Verb's partner released their earnings this week.
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Posted On: 11/11/2021 10:50:19 AM
Verb's partner released their earnings this week. I read through the transcript and noticed a few things like China and Africa
https://docoh.com/transcript/1579823/2021Q3/NBEV
" We continue to invest in technology enhancements , such that our brand partners can use social selling seamlessly and develop multiple revenue streams, and we are continually rolling out new tools and tech to help them expand their businesses. And speaking of the expansion, we just opened up the Southern cone of Africa and will be expanding in many of the surrounding markets beginning in the fourth quarter ."
"As mentioned on the call, we have had the impact in China due to the government changes there. And we have had the impact in Japan. But as we work through those issues and we think we’re working through both of those issues there and adjusting our business models and rolling out our social selling tools in China , and integrating our businesses, including our newest business there, Aliven in Japan, we see renewed growth in those markets. Europe continues to grow well for us and as does the Americas."
If you watched one of the videos from McKinley you know he mentioned a customer was expanding even more after rolling out Verb, VerbLIVE, etc.
Not easy to break into China for a lot of reason including the ones NewAge disclosed in their earnings call.
China is also the home of Live Streaming so beyond great that they chose Verb over everything else as it certainly seems.
https://docoh.com/transcript/1579823/2021Q3/NBEV
" We continue to invest in technology enhancements , such that our brand partners can use social selling seamlessly and develop multiple revenue streams, and we are continually rolling out new tools and tech to help them expand their businesses. And speaking of the expansion, we just opened up the Southern cone of Africa and will be expanding in many of the surrounding markets beginning in the fourth quarter ."
"As mentioned on the call, we have had the impact in China due to the government changes there. And we have had the impact in Japan. But as we work through those issues and we think we’re working through both of those issues there and adjusting our business models and rolling out our social selling tools in China , and integrating our businesses, including our newest business there, Aliven in Japan, we see renewed growth in those markets. Europe continues to grow well for us and as does the Americas."
If you watched one of the videos from McKinley you know he mentioned a customer was expanding even more after rolling out Verb, VerbLIVE, etc.
Not easy to break into China for a lot of reason including the ones NewAge disclosed in their earnings call.
China is also the home of Live Streaming so beyond great that they chose Verb over everything else as it certainly seems.
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