Business
Sharing Economy International Issues Open Letter to Shareholders
Sharing Economy International Issues Open Letter to Shareholders.
About this update from Sharing Economy International Inc.
[{"type":"text","content":"\n\n\n\nSharing Economy International Issues Open Letter to Shareholders\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSharing Economy International Issues Open Letter to Shareholders\nPR Newswire\nHONG KONG, Jan. 13, 2020\n\n\n\nHONG KONG, Jan. 13, 2020 /PRNewswire/ -- Sharing Economy International Inc. (OTCQB:SEII), today issued the following letter to shareholders:\nDear SEII Shareholders:\nAs I reflect on our progress this past year, I first want to say thank you for your commitment and investment in SEII and would like to take this opportunity to wish you all a very happy, healthy and prosperous 2020.\nThroughout 2019, we made significant changes to our company and have made new business plans from the top down including manufacturing and the development of information technologies, and sharing economy related businesses. In order to align with the Company's future direction toward sharing economy and information technology development, we continued to trim down the scale of the legacy dyeing machine business and focus on what we believe is our best opportunity for the future in 2020.\nOver the past 12 months, SEII and its subsidiaries have gone through a series of challenges, including restructuring of management, change of business teams, the termination of the two Wuxi VIEs and so on. Through all these events, SEII has more clarity on what particular areas are the most appropriate to pursue in 2020 for future success. \nSharing Economy in Asia\nAs expected, the sharing economy market is gaining recognition day by day, as evidenced by the successful IPO of Lyft and Uber in the US markets in 2019, as the profitability performance of Meituan-Dianping in China. We continue to believe the development of sharing economy solutions will provide us a lot of business opportunities in the near future, which gives the best benefits to our shareholders.\nDuring the Christmas period in 2019, we have completed the acquisition of the global sharing economy marketplace portal ECrent.com. ECrent is composed of both a web-based marketplace and mobile applications which provides a...