BEIJING, August 16, 2022 /PRNewswire/ — WeTrade Group Inc. (“WeTrade” or the “Company”) (NASDAQ: WETG), an emerging, growing company specializing in the provision of software as a service (SAAS) and intelligent cloud systems for micro-enterprises, today announced that the Company has entered into an exclusive strategic cooperation service agreement (the “Agreement”) on August 15, 2022 with MobiLab Medical Innovatives (“MobiLab”) to launch unprecedented and globally unique Monkeypox virus test kits with insurance coverage products combined with world-renowned insurance companies. MobiLab’s mission is to provide smart solutions for individuals and businesses of all sizes, self-testing tests covering a wide range of major diseases, infections and viruses. With the CEO of MobiLab at Andrew Tang Expertise and experience gained over a 20+ year career leading innovations in over 20 countries in the insurance underwriting and health management industry, MobiLab has designed two insurance coverage products unique assurance for Monkeypox test kits:
1) Infectious disease insurance, including losses caused by infectious diseases, covering a certain percentage of hospitalization and hospitalization costs in the event that an insured person has been diagnosed with Monkeypox;
2) Emergency care in the event of hospitalization or serious illness covering the hospitalization costs related to Monkeypox.
In accordance with the agreement, MobiLab has agreed to exclusively conduct extensive introduction and coordination for WeTrade with several major global insurance companies in the United States, Europe and Asia, and helps initiate the design and structuring of unprecedented insurance products specifically covering Monkeypox virus patients who test positive with test kits distributed by WeTrade. MobiLab is committed to helping WeTrade grow in the medical field where cooperation with insurers will not only have a huge positive impact on WeTrade’s Monkeypox products, but also on WeTrade’s other products on its own platform.
Wetrade and MobiLab are committed to saving lives and creating a healthier world, delivering smart solutions to individuals and businesses of all sizes and taking pride in their unparalleled dedicated service, including self-screening testing covering a wide range of major diseases, infections, viruses, and beyond. The cooperation between WeTrade and MobiLab will bridge the gap between symptoms and solutions. The cooperation will actively grow as they go through the FDA approval process for a myriad of new home tests.
Mr. Pijun Liu, Chairman and CEO of the company, said, “Having claimed our position as a global pioneer in monkeypox disease by securing an exclusive global sales channel and $50 million order recently, we are delighted to be working with MobiLab, thanks to their groundbreaking business in self-screening testing and their strong ability to help us connect with the world’s leading insurance companies for Monkeypox test kits with combined insurance coverage products, which further consume our spearhead position in the detection and treatment of Monkeypox. We expect the one-of-a-kind insurance coverage offered by Monkeypox test kit products to bring us $100 million turnover given the considerable size of the potential market.”
About WeTrade Group Inc.
WeTrade Group Inc. is a technical service provider of SAAS and cloud intelligent system for micro-enterprises, and a pioneer in offering internationalized system in the global field of cloud intelligence of micro-enterprises and a leader, innovator and promoter of global intelligent cloud system for micro-enterprises. WeTrade Group has independently developed the intelligent cloud system for micro-enterprises (abbreviation: YCloud). YCloud empowers users’ marketing relationship and CPS commission profit management with advanced technology and big data analytics. It also helps to improve payment scenarios to increase customer revenue through multi-channel data statistics, AI fission and management as well as improve supply chain system. To date, YCloud’s business has successfully landed in the mainland China and hong kong, covering micro-enterprise industry, tourism industry, hotel industry, live broadcast and short video industry, aesthetic medical industry and traditional retail industry . For more information, please visit https://ir.wetg.group.
This press release contains information about the Company’s views on its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or from those indicated by these forward-looking statements due to a variety of factors, including, but not limited to, risks and uncertainties associated with its ability to raise additional funds, its ability to maintain and grow its business, the variability of operating results, its ability to maintain and improve its brand, its development and introduction of new products and services, the successful integration of companies, technologies and assets acquired in its portfolio of products and services, marketing and other business development initiatives, industry competition, general government regulation, economic conditions, dependence on key personnel, ability to attract , to hire and retain personnel with the necessary technical skills and experience to meet the requirements of its customers , and its ability to protect its intellectual property. The Company encourages you to consider other factors that may affect its future results in the Company’s annual reports and other filings with the Securities and Exchange Commission.
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SOURCEWeTrade Group INC