Weyland Tech, Inc. (OTCQX: WEYL), a leading global provider of
eCommerce, mCommerce, and fintech business enablement solutions,
has partnered with ShopeePay, the mobile e-wallet platform of Sea
Limited (NYSE: SE), to launch a marketing campaign for Weyland’s
fast-growing AtozGo™ food delivery service in Jakarta.
As recently announced, ShopeePay will offer the AtozGo food and
grocery delivery service to its large and growing fintech user base
in Jakarta, Indonesia. Access to the AtozGo delivery service is
being integrated into ShopeePay, allowing users to transact AtozGo
orders within the mobile app. Through this integration, AtozGo will
gain access to the hundreds of thousands of merchants and millions
of users already on the ShopeePay fintech platform.
The AtozGo integration also represents ShopeePay’s first entry
into the last-mile food and grocery delivery market in Southeast
Asia. As part of the new joint marketing campaign, ShopeePay is
offering its users a 30% discount on AtozGo orders during the first
month from launch.
The AtozGo mobile app is also being updated to include a new
option for paying for deliveries using ShopeePay’s mobile fintech
technology.
“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,” noted
Djunaedy Hermawanto, CEO of Weyland Indonesia Perkasa, the local
operator of AtozGo.
Sea Limited selected AtozGo to support its entry into the food
delivery market because of AtozGo’s strong brand presence in
Jakarta that includes a well-established base of merchants and
customers, with this resulting from its strong growth over the last
year.
“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.”
Over the last two years since Sea Limited’s IPO on the New York
Stock Exchange, it has risen to become the most valuable publicly
traded company in Southeast Asia with a market capitalization of
more than $52 billion.
AtozGo has now attracted more than 1,000 delivery people, up
from 680 in March, by offering flexible hours and unlimited income
potential. Merchants are also increasingly joining AtozGo, now at
more than 35,000, up 9,000 over just the last few weeks. The
increase in merchants provides AtozGo customers a greater selection
of household products and services, with this driving larger and
more frequent orders.
ShopeePay has also been increasing in popularity. A survey
conducted by M2insights in January revealed that ShopeePay has
become one of the top five e-wallets in Indonesia, and nearly 40%
of respondents were using ShopeePay to transfer funds and make
electronic payments. M2insights covered the new ShopeePay/AtozGo
partnership in an article published 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 reports that online food delivery business in Indonesia
is expected to reach $1.95 billion in 2020, and continue to grow at
a 11.5% compounded annual growth rate to $3.02 billion by 2024.
Weyland’s success with AtozGo and ShopeePay has validated Weyland’s
entry into Indonesia as one of only a handful of U.S. publicly
traded companies focused on this hyper-growth emerging market.
According to the e-Conomy SEA 2019 report by Google, Temasek,
and Bain, Indonesia’s Internet economy was worth $40 billion in
2019 and will grow more than threefold by 2025. Bank Indonesia, the
country’s central bank, reported that the total value of e-wallet
transactions increased from $3.2 billion in 2018 to $10.45 billion
in 2019. The Asian Banker report projects it will exceed $15
billion in 2020.
About Sea Limited
Sea Limited (NYSE: SE) is a leading global consumer internet
company founded in Singapore in 2009. Its mission is to better the
lives of consumers and small businesses with technology. Sea
operates three core businesses across digital entertainment,
e-commerce, as well as digital payments and financial services,
known as Garena, Shopee and SeaMoney, respectively. Garena is a
leading global online games developer and publisher. Shopee is the
largest pan-regional e-commerce platform in Southeast Asia and
Taiwan. SeaMoney is a leading digital payments and financial
services provider in Southeast Asia. For more information, visit
www.seagroup.com.
Shopee is the leading e-commerce platform in Southeast Asia and
Taiwan. It is a platform tailored for the region, providing both
buyers and sellers with an easy, secure and fast online shopping
experience through strong payment and logistical support. With a
wide selection of product categories ranging from consumer
electronics to home & living, health & beauty, baby &
toys, fashion and fitness equipment, Shopee aims to continually
enhance its platform and become the region’s e-commerce destination
of choice. For more information, go to shopee.com
About Weyland Tech
Weyland Tech, Inc. (OTCQX: WEYL) is a U.S.-based leading global
provider of eCommerce, mCommerce, and fintech business enablement
solutions. Its CreateApp™ platform-as-a-service enables
small-and-medium sized businesses worldwide to easily create and
deploy a native mobile app for their business without technical
knowledge or background. CreateApp empowers businesses to reach
more customers, increase sales, manage logistics, and promote their
products and services in an easy, affordable, and highly efficient
way. CreateApp is offered in 14 languages across 10 countries and
three continents, including some of the fastest-growing emerging
markets in Southeast Asia.
Weyland’s subsidiary, Logiq Inc., provides a data-driven,
end-to-end eCommerce marketing solution for enterprises and major
U.S. brands, like Home Advisor, QuinStreet and Sunrun. The
AI-powered LogiqX™ data engine delivers valuable consumer insights
that enhance the ROI of online marketing spend. The company’s
AtozPay™ subsidiary offers mobile payments, e-wallet, and the
AtozGo™ hyper-local food delivery services in Indonesia, which has
the fastest-growing mobile economy in Southeast Asia. For more
information about Weyland Tech, go to weyland-tech.com.
Important Cautions Regarding Forward Looking
Statements
This press release contains certain “forward-looking statements”
relating to the business of the Company. All statements, other than
statements of historical fact included herein are “forward-looking
statements” including statements regarding: the adoption of our
product offerings by SMBs and other businesses; the ability of the
Company to successfully integrate the assets of Logiq, the
continued growth of the eCommerce segment and the ability of the
Company to continue its expansion into that segment; the ability of
the Company to attract customers and partners and generate
revenues; the ability of the Company to successfully execute its
business plan; the business strategy, plans, and objectives of the
Company; the continued use and success of AtozGo and AtozPay; and
any other statements of non-historical information. These
forward-looking statements are often identified by the use of
forward-looking terminology such as “believes,” “expects” or
similar expressions and involve known and unknown risks and
uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks, and uncertainties, and these
expectations may prove to be incorrect. Investors should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this news 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 (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
any duty to update these forward-looking statements.
LogiqX is a trademark of Logiq, Inc. All rights reserved.
Company ContactBrent Suen, CEOWeyland Tech
Inc.Email contact
Media & Investor ContactRonald Both or
Grant StudeCMA Investor & Media RelationsTel (949) 432-7566
WEYL@cma.team
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