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Logiq, Inc. (WEYL)

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6.76-0.02 (-0.29%)
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Previous Close6.78
Open6.25
Bid0.00 x 0
Ask0.00 x 0
Day's Range6.18 - 6.80
52 Week Range0.33 - 10.89
Volume53,244
Avg. Volume70,746
Market Cap94.533M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateMay 15, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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  • GlobeNewswire

    Digital Transformation in Asia: CEOs of Sea Limited, Logiq, Peak Fintech, and Pinduoduo Discuss Growth Opportunities in Fintech, E-Commerce & E-Sports

    NEW YORK, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Sea Limited (NYSE: SE), Logiq (OTC: LGIQ), Peak Fintech (OTC: PKKFF) (CSE: PKK), and Pinduoduo (NASDAQ: PDD).Accelerating digital transformation in Asia is driving explosive growth opportunities in sectors as diverse as fintech, agriculture, esports, and ecommerce. Wall Street Reporter highlights the latest comments from industry thought leaders:Sea Limited (NYSE: SE) Forrest Li, Chairman and Group CEO “Firing on All Cylinders” https://bit.ly/2FOjWoCPeak Fintech Group (OTC:PKKFF) (CSE: PKK) CEO Johnson Joseph: “China Fintech Revenues Ready to Explode” https://bit.ly/3maNi01Logiq, Inc. (OTC: LGIQ) President, Brent Suen: “The Shopify of Mobile in SE Asia w $40+ mil Revenues Run Rate” https://bit.ly/3g9H0KmPinduoduo Inc. (NASDAQ: PDD) David Liu, VP Strategy: “Digital Transformation of Agriculture is RMB 1 Trillion Opportunity” https://bit.ly/2FNBmSgSea Limited (NYSE: SE) Forrest Li, Chairman and Group CEO “Firing on All Cylinders” “...We are moving into the second half of 2020 firing on all cylinders. Each of our businesses is successfully adapting to capture the immediate growth opportunity in front of us. Each of them is also ideally positioned for the long-term with a significant runway ahead...We saw sustained and growing user engagement across our platforms through the second quarter and beyond. And this gives us further confidence that the rapid shift to digital lifestyles is in fact a permanent and irreversible change that will drive significant growth opportunities for Sea over the long term.”“...Garena had another excellent quarter and achieved several historical highs. We reached more people than ever before, with close to 500 million active users around the globe playing Garena games during the quarter. That represents an increase of 61% year-on-year. As we rolled out more new content than ever to entertain and engage our users, our paying user ratio improved further to hit 10%. Our quarterly paying user number grew at a very strong rate of 91% year-on-year to reach 49.9 million.”“...Shopee recorded accelerated growth across key metrics and in each of our markets, as more consumers and sellers turned to Shopee as their go-to shopping and selling destination...consumers and sellers in our region who are embracing e-commerce at an unprecedented pace…In the second quarter, we recorded accelerated growth in gross orders, which increased by 150% year-on-year to reach 615.9 million compared to 111% in the first quarter… In Indonesia, our largest market, our year-on-year growth rate in terms of orders further accelerated. We recorded over 260 million orders for the market in the second quarter, or a daily average of over 2.8 million orders, an increase of over 130% year-on-year.”“SeaMoney further accelerated growth in the second quarter. Accelerating digitalization is driving increased needs for quick and convenient online and contactless payment options, as well as other digital financial services... SeaMoney's focus continues to be leveraging on Sea's strategic leadership positions in some of the largest use cases for digital payments in e-commerce and digital entertainment….mobile wallet total payment volume increased to more than $1.6 billion for the second quarter compared to more than $1 billion in the first quarter...We see significant growth ahead in the digital payments and digital financial services segment, driven by the rapid expansion of the digital economy in our region...We will continue to invest efficiently in scaling up the SeaMoney business to solidify our leadership position across our markets.”Sea Limited (NYSE: SE) Q2 2020 Earnings Call Highlights: https://bit.ly/2FOjWoCLogiq, Inc. (OTC: LGIQ) President, Brent Suen: “The Shopify of Mobile in SE Asia ”w $40+ mil Revenues Run Rate”NEXT SUPER STOCK conference presenter Logiq, Inc (formerly Weyland Tech) (OTC: LGIQ) President Brent Suen recently spoke with Wall Street Reporter’s investor audience about LGIQ’s latest developments, including the acquisition of an AI technology company, accelerating revenue growth with a run-rate of $40 million, new fintech partnerships in the booming Indonesia market, and plans for NASDAQ uplisting. Brent also explained why LGIQ has compelling upside, when comparing valuation multiples, which is just a fraction of its peers in the e-commerce/fintech space such as SHOP, SE, STNE, and JMIA, which trade at 30X revenues.Watch LGIQ Next Super Stock livestream video: https://bit.ly/3g9H0KmClick here to join LGIQ NEXT SUPER STOCK livestream October 21: https://bit.ly/2PX0SpHPeak Fintech Group (OTC:PKKFF) (CSE: PKK) CEO Johnson Joseph: “China Fintech Revenues Ready to Explode”NEXT SUPER STOCK conference presenter Peak Fintech Group (OTC:PKKFF) (CSE: PKK) CEO Johnson Joseph, recently spoke with Wall Street Reporter’s investor audience about PKKFF fast growing China fintech business which serves connects small-medium business with commercial lending solutions. Joseph explained how Peak Fintech has already gained significant traction, generating over C$7.2 million revenue in Q 2020, and is now ready to start scaling revenues as it enters new markets in coming months.Watch PKKFF Next Super Stock livestream video: https://bit.ly/3maNi01October 20 - PKKFF signed an exclusive agreement with the parent company of national consumer electronics distributor Beijing Dianjing Company Ltd. ("BDC") to bring financing solutions to BDC's 60,000 online retail clients.BDC is a wholesale distributor of consumer electronics whose online retail clients sell laptops, smartphones and other consumer electronic products on China's top three e-commerce portals: Tmall, JD.com and Pinduoduo. BDC's clients, who collectively sell about $50B worth of consumer electronics per year, will be able to have up to 90% of the price of the products they purchase from BDC financed. Peak typically earns service fees ranging from 1% to 3% of the value of the credit amounts it helps facilitate, and this represents a total market opportunity of up to $1.35B in annual revenue potential.Click here to join PKKFF NEXT SUPER STOCK livestream October 21: https://bit.ly/2PX0SpHPinduoduo Inc. (NASDAQ: PDD) David Liu, VP Strategy: “Digital Transformation of Agriculture is RMB 1 Trillion Opportunity”“...We have successfully built a user base of nearly 600 million in record time...Our average daily parcel volume accounts for approximately 25% of China's daily parcel shipment. However, in terms of average spending per active buyers, we still see substantial upside potential...We plan to pursue more strategic investment and partnership opportunities that will allow us to accelerate digitization of our supply chain and enhance efficiency and values that could be shared with our consumers. In particular, we started our business in agriculture and we plan to continue our focus in agriculture as our next strategic priority. Agriculture is a sector that touches largest number of people and yet has had the least amount of digitization in the past decade.”“...Total addressable market in 2019 for PBOC agricultural goods sales in China was RMB 8.1 trillion, with less than 7% of these sales taking place online. In contrast, the online penetration for physical goods in total was 23% in 2019....Pinduoduo is already one of the leading e-commerce platforms for agriculture. In 2019, we generated RMB136.4 billion or 13.6% of our GMV from agriculture produce and related goods...Any technology that can improve productivity and efficiency of an agricultural value chain will have a huge impact...We are uniquely positioned to drive trends in China's agriculture system. ..Our aim is to further consolidate our position as China's number one online agriculture platform and to build a worldwide presence in agriculture...We expect to continue gaining market share in agriculture and we see potential for our agriculture GMV to exceed RMB 1 trillion in 5 years.”Pinduoduo Inc. (NASDAQ: PDD) Earnings Call Highlights: https://bit.ly/2FNBmSgWALL STREET REPORTERWall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO's of promising, publicly-traded companies, and market experts. www.WallStreetReporter.comAbout Wall Street Reporter’s Next Super Stock conference:Wall Street Reporter's NEXT SUPER STOCK Live! conference is dedicated to featuring select companies that have near-term catalysts in place which can drive transformational growth (and stock appreciation) in the months ahead. Click here to join next livestream event: https://www.wallstreetreporter.com/next-superstock-online-investor-conference/CONTACT:WALL STREET REPORTER(212) 871-2057 ext 7www.WallStreetReporter.com

  • Logiq Applies to List on NEO Exchange
    GlobeNewswire

    Logiq Applies to List on NEO Exchange

    NEW YORK, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ), a global provider of award-winning eCommerce and Fintech solutions, has initiated the application process to have the company’s common shares listed on the NEO Exchange (NEO), Canada's next-generation stock exchange. Upon approval for trading on the NEO, Logiq’s common shares would continue to be traded in the U.S. on the OTCQX Market as LGIQ. A listing on the NEO, which is subject to Logiq fulfilling NEO’s listing requirements, also presents an opportunity to eventually move U.S. trading to the NYSE American and become dual-listed on recognized exchanges in both Canada and the U.S.“As a global, fast-growing company, a listing on NEO presents a tremendous opportunity to increase awareness of Logiq in the North American investment community,” stated Brent Suen, executive chairman and president of Logiq. “As a senior stock exchange, the NEO is a leading-edge platform that exemplifies how technology for exchange trading can be utilized to broaden investor confidence, improve liquidity and gain global exposure.”“As a relatively new exchange, NEO’s innovative and investor-first approach to trading represents the next evolution in capital markets,” added Suen. “Its enterprising spirit resonates with our company’s own evolution from primarily an eCommerce services company to a leading innovator of data-driven consumer intelligence and marketing technology.”Over the last year, Logiq acquired a leading e-Commerce platform, formed major industry partnerships and expanded its global presence. Its offerings now extend from mobile commerce and fintech solutions for micro-, small- and medium-sized businesses (MSMBs) to AI-powered customer acquisition for major enterprises and brands.The company’s customer relationships now range from hundreds of thousands of MSMBs around the world to publicly traded Fortune 500 companies, with marquee U.S. customers that include Home Advisor, QuinStreet and Sunrun. It expects to end 2020 with record revenue exceeding $38 million, with margins expanding across all business segments.Logiq is in the process of engaging a Canadian banking advisor for the company’s listing on NEO, and plans to provide updates regarding the process and timing of the NEO listing over the next few weeks.There can be no assurance that the company will satisfy all applicable requirements for listing its stock on the NEO or that its application for listing will be approved.About Logiq Logiq, Inc. (OTCQX: LGIQ) is a U.S.-based leading global provider of eCommerce, mCommerce, and fintech business enablement solutions. Its AppLogiq™ platform-as-a-service enables small-and-medium sized businesses worldwide to easily create and deploy a native mobile app for their business without technical knowledge or background. AppLogiq empowers businesses to reach more customers, increase sales, manage logistics, and promote their products and services in an easy, affordable, and highly efficient way. AppLogiq is offered in 14 languages across 10 countries and three continents, including some of the fastest-growing emerging markets in Southeast Asia. The company’s subsidiary, DataLogiq, provides a data-driven, end-to-end eCommerce marketing solution for enterprises and major U.S. brands, including Home Advisor, QuinStreet and Sunrun. Its AI-powered LogiqX™ data engine delivers valuable consumer insights that enhance the ROI of online marketing spend. The company’s PayLogiq™ offers mobile payments, and GoLogiq™ offers hyper-local food delivery services. For more information about Logiq, go to Logiq.com. Forward-Looking Disclaimer This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. Logiq cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on Logiq 's current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by Logiq or its affiliates that any of its plans or expectations will be achieved. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in Logiq’s business, including, without limitation: the fitness of Logiq’s products and services for a particular application or market, expectations of future events, business trends, financial results, and/or business transactions that may not be consummated or realized, as well as other risks described in Logiq’s prior press releases and in its filings with the Securities and Exchange Commission (“SEC”), including under the heading "Risk Factors" in Logiq’s Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and Logiq undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.Company Contact Brent Suen, President Logiq, Inc. Email contactMedia & Investor Contact Ronald Both or Grant Stude CMA Investor & Media Relations Tel (949) 432-7566 Email contact

  • GlobeNewswire

    Emerging Markets Report: Board Approval

    An Emerging Markets News Commentary ORLANDO, Fla., Oct. 15, 2020 (GLOBE NEWSWIRE) -- Rarely is an investor an expert in the field in which they’ve invested. Sure, every now and then a deal in an area where you might have expertise comes along and you can apply your own analysis but those are few and far between.And at the small and microcap level where unpaid research is also exceedingly unusual you also have little to rely on to truly consider the prospects for an emergent public company.But we do believe there is a partial substitute… the Company’s Board of Directors.A quality Board of Directors does a myriad of things. It provides oversight, accountability, confidence, relationships, and for us, some real validation of the business itself.Weyland Tech (OTCQX: WEYL), now Logiq, Inc. (OTCQX:LGIQ), has just made an appointment to its Board of Directors that should inspire some measure of confidence among the shareholder base. The rapidly growing global provider of award-winning eCommerce and Fintech solutions, has appointed Josh Jacobs to its board of directors. As a new independent director, his appointment increases the board to seven members, with four serving independently.Jacobs is a heavyweight addition.Jacobs is a highly accomplished technology executive with 30 years of innovation in digital media and advertising, sales and marketing, and strategic business and consumer product development. A noted pioneer in the programmatic media-buying industry, he has held senior level executive roles at several top technology companies on a global scale.His resume is full of major players including Maven, a leading media platform for digital publishers whereas president and executive chair, he led the company through the acquisition and integration of four media companies that included Sports Illustrated, Hub Pages, Say Media, and TheStreet featuring Jim Cramer. Within three years, Maven grew from a startup to a market leading platform serving over 110 million readers monthly and generating more than $100 million in revenue. He presently serves on the company’s board of directors.And that’s just one stop on a star-crossed curriculum vitae. Take a look at the rest.It’s this experience that should be affirming to followers of Logiq. Jacobs simultaneously brings a wealth of experience and relationships to Logiq while validating the Company’s business plan. It seems safe to assume that an executive of Jacobs’ standing possesses the inherent expertise to assess the Logiq opportunity and then decide to lend his name et al to the cause.Jacobs joins an independent Board list that includes some talent rarely found at small companies.Matthew Burlage, former head of Lehman Asia, responsible for taking the first China internet companies to IPO in the US such as Sina.com, Sohu.com, Netease and Focus Media. All multi-billion dollar market cap companies. Burlage also acted as special advisor to $660 billion dollar market cap Tencent Holdings (TCEHY) on M&A ex-China.Brett Lay, President of RTI Cable www.rticable.com an undersea cable network from Japan to Guam to Australia , funded by Google, NTT, NEC and a number of other Fortune Global 500 companies. Prior to RTI Cable, Lay was CFO at Pacnet, acquired by Telstra for $700 million.Ross O’Brien, former head of The Economist Corporate Network and telecom advisor to major Asian telco’s for 25 years.If the independent Board directors felt strongly enough to join Logiq and certainly did their due diligence, then it makes an individual investors’ due diligence that much easier to do.For a company that just recently announced that it’s expecting record revenues in excess of $38 million, Jacobs’ timing couldn’t be better.For more information, visit weyland-tech.com.For more informative reports such as this, please sign up at http://www.emergingmarketsllc.com/newsletter.phpAbout Logiq Logiq, Inc. (OTCQX: LGIQ) is a U.S.-based leading global provider of eCommerce, mCommerce, and fintech business enablement solutions. Its AppLogiq™ platform-as-a-service enables small-and-medium sized businesses worldwide to easily create and deploy a native mobile app for their business without technical knowledge or background. AppLogiq empowers businesses to reach more customers, increase sales, manage logistics, and promote their products and services in an easy, affordable, and highly efficient way. AppLogiq is offered in 14 languages across 10 countries and three continents, including some of the fastest-growing emerging markets in Southeast Asia. The company’s subsidiary, DataLogiq, provides a data-driven, end-to-end eCommerce marketing solution for enterprises and major U.S. brands, including Home Advisor, QuinStreet and Sunrun. Its AI-powered LogiqX™ data engine delivers valuable consumer insights that enhance the ROI of online marketing spend. The company’s PayLogiq™ offers mobile payments, and GoLogiq™ offers hyper-local food delivery services. For more information about Logiq, go to Logiq.com. About The Emerging Markets Report:The Emerging Markets Report is owned and operated by Emerging Markets Consulting (EMC), a syndicate of investor relations consultants representing years of experience. Our network consists of stock brokers, investment bankers, fund managers, and institutions that actively seek opportunities in the micro and small-cap equity markets.Section 17(b) of the Securities Act of 1933 requires that any person that uses the mails to publish, give publicity to, or circulate any publication or communication that describes a security in return for consideration received or to be received directly or indirectly from an issuer, underwriter, or dealer, must fully disclose the type of consideration (i.e. cash, free trading stock, restricted stock, stock options, stock warrants) and the specific amount of the consideration. In connection therewith, EMC has received the following compensation and/or has an agreement to receive in the future certain compensation, as described below.We may purchase Securities of the Profiled Company prior to their securities becoming publicly traded, which we may later sell publicly before, during or after our dissemination of the Information, and make profits therefrom. EMC does not verify or endorse any medical claims for any of its client companies.EMC has been paid 250,000 dollars from Logiq, Inc. or various marketing services including this report. EMC does not independently verify any of the content linked-to from this editorial.http://emergingmarketsllc.com/disclaimer.phpEmerging Markets Consulting, LLC Florida Office 15701 State Road 50, Suite 205 Clermont, FL 34711 E-mail: jamespainter@emergingmarketsllc.com Web: www.emergingmarketsllc.com