Jocom Holdings JOCM

Jocom Holdings Corp. is a Nevada corporation that provides data analytic services centred on customer behaviour and predictive analysis for grocery items. The company carries out its core operations through a wholly owned subsidiary incorporated in Labuan Malaysia which acts as the regional hub for its activities. Jocom Holdings Corp. also owns a second subsidiary incorporated in Kuala Lumpur Malaysia that is being established to support future electronic commerce trading logistics and consulting services. The firm’s primary product is the subscription based web platform JOCOM AI Smart Platform which was developed by its chief executive officer and analyses buying patterns predicts consumer behaviour and helps optimise product placement for grocery retailers. In addition the company disclosed plans to extend its software with a logistic prediction algorithm and a mobile commerce platform to broaden its service offering.

The company generates revenue mainly from recurring subscription fees charged for access to the JOCOM AI Smart Platform. The platform is delivered as a web based service that enables electronic commerce businesses and grocery retailers to analyse customer purchasing patterns forecast demand and improve shelf arrangement. At present the sole paying customer is a related party electronic commerce platform operator located in Malaysia whose identity is not disclosed in the filing. Revenue is recognised from the subscription charges for the software and its analytical modules. The firm also indicated that future revenue streams could arise from the logistic prediction algorithm and the mobile commerce platform once those solutions are developed and commercialised.

Jocom Holdings Corp. positions itself as a specialised provider of data driven solutions for the grocery supply chain within Malaysia and the wider ASEAN region. It competes against numerous firms that offer online grocery shopping and delivery services in those markets. The company asserts a competitive edge through its anticipated 24 hour delivery capability, its projected gross margin of up to 20%, and the utility of its mobile application. Furthermore the firm benefits from the extensive industry experience of its officers particularly the chief executive officer who has more than 20 years in information technology and the fresh grocery sector. By dealing directly with vendors and managing order picking sorting and delivery including cold storage support the company is able to minimise inventory holding and improve overall margins.

The company serves electronic commerce platform operators and grocery retailers primarily in Malaysia. Its current client is a related party electronic commerce platform operator whose name is not disclosed. Management stated that it intends to broaden the customer base to include additional electronic commerce businesses grocery retailers and other distributors across Southeast Asia. The firm also aims to reach traditional producers farmers and vendors who wish to sell directly to consumers through its planned mobile commerce platform.