NEW YORK, Oct. 20, 2020 (GLOBE NEWSWIRE) — Wall Avenue Reporter, the trusted identify in monetary information since 1843, has revealed experiences on the most recent feedback and insights from leaders at: Sea Restricted (NYSE: SE), Logiq (OTC: LGIQ), Peak Fintech (OTC: PKKFF) (CSE: PKK), and Pinduoduo (NASDAQ: PDD).
Accelerating digital transformation in Asia is driving explosive progress alternatives in sectors as various as fintech, agriculture, esports, and ecommerce. Wall Avenue Reporter highlights the most recent feedback from trade thought leaders:
Sea Restricted (NYSE: SE) Forrest Li, Chairman and Group CEO “Firing on All Cylinders” https://bit.ly/2FOjWoC
Peak Fintech Group (OTC:PKKFF) (CSE: PKK) CEO Johnson Joseph: “China Fintech Revenues Able to Explode” https://bit.ly/3maNi01
Logiq, Inc. (OTC: LGIQ) President, Brent Suen: “The Shopify of Cellular in SE Asia w $40+ mil Revenues Run Price” https://bit.ly/3g9H0Km
Pinduoduo Inc. (NASDAQ: PDD) David Liu, VP Technique: “Digital Transformation of Agriculture is RMB 1 Trillion Alternative” https://bit.ly/2FNBmSg
Sea Restricted (NYSE: SE) Forrest Li, Chairman and Group CEO “Firing on All Cylinders”
“…We’re shifting into the second half of 2020 firing on all cylinders. Every of our companies is efficiently adapting to seize the speedy progress alternative in entrance of us. Every of them can also be ideally positioned for the long-term with a major runway forward…We noticed sustained and rising person engagement throughout our platforms via the second quarter and past. And this provides us additional confidence that the speedy shift to digital life is actually a everlasting and irreversible change that can drive vital progress alternatives for Sea over the long run.”
“…Garena had one other glorious quarter and achieved a number of historic highs. We reached extra folks than ever earlier than, with near 500 million energetic customers across the globe taking part in Garena video games through the quarter. That represents a rise of 61% year-on-year. As we rolled out extra new content material than ever to entertain and interact our customers, our paying person ratio improved additional to hit 10%. Our quarterly paying person quantity grew at a really sturdy price of 91% year-on-year to succeed in 49.9 million.”
“…Shopee recorded accelerated progress throughout key metrics and in every of our markets, as extra shoppers and sellers turned to Shopee as their go-to buying and promoting vacation spot…shoppers and sellers in our area who’re embracing e-commerce at an unprecedented tempo…Within the second quarter, we recorded accelerated progress in gross orders, which elevated by 150% year-on-year to succeed in 615.9 million in comparison with 111% within the first quarter… In Indonesia, our largest market, our year-on-year progress price when it comes to orders additional accelerated. We recorded over 260 million orders for the market within the second quarter, or a every day common of over 2.8 million orders, a rise of over 130% year-on-year.”
“SeaMoney additional accelerated progress within the second quarter. Accelerating digitalization is driving elevated wants for fast and handy on-line and contactless fee choices, in addition to different digital monetary companies… SeaMoney’s focus continues to be leveraging on Sea’s strategic management positions in a few of the largest use instances for digital funds in e-commerce and digital leisure….cell pockets whole fee quantity elevated to greater than $1.6 billion for the second quarter in comparison with greater than $1 billion within the first quarter…We see vital progress forward within the digital funds and digital monetary companies section, pushed by the speedy enlargement of the digital financial system in our area…We are going to proceed to take a position effectively in scaling up the SeaMoney enterprise to solidify our management place throughout our markets.”
Sea Restricted (NYSE: SE) Q2 2020 Earnings Name Highlights: https://bit.ly/2FOjWoC
Logiq, Inc. (OTC: LGIQ) President, Brent Suen: “The Shopify of Cellular in SE Asia ”w $40+ mil Revenues Run Price”
NEXT SUPER STOCK convention presenter Logiq, Inc (previously Weyland Tech) (OTC: LGIQ) President Brent Suen lately spoke with Wall Avenue Reporter’s investor viewers about LGIQ’s newest developments, together with the acquisition of an AI expertise firm, accelerating income progress with a run-rate of $40 million, new fintech partnerships within the booming Indonesia market, and plans for NASDAQ uplisting. Brent additionally defined why LGIQ has compelling upside, when evaluating valuation multiples, which is only a fraction of its friends within the e-commerce/fintech house corresponding to SHOP, SE, STNE, and JMIA, which commerce at 30X revenues.
Watch LGIQ Subsequent Tremendous Inventory livestream video: https://bit.ly/3g9H0Km
Click on right here to affix LGIQ NEXT SUPER STOCK livestream October 21: https://bit.ly/2PX0SpH
Peak Fintech Group (OTC:PKKFF) (CSE: PKK) CEO Johnson Joseph: “China Fintech Revenues Able to Explode”
NEXT SUPER STOCK convention presenter Peak Fintech Group (OTC:PKKFF) (CSE: PKK) CEO Johnson Joseph, lately spoke with Wall Avenue Reporter’s investor viewers about PKKFF quick rising China fintech enterprise which serves connects small-medium enterprise with business lending options. Joseph defined how Peak Fintech has already gained vital traction, producing over C$7.2 million income in Q 2020, and is now prepared to start out scaling revenues because it enters new markets in coming months.
Watch PKKFF Subsequent Tremendous Inventory livestream video: https://bit.ly/3maNi01
October 20 – PKKFF signed an unique settlement with the mum or dad firm of nationwide client electronics distributor Beijing Dianjing Firm Ltd. (“BDC”) to convey financing options to BDC’s 60,000 on-line retail purchasers.
BDC is a wholesale distributor of client electronics whose on-line retail purchasers promote laptops, smartphones and different client digital merchandise on China’s prime three e-commerce portals: Tmall, JD.com and Pinduoduo. BDC’s purchasers, who collectively promote about $50B price of client electronics per yr, will have the ability to have as much as 90% of the value of the merchandise they buy from BDC financed. Peak sometimes earns service charges starting from 1% to three% of the worth of the credit score quantities it helps facilitate, and this represents a complete market alternative of as much as $1.35B in annual income potential.
Click on right here to affix PKKFF NEXT SUPER STOCK livestream October 21: https://bit.ly/2PX0SpH
Pinduoduo Inc. (NASDAQ: PDD) David Liu, VP Technique: “Digital Transformation of Agriculture is RMB 1 Trillion Alternative”
“…We have now efficiently constructed a person base of almost 600 million in document time…Our common every day parcel quantity accounts for about 25% of China’s every day parcel cargo. Nevertheless, when it comes to common spending per energetic patrons, we nonetheless see substantial upside potential…We plan to pursue extra strategic funding and partnership alternatives that can enable us to speed up digitization of our provide chain and improve effectivity and values that may very well be shared with our shoppers. Specifically, we began our enterprise in agriculture and we plan to proceed our focus in agriculture as our subsequent strategic precedence. Agriculture is a sector that touches largest variety of folks and but has had the least quantity of digitization up to now decade.”
“…Whole addressable market in 2019 for PBOC agricultural items gross sales in China was RMB 8.1 trillion, with lower than 7% of those gross sales going down on-line. In distinction, the net penetration for bodily items in whole was 23% in 2019….Pinduoduo is already one of many main e-commerce platforms for agriculture. In 2019, we generated RMB136.4 billion or 13.6% of our GMV from agriculture produce and associated items…Any expertise that may enhance productiveness and effectivity of an agricultural worth chain may have a big impact…We’re uniquely positioned to drive tendencies in China’s agriculture system. ..Our purpose is to additional consolidate our place as China’s primary on-line agriculture platform and to construct a worldwide presence in agriculture…We count on to proceed gaining market share in agriculture and we see potential for our agriculture GMV to exceed RMB 1 trillion in 5 years.”
Pinduoduo Inc. (NASDAQ: PDD) Earnings Name Highlights: https://bit.ly/2FNBmSg
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