Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 236

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 236
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 insurance solutions
to the Potential Partner’s over 20 million nation-wide customers. The Potential Partner serves both individual affluent
and high-net-worth customers as well as institutions. Our management believes a strategic partnership with the Potential Partner
has the potential to increase our AUM and competitiveness by expanding the types of local and overseas investment vehicles available to
it and to further penetrate its existing customer database.

Service Centre for Customer and Partner Servicing

Leveraging our existing China local insurance
brokerage licenses, sales teams and infrastructure, we intend to build a business platform to acquire mainland China customers through
referrals and to establish new partnerships.

We intend to transform our existing shared service center to (i) provide
post-sales services to mainland China customers who have purchased Hong Kong insurance products; and (ii) institutionalize
our capabilities to form B2B partnerships in mainland China. We intend to build a lead management tool to recommend new and personalized
insurance products to customers, which we intend to be a key priority for 2024 and beyond.

Creating an Ecosystem Empowered by Fintech

Hong Kong’s Fintech Landscape

In July 2018, the HKMA introduced the “Open
API Framework” to facilitate the development and wider adoption of application programming interfaces or APIs by the banking sector.
The Open API Framework functions include product information, customer acquisition, account information and transactions. The HKMA also
launched the Faster Payment System in September 2018 to facilitate real-time payments and fund transfers between banks and stored
value facility operators with the use of a recipient’s mobile number or email address as an account proxy. We believe that, with
the on-going business integration with the GBA, Hong Kong is likely to see further liberalization in the financial services
sector in the coming years, especially in relation to the use of financial technologies.

According to a survey conducted by McKinsey &
Company titled “McKinsey & Company M&S COVID-19 China Consumer Pulse Survey 3/25-3/30/2020”, there
has been a rapid increase in customers’ online engagement and penetration, which is likely to remain even after the COVID-19 pandemic.
The pandemic (i) accelerated customer shift to online channels, (ii) enhanced business partnerships across online and offline
channels, and (iii) illustrated the importance of establishing an “omni-channel” strategy. We believe that more people
now look for digital ways to continue their normal lives, including through digital wealth management.

The Synergy to