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    WETG   US9618841038

WETRADE GROUP INC.

(WETG)
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WeTrade Group's YCloud System will Empower the Revenue Growth of Convenience Stores

03/17/2021 | 02:41am EDT

WeTrade Group Inc. announced a cooperation with the Company of Zhongyantongda. WeTrade Group targets to implement the YCloud intelligence system in 5.6 million Zhongyan convenience stores within one year. The two companies aim to improve the private online traffic operation, complete the digitalized transformation and achieve revenue growth by the support of a supply chain system, AI fission community marketing management, short-video livestreaming application and financial services. At present, 5.6 million convenience stores of Zhongyan Corporation have covered most regions of the country and have achieved social retail and smart community service for 350 million smokers and their families. With the development of the Internet and digital economy, convenience stores have become active. However, due to the limitation of traditional operating models and hysteretic supply systems, they are facing issues of continuous expansion and revenue growth. Furthermore, the pandemic has brought a huge impact on the brick-and-mortar store economic model, giving rise to an innovative transformation demand for convenience stores.


ę S&P Capital IQ 2021
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Financials (USD)
Sales 2020 6,27  - -
Net income 2020 2,68 M - -
Net cash 2020 1,46 M - -
P/E ratio 2020 688x
Yield 2020 -
Capitalization 1 219 M 1 219 M -
EV / Sales 2019 -
EV / Sales 2020 294 427 741x
Nbr of Employees 89
Free-Float 27,5%
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Managers and Directors
Pi Jun Liu Chief Executive Officer & Director
Kean Tat Che CFO, Secretary & Executive Director
Dai Zheng Chairman
Li Zhuo Chief Operating Officer & Executive Director
Yu Xing Ye Independent Director & Compliance Officer
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