanding both the banking perspective and legal requirements, we can create restructuring plans that are acceptable to all parties while providing meaningful relief to our clients.”

About Hong Kong Debt Restructure Office

Hong Kong Debt Restructure Office is located at 2214, 22/F, Mira Place Tower A, 132 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong. The firm was established by former senior banking professionals with extensive experience in financial services and debt management, supported by a dedicated legal team specializing in debt restructuring procedures.

For more information about Hong Kong Debt Restructure Office and its services, visit https://hkdebtro.com/, call 3480 0223, or email hkdebtro@gmail.com. Follow the company on Facebook at https://www.facebook.com/hkdebtro/ for updates and financial insights.

Contact Information:

Hong Kong Debt Restructure Office

Phone: 3480 0223

Email: hkdebtro@gmail.com

Website: https://hkdebtro.com/

Address: 2214, 22/F, Mira Place Tower A, 132 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong

Media Contact

Organization: Hong Kong Debt Restructure Office

Contact Person: Media Relation Management

Website: https://hkdebtro.com/

Email: Send Email

Contact Number: +85234800223

Address:2214, 22/F, Mira Place Tower A, 132 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong

Country:Hong Kong S.A.R.

Release id:31822

View source version on King Newswire:
Hong Kong Debt Restructure Office Introduces Comprehensive Financial Relief Services Led by Banking Veterans

This content is provided by a third-party source. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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