I was wondering what the revenue sources from eCargo's deals are and found this from an interview with management when they first listed.
"We derive revenue from all our services. From E-commerce IT, we have fees for setting up sites in marketplaces as well as our own brand site. E-operations, where we get a regular income and for deploying dedicated store management teams to our merchants. And then sales commission from the sales that we are able to generate, for the merchants. And then for production we charge fees for photography, for E-marketing and social media activities. Of course, there will be charges for each and every item of activities. And then for E-fulfilment there’s rental, there’re storage fees as well as handling fees of products and distribution fees. So each and every service would carry a charge to the merchants."
so if you were wondering too, the answer is yes, we do get sales commission as well as multiple other fees and charges. 95,782,812 shares available to market. yes!
ECG Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
