CWNewsBreaks Archive - Page 3 of 21

TuesdayFeb 11, 2025 11:45 am

ChineseNewsBreaks – Apple Inc. (NASDAQ: AAPL) teams up with Alibaba (NYSE: BABA) to develop AI for China, eyes iPhone growth

Apple (NASDAQ:AAPL) has partnered with Alibaba Group Holding Ltd. (NYSE: BABA) to integrate artificial intelligence into its devices in China, aiming to boost iPhone sales in the region. The collaboration follows Apple’s evaluations of various Chinese AI providers, ultimately selecting Alibaba to co-develop AI features that have been submitted for regulatory approval. This move aligns with Apple’s strategy to strengthen its position in China’s competitive smartphone market. As of Feb. 11, Apple stock is trading at $231.87, up 1.85%, while Alibaba shares have risen 2.11% to $113.67. To view the full article, visit https://ibn.fm/jUQlp About Apple Inc. Apple Inc. designs, manufactures, and…

ThursdayJan 23, 2025 10:40 am

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Secures Contracts for Emergency Response Communication Platform

FingerMotion (NASDAQ: FNGR), announced that it has been awarded contracts to equip emergency response vehicles with its Advanced Mobile Integrated Command and Communication Platform ("C2 Platform") following a competitive tender process. Developed in collaboration with JiuGe Technology, a subsidiary, and SAIC Maxus, the C2 Platform integrates mobile, satellite, and private networks, enabling real-time, uninterrupted communication for first responders. CEO Martin Shen highlighted the platform's role in enhancing emergency coordination and response efficiency, emphasizing plans to expand its market presence through strategic partnerships. To view the full press release, visit https://ibn.fm/A0Fsl About FingerMotion Inc. FingerMotion is an evolving technology company with…

WednesdayJan 15, 2025 9:25 am

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Reports 39% Revenue Growth in Q3 Fiscal 2025 Results

FingerMotion (NASDAQ: FNGR), posted $8.53 million in revenue for Q3 fiscal 2025, a 39% year-over-year increase driven by its Telecommunications Products & Services division. The SMS & MMS segment saw revenue jump to $44,457, compared to $7,900 in Q3 fiscal 2024, while Big Data revenue was $0, down from $5,584. Gross profit fell 30% to $0.44 million due to a 47% rise in the cost of revenue, but quarterly net loss improved to $1.66 million, a 15% reduction from the prior year. CEO Martin Shen highlighted the company's strengthened financial position, including a working capital surplus of $9.43 million, and…

FridayDec 20, 2024 8:00 am

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces $5 Million Direct Offering to Institutional Investors

FingerMotion (NASDAQ: FNGR), a mobile services and data company, has entered into a definitive securities purchase agreement with institutional investors for the sale of 3,333,336 shares of common stock and warrants to purchase up to 5,000,004 shares at a combined price of $1.50 per share and warrant. The common warrants are exercisable immediately at $1.50 per share and have a five-year term. Expected to close by Dec. 23, 2024, the offering is anticipated to generate $5.0 million in gross proceeds, to be used for general corporate purposes. Roth Capital Partners is acting as the exclusive placement agent for the offering,…

WednesdayOct 16, 2024 1:13 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces Q2 2025 Results

FingerMotion (NASDAQ: FNGR), a mobile services and data company, has announced its financial results for the second quarter of fiscal 2025 for the period ended Aug. 31, 2024. Among the highlights, the company reported quarterly revenue of $8.46 million (including telecommunications products and services, SMS and MMS business, and command and communication), a decrease of $0.82 million or 9% compared to Q2 of fiscal 2024. “While Q2 2025 presented challenges for our company, we are encouraged by the continued growth in our Cloud business segment,” said Martin Shen, CEO of FingerMotion. “Although our overall gross margin decreased compared to Q2…

WednesdaySep 25, 2024 1:04 pm

ChineseNewsBreaks – Haoxi Health Technology Ltd. (NASDAQ: HAO) Secures $12 Million in Follow-on Public Offering

Haoxi Health Technology Ltd. (NASDAQ: HAO), a Beijing-based online marketing solution provider, recently announced the successful closing of its $12 million underwritten follow-on public offering. The offering consisted of 4,000,000 units priced at $3.00 per unit, each comprising Class A Ordinary Shares and Series A and B Warrants. EF Hutton LLC acted as the sole bookrunner and has been granted an option to purchase up to an additional 600,000 units to cover over-allotments. The proceeds will support the company’s expansion and technological investments in the healthcare sector. To view the full press release, visit https://ibn.fm/J1C3w About Haoxi Health Technology Ltd.…

MondayAug 19, 2024 2:34 pm

ChineseNewsBreaks – FingerMotion Inc.’s (NASDAQ: FNGR) Exclusive C2 Platform Receives National Certification from MIIT

FingerMotion (NASDAQ: FNGR), a mobile services and data company, is reporting that its Advanced Mobile Integrated Command and Communication(“C2”) Platform has been awarded national certification from China's Ministry of Industry and Information Technology (“MIIT”). According to the announcement, the proprietary platform, which was developed by FingerMotion’s contractually controlled subsidiary, Shanghai JuiGe Information Technology Co. Ltd., is integrated with the Maxus vehicles produced by SAIC Motor Corporation Limited. “We are proud to receive this certification from the Ministry of Industry and Information Technology,” said FingerMotion CEO Martin Shen in the press release. “This national certification from MIIT confirms the platform's quality,…

TuesdayJul 09, 2024 2:53 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Subsidiary Debuts Emergency Response Management Platform

FingerMotion (NASDAQ: FNGR), a mobile services and data company, through its contractually controlled subsidiary, Shanghai JuiGe Information Technology Co. Ltd. is offering advanced solutions for nationwide emergency response management. According to the announcement, the company is developing solutions specifically for collaboration with dispatchers, first responders and healthcare agencies during emergency situations in China. Furthermore, the company has received an initial order for the solution, the Advanced Mobile Integrated Command and Communication Platform, which will be installed in vehicles and apparatuses connected to the China’s civil emergency crisis program. Company officials noted that this first contract reflected the trust that industry…

ThursdayMay 30, 2024 3:39 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Releases Financial Report for FY 2024

FingerMotion (NASDAQ: FNGR), a mobile services and data company, is reporting its financial results for FY 2024, the yearlong period ended Feb. 29, 2024. Numbers worth noting from the report show annual revenue of $35.79 million, a 5% increase over FY 2023; year-over-year annual growth of $5.78 million in Telecommunications Products & Services business revenue, a 21% increase over FY 2023; an annual decline in year-over-year revenue in SMS & MMS business revenue and Big Data revenue, which totaled $3.94 million and $0.11 million respectively; and gross profits of $3.86 million, a $1.54 million increase over 2023 FY numbers. In…

WednesdayApr 17, 2024 3:45 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces Agreements to Add Charging Terminal Access for Users of Growing Da Ge App

FingerMotion (NASDAQ: FNGR), a mobile services and data company, through its contractually controlled entity, Shanghai JiuGe Information Technology Co. Ltd., is facilitating the expanded use of the Da Ge app. According to the announcement, the company is entering into arrangements with certain electric vehicle ("EV") charging station providers in China that will allow owners of electric vehicles who have subscribed to the Da Ge app to locate and charge their cars. The arrangements are with Jiangsu YKC and Shanghai Anyo Charging Technology Co. Ltd, which operates more than 400,000 charging terminals for electric vehicles. According to the announcement, the Da…

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