Online secondhand-fashion marketplace Poshmark Inc. has agreed to be bought by South Korean internet company Naver in a $1.2 billion deal, the companies announced Monday, a move that executives said would help both brands expand internationally.
Shares of Poshmark POSH, -0.64%
jumped 11.8% in after-hours trading on the news.
Under the terms of the deal, Naver 035420, -8.79%
will acquire Poshmark’s outstanding shares for $17.90 in cash, representing a 15% upside to Poshmark’s Monday closing price of $15.57. The transaction is set to close by the first quarter of next year, pending Poshmark shareholders’ approval.
Poshmark went public in late 2020, pricing shares at $42 a share, and ended its first day of trading at more than $100 a share, but has never approached those heights again. It last traded for more than the acquisition price Naver has agreed to pay late last year.
In a statement, executives from both companies talked up the potential to combine Naver’s array of search, e-commerce, AI and social-media technology with Poshmark’s social and shopping platforms. Poshmark, the companies said, would also embark on a bigger international expansion strategy, including into other markets in Asia, in the “medium-term.”
They also talked about the potential for the combined company to save around $30 million annually within two years after the deal’s closing through “rationalization of public company costs” and higher operating leverage, along with the potential for more than 20% yearly sales growth by harnessing Naver’s advertising resources.
Naver, which runs large search and e-commerce platforms, said the move would broaden its e-commerce platform, bring younger users into the company’s fold and allow it to “capitalize on the global online fashion re-commerce and sustainable economy opportunity.”
“Naver’s leading technology in search, AI recommendation and e-commerce tools will help power the next phase of Poshmark’s global growth,” Choi Soo-Yeon, Naver’s chief executive, said in a statement, which also said that Naver hosted a large number of digital content creators in Korea.
Naver owns companies like Wattpad, a social-media platform, and runs Webtoon, a site for digital comics, along with a metaverse platform called Zepeto, and also has joint ownership of an internet service group in Japan. Naver said its online community in Korea consists of more than 36 million monthly users, who use its search engine and other services.
Poshmark Chief Executive Manish Chandra said the deal would also give Poshmark opportunities to grow.
“Longer term, as part of Naver, we will benefit from their financial resources, significant technology capabilities, and leading presence across Asia to expand our platform, elevate our product and user experiences, and enter new and large markets,” he said in the statement.
Naver said the acquisition would also help give it a bigger foothold in the U.S. And it said the deal would allow it to broaden the appeal of so-called live-stream shopping.
“Live-stream shopping is a key driver of e-commerce in China and Korea (and increasingly in the U.S.) today, allowing shoppers to buy products in real-time through live video broadcasts, enabling greater insights and more clarity around purchasing decisions,” the statement said.
Once the deal closes, Poshmark will be a standalone subsidiary of Naver, with the same management team, brand and headquarters in Redwood City, Calif., the companies revealed.
At the close of Monday’s trading, shares of Poshmark were down around 9% year-to-date. The S&P 500 index SPX, +2.59%,
by comparison, has slid 23% over that time.
Google pulled its search engine from China in 2010 because of heavy government internet censorship. Since then, Google has had a difficult relationship with the Chinese market. The end of Google Translate in China marks a further retreat by the U.S. technology giant from the world’s second-largest economy.
Alphabet’s Google on Monday said it shut down the Google Translate service in mainland China, citing low usage.
The move marks the end of one of its last remaining products in the world’s second-largest economy.
The dedicated mainland China website for Google Translate now redirects users to the Hong Kong version of the service. However, this is not accessible from mainland China.
“We are discontinuing Google Translate in mainland China due to low usage,” Google said in a statement.
Google has had a fraught relationship with the Chinese market. The U.S. technology giant pulled its search engine from China in 2010 because of strict government censorship online. Its other services — such as Google Maps and Gmail — are also effectively blocked by the Chinese government.
As a result, local competitors such as search engine Baidu and social media and gaming giant Tencent have come to dominate the Chinese internet landscape in areas from search to translation.
Google has a very limited presence in China these days. Some of its hardware including smartphones are made in China. But The New York Times reported last month that Google has shifted some production of its Pixel smartphones to Vietnam.
The company is also looking to try to get Chinese developers to make apps for its Android operating system globally that will then be available via the Google Play Store, even though that’s blocked in China.
American businesses have been caught in the middle of continued tensions in the technology sphere between the U.S. and China. Washington continues to fret over China’s potential access to sensitive technologies in areas such as artificial intelligence and semiconductors.
I love when I discover an exciting new craft on Pinterest, let alone one that is a resounding success with my toddler as well as with mommy. These are our shaving cream paintings – very easy to create and super beautiful too!
Spread a thin, even layer of standard shaving cream on a baking sheet, and then put drops of food colouring all over it. Use a toothpick or fork to swirl the colours in the shaving cream. Place a thick piece of cardstock on top of the colour and press firmly, and use a plastic spatula to remove the excess shaving cream. Let dry.
We got five paintings from one batch of shaving cream and could have still kept going.
We’d love to see your own creations – be sure to share them in our comments or on our Facebook page!
A full-time work-from-home, Jennifer Cox (our “Supermom in Training”) loves dabbling in healthy cooking, craft projects, family outings, and more, sharing with Suburban readers everything she knows about being an (almost) superhero mommy.
Interisle’s annual study finds the cybercrime technique expanding to more brands and surging in the cryptocurrency field.
Press Release –
Jul 26, 2022
NEW YORK, July 26, 2022 (Newswire.com)
– The cybercrime commonly called “phishing” soared 61% in the past year to more than 1 million attacks and continues to pose a significant threat to most Internet users, according to an annual study from Interisle Consulting Group, specialists in business and technology strategy and authors of a long-running series of reports on phishing activity.
Phishing attacks lure victims, typically via email or text message, to a fraudulent website that appears to be run by a trusted entity, often a bank or retailer. The site is designed to persuade a victim to provide sensitive information like a bank account number.
For its study, entitled Phishing Landscape 2022: An Annual Study of the Scope and Distribution of Phishing, Interisle assembled and analyzed a deep and reliable dataset by collecting more than three million phishing reports from 1 May 2021 through 30 April 2022 from four respected threat intelligence providers: the AntiPhishing Working Group (APWG), OpenPhish, PhishTank, and Spamhaus, and examined data from 2020 for a longer-term examination of certain issues. The report also includes Interisle’s recommendations on measures to stop the practice.
Interisle’s study has drawn praise from experts on the topic. “This thoroughly researched report is essential reading for anyone concerned about the growing threat of online phishing,” said John Levine, president of the Coalition Against Unsolicited Commercial Email (CAUCE). “It has detailed analyses and advice on what and where the threats are, and how we can and must deal with them.”
Interisle’s study found the 3 million reports represented 1,122,579 unique phishing attacks during that time frame, with 853,987 domain names reported for phishing, a 72% increase over the previous year’s study.
One notable finding: Phishing attempts related to cryptocurrency increased 257% year to year. Nearly 80% of the generic top-level domains (gTLD) reported for phishing were maliciously registered, and crypto wallets were the most targeted brands.
“Cryptocurrency phishing has skyrocketed, especially attacks involving wallets and exchanges,” said Interisle partner and co-author Dave Piscitello. “Phishers are applying attack techniques that they’ve used against other financials to virtual currencies with great effect.”
In other findings:
The number of monthly attacks has doubled in two years, from about 40,000 in May 2020 to more than 100,000 in April 2022.
Phishers targeted over 2,000 businesses and organizations during the 1 May 2021 to 30 April 2022 period. The majority of phishing attacks targeted just 10 brands.
A small number of registrars dominate malicious domain registration in some TLDs (top-level domains). In four TLDs, more than 80% of the malicious domains were registered through just one registrar.
Phishing attacks are disproportionately concentrated in new gTLDs. While the new TLDs’ market share decreased during the yearly reporting period, phishing among the new TLDs has increased.
Phishers deliberately registered 69% of all domains—and 92% of new gTLD domains—on which phishing occurred.
Phishers have begun targeting more brands, including Amazon, Apple, Meta (Facebook, WhatsApp) and Microsoft (Outlook).
Interisle’s report also includes observations and recommendations to counter phishing attempts, including:
The naming, addressing, and hosting ecosystem exploited by phishers (and cyberattackers generally) is encumbered by vertically isolated (“siloed”) policy and mitigation regimes.
Registries and registrars should identify, “lock”, and suspend domains reported for phishing, and hosting and cloud service providers should remove phishing content or shut down accounts where phishing occurs, and all parties should be more responsive to abuse complaints, especially for cybercrimes such as phishing, and they must begin to do so in a more coordinated and determined manner.
Changes to or introduction of policy or regulation may be necessary to effectively mitigate phishing. Obliging operators to validate the identity of users and customers, coupled with agreement on a common definition of lawful access that acknowledges the role that the private sector plays in combating cybercrime, could reduce both the incidence of phishing and the difficulty of responding to it.
About Interisle Interisle’s principal consultants are experienced practitioners with extensive track records in industry and academia and world-class expertise in business and technology strategy, Internet technologies and governance, financial industry applications, and software design. Every Interisle client benefits from the direct hands-on management of this core team, augmented by the specialized expertise of an extensive network of associates—a coherent, team approach with the low overhead of a lean, virtual organization.
First, there was web1 – aka the internet we all know and love. Then there was web2 – the user-generated web, heralded by the arrival of social media. Now, wherever we look, people are talking about web3 (or sometimes, web 3.0) – the supposed next big evolutionary leap forward of the internet. But what is it, exactly?
What is Web3 All About? An Easy Explanation With Examples
Adobe Stock
Well, opinions on this differ somewhat. Web3 is currently a work-in-progress and isn’t exactly defined yet. However, the main principle is that it will be decentralized – rather than controlled by governments and corporations, as is the case with today’s internet – and, to some extent, connected to the concept of the “metaverse.”
Before we start – just to avoid confusion – it’s worth mentioning that, until a few years ago, the term “web 3.0” was frequently used to describe what is now known as the “semantic web.” This was a concept put forward by the original “father of the internet,” Sir Tim Berners-Lee, for a machine-to-machine internet. Language is defined by its use, and the term is more frequently used to describe something else now. However, Berners-Lee’s concepts are considered to be a part of what we now call web3, although not the entirety of it.
What is the decentralized web?
Let’s look at decentralization first. Today, all of the infrastructure that the popular sites and hangouts we spend time on online are usually owned by corporations and, to some extent, controlled by regulations set out by governments. This is because this was the simplest way to build network infrastructure – someone pays to install servers and set up software on them that people want to access online, and then either charges us to use it or lets us use it for free, as long as we abide by their rules.
Today, we have other options, and in particular, we have blockchain technology. Blockchain is a relatively new method of storing data online, which is built around the two core concepts of encryption and distributed computing.
Encryption means that the data stored on a blockchain can only be accessed by people who have permission to do so – even if the data happens to be stored on a computer belonging to someone else, like a government or a corporation.
And distributed computing means that the file is shared across many computers or servers. If one particular copy of it does not match all of the other copies, then the data in that file isn’t valid. This adds another layer of protection, meaning no one person other than whoever is in control of the data can access or change it without the permission of either the person who owns it or the entire distributed network.
Put together, these concepts mean data can be stored in a way so that it is only ever under the control of the person who owns it, even if it happens to be stored on a server owned by a corporation or subject to the control of a local government. The owner or government can never access or change the data without the keys to the encryption that proves they own it. And even if they shut down or remove their server, the data is still accessible on one of the hundreds of other computers that it’s stored on. Pretty clever, right?
Other important concepts that are often used in relation to the technical infrastructure of web3 are that it is open, meaning largely built on open-source software, trustless and permissionless.
Trustless means that interactions and transactions can take place between two parties without the need for a trusted third party. This was not necessarily the case on web2 or below because you would have to be certain that whoever owned the medium you were using to interact or transact was not manipulating your communications.
A good example of a web3 trustless transaction would be sending Bitcoin directly to another person – not via an online exchange or wallet stored on a centralized server. The entire process of making the transaction is controlled by the blockchain algorithm and encryption, and there is close to zero chance that anyone can step in and disrupt it.
Similarly, “permissionless” means that neither party in a transaction or interaction have to seek permission from a third party (such as a service provider or government) before it can take place.
By the way, if you think all this talk about avoiding government interference sounds a little bit anarchistic or libertarian, then you’re not alone! There are still big questions to be answered about the implications that this lack of oversight or control has for safety and legality. We’ve already seen governments attempt to create legislation that will allow them to retain some level of control over communications and interactions on the web3. This includes the UK Government’s indications that it would like to regulate citizens’ ability to send end-to-end encrypted messages.
Web3 concepts – the DAO
The Decentralised Autonomous Organisation (DAO) is a web3 concept describing a group, company or collective that are bound by rules and regulations coded into a blockchain. For example, in a DAO-based shop, the price of all of the items, as well as details on who would get pay-outs from the business, would be held on a blockchain. Shareholders in the DAO would be able to vote to change prices or who gets the money.
However, no individual could change the rules without having permission to do so. And no one who owned the physical infrastructure, such as the server owners, or the owners of the facilities where the profits were stored, could interfere in any way, like running off with the takings!
Crucially, DAOs – in theory – eliminate the need entirely for many of the “men-in-the-middle” needed to run an organization – such as bankers, lawyers, accountants, and landlords.
Artificial intelligence (AI) and web 3.0
Most people believe that AI will play a big part in web3. This is due to the heavy involvement of machine-to-machine communication and decision-making that will be needed to run many web3 applications.
How does the metaverse fit with web3?
The last important concept of web3 that we have to cover is the metaverse. In relation to web3, the term “metaverse” covers the next iteration of the internet’s front-end – the user interface through which we interact with the online world, communicate with other users, and manipulate data.
Just in case you’ve missed all the hype – the idea of the metaverse is that it will be a much more immersive, social and persistent version of the internet which we all know and love. It will use technologies like virtual reality (VR) and augmented reality (AR) to draw us in, enabling us to interact with the digital domain in more natural and immersive ways – for example, by using virtual hands to pick up and manipulate objects, and our voices to give instructions to machines, or talk to other people. In many ways, the metaverse can be thought of as the interface through which humans will engage with web3 tools and applications.
It’s possible to create web3 applications without the metaverse being involved – Bitcoin is one example – but it’s thought that metaverse technology and experiences will play a big part in the way many of these applications will interact with our lives.
This all sounds great, and everyone must love it, right?
Well, actually, no. It should be mentioned that there has been a fair amount of high-profile criticism of web3. Elon Musk has made several comments, including stating that it “seems more like a marketing buzzword than a reality right now” and tweeting, “Has anyone seen web3? I can’t find it.”
Former Twitter CEO, Jack Dorsey, on the other hand, has questioned whether it will be as free and open as many hope. He said, “You don’t own web3. The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label.”
Others don’t like many of the current proposals for web3 due to the fact that they are built on blockchain, which can sometimes be very energy-intensive, contributing to carbon emissions and climate change. The Bitcoin blockchain, for example, is estimated to consume around the same amount of energy as Finland. Other blockchains – such as those that are built on proof-of-stake algorithms rather than proof-of-work, are not as energy-intensive.
Some examples of web 3.0 applications
Let’s look at some examples of web3 in practice:
Bitcoin – The original cryptocurrency has been around for more than ten years, and the protocol itself is decentralized, although not all of its ecosystem is.
Diaspora – Non-profit, decentralized social network
Steemit – Blockchain-based blogging and social platform
SEATTLE, November 2, 2021 (Newswire.com)
– Journey down the rabbit hole of the internet through the eyes of Charlie, a creative kid who loves to play drums and hang out with friends. Charlie meets AL, an algorithm who can promise Charlie everything and anything, but at what cost? Follow Charlie on a path of self-discovery and the realization that the online world isn’t always what it’s cracked up to be….
This is the debut book for publisher Read-With-Me Books and author Justin Webb, who dreamed up the story during a long run through the winding trails surrounding his home in Middle Tennessee. “I hope this book helps parents like me who struggle with finding the right balance between the many screens that are omnipresent in our kids’ lives and having rich, full lives full of family, friends and real-life adventures. At it’s core, ‘I’ll Go Rhythm’ explains the importance of not basing your own self-worth on your online presence and is a good reminder of the importance of spending real time having real conversations with the ones you love.”
This is illustrator Kayla Stark’s sixth illustrated children’s book. For “I’ll Go Rhythm” she experimented with using a combination of cut paper and acrylic paint on watercolor paper. Texture and shape are prominent in the illustrations as is the exploration and elevation of a simpler, more childlike illustration style. Among her previous titles are “Friends at the Firehouse”, “Mr. Rat Pack Really Wants That”, “Trying Again (My Feelings, My Choices)”, “Bread for Words: A Frederick Douglas Story” and “The Fox and the Crow”.
The hardcover edition of “I’ll Go Rhythm” is available for immediate purchase on Amazon or local booksellers and at read-with-me-books.com; the electronic version is available on Amazon, Apple, Google and other major e-book retailers.
For a complimentary hardcover or electronic copy of the full book to review/feature, contact us at info@read-with-me-books.com
Read-With-Me Books is dedicated to providing interesting materials for adults and kids to enjoy reading together and learning the power of the printed word while spending quality time learning the power of personal connections.
CARLSBAD, Calif., September 9, 2021 (Newswire.com)
– Expedition Communications, an end-to-end systems integrator specializing in satellite, has been in growth mode since early 2019. The continued success has positioned the company well to acquire competitor and adjacent market player Mobil Satellite Technologies.
Established in 1996, Mobil Satellite Technologies honed its expertise in satellite television and expanded into public and private IP products, Public Safety solutions, and much more. The overlapping areas of similarities, combined with expanded vertical reach, strengthen Expedition Communications’ position in the market as a major end-to-end satellite-focused telecom competitor.
Over the past 10 years, Expedition Communications has seen rapid growth across all lines of business, specifically in the enterprise Business Continuity and Public Safety sectors. The company has strategically focused on expanding its team and deepening its areas of expertise. These areas include enterprise systems integrations, VSAT installation & maintenance, Business Continuity, and Public Safety.
“We’ve built a strong reputation for being fast and nimble to reach our goals and to serve our customers. Acquiring MobilSat was the next step in our evolution and was the right move for us in efforts to expand our portfolio and enable new opportunities and solutions for our customers, “said Dean Eldridge, President and CEO of Expedition Communications.
Both the industry and existing customers will benefit from the deal. With the acquisition, Expedition Communications will expand deeper into state and local first responder agencies and offer a more complete end-to-end solutions portfolio. Its portfolio will now include Marine communications, new VoIP and VPN technologies, and internet capabilities for VSAT, cellular backhaul, mobile command trailers, and television offerings.
“By bringing all of these technologies together, it allows us to provide our customers a seamless integrated solution to become a true one-stop shop for our clients,” said Jerry Creekbaum, CTO at Expedition Communications. “This is important because we’ve seen many clients being required to streamline and simplify their vendors. That’s why we have focused on offering true end-to-end telecommunications solutions.”
With the added reach, resources, and growing infrastructure, Expedition Communications is a fast-growing private satellite integrator to watch in 2022.
Expedition Communications is a global, end-to-end, telecommunications solutions provider. The company specializes in designing and streamlining satellite-based communication solutions that power the daily flow of information for small to enterprise-sized businesses and government agencies. Since its inception in 2008, the company has partnered with a wide range of clients across many verticals, including but not limited to state and local government, federal government, healthcare, emergency response, pharmaceutical, Fortune 500 retail, IT, oil & gas, and many others.
Giftapart launching in summer 2018 promises to ‘change the world’ with revolutionary e-commerce
SOMERVILLE, N.J., May 16, 2018 (Newswire.com)
– Pedroso Ventures Inc., the tech startup in Somerville, New Jersey, that had its ribbon-cutting in September 2017 has changed its corporate name to Giftapart Inc., and now announces a giveaway for 11 people to win up to $1,000 shopping credits.
Developing an internet e-commerce software platform that its CEO and founder Filipe Pedroso says will “change the world,” the project has been under heavy secrecy since its commencement. Pedroso says the public launch date is anticipated for late summer 2018 using the company’s current name and brand of Giftapart.
We’re excited to announce a giveaway to one lucky winner of $1,000 shopping credit and 10 others who will receive $100 credit to Giftapart on launch date, just for following us on Facebook, Instagram or Twitter.
Filipe Pedroso, Esq., CEO
To celebrate the birth of its business name, Giftapart has launched a website and several social media sites. “We’re excited to announce a giveaway to one lucky winner of $1,000 shopping credit and 10 others who will receive $100 credit to Giftapart on launch date, just for following us on Facebook, Instagram or Twitter.”
Giftapart can be found on Facebook, Instagram, Twitter and other social media services under its business name. “People can easily find us on any of these social media platforms by searching Giftapart. We’re the only company named Giftapart. Our name is as unique as the innovative and revolutionary e-commerce methods we’re creating and launching this summer.”
The company has been developing a completely new internet shopping experience. “We have filed provisional patents incorporating about a dozen revolutionary new ways of engaging in e-commerce. We believe that some of our methods will change the world’s culture forever, and how everyone does a certain type of shopping.”
Pedroso states that Giftapart will provide customers will all types of products. “We intend on providing most items, if not all, consumers want and need as soon as possible,” said Pedroso. “The company is in process of establishing business relationships with top retailers that sell and ship goods within the United States. We will only sell products that are sold by established, ethical retailers. Consumers can be assured that they will only get authentic products from the brands they trust and the stores they know.
“The retailers that have had the opportunity to see what we’re doing are very excited and really love the unique retailer toolbox we provide them,” commented Pedroso. “The way that retailers can connect with their loyal customers is uniquely special and efficient at Giftapart. Retailers are loving that. And interested, loyal consumers will equally appreciate that level of connection with their favorite retailers.
“We wanted to reward our initial Giftapart fans so we created this giveaway,” said Pedroso. According to the giveaway rules, anyone can participate by following Giftapart on its social media sites and being in current follower status on the launch date. “We’ll select the 11 winners on launch day and reach out to them the same day. We want them to start using and shopping on Giftapart right away!”
Although the rules of the giveaway limit entry to adults, Pedroso says they’ll do whatever they can to accommodate everyone. “We understand that some minors may not know or read the rules fully, therefore still follow our pages with the impression that they’ve qualified. If possible, we’ll make an effort to get their parental consent to still award them their giveaway. Our company’s philosophy is to always do the right thing, even if it means taking the extra mile. We’ll always take care of our customers first.”
In fact, since almost the start of the project, Pedroso has had the words “CUSTOMER #1” on the whiteboard in the company’s conference room. Kevyn Jaremko, director of front-end software development, has been with the company since its first line of code and said, “I guess as developers we were thinking about ways to make the platform more profitable, but Filipe [Pedroso] would remind us and always say, ‘We’re focused on creating an awesome platform for the customers’ use and satisfaction.’ He would always say ‘the customer is number one,’ so after saying it a couple times, he wrote it in all caps on the whiteboard. It’s still there, he never erased it.”
“Oh yeah, Filipe [Pedroso] is obsessed with the customer,” added Deepak Kumar, also with the company since the onset and leads the back-end software development. Kumar further stated, “There’s no doubt that Filipe [Pedroso] has kept his focus. He has demanded that we leave no detail undone. Every detail of the project is revolved around what the customer will enjoy, need and want. But you know what, I guess that’s what it takes. We’re all so excited to get the platform in people’s hands so they can start enjoying all the great features. This project was not built for ease of development. It was built for ease of use.”
Priya Balakrishnan, front-end coder at the company, said, “The goal is to give the users a fun and exciting shopping experience and to that effect, we are working towards a design that is aesthetically pleasing while being simple and seamless to use. We want to bring the fun of retail shopping to the online experience.”
Giftapart is developing its platform to be released in desktop and mobile form. “Creating a truly all-encompassing platform has been the goal, and that, of course, would include allowing people to use it in all form factors. So whether you want to use Giftapart on your desktop, notebook, tablet, Android or iPhone, we got you covered. You’re going to love shopping and doing so much more on Giftapart,” said Pedroso.
Heading the mobile development team is Robert Dudas Jr. and he says, “We have been able to pack a tremendous amount of functionality into a simple-to-use user interface on the mobile phone. Filipe [Pedroso] has insisted that the user experience be similar across all platforms, and we have been able to maintain enough uniformity that once you know how to use the desktop version, going to the mobile app will be a breeze and vice versa. I’m very pleased with the successes we’ve had.”
Alhambra, California, June 26, 2015 (Newswire.com)
– Thanks to the ongoing support of all backers on Kickstarter, Freway has successfully reached the goal! And the actual amount now keeps increasing!
Within the past days, Freway heard lots of great suggestions and feedbacks from loyal backers, their voice helps Freway to keep optimizing the eBike.
FrewayeBike equips with the innovative power system, named Freway Vigor System (FVS), which consists of the big 4.0 inch touch panel, one long-lasting battery pack, and one smart controller. With the high efficient FVS, the cycling range is up to 60 miles. Such a long cycling range is awesome for commuters. IP 67 certified battery pack ensures stable performance in both rainy and dirty road conditions. Advanced BMS is also applied to stabilize FVS on cycling.
Only premium bike parts are selected to create the FrewayeBike. Most of them are from world-class manufacturers. Shimano speed system, high strength alloy frame and oil press disc brake, all those parts make FrewayeBike outstanding. You will be attracted by its excellent performance for on-road and off-road riding conditions.
Most eBike currently are more than $1000 on market, however, FrewayeBike now hits the road with the amazing $599 only. Does anyone could enjoy any eBikes at such a competitive price? Let alone 27-speed Shimano speed set or any other premium bike parts, just think of the price and the amazing cycling range.
The crazy price $599 is only available in a few days on Kickstarter, if any customers are interested, just go for it.
