FingerMotion (NASDAQ: FNGR) recently launched its mobile device protection product, looking to tap into an industry valued at approximately $10.6 billion annually. “While appearing in an interview with the investor media outlet, Proactive, Martin Shen, FingerMotion CEO, reckoned that this device protection program would be integral to accelerating the company’s revenue growth over the next 6-12 months…. Shen noted, ‘We have partnered with a very large NYSE-listed insurance company and are helping them get into the Chinese market as well, and we hope to launch that business very soon… That will really accelerate our revenue over the next 6-12 months,'” a recent article reads. “Device protection is a welcome addition to FingerMotion’s growing list of offerings comprising telecommunications products and services, SMS and MMS, big data insights, and rich communication services (‘RCS’). As a result, its management is confident that FingerMotion will sustain its current revenue trajectory, having posted a 37% growth in the previous financial year… Earlier in the year, Mr. Shen noted that one of the company’s key initiatives is to ‘Keep pushing gross margins higher.’ He noted that the mobile protection program would be integral in achieving this objective.”
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About FingerMotion Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the company is developing additional value-added technologies to market to its users. The vision of the company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets. For more information about the company, visit www.FingerMotion.com.
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COMTEX_413536619/2801/2022-09-01T14:29:03
