OpenRice.com is a prominent food dining platform based in Hong Kong, boasting a network of over 4 million registered users and 12,000 restaurants. The company, established in 1999, has evolved into an all-encompassing O2O FoodTech services platform, offering a range of solutions including OpenRice Pay, table booking, vouchers, TakeAway, Restaurant Management System (RMS), Recruitment, POS, Remote Queuing, Scan to Order, Market Insights, and Memberships, amongst others. Notably, OpenRice's online payment system, OpenRice Pay, serves as a fundamental component of the dining eco-system, providing support for restaurant offers and payment subsidies across multiple solutions. The recent expansion of OpenRice Pay into offline settings has further enhanced the platform's capabilities, offering a seamless dining experience from online reservations to in-person payments, along with rewards and loyalty incentives. OpenRice's influence extends beyond Hong Kong, having made inroads into markets such as Macau, Taiwan, Japan, Thailand, Singapore, Malaysia, and China. With its widespread reach and innovative O2O dining solutions, OpenRice presents an intriguing investment opportunity within the FoodTech sector.
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