Serving the massive online-to-offline (O2O) market in China with a popular app for businesses and consumers, Moxian, Inc. (NASDAQ: MOXC) announced that adoption of its platform is accelerating in both Android and iPhone segments. The news comes after the company’s launch of the Moxian+ paid platform in March 2017, which represents a transition from its beta technology that has been offered at no charge. Moxian, an innovative technology company serving the estimated $48 billion O2O market in China, enables consumers to order products online and pay brick and mortar businesses (with an online presence) via traditional offline methods.
The Moxian+ Business App has already enabled small- and medium-sized businesses to capture and analyze data, maintain customer relationships, and target marketing initiatives, as well as to have access to China’s 1.3 billion-user mobile telephone market (the largest in the world). Over 31,000 businesses used the free Moxian platform, and the company hopes to convert them to its paid, improved system.
The Moxian+ User app, reaching over 300,000 consumers with its free version, provides a system for collecting loyalty points, winning universal MO-Coins, and engaging in social networking with friends and interest groups. Consumers can set up a personalized multimedia profile. Providing the means to pay for purchases by mobile device, the app fully supports online payments and contactless cards. People can also search for local merchants via the program’s geo-location feature, communicate with friends via a media messenger, and win gifts by playing exciting games.
Expanding functionality available through Moxian’s (now paid) apps is reaching a large and fast-growing market. Accessibility to Android and iPhone users is allowing the company to hit new milestones, as it strives to reach the country’s smartphone users, who, according to CNBC, account for about 30 percent of the global smartphone market. According to a 2016 Statista.com report (http://nnw.fm/04Xt9), China became the largest mobile phone user market in 2012. Mobile phone subscriptions in the country have surged since 2011, and, now, 89 percent of its population uses a mobile phone. Monthly sales of the top 10 mobile phone brands had reached 800,000 units by Q2 2013.
The surge in app adoption is also proving beneficial to investors. In a recent press release (http://nnw.fm/1wxMB), Moxian announced an aggregate initial offering price of $50 million, with the filing of form S-3 with the SEC. Its revenue streams comprise subscription services, mobile advertising, distribution license fees, and small transaction payments. Moxian’s NASDAQ listing opened in November 2016, and future offerings are expected to include common shares, senior debt, debt securities, warrants, and, potentially, various other securities.
Now that its paid platforms can reach iPhone and Android mobile users in business and consumer markets across China, Moxian anticipates continued growth and expansion. The company can now reach a consumer base of 1.3 billion users and growing. In addition, the Shenzhen-based organization has expanded to Beijing and is expected to have over 100 commissioned executive sales personnel by year’s end.
For more information, visit www.Moxian.com
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company 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. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. 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.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer