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Press Releases

Date Title and Summary
Toggle Summary Wecast to Form Joint Venture with the Rural Commercial Bank Development Alliance
-  JV will introduce Wecast's V PaaS to the Alliance's Agricultural Financing Member Banks NEW YORK , June 21, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or "WCST) announced today the formation of a Joint Venture ("JV") with Rural Commercial Bank ( Beijing ) Information
Toggle Summary Wecast to Form Joint Venture with He Ying Private Equity Fund
- JV, which will be named Seven Stars He Ying Smart Cloud, will be 51% owned by Wecast Network NEW YORK , June 16, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or "WCST) announced today the formation of a Joint Venture ("JV") called Seven Stars He Ying Smart Cloud ("SSHY"),
Toggle Summary Wecast Announces Corporate Name Change to Seven Stars Cloud Group
-Nasdaq ticker trading symbol will change to "SSC" at a future announced date. NEW YORK , June 5, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company"), announced today that the Company is changing its corporate name to Seven Stars Cloud Group, Inc.
Toggle Summary Wecast Raises $2 million USD in Private Placement
NEW YORK , May 25, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST")"Company"), announced today that the Company has entered into a Subscription Agreement ("SA") for the sale of 727,273 common shares of its common stock to certain investors, officers &
Toggle Summary Wecast to form JV with Berlin-Based PANTAFLIX GmbH for Cloud-Based Global VOD Platform
- PANTAFLIX is a wholly owned subsidiary of Pantaleon Entertainment AG (XETRA: PAL), one of the fastest growing media companies in Europe. - Platform is slated to build to 300k global movies titles available within 36 months NEW YORK , May 19, 2017 /PRNewswire/ -- Wecast Network, Inc.
Toggle Summary Wecast Network Reports Q1 2017 Results
-- Top line Q1 2017 revenue of $33 Million USD (26x Q1 2016 and 7x Full Year 2016) -- Investor Update Call Rescheduled Today for 4:15 p.m. ET NEW YORK , May 15, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"), announced today its Q1 2017 operating
Toggle Summary Investor Network: Wecast Network, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / May 15, 2017 / Wecast Network, Inc. (NASDAQ: WCST ) will be discussing their earnings results in their Q1 Earnings Call to be held 5/15/2017 at 8:00:00 AM Eastern Time. To listen to the event live – visit https://www.investornetwork.com/company/23214 .
Toggle Summary Wecast Network Announces Grant Thornton LLP as New Independent Auditor
NEW YORK , May 3, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"), announced today a change to the Company's independent registered public accounting firm .  Auditor Change: Grant Thornton LLP (" Grant Thornton ") will succeed KPMG Huazhen LLP ("KPMG")
Toggle Summary Wecast Network, Inc. to Report Q1 2017 Results and Host Investor Update Call Monday, May 15
NEW YORK , May 2, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"), today announced that it will report its financial results for the first quarter ending March 31, 2017 , before the U.S. stock market opens on May 15, 2017 .
Toggle Summary Wecast Network Announces New Member to its Board of Directors
NEW YORK , April 20, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"), announced today the appointment of Mr. Sean Wang to the Company's Board of Directors ("Board"), effective April 14, 2017.  Mr. Wang has founded or served senior executive roles in
Toggle Summary Wecast Network Releases Updated Investor Presentation & Company Overview
NEW YORK , April 17, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"), today released an updated investor presentation and company overview.  The presentation can be found in the Company's SEC filing under Form 8K filed later today or in the "IR Kit"
Toggle Summary Wecast Network Announces Q4 and Full Year 2016 Results
- Company Raises Full-Year Revenue Guidance to $300 Million - Investor Update Call Scheduled Today at 8:00 a.m. EDT NEW YORK , March 31, 2017 /PRNewswire/ -- Wecast Network Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"), announced today its Q4 and Full Year 2016 operating results for the
Toggle Summary Wecast Network Names Both New CFO and CTO
NEW YORK , March 23, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"), announced today that its Board of Directors (the "Board"), on March 17, 2017 , unanimously appointed Mr. Simon Wang as Chief Financial Officer ("CFO") and principal accounting
Toggle Summary Wecast Network, Inc. to Report Q4 and Full Year 2016 Results and Host Investor Update Call Friday, March 31
NEW YORK, March 17, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"), today announced that it will report its financial results for the fourth quarter and full year ending December 31, 2016, before the U.S. stock market opens on Friday, March 31, 2017.
Toggle Summary Wecast Network and the China Electronics Chamber of Commerce (CECC) Form Exclusive Strategic Partnership
- Partnership will have WCST be the exclusive provider of B2B V (Virtual) PaaS and other supply chain services to CECC's 4000 electronic  manufacturing industry members NEW YORK, March 7, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST)  ("Wecast" or the "Company" or "WCST"), announced 
Toggle Summary Wecast Network Announces Supply Chain Finance Partner for its V Market B2B Platform Services
NEW YORK, Feb. 16, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"), announced today that a fund established by Guiyang Bank, Sun Seven Stars and Guiyang City Investment Corporation ("Wecast Industrial Fund") will exclusively support and underwrite
Toggle Summary Wecast Network Publishes Video Presentation of its Wecast Services Group's M.Y. Products Business
NEW YORK, Feb. 16, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"), today published to its corporate website a video presentation that outlines the business model, capabilities and strategy of its Wecast Services Group, more specifically M.Y.
Toggle Summary Wecast Network Provides Update on Virtual Commerce ("V Market") Platform
NEW YORK, Feb. 15, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"), today provided several key updates on the previously announced B2B virtual reality ("VR"), augmented reality ("AR") and artificial intelligence ("AI") –enabled commerce technology
Toggle Summary Wecast Network to Launch Virtual Commerce ("V Market") Solution in Q2 2017
NEW YORK, Feb. 14, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"), announced today that the Company is currently completing final testing of a B2B virtual reality ("VR"), augmented reality ("AR") and artificial intelligence ("AI") –enabled commerce
Toggle Summary Wecast Network Selects Yi Xu as COO and Interim CFO
NEW YORK, Feb. 2, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"), announced today that its Board of Directors (the "Board"), on January 30, 2017, unanimously appointed Mr. Yi Xu as the Chief Operating Officer, as well as the interim Chief Financial
Toggle Summary Wecast Network Acquires 55% of Wide Angle Group Limited
NEW YORK, Feb. 2, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"), announced today that the Company has acquired 55% of Wide Angle Group Limited ("WAG"). WAG, a fully integrated industrial/trade media and commerce company, will reside and operate under
Toggle Summary Wecast Network Completes Acquisition of Sun Video Group and Issues 2017 Company-Wide Guidance of $280 Million Revenue
NEW YORK, Feb. 1, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"), announced today that with full Board due diligence, review of the third-party fairness opinion and ultimately, unanimous approval, the Company has completed the previously announced
Toggle Summary Wecast Network Provides Update on M.Y. Products, LLC Transaction
NEW YORK, Jan. 3, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the "Company" or "WCST"), announced today that its transaction with Sun Video Group HK Limited ("SVG") for 51% purchase of M.Y. Products, LLC ("MYP"), a video commerce and supply chain management operator, is
Toggle Summary Wecast Network Selects Bing Yang as next Chief Executive Officer
NEW YORK , Dec. 8,    2016 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the    "Company" or "WCST"), announced today that its Board of Directors, on December 4, 2016 , have unanimously chosen Mr. Bing Yang as the    Company's next Chief Executive Officer.  Mr.
Toggle Summary Wecast Network to Transform and Enhance its Legacy Hollywood Studio Paid Content Business Model with Yanhua Operating Partnership
NEW YORK , Dec. 7,    2016 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or the    "Company" or "WCST"), announced today a partnership with Zhejiang Yanhua Culture    Media Co., Ltd. ("Yanhua Partnership"), where Yanhua will act as the exclusive    distribution operator (within the