News Archives - ChineseWire

WednesdayJan 18, 2023 10:14 am

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces Q3 2023 Financial Results

FingerMotion (NASDAQ: FNGR), a mobile services and data company, has announced its financial results for the third quarter ended Nov. 30, 2022. Among the highlights, the company reported record quarterly revenue of $11.40 million and a quarterly increase in revenues of 93% compared to Q3 2022. “The Chinese ‘lockdowns’ are over now, but during the quarter they still had an impact on the company's revenue mix,” said Martin Shen, CEO of FingerMotion. “The company managed the quarter by focusing available resources to the top-up business as our corporate SMS customers were not interested in driving traffic to retail establishments that…

TuesdayDec 27, 2022 1:03 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Looks for Strong Numbers in Upcoming Quarter

FingerMotion (NASDAQ: FNGR), a mobile data and services company, is anticipating more than $10 million in quarter revenues for the period ended Nov. 30, 2022. The company announced that, based on expected revenue growth in its core businesses, the company also projects that 2022 annual revenue will exceed last year’s total. The company explained the projections by noting that, during the past six months, FingerMotion has raised a total of $15.5 million in proceeds from a convertible note private placement and a nonbrokered private placement offering. By Nov. 30, 2022, only a portion of the funds raised was used, leaving…

TuesdayDec 20, 2022 12:48 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces Retention of Third Company in Investigation of Potential Naked Short Selling

FingerMotion (NASDAQ: FNGR), a mobile data and services company, has entered into a service agreement with ShareIntel-Shareholder Intelligence Services. The agreement outlines ShareIntel’s assistance in reviewing the trading history of FingerMotion’s common stock for the past two years as well as tracking trading of the stock moving forward; ShareIntel will assist the Christian Levine Law Group and Warshaw Burstein LLP, which have each already been retained by FingerMotion. According to the announcement, ShareIntel uses DRIL-Down(TM), a patented process that aggregates and analyzes repository data from reporting entities, broker-dealers and shareholders; the process will support FingerMotion in its efforts to proactively track…

FridayDec 09, 2022 1:14 pm

ChineseNewsBreaks – FingerMotion Inc.’s (NASDAQ: FNGR) JiuGe Technology, Munich Re Collaborate to Drive Commercial Application of Work

FingerMotion (NASDAQ: FNGR), a mobile data and services company, today announced that its subsidiary, Shanghai JiuGe Information Technology Co. Ltd. (“JiuGe Technology”) and Munich Re, a large global reinsurer, have set the stage for extension of their ongoing behavioral research and analytic studies into commercial implementation in the China market. The partner companies, through a proprietary behavior intelligence system developed by “Sapientus,” the analytic innovation development arm of FingerMotion, will bring forward their jointly developed model algorithms and analytic insights for productionized applications and wider market adoption. “We are excited to walk together with Munich Re in driving commercial application…

MondayNov 28, 2022 11:34 am

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) to Participate in Upcoming One-on-One Investor Conference

FingerMotion (NASDAQ: FNGR) CEO Martin Shen is scheduled to participate in one-on-one meetings during the Benchmark Company’s 11th annual Discovery One-on-One Investor Conference. The one-day event is scheduled for Dec. 1, 2022, in New York City. During the conference, Shen will meet with potential investors as well as other interested parties. The conference offers emerging growth and dynamic publicly traded companies access to institutions and individuals in a unique one-on-one format. New York City-based Benchmark Company is an institutionally focused, research-driven, sales-trading and investment-banking company that focuses on fostering the long-term success of its corporate clients. The company accomplishes this…

TuesdaySep 27, 2022 10:47 am

ChineseNewsBreaks – AnPac Bio-Medical Science Co. Ltd. (NASDAQ: ANPC), New Investor Group Sign $3.67M Equity Investment Agreements

AnPac Bio-Medical Science (NASDAQ: ANPC), a biotechnology company with operations in the United States and China focused on early cancer screening and detection, has entered into legally binding investment agreements with nine institutional and individual investors; the agreements outline an investment in the company of approximately $3.67 million. According to the announcement, the various shares purchase agreements outline plans for a private offering of $3.67 million earmarked to purchase 36.7 million of the company’s Class A shares; the company anticipates that the investment will be complete this month. “This equity investment is important to the company’s operations as well as research and…

ThursdayAug 11, 2022 9:58 am

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Closes on $4M Funding Agreement

FingerMotion (NASDAQ: FNGR), a mobile data, services, and big data analytics company, announced that it has received $4 million in gross proceeds through a funding agreement with Lind Global Fund II, LP, which is an investment fund managed by New York-based institutional fund manager The Lind Partners. According to the announcement, the funds will provide transformational growth capital to scale Fingermotion’s business segments. The company noted that the funds are in the form of a securities purchase agreement that Lind Global purchased from FingerMotion, and the company has issued and sold to Lind Global a $4.8 million senior convertible note…

TuesdayJul 19, 2022 12:11 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Releases Financial Report for Q1 2023

FingerMotion (NASDAQ: FNGR), a mobile services and data company, is reporting its financial results for first quarter 2023, which is the period ending May 31, 2022. A highlight of the report showed a record quarterly revenue of $4.86 million; the report noted that that number included FNGR’s SMS & MMS and telecommunications products & services businesses. The report also noted a 13% quarterly decline in the company’s telecommunications products & services business revenue, along with a quarterly cost of revenue of $4.48 million and a reported quarterly loss of $1.44 million. FNGR also noted that its big data business showed…

FridayJul 15, 2022 12:57 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Unveils Mobile Device Protection Product in China

FingerMotion (NASDAQ: FNGR), a mobile data and services company, has launched a line of new mobile device protection products in China; the products are provided by FingerMotion’s subsidiary, Shanghai TengLian Jiujiu Information and Communication Technology Co. Ltd. (TengLian). The company noted that the distribution of these protection products has already begun, with the first phase of rollout happening in Hunan Province, which has a mobile subscriber base of 90 million; the company is planning phased rollouts in the months that will ultimately reach 1.2 billion subscribers. The products are available as embedded, value-added features on devices offered through Chinese carriers.…

ThursdayJun 30, 2022 2:46 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Optimizing Product Offerings to Push Gross Margins Higher

FingerMotion (NASDAQ: FNGR) recently reported its financial results for the year ended February 28, 2022. “Annual revenue rose from $6.24 million in 2021 to $22.93 million in 2022, representing a 37% growth… For FY 2022, FingerMotion posted grows profits of $2.81 million, representing a 71% increase from the previous year. This was mainly achieved through the growth of the SMS & MMS business, which posted a 5% year-over-year (‘YoY’) growth, as well as Telecommunications Products and Services, which posted a 170% revenue growth from 2021. However, the sector that posted the highest growth was Big Data. Revenue for this sector…

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