Business
Greenpro's Incubation Company, JOCOM Obtains S-1 Effectiveness from SEC for the IPO at US Capital Market
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / December 20, 2022 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that its incubator company, JOCOM Holdings Corp
About this update from Greenpro Capital Corp.
[{"type":"text","content":"KUALA LUMPUR, MALAYSIA / ACCESSWIRE / December 20, 2022 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that its incubator company, JOCOM Holdings Corp \"JOCOM\" has obtained S-1 Notice of Effectiveness from the U.S. SEC on December 19, 2022.Greenpro Capital currently holds 1,500,000 shares in JOCOM.JOCOM is based in Malaysia and currently provide data analytic services to e-commerce platform operators in Malaysia. Its vision is to develop solutions that impact the lives of both consumers and businesses through m-commerce technology.Its proprietary data analytic software solution \"JOCOM AI Smart Platform\" can analyze and predict customers behaviors, as well as optimize product placement. JOCOM will also further develop logistic prediction algorithm software which able to analyze fleet availability, incoming orders, traffic conditions etc. to create real-time simulations and provide the best possible routes and delivery options, thus increasing delivery efficiency and saving costs for e-commerce platform operators.On cross border trade, JOCOM logistic engine will be able to align with multiple 3rd party logistics provider and integrate with them to the extent of cross border, by regional, outstation, suburb, cities, and choose the fastest route to send products to international end user in the best effort modelling. The selection of various and multiple logistic will be made possible by integrating to DHL, FedEx, post offices, PO boxes and even a scheduled 3rd party logistic upon arrival on the different countries. The shipping by air and sea freight will allow the tracking of the parcel on real-time basis.JOCOM intends to eventually develop into a full-fledged m-commerce (Mobile commerce) platform specialized in online groceries and shopping. Though data collected from its analytic software solution and publicly available information, JOCOM anticipates its system will automate the customer acquisition modelling, a process which automatically identifies the best potential leads and establishes the best strategies to convert user traffic into active customers. JOCOM targets the South East Asia market via integration with other e-commerce platforms.Greenpro CEO CK Lee said, \"JOCOM is another example of one of our successful incubation companies through our SEA Unicorn 2022 Incubation Program. The company and its creative ...