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WeTrade Group Inc. (WETG) has announced a partnership with Zhongyantongda to implement its YCloud intelligent system in 5.6 million Zhongyan convenience stores across China within a year. This collaboration aims to enhance digital transformation, improve private online traffic management, and drive revenue growth through advanced supply chain solutions, AI marketing management, and financial services. The initiative addresses challenges faced by traditional operating models exacerbated by the pandemic, with the goal of revitalizing the economic landscape for micro-businesses.
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WeTrade Group Inc. (US: WETG) announced the establishment of its second headquarters in Yanliang District, Xi'an, China, aimed at enhancing its social e-commerce services. The local government provided support, indicating a shared vision for economic digital transformation. WeTrade Group leverages advanced technology to boost digital services and create job opportunities. The new headquarters aims to strengthen the aviation industry and promote the development of emerging industries in the region.
WeTrade Group Inc. (US:WETG) announced a comprehensive upgrade to its technological services aimed at enhancing its operations in the Chinese market. The new system focuses on customer relationship management and utilizes big data to boost revenue through precise marketing and additional sales services. The technology, dubbed the 'Cloud Intelligent Brain of Micro Business', is designed to support the explosive growth of micro-businesses in the mobile Internet era. Established in July 2019, WeTrade has rapidly developed its revenue management system, 'WePay', and is expanding its services across various sectors.
WeTrade Group Inc. (WETG) announced the appointment of Mr. Donghui Wang and Mr. Daxue Li as independent directors, effective September 1, 2020. Their inclusion enhances the board's expertise, now comprising five independent directors from various professional backgrounds. Mr. Wang, a seasoned investor, and Mr. Li, a former CTO of JD.com, aim to drive the company's vision in social e-commerce. CEO Pijun Liu expressed enthusiasm for their leadership, anticipating a boost in development and growth opportunities for WeTrade.
WeTrade Group (WETG) anticipates explosive growth in social e-commerce as consumer habits shift due to the pandemic. Despite a significant decline in China's retail sales by 19% in Q1 2020, the online shopping trend has accelerated, boosting demand for social e-commerce solutions. With the market for social e-commerce expected to surpass RMB 2 trillion, WeTrade Group leverages its data-driven revenue management system to support micro-businesses and social platforms across various industries, positioning itself to capture growth in this evolving landscape.
WeTrade Group Inc. (OTC: WETG) reports impressive 2020 Q2 financial results, following its NASDAQ OTC listing on July 23, 2020. The revenue for Q2 reached 855,293 USD, with a total of 876,363 USD for the first half of 2020. The company also achieved a net profit of 582,806 USD, marking over a 504% year-on-year increase. Leveraging its technology and services, WeTrade collaborates with various platforms in China, serving over 300 million users. The CFO anticipates ongoing growth in social e-commerce amid economic recovery.