WeTrade Group Inc.
(Note: This is NOT an IPO. This is a NASDAQ uplisting from the OTC Markets. This NASDAQ uplisting and public offering have been in the works since early June 2021.)
We are a holding company incorporated in the state of Wyoming on March 28, 2019.
As a holding company with no material operations of our own, we conduct a substantial majority of our operations through our subsidiaries established in China. Investors in our common stock should be aware that they may never directly hold equity interests in the Chinese operating entities, but rather (are) purchasing equity solely in Wetrade Group Inc., our Wyoming holding company, which does not directly own substantially all of our business in China conducted by our subsidiaries. Our common stock offered in this offering are shares of our U.S. holding company instead of shares of our subsidiaries in China.
We are in the business of providing technical services and solutions via our social e-commerce platform. We are committed to providing an international cloud-based intelligence system and independently developed a micro-business cloud intelligence system called the “YCloud.” Our goal is to provide technical and auto-billing management services to micro-business online stores in China through big data analytics, machine learning mechanisms, social network recommendations, and multi-channel data analysis.
We provide technology services to both individual and corporate users. Through Yueshang Information Technology (Beijing) Limited, or Yueshang Beijing, we provide access to (the) “YCloud” to our customers.
As of the date of this prospectus, our customers are Beijing Yidong Linglong Cultural Media Co., Ltd (“Beijing Yidong”), a PRC media and internet company, Beijing Maitu International Travel Agency Co., Ltd (“Maitu International”), a PRC tourism company, Beijing Youth Travel Service Co., Ltd (“Beijing Youth Travel”), a cross-regional comprehensive tourism group, Zhuozhou Weijiafu Information Technology Limited (“Weijiafu”), a PRC technology company, and Changtongfu Technology (Hainan) Co Limited (“Changtongfu”), a PRC technology company and a related party. These customers then provide “YCloud” services to individual and corporate business owners in the hotel and travel industries.
The main functions of the YCloud system are to manage users’ marketing relationships, CPS commission profit management, multi-channel data statistics, AI fission and management, and improved supply chain systems.
Currently, YCloud serves the micro business industry, tourism, hospitality and short video. We expect to expand the application of YCloud to livestreaming, medical beauty and traditional retail industries.
(Note: WeTrade Group Inc. announced its NASDAQ uplisting and priced its public offering on July 18, 2022, at $4.00 – the bottom of its $4.00-to-$6.00 range – on the full 10.0 million shares in its prospectus to raise $40.0 million.)
|Industry:||Services - Business Services (E-Commerce SaaS)|
|Address||No 1 Gaobei South Coast, Yi An Men 111 Block 37, Chao Yang District, Beijing City, People Republic of China 100020|
|View Prospectus:||WeTrade Group Inc.|
|Revenues||$13.84 mil (last 12 months)|
|Net Income||$5.09 mil (last 12 months)|
|Price range||$4.00 - $4.00|
|Est. $ Volume||$40.0 mil|
|Manager / Joint Managers||Univest Securities|
|Expected To Trade:||7/19/2022|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|