CEOs of Alibaba, Peak Fintech, Logiq and eBay discuss new global growth opportunities
NEW YORK, Oct. 27, 2020 (GLOBE NEWSWIRE) — Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest commentary and insights from executives at: Alibaba Group Holdings (NYSE: BABA), Logiq (OTC: LGIQ), Peak Fintech (OTC: PKKFF) (CSE: PKK) and eBay (NASDAQ: EBAY).
Jamie Iannone, CEO of eBay, Inc. (NASDAQ: EBAY): “A clear vision to realize eBay’s tremendous untapped potential.” https://bit.ly/3g3VUlw
Peak Fintech Group (OTC:PKKFF) (CSE:PKK) CEO Johnson Joseph: “China’s fintech revenue poised to explode” VIDEO: https://bit.ly/3mrzZIt
Daniel Zhang, CEO of Alibaba Group Holdings (NYSE: BABA): “Big Growth Opportunities in Cloud and Southeast Asia” https://bit.ly/3dZ8vXT
Brent Suen, President of Logiq, Inc. (OTC: LGIQ): “Fintech/Ecomm in Southeast Asia Shows 10x Upside” VIDEO: https://bit.ly/31Ice7d
Daniel Zhang, CEO of Alibaba Group Holdings (NYSE: BABA): “Big Growth Opportunities in Cloud and Southeast Asia”
In the recent conference call, Alibaba CEO Daniel Zhang highlighted the Alibaba Cloud and expansion in Southeast Asia as key new areas of growth:
Cloud Opportunities: “…The pandemic is accelerating demand for cloud infrastructure and services. According to the latest report from IDC, Alibaba Cloud maintained its position as the largest public cloud service provider in China, which is a testament to the strengthening of Alibaba Cloud’s market leadership. In the June quarter, our cloud computing revenue grew 59% year over year in sectors like internet, financial services, retail and public services. Alibaba Cloud not only provides infrastructure as a service, but also develops industry-specific technology and business solutions to meet our customers’ real-world application needs… the Chinese cloud market will range somewhere between $15 billion and $20 billion, and the US market is about 8x as big. So the Chinese market is still at a very early stage…”
Southeast Asia Strategic Growth Priority: “… The Southeast Asian market is our strategic priority for Alibaba’s globalization strategy… The pandemic has had a significant impact on many Southeast Asian countries and has turned many consumers into online shoppers. We believe that the increasing adoption of online shopping will be beneficial for healthy growth of the e-commerce industry in the region in the long-term… And I think if we look at the operation of our Lazada, we expect that we will have a More technology-oriented, AI-driven sustainable management. In fact, today the competition in this market is very extensive, and people are investing and even certifying the buyers, sellers, even the shipping costs, trying to achieve the short-term growth. But we firmly believe that we need to build a long-term, sustainable business, and so our advantage is first of all in Alibaba technology infrastructure and especially our experience and know-how and technologies in AI and in search and recommendation as well the provision and demand-match mechanism…”
Alibaba (NYSE: BABA) Q1 2021 Earnings Call Highlights: https://bit.ly/3dZ8vXT
Brent Suen, President of Logiq, Inc. (OTC: LGIQ): “Fintech/Ecomm in Southeast Asia with 10x upside potential”
NEXT SUPER STOCK, Logiq, Inc (formerly Weyland Tech) (OTC: LGIQ) conference moderator, President Brent Suen, recently spoke to the Wall Street Reporter’s investor audience about LGIQ’s latest developments, including the acquisition of an AI technology company , accelerating revenue growth at a $40 million run rate, new fintech partnerships in the booming Indonesian market, and plans for a NYSE uplisting. Brent also explained why LGIQ has compelling upside potential when comparing valuation multiples, which is just a fraction of its e-commerce/fintech peers like SHOP, SE, STNE and JMIA, which trade at 30x sales.
Watch the LGIQ Next Super Stock live stream video: https://bit.ly/31Ice7d
Click here for the NEXT SUPERSTOCK livestream: https://bit.ly/2PX0SpH
Johnson Joseph, CEO of Peak Fintech Group (OTC:PKKFF) (CSE:PKK): “China’s fintech revenues are skyrocketing”
Johnson Joseph, CEO of NEXT SUPER STOCK conference, Peak Fintech Group (OTC:PKKFF) (CSE: PKK), recently spoke to Wall Street Reporter’s investor audience about PKKFF’s fast-growing Chinese fintech business, the small and medium-sized enterprise with commercial lending solutions. Joseph explained how Peak Fintech has already gained significant traction, generating over $7.2 million in revenue in quarter 2020 and is now poised to begin scaling revenue as it expands into new markets in the coming months.
Watch the PKKFF Next Super Stock live stream video: https://bit.ly/3mrzZIt
October 20 – PKKFF signed an exclusive agreement with the parent company of national consumer electronics distributor Beijing Dianjing Company Ltd. (“BDC”) to provide financing solutions to BDC’s 60,000 online retail customers.
BDC is a consumer electronics wholesaler whose online retail customers sell laptops, smartphones and other consumer electronics products on China’s top three e-commerce portals: Tmall, JD.com and Pinduoduo. BDC’s customers, who collectively sell approximately $50 billion worth of consumer electronics annually, can finance up to 90% of the price of the products they buy from BDC. Peak typically earns service fees between 1% and 3% of the value of the loan amounts it facilitates, and this represents a total market opportunity of up to $1.35 billion in annual revenue potential.
Click here to join the NEXT SUPER STOCK live stream: https://bit.ly/2PX0SpH
Jamie Iannone, CEO of eBay, Inc. (NASDAQ: EBAY): “A clear vision to realize eBay’s tremendous untapped potential.”
“…Consumer behavior is evolving rapidly, and this momentum has been accelerated by COVID-19, contributing to significant volume acceleration and new customer acquisition. This resulted in a very strong quarter, beating the recently upgraded expectations we shared in early June… Volume was strong across most major markets in the Marketplace business, growing 29%, our highest quarterly growth rate in 15 years. We also added approximately 8 million more buyers to bring the annual active buyer base to 182 million.”
“Our quest to become the best global marketplace was built with customers at the center, and a recognition of the driving force behind our success has been our technology leadership. That’s why the entire eBay team is focused on three key priorities to deliver on the vision: First, to create compelling next-generation experiences for our enthusiasts. Second is to become the partner of choice for our sellers and third is to foster lifelong, trusting relationships with buyers. We plan to modernize and simplify the experience to increase purchase frequency, using AI teams to remove friction throughout the buying process… We are expanding our capabilities in AI, data science and computer vision.”
“…We have a clear vision to realize eBay’s enormous untapped potential. This will be a multi-year process and will require investment, but through a technology-enabled redesign, our plan is to become the best marketplace in the world for buyers and sellers.”
eBay (NASDAQ:EBAY) Earnings Call Highlights available at: https://bit.ly/3g3VUlw
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