Wecast Network Provides Update on Virtual Commerce Platform; Anticipates Transactional Sales for 2017
February 15, 2017 at 03:08 pm EST
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Wecast Network, Inc. provided several key updates on the previously announced B2B virtual reality, augmented reality and artificial intelligence- enabled commerce technology solution that will be launched in second quarter of 2017. Starting in May of 2017, Wide Angle Group, which Wecast Network recently acquired 55% of, will begin placing products form over 10 of WAG's existing customer base, through the V market platform. Some of these clients and manufacturers include British Telecom, Konka, Macromax, and Wintech. Additional and new client/manufacturers that will be using the V Market PaaS (platform as a service) will be announced in the weeks to come.
In 2017, Wecast Network is anticipating approximately $200 million in transactional sales from these product placements. The Company is looking to use its V Market Platform as a centerpiece of its e-commerce business with data management, search and settlement capabilities all combining to become amongst the first globally with a viable and scalable V Commerce model.
Ideanomics, Inc. (Ideanomics) is focused on facilitating the adoption of commercial electric vehicles (EVs). The Company conducts its operations globally in one segment with three business units, including Ideanomics Mobility, Ideanomics Energy, and Ideanomics Capital. Ideanomics Mobilityâs business unit focuses on electric vehicles, including mid and last-mile delivery trucks and vans, tractors, and two-wheelers. Ideanomics Energyâs business unit focuses on charging and energy-related products and services. Ideanomics Capitalâs business unit focuses on providing financing support for the Companyâs Mobility and Energy business units. Through its subsidiaries, VIA Motors International, Inc. and Wireless Advanced Vehicle Electrification, Inc., the Company offers an integrated EV and charging solution for commercial fleets. Its principal facilities include properties in North America, Europe and Asia for manufacturing and assembly, warehousing, engineering, retail and service locations.
IDEANOMICS, INC. 