- FingerMotion is a U.S.-based provider of rich communication services (“RCS”) and big data analysis solutions that are focused on the enormous consumer potential of China’s marketplace
- China’s mobile users account for nearly 1.5 billion individuals engaged with the country’s economic forces as well as global forces driven largely by online technology
- Although FingerMotion’s most recent quarterly report noted a 25 percent YOY growth in revenues attributed to SMS and MMS services, the company anticipates its big data services will eventually become an even greater revenue source
- The development of a powerful big data analysis platform under FingerMotion’s Sapientus division has led to significant insurtech agreements with global reinsurance powerhouses Munich Re and Pacific Life Reinsurance for serving China’s consumers
Mobile data specialist company FingerMotion (OTCQX: FNGR) has found itself in an early-mover position with its development of short and multimedia messaging (SMS and MMS) services that are particularly appealing to consumers in China’s enormous mobile-centric market, simultaneously using its big data technology to help build insurtech opportunities in the world’s largest nation by population.
China’s efforts to make digital platform companies more competitive and to stimulate innovation have included making data hoards shareable between companies (https://ibn.fm/gx6CA). FingerMotion’s Sapientus division has for some time focused its efforts on accumulating an increasing number of data points and observations that are strengthening the power of its data analysis application platform.
That platform has been developed to analyze consumer behavior and activities for government departments and corporate customers. It creates value by combining high frequency geolocation and mobile usage data with auxiliary contextual information, according to the company (https://ibn.fm/D2LkP).
That big data can be used for precision marketing needs and customizing products for consumers, but in Sapientus’ case its data platform has most-notably gained attention for its ability to provide insurers with risk assessment scoring as well as simplifying policy underwriting by creating a seamless purchasing process.
For FingerMotion, this has led to agreements with reinsurance powerhouses such as Pacific Life Re (https://ibn.fm/cmymY) and Munich Re (https://ibn.fm/i5vaz) that sustain those global corporations’ life and health insurance operations in China.
FingerMotion CEO Martin Shen has predicted the big data division will eventually become the company’s biggest revenue driver, but for now that honor remains with the mobile services the company offers.
In October, the company reported its SMS (texting) and MMS (phone photo, video and audio sharing) business revenue had grown by 25 percent in quarterly YOY comparisons and that its Telecommunications Products and Services business revenue had grown year-over-year by 142 percent (https://ibn.fm/pGCH1).
Some 1.4 billion mobile users in China are largely composed of China’s post-1990s age group (jiulinghou), a segment of the population whose activity on social media forums has transformed Chinese social relationships, according to The Brookings Institution (https://ibn.fm/ugJyD), and the workings of the country’s economy in the process.
Analysts at Reportlinker.com predict mobile engagement in China will enjoy a 44.7 percent CAGR between 2020 and 2027, reaching $22.4 billion out of the global $90.7 billion forecast, and that the overall global SMS & MMS segment will see a 38.4 percent CAGR as part of the trend (https://ibn.fm/fmOPp).
For more information, visit the company’s website at www.FingerMotion.com.
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR
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