HONG KONG, May 18, 2018 /PRNewswire/ -- Sharing Economy
International Inc. ("SEII" or "the Company") (NASDAQ: SEII) today
announced that its subsidiary, Inspirit Studio Limited ("Inspirit
Studio"), will officially launch its re-branded mobile platform
"BuddiGo" on June 1, 2018. By fully
adopting the sharing economy model, BuddiGo seeks to optimize daily
commuting trips for everyone. Once commuters (also known as
"Buddies") install and connect to BuddiGo, they can utilize their
trips and time to make money by performing various daily errands
and services for BuddiGo users including inner city delivery, food
delivery and grocery shopping.
"According to our prior experience with our 'Anyway' app, we
expect tens of thousands of Buddies to register on our platform by
the end of 2018 in Asia. These
Buddies are capable of handling thousands of daily errand requests
for clients," said Kurt Tam, CEO of
Inspirit Studio. "BuddiGo is not only getting ready for the
official launch of services in Hong
Kong but is preparing to expand service coverage in the
Guangdong-Hong Kong-Macao Greater
Bay Area, and other Asia regions
by the end of 2018."
"I look forward to the official launch of our revolutionary
'Buddies' model. We believe BuddiGo will generate significant value
for society by utilizing and monetizing our daily commuting trips,"
said Parkson Yip, Vice President of
SEII. "In the past six months, the BuddiGo team has been working
very hard to enhance the functionality of its platform to optimize
services and provide a user-friendly experience for both users and
Buddies. On our platform, anyone can serve as a Buddy and perform
delivery, pickup or purchase requests from others, earn extra
income, and save our users' time and effort by providing errand
services for them."
Mr. Tam also revealed that BuddiGo is capable of analyzing the
offline purchasing behavior of its clients based on the services
requested. BuddiGo is determined to incorporate client feedback and
enhance the quality of its services by fully optimizing its strong
data analytics capabilities.
About Sharing Economy International Inc.
Sharing Economy International Inc., through its affiliated
companies, designs, manufactures and distributes a line of
proprietary high and low temperature dyeing and finishing machinery
to the textile industry. The Company's latest business
initiatives are focused on targeting the technology and global
sharing economy markets, by developing online platforms and rental
business partnerships that will drive the global development of
sharing through economical rental business models. Moreover, the
Company will actively pursue blockchain technology in its existing
and to-be-acquired business, enabling the general public to realize
the beauty of resource sharing. For more information visit
www.seii.com
About Inspirit Studio Limited
Inspirit Studio Limited, an award-winning startup company which
has graduated from the largest incubation program in Hong Kong, was acquired by NASDAQ-listed
Sharing Economy International Inc. in December 2017. By adopting the sharing economy to
disrupt the consumer market, Inspirit Studio aims at providing a
global sharing solution and platform, namely BuddiGo, to draw
millions of users across countries and regions by optimizing idle
resources in communities. For more information, please visit
www.buddigo.com.
Safe Harbor Statement
This release contains certain "forward-looking statements"
relating to the business of the Company and its subsidiary and
affiliated companies and certain potential transactions that they
may enter into. These forward looking statements are often
identified by the use of forward looking terminology such as
"believes," "expects" or similar expressions. Such forward looking
statements involve known and unknown risks and uncertainties that
may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on its website, including factors
described in "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in our
Form 10-K for the year ended December 31,
2017 and in our Form 10-Q for the quarter ended March 31, 2018. All forward-looking statements
attributable to the Company or to persons acting on its behalf are
expressly qualified in their entirety by these factors other than
as required under the securities laws. The Company does not assume
a duty to update these forward-looking statements.
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SOURCE Sharing Economy International, Inc.