FingerMotion (Nasdaq: FNGR) Looks To Jump On Continued Chinese Smartphone Growth With New Products

Photo by 张 嘴 on Unsplash
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Despite COVID-19 and supply-chain issues, the Chinese smartphone market continues to grow. Apple Inc. AAPL, which shipped 50 million new phones in 2021, led the pack, followed closely by Meridian Bioscience Inc.’s VIVO Vivo Mobile. According to a study by McGill University in Montreal, Quebec, China continues to have the most smartphones in the world with more than 900 million users.

With cell phones continuing to be part of daily life in China, which has the most access to 5G in the world, companies like FingerMotion Inc. FNGR and its mobile payment and recharge platforms continue to be a growing solution provider for the nation’s users. 

FingerMotion recently announced its shares of common stock are listed and available for trading on the Nasdaq Capital Market under the ticker symbol FNGR. 

“Listing on Nasdaq provides us greater exposure within the investment community as we execute on our ambitious growth strategies and key upcoming milestones, including expansion into new verticals and markets worldwide,” FingerMotion CEO Martin Shen said. “We believe that listing on a senior stock exchange will create more value for our shareholders, allow us to expand our investor base, and provide the opportunity to gain greater visibility for our fast-growing company within the U.S. financial community.”

FingerMotion has reported a number of significant events in the past year, with highlights including: 

• The continued growth of its top-up business with top three e-commerce portals — Alibaba Group Holding Ltd.’s BABA Tmall, Pinduoduo Inc. PDD, and JD.com Inc. JD. 
• Short Message Service division growth resulting from the reliability of its platform and efficiency of governmental review processes, which has contributed to the division being its top revenue generator.
• The launch of two new brands in cooperation with a top-five insurance company, offering device protection plans to smartphone users and expected to provide solid revenue growth.
• Further growth in its Rich Communication Services division, taking advantage of the well-established 5G infrastructure in China.
• The progress of behavioral analytic engine Sapientus, which is expected to offer significant revenue opportunities. 

In addition, FingerMotion is rolling out China Unicom’s CHU device protection insurance product created by FingerMotion’s subsidiary Shanghai TongLian JiuJiu Information Communication Technology Co. Ltd.  It’s a device protection plan that offers coverage for broken mobile phone screens, warranty extensions, and trade-ins. The product will be a standard package and allow users to opt-out of the coverage  should they decide not to continue with the subscription.
FingerMotion has released an informational video message on further updates for the company and its plans for the rest of 2022 from Shen, available here.
For more information on FingerMotion, visit www.fingermotion.com. 

The preceding/following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and Skyline Corporate Communications Group, LLC, a financial partner of Benzinga. This article/video is a paid sponsorship by investor relations agency Skyline Corporate Communications Group, LLC, which is paid by FingerMotion Inc. FNGR for providing investor relations and corporate communications services relating to the Company’s securities. Please see Skyline's 17(b) Disclaimer and Disclosure Statement here: https://skylineccg.com/disclosures/. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. The content that follows is for informational purposes only and not intended to be investing advice.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.