FingerMotion (NASDAQ: FNGR), a mobile data and services company, and subsidiary Shanghai JiuGe Information Technology Co. Ltd., has entered a cooperation agreement with Suning.com for JiuGe to to provide top-up service for Suning.com’s e-commerce portal. According to the announcement, the operational support that JiuGe will provide will include development, marketing and testing. Founded in 1990, Suning.com has become a top 10 e-commerce site catering to consumers in search of home appliances, consumer electronics, health and beauty products. The site sees some 8 million monthly visitors and has been ranked among the Fortune Global 500, and ranked first in the retail industry. The company also noted that its board of directors has authorized a six-month extension to the expiry date of common stock purchase warrants issued on Oct. 19, 2020; the new expiration date is April 19, 2023. “Our Top-up business continues to expand,” said FingerMotion CEO Martin Shen in the press release. “We have now onboarded five of the top ten Chinese e-commerce portal sites. We believe this major achievement is related to our open-source technology that allows e-commerce portals to quickly integrate with our system. We have our sights set on future expansion and plan to continue pursuing the remaining e-commerce portals. We have found that the pandemic has accelerated the consumers online shopping preferences.”
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About FingerMotion Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the company is developing additional value-added technologies to market to its users. The vision of the company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the company to onboard larger customer bases. FingerMotion eventually hopes to serve more than 1 billion users in the China market and eventually expand the model to other regional markets. For more information about the company, please visit www.FingerMotion.com.
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