NEW YORK, July 27, 2020 (GLOBE NEWSWIRE) — Weyland Tech, Inc. (OTCQX: WEYL), a number one world supplier of eCommerce, mCommerce, and fintech enterprise enablement options, has partnered with ShopeePay, the cell e-wallet platform of Sea Restricted (NYSE: SE), to launch a advertising marketing campaign for Weyland’s fast-growing AtozGo™ meals supply service in Jakarta.
As not too long ago introduced, ShopeePay will provide the AtozGo meals and grocery supply service to its massive and rising fintech person base in Jakarta, Indonesia. Entry to the AtozGo supply service is being built-in into ShopeePay, permitting customers to transact AtozGo orders throughout the cell app. By way of this integration, AtozGo will acquire entry to the lots of of hundreds of retailers and tens of millions of customers already on the ShopeePay fintech platform.
The AtozGo integration additionally represents ShopeePay’s first entry into the last-mile meals and grocery supply market in Southeast Asia. As a part of the brand new joint advertising marketing campaign, ShopeePay is providing its customers a 30% low cost on AtozGo orders through the first month from launch.
The AtozGo cell app can be being up to date to incorporate a brand new possibility for paying for deliveries utilizing ShopeePay’s cell fintech expertise.
“The formation and launch of our new co-marketing campaign with ShopeePay is a huge win for AtozGo and demonstrates our unique value proposition for both partners and customers alike,” famous Djunaedy Hermawanto, CEO of Weyland Indonesia Perkasa, the native operator of AtozGo.
Sea Restricted chosen AtozGo to help its entry into the meals supply market due to AtozGo’s sturdy model presence in Jakarta that features a well-established base of retailers and prospects, with this ensuing from its sturdy development over the past 12 months.
“Our rapid growth reflects our unique approach to the market, which includes being 100% pedestrian-powered and driven by the entrepreneurial spirit of our delivery people,” continued Hermawanto. “We now expect an even greater acceleration with our new ShopeePay partnership that is supported by the vast reach and resources of Sea Limited.”
During the last two years since Sea Restricted’s IPO on the New York Stock Alternate, it has risen to grow to be essentially the most invaluable publicly traded firm in Southeast Asia with a market capitalization of greater than $52 billion.
AtozGo has now attracted greater than 1,00Zero supply individuals, up from 680 in March, by providing versatile hours and limitless revenue potential. Retailers are additionally more and more becoming a member of AtozGo, now at greater than 35,000, up 9,00Zero over simply the previous couple of weeks. The rise in retailers gives AtozGo prospects a better choice of family services and products, with this driving bigger and extra frequent orders.
ShopeePay has additionally been rising in recognition. A survey carried out by M2insights in January revealed that ShopeePay has grow to be one of many prime 5 e-wallets in Indonesia, and almost 40% of respondents had been utilizing ShopeePay to switch funds and make digital funds. M2insights lined the brand new ShopeePay/AtozGo partnership in an article revealed on July 9.
“We expect our mutual platform integration with ShopeePay and especially the new co-marketing campaign to raise our profile in the industry and attract other valuable partnerships,” added Hermawanto. “We also see the integrations supporting the expansion of AtozGo into other urban areas in Southeast Asia where ShopeePay has already built a large user base.”
Statista stories that on-line meals supply enterprise in Indonesia is anticipated to succeed in $1.95 billion in 2020, and proceed to develop at a 11.5% compounded annual development price to $3.02 billion by 2024. Weyland’s success with AtozGo and ShopeePay has validated Weyland’s entry into Indonesia as one in every of solely a handful of U.S. publicly traded corporations targeted on this hyper-growth rising market.
In keeping with the e-Conomy SEA 2019 report by Google, Temasek, and Bain, Indonesia’s Web economic system was worth $40 billion in 2019 and can develop greater than threefold by 2025. Bank Indonesia, the nation’s central bank, reported that the full value of e-wallet transactions elevated from $3.2 billion in 2018 to $10.45 billion in 2019. The Asian Banker report tasks it’s going to exceed $15 billion in 2020.
About Sea Restricted
Sea Restricted (NYSE: SE) is a number one world client web firm based in Singapore in 2009. Its mission is to raised the lives of shoppers and small companies with expertise. Sea operates three core companies throughout digital leisure, e-commerce, in addition to digital funds and monetary companies, often called Garena, Shopee and SeaMoney, respectively. Garena is a number one world on-line video games developer and writer. Shopee is the most important pan-regional e-commerce platform in Southeast Asia and Taiwan. SeaMoney is a number one digital funds and monetary companies supplier in Southeast Asia. For extra data, go to www.seagroup.com.
Shopee is the main e-commerce platform in Southeast Asia and Taiwan. It’s a platform tailor-made for the area, offering each consumers and sellers with a straightforward, safe and quick on-line procuring expertise by means of sturdy cost and logistical help. With a wide array of product classes starting from client electronics to dwelling & dwelling, well being & magnificence, child & toys, style and health tools, Shopee goals to repeatedly improve its platform and grow to be the area’s e-commerce vacation spot of selection. For extra data, go to shopee.com
About Weyland Tech
Weyland Tech, Inc. (OTCQX: WEYL) is a U.S.-based main world supplier of eCommerce, mCommerce, and fintech enterprise enablement options. Its CreateApp™ platform-as-a-service permits small-and-medium sized companies worldwide to simply create and deploy a local cell app for his or her enterprise with out technical data or background. CreateApp empowers companies to succeed in extra prospects, enhance gross sales, handle logistics, and promote their services and products in a straightforward, reasonably priced, and extremely environment friendly method. CreateApp is obtainable in 14 languages throughout 10 international locations and three continents, together with among the fastest-growing rising markets in Southeast Asia.
Weyland’s subsidiary, Logiq Inc., gives a data-driven, end-to-end eCommerce advertising resolution for enterprises and main U.S. manufacturers, like Dwelling Advisor, QuinStreet and Sunrun. The AI-powered LogiqX™ knowledge engine delivers invaluable client insights that improve the ROI of on-line advertising spend. The corporate’s AtozPay™ subsidiary presents cell funds, e-wallet, and the AtozGo™ hyper-local meals supply companies in Indonesia, which has the fastest-growing cell economic system in Southeast Asia. For extra details about Weyland Tech, go to weyland-tech.com.
Vital Cautions Relating to Ahead Trying Statements
This press launch accommodates sure “forward-looking statements” regarding the enterprise of the Firm. All statements, aside from statements of historic reality included herein are “forward-looking statements” together with statements relating to: the adoption of our product choices by SMBs and different companies; the flexibility of the Firm to efficiently combine the belongings of Logiq, the continued development of the eCommerce section and the flexibility of the Firm to proceed its enlargement into that section; the flexibility of the Firm to draw prospects and companions and generate revenues; the flexibility of the Firm to efficiently execute its marketing strategy; the enterprise technique, plans, and goals of the Firm; the continued use and success of AtozGo and AtozPay; and some other statements of non-historical data. These forward-looking statements are sometimes recognized by way of forward-looking terminology comparable to “believes,” “expects” or comparable expressions and contain recognized and unknown dangers and uncertainties. Though the Firm believes that the expectations mirrored in these forward-looking statements are affordable, they do contain assumptions, dangers, and uncertainties, and these expectations may show to be incorrect. Buyers mustn’t place undue reliance on these forward-looking statements, which communicate solely as of the date of this information launch. The Firm’s precise outcomes may differ materially from these anticipated in these forward-looking statements on account of a wide range of elements, together with these mentioned within the Firm’s periodic stories which are filed with the Securities and Alternate Fee and obtainable on its web site (www.sec.gov). All forward-looking statements attributable to the Firm or individuals appearing on its behalf are expressly certified of their entirety by these elements. Apart from as required beneath the securities legal guidelines, the Firm doesn’t assume any responsibility to replace these forward-looking statements.
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Brent Suen, CEO
Weyland Tech Inc.
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