NEW YORK, March 7, 2017 /PRNewswire/ -- Wecast
Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"),
announced today an exclusive partnership with the Chinese
Electronic Chamber of Commerce ("CECC"). Under the strategic
alliance with the CECC and its 4000 electronic manufacturing
industry members, WCST be the exclusive provider of B2B V PaaS
(WCST's Virtual & Mixed/Hybrid Reality Platform), big data
management and other supply chain services and sales tools.
Established in 1988, CECC is a national corporate organization
of electronic industry companies and organizations across
China and is the largest trade
organization under the PRC's Ministry of Industry and Information
Technology (MIIT).
The purpose of CECC is to serve its members, the market and the
government by promoting and fostering a favorable environment for
the manufacturing and sales of electronic products as well as
enhancing its members' economic strength, legal interests and
social influence.
WCSTS's B2B V PaaS will create extensions to multiple commerce
chain components: the storefront, the available inventory, the
brand, content related to the brand, the accessibility of a product
and overall procurement. WCST is looking to use its V
PaaS as a centerpiece of its e-commerce business with AI-enabled
data management, search and settlement capabilities all combining
to become amongst the first globally with a viable and scalable B2B
Virtual Commerce model.
About Wecast Network Inc.
(http://corporate.wecastnetworkinc.com)
Wecast Network Inc (NASDAQ: WCST), is a next generation
global brand licensing, IP sales and video commerce company driven
by AI and Big Data. With a firm focus on 4 strategy pillars
which include: Brand, Content, Commerce and Licensing, the Company
is leveraging and optimizing its legacy operations as a premium
content Video On Demand service provider in China to evolve into a global, vertical,
ubiquitous and transactional B2B2C, mobile-driven, consumer and
supply chain management platform. By aiming to establish the
world's premier multimedia, social networking and smart
e-commerce-enabled network with the largest global effective
connected user base, Wecast, through this expanded, cloud-based,
ecosystem of connected screens combined with strong partnerships
with leading global providers, will be capable of delivering a vast
array of WCST/YOD–branded products and services to enterprise
customers and end-use consumers - anytime and
anywhere, across multiple platforms and devices.
Wecast has content distribution agreements in place with many
of Hollywood's top studios including Disney Media
Distribution, Paramount Pictures, NBC Universal and Twentieth
Century Fox Television Distribution, Miramax, as well as a broad
selection of the best content from Chinese filmmakers. In
addition, the Company has governmental partnerships and licenses as
well as numerous JV partnerships and strategic cooperation
agreements with an array of distribution and content partners in
the global new media space. Wecast is headquartered in both
New York, NY and Beijing, China.
Safe Harbor Statement
This press release contains certain statements that may
include "forward looking statements." All statements other than
statements of historical fact included herein are "forward-looking
statements." These forward looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
CONTACT:
Jason Finkelstein
Wecast Network, Inc.
212-206-1216
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SOURCE Wecast Network, Inc.