Founder – My Golf & KLICKL

Evolve: You have a very striking outlook when we look at your journey. We are witnessing an interesting study of a professional who has a diversified portfolio consisting of banking and investment spans, trading director thus resulting in creating his own ventures made a switch towards the professional evolution. Please our readers with your take over this journey?  

Mr. Michael Zhao: Also be curious about new things and figure how to capture an unmet need on the market and provide a solution with value creation. Having an entrepreneurial spirits and be patient in seeing the final results.

Evolve: The UAE has a well-regarded ‘ease of doing business’ ranking, continuing business legislation improvements and a maturing market. How successfully MyGolf made an appearance in fast paced business industry?

Mr. Michael Zhao: The United Arab Emirates (UAE) has consistently been at the forefront of innovation and enterprise, and its reputation for fostering a business-friendly environment is globally acknowledged. Within this dynamic ecosystem, MyGolf, the largest indoor golf club in the region, has emerged as an emblematic success story. It resonates with the nation's vision for diversified recreational offerings and highlights the UAE's commitment to enhancing the quality of life for its residents.

One of the aspects that has made MyGolf's ascent so noteworthy is its inclusive appeal. While seasoned golfers find in MyGolf an unparalleled space for honing their skills, even those unfamiliar with the sport are drawn to the establishment. The club’s multifaceted approach, blending a high-caliber training academy with a slew of world-class amenities, has catapulted it to the pinnacle of recreational centers in the region.

However, it's not just the allure of the sport or the state-of-the-art facilities that's captivating a diverse audience. MyGolf's brilliance also lies in its reinvention as a thriving social hub. In a rapidly urbanizing cityscape, the need for genuine social connections and shared experiences is ever-increasing. MyGolf addresses this need splendidly, providing a platform for individuals to connect, engage, and build a community of like-minded enthusiasts. The club seamlessly marries sporting excellence with an effervescent social ambiance, making it a preferred hangout spot for many.

The government's support for MyGolf underscores its broader vision for the UAE – a nation that is more than a global business hub; it's a veritable "happyland", committed to the holistic well-being of its people. The endorsement of such ventures is indicative of the administration's forward-looking approach, emphasizing not just economic prosperity but a harmonious blend of leisure, community, and well-being.

In conclusion, MyGolf's burgeoning popularity and its alignment with the UAE's progressive vision exemplify how businesses can thrive in this country. It's not just about commercial success; it's about resonating with the cultural and social ethos of the place, adding value to the community, and enhancing the quality of life for everyone. In the UAE's evolving narrative, MyGolf shines brightly as a beacon of innovation, community spirit, and excellence.

Evolve: With detailed anticipation we came to know, Klickl is MENA’s no.1 regulated custody and payment platform. How do you gaze upon this acquaintance?

Rapid Technological Advancements in MENA: 

MENA, traditionally viewed as a hydrocarbon-dependent region, has been making fast-paced strides in the digital and fintech sector. The rise of Klickl is a testament to the region's appetite for innovative  technology solutions and its ambition to position itself at the forefront of the global digital transformation.

Regulatory Embrace:

The "regulated" aspect of Klickl's description is crucial. The fintech sector's growth is often intertwined with a regulatory environment that's conducive to innovation while ensuring consumer protection. The success of Klickl indicates that regulators in the MENA region are fostering a collaborative environment for fintech platforms, enabling them to flourish while maintaining stringent standards.

Financial Inclusion:

A significant portion of the MENA population remains unbanked or underbanked. Platforms like Klickl, which streamline custody and payment processes, can play a pivotal role in bridging this gap, ensuring a wider segment of the population has access to secure financial services.

Geopolitical Implications:

MENA's strategic geopolitical position, connecting the East with the West, further amplifies the importance of such platforms. A robust, regulated payment platform can bolster trade, e-commerce, and other cross-border transactions, solidifying the region's position as a global commerce hub.

Rise of Digital Assets:

The term "custody" often relates to safeguarding digital assets, such as cryptocurrencies. If Klickl is involved in this space, it suggests a growing acceptance and institutionalization of digital assets in the region, aligning with global trends.

Consumer Expectations:

The modern consumer, equipped with a smartphone, expects seamless, secure, and instantaneous financial transactions. Klickl's success would hint at its ability to cater to these elevated expectations, setting new standards for customer experience

Evolve: In your view, what factors are shelling out the ultimate to allocate the best of best services for market stability and boosting investor’s confidence?

Mr. Michael Zhao: Proactive thinking and making the right adjustment from market feedback and executing the vision nonstop.

Evolve: You have co-founded the world’s first regulated virtual asset-focused SPAC, Crypto 1 with a raise of $230 million. How do you gauge upon this progression?

Mr. Michael Zhao:  

Validation of Virtual Assets:

Raising $230 million for a SPAC underscores the increasing legitimacy and institutional interest in virtual assets. Gone are the days when cryptocurrencies and related assets were fringe elements; they're rapidly becoming central to modern financial discourse.

Regulatory Embrace:

The "regulated" component of Crypto 1 is of paramount importance. It signifies that regulatory bodies are not merely observing from the sidelines but actively participating in shaping the future of virtual assets. This regulatory involvement is crucial for mainstream adoption, ensuring protection for investors and integrity within the ecosystem.

SPACs as Modern Financial Instruments:

The choice of a SPAC (Special Purpose Acquisition Company) showcases the adaptability of modern financial mechanisms. SPACs offer a more streamlined route to public markets, and applying this model to the virtual asset space is indicative of innovation at the crossroads of finance and technology.

Broadening Investment Horizons:

By channeling the capital raised towards virtual asset ventures, we're offering investors an avenue to diversify their portfolios, potentially tapping into high-growth areas that traditional equity markets might not cater to.

Potential for Exponential Growth:

The virtual asset space, though volatile, has shown moments of exponential growth. Crypto 1's formation and its significant capital raise is a bet on this continued growth trajectory. By merging with promising companies in the sector, there's an opportunity to amplify returns and drive innovation.

Responsibility & Vision:

Being at the helm of such an initiative comes with immense responsibility. The vision is not merely to generate returns but to foster a sustainable virtual asset ecosystem that can revolutionize traditional financial systems and offer unparalleled financial inclusivity.

Evolve: Crypto 1 Acquisition Corp is formed to effecting a merger, share exchange, asset acquisition, share purchase, or engaging in any other similar business combination. As it is taking the lead by offering incorporated solutions which are more feasible for the companies that are actually seeking liquidity in the digital assets space. Please enlighten our readers with this futuristic approach and other attributes it is following.  

Mr. Michael Zhao: C1 fund is mainly an secondaries fund which seeks great equity investment opportunities within global regulated digital asset space led by liquidity events. 

Evolve: Unwinding into the world of comfort with indoor golf experience, karaoke lounge and superbly amazing dining areas and VR adventures under the label of ‘MyGolf’. How do you come up with this idea specifically in UAE and what technology or simulators do you use to simulate outdoor golf conditions?

Mr. Michael Zhao:
Genesis of 'MyGolf' in the UAE: Merging Traditions with Modernity: The UAE has a rich tapestry of traditions. Yet, it's also a hub for innovation and luxury. Integrating the age-old sport of golf with futuristic entertainment like VR and karaoke is symbolic of this blend, appealing to both residents and the international audience.

Space Efficiency: In urbanized areas like Dubai or Abu Dhabi, expansive golf courses might be a luxury. An indoor golfing experience provides an avenue for enthusiasts to practice and play without the need for vast outdoor spaces.

Diverse Audience:

The UAE is home to a myriad of nationalities and age groups. While golf might cater to a specific demographic, adding karaoke, VR, and fine dining broadens the appeal, ensuring that 'MyGolf' becomes a go-to spot for families, corporate events, and casual outings.

Climate Consideration:

The UAE's desert climate can be harsh, especially during peak summers. An indoor golfing arena ensures enthusiasts can enjoy the sport year-round, irrespective of the weather outside.

Technological Choices:

For simulating outdoor golf conditions, 'MyGolf' leverages the state-of-the-art Golfzon simulators. Here's why:

Realism:

Golfzon simulators are renowned for their unparalleled realism. They reproduce diverse terrains, weather conditions, and even simulate ball behavior on fairways, roughs, and greens meticulously.

Versatility:

With access to numerous real-world golf courses digitally mapped into the system, users can virtually transport themselves to iconic golf locations around the world, all from the comfort of 'MyGolf'.

Swing Analysis:

For those keen on improving their game, Golfzon's detailed swing analysis provides invaluable insights, making it not just an entertainment tool but also a serious training apparatus.

Interactive Features:

The integration of VR adventures and the simulator's own interactive features makes the experience immersive. Users aren't just playing golf; they're living an adventure.

Community Engagement:

Golfzon's online features enable players to compete with other users worldwide, turning an indoor game into a global competition.

In conclusion, 'MyGolf' isn't just another entertainment venture; it's a thoughtfully curated experience designed for the diverse and dynamic populace of the UAE. Leveraging leading technology like Golfzon ensures that while users might be indoors, the experience remains as authentic and exhilarating as the real outdoors.

Evolve: MyGolf is dealing with advanced methods of golf; with the continuous growth and development where do you see this p atform in subsequent years? Are you planning to introduce something in Pakistan that will strengthen bilateral relations? 

Mr. Michael Zhao: Mygolf as a concept operates in a borderless fashion and it should go beyond golf as a sport itself. We are always actively looking for partners regionally or globally.

Evolve: In your view, what are the steps you’ve taken to make your indoor golf club environment friendly and sustainable?

Mr. Michael Zhao: At 'MyGolf', sustainability is integral to our operations. We prioritize energy efficiency using LED lights and smart climate systems, conserve water through efficient plumbing and recycling, and emphasize waste reduction with recycling and composting initiatives. Our interiors are crafted from eco-friendly materials, many locally sourced, and we harness green technology, integrating solar panels and digital solutions to minimize waste. Partnering with environmentally-conscious vendors and continually educating both staff and patrons on green practices, we strive to make our indoor golf experience both premium and planet-friendly.

Evolve: You have been in charge towards discrete segments at such an early age. What is your perspective over these divergent opportunities you find in corporate sector and are there any pointers that will help youth in perusing their career? 

Mr. Michael Zhao: Navigating multiple corporate sectors at a young age has underscored the importance of adaptability, continuous learning, and networking. Embracing challenges with resilience and valuing both hard and soft skills have been paramount. To aspiring young professionals, I recommend staying curious, seeking mentorship, viewing failures as learning opportunities, and recognizing that the corporate journey, while demanding, is rich with opportunities for growth and discovery.

Evolve: In your view, what areas of development to explore to open new trade and business avenues considering your intervention in MENA region? What role this penetration can play in the economic development around the sphere?

Mr. Michael Zhao: In the MENA region, untapped opportunities lie in sectors like renewable energy, digital transformation, agri-tech, and sustainable tourism. Capitalizing on these sectors can stimulate economic growth, create jobs, and foster innovation. By facilitating trade and business in these areas, we can not only boost the regional economy but also establish the MENA region as a global leader in sustainable and tech-driven industries, reinforcing its position in the global economic framework.

Evolve: In your view, what areas of strategic development your group is focusing on for strengthening bilateral relations with the countries and what is your prospective about investment opportunities for the investors in UAE?

Mr. Michael Zhao: Our group is emphasizing technology-driven industries, infrastructure, and cultural tourism to fortify bilateral relations with countries. We believe that the UAE, with its strategic location and forward-thinking policies, offers investors a stable and growth-oriented environment. The nation's commitment to innovation, its world-class infrastructure, and a business-friendly ecosystem position it as an attractive hub for global investors seeking long-term returns and impactful engagements.

Evolve: Looking ahead, what are your plans for the future growth and development? Are there any exciting upcoming projects that you want to tell us about or give a sneak peek? 

Mr. Michael Zhao: Will be focusing mainly on KLICKL and Mygolf

Evolve: Keeping in view the recent international scenarios created within economic arena what sectors stand to benefit the most from increased foreign investor participation?

Mr. Michael Zhao: Business with positive cash flow or already in profitable 

Evolve: What are your thoughts on print media around the globe and what would you like to say to the readers of Evolve Business Publication?

Mr. Michael Zhao: Whatever works to bring the right content in front of the right audience.