$WEYL NEW YORK, Feb. 24, 2020 (GLOBE NEWSWIRE) -- Weyland

New Post Public Reply Private Reply Replies (0) Message Board
Lets Roll
136
$WEYL NEW YORK, Feb. 24, 2020 (GLOBE NEWSWIRE) -- Weyland Tech, Inc. (WEYL), a leading global provider of mCommerce platform-as-a-service (PaaS), eCommerce managed services and fintech solutions, is preparing to launch its CreateApp mobile commerce platform-as-a-service in Italy.

The availability of CreateApp will allow the more than 172,000 small businesses across the country to easily establish and manage their mobile presence. To support the launch, Weyland has partnered with Medias-Com’S SA, a Swiss company specializing in media and communication.

Medias-Com’S will be joined by Infomaniak, one of the leading web solutions companies in Switzerland. Founded in 1994, Infomaniak has more than 130 employees and annual revenue of 25 million euros. Also partnered with Medias-Com'S for the campaign is Proteus, a leading IT company that provides Internet access and eCommerce applications to businesses across Italy.

“Italian small businesses have been grossly underserved in terms of mobile solutions, and we have found CreateApp to be an ideal solution for any business looking to create a mobile app to promote its product or services,” commented Paolo Tozzini, owner and manager of Proteus. “Unlike anything else we’ve seen on the market, CreateApp enables business managers to easily create and deploy native mobile applications without technical knowledge or background. With CreateApp, they can finally leverage the power of mobile to increase sales, reach more customers, manage logistics and conduct financial transactions in a simple, affordable and highly efficient way.”

CreateApp will be offered under the brand name, Medias-ComApps, with initial pricing set at 25-110 euros per month. It will include a business exchange platform for Asia-based companies to conduct cross-border business. The exchange will feature a unique on-the-fly language translation capability for B2B and B2B2C members interacting and engaging in e-Commerce via the platform.

First launched in Southeast Asia, CreateApp has attracted a large user following, growing 47 percent over the last year to more than 360,000. The launch in Italy follows the company’s entry into Taiwan in association with Line Corp., and in the U.S. through its recent acquisition of Minneapolis-based Push Interactive.

“Entering the Italian small business market with a premium partner like Medias-Com’S represents another major step in plans for global expansion,” commented Weyland CEO, Brent Suen. “It also highlights the highly-scalable, low-capex nature of our platform, with localized features that can be supported by regional partners. As our partnership with Medias-Com'S develops, we see our CreateApp platform being offered in Germany, France, Switzerland and the Benelux region.”

According to Statista, Italy has one of the largest e-Commerce markets in Europe that is expected to grow nearly two-fold, from $12.3 billion in 2017 to $24.1 billion by 2023. Key factors driving this growth include greater Internet penetration and the growth in the number of mobile users. Mobile shopping has also gathered significant momentum in the country, with nearly 31% of all e-Commerce B2C sales transacted via mobile.

Weyland’s recent acquisition of Push Interactive is expected to also provide specialized lead-generation tools for Italian small businesses to increase their online sales. Push Interactive’s direct-to-consumer eCommerce platform provides an end-to-end solution for enterprises and major U.S. brands that include HomeAdvisor, QuinStreet and Sunrun.

“There are many exciting opportunities to add features and enhancements to CreateApp as provided by Push Interactive and our comprehensive suite of eCommerce products and services,” added Suen, “with this all helping to drive expansion of our recurring, high-margin revenue stream over the coming quarters.”

https://www.marketwatch.com/press-release/wey...quote_news
Consider all my posts my opinion and not advice to buy or sell anything. I post on stocks I own or am considering owning. Do your own DD!
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Top 5 Most Recently Viewed Articles

IVD Reagents Market Growth Expected to Reach $55.3 Billion

Updated Category News Views 120

Growth Forecast for the IVD Reagents Market The global In Vitro Diagnostic (IVD) reagents market is on an impressive trajectory to reach nearly USD 55.3 billion by 2029. The demand for IVD reagents has surged, driven by numerous factors such as a rising prevalence of chronic and infectious diseases, alongside a growing emphasis on preventive healthcare. In 2022, the IVD...

Continue Reading
Cayuga Centers Expands Leadership Team with New Appointments

Updated Category News Views 235

Exciting Growth at Cayuga Centers With New Board Members Cayuga Centers is thrilled to announce the welcoming of nine new members to its Board of Trustees. This addition of distinguished professionals promises to enhance the agency's leadership and the resources it employs to support children, youth, and families across the nation. Each of these new board members brings a...

Continue Reading
Elements Massage Celebrates Skin Care Awareness Month with Tips

Updated Category News Views 204

Elements Massage Celebrates National Skin Care Awareness Month As National Skin Care Awareness Month comes to an end, Elements Massage, the nation's leading massage therapy concept, is highlighting skincare and wellness. Innovative Skincare Services Elements Massage has introduced enhanced skincare services in collaboration with Sanitas Skincare. This partnership marks...

Continue Reading
The Growth Journey of Danaher Stock Over the Past Decade

Updated Category News Views 106

Understanding Danaher's Stock Growth Danaher Corporation (NYSE: DHR) has consistently demonstrated robust performance in the stock market. With an average annual return of 13.82%, it has outpaced the market by 1.08% over the past decade. Currently, Danaher boasts a commendable market capitalization of $163.05 billion. Investment Insight: What If You Invested $100? Let’s...

Continue Reading
Matthew A. Cartwright Returns to Munley Law to Elevate Advocacy

Updated Category News Views 197

Matthew A. Cartwright Rejoins Munley Law as Of Counsel The six-term Congressman brings decades of legal expertise and legislative accomplishments back to the Pennsylvania personal injury law firm. MUNLEY Law is excited to announce the return of former U.S. Representative Matthew A. Cartwright as Of Counsel. Following a commendable 12 years in Congress, Cartwright brings a...

Continue Reading