(NASDAQ: NISN) a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced that Fanlunke Supply Chain Management (Shanghai) Co., Ltd, a controlled affiliate of the Company, has signed a partnership agreement with Beijing Jingdong Century Information Technology Co., Ltd (“JD”), a subsidiary of JD.com, China’s leading technology driven e-commerce company transforming to become a leading supply chain based technology and service provider. Under this agreement, the two groups will enter joint cooperation to develop supply chain services targeting the e-commerce industry.
Beijing Jingdong Century Information Technology Co., Ltd is wholly-owned by Beijing Jingdong Century Trading Co., Ltd and a subsidiary of JD.com. Under this cooperation, the two groups will lean on their respective logistics networks, supply chain resources, and technologies, to complement each other’s advantages and collaborate to develop integrated supply chain solutions targeting the e-commerce industry, deploying JD’s e-commerce platform, and prioritizing customer experience. Through this cooperation, Nisun will further integrate the upstream and downstream of supply chain logistics and improve efficiency to provide comprehensive products and sales solutions.
“This partnership with China’s e-commerce giant marks another important step for Nisun in the deployment of our long-term growth strategy while providing an opportunity for us to expand our presence in the e-commerce field,” said Mr. Xiaoyun Huang, Chairman and Chief Executive Officer of Nisun International. “In addition, making use of JD’s advantages in traffic, logistics, and warehousing, Nisun can accelerate its growth in the supply chain industry while improving its capacity and efficiency in supply chain management. This partnership will allow us to improve product and service offerings and remain focused on our goals to meet customer demands while creating value for shareholders.”
NASDAQ Listed Technology Driven Integrated Supply Chain Solutions Provider for the International Finance Industry.
Linked Platform for Supply Chain, Banking, Securities, Trust, Insurance, Funds, State-Owned Enterprises and Other Businesses.
Strong Financial Results in 2020 Generating $42.2 Million Revenue.
Launched New Supply Chain Solutions Financing Business to Further Drive Overall Business Growth.
Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its industry experience, NISN is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions.
Through its subsidiaries, NISN provides users with professional solutions for technology supply chain management, technology asset routing, and digital transformation of tech and finance institutions, enabling the industry to strengthen and grow.
At the same time, NISN continues to deepen the field of industry segmentation through industrial and financial integration, by cultivating/creating an ecosystem of openness and empowerment. NISN has built a linked platform that incorporates supply chain, banking, securities, trust, insurance, funds, state-owned enterprises, among other businesses. Focusing on industry-finance linkages, NISN aims to serve the upstream and downstream of the industrial supply chain while also assisting with supply-side sub-sector reform.
NISN has an attractive share structure with only 20,555,129 shares currently outstanding.
NISN Reports Fiscal Year 2020 Financial Results
On May 3rd NISN announced its audited financial results for the year ended December 31, 2020.
In 2020 the onset of the COVID-19 pandemic presented challenges to NISN and pushed the company to adapt and refine its business model to focus on SME financing and supply chain solutions. Amid the mergers and acquisitions and dispositions, NISN still delivered a strong financial performance in the second half of 2020, as the business generated $42.2 million in revenue in the 2020 fiscal year.
Furthermore, NISN launched a new supply chain solutions financing business, which is likely to further drive overall business growth. Looking ahead to 2021, NISN remains committed to providing high-quality supply chain products and services to its clients.
For more information on Nisun International Enterprise Development Group Co., Ltd (NISN) visit http://.ir.nisun-nasdaq.com/index.html and http://www.fintaike.com.
FrontPageStocks/CorporateAds.com (CA) is a third-party publisher and news dissemination service provider. FPS/CA is NOT affiliated in any manner with any company mentioned herein. FPS/CA is news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses, and may NOT sell, offer to sell or offer to buy any security. FPS/CA’s market updates, news alerts, and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release or opinion of the writer. FPS/ CA is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. FPS/CA has been compensated $500 by the company for dissemination of this Article.
These news releases and postings may contain forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
Company Name: Nisun International Enterprise Development Group Co., Ltd
Contact Person: Ms. Changjuan Liang, Chief Financial Officer
Email: Send Email
Phone: +86 (21) 2357-0055
Address:No. 936, Jinhai 2nd Road Konggang New Area