Business
FingerMotion's JiuGe Information Technology Subsidiary Awarded Two Additional Portal Contracts from China Mobile Limited
New York, New York--(Newsfile Corp. - August 20, 2020) - FingerMotion, Inc. (OTCQB: FNGR) (the "Company" or "FingerMotion"), a mobile services and data
About this update from Fingermotion, Inc.
[{"type":"text","content":"New York, New York--(Newsfile Corp. - August 20, 2020) - FingerMotion, Inc. (OTCQB: FNGR) (the \"Company\" or \"FingerMotion\"), a mobile services and data company, is pleased to announce recent and continued expansion of its Portal Sales & Marketing Management business through its contractually controlled company, Shanghai JiuGe Information Technology Co., Ltd. (\"JiuGe\"), in cooperation with China Mobile Limited, the leading mobile telecommunications carrier in China.\nSpecifically, JiuGe has been awarded Portal Sales Cooperation Agreements covering two additional China Mobile online portals which service the Chifeng and Henan Provinces in China. The agreements call for JiuGe to jointly build and manage China Mobile's leading online stores which are located on the Tmall.com portal.\nOver the course of the past year, JiuGe has demonstrated its ability to successfully execute its digital marketing and online promotion by marketing phones, phone plans, data, and SIM cards to both Chifeng City, located in Inner Mongolia with a population of 4.3 million people (source: Wikipedia), and Henan Province, which represents the 5th largest economy within China and has a population of 100 million people (source: Wikipedia). Unlike the United States, where one carrier has a nationwide portal, the telecom portals in China are regionalized to compensate for population considerations, thereby avoiding overwhelming network loads on the portals. For a U.S. comparison, such would be equivalent to having AT&T host its primary store on the Amazon.com portal.\n\"The two additional portal contracts awarded to JiuGe represents a further deepening and growth of our strategic relationship with China Mobile. The areas we expect to see the most synergies are in an upgraded product layout, growing market share, and brand awareness. Our shareholders should take note that these two agreements are a testament to the continued dedication and commitment from our JiuGe team and we look forward to sharing even more developments in the near future,\" said CEO, Martin Shen.\nAbout Tmall Portal\nTmall is considered a China Retail Marketplace under various subsidiaries of Alibaba Group Holding Limited (NYSE: BABA) and is the world's largest third-party online and mobile commerce platform for brands and retailers, with a Gross Merchandise Value (GMV) of 3.2 billion Y...