FingerMotion (NASDAQ: FNGR), a mobile data and services company, today announced the rollout of China Unicom’s device protection insurance product created by FingerMotion’s subsidiary Shanghai TengLian JiuJiu Information Communication Technology Co. Ltd. Awarded to TengLian through a bidding process, the rollout is an expansion of the 2019 portal agreement between the parties. “This latest cooperation agreement with China Unicom underscores our ability to develop next-generation solutions in advance of our customer requests,” said Martin Shen, CEO of FingerMotion. “Our relationships with the major telecoms continue to evolve in a positive manner. We won this open bidding process because our team has been ahead of the competition, envisioning the customers’ needs before they even realize what they want. Conservatively, we expect this contract to create 20 million users and spread over 10 provinces over the next three years. The core platform will continue to be enhanced with more product offerings as we have the ability to link end-user groups with our products. As China Unicom grows into the household appliances market, we will follow them with other products and possibly under our own brand.”
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About FingerMotion Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. It is one of only a few companies in China with access to wholesale rechargeable minutes from China’s largest mobile phone providers that can be resold to consumers. As the user base of its primary business continues to grow, the company is developing additional value-added technologies to market to its users. The vision of the company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets. For more information, visit the company’s website at www.FingerMotion.com.
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