BEIJING, Jan. 6, 2023
/PRNewswire/ -- WeTrade Group Inc. ("WeTrade" or the
"Company") (NASDAQ: WETG), a global diversified "software as a
service" ("SaaS") technology service provider committed to
providing technical support and digital transformation tools for
enterprises across different industries, today announced that
the Company has entered into a strategic cooperation agreement
(the "Agreement") with Hangzhou Parallel Space Network Technology
Co., Ltd. (Hangzhou Parallel Space). Hechun
Wei, Chief Executive Officer of WeTrade, and Mr. Thomas,
founder and Chief Executive Officer of Hangzhou Parallel Space,
attended the meeting and signed the Agreement. The senior
management of both parties participated in this signing ceremony.
Pursuant to the Agreement, the two companies will work together to
jointly set up Parallel Space Intelligent Network Technology Co.,
LTD (Parallel Space Intelligent).
With the rapid growth of the global economy, the virtual human
technology has become increasingly popular and foreseeably
irreplaceable in different industries. The establishment of
Parallel Space Intelligent will be a milestone for both WeTrade and
Hangzhou Parallel Space as they jointly promote the idea of
"virtual human" in meta-universe to the global market, and
revolutionize the application of "virtual human" technology
services to the global multi-industry sector.
Hangzhou Parallel Space was established in September 2022, with its headquarter in
Hangzhou, Zhejiang Province. By building AI virtual
human R&D platform, marketing platform and platform-based
application tools, Hangzhou Parallel Space empowers the industry to
build digital "virtual human" core assets. It also solves the crux
of the problems in "metaverse" technology for more than 40
first-tier brands at home and abroad, and reaches a deep strategic
cooperation to jointly promote the development of metaverse
ecology.
Hechun Wei, Chief Executive
Officer of the WeTrade, commented, "Advancing to the virtual human
industry is an important step for the Company to upgrade its
digital technology services in 2023. In recent years, the virtual
human application has gone beyond the stage of virtual anchor,
interactive entertainment, education and training, government
services, among others, and expanded to other industries. The
empowerment and employment of digital virtual human and real
economy interaction will become inevitable. The Company hopes to
keep up with this trend and seize the opportunity for an early
entrance into this market, and to create greater value for our
customers, and shareholders."
About WeTrade Group Inc.
WeTrade Group Inc. is a global diversified "software as a
service" ("SaaS") technology service provider which is committed to
providing technical support and digital transformation tools for
enterprises across different industries. The three main business
segments of the Company are YCloud, WTPay and Y-Health.
YCloud is a micro-business cloud intelligent system launched by
WeTrade, serving global micro-business industry. YCloud strengthens
users' marketing relationship and CPS commission profit management
through leading technology and big data analysis. It also helps
increase the payment scenarios to increase customers' revenue by
multi-channel data statistics, AI fission and management as well as
improved supply chain system.
Independently developed by the Company, WTPay supports multiple
methods of online payment and eight mainstream digital wallets in
over 100 countries to help customers quickly realize global
collection and payment business. Customers can use WTpay for global
acquiring business, global store opening, global payment
collection, international banking, global remittance and currency
exchange.
Under its global public health business sector Y-Health, the
Company engages in developing global business for biological health
and medical enterprises. Currently, Y-Health mainly focuses on
detection and prevention of epidemic, daily healthcare, traditional
Chinese medicines, and others.
For more information, please
visit https://ir.wetg.group.
Forward-Looking Statements
This press release contains information about the Company's
view of its future expectations, plans and prospects that
constitute forward-looking statements. Actual results may
differ materially from historical results or those indicated by
these forward-looking statements as a result of a variety of
factors including, but not limited to, risks and uncertainties
associated with its ability to raise additional funding, its
ability to maintain and grow its business, variability of operating
results, its ability to maintain and enhance its brand, its
development and introduction of new products and services, the
successful integration of acquired companies, technologies and
assets into its portfolio of products and services, marketing and
other business development initiatives, competition in the
industry, general government regulation, economic conditions,
dependence on key personnel, the ability to attract, hire and
retain personnel who possess the technical skills and experience
necessary to meet the requirements of its clients, and its ability
to protect its intellectual property. The Company's encourages
you to review other factors that may affect its future results in
the Company's annual reports and in its other filings with the
Securities and Exchange Commission.
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SOURCE WeTrade Group INC