- FingerMotion is a U.S.-based mobile communications technology services provider that is focused on the particular opportunities found in China’s world-leading population and enormous mobile user base
- The company has been building on collaborations with the nation’s largest telecommunications businesses, as shown by its recent work with state-owned China Mobile to build mobile services in the Fujian province
- FingerMotion has also been directing its big data operations through its Sapientus division to supply reinsurance agencies with tools to measure consumer risks while China’s credit and insurance risk standards are still in a nascent stage
- The company’s annual financial data reported in June showed big data revenue grew by 297 percent YOY, with 170 percent gains in telecommunications products and services also helping to drive overall revenues to a 37 percent increase
Russia’s war with Ukraine set the world’s economies on new paths this year amid supply chain disruptions rippling outward from the region and the crippling trade sanctions advanced internationally against Russia and entities that are still friendly to the largest country on earth by landmass.
It is only one of the challenges globe-facing industries have had to deal with following a period that marked the rise of what widely has been described as “economic nationalism” — a tendency to push away from international trade in favor of locally produced products (https://ibn.fm/OvaV2).
China, the largest country in the world by population, is no exception to the trend toward refocusing on market solutions, given the reliance of its enormous economy on globalization and foreign investment. While the nation has renewed efforts to strengthen its domestic economy, it remains steadfast in upholding international trade under what its leadership has termed “dual-circulation” policy (https://ibn.fm/o8ZfJ).
U.S.-based evolving mobile technology services provider FingerMotion (NASDAQ: FNGR) serves China’s 1.4 billion-person mobile products user base as well as corporate big data clients, building a foreign involvement model that is powered by collaborations with China’s telco giants. That is exemplified most recently by efforts between FingerMotion subsidiary JiuGe and state-owned China Mobile to build up 5G wireless network enhancements for services such as SMS texting and MMS audio and video in China’s Fujian province, where some 30 million online subscribers are located (https://ibn.fm/sT5BF).
Market analysts have forecast significant growth in China’s population’s mobile engagement from its already lofty levels, moving at a CAGR of 44.7 percent between 2020 and 2027 until it is valued at a quarter of the world’s expected $90.7 billion in market revenues by that point (https://ibn.fm/RRLBV).
FingerMotion’s evolving big data capabilities are being brought to bear under its Sapientus division. FingerMotion’s current focus is on providing reinsurance companies a tool for measuring risk scoring and ways to simplify their policy underwriting processes, drawing on information from FingerMotion’s approximately 500,000 daily mobile payment and recharge service transactions.
“With our data and our big data insights arm Sapientus we hope to fulfill our vision, which is to improve people’s lifestyle by understanding human behavior, by innovating new products, enhancing the products that already exist, and then hopefully with those consumer and understanding human behavior analytics we can improve lifestyle in general,” CEO Martin Shen said during a June corporate presentation at the 12th Annual LD Micro Invitational Conference in the Greater Los Angeles area’s Westlake Village (https://ibn.fm/e3NZL).
The company’s big data revenues grew by 297 percent during the past year, according to a financial report also issued in June. The company reported its overall revenue grew by 37 percent YOY to $22.93 million, with big gains also noted in its telecommunications products and services, which increased by 170 percent (https://ibn.fm/ZB4TQ).
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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