With the launch of its new product, SUIC Midas Touch enters a new frontier of multi-level marketing with a focus on blockchain.
As it introduces and promotes its new product, the MT Unified ProcurementTM internationally, SUIC Midas Touch has entered a new frontier, implementing a multi-level marketing strategy (MLM) with an emphasis on blockchain technology.
MT Unified ProcurementTM is a combined purchase and advance payment service for suppliers and buyers, with purchasing prices that are lower than market rates. It provides merchants with credit lines based on their transactions, allowing them to obtain products and services without having to pay suppliers upfront deposits. All parties engaged in these transactions are instantly enrolled as “MT Fellows” in the MT Wholesale Club, where they may take advantage of huge discounts ranging from two to five times factory pricing. When suppliers combine orders from buyers on the MT platform, this smart management generates savings and has a direct influence on the merchants’ bottom line. Suppliers may rely on MT Unified ProcurementTM to boost sales and receivables turnover while lowering the risk of bad debt.
All parties in all transactions will experience smooth, reliable, highly secure, and transparent execution of sale and purchase, with integrated control to avoid delays in trade payments and other related incentives, thanks to SUIC Midas Touch’s powerful MLM blockchain framework as applied on MT Unified ProcurementTM. This strikes the critical balance of autonomous and centralised control of the whole peer-to-peer system, all while adhering to industry laws.
In 2019, the MLM business generated $180.5 billion in retail sales globally, with the United States ranking as the global leader. During the projected period from 2021 to 2029, the worldwide multi-level marketing software market is estimated to develop at a CAGR of 8.3%. The expected rise will be fueled by the global network marketing market’s expansion. (Statista.com and ResearchAndMarkets are the sources.)
“We’re pleased about our blockchain-powered MLM model because it allows us to market our product, the MT Unified ProcurementTM, at various levels of our SUIC Midas Touch networks and expand its chain and distribution, which benefits all network members on both the supply and demand sides. As the levels develop exponentially in a safe and entirely decentralised manner, all parties gain and grow their earnings “SUIC’s CEO, Yanru Zhou, states
UIC Midas Touch is now expanding its presence in Asia, Southeast Asia, the United States, and Europe, and is in the process of establishing regional offices to provide expert advice, training, and other services to local partners in order to improve the availability of its products and services in the regions, thereby creating valuable growth opportunities for local partners and businesses.
finance.yahoo.com is the source for this information.
Sino United Worldwide Consolidated Ltd. was the first to present at the Emerging Growth Conference in this real-time, interactive format.
The Major Taiwanese Media, including Google News, Yahoo News, Sinanews, and Cnnews, afterwards reported and covered the live webcast.
Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC), which spoke at the Emerging Growth Conference on May 26, 2021 at 9 a.m. EST, uses this Growth Forum to interact with new frontier trade partners. The main Taiwanese news outlets, including Google News, Yahoo News, SinaNews, and CNNews, later reported and covered the live broadcast.
Over 10,000 business leaders from all over the world, including chambers of commerce, individual and institutional investors, trade representatives, economic development agencies, as well as investment consultants and market analysts, join the ECG live web forum to introduce and present their companies, their exciting and advanced products and services to over 10,000 business leaders from all over the world, including chambers of commerce, individual and institutional investors, trade representatives, economic development agencies, as well as investment consultants and market analysts. This one-of-a-kind exposure provides SUIC with a fantastic commercial opportunity to reach out to eligible investors.
SUIC was chosen to be the first presenter at the recent EGC live webcast, garnering great praise and kicking off this exclusive live conference on a positive note, in which SUIC stressed its essential position in the decentralised finance (DeFi) field, which is unstoppable in its growth.
SUIC is confident in the unstoppable success of its DeFi solutions and applications, which will alleviate the problems of the worldwide cash flow service markets, ushering in a spectacular new era of FinTech for All.
“The cash flow management market is expected to develop at a compound annual growth rate (CAGR) of 25.9% over the forecast period, from USD 369 million in 2020 to USD 1,170 million in 2025. Artificial intelligence (AI), machine learning (ML), data analytics, and business intelligence are all becoming more popular. These technologies aid in enhancing cash flow management efficiency. Cash flow management is critical to a business’s ability to sustain liquidity while also contributing to its growth.” (MarketsandMarkets Research Private Ltd. is the source.)
yahoo.finance.com is the source for this information.
SUIC Stock Overview: Is Sino United Stock Worth It?
At the moment, the SUIC stock is quite volatile. In reality, following a steady climb in April, shares of Sino United Worldwide (OTC: SUIC) dropped off a cliff in early May. Let’s look at this hot fintech stock in more detail.
History of the SUIC Stock Price
The stock of Sino United is traded over-the-counter (OTC). And it’s making news because of its recent transactions and the consequent stock volatility.
This market trend is due to their recent relationship with Oracle Taiwan. In mid-April, the cooperation was announced.
The announcement initially boosted the shares of SUIC. It was trading for $8 a share at the time. It rapidly climbed to $10 and continued to rise throughout the month. Sino United’s shares had risen to $13 per share by the beginning of May.
This upward trend continued until the first week of May, with a high of $20. The soaring stock price, however, reversed course overnight and plummeted below $10 on Friday, May 7th.
SUIC stock has a 52-week high of $20 and a 52-week low of $0.22 for some context. It started 2021 in the $1 area and rose steadily throughout the first three months of the year.
As can be seen, Sino United has rewarded long-term investors well. However, its recent volatility raises concerns about the stock’s potential to maintain its upward trend. So, let’s delve a little further and find out more about Sino United Worldwide.
Background of Sino United Worldwide
Sino United Worldwide is a Chinese fintech firm with its headquarters in New York City. It works with and invests in a wide range of companies. This covers firms that deal with artificial intelligence, blockchain, and the internet of things.
It’s collaborating with Oracle Taiwan on “advanced solutions for Global Supply Chain Finance, Fintech, and DeFi Smart Contract Solutions.” This is a significant event that might have ripples in the financial world. It has already influenced the volatility of the SUIC stock. According to a press statement from director Joa Chen Gu-Feng…
As we unveil our latest DeFi and Smart Contract solutions and digital services that will decrease the danger of arbitrary interference in the Global Supply Chain Finance, SUIC and SoundNet Technology are at the forefront of this transformational period, embracing rapid changes in the business sector.
Investing in Over-the-Counter Stocks
Investors all throughout the country are becoming more interested in OTC stocks. The majority of OTC stocks are penny companies that do not fulfil the necessary criteria to trade on the New York Stock Exchange (NYSE) or Nasdaq. As a result, they carry greater risk and are more likely to be volatile.
That isn’t to say you shouldn’t invest in over-the-counter stocks. It’s critical to always conduct study and spot trends to the best of your ability.
You may find a growing list of trending stocks to consider for your portfolio whether you are interested in over-the-counter stocks or not. For access to the newest trends and industry insights, sign up for the Profit Trends e-letter below.
Sino United Worldwide’s stock is now on a roller coaster ride. However, the corporation has had a terrific start to the year. During this dip, you might wish to consider SUIC stock in case it rises again.
investmentu.com is the source for this information.
8 Things to Know About Fin-Tech Sino United as Investors Show Interest in SUIC Stock
The shares of Sino United (OTCMKTS:SUIC) is climbing on Thursday after the company announced a partnership with Oracle Taiwan.
Investors are becoming more interested in SUIC stock as a result of this news. As a result, today’s trade is quite active. Approximately 63,000 shares had changed hands as of this writing. This is more than the company’s usual daily trading volume of around 47,000 shares.
With that in mind, let’s look at what potential SUIC stock investors should know about the firm and its recent transaction.
- Sino United is a Chinese financial technology firm.
- Its investments are focused on the Internet of Things, blockchain, artificial intelligence, and other technologies.
- As a result, it invests in a variety of firms that fit its criteria.
- iDrink Technology, Midas Touch Technology, Sinoway International, and United Wellness are just a few of them.
- The companies will collaborate to create “Advanced Solutions for Global Supply Chain Finance, Fintech, and DeFi Smart Contract Solutions” as part of their partnership with Oracle Taiwan.
- “Support the whole lifecycle of supply chain, delivering novel solutions to remedy the disruption in global supply chain during this pandemic time and beyond,” the purpose of these is to say.
- DeFi Smart Contract Solutions, according to Sino United, are poised to transform the financial sector.
- It wants to be a part of those developments, which is why it’s collaborating on this with Oracle Taiwan.
- Sino United director Joa Chen Gu-Feng stated this regarding the acquisition boosting SUIC shares today.
“With the launch of our latest DeFi and Smart Contract solutions and digital services that will minimise the risk of arbitrary intervention in the Global Supply Chain Finance, SUIC and SoundNet Technology are at the forefront of this transformative era, embracing rapid changes in the business world.”
As of Thursday morning, SUIC stock was up 12.6 percent, giving it a year-to-date gain of 603.1 percent.
Investors aren’t simply paying attention to Sino United today.
investorplace.com is the source for this information.
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