On October 12th, a strategic investment agreement was signed between WOWBUY (WOWBUY App) and Singapore’s Younger Time company, marking a significant expansion of WOWBUY’s presence into the Laotian e-commerce market. The signing ceremony took place at the WOWBUY headquarters in Phnom Penh, Cambodia. This development signifies the third country to be targeted in WOWBUY’s Southeast Asian e-commerce expansion, following Cambodia and Vietnam.
Mr. Lian Xiangpeng, Chairman of Younger Time, Ms. Kimiy, Partner at Younger Time, Ms. Wang Xin, Chairwoman and Founder of the Shenzhen Cross-Border E-commerce Association, along with Mr. Zheng Shunwen, CEO of WOWBUY, Mr. Zheng Dong, General Manager of WOWBUY’s Investment Department, and Mr. Liu Jinhua, Deputy General Manager of WOWBUY, attended the signing ceremony.
Mr. Zheng Dong, General Manager of WOWBUY’s Investment Department, expressed that WOWBUY is a mission-driven e-commerce company that has improved the lives of people in Southeast Asian countries through its efforts. He emphasized the trust, shared aspirations, and unwavering determination that have made WOWBUY a recognized unicorn in the Southeast Asian e-commerce landscape. Collaborating with YOUNGER TIME to enter the Laotian e-commerce market is expected to bring transformative changes to the industry.
Mr. Lian Xiangpeng, Chairman of Younger Time, stated in his speech that he decided to invest in WOWBUY’s venture into Laos due to the promising prospects in the Southeast Asian e-commerce market and his belief in the exceptional qualities of the WOWBUY team. He sees WOWBUY as a team with outstanding cohesion and strong combat capabilities, combined with warmth and empathy, making him confident in the rapid development and expansion of the team in the Laotian market. He pledged his support to WOWBUY to become a leading player in the Southeast Asian e-commerce market.
Ms. Wang Xin, Chairwoman and Founder of the Shenzhen Cross-Border E-commerce Association, expressed her confidence in WOWBUY’s ability to replicate its mature e-commerce operation model in Laos and localize it successfully. She commended WOWBUY’s team, led by Mr. Zheng, as a highly skilled and internationally capable team. She expressed her gratitude for the opportunity to collaborate with such an outstanding team, aiming to achieve their core strategic goals and aspirations in this unique era of internet-driven growth and convenience.
In concluding remarks, Mr. Zheng Dong borrowed a phrase from Ren Zhengfei, Founder of Huawei, stating, “We have no way to go but victory!” WOWBUY is poised to complete its Southeast Asian expansion within three years with the support of its investors and the dedication of its team, aiming to become Southeast Asia’s well-deserved unicorn and ultimately list on NASDAQ.
