- U.S.-based FingerMotion is a mobile phone services and emerging big data technology company focused on the enormous prospects of China’s marketplace
- FingerMotion’s drive to develop its new Sapientus database IP has led to a significant agreement for providing big data to global insurance juggernaut Pacific Life’s Reinsurance division
- Pacific Life is among a number of outsider companies looking to enter China’s marketplace, and FingerMotion’s data is expected to help the company establish risk prediction profiles for its clientele
- China boasts a population of about 1.4 billion people, of whom more than half have adopted mobile phone technology during the past quarter century as the country’s economy has made great strides forward
- An estimated 989 million Chinese citizens have adopted Internet use and e-commerce as a part of their lifestyle
Given current estimates that China’s population will surpass 1.4 billion people this year, occupying a land mass larger than the United States while building one of the world’s fastest growing economies, it’s no surprise that China has repeatedly occupied a position as the most attractive marketplace in the world during recent years (https://nnw.fm/IEL7P).
Corporations developing their growth strategies continually freshen their outlooks on the benefits of entering China’s market while weighing any challenges that might be unique to the country, particularly in terms of technological development. But great leaps in Internet and satellite-based communications within the country are helping to drive new confidence in the potential for consumer acquisition and responsiveness.
Of note, China’s mobile phone users have increased during the past quarter century from about 3.6 million people to about 986 million, or more than half the country (https://nnw.fm/jDy8q), while Internet users have increased from 60,000 people to 989 million (https://nnw.fm/FPmsN).
Evolving technological services company FingerMotion (OTCQX: FNGR) is focused on the development and monetization of communications-related services in China, particularly in exploring the potential of big data and analytical technology to help other companies thrive in the country’s economy.
FingerMotion is a U.S.-based company is building a communications ecosystem of active users based on its flagship Sapientus database IP, a predictive services solution that has led to a landmark agreement with Pacific Life Re-insurance as the world-leading insurance juggernaut adds Chinese clients’ needs to its operational infrastructure.
FingerMotion anticipates that it may eventually use Sapientus’ capabilities to provide solutions for other market sectors as well, including predictive risk assessments for health care, financial services and consumer e-commerce applications.
In June, CEO Martin Shen noted that the relatively new establishment of the company’s Big Data Insights division led to its first revenues during the previous fiscal year and expectations of greater profits during the current year.
“We are a technology company and believe our future lies in the Big Data Insights division. By the end of calendar 2021, we expect multiple contracts relating to our Insuretech products,” he reported (https://nnw.fm/gTw6g).
Shen said the company also believes it has taken significant steps toward meeting the qualifications for listing with senior exchanges as its shareholder equity continues to show a healthy response, ending the previous year at $2.11 million.
Mobile payment and recharge platform solutions, where its core competency lies, has boosted the company to a level where it handles over 500,000 transactions every day for those services.
For more information, visit the company’s website at www.FingerMotion.com.
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://nnw.fm/FNGR
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire 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 services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public 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, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
[email protected]
NetworkNewsWire is part of the InvestorBrandNetwork.
