Navigation Links
Wigix Acquires Mag2U, A Leading Business Process Outsourcing Company
Date:4/6/2010

Mag2U, a Shanghai-based company, merges operations with Wigix Inc.’s subsidiary, ddku.com, 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 (www.wigix.com) 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: www.wigix.com/index.php/item/detail/8911/Nintendo-span-stylecolor-de4e00bWii-b-span-Home-Console-Game-System and http://www.wigix.com/item/2175821/Microsoft-Xbox-Live-12-Months-Gold-Subscription-Card .

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 http://www.prweb.com/releases/2010/04/prweb3817534.htm.


'/>"/>
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 AskTheDoctor.com
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Wigix Acquires Mag2U, A Leading Business Process Outsourcing Company 
(Date:5/3/2016)... ... May 03, 2016 , ... California health startup Pegara announced ... helps people assess their risk of developing Alzheimer’s disease. Using a questionnaire based ... “Risk Reduction Score™” that summarizes how their lifestyle choices may affect their chances ...
(Date:5/3/2016)... Yorba Linda, CA (PRWEB) , ... May 03, ... ... exponential enrichment) is a process that selects DNA or RNA from a random ... ligands—called aptamers—could potentially be used as drugs or diagnostic agents. SELEX selection is ...
(Date:5/3/2016)... ... May 03, 2016 , ... Elizabeth Murray has always loved walking ... her with one on her shoulder and one on her arm. But she got ... of years of mitral valve prolapse. , The valves of the heart wouldn’t close ...
(Date:5/3/2016)... ... May 03, 2016 , ... Diagnotes, a leader in ... a three hospital system in South Carolina, to provide its secure mobile communication ... that enhances communication, drives workflow efficiencies and improves provider and patient satisfaction,” said ...
(Date:5/3/2016)... , ... May 03, 2016 , ... Each year, about ... cause of death across the United States and account for one death every four ... impairments or are permanently disabled. HCR ManorCare is launching a video series called “Your ...
Breaking Medicine News(10 mins):
(Date:5/3/2016)... , May 3, 2016 ... Report provides a basic overview of the industry ... which the surgical mesh report explores into the ... Complete report on Surgical Mesh market spread ... 98 tables and figures is available at ...
(Date:5/2/2016)... Leading Economies with Fastest Real GDP Annual Percentage Change, 2015  ... 7.3, , Source: IMF and TechSci Research   ... Brazil , Russia , India , ... the fastest GDP growth during the first decade of the 21 st ... Brazil and Russia , along with policy ...
(Date:5/2/2016)... , May 2, 2016  Celsion Corporation (NASDAQ: ... company, today announced data from the first cohort ... clinical trial (the OVATION Study) combining GEN-1, the ... for the treatment of newly-diagnosed patients with advanced ... by interval debulking surgery.  In the first three ...
Breaking Medicine Technology: