ZHUHAI, CHINA / ACCESSWIRE / January 23, 2020 / Powerbridge Technologie Co., Ltd. (NASDAQ:PBTS) ("Powerbridge" or the "Company"), a global trade software applications and technology services provider, today announced that its Cross-Border eCommerce SaaS Service Platform has officially launched and started to process orders.
Powerbridge Cross-Border eCommerce SaaS Service Platform ("Powererbridge Cross-Border Platform") is a strategic cooperation with Macau Association of Supply Chain and Macau Chamber of Commerce of Portuguese-speaking Countries. The cooperation aims to operate Macau cross border business transactions and supply chain integration services through Powerbridge Cross-Border Platform. The cross border orders are now available with Macau Wang Gei Hang online APP. Macao Wang Gei Hang is founded since 1975 and it is the first service platform provider for cross border eCommerce in Macau.
Additionally, Powerbridge has successfully developed a cooperative partnership with one of the leading eCommerce companies in China. The partnership promotes Powerbridge Cross-Border Platform in Zhuhai Cross-Border Industrial Zone, a newly recognized cross-border servicing port.
Powerbridge CrossBorder Platform provides vastly enhanced conveniency and helps to improve cross border business activities by connecting trade participants and to provide one-stop services such as cross-border bonded warehouse service, customs declaration service, as well as logistics service and financial service to the enterprises.
What's more, Powerbridge Cross-border Pet Food Supply Chain Platform, a newly developed pet food platform by Powerbridge is successfully going on-line and has completed its first series of orders. This Platform is developed by Powerbridge and co-operates with 28 International Ltd. to take advantage of the fast-growing pet food market in China. Powerbridge Cross-border Pet Food Supply Chain Platform has expanded its operation to Ningbo Port, Weihai Port, Jiujiang Port, and Xiamen Port and is currently further expanding into the other eleven ports throughout China. The market size of Chinese pet industries has been up to 25 billion USD, which was more than the triple of the number in 2013. The predicted market size in 2023 will be approximately 68.45 billion USD.
Stewart Lor, President and Chief Financial Officer of Powerbridge Technologies, commented, "We are extremely pleased to have reached this significant milestone. This shows that our efforts in the new business segment are starting to pay off and our successful transformation into SaaS platform operations. We do expect our venture into cross border eCommerce services will bring in significant growth for the company. We wish to thank our strategic partners and their cooperation in launching our cross-border platforms and already completing transactions on our platforms."
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a provider of software applications and technology solutions and services to corporate and government customers primarily located in China. Founded in 1997, Powerbridge pioneered global trade software applications with a vision to make global trade operations easier for customers. Since inception, Powerbridge has continued to innovate and deliver solutions and services to address the changing needs of thousands of customers. Powerbridge's mission is to make global trade easier by empowering all players in the ecosystem. For more information, visit www.powerbridge.com/en
Safe Harbor Statement
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For more information, please contact:
Powerbridge Technologies Co., Ltd.
President and Chief Financial Officer
SOURCE: Powerbridge Technologie Co., Ltd.
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