News Archives - Page 9 of 14

WednesdayJun 09, 2021 1:25 pm

ChineseNewsBreaks – Infobird Co. Ltd. (NASDAQ: IFBD) Announces Exercise, Closing of Underwriters’ Over-Allotment Option in IPO

Infobird (NASDAQ: IFBD), a software-as-a-service (“SaaS”) provider of AI-powered customer engagement solutions in China, today announced the partial exercise and closing of the underwriters' over-allotment option in connection with its previously announced underwritten initial public offering. According to the update, Infobird secured gross proceeds of $500,000, before underwriting discounts and commissions and offering expenses, through the issuance and sale of an additional 125,000 ordinary shares, each at a public offering price of $4.00. After giving effect to the partial exercise of the underwriters' over-allotment option, the total number of ordinary shares sold by Infobird in the initial public offering was…

MondayJun 07, 2021 10:29 am

ChineseNewsBreaks – Splash Beverage Group Inc. (SBEV) Secures Distribution for Entire Portfolio in World’s Largest Alcoholic Beverages Market

Splash Beverage Group (OTCQB: SBEV), a holding company building a leading portfolio of beverage brands, today announced expansion of its recently signed distribution agreement with China-based American Software Capital (“ASC”) to include its Copa Di Vino and Pulpoloco brands. These are in addition to the previously announced distribution of hydration and recovery brand TapouT Performance and SALT Naturally Flavored Tequila. ASC, a manufacturer and distributor of consumer goods, has robust marketing resources and impactful relationships with chains and outlets throughout Greater China. According to a report from Mersol & Luo, China is the largest market for alcoholic beverages in the…

ThursdayJun 03, 2021 2:42 pm

ChineseNewsBreaks – Infobird Software Co. Ltd. (NASDAQ: IFBD) Enters into Customer Service, Marketing Agreement to Create New Beauty Retail Experience

Infobird Software (NASDAQ: IFBD), a software-as-a-service (“SaaS”) provider of innovative AI-powered, or artificial intelligence-enabled, customer engagement solutions in China, has finalized a cooperative agreement with SaSa Cosmetics (China) Co. Ltd. The agreement is designed to deliver enhanced customer service and marketing capabilities, key components of Infobird’s commitment to creating a new experience in beauty retail services. SaSa International Holdings Limited is a leading cosmetics retail and beauty service group in Asia and is one of the larger retail groups in China Hong Kong, with more than 300 physical retail stores and counters located throughout Asia. SaSa carries almost 1,000 well-known…

WednesdayJun 02, 2021 12:09 pm

ChineseNewsBreaks – FingerMotion Inc. (FNGR) Releases Financial Results for FYE 2021

FingerMotion (OTCQX: FNGR), a mobile services and data company, has released its financial results for the fiscal year ending Feb. 28, 2021. A highlight of the report was record annual revenue of $16.68 million, which includes the company’s SMS (“SMS”) & MMS (“MMS”) and telecommunications products and services. That total represents an estimated 82% increase from FYE 2020. Other financial numbers worth noting include annual growth in SMS & MMS business revenue of $6.13 million, or 84% compared to the same period the year before; annual growth in telecommunications products and services business revenue of $1.39 million, or a 76%…

ThursdayMay 20, 2021 3:33 pm

ChineseNewsBreaks – Infobird Software Co. Ltd. (NASDAQ: IFBD), CESTC Partner to Accelerate Development of China’s Digital Economy

Infobird (NASDAQ: IFBD), a software-as-a-service (“SaaS”) provider of AI-powered customer engagement solutions in China, and China Electronic System Technology Co. Ltd. (“CESTC”), a subsidiary of China Electronics Corporation, recently reached an ecological cooperation agreement. According to the update, the two parties will carry out comprehensive and in-depth collaboration in the fields of modern digital cities and credit creation to jointly promote the accelerated development of China’s digital economy. CESTC is a core enterprise in China’s electronic digital and information service industry, as well as a provider of China’s electronic information products and services. Through the partnership, Infobird Software and CESTC…

TuesdayMay 18, 2021 1:52 pm

ChineseNewsBreaks – FingerMotion Inc. (FNGR) Announces Successful Negotiation of Contract with China Mobile Fujian

FingerMotion (OTCQX: FNGR), a mobile data and services company, has entered into a volume-based contract with China Mobile Fujian. The company anticipates that the contract will show an approximate 30% improvement in gross margin on its SMS business. FingerMotion, along with its subsidiary, JiuGe, has been working for years on this collaboration, with the end result of offering high-quality service to the end user. China Mobile Fujian currently has an estimated 70% of the market in the province of Fujian, which is approximately 30 million or more online subscribers. The agreement represents FingerMotion’s commitment to continuously enhancing its platform, resulting…

MondayMay 17, 2021 12:37 pm

ChineseNewsBreaks – Infobird Co. Ltd. (NASDAQ: IFBD) Files FY 2020 Annual Report

Infobird (NASDAQ: IFBD), a software-as-a-service (“SaaS”) provider of AI-powered customer engagement solutions in China, has released its annual report for the fiscal year ended Dec. 31, 2020; the company announced that it has filed the report with the U.S. Securities and Exchange Commission (“SEC”). Key figures of the report includes total revenues for FY 2020 reaching an estimated $14.5 million, a decrease from 2019, which the company noted was primarily due to the negative impact of the COVID-19 pandemic and one of the company’s major customers adjusting its internal telemarketing strategy. However, the report also noted an increase in revenue…

WednesdayMay 12, 2021 10:21 am

ChineseNewsBreaks – iClick Interactive Asia Group Limited (NASDAQ: ICLK) Announces Planned Release of Q1 2021 Financial Results, Conference Call

iClick Interactive Asia Group (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, today announced that it will report its unaudited first quarter 2021 financial results before the U.S. market opens on Wednesday, May 26, 2021. The company’s CEO and Co-Founder Jian "T.J." Tang and CFO Terence Li will host a conference call to discuss iClick's business and financial performance at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Hong Kong Time), also on May 26. Interested parties may join the call by dialing +1-888-346-8982 (U.S.), +1-412-902-4272 (International), +852-800-905945 (Hong Kong), or +86-4001-201203 (Mainland China) and asking…

TuesdayMay 11, 2021 10:58 am

ChineseNewsBreaks – iClick Interactive Asia Group Limited (NASDAQ: ICLK) Wins Big at 2021 Asia-Pacific Stevie Awards

iClick Interactive Asia Group (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, today announced that it has won five awards at the eighth annual Asia-Pacific Stevie Awards. The accolades include a Gold Stevie(R) Award for Innovation in Paid Media Planning & Management. "We are honored that iClick's strong data capabilities and technology innovation in both target marketing and enterprise digitalization have been recognized by one of the world's premier business award organizations," said Jian "T.J." Tang, CEO and co-founder of iClick. "This strongly demonstrates our leading position in providing clients with a full suite of…

TuesdayMay 11, 2021 9:30 am

ChineseNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Registered Direct Offering Results in $5.66M

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality interactive entertainment games, toys and educational materials in China, has closed a registered direct offering. The offering, conducted with two institutional investors, comprised the purchase and sale of 6,290,000 BHAT ordinary shares, which were sold for $0.90 per share. The transaction resulted in total gross proceeds of approximately $5.66 million for BHAT, before traditional fees and other estimated offering expenses have been deducted. In addition, the company issued unregistered warrants to the investors to purchase an additional 4,088,500 ordinary shares in a concurrent private placement; those warrants…

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