CWNewsBreaks Archive - Page 2 of 15

FridayAug 19, 2022 3:40 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Customizing Globally Successful Business Models for Unique Needs of Chinese Market

FingerMotion (NASDAQ: FNGR), an evolving technology company, recently partnered to launch mobile device protection products through its subsidiary, Shanghai TengLian Jiujiu Information and Communication Technology Co. Ltd (“TengLian”). “The partnership will see the Chinese carriers [China Unicom and China Mobile] distribute the mobile device protection products as embedded, value-added features bundled with existing voice, device and data subscription plans. Underwritten by a NYSE-listed Fortune 500 insurance company, FingerMotion’s mobile device protection products will offer three tiers of protection: accidental damage to screens, mechanical breakdown and trade-in solutions. This is a departure from the norm in the Chinese mobile device protection…

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…

WednesdayAug 10, 2022 3:12 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Leveraging First-Mover Advantage, Relationships for Strong Footing in Chinese Market

FingerMotion (NASDAQ: FNGR) is positioned for opportunity with a first-mover status in payments processing and consumer data analysis in China. “The company’s big data product, known as Sapientus, has thus far focused on providing predictive services for the reinsurance market as insurance companies seek to establish a system for risk assessment in the country, and FingerMotion expects it to become a big revenue driver within the next couple of years,” reads a recent article. “We’ve had our actuaries, our data scientists working for about two to three years now in building up that wealth of information, so that we’re way…

FridayAug 05, 2022 1:21 pm

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

FingerMotion (NASDAQ: FNGR) reported a 37% year-over-year growth in revenue for the financial year ended Feb. 28, 2022 (“FY2022”). “One of our key initiatives is to keep pushing gross margins higher, and we have been quite successful by optimizing our product offerings,” a recent article quotes CEO Martin Shen’s comments from the release of the FY2022 results. Regarding the results, Shen is quoted saying, “We have been able to steadily increase our margins by optimizing our product mix between Top-up and SMS. While our biggest challenge continues to be access to non-dilutive capital, we remain steadfast in our belief that…

MondayJul 25, 2022 1:35 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Leveraging Sapientus Division to Expand into Big Data Services

FingerMotion (NASDAQ: FNGR) is building a deeper channel for revenue in its services for China’s mobile phone users and big data clients. “FingerMotion’s central competencies are in mobile payment and mobile recharge platform solutions, but the company has been expanding into big data services through its Sapientus division. The data services have primarily been marketed as a tool for reinsurance companies as they look for effective measures of risk scoring and ways to simplify policy underwiring purchasing, but FingerMotion has acknowledged it could expand into other industries in the future,” a recent article reads. FingerMotion CEO Martin Shen is quoted…

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.…

MondayJul 11, 2022 2:16 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Developing ‘Must-Have Application for Consumers and Businesses’

FingerMotion (NASDAQ: FNGR) is focused on serving the enormous cell phone and reinsurance markets in China through its SMS and MMS, as-yet-unlaunched rich communication services (“RCS”), mobile top-up, and big data services. FingerMotion CEO Martin Shen recently presented at the 12th Annual LD Micro Invitational Conference in the Greater Los Angeles area’s Westlake Village. A recent article reads: “‘Our primary area of focus is the development of must-have applications for consumers and businesses,’ a promotional video introduced by Shen at the LD Micro Conference stated. ‘Hopefully, you can see from that video that we’re well-entrenched in the mobile phone arena,…

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…

WednesdayJan 26, 2022 1:23 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Marks Significant Milestone as It Seeks to Execute Ambitious Growth Strategy

FingerMotion (NASDAQ: FNGR) recently received approval for its application for up-listing to the Nasdaq Capital Market and subsequently commenced trading on Dec. 28, 2021, under the symbol FNGR. FingerMotion’s listing marks a significant milestone, particularly as it seeks to execute its ambitious growth strategy for the 2022 calendar year. A recent article quotes Martin Shen, the CEO of FingerMotion, on the move. “FingerMotion is very proud and excited to be joining the Nasdaq stock market as one of the newly listed technology companies,” Shen said. “We believe that listing on a senior stock exchange will create more value for our…

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