CWNewsBreaks Archive - Page 7 of 19

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…

TuesdayJan 25, 2022 11:24 am

ChineseNewsBreaks – AnPac Bio-Medical Science Co. Ltd. (NASDAQ: ANPC) Ranked No. 1 Globally in Multi-Cancer Screening and Detection Test Volume

AnPac Bio (NASDAQ: ANPC), a biotechnology company with operations in the United States and China, today announced that Frost & Sullivan Company, a leading and well-known U.S. market analysis and research firm, has ranked AnPac Bio globally as number one in worldwide multiple cancer screening and detection volume in a recent research report. Based on data accumulated through the end of 2020, the report included next generation cancer screening and detection technologies, including circulating tumor cells (“CTCs”), circulating-DNA (“CT-DNA”), exosome, cancer differentiation analysis (“CDA”), mRNA, and other emerging technologies. Specifically, for next generation cancer screening and detection, the report ranked…

TuesdayJan 18, 2022 3:27 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Releases Q3 2022 Financial Results

FingerMotion (NASDAQ: FNGR), a mobile data and services company, is reporting financial results for the third quarter, the period ended Nov. 30, 2021. Highlights of the report include quarterly revenue of $5.9 million, an increase of $1.02 million or 21% over Q3 2020; year-over-year quarterly growth in its telecommunications products & services business revenue of $2.8 million, a 580% increase over Q3 2020; quarterly loss in SMS & MMS business revenue of $1.78 million, or 40% compared to the same period in 2020; and no revenues in its big data division. In addition, the company showed gross profits of $967,075,…

WednesdayJan 12, 2022 1:06 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Pushing Boundaries in Telecommunications, Big Data Insights, Rich Communication Services

FingerMotion (NASDAQ: FNGR) has made a name for itself as an evolving technology company, constantly driving innovations in telecommunications, big data insights, and rich communication services (“RCS”). Its focus on the Chinese market has made it a force to be reckoned with, as evidenced by its growing year-over-year revenue since its establishment in 2016. Through proprietary platforms and technologies such as Sapientus, FNGR is slowly positioning itself to capitalize on two critical industries within the Chinese market – insurtech and telecom. Sapientus is an advanced platform that pushes innovation to achieve previously unattainable insights by mining behavioral patterns and distinctive…

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