Brazil’s Leading E-commerce Company B2W Visited Waltonchain
On May 24, 2018, Brazil’s leading e-commerce company, B2W, visited Waltonchain’s office in Shenzhen. B2W CEO Marcio Cruz and International Relations Manager Corbin Woodhull were warmly received by Waltonchain CEO Mo Bing, Vice President Yang Feng (former CTO), CTO Liu Cai, CSO Welson Wong and Director of Operations Kevin Wong. During the meeting, the parties discussed the application of blockchain + IoT in e-commerce. Waltonchain CEO Mo Bing also personally presented Waltonchain’s solutions for Internet of Vehicles, food, apparel and other industries to the B2W team. Apart from getting more in-depth understanding of the blockchain industry, the B2W team also discussed the direction of future cooperation with Waltonchain.
B2W Digital is the leading e-commerce company in Latin America. The Company features the largest and most esteemed brands on the Internet (Americanas.com, Submarino, Shoptime, and Sou Barato) and operates the rapidly growing Marketplace. Methodically constructed over the past several years, the platform allows B2W to also offer technology, logistics, distribution, customer service and payments.
According to statistics released by E-BIT, a Brazilian online consumer behavior research company, in 2016, the total online shopping transactions in Brazil amounted to R$ 41.3 billion (US$ 11.62 billion) in 2015, a year-on-year increase by 15.3%. The amount of online shopping per capita increased by 12% compared to 2014. In 2016, the total amount of online shopping in Brazil increased by nearly 15% year-on-year. In the past five years, the scale of online shopping in Brazil has also been steadily increasing at a rate of over 20% per year. In 2017, B2W annual fiscal revenue reached 2.1 billion US dollars, whereas net profit was about 128 million US dollars.
Still, there are many problems in the global e-commerce industry, which include the large number of products listings, the overwhelming amount of global orders, the difficulty in choosing a logistics channel, the complexity of procurement management and warehouse management, the huge workload of after-sales customer service and difficult statistics analysis.
During their trip to China, the B2W team visited Tencent and Waltonchain to discuss future strategic cooperation in order to jointly reshape the business model of the e-commerce industry. At the meeting with B2W, Waltonchain CEO Mo Bing also mentioned: “Waltonchain is dedicated to becoming a combination of Google + Qualcomm + Cisco in the blockchain industry. At the moment, we have already prepared applied solutions that can be quickly implemented in the apparel, logistics, food traceability, agriculture, financial, auditing, vehicle networking, asset management industries and other fields. We are honored to welcome the B2W team and hope to develop in-depth cooperation with B2W in the near future.” B2W CEO Marcio Cruz also stated that they will continue to keep in touch with Waltonchain and hope to apply blockchain to their entire supply chain soon.
Both China and Brazil are members of BRICS. E-commerce cooperation already has a foundation among the BRICS countries, and there is a great potential for future cooperation. Last year, the Meeting of BRICS Trade Ministers approved the “BRICS E-Commerce Cooperation Initiative” and decided to establish a BRICS national e-commerce working group to fully initiate the cooperation process and practically strengthen pragmatic cooperation in such spheres as policy sharing and capacity building. E-commerce has become the new impetus for cooperation of the BRICS countries. B2W’s visit to Waltonchain also shows that Waltonchain and its efforts to create a blockchain + IoT ecosystem have been recognized by more and more countries and companies. We will continue to work diligently to implement our corporate responsibility as a global leading company in blockchain + IoT, and further promote the blockchain revolution that will change the global business model.
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