BEIJING, July 30, 2020 /PRNewswire/ -- WeTrade Group INC (OTC: WETG) ("WeTrade" or "the Company"), a company providing technical services and solutions to membership-based social e-commerce platform through big-data, social recommendation relationships, multi-channels App data statistics, etc., today announced that it expects to provide its revenue management system and services for approximately 20 million micro-business online store users in 2020, based on its business pipeline and projections.
According to the China Internet Development Report 2020, Chinese mobile internet users reached 1.32 billion, 32.17% of global Internet users at the end of 2019. "Internet Plus" strategy continues to booster transformation and upgrade of traditional industries as new products and new type of business emerge, service pattern continues evolution and market structure continues innovation. After implementation of blue ocean strategy on e-retailing and e-commerce, which generates enormous economic and social benefits, Chinese social e-commerce business, with major players such as Pinduoduo, Inc. and Yunji Inc., continues to thrive in 2020 and it is expected that the Gross Merchandise Volume ("GMV") from social e-commerce business will be over 30% of total GMV from e-commerce business in China.
Pinduoduo Inc., the No.1 giant of social e-commerce platform in China, focuses on marketing approach and renovates business model of social network plus e-commerce by group buying, and Yunji Inc. an up-rising star, focuses on B2C model and emphasizes "smaller quantity, better quality" of its commodities in order to reduce decision cost for consumers. WeTrade as the only listed SaaS business provides technology support to micro-business online stores and social e-commerce platforms from retail, tourism industry, hospitality and beauty industry.
The practitioners on micro-business online stores increased from 50.6 million in 2019 to 100 million in 2020. As rapid expansion of micro-business online stores during these years, the demands on upgrade of IT and supply chain infrastructure continue to increase, which provides enormous opportunities for us tapping into the market as a solution provider for social e-commerce platform and micro-business online stores.
In 2020, the Company starts its business in mainland China and provides its patented revenue management system "WeTrade system" for its multiple micro-business online store users including Yuetao App, Daren App, Yuebei App, JD Direct Order App, Yuedian App, Lvyue App etc. The WeTrade system enables the Company's users to efficiently locate clients' demands and secure orders, and to achieve CPS profit and multi-channel APP data analysis, which aims to provide one-stop operation and technical solutions for online store users from different industries.
Mr. Dai Zheng, Chairman of Board of WETG, commented, "We are confident that we can provide our patented WeTrade system to such substantial micro-business online store users in 2020 and help our users achieve their strong growth. We are also focusing on programs research and development of supply chain, product direct purchase and online community function to keep our system abreast of online consumption trends in the market. We will also target to provide our revenue management system to international social e-commerce platforms such as Kakao, Line and What's app leveraging the existing experience and technology edges."
About WeTrade Group Inc.
WeTrade Group provides better solutions for 100 million micro-business users in China.
WeTrade Group INC (US: WETG) is a company that provides technical services and solutions based on membership-based social e-commerce. Through big-data, social recommendation relationships, multi-channels App data statistics, etc., we independently developed a social e-commerce revenue management system (Abbreviation: WeTrade system).
The main functions of WeTrade system are user marketing relationship implementation, CPS commission profit management, multi-channels App data statistics, etc. Business applications should cover retail industry, tourism industry, hospitality industry, beauty industry, etc.
WeTrade Group INC had successful conducted business operations in mainland China and conducted business tests in Hong Kong, Philippines, Singapore and others. It has formed long-term technical cooperation with Yuetao App, Daren App, Yuebei App, Jingdong Yuecheng App, Yuedian App, Lvyue App and many other products.
In 2020, in order to better serve customers in mainland China, WeTrade Group INC has reached an in-depth strategic partnership with Global Travelling Technology (Beijing) Co., Ltd., entrusting it to expand its business in China. As of the first quarter of 2020, WeTrade system has covered e-commerce industry, tourism industry, hospitality industry, living short video industry, etc.
WeTrade Group INC is not only to focus on 100 million micro-business users in China, but also to apply the complete WeTrade system ecological technology to global enterprises.
For more information and products DEMO, Website: http://www.wetradegroup.net
Forward-Looking Statements
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, income, expenditures, cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions; ability to compete in an industry with low barriers to entry; ability to continue to operate through our VIE structure; ability to obtain additional financing in the future to fund capital expenditures; ability to attract new clients, and further enhance brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial consulting services industry; a pandemic or epidemic; and other factors listed in the Company's annual report on Form 10-Q/10-K and other documents filed with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management's beliefs and assumptions only as of the date such statements are made. These forward-looking statements are made as of the date of this news release.
For more information and product demos:
http://www.wetradegroup.net
View original content:http://www.prnewswire.com/news-releases/wetrade-group-inc-expects-to-provide-revenue-management-services-for-20-million-chinese-micro-business-online-stores-in-2020-301103027.html
