Navigation Links
Wigix Acquires Mag2U, A Leading Business Process Outsourcing Company

Mag2U, a Shanghai-based company, merges operations with Wigix Inc.’s subsidiary,, affording it an end to end marketing platform in China.

Oakland, CA (PRWEB) April 2, 2010 -- Wigix, Inc. today announced that it has acquired a Shanghai-based business process outsourcing company, Mag2U, to enhance DDKU’s growing internet presence as well as provide a multi-channel marketing network to acquire, retain and service customers in China. DDKU, a web-based community driven marketplace and wholly owned subsidiary of Wigix, will merge operations with Mag2U. Mag2U, a privately held company, is the largest magazine subscription processor in China currently with operations in Shanghai and Hangzhou.
“We are excited by this opportunity because it represents a significant step in completing our vision and strategy to accelerate growth in our core business which is to provide an end-to-end marketing solution as well as better values to our brand manufacturers and consumers,” said James Chong, CEO of Wigix, Inc. “We plan to replicate Mag2U’s operational success in Shanghai and Hangzhou to other first and second line cities in China which comprise approximately 400 million middle class consumers in China. This will allow DDKU/Mag2U to provide brand advertisers a competitive edge and an invaluable service. Currently, for a brand advertiser to gain access to any second-line city’s targeted consumer segment, it is extremely difficult; however, soon, it will be an achievable reality.”
An independent market research study concludes that only 20% of all magazines sold in China are via subscription confirming the vibrancy of this nascent business niche. With Wigix’s experienced team and technological expertise mixed with Mag2U’s proven business model as well as logistic and fulfillment process know-how, it will enable the company to distinguish itself as a market leader in providing an end-to-end marketing platform for brand advertisers.
This acquisition not only facilitates DDKU’s payment collection and order fulfillment of its online transactions due to Mag2u’s logistic network; but also, provides DDKU the ability to uniquely leverage and expand into other business adjacencies and propel Wigix’s revenue growth.

About Wigix
Wigix ( is a catalog of all products, a listing of who owns them and what they are worth by leveraging an innovative, open, and highly scalable community-driven process. This database-driven platform enables an easy search experience for any item and its associated meta-data and NASDAQ stock-market-style liquidity. Wigix’s catalog has over three million unique items and is structured to allow buyers and sellers to easily find specific products and avoid the common problem of multiple listings that exist on other sites. Take a look at the uniqueness of Wigix’s product pages on items such as the Nintendo Home Console Game System as well as the Xbox Live 12 Months Gold Subscription Cards respectively: and .

Wigix is headquartered in Oakland, California, but also has operations in China and is funded by venture capital firm, Draper Fisher Jurvetson.


Read the full story at

Source: PRWeb
Copyright©2010 Vocus, Inc.
All rights reserved  

Related medicine news :

1. Emergo Group Acquires UK-based Mediqol Ltd.; Greatly Expands Medical Device Consulting Presence in Europe
2. Medco Acquires Leading Genetics Healthcare Company, DNA Direct
3. Amilpar Acquires ESHO
4. Professional Healthcare Acquires Home Health Services Expanding Service Area in Western United States
5. Infinity Technology, Inc. Acquires Build My Own Site, Inc.
6. JK Logistical Operations Acquires JDL Installation Logistics
7. The Ensign Group Acquires Arizona Skilled Nursing Facility
8. The Ensign Group Acquires Three Texas Skilled Nursing Facilities
9. TeamHealth Acquires Emergency Physicians of Naples, LLC
10. Xybion Acquires Amadeus, a Leader in Governance, Risk, Compliance and Quality Management (GRC) Solutions
11. Chand Investment Group Acquires
Post Your Comments:
Related Image:
Wigix Acquires Mag2U, A Leading Business Process Outsourcing Company 
(Date:6/26/2016)... , ... June 26, 2016 , ... PawPaws brand ... new product that was developed to enhance the health of felines. The formula is ... The two main herbs in the PawPaws Cat Kidney Support Supplement Soft ...
(Date:6/25/2016)... ... June 25, 2016 , ... The temporary closing of Bruton Memorial Library on June 21 due ... up a new, often overlooked aspect of head lice: the parasite’s ability to live away ... a common occurrence, but a necessary one in the event that lice have simply gotten ...
(Date:6/25/2016)... ... ... Friday, June 10, Van Mitchell, Secretary of the Maryland Department of Health and Mental ... exemplary accomplishments in worksite health promotion. , The Wellness at Work Awards took place ... BWI Marriott in Linthicum Heights. iHire was one of 42 businesses to receive an ...
(Date:6/24/2016)... ... ... Marcy was in a crisis. Her son James, eight, was out of control. Prone to ... , “When something upset him, he couldn’t control his emotions,” remembers Marcy. “If there ... my other children and say he was going to kill them. If we were ...
(Date:6/24/2016)... ... 2016 , ... Topical BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief Products, join The ... raise to $12 an hour by 2020 and then adjusting it yearly to increase at ... the minimum wage, assure the wage floor does not erode again, and make future increases ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... 23, 2016  In a startling report released today, National ... by lacking a comprehensive, proven plan to eliminate prescription opioid overdoses. ... of how states are tackling the worst drug crisis in recorded ... – Kentucky , New Mexico ... . Of the 28 failing states, three – Michigan ...
(Date:6/23/2016)... June 23, 2016 Capricor ... ), a biotechnology company focused on the discovery, ... that patient enrollment in its ongoing randomized HOPE-Duchenne ... exceeded 50% of its 24-patient target. Capricor expects ... third quarter of 2016, and to report top ...
(Date:6/23/2016)... 23, 2016 , , , ... 7, 2016 , , , , LOCATION: , , , ... , , , EXPERT PANELISTS:  , , , Frost & Sullivan,s ... Christi Bird; Senior Industry Analyst, Divyaa Ravishankar and Unmesh Lal, Program ... global pharmaceutical industry is witnessing an exceptional era. Several new demand ...
Breaking Medicine Technology: