Newretail Co., Ltd filed its Annual on Mar 31, 2020 for the period ending Dec 31, 2019. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
NEWRETAIL CO., LTD is a Taiwan-based company primarily engaged in the provision of search engine marketing (SEM) services. The Company provides the integrated e-marketing solutions for manufacturers and suppliers in Taiwan and China to increase product exposures and order invoices for its clients. The Company provides a variety of services, including Taiwan Products Online, B2BManufactures.com (BMS) publishing marketing, very important person (VIP) network marketing, B2BChinaSources.com (BCS) Website membership services, digital catalog and content management system services, as well as Chinese Website Wakema.com.tw, among others. The Company operates its businesses in Taiwan and Mainland China. On June 17, 2014, it merged with a wholly owned investment subsidiary. After that, the Company survived and the subsidiary was dissolved.