WeTrade's Dixon Dai: Digital Economy is the Driven Force and Trend of New Age

Rhea-AI Summary

WeTrade Group Inc. (WETG) participated in the 2021 World Internet Conference, where Dixon Dai, the company's Founder and Chairman, discussed the impact of digitalization on private enterprises, especially post-COVID-19. He highlighted that only 20% of small stores marketed online before the pandemic, a statistic that has changed dramatically since. Wetrade showcased its YCloud system, aimed at aiding small and medium-sized enterprises in digital transformation. The company also signed partnership agreements to support nationwide ticket sales for Universal Studio Beijing Resort.

Positive

• Wetrade showcased its YCloud system at the World Internet Conference, indicating strong R&D capabilities.
• Partnerships with ticket agents of Universal Studio Beijing Resort, enhancing service offerings and market reach.
• Recognition from officials for efforts in aiding SMEs with digital transformation.

Negative

• Before the pandemic, only 20% of small stores were engaged in online marketing, indicating a significant gap in digital adoption.

WUZHEN, China, Sept. 28, 2021 /PRNewswire/ -- The 2021 World Internet Conference closed the curtain in Wuzhen on September 28, 2021. In a seminar focusing on digital economy development and cooperation, Mr. Dixon Dai (Dai Zheng), Founder, Chairman and CTO of WeTrade Group Inc. ("Wetrade" or the "Company") (US: WETG), exchanged views on how to bridge the digital divisions and bring the benefits of digitalization to different generations with a lineup of renowned speakers, including Qiu Zeqi, Director and Professor of China Society and Development Research Center of Peking University, Huang Cui, Director and Professor of Information Resource Management Department of Zhejiang University, Zhang Xinhong, Chief Information Engineer and Researcher of National Information Center, Tao Xiongqiang, Deputy General Manager of China Hualu Group, and Li Wenjie, Senior Vice President of Beike and President of Beike Research Institute.

"The COVID-19 pandemic has accelerated the digital process of traditional retail industry. Before the pandemic, we had researched on tens of millions of small stores in many cities; only about 20% of them did marketing online. However, after the pandemic, everyone began to do online digital communications, marketing and sales, such as using SAAS software and selling things in their WeChat Moments."Mr. Dai also believed that Digitalization is the key to the survival of private enterprises in the future."The past two years have been extraordinary. China and the world have been deeply challenged. But among all the uncertainties, digitalization is the greatest opportunity that we are most certain of. In the past, digitalization only made enterprises live better; but today, digitalization has become the key to the survival of enterprises."

This was the second consecutive year that Wetrade had been invited to attend the World Internet Conference. At the Light of Internet Expo, Wetrade showcased its latest research and development of the pioneering YCloud system, successful partnership stories, and technological achievements of its e-commerce SAAS services under the age of digital transformation. For example, Wetrade's partner Best Goods in the Neighborhood launched its second generation of Intelligent Fresh Rice Mill at the Expo, which has attracted a Hugh crowd of audience. Mainstream media, including CCTV, BRTV, Global Times, People's Daily, Economic Daily and China Business, visited the company's booth and interviewed executives and staff. Officials of the Office of the Central Cyberspace Affairs Commission also inspected Wetrade's booth and highly praised the company's efforts in helping SMEs and micro businesses in digital transformation.

Since it was founded in 2019, Wetrade has been committing in helping small and medium-sized enterprises, as well as the micro businesses achieve digital transformation and build the Online-Merge-Offline (OMO) business operation mode. As of now, the YCloud system has been embedded in a number of partners'social e-commerce platforms，including those of Zhiding, Yuetao, Best Goods in the Neighborhood, Daren, Zhongyanshangyue, Beijing Youth Travel Service, CCT, Laojin Beer, covering industries of micro businesses, tourism, hospitality, short video and livestreaming, medical beauty and traditional retail.

Recently, Wetrade signed partnership agreement with a number of ticket agents of the Universal Studio Beijing Resort. According to the agreement, Wetrade provides the ticket agents with SAAS services and customer acquisition support to help on their nationwide ticket sales of the theme park.

About WeTrade Group Inc. 

WeTrade Group Inc. is a leading technical service provider of SAAS and Cloud Intelligent System for micro-businesses, and is a pioneering internationalized system in the global micro-business cloud intelligence field and the leader, innovator and promoter of the world's cloud intelligent system for micro-businesses. WeTrade Group independently developed the cloud intelligent system for micro-businesses (Abbreviation: YCloud). YCloud can strengthen users' marketing relationship and CPS commission profit management through leading technology and big data analysis. It also can help increase the payment scenarios to increase customers' revenue by multi-channel data statistics, AI fission and management as well as improved supply chain system. Up to now, YCloud's business has successfully landed in mainland China and Hong Kong, covering the micro business industry, tourism industry, hospitality industry, livestreaming and short video industry, aesthetic medical industry and traditional retail industry. For more information, please visit https://ir.wetg.group.

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SOURCE WeTrade Group Inc.

FAQ

What did WeTrade Group announce at the 2021 World Internet Conference?

WeTrade Group showcased its YCloud system and discussed the importance of digitalization for private enterprises at the conference.

Who is the founder of WeTrade Group Inc.?

Dixon Dai is the Founder, Chairman, and CTO of WeTrade Group Inc.

What partnerships has WeTrade Group formed recently?

WeTrade signed partnership agreements with ticket agents to support nationwide sales for Universal Studio Beijing Resort.

How has COVID-19 affected small business digitalization according to Wetrade?

COVID-19 accelerated online marketing adoption, increasing engagement from only 20% of small stores pre-pandemic.

What is the main focus of Wetrade's YCloud system?

The YCloud system aims to assist small and medium-sized enterprises in achieving digital transformation.