NewsRoom Articles - Page 3 of 14

ThursdayFeb 08, 2024 1:30 pm

China Looks Inward as US Restrictions on Nvidia Chips Tighten

American export restrictions are forcing artificial intelligence (“AI”) companies in China to find alternative microchip suppliers at home. Tensions between the United States and China have risen significantly in recent years as the two nations fight to be the world’s top economy. The escalating trade war has seen China and the U.S. sanction the export of key raw materials such as rare earth minerals and chips. With the nascent artificial intelligence sector going through major growth over the past couple of years, companies worldwide are racing to develop AI-based technologies. However, machine learning and AI technology require significant processing power.…

MondaySep 19, 2022 10:30 am

FingerMotion Inc. (NASDAQ: FNGR) Benefitting From Recurring Revenue Streams from the Top-Up Business, Expands its Product Line

Martin Shen, FingerMotion’s CEO, acknowledged the solid and resilient performance of the company’s Top Up business, noting how the recurring revenue streams from it have created a solid foundation on which to expand its product line This expansion has seen the introduction of FingerMotion’s latest offering, a device protection insurance product for mobile phones. The company is looking to hit the milestone of one million devices under its protection plan by early 2023, and 20 million users within three years Mr. Shen has lauded the massive onset and adoption of 5G in China as a critical factor for this service’s…

WednesdaySep 14, 2022 10:30 am

FingerMotion Inc. (NASDAQ: FNGR) Upgrades to Sapientus Analytics Division Hone in on Tech Tool Trends in China

FingerMotion is an Nasdaq-traded company making inroads among China’s huge tech-hungry population with mobile services and big data analytics for commercial operations FingerMotion recently announced upgrades to its Sapientus division, which is currently focused on providing the insurance industry with consumer analytics in an economy that is still developing standards far or evaluating risk ratings Amid the upgrades, Sapientus also secured a renewed agreement with global reinsurance company Pacific Life Re to provide risk-rating capabilities in China Much of FingerMotion’s success has been built on its successful partnering with telecommunications giants China Unicom and China Mobile An increasing number of…

MondaySep 12, 2022 10:30 am

FingerMotion Inc. (NASDAQ: FNGR) Taking Advantage of 5G’s Proliferation in China to Grow Market Share

FingerMotion launched its mobile device protection service on July 15, 2022, banking on the transition to and the proliferation of 5G within the Chinese market With the Chinese government targeting over 2 million 5G base stations by the end of the 2022 calendar year, FingerMotion is counting on consumers’ switch from 3G and 4G phones to 5G to grow its new product and market share as a whole Martin Shen, FingerMotion’s CEO, is confident that this new direction by the company will not only sustain but also supersede the previous years’ performance, having posted a 12% gross margin growth in…

FridaySep 09, 2022 9:45 am

Upgrades to Big Data Analysis Division Positions FingerMotion Inc. (NASDAQ: FNGR) for New Growth Era in China

U.S.-based communications technology services provider FingerMotion recently announced a number of milestones in its drive to make its Sapientus big data arm a powerful driver of analytics in China’s billion-strong consumer marketplace The company has recently focused development efforts on a ready-to-launch mobile device protection plan similar to AppleCare that the company expects to be competitive in China The announcement regarding Sapientus renews expectations that it will evolve beyond its core SMS and mobile top-up services, building on unique partnerships with China’s telecommunication giants and other global corporations The Sapientus updates include news that FingerMotion has reached a new agreement…

WednesdaySep 07, 2022 9:00 am

FingerMotion Inc. (NASDAQ: FNGR) Benefitting From a First-Mover Advantage, and Relationships Forged in the Chinese Market

Martin Shen, FingerMotion’s CEO, noted the company’s shift in focus to pushing gross margins higher for the 2022 calendar year This has shaped the company’s initiatives that have seen the addition of the mobile device protection service for the Chinese market Since launching the service, FingerMotion has received $4 million in funding from Lind Global Fund II, LP, and is confident that this investment will yield the highest return, strengthen the company’s balance sheet, and enable it to experience transformational revenue growth over the next 12-24 months Mr. Shen has maintained that the current revenue is just “the tip of…

MondayAug 22, 2022 9:45 am

$4M Investment Provides Capital Injection for FingerMotion Inc. (NASDAQ: FNGR) Mobile Device Protection Strategy in China

New York-based institutional fund manager The Lind Partners has reached an investment agreement with mobile device technology innovator FingerMotion Inc. to provide FingerMotion $4 million that will advance its initiatives FingerMotion is focused on varied initiatives for serving China’s massive mobile device user market, its top priority being the rollout of an AppleCare-similar device protection plan the company expects to be popular with users Company CEO Martin Shen has stated the protection plan service has the highest potential to yield returns on capital investment in the shortest amount of time China has more than 450 million 5G mobile phone users…

MondayAug 15, 2022 9:30 am

FingerMotion Inc. (NASDAQ: FNGR), A Company Evolving With the Times

FingerMotion has evolved with the developing need for advanced telecommunications products and services, from SMS and MMS services, to big data insights, and RCS, starting with a focus on China Its latest addition, the device protection program, looks to tap into the $10.6 billion Chinese market, with over 1.2 billion mobile phone users, most of whom do not have access to a device protection plan The mobile phone insurance market is expected to hit $53.16 billion globally by 2028, and FingerMotion is targeting this growth, with eyes on expanding into other markets over time Since it was founded in 2016,…

WednesdayAug 10, 2022 9:00 am

FingerMotion Inc. (NASDAQ: FNGR) Banking on Device Protection Program and Partnerships to Accelerate Revenue Growth Over the Next 6-12 Months

FingerMotion’s launch of the mobile device protection product in the Chinese market looks to tap into an industry valued at approximately $10.6 billion annually The company has also partnered with an NYSE-listed insurance company looking to venture into the Chinese market and is confident that this, together with the product launch, will accelerate its revenue growth over the next 6-12 months Its management is also optimistic that this latest addition will help achieve the company’s goal of pushing gross margins higher, having posted a 12% gross margin in the 2022 fiscal year, up from 9% the previous year Martin Shen,…

MondayAug 08, 2022 10:53 am

FingerMotion Inc. (NASDAQ: FNGR) Making the Most of Massive Cell Phone Services Opportunities in Chinese Market

China has long been a telecommunications juggernaut market thanks to its nearly 1.5 billion population and the popularity of using multiple mobile devices among its people U.S.-based communications technology services provider FingerMotion has focused on delivering a variety of telecommunications services to the Chinese market, ranging from SMS texting to big data analysis FingerMotion recently reported important quarterly revenues from its operation despite a new series of lockdowns resulting from China’s zero-tolerance policy toward the COVID pandemic The company continues to explore new growth opportunities, such as a device protection service it rolled out in July that will exceed the…

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