Core Insights - Drip Irrigation Investment, a subsidiary of Drip Irrigation Group, has submitted its listing application to the Hong Kong Stock Exchange (HKEX) under Chapter 21, marking the first application of its kind in over a decade in the Hong Kong market [2] - The choice of Hong Kong as the listing location is attributed to personal ties, with potential future considerations for the US or UK markets [2] - The Chapter 21 mechanism allows for permanent capital financing and diversified investments, which has not been fully utilized in the past due to transparency and valuation challenges [2][3] Company Development Stages - The development of Drip Irrigation is categorized into five stages, with Stage 1 (1.0) focusing on validating the business model through investments in thousands of small stores [3] - Stage 2 (2.0) established a market system including clearing, trading, disclosure, and valuation methods [3] - Stage 3 (3.0) aims to create a "central kitchen" model, standardizing products for large institutional investors, which is the primary goal of the listing application [3] - Future stages include integrating asset packages on blockchain (4.0) and connecting with the digital currency world (5.0), both expected to commence next year [3] Investment Strategy and AI Utilization - Drip Irrigation's investment strategy differs from traditional credit models, focusing on risk capital and investment-return relationships with small store owners [4] - An AI factory has been developed to assist in investment decisions, analyzing factors such as location, foot traffic, and landlord relationships [4] - The long-term vision is to create a micro-economy ecosystem, positioning Drip Irrigation as an enabler for small businesses [4]