FingerMotion Inc. (NASDAQ: FNGR) Benefitting From a First-Mover Advantage, and Relationships Forged in the Chinese Market
Sep 7, 2022
- 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 the iceberg,” as it banks on the relationships forged with key players in the Chinese market, in addition to benefiting from a first-mover advantage
- Recent developments by the company show its commitment to offering unique services to the market, creating shareholder value, its understanding of the Chinese market, and the competence of its management
Earlier in the year, Martin Shen, the Chief Executive Officer (“CEO”) of FingerMotion (NASDAQ: FNGR), an evolving technology company with a core competency in mobile payment and recharge platform solutions in China, noted that the company would shift its focus for the 2022 calendar year. In addition, he noted that its initiatives would push gross margins higher, mainly building on the momentum gained so far in terms of performance.
“One of our key initiatives is to keep pushing gross margins higher, and we have been quite successful by optimizing our product offerings,” he noted…
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR
About ChineseWire
ChineseWire (CW) is a specialized communications platform focused on promising China-based companies that are listed in North America. As one of 40+ brands within the InvestorBrandNetwork (“IBN”), CW provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution to IBN’s millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, CW is uniquely positioned to best serve private and public Chinese companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CW brings its clients unparalleled visibility, recognition and brand awareness. CW is where news, content and information converge.
To receive SMS text alerts from ChineseWire, text “China” to 844-397-5787 (U.S. Mobile Phones Only)
For more information, please visit https://www.ChineseWire.com
Please see full terms of use and disclaimers on the ChineseWire website applicable to all content provided by CW, wherever published or re-published: http://IBN.fm/Disclaimer
ChineseWire (CW)
Los Angeles, California
www.ChineseWire.com
310.299.1717 Office
[email protected]
ChineseWire is part of the InvestorBrandNetwork.
More News
India Evacuates Tens of Thousands as Cyclone Arnab Approaches
The storm, Arnab, is forecast to make landfall Wednesday on the country’s eastern coast and then cut inland and head north toward Nepal.
The Future of India-Israel Ties After Israel’s Election
The election may change the political setting in which India-Israel relations operate, but it is unlikely to erase the interests and institutional links that sustain them.
China Steps In to Rescue Stocks, But the Market Continues to Fall
The Communist Party uses a “national team” of state-owned investment funds to stem the market rout. But this time, investors are not sure it will work.
Japan Confirms Dispatch to India to Explore Anti-Ship Missile Drills
Discussions highlight the training challenges posed by Japan’s expanding arsenal and opportunities for closer defense cooperation with New Delhi.
China Is Learning to Sell Japanese Culture Better Than Japan
In much of the world, Chinese firms introduced local consumers to Japanese aesthetics. Now, they are ready to sell Japanese culture back to Japan itself.
Why Singapore’s PAP internal vote is the wrong place to look for signs of leadership renewal
Singapore’s ruling People’s Action Party (PAP) has retained its core executive team in what is seen as a cautious approach despite pledges of renewal, with observers pointing to ministerial promotions as a better indication of leadership plans. The PAP emerged from an internal election on Sunday with an unchanged slate for the Central Executive Committee (CEC), its highest decision-making body, as rising ministers Jeffrey Siow and Jasmin Lau failed to secure seats, though four remaining co-opted...
How China ‘risk factors’ loom over Anthropic’s hotly anticipated IPO filing
Open-weight models, China-US tensions, Taiwan – just a few of the more than dozen references to China-related risks cited in Anthropic’s much-anticipated listing prospectus, which was finally released on Monday after months of speculation. Mostly concentrated within the 93-page “risk factors” section of the filing with the US Securities and Exchange Commission, the disclosures reveal how the Silicon Valley start-up assesses the commercial threats posed by China and its artificial intelligence...
The ASEAN-India Trade Agreement and Its Discontents
The myth of the ASEAN FTA as a bad deal is costing India diplomatically.
Singapore, Indonesia to create haze task force, share data amid tensions
Indonesia and Singapore are looking to set up a joint task force to deal with haze from Indonesia’s wildfires, the countries’ foreign ministers said on Tuesday, as they met to reaffirm their ties after weeks of simmering tensions. The visit to Jakarta by Singapore Foreign Minister Vivian Balakrishnan came amid mounting frustrations in the city state over the transboundary haze generated by Indonesia’s most intense forest fires in 11 years. After a two-hour meeting, Singapore and Indonesia’s top...
Togo’s China Pivot: Building a Strategic Gateway to the Sahel
Lomé’s maritime ambitions, deepening ties with Beijing, and growing coordination with the AES could reshape West Africa’s trade and geopolitical architecture
Philippines’ bounty on ‘Bato’ dela Rosa exposes Marcos’ dilemma in Duterte feud
A 50-million-peso (US$780,000) bounty for information leading to the arrest of fugitive Philippine senator Ronald “Bato” dela Rosa has raised questions over the Marcos administration’s ability to enforce the law against high-profile political figures, with analysts warning the move risks making Manila appear weak and reactive. Dela Rosa, who served as national police chief under former president Rodrigo Duterte, faces an International Criminal Court (ICC) arrest warrant for alleged crimes...
Arakan Army Firms Up Relocation Plan For Villages on Bangladesh-Myanmar Border
Under pressure from ARSA and the Myanmar military, the AA is looking to simply move vulnerable villagers to new locations.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.